Quarterly Holdings Report
for
Fidelity® Blue Chip Growth Fund
October 31, 2022
BCF-NPRT1-1222
1.809076.119
Common Stocks - 97.4% | |||
Shares | Value ($) (000s) | ||
COMMUNICATION SERVICES - 10.9% | |||
Entertainment - 2.3% | |||
Activision Blizzard, Inc. | 190,090 | 13,839 | |
Endeavor Group Holdings, Inc. (a) | 1,645,017 | 35,927 | |
Netflix, Inc. (a) | 2,178,775 | 635,941 | |
Sea Ltd. ADR (a) | 1,908,537 | 94,816 | |
Universal Music Group NV | 2,008,899 | 39,446 | |
819,969 | |||
Interactive Media & Services - 8.5% | |||
Alphabet, Inc. Class A (a) | 21,586,340 | 2,040,125 | |
Meta Platforms, Inc. Class A (a) | 6,045,028 | 563,155 | |
Pinterest, Inc. Class A (a) | 603,714 | 14,851 | |
Snap, Inc. Class A (a)(b) | 47,206,472 | 467,816 | |
Tencent Holdings Ltd. sponsored ADR | 459,400 | 12,073 | |
3,098,020 | |||
Wireless Telecommunication Services - 0.1% | |||
T-Mobile U.S., Inc. (a) | 238,020 | 36,074 | |
TOTAL COMMUNICATION SERVICES | 3,954,063 | ||
CONSUMER DISCRETIONARY - 29.1% | |||
Automobiles - 4.5% | |||
General Motors Co. | 727,844 | 28,568 | |
Neutron Holdings, Inc. (a)(c)(d) | 7,152,433 | 172 | |
Rad Power Bikes, Inc. (a)(c)(d) | 928,091 | 3,824 | |
Rivian Automotive, Inc. (b) | 3,889,408 | 136,013 | |
Tesla, Inc. (a) | 6,479,190 | 1,474,275 | |
1,642,852 | |||
Hotels, Restaurants & Leisure - 3.8% | |||
Airbnb, Inc. Class A (a) | 3,416,300 | 365,237 | |
Caesars Entertainment, Inc. (a) | 3,975,085 | 173,830 | |
Chipotle Mexican Grill, Inc. (a) | 98,924 | 148,221 | |
Hilton Worldwide Holdings, Inc. | 947,339 | 128,137 | |
Marriott International, Inc. Class A | 1,272,937 | 203,810 | |
Penn Entertainment, Inc. (a) | 6,917,553 | 228,971 | |
Sonder Holdings, Inc.: | |||
rights (a)(d) | 16,222 | 12 | |
rights (a)(d) | 16,221 | 10 | |
rights (a)(d) | 16,222 | 8 | |
rights (a)(d) | 16,221 | 7 | |
rights (a)(d) | 16,221 | 6 | |
rights (a)(d) | 16,221 | 6 | |
Sweetgreen, Inc. Class A (b) | 6,842,529 | 127,271 | |
1,375,526 | |||
Internet & Direct Marketing Retail - 10.3% | |||
Alibaba Group Holding Ltd. sponsored ADR (a) | 1,456,173 | 92,583 | |
Amazon.com, Inc. (a) | 23,712,200 | 2,429,078 | |
Deliveroo PLC Class A (a)(e) | 11,852,649 | 11,847 | |
FSN E-Commerce Ventures Private Ltd. (a)(c) | 6,140,430 | 84,653 | |
JD.com, Inc.: | |||
Class A | 122,161 | 2,225 | |
sponsored ADR | 1,884,233 | 70,263 | |
Lyft, Inc. (a)(b) | 18,677,609 | 273,440 | |
Pinduoduo, Inc. ADR (a) | 2,459,939 | 134,878 | |
Uber Technologies, Inc. (a) | 22,358,345 | 594,061 | |
Wayfair LLC Class A (a) | 1,055,431 | 40,022 | |
3,733,050 | |||
Multiline Retail - 1.3% | |||
Dollar Tree, Inc. (a) | 2,320,426 | 367,788 | |
Ollie's Bargain Outlet Holdings, Inc. (a) | 786,755 | 44,058 | |
Target Corp. (b) | 300,127 | 49,296 | |
461,142 | |||
Specialty Retail - 5.0% | |||
American Eagle Outfitters, Inc. (b)(f) | 11,738,257 | 133,347 | |
Bath & Body Works, Inc. | 340,162 | 11,355 | |
Burlington Stores, Inc. (a)(b) | 263,380 | 37,653 | |
Carvana Co. Class A (a)(b) | 1,943,135 | 26,291 | |
Fanatics, Inc. Class A (a)(c)(d) | 1,938,909 | 147,687 | |
Five Below, Inc. (a) | 1,326,660 | 194,157 | |
Floor & Decor Holdings, Inc. Class A (a)(b) | 490,264 | 35,971 | |
Lowe's Companies, Inc. | 3,391,312 | 661,136 | |
RH (a)(b) | 685,583 | 174,090 | |
TJX Companies, Inc. | 3,426,398 | 247,043 | |
Victoria's Secret & Co. (a) | 2,380,088 | 89,491 | |
Warby Parker, Inc. (a)(b) | 4,143,717 | 66,507 | |
1,824,728 | |||
Textiles, Apparel & Luxury Goods - 4.2% | |||
Capri Holdings Ltd. (a) | 4,233,078 | 193,367 | |
Crocs, Inc. (a) | 2,674,066 | 189,190 | |
Deckers Outdoor Corp. (a) | 742,499 | 259,823 | |
Hermes International SCA | 11,418 | 14,787 | |
lululemon athletica, Inc. (a) | 1,397,150 | 459,718 | |
LVMH Moet Hennessy Louis Vuitton SE | 124,141 | 78,332 | |
NIKE, Inc. Class B | 3,196,092 | 296,214 | |
On Holding AG (a) | 2,524,304 | 44,403 | |
Tory Burch LLC (a)(c)(d)(g) | 293,611 | 10,053 | |
1,545,887 | |||
TOTAL CONSUMER DISCRETIONARY | 10,583,185 | ||
CONSUMER STAPLES - 1.3% | |||
Beverages - 1.1% | |||
Boston Beer Co., Inc. Class A (a) | 162,401 | 60,623 | |
Celsius Holdings, Inc. (a)(b) | 3,616,859 | 329,424 | |
Constellation Brands, Inc. Class A (sub. vtg.) | 74,707 | 18,459 | |
408,506 | |||
Food & Staples Retailing - 0.0% | |||
Blink Health LLC Series A1 (a)(c)(d) | 51,117 | 1,977 | |
Costco Wholesale Corp. | 7,649 | 3,836 | |
5,813 | |||
Food Products - 0.1% | |||
Sovos Brands, Inc. (a) | 62,488 | 866 | |
The Real Good Food Co. LLC: | |||
Class B (d)(f) | 1,262,073 | 0 | |
Class B unit (e)(f) | 1,262,073 | 8,443 | |
The Real Good Food Co., Inc. | 47,922 | 321 | |
9,630 | |||
Household Products - 0.1% | |||
Procter & Gamble Co. | 276,812 | 37,278 | |
Tobacco - 0.0% | |||
JUUL Labs, Inc.: | |||
Class A (a)(c)(d) | 21,148 | 118 | |
Class B (a)(c)(d) | 6,625 | 37 | |
155 | |||
TOTAL CONSUMER STAPLES | 461,382 | ||
ENERGY - 5.9% | |||
Energy Equipment & Services - 0.1% | |||
Halliburton Co. | 975,104 | 35,513 | |
Oil, Gas & Consumable Fuels - 5.8% | |||
Antero Resources Corp. (a) | 1,992,524 | 73,046 | |
Cenovus Energy, Inc. (Canada) | 1,872,772 | 37,858 | |
Cheniere Energy, Inc. | 287,286 | 50,680 | |
Denbury, Inc. (a) | 700,477 | 64,031 | |
Devon Energy Corp. | 1,810,886 | 140,072 | |
Diamondback Energy, Inc. | 1,265,071 | 198,755 | |
EOG Resources, Inc. | 1,605,358 | 219,163 | |
EQT Corp. | 389,884 | 16,313 | |
Equinor ASA | 374,300 | 13,637 | |
Exxon Mobil Corp. | 1,204,549 | 133,476 | |
Hess Corp. | 1,930,131 | 272,303 | |
Marathon Oil Corp. | 2,081,981 | 63,396 | |
Northern Oil & Gas, Inc. | 508,425 | 17,358 | |
Occidental Petroleum Corp. | 1,699,728 | 123,400 | |
Ovintiv, Inc. | 255,840 | 12,958 | |
Phillips 66 Co. | 907,667 | 94,661 | |
Pioneer Natural Resources Co. | 698,194 | 179,024 | |
Range Resources Corp. | 359,591 | 10,241 | |
Reliance Industries Ltd. | 6,959,093 | 214,338 | |
Reliance Industries Ltd. sponsored GDR (e) | 224,639 | 13,714 | |
Valero Energy Corp. | 1,214,920 | 152,533 | |
2,100,957 | |||
TOTAL ENERGY | 2,136,470 | ||
FINANCIALS - 1.0% | |||
Banks - 0.3% | |||
Kotak Mahindra Bank Ltd. | 779,186 | 17,903 | |
Wells Fargo & Co. | 2,170,181 | 99,807 | |
117,710 | |||
Consumer Finance - 0.6% | |||
American Express Co. | 1,405,270 | 208,612 | |
Diversified Financial Services - 0.1% | |||
Ant International Co. Ltd. Class C (a)(c)(d) | 6,428,801 | 9,900 | |
Berkshire Hathaway, Inc. Class B (a) | 41,990 | 12,391 | |
Housing Development Finance Corp. Ltd. | 697,722 | 20,817 | |
Rapyd Financial Network 2016 Ltd. (a)(c)(d) | 204,327 | 14,013 | |
57,121 | |||
TOTAL FINANCIALS | 383,443 | ||
HEALTH CARE - 8.5% | |||
Biotechnology - 1.3% | |||
Alnylam Pharmaceuticals, Inc. (a) | 696,196 | 144,294 | |
Arcutis Biotherapeutics, Inc. (a) | 675,039 | 11,935 | |
Argenx SE ADR (a) | 88,860 | 34,471 | |
Ascendis Pharma A/S sponsored ADR (a) | 428,576 | 49,286 | |
Cibus Corp. Series C (a)(c)(d)(g) | 6,861,885 | 13,381 | |
CytomX Therapeutics, Inc. (a)(e) | 378,621 | 496 | |
Generation Bio Co. (a) | 792,523 | 4,058 | |
Instil Bio, Inc. (a) | 534,779 | 1,765 | |
Karuna Therapeutics, Inc. (a) | 169,550 | 37,189 | |
Regeneron Pharmaceuticals, Inc. (a) | 98,542 | 73,783 | |
Vertex Pharmaceuticals, Inc. (a) | 265,554 | 82,853 | |
Verve Therapeutics, Inc. (a) | 428,772 | 16,165 | |
469,676 | |||
Health Care Equipment & Supplies - 1.9% | |||
Axonics Modulation Technologies, Inc. (a) | 708,644 | 51,830 | |
Boston Scientific Corp. (a) | 240,149 | 10,353 | |
DexCom, Inc. (a) | 2,331,709 | 281,624 | |
Insulet Corp. (a) | 316,352 | 81,875 | |
Oddity Tech Ltd. (c)(d) | 23,418 | 8,174 | |
Shockwave Medical, Inc. (a) | 847,590 | 248,471 | |
TransMedics Group, Inc. (a) | 102,324 | 4,934 | |
687,261 | |||
Health Care Providers & Services - 2.0% | |||
agilon health, Inc. (a) | 369,779 | 7,340 | |
Alignment Healthcare, Inc. (a) | 902,804 | 11,953 | |
Centene Corp. (a) | 403,826 | 34,378 | |
Cigna Corp. | 79,000 | 25,522 | |
Elevance Health, Inc. | 38,770 | 21,198 | |
Guardant Health, Inc. (a) | 2,028,900 | 100,431 | |
Humana, Inc. | 27,342 | 15,259 | |
LifeStance Health Group, Inc. (a) | 1,399,337 | 10,565 | |
Surgery Partners, Inc. (a) | 572,897 | 15,577 | |
UnitedHealth Group, Inc. | 909,155 | 504,717 | |
746,940 | |||
Health Care Technology - 0.0% | |||
Certara, Inc. (a) | 378,533 | 4,629 | |
MultiPlan Corp. warrants (a)(c) | 138,859 | 16 | |
4,645 | |||
Life Sciences Tools & Services - 0.9% | |||
Danaher Corp. | 604,600 | 152,160 | |
ICON PLC (a) | 99,433 | 19,672 | |
Olink Holding AB ADR (a) | 621,252 | 11,388 | |
Seer, Inc. (a) | 313,254 | 2,453 | |
Thermo Fisher Scientific, Inc. | 203,813 | 104,754 | |
Veterinary Emergency Group LLC Class A (a)(c)(d)(g) | 524,494 | 33,316 | |
323,743 | |||
Pharmaceuticals - 2.4% | |||
Eli Lilly & Co. | 1,535,257 | 555,901 | |
Roche Holding AG (participation certificate) | 45,600 | 15,130 | |
Zoetis, Inc. Class A | 1,909,771 | 287,955 | |
858,986 | |||
TOTAL HEALTH CARE | 3,091,251 | ||
INDUSTRIALS - 2.1% | |||
Aerospace & Defense - 1.3% | |||
Airbus Group NV | 274,137 | 29,663 | |
General Dynamics Corp. | 36,717 | 9,172 | |
Howmet Aerospace, Inc. | 1,109,184 | 39,431 | |
L3Harris Technologies, Inc. | 136,443 | 33,629 | |
Lockheed Martin Corp. | 56,948 | 27,715 | |
Northrop Grumman Corp. | 52,907 | 29,046 | |
Space Exploration Technologies Corp.: | |||
Class A (a)(c)(d) | 2,961,836 | 207,329 | |
Class C (a)(c)(d) | 27,830 | 1,948 | |
The Boeing Co. (a) | 694,385 | 98,957 | |
476,890 | |||
Air Freight & Logistics - 0.0% | |||
Delhivery Private Ltd. (a)(c) | 2,469,600 | 9,755 | |
Commercial Services & Supplies - 0.1% | |||
ACV Auctions, Inc. Class A (a) | 1,671,464 | 15,244 | |
Electrical Equipment - 0.3% | |||
Acuity Brands, Inc. | 646,655 | 118,706 | |
Machinery - 0.1% | |||
Deere & Co. | 76,391 | 30,237 | |
Road & Rail - 0.3% | |||
Avis Budget Group, Inc. (a) | 305,933 | 72,341 | |
Bird Global, Inc. (a)(c) | 1,821,129 | 791 | |
Bird Global, Inc.: | |||
Class A (a)(b) | 15,146,562 | 6,577 | |
rights (a)(d) | 262,923 | 11 | |
rights (a)(d) | 262,922 | 8 | |
rights (a)(d) | 262,922 | 5 | |
Hertz Global Holdings, Inc. (b) | 2,400,860 | 44,176 | |
123,909 | |||
TOTAL INDUSTRIALS | 774,741 | ||
INFORMATION TECHNOLOGY - 37.4% | |||
Electronic Equipment & Components - 0.0% | |||
Mobileye Global, Inc. (a) | 333,200 | 8,790 | |
IT Services - 2.5% | |||
Adyen BV (a)(e) | 5,563 | 7,942 | |
Cloudflare, Inc. (a) | 92,394 | 5,204 | |
MasterCard, Inc. Class A | 1,280,115 | 420,108 | |
MongoDB, Inc. Class A (a) | 175,798 | 32,176 | |
Okta, Inc. (a) | 1,890,155 | 106,075 | |
PayPal Holdings, Inc. (a) | 644,616 | 53,877 | |
Snowflake, Inc. (a) | 235,862 | 37,809 | |
Twilio, Inc. Class A (a) | 2,033,761 | 151,251 | |
Visa, Inc. Class A | 389,006 | 80,586 | |
X Holdings I, Inc. (c)(d) | 19,660 | 19,660 | |
914,688 | |||
Semiconductors & Semiconductor Equipment - 11.9% | |||
Advanced Micro Devices, Inc. (a) | 3,730,779 | 224,071 | |
ASML Holding NV | 87,490 | 41,332 | |
Cirrus Logic, Inc. (a) | 685,220 | 45,992 | |
GlobalFoundries, Inc. | 3,785,081 | 214,614 | |
Lam Research Corp. | 163,686 | 66,257 | |
Marvell Technology, Inc. | 26,973,761 | 1,070,319 | |
Monolithic Power Systems, Inc. | 217,624 | 73,872 | |
NVIDIA Corp. | 12,286,913 | 1,658,365 | |
NXP Semiconductors NV | 3,664,695 | 535,339 | |
onsemi (a) | 3,287,194 | 201,932 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 1,032,465 | 63,548 | |
Teradyne, Inc. | 1,554,221 | 126,436 | |
Wolfspeed, Inc. (a) | 19,273 | 1,518 | |
4,323,595 | |||
Software - 11.0% | |||
Atlassian Corp. PLC (a)(b) | 51,199 | 10,380 | |
Atom Tickets LLC (a)(c)(d)(g) | 1,204,239 | 0 | |
Bill.Com Holdings, Inc. (a)(b) | 396,376 | 52,861 | |
Coupa Software, Inc. (a) | 527,792 | 28,094 | |
Crowdstrike Holdings, Inc. (a) | 457,790 | 73,796 | |
Datadog, Inc. Class A (a) | 538,561 | 43,360 | |
Elastic NV (a) | 254,618 | 16,283 | |
Epic Games, Inc. (a)(c)(d) | 6,131 | 5,456 | |
HubSpot, Inc. (a) | 436,437 | 129,430 | |
Intuit, Inc. | 375,824 | 160,665 | |
Microsoft Corp. | 12,559,839 | 2,915,515 | |
Oracle Corp. | 99,600 | 7,776 | |
Paycom Software, Inc. (a) | 166,840 | 57,727 | |
Pine Labs Private Ltd. (a)(c)(d) | 9,912 | 4,974 | |
Salesforce.com, Inc. (a) | 2,039,837 | 331,657 | |
ServiceNow, Inc. (a) | 162,654 | 68,435 | |
Splunk, Inc. (a) | 470,737 | 39,123 | |
Stripe, Inc. Class B (a)(c)(d) | 173,600 | 4,133 | |
Tanium, Inc. Class B (a)(c)(d) | 554,900 | 4,833 | |
Zoom Video Communications, Inc. Class A (a) | 546,718 | 45,618 | |
4,000,116 | |||
Technology Hardware, Storage & Peripherals - 12.0% | |||
Apple, Inc. | 28,440,675 | 4,361,088 | |
TOTAL INFORMATION TECHNOLOGY | 13,608,277 | ||
MATERIALS - 1.1% | |||
Chemicals - 0.7% | |||
CF Industries Holdings, Inc. | 720,953 | 76,608 | |
Nutrien Ltd. (b) | 937,709 | 79,231 | |
The Mosaic Co. | 1,688,413 | 90,752 | |
246,591 | |||
Metals & Mining - 0.4% | |||
Freeport-McMoRan, Inc. | 5,408,290 | 171,389 | |
TOTAL MATERIALS | 417,980 | ||
REAL ESTATE - 0.1% | |||
Real Estate Management & Development - 0.1% | |||
WeWork, Inc. (a)(b) | 12,876,971 | 33,094 | |
UTILITIES - 0.0% | |||
Electric Utilities - 0.0% | |||
ORSTED A/S (e) | 86,238 | 7,115 | |
TOTAL COMMON STOCKS (Cost $22,126,273) | 35,451,001 | ||
Preferred Stocks - 2.5% | |||
Shares | Value ($) (000s) | ||
Convertible Preferred Stocks - 2.1% | |||
COMMUNICATION SERVICES - 0.1% | |||
Interactive Media & Services - 0.1% | |||
Reddit, Inc.: | |||
Series B(a)(c)(d) | 524,232 | 20,324 | |
Series E(a)(c)(d) | 43,813 | 1,699 | |
Series F(a)(c)(d) | 457,142 | 17,723 | |
39,746 | |||
CONSUMER DISCRETIONARY - 0.3% | |||
Automobiles - 0.0% | |||
Rad Power Bikes, Inc.: | |||
Series A(a)(c)(d) | 120,997 | 499 | |
Series C(a)(c)(d) | 476,111 | 1,962 | |
Series D(a)(c)(d) | 867,000 | 3,572 | |
6,033 | |||
Hotels, Restaurants & Leisure - 0.1% | |||
Discord, Inc. Series I (a)(c)(d) | 6,100 | 2,165 | |
MOD Super Fast Pizza Holdings LLC Series 3 (a)(c)(d)(g) | 100,182 | 24,931 | |
27,096 | |||
Internet & Direct Marketing Retail - 0.2% | |||
GoBrands, Inc.: | |||
Series G(a)(c)(d) | 166,200 | 30,566 | |
Series H(a)(c)(d) | 104,029 | 19,132 | |
Instacart, Inc.: | |||
Series H(a)(c)(d) | 245,379 | 9,104 | |
Series I(a)(c)(d) | 118,846 | 4,409 | |
63,211 | |||
Textiles, Apparel & Luxury Goods - 0.0% | |||
Algolia SAS Series D (a)(c)(d) | 276,495 | 4,333 | |
CelLink Corp. Series D (c)(d) | 771,513 | 11,619 | |
15,952 | |||
TOTAL CONSUMER DISCRETIONARY | 112,292 | ||
CONSUMER STAPLES - 0.1% | |||
Food & Staples Retailing - 0.0% | |||
Blink Health LLC Series C (a)(c)(d) | 170,685 | 6,602 | |
Food Products - 0.0% | |||
AgBiome LLC Series C (a)(c)(d) | 1,091,300 | 7,159 | |
Bowery Farming, Inc. Series C1 (a)(c)(d) | 161,262 | 4,146 | |
11,305 | |||
Tobacco - 0.1% | |||
JUUL Labs, Inc.: | |||
Series C(a)(c)(d) | 2,570,575 | 14,344 | |
Series D(a)(c)(d) | 13,822 | 77 | |
Series E(a)(c)(d) | 14,959 | 83 | |
14,504 | |||
TOTAL CONSUMER STAPLES | 32,411 | ||
HEALTH CARE - 0.0% | |||
Biotechnology - 0.0% | |||
Castle Creek Biosciences, Inc. Series D2 (c)(d) | 5,347 | 1,089 | |
Pharmaceuticals - 0.0% | |||
Castle Creek Pharmaceutical Holdings, Inc. Series B (a)(c)(d) | 3,301 | 731 | |
TOTAL HEALTH CARE | 1,820 | ||
INDUSTRIALS - 0.6% | |||
Aerospace & Defense - 0.6% | |||
ABL Space Systems: | |||
Series B(a)(c)(d) | 270,130 | 13,606 | |
Series B2(c)(d) | 141,569 | 7,131 | |
Relativity Space, Inc. Series E (a)(c)(d) | 2,480,614 | 49,315 | |
Space Exploration Technologies Corp.: | |||
Series G(a)(c)(d) | 97,277 | 68,094 | |
Series H(a)(c)(d) | 25,767 | 18,037 | |
Series N(a)(c)(d) | 79,406 | 55,584 | |
211,767 | |||
Construction & Engineering - 0.0% | |||
Beta Technologies, Inc. Series A (a)(c)(d) | 101,010 | 8,325 | |
TOTAL INDUSTRIALS | 220,092 | ||
INFORMATION TECHNOLOGY - 0.8% | |||
Communications Equipment - 0.1% | |||
Meesho Series F (a)(c)(d) | 546,589 | 35,933 | |
Xsight Labs Ltd. Series D (a)(c)(d) | 1,192,000 | 7,998 | |
43,931 | |||
Electronic Equipment & Components - 0.0% | |||
Enevate Corp. Series E (a)(c)(d) | 12,084,432 | 10,396 | |
Menlo Micro, Inc. Series C (c)(d) | 4,680,700 | 3,812 | |
14,208 | |||
IT Services - 0.2% | |||
AppNexus, Inc. Series E (Escrow) (a)(c)(d) | 646,522 | 20 | |
ByteDance Ltd. Series E1 (a)(c)(d) | 293,038 | 46,013 | |
Yanka Industries, Inc. Series F (a)(c)(d) | 508,854 | 7,852 | |
53,885 | |||
Semiconductors & Semiconductor Equipment - 0.2% | |||
Alif Semiconductor Series C (c)(d) | 391,847 | 6,293 | |
Astera Labs, Inc.: | |||
Series A(c)(d) | 672,992 | 6,441 | |
Series B(c)(d) | 114,587 | 1,097 | |
Series C(a)(c)(d) | 1,572,300 | 15,047 | |
Series D(c)(d) | 2,623,426 | 25,106 | |
GaN Systems, Inc.: | |||
Series F1(c)(d) | 661,660 | 3,057 | |
Series F2(c)(d) | 349,385 | 1,614 | |
SiMa.ai: | |||
Series B(a)(c)(d) | 2,821,200 | 16,984 | |
Series B1(c)(d) | 188,978 | 1,338 | |
76,977 | |||
Software - 0.3% | |||
Bolt Technology OU Series E (c)(d) | 170,267 | 20,801 | |
Databricks, Inc.: | |||
Series G(a)(c)(d) | 437,958 | 23,277 | |
Series H(a)(c)(d) | 273,924 | 14,559 | |
Dataminr, Inc. Series D (a)(c)(d) | 277,250 | 5,442 | |
Delphix Corp. Series D (a)(c)(d) | 675,445 | 4,431 | |
Malwarebytes Corp. Series B (a)(c)(d) | 1,056,193 | 8,333 | |
Mountain Digital, Inc. Series D (c)(d) | 524,265 | 7,261 | |
Skyryse, Inc. Series B (c)(d) | 560,000 | 11,234 | |
Stripe, Inc. Series H (a)(c)(d) | 73,100 | 1,741 | |
Tenstorrent, Inc. Series C1 (a)(c)(d) | 77,800 | 3,404 | |
100,483 | |||
TOTAL INFORMATION TECHNOLOGY | 289,484 | ||
MATERIALS - 0.2% | |||
Metals & Mining - 0.2% | |||
Diamond Foundry, Inc. Series C (a)(c)(d) | 2,271,329 | 68,867 | |
UTILITIES - 0.0% | |||
Independent Power and Renewable Electricity Producers - 0.0% | |||
Redwood Materials Series C (a)(c)(d) | 341,408 | 10,529 | |
TOTAL CONVERTIBLE PREFERRED STOCKS | 775,241 | ||
Nonconvertible Preferred Stocks - 0.4% | |||
CONSUMER DISCRETIONARY - 0.2% | |||
Automobiles - 0.0% | |||
Neutron Holdings, Inc.: | |||
Series 1C(a)(c)(d) | 50,654,200 | 1,221 | |
Series 1D(a)(c)(d) | 85,315,542 | 2,056 | |
Waymo LLC Series A2 (a)(c)(d) | 81,316 | 3,726 | |
7,003 | |||
Internet & Direct Marketing Retail - 0.2% | |||
Circle Internet Financial Ltd. Series E (c) | 1,244,183 | 61,004 | |
TOTAL CONSUMER DISCRETIONARY | 68,007 | ||
FINANCIALS - 0.1% | |||
Diversified Financial Services - 0.1% | |||
ZKH Group Ltd. Series F (d) | 21,325,985 | 12,068 | |
HEALTH CARE - 0.0% | |||
Pharmaceuticals - 0.0% | |||
Castle Creek Pharmaceutical Holdings, Inc. Series A4 (a)(c)(d) | 29,758 | 6,440 | |
INFORMATION TECHNOLOGY - 0.1% | |||
IT Services - 0.0% | |||
Gupshup, Inc. (a)(c)(d) | 709,497 | 13,296 | |
Software - 0.1% | |||
Pine Labs Private Ltd.: | |||
Series 1(a)(c)(d) | 23,689 | 11,887 | |
Series A(a)(c)(d) | 5,920 | 2,971 | |
Series B(a)(c)(d) | 6,440 | 3,232 | |
Series B2(a)(c)(d) | 5,209 | 2,614 | |
Series C(a)(c)(d) | 9,690 | 4,862 | |
Series C1(a)(c)(d) | 2,041 | 1,024 | |
Series D(a)(c)(d) | 2,183 | 1,095 | |
27,685 | |||
TOTAL INFORMATION TECHNOLOGY | 40,981 | ||
TOTAL NONCONVERTIBLE PREFERRED STOCKS | 127,496 | ||
TOTAL PREFERRED STOCKS (Cost $868,260) | 902,737 | ||
Convertible Bonds - 0.1% | |||
Principal Amount (h) (000s) | Value ($) (000s) | ||
CONSUMER DISCRETIONARY - 0.1% | |||
Automobiles - 0.1% | |||
Neutron Holdings, Inc.: | |||
4% 10/27/25 (c)(d)(i) | 20,045 | 17,607 | |
4% 5/22/27 (c)(d) | 2,433 | 2,351 | |
4% 6/12/27 (c)(d) | 647 | 626 | |
(Cost $23,125) | 20,584 | ||
Preferred Securities - 0.0% | |||
Principal Amount (h) (000s) | Value ($) (000s) | ||
INFORMATION TECHNOLOGY - 0.0% | |||
Electronic Equipment & Components - 0.0% | |||
Enevate Corp. 0% 1/29/23 (c)(d) | 5,145 | 5,145 | |
Semiconductors & Semiconductor Equipment - 0.0% | |||
GaN Systems, Inc. 0% (c)(d)(j) | 15,508 | 8,458 | |
Software - 0.0% | |||
Tenstorrent, Inc. 0% (c)(d)(j) | 4,320 | 4,320 | |
TOTAL PREFERRED SECURITIES (Cost $24,973) | 17,923 | ||
Money Market Funds - 2.2% | |||
Shares | Value ($) (000s) | ||
Fidelity Cash Central Fund 3.10% (k) | 64,592,482 | 64,605 | |
Fidelity Securities Lending Cash Central Fund 3.10% (k)(l) | 748,573,560 | 748,648 | |
TOTAL MONEY MARKET FUNDS (Cost $813,253) | 813,253 | ||
TOTAL INVESTMENT IN SECURITIES - 102.2% (Cost $23,855,884) | 37,205,498 |
NET OTHER ASSETS (LIABILITIES) - (2.2)% | (799,176) |
NET ASSETS - 100.0% | 36,406,322 |
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 $1,515,376,000 or 4.2% 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 $49,557,000 or 0.1% of net assets. |
(f) | Affiliated company |
(g) | Investment is owned by a wholly-owned subsidiary (Subsidiary) that is treated as a corporation for U.S. tax purposes. |
(h) | Amount is stated in United States dollars unless otherwise noted. |
(i) | Security initially issued at one coupon which converts to a higher coupon at a specified date. The rate shown is the rate at period end. |
(j) | Security is perpetual in nature with no stated maturity date. |
(k) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(l) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) (000s) |
ABL Space Systems Series B | 3/24/21 | 12,165 |
ABL Space Systems Series B2 | 10/22/21 | 9,626 |
AgBiome LLC Series C | 6/29/18 | 6,912 |
Algolia SAS Series D | 7/23/21 | 8,086 |
Alif Semiconductor Series C | 3/08/22 | 7,954 |
Ant International Co. Ltd. Class C | 5/16/18 | 24,503 |
AppNexus, Inc. Series E (Escrow) | 8/01/14 | 0 |
Astera Labs, Inc. Series A | 5/17/22 | 6,844 |
Astera Labs, Inc. Series B | 5/17/22 | 1,165 |
Astera Labs, Inc. Series C | 8/24/21 | 5,286 |
Astera Labs, Inc. Series D | 5/17/22 - 5/27/22 | 26,679 |
Atom Tickets LLC | 8/15/17 | 7,195 |
Beta Technologies, Inc. Series A | 4/09/21 | 7,401 |
Bird Global, Inc. | 5/11/21 | 18,211 |
Blink Health LLC Series A1 | 12/30/20 | 1,385 |
Blink Health LLC Series C | 11/07/19 - 7/14/21 | 6,515 |
Bolt Technology OU Series E | 1/03/22 | 44,235 |
Bowery Farming, Inc. Series C1 | 5/18/21 | 9,716 |
ByteDance Ltd. Series E1 | 11/18/20 | 32,109 |
Castle Creek Biosciences, Inc. Series D2 | 6/28/21 | 917 |
Castle Creek Pharmaceutical Holdings, Inc. Series A4 | 9/29/16 | 9,831 |
Castle Creek Pharmaceutical Holdings, Inc. Series B | 10/09/18 | 1,360 |
CelLink Corp. Series D | 1/20/22 | 16,066 |
Cibus Corp. Series C | 2/16/18 - 6/23/21 | 12,238 |
Circle Internet Financial Ltd. Series E | 5/11/21 | 20,193 |
Databricks, Inc. Series G | 2/01/21 | 25,893 |
Databricks, Inc. Series H | 8/31/21 | 20,129 |
Dataminr, Inc. Series D | 3/06/15 | 3,535 |
Delhivery Private Ltd. | 5/20/21 | 12,055 |
Delphix Corp. Series D | 7/10/15 | 6,079 |
Diamond Foundry, Inc. Series C | 3/15/21 | 54,512 |
Discord, Inc. Series I | 9/15/21 | 3,359 |
Enevate Corp. Series E | 1/29/21 | 13,398 |
Enevate Corp. 0% 1/29/23 | 1/29/21 | 5,145 |
Epic Games, Inc. | 7/30/20 | 3,525 |
Fanatics, Inc. Class A | 8/13/20 - 10/24/22 | 78,990 |
FSN E-Commerce Ventures Private Ltd. | 10/07/20 - 10/26/20 | 16,851 |
GaN Systems, Inc. Series F1 | 11/30/21 | 5,611 |
GaN Systems, Inc. Series F2 | 11/30/21 | 2,963 |
GaN Systems, Inc. 0% | 11/30/21 | 15,508 |
GoBrands, Inc. Series G | 3/02/21 | 41,503 |
GoBrands, Inc. Series H | 7/22/21 | 40,414 |
Gupshup, Inc. | 6/08/21 | 16,223 |
Instacart, Inc. Series H | 11/13/20 | 14,723 |
Instacart, Inc. Series I | 2/26/21 | 14,856 |
JUUL Labs, Inc. Class A | 12/20/17 | 453 |
JUUL Labs, Inc. Class B | 11/21/17 | 0 |
JUUL Labs, Inc. Series C | 5/22/15 - 7/06/18 | 0 |
JUUL Labs, Inc. Series D | 6/25/18 - 7/06/18 | 0 |
JUUL Labs, Inc. Series E | 12/20/17 | 321 |
Malwarebytes Corp. Series B | 12/21/15 | 10,958 |
Meesho Series F | 9/21/21 | 41,908 |
Menlo Micro, Inc. Series C | 2/09/22 | 6,204 |
MOD Super Fast Pizza Holdings LLC Series 3 | 11/03/16 - 5/15/19 | 14,037 |
Mountain Digital, Inc. Series D | 11/05/21 | 12,040 |
MultiPlan Corp. warrants | 10/08/20 | 0 |
Neutron Holdings, Inc. | 2/04/21 | 72 |
Neutron Holdings, Inc. Series 1C | 7/03/18 | 9,262 |
Neutron Holdings, Inc. Series 1D | 1/25/19 | 20,689 |
Neutron Holdings, Inc. 4% 10/27/25 | 10/29/21 | 20,045 |
Neutron Holdings, Inc. 4% 5/22/27 | 6/04/20 | 2,433 |
Neutron Holdings, Inc. 4% 6/12/27 | 6/12/20 | 647 |
Oddity Tech Ltd. | 1/06/22 | 10,079 |
Pine Labs Private Ltd. | 6/30/21 | 3,696 |
Pine Labs Private Ltd. Series 1 | 6/30/21 | 8,833 |
Pine Labs Private Ltd. Series A | 6/30/21 | 2,207 |
Pine Labs Private Ltd. Series B | 6/30/21 | 2,401 |
Pine Labs Private Ltd. Series B2 | 6/30/21 | 1,942 |
Pine Labs Private Ltd. Series C | 6/30/21 | 3,613 |
Pine Labs Private Ltd. Series C1 | 6/30/21 | 761 |
Pine Labs Private Ltd. Series D | 6/30/21 | 814 |
Rad Power Bikes, Inc. | 1/21/21 | 4,477 |
Rad Power Bikes, Inc. Series A | 1/21/21 | 584 |
Rad Power Bikes, Inc. Series C | 1/21/21 | 2,297 |
Rad Power Bikes, Inc. Series D | 9/17/21 | 8,309 |
Rapyd Financial Network 2016 Ltd. | 3/30/21 | 15,000 |
Reddit, Inc. Series B | 7/26/17 | 7,442 |
Reddit, Inc. Series E | 5/18/21 | 1,861 |
Reddit, Inc. Series F | 8/11/21 | 28,249 |
Redwood Materials Series C | 5/28/21 | 16,184 |
Relativity Space, Inc. Series E | 5/27/21 | 56,645 |
SiMa.ai Series B | 5/10/21 | 14,465 |
SiMa.ai Series B1 | 4/25/22 | 1,340 |
Skyryse, Inc. Series B | 10/21/21 | 13,821 |
Space Exploration Technologies Corp. Class A | 10/16/15 - 5/24/22 | 55,406 |
Space Exploration Technologies Corp. Class C | 9/11/17 | 376 |
Space Exploration Technologies Corp. Series G | 1/20/15 | 7,535 |
Space Exploration Technologies Corp. Series H | 8/04/17 | 3,479 |
Space Exploration Technologies Corp. Series N | 8/04/20 | 21,440 |
Stripe, Inc. Class B | 5/18/21 | 6,966 |
Stripe, Inc. Series H | 3/15/21 | 2,933 |
Tanium, Inc. Class B | 4/21/17 | 2,755 |
Tenstorrent, Inc. Series C1 | 4/23/21 | 4,626 |
Tenstorrent, Inc. 0% | 4/23/21 | 4,320 |
Tory Burch LLC | 5/14/15 | 20,623 |
Veterinary Emergency Group LLC Class A | 9/16/21 - 3/17/22 | 21,638 |
Waymo LLC Series A2 | 5/08/20 | 6,982 |
X Holdings I, Inc. | 10/25/22 | 19,660 |
Xsight Labs Ltd. Series D | 2/16/21 | 9,531 |
Yanka Industries, Inc. Series F | 4/08/21 | 16,221 |
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 ($) | % ownership, end of period |
Fidelity Cash Central Fund 3.10% | - | 429,024 | 364,419 | 125 | - | - | 64,605 | 0.1% |
Fidelity Securities Lending Cash Central Fund 3.10% | 776,449 | 1,066,201 | 1,094,002 | 1,251 | - | - | 748,648 | 2.1% |
Total | 776,449 | 1,495,225 | 1,458,421 | 1,376 | - | - | 813,253 | |
Amounts in the income column in the above table include any capital gain distributions from underlying funds.
Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.
Other Affiliated Issuers
An affiliated company is a company in which the Fund has ownership of at least 5% of the voting securities. Fiscal year to date transactions with companies which are or were affiliates are as follows:
Affiliate (Amounts in thousands) | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) |
American Eagle Outfitters, Inc. | 116,007 | 23,548 | 808 | - | 8 | (5,408) | 133,347 |
The Real Good Food Co. LLC Class B | - | - | - | - | - | - | - |
The Real Good Food Co. LLC Class B unit | 8,203 | - | - | - | - | 240 | 8,443 |
The Real Good Food Co., Inc. | 314 | - | 2 | - | (2) | 11 | - |
Total | 124,524 | 23,548 | 810 | - | 6 | (5,157) | 141,790 |
Purchase and Sales proceeds in the table above include the value of securities received or delivered through in-kind transactions, if applicable.
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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