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Fidelity Magellan Fund (FMAGX) proxy voting record 2026
Three of its ballots from this season. Vote first, then see what it did with the shares your savings paid for.
The question on the ballot
As filed
Fidelity Magellan Fund files this fund's proxy votes with the SEC once a year. This is what it did with the shares your retirement savings paid for.
SourceProxy-voting record filed by Fidelity Magellan Fund on 2026-08-27 · open the filing
TickersFMAGX, FMGKX (Class K), FMASX (Fidelity Advisor Magellan Fund: Class Z), FMAOX (Fidelity Advisor Magellan Fund: Class I), FMAEX (Fidelity Advisor Magellan Fund: Class A), FMAJX (Fidelity Advisor Magellan Fund: Class M), FMANX (Fidelity Advisor Magellan Fund: Class C) · share classes of one fund, with one proxy-voting record · as listed in its latest SEC filing of proxy votes
How it voted, by issue
Fund companies sometimes file the same proposal under different subjects. So that funds can be compared, each proposal is counted under the subject most of the filings we read gave it, the same for every fund on this site. Counted by this fund’s own filing alone, 1 of its 48 shareholder proposals would sit under a different issue, or under none. On management's own executive pay resolutions, this fund voted in favour 93.3% of the time across 30 votes.
| Issue | Proposals faced | Backed | Share backed |
|---|---|---|---|
| Climate & environment | 10 | 2 | 20% |
| Workers & human rights | 4 | 0 | 0% |
| Executive pay | 1 | 1 | 100% |
| Corporate governance | 17 | 2 | 11.8% |
| Other social issues | 16 | 1 | 6.3% |
Ballots it voted
NVIDIA Corporation · 24 June 2026 · put on the ballot by shareholder · Climate & environment
Should Nvidia publish a fuller account of its emissions and how it plans to cut them?
Shareholders asked the company to disclose its greenhouse gas emissions more completely, or to have its reduction targets independently assessed, so that the plan can be checked rather than taken on trust.
AGAINST Fidelity Magellan Fund voted with 20,158,835 shares
“Approval of a non-binding stockholder proposal requesting reporting on greenhouse gas emissions from the use of our sold products.”
SourceFidelity Magellan Fund · accession 0000061397-26-000116 · series S000007112 · open the filing
Amazon.com, Inc. · 20 May 2026 · put on the ballot by shareholder · Climate & environment
Should Amazon.com report what its data centres do to its climate commitments?
Shareholders asked for a report on the electricity and water its data-centre build-out consumes, and on whether the growth in that demand can be squared with the emissions targets the company has already committed to.
FOR Fidelity Magellan Fund voted with 9,156,200 shares
“SHAREHOLDER PROPOSAL REQUESTING ADDITIONAL REPORTING ON IMPACT OF DATA CENTERS ON CLIMATE COMMITMENTS”
SourceFidelity Magellan Fund · accession 0000061397-26-000116 · series S000007112 · open the filing
Microsoft Corporation · 5 December 2025 · put on the ballot by shareholder · Workforce & human rights
Should Microsoft assess the human rights risks its own operations create?
Shareholders asked for an assessment of the human rights risks arising from the company’s operations and business relationships, and for the findings to be published.
AGAINST Fidelity Magellan Fund voted with 6,573,504 shares
“Report on Data Operations in Human Rights Hotspots”
SourceFidelity Magellan Fund · accession 0000061397-26-000116 · series S000007112 · open the filing
Microsoft Corporation · 5 December 2025 · put on the ballot by shareholder · Workforce & human rights
Should Microsoft assess the human rights risks its own operations create?
Shareholders asked for an assessment of the human rights risks arising from the company’s operations and business relationships, and for the findings to be published.
AGAINST Fidelity Magellan Fund voted with 6,573,504 shares
“Report on Human Rights Due Diligence”
SourceFidelity Magellan Fund · accession 0000061397-26-000116 · series S000007112 · open the filing
Meta Platforms, Inc. · 27 May 2026 · put on the ballot by shareholder · Executive pay
Regarding annual vote regarding executive pay.
FOR Fidelity Magellan Fund voted with 2,307,400 shares
“A shareholder proposal regarding annual vote regarding executive pay.”
SourceFidelity Magellan Fund · accession 0000061397-26-000116 · series S000007112 · open the filing
NVIDIA Corporation · 24 June 2026 · put on the ballot by shareholder
Should a simple majority be enough to pass a measure at Nvidia?
Shareholders asked the company to replace its supermajority voting requirements with a simple majority, so that a measure supported by most shares actually carries.
FOR Fidelity Magellan Fund voted with 20,158,835 shares
“Approval of a non-binding stockholder proposal requesting the replacement of supermajority voting provisions in our charter and bylaws with a simple majority voting standard.”
SourceFidelity Magellan Fund · accession 0000061397-26-000116 · series S000007112 · open the filing
Amazon.com, Inc. · 20 May 2026 · put on the ballot by shareholder
Should the person who runs Amazon.com also chair the board that supervises them?
Shareholders asked the company to require that the chair of the board be an independent director rather than the chief executive, so that the body overseeing management is not led by the person being overseen.
AGAINST Fidelity Magellan Fund voted with 9,156,200 shares
“SHAREHOLDER PROPOSAL REQUESTING A MANDATORY INDEPENDENT BOARD CHAIR POLICY”
SourceFidelity Magellan Fund · accession 0000061397-26-000116 · series S000007112 · open the filing
NVIDIA Corporation · 24 June 2026 · put on the ballot by shareholder · Social
Approval of a non-binding stockholder proposal requesting a report on faith-based community resource groups.
AGAINST Fidelity Magellan Fund voted with 20,158,835 shares
“Approval of a non-binding stockholder proposal requesting a report on faith-based community resource groups.”
SourceFidelity Magellan Fund · accession 0000061397-26-000116 · series S000007112 · open the filing
Every Fidelity fund we track, and how each one voted →
No 401(k) plan we index offers this fund. It is here because it is widely held outside them: whoever holds it, in an IRA or a brokerage account, the fund votes those shares as shown on this page.
Vote these ballots yourself
See how you would have voted, then what this fund did — one card at a time. Open the full ballot deck for this fund →