The $3.9 billion Fidelity Investment Aggressive Growth fund continued cutting its technology stock holdings in January after halving the holdings in the last two months of 2002.

At the end of January, the fund held 16.3% of its assets in technology companies, down from 41.7% in last October. Information technology stocks sank on the fund’s portfolio list from the top to third, after health care and consumer stocks, in January.

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