NPORT-EX 2 QTLY_3458_20240229.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Growth Company K6 Fund
February 29, 2024
GCF-K6-NPRT1-0424
1.9893922.104
Common Stocks - 98.4%
 
 
Shares
Value ($)
 
COMMUNICATION SERVICES - 9.5%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Verizon Communications, Inc.
 
7,213
288,664
Entertainment - 1.1%
 
 
 
Netflix, Inc. (a)
 
291,259
175,605,876
Roblox Corp. (a)
 
179,603
7,166,160
Roku, Inc. Class A (a)
 
147,172
9,298,327
The Walt Disney Co.
 
89,408
9,976,145
 
 
 
202,046,508
Interactive Media & Services - 8.0%
 
 
 
Alphabet, Inc.:
 
 
 
 Class A (a)
 
4,191,556
580,362,844
 Class C (a)
 
1,803,640
252,112,799
Epic Games, Inc. (a)(b)(c)
 
5,000
3,430,300
Meta Platforms, Inc. Class A
 
1,255,989
615,597,889
Snap, Inc. Class A (a)
 
2,234,134
24,620,157
 
 
 
1,476,123,989
Media - 0.0%
 
 
 
Comcast Corp. Class A
 
42,658
1,827,895
The Trade Desk, Inc. (a)
 
24,017
2,051,772
 
 
 
3,879,667
Wireless Telecommunication Services - 0.4%
 
 
 
T-Mobile U.S., Inc.
 
431,908
70,530,576
TOTAL COMMUNICATION SERVICES
 
 
1,752,869,404
CONSUMER DISCRETIONARY - 17.9%
 
 
 
Automobiles - 1.1%
 
 
 
Rad Power Bikes, Inc. (a)(b)(c)
 
171,416
73,709
Rad Power Bikes, Inc. warrants 10/6/33 (a)(b)(c)
 
280,502
661,985
Rivian Automotive, Inc. (a)(d)
 
2,629,505
29,765,997
Tesla, Inc. (a)
 
861,292
173,877,629
 
 
 
204,379,320
Broadline Retail - 6.1%
 
 
 
Amazon.com, Inc. (a)
 
5,895,529
1,042,093,706
Etsy, Inc. (a)
 
32,085
2,300,174
Ollie's Bargain Outlet Holdings, Inc. (a)
 
841,749
67,483,017
Ozon Holdings PLC ADR (a)(c)(d)
 
6,684
88,229
PDD Holdings, Inc. ADR (a)
 
46,268
5,762,217
 
 
 
1,117,727,343
Diversified Consumer Services - 0.0%
 
 
 
Duolingo, Inc. (a)
 
14,559
3,479,601
Hotels, Restaurants & Leisure - 1.2%
 
 
 
Airbnb, Inc. Class A (a)
 
82,434
12,980,882
Booking Holdings, Inc.
 
24,324
84,375,821
Chipotle Mexican Grill, Inc. (a)
 
15,306
41,154,314
Dutch Bros, Inc. (a)
 
241,542
7,036,118
Expedia, Inc. (a)
 
76,003
10,398,730
Marriott International, Inc. Class A
 
123,292
30,806,972
McDonald's Corp.
 
886
258,960
Penn Entertainment, Inc. (a)
 
758,952
13,888,822
Shake Shack, Inc. Class A (a)
 
20,317
2,160,103
Sonder Holdings, Inc.:
 
 
 
 Stage 1 rights (a)(c)
 
5,104
51
 Stage 2 rights (a)(c)
 
5,104
0
 Stage 3 rights (a)(c)
 
5,104
0
 Stage 4 rights (a)(c)
 
5,104
0
 Stage 5:
 
 
 
 rights (a)(c)
 
5,103
0
 rights (a)(c)
 
5,102
0
Starbucks Corp.
 
130,124
12,348,768
Sweetgreen, Inc. Class A (a)
 
301,405
3,839,900
Zomato Ltd. (a)
 
1,275,000
2,544,770
 
 
 
221,794,211
Household Durables - 0.4%
 
 
 
Garmin Ltd.
 
99,601
13,680,197
Lennar Corp. Class A
 
342,928
54,357,517
Purple Innovation, Inc. (d)
 
1,095,007
2,036,713
SharkNinja Hong Kong Co. Ltd.
 
70,994
3,833,676
Toll Brothers, Inc.
 
53,653
6,150,780
 
 
 
80,058,883
Specialty Retail - 2.7%
 
 
 
Abercrombie & Fitch Co. Class A (a)
 
73,929
9,445,169
Dick's Sporting Goods, Inc.
 
55,170
9,814,191
Fanatics, Inc. Class A (a)(b)(c)
 
204,775
14,663,938
Five Below, Inc. (a)
 
39,129
7,852,408
Floor & Decor Holdings, Inc. Class A (a)
 
105,015
12,719,417
Foot Locker, Inc.
 
223,553
7,696,930
Lowe's Companies, Inc.
 
300,210
72,251,541
Revolve Group, Inc. (a)(d)
 
674,154
14,784,197
RH (a)
 
12,680
3,479,392
Ross Stores, Inc.
 
118,745
17,688,255
RumbleON, Inc. Class B (a)(d)
 
183,445
1,392,348
The Home Depot, Inc.
 
337,320
128,387,365
TJX Companies, Inc.
 
1,156,055
114,611,293
Wayfair LLC Class A (a)(d)
 
1,309,215
78,029,214
 
 
 
492,815,658
Textiles, Apparel & Luxury Goods - 6.4%
 
 
 
Birkenstock Holding PLC (d)
 
95,826
4,792,258
Canada Goose Holdings, Inc. (a)(d)
 
459,573
6,261,286
Crocs, Inc. (a)
 
71,302
8,716,670
Deckers Outdoor Corp. (a)
 
231,559
207,381,925
Figs, Inc. Class A (a)(d)
 
124,308
650,131
Li Ning Co. Ltd.
 
502,393
1,252,534
lululemon athletica, Inc. (a)
 
1,533,183
716,134,447
NIKE, Inc. Class B
 
297,685
30,938,402
On Holding AG (a)(d)
 
1,670,599
58,504,377
Skechers U.S.A., Inc. Class A (sub. vtg.) (a)
 
2,266,232
140,075,800
 
 
 
1,174,707,830
TOTAL CONSUMER DISCRETIONARY
 
 
3,294,962,846
CONSUMER STAPLES - 2.9%
 
 
 
Beverages - 1.2%
 
 
 
Celsius Holdings, Inc. (a)(d)
 
338,883
27,659,630
Constellation Brands, Inc. Class A (sub. vtg.)
 
11,329
2,815,483
Keurig Dr. Pepper, Inc.
 
678,339
20,289,119
Monster Beverage Corp.
 
955,815
56,488,667
PepsiCo, Inc.
 
223,523
36,957,293
The Coca-Cola Co.
 
1,283,914
77,060,518
 
 
 
221,270,710
Consumer Staples Distribution & Retail - 0.9%
 
 
 
Costco Wholesale Corp.
 
116,026
86,310,581
Dollar General Corp.
 
42,544
6,182,069
Dollar Tree, Inc. (a)
 
33,143
4,861,415
Kroger Co.
 
221,583
10,992,733
Maplebear, Inc. (NASDAQ)
 
26,388
858,666
Target Corp.
 
163,278
24,968,472
Walmart, Inc.
 
369,915
21,680,718
 
 
 
155,854,654
Food Products - 0.2%
 
 
 
Bowery Farming, Inc. warrants (a)(b)(c)
 
14,709
60,748
Bunge Global SA
 
163,071
15,389,010
Kellanova
 
46,809
2,581,516
Mondelez International, Inc.
 
95,258
6,960,502
The Hershey Co.
 
46,645
8,765,528
The Real Good Food Co. LLC:
 
 
 
 Class B (a)(c)
 
149,688
2
 Class B unit (a)(e)
 
149,688
173,638
The Real Good Food Co., Inc. (a)
 
183,251
212,571
WK Kellogg Co.
 
36,201
529,983
 
 
 
34,673,498
Household Products - 0.2%
 
 
 
Church & Dwight Co., Inc.
 
62,842
6,291,741
Colgate-Palmolive Co.
 
33,166
2,869,522
Procter & Gamble Co.
 
179,886
28,591,081
The Clorox Co.
 
24,277
3,721,907
 
 
 
41,474,251
Personal Care Products - 0.1%
 
 
 
elf Beauty, Inc. (a)
 
49,002
10,218,387
Kenvue, Inc.
 
131,293
2,494,567
Oddity Tech Ltd. (e)
 
57,026
2,405,357
Oddity Tech Ltd. (d)
 
33,662
1,419,863
Olaplex Holdings, Inc. (a)
 
170,532
317,190
The Beauty Health Co. (a)(d)
 
1,565,510
5,213,148
The Beauty Health Co. (a)(b)
 
428,643
1,427,381
 
 
 
23,495,893
Tobacco - 0.3%
 
 
 
JUUL Labs, Inc. Class A (a)(b)(c)(f)
 
2,686,353
2,874,398
Philip Morris International, Inc.
 
654,368
58,866,945
 
 
 
61,741,343
TOTAL CONSUMER STAPLES
 
 
538,510,349
ENERGY - 0.7%
 
 
 
Energy Equipment & Services - 0.1%
 
 
 
Baker Hughes Co. Class A
 
210,473
6,227,896
Halliburton Co.
 
452,299
15,862,126
 
 
 
22,090,022
Oil, Gas & Consumable Fuels - 0.6%
 
 
 
Cameco Corp.
 
661,121
26,795,234
EOG Resources, Inc.
 
9,384
1,074,093
EQT Corp.
 
137,932
5,124,174
Hess Corp.
 
114,801
16,732,246
Range Resources Corp.
 
810,068
25,614,350
Reliance Industries Ltd.
 
506,346
17,845,955
Valero Energy Corp.
 
60,121
8,504,717
 
 
 
101,690,769
TOTAL ENERGY
 
 
123,780,791
FINANCIALS - 3.1%
 
 
 
Banks - 0.5%
 
 
 
Bank of America Corp.
 
817,912
28,234,322
HDFC Bank Ltd. sponsored ADR
 
417,497
22,336,090
JPMorgan Chase & Co.
 
123,206
22,923,708
Wells Fargo & Co.
 
201,501
11,201,441
 
 
 
84,695,561
Capital Markets - 0.3%
 
 
 
3i Group PLC
 
124,088
3,876,890
BlackRock, Inc. Class A
 
43,441
35,245,421
Coinbase Global, Inc. (a)
 
75,334
15,334,989
 
 
 
54,457,300
Financial Services - 2.3%
 
 
 
Adimab LLC (b)(c)(g)
 
196,899
3,762,740
Block, Inc. Class A (a)
 
102,596
8,153,304
Jio Financial Services Ltd.
 
672,846
2,516,222
MasterCard, Inc. Class A
 
381,074
180,918,692
PayPal Holdings, Inc. (a)
 
181,586
10,956,899
Saluda Medical, Inc. warrants 1/20/27 (a)(b)(c)
 
23,230
70,852
Toast, Inc. (a)(d)
 
658,720
15,150,560
Visa, Inc. Class A
 
748,749
211,626,417
 
 
 
433,155,686
Insurance - 0.0%
 
 
 
Progressive Corp.
 
19,100
3,620,596
TOTAL FINANCIALS
 
 
575,929,143
HEALTH CARE - 13.4%
 
 
 
Biotechnology - 7.4%
 
 
 
4D Molecular Therapeutics, Inc. (a)
 
71,200
1,995,024
4D Pharma PLC (a)(c)(d)
 
1,121,955
235,946
AbbVie, Inc.
 
136,864
24,094,907
Absci Corp. (a)(d)
 
1,572,343
8,113,290
ACADIA Pharmaceuticals, Inc. (a)
 
521,661
12,123,402
Acelyrin, Inc.
 
184,480
1,558,856
Akouos, Inc. (CVR) (a)(c)
 
338,256
280,752
Alector, Inc. (a)
 
1,273,701
8,877,696
Allogene Therapeutics, Inc. (a)
 
1,313,495
6,449,260
Alnylam Pharmaceuticals, Inc. (a)
 
457,498
69,123,373
Amgen, Inc.
 
120,104
32,888,078
Annexon, Inc. (a)
 
549,442
3,060,392
Apellis Pharmaceuticals, Inc. (a)
 
95,964
5,946,889
Apogee Therapeutics, Inc. (d)
 
323,625
11,268,623
Arcellx, Inc. (a)
 
16,000
1,053,120
Argenx SE ADR (a)
 
195,662
74,353,517
Arrowhead Pharmaceuticals, Inc. (a)
 
185,963
5,969,412
Ascendis Pharma A/S sponsored ADR (a)
 
17,723
2,618,750
aTyr Pharma, Inc. (a)
 
822,503
1,579,206
Avidity Biosciences, Inc. (a)
 
823,876
15,076,931
Avidity Biosciences, Inc. (b)
 
193,700
3,196,050
AVROBIO, Inc. (b)(c)(f)
 
176,989
2,194,501
Beam Therapeutics, Inc. (a)(d)
 
296,250
11,698,913
BeiGene Ltd. ADR (a)(d)
 
157,697
26,122,508
Biomea Fusion, Inc. (a)(d)
 
629,479
11,015,883
BioNTech SE ADR (a)
 
24,353
2,166,443
BioXcel Therapeutics, Inc. (a)(d)
 
316,746
1,007,252
Cargo Therapeutics, Inc.
 
141,526
3,422,099
Caris Life Sciences, Inc. (a)(b)(c)
 
362,791
1,012,187
Century Therapeutics, Inc. (a)(d)
 
555,033
2,036,971
Cerevel Therapeutics Holdings (a)
 
379,564
15,562,124
Cibus, Inc. (a)(d)
 
269,940
4,707,754
Codiak Biosciences, Inc. warrants 9/15/27 (a)(c)
 
95,000
1
CRISPR Therapeutics AG (a)(d)
 
235,568
19,839,537
Cyclerion Therapeutics, Inc. (a)
 
9,534
30,032
Day One Biopharmaceuticals, Inc. (a)(d)
 
294,386
4,925,078
Denali Therapeutics, Inc. (a)
 
6,070
120,065
Dianthus Therapeutics, Inc. (a)
 
80,342
1,988,465
Dianthus Therapeutics, Inc. (unlisted) (b)
 
181,889
4,276,665
Disc Medicine, Inc. rights (a)(c)
 
50,893
1
Dyne Therapeutics, Inc. (a)
 
176,900
4,758,610
Foghorn Therapeutics, Inc. (a)(d)
 
290,298
2,244,004
Generation Bio Co. (a)
 
503,195
1,263,019
Geron Corp. (a)
 
600,357
1,200,714
Ideaya Biosciences, Inc. (a)
 
896,500
40,073,550
Idorsia Ltd. (a)(d)
 
195,473
493,352
Immunocore Holdings PLC ADR (a)
 
225,991
15,191,115
Immunome, Inc. (a)(d)
 
443,152
10,724,278
Immunovant, Inc. (a)
 
812,438
28,735,932
Invivyd, Inc. (a)
 
690,823
2,714,934
Ionis Pharmaceuticals, Inc. (a)(d)
 
2,419,506
109,385,866
Janux Therapeutics, Inc. (a)
 
350,687
16,966,237
Korro Bio, Inc. (m)
 
36,539
1,676,592
Korro Bio, Inc. (b)
 
21,489
1,037,919
Krystal Biotech, Inc. (a)
 
212,235
33,845,115
Kymera Therapeutics, Inc. (a)
 
317,762
13,568,437
Legend Biotech Corp. ADR (a)
 
655,247
42,695,895
Lyell Immunopharma, Inc. (a)
 
325,642
950,875
Moderna, Inc. (a)
 
362,760
33,460,982
Monte Rosa Therapeutics, Inc. (a)
 
256,970
1,626,620
Moonlake Immunotherapeutics (a)(d)
 
81,873
3,949,554
Morphic Holding, Inc. (a)
 
466,178
17,225,277
Nuvalent, Inc. Class A (a)
 
602,134
50,651,512
Omega Therapeutics, Inc. (a)(d)
 
755,934
3,106,889
ORIC Pharmaceuticals, Inc. (a)(d)
 
275,290
3,507,195
Poseida Therapeutics, Inc. (a)
 
1,156,573
4,580,029
Prothena Corp. PLC (a)
 
823,660
22,724,779
RAPT Therapeutics, Inc. (a)
 
482,252
4,132,900
Recursion Pharmaceuticals, Inc. (a)(d)
 
635,386
8,552,296
Regeneron Pharmaceuticals, Inc. (a)
 
88,592
85,587,845
Relay Therapeutics, Inc. (a)
 
212,417
2,128,418
Revolution Medicines, Inc. (a)
 
352,312
10,386,158
Roivant Sciences Ltd. (a)
 
3,492,724
39,956,763
Sage Therapeutics, Inc. (a)
 
548,067
11,772,479
Sagimet Biosciences, Inc. (d)
 
68,054
417,171
Sana Biotechnology, Inc. (a)(d)
 
1,446,327
14,521,123
Scholar Rock Holding Corp. (a)
 
704,345
10,917,348
Scholar Rock Holding Corp. warrants 12/31/25 (a)(b)
 
39,325
357,647
Seres Therapeutics, Inc. (a)(d)
 
2,156,475
2,458,382
Shattuck Labs, Inc. (a)
 
583,260
5,091,860
Sigilon Therapeutics, Inc. rights (a)(c)
 
8,716
65,980
SpringWorks Therapeutics, Inc. (a)(d)
 
1,201,404
59,181,161
Spyre Therapeutics, Inc. (b)
 
116,531
3,037,730
Spyre Therapeutics, Inc. (a)
 
212,577
5,833,113
Summit Therapeutics, Inc. (a)(d)
 
145,400
660,116
Tango Therapeutics, Inc. (a)
 
395,249
4,399,121
Tango Therapeutics, Inc. (b)
 
166,072
1,848,381
Taysha Gene Therapies, Inc. (a)
 
1,459,758
4,612,835
Tourmaline Bio, Inc.
 
25,148
976,245
Turnstone Biologics Corp.
 
71,605
326,519
UNITY Biotechnology, Inc. warrants 8/22/27 (a)
 
718,049
6,719
Vaxcyte, Inc. (a)
 
365,204
26,959,359
Vera Therapeutics, Inc. (a)
 
248,082
11,679,701
Vertex Pharmaceuticals, Inc. (a)
 
82,226
34,595,767
Verve Therapeutics, Inc. (a)(d)
 
137,415
2,342,926
Viking Therapeutics, Inc. (a)
 
1,246,075
96,010,079
Vor Biopharma, Inc. (a)
 
514,504
1,183,359
WuXi XDC Cayman, Inc.
 
140,755
327,191
Zai Lab Ltd. ADR (a)(d)
 
122,906
2,578,568
Zealand Pharma A/S (a)
 
243,286
23,423,752
Zentalis Pharmaceuticals, Inc. (a)
 
284,017
4,234,693
 
 
 
1,350,912,939
Health Care Equipment & Supplies - 1.0%
 
 
 
Abbott Laboratories
 
26,886
3,189,755
Blink Health LLC Series A1 (a)(b)(c)
 
65,933
3,126,543
Boston Scientific Corp. (a)
 
40,792
2,700,838
DexCom, Inc. (a)
 
75,730
8,714,251
Inspire Medical Systems, Inc. (a)
 
18,357
3,286,637
Insulet Corp. (a)
 
90,398
14,825,272
Intuitive Surgical, Inc. (a)
 
199,465
76,913,704
Medical Microinstruments, Inc. warrants 2/16/31 (a)(b)(c)
 
3,611
0
Novocure Ltd. (a)
 
1,816,999
27,818,255
Outset Medical, Inc. (a)
 
431,848
1,360,321
Penumbra, Inc. (a)
 
7,057
1,657,830
Presbia PLC (a)(c)
 
96,997
1
PROCEPT BioRobotics Corp. (a)
 
482,233
23,311,143
Shockwave Medical, Inc. (a)
 
80,014
20,873,252
 
 
 
187,777,802
Health Care Providers & Services - 0.9%
 
 
 
Alignment Healthcare, Inc. (a)
 
442,783
2,656,698
Guardant Health, Inc. (a)
 
145,008
2,755,152
Humana, Inc.
 
17,156
6,010,090
McKesson Corp.
 
31,756
16,557,896
The Oncology Institute, Inc. (a)(b)
 
446,788
839,961
UnitedHealth Group, Inc.
 
279,474
137,948,366
 
 
 
166,768,163
Health Care Technology - 0.0%
 
 
 
DNA Script (a)(b)(c)
 
115
12,931
DNA Script (a)(b)(c)
 
439
49,407
 
 
 
62,338
Life Sciences Tools & Services - 0.4%
 
 
 
10X Genomics, Inc. (a)
 
600,565
28,010,352
Danaher Corp.
 
34,629
8,765,985
Gerresheimer AG
 
21,332
2,499,230
Thermo Fisher Scientific, Inc.
 
42,516
24,241,773
WuXi AppTec Co. Ltd. (H Shares) (e)
 
339,282
2,110,356
Wuxi Biologics (Cayman), Inc. (a)(e)
 
2,288,201
5,419,853
 
 
 
71,047,549
Pharmaceuticals - 3.7%
 
 
 
Adimab LLC (a)(b)(c)(g)
 
196,899
1,256,216
Agomab Therapeutics SA warrants 10/10/33 (a)(c)
 
10
0
Alto Neuroscience, Inc.
 
127,000
1,955,800
Arvinas Holding Co. LLC (a)
 
58,341
2,682,519
Atea Pharmaceuticals, Inc. (a)
 
682,070
2,939,722
Bristol-Myers Squibb Co.
 
129,656
6,580,042
Dragonfly Therapeutics, Inc. (a)(b)(c)
 
31,376
569,161
Eli Lilly & Co.
 
599,615
451,917,833
Fulcrum Therapeutics, Inc. (a)
 
444,767
4,541,071
GH Research PLC (a)
 
352,153
3,127,119
Harmony Biosciences Holdings, Inc. (a)(d)
 
555,570
17,833,797
Intra-Cellular Therapies, Inc. (a)
 
989,136
68,764,735
Merck & Co., Inc.
 
56,773
7,218,687
Neumora Therapeutics, Inc. (d)
 
156,446
2,758,143
Novo Nordisk A/S Series B sponsored ADR
 
461,081
55,223,671
Nuvation Bio, Inc. (a)
 
2,412,933
4,512,185
OptiNose, Inc. (a)
 
1,659,373
2,953,684
OptiNose, Inc. warrants (a)
 
233,127
126,802
Pfizer, Inc.
 
26,966
716,217
Pharvaris BV (a)
 
257,919
5,916,662
Pliant Therapeutics, Inc. (a)(d)
 
478,795
7,598,477
Sienna Biopharmaceuticals, Inc. (a)(c)
 
406,323
4
Skyhawk Therapeutics, Inc. (a)(b)(c)
 
127,580
1,465,894
Structure Therapeutics, Inc. ADR
 
31,587
1,281,485
UCB SA
 
279,280
32,146,580
 
 
 
684,086,506
TOTAL HEALTH CARE
 
 
2,460,655,297
INDUSTRIALS - 4.0%
 
 
 
Aerospace & Defense - 0.5%
 
 
 
AeroVironment, Inc. (a)
 
34,551
4,380,721
Lockheed Martin Corp.
 
42,797
18,327,387
Space Exploration Technologies Corp. Class A (a)(b)(c)
 
324,714
31,497,258
The Boeing Co. (a)
 
130,649
26,615,814
 
 
 
80,821,180
Air Freight & Logistics - 0.0%
 
 
 
Delhivery Private Ltd. (a)
 
486,000
2,773,709
United Parcel Service, Inc. Class B
 
22,914
3,397,230
 
 
 
6,170,939
Building Products - 0.0%
 
 
 
Builders FirstSource, Inc. (a)
 
20,200
3,942,636
Commercial Services & Supplies - 0.0%
 
 
 
Veralto Corp.
 
11,313
977,669
Construction & Engineering - 0.2%
 
 
 
Fluor Corp. (a)
 
491,391
18,083,189
Quanta Services, Inc.
 
56,904
13,742,885
 
 
 
31,826,074
Electrical Equipment - 0.8%
 
 
 
Eaton Corp. PLC
 
294,822
85,203,558
Emerson Electric Co.
 
211,603
22,609,781
Fluence Energy, Inc. (a)(d)
 
9,327
142,610
Generac Holdings, Inc. (a)
 
144,332
16,238,793
Nextracker, Inc. Class A
 
50,984
2,867,340
NuScale Power Corp. (a)(d)
 
279,010
864,931
Schneider Electric SA
 
72,400
16,455,968
Vertiv Holdings Co.
 
142,042
9,604,880
 
 
 
153,987,861
Ground Transportation - 1.5%
 
 
 
Avis Budget Group, Inc. (d)
 
402,979
43,537,851
Bird Global, Inc.:
 
 
 
 Stage 1 rights (a)(c)
 
1,095
0
 Stage 2 rights (a)(c)
 
1,095
0
 Stage 3 rights (a)(c)
 
1,095
0
Hertz Global Holdings, Inc. (a)(d)
 
75,629
593,688
Lyft, Inc. (a)
 
1,044,553
16,587,502
Old Dominion Freight Lines, Inc.
 
14,800
6,548,704
Uber Technologies, Inc. (a)
 
2,017,768
160,412,556
Union Pacific Corp.
 
152,134
38,594,874
 
 
 
266,275,175
Industrial Conglomerates - 0.1%
 
 
 
General Electric Co.
 
65,708
10,308,928
Honeywell International, Inc.
 
44,797
8,902,508
 
 
 
19,211,436
Machinery - 0.5%
 
 
 
Caterpillar, Inc.
 
137,576
45,944,881
Deere & Co.
 
68,993
25,185,895
Illinois Tool Works, Inc.
 
57,955
15,192,903
Ingersoll Rand, Inc.
 
81,505
7,443,852
 
 
 
93,767,531
Passenger Airlines - 0.4%
 
 
 
Delta Air Lines, Inc.
 
407,665
17,232,000
Ryanair Holdings PLC sponsored ADR
 
7,350
1,016,138
Southwest Airlines Co.
 
618,185
21,185,200
United Airlines Holdings, Inc. (a)
 
423,940
19,285,031
Wizz Air Holdings PLC (a)(e)
 
456,893
12,324,849
 
 
 
71,043,218
Professional Services - 0.0%
 
 
 
LegalZoom.com, Inc. (a)
 
220,069
2,728,856
Paylocity Holding Corp. (a)
 
26,350
4,442,874
 
 
 
7,171,730
TOTAL INDUSTRIALS
 
 
735,195,449
INFORMATION TECHNOLOGY - 46.2%
 
 
 
Communications Equipment - 0.7%
 
 
 
Arista Networks, Inc. (a)
 
215,506
59,811,535
Ciena Corp. (a)
 
965,008
54,986,156
Infinera Corp. (a)(d)
 
4,175,126
20,959,133
 
 
 
135,756,824
Electronic Equipment, Instruments & Components - 0.0%
 
 
 
Coherent Corp. (a)
 
72,070
4,286,724
TE Connectivity Ltd.
 
3,657
524,999
 
 
 
4,811,723
IT Services - 1.7%
 
 
 
Accenture PLC Class A
 
135,455
50,765,825
Akamai Technologies, Inc. (a)
 
20,900
2,318,228
Cloudflare, Inc. (a)(d)
 
1,146,080
112,934,723
IBM Corp.
 
171,516
31,735,605
Kyndryl Holdings, Inc. (a)
 
93,300
2,049,801
MongoDB, Inc. Class A (a)
 
30,663
13,724,146
Okta, Inc. (a)
 
183,468
19,686,116
Shopify, Inc. Class A (a)
 
681,262
52,050,294
Snowflake, Inc. (a)
 
97,181
18,297,239
Twilio, Inc. Class A (a)
 
12,878
767,400
X Holdings Corp. Class A (b)(c)
 
26,890
721,997
 
 
 
305,051,374
Semiconductors & Semiconductor Equipment - 21.0%
 
 
 
Advanced Micro Devices, Inc. (a)
 
823,314
158,512,644
Allegro MicroSystems LLC (a)
 
86,778
2,732,639
Applied Materials, Inc.
 
438,793
88,469,445
Arm Holdings Ltd. ADR (d)
 
95,889
13,524,185
ASML Holding NV (depository receipt)
 
29,547
28,119,289
Broadcom, Inc.
 
50,377
65,514,785
Cirrus Logic, Inc. (a)
 
294,859
27,073,953
Enphase Energy, Inc. (a)
 
44,478
5,649,151
First Solar, Inc. (a)
 
235,545
36,248,020
GlobalFoundries, Inc. (a)
 
156,339
8,547,053
Impinj, Inc. (a)
 
191,115
20,873,580
Intel Corp.
 
8,813
379,400
KLA Corp.
 
63,674
43,444,770
Lam Research Corp.
 
23,071
21,646,366
Lattice Semiconductor Corp. (a)
 
76,634
5,870,931
Marvell Technology, Inc.
 
1,125,131
80,626,887
Micron Technology, Inc.
 
223,112
20,216,178
Monolithic Power Systems, Inc.
 
40,010
28,808,800
NVIDIA Corp.
 
3,785,558
2,994,830,637
ON Semiconductor Corp. (a)
 
281,352
22,204,300
Qualcomm, Inc.
 
165,574
26,125,921
Silicon Laboratories, Inc. (a)
 
577,299
79,401,704
SiTime Corp. (a)
 
196,751
18,199,468
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR
 
157,438
20,257,547
Teradyne, Inc.
 
83,421
8,641,581
Texas Instruments, Inc.
 
162,633
27,213,380
Wolfspeed, Inc. (a)(d)
 
130,073
3,384,499
Xsight Labs Ltd. warrants 1/11/34 (a)(b)(c)
 
24,668
45,142
 
 
 
3,856,562,255
Software - 14.5%
 
 
 
Adobe, Inc. (a)
 
242,355
135,786,659
ASAPP, Inc. warrants 8/28/28 (a)(b)(c)
 
351,555
826,154
Atlassian Corp. PLC (a)
 
11,234
2,330,156
Autodesk, Inc. (a)
 
121,043
31,249,671
Bill Holdings, Inc. (a)
 
33,131
2,098,186
Clear Secure, Inc.
 
616
11,858
Confluent, Inc. (a)
 
502,960
17,035,255
CoreWeave, Inc. (b)(c)
 
41,224
15,011,720
Crowdstrike Holdings, Inc. (a)
 
146,006
47,327,845
Datadog, Inc. Class A (a)
 
135,246
17,779,439
DocuSign, Inc. (a)
 
21,400
1,139,978
Elastic NV (a)
 
64,354
8,611,209
Freshworks, Inc. (a)
 
378,382
7,734,128
HubSpot, Inc. (a)
 
65,816
40,727,599
Intuit, Inc.
 
94,618
62,721,326
Microsoft Corp.
 
2,425,624
1,003,335,111
Nutanix, Inc. Class A (a)
 
4,221,235
266,613,203
Oracle Corp.
 
2,229,506
248,991,230
Palantir Technologies, Inc. (a)
 
365,911
9,177,048
Palo Alto Networks, Inc. (a)
 
119,983
37,260,721
PTC, Inc. (a)
 
5,121
937,194
RingCentral, Inc. (a)
 
37,909
1,266,919
Salesforce, Inc.
 
1,207,072
372,767,975
Samsara, Inc. (a)
 
129,004
4,457,088
SentinelOne, Inc. (a)(d)
 
79,888
2,250,445
ServiceNow, Inc. (a)
 
283,131
218,390,266
Stripe, Inc. Class B (a)(b)(c)
 
38,500
977,515
UiPath, Inc. Class A (a)
 
1,735,718
41,223,303
Workday, Inc. Class A (a)
 
72,461
21,351,358
Zoom Video Communications, Inc. Class A (a)
 
260,225
18,405,714
Zscaler, Inc. (a)
 
95,701
23,156,771
 
 
 
2,660,953,044
Technology Hardware, Storage & Peripherals - 8.3%
 
 
 
Apple, Inc.
 
6,969,985
1,259,824,789
Pure Storage, Inc. Class A (a)
 
4,880,762
256,972,119
Samsung Electronics Co. Ltd. (a)
 
89,935
4,943,204
Seagate Technology Holdings PLC
 
49,700
4,624,585
Super Micro Computer, Inc. (a)
 
2,400
2,078,688
 
 
 
1,528,443,385
TOTAL INFORMATION TECHNOLOGY
 
 
8,491,578,605
MATERIALS - 0.5%
 
 
 
Chemicals - 0.2%
 
 
 
Albemarle Corp. (d)
 
48,454
6,679,384
Corteva, Inc.
 
340,015
18,197,603
Farmers Business Network, Inc. (a)(c)
 
9,829
21,329
Farmers Business Network, Inc. warrants 9/27/33 (a)(b)(c)
 
993,920
2,146,867
 
 
 
27,045,183
Metals & Mining - 0.3%
 
 
 
Barrick Gold Corp. (Canada)
 
469,909
6,852,226
Freeport-McMoRan, Inc.
 
1,374,377
51,965,194
 
 
 
58,817,420
TOTAL MATERIALS
 
 
85,862,603
REAL ESTATE - 0.2%
 
 
 
Equity Real Estate Investment Trusts (REITs) - 0.2%
 
 
 
American Tower Corp.
 
90,188
17,934,786
Equinix, Inc.
 
7,700
6,843,914
 
 
 
24,778,700
 
TOTAL COMMON STOCKS
 (Cost $11,002,732,317)
 
 
 
18,084,123,187
 
 
 
 
Preferred Stocks - 1.5%
 
 
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
10,843,994
Reddit, Inc.:
 
 
 
  Series E(a)(b)(c)
 
4,501
131,744
  Series F(a)(b)(c)
 
88,486
2,589,985
 
 
 
13,565,723
CONSUMER DISCRETIONARY - 0.1%
 
 
 
Automobiles - 0.0%
 
 
 
Rad Power Bikes, Inc.:
 
 
 
  Series A(a)(b)(c)
 
22,348
9,610
  Series C(a)(b)(c)
 
87,936
65,073
  Series D(a)(b)(c)
 
219,600
237,168
 
 
 
311,851
Broadline Retail - 0.0%
 
 
 
Meesho Series F (a)(b)(c)
 
66,982
3,422,110
 
 
 
 
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Discord, Inc. Series I (a)(b)(c)
 
1,400
351,876
 
 
 
 
Textiles, Apparel & Luxury Goods - 0.1%
 
 
 
Canva, Inc.:
 
 
 
  Series A(b)(c)
 
1,477
1,575,457
  Series A2(b)(c)
 
268
285,865
Freenome, Inc.:
 
 
 
  Series C(a)(b)(c)
 
141,369
999,479
  Series D(a)(b)(c)
 
125,665
934,948
Laronde, Inc. Series B (a)(b)(c)
 
81,282
2,275,896
 
 
 
6,071,645
TOTAL CONSUMER DISCRETIONARY
 
 
10,157,482
 
 
 
 
CONSUMER STAPLES - 0.0%
 
 
 
Consumer Staples Distribution & Retail - 0.0%
 
 
 
GoBrands, Inc.:
 
 
 
  Series G(a)(b)(c)
 
19,907
968,675
  Series H(a)(b)(c)
 
20,720
1,269,100
 
 
 
2,237,775
Food Products - 0.0%
 
 
 
AgBiome LLC Series D (a)(b)(c)
 
511,821
179,137
Bowery Farming, Inc.:
 
 
 
  Series C1(a)(b)(c)
 
27,155
216,154
  Series D1(b)(c)
 
14,709
78,252
 
 
 
473,543
TOTAL CONSUMER STAPLES
 
 
2,711,318
 
 
 
 
FINANCIALS - 0.1%
 
 
 
Financial Services - 0.1%
 
 
 
Akeana Series C (b)(c)
 
113,800
1,447,536
Kartos Therapeutics, Inc. Series C (b)(c)
 
472,772
2,770,444
Paragon Biosciences Emalex Capital, Inc.:
 
 
 
  Series C(a)(b)(c)
 
109,967
1,299,810
  Series D1(a)(b)(c)
 
190,900
2,262,165
  Series D2(a)(b)(c)
 
15,557
175,172
Saluda Medical, Inc.:
 
 
 
  Series D(b)(c)
 
154,870
1,906,450
  Series E(b)(c)
 
287,593
2,481,928
Tenstorrent Holdings, Inc. Series C1 (b)(c)
 
32,710
1,980,591
 
 
 
14,324,096
HEALTH CARE - 0.5%
 
 
 
Biotechnology - 0.4%
 
 
 
Altos Labs, Inc. Series B (a)(b)(c)
 
124,464
2,740,697
Ankyra Therapeutics Series B (a)(b)(c)
 
329,325
1,452,323
Asimov, Inc. Series B (a)(b)(c)
 
19,920
953,371
Bright Peak Therapeutics AG Series B (a)(b)(c)
 
282,257
468,547
Caris Life Sciences, Inc. Series D (a)(b)(c)
 
258,638
721,600
Castle Creek Biosciences, Inc.:
 
 
 
  Series C(a)(b)(c)
 
582
135,653
  Series D1(a)(b)(c)
 
4,476
944,078
  Series D2(a)(b)(c)
 
1,254
235,163
Cellanome, Inc. Series B (b)(c)
 
400,974
2,995,276
Cleerly, Inc. Series C (a)(b)(c)
 
294,888
3,175,944
Deep Genomics, Inc. Series C (a)(b)(c)
 
155,443
1,702,101
Element Biosciences, Inc.:
 
 
 
  Series B(a)(b)(c)
 
125,057
1,499,433
  Series C(a)(b)(c)
 
114,255
1,369,917
ElevateBio LLC Series C (a)(b)(c)
 
247,600
859,172
Fog Pharmaceuticals, Inc.:
 
 
 
  Series D(a)(b)(c)
 
272,597
1,665,568
  Series E(b)(c)
 
202,540
1,261,824
Generate Biomedicines:
 
 
 
  Series B(a)(b)(c)
 
191,856
2,273,494
  Series C(b)(c)
 
105,751
1,253,149
Genesis Therapeutics, Inc. Series B (b)(c)
 
583,881
2,983,632
Inscripta, Inc.:
 
 
 
  Series D(a)(b)(c)
 
277,957
761,602
  Series E(a)(b)(c)
 
215,182
735,922
LifeMine Therapeutics, Inc. Series C (a)(b)(c)
 
1,759,782
3,642,749
National Resilience, Inc.:
 
 
 
  Series B(a)(b)(c)
 
182,315
8,769,352
  Series C(a)(b)(c)
 
74,748
3,595,379
Odyssey Therapeutics, Inc.:
 
 
 
  Series B(a)(b)(c)
 
458,024
2,784,786
  Series C(b)(c)
 
442,442
2,398,036
Quell Therapeutics Ltd. Series B (a)(b)(c)
 
822,639
1,661,731
Rapport Therapeutics, Inc. Series B (b)(c)
 
1,743,823
3,173,758
SalioGen Therapeutics, Inc. Series B (a)(b)(c)
 
14,028
939,876
Sonoma Biotherapeutics, Inc.:
 
 
 
  Series B(a)(b)(c)
 
587,934
1,752,043
  Series B1(a)(b)(c)
 
313,559
1,050,423
T-Knife Therapeutics, Inc. Series B (a)(b)(c)
 
241,456
1,016,530
Treeline Biosciences:
 
 
 
  Series A(a)(b)(c)
 
283,817
2,324,461
  Series A1(a)(b)(c)
 
151,334
1,269,692
 
 
 
64,567,282
Health Care Equipment & Supplies - 0.1%
 
 
 
Blink Health LLC:
 
 
 
  Series C(a)(b)(c)
 
145,007
6,876,232
  Series C1(b)(c)
 
56,458
2,677,238
Kardium, Inc. Series D6 (a)(b)(c)
 
1,087,032
837,015
Medical Microinstruments, Inc. Series C (b)(c)
 
81,214
2,707,163
 
 
 
13,097,648
Health Care Providers & Services - 0.0%
 
 
 
Boundless Bio, Inc.:
 
 
 
  Series B(a)(b)(c)
 
756,226
710,852
  Series C(b)(c)
 
1,833,120
1,338,178
Conformal Medical, Inc.:
 
 
 
  Series C(a)(b)(c)
 
140,186
642,052
  Series D(b)(c)
 
153,658
811,314
Scorpion Therapeutics, Inc. Series B (a)(b)(c)
 
260,848
401,706
 
 
 
3,904,102
Health Care Technology - 0.0%
 
 
 
Aledade, Inc.:
 
 
 
  Series B1(a)(b)(c)
 
26,096
1,228,078
  Series E1(a)(b)(c)
 
21,357
1,005,060
DNA Script:
 
 
 
  Series B(a)(b)(c)
 
6
749
  Series C(a)(b)(c)
 
2,549
974,512
Omada Health, Inc. Series E (a)(b)(c)
 
636,551
2,539,838
PrognomIQ, Inc.:
 
 
 
  Series A5(a)(b)(c)
 
37,950
66,413
  Series B(a)(b)(c)
 
196,968
482,572
  Series C(a)(b)(c)
 
65,704
182,000
Wugen, Inc. Series B (a)(b)(c)
 
121,894
689,920
 
 
 
7,169,142
Pharmaceuticals - 0.0%
 
 
 
Agomab Therapeutics SA Series C (b)(c)
 
15,098
3,749,531
Galvanize Therapeutics Series B (a)(b)(c)
 
1,125,997
1,159,777
 
 
 
4,909,308
TOTAL HEALTH CARE
 
 
93,647,482
 
 
 
 
INDUSTRIALS - 0.4%
 
 
 
Aerospace & Defense - 0.4%
 
 
 
Space Exploration Technologies Corp.:
 
 
 
  Series G(a)(b)(c)
 
7,729
7,497,130
  Series J(b)(c)
 
52,171
50,605,870
  Series N(a)(b)(c)
 
19,900
19,303,000
 
 
 
77,406,000
Construction & Engineering - 0.0%
 
 
 
Beta Technologies, Inc.:
 
 
 
  Series A(a)(b)(c)
 
10,545
1,199,388
  Series B, 6.00%(a)(b)(c)
 
20,919
2,639,559
 
 
 
3,838,947
TOTAL INDUSTRIALS
 
 
81,244,947
 
 
 
 
INFORMATION TECHNOLOGY - 0.3%
 
 
 
Electronic Equipment, Instruments & Components - 0.1%
 
 
 
Enevate Corp. Series E (a)(b)(c)
 
754,820
634,049
Menlo Micro, Inc. Series C (a)(b)(c)
 
993,699
695,589
VAST Data Ltd.:
 
 
 
  Series A(b)(c)
 
107,503
1,625,445
  Series A1(b)(c)
 
264,598
4,000,722
  Series A2(b)(c)
 
304,373
4,602,120
  Series B(b)(c)
 
242,193
3,661,958
  Series C(b)(c)
 
7,060
106,747
  Series E(b)(c)
 
231,432
3,499,252
 
 
 
18,825,882
Semiconductors & Semiconductor Equipment - 0.1%
 
 
 
Alif Semiconductor Series C (a)(b)(c)
 
43,034
819,798
Astera Labs, Inc.:
 
 
 
  Series A(a)(b)(c)
 
40,298
855,124
  Series B(a)(b)(c)
 
6,861
145,590
  Series C(a)(b)(c)
 
186,200
3,951,164
  Series D(a)(b)(c)
 
136,786
2,902,599
Retym, Inc. Series C (b)(c)
 
202,380
1,693,921
SiMa.ai:
 
 
 
  Series B(a)(b)(c)
 
299,482
2,039,472
  Series B1(a)(b)(c)
 
167,848
1,307,536
Xsight Labs Ltd.:
 
 
 
  Series D(a)(b)(c)
 
122,201
626,891
  Series D1(b)(c)
 
82,226
609,295
 
 
 
14,951,390
Software - 0.1%
 
 
 
ASAPP, Inc. Series D (b)(c)
 
612,736
1,727,916
Bolt Technology OU Series E (a)(b)(c)
 
17,815
2,082,754
Databricks, Inc.:
 
 
 
  Series G(a)(b)(c)
 
37,815
3,102,721
  Series H(a)(b)(c)
 
56,085
4,601,774
  Series I(b)(c)
 
3,131
256,899
Evozyne, Inc.:
 
 
 
  Series A(a)(b)(c)
 
78,000
1,318,200
  Series B(b)(c)
 
95,720
1,637,769
Skyryse, Inc. Series B (a)(b)(c)
 
117,653
2,389,532
Stripe, Inc. Series H (a)(b)(c)
 
14,400
365,616
 
 
 
17,483,181
Technology Hardware, Storage & Peripherals - 0.0%
 
 
 
Lightmatter, Inc.:
 
 
 
  Series C(b)(c)
 
136,712
2,984,423
  Series C2(b)(c)
 
21,474
556,177
 
 
 
3,540,600
TOTAL INFORMATION TECHNOLOGY
 
 
54,801,053
 
 
 
 
MATERIALS - 0.0%
 
 
 
Chemicals - 0.0%
 
 
 
Farmers Business Network, Inc. Series G (a)(b)(c)
 
33,030
71,675
 
 
 
 
Metals & Mining - 0.0%
 
 
 
Diamond Foundry, Inc. Series C (a)(b)(c)
 
301,038
7,537,992
 
 
 
 
TOTAL MATERIALS
 
 
7,609,667
 
 
 
 
UTILITIES - 0.0%
 
 
 
Independent Power and Renewable Electricity Producers - 0.0%
 
 
 
Redwood Materials:
 
 
 
  Series C(a)(b)(c)
 
20,469
814,257
  Series D(b)(c)
 
7,960
316,649
 
 
 
1,130,906
TOTAL CONVERTIBLE PREFERRED STOCKS
 
 
279,192,674
Nonconvertible Preferred Stocks - 0.0%
 
 
 
CONSUMER DISCRETIONARY - 0.0%
 
 
 
Automobiles - 0.0%
 
 
 
Waymo LLC Series A2 (a)(b)(c)
 
6,592
343,443
 
 
 
 
FINANCIALS - 0.0%
 
 
 
Financial Services - 0.0%
 
 
 
Circle Internet Financial Ltd. Series E (a)(b)(c)
 
127,757
3,393,226
 
 
 
 
TOTAL NONCONVERTIBLE PREFERRED STOCKS
 
 
3,736,669
 
TOTAL PREFERRED STOCKS
 (Cost $275,155,612)
 
 
 
282,929,343
 
 
 
 
Convertible Bonds - 0.0%
 
 
Principal
Amount (h)
 
Value ($)
 
CONSUMER DISCRETIONARY - 0.0%
 
 
 
Automobiles - 0.0%
 
 
 
Neutron Holdings, Inc.:
 
 
 
 4% 5/22/27 (b)(c)
 
310,600
420,894
 4% 6/12/27 (b)(c)
 
82,200
111,389
 5.5% 10/29/26 (b)(c)(i)
 
2,123,455
2,187,159
 
 
 
2,719,442
HEALTH CARE - 0.0%
 
 
 
Pharmaceuticals - 0.0%
 
 
 
Galvanize Therapeutics 6% 2/28/27 (b)(c)
 
1,089,800
1,090,127
INFORMATION TECHNOLOGY - 0.0%
 
 
 
Software - 0.0%
 
 
 
Evozyne, Inc. 6% 9/13/28 pay-in-kind (b)(c)
 
1,509,703
1,619,911
MATERIALS - 0.0%
 
 
 
Chemicals - 0.0%
 
 
 
Farmers Business Network, Inc. 15% 9/28/25 (b)(c)
 
993,920
1,317,839
 
TOTAL CONVERTIBLE BONDS
 (Cost $6,109,678)
 
 
 
6,747,319
 
 
 
 
Preferred Securities - 0.0%
 
 
Principal
Amount (h)
 
Value ($)
 
CONSUMER DISCRETIONARY - 0.0%
 
 
 
Automobiles - 0.0%
 
 
 
Rad Power Bikes, Inc. 8% 12/31/25 (b)(c)
 
280,502
514,974
FINANCIALS - 0.0%
 
 
 
Financial Services - 0.0%
 
 
 
Tenstorrent Holdings, Inc. 5% 11/6/25 (b)(c)
 
993,812
1,070,634
HEALTH CARE - 0.0%
 
 
 
Health Care Equipment & Supplies - 0.0%
 
 
 
Kardium, Inc. 0% (b)(c)(j)
 
1,541,987
1,168,826
INFORMATION TECHNOLOGY - 0.0%
 
 
 
Electronic Equipment, Instruments & Components - 0.0%
 
 
 
Enevate Corp. 6% (b)(c)(j)
 
39,251
40,852
 
TOTAL PREFERRED SECURITIES
 (Cost $2,855,552)
 
 
 
2,795,286
 
 
 
 
Money Market Funds - 2.5%
 
 
Shares
Value ($)
 
Fidelity Cash Central Fund 5.39% (k)
 
11,859,428
11,861,800
Fidelity Securities Lending Cash Central Fund 5.39% (k)(l)
 
440,709,332
440,753,403
 
TOTAL MONEY MARKET FUNDS
 (Cost $452,615,203)
 
 
452,615,203
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 102.4%
 (Cost $11,739,468,362)
 
 
 
18,829,210,338
NET OTHER ASSETS (LIABILITIES) - (2.4)%  
(440,619,279)
NET ASSETS - 100.0%
18,388,591,059
 
 
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 $395,005,845 or 2.1% 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 $22,434,053 or 0.1% of net assets.
 
(f)
Security or a portion of the security purchased on a delayed delivery or when-issued basis.
 
(g)
Investment is owned by a wholly-owned subsidiary (Subsidiary) that is treated as a corporation for U.S. tax purposes.
 
(h)
Amount is stated in United States dollars unless otherwise noted.
 
(i)
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.
 
(j)
Security is perpetual in nature with no stated maturity date.
 
(k)
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.
 
(l)
Investment made with cash collateral received from securities on loan.
 
(m)
Equity security is subject to lock-up or market standoff agreement and valued at a discount to the market price of the equivalent equity security. As of period end, the total fair value of equity securities discounted due to contractual sale restrictions is $1,676,592 and all restrictions are set to expire on or before  May 31, 2024.  Under normal market conditions, there are no circumstances that could cause the restrictions to lapse.
 
 
 
Additional information on each restricted holding is as follows:
Security
Acquisition Date
Acquisition Cost ($)
 
Adimab LLC
1/19/21
10,078,725
 
 
 
AgBiome LLC Series D
9/03/21
3,033,967
 
 
 
Agomab Therapeutics SA Series C
10/03/23
3,296,587
 
 
 
Akeana Series C
1/23/24
1,452,179
 
 
 
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
 
 
 
ASAPP, Inc. warrants 8/28/28
8/29/23
0
 
 
 
ASAPP, Inc. Series D
8/29/23
2,366,080
 
 
 
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
 
 
 
Avidity Biosciences, Inc.
2/29/24
3,196,050
 
 
 
AVROBIO, Inc.
1/30/24
2,194,501
 
 
 
Beta Technologies, Inc. Series A
4/09/21
772,632
 
 
 
Beta Technologies, Inc. Series B, 6.00%
4/04/22
2,158,213
 
 
 
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 Series C1
7/15/22 - 2/02/24
2,193,318
 
 
 
Bolt Technology OU Series E
1/03/22
4,628,275
 
 
 
Boundless Bio, Inc. Series B
4/23/21
1,020,905
 
 
 
Boundless Bio, Inc. Series C
4/05/23
1,283,184
 
 
 
Bowery Farming, Inc. Series C1
5/18/21
1,636,070
 
 
 
Bowery Farming, Inc. Series D1
10/25/23
138,975
 
 
 
Bowery Farming, Inc. warrants
10/25/23
0
 
 
 
Bright Peak Therapeutics AG Series B
5/14/21
1,102,496
 
 
 
ByteDance Ltd. Series E1
11/18/20
5,373,408
 
 
 
Canva, Inc. Series A
9/22/23
1,575,458
 
 
 
Canva, Inc. Series A2
9/22/23
285,865
 
 
 
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 C
12/09/19
239,697
 
 
 
Castle Creek Biosciences, Inc. Series D1
4/19/22
962,474
 
 
 
Castle Creek Biosciences, Inc. Series D2
6/28/21
215,100
 
 
 
Cellanome, Inc. Series B
1/08/24
3,003,295
 
 
 
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
 
 
 
Conformal Medical, Inc. Series D
5/26/23
780,530
 
 
 
CoreWeave, Inc.
11/29/23
12,773,669
 
 
 
Databricks, Inc. Series G
2/01/21
2,235,722
 
 
 
Databricks, Inc. Series H
8/31/21
4,121,358
 
 
 
Databricks, Inc. Series I
9/14/23
230,129
 
 
 
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. (unlisted)
5/03/23 - 1/22/24
3,042,850
 
 
 
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
 
 
 
Enevate Corp. 6%
11/02/23
39,251
 
 
 
Epic Games, Inc.
7/13/20 - 7/30/20
2,875,000
 
 
 
Evozyne, Inc. Series A
4/09/21
1,752,660
 
 
 
Evozyne, Inc. Series B
9/14/23
1,482,703
 
 
 
Evozyne, Inc. 6% 9/13/28 pay-in-kind
9/14/23 - 12/13/23
1,509,703
 
 
 
Fanatics, Inc. Class A
8/13/20 - 10/24/22
7,298,410
 
 
 
Farmers Business Network, Inc. warrants 9/27/33
9/29/23
1
 
 
 
Farmers Business Network, Inc. Series G
9/15/21
2,053,072
 
 
 
Farmers Business Network, Inc. 15% 9/28/25
9/29/23
993,920
 
 
 
Fog Pharmaceuticals, Inc. Series D
11/17/22
2,933,989
 
 
 
Fog Pharmaceuticals, Inc. Series E
2/29/24
1,261,439
 
 
 
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
 
 
 
Galvanize Therapeutics 6% 2/28/27
2/28/24
1,089,800
 
 
 
Generate Biomedicines Series B
11/02/21
2,273,494
 
 
 
Generate Biomedicines Series C
6/05/23
1,253,149
 
 
 
Genesis Therapeutics, Inc. Series B
8/10/23
2,982,231
 
 
 
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
 
 
 
JUUL Labs, Inc. Class A
2/23/24
2,867,386
 
 
 
Kardium, Inc. Series D6
12/30/20
1,104,251
 
 
 
Kardium, Inc. 0%
12/30/20
1,541,987
 
 
 
Kartos Therapeutics, Inc. Series C
8/22/23
2,672,580
 
 
 
Korro Bio, Inc.
7/14/23
1,212,586
 
 
 
Laronde, Inc. Series B
8/13/21
2,275,896
 
 
 
LifeMine Therapeutics, Inc. Series C
2/15/22
3,583,954
 
 
 
Lightmatter, Inc. Series C
5/19/23
2,249,842
 
 
 
Lightmatter, Inc. Series C2
12/18/23
558,363
 
 
 
Medical Microinstruments, Inc. warrants 2/16/31
2/16/24
0
 
 
 
Medical Microinstruments, Inc. Series C
2/16/24
2,707,163
 
 
 
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% 5/22/27
6/04/20
310,600
 
 
 
Neutron Holdings, Inc. 4% 6/12/27
6/12/20
82,200
 
 
 
Neutron Holdings, Inc. 5.5% 10/29/26
10/29/21 - 10/27/23
2,123,455
 
 
 
Odyssey Therapeutics, Inc. Series B
9/30/22
2,892,806
 
 
 
Odyssey Therapeutics, Inc. Series C
10/25/23
2,212,210
 
 
 
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. warrants 10/6/33
10/06/23
0
 
 
 
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
 
 
 
Rad Power Bikes, Inc. 8% 12/31/25
10/06/23
280,502
 
 
 
Rapport Therapeutics, Inc. Series B
8/11/23
2,924,862
 
 
 
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
 
 
 
Redwood Materials Series D
6/02/23
379,977
 
 
 
Retym, Inc. Series C
5/17/23 - 6/20/23
1,574,880
 
 
 
SalioGen Therapeutics, Inc. Series B
12/10/21
1,485,060
 
 
 
Saluda Medical, Inc. warrants 1/20/27
1/20/22
0
 
 
 
Saluda Medical, Inc. Series D
1/20/22
1,975,505
 
 
 
Saluda Medical, Inc. Series E
4/06/23
2,321,968
 
 
 
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 G
9/07/23
6,260,490
 
 
 
Space Exploration Technologies Corp. Series J
9/07/23
42,258,510
 
 
 
Space Exploration Technologies Corp. Series N
8/04/20
5,373,000
 
 
 
Spyre Therapeutics, Inc.
6/22/23 - 12/07/23
1,163,378
 
 
 
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
 
 
 
Tango Therapeutics, Inc.
8/09/23
855,271
 
 
 
Tenstorrent Holdings, Inc. Series C1
4/23/21
1,944,778
 
 
 
Tenstorrent Holdings, Inc. 5% 11/6/25
11/06/23
993,812
 
 
 
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
 
 
 
VAST Data Ltd. Series A
11/28/23
1,182,533
 
 
 
VAST Data Ltd. Series A1
11/28/23
2,910,578
 
 
 
VAST Data Ltd. Series A2
11/28/23
3,348,103
 
 
 
VAST Data Ltd. Series B
11/28/23
2,664,123
 
 
 
VAST Data Ltd. Series C
11/28/23
77,660
 
 
 
VAST Data Ltd. Series E
11/28/23
5,091,504
 
 
 
Waymo LLC Series A2
5/08/20
566,037
 
 
 
Wugen, Inc. Series B
7/09/21
945,276
 
 
 
X Holdings Corp. Class A
10/27/21
2,482,445
 
 
 
Xsight Labs Ltd. warrants 1/11/34
1/11/24
0
 
 
 
Xsight Labs Ltd. Series D
2/16/21
977,119
 
 
 
Xsight Labs Ltd. Series D1
1/11/24
657,479
 
 
 
 
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 5.39%
34,870,540
236,978,124
259,986,864
617,959
-
-
11,861,800
0.0%
Fidelity Securities Lending Cash Central Fund 5.39%
346,108,627
471,904,841
377,260,065
472,745
-
-
440,753,403
1.4%
Total
380,979,167
708,882,965
637,246,929
1,090,704
-
-
452,615,203
 
 
 
 
 
 
 
 
 
 
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
 
 
Amounts in the dividend income column 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.
 
Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.