Peter Lynch

Known holdings

Each line names its source. Where a size is given it’s as reported at the time.

Record

• Magellan averaged a 29.2% annual return while Lynch ran it (1977–1990); the S&P 500 averaged about 14% a year over 1977–1990. Fund total return, i.e. after fund expenses; the source does not say whether sales loads are deducted. (The Motley Fool, 2 Oct 2026 (figures not sourced in the article; the 29.2% figure is also given in The Intelligent Investor, 2003 ed., per Wikipedia))
• $1,000 invested in Magellan in 1977 was worth $28,000 when Lynch stepped down in May 1990. (Museum of American Finance, Peter Lynch biography)
• Over the 1980s Magellan gained 1,200%, and it rose 32% in 1989. Assets grew from $35 million to $12 billion over the decade, with about a million shareholders. (Andrew Leckey, Deseret News, 7 Jan 1990)
• Lynch took over the fund in May 1977 with about $20 million in assets and left it with about $14 billion. (PBS Frontline, 'Betting on the Market', Peter Lynch interview)

About

• Born 19 January 1944 in Newton, Massachusetts. (en.wikipedia.org)
• Studied at Boston College on a partial caddie scholarship, served two years in the US Army, and earned an MBA at the Wharton School. (pbs.org)
• Worked a summer at Fidelity in 1966 and later joined as an analyst on $16,000 a year. (pbs.org)
• Managed Fidelity Magellan from May 1977 to May 1990, and by 1983 it was the largest fund. He later became vice chairman of Fidelity Management & Research. (moaf.org)
• Retired from Magellan in 1990, aged 46. (pbs.org)

Magellan owned more than 1,400 stocks in 1990, so this is a small, documented part of the portfolio. The profit figures are from Beating the Street (p.135).

Past returns don’t predict future ones. Nothing here is investment advice.

Books and letters

• One Up on Wall Street Peter Lynch with John Rothchild, 1989 · book
• Beating the Street Peter Lynch with John Rothchild, 1993 · book
• Peter Lynch interview, 'Betting on the Market' (PBS Frontline) PBS Frontline, 1997 · talk
• Magellan fund manager hopes to keep the edge in '90s Andrew Leckey (Deseret News), 1990 · article