Comfort Systems USA (FIX) drove gains for Fidelity’s Growth Strategies Fund in Q1 2026 amid broader market volatility.
Fidelity Growth Strategies Fund returned -3.21% in Q1 2026, beating the Russell Midcap Growth Index’s -6.35% decline. The outperformance stemmed from strong stock selection, particularly in industrials, including Comfort Systems USA (FIX).
The US market opened 2026 on a positive note but fell in late February due to AI investment concerns and Middle Eastern tensions. Investors shifted toward defensive, large-cap stocks, causing value equities to outpace growth. The fund focuses on companies with competitive advantages and growth potential.
Comfort Systems USA (FIX), a provider of mechanical and electrical services, was highlighted as a top contributor to the fund’s performance during the quarter.