NPORT-EX 2 QTLY_2457_20210331.htm

Quarterly Holdings Report
for

Fidelity® Series Large Cap Stock Fund

March 31, 2021







MHT-QTLY-0521
1.951036.108





Schedule of Investments March 31, 2021 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.6%   
 Shares Value 
COMMUNICATION SERVICES - 8.7%   
Diversified Telecommunication Services - 0.5%   
Verizon Communications, Inc. 1,116,933 $64,949,654 
Entertainment - 2.7%   
Activision Blizzard, Inc. 517,022 48,083,046 
Nintendo Co. Ltd. ADR (a) 763,700 54,069,960 
The Walt Disney Co. (b) 1,002,693 185,016,912 
Vivendi SA 3,334,481 109,449,830 
  396,619,748 
Interactive Media & Services - 1.5%   
Alphabet, Inc.:   
Class A (b) 41,211 84,998,512 
Class C (b) 36,373 75,242,279 
Facebook, Inc. Class A (b) 44,700 13,165,491 
Match Group, Inc. (b) 305,615 41,985,389 
  215,391,671 
Media - 4.0%   
Comcast Corp. Class A 9,306,042 503,549,933 
Interpublic Group of Companies, Inc. 2,405,770 70,248,484 
  573,798,417 
TOTAL COMMUNICATION SERVICES  1,250,759,490 
CONSUMER DISCRETIONARY - 5.7%   
Auto Components - 0.6%   
BorgWarner, Inc. 2,001,562 92,792,414 
Automobiles - 0.7%   
General Motors Co. 1,838,300 105,628,718 
Distributors - 0.1%   
LKQ Corp. (b) 206,681 8,748,807 
Hotels, Restaurants & Leisure - 0.3%   
Elior SA (c) 1,610,000 11,951,338 
Marriott International, Inc. Class A 89,600 13,270,656 
Starbucks Corp. 171,200 18,707,024 
  43,929,018 
Household Durables - 1.5%   
Mohawk Industries, Inc. (b) 547,389 105,268,379 
Sony Corp. sponsored ADR 206,900 21,933,469 
Whirlpool Corp. 440,263 97,011,952 
  224,213,800 
Internet & Direct Marketing Retail - 1.2%   
Expedia, Inc. 281,900 48,520,628 
Ocado Group PLC (b) 91,800 2,575,404 
The Booking Holdings, Inc. (b) 50,537 117,743,124 
  168,839,156 
Specialty Retail - 1.3%   
Lowe's Companies, Inc. 973,807 185,198,615 
TOTAL CONSUMER DISCRETIONARY  829,350,528 
CONSUMER STAPLES - 6.4%   
Beverages - 1.4%   
Anheuser-Busch InBev SA NV ADR (a) 94,500 5,939,325 
Diageo PLC sponsored ADR 361,600 59,378,336 
Keurig Dr. Pepper, Inc. 487,000 16,738,190 
The Coca-Cola Co. 2,299,395 121,201,110 
  203,256,961 
Food & Staples Retailing - 1.0%   
Costco Wholesale Corp. 50,500 17,800,240 
Performance Food Group Co. (b) 544,400 31,362,884 
Sysco Corp. 1,129,700 88,952,578 
  138,115,702 
Food Products - 0.1%   
Lamb Weston Holdings, Inc. 175,000 13,559,000 
Household Products - 0.3%   
Colgate-Palmolive Co. 34,900 2,751,167 
Procter & Gamble Co. 23,200 3,141,976 
Spectrum Brands Holdings, Inc. 443,550 37,701,750 
  43,594,893 
Tobacco - 3.6%   
Altria Group, Inc. 8,644,259 442,240,290 
British American Tobacco PLC sponsored ADR (a) 2,179,706 84,441,810 
  526,682,100 
TOTAL CONSUMER STAPLES  925,208,656 
ENERGY - 8.1%   
Energy Equipment & Services - 0.2%   
Subsea 7 SA 2,130,700 21,398,798 
Oil, Gas & Consumable Fuels - 7.9%   
Cabot Oil & Gas Corp. 503,600 9,457,608 
Cenovus Energy, Inc. (Canada) 15,758,881 118,376,571 
Exxon Mobil Corp. 10,813,643 603,725,689 
Hess Corp. 3,174,572 224,632,715 
Kosmos Energy Ltd. 16,113,378 49,468,070 
Phillips 66 Co. 812,100 66,218,634 
Royal Dutch Shell PLC Class B sponsored ADR 2,021,027 74,434,424 
  1,146,313,711 
TOTAL ENERGY  1,167,712,509 
FINANCIALS - 18.0%   
Banks - 12.5%   
Bank of America Corp. 13,876,494 536,881,553 
JPMorgan Chase & Co. 1,353,571 206,054,113 
M&T Bank Corp. 190,820 28,930,220 
PNC Financial Services Group, Inc. 1,060,821 186,078,612 
Truist Financial Corp. 2,366,423 138,009,789 
U.S. Bancorp 2,013,419 111,362,205 
Wells Fargo & Co. 15,349,537 599,706,411 
  1,807,022,903 
Capital Markets - 3.5%   
KKR & Co. LP 1,493,451 72,955,081 
Morgan Stanley 1,012,624 78,640,380 
Northern Trust Corp. 1,600,246 168,201,857 
Raymond James Financial, Inc. 280,202 34,341,557 
State Street Corp. 1,778,241 149,390,026 
  503,528,901 
Consumer Finance - 0.6%   
Discover Financial Services 895,000 85,016,050 
Insurance - 0.3%   
Chubb Ltd. 219,697 34,705,535 
The Travelers Companies, Inc. 50,220 7,553,088 
  42,258,623 
Thrifts & Mortgage Finance - 1.1%   
MGIC Investment Corp. 6,997,677 96,917,826 
Radian Group, Inc. 3,060,608 71,159,136 
  168,076,962 
TOTAL FINANCIALS  2,605,903,439 
HEALTH CARE - 14.7%   
Biotechnology - 0.8%   
AbbVie, Inc. 215,576 23,329,635 
ADC Therapeutics SA (b) 207,500 5,065,075 
Alnylam Pharmaceuticals, Inc. (b) 166,750 23,543,433 
Crinetics Pharmaceuticals, Inc. (b) 312,483 4,774,740 
Gritstone Oncology, Inc. (b) 291,807 2,751,740 
Heron Therapeutics, Inc. (a)(b) 135,717 2,199,973 
Insmed, Inc. (b) 753,029 25,648,168 
Intercept Pharmaceuticals, Inc. (a)(b) 979,918 22,616,507 
Vaxcyte, Inc. 173,900 3,434,525 
  113,363,796 
Health Care Equipment & Supplies - 1.4%   
Becton, Dickinson & Co. 156,506 38,054,434 
Boston Scientific Corp. (b) 4,158,319 160,719,029 
Danaher Corp. 37,500 8,440,500 
  207,213,963 
Health Care Providers & Services - 6.3%   
AmerisourceBergen Corp. 341,038 40,266,357 
Cardinal Health, Inc. 1,409,558 85,630,649 
Centene Corp. (b) 230,300 14,718,473 
Cigna Corp. 806,311 194,917,621 
Covetrus, Inc. (b) 449,973 13,485,691 
CVS Health Corp. 2,412,352 181,481,241 
McKesson Corp. 881,121 171,853,840 
UnitedHealth Group, Inc. 533,381 198,455,069 
  900,808,941 
Health Care Technology - 0.0%   
Castlight Health, Inc. Class B (b) 43,085 65,058 
Pharmaceuticals - 6.2%   
Bayer AG 2,516,072 159,450,952 
Bristol-Myers Squibb Co. 4,532,460 286,134,200 
Eli Lilly & Co. 159,400 29,779,108 
GlaxoSmithKline PLC sponsored ADR (a) 4,189,036 149,506,695 
Intra-Cellular Therapies, Inc. (b) 157,000 5,327,010 
Johnson & Johnson 1,326,171 217,956,204 
Pliant Therapeutics, Inc. 234,300 9,215,019 
Sanofi SA sponsored ADR 539,700 26,693,562 
TherapeuticsMD, Inc. (a)(b) 8,027,214 10,756,467 
Viatris, Inc. (b) 185,500 2,591,435 
  897,410,652 
TOTAL HEALTH CARE  2,118,862,410 
INDUSTRIALS - 16.0%   
Aerospace & Defense - 2.2%   
Airbus Group NV 402,200 45,616,463 
General Dynamics Corp. 188,860 34,289,422 
Huntington Ingalls Industries, Inc. 152,650 31,423,003 
MTU Aero Engines Holdings AG 44,000 10,355,879 
Raytheon Technologies Corp. 245,569 18,975,117 
Safran SA 89,500 12,174,463 
The Boeing Co. 622,491 158,560,908 
  311,395,255 
Air Freight & Logistics - 2.6%   
FedEx Corp. 369,347 104,909,322 
United Parcel Service, Inc. Class B 1,637,356 278,334,146 
  383,243,468 
Airlines - 0.1%   
Ryanair Holdings PLC sponsored ADR (b) 133,500 15,352,500 
Building Products - 0.2%   
Johnson Controls International PLC 375,900 22,429,953 
Electrical Equipment - 1.2%   
Acuity Brands, Inc. 252,169 41,607,885 
Hubbell, Inc. Class B 182,414 34,091,352 
Vertiv Holdings Co. 472,100 9,442,000 
Vertiv Holdings LLC (b)(d) 4,500,000 90,000,000 
  175,141,237 
Industrial Conglomerates - 7.5%   
3M Co. 250,773 48,318,942 
General Electric Co. 78,317,018 1,028,302,443 
  1,076,621,385 
Machinery - 1.3%   
Caterpillar, Inc. 57,800 13,402,086 
Cummins, Inc. 91,000 23,579,010 
Epiroc AB (A Shares) 272,600 6,173,995 
Flowserve Corp. 780,885 30,306,147 
Fortive Corp. 393,100 27,768,584 
Otis Worldwide Corp. 281,884 19,294,960 
Stanley Black & Decker, Inc. 133,800 26,715,846 
Westinghouse Air Brake Co. 447,785 35,446,661 
  182,687,289 
Professional Services - 0.0%   
Equifax, Inc. 41,700 7,553,121 
Road & Rail - 0.9%   
Knight-Swift Transportation Holdings, Inc. Class A 1,844,815 88,717,153 
Ryder System, Inc. 507,900 38,422,635 
  127,139,788 
Trading Companies & Distributors - 0.0%   
Beijer Ref AB (B Shares) 76,200 3,348,684 
TOTAL INDUSTRIALS  2,304,912,680 
INFORMATION TECHNOLOGY - 18.4%   
Electronic Equipment & Components - 0.3%   
CDW Corp. 57,800 9,580,350 
Vontier Corp. (b) 982,680 29,745,724 
  39,326,074 
IT Services - 3.7%   
Amadeus IT Holding SA Class A (b) 382,600 27,251,867 
Edenred SA 550,700 28,764,194 
Fidelity National Information Services, Inc. 651,300 91,579,293 
Genpact Ltd. 606,000 25,948,920 
IBM Corp. 171,700 22,880,742 
MasterCard, Inc. Class A 119,489 42,544,058 
Snowflake Computing, Inc. 11,800 2,705,504 
Twilio, Inc. Class A (b) 19,700 6,712,972 
Unisys Corp. (b) 1,992,699 50,654,409 
Visa, Inc. Class A 1,138,393 241,031,950 
  540,073,909 
Semiconductors & Semiconductor Equipment - 3.6%   
Analog Devices, Inc. 164,538 25,516,553 
Applied Materials, Inc. 319,402 42,672,107 
Intel Corp. 1,450,100 92,806,400 
Lam Research Corp. 42,400 25,238,176 
Marvell Technology Group Ltd. 627,791 30,749,203 
Qualcomm, Inc. 2,220,631 294,433,464 
  511,415,903 
Software - 7.7%   
Autodesk, Inc. (b) 132,428 36,702,420 
Dynatrace, Inc. (b) 427,694 20,631,959 
Elastic NV (b) 281,700 31,325,040 
Microsoft Corp. 3,647,905 860,066,562 
PTC, Inc. (b) 184,600 25,410,190 
SAP SE sponsored ADR (a) 1,035,646 127,166,972 
Workday, Inc. Class A (b) 51,200 12,719,616 
  1,114,022,759 
Technology Hardware, Storage & Peripherals - 3.1%   
Apple, Inc. 3,448,904 421,283,624 
Samsung Electronics Co. Ltd. 335,480 24,360,794 
  445,644,418 
TOTAL INFORMATION TECHNOLOGY  2,650,483,063 
MATERIALS - 2.6%   
Chemicals - 1.2%   
DuPont de Nemours, Inc. 1,503,100 116,159,568 
Livent Corp. (a)(b) 52,600 911,032 
Nutrien Ltd. 598,592 32,246,899 
PPG Industries, Inc. 161,000 24,191,860 
  173,509,359 
Metals & Mining - 1.4%   
BHP Billiton Ltd. sponsored ADR (a) 1,049,769 72,843,471 
First Quantum Minerals Ltd. 965,600 18,402,260 
Freeport-McMoRan, Inc. 3,189,842 105,041,497 
  196,287,228 
TOTAL MATERIALS  369,796,587 
REAL ESTATE - 0.7%   
Equity Real Estate Investment Trusts (REITs) - 0.7%   
American Tower Corp. 166,381 39,775,042 
Equinix, Inc. 10,222 6,946,769 
Simon Property Group, Inc. 547,000 62,232,190 
  108,954,001 
UTILITIES - 0.3%   
Electric Utilities - 0.2%   
Entergy Corp. 125,200 12,453,644 
Southern Co. 321,900 20,009,304 
  32,462,948 
Multi-Utilities - 0.1%   
CenterPoint Energy, Inc. 463,100 10,489,215 
Sempra Energy 34,380 4,558,100 
  15,047,315 
TOTAL UTILITIES  47,510,263 
TOTAL COMMON STOCKS   
(Cost $9,370,394,542)  14,379,453,626 
Other - 0.1%   
Other - 0.1%   
Utica Shale Drilling Program (non-operating revenue interest) (d)(e)(f)   
(Cost $28,969,838) 22,323,330 12,155,321 
Money Market Funds - 2.7%   
Fidelity Cash Central Fund 0.06% (g) 111,479,256 111,501,552 
Fidelity Securities Lending Cash Central Fund 0.06% (g)(h) 278,798,431 278,826,311 
TOTAL MONEY MARKET FUNDS   
(Cost $390,327,863)  390,327,863 
TOTAL INVESTMENT IN SECURITIES - 102.4%   
(Cost $9,789,692,243)  14,781,936,810 
NET OTHER ASSETS (LIABILITIES) - (2.4)%  (345,629,056) 
NET ASSETS - 100%  $14,436,307,754 

Legend

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

 (b) Non-income producing

 (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 $11,951,338 or 0.1% of net assets.

 (d) Restricted securities (including private placements) - 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 $102,155,321 or 0.7% of net assets.

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

 (f) 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 - 12/16/20 $28,969,839 
Vertiv Holdings LLC 2/6/20 $45,000,000 

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 $149,952 
Fidelity Securities Lending Cash Central Fund 956,764 
Total $1,106,716 

Amounts in the income column in the above table include any capital gain distributions from underlying funds. Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.

Investment Valuation

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

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

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

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





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

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