Quarterly Holdings Report
for
Fidelity Advisor® Diversified Stock Fund
June 30, 2022
ADESI-NPRT3-0822
1.804792.118
Common Stocks - 94.1% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 8.1% | |||
Diversified Telecommunication Services - 0.6% | |||
Verizon Communications, Inc. | 278,800 | 14,149,100 | |
Entertainment - 0.4% | |||
Electronic Arts, Inc. | 10,367 | 1,261,146 | |
Endeavor Group Holdings, Inc. (a) | 109,135 | 2,243,816 | |
Netflix, Inc. (a) | 38,900 | 6,802,443 | |
10,307,405 | |||
Interactive Media & Services - 6.5% | |||
Alphabet, Inc. Class C (a) | 62,623 | 136,984,681 | |
Meta Platforms, Inc. Class A (a) | 117,831 | 19,000,249 | |
Snap, Inc. Class A (a) | 43,900 | 576,407 | |
Twitter, Inc. (a) | 54,500 | 2,037,755 | |
158,599,092 | |||
Media - 0.6% | |||
Charter Communications, Inc. Class A (a) | 31,500 | 14,758,695 | |
Liberty Media Corp. Liberty Formula One Group Series C (a) | 11,400 | 723,558 | |
15,482,253 | |||
TOTAL COMMUNICATION SERVICES | 198,537,850 | ||
CONSUMER DISCRETIONARY - 7.7% | |||
Hotels, Restaurants & Leisure - 3.0% | |||
Airbnb, Inc. Class A (a) | 98,702 | 8,792,374 | |
Booking Holdings, Inc. (a) | 2,047 | 3,580,183 | |
Chipotle Mexican Grill, Inc. (a) | 600 | 784,356 | |
Compass Group PLC | 614,805 | 12,622,802 | |
Hilton Worldwide Holdings, Inc. | 197,084 | 21,963,041 | |
Marriott International, Inc. Class A | 173,221 | 23,559,788 | |
Penn National Gaming, Inc. (a) | 80,274 | 2,441,935 | |
73,744,479 | |||
Household Durables - 0.1% | |||
NVR, Inc. (a) | 550 | 2,202,277 | |
Internet & Direct Marketing Retail - 2.5% | |||
Amazon.com, Inc. (a) | 455,800 | 48,410,518 | |
JD.com, Inc. sponsored ADR | 76,200 | 4,893,564 | |
Revolve Group, Inc. (a) | 25,900 | 671,069 | |
Uber Technologies, Inc. (a) | 302,372 | 6,186,531 | |
60,161,682 | |||
Multiline Retail - 1.0% | |||
Dollar General Corp. | 94,600 | 23,218,624 | |
Target Corp. | 10,000 | 1,412,300 | |
24,630,924 | |||
Specialty Retail - 0.7% | |||
Aritzia, Inc. (a) | 24,000 | 649,782 | |
Industria de Diseno Textil SA (b) | 103,800 | 2,358,904 | |
Lowe's Companies, Inc. | 56,182 | 9,813,310 | |
TJX Companies, Inc. | 83,340 | 4,654,539 | |
17,476,535 | |||
Textiles, Apparel & Luxury Goods - 0.4% | |||
LVMH Moet Hennessy Louis Vuitton SE | 5,967 | 3,657,043 | |
Moncler SpA | 13,867 | 594,792 | |
NIKE, Inc. Class B | 31,281 | 3,196,918 | |
On Holding AG | 6,700 | 118,523 | |
Tory Burch LLC (a)(c)(d)(e) | 28,846 | 1,301,230 | |
8,868,506 | |||
TOTAL CONSUMER DISCRETIONARY | 187,084,403 | ||
CONSUMER STAPLES - 6.0% | |||
Beverages - 4.3% | |||
Constellation Brands, Inc. Class A (sub. vtg.) | 15,400 | 3,589,124 | |
Diageo PLC | 524,365 | 22,648,749 | |
Monster Beverage Corp. (a) | 235,740 | 21,853,098 | |
The Coca-Cola Co. | 904,496 | 56,901,843 | |
104,992,814 | |||
Food & Staples Retailing - 0.1% | |||
U.S. Foods Holding Corp. (a) | 47,692 | 1,463,191 | |
Food Products - 0.1% | |||
Mondelez International, Inc. | 19,149 | 1,188,961 | |
Household Products - 0.4% | |||
Kimberly-Clark Corp. | 70,600 | 9,541,590 | |
The Clorox Co. | 4,400 | 620,312 | |
10,161,902 | |||
Tobacco - 1.1% | |||
Philip Morris International, Inc. | 274,700 | 27,123,878 | |
Swedish Match Co. AB | 71,500 | 729,482 | |
27,853,360 | |||
TOTAL CONSUMER STAPLES | 145,660,228 | ||
ENERGY - 12.0% | |||
Energy Equipment & Services - 2.9% | |||
Baker Hughes Co. Class A | 830,800 | 23,985,196 | |
Halliburton Co. | 720,000 | 22,579,200 | |
NOV, Inc. | 288,800 | 4,883,608 | |
Schlumberger Ltd. | 546,300 | 19,535,688 | |
TechnipFMC PLC (a) | 211,200 | 1,421,376 | |
72,405,068 | |||
Oil, Gas & Consumable Fuels - 9.1% | |||
Antero Resources Corp. (a) | 230,200 | 7,055,630 | |
Canadian Natural Resources Ltd. | 511,600 | 27,491,743 | |
Cheniere Energy, Inc. | 18,400 | 2,447,752 | |
Chevron Corp. | 46,300 | 6,703,314 | |
Denbury, Inc. (a) | 22,100 | 1,325,779 | |
Devon Energy Corp. | 85,833 | 4,730,257 | |
EOG Resources, Inc. | 245,519 | 27,115,118 | |
EQT Corp. | 251,900 | 8,665,360 | |
Exxon Mobil Corp. | 686,234 | 58,769,080 | |
Hess Corp. | 343,395 | 36,379,266 | |
Neste OYJ | 28,000 | 1,239,431 | |
Peabody Energy Corp. (a)(b) | 23,000 | 490,590 | |
Phillips 66 Co. | 18,700 | 1,533,213 | |
Pioneer Natural Resources Co. | 92,003 | 20,524,029 | |
Range Resources Corp. (a) | 206,423 | 5,108,969 | |
Valero Energy Corp. | 108,200 | 11,499,496 | |
221,079,027 | |||
TOTAL ENERGY | 293,484,095 | ||
FINANCIALS - 7.0% | |||
Banks - 2.1% | |||
Bank of America Corp. | 833,126 | 25,935,212 | |
Huntington Bancshares, Inc. | 86,000 | 1,034,580 | |
M&T Bank Corp. | 2,500 | 398,475 | |
Starling Bank Ltd. Series D (a)(d)(e) | 879,300 | 2,523,937 | |
Truist Financial Corp. | 14,056 | 666,676 | |
Wells Fargo & Co. | 551,668 | 21,608,836 | |
52,167,716 | |||
Capital Markets - 1.4% | |||
Charles Schwab Corp. | 91,352 | 5,771,619 | |
Intercontinental Exchange, Inc. | 209,400 | 19,691,976 | |
Morningstar, Inc. | 11,261 | 2,723,248 | |
Raymond James Financial, Inc. | 61,100 | 5,462,951 | |
33,649,794 | |||
Consumer Finance - 0.4% | |||
American Express Co. | 63,444 | 8,794,607 | |
Diversified Financial Services - 0.4% | |||
Berkshire Hathaway, Inc. Class B (a) | 39,845 | 10,878,482 | |
Insurance - 2.7% | |||
American Financial Group, Inc. | 49,923 | 6,929,812 | |
Arthur J. Gallagher & Co. | 107,154 | 17,470,388 | |
Chubb Ltd. | 20,100 | 3,951,258 | |
Hartford Financial Services Group, Inc. | 59,400 | 3,886,542 | |
Marsh & McLennan Companies, Inc. | 6,400 | 993,600 | |
Progressive Corp. | 7,800 | 906,906 | |
The Travelers Companies, Inc. | 182,842 | 30,924,067 | |
65,062,573 | |||
TOTAL FINANCIALS | 170,553,172 | ||
HEALTH CARE - 18.7% | |||
Biotechnology - 3.4% | |||
Argenx SE ADR (a) | 18,400 | 6,971,392 | |
Intellia Therapeutics, Inc. (a) | 25,900 | 1,340,584 | |
Legend Biotech Corp. ADR (a) | 82,920 | 4,560,600 | |
Nuvalent, Inc. Class A (a) | 11,100 | 150,516 | |
Regeneron Pharmaceuticals, Inc. (a) | 45,055 | 26,633,362 | |
Seagen, Inc. (a) | 4,100 | 725,454 | |
Vertex Pharmaceuticals, Inc. (a) | 148,700 | 41,902,173 | |
82,284,081 | |||
Health Care Equipment & Supplies - 0.5% | |||
Boston Scientific Corp. (a) | 139,737 | 5,207,998 | |
Stryker Corp. | 28,149 | 5,599,681 | |
10,807,679 | |||
Health Care Providers & Services - 7.8% | |||
agilon health, Inc. (a) | 75,000 | 1,637,250 | |
Cardinal Health, Inc. | 83,800 | 4,380,226 | |
Centene Corp. (a) | 381,500 | 32,278,715 | |
Cigna Corp. | 61,900 | 16,311,888 | |
Guardant Health, Inc. (a) | 17,700 | 714,018 | |
Humana, Inc. | 27,275 | 12,766,609 | |
Oak Street Health, Inc. (a) | 95,700 | 1,573,308 | |
UnitedHealth Group, Inc. | 232,408 | 119,371,721 | |
189,033,735 | |||
Health Care Technology - 0.0% | |||
Inspire Medical Systems, Inc. (a) | 4,000 | 730,680 | |
Life Sciences Tools & Services - 1.4% | |||
Agilent Technologies, Inc. | 22,200 | 2,636,694 | |
Danaher Corp. | 40,850 | 10,356,292 | |
Thermo Fisher Scientific, Inc. | 40,433 | 21,966,440 | |
34,959,426 | |||
Pharmaceuticals - 5.6% | |||
AstraZeneca PLC sponsored ADR | 318,800 | 21,063,116 | |
Bristol-Myers Squibb Co. | 84,200 | 6,483,400 | |
Eli Lilly & Co. | 171,538 | 55,617,766 | |
Merck & Co., Inc. | 250,000 | 22,792,500 | |
Pfizer, Inc. | 224,800 | 11,786,264 | |
Zoetis, Inc. Class A | 112,850 | 19,397,787 | |
137,140,833 | |||
TOTAL HEALTH CARE | 454,956,434 | ||
INDUSTRIALS - 7.1% | |||
Aerospace & Defense - 3.4% | |||
Airbus Group NV | 42,000 | 4,108,016 | |
Howmet Aerospace, Inc. | 92,500 | 2,909,125 | |
Lockheed Martin Corp. | 83,900 | 36,073,644 | |
Northrop Grumman Corp. | 71,290 | 34,117,255 | |
The Boeing Co. (a) | 47,203 | 6,453,594 | |
83,661,634 | |||
Air Freight & Logistics - 0.4% | |||
FedEx Corp. | 25,200 | 5,713,092 | |
United Parcel Service, Inc. Class B | 15,661 | 2,858,759 | |
8,571,851 | |||
Airlines - 0.1% | |||
Delta Air Lines, Inc. (a) | 66,100 | 1,914,917 | |
Building Products - 0.4% | |||
Trane Technologies PLC | 69,049 | 8,967,394 | |
Construction & Engineering - 0.9% | |||
Fluor Corp. (a) | 259,500 | 6,316,230 | |
Quanta Services, Inc. (b) | 118,922 | 14,905,683 | |
21,221,913 | |||
Electrical Equipment - 0.1% | |||
Acuity Brands, Inc. | 21,600 | 3,327,264 | |
Fluence Energy, Inc. (b) | 23,800 | 225,624 | |
3,552,888 | |||
Machinery - 1.5% | |||
Caterpillar, Inc. | 109,500 | 19,574,220 | |
Deere & Co. | 48,900 | 14,644,083 | |
Otis Worldwide Corp. | 46,104 | 3,258,170 | |
37,476,473 | |||
Road & Rail - 0.3% | |||
Canadian Pacific Railway Ltd. (b) | 93,900 | 6,557,976 | |
TOTAL INDUSTRIALS | 171,925,046 | ||
INFORMATION TECHNOLOGY - 19.9% | |||
IT Services - 5.1% | |||
Accenture PLC Class A | 122,223 | 33,935,216 | |
MasterCard, Inc. Class A | 186,759 | 58,918,729 | |
Twilio, Inc. Class A (a) | 53,200 | 4,458,692 | |
Visa, Inc. Class A | 134,300 | 26,442,327 | |
123,754,964 | |||
Semiconductors & Semiconductor Equipment - 2.9% | |||
Advanced Micro Devices, Inc. (a) | 51,751 | 3,957,399 | |
GlobalFoundries, Inc. | 115,400 | 4,655,236 | |
Lam Research Corp. | 16,701 | 7,117,131 | |
Marvell Technology, Inc. | 1,010,548 | 43,989,154 | |
NVIDIA Corp. | 30,711 | 4,655,480 | |
onsemi (a) | 98,300 | 4,945,473 | |
Teradyne, Inc. | 25,200 | 2,256,660 | |
71,576,533 | |||
Software - 7.2% | |||
Adobe, Inc. (a) | 18,019 | 6,596,035 | |
Confluent, Inc. (b) | 23,700 | 550,788 | |
Dynatrace, Inc. (a) | 49,236 | 1,941,868 | |
Intuit, Inc. | 31,754 | 12,239,262 | |
Microsoft Corp. | 567,613 | 145,780,050 | |
Salesforce.com, Inc. (a) | 32,695 | 5,395,983 | |
Tenable Holdings, Inc. (a) | 41,209 | 1,871,301 | |
Zoom Video Communications, Inc. Class A (a) | 2,400 | 259,128 | |
174,634,415 | |||
Technology Hardware, Storage & Peripherals - 4.7% | |||
Apple, Inc. | 838,355 | 114,619,896 | |
TOTAL INFORMATION TECHNOLOGY | 484,585,808 | ||
MATERIALS - 3.8% | |||
Chemicals - 1.1% | |||
Albemarle Corp. | 9,000 | 1,880,820 | |
CF Industries Holdings, Inc. | 80,221 | 6,877,346 | |
Corteva, Inc. | 16,400 | 887,896 | |
DuPont de Nemours, Inc. | 15,583 | 866,103 | |
Nutrien Ltd. | 64,800 | 5,163,912 | |
Sherwin-Williams Co. | 25,066 | 5,612,528 | |
The Mosaic Co. | 120,300 | 5,681,769 | |
26,970,374 | |||
Metals & Mining - 2.7% | |||
Alcoa Corp. | 51,700 | 2,356,486 | |
Barrick Gold Corp. | 387,200 | 6,849,568 | |
First Quantum Minerals Ltd. | 195,200 | 3,703,219 | |
Franco-Nevada Corp. | 4,111 | 540,766 | |
Freeport-McMoRan, Inc. | 415,153 | 12,147,377 | |
Glencore Xstrata PLC | 803,300 | 4,351,023 | |
Newmont Corp. | 556,000 | 33,176,520 | |
Nucor Corp. | 35,600 | 3,716,996 | |
66,841,955 | |||
TOTAL MATERIALS | 93,812,329 | ||
REAL ESTATE - 0.8% | |||
Equity Real Estate Investment Trusts (REITs) - 0.7% | |||
American Tower Corp. | 18,900 | 4,830,651 | |
Lamar Advertising Co. Class A | 32,798 | 2,885,240 | |
Prologis (REIT), Inc. | 39,300 | 4,623,645 | |
SL Green Realty Corp. | 71,437 | 3,296,818 | |
15,636,354 | |||
Real Estate Management & Development - 0.1% | |||
Jones Lang LaSalle, Inc. (a) | 6,844 | 1,196,742 | |
WeWork, Inc. (a) | 355,600 | 1,785,112 | |
2,981,854 | |||
TOTAL REAL ESTATE | 18,618,208 | ||
UTILITIES - 3.0% | |||
Electric Utilities - 2.7% | |||
Entergy Corp. | 106,400 | 11,984,896 | |
Exelon Corp. | 5,400 | 244,728 | |
NextEra Energy, Inc. | 276,800 | 21,440,928 | |
PG&E Corp. (a) | 40,000 | 399,200 | |
Southern Co. | 446,600 | 31,847,046 | |
65,916,798 | |||
Independent Power and Renewable Electricity Producers - 0.3% | |||
NextEra Energy Partners LP | 14,600 | 1,082,736 | |
Vistra Corp. | 258,100 | 5,897,585 | |
6,980,321 | |||
TOTAL UTILITIES | 72,897,119 | ||
TOTAL COMMON STOCKS (Cost $1,821,654,602) | 2,292,114,692 | ||
Convertible Preferred Stocks - 0.4% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 0.0% | |||
Interactive Media & Services - 0.0% | |||
Reddit, Inc. Series E (a)(d)(e) | 3,500 | 137,550 | |
INFORMATION TECHNOLOGY - 0.4% | |||
IT Services - 0.4% | |||
ByteDance Ltd. Series E1 (a)(d)(e) | 17,226 | 2,625,931 | |
Yanka Industries, Inc.: | |||
Series E (a)(d)(e) | 165,574 | 3,155,840 | |
Series F (a)(d)(e) | 265,105 | 5,052,901 | |
10,834,672 | |||
Software - 0.0% | |||
Evozyne LLC Series A (a)(d)(e) | 20,000 | 258,800 | |
TOTAL INFORMATION TECHNOLOGY | 11,093,472 | ||
TOTAL CONVERTIBLE PREFERRED STOCKS (Cost $12,936,285) | 11,231,022 | ||
Money Market Funds - 5.8% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 1.58% (f) | 116,205,805 | 116,229,046 | |
Fidelity Securities Lending Cash Central Fund 1.58% (f)(g) | 24,520,988 | 24,523,440 | |
TOTAL MONEY MARKET FUNDS (Cost $140,752,486) | 140,752,486 | ||
TOTAL INVESTMENT IN SECURITIES - 100.3% (Cost $1,975,343,373) | 2,444,098,200 |
NET OTHER ASSETS (LIABILITIES) - (0.3)% | (7,271,219) |
NET ASSETS - 100.0% | 2,436,826,981 |
Legend
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | Investment is owned by a wholly-owned subsidiary (Subsidiary) that is treated as a corporation for U.S. tax purposes. |
(d) | Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $15,056,189 or 0.6% of net assets. |
(e) | Level 3 security |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
ByteDance Ltd. Series E1 | 11/18/20 | 1,887,525 |
Evozyne LLC Series A | 4/09/21 | 449,400 |
Reddit, Inc. Series E | 5/18/21 | 148,660 |
Starling Bank Ltd. Series D | 6/18/21 - 4/05/22 | 1,694,172 |
Tory Burch LLC | 5/14/15 | 2,152,730 |
Yanka Industries, Inc. Series E | 5/15/20 | 2,000,001 |
Yanka Industries, Inc. Series F | 4/08/21 | 8,450,699 |
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | %ownership, end of period |
Fidelity Cash Central Fund 1.58% | 42,645,779 | 379,605,184 | 306,021,917 | 232,063 | - | - | 116,229,046 | 0.2% |
Fidelity Securities Lending Cash Central Fund 1.58% | 22,610,039 | 318,441,055 | 316,527,654 | 31,929 | - | - | 24,523,440 | 0.1% |
Total | 65,255,818 | 698,046,239 | 622,549,571 | 263,992 | - | - | 140,752,486 |
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.
Investment Valuation
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 1 - Unadjusted quoted prices in active markets for identical investments
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)
Valuation techniques used to value investments by major category are as follows:
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For any foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.
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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