Fidelity Select Technology Portfolio (FSPTX), a mutual fund, recently released their Q4 2024 review on Seeking Alpha. The fund, which focuses on investing in technology companies, had a strong performance for the quarter.
The fund’s top holdings include big names such as Apple, Microsoft, Amazon, Alphabet, and Meta Platforms. These companies have shown consistent growth in the technology sector and have contributed to the fund’s overall success.
In terms of performance, FSPTX outperformed the S&P 500 index in the fourth quarter of 2024. The fund returned 12.5% during this period, compared to the S&P 500’s 10% return. This performance can be attributed to the strong performance of its top holdings and the overall strength of the technology sector.
Investors in FSPTX have seen solid returns over the past year, with the fund returning an impressive 45.6% in 2024. This return has outpaced many other technology-focused mutual funds and highlights the fund’s ability to pick winning stocks in the sector.
Looking ahead, FSPTX remains optimistic about the prospects for technology companies in 2025. The fund sees continued growth opportunities in areas such as cloud computing, e-commerce, and artificial intelligence. With its strong track record and focus on top-performing technology companies, FSPTX is well positioned to continue delivering strong returns for its investors.
Overall, the review of Fidelity Select Technology Portfolio (FSPTX) for Q4 2024 highlights the fund’s strong performance, focus on top technology companies, and potential for continued success in the technology sector. Investors looking to capitalize on the growth of technology companies may find FSPTX to be a promising investment option.
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