0001752724-24-089297.txt : 20240424 0001752724-24-089297.hdr.sgml : 20240424 20240424142133 ACCESSION NUMBER: 0001752724-24-089297 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: 24869734 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 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478116.18000000 0.869539203658 Long EC CORP US N 1 N N N LINDE PLC 5299003QR1WT0EF88V51 LINDE PLC N/A 3051.00000000 NS USD 1369349.82000000 2.490405892587 Long EC CORP IE N 1 N N N UBER TECHNOLOGIES INC 549300B2FTG34FILDR98 UBER TECHNOLOGIES INC 90353T100 8446.00000000 NS USD 671457.00000000 1.221163828990 Long EC CORP US N 1 N N N CHENIERE ENERGY INC MIHC87W9WTYSYZWV1J40 CHENIERE ENERGY INC 16411R208 1661.00000000 NS USD 257787.20000000 0.468831815316 Long EC CORP US N 1 N N N NEWMONT CORP 549300VSP3RIX7FGDZ51 NEWMONT CORP 651639106 9804.00000000 NS USD 306375.00000000 0.557197360526 Long EC CORP US N 1 N N N PNC FINANCIAL SERVICES GRP INC CFGNEKW0P8842LEUIA51 PNC FINANCIAL SERVICES GRP INC 693475105 1511.00000000 NS USD 222419.20000000 0.404508824709 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_6550_20240229.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® SAI Sustainable Future Fund
February 29, 2024
 
Offered exclusively to certain clients of the Adviser, or its affiliates, including Strategic Advisers LLC (Strategic Advisers) - not available for sale to the general public. Fidelity® SAI is a product name of Fidelity® funds dedicated to certain programs affiliated with Strategic Advisers.
FSP-NPRT3-0424
1.9905636.101
Common Stocks - 97.3%
 
 
Shares
Value ($)
 
COMMUNICATION SERVICES - 7.1%
 
 
 
Diversified Telecommunication Services - 0.9%
 
 
 
Verizon Communications, Inc.
 
12,894
516,018
Entertainment - 0.7%
 
 
 
Netflix, Inc. (a)
 
591
356,326
Interactive Media & Services - 4.9%
 
 
 
Alphabet, Inc. Class C (a)
 
14,855
2,076,432
Meta Platforms, Inc. Class A
 
1,314
644,031
 
 
 
2,720,463
Media - 0.6%
 
 
 
Comcast Corp. Class A
 
8,148
349,142
TOTAL COMMUNICATION SERVICES
 
 
3,941,949
CONSUMER DISCRETIONARY - 8.7%
 
 
 
Automobile Components - 0.3%
 
 
 
Aptiv PLC (a)
 
1,158
92,049
Lear Corp.
 
604
82,959
 
 
 
175,008
Broadline Retail - 3.0%
 
 
 
Amazon.com, Inc. (a)
 
9,385
1,658,893
Hotels, Restaurants & Leisure - 1.3%
 
 
 
Airbnb, Inc. Class A (a)
 
2,237
352,260
Marriott International, Inc. Class A
 
1,372
342,822
 
 
 
695,082
Household Durables - 0.1%
 
 
 
D.R. Horton, Inc.
 
355
53,051
Specialty Retail - 3.1%
 
 
 
Lowe's Companies, Inc.
 
1,789
430,559
The Home Depot, Inc.
 
1,634
621,917
TJX Companies, Inc.
 
6,523
646,690
 
 
 
1,699,166
Textiles, Apparel & Luxury Goods - 0.9%
 
 
 
Brunello Cucinelli SpA
 
1,396
167,476
NIKE, Inc. Class B
 
3,352
348,373
 
 
 
515,849
TOTAL CONSUMER DISCRETIONARY
 
 
4,797,049
CONSUMER STAPLES - 2.6%
 
 
 
Beverages - 0.6%
 
 
 
The Coca-Cola Co.
 
5,600
336,112
Consumer Staples Distribution & Retail - 1.1%
 
 
 
Target Corp.
 
3,835
586,448
Household Products - 0.5%
 
 
 
The Clorox Co.
 
1,883
288,683
Personal Care Products - 0.4%
 
 
 
Kenvue, Inc.
 
5,394
102,486
L'Oreal SA
 
239
114,163
 
 
 
216,649
TOTAL CONSUMER STAPLES
 
 
1,427,892
ENERGY - 2.7%
 
 
 
Energy Equipment & Services - 1.7%
 
 
 
Baker Hughes Co. Class A
 
13,043
385,942
Seadrill Ltd. (a)
 
7,692
324,602
TechnipFMC PLC
 
10,780
233,818
 
 
 
944,362
Oil, Gas & Consumable Fuels - 1.0%
 
 
 
Cheniere Energy, Inc.
 
1,661
257,787
Hess Corp.
 
2,052
299,079
 
 
 
556,866
TOTAL ENERGY
 
 
1,501,228
FINANCIALS - 13.7%
 
 
 
Banks - 1.6%
 
 
 
Bank of America Corp.
 
7,236
249,787
Huntington Bancshares, Inc.
 
1,418
18,491
JPMorgan Chase & Co.
 
2,111
392,773
PNC Financial Services Group, Inc.
 
1,511
222,419
 
 
 
883,470
Capital Markets - 3.7%
 
 
 
BlackRock, Inc. Class A
 
676
548,466
CME Group, Inc.
 
825
181,789
Deutsche Borse AG
 
460
96,300
Intercontinental Exchange, Inc.
 
3,285
454,710
KKR & Co. LP
 
4,592
451,210
Raymond James Financial, Inc.
 
2,667
320,893
 
 
 
2,053,368
Consumer Finance - 0.9%
 
 
 
American Express Co.
 
2,179
478,116
Financial Services - 2.9%
 
 
 
MasterCard, Inc. Class A
 
1,727
819,911
Visa, Inc. Class A
 
2,732
772,172
Voya Financial, Inc.
 
332
22,696
 
 
 
1,614,779
Insurance - 4.6%
 
 
 
Arthur J. Gallagher & Co.
 
2,165
528,108
Chubb Ltd.
 
1,260
317,104
Hartford Financial Services Group, Inc.
 
5,272
505,268
MetLife, Inc.
 
5,659
394,659
Progressive Corp.
 
2,186
414,378
The Travelers Companies, Inc.
 
1,841
406,787
 
 
 
2,566,304
TOTAL FINANCIALS
 
 
7,596,037
HEALTH CARE - 11.8%
 
 
 
Biotechnology - 2.1%
 
 
 
AbbVie, Inc.
 
1,051
185,029
Gilead Sciences, Inc.
 
4,083
294,384
Regeneron Pharmaceuticals, Inc. (a)
 
460
444,401
Vertex Pharmaceuticals, Inc. (a)
 
494
207,846
 
 
 
1,131,660
Health Care Equipment & Supplies - 0.7%
 
 
 
Boston Scientific Corp. (a)
 
5,935
392,956
GE Healthcare Holding LLC
 
117
10,680
 
 
 
403,636
Health Care Providers & Services - 3.3%
 
 
 
Cigna Group
 
1,722
578,833
CVS Health Corp.
 
4,717
350,803
Humana, Inc.
 
641
224,555
UnitedHealth Group, Inc.
 
1,399
690,546
 
 
 
1,844,737
Life Sciences Tools & Services - 1.6%
 
 
 
Agilent Technologies, Inc.
 
3,131
430,074
Danaher Corp.
 
784
198,462
Mettler-Toledo International, Inc. (a)
 
64
79,822
Thermo Fisher Scientific, Inc.
 
299
170,484
 
 
 
878,842
Pharmaceuticals - 4.1%
 
 
 
Eli Lilly & Co.
 
1,563
1,178,002
Merck & Co., Inc.
 
3,093
393,275
Novo Nordisk A/S Series B
 
3,257
388,774
Zoetis, Inc. Class A
 
1,676
332,401
 
 
 
2,292,452
TOTAL HEALTH CARE
 
 
6,551,327
INDUSTRIALS - 16.6%
 
 
 
Aerospace & Defense - 0.6%
 
 
 
Lockheed Martin Corp.
 
836
358,009
Building Products - 4.1%
 
 
 
Carrier Global Corp.
 
5,867
326,088
Fortune Brands Innovations, Inc.
 
3,130
254,594
The AZEK Co., Inc. (a)
 
10,207
491,059
Trane Technologies PLC
 
4,177
1,177,789
 
 
 
2,249,530
Commercial Services & Supplies - 0.0%
 
 
 
Veralto Corp.
 
74
6,395
Construction & Engineering - 0.6%
 
 
 
AECOM
 
3,897
346,171
Electrical Equipment - 5.0%
 
 
 
Eaton Corp. PLC
 
6,229
1,800,181
Hubbell, Inc. Class B
 
920
350,216
Nextracker, Inc. Class A
 
3,171
178,337
Prysmian SpA
 
8,299
413,048
 
 
 
2,741,782
Ground Transportation - 1.2%
 
 
 
Uber Technologies, Inc. (a)
 
8,446
671,457
Industrial Conglomerates - 1.5%
 
 
 
General Electric Co.
 
2,953
463,296
Honeywell International, Inc.
 
1,760
349,765
 
 
 
813,061
Machinery - 2.3%
 
 
 
Caterpillar, Inc.
 
1,764
589,105
Cummins, Inc.
 
1,503
403,721
Pentair PLC
 
3,497
272,032
 
 
 
1,264,858
Professional Services - 0.9%
 
 
 
Equifax, Inc.
 
826
225,985
RELX PLC (London Stock Exchange)
 
6,200
271,585
 
 
 
497,570
Trading Companies & Distributors - 0.4%
 
 
 
United Rentals, Inc.
 
355
246,111
TOTAL INDUSTRIALS
 
 
9,194,944
INFORMATION TECHNOLOGY - 29.2%
 
 
 
Electronic Equipment, Instruments & Components - 1.0%
 
 
 
Jabil, Inc.
 
3,789
545,957
IT Services - 2.7%
 
 
 
Accenture PLC Class A
 
1,805
676,478
IBM Corp.
 
1,966
363,769
Shopify, Inc. Class A (a)
 
6,099
465,781
 
 
 
1,506,028
Semiconductors & Semiconductor Equipment - 12.9%
 
 
 
Analog Devices, Inc.
 
1,120
214,838
Applied Materials, Inc.
 
2,002
403,643
ASML Holding NV (depository receipt)
 
576
548,168
Lam Research Corp.
 
501
470,063
Marvell Technology, Inc.
 
2,288
163,958
MKS Instruments, Inc.
 
247
30,322
NVIDIA Corp.
 
5,017
3,969,049
NXP Semiconductors NV
 
501
125,115
ON Semiconductor Corp. (a)
 
1,961
154,762
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR
 
6,778
872,125
Universal Display Corp.
 
961
167,618
 
 
 
7,119,661
Software - 11.1%
 
 
 
Adobe, Inc. (a)
 
613
343,452
HubSpot, Inc. (a)
 
598
370,048
Intuit, Inc.
 
750
497,168
Microsoft Corp.
 
10,939
4,524,808
Oracle Corp.
 
3,869
432,090
 
 
 
6,167,566
Technology Hardware, Storage & Peripherals - 1.5%
 
 
 
Apple, Inc.
 
4,645
839,584
TOTAL INFORMATION TECHNOLOGY
 
 
16,178,796
MATERIALS - 4.4%
 
 
 
Chemicals - 2.4%
 
 
 
Linde PLC
 
3,051
1,369,350
Containers & Packaging - 1.2%
 
 
 
Aptargroup, Inc.
 
793
111,385
Avery Dennison Corp.
 
151
32,696
O-I Glass, Inc. (a)
 
29,969
507,075
 
 
 
651,156
Metals & Mining - 0.8%
 
 
 
Gold Fields Ltd. sponsored ADR
 
10,125
132,030
Newmont Corp.
 
9,804
306,375
 
 
 
438,405
TOTAL MATERIALS
 
 
2,458,911
REAL ESTATE - 0.2%
 
 
 
Equity Real Estate Investment Trusts (REITs) - 0.2%
 
 
 
Extra Space Storage, Inc.
 
186
26,220
SL Green Realty Corp.
 
918
44,505
Weyerhaeuser Co.
 
485
16,674
 
 
 
87,399
UTILITIES - 0.3%
 
 
 
Electric Utilities - 0.3%
 
 
 
SSE PLC
 
7,132
146,580
 
TOTAL COMMON STOCKS
 (Cost $46,042,833)
 
 
 
53,882,112
 
 
 
 
Money Market Funds - 3.0%
 
 
Shares
Value ($)
 
Fidelity Cash Central Fund 5.39% (b)
 
 (Cost $1,698,815)
 
 
1,698,475
1,698,815
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 100.3%
 (Cost $47,741,648)
 
 
 
55,580,927
NET OTHER ASSETS (LIABILITIES) - (0.3)%  
(193,765)
NET ASSETS - 100.0%
55,387,162
 
 
Legend
 
(a)
Non-income producing
 
(b)
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.
 
 
 
 
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%
253,749
20,245,894
18,800,828
32,949
-
-
1,698,815
0.0%
Total
253,749
20,245,894
18,800,828
32,949
-
-
1,698,815
 
 
 
 
 
 
 
 
 
 
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
 
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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