Quarterly Holdings Report
for
Fidelity Advisor® Dividend Growth Fund
February 28, 2022
ADGF-NPRT1-0422
1.797922.118
Common Stocks - 98.4% | |||
Shares | Value ($) (000s) | ||
COMMUNICATION SERVICES - 7.9% | |||
Diversified Telecommunication Services - 2.7% | |||
Cellnex Telecom SA (a) | 184,700 | 8,354 | |
Deutsche Telekom AG | 338,200 | 6,062 | |
Verizon Communications, Inc. | 317,000 | 17,013 | |
31,429 | |||
Entertainment - 2.1% | |||
Activision Blizzard, Inc. | 126,400 | 10,302 | |
Electronic Arts, Inc. | 52,100 | 6,778 | |
The Walt Disney Co. (b) | 51,700 | 7,675 | |
24,755 | |||
Interactive Media & Services - 1.9% | |||
Alphabet, Inc. Class A (b) | 5,100 | 13,776 | |
Meta Platforms, Inc. Class A (b) | 42,400 | 8,948 | |
22,724 | |||
Media - 1.2% | |||
Comcast Corp. Class A | 296,450 | 13,862 | |
TOTAL COMMUNICATION SERVICES | 92,770 | ||
CONSUMER DISCRETIONARY - 9.7% | |||
Auto Components - 0.0% | |||
Lear Corp. | 3,600 | 566 | |
Automobiles - 0.3% | |||
General Motors Co. (b) | 73,700 | 3,443 | |
Diversified Consumer Services - 0.2% | |||
H&R Block, Inc. (c) | 73,800 | 1,831 | |
Hotels, Restaurants & Leisure - 2.9% | |||
Churchill Downs, Inc. | 41,000 | 9,876 | |
Domino's Pizza, Inc. | 11,800 | 5,100 | |
Hilton Worldwide Holdings, Inc. (b) | 38,200 | 5,686 | |
Krispy Kreme, Inc. (c) | 105,500 | 1,573 | |
Marriott International, Inc. Class A (b) | 33,000 | 5,615 | |
Restaurant Brands International, Inc. (c) | 105,400 | 5,900 | |
Starbucks Corp. | 100 | 9 | |
33,759 | |||
Household Durables - 2.0% | |||
D.R. Horton, Inc. | 41,300 | 3,527 | |
Lennar Corp. Class A | 130,300 | 11,711 | |
Sony Group Corp. | 25,900 | 2,646 | |
Whirlpool Corp. (c) | 29,900 | 6,018 | |
23,902 | |||
Internet & Direct Marketing Retail - 0.2% | |||
eBay, Inc. | 53,800 | 2,937 | |
Multiline Retail - 1.6% | |||
Dollar General Corp. | 82,600 | 16,383 | |
Target Corp. | 12,000 | 2,397 | |
18,780 | |||
Specialty Retail - 2.2% | |||
American Eagle Outfitters, Inc. | 900 | 19 | |
Camping World Holdings, Inc. (c) | 239,500 | 7,355 | |
Lowe's Companies, Inc. | 66,400 | 14,678 | |
Williams-Sonoma, Inc. | 26,400 | 3,824 | |
25,876 | |||
Textiles, Apparel & Luxury Goods - 0.3% | |||
adidas AG | 5,100 | 1,206 | |
PVH Corp. | 19,100 | 1,870 | |
3,076 | |||
TOTAL CONSUMER DISCRETIONARY | 114,170 | ||
CONSUMER STAPLES - 8.7% | |||
Beverages - 3.5% | |||
Constellation Brands, Inc. Class A (sub. vtg.) | 19,200 | 4,140 | |
Diageo PLC | 134,554 | 6,666 | |
Keurig Dr. Pepper, Inc. | 396,900 | 15,348 | |
The Coca-Cola Co. | 232,600 | 14,477 | |
40,631 | |||
Food & Staples Retailing - 1.8% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 181,500 | 7,124 | |
BJ's Wholesale Club Holdings, Inc. (b) | 44,700 | 2,810 | |
Walmart, Inc. | 86,400 | 11,678 | |
21,612 | |||
Household Products - 1.4% | |||
Reynolds Consumer Products, Inc. | 200,300 | 5,963 | |
Spectrum Brands Holdings, Inc. | 116,385 | 10,798 | |
16,761 | |||
Tobacco - 2.0% | |||
Altria Group, Inc. | 280,373 | 14,380 | |
Swedish Match Co. AB | 1,231,500 | 8,953 | |
23,333 | |||
TOTAL CONSUMER STAPLES | 102,337 | ||
ENERGY - 5.1% | |||
Oil, Gas & Consumable Fuels - 5.1% | |||
ARC Resources Ltd. | 232,800 | 2,878 | |
Cameco Corp. (c) | 113,600 | 2,792 | |
Canadian Natural Resources Ltd. (c) | 190,100 | 10,613 | |
Energy Transfer LP | 472,200 | 4,788 | |
Enterprise Products Partners LP | 450,000 | 10,989 | |
Exxon Mobil Corp. | 165,122 | 12,949 | |
Hess Corp. | 39,000 | 3,941 | |
Reliance Industries Ltd. sponsored GDR (a) | 164,800 | 10,344 | |
Viper Energy Partners LP | 16,353 | 481 | |
59,775 | |||
FINANCIALS - 7.9% | |||
Banks - 1.4% | |||
Wells Fargo & Co. | 310,690 | 16,582 | |
Capital Markets - 2.9% | |||
BlackRock, Inc. Class A | 10,300 | 7,662 | |
Brookfield Asset Management, Inc. Class A | 88,700 | 4,847 | |
Intercontinental Exchange, Inc. | 130,700 | 16,745 | |
S&P Global, Inc. | 14,048 | 5,278 | |
34,532 | |||
Diversified Financial Services - 0.6% | |||
Apollo Global Management, Inc. | 103,100 | 6,728 | |
Insurance - 3.0% | |||
Arthur J. Gallagher & Co. | 79,400 | 12,560 | |
Brookfield Asset Management Reinsurance Partners Ltd. | 491 | 27 | |
Marsh & McLennan Companies, Inc. | 49,000 | 7,615 | |
The Travelers Companies, Inc. | 84,600 | 14,537 | |
34,739 | |||
TOTAL FINANCIALS | 92,581 | ||
HEALTH CARE - 12.8% | |||
Biotechnology - 0.4% | |||
AbbVie, Inc. | 29,100 | 4,300 | |
Health Care Providers & Services - 4.8% | |||
Cigna Corp. | 63,500 | 15,099 | |
CVS Health Corp. | 60,500 | 6,271 | |
Humana, Inc. | 27,300 | 11,857 | |
UnitedHealth Group, Inc. | 48,397 | 23,031 | |
56,258 | |||
Life Sciences Tools & Services - 1.5% | |||
Danaher Corp. | 13,500 | 3,705 | |
Thermo Fisher Scientific, Inc. | 26,800 | 14,579 | |
18,284 | |||
Pharmaceuticals - 6.1% | |||
AstraZeneca PLC (United Kingdom) | 61,900 | 7,524 | |
Bristol-Myers Squibb Co. | 268,200 | 18,417 | |
Eli Lilly & Co. | 49,000 | 12,248 | |
Merck KGaA | 47,200 | 9,362 | |
Pfizer, Inc. | 43,200 | 2,028 | |
Roche Holding AG (participation certificate) | 28,770 | 10,896 | |
Sanofi SA | 39,600 | 4,139 | |
UCB SA | 67,900 | 7,410 | |
72,024 | |||
TOTAL HEALTH CARE | 150,866 | ||
INDUSTRIALS - 10.7% | |||
Aerospace & Defense - 2.5% | |||
Airbus Group NV | 59,600 | 7,610 | |
L3Harris Technologies, Inc. | 8,300 | 2,094 | |
Northrop Grumman Corp. | 20,000 | 8,843 | |
The Boeing Co. (b) | 50,500 | 10,370 | |
28,917 | |||
Air Freight & Logistics - 0.3% | |||
United Parcel Service, Inc. Class B | 14,300 | 3,009 | |
Airlines - 0.1% | |||
Copa Holdings SA Class A (b) | 17,300 | 1,468 | |
Building Products - 0.2% | |||
Fortune Brands Home & Security, Inc. | 29,300 | 2,546 | |
Commercial Services & Supplies - 1.0% | |||
GFL Environmental, Inc. | 381,600 | 11,157 | |
Industrial Conglomerates - 2.1% | |||
General Electric Co. | 232,887 | 22,243 | |
Hitachi Ltd. | 53,900 | 2,649 | |
24,892 | |||
Machinery - 2.4% | |||
Allison Transmission Holdings, Inc. | 295,043 | 11,784 | |
Deere & Co. | 20,100 | 7,236 | |
Fortive Corp. | 23,800 | 1,541 | |
PACCAR, Inc. | 19,600 | 1,799 | |
Toro Co. | 61,500 | 5,769 | |
28,129 | |||
Marine - 0.2% | |||
2020 Bulkers Ltd. | 202,600 | 2,637 | |
Professional Services - 0.6% | |||
Cool Co. Ltd. (b) | 173,200 | 1,579 | |
Equifax, Inc. | 21,900 | 4,782 | |
Leidos Holdings, Inc. | 5,900 | 601 | |
6,962 | |||
Road & Rail - 1.2% | |||
Canadian Pacific Railway Ltd. | 99,800 | 7,014 | |
TFI International, Inc. (Canada) | 73,600 | 7,672 | |
14,686 | |||
Trading Companies & Distributors - 0.1% | |||
Watsco, Inc. | 5,400 | 1,475 | |
TOTAL INDUSTRIALS | 125,878 | ||
INFORMATION TECHNOLOGY - 23.8% | |||
Electronic Equipment & Components - 0.2% | |||
Jabil, Inc. | 44,400 | 2,567 | |
IT Services - 5.4% | |||
Amadeus IT Holding SA Class A (b) | 27,800 | 1,834 | |
Cognizant Technology Solutions Corp. Class A | 83,900 | 7,226 | |
DXC Technology Co. (b) | 111,100 | 3,781 | |
Fidelity National Information Services, Inc. | 80,600 | 7,676 | |
Genpact Ltd. | 261,700 | 10,950 | |
Global Payments, Inc. | 20,800 | 2,774 | |
MasterCard, Inc. Class A | 20,500 | 7,397 | |
Visa, Inc. Class A | 100,900 | 21,807 | |
63,445 | |||
Semiconductors & Semiconductor Equipment - 4.1% | |||
Broadcom, Inc. | 16,000 | 9,399 | |
Intel Corp. | 12,700 | 606 | |
KLA Corp. | 10,500 | 3,659 | |
Lam Research Corp. | 8,900 | 4,996 | |
Marvell Technology, Inc. | 207,200 | 14,158 | |
Microchip Technology, Inc. | 15,100 | 1,062 | |
NVIDIA Corp. | 22,000 | 5,365 | |
NXP Semiconductors NV | 15,200 | 2,890 | |
Teradyne, Inc. | 39,800 | 4,693 | |
Universal Display Corp. | 11,200 | 1,735 | |
48,563 | |||
Software - 10.5% | |||
Intuit, Inc. | 26,200 | 12,428 | |
Microsoft Corp. | 304,800 | 91,072 | |
Oracle Corp. | 71,200 | 5,409 | |
SAP SE | 18,700 | 2,109 | |
SS&C Technologies Holdings, Inc. | 159,300 | 11,943 | |
122,961 | |||
Technology Hardware, Storage & Peripherals - 3.6% | |||
Apple, Inc. | 215,196 | 35,533 | |
Samsung Electronics Co. Ltd. | 106,640 | 6,426 | |
41,959 | |||
TOTAL INFORMATION TECHNOLOGY | 279,495 | ||
MATERIALS - 2.3% | |||
Chemicals - 0.9% | |||
Air Products & Chemicals, Inc. | 4,700 | 1,111 | |
Valvoline, Inc. | 285,400 | 9,227 | |
10,338 | |||
Metals & Mining - 1.4% | |||
Franco-Nevada Corp. | 900 | 132 | |
Freeport-McMoRan, Inc. | 111,000 | 5,211 | |
Glencore Xstrata PLC | 1,795,700 | 10,559 | |
Newmont Corp. | 16,600 | 1,099 | |
17,001 | |||
TOTAL MATERIALS | 27,339 | ||
REAL ESTATE - 3.7% | |||
Equity Real Estate Investment Trusts (REITs) - 3.7% | |||
American Tower Corp. | 41,300 | 9,370 | |
Crown Castle International Corp. | 7,200 | 1,199 | |
CubeSmart | 18,700 | 902 | |
Digital Realty Trust, Inc. | 52,000 | 7,016 | |
Four Corners Property Trust, Inc. | 116,900 | 3,084 | |
National Retail Properties, Inc. | 46,700 | 1,990 | |
Park Hotels & Resorts, Inc. (b) | 185,600 | 3,497 | |
Public Storage | 11,600 | 4,118 | |
Simon Property Group, Inc. | 80,400 | 11,060 | |
The Macerich Co. | 94,200 | 1,441 | |
43,677 | |||
UTILITIES - 5.8% | |||
Electric Utilities - 2.9% | |||
Constellation Energy Corp. | 30,433 | 1,399 | |
Duke Energy Corp. | 6,100 | 613 | |
Edison International | 171,800 | 10,896 | |
Exelon Corp. | 227,800 | 9,695 | |
FirstEnergy Corp. | 64,800 | 2,712 | |
Southern Co. | 133,500 | 8,647 | |
33,962 | |||
Gas Utilities - 0.3% | |||
Brookfield Infrastructure Corp. A Shares | 60,000 | 4,226 | |
Independent Power and Renewable Electricity Producers - 1.2% | |||
NextEra Energy Partners LP | 52,200 | 4,072 | |
The AES Corp. | 346,800 | 7,363 | |
Vistra Corp. | 140,200 | 3,199 | |
14,634 | |||
Multi-Utilities - 1.4% | |||
CenterPoint Energy, Inc. | 350,500 | 9,586 | |
Dominion Energy, Inc. | 81,000 | 6,442 | |
16,028 | |||
TOTAL UTILITIES | 68,850 | ||
TOTAL COMMON STOCKS (Cost $950,807) | 1,157,738 | ||
Money Market Funds - 3.6% | |||
Shares | Value ($) (000s) | ||
Fidelity Cash Central Fund 0.07% (d) | 20,948,651 | 20,953 | |
Fidelity Securities Lending Cash Central Fund 0.07% (d)(e) | 21,190,596 | 21,193 | |
TOTAL MONEY MARKET FUNDS (Cost $42,146) | 42,146 | ||
TOTAL INVESTMENT IN SECURITIES - 102.0% (Cost $992,953) | 1,199,884 |
NET OTHER ASSETS (LIABILITIES) - (2.0)% | (23,560) |
NET ASSETS - 100.0% | 1,176,324 |
Any values shown as $0 in the Schedule of Investments may reflect amounts less than $500.
Legend
(a) | 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 $18,698,000 or 1.6% of net assets. |
(b) | Non-income producing |
(c) | Security or a portion of the security is on loan at period end. |
(d) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(e) | Investment made with cash collateral received from securities on loan. |
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate (Amounts in thousands) | Value, beginning of period ($) | 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% | 2,542 | 54,681 | 36,270 | 2 | - | - | 20,953 | 0.0% |
Fidelity Securities Lending Cash Central Fund 0.07% | 25,359 | 32,231 | 36,397 | 24 | - | - | 21,193 | 0.1% |
Total | 27,901 | 86,912 | 72,667 | 26 | - | - | 42,146 |
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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