0001752724-23-090174.txt : 20230427 0001752724-23-090174.hdr.sgml : 20230427 20230427142953 ACCESSION NUMBER: 0001752724-23-090174 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230228 FILED AS OF DATE: 20230427 DATE AS OF CHANGE: 20230427 PERIOD START: 20231130 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: 23855333 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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27317528.18000000 2.425636125495 Long EC CORP US N 1 N N N EXELON CORP 3SOUA6IRML7435B56G12 EXELON CORP 30161N101 197500.00000000 NS USD 7977025.00000000 0.708312988147 Long EC CORP US N 1 N N N UNIVERSAL DISPLAY CORP N/A UNIVERSAL DISPLAY CORP 91347P105 9400.00000000 NS USD 1276990.00000000 0.113389214993 Long EC CORP US N 1 N N N SIMON PROPERTY GROUP INC 529900GQL5X8H7AO3T64 SIMON PPTY GROUP INC - REIT 828806109 42400.00000000 NS USD 5176616.00000000 0.459653109706 Long EC CORP US N 1 N N N RELIANCE INDUSTRIES LTD 5493003UOETFYRONLG31 RELIANCE INDS GDR 759470107 112500.00000000 NS USD 6266250.00000000 0.556406211837 Long EC CORP IN N 1 N N N ALTRIA GROUP INC XSGZFLO9YTNO9VCQV219 ALTRIA GROUP INC 02209S103 289073.00000000 NS USD 13421659.39000000 1.191764557392 Long EC CORP US N 1 N N N AMERICAN TOWER CORP 5493006ORUSIL88JOE18 AMERICAN TOWER CORP 03027X100 41300.00000000 NS USD 8177813.00000000 0.726141783753 Long EC CORP US N 1 N N N HILTON WORLDWIDE HOLDINGS INC 549300HVGPK36ICB0B89 HILTON WORLDWIDE HOLDINGS INC 43300A203 8500.00000000 NS USD 1228335.00000000 0.109068936639 Long EC CORP US N 1 N N N BROOKFIELD INFRASTRUCTURE CORP N/A BROOKFIELD INFRASTRUCTURE - A 11275Q107 135800.00000000 NS USD 5867918.00000000 0.521036668781 Long EC CORP CA N 1 N N N VISTRA CORP 549300KP43CPCUJOOG15 VISTRA CORP 92840M102 156400.00000000 NS USD 3439236.00000000 0.305383965589 Long EC CORP US N 1 N N N SS and C TECHNOLOGIES HLDGS INC 529900POY8H7NPPNKK71 SS and C TECHNOLOGIES HOLDINGS INC 78467J100 201200.00000000 NS USD 11810440.00000000 1.048697734774 Long EC CORP US N 1 N N N PROLOGIS INC 529900DFH19P073LZ636 PROLOGIS INC REIT 74340W103 6200.00000000 NS USD 765080.00000000 0.067934612336 Long EC CORP US N 1 N N N AGNICO EAGLE MINES LTD YGE0EUBRF7IJOB3QRX76 AGNICO EAGLE MINES LTD 008474108 179000.00000000 NS 8240952.73000000 0.731748221093 Long EC CORP CA N 1 N N ALPHABET INC 5493006MHB84DD0ZWV18 ALPHABET INC CL A 02079K305 95800.00000000 NS USD 8627748.00000000 0.766093370255 Long EC CORP US N 1 N N N CHENIERE ENERGY INC MIHC87W9WTYSYZWV1J40 CHENIERE ENERGY INC 16411R208 39300.00000000 NS USD 6183462.00000000 0.549055123472 Long EC CORP US N 1 N N N NEWMONT CORP 549300VSP3RIX7FGDZ51 NEWMONT CORP 651639106 319800.00000000 NS USD 13946478.00000000 1.238365368833 Long EC CORP US N 1 N N N WHEATON PRECIOUS METALS CORP 549300XSFG5ZCGVYD886 WHEATON PRECIOUS METALS CORP 962879102 248800.00000000 NS 10365906.93000000 0.920431678783 Long EC CORP CA N 1 N N N 2023-03-30 Stacie M. Smith Stacie M. Smith Stacie M. Smith President and Treasurer XXXX NPORT-EX 2 QTLY_714_20230228.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity Advisor® Dividend Growth Fund
February 28, 2023
ADGF-NPRT1-0423
1.797922.119
Common Stocks - 99.2%
 
 
Shares
Value ($)
(000s)
 
COMMUNICATION SERVICES - 5.3%
 
 
 
Diversified Telecommunication Services - 1.4%
 
 
 
Cellnex Telecom SA (a)
 
181,100
6,795
Verizon Communications, Inc.
 
237,400
9,213
 
 
 
16,008
Entertainment - 1.1%
 
 
 
Activision Blizzard, Inc.
 
163,700
12,482
Interactive Media & Services - 1.9%
 
 
 
Alphabet, Inc. Class A (b)
 
95,800
8,628
Meta Platforms, Inc. Class A (b)
 
54,500
9,534
Tencent Holdings Ltd. sponsored ADR (c)
 
71,200
3,130
 
 
 
21,292
Media - 0.9%
 
 
 
Comcast Corp. Class A
 
263,950
9,811
TOTAL COMMUNICATION SERVICES
 
 
59,593
CONSUMER DISCRETIONARY - 5.2%
 
 
 
Diversified Consumer Services - 0.8%
 
 
 
H&R Block, Inc.
 
244,242
8,988
Hotels, Restaurants & Leisure - 2.4%
 
 
 
Churchill Downs, Inc.
 
11,400
2,802
Domino's Pizza, Inc.
 
43,500
12,789
Hilton Worldwide Holdings, Inc.
 
8,500
1,228
Krispy Kreme, Inc. (c)
 
67,100
873
Restaurant Brands International, Inc. (c)
 
69,400
4,476
Starbucks Corp.
 
100
10
Yum China Holdings, Inc.
 
81,300
4,775
 
 
 
26,953
Household Durables - 0.8%
 
 
 
D.R. Horton, Inc.
 
47,200
4,365
Lennar Corp. Class A
 
49,300
4,769
 
 
 
9,134
Multiline Retail - 0.7%
 
 
 
Dollar General Corp.
 
33,800
7,311
Specialty Retail - 0.5%
 
 
 
TJX Companies, Inc.
 
73,300
5,615
TOTAL CONSUMER DISCRETIONARY
 
 
58,001
CONSUMER STAPLES - 8.1%
 
 
 
Beverages - 3.2%
 
 
 
Constellation Brands, Inc. Class A (sub. vtg.)
 
54,600
12,214
Keurig Dr. Pepper, Inc.
 
482,900
16,684
The Coca-Cola Co.
 
114,500
6,814
 
 
 
35,712
Food & Staples Retailing - 1.6%
 
 
 
Alimentation Couche-Tard, Inc. Class A (multi-vtg.)
 
158,700
7,445
Walmart, Inc.
 
78,000
11,086
 
 
 
18,531
Food Products - 0.4%
 
 
 
The J.M. Smucker Co.
 
32,100
4,747
Household Products - 0.8%
 
 
 
Reynolds Consumer Products, Inc. (c)
 
309,961
8,505
Tobacco - 2.1%
 
 
 
Altria Group, Inc.
 
289,073
13,422
Philip Morris International, Inc.
 
103,100
10,032
 
 
 
23,454
TOTAL CONSUMER STAPLES
 
 
90,949
ENERGY - 10.6%
 
 
 
Energy Equipment & Services - 1.4%
 
 
 
Baker Hughes Co. Class A
 
317,700
9,722
Schlumberger Ltd.
 
101,600
5,406
 
 
 
15,128
Oil, Gas & Consumable Fuels - 9.2%
 
 
 
ARC Resources Ltd.
 
716,400
7,802
Arch Resources, Inc.
 
74,900
11,786
Canadian Natural Resources Ltd.
 
214,800
12,138
Cheniere Energy, Inc.
 
39,300
6,183
Cool Co. Ltd.
 
292,200
3,786
Energy Transfer LP
 
1,316,600
16,668
Enterprise Products Partners LP
 
543,800
13,883
Exxon Mobil Corp.
 
136,722
15,027
Reliance Industries Ltd. sponsored GDR (a)
 
112,500
6,266
Sitio Royalties Corp.
 
161,900
3,806
Viper Energy Partners LP
 
222,653
6,375
 
 
 
103,720
TOTAL ENERGY
 
 
118,848
FINANCIALS - 7.9%
 
 
 
Banks - 2.5%
 
 
 
Bank of America Corp.
 
302,900
10,389
Wells Fargo & Co.
 
379,090
17,730
 
 
 
28,119
Capital Markets - 1.8%
 
 
 
BlackRock, Inc. Class A
 
1,800
1,241
Brookfield Corp. Class A
 
86,600
2,879
Intercontinental Exchange, Inc.
 
117,600
11,972
S&P Global, Inc.
 
12,548
4,281
 
 
 
20,373
Diversified Financial Services - 0.2%
 
 
 
Apollo Global Management, Inc.
 
30,300
2,148
Insurance - 3.4%
 
 
 
Arthur J. Gallagher & Co.
 
63,500
11,897
Brookfield Asset Management Reinsurance Partners Ltd.
 
491
16
Chubb Ltd.
 
24,900
5,254
Marsh & McLennan Companies, Inc.
 
51,500
8,350
The Travelers Companies, Inc.
 
71,800
13,292
 
 
 
38,809
TOTAL FINANCIALS
 
 
89,449
HEALTH CARE - 14.4%
 
 
 
Biotechnology - 0.8%
 
 
 
AbbVie, Inc.
 
29,100
4,478
Gilead Sciences, Inc.
 
54,900
4,421
 
 
 
8,899
Health Care Equipment & Supplies - 1.1%
 
 
 
Baxter International, Inc.
 
154,600
6,176
Becton, Dickinson & Co.
 
18,400
4,316
GE HealthCare Technologies, Inc. (b)
 
28,929
2,199
 
 
 
12,691
Health Care Providers & Services - 7.5%
 
 
 
Cigna Group
 
78,300
22,871
CVS Health Corp.
 
116,500
9,732
Elevance Health, Inc.
 
17,100
8,031
HCA Holdings, Inc.
 
23,800
5,794
Humana, Inc.
 
22,500
11,138
UnitedHealth Group, Inc.
 
57,397
27,318
 
 
 
84,884
Life Sciences Tools & Services - 1.4%
 
 
 
Danaher Corp.
 
12,700
3,144
Thermo Fisher Scientific, Inc.
 
22,400
12,135
 
 
 
15,279
Pharmaceuticals - 3.6%
 
 
 
Bristol-Myers Squibb Co.
 
240,900
16,612
Eli Lilly & Co.
 
31,600
9,835
Perrigo Co. PLC
 
168,600
6,355
Roche Holding AG (participation certificate)
 
13,210
3,809
Royalty Pharma PLC
 
102,300
3,667
 
 
 
40,278
TOTAL HEALTH CARE
 
 
162,031
INDUSTRIALS - 11.9%
 
 
 
Aerospace & Defense - 4.7%
 
 
 
Airbus Group NV
 
40,100
5,252
L3Harris Technologies, Inc.
 
17,900
3,780
Lockheed Martin Corp.
 
20,000
9,485
Northrop Grumman Corp.
 
18,800
8,725
Spirit AeroSystems Holdings, Inc. Class A
 
49,600
1,695
Textron, Inc.
 
88,800
6,441
The Boeing Co. (b)
 
87,100
17,555
 
 
 
52,933
Air Freight & Logistics - 0.2%
 
 
 
United Parcel Service, Inc. Class B
 
10,600
1,934
Commercial Services & Supplies - 1.2%
 
 
 
GFL Environmental, Inc. (c)
 
444,800
13,522
Industrial Conglomerates - 1.1%
 
 
 
General Electric Co.
 
144,087
12,206
Machinery - 3.4%
 
 
 
Allison Transmission Holdings, Inc.
 
401,743
19,083
Caterpillar, Inc.
 
18,600
4,456
Deere & Co.
 
17,900
7,504
Fortive Corp.
 
23,800
1,587
PACCAR, Inc.
 
80,550
5,816
 
 
 
38,446
Marine - 0.2%
 
 
 
2020 Bulkers Ltd.
 
227,100
2,375
Professional Services - 0.6%
 
 
 
Equifax, Inc.
 
21,300
4,314
Leidos Holdings, Inc.
 
30,000
2,912
 
 
 
7,226
Road & Rail - 0.5%
 
 
 
Canadian Pacific Railway Ltd.
 
73,000
5,544
TOTAL INDUSTRIALS
 
 
134,186
INFORMATION TECHNOLOGY - 16.5%
 
 
 
Electronic Equipment & Components - 0.3%
 
 
 
Jabil, Inc.
 
42,400
3,520
IT Services - 5.7%
 
 
 
Fidelity National Information Services, Inc.
 
106,100
6,724
Genpact Ltd.
 
87,200
4,162
Global Payments, Inc.
 
19,900
2,233
MasterCard, Inc. Class A
 
40,300
14,318
SS&C Technologies Holdings, Inc.
 
201,200
11,810
Visa, Inc. Class A
 
113,500
24,963
 
 
 
64,210
Semiconductors & Semiconductor Equipment - 2.7%
 
 
 
Broadcom, Inc.
 
9,400
5,586
Marvell Technology, Inc.
 
244,200
11,026
Microchip Technology, Inc.
 
13,400
1,086
NVIDIA Corp.
 
6,400
1,486
NXP Semiconductors NV
 
22,268
3,974
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR
 
66,600
5,799
Universal Display Corp.
 
9,400
1,277
 
 
 
30,234
Software - 6.8%
 
 
 
Intuit, Inc.
 
19,800
8,062
Microsoft Corp.
 
246,000
61,360
Oracle Corp.
 
78,700
6,878
 
 
 
76,300
Technology Hardware, Storage & Peripherals - 1.0%
 
 
 
Apple, Inc.
 
45,296
6,677
Samsung Electronics Co. Ltd.
 
94,180
4,320
 
 
 
10,997
TOTAL INFORMATION TECHNOLOGY
 
 
185,261
MATERIALS - 7.7%
 
 
 
Chemicals - 1.4%
 
 
 
CF Industries Holdings, Inc.
 
44,500
3,822
International Flavors & Fragrances, Inc.
 
35,500
3,309
Valvoline, Inc.
 
257,600
9,068
 
 
 
16,199
Metals & Mining - 5.6%
 
 
 
Agnico Eagle Mines Ltd. (Canada) (c)
 
179,000
8,241
Barrick Gold Corp.
 
626,800
10,104
Freeport-McMoRan, Inc.
 
226,500
9,280
Glencore PLC
 
1,881,500
11,217
Newmont Corp.
 
319,800
13,946
Wheaton Precious Metals Corp.
 
248,800
10,366
 
 
 
63,154
Paper & Forest Products - 0.7%
 
 
 
Louisiana-Pacific Corp. (c)
 
129,000
7,548
TOTAL MATERIALS
 
 
86,901
REAL ESTATE - 4.5%
 
 
 
Equity Real Estate Investment Trusts (REITs) - 4.5%
 
 
 
American Tower Corp.
 
41,300
8,178
Crown Castle International Corp.
 
57,100
7,466
CubeSmart
 
53,600
2,519
Digital Realty Trust, Inc.
 
49,000
5,107
Four Corners Property Trust, Inc.
 
216,500
5,878
National Retail Properties, Inc.
 
119,300
5,407
Prologis (REIT), Inc.
 
6,200
765
Public Storage
 
14,100
4,215
Simon Property Group, Inc.
 
42,400
5,177
Welltower, Inc.
 
87,900
6,515
 
 
 
51,227
UTILITIES - 7.1%
 
 
 
Electric Utilities - 4.2%
 
 
 
Constellation Energy Corp.
 
112,033
8,390
Edison International
 
142,300
9,422
Exelon Corp.
 
197,500
7,977
FirstEnergy Corp.
 
264,300
10,450
PG&E Corp. (b)
 
81,066
1,266
Southern Co.
 
153,900
9,705
 
 
 
47,210
Gas Utilities - 0.5%
 
 
 
Brookfield Infrastructure Corp. A Shares
 
135,800
5,868
Independent Power and Renewable Electricity Producers - 1.9%
 
 
 
NextEra Energy Partners LP
 
124,800
8,269
The AES Corp.
 
405,100
9,998
Vistra Corp.
 
156,400
3,439
 
 
 
21,706
Multi-Utilities - 0.5%
 
 
 
CenterPoint Energy, Inc.
 
33,100
921
Dominion Energy, Inc.
 
78,200
4,349
 
 
 
5,270
TOTAL UTILITIES
 
 
80,054
 
TOTAL COMMON STOCKS
 (Cost $1,021,672)
 
 
 
1,116,500
 
 
 
 
Money Market Funds - 3.4%
 
 
Shares
Value ($)
(000s)
 
Fidelity Cash Central Fund 4.63% (d)
 
9,264,171
9,266
Fidelity Securities Lending Cash Central Fund 4.63% (d)(e)
 
29,169,704
29,173
 
TOTAL MONEY MARKET FUNDS
 (Cost $38,439)
 
 
38,439
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 102.6%
 (Cost $1,060,111)
 
 
 
1,154,939
NET OTHER ASSETS (LIABILITIES) - (2.6)%  
(29,542)
NET ASSETS - 100.0%
1,125,397
 
 
 
Any values shown as $0 in the Schedule of Investments may reflect amounts less than $500.
 
Legend
 
(a)
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 $13,061,000 or 1.2% of net assets.
 
(b)
Non-income producing
 
(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.
 
 
 
 
 
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 4.63%
43,415
77,806
111,955
445
-
-
9,266
0.0%
Fidelity Securities Lending Cash Central Fund 4.63%
26,109
61,416
58,352
45
-
-
29,173
0.1%
Total
69,524
139,222
170,307
490
-
-
38,439
 
 
 
 
 
 
 
 
 
 
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
 
Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.
 
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.   
 
The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
 
Level 1 - Unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)
 
Valuation techniques used to value investments by major category are as follows:
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing service on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For any foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.
 
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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