Quarterly Holdings Report
for
Fidelity Advisor® Series Growth Opportunities Fund
February 29, 2024
AXS3-NPRT1-0424
1.967935.110
Common Stocks - 97.2% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 20.7% | |||
Entertainment - 5.1% | |||
Netflix, Inc. (a) | 13,400 | 8,079,128 | |
Roku, Inc. Class A (a)(b) | 291,796 | 18,435,671 | |
Sea Ltd. ADR (a) | 382,640 | 18,565,693 | |
45,080,492 | |||
Interactive Media & Services - 13.4% | |||
Alphabet, Inc.: | |||
Class A (a) | 98,200 | 13,596,772 | |
Class C (a) | 249,460 | 34,869,519 | |
Epic Games, Inc. (a)(c)(d) | 2,200 | 1,509,332 | |
Meta Platforms, Inc. Class A | 124,189 | 60,868,755 | |
Snap, Inc. Class A (a) | 191,200 | 2,107,024 | |
Zoominfo Technologies, Inc. (a) | 343,782 | 5,761,786 | |
118,713,188 | |||
Media - 0.3% | |||
Magnite, Inc. (a) | 207,102 | 2,489,366 | |
The Trade Desk, Inc. (a) | 3,300 | 281,919 | |
2,771,285 | |||
Wireless Telecommunication Services - 1.9% | |||
T-Mobile U.S., Inc. | 101,224 | 16,529,879 | |
TOTAL COMMUNICATION SERVICES | 183,094,844 | ||
CONSUMER DISCRETIONARY - 10.7% | |||
Automobiles - 0.0% | |||
Neutron Holdings, Inc. (a)(c)(d) | 77,208 | 2,517 | |
Rad Power Bikes, Inc. (a)(c)(d) | 13,874 | 5,966 | |
Rad Power Bikes, Inc. warrants 10/6/33 (a)(c)(d) | 18,888 | 44,576 | |
Rivian Automotive, Inc. (a) | 5,600 | 63,392 | |
Tesla, Inc. (a) | 260 | 52,489 | |
168,940 | |||
Broadline Retail - 5.6% | |||
Amazon.com, Inc. (a) | 281,280 | 49,719,053 | |
Hotels, Restaurants & Leisure - 1.0% | |||
Domino's Pizza, Inc. | 6,000 | 2,690,100 | |
Doordash, Inc. (a) | 1,900 | 236,683 | |
Hilton Worldwide Holdings, Inc. | 18,000 | 3,677,760 | |
Planet Fitness, Inc. (a) | 40,183 | 2,493,355 | |
Sonder Holdings, Inc.: | |||
Stage 1 rights (a)(d) | 1,133 | 11 | |
Stage 2 rights (a)(d) | 1,132 | 0 | |
Stage 3 rights (a)(d) | 1,132 | 0 | |
Stage 4 rights (a)(d) | 1,132 | 0 | |
Stage 5: | |||
rights (a)(d) | 1,132 | 0 | |
rights (a)(d) | 1,132 | 0 | |
9,097,909 | |||
Household Durables - 0.0% | |||
D.R. Horton, Inc. | 600 | 89,664 | |
Lennar Corp. Class A | 800 | 126,808 | |
216,472 | |||
Specialty Retail - 2.9% | |||
Carvana Co. Class A (a)(b) | 87,200 | 6,621,096 | |
Floor & Decor Holdings, Inc. Class A (a)(b) | 63,100 | 7,642,672 | |
Lowe's Companies, Inc. | 39,700 | 9,554,599 | |
Wayfair LLC Class A (a) | 21,586 | 1,286,526 | |
25,104,893 | |||
Textiles, Apparel & Luxury Goods - 1.2% | |||
Bombas LLC (a)(c)(d) | 174,908 | 474,001 | |
lululemon athletica, Inc. (a) | 12,001 | 5,605,547 | |
LVMH Moet Hennessy Louis Vuitton SE | 5,100 | 4,654,952 | |
10,734,500 | |||
TOTAL CONSUMER DISCRETIONARY | 95,041,767 | ||
CONSUMER STAPLES - 0.6% | |||
Beverages - 0.1% | |||
The Coca-Cola Co. | 16,900 | 1,014,338 | |
Consumer Staples Distribution & Retail - 0.4% | |||
BJ's Wholesale Club Holdings, Inc. (a) | 46,000 | 3,359,840 | |
Maplebear, Inc. (NASDAQ) | 18,285 | 594,994 | |
3,954,834 | |||
Food Products - 0.0% | |||
Bowery Farming, Inc. warrants (a)(c)(d) | 7,445 | 30,748 | |
Tobacco - 0.1% | |||
JUUL Labs, Inc.: | |||
Class A (a)(c)(d)(e) | 795,007 | 850,657 | |
Class B (a)(c)(d) | 709 | 759 | |
851,416 | |||
TOTAL CONSUMER STAPLES | 5,851,336 | ||
FINANCIALS - 6.8% | |||
Banks - 0.1% | |||
Starling Bank Ltd. Series D (a)(c)(d) | 244,400 | 968,709 | |
Capital Markets - 1.6% | |||
Coinbase Global, Inc. (a) | 27,200 | 5,536,832 | |
LPL Financial | 33,300 | 8,920,737 | |
14,457,569 | |||
Financial Services - 5.1% | |||
Apollo Global Management, Inc. | 7,700 | 860,860 | |
Block, Inc. Class A (a) | 85,279 | 6,777,122 | |
Dlocal Ltd. (a) | 193,556 | 3,224,643 | |
Fiserv, Inc. (a) | 51,300 | 7,657,551 | |
Global Payments, Inc. | 69,200 | 8,975,240 | |
Marqeta, Inc. Class A (a) | 876,088 | 5,720,855 | |
PayPal Holdings, Inc. (a) | 1,400 | 84,476 | |
Visa, Inc. Class A | 40,626 | 11,482,533 | |
44,783,280 | |||
TOTAL FINANCIALS | 60,209,558 | ||
HEALTH CARE - 9.8% | |||
Biotechnology - 2.0% | |||
AbbVie, Inc. | 500 | 88,025 | |
Alnylam Pharmaceuticals, Inc. (a) | 4,063 | 613,879 | |
ALX Oncology Holdings, Inc. (a) | 35,600 | 522,252 | |
Argenx SE ADR (a) | 3,990 | 1,516,240 | |
Ascendis Pharma A/S sponsored ADR (a) | 8,116 | 1,199,220 | |
Celldex Therapeutics, Inc. (a) | 34,400 | 1,653,264 | |
Cytokinetics, Inc. (a) | 34,041 | 2,459,122 | |
Keros Therapeutics, Inc. (a) | 10,100 | 681,750 | |
Moderna, Inc. (a) | 29,800 | 2,748,752 | |
Nuvalent, Inc. Class A (a) | 14,400 | 1,211,328 | |
Regeneron Pharmaceuticals, Inc. (a) | 800 | 772,872 | |
Vaxcyte, Inc. (a) | 48,102 | 3,550,890 | |
Zentalis Pharmaceuticals, Inc. (a) | 35,100 | 523,341 | |
17,540,935 | |||
Health Care Equipment & Supplies - 2.5% | |||
Baxter International, Inc. | 2,200 | 90,024 | |
Blink Health LLC Series A1 (a)(c)(d) | 1,597 | 75,730 | |
Boston Scientific Corp. (a) | 221,301 | 14,652,339 | |
Inspire Medical Systems, Inc. (a) | 300 | 53,712 | |
Penumbra, Inc. (a) | 14,895 | 3,499,133 | |
TransMedics Group, Inc. (a) | 45,899 | 3,745,358 | |
22,116,296 | |||
Health Care Providers & Services - 2.8% | |||
agilon health, Inc. (a)(b) | 673,683 | 4,129,677 | |
Alignment Healthcare, Inc. (a) | 40,903 | 245,418 | |
Centene Corp. (a) | 44,587 | 3,496,958 | |
Humana, Inc. | 10,819 | 3,790,112 | |
UnitedHealth Group, Inc. | 26,591 | 13,125,318 | |
24,787,483 | |||
Life Sciences Tools & Services - 0.6% | |||
Danaher Corp. | 10,397 | 2,631,897 | |
Thermo Fisher Scientific, Inc. | 5,200 | 2,964,936 | |
5,596,833 | |||
Pharmaceuticals - 1.9% | |||
AstraZeneca PLC sponsored ADR | 2,700 | 173,232 | |
Eli Lilly & Co. | 19,700 | 14,847,496 | |
Merck & Co., Inc. | 2,100 | 267,015 | |
Novo Nordisk A/S Series B | 6,100 | 728,131 | |
Structure Therapeutics, Inc. ADR | 10,900 | 442,213 | |
16,458,087 | |||
TOTAL HEALTH CARE | 86,499,634 | ||
INDUSTRIALS - 7.4% | |||
Aerospace & Defense - 0.4% | |||
Space Exploration Technologies Corp. Class A (a)(c)(d) | 3,000 | 291,000 | |
The Boeing Co. (a) | 16,800 | 3,422,496 | |
3,713,496 | |||
Building Products - 0.8% | |||
Builders FirstSource, Inc. (a) | 38,100 | 7,436,358 | |
Commercial Services & Supplies - 0.4% | |||
ACV Auctions, Inc. Class A (a) | 153,400 | 2,722,850 | |
Veralto Corp. | 3,665 | 316,729 | |
3,039,579 | |||
Electrical Equipment - 1.8% | |||
Eaton Corp. PLC | 4,500 | 1,300,500 | |
Nextracker, Inc. Class A | 81,008 | 4,555,890 | |
Sunrun, Inc. (a) | 4,300 | 51,772 | |
Vertiv Holdings Co. | 151,700 | 10,257,954 | |
16,166,116 | |||
Ground Transportation - 3.9% | |||
Bird Global, Inc.: | |||
Stage 1 rights (a)(d) | 152 | 0 | |
Stage 2 rights (a)(d) | 152 | 0 | |
Stage 3 rights (a)(d) | 152 | 0 | |
Lyft, Inc. (a) | 330,410 | 5,246,911 | |
Uber Technologies, Inc. (a) | 373,176 | 29,667,492 | |
34,914,403 | |||
Machinery - 0.1% | |||
Symbotic, Inc. (a)(b) | 10,100 | 397,940 | |
TOTAL INDUSTRIALS | 65,667,892 | ||
INFORMATION TECHNOLOGY - 40.0% | |||
Communications Equipment - 0.4% | |||
Arista Networks, Inc. (a) | 5,300 | 1,470,962 | |
Lumentum Holdings, Inc. (a) | 40,800 | 1,977,576 | |
3,448,538 | |||
Electronic Equipment, Instruments & Components - 2.2% | |||
Flex Ltd. (a) | 551,990 | 15,538,519 | |
Jabil, Inc. | 25,400 | 3,659,886 | |
19,198,405 | |||
IT Services - 1.5% | |||
Accenture PLC Class A | 2,100 | 787,038 | |
EPAM Systems, Inc. (a) | 19,300 | 5,874,920 | |
MongoDB, Inc. Class A (a) | 15,000 | 6,713,700 | |
Snowflake, Inc. (a) | 2,300 | 433,044 | |
13,808,702 | |||
Semiconductors & Semiconductor Equipment - 18.3% | |||
Advanced Micro Devices, Inc. (a) | 67,700 | 13,034,281 | |
Applied Materials, Inc. | 12,366 | 2,493,233 | |
Arm Holdings Ltd. ADR (b) | 3,500 | 493,640 | |
Broadcom, Inc. | 200 | 260,098 | |
First Solar, Inc. (a) | 16,500 | 2,539,185 | |
GlobalFoundries, Inc. (a) | 32,000 | 1,749,440 | |
Marvell Technology, Inc. | 201,177 | 14,416,344 | |
Micron Technology, Inc. | 3,000 | 271,830 | |
NVIDIA Corp. | 112,576 | 89,061,125 | |
NXP Semiconductors NV | 66,828 | 16,688,956 | |
ON Semiconductor Corp. (a) | 162,342 | 12,812,031 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 62,900 | 8,093,343 | |
Xsight Labs Ltd. warrants 1/11/34 (a)(c)(d) | 1,910 | 3,495 | |
161,917,001 | |||
Software - 15.9% | |||
Adobe, Inc. (a) | 11,400 | 6,387,192 | |
Cadence Design Systems, Inc. (a) | 600 | 182,628 | |
Confluent, Inc. (a) | 4,700 | 159,189 | |
Convoy, Inc. warrants (a)(c)(d) | 6,152 | 0 | |
CoreWeave, Inc. (c)(d) | 433 | 157,677 | |
Datadog, Inc. Class A (a) | 33,100 | 4,351,326 | |
DoubleVerify Holdings, Inc. (a) | 43,840 | 1,354,218 | |
Dynatrace, Inc. (a) | 7,847 | 388,819 | |
HubSpot, Inc. (a) | 6,074 | 3,758,652 | |
Intapp, Inc. (a) | 88,779 | 3,482,800 | |
Intuit, Inc. | 6,313 | 4,184,825 | |
Klaviyo, Inc. Class A | 1,600 | 42,400 | |
Manhattan Associates, Inc. (a) | 300 | 75,999 | |
Microsoft Corp. | 229,983 | 95,130,165 | |
Oracle Corp. | 76,200 | 8,510,016 | |
Pegasystems, Inc. | 1,300 | 84,552 | |
Salesforce, Inc. | 19,579 | 6,046,387 | |
Samsara, Inc. (a) | 9,600 | 331,680 | |
ServiceNow, Inc. (a) | 7,468 | 5,760,367 | |
Stripe, Inc. Class B (a)(c)(d) | 2,500 | 63,475 | |
Synopsys, Inc. (a) | 600 | 344,238 | |
140,796,605 | |||
Technology Hardware, Storage & Peripherals - 1.7% | |||
Apple, Inc. | 77,113 | 13,938,175 | |
Pure Storage, Inc. Class A (a) | 29,200 | 1,537,380 | |
15,475,555 | |||
TOTAL INFORMATION TECHNOLOGY | 354,644,806 | ||
REAL ESTATE - 0.3% | |||
Equity Real Estate Investment Trusts (REITs) - 0.3% | |||
American Tower Corp. | 11,800 | 2,346,548 | |
UTILITIES - 0.9% | |||
Electric Utilities - 0.9% | |||
Constellation Energy Corp. | 26,233 | 4,418,949 | |
PG&E Corp. | 196,300 | 3,276,247 | |
7,695,196 | |||
TOTAL COMMON STOCKS (Cost $421,063,451) | 861,051,581 | ||
Preferred Stocks - 1.8% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 1.6% | |||
COMMUNICATION SERVICES - 0.1% | |||
Interactive Media & Services - 0.1% | |||
ByteDance Ltd. Series E1 (a)(c)(d) | 4,644 | 1,026,928 | |
CONSUMER DISCRETIONARY - 0.0% | |||
Automobiles - 0.0% | |||
Rad Power Bikes, Inc.: | |||
Series A(a)(c)(d) | 1,809 | 778 | |
Series C(a)(c)(d) | 7,117 | 5,267 | |
Series D(a)(c)(d) | 12,697 | 13,713 | |
19,758 | |||
CONSUMER STAPLES - 0.0% | |||
Consumer Staples Distribution & Retail - 0.0% | |||
GoBrands, Inc. Series G (a)(c)(d) | 2,400 | 116,784 | |
Food Products - 0.0% | |||
Bowery Farming, Inc.: | |||
Series C1(a)(c)(d) | 13,745 | 109,410 | |
Series D1(c)(d) | 7,445 | 39,607 | |
149,017 | |||
Tobacco - 0.0% | |||
JUUL Labs, Inc.: | |||
Series C(a)(c)(d) | 70,175 | 75,087 | |
Series D(a)(c)(d) | 938 | 1,004 | |
76,091 | |||
TOTAL CONSUMER STAPLES | 341,892 | ||
FINANCIALS - 0.0% | |||
Financial Services - 0.0% | |||
Circle Internet Financial Ltd. Series F (a)(c)(d) | 5,401 | 143,451 | |
Tenstorrent Holdings, Inc. Series C1 (c)(d) | 2,264 | 137,085 | |
280,536 | |||
HEALTH CARE - 0.1% | |||
Health Care Equipment & Supplies - 0.1% | |||
Blink Health LLC Series C (a)(c)(d) | 15,631 | 741,222 | |
Health Care Technology - 0.0% | |||
Aledade, Inc. Series E1 (a)(c)(d) | 5,837 | 274,689 | |
TOTAL HEALTH CARE | 1,015,911 | ||
INDUSTRIALS - 0.9% | |||
Aerospace & Defense - 0.7% | |||
Relativity Space, Inc. Series E (a)(c)(d) | 36,263 | 777,479 | |
Space Exploration Technologies Corp.: | |||
Series I(a)(c)(d) | 3,290 | 3,191,300 | |
Series N(a)(c)(d) | 2,559 | 2,482,230 | |
6,451,009 | |||
Construction & Engineering - 0.2% | |||
Beta Technologies, Inc. Series A (a)(c)(d) | 15,188 | 1,727,483 | |
TOTAL INDUSTRIALS | 8,178,492 | ||
INFORMATION TECHNOLOGY - 0.4% | |||
Electronic Equipment, Instruments & Components - 0.1% | |||
CelLink Corp. Series D (a)(c)(d) | 12,100 | 113,861 | |
Enevate Corp. Series E (a)(c)(d) | 285,844 | 240,109 | |
VAST Data Ltd.: | |||
Series A(c)(d) | 2,512 | 37,981 | |
Series A1(c)(d) | 6,183 | 93,487 | |
Series A2(c)(d) | 7,112 | 107,533 | |
Series B(c)(d) | 5,659 | 85,564 | |
Series C(c)(d) | 165 | 2,495 | |
Series E(c)(d) | 5,408 | 81,769 | |
762,799 | |||
IT Services - 0.0% | |||
Yanka Industries, Inc.: | |||
Series E(a)(c)(d) | 19,716 | 113,761 | |
Series F(a)(c)(d) | 13,160 | 94,489 | |
208,250 | |||
Semiconductors & Semiconductor Equipment - 0.1% | |||
SiMa.ai: | |||
Series B(a)(c)(d) | 40,700 | 277,167 | |
Series B1(a)(c)(d) | 5,810 | 45,260 | |
Xsight Labs Ltd.: | |||
Series D(a)(c)(d) | 17,400 | 89,262 | |
Series D1(c)(d) | 6,366 | 47,172 | |
458,861 | |||
Software - 0.2% | |||
Convoy, Inc. Series D (a)(c)(d) | 93,888 | 1 | |
Databricks, Inc.: | |||
Series G(a)(c)(d) | 6,600 | 541,530 | |
Series I(c)(d) | 104 | 8,533 | |
Moloco, Inc. Series A (c)(d) | 11,676 | 552,508 | |
Mountain Digital, Inc. Series D (a)(c)(d) | 28,106 | 468,527 | |
Stripe, Inc. Series H (a)(c)(d) | 5,729 | 145,459 | |
1,716,558 | |||
TOTAL INFORMATION TECHNOLOGY | 3,146,468 | ||
MATERIALS - 0.1% | |||
Metals & Mining - 0.1% | |||
Diamond Foundry, Inc. Series C (a)(c)(d) | 23,194 | 580,778 | |
TOTAL CONVERTIBLE PREFERRED STOCKS | 14,590,763 | ||
Nonconvertible Preferred Stocks - 0.2% | |||
CONSUMER DISCRETIONARY - 0.0% | |||
Automobiles - 0.0% | |||
Neutron Holdings, Inc. Series 1C (a)(c)(d) | 1,387,600 | 45,236 | |
Waymo LLC Series A2 (a)(c)(d) | 2,896 | 150,882 | |
196,118 | |||
FINANCIALS - 0.2% | |||
Financial Services - 0.2% | |||
Circle Internet Financial Ltd. Series E (a)(c)(d) | 53,240 | 1,414,054 | |
INFORMATION TECHNOLOGY - 0.0% | |||
IT Services - 0.0% | |||
Gupshup, Inc. (a)(c)(d) | 17,900 | 200,838 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS | 1,811,010 | ||
TOTAL PREFERRED STOCKS (Cost $14,209,755) | 16,401,773 | ||
Convertible Bonds - 0.1% | |||
Principal Amount (f) | Value ($) | ||
CONSUMER DISCRETIONARY - 0.1% | |||
Automobiles - 0.1% | |||
Neutron Holdings, Inc.: | |||
4% 5/22/27 (c)(d) | 47,700 | 64,638 | |
4% 6/12/27 (c)(d) | 13,100 | 17,752 | |
5.5% 10/29/26 (c)(d)(g) | 413,150 | 425,545 | |
507,935 | |||
INFORMATION TECHNOLOGY - 0.0% | |||
Software - 0.0% | |||
Convoy, Inc. 15% 9/30/26 (c)(d) | 40,971 | 0 | |
TOTAL CONVERTIBLE BONDS (Cost $514,921) | 507,935 | ||
Preferred Securities - 0.0% | |||
Principal Amount (f) | Value ($) | ||
CONSUMER DISCRETIONARY - 0.0% | |||
Automobiles - 0.0% | |||
Rad Power Bikes, Inc. 8% 12/31/25 (c)(d) | 18,888 | 34,676 | |
INFORMATION TECHNOLOGY - 0.0% | |||
Electronic Equipment, Instruments & Components - 0.0% | |||
Enevate Corp. 6% (c)(d)(h) | 14,864 | 15,470 | |
TOTAL PREFERRED SECURITIES (Cost $33,752) | 50,146 | ||
Money Market Funds - 1.5% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (i) | 2,234,923 | 2,235,370 | |
Fidelity Securities Lending Cash Central Fund 5.39% (i)(j) | 10,885,035 | 10,886,123 | |
TOTAL MONEY MARKET FUNDS (Cost $13,121,493) | 13,121,493 | ||
Equity Funds - 0.9% | |||
Shares | Value ($) | ||
Domestic Equity Funds - 0.9% | |||
iShares Russell 1000 Growth Index ETF (b) (Cost $7,474,020) | 24,300 | 8,046,702 | |
TOTAL INVESTMENT IN SECURITIES - 101.5% (Cost $456,417,392) | 899,179,630 |
NET OTHER ASSETS (LIABILITIES) - (1.5)% | (13,613,595) |
NET ASSETS - 100.0% | 885,566,035 |
Security Type Abbreviations
ETF | - | EXCHANGE-TRADED FUND |
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 $21,438,496 or 2.4% of net assets. |
(d) | Level 3 security |
(e) | Security or a portion of the security purchased on a delayed delivery or when-issued basis. |
(f) | Amount is stated in United States dollars unless otherwise noted. |
(g) | Security initially issued at one coupon which converts to a higher coupon at a specified date. The rate shown is the rate at period end. |
(h) | Security is perpetual in nature with no stated maturity date. |
(i) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(j) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
Aledade, Inc. Series E1 | 5/20/22 | 290,767 |
Beta Technologies, Inc. Series A | 4/09/21 | 1,112,825 |
Blink Health LLC Series A1 | 12/30/20 | 43,263 |
Blink Health LLC Series C | 11/07/19 - 7/14/21 | 596,729 |
Bombas LLC | 2/16/21 - 11/12/21 | 830,401 |
Bowery Farming, Inc. Series C1 | 5/18/21 | 828,127 |
Bowery Farming, Inc. Series D1 | 10/25/23 | 70,343 |
Bowery Farming, Inc. warrants | 10/25/23 | 0 |
ByteDance Ltd. Series E1 | 11/18/20 | 508,862 |
CelLink Corp. Series D | 1/20/22 | 251,969 |
Circle Internet Financial Ltd. Series E | 5/11/21 | 864,100 |
Circle Internet Financial Ltd. Series F | 5/09/22 | 227,598 |
Convoy, Inc. Series D | 10/30/19 | 1,271,244 |
Convoy, Inc. warrants | 3/24/23 | 0 |
Convoy, Inc. 15% 9/30/26 | 3/24/23 | 40,971 |
CoreWeave, Inc. | 11/29/23 | 134,169 |
Databricks, Inc. Series G | 2/01/21 | 390,209 |
Databricks, Inc. Series I | 9/14/23 | 7,644 |
Diamond Foundry, Inc. Series C | 3/15/21 | 556,656 |
Enevate Corp. Series E | 1/29/21 | 316,911 |
Enevate Corp. 6% | 11/02/23 | 14,864 |
Epic Games, Inc. | 7/13/20 - 3/29/21 | 1,730,000 |
GoBrands, Inc. Series G | 3/02/21 | 599,322 |
Gupshup, Inc. | 6/08/21 | 409,287 |
JUUL Labs, Inc. Class A | 2/23/24 | 848,583 |
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 |
Moloco, Inc. Series A | 6/26/23 | 700,560 |
Mountain Digital, Inc. Series D | 11/05/21 | 645,463 |
Neutron Holdings, Inc. | 2/04/21 | 772 |
Neutron Holdings, Inc. Series 1C | 7/03/18 | 253,709 |
Neutron Holdings, Inc. 4% 5/22/27 | 6/04/20 | 47,700 |
Neutron Holdings, Inc. 4% 6/12/27 | 6/12/20 | 13,100 |
Neutron Holdings, Inc. 5.5% 10/29/26 | 10/29/21 - 10/27/23 | 413,150 |
Rad Power Bikes, Inc. | 1/21/21 | 66,926 |
Rad Power Bikes, Inc. warrants 10/6/33 | 10/06/23 | 0 |
Rad Power Bikes, Inc. Series A | 1/21/21 | 8,726 |
Rad Power Bikes, Inc. Series C | 1/21/21 | 34,331 |
Rad Power Bikes, Inc. Series D | 9/17/21 | 121,686 |
Rad Power Bikes, Inc. 8% 12/31/25 | 10/06/23 | 18,888 |
Relativity Space, Inc. Series E | 5/27/21 | 828,069 |
SiMa.ai Series B | 5/10/21 | 208,685 |
SiMa.ai Series B1 | 4/25/22 - 10/17/22 | 41,198 |
Space Exploration Technologies Corp. Class A | 2/16/21 | 125,997 |
Space Exploration Technologies Corp. Series I | 4/05/18 | 556,010 |
Space Exploration Technologies Corp. Series N | 8/04/20 | 690,930 |
Starling Bank Ltd. Series D | 6/18/21 - 4/05/22 | 468,193 |
Stripe, Inc. Class B | 5/18/21 | 100,321 |
Stripe, Inc. Series H | 3/15/21 - 5/25/23 | 229,877 |
Tenstorrent Holdings, Inc. Series C1 | 4/23/21 | 134,645 |
VAST Data Ltd. Series A | 11/28/23 | 27,632 |
VAST Data Ltd. Series A1 | 11/28/23 | 68,013 |
VAST Data Ltd. Series A2 | 11/28/23 | 78,232 |
VAST Data Ltd. Series B | 11/28/23 | 62,249 |
VAST Data Ltd. Series C | 11/28/23 | 1,815 |
VAST Data Ltd. Series E | 11/28/23 | 118,976 |
Waymo LLC Series A2 | 5/08/20 | 248,671 |
Xsight Labs Ltd. warrants 1/11/34 | 1/11/24 | 0 |
Xsight Labs Ltd. Series D | 2/16/21 | 139,130 |
Xsight Labs Ltd. Series D1 | 1/11/24 | 50,903 |
Yanka Industries, Inc. Series E | 5/15/20 | 238,154 |
Yanka Industries, Inc. Series F | 4/08/21 | 419,499 |
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 5.39% | 1,286,935 | 37,969,464 | 37,021,029 | 29,174 | - | - | 2,235,370 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.39% | 12,523,731 | 51,501,226 | 53,138,834 | 7,044 | - | - | 10,886,123 | 0.0% |
Total | 13,810,666 | 89,470,690 | 90,159,863 | 36,218 | - | - | 13,121,493 | |
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.
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.
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 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 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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