Fidelity Blue Chip Growth FundFBGRX and Fidelity Growth Company FundFDGRX, two of Fidelity’s Large Cap Growth mutual fund offerings, have delivered strong gains in 2026, helped in part by their exposure to SpaceX. FBGRX has advanced 15.8% year to date, while FDGRX has climbed 22.2%. Both funds have held SpaceX positions, giving shareholders indirect exposure to the privately held aerospace company’s rapidly increasing valuation.
The SpaceX investment has become increasingly significant as the company’s valuation has soared. As of June 30, 2026, SpaceX represented about 4.8% of FBGRX’s assets, while FDGRX also maintained a sizable position of 4.3%. This underscores how Fidelity’s early investment has created an additional source of growth beyond their public-market holdings.
The funds’ 2026 performances, however, cannot be attributed solely to SpaceX. Both portfolios have substantial exposure to technology and other high-growth companies, which have also supported returns. Still, the SpaceX stake gives FBGRX and FDGRX a notable advantage in capturing gains from a private company that has become one of the world’s most valuable businesses. As SpaceX’s valuation continues to evolve and potentially creates opportunities for greater liquidity, its contribution could become even more meaningful for Fidelity fund investors.
Fidelity Blue Chip Growth Fund primarily invests in common stocks, focusing on well-established, well-capitalized blue-chip companies. FBGRX uses fundamental analysis to select domestic and foreign issuers based on financial, industry, market and economic factors.
Sonu Kalra has been a lead manager of FBGRX since 2009. Three top holdings for FBGRX are Nvidia (15.6%), Apple (9.5%) and Alphabet (8.4%).
FBGRX’s 3-year and 5-year annualized returns are 30.1% and 15.1%, respectively, and its net expense ratio is 0.72%. FBGRX has a Zacks Mutual Fund Rank #1. To see how this fund performed compared to its category, and other 1 and 2 Ranked Mutual Funds, please click here.
Fidelity Growth Company Fund invests primarily in common stocks of companies with above-average growth potential. FDGRX uses fundamental analysis to select domestic and foreign issuers based on financial, industry, market and economic factors.
Steven S. Wymer has been the lead manager of FDGRX since 1997. Three top holdings for FDGRX are Nvidia (15.7%), Apple (7.6%) and Microsoft (6.1%).
FDGRX’s 3-year and 5-year annualized returns are 32.1% and 16.8%, respectively, and its net expense ratio is 0.69%. FDGRX has a Zacks Mutual Fund Rank #1.
Want key mutual fund info delivered straight to your inbox?
Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>
Beyond Nvidia: AI's Second Wave Is Here
The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Keep it Clean. Please avoid obscene, vulgar, lewd,
racist or sexually-oriented language. PLEASE TURN OFF YOUR CAPS LOCK. Don't Threaten. Threats of harming another
person will not be tolerated. Be Truthful. Don't knowingly lie about anyone
or anything. Be Nice. No racism, sexism or any sort of -ism
that is degrading to another person. Be Proactive. Use the 'Report' link on
each comment to let us know of abusive posts. Share with Us. We'd love to hear eyewitness
accounts, the history behind an article.
(0) comments
Welcome to the discussion.
Log In
Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.