0001752724-23-239227.txt : 20231027 0001752724-23-239227.hdr.sgml : 20231027 20231027092423 ACCESSION NUMBER: 0001752724-23-239227 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230831 FILED AS OF DATE: 20231027 DATE AS OF CHANGE: 20231027 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: 231352613 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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N N VIKING THERAPEUTICS INC 529900IVC72YPFA25M37 VIKING THERAPEUTICS INC 92686J106 164700.00000000 NS USD 2274507.00000000 0.117325277509 Long EC CORP US N 1 N N N FIVE9 INC 254900MXP6EWY0SFFR59 FIVE9 INC 338307101 111400.00000000 NS USD 8062018.00000000 0.415860887277 Long EC CORP US N 1 N N N NEOGEN CORP 549300HJT9FC36N4UW43 NEOGEN CORP 640491106 652700.00000000 NS USD 15090424.00000000 0.778405247177 Long EC CORP US N 1 N N N TRICO BANCSHARES N/A TRICO BANCSHARES 896095106 343200.00000000 NS USD 11785488.00000000 0.607927630114 Long EC CORP US N 1 N N N BROOKFIELD INFRASTRUCTURE CORP N/A BROOKFIELD INFRASTRUCTURE - A 11275Q107 665567.00000000 NS USD 25857277.95000000 1.333788953445 Long EC CORP CA N 1 N N N GMS INC 52990057RENOQO4U0D72 GMS INC 36251C103 200418.00000000 NS USD 13896984.12000000 0.716844361626 Long EC CORP US N 1 N N N MERIT MEDICAL SYSTEMS INC 549300OYTY138SP2CE83 MERIT MEDICAL SYSTEMS INC 589889104 184300.00000000 NS USD 12031104.00000000 0.620597173607 Long EC CORP US N 1 N N N CELLDEX THERAPEUTICS INC 529900F018DMYWH38923 CELLDEX THERAPEUTICS INC 15117B202 69400.00000000 NS USD 1936260.00000000 0.099877574274 Long EC CORP US N 1 N N N QUANTERIX CORP N/A QUANTERIX CORP 74766Q101 132587.00000000 NS USD 3553331.60000000 0.183290539908 Long EC CORP US N 1 N N N PERFICIENT INC 549300HTBXKL2755T650 PERFICIENT INC 71375U101 197700.00000000 NS USD 12611283.00000000 0.650524389562 Long EC CORP US N 1 N N N LAMAR ADVERTISING CO 529900Y8WW4MKVPTB543 LAMAR ADVERTISING CO CL A 512816109 267700.00000000 NS USD 24419594.00000000 1.259629292294 Long EC CORP US N 1 N N N 2023-09-30 Stacie M. Smith Stacie M. Smith Stacie M. Smith President and Treasurer XXXX NPORT-EX 2 QTLY_294_20230831.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity Advisor® Small Cap Fund
August 31, 2023
ASCF-NPRT3-1023
1.805747.119
Common Stocks - 99.5%
 
 
Shares
Value ($)
(000s)
 
COMMUNICATION SERVICES - 2.4%
 
 
 
Entertainment - 0.2%
 
 
 
Vivid Seats, Inc. Class A (a)
 
467,980
3,398
Interactive Media & Services - 1.5%
 
 
 
Cars.com, Inc. (a)
 
967,000
18,073
Ziff Davis, Inc. (a)
 
161,600
10,771
 
 
 
28,844
Media - 0.4%
 
 
 
TechTarget, Inc. (a)
 
283,800
8,159
Wireless Telecommunication Services - 0.3%
 
 
 
Gogo, Inc. (a)
 
578,700
6,568
TOTAL COMMUNICATION SERVICES
 
 
46,969
CONSUMER DISCRETIONARY - 11.8%
 
 
 
Automobile Components - 3.5%
 
 
 
Adient PLC (a)
 
493,200
19,319
Fox Factory Holding Corp. (a)
 
183,244
20,305
Patrick Industries, Inc.
 
336,464
28,142
 
 
 
67,766
Hotels, Restaurants & Leisure - 1.1%
 
 
 
Brinker International, Inc. (a)
 
299,300
9,796
Churchill Downs, Inc.
 
90,000
11,275
 
 
 
21,071
Household Durables - 2.2%
 
 
 
Skyline Champion Corp. (a)
 
271,886
19,377
Tempur Sealy International, Inc.
 
483,000
22,566
 
 
 
41,943
Leisure Products - 0.3%
 
 
 
Clarus Corp. (b)
 
778,238
5,596
Specialty Retail - 3.8%
 
 
 
Academy Sports & Outdoors, Inc.
 
148,905
8,126
Murphy U.S.A., Inc.
 
78,000
24,776
Musti Group OYJ
 
869,693
19,295
Valvoline, Inc.
 
622,500
21,439
 
 
 
73,636
Textiles, Apparel & Luxury Goods - 0.9%
 
 
 
Crocs, Inc. (a)(b)
 
180,321
17,552
TOTAL CONSUMER DISCRETIONARY
 
 
227,564
CONSUMER STAPLES - 3.9%
 
 
 
Consumer Staples Distribution & Retail - 3.0%
 
 
 
BJ's Wholesale Club Holdings, Inc. (a)
 
260,430
17,550
Performance Food Group Co. (a)
 
409,400
25,436
Sprouts Farmers Market LLC (a)
 
387,400
15,802
 
 
 
58,788
Food Products - 0.9%
 
 
 
Nomad Foods Ltd. (a)
 
919,000
16,854
TOTAL CONSUMER STAPLES
 
 
75,642
ENERGY - 4.8%
 
 
 
Energy Equipment & Services - 2.2%
 
 
 
Championx Corp.
 
669,400
24,159
TechnipFMC PLC
 
990,700
18,863
 
 
 
43,022
Oil, Gas & Consumable Fuels - 2.6%
 
 
 
Antero Resources Corp. (a)
 
728,400
20,155
Denbury, Inc. (a)
 
81,200
7,436
Hess Midstream LP (b)
 
335,948
9,709
Magnolia Oil & Gas Corp. Class A
 
563,700
12,852
 
 
 
50,152
TOTAL ENERGY
 
 
93,174
FINANCIALS - 14.0%
 
 
 
Banks - 5.2%
 
 
 
ConnectOne Bancorp, Inc.
 
1,060,855
20,284
First Interstate Bancsystem, Inc.
 
649,600
16,831
Independent Bank Group, Inc.
 
453,000
19,117
Metropolitan Bank Holding Corp. (a)
 
265,782
10,581
Pinnacle Financial Partners, Inc.
 
327,000
21,765
Trico Bancshares
 
343,200
11,785
 
 
 
100,363
Capital Markets - 3.4%
 
 
 
Houlihan Lokey
 
179,600
18,919
Lazard Ltd. Class A
 
350,600
12,180
LPL Financial
 
44,800
10,330
Morningstar, Inc.
 
55,309
12,869
Patria Investments Ltd.
 
790,260
11,396
 
 
 
65,694
Consumer Finance - 0.7%
 
 
 
PROG Holdings, Inc. (a)
 
426,314
14,623
Financial Services - 1.3%
 
 
 
Essent Group Ltd.
 
487,123
24,463
Insurance - 3.4%
 
 
 
Old Republic International Corp.
 
725,100
19,831
Primerica, Inc.
 
124,800
25,080
Selective Insurance Group, Inc.
 
218,900
21,717
 
 
 
66,628
TOTAL FINANCIALS
 
 
271,771
HEALTH CARE - 13.5%
 
 
 
Biotechnology - 3.9%
 
 
 
Allogene Therapeutics, Inc. (a)
 
574,300
2,234
Biohaven Ltd.
 
141,800
2,594
Blueprint Medicines Corp. (a)
 
114,100
5,689
Celldex Therapeutics, Inc. (a)
 
69,400
1,936
Cerevel Therapeutics Holdings (a)
 
195,600
4,636
Cytokinetics, Inc. (a)
 
219,100
7,655
Day One Biopharmaceuticals, Inc. (a)(b)
 
130,800
1,764
Exelixis, Inc. (a)
 
273,500
6,124
Janux Therapeutics, Inc. (a)(b)
 
171,000
1,881
Keros Therapeutics, Inc. (a)
 
58,000
2,036
Legend Biotech Corp. ADR (a)
 
77,800
5,396
PepGen, Inc. (a)
 
132,100
832
Prelude Therapeutics, Inc. (a)
 
254,637
950
PTC Therapeutics, Inc. (a)
 
157,300
6,213
Relay Therapeutics, Inc. (a)(b)
 
178,800
1,827
Vaxcyte, Inc. (a)
 
152,800
7,933
Verve Therapeutics, Inc. (a)(b)
 
239,100
3,077
Viking Therapeutics, Inc. (a)
 
164,700
2,275
Xenon Pharmaceuticals, Inc. (a)
 
206,600
8,053
Zentalis Pharmaceuticals, Inc. (a)
 
88,646
2,354
 
 
 
75,459
Health Care Equipment & Supplies - 4.0%
 
 
 
Envista Holdings Corp. (a)
 
493,300
15,795
Haemonetics Corp. (a)
 
151,800
13,621
Inspire Medical Systems, Inc. (a)
 
26,900
6,103
Merit Medical Systems, Inc. (a)
 
184,300
12,031
Neogen Corp. (a)
 
652,700
15,090
Pulmonx Corp. (a)
 
481,100
5,032
TransMedics Group, Inc. (a)
 
156,400
10,265
 
 
 
77,937
Health Care Providers & Services - 4.0%
 
 
 
Acadia Healthcare Co., Inc. (a)
 
303,600
23,408
Chemed Corp.
 
34,600
17,696
Option Care Health, Inc. (a)
 
318,537
11,095
The Ensign Group, Inc.
 
248,400
24,895
 
 
 
77,094
Life Sciences Tools & Services - 0.5%
 
 
 
BioLife Solutions, Inc. (a)
 
240,100
3,172
Olink Holding AB ADR (a)
 
185,102
3,060
Quanterix Corp. (a)
 
132,587
3,553
 
 
 
9,785
Pharmaceuticals - 1.1%
 
 
 
Arvinas Holding Co. LLC (a)
 
139,200
3,927
Edgewise Therapeutics, Inc. (a)
 
277,000
1,731
Intra-Cellular Therapies, Inc. (a)
 
141,100
7,834
Ventyx Biosciences, Inc. (a)
 
112,900
3,782
Verona Pharma PLC ADR (a)
 
173,600
3,373
 
 
 
20,647
TOTAL HEALTH CARE
 
 
260,922
INDUSTRIALS - 21.1%
 
 
 
Aerospace & Defense - 0.8%
 
 
 
V2X, Inc. (a)
 
320,397
16,119
Building Products - 2.7%
 
 
 
CSW Industrials, Inc. (b)
 
69,534
12,490
Masonite International Corp. (a)
 
160,500
16,485
Simpson Manufacturing Co. Ltd.
 
140,600
22,462
 
 
 
51,437
Construction & Engineering - 3.2%
 
 
 
EMCOR Group, Inc.
 
145,800
32,696
Granite Construction, Inc.
 
235,600
9,728
Sterling Construction Co., Inc. (a)
 
235,400
19,482
 
 
 
61,906
Electrical Equipment - 2.3%
 
 
 
Array Technologies, Inc. (a)
 
755,532
18,790
Atkore, Inc. (a)
 
96,400
14,843
Thermon Group Holdings, Inc. (a)
 
376,000
10,332
 
 
 
43,965
Ground Transportation - 1.0%
 
 
 
TFI International, Inc.
 
144,100
19,649
Machinery - 2.2%
 
 
 
ITT, Inc.
 
155,300
15,884
Terex Corp.
 
446,100
27,038
 
 
 
42,922
Professional Services - 5.2%
 
 
 
ASGN, Inc. (a)
 
200,000
16,432
Concentrix Corp.
 
167,141
13,343
ExlService Holdings, Inc. (a)
 
622,000
18,181
FTI Consulting, Inc. (a)
 
49,800
9,254
KBR, Inc.
 
384,500
23,654
NV5 Global, Inc. (a)
 
196,380
19,988
 
 
 
100,852
Trading Companies & Distributors - 3.7%
 
 
 
Applied Industrial Technologies, Inc.
 
119,300
18,416
Beacon Roofing Supply, Inc. (a)
 
201,100
16,058
GMS, Inc. (a)
 
200,418
13,897
Rush Enterprises, Inc. Class A
 
568,791
23,554
 
 
 
71,925
TOTAL INDUSTRIALS
 
 
408,775
INFORMATION TECHNOLOGY - 15.6%
 
 
 
Communications Equipment - 1.0%
 
 
 
Extreme Networks, Inc. (a)
 
694,100
19,053
Electronic Equipment, Instruments & Components - 6.2%
 
 
 
Advanced Energy Industries, Inc.
 
192,300
22,705
Fabrinet (a)
 
198,700
31,945
Insight Enterprises, Inc. (a)
 
219,572
35,151
Napco Security Technologies, Inc. (b)
 
279,702
6,931
TD SYNNEX Corp.
 
221,541
22,542
 
 
 
119,274
IT Services - 1.0%
 
 
 
Endava PLC ADR (a)
 
156,308
7,643
Perficient, Inc. (a)
 
197,700
12,611
 
 
 
20,254
Semiconductors & Semiconductor Equipment - 3.7%
 
 
 
AEHR Test Systems (a)(b)
 
294,800
15,038
Allegro MicroSystems LLC (a)
 
220,100
8,419
Axcelis Technologies, Inc. (a)
 
66,700
12,816
MACOM Technology Solutions Holdings, Inc. (a)
 
299,800
25,351
Synaptics, Inc. (a)
 
117,245
10,264
 
 
 
71,888
Software - 3.1%
 
 
 
Five9, Inc. (a)
 
111,400
8,062
Intapp, Inc. (a)
 
309,639
11,336
PROS Holdings, Inc. (a)
 
350,900
12,583
Rapid7, Inc. (a)
 
158,900
8,007
Tenable Holdings, Inc. (a)
 
460,100
20,875
 
 
 
60,863
Technology Hardware, Storage & Peripherals - 0.6%
 
 
 
Avid Technology, Inc. (a)
 
422,900
11,275
TOTAL INFORMATION TECHNOLOGY
 
 
302,607
MATERIALS - 7.1%
 
 
 
Chemicals - 2.0%
 
 
 
Element Solutions, Inc.
 
984,500
20,300
The Chemours Co. LLC
 
277,100
9,427
Tronox Holdings PLC
 
657,000
8,961
 
 
 
38,688
Construction Materials - 1.6%
 
 
 
Eagle Materials, Inc.
 
169,000
31,995
Metals & Mining - 3.5%
 
 
 
Commercial Metals Co.
 
639,800
36,017
Constellium NV (a)
 
1,752,900
31,552
 
 
 
67,569
TOTAL MATERIALS
 
 
138,252
REAL ESTATE - 4.0%
 
 
 
Equity Real Estate Investment Trusts (REITs) - 3.3%
 
 
 
Essential Properties Realty Trust, Inc.
 
995,001
23,900
Lamar Advertising Co. Class A
 
267,700
24,420
Urban Edge Properties
 
891,500
14,585
 
 
 
62,905
Real Estate Management & Development - 0.7%
 
 
 
Colliers International Group, Inc.
 
120,200
13,887
TOTAL REAL ESTATE
 
 
76,792
UTILITIES - 1.3%
 
 
 
Gas Utilities - 1.3%
 
 
 
Brookfield Infrastructure Corp. A Shares
 
665,567
25,857
 
TOTAL COMMON STOCKS
 (Cost $1,531,641)
 
 
 
1,928,325
 
 
 
 
Money Market Funds - 2.4%
 
 
Shares
Value ($)
(000s)
 
Fidelity Cash Central Fund 5.43% (c)
 
3,259,155
3,260
Fidelity Securities Lending Cash Central Fund 5.44% (c)(d)
 
43,605,300
43,610
 
TOTAL MONEY MARKET FUNDS
 (Cost $46,870)
 
 
46,870
 
 
 
 
Equity Funds - 0.4%
 
 
Shares
Value ($)
(000s)
 
Small Blend Funds - 0.4%
 
 
 
iShares Russell 2000 Index ETF (b)
  (Cost $6,374)
 
35,300
6,658
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 102.3%
 (Cost $1,584,885)
 
 
 
1,981,853
NET OTHER ASSETS (LIABILITIES) - (2.3)%  
(44,096)
NET ASSETS - 100.0%
1,937,757
 
 
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)
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.
 
(d)
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 5.43%
14,942
349,145
360,827
351
-
-
3,260
0.0%
Fidelity Securities Lending Cash Central Fund 5.44%
50,384
449,022
455,796
303
-
-
43,610
0.2%
Total
65,326
798,167
816,623
654
-
-
46,870
 
 
 
 
 
 
 
 
 
 
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
 
Amounts in the dividend income column 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.
 
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 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 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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