0001752724-22-094156.txt : 20220427 0001752724-22-094156.hdr.sgml : 20220427 20220427121947 ACCESSION NUMBER: 0001752724-22-094156 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220228 FILED AS OF DATE: 20220427 PERIOD START: 20221130 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY ADVISOR SERIES I CENTRAL INDEX KEY: 0000722574 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-03785 FILM NUMBER: 22857988 BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 617-563-7000 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY ADVISOR SERIES 1 DATE OF NAME CHANGE: 19930706 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY BROAD STREET TRUST DATE OF NAME CHANGE: 19920820 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY ADVISOR EQUITY PORTFOLIO 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549300756XI3QLFT2U27 ADVANCED ENERGY INDUSTRIES INC 007973100 219600.00000000 NS USD 18852660.00000000 0.883191662709 Long EC CORP US N 1 N N N FIVE9 INC 254900MXP6EWY0SFFR59 FIVE9 INC 338307101 105200.00000000 NS USD 11572000.00000000 0.542114159003 Long EC CORP US N 1 N N N CARGURUS INC 54930027BKQN6B7X7G78 CARGURUS INC CL A 141788109 367700.00000000 NS USD 17815065.00000000 0.834583389220 Long EC CORP US N 1 N N N TRICO BANCSHARES N/A TRICO BANCSHARES 896095106 330000.00000000 NS USD 14322000.00000000 0.670943569412 Long EC CORP US N 1 N N N PACWEST BANCORP DE 549300YI8VMFO7G36V04 PACWEST BANCORP 695263103 570900.00000000 NS USD 28213878.00000000 1.321737188402 Long EC CORP US N 1 N N N BROOKFIELD INFRASTRUCTURE CORP N/A BROOKFIELD INFRASTRUCTURE - A 11275Q107 219378.00000000 NS USD 15452986.32000000 0.723926951517 Long EC CORP CA N 1 N N N GMS INC 52990057RENOQO4U0D72 GMS INC 36251C103 516218.00000000 NS USD 28004826.50000000 1.311943740587 Long EC CORP US N 1 N N N ERASCA INC N/A ERASCA INC 29479A108 254100.00000000 NS USD 3150840.00000000 0.147607585270 Long EC CORP US N 1 N N N JOINT CORP N/A JOINT CORP 47973J102 152619.00000000 NS USD 6257379.00000000 0.293139799010 Long EC CORP US N 1 N N AURINIA PHARMACEUTICALS INC 5299008YP2BW4570ML28 AURINIA PHARMACEUTICALS INC 05156V102 247900.00000000 NS USD 3049170.00000000 0.142844644850 Long EC CORP CA N 1 N N CELLDEX THERAPEUTICS INC 529900F018DMYWH38923 CELLDEX THERAPEUTICS INC 15117B202 69400.00000000 NS USD 2075060.00000000 0.097210456859 Long EC CORP US N 1 N N N PERFICIENT INC 549300HTBXKL2755T650 PERFICIENT INC 71375U101 166400.00000000 NS USD 16956160.00000000 0.794346216585 Long EC CORP US N 1 N N N NGM BIOPHARMACEUTICALS INC 5493008V5DSDZIGQOP17 NGM BIOPHARMACEUTICALS INC 62921N105 214500.00000000 NS USD 3187470.00000000 0.149323593017 Long EC CORP US N 1 N N N BOOT BARN HOLDINGS INC 529900QE1BFMYA3N4E71 BOOT BARN HOLDINGS INC 099406100 119500.00000000 NS USD 10398890.00000000 0.487157406404 Long EC CORP US N 1 N N LAMAR ADVERTISING CO 529900Y8WW4MKVPTB543 LAMAR ADVERTISING CO CL A 512816109 251400.00000000 NS USD 27417684.00000000 1.284437841641 Long EC CORP US N 1 N N N 2022-03-30 Stacie M. Smith Stacie M. Smith Stacie M. Smith President and Treasurer XXXX NPORT-EX 2 QTLY_294_20220228.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity Advisor® Small Cap Fund
February 28, 2022
ASCF-NPRT1-0422
1.797929.118
Common Stocks - 98.3%
 
 
Shares
Value ($)
(000s)
 
COMMUNICATION SERVICES - 3.8%
 
 
 
Interactive Media & Services - 2.5%
 
 
 
CarGurus, Inc. Class A (a)
 
367,700
17,815
Cars.com, Inc. (a)
 
1,034,100
16,732
Ziff Davis, Inc. (a)
 
180,600
18,168
 
 
 
52,715
Media - 1.3%
 
 
 
TechTarget, Inc. (a)
 
363,200
28,468
TOTAL COMMUNICATION SERVICES
 
 
81,183
CONSUMER DISCRETIONARY - 11.9%
 
 
 
Auto Components - 2.2%
 
 
 
Adient PLC (a)
 
496,300
22,209
Patrick Industries, Inc.
 
339,964
24,253
 
 
 
46,462
Hotels, Restaurants & Leisure - 2.4%
 
 
 
Brinker International, Inc. (a)(b)
 
414,500
17,633
Churchill Downs, Inc.
 
82,200
19,800
Lindblad Expeditions Holdings (a)
 
751,200
13,319
 
 
 
50,752
Household Durables - 1.9%
 
 
 
Skyline Champion Corp. (a)
 
459,086
30,869
Tempur Sealy International, Inc.
 
295,000
9,738
 
 
 
40,607
Internet & Direct Marketing Retail - 0.0%
 
 
 
BARK, Inc. (c)
 
402,800
1,269
Leisure Products - 0.6%
 
 
 
Clarus Corp.
 
613,838
13,977
Specialty Retail - 3.8%
 
 
 
Academy Sports & Outdoors, Inc.
 
167,905
5,435
American Eagle Outfitters, Inc. (b)
 
505,200
10,650
Boot Barn Holdings, Inc. (a)(b)
 
119,500
10,399
Lithia Motors, Inc. Class A (sub. vtg.)
 
56,500
19,256
Murphy U.S.A., Inc.
 
98,000
17,713
Musti Group OYJ
 
663,693
17,378
 
 
 
80,831
Textiles, Apparel & Luxury Goods - 1.0%
 
 
 
Crocs, Inc. (a)
 
253,321
21,211
TOTAL CONSUMER DISCRETIONARY
 
 
255,109
CONSUMER STAPLES - 2.5%
 
 
 
Food & Staples Retailing - 1.5%
 
 
 
BJ's Wholesale Club Holdings, Inc. (a)
 
508,730
31,984
Food Products - 1.0%
 
 
 
Nomad Foods Ltd. (a)
 
817,700
20,590
TOTAL CONSUMER STAPLES
 
 
52,574
ENERGY - 3.6%
 
 
 
Oil, Gas & Consumable Fuels - 3.6%
 
 
 
Antero Resources Corp. (a)
 
1,554,000
35,633
Denbury, Inc. (a)
 
208,400
15,142
Enviva, Inc.
 
213,400
14,874
Hess Midstream LP (b)
 
298,448
9,538
HollyFrontier Corp.
 
80,456
2,450
 
 
 
77,637
FINANCIALS - 15.4%
 
 
 
Banks - 8.1%
 
 
 
ConnectOne Bancorp, Inc.
 
883,000
29,139
First Interstate Bancsystem, Inc. (b)
 
525,600
21,339
Independent Bank Group, Inc.
 
293,051
22,609
Metropolitan Bank Holding Corp. (a)
 
237,400
24,274
PacWest Bancorp
 
570,900
28,214
Pinnacle Financial Partners, Inc.
 
114,822
11,606
ServisFirst Bancshares, Inc. (b)
 
253,700
22,168
Trico Bancshares
 
330,000
14,322
 
 
 
173,671
Capital Markets - 3.2%
 
 
 
LPL Financial
 
174,600
31,594
Morningstar, Inc.
 
81,609
22,904
Patria Investments Ltd.
 
774,300
12,853
 
 
 
67,351
Consumer Finance - 0.7%
 
 
 
PROG Holdings, Inc. (a)(b)
 
488,614
14,971
Insurance - 2.4%
 
 
 
Enstar Group Ltd. (a)
 
63,102
17,986
Old Republic International Corp.
 
645,100
16,998
Primerica, Inc.
 
129,400
16,808
 
 
 
51,792
Thrifts & Mortgage Finance - 1.0%
 
 
 
Essent Group Ltd.
 
498,723
22,034
TOTAL FINANCIALS
 
 
329,819
HEALTH CARE - 13.6%
 
 
 
Biotechnology - 4.0%
 
 
 
ADC Therapeutics SA (a)
 
66,997
1,119
Agios Pharmaceuticals, Inc. (a)
 
137,300
4,274
Aurinia Pharmaceuticals, Inc. (a)(b)
 
247,900
3,049
Avid Bioservices, Inc. (a)(b)
 
525,111
10,754
Blueprint Medicines Corp. (a)
 
97,100
5,879
Bolt Biotherapeutics, Inc. (b)
 
2,455
9
Celldex Therapeutics, Inc. (a)
 
69,400
2,075
Cerevel Therapeutics Holdings (a)
 
195,600
5,178
Cytokinetics, Inc. (a)
 
216,000
7,629
Erasca, Inc.
 
254,100
3,151
Exelixis, Inc. (a)
 
281,900
5,787
Instil Bio, Inc. (a)(b)
 
325,900
3,497
Janux Therapeutics, Inc.
 
171,000
2,955
Keros Therapeutics, Inc. (a)
 
58,000
3,115
Mirati Therapeutics, Inc. (a)
 
28,000
2,472
Prelude Therapeutics, Inc. (a)(b)
 
254,637
2,248
PTC Therapeutics, Inc. (a)
 
111,200
3,905
Relay Therapeutics, Inc. (a)
 
218,100
5,258
Tenaya Therapeutics, Inc. (a)
 
171,900
2,004
TG Therapeutics, Inc. (a)
 
218,000
2,152
Xenon Pharmaceuticals, Inc. (a)
 
206,600
6,549
Zentalis Pharmaceuticals, Inc. (a)
 
48,346
2,412
 
 
 
85,471
Health Care Equipment & Supplies - 2.6%
 
 
 
BioLife Solutions, Inc. (a)(b)
 
338,900
7,964
CryoPort, Inc. (a)(b)
 
7,580
260
Envista Holdings Corp. (a)
 
429,900
20,635
Heska Corp. (a)(b)
 
64,500
9,159
Tandem Diabetes Care, Inc. (a)
 
131,800
14,845
TransMedics Group, Inc. (a)
 
146,600
2,715
 
 
 
55,578
Health Care Providers & Services - 3.7%
 
 
 
Acadia Healthcare Co., Inc. (a)
 
373,700
21,193
Chemed Corp.
 
46,000
22,001
LHC Group, Inc. (a)
 
93,577
12,742
The Ensign Group, Inc.
 
201,600
16,942
The Joint Corp. (a)(b)
 
152,619
6,257
 
 
 
79,135
Life Sciences Tools & Services - 2.7%
 
 
 
Charles River Laboratories International, Inc. (a)
 
36,000
10,482
Medpace Holdings, Inc. (a)(b)
 
130,000
19,886
Olink Holding AB ADR (a)(b)
 
296,202
5,062
Syneos Health, Inc. (a)
 
274,300
21,725
 
 
 
57,155
Pharmaceuticals - 0.6%
 
 
 
Arvinas Holding Co. LLC (a)
 
103,900
6,734
Edgewise Therapeutics, Inc. (a)
 
174,400
2,056
NGM Biopharmaceuticals, Inc. (a)
 
214,500
3,187
Terns Pharmaceuticals, Inc.
 
30,384
101
 
 
 
12,078
TOTAL HEALTH CARE
 
 
289,417
INDUSTRIALS - 18.4%
 
 
 
Aerospace & Defense - 0.6%
 
 
 
Vectrus, Inc. (a)
 
302,097
13,848
Building Products - 1.8%
 
 
 
CSW Industrials, Inc. (b)
 
87,934
10,581
Gibraltar Industries, Inc. (a)
 
91,865
4,439
Masonite International Corp. (a)
 
255,100
24,064
 
 
 
39,084
Commercial Services & Supplies - 0.9%
 
 
 
Tetra Tech, Inc.
 
118,200
18,767
Construction & Engineering - 1.6%
 
 
 
EMCOR Group, Inc.
 
177,600
20,520
NV5 Global, Inc. (a)
 
132,918
14,255
 
 
 
34,775
Electrical Equipment - 2.2%
 
 
 
Array Technologies, Inc. (a)(b)
 
1,029,332
11,570
Atkore, Inc. (a)
 
339,700
34,551
 
 
 
46,121
Machinery - 2.3%
 
 
 
ITT, Inc.
 
134,200
11,792
Kornit Digital Ltd. (a)(b)
 
94,000
8,914
Luxfer Holdings PLC sponsored
 
804,400
14,013
Oshkosh Corp.
 
120,800
13,414
 
 
 
48,133
Professional Services - 4.9%
 
 
 
ASGN, Inc. (a)
 
158,100
17,516
Booz Allen Hamilton Holding Corp. Class A
 
180,700
14,581
FTI Consulting, Inc. (a)
 
81,200
11,855
KBR, Inc.
 
746,000
37,030
TriNet Group, Inc. (a)
 
278,500
24,316
 
 
 
105,298
Road & Rail - 0.7%
 
 
 
TFI International, Inc.
 
135,100
14,090
Trading Companies & Distributors - 3.4%
 
 
 
Beacon Roofing Supply, Inc. (a)
 
274,700
16,397
Custom Truck One Source, Inc. Class A (a)(b)
 
1,098,374
8,633
GMS, Inc. (a)
 
516,218
28,005
Rush Enterprises, Inc. Class A
 
357,994
18,594
 
 
 
71,629
TOTAL INDUSTRIALS
 
 
391,745
INFORMATION TECHNOLOGY - 16.1%
 
 
 
Communications Equipment - 0.9%
 
 
 
Extreme Networks, Inc. (a)
 
1,585,700
18,220
Electronic Equipment & Components - 4.3%
 
 
 
Advanced Energy Industries, Inc.
 
219,600
18,853
Insight Enterprises, Inc. (a)
 
328,372
34,151
Napco Security Technologies, Inc. (b)
 
725,102
14,785
TD SYNNEX Corp.
 
243,941
24,841
 
 
 
92,630
IT Services - 3.6%
 
 
 
Concentrix Corp.
 
159,041
31,791
Endava PLC ADR (a)
 
141,308
18,819
Perficient, Inc. (a)
 
166,400
16,956
Repay Holdings Corp. (a)(b)
 
524,460
9,057
 
 
 
76,623
Semiconductors & Semiconductor Equipment - 3.9%
 
 
 
AEHR Test Systems (a)(b)
 
420,500
5,719
Ichor Holdings Ltd. (a)
 
463,100
16,315
MACOM Technology Solutions Holdings, Inc. (a)
 
272,900
16,401
SiTime Corp. (a)
 
66,400
13,422
Synaptics, Inc. (a)
 
135,345
30,917
 
 
 
82,774
Software - 3.4%
 
 
 
Digital Turbine, Inc. (a)
 
286,300
13,880
Five9, Inc. (a)
 
105,200
11,572
Intapp, Inc.
 
532,400
12,277
Rapid7, Inc. (a)
 
167,600
17,340
Tenable Holdings, Inc. (a)
 
331,500
18,352
 
 
 
73,421
TOTAL INFORMATION TECHNOLOGY
 
 
343,668
MATERIALS - 6.9%
 
 
 
Chemicals - 2.4%
 
 
 
Element Solutions, Inc.
 
1,082,600
26,610
Valvoline, Inc.
 
728,200
23,543
 
 
 
50,153
Construction Materials - 1.3%
 
 
 
Eagle Materials, Inc.
 
207,800
28,433
Metals & Mining - 3.2%
 
 
 
Commercial Metals Co.
 
872,800
33,646
Constellium NV (a)
 
1,823,000
35,421
 
 
 
69,067
TOTAL MATERIALS
 
 
147,653
REAL ESTATE - 4.5%
 
 
 
Equity Real Estate Investment Trusts (REITs) - 3.2%
 
 
 
Essential Properties Realty Trust, Inc.
 
1,055,801
26,691
Lamar Advertising Co. Class A
 
251,400
27,418
Summit Industrial Income REIT
 
873,400
14,836
 
 
 
68,945
Real Estate Management & Development - 1.3%
 
 
 
Cushman & Wakefield PLC (a)
 
1,202,300
26,354
TOTAL REAL ESTATE
 
 
95,299
UTILITIES - 1.6%
 
 
 
Gas Utilities - 1.0%
 
 
 
Brookfield Infrastructure Corp. A Shares
 
219,378
15,453
Star Gas Partners LP
 
637,118
6,212
 
 
 
21,665
Multi-Utilities - 0.6%
 
 
 
Telecom Plus PLC
 
613,229
11,922
TOTAL UTILITIES
 
 
33,587
 
TOTAL COMMON STOCKS
 (Cost $1,619,017)
 
 
 
2,097,691
 
 
 
 
Money Market Funds - 6.1%
 
 
Shares
Value ($)
(000s)
 
Fidelity Cash Central Fund 0.31% (d)
 
19,043,363
19,047
Fidelity Securities Lending Cash Central Fund 0.31% (d)(e)
 
111,698,047
111,709
 
TOTAL MONEY MARKET FUNDS
 (Cost $130,756)
 
 
130,756
 
 
 
 
Equity Funds - 0.9%
 
 
Shares
Value ($)
(000s)
 
Small Blend Funds - 0.9%
 
 
 
iShares Russell 2000 Index ETF (b)
  (Cost $16,221)
 
94,500
19,214
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 105.3%
 (Cost $1,765,994)
 
 
 
2,247,661
NET OTHER ASSETS (LIABILITIES) - (5.3)%  
(113,165)
NET ASSETS - 100.0%
2,134,496
 
 
Security Type Abbreviations
ETF
-
EXCHANGE-TRADED FUND
 
 
Any values shown as $0 in the Schedule of Investments may reflect amounts less than $500.
 
Legend
 
(a)
Non-income producing
 
(b)
Security or a portion of the security is on loan at period end.
 
(c)
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 $1,269,000 or 0.1% of net assets.
 
(d)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
 
(e)
Investment made with cash collateral received from securities on loan.
 
 
 
Additional information on each restricted holding is as follows:
Security
Acquisition Date
Acquisition Cost ($)
(000s)
BARK, Inc.
12/17/20
4,028
 
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%
15,879
248,211
245,043
4
-
-
19,047
0.0%
Fidelity Securities Lending Cash Central Fund 0.07%
158,795
164,860
211,946
47
-
-
111,709
0.3%
Total
174,674
413,071
456,989
51
-
-
130,756
 
 
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.
 
Exchange-Traded Funds (ETFs) and Exchange-Traded Notes (ETNs) are valued at their last 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 but the exchange reports a closing bid level, ETFs and ETNs are valued at the closing bid and would be categorized as Level 1 in the hierarchy. In the event there was no closing bid, ETFs and ETNs may be valued by another method that the Board believes reflects fair value in accordance with the Board's fair value pricing policies and may be categorized as Level 2 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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