•Portfolio Manager Will Danoff is pleased with the fund's strong outperformance of the benchmark the past six months. The legendary investor offers advice for investors, his thoughts on the market, and why it’s important to stay around young people. Danoff: Yes, we've had a long run since the bottom of the spring of 2009, earnings have more than doubled, stocks have more than tripled. Bull and bear markets come and go, but great companies – those that can grow across different market environments – stand the test of time. Objective. ET (English) Register. Will Danoff, portfolio manager of Fidelity’s Contrafund, is arguably a more impressive investor than Peter Lynch. He owns hundreds of stocks but tends to concentrate investments in … Mutual funds sponsored by Fidelity Investments Canada ULC are only qualified for sale in the provinces and territories of Canada. Bloomberg Opinion columnist Barry Ritholtz speaks with Will Danoff, who is the Contrafund portfolio manager at Fidelity. The indicated rates of return are the historical annual compounded total returns including changes in unit value and the reinvestment of all distributions and do not take into account sales, redemption, distribution, optional charges or income taxes payable by any security holder that would have reduced returns. Speak to an advisor about how Will’s funds can help your portfolio grow. William Danoff B.A., Harvard University, 1982; M.B.A., University of Pennsylvania - The Wharton School, 1986; Currently Managing. 30 years of managing Fidelity® Contrafund®. The New … Listen to Masters in Business episodes free, on demand. Will Danoff, Portfolio Manager, Fidelity Contrafund Gain insights on navigating change and making smart investments Seth Klarman, CEO and Portfolio Manager of The Baupost Group LLC Eric Lander, PhD, President and Founding Director of Broad Institute Fidelity Insights Class invests in units of Fidelity Insights Investment Trust, which is managed by Will Danoff. A $10K investment in the fund in 1990 would be worth over 2 times that of a hypothetical investment in its benchmark over the same period. Mr. Danoff, 49, began his career at Fidelity in 1986 as a research analyst and became manager of the Fidelity Select Retailing Portfolio that year. Join us for a live Q&A with portfolio manager Will Danoff, manager of Fidelity Insights Fund, as he discusses his outlook for the U.S. and global markets. Seeks capital appreciation. It is not possible to invest in an index. As a privately owned firm, we have been providing investment solutions and innovations to our clients for more than 70 years. Will Danoff is the portfolio manager of both of the large-cap stock funds and has led the Contrafund to market-beating returns since 1990. Since he assumed the portfolio in September 1990, Contrafund has had an annualized 12.7% return to December 2016, beating the benchmark S&P 500 Index by … Portfolio Manager Will Danoff reflects on lessons learned over the past three decades, and discusses why he is excited for what's to come. Will Danoff is a bottom-up stock picker in the traditional sense. The subject line of the email you send will be "Fidelity.com: ", Will is dedicated to the long-term benefits of active management. Article content. A core equity holding that seeks to identify companies that the portfolio manager believes will offer sustained, above-average earnings growth. Insights from Fidelity’s portfolio managers. Will Danoff manages Fidelity Contrafund (FCNTX), the largest actively managed equity mutual fund in the United States with a portfolio worth of … © 2018 Fidelity Investments Canada ULC. With over 800 investment professionals worldwide, Fidelity takes local market knowledge, identifies real opportunities and makes them available to you here at home. Will runs a number of Fidelity equity strategies, best known of which is Fidelity Contrafund, a mutual fund he has been managing since September 1990. Portfolio Manager Will Danoff personally meets with hundreds of companies each year to help uncover the best investment opportunities. As manager of one of the world’s largest actively managed mutual funds, Will personally meets with hundreds of companies each year. This includes companies that have shown a strong competitive position, high returns on capital, and solid free cash flow generation, as well as management teams that have been stewards of shareholder capital. Time: 11:30 a.m. - 12:00 p.m. Will Danoff joined Fidelity in 1986 as an equity analyst and later served as a portfolio assistant Ideally, get your lawn mowing savings or whatever savings you’ve got and even with a thousand dollars, you can buy a couple shares of your favorite companies. By using this service, you agree to input your real email address and only send it to people you know. Fidelity Global Growth and Value Class invests in units of Fidelity Global Growth and Value Investment Trust, which is co-managed by Will Danoff, Joel Tillinghast and Salim Hart. All rights reserved. Please see additional standard performance information. Register or log in to fidelity.ca to learn more about Will and his investment approach. By using or logging in to this website, you consent to the use of cookies as described in our privacy policy. Current performance may be higher or lower than what is quoted, and investors should visit Fidelity.com/performance for most recent month-end performance. So, start a paper portfolio and start investing. This chart is not intended to imply any future performance of the investment product. If you buy other series of Fidelity funds, the performance will vary largely due to different fees and expenses. Mutual funds are not guaranteed; their values change frequently and past performance may not be repeated. William Danoff (born 1959–60) is a vice-president and portfolio manager of Fidelity Contrafund, since 1990. Last October, the Wall Street Journal hailed Danoff as "The $108-billion Man Who Has Beaten the Market." During his nearly 30-year tenure, the Fidelity Contrafund has outperformed the S&P 500 in 100% of rolling 10-year time periods. Danoff: Yeah, Paul, managing a $100 billion-plus fund is harder than managing a smaller fund. This week, we speak with Fidelity ‘s Will Danoff, who manages the firm’s storied Contrafund.The large-cap growth fund has $139 billion in assets under management. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. For now, the Covid-19 pandemic has been a boon to Danoff’s portfolio, validating his long-term bets on software, social media, cloud computing and digital payments. Information that you input is not stored or reviewed for any purpose other than to provide search results. On average, the Fidelity Contrafund has beaten the S&P 500 Index by 3.24% per year. At the time, Danoff owned 500 stocks. Investors who buy Series F pay investment management fees and expenses to Fidelity. Virtual Assistant is Fidelity’s automated natural language search engine to help you find information on the Fidelity.com site. During his nearly 30-year tenure, the Fidelity Contrafund has outperformed the S&P 500 in 100% of rolling 10-year time periods. © 2018 Fidelity Investments Canada ULC. However, Danoff’s tech-heavy portfolio is missing TSLA, which is perhaps the hottest stock of 2020, and he regrets it. With nearly 35,000 meetings logged in his career, Will has forges a deep understanding of what it takes to deliver strong growth over the long term. Fidelity Investments is a registered trademark of Fidelity Investments Canada ULC. This site is for persons in Canada only. Bloomberg Opinion columnist Barry Ritholtz speaks with Will Danoff, who is the Contrafund portfolio manager at Fidelity. Investment solutions for institutional investors, Execution, clearing, custody and back-office solutions for brokerage firms and portfolio managers. As with any search engine, we ask that you not input personal or account information. Fidelity Investments' superstar portfolio manager Will Danoff has a new partner helping him run $120 billion in assets and there is a chance this … We’ve invested in unparalleled research, bottom-up fundamental analysis, product innovation and our people. All information you provide will be used by Fidelity solely for the purpose of sending the email on your behalf. Fidelity is one of the world’s largest providers of financial services. Portfolio Manager Will Danoff is pleased with the fund's strong outperformance of the benchmark the past six months. Will Danoff on Innovation and Investments (Podcast) September 11, 2020 — 7:46 AM PDT Bloomberg Opinion columnist Barry Ritholtz speaks with Will Danoff, who is the Contrafund portfolio … That's worked for me. Will has over 32 years of experience and has been a portfolio manager since 1990. Used with permission of Morningstar. Past performance is not guarantee of future results. Read a fund's or pool's prospectus and consult your financial advisor before investing. Strategy Investing in securities of companies whose value FMR believes is not fully recognized by the public. Responses provided by the virtual assistant are to help you navigate Fidelity.com and, as with any Internet search engine, you should review the results carefully. •Will continued to follow his longstanding strategy of owning "best of breed" companies with what he considers superior earnings growth, proven management teams and sustainable competitive advantages. Copyright 1998-2020 FMR LLC. Important legal information about the email you will be sending. Danoff has made tweaks to the process through the years to accommodate its size, including trading less often, owning fewer mid- and small-cap names, and maintaining a portfolio … Performance data shown represents past performance and is no guarantee of future results. Fidelity’s Will Danoff Looks Back on 30 Years at Contrafund. Will Danoff, Fidelity ® Contrafund ® Will is dedicated to the long-term benefits of active management. Danoff was influenced by Peter Lynch who had ~1,000 stocks and Joel Tillinghast still owns many, many stocks. The Fidelity Contrafund is an actively managed domestic equity fund that seeks long-term growth of capital and can be an appropriate core equity holding for investors seeking broad exposure to companies we think have "best-of-breed" qualities and are underappreciated by other investors. Forget future earnings, says Will Danoff, portfolio manager at Fidelity. © 2018 Morningstar Research Inc. All Rights Reserved. Investment return and principal value will fluctuate, so investors may have a gain or loss when shares are sold. Investors will also pay their dealer a fee for financial advice services in addition to the Series F fees charged by Fidelity. Will continued to follow his longstanding strategy of owning "best of breed" companies with what he considers superior earnings growth, proven management teams and sustainable competitive advantages. Danoff believes his investment style works well for a big portfolio with a long-term horizon. McDonalds could bounce around, but Danoff thinks that over 10 years it will be a great holding. Date: Monday, April 20, 2020. †The chart above illustrates the performance of a hypothetical $10,000 investment made in the fund and a benchmark during managers tenure. Will Danoff manages $230 billion for Fidelity Investments, with more than half of that in the Contrafund FCNTX, +0.51%, a massive mutual fund … The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. All Rights Reserved. Benchmark returns include reinvestment of capital gains and dividends, if any, but do not reflect any fees or expenses. Learn about Fidelity’s active equity exchange-traded funds (ETFs). Please use the following code to … Timely insights from Fidelity’s portfolio managers and analysts on navigating volatility and long-term investing. During his 30-year manager tenure, the Fidelity® Contrafund® (FCNTX) has averaged an incredible 13.69% annualized average return, more than 3% greater than the annual returns from the benchmark S&P 500 Index.*. Asked about Pepsi and why Coke is in Danoff’s portfolio and not Pepsi: Danoff replied likes the brand of Coke better than Pepsi, which is more about Frito-Lay. The Fidelity Contrafund is a large-cap growth fund with $139 billion in assets under management. It is a violation of law in some jurisdictions to falsely identify yourself in an email. All rights reserved. Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917, (Separate multiple email addresses with commas). The company declined to tell Reuters how many people were entitled to the biggest payouts from F-Prime. A combined growth and value approach that provides diversification across sectors, market capitalizations and regions, and offers the potential for strong risk-adjusted returns. Fidelity does not provide legal or tax advice, and the information provided is general in nature and should not be considered legal or tax advice. Fidelity Investments is a registered trademark of Fidelity Investments Canada ULC. Fidelity does not guarantee accuracy of results or suitability of information provided. Investors will pay management fees and expenses, may pay commissions or trailing commissions and may experience a gain or loss. And he decided to look at the bottom 300 stocks and decide up or out (of the portfolio). As manager of the US$100-billion-plus Fidelity Contrafund — the largest actively-managed stock or bond mutual fund run by a single person — Danoff meets with upward of 1,000 companies every year. Our guest this week is Will Danoff. You may have a gain or loss when you sell your shares. What matters is now. Investments in foreign securities involve greater risk than U.S. investments. He just has more riding on his judgment than most. Insights from Fidelity’s portfolio managers Market corrections occur, so staying the course with a skilled manager may benefit shareholders over the long term. During Will Danoff’s tenure, Contrafund has outperformed the S&P 500 Index in 100% of rolling 10-year time periods.‡. Danoff mentioned that Coca-Cola has a great distribution network and has pushed innovation. In an ever-changing and complex financial services world, we’re committed to developing quality products that provide long-term value. Please see additional standard performance information. Read our privacy policy. 9/17/1990-9/30/2020. I'm trying to upgrade the quality of my portfolio in this downturn. Used with permission of The Wall Street Journal, October 21, 2016. https://bostoninvestmentconference.com/speakers/will-danoff Stock values fluctuate in response to the activities of individual companies, and general market and economic conditions. Will Danoff joined Fidelity in 1986 as an equity analyst and later served as a portfolio assistant on Fidelity Magellan Fund, managed by renowned investor Peter Lynch. The value of the fund's domestic and foreign investments will vary from day to day in response to many factors. During his 30-year manager tenure, the Fidelity ® Contrafund ® (FCNTX) has averaged an incredible 13.69% annualized average return, more than 3% greater … At US$129 billion, Contrafund is the largest actively managed stock or bond mutual fund run by one person. Will Danoff. 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