0001752724-22-237707.txt : 20221026 0001752724-22-237707.hdr.sgml : 20221026 20221026142529 ACCESSION NUMBER: 0001752724-22-237707 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220831 FILED AS OF DATE: 20221026 DATE AS OF CHANGE: 20221026 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: 221332780 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: 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HEALTH INC 549300F1ZGKDS8P6GU13 SYNEOS HEALTH INC 87166B102 310300.00000000 NS USD 18652133.00000000 0.972537533594 Long EC CORP US N 1 N N N ENVIVA INC 549300WH5VXDEFM5KR81 ENVIVA INC 29415B103 189000.00000000 NS USD 13139280.00000000 0.685092850474 Long EC CORP US N 1 N N N ADVANCED ENERGY INDUSTRIES INC 549300756XI3QLFT2U27 ADVANCED ENERGY INDUSTRIES INC 007973100 189400.00000000 NS USD 17006226.00000000 0.886718590832 Long EC CORP US N 1 N N N FIVE9 INC 254900MXP6EWY0SFFR59 FIVE9 INC 338307101 103600.00000000 NS USD 10164196.00000000 0.529969527281 Long EC CORP US N 1 N N CARGURUS INC 54930027BKQN6B7X7G78 CARGURUS INC CL A 141788109 152200.00000000 NS USD 2846140.00000000 0.148400077131 Long EC CORP US N 1 N N N TRICO BANCSHARES N/A TRICO BANCSHARES 896095106 343300.00000000 NS USD 16200327.00000000 0.844698355088 Long EC CORP US N 1 N N N PACWEST BANCORP DE 549300YI8VMFO7G36V04 PACWEST BANCORP 695263103 699100.00000000 NS USD 18407303.00000000 0.959771896315 Long EC CORP US N 1 N N N BROOKFIELD INFRASTRUCTURE CORP N/A BROOKFIELD INFRASTRUCTURE - A 11275Q107 366967.00000000 NS USD 17467629.20000000 0.910776532630 Long EC CORP CA N 1 N N N GMS INC 52990057RENOQO4U0D72 GMS INC 36251C103 422118.00000000 NS USD 20346087.60000000 1.060861717680 Long EC CORP US N 1 N N N ERASCA INC N/A ERASCA INC 29479A108 455300.00000000 NS USD 4106806.00000000 0.214132237754 Long EC CORP US N 1 N N N AURINIA PHARMACEUTICALS INC 5299008YP2BW4570ML28 AURINIA PHARMACEUTICALS INC 05156V102 247900.00000000 NS USD 1824544.00000000 0.095133222655 Long EC CORP CA N 1 N N CELLDEX THERAPEUTICS INC 529900F018DMYWH38923 CELLDEX THERAPEUTICS INC 15117B202 69400.00000000 NS USD 2109760.00000000 0.110004619143 Long EC CORP US N 1 N N N PERFICIENT INC 549300HTBXKL2755T650 PERFICIENT INC 71375U101 127700.00000000 NS USD 9973370.00000000 0.520019702916 Long EC CORP US N 1 N N N NGM BIOPHARMACEUTICALS INC 5493008V5DSDZIGQOP17 NGM BIOPHARMACEUTICALS INC 62921N105 214500.00000000 NS USD 3026595.00000000 0.157809149038 Long EC CORP US N 1 N N N LAMAR ADVERTISING CO 529900Y8WW4MKVPTB543 LAMAR ADVERTISING CO CL A 512816109 261500.00000000 NS USD 24552235.00000000 1.280173697620 Long EC CORP US N 1 N N N 2022-09-30 Stacie M. Smith Stacie M. Smith Stacie M. Smith President and Treasurer XXXX NPORT-EX 2 QTLY_294_20220831.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity Advisor® Small Cap Fund
August 31, 2022
ASCF-NPRT3-1022
1.805747.118
Common Stocks - 98.5%
 
 
Shares
Value ($)
(000s)
 
COMMUNICATION SERVICES - 2.8%
 
 
 
Interactive Media & Services - 1.7%
 
 
 
CarGurus, Inc. Class A (a)
 
152,200
2,846
Cars.com, Inc. (a)
 
1,188,400
15,152
Ziff Davis, Inc. (a)
 
187,900
14,521
 
 
 
32,519
Media - 1.1%
 
 
 
TechTarget, Inc. (a)
 
325,000
21,093
TOTAL COMMUNICATION SERVICES
 
 
53,612
CONSUMER DISCRETIONARY - 11.0%
 
 
 
Auto Components - 2.4%
 
 
 
Adient PLC (a)
 
498,400
16,547
Gentherm, Inc. (a)
 
175,300
10,500
Patrick Industries, Inc.
 
353,564
18,728
 
 
 
45,775
Hotels, Restaurants & Leisure - 1.7%
 
 
 
Brinker International, Inc. (a)
 
363,700
8,914
Churchill Downs, Inc.
 
94,600
18,645
Lindblad Expeditions Holdings (a)
 
602,600
4,658
 
 
 
32,217
Household Durables - 2.0%
 
 
 
Skyline Champion Corp. (a)
 
476,686
27,014
Tempur Sealy International, Inc.
 
479,900
12,002
 
 
 
39,016
Internet & Direct Marketing Retail - 0.3%
 
 
 
BARK, Inc. (a)(b)
 
402,800
934
Vivid Seats, Inc. Class A
 
467,980
3,786
 
 
 
4,720
Leisure Products - 0.3%
 
 
 
Clarus Corp. (c)
 
401,838
6,096
Specialty Retail - 3.3%
 
 
 
Academy Sports & Outdoors, Inc.
 
163,805
7,057
Aritzia, Inc. (a)
 
404,500
13,157
Lithia Motors, Inc. Class A (sub. vtg.)
 
28,300
7,512
Murphy U.S.A., Inc.
 
77,400
22,459
Musti Group OYJ
 
692,693
13,741
 
 
 
63,926
Textiles, Apparel & Luxury Goods - 1.0%
 
 
 
Crocs, Inc. (a)
 
263,621
19,429
TOTAL CONSUMER DISCRETIONARY
 
 
211,179
CONSUMER STAPLES - 3.0%
 
 
 
Food & Staples Retailing - 2.2%
 
 
 
BJ's Wholesale Club Holdings, Inc. (a)
 
265,230
19,757
Performance Food Group Co. (a)
 
464,300
23,206
 
 
 
42,963
Food Products - 0.8%
 
 
 
Nomad Foods Ltd. (a)
 
850,600
15,047
TOTAL CONSUMER STAPLES
 
 
58,010
ENERGY - 4.7%
 
 
 
Energy Equipment & Services - 0.5%
 
 
 
TechnipFMC PLC (a)
 
1,301,300
10,645
Oil, Gas & Consumable Fuels - 4.2%
 
 
 
Antero Resources Corp. (a)
 
794,600
31,848
Denbury, Inc. (a)
 
291,700
25,941
Enviva, Inc.
 
189,000
13,139
Hess Midstream LP (c)
 
317,548
8,990
 
 
 
79,918
TOTAL ENERGY
 
 
90,563
FINANCIALS - 15.7%
 
 
 
Banks - 8.4%
 
 
 
ConnectOne Bancorp, Inc.
 
839,500
21,013
First Interstate Bancsystem, Inc.
 
597,100
24,039
Independent Bank Group, Inc.
 
315,500
21,252
Metropolitan Bank Holding Corp. (a)
 
237,700
17,017
PacWest Bancorp
 
699,100
18,407
Pinnacle Financial Partners, Inc.
 
257,100
20,751
ServisFirst Bancshares, Inc. (c)
 
263,900
22,263
Trico Bancshares
 
343,300
16,200
 
 
 
160,942
Capital Markets - 2.4%
 
 
 
LPL Financial (c)
 
83,100
18,393
Morningstar, Inc.
 
68,509
15,619
Patria Investments Ltd.
 
782,500
11,307
 
 
 
45,319
Consumer Finance - 0.5%
 
 
 
PROG Holdings, Inc. (a)
 
558,414
10,353
Insurance - 2.7%
 
 
 
Enstar Group Ltd. (a)
 
61,802
11,696
Old Republic International Corp.
 
714,500
15,605
Primerica, Inc.
 
129,400
16,401
Selective Insurance Group, Inc.
 
106,100
8,426
 
 
 
52,128
Thrifts & Mortgage Finance - 1.7%
 
 
 
Essent Group Ltd.
 
487,123
19,480
Walker & Dunlop, Inc.
 
132,000
13,261
 
 
 
32,741
TOTAL FINANCIALS
 
 
301,483
HEALTH CARE - 14.6%
 
 
 
Biotechnology - 4.5%
 
 
 
Agios Pharmaceuticals, Inc. (a)
 
137,300
3,501
Aurinia Pharmaceuticals, Inc. (a)(c)
 
247,900
1,825
Avid Bioservices, Inc. (a)(c)
 
525,111
9,042
Blueprint Medicines Corp. (a)
 
113,200
8,289
Celldex Therapeutics, Inc. (a)
 
69,400
2,110
Cerevel Therapeutics Holdings (a)
 
195,600
5,692
Cytokinetics, Inc. (a)
 
199,600
10,571
Erasca, Inc. (a)
 
455,300
4,107
Exelixis, Inc. (a)
 
246,300
4,369
Instil Bio, Inc. (a)(c)
 
383,700
1,995
Janux Therapeutics, Inc. (a)
 
171,000
1,850
Keros Therapeutics, Inc. (a)
 
58,000
2,051
Legend Biotech Corp. ADR (a)
 
77,800
3,617
Mirati Therapeutics, Inc. (a)
 
28,000
2,269
Prelude Therapeutics, Inc. (a)(c)
 
254,637
1,833
PTC Therapeutics, Inc. (a)
 
111,200
5,553
Relay Therapeutics, Inc. (a)
 
178,800
4,107
Tenaya Therapeutics, Inc. (a)
 
171,900
755
TG Therapeutics, Inc. (a)
 
496,600
3,541
Xenon Pharmaceuticals, Inc. (a)
 
206,600
8,018
Zentalis Pharmaceuticals, Inc. (a)
 
48,346
1,296
 
 
 
86,391
Health Care Equipment & Supplies - 2.2%
 
 
 
BioLife Solutions, Inc. (a)
 
294,000
6,941
Envista Holdings Corp. (a)
 
315,900
11,717
Heska Corp. (a)(c)
 
84,900
7,732
Meridian Bioscience, Inc. (a)
 
35,211
1,148
Tandem Diabetes Care, Inc. (a)
 
173,200
7,922
TransMedics Group, Inc. (a)
 
146,600
7,628
 
 
 
43,088
Health Care Providers & Services - 5.5%
 
 
 
Acadia Healthcare Co., Inc. (a)
 
317,300
25,996
Chemed Corp.
 
52,100
24,809
LHC Group, Inc. (a)
 
56,377
9,103
Option Care Health, Inc. (a)
 
505,637
15,655
Owens & Minor, Inc.
 
292,600
8,635
The Ensign Group, Inc. (c)
 
243,300
20,753
 
 
 
104,951
Life Sciences Tools & Services - 1.8%
 
 
 
Medpace Holdings, Inc. (a)(c)
 
75,500
11,145
Olink Holding AB ADR (a)(c)
 
296,202
4,484
Syneos Health, Inc. (a)
 
310,300
18,652
 
 
 
34,281
Pharmaceuticals - 0.6%
 
 
 
Arvinas Holding Co. LLC (a)
 
121,300
5,136
Edgewise Therapeutics, Inc. (a)
 
262,800
2,649
NGM Biopharmaceuticals, Inc. (a)
 
214,500
3,027
 
 
 
10,812
TOTAL HEALTH CARE
 
 
279,523
INDUSTRIALS - 18.9%
 
 
 
Aerospace & Defense - 0.6%
 
 
 
V2X, Inc. (a)
 
319,197
11,063
Building Products - 1.9%
 
 
 
CSW Industrials, Inc. (c)
 
93,434
11,829
Masonite International Corp. (a)
 
295,500
24,178
 
 
 
36,007
Commercial Services & Supplies - 0.7%
 
 
 
Tetra Tech, Inc.
 
104,600
14,206
Construction & Engineering - 2.7%
 
 
 
EMCOR Group, Inc.
 
216,300
25,722
NV5 Global, Inc. (a)
 
188,180
26,488
 
 
 
52,210
Electrical Equipment - 2.0%
 
 
 
Array Technologies, Inc. (a)(c)
 
748,032
15,634
Atkore, Inc. (a)
 
274,100
23,137
 
 
 
38,771
Machinery - 2.1%
 
 
 
ITT, Inc.
 
184,800
13,404
Kornit Digital Ltd. (a)(c)
 
66,000
2,051
Luxfer Holdings PLC sponsored
 
784,700
12,908
Oshkosh Corp.
 
150,400
11,996
 
 
 
40,359
Professional Services - 5.0%
 
 
 
ASGN, Inc. (a)
 
203,600
19,688
Booz Allen Hamilton Holding Corp. Class A
 
155,900
14,920
FTI Consulting, Inc. (a)(c)
 
74,200
11,917
KBR, Inc.
 
585,400
28,275
TriNet Group, Inc. (a)
 
247,400
20,386
 
 
 
95,186
Road & Rail - 0.8%
 
 
 
TFI International, Inc.
 
142,500
14,220
Trading Companies & Distributors - 3.1%
 
 
 
Beacon Roofing Supply, Inc. (a)
 
285,700
15,688
Custom Truck One Source, Inc. Class A (a)(c)
 
948,974
6,244
GMS, Inc. (a)
 
422,118
20,346
Rush Enterprises, Inc. Class A
 
372,394
17,525
 
 
 
59,803
TOTAL INDUSTRIALS
 
 
361,825
INFORMATION TECHNOLOGY - 14.2%
 
 
 
Communications Equipment - 1.2%
 
 
 
Extreme Networks, Inc. (a)
 
1,649,600
23,639
Electronic Equipment & Components - 4.6%
 
 
 
Advanced Energy Industries, Inc.
 
189,400
17,006
Insight Enterprises, Inc. (a)
 
327,572
29,848
Napco Security Technologies, Inc.
 
722,802
21,438
TD SYNNEX Corp.
 
217,041
20,897
 
 
 
89,189
IT Services - 2.7%
 
 
 
Concentrix Corp.
 
177,141
22,281
Endava PLC ADR (a)
 
141,508
14,292
Perficient, Inc. (a)
 
127,700
9,973
Repay Holdings Corp. (a)
 
468,260
4,350
 
 
 
50,896
Semiconductors & Semiconductor Equipment - 3.1%
 
 
 
AEHR Test Systems (a)(c)
 
420,500
6,114
Ichor Holdings Ltd. (a)
 
456,900
14,036
MACOM Technology Solutions Holdings, Inc. (a)
 
333,800
18,409
SiTime Corp. (a)
 
63,000
6,704
Synaptics, Inc. (a)
 
116,545
13,474
 
 
 
58,737
Software - 2.0%
 
 
 
Five9, Inc. (a)(c)
 
103,600
10,164
Intapp, Inc. (a)
 
558,900
8,098
Rapid7, Inc. (a)
 
147,100
8,458
Tenable Holdings, Inc. (a)
 
288,000
11,408
 
 
 
38,128
Technology Hardware, Storage & Peripherals - 0.6%
 
 
 
Avid Technology, Inc. (a)
 
432,600
11,832
TOTAL INFORMATION TECHNOLOGY
 
 
272,421
MATERIALS - 7.1%
 
 
 
Chemicals - 2.9%
 
 
 
Element Solutions, Inc.
 
1,177,200
21,978
Tronox Holdings PLC
 
657,000
9,612
Valvoline, Inc.
 
805,700
23,422
 
 
 
55,012
Construction Materials - 1.1%
 
 
 
Eagle Materials, Inc.
 
181,600
21,723
Metals & Mining - 3.1%
 
 
 
Commercial Metals Co.
 
855,900
34,673
Constellium NV (a)
 
1,774,500
23,636
 
 
 
58,309
TOTAL MATERIALS
 
 
135,044
REAL ESTATE - 4.9%
 
 
 
Equity Real Estate Investment Trusts (REITs) - 4.0%
 
 
 
Essential Properties Realty Trust, Inc.
 
1,098,301
24,866
Lamar Advertising Co. Class A
 
261,500
24,552
Summit Industrial Income REIT
 
911,700
12,787
Urban Edge Properties
 
887,300
13,957
 
 
 
76,162
Real Estate Management & Development - 0.9%
 
 
 
Cushman & Wakefield PLC (a)
 
1,202,300
17,986
TOTAL REAL ESTATE
 
 
94,148
UTILITIES - 1.6%
 
 
 
Gas Utilities - 1.0%
 
 
 
Brookfield Infrastructure Corp. A Shares
 
366,967
17,468
Star Gas Partners LP
 
119,764
1,101
 
 
 
18,569
Multi-Utilities - 0.6%
 
 
 
Telecom Plus PLC
 
506,364
11,471
TOTAL UTILITIES
 
 
30,040
 
TOTAL COMMON STOCKS
 (Cost $1,665,385)
 
 
 
1,887,848
 
 
 
 
Money Market Funds - 3.8%
 
 
Shares
Value ($)
(000s)
 
Fidelity Cash Central Fund 2.33% (d)
 
10,965,200
10,967
Fidelity Securities Lending Cash Central Fund 2.34% (d)(e)
 
62,010,994
62,017
 
TOTAL MONEY MARKET FUNDS
 (Cost $72,984)
 
 
72,984
 
 
 
 
Equity Funds - 1.0%
 
 
Shares
Value ($)
(000s)
 
Small Blend Funds - 1.0%
 
 
 
iShares Russell 2000 Index ETF (c)
  (Cost $17,945)
 
103,700
19,029
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 103.3%
 (Cost $1,756,314)
 
 
 
1,979,861
NET OTHER ASSETS (LIABILITIES) - (3.3)%  
(62,893)
NET ASSETS - 100.0%
1,916,968
 
 
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)
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 $934,000 or 0.0% of net assets.
 
(c)
Security or a portion of the security is on loan at period end.
 
(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 2.33%
15,879
498,552
503,464
106
-
-
10,967
0.0%
Fidelity Securities Lending Cash Central Fund 2.34%
158,795
524,946
621,724
205
-
-
62,017
0.2%
Total
174,674
1,023,498
1,125,188
311
-
-
72,984
 
 
 
 
 
 
 
 
 
 
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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