0001752724-22-264969.txt : 20221123 0001752724-22-264969.hdr.sgml : 20221123 20221123154201 ACCESSION NUMBER: 0001752724-22-264969 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220930 FILED AS OF DATE: 20221123 DATE AS OF CHANGE: 20221123 PERIOD START: 20230630 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-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-00215 FILM NUMBER: 221416034 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 S000007022 Fidelity Mega Cap Stock Fund 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JOHNSON 478160104 135913.00000000 NS USD 22202747.68000000 1.918559220885 Long EC CORP US N 1 N N N JOHNSON CONTROLS INTERNATIONAL PLC 549300XQ6S1GYKGBL205 JOHNSON CONTROLS INTERNATIONAL PLC N/A 8500.00000000 NS USD 418370.00000000 0.036151724678 Long EC CORP IE N 1 N N N ROCKWELL AUTOMATION INC VH3R4HHBHH12O0EXZJ88 ROCKWELL AUTOMATION INC 773903109 19700.00000000 NS USD 4237667.00000000 0.366180583370 Long EC CORP US N 1 N N N AMERICAN EXPRESS CO R4PP93JZOLY261QX3811 AMERICAN EXPRESS CO 025816109 8600.00000000 NS USD 1160226.00000000 0.100256163007 Long EC CORP US N 1 N N N ALPHABET INC 5493006MHB84DD0ZWV18 ALPHABET INC CL A 02079K305 368000.00000000 NS USD 35199200.00000000 3.041594252257 Long EC CORP US N 1 N N N PNC FINANCIAL SERVICES GRP INC CFGNEKW0P8842LEUIA51 PNC FINANCIAL SERVICES GRP INC 693475105 80731.00000000 NS USD 12062826.02000000 1.042359550455 Long EC CORP US N 1 N N N WALT DISNEY CO 549300GZKULIZ0WOW665 DISNEY (WALT) CO 254687106 141199.00000000 NS USD 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Smith Stacie M. Smith Stacie M. Smith President and Treasurer XXXX NPORT-EX 2 QTLY_361_20220930.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Mega Cap Stock Fund
September 30, 2022
GII-NPRT1-1122
1.808770.118
Common Stocks - 100.1%
 
 
Shares
Value ($)
 
COMMUNICATION SERVICES - 10.3%
 
 
 
Entertainment - 1.8%
 
 
 
The Walt Disney Co. (a)
 
133,899
12,630,693
Universal Music Group NV
 
448,499
8,400,409
 
 
 
21,031,102
Interactive Media & Services - 7.2%
 
 
 
Alphabet, Inc.:
 
 
 
 Class A (a)
 
368,000
35,199,200
 Class C (a)
 
361,600
34,767,840
Meta Platforms, Inc. Class A (a)
 
91,900
12,468,992
 
 
 
82,436,032
Media - 1.3%
 
 
 
Comcast Corp. Class A
 
500,497
14,679,577
TOTAL COMMUNICATION SERVICES
 
 
118,146,711
CONSUMER DISCRETIONARY - 4.4%
 
 
 
Automobiles - 0.1%
 
 
 
General Motors Co.
 
34,400
1,103,896
Hotels, Restaurants & Leisure - 1.7%
 
 
 
Booking Holdings, Inc. (a)
 
9,198
15,114,246
Marriott International, Inc. Class A
 
24,500
3,433,430
Starbucks Corp.
 
6,100
513,986
 
 
 
19,061,662
Household Durables - 0.7%
 
 
 
Sony Group Corp. sponsored ADR
 
131,300
8,409,765
Internet & Direct Marketing Retail - 0.3%
 
 
 
Amazon.com, Inc. (a)
 
31,200
3,525,600
Specialty Retail - 1.5%
 
 
 
Lowe's Companies, Inc.
 
84,411
15,853,230
TJX Companies, Inc.
 
17,700
1,099,524
 
 
 
16,952,754
Textiles, Apparel & Luxury Goods - 0.1%
 
 
 
NIKE, Inc. Class B
 
9,100
756,392
TOTAL CONSUMER DISCRETIONARY
 
 
49,810,069
CONSUMER STAPLES - 5.0%
 
 
 
Beverages - 2.9%
 
 
 
Diageo PLC
 
394,900
16,622,734
Keurig Dr. Pepper, Inc.
 
191,600
6,863,112
The Coca-Cola Co.
 
182,000
10,195,640
 
 
 
33,681,486
Food & Staples Retailing - 1.5%
 
 
 
Costco Wholesale Corp.
 
1,300
613,951
Sysco Corp.
 
135,699
9,595,276
Walmart, Inc.
 
52,900
6,861,130
 
 
 
17,070,357
Food Products - 0.1%
 
 
 
Mondelez International, Inc.
 
17,900
981,457
Personal Products - 0.2%
 
 
 
Haleon PLC ADR (a)
 
402,633
2,452,035
Tobacco - 0.3%
 
 
 
Altria Group, Inc.
 
73,490
2,967,526
TOTAL CONSUMER STAPLES
 
 
57,152,861
ENERGY - 13.6%
 
 
 
Oil, Gas & Consumable Fuels - 13.6%
 
 
 
Canadian Natural Resources Ltd. (a)(b)
 
368,500
17,161,045
Exxon Mobil Corp.
 
1,158,387
101,138,769
Hess Corp. (c)
 
246,416
26,856,880
Imperial Oil Ltd.
 
233,600
10,114,465
Phillips 66 Co.
 
10,600
855,632
 
 
 
156,126,791
FINANCIALS - 16.4%
 
 
 
Banks - 14.8%
 
 
 
Bank of America Corp. (c)
 
1,646,251
49,716,780
JPMorgan Chase & Co.
 
266,530
27,852,385
PNC Financial Services Group, Inc.
 
79,931
11,943,290
Truist Financial Corp.
 
2,700
117,558
U.S. Bancorp
 
193,512
7,802,404
Wells Fargo & Co.
 
1,789,111
71,958,044
 
 
 
169,390,461
Capital Markets - 0.4%
 
 
 
Charles Schwab Corp.
 
62,100
4,463,127
Consumer Finance - 0.1%
 
 
 
American Express Co.
 
8,600
1,160,226
Diversified Financial Services - 1.1%
 
 
 
Berkshire Hathaway, Inc. Class B (a)
 
46,800
12,496,536
TOTAL FINANCIALS
 
 
187,510,350
HEALTH CARE - 12.8%
 
 
 
Health Care Equipment & Supplies - 2.4%
 
 
 
Abbott Laboratories
 
24,900
2,409,324
Boston Scientific Corp. (a)
 
484,019
18,746,056
Koninklijke Philips Electronics NV (depositary receipt) (NY Reg.)
 
123,212
1,896,233
Medtronic PLC
 
55,796
4,505,527
 
 
 
27,557,140
Health Care Providers & Services - 3.7%
 
 
 
Cigna Corp.
 
38,762
10,755,292
Humana, Inc.
 
5,000
2,425,950
UnitedHealth Group, Inc.
 
58,298
29,442,822
 
 
 
42,624,064
Life Sciences Tools & Services - 0.9%
 
 
 
Danaher Corp.
 
39,310
10,153,380
Pharmaceuticals - 5.8%
 
 
 
Bristol-Myers Squibb Co. (c)
 
316,399
22,492,805
Eli Lilly & Co.
 
27,500
8,892,125
GSK PLC sponsored ADR
 
290,466
8,548,414
Johnson & Johnson
 
135,913
22,202,748
Sanofi SA sponsored ADR
 
97,673
3,713,527
 
 
 
65,849,619
TOTAL HEALTH CARE
 
 
146,184,203
INDUSTRIALS - 13.3%
 
 
 
Aerospace & Defense - 3.6%
 
 
 
Airbus Group NV
 
122,600
10,568,166
Raytheon Technologies Corp.
 
125,530
10,275,886
The Boeing Co. (a)
 
170,600
20,656,248
 
 
 
41,500,300
Air Freight & Logistics - 1.9%
 
 
 
FedEx Corp.
 
5,500
816,585
United Parcel Service, Inc. Class B (c)
 
127,779
20,641,420
 
 
 
21,458,005
Building Products - 0.0%
 
 
 
Johnson Controls International PLC
 
8,500
418,370
Electrical Equipment - 0.4%
 
 
 
Rockwell Automation, Inc.
 
19,700
4,237,667
Industrial Conglomerates - 5.9%
 
 
 
General Electric Co.
 
1,094,204
67,742,170
Machinery - 1.5%
 
 
 
Caterpillar, Inc.
 
54,800
8,991,584
Deere & Co.
 
22,200
7,412,358
Epiroc AB (B Shares)
 
55,012
693,683
 
 
 
17,097,625
TOTAL INDUSTRIALS
 
 
152,454,137
INFORMATION TECHNOLOGY - 20.3%
 
 
 
IT Services - 3.9%
 
 
 
Fidelity National Information Services, Inc.
 
51,400
3,884,298
Fiserv, Inc. (a)
 
23,000
2,152,110
Kyndryl Holdings, Inc. (a)
 
220
1,819
MasterCard, Inc. Class A
 
24,252
6,895,814
PayPal Holdings, Inc. (a)
 
50,600
4,355,142
Twilio, Inc. Class A (a)
 
25,500
1,763,070
Visa, Inc. Class A
 
142,988
25,401,818
 
 
 
44,454,071
Semiconductors & Semiconductor Equipment - 3.4%
 
 
 
Applied Materials, Inc.
 
134,274
11,001,069
ASML Holding NV
 
5,136
2,133,238
Intel Corp.
 
171,100
4,409,247
Lam Research Corp.
 
20,300
7,429,800
NVIDIA Corp.
 
5,300
643,367
Qualcomm, Inc.
 
114,616
12,949,316
 
 
 
38,566,037
Software - 7.8%
 
 
 
Adobe, Inc. (a)
 
13,300
3,660,160
Microsoft Corp.
 
327,466
76,266,831
Salesforce.com, Inc. (a)
 
15,900
2,287,056
SAP SE sponsored ADR
 
85,500
6,946,875
 
 
 
89,160,922
Technology Hardware, Storage & Peripherals - 5.2%
 
 
 
Apple, Inc. (c)
 
436,242
60,288,644
TOTAL INFORMATION TECHNOLOGY
 
 
232,469,674
MATERIALS - 3.2%
 
 
 
Chemicals - 0.7%
 
 
 
DuPont de Nemours, Inc.
 
146,528
7,385,011
Linde PLC
 
4,500
1,213,155
 
 
 
8,598,166
Metals & Mining - 2.5%
 
 
 
Freeport-McMoRan, Inc.
 
769,000
21,016,770
Glencore PLC
 
1,388,500
7,296,591
 
 
 
28,313,361
TOTAL MATERIALS
 
 
36,911,527
REAL ESTATE - 0.7%
 
 
 
Equity Real Estate Investment Trusts (REITs) - 0.7%
 
 
 
American Tower Corp.
 
8,500
1,824,950
Simon Property Group, Inc.
 
67,900
6,094,025
 
 
 
7,918,975
UTILITIES - 0.1%
 
 
 
Electric Utilities - 0.1%
 
 
 
NextEra Energy, Inc.
 
4,000
313,640
Southern Co.
 
16,200
1,101,600
 
 
 
1,415,240
 
TOTAL COMMON STOCKS
 (Cost $862,036,434)
 
 
 
1,146,100,538
 
 
 
 
Other - 0.3%
 
 
Shares
Value ($)
 
Other - 0.3%
 
 
 
Utica Shale Drilling Program (non-operating revenue interest) (d)(e)(f)
  (Cost $8,855,569)
 
7,127,347
3,133,809
 
 
 
 
Money Market Funds - 1.3%
 
 
Shares
Value ($)
 
Fidelity Securities Lending Cash Central Fund 3.10% (g)(h)
 
 (Cost $15,528,300)
 
 
15,526,747
15,528,300
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 101.7%
 (Cost $886,420,303)
 
 
 
1,164,762,647
NET OTHER ASSETS (LIABILITIES) - (1.7)%  
(19,525,426)
NET ASSETS - 100.0%
1,145,237,221
 
 
 Written Options
 
Counterparty
Number
of Contracts
Notional
Amount ($)
Exercise
Price ($)
Expiration
Date
Value ($)
Call Options
 
 
 
 
 
 
Apple, Inc.
Chicago Board Options Exchange
200
2,764,000
190.00
10/21/22
(300)
Bank of America Corp.
Chicago Board Options Exchange
1,600
4,832,000
40.00
10/21/22
(2,400)
Bristol-Myers Squibb Co.
Chicago Board Options Exchange
300
2,132,700
80.00
11/18/22
(7,350)
Hess Corp.
Chicago Board Options Exchange
200
2,179,800
130.00
10/21/22
(9,500)
United Parcel Service, Inc.
Chicago Board Options Exchange
100
1,615,400
220.00
10/21/22
(500)
 
 
 
 
 
 
 
TOTAL WRITTEN OPTIONS
 
 
 
 
 
(20,050)
 
Legend
 
(a)
Non-income producing
 
(b)
Security or a portion of the security is on loan at period end.
 
(c)
Security or a portion of the security is pledged as collateral for call options written. At period end, the value of securities pledged amounted to $13,523,900.
 
(d)
Investment is owned by a wholly-owned subsidiary (Subsidiary) that is treated as a corporation for U.S. tax purposes.
 
(e)
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 $3,133,809 or 0.3% 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)
10/05/16 - 12/16/20
8,855,568
 
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 3.10%
23,229,078
10,429,851
33,658,929
35,082
-
-
-
0.0%
Fidelity Securities Lending Cash Central Fund 3.10%
-
38,952,765
23,424,465
1,329
-
-
15,528,300
0.0%
Total
23,229,078
49,382,616
57,083,394
36,411
-
-
15,528,300
 
 
 
 
 
 
 
 
 
 
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 designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services 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 the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.   
 
The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
 
Level 1 - Unadjusted 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 service 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.
 
Exchange-traded options are valued using the last sale price or, in the absence of a sale, the last offering price and are categorized as Level 1 in the hierarchy.
 
Investments in 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.
 
Derivative Instruments
Risk Exposures and the Use of Derivative Instruments: The Fund's investment objectives allow the Fund to enter into various types of derivative contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.
 
The Fund used derivatives to increase returns, to gain exposure to certain types of assets and/or to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Fund may not achieve its objectives.  
 
The Fund's use of derivatives increased or decreased its exposure to the following risk(s):
 
Equity Risk - Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment.
 
Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.  
 
Options: Options give the purchaser the right, but not the obligation, to buy (call) or sell (put) an underlying security or financial instrument at an agreed exercise or strike price between or on certain dates. Options obligate the seller (writer) to buy (put) or sell (call) an underlying instrument at the exercise or strike price or cash settle an underlying derivative instrument if the holder exercises the option on or before the expiration date.
 
The Fund used exchange-traded options to manage its exposure to the stock market.
 
Open options at period end are presented in the Schedule of Investments under the captions "Purchased Options," "Purchased Swaptions," "Written Options" and "Written Swaptions." Writing puts and buying calls tend to increase exposure to the underlying instrument while buying puts and writing calls tend to decrease exposure to the underlying instrument. For purchased options, risk of loss is limited to the premium paid, and for written options, risk of loss is the change in value in excess of the premium received.
 
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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