0000878467-14-000949.txt : 20141128 0000878467-14-000949.hdr.sgml : 20141127 20141128101307 ACCESSION NUMBER: 0000878467-14-000949 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20140930 FILED AS OF DATE: 20141128 DATE AS OF CHANGE: 20141128 EFFECTIVENESS DATE: 20141128 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY CONTRAFUND CENTRAL INDEX KEY: 0000024238 IRS NUMBER: 000000000 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: 141255158 BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 617-563-7000 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY 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

C000130145 Class Z FZANX

0000024238 S000006037 Fidelity Contrafund

C000016601 Fidelity Contrafund FCNTX

C000064233 Class K FCNKX

0000024238 S000039220 Fidelity Series Opportunistic Insights Fund

C000120656 Fidelity Series Opportunistic Insights Fund FVWSX

C000120657 Class F FWWEX

0000024238 S000039221 Fidelity Advisor Series Opportunistic Insights Fund

C000120658 Fidelity Advisor Series Opportunistic Insights Fund FAMGX

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)

245 Summer St., Boston, Massachusetts 02210
(Address of principal executive offices) (Zip code)

Scott C. Goebel, Secretary

245 Summer St.

Boston, Massachusetts 02210
(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, 2014

Item 1. Schedule of Investments

Quarterly Holdings Report

for

Fidelity Advisor® New Insights Fund

September 30, 2014

1.808768.110

ANIF-QTLY-1114

Investments September 30, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 95.2%
	Shares		Value (000s)
CONSUMER DISCRETIONARY - 13.9%
Automobiles - 0.9%
Harley-Davidson, Inc.	365,689		$ 21,283
Tata Motors Ltd. sponsored ADR	61,600		2,693
Tesla Motors, Inc. (a)(e)	891,324		216,307
			240,283
Hotels, Restaurants & Leisure - 3.2%
ARAMARK Holdings Corp.	2,496,200		65,650
Chipotle Mexican Grill, Inc. (a)	234,724		156,465
Darden Restaurants, Inc.	271,100		13,951
Domino's Pizza, Inc.	1,629,218		125,385
Dunkin' Brands Group, Inc.	1,007,800		45,170
Marriott International, Inc. Class A	707,036		49,422
Starbucks Corp.	4,727,806		356,760
Whitbread PLC	1,429,366		96,257
			909,060
Household Durables - 0.2%
D.R. Horton, Inc.	2,367,824		48,588
Internet & Catalog Retail - 2.0%
Amazon.com, Inc. (a)	112,046		36,128
Liberty Interactive Corp. Series A (a)	2,397,734		68,383
Netflix, Inc. (a)	55,800		25,176
priceline.com, Inc. (a)	237,167		274,777
TripAdvisor, Inc. (a)	994,019		90,873
zulily, Inc. Class A (e)	1,392,100		52,747
			548,084
Leisure Products - 0.0%
Polaris Industries, Inc.	18,700		2,801
Media - 4.2%
Altice SA	190,500		10,089
Charter Communications, Inc. Class A (a)	429,025		64,942
Comcast Corp. Class A	5,130,500		275,918
DIRECTV (a)	1,333,200		115,348
Legend Pictures LLC (a)(h)(i)	11,303		20,379
Liberty Global PLC Class A (a)	1,748,005		74,360
Liberty Media Corp.:
Class A (a)	220,676		10,411
Class C (a)	1,114,132		52,353
The Walt Disney Co.	4,569,338		406,808
Common Stocks - continued
	Shares		Value (000s)
CONSUMER DISCRETIONARY - continued
Media - continued
Viacom, Inc. Class B (non-vtg.)	2,016,800		$ 155,173
Weinstein Co. Holdings LLC Class A-1 (a)(h)(i)	2,267		395
			1,186,176
Specialty Retail - 1.1%
AutoZone, Inc. (a)	44,350		22,603
Cabela's, Inc. Class A (a)(e)	1,029,700		60,649
O'Reilly Automotive, Inc. (a)	159,000		23,907
TJX Companies, Inc.	1,336,667		79,091
Tractor Supply Co.	966,024		59,420
World Duty Free SpA (a)	4,904,461		56,061
			301,731
Textiles, Apparel & Luxury Goods - 2.3%
Brunello Cucinelli SpA (e)	1,747,404		36,461
China Hongxing Sports Ltd. (a)	6,000,000		270
Hermes International SCA	273,200		81,694
NIKE, Inc. Class B	3,235,889		288,641
Under Armour, Inc. Class A (sub. vtg.) (a)	3,474,770		240,107
			647,173
TOTAL CONSUMER DISCRETIONARY			3,883,896
CONSUMER STAPLES - 6.2%
Beverages - 1.1%
Anheuser-Busch InBev SA NV ADR	806,761		89,429
Boston Beer Co., Inc. Class A (a)	375,903		83,360
Constellation Brands, Inc. Class A (sub. vtg.) (a)	1,659,800		144,668
			317,457
Food & Staples Retailing - 1.6%
Costco Wholesale Corp.	1,063,625		133,293
CVS Health Corp.	3,781,477		300,968
			434,261
Food Products - 1.5%
Associated British Foods PLC	2,592,843		112,609
Keurig Green Mountain, Inc.	528,000		68,709
Mead Johnson Nutrition Co. Class A	1,196,400		115,118
Mondelez International, Inc.	3,309,643		113,405
			409,841
Common Stocks - continued
	Shares		Value (000s)
CONSUMER STAPLES - continued
Household Products - 0.8%
Colgate-Palmolive Co.	3,331,349		$ 217,271
Procter & Gamble Co.	170,500		14,278
			231,549
Personal Products - 1.2%
Estee Lauder Companies, Inc. Class A	3,654,744		273,082
L'Oreal SA	463,401		73,572
			346,654
TOTAL CONSUMER STAPLES			1,739,762
ENERGY - 8.5%
Energy Equipment & Services - 1.9%
Oceaneering International, Inc.	1,468,899		95,728
Schlumberger Ltd.	4,232,727		430,426
			526,154
Oil, Gas & Consumable Fuels - 6.6%
Anadarko Petroleum Corp.	2,477,388		251,306
Antero Resources Corp. (e)	2,113,456		116,008
BG Group PLC	2,399,300		44,293
Birchcliff Energy Ltd. (a)(g)	585,400		5,546
Cabot Oil & Gas Corp.	2,729,680		89,233
Chevron Corp.	1,029,600		122,852
Concho Resources, Inc. (a)	116,380		14,593
Continental Resources, Inc. (a)	1,121,604		74,564
EOG Resources, Inc.	3,372,260		333,921
Kinder Morgan Holding Co. LLC (e)	1,438,200		55,141
Memorial Resource Development Corp.	1,226,100		33,240
Noble Energy, Inc.	6,999,400		478,479
Phillips 66 Partners LP	255,135		17,030
PrairieSky Royalty Ltd.	285,600		8,989
Rooster Energy Ltd. (a)(f)	9,409,500		3,697
The Williams Companies, Inc.	2,493,430		138,011
Tourmaline Oil Corp. (a)	929,000		41,168
Tourmaline Oil Corp. (a)(g)	244,300		10,826
			1,838,897
TOTAL ENERGY			2,365,051
Common Stocks - continued
	Shares		Value (000s)
FINANCIALS - 19.9%
Banks - 8.4%
Bank of America Corp.	29,647,627		$ 505,492
Bank of Ireland (a)	248,940,628		97,444
HDFC Bank Ltd. sponsored ADR	1,175,665		54,762
JPMorgan Chase & Co.	7,905,100		476,203
Metro Bank PLC Class A (a)(i)	419,395		8,839
PNC Financial Services Group, Inc.	2,131,389		182,404
Standard Chartered PLC (United Kingdom)	4,146,753		76,670
U.S. Bancorp	5,366,414		224,477
Wells Fargo & Co.	13,634,156		707,204
			2,333,495
Capital Markets - 2.9%
Ameriprise Financial, Inc.	1,012,939		124,976
BlackRock, Inc. Class A	462,146		151,732
Charles Schwab Corp.	5,540,664		162,840
KKR & Co. LP	1,570,300		35,018
Morgan Stanley	6,596,177		228,030
Oaktree Capital Group LLC Class A	1,120,576		57,261
The Blackstone Group LP	1,969,400		61,997
			821,854
Consumer Finance - 1.1%
American Express Co.	3,155,647		276,245
Discover Financial Services	639,200		41,158
			317,403
Diversified Financial Services - 1.9%
Berkshire Hathaway, Inc. Class A (a)	2,278		471,318
McGraw Hill Financial, Inc.	607,600		51,312
			522,630
Insurance - 4.5%
ACE Ltd.	1,107,595		116,153
AIA Group Ltd.	26,446,600		136,748
American International Group, Inc.	6,969,600		376,498
Fairfax Financial Holdings Ltd. (sub. vtg.)	229,100		102,648
Genworth Financial, Inc. Class A (a)	4,549,600		59,600
Marsh & McLennan Companies, Inc.	1,525,341		79,836
MetLife, Inc.	4,174,600		224,260
The Chubb Corp.	1,295,336		117,979
The Travelers Companies, Inc.	489,463		45,980
			1,259,702
Common Stocks - continued
	Shares		Value (000s)
FINANCIALS - continued
Real Estate Investment Trusts - 0.7%
American Tower Corp.	1,720,375		$ 161,079
Equity Residential (SBI)	611,000		37,625
			198,704
Real Estate Management & Development - 0.4%
Realogy Holdings Corp. (a)	2,847,000		105,908
TOTAL FINANCIALS			5,559,696
HEALTH CARE - 15.3%
Biotechnology - 5.1%
Agios Pharmaceuticals, Inc. (a)(e)	1,210,662		74,274
Amgen, Inc.	1,065,849		149,709
Avalanche Biotechnologies, Inc. (a)	36,500		1,248
Biogen Idec, Inc. (a)	1,019,286		337,190
BioMarin Pharmaceutical, Inc. (a)	731,745		52,803
Bluebird Bio, Inc. (a)	49,400		1,772
CSL Ltd.	2,785,434		180,885
Gilead Sciences, Inc. (a)	5,391,720		573,949
Karyopharm Therapeutics, Inc.	134,143		4,687
Light Sciences Oncology, Inc. (a)	2,708,254		0
Medivation, Inc. (a)	369,924		36,574
RXi Pharmaceuticals Corp. warrants 2/4/15 (a)	228,571		3
			1,413,094
Health Care Equipment & Supplies - 1.7%
Align Technology, Inc. (a)	2,038,058		105,327
Boston Scientific Corp. (a)	7,425,424		87,694
DexCom, Inc. (a)	478,238		19,125
Edwards Lifesciences Corp. (a)	573,400		58,573
High Power Exploration (a)	58,562		29
Medtronic, Inc.	792,600		49,102
The Cooper Companies, Inc.	617,351		96,152
Zimmer Holdings, Inc.	663,669		66,732
			482,734
Health Care Providers & Services - 2.7%
Aetna, Inc.	459,248		37,199
Cigna Corp.	196,400		17,812
HCA Holdings, Inc. (a)	370,700		26,142
Henry Schein, Inc. (a)	984,462		114,660
Tenet Healthcare Corp. (a)	340,500		20,222
UnitedHealth Group, Inc.	5,132,800		442,704
Common Stocks - continued
	Shares		Value (000s)
HEALTH CARE - continued
Health Care Providers & Services - continued
Universal Health Services, Inc. Class B	178,200		$ 18,622
WellPoint, Inc.	540,100		64,607
			741,968
Health Care Technology - 0.6%
Castlight Health, Inc.	1,325,100		17,147
Castlight Health, Inc. Class B (a)(e)	156,000		2,019
Cerner Corp. (a)	2,649,430		157,827
			176,993
Life Sciences Tools & Services - 2.2%
Eurofins Scientific SA	483,484		125,186
Illumina, Inc. (a)	644,651		105,671
Mettler-Toledo International, Inc. (a)	540,122		138,341
PAREXEL International Corp. (a)	1,093,350		68,979
Thermo Fisher Scientific, Inc.	1,351,035		164,421
			602,598
Pharmaceuticals - 3.0%
AbbVie, Inc.	357,400		20,643
Astellas Pharma, Inc.	9,416,000		140,199
Bristol-Myers Squibb Co.	1,754,700		89,806
Jazz Pharmaceuticals PLC (a)	125,000		20,070
Johnson & Johnson	3,452,200		367,970
Novo Nordisk A/S Series B	1,784,150		84,947
Perrigo Co. PLC	501,485		75,318
Teva Pharmaceutical Industries Ltd. sponsored ADR	807,900		43,425
			842,378
TOTAL HEALTH CARE			4,259,765
INDUSTRIALS - 6.8%
Aerospace & Defense - 0.1%
Precision Castparts Corp.	76,300		18,074
Air Freight & Logistics - 0.2%
FedEx Corp.	216,200		34,905
XPO Logistics, Inc. (a)	257,000		9,681
			44,586
Airlines - 0.5%
Ryanair Holdings PLC sponsored ADR (a)	1,592,295		89,853
Southwest Airlines Co.	1,725,300		58,263
			148,116
Common Stocks - continued
	Shares		Value (000s)
INDUSTRIALS - continued
Building Products - 0.3%
Fortune Brands Home & Security, Inc.	833,508		$ 34,266
Toto Ltd.	5,191,000		57,081
			91,347
Electrical Equipment - 1.1%
Eaton Corp. PLC	1,792,942		113,619
OSRAM Licht AG (a)	827,908		30,843
Rockwell Automation, Inc.	1,517,500		166,743
			311,205
Industrial Conglomerates - 0.5%
Danaher Corp.	1,741,368		132,309
Machinery - 0.2%
Fanuc Corp.	275,000		49,672
PACCAR, Inc.	98,200		5,585
			55,257
Professional Services - 0.4%
Verisk Analytics, Inc. (a)	1,883,256		114,671
Road & Rail - 3.2%
Canadian Pacific Railway Ltd. (e)	2,043,032		424,003
J.B. Hunt Transport Services, Inc.	653,330		48,379
Kansas City Southern	1,248,500		151,318
Union Pacific Corp.	2,465,132		267,270
			890,970
Trading Companies & Distributors - 0.3%
Air Lease Corp.:
Class A (g)	320,800		10,426
Class A	2,433,111		79,076
			89,502
TOTAL INDUSTRIALS			1,896,037
INFORMATION TECHNOLOGY - 20.1%
Communications Equipment - 0.9%
F5 Networks, Inc. (a)	178,500		21,195
Palo Alto Networks, Inc. (a)	56,900		5,582
QUALCOMM, Inc.	3,099,300		231,735
			258,512
Common Stocks - continued
	Shares		Value (000s)
INFORMATION TECHNOLOGY - continued
Electronic Equipment & Components - 1.5%
Amphenol Corp. Class A	3,296,253		$ 329,164
Trimble Navigation Ltd. (a)	3,003,100		91,595
			420,759
Internet Software & Services - 7.6%
Akamai Technologies, Inc. (a)	2,526,100		151,061
Alibaba Group Holding Ltd. sponsored ADR	1,579,400		140,330
Baidu.com, Inc. sponsored ADR (a)	75,400		16,455
Cornerstone OnDemand, Inc. (a)	1,131,200		38,925
Dropbox, Inc. (a)(i)	1,289,836		24,055
Facebook, Inc. Class A (a)	8,050,259		636,292
Google, Inc.:
Class A (a)	828,046		487,231
Class C (a)	848,446		489,859
GrubHub, Inc. (e)	410,900		14,069
Just Eat Ltd. (a)	965,582		4,618
NAVER Corp.	27,325		20,903
Shutterstock, Inc. (a)	587,750		41,954
SPS Commerce, Inc. (a)(f)	881,200		46,836
Twitter, Inc.	318,300		16,418
Yahoo!, Inc. (a)	48,324		1,969
			2,130,975
IT Services - 3.7%
Alliance Data Systems Corp. (a)	168,833		41,916
ASAC II LP (a)(i)	9,408,021		134,446
Computer Sciences Corp.	674,763		41,262
Fidelity National Information Services, Inc.	1,736,730		97,778
Fiserv, Inc. (a)	1,425,232		92,120
Gartner, Inc. Class A (a)	959,200		70,472
MasterCard, Inc. Class A	1,878,235		138,839
Quindell PLC (e)	10,937,232		25,754
Total System Services, Inc.	2,278,200		70,533
Visa, Inc. Class A	1,520,524		324,434
			1,037,554
Semiconductors & Semiconductor Equipment - 0.8%
Avago Technologies Ltd.	809,606		70,436
Freescale Semiconductor, Inc. (a)	2,089,430		40,807
GT Advanced Technologies, Inc. (a)(e)	1,451,700		15,722
NXP Semiconductors NV (a)	590,400		40,401
Common Stocks - continued
	Shares		Value (000s)
INFORMATION TECHNOLOGY - continued
Semiconductors & Semiconductor Equipment - continued
SunEdison, Inc. (a)	1,445,400		$ 27,289
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR	636,800		12,851
			207,506
Software - 5.4%
Activision Blizzard, Inc.	1,455,453		30,259
Adobe Systems, Inc. (a)	930,100		64,354
Intuit, Inc.	262,200		22,982
Microsoft Corp.	18,510,813		858,159
Mobileye NV	1,994,120		96,178
Mu Sigma, Inc. (a)(i)	3,718,956		20,008
NetSuite, Inc. (a)	959,489		85,913
salesforce.com, Inc. (a)	3,317,188		190,838
ServiceNow, Inc. (a)	716,423		42,111
Trion World Network, Inc.:
warrants 8/10/17 (a)(i)	18,952		0*
warrants 10/3/18 (a)(i)	27,736		0*
Ultimate Software Group, Inc. (a)	474,587		67,159
Workday, Inc. Class A (a)	190,631		15,727
Zendesk, Inc.	147,007		3,174
			1,496,862
Technology Hardware, Storage & Peripherals - 0.2%
First Data Holdings, Inc. Class B (i)	15,456,860		61,827
Samsung Electronics Co. Ltd.	2,430		2,727
			64,554
TOTAL INFORMATION TECHNOLOGY			5,616,722
MATERIALS - 4.5%
Chemicals - 3.2%
Air Products & Chemicals, Inc.	126,800		16,507
Airgas, Inc.	788,300		87,225
CF Industries Holdings, Inc.	116,200		32,445
Eastman Chemical Co.	1,109,450		89,743
Ecolab, Inc.	1,351,745		155,221
Filtrona PLC	2,391,886		30,924
LyondellBasell Industries NV Class A	328,200		35,662
Monsanto Co.	1,350,667		151,964
PPG Industries, Inc.	900,659		177,196
Common Stocks - continued
	Shares		Value (000s)
MATERIALS - continued
Chemicals - continued
Sherwin-Williams Co.	498,036		$ 109,065
Westlake Chemical Corp.	161,800		14,010
			899,962
Construction Materials - 0.1%
Eagle Materials, Inc.	156,403		15,927
Containers & Packaging - 0.2%
Rock-Tenn Co. Class A	1,282,040		60,999
Metals & Mining - 0.7%
B2Gold Corp. (a)	19,404,232		39,503
Franco-Nevada Corp.	1,065,961		52,320
GoviEx Uranium, Inc.	851,865		570
GoviEx Uranium, Inc. (g)	23,200		16
GoviEx Uranium, Inc.	2,625,135		1,582
Nucor Corp.	331,682		18,004
Steel Dynamics, Inc.	1,120,400		25,332
Tahoe Resources, Inc. (a)	2,435,000		49,550
United States Steel Corp.	435,800		17,070
			203,947
Paper & Forest Products - 0.3%
International Paper Co.	1,590,283		75,920
TOTAL MATERIALS			1,256,755
TOTAL COMMON STOCKS (Cost $19,308,256)		26,577,684
Convertible Preferred Stocks - 0.6%

CONSUMER DISCRETIONARY - 0.1%
Household Durables - 0.1%
Blu Homes, Inc. Series A, 5.00% (a)(i)	5,575,412		26,595
Media - 0.0%
Glam Media, Inc. Series M-1, 8.00% (a)(i)	165,366		858
TOTAL CONSUMER DISCRETIONARY			27,453
HEALTH CARE - 0.1%
Biotechnology - 0.0%
Intarcia Therapeutics, Inc. (a)(i)	516,522		16,730
Convertible Preferred Stocks - continued
	Shares		Value (000s)
HEALTH CARE - continued
Life Sciences Tools & Services - 0.1%
Living Proof, Inc. 8.00% (a)(i)	10,369,703		$ 18,400
TOTAL HEALTH CARE			35,130
INFORMATION TECHNOLOGY - 0.4%
Internet Software & Services - 0.3%
Dropbox, Inc.:
Series A (a)(i)	299,518		5,586
Series C (i)	161,770		3,017
Pinterest, Inc. (i)	1,761,729		29,923
Pinterest, Inc. Series E, 8.00% (i)	2,640,631		44,852
			83,378
IT Services - 0.1%
Nutanix, Inc. Series E (i)	783,938		10,502
Software - 0.0%
Cloudera, Inc. Series F (i)	312,284		5,093
Trion World Network, Inc.:
8.00% (a)(i)	50,840		65
Series C, 8.00% (a)(i)	602,295		765
Series C-1, 8.00% (a)(i)	47,380		60
			5,983
TOTAL INFORMATION TECHNOLOGY			99,863
TOTAL CONVERTIBLE PREFERRED STOCKS (Cost $147,682)		162,446

Corporate Bonds - 0.0%
		Principal Amount (000s) (d)
Convertible Bonds - 0.0%
INFORMATION TECHNOLOGY - 0.0%
Software - 0.0%
Trion World Network, Inc. 15% 10/10/15 pay-in-kind (i)		$ 185		185
Corporate Bonds - continued
		Principal Amount (000s) (d)		Value (000s)
Nonconvertible Bonds - 0.0%
FINANCIALS - 0.0%
Banks - 0.0%
Bank of Ireland 10% 7/30/16	EUR	3,571		$ 4,871
TOTAL CORPORATE BONDS (Cost $4,875)			5,056

Money Market Funds - 5.1%
	Shares
Fidelity Cash Central Fund, 0.12% (b)	976,115,521		976,116
Fidelity Securities Lending Cash Central Fund, 0.12% (b)(c)	458,330,044		458,330
TOTAL MONEY MARKET FUNDS (Cost $1,434,446)		1,434,446
TOTAL INVESTMENT PORTFOLIO - 100.9% (Cost $20,895,259)			28,179,632
NET OTHER ASSETS (LIABILITIES) - (0.9)%			(259,445)
NET ASSETS - 100%		$ 27,920,187

Currency Abbreviations
EUR	-	European Monetary Unit

Legend

(a) Non-income producing

(b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

(d) Amount is stated in United States dollars unless otherwise noted.

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

(f) Affiliated company

(g) 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 $26,814,000 or 0.1% of net assets.

(h) Investment is owned by an entity that is treated as a corporation for U.S. tax purposes and is owned by the Fund.

(i) 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 $432,581,000 or 1.5% of net assets.

Additional information on each restricted holding is as follows:

Security	Acquisition Date	Acquisition Cost (000s)
ASAC II LP	10/10/13	$ 94,080
Blu Homes, Inc. Series A, 5.00%	6/10/13	$ 25,758
Cloudera, Inc. Series F	2/5/14	$ 4,547
Dropbox, Inc.	5/2/12	$ 11,672
Dropbox, Inc. Series A	5/29/12	$ 2,710
Dropbox, Inc. Series C	1/30/14	$ 3,090
First Data Holdings, Inc. Class B	6/26/14	$ 61,827
Glam Media, Inc. Series M-1, 8.00%	3/19/08	$ 3,024
Security	Acquisition Date	Acquisition Cost (000s)
Intarcia Therapeutics, Inc.	11/14/12	$ 7,040
Legend Pictures LLC	9/23/10 - 12/18/12	$ 12,915
Living Proof, Inc. 8.00%	2/13/13	$ 18,400
Metro Bank PLC Class A	5/21/12 - 12/6/13	$ 7,617
Mu Sigma, Inc.	12/21/12	$ 15,000
Nutanix, Inc. Series E	8/26/14	$ 10,502
Pinterest, Inc.	5/15/14	$ 29,923
Pinterest, Inc. Series E, 8.00%	10/23/13	$ 38,370
Trion World Network, Inc. warrants 8/10/17	8/10/10	$ 0*
Trion World Network, Inc. warrants 10/3/18	10/10/13	$ 0*
Trion World Network, Inc. 8.00%	3/20/13	$ 267
Trion World Network, Inc. Series C, 8.00%	8/22/08	$ 3,307
Trion World Network, Inc. Series C-1, 8.00%	8/10/10	$ 260
Trion World Network, Inc. 15% 10/10/15 pay-in-kind	10/10/13	$ 172
Weinstein Co. Holdings LLC Class A-1	10/19/05	$ 2,267

* Amount represents less than $1,000

Quarterly Report

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	$ 498
Fidelity Securities Lending Cash Central Fund	2,931
Total	$ 3,429

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
GoviEx Uranium, Inc.	$ -	$ 50	$ -	$ -	$ -
GoviEx Uranium, Inc. Class A	-	-	-	-	-
GoviEx Uranium, Inc. Class B	-	-	-	-	-
Rooster Energy Ltd.	4,880	-	6,936	-	3,697
SPS Commerce, Inc.	57,542	-	-	-	46,836
Total	$ 62,422	$ 50	$ 6,936	$ -	$ 50,533

Other Information

The following is a summary of the inputs used, as of September 30, 2014, involving the Fund's assets and liabilities carried at fair 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	$ 3,911,349	$ 3,862,852	$ -	$ 48,497
Consumer Staples	1,739,762	1,739,762	-	-
Energy	2,365,051	2,320,758	44,293	-
Financials	5,559,696	5,453,413	97,444	8,839
Health Care	4,294,895	4,174,786	84,950	35,159
Industrials	1,896,037	1,896,037	-	-
Information Technology	5,716,585	5,280,208	96,178	340,199
Materials	1,256,755	1,255,173	1,582	-
Corporate Bonds	5,056	-	4,871	185
Money Market Funds	1,434,446	1,434,446	-	-
Total Investments in Securities:	$ 28,179,632	$ 27,417,435	$ 329,318	$ 432,879

Valuation Inputs at Reporting Date:

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:
Equities - Information Technology
Beginning Balance	$ 83,086
Net Realized Gain (Loss) on Investment Securities	-
Net Unrealized Gain (Loss) on Investment Securities	49,055
Cost of Purchases	109,890
Proceeds of Sales	(13,919)
Amortization/Accretion	-
Transfers into Level 3	112,087
Transfers out of Level 3	-
Ending Balance	$ 340,199
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at September 30, 2014	$ 49,055
Other Investments in Securities
Beginning Balance	$ 214,754
Net Realized Gain (Loss) on Investment Securities	-
Net Unrealized Gain (Loss) on Investment Securities	5,498
Cost of Purchases	13
Proceeds of Sales	(15,498)
Amortization/Accretion	-
Transfers into Level 3	8,901
Transfers out of Level 3	(120,988)
Ending Balance	$ 92,680
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at September 30, 2014	$ 9,449

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 represent 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 September 30, 2014, the cost of investment securities for income tax purposes was $20,912,413,000. Net unrealized appreciation aggregated $7,267,219,000, of which $7,714,864,000 related to appreciated investment securities and $447,645,000 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. In accordance with valuation policies and procedures approved by the Board of Trustees (the Board), the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Fidelity Management & Research Company (FMR) Fair Value Committee (the Committee), in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment 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 Committee oversees the Fund's valuation policies and procedures and is responsible for approving and reporting to the Board all fair value determinations. 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 a third party pricing vendor 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 market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. Utilizing these techniques may result in transfers between Level 1 and Level 2. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy. Equity securities, including restricted securities, for which observable inputs are not available, are valued using alternate valuation approaches, including the market approach and the income approach and are categorized as Level 3 in the hierarchy. The market approach generally consists of using comparable market transactions while the income approach generally consists of using the net present value of estimated future cash flows, adjusted as appropriate for liquidity, credit, market and/or other risk factors.

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. Corporate bonds are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices.

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

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.

The following provides information on Level 3 securities held by the Fund that were valued at period end based on unobservable inputs. These amounts exclude valuations provided by a broker.

Asset Type	Fair Value at 09/30/14 (000s)	Valuation Technique(s)	Unobservable Input	Amount or Range / Weighted Average	Impact to Valuation from an Increase in Input*
Common Stocks	$ 270,248	Adjusted book value	Book value multiple	1.0	Increase
		Expected distribution	Recovery rate	0.0%	Increase
		Last transaction price	Discount rate	0.5%	Decrease
			Transaction price	$ 4.00 - $5.38/ $4.34	Increase
			Adjusted transaction price	$ 18.65	Increase
		Market comparable	EV/EBITDA multiple	7.0 - 15.7/ 13.0	Increase
		Partnership NAV	Discount rate	10.0%	Decrease
Corporate Bonds	$ 185	Last transaction price	Transaction price	$ 100.00	Increase
Convertible Preferred Stocks	$ 162,446	Last transaction price	Transaction price	$ 1.77 - $32.39/ $16.49	Increase
			Adjusted transaction price	$ 18.65	Increase
		Liquidation scenario	Liquidation distribution	$ 5.19	Increase
		Marketcomparable	Discount rate	20.0%	Decrease
			Weightedearningsmultiple	2.8 - 9.4/ 6.1	Increase
			EV/EBITDA multiple	7.0	Increase
			EV/Sales multiple	10.1	Increase

Quarterly Report

Investments (Unaudited) - continued

* Represents the expected directional change in the fair value of the Level 3 investments that would result from an increase in the corresponding input. A decrease to the unobservable input would have the opposite effect. Significant changes in these inputs could result in significantly higher or lower fair value measurements.

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

Quarterly Holdings Report

for

Fidelity Advisor®
Series Opportunistic Insights
Fund

September 30, 2014

1.950956.101

AO1TI-QTLY-1114

Investments September 30, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 94.0%
	Shares		Value
CONSUMER DISCRETIONARY - 16.6%
Automobiles - 1.3%
Harley-Davidson, Inc.	8,597		$ 500,345
Tata Motors Ltd. sponsored ADR	11,189		489,071
Tesla Motors, Inc. (a)(d)	42,710		10,364,863
			11,354,279
Hotels, Restaurants & Leisure - 3.2%
ARAMARK Holdings Corp.	27,300		717,990
Buffalo Wild Wings, Inc. (a)	856		114,935
Chipotle Mexican Grill, Inc. (a)	11,929		7,951,752
Darden Restaurants, Inc.	8,300		427,118
Domino's Pizza, Inc.	3,200		246,272
Marriott International, Inc. Class A	61,700		4,312,830
Sodexo SA	900		88,075
Starbucks Corp.	163,000		12,299,980
Whitbread PLC	26,043		1,753,803
			27,912,755
Internet & Catalog Retail - 4.7%
Amazon.com, Inc. (a)	38,493		12,411,683
Liberty Interactive Corp. (Venture Group) Series A (a)	4,200		159,432
Liberty TripAdvisor Holdings, Inc. (a)	4,200		142,380
Netflix, Inc. (a)	8,461		3,817,434
priceline.com, Inc. (a)	10,600		12,280,948
TripAdvisor, Inc. (a)	122,834		11,229,484
zulily, Inc. Class A	2,300		87,147
			40,128,508
Leisure Products - 0.4%
Polaris Industries, Inc.	23,100		3,460,149
Media - 3.1%
Altice SA	6,300		333,646
CBS Corp. Class B	488		26,108
Charter Communications, Inc. Class A (a)	3,697		559,615
Comcast Corp. Class A	59,668		3,208,945
DISH Network Corp. Class A (a)	18,900		1,220,562
Liberty Global PLC:
Class A (a)	80,548		3,426,512
Class C	73,948		3,032,977
Liberty Media Corp.:
Class A (a)	31,702		1,495,700
Common Stocks - continued
	Shares		Value
CONSUMER DISCRETIONARY - continued
Media - continued
Liberty Media Corp.: - continued
Class C (a)	89,604		$ 4,210,492
The Walt Disney Co.	100,500		8,947,515
			26,462,072
Multiline Retail - 0.2%
B&M European Value Retail S.A.	105,814		471,736
Next PLC	13,900		1,488,370
			1,960,106
Specialty Retail - 1.3%
AutoZone, Inc. (a)	2,000		1,019,320
Home Depot, Inc.	4,600		422,004
O'Reilly Automotive, Inc. (a)	11,326		1,702,977
TJX Companies, Inc.	143,288		8,478,351
			11,622,652
Textiles, Apparel & Luxury Goods - 2.4%
Coach, Inc.	2,400		85,464
NIKE, Inc. Class B	134,845		12,028,174
Under Armour, Inc. Class A (sub. vtg.) (a)	120,300		8,312,730
			20,426,368
TOTAL CONSUMER DISCRETIONARY			143,326,889
CONSUMER STAPLES - 6.7%
Beverages - 0.6%
Anheuser-Busch InBev SA NV ADR	15,000		1,662,750
Boston Beer Co., Inc. Class A (a)	15,131		3,355,451
Dr. Pepper Snapple Group, Inc.	2,800		180,068
Monster Beverage Corp. (a)	3,400		311,678
			5,509,947
Food & Staples Retailing - 1.5%
Costco Wholesale Corp.	41,100		5,150,652
CVS Health Corp.	96,424		7,674,386
Sprouts Farmers Market LLC (a)(d)	19,249		559,568
			13,384,606
Food Products - 1.7%
Associated British Foods PLC	187,932		8,162,001
Keurig Green Mountain, Inc.	8,800		1,145,144
Mead Johnson Nutrition Co. Class A	9,800		942,956
Common Stocks - continued
	Shares		Value
CONSUMER STAPLES - continued
Food Products - continued
Mondelez International, Inc.	123,535		$ 4,232,927
Want Want China Holdings Ltd.	70,000		87,265
			14,570,293
Household Products - 1.5%
Colgate-Palmolive Co.	190,235		12,407,127
Procter & Gamble Co.	5,200		435,448
			12,842,575
Personal Products - 1.4%
Estee Lauder Companies, Inc. Class A	152,184		11,371,188
L'Oreal SA	1,922		305,147
			11,676,335
TOTAL CONSUMER STAPLES			57,983,756
ENERGY - 3.5%
Energy Equipment & Services - 0.8%
Schlumberger Ltd.	71,250		7,245,413
Oil, Gas & Consumable Fuels - 2.7%
Anadarko Petroleum Corp.	9,500		963,680
Antero Resources Corp.	5,300		290,917
BG Group PLC	14,300		263,990
Birchcliff Energy Ltd. (a)	9,200		87,157
Canadian Natural Resources Ltd.	10,900		423,464
Chevron Corp.	200		23,864
Concho Resources, Inc. (a)	2,300		288,397
Continental Resources, Inc. (a)(d)	55,510		3,690,305
EOG Resources, Inc.	147,786		14,633,770
Kinder Morgan Holding Co. LLC	40,900		1,568,106
Painted Pony Petroleum Ltd. (a)	5,200		58,270
PrairieSky Royalty Ltd.	8,700		273,829
The Williams Companies, Inc.	7,800		431,730
			22,997,479
TOTAL ENERGY			30,242,892
FINANCIALS - 11.7%
Banks - 4.5%
Banco Santander Chile sponsored ADR	24,100		532,369
Bank of America Corp.	246,500		4,202,825
Citigroup, Inc.	97,773		5,066,597
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Banks - continued
HDFC Bank Ltd. sponsored ADR	24,900		$ 1,159,842
JPMorgan Chase & Co.	37,800		2,277,072
M&T Bank Corp. (d)	24,015		2,960,809
The Toronto-Dominion Bank	21,000		1,036,359
U.S. Bancorp	47,631		1,992,405
Wells Fargo & Co.	382,704		19,850,856
			39,079,134
Capital Markets - 1.3%
Ameriprise Financial, Inc.	14,800		1,826,024
BlackRock, Inc. Class A	16,947		5,564,039
Charles Schwab Corp.	68,600		2,016,154
Morgan Stanley	26,858		928,481
Oaktree Capital Group LLC Class A	22,608		1,155,269
			11,489,967
Consumer Finance - 1.8%
American Express Co.	158,045		13,835,259
Discover Financial Services	24,100		1,551,799
			15,387,058
Diversified Financial Services - 2.9%
Berkshire Hathaway, Inc. Class A (a)	111		22,965,900
McGraw Hill Financial, Inc.	20,153		1,701,921
			24,667,821
Insurance - 0.9%
ACE Ltd.	5,164		541,549
AIA Group Ltd.	12,200		63,083
American International Group, Inc.	13,700		740,074
Direct Line Insurance Group PLC	110,900		528,929
Fairfax Financial Holdings Ltd. (sub. vtg.)	900		403,242
Marsh & McLennan Companies, Inc.	63,722		3,335,209
Prudential PLC	82,923		1,843,491
The Chubb Corp.	3,538		322,241
			7,777,818
Real Estate Investment Trusts - 0.3%
American Tower Corp.	10,800		1,011,204
Equity Residential (SBI)	18,300		1,126,914
			2,138,118
TOTAL FINANCIALS			100,539,916
Common Stocks - continued
	Shares		Value
HEALTH CARE - 17.7%
Biotechnology - 7.6%
Agios Pharmaceuticals, Inc. (a)	7,800		$ 478,530
Akebia Therapeutics, Inc. (a)	1,900		42,047
Alexion Pharmaceuticals, Inc. (a)	12,600		2,089,332
Amgen, Inc.	2,711		380,787
Avalanche Biotechnologies, Inc. (a)	1,100		37,609
Biogen Idec, Inc. (a)	70,351		23,272,814
Bluebird Bio, Inc. (a)	1,500		53,820
Enanta Pharmaceuticals, Inc. (a)	10,374		410,499
Gilead Sciences, Inc. (a)	319,105		33,968,727
Karyopharm Therapeutics, Inc.	4,400		153,736
Medivation, Inc. (a)	11,700		1,156,779
Opko Health, Inc. (a)(d)	9,500		80,845
OvaScience, Inc. (a)	137,397		2,280,790
Puma Biotechnology, Inc. (a)	600		143,142
Regeneron Pharmaceuticals, Inc. (a)	700		252,364
Vertex Pharmaceuticals, Inc. (a)	900		101,079
			64,902,900
Health Care Equipment & Supplies - 0.9%
Boston Scientific Corp. (a)	161,200		1,903,772
C.R. Bard, Inc.	5,100		727,821
Covidien PLC	10,000		865,100
DexCom, Inc. (a)	18,472		738,695
Medtronic, Inc.	27,121		1,680,146
Stryker Corp.	1,000		80,750
Zimmer Holdings, Inc.	18,300		1,840,065
			7,836,349
Health Care Providers & Services - 2.7%
Aetna, Inc.	17,014		1,378,134
AmerisourceBergen Corp.	29,025		2,243,633
Cardinal Health, Inc.	16,850		1,262,402
Cigna Corp.	7,100		643,899
HCA Holdings, Inc. (a)	11,300		796,876
Henry Schein, Inc. (a)	54,193		6,311,859
MWI Veterinary Supply, Inc. (a)	2,017		299,323
Tenet Healthcare Corp. (a)	10,631		631,375
UnitedHealth Group, Inc.	84,834		7,316,933
Universal Health Services, Inc. Class B	5,600		585,200
WellPoint, Inc.	16,900		2,021,578
			23,491,212
Common Stocks - continued
	Shares		Value
HEALTH CARE - continued
Health Care Technology - 0.5%
Castlight Health, Inc. Class B (a)(d)	5,600		$ 72,464
Cerner Corp. (a)	74,019		4,409,312
			4,481,776
Life Sciences Tools & Services - 0.9%
Eurofins Scientific SA	700		181,248
Illumina, Inc. (a)	4,586		751,737
Mettler-Toledo International, Inc. (a)	12,055		3,087,647
PAREXEL International Corp. (a)	1,400		88,326
Thermo Fisher Scientific, Inc.	32,181		3,916,428
			8,025,386
Pharmaceuticals - 5.1%
AbbVie, Inc.	171,709		9,917,912
Actavis PLC (a)	19,433		4,688,794
Astellas Pharma, Inc.	114,900		1,710,797
Biodelivery Sciences International, Inc. (a)(d)	257,433		4,399,530
Bristol-Myers Squibb Co.	46,868		2,398,704
Jazz Pharmaceuticals PLC (a)	3,800		610,128
Johnson & Johnson	166,374		17,733,805
Novo Nordisk A/S Series B	9,300		442,790
Pacira Pharmaceuticals, Inc. (a)	800		77,536
Shire PLC	6,800		586,715
Teva Pharmaceutical Industries Ltd. sponsored ADR	24,000		1,290,000
			43,856,711
TOTAL HEALTH CARE			152,594,334
INDUSTRIALS - 6.3%
Aerospace & Defense - 0.5%
AeroVironment, Inc. (a)	2,682		80,648
Honeywell International, Inc.	2,727		253,938
Precision Castparts Corp.	15,109		3,579,020
The Boeing Co.	3,468		441,754
TransDigm Group, Inc.	793		146,174
			4,501,534
Air Freight & Logistics - 0.5%
FedEx Corp.	16,400		2,647,780
XPO Logistics, Inc. (a)(d)	43,461		1,637,176
			4,284,956
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Airlines - 0.4%
Delta Air Lines, Inc.	2,200		$ 79,530
Ryanair Holdings PLC sponsored ADR (a)	8,000		451,440
Southwest Airlines Co.	61,300		2,070,101
United Continental Holdings, Inc. (a)	12,300		575,517
			3,176,588
Building Products - 0.0%
Fortune Brands Home & Security, Inc.	2,400		98,664
Toto Ltd.	27,000		296,895
			395,559
Construction & Engineering - 0.2%
Jacobs Engineering Group, Inc. (a)	30,100		1,469,482
Industrial Conglomerates - 1.3%
3M Co.	34,723		4,919,555
Danaher Corp.	86,120		6,543,398
			11,462,953
Machinery - 0.4%
Illinois Tool Works, Inc.	36,793		3,106,065
PACCAR, Inc.	3,000		170,625
Xylem, Inc.	600		21,294
			3,297,984
Professional Services - 0.2%
Robert Half International, Inc.	3,400		166,600
Verisk Analytics, Inc. (a)	26,478		1,612,245
			1,778,845
Road & Rail - 2.6%
Canadian Pacific Railway Ltd.	60,400		12,535,177
Union Pacific Corp.	87,240		9,458,561
			21,993,738
Trading Companies & Distributors - 0.2%
Air Lease Corp. Class A	39,650		1,288,625
Noble Group Ltd.	543,377		553,727
			1,842,352
TOTAL INDUSTRIALS			54,203,991
INFORMATION TECHNOLOGY - 27.9%
Communications Equipment - 0.6%
F5 Networks, Inc. (a)	7,200		854,928
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Communications Equipment - continued
Palo Alto Networks, Inc. (a)	6,000		$ 588,600
QUALCOMM, Inc.	48,249		3,607,578
			5,051,106
Electronic Equipment & Components - 1.0%
Amphenol Corp. Class A	82,800		8,268,408
Internet Software & Services - 14.7%
Akamai Technologies, Inc. (a)	17,300		1,034,540
Alibaba Group Holding Ltd. sponsored ADR	25,500		2,265,675
Baidu.com, Inc. sponsored ADR (a)	2,400		523,752
Constant Contact, Inc. (a)	8,202		222,602
Facebook, Inc. Class A (a)	830,406		65,635,288
Google, Inc.:
Class A (a)	40,739		23,971,235
Class C (a)	41,439		23,925,221
GrubHub, Inc. (d)	12,500		428,000
Just Eat Ltd. (a)	29,690		141,989
LinkedIn Corp. (a)	7,722		1,604,554
NAVER Corp.	1,322		1,011,284
Shutterstock, Inc. (a)	500		35,690
Tencent Holdings Ltd.	44,300		659,248
Twitter, Inc.	11,900		613,802
Yahoo!, Inc. (a)	113,105		4,609,029
			126,681,909
IT Services - 3.6%
ASAC II LP (a)(f)	224,957		3,214,763
CGI Group, Inc. Class A (sub. vtg.) (a)	10,100		341,251
Computer Sciences Corp.	26,375		1,612,831
Fidelity National Information Services, Inc.	66,997		3,771,931
Fiserv, Inc. (a)	3,800		245,613
FleetCor Technologies, Inc. (a)	4,400		625,328
Gartner, Inc. Class A (a)	3,000		220,410
Global Payments, Inc.	4,800		335,424
MasterCard, Inc. Class A	185,990		13,748,381
Visa, Inc. Class A	32,110		6,851,311
			30,967,243
Semiconductors & Semiconductor Equipment - 1.1%
Avago Technologies Ltd.	44,800		3,897,600
Cavium, Inc. (a)	11,700		581,841
Freescale Semiconductor, Inc. (a)	65,051		1,270,446
KLA-Tencor Corp.	1,100		86,658
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Semiconductors & Semiconductor Equipment - continued
Microchip Technology, Inc.	1,400		$ 66,122
NXP Semiconductors NV (a)	19,898		1,361,620
RF Micro Devices, Inc. (a)	8,074		93,174
Skyworks Solutions, Inc.	8,300		481,815
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR	65,900		1,329,862
TriQuint Semiconductor, Inc. (a)	4,700		89,629
			9,258,767
Software - 5.0%
Activision Blizzard, Inc.	3,500		72,765
Adobe Systems, Inc. (a)	41,373		2,862,598
Concur Technologies, Inc. (a)	9,500		1,204,790
Intuit, Inc.	8,000		701,200
Microsoft Corp.	317,707		14,728,897
Mobileye NV	46,665		2,250,700
salesforce.com, Inc. (a)	178,525		10,270,543
ServiceNow, Inc. (a)	56,411		3,315,839
SolarWinds, Inc. (a)	1,900		79,895
Ultimate Software Group, Inc. (a)(d)	35,141		4,972,803
Workday, Inc. Class A (a)	24,500		2,021,250
Xero Ltd. (a)	6,120		103,196
Zendesk, Inc.	7,100		153,289
			42,737,765
Technology Hardware, Storage & Peripherals - 1.9%
Apple, Inc.	153,041		15,418,881
Samsung Electronics Co. Ltd.	1,121		1,258,130
Xaar PLC	24,188		147,439
			16,824,450
TOTAL INFORMATION TECHNOLOGY			239,789,648
MATERIALS - 3.4%
Chemicals - 2.8%
Air Products & Chemicals, Inc.	3,900		507,702
CF Industries Holdings, Inc.	3,500		977,270
Ecolab, Inc.	65,793		7,555,010
Filtrona PLC	13,300		171,951
LyondellBasell Industries NV Class A	16,074		1,746,601
Monsanto Co.	11,231		1,263,600
PPG Industries, Inc.	41,831		8,229,831
Common Stocks - continued
	Shares		Value
MATERIALS - continued
Chemicals - continued
Sherwin-Williams Co.	13,800		$ 3,022,062
Westlake Chemical Corp.	5,400		467,586
			23,941,613
Construction Materials - 0.1%
Eagle Materials, Inc.	10,718		1,091,414
Containers & Packaging - 0.0%
Ball Corp.	2,600		164,502
Metals & Mining - 0.5%
B2Gold Corp. (a)	61,000		124,184
Barrick Gold Corp.	8,900		130,884
Eldorado Gold Corp.	22,800		153,703
Franco-Nevada Corp.	13,200		647,890
Ivanhoe Mines Ltd. (a)	72,500		73,798
Nucor Corp.	11,410		619,335
POSCO	775		238,452
Primero Mining Corp. (a)	60,700		295,384
Steel Dynamics, Inc.	37,800		854,658
Tahoe Resources, Inc. (a)	3,600		73,257
United States Steel Corp.	13,200		517,044
			3,728,589
TOTAL MATERIALS			28,926,118
TELECOMMUNICATION SERVICES - 0.2%
Diversified Telecommunication Services - 0.0%
Iliad SA	643		136,115
Wireless Telecommunication Services - 0.2%
SoftBank Corp.	11,300		789,293
T-Mobile U.S., Inc. (a)	14,800		427,276
			1,216,569
TOTAL TELECOMMUNICATION SERVICES			1,352,684
TOTAL COMMON STOCKS (Cost $583,129,251)		808,960,228
Preferred Stocks - 0.6%
	Shares		Value
Convertible Preferred Stocks - 0.6%
CONSUMER DISCRETIONARY - 0.1%
Diversified Consumer Services - 0.0%
Airbnb, Inc. Series D (f)	4,308		$ 175,392
Household Durables - 0.1%
Blu Homes, Inc. Series A, 5.00% (a)(f)	127,173		606,615
TOTAL CONSUMER DISCRETIONARY			782,007
INFORMATION TECHNOLOGY - 0.5%
Internet Software & Services - 0.5%
Dropbox, Inc. Series C (f)	53,923		1,005,664
Pinterest, Inc. (f)	66,300		1,126,117
Pinterest, Inc. Series E, 8.00% (f)	63,759		1,082,958
Uber Technologies, Inc. 8.00% (f)	9,186		570,012
			3,784,751
IT Services - 0.0%
Nutanix, Inc. Series E (f)	24,249		324,852
Software - 0.0%
Cloudera, Inc. Series F (f)	9,618		156,870
Technology Hardware, Storage & Peripherals - 0.0%
Pure Storage, Inc. Series E (a)(f)	11,508		157,199
TOTAL INFORMATION TECHNOLOGY			4,423,672
TOTAL CONVERTIBLE PREFERRED STOCKS			5,205,679
Nonconvertible Preferred Stocks - 0.0%
FINANCIALS - 0.0%
Banks - 0.0%
Royal Bank of Scotland Group PLC 0.00%	10,800		264,600
TOTAL PREFERRED STOCKS (Cost $5,225,281)		5,470,279

Bank Loan Obligations - 0.1%
	Principal Amount	Value
INDUSTRIALS - 0.1%
Building Products - 0.1%
Jeld-Wen, Inc. Tranche B, term loan 9/24/21 (e) (Cost $425,700)	$ 430,000	$ 426,508

Money Market Funds - 8.1%
	Shares
Fidelity Cash Central Fund, 0.12% (b)	44,213,534		44,213,534
Fidelity Securities Lending Cash Central Fund, 0.12% (b)(c)	25,772,727		25,772,727
TOTAL MONEY MARKET FUNDS (Cost $69,986,261)		69,986,261
TOTAL INVESTMENT PORTFOLIO - 102.8% (Cost $658,766,493)			884,843,276
NET OTHER ASSETS (LIABILITIES) - (2.8)%			(23,845,679)
NET ASSETS - 100%		$ 860,997,597

Legend

(a) Non-income producing

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

(e) The coupon rate will be determined upon settlement of the loan after period end.

(f) 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 $8,420,442 or 1.0% of net assets.

Additional information on each restricted holding is as follows:

Security	Acquisition Date	Acquisition Cost
Airbnb, Inc. Series D	4/16/14	$ 175,392
ASAC II LP	10/10/13	$ 2,249,570
Blu Homes, Inc. Series A, 5.00%	6/10/13	$ 587,539
Cloudera, Inc. Series F	2/5/14	$ 140,038
Dropbox, Inc. Series C	1/30/14	$ 1,029,994
Nutanix, Inc. Series E	8/26/14	$ 324,852
Pinterest, Inc.	5/15/14	$ 1,126,117
Pinterest, Inc. Series E, 8.00%	10/23/13	$ 926,463
Pure Storage, Inc. Series E	8/22/13	$ 79,768
Uber Technologies, Inc. 8.00%	6/6/14	$ 570,012

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
Fidelity Cash Central Fund	$ 24,102
Fidelity Securities Lending Cash Central Fund	65,632
Total	$ 89,734

Other Information

The following is a summary of the inputs used, as of September 30, 2014, involving the Fund's assets and liabilities carried at fair 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 table below, please refer to the Investment Valuation section at the end of this listing.

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 144,108,896	$ 143,326,889	$ -	$ 782,007
Consumer Staples	57,983,756	57,983,756	-	-
Energy	30,242,892	29,978,902	263,990	-
Financials	100,804,516	98,961,025	1,843,491	-
Health Care	152,594,334	151,564,829	1,029,505	-
Industrials	54,203,991	54,203,991	-	-
Information Technology	244,213,320	233,664,937	2,909,948	7,638,435
Materials	28,926,118	28,687,666	238,452	-
Telecommunication Services	1,352,684	563,391	789,293	-
Bank Loan Obligations	426,508	-	426,508	-
Money Market Funds	69,986,261	69,986,261	-	-
Total Investments in Securities:	$ 884,843,276	$ 868,921,647	$ 7,501,187	$ 8,420,442

Income Tax Information

At September 30, 2014, the cost of investment securities for income tax purposes was $659,385,103. Net unrealized appreciation aggregated $225,458,173, of which $230,636,750 related to appreciated investment securities and $5,178,577 related to depreciated investment securities.

Investment Valuation

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. Bank loan obligations are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices.

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.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Contrafund®

September 30, 2014

1.807733.110

CON-QTLY-1114

Investments September 30, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 95.4%
	Shares		Value (000s)
CONSUMER DISCRETIONARY - 16.4%
Automobiles - 1.2%
Harley-Davidson, Inc.	913,797		$ 53,183
Mahindra & Mahindra Ltd. (a)	2,881,322		63,302
Maruti Suzuki India Ltd. (a)	1,008,951		52,274
Tata Motors Ltd. sponsored ADR	1,356,980		59,314
Tesla Motors, Inc. (a)(e)	4,584,679		1,112,610
			1,340,683
Hotels, Restaurants & Leisure - 3.3%
ARAMARK Holdings Corp.	3,606,400		94,848
Buffalo Wild Wings, Inc. (a)	46,364		6,225
Chipotle Mexican Grill, Inc. (a)(f)	1,720,565		1,146,911
Darden Restaurants, Inc.	948,009		48,785
Domino's Pizza, Inc.	488,900		37,626
Dunkin' Brands Group, Inc.	3,901,291		174,856
Marriott International, Inc. Class A	5,695,852		398,140
Sodexo SA	114,000		11,156
Starbucks Corp.	17,055,123		1,286,980
Tim Hortons, Inc. (Canada)	1,270,952		100,081
Whitbread PLC	3,629,344		244,409
			3,550,017
Internet & Catalog Retail - 3.7%
Amazon.com, Inc. (a)	4,535,120		1,462,304
Liberty Interactive Corp.:
(Venture Group) Series A (a)	1,031,840		39,169
Series A (a)	2,064,857		58,890
Liberty TripAdvisor Holdings, Inc. (a)	1,031,840		34,979
Netflix, Inc. (a)	1,153,913		520,622
priceline.com, Inc. (a)	1,007,373		1,167,122
TripAdvisor, Inc. (a)	8,140,697		744,223
			4,027,309
Leisure Products - 0.1%
Polaris Industries, Inc.	739,278		110,736
Media - 4.1%
Altice SA	767,921		40,669
Charter Communications, Inc. Class A (a)	576,629		87,284
Comcast Corp. Class A	11,834,448		636,457
Discovery Communications, Inc.:
Class A (a)	4,079,543		154,207
Class C (non-vtg.) (a)	5,336,843		198,958
DISH Network Corp. Class A (a)	2,485,975		160,544
Legend Pictures LLC (a)(h)(j)	52,165		94,053
Common Stocks - continued
	Shares		Value (000s)
CONSUMER DISCRETIONARY - continued
Media - continued
Liberty Global PLC:
Class A (a)	5,710,715		$ 242,934
Class C	4,972,615		203,952
Liberty Media Corp.:
Class A (a)	1,027,080		48,458
Class C (a)	5,702,560		267,963
The Walt Disney Co.	26,016,744		2,316,271
Weinstein Co. Holdings LLC Class A-1 (a)(h)(j)	41,234		7,184
			4,458,934
Multiline Retail - 0.0%
B&M European Value Retail S.A.	14,164,068		63,146
Specialty Retail - 1.9%
AutoZone, Inc. (a)	262,150		133,607
Home Depot, Inc.	581,000		53,301
O'Reilly Automotive, Inc. (a)	1,671,129		251,271
TJX Companies, Inc.	26,947,209		1,594,466
			2,032,645
Textiles, Apparel & Luxury Goods - 2.1%
Coach, Inc.	332,500		11,840
NIKE, Inc. Class B	16,236,812		1,448,324
Under Armour, Inc. Class A (sub. vtg.) (a)	11,496,498		794,408
			2,254,572
TOTAL CONSUMER DISCRETIONARY			17,838,042
CONSUMER STAPLES - 6.7%
Beverages - 1.0%
Anheuser-Busch InBev SA NV ADR	1,882,984		208,729
Boston Beer Co., Inc. Class A (a)	494,024		109,555
Dr. Pepper Snapple Group, Inc.	379,800		24,425
Monster Beverage Corp. (a)	508,900		46,651
The Coca-Cola Co.	16,915,462		721,614
			1,110,974
Food & Staples Retailing - 1.7%
Costco Wholesale Corp.	4,684,764		587,095
CVS Health Corp.	14,804,544		1,178,294
Sprouts Farmers Market LLC (a)	286,109		8,317
			1,773,706
Common Stocks - continued
	Shares		Value (000s)
CONSUMER STAPLES - continued
Food Products - 1.1%
Associated British Foods PLC	11,672,407		$ 506,940
Keurig Green Mountain, Inc.	1,295,100		168,531
Mead Johnson Nutrition Co. Class A	1,323,900		127,386
Mondelez International, Inc.	12,021,063		411,902
			1,214,759
Household Products - 1.8%
Colgate-Palmolive Co.	29,365,090		1,915,191
Procter & Gamble Co.	760,315		63,669
			1,978,860
Personal Products - 1.1%
Estee Lauder Companies, Inc. Class A	14,665,270		1,095,789
L'Oreal SA	332,408		52,775
			1,148,564
TOTAL CONSUMER STAPLES			7,226,863
ENERGY - 5.1%
Energy Equipment & Services - 0.7%
Schlumberger Ltd.	6,988,474		710,658
Oil, Gas & Consumable Fuels - 4.4%
Americas Petrogas, Inc. (a)(g)	3,560,563		2,003
Anadarko Petroleum Corp.	1,397,000		141,712
Antero Resources Corp.	695,385		38,170
BG Group PLC	1,999,400		36,911
Birchcliff Energy Ltd. (a)	4,286,211		40,606
Birchcliff Energy Ltd. (a)(g)	686,127		6,500
Canadian Natural Resources Ltd.	1,625,372		63,146
Concho Resources, Inc. (a)	764,080		95,808
Continental Resources, Inc. (a)(e)	7,118,867		473,262
EOG Resources, Inc.	12,242,196		1,212,222
Kinder Morgan Holding Co. LLC (e)	5,839,400		223,883
Noble Energy, Inc. (f)	31,205,089		2,133,180
Painted Pony Petroleum Ltd. (a)	656,100		7,352
PrairieSky Royalty Ltd. (e)	1,114,200		35,069
TAG Oil Ltd. (a)(g)	1,365,192		2,109
The Williams Companies, Inc.	1,061,500		58,754
Common Stocks - continued
	Shares		Value (000s)
ENERGY - continued
Oil, Gas & Consumable Fuels - continued
Tourmaline Oil Corp. (a)	3,342,583		$ 148,125
Tourmaline Oil Corp. (a)(g)	1,112,059		49,280
			4,768,092
TOTAL ENERGY			5,478,750
FINANCIALS - 16.5%
Banks - 7.1%
Bank of America Corp.	33,388,074		569,267
Bank of Ireland (a)	1,353,416,112		529,775
Citigroup, Inc.	7,982,728		413,665
HDFC Bank Ltd. sponsored ADR	3,086,561		143,772
JPMorgan Chase & Co.	9,919,349		597,542
Kotak Mahindra Bank Ltd.	810,000		13,248
M&T Bank Corp. (e)	1,227,492		151,337
Metro Bank PLC Class A (a)(f)(j)	4,680,628		98,644
PNC Financial Services Group, Inc.	3,003,494		257,039
PT Bank Central Asia Tbk	49,191,400		52,784
The Toronto-Dominion Bank	2,768,600		136,632
U.S. Bancorp	25,423,650		1,063,471
Wells Fargo & Co.	70,262,475		3,644,515
			7,671,691
Capital Markets - 1.2%
Ameriprise Financial, Inc.	1,891,380		233,358
BlackRock, Inc. Class A	1,626,865		534,132
Charles Schwab Corp.	10,515,160		309,041
Morgan Stanley	4,954,157		171,265
Oaktree Capital Group LLC Class A	1,969,172		100,625
			1,348,421
Consumer Finance - 1.5%
American Express Co.	15,643,997		1,369,475
Discover Financial Services	3,451,700		222,255
			1,591,730
Diversified Financial Services - 4.8%
Berkshire Hathaway, Inc. Class A (a)	24,290		5,025,599
McGraw Hill Financial, Inc.	2,749,082		232,160
			5,257,759
Common Stocks - continued
	Shares		Value (000s)
FINANCIALS - continued
Insurance - 1.5%
ACE Ltd.	3,718,179		$ 389,925
AIA Group Ltd.	61,418,400		317,578
American International Group, Inc.	1,684,550		90,999
Direct Line Insurance Group PLC	14,097,400		67,236
Fairfax Financial Holdings Ltd. (sub. vtg.)	110,722		49,609
Marsh & McLennan Companies, Inc.	6,077,671		318,105
Prudential PLC	4,098,632		91,118
The Chubb Corp.	3,123,992		284,533
The Travelers Companies, Inc.	567,835		53,342
			1,662,445
Real Estate Investment Trusts - 0.4%
American Tower Corp.	2,683,490		251,255
Equity Residential (SBI)	2,405,000		148,100
			399,355
TOTAL FINANCIALS			17,931,401
HEALTH CARE - 15.4%
Biotechnology - 4.8%
Agios Pharmaceuticals, Inc. (a)(e)	1,231,944		75,580
Akebia Therapeutics, Inc. (a)	246,200		5,448
Alexion Pharmaceuticals, Inc. (a)	2,118,102		351,224
Amgen, Inc.	140,385		19,718
Auspex Pharmaceuticals, Inc.	756,500		19,419
Avalanche Biotechnologies, Inc. (a)	141,600		4,841
Biogen Idec, Inc. (a)	8,307,199		2,748,105
Bluebird Bio, Inc. (a)	191,300		6,864
Gilead Sciences, Inc. (a)	16,511,002		1,757,596
Karyopharm Therapeutics, Inc.	521,900		18,235
Medivation, Inc. (a)	1,456,830		144,037
Opko Health, Inc. (a)(e)	1,424,300		12,121
Puma Biotechnology, Inc. (a)	65,081		15,526
Regeneron Pharmaceuticals, Inc. (a)	96,200		34,682
			5,213,396
Health Care Equipment & Supplies - 1.2%
Boston Scientific Corp. (a)	24,927,088		294,389
C.R. Bard, Inc.	672,017		95,904
Covidien PLC	1,299,778		112,444
DexCom, Inc. (a)	1,959,563		78,363
Medtronic, Inc.	4,319,517		267,594
Common Stocks - continued
	Shares		Value (000s)
HEALTH CARE - continued
Health Care Equipment & Supplies - continued
Stryker Corp.	2,022,114		$ 163,286
Zimmer Holdings, Inc.	2,547,800		256,181
			1,268,161
Health Care Providers & Services - 2.8%
Aetna, Inc.	2,179,119		176,509
AmerisourceBergen Corp.	4,929,109		381,020
Cardinal Health, Inc.	2,479,566		185,769
Cigna Corp.	1,029,935		93,405
HCA Holdings, Inc. (a)	1,682,800		118,671
Henry Schein, Inc. (a)	2,709,616		315,589
Tenet Healthcare Corp. (a)	1,584,890		94,127
UnitedHealth Group, Inc.	15,346,099		1,323,601
Universal Health Services, Inc. Class B	729,900		76,275
WellPoint, Inc.	2,286,700		273,535
			3,038,501
Health Care Technology - 0.5%
Castlight Health, Inc. Class B (a)	635,725		8,226
Cerner Corp. (a)	9,614,162		572,716
			580,942
Life Sciences Tools & Services - 1.1%
Eurofins Scientific SA	89,038		23,054
Illumina, Inc. (a)	391,272		64,137
Mettler-Toledo International, Inc. (a)(f)	2,204,506		564,640
PAREXEL International Corp. (a)	175,400		11,066
Thermo Fisher Scientific, Inc.	4,228,392		514,595
			1,177,492
Pharmaceuticals - 5.0%
AbbVie, Inc.	21,136,741		1,220,858
Actavis PLC (a)	2,522,221		608,561
Astellas Pharma, Inc.	15,482,000		230,518
Bayer AG	3,317,357		464,670
Bristol-Myers Squibb Co.	6,744,369		345,177
Jazz Pharmaceuticals PLC (a)	486,000		78,032
Johnson & Johnson	18,618,072		1,984,500
Novo Nordisk A/S Series B	4,010,278		190,937
Pacira Pharmaceuticals, Inc. (a)	104,600		10,138
Common Stocks - continued
	Shares		Value (000s)
HEALTH CARE - continued
Pharmaceuticals - continued
Shire PLC	896,800		$ 77,377
Teva Pharmaceutical Industries Ltd. sponsored ADR	3,506,100		188,453
			5,399,221
TOTAL HEALTH CARE			16,677,713
INDUSTRIALS - 6.4%
Aerospace & Defense - 0.4%
AeroVironment, Inc. (a)	302,733		9,103
Honeywell International, Inc.	1,032,217		96,120
Precision Castparts Corp.	204,638		48,475
The Boeing Co.	1,712,755		218,171
TransDigm Group, Inc.	88,800		16,369
			388,238
Air Freight & Logistics - 0.4%
FedEx Corp.	2,581,299		416,751
XPO Logistics, Inc. (a)	1,413,042		53,229
			469,980
Airlines - 0.4%
Delta Air Lines, Inc.	280,900		10,155
Ryanair Holdings PLC sponsored ADR (a)	1,540,543		86,933
Southwest Airlines Co.	8,517,838		287,647
United Continental Holdings, Inc. (a)	1,736,078		81,231
			465,966
Building Products - 0.0%
Fortune Brands Home & Security, Inc.	312,135		12,832
Toto Ltd.	3,745,000		41,180
			54,012
Commercial Services & Supplies - 0.3%
Stericycle, Inc. (a)	2,614,417		304,736
Electrical Equipment - 0.0%
Nidec Corp.	8,700		588
Industrial Conglomerates - 1.4%
3M Co.	5,346,123		757,439
Danaher Corp.	10,093,694		766,919
			1,524,358
Common Stocks - continued
	Shares		Value (000s)
INDUSTRIALS - continued
Machinery - 0.4%
Illinois Tool Works, Inc.	4,593,309		$ 387,767
PACCAR, Inc.	390,700		22,221
			409,988
Professional Services - 0.0%
Robert Half International, Inc.	436,300		21,379
Verisk Analytics, Inc. (a)	50,945		3,102
			24,481
Road & Rail - 2.8%
Canadian Pacific Railway Ltd.	7,205,309		1,495,361
Union Pacific Corp.	13,816,904		1,498,029
			2,993,390
Trading Companies & Distributors - 0.3%
Air Lease Corp.:
Class A (f)(g)	1,572,017		51,091
Class A (f)	6,115,967		198,769
Noble Group Ltd.	75,276,647		76,711
			326,571
TOTAL INDUSTRIALS			6,962,308
INFORMATION TECHNOLOGY - 25.7%
Communications Equipment - 0.9%
F5 Networks, Inc. (a)	995,346		118,187
Palo Alto Networks, Inc. (a)	782,500		76,763
QUALCOMM, Inc.	10,003,592		747,969
			942,919
Electronic Equipment & Components - 1.1%
Amphenol Corp. Class A (f)	11,961,177		1,194,443
Internet Software & Services - 12.0%
Akamai Technologies, Inc. (a)	2,251,289		134,627
Alibaba Group Holding Ltd. sponsored ADR	3,233,000		287,252
Baidu.com, Inc. sponsored ADR (a)	316,800		69,135
Constant Contact, Inc. (a)(f)	2,164,935		58,756
Dropbox, Inc. (a)(j)	5,464,028		101,904
Facebook, Inc. Class A (a)	42,991,398		3,398,040
Google, Inc.:
Class A (a)	6,792,667		3,996,873
Class C (a)	6,933,367		4,003,049
GrubHub, Inc. (e)	1,597,900		54,712
Common Stocks - continued
	Shares		Value (000s)
INFORMATION TECHNOLOGY - continued
Internet Software & Services - continued
Just Eat Ltd. (a)	3,855,759		$ 18,440
LinkedIn Corp. (a)	728,200		151,313
NAVER Corp.	249,629		190,957
Shutterstock, Inc. (a)	25,074		1,790
Tencent Holdings Ltd.	5,885,000		87,577
Twitter, Inc.	1,564,100		80,676
Yahoo!, Inc. (a)	9,478,266		386,239
			13,021,340
IT Services - 3.7%
Alliance Data Systems Corp. (a)	110,080		27,330
ASAC II LP (a)(j)	39,494,500		564,399
CGI Group, Inc. Class A (sub. vtg.) (a)	2,009,047		67,880
Computer Sciences Corp.	3,089,643		188,932
Fidelity National Information Services, Inc.	3,618,639		203,729
Fiserv, Inc. (a)	3,244,392		209,701
FleetCor Technologies, Inc. (a)	536,270		76,215
Gartner, Inc. Class A (a)	718,244		52,769
MasterCard, Inc. Class A	16,222,585		1,199,173
Visa, Inc. Class A	6,808,310		1,452,689
			4,042,817
Semiconductors & Semiconductor Equipment - 0.9%
Avago Technologies Ltd.	3,218,607		280,019
Freescale Semiconductor, Inc. (a)	8,350,100		163,077
KLA-Tencor Corp.	161,500		12,723
Microchip Technology, Inc. (e)	457,000		21,584
NXP Semiconductors NV (a)	3,251,706		222,514
RF Micro Devices, Inc. (a)	1,291,400		14,903
Skyworks Solutions, Inc.	1,058,400		61,440
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR	5,750,000		116,035
TriQuint Semiconductor, Inc. (a)	622,515		11,871
			904,166
Software - 4.2%
Activision Blizzard, Inc.	5,668,195		117,842
Adobe Systems, Inc. (a)	5,592,902		386,973
Intuit, Inc.	1,037,600		90,946
Microsoft Corp.	42,581,788		1,974,092
Mobileye NV	8,302,715		400,448
salesforce.com, Inc. (a)	17,255,066		992,684
ServiceNow, Inc. (a)	2,458,875		144,533
SolarWinds, Inc. (a)	251,700		10,584
Common Stocks - continued
	Shares		Value (000s)
INFORMATION TECHNOLOGY - continued
Software - continued
Trion World Network, Inc.:
warrants 8/10/17 (a)(j)	124,282		$ 0*
warrants 10/3/18 (a)(j)	181,908		0*
Ultimate Software Group, Inc. (a)	834,805		118,133
Workday, Inc. Class A (a)	3,953,664		326,177
Xero Ltd. (a)	843,553		14,224
Zendesk, Inc.	567,884		12,261
			4,588,897
Technology Hardware, Storage & Peripherals - 2.9%
Apple, Inc.	31,448,349		3,168,421
Samsung Electronics Co. Ltd.	10,498		11,782
			3,180,203
TOTAL INFORMATION TECHNOLOGY			27,874,785
MATERIALS - 3.1%
Chemicals - 2.1%
Air Products & Chemicals, Inc.	475,000		61,836
CF Industries Holdings, Inc.	526,856		147,109
Ecolab, Inc.	4,709,838		540,831
Filtrona PLC	5,041,009		65,174
LyondellBasell Industries NV Class A	2,033,656		220,977
Monsanto Co.	2,053,749		231,067
PPG Industries, Inc.	3,209,005		631,340
Sherwin-Williams Co.	1,479,805		324,062
Westlake Chemical Corp.	806,110		69,801
			2,292,197
Construction Materials - 0.1%
Eagle Materials, Inc.	1,343,179		136,776
Containers & Packaging - 0.1%
Ball Corp.	547,384		34,633
Rock-Tenn Co. Class A	648,402		30,851
			65,484
Metals & Mining - 0.8%
B2Gold Corp. (a)(f)	50,210,501		102,219
Eldorado Gold Corp.	3,036,000		20,467
Franco-Nevada Corp.	5,386,288		264,373
Ivanhoe Mines Ltd. (a)(f)	23,502,400		23,923
Ivanhoe Mines Ltd. (f)(g)	16,068,594		16,356
Common Stocks - continued
	Shares		Value (000s)
MATERIALS - continued
Metals & Mining - continued
Ivanhoe Mines Ltd. Class A Class A warrants 12/10/15 (a)(f)(g)	22,636,300		$ 1,819
Nucor Corp.	1,525,384		82,798
POSCO	100,777		31,007
Steel Dynamics, Inc.	4,965,000		112,259
Tahoe Resources, Inc. (a)	7,323,548		149,028
United States Steel Corp. (e)	1,842,400		72,167
			876,416
TOTAL MATERIALS			3,370,873
TELECOMMUNICATION SERVICES - 0.1%
Diversified Telecommunication Services - 0.0%
Iliad SA	56,977		12,061
Wireless Telecommunication Services - 0.1%
SoftBank Corp.	811,700		56,696
T-Mobile U.S., Inc. (a)	2,040,900		58,921
			115,617
TOTAL TELECOMMUNICATION SERVICES			127,678
TOTAL COMMON STOCKS (Cost $57,917,380)		103,488,413
Preferred Stocks - 0.5%

Convertible Preferred Stocks - 0.5%
CONSUMER DISCRETIONARY - 0.0%
Diversified Consumer Services - 0.0%
Airbnb, Inc. Series D (j)	578,817		23,565
Media - 0.0%
Glam Media, Inc. Series M-1, 8.00% (a)(j)	1,228,555		6,376
TOTAL CONSUMER DISCRETIONARY			29,941
HEALTH CARE - 0.1%
Biotechnology - 0.1%
Intarcia Therapeutics, Inc. (a)(j)	2,100,446		68,033
Preferred Stocks - continued
	Shares		Value (000s)
Convertible Preferred Stocks - continued
INFORMATION TECHNOLOGY - 0.4%
Internet Software & Services - 0.3%
Dropbox, Inc.:
Series A (a)(j)	1,260,898		$ 23,516
Series C (j)	698,385		13,025
Pinterest, Inc. (j)	691,144		11,739
Pinterest, Inc. Series E, 8.00% (j)	10,968,216		186,297
Uber Technologies, Inc. 8.00% (j)	1,217,229		75,532
			310,109
IT Services - 0.1%
Nutanix, Inc. Series E (j)	3,060,752		41,003
Software - 0.0%
Cloudera, Inc. Series F (j)	1,316,883		21,478
Trion World Network, Inc.:
8.00% (a)(j)	333,435		423
Series C, 8.00% (a)(j)	3,950,196		5,017
Series C-1, 8.00% (a)(j)	310,705		395
			27,313
Technology Hardware, Storage & Peripherals - 0.0%
Pure Storage, Inc. Series E (a)(j)	2,007,356		27,420
TOTAL INFORMATION TECHNOLOGY			405,845
TOTAL CONVERTIBLE PREFERRED STOCKS			503,819
Nonconvertible Preferred Stocks - 0.0%
FINANCIALS - 0.0%
Banks - 0.0%
Royal Bank of Scotland Group PLC 0.00%	1,121,837		27,485
TOTAL PREFERRED STOCKS (Cost $476,448)		531,304

Corporate Bonds - 0.0%
		Principal Amount (000s)		Value (000s)
Convertible Bonds - 0.0%
INFORMATION TECHNOLOGY - 0.0%
Software - 0.0%
Trion World Network, Inc. 15% 10/10/15 pay-in-kind (j)		$ 1,211		$ 1,211
Nonconvertible Bonds - 0.0%
FINANCIALS - 0.0%
Banks - 0.0%
Bank of Ireland 10% 7/30/16 (d)	EUR	13,616		18,574
TOTAL CORPORATE BONDS (Cost $19,092)			19,785
Bank Loan Obligations - 0.1%

INDUSTRIALS - 0.1%
Building Products - 0.1%
Jeld-Wen, Inc. Tranche B, term loan 9/24/21 (i) (Cost $54,034)		54,580		54,137

Money Market Funds - 4.7%
	Shares
Fidelity Cash Central Fund, 0.12% (b)	3,967,480,027		3,967,480
Fidelity Securities Lending Cash Central Fund, 0.12% (b)(c)	1,152,010,563		1,152,011
TOTAL MONEY MARKET FUNDS (Cost $5,119,491)		5,119,491
TOTAL INVESTMENT PORTFOLIO - 100.7% (Cost $63,586,445)			109,213,130
NET OTHER ASSETS (LIABILITIES) - (0.7)%			(788,670)
NET ASSETS - 100%		$ 108,424,460

Currency Abbreviations
EUR	-	European Monetary Unit

Legend

(a) Non-income producing

(d) Amount is stated in United States dollars unless otherwise noted.

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

(f) Affiliated company

(h) Investment is owned by an entity that is treated as a corporation for U.S. tax purposes and is owned by the Fund.

(i) The coupon rate will be determined upon settlement of the loan after period end.

(j) 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 $1,371,216,000 or 1.3% of net assets.

Additional information on each restricted holding is as follows:

Security	Acquisition Date	Acquisition Cost (000s)
Airbnb, Inc. Series D	4/16/14	$ 23,565
ASAC II LP	10/10/13	$ 394,945
Cloudera, Inc. Series F	2/5/14	$ 19,174
Dropbox, Inc.	5/2/12	$ 49,445
Dropbox, Inc. Series A	5/29/12	$ 11,410
Dropbox, Inc. Series C	1/30/14	$ 13,340
Glam Media, Inc. Series M-1, 8.00%	3/19/08	$ 22,464
Intarcia Therapeutics, Inc.	11/14/12	$ 28,629
Legend Pictures LLC	9/23/10 - 12/18/12	$ 57,827
Metro Bank PLC Class A	12/8/09 - 12/6/13	$ 80,047
Nutanix, Inc. Series E	8/26/14	$ 41,003
Pinterest, Inc.	5/15/14	$ 11,739
Pinterest, Inc. Series E, 8.00%	10/23/13	$ 159,376
Pure Storage, Inc. Series E	8/22/13	$ 13,914
Trion World Network, Inc. warrants 8/10/17	8/10/10	$ 0*
Security	Acquisition Date	Acquisition Cost (000s)
Trion World Network, Inc. warrants 10/3/18	10/10/13	$ 0*
Trion World Network, Inc. 8.00%	3/20/13	$ 1,754
Trion World Network, Inc. Series C, 8.00%	8/22/08	$ 21,691
Trion World Network, Inc. Series C-1, 8.00%	8/10/10	$ 1,706
Trion World Network, Inc. 15% 10/10/15 pay-in-kind	10/10/13 - 4/10/14	$ 1,210
Uber Technologies, Inc. 8.00%	6/6/14	$ 75,532
Weinstein Co. Holdings LLC Class A-1	10/19/05	$ 41,234

* 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	$ 3,171
Fidelity Securities Lending Cash Central Fund	2,948
Total	$ 6,119

Other Affiliated Issuers

Affiliate (Amount in thousands)	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Air Lease Corp. Class A (144A)	$ 50,489	$ -	$ 1,915*	$ 142	$ 51,091
Air Lease Corp. Class A	144,090	96,233	33,557*	478	198,769
Amphenol Corp. Class A	905,079	232,435	69,163*	7,141	1,194,443
B2Gold Corp. (144A)	12,006	-	8*	-	-
B2Gold Corp.	97,255	23,121	33,363*	-	102,219
Chipotle Mexican Grill, Inc.	909,505	88,197	84,637*	-	1,146,911
Concur Technologies, Inc.	395,008	-	359,575*	-	-
Constant Contact, Inc.	50,523	29,301	9,367*	-	58,756
Cornerstone OnDemand, Inc.	141,270	4,590	138,411*	-	-
Discovery Communications, Inc. Class A	1,312,435	-	699,667*	-	-
Dunkin' Brands Group, Inc.	344,509	-	148,271*	4,298	-
Five Below, Inc.	168,373	-	148,021*	-	-
Ivanhoe Mines Ltd.	-	29,227	299*	-	23,923
Ivanhoe Mines Ltd. (144A)	28,303	-	15*	-	16,356
Ivanhoe Mines Ltd. Class A Class A warrants 12/10/15	-	3,314	26*	-	1,819
Metro Bank PLC rights	-	-	-	-	-
Metro Bank PLC Class A	100,762	-	-	-	98,644
Mettler-Toledo International, Inc.	596,249	29,167	94,688*	-	564,640
NetSuite, Inc.	403,365	10,542	356,183*	-	-
Noble Energy, Inc.	2,392,270	-	304,552*	16,975	2,133,180
ServiceNow, Inc.	382,280	58,502	294,505*	-	-
Tableau Software, Inc.	82,296	23,512	102,477*	-	-
Tahoe Resources, Inc.	34,598	2,894	8,040*	-	-
TJX Companies, Inc.	2,598,713	12,242	814,929*	17,189	-
TripAdvisor, Inc.	721,785	86,623	153,390*	-	-
Total	$ 11,871,163	$ 729,900	$ 3,855,059	$ 46,223	$ 5,590,751

* Includes the value of securities delivered through in-kind transactions.

Other Information

Valuation Inputs at Reporting Date:
Description (Amounts in thousands)	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 17,867,983	$ 17,684,531	$ 52,274	$ 131,178
Consumer Staples	7,226,863	7,226,863	-	-
Energy	5,478,750	5,441,839	36,911	-
Financials	17,958,886	17,239,349	620,893	98,644
Health Care	16,745,746	16,409,399	268,314	68,033
Industrials	6,962,308	6,961,720	588	-
Information Technology	28,280,630	26,720,457	488,025	1,072,148
Materials	3,370,873	3,339,866	31,007	-
Telecommunication Services	127,678	70,982	56,696	-
Corporate Bonds	19,785	-	18,574	1,211
Bank Loan Obligations	54,137	-	54,137	-
Money Market Funds	5,119,491	5,119,491	-	-
Total Investments in Securities:	$ 109,213,130	$ 106,214,497	$ 1,627,419	$ 1,371,214

Valuation Inputs at Reporting Date:

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	$ 1,023,658
Net Realized Gain (Loss) on Investment Securities	-
Net Unrealized Gain (Loss) on Investment Securities	221,072
Cost of Purchases	184,437
Proceeds of Sales	(57,953)
Amortization/Accretion	-
(Amounts in thousands)
Investments in Securities:
Transfers into Level 3	$ 470,538
Transfers out of Level 3	(470,538)
Ending Balance	$ 1,371,214
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at September 30, 2014	$ 221,072

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 and proceeds of sales includes securities delivered through affiliated in-kind transactions. Transfers in or out of Level 3 represent 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 September 30, 2014, the cost of investment securities for income tax purposes was $63,895,792,000. Net unrealized appreciation aggregated $45,317,338,000, of which $45,905,917,000 related to appreciated investment securities and $588,579,000 related to depreciated investment securities.

Investment Valuation

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. Corporate bonds and bank loan obligations are valued by pricing vendors who utilize matrix pricing which considers prepayment speed assumptions, attributes of the collateral, yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices.

The following provides information on Level 3 securities held by the Fund that were valued at period end based on unobservable inputs. These amounts exclude valuations provided by a broker.

Asset Type	Fair Value at 09/30/14 (000s)	Valuation Technique(s)	Unobservable Input	Amount or Range / Weighted Average	Impact to Valuation from an Increase in Input*
Common Stocks	$ 866,184	Last transaction price	Adjusted transaction price	$18.65	Increase
		Market comparable	EV/EBITDA multiple	7.0 - 15.7 / 13.1	Increase
		Partnership NAV	Discount rate	10.0%	Decrease
Corporate Bonds	$ 1,211	Last transaction price	Transaction price	$100.00	Increase
Asset Type	Fair Value at 09/30/14 (000s)	Valuation Technique(s)	Unobservable Input	Amount or Range / Weighted Average	Impact to Valuation from an Increase in Input*
Preferred Stocks	$ 503,819	Last transaction price	Transaction price	$13.40 - $62.05 / $28.96	Increase
			Adjusted transaction price	$18.65	Increase
		Liquidation scenario	Liquidation distribution	$5.19	Increase
		Market comparable	EV/EBITDA multiple	7.0	Increase
			EV/Sales multiple	7.1 - 10.1 / 8.4	Increase

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.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Series Opportunistic
Insights Fund

September 30, 2014

1.951057.101

O1T-QTLY-1114

Investments September 30, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 94.3%
	Shares		Value
CONSUMER DISCRETIONARY - 16.8%
Automobiles - 1.4%
Harley-Davidson, Inc.	68,154		$ 3,966,563
Mahindra & Mahindra Ltd. (a)	167,072		3,670,513
Maruti Suzuki India Ltd. (a)	56,055		2,904,200
Tata Motors Ltd. sponsored ADR	75,774		3,312,082
Tesla Motors, Inc. (a)(d)	305,716		74,191,159
			88,044,517
Hotels, Restaurants & Leisure - 3.3%
ARAMARK Holdings Corp.	197,400		5,191,620
Buffalo Wild Wings, Inc. (a)	9,887		1,327,527
Chipotle Mexican Grill, Inc. (a)	87,614		58,402,616
Darden Restaurants, Inc.	60,100		3,092,746
Domino's Pizza, Inc.	22,100		1,700,816
Marriott International, Inc. Class A	442,900		30,958,710
Sodexo SA	6,200		606,739
Starbucks Corp.	1,178,300		88,914,518
Whitbread PLC	188,165		12,671,515
			202,866,807
Internet & Catalog Retail - 4.7%
Amazon.com, Inc. (a)	284,307		91,671,949
Liberty Interactive Corp. (Venture Group) Series A (a)	30,520		1,158,539
Liberty TripAdvisor Holdings, Inc. (a)	30,520		1,034,628
Netflix, Inc. (a)	61,439		27,720,048
priceline.com, Inc. (a)	75,150		87,067,287
TripAdvisor, Inc. (a)	890,705		81,428,251
zulily, Inc. Class A	16,400		621,396
			290,702,098
Leisure Products - 0.4%
Polaris Industries, Inc.	165,500		24,790,245
Media - 3.1%
Altice SA	45,200		2,393,778
CBS Corp. Class B	2,917		156,060
Charter Communications, Inc. Class A (a)	26,903		4,072,307
Comcast Corp. Class A	433,032		23,288,461
DISH Network Corp. Class A (a)	137,200		8,860,376
Liberty Global PLC:
Class A (a)	578,352		24,603,094
Class C	538,852		22,101,015
Liberty Media Corp.:
Class A (a)	270,798		12,776,250
Common Stocks - continued
	Shares		Value
CONSUMER DISCRETIONARY - continued
Media - continued
Liberty Media Corp.: - continued
Class C (a)	727,596		$ 34,189,736
The Walt Disney Co.	711,900		63,380,457
			195,821,534
Multiline Retail - 0.2%
B&M European Value Retail S.A.	775,500		3,457,305
Next PLC	100,641		10,776,332
			14,233,637
Specialty Retail - 1.3%
AutoZone, Inc. (a)	14,500		7,390,070
Home Depot, Inc.	32,900		3,018,246
O'Reilly Automotive, Inc. (a)	81,474		12,250,431
TJX Companies, Inc.	1,037,325		61,378,520
			84,037,267
Textiles, Apparel & Luxury Goods - 2.4%
Coach, Inc.	17,000		605,370
NIKE, Inc. Class B	975,325		86,998,990
Under Armour, Inc. Class A (sub. vtg.) (a)(d)	870,000		60,117,000
			147,721,360
TOTAL CONSUMER DISCRETIONARY			1,048,217,465
CONSUMER STAPLES - 6.7%
Beverages - 0.7%
Anheuser-Busch InBev SA NV ADR	111,200		12,326,520
Boston Beer Co., Inc. Class A (a)(d)	120,332		26,684,824
Dr. Pepper Snapple Group, Inc.	19,600		1,260,476
Monster Beverage Corp. (a)	24,300		2,227,581
			42,499,401
Food & Staples Retailing - 1.5%
Costco Wholesale Corp.	296,900		37,207,508
CVS Health Corp.	668,400		53,197,956
Sprouts Farmers Market LLC (a)(d)	139,151		4,045,120
			94,450,584
Food Products - 1.6%
Associated British Foods PLC	1,263,168		54,860,155
Keurig Green Mountain, Inc.	63,100		8,211,203
Mead Johnson Nutrition Co. Class A	70,700		6,802,754
Common Stocks - continued
	Shares		Value
CONSUMER STAPLES - continued
Food Products - continued
Mondelez International, Inc.	895,165		$ 30,672,829
Want Want China Holdings Ltd.	508,000		633,295
			101,180,236
Household Products - 1.5%
Colgate-Palmolive Co.	1,388,665		90,568,731
Procter & Gamble Co.	37,500		3,140,250
			93,708,981
Personal Products - 1.4%
Estee Lauder Companies, Inc. Class A	1,093,816		81,729,932
L'Oreal SA	15,578		2,473,247
			84,203,179
TOTAL CONSUMER STAPLES			416,042,381
ENERGY - 3.5%
Energy Equipment & Services - 0.8%
Schlumberger Ltd.	520,350		52,914,392
Oil, Gas & Consumable Fuels - 2.7%
Anadarko Petroleum Corp.	68,600		6,958,784
Antero Resources Corp.	38,066		2,089,443
BG Group PLC	99,600		1,838,700
Birchcliff Energy Ltd. (a)	65,700		622,418
Canadian Natural Resources Ltd.	78,500		3,049,721
Chevron Corp.	492		58,705
Concho Resources, Inc. (a)	17,500		2,194,325
Continental Resources, Inc. (a)(d)	392,977		26,125,111
EOG Resources, Inc.	1,077,914		106,735,044
Kinder Morgan Holding Co. LLC	293,800		11,264,292
Painted Pony Petroleum Ltd. (a)	37,000		414,617
PrairieSky Royalty Ltd.	62,400		1,964,016
The Williams Companies, Inc.	57,400		3,177,090
			166,492,266
TOTAL ENERGY			219,406,658
FINANCIALS - 11.9%
Banks - 4.6%
Banco Santander Chile sponsored ADR	175,900		3,885,631
Bank of America Corp.	1,794,400		30,594,520
Citigroup, Inc.	715,127		37,057,881
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Banks - continued
HDFC Bank Ltd. sponsored ADR	174,839		$ 8,144,001
JPMorgan Chase & Co.	276,200		16,638,288
Kotak Mahindra Bank Ltd.	40,445		661,525
M&T Bank Corp. (d)	173,685		21,413,624
The Toronto-Dominion Bank	152,500		7,525,939
U.S. Bancorp	342,669		14,333,844
Wells Fargo & Co.	2,780,096		144,203,580
			284,458,833
Capital Markets - 1.3%
Ameriprise Financial, Inc.	106,200		13,102,956
BlackRock, Inc. Class A	123,053		40,400,761
Charles Schwab Corp.	500,500		14,709,695
Morgan Stanley	193,542		6,690,747
Oaktree Capital Group LLC Class A	162,590		8,308,349
			83,212,508
Consumer Finance - 1.8%
American Express Co.	1,142,955		100,054,281
Discover Financial Services	176,700		11,377,713
			111,431,994
Diversified Financial Services - 3.1%
Berkshire Hathaway, Inc. Class A (a)	859		177,727,100
McGraw Hill Financial, Inc.	144,900		12,236,805
			189,963,905
Insurance - 0.9%
ACE Ltd.	36,736		3,852,504
AIA Group Ltd.	86,400		446,752
American International Group, Inc.	99,588		5,379,744
Direct Line Insurance Group PLC	799,700		3,814,108
Fairfax Financial Holdings Ltd. (sub. vtg.)	6,400		2,867,499
Marsh & McLennan Companies, Inc.	460,378		24,096,185
Prudential PLC	601,470		13,371,494
The Chubb Corp.	32,156		2,928,768
			56,757,054
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Real Estate Investment Trusts - 0.2%
American Tower Corp.	76,400		$ 7,153,332
Equity Residential (SBI)	132,600		8,165,508
			15,318,840
TOTAL FINANCIALS			741,143,134
HEALTH CARE - 17.7%
Biotechnology - 7.6%
Agios Pharmaceuticals, Inc. (a)	62,097		3,809,651
Akebia Therapeutics, Inc. (a)	13,800		305,394
Alexion Pharmaceuticals, Inc. (a)	91,900		15,238,858
Amgen, Inc.	14,787		2,076,982
Avalanche Biotechnologies, Inc. (a)	7,900		270,101
Biogen Idec, Inc. (a)	508,499		168,216,554
Bluebird Bio, Inc. (a)	10,500		376,740
Enanta Pharmaceuticals, Inc. (a)	74,626		2,952,951
Gilead Sciences, Inc. (a)	2,307,995		245,686,068
Karyopharm Therapeutics, Inc.	29,300		1,023,742
Medivation, Inc. (a)	81,592		8,067,001
Opko Health, Inc. (a)(d)	68,800		585,488
OvaScience, Inc. (a)(d)	1,059,708		17,591,153
Puma Biotechnology, Inc. (a)	4,098		977,660
Regeneron Pharmaceuticals, Inc. (a)	5,300		1,910,756
Vertex Pharmaceuticals, Inc. (a)	6,300		707,553
			469,796,652
Health Care Equipment & Supplies - 0.9%
Boston Scientific Corp. (a)	1,158,500		13,681,885
C.R. Bard, Inc.	36,000		5,137,560
Covidien PLC	72,000		6,228,720
DexCom, Inc. (a)	114,132		4,564,139
Medtronic, Inc.	194,281		12,035,708
Stryker Corp.	7,100		573,325
Zimmer Holdings, Inc.	132,100		13,282,655
			55,503,992
Health Care Providers & Services - 2.7%
Aetna, Inc.	122,900		9,954,900
AmerisourceBergen Corp.	208,775		16,138,308
Cardinal Health, Inc.	121,050		9,069,066
Cigna Corp.	48,701		4,416,694
HCA Holdings, Inc. (a)	81,200		5,726,224
Common Stocks - continued
	Shares		Value
HEALTH CARE - continued
Health Care Providers & Services - continued
Henry Schein, Inc. (a)	390,663		$ 45,500,520
MWI Veterinary Supply, Inc. (a)	16,283		2,416,397
Tenet Healthcare Corp. (a)	74,587		4,429,722
UnitedHealth Group, Inc.	619,266		53,411,693
Universal Health Services, Inc. Class B	39,200		4,096,400
WellPoint, Inc.	123,700		14,796,994
			169,956,918
Health Care Technology - 0.5%
Castlight Health, Inc. Class B (a)	35,200		455,488
Cerner Corp. (a)	544,677		32,446,409
			32,901,897
Life Sciences Tools & Services - 0.9%
Eurofins Scientific SA	4,500		1,165,164
Illumina, Inc. (a)	30,169		4,945,302
Mettler-Toledo International, Inc. (a)	87,093		22,307,130
PAREXEL International Corp. (a)	10,000		630,900
Thermo Fisher Scientific, Inc.	233,119		28,370,582
			57,419,078
Pharmaceuticals - 5.1%
AbbVie, Inc.	1,252,491		72,343,880
Actavis PLC (a)	139,771		33,723,947
Astellas Pharma, Inc.	838,200		12,480,334
Biodelivery Sciences International, Inc. (a)(d)	1,847,366		31,571,485
Bristol-Myers Squibb Co.	341,332		17,469,372
Jazz Pharmaceuticals PLC (a)	27,600		4,431,456
Johnson & Johnson	1,202,326		128,155,928
Novo Nordisk A/S Series B	66,700		3,175,706
Pacira Pharmaceuticals, Inc. (a)	5,900		571,828
Shire PLC	49,600		4,279,570
Teva Pharmaceutical Industries Ltd. sponsored ADR	174,400		9,374,000
			317,577,506
TOTAL HEALTH CARE			1,103,156,043
INDUSTRIALS - 6.3%
Aerospace & Defense - 0.5%
AeroVironment, Inc. (a)	19,785		594,935
Honeywell International, Inc.	19,673		1,831,950
Precision Castparts Corp.	114,091		27,025,876
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Aerospace & Defense - continued
The Boeing Co.	24,532		$ 3,124,886
TransDigm Group, Inc.	5,000		921,650
			33,499,297
Air Freight & Logistics - 0.5%
FedEx Corp.	118,900		19,196,405
XPO Logistics, Inc. (a)(d)	313,105		11,794,665
			30,991,070
Airlines - 0.4%
Delta Air Lines, Inc.	15,900		574,785
Ryanair Holdings PLC sponsored ADR (a)	59,141		3,337,327
Southwest Airlines Co.	441,600		14,912,832
United Continental Holdings, Inc. (a)	86,600		4,052,014
			22,876,958
Building Products - 0.0%
Fortune Brands Home & Security, Inc.	17,000		698,870
Toto Ltd.	196,000		2,155,240
			2,854,110
Construction & Engineering - 0.2%
Jacobs Engineering Group, Inc. (a)	219,225		10,702,565
Electrical Equipment - 0.0%
Nidec Corp.	400		27,031
Industrial Conglomerates - 1.3%
3M Co.	250,077		35,430,909
Danaher Corp.	629,220		47,808,136
			83,239,045
Machinery - 0.4%
Illinois Tool Works, Inc.	267,132		22,551,283
PACCAR, Inc.	21,900		1,245,563
Xylem, Inc.	3,714		131,810
			23,928,656
Professional Services - 0.2%
Robert Half International, Inc.	24,400		1,195,600
Verisk Analytics, Inc. (a)	188,822		11,497,372
			12,692,972
Road & Rail - 2.6%
Canadian Pacific Railway Ltd.	435,900		90,464,965
Union Pacific Corp.	628,860		68,181,001
			158,645,966
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Trading Companies & Distributors - 0.2%
Air Lease Corp. Class A	286,119		$ 9,298,868
Noble Group Ltd.	3,926,114		4,000,900
			13,299,768
TOTAL INDUSTRIALS			392,757,438
INFORMATION TECHNOLOGY - 27.9%
Communications Equipment - 0.6%
F5 Networks, Inc. (a)	52,500		6,233,850
Palo Alto Networks, Inc. (a)	42,800		4,198,680
QUALCOMM, Inc.	356,751		26,674,272
			37,106,802
Electronic Equipment & Components - 1.0%
Amphenol Corp. Class A	602,765		60,192,113
Internet Software & Services - 14.7%
Akamai Technologies, Inc. (a)	124,400		7,439,120
Alibaba Group Holding Ltd. sponsored ADR	184,400		16,383,940
Baidu.com, Inc. sponsored ADR (a)	16,500		3,600,795
Constant Contact, Inc. (a)	50,500		1,370,570
Facebook, Inc. Class A (a)	5,980,994		472,737,758
Google, Inc.:
Class A (a)	294,761		173,440,320
Class C (a)	300,661		173,589,635
GrubHub, Inc. (d)	90,600		3,102,144
Just Eat Ltd. (a)	214,717		1,026,861
LinkedIn Corp. (a)	57,478		11,943,354
NAVER Corp.	9,559		7,312,302
Shutterstock, Inc. (a)	1,895		135,265
Tencent Holdings Ltd.	323,600		4,815,637
Twitter, Inc.	84,700		4,368,826
Yahoo!, Inc. (a)	813,295		33,141,771
			914,408,298
IT Services - 3.6%
ASAC II LP (a)(g)	1,788,160		25,553,816
CGI Group, Inc. Class A (sub. vtg.) (a)	73,200		2,473,225
Computer Sciences Corp.	193,448		11,829,345
Fidelity National Information Services, Inc.	485,303		27,322,559
Fiserv, Inc. (a)	28,000		1,809,780
FleetCor Technologies, Inc. (a)	30,665		4,358,110
Gartner, Inc. Class A (a)	20,983		1,541,621
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
IT Services - continued
Global Payments, Inc.	34,400		$ 2,403,872
MasterCard, Inc. Class A	1,353,310		100,036,675
Visa, Inc. Class A	233,390		49,798,424
			227,127,427
Semiconductors & Semiconductor Equipment - 1.1%
Avago Technologies Ltd.	321,500		27,970,500
Cavium, Inc. (a)	84,300		4,192,239
Freescale Semiconductor, Inc. (a)	467,949		9,139,044
KLA-Tencor Corp.	8,000		630,240
Microchip Technology, Inc.	10,800		510,084
NXP Semiconductors NV (a)	141,202		9,662,453
RF Micro Devices, Inc. (a)	61,900		714,326
Skyworks Solutions, Inc.	59,700		3,465,585
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR	481,000		9,706,580
TriQuint Semiconductor, Inc. (a)	34,300		654,101
			66,645,152
Software - 5.0%
Activision Blizzard, Inc.	27,500		571,725
Adobe Systems, Inc. (a)	297,927		20,613,569
Concur Technologies, Inc. (a)	67,978		8,620,970
Intuit, Inc.	58,000		5,083,700
Microsoft Corp.	2,296,722		106,476,032
Mobileye NV	371,595		17,922,398
salesforce.com, Inc. (a)	1,281,168		73,705,595
ServiceNow, Inc. (a)	404,938		23,802,256
SolarWinds, Inc. (a)	14,000		588,700
Ultimate Software Group, Inc. (a)	248,645		35,185,754
Workday, Inc. Class A (a)	179,960		14,846,700
Xero Ltd. (a)	45,115		760,731
Zendesk, Inc.	33,710		727,799
			308,905,929
Technology Hardware, Storage & Peripherals - 1.9%
Apple, Inc.	1,105,063		111,335,097
Samsung Electronics Co. Ltd.	8,226		9,232,271
Xaar PLC	175,812		1,071,666
			121,639,034
TOTAL INFORMATION TECHNOLOGY			1,736,024,755
Common Stocks - continued
	Shares		Value
MATERIALS - 3.3%
Chemicals - 2.8%
Air Products & Chemicals, Inc.	28,200		$ 3,671,076
CF Industries Holdings, Inc.	25,500		7,120,110
Ecolab, Inc.	474,448		54,480,864
Filtrona PLC	96,500		1,247,617
LyondellBasell Industries NV Class A	114,354		12,425,706
Monsanto Co.	81,469		9,166,077
PPG Industries, Inc.	302,482		59,510,309
Sherwin-Williams Co.	99,100		21,701,909
Westlake Chemical Corp.	35,287		3,055,501
			172,379,169
Construction Materials - 0.1%
Eagle Materials, Inc.	73,726		7,507,519
Containers & Packaging - 0.0%
Ball Corp.	19,300		1,221,111
Metals & Mining - 0.4%
B2Gold Corp. (a)	443,000		901,862
Barrick Gold Corp.	64,300		945,597
Eldorado Gold Corp.	164,100		1,106,259
Franco-Nevada Corp.	95,406		4,682,770
Ivanhoe Mines Ltd. (a)	520,900		530,225
Nucor Corp.	73,480		3,988,494
POSCO	5,562		1,711,318
Primero Mining Corp. (a)	439,300		2,137,761
Steel Dynamics, Inc.	272,100		6,152,181
Tahoe Resources, Inc. (a)	27,900		567,741
United States Steel Corp.	95,700		3,748,569
			26,472,777
TOTAL MATERIALS			207,580,576
TELECOMMUNICATION SERVICES - 0.2%
Diversified Telecommunication Services - 0.0%
Iliad SA	4,659		986,251
Common Stocks - continued
	Shares		Value
TELECOMMUNICATION SERVICES - continued
Wireless Telecommunication Services - 0.2%
SoftBank Corp.	82,300		$ 5,748,564
T-Mobile U.S., Inc. (a)	106,800		3,083,316
			8,831,880
TOTAL TELECOMMUNICATION SERVICES			9,818,131
TOTAL COMMON STOCKS (Cost $4,185,065,615)		5,874,146,581
Preferred Stocks - 0.6%

Convertible Preferred Stocks - 0.6%
CONSUMER DISCRETIONARY - 0.1%
Diversified Consumer Services - 0.0%
Airbnb, Inc. Series D (g)	30,930		1,259,253
Household Durables - 0.1%
Blu Homes, Inc. Series A, 5.00% (a)(g)	1,007,372		4,805,164
TOTAL CONSUMER DISCRETIONARY			6,064,417
INFORMATION TECHNOLOGY - 0.5%
Internet Software & Services - 0.5%
Dropbox, Inc. Series C (g)	394,740		7,361,901
Pinterest, Inc. (g)	424,569		7,211,381
Pinterest, Inc. Series E, 8.00% (g)	518,803		8,811,962
Uber Technologies, Inc. 8.00% (g)	66,235		4,110,027
			27,495,271
IT Services - 0.0%
Nutanix, Inc. Series E (g)	171,960		2,303,662
Software - 0.0%
Cloudera, Inc. Series F (g)	70,040		1,142,352
Technology Hardware, Storage & Peripherals - 0.0%
Pure Storage, Inc. Series E (a)(g)	92,626		1,265,271
TOTAL INFORMATION TECHNOLOGY			32,206,556
TOTAL CONVERTIBLE PREFERRED STOCKS			38,270,973
Preferred Stocks - continued
	Shares		Value
Nonconvertible Preferred Stocks - 0.0%
FINANCIALS - 0.0%
Banks - 0.0%
Royal Bank of Scotland Group PLC	63,526		$ 1,556,387
TOTAL PREFERRED STOCKS (Cost $37,839,070)		39,827,360

Bank Loan Obligations - 0.1%
	Principal Amount
INDUSTRIALS - 0.1%
Building Products - 0.1%
Jeld-Wen, Inc. Tranche B, term loan 9/24/21 (f) (Cost $3,088,800)	$ 3,120,000	3,094,666

Money Market Funds - 6.7%
	Shares
Fidelity Cash Central Fund, 0.12% (b)	281,554,664		281,554,664
Fidelity Securities Lending Cash Central Fund, 0.12% (b)(c)	136,264,870		136,264,870
TOTAL MONEY MARKET FUNDS (Cost $417,819,534)		417,819,534
TOTAL INVESTMENT PORTFOLIO - 101.7% (Cost $4,643,813,019)			6,334,888,141
NET OTHER ASSETS (LIABILITIES) - (1.7)%			(107,822,993)
NET ASSETS - 100%		$ 6,227,065,148

Legend

(a) Non-income producing

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

(e) Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.

(f) The coupon rate will be determined upon settlement of the loan after period end.

(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 $63,824,789 or 1.0% of net assets.

Additional information on each restricted holding is as follows:

Security	Acquisition Date	Acquisition Cost
Airbnb, Inc. Series D	4/16/14	$ 1,259,254
ASAC II LP	10/10/13	$ 17,881,600
Blu Homes, Inc. Series A, 5.00%	6/10/13	$ 4,654,059
Cloudera, Inc. Series F	2/5/14	$ 1,019,782
Dropbox, Inc. Series C	1/30/14	$ 7,540,008
Nutanix, Inc. Series E	8/26/14	$ 2,303,662
Pinterest, Inc.	5/15/14	$ 7,211,381
Pinterest, Inc. Series E, 8.00%	10/23/13	$ 7,538,571
Pure Storage, Inc. Series E	8/22/13	$ 642,037
Uber Technologies, Inc. 8.00%	6/6/14	$ 4,110,027

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
Fidelity Cash Central Fund	$ 143,211
Fidelity Securities Lending Cash Central Fund	405,484
Total	$ 548,695

Other Affiliated Issuers

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
OvaScience, Inc.	$ 9,254,789	$ 744,401	$ -	$ -	$ -
Total	$ 9,254,789	$ 744,401	$ -	$ -	$ -

Other Information

The following is a summary of the inputs used, as of September 30, 2014, involving the Fund's assets and liabilities carried at fair 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 table below, please refer to the Investment Valuation section at the end of this listing.

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 1,054,281,882	$ 1,045,313,265	$ 2,904,200	$ 6,064,417
Consumer Staples	416,042,381	416,042,381	-	-
Energy	219,406,658	217,567,958	1,838,700	-
Financials	742,699,521	729,328,027	13,371,494	-
Health Care	1,103,156,043	1,095,700,767	7,455,276	-
Industrials	392,757,438	392,730,407	27,031	-
Information Technology	1,768,231,311	1,687,732,904	22,738,035	57,760,372
Materials	207,580,576	205,869,258	1,711,318	-
Telecommunication Services	9,818,131	4,069,567	5,748,564	-
Bank Loan Obligations	3,094,666	-	3,094,666	-
Money Market Funds	417,819,534	417,819,534	-	-
Total Investments in Securities:	$ 6,334,888,141	$ 6,212,174,068	$ 58,889,284	$ 63,824,789

Valuation Inputs at Reporting Date:

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

Investments in Securities:
Beginning Balance	$ 36,732,552
Net Realized Gain (Loss) on Investment Securities	-
Net Unrealized Gain (Loss) on Investment Securities	6,241,855
Cost of Purchases	23,444,115
Proceeds of Sales	(2,593,733)
Amortization/Accretion	-
Transfers into Level 3	21,304,152
Transfers out of Level 3	(21,304,152)
Ending Balance	$ 63,824,789
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at September 30, 2014	$ 6,241,855

Income Tax Information

At September 30, 2014, the cost of investment securities for income tax purposes was $4,647,644,216. Net unrealized appreciation aggregated $1,687,243,925, of which $1,723,762,978 related to appreciated investment securities and $36,519,053 related to depreciated investment securities.

Investment Valuation

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. Bank loan obligations are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices.

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.

The following provides information on Level 3 securities held by the Fund that were valued at period end based on unobservable inputs. These amounts exclude valuations provided by a broker.

Asset Type	Fair Value at 09/30/14	Valuation Technique(s)	Unobservable Input	Amount or Range / Weighted Average	Impact to Valuation from an Increase in Input*
Common Stocks	$ 25,553,816	Partnership NAV	Discount rate	10.0%	Decrease
Preferred Stocks	$ 38,270,973	Last transaction price	Transaction price	$13.40 - $62.05 / $25.71	Increase
			Adjusted transaction price	$18.65	Increase
		Market comparable	Discount rate	20.0%	Decrease
			Weighted earnings multiple	2.8 - 9.4 / 6.1	Increase
			EV/Sales multiple	7.1 - 10.1 / 8.5	Increase

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 28, 2014

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 28, 2014
By:	/s/Howard J. Galligan III
	Howard J. Galligan III
	Chief Financial Officer

Date:	November 28, 2014

EX-99.CERT 2 ex99.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 28, 2014

/s/Kenneth B. Robins

Kenneth B. Robins

President and Treasurer

I, Howard J. Galligan III, certify that:

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

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 28, 2014

/s/Howard J. Galligan III

Howard J. Galligan III

Chief Financial Officer