See which Fidelity funds invested in SpaceX

September 8, 2016 – 08:55 pm

Fidelity has disclosed which of its mutual funds hold stakes in SpaceX.

Elon Musk, CEO of SpaceX, introduced the SpaceX Dragon V2 in Hawthorne on Sept. 16. (Jae C. Hong/AP)

In late January, Fidelity and Google announced they had invested a total of $1 billion to acquire almost 10 percent of Elon Musk’s privately held reusable-rocket company. Google later disclosed its share was $900 million, leaving Fidelity with $100 million.

In their monthly portfolio updates, five Fidelity funds showed SpaceX holdings. All are growth-oriented funds and each invested about 0.04 percent of its assets in SpaceX.

Contrafund, Fidelity’s largest actively managed fund with about $113 billion in assets, invested $43, 239, 334 in SpaceX. The other funds, and their SpaceX investments, are:

Fidelity OTC — $4, 805, 386

Fidelity Advisor New Insights — $11, 251, 375

Fidelity Blue Chip Growth — $7, 535, 076

Fidelity Growth Co. (closed to new investors) — $16, 752, 739

Fidelity’s remaining investment in SpaceX, roughly $16.4 million, is spread among “series” funds that are only available in fund-of-funds, such as its target-date retirement funds.


Source: blog.sfgate.com

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