Quarterly Holdings Report

for

Fidelity® Select Portfolios®

Wireless Portfolio

May 31, 2023

WIR-NPRT1-0723

1.802194.119

Common Stocks - 99.8%
	Shares	Value ($)
Broadline Retail - 2.4%
Broadline Retail - 2.4%
Amazon.com, Inc. (a)	61,200	7,379,496
Communications Equipment - 7.1%
Communications Equipment - 7.1%
CommScope Holding Co., Inc. (a)	246,400	1,025,024
Ericsson:
(B Shares)	163,600	845,951
(B Shares) sponsored ADR (b)	478,400	2,468,544
Motorola Solutions, Inc.	30,868	8,702,307
Nokia Corp. sponsored ADR (b)	1,401,600	5,620,416
ViaSat, Inc. (a)(b)	61,201	2,730,177
		21,392,419
Diversified Telecommunication Services - 17.8%
Alternative Carriers - 3.9%
Iridium Communications, Inc.	65,900	3,956,636
Liberty Global PLC Class A (a)	392,100	6,391,230
Liberty Latin America Ltd. Class C (a)	219,900	1,605,270
		11,953,136
Integrated Telecommunication Services - 13.9%
AT&T, Inc.	1,301,400	20,471,022
Cellnex Telecom SA (c)	80,515	3,262,629
Orange SA ADR (b)	705,200	8,483,556
Telefonica SA sponsored ADR (b)	667,449	2,789,937
Verizon Communications, Inc.	195,401	6,962,138
		41,969,282
TOTAL DIVERSIFIED TELECOMMUNICATION SERVICES		53,922,418
Entertainment - 2.9%
Interactive Home Entertainment - 2.4%
Activision Blizzard, Inc.	92,100	7,386,420
Movies & Entertainment - 0.5%
Spotify Technology SA (a)	9,500	1,414,550
TOTAL ENTERTAINMENT		8,800,970
Equity Real Estate Investment Trusts (REITs) - 11.0%
Telecom Tower REITs - 11.0%
American Tower Corp.	140,692	25,949,232
Crown Castle International Corp.	12,801	1,449,201
SBA Communications Corp. Class A	26,300	5,832,814
		33,231,247
Ground Transportation - 3.7%
Passenger Ground Transportation - 3.7%
Uber Technologies, Inc. (a)	294,300	11,162,799
Interactive Media & Services - 4.6%
Interactive Media & Services - 4.6%
Meta Platforms, Inc. Class A (a)	45,900	12,150,648
Snap, Inc. Class A (a)	184,100	1,877,820
		14,028,468
Media - 0.2%
Cable & Satellite - 0.2%
DISH Network Corp. Class A (a)	71,349	458,774
Oil, Gas & Consumable Fuels - 1.2%
Oil & Gas Refining & Marketing - 1.2%
Reliance Industries Ltd.	123,000	3,673,935
Semiconductors & Semiconductor Equipment - 15.1%
Semiconductor Materials & Equipment - 0.9%
Teradyne, Inc.	28,200	2,825,358
Semiconductors - 14.2%
Marvell Technology, Inc.	329,000	19,243,210
NXP Semiconductors NV	26,000	4,656,600
Qorvo, Inc. (a)	46,500	4,522,590
Qualcomm, Inc.	127,050	14,408,741
		42,831,141
TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT		45,656,499
Software - 0.5%
Application Software - 0.5%
LivePerson, Inc. (a)	84,000	309,120
RingCentral, Inc. (a)	31,400	1,089,580
Zoom Video Communications, Inc. Class A (a)	300	20,139
		1,418,839
Technology Hardware, Storage & Peripherals - 17.4%
Technology Hardware, Storage & Peripherals - 17.4%
Apple, Inc.	269,420	47,754,693
Samsung Electronics Co. Ltd.	88,730	4,790,251
		52,544,944
Wireless Telecommunication Services - 15.9%
Wireless Telecommunication Services - 15.9%
Bharti Airtel Ltd.	474,700	4,879,037
Bharti Airtel Ltd.	47,900	263,800
Millicom International Cellular SA (a)(b)	187,180	3,133,393
Rogers Communications, Inc. Class B (non-vtg.)	83,700	3,690,199
Shenandoah Telecommunications Co.	300	5,694
Spok Holdings, Inc.	1	12
T-Mobile U.S., Inc. (a)	244,116	33,504,921
Vodafone Group PLC sponsored ADR	282,481	2,677,920
		48,154,976
TOTAL COMMON STOCKS (Cost $233,457,915)		301,825,784

Money Market Funds - 3.9%
	Shares	Value ($)
Fidelity Cash Central Fund 5.14% (d)	1,433,735	1,434,022
Fidelity Securities Lending Cash Central Fund 5.14% (d)(e)	10,299,800	10,300,830
TOTAL MONEY MARKET FUNDS (Cost $11,734,852)		11,734,852

TOTAL INVESTMENT IN SECURITIES - 103.7% (Cost $245,192,767)	313,560,636
NET OTHER ASSETS (LIABILITIES) - (3.7)%	(11,231,936)
NET ASSETS - 100.0%	302,328,700

Legend

(a) Non-income producing

(b) Security or a portion of the security is on loan at period end.

(c) 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 $3,262,629 or 1.1% of net assets.

(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%	2,912,303	8,875,501	10,353,782	24,855	-	-	1,434,022	0.0%
Fidelity Securities Lending Cash Central Fund 5.14%	10,799,733	32,732,710	33,231,613	31,863	-	-	10,300,830	0.0%
Total	13,712,036	41,608,211	43,585,395	56,718	-	-	11,734,852

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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