NPORT-EX 2 QTLY_2946_20220331.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Contrafund® K6
March 31, 2022
CONK6-NPRT1-0522
1.9883977.104
Common Stocks - 95.7%
 
 
Shares
Value ($)
 
COMMUNICATION SERVICES - 14.4%
 
 
 
Entertainment - 1.8%
 
 
 
Activision Blizzard, Inc.
 
204,000
16,342,440
Netflix, Inc. (a)
 
813,027
304,551,784
The Walt Disney Co. (a)
 
464,524
63,714,112
Universal Music Group NV
 
1,210,418
32,397,708
Warner Music Group Corp. Class A
 
288,963
10,937,250
 
 
 
427,943,294
Interactive Media & Services - 12.4%
 
 
 
Alphabet, Inc.:
 
 
 
 Class A (a)
 
250,577
696,942,339
 Class C (a)
 
230,178
642,884,852
Bumble, Inc. (a)(b)
 
477,159
13,828,068
CarGurus, Inc. Class A (a)
 
1,544
65,558
Meta Platforms, Inc. Class A (a)
 
6,826,923
1,518,034,598
Snap, Inc. Class A (a)
 
199,803
7,190,910
Zoominfo Technologies, Inc. (a)
 
307,478
18,368,736
 
 
 
2,897,315,061
Media - 0.2%
 
 
 
Liberty Media Corp. Liberty Formula One Group Series C (a)
 
623,659
43,556,345
TOTAL COMMUNICATION SERVICES
 
 
3,368,814,700
CONSUMER DISCRETIONARY - 11.9%
 
 
 
Automobiles - 0.8%
 
 
 
General Motors Co. (a)
 
1,042,421
45,595,495
Harley-Davidson, Inc.
 
84,915
3,345,651
Hyundai Motor Co.
 
140,460
20,678,309
Rad Power Bikes, Inc. (a)(c)(d)
 
331,574
3,177,739
Rivian Automotive, Inc.
 
236,360
11,280,990
Tesla, Inc. (a)
 
16,405
17,678,028
Toyota Motor Corp.
 
3,621,057
65,316,643
XPeng, Inc. Class A
 
623,401
8,579,732
 
 
 
175,652,587
Hotels, Restaurants & Leisure - 0.7%
 
 
 
Airbnb, Inc. Class A (a)
 
490,802
84,300,152
Booking Holdings, Inc. (a)
 
2,026
4,757,960
Chipotle Mexican Grill, Inc. (a)
 
15,021
23,763,673
Hilton Worldwide Holdings, Inc. (a)
 
333,901
50,666,138
Marriott International, Inc. Class A (a)
 
66,845
11,748,009
 
 
 
175,235,932
Household Durables - 0.1%
 
 
 
Lennar Corp. Class A
 
215,509
17,492,866
Internet & Direct Marketing Retail - 7.4%
 
 
 
Amazon.com, Inc. (a)
 
504,650
1,645,133,765
Cazoo Group Ltd. Class A (a)
 
871,131
2,404,322
Chewy, Inc. (a)
 
31,000
1,264,180
Coupang, Inc. Class A (a)(b)
 
2,212,151
39,110,830
Deliveroo PLC Class A (a)(e)
 
10,852,418
16,066,826
Doordash, Inc. (a)(b)
 
162,978
19,099,392
eBay, Inc.
 
198,746
11,380,196
Wayfair LLC Class A (a)
 
10,985
1,216,918
Zomato Ltd. (a)(c)
 
4,522,500
4,411,852
 
 
 
1,740,088,281
Leisure Products - 0.0%
 
 
 
Thule Group AB (e)
 
99,996
3,988,184
Multiline Retail - 0.2%
 
 
 
Dollar Tree, Inc. (a)
 
205,454
32,903,458
Dollarama, Inc.
 
74,450
4,222,297
Kohl's Corp.
 
96,800
5,852,528
 
 
 
42,978,283
Specialty Retail - 2.0%
 
 
 
Academy Sports & Outdoors, Inc.
 
651,456
25,667,366
Aurora Innovation, Inc. Class B
 
258,416
1,372,318
AutoZone, Inc. (a)
 
23,431
47,906,554
Dick's Sporting Goods, Inc.
 
361,427
36,149,929
Fanatics, Inc. Class A (c)(d)
 
332,480
22,555,443
National Vision Holdings, Inc. (a)(b)
 
264,028
11,503,700
O'Reilly Automotive, Inc. (a)
 
84,921
58,167,488
The Home Depot, Inc.
 
709,477
212,367,750
TJX Companies, Inc.
 
292,873
17,742,246
Ulta Beauty, Inc. (a)
 
17,600
7,008,672
Williams-Sonoma, Inc. (b)
 
267,596
38,801,420
 
 
 
479,242,886
Textiles, Apparel & Luxury Goods - 0.7%
 
 
 
Allbirds, Inc. Class A
 
40,175
241,452
Deckers Outdoor Corp. (a)
 
32,156
8,803,348
Dr. Martens Ltd.
 
3,035,190
9,521,380
lululemon athletica, Inc. (a)
 
16,839
6,150,108
NIKE, Inc. Class B
 
854,434
114,972,639
On Holding AG (b)
 
529,600
13,367,104
 
 
 
153,056,031
TOTAL CONSUMER DISCRETIONARY
 
 
2,787,735,050
CONSUMER STAPLES - 3.2%
 
 
 
Beverages - 0.6%
 
 
 
Anheuser-Busch InBev SA NV
 
249,621
14,924,369
Diageo PLC
 
327,003
16,587,089
Keurig Dr. Pepper, Inc.
 
57,621
2,183,836
PepsiCo, Inc.
 
301,596
50,481,138
The Coca-Cola Co.
 
958,372
59,419,064
 
 
 
143,595,496
Food & Staples Retailing - 1.5%
 
 
 
Albertsons Companies, Inc.
 
69,783
2,320,285
Costco Wholesale Corp.
 
609,301
350,865,981
Kroger Co.
 
37,085
2,127,566
 
 
 
355,313,832
Food Products - 0.0%
 
 
 
Nestle SA (Reg. S)
 
17,386
2,260,504
The Vita Coco Co., Inc. (b)
 
80,599
722,167
 
 
 
2,982,671
Household Products - 0.1%
 
 
 
Procter & Gamble Co.
 
117,122
17,896,242
Personal Products - 1.0%
 
 
 
Estee Lauder Companies, Inc. Class A
 
732,084
199,361,115
L'Oreal SA (a)
 
23,678
9,458,067
L'Oreal SA (a)
 
31,253
12,483,866
Olaplex Holdings, Inc.
 
224,110
3,502,839
 
 
 
224,805,887
TOTAL CONSUMER STAPLES
 
 
744,594,128
ENERGY - 1.8%
 
 
 
Energy Equipment & Services - 0.0%
 
 
 
Baker Hughes Co. Class A
 
63,600
2,315,676
Halliburton Co.
 
250,494
9,486,208
 
 
 
11,801,884
Oil, Gas & Consumable Fuels - 1.8%
 
 
 
Canadian Natural Resources Ltd.
 
1,189,234
73,638,047
Cenovus Energy, Inc. (Canada)
 
138,968
2,316,597
Cheniere Energy, Inc.
 
215,137
29,828,745
Chevron Corp.
 
175,327
28,548,495
ConocoPhillips Co.
 
586,942
58,694,200
Continental Resources, Inc. (b)
 
37,100
2,275,343
Devon Energy Corp.
 
527,840
31,211,179
Diamondback Energy, Inc.
 
215,815
29,583,920
EOG Resources, Inc.
 
379,736
45,275,923
Exxon Mobil Corp.
 
208,132
17,189,622
Hess Corp.
 
255,557
27,354,821
Occidental Petroleum Corp.
 
236,714
13,431,152
Phillips 66 Co.
 
30,590
2,642,670
Pioneer Natural Resources Co.
 
217,269
54,323,768
Reliance Industries Ltd.
 
72,382
2,498,485
Suncor Energy, Inc.
 
70,780
2,304,320
 
 
 
421,117,287
TOTAL ENERGY
 
 
432,919,171
FINANCIALS - 14.8%
 
 
 
Banks - 3.5%
 
 
 
Bank of America Corp.
 
7,145,259
294,527,576
JPMorgan Chase & Co.
 
1,495,119
203,814,622
Kotak Mahindra Bank Ltd. (a)
 
259,472
5,947,221
Nu Holdings Ltd. (b)
 
495,993
3,829,066
Royal Bank of Canada
 
1,051,771
115,798,713
Starling Bank Ltd. Series D (a)(c)(d)
 
3,502,023
10,847,820
The Toronto-Dominion Bank
 
1,342,724
106,535,051
Wells Fargo & Co.
 
1,628,762
78,929,807
 
 
 
820,229,876
Capital Markets - 2.0%
 
 
 
BlackRock, Inc. Class A
 
60,134
45,952,599
Brookfield Asset Management, Inc. (Canada) Class A
 
375,222
21,214,007
Charles Schwab Corp.
 
1,048,266
88,379,306
CME Group, Inc.
 
64,383
15,314,140
Coinbase Global, Inc. (a)
 
131,512
24,968,868
Goldman Sachs Group, Inc.
 
146,736
48,437,554
Intercontinental Exchange, Inc.
 
130,659
17,262,667
Morgan Stanley
 
1,904,017
166,411,086
MSCI, Inc.
 
84,575
42,531,076
 
 
 
470,471,303
Consumer Finance - 0.3%
 
 
 
American Express Co.
 
122,940
22,989,780
Capital One Financial Corp.
 
390,973
51,330,845
 
 
 
74,320,625
Diversified Financial Services - 6.9%
 
 
 
Berkshire Hathaway, Inc. Class A (a)
 
3,058
1,617,440,418
Insurance - 2.1%
 
 
 
Admiral Group PLC
 
1,492,794
50,260,657
American International Group, Inc.
 
1,466,421
92,047,246
Aon PLC
 
15,370
5,004,933
Arthur J. Gallagher & Co.
 
149,369
26,079,827
Brookfield Asset Management Reinsurance Partners Ltd.
 
1,401
79,982
Chubb Ltd.
 
496,786
106,262,525
Fairfax Financial Holdings Ltd. (sub. vtg.)
 
31,859
17,380,949
Hartford Financial Services Group, Inc.
 
351,391
25,233,388
Intact Financial Corp.
 
123,315
18,220,811
Marsh & McLennan Companies, Inc.
 
61,227
10,434,305
Progressive Corp.
 
623,514
71,074,361
The Travelers Companies, Inc.
 
429,600
78,500,808
 
 
 
500,579,792
TOTAL FINANCIALS
 
 
3,483,042,014
HEALTH CARE - 13.8%
 
 
 
Biotechnology - 2.9%
 
 
 
AbbVie, Inc.
 
694,437
112,575,182
Alnylam Pharmaceuticals, Inc. (a)
 
25,532
4,169,120
BioCryst Pharmaceuticals, Inc. (a)(b)
 
52,285
850,154
Biohaven Pharmaceutical Holding Co. Ltd. (a)
 
9,190
1,089,658
BioNTech SE ADR (a)
 
14,300
2,439,008
Galapagos NV sponsored ADR (a)
 
166,707
10,339,168
Horizon Therapeutics PLC (a)
 
811,061
85,331,728
Idorsia Ltd. (a)(b)
 
251,235
5,010,834
Intellia Therapeutics, Inc. (a)
 
60,110
4,368,194
Regeneron Pharmaceuticals, Inc. (a)
 
462,044
322,700,770
Vertex Pharmaceuticals, Inc. (a)
 
463,644
120,997,175
Zai Lab Ltd. (a)
 
742,150
3,378,761
 
 
 
673,249,752
Health Care Equipment & Supplies - 1.1%
 
 
 
Abbott Laboratories
 
341,966
40,475,096
DexCom, Inc. (a)
 
5,751
2,942,212
Edwards Lifesciences Corp. (a)
 
448,218
52,764,223
Envista Holdings Corp. (a)
 
287,838
14,020,589
Figs, Inc. Class A (a)
 
45,600
981,312
Intuitive Surgical, Inc. (a)
 
380,937
114,921,074
Sonova Holding AG
 
60,989
25,582,313
 
 
 
251,686,819
Health Care Providers & Services - 5.4%
 
 
 
23andMe Holding Co. Class B (e)
 
291,601
1,116,832
AmerisourceBergen Corp.
 
179,803
27,817,322
Anthem, Inc.
 
84,116
41,319,462
Cano Health, Inc. (a)
 
271,963
1,726,965
Centene Corp. (a)
 
59,326
4,994,656
CVS Health Corp.
 
52,665
5,330,225
dentalcorp Holdings Ltd. (a)
 
648,122
7,875,034
Guardant Health, Inc. (a)
 
104,781
6,940,693
HCA Holdings, Inc.
 
284,568
71,318,432
Henry Schein, Inc. (a)
 
71,413
6,226,499
McKesson Corp.
 
24,508
7,502,634
Molina Healthcare, Inc. (a)
 
21,031
7,015,731
Option Care Health, Inc. (a)
 
679,574
19,408,633
P3 Health Partners, Inc. (c)
 
450,620
3,523,848
UnitedHealth Group, Inc.
 
2,084,838
1,063,204,835
 
 
 
1,275,321,801
Health Care Technology - 0.0%
 
 
 
Doximity, Inc. (b)
 
227,450
11,847,871
Life Sciences Tools & Services - 1.6%
 
 
 
Bio-Rad Laboratories, Inc. Class A (a)
 
3,546
1,997,214
Danaher Corp.
 
562,901
165,115,750
Eurofins Scientific SA
 
98,077
9,755,027
IQVIA Holdings, Inc. (a)
 
21,877
5,058,181
Lonza Group AG
 
24
17,459
Mettler-Toledo International, Inc. (a)
 
63,961
87,830,606
Thermo Fisher Scientific, Inc.
 
113,090
66,796,609
Veterinary Emergency Group LLC Class A (c)(d)(f)
 
183,097
9,589,486
Waters Corp. (a)
 
52,496
16,294,233
West Pharmaceutical Services, Inc.
 
15,452
6,346,291
 
 
 
368,800,856
Pharmaceuticals - 2.8%
 
 
 
AstraZeneca PLC sponsored ADR
 
106,500
7,065,210
Asymchem Laboratories Tianjin Co. Ltd. (H Shares) (e)
 
141,496
4,991,515
Bristol-Myers Squibb Co.
 
691,542
50,503,312
Eli Lilly & Co.
 
1,317,381
377,258,397
Intra-Cellular Therapies, Inc. (a)
 
82,377
5,040,649
Johnson & Johnson
 
142,916
25,329,003
Merck & Co., Inc.
 
214,058
17,563,459
Nuvation Bio, Inc. (a)(b)
 
1,977,086
10,399,472
Pfizer, Inc.
 
617,188
31,951,823
Roche Holding AG (participation certificate)
 
71,866
28,434,635
Royalty Pharma PLC
 
929,095
36,197,541
UCB SA
 
49,994
5,997,921
Zoetis, Inc. Class A
 
266,963
50,346,552
 
 
 
651,079,489
TOTAL HEALTH CARE
 
 
3,231,986,588
INDUSTRIALS - 3.6%
 
 
 
Aerospace & Defense - 0.5%
 
 
 
Lockheed Martin Corp.
 
91,541
40,406,197
Northrop Grumman Corp.
 
146,554
65,541,880
Space Exploration Technologies Corp. Class A (a)(c)(d)
 
73,000
4,088,000
TransDigm Group, Inc. (a)
 
10,825
7,052,921
 
 
 
117,088,998
Air Freight & Logistics - 1.0%
 
 
 
United Parcel Service, Inc. Class B
 
1,111,071
238,280,287
Zipline International, Inc. (c)(d)
 
87,466
3,148,776
 
 
 
241,429,063
Airlines - 0.0%
 
 
 
Joby Aviation, Inc. (a)
 
199,579
1,321,213
Building Products - 0.4%
 
 
 
Carrier Global Corp.
 
314,432
14,422,996
Fortune Brands Home & Security, Inc.
 
638,803
47,450,287
Toto Ltd.
 
665,049
26,708,760
 
 
 
88,582,043
Commercial Services & Supplies - 0.2%
 
 
 
Aurora Innovation, Inc. (a)
 
257,043
1,436,870
Cintas Corp.
 
61,793
26,286,124
Clean TeQ Water Pty Ltd. (a)(b)
 
310,966
140,047
GFL Environmental, Inc. (b)
 
189,681
6,172,220
TulCo LLC (a)(c)(d)(f)
 
1,552
922,726
ZenPayroll, Inc. (c)(d)
 
50,300
1,550,749
 
 
 
36,508,736
Industrial Conglomerates - 0.5%
 
 
 
General Electric Co.
 
1,291,494
118,171,701
Roper Technologies, Inc.
 
5,000
2,361,150
 
 
 
120,532,851
Machinery - 0.4%
 
 
 
AutoStore Holdings Ltd.
 
219,657
804,142
Deere & Co.
 
119,002
49,440,571
Ingersoll Rand, Inc.
 
381,542
19,210,640
Otis Worldwide Corp.
 
57,477
4,422,855
PACCAR, Inc.
 
73,353
6,460,199
 
 
 
80,338,407
Professional Services - 0.0%
 
 
 
Verisk Analytics, Inc.
 
11,200
2,403,856
Road & Rail - 0.6%
 
 
 
Canadian Pacific Railway Ltd.
 
407,914
33,666,813
J.B. Hunt Transport Services, Inc.
 
169,914
34,117,032
Old Dominion Freight Lines, Inc.
 
73,334
21,903,399
Union Pacific Corp.
 
194,284
53,080,332
 
 
 
142,767,576
Trading Companies & Distributors - 0.0%
 
 
 
Ferguson PLC
 
65,414
8,919,648
Transportation Infrastructure - 0.0%
 
 
 
Delhivery Private Ltd. (c)(d)
 
924,200
7,148,074
TOTAL INDUSTRIALS
 
 
847,040,465
INFORMATION TECHNOLOGY - 28.7%
 
 
 
Communications Equipment - 0.1%
 
 
 
Arista Networks, Inc. (a)
 
180,602
25,100,066
Electronic Equipment & Components - 1.5%
 
 
 
Amphenol Corp. Class A
 
4,404,949
331,912,907
CDW Corp.
 
96,792
17,315,121
Keysight Technologies, Inc. (a)
 
76,360
12,062,589
Samsung SDI Co. Ltd.
 
5,977
2,902,587
 
 
 
364,193,204
IT Services - 4.2%
 
 
 
Accenture PLC Class A
 
688,437
232,161,610
Adyen BV (a)(e)
 
24,719
48,960,797
Affirm Holdings, Inc. (a)
 
52,500
2,429,700
Cloudflare, Inc. (a)
 
1,054,810
126,260,757
Cognizant Technology Solutions Corp. Class A
 
348,160
31,219,507
MasterCard, Inc. Class A
 
196,416
70,195,150
MongoDB, Inc. Class A (a)
 
169,682
75,269,238
PayPal Holdings, Inc. (a)
 
222,708
25,756,180
Shopify, Inc. Class A (a)
 
64,668
43,734,635
Visa, Inc. Class A
 
1,535,739
340,580,838
 
 
 
996,568,412
Semiconductors & Semiconductor Equipment - 7.3%
 
 
 
Advanced Micro Devices, Inc. (a)
 
1,853,311
202,641,025
Analog Devices, Inc.
 
257,142
42,474,716
Applied Materials, Inc.
 
314,004
41,385,727
Broadcom, Inc.
 
40,912
25,761,468
Lam Research Corp.
 
92,066
49,495,602
Lattice Semiconductor Corp. (a)
 
184,555
11,248,627
Marvell Technology, Inc.
 
965,976
69,270,139
Micron Technology, Inc.
 
29,100
2,266,599
Monolithic Power Systems, Inc.
 
15,965
7,753,881
NVIDIA Corp.
 
2,989,384
815,683,318
onsemi (a)
 
744,331
46,602,564
Qualcomm, Inc.
 
1,975,942
301,963,456
Semtech Corp. (a)
 
72,357
5,017,234
Silergy Corp.
 
13,000
1,525,299
SiTime Corp. (a)
 
8,121
2,012,546
Synaptics, Inc. (a)
 
458,724
91,515,438
 
 
 
1,716,617,639
Software - 10.8%
 
 
 
Adobe, Inc. (a)
 
690,167
314,453,889
Atlassian Corp. PLC (a)
 
412,895
121,320,938
Bill.Com Holdings, Inc. (a)(b)
 
56,644
12,846,293
Cadence Design Systems, Inc. (a)
 
432,400
71,112,504
Check Point Software Technologies Ltd. (a)
 
79,106
10,937,196
Clear Secure, Inc. (b)
 
133,338
3,584,125
Confluent, Inc.
 
55,800
2,287,800
Datadog, Inc. Class A (a)
 
370,919
56,183,101
Dynatrace, Inc. (a)
 
121,484
5,721,896
Epic Games, Inc. (a)(c)(d)
 
14,010
9,865,001
Fortinet, Inc. (a)
 
45,267
15,469,545
HubSpot, Inc. (a)
 
2,383
1,131,782
Intuit, Inc.
 
163,804
78,763,515
KnowBe4, Inc. (a)
 
317,125
7,300,218
Microsoft Corp.
 
4,157,010
1,281,647,753
Monday.com Ltd. (b)
 
12,963
2,049,061
Palo Alto Networks, Inc. (a)(b)
 
33,321
20,742,656
Qualtrics International, Inc. (a)
 
76,069
2,171,770
Salesforce.com, Inc. (a)
 
2,274,805
482,986,598
SentinelOne, Inc. (b)
 
52,224
2,023,158
ServiceNow, Inc. (a)
 
26,868
14,962,521
Stripe, Inc. Class B (a)(c)(d)
 
75,100
2,775,696
Tanium, Inc. Class B (a)(c)(d)
 
449,538
5,578,767
Tenable Holdings, Inc. (a)
 
11,600
670,364
 
 
 
2,526,586,147
Technology Hardware, Storage & Peripherals - 4.8%
 
 
 
Apple, Inc.
 
6,260,917
1,093,218,717
Dell Technologies, Inc.
 
559,114
28,061,932
 
 
 
1,121,280,649
TOTAL INFORMATION TECHNOLOGY
 
 
6,750,346,117
MATERIALS - 3.1%
 
 
 
Chemicals - 0.5%
 
 
 
CF Industries Holdings, Inc.
 
194,076
20,001,473
Corteva, Inc.
 
38,900
2,235,972
Nutrien Ltd.
 
112,954
11,746,086
Sherwin-Williams Co.
 
282,808
70,594,533
The Mosaic Co.
 
110,168
7,326,172
Westlake Corp.
 
97,731
12,060,005
 
 
 
123,964,241
Metals & Mining - 2.6%
 
 
 
Agnico Eagle Mines Ltd. (Canada)
 
35,400
2,166,220
ArcelorMittal SA Class A unit GDR
 
69,700
2,231,097
B2Gold Corp.
 
5,889,108
27,039,539
Barrick Gold Corp. (Canada)
 
2,026,708
49,705,129
Cleveland-Cliffs, Inc. (a)
 
848,986
27,345,839
First Quantum Minerals Ltd.
 
26,980
934,043
Franco-Nevada Corp.
 
687,649
109,427,582
Freeport-McMoRan, Inc.
 
2,577,767
128,218,131
Glencore Xstrata PLC
 
1,065,800
6,934,851
Ivanhoe Electric, Inc. (c)(d)
 
1,289,012
1,069,880
Ivanhoe Mines Ltd. (a)
 
5,797,975
54,077,022
Ivanhoe Mines Ltd. (a)(e)
 
1,490,580
13,902,462
MP Materials Corp. (a)
 
26,502
1,519,625
Newmont Corp.
 
540,095
42,910,548
Novagold Resources, Inc. (a)
 
1,603,715
12,353,538
Nucor Corp.
 
622,256
92,498,354
Steel Dynamics, Inc.
 
432,468
36,080,805
Stelco Holdings, Inc.
 
85,910
3,572,740
Sunrise Energy Metals Ltd. (a)
 
621,935
1,141,476
 
 
 
613,128,881
TOTAL MATERIALS
 
 
737,093,122
REAL ESTATE - 0.3%
 
 
 
Equity Real Estate Investment Trusts (REITs) - 0.3%
 
 
 
Equity Commonwealth (a)
 
437,287
12,335,866
Prologis (REIT), Inc.
 
314,666
50,812,266
Welltower, Inc.
 
48,100
4,624,334
 
 
 
67,772,466
UTILITIES - 0.1%
 
 
 
Electric Utilities - 0.1%
 
 
 
Constellation Energy Corp.
 
70,023
3,938,794
Exelon Corp.
 
116,700
5,558,421
NextEra Energy, Inc.
 
143,329
12,141,400
Southern Co.
 
63,800
4,626,138
 
 
 
26,264,753
 
TOTAL COMMON STOCKS
 (Cost $15,227,861,825)
 
 
 
22,477,608,574
 
 
 
 
Preferred Stocks - 0.6%
 
 
Shares
Value ($)
 
Convertible Preferred Stocks - 0.5%
 
 
 
COMMUNICATION SERVICES - 0.1%
 
 
 
Interactive Media & Services - 0.1%
 
 
 
Reddit, Inc.:
 
 
 
  Series E(c)(d)
 
27,300
1,686,987
  Series F(c)(d)
 
149,136
9,215,770
 
 
 
10,902,757
CONSUMER DISCRETIONARY - 0.1%
 
 
 
Automobiles - 0.0%
 
 
 
Rad Power Bikes, Inc.:
 
 
 
  Series A(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
 
 
 
5,924,955
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Discord, Inc. Series I (c)(d)
 
2,700
1,486,686
 
 
 
 
Internet & Direct Marketing Retail - 0.1%
 
 
 
GoBrands, Inc.:
 
 
 
  Series G(c)(d)
 
8,352
3,398,512
  Series H(c)(d)
 
11,788
4,796,655
 
 
 
8,195,167
TOTAL CONSUMER DISCRETIONARY
 
 
15,606,808
 
 
 
 
CONSUMER STAPLES - 0.0%
 
 
 
Food Products - 0.0%
 
 
 
Bowery Farming, Inc. Series C1 (c)(d)
 
37,316
1,782,212
 
 
 
 
FINANCIALS - 0.0%
 
 
 
Thrifts & Mortgage Finance - 0.0%
 
 
 
Acrisure Holdings, Inc. Series B (c)(d)
 
57,282
1,209,796
 
 
 
 
HEALTH CARE - 0.0%
 
 
 
Biotechnology - 0.0%
 
 
 
ElevateBio LLC Series C (c)(d)
 
486,500
1,755,779
 
 
 
 
Health Care Providers & Services - 0.0%
 
 
 
Lyra Health, Inc.:
 
 
 
  Series E(a)(c)(d)
 
190,800
3,478,284
  Series F(c)(d)
 
11,519
209,991
Somatus, Inc. Series E (c)(d)
 
2,766
2,413,708
 
 
 
6,101,983
TOTAL HEALTH CARE
 
 
7,857,762
 
 
 
 
INDUSTRIALS - 0.2%
 
 
 
Aerospace & Defense - 0.2%
 
 
 
Relativity Space, Inc.:
 
 
 
  Series D(a)(c)(d)
 
207,384
3,724,617
  Series E(c)(d)
 
143,887
3,030,260
Space Exploration Technologies Corp. Series N (a)(c)(d)
 
49,490
27,714,400
 
 
 
34,469,277
Air Freight & Logistics - 0.0%
 
 
 
Zipline International, Inc. Series E (a)(c)(d)
 
178,019
6,408,684
 
 
 
 
Commercial Services & Supplies - 0.0%
 
 
 
ZenPayroll, Inc.:
 
 
 
  Series D(a)(c)(d)
 
184,203
5,678,978
  Series E(c)(d)
 
28,063
865,182
 
 
 
6,544,160
TOTAL INDUSTRIALS
 
 
47,422,121
 
 
 
 
INFORMATION TECHNOLOGY - 0.1%
 
 
 
IT Services - 0.0%
 
 
 
ByteDance Ltd. Series E1 (a)(c)(d)
 
80,736
11,888,376
 
 
 
 
Software - 0.1%
 
 
 
ASAPP, Inc. Series C (c)(d)
 
204,122
840,983
Carbon, Inc.:
 
 
 
  Series D(a)(c)(d)
 
9,678
151,848
  Series E(a)(c)(d)
 
7,351
135,479
Nuro, Inc.:
 
 
 
  Series C(a)(c)(d)
 
405,967
8,462,674
  Series D(c)(d)
 
114,603
2,388,982
Stripe, Inc. Series H (c)(d)
 
29,000
1,071,840
Tenstorrent, Inc. Series C1 (c)(d)
 
33,000
2,476,320
 
 
 
15,528,126
TOTAL INFORMATION TECHNOLOGY
 
 
27,416,502
 
 
 
 
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
 
 
117,921,171
Nonconvertible Preferred Stocks - 0.1%
 
 
 
CONSUMER DISCRETIONARY - 0.0%
 
 
 
Internet & Direct Marketing Retail - 0.0%
 
 
 
Circle Internet Financial Ltd. Series E (c)
 
175,323
4,033,200
 
 
 
 
ENERGY - 0.1%
 
 
 
Oil, Gas & Consumable Fuels - 0.1%
 
 
 
Petroleo Brasileiro SA - Petrobras sponsored ADR
 
1,606,518
23,776,466
 
 
 
 
TOTAL NONCONVERTIBLE PREFERRED STOCKS
 
 
27,809,666
 
TOTAL PREFERRED STOCKS
 (Cost $114,134,423)
 
 
 
145,730,837
 
 
 
 
Preferred Securities - 0.0%
 
 
Principal
Amount (g)
 
Value ($)
 
INFORMATION TECHNOLOGY - 0.0%
 
 
 
Software - 0.0%
 
 
 
Tenstorrent, Inc. 0% (c)(d)(h)
 
  (Cost $1,840,000)
 
 
1,840,000
1,840,000
 
 
 
 
Money Market Funds - 3.9%
 
 
Shares
Value ($)
 
Fidelity Cash Central Fund 0.31% (i)
 
840,705,945
840,874,086
Fidelity Securities Lending Cash Central Fund 0.31% (i)(j)
 
74,425,017
74,432,459
 
TOTAL MONEY MARKET FUNDS
 (Cost $915,305,552)
 
 
915,306,545
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 100.2%
 (Cost $16,259,141,800)
 
 
 
23,540,485,956
NET OTHER ASSETS (LIABILITIES) - (0.2)%  
(55,712,642)
NET ASSETS - 100.0%
23,484,773,314
 
 
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 $214,048,228 or 0.9% 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 $89,026,616 or 0.4% 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 ($)
 
Acrisure Holdings, Inc. Series B
3/22/21
1,043,678
ASAPP, Inc. Series C
4/30/21
1,346,613
Bowery Farming, Inc. Series C1
5/18/21
2,248,263
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
Circle Internet Financial Ltd. Series E
5/11/21
2,845,500
Delhivery Private Ltd.
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 - 12/15/21
12,844,485
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
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
Nuro, Inc. Series D
10/29/21
2,388,982
P3 Health Partners, Inc.
5/25/21
4,506,200
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
Somatus, Inc. Series E
1/31/22
2,413,708
Space Exploration Technologies Corp. Class A
2/16/21
3,065,927
Space Exploration Technologies Corp. Series N
8/04/20
13,362,300
Starling Bank Ltd. Series D
6/18/21
6,261,217
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
690,073
Veterinary Emergency Group LLC Class A
9/16/21 - 3/17/22
7,064,831
ZenPayroll, Inc.
10/01/21
1,448,054
ZenPayroll, Inc. Series D
7/16/19
2,452,184
ZenPayroll, Inc. Series E
7/13/21
852,984
Zipline International, Inc.
10/12/21
3,148,776
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 0.31%
557,157,321
1,353,598,744
1,069,881,979
198,494
-
-
840,874,086
1.6%
Fidelity Securities Lending Cash Central Fund 0.31%
69,004,697
265,241,145
259,813,383
67,769
-
-
74,432,459
0.2%
Total
626,162,018
1,618,839,889
1,329,695,362
266,263
-
-
915,306,545
 
 
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 - Unadjusted 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. 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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