← Markets

Fidelity Mega Cap Stock Fund

FGRTX · NASDAQ

Market closed$34.59$-0.280000 (-0.80%)

Key statistics

Previous close$34.87
Open$34.59
Day high$34.59
Day low$34.59
52-week high$35.09
52-week low$28.86
Market cap6.93B
Volume—
Average volume—
P/E ratio—
Forward P/E—
EPS—
Dividend yield0.00%

Market context

Why it moved

FGRTX edged lower amid broad market softness, with limited trading volume suggesting reduced investor activity and general weakness in fund holdings, including notable declines in major portfolio constituents like Apollo Global Management.

FacebookFintelTickeronFintelFacebook

What is happening

Recent company-specific developments and publisher coverage.

July 13, 2026Fidelity Mega Cap Stock Fund closed essentially unchanged after a volatile session shaped by macro headwinds, with the S&P 500 pulling back amid renewed U.S.-Iran military strikes that sent oil prices surging nearly 5% and rattled equity markets broadly. Investors are pivoting attention to a pivotal Q2 earnings week, with five major U.S. banks — JPMorgan, Goldman Sachs, Citigroup, Bank of America, and Wells Fargo — all reporting on July 14; strong investment banking and trading results are widely anticipated, though analysts caution about "fear of heights" given elevated valuations. Morningstar noted that financial stocks underperformed the broader market in Q2 amid AI disruption concerns, while Fidelity itself is among major asset managers actively participating in the emerging tokenized Treasury market, a structural shift that investors are beginning to factor into long-term asset management valuations.

-0.2018

July 9, 2026Fidelity Mega Cap Stock Fund closed essentially unchanged, hovering near its 52-week high, as investors balanced resilient Q2 earnings optimism against renewed U.S.-Iran geopolitical tensions. The fund's large-cap financial and mega-cap equity holdings face a complex backdrop: major banks including JPMorgan, Bank of America, and Citigroup are set to kick off Q2 earnings on July 14th, with S&P 500 earnings expected to surge ~24% year-over-year, while escalating Middle East conflict has driven oil prices higher and reignited inflation and rate-hike fears that could pressure valuations.

0.1154

July 8, 2026Fidelity Mega Cap Stock Fund (FGRTX) closed modestly lower, pulling back slightly from its 52-week high as a broad risk-off wave swept U.S. markets. President Trump declared the U.S.-Iran interim peace agreement 'over,' triggering a surge in oil prices of over 5% and sparking inflation concerns ahead of the Fed's June meeting minutes. The macro headwinds weighed on the fund's large-cap equity holdings, with the financial sector ETF (XLF) also ending the session lower as UBS flagged 'peak banking sector optimism' ahead of Q2 earnings season, even as capital markets activity remains robust.

-0.719

July 2, 2026Fidelity Mega Cap Stock Fund (FGRTX) edged higher, trading near its 52-week high, as the finance sector benefited from a strong Q2 backdrop — the S&P 500 posted its best quarterly return in six years and the Zacks Finance sector surged 10.9% in Q2. Investor focus now shifts to the June nonfarm payrolls report, with softer ADP private payroll data and Fed Chair Kevin Warsh's comments tempering rate-hike bets and supporting broader equity sentiment, though chip stock weakness tied to Meta's AI cloud plans weighed on the mega-cap tech names the fund holds.

0.524

June 29, 2026Fidelity Mega Cap Stock Fund rose nearly 1% as markets rebounded following reports that the U.S. and Iran agreed to halt tit-for-tat strikes in the Strait of Hormuz, easing geopolitical tensions that had rattled equity markets last week. The fund's mega-cap equity holdings — which faced sharp selling pressure last week as the Nasdaq fell over 4.5% — found relief from the ceasefire news, though the broader AI-sentiment overhang and a holiday-shortened week packed with macro data including the June jobs report remain key watchpoints for investors.

0.9182

June 25, 2026Fidelity Mega Cap Stock Fund (FGRTX) closed essentially unchanged, holding steady amid a volatile week for large-cap equities. After Tuesday's tech-led selloff — which drove the Nasdaq down ~2% and the Philadelphia Semiconductor Index nearly 8% — sentiment partially recovered Thursday on blowout Micron and Qualcomm earnings results, lifting broader markets. The financial sector also received a boost after the Federal Reserve's annual stress test confirmed resilience among major banks, a positive backdrop for the fund's financial holdings. The XLF sector ETF edged higher in after-hours trading, reflecting cautious optimism across financial services.

0.1483

June 24, 2026Fidelity Mega Cap Stock Fund closed modestly lower, pressured by a volatile week for mega-cap technology stocks that dominate its holdings. A global AI-driven tech selloff, which sent the Nasdaq down roughly 2-3% on Tuesday before a partial Wednesday recovery, weighed on sentiment, with most 'Magnificent Seven' names declining sharply on concerns that AI valuations had run too far, too fast. Compounding the pressure, BlackRock — a key peer in asset management — fell over 3% on the day amid risk-off flows and shifting rate expectations, while the Federal Reserve's annual stress test release and Jefferies' mixed Q2 earnings added to the uncertain financial sector backdrop.

-1.1713

U.S. News - Money · April 29, 20267 Best Fidelity Mutual Funds to Buy and HoldU.S. News - Money · March 21, 20258 Top-Performing Fidelity Funds for RetirementForbes · July 1, 2024Best Fidelity Mutual Funds For 2026Business Insider · May 24, 20234 Simple Ways to Invest Now: Top Fidelity Fund Manager

Peers

S&P 500SPX · $7,457.69-1.01%Baron Growth FundBGRFX · $58.69-0.25%Federated Hermes MDT Mid Cap Growth R6FGSKX · $54.80-0.56%Fidelity Large Cap StockFLCSX · $68.33-0.76%Fidelity International Small Cap FundFTISX · $37.76-0.89%Fidelity Focused Stock FundFTQGX · $46.41-0.94%Fidelity Trend FundFTRNX · $215.09-1.27%T. Rowe Price Institutional Small-Cap Stock FundTRSSX · $27.990.00%