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Smith Stacie M. Smith Stacie M. Smith President and Treasurer XXXX NPORT-EX 2 QTLY_3458_20230228.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Growth Company K6 Fund
February 28, 2023
GCF-K6-NPRT1-0423
1.9893922.103
Common Stocks - 98.2%
 
 
Shares
Value ($)
 
COMMUNICATION SERVICES - 6.2%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Verizon Communications, Inc.
 
8,608
334,076
Entertainment - 0.9%
 
 
 
Netflix, Inc. (a)
 
271,836
87,566,531
Roblox Corp. (a)
 
19,954
731,115
Roku, Inc. Class A (a)
 
127,881
8,272,622
The Walt Disney Co. (a)
 
55,747
5,552,959
 
 
 
102,123,227
Interactive Media & Services - 4.7%
 
 
 
Alphabet, Inc.:
 
 
 
 Class A (a)
 
3,948,777
355,626,857
 Class C (a)
 
1,597,548
144,258,584
Epic Games, Inc. (a)(b)(c)
 
5,000
3,729,850
Meta Platforms, Inc. Class A (a)
 
160,430
28,065,624
Snap, Inc. Class A (a)
 
631,984
6,414,638
 
 
 
538,095,553
Media - 0.0%
 
 
 
Comcast Corp. Class A
 
27,714
1,030,129
The Trade Desk, Inc. (a)
 
24,710
1,382,772
 
 
 
2,412,901
Wireless Telecommunication Services - 0.6%
 
 
 
T-Mobile U.S., Inc. (a)
 
508,447
72,290,994
TOTAL COMMUNICATION SERVICES
 
 
715,256,751
CONSUMER DISCRETIONARY - 19.8%
 
 
 
Auto Components - 0.0%
 
 
 
Mobileye Global, Inc. (d)
 
98,745
3,901,415
Automobiles - 2.2%
 
 
 
Rad Power Bikes, Inc. (a)(b)(c)
 
171,416
656,523
Rivian Automotive, Inc. (a)(d)
 
1,953,950
37,711,235
Tesla, Inc. (a)
 
1,028,027
211,475,434
 
 
 
249,843,192
Hotels, Restaurants & Leisure - 1.7%
 
 
 
Airbnb, Inc. Class A (a)
 
82,300
10,145,944
Booking Holdings, Inc. (a)
 
29,794
75,200,056
Chipotle Mexican Grill, Inc. (a)
 
12,055
17,974,969
Dutch Bros, Inc. (a)(d)
 
52,084
1,737,001
Expedia, Inc. (a)
 
97,799
10,657,157
Marriott International, Inc. Class A
 
108,268
18,323,276
McDonald's Corp.
 
858
226,435
Penn Entertainment, Inc. (a)
 
714,435
21,811,701
Shake Shack, Inc. Class A (a)
 
18,670
1,041,599
Sonder Holdings, Inc.:
 
 
 
 rights (a)(c)
 
5,104
1,582
 rights (a)(c)
 
5,104
1,327
 rights (a)(c)
 
5,104
1,072
 rights (a)(c)
 
5,104
919
 rights (a)(c)
 
5,103
765
 rights (a)(c)
 
5,102
663
Starbucks Corp.
 
169,398
17,293,842
Sweetgreen, Inc. Class A (a)
 
412,397
3,596,102
Trip.com Group Ltd. ADR (a)
 
223,746
7,954,170
Yum China Holdings, Inc.
 
187,634
11,019,745
 
 
 
196,988,325
Household Durables - 0.4%
 
 
 
Lennar Corp. Class A
 
462,027
44,696,492
PulteGroup, Inc.
 
190
10,387
Purple Innovation, Inc. (a)(d)
 
1,169,593
5,052,642
Toll Brothers, Inc.
 
17,400
1,042,956
 
 
 
50,802,477
Internet & Direct Marketing Retail - 5.8%
 
 
 
Alibaba Group Holding Ltd. sponsored ADR (a)
 
101,249
8,888,650
Amazon.com, Inc. (a)
 
5,563,658
524,263,493
Etsy, Inc. (a)
 
30,846
3,745,013
JD.com, Inc. sponsored ADR
 
46,355
2,060,016
Lyft, Inc. (a)
 
743,562
7,435,620
Ozon Holdings PLC ADR (a)(c)(d)
 
6,684
14,041
Pdd Holdings, Inc. ADR (a)
 
44,145
3,872,841
Revolve Group, Inc. (a)(d)
 
554,579
15,017,999
RumbleON, Inc. Class B (a)(d)
 
189,440
1,722,010
Uber Technologies, Inc. (a)
 
1,743,490
57,988,477
Vipshop Holdings Ltd. ADR (a)
 
299,510
4,459,704
Wayfair LLC Class A (a)(d)
 
997,541
40,390,435
Zomato Ltd. (a)
 
2,955,400
1,913,170
 
 
 
671,771,469
Multiline Retail - 0.7%
 
 
 
Dollar General Corp.
 
110,365
23,871,950
Dollar Tree, Inc. (a)
 
95,772
13,913,756
Ollie's Bargain Outlet Holdings, Inc. (a)
 
633,319
36,441,175
Target Corp.
 
73,085
12,314,823
 
 
 
86,541,704
Specialty Retail - 2.9%
 
 
 
Fanatics, Inc. Class A (a)(b)(c)
 
204,775
16,183,368
Five Below, Inc. (a)
 
75,487
15,421,994
Floor & Decor Holdings, Inc. Class A (a)(d)
 
90,124
8,274,284
Lowe's Companies, Inc.
 
404,083
83,140,077
RH (a)
 
40,321
12,057,189
Ross Stores, Inc.
 
123,763
13,680,762
The Home Depot, Inc.
 
310,070
91,948,158
TJX Companies, Inc.
 
1,250,768
95,808,829
 
 
 
336,514,661
Textiles, Apparel & Luxury Goods - 6.1%
 
 
 
Canada Goose Holdings, Inc. (a)
 
264,746
4,976,720
Crocs, Inc. (a)
 
207,541
25,259,815
Deckers Outdoor Corp. (a)
 
185,219
77,115,931
Li Ning Co. Ltd.
 
429,126
3,649,217
lululemon athletica, Inc. (a)
 
1,383,025
427,631,330
NIKE, Inc. Class B
 
373,057
44,315,441
On Holding AG (a)
 
1,472,731
32,208,627
Skechers U.S.A., Inc. Class A (sub. vtg.) (a)
 
1,952,540
86,907,555
 
 
 
702,064,636
TOTAL CONSUMER DISCRETIONARY
 
 
2,298,427,879
CONSUMER STAPLES - 3.7%
 
 
 
Beverages - 1.6%
 
 
 
Celsius Holdings, Inc. (a)
 
99,387
9,024,340
Constellation Brands, Inc. Class A (sub. vtg.)
 
10,005
2,238,119
Keurig Dr. Pepper, Inc.
 
589,400
20,363,770
Monster Beverage Corp. (a)
 
393,100
40,001,856
PepsiCo, Inc.
 
230,163
39,940,185
The Coca-Cola Co.
 
1,285,122
76,477,610
 
 
 
188,045,880
Food & Staples Retailing - 0.8%
 
 
 
Costco Wholesale Corp.
 
110,081
53,299,019
Kroger Co.
 
212,585
9,170,917
Performance Food Group Co. (a)
 
76,845
4,348,659
Sysco Corp.
 
152,581
11,377,965
Walmart, Inc.
 
70,610
10,035,799
 
 
 
88,232,359
Food Products - 0.4%
 
 
 
Archer Daniels Midland Co.
 
6,273
499,331
Bunge Ltd.
 
151,640
14,481,620
Kellogg Co. (d)
 
128,610
8,480,543
Mondelez International, Inc.
 
61,876
4,033,078
The Hershey Co.
 
73,786
17,584,680
The Real Good Food Co. LLC:
 
 
 
 Class B (c)
 
149,688
2
 Class B unit (e)
 
149,688
577,796
The Real Good Food Co., Inc. (a)
 
14,410
55,623
 
 
 
45,712,673
Household Products - 0.4%
 
 
 
Church & Dwight Co., Inc.
 
59,466
4,982,061
Colgate-Palmolive Co.
 
132,953
9,745,455
Procter & Gamble Co.
 
208,647
28,701,481
 
 
 
43,428,997
Personal Products - 0.1%
 
 
 
Olaplex Holdings, Inc. (a)(d)
 
1,646,983
8,103,156
The Beauty Health Co. (a)(d)
 
382,509
4,823,438
The Beauty Health Co. (a)(b)
 
428,643
5,405,188
 
 
 
18,331,782
Tobacco - 0.4%
 
 
 
Philip Morris International, Inc.
 
500,951
48,742,532
TOTAL CONSUMER STAPLES
 
 
432,494,223
ENERGY - 3.0%
 
 
 
Energy Equipment & Services - 0.6%
 
 
 
Baker Hughes Co. Class A
 
349,796
10,703,758
Halliburton Co.
 
834,191
30,222,740
Schlumberger Ltd.
 
560,573
29,828,089
 
 
 
70,754,587
Oil, Gas & Consumable Fuels - 2.4%
 
 
 
Cameco Corp. (d)
 
636,770
17,409,292
Devon Energy Corp.
 
202,534
10,920,633
EOG Resources, Inc.
 
285,765
32,297,160
EQT Corp.
 
127,405
4,227,298
Hess Corp.
 
974,208
131,225,818
Pioneer Natural Resources Co.
 
112,701
22,586,407
Range Resources Corp.
 
1,065,685
28,709,554
Reliance Industries Ltd.
 
768,846
21,606,670
Valero Energy Corp.
 
36,444
4,800,768
 
 
 
273,783,600
TOTAL ENERGY
 
 
344,538,187
FINANCIALS - 1.4%
 
 
 
Banks - 0.7%
 
 
 
Bank of America Corp.
 
832,444
28,552,829
HDFC Bank Ltd. sponsored ADR
 
403,867
27,317,564
JPMorgan Chase & Co.
 
116,580
16,711,743
Wells Fargo & Co.
 
115,209
5,388,325
 
 
 
77,970,461
Capital Markets - 0.7%
 
 
 
BlackRock, Inc. Class A
 
42,465
29,276,645
Charles Schwab Corp.
 
683,033
53,221,931
 
 
 
82,498,576
Consumer Finance - 0.0%
 
 
 
Discover Financial Services
 
30,224
3,385,088
TOTAL FINANCIALS
 
 
163,854,125
HEALTH CARE - 15.9%
 
 
 
Biotechnology - 8.4%
 
 
 
4D Pharma PLC (a)(c)(d)
 
983,887
197,166
AbbVie, Inc.
 
131,932
20,304,335
Absci Corp. (a)(d)
 
1,306,259
2,769,269
ACADIA Pharmaceuticals, Inc. (a)
 
816,292
16,889,081
ADC Therapeutics SA (a)
 
8,145
29,322
Akouos, Inc. (CVR) (c)
 
338,256
267,222
Alector, Inc. (a)
 
387,334
3,307,832
Allovir, Inc. (a)(d)
 
690,352
4,659,876
Alnylam Pharmaceuticals, Inc. (a)
 
626,825
120,005,646
Amgen, Inc.
 
121,742
28,202,752
Apellis Pharmaceuticals, Inc. (a)
 
42,600
2,789,448
Arcutis Biotherapeutics, Inc. (a)
 
107,670
1,742,101
Argenx SE ADR (a)
 
211,389
77,372,602
Arrowhead Pharmaceuticals, Inc. (a)
 
47,051
1,519,747
Ars Pharmaceuticals, Inc. (a)
 
376,969
3,362,563
Ascendis Pharma A/S sponsored ADR (a)
 
14,711
1,634,245
aTyr Pharma, Inc. (a)
 
609,702
1,286,471
Avidity Biosciences, Inc. (a)
 
455,235
10,789,070
Axcella Health, Inc. (a)(d)
 
983,995
570,914
Beam Therapeutics, Inc. (a)(d)
 
168,356
6,774,645
BeiGene Ltd. ADR (a)(d)
 
157,035
35,274,772
BioNTech SE ADR
 
18,616
2,421,011
BioXcel Therapeutics, Inc. (a)(d)
 
431,480
13,772,842
Caris Life Sciences, Inc. (b)(c)
 
362,791
2,031,630
Century Therapeutics, Inc. (a)
 
660,106
2,977,078
Cerevel Therapeutics Holdings (a)
 
1,708,938
45,611,555
Codiak Biosciences, Inc. (a)
 
380,309
182,548
Codiak Biosciences, Inc. warrants 9/15/27 (a)
 
95,000
5,393
CRISPR Therapeutics AG (a)(d)
 
202,743
9,999,285
Cyclerion Therapeutics, Inc. (a)
 
193,008
125,648
Day One Biopharmaceuticals, Inc. (a)
 
301,114
5,546,520
Denali Therapeutics, Inc. (a)
 
96,413
2,617,613
Disc Medicine, Inc. (a)
 
5,089
127,225
Disc Medicine, Inc. rights (a)(c)
 
50,893
1
EQRx, Inc. (a)
 
2,484,104
5,614,075
EQRx, Inc.:
 
 
 
 rights (a)(c)
 
65,872
42,817
 rights (a)(c)
 
28,231
12,704
Evelo Biosciences, Inc. (a)(d)
 
1,393,573
863,876
Exelixis, Inc. (a)
 
26,812
457,949
Foghorn Therapeutics, Inc. (a)
 
269,141
1,542,178
G1 Therapeutics, Inc. (a)
 
96,818
350,481
Generation Bio Co. (a)
 
554,130
2,194,355
Geron Corp. (a)
 
610,475
1,697,121
Icosavax, Inc. (a)
 
1,513
12,376
Idorsia Ltd. (a)(d)
 
131,800
1,743,619
Immunocore Holdings PLC ADR (a)
 
38,215
2,096,093
Immunovant, Inc. (a)
 
385,487
6,734,458
Inhibrx, Inc. (a)(d)
 
142,030
3,417,242
Invivyd, Inc. (a)(d)
 
892,969
1,553,766
Ionis Pharmaceuticals, Inc. (a)
 
2,017,949
72,444,369
Janux Therapeutics, Inc. (a)
 
140,493
2,336,399
Karuna Therapeutics, Inc. (a)
 
359,342
71,659,982
Kineta, Inc.
 
26,084
172,676
Kinnate Biopharma, Inc. (a)
 
68,536
361,870
Legend Biotech Corp. ADR (a)
 
497,749
22,986,049
Lexicon Pharmaceuticals, Inc. (a)
 
437,330
983,993
Lyell Immunopharma, Inc. (a)(d)
 
314,827
676,878
Moderna, Inc. (a)
 
236,418
32,817,183
Monte Rosa Therapeutics, Inc. (a)
 
295,909
1,799,127
Morphic Holding, Inc. (a)
 
287,573
12,227,604
Nuvalent, Inc. Class A (a)
 
413,232
12,516,797
Omega Therapeutics, Inc. (a)
 
540,312
3,490,416
ORIC Pharmaceuticals, Inc. (a)(d)
 
251,711
1,115,080
Poseida Therapeutics, Inc. (a)
 
674,018
3,835,162
Prometheus Biosciences, Inc. (a)
 
53,658
6,567,203
Protagonist Therapeutics, Inc. (a)
 
3,513
56,981
Prothena Corp. PLC (a)
 
397,733
22,177,592
PTC Therapeutics, Inc. (a)
 
346,687
15,139,821
RAPT Therapeutics, Inc. (a)
 
184,665
5,438,384
Recursion Pharmaceuticals, Inc. (a)(d)
 
645,938
5,264,395
Regeneron Pharmaceuticals, Inc. (a)
 
82,395
62,654,806
Relay Therapeutics, Inc. (a)(d)
 
300,834
4,858,469
Roivant Sciences Ltd. (a)
 
2,529,795
20,466,042
Rubius Therapeutics, Inc. (a)(d)
 
840,764
122,667
Sage Therapeutics, Inc. (a)
 
621,028
25,859,606
Saluda Medical Pty Ltd. warrants (a)(b)(c)
 
23,230
57,843
Sana Biotechnology, Inc. (a)(d)
 
177,778
652,445
Scholar Rock Holding Corp. (a)
 
418,019
3,586,603
Scholar Rock Holding Corp. warrants 12/31/25 (a)(b)
 
39,325
143,012
Seagen, Inc. (a)
 
17,830
3,203,873
Seres Therapeutics, Inc. (a)
 
1,745,336
8,813,947
Shattuck Labs, Inc. (a)
 
298,232
1,407,655
Sigilon Therapeutics, Inc. (a)
 
107,734
117,430
SpringWorks Therapeutics, Inc. (b)
 
113,900
3,270,069
SpringWorks Therapeutics, Inc. (a)(d)
 
758,917
24,209,452
Synlogic, Inc. (a)
 
617,628
432,340
Tango Therapeutics, Inc. (a)
 
351,886
1,840,364
Taysha Gene Therapies, Inc. (a)
 
212,377
214,501
TG Therapeutics, Inc. (a)
 
457,084
7,322,486
Twist Bioscience Corp. (a)
 
304,340
5,922,456
Tyra Biosciences, Inc. (a)
 
43,734
577,726
uniQure B.V. (a)
 
105,644
2,214,298
UNITY Biotechnology, Inc. (a)(d)
 
83,304
374,868
UNITY Biotechnology, Inc. warrants 8/22/27 (a)
 
626,717
76,921
Vaxcyte, Inc. (a)
 
295,809
12,119,295
Vera Therapeutics, Inc. (a)
 
212,339
1,577,679
Vertex Pharmaceuticals, Inc. (a)
 
63,202
18,346,909
Verve Therapeutics, Inc. (a)(d)
 
130,692
2,483,148
Vor Biopharma, Inc. (a)
 
489,322
2,730,417
Zai Lab Ltd. ADR (a)
 
140,644
5,224,925
Zentalis Pharmaceuticals, Inc. (a)
 
191,425
3,623,675
 
 
 
972,074,426
Health Care Equipment & Supplies - 3.3%
 
 
 
Abbott Laboratories
 
10,341
1,051,887
Blink Health LLC Series A1 (a)(b)(c)
 
65,933
2,848,306
DexCom, Inc. (a)
 
299,784
33,279,022
Figs, Inc. Class A (a)(d)
 
117,238
1,079,762
Insulet Corp. (a)
 
493,024
136,252,113
Intuitive Surgical, Inc. (a)
 
182,312
41,820,550
Novocure Ltd. (a)(d)
 
1,404,810
108,128,226
Oddity Tech Ltd. (a)(b)(c)
 
3,704
1,611,833
Outset Medical, Inc. (a)
 
414,278
9,449,681
Penumbra, Inc. (a)
 
6,287
1,634,557
Presbia PLC (a)(c)
 
96,997
1,455
PROCEPT BioRobotics Corp. (a)
 
362,964
13,593,002
Shockwave Medical, Inc. (a)
 
165,945
31,569,377
 
 
 
382,319,771
Health Care Providers & Services - 1.3%
 
 
 
Alignment Healthcare, Inc. (a)
 
360,519
3,583,559
AmerisourceBergen Corp.
 
36,910
5,741,720
Centene Corp. (a)
 
16,471
1,126,616
Guardant Health, Inc. (a)
 
143,387
4,429,224
Humana, Inc.
 
70,925
35,109,294
McKesson Corp.
 
31,171
10,903,928
The Oncology Institute, Inc. (a)(b)
 
446,788
629,971
UnitedHealth Group, Inc.
 
196,089
93,326,599
 
 
 
154,850,911
Health Care Technology - 0.0%
 
 
 
DNA Script (a)(b)(c)
 
115
79,698
DNA Script (a)(b)(c)
 
439
304,239
 
 
 
383,937
Life Sciences Tools & Services - 0.8%
 
 
 
10X Genomics, Inc. (a)(d)
 
564,751
26,836,968
Akoya Biosciences, Inc. (a)
 
16,414
189,253
Danaher Corp.
 
34,594
8,563,053
Olink Holding AB ADR (a)
 
423,093
9,917,300
Seer, Inc. (a)
 
224,252
917,191
Thermo Fisher Scientific, Inc.
 
39,957
21,647,104
WuXi AppTec Co. Ltd. (H Shares) (e)
 
317,797
3,382,671
Wuxi Biologics (Cayman), Inc. (a)(e)
 
2,093,967
14,658,093
 
 
 
86,111,633
Pharmaceuticals - 2.1%
 
 
 
Adimab LLC (a)(b)(c)(f)
 
196,899
8,055,138
Arvinas Holding Co. LLC (a)
 
55,452
1,699,604
Atea Pharmaceuticals, Inc. (a)
 
1,184,386
4,192,726
Bristol-Myers Squibb Co.
 
125,320
8,642,067
DICE Therapeutics, Inc. (a)
 
92,951
2,773,658
Dragonfly Therapeutics, Inc. (a)(b)(c)
 
31,376
453,697
Eli Lilly & Co.
 
265,401
82,598,099
Fulcrum Therapeutics, Inc. (a)
 
424,018
2,561,069
GH Research PLC (a)
 
340,752
3,264,404
Hansoh Pharmaceutical Group Co. Ltd. (e)
 
483,024
867,664
Harmony Biosciences Holdings, Inc. (a)(d)
 
574,631
25,301,003
Intra-Cellular Therapies, Inc. (a)
 
938,273
46,003,525
Merck & Co., Inc.
 
30,423
3,232,140
Novo Nordisk A/S Series B sponsored ADR
 
174,866
24,654,357
Nuvation Bio, Inc. (a)
 
1,464,977
2,842,055
OptiNose, Inc. (a)
 
1,568,270
2,822,886
OptiNose, Inc. warrants (a)
 
200,020
131,553
Pfizer, Inc.
 
24,830
1,007,353
Pharvaris BV (a)
 
28,947
240,550
Pliant Therapeutics, Inc. (a)
 
457,623
14,579,869
Sienna Biopharmaceuticals, Inc. (a)
 
336,476
0
Skyhawk Therapeutics, Inc. (a)(b)(c)
 
127,580
1,465,894
Theravance Biopharma, Inc. (a)
 
179,183
1,935,176
UCB SA
 
36,880
3,174,469
Ventyx Biosciences, Inc. (a)
 
76,500
3,308,625
 
 
 
245,807,581
TOTAL HEALTH CARE
 
 
1,841,548,259
INDUSTRIALS - 5.1%
 
 
 
Aerospace & Defense - 0.8%
 
 
 
AeroVironment, Inc. (a)
 
30,792
2,640,106
Lockheed Martin Corp.
 
55,227
26,191,957
Raytheon Technologies Corp.
 
152,185
14,927,827
Space Exploration Technologies Corp. Class A (a)(b)(c)
 
324,714
25,002,978
The Boeing Co. (a)
 
111,781
22,529,461
 
 
 
91,292,329
Air Freight & Logistics - 0.2%
 
 
 
Delhivery Private Ltd.
 
486,000
2,032,326
United Parcel Service, Inc. Class B
 
84,997
15,511,103
 
 
 
17,543,429
Airlines - 0.9%
 
 
 
Delta Air Lines, Inc. (a)
 
605,068
23,198,307
Ryanair Holdings PLC sponsored ADR (a)
 
6,244
579,256
Southwest Airlines Co. (d)
 
780,546
26,210,735
Spirit Airlines, Inc.
 
597,112
10,939,092
United Airlines Holdings, Inc. (a)
 
429,565
22,320,197
Wheels Up Experience, Inc. (a)(b)
 
961,536
1,067,305
Wizz Air Holdings PLC (a)(e)
 
677,655
21,030,027
 
 
 
105,344,919
Construction & Engineering - 0.2%
 
 
 
Fluor Corp. (a)
 
421,357
15,451,161
MasTec, Inc. (a)
 
32,166
3,143,262
Quanta Services, Inc.
 
44,813
7,232,818
 
 
 
25,827,241
Electrical Equipment - 0.4%
 
 
 
Eaton Corp. PLC
 
79,744
13,949,618
Emerson Electric Co.
 
203,309
16,815,687
Fluence Energy, Inc. (a)
 
2,609
48,710
Generac Holdings, Inc. (a)
 
106,504
12,781,545
Nextracker, Inc. Class A
 
47,800
1,455,032
NuScale Power Corp. (a)(d)
 
229,966
2,380,148
 
 
 
47,430,740
Industrial Conglomerates - 0.1%
 
 
 
Honeywell International, Inc.
 
43,436
8,317,125
Machinery - 0.9%
 
 
 
Caterpillar, Inc.
 
100,098
23,978,476
Deere & Co.
 
93,186
39,067,299
Fortive Corp.
 
30,508
2,033,663
Illinois Tool Works, Inc.
 
55,716
12,990,743
Ingersoll Rand, Inc.
 
77,376
4,493,224
Xylem, Inc. (d)
 
156,050
16,018,533
 
 
 
98,581,938
Professional Services - 0.0%
 
 
 
LegalZoom.com, Inc. (a)
 
136,587
1,115,916
Road & Rail - 1.6%
 
 
 
Avis Budget Group, Inc. (a)
 
527,468
115,863,621
Bird Global, Inc. (a)(b)
 
152,025
30,739
Bird Global, Inc.:
 
 
 
 Class A (a)
 
4,400
890
 Stage 1 rights (a)(c)
 
27,377
0
 Stage 2 rights (a)(c)
 
27,377
0
 Stage 3 rights (a)(c)
 
27,377
0
CSX Corp.
 
41,317
1,259,755
Hertz Global Holdings, Inc. (a)(d)
 
781,419
14,464,066
Union Pacific Corp.
 
279,358
57,905,326
 
 
 
189,524,397
TOTAL INDUSTRIALS
 
 
584,978,034
INFORMATION TECHNOLOGY - 40.9%
 
 
 
Communications Equipment - 0.7%
 
 
 
Arista Networks, Inc. (a)
 
108,894
15,103,598
Ciena Corp. (a)
 
884,672
42,658,884
Infinera Corp. (a)(d)
 
3,630,365
25,666,681
 
 
 
83,429,163
Electronic Equipment & Components - 0.1%
 
 
 
Coherent Corp. (a)
 
121,412
5,236,500
TE Connectivity Ltd.
 
3,306
420,920
 
 
 
5,657,420
IT Services - 4.2%
 
 
 
Accenture PLC Class A
 
98,859
26,252,007
Block, Inc. Class A (a)
 
37,345
2,865,482
Cloudflare, Inc. (a)(d)
 
1,181,845
70,922,518
IBM Corp.
 
126,483
16,354,252
MasterCard, Inc. Class A
 
377,333
134,062,642
MongoDB, Inc. Class A (a)
 
8,404
1,760,806
Okta, Inc. (a)
 
108,946
7,766,760
PayPal Holdings, Inc. (a)
 
154,635
11,381,136
Shopify, Inc. Class A (a)
 
458,053
18,859,229
Snowflake, Inc. (a)
 
69,883
10,788,538
Toast, Inc. (a)(d)
 
1,575,116
29,801,195
Twilio, Inc. Class A (a)
 
4,000
268,840
Visa, Inc. Class A
 
702,930
154,602,424
X Holdings I, Inc. (b)(c)
 
2,689
982,561
 
 
 
486,668,390
Semiconductors & Semiconductor Equipment - 14.6%
 
 
 
Advanced Micro Devices, Inc. (a)
 
752,236
59,110,705
Allegro MicroSystems LLC (a)
 
4,800
209,664
Applied Materials, Inc.
 
438,186
50,895,304
ASML Holding NV
 
22,024
13,604,886
Broadcom, Inc.
 
42,271
25,121,233
Cirrus Logic, Inc. (a)
 
411,502
42,281,831
Enphase Energy, Inc. (a)
 
77,872
16,394,392
First Solar, Inc. (a)
 
218,265
36,917,342
GlobalFoundries, Inc. (a)
 
104,861
6,851,618
KLA Corp.
 
61,532
23,344,010
Lam Research Corp.
 
17,163
8,341,390
Lattice Semiconductor Corp. (a)
 
40,503
3,441,135
Marvell Technology, Inc.
 
857,304
38,707,276
Micron Technology, Inc.
 
143,988
8,325,386
Monolithic Power Systems, Inc.
 
34,240
16,582,090
NVIDIA Corp.
 
4,920,379
1,142,315,176
onsemi (a)
 
167,946
13,000,700
Qualcomm, Inc.
 
159,831
19,743,923
Silicon Laboratories, Inc. (a)
 
515,552
92,041,499
SiTime Corp. (a)
 
162,107
20,125,584
SolarEdge Technologies, Inc. (a)
 
9,182
2,919,141
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR
 
104,889
9,132,685
Teradyne, Inc.
 
80,853
8,177,472
Texas Instruments, Inc.
 
154,531
26,494,340
Wolfspeed, Inc. (a)(d)
 
126,868
9,385,695
 
 
 
1,693,464,477
Software - 11.0%
 
 
 
Adobe, Inc. (a)
 
173,219
56,114,295
Atlassian Corp. PLC (a)
 
11,043
1,814,696
Autodesk, Inc. (a)
 
113,384
22,528,267
Bill Holdings, Inc. (a)
 
9,853
833,859
Clear Secure, Inc.
 
599
18,413
Crowdstrike Holdings, Inc. (a)
 
84,706
10,223,167
Datadog, Inc. Class A (a)
 
49,478
3,786,057
Elastic NV (a)
 
44,898
2,649,880
HubSpot, Inc. (a)
 
51,505
19,925,224
Intuit, Inc.
 
75,666
30,809,682
Microsoft Corp.
 
2,597,545
647,879,674
Nutanix, Inc. Class A (a)
 
3,463,343
97,839,440
Oracle Corp.
 
1,278,864
111,772,714
Paycom Software, Inc. (a)
 
17,326
5,008,254
Paylocity Holding Corp. (a)
 
24,960
4,807,546
RingCentral, Inc. (a)
 
41,023
1,355,400
Salesforce.com, Inc. (a)
 
1,072,374
175,451,110
Samsara, Inc. (a)(d)
 
67,986
1,132,647
SentinelOne, Inc. (a)
 
75,854
1,212,905
ServiceNow, Inc. (a)
 
59,063
25,525,257
Stripe, Inc. Class B (a)(b)(c)
 
38,500
834,295
UiPath, Inc. Class A (a)(d)
 
1,309,089
19,426,881
Workday, Inc. Class A (a)
 
34,110
6,326,382
Zoom Video Communications, Inc. Class A (a)
 
175,706
13,105,911
Zscaler, Inc. (a)
 
79,947
10,485,049
 
 
 
1,270,867,005
Technology Hardware, Storage & Peripherals - 10.3%
 
 
 
Apple, Inc.
 
7,313,650
1,078,105,147
Pure Storage, Inc. Class A (a)
 
3,662,640
104,531,746
Samsung Electronics Co. Ltd.
 
167,855
7,699,130
 
 
 
1,190,336,023
TOTAL INFORMATION TECHNOLOGY
 
 
4,730,422,478
MATERIALS - 1.8%
 
 
 
Chemicals - 1.0%
 
 
 
Albemarle Corp.
 
42,665
10,850,136
CF Industries Holdings, Inc.
 
336,143
28,871,322
Cibus Corp. Series E (a)(b)(c)(f)
 
2,356,149
4,712,298
Corteva, Inc.
 
554,898
34,564,596
DuPont de Nemours, Inc.
 
195,252
14,259,254
The Mosaic Co.
 
309,602
16,467,730
 
 
 
109,725,336
Containers & Packaging - 0.0%
 
 
 
Sealed Air Corp.
 
74,832
3,638,332
Metals & Mining - 0.8%
 
 
 
Barrick Gold Corp. (Canada) (d)
 
301,894
4,878,536
Freeport-McMoRan, Inc.
 
1,856,324
76,053,594
Rio Tinto PLC sponsored ADR
 
213,302
14,873,548
 
 
 
95,805,678
TOTAL MATERIALS
 
 
209,169,346
REAL ESTATE - 0.3%
 
 
 
Equity Real Estate Investment Trusts (REITs) - 0.2%
 
 
 
American Tower Corp.
 
87,042
17,235,186
Equinix, Inc.
 
7,291
5,018,177
 
 
 
22,253,363
Real Estate Management & Development - 0.1%
 
 
 
CBRE Group, Inc. (a)
 
139,078
11,841,101
TOTAL REAL ESTATE
 
 
34,094,464
UTILITIES - 0.1%
 
 
 
Electric Utilities - 0.1%
 
 
 
ORSTED A/S (e)
 
115,849
10,083,851
 
TOTAL COMMON STOCKS
 (Cost $10,025,693,126)
 
 
 
11,364,867,597
 
 
 
 
Preferred Stocks - 1.6%
 
 
Shares
Value ($)
 
Convertible Preferred Stocks - 1.5%
 
 
 
COMMUNICATION SERVICES - 0.1%
 
 
 
Interactive Media & Services - 0.1%
 
 
 
ByteDance Ltd. Series E1 (a)(b)(c)
 
49,039
9,747,972
Reddit, Inc.:
 
 
 
  Series E(a)(b)(c)
 
4,501
171,488
  Series F(a)(b)(c)
 
88,486
3,371,317
 
 
 
13,290,777
CONSUMER DISCRETIONARY - 0.1%
 
 
 
Automobiles - 0.0%
 
 
 
Rad Power Bikes, Inc.:
 
 
 
  Series A(a)(b)(c)
 
22,348
85,593
  Series C(a)(b)(c)
 
87,936
336,795
  Series D(a)(b)(c)
 
219,600
841,068
 
 
 
1,263,456
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Discord, Inc. Series I (a)(b)(c)
 
1,400
472,290
 
 
 
 
Internet & Direct Marketing Retail - 0.1%
 
 
 
Instacart, Inc.:
 
 
 
  Series H(a)(b)(c)
 
12,458
492,714
  Series I(a)(b)(c)
 
6,009
237,656
Meesho Series F (a)(b)(c)
 
66,982
5,224,596
 
 
 
5,954,966
Textiles, Apparel & Luxury Goods - 0.0%
 
 
 
Freenome, Inc.:
 
 
 
  Series C(a)(b)(c)
 
141,369
1,101,265
  Series D(a)(b)(c)
 
125,665
1,026,683
Laronde, Inc. Series B (a)(b)(c)
 
81,282
1,526,476
 
 
 
3,654,424
TOTAL CONSUMER DISCRETIONARY
 
 
11,345,136
 
 
 
 
CONSUMER STAPLES - 0.1%
 
 
 
Food & Staples Retailing - 0.1%
 
 
 
GoBrands, Inc.:
 
 
 
  Series G(a)(b)(c)
 
19,907
2,666,543
  Series H(a)(b)(c)
 
20,720
2,775,444
 
 
 
5,441,987
Food Products - 0.0%
 
 
 
AgBiome LLC Series D (a)(b)(c)
 
511,821
3,383,137
Bowery Farming, Inc. Series C1 (a)(b)(c)
 
27,155
551,518
 
 
 
3,934,655
TOTAL CONSUMER STAPLES
 
 
9,376,642
 
 
 
 
FINANCIALS - 0.0%
 
 
 
Diversified Financial Services - 0.0%
 
 
 
Paragon Biosciences Emalex Capital, Inc.:
 
 
 
  Series C(a)(b)(c)
 
109,967
1,190,943
  Series D1(b)(c)
 
190,900
2,067,447
  Series D2(b)(c)
 
15,557
168,482
 
 
 
3,426,872
HEALTH CARE - 0.7%
 
 
 
Biotechnology - 0.5%
 
 
 
Altos Labs, Inc. Series B (b)(c)
 
124,464
2,383,286
Ankyra Therapeutics Series B (a)(b)(c)
 
329,325
1,300,834
Apogee Therapeutics Series B (b)(c)
 
532,865
1,760,884
Asimov, Inc. Series B (a)(b)(c)
 
19,920
1,014,526
Bright Peak Therapeutics AG Series B (a)(b)(c)
 
282,257
824,190
Caris Life Sciences, Inc. Series D (a)(b)(c)
 
258,638
1,448,373
Castle Creek Biosciences, Inc.:
 
 
 
  Series D1(b)(c)
 
4,476
911,940
  Series D2(b)(c)
 
1,254
255,490
Cleerly, Inc. Series C (b)(c)
 
294,888
3,426,599
Deep Genomics, Inc. Series C (a)(b)(c)
 
155,443
1,559,093
Dianthus Therapeutics, Inc. Series A (b)(c)
 
333,765
1,418,501
Element Biosciences, Inc.:
 
 
 
  Series B(a)(b)(c)
 
125,057
2,057,188
  Series C(a)(b)(c)
 
114,255
1,879,495
ElevateBio LLC Series C (a)(b)(c)
 
247,600
787,368
Fog Pharmaceuticals, Inc. Series D (b)(c)
 
272,597
2,933,989
Generate Biomedicines Series B (a)(b)(c)
 
191,856
1,592,405
Inscripta, Inc.:
 
 
 
  Series D(a)(b)(c)
 
277,957
1,175,758
  Series E(a)(b)(c)
 
215,182
910,220
Korro Bio, Inc.:
 
 
 
  Series B1(a)(b)(c)
 
379,289
815,471
  Series B2(a)(b)(c)
 
356,095
783,409
LifeMine Therapeutics, Inc. Series C (b)(c)
 
1,759,782
3,079,619
National Resilience, Inc.:
 
 
 
  Series B(a)(b)(c)
 
182,315
11,071,990
  Series C(a)(b)(c)
 
74,748
4,539,446
Odyssey Therapeutics, Inc. Series B (b)(c)
 
458,024
3,132,884
Quell Therapeutics Ltd. Series B (a)(b)(c)
 
822,639
1,118,789
SalioGen Therapeutics, Inc. Series B (a)(b)(c)
 
14,028
1,046,629
Saluda Medical Pty Ltd. Series D (a)(b)(c)
 
154,870
1,791,846
Sonoma Biotherapeutics, Inc.:
 
 
 
  Series B(a)(b)(c)
 
587,934
923,056
  Series B1(a)(b)(c)
 
313,559
602,033
T-Knife Therapeutics, Inc. Series B (a)(b)(c)
 
241,456
948,922
Treeline Biosciences:
 
 
 
  Series A(a)(b)(c)
 
283,817
2,324,461
  Series A1(b)(c)
 
151,334
1,269,692
 
 
 
61,088,386
Health Care Equipment & Supplies - 0.1%
 
 
 
Blink Health LLC Series C (a)(b)(c)
 
145,007
6,264,302
Kardium, Inc. Series D6 (a)(b)(c)
 
1,087,032
1,076,162
 
 
 
7,340,464
Health Care Providers & Services - 0.0%
 
 
 
Boundless Bio, Inc. Series B (a)(b)(c)
 
756,226
688,166
Conformal Medical, Inc. Series C (a)(b)(c)
 
140,186
499,062
Scorpion Therapeutics, Inc. Series B (a)(b)(c)
 
260,848
404,314
 
 
 
1,591,542
Health Care Technology - 0.1%
 
 
 
Aledade, Inc.:
 
 
 
  Series B1(a)(b)(c)
 
26,096
1,391,961
  Series E1(b)(c)
 
21,357
1,139,182
DNA Script:
 
 
 
  Series B(a)(b)(c)
 
6
4,158
  Series C(a)(b)(c)
 
2,549
1,766,524
Omada Health, Inc. Series E (a)(b)(c)
 
636,551
2,278,853
PrognomIQ, Inc.:
 
 
 
  Series A5(a)(b)(c)
 
37,950
62,238
  Series B(a)(b)(c)
 
196,968
458,935
  Series C(b)(c)
 
65,704
174,773
Wugen, Inc. Series B (a)(b)(c)
 
121,894
649,695
 
 
 
7,926,319
Pharmaceuticals - 0.0%
 
 
 
Castle Creek Pharmaceutical Holdings, Inc. Series C (a)(b)(c)
 
582
128,925
Galvanize Therapeutics Series B (b)(c)
 
1,125,997
1,902,935
 
 
 
2,031,860
TOTAL HEALTH CARE
 
 
79,978,571
 
 
 
 
INDUSTRIALS - 0.2%
 
 
 
Aerospace & Defense - 0.2%
 
 
 
Space Exploration Technologies Corp. Series N (a)(b)(c)
 
19,900
15,323,000
 
 
 
 
Construction & Engineering - 0.0%
 
 
 
Beta Technologies, Inc.:
 
 
 
  Series A(a)(b)(c)
 
10,545
802,685
  Series B, 6.00%(b)(c)
 
20,919
1,640,886
 
 
 
2,443,571
TOTAL INDUSTRIALS
 
 
17,766,571
 
 
 
 
INFORMATION TECHNOLOGY - 0.2%
 
 
 
Electronic Equipment & Components - 0.0%
 
 
 
Enevate Corp. Series E (a)(b)(c)
 
754,820
445,344
Menlo Micro, Inc. Series C (b)(c)
 
993,699
924,140
 
 
 
1,369,484
Semiconductors & Semiconductor Equipment - 0.1%
 
 
 
Alif Semiconductor Series C (b)(c)
 
43,034
768,157
Astera Labs, Inc.:
 
 
 
  Series A(b)(c)
 
80,597
716,507
  Series B(b)(c)
 
13,723
121,997
  Series C(a)(b)(c)
 
372,400
3,310,636
  Series D(b)(c)
 
273,573
2,432,064
GaN Systems, Inc.:
 
 
 
  Series F1(a)(b)(c)
 
63,044
708,615
  Series F2(a)(b)(c)
 
33,289
374,168
SiMa.ai:
 
 
 
  Series B(a)(b)(c)
 
299,482
1,931,659
  Series B1(b)(c)
 
167,848
1,253,825
Xsight Labs Ltd. Series D (a)(b)(c)
 
122,201
888,401
 
 
 
12,506,029
Software - 0.1%
 
 
 
Bolt Technology OU Series E (a)(b)(c)
 
17,815
2,228,741
Databricks, Inc.:
 
 
 
  Series G(a)(b)(c)
 
37,815
2,009,867
  Series H(a)(b)(c)
 
56,085
2,980,918
Evozyne LLC Series A (a)(b)(c)
 
78,000
1,216,020
Skyryse, Inc. Series B (a)(b)(c)
 
117,653
2,364,825
Stripe, Inc. Series H (a)(b)(c)
 
14,400
312,048
Tenstorrent, Inc. Series C1 (a)(b)(c)
 
16,900
950,456
 
 
 
12,062,875
TOTAL INFORMATION TECHNOLOGY
 
 
25,938,388
 
 
 
 
MATERIALS - 0.1%
 
 
 
Chemicals - 0.0%
 
 
 
Farmers Business Network, Inc. Series G (a)(b)(c)
 
42,859
1,980,943
 
 
 
 
Metals & Mining - 0.1%
 
 
 
Diamond Foundry, Inc. Series C (a)(b)(c)
 
301,038
10,677,818
 
 
 
 
TOTAL MATERIALS
 
 
12,658,761
 
 
 
 
UTILITIES - 0.0%
 
 
 
Independent Power and Renewable Electricity Producers - 0.0%
 
 
 
Redwood Materials Series C (a)(b)(c)
 
20,469
603,836
 
 
 
 
TOTAL CONVERTIBLE PREFERRED STOCKS
 
 
174,385,554
Nonconvertible Preferred Stocks - 0.1%
 
 
 
CONSUMER DISCRETIONARY - 0.1%
 
 
 
Automobiles - 0.0%
 
 
 
Waymo LLC Series A2 (a)(b)(c)
 
6,592
338,499
 
 
 
 
Internet & Direct Marketing Retail - 0.1%
 
 
 
Circle Internet Financial Ltd. Series E (b)(c)
 
127,757
4,277,304
 
 
 
 
TOTAL CONSUMER DISCRETIONARY
 
 
4,615,803
 
 
 
 
 
TOTAL PREFERRED STOCKS
 (Cost $176,695,604)
 
 
 
179,001,357
 
 
 
 
Convertible Bonds - 0.0%
 
 
Principal
Amount (g)
 
Value ($)
 
CONSUMER DISCRETIONARY - 0.0%
 
 
 
Automobiles - 0.0%
 
 
 
Neutron Holdings, Inc.:
 
 
 
 4% 10/27/25 (b)(c)(h)
 
2,036,008
1,911,201
 4% 5/22/27 (b)(c)
 
310,600
324,888
 4% 6/12/27 (b)(c)
 
82,200
85,981
 
 
 
2,322,070
HEALTH CARE - 0.0%
 
 
 
Health Care Equipment & Supplies - 0.0%
 
 
 
Blink Health LLC 5% 1/15/24 (b)(c)
 
2,000,000
2,179,400
 
TOTAL CONVERTIBLE BONDS
 (Cost $4,428,808)
 
 
 
4,501,470
 
 
 
 
Preferred Securities - 0.0%
 
 
Principal
Amount (g)
 
Value ($)
 
HEALTH CARE - 0.0%
 
 
 
Health Care Equipment & Supplies - 0.0%
 
 
 
Kardium, Inc. 0% (b)(c)(i)
 
1,541,987
1,501,895
INFORMATION TECHNOLOGY - 0.0%
 
 
 
Semiconductors & Semiconductor Equipment - 0.0%
 
 
 
GaN Systems, Inc. 0% (b)(c)(i)
 
1,477,665
1,836,738
Software - 0.0%
 
 
 
Tenstorrent, Inc. 0% (b)(c)(i)
 
940,000
889,240
TOTAL INFORMATION TECHNOLOGY
 
 
2,725,978
 
TOTAL PREFERRED SECURITIES
 (Cost $3,959,652)
 
 
 
4,227,873
 
 
 
 
Money Market Funds - 4.0%
 
 
Shares
Value ($)
 
Fidelity Cash Central Fund 4.63% (j)
 
22,271,960
22,276,414
Fidelity Securities Lending Cash Central Fund 4.63% (j)(k)
 
441,951,722
441,995,917
 
TOTAL MONEY MARKET FUNDS
 (Cost $464,272,331)
 
 
464,272,331
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 103.8%
 (Cost $10,675,049,521)
 
 
 
12,016,870,628
NET OTHER ASSETS (LIABILITIES) - (3.8)%  
(437,134,714)
NET ASSETS - 100.0%
11,579,735,914
 
 
Legend
 
(a)
Non-income producing
 
(b)
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 $267,287,135 or 2.3% of net assets.
 
(c)
Level 3 security
 
(d)
Security or a portion of the security is on loan at period end.
 
(e)
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 $50,600,102 or 0.4% of net assets.
 
(f)
Investment is owned by a wholly-owned subsidiary (Subsidiary) that is treated as a corporation for U.S. tax purposes.
 
(g)
Amount is stated in United States dollars unless otherwise noted.
 
(h)
Security initially issued at one coupon which converts to a higher coupon at a specified date. The rate shown is the rate at period end.
 
(i)
Security is perpetual in nature with no stated maturity date.
 
(j)
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.
 
(k)
Investment made with cash collateral received from securities on loan.
 
 
 
Additional information on each restricted holding is as follows:
Security
Acquisition Date
Acquisition Cost ($)
 
Adimab LLC
1/19/21
10,009,542
 
 
 
AgBiome LLC Series D
9/03/21
3,033,967
 
 
 
Aledade, Inc. Series B1
5/07/21
999,234
 
 
 
Aledade, Inc. Series E1
5/20/22
1,063,886
 
 
 
Alif Semiconductor Series C
3/08/22
873,527
 
 
 
Altos Labs, Inc. Series B
7/22/22
2,383,286
 
 
 
Ankyra Therapeutics Series B
8/26/21
1,854,693
 
 
 
Apogee Therapeutics Series B
11/15/22
1,760,884
 
 
 
Asimov, Inc. Series B
10/29/21
1,846,200
 
 
 
Astera Labs, Inc. Series A
5/17/22
819,631
 
 
 
Astera Labs, Inc. Series B
5/17/22
139,556
 
 
 
Astera Labs, Inc. Series C
8/24/21
1,251,934
 
 
 
Astera Labs, Inc. Series D
5/17/22
2,782,101
 
 
 
Beta Technologies, Inc. Series A
4/09/21
772,632
 
 
 
Beta Technologies, Inc. Series B, 6.00%
4/04/22
2,158,213
 
 
 
Bird Global, Inc.
5/11/21
1,520,250
 
 
 
Blink Health LLC Series A1
12/30/20
1,786,125
 
 
 
Blink Health LLC Series C
11/07/19 - 7/14/21
5,535,788
 
 
 
Blink Health LLC 5% 1/15/24
7/15/22
2,000,000
 
 
 
Bolt Technology OU Series E
1/03/22
4,628,275
 
 
 
Boundless Bio, Inc. Series B
4/23/21
1,020,905
 
 
 
Bowery Farming, Inc. Series C1
5/18/21
1,636,070
 
 
 
Bright Peak Therapeutics AG Series B
5/14/21
1,102,496
 
 
 
ByteDance Ltd. Series E1
11/18/20
5,373,408
 
 
 
Caris Life Sciences, Inc.
10/06/22
2,031,630
 
 
 
Caris Life Sciences, Inc. Series D
5/11/21
2,094,968
 
 
 
Castle Creek Biosciences, Inc. Series D1
4/19/22
962,474
 
 
 
Castle Creek Biosciences, Inc. Series D2
6/28/21
215,100
 
 
 
Castle Creek Pharmaceutical Holdings, Inc. Series C
12/09/19
239,697
 
 
 
Cibus Corp. Series E
6/23/21 - 12/02/22
4,216,536
 
 
 
Circle Internet Financial Ltd. Series E
5/11/21
2,073,500
 
 
 
Cleerly, Inc. Series C
7/08/22
3,473,958
 
 
 
Conformal Medical, Inc. Series C
7/24/20
514,071
 
 
 
Databricks, Inc. Series G
2/01/21
2,235,722
 
 
 
Databricks, Inc. Series H
8/31/21
4,121,358
 
 
 
Deep Genomics, Inc. Series C
7/21/21
2,254,110
 
 
 
Diamond Foundry, Inc. Series C
3/15/21
7,224,912
 
 
 
Dianthus Therapeutics, Inc. Series A
4/06/22
1,450,710
 
 
 
Discord, Inc. Series I
9/15/21
770,874
 
 
 
DNA Script
12/17/21
443,611
 
 
 
DNA Script Series B
12/17/21
4,804
 
 
 
DNA Script Series C
10/01/21
2,217,248
 
 
 
Dragonfly Therapeutics, Inc.
12/19/19
830,209
 
 
 
Element Biosciences, Inc. Series B
12/13/19
655,374
 
 
 
Element Biosciences, Inc. Series C
6/21/21
2,348,706
 
 
 
ElevateBio LLC Series C
3/09/21
1,038,682
 
 
 
Enevate Corp. Series E
1/29/21
836,858
 
 
 
Epic Games, Inc.
7/13/20 - 7/30/20
2,875,000
 
 
 
Evozyne LLC Series A
4/09/21
1,752,660
 
 
 
Fanatics, Inc. Class A
8/13/20 - 10/24/22
7,298,410
 
 
 
Farmers Business Network, Inc. Series G
9/15/21
2,664,021
 
 
 
Fog Pharmaceuticals, Inc. Series D
11/17/22
2,933,989
 
 
 
Freenome, Inc. Series C
8/14/20
934,916
 
 
 
Freenome, Inc. Series D
11/22/21
947,803
 
 
 
Galvanize Therapeutics Series B
3/29/22
1,949,422
 
 
 
GaN Systems, Inc. Series F1
11/30/21
534,613
 
 
 
GaN Systems, Inc. Series F2
11/30/21
282,291
 
 
 
GaN Systems, Inc. 0%
11/30/21
1,477,665
 
 
 
Generate Biomedicines Series B
11/02/21
2,273,494
 
 
 
GoBrands, Inc. Series G
3/02/21
4,971,122
 
 
 
GoBrands, Inc. Series H
7/22/21
8,049,525
 
 
 
Inscripta, Inc. Series D
11/13/20
1,270,263
 
 
 
Inscripta, Inc. Series E
3/30/21
1,900,057
 
 
 
Instacart, Inc. Series H
11/13/20
747,480
 
 
 
Instacart, Inc. Series I
2/26/21
751,125
 
 
 
Kardium, Inc. Series D6
12/30/20
1,104,251
 
 
 
Kardium, Inc. 0%
12/30/20
1,541,987
 
 
 
Korro Bio, Inc. Series B1
12/17/21
989,944
 
 
 
Korro Bio, Inc. Series B2
12/17/21
989,944
 
 
 
Laronde, Inc. Series B
8/13/21
2,275,896
 
 
 
LifeMine Therapeutics, Inc. Series C
2/15/22
3,583,954
 
 
 
Meesho Series F
9/21/21
5,135,664
 
 
 
Menlo Micro, Inc. Series C
2/09/22
1,317,148
 
 
 
National Resilience, Inc. Series B
12/01/20
2,490,423
 
 
 
National Resilience, Inc. Series C
6/28/21
3,319,559
 
 
 
Neutron Holdings, Inc. 4% 10/27/25
10/29/21 - 10/27/22
2,036,008
 
 
 
Neutron Holdings, Inc. 4% 5/22/27
6/04/20
310,600
 
 
 
Neutron Holdings, Inc. 4% 6/12/27
6/12/20
82,200
 
 
 
Oddity Tech Ltd.
1/06/22
1,594,239
 
 
 
Odyssey Therapeutics, Inc. Series B
9/30/22
2,892,806
 
 
 
Omada Health, Inc. Series E
12/22/21
3,816,251
 
 
 
Paragon Biosciences Emalex Capital, Inc. Series C
2/26/21
1,176,647
 
 
 
Paragon Biosciences Emalex Capital, Inc. Series D1
10/21/22
2,067,447
 
 
 
Paragon Biosciences Emalex Capital, Inc. Series D2
5/18/22
134,101
 
 
 
PrognomIQ, Inc. Series A5
8/20/20
22,922
 
 
 
PrognomIQ, Inc. Series B
9/11/20
450,094
 
 
 
PrognomIQ, Inc. Series C
2/16/22
201,054
 
 
 
Quell Therapeutics Ltd. Series B
11/24/21
1,554,788
 
 
 
Rad Power Bikes, Inc.
1/21/21
826,883
 
 
 
Rad Power Bikes, Inc. Series A
1/21/21
107,803
 
 
 
Rad Power Bikes, Inc. Series C
1/21/21
424,189
 
 
 
Rad Power Bikes, Inc. Series D
9/17/21
2,104,602
 
 
 
Reddit, Inc. Series E
5/18/21
191,176
 
 
 
Reddit, Inc. Series F
8/11/21
5,467,939
 
 
 
Redwood Materials Series C
5/28/21
970,302
 
 
 
SalioGen Therapeutics, Inc. Series B
12/10/21
1,485,060
 
 
 
Saluda Medical Pty Ltd. Series D
1/20/22
1,975,505
 
 
 
Saluda Medical Pty Ltd. warrants
1/20/22
0
 
 
 
Scholar Rock Holding Corp. warrants 12/31/25
6/17/22
0
 
 
 
Scorpion Therapeutics, Inc. Series B
1/08/21
631,103
 
 
 
SiMa.ai Series B
5/10/21
1,535,564
 
 
 
SiMa.ai Series B1
4/25/22 - 10/17/22
1,190,194
 
 
 
Skyhawk Therapeutics, Inc.
5/21/21
2,094,864
 
 
 
Skyryse, Inc. Series B
10/21/21
2,903,673
 
 
 
Sonoma Biotherapeutics, Inc. Series B
7/26/21
1,161,934
 
 
 
Sonoma Biotherapeutics, Inc. Series B1
7/26/21
929,546
 
 
 
Space Exploration Technologies Corp. Class A
2/16/21 - 5/24/22
21,637,941
 
 
 
Space Exploration Technologies Corp. Series N
8/04/20
5,373,000
 
 
 
SpringWorks Therapeutics, Inc.
9/07/22
2,962,539
 
 
 
Stripe, Inc. Class B
5/18/21
1,544,943
 
 
 
Stripe, Inc. Series H
3/15/21
577,800
 
 
 
T-Knife Therapeutics, Inc. Series B
6/30/21
1,392,911
 
 
 
Tenstorrent, Inc. Series C1
4/23/21
1,004,778
 
 
 
Tenstorrent, Inc. 0%
4/23/21
940,000
 
 
 
The Beauty Health Co.
12/08/20
4,286,430
 
 
 
The Oncology Institute, Inc.
6/28/21
4,467,880
 
 
 
Treeline Biosciences Series A
7/30/21 - 10/27/22
2,221,578
 
 
 
Treeline Biosciences Series A1
10/27/22
1,303,031
 
 
 
Waymo LLC Series A2
5/08/20
566,037
 
 
 
Wheels Up Experience, Inc.
2/01/21
9,615,360
 
 
 
Wugen, Inc. Series B
7/09/21
945,276
 
 
 
X Holdings I, Inc.
10/27/21
2,482,445
 
 
 
Xsight Labs Ltd. Series D
2/16/21
977,119
 
 
 
 
 
Affiliated Central Funds
 
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
 
 
Affiliate
Value,
beginning
of period ($)
Purchases ($)
Sales
Proceeds ($)
Dividend
Income ($)
Realized
Gain (loss) ($)
Change in
Unrealized
appreciation
(depreciation) ($)
Value,
end
of period ($)
% ownership,
end
of period
Fidelity Cash Central Fund 4.63%
22,944,514
240,563,809
241,231,909
413,665
-
-
22,276,414
0.1%
Fidelity Securities Lending Cash Central Fund 4.63%
347,584,554
590,501,107
496,089,744
223,672
-
-
441,995,917
1.4%
Total
370,529,068
831,064,916
737,321,653
637,337
-
-
464,272,331
 
 
 
 
 
 
 
 
 
 
Amounts in the dividend 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. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.   
 
The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
 
Level 1 - Unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)
 
Valuation techniques used to value investments by major category are as follows:
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing service on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For any foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.
 
Securities, including private placements or other restricted securities, for which observable inputs are not available are valued using alternate valuation approaches, including the market approach, the income approach and cost approach, and are categorized as Level 3 in the hierarchy. The market approach considers factors including the price of recent investments in the same or a similar security or financial metrics of comparable securities. The income approach considers factors including expected future cash flows, security specific risks and corresponding discount rates. The cost approach considers factors including the value of the security's underlying assets and liabilities.
 
Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing services or from brokers who make markets in such securities. Convertible Bonds and Preferred Securities are valued by pricing services who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by 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 services. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
 
Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
 
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.
 
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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