Juul Labs is the top weighting in the Fidelity Advisor Growth Opportunities fund — the best-performing mutual fund over the last year.
in 2018, up from $200 million a year earlier. Since Juul is a private company, investors can't look at its financials in the same way they can a public one.
Its weighting in the high-performing Fidelity fund is slightly larger than the next few main holdings — Alphabet's Class C shares followed by Microsoft and Amazon shares , and Amazon shares ., the portfolio manager overseeing the fund, said in its annual report last November that stock-picking in the consumer staples sector stood out. That included"top contributor" Juul Labs.
"Sales of the company's e-cigarette devices and pods increased significantly the past 12 months, leading to a higher valuation," Weaver said.Read more:Other classes of Juul Labs stock are included in the fund as well, but at far smaller weightings. As of the fund's latest monthly report, on January 31, it contained 208 components.
Here's a snapshot of the fund's top holdings, along with their performance in the year through January 31, 2019 — when Fidelity last detailed the fund's positions in its monthly holdings report.
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