Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Fidelity Growth Strategies Fund Gained from its Underweight Exposure in MongoDB (MDB)

Fidelity Investments, an investment management company, released its “Fidelity Growth Strategies Fund” second quarter 2024 investor letter. A copy of the letter can be downloaded here. The strategy returned -2.39% in the quarter, modestly outpacing the benchmark Russell Midcap Growth Index’s -3.21% return. Security selection drove the outperformance of the strategy in the quarter. In addition, please check the fund’s top five holdings to know its best picks in 2024.

Fidelity Growth Strategies Fund highlighted stocks like MongoDB, Inc. (NASDAQ:MDB), in the second quarter 2024...