0001752724-24-166897.txt : 20240726 0001752724-24-166897.hdr.sgml : 20240726 20240726161600 ACCESSION NUMBER: 0001752724-24-166897 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: 241147116 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 S000007459 Energy Portfolio C000020433 Energy Portfolio FSENX NPORT-P 1 primary_doc.xml NPORT-P false 0000320351 XXXXXXXX S000007459 C000020433 Fidelity Select Portfolios 811-03114 0000320351 Z57125JG1LHEQKDYS630 245 Summer Street Boston 02210 1-800-FIDELITY Select Energy Portfolio S000007459 LCWPDYLM5BN9NB57VU08 2025-02-28 2024-05-31 N 2364553657.94 13252581.57 2351301076.37 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 595824.45000000 N ENERGY TRANSFER LP MTLVN9N7JE8MIBIJ1H73 ENERGY TRANSFER LP 29273V100 3307800.00000000 NS USD 51833226.00000000 2.204448699526 Long EC CORP US N 1 N N N PHILLIPS 66 5493005JBO5YSIGK1814 PHILLIPS 66 718546104 177973.00000000 NS USD 25291743.03000000 1.075648851785 Long EC CORP US N 1 N N N GOLAR LNG LTD 213800C2VSFZG3EZLO34 GOLAR LNG LTD N/A 129133.00000000 NS USD 3394906.57000000 0.144384171134 Long EC CORP BM N 1 N N N ODFJELL DRILLING LTD 529900M08ZU24JXMPB85 ODFJELL DRILLING LTD N/A 1485118.00000000 NS 8178636.43000000 0.347834503721 Long EC CORP BM N 2 N N N OCCIDENTAL PETROLEUM CORP IM7X0T3ECJW4C1T7ON55 OCCIDENTAL PETROLEUM CORP WT 08/03/27 674599162 99550.00000000 NS USD 4000914.50000000 0.170157473247 Long EC CORP US N 1 N N N CONOCOPHILLIPS INC WPTL2Z3FIYTHSP5V2253 CONOCOPHILLIPS 20825C104 624166.00000000 NS USD 72702855.68000000 3.092026640511 Long EC CORP US N 1 N N N NATIONAL ENERGY SERVICES REUNITED CORP N/A NATIONAL ENERGY SERVICES REUNITED CORP N/A 3888920.00000000 NS USD 38500308.00000000 1.637404430547 Long EC CORP VG N 1 N N N CHORD ENERGY CORP 529900FA4V2YNIKZ0M71 CHORD ENERGY CORP 674215207 78652.00000000 NS USD 14582867.32000000 0.620204169791 Long EC CORP US N 1 N N N OCEANEERING INTERNATIONAL INC 549300L6PH74701W0R30 OCEANEERING INTERNATIONAL INC 675232102 602030.00000000 NS USD 14256070.40000000 0.606305612806 Long EC CORP US N 1 N N N NORTHERN OIL AND GAS INC OKFF0PIZDDMNH4UCYE51 NORTHERN OIL AND GAS INC 665531307 123860.00000000 NS USD 5069589.80000000 0.215607854347 Long EC CORP US N 1 N N N ANTERO RESOURCES CORPORATION APVBKPOULHUX7YZLKU17 ANTERO RES CORP 03674X106 1006100.00000000 NS USD 35847343.00000000 1.524574770974 Long EC CORP US N 1 N N N SCHLUMBERGER LTD 213800ZUA17OK3QLGM62 SCHLUMBERGER LTD 806857108 2543069.00000000 NS USD 116701436.41000000 4.963270658224 Long EC CORP CW N 1 N N N CENOVUS ENERGY INC 549300F4XPHJ7NOSP309 CENOVUS ENERGY INC 15135U109 6963706.00000000 NS 145154912.11000000 6.173386877961 Long EC CORP CA N 1 N N N HALLIBURTON CO ENYF8GB5SMQZ25S06U51 HALLIBURTON CO 406216101 1692700.00000000 NS USD 62122090.00000000 2.642030432610 Long EC CORP US N 1 N N N OCCIDENTAL PETROLEUM CORP IM7X0T3ECJW4C1T7ON55 OCCIDENTAL PETROLEUM CORP 674599105 1429915.00000000 NS USD 89369687.50000000 3.800861080622 Long EC CORP US N 1 N N N HESS CORP UASVRYNXNK17ULIGK870 HESS CORP 42809H107 519500.00000000 NS USD 80054950.00000000 3.404708601741 Long EC CORP US N 1 N N N VALARIS LTD N/A VALARIS LTD N/A 821100.00000000 NS USD 63553140.00000000 2.702892481047 Long EC CORP BM N 1 N N N TECHNIPFMC PLC 549300D5I93QWCJTCK36 TECHNIPFMC PLC N/A 2531572.00000000 NS USD 66301870.68000000 2.819795020991 Long EC CORP GB N 1 N N N CHART INDUSTRIES INC EM7QGKC1GYOF3LSZSL80 CHART INDUSTRIES INC 16115Q308 143200.00000000 NS USD 22486696.00000000 0.956351197470 Long EC CORP US N 1 N N PATTERSON-UTI ENERGY INC 254900XGFBKIXD6G0697 PATTERSON-UTI ENERGY INC 703481101 1134412.00000000 NS USD 12501220.24000000 0.531672458522 Long EC CORP US N 1 N N N VALERO ENERGY CORP 549300XTO5VR8SKV1V74 VALERO ENERGY CORP 91913Y100 562200.00000000 NS USD 88344108.00000000 3.757243548596 Long EC CORP US N 1 N N N MARATHON PETROLEUM CORP 3BNYRYQHD39K4LCKQF12 MARATHON PETROLEUM CORP 56585A102 625492.00000000 NS USD 110468142.12000000 4.698170865066 Long EC CORP US N 1 N N N DIAMONDBACK ENERGY INC 549300R22LSX6OHWEN64 DIAMONDBACK ENERGY INC 25278X109 372400.00000000 NS USD 74204424.00000000 3.155887808062 Long EC CORP US N 1 N N N SHELF DRILLING LTD 549300PTFC72J38UQF59 SHELF DRILLING LTD N/A 1347589.00000000 NS 3065511.73000000 0.130375125534 Long EC CORP KY N 2 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Cash Central Fund 31635A105 2148928.42300000 NS USD 2149358.21000000 0.091411441588 Long STIV RF US N 1 N N N EXXON MOBIL CORP J3WHBG0MTS7O8ZVMDC91 EXXON MOBIL CORP 30231G102 5069372.00000000 NS USD 594434560.72000000 25.28109082643 Long EC CORP US N 1 N N N IMPERIAL OIL LTD 549300MO45LTBPAU4Z27 IMPERIAL OIL LTD 453038408 401300.00000000 NS 28354077.55000000 1.205888851706 Long EC CORP CA N 1 N N N NOBLE CORP PLC 549300I3HBUNXO0OG954 NOBLE CORP PLC N/A 282800.00000000 NS USD 13138888.00000000 0.558792241965 Long EC CORP GB N 1 N N N CHEVRON CORP NEW N/A CHEVRON CORP 166764100 715517.00000000 NS USD 116128409.10000000 4.938900010171 Long EC CORP US N 1 N N N TIDEWATER INC 2549000JA5GRUPLMUH98 TIDEWATER INC 88642R109 33500.00000000 NS USD 3461555.00000000 0.147218705200 Long EC CORP US N 1 N N N EOG RESOURCES INC XWTZDRYZPBUHIQBKDB46 EOG RESOURCES INC 26875P101 92964.00000000 NS USD 11578666.20000000 0.492436562733 Long EC CORP US N 1 N N N DEVON ENERGY CORP NEW 54930042348RKR3ZPN35 DEVON ENERGY CORP 25179M103 106100.00000000 NS USD 5207388.00000000 0.221468362870 Long EC CORP US N 1 N N N CANADIAN NATURAL RESOURCES LTD 549300T15RIMIKZC5Q38 CANADIAN NATL RESOURCES LTD 136385101 1490580.00000000 NS 114504366.26000000 4.869830044767 Long EC CORP CA N 1 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Securities Lending Cash Central Fund 31635A303 11499057.77000000 NS USD 11500207.68000000 0.489099749733 Long STIV RF US N 1 N N VALLOUREC SA 969500P2Q1B47H4MCJ34 VALLOUREC SA N/A 192800.00000000 NS 3453129.30000000 0.146860363170 Long EC CORP FR N 2 N N N LIBERTY ENERGY INC N/A LIBERTY ENERGY INC CL A 53115L104 675300.00000000 NS USD 16673157.00000000 0.709103447770 Long EC CORP US N 1 N N N SM ENERGY CO 84BUTVXV5ODI6BXNMH43 SM ENERGY CO 78454L100 183300.00000000 NS USD 9243819.00000000 0.393136340254 Long EC CORP US N 1 N N N OVINTIV INC 2549003MEX7YMKLGI239 OVINTIV INC 69047Q102 1032600.00000000 NS USD 53354442.00000000 2.269145475932 Long EC CORP US N 1 N N N RANGE RESOURCES CORP H3Y3WLYCX0BTO1TRW162 RANGE RESOURCES CORP 75281A109 795800.00000000 NS USD 29372978.00000000 1.249222326106 Long EC CORP US N 1 N N N VISTRA CORP 549300KP43CPCUJOOG15 VISTRA CORP 92840M102 256400.00000000 NS USD 25404112.00000000 1.080427864185 Long EC CORP US N 1 N N N SUNCOR ENERGY INC 549300W70ZOQDVLCHY06 SUNCOR ENERGY INC 867224107 762100.00000000 NS 31089005.47000000 1.322204365167 Long EC CORP CA N 1 N N N CHENIERE ENERGY INC MIHC87W9WTYSYZWV1J40 CHENIERE ENERGY INC 16411R208 494312.00000000 NS USD 77997490.48000000 3.317205578811 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_60_20240531.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Select Portfolios®
Energy Portfolio
May 31, 2024
ENE-NPRT1-0724
1.802168.120
Common Stocks - 99.1%
 
  
Shares
Value ($)
 
Energy Equipment & Services - 16.3%
 
  
  
Oil & Gas Drilling - 4.3%
  
  
  
Noble Corp. PLC
 
282,800
13,138,888
Odfjell Drilling Ltd.
 
1,485,118
8,178,636
Patterson-UTI Energy, Inc.
 
1,134,412
12,501,220
Shelf Drilling Ltd. (a)(b)(c)
  
1,347,589
3,065,512
Valaris Ltd. (a)
  
821,100
63,553,140
 
  
  
100,437,396
Oil & Gas Equipment & Services - 12.0%
  
  
  
Halliburton Co.
 
1,692,700
62,122,090
Liberty Energy, Inc. Class A
 
675,300
16,673,157
Oceaneering International, Inc. (a)
  
602,030
14,256,070
Schlumberger Ltd.
 
2,543,069
116,701,436
TechnipFMC PLC
 
2,531,572
66,301,871
Tidewater, Inc. (a)
  
33,500
3,461,555
Vallourec SA (a)
  
192,800
3,453,129
 
  
  
282,969,308
TOTAL ENERGY EQUIPMENT & SERVICES
  
  
383,406,704
Independent Power and Renewable Electricity Producers - 1.1%
 
  
  
Independent Power Producers & Energy Traders - 1.1%
  
  
  
Vistra Corp.
 
256,400
25,404,112
Machinery - 0.9%
 
  
  
Industrial Machinery & Supplies & Components - 0.9%
  
  
  
Chart Industries, Inc. (a)(b)
  
143,200
22,486,696
Oil, Gas & Consumable Fuels - 80.8%
 
  
  
Integrated Oil & Gas - 42.5%
  
  
  
Cenovus Energy, Inc. (Canada)
 
6,963,706
145,154,912
Chevron Corp.
 
715,517
116,128,409
Exxon Mobil Corp.
 
4,978,472
583,775,627
Imperial Oil Ltd.
 
401,300
28,354,078
Occidental Petroleum Corp.
 
1,429,915
89,369,688
Occidental Petroleum Corp. warrants 8/3/27 (a)
  
99,550
4,000,915
Suncor Energy, Inc.
 
762,100
31,089,005
 
  
  
997,872,634
Oil & Gas Exploration & Production - 23.1%
  
  
  
Antero Resources Corp. (a)
  
1,006,100
35,847,343
Canadian Natural Resources Ltd.
 
1,490,580
114,504,366
Chord Energy Corp.
 
78,652
14,582,867
ConocoPhillips Co.
 
624,166
72,702,856
Devon Energy Corp.
 
106,100
5,207,388
Diamondback Energy, Inc.
 
372,400
74,204,424
EOG Resources, Inc.
 
92,964
11,578,666
Hess Corp.
 
519,500
80,054,950
National Energy Services Reunited Corp. (a)
  
3,888,920
38,500,308
Northern Oil & Gas, Inc.
 
123,860
5,069,590
Ovintiv, Inc.
 
1,032,600
53,354,442
Range Resources Corp.
 
795,800
29,372,978
SM Energy Co.
 
183,300
9,243,819
 
  
  
544,223,997
Oil & Gas Refining & Marketing - 9.5%
  
  
  
Marathon Petroleum Corp.
 
625,492
110,468,142
Phillips 66 Co.
 
177,973
25,291,743
Valero Energy Corp.
 
562,200
88,344,108
 
  
  
224,103,993
Oil & Gas Storage & Transportation - 5.7%
  
  
  
Cheniere Energy, Inc.
 
494,312
77,997,490
Energy Transfer LP
 
3,307,800
51,833,226
Golar LNG Ltd.
 
129,133
3,394,907
 
  
  
133,225,623
TOTAL OIL, GAS & CONSUMABLE FUELS
  
  
1,899,426,247
 
TOTAL COMMON STOCKS
 (Cost $1,225,639,363)
  
  
  
2,330,723,759
 
  
  
  
Money Market Funds - 0.6%
 
  
Shares
Value ($)
 
Fidelity Cash Central Fund 5.39% (d)
  
2,148,928
2,149,358
Fidelity Securities Lending Cash Central Fund 5.39% (d)(e)
  
11,574,150
11,575,308
 
TOTAL MONEY MARKET FUNDS
 (Cost $13,724,666)
  
  
13,724,666
 
  
  
  
 
TOTAL INVESTMENT IN SECURITIES - 99.7%
 (Cost $1,239,364,029)
 
  
 
2,344,448,425
NET OTHER ASSETS (LIABILITIES) - 0.3%  
6,042,345
NET ASSETS - 100.0%
2,350,490,770
 
  
Legend
 
(a)
Non-income producing
 
(b)
Security or a portion of the security is on loan at period end.
 
(c)
Security exempt from registration under Rule 144A of the Securities Act of 1933.  These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $3,065,512 or 0.1% of net assets.
 
(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 5.39%
392,136
59,012,648
57,254,804
84,850
(622)
-
2,149,358
0.0%
Fidelity Securities Lending Cash Central Fund 5.39%
29,770,054
249,621,880
267,816,626
18,407
-
-
11,575,308
0.0%
Total
30,162,190
308,634,528
325,071,430
103,257
(622)
-
13,724,666
  
 
  
  
  
  
  
  
  
  
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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