UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-3583
Fidelity Mt. Vernon Street Trust
(Exact name of registrant as specified in charter)
82 Devonshire St., Boston, Massachusetts 02109
(Address of principal executive offices) (Zip code)
Scott C. Goebel, Secretary
82 Devonshire St.
Boston, Massachusetts 02109
(Name and address of agent for service)
Registrant's telephone number, including area code: 617-563-7000
Date of fiscal year end: |
November 30 |
|
|
Date of reporting period: |
August 31, 2012 |
Item 1. Schedule of Investments
Quarterly Holdings Report
for
Fidelity Advisor® 130/30
Large Cap Fund:
Class A
Class T
Class B
Class C
Institutional Class
August 31, 2012
Class A, Class T, Class B, Class C and
Institutional Class
are classes of Fidelity® 130/30
Large Cap Fund
1.859223.104
AFLC-QTLY-1012
Showing Percentage of Net Assets
LONG STOCK POSITIONS (c) - 132.4% |
|||
Shares |
Value |
||
COMMON STOCKS - 130.6% |
|||
CONSUMER DISCRETIONARY - 14.3% |
|||
Auto Components - 1.1% |
|||
Delphi Automotive PLC |
3,600 |
$ 109,044 |
|
TRW Automotive Holdings Corp. (a) |
2,600 |
113,646 |
|
|
222,690 |
||
Hotels, Restaurants & Leisure - 3.2% |
|||
Brinker International, Inc. |
6,200 |
213,652 |
|
Icahn Enterprises LP rights (a) |
10,900 |
0 |
|
Ruth's Hospitality Group, Inc. (a) |
15,900 |
97,308 |
|
Wyndham Worldwide Corp. |
7,100 |
370,194 |
|
|
681,154 |
||
Household Durables - 0.5% |
|||
Jarden Corp. |
2,200 |
106,326 |
|
Internet & Catalog Retail - 0.8% |
|||
Expedia, Inc. |
3,200 |
164,352 |
|
Media - 3.4% |
|||
Carmike Cinemas, Inc. (a) |
6,400 |
73,600 |
|
CBS Corp. Class B |
8,700 |
316,158 |
|
Sirius XM Radio, Inc. (a) |
40,800 |
103,224 |
|
Valassis Communications, Inc. (a) |
9,000 |
225,630 |
|
|
718,612 |
||
Specialty Retail - 2.1% |
|||
Foot Locker, Inc. |
3,100 |
107,167 |
|
Guess?, Inc. |
3,200 |
83,392 |
|
TJX Companies, Inc. |
4,500 |
206,055 |
|
West Marine, Inc. (a) |
5,200 |
54,080 |
|
|
450,694 |
||
Textiles, Apparel & Luxury Goods - 3.2% |
|||
Iconix Brand Group, Inc. (a) |
6,200 |
115,940 |
|
PVH Corp. |
4,700 |
441,330 |
|
Skechers U.S.A., Inc. Class A (sub. vtg.) (a) |
5,100 |
110,517 |
|
|
667,787 |
||
TOTAL CONSUMER DISCRETIONARY |
3,011,615 |
||
CONSUMER STAPLES - 13.2% |
|||
Beverages - 5.0% |
|||
Anheuser-Busch InBev SA NV |
7,100 |
597,340 |
|
Constellation Brands, Inc. Class A (sub. vtg.) (a) |
13,900 |
457,866 |
|
|
1,055,206 |
||
LONG STOCK POSITIONS (c) - continued |
|||
Shares |
Value |
||
COMMON STOCKS - continued |
|||
CONSUMER STAPLES - continued |
|||
Food & Staples Retailing - 2.8% |
|||
CVS Caremark Corp. |
8,600 |
$ 391,730 |
|
Wal-Mart Stores, Inc. |
2,700 |
196,020 |
|
|
587,750 |
||
Food Products - 1.6% |
|||
Dean Foods Co. (a) |
6,300 |
103,446 |
|
The J.M. Smucker Co. |
1,300 |
110,461 |
|
Tyson Foods, Inc. Class A |
7,100 |
111,186 |
|
|
325,093 |
||
Household Products - 0.5% |
|||
Spectrum Brands Holdings, Inc. |
2,800 |
103,124 |
|
Personal Products - 1.8% |
|||
Elizabeth Arden, Inc. (a) |
6,000 |
279,240 |
|
Prestige Brands Holdings, Inc. (a) |
6,370 |
102,302 |
|
|
381,542 |
||
Tobacco - 1.5% |
|||
Imperial Tobacco Group PLC |
5,605 |
218,582 |
|
Japan Tobacco, Inc. |
3,100 |
93,996 |
|
|
312,578 |
||
TOTAL CONSUMER STAPLES |
2,765,293 |
||
ENERGY - 15.6% |
|||
Energy Equipment & Services - 3.6% |
|||
Ensco PLC Class A |
1,800 |
103,266 |
|
Helix Energy Solutions Group, Inc. (a) |
13,400 |
236,108 |
|
National Oilwell Varco, Inc. |
2,900 |
228,520 |
|
Oil States International, Inc. (a) |
1,300 |
101,712 |
|
Transocean Ltd. (United States) |
1,750 |
85,803 |
|
|
755,409 |
||
Oil, Gas & Consumable Fuels - 12.0% |
|||
Chevron Corp. |
5,300 |
594,448 |
|
Energy Partners Ltd. (a) |
5,700 |
98,154 |
|
HollyFrontier Corp. |
10,284 |
414,342 |
|
Marathon Petroleum Corp. |
6,300 |
326,025 |
|
Phillips 66 |
5,100 |
214,200 |
|
LONG STOCK POSITIONS (c) - continued |
|||
Shares |
Value |
||
COMMON STOCKS - continued |
|||
ENERGY - continued |
|||
Oil, Gas & Consumable Fuels - continued |
|||
Tesoro Corp. |
10,800 |
$ 429,192 |
|
Valero Energy Corp. |
14,500 |
453,270 |
|
|
2,529,631 |
||
TOTAL ENERGY |
3,285,040 |
||
FINANCIALS - 18.2% |
|||
Commercial Banks - 6.2% |
|||
CapitalSource, Inc. |
57,800 |
400,554 |
|
Wells Fargo & Co. |
26,200 |
891,586 |
|
|
1,292,140 |
||
Consumer Finance - 3.2% |
|||
Capital One Financial Corp. |
4,400 |
248,732 |
|
Discover Financial Services |
10,900 |
422,157 |
|
|
670,889 |
||
Diversified Financial Services - 3.5% |
|||
JPMorgan Chase & Co. |
19,800 |
735,372 |
|
Insurance - 3.9% |
|||
Assured Guaranty Ltd. |
15,000 |
198,000 |
|
Lincoln National Corp. |
4,700 |
109,134 |
|
MetLife, Inc. |
12,100 |
412,973 |
|
Montpelier Re Holdings Ltd. |
4,700 |
101,332 |
|
|
821,439 |
||
Real Estate Investment Trusts - 0.5% |
|||
Coresite Realty Corp. |
3,900 |
106,041 |
|
Real Estate Management & Development - 0.9% |
|||
Altisource Portfolio Solutions SA (a) |
2,300 |
193,867 |
|
TOTAL FINANCIALS |
3,819,748 |
||
HEALTH CARE - 17.8% |
|||
Biotechnology - 6.7% |
|||
Amgen, Inc. |
9,400 |
788,848 |
|
PDL BioPharma, Inc. |
33,400 |
245,824 |
|
Spectrum Pharmaceuticals, Inc. (a) |
17,500 |
209,300 |
|
Threshold Pharmaceuticals, Inc. (a) |
6,400 |
56,384 |
|
United Therapeutics Corp. (a) |
1,900 |
102,828 |
|
|
1,403,184 |
||
LONG STOCK POSITIONS (c) - continued |
|||
Shares |
Value |
||
COMMON STOCKS - continued |
|||
HEALTH CARE - continued |
|||
Health Care Equipment & Supplies - 1.0% |
|||
CareFusion Corp. (a) |
7,900 |
$ 207,533 |
|
Health Care Providers & Services - 3.8% |
|||
Community Health Systems, Inc. (a) |
22,100 |
597,584 |
|
Omnicare, Inc. |
6,100 |
197,518 |
|
|
795,102 |
||
Pharmaceuticals - 6.3% |
|||
Impax Laboratories, Inc. (a) |
4,300 |
101,781 |
|
Jazz Pharmaceuticals PLC (a) |
2,300 |
104,673 |
|
Mylan, Inc. (a) |
8,800 |
207,416 |
|
Sanofi SA sponsored ADR |
15,300 |
626,535 |
|
Warner Chilcott PLC |
5,900 |
80,358 |
|
Watson Pharmaceuticals, Inc. (a) |
2,500 |
203,375 |
|
|
1,324,138 |
||
TOTAL HEALTH CARE |
3,729,957 |
||
INDUSTRIALS - 11.2% |
|||
Aerospace & Defense - 3.2% |
|||
Ducommun, Inc. (a) |
3,600 |
52,848 |
|
Textron, Inc. |
23,400 |
625,248 |
|
|
678,096 |
||
Building Products - 1.1% |
|||
A.O. Smith Corp. |
2,000 |
109,420 |
|
Owens Corning (a) |
3,400 |
113,424 |
|
|
222,844 |
||
Commercial Services & Supplies - 1.4% |
|||
Republic Services, Inc. |
6,900 |
190,785 |
|
Unifirst Corp. Massachusetts |
1,600 |
101,616 |
|
|
292,401 |
||
Construction & Engineering - 1.5% |
|||
Jacobs Engineering Group, Inc. (a) |
2,600 |
102,804 |
|
MasTec, Inc. (a) |
5,700 |
103,968 |
|
Quanta Services, Inc. (a) |
4,100 |
98,400 |
|
|
305,172 |
||
Machinery - 2.6% |
|||
Ingersoll-Rand PLC |
2,500 |
116,900 |
|
Manitowoc Co., Inc. |
16,600 |
213,808 |
|
LONG STOCK POSITIONS (c) - continued |
|||
Shares |
Value |
||
COMMON STOCKS - continued |
|||
INDUSTRIALS - continued |
|||
Machinery - continued |
|||
Terex Corp. (a) |
5,100 |
$ 112,557 |
|
Valmont Industries, Inc. |
800 |
101,400 |
|
|
544,665 |
||
Professional Services - 0.9% |
|||
Equifax, Inc. |
2,200 |
100,716 |
|
Kforce, Inc. (a) |
7,600 |
89,072 |
|
|
189,788 |
||
Trading Companies & Distributors - 0.5% |
|||
AerCap Holdings NV (a) |
8,800 |
111,320 |
|
TOTAL INDUSTRIALS |
2,344,286 |
||
INFORMATION TECHNOLOGY - 26.1% |
|||
Communications Equipment - 1.2% |
|||
Brocade Communications Systems, Inc. (a) |
43,500 |
252,300 |
|
Computers & Peripherals - 6.5% |
|||
Apple, Inc. |
700 |
465,668 |
|
Hewlett-Packard Co. |
38,500 |
649,880 |
|
Lexmark International, Inc. Class A |
11,000 |
238,810 |
|
|
1,354,358 |
||
Electronic Equipment & Components - 1.4% |
|||
Benchmark Electronics, Inc. (a) |
3,200 |
51,360 |
|
Flextronics International Ltd. (a) |
36,800 |
247,664 |
|
|
299,024 |
||
Internet Software & Services - 0.2% |
|||
Facebook, Inc.: |
|
|
|
Class A |
700 |
12,656 |
|
Class B (a)(d) |
1,558 |
25,352 |
|
|
38,008 |
||
IT Services - 7.8% |
|||
Acxiom Corp. (a) |
12,900 |
220,074 |
|
Fidelity National Information Services, Inc. |
5,900 |
185,850 |
|
Fiserv, Inc. (a) |
1,400 |
99,834 |
|
HiSoft Technology International Ltd. ADR (a) |
860 |
9,761 |
|
Teradata Corp. (a) |
1,400 |
106,932 |
|
Total System Services, Inc. |
8,100 |
187,758 |
|
Visa, Inc. Class A |
4,900 |
628,425 |
|
WNS Holdings Ltd. sponsored ADR (a) |
20,100 |
208,638 |
|
|
1,647,272 |
||
LONG STOCK POSITIONS (c) - continued |
|||
Shares |
Value |
||
COMMON STOCKS - continued |
|||
INFORMATION TECHNOLOGY - continued |
|||
Semiconductors & Semiconductor Equipment - 4.2% |
|||
GT Advanced Technologies, Inc. (a) |
20,300 |
$ 117,740 |
|
Micron Technology, Inc. (a) |
16,000 |
99,360 |
|
NXP Semiconductors NV (a) |
4,400 |
102,608 |
|
Samsung Electronics Co. Ltd. |
369 |
401,289 |
|
Skyworks Solutions, Inc. (a) |
1,800 |
54,828 |
|
Spansion, Inc. Class A |
8,500 |
97,155 |
|
|
872,980 |
||
Software - 4.8% |
|||
Microsoft Corp. |
32,700 |
1,007,813 |
|
TOTAL INFORMATION TECHNOLOGY |
5,471,755 |
||
MATERIALS - 4.7% |
|||
Chemicals - 2.4% |
|||
Ashland, Inc. |
1,500 |
110,445 |
|
Eastman Chemical Co. |
1,900 |
104,994 |
|
LyondellBasell Industries NV Class A |
2,500 |
122,100 |
|
Sherwin-Williams Co. |
400 |
57,232 |
|
Valspar Corp. |
2,000 |
106,680 |
|
|
501,451 |
||
Metals & Mining - 2.3% |
|||
Nucor Corp. |
5,100 |
192,015 |
|
Reliance Steel & Aluminum Co. |
4,000 |
205,720 |
|
Steel Dynamics, Inc. |
7,900 |
96,538 |
|
|
494,273 |
||
TOTAL MATERIALS |
995,724 |
||
TELECOMMUNICATION SERVICES - 4.3% |
|||
Diversified Telecommunication Services - 2.9% |
|||
CenturyLink, Inc. |
9,400 |
397,244 |
|
Nippon Telegraph & Telephone Corp. sponsored ADR |
8,900 |
205,501 |
|
|
602,745 |
||
Wireless Telecommunication Services - 1.4% |
|||
MetroPCS Communications, Inc. (a) |
10,600 |
103,138 |
|
Vodafone Group PLC sponsored ADR |
6,900 |
199,548 |
|
|
302,686 |
||
TOTAL TELECOMMUNICATION SERVICES |
905,431 |
||
LONG STOCK POSITIONS (c) - continued |
|||
Shares |
Value |
||
COMMON STOCKS - continued |
|||
UTILITIES - 5.2% |
|||
Electric Utilities - 3.1% |
|||
NextEra Energy, Inc. |
1,400 |
$ 94,234 |
|
Pinnacle West Capital Corp. |
4,000 |
205,480 |
|
PNM Resources, Inc. |
16,600 |
341,462 |
|
|
641,176 |
||
Independent Power Producers & Energy Traders - 1.2% |
|||
The AES Corp. |
23,000 |
261,970 |
|
Multi-Utilities - 0.9% |
|||
PG&E Corp. |
4,400 |
191,004 |
|
TOTAL UTILITIES |
1,094,150 |
||
TOTAL COMMON STOCKS (Cost $25,859,196) |
|
||
NONCONVERTIBLE PREFERRED STOCKS - 1.8% |
|||
CONSUMER DISCRETIONARY - 1.8% |
|||
Automobiles - 1.8% |
|||
Volkswagen AG |
2,100 |
370,850 |
|
TOTAL LONG STOCK POSITIONS - 132.4% (Cost $26,229,986) |
|
||
Money Market Funds - 3.2% |
|||
|
|
|
|
Fidelity Cash Central Fund, 0.17% (b) |
681,197 |
|
|
TOTAL INVESTMENT PORTFOLIO - 135.6% (Cost $26,911,183) |
28,475,046 |
||
TOTAL SHORT STOCK POSITIONS - (33.8)% (Proceeds $7,174,021) |
|
||
NET OTHER ASSETS (LIABILITIES) - (1.8)% |
(369,011) |
||
NET ASSETS - 100% |
$ 21,004,194 |
SHORT STOCK POSITIONS - (33.8)% |
||||
|
Shares |
Value |
||
COMMON STOCKS - (33.8)% |
||||
CONSUMER DISCRETIONARY - (5.2)% |
||||
Hotels, Restaurants & Leisure - (1.5)% |
||||
MGM Mirage, Inc. |
(8,500) |
$ (83,810) |
||
Morgans Hotel Group Co. |
(23,600) |
(122,248) |
||
Wynn Resorts Ltd. |
(1,000) |
(103,170) |
||
|
(309,228) |
|||
Internet & Catalog Retail - (0.7)% |
||||
Netflix, Inc. |
(2,500) |
(149,300) |
||
Leisure Equipment & Products - (0.5)% |
||||
Callaway Golf Co. |
(18,400) |
(105,800) |
||
Multiline Retail - (0.9)% |
||||
Family Dollar Stores, Inc. |
(3,000) |
(190,920) |
||
Specialty Retail - (0.9)% |
||||
Tiffany & Co., Inc. |
(3,200) |
(198,240) |
||
Textiles, Apparel & Luxury Goods - (0.7)% |
||||
K-Swiss, Inc. Class A |
(52,200) |
(147,726) |
||
TOTAL CONSUMER DISCRETIONARY |
|
(1,101,214) |
||
CONSUMER STAPLES - (1.4)% |
||||
Food & Staples Retailing - (0.9)% |
||||
PriceSmart, Inc. |
(2,700) |
(197,478) |
||
Personal Products - (0.5)% |
||||
Estee Lauder Companies, Inc. Class A |
(1,700) |
(101,915) |
||
TOTAL CONSUMER STAPLES |
|
(299,393) |
||
ENERGY - (2.8)% |
||||
Oil, Gas & Consumable Fuels - (2.8)% |
||||
FX Energy, Inc. |
(23,100) |
(176,715) |
||
Northern Oil & Gas, Inc. |
(8,900) |
(145,426) |
||
Rex Energy Corp. |
(10,800) |
(133,812) |
||
Ultra Petroleum Corp. |
(6,900) |
(141,864) |
||
|
(597,817) |
|||
SHORT STOCK POSITIONS - continued |
||||
|
Shares |
Value |
||
COMMON STOCKS - continued |
||||
FINANCIALS - (7.2)% |
||||
Capital Markets - (1.9)% |
||||
LPL Financial |
(7,200) |
$ (206,424) |
||
T. Rowe Price Group, Inc. |
(3,000) |
(184,320) |
||
|
(390,744) |
|||
Commercial Banks - (1.1)% |
||||
Valley National Bancorp |
(13,060) |
(126,682) |
||
Westamerica Bancorp. |
(2,100) |
(97,755) |
||
|
(224,437) |
|||
Consumer Finance - (0.5)% |
||||
American Express Co. |
(1,900) |
(110,770) |
||
Insurance - (1.4)% |
||||
Kemper Corp. |
(3,400) |
(104,040) |
||
RLI Corp. |
(3,100) |
(196,416) |
||
|
(300,456) |
|||
Real Estate Investment Trusts - (1.4)% |
||||
Annaly Capital Management, Inc. |
(10,200) |
(176,562) |
||
Plum Creek Timber Co., Inc. |
(2,800) |
(114,604) |
||
|
(291,166) |
|||
Real Estate Management & Development - (0.9)% |
||||
Forestar Group, Inc. |
(12,800) |
(184,192) |
||
TOTAL FINANCIALS |
|
(1,501,765) |
||
HEALTH CARE - (6.6)% |
||||
Biotechnology - (1.0)% |
||||
Anacor Pharmaceuticals, Inc. |
(16,400) |
(100,860) |
||
Dendreon Corp. |
(6,800) |
(30,532) |
||
Verastem, Inc. |
(10,000) |
(86,200) |
||
|
(217,592) |
|||
Health Care Equipment & Supplies - (1.4)% |
||||
Becton, Dickinson & Co. |
(1,400) |
(106,372) |
||
Masimo Corp. |
(8,800) |
(194,304) |
||
|
(300,676) |
|||
Health Care Providers & Services - (1.5)% |
||||
IPC The Hospitalist Co., Inc. |
(4,700) |
(207,693) |
||
PSS World Medical, Inc. |
(5,000) |
(107,950) |
||
|
(315,643) |
|||
SHORT STOCK POSITIONS - continued |
||||
|
Shares |
Value |
||
COMMON STOCKS - continued |
||||
HEALTH CARE - continued |
||||
Health Care Technology - (1.4)% |
||||
Cerner Corp. |
(1,200) |
$ (87,768) |
||
Computer Programs & Systems, Inc. |
(3,900) |
(197,145) |
||
|
(284,913) |
|||
Life Sciences Tools & Services - (0.4)% |
||||
Sequenom, Inc. |
(20,200) |
(74,134) |
||
Pharmaceuticals - (0.9)% |
||||
Bristol-Myers Squibb Co. |
(2,700) |
(89,127) |
||
Hospira, Inc. |
(3,100) |
(104,098) |
||
|
(193,225) |
|||
TOTAL HEALTH CARE |
|
(1,386,183) |
||
INDUSTRIALS - (1.8)% |
||||
Air Freight & Logistics - (0.4)% |
||||
Expeditors International of Washington, Inc. |
(2,200) |
(80,542) |
||
Machinery - (0.5)% |
||||
SPX Corp. |
(1,600) |
(102,240) |
||
Trading Companies & Distributors - (0.9)% |
||||
Fastenal Co. |
(4,300) |
(185,287) |
||
TOTAL INDUSTRIALS |
|
(368,069) |
||
INFORMATION TECHNOLOGY - (7.1)% |
||||
Communications Equipment - (0.8)% |
||||
JDS Uniphase Corp. |
(15,100) |
(168,969) |
||
Electronic Equipment & Components - (2.6)% |
||||
Badger Meter, Inc. |
(3,000) |
(101,730) |
||
Cognex Corp. |
(2,900) |
(104,661) |
||
FARO Technologies, Inc. |
(5,800) |
(228,810) |
||
IPG Photonics Corp. |
(1,600) |
(98,384) |
||
|
(533,585) |
|||
Internet Software & Services - (0.3)% |
||||
WebMD Health Corp. |
(3,900) |
(58,266) |
||
SHORT STOCK POSITIONS - continued |
||||
|
Shares |
Value |
||
COMMON STOCKS - continued |
||||
INFORMATION TECHNOLOGY - continued |
||||
Semiconductors & Semiconductor Equipment - (2.9)% |
||||
Atmel Corp. |
(26,100) |
$ (154,773) |
||
FormFactor, Inc. |
(28,700) |
(146,083) |
||
Microchip Technology, Inc. |
(2,900) |
(100,775) |
||
Power Integrations, Inc. |
(2,900) |
(100,456) |
||
Tessera Technologies, Inc. |
(7,100) |
(108,417) |
||
|
(610,504) |
|||
Software - (0.5)% |
||||
Splunk, Inc. |
(3,300) |
(113,520) |
||
TOTAL INFORMATION TECHNOLOGY |
|
(1,484,844) |
||
MATERIALS - (0.5)% |
||||
Chemicals - (0.5)% |
||||
Ecolab, Inc. |
(1,600) |
(102,448) |
||
TELECOMMUNICATION SERVICES - (0.5)% |
||||
Wireless Telecommunication Services - (0.5)% |
||||
Crown Castle International Corp. |
(1,800) |
(114,228) |
||
UTILITIES - (0.7)% |
||||
Electric Utilities - (0.7)% |
||||
Exelon Corp. |
(4,000) |
(145,880) |
||
TOTAL SHORT STOCK POSITIONS - (33.8)% (Proceeds $7,174,021) |
$ (7,101,841) |
Legend |
(a) Non-income producing |
(b) Affiliated fund that is 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. |
(c) A portion of the securities, totaling $22,640,294, are pledged with brokers as collateral for securities sold short. |
(d) 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 $25,352 or 0.1% of net assets. |
Additional information on each restricted holding is as follows: |
Security |
Acquisition |
Acquisition |
Facebook, Inc. Class B |
3/31/11 - 5/19/11 |
$ 38,961 |
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 |
$ 538 |
Other Information |
The following is a summary of the inputs used, as of August 31, 2012, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section at the end of this listing. |
Valuation Inputs at Reporting Date: |
||||
Description |
Total |
Level 1 |
Level 2 |
Level 3 |
Investments in Securities: |
||||
Equities: |
||||
Consumer Discretionary |
$ 3,382,465 |
$ 3,382,465 |
$ - |
$ - |
Consumer Staples |
2,765,293 |
2,073,957 |
691,336 |
- |
Energy |
3,285,040 |
3,285,040 |
- |
- |
Financials |
3,819,748 |
3,819,748 |
- |
- |
Health Care |
3,729,957 |
3,729,957 |
- |
- |
Industrials |
2,344,286 |
2,344,286 |
- |
- |
Information Technology |
5,471,755 |
5,446,403 |
25,352 |
- |
Materials |
995,724 |
995,724 |
- |
- |
Telecommunication Services |
905,431 |
905,431 |
- |
- |
Utilities |
1,094,150 |
1,094,150 |
- |
- |
Money Market Funds |
681,197 |
681,197 |
- |
- |
Short Positions |
(7,101,841) |
(7,101,841) |
- |
- |
Total Investments in Securities: |
$ 21,373,205 |
$ 20,656,517 |
$ 716,688 |
$ - |
Income Tax Information |
At August 31, 2012, the cost of investment securities for income tax purposes was $27,118,350. Net unrealized appreciation aggregated $1,356,696, of which $2,324,917 related to appreciated investment securities and $968,221 related to depreciated investment 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. In accordance with valuation policies and procedures approved by the Board of Trustees (the Board), the Fund attempts to obtain prices from one or more third party pricing vendor or broker to value its investments. When current market prices, quotations or rates are not readily available or reliable, securities will be fair valued in good faith by the FMR Fair Value Committee (the Committee), in accordance with procedures adopted by the Fund's Board. Factors used in determining fair value vary by security type and may include market or security 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 is responsible for approving and reporting to the Board all fair value determinations. 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: |
Long and short positions in 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 (last ask price to value short positions) or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when significant 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 are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and these securities are 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 policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report. |
Quarterly 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 visit advisor.fidelity.com or call
Fidelity at 1-877-208-0098 for a free copy of the fund's most recent prospectus and annual report. or an affiliate. |
Quarterly Report
Quarterly Holdings Report
for
Fidelity ® 130/30
Large Cap Fund
August 31, 2012
1.859201.104
FLC-QTLY-1012
Showing Percentage of Net Assets
LONG STOCK POSITIONS (c) - 132.4% |
|||
Shares |
Value |
||
COMMON STOCKS - 130.6% |
|||
CONSUMER DISCRETIONARY - 14.3% |
|||
Auto Components - 1.1% |
|||
Delphi Automotive PLC |
3,600 |
$ 109,044 |
|
TRW Automotive Holdings Corp. (a) |
2,600 |
113,646 |
|
|
222,690 |
||
Hotels, Restaurants & Leisure - 3.2% |
|||
Brinker International, Inc. |
6,200 |
213,652 |
|
Icahn Enterprises LP rights (a) |
10,900 |
0 |
|
Ruth's Hospitality Group, Inc. (a) |
15,900 |
97,308 |
|
Wyndham Worldwide Corp. |
7,100 |
370,194 |
|
|
681,154 |
||
Household Durables - 0.5% |
|||
Jarden Corp. |
2,200 |
106,326 |
|
Internet & Catalog Retail - 0.8% |
|||
Expedia, Inc. |
3,200 |
164,352 |
|
Media - 3.4% |
|||
Carmike Cinemas, Inc. (a) |
6,400 |
73,600 |
|
CBS Corp. Class B |
8,700 |
316,158 |
|
Sirius XM Radio, Inc. (a) |
40,800 |
103,224 |
|
Valassis Communications, Inc. (a) |
9,000 |
225,630 |
|
|
718,612 |
||
Specialty Retail - 2.1% |
|||
Foot Locker, Inc. |
3,100 |
107,167 |
|
Guess?, Inc. |
3,200 |
83,392 |
|
TJX Companies, Inc. |
4,500 |
206,055 |
|
West Marine, Inc. (a) |
5,200 |
54,080 |
|
|
450,694 |
||
Textiles, Apparel & Luxury Goods - 3.2% |
|||
Iconix Brand Group, Inc. (a) |
6,200 |
115,940 |
|
PVH Corp. |
4,700 |
441,330 |
|
Skechers U.S.A., Inc. Class A (sub. vtg.) (a) |
5,100 |
110,517 |
|
|
667,787 |
||
TOTAL CONSUMER DISCRETIONARY |
3,011,615 |
||
CONSUMER STAPLES - 13.2% |
|||
Beverages - 5.0% |
|||
Anheuser-Busch InBev SA NV |
7,100 |
597,340 |
|
Constellation Brands, Inc. Class A (sub. vtg.) (a) |
13,900 |
457,866 |
|
|
1,055,206 |
||
LONG STOCK POSITIONS (c) - continued |
|||
Shares |
Value |
||
COMMON STOCKS - continued |
|||
CONSUMER STAPLES - continued |
|||
Food & Staples Retailing - 2.8% |
|||
CVS Caremark Corp. |
8,600 |
$ 391,730 |
|
Wal-Mart Stores, Inc. |
2,700 |
196,020 |
|
|
587,750 |
||
Food Products - 1.6% |
|||
Dean Foods Co. (a) |
6,300 |
103,446 |
|
The J.M. Smucker Co. |
1,300 |
110,461 |
|
Tyson Foods, Inc. Class A |
7,100 |
111,186 |
|
|
325,093 |
||
Household Products - 0.5% |
|||
Spectrum Brands Holdings, Inc. |
2,800 |
103,124 |
|
Personal Products - 1.8% |
|||
Elizabeth Arden, Inc. (a) |
6,000 |
279,240 |
|
Prestige Brands Holdings, Inc. (a) |
6,370 |
102,302 |
|
|
381,542 |
||
Tobacco - 1.5% |
|||
Imperial Tobacco Group PLC |
5,605 |
218,582 |
|
Japan Tobacco, Inc. |
3,100 |
93,996 |
|
|
312,578 |
||
TOTAL CONSUMER STAPLES |
2,765,293 |
||
ENERGY - 15.6% |
|||
Energy Equipment & Services - 3.6% |
|||
Ensco PLC Class A |
1,800 |
103,266 |
|
Helix Energy Solutions Group, Inc. (a) |
13,400 |
236,108 |
|
National Oilwell Varco, Inc. |
2,900 |
228,520 |
|
Oil States International, Inc. (a) |
1,300 |
101,712 |
|
Transocean Ltd. (United States) |
1,750 |
85,803 |
|
|
755,409 |
||
Oil, Gas & Consumable Fuels - 12.0% |
|||
Chevron Corp. |
5,300 |
594,448 |
|
Energy Partners Ltd. (a) |
5,700 |
98,154 |
|
HollyFrontier Corp. |
10,284 |
414,342 |
|
Marathon Petroleum Corp. |
6,300 |
326,025 |
|
Phillips 66 |
5,100 |
214,200 |
|
LONG STOCK POSITIONS (c) - continued |
|||
Shares |
Value |
||
COMMON STOCKS - continued |
|||
ENERGY - continued |
|||
Oil, Gas & Consumable Fuels - continued |
|||
Tesoro Corp. |
10,800 |
$ 429,192 |
|
Valero Energy Corp. |
14,500 |
453,270 |
|
|
2,529,631 |
||
TOTAL ENERGY |
3,285,040 |
||
FINANCIALS - 18.2% |
|||
Commercial Banks - 6.2% |
|||
CapitalSource, Inc. |
57,800 |
400,554 |
|
Wells Fargo & Co. |
26,200 |
891,586 |
|
|
1,292,140 |
||
Consumer Finance - 3.2% |
|||
Capital One Financial Corp. |
4,400 |
248,732 |
|
Discover Financial Services |
10,900 |
422,157 |
|
|
670,889 |
||
Diversified Financial Services - 3.5% |
|||
JPMorgan Chase & Co. |
19,800 |
735,372 |
|
Insurance - 3.9% |
|||
Assured Guaranty Ltd. |
15,000 |
198,000 |
|
Lincoln National Corp. |
4,700 |
109,134 |
|
MetLife, Inc. |
12,100 |
412,973 |
|
Montpelier Re Holdings Ltd. |
4,700 |
101,332 |
|
|
821,439 |
||
Real Estate Investment Trusts - 0.5% |
|||
Coresite Realty Corp. |
3,900 |
106,041 |
|
Real Estate Management & Development - 0.9% |
|||
Altisource Portfolio Solutions SA (a) |
2,300 |
193,867 |
|
TOTAL FINANCIALS |
3,819,748 |
||
HEALTH CARE - 17.8% |
|||
Biotechnology - 6.7% |
|||
Amgen, Inc. |
9,400 |
788,848 |
|
PDL BioPharma, Inc. |
33,400 |
245,824 |
|
Spectrum Pharmaceuticals, Inc. (a) |
17,500 |
209,300 |
|
Threshold Pharmaceuticals, Inc. (a) |
6,400 |
56,384 |
|
United Therapeutics Corp. (a) |
1,900 |
102,828 |
|
|
1,403,184 |
||
LONG STOCK POSITIONS (c) - continued |
|||
Shares |
Value |
||
COMMON STOCKS - continued |
|||
HEALTH CARE - continued |
|||
Health Care Equipment & Supplies - 1.0% |
|||
CareFusion Corp. (a) |
7,900 |
$ 207,533 |
|
Health Care Providers & Services - 3.8% |
|||
Community Health Systems, Inc. (a) |
22,100 |
597,584 |
|
Omnicare, Inc. |
6,100 |
197,518 |
|
|
795,102 |
||
Pharmaceuticals - 6.3% |
|||
Impax Laboratories, Inc. (a) |
4,300 |
101,781 |
|
Jazz Pharmaceuticals PLC (a) |
2,300 |
104,673 |
|
Mylan, Inc. (a) |
8,800 |
207,416 |
|
Sanofi SA sponsored ADR |
15,300 |
626,535 |
|
Warner Chilcott PLC |
5,900 |
80,358 |
|
Watson Pharmaceuticals, Inc. (a) |
2,500 |
203,375 |
|
|
1,324,138 |
||
TOTAL HEALTH CARE |
3,729,957 |
||
INDUSTRIALS - 11.2% |
|||
Aerospace & Defense - 3.2% |
|||
Ducommun, Inc. (a) |
3,600 |
52,848 |
|
Textron, Inc. |
23,400 |
625,248 |
|
|
678,096 |
||
Building Products - 1.1% |
|||
A.O. Smith Corp. |
2,000 |
109,420 |
|
Owens Corning (a) |
3,400 |
113,424 |
|
|
222,844 |
||
Commercial Services & Supplies - 1.4% |
|||
Republic Services, Inc. |
6,900 |
190,785 |
|
Unifirst Corp. Massachusetts |
1,600 |
101,616 |
|
|
292,401 |
||
Construction & Engineering - 1.5% |
|||
Jacobs Engineering Group, Inc. (a) |
2,600 |
102,804 |
|
MasTec, Inc. (a) |
5,700 |
103,968 |
|
Quanta Services, Inc. (a) |
4,100 |
98,400 |
|
|
305,172 |
||
Machinery - 2.6% |
|||
Ingersoll-Rand PLC |
2,500 |
116,900 |
|
Manitowoc Co., Inc. |
16,600 |
213,808 |
|
LONG STOCK POSITIONS (c) - continued |
|||
Shares |
Value |
||
COMMON STOCKS - continued |
|||
INDUSTRIALS - continued |
|||
Machinery - continued |
|||
Terex Corp. (a) |
5,100 |
$ 112,557 |
|
Valmont Industries, Inc. |
800 |
101,400 |
|
|
544,665 |
||
Professional Services - 0.9% |
|||
Equifax, Inc. |
2,200 |
100,716 |
|
Kforce, Inc. (a) |
7,600 |
89,072 |
|
|
189,788 |
||
Trading Companies & Distributors - 0.5% |
|||
AerCap Holdings NV (a) |
8,800 |
111,320 |
|
TOTAL INDUSTRIALS |
2,344,286 |
||
INFORMATION TECHNOLOGY - 26.1% |
|||
Communications Equipment - 1.2% |
|||
Brocade Communications Systems, Inc. (a) |
43,500 |
252,300 |
|
Computers & Peripherals - 6.5% |
|||
Apple, Inc. |
700 |
465,668 |
|
Hewlett-Packard Co. |
38,500 |
649,880 |
|
Lexmark International, Inc. Class A |
11,000 |
238,810 |
|
|
1,354,358 |
||
Electronic Equipment & Components - 1.4% |
|||
Benchmark Electronics, Inc. (a) |
3,200 |
51,360 |
|
Flextronics International Ltd. (a) |
36,800 |
247,664 |
|
|
299,024 |
||
Internet Software & Services - 0.2% |
|||
Facebook, Inc.: |
|
|
|
Class A |
700 |
12,656 |
|
Class B (a)(d) |
1,558 |
25,352 |
|
|
38,008 |
||
IT Services - 7.8% |
|||
Acxiom Corp. (a) |
12,900 |
220,074 |
|
Fidelity National Information Services, Inc. |
5,900 |
185,850 |
|
Fiserv, Inc. (a) |
1,400 |
99,834 |
|
HiSoft Technology International Ltd. ADR (a) |
860 |
9,761 |
|
Teradata Corp. (a) |
1,400 |
106,932 |
|
Total System Services, Inc. |
8,100 |
187,758 |
|
Visa, Inc. Class A |
4,900 |
628,425 |
|
WNS Holdings Ltd. sponsored ADR (a) |
20,100 |
208,638 |
|
|
1,647,272 |
||
LONG STOCK POSITIONS (c) - continued |
|||
Shares |
Value |
||
COMMON STOCKS - continued |
|||
INFORMATION TECHNOLOGY - continued |
|||
Semiconductors & Semiconductor Equipment - 4.2% |
|||
GT Advanced Technologies, Inc. (a) |
20,300 |
$ 117,740 |
|
Micron Technology, Inc. (a) |
16,000 |
99,360 |
|
NXP Semiconductors NV (a) |
4,400 |
102,608 |
|
Samsung Electronics Co. Ltd. |
369 |
401,289 |
|
Skyworks Solutions, Inc. (a) |
1,800 |
54,828 |
|
Spansion, Inc. Class A |
8,500 |
97,155 |
|
|
872,980 |
||
Software - 4.8% |
|||
Microsoft Corp. |
32,700 |
1,007,813 |
|
TOTAL INFORMATION TECHNOLOGY |
5,471,755 |
||
MATERIALS - 4.7% |
|||
Chemicals - 2.4% |
|||
Ashland, Inc. |
1,500 |
110,445 |
|
Eastman Chemical Co. |
1,900 |
104,994 |
|
LyondellBasell Industries NV Class A |
2,500 |
122,100 |
|
Sherwin-Williams Co. |
400 |
57,232 |
|
Valspar Corp. |
2,000 |
106,680 |
|
|
501,451 |
||
Metals & Mining - 2.3% |
|||
Nucor Corp. |
5,100 |
192,015 |
|
Reliance Steel & Aluminum Co. |
4,000 |
205,720 |
|
Steel Dynamics, Inc. |
7,900 |
96,538 |
|
|
494,273 |
||
TOTAL MATERIALS |
995,724 |
||
TELECOMMUNICATION SERVICES - 4.3% |
|||
Diversified Telecommunication Services - 2.9% |
|||
CenturyLink, Inc. |
9,400 |
397,244 |
|
Nippon Telegraph & Telephone Corp. sponsored ADR |
8,900 |
205,501 |
|
|
602,745 |
||
Wireless Telecommunication Services - 1.4% |
|||
MetroPCS Communications, Inc. (a) |
10,600 |
103,138 |
|
Vodafone Group PLC sponsored ADR |
6,900 |
199,548 |
|
|
302,686 |
||
TOTAL TELECOMMUNICATION SERVICES |
905,431 |
||
LONG STOCK POSITIONS (c) - continued |
|||
Shares |
Value |
||
COMMON STOCKS - continued |
|||
UTILITIES - 5.2% |
|||
Electric Utilities - 3.1% |
|||
NextEra Energy, Inc. |
1,400 |
$ 94,234 |
|
Pinnacle West Capital Corp. |
4,000 |
205,480 |
|
PNM Resources, Inc. |
16,600 |
341,462 |
|
|
641,176 |
||
Independent Power Producers & Energy Traders - 1.2% |
|||
The AES Corp. |
23,000 |
261,970 |
|
Multi-Utilities - 0.9% |
|||
PG&E Corp. |
4,400 |
191,004 |
|
TOTAL UTILITIES |
1,094,150 |
||
TOTAL COMMON STOCKS (Cost $25,859,196) |
|
||
NONCONVERTIBLE PREFERRED STOCKS - 1.8% |
|||
CONSUMER DISCRETIONARY - 1.8% |
|||
Automobiles - 1.8% |
|||
Volkswagen AG |
2,100 |
370,850 |
|
TOTAL LONG STOCK POSITIONS - 132.4% (Cost $26,229,986) |
|
||
Money Market Funds - 3.2% |
|||
|
|
|
|
Fidelity Cash Central Fund, 0.17% (b) |
681,197 |
|
|
TOTAL INVESTMENT PORTFOLIO - 135.6% (Cost $26,911,183) |
28,475,046 |
||
TOTAL SHORT STOCK POSITIONS - (33.8)% (Proceeds $7,174,021) |
|
||
NET OTHER ASSETS (LIABILITIES) - (1.8)% |
(369,011) |
||
NET ASSETS - 100% |
$ 21,004,194 |
SHORT STOCK POSITIONS - (33.8)% |
||||
|
Shares |
Value |
||
COMMON STOCKS - (33.8)% |
||||
CONSUMER DISCRETIONARY - (5.2)% |
||||
Hotels, Restaurants & Leisure - (1.5)% |
||||
MGM Mirage, Inc. |
(8,500) |
$ (83,810) |
||
Morgans Hotel Group Co. |
(23,600) |
(122,248) |
||
Wynn Resorts Ltd. |
(1,000) |
(103,170) |
||
|
(309,228) |
|||
Internet & Catalog Retail - (0.7)% |
||||
Netflix, Inc. |
(2,500) |
(149,300) |
||
Leisure Equipment & Products - (0.5)% |
||||
Callaway Golf Co. |
(18,400) |
(105,800) |
||
Multiline Retail - (0.9)% |
||||
Family Dollar Stores, Inc. |
(3,000) |
(190,920) |
||
Specialty Retail - (0.9)% |
||||
Tiffany & Co., Inc. |
(3,200) |
(198,240) |
||
Textiles, Apparel & Luxury Goods - (0.7)% |
||||
K-Swiss, Inc. Class A |
(52,200) |
(147,726) |
||
TOTAL CONSUMER DISCRETIONARY |
|
(1,101,214) |
||
CONSUMER STAPLES - (1.4)% |
||||
Food & Staples Retailing - (0.9)% |
||||
PriceSmart, Inc. |
(2,700) |
(197,478) |
||
Personal Products - (0.5)% |
||||
Estee Lauder Companies, Inc. Class A |
(1,700) |
(101,915) |
||
TOTAL CONSUMER STAPLES |
|
(299,393) |
||
ENERGY - (2.8)% |
||||
Oil, Gas & Consumable Fuels - (2.8)% |
||||
FX Energy, Inc. |
(23,100) |
(176,715) |
||
Northern Oil & Gas, Inc. |
(8,900) |
(145,426) |
||
Rex Energy Corp. |
(10,800) |
(133,812) |
||
Ultra Petroleum Corp. |
(6,900) |
(141,864) |
||
|
(597,817) |
|||
SHORT STOCK POSITIONS - continued |
||||
|
Shares |
Value |
||
COMMON STOCKS - continued |
||||
FINANCIALS - (7.2)% |
||||
Capital Markets - (1.9)% |
||||
LPL Financial |
(7,200) |
$ (206,424) |
||
T. Rowe Price Group, Inc. |
(3,000) |
(184,320) |
||
|
(390,744) |
|||
Commercial Banks - (1.1)% |
||||
Valley National Bancorp |
(13,060) |
(126,682) |
||
Westamerica Bancorp. |
(2,100) |
(97,755) |
||
|
(224,437) |
|||
Consumer Finance - (0.5)% |
||||
American Express Co. |
(1,900) |
(110,770) |
||
Insurance - (1.4)% |
||||
Kemper Corp. |
(3,400) |
(104,040) |
||
RLI Corp. |
(3,100) |
(196,416) |
||
|
(300,456) |
|||
Real Estate Investment Trusts - (1.4)% |
||||
Annaly Capital Management, Inc. |
(10,200) |
(176,562) |
||
Plum Creek Timber Co., Inc. |
(2,800) |
(114,604) |
||
|
(291,166) |
|||
Real Estate Management & Development - (0.9)% |
||||
Forestar Group, Inc. |
(12,800) |
(184,192) |
||
TOTAL FINANCIALS |
|
(1,501,765) |
||
HEALTH CARE - (6.6)% |
||||
Biotechnology - (1.0)% |
||||
Anacor Pharmaceuticals, Inc. |
(16,400) |
(100,860) |
||
Dendreon Corp. |
(6,800) |
(30,532) |
||
Verastem, Inc. |
(10,000) |
(86,200) |
||
|
(217,592) |
|||
Health Care Equipment & Supplies - (1.4)% |
||||
Becton, Dickinson & Co. |
(1,400) |
(106,372) |
||
Masimo Corp. |
(8,800) |
(194,304) |
||
|
(300,676) |
|||
Health Care Providers & Services - (1.5)% |
||||
IPC The Hospitalist Co., Inc. |
(4,700) |
(207,693) |
||
PSS World Medical, Inc. |
(5,000) |
(107,950) |
||
|
(315,643) |
|||
SHORT STOCK POSITIONS - continued |
||||
|
Shares |
Value |
||
COMMON STOCKS - continued |
||||
HEALTH CARE - continued |
||||
Health Care Technology - (1.4)% |
||||
Cerner Corp. |
(1,200) |
$ (87,768) |
||
Computer Programs & Systems, Inc. |
(3,900) |
(197,145) |
||
|
(284,913) |
|||
Life Sciences Tools & Services - (0.4)% |
||||
Sequenom, Inc. |
(20,200) |
(74,134) |
||
Pharmaceuticals - (0.9)% |
||||
Bristol-Myers Squibb Co. |
(2,700) |
(89,127) |
||
Hospira, Inc. |
(3,100) |
(104,098) |
||
|
(193,225) |
|||
TOTAL HEALTH CARE |
|
(1,386,183) |
||
INDUSTRIALS - (1.8)% |
||||
Air Freight & Logistics - (0.4)% |
||||
Expeditors International of Washington, Inc. |
(2,200) |
(80,542) |
||
Machinery - (0.5)% |
||||
SPX Corp. |
(1,600) |
(102,240) |
||
Trading Companies & Distributors - (0.9)% |
||||
Fastenal Co. |
(4,300) |
(185,287) |
||
TOTAL INDUSTRIALS |
|
(368,069) |
||
INFORMATION TECHNOLOGY - (7.1)% |
||||
Communications Equipment - (0.8)% |
||||
JDS Uniphase Corp. |
(15,100) |
(168,969) |
||
Electronic Equipment & Components - (2.6)% |
||||
Badger Meter, Inc. |
(3,000) |
(101,730) |
||
Cognex Corp. |
(2,900) |
(104,661) |
||
FARO Technologies, Inc. |
(5,800) |
(228,810) |
||
IPG Photonics Corp. |
(1,600) |
(98,384) |
||
|
(533,585) |
|||
Internet Software & Services - (0.3)% |
||||
WebMD Health Corp. |
(3,900) |
(58,266) |
||
SHORT STOCK POSITIONS - continued |
||||
|
Shares |
Value |
||
COMMON STOCKS - continued |
||||
INFORMATION TECHNOLOGY - continued |
||||
Semiconductors & Semiconductor Equipment - (2.9)% |
||||
Atmel Corp. |
(26,100) |
$ (154,773) |
||
FormFactor, Inc. |
(28,700) |
(146,083) |
||
Microchip Technology, Inc. |
(2,900) |
(100,775) |
||
Power Integrations, Inc. |
(2,900) |
(100,456) |
||
Tessera Technologies, Inc. |
(7,100) |
(108,417) |
||
|
(610,504) |
|||
Software - (0.5)% |
||||
Splunk, Inc. |
(3,300) |
(113,520) |
||
TOTAL INFORMATION TECHNOLOGY |
|
(1,484,844) |
||
MATERIALS - (0.5)% |
||||
Chemicals - (0.5)% |
||||
Ecolab, Inc. |
(1,600) |
(102,448) |
||
TELECOMMUNICATION SERVICES - (0.5)% |
||||
Wireless Telecommunication Services - (0.5)% |
||||
Crown Castle International Corp. |
(1,800) |
(114,228) |
||
UTILITIES - (0.7)% |
||||
Electric Utilities - (0.7)% |
||||
Exelon Corp. |
(4,000) |
(145,880) |
||
TOTAL SHORT STOCK POSITIONS - (33.8)% (Proceeds $7,174,021) |
$ (7,101,841) |
Legend |
(a) Non-income producing |
(b) Affiliated fund that is 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. |
(c) A portion of the securities, totaling $22,640,294, are pledged with brokers as collateral for securities sold short. |
(d) 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 $25,352 or 0.1% of net assets. |
Additional information on each restricted holding is as follows: |
Security |
Acquisition |
Acquisition |
Facebook, Inc. Class B |
3/31/11 - 5/19/11 |
$ 38,961 |
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 |
$ 538 |
Other Information |
The following is a summary of the inputs used, as of August 31, 2012, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section at the end of this listing. |
Valuation Inputs at Reporting Date: |
||||
Description |
Total |
Level 1 |
Level 2 |
Level 3 |
Investments in Securities: |
||||
Equities: |
||||
Consumer Discretionary |
$ 3,382,465 |
$ 3,382,465 |
$ - |
$ - |
Consumer Staples |
2,765,293 |
2,073,957 |
691,336 |
- |
Energy |
3,285,040 |
3,285,040 |
- |
- |
Financials |
3,819,748 |
3,819,748 |
- |
- |
Health Care |
3,729,957 |
3,729,957 |
- |
- |
Industrials |
2,344,286 |
2,344,286 |
- |
- |
Information Technology |
5,471,755 |
5,446,403 |
25,352 |
- |
Materials |
995,724 |
995,724 |
- |
- |
Telecommunication Services |
905,431 |
905,431 |
- |
- |
Utilities |
1,094,150 |
1,094,150 |
- |
- |
Money Market Funds |
681,197 |
681,197 |
- |
- |
Short Positions |
(7,101,841) |
(7,101,841) |
- |
- |
Total Investments in Securities: |
$ 21,373,205 |
$ 20,656,517 |
$ 716,688 |
$ - |
Income Tax Information |
At August 31, 2012, the cost of investment securities for income tax purposes was $27,118,350. Net unrealized appreciation aggregated $1,356,696, of which $2,324,917 related to appreciated investment securities and $968,221 related to depreciated investment 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. In accordance with valuation policies and procedures approved by the Board of Trustees (the Board), the Fund attempts to obtain prices from one or more third party pricing vendor or broker to value its investments. When current market prices, quotations or rates are not readily available or reliable, securities will be fair valued in good faith by the FMR Fair Value Committee (the Committee), in accordance with procedures adopted by the Fund's Board. Factors used in determining fair value vary by security type and may include market or security 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 is responsible for approving and reporting to the Board all fair value determinations. 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: |
Long and short positions in 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 (last ask price to value short positions) or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when significant 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 are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and these securities are 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 policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report. |
Quarterly 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. or an affiliate. |
Quarterly Report
Quarterly Holdings Report
for
Fidelity ® Growth Company Fund
August 31, 2012
1.805820.108
GCF-QTLY-1012
Showing Percentage of Net Assets
Common Stocks - 99.5% |
|||
Shares |
Value (000s) |
||
CONSUMER DISCRETIONARY - 16.1% |
|||
Automobiles - 0.1% |
|||
Ford Motor Co. |
3,245,000 |
$ 30,308 |
|
General Motors Co. (a) |
22,800 |
487 |
|
Tesla Motors, Inc. (a) |
669,858 |
19,104 |
|
|
49,899 |
||
Diversified Consumer Services - 0.1% |
|||
K12, Inc. (a)(d)(e) |
2,010,000 |
42,311 |
|
Hotels, Restaurants & Leisure - 3.3% |
|||
Arcos Dorados Holdings, Inc. |
2,114,900 |
27,938 |
|
Buffalo Wild Wings, Inc. (a) |
719,900 |
55,274 |
|
Chipotle Mexican Grill, Inc. (a) |
471,000 |
135,949 |
|
Chuys Holdings, Inc. (e) |
1,504,342 |
31,020 |
|
Dunkin' Brands Group, Inc. |
2,903,340 |
84,574 |
|
Home Inns & Hotels Management, Inc. sponsored ADR (a)(d)(e) |
2,775,000 |
63,992 |
|
Hyatt Hotels Corp. Class A (a) |
1,948,440 |
73,904 |
|
Las Vegas Sands Corp. |
975,000 |
41,330 |
|
McDonald's Corp. |
3,075,000 |
275,182 |
|
Panera Bread Co. Class A (a) |
875,000 |
135,538 |
|
Starbucks Corp. |
6,298,400 |
312,464 |
|
Starwood Hotels & Resorts Worldwide, Inc. |
1,445,000 |
79,663 |
|
Yum! Brands, Inc. |
1,910,000 |
121,705 |
|
|
1,438,533 |
||
Household Durables - 1.8% |
|||
Gafisa SA sponsored ADR (d) |
1,570,000 |
6,453 |
|
Lennar Corp. Class A (d)(e) |
12,900,077 |
418,349 |
|
SodaStream International Ltd. (a)(d)(e) |
1,976,272 |
76,264 |
|
Tempur-Pedic International, Inc. (a) |
820,000 |
25,617 |
|
Toll Brothers, Inc. (a) |
8,249,050 |
269,909 |
|
|
796,592 |
||
Internet & Catalog Retail - 1.6% |
|||
Amazon.com, Inc. (a) |
2,386,000 |
592,277 |
|
Groupon, Inc. Class A (a)(d) |
42,790 |
178 |
|
Kayak Software Corp. |
43,400 |
1,185 |
|
Netflix, Inc. (a)(d) |
71,000 |
4,240 |
|
Priceline.com, Inc. (a) |
180,000 |
108,823 |
|
|
706,703 |
||
Media - 1.0% |
|||
Comcast Corp. Class A |
5,857,500 |
196,402 |
|
Lions Gate Entertainment Corp. (a)(d) |
4,089,992 |
60,450 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
CONSUMER DISCRETIONARY - continued |
|||
Media - continued |
|||
Pandora Media, Inc. (a)(d)(e) |
9,979,469 |
$ 119,654 |
|
Time Warner, Inc. |
1,025,650 |
42,616 |
|
|
419,122 |
||
Multiline Retail - 1.2% |
|||
Dollar Tree, Inc. (a) |
1,125,000 |
54,191 |
|
JCPenney Co., Inc. (d) |
10,760,000 |
280,621 |
|
Nordstrom, Inc. |
800,000 |
46,264 |
|
Target Corp. |
2,485,000 |
159,264 |
|
|
540,340 |
||
Specialty Retail - 2.1% |
|||
Abercrombie & Fitch Co. Class A |
1,660,000 |
59,743 |
|
AutoNation, Inc. (a)(d) |
1,050,000 |
42,210 |
|
Bed Bath & Beyond, Inc. (a) |
1,300,000 |
87,321 |
|
CarMax, Inc. (a) |
1,275,000 |
39,002 |
|
Five Below, Inc. |
188,900 |
6,071 |
|
Francescas Holdings Corp. (a)(d)(e) |
3,718,379 |
131,370 |
|
Home Depot, Inc. |
5,470,000 |
310,423 |
|
Limited Brands, Inc. |
1,460,000 |
70,956 |
|
Lumber Liquidators Holdings, Inc. (a)(d)(e) |
2,760,167 |
128,789 |
|
Tiffany & Co., Inc. |
225,000 |
13,939 |
|
Urban Outfitters, Inc. (a) |
240,000 |
9,010 |
|
|
898,834 |
||
Textiles, Apparel & Luxury Goods - 4.9% |
|||
Coach, Inc. |
907,200 |
52,736 |
|
Fifth & Pacific Companies, Inc. (a)(e) |
6,740,000 |
89,305 |
|
Fossil, Inc. (a)(e) |
5,888,744 |
500,249 |
|
lululemon athletica, Inc. (a)(d)(e) |
12,117,100 |
789,914 |
|
Michael Kors Holdings Ltd. |
6,472,493 |
349,191 |
|
NIKE, Inc. Class B |
1,719,000 |
167,362 |
|
Prada SpA |
9,904,300 |
76,300 |
|
Under Armour, Inc. Class A (sub. vtg.) (a) |
740,000 |
43,075 |
|
VF Corp. |
320,000 |
48,858 |
|
|
2,116,990 |
||
TOTAL CONSUMER DISCRETIONARY |
7,009,324 |
||
CONSUMER STAPLES - 10.3% |
|||
Beverages - 2.3% |
|||
Beam, Inc. |
1,460,000 |
85,206 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
CONSUMER STAPLES - continued |
|||
Beverages - continued |
|||
Dr Pepper Snapple Group, Inc. |
655,000 |
$ 29,351 |
|
Monster Beverage Corp. (a) |
2,885,000 |
170,013 |
|
PepsiCo, Inc. |
2,501,640 |
181,194 |
|
The Coca-Cola Co. |
14,320,000 |
535,568 |
|
|
1,001,332 |
||
Food & Staples Retailing - 2.4% |
|||
Costco Wholesale Corp. |
1,795,800 |
175,755 |
|
Drogasil SA |
3,281,873 |
34,712 |
|
Fresh Market, Inc. (a)(d)(e) |
2,448,468 |
141,326 |
|
Wal-Mart Stores, Inc. |
7,140,300 |
518,386 |
|
Whole Foods Market, Inc. |
1,580,000 |
152,865 |
|
|
1,023,044 |
||
Food Products - 1.1% |
|||
DE Master Blenders 1753 NV (a) |
685,000 |
8,068 |
|
General Mills, Inc. |
1,115,600 |
43,877 |
|
Green Mountain Coffee Roasters, Inc. (a)(d) |
4,446,337 |
108,090 |
|
Hillshire Brands Co. |
137,000 |
3,572 |
|
Kellogg Co. |
965,000 |
48,877 |
|
Kraft Foods, Inc. Class A |
585,000 |
24,295 |
|
Mead Johnson Nutrition Co. Class A |
1,821,800 |
133,593 |
|
Smithfield Foods, Inc. (a) |
1,615,000 |
31,202 |
|
The Hershey Co. |
815,000 |
58,533 |
|
Tyson Foods, Inc. Class A |
1,600,000 |
25,056 |
|
|
485,163 |
||
Household Products - 0.9% |
|||
Church & Dwight Co., Inc. |
2,660,000 |
145,608 |
|
Colgate-Palmolive Co. |
1,230,000 |
130,761 |
|
Kimberly-Clark Corp. |
670,000 |
56,012 |
|
Procter & Gamble Co. |
1,169,483 |
78,578 |
|
|
410,959 |
||
Personal Products - 1.4% |
|||
Avon Products, Inc. |
1,158,615 |
17,901 |
|
Herbalife Ltd. (e) |
11,000,210 |
532,300 |
|
Nu Skin Enterprises, Inc. Class A |
1,180,000 |
48,958 |
|
|
599,159 |
||
Tobacco - 2.2% |
|||
Altria Group, Inc. |
6,180,380 |
209,886 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
CONSUMER STAPLES - continued |
|||
Tobacco - continued |
|||
Lorillard, Inc. |
860,000 |
$ 107,939 |
|
Philip Morris International, Inc. |
7,320,380 |
653,710 |
|
|
971,535 |
||
TOTAL CONSUMER STAPLES |
4,491,192 |
||
ENERGY - 4.6% |
|||
Energy Equipment & Services - 1.3% |
|||
Carbo Ceramics, Inc. (d) |
175,000 |
12,317 |
|
FMC Technologies, Inc. (a) |
1,850,000 |
86,654 |
|
Halliburton Co. |
3,150,000 |
103,194 |
|
Schlumberger Ltd. |
4,774,600 |
345,586 |
|
|
547,751 |
||
Oil, Gas & Consumable Fuels - 3.3% |
|||
Anadarko Petroleum Corp. |
2,292,594 |
158,808 |
|
Apache Corp. |
780,000 |
66,885 |
|
Chesapeake Energy Corp. (d) |
1,905,000 |
36,862 |
|
Cobalt International Energy, Inc. (a) |
70,900 |
1,610 |
|
Concho Resources, Inc. (a) |
1,205,000 |
108,137 |
|
Continental Resources, Inc. (a) |
1,455,000 |
107,757 |
|
Devon Energy Corp. |
880,000 |
50,890 |
|
EOG Resources, Inc. |
1,070,000 |
115,881 |
|
Hess Corp. |
660,000 |
33,350 |
|
Noble Energy, Inc. |
455,356 |
40,026 |
|
Occidental Petroleum Corp. |
3,105,000 |
263,956 |
|
Peabody Energy Corp. |
570,000 |
12,329 |
|
Pioneer Natural Resources Co. |
1,385,000 |
134,844 |
|
Plains Exploration & Production Co. (a) |
4,010,000 |
157,673 |
|
Range Resources Corp. |
1,158,689 |
75,535 |
|
Southwestern Energy Co. (a) |
97,461 |
3,034 |
|
Valero Energy Corp. |
2,840,000 |
88,778 |
|
|
1,456,355 |
||
TOTAL ENERGY |
2,004,106 |
||
FINANCIALS - 4.7% |
|||
Capital Markets - 0.4% |
|||
Charles Schwab Corp. |
5,404,975 |
72,913 |
|
Franklin Resources, Inc. |
45,000 |
5,283 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
FINANCIALS - continued |
|||
Capital Markets - continued |
|||
ICG Group, Inc. (a)(e) |
3,775,000 |
$ 34,428 |
|
T. Rowe Price Group, Inc. |
915,000 |
56,218 |
|
|
168,842 |
||
Commercial Banks - 1.0% |
|||
Banco Bradesco SA (PN) sponsored ADR |
4,415,000 |
72,494 |
|
HDFC Bank Ltd. sponsored ADR |
2,770,000 |
93,017 |
|
ICICI Bank Ltd. sponsored ADR |
1,205,000 |
39,199 |
|
Itau Unibanco Banco Multiplo SA sponsored ADR |
1,525,000 |
24,110 |
|
PrivateBancorp, Inc. (e) |
4,067,500 |
66,300 |
|
Signature Bank (a) |
606,885 |
39,223 |
|
Wells Fargo & Co. |
2,752,300 |
93,661 |
|
|
428,004 |
||
Consumer Finance - 2.2% |
|||
American Express Co. |
1,832,548 |
106,838 |
|
Discover Financial Services |
22,025,444 |
853,045 |
|
|
959,883 |
||
Diversified Financial Services - 1.0% |
|||
Bank of America Corp. |
6,175,000 |
49,338 |
|
BM&F Bovespa SA |
23,879,772 |
126,463 |
|
Citigroup, Inc. |
1,497,380 |
44,487 |
|
JPMorgan Chase & Co. |
6,180,000 |
229,525 |
|
|
449,813 |
||
Real Estate Management & Development - 0.1% |
|||
The St. Joe Co. (a)(d) |
3,030,135 |
58,088 |
|
TOTAL FINANCIALS |
2,064,630 |
||
HEALTH CARE - 15.8% |
|||
Biotechnology - 10.4% |
|||
Acadia Pharmaceuticals, Inc. (a)(d) |
1,064,844 |
1,895 |
|
Alexion Pharmaceuticals, Inc. (a) |
6,474,060 |
694,084 |
|
Alkermes PLC (a)(e) |
13,008,514 |
238,706 |
|
Alnylam Pharmaceuticals, Inc. (a)(e) |
3,827,350 |
70,002 |
|
Amgen, Inc. |
2,658,300 |
223,085 |
|
Array Biopharma, Inc. (a) |
2,403,770 |
13,317 |
|
AVEO Pharmaceuticals, Inc. (a) |
680,600 |
6,527 |
|
Biogen Idec, Inc. (a) |
1,825,000 |
267,527 |
|
Celgene Corp. (a) |
1,146,744 |
82,611 |
|
Cepheid, Inc. (a)(e) |
5,732,555 |
216,347 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
HEALTH CARE - continued |
|||
Biotechnology - continued |
|||
Clovis Oncology, Inc. (d)(e) |
1,372,700 |
$ 24,009 |
|
Exelixis, Inc. (a)(d)(e) |
17,295,081 |
76,617 |
|
Gilead Sciences, Inc. (a) |
3,975,000 |
229,318 |
|
Halozyme Therapeutics, Inc. (a) |
1,890,000 |
10,962 |
|
ImmunoGen, Inc. (a)(d)(e) |
8,344,020 |
120,070 |
|
Immunomedics, Inc. (a)(d)(e) |
7,526,150 |
25,363 |
|
Incyte Corp. (a)(d) |
695,000 |
13,907 |
|
InterMune, Inc. (a)(d) |
2,248,117 |
16,569 |
|
Ironwood Pharmaceuticals, Inc. Class A (a) |
3,735,000 |
46,800 |
|
Isis Pharmaceuticals, Inc. (a)(e) |
10,016,251 |
136,321 |
|
Lexicon Pharmaceuticals, Inc. (a)(e) |
48,176,503 |
107,915 |
|
Merrimack Pharmaceuticals, Inc. (d) |
1,221,296 |
9,722 |
|
Merrimack Pharmaceuticals, Inc. (g) |
1,428,572 |
10,234 |
|
Metabolix, Inc. (a)(d)(e) |
2,565,799 |
4,285 |
|
Momenta Pharmaceuticals, Inc. (a)(d) |
1,655,000 |
23,352 |
|
NPS Pharmaceuticals, Inc. (a)(e) |
7,588,984 |
57,828 |
|
Regeneron Pharmaceuticals, Inc. (a)(e) |
8,456,613 |
1,252,002 |
|
Rigel Pharmaceuticals, Inc. (a)(e) |
6,622,416 |
61,721 |
|
Seattle Genetics, Inc. (a)(d)(e) |
11,502,629 |
305,280 |
|
Synageva BioPharma Corp. (a) |
475,000 |
23,731 |
|
Transition Therapeutics, Inc. (a)(e) |
2,332,446 |
5,598 |
|
Vertex Pharmaceuticals, Inc. (a) |
3,009,767 |
160,511 |
|
|
4,536,216 |
||
Health Care Equipment & Supplies - 0.8% |
|||
Align Technology, Inc. (a) |
715,000 |
24,274 |
|
Baxter International, Inc. |
1,630,000 |
95,648 |
|
DexCom, Inc. (a) |
380,000 |
5,054 |
|
Edwards Lifesciences Corp. (a) |
810,000 |
82,709 |
|
Genmark Diagnostics, Inc. (a) |
1,266,968 |
9,540 |
|
Insulet Corp. (a)(e) |
3,856,400 |
80,869 |
|
Medtronic, Inc. |
604,964 |
24,598 |
|
St. Jude Medical, Inc. |
834,200 |
31,499 |
|
|
354,191 |
||
Health Care Providers & Services - 1.1% |
|||
Cardinal Health, Inc. |
485,000 |
19,182 |
|
Catamaran Corp. (a) |
3,183,664 |
276,332 |
|
Express Scripts Holding Co. (a) |
496,303 |
31,078 |
|
McKesson Corp. |
1,780,000 |
155,056 |
|
UnitedHealth Group, Inc. |
176,400 |
9,579 |
|
|
491,227 |
||
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
HEALTH CARE - continued |
|||
Health Care Technology - 0.1% |
|||
athenahealth, Inc. (a)(d) |
655,000 |
$ 57,882 |
|
Cerner Corp. (a) |
20,000 |
1,463 |
|
|
59,345 |
||
Pharmaceuticals - 3.4% |
|||
Abbott Laboratories |
1,861,500 |
122,003 |
|
Allergan, Inc. |
2,140,000 |
184,318 |
|
Bristol-Myers Squibb Co. |
3,668,700 |
121,104 |
|
Concert Pharmaceuticals, Inc. (a)(g) |
186,198 |
151 |
|
Elan Corp. PLC sponsored ADR (a)(e) |
38,594,070 |
438,429 |
|
Endocyte, Inc. (a)(d) |
511,041 |
4,901 |
|
Hospira, Inc. (a) |
2,025,000 |
68,000 |
|
Johnson & Johnson |
83,300 |
5,617 |
|
MAP Pharmaceuticals, Inc. (a)(d)(e) |
3,453,443 |
46,414 |
|
Questcor Pharmaceuticals, Inc. (a)(d) |
2,077,600 |
90,251 |
|
Teva Pharmaceutical Industries Ltd. sponsored ADR |
705,000 |
27,904 |
|
Valeant Pharmaceuticals International, Inc. (Canada) (a) |
6,572,261 |
336,497 |
|
Watson Pharmaceuticals, Inc. (a) |
280,000 |
22,778 |
|
|
1,468,367 |
||
TOTAL HEALTH CARE |
6,909,346 |
||
INDUSTRIALS - 6.2% |
|||
Aerospace & Defense - 1.5% |
|||
Honeywell International, Inc. |
1,870,000 |
109,302 |
|
Lockheed Martin Corp. |
1,040,100 |
94,795 |
|
The Boeing Co. |
1,519,800 |
108,514 |
|
United Technologies Corp. |
4,225,000 |
337,366 |
|
|
649,977 |
||
Air Freight & Logistics - 0.6% |
|||
United Parcel Service, Inc. Class B |
3,724,000 |
274,868 |
|
Airlines - 0.7% |
|||
Delta Air Lines, Inc. (a) |
1,790,000 |
15,484 |
|
JetBlue Airways Corp. (a)(d)(e) |
18,434,923 |
90,331 |
|
Ryanair Holdings PLC sponsored ADR (a) |
940,000 |
29,178 |
|
Southwest Airlines Co. |
5,553,515 |
49,648 |
|
United Continental Holdings, Inc. (a) |
7,115,000 |
131,272 |
|
|
315,913 |
||
Construction & Engineering - 0.1% |
|||
Fluor Corp. |
455,000 |
23,433 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
INDUSTRIALS - continued |
|||
Electrical Equipment - 0.4% |
|||
Emerson Electric Co. |
2,065,000 |
$ 104,737 |
|
Rockwell Automation, Inc. |
1,160,000 |
83,590 |
|
|
188,327 |
||
Industrial Conglomerates - 0.6% |
|||
3M Co. |
1,280,000 |
118,528 |
|
Danaher Corp. |
2,505,000 |
134,193 |
|
|
252,721 |
||
Machinery - 1.3% |
|||
Caterpillar, Inc. |
3,560,000 |
303,775 |
|
Cummins, Inc. |
1,760,000 |
170,914 |
|
Deere & Co. |
915,000 |
68,726 |
|
Rexnord Corp. (d) |
587,500 |
8,842 |
|
Westport Innovations, Inc. (a)(d) |
693,000 |
24,401 |
|
|
576,658 |
||
Road & Rail - 1.0% |
|||
CSX Corp. |
4,780,000 |
107,359 |
|
Norfolk Southern Corp. |
665,000 |
48,186 |
|
Union Pacific Corp. |
2,315,000 |
281,134 |
|
|
436,679 |
||
TOTAL INDUSTRIALS |
2,718,576 |
||
INFORMATION TECHNOLOGY - 38.1% |
|||
Communications Equipment - 2.6% |
|||
Aruba Networks, Inc. (a)(d) |
1,123,031 |
22,068 |
|
F5 Networks, Inc. (a) |
405,000 |
39,483 |
|
Infinera Corp. (a)(d)(e) |
10,323,181 |
58,636 |
|
Juniper Networks, Inc. (a) |
460,000 |
8,022 |
|
Motorola Solutions, Inc. |
485,000 |
23,115 |
|
Palo Alto Networks, Inc. |
216,800 |
13,958 |
|
QUALCOMM, Inc. |
11,748,400 |
722,057 |
|
Riverbed Technology, Inc. (a)(e) |
12,826,890 |
256,410 |
|
|
1,143,749 |
||
Computers & Peripherals - 10.0% |
|||
Apple, Inc. |
6,080,959 |
4,045,278 |
|
Fusion-io, Inc. (a)(d)(e) |
9,140,853 |
256,127 |
|
Hewlett-Packard Co. |
960,000 |
16,205 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
INFORMATION TECHNOLOGY - continued |
|||
Computers & Peripherals - continued |
|||
NetApp, Inc. (a) |
1,059,686 |
$ 36,580 |
|
Silicon Graphics International Corp. (a)(d)(e) |
3,097,456 |
26,452 |
|
|
4,380,642 |
||
Electronic Equipment & Components - 0.4% |
|||
Corning, Inc. |
1,103,000 |
13,225 |
|
Trimble Navigation Ltd. (a) |
495,000 |
24,280 |
|
Universal Display Corp. (a)(d)(e) |
3,595,914 |
145,167 |
|
|
182,672 |
||
Internet Software & Services - 5.7% |
|||
Akamai Technologies, Inc. (a) |
1,600,000 |
60,016 |
|
Baidu.com, Inc. sponsored ADR (a) |
2,270,000 |
252,969 |
|
Dropbox, Inc. (g) |
1,105,082 |
10,000 |
|
eBay, Inc. (a) |
5,167,200 |
245,287 |
|
Facebook, Inc.: |
|
|
|
Class A (d) |
2,288,700 |
41,380 |
|
Class B (a)(g) |
1,758,114 |
28,608 |
|
Google, Inc. Class A (a) |
2,197,448 |
1,505,450 |
|
LinkedIn Corp. (a) |
110,000 |
11,803 |
|
Mail.ru Group Ltd. GDR (f) |
1,577,600 |
51,698 |
|
MercadoLibre, Inc. |
350,000 |
27,853 |
|
Rackspace Hosting, Inc. (a) |
2,825,000 |
169,444 |
|
SINA Corp. (a)(d) |
310,000 |
17,391 |
|
Yandex NV (a) |
895,000 |
18,902 |
|
YouKu.com, Inc. ADR (a)(d) |
1,670,000 |
28,039 |
|
|
2,468,840 |
||
IT Services - 3.5% |
|||
Cognizant Technology Solutions Corp. Class A (a) |
1,734,716 |
111,508 |
|
IBM Corp. |
3,059,800 |
596,202 |
|
MasterCard, Inc. Class A |
837,000 |
353,967 |
|
Teradata Corp. (a) |
1,040,000 |
79,435 |
|
VeriFone Systems, Inc. (a) |
1,015,000 |
35,261 |
|
Visa, Inc. Class A |
2,694,100 |
345,518 |
|
|
1,521,891 |
||
Semiconductors & Semiconductor Equipment - 6.4% |
|||
Altera Corp. |
1,020,000 |
38,077 |
|
Applied Micro Circuits Corp. (a)(e) |
6,116,938 |
31,258 |
|
ARM Holdings PLC sponsored ADR |
1,400,000 |
38,136 |
|
ASML Holding NV |
1,143,888 |
64,939 |
|
Atmel Corp. (a) |
760,000 |
4,507 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
INFORMATION TECHNOLOGY - continued |
|||
Semiconductors & Semiconductor Equipment - continued |
|||
Broadcom Corp. Class A |
4,050,000 |
$ 143,897 |
|
Cree, Inc. (a)(d)(e) |
11,615,294 |
327,551 |
|
Cypress Semiconductor Corp. (e) |
15,893,240 |
184,521 |
|
Intel Corp. |
8,210,000 |
203,854 |
|
KLA-Tencor Corp. |
510,000 |
26,168 |
|
Marvell Technology Group Ltd. |
1,918,310 |
19,528 |
|
MaxLinear, Inc. Class A (e) |
2,354,608 |
13,445 |
|
Mellanox Technologies Ltd. (a)(e) |
3,973,424 |
454,520 |
|
NVIDIA Corp. (a)(e) |
49,105,384 |
688,949 |
|
Rambus, Inc. (a)(d)(e) |
11,457,400 |
49,038 |
|
Samsung Electronics Co. Ltd. |
50,000 |
54,375 |
|
Silicon Laboratories, Inc. (a)(e) |
4,600,680 |
175,930 |
|
Skyworks Solutions, Inc. (a) |
2,725,000 |
83,004 |
|
Texas Instruments, Inc. |
3,941,000 |
114,447 |
|
Volterra Semiconductor Corp. (a)(e) |
2,573,305 |
61,322 |
|
|
2,777,466 |
||
Software - 9.5% |
|||
Activision Blizzard, Inc. |
15,635,776 |
183,877 |
|
Adobe Systems, Inc. (a) |
668,236 |
20,896 |
|
Citrix Systems, Inc. (a) |
1,454,677 |
113,014 |
|
Electronic Arts, Inc. (a) |
300,000 |
3,999 |
|
Fortinet, Inc. (a) |
254,600 |
6,749 |
|
Guidewire Software, Inc. (d) |
1,525,000 |
43,539 |
|
Intuit, Inc. |
685,000 |
40,100 |
|
Jive Software, Inc. (d) |
1,830,400 |
27,621 |
|
Microsoft Corp. |
13,470,000 |
415,145 |
|
Nuance Communications, Inc. (a) |
700,000 |
16,695 |
|
Oracle Corp. |
6,855,000 |
216,961 |
|
QLIK Technologies, Inc. (a)(e) |
8,181,676 |
173,042 |
|
Red Hat, Inc. (a)(e) |
15,418,586 |
864,058 |
|
salesforce.com, Inc. (a)(e) |
10,576,594 |
1,535,510 |
|
ServiceNow, Inc. (d) |
103,700 |
3,225 |
|
SolarWinds, Inc. (a) |
3,196,300 |
175,413 |
|
Solera Holdings, Inc. |
1,775,051 |
73,008 |
|
Splunk, Inc. |
456,300 |
15,697 |
|
TiVo, Inc. (a)(e) |
8,074,576 |
73,398 |
|
VMware, Inc. Class A (a) |
1,887,533 |
168,066 |
|
|
4,170,013 |
||
TOTAL INFORMATION TECHNOLOGY |
16,645,273 |
||
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
MATERIALS - 2.8% |
|||
Chemicals - 2.4% |
|||
CF Industries Holdings, Inc. |
346,785 |
$ 71,788 |
|
Dow Chemical Co. |
1,545,000 |
45,284 |
|
E.I. du Pont de Nemours & Co. |
3,645,000 |
181,339 |
|
Monsanto Co. |
7,499,978 |
653,323 |
|
The Mosaic Co. |
1,375,000 |
79,626 |
|
|
1,031,360 |
||
Metals & Mining - 0.4% |
|||
Alcoa, Inc. |
1,650,000 |
14,124 |
|
Barrick Gold Corp. |
54,000 |
2,082 |
|
Fortescue Metals Group Ltd. (d) |
16,422,802 |
60,064 |
|
Freeport-McMoRan Copper & Gold, Inc. |
2,600,000 |
93,886 |
|
Mongolian Mining Corp. (a) |
25,802,500 |
11,943 |
|
Newmont Mining Corp. |
230,000 |
11,656 |
|
Nucor Corp. |
200,000 |
7,530 |
|
|
201,285 |
||
TOTAL MATERIALS |
1,232,645 |
||
TELECOMMUNICATION SERVICES - 0.9% |
|||
Diversified Telecommunication Services - 0.4% |
|||
Verizon Communications, Inc. |
4,120,000 |
176,913 |
|
Wireless Telecommunication Services - 0.5% |
|||
Sprint Nextel Corp. (a) |
40,000,000 |
194,000 |
|
TOTAL TELECOMMUNICATION SERVICES |
370,913 |
||
TOTAL COMMON STOCKS (Cost $28,042,471) |
|
||
Preferred Stocks - 0.1% |
|||
|
|
|
|
Convertible Preferred Stocks - 0.1% |
|||
HEALTH CARE - 0.1% |
|||
Biotechnology - 0.0% |
|||
Ariosa Diagnostics (g) |
827,814 |
5,000 |
|
bluebird bio (g) |
9,767,944 |
4,870 |
|
|
9,870 |
||
Health Care Technology - 0.0% |
|||
Castlight Health, Inc. Series D (a)(g) |
2,070,648 |
14,495 |
|
Preferred Stocks - continued |
|||
Shares |
Value (000s) |
||
Convertible Preferred Stocks - continued |
|||
HEALTH CARE - continued |
|||
Pharmaceuticals - 0.1% |
|||
Agios Pharmaceuticals, Inc. Series C (g) |
2,036,659 |
$ 10,002 |
|
Concert Pharmaceuticals, Inc. Series C, 6.00% (a)(g) |
4,000,000 |
7,160 |
|
|
17,162 |
||
TOTAL HEALTH CARE |
41,527 |
||
Nonconvertible Preferred Stocks - 0.0% |
|||
CONSUMER DISCRETIONARY - 0.0% |
|||
Automobiles - 0.0% |
|||
Volkswagen AG |
70,000 |
12,362 |
|
TOTAL PREFERRED STOCKS (Cost $53,762) |
|
||
Money Market Funds - 3.4% |
|||
|
|
|
|
Fidelity Cash Central Fund, 0.17% (b) |
86,894,516 |
86,895 |
|
Fidelity Securities Lending Cash Central Fund, 0.18% (b)(c) |
1,386,936,932 |
1,386,937 |
|
TOTAL MONEY MARKET FUNDS (Cost $1,473,832) |
|
||
TOTAL INVESTMENT PORTFOLIO - 103.0% (Cost $29,570,065) |
44,973,726 |
||
NET OTHER ASSETS (LIABILITIES) - (3.0)% |
(1,326,750) |
||
NET ASSETS - 100% |
$ 43,646,976 |
Legend |
(a) Non-income producing |
(b) Affiliated fund that is 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. |
(c) Investment made with cash collateral received from securities on loan. |
(d) Security or a portion of the security is on loan at period end. |
(e) Affiliated company |
(f) 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 $51,698,000 or 0.1% of net assets. |
(g) 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 $90,520,000 or 0.2% of net assets. |
Additional information on each restricted holding is as follows: |
Security |
Acquisition Date |
Acquisition Cost (000s) |
Agios Pharmaceuticals, Inc. Series C |
11/16/11 |
$ 10,002 |
Ariosa Diagnostics |
11/30/11 |
$ 5,000 |
bluebird bio |
7/23/12 |
$ 4,867 |
Castlight Health, Inc. Series D |
4/25/12 |
$ 12,500 |
Concert Pharmaceuticals, Inc. |
2/9/09 |
$ 151 |
Concert Pharmaceuticals, Inc. Series C, 6.00% |
4/25/08 |
$ 10,000 |
Dropbox, Inc. |
5/2/12 |
$ 10,000 |
Facebook, Inc. Class B |
3/31/11 - 5/19/11 |
$ 43,965 |
Merrimack Pharmaceuticals, Inc. |
3/31/11 |
$ 10,000 |
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 |
$ 113 |
Fidelity Securities Lending Cash Central Fund |
21,150 |
Total |
$ 21,263 |
Other Affiliated Issuers |
An affiliated company is a company in which the Fund has ownership of at least 5% of the voting securities. Fiscal year to date transactions with companies which are or were affiliates are as follows: |
Affiliates |
Value, |
Purchases |
Sales |
Dividend |
Value, |
Acadia Pharmaceuticals, Inc. |
$ 2,734 |
$ - |
$ 2,923 |
$ - |
$ - |
Alkermes PLC |
155,687 |
46,945 |
- |
- |
238,706 |
Alnylam Pharmaceuticals, Inc. |
21,380 |
11,494 |
1,206 |
- |
70,002 |
Amylin Pharmaceuticals, Inc. |
155,977 |
25,669 |
493,652 |
- |
- |
Applied Micro Circuits Corp. |
19,240 |
24,759 |
- |
- |
31,258 |
Array Biopharma, Inc. |
8,733 |
- |
5,222 |
- |
- |
BJ's Restaurants, Inc. |
89,346 |
- |
89,547 |
- |
- |
Cepheid, Inc. |
210,518 |
30,080 |
36,972 |
- |
216,347 |
Chuys Holdings, Inc. |
- |
24,366 |
- |
- |
31,020 |
Clovis Oncology, Inc. |
8,207 |
15,100 |
- |
- |
24,009 |
Cree, Inc. |
146,571 |
160,315 |
- |
- |
327,551 |
Cypress Semiconductor Corp. |
327,875 |
- |
19,375 |
5,170 |
184,521 |
Elan Corp. PLC sponsored ADR |
461,138 |
- |
52,227 |
- |
438,429 |
Endocyte, Inc. |
19,749 |
- |
5,554 |
- |
- |
Exelixis, Inc. |
59,143 |
21,178 |
- |
- |
76,617 |
Fifth & Pacific Companies, Inc. |
- |
77,953 |
- |
- |
89,305 |
Fossil, Inc. |
504,221 |
88,549 |
47,737 |
- |
500,249 |
Francescas Holdings Corp. |
28,946 |
50,442 |
- |
- |
131,370 |
Fresh Market, Inc. |
92,130 |
11,345 |
5,305 |
- |
141,326 |
Fusion-io, Inc. |
175,921 |
106,148 |
- |
- |
256,127 |
Herbalife Ltd. |
561,307 |
58,610 |
5,326 |
9,837 |
532,300 |
Home Inns & Hotels Management, Inc. sponsored ADR |
113,369 |
- |
18,811 |
- |
63,992 |
Human Genome Sciences, Inc. |
146,243 |
17,171 |
296,494 |
- |
- |
ICG Group, Inc. |
32,503 |
- |
- |
- |
34,428 |
ImmunoGen, Inc. |
91,441 |
12,656 |
- |
- |
120,070 |
Immunomedics, Inc. |
25,288 |
- |
- |
- |
25,363 |
Infinera Corp. |
69,850 |
1,553 |
- |
- |
58,636 |
Insulet Corp. |
71,652 |
- |
- |
- |
80,869 |
InterMune, Inc. |
89,495 |
- |
36,269 |
- |
- |
Affiliates |
Value, |
Purchases |
Sales |
Dividend |
Value, |
Isis Pharmaceuticals, Inc. |
$ 73,887 |
$ 500 |
$ - |
$ - |
$ 136,321 |
JetBlue Airways Corp. |
118,182 |
- |
49,719 |
- |
90,331 |
K12, Inc. |
23,971 |
24,594 |
- |
- |
42,311 |
Lennar Corp. Class A |
199,954 |
47,443 |
- |
1,493 |
418,349 |
Lexicon Pharmaceuticals, Inc. |
39,495 |
16,295 |
- |
- |
107,915 |
Lions Gate Entertainment Corp. |
51,733 |
54,688 |
96,526 |
- |
- |
lululemon athletica, Inc. |
602,220 |
- |
- |
- |
789,914 |
Lumber Liquidators Holdings, Inc. |
46,757 |
- |
- |
- |
128,789 |
MAP Pharmaceuticals, Inc. |
37,692 |
9,801 |
- |
- |
46,414 |
MaxLinear, Inc. Class A |
11,349 |
- |
- |
- |
- |
Mellanox Technologies Ltd. |
136,158 |
5,377 |
- |
- |
454,520 |
Metabolix, Inc. |
15,022 |
- |
1,332 |
- |
4,285 |
Micromet, Inc. |
56,424 |
- |
100,315 |
- |
- |
NPS Pharmaceuticals, Inc. |
41,857 |
1,606 |
- |
- |
57,828 |
NVIDIA Corp. |
647,403 |
206,334 |
103,906 |
- |
688,949 |
Pandora Media, Inc. |
26,213 |
109,344 |
35,184 |
- |
119,654 |
Pharmasset, Inc. |
974,116 |
- |
967,313 |
- |
- |
PrivateBancorp, Inc. |
39,048 |
- |
- |
122 |
66,300 |
QLIK Technologies, Inc. |
193,237 |
35,201 |
- |
- |
173,042 |
Rambus, Inc. |
91,430 |
- |
- |
- |
49,038 |
Red Hat, Inc. |
718,327 |
48,408 |
- |
- |
864,058 |
Regeneron Pharmaceuticals, Inc. |
527,289 |
12,979 |
62,080 |
- |
1,252,002 |
Rigel Pharmaceuticals, Inc. |
49,910 |
753 |
- |
- |
61,721 |
Riverbed Technology, Inc. |
367,848 |
59,959 |
84,633 |
- |
256,410 |
salesforce.com, Inc. |
1,096,640 |
161,815 |
- |
- |
1,535,510 |
Seattle Genetics, Inc. |
189,210 |
2,653 |
- |
- |
305,280 |
Silicon Graphics International Corp. |
46,214 |
- |
- |
- |
26,452 |
Silicon Image, Inc. |
32,167 |
- |
34,392 |
- |
- |
Silicon Laboratories, Inc. |
198,841 |
- |
- |
- |
175,930 |
SodaStream International Ltd. |
58,487 |
681 |
- |
- |
76,264 |
SuccessFactors, Inc. |
204,934 |
- |
317,976 |
- |
- |
TiVo, Inc. |
114,851 |
- |
36,268 |
- |
73,398 |
Affiliates |
Value, |
Purchases |
Sales |
Dividend |
Value, |
Transition Therapeutics, Inc. |
$ 3,545 |
$ - |
$ - |
$ - |
$ 5,598 |
Universal Display Corp. |
57,334 |
83,702 |
- |
- |
145,167 |
Vera Bradley, Inc. |
93,095 |
- |
86,582 |
- |
- |
Volterra Semiconductor Corp. |
63,046 |
- |
- |
- |
61,322 |
Total |
$ 10,936,550 |
$ 1,666,466 |
$ 3,092,846 |
$ 16,622 |
$ 11,885,567 |
Other Information |
The following is a summary of the inputs used, as of August 31, 2012, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section at the end of this listing. |
Valuation Inputs at Reporting Date: |
||||
Description |
Total |
Level 1 |
Level 2 |
Level 3 |
Investments in Securities: |
||||
Equities: |
||||
Consumer Discretionary |
$ 7,021,686 |
$ 7,021,686 |
$ - |
$ - |
Consumer Staples |
4,491,192 |
4,491,192 |
- |
- |
Energy |
2,004,106 |
2,004,106 |
- |
- |
Financials |
2,064,630 |
2,064,630 |
- |
- |
Health Care |
6,950,873 |
6,898,961 |
10,234 |
41,678 |
Industrials |
2,718,576 |
2,718,576 |
- |
- |
Information Technology |
16,645,273 |
16,606,665 |
28,608 |
10,000 |
Materials |
1,232,645 |
1,232,645 |
- |
- |
Telecommunication Services |
370,913 |
370,913 |
- |
- |
Money Market Funds |
1,473,832 |
1,473,832 |
- |
- |
Total Investments in Securities: |
$ 44,973,726 |
$ 44,883,206 |
$ 38,842 |
$ 51,678 |
Income Tax Information |
At August 31, 2012, the cost of investment securities for income tax purposes was $29,686,581,000. Net unrealized appreciation aggregated $15,287,145,000, of which $17,509,081,000 related to appreciated investment securities and $2,221,936,000 related to depreciated investment 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. In accordance with valuation policies and procedures approved by the Board of Trustees (the Board), the Fund attempts to obtain prices from one or more third party pricing vendor or broker to value its investments. When current market prices, quotations or rates are not readily available or reliable, securities will be fair valued in good faith by the FMR Fair Value Committee (the Committee), in accordance with procedures adopted by the Fund's Board. Factors used in determining fair value vary by security type and may include market or security 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 is responsible for approving and reporting to the Board all fair value determinations. 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 significant 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 are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and these securities are 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 policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report. |
Quarterly 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. or an affiliate. |
Quarterly Report
Quarterly Holdings Report
for
Fidelity ® Growth Strategies Fund
August 31, 2012
1.805759.108
FEG-QTLY-1012
Showing Percentage of Net Assets
Common Stocks - 96.2% |
|||
Shares |
Value (000s) |
||
CONSUMER DISCRETIONARY - 23.1% |
|||
Automobiles - 1.0% |
|||
Harley-Davidson, Inc. |
317,900 |
$ 13,339 |
|
Tesla Motors, Inc. (a) |
150,000 |
4,278 |
|
|
17,617 |
||
Hotels, Restaurants & Leisure - 3.3% |
|||
Brinker International, Inc. |
400,000 |
13,784 |
|
Chipotle Mexican Grill, Inc. (a) |
10,000 |
2,886 |
|
International Game Technology |
800,000 |
9,832 |
|
Jack in the Box, Inc. (a) |
275,000 |
7,175 |
|
Texas Roadhouse, Inc. Class A |
450,000 |
7,727 |
|
Wyndham Worldwide Corp. |
257,100 |
13,405 |
|
|
54,809 |
||
Household Durables - 1.3% |
|||
Jarden Corp. |
225,000 |
10,874 |
|
Tupperware Brands Corp. |
210,000 |
11,231 |
|
|
22,105 |
||
Internet & Catalog Retail - 0.6% |
|||
Expedia, Inc. |
200,000 |
10,272 |
|
Media - 2.7% |
|||
Discovery Communications, Inc. (a) |
150,000 |
8,226 |
|
McGraw-Hill Companies, Inc. |
445,000 |
22,774 |
|
Virgin Media, Inc. (d) |
550,000 |
15,164 |
|
|
46,164 |
||
Multiline Retail - 0.9% |
|||
Dollar Tree, Inc. (a) |
325,000 |
15,655 |
|
Specialty Retail - 8.6% |
|||
Aarons, Inc. Class A |
300,000 |
8,961 |
|
Advance Auto Parts, Inc. |
200,000 |
14,224 |
|
Ascena Retail Group, Inc. (a) |
450,000 |
8,910 |
|
AutoZone, Inc. (a) |
25,000 |
9,041 |
|
Bed Bath & Beyond, Inc. (a) |
50,000 |
3,359 |
|
CarMax, Inc. (a) |
275,000 |
8,412 |
|
Foot Locker, Inc. |
350,000 |
12,100 |
|
Gap, Inc. |
398,700 |
14,281 |
|
Guess?, Inc. |
250,000 |
6,515 |
|
Limited Brands, Inc. |
350,000 |
17,010 |
|
O'Reilly Automotive, Inc. (a) |
190,000 |
16,141 |
|
Ross Stores, Inc. |
100,000 |
6,919 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
CONSUMER DISCRETIONARY - continued |
|||
Specialty Retail - continued |
|||
Sally Beauty Holdings, Inc. (a) |
250,000 |
$ 6,875 |
|
Urban Outfitters, Inc. (a) |
300,000 |
11,262 |
|
|
144,010 |
||
Textiles, Apparel & Luxury Goods - 4.7% |
|||
Deckers Outdoor Corp. (a)(d) |
175,000 |
8,666 |
|
PVH Corp. |
165,300 |
15,522 |
|
Ralph Lauren Corp. |
110,000 |
17,452 |
|
Under Armour, Inc. Class A (sub. vtg.) (a) |
150,000 |
8,732 |
|
VF Corp. |
125,400 |
19,146 |
|
Wolverine World Wide, Inc. |
200,000 |
9,406 |
|
|
78,924 |
||
TOTAL CONSUMER DISCRETIONARY |
389,556 |
||
CONSUMER STAPLES - 7.4% |
|||
Beverages - 1.9% |
|||
Brown-Forman Corp. Class B (non-vtg.) |
225,000 |
14,423 |
|
Constellation Brands, Inc. Class A (sub. vtg.) (a) |
350,000 |
11,529 |
|
Embotelladora Andina SA ADR |
219,500 |
5,918 |
|
|
31,870 |
||
Food Products - 2.9% |
|||
DE Master Blenders 1753 NV (a) |
650,000 |
7,656 |
|
Green Mountain Coffee Roasters, Inc. (a) |
202,288 |
4,918 |
|
Mead Johnson Nutrition Co. Class A |
275,000 |
20,166 |
|
The Hershey Co. |
230,000 |
16,519 |
|
|
49,259 |
||
Personal Products - 1.3% |
|||
Avon Products, Inc. |
625,000 |
9,656 |
|
Herbalife Ltd. |
240,200 |
11,623 |
|
|
21,279 |
||
Tobacco - 1.3% |
|||
Lorillard, Inc. |
179,000 |
22,466 |
|
TOTAL CONSUMER STAPLES |
124,874 |
||
ENERGY - 6.1% |
|||
Energy Equipment & Services - 4.1% |
|||
Cameron International Corp. (a) |
354,100 |
19,373 |
|
Dresser-Rand Group, Inc. (a) |
262,400 |
13,283 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
ENERGY - continued |
|||
Energy Equipment & Services - continued |
|||
FMC Technologies, Inc. (a) |
400,000 |
$ 18,736 |
|
Helmerich & Payne, Inc. |
200,000 |
9,128 |
|
Rowan Companies PLC (a) |
250,000 |
8,795 |
|
|
69,315 |
||
Oil, Gas & Consumable Fuels - 2.0% |
|||
Cabot Oil & Gas Corp. |
385,000 |
15,943 |
|
Pioneer Natural Resources Co. |
185,000 |
18,012 |
|
|
33,955 |
||
TOTAL ENERGY |
103,270 |
||
FINANCIALS - 6.4% |
|||
Capital Markets - 1.2% |
|||
Affiliated Managers Group, Inc. (a) |
92,300 |
10,856 |
|
FXCM, Inc. Class A |
267,300 |
2,342 |
|
TD Ameritrade Holding Corp. |
400,000 |
6,844 |
|
|
20,042 |
||
Diversified Financial Services - 1.3% |
|||
MSCI, Inc. Class A (a) |
375,000 |
13,155 |
|
The NASDAQ Stock Market, Inc. |
375,000 |
8,576 |
|
|
21,731 |
||
Insurance - 0.5% |
|||
Aon PLC |
163,000 |
8,469 |
|
Real Estate Investment Trusts - 2.2% |
|||
CBL & Associates Properties, Inc. |
400,000 |
8,548 |
|
Digital Realty Trust, Inc. |
200,000 |
14,902 |
|
Rayonier, Inc. |
275,000 |
13,472 |
|
|
36,922 |
||
Real Estate Management & Development - 0.6% |
|||
Altisource Portfolio Solutions SA (a) |
130,000 |
10,958 |
|
Thrifts & Mortgage Finance - 0.6% |
|||
Ocwen Financial Corp. (a) |
400,000 |
10,292 |
|
TOTAL FINANCIALS |
108,414 |
||
HEALTH CARE - 15.1% |
|||
Biotechnology - 3.2% |
|||
Alexion Pharmaceuticals, Inc. (a) |
101,700 |
10,903 |
|
ARIAD Pharmaceuticals, Inc. (a) |
231,100 |
4,751 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
HEALTH CARE - continued |
|||
Biotechnology - continued |
|||
BioMarin Pharmaceutical, Inc. (a) |
200,000 |
$ 7,468 |
|
InterMune, Inc. (a) |
159,600 |
1,176 |
|
Onyx Pharmaceuticals, Inc. (a) |
75,000 |
5,394 |
|
Theravance, Inc. (a) |
76,791 |
2,048 |
|
Threshold Pharmaceuticals, Inc. (a)(d) |
232,000 |
2,044 |
|
United Therapeutics Corp. (a) |
90,000 |
4,871 |
|
Vertex Pharmaceuticals, Inc. (a) |
275,000 |
14,666 |
|
|
53,321 |
||
Health Care Equipment & Supplies - 2.6% |
|||
C.R. Bard, Inc. |
170,000 |
16,679 |
|
Edwards Lifesciences Corp. (a) |
45,000 |
4,595 |
|
The Cooper Companies, Inc. |
120,000 |
10,062 |
|
Varian Medical Systems, Inc. (a) |
225,000 |
13,228 |
|
|
44,564 |
||
Health Care Providers & Services - 6.4% |
|||
Aetna, Inc. |
175,000 |
6,722 |
|
AmerisourceBergen Corp. |
513,100 |
19,765 |
|
Catamaran Corp. (a) |
115,000 |
9,982 |
|
DaVita, Inc. (a) |
115,000 |
11,186 |
|
HCA Holdings, Inc. |
350,000 |
9,993 |
|
Henry Schein, Inc. (a) |
110,000 |
8,449 |
|
Laboratory Corp. of America Holdings (a) |
230,000 |
20,229 |
|
MEDNAX, Inc. (a) |
125,000 |
8,660 |
|
Universal Health Services, Inc. Class B |
165,035 |
6,593 |
|
Wellcare Health Plans, Inc. (a) |
110,500 |
6,264 |
|
|
107,843 |
||
Health Care Technology - 0.3% |
|||
Cerner Corp. (a) |
60,000 |
4,388 |
|
Life Sciences Tools & Services - 0.7% |
|||
Waters Corp. (a) |
155,000 |
12,429 |
|
Pharmaceuticals - 1.9% |
|||
Elan Corp. PLC sponsored ADR (a) |
200,000 |
2,272 |
|
Salix Pharmaceuticals Ltd. (a) |
100,000 |
4,396 |
|
Shire PLC sponsored ADR |
50,000 |
4,527 |
|
ViroPharma, Inc. (a) |
87,920 |
2,339 |
|
Watson Pharmaceuticals, Inc. (a) |
225,000 |
18,304 |
|
|
31,838 |
||
TOTAL HEALTH CARE |
254,383 |
||
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
INDUSTRIALS - 12.7% |
|||
Aerospace & Defense - 1.7% |
|||
Esterline Technologies Corp. (a) |
92,300 |
$ 5,520 |
|
Textron, Inc. |
275,000 |
7,348 |
|
TransDigm Group, Inc. (a) |
113,400 |
15,720 |
|
|
28,588 |
||
Building Products - 0.4% |
|||
Owens Corning (a) |
225,000 |
7,506 |
|
Commercial Services & Supplies - 0.8% |
|||
Stericycle, Inc. (a) |
150,000 |
13,728 |
|
Construction & Engineering - 0.4% |
|||
Quanta Services, Inc. (a) |
250,000 |
6,000 |
|
Electrical Equipment - 2.8% |
|||
AMETEK, Inc. |
500,000 |
17,155 |
|
Hubbell, Inc. Class B |
142,000 |
11,476 |
|
Roper Industries, Inc. |
175,000 |
17,988 |
|
|
46,619 |
||
Machinery - 2.6% |
|||
Donaldson Co., Inc. |
200,000 |
7,058 |
|
Ingersoll-Rand PLC |
360,000 |
16,834 |
|
Parker Hannifin Corp. |
135,000 |
10,797 |
|
Valmont Industries, Inc. |
70,000 |
8,873 |
|
|
43,562 |
||
Professional Services - 1.7% |
|||
Equifax, Inc. |
275,000 |
12,590 |
|
IHS, Inc. Class A (a) |
140,000 |
15,966 |
|
|
28,556 |
||
Road & Rail - 0.7% |
|||
J.B. Hunt Transport Services, Inc. |
235,000 |
12,323 |
|
Trading Companies & Distributors - 1.6% |
|||
Brenntag AG |
70,000 |
8,342 |
|
W.W. Grainger, Inc. |
90,000 |
18,536 |
|
|
26,878 |
||
TOTAL INDUSTRIALS |
213,760 |
||
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
INFORMATION TECHNOLOGY - 17.9% |
|||
Communications Equipment - 0.7% |
|||
Acme Packet, Inc. (a)(d) |
325,000 |
$ 6,204 |
|
Polycom, Inc. (a) |
600,000 |
6,252 |
|
|
12,456 |
||
Computers & Peripherals - 1.6% |
|||
NCR Corp. (a) |
650,000 |
14,554 |
|
NetApp, Inc. (a) |
350,000 |
12,082 |
|
|
26,636 |
||
Electronic Equipment & Components - 1.2% |
|||
Amphenol Corp. Class A |
317,000 |
19,296 |
|
Internet Software & Services - 1.2% |
|||
Akamai Technologies, Inc. (a) |
300,000 |
11,253 |
|
VeriSign, Inc. (a) |
200,000 |
9,536 |
|
|
20,789 |
||
IT Services - 4.3% |
|||
Amdocs Ltd. |
375,000 |
12,090 |
|
ExlService Holdings, Inc. (a) |
63,637 |
1,640 |
|
Fiserv, Inc. (a) |
250,000 |
17,828 |
|
Global Payments, Inc. |
275,000 |
11,454 |
|
The Western Union Co. |
1,100,000 |
19,371 |
|
Total System Services, Inc. |
450,000 |
10,431 |
|
|
72,814 |
||
Semiconductors & Semiconductor Equipment - 2.3% |
|||
Altera Corp. |
475,000 |
17,732 |
|
ASML Holding NV |
100,000 |
5,677 |
|
Cree, Inc. (a) |
300,000 |
8,460 |
|
KLA-Tencor Corp. |
116,444 |
5,975 |
|
|
37,844 |
||
Software - 6.6% |
|||
Adobe Systems, Inc. (a) |
200,000 |
6,254 |
|
Autodesk, Inc. (a) |
450,000 |
13,973 |
|
BMC Software, Inc. (a) |
331,361 |
13,718 |
|
Check Point Software Technologies Ltd. (a) |
175,000 |
8,066 |
|
Citrix Systems, Inc. (a) |
250,000 |
19,423 |
|
Comverse Technology, Inc. (a) |
665,765 |
3,995 |
|
Intuit, Inc. |
375,000 |
21,953 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
INFORMATION TECHNOLOGY - continued |
|||
Software - continued |
|||
Nuance Communications, Inc. (a) |
586,822 |
$ 13,996 |
|
Synopsys, Inc. (a) |
300,000 |
9,909 |
|
|
111,287 |
||
TOTAL INFORMATION TECHNOLOGY |
301,122 |
||
MATERIALS - 6.4% |
|||
Chemicals - 5.4% |
|||
Airgas, Inc. |
110,000 |
9,138 |
|
Albemarle Corp. |
175,000 |
9,578 |
|
Eastman Chemical Co. |
250,000 |
13,815 |
|
FMC Corp. |
243,300 |
13,216 |
|
Sherwin-Williams Co. |
130,000 |
18,600 |
|
Sigma Aldrich Corp. |
206,200 |
14,646 |
|
W.R. Grace & Co. (a) |
200,000 |
11,552 |
|
|
90,545 |
||
Containers & Packaging - 1.0% |
|||
Rock-Tenn Co. Class A |
100,000 |
6,677 |
|
Silgan Holdings, Inc. |
250,000 |
10,483 |
|
|
17,160 |
||
TOTAL MATERIALS |
107,705 |
||
TELECOMMUNICATION SERVICES - 1.1% |
|||
Wireless Telecommunication Services - 1.1% |
|||
SBA Communications Corp. Class A (a) |
300,000 |
17,934 |
|
TOTAL COMMON STOCKS (Cost $1,549,498) |
|
||
Money Market Funds - 5.2% |
|||
Shares |
Value (000s) |
||
Fidelity Cash Central Fund, 0.17% (b) |
65,353,131 |
$ 65,353 |
|
Fidelity Securities Lending Cash Central Fund, 0.18% (b)(c) |
22,792,586 |
22,793 |
|
TOTAL MONEY MARKET FUNDS (Cost $88,146) |
|
||
TOTAL INVESTMENT PORTFOLIO - 101.4% (Cost $1,637,644) |
1,709,164 |
||
NET OTHER ASSETS (LIABILITIES) - (1.4)% |
(24,416) |
||
NET ASSETS - 100% |
$ 1,684,748 |
Legend |
(a) Non-income producing |
(b) Affiliated fund that is 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. |
(c) Investment made with cash collateral received from securities on loan. |
(d) Security or a portion of the security is on loan at period end. |
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 |
$ 60 |
Fidelity Securities Lending Cash Central Fund |
394 |
Total |
$ 454 |
Other Affiliated Issuers |
An affiliated company is a company in which the Fund has ownership of at least 5% of the voting securities. Fiscal year to date transactions with companies which are or were affiliates are as follows: |
Affiliates |
Value, |
Purchases |
Sales |
Dividend |
Value, |
Heckmann Corp. |
$ 35,998 |
$ 21,862 |
$ 37,859 |
$ - |
$ - |
Magma Design Automation, Inc. |
25,662 |
- |
31,859 |
- |
- |
Origin Agritech Ltd. |
6,489 |
- |
6,442 |
- |
- |
Ultrapetrol (Bahamas) Ltd. |
8,005 |
- |
5,613 |
- |
- |
Total |
$ 76,154 |
$ 21,862 |
$ 81,773 |
$ - |
$ - |
Other Information |
All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs please refer to the Investment Valuation section at the end of this listing. |
Income Tax Information |
At August 31, 2012, the cost of investment securities for income tax purposes was $1,642,581,000. Net unrealized appreciation aggregated $66,583,000, of which $125,834,000 related to appreciated investment securities and $59,251,000 related to depreciated investment 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. In accordance with valuation policies and procedures approved by the Board of Trustees (the Board), the Fund attempts to obtain prices from one or more third party pricing vendor or broker to value its investments. When current market prices, quotations or rates are not readily available or reliable, securities will be fair valued in good faith by the FMR Fair Value Committee (the Committee), in accordance with procedures adopted by the Fund's Board. Factors used in determining fair value vary by security type and may include market or security 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 is responsible for approving and reporting to the Board all fair value determinations. 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 significant 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 are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in transfers between Level 1 and Level 2. |
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 policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report. |
Quarterly 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. or an affiliate. |
Quarterly Report
Quarterly Holdings Report
for
Fidelity ® New Millennium Fund
August 31, 2012
1.805750.108
NMF-QTLY-1012
Showing Percentage of Net Assets
Common Stocks - 97.2% |
|||
Shares |
Value (000s) |
||
CONSUMER DISCRETIONARY - 10.5% |
|||
Automobiles - 0.3% |
|||
Tesla Motors, Inc. (a) |
179,500 |
$ 5,119 |
|
Distributors - 0.3% |
|||
Pool Corp. |
172,300 |
6,787 |
|
Hotels, Restaurants & Leisure - 0.9% |
|||
Arcos Dorados Holdings, Inc. |
279,800 |
3,696 |
|
Bravo Brio Restaurant Group, Inc. (a) |
276,800 |
4,476 |
|
Jubilant Foodworks Ltd. (a) |
232,999 |
4,889 |
|
Texas Roadhouse, Inc. Class A |
250,000 |
4,293 |
|
|
17,354 |
||
Household Durables - 1.1% |
|||
D.R. Horton, Inc. |
488,100 |
9,269 |
|
Toll Brothers, Inc. (a) |
216,500 |
7,084 |
|
Tupperware Brands Corp. |
107,200 |
5,733 |
|
|
22,086 |
||
Internet & Catalog Retail - 0.2% |
|||
Rakuten, Inc. |
477,800 |
4,619 |
|
Leisure Equipment & Products - 0.9% |
|||
Amer Group PLC (A Shares) |
250,000 |
3,042 |
|
Brunswick Corp. |
270,542 |
6,409 |
|
New Academy Holding Co. LLC unit (g)(h) |
66,000 |
7,773 |
|
|
17,224 |
||
Media - 4.0% |
|||
Comcast Corp. Class A |
998,000 |
33,463 |
|
Legend Pictures LLC (a)(g)(h) |
697 |
745 |
|
The Walt Disney Co. |
437,500 |
21,643 |
|
Time Warner, Inc. |
348,700 |
14,488 |
|
Viacom, Inc. Class B (non-vtg.) |
206,400 |
10,322 |
|
|
80,661 |
||
Multiline Retail - 0.9% |
|||
Dollar General Corp. (a) |
110,000 |
5,618 |
|
Target Corp. |
203,700 |
13,055 |
|
|
18,673 |
||
Specialty Retail - 1.9% |
|||
Lithia Motors, Inc. Class A (sub. vtg.) |
213,800 |
6,245 |
|
Lowe's Companies, Inc. |
494,200 |
14,075 |
|
MarineMax, Inc. (a) |
548,082 |
3,952 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
CONSUMER DISCRETIONARY - continued |
|||
Specialty Retail - continued |
|||
PT ACE Hardware Indonesia Tbk |
5,205,000 |
$ 3,112 |
|
Sally Beauty Holdings, Inc. (a) |
418,500 |
11,509 |
|
|
38,893 |
||
TOTAL CONSUMER DISCRETIONARY |
211,416 |
||
CONSUMER STAPLES - 10.3% |
|||
Beverages - 2.0% |
|||
Beam, Inc. |
360,300 |
21,027 |
|
Brown-Forman Corp. Class B (non-vtg.) |
117,000 |
7,500 |
|
Constellation Brands, Inc. Class A (sub. vtg.) (a) |
230,800 |
7,603 |
|
Monster Beverage Corp. (a) |
74,300 |
4,378 |
|
|
40,508 |
||
Food & Staples Retailing - 2.7% |
|||
CVS Caremark Corp. |
327,100 |
14,899 |
|
Wal-Mart Stores, Inc. |
411,800 |
29,897 |
|
Whole Foods Market, Inc. |
101,600 |
9,830 |
|
|
54,626 |
||
Food Products - 1.7% |
|||
Green Mountain Coffee Roasters, Inc. (a)(d) |
474,592 |
11,537 |
|
Kraft Foods, Inc. Class A |
389,300 |
16,168 |
|
The Hershey Co. |
75,000 |
5,387 |
|
|
33,092 |
||
Household Products - 1.6% |
|||
Church & Dwight Co., Inc. |
140,000 |
7,664 |
|
Colgate-Palmolive Co. |
192,000 |
20,412 |
|
LG Household & Health Care Ltd. |
8,117 |
4,453 |
|
|
32,529 |
||
Personal Products - 0.5% |
|||
Nu Skin Enterprises, Inc. Class A |
139,500 |
5,788 |
|
Prestige Brands Holdings, Inc. (a) |
300,000 |
4,818 |
|
|
10,606 |
||
Tobacco - 1.8% |
|||
Altria Group, Inc. |
566,000 |
19,221 |
|
British American Tobacco PLC sponsored ADR |
148,700 |
15,575 |
|
|
34,796 |
||
TOTAL CONSUMER STAPLES |
206,157 |
||
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
ENERGY - 9.7% |
|||
Energy Equipment & Services - 0.7% |
|||
Diamond Offshore Drilling, Inc. (d) |
116,000 |
$ 7,774 |
|
Helmerich & Payne, Inc. |
115,000 |
5,249 |
|
|
13,023 |
||
Oil, Gas & Consumable Fuels - 9.0% |
|||
Anadarko Petroleum Corp. |
185,800 |
12,870 |
|
Cabot Oil & Gas Corp. |
202,400 |
8,381 |
|
Chevron Corp. |
186,200 |
20,884 |
|
Concho Resources, Inc. (a) |
47,800 |
4,290 |
|
EOG Resources, Inc. |
65,700 |
7,115 |
|
EV Energy Partners LP |
170,100 |
10,677 |
|
Exxon Mobil Corp. |
1,075,977 |
93,932 |
|
HollyFrontier Corp. |
150,000 |
6,044 |
|
Noble Energy, Inc. |
54,800 |
4,817 |
|
Plains Exploration & Production Co. (a) |
168,700 |
6,633 |
|
Southwestern Energy Co. (a) |
188,200 |
5,859 |
|
|
181,502 |
||
TOTAL ENERGY |
194,525 |
||
FINANCIALS - 13.0% |
|||
Capital Markets - 0.4% |
|||
ICAP PLC |
898,000 |
4,530 |
|
Manning & Napier, Inc. |
285,217 |
3,391 |
|
|
7,921 |
||
Commercial Banks - 6.0% |
|||
Alliance Financial Corp. (e) |
266,726 |
9,781 |
|
Bank of the Ozarks, Inc. |
166,700 |
5,351 |
|
First Niagara Financial Group, Inc. |
1,155,900 |
9,120 |
|
First Republic Bank |
163,900 |
5,358 |
|
FirstMerit Corp. |
432,300 |
6,783 |
|
U.S. Bancorp |
555,000 |
18,543 |
|
Webster Financial Corp. |
248,800 |
5,294 |
|
Wells Fargo & Co. |
1,615,500 |
54,975 |
|
West Coast Bancorp (a) |
275,000 |
5,478 |
|
|
120,683 |
||
Diversified Financial Services - 1.8% |
|||
JPMorgan Chase & Co. |
539,000 |
20,018 |
|
KKR Financial Holdings LLC |
1,819,000 |
16,426 |
|
|
36,444 |
||
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
FINANCIALS - continued |
|||
Insurance - 2.1% |
|||
American International Group, Inc. (a) |
254,500 |
$ 8,737 |
|
Arch Capital Group Ltd. (a) |
248,700 |
9,926 |
|
Fairfax Financial Holdings Ltd. (sub. vtg.) |
15,300 |
5,761 |
|
Fidelity National Financial, Inc. Class A |
315,000 |
5,935 |
|
The Chubb Corp. |
162,300 |
11,992 |
|
|
42,351 |
||
Real Estate Investment Trusts - 1.7% |
|||
American Capital Agency Corp. |
223,600 |
7,790 |
|
MFA Financial, Inc. |
654,700 |
5,362 |
|
Public Storage |
50,000 |
7,278 |
|
Two Harbors Investment Corp. |
1,186,800 |
13,755 |
|
|
34,185 |
||
Thrifts & Mortgage Finance - 1.0% |
|||
MGIC Investment Corp. (a)(d) |
1,423,000 |
1,679 |
|
Ocwen Financial Corp. (a) |
424,900 |
10,933 |
|
Radian Group, Inc. (d) |
1,769,923 |
5,947 |
|
|
18,559 |
||
TOTAL FINANCIALS |
260,143 |
||
HEALTH CARE - 19.2% |
|||
Biotechnology - 4.7% |
|||
Alexion Pharmaceuticals, Inc. (a) |
90,100 |
9,660 |
|
Alkermes PLC (a) |
74,500 |
1,367 |
|
Amgen, Inc. |
176,480 |
14,810 |
|
ARIAD Pharmaceuticals, Inc. (a) |
329,700 |
6,779 |
|
AVEO Pharmaceuticals, Inc. (a) |
143,800 |
1,379 |
|
BioMarin Pharmaceutical, Inc. (a) |
274,000 |
10,231 |
|
Clovis Oncology, Inc. (d) |
206,300 |
3,608 |
|
Dynavax Technologies Corp. (a) |
1,099,242 |
4,298 |
|
Infinity Pharmaceuticals, Inc. (a) |
325,000 |
5,902 |
|
Isis Pharmaceuticals, Inc. (a) |
234,400 |
3,190 |
|
Merrimack Pharmaceuticals, Inc. (d) |
57,300 |
456 |
|
Neurocrine Biosciences, Inc. (a) |
833,570 |
6,152 |
|
Novavax, Inc. (a) |
2,324,700 |
4,742 |
|
Synageva BioPharma Corp. (a) |
199,200 |
9,952 |
|
Theravance, Inc. (a) |
333,100 |
8,884 |
|
ZIOPHARM Oncology, Inc. (a)(d) |
583,400 |
2,899 |
|
|
94,309 |
||
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
HEALTH CARE - continued |
|||
Health Care Equipment & Supplies - 2.0% |
|||
Covidien PLC |
211,200 |
$ 11,838 |
|
HeartWare International, Inc. CDI (a) |
9,041,641 |
23,167 |
|
Mako Surgical Corp. (a)(d) |
219,326 |
3,614 |
|
Volcano Corp. (a) |
100,000 |
2,828 |
|
|
41,447 |
||
Health Care Providers & Services - 4.4% |
|||
Air Methods Corp. (a) |
68,100 |
7,936 |
|
Brookdale Senior Living, Inc. (a) |
348,900 |
7,582 |
|
Capital Senior Living Corp. (a) |
583,800 |
7,023 |
|
Corvel Corp. (a) |
100,000 |
4,380 |
|
Emeritus Corp. (a) |
200,915 |
4,022 |
|
Health Net, Inc. (a) |
212,000 |
4,929 |
|
Henry Schein, Inc. (a) |
77,600 |
5,960 |
|
HMS Holdings Corp. (a) |
187,000 |
6,444 |
|
MWI Veterinary Supply, Inc. (a) |
28,278 |
2,851 |
|
Qualicorp SA (a) |
441,000 |
4,334 |
|
Quest Diagnostics, Inc. |
94,300 |
5,702 |
|
UnitedHealth Group, Inc. |
344,700 |
18,717 |
|
WellPoint, Inc. |
131,800 |
7,891 |
|
|
87,771 |
||
Health Care Technology - 0.3% |
|||
HealthStream, Inc. (a) |
200,000 |
5,684 |
|
Life Sciences Tools & Services - 0.7% |
|||
Eurofins Scientific SA |
42,000 |
5,468 |
|
Illumina, Inc. (a)(d) |
219,200 |
9,224 |
|
|
14,692 |
||
Pharmaceuticals - 7.1% |
|||
Eli Lilly & Co. |
424,700 |
19,073 |
|
GlaxoSmithKline PLC |
608,000 |
13,781 |
|
Impax Laboratories, Inc. (a) |
277,800 |
6,576 |
|
Merck & Co., Inc. |
712,700 |
30,682 |
|
Optimer Pharmaceuticals, Inc. (a) |
325,900 |
4,898 |
|
Perrigo Co. |
69,500 |
7,643 |
|
Pfizer, Inc. |
1,618,600 |
38,620 |
|
Shire PLC sponsored ADR |
110,700 |
10,023 |
|
ViroPharma, Inc. (a) |
429,000 |
11,411 |
|
|
142,707 |
||
TOTAL HEALTH CARE |
386,610 |
||
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
INDUSTRIALS - 9.0% |
|||
Aerospace & Defense - 2.6% |
|||
Precision Castparts Corp. |
53,300 |
$ 8,586 |
|
Raytheon Co. |
249,600 |
14,107 |
|
Textron, Inc. |
440,400 |
11,767 |
|
TransDigm Group, Inc. (a) |
124,200 |
17,217 |
|
|
51,677 |
||
Air Freight & Logistics - 1.2% |
|||
C.H. Robinson Worldwide, Inc. |
86,700 |
4,908 |
|
Hub Group, Inc. Class A (a) |
129,016 |
3,883 |
|
United Parcel Service, Inc. Class B |
212,100 |
15,655 |
|
|
24,446 |
||
Building Products - 0.8% |
|||
Lennox International, Inc. |
86,300 |
4,100 |
|
Owens Corning (a) |
215,400 |
7,186 |
|
Universal Forest Products, Inc. |
117,700 |
4,523 |
|
|
15,809 |
||
Commercial Services & Supplies - 0.9% |
|||
Clean Harbors, Inc. (a) |
160,200 |
8,713 |
|
Interface, Inc. |
381,300 |
5,235 |
|
The Geo Group, Inc. |
191,100 |
5,028 |
|
|
18,976 |
||
Machinery - 0.5% |
|||
Fanuc Corp. |
59,600 |
9,793 |
|
Professional Services - 2.2% |
|||
Acacia Research Corp. (h) |
319,000 |
8,402 |
|
Acacia Research Corp. - Acacia Technologies (a) |
266,208 |
7,012 |
|
Advisory Board Co. (a) |
115,500 |
5,120 |
|
Bureau Veritas SA |
60,000 |
5,536 |
|
IHS, Inc. Class A (a) |
62,000 |
7,070 |
|
Kforce, Inc. (a) |
314,200 |
3,682 |
|
Michael Page International PLC |
860,311 |
4,951 |
|
Robert Half International, Inc. |
140,600 |
3,698 |
|
|
45,471 |
||
Road & Rail - 0.6% |
|||
J.B. Hunt Transport Services, Inc. |
60,000 |
3,146 |
|
Kansas City Southern |
107,900 |
8,344 |
|
|
11,490 |
||
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
INDUSTRIALS - continued |
|||
Trading Companies & Distributors - 0.2% |
|||
Rush Enterprises, Inc. Class A (a) |
200,300 |
$ 3,413 |
|
TOTAL INDUSTRIALS |
181,075 |
||
INFORMATION TECHNOLOGY - 18.0% |
|||
Communications Equipment - 0.5% |
|||
Brocade Communications Systems, Inc. (a) |
974,600 |
5,653 |
|
Palo Alto Networks, Inc. |
59,800 |
3,850 |
|
|
9,503 |
||
Computers & Peripherals - 2.2% |
|||
Apple, Inc. |
65,200 |
43,374 |
|
Electronic Equipment & Components - 0.4% |
|||
Measurement Specialties, Inc. (a) |
259,400 |
8,425 |
|
Internet Software & Services - 4.8% |
|||
Akamai Technologies, Inc. (a) |
204,900 |
7,686 |
|
Blinkx PLC (a)(d) |
5,765,200 |
4,211 |
|
Cornerstone OnDemand, Inc. (a) |
426,500 |
11,434 |
|
Demandware, Inc. (d) |
146,800 |
3,817 |
|
Google, Inc. Class A (a) |
64,300 |
44,051 |
|
Open Text Corp. (a)(d) |
70,600 |
3,795 |
|
SciQuest, Inc. (a) |
272,700 |
4,595 |
|
Stamps.com, Inc. (a) |
230,000 |
5,092 |
|
VeriSign, Inc. (a) |
243,000 |
11,586 |
|
|
96,267 |
||
IT Services - 4.8% |
|||
Cardtronics, Inc. (a) |
126,800 |
3,582 |
|
Cognizant Technology Solutions Corp. Class A (a) |
172,600 |
11,095 |
|
Fidelity National Information Services, Inc. |
192,000 |
6,048 |
|
IBM Corp. |
256,600 |
49,999 |
|
MasterCard, Inc. Class A |
29,300 |
12,391 |
|
Paychex, Inc. |
200,000 |
6,652 |
|
Teradata Corp. (a) |
100,000 |
7,638 |
|
|
97,405 |
||
Semiconductors & Semiconductor Equipment - 0.5% |
|||
Samsung Electronics Co. Ltd. |
9,720 |
10,571 |
|
Software - 4.8% |
|||
Aspen Technology, Inc. (a) |
260,300 |
6,346 |
|
Callidus Software, Inc. (a)(d) |
701,300 |
3,135 |
|
Check Point Software Technologies Ltd. (a) |
86,200 |
3,973 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
INFORMATION TECHNOLOGY - continued |
|||
Software - continued |
|||
Citrix Systems, Inc. (a) |
104,400 |
$ 8,111 |
|
Concur Technologies, Inc. (a) |
143,600 |
10,397 |
|
Imperva, Inc. |
167,700 |
5,080 |
|
Kenexa Corp. (a) |
195,434 |
8,959 |
|
MICROS Systems, Inc. (a) |
76,500 |
3,875 |
|
NICE Systems Ltd. sponsored ADR (a) |
126,900 |
3,969 |
|
Nuance Communications, Inc. (a) |
316,800 |
7,556 |
|
Red Hat, Inc. (a) |
153,000 |
8,574 |
|
ServiceNow, Inc. (d) |
268,200 |
8,341 |
|
TIBCO Software, Inc. (a) |
276,600 |
8,276 |
|
Trion World Network, Inc. warrants 8/10/17 (a)(h) |
28,652 |
0* |
|
VMware, Inc. Class A (a) |
102,300 |
9,109 |
|
|
95,701 |
||
TOTAL INFORMATION TECHNOLOGY |
361,246 |
||
MATERIALS - 0.3% |
|||
Metals & Mining - 0.3% |
|||
Harry Winston Diamond Corp. (a) |
225,000 |
2,830 |
|
Turquoise Hill Resources Ltd. (a) |
468,374 |
3,763 |
|
|
6,593 |
||
TELECOMMUNICATION SERVICES - 2.6% |
|||
Diversified Telecommunication Services - 2.0% |
|||
AT&T, Inc. |
1,100,000 |
40,304 |
|
Wireless Telecommunication Services - 0.6% |
|||
Vodafone Group PLC sponsored ADR |
382,200 |
11,053 |
|
TOTAL TELECOMMUNICATION SERVICES |
51,357 |
||
UTILITIES - 4.6% |
|||
Electric Utilities - 3.6% |
|||
Duke Energy Corp. |
238,333 |
15,439 |
|
Edison International |
178,400 |
7,812 |
|
FirstEnergy Corp. |
232,900 |
10,178 |
|
NextEra Energy, Inc. |
243,300 |
16,377 |
|
PPL Corp. |
254,200 |
7,456 |
|
Southern Co. |
348,900 |
15,816 |
|
|
73,078 |
||
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
UTILITIES - continued |
|||
Multi-Utilities - 1.0% |
|||
Alliant Energy Corp. |
124,200 |
$ 5,475 |
|
TECO Energy, Inc. |
554,500 |
9,626 |
|
YTL Corp. Bhd |
6,726,016 |
3,899 |
|
|
19,000 |
||
TOTAL UTILITIES |
92,078 |
||
TOTAL COMMON STOCKS (Cost $1,607,280) |
|
||
Convertible Preferred Stocks - 0.2% |
|||
|
|
|
|
CONSUMER DISCRETIONARY - 0.0% |
|||
Media - 0.0% |
|||
Glam Media, Inc. Series M-1: |
|
|
|
8.00% |
128,191 |
655 |
|
8.00% |
9,156 |
47 |
|
8.00% |
9,157 |
47 |
|
|
749 |
||
INFORMATION TECHNOLOGY - 0.2% |
|||
Software - 0.2% |
|||
Trion World Network, Inc.: |
|
|
|
Series C, 8.00% (a)(h) |
910,747 |
3,898 |
|
Series C-1, 8.00% (a)(h) |
71,630 |
307 |
|
|
4,205 |
||
TOTAL CONVERTIBLE PREFERRED STOCKS (Cost $8,072) |
|
Corporate Bonds - 0.1% |
||||
|
Principal |
|
||
Convertible Bonds - 0.1% |
||||
MATERIALS - 0.1% |
||||
Metals & Mining - 0.1% |
||||
Ivanplats Ltd. 8% 11/10/14 pay-in-kind (f)(h) |
|
$ 1,193 |
1,237 |
|
Corporate Bonds - continued |
||||
|
Principal |
Value (000s) |
||
Nonconvertible Bonds - 0.0% |
||||
CONSUMER DISCRETIONARY - 0.0% |
||||
Media - 0.0% |
||||
Glam Media, Inc.: |
|
|
|
|
9% 11/18/13 |
|
$ 20 |
$ 20 |
|
9% 11/18/13 |
|
20 |
20 |
|
9% 12/2/13 |
|
281 |
281 |
|
|
321 |
|||
TOTAL CORPORATE BONDS (Cost $1,558) |
|
Money Market Funds - 4.6% |
|||
Shares |
|
||
Fidelity Cash Central Fund, 0.17% (b) |
45,337,429 |
45,337 |
|
Fidelity Securities Lending Cash Central Fund, 0.18% (b)(c) |
47,904,709 |
47,905 |
|
TOTAL MONEY MARKET FUNDS (Cost $93,242) |
|
||
TOTAL INVESTMENT PORTFOLIO - 102.1% (Cost $1,710,152) |
2,050,954 |
||
NET OTHER ASSETS (LIABILITIES) - (2.1)% |
(43,162) |
||
NET ASSETS - 100% |
$ 2,007,792 |
Legend |
(a) Non-income producing |
(b) Affiliated fund that is 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. |
(c) Investment made with cash collateral received from securities on loan. |
(d) Security or a portion of the security is on loan at period end. |
(e) Affiliated company |
(f) Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end. |
(g) Investment is owned by an entity that is treated as a corporation for U.S. tax purposes which is owned by the Fund. |
(h) 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 $22,362,000 or 1.1% of net assets. |
* Amount represents less than $1,000 |
Additional information on each restricted holding is as follows: |
Security |
Acquisition |
Acquisition |
Acacia Research Corp. |
2/16/12 |
$ 11,723 |
Ivanplats Ltd. 8% 11/10/14 pay-in-kind |
3/28/12 |
$ 1,237 |
Legend Pictures LLC |
9/23/10 |
$ 523 |
New Academy Holding Co. LLC unit |
8/1/11 |
$ 6,956 |
Trion World Network, Inc. warrants 8/10/17 |
8/10/10 |
$ 0 |
Series C, 8.00% |
8/22/08 |
$ 5,001 |
Series C-1, 8.00% |
8/10/10 |
$ 393 |
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 |
$ 76 |
Fidelity Securities Lending Cash Central Fund |
257 |
Total |
$ 333 |
Other Affiliated Issuers |
An affiliated company is a company in which the Fund has ownership of at least 5% of the voting securities. Fiscal year to date transactions with companies which are or were affiliates are as follows: |
Affiliate |
Value, |
Purchases |
Sales |
Dividend |
Value, |
Alliance Financial Corp. |
$ 7,721 |
$ 214 |
$ - |
$ 242 |
$ 9,781 |
Total |
$ 7,721 |
$ 214 |
$ - |
$ 242 |
$ 9,781 |
Other Information |
The following is a summary of the inputs used, as of August 31, 2012, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section at the end of this listing. |
Valuation Inputs at Reporting Date: |
||||
Description |
Total |
Level 1 |
Level 2 |
Level 3 |
Investments in Securities: |
||||
Equities: |
||||
Consumer Discretionary |
$ 212,165 |
$ 198,279 |
$ 4,619 |
$ 9,267 |
Consumer Staples |
206,157 |
206,157 |
- |
- |
Energy |
194,525 |
194,525 |
- |
- |
Financials |
260,143 |
260,143 |
- |
- |
Health Care |
386,610 |
372,829 |
13,781 |
- |
Industrials |
181,075 |
171,282 |
9,793 |
- |
Information Technology |
365,451 |
361,246 |
- |
4,205 |
Materials |
6,593 |
6,593 |
- |
- |
Telecommunication Services |
51,357 |
51,357 |
- |
- |
Utilities |
92,078 |
88,179 |
3,899 |
- |
Corporate Bonds |
1,558 |
- |
- |
1,558 |
Money Market Funds |
93,242 |
93,242 |
- |
- |
Total Investments in Securities: |
$ 2,050,954 |
$ 2,003,832 |
$ 32,092 |
$ 15,030 |
Income Tax Information |
At August 31, 2012, the cost of investment securities for income tax purposes was $1,716,316,000. Net unrealized appreciation aggregated $334,638,000, of which $391,963,000 related to appreciated investment securities and $57,325,000 related to depreciated investment 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. In accordance with valuation policies and procedures approved by the Board of Trustees (the Board), the Fund attempts to obtain prices from one or more third party pricing vendor or broker to value its investments. When current market prices, quotations or rates are not readily available or reliable, securities will be fair valued in good faith by the FMR Fair Value Committee (the Committee), in accordance with procedures adopted by the Fund's Board. Factors used in determining fair value vary by security type and may include market or security 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 is responsible for approving and reporting to the Board all fair value determinations. 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 significant 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 are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and these securities are 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. For corporate bonds, pricing vendors utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type as well as broker-supplied prices and are generally categorized as Level 2 in the hierarchy. |
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. These 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 policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report. |
Quarterly 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. or an affiliate. |
Quarterly Report
Item 2. Controls and Procedures
(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Mt. Vernon Street Trust's (the "Trust") disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.
(a)(ii) There was no change in the Trust's internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the Trust's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Trust's internal control over financial reporting.
Item 3. Exhibits
Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Fidelity Mt. Vernon Street Trust
By: |
/s/Kenneth B. Robins |
|
Kenneth B. Robins |
|
President and Treasurer |
|
|
Date: |
October 30, 2012 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: |
/s/Kenneth B. Robins |
|
Kenneth B. Robins |
|
President and Treasurer |
|
|
Date: |
October 30, 2012 |
By: |
/s/Christine Reynolds |
|
Christine Reynolds |
|
Chief Financial Officer |
|
|
Date: |
October 30, 2012 |
Exhibit EX-99.CERT
I, Kenneth B. Robins, certify that:
1. I have reviewed this report on Form N-Q of Fidelity Mt. Vernon Street Trust;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based upon such evaluation; and
d. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and
b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
Date: October 30, 2012
/s/Kenneth B. Robins |
Kenneth B. Robins |
President and Treasurer |
I, Christine Reynolds, certify that:
1. I have reviewed this report on Form N-Q of Fidelity Mt. Vernon Street Trust;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based upon such evaluation; and
d. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and
b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
Date: October 30, 2012
/s/Christine Reynolds |
Christine Reynolds |
Chief Financial Officer |