NPORT-EX 2 QTLY_2946_20210930.htm US_QtlyFinancialStatementsCoverMaster
Quarterly Holdings Report
for
Fidelity® Contrafund® K6
September 30, 2021
CONK6-NPRT3-1121
1.9883976.104
Common Stocks - 97.3%
 
 
Shares
Value ($)
 
COMMUNICATION SERVICES - 20.1%
 
 
 
Entertainment - 3.5%
 
 
 
Activision Blizzard, Inc.
 
807,858
62,520,131
Netflix, Inc. (a)
 
949,637
579,601,447
Roblox Corp. (a)(b)
 
169,449
12,801,872
Sea Ltd. ADR (a)
 
40,645
12,954,781
The Walt Disney Co. (a)
 
950,013
160,713,699
Universal Music Group NV
 
355,825
9,479,670
Warner Music Group Corp. Class A
 
44,871
1,917,787
 
 
 
839,989,387
Interactive Media & Services - 15.7%
 
 
 
Alphabet, Inc.:
 
 
 
 Class A (a)
 
257,511
688,460,809
 Class C (a)
 
236,378
630,020,647
Bumble, Inc. (b)
 
390,239
19,504,145
Facebook, Inc. Class A (a)
 
6,826,923
2,316,989,382
Snap, Inc. Class A (a)
 
1,799,010
132,892,869
Zoominfo Technologies, Inc. (a)
 
220,531
13,494,292
 
 
 
3,801,362,144
Media - 0.5%
 
 
 
Charter Communications, Inc. Class A (a)
 
87,431
63,611,298
Comcast Corp. Class A
 
959,341
53,655,942
Liberty Media Corp. Liberty Formula One Group Series C (a)
 
229,795
11,813,761
 
 
 
129,081,001
Wireless Telecommunication Services - 0.4%
 
 
 
T-Mobile U.S., Inc. (a)
 
814,015
103,998,556
TOTAL COMMUNICATION SERVICES
 
 
4,874,431,088
CONSUMER DISCRETIONARY - 13.5%
 
 
 
Automobiles - 0.6%
 
 
 
General Motors Co. (a)
 
1,025,747
54,067,124
Hyundai Motor Co.
 
125,460
20,875,684
Rad Power Bikes, Inc. (a)(c)(d)
 
331,574
3,177,739
Tesla, Inc. (a)
 
3,343
2,592,430
Toyota Motor Corp.
 
3,005,585
53,551,669
XPeng, Inc. Class A
 
826,913
14,196,775
 
 
 
148,461,421
Diversified Consumer Services - 0.0%
 
 
 
Duolingo, Inc. (a)
 
14,933
2,484,254
Hotels, Restaurants & Leisure - 0.6%
 
 
 
Airbnb, Inc. Class A
 
379,617
63,680,752
Booking Holdings, Inc. (a)
 
998
2,369,122
Caesars Entertainment, Inc. (a)
 
21,853
2,453,655
Chipotle Mexican Grill, Inc. (a)
 
26,216
47,648,104
Churchill Downs, Inc.
 
8,819
2,117,266
Dutch Bros, Inc.
 
48,993
2,122,377
Evolution AB (e)
 
65,846
9,971,676
Hilton Worldwide Holdings, Inc. (a)
 
174,770
23,088,865
 
 
 
153,451,817
Household Durables - 0.5%
 
 
 
D.R. Horton, Inc.
 
248,766
20,888,881
Garmin Ltd.
 
178,088
27,685,560
Lennar Corp. Class A
 
316,179
29,619,649
Mohawk Industries, Inc. (a)
 
100,068
17,752,063
Sony Group Corp.
 
44,004
4,885,269
Tempur Sealy International, Inc.
 
210,186
9,754,732
 
 
 
110,586,154
Internet & Direct Marketing Retail - 8.8%
 
 
 
Amazon.com, Inc. (a)
 
553,250
1,817,448,380
Cazoo Group Ltd. (a)(c)
 
248,400
1,833,565
Cazoo Group Ltd.
 
873,840
6,110,763
Coupang, Inc. Class A (a)(b)
 
1,500,498
41,788,869
Deliveroo PLC (a)
 
1,291,800
4,983,395
Deliveroo PLC Class A (a)(b)(e)
 
8,469,983
32,771,103
Doordash, Inc.
 
253,828
52,283,491
eBay, Inc.
 
1,811,122
126,180,870
Etsy, Inc. (a)
 
63,166
13,136,001
Global-e Online Ltd.
 
30,159
2,165,416
Warby Parker, Inc.
 
44,800
2,376,640
Wayfair LLC Class A (a)
 
55,908
14,285,053
Zomato Ltd. (a)(c)
 
4,522,500
7,079,783
ZOZO, Inc.
 
136,420
5,110,976
 
 
 
2,127,554,305
Leisure Products - 0.0%
 
 
 
Thule Group AB (e)
 
97,612
4,893,932
YETI Holdings, Inc. (a)
 
25,188
2,158,360
 
 
 
7,052,292
Specialty Retail - 2.0%
 
 
 
Academy Sports & Outdoors, Inc.
 
671,833
26,886,757
AutoZone, Inc. (a)
 
11,130
18,898,629
Best Buy Co., Inc.
 
125,115
13,225,907
Burlington Stores, Inc. (a)
 
44,213
12,537,480
Carvana Co. Class A (a)
 
12,956
3,906,752
Dick's Sporting Goods, Inc.
 
205,597
24,624,353
Fanatics, Inc. Class A (c)(d)
 
192,106
9,100,061
JD Sports Fashion PLC
 
161,945
2,275,893
Lithia Motors, Inc. Class A (sub. vtg.)
 
35,740
11,331,010
National Vision Holdings, Inc. (a)(b)
 
185,024
10,503,812
O'Reilly Automotive, Inc. (a)
 
54,004
32,999,684
Pet Center Comercio e Participacoes SA
 
497,100
2,141,480
The Home Depot, Inc.
 
733,467
240,767,877
TJX Companies, Inc.
 
700,989
46,251,254
Williams-Sonoma, Inc.
 
178,368
31,629,997
 
 
 
487,080,946
Textiles, Apparel & Luxury Goods - 1.0%
 
 
 
Allbirds, Inc. (a)(c)(d)
 
33,995
391,622
Crocs, Inc. (a)
 
19,196
2,754,242
Deckers Outdoor Corp. (a)
 
104,268
37,557,334
Dr. Martens Ltd. (a)
 
2,140,375
11,431,223
lululemon athletica, Inc. (a)
 
31,474
12,737,528
LVMH Moet Hennessy Louis Vuitton SE
 
5,756
4,122,817
NIKE, Inc. Class B
 
1,054,878
153,199,932
On Holding AG (b)
 
172,323
5,192,092
On Holding AG (a)
 
352,500
9,558,743
Under Armour, Inc. Class A (sub. vtg.) (a)
 
212,716
4,292,609
 
 
 
241,238,142
TOTAL CONSUMER DISCRETIONARY
 
 
3,277,909,331
CONSUMER STAPLES - 2.5%
 
 
 
Beverages - 0.3%
 
 
 
Anheuser-Busch InBev SA NV
 
42,900
2,433,177
Diageo PLC
 
193,040
9,346,033
Keurig Dr. Pepper, Inc.
 
83,891
2,865,717
Monster Beverage Corp. (a)
 
95,958
8,523,949
PepsiCo, Inc.
 
171,460
25,789,299
The Coca-Cola Co.
 
545,931
28,645,000
 
 
 
77,603,175
Food & Staples Retailing - 1.0%
 
 
 
Costco Wholesale Corp.
 
546,930
245,762,996
Food Products - 0.0%
 
 
 
Oatly Group AB ADR (b)
 
3,553
53,721
Personal Products - 1.2%
 
 
 
Estee Lauder Companies, Inc. Class A
 
840,929
252,219,835
L'Oreal SA (a)
 
23,204
9,601,909
L'Oreal SA
 
30,336
12,553,159
Olaplex Holdings, Inc.
 
236,900
4,974,900
 
 
 
279,349,803
TOTAL CONSUMER STAPLES
 
 
602,769,695
ENERGY - 0.2%
 
 
 
Oil, Gas & Consumable Fuels - 0.2%
 
 
 
Canadian Natural Resources Ltd.
 
432,900
15,827,885
Cheniere Energy, Inc.
 
81,077
7,918,791
Hess Corp.
 
113,641
8,876,499
Reliance Industries Ltd.
 
72,382
2,451,654
 
 
 
35,074,829
FINANCIALS - 12.1%
 
 
 
Banks - 3.0%
 
 
 
Bank of America Corp.
 
5,752,424
244,190,399
JPMorgan Chase & Co.
 
1,606,787
263,014,964
Kotak Mahindra Bank Ltd. (a)
 
848,972
22,865,617
Royal Bank of Canada
 
767,898
76,407,852
Starling Bank Ltd. Series D (a)(d)
 
3,502,023
6,107,553
SVB Financial Group (a)
 
12,655
8,186,266
The Toronto-Dominion Bank
 
929,698
61,546,800
Wells Fargo & Co.
 
813,895
37,772,867
 
 
 
720,092,318
Capital Markets - 2.0%
 
 
 
BlackRock, Inc. Class A
 
121,242
101,680,816
Blackstone, Inc.
 
27,109
3,153,861
Brookfield Asset Management, Inc. (Canada) Class A
 
244,684
13,111,245
Carlyle Group LP
 
52,819
2,497,282
Charles Schwab Corp.
 
148,859
10,842,890
Coinbase Global, Inc. (a)
 
51,097
11,623,546
Goldman Sachs Group, Inc.
 
220,293
83,277,363
Moody's Corp.
 
44,043
15,640,110
Morgan Stanley
 
1,872,374
182,200,714
MSCI, Inc.
 
87,831
53,431,111
NASDAQ, Inc.
 
13,205
2,548,829
S&P Global, Inc.
 
28,946
12,298,866
 
 
 
492,306,633
Consumer Finance - 0.4%
 
 
 
American Express Co.
 
103,523
17,343,208
Capital One Financial Corp.
 
413,443
66,965,363
 
 
 
84,308,571
Diversified Financial Services - 5.2%
 
 
 
Berkshire Hathaway, Inc. Class A (a)
 
3,067
1,261,699,362
Insurance - 1.5%
 
 
 
Admiral Group PLC
 
1,216,992
50,850,160
AIA Group Ltd.
 
623,450
7,172,423
American International Group, Inc.
 
963,310
52,876,086
Arthur J. Gallagher & Co.
 
146,509
21,778,563
Brookfield Asset Management Reinsurance Partners Ltd.
 
1,368
75,820
Chubb Ltd.
 
421,263
73,080,705
Direct Line Insurance Group PLC
 
554,837
2,159,478
Fairfax Financial Holdings Ltd. (sub. vtg.)
 
25,915
10,461,550
Hartford Financial Services Group, Inc.
 
243,902
17,134,116
Intact Financial Corp.
 
121,189
16,024,581
Oscar Health, Inc. (b)
 
524,750
9,125,403
Progressive Corp.
 
544,653
49,231,185
The Travelers Companies, Inc.
 
311,078
47,286,967
 
 
 
357,257,037
TOTAL FINANCIALS
 
 
2,915,663,921
HEALTH CARE - 11.7%
 
 
 
Biotechnology - 2.1%
 
 
 
AbbVie, Inc.
 
666,725
71,919,626
Alector, Inc. (a)
 
26,619
607,446
Alnylam Pharmaceuticals, Inc. (a)
 
18,622
3,516,020
BioNTech SE ADR (a)
 
42,865
11,701,716
Blueprint Medicines Corp. (a)
 
8,836
908,429
Cullinan Oncology, Inc.
 
14,713
332,072
Genmab A/S (a)
 
10,355
4,524,327
Horizon Therapeutics PLC (a)
 
833,731
91,326,894
Idorsia Ltd. (a)
 
474,924
11,450,482
Innovent Biologics, Inc. (a)(e)
 
474,238
4,567,031
Intellia Therapeutics, Inc. (a)
 
165,837
22,247,034
Moderna, Inc. (a)
 
48,808
18,784,247
Regeneron Pharmaceuticals, Inc. (a)
 
367,090
222,155,526
Vertex Pharmaceuticals, Inc. (a)
 
184,953
33,548,625
Zai Lab Ltd. (a)
 
102,245
10,956,619
Zai Lab Ltd. ADR (a)
 
10,396
1,095,634
 
 
 
509,641,728
Health Care Equipment & Supplies - 2.5%
 
 
 
Abbott Laboratories
 
438,592
51,810,873
Alcon, Inc.
 
30,534
2,457,071
Align Technology, Inc. (a)
 
51,501
34,270,310
Danaher Corp.
 
742,620
226,083,233
DexCom, Inc. (a)
 
38,913
21,279,963
Edwards Lifesciences Corp. (a)
 
484,456
54,845,264
Envista Holdings Corp. (a)
 
411,178
17,191,352
Hologic, Inc. (a)
 
237,881
17,557,997
Intuitive Surgical, Inc. (a)
 
124,910
124,179,277
Medtronic PLC
 
205,760
25,792,016
Sonova Holding AG Class B
 
53,528
20,228,673
Stryker Corp.
 
38,107
10,049,578
West Pharmaceutical Services, Inc.
 
21,797
9,253,698
 
 
 
614,999,305
Health Care Providers & Services - 3.6%
 
 
 
agilon health, Inc.
 
159,351
4,176,590
AmerisourceBergen Corp.
 
122,245
14,602,165
Cano Health, Inc. (c)
 
711,826
9,025,954
dentalcorp Holdings Ltd. (a)
 
584,057
7,640,790
Guardant Health, Inc. (a)
 
24,810
3,101,498
HCA Holdings, Inc.
 
232,871
56,522,449
Henry Schein, Inc. (a)
 
39,490
3,007,558
Molina Healthcare, Inc. (a)
 
9,081
2,463,766
Option Care Health, Inc. (a)
 
573,798
13,920,339
Owens & Minor, Inc.
 
33,032
1,033,571
UnitedHealth Group, Inc.
 
1,908,881
745,876,162
 
 
 
861,370,842
Health Care Technology - 0.1%
 
 
 
Doximity, Inc. (b)
 
97,621
7,878,015
GoodRx Holdings, Inc.
 
34,800
1,427,496
Medlive Technology Co. Ltd. (e)
 
516,494
2,473,013
Veeva Systems, Inc. Class A (a)
 
69,500
20,027,815
 
 
 
31,806,339
Life Sciences Tools & Services - 1.7%
 
 
 
23andMe Holding Co. (a)(c)
 
276,400
2,504,184
23andMe Holding Co.:
 
 
 
 Class A
 
15,548
133,822
 Class B
 
276,050
2,375,962
Bio-Rad Laboratories, Inc. Class A (a)
 
65,574
48,914,925
Charles River Laboratories International, Inc. (a)
 
22,181
9,153,433
Eurofins Scientific SA
 
165,723
21,233,459
IQVIA Holdings, Inc. (a)
 
160,092
38,348,438
Lonza Group AG
 
24
18,003
Maravai LifeSciences Holdings, Inc.
 
632,776
31,056,646
Mettler-Toledo International, Inc. (a)
 
82,021
112,972,445
Thermo Fisher Scientific, Inc.
 
183,479
104,827,057
Veterinary Emergency Group LLC Class A (c)(d)(f)
 
98,200
3,156,560
Waters Corp. (a)
 
85,679
30,613,107
WuXi AppTec Co. Ltd. (H Shares) (e)
 
254,964
5,935,518
 
 
 
411,243,559
Pharmaceuticals - 1.7%
 
 
 
Arvinas Holding Co. LLC (a)
 
32,198
2,646,032
AstraZeneca PLC (United Kingdom)
 
43,052
5,188,530
Bristol-Myers Squibb Co.
 
255,188
15,099,474
Eli Lilly & Co.
 
1,151,021
265,943,402
Jazz Pharmaceuticals PLC (a)
 
131,639
17,140,714
Nuvation Bio, Inc. (a)
 
1,094,834
10,882,650
Nuvation Bio, Inc. (a)(c)
 
439,051
4,364,167
Pfizer, Inc.
 
272,617
11,725,257
Royalty Pharma PLC
 
500,286
18,080,336
UCB SA
 
96,791
10,838,394
Zoetis, Inc. Class A
 
251,940
48,911,632
 
 
 
410,820,588
TOTAL HEALTH CARE
 
 
2,839,882,361
INDUSTRIALS - 3.3%
 
 
 
Aerospace & Defense - 0.1%
 
 
 
Northrop Grumman Corp.
 
63,152
22,744,193
Space Exploration Technologies Corp. Class A (a)(c)(d)
 
7,300
3,065,927
 
 
 
25,810,120
Air Freight & Logistics - 0.8%
 
 
 
Expeditors International of Washington, Inc.
 
52,530
6,257,899
GXO Logistics, Inc. (a)
 
15,528
1,218,016
United Parcel Service, Inc. Class B
 
999,107
181,937,385
 
 
 
189,413,300
Airlines - 0.0%
 
 
 
Joby Aviation, Inc. (a)(c)
 
199,579
2,007,765
Building Products - 0.6%
 
 
 
Carrier Global Corp.
 
406,075
21,018,442
Fortune Brands Home & Security, Inc.
 
668,637
59,789,521
Toto Ltd.
 
596,553
28,405,848
Trane Technologies PLC
 
247,099
42,661,642
 
 
 
151,875,453
Commercial Services & Supplies - 0.3%
 
 
 
Cintas Corp.
 
115,284
43,884,007
Clean TeQ Water Pty Ltd. (b)
 
299,081
143,854
GFL Environmental, Inc. (b)
 
361,205
13,418,766
TulCo LLC (a)(c)(d)(f)
 
1,552
2,161,734
 
 
 
59,608,361
Electrical Equipment - 0.2%
 
 
 
Generac Holdings, Inc. (a)
 
29,087
11,886,984
Vertiv Holdings Co.
 
162,799
3,921,828
Vestas Wind Systems A/S
 
1,051,542
42,185,836
 
 
 
57,994,648
Industrial Conglomerates - 0.5%
 
 
 
General Electric Co.
 
1,043,262
107,487,284
Honeywell International, Inc.
 
28,931
6,141,473
 
 
 
113,628,757
Machinery - 0.4%
 
 
 
Deere & Co.
 
143,274
48,006,819
Ingersoll Rand, Inc. (a)
 
469,077
23,646,172
Kornit Digital Ltd. (a)
 
19,317
2,795,943
Nordson Corp.
 
8,240
1,962,356
Otis Worldwide Corp.
 
271,021
22,299,608
Pentair PLC
 
67,058
4,870,423
 
 
 
103,581,321
Professional Services - 0.2%
 
 
 
Clarivate Analytics PLC (a)
 
137,363
3,008,250
Equifax, Inc.
 
113,617
28,792,820
Recruit Holdings Co. Ltd.
 
46,767
2,858,673
Thomson Reuters Corp.
 
149,577
16,538,970
 
 
 
51,198,713
Road & Rail - 0.2%
 
 
 
Canadian Pacific Railway Ltd.
 
396,938
25,920,371
J.B. Hunt Transport Services, Inc.
 
59,047
9,873,839
XPO Logistics, Inc. (a)
 
15,528
1,235,718
 
 
 
37,029,928
TOTAL INDUSTRIALS
 
 
792,148,366
INFORMATION TECHNOLOGY - 31.8%
 
 
 
Electronic Equipment & Components - 1.5%
 
 
 
Amphenol Corp. Class A
 
3,972,479
290,904,637
CDW Corp.
 
83,386
15,177,920
Keysight Technologies, Inc. (a)
 
50,854
8,354,804
Samsung SDI Co. Ltd.
 
24,307
14,498,171
Zebra Technologies Corp. Class A (a)
 
53,697
27,676,508
 
 
 
356,612,040
IT Services - 7.2%
 
 
 
Accenture PLC Class A
 
609,739
195,067,701
Adyen BV (a)(e)
 
29,938
83,687,605
Affirm Holdings, Inc. (b)
 
254,729
30,345,866
Affirm Holdings, Inc. (e)
 
276,447
32,933,131
Cloudflare, Inc. (a)
 
1,448,912
163,219,937
EPAM Systems, Inc. (a)
 
4,266
2,433,668
MasterCard, Inc. Class A
 
418,261
145,420,984
MongoDB, Inc. Class A (a)
 
130,972
61,754,608
Nuvei Corp. (e)
 
24,547
2,812,071
Okta, Inc. (a)
 
291,936
69,288,090
PayPal Holdings, Inc. (a)
 
1,180,122
307,079,546
Remitly Global, Inc.
 
58,073
2,131,279
Shopify, Inc. Class A (a)
 
127,707
173,343,146
Snowflake Computing, Inc.
 
32,107
9,710,120
Square, Inc.
 
45,996
11,031,681
Thoughtworks Holding, Inc.
 
87,110
2,500,928
Toast, Inc. (b)
 
59,969
2,995,452
Twilio, Inc. Class A (a)
 
17,090
5,452,565
Visa, Inc. Class A
 
2,021,841
450,365,083
 
 
 
1,751,573,461
Semiconductors & Semiconductor Equipment - 6.4%
 
 
 
Advanced Micro Devices, Inc. (a)
 
1,541,031
158,572,090
Ambarella, Inc. (a)
 
12,177
1,896,446
Analog Devices, Inc.
 
437,644
73,296,617
Applied Materials, Inc.
 
351,400
45,235,722
ASML Holding NV
 
25,445
18,959,324
Lam Research Corp.
 
207,188
117,921,050
Lattice Semiconductor Corp. (a)
 
269,433
17,418,843
Marvell Technology, Inc.
 
605,208
36,500,094
Monolithic Power Systems, Inc.
 
5,788
2,805,328
NVIDIA Corp.
 
2,986,208
618,622,849
NXP Semiconductors NV
 
2,181
427,192
ON Semiconductor Corp. (a)
 
217,524
9,956,073
Qorvo, Inc. (a)
 
205,487
34,355,372
Qualcomm, Inc.
 
2,018,280
260,317,754
Semtech Corp. (a)
 
78,577
6,126,649
Silergy Corp.
 
18,000
2,620,280
SiTime Corp. (a)
 
13,508
2,757,928
Skyworks Solutions, Inc.
 
170,069
28,023,970
Synaptics, Inc. (a)
 
430,090
77,300,076
Texas Instruments, Inc.
 
184,130
35,391,627
 
 
 
1,548,505,284
Software - 13.1%
 
 
 
Adobe, Inc. (a)
 
1,014,696
584,180,781
Atlassian Corp. PLC (a)
 
431,544
168,914,952
Cadence Design Systems, Inc. (a)
 
519,908
78,734,868
Ceridian HCM Holding, Inc. (a)
 
45,450
5,118,579
Clear Secure, Inc.
 
76,628
3,145,579
Confluent, Inc.
 
35,754
2,132,726
Crowdstrike Holdings, Inc. (a)
 
93,647
23,016,560
Datadog, Inc. Class A (a)
 
143,991
20,353,128
DocuSign, Inc. (a)
 
81,672
21,024,823
Dropbox, Inc. Class A (a)(b)
 
640,375
18,711,758
Duck Creek Technologies, Inc. (a)
 
188,082
8,320,748
Dynatrace, Inc. (a)
 
590,312
41,894,443
Epic Games, Inc. (a)(c)(d)
 
14,010
12,398,850
Fortinet, Inc. (a)
 
23,642
6,904,410
HubSpot, Inc. (a)
 
23,630
15,976,007
Intuit, Inc.
 
198,964
107,343,068
KnowBe4, Inc. (a)
 
258,411
5,674,706
Microsoft Corp.
 
4,418,410
1,245,638,147
Monday.com Ltd. (b)
 
18,249
5,952,824
Palo Alto Networks, Inc. (a)
 
11,575
5,544,425
Paycom Software, Inc. (a)
 
8,184
4,057,218
Qualtrics International, Inc. (b)
 
116,950
4,998,443
Salesforce.com, Inc. (a)
 
2,568,716
696,687,154
SentinelOne, Inc.
 
119,702
6,412,436
ServiceNow, Inc. (a)
 
92,786
57,737,944
Stripe, Inc. Class B (a)(c)(d)
 
75,100
3,013,388
Tanium, Inc. Class B (a)(c)(d)
 
449,538
5,043,816
Workday, Inc. Class A (a)
 
9,380
2,343,968
Xero Ltd. (a)
 
80,594
7,908,572
Zoom Video Communications, Inc. Class A (a)
 
4,461
1,166,552
Zscaler, Inc. (a)
 
52,689
13,816,110
 
 
 
3,184,166,983
Technology Hardware, Storage & Peripherals - 3.6%
 
 
 
Apple, Inc.
 
5,846,659
827,302,249
Dell Technologies, Inc. (a)
 
370,268
38,522,683
 
 
 
865,824,932
TOTAL INFORMATION TECHNOLOGY
 
 
7,706,682,700
MATERIALS - 2.0%
 
 
 
Chemicals - 0.6%
 
 
 
Celanese Corp. Class A
 
14,425
2,172,982
Sherwin-Williams Co.
 
516,399
144,452,292
Westlake Chemical Corp.
 
29,734
2,709,957
 
 
 
149,335,231
Containers & Packaging - 0.1%
 
 
 
Silgan Holdings, Inc. (b)
 
217,440
8,340,998
Metals & Mining - 1.3%
 
 
 
ArcelorMittal SA Class A unit (b)
 
382,159
11,525,915
B2Gold Corp.
 
5,635,250
19,264,671
Barrick Gold Corp. (Canada)
 
1,321,249
23,856,754
Cleveland-Cliffs, Inc. (a)
 
834,075
16,523,026
Franco-Nevada Corp.
 
668,367
86,830,720
Freeport-McMoRan, Inc.
 
1,180,202
38,391,971
Gatos Silver, Inc.
 
367,846
4,278,049
Ivanhoe Electric, Inc. (c)(d)
 
1,289,012
1,069,880
Ivanhoe Mines Ltd. (a)
 
5,567,276
35,603,139
Ivanhoe Mines Ltd. (a)(e)
 
1,472,007
9,413,593
Novagold Resources, Inc. (a)
 
1,081,914
7,448,516
Nucor Corp.
 
424,503
41,809,300
Steel Dynamics, Inc.
 
330,990
19,356,295
Stelco Holdings, Inc.
 
69,149
2,026,536
Sunrise Energy Metals Ltd. (a)(b)
 
598,165
682,772
 
 
 
318,081,137
TOTAL MATERIALS
 
 
475,757,366
REAL ESTATE - 0.1%
 
 
 
Equity Real Estate Investment Trusts (REITs) - 0.1%
 
 
 
Equity Commonwealth
 
343,863
8,933,561
Prologis (REIT), Inc.
 
155,911
19,555,917
 
 
 
28,489,478
UTILITIES - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
Southern Co.
 
38,316
2,374,443
 
TOTAL COMMON STOCKS
 (Cost $15,397,675,980)
 
 
 
23,551,183,578
 
 
 
 
Convertible Preferred Stocks - 0.5%
 
 
Shares
Value ($)
 
CONSUMER DISCRETIONARY - 0.2%
 
 
 
Automobiles - 0.1%
 
 
 
Rad Power Bikes, Inc.:
 
 
 
 Series A (c)(d)
 
43,228
414,289
 Series C (a)(c)(d)
 
170,098
1,630,185
 Series D (c)(d)
 
404,900
3,880,481
Rivian Automotive, Inc. Series F (a)(c)(d)
 
128,235
7,722,312
 
 
 
13,647,267
Internet & Direct Marketing Retail - 0.1%
 
 
 
GoBrands, Inc.:
 
 
 
 Series G (a)(c)(d)
 
8,352
3,244,668
 Series H (a)(c)(d)
 
11,788
4,579,520
Reddit, Inc.:
 
 
 
 Series E (a)(c)(d)
 
27,300
1,686,987
 Series F (c)(d)
 
149,136
9,215,770
 
 
 
18,726,945
Specialty Retail - 0.0%
 
 
 
Aurora Innovation, Inc. Series B (a)(c)
 
119,040
2,178,313
Textiles, Apparel & Luxury Goods - 0.0%
 
 
 
Allbirds, Inc.:
 
 
 
 Series A (a)(c)(d)
 
13,415
154,541
 Series B (a)(c)(d)
 
2,355
27,130
 Series C (a)(c)(d)
 
22,525
259,488
 Series Seed (a)(c)(d)
 
7,210
83,059
Discord, Inc. Series I (a)(c)(d)
 
2,700
1,486,686
 
 
 
2,010,904
TOTAL CONSUMER DISCRETIONARY
 
 
36,563,429
CONSUMER STAPLES - 0.0%
 
 
 
Food Products - 0.0%
 
 
 
Bowery Farming, Inc. Series C1 (c)(d)
 
37,316
2,248,263
FINANCIALS - 0.0%
 
 
 
Thrifts & Mortgage Finance - 0.0%
 
 
 
Acrisure Holdings, Inc. Series B (a)(c)(d)
 
57,282
934,269
HEALTH CARE - 0.0%
 
 
 
Biotechnology - 0.0%
 
 
 
ElevateBio LLC Series C (c)(d)
 
486,500
2,040,868
Health Care Providers & Services - 0.0%
 
 
 
Lyra Health, Inc.:
 
 
 
 Series E (a)(c)(d)
 
190,800
2,996,400
 Series F (c)(d)
 
11,519
180,899
 
 
 
3,177,299
TOTAL HEALTH CARE
 
 
5,218,167
INDUSTRIALS - 0.2%
 
 
 
Aerospace & Defense - 0.1%
 
 
 
Relativity Space, Inc.:
 
 
 
 Series D (a)(c)(d)
 
207,384
4,735,634
 Series E (a)(c)(d)
 
143,887
3,285,674
Space Exploration Technologies Corp. Series N (a)(c)(d)
 
49,490
20,785,305
 
 
 
28,806,613
Air Freight & Logistics - 0.0%
 
 
 
Zipline International, Inc. Series E (a)(c)(d)
 
178,019
6,408,684
Commercial Services & Supplies - 0.1%
 
 
 
ZenPayroll, Inc.:
 
 
 
 Series D (a)(c)(d)
 
184,203
5,598,911
 Series E (c)(d)
 
28,063
852,984
 
 
 
6,451,895
Transportation Infrastructure - 0.0%
 
 
 
Delhivery Private Ltd. Series H (a)(c)(d)
 
9,242
4,442,814
TOTAL INDUSTRIALS
 
 
46,110,006
INFORMATION TECHNOLOGY - 0.1%
 
 
 
IT Services - 0.1%
 
 
 
ByteDance Ltd. Series E1 (a)(c)(d)
 
80,736
9,555,913
Semiconductors & Semiconductor Equipment - 0.0%
 
 
 
Tenstorrent, Inc. Series C1 (c)(d)
 
33,000
1,961,992
Software - 0.0%
 
 
 
ASAPP, Inc. Series C (a)(c)(d)
 
204,122
981,827
Carbon, Inc.:
 
 
 
 Series D (a)(c)(d)
 
9,678
323,632
 Series E (a)(c)(d)
 
7,351
248,905
Nuro, Inc. Series C (c)(d)
 
405,967
5,299,737
Stripe, Inc. Series H (a)(c)(d)
 
29,000
1,163,625
 
 
 
8,017,726
TOTAL INFORMATION TECHNOLOGY
 
 
19,535,631
MATERIALS - 0.0%
 
 
 
Metals & Mining - 0.0%
 
 
 
High Power Exploration, Inc. Series A (a)(c)(d)
 
1,289,012
5,723,213
 
TOTAL CONVERTIBLE PREFERRED STOCKS
 (Cost $96,234,067)
 
 
 
116,332,978
 
 
 
 
Convertible Bonds - 0.0%
 
 
Principal
Amount (g)
 
Value ($)
 
CONSUMER DISCRETIONARY - 0.0%
 
 
 
Automobiles - 0.0%
 
 
 
Rivian Automotive, Inc. 0% 7/15/26 (c)(d)
 
  (Cost $7,168,675)
 
 
7,168,675
7,168,675
 
 
 
 
Preferred Securities - 0.0%
 
 
Principal
Amount (g)
 
Value ($)
 
CONSUMER DISCRETIONARY - 0.0%
 
 
 
Internet & Direct Marketing Retail - 0.0%
 
 
 
Circle Internet Financial Ltd. 0% (c)(h)
 
2,845,500
3,243,548
INFORMATION TECHNOLOGY - 0.0%
 
 
 
Semiconductors & Semiconductor Equipment - 0.0%
 
 
 
Tenstorrent, Inc. 0% (c)(d)(h)
 
1,840,000
1,840,000
 
TOTAL PREFERRED SECURITIES
 (Cost $4,685,500)
 
 
 
5,083,548
 
 
 
 
Money Market Funds - 2.6%
 
 
Shares
Value ($)
 
Fidelity Cash Central Fund 0.06% (i)
 
551,426,397
551,536,682
Fidelity Securities Lending Cash Central Fund 0.06% (i)(j)
 
78,860,457
78,868,343
 
TOTAL MONEY MARKET FUNDS
 (Cost $630,404,031)
 
 
630,405,025
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 100.4%
 (Cost $16,136,168,253)
 
 
 
24,310,173,804
NET OTHER ASSETS (LIABILITIES) - (0.4)%  
(105,818,416)
NET ASSETS - 100.0%
24,204,355,388
 
 
Legend
 
(a)
Non-income producing
 
(b)
Security or a portion of the security is on loan at period end.
 
(c)
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 $197,980,196 or 0.8% of net assets.
 
(d)
Level 3 security
 
(e)
Security exempt from registration under Rule 144A of the Securities Act of 1933.  These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $189,458,673 or 0.8% of net assets.
 
(f)
Investment is owned by a wholly-owned subsidiary (Subsidiary) that is treated as a corporation for U.S. tax purposes.
 
(g)
Amount is stated in United States dollars unless otherwise noted.
 
(h)
Security is perpetual in nature with no stated maturity date.
 
(i)
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.
 
(j)
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 Holding Co.
2/03/21
2,764,000
Acrisure Holdings, Inc. Series B
3/22/21
1,043,678
Allbirds, Inc.
10/09/18
372,829
Allbirds, Inc. Series A
10/09/18
147,124
Allbirds, Inc. Series B
10/09/18
25,828
Allbirds, Inc. Series C
10/09/18
247,035
Allbirds, Inc. Series Seed
10/09/18
79,073
ASAPP, Inc. Series C
4/30/21
1,346,613
Aurora Innovation, Inc. Series B
3/01/19
1,099,965
Bowery Farming, Inc. Series C1
5/18/21
2,248,263
ByteDance Ltd. Series E1
11/18/20
8,846,581
Cano Health, Inc.
11/11/20
7,118,260
Carbon, Inc. Series D
12/15/17
225,990
Carbon, Inc. Series E
3/22/19
205,787
Cazoo Group Ltd.
3/28/21
2,484,000
Circle Internet Financial Ltd. 0%
5/11/21
2,845,500
Delhivery Private Ltd. Series H
5/20/21
4,511,240
Discord, Inc. Series I
9/15/21
1,486,686
ElevateBio LLC Series C
3/09/21
2,040,868
Epic Games, Inc.
7/13/20 - 7/30/20
8,055,750
Fanatics, Inc. Class A
8/13/20
3,321,513
GoBrands, Inc. Series G
3/02/21
2,085,639
GoBrands, Inc. Series H
7/22/21
4,579,527
High Power Exploration, Inc. Series A
11/15/19 - 3/04/21
6,793,094
Ivanhoe Electric, Inc.
4/30/21
1,069,880
Joby Aviation, Inc.
2/23/21
1,995,790
Lyra Health, Inc. Series E
1/14/21
1,747,079
Lyra Health, Inc. Series F
6/04/21
180,899
Nuro, Inc. Series C
10/30/20
5,299,737
Nuvation Bio, Inc.
2/10/21
4,390,510
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
Rad Power Bikes, Inc. Series D
9/17/21
3,880,481
Reddit, Inc. Series E
5/18/21
1,159,546
Reddit, Inc. Series F
8/11/21
9,215,770
Relativity Space, Inc. Series D
11/20/20
3,095,642
Relativity Space, Inc. Series E
5/27/21
3,285,674
Rivian Automotive, Inc. Series F
1/19/21
4,725,460
Rivian Automotive, Inc. 0% 7/15/26
7/23/21
7,168,675
Space Exploration Technologies Corp. Class A
2/16/21
3,065,927
Space Exploration Technologies Corp. Series N
8/04/20
13,362,300
Stripe, Inc. Class B
5/18/21
3,013,641
Stripe, Inc. Series H
3/15/21
1,163,625
Tanium, Inc. Class B
9/18/20
5,122,575
Tenstorrent, Inc. Series C1
4/23/21
1,961,992
Tenstorrent, Inc. 0%
4/23/21
1,840,000
TulCo LLC
8/24/17 - 9/07/18
686,919
Veterinary Emergency Group LLC Class A
9/16/21
3,156,560
ZenPayroll, Inc. Series D
7/16/19
2,452,184
ZenPayroll, Inc. Series E
7/13/21
852,984
Zipline International, Inc. Series E
12/21/20
5,808,653
Zomato Ltd.
12/09/20 - 2/05/21
2,762,058
 
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
 
Affiliate
Value,
beginning
of period ($)
Purchases ($)
Sales
Proceeds ($)
Dividend
Income ($)
Realized
Gain (loss) ($)
Change in
Unrealized
appreciation
(depreciation) ($)
Value,
end
of period ($)
%ownership,
end
of period
Fidelity Cash Central Fund 0.06%
761,353,791
4,124,328,360
4,334,151,041
249,181
5,571
1
551,536,682
0.8%
Fidelity Securities Lending Cash Central Fund 0.06%
24,574,156
754,864,075
700,569,888
455,073
-
-
78,868,343
0.2%
Total
785,927,947
4,879,192,435
5,034,720,929
704,254
5,571
1
630,405,025
 
 
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, 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 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 inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
 
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)
 
Valuation techniques used to value 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 any 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.
 
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. Convertible Bonds and Preferred Securities 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 any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
 
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure 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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