NPORT-EX 2 QTLY_2946_20210331.htm

Quarterly Holdings Report
for

Fidelity® Contrafund® K6

March 31, 2021







CONK6-QTLY-0521
1.9883977.103





Schedule of Investments March 31, 2021 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.8%   
 Shares Value 
COMMUNICATION SERVICES - 20.1%   
Entertainment - 4.4%   
Activision Blizzard, Inc. 1,803,593 $167,734,149 
Netflix, Inc. (a) 1,061,829 553,913,716 
Nintendo Co. Ltd. 23,497 13,243,744 
Sea Ltd. ADR (a) 8,575 1,914,197 
Skillz, Inc. (a)(b) 154,831 2,947,982 
Spotify Technology SA (a) 117,080 31,371,586 
Take-Two Interactive Software, Inc. (a) 89,669 15,844,512 
The Walt Disney Co. (a) 732,528 135,166,067 
  922,135,953 
Interactive Media & Services - 14.5%   
Alphabet, Inc.:   
Class A (a) 240,860 496,778,567 
Class C (a) 221,050 457,270,662 
Bumble, Inc. (b) 205,424 12,814,349 
Facebook, Inc. Class A (a) 6,576,823 1,937,071,680 
Kuaishou Technology Class B (c) 141,953 4,930,128 
Match Group, Inc. (a) 116,528 16,008,617 
NAVER Corp. 11,533 3,875,692 
Snap, Inc. Class A (a) 947,327 49,535,729 
Tencent Holdings Ltd. 227,558 18,160,848 
Twitter, Inc. (a) 119,089 7,577,633 
Zoominfo Technologies, Inc. 121,811 5,956,558 
  3,009,980,463 
Media - 0.5%   
Charter Communications, Inc. Class A (a) 84,442 52,102,403 
Comcast Corp. Class A 801,616 43,375,442 
Discovery Communications, Inc. Class A (a)(b) 112,634 4,895,074 
  100,372,919 
Wireless Telecommunication Services - 0.7%   
T-Mobile U.S., Inc. 1,124,908 140,939,723 
TOTAL COMMUNICATION SERVICES  4,173,429,058 
CONSUMER DISCRETIONARY - 13.7%   
Automobiles - 0.5%   
General Motors Co. 659,297 37,883,206 
Hyundai Motor Co. 111,240 21,639,622 
Rad Power Bikes, Inc. (d)(e) 331,574 1,599,460 
Tesla, Inc. (a) 3,076 2,054,553 
Toyota Motor Corp. 409,988 31,905,276 
  95,082,117 
Diversified Consumer Services - 0.0%   
Chegg, Inc. (a)(b) 51,229 4,388,276 
H&R Block, Inc. 283,585 6,182,153 
  10,570,429 
Hotels, Restaurants & Leisure - 0.6%   
Chipotle Mexican Grill, Inc. (a) 36,257 51,514,671 
Deliveroo Holdings PLC 1,291,800 4,607,214 
Deliveroo Holdings PLC (a) 1,469,900 7,902,976 
Evolution Gaming Group AB (c) 134,629 19,824,112 
Flutter Entertainment PLC (Ireland) 13,971 3,003,149 
Hilton Worldwide Holdings, Inc. 138,451 16,741,495 
Penn National Gaming, Inc. (a) 76,764 8,047,938 
Starbucks Corp. 142,542 15,575,564 
  127,217,119 
Household Durables - 0.8%   
D.R. Horton, Inc. 493,682 43,996,940 
Garmin Ltd. 166,992 22,017,895 
Lennar Corp. Class A 457,188 46,281,141 
Mohawk Industries, Inc. (a) 97,672 18,783,302 
Sony Corp. 224,883 23,800,149 
Tempur Sealy International, Inc. 127,685 4,668,164 
Whirlpool Corp. 18,100 3,988,335 
  163,535,926 
Internet & Direct Marketing Retail - 9.1%   
Alibaba Group Holding Ltd. (a) 959,933 27,274,217 
Alibaba Group Holding Ltd. sponsored ADR (a) 14,175 3,213,898 
Amazon.com, Inc. (a) 552,308 1,708,885,137 
Coupang Corp. unit (d) 281,219 12,490,342 
Coupang, Inc. Class A (a)(b) 171,214 8,449,411 
Doordash, Inc. 105,530 13,146,241 
eBay, Inc. 1,172,121 71,780,690 
JD.com, Inc. Class A 371,581 15,670,438 
Meituan Class B (a)(c) 66,397 2,546,865 
The Booking Holdings, Inc. (a) 1,616 3,765,021 
Wayfair LLC Class A (a) 43,661 13,742,300 
Zomato Pvt Ltd. (d)(e) 213 1,135,635 
ZOZO, Inc. 125,245 3,710,309 
  1,885,810,504 
Specialty Retail - 1.6%   
Academy Sports & Outdoors, Inc. (b) 195,930 5,288,151 
Best Buy Co., Inc. 232,600 26,704,806 
Burlington Stores, Inc. (a) 23,037 6,883,456 
Cazoo Holdings Ltd. (d)(e) 69,974 1,024,953 
Dick's Sporting Goods, Inc. 78,281 5,961,098 
L Brands, Inc. 81,863 5,064,045 
Lowe's Companies, Inc. 147,405 28,033,483 
National Vision Holdings, Inc. (a) 72,167 3,163,080 
O'Reilly Automotive, Inc. (a) 4,037 2,047,768 
RH (a) 3,330 1,986,678 
The Home Depot, Inc. 667,712 203,819,088 
TJX Companies, Inc. 589,194 38,975,183 
Williams-Sonoma, Inc. 77,636 13,912,371 
  342,864,160 
Textiles, Apparel & Luxury Goods - 1.1%   
Allbirds, Inc. (a)(d)(e) 33,995 390,263 
Deckers Outdoor Corp. (a) 96,650 31,935,093 
Dr. Martens Ltd. (a) 1,891,028 11,814,793 
Hermes International SCA 1,583 1,752,427 
Levi Strauss & Co. Class A (b) 84,267 2,014,824 
lululemon athletica, Inc. (a) 38,818 11,905,869 
LVMH Moet Hennessy Louis Vuitton SE 5,938 3,966,297 
NIKE, Inc. Class B 1,083,729 144,016,747 
On Holding AG (a)(d)(e) 282 5,117,482 
Tapestry, Inc. 226,489 9,333,612 
  222,247,407 
TOTAL CONSUMER DISCRETIONARY  2,847,327,662 
CONSUMER STAPLES - 2.7%   
Beverages - 0.5%   
Boston Beer Co., Inc. Class A (a) 1,304 1,572,989 
Constellation Brands, Inc. Class A (sub. vtg.) 143,874 32,803,272 
Keurig Dr. Pepper, Inc. 283,144 9,731,659 
Monster Beverage Corp. (a) 151,151 13,768,345 
PepsiCo, Inc. 147,740 20,897,823 
The Coca-Cola Co. 508,920 26,825,173 
  105,599,261 
Food & Staples Retailing - 1.0%   
Costco Wholesale Corp. 499,722 176,142,011 
Walmart, Inc. 168,538 22,892,517 
  199,034,528 
Food Products - 0.0%   
Bunge Ltd. 68,876 5,459,801 
Freshpet, Inc. (a) 10,304 1,636,378 
  7,096,179 
Household Products - 0.0%   
Colgate-Palmolive Co. 4,918 387,686 
Personal Products - 1.2%   
Estee Lauder Companies, Inc. Class A 776,929 225,969,800 
L'Oreal SA (a) 20,264 7,762,759 
L'Oreal SA (a) 27,522 10,543,163 
  244,275,722 
TOTAL CONSUMER STAPLES  556,393,376 
ENERGY - 0.2%   
Oil, Gas & Consumable Fuels - 0.2%   
Canadian Natural Resources Ltd. 217,448 6,722,253 
Hess Corp. 250,975 17,758,991 
Reliance Industries Ltd. 674,382 18,467,290 
  42,948,534 
FINANCIALS - 11.7%   
Banks - 3.1%   
Bank of America Corp. 6,109,221 236,365,760 
Citigroup, Inc. 229,023 16,661,423 
HDFC Bank Ltd. (a) 272,300 5,571,263 
HDFC Bank Ltd. sponsored ADR (a) 87,925 6,830,893 
JPMorgan Chase & Co. 1,452,236 221,073,886 
Kotak Mahindra Bank Ltd. (a) 742,472 17,793,303 
M&T Bank Corp. 162,296 24,605,697 
Royal Bank of Canada 597,706 55,109,568 
SVB Financial Group (a) 3,234 1,596,496 
The Toronto-Dominion Bank 734,964 47,933,198 
Wells Fargo & Co. 394,407 15,409,481 
  648,950,968 
Capital Markets - 1.5%   
BlackRock, Inc. Class A 125,111 94,328,690 
Brookfield Asset Management, Inc. (Canada) Class A 96,168 4,277,704 
Goldman Sachs Group, Inc. 149,721 48,958,767 
Moody's Corp. 10,132 3,025,517 
Morgan Stanley 1,583,873 123,003,577 
MSCI, Inc. 72,972 30,595,700 
  304,189,955 
Consumer Finance - 0.3%   
Capital One Financial Corp. 401,925 51,136,918 
Diversified Financial Services - 5.6%   
Berkshire Hathaway, Inc. Class A (a) 2,988 1,152,477,576 
Coinbase, Inc. (a)(d)(e) 16,400 6,117,200 
  1,158,594,776 
Insurance - 1.2%   
Admiral Group PLC 997,745 42,653,984 
AIA Group Ltd. 324,084 3,965,742 
American International Group, Inc. 687,665 31,777,000 
Arthur J. Gallagher & Co. 75,039 9,362,616 
Chubb Ltd. 338,318 53,444,094 
Direct Line Insurance Group PLC 473,183 2,043,750 
Fairfax Financial Holdings Ltd. (sub. vtg.) 18,746 8,182,636 
Hartford Financial Services Group, Inc. 138,062 9,221,161 
Intact Financial Corp. 40,667 4,983,463 
Intact Financial Corp. rights 12/31/21 (a)(d)(e) 25,608 2,740,730 
Progressive Corp. 486,313 46,496,386 
The Travelers Companies, Inc. 259,278 38,995,411 
  253,866,973 
TOTAL FINANCIALS  2,416,739,590 
HEALTH CARE - 11.7%   
Biotechnology - 2.3%   
23andMe, Inc. (a)(d) 6,779 139,142 
AbbVie, Inc. 892,667 96,604,423 
Acceleron Pharma, Inc. (a) 29,926 4,058,265 
Allovir, Inc. (a) 133,629 3,126,919 
Alnylam Pharmaceuticals, Inc. (a) 53,163 7,506,084 
Argenx SE ADR (a) 12,323 3,393,631 
Cullinan Oncology, Inc. 38,279 1,595,086 
Generation Bio Co. 46,044 1,310,412 
Genmab A/S (a) 10,269 3,378,616 
Idorsia Ltd. (a) 414,338 11,108,633 
Innovent Biologics, Inc. (a)(c) 1,226,856 12,443,575 
Kodiak Sciences, Inc. (a) 34,069 3,863,084 
Mirati Therapeutics, Inc. (a) 38,148 6,534,752 
Moderna, Inc. (a) 11,010 1,441,760 
Nuvation Bio Pvt, Inc. 503,467 4,735,107 
Passage Bio, Inc. (a) 100,228 1,751,985 
Regeneron Pharmaceuticals, Inc. (a) 337,391 159,633,178 
Replimune Group, Inc. (a) 24,077 734,589 
Revolution Medicines, Inc. (a) 96,169 4,412,234 
TG Therapeutics, Inc. (a) 38,712 1,865,918 
Turning Point Therapeutics, Inc. (a) 106,665 10,089,442 
Vertex Pharmaceuticals, Inc. (a) 559,179 120,161,975 
Zai Lab Ltd. (a) 95,033 12,806,282 
  472,695,092 
Health Care Equipment & Supplies - 2.2%   
Abbott Laboratories 800,553 95,938,272 
Danaher Corp. 654,463 147,306,532 
DexCom, Inc. (a) 97,251 34,951,037 
Edwards Lifesciences Corp. (a) 306,250 25,614,750 
Envista Holdings Corp. (a) 351,357 14,335,366 
Hologic, Inc. (a) 417,718 31,069,865 
Intuitive Surgical, Inc. (a) 94,912 70,134,273 
Medtronic PLC 145,271 17,160,863 
Sonova Holding AG Class B 21,744 5,760,670 
Venus MedTech Hangzhou, Inc. (H Shares) (a)(c) 493,672 4,003,810 
West Pharmaceutical Services, Inc. 12,328 3,473,784 
  449,749,222 
Health Care Providers & Services - 3.7%   
AmerisourceBergen Corp. 73,135 8,635,049 
Guardant Health, Inc. (a) 84,086 12,835,728 
HCA Holdings, Inc. 76,533 14,414,225 
Henry Schein, Inc. (a) 60,564 4,193,451 
Laboratory Corp. of America Holdings (a) 45,349 11,565,355 
McKesson Corp. 30,699 5,987,533 
Oak Street Health, Inc. (a) 202,404 10,984,465 
Owens & Minor, Inc. 217,785 8,186,538 
Patterson Companies, Inc. 466,555 14,906,432 
Surgery Partners, Inc. (a) 110,801 4,904,052 
UnitedHealth Group, Inc. 1,805,191 671,657,415 
  768,270,243 
Health Care Technology - 0.2%   
Veeva Systems, Inc. Class A (a) 142,509 37,229,051 
Life Sciences Tools & Services - 1.4%   
10X Genomics, Inc. (a) 31,419 5,686,839 
Bio-Rad Laboratories, Inc. Class A (a) 72,343 41,320,151 
Bio-Techne Corp. 4,638 1,771,391 
Eurofins Scientific SA (a) 133,738 12,783,584 
IQVIA Holdings, Inc. (a) 110,398 21,322,270 
Lonza Group AG 25 13,982 
Mettler-Toledo International, Inc. (a) 80,391 92,907,075 
PerkinElmer, Inc. 10,639 1,364,877 
Thermo Fisher Scientific, Inc. 250,583 114,361,070 
Waters Corp. (a) 5,986 1,701,042 
WuXi AppTec Co. Ltd. (H Shares) (c) 202,635 3,985,399 
  297,217,680 
Pharmaceuticals - 1.9%   
Bristol-Myers Squibb Co. 487,014 30,745,194 
Eli Lilly & Co. 1,010,993 188,873,712 
Hansoh Pharmaceutical Group Co. Ltd. (a)(c) 1,684,132 8,069,605 
Horizon Therapeutics PLC (a) 635,752 58,514,614 
Jazz Pharmaceuticals PLC (a) 187,700 30,852,249 
Nuvation Bio, Inc. (d) 439,051 4,358,679 
Royalty Pharma PLC 696,326 30,373,740 
Supernus Pharmaceuticals, Inc. (a)(b) 53,560 1,402,201 
UCB SA 112,885 10,738,685 
Zoetis, Inc. Class A 193,103 30,409,860 
  394,338,539 
TOTAL HEALTH CARE  2,419,499,827 
INDUSTRIALS - 3.9%   
Aerospace & Defense - 0.1%   
HEICO Corp. Class A 63,999 7,270,286 
Northrop Grumman Corp. 5,652 1,829,213 
Space Exploration Technologies Corp. Class A (a)(d)(e) 7,300 3,065,927 
The Boeing Co. 36,777 9,367,837 
  21,533,263 
Air Freight & Logistics - 0.7%   
United Parcel Service, Inc. Class B 826,429 140,484,666 
Airlines - 0.0%   
Southwest Airlines Co. 28,098 1,715,664 
Building Products - 0.7%   
Carrier Global Corp. 301,385 12,724,475 
Fortune Brands Home & Security, Inc. 574,197 55,019,557 
The AZEK Co., Inc. 88,649 3,727,690 
Toto Ltd. 552,251 33,988,849 
Trane Technologies PLC 178,087 29,484,084 
  134,944,655 
Commercial Services & Supplies - 0.2%   
Cintas Corp. 106,024 36,187,051 
Clean TeQ Holdings Ltd. (a)(b) 531,611 1,175,015 
GFL Environmental, Inc. (b) 78,564 2,745,812 
TulCo LLC (a)(d)(e)(f) 1,552 1,264,632 
  41,372,510 
Electrical Equipment - 0.6%   
Acuity Brands, Inc. 105,489 17,405,685 
AMETEK, Inc. 82,653 10,557,268 
Shoals Technologies Group, Inc. 36,411 1,266,375 
Vestas Wind Systems A/S 463,866 95,689,452 
  124,918,780 
Industrial Conglomerates - 0.3%   
General Electric Co. 5,457,743 71,660,166 
Machinery - 0.5%   
Deere & Co. 168,681 63,110,309 
IDEX Corp. 19,992 4,184,725 
Illinois Tool Works, Inc. 7,569 1,676,685 
Ingersoll Rand, Inc. (a) 124,064 6,105,189 
Otis Worldwide Corp. 86,994 5,954,739 
PACCAR, Inc. 272,349 25,306,669 
Pentair PLC 61,545 3,835,484 
  110,173,800 
Professional Services - 0.2%   
Clarivate Analytics PLC (a) 932,704 24,614,059 
CoStar Group, Inc. (a) 1,976 1,624,055 
Experian PLC 65,178 2,245,447 
Thomson Reuters Corp. 87,968 7,706,212 
  36,189,773 
Road & Rail - 0.6%   
Canadian Pacific Railway Ltd. 166,347 63,536,691 
Uber Technologies, Inc. (a) 155,789 8,492,058 
Union Pacific Corp. 282,093 62,176,118 
  134,204,867 
TOTAL INDUSTRIALS  817,198,144 
INFORMATION TECHNOLOGY - 31.7%   
Electronic Equipment & Components - 1.4%   
Amphenol Corp. Class A 3,634,470 239,765,986 
CDW Corp. 52,426 8,689,610 
Keysight Technologies, Inc. (a) 47,860 6,863,124 
Samsung SDI Co. Ltd. 22,878 13,503,008 
Zebra Technologies Corp. Class A (a) 49,723 24,124,605 
  292,946,333 
IT Services - 7.7%   
Accenture PLC Class A 525,428 145,149,485 
Adyen BV (a)(c) 37,235 83,086,380 
MasterCard, Inc. Class A 625,224 222,611,005 
MongoDB, Inc. Class A (a) 192,891 51,584,840 
Okta, Inc. (a) 475,758 104,871,336 
PayPal Holdings, Inc. (a) 1,299,868 315,659,945 
Shopify, Inc. Class A (a) 116,367 128,472,242 
Snowflake Computing, Inc. 57,967 13,290,674 
Snowflake Computing, Inc. Class B (c) 8,969 2,056,412 
Square, Inc. (a) 136,209 30,926,253 
Twilio, Inc. Class A (a) 99,774 33,998,988 
Visa, Inc. Class A 2,201,903 466,208,922 
Wix.com Ltd. (a) 9,300 2,596,746 
  1,600,513,228 
Semiconductors & Semiconductor Equipment - 6.4%   
Advanced Micro Devices, Inc. (a) 1,516,870 119,074,295 
Analog Devices, Inc. 312,013 48,386,976 
Applied Materials, Inc. 373,642 49,918,571 
ASML Holding NV 30,060 18,557,842 
Intel Corp. 797,042 51,010,688 
KLA Corp. 15,264 5,043,226 
Lam Research Corp. 221,371 131,768,874 
Lattice Semiconductor Corp. (a) 294,552 13,260,731 
Marvell Technology Group Ltd. 509,199 24,940,567 
Microchip Technology, Inc. 37,852 5,875,387 
NVIDIA Corp. 672,490 359,062,586 
NXP Semiconductors NV 114,503 23,054,034 
Qorvo, Inc. (a) 274,695 50,186,777 
Qualcomm, Inc. 2,265,059 300,324,173 
Semtech Corp. (a) 254,976 17,593,344 
Skyworks Solutions, Inc. 206,902 37,962,379 
Synaptics, Inc. (a) 333,968 45,225,947 
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR 65,412 7,736,931 
Texas Instruments, Inc. 124,629 23,553,635 
  1,332,536,963 
Software - 12.8%   
Adobe, Inc. (a) 1,036,703 492,817,505 
Affirm, Inc. 464,167 29,543,301 
Atlassian Corp. PLC (a) 370,494 78,085,315 
Cadence Design Systems, Inc. (a) 509,290 69,767,637 
Cloudflare, Inc. (a) 1,341,357 94,243,743 
Coupa Software, Inc. (a) 40,197 10,229,333 
Crowdstrike Holdings, Inc. (a) 32,906 6,005,674 
Datadog, Inc. Class A (a) 187,569 15,632,000 
DocuSign, Inc. (a) 13,662 2,765,872 
Dropbox, Inc. Class A (a)(b) 668,287 17,816,531 
Duck Creek Technologies, Inc. (a)(b) 135,123 6,099,452 
Dynatrace, Inc. (a) 345,676 16,675,410 
Epic Games, Inc. (d)(e) 14,010 12,398,850 
Fortinet, Inc. (a) 21,220 3,913,392 
Intuit, Inc. 143,173 54,843,849 
Microsoft Corp. 4,292,410 1,012,021,506 
Nuance Communications, Inc. (a) 39,616 1,728,842 
Qualtrics International, Inc. 98,249 3,233,375 
Salesforce.com, Inc. (a) 2,956,621 626,419,291 
ServiceNow, Inc. (a) 123,676 61,851,604 
Tanium, Inc. Class B (a)(d)(e) 449,538 5,122,575 
Workday, Inc. Class A (a) 28,541 7,090,441 
Xero Ltd. (a) 75,314 7,238,117 
Zoom Video Communications, Inc. Class A (a) 6,500 2,088,385 
Zscaler, Inc. (a) 12,205 2,095,232 
  2,639,727,232 
Technology Hardware, Storage & Peripherals - 3.4%   
Apple, Inc. 5,406,388 660,390,294 
Dell Technologies, Inc. (a) 158,473 13,969,395 
Logitech International SA (b) 15,757 1,646,607 
Samsung Electronics Co. Ltd. 199,130 14,459,774 
  690,466,070 
TOTAL INFORMATION TECHNOLOGY  6,556,189,826 
MATERIALS - 1.8%   
Chemicals - 0.6%   
Growmax Resources Corp. (a)(c)(e) 300,684 13,160 
LG Chemical Ltd. 1,155 829,630 
PPG Industries, Inc. 33,758 5,072,477 
Sherwin-Williams Co. 160,762 118,643,964 
Westlake Chemical Corp. 63,351 5,624,935 
  130,184,166 
Containers & Packaging - 0.1%   
Silgan Holdings, Inc. (b) 272,079 11,435,480 
Metals & Mining - 1.1%   
ArcelorMittal SA Class A unit (a)(b) 224,679 6,553,886 
B2Gold Corp. 4,950,491 21,311,495 
Barrick Gold Corp. (Canada) 2,053,764 40,741,893 
First Quantum Minerals Ltd. 152,719 2,910,496 
Franco-Nevada Corp. 607,116 76,083,949 
Freeport-McMoRan, Inc. 1,027,207 33,825,927 
Gatos Silver, Inc. 420,932 4,196,692 
Ivanhoe Mines Ltd. (a) 4,929,588 25,379,513 
Ivanhoe Mines Ltd. (a)(c) 1,285,143 6,616,436 
Novagold Resources, Inc. (a) 984,527 8,586,310 
Nucor Corp. 131,440 10,550,689 
POSCO sponsored ADR 24,260 1,751,572 
  238,508,858 
TOTAL MATERIALS  380,128,504 
REAL ESTATE - 0.1%   
Equity Real Estate Investment Trusts (REITs) - 0.1%   
Equity Commonwealth 320,759 8,917,100 
Prologis (REIT), Inc. 23,789 2,521,634 
  11,438,734 
UTILITIES - 0.2%   
Electric Utilities - 0.2%   
PG&E Corp. (a) 3,078,697 36,051,542 
Independent Power and Renewable Electricity Producers - 0.0%   
The AES Corp. 352,816 9,458,997 
TOTAL UTILITIES  45,510,539 
TOTAL COMMON STOCKS   
(Cost $14,294,621,627)  20,266,803,794 
Preferred Stocks - 0.4%   
Convertible Preferred Stocks - 0.4%   
CONSUMER DISCRETIONARY - 0.1%   
Automobiles - 0.0%   
Rad Power Bikes, Inc.:   
Series A (d)(e) 43,228 208,525 
Series C (d)(e) 170,098 820,526 
Rivian Automotive, Inc. Series F (d)(e) 128,235 4,725,460 
  5,754,511 
Internet & Direct Marketing Retail - 0.0%   
GoBrands, Inc. Series G (d)(e) 8,352 2,085,639 
Zomato Pvt Ltd.:   
Series B (d)(e) 42,653 
Series E (d)(e) 53,592 28 
Series G (d)(e) 58 309,234 
Series J7 (d)(e) 396 2,111,321 
  4,548,875 
Specialty Retail - 0.1%   
Aurora Innovation, Inc. Series B (a)(d)(e) 119,040 2,340,326 
Fanatics, Inc. Series E (d)(e) 192,106 6,698,736 
  9,039,062 
Textiles, Apparel & Luxury Goods - 0.0%   
Allbirds, Inc.:   
Series A (a)(d)(e) 13,415 154,004 
Series B (a)(d)(e) 2,355 27,035 
Series C (a)(d)(e) 22,525 258,587 
Series Seed (a)(d)(e) 7,210 82,771 
  522,397 
TOTAL CONSUMER DISCRETIONARY  19,864,845 
FINANCIALS - 0.0%   
Thrifts & Mortgage Finance - 0.0%   
Acrisure Holdings, Inc. Series B (d)(e) 57,282 1,043,678 
HEALTH CARE - 0.0%   
Biotechnology - 0.0%   
23andMe, Inc.:   
Series F (a)(d) 26,649 546,984 
Series F1 (d) 93,703 1,923,301 
ElevateBio LLC Series C (d)(e) 486,500 2,040,868 
  4,511,153 
Health Care Providers & Services - 0.0%   
Lyra Health, Inc. Series E (d)(e) 63,600 1,747,079 
TOTAL HEALTH CARE  6,258,232 
INDUSTRIALS - 0.2%   
Aerospace & Defense - 0.1%   
Relativity Space, Inc. Series D (d)(e) 207,384 3,095,642 
Space Exploration Technologies Corp. Series N (d)(e) 49,490 20,785,305 
  23,880,947 
Air Freight & Logistics - 0.1%   
Zipline International, Inc. Series E (d)(e) 178,019 5,808,653 
Commercial Services & Supplies - 0.0%   
ZenPayroll, Inc. Series D (a)(d)(e) 184,203 2,452,184 
TOTAL INDUSTRIALS  32,141,784 
INFORMATION TECHNOLOGY - 0.1%   
IT Services - 0.1%   
ByteDance Ltd. Series E1 (d)(e) 80,736 8,846,581 
Software - 0.0%   
Carbon, Inc.:   
Series D (a)(d)(e) 9,678 356,538 
Series E (a)(d)(e) 7,351 274,266 
Nuro, Inc. Series C (d)(e) 405,967 5,299,737 
Stripe, Inc. Series H (d)(e) 29,000 1,163,625 
  7,094,166 
TOTAL INFORMATION TECHNOLOGY  15,940,747 
MATERIALS - 0.0%   
Metals & Mining - 0.0%   
High Power Exploration, Inc. Series A (a)(d)(e) 1,289,012 6,793,093 
TOTAL CONVERTIBLE PREFERRED STOCKS  82,042,379 
Nonconvertible Preferred Stocks - 0.0%   
CONSUMER DISCRETIONARY - 0.0%   
Specialty Retail - 0.0%   
Cazoo Holdings Ltd.:   
Series A (d)(e) 2,284 33,455 
Series B (d)(e) 39,995 585,832 
Series C (d)(e) 812 11,894 
Series D (d)(e) 142,876 2,092,794 
  2,723,975 
TOTAL PREFERRED STOCKS   
(Cost $71,276,201)  84,766,354 
Money Market Funds - 3.8%   
Fidelity Cash Central Fund 0.06% (g) 733,941,267 734,088,056 
Fidelity Securities Lending Cash Central Fund 0.06% (g)(h) 50,191,882 50,196,901 
TOTAL MONEY MARKET FUNDS   
(Cost $784,283,964)  784,284,957 
TOTAL INVESTMENT IN SECURITIES - 102.0%   
(Cost $15,150,181,792)  21,135,855,105 
NET OTHER ASSETS (LIABILITIES) - (2.0)%  (419,298,491) 
NET ASSETS - 100%  $20,716,556,614 

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 $147,575,882 or 0.7% 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 $141,732,223 or 0.7% 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) 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.

 (h) 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 
23andMe, Inc. Series F1 12/9/20 $1,625,747 
Acrisure Holdings, Inc. Series B 3/22/21 $1,043,678 
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 
ByteDance Ltd. Series E1 11/18/20 $8,846,581 
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 
Coinbase, Inc. 2/25/21 - 3/5/21 $6,163,782 
Coupang Corp. unit 6/12/20 $2,109,143 
ElevateBio LLC Series C 3/9/21 $2,040,868 
Epic Games, Inc. 7/13/20 - 7/30/20 $8,055,750 
Fanatics, Inc. Series E 8/13/20 $3,321,513 
GoBrands, Inc. Series G 3/2/21 $2,085,639 
High Power Exploration, Inc. Series A 11/15/19 - 3/4/21 $6,793,094 
Intact Financial Corp. rights 12/31/21 11/13/20 - 3/30/21 $2,637,347 
Lyra Health, Inc. Series E 1/14/21 $1,747,079 
Nuro, Inc. Series C 10/30/20 $5,299,737 
Nuvation Bio, Inc. 2/10/21 $4,390,510 
On Holding AG 2/6/20 $2,569,790 
Rad Power Bikes, Inc. 1/21/21 $1,599,460 
Rad Power Bikes, Inc. Series A 1/21/21 $208,525 
Rad Power Bikes, Inc. Series C 1/21/21 $820,526 
Relativity Space, Inc. Series D 11/20/20 $3,095,642 
Rivian Automotive, Inc. Series F 1/19/21 $4,725,460 
Space Exploration Technologies Corp. Class A 2/16/21 $3,065,927 
Space Exploration Technologies Corp. Series N 8/4/20 $13,362,300 
Stripe, Inc. Series H 3/15/21 $1,163,625 
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 
Zipline International, Inc. Series E 12/21/20 $5,808,653 
Zomato Pvt Ltd. 1/22/21 - 1/29/21 $877,112 
Zomato Pvt Ltd. Series B 1/22/21 $32,927 
Zomato Pvt Ltd. Series E 1/22/21 $22 
Zomato Pvt Ltd. Series G 1/22/21 - 2/5/21 $239,100 
Zomato Pvt Ltd. Series J7 12/9/20 $1,612,897 

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 $145,347 
Fidelity Securities Lending Cash Central Fund 45,032 
Total $190,379 

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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