Should I get rid of my FBGRX position and dump more into SPY soon

So I got the blue chip growth fund (FBGRX) by fidelity in September.

Since then it has gone down a lot, especially this year with the upcoming fed meeting.

I’m not sure if I should cut my losses or just hold this fund, any feedback is appreciated. About 1/6 of my profile is in this and 2/6 is in SPY.