Fidelity's Will Danoff Reveals Top 3 High-Conviction Stock Picks

Legendary fund manager Will Danoff's top three high-conviction stock picks for Fidelity Contrafund are Meta Platforms (17% of assets), Berkshire Hathaway (9%), and Nvidia (8%). Danoff has a winning track record over 35 years, and his picks are excellent ideas to research further. Morningstar forecasts Meta's sales to grow at a 12% CAGR for the next five years, Berkshire's B shares are worth $487 each, and Nvidia remains at the center of the AI market despite China export controls.

Legendary fund manager Will Danoff, who has managed Fidelity Contrafund for over 35 years, has identified Meta Platforms (META), Berkshire Hathaway (BRK.A, BRK.B), and Nvidia (NVDA) as his top three high-conviction stock picks. These picks, which represent significant portions of the fund's assets, are excellent ideas for investors to research further.

Meta Platforms, formerly known as Facebook, is Danoff's top holding, making up 17% of the fund's assets. Morningstar believes Meta has carved out a wide economic moat with its Family of Apps business, which includes Facebook, Instagram, WhatsApp, and Messenger. The company's dominant position in the social media landscape, coupled with its significant intangible assets and network effects, positions Meta for strong growth. Morningstar forecasts Meta's sales to grow at a 12% compound annual growth rate (CAGR) over the next five years, with a price target of $770 per share [1].

Berkshire Hathaway, Danoff's second high-conviction stock, accounts for 9% of Contrafund's portfolio. Morningstar views Berkshire's collection of businesses as a narrow economic moat. With Warren Buffett stepping down as CEO at the end of this year but remaining as chairman, Greg Abel will take over the helm. Morningstar expects Berkshire to evolve from its traditional reinvestment model to a more active capital allocation strategy [1].

Nvidia, Danoff's third high-conviction pick, represents 8% of the fund's assets. Despite China's export controls, Nvidia remains at the center of the AI market. The company's strong position in graphics processing units (GPUs) and its strategic partnerships make it a compelling investment opportunity [1].

These picks from Danoff, who has a proven track record, are worth considering for investors seeking high-conviction stock ideas. However, it is essential to conduct thorough research and consider each company's unique risks and opportunities before making investment decisions.

References:
[1] https://www.marketbeat.com/instant-alerts/filing-hm-payson-co-raises-stock-position-in-meta-platforms-inc-nasdaqmeta-2025-07-10/