0001752724-24-089194.txt : 20240424 0001752724-24-089194.hdr.sgml : 20240424 20240424141353 ACCESSION NUMBER: 0001752724-24-089194 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240229 FILED AS OF DATE: 20240424 DATE AS OF CHANGE: 20240424 PERIOD START: 20240531 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY SUMMER STREET TRUST CENTRAL INDEX KEY: 0000225322 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-02737 FILM NUMBER: 24869636 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 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY HIGH INCOME FUND DATE OF NAME CHANGE: 19890309 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY AGGRESSIVE INCOME FUND DATE OF NAME CHANGE: 19810205 0000225322 S000067930 Fidelity Agricultural Productivity Fund C000217772 Fidelity Agricultural Productivity Fund FARMX NPORT-P 1 primary_doc.xml NPORT-P false 0000225322 XXXXXXXX S000067930 C000217772 Fidelity Summer Street Trust 811-02737 0000225322 P1TJ3M056NR1SYX5LY49 245 Summer Street Boston 02210 1-800-FIDELITY Fidelity Agricultural Productivity Fund S000067930 549300HM3NZRN9YJGW72 2024-05-31 2024-02-29 N 55933862.99 175203.15 55758659.84 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 6023.83000000 N LAMB WESTON HOLDINGS INC 5493005SMYID1D2OY946 LAMB WESTON HOLDINGS INC 513272104 26726.00000000 NS USD 2731664.46000000 4.899085573144 Long EC CORP US N 1 N N N CRANSWICK PLC 549300LDZLPU51XOSK43 CRANSWICK PLC N/A 32478.00000000 NS 1576743.82000000 2.827800783814 Long EC CORP GB N 1 N N N CIBUS INC N/A CIBUS INC 17166A101 25743.00000000 NS USD 448957.92000000 0.805180614613 Long EC CORP US N 1 N N ADECOAGRO SA 529900Q00UR5LFELO811 ADECOAGRO SA N/A 46299.00000000 NS USD 464841.96000000 0.833667741179 Long EC CORP LU N 1 N N N ORIGIN ENTERPRISES PLC 213800AIB4U7N5BLS350 ORIGIN ENTERPRISES PLC N/A 173309.00000000 NS 592843.65000000 1.063231526190 Long EC CORP IE N 1 N N N INGREDION INC PKSTQ48QDN0XSVS7YK88 INGREDION INC 457187102 21633.00000000 NS USD 2544689.79000000 4.563757086884 Long EC CORP US N 1 N N N DEERE and CO PWFTNG3EI0Y73OXWDH08 DEERE and CO 244199105 37128.00000000 NS USD 13553576.40000000 24.30757202359 Long EC CORP US N 1 N N N TORO CO YJKE4YIT6BWQHVEW0D14 TORO CO 891092108 25081.00000000 NS USD 2315227.11000000 4.152228759879 Long EC CORP US N 1 N N N DARLING INGREDIENTS INC L1N0SPPKS7EXZYUMZ898 DARLING INGREDIENTS INC 237266101 42860.00000000 NS USD 1813406.60000000 3.252242082581 Long EC CORP US N 1 N N N FMC CORP CKDHZ2X64EEBQCSP7013 FMC CORP NEW 302491303 23835.00000000 NS USD 1344055.65000000 2.410487723085 Long EC CORP US N 1 N N N BUNGE GLOBAL SA 254900IVXSV9K0B7PO26 BUNGE GLOBAL SA N/A 27481.00000000 NS USD 2593381.97000000 4.651083755315 Long EC CORP CH N 1 N N N NUFARM LIMITED 529900QVU58IVMPRWJ98 NUFARM LTD N/A 185930.00000000 NS 696121.92000000 1.248455256990 Long EC CORP AU N 1 N N N CORTEVA INC 549300WZN9I2QKLS0O94 CORTEVA INC 22052L104 107595.00000000 NS USD 5758484.40000000 10.32751579131 Long EC CORP US N 1 N N N CF INDUSTRIES HOLDINGS INC 529900CG8YAQFZ2JMV97 CF INDUSTRIES HOLDINGS INC 125269100 33975.00000000 NS USD 2742462.00000000 4.918450349899 Long EC CORP US N 1 N N N OCI NV 549300NCMRGIBJYUOE57 OCI NV N/A 40399.00000000 NS 1063199.88000000 1.906788798459 Long EC CORP NL N 1 N N N SABIC AGRI-NUTRIENTS CO N/A SABIC AGRI-NUTRIENTS CO N/A 35276.00000000 NS 1177653.84000000 2.112055496633 Long EC CORP SA N 1 N N N AGCO CORP LYOM0B2GCF1JWXK5ZG04 AGCO CORP 001084102 7935.00000000 NS USD 870469.50000000 1.561137772137 Long EC CORP US N 1 N N N NUTRIEN LTD 5493002QQ7GD21OWF963 NUTRIEN LTD 67077M108 86003.00000000 NS 4489151.91000000 8.051039825708 Long EC CORP CA N 1 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Securities Lending Cash Central Fund 31635A303 97025.55200000 NS USD 97035.25000000 0.174027227839 Long STIV RF US N 1 N N PILGRIMS PRIDE CORP NEW 549300ZSLGV64ZL3HD75 PILGRIM'S PRIDE CORP NEW 72147K108 38382.00000000 NS USD 1222082.88000000 2.191736464805 Long EC CORP US N 1 N N N BAKKAFROST 2138007LH7OP4V112978 BAKKAFROST N/A 28198.00000000 NS 1760168.15000000 3.156761936263 Long EC CORP FO N 1 N N N SAKATA SEED CORP N/A SAKATA SEED CORP N/A 43990.00000000 NS 1065126.07000000 1.910243311185 Long EC CORP JP N 1 N N N FIRST RESOURCES LTD 5493007RRD817HUP4O49 FIRST RESOURCES LTD N/A 581754.00000000 NS 613942.76000000 1.101071585582 Long EC CORP SG N 1 N N N ARCHER DANIELS MIDLAND CO 549300LO13MQ9HYSTR83 ARCHER DANIELS MIDLAND CO 039483102 65872.00000000 NS USD 3498461.92000000 6.274293410277 Long EC CORP US N 1 N N N MOSAIC CO 2YD5STGSJNMUB7H76907 MOSAIC CO NEW 61945C103 20239.00000000 NS USD 630647.24000000 1.131030124844 Long EC CORP US N 1 N N N 2024-03-30 Stacie M. Smith Stacie M. Smith Stacie M. Smith President and Treasurer XXXX NPORT-EX 2 QTLY_6041_20240229.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Agricultural Productivity Fund
February 29, 2024
DAS-NPRT3-0424
1.9897396.103
Common Stocks - 99.8%
 
  
Shares
Value ($)
 
CONSUMER STAPLES - 36.8%
 
  
  
Food Products - 36.8%
  
  
  
Adecoagro SA
 
46,299
464,842
Archer Daniels Midland Co.
 
65,872
3,498,462
Bakkafrost
 
28,055
1,751,242
Bunge Global SA
 
27,481
2,593,382
Cranswick PLC
 
32,312
1,568,685
Darling Ingredients, Inc. (a)
  
42,860
1,813,407
First Resources Ltd.
 
581,754
613,943
Ingredion, Inc.
 
21,633
2,544,690
Lamb Weston Holdings, Inc.
 
26,726
2,731,664
Origin Enterprises PLC
 
173,309
592,844
Pilgrim's Pride Corp. (a)
  
38,382
1,222,083
Sakata Seed Corp.
 
43,758
1,059,509
 
  
  
20,454,753
HEALTH CARE - 0.8%
 
  
  
Biotechnology - 0.8%
  
  
  
Cibus, Inc. (a)(b)
  
25,743
448,958
INDUSTRIALS - 30.1%
 
  
  
Machinery - 30.1%
  
  
  
AGCO Corp.
 
7,935
870,470
Deere & Co.
 
37,128
13,553,575
Toro Co.
 
25,081
2,315,227
 
  
  
16,739,272
MATERIALS - 32.1%
 
  
  
Chemicals - 32.1%
  
  
  
CF Industries Holdings, Inc.
 
33,975
2,742,462
Corteva, Inc.
 
107,595
5,758,484
FMC Corp.
 
23,835
1,344,056
Nufarm Ltd.
 
184,442
690,551
Nutrien Ltd.
 
86,003
4,489,152
OCI NV
 
40,189
1,057,673
Sabic Agriculture-Nutrients Co.
 
35,094
1,171,578
The Mosaic Co.
 
20,239
630,647
 
  
  
17,884,603
 
TOTAL COMMON STOCKS
 (Cost $50,386,059)
  
  
  
55,527,586
 
  
  
  
Money Market Funds - 0.2%
 
  
Shares
Value ($)
 
Fidelity Securities Lending Cash Central Fund 5.39% (c)(d)
 
 (Cost $84,260)
 
  
84,252
84,260
 
  
  
  
 
TOTAL INVESTMENT IN SECURITIES - 100.0%
 (Cost $50,470,319)
 
  
 
55,611,846
NET OTHER ASSETS (LIABILITIES) - 0.0%  
22,142
NET ASSETS - 100.0%
55,633,988
 
  
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 5.39%
3,462,746
8,300,341
11,763,087
16,018
-
-
-
0.0%
Fidelity Securities Lending Cash Central Fund 5.39%
-
7,967,239
7,882,979
8,007
-
-
84,260
0.0%
Total
3,462,746
16,267,580
19,646,066
24,025
-
-
84,260
  
 
  
  
  
  
  
  
  
  
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.
 
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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