0001752724-24-011815.txt : 20240124 0001752724-24-011815.hdr.sgml : 20240124 20240124171346 ACCESSION NUMBER: 0001752724-24-011815 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20231130 FILED AS OF DATE: 20240124 DATE AS OF CHANGE: 20240124 PERIOD START: 20240228 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: 24557535 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 2023-11-30 N 656698431.74 16998724.25 639699707.49 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 1524.19000000 N MEG ENERGY CORP 5493002WXPTG5ZC1T326 MEG ENERGY CORP 552704108 1898412.00000000 NS 35899076.55000000 5.611863836995 Long EC CORP CA N 1 N N N PHILLIPS 66 5493005JBO5YSIGK1814 PHILLIPS 66 718546104 268216.00000000 NS USD 34570360.24000000 5.404154454852 Long EC CORP US N 1 N N N CANADIAN NATURAL RESOURCES LTD 549300T15RIMIKZC5Q38 CANADIAN NATL RESOURCES LTD 136385101 481700.00000000 NS USD 32177560.00000000 5.030103910201 Long EC CORP CA N 1 N N N SHELL PLC 21380068P1DRHMJ8KU70 SHELL PLC SPONS ADR 780259305 514600.00000000 NS USD 33860680.00000000 5.293214863714 Long EC CORP GB N 1 N N N ECO ATLANTIC OIL and GAS LTD 213800WPR7ASTDWQUW50 ECO ATLANTIC OIL and GAS INC 27887W100 5078500.00000000 NS 636239.36000000 0.099459066895 Long EC CORP CA N 1 N N N SCHLUMBERGER LTD 213800ZUA17OK3QLGM62 SCHLUMBERGER LTD 806857108 208700.00000000 NS USD 10860748.00000000 1.697788489323 Long EC CORP CW N 1 N N N FIRST QUANTUM MINERALS LTD 549300I7UVBGWRYMYZ18 FIRST QUANTUM MINERALS INC 335934105 280900.00000000 NS 2299862.93000000 0.359522273196 Long EC CORP CA N 1 N N N CROWN HOLDINGS INC NYLWZIOY8PUNIT4JOE22 CROWN HOLDINGS INC 228368106 77500.00000000 NS USD 6665775.00000000 1.042016265124 Long EC CORP US N 1 N N N AVERY DENNISON CORP 549300PW7VPFCYKLIV37 AVERY DENNISON CORP 053611109 65500.00000000 NS USD 12739750.00000000 1.991520372892 Long EC CORP US N 1 N N N HESS CORP UASVRYNXNK17ULIGK870 HESS CORP 42809H107 200800.00000000 NS USD 28224448.00000000 4.412140207277 Long EC CORP US N 1 N N N VALARIS LTD N/A VALARIS LTD N/A 66000.00000000 NS USD 4527600.00000000 0.707769590479 Long EC CORP BM N 1 N N N TECHNIPFMC PLC 549300D5I93QWCJTCK36 TECHNIPFMC PLC N/A 588700.00000000 NS USD 12197864.00000000 1.906810939129 Long EC CORP GB N 1 N N N E3 LITHIUM LTD 52990082J3TRBAE2EA67 E3 LITHIUM LTD 26925V108 397100.00000000 NS 623326.58000000 0.097440497893 Long EC CORP CA N 1 N N N EXPRO GROUP HOLDINGS NV 724500LJYA8QIT73H017 EXPRO GROUP HOLDINGS NV N/A 746700.00000000 NS USD 11611185.00000000 1.815099313638 Long EC CORP NL N 1 N N N VALERO ENERGY CORP 549300XTO5VR8SKV1V74 VALERO ENERGY CORP 91913Y100 212600.00000000 NS USD 26651536.00000000 4.166257337301 Long EC CORP US N 1 N N N APTARGROUP INC VNPEQDQFAA7IY1T2PX43 APTARGROUP INC 038336103 82100.00000000 NS USD 10417669.00000000 1.628524896607 Long EC CORP US N 1 N N N FREEPORT-MCMORAN INC 549300IRDTHJQ1PVET45 FREEPORT MCMORAN INC 35671D857 666400.00000000 NS USD 24870048.00000000 3.887769168690 Long EC CORP US N 1 N N N IVANHOE MINE LTD 5299006XZISURYIA4G32 IVANHOE MINES LTD 46579R104 988000.00000000 NS 8817332.99000000 1.378355013572 Long EC CORP CA N 1 N N WHEATON PRECIOUS METALS CORP 549300XSFG5ZCGVYD886 WHEATON PRECIOUS METALS CORP 962879102 267400.00000000 NS USD 13075860.00000000 2.044062213394 Long EC CORP CA N 1 N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Cash Central Fund 31635A105 2908381.78100000 NS USD 2908963.46000000 0.454738907324 Long STIV RF US N 1 N N N EQUINOR ASA OW6OFBNCKXC4US5C7523 EQUINOR ASA SPONS ADR 29446M102 303600.00000000 NS USD 9675732.00000000 1.512542820750 Long EC CORP NO N 1 N N N WEATHERFORD INTERNATIONAL PLC 529900LPBDSCQDJKHQ39 WEATHERFORD INTERNATIONAL PLC N/A 237764.00000000 NS USD 21562817.16000000 3.370771771118 Long EC CORP IE N 1 N N N EXXON MOBIL CORP J3WHBG0MTS7O8ZVMDC91 EXXON MOBIL CORP 30231G102 1291304.00000000 NS USD 132668572.96000000 20.73919550167 Long EC CORP US N 1 N N N IMPERIAL OIL LTD 549300MO45LTBPAU4Z27 IMPERIAL OIL LTD 453038408 806000.00000000 NS 45409705.59000000 7.098597210271 Long EC CORP CA N 1 N N N NOBLE CORP PLC 549300I3HBUNXO0OG954 NOBLE CORP PLC N/A 47500.00000000 NS USD 2191650.00000000 0.342606065680 Long EC CORP GB N 1 N N N ATHABASCA OIL CORP 549300STK2KBVO6WED71 ATHABASCA OIL CORP 04682R107 5157100.00000000 NS 14745972.95000000 2.305139861304 Long EC CORP CA N 1 N N CAMECO CORP N4BHALMXL3GMZKCUON55 CAMECO CORP 13321L108 151153.00000000 NS USD 6940945.76000000 1.085031879603 Long EC CORP CA N 1 N N N PBF ENERGY INC 2549003PBEDCSZMZIY02 PBF ENERGY INC CL A 69318G106 103800.00000000 NS USD 4608720.00000000 0.720450540470 Long EC CORP US N 1 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Securities Lending Cash Central Fund 31635A303 16152589.75800000 NS USD 16154205.02000000 2.525279413271 Long STIV RF US N 1 N N GREIF INC 54930070FVGKR0Z1FI24 GREIF INC CL A 397624107 124700.00000000 NS USD 8716530.00000000 1.362597152686 Long EC CORP US N 1 N N N AFRICA OIL CORP 549300071188HIDJEB11 AFRICA OIL CORP 00829Q101 7742800.00000000 NS 14436260.73000000 2.256724610152 Long EC CORP CA N 1 N N N DOW INC 5493003S21INSLK2IP73 DOW INC 260557103 160700.00000000 NS USD 8316225.00000000 1.300020134858 Long EC CORP US N 1 N N N FRANCO NEVADA CORP N/A FRANCO-NEVADA CORP 351858105 81800.00000000 NS 9161696.45000000 1.432187062574 Long EC CORP CA N 1 N N N KOSMOS ENERGY LTD 213800YDFJ3OT9B5P157 KOSMOS ENERGY LTD 500688106 2391400.00000000 NS USD 16237606.00000000 2.538316933692 Long EC CORP US N 1 N N N DIAMOND OFFSHORE DRILLING INC F14FQJ2EEHW5VPYUHL14 DIAMOND OFFSHORE 25271C201 154800.00000000 NS USD 1992276.00000000 0.311439254492 Long EC CORP US N 1 N N N MOSAIC CO 2YD5STGSJNMUB7H76907 MOSAIC CO NEW 61945C103 134900.00000000 NS USD 4841561.00000000 0.756849025146 Long EC CORP US N 1 N N N LINDE PLC 5299003QR1WT0EF88V51 LINDE PLC N/A 37300.00000000 NS USD 15433621.00000000 2.412635306737 Long EC CORP IE N 1 N N N NEWMONT CORP 549300VSP3RIX7FGDZ51 NEWMONT CORP 651639106 139100.00000000 NS USD 5590429.00000000 0.873914578128 Long EC CORP US N 1 N N N 2023-12-30 Stacie M. Smith Stacie M. Smith Stacie M. Smith President and Treasurer XXXX NPORT-EX 2 QTLY_514_20231130.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Natural Resources Fund
November 30, 2023
NAT-NPRT3-0124
1.810716.119
Common Stocks - 98.8%
 
  
Shares
Value ($)
 
Chemicals - 4.5%
 
  
  
Commodity Chemicals - 1.3%
  
  
  
Dow, Inc.
 
160,700
8,316,225
Fertilizers & Agricultural Chemicals - 0.8%
  
  
  
The Mosaic Co.
 
134,900
4,841,561
Industrial Gases - 2.4%
  
  
  
Linde PLC
 
37,300
15,433,621
TOTAL CHEMICALS
  
  
28,591,407
Containers & Packaging - 6.0%
 
  
  
Metal, Glass & Plastic Containers - 4.0%
  
  
  
Aptargroup, Inc.
 
82,100
10,417,669
Crown Holdings, Inc.
 
77,500
6,665,775
Greif, Inc. Class A
 
124,700
8,716,530
 
  
  
25,799,974
Paper & Plastic Packaging Products & Materials - 2.0%
  
  
  
Avery Dennison Corp.
 
65,500
12,739,750
TOTAL CONTAINERS & PACKAGING
  
  
38,539,724
Energy Equipment & Services - 10.2%
 
  
  
Oil & Gas Drilling - 1.4%
  
  
  
Diamond Offshore Drilling, Inc. (a)
  
154,800
1,992,276
Noble Corp. PLC
 
47,500
2,191,650
Valaris Ltd. (a)
  
66,000
4,527,600
 
  
  
8,711,526
Oil & Gas Equipment & Services - 8.8%
  
  
  
Expro Group Holdings NV (a)
  
746,700
11,611,185
Schlumberger Ltd.
 
208,700
10,860,748
TechnipFMC PLC
 
588,700
12,197,864
Weatherford International PLC (a)
  
235,664
21,372,368
 
  
  
56,042,165
TOTAL ENERGY EQUIPMENT & SERVICES
  
  
64,753,691
Metals & Mining - 10.1%
 
  
  
Copper - 4.2%
  
  
  
First Quantum Minerals Ltd.
 
280,900
2,299,863
Freeport-McMoRan, Inc.
 
666,400
24,870,048
 
  
  
27,169,911
Diversified Metals & Mining - 1.5%
  
  
  
E3 Lithium Ltd. (a)
  
356,630
559,801
Ivanhoe Mines Ltd. (a)(b)
  
988,000
8,817,333
 
  
  
9,377,134
Gold - 4.4%
  
  
  
Franco-Nevada Corp.
 
81,800
9,161,696
Newmont Corp.
 
139,100
5,590,429
Wheaton Precious Metals Corp. (b)
  
269,350
13,171,215
 
  
  
27,923,340
TOTAL METALS & MINING
  
  
64,470,385
Oil, Gas & Consumable Fuels - 68.0%
 
  
  
Coal & Consumable Fuels - 1.1%
  
  
  
Cameco Corp.
 
151,153
6,940,946
Integrated Oil & Gas - 34.4%
  
  
  
Equinor ASA sponsored ADR
 
238,000
7,585,060
Exxon Mobil Corp.
 
1,291,304
132,668,573
Imperial Oil Ltd.
 
806,000
45,409,706
Shell PLC ADR
 
517,500
34,051,500
 
  
  
219,714,839
Oil & Gas Exploration & Production - 22.2%
  
  
  
Africa Oil Corp.
 
7,777,100
14,500,212
Athabasca Oil Corp. (a)(b)
  
5,157,100
14,745,973
Canadian Natural Resources Ltd.
 
480,700
32,110,760
Eco Atlantic Oil & Gas Ltd. (a)
  
5,037,000
631,040
Hess Corp.
 
196,300
27,591,928
Kosmos Energy Ltd. (a)
  
2,391,400
16,237,606
MEG Energy Corp. (a)
  
1,898,412
35,899,077
 
  
  
141,716,596
Oil & Gas Refining & Marketing - 10.3%
  
  
  
PBF Energy, Inc. Class A
 
103,800
4,608,720
Phillips 66 Co.
 
268,716
34,634,805
Valero Energy Corp.
 
212,600
26,651,536
 
  
  
65,895,061
TOTAL OIL, GAS & CONSUMABLE FUELS
  
  
434,267,442
 
TOTAL COMMON STOCKS
 (Cost $435,200,042)
  
  
  
630,622,649
 
  
  
  
Money Market Funds - 3.5%
 
  
Shares
Value ($)
 
Fidelity Cash Central Fund 5.40% (c)
  
2,908,382
2,908,963
Fidelity Securities Lending Cash Central Fund 5.39% (c)(d)
  
19,129,962
19,131,875
 
TOTAL MONEY MARKET FUNDS
 (Cost $22,040,838)
  
  
22,040,838
 
  
  
  
 
TOTAL INVESTMENT IN SECURITIES - 102.3%
 (Cost $457,240,880)
 
  
 
652,663,487
NET OTHER ASSETS (LIABILITIES) - (2.3)%  
(14,406,782)
NET ASSETS - 100.0%
638,256,705
 
  
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 5.40%
8,697,934
130,429,006
136,217,977
152,792
-
-
2,908,963
0.0%
Fidelity Securities Lending Cash Central Fund 5.39%
5,144,250
124,748,054
110,760,429
72,816
-
-
19,131,875
0.1%
Total
13,842,184
255,177,060
246,978,406
225,608
-
-
22,040,838
  
 
  
  
  
  
  
  
  
  
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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