For the first three months of 2026, Fidelity Stock Selector Mid Cap Fund's Retail Class shares gained 4.21%, topping the 2.50% advance of the benchmark S&P MidCap 400 Index.
The top individual relative contributor was an overweight stake in XPO (+43%). This less-than-truckload hauler saw several factors go its way this past quarter.
Investment choices in financials modestly detracted from the portfolio's relative result. On a stock-specific basis, an underweight in Lumentum Holdings (+92%) hurt most.
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Investment Approach
Fidelity® Stock Selector Mid Cap Fund (FSSMX) is a diversified domestic equity strategy focused on the mid-cap segment of the market.
The fund employs a team of portfolio managers, with each member dedicated to
