0001752724-19-046947.txt : 20190528 0001752724-19-046947.hdr.sgml : 20190528 20190528165001 ACCESSION NUMBER: 0001752724-19-046947 CONFORMED SUBMISSION TYPE: NPORT-EX PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190331 FILED AS OF DATE: 20190528 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY HASTINGS STREET TRUST CENTRAL INDEX KEY: 0000035348 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: NPORT-EX SEC ACT: 1940 Act SEC FILE NUMBER: 811-00215 FILM NUMBER: 19858415 BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 617-563-7000 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02110 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY FUND DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY FUND INC DATE OF NAME CHANGE: 19851205 0000035348 S000039214 Fidelity Series Large Cap Stock Fund C000120647 Fidelity Series Large Cap Stock Fund FGLGX ACCESSION NUMBER: 0001752724-19-035883 NPORT-EX 1 QTLY_2457_20190331.htm

Quarterly Holdings Report
for

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

March 31, 2019







MHT-QTLY-0519
1.951036.106





Schedule of Investments March 31, 2019 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 94.8%   
 Shares Value 
COMMUNICATION SERVICES - 8.0%   
Diversified Telecommunication Services - 1.4%   
Verizon Communications, Inc. 3,244,382 $191,840,308 
Entertainment - 1.4%   
Activision Blizzard, Inc. 729,800 33,227,794 
Electronic Arts, Inc. (a) 842,000 85,572,460 
Vivendi SA 2,921,000 84,650,785 
  203,451,039 
Interactive Media & Services - 0.7%   
Alphabet, Inc.:   
Class A (a) 46,263 54,446,462 
Class C (a) 43,899 51,507,136 
  105,953,598 
Media - 4.5%   
Comcast Corp. Class A 12,684,080 507,109,518 
Fox Corp. Class A (a) 1,049,400 38,523,474 
Interpublic Group of Companies, Inc. 3,212,300 67,490,423 
Omnicom Group, Inc. 390,500 28,502,595 
  641,626,010 
TOTAL COMMUNICATION SERVICES  1,142,870,955 
CONSUMER DISCRETIONARY - 2.2%   
Auto Components - 0.1%   
Gentex Corp. 548,900 11,351,252 
Distributors - 0.1%   
LKQ Corp. (a) 574,500 16,304,310 
Household Durables - 0.4%   
Mohawk Industries, Inc. (a) 499,800 63,049,770 
Internet & Direct Marketing Retail - 0.6%   
The Booking Holdings, Inc. (a) 48,300 84,279,153 
Multiline Retail - 0.1%   
Dollar Tree, Inc. (a) 209,700 22,026,888 
Specialty Retail - 0.9%   
Lowe's Companies, Inc. 908,977 99,505,712 
TJX Companies, Inc. 451,200 24,008,352 
  123,514,064 
TOTAL CONSUMER DISCRETIONARY  320,525,437 
CONSUMER STAPLES - 9.0%   
Beverages - 0.9%   
The Coca-Cola Co. 2,797,916 131,110,344 
Food & Staples Retailing - 1.6%   
Walgreens Boots Alliance, Inc. 326,200 20,638,674 
Walmart, Inc. 2,113,300 206,110,149 
  226,748,823 
Food Products - 0.2%   
The Hershey Co. 261,400 30,016,562 
Household Products - 1.4%   
Procter & Gamble Co. 1,688,487 175,687,072 
Spectrum Brands Holdings, Inc. 457,300 25,050,894 
  200,737,966 
Tobacco - 4.9%   
Altria Group, Inc. 9,242,600 530,802,518 
British American Tobacco PLC sponsored ADR 4,116,100 171,723,692 
  702,526,210 
TOTAL CONSUMER STAPLES  1,291,139,905 
ENERGY - 11.9%   
Energy Equipment & Services - 0.8%   
Baker Hughes, a GE Co. Class A 2,656,600 73,640,952 
National Oilwell Varco, Inc. 651,400 17,353,296 
Oceaneering International, Inc. (a) 1,734,330 27,350,384 
  118,344,632 
Oil, Gas & Consumable Fuels - 11.1%   
BP PLC sponsored ADR 4,957,584 216,745,572 
Cenovus Energy, Inc. 76,100 660,548 
Cenovus Energy, Inc. (Canada) 21,323,804 185,098,310 
Chevron Corp. 2,213,623 272,674,081 
Equinor ASA sponsored ADR 5,254,500 115,441,365 
Exxon Mobil Corp. 7,307,300 590,429,840 
Hess Corp. 1,275,500 76,823,365 
Kosmos Energy Ltd. 11,452,456 71,348,801 
Legacy Reserves, Inc. (a) 2,251,567 1,105,745 
Teekay LNG Partners LP 37,800 565,488 
The Williams Companies, Inc. 1,783,102 51,210,689 
Valero Energy Corp. 48,800 4,139,704 
  1,586,243,508 
TOTAL ENERGY  1,704,588,140 
FINANCIALS - 17.5%   
Banks - 12.4%   
Bank of America Corp. 17,153,742 473,271,742 
Citigroup, Inc. 3,771,514 234,663,601 
First Hawaiian, Inc. 721,000 18,782,050 
JPMorgan Chase & Co. 3,430,437 347,263,138 
M&T Bank Corp. 129,090 20,269,712 
PNC Financial Services Group, Inc. 1,183,968 145,225,515 
SunTrust Banks, Inc. 2,234,290 132,381,683 
U.S. Bancorp 2,161,210 104,148,710 
Wells Fargo & Co. 6,265,999 302,773,072 
  1,778,779,223 
Capital Markets - 4.1%   
Brookfield Asset Management, Inc. 107,600 5,019,540 
Cboe Global Markets, Inc. 97,600 9,314,944 
Charles Schwab Corp. 1,383,835 59,172,785 
KKR & Co. LP 2,473,589 58,104,606 
Morgan Stanley 2,149,080 90,691,176 
Northern Trust Corp. 1,901,961 171,956,294 
State Street Corp. 2,874,175 189,149,457 
  583,408,802 
Insurance - 0.6%   
Chubb Ltd. 321,400 45,021,712 
The Travelers Companies, Inc. 290,700 39,872,412 
  84,894,124 
Thrifts & Mortgage Finance - 0.4%   
MGIC Investment Corp. (a) 258,000 3,403,020 
Radian Group, Inc. 2,724,616 56,508,536 
  59,911,556 
TOTAL FINANCIALS  2,506,993,705 
HEALTH CARE - 14.6%   
Biotechnology - 2.1%   
Alexion Pharmaceuticals, Inc. (a) 994,600 134,450,028 
Alnylam Pharmaceuticals, Inc. (a) 217,800 20,353,410 
AnaptysBio, Inc. (a) 80,800 5,902,440 
Atara Biotherapeutics, Inc. (a) 324,700 12,906,825 
Celgene Corp. (a) 582,134 54,918,522 
Gritstone Oncology, Inc. 96,439 1,282,639 
Heron Therapeutics, Inc. (a) 170,400 4,164,576 
Insmed, Inc. (a) 116,206 3,378,108 
Intercept Pharmaceuticals, Inc. (a) 361,332 40,418,598 
Mirati Therapeutics, Inc. (a) 260,947 19,127,415 
  296,902,561 
Health Care Equipment & Supplies - 0.4%   
Boston Scientific Corp. (a) 877,500 33,678,450 
Danaher Corp. 159,500 21,057,190 
  54,735,640 
Health Care Providers & Services - 5.3%   
AmerisourceBergen Corp. 1,110,600 88,314,912 
Cardinal Health, Inc. 1,999,300 96,266,295 
Cigna Corp. 664,300 106,832,726 
Covetrus, Inc. (a) 239,700 7,634,445 
CVS Health Corp. 3,919,210 211,362,995 
Humana, Inc. 98,100 26,094,600 
McKesson Corp. 1,289,577 150,957,884 
UnitedHealth Group, Inc. 323,100 79,889,706 
  767,353,563 
Pharmaceuticals - 6.8%   
Bayer AG 2,304,742 148,406,735 
Bristol-Myers Squibb Co. 3,410,300 162,705,413 
GlaxoSmithKline PLC sponsored ADR 5,402,140 225,755,431 
Jazz Pharmaceuticals PLC (a) 262,200 37,481,490 
Johnson & Johnson 1,624,444 227,081,027 
Novartis AG sponsored ADR 84,762 8,149,019 
Perrigo Co. PLC 382,200 18,406,752 
Sanofi SA 677,496 59,907,015 
Teva Pharmaceutical Industries Ltd. sponsored ADR (a) 3,060,033 47,981,317 
The Medicines Company (a) 134,900 3,770,455 
TherapeuticsMD, Inc. (a)(b) 6,574,700 32,018,789 
  971,663,443 
TOTAL HEALTH CARE  2,090,655,207 
INDUSTRIALS - 13.1%   
Aerospace & Defense - 1.9%   
General Dynamics Corp. 356,400 60,331,392 
Huntington Ingalls Industries, Inc. 75,900 15,726,480 
United Technologies Corp. 1,540,620 198,570,512 
  274,628,384 
Air Freight & Logistics - 2.1%   
C.H. Robinson Worldwide, Inc. 411,500 35,796,385 
FedEx Corp. 221,700 40,218,597 
United Parcel Service, Inc. Class B 2,039,505 227,894,289 
  303,909,271 
Building Products - 0.1%   
A.O. Smith Corp. 168,000 8,957,760 
Commercial Services & Supplies - 0.1%   
Stericycle, Inc. (a) 264,811 14,411,015 
Electrical Equipment - 0.7%   
Acuity Brands, Inc. 434,100 52,096,341 
Hubbell, Inc. Class B 381,040 44,955,099 
  97,051,440 
Industrial Conglomerates - 4.1%   
General Electric Co. 58,507,909 584,494,011 
Machinery - 0.9%   
Donaldson Co., Inc. 157,300 7,874,438 
Flowserve Corp. 1,641,000 74,074,740 
Wabtec Corp. (b) 619,724 45,686,053 
  127,635,231 
Road & Rail - 3.0%   
J.B. Hunt Transport Services, Inc. 999,258 101,214,843 
Knight-Swift Transportation Holdings, Inc. Class A 2,567,700 83,912,436 
Norfolk Southern Corp. 466,414 87,168,112 
Union Pacific Corp. 937,600 156,766,720 
  429,062,111 
Trading Companies & Distributors - 0.2%   
Fastenal Co. 11,700 752,427 
Watsco, Inc. 189,729 27,171,090 
  27,923,517 
TOTAL INDUSTRIALS  1,868,072,740 
INFORMATION TECHNOLOGY - 15.2%   
Communications Equipment - 0.3%   
Cisco Systems, Inc. 792,673 42,796,415 
IT Services - 2.8%   
IBM Corp. 191,400 27,006,540 
Interxion Holding N.V. (a) 66,200 4,417,526 
MasterCard, Inc. Class A 118,050 27,794,873 
Paychex, Inc. 1,110,955 89,098,591 
Unisys Corp. (a) 1,885,017 21,998,148 
Visa, Inc. Class A 1,480,180 231,189,314 
  401,504,992 
Semiconductors & Semiconductor Equipment - 2.8%   
Analog Devices, Inc. 142,300 14,979,921 
Applied Materials, Inc. 1,639,700 65,030,502 
Lam Research Corp. 189,400 33,904,494 
Micron Technology, Inc. (a) 487,600 20,152,508 
NVIDIA Corp. 305,200 54,801,712 
Qualcomm, Inc. 3,728,210 212,619,816 
  401,488,953 
Software - 7.1%   
Microsoft Corp. 5,825,725 687,086,002 
Oracle Corp. 3,898,182 209,371,355 
SAP SE sponsored ADR 1,044,600 120,609,516 
  1,017,066,873 
Technology Hardware, Storage & Peripherals - 2.2%   
Apple, Inc. 1,655,766 314,512,752 
TOTAL INFORMATION TECHNOLOGY  2,177,369,985 
MATERIALS - 1.1%   
Chemicals - 1.1%   
DowDuPont, Inc. 814,800 43,436,988 
International Flavors & Fragrances, Inc. 114,800 14,785,092 
Nutrien Ltd. 1,256,324 66,259,375 
The Scotts Miracle-Gro Co. Class A 349,500 27,463,710 
  151,945,165 
Construction Materials - 0.0%   
Summit Materials, Inc. (a) 420,300 6,670,161 
TOTAL MATERIALS  158,615,326 
REAL ESTATE - 1.0%   
Equity Real Estate Investment Trusts (REITs) - 1.0%   
American Tower Corp. 323,000 63,650,380 
Equinix, Inc. 149,200 67,611,472 
Simon Property Group, Inc. 59,300 10,805,053 
  142,066,905 
UTILITIES - 1.2%   
Electric Utilities - 1.0%   
Duke Energy Corp. 212,300 19,107,000 
Exelon Corp. 1,289,390 64,637,121 
PPL Corp. 1,037,200 32,920,728 
Southern Co. 535,200 27,659,136 
  144,323,985 
Multi-Utilities - 0.2%   
Sempra Energy 176,000 22,151,360 
TOTAL UTILITIES  166,475,345 
TOTAL COMMON STOCKS   
(Cost $11,598,298,671)  13,569,373,650 
Nonconvertible Preferred Stocks - 0.0%   
INDUSTRIALS - 0.0%   
Aerospace & Defense - 0.0%   
Rolls-Royce Holdings PLC (C Shares) (a)   
(Cost $1,127,591) 835,771,570 1,088,551 
 Principal Amount Value 
Convertible Bonds - 0.1%   
HEALTH CARE - 0.1%   
Pharmaceuticals - 0.1%   
Bayer Capital Corp. BV 5.625% 11/22/19(c)   
(Cost $13,277,549) EUR 12,000,000 9,610,144 
 Shares Value 
Other - 0.1%   
Other - 0.1%   
Utica Shale Drilling Program (non-operating revenue interest) (d)(e)(f) 22,323,329 3,600,597 
Utica Shale Drilling Program (non-operating revenue interest) 10% 10/5/23 (d)(e)(f) 20,428,870 13,278,766 
TOTAL OTHER   
(Cost $30,080,335)  16,879,363 
Money Market Funds - 5.4%   
Fidelity Cash Central Fund, 2.48% (g) 739,090,851 739,238,669 
Fidelity Securities Lending Cash Central Fund 2.48% (g)(h) 32,191,922 32,195,141 
TOTAL MONEY MARKET FUNDS   
(Cost $771,424,303)  771,433,810 
TOTAL INVESTMENT IN SECURITIES - 100.4%   
(Cost $12,414,208,449)  14,368,385,518 
NET OTHER ASSETS (LIABILITIES) - (0.4)%  (55,415,294) 
NET ASSETS - 100%  $14,312,970,224 

Currency Abbreviations

EUR – European Monetary Unit

Legend

 (a) Non-income producing

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

 (c) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $9,610,144 or 0.1% of net assets.

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

 (e) Restricted securities - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $16,879,362 or 0.1% of net assets.

 (f) Level 3 security

 (g) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

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

Additional information on each restricted holding is as follows:

Security Acquisition Date Acquisition Cost 
Utica Shale Drilling Program (non-operating revenue interest) 10/5/16 - 10/30/18 $9,651,465 
Utica Shale Drilling Program (non-operating revenue interest) 10% 10/5/23 10/5/16 - 10/30/18 $20,428,870 

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 $5,812,406 
Fidelity Securities Lending Cash Central Fund 377,415 
Total $6,189,821 

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

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 Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.

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

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

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

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

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