N-Q 1 MAG_main.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-1193

Fidelity Magellan Fund
 (Exact name of registrant as specified in charter)

245 Summer St., Boston, Massachusetts 02210
 (Address of principal executive offices)       (Zip code)

Scott C. Goebel, Secretary

245 Summer St.

Boston, Massachusetts 02210
(Name and address of agent for service)

Registrant's telephone number, including area code: 617-563-7000

Date of fiscal year end:

March 31

 

 

Date of reporting period:

December 31, 2014

Item 1. Schedule of Investments

Quarterly Holdings Report

for

Fidelity ® Magellan® Fund

December 31, 2014 

1.811314.110

MAG-QTLY-0215

Investments December 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.8%

Shares

Value
(000s)

CONSUMER DISCRETIONARY - 15.0%

Auto Components - 0.7%

Johnson Controls, Inc.

2,283,300

$ 110,375

Automobiles - 0.1%

Tesla Motors, Inc. (a)

108,800

24,198

Diversified Consumer Services - 1.4%

H&R Block, Inc.

2,701,000

90,970

LifeLock, Inc. (a)

3,638,902

67,356

Service Corp. International

3,259,200

73,984

 

232,310

Hotels, Restaurants & Leisure - 2.6%

Brinker International, Inc.

459,668

26,978

Buffalo Wild Wings, Inc. (a)

243,000

43,832

Chipotle Mexican Grill, Inc. (a)

155,600

106,510

Domino's Pizza, Inc.

446,300

42,028

Habit Restaurants, Inc. Class A

9,500

307

Las Vegas Sands Corp.

1,367,300

79,522

Starbucks Corp.

1,654,900

135,785

 

434,962

Household Durables - 0.4%

KB Home

2,452,200

40,584

Leggett & Platt, Inc.

510,100

21,735

 

62,319

Internet & Catalog Retail - 1.3%

Amazon.com, Inc. (a)

337,300

104,681

Groupon, Inc. Class A (a)

4,616,300

38,131

priceline.com, Inc. (a)

64,300

73,316

 

216,128

Leisure Products - 0.2%

Polaris Industries, Inc.

168,200

25,439

Media - 2.3%

Comcast Corp. Class A

3,856,400

223,710

Lions Gate Entertainment Corp. (d)

2,646,600

84,744

Starz Series A (a)

542,400

16,109

Time Warner, Inc.

598,300

51,107

 

375,670

Specialty Retail - 3.1%

GNC Holdings, Inc.

738,500

34,680

Home Depot, Inc.

2,408,300

252,799

Common Stocks - continued

Shares

Value
(000s)

CONSUMER DISCRETIONARY - continued

Specialty Retail - continued

L Brands, Inc.

668,600

$ 57,867

TJX Companies, Inc.

2,490,200

170,778

 

516,124

Textiles, Apparel & Luxury Goods - 2.9%

Coach, Inc.

1,975,700

74,207

Hanesbrands, Inc.

221,100

24,679

Kate Spade & Co. (a)

1,581,900

50,637

Michael Kors Holdings Ltd. (a)

1,476,900

110,915

NIKE, Inc. Class B

1,209,200

116,265

VF Corp.

1,451,620

108,726

 

485,429

TOTAL CONSUMER DISCRETIONARY

2,482,954

CONSUMER STAPLES - 8.1%

Beverages - 2.0%

Anheuser-Busch InBev SA NV

445,160

50,099

Molson Coors Brewing Co. Class B

593,300

44,213

Monster Beverage Corp. (a)

1,047,200

113,464

The Coca-Cola Co.

2,915,500

123,092

 

330,868

Food & Staples Retailing - 2.7%

Costco Wholesale Corp.

691,700

98,048

CVS Health Corp.

1,977,772

190,479

Kroger Co.

2,443,700

156,910

Sprouts Farmers Market LLC (a)

272,400

9,256

 

454,693

Food Products - 2.9%

Bunge Ltd.

795,550

72,323

Keurig Green Mountain, Inc.

1,286,500

170,326

Mead Johnson Nutrition Co. Class A

977,400

98,268

Mondelez International, Inc.

3,761,300

136,629

 

477,546

Personal Products - 0.5%

Herbalife Ltd.

1,968,300

74,205

TOTAL CONSUMER STAPLES

1,337,312

Common Stocks - continued

Shares

Value
(000s)

ENERGY - 6.0%

Energy Equipment & Services - 1.9%

Halliburton Co.

1,628,100

$ 64,033

Oceaneering International, Inc.

1,363,900

80,211

Schlumberger Ltd.

1,990,200

169,983

 

314,227

Oil, Gas & Consumable Fuels - 4.1%

Anadarko Petroleum Corp.

1,541,500

127,174

BG Group PLC

1,339,700

17,927

Cabot Oil & Gas Corp.

1,802,136

53,361

Cimarex Energy Co.

162,800

17,257

ConocoPhillips Co.

1,679,200

115,966

EOG Resources, Inc.

1,485,000

136,724

Marathon Petroleum Corp.

645,400

58,254

Phillips 66 Co.

797,400

57,174

Phillips 66 Partners LP

260,300

17,942

Suncor Energy, Inc.

2,704,100

85,885

 

687,664

TOTAL ENERGY

1,001,891

FINANCIALS - 17.8%

Banks - 8.2%

Bank of America Corp.

19,912,900

356,242

Citigroup, Inc.

6,017,516

325,608

JPMorgan Chase & Co.

6,342,198

396,895

U.S. Bancorp

1,272,659

57,206

Wells Fargo & Co.

4,074,855

223,384

 

1,359,335

Capital Markets - 4.4%

BlackRock, Inc. Class A

706,600

252,652

Charles Schwab Corp.

1,476,068

44,562

KKR & Co. LP

1,666,569

38,681

Morgan Stanley

3,667,668

142,306

TD Ameritrade Holding Corp.

498,176

17,825

The Blackstone Group LP

6,161,800

208,454

Virtus Investment Partners, Inc.

107,900

18,396

 

722,876

Consumer Finance - 0.8%

Capital One Financial Corp.

1,521,400

125,592

Common Stocks - continued

Shares

Value
(000s)

FINANCIALS - continued

Diversified Financial Services - 2.0%

Berkshire Hathaway, Inc. Class B (a)

2,252,766

$ 338,253

Insurance - 1.0%

American International Group, Inc.

510,300

28,582

MetLife, Inc.

1,409,521

76,241

The Chubb Corp.

625,900

64,762

 

169,585

Real Estate Investment Trusts - 1.2%

American Tower Corp.

2,008,461

198,536

Real Estate Management & Development - 0.2%

Rialto Real Estate Fund LP (e)(f)(g)

500,000

12,892

RREF CMBS AIV, LP (f)(g)(i)

500,000

22,362

RREF Midtown Colony REIT, Inc. (a)(f)(g)(h)

500,000

1,886

 

37,140

TOTAL FINANCIALS

2,951,317

HEALTH CARE - 15.9%

Biotechnology - 5.9%

Alexion Pharmaceuticals, Inc. (a)

707,460

130,901

Alkermes PLC (a)

540,013

31,623

Alnylam Pharmaceuticals, Inc. (a)

204,371

19,824

Amgen, Inc.

1,236,977

197,038

Amicus Therapeutics, Inc. (a)

562,204

4,678

Biogen Idec, Inc. (a)

365,604

124,104

BioMarin Pharmaceutical, Inc. (a)

459,900

41,575

Bluebird Bio, Inc. (a)

208,773

19,149

Celgene Corp. (a)

44,200

4,944

Clinical Data, Inc. rights 4/4/18 (a)

988,714

0

Gilead Sciences, Inc. (a)

1,855,100

174,862

Intercept Pharmaceuticals, Inc. (a)

5,600

874

Medivation, Inc. (a)

184,000

18,328

Regeneron Pharmaceuticals, Inc. (a)

271,200

111,260

Vertex Pharmaceuticals, Inc. (a)

825,500

98,069

 

977,229

Health Care Equipment & Supplies - 1.8%

Boston Scientific Corp. (a)

8,691,400

115,161

Covidien PLC

192,000

19,638

Medtronic, Inc.

2,261,200

163,259

 

298,058

Common Stocks - continued

Shares

Value
(000s)

HEALTH CARE - continued

Health Care Providers & Services - 1.7%

DaVita HealthCare Partners, Inc. (a)

1,005,000

$ 76,119

McKesson Corp.

999,700

207,518

 

283,637

Health Care Technology - 0.4%

athenahealth, Inc. (a)(d)

409,000

59,591

Life Sciences Tools & Services - 0.8%

Agilent Technologies, Inc.

1,469,500

60,161

Bruker Corp. (a)

2,875,462

56,417

Illumina, Inc. (a)

134,300

24,789

 

141,367

Pharmaceuticals - 5.3%

Actavis PLC (a)

1,004,661

258,610

Bristol-Myers Squibb Co.

2,912,200

171,907

Jazz Pharmaceuticals PLC (a)

192,300

31,485

Johnson & Johnson

1,786,600

186,825

Mallinckrodt PLC (a)

702,600

69,578

Shire PLC sponsored ADR

395,500

84,060

Teva Pharmaceutical Industries Ltd. sponsored ADR

1,212,800

69,748

Theravance, Inc.

485,253

6,866

 

879,079

TOTAL HEALTH CARE

2,638,961

INDUSTRIALS - 9.7%

Aerospace & Defense - 1.6%

Huntington Ingalls Industries, Inc.

340,533

38,296

Precision Castparts Corp.

186,300

44,876

United Technologies Corp.

1,553,000

178,595

 

261,767

Air Freight & Logistics - 1.2%

FedEx Corp.

1,041,700

180,902

Hub Group, Inc. Class A (a)

412,300

15,700

 

196,602

Airlines - 1.8%

American Airlines Group, Inc.

1,045,000

56,043

Delta Air Lines, Inc.

1,824,400

89,742

JetBlue Airways Corp. (a)(d)

4,724,000

74,923

Common Stocks - continued

Shares

Value
(000s)

INDUSTRIALS - continued

Airlines - continued

Southwest Airlines Co.

722,300

$ 30,568

Spirit Airlines, Inc. (a)

572,100

43,239

 

294,515

Building Products - 0.3%

A.O. Smith Corp.

796,800

44,947

Commercial Services & Supplies - 0.5%

ADT Corp. (d)

2,263,800

82,017

Electrical Equipment - 0.1%

Acuity Brands, Inc.

140,800

19,722

Industrial Conglomerates - 0.8%

Danaher Corp.

1,572,700

134,796

Machinery - 2.7%

Caterpillar, Inc.

735,500

67,320

Cummins, Inc.

440,870

63,560

Deere & Co.

1,506,100

133,245

Illinois Tool Works, Inc.

1,223,500

115,865

Manitowoc Co., Inc.

2,967,905

65,591

Parker Hannifin Corp.

65,800

8,485

 

454,066

Professional Services - 0.5%

Towers Watson & Co.

383,137

43,360

Verisk Analytics, Inc. (a)

535,000

34,267

 

77,627

Road & Rail - 0.2%

J.B. Hunt Transport Services, Inc.

410,400

34,576

TOTAL INDUSTRIALS

1,600,635

INFORMATION TECHNOLOGY - 22.2%

Communications Equipment - 1.4%

Juniper Networks, Inc.

2,281,500

50,923

QUALCOMM, Inc.

2,567,000

190,805

 

241,728

Electronic Equipment & Components - 0.4%

Keysight Technologies, Inc. (a)

734,750

24,813

TE Connectivity Ltd.

636,300

40,246

 

65,059

Internet Software & Services - 6.6%

Alibaba Group Holding Ltd. sponsored ADR

676,800

70,347

Common Stocks - continued

Shares

Value
(000s)

INFORMATION TECHNOLOGY - continued

Internet Software & Services - continued

Criteo SA sponsored ADR (a)(d)

450,000

$ 18,189

Facebook, Inc. Class A (a)

3,413,500

266,321

Gogo, Inc. (a)(d)

1,094,400

18,090

Google, Inc.:

Class A (a)

502,300

266,551

Class C (a)

503,900

265,253

LinkedIn Corp. (a)

79,300

18,216

Rackspace Hosting, Inc. (a)

3,006,000

140,711

Tencent Holdings Ltd.

100

1

Twitter, Inc. (a)

1,076,500

38,614

 

1,102,293

IT Services - 3.4%

Cognizant Technology Solutions Corp. Class A (a)

1,356,918

71,455

MasterCard, Inc. Class A

2,330,400

200,787

Maximus, Inc.

800,600

43,905

Visa, Inc. Class A

942,800

247,202

 

563,349

Semiconductors & Semiconductor Equipment - 0.4%

Intersil Corp. Class A

2,773,300

40,130

Skyworks Solutions, Inc.

328,300

23,871

 

64,001

Software - 5.5%

DocuSign, Inc. (a)(f)

16,185

184

HubSpot, Inc.

890,281

26,930

Intuit, Inc.

1,596,200

147,154

Microsoft Corp.

3,534,200

164,164

Mobileye NV

1,271,935

46,431

Progress Software Corp. (a)

982,447

26,546

Rovi Corp. (a)

2,415,200

54,559

salesforce.com, Inc. (a)

2,606,705

154,604

SS&C Technologies Holdings, Inc.

875,739

51,222

Symantec Corp.

3,154,000

80,916

Synopsys, Inc. (a)

1,516,400

65,918

Tableau Software, Inc. (a)

905,400

76,742

Xero Ltd. (a)(d)

1,084,410

13,661

 

909,031

Common Stocks - continued

Shares

Value
(000s)

INFORMATION TECHNOLOGY - continued

Technology Hardware, Storage & Peripherals - 4.5%

Apple, Inc.

5,721,513

$ 631,538

Hewlett-Packard Co.

2,739,500

109,936

 

741,474

TOTAL INFORMATION TECHNOLOGY

3,686,935

MATERIALS - 3.7%

Chemicals - 3.4%

CF Industries Holdings, Inc.

848,800

231,332

E.I. du Pont de Nemours & Co.

1,209,500

89,430

LyondellBasell Industries NV Class A

829,919

65,887

Monsanto Co.

846,684

101,153

Potash Corp. of Saskatchewan, Inc. (d)

2,397,900

84,767

 

572,569

Containers & Packaging - 0.3%

Rock-Tenn Co. Class A

753,300

45,936

TOTAL MATERIALS

618,505

TELECOMMUNICATION SERVICES - 0.1%

Diversified Telecommunication Services - 0.1%

Intelsat SA (a)

433,441

7,525

UTILITIES - 0.3%

Multi-Utilities - 0.3%

NiSource, Inc.

1,072,300

45,487

TOTAL COMMON STOCKS

(Cost $12,077,708)


16,371,522

Convertible Preferred Stocks - 0.6%

 

 

 

 

CONSUMER DISCRETIONARY - 0.1%

Household Durables - 0.1%

Roku, Inc.:

8.00% (a)(f)

12,145,838

15,784

Series G, 8.00% (f)

3,847,486

5,000

 

20,784

Convertible Preferred Stocks - continued

Shares

Value
(000s)

INFORMATION TECHNOLOGY - 0.5%

Internet Software & Services - 0.2%

Uber Technologies, Inc. Series D 8.00% (f)

966,928

$ 32,216

IT Services - 0.1%

Nutanix, Inc. Series E (f)

462,283

6,193

Software - 0.2%

Cloudflare, Inc. Series D (f)

571,642

3,502

DocuSign, Inc.:

Series B (f)

7,510

85

Series B-1 (f)

2,249

26

Series D (a)(f)

2,376,438

27,020

Series E (f)

139,427

1,585

 

32,218

Technology Hardware, Storage & Peripherals - 0.0%

Pure Storage, Inc. Series E (a)(f)

306,060

4,977

TOTAL INFORMATION TECHNOLOGY

75,604

TOTAL CONVERTIBLE PREFERRED STOCKS

(Cost $55,847)


96,388

Money Market Funds - 1.8%

 

 

 

 

Fidelity Cash Central Fund, 0.13% (b)

117,996,090

117,996

Fidelity Securities Lending Cash Central Fund, 0.13% (b)(c)

184,576,408

184,576

TOTAL MONEY MARKET FUNDS

(Cost $302,572)


302,572

TOTAL INVESTMENT PORTFOLIO - 101.2%

(Cost $12,436,127)

16,770,482

NET OTHER ASSETS (LIABILITIES) - (1.2)%

(195,174)

NET ASSETS - 100%

$ 16,575,308

Legend

(a) Non-income producing

(b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.\

(c) Investment made with cash collateral received from securities on loan.

(d) Security or a portion of the security is on loan at period end.

(e) Investment is owned by an entity that is treated as a corporation for U.S. tax purposes and is owned by the Fund.

(f) Restricted securities - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $133,712,000 or 0.8% of net assets.

Additional information on each restricted holding is as follows:

Security

Acquisition Date

Acquisition Cost (000s)

Cloudflare, Inc. Series D

11/5/14

$ 3,502

DocuSign, Inc.

10/21/13

$ 90

DocuSign, Inc. Series B

3/3/14

$ 99

DocuSign, Inc. Series B-1

3/3/14

$ 30

Security

Acquisition Date

Acquisition Cost (000s)

DocuSign, Inc. Series D

6/29/12 - 3/3/14

$ 11,071

DocuSign, Inc. Series E

3/3/14

$ 1,831

Nutanix, Inc. Series E

8/26/14

$ 6,193

Pure Storage, Inc. Series E

8/22/13

$ 2,121

Rialto Real Estate Fund LP

2/24/11 - 8/17/12

$ 33,049

RREF CMBS
AIV, LP

8/10/11 - 8/17/12

$ 15,528

RREF Midtown Colony REIT, Inc.

12/31/12

$ 1,423

Roku, Inc. 8.00%

5/7/13

$ 11,000

Roku, Inc.
Series G, 8.00%

10/1/14

$ 5,000

Uber Technologies, Inc. Series D, 8.00%

6/6/14

$ 15,000

(g) Affiliated company

(h) Investment represents the Fund's ownership interest in a real estate investment trust, which is under common ownership and management with Rialto Real Estate Fund, LP.

(i) Investment represents the Fund's ownership interest in a limited partnership, which is under common ownership and management with Rialto Real Estate Fund, LP.

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund

Income earned
(Amounts in
thousands)

Fidelity Cash Central Fund

$ 120

Fidelity Securities Lending Cash Central Fund

1,139

Total

$ 1,259

Other Affiliated Issuers

An affiliated company is a company in which the Fund has ownership of at least 5% of the voting securities. Fiscal year to date transactions with companies which are or were affiliates are as follows:

Affiliate
(Amount in
thousands)

Value, beginning of period

Purchases

Sales
Proceeds

Dividend
Income

Value,
end of
period

Rialto Real Estate Fund LP

$ 24,313

$ -

$ -

$ 9,711

$ 12,892

RREF CMBS AIV, LP

20,125

-

-

4,411

22,362

RREF Midtown Colony REIT, Inc.

1,447

-

-

-

1,886

Total

$ 45,885

$ -

$ -

$ 14,122

$ 37,140

Other Information

The following is a summary of the inputs used, as of December 31, 2014, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section at the end of this listing.

Valuation Inputs at Reporting Date:

Description
(Amounts in thousands)

Total

Level 1

Level 2

Level 3

Investments in Securities:

Equities:

Consumer Discretionary

$ 2,503,738

$ 2,482,954

$ -

$ 20,784

Consumer Staples

1,337,312

1,287,213

50,099

-

Energy

1,001,891

983,964

17,927

-

Financials

2,951,317

2,914,177

-

37,140

Health Care

2,638,961

2,638,961

-

-

Industrials

1,600,635

1,600,635

-

-

Information Technology

3,762,539

3,613,389

73,362

75,788

Materials

618,505

618,505

-

-

Telecommunication Services

7,525

7,525

-

-

Utilities

45,487

45,487

-

-

Money Market Funds

302,572

302,572

-

-

Total Investments in Securities:

$ 16,770,482

$ 16,495,382

$ 141,388

$ 133,712

Income Tax Information

At December 31, 2014, the cost of investment securities for income tax purposes was $12,458,690,000. Net unrealized appreciation aggregated $4,311,792,000, of which $4,505,540,000 related to appreciated investment securities and $193,748,000 related to depreciated investment securities.

Investment Valuation

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. In accordance with valuation policies and procedures approved by the Board of Trustees (the Board), the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Fidelity Management & Research Company (FMR) Fair Value Committee (the Committee), in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and is responsible for approving and reporting to the Board all fair value determinations. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. Utilizing these techniques may result in transfers between Level 1 and Level 2. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.

For additional information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.

Quarterly Report

The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.

Quarterly Report

Item 2. Controls and Procedures

(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Magellan Fund's (the "Trust") disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.

(a)(ii) There was no change in the Trust's internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the Trust's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Trust's internal control over financial reporting.

Item 3. Exhibits

Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Fidelity Magellan Fund

By:

/s/Kenneth B. Robins

 

Kenneth B. Robins

 

President and Treasurer

 

 

Date:

March 2, 2015

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:

/s/Kenneth B. Robins

 

Kenneth B. Robins

 

President and Treasurer

 

 

Date:

March 2, 2015

By:

/s/Howard J. Galligan III

 

Howard J. Galligan III

 

Chief Financial Officer

 

 

Date:

March 2, 2015