Quarterly Holdings Report
for

Fidelity® Select Portfolio®

Wireless Portfolio

May 31, 2021

WIR-QTLY-0721
1.802194.117

Schedule of Investments May 31, 2021 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.9%
	Shares	Value
Communications Equipment - 10.4%
Communications Equipment - 10.4%
CommScope Holding Co., Inc. (a)	429,700	$8,727,207
Ericsson:
(B Shares)	172,600	2,315,010
(B Shares) sponsored ADR	1,158,800	15,562,684
Motorola Solutions, Inc.	41,968	8,616,450
Nokia Corp. sponsored ADR (a)	1,864,800	9,622,368
ViaSat, Inc. (a)(b)	67,401	3,584,385
		48,428,104
Consumer Finance - 0.6%
Consumer Finance - 0.6%
LendingTree, Inc. (a)	13,200	2,709,300
Diversified Telecommunication Services - 19.3%
Alternative Carriers - 2.5%
Iridium Communications, Inc. (a)	34,900	1,333,529
Liberty Global PLC Class A (a)	250,000	6,827,500
Liberty Latin America Ltd. Class C (a)	236,900	3,406,622
		11,567,651
Integrated Telecommunication Services - 16.8%
AT&T, Inc.	1,167,000	34,344,810
Bezeq The Israel Telecommunication Corp. Ltd. (a)	4,966,900	5,540,180
Cellnex Telecom SA (c)	89,515	5,437,213
Elisa Corp. (A Shares)	57,300	3,397,996
Orange SA ADR (b)	933,200	11,944,960
Telefonica SA sponsored ADR (b)	704,937	3,517,636
Verizon Communications, Inc.	250,701	14,162,099
		78,344,894
TOTAL DIVERSIFIED TELECOMMUNICATION SERVICES		89,912,545
Entertainment - 2.8%
Interactive Home Entertainment - 2.8%
Activision Blizzard, Inc.	99,600	9,686,100
Zynga, Inc. (a)	302,100	3,274,764
		12,960,864
Movies & Entertainment - 0.0%
Spotify Technology SA (a)	200	48,314
TOTAL ENTERTAINMENT		13,009,178
Equity Real Estate Investment Trusts (REITs) - 12.7%
Specialized REITs - 12.7%
American Tower Corp.	158,792	40,565,004
Crown Castle International Corp.	41,301	7,826,540
SBA Communications Corp. Class A	35,400	10,553,448
		58,944,992
Interactive Media & Services - 6.5%
Interactive Media & Services - 6.5%
Alphabet, Inc. Class A (a)	3,900	9,191,715
Facebook, Inc. Class A (a)	56,700	18,638,991
Snap, Inc. Class A (a)	39,200	2,435,104
		30,265,810
Internet & Direct Marketing Retail - 1.5%
Internet & Direct Marketing Retail - 1.5%
Amazon.com, Inc. (a)	2,200	7,090,754
Media - 1.1%
Cable & Satellite - 1.1%
DISH Network Corp. Class A (a)	112,849	4,911,188
Oil, Gas & Consumable Fuels - 1.5%
Oil & Gas Refining & Marketing - 1.5%
Reliance Industries Ltd.	243,900	7,054,007
Road & Rail - 2.6%
Trucking - 2.6%
Lyft, Inc. (a)	208,000	11,874,720
Semiconductors & Semiconductor Equipment - 11.6%
Semiconductors - 11.6%
Marvell Technology, Inc.	377,700	18,242,910
NXP Semiconductors NV	33,000	6,976,860
Qorvo, Inc. (a)	64,400	11,767,168
Qualcomm, Inc.	126,050	16,958,767
		53,945,705
Software - 3.8%
Application Software - 3.8%
LivePerson, Inc. (a)	82,400	4,527,880
RingCentral, Inc. (a)	40,000	10,498,800
Unity Software, Inc. (b)	25,500	2,408,730
Zoom Video Communications, Inc. Class A (a)	300	99,459
		17,534,869
Technology Hardware, Storage & Peripherals - 13.1%
Technology Hardware, Storage & Peripherals - 13.1%
Apple, Inc.	413,320	51,503,805
Samsung Electronics Co. Ltd.	132,980	9,561,840
		61,065,645
Wireless Telecommunication Services - 12.4%
Wireless Telecommunication Services - 12.4%
Bharti Airtel Ltd.	657,400	4,752,377
Millicom International Cellular SA (a)(b)	114,200	5,104,740
Rogers Communications, Inc. Class B (non-vtg.)	96,200	4,966,677
Shenandoah Telecommunications Co.	300	14,967
Spok Holdings, Inc.	1	12
T-Mobile U.S., Inc.	258,216	36,524,653
Vodafone Group PLC sponsored ADR	352,681	6,514,018
		57,877,444
TOTAL COMMON STOCKS
(Cost $296,385,917)		464,624,261
Money Market Funds - 1.8%
Fidelity Cash Central Fund 0.03% (d)	1,806,046	1,806,408
Fidelity Securities Lending Cash Central Fund 0.03% (d)(e)	6,475,433	6,476,080
TOTAL MONEY MARKET FUNDS
(Cost $8,282,488)		8,282,488
TOTAL INVESTMENT IN SECURITIES - 101.7%
(Cost $304,668,405)		472,906,749
NET OTHER ASSETS (LIABILITIES) - (1.7)%		(7,723,702)
NET ASSETS - 100%		$465,183,047

Legend

 (a) Non-income producing

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

 (c) 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 $5,437,213 or 1.2% of net assets.

 (d) 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.

 (e) 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	$262
Fidelity Securities Lending Cash Central Fund	11,856
Total	$12,118

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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