NPORT-EX 2 QTLY_2457_20210930.htm US_QtlyFinancialStatementsCoverMaster
Quarterly Holdings Report
for
Fidelity® Series Large Cap Stock Fund
September 30, 2021
MHT-NPRT1-1121
1.951037.108
Common Stocks - 99.9%
 
 
Shares
Value ($)
 
COMMUNICATION SERVICES - 8.9%
 
 
 
Diversified Telecommunication Services - 0.3%
 
 
 
Verizon Communications, Inc.
 
919,633
49,669,378
Entertainment - 2.2%
 
 
 
Activision Blizzard, Inc.
 
428,222
33,140,101
Nintendo Co. Ltd. ADR
 
639,200
37,872,600
The Walt Disney Co. (a)
 
981,593
166,056,088
Universal Music Group NV (b)
 
2,854,781
76,055,317
 
 
 
313,124,106
Interactive Media & Services - 2.3%
 
 
 
Alphabet, Inc.:
 
 
 
 Class A (a)
 
48,311
129,160,425
 Class C (a)
 
43,673
116,402,084
Facebook, Inc. Class A (a)
 
114,800
38,961,972
Match Group, Inc. (a)
 
253,415
39,783,621
 
 
 
324,308,102
Media - 4.1%
 
 
 
Comcast Corp. Class A
 
8,337,642
466,324,317
Interpublic Group of Companies, Inc.
 
2,187,970
80,232,860
Vivendi SA (b)
 
2,854,781
35,941,554
 
 
 
582,498,731
TOTAL COMMUNICATION SERVICES
 
 
1,269,600,317
CONSUMER DISCRETIONARY - 5.4%
 
 
 
Auto Components - 0.5%
 
 
 
BorgWarner, Inc.
 
1,774,162
76,661,540
Automobiles - 0.6%
 
 
 
General Motors Co. (a)
 
1,552,900
81,853,359
Distributors - 0.0%
 
 
 
LKQ Corp. (a)
 
30,181
1,518,708
Hotels, Restaurants & Leisure - 1.6%
 
 
 
Booking Holdings, Inc. (a)
 
49,937
118,543,946
Elior SA (a)(c)
 
1,615,300
12,829,477
Expedia, Inc. (a)
 
267,800
43,892,420
Marriott International, Inc. Class A (a)
 
215,900
31,972,631
Starbucks Corp.
 
149,100
16,447,221
 
 
 
223,685,695
Household Durables - 1.4%
 
 
 
Mohawk Industries, Inc. (a)
 
511,389
90,720,409
Sony Group Corp. sponsored ADR
 
206,900
22,879,002
Whirlpool Corp.
 
390,063
79,518,243
 
 
 
193,117,654
Internet & Direct Marketing Retail - 0.0%
 
 
 
Chewy, Inc. (a)(b)
 
79,200
5,394,312
Specialty Retail - 1.3%
 
 
 
Lowe's Companies, Inc.
 
887,107
179,958,526
TOTAL CONSUMER DISCRETIONARY
 
 
762,189,794
CONSUMER STAPLES - 5.7%
 
 
 
Beverages - 1.6%
 
 
 
Anheuser-Busch InBev SA NV ADR (b)
 
69,100
3,895,858
Diageo PLC sponsored ADR
 
359,400
69,364,200
Keurig Dr. Pepper, Inc.
 
1,257,900
42,969,864
The Coca-Cola Co.
 
2,177,695
114,263,657
 
 
 
230,493,579
Food & Staples Retailing - 1.0%
 
 
 
Costco Wholesale Corp.
 
46,600
20,939,710
Ocado Group PLC (a)
 
91,800
2,051,531
Performance Food Group Co. (a)
 
503,900
23,411,194
Sysco Corp.
 
1,304,000
102,364,000
 
 
 
148,766,435
Food Products - 0.1%
 
 
 
Lamb Weston Holdings, Inc.
 
257,700
15,815,049
Household Products - 0.3%
 
 
 
Colgate-Palmolive Co.
 
34,900
2,637,742
Procter & Gamble Co.
 
13,000
1,817,400
Spectrum Brands Holdings, Inc.
 
376,382
36,008,466
 
 
 
40,463,608
Tobacco - 2.7%
 
 
 
Altria Group, Inc.
 
7,950,459
361,904,894
Swedish Match Co. AB
 
1,755,000
15,360,801
 
 
 
377,265,695
TOTAL CONSUMER STAPLES
 
 
812,804,366
ENERGY - 8.5%
 
 
 
Energy Equipment & Services - 0.1%
 
 
 
Subsea 7 SA
 
2,344,600
20,316,290
Oil, Gas & Consumable Fuels - 8.4%
 
 
 
Canadian Natural Resources Ltd.
 
506,700
18,526,194
Cenovus Energy, Inc. (Canada)
 
13,771,581
138,846,589
Exxon Mobil Corp.
 
10,786,443
634,458,577
Harbour Energy PLC (a)
 
2,247,500
10,969,779
Hess Corp.
 
3,060,072
239,022,224
Imperial Oil Ltd. (b)
 
569,100
17,986,004
Kosmos Energy Ltd. (a)
 
14,330,835
42,419,272
Phillips 66 Co.
 
487,200
34,118,616
Tourmaline Oil Corp.
 
1,565,800
54,702,866
 
 
 
1,191,050,121
TOTAL ENERGY
 
 
1,211,366,411
FINANCIALS - 19.3%
 
 
 
Banks - 13.5%
 
 
 
Bank of America Corp.
 
12,883,594
546,908,565
JPMorgan Chase & Co.
 
1,177,071
192,674,752
M&T Bank Corp.
 
181,220
27,063,395
PNC Financial Services Group, Inc.
 
1,023,321
200,202,520
Truist Financial Corp.
 
2,272,723
133,295,204
U.S. Bancorp
 
1,905,619
113,269,993
Wells Fargo & Co.
 
15,271,937
708,770,596
 
 
 
1,922,185,025
Capital Markets - 3.6%
 
 
 
KKR & Co. LP
 
1,421,451
86,537,937
Morgan Stanley
 
996,024
96,923,095
Northern Trust Corp.
 
1,524,046
164,307,399
Raymond James Financial, Inc.
 
386,403
35,657,269
State Street Corp.
 
1,527,641
129,421,746
 
 
 
512,847,446
Consumer Finance - 0.7%
 
 
 
Discover Financial Services
 
831,000
102,088,350
Insurance - 0.3%
 
 
 
Chubb Ltd.
 
201,597
34,973,048
Thrifts & Mortgage Finance - 1.2%
 
 
 
MGIC Investment Corp.
 
6,997,677
104,685,248
Radian Group, Inc.
 
2,971,908
67,521,750
 
 
 
172,206,998
TOTAL FINANCIALS
 
 
2,744,300,867
HEALTH CARE - 13.6%
 
 
 
Biotechnology - 0.7%
 
 
 
ADC Therapeutics SA (a)
 
206,000
5,594,960
Alnylam Pharmaceuticals, Inc. (a)
 
166,750
31,484,068
Crinetics Pharmaceuticals, Inc. (a)
 
345,700
7,276,985
Gritstone Bio, Inc. (a)(b)
 
291,807
3,151,516
Heron Therapeutics, Inc. (a)(b)
 
135,717
1,450,815
Insmed, Inc. (a)
 
753,029
20,738,419
Intercept Pharmaceuticals, Inc. (a)(b)
 
979,918
14,551,782
Vaxcyte, Inc.
 
173,900
4,411,843
Verve Therapeutics, Inc.
 
134,300
6,312,100
 
 
 
94,972,488
Health Care Equipment & Supplies - 1.7%
 
 
 
Abbott Laboratories
 
89,500
10,572,635
Becton, Dickinson & Co.
 
156,506
38,472,305
Boston Scientific Corp. (a)
 
3,902,919
169,347,655
Danaher Corp.
 
56,400
17,170,416
iRhythm Technologies, Inc. (a)
 
1,100
64,416
Koninklijke Philips Electronics NV (depositary receipt) (NY Reg.)
 
354,100
15,736,204
 
 
 
251,363,631
Health Care Providers & Services - 5.5%
 
 
 
Cardinal Health, Inc.
 
1,349,058
66,724,409
Centene Corp. (a)
 
186,900
11,645,739
Cigna Corp.
 
743,211
148,761,114
Covetrus, Inc. (a)
 
449,973
8,162,510
CVS Health Corp.
 
2,163,352
183,582,051
Guardant Health, Inc. (a)
 
96,700
12,088,467
Humana, Inc.
 
22,800
8,872,620
McKesson Corp.
 
806,621
160,824,095
UnitedHealth Group, Inc.
 
458,481
179,146,866
 
 
 
779,807,871
Health Care Technology - 0.0%
 
 
 
Castlight Health, Inc. Class B (a)
 
43,085
67,643
Pharmaceuticals - 5.7%
 
 
 
Bayer AG
 
2,349,072
127,497,069
Bristol-Myers Squibb Co.
 
4,293,560
254,049,945
Eli Lilly & Co.
 
178,500
41,242,425
GlaxoSmithKline PLC sponsored ADR (b)
 
4,028,536
153,930,361
Intra-Cellular Therapies, Inc. (a)
 
157,000
5,852,960
Johnson & Johnson
 
1,217,171
196,573,117
Pliant Therapeutics, Inc. (a)
 
234,300
3,954,984
Sanofi SA sponsored ADR
 
539,700
26,018,937
TherapeuticsMD, Inc. (a)(b)
 
8,027,214
5,951,376
Viatris, Inc.
 
185,500
2,513,525
 
 
 
817,584,699
TOTAL HEALTH CARE
 
 
1,943,796,332
INDUSTRIALS - 15.6%
 
 
 
Aerospace & Defense - 2.6%
 
 
 
Airbus Group NV (a)
 
473,400
62,761,443
General Dynamics Corp.
 
188,860
37,022,226
Huntington Ingalls Industries, Inc.
 
144,650
27,926,129
Maxar Technologies, Inc.
 
80,300
2,274,096
MTU Aero Engines AG
 
44,000
9,892,163
Raytheon Technologies Corp.
 
228,669
19,656,387
Rolls-Royce Holdings PLC (a)
 
14,075,200
26,288,487
Safran SA
 
89,500
11,320,017
The Boeing Co. (a)
 
779,791
171,507,233
 
 
 
368,648,181
Air Freight & Logistics - 2.3%
 
 
 
FedEx Corp.
 
303,247
66,499,035
United Parcel Service, Inc. Class B
 
1,424,856
259,466,278
 
 
 
325,965,313
Airlines - 0.1%
 
 
 
Copa Holdings SA Class A (a)
 
22,898
1,863,439
Ryanair Holdings PLC sponsored ADR (a)
 
139,900
15,397,394
 
 
 
17,260,833
Building Products - 0.2%
 
 
 
Johnson Controls International PLC
 
364,600
24,821,968
Electrical Equipment - 1.2%
 
 
 
Acuity Brands, Inc.
 
261,675
45,366,595
Hubbell, Inc. Class B
 
165,214
29,849,213
Vertiv Holdings Co.
 
4,072,500
98,106,525
 
 
 
173,322,333
Industrial Conglomerates - 7.1%
 
 
 
3M Co.
 
202,473
35,517,814
General Electric Co.
 
9,530,464
981,923,700
 
 
 
1,017,441,514
Machinery - 1.3%
 
 
 
Caterpillar, Inc.
 
57,800
11,095,866
Cummins, Inc.
 
85,400
19,177,424
Epiroc AB (A Shares)
 
272,600
5,651,521
Flowserve Corp.
 
892,085
30,928,587
Fortive Corp.
 
393,100
27,741,067
Otis Worldwide Corp.
 
272,384
22,411,756
PACCAR, Inc.
 
36,200
2,856,904
Stanley Black & Decker, Inc.
 
133,800
23,456,478
Westinghouse Air Brake Tech Co.
 
421,685
36,353,464
 
 
 
179,673,067
Professional Services - 0.1%
 
 
 
Equifax, Inc.
 
38,400
9,731,328
Road & Rail - 0.7%
 
 
 
Knight-Swift Transportation Holdings, Inc. Class A
 
1,636,315
83,697,512
Ryder System, Inc.
 
283,600
23,456,556
 
 
 
107,154,068
Trading Companies & Distributors - 0.0%
 
 
 
Beijer Ref AB (B Shares)
 
228,600
4,546,357
TOTAL INDUSTRIALS
 
 
2,228,564,962
INFORMATION TECHNOLOGY - 19.3%
 
 
 
Electronic Equipment & Components - 0.3%
 
 
 
CDW Corp.
 
57,800
10,520,756
Vontier Corp.
 
896,680
30,128,448
 
 
 
40,649,204
IT Services - 3.8%
 
 
 
Amadeus IT Holding SA Class A (a)
 
377,800
24,848,600
Edenred SA
 
539,200
29,026,460
Fidelity National Information Services, Inc.
 
607,400
73,908,432
Genpact Ltd.
 
606,000
28,791,060
IBM Corp.
 
171,700
23,854,281
MasterCard, Inc. Class A
 
113,489
39,457,856
Sabre Corp. (a)(b)
 
2,854,500
33,797,280
Snowflake Computing, Inc.
 
11,800
3,568,674
Twilio, Inc. Class A (a)
 
11,800
3,764,790
Unisys Corp. (a)
 
1,905,099
47,894,189
Visa, Inc. Class A
 
1,079,793
240,523,891
 
 
 
549,435,513
Semiconductors & Semiconductor Equipment - 3.1%
 
 
 
Analog Devices, Inc.
 
164,538
27,556,824
Applied Materials, Inc.
 
320,702
41,283,968
Intel Corp.
 
1,384,600
73,771,488
Lam Research Corp.
 
47,500
27,034,625
Marvell Technology, Inc.
 
565,591
34,110,793
Qualcomm, Inc.
 
1,871,431
241,377,170
 
 
 
445,134,868
Software - 8.7%
 
 
 
Autodesk, Inc. (a)
 
124,428
35,483,133
Dynatrace, Inc. (a)
 
373,894
26,535,257
Elastic NV (a)
 
342,400
51,014,176
Microsoft Corp.
 
3,357,005
946,406,850
PTC, Inc. (a)
 
161,500
19,346,085
Salesforce.com, Inc. (a)
 
45,500
12,340,510
SAP SE sponsored ADR
 
990,646
133,776,836
Workday, Inc. Class A (a)
 
48,300
12,069,687
 
 
 
1,236,972,534
Technology Hardware, Storage & Peripherals - 3.4%
 
 
 
Apple, Inc.
 
3,244,804
459,139,766
Samsung Electronics Co. Ltd.
 
316,000
19,581,776
 
 
 
478,721,542
TOTAL INFORMATION TECHNOLOGY
 
 
2,750,913,661
MATERIALS - 2.3%
 
 
 
Chemicals - 0.8%
 
 
 
DuPont de Nemours, Inc.
 
1,409,900
95,859,101
Livent Corp. (a)(b)
 
52,600
1,215,586
PPG Industries, Inc.
 
148,000
21,165,480
 
 
 
118,240,167
Metals & Mining - 1.5%
 
 
 
Anglo American PLC (United Kingdom)
 
754,028
26,427,667
First Quantum Minerals Ltd.
 
1,758,100
32,549,696
Freeport-McMoRan, Inc.
 
3,530,142
114,835,519
Glencore Xstrata PLC
 
4,168,600
19,609,538
Lundin Mining Corp.
 
2,518,100
18,111,393
 
 
 
211,533,813
TOTAL MATERIALS
 
 
329,773,980
REAL ESTATE - 0.9%
 
 
 
Equity Real Estate Investment Trusts (REITs) - 0.9%
 
 
 
American Tower Corp.
 
151,781
40,284,195
Equinix, Inc.
 
6,222
4,916,189
Simon Property Group, Inc.
 
598,800
77,826,036
 
 
 
123,026,420
UTILITIES - 0.4%
 
 
 
Electric Utilities - 0.3%
 
 
 
Entergy Corp.
 
125,200
12,433,612
Southern Co.
 
410,500
25,438,685
 
 
 
37,872,297
Multi-Utilities - 0.1%
 
 
 
CenterPoint Energy, Inc.
 
433,400
10,661,640
Sempra Energy
 
34,380
4,349,070
 
 
 
15,010,710
TOTAL UTILITIES
 
 
52,883,007
 
TOTAL COMMON STOCKS
 (Cost $9,103,174,399)
 
 
 
14,229,220,117
 
 
 
 
Preferred Stocks - 0.2%
 
 
Shares
Value ($)
 
Convertible Preferred Stocks - 0.0%
 
 
 
CONSUMER DISCRETIONARY - 0.0%
 
 
 
Internet & Direct Marketing Retail - 0.0%  
 
 
 
Reddit, Inc. Series E (a)(d)(e)
 
17,600
1,087,581
 
 
 
 
Nonconvertible Preferred Stocks - 0.2%
 
 
 
INDUSTRIALS - 0.2%
 
 
 
Aerospace & Defense - 0.2%  
 
 
 
Embraer SA sponsored ADR (a)
 
1,259,700
21,414,900
 
 
 
 
 
TOTAL PREFERRED STOCKS
 (Cost $14,628,455)
 
 
 
22,502,481
 
 
 
 
Other - 0.1%
 
 
Shares
Value ($)
 
Other - 0.1%
 
 
 
Utica Shale Drilling Program (non-operating revenue interest) (d)(e)(f)
  (Cost $28,974,794)
 
22,323,330
17,370,787
 
 
 
 
 
 
 
 
Money Market Funds - 1.7%
 
 
Shares
Value ($)
 
Fidelity Cash Central Fund 0.06% (g)
 
132,064,514
132,090,927
Fidelity Securities Lending Cash Central Fund 0.06% (g)(h)
 
105,457,666
105,468,212
 
TOTAL MONEY MARKET FUNDS
 (Cost $237,559,139)
 
 
237,559,139
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 101.9%
 (Cost $9,384,336,787)
 
 
 
14,506,652,524
NET OTHER ASSETS (LIABILITIES) - (1.9)%  
(267,099,256)
NET ASSETS - 100.0%
14,239,553,268
 
 
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 $12,829,477 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 $18,458,368 or 0.1% of net assets.
 
(e)
Level 3 security
 
(f)
Investment is owned by a wholly-owned subsidiary (Subsidiary) that is treated as a corporation for U.S. tax purposes.
 
(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 ($)
 
Reddit, Inc. Series E
5/18/21
747,546
Utica Shale Drilling Program (non-operating revenue interest)
10/05/16 - 12/16/20
28,974,794
 
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
 
Affiliate
Value,
beginning
of period ($)
Purchases ($)
Sales
Proceeds ($)
Dividend
Income ($)
Realized
Gain (loss) ($)
Change in
Unrealized
appreciation
(depreciation) ($)
Value,
end
of period ($)
%ownership,
end
of period
Fidelity Cash Central Fund 0.06%
112,941,949
385,435,718
366,286,740
16,372
-
-
132,090,927
0.2%
Fidelity Securities Lending Cash Central Fund 0.06%
191,405,919
492,206,132
578,143,839
(80,140)
-
-
105,468,212
0.3%
Total
304,347,868
877,641,850
944,430,579
(63,768)
-
-
237,559,139
 
 
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. Securities 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 inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
 
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)
 
Valuation techniques used to value investments by major category are as follows:
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing 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 any foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.
 
Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
 
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.
 
For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.
 
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.
 
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