Quarterly Holdings Report
for
Fidelity Advisor® Equity Growth Fund
February 28, 2022
EPG-NPRT1-0422
1.797923.118
Common Stocks - 98.6% | |||
Shares | Value ($) (000s) | ||
COMMUNICATION SERVICES - 17.7% | |||
Entertainment - 3.6% | |||
Take-Two Interactive Software, Inc. (a) | 147,518 | 23,898 | |
Universal Music Group NV | 2,992,675 | 68,330 | |
Warner Music Group Corp. Class A | 2,001,843 | 72,507 | |
164,735 | |||
Interactive Media & Services - 13.0% | |||
Alphabet, Inc. Class A (a) | 176,895 | 477,818 | |
Meta Platforms, Inc. Class A (a) | 500,739 | 105,671 | |
ZipRecruiter, Inc. (a) | 136,000 | 2,717 | |
Zoominfo Technologies, Inc. (a) | 216,100 | 11,819 | |
598,025 | |||
Media - 1.1% | |||
Charter Communications, Inc. Class A (a) | 23,700 | 14,262 | |
Innovid Corp. (b) | 242,614 | 922 | |
Liberty Media Corp. Liberty Formula One Group Series C (a) | 584,500 | 35,497 | |
50,681 | |||
TOTAL COMMUNICATION SERVICES | 813,441 | ||
CONSUMER DISCRETIONARY - 9.2% | |||
Automobiles - 0.5% | |||
Ferrari NV | 114,411 | 24,634 | |
XPeng, Inc. ADR (a) | 19,500 | 709 | |
25,343 | |||
Diversified Consumer Services - 0.7% | |||
Laureate Education, Inc. Class A | 2,031,744 | 22,024 | |
Mister Car Wash, Inc. | 536,000 | 8,587 | |
30,611 | |||
Hotels, Restaurants & Leisure - 0.8% | |||
Airbnb, Inc. Class A (a) | 174,600 | 26,450 | |
Flutter Entertainment PLC (a) | 85,600 | 12,324 | |
38,774 | |||
Household Durables - 0.0% | |||
Blu Investments LLC (a)(b)(c) | 12,123,162 | 4 | |
Internet & Direct Marketing Retail - 5.4% | |||
Amazon.com, Inc. (a) | 80,602 | 247,550 | |
Leisure Products - 0.2% | |||
Peloton Interactive, Inc. Class A (a)(d) | 286,900 | 8,337 | |
Specialty Retail - 0.8% | |||
Aritzia, Inc. (a) | 89,600 | 3,407 | |
Floor & Decor Holdings, Inc. Class A (a) | 46,300 | 4,427 | |
Victoria's Secret & Co. (a) | 508,800 | 27,287 | |
35,121 | |||
Textiles, Apparel & Luxury Goods - 0.8% | |||
LVMH Moet Hennessy Louis Vuitton SE | 29,217 | 21,472 | |
On Holding AG | 11,400 | 278 | |
Samsonite International SA (a)(e) | 7,362,900 | 16,394 | |
38,144 | |||
TOTAL CONSUMER DISCRETIONARY | 423,884 | ||
CONSUMER STAPLES - 2.7% | |||
Beverages - 2.1% | |||
Keurig Dr. Pepper, Inc. | 608,800 | 23,542 | |
Monster Beverage Corp. (a) | 344,377 | 29,065 | |
The Coca-Cola Co. | 720,900 | 44,869 | |
97,476 | |||
Household Products - 0.6% | |||
Reckitt Benckiser Group PLC | 286,308 | 24,244 | |
TOTAL CONSUMER STAPLES | 121,720 | ||
ENERGY - 2.3% | |||
Energy Equipment & Services - 0.0% | |||
Baker Hughes Co. Class A | 85,000 | 2,497 | |
Oil, Gas & Consumable Fuels - 2.3% | |||
Canadian Natural Resources Ltd. (d) | 188,800 | 10,541 | |
Cheniere Energy, Inc. | 121,700 | 16,174 | |
Denbury, Inc. (a) | 10,819 | 786 | |
Range Resources Corp. (a) | 341,100 | 7,828 | |
Reliance Industries Ltd. | 2,230,325 | 69,684 | |
105,013 | |||
TOTAL ENERGY | 107,510 | ||
FINANCIALS - 5.1% | |||
Banks - 0.1% | |||
HDFC Bank Ltd. | 135,292 | 2,562 | |
Capital Markets - 3.3% | |||
BlackRock, Inc. Class A | 32,800 | 24,400 | |
CME Group, Inc. | 325,880 | 77,080 | |
MarketAxess Holdings, Inc. | 47,900 | 18,270 | |
Morningstar, Inc. | 29,100 | 8,167 | |
MSCI, Inc. | 38,311 | 19,220 | |
S&P Global, Inc. | 12,300 | 4,621 | |
151,758 | |||
Insurance - 1.7% | |||
American Financial Group, Inc. | 156,010 | 21,122 | |
Arthur J. Gallagher & Co. | 231,131 | 36,563 | |
BRP Group, Inc. (a) | 273,400 | 7,592 | |
Marsh & McLennan Companies, Inc. | 77,300 | 12,013 | |
77,290 | |||
TOTAL FINANCIALS | 231,610 | ||
HEALTH CARE - 14.6% | |||
Biotechnology - 4.2% | |||
Adamas Pharmaceuticals, Inc.: | |||
rights (a)(c) | 1,000,100 | 60 | |
rights (a)(c) | 1,000,100 | 60 | |
Affimed NV (a) | 337,485 | 1,488 | |
Alnylam Pharmaceuticals, Inc. (a) | 47,800 | 7,545 | |
Applied Therapeutics, Inc. (a) | 82,690 | 155 | |
Atara Biotherapeutics, Inc. (a) | 232,900 | 2,993 | |
BioNTech SE ADR (a) | 19,007 | 2,866 | |
Cytokinetics, Inc. (a) | 111,500 | 3,938 | |
EQRx, Inc. (a) | 243,811 | 736 | |
Erasca, Inc. | 55,500 | 688 | |
Evelo Biosciences, Inc. (a) | 34,000 | 106 | |
Galapagos NV sponsored ADR (a) | 25,924 | 1,717 | |
Gamida Cell Ltd. (a)(d) | 934,668 | 3,140 | |
Hookipa Pharma, Inc. (a)(d) | 211,900 | 509 | |
Innovent Biologics, Inc. (a)(e) | 615,500 | 2,753 | |
Insmed, Inc. (a)(d) | 444,589 | 10,626 | |
Prelude Therapeutics, Inc. (a) | 17,000 | 150 | |
Regeneron Pharmaceuticals, Inc. (a) | 61,557 | 38,064 | |
Rubius Therapeutics, Inc. (a) | 80,596 | 402 | |
Seagen, Inc. (a) | 103,000 | 13,274 | |
Seres Therapeutics, Inc. (a) | 96,200 | 770 | |
Synlogic, Inc. (a) | 664,600 | 1,316 | |
Vertex Pharmaceuticals, Inc. (a) | 413,312 | 95,070 | |
Vor Biopharma, Inc. (a) | 252,839 | 2,283 | |
XOMA Corp. (a)(d) | 173,800 | 3,811 | |
194,520 | |||
Health Care Equipment & Supplies - 1.7% | |||
Axonics Modulation Technologies, Inc. (a) | 126,300 | 7,169 | |
Edwards Lifesciences Corp. (a) | 217,200 | 24,407 | |
Insulet Corp. (a) | 5,300 | 1,403 | |
Intuitive Surgical, Inc. (a) | 126,553 | 36,742 | |
Nevro Corp. (a) | 30,000 | 2,151 | |
Penumbra, Inc. (a) | 34,886 | 7,736 | |
79,608 | |||
Health Care Providers & Services - 5.4% | |||
Guardant Health, Inc. (a) | 75,915 | 5,031 | |
HealthEquity, Inc. (a) | 627,900 | 33,725 | |
UnitedHealth Group, Inc. | 434,015 | 206,535 | |
245,291 | |||
Health Care Technology - 0.3% | |||
Certara, Inc. (a) | 349,023 | 8,844 | |
Simulations Plus, Inc. (d) | 57,000 | 2,245 | |
11,089 | |||
Life Sciences Tools & Services - 1.8% | |||
10X Genomics, Inc. (a) | 31,196 | 2,542 | |
Bio-Techne Corp. | 29,400 | 12,331 | |
Bruker Corp. | 289,771 | 20,391 | |
Codexis, Inc. (a) | 287,504 | 5,730 | |
Danaher Corp. | 141,995 | 38,965 | |
Nanostring Technologies, Inc. (a) | 62,300 | 2,209 | |
Olink Holding AB ADR (a) | 16,200 | 277 | |
82,445 | |||
Pharmaceuticals - 1.2% | |||
Aclaris Therapeutics, Inc. (a) | 144,100 | 2,147 | |
Eli Lilly & Co. | 197,187 | 49,287 | |
Nuvation Bio, Inc. (a) | 186,501 | 944 | |
Revance Therapeutics, Inc. (a) | 251,100 | 3,407 | |
55,785 | |||
TOTAL HEALTH CARE | 668,738 | ||
INDUSTRIALS - 6.3% | |||
Aerospace & Defense - 0.5% | |||
Axon Enterprise, Inc. (a) | 57,900 | 8,120 | |
Northrop Grumman Corp. | 32,300 | 14,281 | |
22,401 | |||
Airlines - 0.7% | |||
Ryanair Holdings PLC sponsored ADR (a) | 335,280 | 33,431 | |
Electrical Equipment - 0.9% | |||
Ballard Power Systems, Inc. (a)(d) | 17,100 | 195 | |
Bloom Energy Corp. Class A (a)(d) | 87,000 | 1,931 | |
Ceres Power Holdings PLC (a) | 798,800 | 7,491 | |
Eaton Corp. PLC | 32,200 | 4,968 | |
Generac Holdings, Inc. (a) | 65,551 | 20,679 | |
Vestas Wind Systems A/S | 138,600 | 4,469 | |
39,733 | |||
Machinery - 0.9% | |||
Ingersoll Rand, Inc. | 622,035 | 31,425 | |
Otis Worldwide Corp. | 122,000 | 9,556 | |
40,981 | |||
Professional Services - 1.7% | |||
ASGN, Inc. (a) | 80,600 | 8,930 | |
Clarivate Analytics PLC (a)(d) | 854,500 | 12,800 | |
CoStar Group, Inc. (a) | 25,400 | 1,550 | |
KBR, Inc. | 816,536 | 40,533 | |
Kforce, Inc. | 42,200 | 3,173 | |
Upwork, Inc. (a) | 461,488 | 11,666 | |
78,652 | |||
Road & Rail - 0.6% | |||
Uber Technologies, Inc. (a) | 778,923 | 28,065 | |
Trading Companies & Distributors - 1.0% | |||
Azelis Group NV | 79,500 | 1,612 | |
Ferguson PLC | 218,000 | 33,218 | |
United Rentals, Inc. (a) | 31,400 | 10,099 | |
44,929 | |||
TOTAL INDUSTRIALS | 288,192 | ||
INFORMATION TECHNOLOGY - 35.3% | |||
Electronic Equipment & Components - 0.1% | |||
Hon Hai Precision Industry Co. Ltd. (Foxconn) | 1,740,000 | 6,465 | |
IT Services - 2.8% | |||
Amadeus IT Holding SA Class A (a) | 205,500 | 13,558 | |
Cloudflare, Inc. (a) | 60,454 | 7,038 | |
Cognizant Technology Solutions Corp. Class A | 538,600 | 46,390 | |
MasterCard, Inc. Class A | 40,627 | 14,659 | |
MongoDB, Inc. Class A (a) | 86,068 | 32,877 | |
Okta, Inc. (a) | 5,000 | 914 | |
VeriSign, Inc. (a) | 65,100 | 13,913 | |
129,349 | |||
Semiconductors & Semiconductor Equipment - 7.1% | |||
Aixtron AG | 434,700 | 9,305 | |
Allegro MicroSystems LLC (a) | 33,600 | 963 | |
ASML Holding NV | 33,251 | 22,162 | |
eMemory Technology, Inc. | 36,000 | 2,430 | |
Enphase Energy, Inc. (a) | 124,300 | 20,721 | |
NVIDIA Corp. | 497,984 | 121,433 | |
Qualcomm, Inc. | 518,492 | 89,175 | |
Silicon Laboratories, Inc. (a) | 8,920 | 1,371 | |
SiTime Corp. (a) | 39,900 | 8,065 | |
SolarEdge Technologies, Inc. (a) | 80,800 | 25,809 | |
Universal Display Corp. | 143,400 | 22,214 | |
323,648 | |||
Software - 19.4% | |||
Adobe, Inc. (a) | 213,391 | 99,799 | |
Confluent, Inc. | 64,000 | 2,739 | |
Coupa Software, Inc. (a) | 87,800 | 10,625 | |
Elastic NV (a) | 3,012 | 261 | |
Epic Games, Inc. (a)(b)(c) | 3,289 | 2,421 | |
HashiCorp, Inc. | 44,400 | 2,237 | |
HubSpot, Inc. (a) | 2,100 | 1,103 | |
Intuit, Inc. | 82,962 | 39,355 | |
Mandiant, Inc. (a) | 3,286,420 | 65,071 | |
Manhattan Associates, Inc. (a) | 154,527 | 20,657 | |
Microsoft Corp. | 1,730,703 | 517,120 | |
Oracle Corp. | 429,900 | 32,660 | |
Palo Alto Networks, Inc. (a) | 151,313 | 89,918 | |
Samsara, Inc. | 27,300 | 477 | |
Volue A/S (a) | 905,100 | 4,319 | |
888,762 | |||
Technology Hardware, Storage & Peripherals - 5.9% | |||
Apple, Inc. | 1,637,490 | 270,382 | |
TOTAL INFORMATION TECHNOLOGY | 1,618,606 | ||
MATERIALS - 4.7% | |||
Chemicals - 3.1% | |||
Albemarle Corp. U.S. | 195,771 | 38,350 | |
CF Industries Holdings, Inc. | 515,400 | 41,845 | |
Sherwin-Williams Co. | 163,594 | 43,046 | |
The Chemours Co. LLC | 691,100 | 19,074 | |
142,315 | |||
Metals & Mining - 1.6% | |||
First Quantum Minerals Ltd. | 438,900 | 12,871 | |
Freeport-McMoRan, Inc. | 885,700 | 41,584 | |
Lynas Rare Earths Ltd. (a) | 1,647,684 | 12,472 | |
MP Materials Corp. (a)(d) | 144,000 | 6,569 | |
73,496 | |||
TOTAL MATERIALS | 215,811 | ||
REAL ESTATE - 0.6% | |||
Equity Real Estate Investment Trusts (REITs) - 0.5% | |||
Prologis (REIT), Inc. | 150,000 | 21,878 | |
Welltower, Inc. | 28,200 | 2,349 | |
24,227 | |||
Real Estate Management & Development - 0.1% | |||
Doma Holdings, Inc. (b) | 487,314 | 1,296 | |
TOTAL REAL ESTATE | 25,523 | ||
UTILITIES - 0.1% | |||
Electric Utilities - 0.1% | |||
ORSTED A/S (e) | 35,500 | 4,594 | |
Independent Power and Renewable Electricity Producers - 0.0% | |||
Brookfield Renewable Partners LP | 60,000 | 2,155 | |
TOTAL UTILITIES | 6,749 | ||
TOTAL COMMON STOCKS (Cost $2,738,898) | 4,521,784 | ||
Convertible Preferred Stocks - 0.3% | |||
Shares | Value ($) (000s) | ||
HEALTH CARE - 0.0% | |||
Biotechnology - 0.0% | |||
ElevateBio LLC Series C (b)(c) | 111,100 | 402 | |
INFORMATION TECHNOLOGY - 0.0% | |||
IT Services - 0.0% | |||
AppNexus, Inc. Series E (Escrow) (a)(b)(c) | 105,425 | 3 | |
Software - 0.0% | |||
ASAPP, Inc. Series C (b)(c) | 367,427 | 1,532 | |
TOTAL INFORMATION TECHNOLOGY | 1,535 | ||
MATERIALS - 0.3% | |||
Metals & Mining - 0.3% | |||
Illuminated Holdings, Inc.: | |||
Series C2 (a)(b)(c) | 76,285 | 3,610 | |
Series C3 (a)(b)(c) | 95,356 | 4,512 | |
Series C4 (a)(b)(c) | 27,230 | 1,289 | |
Series C5 (b)(c) | 53,844 | 2,548 | |
11,959 | |||
TOTAL CONVERTIBLE PREFERRED STOCKS (Cost $10,964) | 13,896 | ||
Money Market Funds - 1.9% | |||
Shares | Value ($) (000s) | ||
Fidelity Cash Central Fund 0.07% (f) | 52,241,132 | 52,252 | |
Fidelity Securities Lending Cash Central Fund 0.07% (f)(g) | 36,150,023 | 36,154 | |
TOTAL MONEY MARKET FUNDS (Cost $88,406) | 88,406 | ||
TOTAL INVESTMENT IN SECURITIES - 100.8% (Cost $2,838,268) | 4,624,086 |
NET OTHER ASSETS (LIABILITIES) - (0.8)% | (36,232) |
NET ASSETS - 100.0% | 4,587,854 |
Any values shown as $0 in the Schedule of Investments may reflect amounts less than $500.
Legend
(a) | Non-income producing |
(b) | 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 $18,539,000 or 0.4% of net assets. |
(c) | Level 3 security |
(d) | Security or a portion of the security is on loan at period end. |
(e) | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $23,741,000 or 0.5% of net assets. |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) (000s) |
AppNexus, Inc. Series E (Escrow) | 8/01/14 | 0 |
ASAPP, Inc. Series C | 4/30/21 | 2,424 |
Blu Investments LLC | 5/21/20 | 21 |
Doma Holdings, Inc. | 3/02/21 | 4,873 |
ElevateBio LLC Series C | 3/09/21 | 466 |
Epic Games, Inc. | 3/29/21 | 2,911 |
Illuminated Holdings, Inc. Series C2 | 7/07/20 | 1,907 |
Illuminated Holdings, Inc. Series C3 | 7/07/20 | 2,861 |
Illuminated Holdings, Inc. Series C4 | 1/08/21 | 980 |
Illuminated Holdings, Inc. Series C5 | 6/16/21 | 2,326 |
Innovid Corp. | 6/24/21 | 2,426 |
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 (Amounts in thousands) | 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 0.07% | 47,883 | 307,518 | 303,149 | 9 | - | - | 52,252 | 0.1% |
Fidelity Securities Lending Cash Central Fund 0.07% | 15,138 | 77,265 | 56,249 | 9 | - | - | 36,154 | 0.1% |
Total | 63,021 | 384,783 | 359,398 | 18 | - | - | 88,406 |
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.
Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.