After trailing the S&P 500 last year and delivering the worst returns for his fund in nearly 10 years, Will Danoff, skipper of the $69 billion Fidelity Contrafund, has sold energy stocks, particularly oil and gas, and bulked up on financial services, Bloomberg reports.

Last year, Contrafund, Fidelity’s largest fund, rose 12%, trailing the S&P 500’s 16% rise. It marked a departure for Danoff, who in an analysis of 140 large-cap growth fund managers that Bloomberg undertook, delivered the best five-year performance of any of them. Evidently what he didn’t expect was for crude oil priced to plummet 28% last fall due to record temperatures in the northeast.

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