0001752724-23-014733.txt : 20230126 0001752724-23-014733.hdr.sgml : 20230126 20230126130838 ACCESSION NUMBER: 0001752724-23-014733 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: 23556593 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 2023-02-28 2022-11-30 N 380013336.96 230106.30 379783230.66 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 2.92000000 N ONEMAIN HLDGS INC 549300E3VEW8SMS5XW09 ONEMAIN HOLDINGS INC 68268W103 23100.00000000 NS USD 909216.00000000 0.239403935350 Long EC CORP US N 1 N N N ARCH CAPITAL GROUP LTD 549300AYR4P8AFKDCE43 ARCH CAPITAL GROUP LTD N/A 181900.00000000 NS USD 10897629.00000000 2.869433961331 Long EC CORP BM N 1 N N N MARKEL CORP 549300SCNO12JLWIK605 MARKEL CORP 570535104 2720.00000000 NS USD 3603564.80000000 0.948847792393 Long EC CORP US N 1 N N N BROWN and BROWN INC 549300PC8KTJ71XKFY89 BROWN and BROWN INC 115236101 166200.00000000 NS USD 9903858.00000000 2.607766009781 Long EC CORP US N 1 N N N PROGRESSIVE CORP OHIO 529900TACNVLY9DCR586 PROGRESSIVE CORP OHIO 743315103 160700.00000000 NS USD 21236505.00000000 5.591743733153 Long EC CORP US N 1 N N N ZURICH INSURANCE GROUP AG 529900QVNRBND50TXP03 ZURICH INSURANCE GROUP AG N/A 3646.00000000 NS 1751673.44000000 0.461229801262 Long EC CORP CH N 2 N N N PRUDENTIAL FINL INC 5PRBRS5FEH7NREC8OR45 PRUDENTIAL FINANCIAL INC 744320102 86789.00000000 NS USD 9375815.67000000 2.468728188368 Long EC CORP US N 1 N N N ASSURED GUARANTY LTD 549300BBOQUJEPH87M14 ASSURED GUARANTY LTD N/A 45800.00000000 NS USD 3048906.00000000 0.802801638898 Long EC CORP BM N 1 N N N AFLAC INC 549300N0B7DOGLXWPP39 AFLAC INC 001055102 65300.00000000 NS USD 4697029.00000000 1.236765770789 Long EC CORP US N 1 N N N APOLLO GLOBAL MANAGEMENT INC N/A APOLLO GLOBAL MANAGEMENT INC 03769M106 117737.00000000 NS USD 8169770.43000000 2.151166710494 Long EC CORP US N 1 N N N CHUBB LTD E0JAN6VLUDI1HITHT809 CHUBB LTD N/A 113505.00000000 NS USD 24924562.95000000 6.562839256142 Long EC CORP CH N 1 N N N BLACKROCK INC 549300LRIF3NWCU26A80 BLACKROCK INC 09247X101 1500.00000000 NS USD 1074000.00000000 0.282792896920 Long EC CORP US N 1 N N N MAIDEN HLDGS LTD 5493000GQUKNWGNXRZ91 MAIDEN HLDGS LTD N/A 400.00000000 NS USD 836.00000000 0.000220125569 Long EC CORP BM N 1 N N CHINA PACIFIC INSURANCELTD (GROUP) CO LTD 529900BA5ILEL308WX03 CHINA PACIFIC INS(GRP) CO LTD H N/A 210600.00000000 NS 479645.13000000 0.126294446747 Long EC CORP CN N 2 N N N CINCINNATI FINANCIAL CORP 254900Q4WEDMZBOZ0002 CINCINNATI FINANCIAL CORP 172062101 19300.00000000 NS USD 2141528.00000000 0.563881663831 Long EC CORP US N 1 N N N LOEWS CORP R8V1FN4M5ITGZOG7BS19 LOEWS CORP 540424108 105300.00000000 NS USD 6123195.00000000 1.612286827240 Long EC CORP US N 1 N N N HARTFORD FINL SVCS GROUP INC IU7C3FTM7Y3BQM112U94 HARTFORD FINL SVCS GROUP INC 416515104 229300.00000000 NS USD 17511641.00000000 4.610956879156 Long EC CORP US N 1 N N N MARSH and MCLENNAN COS INC 549300XMP3KDCKJXIU47 MARSH and MCLENNAN COS INC 571748102 235600.00000000 NS USD 40801208.00000000 10.74328846197 Long EC CORP US N 1 N N N METLIFE INC C4BXATY60WC6XEOZDX54 METLIFE INC 59156R108 262075.00000000 NS USD 20101152.50000000 5.292796226170 Long EC CORP US N 1 N N N REINSURANCE GROUP OF AMERICA INC LORM1GNEU1DKEW527V90 REINSURANCE GROUP OF AMERICA 759351604 78000.00000000 NS USD 11263200.00000000 2.965691765912 Long EC CORP US N 1 N N N WILLIS TOWERS WATSON PLC 549300WHC56FF48KL350 WILLIS TOWERS WATSON PLC N/A 30928.00000000 NS USD 7613236.48000000 2.004626814819 Long EC CORP IE N 1 N N N AMERICAN INTERNATIONAL GROUP INC ODVCVCQG2BP6VHV36M30 AMERICAN INTERNATIONAL GROUP 026874784 473250.00000000 NS USD 29866807.50000000 7.864172266926 Long EC CORP US N 1 N N N PRINCIPAL FINANCIAL GROUP INC CUMYEZJOAF02RYZ1JJ85 PRINCIPAL FINL GROUP INC 74251V102 109700.00000000 NS USD 9837896.00000000 2.590397681041 Long EC CORP US N 1 N N N GLOBE LIFE INC 5493001JFHKQOPP6XA71 GLOBE LIFE INC 37959E102 51300.00000000 NS USD 6153948.00000000 1.620384341168 Long EC CORP US N 1 N N N GALLAGHER (ARTHUR J.) and CO 54930049QLLMPART6V29 ARTHUR J GALLAGHAR AND CO 363576109 114500.00000000 NS USD 22798095.00000000 6.002923025427 Long EC CORP US N 1 N N N PRIMERICA INC 254900621R686KJR7022 PRIMERICA INC 74164M108 24000.00000000 NS USD 3576720.00000000 0.941779339173 Long EC CORP US N 1 N N N PRUDENTIAL PLC 5493001Z3ZE83NGK8Y12 PRUDENTIAL PLC N/A 39900.00000000 NS 474610.17000000 0.124968701007 Long EC CORP GB N 2 N N N JACKSON FINANCIAL INC 213800WXW2KG1N4CO374 JACKSON FINANCIAL INC 46817M107 895.00000000 NS USD 33428.25000000 0.008801928916 Long EC CORP US N 1 N N N EVEREST REINSURANCE GROUP LTD 549300N24XF2VV0B3570 EVEREST REINSURANCE GROUP LTD N/A 3700.00000000 NS USD 1250378.00000000 0.329234652574 Long EC CORP BM N 1 N N N ARES MANAGEMENT CORP 529900JUV61FH7B8VW38 ARES MANAGEMENT CORP CL A 03990B101 91814.00000000 NS USD 7197299.46000000 1.895107229324 Long EC CORP US N 1 N N N FIDELITY NATIONAL FINANCIAL INC 549300CAZYIH39SYQ287 FIDELITY NATIONAL FINL INC 31620R303 67700.00000000 NS USD 2732372.00000000 0.719455673503 Long EC CORP US N 1 N N N BERKSHIRE HATHAWAY INC DEL 5493000C01ZX7D35SD85 BERKSHIRE HATHAWAY INC CL B 084670702 33000.00000000 NS USD 10513800.00000000 2.768368677502 Long EC CORP US N 1 N N N CNO FINANCIAL GROUP INC 11XPYHB76MPM4Y4P2897 CNO FINANCIAL GROUP INC 12621E103 216200.00000000 NS USD 5076376.00000000 1.336650907723 Long EC CORP US N 1 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Cash Central Fund 31635A105 4934813.79300000 NS USD 4935800.76000000 1.299636308697 Long STIV RF US N 1 N N N ALLSTATE CORP OBT0W1ED8G0NWVOLOJ77 ALLSTATE CORPORATION 020002101 113700.00000000 NS USD 15224430.00000000 4.008715701728 Long EC CORP US N 1 N N N MERCURY GENERAL CORP 5493001Q9EXPCEL4W527 MERCURY GENERAL CORP 589400100 200.00000000 NS USD 7256.00000000 0.001910563556 Long EC CORP US N 1 N N N FIRST AMERN FINL CORP 549300B6VEZK3N0A1P55 FIRST AMERICAN FINANCIAL CORP 31847R102 67900.00000000 NS USD 3710735.00000000 0.977066573885 Long EC CORP US N 1 N N N TRAVELERS COS INC 549300Y650407RU8B149 TRAVELERS COMPANIES INC 89417E109 153100.00000000 NS USD 29059911.00000000 7.651709884477 Long EC CORP US N 1 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Securities Lending Cash Central Fund 31635A303 674.93600000 NS USD 675.00000000 0.000177732965 Long STIV RF US N 1 N N ASSURANT INC H3F39CAXWQRVWURFXL38 ASSURANT INC 04621X108 31500.00000000 NS USD 4038930.00000000 1.063482975006 Long EC CORP US N 1 N N N AMERICAN FINL GROUP INC OHIO 549300AFOM7IVKIU1G39 AMERICAN FINL GROUP INC OHIO 025932104 200.00000000 NS USD 28444.00000000 0.007489535530 Long EC CORP US N 1 N N N MOODYS CORP 549300GCEDD8YCF5WU84 MOODYS CORP 615369105 1300.00000000 NS USD 387751.00000000 0.102097978187 Long EC CORP US N 1 N N N AON PLC 635400FALWQYX5E6QC64 AON PLC N/A 54700.00000000 NS USD 16862916.00000000 4.440142333481 Long EC CORP IE 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_145_20221130.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Select Portfolios®
Insurance Portfolio
November 30, 2022
PRC-NPRT3-0123
1.810674.118
Common Stocks - 98.7%
 
  
Shares
Value ($)
 
Capital Markets - 2.3%
 
  
  
Asset Management & Custody Banks - 2.2%
  
  
  
Ares Management Corp.
 
92,914
7,283,528
BlackRock, Inc. Class A
 
1,500
1,074,000
 
  
  
8,357,528
Financial Exchanges & Data - 0.1%
  
  
  
Moody's Corp.
 
1,300
387,751
TOTAL CAPITAL MARKETS
  
  
8,745,279
Consumer Finance - 0.2%
 
  
  
Consumer Finance - 0.2%
  
  
  
OneMain Holdings, Inc.
 
23,100
909,216
Diversified Financial Services - 5.0%
 
  
  
Multi-Sector Holdings - 2.8%
  
  
  
Berkshire Hathaway, Inc. Class B (a)
  
33,400
10,641,240
Other Diversified Financial Services - 2.2%
  
  
  
Apollo Global Management, Inc.
 
119,137
8,266,916
Jackson Financial, Inc.
 
895
33,428
 
  
  
8,300,344
TOTAL DIVERSIFIED FINANCIAL SERVICES
  
  
18,941,584
Insurance - 91.2%
 
  
  
Insurance Brokers - 26.0%
  
  
  
Aon PLC
 
55,400
17,078,712
Arthur J. Gallagher & Co.
 
115,900
23,076,849
Brown & Brown, Inc.
 
168,200
10,023,038
Marsh & McLennan Companies, Inc.
 
238,500
41,303,431
Willis Towers Watson PLC
 
30,928
7,613,236
 
  
  
99,095,266
Life & Health Insurance - 15.2%
  
  
  
AFLAC, Inc.
 
66,400
4,776,152
CNO Financial Group, Inc.
 
219,600
5,156,208
Globe Life, Inc.
 
52,000
6,237,920
MetLife, Inc.
 
237,018
18,179,281
Primerica, Inc.
 
24,400
3,636,332
Principal Financial Group, Inc.
 
111,100
9,963,448
Prudential Financial, Inc.
 
87,889
9,494,649
Prudential PLC
 
39,900
474,610
 
  
  
57,918,600
Multi-Line Insurance - 14.2%
  
  
  
American International Group, Inc.
 
479,050
30,232,846
Assurant, Inc.
 
32,100
4,115,862
China Pacific Insurance (Group) Co. Ltd. (H Shares)
 
210,600
479,645
Hartford Financial Services Group, Inc.
 
232,100
17,725,477
Zurich Insurance Group Ltd.
 
3,646
1,751,673
 
  
  
54,305,503
Property & Casualty Insurance - 32.5%
  
  
  
Allstate Corp.
 
115,100
15,411,890
American Financial Group, Inc.
 
200
28,444
Arch Capital Group Ltd. (a)
  
184,100
11,029,431
Assured Guaranty Ltd.
 
45,800
3,048,906
Chubb Ltd.
 
113,505
24,924,563
Cincinnati Financial Corp.
 
19,300
2,141,528
Fidelity National Financial, Inc.
 
67,700
2,732,372
First American Financial Corp.
 
69,400
3,792,710
Loews Corp.
 
106,700
6,204,605
Markel Corp. (a)
  
2,720
3,603,565
Mercury General Corp.
 
200
7,256
Progressive Corp.
 
162,700
21,500,805
The Travelers Companies, Inc.
 
154,305
29,288,632
 
  
  
123,714,707
Reinsurance - 3.3%
  
  
  
Everest Re Group Ltd.
 
3,700
1,250,378
Maiden Holdings Ltd. (a)(b)
  
400
836
Reinsurance Group of America, Inc.
 
78,000
11,263,200
 
  
  
12,514,414
TOTAL INSURANCE
  
  
347,548,490
 
TOTAL COMMON STOCKS
 (Cost $228,646,152)
  
  
  
376,144,569
 
  
  
  
Money Market Funds - 1.3%
 
  
Shares
Value ($)
 
Fidelity Cash Central Fund 3.86% (c)
  
4,934,814
4,935,801
Fidelity Securities Lending Cash Central Fund 3.86% (c)(d)
  
675
675
 
TOTAL MONEY MARKET FUNDS
 (Cost $4,936,476)
  
  
4,936,476
 
  
  
  
 
TOTAL INVESTMENT IN SECURITIES - 100.0%
 (Cost $233,582,628)
 
  
 
381,081,045
NET OTHER ASSETS (LIABILITIES) - 0.0%  
86,393
NET ASSETS - 100.0%
381,167,438
 
  
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%
1,824,492
123,619,779
120,508,470
42,934
-
-
4,935,801
0.0%
Fidelity Securities Lending Cash Central Fund 3.86%
550
11,923,184
11,923,059
456
-
-
675
0.0%
Total
1,825,042
135,542,963
132,431,529
43,390
-
-
4,936,476
  
 
  
  
  
  
  
  
  
  
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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