NPORT-EX 2 QTLY_2946_20230331.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Contrafund® K6
March 31, 2023
CONK6-NPRT1-0523
1.9883977.105
Common Stocks - 96.1%
 
 
Shares
Value ($)
 
COMMUNICATION SERVICES - 14.2%
 
 
 
Entertainment - 2.4%
 
 
 
Activision Blizzard, Inc.
 
489,691
41,912,653
Liberty Media Corp. Liberty Formula One Series C (a)
 
845,184
63,245,119
Netflix, Inc. (a)
 
1,033,153
356,933,698
The Walt Disney Co. (a)
 
103,195
10,332,915
Universal Music Group NV
 
1,734,446
43,924,416
 
 
 
516,348,801
Interactive Media & Services - 11.5%
 
 
 
Alphabet, Inc.:
 
 
 
 Class A (a)
 
3,713,750
385,227,288
 Class C (a)
 
3,122,304
324,719,616
Bumble, Inc. (a)
 
549,723
10,747,085
Epic Games, Inc. (a)(b)(c)
 
14,010
10,446,416
Meta Platforms, Inc. Class A (a)
 
8,231,908
1,744,670,574
 
 
 
2,475,810,979
Media - 0.0%
 
 
 
Comcast Corp. Class A
 
55,063
2,087,438
Wireless Telecommunication Services - 0.3%
 
 
 
T-Mobile U.S., Inc. (a)
 
440,697
63,830,553
TOTAL COMMUNICATION SERVICES
 
 
3,058,077,771
CONSUMER DISCRETIONARY - 9.7%
 
 
 
Automobiles - 0.4%
 
 
 
General Motors Co.
 
320,217
11,745,560
Harley-Davidson, Inc.
 
239,553
9,095,827
Hyundai Motor Co.
 
154,980
21,968,912
Rad Power Bikes, Inc. (a)(b)(c)
 
331,574
1,024,564
Rivian Automotive, Inc. (a)
 
103,875
1,607,985
Tesla, Inc. (a)
 
62,651
12,997,576
Toyota Motor Corp.
 
1,800,422
25,629,745
 
 
 
84,070,169
Broadline Retail - 4.7%
 
 
 
Amazon.com, Inc. (a)
 
9,198,993
950,163,987
Coupang, Inc. Class A (a)
 
2,273,573
36,377,168
Dollarama, Inc.
 
108,525
6,485,804
MercadoLibre, Inc. (a)
 
12,940
17,055,696
 
 
 
1,010,082,655
Diversified Consumer Services - 0.0%
 
 
 
Duolingo, Inc. (a)
 
21,233
3,027,613
Hotels, Restaurants & Leisure - 1.2%
 
 
 
Airbnb, Inc. Class A (a)
 
1,058,082
131,625,401
Booking Holdings, Inc. (a)
 
4,882
12,949,066
Chipotle Mexican Grill, Inc. (a)
 
7,024
11,999,029
Churchill Downs, Inc.
 
4,916
1,263,658
Deliveroo PLC Class A (a)(d)
 
8,812,053
9,946,552
Doordash, Inc. (a)
 
7
445
Evolution AB (d)
 
24,160
3,231,420
Flutter Entertainment PLC (a)
 
12,477
2,251,795
Hilton Worldwide Holdings, Inc.
 
288,227
40,602,537
Hyatt Hotels Corp. Class A (a)
 
21,106
2,359,440
Las Vegas Sands Corp. (a)
 
36,294
2,085,090
Marriott International, Inc. Class A
 
11,961
1,986,004
McDonald's Corp.
 
88,282
24,684,530
Restaurant Brands International, Inc.
 
59,303
3,981,177
 
 
 
248,966,144
Household Durables - 0.2%
 
 
 
D.R. Horton, Inc.
 
27,342
2,671,040
Lennar Corp. Class A
 
317,855
33,409,739
PulteGroup, Inc.
 
4,403
256,607
 
 
 
36,337,386
Internet & Direct Marketing Retail - 0.0%
 
 
 
Uber Technologies, Inc. (a)
 
309,455
9,809,724
Leisure Products - 0.0%
 
 
 
Bandai Namco Holdings, Inc.
 
40,725
877,996
Specialty Retail - 2.7%
 
 
 
Academy Sports & Outdoors, Inc.
 
792,350
51,700,838
AutoZone, Inc. (a)
 
19,645
48,290,357
Dick's Sporting Goods, Inc.
 
594,663
84,376,733
Fanatics, Inc. Class A (a)(b)(c)
 
332,480
23,975,133
National Vision Holdings, Inc. (a)
 
38,728
729,636
O'Reilly Automotive, Inc. (a)
 
94,124
79,909,394
The Home Depot, Inc.
 
390,684
115,298,662
TJX Companies, Inc.
 
295,194
23,131,402
Ulta Beauty, Inc. (a)
 
177,079
96,626,698
Wayfair LLC Class A (a)
 
11,262
386,737
Williams-Sonoma, Inc. (e)
 
458,607
55,794,128
 
 
 
580,219,718
Textiles, Apparel & Luxury Goods - 0.5%
 
 
 
Deckers Outdoor Corp. (a)
 
23,208
10,433,156
Dr. Martens Ltd.
 
2,399,274
4,211,716
lululemon athletica, Inc. (a)
 
16,804
6,119,849
NIKE, Inc. Class B
 
393,920
48,310,349
On Holding AG (a)
 
1,397,265
43,357,133
Tapestry, Inc.
 
46,098
1,987,285
 
 
 
114,419,488
TOTAL CONSUMER DISCRETIONARY
 
 
2,087,810,893
CONSUMER STAPLES - 3.2%
 
 
 
Beverages - 1.2%
 
 
 
Anheuser-Busch InBev SA NV
 
298,776
19,916,377
Constellation Brands, Inc. Class A (sub. vtg.)
 
49,854
11,261,520
Diageo PLC
 
218,354
9,745,069
PepsiCo, Inc.
 
597,328
108,892,894
The Coca-Cola Co.
 
1,821,370
112,979,581
 
 
 
262,795,441
Food & Staples Retailing - 1.4%
 
 
 
Alimentation Couche-Tard, Inc. Class A (multi-vtg.)
 
308,457
15,508,437
Casey's General Stores, Inc.
 
56,622
12,256,398
Costco Wholesale Corp.
 
546,635
271,606,532
Performance Food Group Co. (a)
 
46,172
2,786,018
Walmart, Inc.
 
7
1,032
 
 
 
302,158,417
Food Products - 0.2%
 
 
 
Lamb Weston Holdings, Inc.
 
95,808
10,013,852
Mondelez International, Inc.
 
379,002
26,424,019
 
 
 
36,437,871
Personal Products - 0.4%
 
 
 
Estee Lauder Companies, Inc. Class A
 
224,992
55,451,528
L'Oreal SA (a)
 
56,282
25,149,202
L'Oreal SA
 
5,153
2,302,581
Olaplex Holdings, Inc. (a)
 
727,576
3,106,750
 
 
 
86,010,061
TOTAL CONSUMER STAPLES
 
 
687,401,790
ENERGY - 5.9%
 
 
 
Energy Equipment & Services - 0.0%
 
 
 
Schlumberger Ltd.
 
74,452
3,655,593
Oil, Gas & Consumable Fuels - 5.9%
 
 
 
Birchcliff Energy Ltd.
 
197,946
1,121,914
Canadian Natural Resources Ltd.
 
1,230,204
68,077,660
Cenovus Energy, Inc. (Canada)
 
458,408
7,997,973
Cheniere Energy, Inc.
 
375,919
59,244,834
Chevron Corp.
 
873,263
142,481,591
ConocoPhillips Co.
 
1,744,416
173,063,511
Devon Energy Corp.
 
561,000
28,392,210
Diamondback Energy, Inc.
 
206,470
27,908,550
EOG Resources, Inc.
 
649,866
74,494,140
Equinor ASA
 
73,366
2,085,680
Exxon Mobil Corp.
 
2,834,946
310,880,178
Hess Corp.
 
696,977
92,237,936
Marathon Petroleum Corp.
 
199,169
26,853,956
Occidental Petroleum Corp.
 
1,374,568
85,814,280
Phillips 66 Co.
 
276,005
27,981,387
Pioneer Natural Resources Co.
 
150,124
30,661,326
Reliance Industries Ltd.
 
77,582
2,206,482
Tourmaline Oil Corp.
 
125,575
5,232,989
Valero Energy Corp.
 
604,406
84,375,078
 
 
 
1,251,111,675
TOTAL ENERGY
 
 
1,254,767,268
FINANCIALS - 15.4%
 
 
 
Banks - 2.8%
 
 
 
AIB Group PLC
 
696,442
2,826,300
Banco Santander SA (Spain)
 
3,626,866
13,515,449
Bank of America Corp.
 
6,408,892
183,294,311
Bank of Ireland Group PLC
 
1,100,762
11,130,771
Citigroup, Inc.
 
150,485
7,056,242
East West Bancorp, Inc.
 
117,705
6,532,628
JPMorgan Chase & Co.
 
1,296,122
168,897,658
Nu Holdings Ltd. (a)(e)
 
2,199,067
10,467,559
Royal Bank of Canada
 
1,069,658
102,296,187
Starling Bank Ltd. Series D (a)(b)(c)
 
4,139,223
14,654,638
The Toronto-Dominion Bank
 
424,841
25,446,451
Wells Fargo & Co.
 
1,282,644
47,945,233
 
 
 
594,063,427
Capital Markets - 0.8%
 
 
 
BlackRock, Inc. Class A
 
1,540
1,030,445
Brookfield Asset Management Ltd. Class A
 
11,792
386,261
Brookfield Corp. (Canada) Class A
 
17,400
566,868
Coinbase Global, Inc. (a)
 
7
473
Goldman Sachs Group, Inc.
 
8,080
2,643,049
Morgan Stanley
 
1,532,695
134,570,621
MSCI, Inc.
 
59,822
33,481,775
S&P Global, Inc.
 
6,133
2,114,474
TulCo LLC (a)(b)(c)(f)
 
1,552
1,182,189
 
 
 
175,976,155
Consumer Finance - 0.3%
 
 
 
American Express Co.
 
347,063
57,248,042
Diversified Financial Services - 7.2%
 
 
 
Berkshire Hathaway, Inc. Class A (a)
 
3,306
1,539,273,600
Financial Services - 1.9%
 
 
 
Adyen BV (a)(d)
 
4,022
6,408,771
MasterCard, Inc. Class A
 
103,641
37,664,176
Toast, Inc. (a)
 
179,422
3,184,741
Visa, Inc. Class A
 
1,652,220
372,509,521
 
 
 
419,767,209
Insurance - 2.4%
 
 
 
American International Group, Inc.
 
1,534,639
77,284,420
Aon PLC
 
21,092
6,650,097
Arch Capital Group Ltd. (a)
 
60,171
4,083,806
Arthur J. Gallagher & Co.
 
186,434
35,666,689
Brookfield Asset Management Reinsurance Partners Ltd.
 
1,424
46,592
Chubb Ltd.
 
412,859
80,168,961
Fairfax Financial Holdings Ltd. (sub. vtg.)
 
39,916
26,546,577
Hartford Financial Services Group, Inc.
 
286,059
19,935,452
Intact Financial Corp.
 
315,002
45,081,529
Marsh & McLennan Companies, Inc.
 
136,830
22,789,037
Progressive Corp.
 
856,180
122,485,111
The Travelers Companies, Inc.
 
439,081
75,262,874
 
 
 
516,001,145
TOTAL FINANCIALS
 
 
3,302,329,578
HEALTH CARE - 15.3%
 
 
 
Biotechnology - 4.3%
 
 
 
AbbVie, Inc.
 
41,775
6,657,682
Alnylam Pharmaceuticals, Inc. (a)
 
103,548
20,742,735
Argenx SE ADR (a)
 
47,749
17,790,322
BeiGene Ltd. ADR (a)
 
512
110,351
Biohaven Ltd.
 
4,657
63,615
Galapagos NV sponsored ADR (a)
 
293,228
11,330,330
Gilead Sciences, Inc.
 
295,678
24,532,404
Intellia Therapeutics, Inc. (a)
 
46,395
1,729,142
Legend Biotech Corp. ADR (a)
 
277,361
13,374,347
Moderna, Inc. (a)
 
40,432
6,209,547
Neurocrine Biosciences, Inc. (a)
 
1,412
142,923
Nuvalent, Inc. Class A (a)
 
55,259
1,441,707
Regeneron Pharmaceuticals, Inc. (a)
 
632,442
519,658,618
Sarepta Therapeutics, Inc. (a)
 
41,401
5,706,300
Seagen, Inc. (a)
 
11,654
2,359,585
United Therapeutics Corp. (a)
 
200,821
44,975,871
Vertex Pharmaceuticals, Inc. (a)
 
769,279
242,376,735
Zai Lab Ltd. (a)
 
1,395,426
4,650,374
 
 
 
923,852,588
Health Care Equipment & Supplies - 0.9%
 
 
 
Boston Scientific Corp. (a)
 
961,949
48,126,308
DexCom, Inc. (a)
 
52,044
6,046,472
Edwards Lifesciences Corp. (a)
 
16,999
1,406,327
GE Healthcare Holding LLC
 
319,456
26,204,976
Inspire Medical Systems, Inc. (a)
 
8,146
1,906,734
Intuitive Surgical, Inc. (a)
 
333,511
85,202,055
Masimo Corp. (a)
 
9,932
1,832,851
Straumann Holding AG
 
53,864
8,078,774
Stryker Corp.
 
30,593
8,733,384
 
 
 
187,537,881
Health Care Providers & Services - 4.9%
 
 
 
23andMe Holding Co. Class A (a)
 
31,081
70,865
agilon health, Inc. (a)
 
183,553
4,359,384
AmerisourceBergen Corp.
 
44,705
7,157,718
Cardinal Health, Inc.
 
85,325
6,442,038
Cigna Group
 
47,393
12,110,333
Elevance Health, Inc.
 
86,360
39,709,192
HCA Holdings, Inc.
 
100,955
26,619,814
Molina Healthcare, Inc. (a)
 
7,322
1,958,562
Option Care Health, Inc. (a)
 
168,013
5,337,773
P3 Health Partners, Inc. Class A (a)
 
212,000
224,720
UnitedHealth Group, Inc.
 
2,002,244
946,240,492
 
 
 
1,050,230,891
Health Care Technology - 0.0%
 
 
 
Doximity, Inc. (a)(e)
 
127,702
4,134,991
Schrodinger, Inc. (a)
 
39,134
1,030,398
 
 
 
5,165,389
Life Sciences Tools & Services - 1.3%
 
 
 
Danaher Corp.
 
361,800
91,188,072
Lonza Group AG
 
22
13,244
Mettler-Toledo International, Inc. (a)
 
56,186
85,976,379
Thermo Fisher Scientific, Inc.
 
159,588
91,981,736
Veterinary Emergency Group LLC Class A (a)(b)(c)(f)
 
185,166
10,319,301
Waters Corp. (a)
 
28,490
8,821,359
 
 
 
288,300,091
Pharmaceuticals - 3.9%
 
 
 
AstraZeneca PLC sponsored ADR
 
157,338
10,920,831
Bristol-Myers Squibb Co.
 
546,425
37,872,717
DICE Therapeutics, Inc. (a)
 
212,433
6,086,205
Eli Lilly & Co.
 
1,364,516
468,602,085
Intra-Cellular Therapies, Inc. (a)
 
111,555
6,040,703
Johnson & Johnson
 
349,748
54,210,940
Merck & Co., Inc.
 
1,718,587
182,840,471
Novo Nordisk A/S Series B
 
58,013
9,213,705
Nuvation Bio, Inc. (a)(e)
 
2,042,585
3,390,691
Royalty Pharma PLC
 
1,502,032
54,118,213
Structure Therapeutics, Inc. ADR
 
79,405
1,889,045
Ventyx Biosciences, Inc. (a)
 
5,661
189,644
Verona Pharma PLC ADR (a)
 
78,701
1,580,316
Zoetis, Inc. Class A
 
13,198
2,196,675
 
 
 
839,152,241
TOTAL HEALTH CARE
 
 
3,294,239,081
INDUSTRIALS - 6.1%
 
 
 
Aerospace & Defense - 1.4%
 
 
 
Lockheed Martin Corp.
 
306,697
144,984,873
Northrop Grumman Corp.
 
290,825
134,279,719
Space Exploration Technologies Corp. Class A (a)(b)(c)
 
73,000
5,621,000
The Boeing Co. (a)
 
19,793
4,204,627
TransDigm Group, Inc.
 
19,042
14,034,906
 
 
 
303,125,125
Air Freight & Logistics - 0.9%
 
 
 
United Parcel Service, Inc. Class B
 
1,001,892
194,357,029
Zipline International, Inc. (a)(b)(c)
 
87,466
1,530,655
 
 
 
195,887,684
Airlines - 0.1%
 
 
 
Ryanair Holdings PLC sponsored ADR (a)
 
191,612
18,067,095
Building Products - 0.2%
 
 
 
Toto Ltd.
 
287,776
9,641,568
Trane Technologies PLC
 
167,520
30,820,330
 
 
 
40,461,898
Commercial Services & Supplies - 0.2%
 
 
 
Aurora Innovation, Inc. (a)
 
302,811
420,907
Cintas Corp.
 
33,200
15,360,976
Clean Harbors, Inc. (a)(e)
 
133,745
19,066,687
Clean TeQ Water Pty Ltd. (a)(e)
 
321,433
78,305
GFL Environmental, Inc.
 
69,194
2,385,823
Waste Connections, Inc. (United States)
 
15,538
2,160,870
 
 
 
39,473,568
Construction & Engineering - 0.0%
 
 
 
Larsen & Toubro Ltd.
 
79,400
2,096,314
Electrical Equipment - 0.4%
 
 
 
Acuity Brands, Inc.
 
13,402
2,448,947
AMETEK, Inc.
 
14,947
2,172,248
Eaton Corp. PLC
 
330,706
56,663,166
Hubbell, Inc. Class B
 
102,269
24,883,070
nVent Electric PLC
 
157,254
6,752,487
 
 
 
92,919,918
Ground Transportation - 0.3%
 
 
 
J.B. Hunt Transport Services, Inc.
 
181,760
31,891,610
Old Dominion Freight Lines, Inc.
 
118,691
40,454,640
Vamos Locacao de Caminhoes Maquinas e Equipamentos SA
 
27,300
71,907
 
 
 
72,418,157
Industrial Conglomerates - 0.8%
 
 
 
General Electric Co.
 
1,671,778
159,821,977
Machinery - 1.2%
 
 
 
Caterpillar, Inc.
 
200,475
45,876,699
Crane Holdings Co.
 
14,848
1,685,248
Deere & Co.
 
278,944
115,170,399
Fortive Corp.
 
241,373
16,454,397
Indutrade AB
 
87,761
1,861,085
PACCAR, Inc.
 
849,836
62,207,995
Parker Hannifin Corp.
 
30,695
10,316,896
 
 
 
253,572,719
Professional Services - 0.0%
 
 
 
Verisk Analytics, Inc.
 
11,246
2,157,658
Road & Rail - 0.3%
 
 
 
Canadian Pacific Railway Ltd.
 
683,210
52,609,445
Trading Companies & Distributors - 0.3%
 
 
 
United Rentals, Inc.
 
32,561
12,886,341
W.W. Grainger, Inc.
 
74,991
51,654,551
 
 
 
64,540,892
TOTAL INDUSTRIALS
 
 
1,297,152,450
INFORMATION TECHNOLOGY - 22.9%
 
 
 
Communications Equipment - 0.4%
 
 
 
Arista Networks, Inc. (a)
 
452,941
76,030,676
Cisco Systems, Inc.
 
250,347
13,086,889
Motorola Solutions, Inc.
 
23,599
6,752,382
 
 
 
95,869,947
Electronic Equipment & Components - 2.4%
 
 
 
Amphenol Corp. Class A
 
5,283,010
431,727,577
CDW Corp.
 
340,373
66,335,294
Jabil, Inc.
 
117,624
10,369,732
 
 
 
508,432,603
IT Services - 1.0%
 
 
 
Accenture PLC Class A
 
632,625
180,810,551
Cloudflare, Inc. (a)
 
281,555
17,360,681
Endava PLC ADR (a)
 
2,889
194,083
Gartner, Inc. (a)
 
19,675
6,409,525
Okta, Inc. (a)
 
24,279
2,093,821
Shopify, Inc. Class A (a)
 
66,952
3,210,129
Snowflake, Inc. (a)
 
13,408
2,068,720
Twilio, Inc. Class A (a)
 
27,838
1,854,846
X Holdings Corp. Class A (c)
 
102,340
3,739,504
 
 
 
217,741,860
Semiconductors & Semiconductor Equipment - 6.9%
 
 
 
Advanced Micro Devices, Inc. (a)
 
1,861,626
182,457,964
Allegro MicroSystems LLC (a)
 
141,378
6,784,730
Analog Devices, Inc.
 
540,257
106,549,486
Broadcom, Inc.
 
48,534
31,136,502
First Solar, Inc. (a)
 
115,881
25,204,118
Lattice Semiconductor Corp. (a)
 
535,464
51,136,812
Marvell Technology, Inc.
 
88,811
3,845,516
Monolithic Power Systems, Inc.
 
21,555
10,789,140
NVIDIA Corp.
 
2,370,924
658,571,559
NXP Semiconductors NV
 
11,138
2,076,959
onsemi (a)
 
1,214,471
99,975,253
Qualcomm, Inc.
 
1,688,057
215,362,312
Synaptics, Inc. (a)
 
238,202
26,476,152
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR
 
565,312
52,585,322
 
 
 
1,472,951,825
Software - 7.5%
 
 
 
Adobe, Inc. (a)
 
281,655
108,541,387
ANSYS, Inc. (a)
 
3,882
1,291,930
Atlassian Corp. PLC (a)
 
68,432
11,713,505
Cadence Design Systems, Inc. (a)
 
632,466
132,874,782
Check Point Software Technologies Ltd. (a)
 
95,860
12,461,800
Clear Secure, Inc. (e)
 
353,660
9,255,282
Dynatrace, Inc. (a)
 
181,474
7,676,350
Fair Isaac Corp. (a)
 
582
408,966
Fortinet, Inc. (a)
 
490,369
32,589,924
HubSpot, Inc. (a)
 
5,674
2,432,728
Intuit, Inc.
 
15,163
6,760,120
Microsoft Corp.
 
3,588,616
1,034,597,993
Palo Alto Networks, Inc. (a)
 
76,789
15,337,835
Paycom Software, Inc. (a)
 
6,599
2,006,162
Salesforce, Inc. (a)
 
1,052,729
210,314,200
Samsara, Inc. (a)(e)
 
18,247
359,831
ServiceNow, Inc. (a)
 
4,117
1,913,252
Stripe, Inc. Class B (a)(b)(c)
 
75,100
1,511,763
Synopsys, Inc. (a)
 
42,926
16,580,168
Tanium, Inc. Class B (a)(b)(c)
 
449,538
3,452,452
ZenPayroll, Inc. (a)(b)(c)
 
50,300
1,464,233
Zoom Video Communications, Inc. Class A (a)
 
25,105
1,853,753
 
 
 
1,615,398,416
Technology Hardware, Storage & Peripherals - 4.7%
 
 
 
Apple, Inc.
 
6,095,646
1,005,172,025
Dell Technologies, Inc.
 
48,885
1,965,666
 
 
 
1,007,137,691
TOTAL INFORMATION TECHNOLOGY
 
 
4,917,532,342
MATERIALS - 3.1%
 
 
 
Chemicals - 0.4%
 
 
 
Air Products & Chemicals, Inc.
 
68,590
19,699,734
Albemarle Corp.
 
88,746
19,616,416
CF Industries Holdings, Inc.
 
104,804
7,597,242
Corteva, Inc.
 
309,371
18,658,165
Linde PLC
 
24,417
8,678,778
Sherwin-Williams Co.
 
9,049
2,033,944
Westlake Corp.
 
149,240
17,308,855
 
 
 
93,593,134
Metals & Mining - 2.7%
 
 
 
B2Gold Corp.
 
6,129,176
24,217,388
Barrick Gold Corp. (Canada)
 
464,741
8,627,711
Cleveland-Cliffs, Inc. (a)
 
637,840
11,691,607
Franco-Nevada Corp.
 
708,853
103,393,409
Freeport-McMoRan, Inc.
 
2,670,678
109,257,437
Glencore PLC
 
1,639,098
9,431,729
Ivanhoe Electric, Inc.
 
594,164
7,219,093
Ivanhoe Mines Ltd. (a)
 
6,008,172
54,280,266
Ivanhoe Mines Ltd. (a)(d)
 
1,400,665
12,654,177
Newcrest Mining Ltd.
 
127,782
2,280,959
Novagold Resources, Inc. (a)
 
1,604,468
9,936,661
Nucor Corp.
 
790,101
122,046,901
POSCO sponsored ADR (e)
 
21,303
1,484,606
Sabina Gold & Silver Corp. (a)(e)
 
1,593,114
2,416,488
Steel Dynamics, Inc.
 
596,427
67,432,037
Sunrise Energy Metals Ltd. (a)
 
407,663
517,552
Wheaton Precious Metals Corp.
 
674,416
32,480,753
 
 
 
579,368,774
TOTAL MATERIALS
 
 
672,961,908
REAL ESTATE - 0.0%
 
 
 
Equity Real Estate Investment Trusts (REITs) - 0.0%
 
 
 
Equity Commonwealth
 
342,785
7,099,077
UTILITIES - 0.3%
 
 
 
Electric Utilities - 0.3%
 
 
 
Constellation Energy Corp.
 
392,534
30,813,919
PG&E Corp. (a)
 
1,453,364
23,500,896
 
 
 
54,314,815
 
TOTAL COMMON STOCKS
 (Cost $15,677,260,658)
 
 
 
20,633,686,973
 
 
 
 
Preferred Stocks - 0.7%
 
 
Shares
Value ($)
 
Convertible Preferred Stocks - 0.6%
 
 
 
COMMUNICATION SERVICES - 0.1%
 
 
 
Interactive Media & Services - 0.1%
 
 
 
ByteDance Ltd. Series E1 (a)(b)(c)
 
80,736
17,092,619
Reddit, Inc.:
 
 
 
  Series E(a)(b)(c)
 
27,300
1,040,130
  Series F(a)(b)(c)
 
149,136
5,682,082
 
 
 
23,814,831
CONSUMER DISCRETIONARY - 0.0%
 
 
 
Automobiles - 0.0%
 
 
 
Rad Power Bikes, Inc.:
 
 
 
  Series A(a)(b)(c)
 
43,228
133,575
  Series C(a)(b)(c)
 
170,098
525,603
  Series D(a)(b)(c)
 
404,900
1,251,141
 
 
 
1,910,319
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Discord, Inc. Series I (a)(b)(c)
 
2,700
910,845
 
 
 
 
TOTAL CONSUMER DISCRETIONARY
 
 
2,821,164
 
 
 
 
CONSUMER STAPLES - 0.0%
 
 
 
Food & Staples Retailing - 0.0%
 
 
 
GoBrands, Inc.:
 
 
 
  Series G(a)(b)(c)
 
8,352
814,905
  Series H(a)(b)(c)
 
11,788
1,150,155
 
 
 
1,965,060
Food Products - 0.0%
 
 
 
Bowery Farming, Inc. Series C1 (a)(b)(c)
 
37,316
666,464
 
 
 
 
TOTAL CONSUMER STAPLES
 
 
2,631,524
 
 
 
 
FINANCIALS - 0.0%
 
 
 
Diversified Financial Services - 0.0%
 
 
 
Acrisure Holdings, Inc. Series B (a)(b)(c)
 
57,282
1,403,409
 
 
 
 
Financial Services - 0.0%
 
 
 
Circle Internet Financial Ltd. Series F (b)(c)
 
118,667
3,383,196
 
 
 
 
TOTAL FINANCIALS
 
 
4,786,605
 
 
 
 
HEALTH CARE - 0.1%
 
 
 
Biotechnology - 0.0%
 
 
 
ElevateBio LLC Series C (a)(b)(c)
 
486,500
1,440,040
 
 
 
 
Health Care Providers & Services - 0.1%
 
 
 
Lyra Health, Inc.:
 
 
 
  Series E(a)(b)(c)
 
190,800
3,190,176
  Series F(a)(b)(c)
 
11,519
192,598
Somatus, Inc. Series E (a)(b)(c)
 
2,766
2,317,051
 
 
 
5,699,825
TOTAL HEALTH CARE
 
 
7,139,865
 
 
 
 
INDUSTRIALS - 0.3%
 
 
 
Aerospace & Defense - 0.2%
 
 
 
Relativity Space, Inc.:
 
 
 
  Series D(a)(b)(c)
 
207,384
3,305,701
  Series E(a)(b)(c)
 
143,887
2,661,910
Space Exploration Technologies Corp. Series N (a)(b)(c)
 
49,490
38,107,300
 
 
 
44,074,911
Air Freight & Logistics - 0.0%
 
 
 
Zipline International, Inc. Series E (a)(b)(c)
 
178,019
3,115,333
 
 
 
 
Construction & Engineering - 0.1%
 
 
 
Beta Technologies, Inc. Series B, 6.00% (b)(c)
 
47,990
3,533,504
 
 
 
 
TOTAL INDUSTRIALS
 
 
50,723,748
 
 
 
 
INFORMATION TECHNOLOGY - 0.1%
 
 
 
Software - 0.1%
 
 
 
ASAPP, Inc. Series C (a)(b)(c)
 
204,122
773,622
Carbon, Inc.:
 
 
 
  Series D(a)(b)(c)
 
9,678
93,393
  Series E(a)(b)(c)
 
7,351
84,610
Nuro, Inc.:
 
 
 
  Series C(a)(b)(c)
 
405,967
2,922,962
  Series D(a)(b)(c)
 
114,603
825,142
Stripe, Inc.:
 
 
 
  Series H(a)(b)(c)
 
29,000
583,770
  Series I(b)(c)
 
261,608
5,266,169
Tenstorrent, Inc. Series C1 (a)(b)(c)
 
33,000
1,870,440
ZenPayroll, Inc.:
 
 
 
  Series D(a)(b)(c)
 
184,203
5,362,149
  Series E(a)(b)(c)
 
28,063
816,914
 
 
 
18,599,171
MATERIALS - 0.0%
 
 
 
Metals & Mining - 0.0%
 
 
 
High Power Exploration, Inc. Series A (a)(b)(c)
 
1,289,012
5,375,180
 
 
 
 
TOTAL CONVERTIBLE PREFERRED STOCKS
 
 
115,892,088
Nonconvertible Preferred Stocks - 0.1%
 
 
 
ENERGY - 0.1%
 
 
 
Oil, Gas & Consumable Fuels - 0.1%
 
 
 
Petroleo Brasileiro SA - Petrobras sponsored ADR
 
2,181,744
22,755,590
 
 
 
 
FINANCIALS - 0.0%
 
 
 
Financial Services - 0.0%
 
 
 
Circle Internet Financial Ltd. Series E (b)(c)
 
175,323
4,998,459
 
 
 
 
TOTAL NONCONVERTIBLE PREFERRED STOCKS
 
 
27,754,049
 
TOTAL PREFERRED STOCKS
 (Cost $137,679,298)
 
 
 
143,646,137
 
 
 
 
Preferred Securities - 0.0%
 
 
Principal
Amount (g)
 
Value ($)
 
INFORMATION TECHNOLOGY - 0.0%
 
 
 
Software - 0.0%
 
 
 
Tenstorrent, Inc. 0% (b)(c)(h)
 
  (Cost $1,840,000)
 
 
1,840,000
1,753,520
 
 
 
 
Money Market Funds - 4.7%
 
 
Shares
Value ($)
 
Fidelity Cash Central Fund 4.86% (i)
 
937,788,768
937,976,326
Fidelity Securities Lending Cash Central Fund 4.87% (i)(j)
 
77,121,222
77,128,934
 
TOTAL MONEY MARKET FUNDS
 (Cost $1,015,104,267)
 
 
1,015,105,260
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 101.5%
 (Cost $16,831,884,223)
 
 
 
21,794,191,890
NET OTHER ASSETS (LIABILITIES) - (1.5)%  
(313,154,364)
NET ASSETS - 100.0%
21,481,037,526
 
 
Legend
 
(a)
Non-income producing
 
(b)
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 $197,826,411 or 0.9% of net assets.
 
(c)
Level 3 security
 
(d)
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 $32,240,920 or 0.2% of net assets.
 
(e)
Security or a portion of the security is on loan at period end.
 
(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
 
 
 
Beta Technologies, Inc. Series B, 6.00%
4/04/22
4,951,128
 
 
 
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
 
 
 
Circle Internet Financial Ltd. Series F
5/09/22
5,000,627
 
 
 
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
 
 
 
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
 
 
 
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 - 4/05/22
8,226,276
 
 
 
Stripe, Inc. Class B
5/18/21
3,013,641
 
 
 
Stripe, Inc. Series H
3/15/21
1,163,625
 
 
 
Stripe, Inc. Series I
3/20/23
5,267,252
 
 
 
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
715,798
 
 
 
Veterinary Emergency Group LLC Class A
9/16/21 - 12/16/22
7,188,860
 
 
 
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
 
 
 
 
 
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 4.86%
962,008,110
896,163,928
920,195,712
7,374,484
-
-
937,976,326
2.4%
Fidelity Securities Lending Cash Central Fund 4.87%
120,547,595
345,151,366
388,570,027
45,633
-
-
77,128,934
0.2%
Total
1,082,555,705
1,241,315,294
1,308,765,739
7,420,117
-
-
1,015,105,260
 
 
 
 
 
 
 
 
 
 
Amounts in the dividend 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. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services 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 the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.   
 
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 service 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 services or from brokers who make markets in such securities. Preferred Securities are valued by pricing services 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 services. 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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