FMAGX Performance — Fidelity Magellan Fund
Data updated: 2026-08-24
FMAGX returned +7.69% year to date and +7.42% over one year to Jun 2026. Annualised returns are +18.94% over 3 years and +10.64% over 5 years. Against its US Large Blend category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $168, against $157 for the category, and to $107 over one year, against $118. Volatility over the past three years was 15.41% a year. In the 12 months to Jun 2026 the fund lost a net $780.0M, and assets reached $37.77B.
FMAGX Growth of $100
What $100 invested in Fidelity Magellan Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Blend category average over the same months.
| Period | FMAGX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $107 | $118 |
| 3 years (Jul 2023 – Jun 2026) | $168 | $157 |
| 5 years (Jul 2021 – Jun 2026) | $166 | $161 |
| Since data start (Jul 2019 – Jun 2026) | $259 | $229 |
FMAGX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +7.69% |
| 1 year | +7.42% |
| 3 years (annualised) | +18.94% |
| 5 years (annualised) | +10.64% |
FMAGX Annual Returns
Calendar-year total returns of Fidelity Magellan Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +7.69% |
| 2025 | +10.56% |
| 2024 | +28.01% |
| 2023 | +30.96% |
| 2022 | −27.09% |
| 2021 | +26.96% |
| 2020 | +28.36% |
| 2019 (Jul–Dec) | +9.07% |
FMAGX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.5% | −2.0% | −6.1% | +12.9% | +2.9% | +0.3% | — | — | — | — | — | — |
| 2025 | +4.2% | −3.1% | −6.8% | +2.7% | +8.8% | +5.3% | +2.4% | −0.8% | +1.2% | −0.2% | −1.6% | −1.1% |
| 2024 | +4.0% | +8.2% | +3.2% | −3.9% | +4.5% | +5.2% | −0.4% | +1.7% | +1.9% | −1.1% | +5.2% | −2.9% |
| 2023 | +6.9% | −2.3% | +3.9% | +0.7% | +1.8% | +6.6% | +2.1% | +0.4% | −5.0% | −1.9% | +10.6% | +4.4% |
| 2022 | −10.8% | −4.4% | +3.8% | −10.5% | −0.8% | −6.5% | +12.2% | −6.3% | −10.3% | +5.9% | +6.5% | −6.6% |
| 2021 | −3.1% | +0.9% | +2.7% | +6.9% | −1.1% | +4.9% | +4.2% | +3.7% | −5.5% | +8.5% | +1.0% | +1.8% |
| 2020 | +2.8% | −7.0% | −9.7% | +12.9% | +7.0% | +2.5% | +7.4% | +7.4% | −3.6% | −3.5% | +8.1% | +3.3% |
| 2019 | — | — | — | — | — | — | +1.9% | +0.5% | −0.7% | +1.2% | +3.6% | +2.3% |
FMAGX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 15.41%
- 3-year Sharpe ratio: 0.94 (vs 4.5% risk-free rate)
- Best month: +12.88% (Apr 2026)
- Worst month: −6.75% (Mar 2025)
FMAGX Fund Flows
Monthly money in and out of Fidelity Magellan Fund, from SEC Form N-PORT.
- 12-month net flow: −$780.0M
- 12-month gross sales (incl. reinvestments): $3.2B
- Sales ÷ redemptions: 0.80×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $68.8M | $275.0M | −$206.2M |
| May 2026 | $781.8M | $321.3M | $460.5M |
| Apr 2026 | $73.5M | $289.0M | −$215.5M |
| Mar 2026 | $106.9M | $417.2M | −$310.3M |
| Feb 2026 | $102.0M | $259.6M | −$157.6M |
| Jan 2026 | $130.5M | $306.0M | −$175.5M |
| Dec 2025 | $1.6B | $493.5M | $1.1B |
| Nov 2025 | $41.2M | $346.8M | −$305.6M |
| Oct 2025 | $67.9M | $286.0M | −$218.2M |
| Sep 2025 | $76.0M | $263.4M | −$187.4M |
| Aug 2025 | $62.5M | $473.6M | −$411.1M |
| Jul 2025 | $87.9M | $246.1M | −$158.3M |
FMAGX Assets Under Management
Net assets of Fidelity Magellan Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $37.77B |
| 2026-03-31 | $33.07B |
| 2025-12-31 | $36.44B |
| 2025-09-30 | $38.59B |
| 2025-06-30 | $38.29B |
| 2025-03-31 | $33.58B |
| 2024-12-31 | $36.14B |
| 2024-09-30 | $36.27B |
| 2024-06-30 | $35.20B |
| 2024-03-31 | $33.46B |
| 2023-12-31 | $29.12B |
| 2023-09-30 | $26.07B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.