0000024238 2011-12-06 2012-12-05 0000024238 fc1:S000039220Member fc1:FfMember fc1:C000120657Member 2011-12-06 2012-12-05 0000024238 fc1:S000039221Member fc1:C000120658Member 2011-12-06 2012-12-05 0000024238 fc1:S000039221Member 2011-12-06 2012-12-05 0000024238 fc1:S000039220Member fc1:FfMember 2011-12-06 2012-12-05 0000024238 fc1:S000039220Member fc1:SeriesMember 2011-12-06 2012-12-05 0000024238 fc1:S000039220Member fc1:SeriesMember fc1:C000120656Member 2011-12-06 2012-12-05 pure iso4217:USD 485BPOS 2012-12-05 FIDELITY CONTRAFUND 0000024238 2012-12-04 2012-12-05 false 2011-12-31 0 0.0056 0 0.0004 0.006 61 192 0 0.0056 0 0.0033 0.0089 91 284 <div style="display:none">~ http://www.fidelity.com/role/ScheduleShareholderFeesFidelityAdvisorSeriesOpportunisticInsightsFund column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualFundOperatingExpensesFidelityAdvisorSeriesOpportunisticInsightsFund column period compact * ~</div> Fund Summary Fund: Fidelity Advisor® Series Opportunistic Insights Fund Investment Objective The fund seeks capital appreciation. Fee Table Shareholder fees (fees paid directly from your investment) Annual fund operating expenses (expenses that you pay each year as a % of the value of your investment) Portfolio Turnover Principal Investment Strategies Principal Investment Risks Performance Fund Summary Fund/Class: Fidelity® Series Opportunistic Insights Fund/F Investment Objective The fund seeks capital appreciation. Fee Table Shareholder fees (fees paid directly from your investment) Annual class operating expenses (expenses that you pay each year as a % of the value of your investment) This example helps compare the cost of investing in the fund with the cost of investing in other mutual funds. Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated: Portfolio Turnover The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. Principal Investment Strategies <ul><li>Normally investing primarily in common stocks.</li><li>Investing in securities of companies whose value Fidelity Management & Research Company (FMR) believes is not fully recognized by the public.</li><li>Investing in domestic and foreign issuers. </li><li>Investing in either "growth" stocks or "value" stocks or both.</li><li>Using fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.</li></ul> The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. Principal Investment Risks <ul><li>Stock Market Volatility. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market can react differently to these developments.</li><li>Foreign Exposure. Foreign markets can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. </li><li>Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. </li></ul>An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money by investing in the fund. Performance You could lose money by investing in the fund. An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Performance history will be available for the fund after the fund has been in operation for one calendar year. <ul><li>Stock Market Volatility. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market can react differently to these developments.</li><li>Foreign Exposure. Foreign markets can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. </li><li>Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole.</li></ul>An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money by investing in the fund. You could lose money by investing in the fund. An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. <ul><li>Normally investing primarily in common stocks.</li><li>Investing in securities of companies whose value Fidelity Management & Research Company (FMR) believes is not fully recognized by the public.</li><li>Investing in domestic and foreign issuers.</li><li>Investing in either "growth" stocks or "value" stocks or both.</li><li>Using fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.</li></ul> Performance history will be available for the fund after the fund has been in operation for one calendar year. Based on estimated amounts for the current fiscal year. <div style="display:none">~ http://www.fidelity.com/role/ScheduleShareholderFeesFidelitySeriesOpportunisticInsightsFundClassF column period compact * ~</div> This example helps compare the cost of investing in the fund with the cost of investing in other mutual funds. Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated: The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund. The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund. <div style="display:none">~ http://www.fidelity.com/role/ScheduleExpenseExampleFidelitySeriesOpportunisticInsightsFundClassF column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleExpenseExampleFidelityAdvisorSeriesOpportunisticInsightsFund column period compact * ~</div> Fund Summary Fund/Class: Fidelity® Series Opportunistic Insights Fund/Fidelity Series Opportunistic Insights Fund Investment Objective The fund seeks capital appreciation. Fee Table The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund. Shareholder fees (fees paid directly from your investment) Annual class operating expenses (expenses that you pay each year as a % of the value of your investment) This example helps compare the cost of investing in the fund with the cost of investing in other mutual funds. Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated: Portfolio Turnover The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. Principal Investment Strategies <ul><li>Normally investing primarily in common stocks. </li><li> Investing in securities of companies whose value Fidelity Management & Research Company (FMR) believes is not fully recognized by the public. </li><li> Investing in domestic and foreign issuers. </li><li> Investing in either "growth" stocks or "value" stocks or both. </li><li> Using fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments. </li></ul> Principal Investment Risks <ul><li>Stock Market Volatility. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market can react differently to these developments. </li><li> Foreign Exposure. Foreign markets can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. </li><li> Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. </li></ul>An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money by investing in the fund. Performance An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money by investing in the fund. Performance history will be available for the fund after the fund has been in operation for one calendar year. Based on estimated amounts for the current fiscal year. 0 0.0056 0 0.0025 0.0081 83 259 <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualClassOperatingExpensesFidelitySeriesOpportunisticInsightsFundClassF column period compact * ~</div> Based on estimated amounts for the current fiscal year. <div style="display:none">~ http://www.fidelity.com/role/ScheduleShareholderFeesFidelitySeriesOpportunisticInsightsFund column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleExpenseExampleFidelitySeriesOpportunisticInsightsFund column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualClassOperatingExpensesFidelitySeriesOpportunisticInsightsFund column period compact * ~</div> Based on estimated amounts for the current fiscal year.