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Fidelity Contrafund (FCNTX) is the fund that made Will Danoff a household name in active management.

Fidelity Contrafund built a legendary reputation by zigging while Wall Street zagged, but managing $157.8 billion forces some uncomfortable questions about whether a fund this massive can still bet against the crowd without becoming it.

Index funds were supposed to bury active management, yet one fund with $360 billion in assets keeps writing checks to private AI companies that indexers cannot touch. What Capital Group built inside AGTHX defies the obituary Wall Street already wrote.

Index funds were supposed to have buried active management for good, yet one $360 billion mutual fund keeps writing checks to private AI companies that indexers cannot even touch. The question is whether the portfolio earns that privilege or just gets lucky timing.