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)
Scott C. Goebel, 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: |
March 31, 2015 |
Item 1. Schedule of Investments
Quarterly Holdings Report
for
Fidelity Advisor®
Series Growth & Income Fund
March 31, 2015
1.950945.102
AMHTI-QTLY-0515
Showing Percentage of Net Assets
Common Stocks - 98.5% |
|||
Shares |
Value |
||
CONSUMER DISCRETIONARY - 10.2% |
|||
Automobiles - 0.1% |
|||
Harley-Davidson, Inc. |
22,521 |
$ 1,367,926 |
|
Diversified Consumer Services - 0.4% |
|||
H&R Block, Inc. |
158,100 |
5,070,267 |
|
Hotels, Restaurants & Leisure - 1.4% |
|||
Darden Restaurants, Inc. |
25,200 |
1,747,368 |
|
Domino's Pizza, Inc. |
8,300 |
834,565 |
|
Interval Leisure Group, Inc. |
41,000 |
1,074,610 |
|
Las Vegas Sands Corp. |
68,900 |
3,792,256 |
|
Yum! Brands, Inc. |
135,001 |
10,627,279 |
|
|
18,076,078 |
||
Household Durables - 0.3% |
|||
Tupperware Brands Corp. |
49,300 |
3,402,686 |
|
Leisure Products - 0.0% |
|||
Mattel, Inc. |
24,400 |
557,540 |
|
Media - 4.1% |
|||
Comcast Corp. Class A (special) (non-vtg.) |
445,590 |
24,982,003 |
|
Scripps Networks Interactive, Inc. Class A |
32,150 |
2,204,204 |
|
Sinclair Broadcast Group, Inc. Class A (e) |
161,671 |
5,078,086 |
|
Time Warner, Inc. |
181,741 |
15,346,210 |
|
Viacom, Inc. Class B (non-vtg.) |
77,400 |
5,286,420 |
|
|
52,896,923 |
||
Multiline Retail - 2.3% |
|||
Target Corp. |
366,863 |
30,108,446 |
|
Specialty Retail - 1.5% |
|||
Lowe's Companies, Inc. |
223,377 |
16,617,015 |
|
Sally Beauty Holdings, Inc. (a) |
83,200 |
2,859,584 |
|
|
19,476,599 |
||
Textiles, Apparel & Luxury Goods - 0.1% |
|||
adidas AG |
7,800 |
618,034 |
|
Japan Tobacco, Inc. |
8,100 |
256,080 |
|
|
874,114 |
||
TOTAL CONSUMER DISCRETIONARY |
131,830,579 |
||
CONSUMER STAPLES - 10.3% |
|||
Beverages - 3.0% |
|||
Diageo PLC |
247,075 |
6,827,754 |
|
Molson Coors Brewing Co. Class B |
19,400 |
1,444,330 |
|
PepsiCo, Inc. |
79,694 |
7,620,340 |
|
Common Stocks - continued |
|||
Shares |
Value |
||
CONSUMER STAPLES - continued |
|||
Beverages - continued |
|||
SABMiller PLC |
83,029 |
$ 4,360,049 |
|
The Coca-Cola Co. |
444,048 |
18,006,146 |
|
|
38,258,619 |
||
Food & Staples Retailing - 1.1% |
|||
CVS Health Corp. |
95,590 |
9,865,844 |
|
Walgreens Boots Alliance, Inc. |
58,938 |
4,990,870 |
|
|
14,856,714 |
||
Food Products - 0.3% |
|||
Kellogg Co. |
59,979 |
3,955,615 |
|
Household Products - 1.9% |
|||
Procter & Gamble Co. |
305,017 |
24,993,093 |
|
Personal Products - 0.3% |
|||
Estee Lauder Companies, Inc. Class A |
26,500 |
2,203,740 |
|
Nu Skin Enterprises, Inc. Class A |
21,200 |
1,276,452 |
|
|
3,480,192 |
||
Tobacco - 3.7% |
|||
British American Tobacco PLC sponsored ADR |
144,185 |
14,962,077 |
|
Lorillard, Inc. |
243,786 |
15,931,415 |
|
Philip Morris International, Inc. |
142,987 |
10,771,211 |
|
Reynolds American, Inc. |
93,900 |
6,470,649 |
|
|
48,135,352 |
||
TOTAL CONSUMER STAPLES |
133,679,585 |
||
ENERGY - 9.1% |
|||
Energy Equipment & Services - 1.2% |
|||
Ensco PLC Class A |
218,500 |
4,603,795 |
|
Helmerich & Payne, Inc. |
8,600 |
585,402 |
|
Oceaneering International, Inc. |
106,300 |
5,732,759 |
|
Schlumberger Ltd. |
53,020 |
4,423,989 |
|
|
15,345,945 |
||
Oil, Gas & Consumable Fuels - 7.9% |
|||
Apache Corp. |
113,447 |
6,844,258 |
|
BG Group PLC |
752,164 |
9,231,864 |
|
Chevron Corp. |
261,788 |
27,482,504 |
|
EQT Midstream Partners LP |
23,000 |
1,786,180 |
|
Foresight Energy LP |
20,800 |
324,272 |
|
Golar LNG Ltd. |
84,400 |
2,808,832 |
|
Imperial Oil Ltd. |
213,300 |
8,513,138 |
|
Common Stocks - continued |
|||
Shares |
Value |
||
ENERGY - continued |
|||
Oil, Gas & Consumable Fuels - continued |
|||
Kinder Morgan, Inc. |
86,800 |
$ 3,650,808 |
|
Legacy Reserves LP |
49,600 |
501,952 |
|
Markwest Energy Partners LP |
172,571 |
11,406,943 |
|
Peabody Energy Corp. (e) |
58,260 |
286,639 |
|
PrairieSky Royalty Ltd. |
78,700 |
1,856,663 |
|
Suncor Energy, Inc. |
612,090 |
17,885,951 |
|
The Williams Companies, Inc. |
172,474 |
8,725,460 |
|
Williams Partners LP |
19,680 |
968,650 |
|
|
102,274,114 |
||
TOTAL ENERGY |
117,620,059 |
||
FINANCIALS - 21.4% |
|||
Banks - 14.0% |
|||
Bank of America Corp. |
1,923,137 |
29,597,078 |
|
Citigroup, Inc. |
599,131 |
30,867,229 |
|
Comerica, Inc. |
84,700 |
3,822,511 |
|
Commerce Bancshares, Inc. |
26,700 |
1,129,944 |
|
Fifth Third Bancorp |
124,800 |
2,352,480 |
|
First Republic Bank |
10,800 |
616,572 |
|
FirstMerit Corp. |
90,900 |
1,732,554 |
|
Intesa Sanpaolo SpA |
80,900 |
274,575 |
|
JPMorgan Chase & Co. |
895,198 |
54,231,093 |
|
M&T Bank Corp. |
19,200 |
2,438,400 |
|
PNC Financial Services Group, Inc. |
94,444 |
8,805,959 |
|
Regions Financial Corp. |
461,200 |
4,358,340 |
|
Standard Chartered PLC (United Kingdom) |
451,750 |
7,327,827 |
|
SunTrust Banks, Inc. |
295,650 |
12,148,259 |
|
U.S. Bancorp |
244,271 |
10,667,315 |
|
UMB Financial Corp. |
17,600 |
930,864 |
|
Wells Fargo & Co. |
174,400 |
9,487,360 |
|
|
180,788,360 |
||
Capital Markets - 5.2% |
|||
Artisan Partners Asset Management, Inc. |
13,900 |
631,894 |
|
Carlyle Group LP |
69,000 |
1,869,900 |
|
Charles Schwab Corp. |
277,454 |
8,445,700 |
|
Greenhill & Co., Inc. |
10,500 |
416,325 |
|
Invesco Ltd. |
18,000 |
714,420 |
|
KKR & Co. LP |
380,778 |
8,685,546 |
|
Morgan Stanley |
227,480 |
8,118,761 |
|
Common Stocks - continued |
|||
Shares |
Value |
||
FINANCIALS - continued |
|||
Capital Markets - continued |
|||
Northern Trust Corp. |
111,410 |
$ 7,759,707 |
|
Oaktree Capital Group LLC Class A |
38,900 |
2,009,574 |
|
State Street Corp. |
260,174 |
19,130,594 |
|
The Blackstone Group LP |
159,100 |
6,187,399 |
|
TPG Specialty Lending, Inc. (e) |
174,330 |
3,000,219 |
|
|
66,970,039 |
||
Consumer Finance - 0.1% |
|||
Discover Financial Services |
17,600 |
991,760 |
|
Diversified Financial Services - 0.2% |
|||
IntercontinentalExchange Group, Inc. |
11,098 |
2,588,830 |
|
Insurance - 1.2% |
|||
Brown & Brown, Inc. |
26,460 |
876,091 |
|
Marsh & McLennan Companies, Inc. |
52,019 |
2,917,746 |
|
MetLife, Inc. |
193,139 |
9,763,176 |
|
Principal Financial Group, Inc. |
40,800 |
2,095,896 |
|
|
15,652,909 |
||
Real Estate Investment Trusts - 0.4% |
|||
First Potomac Realty Trust |
30,879 |
367,151 |
|
Lamar Advertising Co. Class A |
16,900 |
1,001,663 |
|
Sabra Health Care REIT, Inc. |
27,200 |
901,680 |
|
Sun Communities, Inc. |
20,085 |
1,340,071 |
|
WP Carey, Inc. |
21,700 |
1,475,600 |
|
|
5,086,165 |
||
Thrifts & Mortgage Finance - 0.3% |
|||
MGIC Investment Corp. (a) |
62,400 |
600,912 |
|
Radian Group, Inc. |
232,352 |
3,901,190 |
|
|
4,502,102 |
||
TOTAL FINANCIALS |
276,580,165 |
||
HEALTH CARE - 9.3% |
|||
Biotechnology - 1.5% |
|||
Amgen, Inc. |
109,465 |
17,497,980 |
|
Intercept Pharmaceuticals, Inc. (a) |
6,800 |
1,917,736 |
|
|
19,415,716 |
||
Health Care Equipment & Supplies - 1.3% |
|||
Abbott Laboratories |
76,291 |
3,534,562 |
|
Ansell Ltd. |
49,724 |
1,043,381 |
|
Medtronic PLC |
77,168 |
6,018,332 |
|
Common Stocks - continued |
|||
Shares |
Value |
||
HEALTH CARE - continued |
|||
Health Care Equipment & Supplies - continued |
|||
St. Jude Medical, Inc. |
19,800 |
$ 1,294,920 |
|
Zimmer Holdings, Inc. |
42,400 |
4,982,848 |
|
|
16,874,043 |
||
Health Care Providers & Services - 1.8% |
|||
Cardinal Health, Inc. |
45,700 |
4,125,339 |
|
Express Scripts Holding Co. (a) |
26,300 |
2,282,051 |
|
McKesson Corp. |
53,325 |
12,062,115 |
|
Patterson Companies, Inc. |
63,377 |
3,092,164 |
|
Quest Diagnostics, Inc. |
10,931 |
840,047 |
|
|
22,401,716 |
||
Pharmaceuticals - 4.7% |
|||
AbbVie, Inc. |
9,000 |
526,860 |
|
Astellas Pharma, Inc. |
137,000 |
2,244,731 |
|
GlaxoSmithKline PLC sponsored ADR |
369,740 |
17,063,501 |
|
Johnson & Johnson |
214,274 |
21,555,964 |
|
Novartis AG sponsored ADR |
41,832 |
4,125,054 |
|
Teva Pharmaceutical Industries Ltd. sponsored ADR |
211,849 |
13,198,193 |
|
Theravance, Inc. (e) |
144,100 |
2,265,252 |
|
|
60,979,555 |
||
TOTAL HEALTH CARE |
119,671,030 |
||
INDUSTRIALS - 12.7% |
|||
Aerospace & Defense - 2.6% |
|||
Meggitt PLC |
585,900 |
4,767,145 |
|
Rolls-Royce Group PLC |
163,989 |
2,318,280 |
|
The Boeing Co. |
114,579 |
17,196,016 |
|
United Technologies Corp. |
81,020 |
9,495,544 |
|
|
33,776,985 |
||
Air Freight & Logistics - 1.8% |
|||
C.H. Robinson Worldwide, Inc. |
40,313 |
2,951,718 |
|
FedEx Corp. |
12,900 |
2,134,305 |
|
PostNL NV (a) |
466,700 |
1,988,208 |
|
United Parcel Service, Inc. Class B |
168,970 |
16,379,952 |
|
|
23,454,183 |
||
Airlines - 0.2% |
|||
Copa Holdings SA Class A |
27,800 |
2,806,966 |
|
Building Products - 0.1% |
|||
Lennox International, Inc. |
14,100 |
1,574,829 |
|
Common Stocks - continued |
|||
Shares |
Value |
||
INDUSTRIALS - continued |
|||
Commercial Services & Supplies - 0.9% |
|||
ADT Corp. (e) |
180,900 |
$ 7,510,968 |
|
KAR Auction Services, Inc. |
96,397 |
3,656,338 |
|
|
11,167,306 |
||
Electrical Equipment - 0.5% |
|||
Emerson Electric Co. |
29,300 |
1,658,966 |
|
Hubbell, Inc. Class B |
47,037 |
5,156,196 |
|
|
6,815,162 |
||
Industrial Conglomerates - 3.1% |
|||
General Electric Co. |
1,613,966 |
40,042,496 |
|
Machinery - 0.8% |
|||
Deere & Co. |
55,400 |
4,858,026 |
|
Donaldson Co., Inc. |
35,700 |
1,346,247 |
|
IMI PLC |
95,600 |
1,808,116 |
|
Joy Global, Inc. |
15,300 |
599,454 |
|
Valmont Industries, Inc. |
7,700 |
946,176 |
|
Xylem, Inc. |
12,800 |
448,256 |
|
|
10,006,275 |
||
Professional Services - 0.1% |
|||
Acacia Research Corp. |
69,700 |
745,790 |
|
Road & Rail - 2.1% |
|||
CSX Corp. |
373,012 |
12,354,157 |
|
J.B. Hunt Transport Services, Inc. |
100,365 |
8,570,669 |
|
Kansas City Southern |
16,400 |
1,674,112 |
|
Norfolk Southern Corp. |
41,280 |
4,248,538 |
|
|
26,847,476 |
||
Trading Companies & Distributors - 0.5% |
|||
Watsco, Inc. |
55,751 |
7,007,901 |
|
TOTAL INDUSTRIALS |
164,245,369 |
||
INFORMATION TECHNOLOGY - 20.4% |
|||
Communications Equipment - 3.1% |
|||
Cisco Systems, Inc. |
758,740 |
20,884,319 |
|
QUALCOMM, Inc. |
265,510 |
18,410,463 |
|
|
39,294,782 |
||
Internet Software & Services - 3.2% |
|||
Google, Inc.: |
|
|
|
Class A (a) |
32,459 |
18,005,007 |
|
Common Stocks - continued |
|||
Shares |
Value |
||
INFORMATION TECHNOLOGY - continued |
|||
Internet Software & Services - continued |
|||
Google, Inc.: - continued |
|
|
|
Class C (a) |
28,059 |
$ 15,376,332 |
|
Yahoo!, Inc. (a) |
178,986 |
7,953,243 |
|
|
41,334,582 |
||
IT Services - 5.6% |
|||
Cognizant Technology Solutions Corp. Class A (a) |
108,602 |
6,775,679 |
|
Fidelity National Information Services, Inc. |
40,111 |
2,729,955 |
|
IBM Corp. |
73,074 |
11,728,377 |
|
Leidos Holdings, Inc. |
9,800 |
411,208 |
|
MasterCard, Inc. Class A |
161,650 |
13,964,944 |
|
Paychex, Inc. |
326,705 |
16,209,469 |
|
The Western Union Co. |
180,130 |
3,748,505 |
|
Unisys Corp. (a) |
74,400 |
1,726,824 |
|
Visa, Inc. Class A |
230,280 |
15,062,615 |
|
|
72,357,576 |
||
Semiconductors & Semiconductor Equipment - 1.1% |
|||
Applied Materials, Inc. |
78,726 |
1,776,059 |
|
Broadcom Corp. Class A |
199,437 |
8,634,625 |
|
Maxim Integrated Products, Inc. |
72,000 |
2,506,320 |
|
Xilinx, Inc. |
13,700 |
579,510 |
|
|
13,496,514 |
||
Software - 3.4% |
|||
Microsoft Corp. |
874,008 |
35,532,795 |
|
Oracle Corp. |
205,113 |
8,850,626 |
|
|
44,383,421 |
||
Technology Hardware, Storage & Peripherals - 4.0% |
|||
Apple, Inc. |
380,406 |
47,333,919 |
|
EMC Corp. |
25,500 |
651,780 |
|
First Data Holdings, Inc. Class B (h) |
911,424 |
4,055,837 |
|
|
52,041,536 |
||
TOTAL INFORMATION TECHNOLOGY |
262,908,411 |
||
MATERIALS - 3.4% |
|||
Chemicals - 2.9% |
|||
Airgas, Inc. |
74,419 |
7,896,600 |
|
E.I. du Pont de Nemours & Co. |
56,330 |
4,025,905 |
|
FMC Corp. |
41,271 |
2,362,765 |
|
LyondellBasell Industries NV Class A |
15,700 |
1,378,460 |
|
Common Stocks - continued |
|||
Shares |
Value |
||
MATERIALS - continued |
|||
Chemicals - continued |
|||
Methanex Corp. (e) |
34,300 |
$ 1,836,393 |
|
Monsanto Co. |
103,414 |
11,638,212 |
|
Potash Corp. of Saskatchewan, Inc. |
50,410 |
1,625,076 |
|
Syngenta AG (Switzerland) |
15,157 |
5,149,267 |
|
Tronox Ltd. Class A |
44,489 |
904,461 |
|
|
36,817,139 |
||
Metals & Mining - 0.4% |
|||
Freeport-McMoRan, Inc. |
274,500 |
5,201,775 |
|
SunCoke Energy Partners LP |
18,390 |
391,523 |
|
|
5,593,298 |
||
Paper & Forest Products - 0.1% |
|||
Domtar Corp. |
20,000 |
924,400 |
|
TOTAL MATERIALS |
43,334,837 |
||
TELECOMMUNICATION SERVICES - 1.7% |
|||
Diversified Telecommunication Services - 1.7% |
|||
TDC A/S |
98,600 |
706,652 |
|
Verizon Communications, Inc. |
431,359 |
20,976,988 |
|
|
21,683,640 |
||
UTILITIES - 0.0% |
|||
Electric Utilities - 0.0% |
|||
Southern Co. |
14,700 |
650,916 |
|
TOTAL COMMON STOCKS (Cost $1,123,335,691) |
|
||
Convertible Preferred Stocks - 0.7% |
|||
|
|
|
|
CONSUMER DISCRETIONARY - 0.0% |
|||
Leisure Products - 0.0% |
|||
NJOY, Inc. Series D (a)(h) |
12,494 |
100,827 |
|
HEALTH CARE - 0.7% |
|||
Health Care Equipment & Supplies - 0.7% |
|||
Alere, Inc. 3.00% |
28,296 |
9,408,420 |
|
TOTAL CONVERTIBLE PREFERRED STOCKS (Cost $7,979,291) |
|
Convertible Bonds - 0.3% |
||||
|
Principal Amount (d) |
Value |
||
CONSUMER DISCRETIONARY - 0.0% |
||||
Automobiles - 0.0% |
||||
Tesla Motors, Inc. 1.25% 3/1/21 |
|
$ 590,000 |
$ 494,125 |
|
ENERGY - 0.2% |
||||
Oil, Gas & Consumable Fuels - 0.2% |
||||
Amyris, Inc.: |
|
|
|
|
3% 2/27/17 |
|
820,000 |
709,751 |
|
5% 10/15/18 (h) |
|
788,395 |
643,023 |
|
Peabody Energy Corp. 4.75% 12/15/41 |
|
1,920,000 |
678,000 |
|
|
2,030,774 |
|||
INFORMATION TECHNOLOGY - 0.1% |
||||
Internet Software & Services - 0.1% |
||||
Twitter, Inc. 0.25% 9/15/19 (f) |
|
880,000 |
864,050 |
|
TOTAL CONVERTIBLE BONDS (Cost $4,315,754) |
|
|||
Preferred Securities - 0.0% |
||||
|
||||
FINANCIALS - 0.0% |
||||
Diversified Financial Services - 0.0% |
||||
Baggot Securities Ltd. 10.24% (f)(g) (Cost $829,308) |
EUR |
540,000 |
|
Money Market Funds - 1.2% |
|||
Shares |
|
||
Fidelity Cash Central Fund, 0.14% (b) |
8,480,575 |
8,480,575 |
|
Fidelity Securities Lending Cash Central Fund, 0.15% (b)(c) |
7,001,335 |
7,001,335 |
|
TOTAL MONEY MARKET FUNDS (Cost $15,481,910) |
|
||
TOTAL INVESTMENT PORTFOLIO - 100.7% (Cost $1,151,941,954) |
1,301,201,530 |
||
NET OTHER ASSETS (LIABILITIES) - (0.7)% |
(9,496,663) |
||
NET ASSETS - 100% |
$ 1,291,704,867 |
Currency Abbreviations |
||
EUR |
- |
European Monetary Unit |
Legend |
(a) Non-income producing |
(b) 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. |
(c) Investment made with cash collateral received from securities on loan. |
(d) Amount is stated in United States dollars unless otherwise noted. |
(e) Security or a portion of the security is on loan at period end. |
(f) 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 $1,480,883 or 0.1% of net assets. |
(g) Security is perpetual in nature with no stated maturity date. |
(h) 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 $4,799,687 or 0.4% of net assets. |
Additional information on each restricted holding is as follows: |
Security |
Acquisition Date |
Acquisition Cost |
Amyris, Inc. 5% 10/15/18 |
10/16/13 - 10/15/14 |
$ 788,395 |
First Data Holdings, Inc. Class B |
6/26/14 |
$ 3,645,696 |
NJOY, Inc. Series D |
2/14/14 |
$ 211,475 |
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 |
$ 2,952 |
Fidelity Securities Lending Cash Central Fund |
131,190 |
Total |
$ 134,142 |
Other Information |
The following is a summary of the inputs used, as of March 31, 2015, 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. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section at the end of this listing. |
Valuation Inputs at Reporting Date: |
||||
Description |
Total |
Level 1 |
Level 2 |
Level 3 |
Investments in Securities: |
||||
Equities: |
||||
Consumer Discretionary |
$ 131,931,406 |
$ 131,574,499 |
$ 256,080 |
$ 100,827 |
Consumer Staples |
133,679,585 |
126,851,831 |
6,827,754 |
- |
Energy |
117,620,059 |
108,388,195 |
9,231,864 |
- |
Financials |
276,580,165 |
276,305,590 |
274,575 |
- |
Health Care |
129,079,450 |
126,834,719 |
2,244,731 |
- |
Industrials |
164,245,369 |
164,245,369 |
- |
- |
Information Technology |
262,908,411 |
258,852,574 |
- |
4,055,837 |
Materials |
43,334,837 |
38,185,570 |
5,149,267 |
- |
Telecommunication Services |
21,683,640 |
21,683,640 |
- |
- |
Utilities |
650,916 |
650,916 |
- |
- |
Corporate Bonds |
3,388,949 |
- |
3,388,949 |
- |
Preferred Securities |
616,833 |
- |
616,833 |
- |
Money Market Funds |
15,481,910 |
15,481,910 |
- |
- |
Total Investments in Securities: |
$ 1,301,201,530 |
$ 1,269,054,813 |
$ 27,990,053 |
$ 4,156,664 |
Income Tax Information |
At March 31, 2015, the cost of investment securities for income tax purposes was $1,155,307,324. Net unrealized appreciation aggregated $145,894,206, of which $189,459,036 related to appreciated investment securities and $43,564,830 related to depreciated investment securities. |
Investment Valuation |
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 Fidelity Management & Research Company (FMR) Fair Value Committee (the Committee). 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 and preferred securities 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. |
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 policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report. |
Quarterly 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. |
Quarterly Report
Quarterly Holdings Report
for
Fidelity ® Mega Cap Stock Fund
March 31, 2015
1.799848.111
GII-QTLY-0515
Showing Percentage of Net Assets
Common Stocks - 99.4% |
|||
Shares |
Value |
||
CONSUMER DISCRETIONARY - 10.8% |
|||
Automobiles - 0.2% |
|||
General Motors Co. |
193,900 |
$ 7,271,250 |
|
Hotels, Restaurants & Leisure - 1.1% |
|||
Las Vegas Sands Corp. |
206,900 |
11,387,776 |
|
Yum! Brands, Inc. |
355,200 |
27,961,344 |
|
|
39,349,120 |
||
Internet & Catalog Retail - 0.2% |
|||
Priceline Group, Inc. (a) |
6,400 |
7,450,560 |
|
Media - 5.1% |
|||
Comcast Corp. Class A (special) (non-vtg.) (d) |
1,495,600 |
83,850,814 |
|
The Walt Disney Co. |
134,000 |
14,055,260 |
|
Time Warner, Inc. |
707,800 |
59,766,632 |
|
Twenty-First Century Fox, Inc. Class A |
151,500 |
5,126,760 |
|
Viacom, Inc. Class B (non-vtg.) |
279,100 |
19,062,530 |
|
|
181,861,996 |
||
Multiline Retail - 2.4% |
|||
Target Corp. |
1,037,200 |
85,123,004 |
|
Specialty Retail - 1.8% |
|||
Lowe's Companies, Inc. |
866,600 |
64,466,374 |
|
Textiles, Apparel & Luxury Goods - 0.0% |
|||
Japan Tobacco, Inc. |
33,700 |
1,065,421 |
|
TOTAL CONSUMER DISCRETIONARY |
386,587,725 |
||
CONSUMER STAPLES - 10.0% |
|||
Beverages - 3.5% |
|||
Diageo PLC |
764,696 |
21,131,867 |
|
PepsiCo, Inc. |
367,805 |
35,169,514 |
|
SABMiller PLC |
259,289 |
13,615,877 |
|
The Coca-Cola Co. |
1,334,300 |
54,105,865 |
|
|
124,023,123 |
||
Food & Staples Retailing - 1.6% |
|||
CVS Health Corp. |
337,900 |
34,874,659 |
|
Walgreens Boots Alliance, Inc. |
278,897 |
23,616,998 |
|
|
58,491,657 |
||
Food Products - 0.2% |
|||
Kellogg Co. |
106,100 |
6,997,295 |
|
Household Products - 2.1% |
|||
Procter & Gamble Co. |
898,100 |
73,590,314 |
|
Common Stocks - continued |
|||
Shares |
Value |
||
CONSUMER STAPLES - continued |
|||
Tobacco - 2.6% |
|||
British American Tobacco PLC sponsored ADR |
407,300 |
$ 42,265,521 |
|
Philip Morris International, Inc. |
496,630 |
37,411,138 |
|
Reynolds American, Inc. |
200,700 |
13,830,237 |
|
|
93,506,896 |
||
TOTAL CONSUMER STAPLES |
356,609,285 |
||
ENERGY - 9.1% |
|||
Energy Equipment & Services - 1.1% |
|||
Halliburton Co. |
127,000 |
5,572,760 |
|
National Oilwell Varco, Inc. |
126,600 |
6,328,734 |
|
Schlumberger Ltd. |
314,600 |
26,250,224 |
|
|
38,151,718 |
||
Oil, Gas & Consumable Fuels - 8.0% |
|||
Anadarko Petroleum Corp. |
96,200 |
7,966,322 |
|
Apache Corp. |
526,405 |
31,758,014 |
|
BG Group PLC |
2,552,000 |
31,322,579 |
|
Chevron Corp. |
744,700 |
78,178,606 |
|
Exxon Mobil Corp. |
159,871 |
13,589,035 |
|
Imperial Oil Ltd. |
675,700 |
26,968,248 |
|
Kinder Morgan, Inc. |
312,000 |
13,122,720 |
|
Pioneer Natural Resources Co. |
25,200 |
4,120,452 |
|
Suncor Energy, Inc. |
1,937,000 |
56,601,295 |
|
The Williams Companies, Inc. |
461,600 |
23,352,344 |
|
|
286,979,615 |
||
TOTAL ENERGY |
325,131,333 |
||
FINANCIALS - 19.2% |
|||
Banks - 13.5% |
|||
Bank of America Corp. |
6,397,600 |
98,459,064 |
|
Citigroup, Inc. |
1,776,770 |
91,539,190 |
|
JPMorgan Chase & Co. |
2,694,400 |
163,226,752 |
|
PNC Financial Services Group, Inc. |
272,400 |
25,398,576 |
|
Standard Chartered PLC (United Kingdom) |
1,285,698 |
20,855,280 |
|
U.S. Bancorp |
896,000 |
39,128,320 |
|
Wells Fargo & Co. |
814,030 |
44,283,232 |
|
|
482,890,414 |
||
Capital Markets - 3.4% |
|||
BlackRock, Inc. Class A |
9,800 |
3,585,232 |
|
Common Stocks - continued |
|||
Shares |
Value |
||
FINANCIALS - continued |
|||
Capital Markets - continued |
|||
Charles Schwab Corp. |
818,300 |
$ 24,909,052 |
|
Goldman Sachs Group, Inc. |
17,300 |
3,251,881 |
|
Morgan Stanley |
1,083,500 |
38,670,115 |
|
State Street Corp. |
687,200 |
50,529,816 |
|
|
120,946,096 |
||
Consumer Finance - 0.1% |
|||
Discover Financial Services |
69,700 |
3,927,595 |
|
Diversified Financial Services - 0.2% |
|||
IntercontinentalExchange Group, Inc. |
23,700 |
5,528,499 |
|
Insurance - 2.0% |
|||
American International Group, Inc. |
540,100 |
29,592,079 |
|
Marsh & McLennan Companies, Inc. |
186,280 |
10,448,445 |
|
MetLife, Inc. |
621,795 |
31,431,737 |
|
|
71,472,261 |
||
TOTAL FINANCIALS |
684,764,865 |
||
HEALTH CARE - 10.3% |
|||
Biotechnology - 1.7% |
|||
Amgen, Inc. |
296,690 |
47,425,897 |
|
Biogen, Inc. (a) |
23,600 |
9,964,864 |
|
Intercept Pharmaceuticals, Inc. (a) |
7,200 |
2,030,544 |
|
|
59,421,305 |
||
Health Care Equipment & Supplies - 1.1% |
|||
Abbott Laboratories |
403,100 |
18,675,623 |
|
Medtronic PLC |
253,613 |
19,779,278 |
|
|
38,454,901 |
||
Health Care Providers & Services - 2.5% |
|||
Express Scripts Holding Co. (a) |
422,907 |
36,695,640 |
|
McKesson Corp. |
198,700 |
44,945,940 |
|
UnitedHealth Group, Inc. |
67,648 |
8,002,082 |
|
|
89,643,662 |
||
Life Sciences Tools & Services - 0.1% |
|||
Thermo Fisher Scientific, Inc. |
39,300 |
5,279,562 |
|
Pharmaceuticals - 4.9% |
|||
AbbVie, Inc. |
31,000 |
1,814,740 |
|
Actavis PLC (a) |
38,900 |
11,577,418 |
|
GlaxoSmithKline PLC sponsored ADR |
1,065,900 |
49,191,285 |
|
Johnson & Johnson |
656,500 |
66,043,900 |
|
Common Stocks - continued |
|||
Shares |
Value |
||
HEALTH CARE - continued |
|||
Pharmaceuticals - continued |
|||
Novartis AG sponsored ADR |
97,600 |
$ 9,624,336 |
|
Teva Pharmaceutical Industries Ltd. sponsored ADR |
565,400 |
35,224,420 |
|
|
173,476,099 |
||
TOTAL HEALTH CARE |
366,275,529 |
||
INDUSTRIALS - 10.7% |
|||
Aerospace & Defense - 2.6% |
|||
Honeywell International, Inc. |
102,100 |
10,650,051 |
|
The Boeing Co. |
327,600 |
49,166,208 |
|
United Technologies Corp. |
297,800 |
34,902,160 |
|
|
94,718,419 |
||
Air Freight & Logistics - 2.1% |
|||
FedEx Corp. |
160,400 |
26,538,180 |
|
United Parcel Service, Inc. Class B |
508,700 |
49,313,378 |
|
|
75,851,558 |
||
Electrical Equipment - 0.1% |
|||
Emerson Electric Co. |
80,600 |
4,563,572 |
|
Industrial Conglomerates - 3.6% |
|||
Danaher Corp. |
126,970 |
10,779,753 |
|
General Electric Co. |
4,686,600 |
116,274,546 |
|
|
127,054,299 |
||
Machinery - 0.5% |
|||
Deere & Co. |
203,900 |
17,879,991 |
|
Road & Rail - 1.8% |
|||
CSX Corp. |
1,058,000 |
35,040,960 |
|
Norfolk Southern Corp. |
145,200 |
14,943,984 |
|
Union Pacific Corp. |
119,790 |
12,974,455 |
|
|
62,959,399 |
||
TOTAL INDUSTRIALS |
383,027,238 |
||
INFORMATION TECHNOLOGY - 24.6% |
|||
Communications Equipment - 3.6% |
|||
Cisco Systems, Inc. |
2,463,800 |
67,816,095 |
|
QUALCOMM, Inc. |
881,000 |
61,088,540 |
|
|
128,904,635 |
||
Common Stocks - continued |
|||
Shares |
Value |
||
INFORMATION TECHNOLOGY - continued |
|||
Internet Software & Services - 4.6% |
|||
Google, Inc.: |
|
|
|
Class A (a) |
113,850 |
$ 63,152,595 |
|
Class C (a) |
102,450 |
56,142,600 |
|
Twitter, Inc. (a) |
267,300 |
13,386,384 |
|
Yahoo!, Inc. (a) |
708,439 |
31,479,487 |
|
|
164,161,066 |
||
IT Services - 4.8% |
|||
Cognizant Technology Solutions Corp. Class A (a) |
528,500 |
32,973,115 |
|
IBM Corp. |
235,200 |
37,749,600 |
|
MasterCard, Inc. Class A |
585,900 |
50,615,901 |
|
Visa, Inc. Class A |
776,800 |
50,810,488 |
|
|
172,149,104 |
||
Semiconductors & Semiconductor Equipment - 1.0% |
|||
Applied Materials, Inc. |
209,925 |
4,735,908 |
|
Broadcom Corp. Class A |
704,636 |
30,507,216 |
|
|
35,243,124 |
||
Software - 5.2% |
|||
Adobe Systems, Inc. (a) |
237,000 |
17,523,780 |
|
Microsoft Corp. |
2,719,700 |
110,569,404 |
|
Oracle Corp. |
985,900 |
42,541,585 |
|
salesforce.com, Inc. (a) |
210,700 |
14,076,867 |
|
|
184,711,636 |
||
Technology Hardware, Storage & Peripherals - 5.4% |
|||
Apple, Inc. |
1,395,207 |
173,605,607 |
|
EMC Corp. |
415,300 |
10,615,068 |
|
First Data Holdings, Inc. Class B (e) |
2,429,231 |
10,810,078 |
|
|
195,030,753 |
||
TOTAL INFORMATION TECHNOLOGY |
880,200,318 |
||
MATERIALS - 2.8% |
|||
Chemicals - 2.3% |
|||
E.I. du Pont de Nemours & Co. |
299,500 |
21,405,265 |
|
LyondellBasell Industries NV Class A |
86,900 |
7,629,820 |
|
Monsanto Co. |
358,610 |
40,357,969 |
|
Syngenta AG (Switzerland) |
44,392 |
15,081,232 |
|
|
84,474,286 |
||
Common Stocks - continued |
|||
Shares |
Value |
||
MATERIALS - continued |
|||
Metals & Mining - 0.5% |
|||
Freeport-McMoRan, Inc. |
883,800 |
$ 16,748,010 |
|
TOTAL MATERIALS |
101,222,296 |
||
TELECOMMUNICATION SERVICES - 1.9% |
|||
Diversified Telecommunication Services - 1.9% |
|||
Verizon Communications, Inc. |
1,419,525 |
69,031,501 |
|
TOTAL COMMON STOCKS (Cost $2,892,251,949) |
|
||
Money Market Funds - 2.8% |
|||
|
|
|
|
Fidelity Cash Central Fund, 0.14% (b) |
27,737,203 |
27,737,203 |
|
Fidelity Securities Lending Cash Central Fund, 0.15% (b)(c) |
72,248,750 |
72,248,750 |
|
TOTAL MONEY MARKET FUNDS (Cost $99,985,953) |
|
||
TOTAL INVESTMENT PORTFOLIO - 102.2% (Cost $2,992,237,902) |
3,652,836,043 |
||
NET OTHER ASSETS (LIABILITIES) - (2.2)% |
(79,271,536) |
||
NET ASSETS - 100% |
$ 3,573,564,507 |
Legend |
(a) Non-income producing |
(b) 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. |
(c) Investment made with cash collateral received from securities on loan. |
(d) Security or a portion of the security is on loan at period end. |
(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 $10,810,078 or 0.3% of net assets. |
Additional information on each restricted holding is as follows: |
Security |
Acquisition Date |
Acquisition Cost |
First Data Holdings, Inc. Class B |
6/26/14 |
$ 9,716,924 |
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 |
$ 52,599 |
Fidelity Securities Lending Cash Central Fund |
128,034 |
Total |
$ 180,633 |
Other Information |
The following is a summary of the inputs used, as of March 31, 2015, 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. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section at the end of this listing. |
Valuation Inputs at Reporting Date: |
||||
Description |
Total |
Level 1 |
Level 2 |
Level 3 |
Investments in Securities: |
||||
Equities: |
||||
Consumer Discretionary |
$ 386,587,725 |
$ 385,522,304 |
$ 1,065,421 |
$ - |
Consumer Staples |
356,609,285 |
335,477,418 |
21,131,867 |
- |
Energy |
325,131,333 |
293,808,754 |
31,322,579 |
- |
Financials |
684,764,865 |
684,764,865 |
- |
- |
Health Care |
366,275,529 |
366,275,529 |
- |
- |
Industrials |
383,027,238 |
383,027,238 |
- |
- |
Information Technology |
880,200,318 |
869,390,240 |
- |
10,810,078 |
Materials |
101,222,296 |
86,141,064 |
15,081,232 |
- |
Telecommunication Services |
69,031,501 |
69,031,501 |
- |
- |
Money Market Funds |
99,985,953 |
99,985,953 |
- |
- |
Total Investments in Securities: |
$ 3,652,836,043 |
$ 3,573,424,866 |
$ 68,601,099 |
$ 10,810,078 |
Income Tax Information |
At March 31, 2015, the cost of investment securities for income tax purposes was $3,000,121,488. Net unrealized appreciation aggregated $652,714,555, of which $747,050,761 related to appreciated investment securities and $94,336,206 related to depreciated investment securities. |
Investment Valuation |
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 Fidelity Management & Research Company (FMR) Fair Value Committee (the Committee). 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 policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report. |
Quarterly 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. |
Quarterly Report
Quarterly Holdings Report
for
Fidelity ® Fund
March 31, 2015
1.799854.111
FID-QTLY-0515
Showing Percentage of Net Assets
Common Stocks - 97.6% |
|||
Shares |
Value (000s) |
||
CONSUMER DISCRETIONARY - 11.2% |
|||
Diversified Consumer Services - 0.1% |
|||
ServiceMaster Global Holdings, Inc. |
200,000 |
$ 6,750 |
|
Hotels, Restaurants & Leisure - 2.4% |
|||
Starbucks Corp. |
1,041,998 |
98,677 |
|
Wyndham Worldwide Corp. |
250,000 |
22,618 |
|
|
121,295 |
||
Media - 4.4% |
|||
Comcast Corp. Class A |
1,770,700 |
99,991 |
|
The Walt Disney Co. |
1,197,800 |
125,637 |
|
|
225,628 |
||
Specialty Retail - 1.9% |
|||
AutoZone, Inc. (a) |
72,300 |
49,320 |
|
TJX Companies, Inc. |
709,100 |
49,672 |
|
|
98,992 |
||
Textiles, Apparel & Luxury Goods - 2.4% |
|||
NIKE, Inc. Class B |
624,100 |
62,616 |
|
VF Corp. |
784,700 |
59,096 |
|
|
121,712 |
||
TOTAL CONSUMER DISCRETIONARY |
574,377 |
||
CONSUMER STAPLES - 5.8% |
|||
Food & Staples Retailing - 2.1% |
|||
CVS Health Corp. |
1,065,200 |
109,939 |
|
Food Products - 2.2% |
|||
Bunge Ltd. |
289,000 |
23,802 |
|
Keurig Green Mountain, Inc. |
313,900 |
35,072 |
|
Mondelez International, Inc. |
1,429,600 |
51,594 |
|
|
110,468 |
||
Personal Products - 0.8% |
|||
Estee Lauder Companies, Inc. Class A |
492,300 |
40,940 |
|
Tobacco - 0.7% |
|||
Altria Group, Inc. |
697,500 |
34,889 |
|
TOTAL CONSUMER STAPLES |
296,236 |
||
ENERGY - 5.7% |
|||
Oil, Gas & Consumable Fuels - 5.7% |
|||
Anadarko Petroleum Corp. |
460,650 |
38,146 |
|
Cheniere Energy Partners LP |
871,900 |
26,122 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
ENERGY - continued |
|||
Oil, Gas & Consumable Fuels - continued |
|||
Chevron Corp. |
500,000 |
$ 52,490 |
|
EOG Resources, Inc. |
296,400 |
27,177 |
|
EQT Midstream Partners LP |
348,700 |
27,080 |
|
Kinder Morgan, Inc. |
708,800 |
29,812 |
|
MPLX LP |
523,100 |
38,322 |
|
The Williams Companies, Inc. |
825,700 |
41,772 |
|
YPF SA Class D sponsored ADR |
500,000 |
13,725 |
|
|
294,646 |
||
FINANCIALS - 17.7% |
|||
Banks - 7.7% |
|||
Bank of America Corp. |
5,488,200 |
84,463 |
|
Citigroup, Inc. |
1,420,600 |
73,189 |
|
JPMorgan Chase & Co. |
1,513,900 |
91,712 |
|
SunTrust Banks, Inc. |
891,300 |
36,624 |
|
Wells Fargo & Co. |
1,978,367 |
107,623 |
|
|
393,611 |
||
Capital Markets - 4.1% |
|||
E*TRADE Financial Corp. (a) |
1,481,700 |
42,310 |
|
Goldman Sachs Group, Inc. |
333,400 |
62,669 |
|
Invesco Ltd. |
1,227,000 |
48,700 |
|
Morgan Stanley |
1,568,200 |
55,969 |
|
|
209,648 |
||
Diversified Financial Services - 4.2% |
|||
Berkshire Hathaway, Inc. Class B (a) |
653,900 |
94,371 |
|
McGraw Hill Financial, Inc. |
815,725 |
84,346 |
|
Moody's Corp. |
355,200 |
36,870 |
|
|
215,587 |
||
Insurance - 0.7% |
|||
American International Group, Inc. |
697,500 |
38,216 |
|
Real Estate Investment Trusts - 1.0% |
|||
American Tower Corp. |
384,100 |
36,163 |
|
Easterly Government Properties, Inc. |
893,700 |
14,344 |
|
|
50,507 |
||
TOTAL FINANCIALS |
907,569 |
||
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
HEALTH CARE - 18.7% |
|||
Biotechnology - 5.9% |
|||
Actelion Ltd. |
175,000 |
$ 20,277 |
|
Alexion Pharmaceuticals, Inc. (a) |
211,600 |
36,670 |
|
Amgen, Inc. |
521,300 |
83,330 |
|
Biogen, Inc. (a) |
200,100 |
84,490 |
|
Genmab A/S (a) |
295,000 |
22,204 |
|
Gilead Sciences, Inc. (a) |
448,800 |
44,041 |
|
Seattle Genetics, Inc. (a) |
314,300 |
11,111 |
|
|
302,123 |
||
Health Care Equipment & Supplies - 2.6% |
|||
Boston Scientific Corp. (a) |
3,262,000 |
57,901 |
|
Medtronic PLC |
784,700 |
61,199 |
|
NxStage Medical, Inc. (a) |
871,900 |
15,084 |
|
|
134,184 |
||
Health Care Providers & Services - 1.2% |
|||
McKesson Corp. |
261,600 |
59,174 |
|
Life Sciences Tools & Services - 1.7% |
|||
Illumina, Inc. (a) |
132,364 |
24,572 |
|
Thermo Fisher Scientific, Inc. |
457,700 |
61,487 |
|
|
86,059 |
||
Pharmaceuticals - 7.3% |
|||
Actavis PLC (a) |
276,900 |
82,411 |
|
Endo Health Solutions, Inc. (a) |
350,000 |
31,395 |
|
Jazz Pharmaceuticals PLC (a) |
1,400 |
242 |
|
Johnson & Johnson |
1,177,000 |
118,406 |
|
Mallinckrodt PLC (a) |
360,900 |
45,708 |
|
Shire PLC sponsored ADR |
191,800 |
45,896 |
|
Teva Pharmaceutical Industries Ltd. sponsored ADR |
653,900 |
40,738 |
|
Theravance, Inc. (d) |
746,233 |
11,731 |
|
|
376,527 |
||
TOTAL HEALTH CARE |
958,067 |
||
INDUSTRIALS - 9.4% |
|||
Aerospace & Defense - 3.3% |
|||
Honeywell International, Inc. |
570,400 |
59,498 |
|
Huntington Ingalls Industries, Inc. |
335,500 |
47,020 |
|
Textron, Inc. |
1,446,100 |
64,106 |
|
|
170,624 |
||
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
INDUSTRIALS - continued |
|||
Airlines - 1.5% |
|||
American Airlines Group, Inc. |
980,900 |
$ 51,772 |
|
Delta Air Lines, Inc. |
610,300 |
27,439 |
|
|
79,211 |
||
Industrial Conglomerates - 1.0% |
|||
Danaher Corp. |
603,200 |
51,212 |
|
Machinery - 2.0% |
|||
Cummins, Inc. |
164,800 |
22,848 |
|
Deere & Co. |
544,900 |
47,782 |
|
Manitowoc Co., Inc. (d) |
1,361,400 |
29,352 |
|
|
99,982 |
||
Road & Rail - 1.6% |
|||
Union Pacific Corp. |
738,400 |
79,976 |
|
TOTAL INDUSTRIALS |
481,005 |
||
INFORMATION TECHNOLOGY - 22.5% |
|||
Communications Equipment - 0.5% |
|||
Brocade Communications Systems, Inc. |
2,118,100 |
25,131 |
|
Electronic Equipment & Components - 2.9% |
|||
Amphenol Corp. Class A |
2,066,776 |
121,795 |
|
TE Connectivity Ltd. |
400,000 |
28,648 |
|
|
150,443 |
||
Internet Software & Services - 5.6% |
|||
Alibaba Group Holding Ltd. sponsored ADR |
225,500 |
18,771 |
|
Facebook, Inc. Class A (a) |
1,364,200 |
112,158 |
|
Google, Inc.: |
|
|
|
Class A (a) |
130,600 |
72,444 |
|
Class C (a) |
155,600 |
85,269 |
|
|
288,642 |
||
IT Services - 3.5% |
|||
Fidelity National Information Services, Inc. |
750,400 |
51,072 |
|
MasterCard, Inc. Class A |
685,300 |
59,203 |
|
Visa, Inc. Class A |
1,046,400 |
68,445 |
|
|
178,720 |
||
Semiconductors & Semiconductor Equipment - 2.3% |
|||
Applied Materials, Inc. |
1,574,500 |
35,521 |
|
Freescale Semiconductor, Inc. (a) |
823,685 |
33,573 |
|
NXP Semiconductors NV (a) |
508,198 |
51,003 |
|
|
120,097 |
||
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
INFORMATION TECHNOLOGY - continued |
|||
Software - 1.9% |
|||
Adobe Systems, Inc. (a) |
1,024,400 |
$ 75,744 |
|
salesforce.com, Inc. (a) |
325,000 |
21,713 |
|
|
97,457 |
||
Technology Hardware, Storage & Peripherals - 5.8% |
|||
Apple, Inc. |
2,008,900 |
249,967 |
|
Samsung Electronics Co. Ltd. |
34,725 |
45,123 |
|
|
295,090 |
||
TOTAL INFORMATION TECHNOLOGY |
1,155,580 |
||
MATERIALS - 6.6% |
|||
Chemicals - 5.6% |
|||
Agrium, Inc. |
261,600 |
27,264 |
|
Airgas, Inc. |
315,200 |
33,446 |
|
CF Industries Holdings, Inc. |
174,400 |
49,474 |
|
E.I. du Pont de Nemours & Co. |
566,700 |
40,502 |
|
Ecolab, Inc. |
377,500 |
43,178 |
|
LyondellBasell Industries NV Class A |
333,100 |
29,246 |
|
Monsanto Co. |
553,500 |
62,291 |
|
|
285,401 |
||
Construction Materials - 1.0% |
|||
Martin Marietta Materials, Inc. |
154,300 |
21,571 |
|
Vulcan Materials Co. |
362,299 |
30,542 |
|
|
52,113 |
||
TOTAL MATERIALS |
337,514 |
||
TOTAL COMMON STOCKS (Cost $3,660,595) |
|
U.S. Treasury Obligations - 0.1% |
||||
|
Principal Amount (000s) |
|
||
U.S. Treasury Bills, yield at date of purchase 0.01% to 0.03% 4/16/15 to 6/25/15 (e) |
|
$ 6,090 |
|
Money Market Funds - 3.3% |
|||
Shares |
Value (000s) |
||
Fidelity Cash Central Fund, 0.14% (b) |
153,635,955 |
$ 153,636 |
|
Fidelity Securities Lending Cash Central Fund, 0.15% (b)(c) |
15,096,700 |
15,097 |
|
TOTAL MONEY MARKET FUNDS (Cost $168,733) |
|
||
TOTAL INVESTMENT PORTFOLIO - 101.0% (Cost $3,835,418) |
5,179,817 |
||
NET OTHER ASSETS (LIABILITIES) - (1.0)% |
(51,943) |
||
NET ASSETS - 100% |
$ 5,127,874 |
Futures Contracts |
|||||
|
Expiration Date |
Underlying Face Amount at Value (000s) |
Unrealized |
||
Purchased |
|||||
Equity Index Contracts |
|||||
939 CME E-mini S&P 500 Index Contracts (United States) |
June 2015 |
$ 96,755 |
$ 291 |
|
The face value of futures purchased as a percentage of net assets is 1.9% |
Legend |
(a) Non-income producing |
(b) 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. |
(c) Investment made with cash collateral received from securities on loan. |
(d) Security or a portion of the security is on loan at period end. |
(e) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $4,556,000. |
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 |
$ 103 |
Fidelity Securities Lending Cash Central Fund |
948 |
Total |
$ 1,051 |
Other Information |
The following is a summary of the inputs used, as of March 31, 2015, 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. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section at the end of this listing. |
Valuation Inputs at Reporting Date: |
||||
Description |
Total |
Level 1 |
Level 2 |
Level 3 |
Investments in Securities: |
||||
Equities: |
||||
Consumer Discretionary |
$ 574,377 |
$ 574,377 |
$ - |
$ - |
Consumer Staples |
296,236 |
296,236 |
- |
- |
Energy |
294,646 |
294,646 |
- |
- |
Financials |
907,569 |
907,569 |
- |
- |
Health Care |
958,067 |
958,067 |
- |
- |
Industrials |
481,005 |
481,005 |
- |
- |
Information Technology |
1,155,580 |
1,155,580 |
- |
- |
Materials |
337,514 |
337,514 |
- |
- |
U.S. Government and Government Agency Obligations |
6,090 |
- |
6,090 |
- |
Money Market Funds |
168,733 |
168,733 |
- |
- |
Total Investments in Securities: |
$ 5,179,817 |
$ 5,173,727 |
$ 6,090 |
$ - |
Derivative Instruments: |
||||
Assets |
||||
Futures Contracts |
$ 291 |
$ 291 |
$ - |
$ - |
Income Tax Information |
At March 31, 2015, the cost of investment securities for income tax purposes was $3,839,821,000. Net unrealized appreciation aggregated $1,339,996,000, of which $1,383,747,000 related to appreciated investment securities and $43,751,000 related to depreciated investment securities. |
Investment Valuation |
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 Fidelity Management & Research Company (FMR) Fair Value Committee (the Committee). 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. U.S. government and government agency obligations 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. |
Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded 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 policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report. |
Quarterly 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. |
Quarterly Report
Quarterly Holdings Report
for
Fidelity ® Growth Discovery Fund
March 31, 2015
1.799853.111
CII-QTLY-0515
Showing Percentage of Net Assets
Common Stocks - 96.6% |
|||
Shares |
Value (000s) |
||
CONSUMER DISCRETIONARY - 14.1% |
|||
Automobiles - 1.6% |
|||
Harley-Davidson, Inc. |
199,994 |
$ 12,148 |
|
Tesla Motors, Inc. (a)(d) |
43,010 |
8,119 |
|
|
20,267 |
||
Distributors - 0.2% |
|||
LKQ Corp. (a) |
109,400 |
2,796 |
|
Diversified Consumer Services - 1.1% |
|||
Bright Horizons Family Solutions, Inc. (a) |
73,200 |
3,753 |
|
G8 Education Ltd. |
294,831 |
755 |
|
H&R Block, Inc. |
94,188 |
3,021 |
|
Houghton Mifflin Harcourt Co. (a) |
96,000 |
2,254 |
|
ServiceMaster Global Holdings, Inc. |
118,700 |
4,006 |
|
|
13,789 |
||
Hotels, Restaurants & Leisure - 3.7% |
|||
Chipotle Mexican Grill, Inc. (a) |
10,821 |
7,039 |
|
Domino's Pizza, Inc. |
76,500 |
7,692 |
|
Dunkin' Brands Group, Inc. (d) |
89,569 |
4,260 |
|
Starbucks Corp. |
228,526 |
21,641 |
|
Yum! Brands, Inc. |
87,437 |
6,883 |
|
|
47,515 |
||
Household Durables - 0.6% |
|||
Harman International Industries, Inc. |
36,000 |
4,811 |
|
Toll Brothers, Inc. (a) |
88,600 |
3,486 |
|
|
8,297 |
||
Internet & Catalog Retail - 0.4% |
|||
Amazon.com, Inc. (a) |
15,300 |
5,693 |
|
Leisure Products - 0.0% |
|||
NJOY, Inc. (f) |
56,145 |
453 |
|
Media - 1.1% |
|||
Comcast Corp. Class A (special) (non-vtg.) |
255,543 |
14,327 |
|
Specialty Retail - 3.7% |
|||
Five Below, Inc. (a) |
87,800 |
3,123 |
|
Home Depot, Inc. |
207,824 |
23,611 |
|
Lowe's Companies, Inc. |
66,900 |
4,977 |
|
MarineMax, Inc. (a) |
76,900 |
2,039 |
|
Ulta Salon, Cosmetics & Fragrance, Inc. (a) |
96,504 |
14,558 |
|
|
48,308 |
||
Textiles, Apparel & Luxury Goods - 1.7% |
|||
ECLAT Textile Co. Ltd. |
11,436 |
151 |
|
Kate Spade & Co. (a) |
260,470 |
8,697 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
CONSUMER DISCRETIONARY - continued |
|||
Textiles, Apparel & Luxury Goods - continued |
|||
Michael Kors Holdings Ltd. (a) |
27,200 |
$ 1,788 |
|
NIKE, Inc. Class B |
109,267 |
10,963 |
|
|
21,599 |
||
TOTAL CONSUMER DISCRETIONARY |
183,044 |
||
CONSUMER STAPLES - 7.6% |
|||
Beverages - 1.0% |
|||
Kweichow Moutai Co. Ltd. |
26,209 |
828 |
|
SABMiller PLC |
120,224 |
6,313 |
|
The Coca-Cola Co. |
136,336 |
5,528 |
|
|
12,669 |
||
Food & Staples Retailing - 0.6% |
|||
Sprouts Farmers Market LLC (a) |
44,800 |
1,578 |
|
Whole Foods Market, Inc. |
105,351 |
5,487 |
|
|
7,065 |
||
Food Products - 3.5% |
|||
Keurig Green Mountain, Inc. |
264,772 |
29,583 |
|
Mead Johnson Nutrition Co. Class A |
84,329 |
8,478 |
|
The Hershey Co. |
69,997 |
7,063 |
|
|
45,124 |
||
Household Products - 1.6% |
|||
Procter & Gamble Co. |
256,686 |
21,033 |
|
Personal Products - 0.9% |
|||
Estee Lauder Companies, Inc. Class A |
44,900 |
3,734 |
|
Herbalife Ltd. (d) |
190,633 |
8,151 |
|
|
11,885 |
||
TOTAL CONSUMER STAPLES |
97,776 |
||
ENERGY - 1.5% |
|||
Energy Equipment & Services - 0.5% |
|||
Oceaneering International, Inc. |
47,256 |
2,549 |
|
Pason Systems, Inc. |
131,406 |
2,071 |
|
RigNet, Inc. (a) |
54,761 |
1,566 |
|
|
6,186 |
||
Oil, Gas & Consumable Fuels - 1.0% |
|||
Cheniere Energy, Inc. (a) |
68,400 |
5,294 |
|
Emerge Energy Services LP |
12,600 |
598 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
ENERGY - continued |
|||
Oil, Gas & Consumable Fuels - continued |
|||
EOG Resources, Inc. |
23,100 |
$ 2,118 |
|
Golar LNG Ltd. |
155,961 |
5,190 |
|
Tanker Investments Ltd. (a) |
27,900 |
305 |
|
Teekay Tankers Ltd. |
59,502 |
342 |
|
|
13,847 |
||
TOTAL ENERGY |
20,033 |
||
FINANCIALS - 9.3% |
|||
Banks - 1.8% |
|||
First Republic Bank |
129,900 |
7,416 |
|
HDFC Bank Ltd. |
31,265 |
604 |
|
HDFC Bank Ltd. sponsored ADR |
257,455 |
15,162 |
|
|
23,182 |
||
Capital Markets - 5.3% |
|||
BlackRock, Inc. Class A |
31,494 |
11,522 |
|
E*TRADE Financial Corp. (a) |
401,459 |
11,464 |
|
HFF, Inc. |
12,700 |
477 |
|
Invesco Ltd. |
279,284 |
11,085 |
|
JMP Group, Inc. |
64,700 |
542 |
|
The Blackstone Group LP |
718,619 |
27,947 |
|
Virtus Investment Partners, Inc. |
45,400 |
5,937 |
|
|
68,974 |
||
Consumer Finance - 0.2% |
|||
American Express Co. |
26,084 |
2,038 |
|
Diversified Financial Services - 1.1% |
|||
Berkshire Hathaway, Inc. Class B (a) |
23,600 |
3,406 |
|
McGraw Hill Financial, Inc. |
104,512 |
10,807 |
|
|
14,213 |
||
Real Estate Management & Development - 0.7% |
|||
Leopalace21 Corp. (a) |
73,800 |
386 |
|
Realogy Holdings Corp. (a) |
199,481 |
9,072 |
|
|
9,458 |
||
Thrifts & Mortgage Finance - 0.2% |
|||
Essent Group Ltd. (a) |
87,800 |
2,099 |
|
TOTAL FINANCIALS |
119,964 |
||
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
HEALTH CARE - 20.1% |
|||
Biotechnology - 13.1% |
|||
Acceleron Pharma, Inc. (a) |
48,400 |
$ 1,842 |
|
Actelion Ltd. |
17,384 |
2,014 |
|
Alexion Pharmaceuticals, Inc. (a) |
52,594 |
9,115 |
|
Amgen, Inc. |
83,400 |
13,331 |
|
Biogen, Inc. (a) |
59,679 |
25,199 |
|
BioMarin Pharmaceutical, Inc. (a) |
89,996 |
11,215 |
|
Celgene Corp. (a) |
26,200 |
3,020 |
|
Cytokinetics, Inc. warrants 6/25/17 (a) |
288,420 |
127 |
|
Enanta Pharmaceuticals, Inc. (a)(d) |
49,809 |
1,525 |
|
Gilead Sciences, Inc. (a) |
669,463 |
65,694 |
|
Insmed, Inc. (a) |
342,678 |
7,128 |
|
Medivation, Inc. (a) |
71,800 |
9,267 |
|
Ophthotech Corp. (a) |
48,445 |
2,254 |
|
Pfenex, Inc. (a) |
107,100 |
1,707 |
|
Puma Biotechnology, Inc. (a) |
14,700 |
3,471 |
|
Vertex Pharmaceuticals, Inc. (a) |
101,400 |
11,962 |
|
|
168,871 |
||
Health Care Equipment & Supplies - 0.5% |
|||
Medtronic PLC |
42,700 |
3,330 |
|
Novadaq Technologies, Inc. (a) |
194,800 |
3,164 |
|
|
6,494 |
||
Health Care Providers & Services - 0.2% |
|||
Apollo Hospitals Enterprise Ltd. (a) |
119,708 |
2,632 |
|
Health Care Technology - 0.2% |
|||
Cerner Corp. (a) |
35,913 |
2,631 |
|
Life Sciences Tools & Services - 0.8% |
|||
Illumina, Inc. (a) |
57,526 |
10,679 |
|
Pharmaceuticals - 5.3% |
|||
Actavis PLC (a) |
108,377 |
32,255 |
|
Astellas Pharma, Inc. |
1,034,200 |
16,945 |
|
Perrigo Co. PLC |
40,432 |
6,694 |
|
Shire PLC |
130,900 |
10,436 |
|
Teva Pharmaceutical Industries Ltd. sponsored ADR |
32,900 |
2,050 |
|
|
68,380 |
||
TOTAL HEALTH CARE |
259,687 |
||
INDUSTRIALS - 11.9% |
|||
Aerospace & Defense - 3.5% |
|||
Textron, Inc. |
186,900 |
8,285 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
INDUSTRIALS - continued |
|||
Aerospace & Defense - continued |
|||
TransDigm Group, Inc. |
54,527 |
$ 11,926 |
|
United Technologies Corp. |
208,412 |
24,426 |
|
|
44,637 |
||
Airlines - 0.5% |
|||
Ryanair Holdings PLC sponsored ADR |
91,353 |
6,100 |
|
Building Products - 1.2% |
|||
A.O. Smith Corp. |
143,444 |
9,419 |
|
Caesarstone Sdot-Yam Ltd. |
108,300 |
6,575 |
|
|
15,994 |
||
Construction & Engineering - 0.5% |
|||
Jacobs Engineering Group, Inc. (a) |
157,291 |
7,103 |
|
Electrical Equipment - 0.5% |
|||
AMETEK, Inc. |
88,945 |
4,673 |
|
Power Solutions International, Inc. (a)(d) |
34,221 |
2,200 |
|
|
6,873 |
||
Industrial Conglomerates - 2.7% |
|||
Danaher Corp. |
300,255 |
25,492 |
|
Roper Industries, Inc. |
53,114 |
9,136 |
|
|
34,628 |
||
Machinery - 0.8% |
|||
Allison Transmission Holdings, Inc. |
80,500 |
2,571 |
|
Manitowoc Co., Inc. |
285,047 |
6,146 |
|
Sarine Technologies Ltd. |
564,000 |
1,122 |
|
Sun Hydraulics Corp. |
14,500 |
600 |
|
|
10,439 |
||
Professional Services - 1.5% |
|||
Corporate Executive Board Co. |
53,600 |
4,280 |
|
On Assignment, Inc. (a) |
24,306 |
933 |
|
Resources Connection, Inc. |
67,400 |
1,180 |
|
Robert Half International, Inc. |
74,000 |
4,478 |
|
Verisk Analytics, Inc. (a) |
70,367 |
5,024 |
|
WageWorks, Inc. (a) |
61,473 |
3,278 |
|
|
19,173 |
||
Road & Rail - 0.6% |
|||
J.B. Hunt Transport Services, Inc. |
94,000 |
8,027 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
INDUSTRIALS - continued |
|||
Trading Companies & Distributors - 0.1% |
|||
Summit Ascent Holdings Ltd. (a) |
2,470,000 |
$ 1,319 |
|
TOTAL INDUSTRIALS |
154,293 |
||
INFORMATION TECHNOLOGY - 30.8% |
|||
Communications Equipment - 0.4% |
|||
QUALCOMM, Inc. |
74,600 |
5,173 |
|
Electronic Equipment & Components - 0.8% |
|||
TE Connectivity Ltd. |
145,463 |
10,418 |
|
Internet Software & Services - 11.6% |
|||
Cvent, Inc. (a)(d) |
151,731 |
4,255 |
|
Facebook, Inc. Class A (a) |
1,395,991 |
114,769 |
|
Google, Inc. Class A (a) |
36,552 |
20,275 |
|
Textura Corp. (a)(d) |
286,739 |
7,794 |
|
Twitter, Inc. (a) |
45,900 |
2,299 |
|
|
149,392 |
||
IT Services - 2.1% |
|||
Cognizant Technology Solutions Corp. Class A (a) |
74,900 |
4,673 |
|
Gartner, Inc. Class A (a) |
72,518 |
6,081 |
|
Virtusa Corp. (a) |
22,435 |
928 |
|
Visa, Inc. Class A |
242,096 |
15,835 |
|
|
27,517 |
||
Semiconductors & Semiconductor Equipment - 2.9% |
|||
Cirrus Logic, Inc. (a) |
33,200 |
1,104 |
|
Marvell Technology Group Ltd. |
413,000 |
6,071 |
|
Maxim Integrated Products, Inc. |
439,400 |
15,296 |
|
Monolithic Power Systems, Inc. |
71,318 |
3,755 |
|
Qorvo, Inc. (a) |
88,800 |
7,077 |
|
Skyworks Solutions, Inc. |
46,700 |
4,590 |
|
|
37,893 |
||
Software - 6.3% |
|||
Activision Blizzard, Inc. |
113,287 |
2,574 |
|
Adobe Systems, Inc. (a) |
88,100 |
6,514 |
|
Computer Modelling Group Ltd. |
276,400 |
2,776 |
|
Electronic Arts, Inc. (a) |
303,534 |
17,852 |
|
Fleetmatics Group PLC (a) |
47,100 |
2,112 |
|
Red Hat, Inc. (a) |
91,000 |
6,893 |
|
salesforce.com, Inc. (a) |
363,864 |
24,310 |
|
ServiceNow, Inc. (a) |
41,400 |
3,261 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
INFORMATION TECHNOLOGY - continued |
|||
Software - continued |
|||
SolarWinds, Inc. (a) |
214,306 |
$ 10,981 |
|
SS&C Technologies Holdings, Inc. |
54,620 |
3,403 |
|
|
80,676 |
||
Technology Hardware, Storage & Peripherals - 6.7% |
|||
Apple, Inc. |
699,246 |
87,007 |
|
TOTAL INFORMATION TECHNOLOGY |
398,076 |
||
MATERIALS - 1.3% |
|||
Chemicals - 1.0% |
|||
Potash Corp. of Saskatchewan, Inc. |
129,900 |
4,188 |
|
Sherwin-Williams Co. |
27,995 |
7,965 |
|
|
12,153 |
||
Construction Materials - 0.3% |
|||
Eagle Materials, Inc. |
13,598 |
1,136 |
|
James Hardie Industries PLC sponsored ADR |
52,527 |
3,038 |
|
|
4,174 |
||
TOTAL MATERIALS |
16,327 |
||
TOTAL COMMON STOCKS (Cost $925,258) |
|
||
Convertible Preferred Stocks - 0.7% |
|||
|
|
|
|
CONSUMER DISCRETIONARY - 0.2% |
|||
Household Durables - 0.2% |
|||
Blu Homes, Inc. Series A, 5.00% (a)(f) |
239,736 |
1,908 |
|
INFORMATION TECHNOLOGY - 0.5% |
|||
Internet Software & Services - 0.4% |
|||
Uber Technologies, Inc. Series D, 8.00% (f) |
162,572 |
5,417 |
|
IT Services - 0.1% |
|||
AppNexus, Inc. Series E (f) |
48,212 |
1,378 |
|
TOTAL INFORMATION TECHNOLOGY |
6,795 |
||
TOTAL CONVERTIBLE PREFERRED STOCKS (Cost $4,596) |
|
U.S. Treasury Obligations - 0.0% |
||||
|
Principal Amount (000s) |
Value (000s) |
||
U.S. Treasury Bills, yield at date of purchase 0.01% to 0.02% 4/16/15 to 5/14/15 (e) |
|
$ 530 |
$ 530 |
Money Market Funds - 4.1% |
|||
Shares |
|
||
Fidelity Cash Central Fund, 0.14% (b) |
33,947,671 |
33,948 |
|
Fidelity Securities Lending Cash Central Fund, 0.15% (b)(c) |
18,433,533 |
18,434 |
|
TOTAL MONEY MARKET FUNDS (Cost $52,382) |
|
||
TOTAL INVESTMENT PORTFOLIO - 101.4% (Cost $982,766) |
1,310,815 |
||
NET OTHER ASSETS (LIABILITIES) - (1.4)% |
(17,880) |
||
NET ASSETS - 100% |
$ 1,292,935 |
Futures Contracts |
|||||
|
Expiration Date |
Underlying Face Amount at Value (000s) |
Unrealized Appreciation/ |
||
Purchased |
|||||
Equity Index Contracts |
|||||
168 ICE Russell 1000 Growth Index Contracts (United States) |
June 2015 |
$ 16,672 |
$ 62 |
||
12 ICE Russell 2000 Index Contracts (United States) |
June 2015 |
1,499 |
21 |
||
TOTAL EQUITY INDEX CONTRACTS |
$ 18,171 |
$ 83 |
|
The face value of futures purchased as a percentage of net assets is 1.4% |
Legend |
(a) Non-income producing |
(b) 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. |
(c) Investment made with cash collateral received from securities on loan. |
(d) Security or a portion of the security is on loan at period end. |
(e) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $530,000. |
(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 $9,156,000 or 0.7% of net assets. |
Additional information on each restricted holding is as follows: |
Security |
Acquisition Date |
Acquisition Cost (000s) |
AppNexus, Inc. Series E |
8/1/14 |
$ 966 |
Blu Homes, Inc. Series A, 5.00% |
6/21/13 |
$ 1,108 |
NJOY, Inc. |
9/11/13 |
$ 454 |
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 |
Fidelity Cash Central Fund |
$ 45 |
Fidelity Securities Lending Cash Central Fund |
777 |
Total |
$ 822 |
Other Information |
The following is a summary of the inputs used, as of March 31, 2015, 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. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section at the end of this listing. |
Valuation Inputs at Reporting Date: |
||||
Description |
Total |
Level 1 |
Level 2 |
Level 3 |
Investments in Securities: |
||||
Equities: |
||||
Consumer Discretionary |
$ 184,952 |
$ 182,591 |
$ - |
$ 2,361 |
Consumer Staples |
97,776 |
97,776 |
- |
- |
Energy |
20,033 |
20,033 |
- |
- |
Financials |
119,964 |
118,974 |
990 |
- |
Health Care |
259,687 |
232,179 |
27,508 |
- |
Industrials |
154,293 |
154,293 |
- |
- |
Information Technology |
404,871 |
398,076 |
- |
6,795 |
Materials |
16,327 |
16,327 |
- |
- |
U.S. Government and Government Agency Obligations |
530 |
- |
530 |
- |
Money Market Funds |
52,382 |
52,382 |
- |
- |
Total Investments in Securities: |
$ 1,310,815 |
$ 1,272,631 |
$ 29,028 |
$ 9,156 |
Derivative Instruments: |
||||
Assets |
||||
Futures Contracts |
$ 83 |
$ 83 |
$ - |
$ - |
Income Tax Information |
At March 31, 2015, the cost of investment securities for income tax purposes was $984,577,000. Net unrealized appreciation aggregated $326,238,000, of which $349,697,000 related to appreciated investment securities and $23,459,000 related to depreciated investment securities. |
Investment Valuation |
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 Fidelity Management & Research Company (FMR) Fair Value Committee (the Committee). 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 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. U.S. government and government agency obligations are valued by pricing vendors who utilize matrix pricing which considers prepayment speed assumptions, attributes of the collateral, 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. |
Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded 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 policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report. |
Quarterly 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. |
Quarterly Report
Quarterly Holdings Report
for
Fidelity ® Fifty
March 31, 2015
1.799847.111
FIF-QTLY-0515
Showing Percentage of Net Assets
Common Stocks - 98.4% |
|||
Shares |
Value |
||
CONSUMER DISCRETIONARY - 9.7% |
|||
Automobiles - 1.9% |
|||
Ford Motor Co. |
493,000 |
$ 7,957,020 |
|
General Motors Co. |
160,000 |
6,000,000 |
|
|
13,957,020 |
||
Household Durables - 1.7% |
|||
PulteGroup, Inc. |
113,000 |
2,511,990 |
|
Whirlpool Corp. |
49,000 |
9,900,940 |
|
|
12,412,930 |
||
Internet & Catalog Retail - 1.5% |
|||
Amazon.com, Inc. (a) |
30,000 |
11,163,000 |
|
Media - 1.5% |
|||
The Walt Disney Co. |
110,000 |
11,537,900 |
|
Specialty Retail - 3.1% |
|||
Home Depot, Inc. |
89,000 |
10,111,290 |
|
Ross Stores, Inc. |
125,000 |
13,170,000 |
|
|
23,281,290 |
||
TOTAL CONSUMER DISCRETIONARY |
72,352,140 |
||
CONSUMER STAPLES - 9.2% |
|||
Beverages - 2.6% |
|||
Anheuser-Busch InBev SA NV ADR (d) |
70,000 |
8,533,700 |
|
Constellation Brands, Inc. Class A (sub. vtg.) (a) |
98,000 |
11,388,580 |
|
|
19,922,280 |
||
Food & Staples Retailing - 6.6% |
|||
CVS Health Corp. |
399,000 |
41,180,790 |
|
Walgreens Boots Alliance, Inc. |
95,800 |
8,112,344 |
|
|
49,293,134 |
||
TOTAL CONSUMER STAPLES |
69,215,414 |
||
ENERGY - 4.0% |
|||
Oil, Gas & Consumable Fuels - 4.0% |
|||
Cabot Oil & Gas Corp. |
59,300 |
1,751,129 |
|
Denbury Resources, Inc. (d) |
1,078,400 |
7,861,536 |
|
Marathon Petroleum Corp. |
195,000 |
19,966,050 |
|
|
29,578,715 |
||
Common Stocks - continued |
|||
Shares |
Value |
||
FINANCIALS - 15.4% |
|||
Banks - 2.3% |
|||
Wells Fargo & Co. |
314,000 |
$ 17,081,600 |
|
Capital Markets - 4.9% |
|||
Ameriprise Financial, Inc. |
279,200 |
36,530,528 |
|
Diversified Financial Services - 8.2% |
|||
McGraw Hill Financial, Inc. |
469,000 |
48,494,599 |
|
Moody's Corp. |
128,000 |
13,286,400 |
|
|
61,780,999 |
||
TOTAL FINANCIALS |
115,393,127 |
||
HEALTH CARE - 28.3% |
|||
Biotechnology - 13.4% |
|||
Amgen, Inc. |
101,000 |
16,144,850 |
|
Biogen, Inc. (a) |
35,000 |
14,778,400 |
|
Celgene Corp. (a) |
166,000 |
19,136,480 |
|
Gilead Sciences, Inc. (a) |
361,000 |
35,424,930 |
|
Intercept Pharmaceuticals, Inc. (a)(d) |
36,077 |
10,174,436 |
|
Intrexon Corp. (a) |
100,000 |
4,537,000 |
|
|
100,196,096 |
||
Health Care Equipment & Supplies - 4.5% |
|||
Medtronic PLC |
238,000 |
18,561,620 |
|
The Cooper Companies, Inc. |
80,327 |
15,054,886 |
|
|
33,616,506 |
||
Health Care Providers & Services - 3.1% |
|||
UnitedHealth Group, Inc. |
196,000 |
23,184,840 |
|
Life Sciences Tools & Services - 0.1% |
|||
Illumina, Inc. (a) |
4,700 |
872,508 |
|
Pharmaceuticals - 7.2% |
|||
Actavis PLC (a) |
123,220 |
36,672,736 |
|
Prestige Brands Holdings, Inc. (a) |
406,000 |
17,413,340 |
|
|
54,086,076 |
||
TOTAL HEALTH CARE |
211,956,026 |
||
INDUSTRIALS - 3.5% |
|||
Airlines - 3.5% |
|||
American Airlines Group, Inc. |
262,000 |
13,828,360 |
|
Common Stocks - continued |
|||
Shares |
Value |
||
INDUSTRIALS - continued |
|||
Airlines - continued |
|||
Delta Air Lines, Inc. |
73,000 |
$ 3,282,080 |
|
Spirit Airlines, Inc. (a) |
112,807 |
8,726,750 |
|
|
25,837,190 |
||
INFORMATION TECHNOLOGY - 24.0% |
|||
Electronic Equipment & Components - 5.0% |
|||
TE Connectivity Ltd. |
138,000 |
9,883,560 |
|
Zebra Technologies Corp. Class A (a) |
300,000 |
27,214,500 |
|
|
37,098,060 |
||
Internet Software & Services - 5.7% |
|||
Alibaba Group Holding Ltd. sponsored ADR |
4,100 |
341,284 |
|
Facebook, Inc. Class A (a) |
181,400 |
14,913,801 |
|
Google, Inc. Class A (a) |
33,200 |
18,416,040 |
|
Twitter, Inc. (a) |
181,000 |
9,064,480 |
|
|
42,735,605 |
||
IT Services - 2.8% |
|||
MasterCard, Inc. Class A |
109,000 |
9,416,510 |
|
Visa, Inc. Class A |
179,000 |
11,708,390 |
|
|
21,124,900 |
||
Semiconductors & Semiconductor Equipment - 3.4% |
|||
NXP Semiconductors NV (a) |
204,000 |
20,473,440 |
|
Skyworks Solutions, Inc. |
49,000 |
4,816,210 |
|
|
25,289,650 |
||
Software - 7.1% |
|||
Adobe Systems, Inc. (a) |
514,025 |
38,007,009 |
|
Intuit, Inc. |
156,000 |
15,125,760 |
|
|
53,132,769 |
||
TOTAL INFORMATION TECHNOLOGY |
179,380,984 |
||
MATERIALS - 0.6% |
|||
Chemicals - 0.6% |
|||
Ecolab, Inc. |
40,000 |
4,575,200 |
|
UTILITIES - 3.7% |
|||
Independent Power and Renewable Electricity Producers - 1.1% |
|||
Dynegy, Inc. (a) |
272,484 |
8,564,172 |
|
Common Stocks - continued |
|||
Shares |
Value |
||
UTILITIES - continued |
|||
Multi-Utilities - 2.6% |
|||
NiSource, Inc. |
433,000 |
$ 19,121,280 |
|
TOTAL UTILITIES |
27,685,452 |
||
TOTAL COMMON STOCKS (Cost $661,694,907) |
|
||
Nonconvertible Preferred Stocks - 0.9% |
|||
|
|
|
|
CONSUMER DISCRETIONARY - 0.9% |
|||
Automobiles - 0.9% |
|||
Volkswagen AG (Cost $6,402,064) |
25,000 |
6,662,518 |
|
Money Market Funds - 3.0% |
|||
|
|
|
|
Fidelity Cash Central Fund, 0.14% (b) |
7,528,859 |
7,528,859 |
|
Fidelity Securities Lending Cash Central Fund, 0.15% (b)(c) |
14,849,525 |
14,849,525 |
|
TOTAL MONEY MARKET FUNDS (Cost $22,378,384) |
|
||
TOTAL INVESTMENT PORTFOLIO - 102.3% (Cost $690,475,355) |
765,015,150 |
||
NET OTHER ASSETS (LIABILITIES) - (2.3)% |
(16,989,588) |
||
NET ASSETS - 100% |
$ 748,025,562 |
Legend |
(a) Non-income producing |
(b) 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. |
(c) Investment made with cash collateral received from securities on loan. |
(d) Security or a portion of the security is on loan at period end. |
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 |
$ 17,818 |
Fidelity Securities Lending Cash Central Fund |
5,190 |
Total |
$ 23,008 |
Other Information |
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. For more information on valuation inputs, please refer to the Investment Valuation section at the end of this listing. |
Income Tax Information |
At March 31, 2015, the cost of investment securities for income tax purposes was $691,145,030. Net unrealized appreciation aggregated $73,870,120, of which $82,228,522 related to appreciated investment securities and $8,358,402 related to depreciated investment securities. |
Investment Valuation |
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 Fidelity Management & Research Company (FMR) Fair Value Committee (the Committee). 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 policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report. |
Quarterly 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. |
Quarterly Report
Quarterly Holdings Report
for
Fidelity ® Series Growth
& Income Fund
March 31, 2015
1.951036.102
MHT-QTLY-0515
Showing Percentage of Net Assets
Common Stocks - 98.3% |
|||
Shares |
Value |
||
CONSUMER DISCRETIONARY - 10.2% |
|||
Automobiles - 0.1% |
|||
Harley-Davidson, Inc. |
163,274 |
$ 9,917,263 |
|
Diversified Consumer Services - 0.4% |
|||
H&R Block, Inc. |
1,121,675 |
35,972,117 |
|
Hotels, Restaurants & Leisure - 1.4% |
|||
Darden Restaurants, Inc. |
185,455 |
12,859,450 |
|
Domino's Pizza, Inc. |
62,400 |
6,274,320 |
|
Interval Leisure Group, Inc. |
300,700 |
7,881,347 |
|
Las Vegas Sands Corp. |
507,000 |
27,905,280 |
|
Yum! Brands, Inc. |
999,555 |
78,684,970 |
|
|
133,605,367 |
||
Household Durables - 0.3% |
|||
Tupperware Brands Corp. |
372,800 |
25,730,656 |
|
Leisure Products - 0.0% |
|||
Mattel, Inc. |
179,000 |
4,090,150 |
|
Media - 4.1% |
|||
Comcast Corp. Class A (special) (non-vtg.) |
3,249,800 |
182,200,037 |
|
Scripps Networks Interactive, Inc. Class A |
247,314 |
16,955,848 |
|
Sinclair Broadcast Group, Inc. Class A (e) |
1,186,223 |
37,259,264 |
|
Time Warner, Inc. |
1,334,277 |
112,666,350 |
|
Viacom, Inc. Class B (non-vtg.) |
577,200 |
39,422,760 |
|
|
388,504,259 |
||
Multiline Retail - 2.3% |
|||
Target Corp. |
2,692,675 |
220,987,837 |
|
Specialty Retail - 1.5% |
|||
Lowe's Companies, Inc. |
1,639,400 |
121,954,966 |
|
Sally Beauty Holdings, Inc. (a) |
610,800 |
20,993,196 |
|
|
142,948,162 |
||
Textiles, Apparel & Luxury Goods - 0.1% |
|||
adidas AG |
56,895 |
4,508,085 |
|
Japan Tobacco, Inc. |
59,600 |
1,884,246 |
|
|
6,392,331 |
||
TOTAL CONSUMER DISCRETIONARY |
968,148,142 |
||
CONSUMER STAPLES - 10.3% |
|||
Beverages - 3.0% |
|||
Diageo PLC |
1,827,526 |
50,502,469 |
|
Molson Coors Brewing Co. Class B |
148,900 |
11,085,605 |
|
PepsiCo, Inc. |
588,200 |
56,243,684 |
|
Common Stocks - continued |
|||
Shares |
Value |
||
CONSUMER STAPLES - continued |
|||
Beverages - continued |
|||
SABMiller PLC |
612,613 |
$ 32,169,754 |
|
The Coca-Cola Co. |
3,265,118 |
132,400,535 |
|
|
282,402,047 |
||
Food & Staples Retailing - 1.1% |
|||
CVS Health Corp. |
674,200 |
69,584,182 |
|
Walgreens Boots Alliance, Inc. |
433,493 |
36,708,187 |
|
|
106,292,369 |
||
Food Products - 0.3% |
|||
Kellogg Co. |
450,273 |
29,695,504 |
|
Household Products - 1.9% |
|||
Procter & Gamble Co. |
2,241,000 |
183,627,540 |
|
Personal Products - 0.3% |
|||
Estee Lauder Companies, Inc. Class A |
195,200 |
16,232,832 |
|
Nu Skin Enterprises, Inc. Class A |
155,700 |
9,374,697 |
|
|
25,607,529 |
||
Tobacco - 3.7% |
|||
British American Tobacco PLC sponsored ADR |
1,060,359 |
110,033,453 |
|
Lorillard, Inc. |
1,794,365 |
117,261,753 |
|
Philip Morris International, Inc. |
1,046,966 |
78,867,949 |
|
Reynolds American, Inc. |
689,800 |
47,534,118 |
|
|
353,697,273 |
||
TOTAL CONSUMER STAPLES |
981,322,262 |
||
ENERGY - 9.1% |
|||
Energy Equipment & Services - 1.2% |
|||
Ensco PLC Class A |
1,603,700 |
33,789,959 |
|
Helmerich & Payne, Inc. |
62,700 |
4,267,989 |
|
Oceaneering International, Inc. |
779,600 |
42,043,828 |
|
Schlumberger Ltd. |
390,307 |
32,567,216 |
|
|
112,668,992 |
||
Oil, Gas & Consumable Fuels - 7.9% |
|||
Apache Corp. |
833,741 |
50,299,595 |
|
BG Group PLC |
5,530,650 |
67,881,749 |
|
Chevron Corp. |
1,880,535 |
197,418,564 |
|
EQT Midstream Partners LP |
169,200 |
13,140,072 |
|
Foresight Energy LP |
151,800 |
2,366,562 |
|
Golar LNG Ltd. |
620,300 |
20,643,584 |
|
Imperial Oil Ltd. |
1,592,500 |
63,559,177 |
|
Common Stocks - continued |
|||
Shares |
Value |
||
ENERGY - continued |
|||
Oil, Gas & Consumable Fuels - continued |
|||
Kinder Morgan, Inc. |
655,900 |
$ 27,587,154 |
|
Legacy Reserves LP |
363,900 |
3,682,668 |
|
Markwest Energy Partners LP |
1,263,468 |
83,515,235 |
|
Peabody Energy Corp. (e) |
449,187 |
2,210,000 |
|
PrairieSky Royalty Ltd. |
574,100 |
13,543,964 |
|
Suncor Energy, Inc. |
4,481,200 |
130,945,649 |
|
The Williams Companies, Inc. |
1,262,457 |
63,867,700 |
|
Williams Partners LP |
144,386 |
7,106,679 |
|
|
747,768,352 |
||
TOTAL ENERGY |
860,437,344 |
||
FINANCIALS - 21.2% |
|||
Banks - 14.0% |
|||
Bank of America Corp. |
14,113,805 |
217,211,459 |
|
Citigroup, Inc. |
4,397,083 |
226,537,716 |
|
Comerica, Inc. |
622,400 |
28,088,912 |
|
Commerce Bancshares, Inc. |
196,400 |
8,311,648 |
|
Fifth Third Bancorp |
917,800 |
17,300,530 |
|
First Republic Bank |
82,800 |
4,727,052 |
|
FirstMerit Corp. |
667,500 |
12,722,550 |
|
Intesa Sanpaolo SpA |
595,500 |
2,021,129 |
|
JPMorgan Chase & Co. |
6,582,054 |
398,740,831 |
|
M&T Bank Corp. |
140,800 |
17,881,600 |
|
PNC Financial Services Group, Inc. |
694,124 |
64,720,122 |
|
Regions Financial Corp. |
3,385,100 |
31,989,195 |
|
Standard Chartered PLC (United Kingdom) |
3,320,897 |
53,868,200 |
|
SunTrust Banks, Inc. |
2,172,500 |
89,268,025 |
|
U.S. Bancorp |
1,796,939 |
78,472,326 |
|
UMB Financial Corp. |
129,000 |
6,822,810 |
|
Wells Fargo & Co. |
1,276,599 |
69,446,986 |
|
|
1,328,131,091 |
||
Capital Markets - 5.1% |
|||
Artisan Partners Asset Management, Inc. |
101,900 |
4,632,374 |
|
Carlyle Group LP |
490,500 |
13,292,550 |
|
Charles Schwab Corp. |
2,036,581 |
61,993,526 |
|
Greenhill & Co., Inc. |
76,900 |
3,049,085 |
|
Invesco Ltd. |
136,400 |
5,413,716 |
|
KKR & Co. LP |
2,338,362 |
53,338,037 |
|
Common Stocks - continued |
|||
Shares |
Value |
||
FINANCIALS - continued |
|||
Capital Markets - continued |
|||
Morgan Stanley |
1,671,300 |
$ 59,648,697 |
|
Northern Trust Corp. |
819,251 |
57,060,832 |
|
Oaktree Capital Group LLC Class A |
282,600 |
14,599,116 |
|
State Street Corp. |
1,912,936 |
140,658,184 |
|
The Blackstone Group LP |
1,169,100 |
45,466,299 |
|
TPG Specialty Lending, Inc. |
1,243,200 |
21,395,472 |
|
|
480,547,888 |
||
Consumer Finance - 0.1% |
|||
Discover Financial Services |
129,500 |
7,297,325 |
|
Diversified Financial Services - 0.2% |
|||
IntercontinentalExchange Group, Inc. |
81,525 |
19,017,337 |
|
Insurance - 1.2% |
|||
Brown & Brown, Inc. |
205,500 |
6,804,105 |
|
Marsh & McLennan Companies, Inc. |
382,807 |
21,471,645 |
|
MetLife, Inc. |
1,419,787 |
71,770,233 |
|
Principal Financial Group, Inc. |
311,600 |
16,006,892 |
|
|
116,052,875 |
||
Real Estate Investment Trusts - 0.4% |
|||
First Potomac Realty Trust |
236,931 |
2,817,110 |
|
Lamar Advertising Co. Class A |
131,200 |
7,776,224 |
|
Sabra Health Care REIT, Inc. |
199,200 |
6,603,480 |
|
Sun Communities, Inc. |
152,781 |
10,193,548 |
|
WP Carey, Inc. |
167,500 |
11,390,000 |
|
|
38,780,362 |
||
Thrifts & Mortgage Finance - 0.2% |
|||
MGIC Investment Corp. (a) |
689,400 |
6,638,922 |
|
Radian Group, Inc. |
996,164 |
16,725,594 |
|
|
23,364,516 |
||
TOTAL FINANCIALS |
2,013,191,394 |
||
HEALTH CARE - 9.3% |
|||
Biotechnology - 1.5% |
|||
Amgen, Inc. |
803,319 |
128,410,542 |
|
Intercept Pharmaceuticals, Inc. (a) |
45,200 |
12,747,304 |
|
|
141,157,846 |
||
Health Care Equipment & Supplies - 1.3% |
|||
Abbott Laboratories |
551,849 |
25,567,164 |
|
Common Stocks - continued |
|||
Shares |
Value |
||
HEALTH CARE - continued |
|||
Health Care Equipment & Supplies - continued |
|||
Ansell Ltd. |
354,030 |
$ 7,428,773 |
|
Medtronic PLC |
566,736 |
44,199,741 |
|
St. Jude Medical, Inc. |
151,500 |
9,908,100 |
|
Zimmer Holdings, Inc. |
315,100 |
37,030,552 |
|
|
124,134,330 |
||
Health Care Providers & Services - 1.8% |
|||
Cardinal Health, Inc. |
336,100 |
30,339,747 |
|
Express Scripts Holding Co. (a) |
193,100 |
16,755,287 |
|
McKesson Corp. |
391,247 |
88,500,071 |
|
Patterson Companies, Inc. |
480,960 |
23,466,038 |
|
Quest Diagnostics, Inc. |
80,118 |
6,157,068 |
|
|
165,218,211 |
||
Pharmaceuticals - 4.7% |
|||
AbbVie, Inc. |
65,700 |
3,846,078 |
|
Astellas Pharma, Inc. |
1,007,000 |
16,499,595 |
|
GlaxoSmithKline PLC sponsored ADR |
2,706,500 |
124,904,975 |
|
Johnson & Johnson |
1,572,670 |
158,210,602 |
|
Novartis AG sponsored ADR |
310,130 |
30,581,919 |
|
Teva Pharmaceutical Industries Ltd. sponsored ADR |
1,565,984 |
97,560,803 |
|
Theravance, Inc. (e) |
1,049,400 |
16,496,568 |
|
|
448,100,540 |
||
TOTAL HEALTH CARE |
878,610,927 |
||
INDUSTRIALS - 12.8% |
|||
Aerospace & Defense - 2.6% |
|||
Meggitt PLC |
4,266,700 |
34,715,787 |
|
Rolls-Royce Group PLC |
1,259,250 |
17,801,768 |
|
The Boeing Co. |
841,441 |
126,283,465 |
|
United Technologies Corp. |
596,500 |
69,909,800 |
|
|
248,710,820 |
||
Air Freight & Logistics - 1.8% |
|||
C.H. Robinson Worldwide, Inc. |
296,747 |
21,727,815 |
|
FedEx Corp. |
98,300 |
16,263,735 |
|
PostNL NV (a) |
3,545,100 |
15,102,624 |
|
United Parcel Service, Inc. Class B |
1,241,345 |
120,335,984 |
|
|
173,430,158 |
||
Airlines - 0.2% |
|||
Copa Holdings SA Class A |
202,600 |
20,456,522 |
|
Common Stocks - continued |
|||
Shares |
Value |
||
INDUSTRIALS - continued |
|||
Building Products - 0.1% |
|||
Lennox International, Inc. |
104,000 |
$ 11,615,760 |
|
Commercial Services & Supplies - 0.9% |
|||
ADT Corp. (e) |
1,330,600 |
55,246,512 |
|
KAR Auction Services, Inc. |
708,585 |
26,876,629 |
|
|
82,123,141 |
||
Electrical Equipment - 0.5% |
|||
Emerson Electric Co. |
214,400 |
12,139,328 |
|
Hubbell, Inc. Class B |
353,803 |
38,783,885 |
|
|
50,923,213 |
||
Industrial Conglomerates - 3.1% |
|||
General Electric Co. |
11,866,356 |
294,404,292 |
|
Machinery - 0.8% |
|||
Deere & Co. |
414,500 |
36,347,505 |
|
Donaldson Co., Inc. |
271,400 |
10,234,494 |
|
IMI PLC |
712,400 |
13,473,870 |
|
Joy Global, Inc. |
112,400 |
4,403,832 |
|
Valmont Industries, Inc. (e) |
59,000 |
7,249,920 |
|
Xylem, Inc. |
93,100 |
3,260,362 |
|
|
74,969,983 |
||
Professional Services - 0.1% |
|||
Acacia Research Corp. |
536,945 |
5,745,312 |
|
Road & Rail - 2.1% |
|||
CSX Corp. |
2,740,208 |
90,755,689 |
|
J.B. Hunt Transport Services, Inc. |
737,688 |
62,994,867 |
|
Kansas City Southern |
120,300 |
12,280,224 |
|
Norfolk Southern Corp. |
309,034 |
31,805,779 |
|
|
197,836,559 |
||
Trading Companies & Distributors - 0.6% |
|||
Watsco, Inc. |
409,947 |
51,530,338 |
|
TOTAL INDUSTRIALS |
1,211,746,098 |
||
INFORMATION TECHNOLOGY - 20.3% |
|||
Communications Equipment - 3.0% |
|||
Cisco Systems, Inc. |
5,575,433 |
153,463,793 |
|
QUALCOMM, Inc. |
1,948,400 |
135,102,056 |
|
|
288,565,849 |
||
Common Stocks - continued |
|||
Shares |
Value |
||
INFORMATION TECHNOLOGY - continued |
|||
Internet Software & Services - 3.2% |
|||
Google, Inc.: |
|
|
|
Class A (a) |
237,909 |
$ 131,968,122 |
|
Class C (a) |
206,409 |
113,112,132 |
|
Yahoo!, Inc. (a) |
1,316,142 |
58,482,770 |
|
|
303,563,024 |
||
IT Services - 5.6% |
|||
Cognizant Technology Solutions Corp. Class A (a) |
807,018 |
50,349,853 |
|
Fidelity National Information Services, Inc. |
307,900 |
20,955,674 |
|
IBM Corp. |
537,094 |
86,203,587 |
|
Leidos Holdings, Inc. |
71,700 |
3,008,532 |
|
MasterCard, Inc. Class A |
1,187,600 |
102,596,764 |
|
Paychex, Inc. |
2,403,229 |
119,236,207 |
|
The Western Union Co. |
1,360,400 |
28,309,924 |
|
Unisys Corp. (a) |
547,200 |
12,700,512 |
|
Visa, Inc. Class A |
1,692,400 |
110,699,884 |
|
|
534,060,937 |
||
Semiconductors & Semiconductor Equipment - 1.1% |
|||
Applied Materials, Inc. |
577,900 |
13,037,424 |
|
Broadcom Corp. Class A |
1,464,060 |
63,386,478 |
|
Maxim Integrated Products, Inc. |
550,200 |
19,152,462 |
|
Xilinx, Inc. |
100,400 |
4,246,920 |
|
|
99,823,284 |
||
Software - 3.4% |
|||
Microsoft Corp. |
6,416,917 |
260,879,761 |
|
Oracle Corp. |
1,505,069 |
64,943,727 |
|
|
325,823,488 |
||
Technology Hardware, Storage & Peripherals - 4.0% |
|||
Apple, Inc. |
2,792,760 |
347,503,127 |
|
EMC Corp. |
186,380 |
4,763,873 |
|
First Data Holdings, Inc. Class B (h) |
6,283,849 |
27,963,128 |
|
|
380,230,128 |
||
TOTAL INFORMATION TECHNOLOGY |
1,932,066,710 |
||
MATERIALS - 3.4% |
|||
Chemicals - 2.9% |
|||
Airgas, Inc. |
547,332 |
58,077,399 |
|
E.I. du Pont de Nemours & Co. |
422,831 |
30,219,732 |
|
Common Stocks - continued |
|||
Shares |
Value |
||
MATERIALS - continued |
|||
Chemicals - continued |
|||
FMC Corp. |
302,780 |
$ 17,334,155 |
|
LyondellBasell Industries NV Class A |
114,700 |
10,070,660 |
|
Methanex Corp. (e) |
252,500 |
13,518,633 |
|
Monsanto Co. |
762,221 |
85,780,351 |
|
Potash Corp. of Saskatchewan, Inc. |
395,100 |
12,736,910 |
|
Syngenta AG (Switzerland) |
113,166 |
38,445,728 |
|
Tronox Ltd. Class A |
315,393 |
6,411,940 |
|
|
272,595,508 |
||
Metals & Mining - 0.4% |
|||
Freeport-McMoRan, Inc. |
2,018,800 |
38,256,260 |
|
SunCoke Energy Partners LP |
135,200 |
2,878,408 |
|
|
41,134,668 |
||
Paper & Forest Products - 0.1% |
|||
Domtar Corp. |
145,600 |
6,729,632 |
|
TOTAL MATERIALS |
320,459,808 |
||
TELECOMMUNICATION SERVICES - 1.7% |
|||
Diversified Telecommunication Services - 1.7% |
|||
TDC A/S |
756,600 |
5,422,446 |
|
Verizon Communications, Inc. |
3,156,623 |
153,506,576 |
|
|
158,929,022 |
||
UTILITIES - 0.0% |
|||
Electric Utilities - 0.0% |
|||
Southern Co. |
108,000 |
4,782,240 |
|
TOTAL COMMON STOCKS (Cost $8,294,971,555) |
|
||
Convertible Preferred Stocks - 0.8% |
|||
|
|
|
|
CONSUMER DISCRETIONARY - 0.0% |
|||
Leisure Products - 0.0% |
|||
NJOY, Inc. Series D (a)(h) |
81,101 |
654,485 |
|
Convertible Preferred Stocks - continued |
|||
Shares |
Value |
||
HEALTH CARE - 0.8% |
|||
Health Care Equipment & Supplies - 0.8% |
|||
Alere, Inc. 3.00% |
214,525 |
$ 71,329,563 |
|
TOTAL CONVERTIBLE PREFERRED STOCKS (Cost $66,937,646) |
|
Convertible Bonds - 0.2% |
||||
|
Principal Amount (d) |
|
||
CONSUMER DISCRETIONARY - 0.0% |
||||
Automobiles - 0.0% |
||||
Tesla Motors, Inc. 1.25% 3/1/21 |
|
$ 4,360,000 |
3,651,500 |
|
ENERGY - 0.1% |
||||
Oil, Gas & Consumable Fuels - 0.1% |
||||
Amyris, Inc. 5% 10/15/18 (h) |
|
2,470,306 |
2,014,806 |
|
Peabody Energy Corp. 4.75% 12/15/41 |
|
13,140,000 |
4,640,063 |
|
|
6,654,869 |
|||
INFORMATION TECHNOLOGY - 0.1% |
||||
Internet Software & Services - 0.1% |
||||
Twitter, Inc. 0.25% 9/15/19 (f) |
|
6,430,000 |
6,313,456 |
|
TOTAL CONVERTIBLE BONDS (Cost $22,785,852) |
|
|||
Preferred Securities - 0.0% |
||||
FINANCIALS - 0.0% |
||||
Diversified Financial Services - 0.0% |
||||
Baggot Securities Ltd. 10.24% (f)(g) (Cost $5,175,497) |
EUR |
3,370,000 |
$ 3,849,492 |
Money Market Funds - 1.4% |
|||
Shares |
Value |
||
Fidelity Cash Central Fund, 0.14% (b) |
66,783,608 |
$ 66,783,608 |
|
Fidelity Securities Lending Cash Central Fund, 0.15% (b)(c) |
68,393,915 |
68,393,915 |
|
TOTAL MONEY MARKET FUNDS (Cost $135,177,523) |
|
||
TOTAL INVESTMENT PORTFOLIO - 100.7% (Cost $8,525,048,073) |
9,557,324,835 |
||
NET OTHER ASSETS (LIABILITIES) - (0.7)% |
(66,150,286) |
||
NET ASSETS - 100% |
$ 9,491,174,549 |
Currency Abbreviations |
||
EUR |
- |
European Monetary Unit |
Legend |
(a) Non-income producing |
(b) 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. |
(c) Investment made with cash collateral received from securities on loan. |
(d) Amount is stated in United States dollars unless otherwise noted. |
(e) Security or a portion of the security is on loan at period end. |
(f) 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 $10,162,948 or 0.1% of net assets. |
(g) Security is perpetual in nature with no stated maturity date. |
(h) 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 $30,632,419 or 0.3% of net assets. |
Additional information on each restricted holding is as follows: |
Security |
Acquisition Date |
Acquisition Cost |
Amyris, Inc. 5% 10/15/18 |
10/16/13 - 10/15/14 |
$ 2,470,306 |
First Data Holdings, Inc. Class B |
6/26/14 |
$ 25,135,396 |
NJOY, Inc. |
2/14/14 |
$ 1,372,724 |
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 |
$ 48,748 |
Fidelity Securities Lending Cash Central Fund |
527,814 |
Total |
$ 576,562 |
Other Information |
The following is a summary of the inputs used, as of March 31, 2015, 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. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section at the end of this listing. |
Valuation Inputs at Reporting Date: |
||||
Description |
Total |
Level 1 |
Level 2 |
Level 3 |
Investments in Securities: |
||||
Equities: |
||||
Consumer Discretionary |
$ 968,802,627 |
$ 966,263,896 |
$ 1,884,246 |
$ 654,485 |
Consumer Staples |
981,322,262 |
930,819,793 |
50,502,469 |
- |
Energy |
860,437,344 |
792,555,595 |
67,881,749 |
- |
Financials |
2,013,191,394 |
2,011,170,265 |
2,021,129 |
- |
Health Care |
949,940,490 |
933,440,895 |
16,499,595 |
- |
Industrials |
1,211,746,098 |
1,211,746,098 |
- |
- |
Information Technology |
1,932,066,710 |
1,904,103,582 |
- |
27,963,128 |
Materials |
320,459,808 |
282,014,080 |
38,445,728 |
- |
Telecommunication Services |
158,929,022 |
158,929,022 |
- |
- |
Utilities |
4,782,240 |
4,782,240 |
- |
- |
Corporate Bonds |
16,619,825 |
- |
16,619,825 |
- |
Preferred Securities |
3,849,492 |
- |
3,849,492 |
- |
Money Market Funds |
135,177,523 |
135,177,523 |
- |
- |
Total Investments in Securities: |
$ 9,557,324,835 |
$ 9,331,002,989 |
$ 197,704,233 |
$ 28,617,613 |
Income Tax Information |
At March 31, 2015, the cost of investment securities for income tax purposes was $8,542,142,591. Net unrealized appreciation aggregated $1,015,182,244, of which $1,351,571,305 related to appreciated investment securities and $336,389,061 related to depreciated investment securities. |
Investment Valuation |
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 Fidelity Management & Research Company (FMR) Fair Value Committee (the Committee). 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 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 and preferred securities 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. |
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 policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report. |
Quarterly 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. |
Quarterly Report
Item 2. Controls and Procedures
(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Hastings Street Trust's (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 Trust's internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the Trust's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Trust's 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/Kenneth B. Robins |
|
Kenneth B. Robins |
|
President and Treasurer |
|
|
Date: |
June 1, 2015 |
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/Kenneth B. Robins |
|
Kenneth B. Robins |
|
President and Treasurer |
|
|
Date: |
June 1, 2015 |
By: |
/s/Howard J. Galligan III |
|
Howard J. Galligan III |
|
Chief Financial Officer |
|
|
Date: |
June 1, 2015 |
Exhibit EX-99.CERT
I, Kenneth B. Robins, certify that:
1. I have reviewed this report on Form N-Q of Fidelity Hastings Street Trust;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based upon such evaluation; and
d. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and
b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
Date: June 1, 2015
/s/Kenneth B. Robins |
Kenneth B. Robins |
President and Treasurer |
I, Howard J. Galligan III, certify that:
1. I have reviewed this report on Form N-Q of Fidelity Hastings Street Trust;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based upon such evaluation; and
d. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and
b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
Date: June 1, 2015
/s/Howard J. Galligan III |
Howard J. Galligan III |
Chief Financial Officer |