NPORT-EX 2 QTLY_86_20220228.htm US_QtlyFinancialStatementsCoverMaster
Quarterly Holdings Report
for
Fidelity Advisor® Equity Growth Fund
February 28, 2022
EPG-NPRT1-0422
1.797923.118
Common Stocks - 98.6%
 
 
Shares
Value ($)
(000s)
 
COMMUNICATION SERVICES - 17.7%
 
 
 
Entertainment - 3.6%
 
 
 
Take-Two Interactive Software, Inc. (a)
 
147,518
23,898
Universal Music Group NV
 
2,992,675
68,330
Warner Music Group Corp. Class A
 
2,001,843
72,507
 
 
 
164,735
Interactive Media & Services - 13.0%
 
 
 
Alphabet, Inc. Class A (a)
 
176,895
477,818
Meta Platforms, Inc. Class A (a)
 
500,739
105,671
ZipRecruiter, Inc. (a)
 
136,000
2,717
Zoominfo Technologies, Inc. (a)
 
216,100
11,819
 
 
 
598,025
Media - 1.1%
 
 
 
Charter Communications, Inc. Class A (a)
 
23,700
14,262
Innovid Corp. (b)
 
242,614
922
Liberty Media Corp. Liberty Formula One Group Series C (a)
 
584,500
35,497
 
 
 
50,681
TOTAL COMMUNICATION SERVICES
 
 
813,441
CONSUMER DISCRETIONARY - 9.2%
 
 
 
Automobiles - 0.5%
 
 
 
Ferrari NV
 
114,411
24,634
XPeng, Inc. ADR (a)
 
19,500
709
 
 
 
25,343
Diversified Consumer Services - 0.7%
 
 
 
Laureate Education, Inc. Class A
 
2,031,744
22,024
Mister Car Wash, Inc.
 
536,000
8,587
 
 
 
30,611
Hotels, Restaurants & Leisure - 0.8%
 
 
 
Airbnb, Inc. Class A (a)
 
174,600
26,450
Flutter Entertainment PLC (a)
 
85,600
12,324
 
 
 
38,774
Household Durables - 0.0%
 
 
 
Blu Investments LLC (a)(b)(c)
 
12,123,162
4
Internet & Direct Marketing Retail - 5.4%
 
 
 
Amazon.com, Inc. (a)
 
80,602
247,550
Leisure Products - 0.2%
 
 
 
Peloton Interactive, Inc. Class A (a)(d)
 
286,900
8,337
Specialty Retail - 0.8%
 
 
 
Aritzia, Inc. (a)
 
89,600
3,407
Floor & Decor Holdings, Inc. Class A (a)
 
46,300
4,427
Victoria's Secret & Co. (a)
 
508,800
27,287
 
 
 
35,121
Textiles, Apparel & Luxury Goods - 0.8%
 
 
 
LVMH Moet Hennessy Louis Vuitton SE
 
29,217
21,472
On Holding AG
 
11,400
278
Samsonite International SA (a)(e)
 
7,362,900
16,394
 
 
 
38,144
TOTAL CONSUMER DISCRETIONARY
 
 
423,884
CONSUMER STAPLES - 2.7%
 
 
 
Beverages - 2.1%
 
 
 
Keurig Dr. Pepper, Inc.
 
608,800
23,542
Monster Beverage Corp. (a)
 
344,377
29,065
The Coca-Cola Co.
 
720,900
44,869
 
 
 
97,476
Household Products - 0.6%
 
 
 
Reckitt Benckiser Group PLC
 
286,308
24,244
TOTAL CONSUMER STAPLES
 
 
121,720
ENERGY - 2.3%
 
 
 
Energy Equipment & Services - 0.0%
 
 
 
Baker Hughes Co. Class A
 
85,000
2,497
Oil, Gas & Consumable Fuels - 2.3%
 
 
 
Canadian Natural Resources Ltd. (d)
 
188,800
10,541
Cheniere Energy, Inc.
 
121,700
16,174
Denbury, Inc. (a)
 
10,819
786
Range Resources Corp. (a)
 
341,100
7,828
Reliance Industries Ltd.
 
2,230,325
69,684
 
 
 
105,013
TOTAL ENERGY
 
 
107,510
FINANCIALS - 5.1%
 
 
 
Banks - 0.1%
 
 
 
HDFC Bank Ltd.
 
135,292
2,562
Capital Markets - 3.3%
 
 
 
BlackRock, Inc. Class A
 
32,800
24,400
CME Group, Inc.
 
325,880
77,080
MarketAxess Holdings, Inc.
 
47,900
18,270
Morningstar, Inc.
 
29,100
8,167
MSCI, Inc.
 
38,311
19,220
S&P Global, Inc.
 
12,300
4,621
 
 
 
151,758
Insurance - 1.7%
 
 
 
American Financial Group, Inc.
 
156,010
21,122
Arthur J. Gallagher & Co.
 
231,131
36,563
BRP Group, Inc. (a)
 
273,400
7,592
Marsh & McLennan Companies, Inc.
 
77,300
12,013
 
 
 
77,290
TOTAL FINANCIALS
 
 
231,610
HEALTH CARE - 14.6%
 
 
 
Biotechnology - 4.2%
 
 
 
Adamas Pharmaceuticals, Inc.:
 
 
 
 rights (a)(c)
 
1,000,100
60
 rights (a)(c)
 
1,000,100
60
Affimed NV (a)
 
337,485
1,488
Alnylam Pharmaceuticals, Inc. (a)
 
47,800
7,545
Applied Therapeutics, Inc. (a)
 
82,690
155
Atara Biotherapeutics, Inc. (a)
 
232,900
2,993
BioNTech SE ADR (a)
 
19,007
2,866
Cytokinetics, Inc. (a)
 
111,500
3,938
EQRx, Inc. (a)
 
243,811
736
Erasca, Inc.
 
55,500
688
Evelo Biosciences, Inc. (a)
 
34,000
106
Galapagos NV sponsored ADR (a)
 
25,924
1,717
Gamida Cell Ltd. (a)(d)
 
934,668
3,140
Hookipa Pharma, Inc. (a)(d)
 
211,900
509
Innovent Biologics, Inc. (a)(e)
 
615,500
2,753
Insmed, Inc. (a)(d)
 
444,589
10,626
Prelude Therapeutics, Inc. (a)
 
17,000
150
Regeneron Pharmaceuticals, Inc. (a)
 
61,557
38,064
Rubius Therapeutics, Inc. (a)
 
80,596
402
Seagen, Inc. (a)
 
103,000
13,274
Seres Therapeutics, Inc. (a)
 
96,200
770
Synlogic, Inc. (a)
 
664,600
1,316
Vertex Pharmaceuticals, Inc. (a)
 
413,312
95,070
Vor Biopharma, Inc. (a)
 
252,839
2,283
XOMA Corp. (a)(d)
 
173,800
3,811
 
 
 
194,520
Health Care Equipment & Supplies - 1.7%
 
 
 
Axonics Modulation Technologies, Inc. (a)
 
126,300
7,169
Edwards Lifesciences Corp. (a)
 
217,200
24,407
Insulet Corp. (a)
 
5,300
1,403
Intuitive Surgical, Inc. (a)
 
126,553
36,742
Nevro Corp. (a)
 
30,000
2,151
Penumbra, Inc. (a)
 
34,886
7,736
 
 
 
79,608
Health Care Providers & Services - 5.4%
 
 
 
Guardant Health, Inc. (a)
 
75,915
5,031
HealthEquity, Inc. (a)
 
627,900
33,725
UnitedHealth Group, Inc.
 
434,015
206,535
 
 
 
245,291
Health Care Technology - 0.3%
 
 
 
Certara, Inc. (a)
 
349,023
8,844
Simulations Plus, Inc. (d)
 
57,000
2,245
 
 
 
11,089
Life Sciences Tools & Services - 1.8%
 
 
 
10X Genomics, Inc. (a)
 
31,196
2,542
Bio-Techne Corp.
 
29,400
12,331
Bruker Corp.
 
289,771
20,391
Codexis, Inc. (a)
 
287,504
5,730
Danaher Corp.
 
141,995
38,965
Nanostring Technologies, Inc. (a)
 
62,300
2,209
Olink Holding AB ADR (a)
 
16,200
277
 
 
 
82,445
Pharmaceuticals - 1.2%
 
 
 
Aclaris Therapeutics, Inc. (a)
 
144,100
2,147
Eli Lilly & Co.
 
197,187
49,287
Nuvation Bio, Inc. (a)
 
186,501
944
Revance Therapeutics, Inc. (a)
 
251,100
3,407
 
 
 
55,785
TOTAL HEALTH CARE
 
 
668,738
INDUSTRIALS - 6.3%
 
 
 
Aerospace & Defense - 0.5%
 
 
 
Axon Enterprise, Inc. (a)
 
57,900
8,120
Northrop Grumman Corp.
 
32,300
14,281
 
 
 
22,401
Airlines - 0.7%
 
 
 
Ryanair Holdings PLC sponsored ADR (a)
 
335,280
33,431
Electrical Equipment - 0.9%
 
 
 
Ballard Power Systems, Inc. (a)(d)
 
17,100
195
Bloom Energy Corp. Class A (a)(d)
 
87,000
1,931
Ceres Power Holdings PLC (a)
 
798,800
7,491
Eaton Corp. PLC
 
32,200
4,968
Generac Holdings, Inc. (a)
 
65,551
20,679
Vestas Wind Systems A/S
 
138,600
4,469
 
 
 
39,733
Machinery - 0.9%
 
 
 
Ingersoll Rand, Inc.
 
622,035
31,425
Otis Worldwide Corp.
 
122,000
9,556
 
 
 
40,981
Professional Services - 1.7%
 
 
 
ASGN, Inc. (a)
 
80,600
8,930
Clarivate Analytics PLC (a)(d)
 
854,500
12,800
CoStar Group, Inc. (a)
 
25,400
1,550
KBR, Inc.
 
816,536
40,533
Kforce, Inc.
 
42,200
3,173
Upwork, Inc. (a)
 
461,488
11,666
 
 
 
78,652
Road & Rail - 0.6%
 
 
 
Uber Technologies, Inc. (a)
 
778,923
28,065
Trading Companies & Distributors - 1.0%
 
 
 
Azelis Group NV
 
79,500
1,612
Ferguson PLC
 
218,000
33,218
United Rentals, Inc. (a)
 
31,400
10,099
 
 
 
44,929
TOTAL INDUSTRIALS
 
 
288,192
INFORMATION TECHNOLOGY - 35.3%
 
 
 
Electronic Equipment & Components - 0.1%
 
 
 
Hon Hai Precision Industry Co. Ltd. (Foxconn)
 
1,740,000
6,465
IT Services - 2.8%
 
 
 
Amadeus IT Holding SA Class A (a)
 
205,500
13,558
Cloudflare, Inc. (a)
 
60,454
7,038
Cognizant Technology Solutions Corp. Class A
 
538,600
46,390
MasterCard, Inc. Class A
 
40,627
14,659
MongoDB, Inc. Class A (a)
 
86,068
32,877
Okta, Inc. (a)
 
5,000
914
VeriSign, Inc. (a)
 
65,100
13,913
 
 
 
129,349
Semiconductors & Semiconductor Equipment - 7.1%
 
 
 
Aixtron AG
 
434,700
9,305
Allegro MicroSystems LLC (a)
 
33,600
963
ASML Holding NV
 
33,251
22,162
eMemory Technology, Inc.
 
36,000
2,430
Enphase Energy, Inc. (a)
 
124,300
20,721
NVIDIA Corp.
 
497,984
121,433
Qualcomm, Inc.
 
518,492
89,175
Silicon Laboratories, Inc. (a)
 
8,920
1,371
SiTime Corp. (a)
 
39,900
8,065
SolarEdge Technologies, Inc. (a)
 
80,800
25,809
Universal Display Corp.
 
143,400
22,214
 
 
 
323,648
Software - 19.4%
 
 
 
Adobe, Inc. (a)
 
213,391
99,799
Confluent, Inc.
 
64,000
2,739
Coupa Software, Inc. (a)
 
87,800
10,625
Elastic NV (a)
 
3,012
261
Epic Games, Inc. (a)(b)(c)
 
3,289
2,421
HashiCorp, Inc.
 
44,400
2,237
HubSpot, Inc. (a)
 
2,100
1,103
Intuit, Inc.
 
82,962
39,355
Mandiant, Inc. (a)
 
3,286,420
65,071
Manhattan Associates, Inc. (a)
 
154,527
20,657
Microsoft Corp.
 
1,730,703
517,120
Oracle Corp.
 
429,900
32,660
Palo Alto Networks, Inc. (a)
 
151,313
89,918
Samsara, Inc.
 
27,300
477
Volue A/S (a)
 
905,100
4,319
 
 
 
888,762
Technology Hardware, Storage & Peripherals - 5.9%
 
 
 
Apple, Inc.
 
1,637,490
270,382
TOTAL INFORMATION TECHNOLOGY
 
 
1,618,606
MATERIALS - 4.7%
 
 
 
Chemicals - 3.1%
 
 
 
Albemarle Corp. U.S.
 
195,771
38,350
CF Industries Holdings, Inc.
 
515,400
41,845
Sherwin-Williams Co.
 
163,594
43,046
The Chemours Co. LLC
 
691,100
19,074
 
 
 
142,315
Metals & Mining - 1.6%
 
 
 
First Quantum Minerals Ltd.
 
438,900
12,871
Freeport-McMoRan, Inc.
 
885,700
41,584
Lynas Rare Earths Ltd. (a)
 
1,647,684
12,472
MP Materials Corp. (a)(d)
 
144,000
6,569
 
 
 
73,496
TOTAL MATERIALS
 
 
215,811
REAL ESTATE - 0.6%
 
 
 
Equity Real Estate Investment Trusts (REITs) - 0.5%
 
 
 
Prologis (REIT), Inc.
 
150,000
21,878
Welltower, Inc.
 
28,200
2,349
 
 
 
24,227
Real Estate Management & Development - 0.1%
 
 
 
Doma Holdings, Inc. (b)
 
487,314
1,296
TOTAL REAL ESTATE
 
 
25,523
UTILITIES - 0.1%
 
 
 
Electric Utilities - 0.1%
 
 
 
ORSTED A/S (e)
 
35,500
4,594
Independent Power and Renewable Electricity Producers - 0.0%
 
 
 
Brookfield Renewable Partners LP
 
60,000
2,155
TOTAL UTILITIES
 
 
6,749
 
TOTAL COMMON STOCKS
 (Cost $2,738,898)
 
 
 
4,521,784
 
 
 
 
Convertible Preferred Stocks - 0.3%
 
 
Shares
Value ($)
(000s)
 
HEALTH CARE - 0.0%
 
 
 
Biotechnology - 0.0%
 
 
 
ElevateBio LLC Series C (b)(c)
 
111,100
402
INFORMATION TECHNOLOGY - 0.0%
 
 
 
IT Services - 0.0%
 
 
 
AppNexus, Inc. Series E (Escrow) (a)(b)(c)
 
105,425
3
Software - 0.0%
 
 
 
ASAPP, Inc. Series C (b)(c)
 
367,427
1,532
TOTAL INFORMATION TECHNOLOGY
 
 
1,535
MATERIALS - 0.3%
 
 
 
Metals & Mining - 0.3%
 
 
 
Illuminated Holdings, Inc.:
 
 
 
 Series C2 (a)(b)(c)
 
76,285
3,610
 Series C3 (a)(b)(c)
 
95,356
4,512
 Series C4 (a)(b)(c)
 
27,230
1,289
 Series C5 (b)(c)
 
53,844
2,548
 
 
 
11,959
 
TOTAL CONVERTIBLE PREFERRED STOCKS
 (Cost $10,964)
 
 
 
13,896
 
 
 
 
Money Market Funds - 1.9%
 
 
Shares
Value ($)
(000s)
 
Fidelity Cash Central Fund 0.07% (f)
 
52,241,132
52,252
Fidelity Securities Lending Cash Central Fund 0.07% (f)(g)
 
36,150,023
36,154
 
TOTAL MONEY MARKET FUNDS
 (Cost $88,406)
 
 
88,406
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 100.8%
 (Cost $2,838,268)
 
 
 
4,624,086
NET OTHER ASSETS (LIABILITIES) - (0.8)%  
(36,232)
NET ASSETS - 100.0%
4,587,854
 
 
 
Any values shown as $0 in the Schedule of Investments may reflect amounts less than $500.
 
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 $18,539,000 or 0.4% 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 $23,741,000 or 0.5% of net assets.
 
(f)
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.
 
(g)
Investment made with cash collateral received from securities on loan.
 
 
 
Additional information on each restricted holding is as follows:
Security
Acquisition Date
Acquisition Cost ($)
(000s)
AppNexus, Inc. Series E (Escrow)
8/01/14
0
ASAPP, Inc. Series C
4/30/21
2,424
Blu Investments LLC
5/21/20
21
Doma Holdings, Inc.
3/02/21
4,873
ElevateBio LLC Series C
3/09/21
466
Epic Games, Inc.
3/29/21
2,911
Illuminated Holdings, Inc. Series C2
7/07/20
1,907
Illuminated Holdings, Inc. Series C3
7/07/20
2,861
Illuminated Holdings, Inc. Series C4
1/08/21
980
Illuminated Holdings, Inc. Series C5
6/16/21
2,326
Innovid Corp.
6/24/21
2,426
 
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 (Amounts in thousands)
Value,
beginning
of period ($)
Purchases ($)
Sales
Proceeds ($)
Dividend
Income ($)
Realized
Gain (loss) ($)
Change in
Unrealized
appreciation
(depreciation) ($)
Value,
end
of period ($)
%ownership,
end
of period
Fidelity Cash Central Fund 0.07%
47,883
307,518
303,149
9
-
-
52,252
0.1%
Fidelity Securities Lending Cash Central Fund 0.07%
15,138
77,265
56,249
9
-
-
36,154
0.1%
Total
63,021
384,783
359,398
18
-
-
88,406
 
 
Amounts in the income column in the above table include any capital gain distributions from underlying funds.
 
Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.
 
 
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee.   
 
The 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 vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For 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.
 
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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