N-Q 1 filing906.htm PRIMARY DOCUMENT

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY


Investment Company Act file number   811-215


Fidelity Hastings Street Trust

 (Exact name of registrant as specified in charter)


245 Summer St., Boston, Massachusetts  02210

 (Address of principal executive offices)       (Zip code)


William C. Coffey, Secretary

245 Summer St.

Boston, Massachusetts  02210

(Name and address of agent for service)



Registrant's telephone number, including area code:

617-563-7000



Date of fiscal year end:

June 30



Date of reporting period:

September 30, 2018


Item 1.

Schedule of Investments






Quarterly Holdings Report
for

Fidelity® Fund

September 30, 2018







FID-QTLY-1118
1.808776.114





Schedule of Investments September 30, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.8%   
 Shares Value (000s) 
CONSUMER DISCRETIONARY - 11.8%   
Auto Components - 0.6%   
Aptiv PLC 267,415 $22,436 
Lear Corp. 33,600 4,872 
  27,308 
Diversified Consumer Services - 0.3%   
Weight Watchers International, Inc. (a) 191,028 13,752 
Hotels, Restaurants & Leisure - 1.7%   
Domino's Pizza, Inc. 54,000 15,919 
Vail Resorts, Inc. 17,000 4,665 
Wyndham Destinations, Inc. 580,000 25,149 
Wyndham Hotels & Resorts, Inc. 612,000 34,009 
  79,742 
Internet & Direct Marketing Retail - 5.1%   
Amazon.com, Inc. (a) 98,100 196,494 
The Booking Holdings, Inc. (a) 25,200 49,997 
  246,491 
Media - 0.5%   
Comcast Corp. Class A 710,000 25,141 
Specialty Retail - 3.6%   
Home Depot, Inc. 389,000 80,581 
Lowe's Companies, Inc. 510,000 58,558 
TJX Companies, Inc. 311,917 34,941 
  174,080 
TOTAL CONSUMER DISCRETIONARY  566,514 
CONSUMER STAPLES - 4.4%   
Beverages - 0.5%   
Brown-Forman Corp. Class B (non-vtg.) 110,000 5,561 
PepsiCo, Inc. 180,000 20,124 
  25,685 
Food & Staples Retailing - 2.4%   
Costco Wholesale Corp. 238,000 55,901 
Walmart, Inc. 614,321 57,691 
  113,592 
Personal Products - 0.7%   
Estee Lauder Companies, Inc. Class A 240,000 34,877 
Tobacco - 0.8%   
Philip Morris International, Inc. 440,150 35,890 
TOTAL CONSUMER STAPLES  210,044 
ENERGY - 3.2%   
Oil, Gas & Consumable Fuels - 3.2%   
ConocoPhillips Co. 700,000 54,180 
Marathon Petroleum Corp. 224,700 17,969 
Phillips 66 Co. 233,000 26,264 
Valero Energy Corp. 466,071 53,016 
  151,429 
FINANCIALS - 16.7%   
Banks - 9.8%   
Bank of America Corp. 5,265,000 155,107 
Citigroup, Inc. 667,066 47,855 
JPMorgan Chase & Co. 1,776,000 200,404 
SunTrust Banks, Inc. 991,000 66,189 
  469,555 
Capital Markets - 3.2%   
Ameriprise Financial, Inc. 191,000 28,203 
Charles Schwab Corp. 124,648 6,126 
E*TRADE Financial Corp. (a) 456,000 23,890 
MSCI, Inc. 217,600 38,604 
S&P Global, Inc. 291,200 56,898 
  153,721 
Insurance - 3.7%   
AFLAC, Inc. 1,430,931 67,354 
Allstate Corp. 640,000 63,168 
Marsh & McLennan Companies, Inc. 90,000 7,445 
Progressive Corp. 500,000 35,520 
  173,487 
TOTAL FINANCIALS  796,763 
HEALTH CARE - 17.7%   
Biotechnology - 4.0%   
AbbVie, Inc. 559,000 52,870 
Amgen, Inc. 256,200 53,108 
Celgene Corp. (a) 408,400 36,548 
Gilead Sciences, Inc. 620,000 47,870 
  190,396 
Health Care Equipment & Supplies - 5.6%   
Abbott Laboratories 630,000 46,217 
Baxter International, Inc. 442,000 34,074 
Becton, Dickinson & Co. 231,000 60,291 
Boston Scientific Corp. (a) 670,000 25,795 
Danaher Corp. 468,000 50,853 
Intuitive Surgical, Inc. (a) 57,000 32,718 
ResMed, Inc. 174,000 20,069 
  270,017 
Health Care Providers & Services - 6.5%   
AmerisourceBergen Corp. 53,025 4,890 
Cigna Corp. 335,000 69,764 
Elanco Animal Health, Inc. 22,400 782 
Humana, Inc. 189,300 64,082 
UnitedHealth Group, Inc. 543,969 144,718 
Wellcare Health Plans, Inc. (a) 87,700 28,107 
  312,343 
Life Sciences Tools & Services - 0.5%   
Agilent Technologies, Inc. 83,000 5,855 
Illumina, Inc. (a) 22,000 8,075 
Waters Corp. (a) 40,000 7,787 
  21,717 
Pharmaceuticals - 1.1%   
Johnson & Johnson 310,000 42,833 
Zoetis, Inc. Class A 124,520 11,401 
  54,234 
TOTAL HEALTH CARE  848,707 
INDUSTRIALS - 7.7%   
Aerospace & Defense - 4.2%   
Huntington Ingalls Industries, Inc. 186,300 47,708 
Northrop Grumman Corp. 129,000 40,941 
Raytheon Co. 390,000 80,597 
The Boeing Co. 81,041 30,139 
  199,385 
Building Products - 0.2%   
Masco Corp. 278,350 10,188 
Commercial Services & Supplies - 0.7%   
Copart, Inc. (a) 98,800 5,091 
KAR Auction Services, Inc. 468,457 27,962 
  33,053 
Electrical Equipment - 0.8%   
AMETEK, Inc. 60,000 4,747 
Fortive Corp. (b) 415,000 34,943 
  39,690 
Industrial Conglomerates - 0.9%   
3M Co. 190,000 40,035 
Machinery - 0.1%   
Cummins, Inc. 38,000 5,551 
Road & Rail - 0.8%   
Norfolk Southern Corp. 218,000 39,349 
TOTAL INDUSTRIALS  367,251 
INFORMATION TECHNOLOGY - 34.0%   
Electronic Equipment & Components - 1.3%   
Amphenol Corp. Class A 648,002 60,925 
Internet Software & Services - 7.1%   
Alphabet, Inc.:   
Class A (a) 171,000 206,411 
Class C (a) 25,000 29,837 
Facebook, Inc. Class A (a) 634,900 104,416 
  340,664 
IT Services - 3.7%   
Adyen BV (c) 2,400 1,959 
MasterCard, Inc. Class A 327,000 72,793 
PayPal Holdings, Inc. (a) 60,000 5,270 
Visa, Inc. Class A 630,000 94,557 
  174,579 
Semiconductors & Semiconductor Equipment - 3.6%   
Applied Materials, Inc. 463,617 17,919 
Intel Corp. 1,325,100 62,664 
Lam Research Corp. 165,000 25,031 
ON Semiconductor Corp. (a) 782,523 14,422 
Texas Instruments, Inc. 494,300 53,033 
  173,069 
Software - 12.7%   
Activision Blizzard, Inc. 264,148 21,974 
Adobe Systems, Inc. (a) 260,000 70,187 
Black Knight, Inc. (a) 132,100 6,863 
Check Point Software Technologies Ltd. (a) 141,000 16,591 
Citrix Systems, Inc. (a) 501,200 55,713 
Electronic Arts, Inc. (a) 343,400 41,376 
Microsoft Corp. 2,467,939 282,256 
Parametric Technology Corp. (a) 196,000 20,813 
Red Hat, Inc. (a) 113,000 15,400 
Salesforce.com, Inc. (a) 275,256 43,774 
Take-Two Interactive Software, Inc. (a) 243,000 33,532 
  608,479 
Technology Hardware, Storage & Peripherals - 5.6%   
Apple, Inc. 1,187,000 267,953 
TOTAL INFORMATION TECHNOLOGY  1,625,669 
MATERIALS - 1.0%   
Chemicals - 1.0%   
LyondellBasell Industries NV Class A 54,000 5,536 
Sherwin-Williams Co. 53,400 24,308 
The Chemours Co. LLC 501,000 19,759 
  49,603 
REAL ESTATE - 0.6%   
Equity Real Estate Investment Trusts (REITs) - 0.6%   
American Tower Corp. 202,000 29,351 
TELECOMMUNICATION SERVICES - 0.4%   
Wireless Telecommunication Services - 0.4%   
T-Mobile U.S., Inc. (a) 240,000 16,843 
UTILITIES - 1.3%   
Electric Utilities - 1.0%   
NextEra Energy, Inc. 292,000 48,939 
Independent Power and Renewable Electricity Producers - 0.3%   
NRG Energy, Inc. 362,000 13,539 
TOTAL UTILITIES  62,478 
TOTAL COMMON STOCKS   
(Cost $2,952,832)  4,724,652 
Money Market Funds - 2.0%   
Fidelity Cash Central Fund, 2.11% (d) 70,263,649 70,278 
Fidelity Securities Lending Cash Central Fund 2.11% (d)(e) 25,999,300 26,002 
TOTAL MONEY MARKET FUNDS   
(Cost $96,280)  96,280 
TOTAL INVESTMENT IN SECURITIES - 100.8%   
(Cost $3,049,112)  4,820,932 
NET OTHER ASSETS (LIABILITIES) - (0.8)%  (38,943) 
NET ASSETS - 100%  $4,781,989 

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 $1,959,000 or 0.0% 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

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
 (Amounts in thousands) 
Fidelity Cash Central Fund $357 
Fidelity Securities Lending Cash Central Fund 
Total $358 

Amounts in the income column in the above table include any capital gain distributions from underlying funds.

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. Additional information on valuation inputs is provided later in this section.

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors 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 procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - 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). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's 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 vendor 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 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. Utilizing these techniques may result in transfers between Level 1 and Level 2. 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 open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the 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.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.


Quarterly Holdings Report
for

Fidelity® Growth Discovery Fund

September 30, 2018







CII-QTLY-1118
1.808775.114





Schedule of Investments September 30, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.9%   
 Shares Value (000s) 
CONSUMER DISCRETIONARY - 14.0%   
Diversified Consumer Services - 0.6%   
Grand Canyon Education, Inc. (a) 110,300 $12,442 
Hotels, Restaurants & Leisure - 0.8%   
Domino's Pizza, Inc. 6,700 1,975 
Hilton Worldwide Holdings, Inc. 113,612 9,178 
Wingstop, Inc. 82,300 5,619 
  16,772 
Household Durables - 0.4%   
Panasonic Corp. 666,400 7,724 
Internet & Direct Marketing Retail - 6.6%   
Amazon.com, Inc. (a) 66,500 133,200 
Media - 1.0%   
Charter Communications, Inc. Class A (a) 58,600 19,097 
China Literature Ltd. (a)(b) 286 
  19,099 
Specialty Retail - 3.8%   
Home Depot, Inc. 306,024 63,393 
Ross Stores, Inc. 20,800 2,061 
Ulta Beauty, Inc. (a) 40,300 11,369 
  76,823 
Textiles, Apparel & Luxury Goods - 0.8%   
LVMH Moet Hennessy - Louis Vuitton SA 37,780 13,350 
Michael Kors Holdings Ltd. (a) 34,900 2,393 
Pinduoduo, Inc. ADR (c) 15,000 394 
Puma AG 208 103 
  16,240 
TOTAL CONSUMER DISCRETIONARY  282,300 
CONSUMER STAPLES - 3.8%   
Beverages - 1.4%   
Constellation Brands, Inc. Class A (sub. vtg.) 39,100 8,431 
Fever-Tree Drinks PLC 99,067 4,659 
Kweichow Moutai Co. Ltd. (A Shares) 48,729 5,179 
Monster Beverage Corp. (a) 80,700 4,703 
Pernod Ricard SA ADR 133,100 4,356 
  27,328 
Food & Staples Retailing - 0.1%   
BJ's Wholesale Club Holdings, Inc. 84,200 2,255 
Food Products - 0.4%   
McCormick & Co., Inc. (non-vtg.) 38,000 5,007 
The Simply Good Foods Co. (a) 146,800 2,855 
  7,862 
Household Products - 0.5%   
Energizer Holdings, Inc. 167,600 9,830 
Personal Products - 1.4%   
Coty, Inc. Class A 321,300 4,036 
Estee Lauder Companies, Inc. Class A 81,900 11,902 
Unilever NV (NY Reg.) 231,400 12,854 
  28,792 
TOTAL CONSUMER STAPLES  76,067 
ENERGY - 2.5%   
Oil, Gas & Consumable Fuels - 2.5%   
Cheniere Energy, Inc. (a) 549,600 38,192 
Reliance Industries Ltd. 697,453 12,100 
  50,292 
FINANCIALS - 8.3%   
Banks - 2.7%   
First Republic Bank 147,000 14,112 
HDFC Bank Ltd. 36,455 1,007 
HDFC Bank Ltd. sponsored ADR 42,900 4,037 
JPMorgan Chase & Co. 180,100 20,322 
M&T Bank Corp. 83,800 13,788 
Metro Bank PLC (a) 25,300 981 
  54,247 
Capital Markets - 5.6%   
Charles Schwab Corp. 1,023,500 50,305 
CME Group, Inc. 220,445 37,522 
JMP Group, Inc. 75,200 399 
MSCI, Inc. 78,800 13,980 
The Blackstone Group LP 276,600 10,533 
  112,739 
Diversified Financial Services - 0.0%   
Prosegur Cash SA (b) 373,447 819 
TOTAL FINANCIALS  167,805 
HEALTH CARE - 11.9%   
Biotechnology - 2.8%   
AC Immune SA (a) 140,900 1,127 
Acceleron Pharma, Inc. (a) 39,500 2,261 
Affimed NV (a) 200,400 872 
Biogen, Inc. (a) 62,000 21,905 
Calyxt, Inc. (a) 100,888 1,541 
Cytokinetics, Inc. (a) 147,971 1,458 
Insmed, Inc. (a) 343,378 6,943 
Prothena Corp. PLC (a) 96,400 1,261 
Rubius Therapeutics, Inc. 18,700 449 
Vertex Pharmaceuticals, Inc. (a) 94,693 18,251 
  56,068 
Health Care Equipment & Supplies - 5.4%   
Becton, Dickinson & Co. 133,000 34,713 
Boston Scientific Corp. (a) 459,700 17,698 
Danaher Corp. 120,755 13,121 
Intuitive Surgical, Inc. (a) 63,800 36,621 
ResMed, Inc. 54,000 6,228 
  108,381 
Health Care Providers & Services - 0.9%   
Elanco Animal Health, Inc. 9,400 328 
National Vision Holdings, Inc. 5,600 253 
Neuronetics, Inc. 4,200 135 
UnitedHealth Group, Inc. 64,600 17,186 
  17,902 
Health Care Technology - 0.3%   
Veeva Systems, Inc. Class A (a) 56,600 6,162 
Life Sciences Tools & Services - 0.5%   
Codexis, Inc. (a) 81,800 1,403 
Mettler-Toledo International, Inc. (a) 8,600 5,237 
Sartorius Stedim Biotech 27,000 3,715 
  10,355 
Pharmaceuticals - 2.0%   
AstraZeneca PLC sponsored ADR 698,100 27,624 
Mallinckrodt PLC (a) 173,600 5,088 
Mylan NV (a) 232,000 8,491 
  41,203 
TOTAL HEALTH CARE  240,071 
INDUSTRIALS - 6.5%   
Aerospace & Defense - 0.4%   
TransDigm Group, Inc. 19,727 7,344 
Commercial Services & Supplies - 0.6%   
Copart, Inc. (a) 237,500 12,238 
Electrical Equipment - 2.1%   
AMETEK, Inc. 198,400 15,697 
Fortive Corp. (c) 232,127 19,545 
Nidec Corp. 43,000 6,186 
  41,428 
Industrial Conglomerates - 0.4%   
Roper Technologies, Inc. 28,914 8,565 
Machinery - 1.9%   
Allison Transmission Holdings, Inc. 466,400 24,257 
Gardner Denver Holdings, Inc. (a) 481,300 13,640 
Rational AG 2,000 1,449 
  39,346 
Professional Services - 1.1%   
IHS Markit Ltd. (a) 170,000 9,173 
TransUnion Holding Co., Inc. 178,100 13,105 
  22,278 
TOTAL INDUSTRIALS  131,199 
INFORMATION TECHNOLOGY - 45.0%   
Electronic Equipment & Components - 0.7%   
Amphenol Corp. Class A 20,700 1,946 
Cognex Corp. 111,300 6,213 
Zebra Technologies Corp. Class A (a) 31,500 5,570 
  13,729 
Internet Software & Services - 12.6%   
Alibaba Group Holding Ltd. sponsored ADR (a) 64,500 10,627 
Alphabet, Inc. Class A (a) 114,152 137,787 
DocuSign, Inc. (c) 5,200 273 
Dropbox, Inc. Class A (a) 8,800 236 
Facebook, Inc. Class A (a) 149,591 24,602 
GoDaddy, Inc. (a) 186,000 15,511 
MercadoLibre, Inc. 21,200 7,218 
NetEase, Inc. ADR 15,000 3,424 
Shopify, Inc. Class A (a) 44,500 7,314 
Stamps.com, Inc. (a) 79,171 17,908 
Tencent Holdings Ltd. 337,800 13,793 
VeriSign, Inc. (a) 96,100 15,388 
Wix.com Ltd. (a) 900 108 
  254,189 
IT Services - 7.6%   
Adyen BV (b) 4,037 3,295 
Fidelity National Information Services, Inc. 127,700 13,928 
Global Payments, Inc. 108,100 13,772 
MasterCard, Inc. Class A 69,500 15,471 
PayPal Holdings, Inc. (a) 343,700 30,191 
Square, Inc. (a) 130,300 12,901 
Visa, Inc. Class A 429,596 64,478 
  154,036 
Semiconductors & Semiconductor Equipment - 3.2%   
ASML Holding NV 48,200 9,063 
Broadcom, Inc. 23,200 5,724 
Cree, Inc. (a) 66,200 2,507 
Maxim Integrated Products, Inc. 153,705 8,667 
Monolithic Power Systems, Inc. 36,818 4,622 
NVIDIA Corp. 103,300 29,029 
Semtech Corp. (a) 79,000 4,392 
  64,004 
Software - 16.3%   
Activision Blizzard, Inc. 173,887 14,466 
Adobe Systems, Inc. (a) 210,900 56,932 
Autodesk, Inc. (a) 83,600 13,051 
Avalara, Inc. (c) 2,575 90 
Black Knight, Inc. (a) 189,700 9,855 
Electronic Arts, Inc. (a) 108,434 13,065 
Intuit, Inc. 115,400 26,242 
Microsoft Corp. 1,184,800 135,506 
Pluralsight, Inc. 38,900 1,245 
Red Hat, Inc. (a) 86,500 11,788 
Salesforce.com, Inc. (a) 228,464 36,333 
Splunk, Inc. (a) 55,500 6,711 
Zscaler, Inc. (a) 80,172 3,269 
  328,553 
Technology Hardware, Storage & Peripherals - 4.6%   
Apple, Inc. 417,100 94,156 
TOTAL INFORMATION TECHNOLOGY  908,667 
MATERIALS - 3.3%   
Chemicals - 3.2%   
CF Industries Holdings, Inc. 199,800 10,877 
DowDuPont, Inc. 367,700 23,647 
Sherwin-Williams Co. 25,100 11,426 
The Chemours Co. LLC 205,000 8,085 
Umicore SA 207,391 11,599 
  65,634 
Containers & Packaging - 0.1%   
Aptargroup, Inc. 18,300 1,972 
TOTAL MATERIALS  67,606 
REAL ESTATE - 1.6%   
Equity Real Estate Investment Trusts (REITs) - 1.6%   
American Tower Corp. 227,200 33,012 
TOTAL COMMON STOCKS   
(Cost $1,287,037)  1,957,019 
Preferred Stocks - 0.6%   
Convertible Preferred Stocks - 0.5%   
CONSUMER DISCRETIONARY - 0.0%   
Household Durables - 0.0%   
Blu Homes, Inc. Series A, 5.00% (a)(d)(e) 239,736 
HEALTH CARE - 0.1%   
Biotechnology - 0.1%   
BioNTech AG Series A (d)(e) 7,174 2,114 
INFORMATION TECHNOLOGY - 0.4%   
Internet Software & Services - 0.4%   
Uber Technologies, Inc. Series D, 8.00% (a)(d)(e) 162,572 7,929 
IT Services - 0.0%   
AppNexus, Inc. Series E (Escrow) (a)(d)(e) 48,212 47 
TOTAL INFORMATION TECHNOLOGY  7,976 
TOTAL CONVERTIBLE PREFERRED STOCKS  10,095 
Nonconvertible Preferred Stocks - 0.1%   
FINANCIALS - 0.1%   
Banks - 0.1%   
Itau Unibanco Holding SA sponsored ADR 269,900 2,964 
TOTAL PREFERRED STOCKS   
(Cost $8,977)  13,059 
Money Market Funds - 2.7%   
Fidelity Cash Central Fund, 2.11% (f) 32,933,884 32,940 
Fidelity Securities Lending Cash Central Fund 2.11% (f)(g) 20,850,072 20,852 
TOTAL MONEY MARKET FUNDS   
(Cost $53,792)  53,792 
TOTAL INVESTMENT IN SECURITIES - 100.2%   
(Cost $1,349,806)  2,023,870 
NET OTHER ASSETS (LIABILITIES) - (0.2)%  (3,862) 
NET ASSETS - 100%  $2,020,008 

Legend

 (a) Non-income producing

 (b) 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 $4,116,000 or 0.2% of net assets.

 (c) Security or a portion of the security is on loan at period end.

 (d) Restricted securities - 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 $10,095,000 or 0.5% of net assets.

 (e) Level 3 security

 (f) 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.

 (g) Investment made with cash collateral received from securities on loan.

Additional information on each restricted holding is as follows:

Security Acquisition Date Acquisition Cost (000s) 
AppNexus, Inc. Series E (Escrow) 8/1/14 $87 
BioNTech AG Series A 12/29/17 $1,571 
Blu Homes, Inc. Series A, 5.00% 6/21/13 $1,108 
Uber Technologies, Inc. Series D, 8.00% 6/6/14 $2,522 

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
 (Amounts in thousands) 
Fidelity Cash Central Fund $137 
Fidelity Securities Lending Cash Central Fund 
Total $142 

Amounts in the income column in the above table include any capital gain distributions from underlying funds.

Investment Valuation

The following is a summary of the inputs used, as of September 30, 2018, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
(Amounts in thousands)     
Investments in Securities:     
Equities:     
Consumer Discretionary $282,305 $261,226 $21,074 $5 
Consumer Staples 76,067 76,067 -- -- 
Energy 50,292 50,292 -- -- 
Financials 170,769 169,762 1,007 -- 
Health Care 242,185 240,071 -- 2,114 
Industrials 131,199 131,199 -- -- 
Information Technology 916,643 894,874 13,793 7,976 
Materials 67,606 67,606 -- -- 
Real Estate 33,012 33,012 -- -- 
Money Market Funds 53,792 53,792 -- -- 
Total Investments in Securities: $2,023,870 $1,977,901 $35,874 $10,095 

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors 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 procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - 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). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's 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 vendor 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 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. Utilizing these techniques may result in transfers between Level 1 and Level 2. 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 open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the 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.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.


Quarterly Holdings Report
for

Fidelity® Mega Cap Stock Fund

September 30, 2018







GII-QTLY-1118
1.808770.114





Schedule of Investments September 30, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.3%   
 Shares Value 
CONSUMER DISCRETIONARY - 7.6%   
Automobiles - 0.1%   
General Motors Co. 50,400 $1,696,968 
Hotels, Restaurants & Leisure - 0.0%   
Starbucks Corp. 8,200 466,088 
Media - 5.1%   
Charter Communications, Inc. Class A (a) 21,300 6,941,244 
Comcast Corp. Class A 1,831,800 64,864,038 
The Walt Disney Co. 238,700 27,913,578 
Vivendi SA 228,700 5,881,492 
  105,600,352 
Multiline Retail - 0.2%   
Target Corp. 56,300 4,966,223 
Specialty Retail - 2.2%   
Lowe's Companies, Inc. 292,000 33,527,440 
TJX Companies, Inc. (b) 96,500 10,809,930 
  44,337,370 
TOTAL CONSUMER DISCRETIONARY  157,067,001 
CONSUMER STAPLES - 8.9%   
Beverages - 2.1%   
PepsiCo, Inc. 72,705 8,128,419 
The Coca-Cola Co. 747,600 34,531,644 
  42,660,063 
Food & Staples Retailing - 1.7%   
Walmart, Inc. 368,700 34,624,617 
Food Products - 0.0%   
The Hershey Co. 2,100 214,200 
Household Products - 1.8%   
Kimberly-Clark Corp. 21,700 2,465,988 
Procter & Gamble Co. 431,000 35,872,130 
  38,338,118 
Tobacco - 3.3%   
Altria Group, Inc. 819,205 49,406,254 
British American Tobacco PLC sponsored ADR 411,700 19,197,571 
  68,603,825 
TOTAL CONSUMER STAPLES  184,440,823 
ENERGY - 12.8%   
Energy Equipment & Services - 0.7%   
Baker Hughes, a GE Co. Class A 252,800 8,552,224 
Schlumberger Ltd. 93,100 5,671,652 
TechnipFMC PLC 39,700 1,240,625 
  15,464,501 
Oil, Gas & Consumable Fuels - 12.1%   
BP PLC sponsored ADR 639,249 29,469,379 
Cenovus Energy, Inc. (Canada) 1,842,600 18,502,320 
Chevron Corp. 555,000 67,865,400 
Equinor ASA sponsored ADR (c) 618,000 17,427,600 
Exxon Mobil Corp. 930,500 79,111,110 
Imperial Oil Ltd. 251,100 8,126,025 
Suncor Energy, Inc. 651,100 25,194,115 
The Williams Companies, Inc. 137,660 3,742,975 
  249,438,924 
TOTAL ENERGY  264,903,425 
FINANCIALS - 19.4%   
Banks - 15.4%   
Bank of America Corp. 2,780,300 81,907,638 
Citigroup, Inc. 809,570 58,078,552 
JPMorgan Chase & Co. 638,800 72,082,192 
PNC Financial Services Group, Inc. 159,300 21,695,067 
U.S. Bancorp 545,300 28,797,293 
Wells Fargo & Co. 1,046,130 54,984,593 
  317,545,335 
Capital Markets - 3.0%   
Charles Schwab Corp. 210,700 10,355,905 
Goldman Sachs Group, Inc. 12,200 2,735,728 
Morgan Stanley 359,100 16,723,287 
State Street Corp. 388,000 32,506,640 
  62,321,560 
Insurance - 1.0%   
Chubb Ltd. 22,400 2,993,536 
Marsh & McLennan Companies, Inc. 86,980 7,194,986 
MetLife, Inc. 172,900 8,077,888 
The Travelers Companies, Inc. 8,000 1,037,680 
  19,304,090 
TOTAL FINANCIALS  399,170,985 
HEALTH CARE - 15.6%   
Biotechnology - 1.9%   
Alexion Pharmaceuticals, Inc. (a) 125,300 17,417,953 
Amgen, Inc. 56,043 11,617,153 
Biogen, Inc. (a) 12,300 4,345,713 
Intercept Pharmaceuticals, Inc. (a) 47,200 5,964,192 
  39,345,011 
Health Care Equipment & Supplies - 1.1%   
Becton, Dickinson & Co. 8,300 2,166,300 
Boston Scientific Corp. (a) 262,100 10,090,850 
Danaher Corp. 37,500 4,074,750 
Medtronic PLC 70,613 6,946,201 
  23,278,101 
Health Care Providers & Services - 5.6%   
Anthem, Inc. 58,800 16,114,140 
Cardinal Health, Inc. 122,600 6,620,400 
Cigna Corp. 60,600 12,619,950 
CVS Health Corp. 486,400 38,289,408 
Humana, Inc. 21,400 7,244,328 
McKesson Corp. 144,700 19,194,455 
UnitedHealth Group, Inc. 53,900 14,339,556 
  114,422,237 
Pharmaceuticals - 7.0%   
Allergan PLC 28,600 5,447,728 
AstraZeneca PLC sponsored ADR 194,800 7,708,236 
Bayer AG 155,426 13,786,390 
Eli Lilly & Co. 65,500 7,028,805 
GlaxoSmithKline PLC sponsored ADR 800,400 32,152,068 
Johnson & Johnson 405,700 56,055,569 
Novartis AG sponsored ADR 41,600 3,584,256 
Sanofi SA 116,309 10,391,887 
Teva Pharmaceutical Industries Ltd. sponsored ADR 370,000 7,969,800 
  144,124,739 
TOTAL HEALTH CARE  321,170,088 
INDUSTRIALS - 8.4%   
Aerospace & Defense - 2.3%   
General Dynamics Corp. 23,200 4,749,504 
United Technologies Corp. 304,600 42,586,126 
  47,335,630 
Air Freight & Logistics - 1.9%   
FedEx Corp. 26,400 6,356,856 
United Parcel Service, Inc. Class B 274,200 32,012,850 
  38,369,706 
Industrial Conglomerates - 1.7%   
General Electric Co. 3,187,800 35,990,262 
Road & Rail - 2.5%   
Norfolk Southern Corp. 89,200 16,100,600 
Union Pacific Corp. 212,690 34,632,313 
  50,732,913 
TOTAL INDUSTRIALS  172,428,511 
INFORMATION TECHNOLOGY - 21.0%   
Communications Equipment - 1.5%   
Cisco Systems, Inc. 628,600 30,581,390 
Internet Software & Services - 1.8%   
Alphabet, Inc.:   
Class A (a) 15,450 18,649,386 
Class C (a) 15,026 17,933,080 
  36,582,466 
IT Services - 3.1%   
IBM Corp. 19,700 2,978,837 
MasterCard, Inc. Class A 59,200 13,178,512 
Visa, Inc. Class A 312,100 46,843,089 
  63,000,438 
Semiconductors & Semiconductor Equipment - 2.2%   
Applied Materials, Inc. 111,400 4,305,610 
Qualcomm, Inc. 565,400 40,725,762 
  45,031,372 
Software - 8.3%   
Adobe Systems, Inc. (a) 42,600 11,499,870 
Microsoft Corp. 1,025,200 117,252,122 
Oracle Corp. 605,732 31,231,542 
SAP SE sponsored ADR 92,500 11,377,500 
  171,361,034 
Technology Hardware, Storage & Peripherals - 4.1%   
Apple, Inc. 379,007 85,557,040 
TOTAL INFORMATION TECHNOLOGY  432,113,740 
MATERIALS - 1.3%   
Chemicals - 0.9%   
DowDuPont, Inc. 153,967 9,901,618 
LyondellBasell Industries NV Class A 90,000 9,225,900 
  19,127,518 
Metals & Mining - 0.4%   
BHP Billiton Ltd. sponsored ADR (c) 168,300 8,388,072 
TOTAL MATERIALS  27,515,590 
REAL ESTATE - 0.8%   
Equity Real Estate Investment Trusts (REITs) - 0.8%   
American Tower Corp. 42,800 6,218,840 
Crown Castle International Corp. 4,000 445,320 
Equinix, Inc. 16,800 7,272,552 
Public Storage 11,600 2,338,908 
Simon Property Group, Inc. 1,200 212,100 
  16,487,720 
TELECOMMUNICATION SERVICES - 1.9%   
Diversified Telecommunication Services - 1.9%   
AT&T, Inc. 108,947 3,658,440 
Verizon Communications, Inc. 665,325 35,521,702 
  39,180,142 
UTILITIES - 0.6%   
Electric Utilities - 0.6%   
Exelon Corp. 262,700 11,469,482 
TOTAL COMMON STOCKS   
(Cost $1,308,508,534)  2,025,947,507 
Convertible Preferred Stocks - 0.1%   
HEALTH CARE - 0.1%   
Health Care Equipment & Supplies - 0.1%   
Becton, Dickinson & Co. Series A, 6.125%   
(Cost $1,940,000) 38,800 2,540,240 
Other - 0.2%   
ENERGY - 0.2%   
Oil, Gas, & Consumable Fuels - 0.2%   
Utica Shale Drilling Program (non-operating revenue interest) (d)(e)(f)   
(Cost $9,242,241) 9,242,241 4,561,970 
Money Market Funds - 2.7%   
Fidelity Cash Central Fund, 2.11% (g) 32,087,246 32,093,664 
Fidelity Securities Lending Cash Central Fund 2.11% (g)(h) 22,517,874 22,520,126 
TOTAL MONEY MARKET FUNDS   
(Cost $54,613,790)  54,613,790 
TOTAL INVESTMENT IN SECURITIES - 101.3%   
(Cost $1,374,304,565)  2,087,663,507 
NET OTHER ASSETS (LIABILITIES) - (1.3)%  (26,023,369) 
NET ASSETS - 100%  $2,061,640,138 

Written Options       
 Counterparty Number of Contracts Notional Amount Exercise Price Expiration Date Value 
Call Options       
TJX Companies, Inc. Chicago Board Options Exchange 445 $4,984,890 $97.50 10/19/18 $(654,150) 

Legend

 (a) Non-income producing

 (b) Security or a portion of the security is pledged as collateral for call options written. At period end, the value of securities pledged amounted to $4,984,890.

 (c) Security or a portion of the security is on loan at period end.

 (d) Investment is owned by a wholly-owned subsidiary (Subsidiary) that is treated as a corporation for U.S. tax purposes.

 (e) Restricted securities - 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 $4,561,970 or 0.2% of net assets.

 (f) Level 3 security

 (g) 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.

 (h) Investment made with cash collateral received from securities on loan.

Additional information on each restricted holding is as follows:

Security Acquisition Date Acquisition Cost 
Utica Shale Drilling Program (non-operating revenue interest) 10/5/16 - 9/1/17 $9,242,241 

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $68,730 
Fidelity Securities Lending Cash Central Fund 39,221 
Total $107,951 

Amounts in the income column in the above table include any capital gain distributions from underlying funds.

Investment Valuation

The following is a summary of the inputs used, as of September 30, 2018, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $157,067,001 $151,185,509 $5,881,492 $-- 
Consumer Staples 184,440,823 184,440,823 -- -- 
Energy 264,903,425 264,903,425 -- -- 
Financials 399,170,985 399,170,985 -- -- 
Health Care 323,710,328 296,991,811 26,718,517 -- 
Industrials 172,428,511 172,428,511 -- -- 
Information Technology 432,113,740 432,113,740 -- -- 
Materials 27,515,590 27,515,590 -- -- 
Real Estate 16,487,720 16,487,720 -- -- 
Telecommunication Services 39,180,142 39,180,142 -- -- 
Utilities 11,469,482 11,469,482 -- -- 
Other 4,561,970 -- -- 4,561,970 
Money Market Funds 54,613,790 54,613,790 -- -- 
Total Investments in Securities: $2,087,663,507 $2,050,501,528 $32,600,009 $4,561,970 
Derivative Instruments:     
Liabilities     
Written Options $(654,150) $(654,150) $-- $-- 
Total Liabilities $(654,150) $(654,150) $-- $-- 
Total Derivative Instruments: $(654,150) $(654,150) $-- $-- 

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors 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 procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - 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). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's 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 vendor 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 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. Utilizing these techniques may result in transfers between Level 1 and Level 2. 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.

Exchange-traded options are valued using the last sale price or, in the absence of a sale, the last offering price and are categorized as Level 1 in the hierarchy.

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the 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.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.


Quarterly Holdings Report
for

Fidelity® Series Large Cap Stock Fund (formerly Fidelity® Series Growth & Income Fund)

September 30, 2018







MHT-QTLY-1118
1.951037.105





Schedule of Investments September 30, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.3%   
 Shares Value 
CONSUMER DISCRETIONARY - 8.4%   
Auto Components - 0.1%   
Gentex Corp. 508,900 $10,920,994 
Automobiles - 0.1%   
General Motors Co. 345,700 11,639,719 
Hotels, Restaurants & Leisure - 0.4%   
Cedar Fair LP (depositary unit) 107,600 5,603,808 
Dunkin' Brands Group, Inc. 583,600 43,022,992 
Starbucks Corp. 61,200 3,478,608 
  52,105,408 
Media - 5.0%   
Comcast Corp. Class A 12,589,580 445,797,028 
Interpublic Group of Companies, Inc. 3,654,300 83,573,841 
Omnicom Group, Inc. 427,700 29,092,154 
The Walt Disney Co. 1,325,400 154,992,276 
Viacom, Inc. Class B (non-vtg.) 301,200 10,168,512 
Vivendi SA 1,540,900 39,627,417 
  763,251,228 
Multiline Retail - 0.2%   
Target Corp. 384,638 33,928,918 
Specialty Retail - 2.6%   
L Brands, Inc. 1,536,200 46,546,860 
Lowe's Companies, Inc. 1,544,377 177,325,367 
Ross Stores, Inc. 616,200 61,065,420 
TJX Companies, Inc. (a) 1,035,800 116,030,316 
  400,967,963 
TOTAL CONSUMER DISCRETIONARY  1,272,814,230 
CONSUMER STAPLES - 8.2%   
Beverages - 1.3%   
The Coca-Cola Co. 4,233,316 195,536,866 
Food & Staples Retailing - 1.6%   
Walgreens Boots Alliance, Inc. 474,800 34,612,920 
Walmart, Inc. 2,167,700 203,568,707 
  238,181,627 
Food Products - 0.4%   
The Hershey Co. 517,300 52,764,600 
The Kraft Heinz Co. 65,100 3,587,661 
  56,352,261 
Household Products - 1.6%   
Kimberly-Clark Corp. 385,200 43,774,128 
Procter & Gamble Co. 2,176,587 181,157,336 
Spectrum Brands Holdings, Inc. 277,600 20,742,272 
  245,673,736 
Tobacco - 3.3%   
Altria Group, Inc. 5,992,000 361,377,520 
British American Tobacco PLC sponsored ADR 3,148,100 146,795,903 
  508,173,423 
TOTAL CONSUMER STAPLES  1,243,917,913 
ENERGY - 13.1%   
Energy Equipment & Services - 1.5%   
Baker Hughes, a GE Co. Class A 2,254,500 76,269,735 
Nabors Industries Ltd. 1,538,000 9,474,080 
National Oilwell Varco, Inc. 1,065,100 45,884,508 
Oceaneering International, Inc. 1,473,430 40,666,668 
Schlumberger Ltd. 708,900 43,186,188 
TechnipFMC PLC 290,700 9,084,375 
  224,565,554 
Oil, Gas & Consumable Fuels - 11.6%   
BP PLC sponsored ADR 3,437,930 158,488,573 
Cabot Oil & Gas Corp. 2,281,500 51,379,380 
Cenovus Energy, Inc. 76,100 763,283 
Cenovus Energy, Inc. (Canada) 18,034,751 181,094,507 
Chevron Corp. 2,633,823 322,063,876 
Enterprise Products Partners LP 726,100 20,860,853 
Equinor ASA sponsored ADR 3,616,000 101,971,200 
Exxon Mobil Corp. 6,082,800 517,159,656 
Golar LNG Ltd. 612,787 17,035,479 
Imperial Oil Ltd. 1,754,600 56,781,853 
Kosmos Energy Ltd. (b) 5,242,600 49,018,310 
Legacy Reserves, Inc. (b) 2,251,567 10,920,100 
Suncor Energy, Inc. 4,770,500 184,593,032 
Teekay LNG Partners LP 743,600 12,418,120 
The Williams Companies, Inc. 2,840,302 77,227,811 
  1,761,776,033 
TOTAL ENERGY  1,986,341,587 
FINANCIALS - 19.2%   
Banks - 12.8%   
Bank of America Corp. 16,230,842 478,160,605 
Citigroup, Inc. (a) 4,917,914 352,811,150 
First Hawaiian, Inc. 721,000 19,582,360 
JPMorgan Chase & Co. 3,439,637 388,128,639 
M&T Bank Corp. 51,790 8,521,527 
PNC Financial Services Group, Inc. 900,068 122,580,261 
SunTrust Banks, Inc. (a) 2,032,090 135,723,291 
U.S. Bancorp 2,566,110 135,516,269 
Wells Fargo & Co. 5,835,999 306,740,107 
  1,947,764,209 
Capital Markets - 5.1%   
Apollo Global Management LLC Class A 742,300 25,646,465 
Brookfield Asset Management, Inc. 107,600 4,791,428 
Charles Schwab Corp. 1,416,435 69,617,780 
KKR & Co. LP 3,553,889 96,914,553 
Morgan Stanley 1,842,780 85,818,265 
Northern Trust Corp. 1,803,261 184,167,046 
Oaktree Capital Group LLC Class A 792,924 32,827,054 
S&P Global, Inc. 232,000 45,330,480 
State Street Corp. 2,711,175 227,142,242 
Virtu Financial, Inc. Class A 279,700 5,719,865 
  777,975,178 
Insurance - 1.0%   
Chubb Ltd. 176,200 23,547,368 
Marsh & McLennan Companies, Inc. 498,226 41,213,255 
MetLife, Inc. 1,376,200 64,296,064 
The Travelers Companies, Inc. 178,400 23,140,264 
  152,196,951 
Thrifts & Mortgage Finance - 0.3%   
Radian Group, Inc. 2,026,616 41,890,153 
TOTAL FINANCIALS  2,919,826,491 
HEALTH CARE - 14.3%   
Biotechnology - 1.4%   
Alexion Pharmaceuticals, Inc. (b) 770,900 107,162,809 
Amgen, Inc. 348,227 72,183,975 
AnaptysBio, Inc. (b) 25,100 2,504,227 
Intercept Pharmaceuticals, Inc. (b) 312,065 39,432,533 
  221,283,544 
Health Care Equipment & Supplies - 0.9%   
Becton, Dickinson & Co. 36,200 9,448,200 
Boston Scientific Corp. (b) 727,000 27,989,500 
Danaher Corp. 507,200 55,112,352 
Fisher & Paykel Healthcare Corp. 741,573 7,397,853 
ResMed, Inc. 101,000 11,649,340 
Steris PLC 115,600 13,224,640 
Zimmer Biomet Holdings, Inc. 112,900 14,842,963 
  139,664,848 
Health Care Providers & Services - 6.5%   
AmerisourceBergen Corp. 1,093,200 100,814,904 
Anthem, Inc. 333,400 91,368,270 
Cardinal Health, Inc. 1,941,600 104,846,400 
Cigna Corp. 554,400 115,453,800 
CVS Health Corp. 3,534,110 278,205,139 
Fresenius Medical Care AG & Co. KGaA sponsored ADR 371,200 19,087,104 
HCA Holdings, Inc. 87,900 12,228,648 
Humana, Inc. 112,200 37,981,944 
McKesson Corp. 889,777 118,028,919 
Patterson Companies, Inc. 1,615,810 39,506,555 
UnitedHealth Group, Inc. 255,700 68,026,428 
  985,548,111 
Pharmaceuticals - 5.5%   
Allergan PLC 101,800 19,390,864 
AstraZeneca PLC sponsored ADR 1,491,100 59,002,827 
Bayer AG 1,190,742 105,619,611 
Eli Lilly & Co. 228,200 24,488,142 
GlaxoSmithKline PLC sponsored ADR 5,988,940 240,575,720 
Johnson & Johnson 1,706,444 235,779,367 
Novartis AG sponsored ADR 131,662 11,343,998 
Perrigo Co. PLC 327,900 23,215,320 
Sanofi SA 582,996 52,089,077 
Teva Pharmaceutical Industries Ltd. sponsored ADR 2,773,033 59,731,131 
  831,236,057 
TOTAL HEALTH CARE  2,177,732,560 
INDUSTRIALS - 11.3%   
Aerospace & Defense - 2.3%   
General Dynamics Corp. 352,300 72,122,856 
Meggitt PLC 437,027 3,226,333 
Rolls-Royce Holdings PLC 2,505,300 32,231,683 
United Technologies Corp. 1,714,220 239,665,098 
  347,245,970 
Air Freight & Logistics - 1.7%   
C.H. Robinson Worldwide, Inc. 459,500 44,994,240 
Expeditors International of Washington, Inc. 47,700 3,507,381 
United Parcel Service, Inc. Class B 1,782,605 208,119,134 
  256,620,755 
Commercial Services & Supplies - 0.2%   
Healthcare Services Group, Inc. (c) 535,100 21,735,762 
Ritchie Brothers Auctioneers, Inc. 41,600 1,501,162 
Stericycle, Inc. (b) 168,511 9,888,225 
  33,125,149 
Electrical Equipment - 0.9%   
Acuity Brands, Inc. 427,500 67,203,000 
Hubbell, Inc. Class B 380,740 50,855,442 
Melrose Industries PLC 586,600 1,528,384 
Rockwell Automation, Inc. 57,700 10,819,904 
  130,406,730 
Industrial Conglomerates - 1.6%   
3M Co. 58,300 12,284,393 
General Electric Co. 20,960,722 236,646,551 
  248,930,944 
Machinery - 1.1%   
Donaldson Co., Inc. 453,900 26,444,214 
Flowserve Corp. 1,633,400 89,330,646 
PACCAR, Inc. 42,200 2,877,618 
Wabtec Corp. 444,000 46,566,720 
  165,219,198 
Professional Services - 0.2%   
Nielsen Holdings PLC 1,306,000 36,123,960 
Road & Rail - 2.3%   
J.B. Hunt Transport Services, Inc. 730,858 86,928,251 
Knight-Swift Transportation Holdings, Inc. Class A 354,100 12,209,368 
Norfolk Southern Corp. 482,514 87,093,777 
Union Pacific Corp. 984,800 160,354,984 
  346,586,380 
Trading Companies & Distributors - 1.0%   
Bunzl PLC 322,820 10,153,025 
Fastenal Co. 932,400 54,097,848 
Howden Joinery Group PLC 446,100 2,726,404 
MSC Industrial Direct Co., Inc. Class A 220,600 19,437,066 
Watsco, Inc. 356,429 63,480,005 
  149,894,348 
TOTAL INDUSTRIALS  1,714,153,434 
INFORMATION TECHNOLOGY - 16.5%   
Communications Equipment - 1.2%   
Cisco Systems, Inc. 3,578,673 174,102,441 
Electronic Equipment & Components - 0.1%   
Avnet, Inc. 253,600 11,353,672 
Philips Lighting NV (d) 285,800 7,399,766 
  18,753,438 
Internet Software & Services - 0.8%   
Alphabet, Inc.:   
Class A (b) 53,663 64,775,534 
Class C (b) 50,799 60,627,083 
  125,402,617 
IT Services - 2.9%   
IBM Corp. 220,600 33,356,926 
MasterCard, Inc. Class A 146,450 32,601,235 
Paychex, Inc. 1,406,155 103,563,316 
Unisys Corp. (b)(c) 1,824,517 37,220,147 
Visa, Inc. Class A (a) 1,511,080 226,797,997 
  433,539,621 
Semiconductors & Semiconductor Equipment - 2.0%   
Analog Devices, Inc. 142,300 13,157,058 
Applied Materials, Inc. 911,900 35,244,935 
Lam Research Corp. 61,800 9,375,060 
Qualcomm, Inc. 3,497,410 251,918,442 
  309,695,495 
Software - 6.6%   
Micro Focus International PLC 1,899,540 35,325,473 
Microsoft Corp. (a) 5,848,125 668,850,056 
Oracle Corp. 3,926,282 202,439,100 
SAP SE sponsored ADR 777,900 95,681,700 
  1,002,296,329 
Technology Hardware, Storage & Peripherals - 2.9%   
Apple, Inc. 1,868,866 421,877,811 
Western Digital Corp. 292,000 17,093,680 
  438,971,491 
TOTAL INFORMATION TECHNOLOGY  2,502,761,432 
MATERIALS - 2.0%   
Chemicals - 1.7%   
CF Industries Holdings, Inc. 523,100 28,477,564 
DowDuPont, Inc. 719,500 46,271,045 
International Flavors & Fragrances, Inc. 173,400 24,123,408 
LyondellBasell Industries NV Class A 496,300 50,875,713 
Nutrien Ltd. 1,476,824 85,271,965 
The Scotts Miracle-Gro Co. Class A 285,700 22,493,161 
  257,512,856 
Metals & Mining - 0.3%   
BHP Billiton Ltd. sponsored ADR (c) 779,900 38,870,216 
TOTAL MATERIALS  296,383,072 
REAL ESTATE - 1.5%   
Equity Real Estate Investment Trusts (REITs) - 1.5%   
American Tower Corp. 327,100 47,527,630 
CoreSite Realty Corp. 334,700 37,198,558 
Equinix, Inc. 132,700 57,444,503 
Omega Healthcare Investors, Inc. 294,700 9,657,319 
Public Storage 184,300 37,160,409 
Sabra Health Care REIT, Inc. 533,000 12,322,960 
Simon Property Group, Inc. 41,900 7,405,825 
Spirit MTA REIT 200,580 2,310,682 
Spirit Realty Capital, Inc. 1,969,300 15,872,558 
  226,900,444 
TELECOMMUNICATION SERVICES - 1.5%   
Diversified Telecommunication Services - 1.5%   
AT&T, Inc. 780,765 26,218,089 
Verizon Communications, Inc. 3,897,282 208,075,886 
  234,293,975 
UTILITIES - 1.3%   
Electric Utilities - 1.2%   
Duke Energy Corp. 119,000 9,522,380 
Exelon Corp. 2,243,790 97,963,871 
PPL Corp. 1,507,200 44,100,672 
Southern Co. 496,400 21,643,040 
  173,229,963 
Multi-Utilities - 0.1%   
Sempra Energy 187,700 21,350,875 
TOTAL UTILITIES  194,580,838 
TOTAL COMMON STOCKS   
(Cost $11,695,635,307)  14,769,705,976 
Preferred Stocks - 0.2%   
Convertible Preferred Stocks - 0.2%   
HEALTH CARE - 0.2%   
Health Care Equipment & Supplies - 0.2%   
Becton, Dickinson & Co. Series A, 6.125% 388,900 25,461,322 
Nonconvertible Preferred Stocks - 0.0%   
INDUSTRIALS - 0.0%   
Aerospace & Defense - 0.0%   
Rolls-Royce Holdings PLC (C Shares) 720,527,770 939,136 
TOTAL PREFERRED STOCKS   
(Cost $20,712,271)  26,400,458 
 Principal Amount Value 
Convertible Bonds - 0.1%   
HEALTH CARE - 0.1%   
Pharmaceuticals - 0.1%   
Bayer Capital Corp. BV 5.625% 11/22/19
(Cost $13,277,549)(d) 
EUR12,000,000 12,845,997 
 Shares Value 
Other - 0.1%   
Energy - 0.1%   
Oil, Gas & Consumable Fuels - 0.1%   
Utica Shale Drilling Program (non-operating revenue interest) 10% 10/5/23 (e)(f)(g)   
(Cost $28,952,535) 28,952,535 14,290,971 
Money Market Funds - 2.4%   
Fidelity Cash Central Fund, 2.11% (h) 317,634,763 317,698,290 
Fidelity Securities Lending Cash Central Fund 2.11% (h)(i) 50,769,945 50,775,022 
TOTAL MONEY MARKET FUNDS   
(Cost $368,473,312)  368,473,312 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $12,127,050,974)  15,191,716,714 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (17,360,640) 
NET ASSETS - 100%  $15,174,356,074 

Written Options       
 Counterparty Number of Contracts Notional Amount Exercise Price Expiration Date Value 
Call Options       
Citigroup, Inc. Chicago Board Options Exchange 5,313 $38,115,462 $72.50 10/19/18 $(693,347) 
Microsoft Corp. Chicago Board Options Exchange 5,939 67,924,343 115.00 10/19/18 (1,018,539) 
SunTrust Banks, Inc. Chicago Board Options Exchange 2,404 16,056,316 75.00 10/19/18 (10,818) 
SunTrust Banks, Inc. Chicago Board Options Exchange 2,404 16,056,316 77.50 10/19/18 (7,212) 
TJX Companies, Inc. Chicago Board Options Exchange 4,223 47,306,046 97.50 10/19/18 (6,207,810) 
Visa, Inc. Chicago Board Options Exchange 1,585 23,789,265 145.00 10/19/18 (935,150) 
Visa, Inc. Chicago Board Options Exchange 1,585 23,789,265 150.00 10/19/18 (353,455) 
TOTAL WRITTEN OPTIONS      $(9,226,331) 

Currency Abbreviations

EUR – European Monetary Unit

Legend

 (a) Security or a portion of the security is pledged as collateral for call options written. At period end, the value of securities pledged amounted to $233,037,013.

 (b) Non-income producing

 (c) Security or a portion of the security is on loan at period end.

 (d) 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 $20,245,763 or 0.1% of net assets.

 (e) Investment is owned by a wholly-owned subsidiary (Subsidiary) that is treated as a corporation for U.S. tax purposes.

 (f) Restricted securities - 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 $14,290,971 or 0.1% of net assets.

 (g) Level 3 security

 (h) 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.

 (i) Investment made with cash collateral received from securities on loan.

Additional information on each restricted holding is as follows:

Security Acquisition Date Acquisition Cost 
Utica Shale Drilling Program (non-operating revenue interest) 10% 10/5/23 10/5/16 - 4/5/18 $28,952,535 

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $1,021,903 
Fidelity Securities Lending Cash Central Fund 141,898 
Total $1,163,801 

Amounts in the income column in the above table include any capital gain distributions from underlying funds.

Investment Valuation

The following is a summary of the inputs used, as of September 30, 2018, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $1,272,814,230 $1,233,186,813 $39,627,417 $-- 
Consumer Staples 1,243,917,913 1,243,917,913 -- -- 
Energy 1,986,341,587 1,986,341,587 -- -- 
Financials 2,919,826,491 2,919,826,491 -- -- 
Health Care 2,203,193,882 2,020,023,872 183,170,010 -- 
Industrials 1,715,092,570 1,682,860,887 32,231,683 -- 
Information Technology 2,502,761,432 2,467,435,959 35,325,473 -- 
Materials 296,383,072 296,383,072 -- -- 
Real Estate 226,900,444 226,900,444 -- -- 
Telecommunication Services 234,293,975 234,293,975 -- -- 
Utilities 194,580,838 194,580,838 -- -- 
Corporate Bonds 12,845,997 -- 12,845,997 -- 
Other 14,290,971 -- -- 14,290,971 
Money Market Funds 368,473,312 368,473,312 -- -- 
Total Investments in Securities: $15,191,716,714 $14,874,225,163 $303,200,580 $14,290,971 
Derivative Instruments:     
Liabilities     
Written Options $(9,226,331) $(9,226,331) $-- $-- 
Total Liabilities $(9,226,331) $(9,226,331) $-- $-- 
Total Derivative Instruments: $(9,226,331) $(9,226,331) $-- $-- 

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors 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 procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - 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). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's 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 vendor 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 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. Utilizing these techniques may result in transfers between Level 1 and Level 2. 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.

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. Corporate bonds are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker supplied prices.

When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Exchange-traded options are valued using the last sale price or, in the absence of a sale, the last offering price and are categorized as Level 1 in the hierarchy.

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the 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.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.



Item 2.

Controls and Procedures


(a)(i)  The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Hastings Street Trusts (the Trust) disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.


(a)(ii)  There was no change in the Trusts internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the Trusts last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Trusts internal control over financial reporting.


Item 3.

Exhibits


Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.




SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


Fidelity Hastings Street Trust



By:

/s/Stacie M. Smith


Stacie M. Smith


President and Treasurer



Date:

November 28, 2018


Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.



By:

/s/Stacie M. Smith


Stacie M. Smith


President and Treasurer



Date:

November 28, 2018



By:

/s/John J. Burke III


John J. Burke III


Chief Financial Officer



Date:

November 28, 2018