0001752724-22-171212.txt : 20220729 0001752724-22-171212.hdr.sgml : 20220729 20220729135247 ACCESSION NUMBER: 0001752724-22-171212 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: 221119728 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 1-800-FIDELITY Select Banking Portfolio S000007475 FS8LFFVCCRDRE4GVWH41 2023-02-28 2022-05-31 N 564532949.31 28666491.82 535866457.49 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 0.00000000 N CAMDEN NATIONAL CORP 549300ZVEDL2L8UW4F28 CAMDEN NATIONAL CORP 133034108 9532.00000000 NS USD 421886.32000000 0.078729749567 Long EC CORP US N 1 N N N ONEMAIN HLDGS INC 549300E3VEW8SMS5XW09 ONEMAIN HOLDINGS INC 68268W103 83000.00000000 NS USD 3656980.00000000 0.682442416181 Long EC CORP US N 1 N N N STATE STREET CORP 549300ZFEEJ2IP5VME73 STATE STREET CORP 857477103 162300.00000000 NS USD 11765127.00000000 2.195533389999 Long EC CORP US N 1 N N N ESSENT GROUP LTD 254900QUO860OUT6ZF83 ESSENT GROUP LTD N/A 311729.00000000 NS USD 13338883.91000000 2.489217924271 Long EC CORP BM N 1 N N N FIRST INTERSTATE BANCSYSTEM INC 549300WRWYTYX0RCNJ43 FIRST INTST BANCSYST INC CL A 32055Y201 381134.00000000 NS USD 14509771.38000000 2.707721518522 Long EC CORP US N 1 N N N COMMUNITY TRUST BANCORP INC N/A COMMUNITY TRUST BANCORP INC 204149108 153876.00000000 NS USD 6470485.80000000 1.207481026207 Long EC CORP US N 1 N N FIRST SOURCE CORP N/A FIRST SOURCE CORP 336901103 136481.00000000 NS USD 6417336.62000000 1.197562663290 Long EC CORP US N 1 N N N HUNTINGTON BANCSHARES INC/OH 549300XTVCVV9I7B5T19 HUNTINGTON BANCSHARES INC 446150104 1543200.00000000 NS USD 21419616.00000000 3.997192901442 Long EC CORP US N 1 N N N FIRST CITIZENS BANCSHARES INC/NC 549300N3Z00ZHE2XC526 FIRST CITIZENS BANCSHARES INC CL A 31946M103 19100.00000000 NS USD 13377640.00000000 2.496450340008 Long EC CORP US N 1 N N UMB Financial Corp 549300MGEH3N3CUCV828 UMB FINANCIAL CORP 902788108 60666.00000000 NS USD 5602505.10000000 1.045503972434 Long EC CORP US N 1 N N N US BANCORP DEL N1GZ7BBF3NP8GI976H15 US BANCORP DEL 902973304 652000.00000000 NS USD 34601640.00000000 6.457138624065 Long EC CORP US N 1 N N N CAPITAL ONE FINANCIAL CORP ZUE8T73ROZOF6FLBAR73 CAPITAL ONE FINANCIAL CORP 14040H105 59400.00000000 NS USD 7594884.00000000 1.417309087710 Long EC CORP US N 1 N N N CONNECTONE BANCORP INC 549300E2M5ZYAZKUK134 CONNECTONE BANCORP INC 20786W107 136900.00000000 NS USD 3772964.00000000 0.704086614727 Long EC CORP US N 1 N N N BANK NEW YORK MELLON CORP WFLLPEPC7FZXENRZV188 BANK OF NEW YORK MELLON CORP 064058100 186400.00000000 NS USD 8688104.00000000 1.621318871252 Long EC CORP US N 1 N N N COMERICA INC I9Q57JVPWHHZ3ZGBW498 COMERICA INC 200340107 153200.00000000 NS USD 12747772.00000000 2.378908368273 Long EC CORP US N 1 N N N ZIONS BANCORP NA YYQWUR1Z2BCX32HQS333 ZIONS BANCORP 989701107 142250.00000000 NS USD 8113940.00000000 1.514172026740 Long EC CORP US N 1 N N N HEARTLAND FINANCIAL USA INC 549300QF7B0DFZT32C73 HEARTLAND FINANCIAL USA INC 42234Q102 247600.00000000 NS USD 10951348.00000000 2.043671113750 Long EC CORP US N 1 N N N PREFERRED BANK LOS ANGELES CA 5493007K6HGI9G0ECX16 PREFERRED BANK LOS ANGELES 740367404 125495.00000000 NS USD 8597662.45000000 1.604441242743 Long EC CORP US N 1 N N N INDEPENDENT BANK GROUP INC N/A INDEPENDENT BANK GROUP INC 45384B106 112200.00000000 NS USD 8199576.00000000 1.530152873984 Long EC CORP US N 1 N N N POPULAR INC 5493008CARDZMVQ3LO89 POPULAR INC 733174700 161800.00000000 NS USD 13220678.00000000 2.467159086972 Long EC CORP PR N 1 N N N WINTRUST FINANCIAL CORP Q774KI4AW80FHFW33O61 WINTRUST FINANCIAL CORP 97650W108 118000.00000000 NS USD 10312020.00000000 1.924363776807 Long EC CORP US N 1 N N N OLD NATIONAL BANCORP (IND) 549300MMK90CL5KMVX16 OLD NATIONAL BANCORP (IND) 680033107 245054.00000000 NS USD 3896358.60000000 0.727113732449 Long EC CORP US N 1 N N N SOUTHERN MISSOURI BANCORP INC N/A SOUTHERN MISSOURI BANCORP INC 843380106 26700.00000000 NS USD 1246356.00000000 0.232587052721 Long EC CORP US N 1 N N N M and T BANK CORP 549300WYXDDBYRASEG81 M and T BANK CORP 55261F104 203260.00000000 NS USD 36580702.20000000 6.826458661238 Long EC CORP US N 1 N N N SIERRA BANCORP N/A SIERRA BANCORP 82620P102 161200.00000000 NS USD 3489980.00000000 0.651277935242 Long EC CORP US N 1 N N N BOK FINANCIAL CORP GRI2NT5QHYW751NMR949 BOK FINANCIAL COMMON NEW 05561Q201 122800.00000000 NS USD 10581676.00000000 1.974685269453 Long EC CORP US N 1 N N BANK OZK 549300UULWC5CKW0VZ48 BANK OZK 06417N103 195000.00000000 NS USD 8086650.00000000 1.509079340005 Long EC CORP US N 1 N N EASTERN BANKSHARES INC 549300J245MBQU3DO403 EASTERN BANKSHARES INC 27627N105 145900.00000000 NS USD 2840673.00000000 0.530108380603 Long EC CORP US N 1 N N N RADIAN GROUP INC 54930005OUP720S5U385 RADIAN GROUP INC 750236101 326736.00000000 NS USD 7028091.36000000 1.311537839654 Long EC CORP US N 1 N N N WALKER and DUNLOP INC N/A WALKER and DUNLOP INC 93148P102 54800.00000000 NS USD 5825788.00000000 1.087171611242 Long EC CORP US N 1 N N N BANKUNITED INC 96OVUWEW5D4YX6PFXD91 BANKUNITED INC 06652K103 115769.00000000 NS USD 4822936.54000000 0.900025831545 Long EC CORP US N 1 N N N CITIGROUP INC 6SHGI4ZSSLCXXQSBB395 CITIGROUP INC 172967424 500500.00000000 NS USD 26731705.00000000 4.988501263022 Long EC CORP US N 1 N N N SIGNATURE BK NEW YORK NY VLP5AP0XK2GM6GKD1007 SIGNATURE BANK 82669G104 36690.00000000 NS USD 7934946.30000000 1.480769357568 Long EC CORP US N 1 N N N MGIC INVESTMENT CORP 254900S8483WM4M98R28 MGIC INVESTMENT CORP 552848103 831400.00000000 NS USD 11581402.00000000 2.161247795625 Long EC CORP US N 1 N N N NMI HOLDINGS INC 529900KNNGFXJX1C3Z08 NMI HOLDINGS INC 629209305 550302.00000000 NS USD 10241120.22000000 1.911132909488 Long EC CORP US N 1 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Cash Central Fund 31635A105 11187.68200000 NS USD 11189.92000000 0.002088191907 Long STIV RF US N 1 N N N PHOENIX VEGA MEZZ PLC 2138005HBG5SYXSOFN83 PHOENIX VEGA MEZZ PLC N/A 330200.00000000 NS 20241.16000000 0.003777276916 Long EC CORP CY N 1 N N N AMERICAN NATIONAL BANKSHARES INC 5493001AQ734BV16EM88 AMERICAN NATL BANKSHARES INC 027745108 161086.00000000 NS USD 5736272.46000000 1.070466788846 Long EC CORP US N 1 N N N UNIVEST FINANCIAL CORP 4WII2HCR8UEWNU03U507 UNIVEST FINANCIAL CORP 915271100 254400.00000000 NS USD 6741600.00000000 1.258074638890 Long EC CORP US N 1 N N N PIRAEUS FINANCIAL HOLDINGS SA M6AD1Y1KW32H8THQ6F76 PIRAEUS FINANCIAL HOLDINGS SA N/A 330200.00000000 NS 418293.73000000 0.078059323205 Long EC CORP GR N 1 N N N ASSOCIATED BANC CORP 549300N3CIN473IW5094 ASSOCIATED BANC CORP 045487105 589600.00000000 NS USD 12204720.00000000 2.277567447898 Long EC CORP US N 1 N N N TRUIST FINANCIAL CORP 549300DRQQI75D2JP341 TRUIST FINL CORP 89832Q109 524300.00000000 NS USD 26078682.00000000 4.866638252028 Long EC CORP US N 1 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Securities Lending Cash Central Fund 31635A303 28206729.32400000 NS USD 28209550.00000000 5.264287324893 Long STIV RF US N 1 N N WELLS FARGO and CO PBLD0EJDB5FWOLXP3B76 WELLS FARGO and CO 949746101 821992.00000000 NS USD 37622573.84000000 7.020886139472 Long EC CORP US N 1 N N N BANK OF AMERICA CORPORATION 9DJT3UXIJIZJI4WXO774 BANK OF AMERICA CORPORATION 060505104 863376.00000000 NS USD 32117587.20000000 5.993580443612 Long EC CORP US N 1 N N N TRICO BANCSHARES N/A TRICO BANCSHARES 896095106 98387.00000000 NS USD 4460866.58000000 0.832458631744 Long EC CORP US N 1 N N N EAST WEST BANCORP INC N/A EAST WEST BANCORP INC 27579R104 207100.00000000 NS USD 15230134.00000000 2.842151022353 Long EC CORP US N 1 N N N PACWEST BANCORP DE 549300YI8VMFO7G36V04 PACWEST BANCORP 695263103 326236.00000000 NS USD 10302532.88000000 1.922593350637 Long EC CORP US N 1 N N N CADENCE BANK Q7C315HKI8VX0SSKBS64 CADENCE BANK 12740C103 402139.00000000 NS USD 10749175.47000000 2.005942958316 Long EC CORP US N 1 N N N PNC FINANCIAL SERVICES GRP INC CFGNEKW0P8842LEUIA51 PNC FINANCIAL SERVICES GRP INC 693475105 45000.00000000 NS USD 7893450.00000000 1.473025581219 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_507_20220531.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Select Portfolios®
Banking Portfolio
May 31, 2022
BAN-NPRT1-0722
1.802155.118
Common Stocks - 99.7%
 
  
Shares
Value ($)
 
Banks - 84.6%
 
  
  
Diversified Banks - 24.5%
  
  
  
Bank of America Corp.
 
863,376
32,117,587
Citigroup, Inc.
 
500,500
26,731,705
Piraeus Financial Holdings SA (a)
  
330,200
418,294
U.S. Bancorp
 
652,000
34,601,640
Wells Fargo & Co.
 
821,992
37,622,575
 
  
  
131,491,801
Regional Banks - 60.1%
  
  
  
1st Source Corp.
 
136,481
6,417,337
American National Bankshares, Inc.
 
161,086
5,736,272
Associated Banc-Corp.
 
589,600
12,204,720
Bank OZK (b)
  
195,000
8,086,650
BankUnited, Inc.
 
115,769
4,822,937
BOK Financial Corp. (b)
  
122,800
10,581,676
Cadence Bank
 
402,139
10,749,175
Camden National Corp.
 
9,532
421,886
Comerica, Inc.
 
153,200
12,747,772
Community Trust Bancorp, Inc. (b)
  
153,876
6,470,486
ConnectOne Bancorp, Inc.
 
136,900
3,772,964
East West Bancorp, Inc.
 
207,100
15,230,134
Eastern Bankshares, Inc.
 
145,900
2,840,673
First Citizens Bancshares, Inc. (b)
  
19,100
13,377,640
First Interstate Bancsystem, Inc.
 
381,134
14,509,771
Heartland Financial U.S.A., Inc.
 
247,600
10,951,348
Huntington Bancshares, Inc.
 
1,543,200
21,419,616
Independent Bank Group, Inc.
 
112,200
8,199,576
M&T Bank Corp.
 
203,260
36,580,702
Old National Bancorp, Indiana (b)
  
245,054
3,896,359
PacWest Bancorp
 
326,236
10,302,533
PNC Financial Services Group, Inc.
 
45,000
7,893,450
Popular, Inc.
 
161,800
13,220,678
Preferred Bank, Los Angeles
 
125,495
8,597,662
Sierra Bancorp
 
161,200
3,489,980
Signature Bank
 
36,690
7,934,946
Trico Bancshares
 
98,387
4,460,867
Truist Financial Corp.
 
524,300
26,078,682
UMB Financial Corp.
 
60,666
5,602,505
Univest Corp. of Pennsylvania
 
254,400
6,741,600
Wintrust Financial Corp.
 
118,000
10,312,020
Zions Bancorp NA
 
142,250
8,113,940
 
  
  
321,766,557
TOTAL BANKS
  
  
453,258,358
Capital Markets - 3.8%
 
  
  
Asset Management & Custody Banks - 3.8%
  
  
  
Bank of New York Mellon Corp.
 
186,400
8,688,104
State Street Corp.
 
162,300
11,765,127
 
  
  
20,453,231
Consumer Finance - 2.1%
 
  
  
Consumer Finance - 2.1%
  
  
  
Capital One Financial Corp.
 
59,400
7,594,884
OneMain Holdings, Inc.
 
83,000
3,656,980
 
  
  
11,251,864
Diversified Financial Services - 0.0%
 
  
  
Other Diversified Financial Services - 0.0%
  
  
  
Phoenix Vega Mezz PLC (a)
  
330,200
20,241
Thrifts & Mortgage Finance - 9.2%
 
  
  
Thrifts & Mortgage Finance - 9.2%
  
  
  
Essent Group Ltd.
 
311,729
13,338,884
MGIC Investment Corp.
 
831,400
11,581,402
NMI Holdings, Inc. (a)
  
550,302
10,241,120
Radian Group, Inc.
 
326,736
7,028,091
Southern Missouri Bancorp, Inc.
 
26,700
1,246,356
Walker & Dunlop, Inc.
 
54,800
5,825,788
 
  
  
49,261,641
 
TOTAL COMMON STOCKS
 (Cost $439,876,467)
  
  
  
534,245,335
 
  
  
  
Money Market Funds - 6.2%
 
  
Shares
Value ($)
 
Fidelity Cash Central Fund 0.82% (c)
  
11,188
11,190
Fidelity Securities Lending Cash Central Fund 0.82% (c)(d)
  
33,065,243
33,068,550
 
TOTAL MONEY MARKET FUNDS
 (Cost $33,079,740)
  
  
33,079,740
 
  
  
  
 
TOTAL INVESTMENT IN SECURITIES - 105.9%
 (Cost $472,956,207)
 
  
 
567,325,075
NET OTHER ASSETS (LIABILITIES) - (5.9)%  
(31,383,198)
NET ASSETS - 100.0%
535,941,877
 
  
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%
70,784
34,673,145
34,732,739
843
-
-
11,190
0.0%
Fidelity Securities Lending Cash Central Fund 0.82%
39,878,125
119,559,262
126,368,837
6,237
-
-
33,068,550
0.1%
Total
39,948,909
154,232,407
161,101,576
7,080
-
-
33,079,740
  
 
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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