0001752724-20-143473.txt : 20200724 0001752724-20-143473.hdr.sgml : 20200724 20200724083402 ACCESSION NUMBER: 0001752724-20-143473 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20200531 FILED AS OF DATE: 20200724 PERIOD START: 20210228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY SELECT PORTFOLIOS CENTRAL INDEX KEY: 0000320351 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-03114 FILM NUMBER: 201045179 BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 617-563-7000 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 0000320351 S000007475 Banking Portfolio C000020449 Banking Portfolio FSRBX NPORT-P 1 primary_doc.xml NPORT-P false 0000320351 XXXXXXXX S000007475 C000020449 Fidelity Select Portfolios 811-03114 0000320351 Z57125JG1LHEQKDYS630 245 Summer Street Boston 02210 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USD 2991791.16000000 1.034689615059 Long EC CORP US N 1 N N N SLM CORP 4K8SLPBF5DXXGPW03H93 SLM CORP 78442P106 461400.00000000 NS USD 3497412.00000000 1.209554973076 Long EC CORP US N 1 N N N HEARTLAND FINANCIAL USA INC 549300QF7B0DFZT32C73 HEARTLAND FINANCIAL USA INC 42234Q102 89400.00000000 NS USD 2861694.00000000 0.989696441003 Long EC CORP US N 1 N N N RADIAN GROUP INC 54930005OUP720S5U385 RADIAN GROUP INC 750236101 161736.00000000 NS USD 2568367.68000000 0.888251627212 Long EC CORP US N 1 N N N BANK OZK 549300UULWC5CKW0VZ48 BANK OZK 06417N103 262500.00000000 NS USD 5903625.00000000 2.041726561791 Long EC CORP US N 1 N N UNIVEST FINANCIAL CORP 4WII2HCR8UEWNU03U507 UNIVEST FINANCIAL CORP 915271100 144700.00000000 NS USD 2378868.00000000 0.822714515673 Long EC CORP US N 1 N N N 2020-06-30 Stacie M. Smith Stacie M. Smith Stacie M. Smith President and Treasurer XXXX NPORT-EX 2 QTLY_507_20200531.htm

Quarterly Holdings Report
for

Fidelity® Select Portfolio®

Banking Portfolio

May 31, 2020







BAN-QTLY-0720
1.802155.116





Schedule of Investments May 31, 2020 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.0%   
 Shares Value 
Banks - 82.9%   
Diversified Banks - 22.4%   
Bank of America Corp. 1,070,576 $25,822,295 
Citigroup, Inc. 372,900 17,865,639 
Wells Fargo & Co. 788,692 20,876,677 
  64,564,611 
Regional Banks - 60.5%   
1st Source Corp. 72,360 2,502,932 
Amalgamated Bank 56,500 634,495 
American National Bankshares, Inc. 112,286 2,791,430 
Ameris Bancorp 96,560 2,339,649 
Associated Banc-Corp. 361,400 5,063,214 
Bank OZK (a) 262,500 5,903,625 
BayCom Corp. (b) 86,882 1,145,105 
BOK Financial Corp. (a) 83,400 4,248,396 
Cadence Bancorp Class A 616,528 4,975,381 
Camden National Corp. 20,232 678,581 
Comerica, Inc. 140,100 5,092,635 
Community Trust Bancorp, Inc. 105,176 3,453,980 
ConnectOne Bancorp, Inc. 92,300 1,353,118 
Cullen/Frost Bankers, Inc. 59,000 4,482,230 
East West Bancorp, Inc. 214,100 7,482,795 
First Citizens Bancshares, Inc. 1,600 616,000 
First Hawaiian, Inc. 36,100 622,725 
First Horizon National Corp. 668,000 6,245,800 
First Interstate Bancsystem, Inc. 189,500 5,921,875 
Great Western Bancorp, Inc. (a) 259,700 3,698,128 
Heartland Financial U.S.A., Inc. 89,400 2,861,694 
Hilltop Holdings, Inc. 127,800 2,388,582 
Huntington Bancshares, Inc. 948,100 8,428,609 
KeyCorp 528,500 6,262,725 
Lakeland Financial Corp. (a) 83,900 3,581,691 
M&T Bank Corp. 54,600 5,769,036 
PacWest Bancorp 172,836 2,991,791 
PNC Financial Services Group, Inc. 32,700 3,729,108 
Preferred Bank, Los Angeles 75,695 2,843,861 
Regions Financial Corp. 560,200 6,335,862 
Sierra Bancorp (a) 80,900 1,524,156 
Signature Bank 70,690 7,274,708 
Trico Bancshares 103,387 2,933,089 
Truist Financial Corp. 508,350 18,697,113 
UMB Financial Corp. 121,966 6,254,416 
Univest Corp. of Pennsylvania 144,700 2,378,868 
WesBanco, Inc. 271,500 5,815,530 
Wintrust Financial Corp. 202,500 8,577,900 
Zions Bancorp NA 211,450 6,957,762 
  174,858,595 
TOTAL BANKS  239,423,206 
Capital Markets - 3.2%   
Asset Management & Custody Banks - 3.2%   
Bank of New York Mellon Corp. 54,400 2,022,048 
Northern Trust Corp. 26,800 2,117,468 
State Street Corp. 85,100 5,187,696 
  9,327,212 
Consumer Finance - 6.1%   
Consumer Finance - 6.1%   
Capital One Financial Corp. 120,100 8,171,604 
Discover Financial Services 69,600 3,306,696 
OneMain Holdings, Inc. 111,600 2,603,628 
SLM Corp. 461,400 3,497,412 
  17,579,340 
IT Services - 0.5%   
Data Processing & Outsourced Services - 0.5%   
Computer Services, Inc. 30,000 1,498,200 
Thrifts & Mortgage Finance - 6.3%   
Thrifts & Mortgage Finance - 6.3%   
Essent Group Ltd. 223,929 7,400,853 
MGIC Investment Corp. 412,200 3,384,162 
NMI Holdings, Inc. (b) 315,102 4,841,542 
Radian Group, Inc. 161,736 2,568,368 
  18,194,925 
TOTAL COMMON STOCKS   
(Cost $342,400,550)  286,022,883 
Money Market Funds - 4.3%   
Fidelity Cash Central Fund 0.11% (c) 3,345,291 3,345,960 
Fidelity Securities Lending Cash Central Fund 0.10% (c)(d) 9,267,594 9,268,521 
TOTAL MONEY MARKET FUNDS   
(Cost $12,614,481)  12,614,481 
TOTAL INVESTMENT IN SECURITIES - 103.3%   
(Cost $355,015,031)  298,637,364 
NET OTHER ASSETS (LIABILITIES) - (3.3)%  (9,651,455) 
NET ASSETS - 100%  $288,985,909 

Legend

 (a) Security or a portion of the security is on loan at period end.

 (b) Non-income producing

 (c) 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.

 (d) Investment made with cash collateral received from securities on loan.

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $1,496 
Fidelity Securities Lending Cash Central Fund 2,647 
Total $4,143 

Amounts in the income column in the above table include any capital gain distributions from underlying funds. Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.

Investment Valuation

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy. 

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

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