- Fidelity participated in OpenAI’s $6.6 billion funding round.
- Several big Fidelity funds valued their OpenAI stock in new filings on Wednesday.
- Fidelity has backed several late-stage startups over the years.
Several big Fidelity funds have stakes in OpenAI that the mutual fund giant valued at more than $100 million in total, according to filings on Wednesday.
Fidelity participated in OpenAI’s $6.6 billion funding round. Its Blue Chip Growth Fund and Contrafund have stakes.
According to the Contrafund’s monthly report, which was published on October 30 and includes financial information for the month of September, Fidelity valued those OpenAI shares at $74,801,903.
The Blue Chip Growth fund’s filing valued that stake at $29,421,124; the Growth Discovery Fund valued that stake at $3,433,000; the Capital Appreciation Fund valued that stake at $3,900,800; and the Stock Selector All Cap Fund valued that stake at $580,570.
That’s a total of more than $112 million, according to those five filings. Fidelity has many other mutual funds, some of which could also hold stakes in OpenAI. Fidelity declined to comment.
It was not immediately clear how many OpenAI shares Fidelity owns in total. The fund manager lists the number of shares it has in each company in its annual and semi-annual reports, the last of which was published at the end of September and includes financial information through the month of August, just before OpenAI’s funding round.
Representatives for OpenAI did not respond to a request for comment.