Common Stocks - 94.7%
|
|||
Shares
|
Value ($)
(000s)
|
||
COMMUNICATION SERVICES - 3.9%
|
|||
Diversified Telecommunication Services - 1.0%
|
|||
Verizon Communications, Inc.
|
557,500
|
23,309
|
|
Entertainment - 0.5%
|
|||
Endeavor Group Holdings, Inc. (a)
|
557,217
|
12,604
|
|
Interactive Media & Services - 0.9%
|
|||
Alphabet, Inc. Class A (a)
|
196,000
|
21,211
|
|
Media - 1.5%
|
|||
Comcast Corp. Class A
|
1,025,900
|
37,127
|
|
TOTAL COMMUNICATION SERVICES
|
94,251
|
||
CONSUMER DISCRETIONARY - 7.2%
|
|||
Auto Components - 0.9%
|
|||
American Axle & Manufacturing Holdings, Inc. (a)
|
842,100
|
8,716
|
|
Aptiv PLC (a)
|
73,600
|
6,876
|
|
Magna International, Inc. Class A
|
99,400
|
5,738
|
|
21,330
|
|||
Automobiles - 0.7%
|
|||
Aston Martin Lagonda Global Holdings PLC (a)(b)(c)
|
487,479
|
2,524
|
|
General Motors Co.
|
349,100
|
13,339
|
|
15,863
|
|||
Hotels, Restaurants & Leisure - 1.0%
|
|||
Booking Holdings, Inc. (a)
|
7,200
|
13,506
|
|
Churchill Downs, Inc.
|
56,800
|
11,195
|
|
24,701
|
|||
Household Durables - 0.6%
|
|||
Mohawk Industries, Inc. (a)
|
69,400
|
7,659
|
|
NVR, Inc. (a)
|
1,710
|
7,080
|
|
14,739
|
|||
Internet & Direct Marketing Retail - 0.9%
|
|||
Coupang, Inc. Class A (a)(b)
|
736,906
|
12,454
|
|
eBay, Inc.
|
207,400
|
9,153
|
|
21,607
|
|||
Leisure Products - 0.1%
|
|||
Peloton Interactive, Inc. Class A (a)(b)
|
222,016
|
2,262
|
|
Specialty Retail - 0.9%
|
|||
Best Buy Co., Inc.
|
104,400
|
7,380
|
|
Industria de Diseno Textil SA
|
598,800
|
12,929
|
|
20,309
|
|||
Textiles, Apparel & Luxury Goods - 2.1%
|
|||
Brunello Cucinelli SpA
|
545,800
|
28,412
|
|
PVH Corp.
|
106,100
|
5,968
|
|
Ralph Lauren Corp.
|
64,300
|
5,873
|
|
Tapestry, Inc.
|
318,400
|
11,058
|
|
51,311
|
|||
TOTAL CONSUMER DISCRETIONARY
|
172,122
|
||
CONSUMER STAPLES - 3.1%
|
|||
Beverages - 1.8%
|
|||
Boston Beer Co., Inc. Class A (a)
|
17,400
|
5,865
|
|
Diageo PLC sponsored ADR
|
63,900
|
11,271
|
|
The Coca-Cola Co.
|
414,700
|
25,591
|
|
42,727
|
|||
Food & Staples Retailing - 1.1%
|
|||
Walmart, Inc.
|
192,700
|
25,542
|
|
Food Products - 0.2%
|
|||
Greencore Group PLC (a)
|
4,934,761
|
4,876
|
|
TOTAL CONSUMER STAPLES
|
73,145
|
||
ENERGY - 18.2%
|
|||
Energy Equipment & Services - 1.4%
|
|||
Noble Corp. (c)
|
1,334
|
40
|
|
Oceaneering International, Inc. (a)
|
504,852
|
4,468
|
|
Odfjell Drilling Ltd. (a)
|
3,729,024
|
10,150
|
|
Odfjell Technology Ltd. (a)
|
621,504
|
1,545
|
|
Schlumberger Ltd.
|
399,200
|
15,229
|
|
Technip Energies NV ADR
|
58,160
|
724
|
|
TechnipFMC PLC (a)
|
291,100
|
2,381
|
|
34,537
|
|||
Oil, Gas & Consumable Fuels - 16.8%
|
|||
Canadian Natural Resources Ltd.
|
626,400
|
34,340
|
|
Cheniere Energy, Inc.
|
328,400
|
52,603
|
|
Energy Transfer LP
|
699,300
|
8,189
|
|
EQT Corp.
|
1,389,400
|
66,413
|
|
Exxon Mobil Corp.
|
1,005,100
|
96,081
|
|
Golar LNG Ltd. (a)
|
741,400
|
20,218
|
|
Harbour Energy PLC
|
558,916
|
3,097
|
|
Hess Corp.
|
494,500
|
59,726
|
|
Range Resources Corp.
|
460,900
|
15,145
|
|
The Williams Companies, Inc.
|
853,397
|
29,041
|
|
Valero Energy Corp.
|
152,400
|
17,849
|
|
402,702
|
|||
TOTAL ENERGY
|
437,239
|
||
FINANCIALS - 17.5%
|
|||
Banks - 6.3%
|
|||
Bank of America Corp.
|
1,285,500
|
43,206
|
|
Comerica, Inc.
|
151,000
|
12,125
|
|
HDFC Bank Ltd. sponsored ADR
|
140,700
|
8,590
|
|
PNC Financial Services Group, Inc.
|
215,400
|
34,033
|
|
Wells Fargo & Co.
|
1,207,400
|
52,775
|
|
150,729
|
|||
Capital Markets - 3.3%
|
|||
Goldman Sachs Group, Inc.
|
74,500
|
24,784
|
|
Morgan Stanley
|
282,200
|
24,049
|
|
Sixth Street Specialty Lending, Inc.
|
1,055,499
|
19,875
|
|
TPG, Inc. (b)
|
355,900
|
10,449
|
|
79,157
|
|||
Diversified Financial Services - 0.7%
|
|||
Equitable Holdings, Inc.
|
249,100
|
7,411
|
|
Housing Development Finance Corp. Ltd.
|
299,068
|
9,050
|
|
16,461
|
|||
Insurance - 6.0%
|
|||
American International Group, Inc.
|
895,800
|
46,358
|
|
Arch Capital Group Ltd. (a)
|
546,400
|
24,981
|
|
Chubb Ltd.
|
182,009
|
34,409
|
|
First American Financial Corp.
|
121,800
|
6,516
|
|
Hiscox Ltd.
|
639,207
|
6,667
|
|
MetLife, Inc.
|
317,300
|
20,412
|
|
RenaissanceRe Holdings Ltd.
|
33,000
|
4,464
|
|
143,807
|
|||
Thrifts & Mortgage Finance - 1.2%
|
|||
Radian Group, Inc.
|
1,360,423
|
28,719
|
|
TOTAL FINANCIALS
|
418,873
|
||
HEALTH CARE - 15.9%
|
|||
Biotechnology - 1.0%
|
|||
Amgen, Inc.
|
83,600
|
20,089
|
|
Day One Biopharmaceuticals, Inc. (a)
|
166,300
|
3,906
|
|
23,995
|
|||
Health Care Equipment & Supplies - 2.5%
|
|||
Becton, Dickinson & Co.
|
68,200
|
17,215
|
|
Boston Scientific Corp. (a)
|
395,700
|
15,951
|
|
Butterfly Network, Inc. (a)(d)
|
557,178
|
3,471
|
|
Butterfly Network, Inc. Class A (a)(b)
|
2,061,648
|
12,844
|
|
Embecta Corp.
|
13,640
|
435
|
|
Hologic, Inc. (a)
|
155,100
|
10,479
|
|
60,395
|
|||
Health Care Providers & Services - 5.6%
|
|||
Centene Corp. (a)
|
262,200
|
23,530
|
|
Cigna Corp.
|
93,300
|
26,446
|
|
Guardant Health, Inc. (a)
|
184,500
|
9,236
|
|
Henry Schein, Inc. (a)
|
227,700
|
16,715
|
|
LifeStance Health Group, Inc. (a)
|
586,000
|
3,686
|
|
Oak Street Health, Inc. (a)
|
359,633
|
9,422
|
|
UnitedHealth Group, Inc.
|
88,200
|
45,805
|
|
134,840
|
|||
Life Sciences Tools & Services - 0.1%
|
|||
10X Genomics, Inc. (a)
|
96,400
|
3,180
|
|
Pharmaceuticals - 6.7%
|
|||
Bristol-Myers Squibb Co.
|
929,200
|
62,637
|
|
Eli Lilly & Co.
|
160,100
|
48,227
|
|
Euroapi SASU (a)
|
5,313
|
83
|
|
Roche Holding AG (participation certificate)
|
52,080
|
16,782
|
|
Sanofi SA
|
122,200
|
9,990
|
|
UCB SA
|
64,200
|
4,523
|
|
Viatris, Inc.
|
1,785,900
|
17,055
|
|
159,297
|
|||
TOTAL HEALTH CARE
|
381,707
|
||
INDUSTRIALS - 12.2%
|
|||
Aerospace & Defense - 5.9%
|
|||
BWX Technologies, Inc.
|
202,700
|
10,567
|
|
General Dynamics Corp.
|
133,600
|
30,585
|
|
Huntington Ingalls Industries, Inc.
|
136,200
|
31,361
|
|
Northrop Grumman Corp.
|
59,300
|
28,345
|
|
Space Exploration Technologies Corp.:
|
|||
Class A (a)(d)(e)
|
585,890
|
41,012
|
|
Class C (a)(d)(e)
|
8,180
|
573
|
|
142,443
|
|||
Air Freight & Logistics - 0.2%
|
|||
GXO Logistics, Inc. (a)
|
101,400
|
4,500
|
|
Building Products - 0.4%
|
|||
Fortune Brands Home & Security, Inc.
|
118,500
|
7,279
|
|
Jeld-Wen Holding, Inc. (a)
|
237,600
|
2,649
|
|
9,928
|
|||
Construction & Engineering - 0.6%
|
|||
AECOM
|
118,500
|
8,668
|
|
Argan, Inc.
|
164,600
|
5,694
|
|
14,362
|
|||
Electrical Equipment - 0.4%
|
|||
Sensata Technologies, Inc. PLC
|
206,900
|
8,334
|
|
Industrial Conglomerates - 2.3%
|
|||
General Electric Co.
|
752,712
|
55,279
|
|
Machinery - 0.5%
|
|||
Donaldson Co., Inc.
|
121,700
|
6,249
|
|
Pentair PLC
|
138,900
|
6,181
|
|
12,430
|
|||
Marine - 0.2%
|
|||
Goodbulk Ltd. (a)(e)
|
959,290
|
4,157
|
|
Professional Services - 0.6%
|
|||
Leidos Holdings, Inc.
|
92,700
|
8,811
|
|
Science Applications International Corp.
|
72,000
|
6,557
|
|
15,368
|
|||
Road & Rail - 1.1%
|
|||
Hertz Global Holdings, Inc.
|
226,900
|
4,189
|
|
Knight-Swift Transportation Holdings, Inc. Class A
|
327,386
|
16,536
|
|
XPO Logistics, Inc. (a)
|
104,800
|
5,494
|
|
26,219
|
|||
TOTAL INDUSTRIALS
|
293,020
|
||
INFORMATION TECHNOLOGY - 6.2%
|
|||
Communications Equipment - 1.6%
|
|||
Cisco Systems, Inc.
|
663,000
|
29,649
|
|
Ericsson (B Shares)
|
1,170,800
|
8,756
|
|
38,405
|
|||
Electronic Equipment & Components - 0.7%
|
|||
Keysight Technologies, Inc. (a)
|
106,600
|
17,471
|
|
IT Services - 2.5%
|
|||
Akamai Technologies, Inc. (a)
|
117,200
|
10,581
|
|
Euronet Worldwide, Inc. (a)
|
58,700
|
5,204
|
|
Fidelity National Information Services, Inc.
|
113,800
|
10,398
|
|
Fiserv, Inc. (a)
|
1
|
0
|
|
Global Payments, Inc.
|
48,300
|
6,000
|
|
Visa, Inc. Class A
|
134,900
|
26,806
|
|
58,989
|
|||
Semiconductors & Semiconductor Equipment - 1.4%
|
|||
Analog Devices, Inc.
|
82,500
|
12,501
|
|
Intel Corp.
|
466,200
|
14,881
|
|
Skyworks Solutions, Inc.
|
55,300
|
5,450
|
|
32,832
|
|||
TOTAL INFORMATION TECHNOLOGY
|
147,697
|
||
MATERIALS - 4.4%
|
|||
Chemicals - 1.3%
|
|||
Cabot Corp.
|
115,000
|
8,277
|
|
LG Chemical Ltd.
|
20,230
|
9,432
|
|
Nutrien Ltd.
|
154,120
|
14,149
|
|
31,858
|
|||
Containers & Packaging - 1.1%
|
|||
Avery Dennison Corp.
|
54,900
|
10,081
|
|
O-I Glass, Inc. (a)
|
1,174,500
|
15,280
|
|
25,361
|
|||
Metals & Mining - 2.0%
|
|||
Franco-Nevada Corp.
|
133,400
|
16,038
|
|
Freeport-McMoRan, Inc.
|
703,600
|
20,827
|
|
Newcrest Mining Ltd.
|
408,709
|
4,913
|
|
Novagold Resources, Inc. (a)
|
1,383,780
|
6,111
|
|
47,889
|
|||
TOTAL MATERIALS
|
105,108
|
||
REAL ESTATE - 2.7%
|
|||
Equity Real Estate Investment Trusts (REITs) - 2.6%
|
|||
Cousins Properties, Inc.
|
186,288
|
5,002
|
|
Gaming & Leisure Properties
|
262,183
|
12,656
|
|
Healthcare Trust of America, Inc.
|
235,700
|
5,732
|
|
Orion Office (REIT), Inc.
|
10,680
|
105
|
|
Realty Income Corp.
|
106,807
|
7,293
|
|
Simon Property Group, Inc.
|
74,100
|
7,557
|
|
Spirit Realty Capital, Inc.
|
260,560
|
10,644
|
|
VICI Properties, Inc.
|
428,600
|
14,140
|
|
63,129
|
|||
Real Estate Management & Development - 0.1%
|
|||
WeWork, Inc. (a)(b)
|
673,800
|
2,763
|
|
TOTAL REAL ESTATE
|
65,892
|
||
UTILITIES - 3.4%
|
|||
Electric Utilities - 2.2%
|
|||
Duke Energy Corp.
|
230,300
|
24,621
|
|
FirstEnergy Corp.
|
219,500
|
8,681
|
|
Southern Co.
|
259,200
|
19,977
|
|
53,279
|
|||
Independent Power and Renewable Electricity Producers - 1.2%
|
|||
The AES Corp.
|
591,800
|
15,061
|
|
Vistra Corp.
|
521,400
|
12,905
|
|
27,966
|
|||
TOTAL UTILITIES
|
81,245
|
||
TOTAL COMMON STOCKS
(Cost $1,745,659)
|
2,270,299
|
||
Convertible Preferred Stocks - 1.7%
|
|||
Shares
|
Value ($)
(000s)
|
||
CONSUMER DISCRETIONARY - 0.4%
|
|||
Textiles, Apparel & Luxury Goods - 0.4%
|
|||
Bolt Threads, Inc.:
|
|||
Series D (a)(d)(e)
|
390,327
|
4,145
|
|
Series E (d)(e)
|
522,488
|
5,549
|
|
9,694
|
|||
CONSUMER STAPLES - 0.2%
|
|||
Food Products - 0.2%
|
|||
Bowery Farming, Inc. Series C1 (a)(d)(e)
|
161,754
|
4,948
|
|
HEALTH CARE - 0.6%
|
|||
Biotechnology - 0.6%
|
|||
National Resilience, Inc. Series B (a)(d)(e)
|
243,347
|
14,778
|
|
INDUSTRIALS - 0.5%
|
|||
Aerospace & Defense - 0.3%
|
|||
Space Exploration Technologies Corp. Series H (a)(d)(e)
|
7,570
|
5,299
|
|
Construction & Engineering - 0.2%
|
|||
Beta Technologies, Inc. Series B, 6.00% (d)(e)
|
49,853
|
5,143
|
|
TOTAL INDUSTRIALS
|
10,442
|
||
TOTAL CONVERTIBLE PREFERRED STOCKS
(Cost $34,720)
|
39,862
|
||
Other - 0.1%
|
|||
Shares
|
Value ($)
(000s)
|
||
Energy - Oil, Gas & Consumable Fuels - 0.1%
|
|||
Utica Shale Drilling Program (non-operating revenue interest) (a)(d)(e)(f)
(Cost $8,049)
|
6,453,248
|
3,024
|
|
Money Market Funds - 4.5%
|
|||
Shares
|
Value ($)
(000s)
|
||
Fidelity Cash Central Fund 2.33% (g)
|
78,901,908
|
78,918
|
|
Fidelity Securities Lending Cash Central Fund 2.34% (g)(h)
|
28,772,614
|
28,775
|
|
TOTAL MONEY MARKET FUNDS
(Cost $107,693)
|
107,693
|
||
TOTAL INVESTMENT IN SECURITIES - 101.0%
(Cost $1,896,121)
|
2,420,878
|
NET OTHER ASSETS (LIABILITIES) - (1.0)%
|
(24,630)
|
NET ASSETS - 100.0%
|
2,396,248
|
(a)
|
Non-income producing
|
(b)
|
Security or a portion of the security is on loan at period end.
|
(c)
|
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 $2,564,000 or 0.1% of net assets.
|
(d)
|
Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $87,942,000 or 3.7% of net assets.
|
(e)
|
Level 3 security
|
(f)
|
Investment is owned by a wholly-owned subsidiary (Subsidiary) that is treated as a corporation for U.S. tax purposes.
|
(g)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
|
(h)
|
Investment made with cash collateral received from securities on loan.
|
Additional information on each restricted holding is as follows:
|
||
Security
|
Acquisition Date
|
Acquisition Cost ($)
(000s)
|
Beta Technologies, Inc. Series B, 6.00%
|
4/04/22
|
5,143
|
Bolt Threads, Inc. Series D
|
12/13/17
|
6,261
|
Bolt Threads, Inc. Series E
|
2/07/20 - 9/02/21
|
9,224
|
Bowery Farming, Inc. Series C1
|
5/18/21
|
9,746
|
Butterfly Network, Inc.
|
2/12/21
|
5,572
|
National Resilience, Inc. Series B
|
12/01/20
|
3,324
|
Space Exploration Technologies Corp. Class A
|
4/08/16 - 9/11/17
|
5,980
|
Space Exploration Technologies Corp. Class C
|
9/11/17
|
110
|
Space Exploration Technologies Corp. Series H
|
8/04/17
|
1,022
|
Utica Shale Drilling Program (non-operating revenue interest)
|
10/05/16 - 12/16/20
|
8,049
|
Affiliate (Amounts in thousands)
|
Value,
beginning
of period ($)
|
Purchases ($)
|
Sales
Proceeds ($)
|
Dividend
Income ($)
|
Realized
Gain (loss) ($)
|
Change in
Unrealized
appreciation
(depreciation) ($)
|
Value,
end
of period ($)
|
%ownership,
end
of period
|
Fidelity Cash Central Fund 2.33%
|
23,004
|
301,865
|
245,951
|
407
|
-
|
-
|
78,918
|
0.2%
|
Fidelity Securities Lending Cash Central Fund 2.34%
|
36,767
|
338,479
|
346,471
|
228
|
-
|
-
|
28,775
|
0.1%
|
Total
|
59,771
|
640,344
|
592,422
|
635
|
-
|
-
|
107,693
|
|