Finance:Fidelity Contrafund
Fidelity Contrafund is a mutual fund sponsored by Fidelity Investments. As of September 2026, the fund had assets under management of $145 billion, or $280 billion when including all classes, and an expense ratio of 0.74%. It is the second-largest actively-managed mutual fund in the US by assets, after Growth Fund of America, managed by American Funds.[1][2] The fund's name comes from its original strategy of contrarian investing; however, the fund has since changed its strategy to growth investing and its largest positions are in the major technology stocks.[3]
History
The fund was launched on May 17, 1967. Richard "Dick" Dworsky managed the fund from its inception until December 1983, during which time the fund produced an average annual return of 10.2%.[4] Alan Leifer then managed the fund until 1989, when Jeffrey Vinik became manager.
William Danoff managed the fund from September 1990 until December 2026. In 2025, Asher Anolic and Jason Weiner were added as co-managers of the fund.[2][5]
Financial performance
| Year | Contrafund | S&P 500 | Difference |
|---|---|---|---|
| 2025 | +21.80% | +17.88% | +3.92% |
| 2024 | +35.97% | +25.02% | +10.95% |
| 2023 | +39.33% | +26.29% | +13.04% |
| 2022 | -28.26% | -18.11% | -10.15% |
| 2021 | +24.36% | +28.71% | -4.35% |
| 2020 | +32.58% | +18.40% | +14.18% |
| 2019 | +29.98% | +31.49% | -1.51% |
| 2018 | -2.13% | -4.38% | +2.25% |
| 2017 | +32.21% | +21.83% | +10.38% |
| 2016 | +3.36% | +11.96% | -8.60% |
| 2015 | +6.46% | +1.38% | +5.08% |
| 2014 | +9.56% | +13.69% | -4.13% |
| 2013 | +34.15% | +32.39% | +1.76% |
| 2012 | +16.26% | +16.00% | +0.26% |
| 2011 | -0.14% | +2.11% | -2.25% |
| 2010 | +16.93% | +15.06% | +1.87% |
| 2009 | +29.23% | +26.46% | +2.77% |
| 2008 | -37.16% | -37.00% | -0.16% |
| 2007 | +19.78% | +5.49% | +14.29% |
| 2006 | +11.54% | +15.79% | -4.25% |
| 2005 | +16.23% | +4.91% | +11.32% |
| 2004 | +15.06% | +10.88% | +4.18% |
| 2003 | +27.96% | +28.68% | -0.72% |
| 2002 | -4.57% | -22.10% | +17.53% |
| 2001 | -1.81% | -11.89% | +10.08% |
| 2000 | -15.97% | -9.10% | -6.87% |
| 1999 | +40.22% | +21.04% | +19.18% |
| 1998 | +21.71% | +28.58% | -6.87% |
| 1997 | +23.03% | +33.36% | -10.33% |
| 1996 | +22.53% | +22.96% | -0.43% |
| 1995 | +37.24% | +37.58% | -0.34% |
| 1994 | -1.11% | +1.32% | -2.43% |
| 1993 | +22.05% | +10.08% | +11.97% |
| 1992 | +8.78% | +7.62% | +1.16% |
| 1991 | +47.50% | +30.47% | +17.03% |
| 1990 | +3.70% | -3.10% | +6.80% |
| 1989 | +34.62% | +31.69% | +2.93% |
| 1988 | +17.38% | +16.61% | +0.77% |
| 1987 | +1.40% | +5.25% | -3.85% |
| 1986 | +15.54% | +18.67% | -3.13% |
| 1985 | +31.52% | +31.73% | -0.21% |
| 1984 | -2.48% | +6.27% | -8.75% |
| 1983 | +24.12% | +22.56% | +1.56% |
| 1982 | +26.34% | +21.55% | +4.79% |
| 1981 | -3.80% | -4.92% | +1.12% |
| 1980 | +33.15% | +32.50% | +0.65% |
| 1979 | +22.05% | +10.08% | +11.97% |
| 1978 | +9.24% | +6.57% | +2.67% |
| 1977 | -4.80% | -7.16% | +2.36% |
| 1976 | +25.44% | +23.93% | +1.51% |
| 1975 | +36.21% | +37.23% | -1.02% |
| 1974 | -27.80% | -26.47% | -1.33% |
| 1973 | -18.90% | -14.69% | -4.21% |
| 1972 | +21.43% | +19.00% | +2.43% |
| 1971 | +16.05% | +14.30% | +1.75% |
| 1970 | +0.44% | +3.86% | -3.42% |
References
- ↑ Alpert, Gabe (April 2, 2025). "How the Largest Stock Funds Did in Q1". Morningstar, Inc.. https://www.morningstar.com/funds/how-largest-stock-funds-did-q1.
- ↑ 2.0 2.1 Greengold, Robby (April 12, 2025). "Fidelity Contrafund’s Will Danoff No Longer Running It Solo". Morningstar, Inc.. https://www.morningstar.com/funds/fidelity-contrafunds-will-danoff-no-longer-running-it-solo.
- ↑ Rosevear, John (April 25, 2015). "Fidelity Contrafund: Beating the Market the Old-Fashioned Way". The Motley Fool. https://www.fool.com/investing/general/2015/04/25/fidelity-contrafund-beating-the-market-the-old-fas.aspx.
- ↑ Hagerty, James R. (September 25, 2020). "Contrarian Money Manager Didn’t Always Bet Against Crowd". The Wall Street Journal. https://www.wsj.com/articles/contrarian-money-manager-didnt-always-bet-against-crowd-11601042400.
- ↑ Mitra, Tania (April 14, 2025). "Fidelity adds PMs to $145bn Large Growth fund". Citywire. https://citywire.com/pro-buyer/news/fidelity-adds-pms-to-145bn-large-growth-fund/a2463838.
External links
- Fidelity Contrafund Product Page at Fidelity Investments
- Fund Prospectus
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