0001752724-24-011882.txt : 20240124 0001752724-24-011882.hdr.sgml : 20240124 20240124171717 ACCESSION NUMBER: 0001752724-24-011882 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: 24557634 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 2023-11-30 N 911107005.70 36257926.78 874849078.92 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 18947.37000000 N LYONDELLBASELL INDS NV BN6WCCZ8OVP3ITUUVN49 LYONDELLBASELL INDS CLASS A N/A 332000.00000000 NS USD 31573200.00000000 3.608988197024 Long EC CORP NL N 1 N N N ORION SA N/A ORION SA N/A 223400.00000000 NS USD 5323622.00000000 0.608518900948 Long EC CORP LU N 1 N N N STEEL DYNAMICS INC 549300HGGKEL4FYTTQ83 STEEL DYNAMICS INC 858119100 92200.00000000 NS USD 10983786.00000000 1.255506379861 Long EC CORP US N 1 N N N FIRST QUANTUM MINERALS LTD 549300I7UVBGWRYMYZ18 FIRST QUANTUM MINERALS INC 335934105 461300.00000000 NS 3776884.19000000 0.431718370746 Long EC CORP CA N 1 N N N HUNTSMAN CORP 5299000V56320A7RIQ67 HUNTSMAN CORP 447011107 250700.00000000 NS USD 6167220.00000000 0.704946732939 Long EC CORP US N 1 N N N RELIANCE STEEL and ALUMINUM CO 549300E287ZOFT3C5Z56 RELIANCE STEEL and ALUMINUM CO 759509102 28910.00000000 NS USD 7957766.60000000 0.909615931678 Long EC CORP US N 1 N N N CROWN HOLDINGS INC NYLWZIOY8PUNIT4JOE22 CROWN HOLDINGS INC 228368106 143859.00000000 NS USD 12373312.59000000 1.414336813987 Long EC CORP US N 1 N N N AIR PRODUCTS and CHEMICALS INC 7QEON6Y1RL5XR3R1W237 AIR PRODUCTS and CHEMICALS INC 009158106 139300.00000000 NS USD 37687615.00000000 4.307899031742 Long EC CORP US N 1 N N N VULCAN MATERIALS CO 549300Q8LSNHAVWBNI21 VULCAN MATERIALS CO 929160109 94500.00000000 NS USD 20181420.00000000 2.306845887626 Long EC CORP US N 1 N N N CHEMTRADE LOGISTICS INCOME FD N/A CHEMTRADE LOGISTICS INCOME FD 16387P103 1852000.00000000 NS 11873982.09000000 1.357260626559 Long EC CORP CA N 1 N N N AVERY DENNISON CORP 549300PW7VPFCYKLIV37 AVERY DENNISON CORP 053611109 94700.00000000 NS USD 18419150.00000000 2.105408857804 Long EC CORP US N 1 N N N WESTLAKE CORP GOXNEVUM0LL78B1OS344 WESTLAKE CORP 960413102 149500.00000000 NS USD 19194305.00000000 2.194013283261 Long EC CORP US N 1 N N N NUCOR CORP 549300GGJCRSI2TIEJ46 NUCOR CORP 670346105 1900.00000000 NS USD 322943.00000000 0.036914138424 Long EC CORP US N 1 N N N CORTEVA INC 549300WZN9I2QKLS0O94 CORTEVA INC 22052L104 626211.00000000 NS USD 28304737.20000000 3.235385151795 Long EC CORP US N 1 N N N TRONOX HOLDINGS PLC 549300NRVC84SGJSXV06 TRONOX HOLDINGS PLC N/A 1811303.00000000 NS USD 23094113.25000000 2.639782541522 Long EC CORP GB N 1 N N N EASTMAN CHEMICAL CO FDPVHDGJ1IQZFK9KH630 EASTMAN CHEMICAL CO 277432100 35300.00000000 NS USD 2959199.00000000 0.338252513639 Long EC CORP US N 1 N N N E3 LITHIUM LTD 52990082J3TRBAE2EA67 E3 LITHIUM LTD 26925V108 546400.00000000 NS 857682.30000000 0.098037743956 Long EC CORP CA N 1 N N N CHEMOURS CO 549300M1BOLNXL8DOV14 CHEMOURS CO/ THE 163851108 1151700.00000000 NS USD 31591131.00000000 3.611037807686 Long EC CORP US N 1 N N N APTARGROUP INC VNPEQDQFAA7IY1T2PX43 APTARGROUP INC 038336103 220100.00000000 NS USD 27928489.00000000 3.192377939573 Long EC CORP US N 1 N N N FREEPORT-MCMORAN INC 549300IRDTHJQ1PVET45 FREEPORT MCMORAN INC 35671D857 1648400.00000000 NS USD 61518288.00000000 7.031874352081 Long EC CORP US N 1 N N N IVANHOE MINE LTD 5299006XZISURYIA4G32 IVANHOE MINES LTD 46579R104 1443200.00000000 NS 12879731.75000000 1.472223273744 Long EC CORP CA N 1 N N N OLIN CORP 549300GKK294V7W57P06 OLIN CORP 680665205 377500.00000000 NS USD 17795350.00000000 2.034105130677 Long EC CORP US N 1 N N N CABOT CORP K05C0SER542GQ6VLRO68 CABOT CORP 127055101 339700.00000000 NS USD 25783230.00000000 2.947163187487 Long EC CORP US N 1 N N N COMMERCIAL METALS CO 549300OQS2LO07ZJ7N73 COMMERCIAL METALS CO 201723103 239600.00000000 NS USD 10861068.00000000 1.241479046123 Long EC CORP US N 1 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Cash Central Fund 31635A105 22616789.97100000 NS USD 22621313.33000000 2.585738943444 Long STIV RF US N 1 N N N NUTRIEN LTD 5493002QQ7GD21OWF963 NUTRIEN LTD 67077M108 161600.00000000 NS 8643596.30000000 0.988009990325 Long EC CORP CA N 1 N N N MARTIN MARIETTA MATERIALS INC 5299005MZ4WZECVATV08 MARTIN MARIETTA MATERIALS INC 573284106 43900.00000000 NS USD 20395501.00000000 2.331316508348 Long EC CORP US N 1 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Securities Lending Cash Central Fund 31635A303 28314451.30200000 NS USD 28317282.75000000 3.236819176280 Long STIV RF US N 1 N N KOPPERS HOLDINGS INC N/A KOPPERS HLDGS INC 50060P106 4205.00000000 NS USD 189939.85000000 0.021711156195 Long EC CORP US N 1 N N N DUPONT DE NEMOURS INC 5493004JF0SDFLM8GD76 DUPONT DE NEMOURS INC 26614N102 466817.00000000 NS USD 33396088.18000000 3.817354213966 Long EC CORP US N 1 N N N GREIF INC 54930070FVGKR0Z1FI24 GREIF INC CL A 397624107 317800.00000000 NS USD 22214220.00000000 2.539205965379 Long EC CORP US N 1 N N N DOW INC 5493003S21INSLK2IP73 DOW INC 260557103 942300.00000000 NS USD 48764025.00000000 5.573992837735 Long EC CORP US N 1 N N N FRANCO NEVADA CORP N/A FRANCO-NEVADA CORP 351858105 103600.00000000 NS 11603322.16000000 1.326322726923 Long EC CORP CA N 1 N N N MOSAIC CO 2YD5STGSJNMUB7H76907 MOSAIC CO NEW 61945C103 377200.00000000 NS USD 13537708.00000000 1.547433531816 Long EC CORP US N 1 N N N LINDE PLC 5299003QR1WT0EF88V51 LINDE PLC N/A 527086.00000000 NS USD 218092374.22000000 24.92914257728 Long EC CORP IE N 1 N N N CELANESE CORP DEL 549300FHJQTDPPN41627 CELANESE CORP 150870103 268800.00000000 NS USD 37271808.00000000 4.260370033881 Long EC CORP US N 1 N N WHEATON PRECIOUS METALS CORP 549300XSFG5ZCGVYD886 WHEATON PRECIOUS METALS CORP 962879102 53000.00000000 NS 2591510.37000000 0.296223706744 Long EC CORP CA 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_509_20231130.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Select Portfolios®
Materials Portfolio
November 30, 2023
IND-NPRT3-0124
1.810697.119
Common Stocks - 96.3%
 
  
Shares
Value ($)
 
Chemicals - 68.2%
 
  
  
Commodity Chemicals - 21.0%
  
  
  
Cabot Corp.
 
339,700
25,783,230
Chemtrade Logistics Income Fund
 
1,852,000
11,873,982
Dow, Inc.
 
942,300
48,764,025
Koppers Holdings, Inc.
 
4,805
217,042
LyondellBasell Industries NV Class A
 
332,000
31,573,200
Olin Corp.
 
377,500
17,795,350
Orion SA
 
223,400
5,323,622
Tronox Holdings PLC
 
1,790,903
22,834,013
Westlake Corp.
 
149,500
19,194,305
 
  
  
183,358,769
Diversified Chemicals - 4.3%
  
  
  
Huntsman Corp.
 
250,700
6,167,220
The Chemours Co. LLC
 
1,151,700
31,591,131
 
  
  
37,758,351
Fertilizers & Agricultural Chemicals - 5.8%
  
  
  
Corteva, Inc.
 
626,211
28,304,737
Nutrien Ltd.
 
161,600
8,643,596
The Mosaic Co.
 
386,800
13,882,252
 
  
  
50,830,585
Industrial Gases - 29.0%
  
  
  
Air Products & Chemicals, Inc.
 
131,300
35,523,215
Linde PLC
 
527,086
218,092,375
 
  
  
253,615,590
Specialty Chemicals - 8.1%
  
  
  
Celanese Corp. Class A (a)
  
268,800
37,271,808
DuPont de Nemours, Inc.
 
430,317
30,784,878
Eastman Chemical Co.
 
35,300
2,959,199
 
  
  
71,015,885
TOTAL CHEMICALS
  
  
596,579,180
Construction Materials - 4.5%
 
  
  
Construction Materials - 4.5%
  
  
  
Martin Marietta Materials, Inc.
 
42,600
19,791,534
Vulcan Materials Co.
 
91,700
19,583,452
 
  
  
39,374,986
Containers & Packaging - 9.3%
 
  
  
Metal, Glass & Plastic Containers - 7.2%
  
  
  
Aptargroup, Inc.
 
220,100
27,928,489
Crown Holdings, Inc.
 
143,859
12,373,313
Greif, Inc. Class A
 
317,800
22,214,220
 
  
  
62,516,022
Paper & Plastic Packaging Products & Materials - 2.1%
  
  
  
Avery Dennison Corp.
 
94,700
18,419,150
TOTAL CONTAINERS & PACKAGING
  
  
80,935,172
Metals & Mining - 14.3%
 
  
  
Copper - 7.5%
  
  
  
First Quantum Minerals Ltd.
 
482,400
3,949,640
Freeport-McMoRan, Inc.
 
1,648,400
61,518,288
 
  
  
65,467,928
Diversified Metals & Mining - 1.5%
  
  
  
E3 Lithium Ltd. (b)
  
490,700
770,250
Ivanhoe Mines Ltd. (b)
  
1,443,200
12,879,732
 
  
  
13,649,982
Gold - 1.6%
  
  
  
Franco-Nevada Corp.
 
103,600
11,603,322
Wheaton Precious Metals Corp.
 
53,000
2,591,510
 
  
  
14,194,832
Steel - 3.7%
  
  
  
Arch Resources, Inc.
 
28,200
4,680,072
Commercial Metals Co.
 
233,800
10,598,154
Nucor Corp.
 
5,200
883,844
Reliance Steel & Aluminum Co.
 
17,792
4,897,426
Steel Dynamics, Inc.
 
92,200
10,983,786
 
  
  
32,043,282
TOTAL METALS & MINING
  
  
125,356,024
 
TOTAL COMMON STOCKS
 (Cost $614,809,129)
  
  
  
842,245,362
 
  
  
  
Money Market Funds - 5.9%
 
  
Shares
Value ($)
 
Fidelity Cash Central Fund 5.40% (c)
  
22,616,790
22,621,313
Fidelity Securities Lending Cash Central Fund 5.39% (c)(d)
  
28,933,346
28,936,240
 
TOTAL MONEY MARKET FUNDS
 (Cost $51,557,553)
  
  
51,557,553
 
  
  
  
 
TOTAL INVESTMENT IN SECURITIES - 102.2%
 (Cost $666,366,682)
 
  
 
893,802,915
NET OTHER ASSETS (LIABILITIES) - (2.2)%  
(19,362,162)
NET ASSETS - 100.0%
874,440,753
 
  
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 5.40%
12,468,877
195,064,044
184,911,608
182,948
-
-
22,621,313
0.0%
Fidelity Securities Lending Cash Central Fund 5.39%
17,449,050
253,460,274
241,973,084
29,573
-
-
28,936,240
0.1%
Total
29,917,927
448,524,318
426,884,692
212,521
-
-
51,557,553
  
 
  
  
  
  
  
  
  
  
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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