0001752724-21-152628.txt : 20210722 0001752724-21-152628.hdr.sgml : 20210722 20210722100305 ACCESSION NUMBER: 0001752724-21-152628 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210531 FILED AS OF DATE: 20210722 PERIOD START: 20220228 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: 211106364 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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Smith Stacie M. Smith Stacie M. Smith President and Treasurer XXXX NPORT-EX 2 QTLY_507_20210531.htm

Quarterly Holdings Report
for

Fidelity® Select Portfolio®

Banking Portfolio

May 31, 2021







BAN-QTLY-0721
1.802155.117





Schedule of Investments May 31, 2021 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.2%   
 Shares Value 
Banks - 84.2%   
Diversified Banks - 22.0%   
Bank of America Corp. 993,176 $42,100,731 
Citigroup, Inc. 477,200 37,560,412 
Piraeus Financial Holdings SA (a) 330,200 604,396 
U.S. Bancorp 731,300 44,448,413 
Wells Fargo & Co. 821,992 38,403,466 
  163,117,418 
Regional Banks - 62.2%   
1st Source Corp. 198,681 9,828,749 
Amalgamated Financial Corp. 40,100 652,427 
American National Bankshares, Inc. 204,486 7,091,574 
Ameris Bancorp 159,260 8,749,744 
Associated Banc-Corp. 681,500 15,667,685 
Bank OZK 372,500 15,909,475 
BayCom Corp. (a) 49,682 920,111 
BOK Financial Corp. 192,800 17,552,512 
Cadence Bancorp Class A 633,828 14,185,071 
Camden National Corp. 9,632 458,676 
Comerica, Inc. 161,400 12,668,286 
Community Trust Bancorp, Inc. 184,476 8,150,150 
ConnectOne Bancorp, Inc. 161,400 4,469,166 
Cullen/Frost Bankers, Inc. 12,500 1,508,875 
East West Bancorp, Inc. 241,000 18,021,980 
Eastern Bankshares, Inc. 165,500 3,707,200 
First Citizens Bancshares, Inc. 1,600 1,376,960 
First Horizon National Corp. 1,301,400 24,817,698 
First Interstate Bancsystem, Inc. 175,888 8,279,048 
First Midwest Bancorp, Inc., Delaware 427,700 8,951,761 
Great Western Bancorp, Inc. 400,062 13,386,075 
Heartland Financial U.S.A., Inc. 281,400 13,999,650 
Hilltop Holdings, Inc. 85,600 3,180,040 
Huntington Bancshares, Inc. 1,205,300 19,116,058 
KeyCorp 1,044,500 24,065,280 
Lakeland Financial Corp. 80,100 4,942,971 
M&T Bank Corp. 115,800 18,607,902 
PacWest Bancorp 382,936 17,297,219 
Peoples United Financial, Inc. 689,500 13,038,445 
PNC Financial Services Group, Inc. 222,300 43,277,364 
Preferred Bank, Los Angeles 146,295 9,990,486 
Sierra Bancorp 143,700 3,983,364 
Signature Bank 65,390 16,331,153 
Trico Bancshares 106,187 5,091,667 
Truist Financial Corp. 109,300 6,752,554 
UMB Financial Corp. 100,166 9,687,054 
Univest Corp. of Pennsylvania 315,200 9,191,232 
WesBanco, Inc. 405,700 15,789,844 
Wintrust Financial Corp. 173,800 13,976,996 
Zions Bancorp NA 277,850 16,081,958 
  460,754,460 
TOTAL BANKS  623,871,878 
Capital Markets - 4.4%   
Asset Management & Custody Banks - 4.4%   
Bank of New York Mellon Corp. 245,500 12,785,640 
Northern Trust Corp. 29,200 3,538,748 
State Street Corp. 183,600 15,969,528 
  32,293,916 
Consumer Finance - 3.4%   
Consumer Finance - 3.4%   
Capital One Financial Corp. 117,200 18,843,416 
OneMain Holdings, Inc. 113,400 6,559,056 
  25,402,472 
IT Services - 0.2%   
Data Processing & Outsourced Services - 0.2%   
Computer Services, Inc. 30,000 1,800,000 
Thrifts & Mortgage Finance - 7.0%   
Thrifts & Mortgage Finance - 7.0%   
Essent Group Ltd. 349,329 16,711,899 
MGIC Investment Corp. 1,235,500 18,186,560 
NMI Holdings, Inc. (a) 377,302 9,126,935 
Radian Group, Inc. 345,836 8,075,271 
  52,100,665 
TOTAL COMMON STOCKS   
(Cost $533,547,148)  735,468,931 
Money Market Funds - 0.7%   
Fidelity Cash Central Fund 0.03% (b)   
(Cost $4,780,754) 4,779,799 4,780,754 
TOTAL INVESTMENT IN SECURITIES - 99.9%   
(Cost $538,327,902)  740,249,685 
NET OTHER ASSETS (LIABILITIES) - 0.1%  989,706 
NET ASSETS - 100%  $741,239,391 

Legend

 (a) Non-income producing

 (b) 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.

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 $587 
Total $587 

Amounts in the income column in the above table include any capital gain distributions from underlying funds.

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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