Quarterly Holdings Report
for
Fidelity Advisor® Series Small Cap Fund
February 28, 2022
AXS5-NPRT1-0422
1.967946.108
Common Stocks - 98.9% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 3.9% | |||
Interactive Media & Services - 2.5% | |||
CarGurus, Inc. Class A (a) | 83,100 | 4,026,195 | |
Cars.com, Inc. (a) | 233,600 | 3,779,648 | |
Ziff Davis, Inc. (a) | 40,784 | 4,102,870 | |
11,908,713 | |||
Media - 1.4% | |||
TechTarget, Inc. (a) | 85,800 | 6,725,004 | |
TOTAL COMMUNICATION SERVICES | 18,633,717 | ||
CONSUMER DISCRETIONARY - 12.1% | |||
Auto Components - 2.2% | |||
Adient PLC (a) | 116,300 | 5,204,425 | |
Patrick Industries, Inc. | 76,781 | 5,477,557 | |
10,681,982 | |||
Hotels, Restaurants & Leisure - 2.5% | |||
Brinker International, Inc. (a) | 93,600 | 3,981,744 | |
Churchill Downs, Inc. | 19,900 | 4,793,313 | |
Lindblad Expeditions Holdings (a) | 187,300 | 3,320,829 | |
12,095,886 | |||
Household Durables - 1.9% | |||
Skyline Champion Corp. (a) | 103,691 | 6,972,183 | |
Tempur Sealy International, Inc. | 66,100 | 2,181,961 | |
9,154,144 | |||
Internet & Direct Marketing Retail - 0.1% | |||
BARK, Inc. (b) | 111,800 | 352,170 | |
Leisure Products - 0.6% | |||
Clarus Corp. (c) | 138,690 | 3,157,971 | |
Specialty Retail - 3.8% | |||
Academy Sports & Outdoors, Inc. | 40,950 | 1,325,552 | |
American Eagle Outfitters, Inc. (c) | 128,600 | 2,710,888 | |
Boot Barn Holdings, Inc. (a) | 26,900 | 2,340,838 | |
Lithia Motors, Inc. Class A (sub. vtg.) | 12,800 | 4,362,496 | |
Murphy U.S.A., Inc. | 22,100 | 3,994,354 | |
Musti Group OYJ | 147,079 | 3,851,122 | |
18,585,250 | |||
Textiles, Apparel & Luxury Goods - 1.0% | |||
Crocs, Inc. (a) | 57,282 | 4,796,222 | |
TOTAL CONSUMER DISCRETIONARY | 58,823,625 | ||
CONSUMER STAPLES - 2.5% | |||
Food & Staples Retailing - 1.5% | |||
BJ's Wholesale Club Holdings, Inc. (a) | 119,134 | 7,489,955 | |
Food Products - 1.0% | |||
Nomad Foods Ltd. (a) | 184,700 | 4,650,746 | |
TOTAL CONSUMER STAPLES | 12,140,701 | ||
ENERGY - 3.6% | |||
Oil, Gas & Consumable Fuels - 3.6% | |||
Antero Resources Corp. (a) | 351,000 | 8,048,430 | |
Denbury, Inc. (a) | 47,100 | 3,422,286 | |
Enviva, Inc. | 49,999 | 3,484,930 | |
Hess Midstream LP (c) | 64,999 | 2,077,368 | |
HollyFrontier Corp. | 17,595 | 535,768 | |
17,568,782 | |||
FINANCIALS - 15.7% | |||
Banks - 8.2% | |||
ConnectOne Bancorp, Inc. | 199,476 | 6,582,708 | |
First Interstate Bancsystem, Inc. | 118,700 | 4,819,220 | |
Independent Bank Group, Inc. | 69,534 | 5,364,548 | |
Metropolitan Bank Holding Corp. (a) | 53,600 | 5,480,600 | |
PacWest Bancorp | 129,000 | 6,375,180 | |
Pinnacle Financial Partners, Inc. | 27,489 | 2,778,588 | |
ServisFirst Bancshares, Inc. | 57,300 | 5,006,874 | |
Trico Bancshares | 83,100 | 3,606,540 | |
40,014,258 | |||
Capital Markets - 3.2% | |||
LPL Financial | 39,500 | 7,147,525 | |
Morningstar, Inc. | 18,464 | 5,181,922 | |
Patria Investments Ltd. | 179,743 | 2,983,734 | |
15,313,181 | |||
Consumer Finance - 0.7% | |||
PROG Holdings, Inc. (a)(c) | 110,408 | 3,382,901 | |
Insurance - 2.5% | |||
Enstar Group Ltd. (a) | 15,441 | 4,401,148 | |
Old Republic International Corp. | 145,700 | 3,839,195 | |
Primerica, Inc. | 29,900 | 3,883,711 | |
12,124,054 | |||
Thrifts & Mortgage Finance - 1.1% | |||
Essent Group Ltd. | 124,400 | 5,495,992 | |
TOTAL FINANCIALS | 76,330,386 | ||
HEALTH CARE - 13.8% | |||
Biotechnology - 4.2% | |||
ADC Therapeutics SA (a) | 19,518 | 325,951 | |
Agios Pharmaceuticals, Inc. (a) | 32,100 | 999,273 | |
Aurinia Pharmaceuticals, Inc. (a)(c) | 57,200 | 703,560 | |
Avid Bioservices, Inc. (a)(c) | 118,615 | 2,429,235 | |
Blueprint Medicines Corp. (a) | 20,900 | 1,265,495 | |
Celldex Therapeutics, Inc. (a) | 16,700 | 499,330 | |
Cerevel Therapeutics Holdings (a) | 45,700 | 1,209,679 | |
Cytokinetics, Inc. (a) | 48,800 | 1,723,616 | |
Erasca, Inc. | 76,700 | 951,080 | |
Exelixis, Inc. (a) | 65,900 | 1,352,927 | |
Instil Bio, Inc. (a)(c) | 76,100 | 816,553 | |
Janux Therapeutics, Inc. | 40,000 | 691,200 | |
Keros Therapeutics, Inc. (a) | 13,800 | 741,060 | |
Mirati Therapeutics, Inc. (a) | 6,400 | 565,056 | |
Prelude Therapeutics, Inc. (a)(c) | 59,465 | 525,076 | |
PTC Therapeutics, Inc. (a) | 32,400 | 1,137,888 | |
Relay Therapeutics, Inc. (a) | 51,000 | 1,229,610 | |
Tenaya Therapeutics, Inc. (a) | 40,200 | 468,732 | |
TG Therapeutics, Inc. (a) | 50,100 | 494,487 | |
Xenon Pharmaceuticals, Inc. (a) | 52,500 | 1,664,250 | |
Zentalis Pharmaceuticals, Inc. (a) | 13,530 | 675,012 | |
20,469,070 | |||
Health Care Equipment & Supplies - 2.6% | |||
BioLife Solutions, Inc. (a) | 73,900 | 1,736,650 | |
CryoPort, Inc. (a)(c) | 1,714 | 58,842 | |
Envista Holdings Corp. (a) | 97,100 | 4,660,800 | |
Heska Corp. (a) | 14,068 | 1,997,656 | |
Tandem Diabetes Care, Inc. (a) | 29,800 | 3,356,374 | |
TransMedics Group, Inc. (a) | 37,300 | 690,796 | |
12,501,118 | |||
Health Care Providers & Services - 3.7% | |||
Acadia Healthcare Co., Inc. (a) | 84,400 | 4,786,324 | |
Chemed Corp. | 10,400 | 4,974,216 | |
LHC Group, Inc. (a) | 21,124 | 2,876,455 | |
The Ensign Group, Inc. | 45,600 | 3,832,224 | |
The Joint Corp. (a) | 35,742 | 1,465,422 | |
17,934,641 | |||
Life Sciences Tools & Services - 2.7% | |||
Charles River Laboratories International, Inc. (a) | 8,100 | 2,358,396 | |
Medpace Holdings, Inc. (a) | 29,400 | 4,497,318 | |
Olink Holding AB ADR (a)(c) | 71,728 | 1,225,832 | |
Syneos Health, Inc. (a) | 62,828 | 4,975,978 | |
13,057,524 | |||
Pharmaceuticals - 0.6% | |||
Arvinas Holding Co. LLC (a) | 22,400 | 1,451,744 | |
Edgewise Therapeutics, Inc. (a) | 42,400 | 499,896 | |
NGM Biopharmaceuticals, Inc. (a) | 50,100 | 744,486 | |
Terns Pharmaceuticals, Inc. | 9,302 | 30,883 | |
2,727,009 | |||
TOTAL HEALTH CARE | 66,689,362 | ||
INDUSTRIALS - 18.3% | |||
Aerospace & Defense - 0.6% | |||
Vectrus, Inc. (a) | 68,200 | 3,126,288 | |
Building Products - 1.8% | |||
CSW Industrials, Inc. | 19,885 | 2,392,762 | |
Gibraltar Industries, Inc. (a) | 21,647 | 1,045,983 | |
Masonite International Corp. (a) | 57,600 | 5,433,408 | |
8,872,153 | |||
Commercial Services & Supplies - 0.9% | |||
Tetra Tech, Inc. | 26,700 | 4,239,159 | |
Construction & Engineering - 1.7% | |||
EMCOR Group, Inc. | 40,100 | 4,633,154 | |
NV5 Global, Inc. (a) | 31,568 | 3,385,668 | |
8,018,822 | |||
Electrical Equipment - 2.1% | |||
Array Technologies, Inc. (a) | 232,488 | 2,613,165 | |
Atkore, Inc. (a) | 76,700 | 7,801,157 | |
10,414,322 | |||
Machinery - 2.3% | |||
ITT, Inc. | 30,300 | 2,662,461 | |
Kornit Digital Ltd. (a) | 22,000 | 2,086,260 | |
Luxfer Holdings PLC sponsored | 193,200 | 3,365,544 | |
Oshkosh Corp. | 27,300 | 3,031,392 | |
11,145,657 | |||
Professional Services - 4.9% | |||
ASGN, Inc. (a) | 35,700 | 3,955,203 | |
Booz Allen Hamilton Holding Corp. Class A | 40,800 | 3,292,152 | |
FTI Consulting, Inc. (a) | 18,300 | 2,671,800 | |
KBR, Inc. | 168,500 | 8,364,336 | |
TriNet Group, Inc. (a) | 62,900 | 5,491,799 | |
23,775,290 | |||
Road & Rail - 0.7% | |||
TFI International, Inc. | 30,500 | 3,180,845 | |
Trading Companies & Distributors - 3.3% | |||
Beacon Roofing Supply, Inc. (a) | 62,100 | 3,706,749 | |
Custom Truck One Source, Inc. Class A (a) | 242,602 | 1,906,852 | |
GMS, Inc. (a) | 116,600 | 6,325,550 | |
Rush Enterprises, Inc. Class A | 80,732 | 4,193,220 | |
16,132,371 | |||
TOTAL INDUSTRIALS | 88,904,907 | ||
INFORMATION TECHNOLOGY - 16.1% | |||
Communications Equipment - 0.9% | |||
Extreme Networks, Inc. (a) | 358,200 | 4,115,718 | |
Electronic Equipment & Components - 4.3% | |||
Advanced Energy Industries, Inc. | 49,600 | 4,258,160 | |
Insight Enterprises, Inc. (a) | 74,198 | 7,716,592 | |
Napco Security Technologies, Inc. (c) | 163,782 | 3,339,515 | |
TD SYNNEX Corp. | 55,113 | 5,612,157 | |
20,926,424 | |||
IT Services - 3.6% | |||
Concentrix Corp. | 35,913 | 7,178,650 | |
Endava PLC ADR (a) | 31,901 | 4,248,575 | |
Perficient, Inc. (a) | 37,600 | 3,831,440 | |
Repay Holdings Corp. (a) | 118,500 | 2,046,495 | |
17,305,160 | |||
Semiconductors & Semiconductor Equipment - 3.9% | |||
AEHR Test Systems (a) | 98,800 | 1,343,680 | |
Ichor Holdings Ltd. (a) | 104,600 | 3,685,058 | |
MACOM Technology Solutions Holdings, Inc. (a) | 61,700 | 3,708,170 | |
SiTime Corp. (a) | 15,000 | 3,032,100 | |
Synaptics, Inc. (a) | 32,158 | 7,345,852 | |
19,114,860 | |||
Software - 3.4% | |||
Digital Turbine, Inc. (a) | 64,700 | 3,136,656 | |
Five9, Inc. (a) | 23,700 | 2,607,000 | |
Intapp, Inc. | 120,300 | 2,774,118 | |
Rapid7, Inc. (a) | 37,900 | 3,921,134 | |
Tenable Holdings, Inc. (a) | 74,900 | 4,146,464 | |
16,585,372 | |||
TOTAL INFORMATION TECHNOLOGY | 78,047,534 | ||
MATERIALS - 6.9% | |||
Chemicals - 2.4% | |||
Element Solutions, Inc. | 244,600 | 6,012,268 | |
Valvoline, Inc. | 164,500 | 5,318,285 | |
11,330,553 | |||
Construction Materials - 1.3% | |||
Eagle Materials, Inc. | 46,900 | 6,417,327 | |
Metals & Mining - 3.2% | |||
Commercial Metals Co. | 197,200 | 7,602,060 | |
Constellium NV (a) | 411,800 | 8,001,274 | |
15,603,334 | |||
TOTAL MATERIALS | 33,351,214 | ||
REAL ESTATE - 4.4% | |||
Equity Real Estate Investment Trusts (REITs) - 3.2% | |||
Essential Properties Realty Trust, Inc. | 238,492 | 6,029,078 | |
Lamar Advertising Co. Class A | 56,800 | 6,194,608 | |
Summit Industrial Income REIT | 197,300 | 3,351,376 | |
15,575,062 | |||
Real Estate Management & Development - 1.2% | |||
Cushman & Wakefield PLC (a) | 271,633 | 5,954,195 | |
TOTAL REAL ESTATE | 21,529,257 | ||
UTILITIES - 1.6% | |||
Gas Utilities - 1.0% | |||
Brookfield Infrastructure Corp. A Shares | 52,438 | 3,693,733 | |
Star Gas Partners LP | 145,702 | 1,420,595 | |
5,114,328 | |||
Multi-Utilities - 0.6% | |||
Telecom Plus PLC | 140,664 | 2,734,730 | |
TOTAL UTILITIES | 7,849,058 | ||
TOTAL COMMON STOCKS (Cost $360,495,095) | 479,868,543 | ||
Money Market Funds - 3.8% | |||
Shares | Value ($) | ||
Fidelity Securities Lending Cash Central Fund 0.07% (d)(e) (Cost $18,706,135) | 18,704,264 | 18,706,135 | |
Equity Funds - 0.8% | |||
Shares | Value ($) | ||
Small Blend Funds - 0.8% | |||
iShares Russell 2000 Index ETF (c) (Cost $3,446,198) | 19,200 | 3,903,744 | |
TOTAL INVESTMENT IN SECURITIES - 103.5% (Cost $382,647,428) | 502,478,422 |
NET OTHER ASSETS (LIABILITIES) - (3.5)% | (17,201,796) |
NET ASSETS - 100.0% | 485,276,626 |
Security Type Abbreviations
ETF | - | EXCHANGE-TRADED FUND |
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 $352,170 or 0.1% of net assets. |
(c) | Security or a portion of the security is on loan at period end. |
(d) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(e) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
BARK, Inc. | 12/17/20 | 1,118,000 |
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 0.07% | 1,448,899 | 61,472,892 | 62,921,791 | 582 | - | - | - | 0.0% |
Fidelity Securities Lending Cash Central Fund 0.07% | 22,495,735 | 33,143,150 | 36,932,750 | 5,899 | - | - | 18,706,135 | 0.0% |
Total | 23,944,634 | 94,616,042 | 99,854,541 | 6,481 | - | - | 18,706,135 |
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.
Exchange-Traded Funds (ETFs) and Exchange-Traded Notes (ETNs) are valued at their last 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 but the exchange reports a closing bid level, ETFs and ETNs are valued at the closing bid and would be categorized as Level 1 in the hierarchy. In the event there was no closing bid, ETFs and ETNs may be valued by another method that the Board believes reflects fair value in accordance with the Board's fair value pricing policies and may be categorized as Level 2 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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