0001752724-23-145968.txt : 20230627 0001752724-23-145968.hdr.sgml : 20230627 20230627125659 ACCESSION NUMBER: 0001752724-23-145968 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230430 FILED AS OF DATE: 20230627 DATE AS OF CHANGE: 20230627 PERIOD START: 20240131 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: 231045554 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 S000039312 Fidelity Telecom and Utilities Fund C000121123 Fidelity Telecom and Utilities Fund FIUIX NPORT-P 1 primary_doc.xml NPORT-P false 0000320351 XXXXXXXX S000039312 C000121123 Fidelity Select Portfolios 811-03114 0000320351 Z57125JG1LHEQKDYS630 245 Summer Street Boston 02210 1-800-FIDELITY Fidelity Telecom and Utilities Fund S000039312 8CMSOP48PY112BQJ9144 2024-01-31 2023-04-30 N 944468170.92 10153516.06 934314654.86 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 4674586.85000000 N DUKE ENERGY CORP NEW I1BZKREC126H0VB1BL91 DUKE ENERGY CORP NEW 26441C204 129240.00000000 NS USD 12779251.20000000 1.367767393300 Long EC CORP US N 1 N N N AT and T INC 549300Z40J86GGSTL398 AT and T INC 00206R102 5279800.00000000 NS USD 93294066.00000000 9.985294088529 Long EC CORP US N 1 N N N ENTERGY CORP NEW 4XM3TW50JULSLG8BNC79 ENTERGY CORP 29364G103 172015.00000000 NS USD 18505373.70000000 1.980636138343 Long EC CORP US N 1 N N N T-MOBILE US INC 549300QHIJYOHPACPG31 T-MOBILE US INC 872590104 571969.00000000 NS USD 82306339.10000000 8.809274121075 Long EC CORP US N 1 N N N SOUTHERN COMPANY 549300FC3G3YU2FBZD92 SOUTHERN CO 842587107 1186365.00000000 NS USD 87257145.75000000 9.339160559680 Long EC CORP US N 1 N N N NEXTERA ENERGY INC N/A NEXTERA ENERGY INC 65339F101 1610374.00000000 NS USD 123402959.62000000 13.20785872062 Long EC CORP US N 1 N N N SEMPRA ENERGY PBBKGKLRK5S5C0Y4T545 SEMPRA ENERGY 816851109 291371.00000000 NS USD 45305276.79000000 4.849038442706 Long EC CORP US N 1 N N N DOMINION ENERGY INC ILUL7B6Z54MRYCF6H308 DOMINION ENERGY INC 25746U109 658742.00000000 NS USD 37640517.88000000 4.028676815054 Long EC CORP US N 1 N N N FIRSTENERGY CORP 549300SVYJS666PQJH88 FIRSTENERGY CORP 337932107 327077.00000000 NS USD 13017664.60000000 1.393284856690 Long EC CORP US N 1 N N N AMERICAN WATER WORKS CO INC 549300DXHIJQMD5WFW18 AMERICAN WATER WRKS COMPANY 030420103 242100.00000000 NS USD 35891325.00000000 3.841460134795 Long EC CORP US N 1 N N N SUNRUN INC 54930007SJ77CI66U531 SUNRUN INC 86771W105 480100.00000000 NS USD 10101304.00000000 1.081145837481 Long EC CORP US N 1 N N PG and E CORP 8YQ2GSDWYZXO2EDN3511 PG and E CORP 69331C108 3613374.00000000 NS USD 61824829.14000000 6.617131479037 Long EC CORP US N 1 N N N ENERGY HARBOR CORP 5493003HK03UVPUSUP12 ENERGY HARBOR CORP 29279N102 154400.00000000 NS USD 12050920.00000000 1.289813869162 Long EC CORP US N 1 N N N FRONTIER COMMUNICATIONS PARENT INC N/A FRONTIER COMMUNICATIONS PARENT INC 35909D109 79500.00000000 NS USD 1791930.00000000 0.191790848048 Long EC CORP US N 1 N N NISOURCE INC 549300D8GOWWH0SJB189 NISOURCE INC 65473P105 432400.00000000 NS USD 12306104.00000000 1.317126295299 Long EC CORP US N 1 N N N NEXTERA ENERGY PARTNERS LP 5493008F4ZOQFNG3WN54 NEXTERA ENERGY PARTNERS LP 65341B106 218854.00000000 NS USD 12586293.54000000 1.347115072479 Long EC CORP US N 1 N N N COMCAST CORP NEW 51M0QTTNCGUN7KFCFZ59 COMCAST CORP CL A 20030N101 765300.00000000 NS USD 31660461.00000000 3.388629391106 Long EC CORP US N 1 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Cash Central Fund 31635A105 32807365.37600000 NS USD 32813926.85000000 3.512085214473 Long STIV RF US N 1 N N N CONSTELLATION ENERGY CORP N/A CONSTELLATION ENERGY CORP 21037T109 574280.00000000 NS USD 44449272.00000000 4.757419972895 Long EC CORP US N 1 N N N TELEPHONE and DATA SYSTEMS INC N/A TELEPHONE and DATA SYSTEMS INC 879433829 236054.00000000 NS USD 2360540.00000000 0.252649360439 Long EC CORP US N 1 N N N PUBLIC SERVICE ENTERPRISE GROUP INC PUSS41EMO3E6XXNV3U28 PUBLIC SVC ENTERPRISE GRP INC 744573106 719600.00000000 NS USD 45478720.00000000 4.867602125625 Long EC CORP US N 1 N N N EDISON INTERNATIONAL 549300I7ROF15MAEVP56 EDISON INTL 281020107 617328.00000000 NS USD 45435340.80000000 4.862959235805 Long EC CORP US N 1 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Securities Lending Cash Central Fund 31635A303 9444318.17300000 NS USD 9445262.60000000 1.010929514042 Long STIV RF US N 1 N N PPL CORPORATION 9N3UAJSNOUXFKQLF3V18 PPL CORPORATION 69351T106 791009.00000000 NS USD 22717778.48000000 2.431491185740 Long EC CORP US N 1 N N N VISTRA CORP 549300KP43CPCUJOOG15 VISTRA CORP 92840M102 712941.00000000 NS USD 17010772.26000000 1.820668462333 Long EC CORP US N 1 N N N 2023-05-30 Stacie M. Smith Stacie M. Smith Stacie M. Smith President and Treasurer XXXX NPORT-EX 2 QTLY_311_20230430.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Telecom and Utilities Fund
April 30, 2023
UIF-NPRT1-0623
1.800364.119
Common Stocks - 92.8%
 
  
Shares
Value ($)
(000s)
 
COMMUNICATION SERVICES - 22.4%
 
  
  
Diversified Telecommunication Services - 10.2%
  
  
  
AT&T, Inc.
 
5,279,800
93,294
Frontier Communications Parent, Inc. (a)(b)
  
79,500
1,792
 
  
  
95,086
Media - 3.4%
  
  
  
Comcast Corp. Class A
 
765,300
31,660
Wireless Telecommunication Services - 8.8%
  
  
  
T-Mobile U.S., Inc. (a)
  
555,869
79,990
Telephone & Data Systems, Inc.
 
236,054
2,361
 
  
  
82,351
TOTAL COMMUNICATION SERVICES
  
  
209,097
INDUSTRIALS - 1.1%
 
  
  
Electrical Equipment - 1.1%
  
  
  
Sunrun, Inc. (a)(b)
  
480,100
10,101
UTILITIES - 69.3%
 
  
  
Electric Utilities - 46.0%
  
  
  
Constellation Energy Corp.
 
574,280
44,449
Duke Energy Corp.
 
129,240
12,779
Edison International
 
617,328
45,435
Entergy Corp.
 
172,015
18,505
FirstEnergy Corp.
 
327,077
13,018
NextEra Energy, Inc.
 
1,610,374
123,403
PG&E Corp. (a)
  
3,613,374
61,825
PPL Corp.
 
791,009
22,718
Southern Co.
 
1,186,365
87,257
 
  
  
429,389
Independent Power and Renewable Electricity Producers - 4.4%
  
  
  
Energy Harbor Corp. (a)
  
154,400
12,051
NextEra Energy Partners LP
 
218,854
12,586
Vistra Corp.
 
712,941
17,011
 
  
  
41,648
Multi-Utilities - 15.1%
  
  
  
Dominion Energy, Inc.
 
658,742
37,641
NiSource, Inc.
 
432,400
12,306
Public Service Enterprise Group, Inc.
 
719,600
45,479
Sempra Energy
 
291,371
45,305
 
  
  
140,731
Water Utilities - 3.8%
  
  
  
American Water Works Co., Inc.
 
242,100
35,891
TOTAL UTILITIES
  
  
647,659
 
TOTAL COMMON STOCKS
 (Cost $687,377)
  
  
  
866,857
 
  
  
  
Money Market Funds - 5.2%
 
  
Shares
Value ($)
(000s)
 
Fidelity Cash Central Fund 4.88% (c)
  
36,970,307
36,978
Fidelity Securities Lending Cash Central Fund 4.88% (c)(d)
  
11,562,456
11,564
 
TOTAL MONEY MARKET FUNDS
 (Cost $48,542)
  
  
48,542
 
  
  
  
 
TOTAL INVESTMENT IN SECURITIES - 98.0%
 (Cost $735,919)
 
  
 
915,399
NET OTHER ASSETS (LIABILITIES) - 2.0%  
18,817
NET ASSETS - 100.0%
934,216
 
  
 
Any values shown as $0 in the Schedule of Investments may reflect amounts less than $500.
 
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 (Amounts in thousands)
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 4.88%
17,633
118,923
99,578
351
-
-
36,978
0.1%
Fidelity Securities Lending Cash Central Fund 4.88%
1,146
13,042
2,624
-
-
-
11,564
0.0%
Total
18,779
131,965
102,202
351
-
-
48,542
  
 
  
  
  
  
  
  
  
  
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
 
Amounts in the dividend income column 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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