Fidelity Large Cap StockFLCSX

This manager's conviction has paid off in 2009, but we'd still pass on Fidelity Large Cap Stock.

This fund's 2009 returns have been hard to ignore. Its 42% year-to-date return through Oct. 27, 2009, is nearly twice that of the S&P 500 Index and 14 percentage points ahead of the typical large-growth fund.  Read more 

Manager Matthew Fruhan likes to own both steady growers and more economically sensitive names and attempts to buy them when they trade cheaply relative to their growth prospects. It's his first time running a diversified mutual fund, so he is limiting sector bets versus the fund's benchmark, the S&P 500, until he develops more expertise across a broad range of sectors.  Read more 

On May 2, 2005, Matthew Fruhan replaced Karen Firestone, who had managed this fund since April 1998. (She left the firm to start a hedge fund.) Fruhan previously ran several of Fidelity's sector funds, including Select Financial Services FIDSX for one year, Select Defense & Aerospace FSDAX from 2001 to 2004, and Select Food & Agriculture for one year.  Read more 

The manager who has run this fund since May 2005 has kept the fund near the line between large growth and large blend. He buys a mix of steady growers and more economically sensitive names.  Read more