Quarterly Holdings Report
for
Fidelity Advisor® Mid Cap II Fund
September 30, 2022
AMP-NPRT3-1122
1.807739.118
Common Stocks - 99.2% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 1.6% | |||
Entertainment - 0.3% | |||
Live Nation Entertainment, Inc. (a) | 34,400 | 2,615,776 | |
Warner Music Group Corp. Class A | 83,500 | 1,938,035 | |
4,553,811 | |||
Interactive Media & Services - 0.6% | |||
Bumble, Inc. (a) | 248,400 | 5,338,116 | |
IAC, Inc. (a) | 32,700 | 1,810,926 | |
7,149,042 | |||
Media - 0.7% | |||
Interpublic Group of Companies, Inc. | 345,594 | 8,847,206 | |
TOTAL COMMUNICATION SERVICES | 20,550,059 | ||
CONSUMER DISCRETIONARY - 11.2% | |||
Distributors - 0.2% | |||
Pool Corp. | 6,700 | 2,132,007 | |
Hotels, Restaurants & Leisure - 3.8% | |||
ARAMARK Holdings Corp. | 248,900 | 7,765,680 | |
Bowlero Corp. Class A (a)(b) | 79,337 | 976,638 | |
Caesars Entertainment, Inc. (a) | 125,349 | 4,043,759 | |
Churchill Downs, Inc. | 86,900 | 16,002,635 | |
Domino's Pizza, Inc. | 19,500 | 6,048,900 | |
Jubilant Foodworks Ltd. | 152,980 | 1,168,534 | |
Light & Wonder, Inc. Class A (a) | 89,900 | 3,854,912 | |
Noodles & Co. (a) | 616,200 | 2,896,140 | |
Vail Resorts, Inc. | 16,900 | 3,644,316 | |
46,401,514 | |||
Household Durables - 1.3% | |||
KB Home | 59,400 | 1,539,648 | |
Lovesac (a) | 44,017 | 897,066 | |
NVR, Inc. (a) | 1,215 | 4,844,302 | |
Taylor Morrison Home Corp. (a) | 235,000 | 5,480,200 | |
Toll Brothers, Inc. | 81,900 | 3,439,800 | |
16,201,016 | |||
Internet & Direct Marketing Retail - 0.1% | |||
Revolve Group, Inc. (a)(b) | 70,500 | 1,529,145 | |
Leisure Products - 0.2% | |||
YETI Holdings, Inc. (a) | 93,200 | 2,658,064 | |
Specialty Retail - 3.6% | |||
Academy Sports & Outdoors, Inc. | 148,700 | 6,272,166 | |
America's Car Mart, Inc. (a) | 22,100 | 1,348,542 | |
Dick's Sporting Goods, Inc. (b) | 78,400 | 8,203,776 | |
Five Below, Inc. (a) | 96,200 | 13,243,854 | |
Floor & Decor Holdings, Inc. Class A (a) | 18,800 | 1,320,888 | |
Williams-Sonoma, Inc. (b) | 121,500 | 14,318,775 | |
44,708,001 | |||
Textiles, Apparel & Luxury Goods - 2.0% | |||
Capri Holdings Ltd. (a) | 164,300 | 6,315,692 | |
Deckers Outdoor Corp. (a) | 59,875 | 18,717,526 | |
25,033,218 | |||
TOTAL CONSUMER DISCRETIONARY | 138,662,965 | ||
CONSUMER STAPLES - 4.1% | |||
Beverages - 0.5% | |||
Boston Beer Co., Inc. Class A (a) | 19,400 | 6,278,810 | |
Food & Staples Retailing - 3.1% | |||
BJ's Wholesale Club Holdings, Inc. (a) | 243,000 | 17,692,830 | |
Performance Food Group Co. (a) | 107,100 | 4,599,945 | |
Sprouts Farmers Market LLC (a) | 211,400 | 5,866,350 | |
U.S. Foods Holding Corp. (a) | 340,300 | 8,997,532 | |
United Natural Foods, Inc. (a) | 52,400 | 1,800,988 | |
38,957,645 | |||
Food Products - 0.2% | |||
Nomad Foods Ltd. (a) | 201,100 | 2,855,620 | |
Personal Products - 0.3% | |||
Olaplex Holdings, Inc. (b) | 319,600 | 3,052,180 | |
TOTAL CONSUMER STAPLES | 51,144,255 | ||
ENERGY - 6.0% | |||
Energy Equipment & Services - 1.6% | |||
Baker Hughes Co. Class A | 231,800 | 4,858,528 | |
Championx Corp. | 147,900 | 2,894,403 | |
Nextier Oilfield Solutions, Inc. (a) | 656,200 | 4,855,880 | |
TechnipFMC PLC (a) | 910,900 | 7,706,214 | |
20,315,025 | |||
Oil, Gas & Consumable Fuels - 4.4% | |||
Antero Resources Corp. (a) | 215,000 | 6,563,950 | |
Cheniere Energy, Inc. | 99,100 | 16,441,681 | |
Hess Corp. | 91,700 | 9,994,383 | |
Magnolia Oil & Gas Corp. Class A | 382,800 | 7,583,268 | |
New Fortress Energy, Inc. | 117,614 | 5,140,908 | |
Range Resources Corp. | 349,097 | 8,818,190 | |
54,542,380 | |||
TOTAL ENERGY | 74,857,405 | ||
FINANCIALS - 15.8% | |||
Banks - 7.3% | |||
Bancorp, Inc., Delaware (a) | 391,000 | 8,594,180 | |
Comerica, Inc. | 70,300 | 4,998,330 | |
East West Bancorp, Inc. | 204,000 | 13,696,560 | |
First Foundation, Inc. | 80,466 | 1,459,653 | |
First Horizon National Corp. | 340,000 | 7,786,000 | |
First Republic Bank | 51,600 | 6,736,380 | |
Huntington Bancshares, Inc. | 674,657 | 8,891,979 | |
M&T Bank Corp. | 48,100 | 8,480,992 | |
Popular, Inc. | 95,800 | 6,903,348 | |
Signature Bank | 40,300 | 6,085,300 | |
Wintrust Financial Corp. | 208,100 | 16,970,555 | |
90,603,277 | |||
Capital Markets - 2.3% | |||
Ameriprise Financial, Inc. | 26,287 | 6,623,010 | |
Northern Trust Corp. | 86,000 | 7,358,160 | |
Raymond James Financial, Inc. | 87,086 | 8,605,839 | |
TMX Group Ltd. | 57,300 | 5,270,596 | |
27,857,605 | |||
Diversified Financial Services - 0.5% | |||
Equitable Holdings, Inc. | 234,900 | 6,189,615 | |
Insurance - 5.4% | |||
American Financial Group, Inc. | 42,300 | 5,199,939 | |
Arch Capital Group Ltd. (a) | 167,600 | 7,632,504 | |
Assurant, Inc. | 62,800 | 9,122,956 | |
Hartford Financial Services Group, Inc. | 146,500 | 9,074,210 | |
Old Republic International Corp. | 370,500 | 7,754,565 | |
Primerica, Inc. | 91,758 | 11,327,525 | |
Reinsurance Group of America, Inc. | 95,291 | 11,988,561 | |
Selective Insurance Group, Inc. | 64,400 | 5,242,160 | |
67,342,420 | |||
Thrifts & Mortgage Finance - 0.3% | |||
Essent Group Ltd. | 117,729 | 4,105,210 | |
TOTAL FINANCIALS | 196,098,127 | ||
HEALTH CARE - 9.7% | |||
Biotechnology - 1.7% | |||
Argenx SE ADR (a) | 7,000 | 2,471,350 | |
Blueprint Medicines Corp. (a) | 31,000 | 2,042,590 | |
Exelixis, Inc. (a) | 331,100 | 5,191,648 | |
Legend Biotech Corp. ADR (a) | 41,800 | 1,705,440 | |
Neurocrine Biosciences, Inc. (a) | 33,600 | 3,568,656 | |
United Therapeutics Corp. (a) | 30,800 | 6,448,904 | |
21,428,588 | |||
Health Care Equipment & Supplies - 2.9% | |||
Boston Scientific Corp. (a) | 156,310 | 6,053,886 | |
Envista Holdings Corp. (a) | 201,800 | 6,621,058 | |
Hologic, Inc. (a) | 61,379 | 3,960,173 | |
JEOL Ltd. | 72,300 | 2,375,364 | |
Masimo Corp. (a) | 8,800 | 1,242,208 | |
ResMed, Inc. | 18,227 | 3,978,954 | |
The Cooper Companies, Inc. | 16,439 | 4,338,252 | |
Zimmer Biomet Holdings, Inc. | 73,900 | 7,726,245 | |
36,296,140 | |||
Health Care Providers & Services - 2.4% | |||
agilon health, Inc. (a) | 57,900 | 1,356,018 | |
Guardant Health, Inc. (a) | 23,400 | 1,259,622 | |
Molina Healthcare, Inc. (a) | 41,300 | 13,622,392 | |
Option Care Health, Inc. (a) | 416,000 | 13,091,520 | |
29,329,552 | |||
Life Sciences Tools & Services - 1.3% | |||
Avantor, Inc. (a) | 144,000 | 2,822,400 | |
Bio-Rad Laboratories, Inc. Class A (a) | 7,600 | 3,170,264 | |
ICON PLC (a) | 15,500 | 2,848,590 | |
Maravai LifeSciences Holdings, Inc. (a) | 144,300 | 3,683,979 | |
Thermo Fisher Scientific, Inc. | 6,430 | 3,261,232 | |
15,786,465 | |||
Pharmaceuticals - 1.4% | |||
Royalty Pharma PLC | 255,900 | 10,282,062 | |
UCB SA | 100,500 | 6,974,485 | |
17,256,547 | |||
TOTAL HEALTH CARE | 120,097,292 | ||
INDUSTRIALS - 18.3% | |||
Aerospace & Defense - 1.3% | |||
AerSale Corp. (a) | 98,200 | 1,820,628 | |
Axon Enterprise, Inc. (a) | 46,100 | 5,336,075 | |
Howmet Aerospace, Inc. | 229,800 | 7,107,714 | |
Spirit AeroSystems Holdings, Inc. Class A | 82,900 | 1,817,168 | |
16,081,585 | |||
Air Freight & Logistics - 0.6% | |||
Air Transport Services Group, Inc. (a) | 192,100 | 4,627,689 | |
GXO Logistics, Inc. (a) | 87,988 | 3,084,859 | |
7,712,548 | |||
Building Products - 1.1% | |||
Builders FirstSource, Inc. (a) | 230,900 | 13,604,628 | |
Commercial Services & Supplies - 0.5% | |||
Driven Brands Holdings, Inc. (a)(b) | 241,100 | 6,745,978 | |
Construction & Engineering - 1.8% | |||
Quanta Services, Inc. | 74,600 | 9,503,294 | |
Willscot Mobile Mini Holdings (a) | 334,500 | 13,490,385 | |
22,993,679 | |||
Electrical Equipment - 3.6% | |||
Acuity Brands, Inc. | 62,500 | 9,841,875 | |
AMETEK, Inc. | 86,400 | 9,798,624 | |
Generac Holdings, Inc. (a) | 30,000 | 5,344,200 | |
Regal Rexnord Corp. | 86,902 | 12,197,565 | |
Sunrun, Inc. (a) | 260,707 | 7,192,906 | |
44,375,170 | |||
Machinery - 3.8% | |||
Crane Holdings Co. | 139,500 | 12,211,830 | |
Fortive Corp. | 139,700 | 8,144,510 | |
IDEX Corp. | 41,700 | 8,333,745 | |
Ingersoll Rand, Inc. | 81,600 | 3,530,016 | |
ITT, Inc. | 226,559 | 14,803,365 | |
47,023,466 | |||
Marine - 0.3% | |||
Clarkson PLC | 119,869 | 3,498,695 | |
Professional Services - 3.5% | |||
ASGN, Inc. (a) | 101,599 | 9,181,502 | |
FTI Consulting, Inc. (a) | 56,500 | 9,362,615 | |
Jacobs Solutions, Inc. | 67,186 | 7,289,009 | |
KBR, Inc. | 302,600 | 13,078,372 | |
TriNet Group, Inc. (a) | 63,500 | 4,522,470 | |
43,433,968 | |||
Road & Rail - 0.5% | |||
J.B. Hunt Transport Services, Inc. | 38,200 | 5,975,244 | |
Trading Companies & Distributors - 1.3% | |||
GMS, Inc. (a) | 4,539 | 181,605 | |
NOW, Inc. (a) | 321,900 | 3,235,095 | |
RS GROUP PLC | 624,943 | 6,671,195 | |
Univar Solutions, Inc. (a) | 260,400 | 5,921,496 | |
16,009,391 | |||
TOTAL INDUSTRIALS | 227,454,352 | ||
INFORMATION TECHNOLOGY - 12.8% | |||
Communications Equipment - 0.9% | |||
Digi International, Inc. (a) | 347,100 | 11,999,247 | |
Electronic Equipment & Components - 3.2% | |||
CDW Corp. | 38,651 | 6,032,648 | |
Flex Ltd. (a) | 688,000 | 11,462,080 | |
Jabil, Inc. | 294,074 | 16,971,011 | |
Trimble, Inc. (a) | 46,400 | 2,518,128 | |
Zebra Technologies Corp. Class A (a) | 9,300 | 2,436,693 | |
39,420,560 | |||
IT Services - 4.8% | |||
Amadeus IT Holding SA Class A (a) | 156,900 | 7,274,299 | |
Concentrix Corp. | 90,500 | 10,102,515 | |
EPAM Systems, Inc. (a) | 15,200 | 5,505,288 | |
Euronet Worldwide, Inc. (a) | 79,191 | 5,999,510 | |
Genpact Ltd. | 251,343 | 11,001,283 | |
GoDaddy, Inc. (a) | 96,700 | 6,854,096 | |
Shift4 Payments, Inc. (a) | 14,900 | 664,689 | |
WNS Holdings Ltd. sponsored ADR (a) | 147,600 | 12,079,584 | |
59,481,264 | |||
Semiconductors & Semiconductor Equipment - 2.5% | |||
Marvell Technology, Inc. | 59,700 | 2,561,727 | |
MKS Instruments, Inc. | 87,800 | 7,255,792 | |
onsemi (a) | 159,400 | 9,935,402 | |
SolarEdge Technologies, Inc. (a) | 20,800 | 4,814,368 | |
Teradyne, Inc. | 82,500 | 6,199,875 | |
30,767,164 | |||
Software - 1.4% | |||
Black Knight, Inc. (a) | 101,400 | 6,563,622 | |
Dynatrace, Inc. (a) | 248,700 | 8,657,247 | |
KnowBe4, Inc. (a) | 92,100 | 1,916,601 | |
17,137,470 | |||
TOTAL INFORMATION TECHNOLOGY | 158,805,705 | ||
MATERIALS - 7.1% | |||
Chemicals - 2.2% | |||
Cabot Corp. | 50,000 | 3,194,500 | |
Celanese Corp. Class A | 52,300 | 4,724,782 | |
CF Industries Holdings, Inc. | 75,400 | 7,257,250 | |
Element Solutions, Inc. | 701,700 | 11,416,659 | |
26,593,191 | |||
Construction Materials - 1.0% | |||
Eagle Materials, Inc. | 28,800 | 3,086,784 | |
Martin Marietta Materials, Inc. | 28,700 | 9,243,983 | |
12,330,767 | |||
Containers & Packaging - 0.9% | |||
Avery Dennison Corp. | 51,900 | 8,444,130 | |
Sealed Air Corp. | 68,200 | 3,035,582 | |
11,479,712 | |||
Metals & Mining - 3.0% | |||
Agnico Eagle Mines Ltd. (Canada) | 119,506 | 5,048,952 | |
Commercial Metals Co. | 93,500 | 3,317,380 | |
First Quantum Minerals Ltd. | 563,600 | 9,567,756 | |
Lynas Rare Earths Ltd. (a) | 535,107 | 2,580,514 | |
Reliance Steel & Aluminum Co. | 58,800 | 10,255,308 | |
Wheaton Precious Metals Corp. | 207,500 | 6,719,133 | |
37,489,043 | |||
TOTAL MATERIALS | 87,892,713 | ||
REAL ESTATE - 7.6% | |||
Equity Real Estate Investment Trusts (REITs) - 7.1% | |||
Alexandria Real Estate Equities, Inc. | 37,200 | 5,215,068 | |
CubeSmart | 113,500 | 4,546,810 | |
Duke Realty Corp. | 82,700 | 3,986,140 | |
EastGroup Properties, Inc. | 77,100 | 11,128,614 | |
Equity Lifestyle Properties, Inc. | 48,700 | 3,060,308 | |
Highwoods Properties, Inc. (SBI) | 174,200 | 4,696,432 | |
Invitation Homes, Inc. | 298,500 | 10,080,345 | |
Lamar Advertising Co. Class A | 135,900 | 11,210,391 | |
Mid-America Apartment Communities, Inc. | 31,700 | 4,915,719 | |
National Retail Properties, Inc. | 118,000 | 4,703,480 | |
Ryman Hospitality Properties, Inc. | 106,800 | 7,859,412 | |
Sun Communities, Inc. | 22,000 | 2,977,260 | |
Terreno Realty Corp. | 33,700 | 1,785,763 | |
Ventas, Inc. | 231,200 | 9,287,304 | |
VICI Properties, Inc. | 106,400 | 3,176,040 | |
88,629,086 | |||
Real Estate Management & Development - 0.5% | |||
CBRE Group, Inc. (a) | 83,391 | 5,629,726 | |
TOTAL REAL ESTATE | 94,258,812 | ||
UTILITIES - 5.0% | |||
Electric Utilities - 2.5% | |||
Constellation Energy Corp. | 104,700 | 8,709,993 | |
OGE Energy Corp. | 428,700 | 15,630,402 | |
PG&E Corp. (a) | 545,600 | 6,820,000 | |
31,160,395 | |||
Independent Power and Renewable Electricity Producers - 2.0% | |||
Clearway Energy, Inc. Class C | 274,000 | 8,726,900 | |
NextEra Energy Partners LP | 125,000 | 9,038,750 | |
The AES Corp. | 290,300 | 6,560,780 | |
24,326,430 | |||
Multi-Utilities - 0.5% | |||
Black Hills Corp. | 89,600 | 6,068,608 | |
TOTAL UTILITIES | 61,555,433 | ||
TOTAL COMMON STOCKS (Cost $1,063,572,709) | 1,231,377,118 | ||
Money Market Funds - 3.4% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 3.10% (c) | 9,131,291 | 9,133,118 | |
Fidelity Securities Lending Cash Central Fund 3.10% (c)(d) | 32,999,400 | 33,002,700 | |
TOTAL MONEY MARKET FUNDS (Cost $42,135,818) | 42,135,818 | ||
TOTAL INVESTMENT IN SECURITIES - 102.6% (Cost $1,105,708,527) | 1,273,512,936 |
NET OTHER ASSETS (LIABILITIES) - (2.6)% | (32,475,001) |
NET ASSETS - 100.0% | 1,241,037,935 |
Legend
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(d) | Investment made with cash collateral received from securities on loan. |
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate | Value, beginning of period ($) | 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 3.10% | 19,460,777 | 178,829,980 | 189,157,639 | 128,429 | - | - | 9,133,118 | 0.0% |
Fidelity Securities Lending Cash Central Fund 3.10% | 60,658,850 | 276,058,361 | 303,714,511 | 34,489 | - | - | 33,002,700 | 0.1% |
Total | 80,119,627 | 454,888,341 | 492,872,150 | 162,918 | - | - | 42,135,818 | |
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 designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services 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 the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.
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 service 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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