0001752724-24-011926.txt : 20240124 0001752724-24-011926.hdr.sgml : 20240124 20240124171829 ACCESSION NUMBER: 0001752724-24-011926 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: 24557673 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 S000007485 Telecommunications Portfolio C000020459 Telecommunications Portfolio FSTCX C000040631 Fidelity Advisor Telecommunications Fund: Class A FTUAX C000040633 Fidelity Advisor Telecommunications Fund: Class C FTUCX C000040634 Fidelity Advisor Telecommunications Fund: Class M FTUTX C000040635 Fidelity Advisor Telecommunications Fund: Class I FTUIX C000205045 Fidelity Advisor Telecommunications Fund: Class Z FIJGX NPORT-P 1 primary_doc.xml NPORT-P false 0000320351 XXXXXXXX S000007485 C000040633 C000020459 C000040631 C000040634 C000205045 C000040635 Fidelity Select Portfolios 811-03114 0000320351 Z57125JG1LHEQKDYS630 245 Summer Street Boston 02210 1-800-FIDELITY Select Telecommunications Portfolio S000007485 1HEB0K54PXJOB1DB9N04 2024-02-28 2023-11-30 N 203583100.75 16837334.18 186745766.57 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 21712.08000000 N LIBERTY BROADBAND CORP 549300MIX43II8JLN536 LIBERTY BROADBAND CORP C 530307305 41824.00000000 NS USD 3476410.88000000 1.861574130354 Long EC CORP US N 1 N N N CHARTER COMMUNICATIONS INC 0J0XRGZE3PBRFEZ7MV65 CHARTER COMMUNICATIONS INC A 16119P108 7300.00000000 NS USD 2920949.00000000 1.564131307311 Long EC CORP US N 1 N N N GLOBALSTAR INC 549300NEX8I0MSOW0R64 GLOBALSTAR INC 378973408 3353965.00000000 NS USD 5332804.35000000 2.855649393262 Long EC CORP US N 1 N N AT and T INC 549300Z40J86GGSTL398 AT and T INC 00206R102 2772420.00000000 NS USD 45938999.40000000 24.59975411693 Long EC CORP US N 1 N N N LIBERTY LATIN AMERICA LTD 213800YWQHEAX7CAVO83 LIBERTY LATIN AMERICA LTD CL C N/A 884833.00000000 NS USD 6043409.39000000 3.236169419527 Long EC CORP BM N 1 N N N UNITED STATES CELLULAR CORP N/A UNITED STATES CELLULAR CORP 911684108 59100.00000000 NS USD 2684913.00000000 1.437737009686 Long EC CORP US N 1 N N N T-MOBILE US INC 549300QHIJYOHPACPG31 T-MOBILE US INC 872590104 59724.00000000 NS USD 8985475.80000000 4.811608833248 Long EC CORP US N 1 N N N IRIDIUM COMMUNICATIONS INC 549300U620NVQ4J1CT96 IRIDIUM COMMUNICATIONS INC 46269C102 151711.00000000 NS USD 5780189.10000000 3.095218277857 Long EC CORP US N 1 N N N DYCOM INDUSTRIES INC 549300F56EKTHQI3WT60 DYCOM INDUSTRIES INC 267475101 4400.00000000 NS USD 457028.00000000 0.244732723206 Long EC CORP US N 1 N N N BANDWIDTH INC 549300QC70JB7MUGXM66 BANDWIDTH INC 05988J103 45800.00000000 NS USD 502884.00000000 0.269288032192 Long EC CORP US N 1 N N N IDT CORP 549300JNTN7ZMJDFCL56 IDT CORP CL B NEW 448947507 123000.00000000 NS USD 3610050.00000000 1.933136191682 Long EC CORP US N 1 N N N FRONTIER COMMUNICATIONS PARENT INC N/A FRONTIER COMMUNICATIONS PARENT INC 35909D109 367600.00000000 NS USD 8046764.00000000 4.308940517258 Long EC CORP US N 1 N N SHENANDOAH TELECOM CO 549300XH3H4OUKFPHS84 SHENANDOAH TELECOM CO 82312B106 5623.00000000 NS USD 125224.21000000 0.067055983276 Long EC CORP US N 1 N N N ANTERIX INC 549300QIX2QHFGIEQG40 ANTERIX INC 03676C100 135300.00000000 NS USD 4424310.00000000 2.369162140198 Long EC CORP US N 1 N N N COGENT COMMUNICATIONS HOLDINGS INC N/A COGENT COMMUNICATIONS HOLDINGS INC 19239V302 112339.00000000 NS USD 7173968.54000000 3.841569569027 Long EC CORP US N 1 N N N GCI LIBERTY INC 5493003JDENERRDYFN86 GCI LIBERTY INC CL A ESCROW LINE N/A 182800.00000000 NS USD 1.83000000 0.000000979941 Long EC CORP US N 3 N N N ECHOSTAR CORP 549300EE20907QZ9GT38 ECHOSTAR CORP CL A 278768106 195100.00000000 NS USD 2042697.00000000 1.093838450808 Long EC CORP US N 1 N N N DEUTSCHE TELEKOM AG 549300V9QSIG4WX4GJ96 DEUTSCHE TELEKOM AG (REGD) N/A 18000.00000000 NS 431428.83000000 0.231024690906 Long EC CORP DE N 2 N N N COMCAST CORP 51M0QTTNCGUN7KFCFZ59 COMCAST CORP CL A 20030N101 121200.00000000 NS USD 5077068.00000000 2.718705806965 Long EC CORP US N 1 N N N VERIZON COMMUNICATIONS INC 2S72QS2UO2OESLG6Y829 VERIZON COMMUNICATIONS INC 92343V104 1245697.00000000 NS USD 47747566.01000000 25.56821870020 Long EC CORP US N 1 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Cash Central Fund 31635A105 2330960.97200000 NS USD 2331427.16000000 1.248449805755 Long STIV RF US N 1 N N N TELEPHONE and DATA SYSTEMS INC N/A TELEPHONE and DATA SYSTEMS INC 879433829 290164.00000000 NS USD 5716230.80000000 3.060969415795 Long EC CORP US N 1 N N N TWILIO INC 5493004W8TRGD63APX93 TWILIO INC CLASS A 90138F102 4000.00000000 NS USD 258720.00000000 0.138541293198 Long EC CORP US N 1 N N N GOGO INC 549300VL3DIHSFHYTO04 GOGO INC 38046C109 602900.00000000 NS USD 6047087.00000000 3.238138733245 Long EC CORP US N 1 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Securities Lending Cash Central Fund 31635A303 16680358.23300000 NS USD 16682026.27000000 8.933014427262 Long STIV RF US N 1 N N ATN INTERNATIONAL INC 54930013NP7VEU877V56 ATN INTERNATIONAL INC 00215F107 38500.00000000 NS USD 1171940.00000000 0.627559072168 Long EC CORP US N 1 N N N AMDOCS LIMITED 549300HQV672RJ7RQV66 AMDOCS LTD N/A 14000.00000000 NS USD 1172780.00000000 0.628008881561 Long EC CORP GG N 1 N N N LIBERTY GLOBAL LTD 213800HRMKKTYH7SKA24 LIBERTY GLOBAL LTD C N/A 409736.00000000 NS USD 6899954.24000000 3.694838371296 Long EC CORP BM N 1 N N CONSOLIDATED COMMUNICATIONS HOLDINGS INC 529900F6S64KOO8CXH48 CONSOLIDATED COMM HLDGS INC 209034107 238700.00000000 NS USD 1026410.00000000 0.549629594743 Long EC CORP US N 1 N N N LUMEN TECHNOLOGIES 8M3THTGWLTYZVE6BBY25 LUMEN TECHNOLOGIES INC 550241103 972400.00000000 NS USD 1273844.00000000 0.682127377448 Long EC CORP US N 1 N N 2023-12-30 Stacie M. Smith Stacie M. Smith Stacie M. Smith President and Treasurer XXXX NPORT-EX 2 QTLY_96_20231130.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Select Portfolios®
Telecommunications Portfolio
November 30, 2023
TEL-NPRT3-0124
1.810721.119
Common Stocks - 98.0%
 
  
Shares
Value ($)
 
Construction & Engineering - 0.2%
 
  
  
Construction & Engineering - 0.2%
  
  
  
Dycom Industries, Inc. (a)
  
4,400
457,028
Diversified Telecommunication Services - 78.3%
 
  
  
Alternative Carriers - 21.2%
  
  
  
Anterix, Inc. (a)
  
135,300
4,424,310
Bandwidth, Inc. (a)
  
45,800
502,884
Cogent Communications Group, Inc.
 
112,339
7,173,969
EchoStar Holding Corp. Class A (a)
  
195,100
2,042,697
GCI Liberty, Inc. Class A (b)
  
182,800
2
Globalstar, Inc. (a)(c)
  
3,353,965
5,332,804
Iridium Communications, Inc.
 
151,711
5,780,189
Liberty Global Ltd. Class C (c)
  
409,736
6,899,954
Liberty Latin America Ltd. Class C (a)
  
884,833
6,043,409
Lumen Technologies, Inc. (a)(c)
  
972,400
1,273,844
 
  
  
39,474,062
Integrated Telecommunication Services - 57.1%
  
  
  
AT&T, Inc.
 
2,772,420
45,938,999
ATN International, Inc.
 
38,500
1,171,940
Consolidated Communications Holdings, Inc. (a)
  
238,700
1,026,410
Deutsche Telekom AG
 
6,400
153,397
Frontier Communications Parent, Inc. (a)(c)
  
367,600
8,046,764
IDT Corp. Class B (a)
  
123,000
3,610,050
Shenandoah Telecommunications Co.
 
5,623
125,224
Verizon Communications, Inc.
 
1,211,597
46,440,514
 
  
  
106,513,298
TOTAL DIVERSIFIED TELECOMMUNICATION SERVICES
  
  
145,987,360
IT Services - 0.8%
 
  
  
Internet Services & Infrastructure - 0.2%
  
  
  
Twilio, Inc. Class A (a)
  
4,000
258,720
IT Consulting & Other Services - 0.6%
  
  
  
Amdocs Ltd.
 
14,000
1,172,780
TOTAL IT SERVICES
  
  
1,431,500
Media - 6.1%
 
  
  
Cable & Satellite - 6.1%
  
  
  
Charter Communications, Inc. Class A (a)
  
7,300
2,920,949
Comcast Corp. Class A
 
121,200
5,077,068
Liberty Broadband Corp. Class C (a)
  
41,824
3,476,411
 
  
  
11,474,428
Wireless Telecommunication Services - 12.6%
 
  
  
Wireless Telecommunication Services - 12.6%
  
  
  
Gogo, Inc. (a)
  
602,900
6,047,087
T-Mobile U.S., Inc.
 
59,724
8,985,476
Telephone & Data Systems, Inc.
 
290,164
5,716,231
U.S. Cellular Corp. (a)
  
59,100
2,684,913
 
  
  
23,433,707
 
TOTAL COMMON STOCKS
 (Cost $191,010,377)
  
  
  
182,784,023
 
  
  
  
Money Market Funds - 7.2%
 
  
Shares
Value ($)
 
Fidelity Cash Central Fund 5.40% (d)
  
2,330,961
2,331,427
Fidelity Securities Lending Cash Central Fund 5.39% (d)(e)
  
11,078,693
11,079,801
 
TOTAL MONEY MARKET FUNDS
 (Cost $13,411,228)
  
  
13,411,228
 
  
  
  
 
TOTAL INVESTMENT IN SECURITIES - 105.2%
 (Cost $204,421,605)
 
  
 
196,195,251
NET OTHER ASSETS (LIABILITIES) - (5.2)%  
(9,652,524)
NET ASSETS - 100.0%
186,542,727
 
  
Legend
 
(a)
Non-income producing
 
(b)
Level 3 security
 
(c)
Security or a portion of the security is on loan at period end.
 
(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 5.40%
10,884,272
24,963,841
33,516,686
77,108
-
-
2,331,427
0.0%
Fidelity Securities Lending Cash Central Fund 5.39%
9,165,924
82,611,167
80,697,290
5,883
-
-
11,079,801
0.0%
Total
20,050,196
107,575,008
114,213,976
82,991
-
-
13,411,228
  
 
  
  
  
  
  
  
  
  
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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