The Fidelity Select Technology Portfolio (FSPTX) had a successful fourth quarter in 2024, according to a review on Seeking Alpha. The mutual fund, which focuses on technology stocks, saw a strong performance during this period.
The portfolio’s top holdings included tech giants like Apple, Microsoft, and Amazon, which contributed to its overall success. These companies have continued to thrive in the rapidly changing technology sector, resulting in positive returns for investors in FSPTX.
One of the standout performers for the fund in Q4 was semiconductor manufacturer Nvidia, which saw a significant increase in its stock price. This helped boost the overall performance of FSPTX and provided investors with a solid return on their investment.
In addition to individual stock holdings, the fund also benefited from its diversification across various technology sectors. This strategy helped mitigate risks and capitalize on opportunities in different areas of the market.
Looking ahead, the review noted that FSPTX is well-positioned to continue its strong performance in the coming months. With the tech sector expected to remain a key driver of growth in the market, the fund’s focus on this area bodes well for future returns.
Overall, the Fidelity Select Technology Portfolio had a successful fourth quarter in 2024, with strong performance from its top holdings and a diversified approach to investing in the tech sector. Investors in FSPTX can look forward to continued growth and potential returns in the future.
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