NPORT-EX 2 QTLY_2952_20200831.htm

Quarterly Holdings Report
for

Fidelity® Growth Strategies K6 Fund

August 31, 2020







FEGK6-QTLY-1020
1.9883992.103





Schedule of Investments August 31, 2020 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.5%   
 Shares Value 
COMMUNICATION SERVICES - 4.3%   
Entertainment - 2.9%   
Electronic Arts, Inc. (a) 12,600 $1,757,322 
Take-Two Interactive Software, Inc. (a) 20,900 3,577,871 
  5,335,193 
Interactive Media & Services - 1.4%   
Match Group, Inc. (a) 24,200 2,702,656 
TOTAL COMMUNICATION SERVICES  8,037,849 
CONSUMER DISCRETIONARY - 8.7%   
Distributors - 1.2%   
Pool Corp. 6,725 2,204,724 
Diversified Consumer Services - 0.4%   
Service Corp. International 14,300 652,795 
Hotels, Restaurants & Leisure - 0.6%   
Domino's Pizza, Inc. 2,900 1,185,984 
Household Durables - 0.6%   
D.R. Horton, Inc. 6,500 463,905 
Lennar Corp. Class A 3,695 276,460 
NVR, Inc. (a) 100 416,834 
  1,157,199 
Internet & Direct Marketing Retail - 0.9%   
eBay, Inc. 29,800 1,632,444 
Multiline Retail - 1.9%   
Dollar General Corp. 17,900 3,613,652 
Specialty Retail - 3.1%   
AutoZone, Inc. (a) 2,100 2,512,251 
Best Buy Co., Inc. 15,200 1,685,832 
O'Reilly Automotive, Inc. (a) 3,300 1,536,579 
  5,734,662 
TOTAL CONSUMER DISCRETIONARY  16,181,460 
CONSUMER STAPLES - 5.6%   
Beverages - 0.8%   
Brown-Forman Corp. Class B (non-vtg.) 21,500 1,573,155 
Food & Staples Retailing - 0.7%   
Grocery Outlet Holding Corp. (a) 1,300 53,469 
Kroger Co. 35,696 1,273,633 
  1,327,102 
Food Products - 0.9%   
The Hershey Co. 10,800 1,605,312 
Household Products - 2.8%   
Church & Dwight Co., Inc. 28,194 2,701,831 
Clorox Co. 7,500 1,676,250 
Reynolds Consumer Products, Inc. 25,800 857,334 
  5,235,415 
Personal Products - 0.4%   
BellRing Brands, Inc. Class A (a) 18,000 349,920 
Estee Lauder Companies, Inc. Class A 1,772 392,888 
  742,808 
TOTAL CONSUMER STAPLES  10,483,792 
FINANCIALS - 7.1%   
Capital Markets - 5.4%   
E*TRADE Financial Corp. 17,600 952,160 
MarketAxess Holdings, Inc. 5,300 2,575,482 
Moody's Corp. 4,300 1,266,952 
MSCI, Inc. 11,600 4,329,932 
S&P Global, Inc. 2,400 879,408 
Tradeweb Markets, Inc. Class A 1,218 69,779 
  10,073,713 
Insurance - 1.7%   
Arthur J. Gallagher & Co. 9,100 958,230 
Primerica, Inc. 7,100 886,435 
Progressive Corp. 7,413 704,532 
RenaissanceRe Holdings Ltd. 3,200 587,968 
  3,137,165 
TOTAL FINANCIALS  13,210,878 
HEALTH CARE - 20.4%   
Biotechnology - 0.8%   
Sarepta Therapeutics, Inc. (a) 9,500 1,390,990 
Health Care Equipment & Supplies - 11.5%   
DexCom, Inc. (a) 10,001 4,254,525 
Edwards Lifesciences Corp. (a) 9,100 781,144 
Hologic, Inc. (a) 28,200 1,684,104 
IDEXX Laboratories, Inc. (a) 4,000 1,564,240 
Intuitive Surgical, Inc. (a) 800 584,672 
Masimo Corp. (a) 8,951 2,005,024 
Quidel Corp. (a) 7,047 1,239,990 
ResMed, Inc. 27,900 5,043,762 
Teleflex, Inc. 1,971 774,504 
West Pharmaceutical Services, Inc. 12,300 3,492,708 
  21,424,673 
Health Care Providers & Services - 1.8%   
Centene Corp. (a) 49,000 3,004,680 
Laboratory Corp. of America Holdings (a) 1,600 281,200 
  3,285,880 
Health Care Technology - 1.8%   
Veeva Systems, Inc. Class A (a) 11,800 3,330,786 
Life Sciences Tools & Services - 3.3%   
Charles River Laboratories International, Inc. (a) 12,500 2,736,875 
Mettler-Toledo International, Inc. (a) 3,400 3,300,652 
WuXi AppTec Co. Ltd. (H Shares) (b) 6,500 96,090 
  6,133,617 
Pharmaceuticals - 1.2%   
Horizon Therapeutics PLC (a) 19,400 1,457,328 
Royalty Pharma PLC 19,000 786,220 
  2,243,548 
TOTAL HEALTH CARE  37,809,494 
INDUSTRIALS - 15.8%   
Aerospace & Defense - 1.2%   
HEICO Corp. Class A 5,900 527,342 
TransDigm Group, Inc. 3,500 1,748,845 
  2,276,187 
Air Freight & Logistics - 0.4%   
C.H. Robinson Worldwide, Inc. 7,200 707,760 
Airlines - 0.6%   
Southwest Airlines Co. 27,800 1,044,724 
Building Products - 2.0%   
Carrier Global Corp. 48,300 1,441,755 
Fortune Brands Home & Security, Inc. 8,500 714,680 
The AZEK Co., Inc. 28,000 1,105,440 
Trex Co., Inc. (a) 2,600 388,674 
  3,650,549 
Commercial Services & Supplies - 3.2%   
Cintas Corp. 10,700 3,565,668 
Copart, Inc. (a) 23,100 2,386,692 
  5,952,360 
Electrical Equipment - 1.6%   
AMETEK, Inc. 11,800 1,188,260 
Rockwell Automation, Inc. 7,800 1,798,134 
  2,986,394 
Industrial Conglomerates - 0.5%   
Roper Technologies, Inc. 2,200 939,818 
Machinery - 2.6%   
IDEX Corp. 6,900 1,243,587 
Nordson Corp. 5,400 1,007,046 
Otis Worldwide Corp. 21,500 1,352,350 
Toro Co. 16,000 1,204,480 
  4,807,463 
Professional Services - 2.6%   
CoStar Group, Inc. (a) 1,400 1,188,040 
Dun & Bradstreet Holdings, Inc. (a) 16,100 408,296 
IHS Markit Ltd. 16,600 1,326,672 
Verisk Analytics, Inc. 10,600 1,978,702 
  4,901,710 
Road & Rail - 1.1%   
Old Dominion Freight Lines, Inc. 10,100 2,042,018 
TOTAL INDUSTRIALS  29,308,983 
INFORMATION TECHNOLOGY - 34.0%   
Electronic Equipment & Components - 3.5%   
Amphenol Corp. Class A 24,000 2,635,200 
Keysight Technologies, Inc. (a) 19,200 1,891,584 
Zebra Technologies Corp. Class A (a) 6,700 1,919,751 
  6,446,535 
IT Services - 8.1%   
Adyen BV (a)(b) 106 178,679 
Black Knight, Inc. (a) 15,163 1,275,208 
Booz Allen Hamilton Holding Corp. Class A 25,900 2,280,754 
EPAM Systems, Inc. (a) 9,700 3,172,870 
Fiserv, Inc. (a) 3,500 348,530 
Global Payments, Inc. 3,300 582,846 
Okta, Inc. (a) 7,930 1,707,884 
Twilio, Inc. Class A (a) 6,500 1,753,440 
VeriSign, Inc. (a) 17,100 3,673,080 
  14,973,291 
Semiconductors & Semiconductor Equipment - 6.0%   
Analog Devices, Inc. 4,600 537,648 
Broadcom, Inc. 1,100 381,865 
Entegris, Inc. 32,300 2,160,547 
KLA-Tencor Corp. 17,900 3,672,006 
Lam Research Corp. 7,200 2,421,648 
NXP Semiconductors NV 5,800 729,408 
Skyworks Solutions, Inc. 4,900 709,765 
SolarEdge Technologies, Inc. (a) 2,500 552,875 
  11,165,762 
Software - 16.4%   
Adobe, Inc. (a) 1,500 770,085 
ANSYS, Inc. (a) 9,100 3,084,991 
Atlassian Corp. PLC (a) 11,500 2,205,240 
Cadence Design Systems, Inc. (a) 33,535 3,719,367 
Coupa Software, Inc. (a) 4,900 1,605,926 
Duck Creek Technologies, Inc. (a) 200 7,798 
Dynatrace, Inc. 29,600 1,309,208 
Fair Isaac Corp. (a) 3,200 1,346,528 
Five9, Inc. (a) 12,400 1,580,256 
Fortinet, Inc. (a) 25,300 3,339,727 
Intuit, Inc. 1,695 585,436 
Paycom Software, Inc. (a) 6,700 2,006,382 
RingCentral, Inc. (a) 11,106 3,229,292 
Slack Technologies, Inc. Class A (a)(c) 26,750 878,470 
Synopsys, Inc. (a) 10,400 2,301,520 
The Trade Desk, Inc. (a) 5,400 2,599,020 
  30,569,246 
TOTAL INFORMATION TECHNOLOGY  63,154,834 
MATERIALS - 0.4%   
Chemicals - 0.4%   
Sherwin-Williams Co. 988 662,997 
REAL ESTATE - 2.2%   
Equity Real Estate Investment Trusts (REITs) - 2.2%   
CoreSite Realty Corp. 2,116 259,104 
Equity Lifestyle Properties, Inc. 26,100 1,730,169 
SBA Communications Corp. Class A 6,600 2,020,062 
  4,009,335 
TOTAL COMMON STOCKS   
(Cost $121,056,806)  182,859,622 
Money Market Funds - 2.2%   
Fidelity Cash Central Fund 0.12% (d) 3,478,426 3,479,122 
Fidelity Securities Lending Cash Central Fund 0.11% (d)(e) 671,374 671,441 
TOTAL MONEY MARKET FUNDS   
(Cost $4,150,563)  4,150,563 
TOTAL INVESTMENT IN SECURITIES - 100.7%   
(Cost $125,207,369)  187,010,185 
NET OTHER ASSETS (LIABILITIES) - (0.7)%  (1,316,065) 
NET ASSETS - 100%  $185,694,120 

Legend

 (a) Non-income producing

 (b) 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 $274,769 or 0.1% of net assets.

 (c) Security or a portion of the security is on loan at period end.

 (d) 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.

 (e) Investment made with cash collateral received from securities on loan.

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 $20,704 
Fidelity Securities Lending Cash Central Fund 1,294 
Total $21,998 

Amounts in the income column in the above table include any capital gain distributions from underlying funds. Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.

Investment Valuation

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The 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 market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy. 

Investments in 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 significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

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