Quarterly Holdings Report
for
Fidelity® Mid-Cap Stock Fund
January 31, 2024
MCS-NPRT3-0324
1.813018.119
Common Stocks - 98.7% | |||
Shares | Value ($) (000s) | ||
COMMUNICATION SERVICES - 2.8% | |||
Entertainment - 1.7% | |||
Endeavor Group Holdings, Inc. | 2,175,601 | 53,846 | |
Liberty Media Corp. Liberty Formula One Class A | 315,235 | 19,258 | |
TKO Group Holdings, Inc. | 172,000 | 14,395 | |
Warner Music Group Corp. Class A | 927,044 | 33,828 | |
121,327 | |||
Interactive Media & Services - 0.4% | |||
Ziff Davis, Inc. (a) | 368,897 | 24,864 | |
Media - 0.7% | |||
Cable One, Inc. (b) | 42,840 | 23,516 | |
Interpublic Group of Companies, Inc. | 907,423 | 29,936 | |
53,452 | |||
TOTAL COMMUNICATION SERVICES | 199,643 | ||
CONSUMER DISCRETIONARY - 13.0% | |||
Automobile Components - 1.1% | |||
American Axle & Manufacturing Holdings, Inc. (a) | 3,337,434 | 27,000 | |
Aptiv PLC (a) | 556,779 | 45,283 | |
Atmus Filtration Technologies, Inc. (b) | 325,139 | 7,260 | |
79,543 | |||
Broadline Retail - 0.2% | |||
eBay, Inc. | 414,537 | 17,025 | |
Distributors - 0.4% | |||
LKQ Corp. | 685,389 | 31,987 | |
Diversified Consumer Services - 0.7% | |||
H&R Block, Inc. | 1,112,607 | 52,115 | |
Hotels, Restaurants & Leisure - 4.2% | |||
Aramark | 1,730,846 | 50,333 | |
Caesars Entertainment, Inc. (a) | 576,477 | 25,290 | |
Churchill Downs, Inc. | 565,564 | 68,416 | |
Domino's Pizza, Inc. | 107,048 | 45,626 | |
Flutter Entertainment PLC (a) | 129,617 | 26,750 | |
Vail Resorts, Inc. | 151,343 | 33,598 | |
Wyndham Hotels & Resorts, Inc. | 655,803 | 51,107 | |
301,120 | |||
Household Durables - 1.3% | |||
D.R. Horton, Inc. | 215,690 | 30,824 | |
Mohawk Industries, Inc. (a) | 163,870 | 17,083 | |
NVR, Inc. (a) | 6,279 | 44,426 | |
92,333 | |||
Leisure Products - 0.4% | |||
Brunswick Corp. | 387,224 | 31,241 | |
Specialty Retail - 1.5% | |||
Best Buy Co., Inc. | 244,232 | 17,704 | |
Burlington Stores, Inc. (a) | 308,812 | 59,029 | |
Chewy, Inc. (a)(b) | 703,738 | 12,541 | |
Foot Locker, Inc. | 573,125 | 16,139 | |
105,413 | |||
Textiles, Apparel & Luxury Goods - 3.2% | |||
Bolt Threads, Inc. (c)(d) | 239,558 | 953 | |
Brunello Cucinelli SpA | 830,234 | 82,815 | |
PVH Corp. | 775,630 | 93,277 | |
Tapestry, Inc. | 1,422,184 | 55,167 | |
232,212 | |||
TOTAL CONSUMER DISCRETIONARY | 942,989 | ||
CONSUMER STAPLES - 5.0% | |||
Beverages - 1.0% | |||
Boston Beer Co., Inc. Class A (a) | 101,118 | 35,317 | |
Keurig Dr. Pepper, Inc. | 1,231,635 | 38,723 | |
74,040 | |||
Consumer Staples Distribution & Retail - 2.3% | |||
BJ's Wholesale Club Holdings, Inc. (a) | 832,516 | 53,564 | |
Performance Food Group Co. (a) | 1,510,557 | 109,787 | |
163,351 | |||
Food Products - 1.1% | |||
Bowery Farming, Inc. warrants (a)(c)(d) | 252,678 | 1,044 | |
Bunge Global SA | 254,563 | 22,424 | |
Lamb Weston Holdings, Inc. | 241,614 | 24,751 | |
Nomad Foods Ltd. | 1,795,465 | 32,300 | |
80,519 | |||
Household Products - 0.6% | |||
Energizer Holdings, Inc. | 908,087 | 28,714 | |
Reynolds Consumer Products, Inc. | 675,000 | 18,340 | |
47,054 | |||
TOTAL CONSUMER STAPLES | 364,964 | ||
ENERGY - 6.5% | |||
Energy Equipment & Services - 1.1% | |||
Expro Group Holdings NV (a) | 1,864,997 | 32,824 | |
NOV, Inc. | 2,368,808 | 46,215 | |
79,039 | |||
Oil, Gas & Consumable Fuels - 5.4% | |||
Canadian Natural Resources Ltd. | 1,052,185 | 67,336 | |
Cheniere Energy, Inc. | 589,038 | 96,596 | |
Energy Transfer LP | 3,306,546 | 47,284 | |
Hess Corp. | 135,875 | 19,095 | |
Imperial Oil Ltd. (b) | 1,788,862 | 103,184 | |
Range Resources Corp. | 1,850,483 | 53,738 | |
387,233 | |||
TOTAL ENERGY | 466,272 | ||
FINANCIALS - 16.6% | |||
Banks - 5.3% | |||
BOK Financial Corp. | 433,779 | 36,368 | |
First Horizon National Corp. | 4,696,273 | 66,875 | |
Huntington Bancshares, Inc. | 3,727,485 | 47,451 | |
M&T Bank Corp. | 442,301 | 61,082 | |
PNC Financial Services Group, Inc. | 332,749 | 50,315 | |
U.S. Bancorp | 1,083,940 | 45,027 | |
Wintrust Financial Corp. | 790,545 | 76,667 | |
383,785 | |||
Capital Markets - 1.4% | |||
Cboe Global Markets, Inc. | 184,950 | 34,003 | |
Lazard, Inc. Class A | 730,386 | 28,470 | |
Raymond James Financial, Inc. | 368,763 | 40,630 | |
103,103 | |||
Financial Services - 1.8% | |||
Flywire Corp. (a) | 777,407 | 16,613 | |
Radian Group, Inc. | 2,311,503 | 66,987 | |
Shift4 Payments, Inc. (a) | 207,474 | 14,899 | |
WEX, Inc. (a) | 142,000 | 29,023 | |
127,522 | |||
Insurance - 8.1% | |||
American Financial Group, Inc. | 771,619 | 92,903 | |
Arch Capital Group Ltd. (a) | 1,196,412 | 98,620 | |
Assurant, Inc. | 207,580 | 34,863 | |
Beazley PLC | 3,954,546 | 27,288 | |
First American Financial Corp. | 1,209,244 | 72,978 | |
Globe Life, Inc. | 351,257 | 43,141 | |
Hartford Financial Services Group, Inc. | 707,982 | 61,566 | |
Hiscox Ltd. | 2,632,284 | 34,660 | |
RenaissanceRe Holdings Ltd. | 322,015 | 73,687 | |
The Travelers Companies, Inc. | 216,203 | 45,697 | |
585,403 | |||
TOTAL FINANCIALS | 1,199,813 | ||
HEALTH CARE - 7.9% | |||
Biotechnology - 0.8% | |||
Repligen Corp. (a)(b) | 323,725 | 61,314 | |
Health Care Equipment & Supplies - 2.0% | |||
Dentsply Sirona, Inc. | 648,088 | 22,521 | |
Hologic, Inc. (a) | 813,095 | 60,527 | |
Inspire Medical Systems, Inc. (a) | 85,418 | 18,012 | |
Masimo Corp. (a) | 344,875 | 44,468 | |
145,528 | |||
Health Care Providers & Services - 2.9% | |||
Centene Corp. (a) | 927,339 | 69,838 | |
Henry Schein, Inc. (a) | 415,066 | 31,064 | |
Molina Healthcare, Inc. (a) | 298,328 | 106,336 | |
207,238 | |||
Health Care Technology - 0.3% | |||
Evolent Health, Inc. | 692,300 | 20,361 | |
Life Sciences Tools & Services - 0.8% | |||
Charles River Laboratories International, Inc. (a) | 164,939 | 35,673 | |
Sartorius Stedim Biotech | 75,759 | 20,566 | |
56,239 | |||
Pharmaceuticals - 1.1% | |||
Elanco Animal Health, Inc. (a) | 724,300 | 10,676 | |
Recordati SpA | 622,907 | 34,534 | |
UCB SA | 364,372 | 34,377 | |
79,587 | |||
TOTAL HEALTH CARE | 570,267 | ||
INDUSTRIALS - 23.8% | |||
Aerospace & Defense - 4.0% | |||
BWX Technologies, Inc. | 634,955 | 51,736 | |
Huntington Ingalls Industries, Inc. | 169,072 | 43,776 | |
Space Exploration Technologies Corp.: | |||
Class A (a)(c)(d) | 1,396,290 | 135,442 | |
Class C (a)(c)(d) | 20,340 | 1,973 | |
Woodward, Inc. | 410,208 | 56,514 | |
289,441 | |||
Air Freight & Logistics - 0.4% | |||
GXO Logistics, Inc. (a) | 570,722 | 31,036 | |
Building Products - 2.0% | |||
Hayward Holdings, Inc. (a) | 1,329,604 | 16,647 | |
Johnson Controls International PLC | 778,123 | 40,999 | |
Owens Corning | 570,210 | 86,404 | |
144,050 | |||
Commercial Services & Supplies - 1.1% | |||
GFL Environmental, Inc. | 2,318,362 | 78,770 | |
Construction & Engineering - 2.0% | |||
AECOM | 1,033,826 | 91,173 | |
Willscot Mobile Mini Holdings (a) | 1,159,702 | 54,854 | |
146,027 | |||
Electrical Equipment - 4.1% | |||
Acuity Brands, Inc. | 339,705 | 80,904 | |
Generac Holdings, Inc. (a) | 358,247 | 40,722 | |
Nextracker, Inc. Class A | 372,688 | 16,872 | |
Regal Rexnord Corp. | 594,561 | 79,350 | |
Vertiv Holdings Co. | 1,329,861 | 74,911 | |
292,759 | |||
Ground Transportation - 1.0% | |||
Knight-Swift Transportation Holdings, Inc. Class A | 1,287,215 | 73,860 | |
Machinery - 4.4% | |||
Allison Transmission Holdings, Inc. | 847,008 | 51,278 | |
Chart Industries, Inc. (a)(b) | 590,505 | 68,924 | |
Crane Co. | 434,716 | 53,953 | |
Donaldson Co., Inc. | 1,140,025 | 73,634 | |
Energy Recovery, Inc. (a) | 588,699 | 9,131 | |
Fortive Corp. | 792,979 | 61,995 | |
318,915 | |||
Marine Transportation - 0.5% | |||
Kirby Corp. (a) | 439,071 | 34,537 | |
Professional Services - 3.8% | |||
Leidos Holdings, Inc. | 416,042 | 45,960 | |
Science Applications International Corp. | 434,092 | 55,416 | |
SS&C Technologies Holdings, Inc. | 572,632 | 34,942 | |
TransUnion | 871,790 | 60,319 | |
WNS Holdings Ltd. sponsored ADR (a) | 1,117,937 | 77,529 | |
274,166 | |||
Trading Companies & Distributors - 0.5% | |||
Beacon Roofing Supply, Inc. (a) | 419,873 | 34,803 | |
TOTAL INDUSTRIALS | 1,718,364 | ||
INFORMATION TECHNOLOGY - 7.0% | |||
Communications Equipment - 1.1% | |||
Ciena Corp. (a) | 925,000 | 49,025 | |
Lumentum Holdings, Inc. (a) | 550,899 | 30,266 | |
79,291 | |||
Electronic Equipment, Instruments & Components - 2.8% | |||
Coherent Corp. (a) | 493,728 | 23,472 | |
Crane Nxt Co. | 854,789 | 49,817 | |
Fabrinet (a) | 288,467 | 61,591 | |
Flex Ltd. (a) | 2,139,614 | 50,794 | |
Keysight Technologies, Inc. (a) | 139,571 | 21,391 | |
207,065 | |||
IT Services - 1.4% | |||
Amdocs Ltd. | 562,661 | 51,585 | |
MongoDB, Inc. Class A (a) | 120,093 | 48,100 | |
99,685 | |||
Semiconductors & Semiconductor Equipment - 0.6% | |||
Allegro MicroSystems LLC (a) | 1,144,504 | 29,688 | |
MKS Instruments, Inc. | 131,600 | 14,009 | |
43,697 | |||
Software - 1.1% | |||
Dynatrace, Inc. (a) | 1,398,479 | 79,713 | |
TOTAL INFORMATION TECHNOLOGY | 509,451 | ||
MATERIALS - 6.5% | |||
Chemicals - 2.5% | |||
Cabot Corp. | 637,918 | 45,994 | |
Celanese Corp. Class A | 209,696 | 30,676 | |
CF Industries Holdings, Inc. | 476,949 | 36,014 | |
Nutrien Ltd. | 429,581 | 21,421 | |
Westlake Corp. | 346,526 | 47,942 | |
182,047 | |||
Containers & Packaging - 2.0% | |||
Avery Dennison Corp. | 184,289 | 36,756 | |
Crown Holdings, Inc. | 437,000 | 38,675 | |
Graphic Packaging Holding Co. | 876,300 | 22,354 | |
O-I Glass, Inc. (a) | 3,434,759 | 50,010 | |
147,795 | |||
Metals & Mining - 2.0% | |||
Commercial Metals Co. | 1,245,876 | 65,060 | |
Franco-Nevada Corp. | 290,578 | 31,438 | |
Freeport-McMoRan, Inc. | 1,111,757 | 44,126 | |
140,624 | |||
TOTAL MATERIALS | 470,466 | ||
REAL ESTATE - 4.7% | |||
Equity Real Estate Investment Trusts (REITs) - 4.0% | |||
Essex Property Trust, Inc. | 91,620 | 21,372 | |
Gaming & Leisure Properties | 1,165,625 | 53,211 | |
Omega Healthcare Investors, Inc. | 1,125,237 | 32,632 | |
Realty Income Corp. | 1,349,563 | 73,403 | |
Ventas, Inc. | 818,206 | 37,957 | |
VICI Properties, Inc. | 1,813,585 | 54,625 | |
Welltower, Inc. | 229,373 | 19,843 | |
293,043 | |||
Real Estate Management & Development - 0.7% | |||
Jones Lang LaSalle, Inc. (a) | 272,383 | 48,228 | |
TOTAL REAL ESTATE | 341,271 | ||
UTILITIES - 4.9% | |||
Electric Utilities - 1.7% | |||
Alliant Energy Corp. | 865,533 | 42,117 | |
FirstEnergy Corp. | 959,189 | 35,183 | |
IDACORP, Inc. (b) | 464,231 | 42,979 | |
120,279 | |||
Gas Utilities - 0.6% | |||
Atmos Energy Corp. | 403,974 | 46,029 | |
Independent Power and Renewable Electricity Producers - 1.2% | |||
The AES Corp. | 1,352,929 | 22,567 | |
Vistra Corp. | 1,482,397 | 60,823 | |
83,390 | |||
Multi-Utilities - 0.7% | |||
NiSource, Inc. | 1,912,648 | 49,671 | |
Water Utilities - 0.7% | |||
Essential Utilities, Inc. | 1,486,457 | 53,304 | |
TOTAL UTILITIES | 352,673 | ||
TOTAL COMMON STOCKS (Cost $5,227,338) | 7,136,173 | ||
Convertible Preferred Stocks - 1.0% | |||
Shares | Value ($) (000s) | ||
CONSUMER STAPLES - 0.1% | |||
Food Products - 0.1% | |||
Bowery Farming, Inc.: | |||
Series C1 (a)(c)(d) | 466,468 | 3,713 | |
Series D1 (c)(d) | 252,678 | 1,347 | |
5,060 | |||
HEALTH CARE - 0.5% | |||
Biotechnology - 0.5% | |||
National Resilience, Inc. Series B (a)(c)(d) | 711,831 | 34,239 | |
INDUSTRIALS - 0.4% | |||
Aerospace & Defense - 0.2% | |||
Space Exploration Technologies Corp. Series H (a)(c)(d) | 18,837 | 18,272 | |
Construction & Engineering - 0.2% | |||
Beta Technologies, Inc. Series B, 6.00% (a)(c)(d) | 145,591 | 15,469 | |
TOTAL INDUSTRIALS | 33,741 | ||
TOTAL CONVERTIBLE PREFERRED STOCKS (Cost $57,779) | 73,040 | ||
Money Market Funds - 1.9% | |||
Shares | Value ($) (000s) | ||
Fidelity Cash Central Fund 5.39% (e) | 36,431,414 | 36,439 | |
Fidelity Securities Lending Cash Central Fund 5.39% (e)(f) | 101,613,250 | 101,623 | |
TOTAL MONEY MARKET FUNDS (Cost $138,060) | 138,062 | ||
TOTAL INVESTMENT IN SECURITIES - 101.6% (Cost $5,423,177) | 7,347,275 |
NET OTHER ASSETS (LIABILITIES) - (1.6)% | (115,753) |
NET ASSETS - 100.0% | 7,231,522 |
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 $212,452,000 or 2.9% of net assets. |
(d) | Level 3 security |
(e) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(f) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) (000s) |
Beta Technologies, Inc. Series B, 6.00% | 4/04/22 | 15,021 |
Bolt Threads, Inc. | 12/13/17 - 9/02/21 | 40,889 |
Bowery Farming, Inc. Series C1 | 5/18/21 | 28,104 |
Bowery Farming, Inc. Series D1 | 10/25/23 | 2,387 |
Bowery Farming, Inc. warrants | 10/25/23 | 0 |
National Resilience, Inc. Series B | 12/01/20 | 9,724 |
Space Exploration Technologies Corp. Class A | 4/08/16 - 9/11/17 | 14,283 |
Space Exploration Technologies Corp. Class C | 9/11/17 | 275 |
Space Exploration Technologies Corp. Series H | 8/04/17 | 2,543 |
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 5.39% | 194,205 | 718,628 | 876,394 | 3,502 | - | - | 36,439 | 0.1% |
Fidelity Securities Lending Cash Central Fund 5.39% | 139,889 | 1,358,682 | 1,396,948 | 180 | - | - | 101,623 | 0.4% |
Total | 334,094 | 2,077,310 | 2,273,342 | 3,682 | - | - | 138,062 | |
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.
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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