0001752724-20-143513.txt : 20200724 0001752724-20-143513.hdr.sgml : 20200724 20200724083719 ACCESSION NUMBER: 0001752724-20-143513 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: 201045222 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 S000007469 Materials Portfolio C000020443 Materials Portfolio FSDPX C000040626 Fidelity Advisor Materials Fund: Class A FMFAX C000040628 Fidelity Advisor Materials Fund: Class C FMFCX C000040629 Fidelity Advisor Materials Fund: Class M FMFTX 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CKDHZ2X64EEBQCSP7013 FMC CORP NEW 302491303 127517.00000000 NS USD 12548947.97000000 1.912803008158 Long EC CORP US N 1 N N N VULCAN MATERIALS CO 549300Q8LSNHAVWBNI21 VULCAN MATERIALS CO 929160109 211700.00000000 NS USD 22931344.00000000 3.495364224090 Long EC CORP US N 1 N N N CF INDS HLDGS INC 529900CG8YAQFZ2JMV97 CF INDUSTRIES HOLDINGS INC 125269100 224800.00000000 NS USD 6602376.00000000 1.006382742520 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_509_20200531.htm

Quarterly Holdings Report
for

Fidelity® Select Portfolio®

Materials Portfolio

May 31, 2020







IND-QTLY-0720
1.802177.116





Schedule of Investments May 31, 2020 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.6%   
 Shares Value 
Chemicals - 58.9%   
Commodity Chemicals - 2.1%   
Tronox Holdings PLC 2,040,703 $13,550,268 
Fertilizers & Agricultural Chemicals - 5.6%   
CF Industries Holdings, Inc. 224,800 6,602,376 
Corteva, Inc. 333,611 9,110,916 
FMC Corp. 127,517 12,548,948 
Nutrien Ltd. 179,200 6,092,800 
The Mosaic Co. 193,800 2,343,042 
  36,698,082 
Industrial Gases - 23.5%   
Air Products & Chemicals, Inc. 182,800 44,173,620 
Linde PLC 541,986 109,665,448 
  153,839,068 
Specialty Chemicals - 27.7%   
Albemarle Corp. U.S. (a) 80,000 6,121,600 
Ashland Global Holdings, Inc. 60,800 4,083,328 
Balchem Corp. 30,600 3,079,890 
DuPont de Nemours, Inc. 622,311 31,569,837 
Ecolab, Inc. (a) 222,900 47,384,082 
Ingevity Corp. (a)(b) 32,900 1,732,843 
Innospec, Inc. 76,300 5,881,967 
International Flavors & Fragrances, Inc. (a) 53,431 7,116,475 
Livent Corp. (a)(b) 347,997 2,345,500 
PPG Industries, Inc. 172,300 17,517,741 
RPM International, Inc. 111,200 8,315,536 
Sherwin-Williams Co. 69,800 41,450,730 
Stepan Co. 19,600 1,904,336 
Wacker Chemie AG 50,800 3,168,021 
  181,671,886 
TOTAL CHEMICALS  385,759,304 
Construction Materials - 8.6%   
Construction Materials - 8.6%   
Martin Marietta Materials, Inc. 157,700 30,292,593 
Summit Materials, Inc. (b) 228,800 3,475,472 
Vulcan Materials Co. 211,700 22,931,344 
  56,699,409 
Containers & Packaging - 11.6%   
Metal & Glass Containers - 9.1%   
Aptargroup, Inc. 137,800 15,349,542 
Ball Corp. 273,700 19,503,862 
Crown Holdings, Inc. (b) 376,859 24,657,884 
  59,511,288 
Paper Packaging - 2.5%   
Avery Dennison Corp. 93,600 10,358,712 
Packaging Corp. of America 58,400 5,922,344 
  16,281,056 
TOTAL CONTAINERS & PACKAGING  75,792,344 
Metals & Mining - 20.5%   
Aluminum - 0.1%   
Kaiser Aluminum Corp. 6,800 487,900 
Copper - 4.4%   
First Quantum Minerals Ltd. 2,271,400 13,313,141 
Freeport-McMoRan, Inc. 332,400 3,014,868 
Lundin Mining Corp. 2,689,700 12,385,298 
  28,713,307 
Diversified Metals & Mining - 1.5%   
MMC Norilsk Nickel PJSC sponsored ADR 321,700 10,078,861 
Gold - 11.9%   
Agnico Eagle Mines Ltd. (Canada) 162,100 10,371,056 
Newmont Corp. 792,200 46,319,934 
Royal Gold, Inc. 63,400 8,444,880 
Wheaton Precious Metals Corp. 305,500 13,162,116 
  78,297,986 
Steel - 2.6%   
Allegheny Technologies, Inc. (a)(b) 54,800 475,664 
Commercial Metals Co. 227,700 3,907,332 
Reliance Steel & Aluminum Co. 78,300 7,595,100 
Steel Dynamics, Inc. 178,800 4,748,928 
  16,727,024 
TOTAL METALS & MINING  134,305,078 
TOTAL COMMON STOCKS   
(Cost $589,731,341)  652,556,135 
Money Market Funds - 2.0%   
Fidelity Cash Central Fund 0.11% (c) 2,763,818 2,764,371 
Fidelity Securities Lending Cash Central Fund 0.10% (c)(d) 10,348,445 10,349,480 
TOTAL MONEY MARKET FUNDS   
(Cost $13,113,851)  13,113,851 
TOTAL INVESTMENT IN SECURITIES - 101.6%   
(Cost $602,845,192)  665,669,986 
NET OTHER ASSETS (LIABILITIES) - (1.6)%  (10,455,959) 
NET ASSETS - 100%  $655,214,027 

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 $3,989 
Fidelity Securities Lending Cash Central Fund 11,400 
Total $15,389 

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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