0001752724-23-189172.txt : 20230824 0001752724-23-189172.hdr.sgml : 20230824 20230824151329 ACCESSION NUMBER: 0001752724-23-189172 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230630 FILED AS OF DATE: 20230824 DATE AS OF CHANGE: 20230824 PERIOD START: 20230930 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Fidelity Central Investment Portfolios LLC CENTRAL INDEX KEY: 0001303459 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-21667 FILM NUMBER: 231201815 BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 617-563-7000 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 0001303459 S000047926 Fidelity Real Estate Equity Central Fund C000150640 Fidelity Real Estate Equity Central Fund NPORT-P 1 primary_doc.xml NPORT-P false 0001303459 XXXXXXXX S000047926 C000150640 Fidelity Central Investment Portfolios LLC 811-21667 0001303459 S2V1M15I679NQK6BNY65 245 Summer Street Boston 02210 1-800-FIDELITY Fidelity Real Estate Equity Central Fund S000047926 549300XXLY0Q9CVZD521 2023-09-30 2023-06-30 N 946581914.45 6289125.85 940292788.60 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 26791.45000000 N DIGITAL REALTY TRUST INC 549300HKCZ31D08NEI41 DIGITAL REALTY TRUST INC 253868103 273000.00000000 NS USD 31086510.00000000 3.306045773921 Long EC CORP US N 1 N N N EQUINIX INC 549300EVUN2BTLJ3GT74 EQUINIX INC 29444U700 124038.00000000 NS USD 97238349.72000000 10.34128421475 Long EC CORP US N 1 N N N ALEXANDRIA REAL ESTATE EQUITIES INC MGCJBT4MKTQBVLNUIS88 ALEXANDRIA REAL ES EQ INC REIT 015271109 245980.00000000 NS USD 27916270.20000000 2.968891236692 Long EC CORP US N 1 N N N FOUR CORNERS PROPERTY TRUST INC 549300SVTPZPBDVNER42 FOUR CORNERS PPTY TR INC W/I 35086T109 1280500.00000000 NS USD 32524700.00000000 3.458997069245 Long EC CORP US N 1 N N N EXTRA SPACE STORAGE INC N/A EXTRA SPACE STORAGE INC 30225T102 192900.00000000 NS USD 28713165.00000000 3.053640881661 Long EC CORP US N 1 N N N TERRENO RLTY CORP N/A TERRENO REALTY CORP 88146M101 275716.00000000 NS USD 16570531.60000000 1.762273602530 Long EC CORP US N 1 N N N WELLTOWER INC N/A WELLTOWER INC 95040Q104 480466.00000000 NS USD 38864894.74000000 4.133275848883 Long EC CORP US N 1 N N N RYMAN HOSPITALITY PPTYS INC 529900GCCWW9SRMPJR11 RYMAN HOSPITALITY PPTYS INC 78377T107 360500.00000000 NS USD 33497660.00000000 3.562471222381 Long EC CORP US N 1 N N N JONES LANG LASALLE INC 6SYKCME112RT8TQUO411 JONES LANG LASALLE INC 48020Q107 18600.00000000 NS USD 2897880.00000000 0.308189112490 Long EC CORP US N 1 N N N CBRE GROUP INC 52990016II9MJ2OSWA10 CBRE GROUP INC - CL A 12504L109 113900.00000000 NS USD 9192869.00000000 0.977660268317 Long EC CORP US N 1 N N N GEO GROUP INC/THE 5493003VOR6NTY465495 GEO GROUP INC 36162J106 950900.00000000 NS USD 6808444.00000000 0.724077019684 Long EC CORP US N 1 N N CUBESMART N/A CUBESMART 229663109 1385019.00000000 NS USD 61854948.54000000 6.578264694776 Long EC CORP US N 1 N N N VENTAS INC ORQTRC074CWLT3DKHT41 VENTAS INC REIT 92276F100 1144494.00000000 NS USD 54100231.38000000 5.753551663471 Long EC CORP US N 1 N N N URBAN EDGE PROPERTIES N/A URBAN EDGE PROPERTIES 91704F104 1495600.00000000 NS USD 23077108.00000000 2.454247047279 Long EC CORP US N 1 N N N VICI PPTYS INC 254900RKH6RY9KCJQH63 VICI PPTYS INC 925652109 568031.00000000 NS USD 17853214.33000000 1.898686722524 Long EC CORP US N 1 N N N OUTFRONT MEDIA INC 549300RZWDYU5722I639 OUTFRONT MEDIA INC 69007J106 434800.00000000 NS USD 6835056.00000000 0.726907201976 Long EC CORP US N 1 N N N SITE CENTERS CORP W2AVA6SODOQ1LCYJQR54 SITE CENTERS CORP 82981J109 1946600.00000000 NS USD 25734052.00000000 2.736812651548 Long EC CORP US N 1 N N N CROWN CASTLE INC 54930012H97VSM0I2R19 CROWN CASTLE INC 22822V101 108200.00000000 NS USD 12328308.00000000 1.311113745576 Long EC CORP US N 1 N N N INVITATION HOMES INC N/A INVITATION HOMES INC 46187W107 966504.00000000 NS USD 33247737.60000000 3.535892011838 Long EC CORP US N 1 N N N WEWORK INC N/A WEWORK INC CL A 96209A104 2251600.00000000 NS USD 575058.64000000 0.061157401925 Long EC CORP US N 1 N N MID-AMERICA APT CMNTYS INC 549300FQZKFR5YNSHZ21 MID AMERICA APT CMNTY INC 59522J103 330000.00000000 NS USD 50113800.00000000 5.329595271555 Long EC CORP US N 1 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Cash Central Fund 31635A105 7586494.89600000 NS USD 7588012.19000000 0.806983982223 Long STIV RF US N 1 N N N SPIRIT REALTY CAPITAL INC 549300LTU6LVPZSHMJ25 SPIRIT RLTY CAP INC 84860W300 597800.00000000 NS USD 23541364.00000000 2.503620604710 Long EC CORP US N 1 N N EQUITY LIFESTYLE PROPERTIES INC 529900PEQG66LENB6798 EQUITY LIFESTYLE PPTYS INC 29472R108 540900.00000000 NS USD 36180801.00000000 3.847822873752 Long EC CORP US N 1 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Securities Lending Cash Central Fund 31635A303 4601039.89600000 NS USD 4601500.00000000 0.489368849340 Long STIV RF US N 1 N N UDR INC P3CH2EG5X6Z1XWU1OO74 UDR INC 902653104 688282.00000000 NS USD 29568594.72000000 3.144615706776 Long EC CORP US N 1 N N N ESSEX PROPERTY TRUST INC 549300TR2H2VEFX0NC60 ESSEX PROPERTY TRUST INC 297178105 191319.00000000 NS USD 44826041.70000000 4.767242952776 Long EC CORP US N 1 N N N EASTGROUP PROPERTIES INC 31TIGQQZC4P6JMHKSW85 EASTGROUP PPTYS INC 277276101 125400.00000000 NS USD 21769440.00000000 2.315176747490 Long EC CORP US N 1 N N N OMEGA HEALTHCARE INVESTORS INC 549300OJ7ENK42CZ8E73 OMEGA HEALTHCARE INVESTORS INC 681936100 277200.00000000 NS USD 8507268.00000000 0.904746702637 Long EC CORP US N 1 N N N TANGER FACTORY OUTLET UKEW8YSXE4Y581KYOL30 TANGER FACTORY OUTLET - REIT 875465106 131600.00000000 NS USD 2904412.00000000 0.308883789731 Long EC CORP US N 1 N N N PROLOGIS INC 529900DFH19P073LZ636 PROLOGIS INC REIT 74340W103 1043937.00000000 NS USD 128017994.31000000 13.61469489738 Long EC CORP US N 1 N N N LAMAR ADVERTISING CO 529900Y8WW4MKVPTB543 LAMAR ADVERTISING CO CL A 512816109 223759.00000000 NS USD 22208080.75000000 2.361826126845 Long EC CORP US N 1 N N N 2023-07-30 Stacie M. Smith Stacie M. Smith Stacie M. Smith President and Treasurer XXXX NPORT-EX 2 QTLY_2724_20230630.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Real Estate Equity Central Fund
June 30, 2023
REE-NPRT3-0823
1.9862252.108
Common Stocks - 98.9%
 
  
Shares
Value ($)
 
Commercial Services & Supplies - 0.7%
 
  
  
REITs - Diversified - 0.7%
  
  
  
The GEO Group, Inc. (a)(b)
  
950,900
6,808,444
Equity Real Estate Investment Trusts (REITs) - 96.9%
 
  
  
REITs - Apartments - 16.8%
  
  
  
Essex Property Trust, Inc.
 
191,319
44,826,042
Invitation Homes, Inc.
 
966,504
33,247,738
Mid-America Apartment Communities, Inc.
 
330,000
50,113,800
UDR, Inc.
 
688,282
29,568,595
 
  
  
157,756,175
REITs - Diversified - 20.0%
  
  
  
Crown Castle International Corp.
 
108,200
12,328,308
Digital Realty Trust, Inc.
 
277,100
31,553,377
Equinix, Inc.
 
124,038
97,238,350
Lamar Advertising Co. Class A
 
223,759
22,208,081
Outfront Media, Inc.
 
434,800
6,835,056
VICI Properties, Inc.
 
568,031
17,853,214
 
  
  
188,016,386
REITs - Health Care - 9.9%
  
  
  
Ventas, Inc.
 
1,144,494
54,100,231
Welltower, Inc.
 
480,466
38,864,895
 
  
  
92,965,126
REITs - Health Care Facilities - 1.0%
  
  
  
Omega Healthcare Investors, Inc.
 
292,500
8,976,825
REITs - Hotels - 3.6%
  
  
  
Ryman Hospitality Properties, Inc.
 
360,500
33,497,660
REITs - Manufactured Homes - 3.8%
  
  
  
Equity Lifestyle Properties, Inc.
 
540,900
36,180,801
REITs - Office Property - 3.0%
  
  
  
Alexandria Real Estate Equities, Inc.
 
245,980
27,916,270
REITs - Regional Malls - 0.3%
  
  
  
Tanger Factory Outlet Centers, Inc.
 
131,600
2,904,412
REITs - Shopping Centers - 5.2%
  
  
  
SITE Centers Corp.
 
1,946,600
25,734,052
Urban Edge Properties
 
1,495,600
23,077,108
 
  
  
48,811,160
REITs - Single Tenant - 6.0%
  
  
  
Four Corners Property Trust, Inc.
 
1,280,500
32,524,700
Spirit Realty Capital, Inc. (b)
  
597,800
23,541,364
 
  
  
56,066,064
REITs - Storage - 9.6%
  
  
  
CubeSmart
 
1,385,019
61,854,949
Extra Space Storage, Inc.
 
192,900
28,713,165
 
  
  
90,568,114
REITs - Warehouse/Industrial - 17.7%
  
  
  
EastGroup Properties, Inc.
 
125,400
21,769,440
Prologis (REIT), Inc.
 
1,043,937
128,017,992
Terreno Realty Corp.
 
275,716
16,570,532
 
  
  
166,357,964
TOTAL EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS)
  
  
910,016,957
Real Estate Management & Development - 1.3%
 
  
  
Real Estate Operating Companies - 0.1%
  
  
  
WeWork, Inc. (a)(b)
  
2,251,600
575,059
Real Estate Services - 1.2%
  
  
  
CBRE Group, Inc. (a)
  
102,300
8,256,633
Jones Lang LaSalle, Inc. (a)
  
18,600
2,897,880
 
  
  
11,154,513
TOTAL REAL ESTATE MANAGEMENT & DEVELOPMENT
  
  
11,729,572
 
TOTAL COMMON STOCKS
 (Cost $832,289,181)
  
  
  
928,554,973
 
  
  
  
Money Market Funds - 1.3%
 
  
Shares
Value ($)
 
Fidelity Cash Central Fund 5.14% (c)
  
7,586,495
7,588,012
Fidelity Securities Lending Cash Central Fund 5.14% (c)(d)
  
4,506,049
4,506,500
 
TOTAL MONEY MARKET FUNDS
 (Cost $12,094,512)
  
  
12,094,512
 
  
  
  
 
TOTAL INVESTMENT IN SECURITIES - 100.2%
 (Cost $844,383,693)
 
  
 
940,649,485
NET OTHER ASSETS (LIABILITIES) - (0.2)%  
(1,472,160)
NET ASSETS - 100.0%
939,177,325
 
  
Legend
 
(a)
Non-income producing
 
(b)
Security or a portion of the security is on loan at period end.
 
(c)
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.
 
(d)
Investment made with cash collateral received from securities on loan.
 
 
 
 
 
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 5.14%
11,883,685
233,633,184
237,928,857
310,579
-
-
7,588,012
0.0%
Fidelity Securities Lending Cash Central Fund 5.14%
21,869,667
71,196,650
88,559,817
165,154
-
-
4,506,500
0.0%
Total
33,753,352
304,829,834
326,488,674
475,733
-
-
12,094,512
  
 
  
  
  
  
  
  
  
  
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 Directors (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.
 
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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