0001752724-22-171172.txt : 20220729 0001752724-22-171172.hdr.sgml : 20220729 20220729134823 ACCESSION NUMBER: 0001752724-22-171172 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220531 FILED AS OF DATE: 20220729 DATE AS OF CHANGE: 20220729 PERIOD START: 20230228 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: 221119676 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 S000007478 Fidelity Natural Resources Fund C000020452 Fidelity Natural Resources Fund FNARX NPORT-P 1 primary_doc.xml NPORT-P false 0000320351 XXXXXXXX S000007478 C000020452 Fidelity Select Portfolios 811-03114 0000320351 Z57125JG1LHEQKDYS630 245 Summer Street Boston 02210 1-800-FIDELITY Fidelity Natural Resources Fund S000007478 F20N7QB58Y5BSKOBIF93 2023-02-28 2022-05-31 N 893941229.07 3784605.01 890156624.06 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 92.71000000 N HARBOUR ENERGY PLC 213800YPC42DYBKVPF97 HARBOUR ENERGY PLC N/A 670060.00000000 NS 3243964.29000000 0.364426237172 Long EC CORP GB N 1 N N CVR ENERGY INC 529900SOYZIXZBTXB558 CVR ENERGY INC 12662P108 106400.00000000 NS USD 3663352.00000000 0.411540160572 Long EC CORP US N 1 N N N MEG ENERGY CORP 5493002WXPTG5ZC1T326 MEG ENERGY CORP 552704108 2250112.00000000 NS 39261550.25000000 4.410633947869 Long EC CORP CA N 1 N N N PHILLIPS 66 5493005JBO5YSIGK1814 PHILLIPS 66 718546104 246316.00000000 NS USD 24831115.96000000 2.789522123280 Long EC CORP US N 1 N N N CANADIAN NATURAL RESOURCES LTD 549300T15RIMIKZC5Q38 CANADIAN NATL RESOURCES LTD 136385101 1206900.00000000 NS USD 80053677.00000000 8.993212524204 Long EC CORP CA N 1 N N N U S SILICA HOLDINGS INC 529900HOXGPM9F75C193 US SILICA HOLDINGS INC 90346E103 339300.00000000 NS USD 5998824.00000000 0.673906573052 Long EC CORP US N 1 N N N MARATHON OIL CORP 1FRVQX2CRLGC1XLP5727 MARATHON OIL CORP 565849106 599700.00000000 NS USD 18848571.00000000 2.117444334013 Long EC CORP US N 1 N N N ROYAL GOLD INC 5493001NGRU6SFL04184 ROYAL GOLD INC 780287108 69700.00000000 NS USD 7881676.00000000 0.885425753959 Long EC CORP US N 1 N N N SECURE ENERGY SVCS INC 549300EZKELHYBQO9X11 SECURE ENERGY SERVICES INC 81373C102 317100.00000000 NS 1850178.28000000 0.207848622365 Long EC CORP CA N 1 N N N HELMERICH and PAYNE INC 254900NAOGHJ88RZ4C73 HELMERICH and PAYNE INC 423452101 92000.00000000 NS USD 4632200.00000000 0.520380332493 Long EC CORP US N 1 N N N ANTERO RESOURCES CORPORATION APVBKPOULHUX7YZLKU17 ANTERO RES CORP 03674X106 610000.00000000 NS USD 26156800.00000000 2.938449177707 Long EC CORP US N 1 N N N SCHLUMBERGER LTD 213800ZUA17OK3QLGM62 SCHLUMBERGER LTD 806857108 454100.00000000 NS USD 20870436.00000000 2.344580204864 Long EC CORP CW N 1 N N N FIRST QUANTUM MINERALS LTD 549300I7UVBGWRYMYZ18 FIRST QUANTUM MINERALS INC 335934105 788400.00000000 NS 22825795.94000000 2.564244911855 Long EC CORP CA N 1 N N N AKER SOLUTIONS ASA 5967007LIEEXZXG42836 AKER SOLUTIONS ASA N/A 905604.00000000 NS 3571148.38000000 0.401182026114 Long EC CORP NO N 1 N N N GENESIS ENERGY MLP 549300VJ5D6MDK138782 GENESIS ENERGY LP LTD INT UNIT 371927104 1224848.00000000 NS USD 14992139.52000000 1.684213666986 Long EC CORP US N 1 N N N GLENCORE PLC 2138002658CPO9NBH955 GLENCORE PLC N/A 4863800.00000000 NS 32079599.06000000 3.603815125666 Long EC CORP JE N 2 N N N CROWN HOLDINGS INC NYLWZIOY8PUNIT4JOE22 CROWN HOLDINGS INC 228368106 134400.00000000 NS USD 14036736.00000000 1.576883845000 Long EC CORP US N 1 N N N AVERY DENNISON CORP 549300PW7VPFCYKLIV37 AVERY DENNISON CORP 053611109 44400.00000000 NS USD 7661664.00000000 0.860709654111 Long EC CORP US N 1 N N N HALLIBURTON CO ENYF8GB5SMQZ25S06U51 HALLIBURTON CO 406216101 766000.00000000 NS USD 31023000.00000000 3.485117018902 Long EC CORP US N 1 N N N HESS CORP UASVRYNXNK17ULIGK870 HESS CORP 42809H107 499300.00000000 NS USD 61448851.00000000 6.903150450055 Long EC CORP US N 1 N N N VALARIS LTD N/A VALARIS LTD N/A 14400.00000000 NS USD 856080.00000000 0.096171839523 Long EC CORP BM N 1 N N N TECHNIPFMC PLC 549300D5I93QWCJTCK36 TECHNIPFMC PLC N/A 617400.00000000 NS USD 5087376.00000000 0.571514704546 Long EC CORP GB N 1 N N N VALERO ENERGY CORP 549300XTO5VR8SKV1V74 VALERO ENERGY CORP 91913Y100 352200.00000000 NS USD 45645120.00000000 5.127762774129 Long EC CORP US N 1 N N N TOURMALINE OIL CORP 549300EWGW5PUCV5A109 TOURMALINE OIL CORP 89156V106 610000.00000000 NS 37655690.40000000 4.230232004369 Long EC CORP CA N 1 N N N CENOVUS ENERGY INC N/A CENOVUS ENERGY INC 15135U109 1318900.00000000 NS USD 30558913.00000000 3.432981587062 Long EC CORP CA N 1 N N N FREEPORT-MCMORAN INC 549300IRDTHJQ1PVET45 FREEPORT MCMORAN INC 35671D857 1277000.00000000 NS USD 49905160.00000000 5.606334733811 Long EC CORP US N 1 N N N IVANHOE MINE LTD 5299006XZISURYIA4G32 IVANHOE MINES LTD 46579R104 460723.00000000 NS 3511380.57000000 0.394467723442 Long EC CORP CA N 1 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Cash Central Fund 31635A105 687717.74600000 NS USD 687855.29000000 0.077273512481 Long STIV RF US N 1 N N N WEATHERFORD INTERNATIONAL PLC 529900LPBDSCQDJKHQ39 WEATHERFORD INTERNATIONAL PLC N/A 128535.00000000 NS USD 4349624.40000000 0.488635851538 Long EC CORP IE N 1 N N N EXXON MOBIL CORP J3WHBG0MTS7O8ZVMDC91 EXXON MOBIL CORP 30231G102 1538000.00000000 NS USD 147648000.00000000 16.58674395148 Long EC CORP US N 1 N N N DELEK US HOLDINGS INC 5493003O53JMENV1N385 DELEK US HOLDINGS INC 24665A103 207700.00000000 NS USD 6056532.00000000 0.680389477121 Long EC CORP US N 1 N N N IMPERIAL OIL LTD 549300MO45LTBPAU4Z27 IMPERIAL OIL LTD 453038408 943800.00000000 NS 51695034.19000000 5.807408807926 Long EC CORP CA N 1 N N N NUTRIEN LTD 5493002QQ7GD21OWF963 NUTRIEN LTD 67077M108 93900.00000000 NS 9176565.60000000 1.030893367747 Long EC CORP CA N 1 N N N PEABODY ENERGY CORP EJCO258LNNVSKAR2JX59 PEABODY ENERGY CORP 704551100 157300.00000000 NS USD 3713853.00000000 0.417213431840 Long EC CORP US N 1 N N N NORSK HYDRO ASA 549300N1SDN71ZZ8BO45 NORSK HYDRO AS ORD N/A 275700.00000000 NS 2212286.14000000 0.248527739973 Long EC CORP NO N 2 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Securities Lending Cash Central Fund 31635A303 75645.50200000 NS USD 75653.07000000 0.008498849298 Long STIV RF US N 1 N N NEXTIER OILFIELD SOLUTIONS INC 529900L27H2D4QT0IT24 NEXTIER OILFIELD SOLUTIONS INC 65290C105 418000.00000000 NS USD 4556200.00000000 0.511842509155 Long EC CORP US N 1 N N N HUNTING PLC 2138008S5FL78ITZRN66 HUNTING PLC N/A 772900.00000000 NS 3228582.23000000 0.362698219923 Long EC CORP GB N 1 N N N FRANCO NEVADA CORP N/A FRANCO-NEVADA CORP 351858105 77900.00000000 NS 11020000.00000000 1.237984384111 Long EC CORP CA N 1 N N N KOSMOS ENERGY LTD 213800YDFJ3OT9B5P157 KOSMOS ENERGY LTD 500688106 2904300.00000000 NS USD 22479282.00000000 2.525317611800 Long EC CORP US N 1 N N N LIBERTY ENERGY INC N/A LIBERTY ENERGY INC CL A 53115L104 587800.00000000 NS USD 9563506.00000000 1.074362167455 Long EC CORP US N 1 N N N SEALED AIR CORP Q0M0CZB4YN6JZ65WXI09 SEALED AIR CORP 81211K100 125300.00000000 NS USD 7791154.00000000 0.875256532324 Long EC CORP US N 1 N N N RANGE RESOURCES CORP H3Y3WLYCX0BTO1TRW162 RANGE RESOURCES CORP 75281A109 217500.00000000 NS USD 7384125.00000000 0.829530983695 Long EC CORP US N 1 N N N 2022-06-30 Stacie M. Smith Stacie M. Smith Stacie M. Smith President and Treasurer XXXX NPORT-EX 2 QTLY_514_20220531.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Natural Resources Fund
May 31, 2022
NAT-NPRT1-0722
1.802184.118
Common Stocks - 99.7%
 
  
Shares
Value ($)
 
Chemicals - 1.1%
 
  
  
Fertilizers & Agricultural Chemicals - 1.1%
  
  
  
Nutrien Ltd.
 
98,700
9,645,655
Containers & Packaging - 3.3%
 
  
  
Metal & Glass Containers - 1.6%
  
  
  
Crown Holdings, Inc.
 
134,400
14,036,736
Paper Packaging - 1.7%
  
  
  
Avery Dennison Corp.
 
44,400
7,661,664
Sealed Air Corp.
 
126,700
7,878,206
 
  
  
15,539,870
TOTAL CONTAINERS & PACKAGING
  
  
29,576,606
Energy Equipment & Services - 10.7%
 
  
  
Oil & Gas Drilling - 0.6%
  
  
  
Helmerich & Payne, Inc.
 
92,000
4,632,200
Valaris Ltd. (a)
  
15,900
945,255
 
  
  
5,577,455
Oil & Gas Equipment & Services - 10.1%
  
  
  
Aker Solutions ASA
 
905,604
3,571,148
Halliburton Co.
 
766,000
31,023,000
Hunting PLC
 
772,900
3,228,582
Liberty Oilfield Services, Inc. Class A (a)
  
587,800
9,563,506
Nextier Oilfield Solutions, Inc. (a)
  
418,000
4,556,200
Schlumberger Ltd.
 
454,100
20,870,436
Secure Energy Services, Inc.
 
317,100
1,850,178
TechnipFMC PLC (a)
  
628,400
5,178,016
U.S. Silica Holdings, Inc. (a)
  
339,300
5,998,824
Weatherford International PLC (a)
  
128,535
4,349,624
 
  
  
90,189,514
TOTAL ENERGY EQUIPMENT & SERVICES
  
  
95,766,969
Metals & Mining - 14.4%
 
  
  
Aluminum - 0.2%
  
  
  
Norsk Hydro ASA
 
275,700
2,212,286
Copper - 8.1%
  
  
  
First Quantum Minerals Ltd.
 
788,400
22,825,796
Freeport-McMoRan, Inc.
 
1,279,300
49,995,044
 
  
  
72,820,840
Diversified Metals & Mining - 4.0%
  
  
  
Glencore Xstrata PLC
 
4,863,800
32,079,599
Ivanhoe Mines Ltd. (a)
  
460,723
3,511,381
 
  
  
35,590,980
Gold - 2.1%
  
  
  
Franco-Nevada Corp.
 
77,900
11,020,000
Royal Gold, Inc.
 
65,700
7,429,356
 
  
  
18,449,356
TOTAL METALS & MINING
  
  
129,073,462
Oil, Gas & Consumable Fuels - 70.2%
 
  
  
Coal & Consumable Fuels - 0.4%
  
  
  
Peabody Energy Corp. (a)
  
161,100
3,803,571
Integrated Oil & Gas - 25.7%
  
  
  
Cenovus Energy, Inc.
 
1,318,900
30,558,913
Exxon Mobil Corp.
 
1,538,000
147,648,001
Imperial Oil Ltd.
 
943,800
51,695,034
 
  
  
229,901,948
Oil & Gas Exploration & Production - 33.4%
  
  
  
Antero Resources Corp. (a)
  
614,200
26,336,896
Canadian Natural Resources Ltd.
 
1,214,900
80,584,317
Harbour Energy PLC (b)
  
633,860
3,068,709
Hess Corp.
 
500,000
61,535,000
Kosmos Energy Ltd. (a)
  
2,904,300
22,479,282
Marathon Oil Corp.
 
599,700
18,848,571
MEG Energy Corp. (a)
  
2,346,312
40,940,116
Range Resources Corp. (a)
  
217,500
7,384,125
Tourmaline Oil Corp.
 
610,000
37,655,690
 
  
  
298,832,706
Oil & Gas Refining & Marketing - 9.0%
  
  
  
CVR Energy, Inc.
 
106,400
3,663,352
Delek U.S. Holdings, Inc. (a)
  
207,700
6,056,532
Phillips 66 Co.
 
246,316
24,831,116
Valero Energy Corp.
 
352,200
45,645,120
 
  
  
80,196,120
Oil & Gas Storage & Transport - 1.7%
  
  
  
Genesis Energy LP
 
1,224,848
14,992,140
TOTAL OIL, GAS & CONSUMABLE FUELS
  
  
627,726,485
 
TOTAL COMMON STOCKS
 (Cost $621,847,921)
  
  
  
891,789,177
 
  
  
  
Money Market Funds - 0.1%
 
  
Shares
Value ($)
 
Fidelity Cash Central Fund 0.82% (c)
  
687,718
687,855
Fidelity Securities Lending Cash Central Fund 0.82% (c)(d)
  
69,111
69,118
 
TOTAL MONEY MARKET FUNDS
 (Cost $756,973)
  
  
756,973
 
  
  
  
 
TOTAL INVESTMENT IN SECURITIES - 99.8%
 (Cost $622,604,894)
 
  
 
892,546,150
NET OTHER ASSETS (LIABILITIES) - 0.2%  
2,233,298
NET ASSETS - 100.0%
894,779,448
 
  
Legend
 
(a)
Non-income producing
 
(b)
Security or a portion of the security is on loan at period end.
 
(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
 
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 0.82%
5,185,303
87,213,524
91,710,972
3,366
-
-
687,855
0.0%
Fidelity Securities Lending Cash Central Fund 0.82%
18,439,385
32,065,960
50,436,227
27,206
-
-
69,118
0.0%
Total
23,624,688
119,279,484
142,147,199
30,572
-
-
756,973
  
 
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 - Unadjusted 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.
 
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