0001752724-23-298391.txt : 20231229 0001752724-23-298391.hdr.sgml : 20231229 20231229133052 ACCESSION NUMBER: 0001752724-23-298391 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20231031 FILED AS OF DATE: 20231229 DATE AS OF CHANGE: 20231229 PERIOD START: 20240731 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY SELECT PORTFOLIOS CENTRAL INDEX KEY: 0000320351 ORGANIZATION NAME: 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: 231526742 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 S000039313 Fidelity Real Estate Investment Portfolio C000121124 Fidelity Real Estate Investment Portfolio FRESX NPORT-P 1 primary_doc.xml NPORT-P false 0000320351 XXXXXXXX S000039313 C000121124 Fidelity Select Portfolios 811-03114 0000320351 Z57125JG1LHEQKDYS630 245 Summer Street Boston 02210 1-800-FIDELITY Fidelity Real Estate Investment Portfolio S000039313 9KBP4YLA5928OXHW4L76 2024-07-31 2023-10-31 N 2440113888.83 49231337.83 2390882551.00 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 0.00000000 N DIGITAL REALTY TRUST INC 549300HKCZ31D08NEI41 DIGITAL REALTY TRUST INC 253868103 938600.00000000 NS USD 116724296.00000000 4.882058968190 Long EC CORP US N 1 N N N EQUINIX INC 549300EVUN2BTLJ3GT74 EQUINIX INC 29444U700 256300.00000000 NS USD 187006732.00000000 7.821661165320 Long EC CORP US N 1 N N N FOUR CORNERS PROPERTY TRUST INC 549300SVTPZPBDVNER42 FOUR CORNERS PPTY TR INC W/I 35086T109 749200.00000000 NS USD 15957960.00000000 0.667450602846 Long EC CORP US N 1 N N N EXTRA SPACE STORAGE INC N/A EXTRA SPACE STORAGE INC 30225T102 188240.00000000 NS USD 19499781.60000000 0.815589272331 Long EC CORP US N 1 N N N TERRENO RLTY CORP N/A TERRENO REALTY CORP 88146M101 310000.00000000 NS USD 16516800.00000000 0.690824398425 Long EC CORP US N 1 N N N WELLTOWER INC 254900F33BIAR82QTA19 WELLTOWER INC 95040Q104 1203740.00000000 NS USD 100644701.40000000 4.209520930164 Long EC CORP US N 1 N N N KIMCO REALTY CORP 254900ARY41P4V1JL861 KIMCO REALTY CORPORATION 49446R109 3833690.00000000 NS USD 68776398.60000000 2.876611340495 Long EC CORP US N 1 N N N RYMAN HOSPITALITY PPTYS INC 529900GCCWW9SRMPJR11 RYMAN HOSPITALITY PPTYS INC 78377T107 285100.00000000 NS USD 24404560.00000000 1.020734372325 Long EC CORP US N 1 N N N SUN COMMUNITIES INC 549300H5GEOJYN41ZG57 SUN COMMUNITIES INC - REIT 866674104 567463.00000000 NS USD 63124584.12000000 2.640221038611 Long EC CORP US N 1 N N N CBRE GROUP INC 52990016II9MJ2OSWA10 CBRE GROUP INC - CL A 12504L109 940200.00000000 NS USD 65193468.00000000 2.726753264092 Long EC CORP US N 1 N N N NNN REIT INC 5493008JKH5SOTI0JS97 NNN REIT INC 637417106 1914200.00000000 NS USD 69542886.00000000 2.908670104724 Long EC CORP US N 1 N N N CUBESMART N/A CUBESMART 229663109 1947800.00000000 NS USD 66400502.00000000 2.777238136278 Long EC CORP US N 1 N N N VENTAS INC ORQTRC074CWLT3DKHT41 VENTAS INC REIT 92276F100 3210154.00000000 NS USD 136303138.84000000 5.700955021106 Long EC CORP US N 1 N N N URBAN EDGE PROPERTIES N/A URBAN EDGE PROPERTIES 91704F104 1655000.00000000 NS USD 26248300.00000000 1.097849829094 Long EC CORP US N 1 N N N AMERICOLD REALTY TRUST 549300R7N1V5YV8MWH02 AMERICOLD REALTY TRUST 03064D108 756900.00000000 NS USD 19845918.00000000 0.830066620867 Long EC CORP US N 1 N N N WEYERHAEUSER CO 08IRJODWFYBI7QWRGS31 WEYERHAEUSER CO 962166104 1750000.00000000 NS USD 50207500.00000000 2.099956770314 Long EC CORP US N 1 N N N EQUITY RESIDENTIAL 5493008RACSH5EP3PI59 EQUITY RESIDENTIAL REIT 29476L107 932000.00000000 NS USD 51567560.00000000 2.156842040544 Long EC CORP US N 1 N N N PHILLIPS EDISON and CO INC 549300UC1QJSQ49IC243 PHILLIPS EDISON and CO INC 71844V201 1326400.00000000 NS USD 46835184.00000000 1.958907767360 Long EC CORP US N 1 N N APARTMENT INCOME REIT CORP N/A APARTMENT INCOME REIT CORP CL A 03750L109 1220068.00000000 NS USD 35638186.28000000 1.490587074847 Long EC CORP US N 1 N N N SITE CENTERS CORP W2AVA6SODOQ1LCYJQR54 SITE CENTERS CORP 82981J109 1696600.00000000 NS USD 19782356.00000000 0.827408104665 Long EC CORP US N 1 N N N CROWN CASTLE INC 54930012H97VSM0I2R19 CROWN CASTLE INC 22822V101 2006900.00000000 NS USD 186601562.00000000 7.804714703445 Long EC CORP US N 1 N N N INVITATION HOMES INC N/A INVITATION HOMES INC 46187W107 1338800.00000000 NS USD 39748972.00000000 1.662522986893 Long EC CORP US N 1 N N N ELME COMMUNITIES 549300DI34BGS8LVKW95 ELME COMMUNITIES 939653101 353800.00000000 NS USD 4514488.00000000 0.188820985711 Long EC CORP US N 1 N N N MID-AMERICA APT CMNTYS INC 549300FQZKFR5YNSHZ21 MID AMERICA APT CMNTY INC 59522J103 679000.00000000 NS USD 80223850.00000000 3.355407398261 Long EC CORP US N 1 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Cash Central Fund 31635A105 48586255.00000000 NS USD 48595972.25000000 2.032553720787 Long STIV RF US N 1 N N N AMERICAN HOMES 4 RENT 549300ZJUO7A58PNUW40 AMERICAN HOMES 4 RENT 02665T306 1414500.00000000 NS USD 46310730.00000000 1.936972185464 Long EC CORP US N 1 N N N COSTAR GROUP INC N/A COSTAR GROUP INC 22160N109 515000.00000000 NS USD 37806150.00000000 1.581263370055 Long EC CORP US N 1 N N N GAMING AND LEISURE PROPERTIES INC 5493006GWRDBCZYWTM57 GAMING AND LEISURE PROPRTI INC 36467J108 631210.00000000 NS USD 28650621.90000000 1.198328286264 Long EC CORP US N 1 N N N SPIRIT REALTY CAPITAL INC 549300LTU6LVPZSHMJ25 SPIRIT RLTY CAP INC 84860W300 1227500.00000000 NS USD 44177725.00000000 1.847758058275 Long EC CORP US N 1 N N N IRON MOUNTAIN INC SQL3F6CKNNBM3SQGHX24 IRON MOUNTAIN INC 46284V101 900900.00000000 NS USD 53216163.00000000 2.225795783140 Long EC CORP US N 1 N N N EQUITY LIFESTYLE PROPERTIES INC 529900PEQG66LENB6798 EQUITY LIFESTYLE PPTYS INC 29472R108 365574.00000000 NS USD 24054769.20000000 1.006104176465 Long EC CORP US N 1 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Securities Lending Cash Central Fund 31635A303 44198630.15200000 NS USD 44203050.02000000 1.848817291401 Long STIV RF US N 1 N N UDR INC P3CH2EG5X6Z1XWU1OO74 UDR INC 902653104 2673341.00000000 NS USD 85038977.21000000 3.556802787089 Long EC CORP US N 1 N N N SBA COMMUNICATIONS CORP 5299001HX8ZN8Y8QIT49 SBA COMMUNICATIONS CORP 78410G104 607083.00000000 NS USD 126655726.29000000 5.297446595066 Long EC CORP US N 1 N N N ZILLOW GROUP INC 2549002XEELQDIR6FU05 ZILLOW GROUP INC CL C 98954M200 315000.00000000 NS USD 11418750.00000000 0.477595605657 Long EC CORP US N 1 N N N DIAMONDROCK HOSPITALITY CO 529900KKD4BPVBUAQ734 DIAMONDROCK HOSPITALITY CO 252784301 3992900.00000000 NS USD 30865117.00000000 1.290950782466 Long EC CORP US N 1 N N N REGENCY CENTERS CORP(REIT) 529900053A7X7FJ97S58 REGENCY CENTERS CORP REIT 758849103 1037700.00000000 NS USD 62531802.00000000 2.615427594878 Long EC CORP US N 1 N N N TANGER FACTORY OUTLET UKEW8YSXE4Y581KYOL30 TANGER FACTORY OUTLET - REIT 875465106 384900.00000000 NS USD 8679495.00000000 0.363024733120 Long EC CORP US N 1 N N N PROLOGIS INC 529900DFH19P073LZ636 PROLOGIS INC REIT 74340W103 2339215.00000000 NS USD 235675911.25000000 9.857276809830 Long EC CORP US N 1 N N N LAMAR ADVERTISING CO 529900Y8WW4MKVPTB543 LAMAR ADVERTISING CO CL A 512816109 347100.00000000 NS USD 28555917.00000000 1.194367200850 Long EC CORP US N 1 N N N 2023-11-30 Stacie M. Smith Stacie M. Smith Stacie M. Smith President and Treasurer XXXX NPORT-EX 2 QTLY_303_20231031.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Real Estate Investment Portfolio
October 31, 2023
REA-NPRT1-1223
1.809107.120
Common Stocks - 97.6%
 
  
Shares
Value ($)
(000s)
 
Equity Real Estate Investment Trusts (REITs) - 92.8%
 
  
  
REITs - Apartments - 12.6%
  
  
  
American Homes 4 Rent Class A
 
1,404,500
45,983
Equity Residential (SBI)
 
932,000
51,568
Invitation Homes, Inc.
 
1,330,900
39,514
Mid-America Apartment Communities, Inc.
 
679,000
80,224
UDR, Inc.
 
2,673,341
85,039
 
  
  
302,328
REITs - Diversified - 29.9%
  
  
  
Apartment Income (REIT) Corp.
 
1,220,068
35,638
Crown Castle International Corp.
 
2,006,900
186,602
Digital Realty Trust, Inc.
 
938,600
116,724
Elme Communities (SBI)
 
353,800
4,514
Equinix, Inc.
 
256,300
187,007
Gaming & Leisure Properties
 
631,210
28,651
Lamar Advertising Co. Class A
 
341,100
28,062
SBA Communications Corp. Class A
 
607,083
126,656
 
  
  
713,854
REITs - Health Care - 9.9%
  
  
  
Ventas, Inc.
 
3,210,154
136,303
Welltower, Inc.
 
1,198,040
100,168
 
  
  
236,471
REITs - Hotels - 2.3%
  
  
  
DiamondRock Hospitality Co.
 
3,992,900
30,865
Ryman Hospitality Properties, Inc.
 
285,100
24,405
 
  
  
55,270
REITs - Management/Investment - 5.0%
  
  
  
NNN (REIT), Inc.
 
1,922,200
69,834
Weyerhaeuser Co.
 
1,725,000
49,490
 
  
  
119,324
REITs - Manufactured Homes - 3.7%
  
  
  
Equity Lifestyle Properties, Inc.
 
365,574
24,055
Sun Communities, Inc.
 
587,463
65,349
 
  
  
89,404
REITs - Regional Malls - 0.4%
  
  
  
Tanger Factory Outlet Centers, Inc.
 
384,900
8,679
REITs - Shopping Centers - 9.4%
  
  
  
Kimco Realty Corp.
 
3,833,690
68,776
Phillips Edison & Co., Inc. (a)
  
1,321,400
46,659
Regency Centers Corp.
 
1,037,700
62,532
SITE Centers Corp.
 
1,696,600
19,782
Urban Edge Properties
 
1,655,000
26,248
 
  
  
223,997
REITs - Single Tenant - 2.5%
  
  
  
Four Corners Property Trust, Inc.
 
749,200
15,958
Spirit Realty Capital, Inc.
 
1,227,500
44,178
 
  
  
60,136
REITs - Storage - 5.7%
  
  
  
CubeSmart
 
1,902,200
64,846
Extra Space Storage, Inc.
 
188,240
19,500
Iron Mountain, Inc.
 
900,900
53,216
 
  
  
137,562
REITs - Warehouse/Industrial - 11.4%
  
  
  
Americold Realty Trust
 
756,900
19,846
Prologis (REIT), Inc.
 
2,339,215
235,676
Terreno Realty Corp.
 
310,000
16,517
 
  
  
272,039
TOTAL EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS)
  
  
2,219,064
Real Estate Management & Development - 4.8%
 
  
  
Real Estate Services - 4.8%
  
  
  
CBRE Group, Inc. (b)
  
940,200
65,193
CoStar Group, Inc. (b)
  
565,000
41,477
Zillow Group, Inc. Class C (b)
  
200,000
7,250
 
  
  
113,920
 
TOTAL COMMON STOCKS
 (Cost $2,058,224)
  
  
  
2,332,984
 
  
  
  
Money Market Funds - 3.9%
 
  
Shares
Value ($)
(000s)
 
Fidelity Cash Central Fund 5.40% (c)
  
48,586,255
48,596
Fidelity Securities Lending Cash Central Fund 5.40% (c)(d)
  
43,287,171
43,292
 
TOTAL MONEY MARKET FUNDS
 (Cost $91,888)
  
  
91,888
 
  
  
  
 
TOTAL INVESTMENT IN SECURITIES - 101.5%
 (Cost $2,150,112)
 
  
 
2,424,872
NET OTHER ASSETS (LIABILITIES) - (1.5)%  
(34,952)
NET ASSETS - 100.0%
2,389,920
 
  
 
Any values shown as $0 in the Schedule of Investments may reflect amounts less than $500.
 
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 (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 5.40%
91,636
70,905
113,945
787
-
-
48,596
0.1%
Fidelity Securities Lending Cash Central Fund 5.40%
44,244
45,124
46,076
9
-
-
43,292
0.2%
Total
135,880
116,029
160,021
796
-
-
91,888
  
 
  
  
  
  
  
  
  
  
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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