0001752724-22-012508.txt : 20220125 0001752724-22-012508.hdr.sgml : 20220125 20220125145537 ACCESSION NUMBER: 0001752724-22-012508 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20211130 FILED AS OF DATE: 20220125 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: 22553340 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 S000007470 Insurance Portfolio C000020444 Insurance Portfolio FSPCX NPORT-P 1 primary_doc.xml NPORT-P false 0000320351 XXXXXXXX S000007470 C000020444 Fidelity Select Portfolios 811-03114 0000320351 Z57125JG1LHEQKDYS630 245 Summer Street Boston 02210 1-800-FIDELITY Select Insurance Portfolio S000007470 961ZGQ4OWGNNG7UDAN41 2022-02-28 2021-11-30 N 212710629.11 540089.77 212170539.34 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 21.44000000 N ONEMAIN HLDGS INC 549300E3VEW8SMS5XW09 ONEMAIN HOLDINGS INC 68268W103 21000.00000000 NS USD 1045590.00000000 0.492806401516 Long EC CORP US N 1 N N N ARCH CAPITAL GROUP LTD 549300AYR4P8AFKDCE43 ARCH CAPITAL GROUP LTD N/A 105000.00000000 NS USD 4239900.00000000 1.998345299582 Long EC CORP BM N 1 N N N MARKEL CORP 549300SCNO12JLWIK605 MARKEL CORP 570535104 1920.00000000 NS USD 2294054.40000000 1.081231356217 Long EC CORP US N 1 N N N BROWN and BROWN INC 549300PC8KTJ71XKFY89 BROWN and BROWN INC 115236101 96300.00000000 NS USD 6202683.00000000 2.923442160864 Long EC CORP US N 1 N N N PROGRESSIVE CORP OHIO 529900TACNVLY9DCR586 PROGRESSIVE CORP OHIO 743315103 93200.00000000 NS USD 8662008.00000000 4.082568685994 Long EC CORP US N 1 N N N ZURICH INS GROUP LTD 529900QVNRBND50TXP03 ZURICH INSURANCE GROUP AG N/A 2226.00000000 NS 919205.49000000 0.433238984478 Long EC CORP CH N 1 N N N PRUDENTIAL FINL INC 5PRBRS5FEH7NREC8OR45 PRUDENTIAL FINANCIAL INC 744320102 50089.00000000 NS USD 5122101.14000000 2.414143431945 Long EC CORP US N 1 N N N ASSURED GUARANTY LTD 549300BBOQUJEPH87M14 ASSURED GUARANTY LTD N/A 66100.00000000 NS USD 3236917.00000000 1.525620385407 Long EC CORP BM N 1 N N N AFLAC INC 549300N0B7DOGLXWPP39 AFLAC INC 001055102 34500.00000000 NS USD 1867830.00000000 0.880343711153 Long EC CORP US N 1 N N N CHUBB LTD E0JAN6VLUDI1HITHT809 CHUBB LTD N/A 118405.00000000 NS USD 21250145.35000000 10.01559661209 Long EC CORP CH N 1 N N N APOLLO GLOBAL MANAGEMENT INC 54930054P2G7ZJB0KM79 APOLLO GLOBAL MGMT INC CL A 03768E105 50044.00000000 NS USD 3542114.32000000 1.669465671821 Long EC CORP US N 1 N N N BLACKROCK INC 549300LRIF3NWCU26A80 BLACKROCK INC 09247X101 1300.00000000 NS USD 1175993.00000000 0.554267809120 Long EC CORP US N 1 N N N MAIDEN HLDGS LTD 5493000GQUKNWGNXRZ91 MAIDEN HLDGS LTD N/A 400.00000000 NS USD 1200.00000000 0.000565582763 Long EC CORP BM N 1 N N N CHINA PACIFIC INSURANCELTD (GROUP) CO LTD 529900BA5ILEL308WX03 CHINA PACIFIC INS(GRP) CO LTD H N/A 161800.00000000 NS 468925.37000000 0.221013422249 Long EC CORP CN N 1 N N N CINCINNATI FINANCIAL CORP 254900Q4WEDMZBOZ0002 CINCINNATI FINANCIAL CORP 172062101 11200.00000000 NS USD 1275680.00000000 0.601252183252 Long EC CORP US N 1 N N N LOEWS CORP R8V1FN4M5ITGZOG7BS19 LOEWS CORP 540424108 58600.00000000 NS USD 3132756.00000000 1.476527330205 Long EC CORP US N 1 N N N HARTFORD FINL SVCS GROUP INC IU7C3FTM7Y3BQM112U94 HARTFORD FINL SVCS GROUP INC 416515104 156900.00000000 NS USD 10371090.00000000 4.888091453347 Long EC CORP US N 1 N N N MARSH and MCLENNAN COS INC 549300XMP3KDCKJXIU47 MARSH and MCLENNAN COS INC 571748102 136600.00000000 NS USD 22405132.00000000 10.55996372997 Long EC CORP US N 1 N N N METLIFE INC C4BXATY60WC6XEOZDX54 METLIFE INC 59156R108 153275.00000000 NS USD 8991111.50000000 4.237681408535 Long EC CORP US N 1 N N N REINSURANCE GROUP OF AMERICA INC LORM1GNEU1DKEW527V90 REINSURANCE GROUP OF AMERICA 759351604 61700.00000000 NS USD 5855947.00000000 2.760018906590 Long EC CORP US N 1 N N N WILLIS TOWERS WATSON PLC 549300WHC56FF48KL350 WILLIS TOWERS WATSON PLC N/A 30928.00000000 NS USD 6984779.52000000 3.292059086868 Long EC CORP IE N 1 N N N AMERICAN INTERNATIONAL GROUP INC ODVCVCQG2BP6VHV36M30 AMERICAN INTERNATIONAL GROUP 026874784 274450.00000000 NS USD 14436070.00000000 6.803993638752 Long EC CORP US N 1 N N N PRINCIPAL FINANCIAL GROUP INC CUMYEZJOAF02RYZ1JJ85 PRINCIPAL FINL GROUP INC 74251V102 63000.00000000 NS USD 4320540.00000000 2.036352461298 Long EC CORP US N 1 N N N GLOBE LIFE INC 5493001JFHKQOPP6XA71 GLOBE LIFE INC 37959E102 27000.00000000 NS USD 2336580.00000000 1.101274478194 Long EC CORP US N 1 N N N GALLAGHER (ARTHUR J.) and CO 54930049QLLMPART6V29 ARTHUR J GALLAGHAR AND CO 363576109 66500.00000000 NS USD 10832850.00000000 5.105727700790 Long EC CORP US N 1 N N N PRIMERICA INC 254900621R686KJR7022 PRIMERICA INC 74164M108 23100.00000000 NS USD 3399165.00000000 1.602090945601 Long EC CORP US N 1 N N N PRUDENTIAL PLC 5493001Z3ZE83NGK8Y12 PRUDENTIAL PLC N/A 35800.00000000 NS 604707.32000000 0.285010031025 Long EC CORP GB N 2 N N N JACKSON FINANCIAL INC 213800WXW2KG1N4CO374 JACKSON FINANCIAL INC 46817M107 895.00000000 NS USD 28335.70000000 0.013355152929 Long EC CORP US N 1 N N N EVEREST REINSURANCE GROUP LTD 549300N24XF2VV0B3570 EVEREST REINSURANCE GROUP LTD N/A 3300.00000000 NS USD 846054.00000000 0.398761299580 Long EC CORP BM N 1 N N N ARES MANAGEMENT CORP 529900JUV61FH7B8VW38 ARES MANAGEMENT CORP CL A 03990B101 51514.00000000 NS USD 4180876.24000000 1.970526281832 Long EC CORP US N 1 N N N FIDELITY NATIONAL FINANCIAL INC 549300CAZYIH39SYQ287 FIDELITY NATIONAL FINL INC 31620R303 36400.00000000 NS USD 1780324.00000000 0.839100473391 Long EC CORP US N 1 N N N BERKSHIRE HATHAWAY INC DEL 5493000C01ZX7D35SD85 BERKSHIRE HATHAWAY INC CL B 084670702 18800.00000000 NS USD 5201772.00000000 2.451693819594 Long EC CORP US N 1 N N N CNO FINANCIAL GROUP INC 11XPYHB76MPM4Y4P2897 CNO FINANCIAL GROUP INC 12621E103 110700.00000000 NS USD 2508462.00000000 1.182285725342 Long EC CORP US N 1 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Cash Central Fund 31635A105 640660.63900000 NS USD 640788.77000000 0.302015902864 Long STIV RF US N 1 N N N ALLSTATE CORP OBT0W1ED8G0NWVOLOJ77 ALLSTATE CORPORATION 020002101 66100.00000000 NS USD 7186392.00000000 3.387082873218 Long EC CORP US N 1 N N N MERCURY GENERAL CORP 5493001Q9EXPCEL4W527 MERCURY GENERAL CORP 589400100 200.00000000 NS USD 10204.00000000 0.004809338766 Long EC CORP US N 1 N N N FIRST AMERN FINL CORP 549300B6VEZK3N0A1P55 FIRST AMERICAN FINANCIAL CORP 31847R102 37700.00000000 NS USD 2796586.00000000 1.318084032165 Long EC CORP US N 1 N N N TRAVELERS COS INC 549300Y650407RU8B149 TRAVELERS COMPANIES INC 89417E109 112000.00000000 NS USD 16458400.00000000 7.757156130722 Long EC CORP US N 1 N N N ASSURANT INC H3F39CAXWQRVWURFXL38 ASSURANT INC 04621X108 17100.00000000 NS USD 2600910.00000000 1.225858221452 Long EC CORP US N 1 N N N ATHENE HOLDING LTD 549300H316CT32FQXI76 ATHENE HOLDING LTD N/A 37400.00000000 NS USD 3063808.00000000 1.444030829883 Long EC CORP BM N 1 N N N AMERICAN FINL GROUP INC OHIO 549300AFOM7IVKIU1G39 AMERICAN FINL GROUP INC OHIO 025932104 200.00000000 NS USD 26722.00000000 0.012594585508 Long EC CORP US N 1 N N N MOODYS CORP 549300GCEDD8YCF5WU84 MOODYS CORP 615369105 1300.00000000 NS USD 507832.00000000 0.239350855014 Long EC CORP US N 1 N N N AON PLC 635400FALWQYX5E6QC64 AON PLC N/A 32100.00000000 NS USD 9494217.00000000 4.474804574439 Long EC CORP IE N 1 N N N 2021-12-30 Stacie M. Smith Stacie M. Smith Stacie M. Smith President and Treasurer XXXX NPORT-EX 2 QTLY_145_20211130.htm US_QtlyFinancialStatementsCoverMaster
Quarterly Holdings Report
for
Fidelity® Select Portfolios®
Insurance Portfolio
November 30, 2021
PRC-NPRT3-0122
1.810674.117
Common Stocks - 99.8%
 
  
Shares
Value ($)
 
Capital Markets - 4.4%
 
  
  
Asset Management & Custody Banks - 4.2%
  
  
  
Apollo Global Management LLC Class A
 
50,044
3,542,114
Ares Management Corp.
 
51,514
4,180,876
BlackRock, Inc. Class A
 
1,300
1,175,993
 
  
  
8,898,983
Financial Exchanges & Data - 0.2%
  
  
  
Moody's Corp.
 
1,300
507,832
TOTAL CAPITAL MARKETS
  
  
9,406,815
Consumer Finance - 0.5%
 
  
  
Consumer Finance - 0.5%
  
  
  
OneMain Holdings, Inc.
 
21,000
1,045,590
Diversified Financial Services - 2.5%
 
  
  
Multi-Sector Holdings - 2.5%
  
  
  
Berkshire Hathaway, Inc. Class B (a)
  
18,800
5,201,772
Other Diversified Financial Services - 0.0%
  
  
  
Jackson Financial, Inc.
 
895
28,336
TOTAL DIVERSIFIED FINANCIAL SERVICES
  
  
5,230,108
Insurance - 92.4%
 
  
  
Insurance Brokers - 26.4%
  
  
  
Aon PLC
 
32,100
9,494,217
Arthur J. Gallagher & Co.
 
66,500
10,832,850
Brown & Brown, Inc.
 
96,300
6,202,683
Marsh & McLennan Companies, Inc.
 
136,600
22,405,133
Willis Towers Watson PLC
 
30,928
6,984,780
 
  
  
55,919,663
Life & Health Insurance - 15.2%
  
  
  
AFLAC, Inc.
 
34,500
1,867,830
Athene Holding Ltd. (a)
  
37,400
3,063,808
CNO Financial Group, Inc.
 
110,700
2,508,462
Globe Life, Inc.
 
27,000
2,336,580
MetLife, Inc.
 
153,275
8,991,112
Primerica, Inc.
 
23,100
3,399,165
Principal Financial Group, Inc.
 
63,000
4,320,540
Prudential Financial, Inc.
 
50,089
5,122,101
Prudential PLC (a)
  
35,800
604,707
 
  
  
32,214,305
Multi-Line Insurance - 13.6%
  
  
  
American Financial Group, Inc.
 
200
26,722
American International Group, Inc.
 
274,450
14,436,070
Assurant, Inc.
 
17,100
2,600,910
China Pacific Insurance (Group) Co. Ltd. (H Shares)
 
161,800
468,925
Hartford Financial Services Group, Inc.
 
156,900
10,371,090
Zurich Insurance Group Ltd.
 
2,226
919,205
 
  
  
28,822,922
Property & Casualty Insurance - 34.1%
  
  
  
Allstate Corp.
 
66,100
7,186,392
Arch Capital Group Ltd. (a)
  
105,000
4,239,900
Assured Guaranty Ltd.
 
66,100
3,236,917
Chubb Ltd.
 
118,405
21,250,145
Cincinnati Financial Corp.
 
11,200
1,275,680
Fidelity National Financial, Inc.
 
36,400
1,780,324
First American Financial Corp.
 
37,700
2,796,586
Loews Corp.
 
58,600
3,132,756
Markel Corp. (a)
  
1,920
2,294,054
Mercury General Corp.
 
200
10,204
Progressive Corp.
 
93,200
8,662,008
The Travelers Companies, Inc.
 
112,000
16,458,400
 
  
  
72,323,366
Reinsurance - 3.1%
  
  
  
Everest Re Group Ltd.
 
3,300
846,054
Maiden Holdings Ltd. (a)
  
400
1,200
Reinsurance Group of America, Inc.
 
61,700
5,855,947
 
  
  
6,703,201
TOTAL INSURANCE
  
  
195,983,457
 
TOTAL COMMON STOCKS
 (Cost $103,749,337)
  
  
  
211,665,970
 
  
  
  
Money Market Funds - 0.3%
 
  
Shares
Value ($)
 
Fidelity Cash Central Fund 0.06% (b)
 
 (Cost $640,789)
 
  
640,661
640,789
 
  
  
  
 
TOTAL INVESTMENT IN SECURITIES - 100.1%
 (Cost $104,390,126)
 
  
 
212,306,759
NET OTHER ASSETS (LIABILITIES) - (0.1)%  
(223,259)
NET ASSETS - 100.0%
212,083,500
 
  
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
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 0.06%
2,833,851
29,230,261
31,423,323
489
-
-
640,789
0.0%
Fidelity Securities Lending Cash Central Fund 0.07%
-
30,548,077
30,548,077
529
-
-
-
0.0%
Total
2,833,851
59,778,338
61,971,400
1,018
-
-
640,789
  
 
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. Securities 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 inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
 
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)
 
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 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 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.
 
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.
 
Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.