Quarterly Holdings Report
for
Fidelity Advisor® Growth Opportunities Fund
August 31, 2023
GO-NPRT3-1023
1.805740.119
Common Stocks - 96.6% | |||
Shares | Value ($) (000s) | ||
COMMUNICATION SERVICES - 19.9% | |||
Entertainment - 3.5% | |||
Netflix, Inc. (a) | 206,900 | 89,728 | |
Roku, Inc. Class A (a)(b) | 4,661,920 | 378,548 | |
Sea Ltd. ADR (a) | 3,308,884 | 124,513 | |
592,789 | |||
Interactive Media & Services - 12.6% | |||
Alphabet, Inc.: | |||
Class A (a) | 2,774,860 | 377,853 | |
Class C (a) | 6,588,680 | 904,955 | |
Epic Games, Inc. (a)(c)(d) | 56,200 | 34,999 | |
Meta Platforms, Inc. Class A (a) | 2,174,885 | 643,527 | |
Snap, Inc. Class A (a) | 10,123,400 | 104,777 | |
Zoominfo Technologies, Inc. (a) | 4,284,700 | 77,210 | |
2,143,321 | |||
Media - 0.2% | |||
Innovid Corp. (a) | 11,484 | 13 | |
Magnite, Inc. (a)(b) | 3,446,831 | 28,436 | |
TechTarget, Inc. (a) | 2,905 | 84 | |
The Trade Desk, Inc. (a) | 22,210 | 1,777 | |
30,310 | |||
Wireless Telecommunication Services - 3.6% | |||
T-Mobile U.S., Inc. (a) | 4,420,925 | 602,351 | |
TOTAL COMMUNICATION SERVICES | 3,368,771 | ||
CONSUMER DISCRETIONARY - 7.4% | |||
Automobiles - 0.0% | |||
Neutron Holdings, Inc. (a)(c)(d) | 474,927 | 14 | |
Rad Power Bikes, Inc. (a)(c)(d) | 382,384 | 256 | |
Tesla, Inc. (a) | 6,940 | 1,791 | |
2,061 | |||
Broadline Retail - 4.7% | |||
Amazon.com, Inc. (a) | 5,713,740 | 788,553 | |
Hotels, Restaurants & Leisure - 0.0% | |||
Sonder Holdings, Inc.: | |||
Stage 1 rights (a)(d) | 15,489 | 0 | |
Stage 2 rights (a)(d) | 15,488 | 0 | |
Stage 3 rights (a)(d) | 15,488 | 0 | |
Stage 4 rights (a)(d) | 15,488 | 0 | |
Stage 5: | |||
rights (a)(d) | 15,488 | 0 | |
rights (a)(d) | 15,488 | 0 | |
0 | |||
Household Durables - 0.0% | |||
D.R. Horton, Inc. | 13,500 | 1,607 | |
Lennar Corp. Class A | 19,600 | 2,334 | |
3,941 | |||
Leisure Products - 0.0% | |||
Peloton Interactive, Inc. Class A (a)(b) | 349,300 | 2,229 | |
Specialty Retail - 2.3% | |||
Auto1 Group SE (a)(b)(e) | 6,301,479 | 52,915 | |
Carvana Co. Class A (a)(b) | 1,909,300 | 96,133 | |
Cazoo Group Ltd. Class A (a)(b) | 622,670 | 704 | |
Floor & Decor Holdings, Inc. Class A (a)(b) | 1,260,400 | 125,662 | |
Lowe's Companies, Inc. | 328,600 | 75,736 | |
RH (a) | 29,000 | 10,591 | |
Wayfair LLC Class A (a) | 433,529 | 29,961 | |
391,702 | |||
Textiles, Apparel & Luxury Goods - 0.4% | |||
Bombas LLC (a)(c)(d) | 5,086,874 | 13,633 | |
lululemon athletica, Inc. (a) | 133,410 | 50,864 | |
64,497 | |||
TOTAL CONSUMER DISCRETIONARY | 1,252,983 | ||
CONSUMER STAPLES - 0.6% | |||
Beverages - 0.2% | |||
Boston Beer Co., Inc. Class A (a) | 44,300 | 16,189 | |
The Coca-Cola Co. | 285,000 | 17,052 | |
33,241 | |||
Consumer Staples Distribution & Retail - 0.4% | |||
BJ's Wholesale Club Holdings, Inc. (a) | 983,200 | 66,258 | |
Food Products - 0.0% | |||
Local Bounti Corp. (a)(b) | 250,334 | 781 | |
Tobacco - 0.0% | |||
JUUL Labs, Inc. Class B (a)(c)(d) | 2,772 | 18 | |
TOTAL CONSUMER STAPLES | 100,298 | ||
ENERGY - 2.1% | |||
Oil, Gas & Consumable Fuels - 2.1% | |||
Antero Resources Corp. (a) | 3,103,347 | 85,870 | |
Canadian Natural Resources Ltd. | 740,700 | 47,922 | |
Exxon Mobil Corp. | 60,900 | 6,771 | |
Hess Corp. | 514,445 | 79,482 | |
Ovintiv, Inc. | 1,687,100 | 79,226 | |
Tourmaline Oil Corp. (b) | 1,289,400 | 66,121 | |
365,392 | |||
FINANCIALS - 9.1% | |||
Banks - 0.2% | |||
Starling Bank Ltd. Series D (a)(c)(d) | 6,988,700 | 28,685 | |
Capital Markets - 0.7% | |||
LPL Financial | 516,800 | 119,169 | |
Financial Services - 8.2% | |||
Apollo Global Management, Inc. | 204,000 | 17,817 | |
Block, Inc. Class A (a) | 4,818,800 | 277,804 | |
Dlocal Ltd. (a)(b) | 5,981,317 | 128,239 | |
Fiserv, Inc. (a) | 1,253,400 | 152,150 | |
FleetCor Technologies, Inc. (a) | 13,400 | 3,641 | |
Global Payments, Inc. | 1,454,400 | 184,258 | |
Marqeta, Inc. Class A (a) | 21,792,352 | 134,023 | |
MasterCard, Inc. Class A | 255,112 | 105,269 | |
Payoneer Global, Inc. (a)(c) | 442,000 | 2,736 | |
Rapyd Financial Network 2016 Ltd. (a)(c)(d) | 340,545 | 23,307 | |
Repay Holdings Corp. (a)(f) | 6,078,427 | 56,043 | |
Shift4 Payments, Inc. (a)(b) | 896,000 | 50,884 | |
Visa, Inc. Class A | 1,074,061 | 263,875 | |
1,400,046 | |||
TOTAL FINANCIALS | 1,547,900 | ||
HEALTH CARE - 9.7% | |||
Biotechnology - 1.6% | |||
Alnylam Pharmaceuticals, Inc. (a) | 46,635 | 9,225 | |
ALX Oncology Holdings, Inc. (a) | 653,300 | 2,783 | |
Argenx SE ADR (a) | 100,199 | 50,349 | |
Ascendis Pharma A/S sponsored ADR (a) | 67,662 | 6,632 | |
Celldex Therapeutics, Inc. (a) | 804,000 | 22,432 | |
Cytokinetics, Inc. (a) | 1,015,500 | 35,482 | |
Icosavax, Inc. (a) | 1,734,129 | 13,422 | |
Keros Therapeutics, Inc. (a) | 277,800 | 9,754 | |
Moderna, Inc. (a) | 8,200 | 927 | |
Nuvalent, Inc. Class A (a) | 283,376 | 12,913 | |
Regeneron Pharmaceuticals, Inc. (a) | 20,700 | 17,108 | |
Repligen Corp. (a) | 66,600 | 11,582 | |
Vaxcyte, Inc. (a) | 1,123,743 | 58,345 | |
Zentalis Pharmaceuticals, Inc. (a) | 886,900 | 23,556 | |
274,510 | |||
Health Care Equipment & Supplies - 2.4% | |||
Blink Health LLC Series A1 (a)(c)(d) | 56,119 | 2,682 | |
Boston Scientific Corp. (a) | 4,769,874 | 257,287 | |
Insulet Corp. (a) | 106,210 | 20,362 | |
Penumbra, Inc. (a) | 213,663 | 56,514 | |
TransMedics Group, Inc. (a) | 989,317 | 64,929 | |
401,774 | |||
Health Care Providers & Services - 4.3% | |||
agilon health, Inc. (a)(b) | 6,994,076 | 123,935 | |
Alignment Healthcare, Inc. (a) | 986,100 | 5,759 | |
Centene Corp. (a) | 1,400,934 | 86,368 | |
Humana, Inc. | 363,860 | 167,969 | |
P3 Health Partners, Inc. Class A (a) | 1,631,654 | 3,231 | |
UnitedHealth Group, Inc. | 720,667 | 343,455 | |
730,717 | |||
Life Sciences Tools & Services - 0.8% | |||
10X Genomics, Inc. (a) | 292,300 | 15,156 | |
Danaher Corp. | 259,400 | 68,741 | |
Thermo Fisher Scientific, Inc. | 111,700 | 62,228 | |
146,125 | |||
Pharmaceuticals - 0.6% | |||
Eli Lilly & Co. | 176,400 | 97,761 | |
TOTAL HEALTH CARE | 1,650,887 | ||
INDUSTRIALS - 5.3% | |||
Aerospace & Defense - 0.5% | |||
Space Exploration Technologies Corp. Class A (a)(c)(d) | 85,000 | 6,885 | |
The Boeing Co. (a) | 338,900 | 75,924 | |
82,809 | |||
Commercial Services & Supplies - 0.3% | |||
ACV Auctions, Inc. Class A (a) | 2,649,200 | 44,533 | |
Electrical Equipment - 1.3% | |||
Bloom Energy Corp. Class A (a)(b) | 1,340,400 | 20,093 | |
Eaton Corp. PLC | 114,900 | 26,470 | |
Nextracker, Inc. Class A | 59,400 | 2,502 | |
Sunrun, Inc. (a) | 88,600 | 1,385 | |
Vertiv Holdings Co. | 4,371,700 | 172,201 | |
222,651 | |||
Ground Transportation - 3.2% | |||
Bird Global, Inc.: | |||
Stage 1 rights (a)(d) | 4,240 | 0 | |
Stage 2 rights (a)(d) | 4,240 | 0 | |
Stage 3 rights (a)(d) | 4,240 | 0 | |
Lyft, Inc. (a) | 6,379,653 | 75,152 | |
Uber Technologies, Inc. (a) | 10,085,881 | 476,356 | |
551,508 | |||
TOTAL INDUSTRIALS | 901,501 | ||
INFORMATION TECHNOLOGY - 40.9% | |||
Communications Equipment - 0.3% | |||
Lumentum Holdings, Inc. (a) | 916,500 | 49,610 | |
Electronic Equipment, Instruments & Components - 2.8% | |||
Coherent Corp. (a) | 654,600 | 24,633 | |
Flex Ltd. (a) | 11,980,499 | 330,542 | |
Jabil, Inc. | 1,054,100 | 120,610 | |
475,785 | |||
IT Services - 2.1% | |||
EPAM Systems, Inc. (a) | 643,437 | 166,644 | |
Globant SA (a) | 31,200 | 6,379 | |
MongoDB, Inc. Class A (a) | 443,900 | 169,259 | |
Snowflake, Inc. (a) | 54,500 | 8,548 | |
350,830 | |||
Semiconductors & Semiconductor Equipment - 17.2% | |||
Advanced Micro Devices, Inc. (a) | 2,988,700 | 315,965 | |
Applied Materials, Inc. | 273,901 | 41,841 | |
GlobalFoundries, Inc. (a) | 1,172,100 | 64,759 | |
Marvell Technology, Inc. | 4,421,379 | 257,545 | |
NVIDIA Corp. | 2,960,572 | 1,461,190 | |
NXP Semiconductors NV | 1,559,767 | 320,875 | |
ON Semiconductor Corp. (a) | 3,567,961 | 351,301 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 1,103,500 | 103,254 | |
2,916,730 | |||
Software - 16.8% | |||
Adobe, Inc. (a) | 101,000 | 56,493 | |
Autodesk, Inc. (a) | 37,500 | 8,323 | |
Bill Holdings, Inc. (a) | 516,800 | 59,587 | |
Convoy, Inc. warrants (a)(c)(d) | 68,035 | 178 | |
Datadog, Inc. Class A (a) | 992,400 | 95,747 | |
DoubleVerify Holdings, Inc. (a) | 1,350,745 | 45,669 | |
Dynatrace, Inc. (a) | 2,721,464 | 131,175 | |
Elastic NV (a) | 1,088,640 | 67,365 | |
Five9, Inc. (a) | 599,000 | 43,350 | |
HubSpot, Inc. (a) | 160,549 | 87,743 | |
Intapp, Inc. (a) | 1,473,769 | 53,955 | |
Intuit, Inc. | 166,208 | 90,053 | |
Microsoft Corp. | 4,982,815 | 1,633,166 | |
Oracle Corp. | 1,188,500 | 143,084 | |
Palo Alto Networks, Inc. (a) | 215,000 | 52,310 | |
Pine Labs Private Ltd. (a)(c)(d) | 16,636 | 8,293 | |
Salesforce, Inc. (a) | 527,638 | 116,851 | |
ServiceNow, Inc. (a) | 261,658 | 154,072 | |
Stripe, Inc. Class B (a)(c)(d) | 73,500 | 1,364 | |
2,848,778 | |||
Technology Hardware, Storage & Peripherals - 1.7% | |||
Apple, Inc. | 1,401,060 | 263,217 | |
Pure Storage, Inc. Class A (a) | 750,200 | 27,450 | |
290,667 | |||
TOTAL INFORMATION TECHNOLOGY | 6,932,400 | ||
UTILITIES - 1.6% | |||
Electric Utilities - 1.2% | |||
Constellation Energy Corp. | 657,233 | 68,457 | |
PG&E Corp. (a) | 7,795,900 | 127,073 | |
195,530 | |||
Independent Power and Renewable Electricity Producers - 0.4% | |||
NextEra Energy Partners LP | 1,468,300 | 73,239 | |
TOTAL UTILITIES | 268,769 | ||
TOTAL COMMON STOCKS (Cost $10,271,167) | 16,388,901 | ||
Preferred Stocks - 3.0% | |||
Shares | Value ($) (000s) | ||
Convertible Preferred Stocks - 2.4% | |||
COMMUNICATION SERVICES - 0.3% | |||
Interactive Media & Services - 0.3% | |||
ByteDance Ltd. Series E1 (a)(c)(d) | 116,411 | 26,319 | |
Reddit, Inc. Series F (a)(c)(d) | 793,873 | 28,381 | |
54,700 | |||
CONSUMER DISCRETIONARY - 0.1% | |||
Automobiles - 0.0% | |||
Rad Power Bikes, Inc.: | |||
Series A(a)(c)(d) | 49,852 | 33 | |
Series C(a)(c)(d) | 196,163 | 314 | |
Series D(a)(c)(d) | 415,700 | 1,048 | |
1,395 | |||
Broadline Retail - 0.1% | |||
Meesho Series F (a)(c)(d) | 243,800 | 19,114 | |
TOTAL CONSUMER DISCRETIONARY | 20,509 | ||
CONSUMER STAPLES - 0.2% | |||
Consumer Staples Distribution & Retail - 0.2% | |||
GoBrands, Inc. Series G (a)(c)(d) | 70,400 | 5,570 | |
Instacart, Inc.: | |||
Series H(a)(c)(d) | 267,054 | 11,579 | |
Series I(a)(c)(d) | 90,554 | 3,926 | |
21,075 | |||
Food Products - 0.0% | |||
Bowery Farming, Inc. Series C1 (a)(c)(d) | 404,785 | 2,020 | |
Tobacco - 0.0% | |||
JUUL Labs, Inc.: | |||
Series C(a)(c)(d) | 566,439 | 3,603 | |
Series D(a)(c)(d) | 3,671 | 23 | |
3,626 | |||
TOTAL CONSUMER STAPLES | 26,721 | ||
FINANCIALS - 0.0% | |||
Financial Services - 0.0% | |||
Circle Internet Financial Ltd. Series F (a)(c)(d) | 155,650 | 3,348 | |
HEALTH CARE - 0.1% | |||
Health Care Equipment & Supplies - 0.1% | |||
Blink Health LLC Series C (a)(c)(d) | 234,164 | 11,193 | |
Health Care Technology - 0.0% | |||
Aledade, Inc. Series E1 (a)(c)(d) | 153,312 | 7,684 | |
TOTAL HEALTH CARE | 18,877 | ||
INDUSTRIALS - 0.8% | |||
Aerospace & Defense - 0.5% | |||
Relativity Space, Inc. Series E (a)(c)(d) | 1,068,417 | 22,597 | |
Space Exploration Technologies Corp.: | |||
Series I(a)(c)(d) | 16,438 | 13,315 | |
Series N(a)(c)(d) | 51,400 | 41,634 | |
77,546 | |||
Construction & Engineering - 0.3% | |||
Beta Technologies, Inc. Series A (a)(c)(d) | 441,839 | 50,056 | |
TOTAL INDUSTRIALS | 127,602 | ||
INFORMATION TECHNOLOGY - 0.8% | |||
Electronic Equipment, Instruments & Components - 0.1% | |||
CelLink Corp. Series D (a)(c)(d) | 380,829 | 4,696 | |
Enevate Corp. Series E (a)(c)(d) | 7,873,996 | 6,614 | |
11,310 | |||
IT Services - 0.0% | |||
Yanka Industries, Inc.: | |||
Series E(a)(c)(d) | 341,047 | 2,415 | |
Series F(a)(c)(d) | 380,955 | 2,697 | |
5,112 | |||
Semiconductors & Semiconductor Equipment - 0.1% | |||
GaN Systems, Inc.: | |||
Series F1(a)(c)(d) | 339,534 | 3,759 | |
Series F2(a)(c)(d) | 179,288 | 1,985 | |
SiMa.ai: | |||
Series B(a)(c)(d) | 1,198,500 | 7,395 | |
Series B1(a)(c)(d) | 171,099 | 1,232 | |
Xsight Labs Ltd. Series D (a)(c)(d) | 501,100 | 2,881 | |
17,252 | |||
Software - 0.6% | |||
Bolt Technology OU Series E (a)(c)(d) | 290,611 | 37,519 | |
Convoy, Inc. Series D (a)(c)(d) | 1,038,289 | 6,032 | |
Databricks, Inc.: | |||
Series G(a)(c)(d) | 181,200 | 13,318 | |
Series H(a)(c)(d) | 32,352 | 2,378 | |
Moloco, Inc. Series A (c)(d) | 265,144 | 15,909 | |
Mountain Digital, Inc. Series D (a)(c)(d) | 896,466 | 12,846 | |
Skyryse, Inc. Series B (a)(c)(d) | 244,100 | 5,634 | |
Stripe, Inc. Series H (a)(c)(d) | 165,183 | 3,066 | |
Tenstorrent, Inc. Series C1 (a)(c)(d) | 32,900 | 1,829 | |
98,531 | |||
TOTAL INFORMATION TECHNOLOGY | 132,205 | ||
MATERIALS - 0.1% | |||
Metals & Mining - 0.1% | |||
Diamond Foundry, Inc. Series C (a)(c)(d) | 674,317 | 22,414 | |
TOTAL CONVERTIBLE PREFERRED STOCKS | 406,376 | ||
Nonconvertible Preferred Stocks - 0.6% | |||
CONSUMER DISCRETIONARY - 0.0% | |||
Automobiles - 0.0% | |||
Neutron Holdings, Inc. Series 1C (a)(c)(d) | 6,477,300 | 186 | |
Waymo LLC Series A2 (a)(c)(d) | 47,838 | 2,874 | |
3,060 | |||
FINANCIALS - 0.3% | |||
Financial Services - 0.3% | |||
Circle Internet Financial Ltd. Series E (a)(c)(d) | 1,497,818 | 32,218 | |
Thriveworks TopCo LLC Series B (a)(c)(d)(g) | 764,320 | 10,204 | |
42,422 | |||
INFORMATION TECHNOLOGY - 0.3% | |||
IT Services - 0.0% | |||
Gupshup, Inc. (a)(c)(d) | 509,400 | 6,368 | |
Software - 0.3% | |||
Pine Labs Private Ltd.: | |||
Series 1(a)(c)(d) | 39,764 | 19,823 | |
Series A(a)(c)(d) | 9,936 | 4,953 | |
Series B(a)(c)(d) | 10,808 | 5,388 | |
Series B2(a)(c)(d) | 8,745 | 4,359 | |
Series C(a)(c)(d) | 16,265 | 8,108 | |
Series C1(a)(c)(d) | 3,427 | 1,708 | |
Series D(a)(c)(d) | 3,667 | 1,828 | |
46,167 | |||
TOTAL INFORMATION TECHNOLOGY | 52,535 | ||
TOTAL NONCONVERTIBLE PREFERRED STOCKS | 98,017 | ||
TOTAL PREFERRED STOCKS (Cost $567,944) | 504,393 | ||
Convertible Bonds - 0.1% | |||
Principal Amount (h) (000s) | Value ($) (000s) | ||
CONSUMER DISCRETIONARY - 0.1% | |||
Automobiles - 0.1% | |||
Neutron Holdings, Inc.: | |||
4% 5/22/27 (c)(d) | 843 | 989 | |
4% 6/12/27 (c)(d) | 232 | 272 | |
4.5% 10/27/25 (c)(d)(i) | 13,144 | 13,191 | |
14,452 | |||
INFORMATION TECHNOLOGY - 0.0% | |||
Software - 0.0% | |||
Convoy, Inc. 15% 9/30/26 (c)(d) | 453 | 483 | |
TOTAL CONVERTIBLE BONDS (Cost $14,672) | 14,935 | ||
Preferred Securities - 0.0% | |||
Principal Amount (h) (000s) | Value ($) (000s) | ||
INFORMATION TECHNOLOGY - 0.0% | |||
Semiconductors & Semiconductor Equipment - 0.0% | |||
GaN Systems, Inc. 0% (c)(d)(j) | 7,958 | 9,794 | |
Software - 0.0% | |||
Tenstorrent, Inc. 0% (c)(d)(j) | 1,830 | 1,711 | |
TOTAL PREFERRED SECURITIES (Cost $9,788) | 11,505 | ||
Money Market Funds - 1.8% | |||
Shares | Value ($) (000s) | ||
Fidelity Cash Central Fund 5.43% (k) | 31,291,325 | 31,298 | |
Fidelity Securities Lending Cash Central Fund 5.44% (k)(l) | 269,324,733 | 269,352 | |
TOTAL MONEY MARKET FUNDS (Cost $300,650) | 300,650 | ||
TOTAL INVESTMENT IN SECURITIES - 101.5% (Cost $11,164,221) | 17,220,384 |
NET OTHER ASSETS (LIABILITIES) - (1.5)% | (255,667) |
NET ASSETS - 100.0% | 16,964,717 |
Any values shown as $0 in the Schedule of Investments may reflect amounts less than $500.
Legend
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | 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 $653,883,000 or 3.9% of net assets. |
(d) | Level 3 security |
(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 $52,915,000 or 0.3% of net assets. |
(f) | Affiliated company |
(g) | Investment is owned by a wholly-owned subsidiary (Subsidiary) that is treated as a corporation for U.S. tax purposes. |
(h) | Amount is stated in United States dollars unless otherwise noted. |
(i) | Security initially issued at one coupon which converts to a higher coupon at a specified date. The rate shown is the rate at period end. |
(j) | Security is perpetual in nature with no stated maturity date. |
(k) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(l) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) (000s) |
Aledade, Inc. Series E1 | 5/20/22 | 7,637 |
Beta Technologies, Inc. Series A | 4/09/21 | 32,374 |
Blink Health LLC Series A1 | 12/30/20 | 1,520 |
Blink Health LLC Series C | 11/07/19 - 7/14/21 | 8,939 |
Bolt Technology OU Series E | 1/03/22 | 75,500 |
Bombas LLC | 2/16/21 - 11/12/21 | 24,316 |
Bowery Farming, Inc. Series C1 | 5/18/21 | 24,388 |
ByteDance Ltd. Series E1 | 11/18/20 | 12,756 |
CelLink Corp. Series D | 1/20/22 | 7,930 |
Circle Internet Financial Ltd. Series E | 5/11/21 | 24,310 |
Circle Internet Financial Ltd. Series F | 5/09/22 | 6,559 |
Convoy, Inc. Series D | 10/30/19 | 14,058 |
Convoy, Inc. warrants | 3/24/23 | 0 |
Convoy, Inc. 15% 9/30/26 | 3/24/23 | 453 |
Databricks, Inc. Series G | 2/01/21 | 10,713 |
Databricks, Inc. Series H | 8/31/21 | 2,377 |
Diamond Foundry, Inc. Series C | 3/15/21 | 16,184 |
Enevate Corp. Series E | 1/29/21 | 8,730 |
Epic Games, Inc. | 7/13/20 - 3/29/21 | 45,615 |
GaN Systems, Inc. Series F1 | 11/30/21 | 2,879 |
GaN Systems, Inc. Series F2 | 11/30/21 | 1,520 |
GaN Systems, Inc. 0% | 11/30/21 | 7,958 |
GoBrands, Inc. Series G | 3/02/21 | 17,580 |
Gupshup, Inc. | 6/08/21 | 11,648 |
Instacart, Inc. Series H | 11/13/20 | 16,023 |
Instacart, Inc. Series I | 2/26/21 | 11,319 |
JUUL Labs, Inc. Class B | 11/21/17 | 0 |
JUUL Labs, Inc. Series C | 5/22/15 | 0 |
JUUL Labs, Inc. Series D | 6/25/18 | 0 |
Meesho Series F | 9/21/21 | 18,693 |
Moloco, Inc. Series A | 6/26/23 | 15,909 |
Mountain Digital, Inc. Series D | 11/05/21 | 20,588 |
Neutron Holdings, Inc. | 2/04/21 | 5 |
Neutron Holdings, Inc. Series 1C | 7/03/18 | 1,184 |
Neutron Holdings, Inc. 4% 5/22/27 | 6/04/20 | 843 |
Neutron Holdings, Inc. 4% 6/12/27 | 6/12/20 | 232 |
Neutron Holdings, Inc. 4.5% 10/27/25 | 10/29/21 - 4/27/23 | 13,145 |
Payoneer Global, Inc. | 2/03/21 | 4,420 |
Pine Labs Private Ltd. | 6/30/21 | 6,203 |
Pine Labs Private Ltd. Series 1 | 6/30/21 | 14,826 |
Pine Labs Private Ltd. Series A | 6/30/21 | 3,705 |
Pine Labs Private Ltd. Series B | 6/30/21 | 4,030 |
Pine Labs Private Ltd. Series B2 | 6/30/21 | 3,261 |
Pine Labs Private Ltd. Series C | 6/30/21 | 6,065 |
Pine Labs Private Ltd. Series C1 | 6/30/21 | 1,278 |
Pine Labs Private Ltd. Series D | 6/30/21 | 1,367 |
Rad Power Bikes, Inc. | 1/21/21 | 1,845 |
Rad Power Bikes, Inc. Series A | 1/21/21 | 240 |
Rad Power Bikes, Inc. Series C | 1/21/21 | 946 |
Rad Power Bikes, Inc. Series D | 9/17/21 | 3,984 |
Rapyd Financial Network 2016 Ltd. | 3/30/21 | 25,000 |
Reddit, Inc. Series F | 8/11/21 | 49,057 |
Relativity Space, Inc. Series E | 5/27/21 | 24,397 |
SiMa.ai Series B | 5/10/21 | 6,145 |
SiMa.ai Series B1 | 4/25/22 - 10/17/22 | 1,213 |
Skyryse, Inc. Series B | 10/21/21 | 6,024 |
Space Exploration Technologies Corp. Class A | 2/16/21 | 3,570 |
Space Exploration Technologies Corp. Series I | 4/05/18 | 2,778 |
Space Exploration Technologies Corp. Series N | 8/04/20 | 13,878 |
Starling Bank Ltd. Series D | 6/18/21 - 4/05/22 | 13,359 |
Stripe, Inc. Class B | 5/18/21 | 2,949 |
Stripe, Inc. Series H | 3/15/21 - 5/25/23 | 6,628 |
Tenstorrent, Inc. Series C1 | 4/23/21 | 1,956 |
Tenstorrent, Inc. 0% | 4/23/21 | 1,830 |
Thriveworks TopCo LLC Series B | 7/23/21 - 2/25/22 | 21,989 |
Waymo LLC Series A2 | 5/08/20 | 4,108 |
Xsight Labs Ltd. Series D | 2/16/21 | 4,007 |
Yanka Industries, Inc. Series E | 5/15/20 | 4,120 |
Yanka Industries, Inc. Series F | 4/08/21 | 12,144 |
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 ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.43% | 4,561 | 1,484,570 | 1,457,833 | 984 | - | - | 31,298 | 0.1% |
Fidelity Securities Lending Cash Central Fund 5.44% | 168,941 | 1,584,886 | 1,484,475 | 1,889 | - | - | 269,352 | 1.0% |
Total | 173,502 | 3,069,456 | 2,942,308 | 2,873 | - | - | 300,650 | |
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
Amounts in the dividend income column for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.
Other Affiliated Issuers
An affiliated company is a company in which the Fund has ownership of at least 5% of the voting securities. Fiscal year to date transactions with companies which are or were affiliates are presented in the table below. Certain corporate actions, such as mergers, are excluded from the amounts in this table if applicable. A dash in the Value end of period ($) column means either the issuer is no longer held at period end, or the issuer is held at period end but is no longer an affiliate.
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 ($) |
P3 Health Partners, Inc. | 9,715 | - | - | - | - | 10,610 | - |
P3 Health Partners, Inc. Class A | - | - | 416 | - | (3,592) | (13,086) | - |
Repay Holdings Corp. | 46,202 | 5,417 | - | - | - | 4,424 | 56,043 |
Total | 55,917 | 5,417 | 416 | - | (3,592) | 1,948 | 56,043 |
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.
Securities, including private placements or other restricted securities, for which observable inputs are not available are valued using alternate valuation approaches, including the market approach, the income approach and cost approach, and are categorized as Level 3 in the hierarchy. The market approach considers factors including the price of recent investments in the same or a similar security or financial metrics of comparable securities. The income approach considers factors including expected future cash flows, security specific risks and corresponding discount rates. The cost approach considers factors including the value of the security's underlying assets and liabilities.
Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing services or from brokers who make markets in such securities. Convertible Bonds and Preferred Securities are valued by pricing services who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing services. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
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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