0001752724-23-163384.txt : 20230726 0001752724-23-163384.hdr.sgml : 20230726 20230726104704 ACCESSION NUMBER: 0001752724-23-163384 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: 231110960 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 S000007459 Energy Portfolio C000020433 Energy Portfolio FSENX NPORT-P 1 primary_doc.xml NPORT-P false 0000320351 XXXXXXXX S000007459 C000020433 Fidelity Select Portfolios 811-03114 0000320351 Z57125JG1LHEQKDYS630 245 Summer Street Boston 02210 1-800-FIDELITY Select Energy Portfolio S000007459 LCWPDYLM5BN9NB57VU08 2024-02-28 2023-05-31 N 2312999431.34 67449829.73 2245549601.61 0.00000000 0.00000000 0.00000000 0.00000000 23589000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 540.54000000 N PROFRAC HOLDING CORP N/A PROFRAC HOLDING CORP 74319N100 633700.00000000 NS USD 7110114.00000000 0.316631349176 Long EC CORP US N 1 N N ENERGY TRANSFER LP MTLVN9N7JE8MIBIJ1H73 ENERGY TRANSFER LP 29273V100 2538400.00000000 NS USD 31476160.00000000 1.401712969396 Long EC CORP US N 1 N N N PHILLIPS 66 5493005JBO5YSIGK1814 PHILLIPS 66 718546104 425373.00000000 NS USD 38968420.53000000 1.735362269533 Long EC CORP US N 1 N N N CENOVUS ENERGY INC 549300F4XPHJ7NOSP309 CENOVUS ENERGY INC WT 01/01/26 15135U117 97500.00000000 NS USD 1073475.00000000 0.047804555251 Long EC CORP CA N 1 N N N CANADIAN NATURAL RESOURCES LTD 549300T15RIMIKZC5Q38 CANADIAN NATL RESOURCES LTD 136385101 25780.00000000 NS USD 1389026.40000000 0.061856856735 Long EC CORP CA N 1 N N N GOLAR LNG LTD 213800C2VSFZG3EZLO34 GOLAR LNG LTD N/A 370433.00000000 NS USD 7619806.81000000 0.339329258393 Long EC CORP BM N 1 N N N ODFJELL DRILLING LTD 529900M08ZU24JXMPB85 ODFJELL DRILLING LTD N/A 1535318.00000000 NS 3589259.84000000 0.159838813510 Long EC CORP BM N 1 N N N OCCIDENTAL PETROLEUM CORP IM7X0T3ECJW4C1T7ON55 OCCIDENTAL PETROLEUM CORP WT 08/03/27 674599162 99550.00000000 NS USD 3551944.00000000 0.158177044829 Long EC CORP US N 1 N N N CONOCOPHILLIPS INC WPTL2Z3FIYTHSP5V2253 CONOCOPHILLIPS 20825C104 1110566.00000000 NS USD 110279203.80000000 4.911011706039 Long EC CORP US N 1 N N N NATIONAL ENERGY SERVICES REUNITED CORP N/A NATIONAL ENERGY SERVICES REUNITED CORP N/A 1808118.00000000 NS USD 5424354.00000000 0.241560195157 Long EC CORP VG N 1 N N N PROPETRO HOLDING CORP N/A PROPETRO HOLDING CORP 74347M108 850601.00000000 NS USD 5673508.67000000 0.252655682418 Long EC CORP US N 1 N N N EQT CORP 4NT01YGM4X7ZX86ISY52 EQT CORPORATION 26884L109 244300.00000000 NS USD 8494311.00000000 0.378273140522 Long EC CORP US N 1 N N N CHORD ENERGY CORP 529900FA4V2YNIKZ0M71 CHORD ENERGY CORP 674215207 71952.00000000 NS USD 10292014.08000000 0.458329402860 Long EC CORP US N 1 N N N PDC ENERGY INC 5493008W8H2T511J5Y59 PDC ENERGY INC 69327R101 879007.00000000 NS USD 60317460.34000000 2.686088977805 Long EC CORP US N 1 N N N MAGNOLIA OIL and GAS CORPORATION N/A MAGNOLIA OIL and GAS CORPO CL A 559663109 400600.00000000 NS USD 7743598.00000000 0.344841993000 Long EC CORP US N 1 N N N OCEANEERING INTERNATIONAL INC 549300L6PH74701W0R30 OCEANEERING INTERNATIONAL INC 675232102 853130.00000000 NS USD 13061420.30000000 0.581658062268 Long EC CORP US N 1 N N N NORTHERN OIL AND GAS INC OKFF0PIZDDMNH4UCYE51 NORTHERN OIL AND GAS INC 665531307 123860.00000000 NS USD 3704652.60000000 0.164977544799 Long EC CORP US N 1 N N N ANTERO RESOURCES CORPORATION APVBKPOULHUX7YZLKU17 ANTERO RES CORP 03674X106 1095900.00000000 NS USD 22367319.00000000 0.996073254581 Long EC CORP US N 1 N N N SCHLUMBERGER LTD 213800ZUA17OK3QLGM62 SCHLUMBERGER LTD 806857108 2155469.00000000 NS USD 92318737.27000000 4.111186731471 Long EC CORP CW N 1 N N N APA CORP 549300VCIWLRHYVSHC79 APA CORP 03743Q108 931600.00000000 NS USD 29606248.00000000 1.318441061322 Long EC CORP US N 1 N N N CENOVUS ENERGY INC 549300F4XPHJ7NOSP309 CENOVUS ENERGY INC 15135U109 4062806.00000000 NS 64915110.23000000 2.890833949223 Long EC CORP CA N 1 N N N PIONEER NATURAL RESOURCES CO FY8JBF7CCL2VE4F1B628 PIONEER NATURAL RESOURCES CO 723787107 189266.00000000 NS USD 37747211.04000000 1.680978724003 Long EC CORP US N 1 N N N HALLIBURTON CO ENYF8GB5SMQZ25S06U51 HALLIBURTON CO 406216101 3006800.00000000 NS USD 86144820.00000000 3.836246589175 Long EC CORP US N 1 N N N OCCIDENTAL PETROLEUM CORP IM7X0T3ECJW4C1T7ON55 OCCIDENTAL PETROLEUM CORP 674599105 1502115.00000000 NS USD 86611950.90000000 3.857049108953 Long EC CORP US N 1 N N N HESS CORP UASVRYNXNK17ULIGK870 HESS CORP 42809H107 668600.00000000 NS USD 84691562.00000000 3.771529336928 Long EC CORP US N 1 N N N VALARIS LTD N/A VALARIS LTD N/A 393200.00000000 NS USD 22699436.00000000 1.010863264108 Long EC CORP BM N 1 N N N TECHNIPFMC PLC 549300D5I93QWCJTCK36 TECHNIPFMC PLC N/A 3247272.00000000 NS USD 42669154.08000000 1.900165289130 Long EC CORP GB N 1 N N N VALERO ENERGY CORP 549300XTO5VR8SKV1V74 VALERO ENERGY CORP 91913Y100 887100.00000000 NS USD 94955184.00000000 4.228594368697 Long EC CORP US N 1 N N N NATIONAL OILWELL VARCO INC 549300EHF3IW1AR6U008 NOV INC 62955J103 757600.00000000 NS USD 10659432.00000000 0.474691451587 Long EC CORP US N 1 N N N MARATHON PETROLEUM CORP 3BNYRYQHD39K4LCKQF12 MARATHON PETROLEUM CORP 56585A102 873392.00000000 NS USD 91627554.72000000 4.080406625367 Long EC CORP US N 1 N N N DIAMONDBACK ENERGY INC 549300R22LSX6OHWEN64 DIAMONDBACK ENERGY INC 25278X109 163300.00000000 NS USD 20763595.00000000 0.924655371010 Long EC CORP US N 1 N N N SHELF DRILLING LTD 549300PTFC72J38UQF59 SHELF DRILLING LTD N/A 1347589.00000000 NS 2549446.77000000 0.113533309091 Long EC CORP KY N 1 N N N COTERRA ENERGY INC FCNMH6O7VWU7LHXMK351 COTERRA ENERGY INC 127097103 413198.00000000 NS USD 9606853.50000000 0.427817470302 Long EC CORP US N 1 N N EXXON MOBIL CORP J3WHBG0MTS7O8ZVMDC91 EXXON MOBIL CORP 30231G102 5469246.00000000 NS USD 558847556.28000000 24.88689432107 Long EC CORP US N 1 N N N IMPERIAL OIL LTD 549300MO45LTBPAU4Z27 IMPERIAL OIL LTD 453038408 462400.00000000 NS 20989383.43000000 0.934710300540 Long EC CORP CA N 1 N N N ARCH RESOURCES INC W47HVZ7Q6FXL86RELH91 ARCH RESOURCES INC CL A 03940R107 49000.00000000 NS USD 5064150.00000000 0.225519400523 Long EC CORP US N 1 N N N NOBLE CORP PLC 549300I3HBUNXO0OG954 NOBLE CORP PLC N/A 210700.00000000 NS USD 7951818.00000000 0.354114555933 Long EC CORP GB N 1 N N N CALLON PETROLEUM CO DEL 549300EFOWPEB0WLZW21 CALLON PETROLEUM CO 13123X508 69300.00000000 NS USD 2122659.00000000 0.094527370870 Long EC CORP US N 1 N N N CHEVRON CORP NEW N/A CHEVRON CORP 166764100 1034603.00000000 NS USD 155831903.86000000 6.939588586610 Long EC CORP US N 1 N N N EOG RESOURCES INC XWTZDRYZPBUHIQBKDB46 EOG RESOURCES INC 26875P101 272864.00000000 NS USD 29275578.56000000 1.303715515302 Long EC CORP US N 1 N N N NABORS INDUSTRIES LTD 5493008TXYN3II3PU369 NABORS INDUSTRIES LTD WT 06/11/26 N/A 36999.00000000 NS USD 517986.00000000 0.023067225931 Long EC CORP BM N 1 N N N DEVON ENERGY CORP NEW 54930042348RKR3ZPN35 DEVON ENERGY CORP 25179M103 688300.00000000 NS USD 31730630.00000000 1.413045161739 Long EC CORP US N 1 N N N CANADIAN NATURAL RESOURCES LTD 549300T15RIMIKZC5Q38 CANADIAN NATL RESOURCES LTD 136385101 1534800.00000000 NS 82681343.65000000 3.682009232426 Long EC CORP CA N 1 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Securities Lending Cash Central Fund 31635A303 42003482.33200000 NS USD 42007682.68000000 1.870708295638 Long STIV RF US N 1 N N NEXTIER OILFIELD SOLUTIONS INC 529900L27H2D4QT0IT24 NEXTIER OILFIELD SOLUTIONS INC 65290C105 3985000.00000000 NS USD 30046900.00000000 1.338064408751 Long EC CORP US N 1 N N CIVITAS RESOURCES INC IIVIHPH28S64K95M2381 CIVITAS RESOURCES INC 17888H103 189454.00000000 NS USD 12655527.20000000 0.563582616519 Long EC CORP US N 1 N N N SM ENERGY CO 84BUTVXV5ODI6BXNMH43 SM ENERGY CO 78454L100 222200.00000000 NS USD 5841638.00000000 0.260142906476 Long EC CORP US N 1 N N N OVINTIV INC 2549003MEX7YMKLGI239 OVINTIV INC 69047Q102 751300.00000000 NS USD 24845491.00000000 1.106432517998 Long EC CORP US N 1 N N N RANGE RESOURCES CORP H3Y3WLYCX0BTO1TRW162 RANGE RESOURCES CORP 75281A109 1194600.00000000 NS USD 32696202.00000000 1.456044523646 Long EC CORP US N 1 N N N VISTRA CORP 549300KP43CPCUJOOG15 VISTRA CORP 92840M102 399800.00000000 NS USD 9583206.00000000 0.426764387352 Long EC CORP US N 1 N N N SUNCOR ENERGY INC 549300W70ZOQDVLCHY06 SUNCOR ENERGY INC 867224107 1081300.00000000 NS 30292330.76000000 1.348994060887 Long EC CORP CA N 1 N N CHENIERE ENERGY INC MIHC87W9WTYSYZWV1J40 CHENIERE ENERGY INC 16411R208 547512.00000000 NS USD 76525752.24000000 3.407885186999 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_60_20230531.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Select Portfolios®
Energy Portfolio
May 31, 2023
ENE-NPRT1-0723
1.802168.119
Common Stocks - 99.7%
 
  
Shares
Value ($)
 
Energy Equipment & Services - 14.5%
 
  
  
Oil & Gas Drilling - 1.7%
  
  
  
Nabors Industries Ltd. warrants 6/11/26 (a)
  
36,999
517,986
Noble Corp. PLC (a)
  
210,700
7,951,818
Odfjell Drilling Ltd. (a)
  
1,535,318
3,589,260
Shelf Drilling Ltd. (a)(b)
  
1,347,589
2,549,447
Valaris Ltd. (a)
  
393,200
22,699,436
 
  
  
37,307,947
Oil & Gas Equipment & Services - 12.8%
  
  
  
Halliburton Co.
 
2,992,400
85,732,260
Nextier Oilfield Solutions, Inc. (a)(c)
  
3,955,400
29,823,716
NOV, Inc.
 
757,600
10,659,432
Oceaneering International, Inc. (a)
  
853,130
13,061,420
ProFrac Holding Corp. (c)
  
633,700
7,110,114
ProPetro Holding Corp. (a)
  
850,601
5,673,509
Schlumberger Ltd.
 
2,145,069
91,873,305
TechnipFMC PLC (a)
  
3,230,872
42,453,658
 
  
  
286,387,414
TOTAL ENERGY EQUIPMENT & SERVICES
  
  
323,695,361
Independent Power and Renewable Electricity Producers - 0.4%
 
  
  
Independent Power Producers & Energy Traders - 0.4%
  
  
  
Vistra Corp.
 
399,800
9,583,206
Oil, Gas & Consumable Fuels - 84.8%
 
  
  
Coal & Consumable Fuels - 0.2%
  
  
  
Arch Resources, Inc.
 
49,000
5,064,150
Integrated Oil & Gas - 41.1%
  
  
  
Cenovus Energy, Inc.:
  
  
  
 warrants (a)
  
97,500
1,073,475
 (Canada)
 
4,043,006
64,598,748
Chevron Corp.
 
1,029,603
155,078,804
Exxon Mobil Corp.
 
5,443,046
556,170,438
Imperial Oil Ltd.
 
462,400
20,989,383
Occidental Petroleum Corp.
 
1,494,615
86,179,501
Occidental Petroleum Corp. warrants 8/3/27 (a)
  
99,550
3,551,944
Suncor Energy, Inc. (c)
  
1,073,300
30,068,213
 
  
  
917,710,506
Oil & Gas Exploration & Production - 28.3%
  
  
  
Antero Resources Corp. (a)
  
1,095,900
22,367,319
APA Corp.
 
924,500
29,380,610
Callon Petroleum Co. (a)
  
69,300
2,122,659
Canadian Natural Resources Ltd.
 
1,527,300
82,277,311
Canadian Natural Resources Ltd.
 
25,780
1,389,026
Chord Energy Corp.
 
71,952
10,292,014
Civitas Resources, Inc.
 
189,454
12,655,527
ConocoPhillips Co.
 
1,105,266
109,752,914
Coterra Energy, Inc.
 
413,198
9,606,854
Devon Energy Corp.
 
683,400
31,504,740
Diamondback Energy, Inc.
 
163,300
20,763,595
EOG Resources, Inc.
 
270,764
29,050,270
EQT Corp.
 
244,300
8,494,311
Hess Corp.
 
665,400
84,286,218
Magnolia Oil & Gas Corp. Class A
 
400,600
7,743,598
National Energy Services Reunited Corp. (a)
  
1,808,118
5,424,354
Northern Oil & Gas, Inc.
 
123,860
3,704,653
Ovintiv, Inc.
 
751,300
24,845,491
PDC Energy, Inc.
 
874,807
60,029,256
Pioneer Natural Resources Co.
 
188,066
37,507,883
Range Resources Corp.
 
1,186,300
32,469,031
SM Energy Co.
 
222,200
5,841,638
 
  
  
631,509,272
Oil & Gas Refining & Marketing - 10.0%
  
  
  
Marathon Petroleum Corp.
 
869,192
91,186,933
Phillips 66 Co.
 
422,873
38,739,396
Valero Energy Corp.
 
882,800
94,494,912
 
  
  
224,421,241
Oil & Gas Storage & Transportation - 5.2%
  
  
  
Cheniere Energy, Inc.
 
544,912
76,162,350
Energy Transfer LP
 
2,520,100
31,249,240
Golar LNG Ltd.
 
370,433
7,619,807
 
  
  
115,031,397
TOTAL OIL, GAS & CONSUMABLE FUELS
  
  
1,893,736,566
 
TOTAL COMMON STOCKS
 (Cost $1,426,372,469)
  
  
  
2,227,015,133
 
  
  
  
Money Market Funds - 1.7%
 
  
Shares
Value ($)
 
Fidelity Securities Lending Cash Central Fund 5.14% (d)(e)
 
 (Cost $37,614,808)
 
  
37,611,047
37,614,808
 
  
  
  
 
TOTAL INVESTMENT IN SECURITIES - 101.4%
 (Cost $1,463,987,277)
 
  
 
2,264,629,941
NET OTHER ASSETS (LIABILITIES) - (1.4)%  
(30,946,984)
NET ASSETS - 100.0%
2,233,682,957
 
  
Legend
 
(a)
Non-income producing
 
(b)
Security exempt from registration under Rule 144A of the Securities Act of 1933.  These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $2,549,447 or 0.1% of net assets.
 
(c)
Security or a portion of the security is on loan at period end.
 
(d)
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.
 
(e)
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%
613
19,987,471
19,988,084
6,561
-
-
-
0.0%
Fidelity Securities Lending Cash Central Fund 5.14%
46,148,408
298,372,463
306,906,063
19,201
-
-
37,614,808
0.1%
Total
46,149,021
318,359,934
326,894,147
25,762
-
-
37,614,808
  
 
  
  
  
  
  
  
  
  
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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