Fidelity Select Health Care Portfolio Q4 2025 Commentary

Fidelity Investments933 FollowersFollow5ShareSavePlay(11min)CommentsSummaryHealth care stocks gained 11.47% in the final quarter of 2025, topping all sectors in the broad market S&P 500 index.Against this backdrop, pharmaceuticals notched the strongest gain among the industry components of the MSCI health care index.For the final quarter of 2025, the fund gained 11.10%, modestly lagging the MSCI health care index.We are optimistic about the health care sector, as valuations still look attractive relative to the broader market.Going forward, we plan to invest in the most innovative areas of health care, where we believe the team's insights can deliver material long-term value. JuSun/iStock via Getty Images Market Review Health care stocks gained 11.47% in the final quarter of 2025, topping all sectors in the broad market S&P 500® index, which returned 2.66% the past three months. The MSCI health care index had a particularly strong advance inThis article was written byFidelity Investments933 FollowersFollowFidelity’s mission is to strengthen the financial well-being of our customers and deliver better outcomes for the clients and businesses it serves. With assets under administration of $12.6 trillion, including discretionary assets of $4.9 trillion as of December 31, 2023, Fidelity focuses on meeting the unique needs of a broad and growing customer base. Privately held for 77 years, Fidelity employs more than 74,000 associates with its headquarters in Boston and a global presence spanning nine countries across North America, Europe, Asia and Australia. Note: This account is not managed or monitored by Fidelity, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use Fidelity's official channels.