Common Stocks - 98.7% |
| | Shares | Value ($) |
COMMUNICATION SERVICES - 12.8% | | | |
Entertainment - 2.0% | | | |
Electronic Arts, Inc. | | 28,367 | 3,741,607 |
Endeavor Group Holdings, Inc. (a)(b) | | 102,888 | 3,589,762 |
Endeavor Group Holdings, Inc. (c) | | 268,422 | 9,365,244 |
Live Nation Entertainment, Inc. (a) | | 30,700 | 3,674,483 |
Netflix, Inc. (a) | | 43,500 | 26,206,140 |
Roblox Corp. (a)(b) | | 139,300 | 14,370,188 |
| | | 60,947,424 |
Interactive Media & Services - 10.8% | | | |
Alphabet, Inc. Class C (a) | | 89,723 | 259,621,571 |
Meta Platforms, Inc. Class A (a) | | 220,231 | 74,074,697 |
Snap, Inc. Class A (a) | | 51,000 | 2,398,530 |
Zoominfo Technologies, Inc. (a) | | 31,900 | 2,047,980 |
| | | 338,142,778 |
Media - 0.0% | | | |
Liberty Media Corp. Liberty Formula One Group Series C (a) | | 12,000 | 758,880 |
TOTAL COMMUNICATION SERVICES | | | 399,849,082 |
CONSUMER DISCRETIONARY - 14.7% | | | |
Automobiles - 0.6% | | | |
Ford Motor Co. | | 414,600 | 8,611,242 |
General Motors Co. (a) | | 164,272 | 9,631,267 |
Tesla, Inc. (a) | | 2,500 | 2,641,950 |
| | | 20,884,459 |
Hotels, Restaurants & Leisure - 2.9% | | | |
Airbnb, Inc. Class A | | 222,602 | 37,061,007 |
Booking Holdings, Inc. (a) | | 3,747 | 8,989,915 |
Chipotle Mexican Grill, Inc. (a) | | 700 | 1,223,775 |
Compass Group PLC | | 302,105 | 6,801,498 |
Hilton Worldwide Holdings, Inc. (a) | | 81,184 | 12,663,892 |
Marriott International, Inc. Class A (a) | | 134,821 | 22,277,822 |
Penn National Gaming, Inc. (a) | | 19,674 | 1,020,097 |
Starbucks Corp. | | 8,142 | 952,370 |
| | | 90,990,376 |
Household Durables - 0.9% | | | |
D.R. Horton, Inc. | | 122,413 | 13,275,690 |
NVR, Inc. (a) | | 750 | 4,431,653 |
Toll Brothers, Inc. | | 133,094 | 9,634,675 |
| | | 27,342,018 |
Internet & Direct Marketing Retail - 4.7% | | | |
Amazon.com, Inc. (a) | | 41,325 | 137,791,601 |
eBay, Inc. | | 42,100 | 2,799,650 |
Etsy, Inc. (a) | | 25,100 | 5,495,394 |
Revolve Group, Inc. (a) | | 25,900 | 1,451,436 |
Wayfair LLC Class A (a) | | 5,263 | 999,812 |
| | | 148,537,893 |
Multiline Retail - 0.4% | | | |
Dollar General Corp. | | 51,700 | 12,192,411 |
Specialty Retail - 4.0% | | | |
Aritzia, Inc. (a) | | 83,700 | 3,463,927 |
Burlington Stores, Inc. (a) | | 1,000 | 291,510 |
Industria de Diseno Textil SA | | 655,400 | 21,136,681 |
Lowe's Companies, Inc. | | 176,182 | 45,539,523 |
The Home Depot, Inc. | | 101,340 | 42,057,113 |
TJX Companies, Inc. | | 157,040 | 11,922,477 |
| | | 124,411,231 |
Textiles, Apparel & Luxury Goods - 1.2% | | | |
Capri Holdings Ltd. (a) | | 12,400 | 804,884 |
LVMH Moet Hennessy Louis Vuitton SE | | 12,667 | 10,468,438 |
Moncler SpA | | 58,667 | 4,239,765 |
NIKE, Inc. Class B | | 115,281 | 19,213,884 |
On Holding AG | | 6,700 | 253,327 |
Tory Burch LLC (a)(d)(e)(f) | | 28,846 | 1,921,702 |
| | | 36,902,000 |
TOTAL CONSUMER DISCRETIONARY | | | 461,260,388 |
CONSUMER STAPLES - 3.0% | | | |
Beverages - 2.5% | | | |
Diageo PLC | | 569,365 | 31,130,639 |
Monster Beverage Corp. (a) | | 161,040 | 15,466,282 |
The Coca-Cola Co. | | 531,596 | 31,475,799 |
| | | 78,072,720 |
Food & Staples Retailing - 0.1% | | | |
U.S. Foods Holding Corp. (a) | | 47,692 | 1,661,112 |
Food Products - 0.0% | | | |
Mondelez International, Inc. | | 19,149 | 1,269,770 |
Personal Products - 0.4% | | | |
Estee Lauder Companies, Inc. Class A | | 30,304 | 11,218,541 |
TOTAL CONSUMER STAPLES | | | 92,222,143 |
ENERGY - 4.6% | | | |
Energy Equipment & Services - 0.1% | | | |
Halliburton Co. | | 111,800 | 2,556,866 |
Oil, Gas & Consumable Fuels - 4.5% | | | |
Antero Resources Corp. (a) | | 397,300 | 6,952,750 |
Canadian Natural Resources Ltd. | | 338,000 | 14,282,066 |
Denbury, Inc. (a) | | 4,200 | 321,678 |
Devon Energy Corp. | | 284,133 | 12,516,059 |
EOG Resources, Inc. | | 340,219 | 30,221,654 |
EQT Corp. (a) | | 121,000 | 2,639,010 |
Exxon Mobil Corp. | | 409,234 | 25,041,028 |
Hess Corp. | | 322,695 | 23,889,111 |
Pioneer Natural Resources Co. | | 80,503 | 14,641,886 |
Range Resources Corp. (a) | | 456,723 | 8,143,371 |
Reliance Industries Ltd. | | 103,181 | 3,280,457 |
| | | 141,929,070 |
TOTAL ENERGY | | | 144,485,936 |
FINANCIALS - 10.1% | | | |
Banks - 4.2% | | | |
Bank of America Corp. | | 1,163,826 | 51,778,619 |
JPMorgan Chase & Co. | | 127,994 | 20,267,850 |
M&T Bank Corp. | | 2,500 | 383,950 |
PNC Financial Services Group, Inc. | | 12,936 | 2,593,927 |
Starling Bank Ltd. Series D (a)(e)(f) | | 785,100 | 1,375,470 |
SVB Financial Group (a) | | 1,500 | 1,017,360 |
Truist Financial Corp. | | 14,056 | 822,979 |
Wells Fargo & Co. | | 1,104,368 | 52,987,577 |
| | | 131,227,732 |
Capital Markets - 3.2% | | | |
Antin Infrastructure Partners SA | | 21,000 | 830,751 |
BlackRock, Inc. Class A | | 27,548 | 25,221,847 |
Charles Schwab Corp. | | 118,052 | 9,928,173 |
Coinbase Global, Inc. (a) | | 20,939 | 5,284,375 |
Goldman Sachs Group, Inc. | | 19,989 | 7,646,792 |
Morgan Stanley | | 383,535 | 37,647,796 |
Morningstar, Inc. | | 12,361 | 4,227,338 |
MSCI, Inc. | | 10,616 | 6,504,317 |
S&P Global, Inc. | | 2,600 | 1,227,018 |
State Street Corp. | | 16,900 | 1,571,700 |
| | | 100,090,107 |
Consumer Finance - 0.9% | | | |
American Express Co. | | 98,644 | 16,138,158 |
Capital One Financial Corp. | | 80,276 | 11,647,245 |
| | | 27,785,403 |
Diversified Financial Services - 0.4% | | | |
Berkshire Hathaway, Inc. Class B (a) | | 39,845 | 11,913,655 |
Insurance - 1.4% | | | |
American Financial Group, Inc. | | 51,723 | 7,102,602 |
Arthur J. Gallagher & Co. | | 118,954 | 20,182,925 |
Chubb Ltd. | | 11,300 | 2,184,403 |
Hartford Financial Services Group, Inc. | | 52,000 | 3,590,080 |
Progressive Corp. | | 7,800 | 800,670 |
The Travelers Companies, Inc. | | 66,142 | 10,346,593 |
| | | 44,207,273 |
TOTAL FINANCIALS | | | 315,224,170 |
HEALTH CARE - 11.9% | | | |
Biotechnology - 1.4% | | | |
Intellia Therapeutics, Inc. (a) | | 25,900 | 3,062,416 |
Nuvalent, Inc. Class A (a) | | 11,100 | 211,344 |
Regeneron Pharmaceuticals, Inc. (a) | | 43,655 | 27,569,006 |
Vertex Pharmaceuticals, Inc. (a) | | 55,700 | 12,231,720 |
| | | 43,074,486 |
Health Care Equipment & Supplies - 1.4% | | | |
Boston Scientific Corp. (a) | | 236,037 | 10,026,852 |
DexCom, Inc. (a) | | 2,198 | 1,180,216 |
Intuitive Surgical, Inc. (a) | | 15,300 | 5,497,290 |
Stryker Corp. | | 97,149 | 25,979,586 |
| | | 42,683,944 |
Health Care Providers & Services - 3.9% | | | |
agilon health, Inc. (a) | | 45,000 | 1,215,000 |
Centene Corp. (a) | | 136,600 | 11,255,840 |
Cigna Corp. | | 13,471 | 3,093,346 |
Guardant Health, Inc. (a) | | 13,700 | 1,370,274 |
Humana, Inc. | | 36,875 | 17,104,838 |
UnitedHealth Group, Inc. | | 175,708 | 88,230,015 |
| | | 122,269,313 |
Life Sciences Tools & Services - 2.2% | | | |
Bio-Techne Corp. | | 1,400 | 724,276 |
Bruker Corp. | | 95,133 | 7,982,610 |
Danaher Corp. | | 61,850 | 20,349,269 |
IQVIA Holdings, Inc. (a) | | 6,600 | 1,862,124 |
Maravai LifeSciences Holdings, Inc. (a) | | 13,100 | 548,890 |
Sartorius Stedim Biotech | | 6,066 | 3,331,485 |
Thermo Fisher Scientific, Inc. | | 52,033 | 34,718,499 |
| | | 69,517,153 |
Pharmaceuticals - 3.0% | | | |
Eli Lilly & Co. | | 208,338 | 57,547,122 |
Pfizer, Inc. | | 86,000 | 5,078,300 |
Royalty Pharma PLC | | 22,000 | 876,700 |
Zoetis, Inc. Class A | | 131,550 | 32,102,147 |
| | | 95,604,269 |
TOTAL HEALTH CARE | | | 373,149,165 |
INDUSTRIALS - 6.1% | | | |
Aerospace & Defense - 0.9% | | | |
Airbus Group NV (a) | | 44,900 | 5,744,679 |
Howmet Aerospace, Inc. | | 92,500 | 2,944,275 |
Northrop Grumman Corp. | | 28,190 | 10,911,503 |
The Boeing Co. (a) | | 45,503 | 9,160,664 |
| | | 28,761,121 |
Air Freight & Logistics - 0.4% | | | |
United Parcel Service, Inc. Class B | | 61,061 | 13,087,815 |
Building Products - 1.1% | | | |
Fortune Brands Home & Security, Inc. | | 25,779 | 2,755,775 |
Trane Technologies PLC | | 148,549 | 30,011,354 |
| | | 32,767,129 |
Construction & Engineering - 1.0% | | | |
Quanta Services, Inc. | | 281,922 | 32,325,177 |
Electrical Equipment - 1.0% | | | |
Acuity Brands, Inc. | | 73,900 | 15,646,108 |
AMETEK, Inc. | | 56,848 | 8,358,930 |
Fluence Energy, Inc. (b) | | 23,800 | 846,328 |
Rockwell Automation, Inc. | | 13,329 | 4,649,822 |
| | | 29,501,188 |
Industrial Conglomerates - 0.3% | | | |
General Electric Co. | | 85,937 | 8,118,468 |
Machinery - 0.4% | | | |
Otis Worldwide Corp. | | 145,504 | 12,669,033 |
Professional Services - 0.2% | | | |
Experian PLC | | 152,847 | 7,528,615 |
Road & Rail - 0.5% | | | |
Canadian Pacific Railway Ltd. | | 76,900 | 5,532,186 |
Lyft, Inc. (a) | | 5,000 | 213,650 |
Old Dominion Freight Lines, Inc. | | 13,798 | 4,944,927 |
Uber Technologies, Inc. (a) | | 89,572 | 3,755,754 |
| | | 14,446,517 |
Trading Companies & Distributors - 0.3% | | | |
AerCap Holdings NV (a) | | 160,737 | 10,515,415 |
TOTAL INDUSTRIALS | | | 189,720,478 |
INFORMATION TECHNOLOGY - 29.5% | | | |
IT Services - 2.9% | | | |
Accenture PLC Class A | | 91,223 | 37,816,495 |
Adyen BV (a)(c) | | 300 | 787,501 |
Block, Inc. (a) | | 3,400 | 549,134 |
MasterCard, Inc. Class A | | 97,459 | 35,018,968 |
MongoDB, Inc. Class A (a) | | 17,000 | 8,998,950 |
Snowflake Computing, Inc. (a) | | 11,200 | 3,794,000 |
Twilio, Inc. Class A (a) | | 10,600 | 2,791,404 |
Visa, Inc. Class A | | 9,000 | 1,950,390 |
| | | 91,706,842 |
Semiconductors & Semiconductor Equipment - 10.2% | | | |
Advanced Micro Devices, Inc. (a) | | 194,851 | 28,039,059 |
Applied Materials, Inc. | | 46,300 | 7,285,768 |
ASML Holding NV | | 17,030 | 13,558,264 |
GlobalFoundries, Inc. | | 70,000 | 4,547,900 |
KLA Corp. | | 19,130 | 8,228,004 |
Lam Research Corp. | | 35,001 | 25,170,969 |
Marvell Technology, Inc. | | 1,212,148 | 106,050,829 |
Microchip Technology, Inc. | | 13,000 | 1,131,780 |
NVIDIA Corp. | | 318,261 | 93,603,743 |
Teradyne, Inc. | | 196,900 | 32,199,057 |
| | | 319,815,373 |
Software - 10.9% | | | |
Adobe, Inc. (a) | | 54,219 | 30,745,426 |
Confluent, Inc. | | 18,900 | 1,440,936 |
Dynatrace, Inc. (a) | | 49,236 | 2,971,393 |
HashiCorp, Inc. | | 4,000 | 364,160 |
HubSpot, Inc. (a) | | 10,341 | 6,816,270 |
Intuit, Inc. | | 53,854 | 34,639,970 |
Mandiant, Inc. (a) | | 55,600 | 975,224 |
Microsoft Corp. | | 613,713 | 206,403,956 |
Salesforce.com, Inc. (a) | | 169,995 | 43,200,829 |
Samsara, Inc. (b) | | 16,700 | 469,437 |
Tenable Holdings, Inc. (a) | | 41,209 | 2,269,380 |
Workday, Inc. Class A (a) | | 33,843 | 9,245,231 |
| | | 339,542,212 |
Technology Hardware, Storage & Peripherals - 5.5% | | | |
Apple, Inc. | | 904,955 | 160,692,859 |
Samsung Electronics Co. Ltd. | | 145,830 | 9,604,651 |
| | | 170,297,510 |
TOTAL INFORMATION TECHNOLOGY | | | 921,361,937 |
MATERIALS - 4.0% | | | |
Chemicals - 2.0% | | | |
Albemarle Corp. U.S. | | 16,593 | 3,878,946 |
Celanese Corp. Class A | | 11,993 | 2,015,544 |
CF Industries Holdings, Inc. | | 132,221 | 9,358,602 |
DuPont de Nemours, Inc. | | 316,783 | 25,589,731 |
International Flavors & Fragrances, Inc. | | 7,334 | 1,104,867 |
Linde PLC | | 9,400 | 3,256,442 |
Olin Corp. | | 9,000 | 517,680 |
Sherwin-Williams Co. | | 20,466 | 7,207,307 |
The Mosaic Co. | | 269,700 | 10,596,513 |
| | | 63,525,632 |
Containers & Packaging - 0.2% | | | |
Avery Dennison Corp. | | 34,127 | 7,390,884 |
Metals & Mining - 1.8% | | | |
First Quantum Minerals Ltd. | | 159,700 | 3,821,589 |
Franco-Nevada Corp. | | 3,899 | 539,224 |
Freeport-McMoRan, Inc. | | 950,353 | 39,658,231 |
Glencore Xstrata PLC | | 60,000 | 305,717 |
Nucor Corp. | | 93,600 | 10,684,440 |
| | | 55,009,201 |
TOTAL MATERIALS | | | 125,925,717 |
REAL ESTATE - 1.3% | | | |
Equity Real Estate Investment Trusts (REITs) - 1.2% | | | |
American Tower Corp. | | 70,100 | 20,504,250 |
Equity Residential (SBI) | | 74,937 | 6,781,799 |
Lamar Advertising Co. Class A | | 77,398 | 9,388,377 |
| | | 36,674,426 |
Real Estate Management & Development - 0.1% | | | |
Jones Lang LaSalle, Inc. (a) | | 18,644 | 5,021,575 |
TOTAL REAL ESTATE | | | 41,696,001 |
UTILITIES - 0.7% | | | |
Electric Utilities - 0.7% | | | |
NextEra Energy, Inc. | | 222,000 | 20,725,920 |
Independent Power and Renewable Electricity Producers - 0.0% | | | |
Brookfield Renewable Corp. | | 17,400 | 640,318 |
NextEra Energy Partners LP | | 14,600 | 1,232,240 |
| | | 1,872,558 |
TOTAL UTILITIES | | | 22,598,478 |
TOTAL COMMON STOCKS (Cost $1,842,192,478) | | | 3,087,493,495 |
| | | |
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. Securities 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. 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)
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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