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Fidelity Magellan's Tech Stake Falls in Sell-Off

Other big Fidelity funds' financial holdings increase.

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The technology stock stake of Fidelity Investments' flagship Magellan fund (FMAGX) shrank by nearly 5 percentage points amid the September swoon of the Nasdaq Composite, according to the Boston fund family's October Mutual Fund Guide.

Meanwhile, the financial sector stakes of three of Fidelity's other big funds--Fidelity (FFIDX), Contrafund (FCNTX), and Puritan (FPURX)--continued to increase.

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Dan Culloton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.