N-Q 1 main.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-1400

Fidelity Contrafund
 (Exact name of registrant as specified in charter)

82 Devonshire St., Boston, Massachusetts 02109
 (Address of principal executive offices)       (Zip code)

Scott C. Goebel, Secretary

82 Devonshire St.

Boston, Massachusetts 02109
(Name and address of agent for service)

Registrant's telephone number, including area code: 617-563-7000

Date of fiscal year end:

December 31

 

 

Date of reporting period:

March 31, 2010

Item 1. Schedule of Investments

Quarterly Holdings Report

for

Fidelity® Advisor New Insights Fund
Class A
Class T
Class B
Class C
Institutional Class

March 31, 2010 

1.799846.106

ANIF-QTLY-0510

Investments March 31, 2010 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 94.6%

Shares

Value (000s)

CONSUMER DISCRETIONARY - 16.7%

Auto Components - 0.2%

ArvinMeritor, Inc. (a)

316,800

$ 4,229

Autoliv, Inc.

101,100

5,210

Gentex Corp.

291,400

5,659

Johnson Controls, Inc.

212,500

7,010

TRW Automotive Holdings Corp. (a)

166,000

4,744

 

26,852

Automobiles - 0.6%

Dongfeng Motor Group Co. Ltd. (H Shares)

5,534,000

8,995

Ford Motor Co. (a)

1,322,100

16,619

Geely Automobile Holdings Ltd. (c)

48,420,000

25,631

Honda Motor Co. Ltd. sponsored ADR

531,200

18,746

Hyundai Motor Co.

70,384

7,185

Toyota Motor Corp.

75,300

3,028

 

80,204

Diversified Consumer Services - 0.4%

Capella Education Co. (a)

13,000

1,207

Career Education Corp. (a)

42,400

1,342

DeVry, Inc.

249,900

16,293

Strayer Education, Inc.

118,380

28,828

Universal Technical Institute, Inc. (a)

88,700

2,024

 

49,694

Hotels, Restaurants & Leisure - 3.8%

7 Days Group Holdings Ltd. ADR

82,700

859

Buffalo Wild Wings, Inc. (a)

15,800

760

Cafe de Coral Holdings Ltd.

724,000

1,705

Chipotle Mexican Grill, Inc. (a)

559,728

63,065

Ctrip.com International Ltd. sponsored ADR (a)

241,100

9,451

Home Inns & Hotels Management, Inc. sponsored ADR (a)

336,200

11,007

Little Sheep Group Ltd.

3,309,000

1,850

Marriott International, Inc. Class A

263,090

8,293

McDonald's Corp.

4,141,227

276,303

Panera Bread Co. Class A (a)

105,300

8,054

Sands China Ltd.

2,871,200

4,563

Starbucks Corp.

1,724,600

41,856

The Cheesecake Factory, Inc. (a)

48,700

1,318

Tim Hortons, Inc.

1,804,400

58,805

WMS Industries, Inc. (a)

265,800

11,148

 

499,037

Common Stocks - continued

Shares

Value (000s)

CONSUMER DISCRETIONARY - continued

Household Durables - 0.1%

D.R. Horton, Inc.

3,300

$ 42

iRobot Corp. (a)

131,082

1,987

Lennar Corp. Class A

90,000

1,549

Ryland Group, Inc.

49,700

1,115

Tempur-Pedic International, Inc. (a)

141,400

4,265

 

8,958

Internet & Catalog Retail - 2.0%

Amazon.com, Inc. (a)

1,242,500

168,645

Expedia, Inc.

276,600

6,904

Liberty Media Corp. Interactive Series A (a)

1,004,800

15,383

Netflix, Inc. (a)

81,236

5,990

Priceline.com, Inc. (a)

226,400

57,732

 

254,654

Leisure Equipment & Products - 0.0%

Hasbro, Inc.

33,500

1,282

Mattel, Inc.

111,100

2,526

Sport Supply Group, Inc.

117,500

1,579

 

5,387

Media - 3.9%

CKX, Inc. (a)

285,693

1,751

Comcast Corp. Class A

436,500

8,215

DIRECTV (a)

2,577,535

87,146

Discovery Communications, Inc. (a)

2,233,200

75,460

DreamWorks Animation SKG, Inc. Class A (a)

297,024

11,700

Liberty Media Corp.:

Capital Series A (a)

199,632

7,261

Starz Series A (a)

163,190

8,923

Naspers Ltd. Class N

433,200

18,823

Net Servicos de Comunicacao SA sponsored ADR

86,600

1,121

Pearson PLC

93,300

1,467

Scripps Networks Interactive, Inc. Class A

816,300

36,203

The Walt Disney Co.

6,922,585

241,667

The Weinstein Co. III Holdings, LLC Class A-1 (a)(h)

2,267

850

Virgin Media, Inc.

149,800

2,586

 

503,173

Multiline Retail - 0.7%

99 Cents Only Stores (a)

591,800

9,646

Big Lots, Inc. (a)

119,700

4,359

Dollar Tree, Inc. (a)

866,900

51,338

Common Stocks - continued

Shares

Value (000s)

CONSUMER DISCRETIONARY - continued

Multiline Retail - continued

Dollarama, Inc.

230,200

$ 4,976

Dollarama, Inc. (e)

71,000

1,535

Mothercare PLC

144,733

1,319

Next PLC

122,700

4,030

Parkson Retail Group Ltd.

855,000

1,476

PCD Stores Group Ltd. (c)

7,260,000

2,403

Target Corp.

140,900

7,411

 

88,493

Specialty Retail - 3.1%

Aeropostale, Inc. (a)

460,650

13,281

American Eagle Outfitters, Inc.

73,900

1,369

Bed Bath & Beyond, Inc. (a)

427,200

18,694

Belle International Holdings Ltd.

5,458,000

7,339

Best Buy Co., Inc.

29,300

1,246

Chico's FAS, Inc.

485,400

6,999

DSW, Inc. Class A (a)(c)

92,100

2,351

Fourlis Holdings SA

527,400

6,312

Indigo Books & Music, Inc.

263,300

4,636

Inditex SA

237,086

15,629

J. Crew Group, Inc. (a)

1,166,615

53,548

Lumber Liquidators Holdings, Inc. (a)(c)

218,700

5,833

O'Reilly Automotive, Inc. (a)

58,300

2,432

RadioShack Corp.

232,200

5,255

Ross Stores, Inc.

723,473

38,684

rue21, Inc. (c)

192,900

6,688

Staples, Inc.

219,900

5,143

TJX Companies, Inc.

4,061,000

172,674

Urban Outfitters, Inc. (a)

755,300

28,724

Zumiez, Inc. (a)(c)

138,600

2,840

 

399,677

Textiles, Apparel & Luxury Goods - 1.9%

Anta Sports Products Ltd.

306,000

505

Burberry Group PLC

915,600

9,930

Carter's, Inc. (a)

46,100

1,390

China Dongxiang Group Co. Ltd.

4,868,000

3,511

China Hongxing Sports Ltd.

6,000,000

622

Coach, Inc.

540,600

21,365

Deckers Outdoor Corp. (a)

35,100

4,844

NIKE, Inc. Class B

2,368,700

174,099

Phillips-Van Heusen Corp.

48,900

2,805

Common Stocks - continued

Shares

Value (000s)

CONSUMER DISCRETIONARY - continued

Textiles, Apparel & Luxury Goods - continued

Polo Ralph Lauren Corp. Class A

186,300

$ 15,843

Shenzhou International Group Holdings Ltd.

547,000

789

Steven Madden Ltd. (a)

74,900

3,655

Trinity Ltd.

2,102,000

1,375

 

240,733

TOTAL CONSUMER DISCRETIONARY

2,156,862

CONSUMER STAPLES - 7.4%

Beverages - 2.4%

Anheuser-Busch InBev SA NV

263,432

13,270

C&C Group PLC

669,755

3,027

Coca-Cola Bottling Co. Consolidated

30,294

1,777

Dr Pepper Snapple Group, Inc.

247,700

8,712

The Coca-Cola Co.

4,996,100

274,786

Tsingtao Brewery Co. Ltd. (H Shares)

2,296,000

11,548

 

313,120

Food & Staples Retailing - 0.7%

Costco Wholesale Corp.

429,500

25,645

Koninklijke Ahold NV

796,224

10,615

Susser Holdings Corp. (a)

54,602

461

Tesco PLC

5,787,322

38,251

Wal-Mart Stores, Inc.

52,100

2,897

Whole Foods Market, Inc. (a)

36,800

1,330

Wm Morrison Supermarkets PLC

773,266

3,445

 

82,644

Food Products - 1.4%

Ausnutria Dairy Hunan Co. Ltd. Class H

2,145,000

1,497

Diamond Foods, Inc.

202,000

8,492

General Mills, Inc.

514,700

36,436

Green Mountain Coffee Roasters, Inc. (a)

56,200

5,441

Kraft Foods, Inc. Class A

115,566

3,495

Lancaster Colony Corp.

26,600

1,568

Nestle SA

703,003

36,007

Ralcorp Holdings, Inc. (a)

447,200

30,311

Tingyi (Cayman Island) Holding Corp.

5,766,000

13,635

TreeHouse Foods, Inc. (a)

575,293

25,238

Unilever NV (NY Shares)

39,700

1,197

Want Want China Holdings Ltd.

22,777,000

16,164

 

179,481

Common Stocks - continued

Shares

Value (000s)

CONSUMER STAPLES - continued

Household Products - 2.5%

Colgate-Palmolive Co.

1,852,300

$ 157,927

Mcbride PLC

484,700

1,677

Procter & Gamble Co.

2,590,467

163,899

 

323,503

Personal Products - 0.4%

BaWang International (Group) Holding Ltd.

11,599,000

8,680

Estee Lauder Companies, Inc. Class A

506,200

32,837

Hengan International Group Co. Ltd.

585,000

4,362

Hypermarcas SA (a)

442,600

5,400

NBTY, Inc. (a)

59,400

2,850

 

54,129

TOTAL CONSUMER STAPLES

952,877

ENERGY - 6.9%

Energy Equipment & Services - 0.9%

Schlumberger Ltd.

1,853,100

117,598

Seadrill Ltd. (c)

153,600

3,580

 

121,178

Oil, Gas & Consumable Fuels - 6.0%

Anadarko Petroleum Corp.

1,168,500

85,102

Apache Corp.

109,500

11,114

BG Group PLC

618,630

10,709

Birchcliff Energy Ltd. (a)

1,602,000

13,835

Canadian Natural Resources Ltd.

603,600

44,680

Cenovus Energy, Inc.

439,100

11,472

Clean Energy Fuels Corp. (a)(c)

1,051,900

23,962

Concho Resources, Inc. (a)

639,500

32,205

Crescent Point Energy Corp. (c)

377,500

14,487

EnCana Corp.

911,600

28,367

EOG Resources, Inc.

665,800

61,879

EXCO Resources, Inc.

240,600

4,422

Govi High Power Exploration, Inc. (a)(h)

2,750,000

5,500

InterOil Corp. (a)(c)

21,900

1,419

Ivanhoe Energy, Inc. (a)(c)

2,114,400

6,913

Ivanhoe Energy, Inc. warrants 1/26/11 (a)(h)

618,000

1,889

McMoRan Exploration Co. (a)(c)

193,700

2,834

Niko Resources Ltd.

27,100

2,891

Noble Energy, Inc.

2,444,100

178,419

Northern Oil & Gas, Inc. (a)(c)

906,475

14,368

Common Stocks - continued

Shares

Value (000s)

ENERGY - continued

Oil, Gas & Consumable Fuels - continued

Occidental Petroleum Corp.

1,327,200

$ 112,201

OGX Petroleo e Gas Participacoes SA

282,200

2,640

Pacific Rubiales Energy Corp. (a)

83,700

1,626

PetroBakken Energy Ltd. Class A (c)

189,889

4,959

Petrobank Energy & Resources Ltd. (a)

211,400

11,579

Petroplus Holdings AG

544,927

10,125

Plains Exploration & Production Co. (a)

214,000

6,418

Range Resources Corp.

589,200

27,616

Sable Mining Africa Ltd. (a)

22,242,830

10,297

SouthGobi Energy Resources Ltd. (a)

123,800

1,957

SouthGobi Energy Resources Ltd. (a)(e)

57,600

910

Southwestern Energy Co. (a)

617,500

25,145

TransAtlantic Petroleum Ltd. (a)(e)

1,234,400

4,315

 

776,255

TOTAL ENERGY

897,433

FINANCIALS - 11.2%

Capital Markets - 1.0%

BlackRock, Inc. Class A

14,600

3,179

Charles Schwab Corp.

1,738,600

32,494

Franklin Resources, Inc.

225,600

25,019

Goldman Sachs Group, Inc.

152,800

26,072

T. Rowe Price Group, Inc.

705,500

38,753

 

125,517

Commercial Banks - 4.1%

Banco do Brasil SA

468,700

7,836

BOK Financial Corp.

24,700

1,295

Center Financial Corp. (a)

50,000

243

Fifth Third Bancorp

99,100

1,347

HDFC Bank Ltd. sponsored ADR (c)

57,300

7,987

Itau Unibanco Banco Multiplo SA ADR

611,370

13,444

M&T Bank Corp. (c)

69,000

5,477

Prosperity Bancshares, Inc.

29,800

1,222

PT Bank Central Asia Tbk

2,333,500

1,412

Royal Bank of Canada

112,100

6,562

Standard Chartered PLC (United Kingdom)

2,269,917

61,931

State Bank of India

165,687

7,681

Common Stocks - continued

Shares

Value (000s)

FINANCIALS - continued

Commercial Banks - continued

Union Bank of India

62,812

$ 410

Wells Fargo & Co.

13,527,385

420,972

 

537,819

Consumer Finance - 0.2%

American Express Co.

720,700

29,736

Credit Acceptance Corp. (a)(c)

25,600

1,056

 

30,792

Diversified Financial Services - 1.4%

Citigroup, Inc. (a)

4,037,000

16,350

Gimv NV

18,400

993

Hong Kong Exchanges and Clearing Ltd.

1,101,900

18,393

JPMorgan Chase & Co.

3,154,819

141,178

MSCI, Inc. Class A (a)

183,300

6,617

 

183,531

Insurance - 4.3%

ACE Ltd.

132,800

6,945

Admiral Group PLC

837,500

16,780

AFLAC, Inc.

24,500

1,330

Berkshire Hathaway, Inc. Class A (a)

3,493

425,447

CNinsure, Inc. ADR

48,900

1,301

Fairfax Financial Holdings Ltd. (sub. vtg.)

48,300

18,164

Primerica, Inc.

30,200

453

The Chubb Corp.

1,044,200

54,142

The Travelers Companies, Inc.

546,200

29,462

 

554,024

Real Estate Investment Trusts - 0.1%

Simon Property Group, Inc.

108,472

9,101

Starwood Property Trust, Inc.

145,300

2,804

 

11,905

Real Estate Management & Development - 0.1%

Wharf Holdings Ltd.

1,489,000

8,390

TOTAL FINANCIALS

1,451,978

HEALTH CARE - 12.6%

Biotechnology - 3.5%

Acorda Therapeutics, Inc. (a)

17,539

600

Actelion Ltd. (a)

133,936

6,094

Alexion Pharmaceuticals, Inc. (a)

408,700

22,221

Common Stocks - continued

Shares

Value (000s)

HEALTH CARE - continued

Biotechnology - continued

Allos Therapeutics, Inc. (a)(c)

372,600

$ 2,768

ARIAD Pharmaceuticals, Inc. (a)

2,000,000

6,800

AVEO Pharmaceuticals, Inc.

85,000

765

Biogen Idec, Inc. (a)

480,000

27,533

BioMarin Pharmaceutical, Inc. (a)

121,300

2,835

Celgene Corp. (a)

930,600

57,660

Gilead Sciences, Inc. (a)

4,504,100

204,846

Human Genome Sciences, Inc. (a)

819,600

24,752

Incyte Corp. (a)

944,700

13,188

MannKind Corp. (a)

149,406

980

MannKind Corp. warrants 8/3/10 (a)(h)

29,881

6

Medivation, Inc. (a)(c)

875,461

9,184

Regeneron Pharmaceuticals, Inc. (a)

253,500

6,715

RXi Pharmaceuticals Corp. (a)(c)

571,429

2,606

RXi Pharmaceuticals Corp. warrants 2/4/15 (a)

228,571

796

Seattle Genetics, Inc. (a)

40,900

488

Targacept, Inc. (a)

1,110,400

21,830

United Therapeutics Corp. (a)

162,200

8,975

Vertex Pharmaceuticals, Inc. (a)

565,300

23,104

Zymogenetics, Inc. (a)

916,500

5,252

 

449,998

Health Care Equipment & Supplies - 1.9%

AGA Medical Holdings, Inc.

83,400

1,355

Alcon, Inc.

191,500

30,939

Baxter International, Inc.

34,800

2,025

Becton, Dickinson & Co.

192,100

15,124

C. R. Bard, Inc.

174,099

15,080

Conceptus, Inc. (a)

116,000

2,315

Covidien PLC

1,436,966

72,251

DENTSPLY International, Inc.

438,117

15,268

Edwards Lifesciences Corp. (a)

388,482

38,413

ev3, Inc. (a)

467,600

7,416

Gen-Probe, Inc. (a)

27,000

1,350

Hologic, Inc. (a)

77,600

1,439

I-Pulse, Inc. (a)

58,562

94

I-Pulse, Inc. warrants 12/15/10 (a)

58,562

0

Intuitive Surgical, Inc. (a)

6,700

2,332

Inverness Medical Innovations, Inc. (a)

67,987

2,648

Micrus Endovascular Corp. (a)

153,000

3,017

Mindray Medical International Ltd. sponsored ADR (c)

203,500

7,411

Common Stocks - continued

Shares

Value (000s)

HEALTH CARE - continued

Health Care Equipment & Supplies - continued

NuVasive, Inc. (a)

117,700

$ 5,320

ResMed, Inc. (a)

61,700

3,927

Shandong Weigao Group Medical Polymer Co. Ltd. (H Shares)

2,160,000

9,014

St. Jude Medical, Inc. (a)

68,200

2,800

Thoratec Corp. (a)

142,000

4,750

Volcano Corp. (a)

227,900

5,506

 

249,794

Health Care Providers & Services - 1.8%

AmerisourceBergen Corp.

262,200

7,583

Cardinal Health, Inc.

36,200

1,304

Emergency Medical Services Corp. Class A (a)

157,100

8,884

Express Scripts, Inc. (a)

601,700

61,229

Henry Schein, Inc. (a)

32,300

1,902

HMS Holdings Corp. (a)

80,400

4,100

IPC The Hospitalist Co., Inc. (a)

8,800

309

Magellan Health Services, Inc. (a)

118,500

5,152

Medco Health Solutions, Inc. (a)

2,108,400

136,118

Sinopharm Group Co. Ltd. (H Shares)

438,000

1,969

 

228,550

Health Care Technology - 0.4%

Cerner Corp. (a)

468,073

39,814

Quality Systems, Inc.

248,700

15,280

SXC Health Solutions Corp. (a)

9,700

657

 

55,751

Life Sciences Tools & Services - 1.1%

Fluidigm Corp. warrants 8/25/19 (a)

3,117

1

Illumina, Inc. (a)

40,300

1,568

Life Technologies Corp. (a)

612,500

32,015

Mettler-Toledo International, Inc. (a)

552,000

60,278

QIAGEN NV (a)

554,400

12,746

Waters Corp. (a)

467,100

31,548

 

138,156

Pharmaceuticals - 3.9%

Abbott Laboratories

3,112,500

163,967

Allergan, Inc.

90,800

5,931

AstraZeneca PLC (United Kingdom)

1,277,668

56,979

Auxilium Pharmaceuticals, Inc. (a)

15,000

467

Bayer AG

17,130

1,159

Bristol-Myers Squibb Co.

175,231

4,679

Common Stocks - continued

Shares

Value (000s)

HEALTH CARE - continued

Pharmaceuticals - continued

Dr. Reddy's Laboratories Ltd. sponsored ADR (c)

146,900

$ 4,147

Forest Laboratories, Inc. (a)

1,004,500

31,501

Johnson & Johnson

734,500

47,889

MAP Pharmaceuticals, Inc. (a)

599,800

9,531

Merck & Co., Inc.

196,400

7,336

Novo Nordisk AS Series B

536,653

41,647

Optimer Pharmaceuticals, Inc. (a)

209,100

2,568

Perrigo Co.

144,700

8,497

Pronova BioPharma ASA (a)

398,400

1,281

Salix Pharmaceuticals Ltd. (a)

188,000

7,003

Shionogi & Co. Ltd.

108,000

2,055

Shire PLC

638,800

14,081

Teva Pharmaceutical Industries Ltd. sponsored ADR

1,107,000

69,830

Valeant Pharmaceuticals International (a)(c)

631,000

27,076

Warner Chilcott PLC (a)

30,000

767

 

508,391

TOTAL HEALTH CARE

1,630,640

INDUSTRIALS - 3.1%

Aerospace & Defense - 0.2%

DigitalGlobe, Inc.

47,000

1,314

Precision Castparts Corp.

21,600

2,737

Raytheon Co.

21,100

1,205

The Boeing Co.

45,600

3,311

TransDigm Group, Inc.

23,600

1,252

United Technologies Corp.

198,900

14,641

 

24,460

Air Freight & Logistics - 0.5%

C.H. Robinson Worldwide, Inc.

1,096,972

61,266

Airlines - 0.1%

Southwest Airlines Co.

849,700

11,233

Commercial Services & Supplies - 0.3%

APAC Customer Services, Inc. (a)(d)

2,806,744

16,139

Schawk, Inc. Class A

157,546

2,856

Stericycle, Inc. (a)

236,000

12,862

Waste Connections, Inc. (a)

35,400

1,202

 

33,059

Construction & Engineering - 0.1%

Jacobs Engineering Group, Inc. (a)

345,700

15,622

Common Stocks - continued

Shares

Value (000s)

INDUSTRIALS - continued

Electrical Equipment - 0.5%

American Superconductor Corp. (a)(c)

421,700

$ 12,187

China High Speed Transmission Equipment Group Co. Ltd.

3,457,000

7,640

Cooper Industries PLC Class A

638,545

30,612

Fushi Copperweld, Inc. (a)

699,600

7,850

JA Solar Holdings Co. Ltd. ADR (a)

249,900

1,402

Nexxus Lighting, Inc. (a)

109,400

379

Roper Industries, Inc.

21,800

1,261

Sensata Technologies Holding BV

200,100

3,594

 

64,925

Industrial Conglomerates - 0.0%

Beijing Enterprises Holdings Ltd.

635,500

4,416

Machinery - 1.0%

China Automation Group Ltd.

5,128,000

3,963

Cummins, Inc.

21,500

1,332

Danaher Corp.

1,003,977

80,228

Duoyuan Global Water, Inc. ADR (c)

98,200

2,727

Oshkosh Co. (a)

61,700

2,489

PACCAR, Inc.

593,223

25,710

SmartHeat, Inc. (a)(c)

630,800

6,775

SPX Corp.

19,800

1,313

 

124,537

Marine - 0.0%

Kuehne & Nagel International AG

12,190

1,234

Professional Services - 0.1%

Robert Half International, Inc.

373,600

11,369

SEEK Ltd.

1,000,000

7,359

 

18,728

Road & Rail - 0.3%

Canadian National Railway Co.

514,400

31,224

CSX Corp.

47,100

2,397

Dollar Thrifty Automotive Group, Inc. (a)

149,100

4,791

 

38,412

Trading Companies & Distributors - 0.0%

Noble Group Ltd.

1,118,000

2,446

W.W. Grainger, Inc.

35,100

3,795

 

6,241

TOTAL INDUSTRIALS

404,133

Common Stocks - continued

Shares

Value (000s)

INFORMATION TECHNOLOGY - 31.2%

Communications Equipment - 2.2%

Acme Packet, Inc. (a)

72,700

$ 1,402

Aruba Networks, Inc. (a)

155,300

2,121

BYD Electronic International Co. Ltd. (a)

13,510,500

11,119

Cisco Systems, Inc. (a)

4,577,600

119,155

F5 Networks, Inc. (a)

578,300

35,571

JDS Uniphase Corp. (a)

545,200

6,831

Juniper Networks, Inc. (a)

587,500

18,025

QUALCOMM, Inc.

2,014,300

84,580

Research In Motion Ltd. (a)

138,400

10,235

ZTE Corp. (H Shares)

34,400

208

 

289,247

Computers & Peripherals - 7.4%

Apple, Inc. (a)

3,061,953

719,338

EMC Corp. (a)

895,100

16,148

Hewlett-Packard Co.

3,369,500

179,089

NetApp, Inc. (a)

836,300

27,230

Western Digital Corp. (a)

378,600

14,762

 

956,567

Electronic Equipment & Components - 1.4%

Agilent Technologies, Inc. (a)

568,800

19,561

Amphenol Corp. Class A

1,805,940

76,193

BYD Co. Ltd. (H Shares) (a)(c)

4,492,690

44,758

Corning, Inc.

72,700

1,469

FLIR Systems, Inc. (a)

560,300

15,800

Ju Teng International Holdings Ltd.

244,000

236

Plexus Corp.

159,000

5,729

Prime View International Co. Ltd. (a)

2,428,000

4,398

Prime View International Co. Ltd. sponsored GDR (a)(e)

89,500

1,620

Sanmina-SCI Corp. (a)

75,100

1,239

Wasion Group Holdings Ltd.

7,686,000

5,445

 

176,448

Internet Software & Services - 6.7%

AOL, Inc. (a)

214,499

5,423

Baidu.com, Inc. sponsored ADR (a)

50,100

29,910

Constant Contact, Inc. (a)

299,000

6,943

eBay, Inc. (a)

265,000

7,142

Google, Inc. Class A (a)

1,194,805

677,466

IAC/InterActiveCorp (a)

67,100

1,526

LivePerson, Inc. (a)

576,600

4,423

LogMeIn, Inc.

136,900

2,832

Common Stocks - continued

Shares

Value (000s)

INFORMATION TECHNOLOGY - continued

Internet Software & Services - continued

Mercadolibre, Inc. (a)

39,900

$ 1,924

NetEase.com, Inc. sponsored ADR (a)

409,100

14,511

Open Text Corp. (a)

35,500

1,693

Rackspace Hosting, Inc. (a)

107,100

2,006

Tencent Holdings Ltd.

4,359,500

87,479

VistaPrint Ltd. (a)

317,200

18,160

WebMD Health Corp. (a)

230,036

10,669

 

872,107

IT Services - 4.3%

Accenture PLC Class A

1,747,400

73,303

CGI Group, Inc. Class A (sub. vtg.) (a)

171,500

2,567

Cognizant Technology Solutions Corp. Class A (a)

580,100

29,573

Fidelity National Information Services, Inc.

1,120,300

26,260

Fiserv, Inc. (a)

72,100

3,660

Hewitt Associates, Inc. Class A (a)

378,500

15,057

MasterCard, Inc. Class A

157,369

39,972

Redecard SA

413,200

7,643

Visa, Inc. Class A

3,850,600

350,520

Wipro Ltd. sponsored ADR (c)

58,100

1,354

 

549,909

Semiconductors & Semiconductor Equipment - 4.6%

Aixtron AG

88,500

3,183

Altera Corp.

1,888,600

45,912

ARM Holdings PLC sponsored ADR

553,200

5,914

ASML Holding NV (NY Shares)

538,700

19,070

Atheros Communications, Inc. (a)

206,623

7,998

Avago Technologies Ltd.

1,376,400

28,299

Broadcom Corp. Class A

1,468,500

48,725

Cavium Networks, Inc. (a)

178,500

4,438

Cirrus Logic, Inc. (a)

41,400

347

Cree, Inc. (a)

834,900

58,627

Cymer, Inc. (a)

131,000

4,886

Intel Corp.

712,200

15,854

KLA-Tencor Corp.

106,500

3,293

Marvell Technology Group Ltd. (a)

4,339,100

88,431

MediaTek, Inc.

218,000

3,784

Micrel, Inc.

755,100

8,049

Netlogic Microsystems, Inc. (a)(c)

453,100

13,335

NVIDIA Corp. (a)

3,169,600

55,088

ON Semiconductor Corp. (a)

488,000

3,904

Common Stocks - continued

Shares

Value (000s)

INFORMATION TECHNOLOGY - continued

Semiconductors & Semiconductor Equipment - continued

Power Integrations, Inc.

48,900

$ 2,015

Samsung Electronics Co. Ltd.

157,861

114,128

Skyworks Solutions, Inc. (a)

2,280,576

35,577

Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR

1,907,146

20,006

Veeco Instruments, Inc. (a)(c)

206,700

8,991

Xilinx, Inc.

47,600

1,214

 

601,068

Software - 4.6%

Activision Blizzard, Inc.

2,106,000

25,398

Adobe Systems, Inc. (a)

681,206

24,094

ANSYS, Inc. (a)

173,700

7,493

ArcSight, Inc. (a)

325,739

9,170

Ariba, Inc. (a)

276,538

3,554

AsiaInfo Holdings, Inc. (a)

576,000

15,252

Blackboard, Inc. (a)

62,800

2,616

BMC Software, Inc. (a)

1,147,700

43,613

Check Point Software Technologies Ltd. (a)

1,446,500

50,714

Citrix Systems, Inc. (a)

1,347,900

63,985

CommVault Systems, Inc. (a)

154,400

3,296

Fortinet, Inc.

127,000

2,233

Informatica Corp. (a)

768,589

20,644

Intuit, Inc. (a)

149,900

5,148

Longtop Financial Technologies Ltd. ADR (a)

209,100

6,735

McAfee, Inc. (a)

396,600

15,916

NCsoft Corp.

50,403

6,393

Oracle Corp.

6,117,850

157,168

Pegasystems, Inc.

229,800

8,503

Perfect World Co. Ltd. sponsored ADR Class B (a)

147,900

5,539

Red Hat, Inc. (a)

490,800

14,366

Rovi Corp. (a)

256,600

9,528

Salesforce.com, Inc. (a)

523,700

38,989

SolarWinds, Inc. (c)

388,900

8,424

Solera Holdings, Inc.

50,400

1,948

Sourcefire, Inc. (a)

971,340

22,292

SuccessFactors, Inc. (a)

163,900

3,121

Sybase, Inc. (a)

182,800

8,522

TIBCO Software, Inc. (a)

592,300

6,391

Common Stocks - continued

Shares

Value (000s)

INFORMATION TECHNOLOGY - continued

Software - continued

VanceInfo Technologies, Inc. ADR (a)

313,800

$ 6,995

VMware, Inc. Class A (a)

54,500

2,905

 

600,945

TOTAL INFORMATION TECHNOLOGY

4,046,291

MATERIALS - 5.0%

Chemicals - 0.4%

E.I. du Pont de Nemours & Co.

35,700

1,329

Ecolab, Inc.

533,600

23,452

Huabao International Holdings Ltd.

19,884,000

23,894

Lubrizol Corp.

89,800

8,236

NewMarket Corp.

5,400

556

STR Holdings, Inc.

99,300

2,334

 

59,801

Containers & Packaging - 0.0%

Rock-Tenn Co. Class A

31,100

1,417

Temple-Inland, Inc.

52,600

1,075

 

2,492

Metals & Mining - 4.6%

Alamos Gold, Inc.

104,100

1,391

AngloGold Ashanti Ltd. sponsored ADR

583,100

22,129

B2Gold Corp. (a)(c)

2,504,500

3,181

B2Gold Corp. (a)(e)

660,000

838

BHP Billiton Ltd. sponsored ADR (c)

55,800

4,482

Crocodile Gold Corp. (a)(c)

3,483,600

5,763

Eldorado Gold Corp. (a)

4,666,303

56,657

First Quantum Minerals Ltd.

50,900

4,189

Franco-Nevada Corp.

1,530,700

41,075

Franco-Nevada Corp. (e)

126,300

3,389

Franco-Nevada Corp. warrants 6/16/17 (a)(e)

63,150

454

Freeport-McMoRan Copper & Gold, Inc.

48,000

4,010

Goldcorp, Inc.

2,988,801

111,694

Ivanhoe Mines Ltd. (a)

4,030,400

70,448

Kinross Gold Corp.

3,767,176

64,437

New Gold, Inc. (a)

683,000

2,939

Newcrest Mining Ltd.

2,656,317

79,997

Northern Dynasty Minerals Ltd. (a)

78,300

746

Novagold Resources, Inc. (a)(c)

36,200

259

POSCO sponsored ADR

10,500

1,229

Common Stocks - continued

Shares

Value (000s)

MATERIALS - continued

Metals & Mining - continued

Randgold Resources Ltd. sponsored ADR

881,522

$ 67,727

Red Back Mining, Inc. (a)

1,854,804

37,900

Red Back Mining, Inc. (a)(e)

98,900

2,021

Seabridge Gold, Inc. (a)

82,900

2,019

Ventana Gold Corp. (a)

242,200

2,242

 

591,216

TOTAL MATERIALS

653,509

TELECOMMUNICATION SERVICES - 0.4%

Diversified Telecommunication Services - 0.0%

AboveNet, Inc. (a)

143,200

7,265

Wireless Telecommunication Services - 0.4%

American Tower Corp. Class A (a)

402,600

17,155

Clearwire Corp.:

rights 6/21/10 (a)

357,050

66

Class A (a)

357,050

2,553

Millicom International Cellular SA

46,400

4,137

NII Holdings, Inc. (a)

162,400

6,766

NTT DoCoMo, Inc.

1,195

1,819

Vivo Participacoes SA sponsored ADR

530,000

14,368

 

46,864

TOTAL TELECOMMUNICATION SERVICES

54,129

UTILITIES - 0.1%

Multi-Utilities - 0.1%

YTL Corp. Bhd

3,794,910

8,735

TOTAL COMMON STOCKS

(Cost $9,620,185)

12,256,587

Preferred Stocks - 0.1%

 

 

 

 

Convertible Preferred Stocks - 0.1%

FINANCIALS - 0.0%

Diversified Financial Services - 0.0%

Ning, Inc. Series D 8.00% (a)(h)

541,260

3,191

Preferred Stocks - continued

Shares

Value (000s)

Convertible Preferred Stocks - continued

HEALTH CARE - 0.1%

Biotechnology - 0.1%

Light Sciences Oncology, Inc. (a)(h)

463,700

$ 1,855

Light Sciences Oncology, Inc. Series B (a)(h)

1,792,115

7,168

 

9,023

Health Care Equipment & Supplies - 0.0%

superDimension Ltd. (a)(h)

91,600

1,053

Life Sciences Tools & Services - 0.0%

Fluidigm Corp. (a)

143,925

1,007

TOTAL HEALTH CARE

11,083

INFORMATION TECHNOLOGY - 0.0%

Internet Software & Services - 0.0%

Digg, Inc. Series C, 8.00% (a)(h)

64,821

486

Software - 0.0%

Trion World Network, Inc. 8.00% (a)(h)

602,295

3,307

TOTAL INFORMATION TECHNOLOGY

3,793

TOTAL CONVERTIBLE PREFERRED STOCKS

18,067

Nonconvertible Preferred Stocks - 0.0%

TELECOMMUNICATION SERVICES - 0.0%

Diversified Telecommunication Services - 0.0%

Slide, Inc. Series D (a)(h)

809,262

1,003

TOTAL PREFERRED STOCKS

(Cost $34,367)

19,070

Nonconvertible Bonds - 0.1%

 

Principal Amount (000s)

 

CONSUMER DISCRETIONARY - 0.0%

Automobiles - 0.0%

Ford Motor Co.:

6.375% 2/1/29

$ 700

560

6.625% 10/1/28

1,490

1,244

7.45% 7/16/31

2,235

2,112

 

3,916

Nonconvertible Bonds - continued

 

Principal Amount (000s)

Value (000s)

FINANCIALS - 0.1%

Diversified Financial Services - 0.1%

Ford Holdings LLC 9.3% 3/1/30

$ 6,415

$ 6,447

TOTAL NONCONVERTIBLE BONDS

(Cost $4,300)

10,363

Floating Rate Loans - 0.1%

 

CONSUMER DISCRETIONARY - 0.1%

Automobiles - 0.1%

Ford Motor Co. term loan 3.2584% 12/15/13 (f)

(Cost $5,909)

6,624

6,392

Money Market Funds - 6.6%

Shares

 

Fidelity Cash Central Fund, 0.19% (g)

692,333,808

692,334

Fidelity Securities Lending Cash Central Fund, 0.20% (b)(g)

160,672,290

160,672

TOTAL MONEY MARKET FUNDS

(Cost $853,006)

853,006

TOTAL INVESTMENT PORTFOLIO - 101.5%

(Cost $10,517,767)

13,145,418

NET OTHER ASSETS - (1.5)%

(195,753)

NET ASSETS - 100%

$ 12,949,665

Legend

(a) Non-income producing

(b) Investment made with cash collateral received from securities on loan.

(c) Security or a portion of the security is on loan at period end.

(d) Affiliated company

(e) 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 $15,082,000 or 0.1% of net assets.

(f) The coupon rate shown on floating or adjustable rate securities represents the rate at period end.

(g) Affiliated fund that is 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.

(h) Restricted securities - 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 $26,308,000 or 0.2% of net assets.

Additional information on each holding is as follows:

Security

Acquisition Date

Acquisition Cost (000s)

Digg, Inc.
Series C, 8.00%

9/23/08

$ 683

Govi High Power Exploration, Inc.

9/28/07

$ 5,500

Security

Acquisition Date

Acquisition Cost (000s)

Ivanhoe Energy, Inc. warrants 1/26/11

1/20/10

$ 1,854

Light Sciences Oncology, Inc.

7/9/08

$ 3,881

Light Sciences Oncology, Inc. Series B

4/4/07

$ 15,000

MannKind Corp. warrants 8/3/10

8/3/05

$ 1

Ning, Inc.
Series D 8.00%

3/19/08

$ 3,870

Slide, Inc.
Series D

1/14/08

$ 3,693

superDimension Ltd.

2/27/08 - 5/22/08

$ 1,963

The Weinstein Co. III Holdings, LLC Class A-1

10/19/05

$ 2,267

Trion World Network, Inc. 8.00%

8/22/08

$ 3,307

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund

Income earned
(Amounts in thousands)

Fidelity Cash Central Fund

$ 286

Fidelity Securities Lending Cash Central Fund

488

Total

$ 774

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:

Affiliates
(Amounts in thousands)

Value, beginning of period

Purchases

Sales Proceeds

Dividend Income

Value,
end of
period

APAC Customer Services, Inc.

$ 16,283

$ 405

$ -

$ -

$ 16,139

Sable Mining Africa Ltd.

5,142

-

2,361

-

-

Total

$ 21,425

$ 405

$ 2,361

$ -

$ 16,139

Other Information

The following is a summary of the inputs used, as of March 31, 2010, involving the Fund's assets and liabilities carried at value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the tables below, please refer to the Investment Valuation section at the end of this listing.

Valuation Inputs at Reporting Date:

Description
(Amounts in thousands)

Total

Level 1

Level 2

Level 3

Investments in Securities:

Equities:

Consumer Discretionary

$ 2,156,862

$ 2,152,984

$ 3,028

$ 850

Consumer Staples

952,877

952,877

-

-

Energy

897,433

890,044

-

7,389

Financials

1,455,169

1,451,525

453

3,191

Health Care

1,641,723

1,556,628

73,917

11,178

Industrials

404,133

404,133

-

-

Information Technology

4,050,084

4,046,291

-

3,793

Materials

653,509

653,509

-

-

Telecommunication Services

55,132

52,310

1,819

1,003

Utilities

8,735

8,735

-

-

Corporate Bonds

10,363

-

10,363

-

Floating Rate Loans

6,392

-

6,392

-

Money Market Funds

853,006

853,006

-

-

Total Investments in Securities:

$ 13,145,418

$ 13,022,042

$ 95,972

$ 27,404

The following is a reconciliation of Investments in Securities for which Level 3 inputs were used in determining value:

(Amounts in thousands)

 

Investments in Securities:

Beginning Balance

$ 25,420

Total Realized Gain (Loss)

94

Total Unrealized Gain (Loss)

119

Cost of Purchases

1,865

Proceeds of Sales

(94)

Amortization/Accretion

-

Transfers in to Level 3

-

Transfers out of Level 3

-

Ending Balance

$ 27,404

The change in unrealized gain (loss) for the period attributable to Level 3 securities held at March 31, 2010

$ 119

The information used in the above reconciliation represents fiscal year to date activity for any Investments in Securities identified as using Level 3 inputs at either the beginning or the end of the current fiscal period. Transfers in or out of Level 3 represents the beginning value of any Security or Instrument where a change in the pricing level occurred from the beginning to the end of the period. The cost of purchases and the proceeds of sales may include securities received or delivered through corporate actions or exchanges.

Income Tax Information

At March 31, 2010, the cost of investment securities for income tax purposes was $10,583,291,000. Net unrealized appreciation aggregated $2,562,127,000, of which $2,745,590,000 related to appreciated investment securities and $183,463,000 related to depreciated investment securities.

Investment Valuation

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Fund uses independent pricing services approved by the Board of Trustees to value its investments. When current market prices or quotations are not readily available or reliable, valuations may be determined in good faith in accordance with procedures adopted by the Board of Trustees. Factors used in determining value may include market or security specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The value used for net asset value calculation under these procedures may differ from published prices for the same securities. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels. Level 1 - 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). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's 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 an independent 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 foreign equity securities, when significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts, futures contracts, Exchange-traded funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy.

Debt securities, including restricted securities, are valued based on evaluated prices received from independent pricing services or from dealers who make markets in such securities. For corporate bonds and floating rate loans, pricing services utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type as well as dealer supplied prices and are generally categorized as Level 2 in the hierarchy.

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy. Short-term securities with remaining maturities of sixty days or less for which quotations are not readily available are valued at amortized cost, which approximates value and are categorized as Level 2 in the hierarchy.

When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing matrices which consider similar factors that would be used by independent pricing services. These are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

For additional information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.

Quarterly 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 visit advisor.fidelity.com or call Fidelity at 1-877-208-0098 for a free copy of the fund's most recent prospectus and annual report.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity® Contrafund® -
Contrafund
Class K

March 31, 2010 

1.799873.106

CON-QTLY-0510

Investments March 31, 2010 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 95.7%

Shares

Value (000s)

CONSUMER DISCRETIONARY - 16.8%

Auto Components - 0.2%

ArvinMeritor, Inc. (a)

1,688,300

$ 22,539

Autoliv, Inc.

555,500

28,625

Gentex Corp.

1,556,804

30,233

Johnson Controls, Inc.

1,013,200

33,425

 

114,822

Automobiles - 0.6%

Dongfeng Motor Group Co. Ltd. (H Shares)

31,332,000

50,927

Ford Motor Co. (a)

6,112,600

76,835

Geely Automobile Holdings Ltd. (c)

261,045,000

138,184

Honda Motor Co. Ltd. sponsored ADR

2,651,344

93,566

Hyundai Motor Co.

366,354

37,398

 

396,910

Diversified Consumer Services - 0.4%

Capella Education Co. (a)

67,664

6,282

Career Education Corp. (a)

220,000

6,961

DeVry, Inc.

1,436,081

93,632

Strayer Education, Inc. (c)

666,338

162,267

Universal Technical Institute, Inc. (a)

460,863

10,517

 

279,659

Hotels, Restaurants & Leisure - 4.1%

7 Days Group Holdings Ltd. ADR

437,900

4,550

Buffalo Wild Wings, Inc. (a)

89,919

4,326

Cafe de Coral Holdings Ltd.

5,784,000

13,618

Chipotle Mexican Grill, Inc. (a)(d)

2,901,212

326,880

Ctrip.com International Ltd. sponsored ADR (a)

1,271,000

49,823

Home Inns & Hotels Management, Inc. sponsored ADR (a)

1,599,410

52,365

Little Sheep Group Ltd.

18,723,000

10,466

Marriott International, Inc. Class A

1,299,800

40,970

McDonald's Corp.

22,703,870

1,514,802

Panera Bread Co. Class A (a)

632,900

48,411

Sands China Ltd.

15,243,200

24,227

Sodexo SA

255,644

15,279

Starbucks Corp.

9,349,400

226,910

The Cheesecake Factory, Inc. (a)

249,700

6,757

Tim Hortons, Inc. (d)

11,116,232

362,278

WMS Industries, Inc. (a)

1,481,657

62,141

 

2,763,803

Household Durables - 0.1%

D.R. Horton, Inc.

28,900

364

Common Stocks - continued

Shares

Value (000s)

CONSUMER DISCRETIONARY - continued

Household Durables - continued

iRobot Corp. (a)

625,123

$ 9,477

Lennar Corp. Class A

430,000

7,400

Ryland Group, Inc.

273,200

6,131

Tempur-Pedic International, Inc. (a)

498,777

15,043

 

38,415

Internet & Catalog Retail - 1.9%

Amazon.com, Inc. (a)

6,366,008

864,058

Expedia, Inc.

1,548,500

38,651

Liberty Media Corp. Interactive Series A (a)

5,534,755

84,737

Netflix, Inc. (a)

547,739

40,390

Priceline.com, Inc. (a)

1,018,100

259,616

 

1,287,452

Leisure Equipment & Products - 0.0%

Hasbro, Inc.

187,700

7,185

Mattel, Inc.

601,500

13,678

 

20,863

Media - 4.0%

CKX, Inc. (a)

1,781,993

10,924

Comcast Corp. Class A

2,351,200

44,250

DIRECTV (a)

14,297,109

483,385

Discovery Communications, Inc. (a)(c)(d)

11,753,905

397,164

DreamWorks Animation SKG, Inc. Class A (a)

1,488,818

58,645

Liberty Media Corp.:

Capital Series A (a)

1,053,378

38,311

Starz Series A (a)

887,411

48,524

Naspers Ltd. Class N

2,083,000

90,510

Net Servicos de Comunicacao SA sponsored ADR

450,000

5,828

Pearson PLC

611,200

9,611

Scripps Networks Interactive, Inc. Class A

4,549,952

201,790

The Walt Disney Co.

35,593,119

1,242,556

The Weinstein Co. Holdings, LLC Class A-1 (a)(h)

41,234

15,463

Virgin Media, Inc.

802,500

13,851

 

2,660,812

Multiline Retail - 0.7%

99 Cents Only Stores (a)

3,111,600

50,719

Big Lots, Inc. (a)

620,100

22,584

Dollar Tree, Inc. (a)(d)

4,392,300

260,112

Dollarama, Inc.

1,196,150

25,855

Dollarama, Inc. (e)

381,500

8,246

Common Stocks - continued

Shares

Value (000s)

CONSUMER DISCRETIONARY - continued

Multiline Retail - continued

Mothercare PLC

812,162

$ 7,403

Next PLC

596,400

19,590

Parkson Retail Group Ltd.

3,599,000

6,211

PCD Stores Group Ltd.

38,178,000

12,637

Target Corp.

765,200

40,250

 

453,607

Specialty Retail - 2.9%

Aeropostale, Inc. (a)

2,448,150

70,580

American Eagle Outfitters, Inc.

350,000

6,482

Bed Bath & Beyond, Inc. (a)

2,079,000

90,977

Belle International Holdings Ltd.

28,303,000

38,057

Best Buy Co., Inc.

129,200

5,496

Chico's FAS, Inc.

2,595,695

37,430

DSW, Inc. Class A (a)(c)

509,200

13,000

Inditex SA

1,167,768

76,980

J. Crew Group, Inc. (a)(c)(d)

6,324,653

290,302

Lumber Liquidators Holdings, Inc. (a)(c)

1,066,248

28,437

O'Reilly Automotive, Inc. (a)

347,000

14,473

RadioShack Corp.

1,326,800

30,025

Ross Stores, Inc.

3,503,233

187,318

rue21, Inc.

1,012,413

35,100

Staples, Inc.

1,052,000

24,606

TJX Companies, Inc.

19,466,062

827,697

Urban Outfitters, Inc. (a)

3,848,700

146,366

Zumiez, Inc. (a)

681,840

13,971

 

1,937,297

Textiles, Apparel & Luxury Goods - 1.9%

Anta Sports Products Ltd.

1,598,000

2,639

Burberry Group PLC

3,572,000

38,738

Carter's, Inc. (a)

250,000

7,538

China Dongxiang Group Co. Ltd.

27,249,000

19,653

Coach, Inc.

2,610,122

103,152

Deckers Outdoor Corp. (a)

184,400

25,447

NIKE, Inc. Class B

12,638,800

928,952

Phillips-Van Heusen Corp.

250,300

14,357

Polo Ralph Lauren Corp. Class A

782,600

66,552

Shenzhou International Group Holdings Ltd.

3,008,000

4,339

Common Stocks - continued

Shares

Value (000s)

CONSUMER DISCRETIONARY - continued

Textiles, Apparel & Luxury Goods - continued

Steven Madden Ltd. (a)

380,601

$ 18,573

Trinity Ltd.

11,174,000

7,311

 

1,237,251

TOTAL CONSUMER DISCRETIONARY

11,190,891

CONSUMER STAPLES - 8.0%

Beverages - 2.5%

Anheuser-Busch InBev SA NV

1,184,881

59,688

C&C Group PLC

3,448,818

15,587

Dr Pepper Snapple Group, Inc.

1,309,400

46,052

The Coca-Cola Co.

27,216,691

1,496,918

Tsingtao Brewery Co. Ltd. (H Shares)

11,818,000

59,438

 

1,677,683

Food & Staples Retailing - 0.7%

Costco Wholesale Corp.

2,374,123

141,759

Koninklijke Ahold NV

4,075,962

54,338

Susser Holdings Corp. (a)

435,176

3,677

Tesco PLC

31,693,276

209,476

Wal-Mart Stores, Inc.

589,100

32,754

Whole Foods Market, Inc. (a)

185,100

6,691

Wm Morrison Supermarkets PLC

5,187,501

23,110

 

471,805

Food Products - 1.6%

Ausnutria Dairy Hunan Co. Ltd. Class H

10,656,000

7,439

Diamond Foods, Inc. (d)

1,057,700

44,466

General Mills, Inc.

3,077,300

217,842

Green Mountain Coffee Roasters, Inc. (a)

299,900

29,036

Kellogg Co.

430,634

23,009

Kraft Foods, Inc. Class A

947,824

28,662

Lancaster Colony Corp.

146,122

8,615

Nestle SA

4,881,460

250,023

Ralcorp Holdings, Inc. (a)

2,194,200

148,723

Tingyi (Cayman Island) Holding Corp.

28,974,000

68,514

TreeHouse Foods, Inc. (a)(d)

3,408,796

149,544

Unilever NV (NY Shares)

222,200

6,702

Want Want China Holdings Ltd.

114,927,000

81,559

 

1,064,134

Common Stocks - continued

Shares

Value (000s)

CONSUMER STAPLES - continued

Household Products - 2.7%

Colgate-Palmolive Co.

10,597,611

$ 903,552

Mcbride PLC

2,439,518

8,442

Procter & Gamble Co.

14,144,119

894,898

 

1,806,892

Personal Products - 0.5%

BaWang International (Group) Holding Ltd.

59,540,000

44,554

Estee Lauder Companies, Inc. Class A

2,553,200

165,626

Hengan International Group Co. Ltd.

3,382,500

25,224

Hypermarcas SA (a)

2,845,600

34,715

NBTY, Inc. (a)

366,500

17,585

 

287,704

TOTAL CONSUMER STAPLES

5,308,218

ENERGY - 7.0%

Energy Equipment & Services - 1.0%

Schlumberger Ltd.

9,759,300

619,325

Seadrill Ltd. (c)

786,200

18,324

 

637,649

Oil, Gas & Consumable Fuels - 6.0%

Anadarko Petroleum Corp.

5,703,400

415,379

Apache Corp.

584,700

59,347

BG Group PLC

3,100,579

53,674

Birchcliff Energy Ltd. (a)(d)

9,939,100

85,835

Canadian Natural Resources Ltd. (c)

3,198,406

236,754

Cenovus Energy, Inc.

3,310,448

86,486

Clean Energy Fuels Corp. (a)(d)

5,073,165

115,567

Concho Resources, Inc. (a)

3,243,339

163,335

Crescent Point Energy Corp. (c)

1,981,700

76,048

EnCana Corp.

5,490,548

170,853

EOG Resources, Inc.

3,322,957

308,836

EXCO Resources, Inc.

671,800

12,348

InterOil Corp. (a)(c)

114,600

7,426

Ivanhoe Energy, Inc. (a)(c)

12,036,400

39,351

Ivanhoe Energy, Inc. warrants 1/26/11 (a)(h)

3,282,000

10,032

McMoRan Exploration Co. (a)(c)

1,002,835

14,671

Niko Resources Ltd.

148,000

15,788

Noble Energy, Inc. (d)

13,426,236

980,115

Northern Oil & Gas, Inc. (a)(d)

3,786,862

60,022

Occidental Petroleum Corp.

6,925,941

585,519

Common Stocks - continued

Shares

Value (000s)

ENERGY - continued

Oil, Gas & Consumable Fuels - continued

OGX Petroleo e Gas Participacoes SA

1,426,300

$ 13,343

Pacific Rubiales Energy Corp. (a)

430,100

8,356

PetroBakken Energy Ltd. Class A (c)

1,063,067

27,762

Petrobank Energy & Resources Ltd. (a)

1,101,800

60,347

Petroplus Holdings AG

2,868,860

53,306

Plains Exploration & Production Co. (a)

1,145,000

34,339

Range Resources Corp.

2,979,800

139,663

SouthGobi Energy Resources Ltd. (a)

652,300

10,310

SouthGobi Energy Resources Ltd. (a)(e)

299,600

4,735

Southwestern Energy Co. (a)

2,855,567

116,279

TransAtlantic Petroleum Ltd. (a)(e)

6,578,651

22,998

 

3,988,824

TOTAL ENERGY

4,626,473

FINANCIALS - 11.7%

Capital Markets - 0.9%

BlackRock, Inc. Class A

79,000

17,203

Charles Schwab Corp.

8,369,075

156,418

Franklin Resources, Inc.

1,029,900

114,216

Goldman Sachs Group, Inc.

643,109

109,734

T. Rowe Price Group, Inc.

3,225,300

177,166

 

574,737

Commercial Banks - 4.2%

Banco do Brasil SA

2,331,000

38,973

BOK Financial Corp.

125,000

6,555

Fifth Third Bancorp

510,600

6,939

HDFC Bank Ltd. sponsored ADR (c)

297,800

41,510

Itau Unibanco Banco Multiplo SA ADR

3,006,970

66,123

M&T Bank Corp. (c)

350,900

27,854

Metro Bank PLC Class A (a)(d)(h)

1,089,000

12,397

Prosperity Bancshares, Inc.

150,000

6,150

PT Bank Central Asia Tbk

12,500,000

7,563

Royal Bank of Canada

500,000

29,266

Standard Chartered PLC (United Kingdom)

12,005,503

327,550

State Bank of India

860,657

39,898

Union Bank of India

329,374

2,148

Wells Fargo & Co.

70,479,815

2,193,332

 

2,806,258

Common Stocks - continued

Shares

Value (000s)

FINANCIALS - continued

Consumer Finance - 0.2%

American Express Co.

3,435,233

$ 141,738

Credit Acceptance Corp. (a)

132,800

5,477

 

147,215

Diversified Financial Services - 1.5%

Citigroup, Inc. (a)

23,428,800

94,887

Gimv NV

100,000

5,396

Hong Kong Exchanges and Clearing Ltd.

5,258,700

87,778

JPMorgan Chase & Co.

17,149,329

767,432

MSCI, Inc. Class A (a)

755,800

27,284

 

982,777

Insurance - 4.8%

ACE Ltd.

512,478

26,803

Admiral Group PLC

4,881,222

97,798

AFLAC, Inc.

126,200

6,851

Axis Capital Holdings Ltd.

317,335

9,920

Berkshire Hathaway, Inc. Class A (a)(c)

20,497

2,496,535

CNinsure, Inc. ADR

240,000

6,386

Fairfax Financial Holdings Ltd. (sub. vtg.)

261,922

98,501

Primerica, Inc.

154,900

2,324

The Chubb Corp.

5,579,900

289,318

The Travelers Companies, Inc.

2,669,515

143,994

 

3,178,430

Real Estate Investment Trusts - 0.1%

Simon Property Group, Inc.

513,220

43,059

Starwood Property Trust, Inc.

870,000

16,791

 

59,850

Real Estate Management & Development - 0.0%

Wharf Holdings Ltd.

5,231,000

29,476

TOTAL FINANCIALS

7,778,743

HEALTH CARE - 12.7%

Biotechnology - 3.2%

Acorda Therapeutics, Inc. (a)

60,000

2,052

Actelion Ltd. (a)

794,782

36,162

Alexion Pharmaceuticals, Inc. (a)

1,049,882

57,082

Allos Therapeutics, Inc. (a)(c)

1,793,800

13,328

AVEO Pharmaceuticals, Inc.

869,000

7,821

Biogen Idec, Inc. (a)

2,570,200

147,427

Common Stocks - continued

Shares

Value (000s)

HEALTH CARE - continued

Biotechnology - continued

BioMarin Pharmaceutical, Inc. (a)

618,000

$ 14,443

Celgene Corp. (a)

4,814,904

298,331

Gilead Sciences, Inc. (a)

24,373,794

1,108,520

Human Genome Sciences, Inc. (a)

3,131,596

94,574

Incyte Corp. (a)

4,719,100

65,879

MannKind Corp. (a)

1,521,689

9,982

MannKind Corp. warrants 8/3/10 (a)(h)

304,338

57

Medivation, Inc. (a)(c)(d)

3,295,635

34,571

Regeneron Pharmaceuticals, Inc. (a)

1,635,031

43,312

Seattle Genetics, Inc. (a)

419,376

5,007

Targacept, Inc. (a)(d)

1,540,569

30,288

United Therapeutics Corp. (a)

827,400

45,780

Vertex Pharmaceuticals, Inc. (a)

2,693,000

110,063

Zymogenetics, Inc. (a)(d)

4,776,900

27,372

 

2,152,051

Health Care Equipment & Supplies - 2.2%

AGA Medical Holdings, Inc.

400,000

6,500

Alcon, Inc.

1,460,500

235,958

Baxter International, Inc.

553,700

32,225

Becton, Dickinson & Co.

1,426,148

112,281

C. R. Bard, Inc.

879,940

76,220

Conceptus, Inc. (a)

602,200

12,020

Covidien PLC

7,596,608

381,957

DENTSPLY International, Inc.

2,103,708

73,314

Edwards Lifesciences Corp. (a)

1,990,179

196,789

ev3, Inc. (a)

2,312,500

36,676

Gen-Probe, Inc. (a)

150,000

7,500

Hologic, Inc. (a)

426,200

7,902

Intuitive Surgical, Inc. (a)

57,900

20,157

Inverness Medical Innovations, Inc. (a)

260,004

10,127

Mindray Medical International Ltd. sponsored ADR (c)

835,900

30,443

NuVasive, Inc. (a)(c)

1,275,093

57,634

ResMed, Inc. (a)

443,200

28,210

Shandong Weigao Group Medical Polymer Co. Ltd. (H Shares)

11,916,000

49,725

St. Jude Medical, Inc. (a)

346,700

14,232

Stryker Corp.

110,000

6,294

Thoratec Corp. (a)

707,620

23,670

Volcano Corp. (a)

1,209,200

29,214

 

1,449,048

Common Stocks - continued

Shares

Value (000s)

HEALTH CARE - continued

Health Care Providers & Services - 1.7%

AmerisourceBergen Corp.

1,405,100

$ 40,635

Cardinal Health, Inc.

194,500

7,008

Emergency Medical Services Corp. Class A (a)

850,800

48,113

Express Scripts, Inc. (a)

2,652,200

269,888

Henry Schein, Inc. (a)

103,533

6,098

HMS Holdings Corp. (a)

430,400

21,946

IPC The Hospitalist Co., Inc. (a)

45,516

1,598

Magellan Health Services, Inc. (a)

620,600

26,984

Medco Health Solutions, Inc. (a)

10,766,487

695,084

Sinopharm Group Co. Ltd. Class H

2,357,200

10,596

 

1,127,950

Health Care Technology - 0.4%

Cerner Corp. (a)

2,316,189

197,015

Quality Systems, Inc. (c)(d)

1,489,685

91,526

SXC Health Solutions Corp. (a)

50,042

3,389

 

291,930

Life Sciences Tools & Services - 1.1%

Fluidigm Corp. warrants 8/25/19 (a)

28,439

5

Illumina, Inc. (a)

221,256

8,607

Life Technologies Corp. (a)

3,110,100

162,565

Mettler-Toledo International, Inc. (a)(d)

3,010,300

328,725

QIAGEN NV (a)

2,922,859

67,197

Waters Corp. (a)

2,429,481

164,087

 

731,186

Pharmaceuticals - 4.1%

Abbott Laboratories

17,009,683

896,070

Allergan, Inc.

510,500

33,346

AstraZeneca PLC (United Kingdom)

7,051,231

314,457

Auxilium Pharmaceuticals, Inc. (a)

80,000

2,493

Bayer AG

94,037

6,361

Bristol-Myers Squibb Co.

1,158,431

30,930

Dr. Reddy's Laboratories Ltd. sponsored ADR (c)

772,900

21,819

Forest Laboratories, Inc. (a)

5,066,000

158,870

Johnson & Johnson

4,838,700

315,483

MAP Pharmaceuticals, Inc. (a)

361,874

5,750

Merck & Co., Inc.

1,330,550

49,696

Novo Nordisk AS Series B

2,848,972

221,094

Optimer Pharmaceuticals, Inc. (a)

1,159,976

14,245

Perrigo Co.

835,800

49,078

Pronova BioPharma ASA (a)

2,088,800

6,714

Common Stocks - continued

Shares

Value (000s)

HEALTH CARE - continued

Pharmaceuticals - continued

Salix Pharmaceuticals Ltd. (a)

994,100

$ 37,030

Shionogi & Co. Ltd.

640,000

12,181

Shire PLC

3,401,100

74,972

Teva Pharmaceutical Industries Ltd. sponsored ADR

4,966,700

313,299

Valeant Pharmaceuticals International (a)(c)

2,949,174

126,549

Warner Chilcott PLC (a)

220,000

5,621

 

2,696,058

TOTAL HEALTH CARE

8,448,223

INDUSTRIALS - 3.0%

Aerospace & Defense - 0.2%

DigitalGlobe, Inc.

250,000

6,988

Precision Castparts Corp.

191,300

24,240

Raytheon Co.

105,800

6,043

The Boeing Co.

244,491

17,752

TransDigm Group, Inc.

123,300

6,540

United Technologies Corp.

1,076,000

79,204

 

140,767

Air Freight & Logistics - 0.5%

C.H. Robinson Worldwide, Inc.

6,078,225

339,469

Airlines - 0.1%

Southwest Airlines Co.

4,491,500

59,378

Commercial Services & Supplies - 0.1%

APAC Customer Services, Inc. (a)

388,241

2,232

Stericycle, Inc. (a)

1,266,099

69,002

Waste Connections, Inc. (a)

189,000

6,418

 

77,652

Construction & Engineering - 0.1%

Jacobs Engineering Group, Inc. (a)

1,809,472

81,770

Electrical Equipment - 0.5%

American Superconductor Corp. (a)(c)

1,872,213

54,107

China High Speed Transmission Equipment Group Co. Ltd.

18,832,000

41,621

Cooper Industries PLC Class A

4,051,141

194,212

JA Solar Holdings Co. Ltd. ADR (a)(c)

1,343,000

7,534

Nexxus Lighting, Inc. (a)

574,100

1,986

Roper Industries, Inc.

118,300

6,842

Sensata Technologies Holding BV

1,032,500

18,544

 

324,846

Common Stocks - continued

Shares

Value (000s)

INDUSTRIALS - continued

Industrial Conglomerates - 0.0%

Beijing Enterprises Holdings Ltd.

3,563,500

$ 24,761

Machinery - 1.0%

China Automation Group Ltd.

29,036,000

22,438

Cummins, Inc.

116,200

7,199

Danaher Corp.

5,185,109

414,342

Duoyuan Global Water, Inc. ADR (c)

480,800

13,352

Oshkosh Co. (a)

320,600

12,933

PACCAR, Inc.

2,943,941

127,590

SmartHeat, Inc. (a)(c)(d)

3,221,689

34,601

SPX Corp.

106,200

7,043

 

639,498

Marine - 0.0%

Kuehne & Nagel International AG

65,000

6,578

Professional Services - 0.1%

Robert Half International, Inc.

1,795,900

54,649

Road & Rail - 0.3%

Canadian National Railway Co.

2,739,100

166,261

CSX Corp.

261,400

13,305

Dollar Thrifty Automotive Group, Inc. (a)

770,300

24,750

 

204,316

Trading Companies & Distributors - 0.1%

Noble Group Ltd.

5,911,000

12,930

W.W. Grainger, Inc.

188,300

20,359

 

33,289

TOTAL INDUSTRIALS

1,986,973

INFORMATION TECHNOLOGY - 30.8%

Communications Equipment - 2.2%

Acme Packet, Inc. (a)

389,500

7,510

Aruba Networks, Inc. (a)

832,089

11,366

BYD Electronic International Co. Ltd. (a)

86,965,500

71,573

Cisco Systems, Inc. (a)

21,665,000

563,940

F5 Networks, Inc. (a)

2,897,379

178,218

JDS Uniphase Corp. (a)

2,841,300

35,601

Juniper Networks, Inc. (a)

3,169,589

97,243

QUALCOMM, Inc.

10,441,443

438,436

Common Stocks - continued

Shares

Value (000s)

INFORMATION TECHNOLOGY - continued

Communications Equipment - continued

Research In Motion Ltd. (a)

715,200

$ 52,889

ZTE Corp. (H Shares)

184,400

1,117

 

1,457,893

Computers & Peripherals - 7.4%

Apple, Inc. (a)

15,716,447

3,692,265

EMC Corp. (a)

4,217,400

76,082

Hewlett-Packard Co.

17,281,149

918,493

NetApp, Inc. (a)

4,469,600

145,530

Western Digital Corp. (a)

1,736,100

67,691

 

4,900,061

Electronic Equipment & Components - 1.4%

Agilent Technologies, Inc. (a)

2,327,000

80,026

Amphenol Corp. Class A (d)

9,140,312

385,630

BYD Co. Ltd. (H Shares) (a)(c)

23,423,500

233,353

Corning, Inc.

537,000

10,853

FLIR Systems, Inc. (a)

3,762,308

106,097

Ju Teng International Holdings Ltd.

1,258,000

1,215

Plexus Corp.

861,739

31,048

Prime View International Co. Ltd. (a)

13,126,000

23,777

Prime View International Co. Ltd. sponsored GDR (a)(e)

471,100

8,529

Sanmina-SCI Corp. (a)

404,000

6,666

Wasion Group Holdings Ltd.

44,962,000

31,850

 

919,044

Internet Software & Services - 7.1%

AOL, Inc. (a)

960,598

24,284

Baidu.com, Inc. sponsored ADR (a)

250,300

149,429

Constant Contact, Inc. (a)(c)(d)

1,477,546

34,309

eBay, Inc. (a)

1,086,600

29,284

Google, Inc. Class A (a)

6,521,048

3,697,500

IAC/InterActiveCorp (a)

357,684

8,134

LivePerson, Inc. (a)

1,335,065

10,240

LogMeIn, Inc.

687,949

14,234

Mercadolibre, Inc. (a)

224,500

10,823

NetEase.com, Inc. sponsored ADR (a)

2,061,700

73,128

Open Text Corp. (a)

239,500

11,422

Rackspace Hosting, Inc. (a)

519,869

9,737

Tencent Holdings Ltd.

23,206,000

465,659

Common Stocks - continued

Shares

Value (000s)

INFORMATION TECHNOLOGY - continued

Internet Software & Services - continued

VistaPrint Ltd. (a)

1,682,312

$ 96,312

WebMD Health Corp. (a)

1,230,204

57,057

 

4,691,552

IT Services - 3.9%

Accenture PLC Class A

10,235,100

429,362

CGI Group, Inc. Class A (sub. vtg.) (a)

919,800

13,768

Cognizant Technology Solutions Corp. Class A (a)

2,951,200

150,452

Fidelity National Information Services, Inc.

6,053,175

141,886

Fiserv, Inc. (a)

390,000

19,796

Hewitt Associates, Inc. Class A (a)

1,876,100

74,631

MasterCard, Inc. Class A

807,538

205,115

Redecard SA

2,248,300

41,585

Visa, Inc. Class A

16,607,893

1,511,816

Wipro Ltd. sponsored ADR (c)

294,100

6,855

 

2,595,266

Semiconductors & Semiconductor Equipment - 4.3%

Aixtron AG

454,500

16,345

Altera Corp.

9,531,300

231,706

ARM Holdings PLC sponsored ADR

2,805,900

29,995

ASML Holding NV (NY Shares)

2,457,500

86,996

Atheros Communications, Inc. (a)

745,703

28,866

Avago Technologies Ltd.

7,076,877

145,501

Broadcom Corp. Class A

7,245,300

240,399

Cavium Networks, Inc. (a)

943,024

23,444

Cirrus Logic, Inc. (a)

211,617

1,775

Cree, Inc. (a)

3,452,400

242,428

Intel Corp.

5,238,450

116,608

KLA-Tencor Corp.

409,500

12,662

Marvell Technology Group Ltd. (a)

20,139,923

410,452

MediaTek, Inc.

1,075,000

18,660

Micrel, Inc. (d)

3,873,641

41,293

Netlogic Microsystems, Inc. (a)(c)

1,924,076

56,626

NVIDIA Corp. (a)

14,947,656

259,790

Samsung Electronics Co. Ltd.

815,222

589,378

Skyworks Solutions, Inc. (a)(d)

11,883,358

185,380

Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR

9,710,380

101,862

Veeco Instruments, Inc. (a)(c)

1,108,100

48,202

Xilinx, Inc.

241,400

6,156

 

2,894,524

Common Stocks - continued

Shares

Value (000s)

INFORMATION TECHNOLOGY - continued

Software - 4.5%

Activision Blizzard, Inc.

10,926,064

$ 131,768

Adobe Systems, Inc. (a)

3,403,308

120,375

ANSYS, Inc. (a)

878,133

37,883

ArcSight, Inc. (a)

540,600

15,218

Ariba, Inc. (a)

1,397,200

17,954

AsiaInfo Holdings, Inc. (a)(d)

2,703,000

71,575

Blackboard, Inc. (a)

330,600

13,773

BMC Software, Inc. (a)

5,784,047

219,794

Check Point Software Technologies Ltd. (a)

7,185,200

251,913

Citrix Systems, Inc. (a)

6,565,400

311,660

CommVault Systems, Inc. (a)

818,781

17,481

Fortinet, Inc.

680,860

11,970

Informatica Corp. (a)

3,915,247

105,164

Intuit, Inc. (a)

774,900

26,610

Kingdee International Software Group Co. Ltd.

8,184,000

3,194

Longtop Financial Technologies Ltd. ADR (a)

875,000

28,184

McAfee, Inc. (a)

2,251,711

90,361

NCsoft Corp.

260,882

33,087

Oracle Corp.

31,792,100

816,739

Pegasystems, Inc.

1,191,826

44,098

Perfect World Co. Ltd. sponsored ADR Class B (a)

742,800

27,818

Red Hat, Inc. (a)

2,525,625

73,925

Rovi Corp. (a)

1,303,128

48,385

Salesforce.com, Inc. (a)

4,050,382

301,551

SolarWinds, Inc. (c)

2,016,500

43,677

Solera Holdings, Inc.

269,054

10,399

Sourcefire, Inc. (a)

719,575

16,514

SuccessFactors, Inc. (a)

879,444

16,745

Sybase, Inc. (a)

1,109,400

51,720

TIBCO Software, Inc. (a)

2,912,900

31,430

VanceInfo Technologies, Inc. ADR (a)

373,653

8,329

VMware, Inc. Class A (a)

276,700

14,748

 

3,014,042

TOTAL INFORMATION TECHNOLOGY

20,472,382

MATERIALS - 5.2%

Chemicals - 0.5%

Ecolab, Inc.

2,998,963

131,804

Huabao International Holdings Ltd.

108,843,000

130,792

Lubrizol Corp.

460,100

42,200

Common Stocks - continued

Shares

Value (000s)

MATERIALS - continued

Chemicals - continued

NewMarket Corp.

27,733

$ 2,856

STR Holdings, Inc.

506,596

11,905

 

319,557

Containers & Packaging - 0.0%

Rock-Tenn Co. Class A

170,500

7,770

Temple-Inland, Inc.

170,223

3,478

 

11,248

Metals & Mining - 4.7%

Alamos Gold, Inc.

528,700

7,065

AngloGold Ashanti Ltd. sponsored ADR

3,090,600

117,288

B2Gold Corp. (a)

11,985,837

15,226

B2Gold Corp. (a)(e)

5,850,000

7,431

BHP Billiton Ltd. sponsored ADR (c)

250,500

20,120

Eldorado Gold Corp. (a)

22,629,588

274,764

First Quantum Minerals Ltd.

259,600

21,364

Franco-Nevada Corp. (d)

8,046,100

215,910

Franco-Nevada Corp. (d)(e)

695,100

18,652

Franco-Nevada Corp. warrants 6/16/17 (a)(e)

347,550

2,498

Freeport-McMoRan Copper & Gold, Inc.

258,400

21,587

Goldcorp, Inc.

15,526,583

580,240

Ivanhoe Mines Ltd. (a)(d)

23,083,000

403,469

Kinross Gold Corp. (c)

19,722,879

337,357

New Gold, Inc. (a)

3,623,500

15,593

Newcrest Mining Ltd.

13,812,735

415,979

Northern Dynasty Minerals Ltd. (a)

407,600

3,885

Novagold Resources, Inc. (a)

188,800

1,350

POSCO sponsored ADR

55,500

6,494

Randgold Resources Ltd. sponsored ADR

4,563,812

350,638

Red Back Mining, Inc. (a)(d)

14,077,500

287,650

Red Back Mining, Inc. (a)(d)(e)

592,400

12,105

Seabridge Gold, Inc. (a)

430,300

10,482

Ventana Gold Corp. (a)

1,242,600

11,502

 

3,158,649

TOTAL MATERIALS

3,489,454

TELECOMMUNICATION SERVICES - 0.4%

Diversified Telecommunication Services - 0.1%

AboveNet, Inc. (a)

751,780

38,138

Common Stocks - continued

Shares

Value (000s)

TELECOMMUNICATION SERVICES - continued

Wireless Telecommunication Services - 0.3%

American Tower Corp. Class A (a)

1,953,200

$ 83,226

Clearwire Corp.:

rights 6/21/10 (a)

1,924,176

356

Class A (a)

1,924,176

13,758

Millicom International Cellular SA

245,700

21,904

NII Holdings, Inc. (a)

853,800

35,569

NTT DoCoMo, Inc.

8,401

12,785

Vivo Participacoes SA sponsored ADR

2,536,500

68,765

 

236,363

TOTAL TELECOMMUNICATION SERVICES

274,501

UTILITIES - 0.1%

Multi-Utilities - 0.1%

YTL Corp. Bhd

24,945,630

57,418

TOTAL COMMON STOCKS

(Cost $46,099,680)

63,633,276

Preferred Stocks - 0.1%

 

 

 

 

Convertible Preferred Stocks - 0.1%

FINANCIALS - 0.0%

Diversified Financial Services - 0.0%

Ning, Inc. Series D 8.00% (a)(h)

4,021,166

23,705

HEALTH CARE - 0.0%

Health Care Equipment & Supplies - 0.0%

superDimension Ltd. (a)(h)

698,064

8,028

Life Sciences Tools & Services - 0.0%

Fluidigm Corp. (a)

1,313,082

9,192

TOTAL HEALTH CARE

17,220

INFORMATION TECHNOLOGY - 0.1%

Internet Software & Services - 0.0%

Digg, Inc. Series C, 8.00% (a)(h)

410,013

3,075

Preferred Stocks - continued

Shares

Value (000s)

Convertible Preferred Stocks - continued

INFORMATION TECHNOLOGY - continued

Software - 0.1%

Trion World Network, Inc. 8.00% (a)(h)

3,950,196

$ 21,691

TOTAL INFORMATION TECHNOLOGY

24,766

TOTAL CONVERTIBLE PREFERRED STOCKS

65,691

Nonconvertible Preferred Stocks - 0.0%

TELECOMMUNICATION SERVICES - 0.0%

Diversified Telecommunication Services - 0.0%

Slide, Inc. Series D (a)(h)

6,861,467

8,508

TOTAL PREFERRED STOCKS

(Cost $118,998)

74,199

Nonconvertible Bonds - 0.1%

 

Principal Amount (000s)

 

CONSUMER DISCRETIONARY - 0.0%

Automobiles - 0.0%

Ford Motor Co.:

6.375% 2/1/29

$ 3,995

3,196

6.625% 10/1/28

8,510

7,106

7.45% 7/16/31

12,765

12,063

 

22,365

FINANCIALS - 0.1%

Diversified Financial Services - 0.1%

Ford Holdings LLC 9.3% 3/1/30

36,585

36,768

TOTAL NONCONVERTIBLE BONDS

(Cost $24,536)

59,133

Floating Rate Loans - 0.0%

 

Principal Amount (000s)

Value (000s)

CONSUMER DISCRETIONARY - 0.0%

Automobiles - 0.0%

Ford Motor Co. term loan 3.2584% 12/15/13 (f)

$ 34,855

$ 33,635

TOTAL FLOATING RATE LOANS

(Cost $31,093)

33,635

Money Market Funds - 5.0%

Shares

 

Fidelity Cash Central Fund, 0.19% (g)

2,699,018,705

2,699,019

Fidelity Securities Lending Cash Central Fund, 0.20% (b)(g)

603,232,936

603,233

TOTAL MONEY MARKET FUNDS

(Cost $3,302,252)

3,302,252

TOTAL INVESTMENT PORTFOLIO - 100.9%

(Cost $49,576,559)

67,102,495

NET OTHER ASSETS - (0.9)%

(620,046)

NET ASSETS - 100%

$ 66,482,449

Legend

(a) Non-income producing

(b) Investment made with cash collateral received from securities on loan.

(c) Security or a portion of the security is on loan at period end.

(d) Affiliated company

(e) 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 $85,194,000 or 0.1% of net assets.

(f) The coupon rate shown on floating or adjustable rate securities represents the rate at period end.

(g) Affiliated fund that is 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.

(h) Restricted securities - 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 $102,955,000 or 0.2% of net assets.

Additional information on each holding is as follows:

Security

Acquisition Date

Acquisition Cost (000s)

Digg, Inc.
Series C, 8.00%

9/23/08

$ 4,317

Ivanhoe Energy, Inc. warrants 1/26/11

1/20/10

$ 9,404

MannKind Corp. warrants 8/3/10

8/3/05

$ 8

Metro Bank PLC Class A

12/8/09

$ 13,307

Ning, Inc. Series D 8.00%

3/19/08

$ 28,751

Slide, Inc. Series D

1/14/08

$ 31,308

superDimension Ltd.

2/27/08 - 5/22/08

$ 14,960

The Weinstein Co. Holdings, LLC Class A-1

10/19/05

$ 41,234

Trion World Network, Inc. 8.00%

8/22/08

$ 21,691

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund

Income earned
(Amounts in thousands)

Fidelity Cash Central Fund

$ 1,181

Fidelity Securities Lending Cash Central Fund

3,672

Total

$ 4,853

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

(Amounts in thousands)

Value, beginning of period

Purchases

Sales Proceeds

Dividend Income

Value, end of period

Amphenol Corp.
Class A

$ 407,853

$ 12,875

$ -

$ 135

$ 385,630

AsiaInfo Holdings, Inc.

82,360

-

-

-

71,575

Birchcliff Energy Ltd.

84,025

5,948

-

-

85,835

Chipotle Mexican Grill, Inc.

222,182

38,384

-

-

326,880

Clean Energy Fuels Corp.

20,830

66,952

-

-

115,567

Constant Contact, Inc.

23,641

-

-

-

34,309

Diamond Foods, Inc.

-

40,039

-

-

44,466

Discovery Communications, Inc.

335,683

26,044

-

-

397,164

Dollar Tree, Inc.

188,877

26,419

-

-

260,112

Franco-Nevada Corp.

222,316

12,512

-

-

234,562

Ivanhoe Mines Ltd.

339,689

6,603

5,758

-

403,469

J. Crew Group, Inc.

282,965

-

-

-

290,302

MannKind Corp.

66,708

-

47,299

-

-

McAfee, Inc.

411,783

-

317,320

-

-

Medivation, Inc.

119,736

4,292

-

-

34,571

Metro Bank PLC
Class A

13,200

-

-

-

12,397

Mettler-Toledo International, Inc.

316,051

-

-

-

328,725

Micrel, Inc.

-

40,307

-

-

41,293

Noble Energy, Inc.

956,758

6,470

6,508

2,433

980,115

Northern Oil & Gas, Inc.

44,836

-

-

-

60,022

Quality Systems, Inc.

123,381

6,548

32,428

447

91,526

Red Back Mining, Inc.

209,441

-

-

-

299,755

Skyworks Solutions, Inc.

-

171,991

-

-

185,380

SmartHeat, Inc.

46,779

-

-

-

34,601

Targacept, Inc.

31,733

465

-

-

30,288

Tim Hortons, Inc.

339,156

-

-

1,387

362,278

TreeHouse Foods, Inc.

122,751

10,750

-

-

149,544

Zymogenetics, Inc.

6,390

22,661

-

-

27,372

Total

$ 5,019,124

$ 499,260

$ 409,313

$ 4,402

$ 5,287,738

Other Information

The following is a summary of the inputs used, as of March 31, 2010, involving the Fund's assets and liabilities carried at value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the tables below, please refer to the Investment Valuation section at the end of this listing.

Valuation Inputs at Reporting Date:

Description
(Amounts in thousands)

Total

Level 1

Level 2

Level 3

Investments in Securities:

Equities:

Consumer Discretionary

$ 11,190,891

$ 11,175,428

$ -

$ 15,463

Consumer Staples

5,308,218

5,308,218

-

-

Energy

4,626,473

4,616,441

-

10,032

Financials

7,802,448

7,764,022

2,324

36,102

Health Care

8,465,443

8,046,551

401,667

17,225

Industrials

1,986,973

1,986,973

-

-

Information Technology

20,497,148

20,472,382

-

24,766

Materials

3,489,454

3,489,454

-

-

Telecommunication Services

283,009

261,716

12,785

8,508

Utilities

57,418

57,418

-

-

Corporate Bonds

59,133

-

59,133

-

Floating Rate Loans

33,635

-

33,635

-

Money Market Funds

3,302,252

3,302,252

-

-

Total Investments in Securities:

$ 67,102,495

$ 66,480,855

$ 509,544

$ 112,096

The following is a reconciliation of Investments in Securities for which Level 3 inputs were used in determining value:

(Amounts in thousands)

 

Investments in Securities:

Beginning Balance

$ 102,862

Total Realized Gain (Loss)

-

Total Unrealized Gain (Loss)

(149)

Cost of Purchases

9,404

Proceeds of Sales

(21)

Amortization/Accretion

-

Transfers in to Level 3

-

Transfers out of Level 3

-

Ending Balance

$ 112,096

The change in unrealized gain (loss) for the period attributable to Level 3 securities held at March 31, 2010

$ (149)

The information used in the above reconciliation represents fiscal year to date activity for any Investments in Securities identified as using Level 3 inputs at either the beginning or the end of the current fiscal period. Transfers in or out of Level 3 represents the beginning value of any Security or Instrument where a change in the pricing level occurred from the beginning to the end of the period. The cost of purchases and the proceeds of sales may include securities received or delivered through corporate actions or exchanges.

Income Tax Information

At March 31, 2010, the cost of investment securities for income tax purposes was $49,896,859,000. Net unrealized appreciation aggregated $17,205,636,000, of which $17,901,071,000 related to appreciated investment securities and $695,435,000 related to depreciated investment securities.

Investment Valuation

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Fund uses independent pricing services approved by the Board of Trustees to value its investments. When current market prices or quotations are not readily available or reliable, valuations may be determined in good faith in accordance with procedures adopted by the Board of Trustees. Factors used in determining value may include market or security specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The value used for net asset value calculation under these procedures may differ from published prices for the same securities. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels. Level 1 - 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). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's 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 an independent 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 foreign equity securities, when significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts, futures contracts, Exchange-traded funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy.

Debt securities, including restricted securities, are valued based on evaluated prices received from independent pricing services or from dealers who make markets in such securities. For corporate bonds and floating rate loans, pricing services utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type as well as dealer supplied prices and are generally categorized as Level 2 in the hierarchy.

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy. Short-term securities with remaining maturities of sixty days or less for which quotations are not readily available are valued at amortized cost, which approximates value and are categorized as Level 2 in the hierarchy.

When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing matrices which consider similar factors that would be used by independent pricing services. These are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

For additional information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.

Quarterly 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.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.

Quarterly Report

Item 2. Controls and Procedures

(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Contrafund's (the "Trust") disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.

(a)(ii) There was no change in the Trust's internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the Trust's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Trust's internal control over financial reporting.

Item 3. Exhibits

Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Fidelity Contrafund

By:

/s/Kenneth B. Robins

 

Kenneth B. Robins

 

President and Treasurer

 

 

Date:

June 1, 2010

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:

/s/Kenneth B. Robins

 

Kenneth B. Robins

 

President and Treasurer

 

 

Date:

June 1, 2010

By:

/s/Christine Reynolds

 

Christine Reynolds

 

Chief Financial Officer

 

 

Date:

June 1, 2010