Common Stocks - 97.3% |
| | Shares | Value ($) |
COMMUNICATION SERVICES - 20.1% | | | |
Entertainment - 3.5% | | | |
Activision Blizzard, Inc. | | 807,858 | 62,520,131 |
Netflix, Inc. (a) | | 949,637 | 579,601,447 |
Roblox Corp. (a)(b) | | 169,449 | 12,801,872 |
Sea Ltd. ADR (a) | | 40,645 | 12,954,781 |
The Walt Disney Co. (a) | | 950,013 | 160,713,699 |
Universal Music Group NV | | 355,825 | 9,479,670 |
Warner Music Group Corp. Class A | | 44,871 | 1,917,787 |
| | | 839,989,387 |
Interactive Media & Services - 15.7% | | | |
Alphabet, Inc.: | | | |
Class A (a) | | 257,511 | 688,460,809 |
Class C (a) | | 236,378 | 630,020,647 |
Bumble, Inc. (b) | | 390,239 | 19,504,145 |
Facebook, Inc. Class A (a) | | 6,826,923 | 2,316,989,382 |
Snap, Inc. Class A (a) | | 1,799,010 | 132,892,869 |
Zoominfo Technologies, Inc. (a) | | 220,531 | 13,494,292 |
| | | 3,801,362,144 |
Media - 0.5% | | | |
Charter Communications, Inc. Class A (a) | | 87,431 | 63,611,298 |
Comcast Corp. Class A | | 959,341 | 53,655,942 |
Liberty Media Corp. Liberty Formula One Group Series C (a) | | 229,795 | 11,813,761 |
| | | 129,081,001 |
Wireless Telecommunication Services - 0.4% | | | |
T-Mobile U.S., Inc. (a) | | 814,015 | 103,998,556 |
TOTAL COMMUNICATION SERVICES | | | 4,874,431,088 |
CONSUMER DISCRETIONARY - 13.5% | | | |
Automobiles - 0.6% | | | |
General Motors Co. (a) | | 1,025,747 | 54,067,124 |
Hyundai Motor Co. | | 125,460 | 20,875,684 |
Rad Power Bikes, Inc. (a)(c)(d) | | 331,574 | 3,177,739 |
Tesla, Inc. (a) | | 3,343 | 2,592,430 |
Toyota Motor Corp. | | 3,005,585 | 53,551,669 |
XPeng, Inc. Class A | | 826,913 | 14,196,775 |
| | | 148,461,421 |
Diversified Consumer Services - 0.0% | | | |
Duolingo, Inc. (a) | | 14,933 | 2,484,254 |
Hotels, Restaurants & Leisure - 0.6% | | | |
Airbnb, Inc. Class A | | 379,617 | 63,680,752 |
Booking Holdings, Inc. (a) | | 998 | 2,369,122 |
Caesars Entertainment, Inc. (a) | | 21,853 | 2,453,655 |
Chipotle Mexican Grill, Inc. (a) | | 26,216 | 47,648,104 |
Churchill Downs, Inc. | | 8,819 | 2,117,266 |
Dutch Bros, Inc. | | 48,993 | 2,122,377 |
Evolution AB (e) | | 65,846 | 9,971,676 |
Hilton Worldwide Holdings, Inc. (a) | | 174,770 | 23,088,865 |
| | | 153,451,817 |
Household Durables - 0.5% | | | |
D.R. Horton, Inc. | | 248,766 | 20,888,881 |
Garmin Ltd. | | 178,088 | 27,685,560 |
Lennar Corp. Class A | | 316,179 | 29,619,649 |
Mohawk Industries, Inc. (a) | | 100,068 | 17,752,063 |
Sony Group Corp. | | 44,004 | 4,885,269 |
Tempur Sealy International, Inc. | | 210,186 | 9,754,732 |
| | | 110,586,154 |
Internet & Direct Marketing Retail - 8.8% | | | |
Amazon.com, Inc. (a) | | 553,250 | 1,817,448,380 |
Cazoo Group Ltd. (a)(c) | | 248,400 | 1,833,565 |
Cazoo Group Ltd. | | 873,840 | 6,110,763 |
Coupang, Inc. Class A (a)(b) | | 1,500,498 | 41,788,869 |
Deliveroo PLC (a) | | 1,291,800 | 4,983,395 |
Deliveroo PLC Class A (a)(b)(e) | | 8,469,983 | 32,771,103 |
Doordash, Inc. | | 253,828 | 52,283,491 |
eBay, Inc. | | 1,811,122 | 126,180,870 |
Etsy, Inc. (a) | | 63,166 | 13,136,001 |
Global-e Online Ltd. | | 30,159 | 2,165,416 |
Warby Parker, Inc. | | 44,800 | 2,376,640 |
Wayfair LLC Class A (a) | | 55,908 | 14,285,053 |
Zomato Ltd. (a)(c) | | 4,522,500 | 7,079,783 |
ZOZO, Inc. | | 136,420 | 5,110,976 |
| | | 2,127,554,305 |
Leisure Products - 0.0% | | | |
Thule Group AB (e) | | 97,612 | 4,893,932 |
YETI Holdings, Inc. (a) | | 25,188 | 2,158,360 |
| | | 7,052,292 |
Specialty Retail - 2.0% | | | |
Academy Sports & Outdoors, Inc. | | 671,833 | 26,886,757 |
AutoZone, Inc. (a) | | 11,130 | 18,898,629 |
Best Buy Co., Inc. | | 125,115 | 13,225,907 |
Burlington Stores, Inc. (a) | | 44,213 | 12,537,480 |
Carvana Co. Class A (a) | | 12,956 | 3,906,752 |
Dick's Sporting Goods, Inc. | | 205,597 | 24,624,353 |
Fanatics, Inc. Class A (c)(d) | | 192,106 | 9,100,061 |
JD Sports Fashion PLC | | 161,945 | 2,275,893 |
Lithia Motors, Inc. Class A (sub. vtg.) | | 35,740 | 11,331,010 |
National Vision Holdings, Inc. (a)(b) | | 185,024 | 10,503,812 |
O'Reilly Automotive, Inc. (a) | | 54,004 | 32,999,684 |
Pet Center Comercio e Participacoes SA | | 497,100 | 2,141,480 |
The Home Depot, Inc. | | 733,467 | 240,767,877 |
TJX Companies, Inc. | | 700,989 | 46,251,254 |
Williams-Sonoma, Inc. | | 178,368 | 31,629,997 |
| | | 487,080,946 |
Textiles, Apparel & Luxury Goods - 1.0% | | | |
Allbirds, Inc. (a)(c)(d) | | 33,995 | 391,622 |
Crocs, Inc. (a) | | 19,196 | 2,754,242 |
Deckers Outdoor Corp. (a) | | 104,268 | 37,557,334 |
Dr. Martens Ltd. (a) | | 2,140,375 | 11,431,223 |
lululemon athletica, Inc. (a) | | 31,474 | 12,737,528 |
LVMH Moet Hennessy Louis Vuitton SE | | 5,756 | 4,122,817 |
NIKE, Inc. Class B | | 1,054,878 | 153,199,932 |
On Holding AG (b) | | 172,323 | 5,192,092 |
On Holding AG (a) | | 352,500 | 9,558,743 |
Under Armour, Inc. Class A (sub. vtg.) (a) | | 212,716 | 4,292,609 |
| | | 241,238,142 |
TOTAL CONSUMER DISCRETIONARY | | | 3,277,909,331 |
CONSUMER STAPLES - 2.5% | | | |
Beverages - 0.3% | | | |
Anheuser-Busch InBev SA NV | | 42,900 | 2,433,177 |
Diageo PLC | | 193,040 | 9,346,033 |
Keurig Dr. Pepper, Inc. | | 83,891 | 2,865,717 |
Monster Beverage Corp. (a) | | 95,958 | 8,523,949 |
PepsiCo, Inc. | | 171,460 | 25,789,299 |
The Coca-Cola Co. | | 545,931 | 28,645,000 |
| | | 77,603,175 |
Food & Staples Retailing - 1.0% | | | |
Costco Wholesale Corp. | | 546,930 | 245,762,996 |
Food Products - 0.0% | | | |
Oatly Group AB ADR (b) | | 3,553 | 53,721 |
Personal Products - 1.2% | | | |
Estee Lauder Companies, Inc. Class A | | 840,929 | 252,219,835 |
L'Oreal SA (a) | | 23,204 | 9,601,909 |
L'Oreal SA | | 30,336 | 12,553,159 |
Olaplex Holdings, Inc. | | 236,900 | 4,974,900 |
| | | 279,349,803 |
TOTAL CONSUMER STAPLES | | | 602,769,695 |
ENERGY - 0.2% | | | |
Oil, Gas & Consumable Fuels - 0.2% | | | |
Canadian Natural Resources Ltd. | | 432,900 | 15,827,885 |
Cheniere Energy, Inc. | | 81,077 | 7,918,791 |
Hess Corp. | | 113,641 | 8,876,499 |
Reliance Industries Ltd. | | 72,382 | 2,451,654 |
| | | 35,074,829 |
FINANCIALS - 12.1% | | | |
Banks - 3.0% | | | |
Bank of America Corp. | | 5,752,424 | 244,190,399 |
JPMorgan Chase & Co. | | 1,606,787 | 263,014,964 |
Kotak Mahindra Bank Ltd. (a) | | 848,972 | 22,865,617 |
Royal Bank of Canada | | 767,898 | 76,407,852 |
Starling Bank Ltd. Series D (a)(d) | | 3,502,023 | 6,107,553 |
SVB Financial Group (a) | | 12,655 | 8,186,266 |
The Toronto-Dominion Bank | | 929,698 | 61,546,800 |
Wells Fargo & Co. | | 813,895 | 37,772,867 |
| | | 720,092,318 |
Capital Markets - 2.0% | | | |
BlackRock, Inc. Class A | | 121,242 | 101,680,816 |
Blackstone, Inc. | | 27,109 | 3,153,861 |
Brookfield Asset Management, Inc. (Canada) Class A | | 244,684 | 13,111,245 |
Carlyle Group LP | | 52,819 | 2,497,282 |
Charles Schwab Corp. | | 148,859 | 10,842,890 |
Coinbase Global, Inc. (a) | | 51,097 | 11,623,546 |
Goldman Sachs Group, Inc. | | 220,293 | 83,277,363 |
Moody's Corp. | | 44,043 | 15,640,110 |
Morgan Stanley | | 1,872,374 | 182,200,714 |
MSCI, Inc. | | 87,831 | 53,431,111 |
NASDAQ, Inc. | | 13,205 | 2,548,829 |
S&P Global, Inc. | | 28,946 | 12,298,866 |
| | | 492,306,633 |
Consumer Finance - 0.4% | | | |
American Express Co. | | 103,523 | 17,343,208 |
Capital One Financial Corp. | | 413,443 | 66,965,363 |
| | | 84,308,571 |
Diversified Financial Services - 5.2% | | | |
Berkshire Hathaway, Inc. Class A (a) | | 3,067 | 1,261,699,362 |
Insurance - 1.5% | | | |
Admiral Group PLC | | 1,216,992 | 50,850,160 |
AIA Group Ltd. | | 623,450 | 7,172,423 |
American International Group, Inc. | | 963,310 | 52,876,086 |
Arthur J. Gallagher & Co. | | 146,509 | 21,778,563 |
Brookfield Asset Management Reinsurance Partners Ltd. | | 1,368 | 75,820 |
Chubb Ltd. | | 421,263 | 73,080,705 |
Direct Line Insurance Group PLC | | 554,837 | 2,159,478 |
Fairfax Financial Holdings Ltd. (sub. vtg.) | | 25,915 | 10,461,550 |
Hartford Financial Services Group, Inc. | | 243,902 | 17,134,116 |
Intact Financial Corp. | | 121,189 | 16,024,581 |
Oscar Health, Inc. (b) | | 524,750 | 9,125,403 |
Progressive Corp. | | 544,653 | 49,231,185 |
The Travelers Companies, Inc. | | 311,078 | 47,286,967 |
| | | 357,257,037 |
TOTAL FINANCIALS | | | 2,915,663,921 |
HEALTH CARE - 11.7% | | | |
Biotechnology - 2.1% | | | |
AbbVie, Inc. | | 666,725 | 71,919,626 |
Alector, Inc. (a) | | 26,619 | 607,446 |
Alnylam Pharmaceuticals, Inc. (a) | | 18,622 | 3,516,020 |
BioNTech SE ADR (a) | | 42,865 | 11,701,716 |
Blueprint Medicines Corp. (a) | | 8,836 | 908,429 |
Cullinan Oncology, Inc. | | 14,713 | 332,072 |
Genmab A/S (a) | | 10,355 | 4,524,327 |
Horizon Therapeutics PLC (a) | | 833,731 | 91,326,894 |
Idorsia Ltd. (a) | | 474,924 | 11,450,482 |
Innovent Biologics, Inc. (a)(e) | | 474,238 | 4,567,031 |
Intellia Therapeutics, Inc. (a) | | 165,837 | 22,247,034 |
Moderna, Inc. (a) | | 48,808 | 18,784,247 |
Regeneron Pharmaceuticals, Inc. (a) | | 367,090 | 222,155,526 |
Vertex Pharmaceuticals, Inc. (a) | | 184,953 | 33,548,625 |
Zai Lab Ltd. (a) | | 102,245 | 10,956,619 |
Zai Lab Ltd. ADR (a) | | 10,396 | 1,095,634 |
| | | 509,641,728 |
Health Care Equipment & Supplies - 2.5% | | | |
Abbott Laboratories | | 438,592 | 51,810,873 |
Alcon, Inc. | | 30,534 | 2,457,071 |
Align Technology, Inc. (a) | | 51,501 | 34,270,310 |
Danaher Corp. | | 742,620 | 226,083,233 |
DexCom, Inc. (a) | | 38,913 | 21,279,963 |
Edwards Lifesciences Corp. (a) | | 484,456 | 54,845,264 |
Envista Holdings Corp. (a) | | 411,178 | 17,191,352 |
Hologic, Inc. (a) | | 237,881 | 17,557,997 |
Intuitive Surgical, Inc. (a) | | 124,910 | 124,179,277 |
Medtronic PLC | | 205,760 | 25,792,016 |
Sonova Holding AG Class B | | 53,528 | 20,228,673 |
Stryker Corp. | | 38,107 | 10,049,578 |
West Pharmaceutical Services, Inc. | | 21,797 | 9,253,698 |
| | | 614,999,305 |
Health Care Providers & Services - 3.6% | | | |
agilon health, Inc. | | 159,351 | 4,176,590 |
AmerisourceBergen Corp. | | 122,245 | 14,602,165 |
Cano Health, Inc. (c) | | 711,826 | 9,025,954 |
dentalcorp Holdings Ltd. (a) | | 584,057 | 7,640,790 |
Guardant Health, Inc. (a) | | 24,810 | 3,101,498 |
HCA Holdings, Inc. | | 232,871 | 56,522,449 |
Henry Schein, Inc. (a) | | 39,490 | 3,007,558 |
Molina Healthcare, Inc. (a) | | 9,081 | 2,463,766 |
Option Care Health, Inc. (a) | | 573,798 | 13,920,339 |
Owens & Minor, Inc. | | 33,032 | 1,033,571 |
UnitedHealth Group, Inc. | | 1,908,881 | 745,876,162 |
| | | 861,370,842 |
Health Care Technology - 0.1% | | | |
Doximity, Inc. (b) | | 97,621 | 7,878,015 |
GoodRx Holdings, Inc. | | 34,800 | 1,427,496 |
Medlive Technology Co. Ltd. (e) | | 516,494 | 2,473,013 |
Veeva Systems, Inc. Class A (a) | | 69,500 | 20,027,815 |
| | | 31,806,339 |
Life Sciences Tools & Services - 1.7% | | | |
23andMe Holding Co. (a)(c) | | 276,400 | 2,504,184 |
23andMe Holding Co.: | | | |
Class A | | 15,548 | 133,822 |
Class B | | 276,050 | 2,375,962 |
Bio-Rad Laboratories, Inc. Class A (a) | | 65,574 | 48,914,925 |
Charles River Laboratories International, Inc. (a) | | 22,181 | 9,153,433 |
Eurofins Scientific SA | | 165,723 | 21,233,459 |
IQVIA Holdings, Inc. (a) | | 160,092 | 38,348,438 |
Lonza Group AG | | 24 | 18,003 |
Maravai LifeSciences Holdings, Inc. | | 632,776 | 31,056,646 |
Mettler-Toledo International, Inc. (a) | | 82,021 | 112,972,445 |
Thermo Fisher Scientific, Inc. | | 183,479 | 104,827,057 |
Veterinary Emergency Group LLC Class A (c)(d)(f) | | 98,200 | 3,156,560 |
Waters Corp. (a) | | 85,679 | 30,613,107 |
WuXi AppTec Co. Ltd. (H Shares) (e) | | 254,964 | 5,935,518 |
| | | 411,243,559 |
Pharmaceuticals - 1.7% | | | |
Arvinas Holding Co. LLC (a) | | 32,198 | 2,646,032 |
AstraZeneca PLC (United Kingdom) | | 43,052 | 5,188,530 |
Bristol-Myers Squibb Co. | | 255,188 | 15,099,474 |
Eli Lilly & Co. | | 1,151,021 | 265,943,402 |
Jazz Pharmaceuticals PLC (a) | | 131,639 | 17,140,714 |
Nuvation Bio, Inc. (a) | | 1,094,834 | 10,882,650 |
Nuvation Bio, Inc. (a)(c) | | 439,051 | 4,364,167 |
Pfizer, Inc. | | 272,617 | 11,725,257 |
Royalty Pharma PLC | | 500,286 | 18,080,336 |
UCB SA | | 96,791 | 10,838,394 |
Zoetis, Inc. Class A | | 251,940 | 48,911,632 |
| | | 410,820,588 |
TOTAL HEALTH CARE | | | 2,839,882,361 |
INDUSTRIALS - 3.3% | | | |
Aerospace & Defense - 0.1% | | | |
Northrop Grumman Corp. | | 63,152 | 22,744,193 |
Space Exploration Technologies Corp. Class A (a)(c)(d) | | 7,300 | 3,065,927 |
| | | 25,810,120 |
Air Freight & Logistics - 0.8% | | | |
Expeditors International of Washington, Inc. | | 52,530 | 6,257,899 |
GXO Logistics, Inc. (a) | | 15,528 | 1,218,016 |
United Parcel Service, Inc. Class B | | 999,107 | 181,937,385 |
| | | 189,413,300 |
Airlines - 0.0% | | | |
Joby Aviation, Inc. (a)(c) | | 199,579 | 2,007,765 |
Building Products - 0.6% | | | |
Carrier Global Corp. | | 406,075 | 21,018,442 |
Fortune Brands Home & Security, Inc. | | 668,637 | 59,789,521 |
Toto Ltd. | | 596,553 | 28,405,848 |
Trane Technologies PLC | | 247,099 | 42,661,642 |
| | | 151,875,453 |
Commercial Services & Supplies - 0.3% | | | |
Cintas Corp. | | 115,284 | 43,884,007 |
Clean TeQ Water Pty Ltd. (b) | | 299,081 | 143,854 |
GFL Environmental, Inc. (b) | | 361,205 | 13,418,766 |
TulCo LLC (a)(c)(d)(f) | | 1,552 | 2,161,734 |
| | | 59,608,361 |
Electrical Equipment - 0.2% | | | |
Generac Holdings, Inc. (a) | | 29,087 | 11,886,984 |
Vertiv Holdings Co. | | 162,799 | 3,921,828 |
Vestas Wind Systems A/S | | 1,051,542 | 42,185,836 |
| | | 57,994,648 |
Industrial Conglomerates - 0.5% | | | |
General Electric Co. | | 1,043,262 | 107,487,284 |
Honeywell International, Inc. | | 28,931 | 6,141,473 |
| | | 113,628,757 |
Machinery - 0.4% | | | |
Deere & Co. | | 143,274 | 48,006,819 |
Ingersoll Rand, Inc. (a) | | 469,077 | 23,646,172 |
Kornit Digital Ltd. (a) | | 19,317 | 2,795,943 |
Nordson Corp. | | 8,240 | 1,962,356 |
Otis Worldwide Corp. | | 271,021 | 22,299,608 |
Pentair PLC | | 67,058 | 4,870,423 |
| | | 103,581,321 |
Professional Services - 0.2% | | | |
Clarivate Analytics PLC (a) | | 137,363 | 3,008,250 |
Equifax, Inc. | | 113,617 | 28,792,820 |
Recruit Holdings Co. Ltd. | | 46,767 | 2,858,673 |
Thomson Reuters Corp. | | 149,577 | 16,538,970 |
| | | 51,198,713 |
Road & Rail - 0.2% | | | |
Canadian Pacific Railway Ltd. | | 396,938 | 25,920,371 |
J.B. Hunt Transport Services, Inc. | | 59,047 | 9,873,839 |
XPO Logistics, Inc. (a) | | 15,528 | 1,235,718 |
| | | 37,029,928 |
TOTAL INDUSTRIALS | | | 792,148,366 |
INFORMATION TECHNOLOGY - 31.8% | | | |
Electronic Equipment & Components - 1.5% | | | |
Amphenol Corp. Class A | | 3,972,479 | 290,904,637 |
CDW Corp. | | 83,386 | 15,177,920 |
Keysight Technologies, Inc. (a) | | 50,854 | 8,354,804 |
Samsung SDI Co. Ltd. | | 24,307 | 14,498,171 |
Zebra Technologies Corp. Class A (a) | | 53,697 | 27,676,508 |
| | | 356,612,040 |
IT Services - 7.2% | | | |
Accenture PLC Class A | | 609,739 | 195,067,701 |
Adyen BV (a)(e) | | 29,938 | 83,687,605 |
Affirm Holdings, Inc. (b) | | 254,729 | 30,345,866 |
Affirm Holdings, Inc. (e) | | 276,447 | 32,933,131 |
Cloudflare, Inc. (a) | | 1,448,912 | 163,219,937 |
EPAM Systems, Inc. (a) | | 4,266 | 2,433,668 |
MasterCard, Inc. Class A | | 418,261 | 145,420,984 |
MongoDB, Inc. Class A (a) | | 130,972 | 61,754,608 |
Nuvei Corp. (e) | | 24,547 | 2,812,071 |
Okta, Inc. (a) | | 291,936 | 69,288,090 |
PayPal Holdings, Inc. (a) | | 1,180,122 | 307,079,546 |
Remitly Global, Inc. | | 58,073 | 2,131,279 |
Shopify, Inc. Class A (a) | | 127,707 | 173,343,146 |
Snowflake Computing, Inc. | | 32,107 | 9,710,120 |
Square, Inc. | | 45,996 | 11,031,681 |
Thoughtworks Holding, Inc. | | 87,110 | 2,500,928 |
Toast, Inc. (b) | | 59,969 | 2,995,452 |
Twilio, Inc. Class A (a) | | 17,090 | 5,452,565 |
Visa, Inc. Class A | | 2,021,841 | 450,365,083 |
| | | 1,751,573,461 |
Semiconductors & Semiconductor Equipment - 6.4% | | | |
Advanced Micro Devices, Inc. (a) | | 1,541,031 | 158,572,090 |
Ambarella, Inc. (a) | | 12,177 | 1,896,446 |
Analog Devices, Inc. | | 437,644 | 73,296,617 |
Applied Materials, Inc. | | 351,400 | 45,235,722 |
ASML Holding NV | | 25,445 | 18,959,324 |
Lam Research Corp. | | 207,188 | 117,921,050 |
Lattice Semiconductor Corp. (a) | | 269,433 | 17,418,843 |
Marvell Technology, Inc. | | 605,208 | 36,500,094 |
Monolithic Power Systems, Inc. | | 5,788 | 2,805,328 |
NVIDIA Corp. | | 2,986,208 | 618,622,849 |
NXP Semiconductors NV | | 2,181 | 427,192 |
ON Semiconductor Corp. (a) | | 217,524 | 9,956,073 |
Qorvo, Inc. (a) | | 205,487 | 34,355,372 |
Qualcomm, Inc. | | 2,018,280 | 260,317,754 |
Semtech Corp. (a) | | 78,577 | 6,126,649 |
Silergy Corp. | | 18,000 | 2,620,280 |
SiTime Corp. (a) | | 13,508 | 2,757,928 |
Skyworks Solutions, Inc. | | 170,069 | 28,023,970 |
Synaptics, Inc. (a) | | 430,090 | 77,300,076 |
Texas Instruments, Inc. | | 184,130 | 35,391,627 |
| | | 1,548,505,284 |
Software - 13.1% | | | |
Adobe, Inc. (a) | | 1,014,696 | 584,180,781 |
Atlassian Corp. PLC (a) | | 431,544 | 168,914,952 |
Cadence Design Systems, Inc. (a) | | 519,908 | 78,734,868 |
Ceridian HCM Holding, Inc. (a) | | 45,450 | 5,118,579 |
Clear Secure, Inc. | | 76,628 | 3,145,579 |
Confluent, Inc. | | 35,754 | 2,132,726 |
Crowdstrike Holdings, Inc. (a) | | 93,647 | 23,016,560 |
Datadog, Inc. Class A (a) | | 143,991 | 20,353,128 |
DocuSign, Inc. (a) | | 81,672 | 21,024,823 |
Dropbox, Inc. Class A (a)(b) | | 640,375 | 18,711,758 |
Duck Creek Technologies, Inc. (a) | | 188,082 | 8,320,748 |
Dynatrace, Inc. (a) | | 590,312 | 41,894,443 |
Epic Games, Inc. (a)(c)(d) | | 14,010 | 12,398,850 |
Fortinet, Inc. (a) | | 23,642 | 6,904,410 |
HubSpot, Inc. (a) | | 23,630 | 15,976,007 |
Intuit, Inc. | | 198,964 | 107,343,068 |
KnowBe4, Inc. (a) | | 258,411 | 5,674,706 |
Microsoft Corp. | | 4,418,410 | 1,245,638,147 |
Monday.com Ltd. (b) | | 18,249 | 5,952,824 |
Palo Alto Networks, Inc. (a) | | 11,575 | 5,544,425 |
Paycom Software, Inc. (a) | | 8,184 | 4,057,218 |
Qualtrics International, Inc. (b) | | 116,950 | 4,998,443 |
Salesforce.com, Inc. (a) | | 2,568,716 | 696,687,154 |
SentinelOne, Inc. | | 119,702 | 6,412,436 |
ServiceNow, Inc. (a) | | 92,786 | 57,737,944 |
Stripe, Inc. Class B (a)(c)(d) | | 75,100 | 3,013,388 |
Tanium, Inc. Class B (a)(c)(d) | | 449,538 | 5,043,816 |
Workday, Inc. Class A (a) | | 9,380 | 2,343,968 |
Xero Ltd. (a) | | 80,594 | 7,908,572 |
Zoom Video Communications, Inc. Class A (a) | | 4,461 | 1,166,552 |
Zscaler, Inc. (a) | | 52,689 | 13,816,110 |
| | | 3,184,166,983 |
Technology Hardware, Storage & Peripherals - 3.6% | | | |
Apple, Inc. | | 5,846,659 | 827,302,249 |
Dell Technologies, Inc. (a) | | 370,268 | 38,522,683 |
| | | 865,824,932 |
TOTAL INFORMATION TECHNOLOGY | | | 7,706,682,700 |
MATERIALS - 2.0% | | | |
Chemicals - 0.6% | | | |
Celanese Corp. Class A | | 14,425 | 2,172,982 |
Sherwin-Williams Co. | | 516,399 | 144,452,292 |
Westlake Chemical Corp. | | 29,734 | 2,709,957 |
| | | 149,335,231 |
Containers & Packaging - 0.1% | | | |
Silgan Holdings, Inc. (b) | | 217,440 | 8,340,998 |
Metals & Mining - 1.3% | | | |
ArcelorMittal SA Class A unit (b) | | 382,159 | 11,525,915 |
B2Gold Corp. | | 5,635,250 | 19,264,671 |
Barrick Gold Corp. (Canada) | | 1,321,249 | 23,856,754 |
Cleveland-Cliffs, Inc. (a) | | 834,075 | 16,523,026 |
Franco-Nevada Corp. | | 668,367 | 86,830,720 |
Freeport-McMoRan, Inc. | | 1,180,202 | 38,391,971 |
Gatos Silver, Inc. | | 367,846 | 4,278,049 |
Ivanhoe Electric, Inc. (c)(d) | | 1,289,012 | 1,069,880 |
Ivanhoe Mines Ltd. (a) | | 5,567,276 | 35,603,139 |
Ivanhoe Mines Ltd. (a)(e) | | 1,472,007 | 9,413,593 |
Novagold Resources, Inc. (a) | | 1,081,914 | 7,448,516 |
Nucor Corp. | | 424,503 | 41,809,300 |
Steel Dynamics, Inc. | | 330,990 | 19,356,295 |
Stelco Holdings, Inc. | | 69,149 | 2,026,536 |
Sunrise Energy Metals Ltd. (a)(b) | | 598,165 | 682,772 |
| | | 318,081,137 |
TOTAL MATERIALS | | | 475,757,366 |
REAL ESTATE - 0.1% | | | |
Equity Real Estate Investment Trusts (REITs) - 0.1% | | | |
Equity Commonwealth | | 343,863 | 8,933,561 |
Prologis (REIT), Inc. | | 155,911 | 19,555,917 |
| | | 28,489,478 |
UTILITIES - 0.0% | | | |
Electric Utilities - 0.0% | | | |
Southern Co. | | 38,316 | 2,374,443 |
TOTAL COMMON STOCKS (Cost $15,397,675,980) | | | 23,551,183,578 |
| | | |
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Amounts in the income column in the above table include any capital gain distributions from underlying funds.
Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee.
The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)
Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. Convertible Bonds and Preferred Securities are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.
For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.
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