0001752724-23-163322.txt : 20230726 0001752724-23-163322.hdr.sgml : 20230726 20230726104229 ACCESSION NUMBER: 0001752724-23-163322 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230531 FILED AS OF DATE: 20230726 DATE AS OF CHANGE: 20230726 PERIOD START: 20240228 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: 231110861 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 2024-02-28 2023-05-31 N 647562643.68 29111691.07 618450952.61 0.00000000 0.00000000 0.00000000 0.00000000 3978000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1446.06000000 N MEG ENERGY CORP 5493002WXPTG5ZC1T326 MEG ENERGY CORP 552704108 1845312.00000000 NS 27880183.51000000 4.508067033018 Long EC CORP CA N 1 N N N PHILLIPS 66 5493005JBO5YSIGK1814 PHILLIPS 66 718546104 363316.00000000 NS USD 33283378.76000000 5.381732960315 Long EC CORP US N 1 N N N LYONDELLBASELL INDS NV BN6WCCZ8OVP3ITUUVN49 LYONDELLBASELL INDS CLASS A N/A 110600.00000000 NS USD 9460724.00000000 1.529745238498 Long EC CORP NL N 1 N N N CANADIAN NATURAL RESOURCES LTD 549300T15RIMIKZC5Q38 CANADIAN NATL RESOURCES LTD 136385101 818800.00000000 NS USD 44116944.00000000 7.133458815742 Long EC CORP CA N 1 N N DELTIC ENERGY PLC 213800TS8K1D27AFP275 DELTIC ENERGY PLC N/A 678540.00000000 NS 213127.63000000 0.034461525057 Long EC CORP GB N 1 N N N ECO ATLANTIC OIL and GAS LTD 213800WPR7ASTDWQUW50 ECO ATLANTIC OIL and GAS INC 27887W100 5375000.00000000 NS 1207642.73000000 0.195268957854 Long EC CORP CA N 1 N N N SCHLUMBERGER LTD 213800ZUA17OK3QLGM62 SCHLUMBERGER LTD 806857108 472800.00000000 NS USD 20250024.00000000 3.274313656489 Long EC CORP CW N 1 N N N FIRST QUANTUM MINERALS LTD 549300I7UVBGWRYMYZ18 FIRST QUANTUM MINERALS INC 335934105 803500.00000000 NS 16833546.96000000 2.721888759158 Long EC CORP CA N 1 N N N GLENCORE PLC 2138002658CPO9NBH955 GLENCORE PLC N/A 1502900.00000000 NS 7686061.39000000 1.242792392438 Long EC CORP JE N 2 N N N CROWN HOLDINGS INC NYLWZIOY8PUNIT4JOE22 CROWN HOLDINGS INC 228368106 101600.00000000 NS USD 7744968.00000000 1.252317256091 Long EC CORP US N 1 N N N AVERY DENNISON CORP 549300PW7VPFCYKLIV37 AVERY DENNISON CORP 053611109 55400.00000000 NS USD 8926602.00000000 1.443380750296 Long EC CORP US N 1 N N N CORE LABORATORIES INC N/A CORE LABORATORIES INC 21867A105 36600.00000000 NS USD 800442.00000000 0.129426916818 Long EC CORP US N 1 N N N HESS CORP UASVRYNXNK17ULIGK870 HESS CORP 42809H107 340700.00000000 NS USD 43156469.00000000 6.978155473424 Long EC CORP US N 1 N N N VALARIS LTD N/A VALARIS LTD N/A 63600.00000000 NS USD 3671628.00000000 0.593681355733 Long EC CORP BM N 1 N N N TECHNIPFMC PLC 549300D5I93QWCJTCK36 TECHNIPFMC PLC N/A 875500.00000000 NS USD 11504070.00000000 1.860142659890 Long EC CORP GB N 1 N N N AGNICO EAGLE MINES LTD YGE0EUBRF7IJOB3QRX76 AGNICO EAGLE MINES LTD 008474108 183000.00000000 NS USD 9292740.00000000 1.502583181541 Long EC CORP CA N 1 N N N EXPRO GROUP HOLDINGS NV 724500LJYA8QIT73H017 EXPRO GROUP HOLDINGS NV N/A 1005000.00000000 NS USD 16672950.00000000 2.695921144536 Long EC CORP NL N 1 N N N VALERO ENERGY CORP 549300XTO5VR8SKV1V74 VALERO ENERGY CORP 91913Y100 266800.00000000 NS USD 28558272.00000000 4.617710083471 Long EC CORP US N 1 N N N APTARGROUP INC VNPEQDQFAA7IY1T2PX43 APTARGROUP INC 038336103 80300.00000000 NS USD 9032947.00000000 1.460576131684 Long EC CORP US N 1 N N N FREEPORT-MCMORAN INC 549300IRDTHJQ1PVET45 FREEPORT MCMORAN INC 35671D857 646800.00000000 NS USD 22211112.00000000 3.591410427336 Long EC CORP US N 1 N N N IVANHOE MINE LTD 5299006XZISURYIA4G32 IVANHOE MINES LTD 46579R104 723400.00000000 NS 5296939.96000000 0.856485051505 Long EC CORP CA N 1 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Cash Central Fund 31635A105 491.52200000 NS USD 491.62000000 0.000079492156 Long STIV RF US N 1 N N N EQUINOR ASA OW6OFBNCKXC4US5C7523 EQUINOR ASA SPONS ADR 29446M102 252500.00000000 NS USD 6395825.00000000 1.034168509727 Long EC CORP NO N 1 N N N WEATHERFORD INTERNATIONAL PLC 529900LPBDSCQDJKHQ39 WEATHERFORD INTERNATIONAL PLC N/A 370464.00000000 NS USD 20908988.16000000 3.380864411601 Long EC CORP IE N 1 N N N EXXON MOBIL CORP J3WHBG0MTS7O8ZVMDC91 EXXON MOBIL CORP 30231G102 1277000.00000000 NS USD 130483860.00000000 21.09849769805 Long EC CORP US N 1 N N N IMPERIAL OIL LTD 549300MO45LTBPAU4Z27 IMPERIAL OIL LTD 453038408 841800.00000000 NS 38211208.84000000 6.178535044491 Long EC CORP CA N 1 N N N NOBLE CORP PLC 549300I3HBUNXO0OG954 NOBLE CORP PLC N/A 46400.00000000 NS USD 1751136.00000000 0.283148727091 Long EC CORP GB N 1 N N N CAMECO CORP N4BHALMXL3GMZKCUON55 CAMECO CORP 13321L108 60553.00000000 NS USD 1685795.52000000 0.272583543268 Long EC CORP CA N 1 N N PBF ENERGY INC 2549003PBEDCSZMZIY02 PBF ENERGY INC CL A 69318G106 86700.00000000 NS USD 3191427.00000000 0.516035586416 Long EC CORP US N 1 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Securities Lending Cash Central Fund 31635A303 24578717.15100000 NS USD 24581175.02000000 3.974636131816 Long STIV RF US N 1 N N HORIZONTE MINERALS PLC 213800OEYYR39UNYQY91 HORIZONTE MINERALS PLC N/A 2056100.00000000 NS 3452875.56000000 0.558310330904 Long EC CORP GB N 1 N N GREIF INC 54930070FVGKR0Z1FI24 GREIF INC CL A 397624107 125300.00000000 NS USD 7530530.00000000 1.217643851661 Long EC CORP US N 1 N N N AFRICA OIL CORP 549300071188HIDJEB11 AFRICA OIL CORP 00829Q101 6776800.00000000 NS 14477141.80000000 2.340871452926 Long EC CORP CA N 1 N N N FRANCO NEVADA CORP N/A FRANCO-NEVADA CORP 351858105 113600.00000000 NS 16509029.83000000 2.669416185766 Long EC CORP CA N 1 N N N KOSMOS ENERGY LTD 213800YDFJ3OT9B5P157 KOSMOS ENERGY LTD 500688106 2652000.00000000 NS USD 15805920.00000000 2.555727327008 Long EC CORP US N 1 N N N DIAMOND OFFSHORE DRILLING INC F14FQJ2EEHW5VPYUHL14 DIAMOND OFFSHORE 25271C201 140100.00000000 NS USD 1534095.00000000 0.248054432372 Long EC CORP US N 1 N N N LINDE PLC 5299003QR1WT0EF88V51 LINDE PLC N/A 30500.00000000 NS USD 10786630.00000000 1.744136694183 Long EC CORP IE N 1 N N N CELANESE CORP DEL 549300FHJQTDPPN41627 CELANESE CORP 150870103 32600.00000000 NS USD 3391052.00000000 0.548313813033 Long EC CORP US N 1 N N N NEWMONT CORP 549300VSP3RIX7FGDZ51 NEWMONT CORP 651639106 322600.00000000 NS USD 13081430.00000000 2.115192796582 Long EC CORP US N 1 N N N 2023-06-30 Stacie M. Smith Stacie M. Smith Stacie M. Smith President and Treasurer XXXX NPORT-EX 2 QTLY_514_20230531.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Natural Resources Fund
May 31, 2023
NAT-NPRT1-0723
1.802184.119
Common Stocks - 99.6%
 
  
Shares
Value ($)
 
Chemicals - 3.8%
 
  
  
Commodity Chemicals - 1.5%
  
  
  
LyondellBasell Industries NV Class A
 
110,600
9,460,724
Industrial Gases - 1.8%
  
  
  
Linde PLC
 
30,500
10,786,630
Specialty Chemicals - 0.5%
  
  
  
Celanese Corp. Class A
 
32,600
3,391,052
TOTAL CHEMICALS
  
  
23,638,406
Containers & Packaging - 5.4%
 
  
  
Metal, Glass & Plastic Containers - 3.9%
  
  
  
Aptargroup, Inc.
 
79,700
8,965,453
Crown Holdings, Inc.
 
101,600
7,744,968
Greif, Inc. Class A
 
124,200
7,464,420
 
  
  
24,174,841
Paper & Plastic Packaging Products & Materials - 1.5%
  
  
  
Avery Dennison Corp.
 
55,400
8,926,602
TOTAL CONTAINERS & PACKAGING
  
  
33,101,443
Energy Equipment & Services - 12.4%
 
  
  
Oil & Gas Drilling - 1.1%
  
  
  
Diamond Offshore Drilling, Inc. (a)
  
140,100
1,534,095
Noble Corp. PLC (a)
  
46,400
1,751,136
Valaris Ltd. (a)
  
63,600
3,671,628
 
  
  
6,956,859
Oil & Gas Equipment & Services - 11.3%
  
  
  
Core Laboratories, Inc.
 
36,600
800,442
Expro Group Holdings NV (a)
  
985,700
16,352,763
Schlumberger Ltd.
 
469,800
20,121,534
TechnipFMC PLC (a)
  
875,500
11,504,070
Weatherford International PLC (a)
  
370,464
20,908,988
 
  
  
69,687,797
TOTAL ENERGY EQUIPMENT & SERVICES
  
  
76,644,656
Metals & Mining - 15.2%
 
  
  
Copper - 6.3%
  
  
  
First Quantum Minerals Ltd.
 
803,500
16,833,547
Freeport-McMoRan, Inc.
 
643,000
22,080,620
 
  
  
38,914,167
Diversified Metals & Mining - 2.6%
  
  
  
Glencore PLC
 
1,470,000
7,517,806
Horizonte Minerals PLC (a)(b)
  
2,059,200
3,458,081
Ivanhoe Mines Ltd. (a)
  
723,400
5,296,940
 
  
  
16,272,827
Gold - 6.3%
  
  
  
Agnico Eagle Mines Ltd. (United States)
 
181,800
9,231,804
Franco-Nevada Corp.
 
113,600
16,509,030
Newmont Corp.
 
319,500
12,955,725
 
  
  
38,696,559
TOTAL METALS & MINING
  
  
93,883,553
Oil, Gas & Consumable Fuels - 62.8%
 
  
  
Coal & Consumable Fuels - 0.3%
  
  
  
Cameco Corp. (b)
  
60,553
1,685,796
Integrated Oil & Gas - 28.3%
  
  
  
Equinor ASA sponsored ADR
 
252,500
6,395,825
Exxon Mobil Corp.
 
1,268,400
129,605,110
Imperial Oil Ltd.
 
834,800
37,893,463
 
  
  
173,894,398
Oil & Gas Exploration & Production - 23.7%
  
  
  
Africa Oil Corp.
 
6,776,800
14,477,142
Canadian Natural Resources Ltd.
 
811,600
43,729,008
Deltic Energy PLC (a)
  
678,540
213,128
Eco Atlantic Oil & Gas Ltd. (a)
  
5,375,000
1,207,643
Hess Corp.
 
338,700
42,903,129
Kosmos Energy Ltd. (a)
  
2,641,500
15,743,340
MEG Energy Corp. (a)
  
1,845,312
27,880,184
 
  
  
146,153,574
Oil & Gas Refining & Marketing - 10.5%
  
  
  
PBF Energy, Inc. Class A
 
86,700
3,191,427
Phillips 66 Co.
 
363,316
33,283,379
Valero Energy Corp.
 
265,000
28,365,600
 
  
  
64,840,406
TOTAL OIL, GAS & CONSUMABLE FUELS
  
  
386,574,174
 
TOTAL COMMON STOCKS
 (Cost $458,739,106)
  
  
  
613,842,232
 
  
  
  
Money Market Funds - 0.3%
 
  
Shares
Value ($)
 
Fidelity Cash Central Fund 5.14% (c)
  
492
492
Fidelity Securities Lending Cash Central Fund 5.14% (c)(d)
  
1,697,847
1,698,017
 
TOTAL MONEY MARKET FUNDS
 (Cost $1,698,509)
  
  
1,698,509
 
  
  
  
 
TOTAL INVESTMENT IN SECURITIES - 99.9%
 (Cost $460,437,615)
 
  
 
615,540,741
NET OTHER ASSETS (LIABILITIES) - 0.1%  
457,183
NET ASSETS - 100.0%
615,997,924
 
  
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 5.14%
8,697,934
45,184,697
53,882,139
45,819
-
-
492
0.0%
Fidelity Securities Lending Cash Central Fund 5.14%
5,144,250
54,837,267
58,283,500
4,047
-
-
1,698,017
0.0%
Total
13,842,184
100,021,964
112,165,639
49,866
-
-
1,698,509
  
 
  
  
  
  
  
  
  
  
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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