Common Stocks - 97.7%
|
|||
Shares
|
Value ($)
(000s)
|
||
COMMUNICATION SERVICES - 7.8%
|
|||
Entertainment - 1.1%
|
|||
Netflix, Inc. (a)
|
22,600
|
7,456
|
|
Warner Bros Discovery, Inc.
|
214,900
|
2,925
|
|
10,381
|
|||
Interactive Media & Services - 4.2%
|
|||
Alphabet, Inc. Class C (a)
|
147,800
|
15,995
|
|
Cars.com, Inc. (a)
|
240,100
|
4,699
|
|
Meta Platforms, Inc. Class A (a)
|
79,400
|
19,081
|
|
39,775
|
|||
Media - 1.3%
|
|||
Nexstar Broadcasting Group, Inc. Class A
|
71,038
|
12,322
|
|
Wireless Telecommunication Services - 1.2%
|
|||
T-Mobile U.S., Inc. (a)
|
77,300
|
11,123
|
|
TOTAL COMMUNICATION SERVICES
|
73,601
|
||
CONSUMER DISCRETIONARY - 16.1%
|
|||
Automobiles - 1.3%
|
|||
Tesla, Inc. (a)
|
71,300
|
11,715
|
|
Hotels, Restaurants & Leisure - 7.8%
|
|||
Booking Holdings, Inc. (a)
|
2,000
|
5,373
|
|
Boyd Gaming Corp.
|
489,391
|
33,964
|
|
Caesars Entertainment, Inc. (a)
|
501,200
|
22,699
|
|
Draftkings Holdings, Inc.
|
137,900
|
3,021
|
|
Flutter Entertainment PLC (a)
|
14,800
|
2,960
|
|
New Cotai LLC/New Cotai Capital Corp. (a)(b)(c)
|
411,029
|
362
|
|
Studio City International Holdings Ltd.:
|
|||
ADR (a)(d)
|
361,261
|
2,681
|
|
(NYSE) ADR (a)(e)
|
397,700
|
2,951
|
|
74,011
|
|||
Household Durables - 1.2%
|
|||
Tempur Sealy International, Inc.
|
311,202
|
11,661
|
|
Specialty Retail - 4.9%
|
|||
Dick's Sporting Goods, Inc.
|
86,500
|
12,543
|
|
Lowe's Companies, Inc.
|
84,900
|
17,645
|
|
Ulta Beauty, Inc. (a)
|
20,500
|
11,304
|
|
Victoria's Secret & Co. (a)
|
31,433
|
975
|
|
Williams-Sonoma, Inc. (e)
|
34,454
|
4,170
|
|
46,637
|
|||
Textiles, Apparel & Luxury Goods - 0.9%
|
|||
Tapestry, Inc.
|
213,200
|
8,701
|
|
TOTAL CONSUMER DISCRETIONARY
|
152,725
|
||
CONSUMER STAPLES - 4.8%
|
|||
Consumer Staples Distribution & Retail - 1.9%
|
|||
Albertsons Companies, Inc.
|
173,300
|
3,622
|
|
BJ's Wholesale Club Holdings, Inc. (a)
|
95,078
|
7,261
|
|
Dollar General Corp.
|
20,700
|
4,584
|
|
Performance Food Group Co. (a)
|
39,400
|
2,470
|
|
17,937
|
|||
Food Products - 2.9%
|
|||
Darling Ingredients, Inc. (a)
|
114,275
|
6,807
|
|
JBS SA
|
5,707,000
|
20,481
|
|
27,288
|
|||
TOTAL CONSUMER STAPLES
|
45,225
|
||
ENERGY - 6.9%
|
|||
Energy Equipment & Services - 0.3%
|
|||
Halliburton Co.
|
73,091
|
2,394
|
|
Oil, Gas & Consumable Fuels - 6.6%
|
|||
Antero Resources Corp. (a)
|
297,900
|
6,849
|
|
Canadian Natural Resources Ltd.
|
48,000
|
2,925
|
|
Cheniere Energy, Inc.
|
149,000
|
22,797
|
|
Chesapeake Energy Corp.
|
113,985
|
9,424
|
|
Denbury, Inc. (a)
|
118,500
|
11,066
|
|
Diamondback Energy, Inc.
|
37,500
|
5,333
|
|
Occidental Petroleum Corp.
|
68,700
|
4,227
|
|
62,621
|
|||
TOTAL ENERGY
|
65,015
|
||
FINANCIALS - 10.9%
|
|||
Banks - 1.8%
|
|||
JPMorgan Chase & Co.
|
74,200
|
10,257
|
|
Wells Fargo & Co.
|
182,000
|
7,235
|
|
17,492
|
|||
Consumer Finance - 1.6%
|
|||
OneMain Holdings, Inc.
|
396,800
|
15,225
|
|
Financial Services - 5.7%
|
|||
Apollo Global Management, Inc.
|
143,800
|
9,115
|
|
Block, Inc. Class A (a)
|
43,600
|
2,650
|
|
Fiserv, Inc. (a)
|
102,200
|
12,481
|
|
Global Payments, Inc.
|
91,100
|
10,268
|
|
MasterCard, Inc. Class A
|
15,500
|
5,890
|
|
Visa, Inc. Class A
|
58,700
|
13,661
|
|
54,065
|
|||
Insurance - 1.8%
|
|||
Arthur J. Gallagher & Co.
|
81,900
|
17,040
|
|
TOTAL FINANCIALS
|
103,822
|
||
HEALTH CARE - 13.2%
|
|||
Biotechnology - 0.9%
|
|||
Regeneron Pharmaceuticals, Inc. (a)
|
10,500
|
8,419
|
|
Health Care Providers & Services - 5.8%
|
|||
HCA Holdings, Inc.
|
17,121
|
4,919
|
|
Humana, Inc.
|
30,100
|
15,968
|
|
Tenet Healthcare Corp. (a)
|
71,700
|
5,257
|
|
UnitedHealth Group, Inc.
|
59,900
|
29,476
|
|
55,620
|
|||
Life Sciences Tools & Services - 5.4%
|
|||
Charles River Laboratories International, Inc. (a)
|
12,599
|
2,395
|
|
IQVIA Holdings, Inc. (a)
|
141,200
|
26,578
|
|
Thermo Fisher Scientific, Inc.
|
39,600
|
21,974
|
|
50,947
|
|||
Pharmaceuticals - 1.1%
|
|||
AstraZeneca PLC sponsored ADR
|
69,600
|
5,096
|
|
Bristol-Myers Squibb Co.
|
75,400
|
5,034
|
|
10,130
|
|||
TOTAL HEALTH CARE
|
125,116
|
||
INDUSTRIALS - 7.4%
|
|||
Aerospace & Defense - 0.7%
|
|||
Lockheed Martin Corp.
|
14,800
|
6,874
|
|
Building Products - 1.4%
|
|||
Builders FirstSource, Inc. (a)
|
50,603
|
4,796
|
|
Carrier Global Corp.
|
197,000
|
8,239
|
|
13,035
|
|||
Electrical Equipment - 1.7%
|
|||
Generac Holdings, Inc. (a)
|
25,000
|
2,556
|
|
Regal Rexnord Corp.
|
104,200
|
13,563
|
|
16,119
|
|||
Marine Transportation - 0.0%
|
|||
Genco Shipping & Trading Ltd.
|
662
|
10
|
|
Passenger Airlines - 0.3%
|
|||
Delta Air Lines, Inc. (a)
|
64,400
|
2,210
|
|
Professional Services - 1.8%
|
|||
ASGN, Inc. (a)
|
85,791
|
6,142
|
|
SS&C Technologies Holdings, Inc.
|
187,100
|
10,953
|
|
17,095
|
|||
Trading Companies & Distributors - 1.5%
|
|||
United Rentals, Inc.
|
27,300
|
9,858
|
|
WESCO International, Inc.
|
31,600
|
4,550
|
|
14,408
|
|||
TOTAL INDUSTRIALS
|
69,751
|
||
INFORMATION TECHNOLOGY - 17.0%
|
|||
Communications Equipment - 0.9%
|
|||
Arista Networks, Inc. (a)
|
53,000
|
8,488
|
|
Electronic Equipment, Instruments & Components - 1.8%
|
|||
CDW Corp.
|
101,400
|
17,196
|
|
Semiconductors & Semiconductor Equipment - 7.4%
|
|||
Advanced Micro Devices, Inc. (a)
|
58,200
|
5,201
|
|
ASML Holding NV (depository receipt)
|
10,000
|
6,369
|
|
Marvell Technology, Inc.
|
184,300
|
7,276
|
|
Microchip Technology, Inc.
|
203,910
|
14,883
|
|
NVIDIA Corp.
|
19,700
|
5,467
|
|
NXP Semiconductors NV
|
71,600
|
11,724
|
|
onsemi (a)
|
267,537
|
19,252
|
|
70,172
|
|||
Software - 6.9%
|
|||
Adobe, Inc. (a)
|
25,600
|
9,666
|
|
Microsoft Corp.
|
114,200
|
35,091
|
|
Palo Alto Networks, Inc. (a)
|
84,900
|
15,491
|
|
Synopsys, Inc. (a)
|
13,900
|
5,161
|
|
65,409
|
|||
TOTAL INFORMATION TECHNOLOGY
|
161,265
|
||
MATERIALS - 9.2%
|
|||
Chemicals - 4.7%
|
|||
Celanese Corp. Class A
|
18,000
|
1,912
|
|
CF Industries Holdings, Inc.
|
157,400
|
11,267
|
|
Olin Corp.
|
85,100
|
4,715
|
|
The Chemours Co. LLC
|
726,400
|
21,116
|
|
Westlake Corp.
|
49,700
|
5,655
|
|
44,665
|
|||
Containers & Packaging - 2.4%
|
|||
Berry Global Group, Inc.
|
123,600
|
7,145
|
|
Graphic Packaging Holding Co.
|
337,600
|
8,325
|
|
WestRock Co.
|
241,700
|
7,234
|
|
22,704
|
|||
Metals & Mining - 2.1%
|
|||
ATI, Inc. (a)
|
138,200
|
5,337
|
|
Cleveland-Cliffs, Inc. (a)
|
179,300
|
2,758
|
|
First Quantum Minerals Ltd.
|
324,300
|
7,880
|
|
Freeport-McMoRan, Inc.
|
111,700
|
4,235
|
|
20,210
|
|||
TOTAL MATERIALS
|
87,579
|
||
REAL ESTATE - 0.4%
|
|||
Equity Real Estate Investment Trusts (REITs) - 0.4%
|
|||
Crown Castle International Corp.
|
31,500
|
3,877
|
|
UTILITIES - 4.0%
|
|||
Electric Utilities - 2.8%
|
|||
PG&E Corp. (a)
|
1,566,656
|
26,805
|
|
Independent Power and Renewable Electricity Producers - 1.2%
|
|||
Vistra Corp.
|
477,800
|
11,400
|
|
TOTAL UTILITIES
|
38,205
|
||
TOTAL COMMON STOCKS
(Cost $658,740)
|
926,181
|
||
Convertible Bonds - 0.1%
|
|||
Principal
Amount (f)
(000s)
|
Value ($)
(000s)
|
||
CONSUMER DISCRETIONARY - 0.1%
|
|||
Hotels, Restaurants & Leisure - 0.1%
|
|||
New Cotai LLC 5% 2/24/27 (c)
(Cost $476)
|
492
|
1,147
|
|
Money Market Funds - 2.8%
|
|||
Shares
|
Value ($)
(000s)
|
||
Fidelity Cash Central Fund 4.88% (g)
|
22,107,410
|
22,112
|
|
Fidelity Securities Lending Cash Central Fund 4.88% (g)(h)
|
4,309,569
|
4,310
|
|
TOTAL MONEY MARKET FUNDS
(Cost $26,422)
|
26,422
|
||
TOTAL INVESTMENT IN SECURITIES - 100.6%
(Cost $685,638)
|
953,750
|
NET OTHER ASSETS (LIABILITIES) - (0.6)%
|
(5,984)
|
NET ASSETS - 100.0%
|
947,766
|
(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 $362,000 or 0.0% of net assets.
|
(c)
|
Level 3 security
|
(d)
|
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 $2,681,000 or 0.3% of net assets.
|
(e)
|
Security or a portion of the security is on loan at period end.
|
(f)
|
Amount is stated in United States dollars unless otherwise noted.
|
(g)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
|
(h)
|
Investment made with cash collateral received from securities on loan.
|
Additional information on each restricted holding is as follows:
|
||
Security
|
Acquisition Date
|
Acquisition Cost ($)
(000s)
|
New Cotai LLC/New Cotai Capital Corp.
|
9/11/20
|
2,036
|
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 4.88%
|
48,881
|
239,271
|
266,040
|
793
|
-
|
-
|
22,112
|
0.1%
|
Fidelity Securities Lending Cash Central Fund 4.88%
|
13,402
|
140,021
|
149,113
|
9
|
-
|
-
|
4,310
|
0.0%
|
Total
|
62,283
|
379,292
|
415,153
|
802
|
-
|
-
|
26,422
|
|