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10 Stocks That Fidelity Funds Are Buying

Fidelity also bought 5.5 million shares of Microsoft building its stake to 14.6 million shares and doubled down on U.S. Bancorp (USB) with a stake that is now at just under 9 million shares.

Contrafund manager William Danoff soured on gold stocks this year, trimming stakes in Newcrest Mining (NCM ), Goldcorp (G) and Eldorado Gold (GLD).

The fund also cut back its Gilead Sciences (GILD) stake by almost 50%, although it still holds 7 million shares of the drug developer.

The $26 billion Low-Priced Stock Fund, with 931 stocks and up 11.6% this year, also made a big buy of Microsoft, adding 7.2 million shares to what was already the fund's second-largest position. It also bought 7.2 million shares of Staples (SPLS), building its stake in the office-products chain to 22 million shares.

Fidelity is Staples' biggest shareholder, with just over 4% of its shares.

The $12 billion Fidelity Blue-Chip Growth Fund (FBGRX), up 17.5% this year, had no new purchases among its top holdings, but added 2 million Microsoft shares to bring its stake to over 7 million, and picked up 46,000 shares of Qualcomm.

Other big purchases of Blue-Chip Growth, on a relative basis, was 1.4 million shares of data-storage firm Netapp (NTAP), 1.4 million shares of Comcast, and 1.1 million shares of Ingersoll-Rand (IR), to bring its stake in the industrial machinery maker to 1.7 million shares.

The $8 billion, 513-stock Fidelity Dividend Growth Fund (FDGFX), up 13% this year, also bulked up on Microsoft, adding 1.1 million shares to a stake of 2.6 million and upped its holding in Ardea Biosciences (RDEA) by about 60% to 1.1 million shares. It had no new positions in its top 100 holdings.

The $952 million Fidelity Large Cap Stock Fund (FLCSX), up 12.8% this year, made no real significant portfolio changes in its top 100 holdings in the 222-stock portfolio.

The following is a synopsis of 10 of the companies that Fidelity funds have added recently, in inverse order of share-price return this year:

10. U.S. Bancorp (USB)

Company profile: U.S. Bancorp, with a market value of $60 billion, is the fifth-largest bank, by assets in the U.S., with assets of $340 billion.

Dividend Yield: 2.49%

Investor takeaway: Its shares are up 15% this year and have a three-year, average annual return of 22%. Analysts give its shares seven "buy" ratings, six "buy/holds," 17 "holds," one "weak hold," and one "sell," according to a survey of analysts by S&P.

9. Staples (SPLS)

Company profile: Staples, with a market value of $11 billion, is the leading operator of office-products superstores with about 2,300 units in the U.S. and internationally.

Dividend Yield: 2.74%

Investor takeaway: Its shares are up 15% this year and have a three-year, average annual loss of 7%. Analysts give its shares seven "buy" ratings, five "buy/holds," seven "holds," and two "weak holds," according to a survey of analysts by S&P.

8. NetApp (NTAP)

Company profile: NetApp, with a market value of $16 billion, is a provider of storage hardware, software and services to a variety of enterprise customers.

Dividend Yield: N/A

Investor takeaway: Its shares are up 18% this year and have a three-year, average annual return of 36%. Analysts give its shares 12 "buy" ratings, six "buy/holds," 16 "holds," and one "weak hold," according to a survey of analysts by S&P.

7. Microsoft (MSFT)

Company profile: Microsoft, with a market value of $255 billion, developed and sells the Windows PC operating system and the Office suite of productivity software, among other products. The company faces a challenge in the impending move to cloud computing by most users because Web-based applications will be managed there, a threat to the Windows PC operating system.

Dividend Yield: 2.57%

Investor takeaway: Its shares are up 20.5% this year and have a three-year, average annual return of 19%. Analysts give its shares 14 "buy" ratings, eight "buy/holds," and 13 "holds," according to a survey of analysts by S&P. Company-wide, Fidelity owns just over 1% of Microsoft's shares, making it the eighth-largest shareholder.

6. Wells Fargo (WFC)

Company profile: Wells Fargo, with a market value of $278 billion, is a bank holding company that provides banking, insurance, investment, mortgage and consumer-finance services throughout North America.

Dividend Yield: 2.61%

Investor takeaway: Its shares are up 22% this year and have a three-year, average annual return of 21%. Analysts give its shares 14 "buy" ratings, nine "buy/holds," eight "holds," and one "sell," according to a survey of analysts by S&P.

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