Morningstar

Fidelity Magellan Fund FMAGX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 15.90  /  +0.19 %
  • Total Assets 36.7B
  • Adj. Expense Ratio
    0.640%
  • Expense Ratio 0.560%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Large Growth
  • Investment Style Large Growth
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 0.00
  • Turnover 49%

USD | NAV as of Aug 08, 2026 | 1-Day Return as of Aug 08, 2026, 4:50 AM GMT+0

Morningstar’s Analysis FMAGX

Will FMAGX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FMAGX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FMAGX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FMAGX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Investing with conviction.

Gregg Wolper

Gregg Wolper

Summary

Navigating a large-growth universe led by dominant companies with outsize index weightings, Fidelity Magellan faces a difficult task—though its manager’s acumen and extensive support gives it a chance to stand out.

by Gregg Wolper
Rated on Published on

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Portfolio Holdings FMAGX

More FMAGX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 46.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NVIDIA Corp

10.68 4B
Technology

Amazon.com Inc

5.76 2B
Consumer Cyclical

Broadcom Inc

4.83 2B
Technology

Microsoft Corp

4.47 2B
Technology

Alphabet Inc Class A

3.98 2B
Communication Services

Advanced Micro Devices Inc

3.96 1B
Technology

KLA Corp

3.53 1B
Technology

Alphabet Inc Class C

3.40 1B
Communication Services

Meta Platforms Inc Class A

3.38 1B
Communication Services

Lam Research Corp

2.82 1B
Technology

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