FMR

Background

Fidelity was founded in 1946 by Edward Johnson II. The platform includes Magellan (made famous by Peter Lynch, 1977–1990), Contrafund (Will Danoff since 1990), the former Low-Priced Stock fund (Joel Tillinghast through 2023), Blue Chip Growth, and dozens of sector and target-date funds. The 13F aggregates all of them.

Key People

• Abigail Johnson Chairman and CEO, FMR LLC

  Granddaughter of founder Edward Johnson; firm-level leader, not a PM.

• Will Danoff PM, Fidelity Contrafund

  Manager since 1990; one of the longest tenures in U.S. mutual funds.

Track Record / Style

Use FMR for breadth and ownership weight rather than for stock picks. The cleanest single-PM signal is Will Danoff at Contrafund (long-standing large holder of Berkshire, Meta, Amazon, and Nvidia). Magellan under Lynch returned roughly 29%/year for 13 years and remains a benchmark for active long-only records.