Fidelity mutual funds dump their Google stakeFidelity mutual fund managers sold around 1.1 million Google shares in February. Fidelity's Contrafund owned $3.63 billion worth of Google stock at the beginning of the month and, after selling about 170,000 shares, $2.95 billion at the end. After selling 1 million shares, the $38.4 billion Magellan fund saw its Google investment drop even more drastically — 42 percent — from $1.81 billion to $1.04 billion. SAI notes that some of that investment decline resulted in Google shares dropping 16.5 percent in February. Cold comfort, indeed.