0001752724-23-163410.txt : 20230726 0001752724-23-163410.hdr.sgml : 20230726 20230726104832 ACCESSION NUMBER: 0001752724-23-163410 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: 231110996 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 S000007469 Materials Portfolio C000020443 Materials Portfolio FSDPX C000040626 Fidelity Advisor Materials Fund: Class A FMFAX C000040628 Fidelity Advisor Materials Fund: Class C FMFCX C000040629 Fidelity Advisor Materials Fund: Class M FMFTX C000040630 Fidelity Advisor Materials Fund: Class I FMFEX C000205044 Fidelity Advisor Materials Fund: Class Z FIJFX NPORT-P 1 primary_doc.xml NPORT-P false 0000320351 XXXXXXXX S000007469 C000040630 C000040626 C000020443 C000040628 C000205044 C000040629 Fidelity Select Portfolios 811-03114 0000320351 Z57125JG1LHEQKDYS630 245 Summer Street Boston 02210 1-800-FIDELITY Select Materials Portfolio S000007469 EDXMUEPB66T77Y8C2J98 2024-02-28 2023-05-31 N 946456667.91 16833856.03 929622811.88 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 18966.69000000 N LYONDELLBASELL INDS NV BN6WCCZ8OVP3ITUUVN49 LYONDELLBASELL INDS CLASS A N/A 549800.00000000 NS USD 47029892.00000000 5.059029468617 Long EC CORP NL N 1 N N N ORION ENGINEERED CARBONS SA N/A ORION ENGINEERED CARBONS SA N/A 190400.00000000 NS USD 4415376.00000000 0.474964248249 Long EC CORP LU N 1 N N N ALCOA CORP 549300T12EZ1F6PWWU29 ALCOA CORP 013872106 156300.00000000 NS USD 4957836.00000000 0.533316947114 Long EC CORP US N 1 N N N STEEL DYNAMICS INC 549300HGGKEL4FYTTQ83 STEEL DYNAMICS INC 858119100 103000.00000000 NS USD 9465700.00000000 1.018230176694 Long EC CORP US N 1 N N N FIRST QUANTUM MINERALS LTD 549300I7UVBGWRYMYZ18 FIRST QUANTUM MINERALS INC 335934105 2210200.00000000 NS 46304300.55000000 4.980977226274 Long EC CORP CA N 1 N N N HUNTSMAN CORP 5299000V56320A7RIQ67 HUNTSMAN CORP 447011107 251000.00000000 NS USD 5961250.00000000 0.641254702855 Long EC CORP US N 1 N N N RELIANCE STEEL and ALUMINUM CO 549300E287ZOFT3C5Z56 RELIANCE STEEL and ALUMINUM CO 759509102 94100.00000000 NS USD 22083388.00000000 2.375521310125 Long EC CORP US N 1 N N N GLENCORE PLC 2138002658CPO9NBH955 GLENCORE PLC N/A 2579500.00000000 NS 13191959.11000000 1.419065769623 Long EC CORP JE N 2 N N N CROWN HOLDINGS INC NYLWZIOY8PUNIT4JOE22 CROWN HOLDINGS INC 228368106 179559.00000000 NS USD 13687782.57000000 1.472401752095 Long EC CORP US N 1 N N N AIR PRODUCTS and CHEMICALS INC 7QEON6Y1RL5XR3R1W237 AIR PRODUCTS and CHEMICALS INC 009158106 181100.00000000 NS USD 48741254.00000000 5.243121551786 Long EC CORP US N 1 N N N VULCAN MATERIALS CO 549300Q8LSNHAVWBNI21 VULCAN MATERIALS CO 929160109 125600.00000000 NS USD 24554800.00000000 2.641372359434 Long EC CORP US N 1 N N N MAJOR DRILLING GROUP INTL INC 549300O1MNHCX2FUBC21 MAJOR DRILLING GROUP INTL INC 560909103 742500.00000000 NS 4993756.91000000 0.537180977723 Long EC CORP CA N 1 N N N CHEMTRADE LOGISTICS INCOME FD N/A CHEMTRADE LOGISTICS INCOME FD 16387P103 2023900.00000000 NS 12270126.70000000 1.319903787126 Long EC CORP CA N 1 N N N AVERY DENNISON CORP 549300PW7VPFCYKLIV37 AVERY DENNISON CORP 053611109 97900.00000000 NS USD 15774627.00000000 1.696884671762 Long EC CORP US N 1 N N N WESTLAKE CORP GOXNEVUM0LL78B1OS344 WESTLAKE CORP 960413102 133700.00000000 NS USD 13898115.00000000 1.495027318864 Long EC CORP US N 1 N N CORTEVA INC 549300WZN9I2QKLS0O94 CORTEVA INC 22052L104 959811.00000000 NS USD 51340290.39000000 5.522701221818 Long EC CORP US N 1 N N N TRONOX HOLDINGS PLC 549300NRVC84SGJSXV06 TRONOX HOLDINGS PLC N/A 1767103.00000000 NS USD 18801975.92000000 2.022538139094 Long EC CORP GB N 1 N N N EASTMAN CHEMICAL CO FDPVHDGJ1IQZFK9KH630 EASTMAN CHEMICAL CO 277432100 68900.00000000 NS USD 5311501.00000000 0.571360871540 Long EC CORP US N 1 N N N CHEMOURS CO 549300M1BOLNXL8DOV14 CHEMOURS CO/ THE 163851108 952800.00000000 NS USD 25239672.00000000 2.715044389773 Long EC CORP US N 1 N N N APTARGROUP INC VNPEQDQFAA7IY1T2PX43 APTARGROUP INC 038336103 244000.00000000 NS USD 27447560.00000000 2.952548027999 Long EC CORP US N 1 N N N FREEPORT-MCMORAN INC 549300IRDTHJQ1PVET45 FREEPORT MCMORAN INC 35671D857 1811100.00000000 NS USD 62193174.00000000 6.690151446932 Long EC CORP US N 1 N N N IVANHOE MINE LTD 5299006XZISURYIA4G32 IVANHOE MINES LTD 46579R104 1010600.00000000 NS 7399899.82000000 0.796010997733 Long EC CORP CA N 1 N N N OLIN CORP 549300GKK294V7W57P06 OLIN CORP 680665205 502100.00000000 NS USD 23754351.00000000 2.555267652260 Long EC CORP US N 1 N N N CABOT CORP K05C0SER542GQ6VLRO68 CABOT CORP 127055101 334800.00000000 NS USD 22927104.00000000 2.466280270557 Long EC CORP US N 1 N N COMMERCIAL METALS CO 549300OQS2LO07ZJ7N73 COMMERCIAL METALS CO 201723103 316800.00000000 NS USD 13543200.00000000 1.456848931300 Long EC CORP US N 1 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Cash Central Fund 31635A105 3933768.07900000 NS USD 3934554.83000000 0.423242069764 Long STIV RF US N 1 N N N ELEMENT SOLUTIONS INC 549300FLGN6P5CU20J91 ELEMENT SOLUTIONS INC 28618M106 373200.00000000 NS USD 6691476.00000000 0.719805486105 Long EC CORP US N 1 N N N MARTIN MARIETTA MATERIALS INC 5299005MZ4WZECVATV08 MARTIN MARIETTA MATERIALS INC 573284106 59100.00000000 NS USD 23524164.00000000 2.530506319270 Long EC CORP US N 1 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Securities Lending Cash Central Fund 31635A303 15874937.50800000 NS USD 15876525.00000000 1.707845891592 Long STIV RF US N 1 N N DUPONT DE NEMOURS INC 5493004JF0SDFLM8GD76 DUPONT DE NEMOURS INC 26614N102 560117.00000000 NS USD 37634261.23000000 4.048336674730 Long EC CORP US N 1 N N N HORIZONTE MINERALS PLC 213800OEYYR39UNYQY91 HORIZONTE MINERALS PLC N/A 2529648.00000000 NS 4248120.11000000 0.456972446858 Long EC CORP GB N 1 N N N GREIF INC 54930070FVGKR0Z1FI24 GREIF INC CL A 397624107 341100.00000000 NS USD 20500110.00000000 2.205207288162 Long EC CORP US N 1 N N N DOW INC 5493003S21INSLK2IP73 DOW INC 260557103 199500.00000000 NS USD 9731610.00000000 1.046834251014 Long EC CORP US N 1 N N N FRANCO NEVADA CORP N/A FRANCO-NEVADA CORP 351858105 113700.00000000 NS 16523562.43000000 1.777448037939 Long EC CORP CA N 1 N N N RPM INTERNATIONAL INC 549300TJCKW4BRXPJ474 RPM INTERNATIONAL INC 749685103 54700.00000000 NS USD 4364513.00000000 0.469492889398 Long EC CORP US N 1 N N N ASHLAND INC 529900E4L9R04SB8HB11 ASHLAND INC 044186104 160300.00000000 NS USD 13606264.00000000 1.463632757944 Long EC CORP US N 1 N N N LINDE PLC 5299003QR1WT0EF88V51 LINDE PLC N/A 544986.00000000 NS USD 192739748.76000000 20.73311307520 Long EC CORP IE N 1 N N N CELANESE CORP DEL 549300FHJQTDPPN41627 CELANESE CORP 150870103 383300.00000000 NS USD 39870866.00000000 4.288929390552 Long EC CORP US N 1 N N WHEATON PRECIOUS METALS CORP 549300XSFG5ZCGVYD886 WHEATON PRECIOUS METALS CORP 962879102 159200.00000000 NS 7214721.18000000 0.776091236983 Long EC CORP CA 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_509_20230531.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Select Portfolios®
Materials Portfolio
May 31, 2023
IND-NPRT1-0723
1.802177.119
Common Stocks - 99.2%
 
  
Shares
Value ($)
 
Chemicals - 63.0%
 
  
  
Commodity Chemicals - 16.5%
  
  
  
Cabot Corp. (a)
  
334,800
22,927,104
Chemtrade Logistics Income Fund
 
2,023,900
12,270,127
Dow, Inc.
 
199,500
9,731,610
LyondellBasell Industries NV Class A
 
549,800
47,029,892
Olin Corp.
 
502,100
23,754,351
Orion Engineered Carbons SA
 
190,400
4,415,376
Tronox Holdings PLC
 
1,767,103
18,801,976
Westlake Corp. (a)
  
133,700
13,898,115
 
  
  
152,828,551
Diversified Chemicals - 3.4%
  
  
  
Huntsman Corp.
 
251,000
5,961,250
The Chemours Co. LLC
 
952,800
25,239,672
 
  
  
31,200,922
Fertilizers & Agricultural Chemicals - 5.5%
  
  
  
Corteva, Inc.
 
959,811
51,340,290
Industrial Gases - 26.0%
  
  
  
Air Products & Chemicals, Inc.
 
181,100
48,741,254
Linde PLC
 
544,986
192,739,749
 
  
  
241,481,003
Specialty Chemicals - 11.6%
  
  
  
Ashland, Inc.
 
160,300
13,606,264
Celanese Corp. Class A (a)
  
383,300
39,870,866
DuPont de Nemours, Inc.
 
560,117
37,634,261
Eastman Chemical Co.
 
68,900
5,311,501
Element Solutions, Inc.
 
373,200
6,691,476
RPM International, Inc.
 
54,700
4,364,513
 
  
  
107,478,881
TOTAL CHEMICALS
  
  
584,329,647
Construction Materials - 5.2%
 
  
  
Construction Materials - 5.2%
  
  
  
Martin Marietta Materials, Inc.
 
59,100
23,524,164
Vulcan Materials Co.
 
125,600
24,554,800
 
  
  
48,078,964
Containers & Packaging - 8.3%
 
  
  
Metal, Glass & Plastic Containers - 6.6%
  
  
  
Aptargroup, Inc.
 
244,000
27,447,560
Crown Holdings, Inc.
 
179,559
13,687,783
Greif, Inc. Class A
 
341,100
20,500,110
 
  
  
61,635,453
Paper & Plastic Packaging Products & Materials - 1.7%
  
  
  
Avery Dennison Corp.
 
97,900
15,774,627
TOTAL CONTAINERS & PACKAGING
  
  
77,410,080
Metals & Mining - 22.7%
 
  
  
Aluminum - 0.5%
  
  
  
Alcoa Corp.
 
156,300
4,957,836
Copper - 11.5%
  
  
  
First Quantum Minerals Ltd.
 
2,131,700
44,659,704
Freeport-McMoRan, Inc.
 
1,811,100
62,193,174
 
  
  
106,852,878
Diversified Metals & Mining - 3.2%
  
  
  
Glencore PLC
 
2,579,500
13,191,959
Horizonte Minerals PLC (b)
  
2,532,748
4,253,326
Ivanhoe Mines Ltd. (b)
  
1,010,600
7,399,900
Major Drilling Group International, Inc. (b)
  
742,500
4,993,757
 
  
  
29,838,942
Gold - 2.6%
  
  
  
Franco-Nevada Corp.
 
113,700
16,523,562
Wheaton Precious Metals Corp.
 
159,200
7,214,721
 
  
  
23,738,283
Steel - 4.9%
  
  
  
Commercial Metals Co.
 
316,800
13,543,200
Reliance Steel & Aluminum Co.
 
94,100
22,083,388
Steel Dynamics, Inc.
 
103,000
9,465,700
 
  
  
45,092,288
TOTAL METALS & MINING
  
  
210,480,227
 
TOTAL COMMON STOCKS
 (Cost $730,134,853)
  
  
  
920,298,918
 
  
  
  
Money Market Funds - 2.2%
 
  
Shares
Value ($)
 
Fidelity Cash Central Fund 5.14% (c)
  
3,933,768
3,934,555
Fidelity Securities Lending Cash Central Fund 5.14% (c)(d)
  
16,396,335
16,397,975
 
TOTAL MONEY MARKET FUNDS
 (Cost $20,332,530)
  
  
20,332,530
 
  
  
  
 
TOTAL INVESTMENT IN SECURITIES - 101.4%
 (Cost $750,467,383)
 
  
 
940,631,448
NET OTHER ASSETS (LIABILITIES) - (1.4)%  
(13,321,352)
NET ASSETS - 100.0%
927,310,096
 
  
Legend
 
(a)
Security or a portion of the security is on loan at period end.
 
(b)
Non-income producing
 
(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%
12,468,877
75,397,292
83,931,614
92,699
-
-
3,934,555
0.0%
Fidelity Securities Lending Cash Central Fund 5.14%
17,449,050
85,521,877
86,572,952
5,964
-
-
16,397,975
0.1%
Total
29,917,927
160,919,169
170,504,566
98,663
-
-
20,332,530
  
 
  
  
  
  
  
  
  
  
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.
 
Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.