Quarterly Holdings Report
for
Fidelity® Small Cap Growth Fund
October 31, 2022
SCP-NPRT1-1222
1.823237.118
Common Stocks - 95.2% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 3.6% | |||
Diversified Telecommunication Services - 0.2% | |||
IDT Corp. Class B (a) | 329,281 | 8,581,063 | |
Entertainment - 0.2% | |||
World Wrestling Entertainment, Inc. Class A (b) | 127,200 | 10,034,808 | |
Interactive Media & Services - 1.0% | |||
Bumble, Inc. (a)(b) | 991,963 | 25,195,860 | |
Cars.com, Inc. (a) | 1,747,731 | 24,258,506 | |
49,454,366 | |||
Media - 1.7% | |||
Nexstar Broadcasting Group, Inc. Class A | 132,405 | 22,680,977 | |
TechTarget, Inc. (a)(b) | 1,020,176 | 65,852,361 | |
88,533,338 | |||
Wireless Telecommunication Services - 0.5% | |||
Gogo, Inc. (a) | 1,674,619 | 23,813,082 | |
TOTAL COMMUNICATION SERVICES | 180,416,657 | ||
CONSUMER DISCRETIONARY - 11.9% | |||
Auto Components - 0.9% | |||
Autoliv, Inc. | 165,026 | 13,259,839 | |
Fox Factory Holding Corp. (a) | 232,740 | 20,446,209 | |
Gentherm, Inc. (a) | 224,100 | 13,091,922 | |
46,797,970 | |||
Diversified Consumer Services - 1.4% | |||
Duolingo, Inc. (a)(b) | 142,761 | 11,683,560 | |
Grand Canyon Education, Inc. (a) | 285,907 | 28,770,821 | |
H&R Block, Inc. | 483,729 | 19,905,448 | |
Rover Group, Inc. Class A (a)(b)(c) | 2,413,974 | 10,597,346 | |
70,957,175 | |||
Hotels, Restaurants & Leisure - 3.1% | |||
Churchill Downs, Inc. | 171,776 | 35,713,948 | |
Dutch Bros, Inc. (a)(b) | 446,666 | 16,486,442 | |
Everi Holdings, Inc. (a) | 852,344 | 16,177,489 | |
Kura Sushi U.S.A., Inc. Class A (a)(b) | 242,881 | 19,194,885 | |
Lindblad Expeditions Holdings (a)(c) | 4,053,793 | 34,011,323 | |
SeaWorld Entertainment, Inc. (a) | 590,145 | 34,322,833 | |
155,906,920 | |||
Household Durables - 1.0% | |||
GoPro, Inc. Class A (a) | 1,782,234 | 9,713,175 | |
Helen of Troy Ltd. (a) | 191,096 | 18,081,504 | |
LGI Homes, Inc. (a) | 113,098 | 10,410,671 | |
Lovesac (a)(b) | 558,233 | 13,587,391 | |
51,792,741 | |||
Internet & Direct Marketing Retail - 0.4% | |||
BARK, Inc. warrants 8/29/25 (a) | 571,317 | 110,664 | |
Porch Group, Inc. Class A (a)(b) | 3,157,693 | 4,294,462 | |
thredUP, Inc. (a) | 1,189,424 | 1,462,992 | |
Xometry, Inc. (a)(b) | 203,481 | 12,221,069 | |
18,089,187 | |||
Specialty Retail - 3.4% | |||
Aritzia, Inc. (a) | 998,296 | 38,719,830 | |
Dick's Sporting Goods, Inc. | 222,117 | 25,268,030 | |
Fanatics, Inc. Class A (a)(d)(e) | 726,062 | 55,304,143 | |
Five Below, Inc. (a) | 104,849 | 15,344,651 | |
Floor & Decor Holdings, Inc. Class A (a)(b) | 312,407 | 22,921,302 | |
Lithia Motors, Inc. Class A (sub. vtg.) | 63,167 | 12,516,541 | |
170,074,497 | |||
Textiles, Apparel & Luxury Goods - 1.7% | |||
Algolia, Inc. (d)(e) | 234,640 | 3,676,809 | |
Crocs, Inc. (a) | 797,383 | 56,414,847 | |
Kontoor Brands, Inc. (b) | 696,797 | 24,875,653 | |
84,967,309 | |||
TOTAL CONSUMER DISCRETIONARY | 598,585,799 | ||
CONSUMER STAPLES - 4.3% | |||
Beverages - 0.5% | |||
Boston Beer Co., Inc. Class A (a) | 71,481 | 26,683,142 | |
Food & Staples Retailing - 3.4% | |||
BJ's Wholesale Club Holdings, Inc. (a) | 417,771 | 32,335,475 | |
Casey's General Stores, Inc. | 150,746 | 35,080,102 | |
Grocery Outlet Holding Corp. (a) | 334,033 | 11,547,521 | |
Performance Food Group Co. (a) | 1,171,761 | 60,978,442 | |
U.S. Foods Holding Corp. (a) | 1,023,289 | 30,453,081 | |
170,394,621 | |||
Food Products - 0.1% | |||
Freshpet, Inc. (a) | 94,115 | 5,548,079 | |
The Real Good Food Co. LLC: | |||
Class B (e) | 248,958 | 2 | |
Class B unit (f) | 248,958 | 1,665,529 | |
7,213,610 | |||
Personal Products - 0.3% | |||
The Beauty Health Co. (a)(b) | 1,126,902 | 12,880,490 | |
TOTAL CONSUMER STAPLES | 217,171,863 | ||
ENERGY - 5.1% | |||
Energy Equipment & Services - 0.7% | |||
TechnipFMC PLC (a) | 3,278,320 | 34,717,409 | |
Oil, Gas & Consumable Fuels - 4.4% | |||
Antero Resources Corp. (a) | 928,128 | 34,025,172 | |
Civitas Resources, Inc. | 222,250 | 15,537,498 | |
Denbury, Inc. (a) | 507,887 | 46,425,951 | |
Enviva, Inc. (b) | 383,182 | 22,929,611 | |
Genesis Energy LP | 3,149,037 | 36,182,435 | |
HF Sinclair Corp. | 248,408 | 15,195,117 | |
Northern Oil & Gas, Inc. | 484,645 | 16,545,780 | |
PDC Energy, Inc. | 150,359 | 10,846,898 | |
Range Resources Corp. | �� | 896,139 | 25,522,039 |
223,210,501 | |||
TOTAL ENERGY | 257,927,910 | ||
FINANCIALS - 5.3% | |||
Banks - 1.5% | |||
East West Bancorp, Inc. | 151,607 | 10,850,513 | |
First Interstate Bancsystem, Inc. | 272,970 | 12,450,162 | |
Glacier Bancorp, Inc. | 238,557 | 13,664,545 | |
PacWest Bancorp | 377,952 | 9,395,887 | |
Pinnacle Financial Partners, Inc. | 165,012 | 13,694,346 | |
Silvergate Capital Corp. (a) | 198,629 | 11,274,182 | |
Starling Bank Ltd. Series D (a)(d)(e) | 1,942,800 | 6,282,969 | |
77,612,604 | |||
Capital Markets - 2.1% | |||
Impax Asset Management Group PLC | 4,706 | 36,159 | |
Lazard Ltd. Class A | 377,232 | 14,225,419 | |
LPL Financial | 129,949 | 33,221,462 | |
Morningstar, Inc. | 40,351 | 9,368,695 | |
Perella Weinberg Partners (a)(d) | 2,039,500 | 16,071,260 | |
StepStone Group, Inc. Class A | 736,146 | 21,731,030 | |
StoneX Group, Inc. (a) | 97,476 | 9,096,460 | |
103,750,485 | |||
Insurance - 1.3% | |||
American Financial Group, Inc. | 147,608 | 21,419,397 | |
Assurant, Inc. | 108,450 | 14,734,017 | |
BRP Group, Inc. (a) | 1,111,581 | 31,513,321 | |
67,666,735 | |||
Thrifts & Mortgage Finance - 0.4% | |||
Walker & Dunlop, Inc. | 195,650 | 17,600,674 | |
TOTAL FINANCIALS | 266,630,498 | ||
HEALTH CARE - 22.9% | |||
Biotechnology - 8.4% | |||
ALX Oncology Holdings, Inc. (a)(b) | 793,122 | 9,628,501 | |
Argenx SE ADR (a) | 95,246 | 36,948,781 | |
Ascendis Pharma A/S sponsored ADR (a) | 225,399 | 25,920,885 | |
Bicycle Therapeutics PLC ADR (a) | 170,824 | 4,227,894 | |
Blueprint Medicines Corp. (a) | 470,409 | 24,386,003 | |
Celldex Therapeutics, Inc. (a) | 540,519 | 18,988,432 | |
Century Therapeutics, Inc. (a) | 431,214 | 4,527,747 | |
Cyteir Therapeutics, Inc. (a) | 635,854 | 1,176,330 | |
Cytokinetics, Inc. (a) | 781,429 | 34,117,190 | |
Day One Biopharmaceuticals, Inc. (a) | 699,098 | 14,778,932 | |
Erasca, Inc. (a) | 994,704 | 8,126,732 | |
Exelixis, Inc. (a) | 698,573 | 11,582,340 | |
Graphite Bio, Inc. (a) | 449,219 | 1,576,759 | |
Halozyme Therapeutics, Inc. (a) | 299,067 | 14,298,393 | |
Imago BioSciences, Inc. (a) | 509,422 | 8,660,174 | |
Immunocore Holdings PLC ADR (a)(b) | 318,389 | 18,192,747 | |
Instil Bio, Inc. (a) | 1,571,744 | 5,186,755 | |
Janux Therapeutics, Inc. (a) | 426,115 | 7,704,159 | |
Keros Therapeutics, Inc. (a) | 264,998 | 13,339,999 | |
Monte Rosa Therapeutics, Inc. (a)(b) | 636,341 | 5,854,337 | |
Morphic Holding, Inc. (a) | 365,792 | 10,245,834 | |
Neurocrine Biosciences, Inc. (a) | 43,500 | 5,007,720 | |
Nuvalent, Inc. Class A (a) | 540,323 | 19,294,934 | |
Prelude Therapeutics, Inc. (a) | 687,320 | 4,598,171 | |
PTC Therapeutics, Inc. (a) | 459,596 | 17,381,921 | |
Relay Therapeutics, Inc. (a)(b) | 449,931 | 9,997,467 | |
Tango Therapeutics, Inc. (a) | 654,979 | 5,266,031 | |
Tenaya Therapeutics, Inc. (a) | 805,366 | 2,158,381 | |
Tyra Biosciences, Inc. (a) | 693,947 | 4,802,113 | |
United Therapeutics Corp. (a) | 56,087 | 12,929,736 | |
Vaxcyte, Inc. (a) | 420,985 | 18,359,156 | |
Vericel Corp. (a) | 294,755 | 7,923,014 | |
Verve Therapeutics, Inc. (a)(b) | 544,522 | 20,528,479 | |
Xenon Pharmaceuticals, Inc. (a) | 345,170 | 12,622,867 | |
420,338,914 | |||
Health Care Equipment & Supplies - 5.3% | |||
Angiodynamics, Inc. (a) | 465,738 | 6,562,248 | |
Envista Holdings Corp. (a) | 473,672 | 15,635,913 | |
Figs, Inc. Class A (a)(b) | 2,527,943 | 18,656,219 | |
Globus Medical, Inc. (a)(b) | 218,361 | 14,630,187 | |
Haemonetics Corp. (a) | 500,311 | 42,501,419 | |
Inspire Medical Systems, Inc. (a) | 150,411 | 29,322,624 | |
Insulet Corp. (a) | 257,387 | 66,614,322 | |
Integer Holdings Corp. (a) | 110,586 | 6,892,825 | |
NeuroPace, Inc. (a)(b) | 1,153,222 | 3,459,666 | |
Nevro Corp. (a) | 262,530 | 10,065,400 | |
PROCEPT BioRobotics Corp. (a) | 375,800 | 17,072,594 | |
TransMedics Group, Inc. (a) | 738,153 | 35,593,738 | |
267,007,155 | |||
Health Care Providers & Services - 5.8% | |||
1Life Healthcare, Inc. (a) | 646,038 | 11,047,250 | |
Acadia Healthcare Co., Inc. (a) | 532,292 | 43,275,340 | |
AdaptHealth Corp. (a) | 851,255 | 19,408,614 | |
agilon health, Inc. (a)(b) | 1,533,959 | 30,449,086 | |
Guardant Health, Inc. (a) | 259,340 | 12,837,330 | |
Molina Healthcare, Inc. (a) | 177,108 | 63,556,977 | |
Option Care Health, Inc. (a) | 1,095,552 | 33,151,404 | |
Owens & Minor, Inc. | 716,317 | 12,177,389 | |
R1 Rcm, Inc. (a) | 1,966,020 | 34,719,913 | |
Surgery Partners, Inc. (a) | 792,722 | 21,554,111 | |
Tenet Healthcare Corp. (a) | 181,046 | 8,031,201 | |
290,208,615 | |||
Health Care Technology - 1.4% | |||
Evolent Health, Inc. (a) | 1,165,700 | 37,080,917 | |
Phreesia, Inc. (a) | 990,934 | 27,072,317 | |
Schrodinger, Inc. (a) | 219,958 | 5,272,393 | |
69,425,627 | |||
Life Sciences Tools & Services - 0.9% | |||
Absci Corp. (a)(b) | 827,480 | 2,614,837 | |
Olink Holding AB ADR (a)(b) | 867,978 | 15,910,037 | |
Syneos Health, Inc. (a) | 272,978 | 13,752,632 | |
Veterinary Emergency Group LLC Class A (a)(d)(e)(g) | 190,561 | 12,104,435 | |
44,381,941 | |||
Pharmaceuticals - 1.1% | |||
Arvinas Holding Co. LLC (a) | 410,339 | 20,397,952 | |
DICE Therapeutics, Inc. (a) | 398,672 | 14,156,843 | |
Edgewise Therapeutics, Inc. (a) | 1,008,221 | 9,588,182 | |
Enliven Therapeutics, Inc. (c)(h) | 2,068,309 | 8,264,963 | |
Ikena Oncology, Inc. (a) | 691,675 | 1,902,106 | |
Pharvaris BV (a) | 691,994 | 3,328,491 | |
57,638,537 | |||
TOTAL HEALTH CARE | 1,149,000,789 | ||
INDUSTRIALS - 18.7% | |||
Aerospace & Defense - 2.0% | |||
AeroVironment, Inc. (a) | 86,566 | 7,920,789 | |
BWX Technologies, Inc. | 396,204 | 22,575,704 | |
Curtiss-Wright Corp. | 288,747 | 48,460,409 | |
Dassault Aviation SA | 76,352 | 11,348,412 | |
V2X, Inc. (a) | 290,323 | 11,900,340 | |
102,205,654 | |||
Air Freight & Logistics - 0.6% | |||
Air Transport Services Group, Inc. (a) | 578,585 | 16,894,682 | |
Hub Group, Inc. Class A (a) | 177,148 | 13,746,685 | |
30,641,367 | |||
Building Products - 1.6% | |||
Builders FirstSource, Inc. (a) | 290,313 | 17,900,700 | |
Carlisle Companies, Inc. | 119,622 | 28,565,734 | |
The AZEK Co., Inc. (a) | 833,626 | 14,596,791 | |
UFP Industries, Inc. | 290,079 | 20,662,327 | |
81,725,552 | |||
Commercial Services & Supplies - 0.5% | |||
Driven Brands Holdings, Inc. (a) | 759,359 | 24,284,301 | |
HNI Corp. | 73,942 | 2,143,579 | |
26,427,880 | |||
Construction & Engineering - 2.3% | |||
EMCOR Group, Inc. | 165,766 | 23,389,583 | |
NV5 Global, Inc. (a) | 104,130 | 15,093,644 | |
Valmont Industries, Inc. (b) | 114,574 | 36,574,312 | |
Willscot Mobile Mini Holdings (a) | 893,145 | 37,985,457 | |
113,042,996 | |||
Electrical Equipment - 2.8% | |||
Acuity Brands, Inc. | 73,392 | 13,472,569 | |
Array Technologies, Inc. (a) | 1,396,286 | 25,272,777 | |
Atkore, Inc. (a) | 118,708 | 11,312,872 | |
nVent Electric PLC | 808,415 | 29,507,148 | |
Regal Rexnord Corp. | 368,911 | 46,681,998 | |
Sunrun, Inc. (a) | 549,841 | 12,376,921 | |
138,624,285 | |||
Machinery - 3.2% | |||
Chart Industries, Inc. (a) | 73,977 | 16,487,994 | |
Crane Holdings Co. | 437,194 | 43,868,046 | |
Federal Signal Corp. | 656,677 | 30,633,982 | |
ITT, Inc. | 226,375 | 17,292,786 | |
Mueller Industries, Inc. | 369,736 | 23,160,263 | |
Terex Corp. | 682,331 | 27,661,699 | |
159,104,770 | |||
Marine - 0.4% | |||
Kirby Corp. (a) | 306,972 | 21,411,297 | |
Professional Services - 3.8% | |||
ASGN, Inc. (a) | 340,512 | 28,868,607 | |
CACI International, Inc. Class A (a) | 121,662 | 36,988,898 | |
First Advantage Corp. (a) | 350,376 | 4,922,783 | |
FTI Consulting, Inc. (a) | 206,410 | 32,123,588 | |
ICF International, Inc. | 69,082 | 8,264,280 | |
Insperity, Inc. | 247,317 | 29,188,352 | |
KBR, Inc. | 823,189 | 40,970,117 | |
TriNet Group, Inc. (a) | 141,273 | 9,179,920 | |
190,506,545 | |||
Trading Companies & Distributors - 1.5% | |||
Applied Industrial Technologies, Inc. | 378,349 | 47,059,049 | |
Custom Truck One Source, Inc. Class A (a)(b) | 1,665,663 | 11,543,045 | |
WESCO International, Inc. (a) | 112,300 | 15,471,571 | |
74,073,665 | |||
TOTAL INDUSTRIALS | 937,764,011 | ||
INFORMATION TECHNOLOGY - 17.9% | |||
Communications Equipment - 0.6% | |||
Lumentum Holdings, Inc. (a)(b) | 249,839 | 18,600,514 | |
NetScout Systems, Inc. (a) | 360,214 | 12,938,887 | |
31,539,401 | |||
Electronic Equipment & Components - 2.8% | |||
Fabrinet (a) | 360,833 | 41,279,295 | |
Flex Ltd. (a) | 388,900 | 7,614,662 | |
Insight Enterprises, Inc. (a) | 178,410 | 16,861,529 | |
Napco Security Technologies, Inc. | 564,750 | 16,050,195 | |
Richardson Electronics Ltd. | 313,800 | 7,559,442 | |
TD SYNNEX Corp. | 407,632 | 37,302,404 | |
Vontier Corp. | 556,019 | 10,619,963 | |
137,287,490 | |||
IT Services - 3.1% | |||
Concentrix Corp. | 321,707 | 39,322,247 | |
ExlService Holdings, Inc. (a) | 288,381 | 52,442,085 | |
Flywire Corp. (a) | 205,287 | 4,506,050 | |
Genpact Ltd. | 544,255 | 26,396,368 | |
Verra Mobility Corp. (a)(b) | 2,000,443 | 34,147,562 | |
156,814,312 | |||
Semiconductors & Semiconductor Equipment - 2.6% | |||
AEHR Test Systems (a)(b) | 598,818 | 12,317,686 | |
Allegro MicroSystems LLC (a) | 398,870 | 10,135,287 | |
Cirrus Logic, Inc. (a) | 273,681 | 18,369,469 | |
eMemory Technology, Inc. | 278,000 | 9,265,517 | |
Lattice Semiconductor Corp. (a) | 366,167 | 17,762,761 | |
MACOM Technology Solutions Holdings, Inc. (a) | 498,191 | 28,830,313 | |
Nova Ltd. (a) | 231,456 | 17,060,622 | |
SiTime Corp. (a) | 178,021 | 15,988,066 | |
129,729,721 | |||
Software - 7.9% | |||
Alkami Technology, Inc. (a)(b) | 883,021 | 13,995,883 | |
Braze, Inc. | 193,342 | 5,724,857 | |
CCC Intelligent Solutions Holdings, Inc. (a)(d) | 48,511 | 452,608 | |
Confluent, Inc. (a)(b) | 287,074 | 7,716,549 | |
Coupa Software, Inc. (a) | 137,138 | 7,299,856 | |
Cvent Holding Corp. (a)(b) | 2,604,810 | 15,238,139 | |
CyberArk Software Ltd. (a)(b) | 161,552 | 25,349,124 | |
DoubleVerify Holdings, Inc. (a)(b) | 1,220,168 | 35,665,511 | |
Dynatrace, Inc. (a) | 1,077,421 | 37,968,316 | |
Elastic NV (a) | 381,040 | 24,367,508 | |
Five9, Inc. (a) | 97,923 | 5,900,840 | |
KnowBe4, Inc. (a) | 2,078,452 | 51,088,350 | |
Rapid7, Inc. (a) | 223,787 | 10,130,837 | |
Sprout Social, Inc. (a)(b) | 833,228 | 50,268,645 | |
TECSYS, Inc. (b) | 699,786 | 15,348,189 | |
Tenable Holdings, Inc. (a) | 1,281,232 | 52,069,268 | |
WalkMe Ltd. (a)(b) | 852,982 | 7,608,599 | |
Workiva, Inc. (a) | 394,015 | 30,658,307 | |
396,851,386 | |||
Technology Hardware, Storage & Peripherals - 0.9% | |||
Avid Technology, Inc. (a) | 1,653,912 | 45,466,041 | |
TOTAL INFORMATION TECHNOLOGY | 897,688,351 | ||
MATERIALS - 4.0% | |||
Chemicals - 2.5% | |||
Cabot Corp. | 698,813 | 51,348,779 | |
Element Solutions, Inc. | 732,379 | 12,596,919 | |
Huntsman Corp. | 521,306 | 13,950,149 | |
The Chemours Co. LLC | 711,533 | 20,371,190 | |
Valvoline, Inc. | 857,108 | 25,164,691 | |
123,431,728 | |||
Construction Materials - 0.2% | |||
Eagle Materials, Inc. | 95,138 | 11,636,329 | |
Containers & Packaging - 0.6% | |||
Ardagh Metal Packaging SA (a)(d) | 1,634,000 | 7,254,960 | |
O-I Glass, Inc. (a) | 1,491,600 | 24,327,996 | |
31,582,956 | |||
Metals & Mining - 0.7% | |||
Arconic Corp. (a) | 442,243 | 9,180,965 | |
Iluka Resources Ltd. | 3,317,584 | 18,356,101 | |
Lynas Rare Earths Ltd. (a) | 1,686,475 | 8,986,019 | |
36,523,085 | |||
TOTAL MATERIALS | 203,174,098 | ||
REAL ESTATE - 0.5% | |||
Equity Real Estate Investment Trusts (REITs) - 0.2% | |||
Terreno Realty Corp. | 149,305 | 8,531,288 | |
Real Estate Management & Development - 0.3% | |||
Compass, Inc. (a) | 13 | 34 | |
Jones Lang LaSalle, Inc. (a) | 100,346 | 15,964,045 | |
15,964,079 | |||
TOTAL REAL ESTATE | 24,495,367 | ||
UTILITIES - 1.0% | |||
Independent Power and Renewable Electricity Producers - 1.0% | |||
NextEra Energy Partners LP | 225,450 | 16,699,082 | |
Sunnova Energy International, Inc. (a)(b) | 595,987 | 11,049,599 | |
Vistra Corp. | 1,059,825 | 24,344,180 | |
52,092,861 | |||
TOTAL COMMON STOCKS (Cost $4,593,201,229) | 4,784,948,204 | ||
Convertible Preferred Stocks - 2.2% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 0.2% | |||
Interactive Media & Services - 0.2% | |||
Reddit, Inc. Series F (a)(d)(e) | 253,500 | 9,828,195 | |
CONSUMER DISCRETIONARY - 0.0% | |||
Textiles, Apparel & Luxury Goods - 0.0% | |||
Algolia SAS Series D (a)(d)(e) | 53,800 | 843,046 | |
HEALTH CARE - 0.5% | |||
Biotechnology - 0.4% | |||
Bright Peak Therapeutics AG Series B (a)(d)(e) | 1,079,522 | 2,990,276 | |
Caris Life Sciences, Inc. Series D (a)(d)(e) | 780,603 | 4,371,377 | |
LifeMine Therapeutics, Inc. Series C (d)(e) | 2,048,403 | 3,502,769 | |
Sonoma Biotherapeutics, Inc.: | |||
Series B (a)(d)(e) | 2,370,360 | 3,982,205 | |
Series B1 (a)(d)(e) | 1,264,171 | 2,123,807 | |
T-Knife Therapeutics, Inc. Series B (a)(d)(e) | 1,097,257 | 4,202,494 | |
Treeline Biosciences Series A (a)(d)(e) | 115,000 | 990,185 | |
22,163,113 | |||
Health Care Providers & Services - 0.1% | |||
Boundless Bio, Inc. Series B (a)(d)(e) | 3,017,761 | 2,746,163 | |
Health Care Technology - 0.0% | |||
Wugen, Inc. Series B (a)(d)(e) | 326,496 | 1,704,309 | |
TOTAL HEALTH CARE | 26,613,585 | ||
INDUSTRIALS - 0.8% | |||
Construction & Engineering - 0.6% | |||
Beta Technologies, Inc.: | |||
Series A (a)(d)(e) | 278,129 | 22,923,392 | |
Series B, 6.00% (d)(e) | 85,106 | 7,014,437 | |
29,937,829 | |||
Road & Rail - 0.2% | |||
Convoy, Inc. Series D (a)(d)(e) | 913,444 | 8,668,584 | |
TOTAL INDUSTRIALS | 38,606,413 | ||
INFORMATION TECHNOLOGY - 0.7% | |||
Communications Equipment - 0.2% | |||
Astranis Space Technologies Corp. Series C (a)(d)(e) | 557,717 | 7,852,655 | |
IT Services - 0.3% | |||
Yanka Industries, Inc.: | |||
Series E (a)(d)(e) | 869,641 | 13,418,561 | |
Series F (a)(d)(e) | 127,716 | 1,970,658 | |
15,389,219 | |||
Software - 0.2% | |||
Mountain Digital, Inc. Series D (d)(e) | 729,676 | 10,106,013 | |
Skyryse, Inc. Series B (d)(e) | 62,100 | 1,245,726 | |
11,351,739 | |||
TOTAL INFORMATION TECHNOLOGY | 34,593,613 | ||
TOTAL CONVERTIBLE PREFERRED STOCKS (Cost $140,835,839) | 110,484,852 | ||
Investment Companies - 0.0% | |||
Shares | Value ($) | ||
iShares Russell 2000 Growth Index ETF (b) (Cost $238,480) | 1,100 | 248,886 | |
Money Market Funds - 8.3% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 3.10% (i) | 103,788,383 | 103,809,140 | |
Fidelity Securities Lending Cash Central Fund 3.10% (i)(j) | 312,851,645 | 312,882,931 | |
TOTAL MONEY MARKET FUNDS (Cost $416,692,071) | 416,692,071 | ||
TOTAL INVESTMENT IN SECURITIES - 105.7% (Cost $5,150,967,619) | 5,312,374,013 |
NET OTHER ASSETS (LIABILITIES) - (5.7)% | (288,018,509) |
NET ASSETS - 100.0% | 5,024,355,504 |
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) | Affiliated company |
(d) | 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 $211,632,036 or 4.2% of net assets. |
(e) | Level 3 security |
(f) | 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 $1,665,529 or 0.0% of net assets. |
(g) | Investment is owned by a wholly-owned subsidiary (Subsidiary) that is treated as a corporation for U.S. tax purposes. |
(h) | Security or a portion of the security purchased on a delayed delivery or when-issued basis. |
(i) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(j) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
Algolia SAS Series D | 7/23/21 | 1,573,384 |
Algolia, Inc. | 10/27/21 | 6,862,059 |
Ardagh Metal Packaging SA | 2/22/21 | 16,340,000 |
Astranis Space Technologies Corp. Series C | 3/19/21 | 12,225,675 |
Beta Technologies, Inc. Series A | 4/09/21 | 20,378,512 |
Beta Technologies, Inc. Series B, 6.00% | 4/04/22 | 8,780,386 |
Boundless Bio, Inc. Series B | 4/23/21 | 4,073,977 |
Bright Peak Therapeutics AG Series B | 5/14/21 | 4,216,613 |
Caris Life Sciences, Inc. Series D | 5/11/21 | 6,322,884 |
CCC Intelligent Solutions Holdings, Inc. | 2/02/21 | 485,110 |
Convoy, Inc. Series D | 10/30/19 | 12,368,032 |
Fanatics, Inc. Class A | 8/13/20 - 3/22/21 | 12,874,623 |
LifeMine Therapeutics, Inc. Series C | 2/15/22 | 4,171,757 |
Mountain Digital, Inc. Series D | 11/05/21 | 16,757,228 |
Perella Weinberg Partners | 12/29/20 | 20,395,000 |
Reddit, Inc. Series F | 8/11/21 | 15,664,880 |
Skyryse, Inc. Series B | 10/21/21 | 1,532,626 |
Sonoma Biotherapeutics, Inc. Series B | 7/26/21 | 4,684,542 |
Sonoma Biotherapeutics, Inc. Series B1 | 7/26/21 | 3,747,635 |
Starling Bank Ltd. Series D | 6/18/21 - 4/05/22 | 3,728,430 |
T-Knife Therapeutics, Inc. Series B | 6/30/21 | 6,329,856 |
Treeline Biosciences Series A | 7/30/21 | 900,163 |
Veterinary Emergency Group LLC Class A | 9/16/21 - 3/17/22 | 9,331,366 |
Wugen, Inc. Series B | 7/09/21 | 2,531,944 |
Yanka Industries, Inc. Series E | 5/15/20 | 10,504,568 |
Yanka Industries, Inc. Series F | 4/08/21 | 4,071,177 |
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 ($) | % ownership, end of period |
Fidelity Cash Central Fund 3.10% | 52,799,304 | 282,153,541 | 231,143,705 | 298,774 | - | - | 103,809,140 | 0.2% |
Fidelity Securities Lending Cash Central Fund 3.10% | 400,159,025 | 340,379,566 | 427,655,660 | 1,198,429 | - | - | 312,882,931 | 0.9% |
Total | 452,958,329 | 622,533,107 | 658,799,365 | 1,497,203 | - | - | 416,692,071 | |
Amounts in the income column in the above table include any capital gain distributions from underlying funds.
Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.
Other Affiliated Issuers
An affiliated company is a company in which the Fund has ownership of at least 5% of the voting securities. Fiscal year to date transactions with companies which are or were affiliates are as follows:
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) |
Avid Technology, Inc. | 65,716,436 | - | 18,587,511 | - | (5,047,505) | 3,384,621 | - |
BARK, Inc. | 3,021,230 | - | 5,925,292 | - | (27,712,366) | 18,664,428 | - |
BARK, Inc. | 1,709,136 | - | - | - | - | 10,242,864 | - |
BARK, Inc. warrants 8/29/25 | 92,317 | - | 1,557 | - | (13,697) | 33,601 | - |
Enliven Therapeutics, Inc. | - | 7,944,334 | - | - | - | 320,629 | 8,264,963 |
Lindblad Expeditions Holdings | 25,014,078 | 8,141,818 | 317,149 | - | 83,647 | 1,088,929 | 34,011,323 |
Rover Group, Inc. Class A | 10,653,724 | - | 96,589 | - | 5,223 | 34,988 | 10,597,346 |
Total | 106,206,921 | 16,086,152 | 24,928,098 | - | (32,684,698) | 33,770,060 | 52,873,632 |
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.
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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