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)
245 Summer St., Boston, Massachusetts 02210
(Address of principal executive offices) (Zip code)
Scott C. Goebel, Secretary
245 Summer St.
Boston, Massachusetts 02210
(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: |
February 28, 2013 |
Item 1. Schedule of Investments
Quarterly Holdings Report
for
Fidelity ® 130/30
Large Cap Fund
February 28, 2013
1.859202.104
FLC-QTLY-0413
Showing Percentage of Net Assets
LONG STOCK POSITIONS (c) - 126.6% |
|||
Shares |
Value |
||
COMMON STOCKS - 126.6% |
|||
CONSUMER DISCRETIONARY - 12.6% |
|||
Auto Components - 1.0% |
|||
Delphi Automotive PLC (c) |
2,500 |
$ 104,625 |
|
Drew Industries, Inc. |
2,700 |
98,226 |
|
|
202,851 |
||
Automobiles - 0.4% |
|||
General Motors Co. (a) |
3,500 |
95,025 |
|
Hotels, Restaurants & Leisure - 1.0% |
|||
Icahn Enterprises LP rights |
10,900 |
0 |
|
Sonic Corp. (a) |
17,900 |
202,091 |
|
Household Durables - 1.0% |
|||
Ryland Group, Inc. |
2,700 |
96,444 |
|
Whirlpool Corp. |
900 |
101,655 |
|
|
198,099 |
||
Internet & Catalog Retail - 0.5% |
|||
Expedia, Inc. |
1,500 |
95,760 |
|
Leisure Equipment & Products - 0.5% |
|||
Brunswick Corp. |
2,800 |
102,032 |
|
Media - 3.7% |
|||
CBS Corp. Class B |
5,400 |
234,306 |
|
Comcast Corp. Class A (special) (non-vtg.) |
1,600 |
61,296 |
|
Time Warner, Inc. |
4,000 |
212,680 |
|
Valassis Communications, Inc. |
9,000 |
247,410 |
|
|
755,692 |
||
Multiline Retail - 1.0% |
|||
Macy's, Inc. |
5,100 |
209,610 |
|
Specialty Retail - 1.0% |
|||
Conn's, Inc. (a) |
400 |
12,816 |
|
O'Reilly Automotive, Inc. (a) |
1,000 |
101,740 |
|
Urban Outfitters, Inc. (a) |
2,300 |
93,196 |
|
|
207,752 |
||
Textiles, Apparel & Luxury Goods - 2.5% |
|||
G-III Apparel Group Ltd. (a) |
5,600 |
204,400 |
|
PVH Corp. |
2,500 |
304,625 |
|
|
509,025 |
||
TOTAL CONSUMER DISCRETIONARY |
2,577,937 |
||
LONG STOCK POSITIONS (c) - continued |
|||
Shares |
Value |
||
COMMON STOCKS - continued |
|||
CONSUMER STAPLES - 11.3% |
|||
Beverages - 4.2% |
|||
Coca-Cola Enterprises, Inc. |
6,700 |
$ 239,726 |
|
Constellation Brands, Inc. Class A (sub. vtg.) (a) |
13,900 |
614,936 |
|
|
854,662 |
||
Food & Staples Retailing - 3.2% |
|||
CVS Caremark Corp. |
7,700 |
393,624 |
|
Kroger Co. |
8,800 |
257,048 |
|
|
650,672 |
||
Food Products - 0.5% |
|||
Ingredion, Inc. |
1,500 |
99,300 |
|
Household Products - 2.0% |
|||
Procter & Gamble Co. |
5,300 |
403,754 |
|
Tobacco - 1.4% |
|||
Imperial Tobacco Group PLC |
5,605 |
203,223 |
|
Japan Tobacco, Inc. |
3,100 |
97,826 |
|
|
301,049 |
||
TOTAL CONSUMER STAPLES |
2,309,437 |
||
ENERGY - 13.1% |
|||
Energy Equipment & Services - 5.0% |
|||
Ensco PLC Class A |
6,900 |
414,966 |
|
Halliburton Co. |
9,900 |
410,949 |
|
Helix Energy Solutions Group, Inc. (a) |
8,200 |
191,962 |
|
|
1,017,877 |
||
Oil, Gas & Consumable Fuels - 8.1% |
|||
Chevron Corp. |
5,300 |
620,895 |
|
EPL Oil & Gas, Inc. (a) |
5,700 |
146,661 |
|
Marathon Petroleum Corp. |
5,000 |
414,400 |
|
Phillips 66 |
7,600 |
478,496 |
|
|
1,660,452 |
||
TOTAL ENERGY |
2,678,329 |
||
FINANCIALS - 23.7% |
|||
Capital Markets - 4.0% |
|||
KKR & Co. LP |
22,500 |
409,950 |
|
The Blackstone Group LP |
21,600 |
408,240 |
|
|
818,190 |
||
LONG STOCK POSITIONS (c) - continued |
|||
Shares |
Value |
||
COMMON STOCKS - continued |
|||
FINANCIALS - continued |
|||
Commercial Banks - 1.0% |
|||
CapitalSource, Inc. |
23,900 |
$ 215,100 |
|
Consumer Finance - 1.0% |
|||
SLM Corp. |
10,700 |
202,979 |
|
Diversified Financial Services - 5.8% |
|||
Citigroup, Inc. |
18,500 |
776,445 |
|
JPMorgan Chase & Co. |
8,300 |
406,036 |
|
|
1,182,481 |
||
Insurance - 8.3% |
|||
Axis Capital Holdings Ltd. |
5,200 |
211,796 |
|
Berkshire Hathaway, Inc. Class B (a) |
4,100 |
418,856 |
|
Everest Re Group Ltd. |
3,300 |
411,213 |
|
Hartford Financial Services Group, Inc. |
17,000 |
401,370 |
|
Lincoln National Corp. |
8,300 |
245,182 |
|
|
1,688,417 |
||
Real Estate Management & Development - 1.5% |
|||
Altisource Portfolio Solutions SA |
3,700 |
301,698 |
|
Thrifts & Mortgage Finance - 2.1% |
|||
Ocwen Financial Corp. (a) |
10,700 |
421,794 |
|
TOTAL FINANCIALS |
4,830,659 |
||
HEALTH CARE - 14.6% |
|||
Biotechnology - 5.4% |
|||
Amgen, Inc. |
7,000 |
639,870 |
|
PDL BioPharma, Inc. |
33,400 |
238,476 |
|
United Therapeutics Corp. (a) |
3,600 |
215,316 |
|
|
1,093,662 |
||
Health Care Equipment & Supplies - 1.9% |
|||
Medtronic, Inc. |
4,300 |
193,328 |
|
Sirona Dental Systems, Inc. (a) |
2,800 |
198,856 |
|
|
392,184 |
||
Health Care Providers & Services - 4.0% |
|||
AmerisourceBergen Corp. |
4,400 |
207,680 |
|
CIGNA Corp. |
7,200 |
420,912 |
|
Molina Healthcare, Inc. (a) |
6,100 |
194,651 |
|
|
823,243 |
||
LONG STOCK POSITIONS (c) - continued |
|||
Shares |
Value |
||
COMMON STOCKS - continued |
|||
HEALTH CARE - continued |
|||
Pharmaceuticals - 3.3% |
|||
Eli Lilly & Co. |
7,400 |
$ 404,484 |
|
Mylan, Inc. (a) |
8,800 |
260,568 |
|
|
665,052 |
||
TOTAL HEALTH CARE |
2,974,141 |
||
INDUSTRIALS - 14.0% |
|||
Aerospace & Defense - 2.3% |
|||
Ducommun, Inc. (a) |
3,600 |
55,800 |
|
Textron, Inc. |
14,300 |
412,555 |
|
|
468,355 |
||
Airlines - 2.2% |
|||
Alaska Air Group, Inc. (a) |
4,300 |
221,665 |
|
US Airways Group, Inc. (a) |
16,400 |
220,252 |
|
|
441,917 |
||
Building Products - 0.7% |
|||
A.O. Smith Corp. |
2,000 |
143,060 |
|
Commercial Services & Supplies - 1.0% |
|||
Unifirst Corp. Massachusetts |
2,400 |
200,496 |
|
Construction & Engineering - 2.4% |
|||
Jacobs Engineering Group, Inc. (a) |
4,400 |
214,896 |
|
MasTec, Inc. (a) |
5,700 |
171,513 |
|
URS Corp. |
2,700 |
114,102 |
|
|
500,511 |
||
Industrial Conglomerates - 1.0% |
|||
Siemens AG sponsored ADR |
2,000 |
207,560 |
|
Machinery - 1.1% |
|||
Oshkosh Truck Corp. (a) |
1,800 |
69,408 |
|
Terex Corp. (a) |
5,100 |
167,331 |
|
|
236,739 |
||
Professional Services - 2.6% |
|||
Dun & Bradstreet Corp. |
2,600 |
209,560 |
|
Kelly Services, Inc. Class A (non-vtg.) |
6,000 |
105,960 |
|
Manpower, Inc. |
3,800 |
207,480 |
|
|
523,000 |
||
LONG STOCK POSITIONS (c) - continued |
|||
Shares |
Value |
||
COMMON STOCKS - continued |
|||
INDUSTRIALS - continued |
|||
Trading Companies & Distributors - 0.7% |
|||
AerCap Holdings NV (a) |
8,800 |
$ 136,576 |
|
TOTAL INDUSTRIALS |
2,858,214 |
||
INFORMATION TECHNOLOGY - 21.7% |
|||
Communications Equipment - 3.1% |
|||
Brocade Communications Systems, Inc. (a) |
74,000 |
415,140 |
|
Motorola Solutions, Inc. |
3,400 |
211,514 |
|
|
626,654 |
||
Computers & Peripherals - 3.9% |
|||
NCR Corp. (a) |
7,300 |
201,334 |
|
SanDisk Corp. (a) |
4,100 |
206,599 |
|
Seagate Technology |
5,700 |
183,312 |
|
Western Digital Corp. |
4,400 |
207,504 |
|
|
798,749 |
||
Electronic Equipment & Components - 1.2% |
|||
Flextronics International Ltd. (a) |
36,800 |
244,720 |
|
IT Services - 2.3% |
|||
Alliance Data Systems Corp. (a) |
1,500 |
238,035 |
|
Computer Sciences Corp. |
2,600 |
124,878 |
|
FleetCor Technologies, Inc. (a) |
1,500 |
104,715 |
|
|
467,628 |
||
Semiconductors & Semiconductor Equipment - 4.4% |
|||
Cirrus Logic, Inc. (a) |
7,100 |
170,684 |
|
NXP Semiconductors NV (a) |
6,200 |
200,384 |
|
Samsung Electronics Co. Ltd. |
369 |
525,417 |
|
|
896,485 |
||
Software - 6.8% |
|||
Microsoft Corp. |
24,100 |
669,980 |
|
Oracle Corp. |
21,100 |
722,886 |
|
|
1,392,866 |
||
TOTAL INFORMATION TECHNOLOGY |
4,427,102 |
||
MATERIALS - 9.3% |
|||
Chemicals - 2.3% |
|||
Ashland, Inc. |
1,500 |
116,955 |
|
Axiall Corp. |
2,100 |
118,818 |
|
LONG STOCK POSITIONS (c) - continued |
|||
Shares |
Value |
||
COMMON STOCKS - continued |
|||
MATERIALS - continued |
|||
Chemicals - continued |
|||
Eastman Chemical Co. |
1,900 |
$ 132,487 |
|
Westlake Chemical Corp. |
1,100 |
94,842 |
|
|
463,102 |
||
Construction Materials - 1.0% |
|||
Eagle Materials, Inc. |
3,200 |
205,792 |
|
Containers & Packaging - 2.1% |
|||
Graphic Packaging Holding Co. (a) |
27,600 |
204,792 |
|
Rock-Tenn Co. Class A |
2,500 |
221,125 |
|
|
425,917 |
||
Metals & Mining - 1.9% |
|||
Commercial Metals Co. |
12,000 |
195,720 |
|
Reliance Steel & Aluminum Co. |
2,900 |
193,111 |
|
|
388,831 |
||
Paper & Forest Products - 2.0% |
|||
International Paper Co. |
9,400 |
413,694 |
|
TOTAL MATERIALS |
1,897,336 |
||
TELECOMMUNICATION SERVICES - 1.9% |
|||
Diversified Telecommunication Services - 1.0% |
|||
Nippon Telegraph & Telephone Corp. sponsored ADR |
8,900 |
202,119 |
|
Wireless Telecommunication Services - 0.9% |
|||
MetroPCS Communications, Inc. (a) |
10,600 |
103,880 |
|
Vodafone Group PLC sponsored ADR |
3,600 |
90,504 |
|
|
194,384 |
||
TOTAL TELECOMMUNICATION SERVICES |
396,503 |
||
UTILITIES - 4.4% |
|||
Electric Utilities - 3.9% |
|||
Edison International |
4,200 |
201,726 |
|
ITC Holdings Corp. |
1,300 |
109,876 |
|
PNM Resources, Inc. |
16,600 |
372,836 |
|
UNS Energy Corp. |
2,300 |
108,146 |
|
|
792,584 |
||
LONG STOCK POSITIONS (c) - continued |
|||
Shares |
Value |
||
COMMON STOCKS - continued |
|||
UTILITIES - continued |
|||
Independent Power Producers & Energy Traders - 0.5% |
|||
The AES Corp. |
9,100 |
$ 105,742 |
|
TOTAL UTILITIES |
898,326 |
||
TOTAL COMMON STOCKS (Cost $23,439,635) |
|
||
Money Market Funds - 1.9% |
|||
|
|
|
|
Fidelity Cash Central Fund, 0.16% (b) |
386,555 |
|
|
TOTAL INVESTMENT PORTFOLIO - 128.5% (Cost $23,826,190) |
26,234,539 |
||
TOTAL SHORT STOCK POSITIONS - (27.7)% (Proceeds $5,353,173) |
(5,650,137) |
||
NET OTHER ASSETS (LIABILITIES) - (0.8)% |
(168,796) |
||
NET ASSETS - 100% |
$ 20,415,606 |
SHORT STOCK POSITIONS - (27.7)% |
|||||
COMMON STOCKS - (27.7)% |
|||||
CONSUMER DISCRETIONARY - (1.8)% |
|||||
Hotels, Restaurants & Leisure - (0.5)% |
|||||
MGM Mirage, Inc. |
(8,500) |
$ (106,165) |
|||
Leisure Equipment & Products - (0.5)% |
|||||
Callaway Golf Co. |
(14,300) |
(96,096) |
|||
SHORT STOCK POSITIONS - continued |
|||||
|
|
Shares |
Value |
||
COMMON STOCKS - continued |
|||||
CONSUMER DISCRETIONARY - continued |
|||||
Multiline Retail - (0.8)% |
|||||
Family Dollar Stores, Inc. |
(2,800) |
$ (161,140) |
|||
TOTAL CONSUMER DISCRETIONARY |
(363,401) |
||||
CONSUMER STAPLES - (0.5)% |
|||||
Beverages - (0.5)% |
|||||
Brown-Forman Corp. Class B (non-vtg.) |
|
(1,600) |
(104,992) |
||
ENERGY - (1.5)% |
|||||
Oil, Gas & Consumable Fuels - (1.5)% |
|||||
Clayton Williams Energy, Inc. |
|
(2,300) |
(91,310) |
||
FX Energy, Inc. |
|
(23,100) |
(81,543) |
||
Goodrich Petroleum Corp. |
(10,600) |
(136,634) |
|||
|
(309,487) |
||||
FINANCIALS - (8.5)% |
|||||
Capital Markets - (1.0)% |
|||||
Northern Trust Corp. |
(1,900) |
(101,023) |
|||
T. Rowe Price Group, Inc. |
(1,400) |
(99,666) |
|||
|
(200,689) |
||||
Commercial Banks - (1.9)% |
|||||
TCF Financial Corp. |
(8,300) |
(114,042) |
|||
Valley National Bancorp |
(13,060) |
(130,992) |
|||
Westamerica Bancorp. |
(3,300) |
(146,025) |
|||
|
(391,059) |
||||
SHORT STOCK POSITIONS - continued |
|||||
|
|
Shares |
Value |
||
COMMON STOCKS - continued |
|||||
FINANCIALS - continued |
|||||
Diversified Financial Services - (0.5)% |
|||||
CME Group, Inc. |
(1,800) |
$ (107,676) |
|||
Insurance - (1.2)% |
|||||
Kemper Corp. |
(4,700) |
(148,708) |
|||
Progressive Corp. |
(4,200) |
(102,312) |
|||
|
(251,020) |
||||
Real Estate Investment Trusts - (1.6)% |
|||||
Digital Realty Trust, Inc. |
(1,500) |
(100,470) |
|||
Plum Creek Timber Co., Inc. |
(2,800) |
(135,800) |
|||
UDR, Inc. |
(4,100) |
(97,826) |
|||
|
(334,096) |
||||
Real Estate Management & Development - (1.0)% |
|||||
Forestar Group, Inc. |
(11,200) |
(195,104) |
|||
Thrifts & Mortgage Finance - (1.3)% |
|||||
Astoria Financial Corp. |
(15,500) |
(151,590) |
|||
New York Community Bancorp, Inc. |
(7,600) |
(102,600) |
|||
|
(254,190) |
||||
TOTAL FINANCIALS |
(1,733,834) |
||||
HEALTH CARE - (4.3)% |
|||||
Biotechnology - (1.9)% |
|||||
Anacor Pharmaceuticals, Inc. |
(16,400) |
(57,072) |
|||
Dendreon Corp. |
(6,800) |
(39,372) |
|||
Incyte Corp. |
(9,200) |
(204,240) |
|||
Verastem, Inc. |
(10,000) |
(94,200) |
|||
|
(394,884) |
||||
Health Care Equipment & Supplies - (0.5)% |
|||||
Intuitive Surgical, Inc. |
(200) |
(101,978) |
|||
SHORT STOCK POSITIONS - continued |
|||||
|
|
Shares |
Value |
||
COMMON STOCKS - continued |
|||||
HEALTH CARE - continued |
|||||
Health Care Providers & Services - (0.7)% |
|||||
Health Net, Inc. |
(5,400) |
$ (138,996) |
|||
Health Care Technology - (0.8)% |
|||||
Computer Programs & Systems, Inc. |
(2,900) |
(151,206) |
|||
Life Sciences Tools & Services - (0.4)% |
|||||
Sequenom, Inc. |
(20,200) |
(83,022) |
|||
TOTAL HEALTH CARE |
(870,086) |
||||
INDUSTRIALS - (1.9)% |
|||||
Machinery - (1.0)% |
|||||
Navistar International Corp. |
(8,200) |
(203,606) |
|||
Trading Companies & Distributors - (0.9)% |
|||||
Fastenal Co. |
(3,400) |
(175,542) |
|||
TOTAL INDUSTRIALS |
(379,148) |
||||
INFORMATION TECHNOLOGY - (7.4)% |
|||||
Electronic Equipment & Components - (2.0)% |
|||||
Cognex Corp. |
(2,900) |
(119,451) |
|||
Dolby Laboratories, Inc. Class A |
(3,200) |
(102,016) |
|||
FARO Technologies, Inc. |
(4,500) |
(190,575) |
|||
|
(412,042) |
||||
Semiconductors & Semiconductor Equipment - (5.4)% |
|||||
Advanced Micro Devices, Inc. |
(71,700) |
(178,533) |
|||
Atmel Corp. |
(18,100) |
(123,080) |
|||
International Rectifier Corp. |
(6,100) |
(128,222) |
|||
Intersil Corp. Class A |
(20,800) |
(176,592) |
|||
Microchip Technology, Inc. |
(2,900) |
(105,763) |
|||
Power Integrations, Inc. |
(2,900) |
(121,249) |
|||
SHORT STOCK POSITIONS - continued |
|||||
|
|
Shares |
Value |
||
COMMON STOCKS - continued |
|||||
INFORMATION TECHNOLOGY - continued |
|||||
Semiconductors & Semiconductor Equipment - continued |
|||||
Tessera Technologies, Inc. |
(7,100) |
$ (126,664) |
|||
Volterra Semiconductor Corp. |
(9,500) |
(145,825) |
|||
|
(1,105,928) |
||||
TOTAL INFORMATION TECHNOLOGY |
(1,517,970) |
||||
MATERIALS - (0.3)% |
|||||
Metals & Mining - (0.3)% |
|||||
Silver Standard Resources, Inc. |
(6,400) |
(65,344) |
|||
UTILITIES - (1.5)% |
|||||
Electric Utilities - (0.7)% |
|||||
Duke Energy Corp. |
(2,200) |
(152,350) |
|||
Multi-Utilities - (0.8)% |
|||||
TECO Energy, Inc. |
(8,900) |
(153,525) |
|||
TOTAL UTILITIES |
(305,875) |
TOTAL SHORT STOCK POSITIONS - (27.7)% (Proceeds $5,353,173) |
$ (5,650,137) |
Legend |
(a) Non-income producing |
(b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(c) A portion of the securities, totaling $17,561,969, are pledged with brokers as collateral for securities sold short. |
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 |
$ 159 |
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 February 28, 2013, the cost of investment securities from income tax purposes was $23,836,068. Net unrealized appreciation aggregated $2,398,471, of which $2,633,512 related to appreciated investment securities and $235,041 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 vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Fidelity Management & Research Company (FMR) Fair Value Committee (the Committee), in accordance with procedures adopted by the Fund's Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and 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 |
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 Advisor® 130/30
Large Cap Fund:
Class A
Class T
Class B
Class C
Institutional Class
February 28, 2013
Class A, Class T, Class B, Class C and
Institutional Class
are classes of Fidelity® 130/30
Large Cap Fund
1.859224.104
AFLC-QTLY-0413
Showing Percentage of Net Assets
LONG STOCK POSITIONS (c) - 126.6% |
|||
Shares |
Value |
||
COMMON STOCKS - 126.6% |
|||
CONSUMER DISCRETIONARY - 12.6% |
|||
Auto Components - 1.0% |
|||
Delphi Automotive PLC (c) |
2,500 |
$ 104,625 |
|
Drew Industries, Inc. |
2,700 |
98,226 |
|
|
202,851 |
||
Automobiles - 0.4% |
|||
General Motors Co. (a) |
3,500 |
95,025 |
|
Hotels, Restaurants & Leisure - 1.0% |
|||
Icahn Enterprises LP rights |
10,900 |
0 |
|
Sonic Corp. (a) |
17,900 |
202,091 |
|
Household Durables - 1.0% |
|||
Ryland Group, Inc. |
2,700 |
96,444 |
|
Whirlpool Corp. |
900 |
101,655 |
|
|
198,099 |
||
Internet & Catalog Retail - 0.5% |
|||
Expedia, Inc. |
1,500 |
95,760 |
|
Leisure Equipment & Products - 0.5% |
|||
Brunswick Corp. |
2,800 |
102,032 |
|
Media - 3.7% |
|||
CBS Corp. Class B |
5,400 |
234,306 |
|
Comcast Corp. Class A (special) (non-vtg.) |
1,600 |
61,296 |
|
Time Warner, Inc. |
4,000 |
212,680 |
|
Valassis Communications, Inc. |
9,000 |
247,410 |
|
|
755,692 |
||
Multiline Retail - 1.0% |
|||
Macy's, Inc. |
5,100 |
209,610 |
|
Specialty Retail - 1.0% |
|||
Conn's, Inc. (a) |
400 |
12,816 |
|
O'Reilly Automotive, Inc. (a) |
1,000 |
101,740 |
|
Urban Outfitters, Inc. (a) |
2,300 |
93,196 |
|
|
207,752 |
||
Textiles, Apparel & Luxury Goods - 2.5% |
|||
G-III Apparel Group Ltd. (a) |
5,600 |
204,400 |
|
PVH Corp. |
2,500 |
304,625 |
|
|
509,025 |
||
TOTAL CONSUMER DISCRETIONARY |
2,577,937 |
||
LONG STOCK POSITIONS (c) - continued |
|||
Shares |
Value |
||
COMMON STOCKS - continued |
|||
CONSUMER STAPLES - 11.3% |
|||
Beverages - 4.2% |
|||
Coca-Cola Enterprises, Inc. |
6,700 |
$ 239,726 |
|
Constellation Brands, Inc. Class A (sub. vtg.) (a) |
13,900 |
614,936 |
|
|
854,662 |
||
Food & Staples Retailing - 3.2% |
|||
CVS Caremark Corp. |
7,700 |
393,624 |
|
Kroger Co. |
8,800 |
257,048 |
|
|
650,672 |
||
Food Products - 0.5% |
|||
Ingredion, Inc. |
1,500 |
99,300 |
|
Household Products - 2.0% |
|||
Procter & Gamble Co. |
5,300 |
403,754 |
|
Tobacco - 1.4% |
|||
Imperial Tobacco Group PLC |
5,605 |
203,223 |
|
Japan Tobacco, Inc. |
3,100 |
97,826 |
|
|
301,049 |
||
TOTAL CONSUMER STAPLES |
2,309,437 |
||
ENERGY - 13.1% |
|||
Energy Equipment & Services - 5.0% |
|||
Ensco PLC Class A |
6,900 |
414,966 |
|
Halliburton Co. |
9,900 |
410,949 |
|
Helix Energy Solutions Group, Inc. (a) |
8,200 |
191,962 |
|
|
1,017,877 |
||
Oil, Gas & Consumable Fuels - 8.1% |
|||
Chevron Corp. |
5,300 |
620,895 |
|
EPL Oil & Gas, Inc. (a) |
5,700 |
146,661 |
|
Marathon Petroleum Corp. |
5,000 |
414,400 |
|
Phillips 66 |
7,600 |
478,496 |
|
|
1,660,452 |
||
TOTAL ENERGY |
2,678,329 |
||
FINANCIALS - 23.7% |
|||
Capital Markets - 4.0% |
|||
KKR & Co. LP |
22,500 |
409,950 |
|
The Blackstone Group LP |
21,600 |
408,240 |
|
|
818,190 |
||
LONG STOCK POSITIONS (c) - continued |
|||
Shares |
Value |
||
COMMON STOCKS - continued |
|||
FINANCIALS - continued |
|||
Commercial Banks - 1.0% |
|||
CapitalSource, Inc. |
23,900 |
$ 215,100 |
|
Consumer Finance - 1.0% |
|||
SLM Corp. |
10,700 |
202,979 |
|
Diversified Financial Services - 5.8% |
|||
Citigroup, Inc. |
18,500 |
776,445 |
|
JPMorgan Chase & Co. |
8,300 |
406,036 |
|
|
1,182,481 |
||
Insurance - 8.3% |
|||
Axis Capital Holdings Ltd. |
5,200 |
211,796 |
|
Berkshire Hathaway, Inc. Class B (a) |
4,100 |
418,856 |
|
Everest Re Group Ltd. |
3,300 |
411,213 |
|
Hartford Financial Services Group, Inc. |
17,000 |
401,370 |
|
Lincoln National Corp. |
8,300 |
245,182 |
|
|
1,688,417 |
||
Real Estate Management & Development - 1.5% |
|||
Altisource Portfolio Solutions SA |
3,700 |
301,698 |
|
Thrifts & Mortgage Finance - 2.1% |
|||
Ocwen Financial Corp. (a) |
10,700 |
421,794 |
|
TOTAL FINANCIALS |
4,830,659 |
||
HEALTH CARE - 14.6% |
|||
Biotechnology - 5.4% |
|||
Amgen, Inc. |
7,000 |
639,870 |
|
PDL BioPharma, Inc. |
33,400 |
238,476 |
|
United Therapeutics Corp. (a) |
3,600 |
215,316 |
|
|
1,093,662 |
||
Health Care Equipment & Supplies - 1.9% |
|||
Medtronic, Inc. |
4,300 |
193,328 |
|
Sirona Dental Systems, Inc. (a) |
2,800 |
198,856 |
|
|
392,184 |
||
Health Care Providers & Services - 4.0% |
|||
AmerisourceBergen Corp. |
4,400 |
207,680 |
|
CIGNA Corp. |
7,200 |
420,912 |
|
Molina Healthcare, Inc. (a) |
6,100 |
194,651 |
|
|
823,243 |
||
LONG STOCK POSITIONS (c) - continued |
|||
Shares |
Value |
||
COMMON STOCKS - continued |
|||
HEALTH CARE - continued |
|||
Pharmaceuticals - 3.3% |
|||
Eli Lilly & Co. |
7,400 |
$ 404,484 |
|
Mylan, Inc. (a) |
8,800 |
260,568 |
|
|
665,052 |
||
TOTAL HEALTH CARE |
2,974,141 |
||
INDUSTRIALS - 14.0% |
|||
Aerospace & Defense - 2.3% |
|||
Ducommun, Inc. (a) |
3,600 |
55,800 |
|
Textron, Inc. |
14,300 |
412,555 |
|
|
468,355 |
||
Airlines - 2.2% |
|||
Alaska Air Group, Inc. (a) |
4,300 |
221,665 |
|
US Airways Group, Inc. (a) |
16,400 |
220,252 |
|
|
441,917 |
||
Building Products - 0.7% |
|||
A.O. Smith Corp. |
2,000 |
143,060 |
|
Commercial Services & Supplies - 1.0% |
|||
Unifirst Corp. Massachusetts |
2,400 |
200,496 |
|
Construction & Engineering - 2.4% |
|||
Jacobs Engineering Group, Inc. (a) |
4,400 |
214,896 |
|
MasTec, Inc. (a) |
5,700 |
171,513 |
|
URS Corp. |
2,700 |
114,102 |
|
|
500,511 |
||
Industrial Conglomerates - 1.0% |
|||
Siemens AG sponsored ADR |
2,000 |
207,560 |
|
Machinery - 1.1% |
|||
Oshkosh Truck Corp. (a) |
1,800 |
69,408 |
|
Terex Corp. (a) |
5,100 |
167,331 |
|
|
236,739 |
||
Professional Services - 2.6% |
|||
Dun & Bradstreet Corp. |
2,600 |
209,560 |
|
Kelly Services, Inc. Class A (non-vtg.) |
6,000 |
105,960 |
|
Manpower, Inc. |
3,800 |
207,480 |
|
|
523,000 |
||
LONG STOCK POSITIONS (c) - continued |
|||
Shares |
Value |
||
COMMON STOCKS - continued |
|||
INDUSTRIALS - continued |
|||
Trading Companies & Distributors - 0.7% |
|||
AerCap Holdings NV (a) |
8,800 |
$ 136,576 |
|
TOTAL INDUSTRIALS |
2,858,214 |
||
INFORMATION TECHNOLOGY - 21.7% |
|||
Communications Equipment - 3.1% |
|||
Brocade Communications Systems, Inc. (a) |
74,000 |
415,140 |
|
Motorola Solutions, Inc. |
3,400 |
211,514 |
|
|
626,654 |
||
Computers & Peripherals - 3.9% |
|||
NCR Corp. (a) |
7,300 |
201,334 |
|
SanDisk Corp. (a) |
4,100 |
206,599 |
|
Seagate Technology |
5,700 |
183,312 |
|
Western Digital Corp. |
4,400 |
207,504 |
|
|
798,749 |
||
Electronic Equipment & Components - 1.2% |
|||
Flextronics International Ltd. (a) |
36,800 |
244,720 |
|
IT Services - 2.3% |
|||
Alliance Data Systems Corp. (a) |
1,500 |
238,035 |
|
Computer Sciences Corp. |
2,600 |
124,878 |
|
FleetCor Technologies, Inc. (a) |
1,500 |
104,715 |
|
|
467,628 |
||
Semiconductors & Semiconductor Equipment - 4.4% |
|||
Cirrus Logic, Inc. (a) |
7,100 |
170,684 |
|
NXP Semiconductors NV (a) |
6,200 |
200,384 |
|
Samsung Electronics Co. Ltd. |
369 |
525,417 |
|
|
896,485 |
||
Software - 6.8% |
|||
Microsoft Corp. |
24,100 |
669,980 |
|
Oracle Corp. |
21,100 |
722,886 |
|
|
1,392,866 |
||
TOTAL INFORMATION TECHNOLOGY |
4,427,102 |
||
MATERIALS - 9.3% |
|||
Chemicals - 2.3% |
|||
Ashland, Inc. |
1,500 |
116,955 |
|
Axiall Corp. |
2,100 |
118,818 |
|
LONG STOCK POSITIONS (c) - continued |
|||
Shares |
Value |
||
COMMON STOCKS - continued |
|||
MATERIALS - continued |
|||
Chemicals - continued |
|||
Eastman Chemical Co. |
1,900 |
$ 132,487 |
|
Westlake Chemical Corp. |
1,100 |
94,842 |
|
|
463,102 |
||
Construction Materials - 1.0% |
|||
Eagle Materials, Inc. |
3,200 |
205,792 |
|
Containers & Packaging - 2.1% |
|||
Graphic Packaging Holding Co. (a) |
27,600 |
204,792 |
|
Rock-Tenn Co. Class A |
2,500 |
221,125 |
|
|
425,917 |
||
Metals & Mining - 1.9% |
|||
Commercial Metals Co. |
12,000 |
195,720 |
|
Reliance Steel & Aluminum Co. |
2,900 |
193,111 |
|
|
388,831 |
||
Paper & Forest Products - 2.0% |
|||
International Paper Co. |
9,400 |
413,694 |
|
TOTAL MATERIALS |
1,897,336 |
||
TELECOMMUNICATION SERVICES - 1.9% |
|||
Diversified Telecommunication Services - 1.0% |
|||
Nippon Telegraph & Telephone Corp. sponsored ADR |
8,900 |
202,119 |
|
Wireless Telecommunication Services - 0.9% |
|||
MetroPCS Communications, Inc. (a) |
10,600 |
103,880 |
|
Vodafone Group PLC sponsored ADR |
3,600 |
90,504 |
|
|
194,384 |
||
TOTAL TELECOMMUNICATION SERVICES |
396,503 |
||
UTILITIES - 4.4% |
|||
Electric Utilities - 3.9% |
|||
Edison International |
4,200 |
201,726 |
|
ITC Holdings Corp. |
1,300 |
109,876 |
|
PNM Resources, Inc. |
16,600 |
372,836 |
|
UNS Energy Corp. |
2,300 |
108,146 |
|
|
792,584 |
||
LONG STOCK POSITIONS (c) - continued |
|||
Shares |
Value |
||
COMMON STOCKS - continued |
|||
UTILITIES - continued |
|||
Independent Power Producers & Energy Traders - 0.5% |
|||
The AES Corp. |
9,100 |
$ 105,742 |
|
TOTAL UTILITIES |
898,326 |
||
TOTAL COMMON STOCKS (Cost $23,439,635) |
|
||
Money Market Funds - 1.9% |
|||
|
|
|
|
Fidelity Cash Central Fund, 0.16% (b) |
386,555 |
|
|
TOTAL INVESTMENT PORTFOLIO - 128.5% (Cost $23,826,190) |
26,234,539 |
||
TOTAL SHORT STOCK POSITIONS - (27.7)% (Proceeds $5,353,173) |
(5,650,137) |
||
NET OTHER ASSETS (LIABILITIES) - (0.8)% |
(168,796) |
||
NET ASSETS - 100% |
$ 20,415,606 |
SHORT STOCK POSITIONS - (27.7)% |
|||||
COMMON STOCKS - (27.7)% |
|||||
CONSUMER DISCRETIONARY - (1.8)% |
|||||
Hotels, Restaurants & Leisure - (0.5)% |
|||||
MGM Mirage, Inc. |
(8,500) |
$ (106,165) |
|||
Leisure Equipment & Products - (0.5)% |
|||||
Callaway Golf Co. |
(14,300) |
(96,096) |
|||
SHORT STOCK POSITIONS - continued |
|||||
|
|
Shares |
Value |
||
COMMON STOCKS - continued |
|||||
CONSUMER DISCRETIONARY - continued |
|||||
Multiline Retail - (0.8)% |
|||||
Family Dollar Stores, Inc. |
(2,800) |
$ (161,140) |
|||
TOTAL CONSUMER DISCRETIONARY |
(363,401) |
||||
CONSUMER STAPLES - (0.5)% |
|||||
Beverages - (0.5)% |
|||||
Brown-Forman Corp. Class B (non-vtg.) |
|
(1,600) |
(104,992) |
||
ENERGY - (1.5)% |
|||||
Oil, Gas & Consumable Fuels - (1.5)% |
|||||
Clayton Williams Energy, Inc. |
|
(2,300) |
(91,310) |
||
FX Energy, Inc. |
|
(23,100) |
(81,543) |
||
Goodrich Petroleum Corp. |
(10,600) |
(136,634) |
|||
|
(309,487) |
||||
FINANCIALS - (8.5)% |
|||||
Capital Markets - (1.0)% |
|||||
Northern Trust Corp. |
(1,900) |
(101,023) |
|||
T. Rowe Price Group, Inc. |
(1,400) |
(99,666) |
|||
|
(200,689) |
||||
Commercial Banks - (1.9)% |
|||||
TCF Financial Corp. |
(8,300) |
(114,042) |
|||
Valley National Bancorp |
(13,060) |
(130,992) |
|||
Westamerica Bancorp. |
(3,300) |
(146,025) |
|||
|
(391,059) |
||||
SHORT STOCK POSITIONS - continued |
|||||
|
|
Shares |
Value |
||
COMMON STOCKS - continued |
|||||
FINANCIALS - continued |
|||||
Diversified Financial Services - (0.5)% |
|||||
CME Group, Inc. |
(1,800) |
$ (107,676) |
|||
Insurance - (1.2)% |
|||||
Kemper Corp. |
(4,700) |
(148,708) |
|||
Progressive Corp. |
(4,200) |
(102,312) |
|||
|
(251,020) |
||||
Real Estate Investment Trusts - (1.6)% |
|||||
Digital Realty Trust, Inc. |
(1,500) |
(100,470) |
|||
Plum Creek Timber Co., Inc. |
(2,800) |
(135,800) |
|||
UDR, Inc. |
(4,100) |
(97,826) |
|||
|
(334,096) |
||||
Real Estate Management & Development - (1.0)% |
|||||
Forestar Group, Inc. |
(11,200) |
(195,104) |
|||
Thrifts & Mortgage Finance - (1.3)% |
|||||
Astoria Financial Corp. |
(15,500) |
(151,590) |
|||
New York Community Bancorp, Inc. |
(7,600) |
(102,600) |
|||
|
(254,190) |
||||
TOTAL FINANCIALS |
(1,733,834) |
||||
HEALTH CARE - (4.3)% |
|||||
Biotechnology - (1.9)% |
|||||
Anacor Pharmaceuticals, Inc. |
(16,400) |
(57,072) |
|||
Dendreon Corp. |
(6,800) |
(39,372) |
|||
Incyte Corp. |
(9,200) |
(204,240) |
|||
Verastem, Inc. |
(10,000) |
(94,200) |
|||
|
(394,884) |
||||
Health Care Equipment & Supplies - (0.5)% |
|||||
Intuitive Surgical, Inc. |
(200) |
(101,978) |
|||
SHORT STOCK POSITIONS - continued |
|||||
|
|
Shares |
Value |
||
COMMON STOCKS - continued |
|||||
HEALTH CARE - continued |
|||||
Health Care Providers & Services - (0.7)% |
|||||
Health Net, Inc. |
(5,400) |
$ (138,996) |
|||
Health Care Technology - (0.8)% |
|||||
Computer Programs & Systems, Inc. |
(2,900) |
(151,206) |
|||
Life Sciences Tools & Services - (0.4)% |
|||||
Sequenom, Inc. |
(20,200) |
(83,022) |
|||
TOTAL HEALTH CARE |
(870,086) |
||||
INDUSTRIALS - (1.9)% |
|||||
Machinery - (1.0)% |
|||||
Navistar International Corp. |
(8,200) |
(203,606) |
|||
Trading Companies & Distributors - (0.9)% |
|||||
Fastenal Co. |
(3,400) |
(175,542) |
|||
TOTAL INDUSTRIALS |
(379,148) |
||||
INFORMATION TECHNOLOGY - (7.4)% |
|||||
Electronic Equipment & Components - (2.0)% |
|||||
Cognex Corp. |
(2,900) |
(119,451) |
|||
Dolby Laboratories, Inc. Class A |
(3,200) |
(102,016) |
|||
FARO Technologies, Inc. |
(4,500) |
(190,575) |
|||
|
(412,042) |
||||
Semiconductors & Semiconductor Equipment - (5.4)% |
|||||
Advanced Micro Devices, Inc. |
(71,700) |
(178,533) |
|||
Atmel Corp. |
(18,100) |
(123,080) |
|||
International Rectifier Corp. |
(6,100) |
(128,222) |
|||
Intersil Corp. Class A |
(20,800) |
(176,592) |
|||
Microchip Technology, Inc. |
(2,900) |
(105,763) |
|||
Power Integrations, Inc. |
(2,900) |
(121,249) |
|||
SHORT STOCK POSITIONS - continued |
|||||
|
|
Shares |
Value |
||
COMMON STOCKS - continued |
|||||
INFORMATION TECHNOLOGY - continued |
|||||
Semiconductors & Semiconductor Equipment - continued |
|||||
Tessera Technologies, Inc. |
(7,100) |
$ (126,664) |
|||
Volterra Semiconductor Corp. |
(9,500) |
(145,825) |
|||
|
(1,105,928) |
||||
TOTAL INFORMATION TECHNOLOGY |
(1,517,970) |
||||
MATERIALS - (0.3)% |
|||||
Metals & Mining - (0.3)% |
|||||
Silver Standard Resources, Inc. |
(6,400) |
(65,344) |
|||
UTILITIES - (1.5)% |
|||||
Electric Utilities - (0.7)% |
|||||
Duke Energy Corp. |
(2,200) |
(152,350) |
|||
Multi-Utilities - (0.8)% |
|||||
TECO Energy, Inc. |
(8,900) |
(153,525) |
|||
TOTAL UTILITIES |
(305,875) |
TOTAL SHORT STOCK POSITIONS - (27.7)% (Proceeds $5,353,173) |
$ (5,650,137) |
Legend |
(a) Non-income producing |
(b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(c) A portion of the securities, totaling $17,561,969, are pledged with brokers as collateral for securities sold short. |
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 |
$ 159 |
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 February 28, 2013, the cost of investment securities from income tax purposes was $23,836,068. Net unrealized appreciation aggregated $2,398,471, of which $2,633,512 related to appreciated investment securities and $235,041 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 vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Fidelity Management & Research Company (FMR) Fair Value Committee (the Committee), in accordance with procedures adopted by the Fund's Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and 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 |
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 ® New Millennium Fund®
February 28, 2013
1.797943.109
NMF-QTLY-0413
Showing Percentage of Net Assets
Common Stocks - 98.8% |
|||
Shares |
Value (000s) |
||
CONSUMER DISCRETIONARY - 10.8% |
|||
Auto Components - 0.7% |
|||
Johnson Controls, Inc. |
270,000 |
$ 8,497 |
|
Tenneco, Inc. (a) |
150,000 |
5,315 |
|
|
13,812 |
||
Automobiles - 0.3% |
|||
Tesla Motors, Inc. (a) |
194,200 |
6,764 |
|
Distributors - 0.4% |
|||
Pool Corp. |
172,300 |
7,878 |
|
Hotels, Restaurants & Leisure - 1.4% |
|||
Arcos Dorados Holdings, Inc. Class A (d) |
648,700 |
8,219 |
|
Jubilant Foodworks Ltd. (a) |
232,999 |
4,486 |
|
Yum! Brands, Inc. |
241,700 |
15,827 |
|
|
28,532 |
||
Household Durables - 0.5% |
|||
D.R. Horton, Inc. |
224,300 |
5,002 |
|
Toll Brothers, Inc. (a) |
140,800 |
4,804 |
|
|
9,806 |
||
Internet & Catalog Retail - 0.4% |
|||
Liberty Media Corp. Interactive Series A (a) |
250,000 |
5,220 |
|
Rakuten, Inc. |
477,800 |
4,129 |
|
|
9,349 |
||
Leisure Equipment & Products - 0.3% |
|||
New Academy Holding Co. LLC unit (a)(f)(g) |
66,000 |
7,044 |
|
Media - 3.9% |
|||
Comcast Corp. Class A |
962,100 |
38,282 |
|
Legend Pictures LLC (f)(g) |
1,010 |
1,872 |
|
Shutterstock, Inc. |
187,200 |
6,103 |
|
The Walt Disney Co. |
481,200 |
26,269 |
|
Viacom, Inc. Class B (non-vtg.) |
153,500 |
8,974 |
|
|
81,500 |
||
Specialty Retail - 2.2% |
|||
Cabela's, Inc. Class A (a) |
254,300 |
12,865 |
|
Lowe's Companies, Inc. |
466,800 |
17,808 |
|
PT ACE Hardware Indonesia Tbk |
65,168,000 |
4,923 |
|
Sally Beauty Holdings, Inc. (a) |
346,400 |
9,609 |
|
|
45,205 |
||
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
CONSUMER DISCRETIONARY - continued |
|||
Textiles, Apparel & Luxury Goods - 0.7% |
|||
Brunello Cucinelli SpA |
349,600 |
$ 7,161 |
|
Hanesbrands, Inc. (a) |
218,300 |
8,653 |
|
|
15,814 |
||
TOTAL CONSUMER DISCRETIONARY |
225,704 |
||
CONSUMER STAPLES - 5.9% |
|||
Beverages - 0.9% |
|||
Beam, Inc. |
140,700 |
8,587 |
|
Constellation Brands, Inc. Class A (sub. vtg.) (a) |
213,200 |
9,432 |
|
|
18,019 |
||
Food & Staples Retailing - 2.0% |
|||
CVS Caremark Corp. |
403,300 |
20,617 |
|
Walgreen Co. |
293,100 |
12,000 |
|
Whole Foods Market, Inc. |
101,600 |
8,699 |
|
|
41,316 |
||
Food Products - 0.7% |
|||
Associated British Foods PLC |
200,000 |
5,619 |
|
The Hershey Co. |
106,800 |
8,901 |
|
|
14,520 |
||
Household Products - 0.2% |
|||
LG Household & Health Care Ltd. |
8,117 |
4,649 |
|
Personal Products - 0.3% |
|||
Prestige Brands Holdings, Inc. (a) |
300,000 |
7,137 |
|
Tobacco - 1.8% |
|||
Altria Group, Inc. |
358,600 |
12,031 |
|
British American Tobacco PLC sponsored ADR |
130,600 |
13,619 |
|
Japan Tobacco, Inc. |
346,900 |
10,947 |
|
|
36,597 |
||
TOTAL CONSUMER STAPLES |
122,238 |
||
ENERGY - 10.1% |
|||
Energy Equipment & Services - 2.6% |
|||
Diamond Offshore Drilling, Inc. (d) |
141,500 |
9,860 |
|
Helmerich & Payne, Inc. |
158,300 |
10,489 |
|
Schlumberger Ltd. |
429,800 |
33,460 |
|
|
53,809 |
||
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
ENERGY - continued |
|||
Oil, Gas & Consumable Fuels - 7.5% |
|||
Anadarko Petroleum Corp. |
185,800 |
$ 14,786 |
|
Cabot Oil & Gas Corp. |
248,100 |
15,375 |
|
Concho Resources, Inc. (a) |
81,100 |
7,296 |
|
EOG Resources, Inc. |
109,200 |
13,728 |
|
EQT Corp. |
102,300 |
6,454 |
|
EV Energy Partners LP |
144,600 |
8,099 |
|
Exxon Mobil Corp. |
857,277 |
76,760 |
|
Noble Energy, Inc. |
54,800 |
6,073 |
|
Southwestern Energy Co. (a) |
212,800 |
7,293 |
|
|
155,864 |
||
TOTAL ENERGY |
209,673 |
||
FINANCIALS - 20.1% |
|||
Capital Markets - 1.1% |
|||
Apollo Investment Corp. |
770,500 |
6,696 |
|
Charles Schwab Corp. |
451,700 |
7,336 |
|
KKR & Co. LP |
425,600 |
7,754 |
|
Manning & Napier, Inc. |
140,817 |
2,104 |
|
|
23,890 |
||
Commercial Banks - 5.2% |
|||
Alliance Financial Corp. |
97,189 |
4,320 |
|
Bank of the Ozarks, Inc. |
166,700 |
6,400 |
|
First Republic Bank |
348,600 |
12,706 |
|
FirstMerit Corp. |
349,400 |
5,283 |
|
U.S. Bancorp |
555,000 |
18,859 |
|
Webster Financial Corp. |
266,400 |
5,866 |
|
Wells Fargo & Co. |
1,561,500 |
54,777 |
|
|
108,211 |
||
Diversified Financial Services - 3.9% |
|||
Citigroup, Inc. |
775,000 |
32,527 |
|
JPMorgan Chase & Co. |
628,900 |
30,766 |
|
KKR Financial Holdings LLC |
1,532,500 |
16,995 |
|
|
80,288 |
||
Insurance - 6.8% |
|||
AIA Group Ltd. |
2,679,400 |
11,608 |
|
American International Group, Inc. (a) |
1,242,800 |
47,239 |
|
Arch Capital Group Ltd. (a) |
248,700 |
12,216 |
|
Assured Guaranty Ltd. |
795,100 |
14,845 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
FINANCIALS - continued |
|||
Insurance - continued |
|||
Direct Line Insurance Group PLC |
3,335,300 |
$ 10,676 |
|
Fairfax Financial Holdings Ltd. (sub. vtg.) |
17,000 |
6,459 |
|
Fidelity National Financial, Inc. Class A |
315,000 |
7,856 |
|
MetLife, Inc. |
477,600 |
16,926 |
|
The Chubb Corp. |
167,400 |
14,067 |
|
|
141,892 |
||
Real Estate Investment Trusts - 1.4% |
|||
MFA Financial, Inc. |
606,700 |
5,387 |
|
Public Storage |
50,000 |
7,561 |
|
The Geo Group, Inc. |
197,127 |
6,809 |
|
Two Harbors Investment Corp. |
687,600 |
8,843 |
|
|
28,600 |
||
Real Estate Management & Development - 0.4% |
|||
Realogy Holdings Corp. |
198,300 |
8,894 |
|
Thrifts & Mortgage Finance - 1.3% |
|||
MGIC Investment Corp. (a)(d) |
1,423,000 |
4,241 |
|
Ocwen Financial Corp. (a) |
146,000 |
5,755 |
|
Radian Group, Inc. (d) |
1,909,323 |
16,821 |
|
|
26,817 |
||
TOTAL FINANCIALS |
418,592 |
||
HEALTH CARE - 17.7% |
|||
Biotechnology - 3.9% |
|||
Amgen, Inc. |
254,380 |
23,253 |
|
ARIAD Pharmaceuticals, Inc. (a) |
249,600 |
5,249 |
|
BioMarin Pharmaceutical, Inc. (a) |
236,200 |
13,693 |
|
Dynavax Technologies Corp. (a) |
1,723,742 |
3,516 |
|
Infinity Pharmaceuticals, Inc. (a) |
167,900 |
6,933 |
|
Merrimack Pharmaceuticals, Inc. |
208,000 |
1,331 |
|
Neurocrine Biosciences, Inc. (a) |
833,570 |
8,819 |
|
Novavax, Inc. (a) |
1,858,100 |
3,382 |
|
Synageva BioPharma Corp. (a) |
178,300 |
8,910 |
|
Theravance, Inc. (a) |
342,500 |
6,949 |
|
|
82,035 |
||
Health Care Equipment & Supplies - 2.3% |
|||
Align Technology, Inc. (a) |
505,900 |
15,905 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
HEALTH CARE - continued |
|||
Health Care Equipment & Supplies - continued |
|||
Covidien PLC |
173,400 |
$ 11,023 |
|
HeartWare International, Inc. CDI (a) |
8,370,273 |
20,691 |
|
|
47,619 |
||
Health Care Providers & Services - 4.1% |
|||
Air Methods Corp. |
251,000 |
11,242 |
|
Amplifon SpA |
433,178 |
2,330 |
|
Brookdale Senior Living, Inc. (a) |
1,144,700 |
31,685 |
|
Capital Senior Living Corp. (a) |
583,800 |
13,427 |
|
Corvel Corp. (a) |
100,000 |
4,804 |
|
Emeritus Corp. (a) |
200,915 |
5,724 |
|
Henry Schein, Inc. (a) |
109,500 |
9,770 |
|
Qualicorp SA (a) |
511,000 |
5,713 |
|
|
84,695 |
||
Health Care Technology - 0.2% |
|||
HealthStream, Inc. (a) |
200,000 |
4,278 |
|
Life Sciences Tools & Services - 1.2% |
|||
Eurofins Scientific SA |
84,000 |
16,658 |
|
Illumina, Inc. (a)(d) |
174,200 |
8,733 |
|
|
25,391 |
||
Pharmaceuticals - 6.0% |
|||
Eli Lilly & Co. |
424,700 |
23,214 |
|
Endo Health Solutions, Inc. (a) |
200,000 |
6,200 |
|
Impax Laboratories, Inc. (a) |
237,800 |
4,716 |
|
Johnson & Johnson |
600,000 |
45,666 |
|
Merck & Co., Inc. |
654,200 |
27,954 |
|
Optimer Pharmaceuticals, Inc. (a)(d) |
437,900 |
5,307 |
|
Shire PLC sponsored ADR |
69,300 |
6,491 |
|
ViroPharma, Inc. (a) |
253,600 |
6,325 |
|
|
125,873 |
||
TOTAL HEALTH CARE |
369,891 |
||
INDUSTRIALS - 13.1% |
|||
Aerospace & Defense - 2.3% |
|||
KEYW Holding Corp. (a) |
591,348 |
8,575 |
|
Precision Castparts Corp. |
53,300 |
9,945 |
|
Raytheon Co. |
28,279 |
1,543 |
|
Teledyne Technologies, Inc. (a) |
40,100 |
2,951 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
INDUSTRIALS - continued |
|||
Aerospace & Defense - continued |
|||
Textron, Inc. |
373,800 |
$ 10,784 |
|
TransDigm Group, Inc. |
104,800 |
14,917 |
|
|
48,715 |
||
Air Freight & Logistics - 1.5% |
|||
C.H. Robinson Worldwide, Inc. |
112,200 |
6,398 |
|
Hub Group, Inc. Class A (a) |
175,716 |
6,630 |
|
United Parcel Service, Inc. Class B |
212,100 |
17,530 |
|
|
30,558 |
||
Building Products - 0.5% |
|||
Owens Corning (a) |
154,900 |
6,012 |
|
Universal Forest Products, Inc. |
133,500 |
5,417 |
|
|
11,429 |
||
Commercial Services & Supplies - 1.4% |
|||
Clean Harbors, Inc. (a) |
164,400 |
8,467 |
|
Interface, Inc. |
969,600 |
17,753 |
|
US Ecology, Inc. |
86,421 |
2,149 |
|
|
28,369 |
||
Construction & Engineering - 0.7% |
|||
Jacobs Engineering Group, Inc. (a) |
131,900 |
6,442 |
|
MasTec, Inc. (a) |
239,100 |
7,195 |
|
|
13,637 |
||
Electrical Equipment - 0.5% |
|||
Rockwell Automation, Inc. |
105,000 |
9,486 |
|
Industrial Conglomerates - 2.3% |
|||
General Electric Co. |
2,105,100 |
48,880 |
|
Machinery - 0.3% |
|||
Fanuc Corp. |
40,900 |
6,314 |
|
Professional Services - 1.9% |
|||
Acacia Research Corp. (a) |
507,108 |
14,179 |
|
Advisory Board Co. (a) |
106,800 |
5,427 |
|
Bureau Veritas SA |
60,000 |
7,739 |
|
IHS, Inc. Class A (a) |
51,700 |
5,493 |
|
Michael Page International PLC |
993,611 |
6,471 |
|
|
39,309 |
||
Road & Rail - 0.5% |
|||
Kansas City Southern |
101,500 |
10,451 |
|
Trading Companies & Distributors - 1.2% |
|||
Beacon Roofing Supply, Inc. (a) |
143,000 |
5,277 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
INDUSTRIALS - continued |
|||
Trading Companies & Distributors - continued |
|||
Rush Enterprises, Inc. Class A (a) |
287,800 |
$ 7,051 |
|
United Rentals, Inc. (a) |
254,700 |
13,604 |
|
|
25,932 |
||
TOTAL INDUSTRIALS |
273,080 |
||
INFORMATION TECHNOLOGY - 17.3% |
|||
Communications Equipment - 0.6% |
|||
Brocade Communications Systems, Inc. (a) |
1,123,000 |
6,300 |
|
Juniper Networks, Inc. (a) |
297,200 |
6,146 |
|
|
12,446 |
||
Computers & Peripherals - 0.5% |
|||
3D Systems Corp. (a)(d) |
171,150 |
6,326 |
|
Stratasys Ltd. (a) |
80,600 |
5,089 |
|
|
11,415 |
||
Electronic Equipment & Components - 0.8% |
|||
Amphenol Corp. Class A |
90,300 |
6,399 |
|
Measurement Specialties, Inc. (a) |
259,400 |
9,421 |
|
|
15,820 |
||
Internet Software & Services - 4.2% |
|||
Akamai Technologies, Inc. (a) |
154,500 |
5,710 |
|
Cornerstone OnDemand, Inc. (a) |
399,700 |
13,534 |
|
Demandware, Inc. |
216,300 |
5,721 |
|
Google, Inc. Class A (a) |
74,600 |
59,770 |
|
Open Text Corp. (a)(d) |
70,600 |
3,887 |
|
|
88,622 |
||
IT Services - 5.5% |
|||
Cognizant Technology Solutions Corp. Class A (a) |
172,600 |
13,251 |
|
Fidelity National Information Services, Inc. |
192,000 |
7,229 |
|
FleetCor Technologies, Inc. (a) |
157,100 |
10,967 |
|
IBM Corp. |
221,100 |
44,404 |
|
MasterCard, Inc. Class A |
40,100 |
20,765 |
|
Paychex, Inc. |
383,600 |
12,697 |
|
Teradata Corp. (a) |
100,000 |
5,806 |
|
|
115,119 |
||
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
INFORMATION TECHNOLOGY - continued |
|||
Semiconductors & Semiconductor Equipment - 1.6% |
|||
Applied Materials, Inc. |
850,000 |
$ 11,645 |
|
Samsung Electronics Co. Ltd. |
14,862 |
21,162 |
|
|
32,807 |
||
Software - 4.1% |
|||
Aspen Technology, Inc. (a) |
288,900 |
8,887 |
|
Callidus Software, Inc. (a)(d) |
701,300 |
3,051 |
|
Check Point Software Technologies Ltd. (a) |
110,900 |
5,823 |
|
Citrix Systems, Inc. (a) |
119,400 |
8,465 |
|
Concur Technologies, Inc. (a) |
204,500 |
14,356 |
|
Imperva, Inc. (a) |
167,700 |
6,121 |
|
MICROS Systems, Inc. (a) |
112,800 |
4,828 |
|
NICE Systems Ltd. sponsored ADR (a) |
126,900 |
4,481 |
|
Nuance Communications, Inc. (a) |
227,100 |
4,181 |
|
Red Hat, Inc. (a) |
141,000 |
7,164 |
|
ServiceNow, Inc. (d) |
161,700 |
5,250 |
|
TIBCO Software, Inc. (a) |
276,000 |
5,920 |
|
Trion World Network, Inc. warrants 8/10/17 (a)(g) |
28,652 |
0 |
|
VMware, Inc. Class A (a) |
95,100 |
6,831 |
|
|
85,358 |
||
TOTAL INFORMATION TECHNOLOGY |
361,587 |
||
MATERIALS - 2.1% |
|||
Chemicals - 2.0% |
|||
Airgas, Inc. |
110,100 |
11,041 |
|
E.I. du Pont de Nemours & Co. |
265,600 |
12,722 |
|
Monsanto Co. |
83,900 |
8,476 |
|
Praxair, Inc. |
95,600 |
10,808 |
|
|
43,047 |
||
Metals & Mining - 0.1% |
|||
Ivanplats Ltd. Class A (g) |
293,960 |
1,072 |
|
TOTAL MATERIALS |
44,119 |
||
TELECOMMUNICATION SERVICES - 1.2% |
|||
Diversified Telecommunication Services - 0.4% |
|||
tw telecom, inc. (a) |
327,200 |
8,285 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
TELECOMMUNICATION SERVICES - continued |
|||
Wireless Telecommunication Services - 0.8% |
|||
Vodafone Group PLC sponsored ADR |
696,600 |
$ 17,513 |
|
TOTAL TELECOMMUNICATION SERVICES |
25,798 |
||
UTILITIES - 0.5% |
|||
Electric Utilities - 0.3% |
|||
Edison International |
141,300 |
6,787 |
|
Multi-Utilities - 0.2% |
|||
YTL Corp. Bhd |
6,726,016 |
3,589 |
|
YTL Power International Bhd warrants 6/11/18 (a) |
448,401 |
55 |
|
|
3,644 |
||
TOTAL UTILITIES |
10,431 |
||
TOTAL COMMON STOCKS (Cost $1,637,353) |
|
||
Convertible Preferred Stocks - 0.2% |
|||
|
|
|
|
CONSUMER DISCRETIONARY - 0.0% |
|||
Media - 0.0% |
|||
Glam Media, Inc. Series M-1, 8.00% (a)(g) |
128,191 |
655 |
|
INFORMATION TECHNOLOGY - 0.2% |
|||
Software - 0.2% |
|||
Trion World Network, Inc.: |
|
|
|
Series C, 8.00% (a)(g) |
910,747 |
3,898 |
|
Series C-1, 8.00% (a)(g) |
71,630 |
307 |
|
|
4,205 |
||
TOTAL CONVERTIBLE PREFERRED STOCKS (Cost $8,113) |
|
||
Nonconvertible Bonds - 0.0% |
|||
|
Principal |
|
|
CONSUMER DISCRETIONARY - 0.0% |
|||
Media - 0.0% |
|||
Glam Media, Inc. 9% 12/2/13 (g) (Cost $281) |
$ 281 |
|
|
Other - 0.3% |
|
Principal |
Value (000s) |
ENERGY - 0.3% |
|||
Oil, Gas & Consumable Fuels - 0.3% |
|||
EQTY ER Holdings, LLC 12% 1/28/18 (e)(g)(h) |
$ 4,520 |
$ 4,520 |
|
Shares |
|
||
EQTY ER Holdings, LLC (e)(g)(h) |
2,260,000 |
2,260 |
|
TOTAL OTHER (Cost $6,780) |
|
||
Money Market Funds - 3.5% |
|||
|
|||
Fidelity Cash Central Fund, 0.16% (b) |
31,073,047 |
31,073 |
|
Fidelity Securities Lending Cash Central Fund, 0.16% (b)(c) |
42,017,039 |
42,017 |
|
TOTAL MONEY MARKET FUNDS (Cost $73,090) |
|
||
TOTAL INVESTMENT PORTFOLIO - 102.8% (Cost $1,725,617) |
2,146,124 |
||
NET OTHER ASSETS (LIABILITIES) - (2.8)% |
(59,418) |
||
NET ASSETS - 100% |
$ 2,086,706 |
Legend |
(a) Non-income producing |
(b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(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) Investment is owned by an entity that is treated as a corporation for U.S. tax purposes and is owned by the Fund. |
(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 $21,909,000 or 1.0% of net assets. |
Additional information on each restricted holding is as follows: |
Security |
Acquisition |
Acquisition |
EQTY ER Holdings, LLC 12% 1/28/18 |
1/29/13 |
$ 4,520 |
EQTY ER Holdings, LLC |
1/29/13 |
$ 2,260 |
Glam Media, Inc. Series M-1, 8.00% |
3/19/08 |
$ 2,344 |
Glam Media, Inc. 9% 12/2/13 |
12/2/11 |
$ 281 |
Ivanplats Ltd. Class A |
10/23/12 |
$ 1,424 |
LegendPictures LLC |
9/23/10 - 12/18/12 |
$ 1,103 |
New Academy Holding Co. LLC unit |
8/1/11 |
$ 6,956 |
Trion World Network, Inc. warrants 8/10/17 |
8/10/10 |
$ 0 |
Trion World Network, Inc. Series C, 8.00% |
8/22/08 |
$ 5,001 |
Trion World Network, Inc. Series C-1, 8.00% |
8/10/10 |
$ 393 |
(h) Investments represent a non-operating interest in oil and gas wells through an entity owned by the Fund that is treated as a corporation for U.S. tax purposes. |
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 |
$ 12 |
Fidelity Securities Lending Cash Central Fund |
115 |
Total |
$ 127 |
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, |
EQTY ER Holdings, LLC 12% 1/28/18 |
$ - |
$ 4,520 |
$ - |
$ - |
$ 4,520 |
EQTY ER Holdings, LLC |
- |
2,260 |
- |
- |
2,260 |
Total |
$ - |
$ 6,780 |
$ - |
$ - |
$ 6,780 |
Other Information |
The following is a summary of the inputs used, as of February 28, 2013, 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 |
$ 226,359 |
$ 216,788 |
$ - |
$ 9,571 |
Consumer Staples |
122,238 |
122,238 |
- |
- |
Energy |
209,673 |
209,673 |
- |
- |
Financials |
418,592 |
418,592 |
- |
- |
Health Care |
369,891 |
369,891 |
- |
- |
Industrials |
273,080 |
273,080 |
- |
- |
Information Technology |
365,792 |
361,587 |
- |
4,205 |
Materials |
44,119 |
43,047 |
1,072 |
- |
Telecommunication Services |
25,798 |
25,798 |
- |
- |
Utilities |
10,431 |
10,431 |
- |
- |
Corporate Bonds |
281 |
- |
- |
281 |
Other/Energy |
6,780 |
- |
- |
6,780 |
Money Market Funds |
73,090 |
73,090 |
- |
- |
Total Investments in Securities: |
$ 2,146,124 |
$ 2,124,215 |
$ 1,072 |
$ 20,837 |
Income Tax Information |
At February 28, 2013, the cost of investment securities for income tax purposes was $1,730,342,000. Net unrealized appreciation aggregated $415,782,000, of which $447,774,000 related to appreciated investment securities and $31,992,000 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 vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Fidelity Management & Research Company (FMR) Fair Value Committee (the Committee), in accordance with procedures adopted by the Fund's Board. Factors used in determining fair value vary by investment type and may include market or investment 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. Restricted equity securities and private placements for which observable inputs are not available, are valued using alternate valuation approaches, including the market approach and the income approach and are categorized as Level 3 in the hierarchy. The market approach generally consists of using comparable market transactions while the income approach generally consists of using the net present value of estimated future cash flows, adjusted as appropriate for liquidity, credit, market and/or other risk factors. |
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. |
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. Debt securities 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
Quarterly Holdings Report
for
Fidelity ® Growth Strategies Fund
February 28, 2013
1.797938.109
FEG-QTLY-0413
Showing Percentage of Net Assets
Common Stocks - 98.7% |
|||
Shares |
Value (000s) |
||
CONSUMER DISCRETIONARY - 21.1% |
|||
Automobiles - 1.1% |
|||
Harley-Davidson, Inc. |
375,000 |
$ 19,736 |
|
Distributors - 1.2% |
|||
LKQ Corp. (a) |
975,000 |
20,660 |
|
Hotels, Restaurants & Leisure - 2.8% |
|||
Brinker International, Inc. |
275,000 |
9,180 |
|
Jack in the Box, Inc. (a) |
300,000 |
9,498 |
|
Panera Bread Co. Class A (a) |
50,000 |
8,048 |
|
Wyndham Worldwide Corp. |
350,000 |
21,084 |
|
|
47,810 |
||
Household Durables - 1.9% |
|||
Jarden Corp. |
250,000 |
15,528 |
|
Tupperware Brands Corp. |
220,000 |
17,211 |
|
|
32,739 |
||
Internet & Catalog Retail - 2.3% |
|||
Expedia, Inc. |
200,000 |
12,768 |
|
Liberty Media Corp. Interactive Series A (a) |
500,000 |
10,440 |
|
TripAdvisor, Inc. (a) |
350,000 |
15,911 |
|
|
39,119 |
||
Media - 0.5% |
|||
Discovery Communications, Inc. (a) |
110,000 |
8,066 |
|
Multiline Retail - 1.2% |
|||
Dollar Tree, Inc. (a) |
475,000 |
21,463 |
|
Specialty Retail - 5.6% |
|||
Aarons, Inc. Class A |
325,000 |
8,869 |
|
CarMax, Inc. (a) |
300,000 |
11,523 |
|
DSW, Inc. Class A |
50,000 |
3,385 |
|
Foot Locker, Inc. |
350,000 |
11,967 |
|
O'Reilly Automotive, Inc. (a) |
200,000 |
20,348 |
|
Ross Stores, Inc. |
410,000 |
23,764 |
|
Ulta Salon, Cosmetics & Fragrance, Inc. |
50,000 |
4,428 |
|
Urban Outfitters, Inc. (a) |
300,000 |
12,156 |
|
|
96,440 |
||
Textiles, Apparel & Luxury Goods - 4.5% |
|||
Carter's, Inc. (a) |
285,000 |
16,077 |
|
PVH Corp. |
160,000 |
19,496 |
|
Ralph Lauren Corp. |
100,000 |
17,347 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
CONSUMER DISCRETIONARY - continued |
|||
Textiles, Apparel & Luxury Goods - continued |
|||
VF Corp. |
125,400 |
$ 20,222 |
|
Wolverine World Wide, Inc. |
125,000 |
5,275 |
|
|
78,417 |
||
TOTAL CONSUMER DISCRETIONARY |
364,450 |
||
CONSUMER STAPLES - 6.3% |
|||
Beverages - 2.1% |
|||
Brown-Forman Corp. Class B (non-vtg.) |
250,000 |
16,405 |
|
Constellation Brands, Inc. Class A (sub. vtg.) (a) |
250,000 |
11,060 |
|
Embotelladora Andina SA ADR |
250,000 |
8,230 |
|
|
35,695 |
||
Food Products - 3.0% |
|||
Mead Johnson Nutrition Co. Class A |
290,000 |
21,724 |
|
The Hershey Co. |
200,000 |
16,668 |
|
The J.M. Smucker Co. |
140,000 |
13,342 |
|
|
51,734 |
||
Personal Products - 0.0% |
|||
Herbalife Ltd. |
25,000 |
1,007 |
|
Tobacco - 1.2% |
|||
Lorillard, Inc. |
525,000 |
20,234 |
|
TOTAL CONSUMER STAPLES |
108,670 |
||
ENERGY - 5.7% |
|||
Energy Equipment & Services - 2.9% |
|||
Cameron International Corp. (a) |
350,000 |
22,302 |
|
Dresser-Rand Group, Inc. (a) |
200,000 |
12,332 |
|
Oceaneering International, Inc. |
250,000 |
15,898 |
|
|
50,532 |
||
Oil, Gas & Consumable Fuels - 2.8% |
|||
Cabot Oil & Gas Corp. |
415,000 |
25,718 |
|
Pioneer Natural Resources Co. |
185,000 |
23,275 |
|
|
48,993 |
||
TOTAL ENERGY |
99,525 |
||
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
FINANCIALS - 8.8% |
|||
Capital Markets - 2.2% |
|||
Affiliated Managers Group, Inc. (a) |
130,000 |
$ 19,010 |
|
FXCM, Inc. Class A (d) |
650,000 |
8,548 |
|
Oaktree Capital Group LLC |
200,000 |
9,986 |
|
|
37,544 |
||
Diversified Financial Services - 4.0% |
|||
IntercontinentalExchange, Inc. (a) |
125,000 |
19,353 |
|
McGraw-Hill Companies, Inc. |
485,000 |
22,577 |
|
MSCI, Inc. Class A (a) |
399,978 |
13,251 |
|
NYSE Euronext |
50,000 |
1,864 |
|
The NASDAQ Stock Market, Inc. |
400,000 |
12,664 |
|
|
69,709 |
||
Real Estate Investment Trusts - 0.9% |
|||
Rayonier, Inc. |
300,000 |
16,761 |
|
Real Estate Management & Development - 1.7% |
|||
Altisource Asset Management Corp. (a) |
11,500 |
1,492 |
|
Altisource Portfolio Solutions SA |
160,000 |
13,046 |
|
CBRE Group, Inc. (a) |
600,000 |
14,502 |
|
|
29,040 |
||
TOTAL FINANCIALS |
153,054 |
||
HEALTH CARE - 16.0% |
|||
Biotechnology - 2.2% |
|||
ARIAD Pharmaceuticals, Inc. (a) |
225,000 |
4,732 |
|
BioMarin Pharmaceutical, Inc. (a) |
140,000 |
8,116 |
|
Elan Corp. PLC sponsored ADR (a) |
400,000 |
4,536 |
|
Medivation, Inc. (a) |
100,000 |
4,914 |
|
Onyx Pharmaceuticals, Inc. (a) |
65,000 |
4,895 |
|
Regeneron Pharmaceuticals, Inc. (a) |
30,000 |
5,010 |
|
United Therapeutics Corp. (a) |
90,000 |
5,383 |
|
|
37,586 |
||
Health Care Equipment & Supplies - 3.2% |
|||
C.R. Bard, Inc. |
150,000 |
14,828 |
|
DENTSPLY International, Inc. |
325,000 |
13,462 |
|
IDEXX Laboratories, Inc. (a) |
160,000 |
14,739 |
|
The Cooper Companies, Inc. |
120,000 |
12,727 |
|
|
55,756 |
||
Health Care Providers & Services - 8.2% |
|||
AmerisourceBergen Corp. |
570,000 |
26,894 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
HEALTH CARE - continued |
|||
Health Care Providers & Services - continued |
|||
Catamaran Corp. (a) |
250,000 |
$ 13,428 |
|
Chemed Corp. |
90,000 |
6,947 |
|
DaVita, Inc. (a) |
215,000 |
25,718 |
|
Henry Schein, Inc. (a) |
140,000 |
12,491 |
|
Laboratory Corp. of America Holdings (a) |
240,000 |
21,264 |
|
MEDNAX, Inc. (a) |
140,000 |
11,987 |
|
Universal Health Services, Inc. Class B |
200,000 |
11,578 |
|
Wellcare Health Plans, Inc. (a) |
200,000 |
11,438 |
|
|
141,745 |
||
Life Sciences Tools & Services - 0.9% |
|||
Waters Corp. (a) |
160,000 |
14,835 |
|
Pharmaceuticals - 1.5% |
|||
Actavis, Inc. (a) |
175,000 |
14,903 |
|
Endo Health Solutions, Inc. (a) |
40,000 |
1,240 |
|
Jazz Pharmaceuticals PLC (a) |
90,000 |
5,236 |
|
Valeant Pharmaceuticals International, Inc. (United States) (a) |
80,000 |
5,397 |
|
|
26,776 |
||
TOTAL HEALTH CARE |
276,698 |
||
INDUSTRIALS - 15.0% |
|||
Aerospace & Defense - 1.2% |
|||
TransDigm Group, Inc. |
150,000 |
21,351 |
|
Commercial Services & Supplies - 1.0% |
|||
Stericycle, Inc. (a) |
175,000 |
16,786 |
|
Construction & Engineering - 0.5% |
|||
Quanta Services, Inc. (a) |
275,000 |
7,810 |
|
Electrical Equipment - 3.6% |
|||
AMETEK, Inc. |
550,000 |
23,007 |
|
Hubbell, Inc. Class B |
154,000 |
14,308 |
|
Roper Industries, Inc. |
200,000 |
24,922 |
|
|
62,237 |
||
Machinery - 4.2% |
|||
Colfax Corp. (a) |
125,000 |
5,425 |
|
IDEX Corp. |
175,001 |
8,913 |
|
Ingersoll-Rand PLC |
360,000 |
18,954 |
|
PACCAR, Inc. |
250,000 |
11,858 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
INDUSTRIALS - continued |
|||
Machinery - continued |
|||
Pall Corp. |
240,000 |
$ 16,363 |
|
Valmont Industries, Inc. |
70,000 |
11,029 |
|
|
72,542 |
||
Professional Services - 1.9% |
|||
Equifax, Inc. |
300,000 |
16,536 |
|
IHS, Inc. Class A (a) |
160,000 |
17,000 |
|
|
33,536 |
||
Road & Rail - 1.0% |
|||
J.B. Hunt Transport Services, Inc. |
250,000 |
17,380 |
|
Trading Companies & Distributors - 1.6% |
|||
Brenntag AG |
80,000 |
11,405 |
|
W.W. Grainger, Inc. |
75,000 |
16,985 |
|
|
28,390 |
||
TOTAL INDUSTRIALS |
260,032 |
||
INFORMATION TECHNOLOGY - 19.5% |
|||
Communications Equipment - 0.6% |
|||
Motorola Solutions, Inc. |
175,000 |
10,887 |
|
Computers & Peripherals - 1.0% |
|||
NCR Corp. (a) |
600,000 |
16,548 |
|
Electronic Equipment & Components - 1.4% |
|||
Amphenol Corp. Class A |
340,000 |
24,092 |
|
Internet Software & Services - 1.6% |
|||
Akamai Technologies, Inc. (a) |
325,000 |
12,012 |
|
VeriSign, Inc. (a) |
350,000 |
16,030 |
|
|
28,042 |
||
IT Services - 6.1% |
|||
Amdocs Ltd. |
375,000 |
13,676 |
|
Fiserv, Inc. (a) |
305,000 |
25,044 |
|
Gartner, Inc. Class A (a) |
370,000 |
18,411 |
|
Genpact Ltd. |
850,000 |
14,969 |
|
Global Payments, Inc. |
275,000 |
13,258 |
|
The Western Union Co. |
1,400,000 |
19,642 |
|
|
105,000 |
||
Semiconductors & Semiconductor Equipment - 2.6% |
|||
Altera Corp. |
600,000 |
21,252 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
INFORMATION TECHNOLOGY - continued |
|||
Semiconductors & Semiconductor Equipment - continued |
|||
Avago Technologies Ltd. |
425,000 |
$ 14,544 |
|
Cree, Inc. (a) |
200,000 |
9,046 |
|
|
44,842 |
||
Software - 6.2% |
|||
Adobe Systems, Inc. (a) |
200,000 |
7,860 |
|
Autodesk, Inc. (a) |
400,000 |
14,688 |
|
Check Point Software Technologies Ltd. (a) |
225,000 |
11,815 |
|
Citrix Systems, Inc. (a) |
80,000 |
5,672 |
|
Concur Technologies, Inc. (a) |
150,000 |
10,530 |
|
Intuit, Inc. |
290,000 |
18,699 |
|
MICROS Systems, Inc. (a) |
300,000 |
12,840 |
|
Nuance Communications, Inc. (a) |
675,000 |
12,427 |
|
Synopsys, Inc. (a) |
350,000 |
12,261 |
|
Workday, Inc. |
13,789 |
762 |
|
|
107,554 |
||
TOTAL INFORMATION TECHNOLOGY |
336,965 |
||
MATERIALS - 6.3% |
|||
Chemicals - 5.3% |
|||
Airgas, Inc. |
100,000 |
10,028 |
|
Albemarle Corp. |
200,000 |
13,016 |
|
Eastman Chemical Co. |
250,000 |
17,433 |
|
FMC Corp. |
250,000 |
15,065 |
|
Sherwin-Williams Co. |
130,000 |
21,007 |
|
Sigma Aldrich Corp. |
65,000 |
5,009 |
|
W.R. Grace & Co. (a) |
150,000 |
10,737 |
|
|
92,295 |
||
Containers & Packaging - 1.0% |
|||
Ball Corp. |
385,000 |
17,098 |
|
TOTAL MATERIALS |
109,393 |
||
TOTAL COMMON STOCKS (Cost $1,469,401) |
|
||
Money Market Funds - 1.3% |
|||
Shares |
Value (000s) |
||
Fidelity Cash Central Fund, 0.16% (b) |
21,994,802 |
$ 21,995 |
|
Fidelity Securities Lending Cash Central Fund, 0.16% (b)(c) |
247,050 |
247 |
|
TOTAL MONEY MARKET FUNDS (Cost $22,242) |
|
||
TOTAL INVESTMENT PORTFOLIO - 100.0% (Cost $1,491,643) |
1,731,029 |
||
NET OTHER ASSETS (LIABILITIES) - 0.0% |
473 |
||
NET ASSETS - 100% |
$ 1,731,502 |
Legend |
(a) Non-income producing |
(b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(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 |
$ 11 |
Fidelity Securities Lending Cash Central Fund |
2 |
Total |
$ 13 |
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 February 28, 2013, the cost of investment securities for income tax purposes was $1,494,456,000. Net unrealized appreciation aggregated $236,573,000, of which $254,164,000 related to appreciated investment securities and $17,591,000 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 vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Fidelity Management & Research Company (FMR) Fair Value Committee (the Committee), in accordance with procedures adopted by the Fund's Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and 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 ® Growth Company Fund
February 28, 2013
1.797941.109
GCF-QTLY-0413
Showing Percentage of Net Assets
Common Stocks - 99.6% |
|||
Shares |
Value (000s) |
||
CONSUMER DISCRETIONARY - 16.3% |
|||
Automobiles - 0.3% |
|||
Ford Motor Co. |
3,245,000 |
$ 40,919 |
|
General Motors Co. (a) |
22,800 |
619 |
|
Honda Motor Co. Ltd. |
780,000 |
29,171 |
|
Tesla Motors, Inc. (a) |
1,775,000 |
61,823 |
|
|
132,532 |
||
Diversified Consumer Services - 0.1% |
|||
Bright Horizons Family Solutions, Inc. |
169,954 |
4,752 |
|
K12, Inc. (a)(d)(e) |
2,010,000 |
41,909 |
|
|
46,661 |
||
Hotels, Restaurants & Leisure - 3.3% |
|||
Arcos Dorados Holdings, Inc. Class A (d) |
2,114,900 |
26,796 |
|
Buffalo Wild Wings, Inc. (a) |
794,900 |
62,551 |
|
Chipotle Mexican Grill, Inc. (a) |
121,000 |
38,332 |
|
Chuys Holdings, Inc. (e) |
1,591,842 |
45,383 |
|
Dunkin' Brands Group, Inc. |
3,003,340 |
111,574 |
|
Home Inns & Hotels Management, Inc. sponsored ADR (a)(e) |
2,775,000 |
80,975 |
|
Hyatt Hotels Corp. Class A (a) |
1,223,440 |
50,271 |
|
Las Vegas Sands Corp. |
975,000 |
50,203 |
|
McDonald's Corp. |
3,075,000 |
294,893 |
|
Panera Bread Co. Class A (a) |
875,000 |
140,831 |
|
Starbucks Corp. |
5,748,400 |
315,127 |
|
Starwood Hotels & Resorts Worldwide, Inc. |
1,445,000 |
87,177 |
|
Yum! Brands, Inc. |
2,010,000 |
131,615 |
|
|
1,435,728 |
||
Household Durables - 1.5% |
|||
Gafisa SA sponsored ADR (a)(d) |
1,570,000 |
6,688 |
|
Lennar Corp. Class A (d) |
9,150,077 |
353,101 |
|
SodaStream International Ltd. (a)(d)(e) |
1,990,322 |
94,719 |
|
Tempur-Pedic International, Inc. (a) |
820,000 |
33,677 |
|
Toll Brothers, Inc. (a) |
5,524,050 |
188,481 |
|
|
676,666 |
||
Internet & Catalog Retail - 2.0% |
|||
Amazon.com, Inc. (a) |
2,151,000 |
568,445 |
|
Kayak Software Corp. |
43,400 |
1,730 |
|
Netflix, Inc. (a) |
211,000 |
39,685 |
|
priceline.com, Inc. (a) |
315,000 |
216,588 |
|
TripAdvisor, Inc. (a) |
960,000 |
43,642 |
|
|
870,090 |
||
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
CONSUMER DISCRETIONARY - continued |
|||
Media - 1.1% |
|||
Comcast Corp. Class A |
6,537,500 |
$ 260,127 |
|
Lions Gate Entertainment Corp. (a)(d) |
4,499,992 |
94,365 |
|
Pandora Media, Inc. (a)(d) |
6,979,469 |
85,150 |
|
Time Warner, Inc. |
1,025,650 |
54,534 |
|
|
494,176 |
||
Multiline Retail - 0.5% |
|||
Dollar Tree, Inc. (a) |
1,125,000 |
50,833 |
|
J.C. Penney Co., Inc. (d) |
5,415,000 |
95,142 |
|
Nordstrom, Inc. |
800,000 |
43,376 |
|
Target Corp. |
722,589 |
45,494 |
|
|
234,845 |
||
Specialty Retail - 2.7% |
|||
Abercrombie & Fitch Co. Class A |
2,435,000 |
113,544 |
|
AutoNation, Inc. (a)(d) |
1,050,000 |
45,959 |
|
Bed Bath & Beyond, Inc. (a) |
1,300,000 |
73,775 |
|
CarMax, Inc. (a) |
3,500,000 |
134,435 |
|
Five Below, Inc. (d) |
2,062,093 |
82,071 |
|
Francescas Holdings Corp. (a)(d)(e) |
3,928,379 |
99,977 |
|
Home Depot, Inc. |
5,470,000 |
374,695 |
|
Limited Brands, Inc. |
1,460,000 |
66,459 |
|
Lumber Liquidators Holdings, Inc. (a)(d)(e) |
2,735,167 |
161,895 |
|
Tiffany & Co., Inc. |
225,000 |
15,111 |
|
Urban Outfitters, Inc. (a) |
680,000 |
27,554 |
|
|
1,195,475 |
||
Textiles, Apparel & Luxury Goods - 4.8% |
|||
C. Wonder LLC (a)(g)(h) |
555,556 |
17,500 |
|
Coach, Inc. |
57,200 |
2,764 |
|
Fifth & Pacific Companies, Inc. (a) |
1,540,000 |
27,859 |
|
Fossil, Inc. (a)(e) |
5,753,744 |
591,312 |
|
lululemon athletica, Inc. (a)(d)(e) |
12,117,100 |
812,452 |
|
Michael Kors Holdings Ltd. (a) |
4,467,493 |
264,833 |
|
NIKE, Inc. Class B |
3,438,000 |
187,233 |
|
Prada SpA |
10,459,300 |
103,439 |
|
Tory Burch LLC (a)(g)(h) |
324,840 |
17,505 |
|
Under Armour, Inc. Class A (sub. vtg.) (a) |
1,010,000 |
49,773 |
|
VF Corp. |
320,000 |
51,603 |
|
|
2,126,273 |
||
TOTAL CONSUMER DISCRETIONARY |
7,212,446 |
||
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
CONSUMER STAPLES - 11.4% |
|||
Beverages - 1.9% |
|||
Beam, Inc. |
1,570,000 |
$ 95,817 |
|
Dr. Pepper Snapple Group, Inc. |
655,000 |
28,571 |
|
Monster Beverage Corp. (a) |
2,504,406 |
126,297 |
|
PepsiCo, Inc. |
1,461,640 |
110,748 |
|
SABMiller PLC |
50,000 |
2,486 |
|
The Coca-Cola Co. |
12,195,000 |
472,190 |
|
|
836,109 |
||
Food & Staples Retailing - 2.2% |
|||
Costco Wholesale Corp. |
1,795,800 |
181,897 |
|
CVS Caremark Corp. |
1,240,000 |
63,389 |
|
Drogasil SA |
3,281,873 |
37,836 |
|
Fresh Market, Inc. (a)(e) |
2,448,468 |
114,148 |
|
Wal-Mart Stores, Inc. |
5,524,114 |
390,997 |
|
Walgreen Co. |
560,000 |
22,926 |
|
Whole Foods Market, Inc. |
1,740,000 |
148,979 |
|
|
960,172 |
||
Food Products - 3.2% |
|||
Archer Daniels Midland Co. |
6,865,000 |
218,719 |
|
Bunge Ltd. |
3,675,000 |
272,354 |
|
Campbell Soup Co. (d) |
715,000 |
29,429 |
|
D.E. Master Blenders 1753 NV (a) |
685,000 |
8,255 |
|
General Mills, Inc. |
1,115,600 |
51,597 |
|
Green Mountain Coffee Roasters, Inc. (a)(e) |
8,071,149 |
385,478 |
|
Hillshire Brands Co. |
137,000 |
4,439 |
|
Kellogg Co. |
965,000 |
58,383 |
|
Kraft Foods Group, Inc. |
195,000 |
9,452 |
|
Mead Johnson Nutrition Co. Class A |
1,686,800 |
126,358 |
|
Mondelez International, Inc. |
585,000 |
16,175 |
|
Smithfield Foods, Inc. (a) |
2,565,000 |
57,046 |
|
The Hershey Co. |
815,000 |
67,922 |
|
Tyson Foods, Inc. Class A |
4,300,000 |
97,481 |
|
Want Want China Holdings Ltd. |
28,000,000 |
39,280 |
|
|
1,442,368 |
||
Household Products - 1.0% |
|||
Church & Dwight Co., Inc. |
685,000 |
42,443 |
|
Colgate-Palmolive Co. |
1,230,000 |
140,749 |
|
Kimberly-Clark Corp. |
670,000 |
63,168 |
|
Procter & Gamble Co. |
2,704,483 |
206,028 |
|
|
452,388 |
||
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
CONSUMER STAPLES - continued |
|||
Personal Products - 1.0% |
|||
Avon Products, Inc. |
23,615 |
$ 462 |
|
Herbalife Ltd. (d)(e) |
9,950,210 |
400,894 |
|
Nu Skin Enterprises, Inc. Class A (d) |
1,180,000 |
48,616 |
|
|
449,972 |
||
Tobacco - 2.1% |
|||
Altria Group, Inc. |
5,730,380 |
192,254 |
|
Lorillard, Inc. |
2,655,000 |
102,324 |
|
Philip Morris International, Inc. |
6,795,380 |
623,476 |
|
|
918,054 |
||
TOTAL CONSUMER STAPLES |
5,059,063 |
||
ENERGY - 5.1% |
|||
Energy Equipment & Services - 1.4% |
|||
Carbo Ceramics, Inc. (d) |
175,000 |
15,890 |
|
FMC Technologies, Inc. (a) |
1,850,000 |
96,034 |
|
Halliburton Co. |
3,250,000 |
134,908 |
|
Schlumberger Ltd. |
4,839,600 |
376,763 |
|
|
623,595 |
||
Oil, Gas & Consumable Fuels - 3.7% |
|||
Anadarko Petroleum Corp. |
2,292,594 |
182,445 |
|
Apache Corp. |
5,000 |
371 |
|
Chesapeake Energy Corp. (d) |
3,000,000 |
60,480 |
|
Cobalt International Energy, Inc. (a) |
70,900 |
1,749 |
|
Concho Resources, Inc. (a) |
1,710,000 |
153,832 |
|
Continental Resources, Inc. (a) |
1,990,000 |
175,120 |
|
Devon Energy Corp. |
880,000 |
47,749 |
|
EOG Resources, Inc. |
1,070,000 |
134,510 |
|
Hess Corp. |
525,000 |
34,913 |
|
Kosmos Energy Ltd. (a) |
2,290,000 |
25,030 |
|
Noble Energy, Inc. |
568,758 |
63,035 |
|
Occidental Petroleum Corp. |
2,805,000 |
230,936 |
|
PDC Energy, Inc. (a) |
450,000 |
20,988 |
|
Peabody Energy Corp. |
2,070,000 |
44,629 |
|
Phillips 66 |
275,000 |
17,314 |
|
Pioneer Natural Resources Co. |
2,095,000 |
263,572 |
|
Range Resources Corp. |
1,233,689 |
94,747 |
|
Southwestern Energy Co. (a) |
97,461 |
3,340 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
ENERGY - continued |
|||
Oil, Gas & Consumable Fuels - continued |
|||
Valero Energy Corp. |
1,490,000 |
$ 67,929 |
|
Whiting Petroleum Corp. (a) |
430,000 |
20,941 |
|
|
1,643,630 |
||
TOTAL ENERGY |
2,267,225 |
||
FINANCIALS - 4.8% |
|||
Capital Markets - 0.6% |
|||
BlackRock, Inc. Class A |
265,000 |
63,534 |
|
Charles Schwab Corp. |
5,404,975 |
87,777 |
|
Franklin Resources, Inc. |
45,000 |
6,356 |
|
ICG Group, Inc. (a)(e) |
3,775,000 |
49,188 |
|
T. Rowe Price Group, Inc. |
915,000 |
65,139 |
|
|
271,994 |
||
Commercial Banks - 1.0% |
|||
Banco Bradesco SA (PN) sponsored ADR |
4,415,000 |
79,338 |
|
HDFC Bank Ltd. sponsored ADR |
2,770,000 |
105,399 |
|
ICICI Bank Ltd. sponsored ADR |
1,205,000 |
50,514 |
|
Itau Unibanco Holding SA sponsored ADR |
1,525,000 |
26,932 |
|
PrivateBancorp, Inc. (e) |
4,388,426 |
78,597 |
|
Signature Bank (a) |
606,885 |
45,073 |
|
Wells Fargo & Co. |
1,552,300 |
54,455 |
|
|
440,308 |
||
Consumer Finance - 1.8% |
|||
American Express Co. |
1,832,548 |
113,893 |
|
Discover Financial Services |
17,450,444 |
672,366 |
|
|
786,259 |
||
Diversified Financial Services - 1.3% |
|||
Bank of America Corp. |
8,350,000 |
93,771 |
|
BM&F Bovespa SA |
23,879,772 |
161,780 |
|
Citigroup, Inc. |
3,572,380 |
149,933 |
|
JPMorgan Chase & Co. |
3,385,000 |
165,594 |
|
|
571,078 |
||
Real Estate Management & Development - 0.1% |
|||
The St. Joe Co. (a)(d) |
3,030,135 |
67,572 |
|
TOTAL FINANCIALS |
2,137,211 |
||
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
HEALTH CARE - 17.5% |
|||
Biotechnology - 11.9% |
|||
ACADIA Pharmaceuticals, Inc. (a)(d) |
4,438,949 |
$ 26,945 |
|
Aegerion Pharmaceuticals, Inc. (a) |
193,345 |
5,824 |
|
Alexion Pharmaceuticals, Inc. (a) |
6,049,060 |
524,695 |
|
Alkermes PLC (a)(e) |
13,233,959 |
287,309 |
|
Alnylam Pharmaceuticals, Inc. (a)(e) |
4,295,558 |
101,762 |
|
Amgen, Inc. |
3,658,300 |
334,405 |
|
Array Biopharma, Inc. (a) |
2,403,770 |
9,351 |
|
AVEO Pharmaceuticals, Inc. (a) |
680,600 |
4,540 |
|
Biogen Idec, Inc. (a) |
1,445,000 |
240,361 |
|
Celgene Corp. (a) |
1,421,744 |
146,696 |
|
Cepheid, Inc. (a)(e) |
3,360,155 |
122,410 |
|
Clovis Oncology, Inc. (a)(d)(e) |
2,372,700 |
44,749 |
|
Elan Corp. PLC sponsored ADR (a)(e) |
37,194,070 |
421,781 |
|
Exelixis, Inc. (a)(d)(e) |
17,523,681 |
79,908 |
|
Gilead Sciences, Inc. (a) |
10,740,000 |
458,705 |
|
Halozyme Therapeutics, Inc. (a) |
1,890,000 |
10,319 |
|
ImmunoGen, Inc. (a)(d)(e) |
8,385,462 |
127,207 |
|
Immunomedics, Inc. (a)(d)(e) |
7,526,150 |
17,310 |
|
Incyte Corp. (a)(d) |
695,000 |
15,429 |
|
Infinity Pharmaceuticals, Inc. (a) |
1,582,000 |
65,321 |
|
InterMune, Inc. (a) |
2,073,117 |
18,389 |
|
Ironwood Pharmaceuticals, Inc. Class A (a) |
4,590,000 |
68,529 |
|
Isis Pharmaceuticals, Inc. (a)(d)(e) |
10,116,251 |
148,709 |
|
Lexicon Pharmaceuticals, Inc. (a)(e) |
51,025,869 |
100,521 |
|
Merrimack Pharmaceuticals, Inc. (e) |
6,432,444 |
41,168 |
|
Metabolix, Inc. (a)(d)(e) |
2,565,799 |
6,235 |
|
Momenta Pharmaceuticals, Inc. (a)(d) |
1,655,000 |
21,085 |
|
NPS Pharmaceuticals, Inc. (a)(e) |
8,587,783 |
68,531 |
|
Prothena Corp. PLC (a)(e) |
919,367 |
5,672 |
|
Regeneron Pharmaceuticals, Inc. (a)(e) |
7,691,613 |
1,284,499 |
|
Rigel Pharmaceuticals, Inc. (a)(e) |
8,757,895 |
58,853 |
|
Seattle Genetics, Inc. (a)(d)(e) |
11,909,340 |
335,129 |
|
Synageva BioPharma Corp. (a) |
475,000 |
23,736 |
|
Transition Therapeutics, Inc. (a)(e) |
2,332,446 |
4,921 |
|
Vertex Pharmaceuticals, Inc. (a) |
1,109,767 |
51,959 |
|
|
5,282,963 |
||
Health Care Equipment & Supplies - 1.1% |
|||
Abbott Laboratories |
1,861,500 |
62,900 |
|
Align Technology, Inc. (a) |
715,000 |
22,480 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
HEALTH CARE - continued |
|||
Health Care Equipment & Supplies - continued |
|||
Baxter International, Inc. |
1,870,000 |
$ 126,412 |
|
DexCom, Inc. (a) |
380,000 |
5,673 |
|
Edwards Lifesciences Corp. (a) |
760,000 |
65,307 |
|
Genmark Diagnostics, Inc. (a) |
1,266,968 |
13,214 |
|
ICU Medical, Inc. (a) |
345,000 |
19,582 |
|
Insulet Corp. (a)(e) |
4,239,300 |
95,681 |
|
Medtronic, Inc. |
604,964 |
27,199 |
|
St. Jude Medical, Inc. |
834,200 |
34,202 |
|
|
472,650 |
||
Health Care Providers & Services - 1.3% |
|||
Apollo Hospitals Enterprise Ltd. |
720,000 |
10,950 |
|
Cardinal Health, Inc. |
485,000 |
22,412 |
|
Catamaran Corp. (a) |
5,607,328 |
301,170 |
|
Express Scripts Holding Co. (a) |
526,303 |
29,952 |
|
McKesson Corp. |
1,780,000 |
188,911 |
|
UnitedHealth Group, Inc. |
176,400 |
9,429 |
|
|
562,824 |
||
Health Care Technology - 0.3% |
|||
athenahealth, Inc. (a)(d) |
955,000 |
89,569 |
|
Cerner Corp. (a) |
515,000 |
45,042 |
|
|
134,611 |
||
Pharmaceuticals - 2.9% |
|||
AbbVie, Inc. |
1,861,500 |
68,727 |
|
Actavis, Inc. (a) |
590,000 |
50,244 |
|
Allergan, Inc. |
2,265,000 |
245,571 |
|
Bristol-Myers Squibb Co. |
3,913,700 |
144,689 |
|
Concert Pharmaceuticals, Inc. (a)(h) |
186,198 |
151 |
|
Endocyte, Inc. (a) |
511,041 |
4,932 |
|
Hospira, Inc. (a) |
3,090,000 |
90,939 |
|
Johnson & Johnson |
83,300 |
6,340 |
|
MAP Pharmaceuticals, Inc. (a)(e) |
3,516,482 |
87,912 |
|
Mylan, Inc. (a) |
50,000 |
1,481 |
|
Questcor Pharmaceuticals, Inc. (d) |
2,822,600 |
92,017 |
|
Teva Pharmaceutical Industries Ltd. sponsored ADR |
705,000 |
26,367 |
|
Valeant Pharmaceuticals International, Inc. (Canada) (a) |
6,572,261 |
443,249 |
|
|
1,262,619 |
||
TOTAL HEALTH CARE |
7,715,667 |
||
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
INDUSTRIALS - 7.5% |
|||
Aerospace & Defense - 1.7% |
|||
Honeywell International, Inc. |
2,465,000 |
$ 172,797 |
|
Lockheed Martin Corp. |
1,040,100 |
91,529 |
|
The Boeing Co. |
1,494,800 |
114,950 |
|
United Technologies Corp. |
3,945,000 |
357,220 |
|
|
736,496 |
||
Air Freight & Logistics - 0.7% |
|||
United Parcel Service, Inc. Class B |
3,724,000 |
307,789 |
|
Airlines - 1.1% |
|||
Delta Air Lines, Inc. (a) |
2,050,000 |
29,254 |
|
JetBlue Airways Corp. (a)(d)(e) |
18,434,923 |
111,716 |
|
Ryanair Holdings PLC sponsored ADR |
940,000 |
36,340 |
|
Southwest Airlines Co. |
8,348,515 |
97,678 |
|
United Continental Holdings, Inc. (a) |
7,250,000 |
193,648 |
|
|
468,636 |
||
Construction & Engineering - 0.1% |
|||
Fluor Corp. |
455,000 |
28,165 |
|
KBR, Inc. |
650,000 |
19,754 |
|
|
47,919 |
||
Electrical Equipment - 0.5% |
|||
Eaton Corp. PLC |
25,000 |
1,549 |
|
Emerson Electric Co. |
2,065,000 |
117,086 |
|
Rockwell Automation, Inc. |
1,160,000 |
104,794 |
|
|
223,429 |
||
Industrial Conglomerates - 0.8% |
|||
3M Co. |
1,910,000 |
198,640 |
|
Danaher Corp. |
2,815,000 |
173,404 |
|
|
372,044 |
||
Machinery - 1.4% |
|||
Caterpillar, Inc. |
3,585,000 |
331,146 |
|
Cummins, Inc. |
1,790,000 |
207,407 |
|
Deere & Co. |
840,000 |
73,777 |
|
Illinois Tool Works, Inc. |
100,000 |
6,150 |
|
Rexnord Corp. |
587,500 |
11,967 |
|
|
630,447 |
||
Professional Services - 0.0% |
|||
Nielsen Holdings B.V. |
600,000 |
20,214 |
|
Road & Rail - 1.2% |
|||
CSX Corp. |
4,930,000 |
113,094 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
INDUSTRIALS - continued |
|||
Road & Rail - continued |
|||
Hertz Global Holdings, Inc. (a) |
150,000 |
$ 2,993 |
|
Union Pacific Corp. |
2,910,000 |
398,990 |
|
|
515,077 |
||
TOTAL INDUSTRIALS |
3,322,051 |
||
INFORMATION TECHNOLOGY - 34.0% |
|||
Communications Equipment - 2.1% |
|||
F5 Networks, Inc. (a) |
405,000 |
38,244 |
|
Infinera Corp. (a)(d)(e) |
11,216,700 |
72,796 |
|
Juniper Networks, Inc. (a) |
460,000 |
9,513 |
|
Motorola Solutions, Inc. |
485,000 |
30,172 |
|
Palo Alto Networks, Inc. |
45,800 |
2,800 |
|
QUALCOMM, Inc. |
10,743,400 |
705,089 |
|
Riverbed Technology, Inc. (a) |
4,226,890 |
64,587 |
|
|
923,201 |
||
Computers & Peripherals - 5.8% |
|||
3D Systems Corp. (a)(d) |
1,117,500 |
41,303 |
|
Apple, Inc. |
5,065,959 |
2,236,100 |
|
Fusion-io, Inc. (a)(d)(e) |
9,560,486 |
161,381 |
|
NetApp, Inc. (a) |
534,686 |
18,088 |
|
SanDisk Corp. (a) |
290,000 |
14,613 |
|
Silicon Graphics International Corp. (a)(d)(e) |
3,282,775 |
49,406 |
|
Stratasys Ltd. (a) |
660,000 |
41,672 |
|
|
2,562,563 |
||
Electronic Equipment & Components - 0.4% |
|||
Corning, Inc. |
1,103,000 |
13,909 |
|
Trimble Navigation Ltd. (a) |
495,000 |
29,418 |
|
Universal Display Corp. (a)(d)(e) |
3,595,914 |
112,840 |
|
|
156,167 |
||
Internet Software & Services - 6.8% |
|||
Akamai Technologies, Inc. (a) |
1,465,000 |
54,146 |
|
Baidu.com, Inc. sponsored ADR (a) |
195,000 |
17,698 |
|
Demandware, Inc. |
1,447,773 |
38,294 |
|
Dropbox, Inc. (h) |
1,105,082 |
10,000 |
|
eBay, Inc. (a) |
7,212,200 |
394,363 |
|
Facebook, Inc. Class A |
6,196,814 |
168,863 |
|
Google, Inc. Class A (a) |
2,400,448 |
1,923,239 |
|
LinkedIn Corp. (a) |
1,100,000 |
184,998 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
INFORMATION TECHNOLOGY - continued |
|||
Internet Software & Services - continued |
|||
Mail.ru Group Ltd. GDR (f) |
122,600 |
$ 4,117 |
|
MercadoLibre, Inc. (d) |
350,000 |
29,964 |
|
Rackspace Hosting, Inc. (a) |
1,975,000 |
110,324 |
|
SINA Corp. (a) |
310,000 |
16,021 |
|
Yandex NV (a) |
895,000 |
20,755 |
|
YouKu.com, Inc. ADR (a)(d) |
1,670,000 |
34,051 |
|
|
3,006,833 |
||
IT Services - 3.7% |
|||
Cognizant Technology Solutions Corp. Class A (a) |
1,734,716 |
133,174 |
|
IBM Corp. |
2,909,800 |
584,375 |
|
MasterCard, Inc. Class A |
837,000 |
433,415 |
|
Teradata Corp. (a) |
540,000 |
31,352 |
|
Visa, Inc. Class A |
2,934,100 |
465,466 |
|
|
1,647,782 |
||
Semiconductors & Semiconductor Equipment - 5.8% |
|||
Altera Corp. |
1,690,000 |
59,860 |
|
Applied Micro Circuits Corp. (a)(e) |
6,531,638 |
51,927 |
|
ARM Holdings PLC sponsored ADR |
1,400,000 |
60,928 |
|
ASML Holding NV |
880,793 |
62,519 |
|
Broadcom Corp. Class A |
4,755,000 |
162,193 |
|
Cree, Inc. (a)(d)(e) |
11,365,294 |
514,052 |
|
Cypress Semiconductor Corp. (e) |
15,593,240 |
164,197 |
|
Intel Corp. |
2,710,000 |
56,504 |
|
KLA-Tencor Corp. |
510,000 |
27,928 |
|
Marvell Technology Group Ltd. |
1,918,310 |
19,375 |
|
MaxLinear, Inc. Class A (a) |
2,354,608 |
13,845 |
|
Mellanox Technologies Ltd. (a)(d)(e) |
4,231,289 |
223,116 |
|
NVIDIA Corp. (e) |
50,295,384 |
636,740 |
|
Peregrine Semiconductor Corp. (d) |
300,000 |
2,997 |
|
Rambus, Inc. (a)(d)(e) |
11,457,400 |
64,620 |
|
Samsung Electronics Co. Ltd. |
50,000 |
71,195 |
|
Silicon Laboratories, Inc. (a)(e) |
4,600,680 |
191,020 |
|
Skyworks Solutions, Inc. (a) |
1,625,000 |
34,613 |
|
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR |
775,000 |
14,144 |
|
Texas Instruments, Inc. |
3,941,000 |
135,452 |
|
Volterra Semiconductor Corp. (a) |
58,305 |
895 |
|
|
2,568,120 |
||
Software - 9.4% |
|||
Activision Blizzard, Inc. |
6,924,776 |
99,024 |
|
Adobe Systems, Inc. (a) |
668,236 |
26,262 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
INFORMATION TECHNOLOGY - continued |
|||
Software - continued |
|||
Citrix Systems, Inc. (a) |
954,677 |
$ 67,687 |
|
Electronic Arts, Inc. (a) |
300,000 |
5,259 |
|
Guidewire Software, Inc. (a) |
1,525,000 |
55,739 |
|
Intuit, Inc. |
685,000 |
44,169 |
|
Jive Software, Inc. (a)(d) |
1,830,400 |
30,348 |
|
Microsoft Corp. |
10,770,000 |
299,406 |
|
Nuance Communications, Inc. (a) |
1,580,000 |
29,088 |
|
Oracle Corp. |
6,925,000 |
237,251 |
|
QLIK Technologies, Inc. (a)(e) |
6,382,742 |
165,951 |
|
Red Hat, Inc. (a)(e) |
15,218,586 |
773,256 |
|
salesforce.com, Inc. (a)(e) |
10,754,203 |
1,819,826 |
|
ServiceNow, Inc. (d) |
1,633,400 |
53,036 |
|
SolarWinds, Inc. (a) |
3,690,000 |
208,337 |
|
Solera Holdings, Inc. |
460,963 |
25,952 |
|
Splunk, Inc. |
1,931,300 |
69,778 |
|
TiVo, Inc. (a)(e) |
8,074,576 |
100,044 |
|
VMware, Inc. Class A (a) |
417,533 |
29,991 |
|
Workday, Inc. |
726,700 |
40,179 |
|
|
4,180,583 |
||
TOTAL INFORMATION TECHNOLOGY |
15,045,249 |
||
MATERIALS - 2.5% |
|||
Chemicals - 2.3% |
|||
CF Industries Holdings, Inc. |
46,785 |
9,396 |
|
E.I. du Pont de Nemours & Co. |
3,940,000 |
188,726 |
|
Eastman Chemical Co. |
555,000 |
38,700 |
|
Monsanto Co. |
7,319,978 |
739,537 |
|
The Dow Chemical Co. |
1,000,000 |
31,720 |
|
|
1,008,079 |
||
Metals & Mining - 0.2% |
|||
Alcoa, Inc. |
1,650,000 |
14,058 |
|
Barrick Gold Corp. |
54,000 |
1,637 |
|
Fortescue Metals Group Ltd. (d) |
13,372,802 |
64,474 |
|
Mongolian Mining Corp. (a) |
25,802,500 |
11,045 |
|
Nucor Corp. |
200,000 |
9,010 |
|
|
100,224 |
||
TOTAL MATERIALS |
1,108,303 |
||
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
TELECOMMUNICATION SERVICES - 0.5% |
|||
Diversified Telecommunication Services - 0.3% |
|||
Verizon Communications, Inc. |
3,032,900 |
$ 141,121 |
|
Wireless Telecommunication Services - 0.2% |
|||
Sprint Nextel Corp. (a) |
14,865,000 |
86,217 |
|
TOTAL TELECOMMUNICATION SERVICES |
227,338 |
||
TOTAL COMMON STOCKS (Cost $27,779,680) |
|
||
Preferred Stocks - 0.2% |
|||
|
|
|
|
Convertible Preferred Stocks - 0.1% |
|||
HEALTH CARE - 0.1% |
|||
Biotechnology - 0.1% |
|||
Ariosa Diagnostics (a)(h) |
827,814 |
5,000 |
|
bluebird bio (h) |
9,767,944 |
4,867 |
|
Intarcia Therapeutics, Inc. (h) |
1,051,411 |
14,331 |
|
|
24,198 |
||
Health Care Technology - 0.0% |
|||
Castlight Health, Inc. Series D (a)(h) |
2,070,648 |
14,495 |
|
Pharmaceuticals - 0.0% |
|||
Agios Pharmaceuticals, Inc. Series C (a)(h) |
2,036,659 |
10,002 |
|
Concert Pharmaceuticals, Inc. Series C, 6.00% (a)(h) |
4,000,000 |
7,160 |
|
|
17,162 |
||
TOTAL HEALTH CARE |
55,855 |
||
Nonconvertible Preferred Stocks - 0.1% |
|||
CONSUMER DISCRETIONARY - 0.1% |
|||
Automobiles - 0.1% |
|||
Volkswagen AG |
70,000 |
15,285 |
|
TOTAL PREFERRED STOCKS (Cost $68,093) |
|
||
Money Market Funds - 4.0% |
|||
Shares |
Value (000s) |
||
Fidelity Cash Central Fund, 0.16% (b) |
27 |
$ 0* |
|
Fidelity Securities Lending Cash Central Fund,0.16% (b)(c) |
1,767,048,418 |
|
|
TOTAL INVESTMENT PORTFOLIO - 103.8% (Cost $29,614,821) |
45,932,741 |
||
NET OTHER ASSETS (LIABILITIES) - (3.8)% |
(1,663,748) |
||
NET ASSETS - 100% |
$ 44,268,993 |
Legend |
(a) Non-income producing |
(b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(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 $4,117,000 or 0.0% of net assets. |
(g) Investment is owned by an entity that is treated as a corporation for U.S. tax purposes and 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 $101,011,000 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 |
C. Wonder LLC |
12/27/12 |
$ 17,500 |
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 |
Intarcia Therapeutics, Inc. |
11/14/12 |
$ 14,331 |
Tory Burch LLC |
12/31/12 |
$ 17,505 |
* Amount represents less than $1,000 |
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 |
$ 21 |
Fidelity Securities Lending Cash Central Fund |
5,566 |
Total |
$ 5,587 |
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, |
Alkermes PLC |
$ 253,053 |
$ 2,859 |
$ - |
$ - |
$ 287,309 |
Alnylam Pharmaceuticals, Inc. |
66,565 |
7,715 |
- |
- |
101,762 |
Applied Micro Circuits Corp. |
42,462 |
2,551 |
- |
- |
51,927 |
Cepheid, Inc. |
159,589 |
- |
53,694 |
- |
122,410 |
Chuys Holdings, Inc. |
35,427 |
2,195 |
- |
- |
45,383 |
Clovis Oncology, Inc. |
33,113 |
3,688 |
- |
- |
44,749 |
Cree, Inc. |
367,213 |
- |
- |
- |
514,052 |
Cypress Semiconductor Corp. |
158,271 |
- |
- |
- |
164,197 |
Elan Corp. PLC sponsored ADR |
376,187 |
- |
5,360 |
- |
421,781 |
Exelixis, Inc. |
84,573 |
1,049 |
- |
- |
79,908 |
Fossil, Inc. |
497,354 |
- |
- |
- |
591,312 |
Francescas Holdings Corp. |
96,789 |
5,837 |
- |
- |
99,977 |
Fresh Market, Inc. |
126,904 |
- |
- |
- |
114,148 |
Fusion-io, Inc. |
215,384 |
6,497 |
- |
- |
161,381 |
Green Mountain Coffee Roasters, Inc. |
246,512 |
58,077 |
- |
- |
385,478 |
Herbalife Ltd. |
496,486 |
11,653 |
35,016 |
- |
400,894 |
Home Inns & Hotels Management, Inc. sponsored ADR |
74,592 |
- |
- |
- |
80,975 |
ICG Group, Inc. |
42,091 |
- |
- |
- |
49,188 |
ImmunoGen, Inc. |
105,959 |
484 |
- |
- |
127,207 |
Immunomedics, Inc. |
24,008 |
- |
- |
- |
17,310 |
Infinera Corp. |
62,562 |
28 |
- |
- |
72,796 |
Affiliates |
Value, |
Purchases |
Sales |
Dividend |
Value, |
Insulet Corp. |
$ 84,648 |
$ 7,945 |
$ - |
$ - |
$ 95,681 |
Isis Pharmaceuticals, Inc. |
92,150 |
1,328 |
- |
- |
148,709 |
JetBlue Airways Corp. |
94,756 |
- |
- |
- |
111,716 |
K12, Inc. |
34,833 |
- |
- |
- |
41,909 |
Lexicon Pharmaceuticals, Inc. |
87,605 |
182 |
- |
- |
100,521 |
lululemon athletica, Inc. |
869,765 |
- |
- |
- |
812,452 |
Lumber Liquidators Holdings, Inc. |
146,824 |
- |
- |
- |
161,895 |
MAP Pharmaceuticals, Inc. |
55,893 |
158 |
- |
- |
87,912 |
Mellanox Technologies Ltd. |
308,376 |
- |
- |
- |
223,116 |
Merrimack Pharmaceuticals, Inc. |
41,906 |
3,476 |
- |
- |
41,168 |
Metabolix, Inc. |
2,899 |
- |
- |
- |
6,235 |
NPS Pharmaceuticals, Inc. |
78,422 |
8,159 |
- |
- |
68,531 |
NVIDIA Corp. |
577,201 |
26,176 |
- |
3,770 |
636,740 |
PrivateBancorp, Inc. |
71,583 |
345 |
- |
44 |
78,597 |
Prothena Corp. PLC |
- |
- |
- |
- |
5,672 |
QLIK Technologies, Inc. |
158,561 |
- |
38,576 |
- |
165,951 |
Rambus, Inc. |
56,027 |
- |
- |
- |
64,620 |
Red Hat, Inc. |
751,798 |
- |
- |
- |
773,256 |
Regeneron Pharmaceuticals, Inc. |
1,433,871 |
- |
73,995 |
- |
1,284,499 |
Rigel Pharmaceuticals, Inc. |
61,337 |
9,568 |
- |
- |
58,853 |
salesforce.com, Inc. |
1,671,883 |
25,201 |
- |
- |
1,819,826 |
Seattle Genetics, Inc. |
299,180 |
2,399 |
- |
- |
335,129 |
Silicon Graphics International Corp. |
26,926 |
1,059 |
- |
- |
49,406 |
Silicon Laboratories, Inc. |
192,400 |
- |
- |
- |
191,020 |
SodaStream International Ltd. |
79,374 |
- |
- |
- |
94,719 |
TiVo, Inc. |
94,473 |
- |
- |
- |
100,044 |
Transition Therapeutics, Inc. |
5,738 |
- |
- |
- |
4,921 |
Universal Display Corp. |
85,870 |
- |
- |
- |
112,840 |
Volterra Semiconductor Corp. |
22,684 |
- |
20,395 |
- |
- |
Total |
$ 11,052,077 |
$ 188,629 |
$ 227,036 |
$ 3,814 |
$ 11,610,082 |
Other Information |
The following is a summary of the inputs used, as of February 28, 2013, 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 |
$ 7,227,731 |
$ 7,163,555 |
$ 29,171 |
$ 35,005 |
Consumer Staples |
5,059,063 |
5,059,063 |
- |
- |
Energy |
2,267,225 |
2,267,225 |
- |
- |
Financials |
2,137,211 |
2,137,211 |
- |
- |
Health Care |
7,771,522 |
7,715,516 |
- |
56,006 |
Industrials |
3,322,051 |
3,322,051 |
- |
- |
Information Technology |
15,045,249 |
15,035,249 |
- |
10,000 |
Materials |
1,108,303 |
1,108,303 |
- |
- |
Telecommunication Services |
227,338 |
227,338 |
- |
- |
Money Market Funds |
1,767,048 |
1,767,048 |
- |
- |
Total Investments in Securities: |
$ 45,932,741 |
$ 45,802,559 |
$ 29,171 |
$ 101,011 |
Income Tax Information |
At February 28, 2013, the cost of investment securities for income tax purposes was $29,684,908,000. Net unrealized appreciation aggregated $16,247,833,000, of which $17,942,763,000 related to appreciated investment securities and $1,694,930,000 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 vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Fidelity Management & Research Company (FMR) Fair Value Committee (the Committee), in accordance with procedures adopted by the Fund's Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and 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 generally 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
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 |
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Kenneth B. Robins |
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President and Treasurer |
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Date: |
April 29, 2013 |
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 |
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Date: |
April 29, 2013 |
By: |
/s/Christine Reynolds |
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Christine Reynolds |
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Chief Financial Officer |
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Date: |
April 29, 2013 |
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: Apri1 29, 2013
/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: Apri1 29, 2013
/s/Christine Reynolds |
Christine Reynolds |
Chief Financial Officer |