0001752724-23-115452.txt : 20230525 0001752724-23-115452.hdr.sgml : 20230525 20230525090553 ACCESSION NUMBER: 0001752724-23-115452 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230331 FILED AS OF DATE: 20230525 DATE AS OF CHANGE: 20230525 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: 23956632 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 C000019194 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Smith Stacie M. Smith Stacie M. Smith President and Treasurer XXXX NPORT-EX 2 QTLY_361_20230331.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Mega Cap Stock Fund
March 31, 2023
GII-NPRT3-0523
1.799848.119
Common Stocks - 94.8%
 
 
Shares
Value ($)
 
COMMUNICATION SERVICES - 9.4%
 
 
 
Entertainment - 1.5%
 
 
 
The Walt Disney Co. (a)
 
108,299
10,843,979
Universal Music Group NV
 
421,599
10,676,890
 
 
 
21,520,869
Interactive Media & Services - 6.5%
 
 
 
Alphabet, Inc.:
 
 
 
 Class A (a)
 
353,100
36,627,063
 Class C (a)
 
336,000
34,944,000
Meta Platforms, Inc. Class A (a)
 
101,200
21,448,328
 
 
 
93,019,391
Media - 1.4%
 
 
 
Charter Communications, Inc. Class A (a)
 
3,400
1,215,874
Comcast Corp. Class A
 
485,297
18,397,609
 
 
 
19,613,483
TOTAL COMMUNICATION SERVICES
 
 
134,153,743
CONSUMER DISCRETIONARY - 4.1%
 
 
 
Broadline Retail - 0.2%
 
 
 
Amazon.com, Inc. (a)
 
31,800
3,284,622
Hotels, Restaurants & Leisure - 2.0%
 
 
 
Booking Holdings, Inc. (a)
 
8,948
23,733,765
Marriott International, Inc. Class A
 
23,600
3,918,544
Starbucks Corp.
 
6,100
635,193
 
 
 
28,287,502
Household Durables - 0.8%
 
 
 
Sony Group Corp. sponsored ADR
 
121,000
10,968,650
Specialty Retail - 1.0%
 
 
 
Lowe's Companies, Inc. (b)
 
66,311
13,260,211
TJX Companies, Inc.
 
17,700
1,386,972
 
 
 
14,647,183
Textiles, Apparel & Luxury Goods - 0.1%
 
 
 
NIKE, Inc. Class B
 
15,100
1,851,864
TOTAL CONSUMER DISCRETIONARY
 
 
59,039,821
CONSUMER STAPLES - 4.4%
 
 
 
Beverages - 2.4%
 
 
 
Diageo PLC
 
364,862
16,283,673
Keurig Dr. Pepper, Inc.
 
198,700
7,010,136
The Coca-Cola Co.
 
179,700
11,146,791
 
 
 
34,440,600
Food & Staples Retailing - 1.3%
 
 
 
Costco Wholesale Corp.
 
1,300
645,931
Sysco Corp.
 
119,799
9,252,077
Target Corp.
 
10,500
1,739,115
Walmart, Inc.
 
51,900
7,652,655
 
 
 
19,289,778
Food Products - 0.1%
 
 
 
Mondelez International, Inc.
 
17,900
1,247,988
Household Products - 0.2%
 
 
 
Procter & Gamble Co.
 
15,110
2,246,706
Personal Products - 0.3%
 
 
 
Haleon PLC ADR
 
456,033
3,712,109
Tobacco - 0.1%
 
 
 
Altria Group, Inc.
 
39,690
1,770,968
TOTAL CONSUMER STAPLES
 
 
62,708,149
ENERGY - 11.9%
 
 
 
Oil, Gas & Consumable Fuels - 11.9%
 
 
 
Canadian Natural Resources Ltd.
 
361,500
20,009,025
Exxon Mobil Corp.
 
1,030,487
113,003,204
Hess Corp.
 
177,316
23,465,999
Imperial Oil Ltd.
 
257,400
13,089,976
 
 
 
169,568,204
FINANCIALS - 17.1%
 
 
 
Banks - 12.2%
 
 
 
Bank of America Corp. (b)
 
1,725,251
49,342,179
JPMorgan Chase & Co.
 
259,430
33,806,323
PNC Financial Services Group, Inc.
 
89,731
11,404,810
Truist Financial Corp.
 
41,100
1,401,510
U.S. Bancorp
 
207,212
7,469,993
Wells Fargo & Co.
 
1,867,206
69,796,160
 
 
 
173,220,975
Capital Markets - 0.2%
 
 
 
Charles Schwab Corp.
 
58,800
3,079,944
Consumer Finance - 0.1%
 
 
 
American Express Co.
 
9,500
1,567,025
Diversified Financial Services - 1.0%
 
 
 
Berkshire Hathaway, Inc. Class B (a)
 
45,900
14,172,543
Financial Services - 3.6%
 
 
 
Fidelity National Information Services, Inc.
 
49,800
2,705,634
Fiserv, Inc. (a)
 
23,000
2,599,690
MasterCard, Inc. Class A
 
26,752
9,721,944
PayPal Holdings, Inc. (a)
 
49,200
3,736,248
Visa, Inc. Class A
 
144,888
32,666,448
 
 
 
51,429,964
TOTAL FINANCIALS
 
 
243,470,451
HEALTH CARE - 11.8%
 
 
 
Health Care Equipment & Supplies - 3.5%
 
 
 
Abbott Laboratories
 
27,700
2,804,902
Boston Scientific Corp. (a)
 
460,219
23,024,757
GE Healthcare Holding LLC (b)
 
216,398
17,751,128
Koninklijke Philips Electronics NV (depository receipt) (NY Reg.)
 
123,212
2,260,940
Medtronic PLC
 
54,296
4,377,344
 
 
 
50,219,071
Health Care Providers & Services - 2.9%
 
 
 
Cigna Group
 
36,962
9,444,900
Humana, Inc.
 
5,000
2,427,300
UnitedHealth Group, Inc.
 
63,998
30,244,815
 
 
 
42,117,015
Life Sciences Tools & Services - 0.8%
 
 
 
Danaher Corp.
 
43,310
10,915,852
Pharmaceuticals - 4.6%
 
 
 
Bristol-Myers Squibb Co.
 
301,899
20,924,620
Eli Lilly & Co.
 
30,200
10,371,284
GSK PLC sponsored ADR
 
277,466
9,872,240
Johnson & Johnson
 
131,213
20,338,015
Sanofi SA sponsored ADR
 
74,173
4,036,495
 
 
 
65,542,654
TOTAL HEALTH CARE
 
 
168,794,592
INDUSTRIALS - 12.9%
 
 
 
Aerospace & Defense - 4.5%
 
 
 
Airbus Group NV
 
118,700
15,854,465
Raytheon Technologies Corp.
 
123,130
12,058,121
The Boeing Co. (a)
 
171,600
36,452,988
 
 
 
64,365,574
Air Freight & Logistics - 1.8%
 
 
 
FedEx Corp.
 
5,500
1,256,695
United Parcel Service, Inc. Class B
 
122,379
23,740,302
 
 
 
24,996,997
Building Products - 0.0%
 
 
 
Johnson Controls International PLC
 
8,500
511,870
Electrical Equipment - 0.4%
 
 
 
Rockwell Automation, Inc.
 
17,100
5,017,995
Industrial Conglomerates - 4.9%
 
 
 
General Electric Co.
 
728,394
69,634,466
Machinery - 1.3%
 
 
 
Caterpillar, Inc.
 
51,000
11,670,840
Deere & Co.
 
17,080
7,051,990
 
 
 
18,722,830
TOTAL INDUSTRIALS
 
 
183,249,732
INFORMATION TECHNOLOGY - 18.9%
 
 
 
IT Services - 0.1%
 
 
 
Kyndryl Holdings, Inc. (a)
 
220
3,247
Twilio, Inc. Class A (a)
 
22,900
1,525,827
 
 
 
1,529,074
Semiconductors & Semiconductor Equipment - 4.1%
 
 
 
Applied Materials, Inc.
 
131,674
16,173,517
ASML Holding NV (depository receipt)
 
5,136
3,496,127
Intel Corp.
 
65,100
2,126,817
Lam Research Corp.
 
20,100
10,655,412
Marvell Technology, Inc.
 
77,918
3,373,849
NVIDIA Corp. (b)
 
22,800
6,333,156
Qualcomm, Inc.
 
102,116
13,027,959
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR
 
37,900
3,525,458
 
 
 
58,712,295
Software - 9.7%
 
 
 
Adobe, Inc. (a)
 
28,510
10,986,899
Intuit, Inc.
 
9,200
4,101,636
Microsoft Corp.
 
376,866
108,650,468
Salesforce, Inc. (a)
 
17,900
3,576,062
SAP SE sponsored ADR
 
83,300
10,541,615
 
 
 
137,856,680
Technology Hardware, Storage & Peripherals - 5.0%
 
 
 
Apple, Inc.
 
428,542
70,666,576
TOTAL INFORMATION TECHNOLOGY
 
 
268,764,625
MATERIALS - 3.4%
 
 
 
Chemicals - 0.7%
 
 
 
DuPont de Nemours, Inc. (b)
 
122,318
8,778,763
Linde PLC
 
4,500
1,599,480
 
 
 
10,378,243
Metals & Mining - 2.7%
 
 
 
Freeport-McMoRan, Inc.
 
734,100
30,032,031
Glencore PLC
 
1,361,900
7,836,671
 
 
 
37,868,702
TOTAL MATERIALS
 
 
48,246,945
REAL ESTATE - 0.7%
 
 
 
Equity Real Estate Investment Trusts (REITs) - 0.7%
 
 
 
American Tower Corp.
 
11,100
2,268,174
Crown Castle International Corp.
 
4,700
629,048
Simon Property Group, Inc.
 
66,100
7,401,217
 
 
 
10,298,439
UTILITIES - 0.2%
 
 
 
Electric Utilities - 0.2%
 
 
 
Southern Co.
 
35,300
2,456,174
 
TOTAL COMMON STOCKS
 (Cost $822,296,390)
 
 
 
1,350,750,875
 
 
 
 
Other - 0.2%
 
 
Shares
Value ($)
 
Other - 0.2%
 
 
 
Utica Shale Drilling Program (non-operating revenue interest) (c)(d)(e)
  (Cost $8,257,344)
 
7,127,347
2,785,460
 
 
 
 
Money Market Funds - 4.9%
 
 
Shares
Value ($)
 
Fidelity Cash Central Fund 4.86% (f)
 
 (Cost $70,637,723)
 
 
70,623,598
70,637,723
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 99.9%
 (Cost $901,191,457)
 
 
 
1,424,174,058
NET OTHER ASSETS (LIABILITIES) - 0.1%  
901,330
NET ASSETS - 100.0%
1,425,075,388
 
 
 Written Options
 
Counterparty
Number
of Contracts
Notional
Amount ($)
Exercise
Price ($)
Expiration
Date
Value ($)
Call Options
 
 
 
 
 
 
Bank of America Corp.
Chicago Board Options Exchange
800
2,288,000
39.00
04/21/23
(1,200)
DuPont de Nemours, Inc.
Chicago Board Options Exchange
600
4,306,200
80.00
04/21/23
(6,000)
GE HealthCare Technologies, Inc.
Chicago Board Options Exchange
300
2,460,900
70.00
04/21/23
(370,500)
GE HealthCare Technologies, Inc.
Chicago Board Options Exchange
600
4,921,800
80.00
04/21/23
(195,000)
Lowe's Companies, Inc.
Chicago Board Options Exchange
100
1,999,700
230.00
04/21/23
(750)
NVIDIA Corp.
Chicago Board Options Exchange
45
1,249,965
290.00
05/19/23
(58,050)
 
 
 
 
 
 
 
TOTAL WRITTEN OPTIONS
 
 
 
 
 
(631,500)
 
Legend
 
(a)
Non-income producing
 
(b)
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 $17,226,565.
 
(c)
Investment is owned by a wholly-owned subsidiary (Subsidiary) that is treated as a corporation for U.S. tax purposes.
 
(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 $2,785,460 or 0.2% of net assets.
 
(e)
Level 3 security
 
(f)
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.
 
 
 
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
8,257,344
 
 
 
 
 
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 4.86%
23,229,078
129,718,663
82,310,018
669,615
-
-
70,637,723
0.2%
Fidelity Securities Lending Cash Central Fund 4.87%
-
77,834,258
77,834,258
2,223
-
-
-
0.0%
Total
23,229,078
207,552,921
160,144,276
671,838
-
-
70,637,723
 
 
 
 
 
 
 
 
 
 
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
 
Amounts in the dividend income column 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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