-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PdtQI85GHy6/LFTadWFb1v4tyqkB5z9JSoz58hLS0NYDkGvYbcUGxFisStflWJyL Deg5iknUvM7u+Wlnn7cYkg== 0000722574-09-000267.txt : 20091130 0000722574-09-000267.hdr.sgml : 20091130 20091130145352 ACCESSION NUMBER: 0000722574-09-000267 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090930 FILED AS OF DATE: 20091130 DATE AS OF CHANGE: 20091130 EFFECTIVENESS DATE: 20091130 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY CONTRAFUND CENTRAL INDEX KEY: 0000024238 IRS NUMBER: 046056833 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-01400 FILM NUMBER: 091211731 BUSINESS ADDRESS: STREET 1: FIDELITY INVESTMENTS COMPANY STREET 2: 82 DEVONSHIRE STREET CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: (617)439-1220 MAIL ADDRESS: STREET 1: 82 DEVONSHIRE STREET STREET 2: MAIL ZONE Z1C CITY: BOSTON STATE: MA ZIP: 02109 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY CONTRAFUND INC DATE OF NAME CHANGE: 19850618 FORMER COMPANY: FORMER CONFORMED NAME: CONTRAFUND INC DATE OF NAME CHANGE: 19810203 0000024238 S000006036 Fidelity Advisor New Insights Fund C000016596 Class A FNIAX C000016597 Class B FNIBX C000016598 Class C FNICX C000016599 Class T FNITX C000016600 Institutional Class FINSX 0000024238 S000006037 Fidelity Contrafund C000016601 Fidelity Contrafund FCNTX C000064233 Class K 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:

September 30, 2009

Item 1. Schedule of Investments

Quarterly Holdings Report

for

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

September 30, 2009 

1.808768.105

ANIF-QTLY-1109

Investments September 30, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 93.8%

Shares

Value (000s)

CONSUMER DISCRETIONARY - 14.1%

Auto Components - 0.0%

Johnson Controls, Inc.

52,300

$ 1,337

Automobiles - 0.5%

Dongfeng Motor Group Co. Ltd. (H Shares)

4,724,000

5,023

Geely Automobile Holdings Ltd.

45,380,000

12,355

Honda Motor Co. Ltd. sponsored ADR (d)

508,800

15,422

Toyota Motor Corp.

579,200

22,754

 

55,554

Diversified Consumer Services - 0.3%

Brinks Home Security Holdings, Inc. (a)

64,600

1,989

Strayer Education, Inc.

128,480

27,968

 

29,957

Hotels, Restaurants & Leisure - 3.5%

Aristocrat Leisure Ltd.

174,425

808

Buffalo Wild Wings, Inc. (a)

15,800

657

Cafe de Coral Holdings Ltd.

1,478,000

3,238

California Pizza Kitchen, Inc. (a)

86,200

1,346

Chipotle Mexican Grill, Inc.:

Class A (a)

251,800

24,437

Class B (a)

2,928

244

Little Sheep Group Ltd.

3,309,000

1,597

Marriott International, Inc. Class A

130,100

3,589

McDonald's Corp.

3,973,627

226,775

Melco PBL Entertainment (Macau) Ltd. sponsored ADR (a)

155,600

1,083

P.F. Chang's China Bistro, Inc. (a)(d)

85,700

2,911

Panera Bread Co. Class A (a)

133,000

7,315

Sodexo SA

207,500

12,431

Starbucks Corp. (a)

1,250,700

25,827

Starwood Hotels & Resorts Worldwide, Inc.

67,700

2,236

Tim Hortons, Inc.

1,804,400

51,065

WMS Industries, Inc. (a)

230,100

10,253

Yum! Brands, Inc.

302,300

10,206

 

386,018

Household Durables - 0.1%

Gafisa SA sponsored ADR (a)(d)

80,300

2,438

Garmin Ltd.

131,100

4,948

iRobot Corp. (a)

13,300

164

Mohawk Industries, Inc. (a)

43,100

2,055

 

9,605

Common Stocks - continued

Shares

Value (000s)

CONSUMER DISCRETIONARY - continued

Internet & Catalog Retail - 1.4%

Amazon.com, Inc. (a)

1,160,300

$ 108,326

dELiA*s, Inc. (a)

76,912

165

Expedia, Inc. (a)

231,900

5,554

Liberty Media Corp. Interactive Series A (a)

894,800

9,816

Netflix, Inc. (a)

105,736

4,882

Priceline.com, Inc. (a)(d)

172,000

28,521

 

157,264

Leisure Equipment & Products - 0.0%

Sport Supply Group, Inc.

117,500

1,197

Media - 3.0%

CKX, Inc. (a)

285,693

1,917

Discovery Communications, Inc. (a)

1,968,800

56,879

DreamWorks Animation SKG, Inc. Class A (a)

169,224

6,019

Liberty Global, Inc. Class A (a)

78,700

1,776

Liberty Media Corp. Entertainment Series A (a)

1,281,700

39,874

Marvel Entertainment, Inc. (a)

263,400

13,070

Naspers Ltd. Class N

370,600

12,665

Pearson PLC

93,300

1,150

Scripps Networks Interactive, Inc. Class A

646,400

23,884

The DIRECTV Group, Inc. (a)(d)

999,800

27,574

The Walt Disney Co.

5,320,200

146,093

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

2,267

850

 

331,751

Multiline Retail - 0.6%

99 Cents Only Stores (a)

218,900

2,944

Dollar Tree, Inc. (a)

661,100

32,182

Family Dollar Stores, Inc.

359,900

9,501

Golden Eagle Retail Group Ltd. (H Shares)

843,000

1,414

Mothercare PLC

164,933

1,486

NEXT PLC

230,000

6,588

Parkson Retail Group Ltd.

5,148,500

7,626

 

61,741

Specialty Retail - 2.9%

Advance Auto Parts, Inc.

687,800

27,017

Aeropostale, Inc. (a)

204,400

8,885

AutoZone, Inc. (a)

55,000

8,042

Bed Bath & Beyond, Inc. (a)

186,000

6,982

Belle International Holdings Ltd.

3,498,000

3,593

Best Buy Co., Inc.

356,100

13,361

Fourlis Holdings SA

527,400

8,289

Common Stocks - continued

Shares

Value (000s)

CONSUMER DISCRETIONARY - continued

Specialty Retail - continued

Gymboree Corp. (a)

119,500

$ 5,781

H&M Hennes & Mauritz AB (B Shares)

63,689

3,577

Home Depot, Inc.

153,800

4,097

Inditex SA

178,725

10,255

J. Crew Group, Inc. (a)

1,016,715

36,419

Lumber Liquidators, Inc. (a)(d)

184,700

4,006

O'Reilly Automotive, Inc. (a)

280,900

10,152

Penske Automotive Group, Inc.

67,300

1,291

Ross Stores, Inc.

503,173

24,037

Staples, Inc.

364,700

8,468

TJX Companies, Inc.

3,296,100

122,450

Urban Outfitters, Inc. (a)

478,000

14,421

 

321,123

Textiles, Apparel & Luxury Goods - 1.8%

Burberry Group PLC

297,100

2,391

China Dongxiang Group Co. Ltd.

4,722,000

3,150

China Hongxing Sports Ltd.

6,000,000

894

Coach, Inc.

651,600

21,451

Li Ning Co. Ltd.

1,127,500

3,470

NIKE, Inc. Class B

2,404,900

155,597

Polo Ralph Lauren Corp. Class A

201,300

15,424

Shenzhou International Group Holdings Ltd.

547,000

549

 

202,926

TOTAL CONSUMER DISCRETIONARY

1,558,473

CONSUMER STAPLES - 8.1%

Beverages - 2.7%

Anheuser-Busch InBev SA NV

145,285

6,634

Companhia de Bebidas das Americas (AmBev) (PN)
sponsored ADR

31,100

2,558

Diageo PLC sponsored ADR

294,900

18,133

PepsiCo, Inc.

106,200

6,230

The Coca-Cola Co.

4,824,800

259,092

Tsingtao Brewery Co. Ltd. (H Shares)

1,844,000

6,972

 

299,619

Food & Staples Retailing - 0.8%

Costco Wholesale Corp.

469,500

26,508

Susser Holdings Corp. (a)

127,262

1,600

Tesco PLC

7,996,341

51,074

Common Stocks - continued

Shares

Value (000s)

CONSUMER STAPLES - continued

Food & Staples Retailing - continued

Wal-Mart Stores, Inc.

176,300

$ 8,655

Wm Morrison Supermarkets PLC

1,062,566

4,710

 

92,547

Food Products - 1.8%

Brasil Foods SA sponsored ADR (d)

45,900

2,444

Cadbury PLC

931,800

11,960

Campbell Soup Co.

195,800

6,387

Danone

264,285

15,925

General Mills, Inc.

636,000

40,946

Green Mountain Coffee Roasters, Inc. (a)

2,700

199

H.J. Heinz Co.

42,800

1,701

Kellogg Co.

438,600

21,592

Kraft Foods, Inc. Class A

425,900

11,188

Nestle SA (Reg.)

703,112

29,960

Ralcorp Holdings, Inc. (a)

288,600

16,874

Smart Balance, Inc. (a)

875,000

5,373

Tingyi (Cayman Island) Holding Corp.

1,368,000

2,824

TreeHouse Foods, Inc. (a)

505,593

18,035

Want Want China Holdings Ltd.

17,803,000

10,475

 

195,883

Household Products - 2.7%

Colgate-Palmolive Co.

1,765,600

134,680

Mcbride PLC

126,500

387

Procter & Gamble Co.

2,817,567

163,193

 

298,260

Personal Products - 0.1%

Hengan International Group Co. Ltd.

948,000

5,731

Tobacco - 0.0%

Philip Morris International, Inc.

59,000

2,876

TOTAL CONSUMER STAPLES

894,916

ENERGY - 7.0%

Energy Equipment & Services - 1.0%

Noble Corp.

30,300

1,150

Schlumberger Ltd.

1,900,500

113,270

Transocean Ltd. (a)

12,900

1,103

 

115,523

Common Stocks - continued

Shares

Value (000s)

ENERGY - continued

Oil, Gas & Consumable Fuels - 6.0%

Anadarko Petroleum Corp.

277,600

$ 17,414

Apache Corp.

113,800

10,450

Birchcliff Energy Ltd. (a)

1,487,700

11,465

Canadian Natural Resources Ltd.

725,700

49,013

Chesapeake Energy Corp.

576,599

16,375

CNPC (Hong Kong) Ltd.

3,220,000

2,551

Concho Resources, Inc. (a)

152,800

5,550

Crescent Point Energy Corp.

124,300

4,203

Crescent Point Energy Corp. (e)

64,900

2,195

EnCana Corp.

1,315,300

76,178

EOG Resources, Inc.

412,400

34,440

EXCO Resources, Inc. (a)

8,800

164

Exxon Mobil Corp.

949,802

65,166

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

2,750,000

5,500

GoviEx IP Holdings, Inc. (a)(g)

2,750,000

0*

Ivanhoe Energy, Inc. (a)

2,114,400

4,879

Newfield Exploration Co. (a)

25,400

1,081

Noble Energy, Inc.

2,397,100

158,113

Occidental Petroleum Corp.

1,003,400

78,667

Petrobank Energy & Resources Ltd. (a)

159,900

6,610

Petrohawk Energy Corp. (a)

348,000

8,425

Petroleo Brasileiro SA - Petrobras sponsored ADR

103,700

4,760

Petroplus Holdings AG

646,177

16,299

Range Resources Corp.

662,300

32,691

Reliance Industries Ltd. (a)

250,496

11,553

Southwestern Energy Co. (a)

629,700

26,876

TriStar Oil & Gas Ltd. (a)

544,600

7,962

Ultra Petroleum Corp. (a)

93,600

4,583

 

663,163

TOTAL ENERGY

778,686

FINANCIALS - 13.2%

Capital Markets - 1.6%

BlackRock, Inc. Class A

15,300

3,317

Broadpoint Gleacher Securities Group, Inc. (a)

465,000

3,878

Charles Schwab Corp.

1,894,100

36,272

Franklin Resources, Inc.

239,400

24,084

Goldman Sachs Group, Inc.

457,500

84,340

Northern Trust Corp.

32,000

1,861

Common Stocks - continued

Shares

Value (000s)

FINANCIALS - continued

Capital Markets - continued

T. Rowe Price Group, Inc.

581,600

$ 26,579

UBS AG (NY Shares) (a)

115,400

2,113

 

182,444

Commercial Banks - 4.4%

Banco Bradesco SA (PN) sponsored ADR

62,600

1,245

Banco do Brasil SA

300,800

5,331

Center Financial Corp., California

50,000

191

China Citic Bank Corp. Ltd. Class H

1,655,000

1,091

China Merchants Bank Co. Ltd. (H Shares)

461,000

1,028

HDFC Bank Ltd. sponsored ADR

57,600

6,818

Industrial & Commercial Bank of China Ltd.

8,445,000

6,364

Itau Unibanco Banco Multiplo SA ADR

406,970

8,200

PT Bank Central Asia Tbk

2,333,500

1,119

Royal Bank of Canada

84,700

4,553

Standard Chartered PLC (United Kingdom)

2,487,000

61,298

Wells Fargo & Co.

13,703,685

386,170

 

483,408

Consumer Finance - 0.2%

American Express Co.

783,600

26,564

Diversified Financial Services - 2.1%

BM&F BOVESPA SA

323,300

2,389

CME Group, Inc.

7,300

2,250

Gimv NV

18,400

988

Hong Kong Exchange & Clearing Ltd.

841,500

15,256

IntercontinentalExchange, Inc. (a)

34,500

3,353

JPMorgan Chase & Co.

4,734,319

207,458

MSCI, Inc. Class A (a)

77,500

2,296

 

233,990

Insurance - 4.7%

ACE Ltd.

515,900

27,580

Admiral Group PLC

837,500

15,488

Axis Capital Holdings Ltd.

120,600

3,640

Berkshire Hathaway, Inc. Class A (a)

3,493

352,793

China Life Insurance Co. Ltd. ADR (d)

14,300

940

eHealth, Inc. (a)

26,000

378

Endurance Specialty Holdings Ltd.

2,200

80

Fairfax Financial Holdings Ltd. (sub. vtg.)

48,300

17,945

The Chubb Corp.

1,103,100

55,607

Common Stocks - continued

Shares

Value (000s)

FINANCIALS - continued

Insurance - continued

The Travelers Companies, Inc.

716,400

$ 35,268

W.R. Berkley Corp.

193,600

4,894

 

514,613

Real Estate Investment Trusts - 0.1%

Simon Property Group, Inc.

78,290

5,436

Starwood Property Trust, Inc.

206,900

4,190

 

9,626

Real Estate Management & Development - 0.1%

China Overseas Land & Investment Ltd.

1,560,000

3,374

Swire Pacific Ltd. (A Shares)

43,000

505

Wharf Holdings Ltd.

387,000

2,055

 

5,934

Thrifts & Mortgage Finance - 0.0%

Hudson City Bancorp, Inc.

236,300

3,107

TOTAL FINANCIALS

1,459,686

HEALTH CARE - 14.5%

Biotechnology - 4.0%

Actelion Ltd. (Reg.) (a)

296,029

18,381

Alexion Pharmaceuticals, Inc. (a)

394,900

17,589

Allos Therapeutics, Inc. (a)

130,200

944

Amgen, Inc. (a)

784,000

47,220

Anadys Pharmaceuticals, Inc. (a)

840,377

2,210

Biogen Idec, Inc. (a)

31,000

1,566

Celgene Corp. (a)

998,200

55,799

CSL Ltd.

59,684

1,762

Cubist Pharmaceuticals, Inc. (a)

154,782

3,127

Dendreon Corp. (a)

83,300

2,332

Gilead Sciences, Inc. (a)

4,383,800

204,197

Human Genome Sciences, Inc. (a)

626,300

11,787

ImmunoGen, Inc. (a)

274,419

2,226

MannKind Corp. (a)

578,927

5,702

MannKind Corp. (a)

149,406

1,472

MannKind Corp. warrants 8/3/10 (a)(g)

29,881

49

Medivation, Inc. (a)(d)

697,400

18,927

Micromet, Inc. (a)

467,100

3,111

Myriad Genetics, Inc. (a)

349,900

9,587

OREXIGEN Therapeutics, Inc. (a)

121,500

1,197

RXi Pharmaceuticals Corp. (a)(d)

571,429

1,400

Common Stocks - continued

Shares

Value (000s)

HEALTH CARE - continued

Biotechnology - continued

RXi Pharmaceuticals Corp. warrants 2/4/10 (a)

228,571

$ 310

Seattle Genetics, Inc. (a)

302,000

4,237

Targacept, Inc. (a)

1,030,600

22,024

Vanda Pharmaceuticals, Inc. (a)

92,500

1,077

Vertex Pharmaceuticals, Inc. (a)

59,900

2,270

 

440,503

Health Care Equipment & Supplies - 2.6%

Alcon, Inc.

302,500

41,948

Baxter International, Inc.

561,000

31,983

Beckman Coulter, Inc.

87,400

6,025

Becton, Dickinson & Co.

370,200

25,821

Boston Scientific Corp. (a)

189,700

2,009

C. R. Bard, Inc.

300,199

23,599

Covidien PLC

1,473,666

63,751

DENTSPLY International, Inc.

859,617

29,691

Edwards Lifesciences Corp. (a)

356,400

24,916

ev3, Inc. (a)

206,700

2,544

ICU Medical, Inc. (a)

227,400

8,382

Inverness Medical Innovations, Inc. (a)

194,800

7,545

Mindray Medical International Ltd. sponsored ADR (d)

34,100

1,113

NuVasive, Inc. (a)

199,400

8,327

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

2,764,000

9,130

St. Jude Medical, Inc. (a)

40,800

1,592

Thoratec Corp. (a)

102,800

3,112

 

291,488

Health Care Providers & Services - 1.5%

Emergency Medical Services Corp. Class A (a)

157,100

7,305

Express Scripts, Inc. (a)

562,400

43,631

Henry Schein, Inc. (a)

161,300

8,857

HMS Holdings Corp. (a)

51,400

1,965

Medco Health Solutions, Inc. (a)

1,859,500

102,849

Sinopharm Group Co. Ltd. Class H

112,400

285

 

164,892

Health Care Technology - 0.5%

Cerner Corp. (a)

331,300

24,781

HLTH Corp. (a)

435,500

6,363

MedAssets, Inc. (a)

112,900

2,548

Quality Systems, Inc.

337,900

20,805

 

54,497

Common Stocks - continued

Shares

Value (000s)

HEALTH CARE - continued

Life Sciences Tools & Services - 1.3%

Fluidigm Corp. warrants 9/10/10 (a)

1

$ 0

Illumina, Inc. (a)

471,100

20,022

Life Technologies Corp. (a)

283,900

13,216

Mettler-Toledo International, Inc. (a)

576,500

52,225

QIAGEN NV (a)

440,800

9,380

Techne Corp.

65,200

4,078

Thermo Fisher Scientific, Inc. (a)

113,800

4,970

Waters Corp. (a)

670,300

37,443

 

141,334

Pharmaceuticals - 4.6%

Abbott Laboratories

3,155,000

156,078

Allergan, Inc.

194,100

11,017

Ardea Biosciences, Inc. (a)

119,501

2,189

AstraZeneca PLC (United Kingdom)

1,203,159

53,966

Bristol-Myers Squibb Co.

839,700

18,910

Forest Laboratories, Inc. (a)

501,200

14,755

Johnson & Johnson

2,291,000

139,499

MAP Pharmaceuticals, Inc. (a)

565,300

5,913

Merck & Co., Inc.

62,200

1,967

Novo Nordisk AS Series B

450,333

28,195

Optimer Pharmaceuticals, Inc. (a)

215,900

2,921

Pronova BioPharma ASA (a)

784,000

2,375

Roche Holding AG (participation certificate)

72,998

11,798

Shionogi & Co. Ltd.

108,000

2,555

Teva Pharmaceutical Industries Ltd. sponsored ADR

893,500

45,175

Valeant Pharmaceuticals International (a)(d)

198,400

5,567

 

502,880

TOTAL HEALTH CARE

1,595,594

INDUSTRIALS - 2.7%

Aerospace & Defense - 0.2%

AeroVironment, Inc. (a)

39,500

1,110

Precision Castparts Corp.

80,500

8,201

Raytheon Co.

21,100

1,012

United Technologies Corp.

164,900

10,047

 

20,370

Air Freight & Logistics - 0.7%

C.H. Robinson Worldwide, Inc.

1,433,472

82,783

Common Stocks - continued

Shares

Value (000s)

INDUSTRIALS - continued

Airlines - 0.1%

Ryanair Holdings PLC sponsored ADR (a)

474,700

$ 13,785

Building Products - 0.0%

Armstrong World Industries, Inc. (a)

12,016

414

Commercial Services & Supplies - 0.1%

APAC Customer Services, Inc. (a)(d)

2,035,044

12,027

Fuel Tech, Inc. (a)

21,100

236

Ritchie Brothers Auctioneers, Inc. (d)

3,700

91

 

12,354

Construction & Engineering - 0.3%

AECOM Technology Corp. (a)

179,400

4,869

Jacobs Engineering Group, Inc. (a)

502,400

23,085

URS Corp. (a)

18,700

816

 

28,770

Electrical Equipment - 0.2%

A123 Systems, Inc.

43,400

925

American Superconductor Corp. (a)(d)

171,200

5,742

China High Speed Transmission Equipment Group Co. Ltd.

2,709,000

5,558

Cooper Industries PLC Class A

361,245

13,572

Roper Industries, Inc.

20,100

1,025

 

26,822

Industrial Conglomerates - 0.0%

Beijing Enterprises Holdings Ltd.

391,500

2,074

Carlisle Companies, Inc.

32,100

1,089

 

3,163

Machinery - 0.8%

China Automation Group Ltd.

5,128,000

2,647

Danaher Corp.

806,077

54,265

Flowserve Corp.

11,600

1,143

Oshkosh Co.

30,600

946

PACCAR, Inc.

471,123

17,766

SmartHeat, Inc. (a)(d)

586,400

6,961

 

83,728

Professional Services - 0.2%

Experian PLC

375,500

3,160

IHS, Inc. Class A (a)

21,300

1,089

Robert Half International, Inc.

332,500

8,319

Seek Ltd.

1,000,000

4,861

 

17,429

Common Stocks - continued

Shares

Value (000s)

INDUSTRIALS - continued

Road & Rail - 0.1%

Canadian National Railway Co.

143,200

$ 7,054

Knight Transportation, Inc.

38,000

638

 

7,692

Trading Companies & Distributors - 0.0%

Fastenal Co. (d)

56,400

2,183

W.W. Grainger, Inc.

34,100

3,047

 

5,230

TOTAL INDUSTRIALS

302,540

INFORMATION TECHNOLOGY - 28.2%

Communications Equipment - 2.6%

Aruba Networks, Inc. (a)

128,600

1,137

BYD Electronic International Co. Ltd. (a)

12,733,500

7,114

Cisco Systems, Inc. (a)

3,384,500

79,671

F5 Networks, Inc. (a)

27,900

1,106

Juniper Networks, Inc. (a)

114,700

3,099

Palm, Inc. (a)

62,700

1,093

QUALCOMM, Inc.

3,368,600

151,520

Research In Motion Ltd. (a)

550,100

37,159

Starent Networks Corp. (a)

295,400

7,509

 

289,408

Computers & Peripherals - 6.6%

Apple, Inc. (a)

2,917,453

540,804

Dell, Inc. (a)

1,486,100

22,678

Hewlett-Packard Co.

2,949,600

139,251

NetApp, Inc. (a)

718,800

19,178

STEC, Inc. (a)(d)

252,700

7,427

 

729,338

Electronic Equipment & Components - 1.1%

Agilent Technologies, Inc. (a)

263,900

7,344

Amphenol Corp. Class A

1,192,740

44,942

BYD Co. Ltd. (H Shares) (a)

4,193,690

34,551

Corning, Inc.

139,000

2,128

Digital Ally, Inc. (a)(d)

717,675

1,787

FLIR Systems, Inc. (a)

928,900

25,981

Wasion Group Holdings Ltd.

2,902,000

2,565

 

119,298

Common Stocks - continued

Shares

Value (000s)

INFORMATION TECHNOLOGY - continued

Internet Software & Services - 7.0%

Baidu.com, Inc. sponsored ADR (a)

66,400

$ 25,966

Constant Contact, Inc. (a)

199,000

3,831

eBay, Inc. (a)

851,400

20,102

Google, Inc. Class A (a)

1,086,882

538,930

NetEase.com, Inc. sponsored ADR (a)(d)

864,900

39,509

NHN Corp. (a)

14,939

2,205

Open Text Corp. (a)

264,500

9,910

Sohu.com, Inc. (a)(d)

631,700

43,448

Tencent Holdings Ltd.

4,503,600

73,278

VistaPrint Ltd. (a)

187,700

9,526

WebMD Health Corp. Class A (a)

36,500

1,209

 

767,914

IT Services - 3.6%

Accenture PLC Class A

1,780,200

66,348

Cognizant Technology Solutions Corp. Class A (a)

243,600

9,418

CyberSource Corp. (a)

313,939

5,233

Fidelity National Information Services, Inc.

519,600

13,255

Fiserv, Inc. (a)

46,700

2,251

Global Payments, Inc.

14,300

668

Hewitt Associates, Inc. Class A (a)

240,800

8,772

MasterCard, Inc. Class A

146,900

29,696

Metavante Technologies, Inc. (a)

408,000

14,068

Redecard SA

413,200

6,390

The Western Union Co.

238,000

4,503

VeriFone Holdings, Inc. (a)

92,000

1,462

Visa, Inc. Class A

3,475,600

240,199

 

402,263

Semiconductors & Semiconductor Equipment - 2.5%

Altera Corp.

481,200

9,869

ARM Holdings PLC sponsored ADR

156,700

1,097

ASML Holding NV (NY Shares)

110,300

3,262

Atheros Communications, Inc. (a)

28,983

769

Avago Technologies Ltd.

270,800

4,623

Broadcom Corp. Class A (a)

1,085,000

33,299

Cavium Networks, Inc. (a)

44,100

947

Cree, Inc. (a)

494,400

18,169

Cymer, Inc. (a)

131,000

5,091

Intel Corp.

159,000

3,112

KLA-Tencor Corp.

212,300

7,613

Marvell Technology Group Ltd. (a)

2,203,400

35,673

Common Stocks - continued

Shares

Value (000s)

INFORMATION TECHNOLOGY - continued

Semiconductors & Semiconductor Equipment - continued

MediaTek, Inc.

135,000

$ 2,250

NVIDIA Corp. (a)

1,384,600

20,811

ON Semiconductor Corp. (a)

488,000

4,026

Samsung Electronics Co. Ltd.

136,135

94,375

Silicon Motion Technology Corp. sponsored ADR (a)(d)

168,600

671

Skyworks Solutions, Inc. (a)

75,900

1,005

Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR

2,717,746

29,786

 

276,448

Software - 4.8%

Activision Blizzard, Inc. (a)

4,911,400

60,852

Adobe Systems, Inc. (a)

1,303,806

43,078

ANSYS, Inc. (a)

165,000

6,183

ArcSight, Inc. (a)

314,239

7,564

AsiaInfo Holdings, Inc. (a)

576,000

11,503

Autonomy Corp. PLC (a)

100,135

2,607

Blackboard, Inc. (a)

7,700

291

BMC Software, Inc. (a)

990,400

37,170

Check Point Software Technologies Ltd. (a)

678,400

19,233

Citrix Systems, Inc. (a)

405,100

15,892

GSE Systems, Inc. (a)

500,000

3,110

Informatica Corp. (a)

407,600

9,204

Longtop Financial Technologies Ltd. ADR (a)

39,600

1,127

McAfee, Inc. (a)

1,928,400

84,445

NCsoft Corp.

16,520

2,375

Oracle Corp.

5,161,750

107,571

Pegasystems, Inc.

160,900

5,556

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

102,900

4,949

Quest Software, Inc. (a)

62,000

1,045

Red Hat, Inc. (a)

451,300

12,474

Rovi Corp. (a)

161,500

5,426

Salesforce.com, Inc. (a)

523,700

29,814

Shanda Interactive Entertainment Ltd. sponsored ADR (a)

417,500

21,376

SolarWinds, Inc.

115,600

2,547

Solera Holdings, Inc.

22,800

709

Sourcefire, Inc. (a)

643,140

13,808

Sybase, Inc. (a)

55,600

2,163

Synopsys, Inc. (a)

29,400

659

Taleo Corp. Class A (a)

142,400

3,224

TIBCO Software, Inc. (a)

477,700

4,533

Common Stocks - continued

Shares

Value (000s)

INFORMATION TECHNOLOGY - continued

Software - continued

VanceInfo Technologies, Inc. ADR (a)

274,900

$ 5,344

VMware, Inc. Class A (a)

56,300

2,262

 

528,094

TOTAL INFORMATION TECHNOLOGY

3,112,763

MATERIALS - 5.3%

Chemicals - 0.5%

Airgas, Inc.

41,100

1,988

Ecolab, Inc.

835,300

38,616

Huabao International Holdings Ltd.

5,457,000

5,851

Lubrizol Corp.

45,900

3,280

Monsanto Co.

29,300

2,268

Valspar Corp.

30,300

834

 

52,837

Construction Materials - 0.1%

Cemex SA de CV sponsored ADR

459,800

5,941

Martin Marietta Materials, Inc.

11,700

1,077

 

7,018

Containers & Packaging - 0.1%

Owens-Illinois, Inc. (a)

28,300

1,044

Rock-Tenn Co. Class A

64,900

3,057

Temple-Inland, Inc.

313,100

5,141

 

9,242

Metals & Mining - 4.6%

Agnico-Eagle Mines Ltd. (Canada)

64,100

4,336

AngloGold Ashanti Ltd. sponsored ADR

466,600

19,019

B2Gold Corp. (a)

1,404,000

1,010

B2Gold Corp. (a)(e)

500,000

360

BHP Billiton Ltd. sponsored ADR (d)

197,400

13,030

Eldorado Gold Corp. (a)

3,079,500

34,981

Franco-Nevada Corp.

1,390,300

36,482

Franco-Nevada Corp. (e)

126,300

3,314

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

63,150

369

Freeport-McMoRan Copper & Gold, Inc.

167,100

11,465

Goldcorp, Inc.

2,346,401

94,207

IAMGOLD Corp.

230,300

3,255

Ivanhoe Mines Ltd. (a)

4,112,900

52,866

Kinross Gold Corp.

3,906,176

85,129

Common Stocks - continued

Shares

Value (000s)

MATERIALS - continued

Metals & Mining - continued

Moto Goldmines Ltd. (a)

218,700

$ 1,060

New Gold, Inc. (a)

172,600

659

Newcrest Mining Ltd.

2,379,309

66,959

Randgold Resources Ltd. sponsored ADR

742,480

51,885

Red Back Mining, Inc. (a)

1,946,404

21,873

Red Back Mining, Inc. (a)(e)

98,900

1,111

Seabridge Gold, Inc. (a)

96,300

2,754

Teck Resources Ltd. Class B (sub. vtg.) (a)

47,407

1,306

US Gold Corp. (a)

194,800

563

 

507,993

Paper & Forest Products - 0.0%

Votorantim Celulose e Papel SA sponsored ADR (a)

361,907

5,939

TOTAL MATERIALS

583,029

TELECOMMUNICATION SERVICES - 0.6%

Diversified Telecommunication Services - 0.1%

Clearwire Corp. Class A (a)

192,100

1,562

Iliad Group SA

10,223

1,152

Neutral Tandem, Inc. (a)

223,100

5,078

Nippon Telegraph & Telephone Corp.

138,400

6,388

 

14,180

Wireless Telecommunication Services - 0.5%

American Tower Corp. Class A (a)

170,300

6,199

Bharti Airtel Ltd.

2,478,406

21,742

Idea Cellular Ltd. (a)

444,807

701

MTN Group Ltd.

370,000

6,018

NTT DoCoMo, Inc.

2,849

4,538

Sprint Nextel Corp. (a)

1,406,902

5,557

Vivo Participacoes SA sponsored ADR

136,300

3,442

Vodafone Group PLC sponsored ADR

88,100

1,982

 

50,179

TOTAL TELECOMMUNICATION SERVICES

64,359

UTILITIES - 0.1%

Multi-Utilities - 0.1%

YTL Corp. Bhd

3,794,910

7,840

Common Stocks - continued

Shares

Value (000s)

UTILITIES - continued

Water Utilities - 0.0%

YTL Power International Bhd

3,555

$ 2

TOTAL UTILITIES

7,842

TOTAL COMMON STOCKS

(Cost $9,087,471)

10,357,888

Preferred Stocks - 0.2%

 

 

 

 

Convertible Preferred Stocks - 0.2%

FINANCIALS - 0.0%

Diversified Financial Services - 0.0%

Ning, Inc. Series D 8.00% (a)(g)

541,260

3,191

HEALTH CARE - 0.1%

Biotechnology - 0.1%

Light Sciences Oncology, Inc. (a)(g)

463,700

1,855

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

1,792,115

7,168

 

9,023

Health Care Equipment & Supplies - 0.0%

superDimension Ltd. (a)(g)

91,600

1,053

Life Sciences Tools & Services - 0.0%

Fluidigm Corp. (a)

137,477

962

TOTAL HEALTH CARE

11,038

INFORMATION TECHNOLOGY - 0.1%

Internet Software & Services - 0.0%

Digg, Inc. Series C, 8.00% (a)(g)

64,821

486

Software - 0.1%

Trion World Network, Inc. 8.00% (g)

602,295

3,307

TOTAL INFORMATION TECHNOLOGY

3,793

TOTAL CONVERTIBLE PREFERRED STOCKS

18,022

Preferred Stocks - continued

Shares

Value (000s)

Nonconvertible Preferred Stocks - 0.0%

TELECOMMUNICATION SERVICES - 0.0%

Diversified Telecommunication Services - 0.0%

Slide, Inc. Series D (a)(g)

809,262

$ 1,003

TOTAL PREFERRED STOCKS

(Cost $34,322)

19,025

Corporate Bonds - 0.1%

 

Principal Amount (000s)

 

Convertible Bonds - 0.0%

HEALTH CARE - 0.0%

Life Sciences Tools & Services - 0.0%

Fluidigm Corp. 12.6825% 12/31/09 (c)

$ 87

87

Nonconvertible Bonds - 0.1%

CONSUMER DISCRETIONARY - 0.0%

Automobiles - 0.0%

Ford Motor Co.:

6.375% 2/1/29

700

515

6.625% 10/1/28

1,490

1,058

7.45% 7/16/31

2,235

1,810

 

3,383

FINANCIALS - 0.1%

Diversified Financial Services - 0.1%

Ford Holdings LLC 9.3% 3/1/30

6,415

5,244

TOTAL NONCONVERTIBLE BONDS

8,627

TOTAL CORPORATE BONDS

(Cost $4,374)

8,714

Money Market Funds - 7.6%

Shares

Value (000s)

Fidelity Cash Central Fund, 0.25% (f)

656,319,651

$ 656,320

Fidelity Securities Lending Cash Central Fund, 0.19% (b)(f)

177,565,225

177,565

TOTAL MONEY MARKET FUNDS

(Cost $833,885)

833,885

TOTAL INVESTMENT PORTFOLIO - 101.7%

(Cost $9,960,052)

11,219,512

NET OTHER ASSETS - (1.7)%

(182,504)

NET ASSETS - 100%

$ 11,037,008

Legend

(a) Non-income producing

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

(c) Security initially issued at one coupon which converts to a higher coupon at a specified date. The rate shown is the rate at period end.

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

(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 $7,349,000 or 0.1% of net assets.

(f) 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.

(g) 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 $24,464,000 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

GoviEx IP Holdings, Inc.

7/28/08

$ 0*

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

* Amount represents less than $1,000.

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

$ 3,364

Fidelity Securities Lending Cash Central Fund

1,449

Total

$ 4,813

Other Information

The following is a summary of the inputs used, as of September 30, 2009, 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

$ 1,558,473

$ 1,534,869

$ 22,754

$ 850

Consumer Staples

894,916

894,916

-

-

Energy

778,686

773,186

-

5,500

Financials

1,462,877

1,459,686

-

3,191

Health Care

1,606,632

1,538,714

56,880

11,038

Industrials

302,540

302,540

-

-

Information Technology

3,116,556

3,112,763

-

3,793

Materials

583,029

583,029

-

-

Telecommunication Services

65,362

47,415

16,944

1,003

Utilities

7,842

7,842

-

-

Corporate Bonds

8,714

-

8,627

87

Money Market Funds

833,885

833,885

-

-

Total Investments in Securities:

$ 11,219,512

$ 11,088,845

$ 105,205

$ 25,462

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

$ 67,974

Total Realized Gain (Loss)

(16,265)

Total Unrealized Gain (Loss)

(8,211)

Cost of Purchases

87

Proceeds of Sales

(11,735)

Amortization/Accretion

-

Transfers in/out of Level 3

(6,388)

Ending Balance

$ 25,462

The change in unrealized gain (loss) attributable to Level 3 securities at September 30, 2009

$ (5,859)

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 either the beginning value (for transfers in), or the ending value (for transfers out) of any Security or Instrument where a change in the pricing level occurred from the beginning to the end of the period. Realized and unrealized gains (losses) disclosed in the reconciliation are included in Net Gain (Loss) on the Fund's Statement of Operations.

Income Tax Information

At September 30, 2009, the aggregate cost of investment securities for income tax purposes was $10,102,508,000. Net unrealized appreciation aggregated $1,117,004,000, of which $1,585,722,000 related to appreciated investment securities and $468,718,000 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. Generally Accepted Accounting Principles (GAAP) establishes a disclosure hierarchy that categorizes the inputs to valuation techniques used to value assets and liabilities at measurement date. These inputs are classified into three levels. Level 1 includes readily available unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 includes observable inputs other than quoted prices included in Level 1 that are observable either directly or indirectly. Level 3 includes unobservable inputs when market prices are not readily available or reliable. Changes in valuation techniques may result in transfers in or out of an investment's assigned level within the hierarchy. Valuation techniques of the Fund's major categories of assets and liabilities 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. 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. Debt securities, including restricted securities, are valued based on quotations received from dealers who make markets in such securities or by independent pricing services. For corporate bonds pricing services generally utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type as well as available dealer supplied prices. Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day. 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.

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. The frequency with which these procedures are used cannot be predicted and may be utilized to a significant extent. The value of securities used for net asset value calculation under these procedures may differ from published prices for the same securities.

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

September 30, 2009 

1.807733.105

CON-QTLY-1109

Investments September 30, 2009 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 95.2%

Shares

Value (000s)

CONSUMER DISCRETIONARY - 14.5%

Auto Components - 0.0%

Johnson Controls, Inc.

163,400

$ 4,177

Automobiles - 0.5%

Dongfeng Motor Group Co. Ltd. (H Shares)

27,058,000

28,769

Geely Automobile Holdings Ltd.

245,010,000

66,706

Honda Motor Co. Ltd. sponsored ADR

2,457,644

74,491

Toyota Motor Corp.

3,232,500

126,989

 

296,955

Diversified Consumer Services - 0.3%

Brinks Home Security Holdings, Inc. (a)

378,900

11,666

Strayer Education, Inc. (d)(e)

723,165

157,419

 

169,085

Hotels, Restaurants & Leisure - 3.8%

Aristocrat Leisure Ltd.

940,641

4,357

Buffalo Wild Wings, Inc. (a)

89,919

3,742

Cafe de Coral Holdings Ltd.

10,176,000

22,295

California Pizza Kitchen, Inc. (a)

543,667

8,492

Chipotle Mexican Grill, Inc.:

Class A (a)(d)

2,449,713

237,745

Class B (a)

150,496

12,524

Little Sheep Group Ltd.

18,723,000

9,035

Marriott International, Inc. Class A

629,300

17,362

McDonald's Corp.

21,819,670

1,245,249

Melco PBL Entertainment (Macau) Ltd. sponsored ADR (a)

774,600

5,391

P.F. Chang's China Bistro, Inc. (a)(d)

573,233

19,473

Panera Bread Co. Class A (a)

684,200

37,631

Sodexo SA

1,526,144

91,427

Starbucks Corp. (a)

6,649,700

137,316

Starwood Hotels & Resorts Worldwide, Inc.

339,500

11,214

Tim Hortons, Inc. (e)

11,116,232

314,589

WMS Industries, Inc. (a)

1,186,228

52,858

Yum! Brands, Inc.

1,525,400

51,498

 

2,282,198

Household Durables - 0.1%

Gafisa SA sponsored ADR (a)(d)

400,000

12,144

Garmin Ltd.

729,100

27,516

iRobot Corp. (a)

71,407

879

Mohawk Industries, Inc. (a)

221,200

10,549

 

51,088

Common Stocks - continued

Shares

Value (000s)

CONSUMER DISCRETIONARY - continued

Internet & Catalog Retail - 1.4%

Amazon.com, Inc. (a)

6,100,108

$ 569,506

Expedia, Inc. (a)

1,304,800

31,250

Liberty Media Corp. Interactive Series A (a)

4,974,555

54,571

Netflix, Inc. (a)

665,439

30,723

Priceline.com, Inc. (a)(d)

757,900

125,675

 

811,725

Media - 3.3%

CKX, Inc. (a)

1,781,993

11,957

Discovery Communications, Inc. (a)(e)

10,365,705

299,465

DreamWorks Animation SKG, Inc. Class A (a)

993,818

35,350

Liberty Global, Inc. Class A (a)

530,738

11,979

Liberty Media Corp. Entertainment Series A (a)

7,056,116

219,516

Marvel Entertainment, Inc. (a)

1,522,697

75,556

Naspers Ltd. Class N

1,757,600

60,066

Pearson PLC

611,200

7,532

Scripps Networks Interactive, Inc. Class A

4,554,952

168,305

The DIRECTV Group, Inc. (a)(d)

5,654,700

155,957

The Walt Disney Co.

32,970,706

905,376

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

41,234

15,463

 

1,966,522

Multiline Retail - 0.5%

99 Cents Only Stores (a)

1,116,100

15,012

Dollar Tree, Inc. (a)

3,445,500

167,727

Family Dollar Stores, Inc.

1,939,900

51,213

Golden Eagle Retail Group Ltd. (H Shares)

4,500,000

7,548

Mothercare PLC

919,316

8,280

NEXT PLC

1,323,300

37,904

Parkson Retail Group Ltd.

25,208,500

37,341

 

325,025

Specialty Retail - 2.8%

Advance Auto Parts, Inc.

3,389,200

133,128

Aeropostale, Inc. (a)

1,085,100

47,169

AutoZone, Inc. (a)

284,900

41,658

Bed Bath & Beyond, Inc. (a)

857,100

32,176

Belle International Holdings Ltd.

18,500,000

19,001

Best Buy Co., Inc.

2,024,500

75,959

Gamestop Corp. Class A (a)

35,040

928

Gymboree Corp. (a)

579,900

28,056

H&M Hennes & Mauritz AB (B Shares)

379,839

21,331

Home Depot, Inc.

1,231,400

32,804

Common Stocks - continued

Shares

Value (000s)

CONSUMER DISCRETIONARY - continued

Specialty Retail - continued

Inditex SA

964,880

$ 55,361

J. Crew Group, Inc. (a)(d)(e)

6,324,653

226,549

Lumber Liquidators, Inc. (a)(d)

883,602

19,165

O'Reilly Automotive, Inc. (a)

1,515,300

54,763

Penske Automotive Group, Inc.

370,400

7,104

Ross Stores, Inc.

2,662,933

127,208

Staples, Inc.

2,047,300

47,538

TJX Companies, Inc.

16,542,162

614,541

Urban Outfitters, Inc. (a)

3,170,300

95,648

 

1,680,087

Textiles, Apparel & Luxury Goods - 1.8%

Burberry Group PLC

1,611,300

12,968

China Dongxiang Group Co. Ltd.

26,855,000

17,915

Coach, Inc.

3,130,051

103,041

Li Ning Co. Ltd.

6,268,500

19,291

NIKE, Inc. Class B

12,833,600

830,334

Polo Ralph Lauren Corp. Class A

1,016,900

77,915

Shenzhou International Group Holdings Ltd.

3,008,000

3,020

 

1,064,484

TOTAL CONSUMER DISCRETIONARY

8,651,346

CONSUMER STAPLES - 8.6%

Beverages - 2.8%

Anheuser-Busch InBev SA NV

696,231

31,791

Companhia de Bebidas das Americas (AmBev) (PN)
sponsored ADR

170,000

13,984

Diageo PLC sponsored ADR

913,867

56,194

PepsiCo, Inc.

2,058,373

120,744

The Coca-Cola Co.

26,322,891

1,413,539

Tsingtao Brewery Co. Ltd. (H Shares)

10,720,000

40,529

 

1,676,781

Food & Staples Retailing - 0.9%

Costco Wholesale Corp.

2,566,623

144,912

Susser Holdings Corp. (a)(e)

991,800

12,467

Tesco PLC

43,062,325

275,048

Wal-Mart Stores, Inc.

1,079,400

52,988

Wm Morrison Supermarkets PLC

6,649,801

29,474

 

514,889

Common Stocks - continued

Shares

Value (000s)

CONSUMER STAPLES - continued

Food Products - 2.0%

Brasil Foods SA sponsored ADR (d)

235,000

$ 12,514

Cadbury PLC

6,417,500

82,370

Campbell Soup Co.

1,283,300

41,861

Danone

1,637,199

98,655

General Mills, Inc.

3,706,700

238,637

H.J. Heinz Co.

240,800

9,572

Kellogg Co.

3,015,734

148,465

Kraft Foods, Inc. Class A

2,770,100

72,771

Nestle SA (Reg.)

5,005,444

213,287

Ralcorp Holdings, Inc. (a)

1,418,700

82,951

Smart Balance, Inc. (a)

153,993

946

Tingyi (Cayman Island) Holding Corp.

7,320,000

15,112

TreeHouse Foods, Inc. (a)(e)

3,158,796

112,674

Want Want China Holdings Ltd.

97,423,000

57,322

 

1,187,137

Household Products - 2.8%

Colgate-Palmolive Co.

10,145,611

773,907

Mcbride PLC

682,178

2,088

Procter & Gamble Co.

15,417,170

892,962

 

1,668,957

Personal Products - 0.0%

Hengan International Group Co. Ltd.

5,115,000

30,921

Tobacco - 0.1%

Philip Morris International, Inc.

643,400

31,359

TOTAL CONSUMER STAPLES

5,110,044

ENERGY - 7.2%

Energy Equipment & Services - 1.1%

Schlumberger Ltd.

10,582,900

630,741

Transocean Ltd. (a)

82,200

7,031

 

637,772

Oil, Gas & Consumable Fuels - 6.1%

Anadarko Petroleum Corp.

1,383,900

86,812

Apache Corp.

597,300

54,850

Birchcliff Energy Ltd. (a)(e)

9,341,900

71,995

Canadian Natural Resources Ltd.

3,972,406

268,290

Chesapeake Energy Corp.

3,737,083

106,133

CNPC (Hong Kong) Ltd.

18,250,000

14,459

Concho Resources, Inc. (a)

980,939

35,628

Common Stocks - continued

Shares

Value (000s)

ENERGY - continued

Oil, Gas & Consumable Fuels - continued

Crescent Point Energy Corp.

611,700

$ 20,685

Crescent Point Energy Corp. (f)

351,700

11,893

EnCana Corp.

7,592,548

439,737

EOG Resources, Inc.

2,287,757

191,051

EXCO Resources, Inc. (a)

58,300

1,090

Exxon Mobil Corp.

5,587,337

383,347

Ivanhoe Energy, Inc. (a)

12,036,400

27,772

Newfield Exploration Co. (a)

120,000

5,107

Noble Energy, Inc. (e)

13,178,236

869,236

Occidental Petroleum Corp.

5,457,716

427,885

Petrobank Energy & Resources Ltd. (a)

833,300

34,445

Petrohawk Energy Corp. (a)

1,769,100

42,830

Petroleo Brasileiro SA - Petrobras sponsored ADR

309,100

14,188

Petroplus Holdings AG (d)(e)

3,775,760

95,237

Range Resources Corp.

3,669,200

181,112

Reliance Industries Ltd. (a)

1,162,406

53,613

Southwestern Energy Co. (a)

3,170,667

135,324

TriStar Oil & Gas Ltd. (a)

2,936,400

42,928

Ultra Petroleum Corp. (a)

552,100

27,031

 

3,642,678

TOTAL ENERGY

4,280,450

FINANCIALS - 13.4%

Capital Markets - 1.5%

AllianceBernstein Holding LP

41,602

1,135

BlackRock, Inc. Class A

80,800

17,519

Broadpoint Gleacher Securities Group, Inc. (a)

2,360,700

19,688

Charles Schwab Corp.

9,224,475

176,649

Franklin Resources, Inc.

1,101,600

110,821

Goldman Sachs Group, Inc.

2,192,909

404,263

Northern Trust Corp.

143,200

8,329

T. Rowe Price Group, Inc.

2,969,200

135,692

UBS AG (NY Shares) (a)

600,000

10,986

 

885,082

Commercial Banks - 4.5%

Banco Bradesco SA (PN) sponsored ADR

725,000

14,420

Banco do Brasil SA

2,927,100

51,878

China Citic Bank Corp. Ltd. Class H

8,024,000

5,291

China Merchants Bank Co. Ltd. (H Shares)

2,500,000

5,574

Common Stocks - continued

Shares

Value (000s)

FINANCIALS - continued

Commercial Banks - continued

HDFC Bank Ltd. sponsored ADR

305,400

$ 36,150

Industrial & Commercial Bank of China Ltd.

46,939,000

35,371

Itau Unibanco Banco Multiplo SA ADR

1,998,970

40,279

PT Bank Central Asia Tbk

12,500,000

5,994

Royal Bank of Canada

413,400

22,224

Standard Chartered PLC (United Kingdom)

13,428,600

330,979

SVB Financial Group (a)

130,900

5,664

Wells Fargo & Co.

74,104,015

2,088,251

 

2,642,075

Consumer Finance - 0.2%

American Express Co.

3,797,433

128,733

Diversified Financial Services - 2.1%

BM&F BOVESPA SA

1,600,000

11,825

CME Group, Inc.

38,100

11,742

Gimv NV

100,000

5,369

Hong Kong Exchange & Clearing Ltd.

4,235,700

76,789

IntercontinentalExchange, Inc. (a)

263,200

25,580

JPMorgan Chase & Co.

24,615,929

1,078,670

MSCI, Inc. Class A (a)

390,000

11,552

 

1,221,527

Insurance - 5.0%

ACE Ltd.

2,488,378

133,029

Admiral Group PLC

4,881,222

90,271

Axis Capital Holdings Ltd.

1,818,235

54,874

Berkshire Hathaway, Inc. Class A (a)

20,497

2,070,197

China Life Insurance Co. Ltd. ADR (d)

72,700

4,777

eHealth, Inc. (a)

172,028

2,498

Fairfax Financial Holdings Ltd. (sub. vtg.)

261,922

97,314

The Chubb Corp.

6,471,200

326,213

The Travelers Companies, Inc.

3,561,615

175,338

W.R. Berkley Corp.

956,700

24,185

 

2,978,696

Real Estate Investment Trusts - 0.1%

Simon Property Group, Inc.

340,010

23,607

Starwood Property Trust, Inc.

1,170,000

23,693

 

47,300

Real Estate Management & Development - 0.0%

China Overseas Land & Investment Ltd.

4,770,000

10,316

Common Stocks - continued

Shares

Value (000s)

FINANCIALS - continued

Real Estate Management & Development - continued

Swire Pacific Ltd. (A Shares)

233,000

$ 2,739

Wharf Holdings Ltd.

2,085,000

11,071

 

24,126

Thrifts & Mortgage Finance - 0.0%

Hudson City Bancorp, Inc.

1,698,300

22,333

TOTAL FINANCIALS

7,949,872

HEALTH CARE - 14.5%

Biotechnology - 3.7%

Actelion Ltd. (Reg.) (a)

1,641,314

101,914

Alexion Pharmaceuticals, Inc. (a)

907,396

40,415

Allos Therapeutics, Inc. (a)

642,500

4,658

Amgen, Inc. (a)

3,652,500

219,990

Biogen Idec, Inc. (a)

231,200

11,680

Celgene Corp. (a)

5,391,304

301,374

CSL Ltd.

759,847

22,429

Cubist Pharmaceuticals, Inc. (a)

669,650

13,527

Dendreon Corp. (a)

236,100

6,608

Gilead Sciences, Inc. (a)

24,040,394

1,119,802

Human Genome Sciences, Inc. (a)

2,037,252

38,341

ImmunoGen, Inc. (a)

1,444,803

11,717

MannKind Corp. (a)(d)(e)

7,115,011

70,083

MannKind Corp. warrants 8/3/10 (a)(h)

304,338

502

Medivation, Inc. (a)(d)(e)

3,290,432

89,302

Micromet, Inc. (a)

2,554,800

17,015

Myriad Genetics, Inc. (a)

2,210,856

60,577

OREXIGEN Therapeutics, Inc. (a)

574,700

5,661

Seattle Genetics, Inc. (a)

1,855,976

26,039

Targacept, Inc. (a)

1,112,469

23,773

Vanda Pharmaceuticals, Inc. (a)

527,198

6,137

Vertex Pharmaceuticals, Inc. (a)

290,000

10,991

 

2,202,535

Health Care Equipment & Supplies - 3.0%

Alcon, Inc.

2,025,500

280,876

Baxter International, Inc.

3,236,400

184,507

Beckman Coulter, Inc.

220,481

15,200

Becton, Dickinson & Co.

2,463,948

171,860

Boston Scientific Corp. (a)

1,187,700

12,578

Common Stocks - continued

Shares

Value (000s)

HEALTH CARE - continued

Health Care Equipment & Supplies - continued

C. R. Bard, Inc.

2,111,940

$ 166,020

Covidien PLC

9,155,708

396,076

DENTSPLY International, Inc.

4,148,785

143,299

Edwards Lifesciences Corp. (a)

1,961,807

137,150

ev3, Inc. (a)

1,057,900

13,023

ICU Medical, Inc. (a)(e)

1,260,603

46,466

Inverness Medical Innovations, Inc. (a)

1,048,300

40,601

Mindray Medical International Ltd. sponsored ADR (d)

168,700

5,506

NuVasive, Inc. (a)

1,705,093

71,205

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

14,976,000

49,469

St. Jude Medical, Inc. (a)

520,000

20,285

Thoratec Corp. (a)

502,620

15,214

 

1,769,335

Health Care Providers & Services - 1.4%

Emergency Medical Services Corp. Class A (a)

850,800

39,562

Express Scripts, Inc. (a)

2,442,600

189,497

Henry Schein, Inc. (a)

726,600

39,898

HMS Holdings Corp. (a)

286,200

10,941

Medco Health Solutions, Inc. (a)

9,962,887

551,047

Sinopharm Group Co. Ltd. Class H

607,200

1,539

 

832,484

Health Care Technology - 0.5%

Cerner Corp. (a)

1,784,702

133,496

HLTH Corp. (a)

2,304,293

33,666

MedAssets, Inc. (a)

556,800

12,567

Quality Systems, Inc. (d)(e)

1,964,985

120,984

 

300,713

Life Sciences Tools & Services - 1.2%

Fluidigm Corp. warrants 9/10/10 (a)

1

0*

Illumina, Inc. (a)

2,538,556

107,889

Life Technologies Corp. (a)

1,377,300

64,113

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

3,145,500

284,951

QIAGEN NV (a)

2,349,800

50,004

Techne Corp.

534,080

33,407

Thermo Fisher Scientific, Inc. (a)

568,600

24,831

Waters Corp. (a)

3,047,081

170,210

 

735,405

Pharmaceuticals - 4.7%

Abbott Laboratories

17,482,783

864,873

Common Stocks - continued

Shares

Value (000s)

HEALTH CARE - continued

Pharmaceuticals - continued

Allergan, Inc.

1,062,600

$ 60,313

Ardea Biosciences, Inc. (a)

662,704

12,141

AstraZeneca PLC (United Kingdom)

6,666,850

299,033

Bristol-Myers Squibb Co.

5,070,200

114,181

Forest Laboratories, Inc. (a)

2,674,100

78,726

Johnson & Johnson

13,442,300

818,502

MAP Pharmaceuticals, Inc. (a)

173,836

1,818

Merck & Co., Inc.

864,550

27,346

Novo Nordisk AS Series B

2,461,736

154,129

Optimer Pharmaceuticals, Inc. (a)

1,162,076

15,723

Pronova BioPharma ASA (a)

6,660,835

20,180

Roche Holding AG (participation certificate)

497,558

80,418

Shionogi & Co. Ltd.

640,000

15,141

Teva Pharmaceutical Industries Ltd. sponsored ADR

4,107,000

207,650

Valeant Pharmaceuticals International (a)(d)

925,774

25,977

 

2,796,151

TOTAL HEALTH CARE

8,636,623

INDUSTRIALS - 3.0%

Aerospace & Defense - 0.2%

AeroVironment, Inc. (a)

298,879

8,396

Lockheed Martin Corp.

158,481

12,374

Precision Castparts Corp.

387,800

39,505

Raytheon Co.

105,800

5,075

United Technologies Corp.

922,400

56,202

 

121,552

Air Freight & Logistics - 0.8%

C.H. Robinson Worldwide, Inc.

7,980,825

460,893

Airlines - 0.1%

Ryanair Holdings PLC sponsored ADR (a)

2,659,766

77,240

Building Products - 0.0%

Armstrong World Industries, Inc. (a)

62,799

2,164

Commercial Services & Supplies - 0.0%

Ritchie Brothers Auctioneers, Inc. (d)

38,800

952

Construction & Engineering - 0.3%

AECOM Technology Corp. (a)

948,600

25,745

Jacobs Engineering Group, Inc. (a)

2,769,438

127,256

URS Corp. (a)

107,700

4,701

 

157,702

Common Stocks - continued

Shares

Value (000s)

INDUSTRIALS - continued

Electrical Equipment - 0.4%

A123 Systems, Inc.

234,200

$ 4,993

American Superconductor Corp. (a)(d)

869,900

29,176

China High Speed Transmission Equipment Group Co. Ltd.

15,146,000

31,074

Cooper Industries PLC Class A

3,908,241

146,833

Roper Industries, Inc.

100,000

5,098

 

217,174

Industrial Conglomerates - 0.0%

Beijing Enterprises Holdings Ltd.

2,251,500

11,926

Carlisle Companies, Inc.

163,000

5,527

 

17,453

Machinery - 0.9%

China Automation Group Ltd.

29,036,000

14,986

Danaher Corp.

5,369,609

361,482

Flowserve Corp.

57,100

5,627

Oshkosh Co.

146,200

4,522

PACCAR, Inc.

2,655,041

100,122

SmartHeat, Inc. (a)(e)

2,942,789

34,931

 

521,670

Professional Services - 0.1%

Experian PLC

2,000,700

16,837

IHS, Inc. Class A (a)

100,000

5,113

Robert Half International, Inc.

1,805,900

45,184

 

67,134

Road & Rail - 0.2%

Canadian National Railway Co.

2,293,700

112,982

Knight Transportation, Inc.

237,600

3,987

 

116,969

Trading Companies & Distributors - 0.0%

Fastenal Co. (d)

285,300

11,041

W.W. Grainger, Inc.

171,300

15,307

 

26,348

TOTAL INDUSTRIALS

1,787,251

INFORMATION TECHNOLOGY - 27.8%

Communications Equipment - 2.7%

Aruba Networks, Inc. (a)

681,200

6,022

BYD Electronic International Co. Ltd. (a)

82,911,000

46,323

Cisco Systems, Inc. (a)

16,830,300

396,185

Common Stocks - continued

Shares

Value (000s)

INFORMATION TECHNOLOGY - continued

Communications Equipment - continued

F5 Networks, Inc. (a)

139,200

$ 5,516

Juniper Networks, Inc. (a)

1,556,600

42,059

Palm, Inc. (a)

337,900

5,890

QUALCOMM, Inc.

17,792,838

800,322

Research In Motion Ltd. (a)

3,527,410

238,277

Starent Networks Corp. (a)

1,870,194

47,540

 

1,588,134

Computers & Peripherals - 6.4%

Apple, Inc. (a)

15,027,347

2,785,619

Dell, Inc. (a)

6,559,400

100,096

Hewlett-Packard Co.

16,580,749

782,777

NetApp, Inc. (a)

3,686,800

98,364

STEC, Inc. (a)(d)

1,355,655

39,843

 

3,806,699

Electronic Equipment & Components - 1.2%

Agilent Technologies, Inc. (a)

780,100

21,710

Amphenol Corp. Class A (e)

9,008,712

339,448

BYD Co. Ltd. (H Shares) (a)

21,306,000

175,534

Corning, Inc.

894,900

13,701

FLIR Systems, Inc. (a)

5,797,208

162,148

Wasion Group Holdings Ltd.

19,924,000

17,610

 

730,151

Internet Software & Services - 7.4%

Baidu.com, Inc. sponsored ADR (a)

374,300

146,370

Constant Contact, Inc. (a)(d)(e)

1,477,546

28,443

eBay, Inc. (a)

4,429,300

104,576

Google, Inc. Class A (a)

6,304,576

3,126,120

NetEase.com, Inc. sponsored ADR (a)

4,653,300

212,563

NHN Corp. (a)

137,049

20,226

Open Text Corp. (a)

1,544,400

57,866

Sohu.com, Inc. (a)(d)(e)

3,333,900

229,306

Tencent Holdings Ltd.

24,275,700

394,989

VistaPrint Ltd. (a)

998,882

50,693

WebMD Health Corp. Class A (a)

206,177

6,829

 

4,377,981

IT Services - 3.3%

Accenture PLC Class A

10,424,000

388,502

Cognizant Technology Solutions Corp. Class A (a)

1,285,600

49,701

CyberSource Corp. (a)

1,322,067

22,039

Common Stocks - continued

Shares

Value (000s)

INFORMATION TECHNOLOGY - continued

IT Services - continued

Fidelity National Information Services, Inc.

2,915,700

$ 74,380

Fiserv, Inc. (a)

270,000

13,014

Global Payments, Inc.

193,600

9,041

Hewitt Associates, Inc. Class A (a)

1,183,600

43,119

MasterCard, Inc. Class A

984,941

199,106

Metavante Technologies, Inc. (a)

2,136,500

73,667

Redecard SA

2,248,300

34,770

The Western Union Co.

1,694,268

32,056

VeriFone Holdings, Inc. (a)

500,000

7,945

Visa, Inc. Class A

14,963,493

1,034,127

 

1,981,467

Semiconductors & Semiconductor Equipment - 2.3%

Altera Corp.

2,365,200

48,510

ARM Holdings PLC sponsored ADR

810,000

5,670

ASML Holding NV (NY Shares)

541,400

16,009

Avago Technologies Ltd.

1,402,277

23,937

Broadcom Corp. Class A (a)

6,031,400

185,104

Cavium Networks, Inc. (a)

237,013

5,089

Cree, Inc. (a)

1,995,000

73,316

Intel Corp.

2,347,550

45,942

KLA-Tencor Corp.

1,093,100

39,199

Marvell Technology Group Ltd. (a)

10,804,200

174,920

MediaTek, Inc.

659,000

10,982

NVIDIA Corp. (a)

6,891,500

103,579

Samsung Electronics Co. Ltd.

714,362

495,230

Skyworks Solutions, Inc. (a)

400,000

5,296

Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR

14,132,080

154,888

 

1,387,671

Software - 4.5%

Activision Blizzard, Inc. (a)

25,827,264

320,000

Adobe Systems, Inc. (a)

6,856,708

226,546

ANSYS, Inc. (a)

829,716

31,089

ArcSight, Inc. (a)

465,000

11,193

AsiaInfo Holdings, Inc. (a)(e)

2,703,000

53,979

Autonomy Corp. PLC (a)

511,745

13,325

Blackboard, Inc. (a)

191,892

7,250

BMC Software, Inc. (a)

4,958,247

186,083

Check Point Software Technologies Ltd. (a)

3,408,400

96,628

Citrix Systems, Inc. (a)

2,521,900

98,934

Informatica Corp. (a)

2,029,800

45,833

Common Stocks - continued

Shares

Value (000s)

INFORMATION TECHNOLOGY - continued

Software - continued

Kingdee International Software Group Co. Ltd.

30,000,000

$ 5,071

McAfee, Inc. (a)(e)

9,906,235

433,794

NCsoft Corp.

90,960

13,076

Oracle Corp.

27,330,600

569,570

Pegasystems, Inc.

832,352

28,741

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

511,500

24,603

Quest Software, Inc. (a)

300,700

5,067

Red Hat, Inc. (a)

2,316,525

64,029

Rovi Corp. (a)

823,200

27,660

Salesforce.com, Inc. (a)

4,050,382

230,588

Shanda Interactive Entertainment Ltd. sponsored ADR (a)(d)

2,095,274

107,278

SolarWinds, Inc. (d)

556,600

12,262

Solera Holdings, Inc.

347,523

10,811

Sybase, Inc. (a)

425,000

16,533

Synopsys, Inc. (a)

180,900

4,056

Taleo Corp. Class A (a)

726,900

16,457

TIBCO Software, Inc. (a)

2,350,000

22,302

VMware, Inc. Class A (a)

278,300

11,179

 

2,693,937

TOTAL INFORMATION TECHNOLOGY

16,566,040

MATERIALS - 5.5%

Chemicals - 0.5%

Airgas, Inc.

259,932

12,573

Ecolab, Inc.

4,600,563

212,684

Huabao International Holdings Ltd.

29,630,000

31,771

Lubrizol Corp.

229,000

16,364

Monsanto Co.

110,465

8,550

Valspar Corp.

211,100

5,807

 

287,749

Construction Materials - 0.1%

Cemex SA de CV sponsored ADR

2,485,200

32,109

Martin Marietta Materials, Inc.

57,700

5,312

 

37,421

Containers & Packaging - 0.1%

Owens-Illinois, Inc. (a)

143,300

5,288

Rock-Tenn Co. Class A

320,600

15,103

Temple-Inland, Inc.

1,567,900

25,745

 

46,136

Common Stocks - continued

Shares

Value (000s)

MATERIALS - continued

Metals & Mining - 4.8%

Agnico-Eagle Mines Ltd. (Canada)

383,000

$ 25,907

AngloGold Ashanti Ltd. sponsored ADR

2,499,200

101,867

B2Gold Corp. (a)

7,685,137

5,528

B2Gold Corp. (a)(f)

5,000,000

3,596

BHP Billiton Ltd. sponsored ADR (d)

1,158,900

76,499

Eldorado Gold Corp. (a)

14,625,379

166,132

Franco-Nevada Corp. (e)

7,554,100

198,220

Franco-Nevada Corp. (e)(f)

695,100

18,239

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

347,550

2,029

Freeport-McMoRan Copper & Gold, Inc.

921,000

63,190

Goldcorp, Inc.

14,417,883

578,870

IAMGOLD Corp.

1,282,300

18,123

Ivanhoe Mines Ltd. (a)(e)

23,518,300

302,300

Kinross Gold Corp.

21,660,779

472,065

New Gold, Inc. (a)

1,108,300

4,234

Newcrest Mining Ltd.

12,404,187

349,081

Randgold Resources Ltd. sponsored ADR

3,969,746

277,406

Red Back Mining, Inc. (a)(e)

14,577,500

163,818

Red Back Mining, Inc. (a)(e)(f)

592,400

6,657

Seabridge Gold, Inc. (a)

522,400

14,941

US Gold Corp. (a)

1,100,881

3,182

 

2,851,884

Paper & Forest Products - 0.0%

Votorantim Celulose e Papel SA sponsored ADR (a)

1,863,407

30,579

TOTAL MATERIALS

3,253,769

TELECOMMUNICATION SERVICES - 0.6%

Diversified Telecommunication Services - 0.1%

Clearwire Corp. Class A (a)

1,035,659

8,420

Iliad Group SA

48,853

5,504

Neutral Tandem, Inc. (a)

1,040,583

23,684

Nippon Telegraph & Telephone Corp.

900,000

41,541

 

79,149

Wireless Telecommunication Services - 0.5%

American Tower Corp. Class A (a)

762,400

27,751

Bharti Airtel Ltd.

13,291,741

116,600

MTN Group Ltd.

1,929,700

31,384

NTT DoCoMo, Inc.

16,763

26,703

Sprint Nextel Corp. (a)

7,388,862

29,186

Common Stocks - continued

Shares

Value (000s)

TELECOMMUNICATION SERVICES - continued

Wireless Telecommunication Services - continued

Vivo Participacoes SA sponsored ADR

678,000

$ 17,120

Vodafone Group PLC sponsored ADR

491,900

11,068

 

259,812

TOTAL TELECOMMUNICATION SERVICES

338,961

UTILITIES - 0.1%

Multi-Utilities - 0.1%

YTL Corp. Bhd

24,945,630

51,535

Water Utilities - 0.0%

YTL Power International Bhd

34,795

22

TOTAL UTILITIES

51,557

TOTAL COMMON STOCKS

(Cost $45,986,682)

56,625,913

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)

1,254,247

8,780

TOTAL HEALTH CARE

16,808

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% (h)

3,950,196

$ 21,691

TOTAL INFORMATION TECHNOLOGY

24,766

TOTAL CONVERTIBLE PREFERRED STOCKS

65,279

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 $118,586)

73,787

Corporate Bonds - 0.1%

 

Principal Amount (000s)

 

Convertible Bonds - 0.0%

HEALTH CARE - 0.0%

Life Sciences Tools & Services - 0.0%

Fluidigm Corp. 12.6825% 12/31/09 (c)

$ 796

796

Nonconvertible Bonds - 0.1%

CONSUMER DISCRETIONARY - 0.0%

Automobiles - 0.0%

Ford Motor Co.:

6.375% 2/1/29

3,995

2,936

6.625% 10/1/28

8,510

6,042

7.45% 7/16/31

12,765

10,340

 

19,318

Corporate Bonds - continued

 

Principal Amount (000s)

Value (000s)

Nonconvertible Bonds - continued

FINANCIALS - 0.1%

Diversified Financial Services - 0.1%

Ford Holdings LLC 9.3% 3/1/30

$ 36,585

$ 29,908

TOTAL NONCONVERTIBLE BONDS

49,226

TOTAL CORPORATE BONDS

(Cost $25,266)

50,022

Money Market Funds - 5.8%

Shares

 

Fidelity Cash Central Fund, 0.25% (g)

2,731,898,269

2,731,898

Fidelity Securities Lending Cash Central Fund, 0.19% (b)(g)

701,361,625

701,362

TOTAL MONEY MARKET FUNDS

(Cost $3,433,260)

3,433,260

TOTAL INVESTMENT PORTFOLIO - 101.2%

(Cost $49,563,794)

60,182,982

NET OTHER ASSETS - (1.2)%

(722,852)

NET ASSETS - 100%

$ 59,460,130

Legend

(a) Non-income producing

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

(c) Security initially issued at one coupon which converts to a higher coupon at a specified date. The rate shown is the rate at period end.

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

(e) Affiliated company

(f) 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 $42,414,000 or 0.1% of net assets.

(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 $80,972,000 or 0.1% 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

MannKind Corp. warrants 8/3/10

8/3/05

$ 8

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

* Amount represents less than $1,000

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

$ 15,043

Fidelity Securities Lending Cash Central Fund

14,086

Total

$ 29,129

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

AeroVironment, Inc.

$ 32,478

$ 49,226

$ 50,048

$ -

$ -

Amphenol Corp. Class A

223,614

31,707

45,085

430

339,448

AsiaInfo Holdings, Inc.

-

47,447

-

-

53,979

Birchcliff Energy Ltd.

19,257

21,373

-

-

71,995

Concur Technologies, Inc.

90,527

5,280

71,612

-

-

Constant Contact, Inc.

17,152

3,513

-

-

28,443

Discovery Communications, Inc.

69,840

113,585

-

-

299,465

Energy Conversion Devices, Inc.

72,211

1,298

48,244

-

-

FLIR Systems, Inc.

297,262

5,057

92,062

-

-

Franco-Nevada Corp.

131,383

33,060

30,242

791

198,220

Franco-Nevada Corp. (144A)

-

17,287

-

75

18,239

Genoptix, Inc.

35,524

-

28,636

-

-

ICU Medical, Inc.

-

49,404

-

-

46,466

Ivanhoe Mines Ltd.

53,776

26,912

5,280

-

302,300

J. Crew Group, Inc.

76,063

3,333

-

-

226,549

Jacobs Engineering Group, Inc.

298,433

39,235

180,383

-

-

MannKind Corp.

26,331

-

5,618

-

70,083

McAfee, Inc.

247,564

114,034

4,302

-

433,794

Medivation, Inc.

24,497

35,037

-

-

89,302

Mettler-Toledo International, Inc.

168,581

56,195

25,317

-

284,951

Neutral Tandem, Inc.

-

60,142

35,855

-

-

Noble Energy, Inc.

481,290

191,946

4,751

6,398

869,236

P.F. Chang's China Bistro, Inc.

-

32,855

19,939

-

-

Petroplus Holdings AG

80,124

33,645

36,437

1,837

95,237

Quality Systems, Inc.

70,825

19,276

5,160

1,704

120,984

Red Back Mining, Inc.

133,676

37,936

60,798

-

163,818

Red Back Mining, Inc. (144A)

4,182

-

-

-

6,657

Royal Gold, Inc.

54,954

53,902

89,932

201

-

SmartHeat, Inc.

-

33,413

-

-

34,931

Sohu.com, Inc.

114,317

48,760

10,385

-

229,306

Strayer Education, Inc.

137,366

59,265

39,471

1,145

157,419

Susser Holdings Corp.

19,162

-

4,931

-

12,467

Tim Hortons, Inc.

304,929

15,553

-

2,821

314,589

TreeHouse Foods, Inc.

85,000

1,457

-

-

112,674

Vivus, Inc.

22,128

2,423

24,978

-

-

Warnaco Group, Inc.

42,314

8,698

70,413

-

-

Total

$ 3,434,760

$ 1,252,254

$ 989,879

$ 15,402

$ 4,580,552

Other Information

The following is a summary of the inputs used, as of September 30, 2009, 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

$ 8,651,346

$ 8,508,894

$ 126,989

$ 15,463

Consumer Staples

5,110,044

5,110,044

-

-

Energy

4,280,450

4,280,450

-

-

Financials

7,973,577

7,949,872

-

23,705

Health Care

8,653,431

8,321,947

314,676

16,808

Industrials

1,787,251

1,787,251

-

-

Information Technology

16,590,806

16,566,040

-

24,766

Materials

3,253,769

3,253,769

-

-

Telecommunication Services

347,469

239,333

99,628

8,508

Utilities

51,557

51,557

-

-

Corporate Bonds

50,022

-

49,226

796

Money Market Funds

3,433,260

3,433,260

-

-

Total Investments in Securities:

$ 60,182,982

$ 59,502,417

$ 590,519

$ 90,046

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

$ 327,739

Total Realized Gain (Loss)

(99,781)

Total Unrealized Gain (Loss)

(24,948)

Cost of Purchases

796

Proceeds of Sales

(72,219)

Amortization/Accretion

-

Transfers in/out of Level 3

(41,541)

Ending Balance

$ 90,046

The change in unrealized gain (loss) attributable to Level 3 securities at September 30, 2009

$ (10,004)

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 either the beginning value (for transfers in), or the ending value (for transfers out) of any Security or Instrument where a change in the pricing level occurred from the beginning to the end of the period. Realized and unrealized gains (losses) disclosed in the reconciliation are included in Net Gain (Loss) on the Fund's Statement of Operations.

Income Tax Information

At September 30, 2009, the aggregate cost of investment securities for income tax purposes was $50,225,597,000. Net unrealized appreciation aggregated $9,957,385,000, of which $11,784,032,000 related to appreciated investment securities and $1,826,647,000 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. Generally Accepted Accounting Principles (GAAP) establishes a disclosure hierarchy that categorizes the inputs to valuation techniques used to value assets and liabilities at measurement date. These inputs are classified into three levels. Level 1 includes readily available unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 includes observable inputs other than quoted prices included in Level 1 that are observable either directly or indirectly. Level 3 includes unobservable inputs when market prices are not readily available or reliable. Changes in valuation techniques may result in transfers in or out of an investment's assigned level within the hierarchy. Valuation techniques of the Fund's major categories of assets and liabilities 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. 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. Debt securities, including restricted securities, are valued based on quotations received from dealers who make markets in such securities or by independent pricing services. For corporate bonds, pricing services generally utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type as well as available dealer supplied prices. Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day. 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.

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. The frequency with which these procedures are used cannot be predicted and may be utilized to a significant extent. The value of securities used for net asset value calculation under these procedures may differ from published prices for the same securities.

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:

November 30, 2009

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:

November 30, 2009

By:

/s/ Christine Reynolds

 

Christine Reynolds

 

Chief Financial Officer

 

 

Date:

November 30, 2009

EX-99.CERT 2 contra99cert.htm

Exhibit EX-99.CERT

I, Kenneth B. Robins, certify that:

1. I have reviewed this report on Form N-Q of Fidelity Contrafund;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based upon such evaluation; and

d. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: November 30, 2009

/s/Kenneth B. Robins

Kenneth B. Robins

President and Treasurer

I, Christine Reynolds, certify that:

1. I have reviewed this report on Form N-Q of Fidelity Contrafund;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based upon such evaluation; and

d. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: November 30, 2009

/s/Christine Reynolds

Christine Reynolds

Chief Financial Officer

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