NPORT-EX 2 QTLY_2946_20230930.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Contrafund® K6
September 30, 2023
CONK6-NPRT3-1123
1.9883976.106
Common Stocks - 93.9%
 
 
Shares
Value ($)
 
COMMUNICATION SERVICES - 17.7%
 
 
 
Entertainment - 1.9%
 
 
 
Liberty Media Corp. Liberty Formula One Class C
 
892,072
55,576,086
Liberty Media Corp. Liberty Live Class C
 
38,180
1,225,578
Netflix, Inc. (a)
 
1,009,663
381,248,749
The Walt Disney Co. (a)
 
64,005
5,187,605
Universal Music Group NV
 
1,940,819
50,647,969
 
 
 
493,885,987
Interactive Media & Services - 15.8%
 
 
 
Alphabet, Inc.:
 
 
 
 Class A (a)
 
5,456,939
714,095,038
 Class C (a)
 
4,669,800
615,713,130
Bumble, Inc. (a)
 
297,888
4,444,489
Epic Games, Inc. (a)(b)(c)
 
14,010
8,724,868
Meta Platforms, Inc. Class A (a)
 
8,955,277
2,688,463,700
 
 
 
4,031,441,225
Media - 0.0%
 
 
 
Comcast Corp. Class A
 
63,879
2,832,395
Wireless Telecommunication Services - 0.0%
 
 
 
T-Mobile U.S., Inc.
 
25,696
3,598,725
TOTAL COMMUNICATION SERVICES
 
 
4,531,758,332
CONSUMER DISCRETIONARY - 9.4%
 
 
 
Automobiles - 0.4%
 
 
 
BYD Co. Ltd. (H Shares)
 
563,518
17,362,117
General Motors Co.
 
168,826
5,566,193
Hyundai Motor Co. Ltd.
 
187,700
26,480,400
Li Auto, Inc. ADR (a)
 
241,033
8,592,826
Rad Power Bikes, Inc. (a)(b)(c)
 
331,574
222,155
Rivian Automotive, Inc. (a)
 
103,113
2,503,584
Tesla, Inc. (a)
 
63,163
15,804,646
Toyota Motor Corp.
 
851,670
15,279,240
 
 
 
91,811,161
Broadline Retail - 5.3%
 
 
 
Amazon.com, Inc. (a)
 
10,156,775
1,291,129,238
Coupang, Inc. Class A (a)(d)
 
2,508,390
42,642,630
Dollarama, Inc.
 
129,642
8,932,007
MercadoLibre, Inc. (a)
 
18,745
23,766,411
 
 
 
1,366,470,286
Diversified Consumer Services - 0.0%
 
 
 
Duolingo, Inc. (a)
 
16,275
2,699,534
Hotels, Restaurants & Leisure - 1.4%
 
 
 
Airbnb, Inc. Class A (a)
 
963,817
132,245,331
Booking Holdings, Inc. (a)
 
13,265
40,908,597
Cava Group, Inc. (d)
 
130,358
3,992,866
Chipotle Mexican Grill, Inc. (a)
 
19,573
35,854,409
Deliveroo PLC Class A (a)(e)
 
8,755,350
12,776,153
Domino's Pizza, Inc.
 
19,656
7,445,496
Doordash, Inc. (a)
 
304
24,159
Evolution AB (e)
 
51,409
5,206,046
Hilton Worldwide Holdings, Inc.
 
364,367
54,720,636
Marriott International, Inc. Class A
 
57,434
11,289,227
McDonald's Corp.
 
109,050
28,728,132
Penn Entertainment, Inc. (a)
 
98,278
2,255,480
Restaurant Brands International, Inc.
 
149,519
9,956,925
 
 
 
345,403,457
Household Durables - 0.3%
 
 
 
D.R. Horton, Inc.
 
188,576
20,266,263
Lennar Corp. Class A
 
563,293
63,218,373
Mohawk Industries, Inc. (a)
 
36,966
3,172,052
PulteGroup, Inc.
 
5,072
375,582
 
 
 
87,032,270
Leisure Products - 0.0%
 
 
 
Bandai Namco Holdings, Inc.
 
48,334
983,137
Sega Sammy Holdings, Inc.
 
124,946
2,306,785
 
 
 
3,289,922
Specialty Retail - 1.6%
 
 
 
Abercrombie & Fitch Co. Class A (a)
 
21,997
1,239,971
Academy Sports & Outdoors, Inc.
 
632,097
29,879,225
Dick's Sporting Goods, Inc.
 
389,230
42,262,593
Fanatics, Inc. Class A (a)(b)(c)
 
332,480
25,541,114
Fast Retailing Co. Ltd.
 
27,229
5,930,890
O'Reilly Automotive, Inc. (a)
 
93,774
85,227,438
The Home Depot, Inc.
 
192,152
58,060,648
TJX Companies, Inc.
 
656,707
58,368,118
Ulta Beauty, Inc. (a)
 
14,825
5,921,846
Wayfair LLC Class A (a)
 
11,222
679,717
Williams-Sonoma, Inc. (d)
 
531,306
82,564,952
 
 
 
395,676,512
Textiles, Apparel & Luxury Goods - 0.4%
 
 
 
Deckers Outdoor Corp. (a)
 
22,930
11,788,084
Dr. Martens Ltd.
 
212,640
366,592
lululemon athletica, Inc. (a)
 
16,564
6,387,244
NIKE, Inc. Class B
 
471,867
45,119,923
On Holding AG (a)
 
1,388,018
38,614,661
Ralph Lauren Corp. (d)
 
21,967
2,550,149
Tapestry, Inc.
 
173,869
4,998,734
 
 
 
109,825,387
TOTAL CONSUMER DISCRETIONARY
 
 
2,402,208,529
CONSUMER STAPLES - 2.6%
 
 
 
Beverages - 0.8%
 
 
 
Anheuser-Busch InBev SA NV
 
125,680
6,967,218
Constellation Brands, Inc. Class A (sub. vtg.)
 
39,861
10,018,265
Fomento Economico Mexicano S.A.B. de CV sponsored ADR
 
22,421
2,447,252
PepsiCo, Inc.
 
549,869
93,169,803
The Coca-Cola Co.
 
1,756,302
98,317,786
 
 
 
210,920,324
Consumer Staples Distribution & Retail - 1.4%
 
 
 
Alimentation Couche-Tard, Inc. Class A (multi-vtg.)
 
392,562
19,936,629
Casey's General Stores, Inc.
 
77,197
20,960,529
Costco Wholesale Corp.
 
558,894
315,752,754
Walmart, Inc.
 
304
48,619
 
 
 
356,698,531
Food Products - 0.2%
 
 
 
Mondelez International, Inc.
 
599,387
41,597,458
Personal Care Products - 0.2%
 
 
 
Estee Lauder Companies, Inc. Class A
 
38,804
5,609,118
Kenvue, Inc.
 
383,988
7,710,479
L'Oreal SA
 
42,626
17,664,730
L'Oreal SA (a)
 
56,282
23,323,942
Oddity Tech Ltd. (d)
 
42,141
1,194,697
Olaplex Holdings, Inc. (a)
 
1,526,777
2,977,215
 
 
 
58,480,181
TOTAL CONSUMER STAPLES
 
 
667,696,494
ENERGY - 4.6%
 
 
 
Energy Equipment & Services - 0.0%
 
 
 
Schlumberger Ltd.
 
43,000
2,506,900
Oil, Gas & Consumable Fuels - 4.6%
 
 
 
Birchcliff Energy Ltd. (d)
 
240,003
1,367,659
Cameco Corp.
 
161,501
6,401,900
Canadian Natural Resources Ltd.
 
1,328,124
85,891,708
Cheniere Energy, Inc.
 
294,368
48,853,313
Chevron Corp.
 
493,630
83,235,891
ConocoPhillips Co.
 
1,591,821
190,700,156
Diamondback Energy, Inc.
 
50,800
7,867,904
EOG Resources, Inc.
 
569,353
72,171,186
Exxon Mobil Corp.
 
3,056,181
359,345,762
Hess Corp.
 
804,329
123,062,337
Marathon Petroleum Corp.
 
47,026
7,116,915
Occidental Petroleum Corp. (d)
 
1,326,320
86,051,642
Pioneer Natural Resources Co.
 
128,062
29,396,632
PrairieSky Royalty Ltd.
 
291,343
5,353,890
Reliance Industries Ltd.
 
164,882
4,656,450
Suncor Energy, Inc.
 
182,925
6,290,761
Tourmaline Oil Corp.
 
124,671
6,273,707
Valero Energy Corp.
 
390,006
55,267,750
 
 
 
1,179,305,563
TOTAL ENERGY
 
 
1,181,812,463
FINANCIALS - 14.5%
 
 
 
Banks - 2.1%
 
 
 
AIB Group PLC
 
835,025
3,760,857
Banco Santander SA (Spain)
 
3,601,955
13,716,492
Bank of America Corp.
 
4,926,679
134,892,471
Bank of Ireland Group PLC
 
1,093,758
10,742,730
East West Bancorp, Inc.
 
52,142
2,748,405
First Citizens Bancshares, Inc.
 
10,783
14,881,618
JPMorgan Chase & Co.
 
1,461,117
211,891,187
Nu Holdings Ltd. (a)
 
2,239,188
16,234,113
Royal Bank of Canada
 
938,447
82,012,633
Starling Bank Ltd. Series D (a)(b)(c)
 
4,139,223
16,817,386
Wells Fargo & Co.
 
789,291
32,250,430
 
 
 
539,948,322
Capital Markets - 0.6%
 
 
 
BlackRock, Inc. Class A
 
2,518
1,627,862
Brookfield Asset Management Ltd.:
 
 
 
 Class A
 
14,106
470,044
 Class A
 
151,826
5,061,879
Brookfield Corp. (Canada) Class A (d)
 
98,706
3,086,357
Coinbase Global, Inc. (a)(d)
 
166,766
12,520,791
Goldman Sachs Group, Inc.
 
5,041
1,631,116
London Stock Exchange Group PLC
 
114,400
11,465,847
Morgan Stanley
 
1,088,074
88,863,004
MSCI, Inc.
 
21,705
11,136,401
TulCo LLC (a)(b)(c)(f)
 
1,552
1,270,048
UBS Group AG
 
428,544
10,622,891
 
 
 
147,756,240
Consumer Finance - 0.2%
 
 
 
American Express Co.
 
268,538
40,063,184
Financial Services - 10.0%
 
 
 
Berkshire Hathaway, Inc. Class A (a)
 
3,938
2,092,956,426
MasterCard, Inc. Class A
 
147,473
58,386,035
PayPal Holdings, Inc. (a)
 
87,258
5,101,103
Visa, Inc. Class A
 
1,772,709
407,740,797
 
 
 
2,564,184,361
Insurance - 1.6%
 
 
 
American International Group, Inc.
 
1,249,475
75,718,185
Aon PLC
 
20,953
6,793,382
Arthur J. Gallagher & Co.
 
180,293
41,094,183
Chubb Ltd.
 
236,987
49,335,954
Fairfax Financial Holdings Ltd. (sub. vtg.)
 
40,170
32,791,674
Intact Financial Corp.
 
266,654
38,875,630
Marsh & McLennan Companies, Inc.
 
212,720
40,480,616
Progressive Corp.
 
665,106
92,649,266
The Travelers Companies, Inc.
 
275,311
44,961,039
 
 
 
422,699,929
TOTAL FINANCIALS
 
 
3,714,652,036
HEALTH CARE - 12.9%
 
 
 
Biotechnology - 4.2%
 
 
 
Alnylam Pharmaceuticals, Inc. (a)
 
45,034
7,975,521
Argenx SE (a)
 
5,312
2,596,652
Argenx SE ADR (a)
 
121,213
59,591,947
Arrowhead Pharmaceuticals, Inc. (a)
 
77,863
2,092,179
Exact Sciences Corp. (a)
 
33,380
2,277,184
Galapagos NV sponsored ADR (a)
 
330,351
11,413,627
Gilead Sciences, Inc.
 
290,538
21,772,918
Intellia Therapeutics, Inc. (a)
 
45,866
1,450,283
Krystal Biotech, Inc. (a)
 
13,302
1,543,032
Legend Biotech Corp. ADR (a)
 
275,786
18,524,546
Moonlake Immunotherapeutics (a)
 
106,211
6,054,027
Recursion Pharmaceuticals, Inc. (a)(d)
 
718,968
5,500,105
Regeneron Pharmaceuticals, Inc. (a)
 
680,310
559,867,918
Roivant Sciences Ltd. (a)
 
455,565
5,320,999
Sarepta Therapeutics, Inc. (a)
 
23,794
2,884,309
United Therapeutics Corp. (a)
 
150,106
33,904,442
Vertex Pharmaceuticals, Inc. (a)
 
899,222
312,695,458
Zai Lab Ltd. (a)
 
947,134
2,317,713
 
 
 
1,057,782,860
Health Care Equipment & Supplies - 0.7%
 
 
 
Alcon, Inc.
 
62,600
4,823,956
Boston Scientific Corp. (a)
 
907,702
47,926,666
Intuitive Surgical, Inc. (a)
 
362,083
105,833,240
Straumann Holding AG
 
53,462
6,845,192
Stryker Corp.
 
46,177
12,618,789
 
 
 
178,047,843
Health Care Providers & Services - 3.5%
 
 
 
23andMe Holding Co. Class A (a)
 
520,405
508,800
Cencora, Inc.
 
44,363
7,984,009
HCA Holdings, Inc.
 
50,110
12,326,058
UnitedHealth Group, Inc.
 
1,730,664
872,583,482
 
 
 
893,402,349
Health Care Technology - 0.0%
 
 
 
Schrodinger, Inc. (a)(d)
 
84,449
2,387,373
Life Sciences Tools & Services - 0.3%
 
 
 
Danaher Corp.
 
185,461
46,012,874
Lonza Group AG
 
22
10,176
Medpace Holdings, Inc. (a)
 
2,766
669,732
Mettler-Toledo International, Inc. (a)
 
18,763
20,790,717
Thermo Fisher Scientific, Inc.
 
14,312
7,244,305
Veterinary Emergency Group LLC Class A (a)(b)(c)(f)
 
185,166
9,089,799
 
 
 
83,817,603
Pharmaceuticals - 4.2%
 
 
 
Eli Lilly & Co.
 
1,402,383
753,261,981
Intra-Cellular Therapies, Inc. (a)
 
132,619
6,908,124
Johnson & Johnson
 
157,973
24,604,295
Merck & Co., Inc.
 
1,940,183
199,741,840
Novo Nordisk A/S Series B
 
243,796
22,197,934
Nuvation Bio, Inc. (a)
 
2,032,038
2,722,931
Royalty Pharma PLC
 
1,697,021
46,057,150
Structure Therapeutics, Inc. ADR
 
99,447
5,014,118
Teva Pharmaceutical Industries Ltd. sponsored ADR (a)
 
281,500
2,871,300
Ventyx Biosciences, Inc. (a)
 
41,667
1,447,095
Verona Pharma PLC ADR (a)
 
92,345
1,505,224
Zoetis, Inc. Class A
 
73,315
12,755,344
 
 
 
1,079,087,336
TOTAL HEALTH CARE
 
 
3,294,525,364
INDUSTRIALS - 5.3%
 
 
 
Aerospace & Defense - 0.8%
 
 
 
Lockheed Martin Corp.
 
238,468
97,523,873
Northrop Grumman Corp.
 
191,823
84,438,566
Space Exploration Technologies Corp. Class A (a)(b)(c)
 
73,000
5,913,000
TransDigm Group, Inc. (a)
 
34,870
29,399,943
 
 
 
217,275,382
Air Freight & Logistics - 0.3%
 
 
 
United Parcel Service, Inc. Class B
 
466,000
72,635,420
Zipline International, Inc. (a)(b)(c)
 
87,466
3,516,133
 
 
 
76,151,553
Building Products - 0.2%
 
 
 
Carrier Global Corp.
 
229,255
12,654,876
Toto Ltd.
 
30,448
785,705
Trane Technologies PLC
 
135,343
27,462,448
 
 
 
40,903,029
Commercial Services & Supplies - 0.3%
 
 
 
Cintas Corp.
 
57,948
27,873,567
Clean Harbors, Inc. (a)
 
165,713
27,733,728
Clean TeQ Water Pty Ltd. (a)(d)
 
533,669
133,818
GFL Environmental, Inc.
 
63,915
2,029,563
Republic Services, Inc.
 
74,359
10,596,901
Waste Connections, Inc. (United States)
 
17,930
2,407,999
 
 
 
70,775,576
Construction & Engineering - 0.0%
 
 
 
Larsen & Toubro Ltd.
 
87,585
3,189,229
Electrical Equipment - 0.7%
 
 
 
AMETEK, Inc.
 
33,807
4,995,322
Eaton Corp. PLC
 
429,415
91,585,631
Hubbell, Inc. Class B
 
172,104
53,939,115
nVent Electric PLC
 
180,966
9,589,388
Regal Rexnord Corp.
 
16,100
2,300,368
Vertiv Holdings Co.
 
364,567
13,561,892
 
 
 
175,971,716
Ground Transportation - 0.6%
 
 
 
Canadian Pacific Kansas City Ltd.
 
851,984
63,328,772
J.B. Hunt Transport Services, Inc.
 
82,670
15,584,948
Old Dominion Freight Lines, Inc.
 
117,784
48,190,146
Uber Technologies, Inc. (a)
 
317,028
14,580,118
Union Pacific Corp.
 
54,818
11,162,589
 
 
 
152,846,573
Industrial Conglomerates - 0.7%
 
 
 
General Electric Co.
 
1,621,171
179,220,454
Machinery - 1.0%
 
 
 
Caterpillar, Inc.
 
143,570
39,194,610
Deere & Co.
 
248,121
93,635,903
Fortive Corp.
 
241,060
17,877,010
Illinois Tool Works, Inc.
 
11,224
2,584,999
Indutrade AB
 
102,545
1,902,501
Ingersoll Rand, Inc.
 
77,832
4,959,455
PACCAR, Inc.
 
955,666
81,250,723
Parker Hannifin Corp.
 
44,370
17,283,002
 
 
 
258,688,203
Passenger Airlines - 0.1%
 
 
 
Copa Holdings SA Class A
 
58,601
5,222,521
Ryanair Holdings PLC sponsored ADR (a)
 
318,986
31,008,629
 
 
 
36,231,150
Professional Services - 0.2%
 
 
 
Thomson Reuters Corp.
 
69,470
8,498,535
Verisk Analytics, Inc.
 
143,562
33,915,087
 
 
 
42,413,622
Trading Companies & Distributors - 0.4%
 
 
 
United Rentals, Inc.
 
63,048
28,029,249
W.W. Grainger, Inc.
 
125,926
87,120,644
 
 
 
115,149,893
TOTAL INDUSTRIALS
 
 
1,368,816,380
INFORMATION TECHNOLOGY - 23.8%
 
 
 
Communications Equipment - 0.5%
 
 
 
Arista Networks, Inc. (a)
 
671,079
123,431,560
Motorola Solutions, Inc.
 
31,663
8,619,935
 
 
 
132,051,495
Electronic Equipment, Instruments & Components - 1.9%
 
 
 
Amphenol Corp. Class A
 
5,440,520
456,949,275
CDW Corp.
 
82,951
16,736,194
Jabil, Inc.
 
185,294
23,511,956
 
 
 
497,197,425
IT Services - 1.1%
 
 
 
Accenture PLC Class A
 
675,463
207,441,442
Cloudflare, Inc. (a)
 
227,869
14,364,862
Gartner, Inc. (a)
 
32,950
11,321,950
MongoDB, Inc. Class A (a)
 
36,305
12,556,447
Okta, Inc. (a)
 
116,719
9,513,766
Shopify, Inc. Class A (a)
 
507,386
27,695,636
X Holdings Corp. Class A (b)(c)
 
102,340
3,614,649
 
 
 
286,508,752
Semiconductors & Semiconductor Equipment - 6.9%
 
 
 
Advanced Micro Devices, Inc. (a)
 
1,655,867
170,256,245
Advantest Corp. (d)
 
226,040
6,305,050
Allegro MicroSystems LLC (a)
 
27,699
884,706
Analog Devices, Inc.
 
569,988
99,799,199
Applied Materials, Inc.
 
131,798
18,247,433
Arm Holdings Ltd. ADR (d)
 
233,000
12,470,160
ASML Holding NV (depository receipt)
 
5,705
3,358,305
Broadcom, Inc.
 
67,817
56,327,444
First Solar, Inc. (a)
 
46,239
7,471,760
Lam Research Corp.
 
3,753
2,352,268
Lattice Semiconductor Corp. (a)
 
558,242
47,969,735
Marvell Technology, Inc.
 
985
53,318
Monolithic Power Systems, Inc.
 
64,793
29,934,366
NVIDIA Corp.
 
2,537,147
1,103,633,574
ON Semiconductor Corp. (a)
 
1,311,605
121,913,685
Qualcomm, Inc.
 
571,449
63,465,126
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR
 
184,622
16,043,652
 
 
 
1,760,486,026
Software - 9.0%
 
 
 
Adobe, Inc. (a)
 
208,934
106,535,447
Atlassian Corp. PLC (a)
 
15,408
3,104,866
Aurora Innovation, Inc. (a)(d)
 
651,762
1,531,641
Aurora Innovation, Inc. (a)(b)
 
2,651,543
6,231,126
Cadence Design Systems, Inc. (a)
 
526,238
123,297,563
Check Point Software Technologies Ltd. (a)
 
107,115
14,276,287
Clear Secure, Inc. (d)
 
442,804
8,430,988
Confluent, Inc. (a)
 
73,091
2,164,225
Dynatrace, Inc. (a)
 
378,778
17,700,296
Fortinet, Inc. (a)
 
570,787
33,493,781
HubSpot, Inc. (a)
 
24,412
12,022,910
Intuit, Inc.
 
24,869
12,706,567
Klaviyo, Inc. Class A (d)
 
61,000
2,104,500
Microsoft Corp.
 
5,283,977
1,668,415,738
Palo Alto Networks, Inc. (a)
 
135,454
31,755,836
Roper Technologies, Inc.
 
14,104
6,830,285
Salesforce, Inc. (a)
 
916,041
185,754,794
Samsara, Inc. (a)
 
22,114
557,494
ServiceNow, Inc. (a)
 
39,693
22,186,799
Stripe, Inc. Class B (a)(b)(c)
 
75,100
1,369,073
Synopsys, Inc. (a)
 
100,163
45,971,812
Tanium, Inc. Class B (a)(b)(c)
 
449,538
3,371,535
ZenPayroll, Inc. (a)(b)(c)
 
50,300
1,787,159
 
 
 
2,311,600,722
Technology Hardware, Storage & Peripherals - 4.4%
 
 
 
Apple, Inc.
 
6,461,907
1,106,343,097
Dell Technologies, Inc.
 
48,565
3,346,129
Samsung Electronics Co. Ltd.
 
50,810
2,562,740
 
 
 
1,112,251,966
TOTAL INFORMATION TECHNOLOGY
 
 
6,100,096,386
MATERIALS - 2.7%
 
 
 
Chemicals - 0.3%
 
 
 
Air Products & Chemicals, Inc.
 
74,540
21,124,636
Linde PLC
 
24,245
9,027,626
Sherwin-Williams Co.
 
66,444
16,946,542
Westlake Corp.
 
168,075
20,953,910
 
 
 
68,052,714
Construction Materials - 0.0%
 
 
 
Eagle Materials, Inc.
 
13,927
2,319,124
Vulcan Materials Co.
 
50,241
10,149,687
 
 
 
12,468,811
Metals & Mining - 2.4%
 
 
 
B2Gold Corp.
 
11,628,066
33,388,152
Barrick Gold Corp. (Canada)
 
460,521
6,689,549
Cleveland-Cliffs, Inc. (a)
 
150,230
2,348,095
Franco-Nevada Corp.
 
1,062,090
141,791,850
Freeport-McMoRan, Inc.
 
2,550,020
95,090,246
Ivanhoe Electric, Inc. (a)
 
1,245,205
14,817,940
Ivanhoe Mines Ltd. (a)
 
12,452,746
106,718,177
Ivanhoe Mines Ltd. (a)(e)
 
1,378,560
11,814,054
Lundin Gold, Inc.
 
88,529
993,976
Novagold Resources, Inc. (a)
 
1,789,017
6,849,172
Nucor Corp. (d)
 
821,761
128,482,332
Steel Dynamics, Inc.
 
537,475
57,628,070
Sunrise Energy Metals Ltd. (a)
 
684,793
339,022
Wheaton Precious Metals Corp.
 
411,550
16,701,370
 
 
 
623,652,005
TOTAL MATERIALS
 
 
704,173,530
REAL ESTATE - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
Colliers International Group, Inc.
 
2,864
272,747
UTILITIES - 0.4%
 
 
 
Electric Utilities - 0.4%
 
 
 
Constellation Energy Corp.
 
600,167
65,466,216
PG&E Corp. (a)
 
1,689,350
27,249,216
 
 
 
92,715,432
Independent Power and Renewable Electricity Producers - 0.0%
 
 
 
Vistra Corp.
 
86,129
2,857,760
TOTAL UTILITIES
 
 
95,573,192
 
TOTAL COMMON STOCKS
 (Cost $16,825,596,812)
 
 
 
24,061,585,453
 
 
 
 
Preferred Stocks - 1.0%
 
 
Shares
Value ($)
 
Convertible Preferred Stocks - 0.9%
 
 
 
COMMUNICATION SERVICES - 0.1%
 
 
 
Interactive Media & Services - 0.1%
 
 
 
ByteDance Ltd. Series E1 (a)(b)(c)
 
80,736
18,863,966
Reddit, Inc.:
 
 
 
  Series E(a)(b)(c)
 
27,300
900,627
  Series F(a)(b)(c)
 
149,136
4,919,997
 
 
 
24,684,590
CONSUMER DISCRETIONARY - 0.0%
 
 
 
Automobiles - 0.0%
 
 
 
Rad Power Bikes, Inc.:
 
 
 
  Series A(a)(b)(c)
 
43,228
28,963
  Series C(a)(b)(c)
 
170,098
272,157
  Series D(a)(b)(c)
 
404,900
1,020,348
 
 
 
1,321,468
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Discord, Inc. Series I (a)(b)(c)
 
2,700
700,245
 
 
 
 
Textiles, Apparel & Luxury Goods - 0.0%
 
 
 
Canva, Inc.:
 
 
 
  Series A(b)(c)
 
3,132
3,340,783
  Series A2(b)(c)
 
568
605,864
 
 
 
3,946,647
TOTAL CONSUMER DISCRETIONARY
 
 
5,968,360
 
 
 
 
CONSUMER STAPLES - 0.0%
 
 
 
Consumer Staples Distribution & Retail - 0.0%
 
 
 
GoBrands, Inc.:
 
 
 
  Series G(a)(b)(c)
 
8,352
565,180
  Series H(a)(b)(c)
 
11,788
797,694
 
 
 
1,362,874
Food Products - 0.0%
 
 
 
Bowery Farming, Inc. Series C1 (a)(b)(c)
 
37,316
157,847
 
 
 
 
TOTAL CONSUMER STAPLES
 
 
1,520,721
 
 
 
 
FINANCIALS - 0.0%
 
 
 
Financial Services - 0.0%
 
 
 
Acrisure Holdings, Inc. Series B (a)(b)(c)
 
57,282
1,530,575
Circle Internet Financial Ltd. Series F (a)(b)(c)
 
118,667
2,552,527
 
 
 
4,083,102
HEALTH CARE - 0.1%
 
 
 
Biotechnology - 0.0%
 
 
 
ElevateBio LLC Series C (a)(b)(c)
 
486,500
1,868,160
 
 
 
 
Health Care Providers & Services - 0.1%
 
 
 
Lyra Health, Inc.:
 
 
 
  Series E(a)(b)(c)
 
190,800
2,734,164
  Series F(a)(b)(c)
 
11,519
165,067
Somatus, Inc. Series E (a)(b)(c)
 
2,766
2,830,780
 
 
 
5,730,011
TOTAL HEALTH CARE
 
 
7,598,171
 
 
 
 
INDUSTRIALS - 0.6%
 
 
 
Aerospace & Defense - 0.5%
 
 
 
Relativity Space, Inc.:
 
 
 
  Series D(a)(b)(c)
 
207,384
3,929,927
  Series E(a)(b)(c)
 
143,887
3,043,210
Space Exploration Technologies Corp.:
 
 
 
  Series G(a)(b)(c)
 
11,832
9,583,920
  Series J(b)(c)
 
79,868
64,693,080
  Series N(a)(b)(c)
 
49,490
40,086,900
 
 
 
121,337,037
Air Freight & Logistics - 0.1%
 
 
 
Zipline International, Inc.:
 
 
 
  Series E(a)(b)(c)
 
178,019
7,156,364
  Series F(c)
 
286,824
11,530,325
 
 
 
18,686,689
Construction & Engineering - 0.0%
 
 
 
Beta Technologies, Inc. Series B, 6.00% (a)(b)(c)
 
47,990
5,266,903
 
 
 
 
TOTAL INDUSTRIALS
 
 
145,290,629
 
 
 
 
INFORMATION TECHNOLOGY - 0.1%
 
 
 
Software - 0.1%
 
 
 
ASAPP, Inc. Series C (a)(b)(c)
 
204,122
500,099
Carbon, Inc.:
 
 
 
  Series D(a)(b)(c)
 
9,678
95,038
  Series E(a)(b)(c)
 
7,351
86,080
Moloco, Inc. Series A (b)(c)
 
95,881
5,752,860
Nuro, Inc.:
 
 
 
  Series C(a)(b)(c)
 
405,967
2,354,609
  Series D(a)(b)(c)
 
114,603
664,697
Stripe, Inc.:
 
 
 
  Series H(a)(b)(c)
 
29,000
528,670
  Series I(b)(c)
 
321,951
5,869,167
Tenstorrent, Inc. Series C1 (a)(b)(c)
 
33,000
1,831,170
ZenPayroll, Inc.:
 
 
 
  Series D(a)(b)(c)
 
184,203
6,544,733
  Series E(a)(b)(c)
 
28,063
997,078
 
 
 
25,224,201
MATERIALS - 0.0%
 
 
 
Metals & Mining - 0.0%
 
 
 
High Power Exploration, Inc. Series A (a)(b)(c)
 
1,289,012
5,349,400
 
 
 
 
TOTAL CONVERTIBLE PREFERRED STOCKS
 
 
219,719,174
Nonconvertible Preferred Stocks - 0.1%
 
 
 
ENERGY - 0.1%
 
 
 
Oil, Gas & Consumable Fuels - 0.1%
 
 
 
Petroleo Brasileiro SA - Petrobras sponsored ADR
 
1,938,825
29,062,987
 
 
 
 
FINANCIALS - 0.0%
 
 
 
Financial Services - 0.0%
 
 
 
Circle Internet Financial Ltd. Series E (a)(b)(c)
 
175,323
3,771,198
 
 
 
 
TOTAL NONCONVERTIBLE PREFERRED STOCKS
 
 
32,834,185
 
TOTAL PREFERRED STOCKS
 (Cost $230,850,744)
 
 
 
252,553,359
 
 
 
 
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
1,716,720
 
 
 
 
Money Market Funds - 5.6%
 
 
Shares
Value ($)
 
Fidelity Cash Central Fund 5.39% (i)
 
1,292,562,700
1,292,821,213
Fidelity Securities Lending Cash Central Fund 5.39% (i)(j)
 
139,543,876
139,557,830
 
TOTAL MONEY MARKET FUNDS
 (Cost $1,432,378,049)
 
 
1,432,379,043
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 100.5%
 (Cost $18,490,665,605)
 
 
 
25,748,234,575
NET OTHER ASSETS (LIABILITIES) - (0.5)%  
(125,544,160)
NET ASSETS - 100.0%
25,622,690,415
 
 
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 $301,144,812 or 1.2% of net assets.
 
(c)
Level 3 security
 
(d)
Security or a portion of the security is on loan at period end.
 
(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 $29,796,253 or 0.1% 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
 
 
 
Aurora Innovation, Inc.
7/18/23
7,159,166
 
 
 
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
 
 
 
Canva, Inc. Series A
9/22/23
3,340,783
 
 
 
Canva, Inc. Series A2
9/22/23
605,864
 
 
 
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
 
 
 
Moloco, Inc. Series A
6/26/23
5,752,860
 
 
 
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 G
9/07/23
9,583,920
 
 
 
Space Exploration Technologies Corp. Series J
9/07/23
64,693,080
 
 
 
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 - 5/12/23
6,482,206
 
 
 
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
714,122
 
 
 
Veterinary Emergency Group LLC Class A
9/16/21 - 12/16/22
7,199,407
 
 
 
X Holdings Corp. Class A
10/25/22
10,234,000
 
 
 
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 5.39%
962,008,110
3,912,274,647
3,581,461,544
31,667,372
-
-
1,292,821,213
3.1%
Fidelity Securities Lending Cash Central Fund 5.39%
120,547,595
1,183,364,161
1,164,353,926
214,651
-
-
139,557,830
0.5%
Total
1,082,555,705
5,095,638,808
4,745,815,470
31,882,023
-
-
1,432,379,043
 
 
 
 
 
 
 
 
 
 
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
 
Amounts in the dividend income column 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.
 
Securities, including private placements or other restricted securities, for which observable inputs are not available are valued using alternate valuation approaches, including the market approach, the income approach and cost approach, and are categorized as Level 3 in the hierarchy. The market approach considers factors including the price of recent investments in the same or a similar security or financial metrics of comparable securities. The income approach considers factors including expected future cash flows, security specific risks and corresponding discount rates. The cost approach considers factors including the value of the security's underlying assets and liabilities.
 
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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