0001752724-23-014725.txt : 20230126 0001752724-23-014725.hdr.sgml : 20230126 20230126130832 ACCESSION NUMBER: 0001752724-23-014725 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: 23556582 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 S000007485 Telecommunications Portfolio C000020459 Telecommunications Portfolio FSTCX C000040631 Fidelity Advisor Telecommunications Fund: Class A FTUAX C000040633 Fidelity Advisor Telecommunications Fund: Class C FTUCX C000040634 Fidelity Advisor Telecommunications Fund: Class M FTUTX C000040635 Fidelity Advisor Telecommunications Fund: Class I FTUIX C000205045 Fidelity Advisor Telecommunications Fund: Class Z FIJGX NPORT-P 1 primary_doc.xml NPORT-P false 0000320351 XXXXXXXX S000007485 C000040633 C000020459 C000040631 C000040634 C000205045 C000040635 Fidelity Select Portfolios 811-03114 0000320351 Z57125JG1LHEQKDYS630 245 Summer Street Boston 02210 1-800-FIDELITY Select Telecommunications Portfolio S000007485 1HEB0K54PXJOB1DB9N04 2023-02-28 2022-11-30 N 241669844.29 16072206.54 225597637.75 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 0.29000000 N LIBERTY BROADBAND CORP 549300MIX43II8JLN536 LIBERTY BROADBAND CORP C 530307305 56924.00000000 NS USD 5172114.64000000 2.292628013122 Long EC CORP US N 1 N N N CHARTER COMMUNICATIONS INC 0J0XRGZE3PBRFEZ7MV65 CHARTER COMMUNICATIONS INC A 16119P108 2800.00000000 NS USD 1095612.00000000 0.485648702232 Long EC CORP US N 1 N N N GLOBALSTAR INC 549300NEX8I0MSOW0R64 GLOBALSTAR INC 378973408 2252100.00000000 NS USD 4278990.00000000 1.896735286183 Long EC CORP US N 1 N N AT and T INC 549300Z40J86GGSTL398 AT and T INC 00206R102 2431420.00000000 NS USD 46877777.60000000 20.77937431771 Long EC CORP US N 1 N N N LIBERTY LATIN AMERICA LTD 213800YWQHEAX7CAVO83 LIBERTY LATIN AMERICA LTD CL C N/A 1053033.00000000 NS USD 8203127.07000000 3.636175959914 Long EC CORP BM N 1 N N N UNITED STATES CELLULAR CORP N/A UNITED STATES CELLULAR CORP 911684108 78900.00000000 NS USD 1677414.00000000 0.743542360075 Long EC CORP US N 1 N N N T-MOBILE US INC 549300QHIJYOHPACPG31 T-MOBILE US INC 872590104 84324.00000000 NS USD 12771713.04000000 5.661279598216 Long EC CORP US N 1 N N N LIBERTY GLOBAL PLC 549300BSGXG3QLIQYT84 LIBERTY GLOBAL PLC CL C N/A 470736.00000000 NS USD 9734820.48000000 4.315125183530 Long EC CORP GB N 1 N N N IRIDIUM COMMUNICATIONS INC 549300U620NVQ4J1CT96 IRIDIUM COMMUNICATIONS INC 46269C102 203011.00000000 NS USD 10779884.10000000 4.778367454337 Long EC CORP US N 1 N N N DYCOM INDUSTRIES INC 549300F56EKTHQI3WT60 DYCOM INDUSTRIES INC 267475101 3700.00000000 NS USD 337218.00000000 0.149477629005 Long EC CORP US N 1 N N N RADIUS GLOBAL INFRASTRUCTURE INC 213800NT341MQ5USBX63 RADIUS GLOBAL INFRASTRUCTURE INC 750481103 584200.00000000 NS USD 7395972.00000000 3.278390710897 Long EC CORP US N 1 N N N BANDWIDTH INC 549300QC70JB7MUGXM66 BANDWIDTH INC 05988J103 83700.00000000 NS USD 1913382.00000000 0.848139199985 Long EC CORP US N 1 N N N IDT CORP 549300JNTN7ZMJDFCL56 IDT CORP CL B NEW 448947507 157000.00000000 NS USD 4388150.00000000 1.945122317664 Long EC CORP US N 1 N N N FRONTIER COMMUNICATIONS PARENT INC N/A FRONTIER COMMUNICATIONS PARENT INC 35909D109 232100.00000000 NS USD 5981217.00000000 2.651276431638 Long EC CORP US N 1 N N SHENANDOAH TELECOM CO 549300XH3H4OUKFPHS84 SHENANDOAH TELECOM CO 82312B106 49323.00000000 NS USD 960318.81000000 0.425677688639 Long EC CORP US N 1 N N ANTERIX INC 549300QIX2QHFGIEQG40 ANTERIX INC 03676C100 118700.00000000 NS USD 4035800.00000000 1.788937171617 Long EC CORP US N 1 N N N COGENT COMMUNICATIONS HOLDINGS INC N/A COGENT COMMUNICATIONS HOLDINGS INC 19239V302 188439.00000000 NS USD 10938883.95000000 4.848846849239 Long EC CORP US N 1 N N N MILLICOM INTL CELLULAR SA 549300CTHC1CP86P2G96 MILLICOM INTL CELL SA N/A 75310.00000000 NS USD 1022709.80000000 0.453333558897 Long EC CORP LU N 1 N N N ECHOSTAR CORP 549300EE20907QZ9GT38 ECHOSTAR CORP CL A 278768106 289000.00000000 NS USD 5028600.00000000 2.229012701619 Long EC CORP US N 1 N N COMCAST CORP NEW 51M0QTTNCGUN7KFCFZ59 COMCAST CORP CL A 20030N101 207400.00000000 NS USD 7599136.00000000 3.368446618408 Long EC CORP US N 1 N N N VERIZON COMMUNICATIONS INC 2S72QS2UO2OESLG6Y829 VERIZON COMMUNICATIONS INC 92343V104 1335897.00000000 NS USD 52073265.06000000 23.08236273187 Long EC CORP US N 1 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Cash Central Fund 31635A105 2666850.87000000 NS USD 2667384.24000000 1.182363550701 Long STIV RF US N 1 N N N TELEPHONE and DATA SYSTEMS INC N/A TELEPHONE and DATA SYSTEMS INC 879433829 551964.00000000 NS USD 5817700.56000000 2.578794981198 Long EC CORP US N 1 N N N TWILIO INC 5493004W8TRGD63APX93 TWILIO INC CLASS A 90138F102 4000.00000000 NS USD 196080.00000000 0.086915803709 Long EC CORP US N 1 N N N GOGO INC 549300VL3DIHSFHYTO04 GOGO INC 38046C109 530800.00000000 NS USD 8328252.00000000 3.691639718864 Long EC CORP US N 1 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Securities Lending Cash Central Fund 31635A303 15890137.24800000 NS USD 15891726.26000000 7.044278662886 Long STIV RF US N 1 N N ATN INTERNATIONAL INC 54930013NP7VEU877V56 ATN INTERNATIONAL INC 00215F107 56300.00000000 NS USD 2725483.00000000 1.208116816817 Long EC CORP US N 1 N N N AMDOCS LIMITED 549300HQV672RJ7RQV66 AMDOCS LTD N/A 15200.00000000 NS USD 1350672.00000000 0.598708396715 Long EC CORP GG N 1 N N N RINGCENTRAL INC 549300C8EH0H1614VE84 RINGCENTRAL INC CL A 76680R206 8500.00000000 NS USD 315010.00000000 0.139633554296 Long EC CORP US N 1 N N N LUMEN TECHNOLOGIES 8M3THTGWLTYZVE6BBY25 LUMEN TECHNOLOGIES INC 550241103 350400.00000000 NS USD 1916688.00000000 0.849604640862 Long EC CORP US N 1 N N 2022-12-30 Stacie M. Smith Stacie M. Smith Stacie M. Smith President and Treasurer XXXX NPORT-EX 2 QTLY_96_20221130.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Select Portfolios®
Telecommunications Portfolio
November 30, 2022
TEL-NPRT3-0123
1.810721.118
Common Stocks - 98.6%
 
  
Shares
Value ($)
 
Construction & Engineering - 0.2%
 
  
  
Construction & Engineering - 0.2%
  
  
  
Dycom Industries, Inc. (a)
  
3,700
337,218
Diversified Telecommunication Services - 78.0%
 
  
  
Alternative Carriers - 25.1%
  
  
  
Anterix, Inc. (a)
  
118,700
4,035,800
Bandwidth, Inc. (a)
  
83,700
1,913,382
Cogent Communications Group, Inc.
 
184,639
10,718,294
EchoStar Holding Corp. Class A (a)(b)
  
289,000
5,028,600
Globalstar, Inc. (a)(b)
  
2,252,100
4,278,990
Iridium Communications, Inc. (a)
  
203,011
10,779,884
Liberty Global PLC Class C (a)
  
470,736
9,734,820
Liberty Latin America Ltd. Class C (a)
  
1,053,033
8,203,127
Lumen Technologies, Inc. (b)
  
350,400
1,916,688
 
  
  
56,609,585
Integrated Telecommunication Services - 52.9%
  
  
  
AT&T, Inc.
 
2,431,420
46,877,778
ATN International, Inc.
 
56,300
2,725,483
Frontier Communications Parent, Inc. (a)(b)
  
232,100
5,981,217
IDT Corp. Class B (a)
  
157,000
4,388,150
Radius Global Infrastructure, Inc. (a)
  
584,200
7,395,972
Verizon Communications, Inc.
 
1,335,897
52,073,265
 
  
  
119,441,865
TOTAL DIVERSIFIED TELECOMMUNICATION SERVICES
  
  
176,051,450
IT Services - 0.7%
 
  
  
Internet Services & Infrastructure - 0.1%
  
  
  
Twilio, Inc. Class A (a)
  
4,000
196,080
IT Consulting & Other Services - 0.6%
  
  
  
Amdocs Ltd.
 
15,200
1,350,672
TOTAL IT SERVICES
  
  
1,546,752
Media - 6.1%
 
  
  
Cable & Satellite - 6.1%
  
  
  
Charter Communications, Inc. Class A (a)
  
2,800
1,095,612
Comcast Corp. Class A
 
207,400
7,599,136
Liberty Broadband Corp. Class C (a)
  
56,924
5,172,115
 
  
  
13,866,863
Software - 0.1%
 
  
  
Application Software - 0.1%
  
  
  
RingCentral, Inc. (a)
  
8,500
315,010
Wireless Telecommunication Services - 13.5%
 
  
  
Wireless Telecommunication Services - 13.5%
  
  
  
Gogo, Inc. (a)
  
530,800
8,328,252
Millicom International Cellular SA (a)
  
75,310
1,022,710
Shenandoah Telecommunications Co. (b)
  
49,323
960,319
T-Mobile U.S., Inc. (a)
  
82,824
12,544,523
Telephone & Data Systems, Inc.
 
551,964
5,817,701
U.S. Cellular Corp. (a)
  
78,900
1,677,414
 
  
  
30,350,919
 
TOTAL COMMON STOCKS
 (Cost $237,517,986)
  
  
  
222,468,212
 
  
  
  
Money Market Funds - 8.6%
 
  
Shares
Value ($)
 
Fidelity Cash Central Fund 3.86% (c)
  
2,666,851
2,667,384
Fidelity Securities Lending Cash Central Fund 3.86% (c)(d)
  
16,717,679
16,719,351
 
TOTAL MONEY MARKET FUNDS
 (Cost $19,386,735)
  
  
19,386,735
 
  
  
  
 
TOTAL INVESTMENT IN SECURITIES - 107.2%
 (Cost $256,904,721)
 
  
 
241,854,947
NET OTHER ASSETS (LIABILITIES) - (7.2)%  
(16,222,307)
NET ASSETS - 100.0%
225,632,640
 
  
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%
2,983,817
40,163,950
40,480,383
90,801
-
-
2,667,384
0.0%
Fidelity Securities Lending Cash Central Fund 3.86%
27,079,836
92,912,521
103,273,006
17,667
-
-
16,719,351
0.1%
Total
30,063,653
133,076,471
143,753,389
108,468
-
-
19,386,735
  
 
  
  
  
  
  
  
  
  
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.
 
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