0001752724-24-166822.txt : 20240726 0001752724-24-166822.hdr.sgml : 20240726 20240726161157 ACCESSION NUMBER: 0001752724-24-166822 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240531 FILED AS OF DATE: 20240726 DATE AS OF CHANGE: 20240726 PERIOD START: 20250228 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: 241146975 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 2025-02-28 2024-05-31 N 700994749.17 15455475.32 685539273.85 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 335042.25000000 N ALPHAMIN RESOURCES CORP 529900YI7Z8X5I42E192 ALPHAMIN RESOURCES CORP N/A 987400.00000000 NS 796903.77000000 0.116244801778 Long EC CORP MU N 1 N N N MEG ENERGY CORP 5493002WXPTG5ZC1T326 MEG ENERGY CORP 552704108 1886639.00000000 NS 40959424.78000000 5.974774362666 Long EC CORP CA N 1 N N N PHILLIPS 66 5493005JBO5YSIGK1814 PHILLIPS 66 718546104 191116.00000000 NS USD 27159494.76000000 3.961770797969 Long EC CORP US N 1 N N N CANADIAN NATURAL RESOURCES LTD 549300T15RIMIKZC5Q38 CANADIAN NATL RESOURCES LTD 136385101 18700.00000000 NS USD 1436721.00000000 0.209575301489 Long EC CORP CA N 1 N N N TECK RESOURCES LTD T8KI5SQ2JRWHL7XY0E11 TECK RESOURCES LTD SUB VTG CLB 878742204 251200.00000000 NS USD 13074960.00000000 1.907251779547 Long EC CORP CA N 1 N N N SHELL PLC 21380068P1DRHMJ8KU70 SHELL PLC SPONS ADR 780259305 707400.00000000 NS USD 51484572.00000000 7.510083515837 Long EC CORP GB N 1 N N N NGEX MINERALS LTD 549300M2DU5ORAGOIG27 NGEX MINERALS LTD 65343P103 377300.00000000 NS 2693517.00000000 0.392904841887 Long EC CORP CA N 1 N N N FIRST QUANTUM MINERALS LTD 549300I7UVBGWRYMYZ18 FIRST QUANTUM MINERALS INC 335934105 1112000.00000000 NS 14286011.96000000 2.083908611066 Long EC CORP CA N 1 N N N CROWN HOLDINGS INC NYLWZIOY8PUNIT4JOE22 CROWN HOLDINGS INC 228368106 69100.00000000 NS USD 5817529.00000000 0.848606231898 Long EC CORP US N 1 N N N AVERY DENNISON CORP 549300PW7VPFCYKLIV37 AVERY DENNISON CORP 053611109 57600.00000000 NS USD 13109184.00000000 1.912244053703 Long EC CORP US N 1 N N N HECLA MINING CO 5493009Y6HOBZD1QD537 HECLA MINING CO 422704106 602800.00000000 NS USD 3550492.00000000 0.517912267820 Long EC CORP US N 1 N N N HESS CORP UASVRYNXNK17ULIGK870 HESS CORP 42809H107 147800.00000000 NS USD 22775980.00000000 3.322345030954 Long EC CORP US N 1 N N N TECHNIPFMC PLC 549300D5I93QWCJTCK36 TECHNIPFMC PLC N/A 388000.00000000 NS USD 10161720.00000000 1.482295819892 Long EC CORP GB N 1 N N N AGNICO EAGLE MINES LTD YGE0EUBRF7IJOB3QRX76 AGNICO EAGLE MINES LTD 008474108 147600.00000000 NS USD 10067796.00000000 1.468595073110 Long EC CORP CA N 1 N N N EXPRO GROUP HOLDINGS NV 724500LJYA8QIT73H017 EXPRO GROUP HOLDINGS NV N/A 503900.00000000 NS USD 11060605.00000000 1.613416681130 Long EC CORP NL N 1 N N N VALERO ENERGY CORP 549300XTO5VR8SKV1V74 VALERO ENERGY CORP 91913Y100 217300.00000000 NS USD 34146522.00000000 4.980972396844 Long EC CORP US N 1 N N N APTARGROUP INC VNPEQDQFAA7IY1T2PX43 APTARGROUP INC 038336103 73400.00000000 NS USD 10840446.00000000 1.581301963798 Long EC CORP US N 1 N N N FREEPORT-MCMORAN INC 549300IRDTHJQ1PVET45 FREEPORT MCMORAN INC 35671D857 273900.00000000 NS USD 14442747.00000000 2.106771639630 Long EC CORP US N 1 N N N IVANHOE MINE LTD 5299006XZISURYIA4G32 IVANHOE MINES LTD 46579R104 1081100.00000000 NS 15610292.38000000 2.277082141819 Long EC CORP CA N 1 N N WHEATON PRECIOUS METALS CORP 549300XSFG5ZCGVYD886 WHEATON PRECIOUS METALS CORP 962879102 169650.00000000 NS USD 9349411.50000000 1.363803921472 Long EC CORP CA N 1 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Cash Central Fund 31635A105 2613249.07000000 NS USD 2613771.72000000 0.381272352978 Long STIV RF US N 1 N N N WEATHERFORD INTERNATIONAL PLC 529900LPBDSCQDJKHQ39 WEATHERFORD INTERNATIONAL PLC N/A 170764.00000000 NS USD 20549739.76000000 2.997602113237 Long EC CORP IE N 1 N N N EXXON MOBIL CORP J3WHBG0MTS7O8ZVMDC91 EXXON MOBIL CORP 30231G102 1315959.00000000 NS USD 154309352.34000000 22.50919213911 Long EC CORP US N 1 N N N IMPERIAL OIL LTD 549300MO45LTBPAU4Z27 IMPERIAL OIL LTD 453038408 783300.00000000 NS 55344502.73000000 8.073133785491 Long EC CORP CA N 1 N N N GALP ENERGIA SGPS SA 2138003319Y7NM75FG53 GALP ENERGIA SGPS SA N/A 1437900.00000000 NS 30237784.57000000 4.410802666371 Long EC CORP PT N 2 N N MARTIN MARIETTA MATERIALS INC 5299005MZ4WZECVATV08 MARTIN MARIETTA MATERIALS INC 573284106 12000.00000000 NS USD 6864960.00000000 1.001395581823 Long EC CORP US N 1 N N N TIDEWATER INC 2549000JA5GRUPLMUH98 TIDEWATER INC 88642R109 29200.00000000 NS USD 3017236.00000000 0.440125914749 Long EC CORP US N 1 N N N ATHABASCA OIL CORP 549300STK2KBVO6WED71 ATHABASCA OIL CORP 04682R107 5078800.00000000 NS 18668907.88000000 2.723244107541 Long EC CORP CA N 1 N N N CAMECO CORP N4BHALMXL3GMZKCUON55 CAMECO CORP 13321L108 175453.00000000 NS USD 9739396.03000000 1.420691184518 Long EC CORP CA N 1 N N N PBF ENERGY INC 2549003PBEDCSZMZIY02 PBF ENERGY INC CL A 69318G106 140600.00000000 NS USD 6513998.00000000 0.950200557207 Long EC CORP US N 1 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Securities Lending Cash Central Fund 31635A303 14927225.33800000 NS USD 14928718.06000000 2.177660511871 Long STIV RF US N 1 N N GREIF INC 54930070FVGKR0Z1FI24 GREIF INC CL A 397624107 107800.00000000 NS USD 7000532.00000000 1.021171545823 Long EC CORP US N 1 N N N AFRICA OIL CORP 549300071188HIDJEB11 AFRICA OIL CORP 00829Q101 8211600.00000000 NS 15724917.28000000 2.293802540544 Long EC CORP CA N 1 N N N IVANHOE ELECTRIC INC N/A IVANHOE ELECTRIC INC 46578C108 235700.00000000 NS USD 2679909.00000000 0.390919835263 Long EC CORP US N 1 N N N DOW INC 5493003S21INSLK2IP73 DOW INC 260557103 121000.00000000 NS USD 6973230.00000000 1.017188987705 Long EC CORP US N 1 N N N FRANCO NEVADA CORP N/A FRANCO-NEVADA CORP 351858105 106700.00000000 NS 13127791.19000000 1.914958294989 Long EC CORP CA N 1 N N N KOSMOS ENERGY LTD 213800YDFJ3OT9B5P157 KOSMOS ENERGY LTD 500688106 1633500.00000000 NS USD 9964350.00000000 1.453505346825 Long EC CORP US N 1 N N N NEWMONT CORP 549300VSP3RIX7FGDZ51 NEWMONT CORP 651639106 169000.00000000 NS USD 7087860.00000000 1.033910130369 Long EC CORP US N 1 N N N 2024-06-30 Stacie M. Smith Stacie M. Smith Stacie M. Smith President and Treasurer XXXX NPORT-EX 2 QTLY_514_20240531.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Natural Resources Fund
May 31, 2024
NAT-NPRT1-0724
1.802184.120
Common Stocks - 99.2%
 
  
Shares
Value ($)
 
Chemicals - 1.0%
 
  
  
Commodity Chemicals - 1.0%
  
  
  
Dow, Inc.
 
121,000
6,973,230
Construction Materials - 1.0%
 
  
  
Construction Materials - 1.0%
  
  
  
Martin Marietta Materials, Inc.
 
12,100
6,922,168
Containers & Packaging - 5.4%
 
  
  
Metal, Glass & Plastic Containers - 3.5%
  
  
  
Aptargroup, Inc.
 
73,400
10,840,446
Crown Holdings, Inc.
 
69,100
5,817,529
Greif, Inc. Class A
 
107,800
7,000,532
 
  
  
23,658,507
Paper & Plastic Packaging Products & Materials - 1.9%
  
  
  
Avery Dennison Corp.
 
57,600
13,109,184
TOTAL CONTAINERS & PACKAGING
  
  
36,767,691
Energy Equipment & Services - 6.5%
 
  
  
Oil & Gas Equipment & Services - 6.5%
  
  
  
Expro Group Holdings NV (a)
  
503,900
11,060,605
TechnipFMC PLC
 
388,000
10,161,720
Tidewater, Inc. (a)
  
29,200
3,017,236
Weatherford International PLC (a)
  
170,764
20,549,740
 
  
  
44,789,301
Metals & Mining - 15.9%
 
  
  
Copper - 4.3%
  
  
  
First Quantum Minerals Ltd.
 
1,148,900
14,760,071
Freeport-McMoRan, Inc.
 
275,200
14,511,296
 
  
  
29,271,367
Diversified Metals & Mining - 5.1%
  
  
  
Alphamin Resources Corp.
 
817,900
660,105
Ivanhoe Electric, Inc. (a)
  
241,700
2,748,129
Ivanhoe Mines Ltd. (a)(b)
  
1,081,100
15,610,292
NGEx Minerals Ltd. (a)
  
386,900
2,762,051
Teck Resources Ltd. Class B
 
251,200
13,074,960
 
  
  
34,855,537
Gold - 5.9%
  
  
  
Agnico Eagle Mines Ltd. (United States)
 
160,500
10,947,705
Franco-Nevada Corp.
 
106,700
13,127,791
Newmont Corp.
 
169,000
7,087,860
Wheaton Precious Metals Corp.
 
166,350
9,167,549
 
  
  
40,330,905
Silver - 0.6%
  
  
  
Hecla Mining Co.
 
729,600
4,297,344
TOTAL METALS & MINING
  
  
108,755,153
Oil, Gas & Consumable Fuels - 69.4%
 
  
  
Coal & Consumable Fuels - 1.4%
  
  
  
Cameco Corp.
 
175,453
9,739,396
Integrated Oil & Gas - 42.6%
  
  
  
Exxon Mobil Corp.
 
1,315,959
154,309,352
Galp Energia SGPS SA Class B (b)
  
1,454,100
30,578,456
Imperial Oil Ltd. (b)
  
783,300
55,344,503
Shell PLC ADR
 
712,100
51,826,638
 
  
  
292,058,949
Oil & Gas Exploration & Production - 15.7%
  
  
  
Africa Oil Corp.
 
8,245,700
15,790,218
Athabasca Oil Corp. (a)
  
5,097,000
18,735,808
Hess Corp.
 
147,800
22,775,980
Kosmos Energy Ltd. (a)
  
1,567,900
9,564,190
MEG Energy Corp. (a)
  
1,886,639
40,959,425
 
  
  
107,825,621
Oil & Gas Refining & Marketing - 9.7%
  
  
  
PBF Energy, Inc. Class A
 
140,600
6,513,998
Phillips 66 Co.
 
181,316
25,766,817
Valero Energy Corp.
 
217,300
34,146,522
 
  
  
66,427,337
TOTAL OIL, GAS & CONSUMABLE FUELS
  
  
476,051,303
 
TOTAL COMMON STOCKS
 (Cost $439,222,541)
  
  
  
680,258,846
 
  
  
  
Money Market Funds - 8.4%
 
  
Shares
Value ($)
 
Fidelity Cash Central Fund 5.39% (c)
  
2,613,249
2,613,772
Fidelity Securities Lending Cash Central Fund 5.39% (c)(d)
  
54,973,683
54,979,180
 
TOTAL MONEY MARKET FUNDS
 (Cost $57,592,952)
  
  
57,592,952
 
  
  
  
 
TOTAL INVESTMENT IN SECURITIES - 107.6%
 (Cost $496,815,493)
 
  
 
737,851,798
NET OTHER ASSETS (LIABILITIES) - (7.6)%  
(52,373,838)
NET ASSETS - 100.0%
685,477,960
 
  
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 5.39%
7,576,529
35,898,061
40,860,885
66,182
67
-
2,613,772
0.0%
Fidelity Securities Lending Cash Central Fund 5.39%
23,963,865
108,916,392
77,901,077
6,482
-
-
54,979,180
0.2%
Total
31,540,394
144,814,453
118,761,962
72,664
67
-
57,592,952
  
 
  
  
  
  
  
  
  
  
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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