0001752724-23-014662.txt : 20230126 0001752724-23-014662.hdr.sgml : 20230126 20230126130141 ACCESSION NUMBER: 0001752724-23-014662 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20221130 FILED AS OF DATE: 20230126 DATE AS OF CHANGE: 20230126 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: 23556506 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 2022-11-30 N 822472545.16 13533678.60 808938866.56 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 3135.93000000 N CVR ENERGY INC 529900SOYZIXZBTXB558 CVR ENERGY INC 12662P108 49900.00000000 NS USD 1838815.00000000 0.227311985616 Long EC CORP US N 1 N N N MEG ENERGY CORP 5493002WXPTG5ZC1T326 MEG ENERGY CORP 552704108 2163112.00000000 NS 30794777.39000000 3.806811449294 Long EC CORP CA N 1 N N N PHILLIPS 66 5493005JBO5YSIGK1814 PHILLIPS 66 718546104 328716.00000000 NS USD 35645963.04000000 4.406508886336 Long EC CORP US N 1 N N N LYONDELLBASELL INDS NV BN6WCCZ8OVP3ITUUVN49 LYONDELLBASELL INDS CLASS A N/A 51800.00000000 NS USD 4403518.00000000 0.544357328103 Long EC CORP NL N 1 N N N CANADIAN NATURAL RESOURCES LTD 549300T15RIMIKZC5Q38 CANADIAN NATL RESOURCES LTD 136385101 1146000.00000000 NS USD 68439120.00000000 8.460357491665 Long EC CORP CA N 1 N N LINDE PLC 8945002PAZHZLBGKGF02 LINDE PLC N/A 19200.00000000 NS USD 6460416.00000000 0.798628458473 Long EC CORP IE N 1 N N N CHAMPIONX CORP 549300EP2909K6DYYP38 CHAMPIONX CORP 15872M104 34300.00000000 NS USD 1057812.00000000 0.130765382123 Long EC CORP US N 1 N N N DELTIC ENERGY PLC 213800TS8K1D27AFP275 DELTIC ENERGY PLC N/A 22208415.00000000 NS 814269.54000000 0.100658971111 Long EC CORP GB N 2 N N N ECO ATLANTIC OIL and GAS LTD 213800WPR7ASTDWQUW50 ECO ATLANTIC OIL and GAS INC 27887W100 2997500.00000000 NS 802215.37000000 0.099168849855 Long EC CORP CA N 1 N N N ANTERO RESOURCES CORPORATION APVBKPOULHUX7YZLKU17 ANTERO RES CORP 03674X106 320900.00000000 NS USD 11728895.00000000 1.449911171888 Long EC CORP US N 1 N N N SCHLUMBERGER LTD 213800ZUA17OK3QLGM62 SCHLUMBERGER LTD 806857108 816600.00000000 NS USD 42095730.00000000 5.203820923948 Long EC CORP CW N 1 N N N FIRST QUANTUM MINERALS LTD 549300I7UVBGWRYMYZ18 FIRST QUANTUM MINERALS INC 335934105 839300.00000000 NS 19953770.21000000 2.466659847220 Long EC CORP CA N 1 N N N GENESIS ENERGY MLP 549300VJ5D6MDK138782 GENESIS ENERGY LP LTD INT UNIT 371927104 497174.00000000 NS USD 5255129.18000000 0.649632425543 Long EC CORP US N 1 N N N GLENCORE PLC 2138002658CPO9NBH955 GLENCORE PLC N/A 3383800.00000000 NS 23091441.85000000 2.854534848621 Long EC CORP JE N 2 N N N CHEMTRADE LOGISTICS INCOME FD N/A CHEMTRADE LOGISTICS INCOME FD 16387P103 167500.00000000 NS 1154313.65000000 0.142694794095 Long EC CORP CA N 1 N N N AVERY DENNISON CORP 549300PW7VPFCYKLIV37 AVERY DENNISON CORP 053611109 53700.00000000 NS USD 10381821.00000000 1.283387587018 Long EC CORP US N 1 N N N HALLIBURTON CO ENYF8GB5SMQZ25S06U51 HALLIBURTON CO 406216101 100100.00000000 NS USD 3792789.00000000 0.468859781225 Long EC CORP US N 1 N N N HESS CORP UASVRYNXNK17ULIGK870 HESS CORP 42809H107 541900.00000000 NS USD 77984829.00000000 9.640385970280 Long EC CORP US N 1 N N N VALARIS LTD N/A VALARIS LTD N/A 39500.00000000 NS USD 2607395.00000000 0.322322873555 Long EC CORP BM N 1 N N N TECHNIPFMC PLC 549300D5I93QWCJTCK36 TECHNIPFMC PLC N/A 848300.00000000 NS USD 10518920.00000000 1.300335592074 Long EC CORP GB N 1 N N N VERTEX ENERGY INC 549300TTMSREGCR7D585 VERTEX ENERGY INC 92534K107 231500.00000000 NS USD 1919135.00000000 0.237241042473 Long EC CORP US N 1 N N CHEMOURS CO 549300M1BOLNXL8DOV14 CHEMOURS CO/ THE 163851108 102100.00000000 NS USD 3170205.00000000 0.391896734234 Long EC CORP US N 1 N N N EXPRO GROUP HOLDINGS NV 724500LJYA8QIT73H017 FRANK'S INTERNATIONAL NV N/A 1030700.00000000 NS USD 17903259.00000000 2.213178243756 Long EC CORP NL N 1 N N VALERO ENERGY CORP 549300XTO5VR8SKV1V74 VALERO ENERGY CORP 91913Y100 264100.00000000 NS USD 35289042.00000000 4.362386758602 Long EC CORP US N 1 N N N TOURMALINE OIL CORP 549300EWGW5PUCV5A109 TOURMALINE OIL CORP 89156V106 420800.00000000 NS 25611192.80000000 3.166023275517 Long EC CORP CA N 1 N N N APTARGROUP INC VNPEQDQFAA7IY1T2PX43 APTARGROUP INC 038336103 84000.00000000 NS USD 8915760.00000000 1.102154979635 Long EC CORP US N 1 N N N FREEPORT-MCMORAN INC 549300IRDTHJQ1PVET45 FREEPORT MCMORAN INC 35671D857 861400.00000000 NS USD 34283720.00000000 4.238110123919 Long EC CORP US N 1 N N N IVANHOE MINE LTD 5299006XZISURYIA4G32 IVANHOE MINES LTD 46579R104 682812.00000000 NS 6111628.06000000 0.755511734278 Long EC CORP CA N 1 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Cash Central Fund 31635A105 11044339.98800000 NS USD 11046548.86000000 1.365560404703 Long STIV RF US N 1 N N N EQUINOR ASA OW6OFBNCKXC4US5C7523 EQUINOR ASA SPONS ADR 29446M102 574600.00000000 NS USD 22110608.00000000 2.733285408083 Long EC CORP NO N 1 N N N WEATHERFORD INTERNATIONAL PLC 529900LPBDSCQDJKHQ39 WEATHERFORD INTERNATIONAL PLC N/A 331835.00000000 NS USD 14401639.00000000 1.780312406207 Long EC CORP IE N 1 N N N EXXON MOBIL CORP J3WHBG0MTS7O8ZVMDC91 EXXON MOBIL CORP 30231G102 1319100.00000000 NS USD 146868594.00000000 18.15570991471 Long EC CORP US N 1 N N N IMPERIAL OIL LTD 549300MO45LTBPAU4Z27 IMPERIAL OIL LTD 453038408 966000.00000000 NS 54958911.65000000 6.793951177511 Long EC CORP CA N 1 N N N CAMECO CORP N4BHALMXL3GMZKCUON55 CAMECO CORP 13321L108 164000.00000000 NS USD 3998320.00000000 0.494267263607 Long EC CORP CA N 1 N N N PBF ENERGY INC 2549003PBEDCSZMZIY02 PBF ENERGY INC CL A 69318G106 47800.00000000 NS USD 1901006.00000000 0.234999958412 Long EC CORP US N 1 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Securities Lending Cash Central Fund 31635A303 12203254.68400000 NS USD 12204475.01000000 1.508701771482 Long STIV RF US N 1 N N GREIF INC 54930070FVGKR0Z1FI24 GREIF INC CL A 397624107 104100.00000000 NS USD 7319271.00000000 0.904799027783 Long EC CORP US N 1 N N N AFRICA OIL CORP 549300071188HIDJEB11 AFRICA OIL CORP 00829Q101 3453600.00000000 NS 7445593.43000000 0.920414846879 Long EC CORP CA N 1 N N N FRANCO NEVADA CORP N/A FRANCO-NEVADA CORP 351858105 77900.00000000 NS 11379081.14000000 1.406667624759 Long EC CORP CA N 1 N N N KOSMOS ENERGY LTD 213800YDFJ3OT9B5P157 KOSMOS ENERGY LTD 500688106 3452500.00000000 NS USD 22959125.00000000 2.838178006903 Long EC CORP US N 1 N N N SEALED AIR CORP Q0M0CZB4YN6JZ65WXI09 SEALED AIR CORP 81211K100 166000.00000000 NS USD 8836180.00000000 1.092317400643 Long EC CORP US N 1 N N N CELANESE CORP DEL 549300FHJQTDPPN41627 CELANESE CORP 150870103 27600.00000000 NS USD 2961480.00000000 0.366094413610 Long EC CORP US N 1 N N N 2022-12-30 Stacie M. Smith Stacie M. Smith Stacie M. Smith President and Treasurer XXXX NPORT-EX 2 QTLY_514_20221130.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Natural Resources Fund
November 30, 2022
NAT-NPRT3-0123
1.810716.118
Common Stocks - 98.5%
 
  
Shares
Value ($)
 
Chemicals - 2.3%
 
  
  
Commodity Chemicals - 0.7%
  
  
  
Chemtrade Logistics Income Fund
 
220,400
1,518,870
LyondellBasell Industries NV Class A
 
51,800
4,403,518
 
  
  
5,922,388
Diversified Chemicals - 0.4%
  
  
  
The Chemours Co. LLC
 
102,100
3,170,205
Industrial Gases - 0.8%
  
  
  
Linde PLC
 
19,200
6,460,416
Specialty Chemicals - 0.4%
  
  
  
Celanese Corp. Class A
 
27,600
2,961,480
TOTAL CHEMICALS
  
  
18,514,489
Containers & Packaging - 4.4%
 
  
  
Metal & Glass Containers - 2.0%
  
  
  
Aptargroup, Inc.
 
84,000
8,915,760
Greif, Inc. Class A
 
104,100
7,319,271
 
  
  
16,235,031
Paper Packaging - 2.4%
  
  
  
Avery Dennison Corp.
 
53,700
10,381,821
Sealed Air Corp.
 
166,000
8,836,180
 
  
  
19,218,001
TOTAL CONTAINERS & PACKAGING
  
  
35,453,032
Energy Equipment & Services - 11.4%
 
  
  
Oil & Gas Drilling - 0.3%
  
  
  
Valaris Ltd. (a)
  
39,500
2,607,395
Oil & Gas Equipment & Services - 11.1%
  
  
  
Championx Corp.
 
34,300
1,057,812
Expro Group Holdings NV (a)(b)
  
1,030,700
17,903,259
Halliburton Co.
 
100,100
3,792,789
Schlumberger Ltd.
 
816,600
42,095,730
TechnipFMC PLC (a)
  
848,300
10,518,920
Weatherford International PLC (a)
  
339,635
14,740,159
 
  
  
90,108,669
TOTAL ENERGY EQUIPMENT & SERVICES
  
  
92,716,064
Metals & Mining - 11.7%
 
  
  
Copper - 6.7%
  
  
  
First Quantum Minerals Ltd.
 
839,300
19,953,770
Freeport-McMoRan, Inc.
 
861,400
34,283,720
 
  
  
54,237,490
Diversified Metals & Mining - 3.6%
  
  
  
Glencore PLC
 
3,383,800
23,091,442
Ivanhoe Mines Ltd. (a)
  
682,812
6,111,628
 
  
  
29,203,070
Gold - 1.4%
  
  
  
Franco-Nevada Corp.
 
77,900
11,379,081
TOTAL METALS & MINING
  
  
94,819,641
Oil, Gas & Consumable Fuels - 68.7%
 
  
  
Coal & Consumable Fuels - 0.5%
  
  
  
Cameco Corp.
 
164,000
3,998,320
Integrated Oil & Gas - 27.6%
  
  
  
Equinor ASA sponsored ADR
 
574,600
22,110,608
Exxon Mobil Corp.
 
1,319,100
146,868,594
Imperial Oil Ltd.
 
966,000
54,958,912
 
  
  
223,938,114
Oil & Gas Exploration & Production - 30.5%
  
  
  
Africa Oil Corp.
 
3,453,600
7,445,593
Antero Resources Corp. (a)
  
320,900
11,728,895
Canadian Natural Resources Ltd.
 
1,146,000
68,439,120
Deltic Energy PLC (a)
  
22,208,415
814,270
Eco Atlantic Oil & Gas Ltd. (a)
  
3,259,000
872,200
Hess Corp.
 
541,900
77,984,829
Kosmos Energy Ltd. (a)
  
3,452,500
22,959,125
MEG Energy Corp. (a)
  
2,163,112
30,794,777
Tourmaline Oil Corp.
 
420,800
25,611,193
 
  
  
246,650,002
Oil & Gas Refining & Marketing - 9.5%
  
  
  
CVR Energy, Inc.
 
49,900
1,838,815
PBF Energy, Inc. Class A
 
47,800
1,901,006
Phillips 66 Co.
 
328,716
35,645,963
Valero Energy Corp.
 
264,100
35,289,042
Vertex Energy, Inc. (a)(b)
  
231,500
1,919,135
 
  
  
76,593,961
Oil & Gas Storage & Transport - 0.6%
  
  
  
Genesis Energy LP
 
440,774
4,658,981
TOTAL OIL, GAS & CONSUMABLE FUELS
  
  
555,839,378
 
TOTAL COMMON STOCKS
 (Cost $546,054,324)
  
  
  
797,342,604
 
  
  
  
Money Market Funds - 1.7%
 
  
Shares
Value ($)
 
Fidelity Cash Central Fund 3.86% (c)
  
11,044,340
11,046,549
Fidelity Securities Lending Cash Central Fund 3.86% (c)(d)
  
3,136,536
3,136,850
 
TOTAL MONEY MARKET FUNDS
 (Cost $14,183,399)
  
  
14,183,399
 
  
  
  
 
TOTAL INVESTMENT IN SECURITIES - 100.2%
 (Cost $560,237,723)
 
  
 
811,526,003
NET OTHER ASSETS (LIABILITIES) - (0.2)%  
(1,888,942)
NET ASSETS - 100.0%
809,637,061
 
  
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 3.86%
5,185,303
177,237,200
171,375,954
83,937
-
-
11,046,549
0.0%
Fidelity Securities Lending Cash Central Fund 3.86%
18,439,385
111,852,093
127,154,628
36,191
-
-
3,136,850
0.0%
Total
23,624,688
289,089,293
298,530,582
120,128
-
-
14,183,399
  
 
  
  
  
  
  
  
  
  
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 designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services 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 the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.   
 
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 service 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.