Overview
- The Fidelity Growth Strategies Fund (Retail Class) returned -3.44% in Q4 2025 versus the Russell Midcap Growth Index’s -3.70%.
- Fidelity cited Coherent as a leading contributor after early-November results topped expectations on AI infrastructure demand, and noted the $400 million sale of its aerospace and defense unit to Advent.
- Coherent closed at $211.00 on Feb. 4, 2026, up 21.86% over the past month and 110.03% over 12 months, with a $33.16 billion market cap and 78 hedge fund holders at Q3’s end.
- Axon was the biggest relative detractor as November earnings missed on margins despite a revenue beat, though Fidelity kept it as a top position at year-end.
- Fidelity avoided IDEXX despite a strong November update, citing concerns about the durability of its growth trajectory.