He holds Fidelity Value, Dividend Growth (nasdaq: FDGFX - news - people ) and Small Cap Independence (nasdaq: FDSCX - news - people ).

FORBES: Watching The Fidelity Watchers

The situation is even more dramatic with indexes like the small-cap Russell 2000 and Nasdaq, where many investors have, or had, their holdings.

FORBES: Many Stocks Still Slumping Even As Market Nails New Highs

The Nasdaq shot 3.5% higher, the small cap Russell 2000 (IWM) ETF soared 4.4%.

FORBES: Dancing On The Ceiling Of The Trading Range