0001752724-24-151248.txt : 20240628 0001752724-24-151248.hdr.sgml : 20240628 20240628160814 ACCESSION NUMBER: 0001752724-24-151248 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240430 FILED AS OF DATE: 20240628 DATE AS OF CHANGE: 20240628 PERIOD START: 20250131 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: 241085747 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 S000039312 Fidelity Telecom and Utilities Fund C000121123 Fidelity Telecom and Utilities Fund FIUIX NPORT-P 1 primary_doc.xml NPORT-P false 0000320351 XXXXXXXX S000039312 C000121123 Fidelity Select Portfolios 811-03114 0000320351 Z57125JG1LHEQKDYS630 245 Summer Street Boston 02210 1-800-FIDELITY Fidelity Telecom and Utilities Fund S000039312 8CMSOP48PY112BQJ9144 2025-01-31 2024-04-30 N 918471798.84 9779238.26 908692560.58 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 AES CORP 2NUNNB7D43COUIRE5295 AES CORP 00130H105 991600.00000000 NS USD 17749640.00000000 1.953316310708 Long EC CORP US N 1 N N N XCEL ENERGY INC LGJNMI9GH8XIDG5RCM61 XCEL ENERGY INC 98389B100 337600.00000000 NS USD 18139248.00000000 1.996191978112 Long EC CORP US N 1 N N N AT and T INC 549300Z40J86GGSTL398 AT and T INC 00206R102 4700500.00000000 NS USD 79391445.00000000 8.736887308654 Long EC CORP US N 1 N N N ENTERGY CORP NEW 4XM3TW50JULSLG8BNC79 ENTERGY CORP 29364G103 343715.00000000 NS USD 36664079.05000000 4.034816685040 Long EC CORP US N 1 N N N T-MOBILE US INC 549300QHIJYOHPACPG31 T-MOBILE US INC 872590104 267069.00000000 NS USD 43844717.73000000 4.825033199569 Long EC CORP US N 1 N N N SOUTHERN COMPANY 549300FC3G3YU2FBZD92 SOUTHERN CO 842587107 593265.00000000 NS USD 43604977.50000000 4.798650213683 Long EC CORP US N 1 N N N EVERSOURCE ENERGY SJ7XXD41SQU3ZNWUJ746 EVERSOURCE ENERGY 30040W108 500100.00000000 NS USD 30316062.00000000 3.336228699908 Long EC CORP US N 1 N N N NEXTERA ENERGY INC 254900RHL9MEUS5NKX63 NEXTERA ENERGY INC 65339F101 1506274.00000000 NS USD 100875169.78000000 11.10113300758 Long EC CORP US N 1 N N N AMERICAN ELECTRIC POWER CO INC 1B4S6S7G0TW5EE83BO58 AMERICAN ELECTRIC POWER CO INC 025537101 204500.00000000 NS USD 17593135.00000000 1.936093213833 Long EC CORP US N 1 N N N SEMPRA PBBKGKLRK5S5C0Y4T545 SEMPRA 816851109 593942.00000000 NS USD 42544065.46000000 4.681898730726 Long EC CORP US N 1 N N N FIRSTENERGY CORP 549300SVYJS666PQJH88 FIRSTENERGY CORP 337932107 680477.00000000 NS USD 26089488.18000000 2.871101768825 Long EC CORP US N 1 N N N NRG ENERGY INC 5E2UPK5SW04M13XY7I38 NRG ENERGY INC 629377508 256175.00000000 NS USD 18616237.25000000 2.048683796653 Long EC CORP US N 1 N N N SUNRUN INC 54930007SJ77CI66U531 SUNRUN INC 86771W105 520000.00000000 NS USD 5350800.00000000 0.588846022529 Long EC CORP US N 1 N N PG and E CORP 8YQ2GSDWYZXO2EDN3511 PG and E CORP 69331C108 4027274.00000000 NS USD 68906658.14000000 7.583055164005 Long EC CORP US N 1 N N N FRONTIER COMMUNICATIONS PARENT INC N/A FRONTIER COMMUNICATIONS PARENT INC 35909D109 158000.00000000 NS USD 3656120.00000000 0.402349502857 Long EC CORP US N 1 N N NISOURCE INC 549300D8GOWWH0SJB189 NISOURCE INC 65473P105 463200.00000000 NS USD 12904752.00000000 1.420145003912 Long EC CORP US N 1 N N N NEXTERA ENERGY PARTNERS LP 5493008F4ZOQFNG3WN54 NEXTERA ENERGY PARTNERS LP 65341B106 185754.00000000 NS USD 5267983.44000000 0.579732207407 Long EC CORP US N 1 N N N GCI LIBERTY INC 5493003JDENERRDYFN86 GCI LIBERTY INC CL A ESCROW LINE N/A 175031.00000000 NS USD 1.75000000 0.000000192584 Long EC CORP US N 3 N N N VERIZON COMMUNICATIONS INC 2S72QS2UO2OESLG6Y829 VERIZON COMMUNICATIONS INC 92343V104 2243200.00000000 NS USD 88583968.00000000 9.748508114059 Long EC CORP US N 1 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Cash Central Fund 31635A105 14063740.75100000 NS USD 14066553.50000000 1.547999192490 Long STIV RF US N 1 N N N NEXTRACKER INC N/A NEXTRACKER INC CL A 65290E101 268.00000000 NS USD 11467.72000000 0.001262002188 Long EC CORP US N 1 N N N CONSTELLATION ENERGY CORP N/A CONSTELLATION ENERGY CORP 21037T109 327333.00000000 NS USD 60864298.02000000 6.698007737749 Long EC CORP US N 1 N N N TELEPHONE and DATA SYSTEMS INC N/A TELEPHONE and DATA SYSTEMS INC 879433829 697870.00000000 NS USD 10921665.50000000 1.201909861904 Long EC CORP US N 1 N N N PUBLIC SERVICE ENTERPRISE GROUP INC PUSS41EMO3E6XXNV3U28 PUBLIC SVC ENTERPRISE GRP INC 744573106 262500.00000000 NS USD 18133500.00000000 1.995559420936 Long EC CORP US N 1 N N N EDISON INTERNATIONAL 549300I7ROF15MAEVP56 EDISON INTL 281020107 621228.00000000 NS USD 44144461.68000000 4.858019488111 Long EC CORP US N 1 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Securities Lending Cash Central Fund 31635A303 9093490.66100000 NS USD 9094400.01000000 1.000822544887 Long STIV RF US N 1 N N PPL CORPORATION 9N3UAJSNOUXFKQLF3V18 PPL CORPORATION 69351T106 954707.00000000 NS USD 26216254.22000000 2.885052146048 Long EC CORP US N 1 N N N VISTRA CORP 549300KP43CPCUJOOG15 VISTRA CORP 92840M102 743587.00000000 NS USD 56393638.08000000 6.206019563316 Long EC CORP US N 1 N N N 2024-05-30 Stacie M. Smith Stacie M. Smith Stacie M. Smith President and Treasurer XXXX NPORT-EX 2 QTLY_311_20240430.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Telecom and Utilities Fund
April 30, 2024
UIF-NPRT1-0624
1.800364.120
Common Stocks - 95.5%
 
  
Shares
Value ($)
(000s)
 
COMMUNICATION SERVICES - 24.8%
 
  
  
Diversified Telecommunication Services - 18.8%
  
  
  
AT&T, Inc.
 
4,700,500
79,391
Frontier Communications Parent, Inc. (a)(b)
  
158,000
3,656
GCI Liberty, Inc. Class A (Escrow) (c)(f)
  
175,031
0
Verizon Communications, Inc.
 
2,220,000
87,668
 
  
  
170,715
Wireless Telecommunication Services - 6.0%
  
  
  
T-Mobile U.S., Inc.
 
267,069
43,845
Telephone & Data Systems, Inc.
 
697,870
10,922
 
  
  
54,767
TOTAL COMMUNICATION SERVICES
  
  
225,482
INDUSTRIALS - 0.6%
 
  
  
Electrical Equipment - 0.6%
  
  
  
Nextracker, Inc. Class A (a)
  
268
11
Sunrun, Inc. (a)(b)
  
520,000
5,351
 
  
  
5,362
UTILITIES - 70.1%
 
  
  
Electric Utilities - 53.2%
  
  
  
American Electric Power Co., Inc.
 
204,500
17,593
Constellation Energy Corp.
 
296,133
55,063
Edison International
 
621,228
44,144
Entergy Corp.
 
343,715
36,664
Eversource Energy
 
500,100
30,316
FirstEnergy Corp.
 
680,477
26,089
NextEra Energy, Inc.
 
1,465,274
98,129
NRG Energy, Inc.
 
256,175
18,616
PG&E Corp.
 
4,027,274
68,907
PPL Corp.
 
954,707
26,216
Southern Co.
 
593,265
43,605
Xcel Energy, Inc.
 
337,600
18,139
 
  
  
483,481
Independent Power and Renewable Electricity Producers - 8.8%
  
  
  
NextEra Energy Partners LP
 
185,754
5,268
The AES Corp.
 
991,600
17,750
Vistra Corp.
 
743,587
56,394
 
  
  
79,412
Multi-Utilities - 8.1%
  
  
  
NiSource, Inc.
 
463,200
12,905
Public Service Enterprise Group, Inc.
 
262,500
18,134
Sempra
 
593,942
42,544
 
  
  
73,583
TOTAL UTILITIES
  
  
636,476
 
TOTAL COMMON STOCKS
 (Cost $631,061)
  
  
  
867,320
 
  
  
  
Money Market Funds - 2.4%
 
  
Shares
Value ($)
(000s)
 
Fidelity Cash Central Fund 5.39% (d)
  
14,063,741
14,067
Fidelity Securities Lending Cash Central Fund 5.39% (d)(e)
  
8,201,280
8,202
 
TOTAL MONEY MARKET FUNDS
 (Cost $22,269)
  
  
22,269
 
  
  
  
 
TOTAL INVESTMENT IN SECURITIES - 97.9%
 (Cost $653,330)
 
  
 
889,589
NET OTHER ASSETS (LIABILITIES) - 2.1%  
18,800
NET ASSETS - 100.0%
908,389
 
  
Any values shown as $0 in the Schedule of Investments may reflect amounts less than $500.
 
Legend
 
(a)
Non-income producing
 
(b)
Security or a portion of the security is on loan at period end.
 
(c)
Level 3 security
 
(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.
 
(f)
Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues).  At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $0 or 0.0% of net assets.
 
 
 
Additional information on each restricted holding is as follows:
Security
Acquisition Date
Acquisition Cost ($)
(000s)
GCI Liberty, Inc. Class A (Escrow)
5/23/23
0
 
  
  
 
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 5.39%
19,641
66,920
72,494
155
-
-
14,067
0.0%
Fidelity Securities Lending Cash Central Fund 5.39%
7,928
45,028
44,754
2
-
-
8,202
0.0%
Total
27,569
111,948
117,248
157
-
-
22,269
  
 
  
  
  
  
  
  
  
  
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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