NPORT-EX 2 QTLY_2946_20200930.htm

Quarterly Holdings Report
for

Fidelity® Contrafund® K6

September 30, 2020







CONK6-QTLY-1120
1.9883976.103





Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 95.1%   
 Shares Value 
COMMUNICATION SERVICES - 17.7%   
Entertainment - 4.2%   
Activision Blizzard, Inc. 1,522,437 $123,241,275 
Electronic Arts, Inc. (a) 140,698 18,348,426 
NetEase, Inc. 512,621 9,203,836 
Netflix, Inc. (a) 892,058 446,055,762 
Nexon Co. Ltd. 50,766 1,266,296 
Nintendo Co. Ltd. 5,476 3,103,201 
Spotify Technology SA (a) 44,633 10,826,627 
Take-Two Interactive Software, Inc. (a) 102,792 16,983,294 
The Walt Disney Co. 238,541 29,598,167 
  658,626,884 
Interactive Media & Services - 12.6%   
Alphabet, Inc.:   
Class A (a) 233,081 341,603,514 
Class C (a) 213,898 314,344,501 
Facebook, Inc. Class A (a) 4,977,649 1,303,646,273 
Match Group, Inc. (a) 70,769 7,830,590 
Pinterest, Inc. Class A (a) 142,172 5,901,560 
Snap, Inc. Class A (a) 626,463 16,356,949 
Tencent Holdings Ltd. 118,570 8,008,620 
Twitter, Inc. (a) 36,200 1,610,900 
Zillow Group, Inc. Class C (a)(b) 15,700 1,594,963 
  2,000,897,870 
Media - 0.2%   
Charter Communications, Inc. Class A (a) 50,482 31,517,932 
Wireless Telecommunication Services - 0.7%   
T-Mobile U.S., Inc. 899,052 102,815,587 
TOTAL COMMUNICATION SERVICES  2,793,858,273 
CONSUMER DISCRETIONARY - 13.6%   
Automobiles - 0.0%   
BYD Co. Ltd. (H Shares) 223,500 3,604,211 
Tesla, Inc. (a) 2,542 1,090,543 
  4,694,754 
Hotels, Restaurants & Leisure - 0.6%   
Chipotle Mexican Grill, Inc. (a) 36,173 44,988,722 
Domino's Pizza, Inc. 17,712 7,532,559 
DraftKings, Inc. Class A (a)(b) 164,527 9,680,769 
Evolution Gaming Group AB (c) 106,219 7,054,502 
McDonald's Corp. 63,000 13,827,870 
Penn National Gaming, Inc. (a) 63,400 4,609,180 
  87,693,602 
Household Durables - 0.2%   
D.R. Horton, Inc. 141,330 10,688,788 
Garmin Ltd. 83,278 7,899,751 
Lennar Corp. Class A 172,559 14,094,619 
Sony Corp. 16,856 1,291,878 
  33,975,036 
Internet & Direct Marketing Retail - 10.5%   
Alibaba Group Holding Ltd. 1,290,233 47,365,898 
Alibaba Group Holding Ltd. sponsored ADR (a) 228,289 67,112,400 
Amazon.com, Inc. (a) 466,815 1,469,874,390 
Coupang unit (d)(e) 281,219 2,109,143 
eBay, Inc. 799,507 41,654,315 
JD.com, Inc. Class A 389,170 14,985,075 
Meituan Dianping Class B (a) 362,399 11,416,041 
Pinduoduo, Inc. ADR (a) 68,669 5,091,806 
  1,659,609,068 
Leisure Products - 0.0%   
Peloton Interactive, Inc. Class A (a) 66,827 6,631,911 
Multiline Retail - 0.3%   
B&M European Value Retail SA 1,062,407 6,781,728 
Dollar General Corp. 207,817 43,562,600 
Target Corp. 9,010 1,418,354 
  51,762,682 
Specialty Retail - 1.0%   
Bed Bath & Beyond, Inc. 141,419 2,118,457 
Best Buy Co., Inc. 37,734 4,199,417 
Carvana Co. Class A (a) 6,600 1,472,196 
Cazoo Holdings Ltd. (d)(e) 69,974 959,341 
Lowe's Companies, Inc. 53,630 8,895,072 
O'Reilly Automotive, Inc. (a) 28,529 13,154,151 
The Home Depot, Inc. 419,662 116,544,334 
TJX Companies, Inc. 181,435 10,096,858 
Vroom, Inc. (b) 123,200 6,379,296 
  163,819,122 
Textiles, Apparel & Luxury Goods - 1.0%   
adidas AG 55,290 17,898,116 
Allbirds, Inc. (a)(d)(e) 33,995 392,982 
Deckers Outdoor Corp. (a) 54,703 12,035,207 
Kering SA 2,009 1,336,955 
lululemon athletica, Inc. (a) 36,971 12,177,138 
NIKE, Inc. Class B 828,278 103,982,020 
On Holding AG (d)(e) 282 3,046,414 
  150,868,832 
TOTAL CONSUMER DISCRETIONARY  2,159,055,007 
CONSUMER STAPLES - 2.9%   
Beverages - 0.6%   
Boston Beer Co., Inc. Class A (a) 2,319 2,048,512 
Constellation Brands, Inc. Class A (sub. vtg.) 7,289 1,381,338 
Keurig Dr. Pepper, Inc. 97,135 2,680,926 
Monster Beverage Corp. (a) 126,277 10,127,415 
PepsiCo, Inc. 328,407 45,517,210 
The Coca-Cola Co. 571,730 28,226,310 
  89,981,711 
Food & Staples Retailing - 1.3%   
Alimentation Couche-Tard, Inc. Class B (sub. vtg.) 143,818 5,008,329 
Costco Wholesale Corp. 395,433 140,378,715 
Walmart, Inc. 381,067 53,315,084 
  198,702,128 
Household Products - 0.0%   
Kimberly-Clark Corp. 29,587 4,368,816 
Personal Products - 1.0%   
Estee Lauder Companies, Inc. Class A 667,203 145,617,055 
L'Oreal SA 23,820 7,751,722 
L'Oreal SA 15,708 5,111,841 
  158,480,618 
TOTAL CONSUMER STAPLES  451,533,273 
ENERGY - 0.4%   
Oil, Gas & Consumable Fuels - 0.4%   
Continental Resources, Inc. (b) 118,362 1,453,485 
Hess Corp. 109,134 4,466,855 
Noble Energy, Inc. 313,502 2,680,442 
Reliance Industries Ltd. 1,922,982 58,486,500 
  67,087,282 
FINANCIALS - 6.6%   
Banks - 1.0%   
Bank of America Corp. 3,061,952 73,762,424 
Citigroup, Inc. 113,407 4,888,976 
JPMorgan Chase & Co. 655,417 63,096,995 
Kotak Mahindra Bank Ltd. (a) 227,272 3,935,262 
M&T Bank Corp. 28,763 2,648,785 
The Toronto-Dominion Bank 23,507 1,088,361 
  149,420,803 
Capital Markets - 0.7%   
BlackRock, Inc. Class A 94,710 53,373,821 
MarketAxess Holdings, Inc. 9,830 4,734,030 
Moody's Corp. 120,828 35,021,996 
MSCI, Inc. 33,119 11,816,197 
S&P Global, Inc. 32,918 11,870,231 
  116,816,275 
Diversified Financial Services - 4.6%   
Berkshire Hathaway, Inc. Class A (a) 2,256 721,922,256 
Insurance - 0.3%   
Admiral Group PLC 545,732 18,386,278 
Direct Line Insurance Group PLC 400,800 1,393,262 
Fairfax Financial Holdings Ltd. (sub. vtg.) 320 94,230 
Intact Financial Corp. 8,651 926,334 
Progressive Corp. 234,253 22,176,732 
  42,976,836 
Thrifts & Mortgage Finance - 0.0%   
Rocket Cos., Inc. (a)(b) 248,477 4,952,147 
TOTAL FINANCIALS  1,036,088,317 
HEALTH CARE - 13.9%   
Biotechnology - 3.4%   
23andMe, Inc. (a)(d)(e) 6,779 70,841 
AbbVie, Inc. 646,911 56,662,934 
Acceleron Pharma, Inc. (a) 37,926 4,267,813 
Allovir, Inc. 78,908 1,952,973 
Allovir, Inc. (a) 40,111 1,103,053 
Alnylam Pharmaceuticals, Inc. (a) 51,765 7,536,984 
Amgen, Inc. 17,908 4,551,497 
Arcus Biosciences, Inc. (a) 65,174 1,117,082 
Argenx SE ADR (a) 23,697 6,220,936 
Ascendis Pharma A/S sponsored ADR (a) 9,862 1,521,904 
BeiGene Ltd. ADR (a) 36,757 10,528,675 
Biohaven Pharmaceutical Holding Co. Ltd. (a) 19,832 1,289,278 
Blueprint Medicines Corp. (a) 6,349 588,552 
CSL Ltd. 12,650 2,613,070 
Denali Therapeutics, Inc. (a) 6,925 248,123 
Exelixis, Inc. (a) 33,774 825,774 
Generation Bio Co. 30,875 906,629 
Genmab A/S (a) 14,079 5,099,561 
Idorsia Ltd. (a) 331,268 8,898,073 
Innovent Biologics, Inc. (a)(c) 1,725,798 12,869,613 
Kymera Therapeutics, Inc. (a) 24,708 798,315 
Mirati Therapeutics, Inc. (a) 24,259 4,028,207 
Morphosys AG (a) 22,367 2,841,391 
Neurocrine Biosciences, Inc. (a) 22,911 2,203,122 
Regeneron Pharmaceuticals, Inc. (a) 284,490 159,251,812 
Relay Therapeutics, Inc. (a) 62,612 2,666,645 
Sarepta Therapeutics, Inc. (a) 22,499 3,159,535 
Seattle Genetics, Inc. (a) 77,787 15,222,138 
Turning Point Therapeutics, Inc. (a) 56,056 4,897,052 
Vertex Pharmaceuticals, Inc. (a) 781,600 212,688,992 
Zai Lab Ltd. (a) 86,800 7,222,229 
Zai Lab Ltd. ADR (a) 53,697 4,465,979 
  548,318,782 
Health Care Equipment & Supplies - 2.9%   
Abbott Laboratories 503,168 54,759,773 
Baxter International, Inc. 219,513 17,653,235 
Danaher Corp. 616,315 132,711,109 
DexCom, Inc. (a) 265,950 109,632,569 
Edwards Lifesciences Corp. (a) 591,180 47,187,988 
Hologic, Inc. (a) 194,738 12,944,235 
Intuitive Surgical, Inc. (a) 84,823 60,185,311 
Masimo Corp. (a) 38,967 9,198,550 
ResMed, Inc. 16,977 2,910,367 
Sonova Holding AG Class B 5,933 1,504,749 
Venus MedTech Hangzhou, Inc. (H Shares) (a)(c) 551,267 5,883,918 
West Pharmaceutical Services, Inc. 10,529 2,894,422 
  457,466,226 
Health Care Providers & Services - 3.1%   
Guardant Health, Inc. (a) 16,100 1,799,658 
Humana, Inc. 66,778 27,638,746 
Patterson Companies, Inc. 194,352 4,684,855 
UnitedHealth Group, Inc. 1,455,704 453,844,836 
  487,968,095 
Health Care Technology - 0.3%   
GoodRx Holdings, Inc. 54,200 3,013,520 
Veeva Systems, Inc. Class A (a) 142,678 40,119,627 
  43,133,147 
Life Sciences Tools & Services - 1.5%   
10X Genomics, Inc. (a) 47,226 5,888,138 
Adaptive Biotechnologies Corp. (a) 42,500 2,066,775 
Bio-Rad Laboratories, Inc. Class A (a) 41,802 21,547,259 
Eurofins Scientific SA (a) 9,662 7,651,074 
Illumina, Inc. (a) 4,400 1,359,952 
IQVIA Holdings, Inc. (a) 59,331 9,352,346 
Lonza Group AG 25 15,428 
Mettler-Toledo International, Inc. (a) 77,977 75,306,288 
Thermo Fisher Scientific, Inc. 237,961 105,064,541 
WuXi AppTec Co. Ltd. (H Shares) (c) 507,078 7,332,737 
  235,584,538 
Pharmaceuticals - 2.7%   
AstraZeneca PLC sponsored ADR 1,730,960 94,856,608 
Bristol-Myers Squibb Co. 835,207 50,354,630 
Eli Lilly & Co. 775,506 114,790,398 
Hansoh Pharmaceutical Group Co. Ltd. (a)(c) 1,520,621 7,432,245 
Horizon Therapeutics PLC (a) 458,161 35,589,946 
Jazz Pharmaceuticals PLC (a) 87,347 12,454,809 
Johnson & Johnson 25,921 3,859,118 
Merck & Co., Inc. 559,199 46,385,557 
MyoKardia, Inc. (a) 22,978 3,132,591 
Pacira Biosciences, Inc. (a) 8,583 516,010 
Roche Holding AG (participation certificate) 4,254 1,457,168 
Royalty Pharma PLC 235,947 9,926,290 
UCB SA 81,002 9,212,167 
Zoetis, Inc. Class A 244,090 40,365,163 
  430,332,700 
TOTAL HEALTH CARE  2,202,803,488 
INDUSTRIALS - 3.0%   
Aerospace & Defense - 0.5%   
Lockheed Martin Corp. 101,509 38,906,370 
Northrop Grumman Corp. 113,444 35,790,448 
  74,696,818 
Air Freight & Logistics - 0.3%   
C.H. Robinson Worldwide, Inc. 32,100 3,280,299 
United Parcel Service, Inc. Class B 302,431 50,394,078 
  53,674,377 
Building Products - 0.3%   
Fortune Brands Home & Security, Inc. 303,024 26,217,636 
The AZEK Co., Inc. 132,582 4,615,179 
Toto Ltd. 303,044 13,964,056 
Trane Technologies PLC 33,959 4,117,529 
  48,914,400 
Commercial Services & Supplies - 0.2%   
Cintas Corp. 89,748 29,870,827 
Clean TeQ Holdings Ltd. (a)(b) 3,606,232 746,407 
TulCo LLC (a)(d)(e)(f) 1,552 964,521 
  31,581,755 
Electrical Equipment - 0.4%   
Acuity Brands, Inc. 36,651 3,751,230 
Vestas Wind Systems A/S 379,807 61,607,460 
  65,358,690 
Industrial Conglomerates - 0.0%   
General Electric Co. 802,265 4,998,111 
Machinery - 0.3%   
Deere & Co. 50,918 11,284,956 
Fortive Corp. 272,808 20,790,698 
Illinois Tool Works, Inc. 23,600 4,559,756 
Otis Worldwide Corp. 24,848 1,551,012 
PACCAR, Inc. 130,541 11,132,536 
  49,318,958 
Professional Services - 0.6%   
Clarivate Analytics PLC (a) 1,160,572 35,966,126 
CoStar Group, Inc. (a) 31,227 26,496,422 
Equifax, Inc. 8,459 1,327,217 
Experian PLC 379,955 14,276,573 
FTI Consulting, Inc. (a) 71,860 7,615,004 
Verisk Analytics, Inc. 11,306 2,095,115 
  87,776,457 
Road & Rail - 0.4%   
Canadian Pacific Railway Ltd. 94,765 28,826,979 
Uber Technologies, Inc. (a) 44,800 1,634,304 
Union Pacific Corp. 166,141 32,708,179 
  63,169,462 
Trading Companies & Distributors - 0.0%   
Air Lease Corp. Class A 8,300 244,186 
Fastenal Co. 32,258 1,454,513 
  1,698,699 
TOTAL INDUSTRIALS  481,187,727 
INFORMATION TECHNOLOGY - 33.7%   
Electronic Equipment & Components - 1.1%   
Amphenol Corp. Class A 1,467,452 158,881,028 
Samsung SDI Co. Ltd. 17,100 6,356,796 
Zebra Technologies Corp. Class A (a) 25,055 6,325,385 
  171,563,209 
IT Services - 9.0%   
Accenture PLC Class A 387,364 87,540,390 
Adyen BV (a)(c) 28,550 52,660,025 
EPAM Systems, Inc. (a) 2,538 820,485 
MasterCard, Inc. Class A 831,351 281,137,968 
MongoDB, Inc. Class A (a)(b) 224,633 52,004,786 
Okta, Inc. (a) 430,149 91,987,364 
PayPal Holdings, Inc. (a) 1,230,869 242,518,119 
Shopify, Inc. Class A (a) 87,832 89,820,101 
Snowflake Computing, Inc. (b) 45,100 11,320,100 
Snowflake Computing, Inc. Class B 8,969 2,026,097 
Square, Inc. (a) 125,821 20,452,204 
Twilio, Inc. Class A (a) 111,585 27,571,538 
Visa, Inc. Class A 2,284,176 456,766,675 
  1,416,625,852 
Semiconductors & Semiconductor Equipment - 4.8%   
Advanced Micro Devices, Inc. (a) 1,051,793 86,236,508 
Analog Devices, Inc. 82,420 9,621,711 
ASML Holding NV 38,350 14,161,505 
Enphase Energy, Inc. (a) 224,396 18,532,866 
KLA-Tencor Corp. 25,442 4,929,133 
Lam Research Corp. 161,275 53,502,981 
Lattice Semiconductor Corp. (a) 279,936 8,106,947 
Marvell Technology Group Ltd. 349,465 13,873,761 
NVIDIA Corp. 487,143 263,651,534 
NXP Semiconductors NV 113,478 14,163,189 
Qorvo, Inc. (a) 123,670 15,954,667 
Qualcomm, Inc. 1,668,447 196,342,843 
Semtech Corp. (a) 116,427 6,165,974 
Skyworks Solutions, Inc. 69,230 10,072,965 
SolarEdge Technologies, Inc. (a) 41,123 9,801,667 
Synaptics, Inc. (a) 242,827 19,528,147 
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR 144,961 11,751,988 
Texas Instruments, Inc. 35,202 5,026,494 
  761,424,880 
Software - 15.7%   
Adobe, Inc. (a) 1,085,232 532,230,330 
Agora, Inc. ADR (a) 20,553 883,368 
ANSYS, Inc. (a) 4,779 1,563,832 
Atlassian Corp. PLC (a) 304,689 55,389,413 
Cadence Design Systems, Inc. (a) 51,047 5,443,142 
Ceridian HCM Holding, Inc. (a) 82,945 6,855,404 
Cloudflare, Inc. (a) 223,682 9,184,383 
Coupa Software, Inc. (a) 164,028 44,983,039 
Crowdstrike Holdings, Inc. (a) 38,652 5,307,693 
Datadog, Inc. Class A (a) 156,804 16,019,097 
Dropbox, Inc. Class A (a) 559,496 10,775,893 
Duck Creek Technologies, Inc. (a) 16,443 747,005 
Dynatrace, Inc. (a) 470,608 19,304,340 
Epic Games, Inc. (d)(e) 14,010 8,055,750 
Everbridge, Inc. (a) 32,164 4,043,980 
Fortinet, Inc. (a) 97,619 11,500,494 
Intuit, Inc. 145,304 47,399,618 
JFrog Ltd. (b) 20,700 1,752,255 
Microsoft Corp. 4,237,709 891,317,334 
Netcompany Group A/S (a)(c) 3,064 254,051 
RingCentral, Inc. (a) 29,740 8,166,901 
Salesforce.com, Inc. (a) 2,800,729 703,879,212 
ServiceNow, Inc. (a) 101,135 49,050,475 
Slack Technologies, Inc. Class A (a)(b) 517,847 13,909,370 
SurveyMonkey (a) 147,333 3,257,533 
Tanium, Inc. Class B (a)(d)(e) 449,538 5,122,575 
Unity Software, Inc. 47,200 4,119,616 
Workday, Inc. Class A (a) 98,515 21,193,532 
Xero Ltd. (a) 49,281 3,594,807 
Zoom Video Communications, Inc. Class A (a) 10,444 4,909,829 
  2,490,214,271 
Technology Hardware, Storage & Peripherals - 3.1%   
Apple, Inc. 4,126,923 477,938,953 
Dell Technologies, Inc. (a) 31,507 2,132,709 
Samsung Electronics Co. Ltd. 220,200 10,989,890 
  491,061,552 
TOTAL INFORMATION TECHNOLOGY  5,330,889,764 
MATERIALS - 2.5%   
Chemicals - 0.7%   
Air Products & Chemicals, Inc. 90,128 26,845,526 
Growmax Resources Corp. (a)(c)(e) 233,005 9,624 
Sherwin-Williams Co. 119,592 83,324,530 
Westlake Chemical Corp. 23,122 1,461,773 
  111,641,453 
Containers & Packaging - 0.0%   
Silgan Holdings, Inc. 124,250 4,568,673 
WestRock Co. 39,744 1,380,707 
  5,949,380 
Metals & Mining - 1.8%   
Agnico Eagle Mines Ltd. (Canada) 114,624 9,132,560 
B2Gold Corp. 3,885,439 25,298,904 
Barrick Gold Corp. 211,465 5,944,281 
Barrick Gold Corp. (Canada) 2,917,071 81,933,428 
Franco-Nevada Corp. 512,039 71,552,023 
Freeport-McMoRan, Inc. 1,040,195 16,268,650 
Ivanhoe Mines Ltd. (a) 3,932,869 14,295,435 
Ivanhoe Mines Ltd. (a)(c) 995,503 3,618,516 
Lundin Gold, Inc. (a) 243,394 2,211,759 
Newmont Corp. 572,662 36,335,404 
Northern Star Resources Ltd. 150,188 1,488,220 
Novagold Resources, Inc. (a) 828,773 9,871,458 
  277,950,638 
TOTAL MATERIALS  395,541,471 
REAL ESTATE - 0.6%   
Equity Real Estate Investment Trusts (REITs) - 0.6%   
Alexandria Real Estate Equities, Inc. 75,049 12,007,840 
American Tower Corp. 269,761 65,209,327 
Equity Commonwealth 206,896 5,509,640 
Prologis (REIT), Inc. 144,986 14,588,491 
  97,315,298 
Real Estate Management & Development - 0.0%   
FirstService Corp. 5,618 740,958 
TOTAL REAL ESTATE  98,056,256 
UTILITIES - 0.2%   
Electric Utilities - 0.2%   
Iberdrola SA 116,520 1,435,812 
NextEra Energy, Inc. 20,934 5,810,441 
PG&E Corp. (a) 2,259,568 21,217,344 
  28,463,597 
TOTAL COMMON STOCKS   
(Cost $10,134,587,372)  15,044,564,455 
Preferred Stocks - 0.3%   
Convertible Preferred Stocks - 0.3%   
CONSUMER DISCRETIONARY - 0.1%   
Internet & Direct Marketing Retail - 0.1%   
Doordash, Inc. Series H (d)(e) 21,106 4,844,481 
Specialty Retail - 0.0%   
Aurora Innovation, Inc. Series B (a)(d)(e) 119,040 1,099,965 
Fanatics, Inc. Series E (d)(e) 192,106 3,321,513 
  4,421,478 
Textiles, Apparel & Luxury Goods - 0.0%   
Allbirds, Inc.:   
Series A (a)(d)(e) 13,415 155,077 
Series B (a)(d)(e) 2,355 27,224 
Series C (a)(d)(e) 22,525 260,389 
Series Seed (a)(d)(e) 7,210 83,348 
  526,038 
TOTAL CONSUMER DISCRETIONARY  9,791,997 
CONSUMER STAPLES - 0.0%   
Food & Staples Retailing - 0.0%   
Roofoods Ltd. Series F (a)(d)(e) 1,222 413,830 
HEALTH CARE - 0.0%   
Biotechnology - 0.0%   
23andMe, Inc. Series F (a)(d)(e) 26,649 278,482 
Nuvation Bio, Inc. Series A (a)(d)(e)(g) 2,568,600 2,414,484 
  2,692,966 
INDUSTRIALS - 0.1%   
Aerospace & Defense - 0.1%   
Space Exploration Technologies Corp. Series N (d)(e) 49,490 13,362,300 
Commercial Services & Supplies - 0.0%   
ZenPayroll, Inc. Series D (a)(d)(e) 184,203 2,452,184 
TOTAL INDUSTRIALS  15,814,484 
INFORMATION TECHNOLOGY - 0.1%   
Software - 0.1%   
Affirm, Inc.:   
Series F (a)(d)(e) 141,842 2,826,386 
Series G (d)(e) 276,447 5,508,566 
Series G1 (d)(e) 45,878 914,179 
Carbon, Inc.:   
Series D (a)(d)(e) 9,678 295,373 
Series E (a)(d)(e) 7,351 227,219 
  9,771,723 
MATERIALS - 0.0%   
Metals & Mining - 0.0%   
High Power Exploration, Inc. Series A (d)(e) 1,052,269 6,555,636 
TOTAL CONVERTIBLE PREFERRED STOCKS  45,040,636 
Nonconvertible Preferred Stocks - 0.0%   
CONSUMER DISCRETIONARY - 0.0%   
Specialty Retail - 0.0%   
Cazoo Holdings Ltd.:   
Series A (d)(e) 2,284 31,318 
Series B (d)(e) 39,995 548,330 
Series C (d)(e) 812 11,132 
Series D (d)(e) 142,876 1,958,826 
  2,549,606 
CONSUMER STAPLES - 0.0%   
Food & Staples Retailing - 0.0%   
Roofoods Ltd. Series G (a)(e) 3,143 1,064,377 
TOTAL NONCONVERTIBLE PREFERRED STOCKS  3,613,983 
TOTAL PREFERRED STOCKS   
(Cost $46,355,913)  48,654,619 
Money Market Funds - 5.1%   
Fidelity Cash Central Fund 0.10% (h) 756,416,329 756,567,612 
Fidelity Securities Lending Cash Central Fund 0.10% (h)(i) 47,980,903 47,985,701 
TOTAL MONEY MARKET FUNDS   
(Cost $804,552,320)  804,553,313 
TOTAL INVESTMENT IN SECURITIES - 100.5%   
(Cost $10,985,495,605)  15,897,772,387 
NET OTHER ASSETS (LIABILITIES) - (0.5)%  (73,509,168) 
NET ASSETS - 100%  $15,824,263,219 

Legend

 (a) Non-income producing

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

 (c) 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 $97,115,231 or 0.6% of net assets.

 (d) Restricted securities (including private placements) - 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 $68,311,809 or 0.4% of net assets.

 (e) Level 3 security

 (f) Investment is owned by a wholly-owned subsidiary (Subsidiary) that is treated as a corporation for U.S. tax purposes.

 (g) Security or a portion of the security purchased on a delayed delivery or when-issued basis.

 (h) 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.

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

Additional information on each restricted holding is as follows:

Security Acquisition Date Acquisition Cost 
23andMe, Inc. 12/7/18 $113,887 
23andMe, Inc. Series F 8/31/17 $370,000 
Affirm, Inc. Series F 3/22/19 $1,869,917 
Affirm, Inc. Series G 9/11/20 $5,508,566 
Affirm, Inc. Series G1 4/29/20 $774,200 
Allbirds, Inc. 10/9/18 $372,829 
Allbirds, Inc. Series A 10/9/18 $147,124 
Allbirds, Inc. Series B 10/9/18 $25,828 
Allbirds, Inc. Series C 10/9/18 $247,035 
Allbirds, Inc. Series Seed 10/9/18 $79,073 
Aurora Innovation, Inc. Series B 3/1/19 $1,099,965 
Carbon, Inc. Series D 12/15/17 $225,990 
Carbon, Inc. Series E 3/22/19 $205,787 
Cazoo Holdings Ltd. 9/30/20 $959,341 
Cazoo Holdings Ltd. Series A 9/30/20 $31,314 
Cazoo Holdings Ltd. Series B 9/30/20 $548,330 
Cazoo Holdings Ltd. Series C 9/30/20 $11,132 
Cazoo Holdings Ltd. Series D 9/30/20 $1,958,826 
Coupang unit 6/12/20 $2,109,143 
Doordash, Inc. Series H 6/17/20 $4,844,481 
Epic Games, Inc. 7/13/20 - 7/30/20 $8,055,750 
Fanatics, Inc. Series E 8/13/20 $3,321,513 
High Power Exploration, Inc. Series A 11/15/19 $5,545,458 
Nuvation Bio, Inc. Series A 6/17/19 $1,981,366 
On Holding AG 2/6/20 $2,569,790 
Roofoods Ltd. Series F 9/12/17 $432,063 
Space Exploration Technologies Corp. Series N 8/4/20 $13,362,300 
Tanium, Inc. Class B 9/18/20 $5,122,575 
TulCo LLC 8/24/17 - 9/7/18 $651,224 
ZenPayroll, Inc. Series D 7/16/19 $2,452,184 

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 $839,213 
Fidelity Securities Lending Cash Central Fund 128,671 
Total $967,884 

Amounts in the income column in the above table include any capital gain distributions from underlying funds. Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.

Investment Valuation

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by 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 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. 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 reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. 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. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy. 

Investments in 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.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

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