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Manager Skill Review · Fund (strategy-level)

FDGRX — Fidelity Growth Company Fund

ERM3 analysis of the fund's reported holdings. Residual return is the component remaining after the specified model exposures; it does not establish predictive manager skill.

Large Growth · 297 holdings · eff. N 17 · top-10 61%

Evidence
N-PORT · registered-fund holdings
Holdings as of
2026-05-31
Filed
2026-07-24
Model
ERM3 v3.0

Summary Risk Profile

Return attribution vs risk decomposition

Fidelity Growth Company Fund is a Large Growth strategy across 297 names (effective N 17, top-10 61%). Fidelity Growth Company Fund's +39.3% trailing return was led by market beta (+35.3% market); stock selection contributed +2.4%. About 6% of the trailing gross return came from stock selection versus buyable and style exposure — a exposure-driven signature (return-based, swings with the window).Beta to SPY 1.27 explains 83% of NAV variance; ERM3's multifactor model captures 96% · modeled-vs-reported NAV correlation 0.96 over 199 months.Evidence — not a recommendation.

Risk decomposition
This manager
78%
13%
Tracked-pension composite · 11 mgrs
73%
21%
MarketSectorSubsectorStyle tiltResidual risk

Cumulative return

trailing 12m · gross vs buyable
0%10%20%30%40%50%60%MayJunJulAugSepOctNovDecJanFebMarAprMay20252026
Gross +52.0%Buyable +52.4%Selection gap -0.4%

Strategy-level read from the fund's reported holdings via the RiskModels ERM3 model. Figures are gross, holdings-derived, and within-mandate. Informational use only — not investment advice.

Local-First Data Policy — Your holdings are resolved locally against our Security Master. Data never leaves your machine.

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Manager SkillAllocatorsExamplesAccessAnalyst
Checking session...

Manager Skill Review · Fund (strategy-level)

FDGRX — Fidelity Growth Company Fund

ERM3 analysis of the fund's reported holdings. Residual return is the component remaining after the specified model exposures; it does not establish predictive manager skill.

Large Growth · 297 holdings · eff. N 17 · top-10 61%

Evidence
N-PORT · registered-fund holdings
Holdings as of
2026-05-31
Filed
2026-07-24
Model
ERM3 v3.0

Summary Risk Profile

Return attribution vs risk decomposition

Fidelity Growth Company Fund is a Large Growth strategy across 297 names (effective N 17, top-10 61%). Fidelity Growth Company Fund's +39.3% trailing return was led by market beta (+35.3% market); stock selection contributed +2.4%. About 6% of the trailing gross return came from stock selection versus buyable and style exposure — a exposure-driven signature (return-based, swings with the window).Beta to SPY 1.27 explains 83% of NAV variance; ERM3's multifactor model captures 96% · modeled-vs-reported NAV correlation 0.96 over 199 months.Evidence — not a recommendation.

Risk decomposition
This manager
78%
13%
Tracked-pension composite · 11 mgrs
73%
21%
MarketSectorSubsectorStyle tiltResidual risk

Cumulative return

trailing 12m · gross vs buyable
0%10%20%30%40%50%60%MayJunJulAugSepOctNovDecJanFebMarAprMay20252026
Gross +52.0%Buyable +52.4%Selection gap -0.4%

Strategy-level read from the fund's reported holdings via the RiskModels ERM3 model. Figures are gross, holdings-derived, and within-mandate. Informational use only — not investment advice.

Local-First Data Policy — Your holdings are resolved locally against our Security Master. Data never leaves your machine.

The Engine
  • Developers
  • API
  • SDK
  • CLI
The Science
  • What's inside
  • Artifact gallery
  • Methodology wiki ↗
  • Glossary
  • ERM3 overview
  • SEC Filing Calendar
  • 13F Filers
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© 2026 RiskModels · Blue Water Macro Corp.|System Status:Operational|Holdings-based.

Informational use only — not investment advice. Blue Water Macro Corp.

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© 2026 RiskModels · Blue Water Macro Corp.|System Status:Operational|Holdings-based.

Informational use only — not investment advice. Blue Water Macro Corp.