Quarterly Holdings Report
for
Fidelity® Blue Chip Growth Fund
April 30, 2019
Schedule of Investments April 30, 2019 (Unaudited)
Showing Percentage of Net Assets
| Common Stocks - 94.7% | |||
| Shares | Value (000s) | ||
| COMMUNICATION SERVICES - 16.8% | |||
| Entertainment - 4.4% | |||
| Activision Blizzard, Inc. | 3,930,228 | $189,476 | |
| Electronic Arts, Inc. (a) | 903,287 | 85,496 | |
| Netflix, Inc. (a) | 1,294,862 | 479,798 | |
| Nintendo Co. Ltd. | 49,900 | 17,186 | |
| Nintendo Co. Ltd. ADR | 198,205 | 8,539 | |
| Spotify Technology SA (a) | 37,985 | 5,157 | |
| Take-Two Interactive Software, Inc. (a) | 274,982 | 26,627 | |
| The Walt Disney Co. | 2,694,086 | 369,009 | |
| Vivendi SA | 725,756 | 21,066 | |
| WME Entertainment Parent, LLC Class A (a)(b)(c)(d) | 9,962,399 | 30,186 | |
| World Wrestling Entertainment, Inc. Class A | 62,318 | 5,225 | |
| 1,237,765 | |||
| Interactive Media& Services - 12.2% | |||
| Alphabet, Inc.: | |||
| Class A (a) | 1,561,369 | 1,872,019 | |
| Class C (a) | 105,650 | 125,563 | |
| ANGI Homeservices, Inc. Class A (a) | 1,445,488 | 25,123 | |
| CarGurus, Inc. Class A (a) | 561,006 | 22,855 | |
| Facebook, Inc. Class A (a) | 5,953,516 | 1,151,410 | |
| Momo, Inc. ADR | 365,193 | 12,807 | |
| Pinterest, Inc. Class A | 222,700 | 6,899 | |
| Snap, Inc. Class A (a)(e) | 1,227,148 | 13,670 | |
| Tencent Holdings Ltd. | 2,678,900 | 132,037 | |
| Twitter, Inc. (a) | 2,442,792 | 97,492 | |
| 3,459,875 | |||
| Media - 0.1% | |||
| Charter Communications, Inc. Class A (a) | 94,984 | 35,257 | |
| Nexstar Broadcasting Group, Inc. Class A | 24,000 | 2,809 | |
| 38,066 | |||
| Wireless Telecommunication Services - 0.1% | |||
| T-Mobile U.S., Inc. (a) | 494,518 | 36,095 | |
| TOTAL COMMUNICATION SERVICES | 4,771,801 | ||
| CONSUMER DISCRETIONARY - 22.6% | |||
| Auto Components - 0.0% | |||
| Aptiv PLC | 33,830 | 2,899 | |
| Automobiles - 0.9% | |||
| Tesla, Inc. (a)(e) | 1,049,279 | 250,452 | |
| Hotels, Restaurants & Leisure - 2.9% | |||
| Boyd Gaming Corp. | 859,364 | 24,732 | |
| Caesars Entertainment Corp. (a)(e) | 3,906,325 | 36,563 | |
| Chipotle Mexican Grill, Inc. (a) | 27,238 | 18,741 | |
| Eldorado Resorts, Inc. (a) | 1,193,572 | 58,927 | |
| Haidilao International Holding Ltd. (e)(f) | 2,628,860 | 10,120 | |
| Hilton Grand Vacations, Inc. (a) | 1,029,103 | 32,972 | |
| Hilton Worldwide Holdings, Inc. | 118,569 | 10,314 | |
| International Game Technology PLC (e) | 1,443,906 | 21,124 | |
| Kambi Group PLC (a) | 586,100 | 11,677 | |
| Las Vegas Sands Corp. | 124,956 | 8,378 | |
| Marriott International, Inc. Class A | 516,733 | 70,493 | |
| McDonald's Corp. | 257,944 | 50,962 | |
| MGM Mirage, Inc. | 627,670 | 16,715 | |
| Penn National Gaming, Inc. (a) | 738,411 | 16,001 | |
| Planet Fitness, Inc. (a) | 956,444 | 72,403 | |
| PlayAGS, Inc. (a) | 529,588 | 12,774 | |
| Restaurant Brands International, Inc. | 457,224 | 29,842 | |
| Royal Caribbean Cruises Ltd. | 477,960 | 57,804 | |
| Sea Ltd. ADR (a) | 4,486,820 | 111,677 | |
| Shake Shack, Inc. Class A (a) | 574,092 | 35,192 | |
| Starbucks Corp. | 513,623 | 39,898 | |
| The Stars Group, Inc. (a) | 589,448 | 11,135 | |
| Wynn Resorts Ltd. | 360,547 | 52,081 | |
| Yum! Brands, Inc. | 188,636 | 19,692 | |
| 830,217 | |||
| Household Durables - 0.5% | |||
| D.R. Horton, Inc. | 631,081 | 27,963 | |
| iRobot Corp. (a) | 65,790 | 6,812 | |
| Lennar Corp. Class A | 550,285 | 28,631 | |
| Mohawk Industries, Inc. (a) | 221,674 | 30,203 | |
| Roku, Inc. Class A (a) | 449,452 | 28,581 | |
| 122,190 | |||
| Internet & Direct Marketing Retail - 9.8% | |||
| Alibaba Group Holding Ltd. sponsored ADR (a) | 1,192,473 | 221,287 | |
| Amazon.com, Inc. (a) | 1,062,572 | 2,047,078 | |
| eBay, Inc. | 287,888 | 11,156 | |
| Etsy, Inc. (a) | 408,166 | 27,568 | |
| JD.com, Inc. sponsored ADR (a) | 2,144,584 | 64,917 | |
| MakeMyTrip Ltd. (a) | 210,900 | 5,317 | |
| Meituan Dianping Class B | 3,550,404 | 25,797 | |
| MercadoLibre, Inc. (a) | 69,930 | 33,856 | |
| Ocado Group PLC (a) | 205,254 | 3,647 | |
| Pinduoduo, Inc. ADR (e) | 2,247,209 | 49,955 | |
| The Booking Holdings, Inc. (a) | 111,595 | 207,008 | |
| The Honest Co., Inc. (a)(c)(d) | 150,143 | 1,653 | |
| Wayfair LLC Class A (a) | 583,087 | 94,548 | |
| 2,793,787 | |||
| Multiline Retail - 0.9% | |||
| Avenue Supermarts Ltd. (a)(f) | 135,551 | 2,521 | |
| Big Lots, Inc. | 147,200 | 5,470 | |
| Dollar General Corp. | 100,826 | 12,713 | |
| Dollar Tree, Inc. (a) | 1,836,241 | 204,337 | |
| Ollie's Bargain Outlet Holdings, Inc. (a) | 132,143 | 12,638 | |
| Target Corp. | 275,800 | 21,352 | |
| 259,031 | |||
| Specialty Retail - 4.4% | |||
| American Eagle Outfitters, Inc. | 1,450,742 | 34,499 | |
| At Home Group, Inc. (a)(e) | 2,165,840 | 50,876 | |
| Best Buy Co., Inc. | 559,490 | 41,632 | |
| Burlington Stores, Inc. (a) | 369,321 | 62,382 | |
| Carvana Co. Class A (a)(e) | 387,595 | 27,736 | |
| Five Below, Inc. (a) | 394,392 | 57,735 | |
| Floor & Decor Holdings, Inc. Class A (a) | 787,536 | 37,817 | |
| Home Depot, Inc. | 1,752,995 | 357,085 | |
| Lowe's Companies, Inc. | 2,573,253 | 291,138 | |
| RH (a)(e) | 696,432 | 74,316 | |
| The Children's Place Retail Stores, Inc. | 134,131 | 15,133 | |
| Tiffany & Co., Inc. | 336,267 | 36,256 | |
| TJX Companies, Inc. | 1,907,390 | 104,678 | |
| Ulta Beauty, Inc. (a) | 165,599 | 57,791 | |
| 1,249,074 | |||
| Textiles, Apparel & Luxury Goods - 3.2% | |||
| adidas AG | 336,262 | 86,405 | |
| Allbirds, Inc. (c)(d) | 36,216 | 2,010 | |
| Canada Goose Holdings, Inc. (a) | 112,674 | 6,017 | |
| Capri Holdings Ltd. (a) | 560,747 | 24,718 | |
| Hanesbrands, Inc. | 596,878 | 10,786 | |
| Kering SA | 13,781 | 8,146 | |
| Levi Strauss & Co. Class A (a)(e) | 362,136 | 8,115 | |
| lululemon athletica, Inc. (a) | 1,433,979 | 252,882 | |
| LVMH Moet Hennessy - Louis Vuitton SA | 70,855 | 27,819 | |
| Moncler SpA | 879,077 | 36,057 | |
| NIKE, Inc. Class B | 2,658,612 | 233,506 | |
| Pagerduty, Inc. | 43,024 | 2,018 | |
| PVH Corp. | 780,870 | 100,724 | |
| Silk Road Medical, Inc. | 84,654 | 3,525 | |
| Skechers U.S.A., Inc. Class A (sub. vtg.) (a) | 948,687 | 30,035 | |
| Tapestry, Inc. | 403,222 | 13,012 | |
| Tory Burch LLC (a)(b)(c)(d) | 293,611 | 16,351 | |
| Tufin Software Technologies Ltd. (e) | 445,080 | 9,979 | |
| Under Armour, Inc. Class C (non-vtg.) (a) | 1,621,149 | 33,590 | |
| VF Corp. | 90,832 | 8,575 | |
| 914,270 | |||
| TOTAL CONSUMER DISCRETIONARY | 6,421,920 | ||
| CONSUMER STAPLES - 3.0% | |||
| Beverages - 0.4% | |||
| Fever-Tree Drinks PLC | 1,294,830 | 53,085 | |
| Keurig Dr. Pepper, Inc. | 1,346,662 | 39,147 | |
| Pernod Ricard SA | 14,220 | 2,478 | |
| 94,710 | |||
| Food & Staples Retailing - 1.0% | |||
| BJ's Wholesale Club Holdings, Inc. | 2,714,561 | 76,958 | |
| Costco Wholesale Corp. | 769,080 | 188,832 | |
| Kroger Co. | 540,351 | 13,930 | |
| 279,720 | |||
| Food Products - 0.1% | |||
| Blue Bottle Coffee, Inc. Class C (Escrow) (a)(c)(d) | 632,822 | 930 | |
| Darling International, Inc. (a) | 532,000 | 11,603 | |
| Nestle SA (Reg. S) | 31,048 | 2,989 | |
| Nomad Foods Ltd. (a) | 250,656 | 5,214 | |
| The a2 Milk Co. Ltd. (a) | 685,100 | 7,674 | |
| 28,410 | |||
| Personal Products - 0.4% | |||
| Coty, Inc. Class A (e) | 4,396,736 | 47,573 | |
| Estee Lauder Companies, Inc. Class A | 390,919 | 67,164 | |
| 114,737 | |||
| Tobacco - 1.1% | |||
| Altria Group, Inc. | 5,787,509 | 314,435 | |
| JUUL Labs, Inc. (a)(c)(d) | 6,625 | 1,812 | |
| JUUL Labs, Inc. Class A (c)(d) | 21,148 | 5,784 | |
| 322,031 | |||
| TOTAL CONSUMER STAPLES | 839,608 | ||
| ENERGY - 0.9% | |||
| Oil, Gas & Consumable Fuels - 0.9% | |||
| Berry Petroleum Corp. | 463,724 | 5,268 | |
| Continental Resources, Inc. (a) | 558,736 | 25,696 | |
| Diamondback Energy, Inc. | 224,964 | 23,934 | |
| Hess Corp. | 291,503 | 18,691 | |
| PDC Energy, Inc. (a) | 200,406 | 8,716 | |
| Pioneer Natural Resources Co. | 68,945 | 11,477 | |
| Reliance Industries Ltd. | 4,910,538 | 98,201 | |
| Valero Energy Corp. | 88,594 | 8,032 | |
| Whiting Petroleum Corp. (a) | 1,908,883 | 52,284 | |
| 252,299 | |||
| FINANCIALS - 1.8% | |||
| Banks - 0.9% | |||
| Bank of America Corp. | 5,370,261 | 164,223 | |
| Coastal Financial Corp. of Washington (a) | 40,433 | 645 | |
| HDFC Bank Ltd. sponsored ADR | 23,902 | 2,740 | |
| ICICI Bank Ltd. sponsored ADR | 496,065 | 5,680 | |
| IndusInd Bank Ltd. | 184,465 | 4,255 | |
| JPMorgan Chase & Co. | 479,997 | 55,704 | |
| Kotak Mahindra Bank Ltd. | 900,886 | 17,935 | |
| 251,182 | |||
| Capital Markets - 0.1% | |||
| Edelweiss Financial Services Ltd. | 1,204,598 | 2,573 | |
| HDFC Asset Management Co. Ltd. (f) | 1,726 | 42 | |
| TD Ameritrade Holding Corp. | 550,970 | 28,970 | |
| Tradeweb Markets, Inc. Class A | 118,017 | 4,750 | |
| 36,335 | |||
| Diversified Financial Services - 0.5% | |||
| Berkshire Hathaway, Inc. Class B (a) | 610,843 | 132,376 | |
| GDS Holdings Ltd. ADR (a)(e) | 302,920 | 11,853 | |
| 144,229 | |||
| Insurance - 0.1% | |||
| eHealth, Inc. (a) | 693,113 | 42,100 | |
| Thrifts & Mortgage Finance - 0.2% | |||
| Housing Development Finance Corp. Ltd. | 697,722 | 19,986 | |
| LendingTree, Inc. (a)(e) | 77,419 | 29,792 | |
| 49,778 | |||
| TOTAL FINANCIALS | 523,624 | ||
| HEALTH CARE - 10.6% | |||
| Biotechnology - 4.2% | |||
| ACADIA Pharmaceuticals, Inc. (a) | 255,833 | 6,153 | |
| Acceleron Pharma, Inc. (a) | 243,535 | 9,919 | |
| Agios Pharmaceuticals, Inc. (a) | 293,992 | 16,440 | |
| Aimmune Therapeutics, Inc. (a)(e) | 523,397 | 10,541 | |
| Alexion Pharmaceuticals, Inc. (a) | 2,017,229 | 274,605 | |
| Allakos, Inc. (a) | 153,177 | 6,006 | |
| Allogene Therapeutics, Inc. (e) | 112,770 | 3,377 | |
| Alnylam Pharmaceuticals, Inc. (a) | 811,361 | 72,487 | |
| AnaptysBio, Inc. (a) | 177,867 | 12,934 | |
| Arena Pharmaceuticals, Inc. (a) | 356,477 | 16,309 | |
| Argenx SE ADR (a) | 45,997 | 5,891 | |
| Array BioPharma, Inc. (a) | 478,807 | 10,826 | |
| Ascendis Pharma A/S sponsored ADR (a) | 402,503 | 44,831 | |
| Atara Biotherapeutics, Inc. (a) | 131,263 | 4,410 | |
| BeiGene Ltd. | 589,300 | 5,679 | |
| BeiGene Ltd. ADR (a) | 137,063 | 17,027 | |
| bluebird bio, Inc. (a) | 314,845 | 44,654 | |
| Blueprint Medicines Corp. (a) | 121,947 | 9,220 | |
| CareDx, Inc. (a) | 209,100 | 5,690 | |
| Cellectis SA sponsored ADR (a) | 129,304 | 2,552 | |
| Cibus Corp. Series C (a)(b)(c)(d) | 3,045,600 | 3,320 | |
| Coherus BioSciences, Inc. (a) | 573,182 | 9,125 | |
| Crinetics Pharmaceuticals, Inc. (a) | 255,960 | 6,642 | |
| CytomX Therapeutics, Inc. (a)(f) | 378,621 | 3,601 | |
| Deciphera Pharmaceuticals, Inc. (a)(e) | 63,536 | 1,461 | |
| Denali Therapeutics, Inc. (a)(e) | 750,522 | 18,365 | |
| Editas Medicine, Inc. (a)(e) | 446,087 | 11,041 | |
| Epizyme, Inc. (a) | 300,186 | 3,725 | |
| Exact Sciences Corp. (a) | 108,897 | 10,747 | |
| FibroGen, Inc. (a) | 363,093 | 16,967 | |
| Global Blood Therapeutics, Inc. (a) | 639,722 | 35,441 | |
| Heron Therapeutics, Inc. (a) | 191,484 | 4,151 | |
| Immunomedics, Inc. (a) | 861,668 | 13,804 | |
| Intellia Therapeutics, Inc. (a)(e) | 548,182 | 8,431 | |
| Intercept Pharmaceuticals, Inc. (a) | 257,490 | 22,190 | |
| Ionis Pharmaceuticals, Inc. (a) | 114,023 | 8,475 | |
| Ironwood Pharmaceuticals, Inc. Class A (a) | 962,525 | 11,444 | |
| Mirati Therapeutics, Inc. (a) | 157,081 | 9,345 | |
| Moderna, Inc. (e) | 216,625 | 5,639 | |
| Momenta Pharmaceuticals, Inc. (a) | 87,263 | 1,221 | |
| Natera, Inc. (a) | 810,652 | 15,492 | |
| Neurocrine Biosciences, Inc. (a) | 538,519 | 38,903 | |
| Portola Pharmaceuticals, Inc. (a)(e) | 344,749 | 12,170 | |
| Principia Biopharma, Inc. | 101,307 | 3,030 | |
| Regeneron Pharmaceuticals, Inc. (a) | 249,463 | 85,601 | |
| Rubius Therapeutics, Inc. | 125,509 | 2,195 | |
| Sage Therapeutics, Inc. (a) | 473,297 | 79,623 | |
| Sarepta Therapeutics, Inc. (a) | 506,043 | 59,177 | |
| Scholar Rock Holding Corp. | 152,855 | 3,253 | |
| Synthorx, Inc. | 226,422 | 3,464 | |
| Ultragenyx Pharmaceutical, Inc. (a) | 135,670 | 8,954 | |
| Vertex Pharmaceuticals, Inc. (a) | 526,028 | 88,888 | |
| Xencor, Inc. (a) | 411,217 | 12,628 | |
| Zai Lab Ltd. ADR (a) | 291,219 | 7,761 | |
| 1,205,825 | |||
| Health Care Equipment & Supplies - 3.2% | |||
| Alcon, Inc. (a) | 428,060 | 24,913 | |
| Align Technology, Inc. (a) | 180,499 | 58,604 | |
| Atricure, Inc. (a) | 177,140 | 5,318 | |
| Axonics Modulation Technologies, Inc. (a) | 303,529 | 6,131 | |
| Becton, Dickinson & Co. | 210,437 | 50,661 | |
| Boston Scientific Corp. (a) | 7,680,657 | 285,106 | |
| Danaher Corp. | 417,516 | 55,296 | |
| DexCom, Inc. (a) | 152,501 | 18,463 | |
| Edwards Lifesciences Corp. (a) | 34,724 | 6,114 | |
| Establishment Labs Holdings, Inc. (a)(e) | 372,310 | 9,356 | |
| Glaukos Corp. (a) | 75,573 | 5,451 | |
| Insulet Corp. (a) | 252,675 | 21,793 | |
| Intuitive Surgical, Inc. (a) | 473,701 | 241,886 | |
| iRhythm Technologies, Inc. (a) | 386,384 | 29,485 | |
| Novocure Ltd. (a) | 143,660 | 6,331 | |
| Quanterix Corp. (a) | 144,101 | 3,274 | |
| Shockwave Medical, Inc. (a)(e) | 678,444 | 28,908 | |
| Tandem Diabetes Care, Inc. (a) | 472,077 | 28,990 | |
| ViewRay, Inc. (a)(e) | 535,927 | 3,730 | |
| Wright Medical Group NV (a) | 301,863 | 8,926 | |
| 898,736 | |||
| Health Care Providers & Services - 2.1% | |||
| Anthem, Inc. | 44,400 | 11,679 | |
| Guardant Health, Inc. (e) | 300,611 | 19,693 | |
| HCA Holdings, Inc. | 619,321 | 78,796 | |
| Humana, Inc. | 643,075 | 164,248 | |
| Notre Dame Intermedica Participacoes SA | 989,000 | 8,858 | |
| OptiNose, Inc. (a)(e) | 737,577 | 7,346 | |
| UnitedHealth Group, Inc. | 1,319,360 | 307,503 | |
| 598,123 | |||
| Health Care Technology - 0.0% | |||
| Teladoc Health, Inc. (a)(e) | 145,499 | 8,276 | |
| Life Sciences Tools & Services - 0.1% | |||
| IQVIA Holdings, Inc. (a) | 36,995 | 5,139 | |
| Thermo Fisher Scientific, Inc. | 70,442 | 19,544 | |
| 24,683 | |||
| Pharmaceuticals - 1.0% | |||
| Akcea Therapeutics, Inc. (a) | 790,239 | 19,827 | |
| AstraZeneca PLC sponsored ADR | 1,346,253 | 50,700 | |
| Bristol-Myers Squibb Co. | 1,914,966 | 88,912 | |
| Chiasma, Inc. warrants 12/16/24 (a) | 55,391 | 125 | |
| Cyclerion Therapeutics, Inc. (a) | 96,252 | 1,466 | |
| Dova Pharmaceuticals, Inc. (a)(e) | 199,538 | 1,836 | |
| Horizon Pharma PLC (a) | 186,953 | 4,773 | |
| InflaRx NV (a) | 195,802 | 9,025 | |
| Jazz Pharmaceuticals PLC (a) | 288,849 | 37,484 | |
| MyoKardia, Inc. (a) | 97,487 | 4,677 | |
| Nektar Therapeutics (a) | 881,110 | 28,213 | |
| The Medicines Company (a) | 478,281 | 15,281 | |
| TherapeuticsMD, Inc. (a)(e) | 941,269 | 4,047 | |
| Theravance Biopharma, Inc. (a) | 55,772 | 1,330 | |
| Turning Point Therapeutics, Inc. | 354,998 | 12,354 | |
| Zogenix, Inc. (a) | 108,240 | 4,220 | |
| 284,270 | |||
| TOTAL HEALTH CARE | 3,019,913 | ||
| INDUSTRIALS - 3.6% | |||
| Aerospace & Defense - 1.4% | |||
| Elbit Systems Ltd. | 49,451 | 6,909 | |
| General Dynamics Corp. | 46,400 | 8,293 | |
| Lockheed Martin Corp. | 154,200 | 51,399 | |
| Northrop Grumman Corp. | 19,000 | 5,508 | |
| Space Exploration Technologies Corp.: | |||
| Class A (a)(c)(d) | 242,545 | 49,479 | |
| Class C (a)(c)(d) | 2,783 | 568 | |
| The Boeing Co. | 692,776 | 261,655 | |
| United Technologies Corp. | 118,040 | 16,834 | |
| 400,645 | |||
| Air Freight & Logistics - 0.1% | |||
| United Parcel Service, Inc. Class B | 229,914 | 24,421 | |
| Airlines - 0.3% | |||
| JetBlue Airways Corp. (a) | 322,183 | 5,976 | |
| Spirit Airlines, Inc. (a) | 1,428,418 | 77,677 | |
| United Continental Holdings, Inc. (a) | 17,322 | 1,539 | |
| 85,192 | |||
| Building Products - 0.0% | |||
| Masco Corp. | 68,253 | 2,666 | |
| Commercial Services & Supplies - 0.1% | |||
| HomeServe PLC | 1,116,847 | 15,802 | |
| Tomra Systems ASA | 576,900 | 17,372 | |
| 33,174 | |||
| Construction & Engineering - 0.1% | |||
| Dycom Industries, Inc. (a) | 321,865 | 15,961 | |
| MasTec, Inc. (a) | 471,112 | 23,862 | |
| 39,823 | |||
| Electrical Equipment - 0.1% | |||
| Fortive Corp. | 428,247 | 36,975 | |
| Industrial Conglomerates - 0.5% | |||
| General Electric Co. | 5,765,266 | 58,633 | |
| Honeywell International, Inc. | 402,709 | 69,922 | |
| 128,555 | |||
| Machinery - 0.5% | |||
| Deere & Co. | 550,887 | 91,243 | |
| Rational AG | 14,822 | 10,008 | |
| Xylem, Inc. | 392,675 | 32,749 | |
| 134,000 | |||
| Professional Services - 0.0% | |||
| 51job, Inc. sponsored ADR (a) | 30,300 | 2,798 | |
| Road & Rail - 0.5% | |||
| Knight-Swift Transportation Holdings, Inc. Class A | 1,923,517 | 64,149 | |
| Lyft, Inc. (e) | 155,863 | 9,321 | |
| Lyft, Inc. | 1,266,687 | 68,173 | |
| 141,643 | |||
| TOTAL INDUSTRIALS | 1,029,892 | ||
| INFORMATION TECHNOLOGY - 34.7% | |||
| Communications Equipment - 0.5% | |||
| Acacia Communications, Inc. (a) | 151,256 | 8,755 | |
| Arista Networks, Inc. (a) | 284,137 | 88,733 | |
| Nokia Corp. sponsored ADR (e) | 2,975,358 | 15,710 | |
| Telefonaktiebolaget LM Ericsson (B Shares) sponsored ADR | 2,384,903 | 23,611 | |
| 136,809 | |||
| Electronic Equipment & Components - 0.2% | |||
| Corning, Inc. | 1,042,100 | 33,191 | |
| IPG Photonics Corp. (a) | 66,967 | 11,701 | |
| Keysight Technologies, Inc. (a) | 30,665 | 2,669 | |
| Zebra Technologies Corp. Class A (a) | 63,874 | 13,486 | |
| 61,047 | |||
| Internet Software & Services - 0.0% | |||
| HUYA, Inc. ADR | 100,698 | 2,406 | |
| IT Services - 6.3% | |||
| Akamai Technologies, Inc. (a) | 860,784 | 68,914 | |
| Elastic NV (e) | 276,751 | 23,676 | |
| Endava PLC ADR (a) | 289,413 | 9,571 | |
| GoDaddy, Inc. (a) | 425,119 | 34,647 | |
| Keywords Studios PLC | 111,689 | 2,268 | |
| MasterCard, Inc. Class A | 1,941,802 | 493,684 | |
| Netcompany Group A/S (f) | 93,000 | 3,317 | |
| Okta, Inc. (a) | 370,243 | 38,516 | |
| PayPal Holdings, Inc. (a) | 2,606,892 | 293,979 | |
| Shopify, Inc. Class A (a) | 281,467 | 68,439 | |
| Square, Inc. (a) | 292,543 | 21,303 | |
| Total System Services, Inc. | 58,838 | 6,016 | |
| Twilio, Inc. Class A (a) | 73,976 | 10,145 | |
| Visa, Inc. Class A | 4,044,783 | 665,084 | |
| Wix.com Ltd. (a) | 353,231 | 47,389 | |
| 1,786,948 | |||
| Semiconductors & Semiconductor Equipment - 10.3% | |||
| Advanced Micro Devices, Inc. (a) | 2,153,601 | 59,504 | |
| Analog Devices, Inc. | 348,434 | 40,502 | |
| Applied Materials, Inc. | 602,604 | 26,557 | |
| ASML Holding NV | 63,657 | 13,293 | |
| Broadcom, Inc. | 1,754,668 | 558,686 | |
| First Solar, Inc. (a) | 91,700 | 5,642 | |
| Inphi Corp. (a) | 696,172 | 31,787 | |
| Lam Research Corp. | 506,399 | 105,042 | |
| Marvell Technology Group Ltd. | 24,908,777 | 623,218 | |
| Microchip Technology, Inc. | 61,230 | 6,116 | |
| Micron Technology, Inc. (a) | 3,626,666 | 152,538 | |
| Monolithic Power Systems, Inc. | 356,608 | 55,527 | |
| NVIDIA Corp. | 3,169,900 | 573,752 | |
| NXP Semiconductors NV | 2,808,801 | 296,666 | |
| Qualcomm, Inc. | 3,996,534 | 344,221 | |
| Universal Display Corp. (e) | 137,198 | 21,897 | |
| Xilinx, Inc. | 220,706 | 26,516 | |
| 2,941,464 | |||
| Software - 11.3% | |||
| Adobe, Inc. (a) | 1,056,274 | 305,527 | |
| Altair Engineering, Inc. Class A (a) | 88,881 | 3,505 | |
| Atlassian Corp. PLC (a) | 73,102 | 8,052 | |
| Atom Tickets LLC (a)(b)(c)(d) | 1,204,239 | 2,517 | |
| Bilibili, Inc. ADR (a)(e) | 462,151 | 8,226 | |
| Blue Prism Group PLC (a) | 367,320 | 8,861 | |
| Coupa Software, Inc. (a) | 42,040 | 4,344 | |
| DocuSign, Inc. | 528,955 | 29,976 | |
| Dropbox, Inc. Class A (a) | 820,939 | 20,014 | |
| Five9, Inc. (a) | 148,079 | 7,859 | |
| HubSpot, Inc. (a) | 137,543 | 25,375 | |
| Intuit, Inc. | 214,863 | 53,944 | |
| Lightspeed POS, Inc. (a) | 249,865 | 4,661 | |
| Microsoft Corp. | 10,833,550 | 1,414,862 | |
| Nutanix, Inc.: | |||
| Class A (a) | 3,082 | 133 | |
| Class B (a)(f) | 482,746 | 20,850 | |
| Paycom Software, Inc. (a) | 405,056 | 82,036 | |
| Pivotal Software, Inc. | 657,800 | 14,274 | |
| RingCentral, Inc. (a) | 455,905 | 53,054 | |
| Salesforce.com, Inc. (a) | 4,936,819 | 816,303 | |
| ServiceNow, Inc. (a) | 137,494 | 37,331 | |
| Smartsheet, Inc. | 245,315 | 10,384 | |
| Splunk, Inc. (a) | 92,910 | 12,825 | |
| SurveyMonkey | 930,481 | 16,656 | |
| Synopsys, Inc. (a) | 23,400 | 2,833 | |
| Tanium, Inc. Class B (a)(c)(d) | 554,900 | 4,824 | |
| Tenable Holdings, Inc. | 338,099 | 12,138 | |
| The Trade Desk, Inc. (a) | 377,291 | 83,562 | |
| Workday, Inc. Class A (a) | 472,562 | 97,173 | |
| Zendesk, Inc. (a) | 287,006 | 25,193 | |
| Zoom Video Communications, Inc. Class A | 191,400 | 13,871 | |
| Zuora, Inc. | 709,540 | 15,681 | |
| 3,216,844 | |||
| Technology Hardware, Storage & Peripherals - 6.1% | |||
| Apple, Inc. | 8,470,126 | 1,699,700 | |
| Western Digital Corp. | 427,718 | 21,865 | |
| 1,721,565 | |||
| TOTAL INFORMATION TECHNOLOGY | 9,867,083 | ||
| MATERIALS - 0.6% | |||
| Chemicals - 0.6% | |||
| CF Industries Holdings, Inc. | 786,697 | 35,228 | |
| DowDuPont, Inc. | 328,928 | 12,647 | |
| LG Chemical Ltd. | 25,506 | 7,910 | |
| Nutrien Ltd. | 476,205 | 25,827 | |
| Sherwin-Williams Co. | 6,270 | 2,852 | |
| The Chemours Co. LLC | 1,879,135 | 67,668 | |
| 152,132 | |||
| Construction Materials - 0.0% | |||
| Vulcan Materials Co. | 67,909 | 8,564 | |
| TOTAL MATERIALS | 160,696 | ||
| REAL ESTATE - 0.1% | |||
| Equity Real Estate Investment Trusts (REITs) - 0.1% | |||
| Ant International Co. Ltd. Class C (c)(d) | 4,367,660 | 26,861 | |
| Crown Castle International Corp. | 62,812 | 7,900 | |
| 34,761 | |||
| Real Estate Management & Development - 0.0% | |||
| Parsvnath Developers Ltd. (a) | 14,693,447 | 970 | |
| TOTAL REAL ESTATE | 35,731 | ||
| UTILITIES - 0.0% | |||
| Electric Utilities - 0.0% | |||
| DONG Energy A/S (f) | 35,100 | 2,687 | |
| Vistra Energy Corp. | 392,329 | 10,691 | |
| 13,378 | |||
| TOTAL COMMON STOCKS | |||
| (Cost $14,587,305) | 26,935,945 | ||
| Preferred Stocks - 4.8% | |||
| Convertible Preferred Stocks - 4.7% | |||
| CONSUMER DISCRETIONARY - 0.4% | |||
| Hotels, Restaurants & Leisure - 0.2% | |||
| MOD Super Fast Pizza Holdings LLC Series 3 Preferred (a)(b)(c)(d) | 74,995 | 12,486 | |
| Neutron Holdings, Inc.: | |||
| Series C (c)(d) | 50,654,200 | 12,284 | |
| Series D (c)(d) | 85,315,542 | 20,689 | |
| Topgolf International, Inc. Series F (a)(c)(d) | 415,730 | 5,350 | |
| 50,809 | |||
| Internet & Direct Marketing Retail - 0.1% | |||
| Reddit, Inc. Series B (a)(c)(d) | 524,232 | 11,369 | |
| The Honest Co., Inc.: | |||
| Series C (a)(c)(d) | 350,333 | 13,540 | |
| Series D (a)(c)(d) | 77,448 | 3,544 | |
| Series E (a)(c)(d) | 551,397 | 10,807 | |
| 39,260 | |||
| Leisure Products - 0.1% | |||
| Peloton Interactive, Inc. Series E (a)(c)(d) | 1,341,716 | 27,250 | |
| Textiles, Apparel & Luxury Goods - 0.0% | |||
| Allbirds, Inc.: | |||
| Series A (c)(d) | 14,293 | 793 | |
| Series B (c)(d) | 2,512 | 139 | |
| Series C (c)(d) | 23,999 | 1,332 | |
| 2,264 | |||
| TOTAL CONSUMER DISCRETIONARY | 119,583 | ||
| CONSUMER STAPLES - 2.8% | |||
| Food & Staples Retailing - 0.2% | |||
| Roofoods Ltd. Series F (a)(c)(d) | 41,941 | 22,999 | |
| Sweetgreen, Inc. Series H (c)(d) | 3,242,523 | 42,282 | |
| 65,281 | |||
| Food Products - 0.0% | |||
| Agbiome LLC Series C (c)(d) | 1,091,300 | 6,242 | |
| Tobacco - 2.6% | |||
| JUUL Labs, Inc.: | |||
| Series C (a)(c)(d) | 2,613,078 | 714,677 | |
| Series D (c)(d) | 13,822 | 3,780 | |
| Series E (c)(d) | 14,959 | 4,091 | |
| 722,548 | |||
| TOTAL CONSUMER STAPLES | 794,071 | ||
| FINANCIALS - 0.0% | |||
| Consumer Finance - 0.0% | |||
| Oportun Finance Corp. Series H (a)(c)(d) | 3,552,125 | 8,632 | |
| HEALTH CARE - 0.1% | |||
| Biotechnology - 0.1% | |||
| 23andMe, Inc. Series F (a)(c)(d) | 800,982 | 10,293 | |
| Axcella Health, Inc. Series C (a)(c)(d) | 545,634 | 5,598 | |
| Generation Bio Series B (a)(c)(d) | 460,500 | 4,186 | |
| Immunocore Ltd. Series A (a)(c)(d) | 11,275 | 1,431 | |
| 21,508 | |||
| Health Care Providers & Services - 0.0% | |||
| Mulberry Health, Inc. Series A8 (a)(c)(d) | 2,728,716 | 19,499 | |
| Pharmaceuticals - 0.0% | |||
| Castle Creek Pharmaceutical Holdings, Inc. Series B (c)(d) | 3,301 | 1,389 | |
| TOTAL HEALTH CARE | 42,396 | ||
| INDUSTRIALS - 0.9% | |||
| Aerospace & Defense - 0.1% | |||
| Space Exploration Technologies Corp.: | |||
| Series G (a)(c)(d) | 97,277 | 19,845 | |
| Series H (a)(c)(d) | 25,767 | 5,256 | |
| 25,101 | |||
| Professional Services - 0.0% | |||
| YourPeople, Inc. Series C (a)(c)(d) | 692,196 | 2,284 | |
| Road & Rail - 0.8% | |||
| Uber Technologies, Inc.: | |||
| Series D, 8.00% (a)(c)(d) | 5,107,956 | 216,067 | |
| Series E, 8.00% (a)(c)(d) | 101,698 | 4,302 | |
| 220,369 | |||
| TOTAL INDUSTRIALS | 247,754 | ||
| INFORMATION TECHNOLOGY - 0.5% | |||
| Internet Software & Services - 0.2% | |||
| ContextLogic, Inc. Series G (a)(c)(d) | 133,922 | 22,642 | |
| Starry, Inc.: | |||
| Series C (a)(c)(d) | 5,833,836 | 8,342 | |
| Series D (c)(d) | 4,312,627 | 6,167 | |
| 37,151 | |||
| IT Services - 0.0% | |||
| AppNexus, Inc. Series E (Escrow) (a)(c)(d) | 646,522 | 624 | |
| Software - 0.3% | |||
| Bird Rides, Inc. Series C(c)(d) | 2,114,013 | 24,830 | |
| Cloudflare, Inc. Series D, 8.00% (a)(c)(d) | 1,160,525 | 14,599 | |
| Compass, Inc. Series E (a)(c)(d) | 53,263 | 6,315 | |
| Dataminr, Inc. Series D (a)(c)(d) | 277,250 | 5,797 | |
| Delphix Corp. Series D (a)(c)(d) | 675,445 | 5,566 | |
| Jet.Com, Inc. Series B1 (Escrow) (a)(c)(d) | 2,928,086 | 133 | |
| Malwarebytes Corp. Series B (a)(c)(d) | 1,056,193 | 19,561 | |
| Taboola.Com Ltd. Series E (a)(c)(d) | 634,902 | 14,469 | |
| 91,270 | |||
| TOTAL INFORMATION TECHNOLOGY | 129,045 | ||
| TOTAL CONVERTIBLE PREFERRED STOCKS | 1,341,481 | ||
| Nonconvertible Preferred Stocks - 0.1% | |||
| CONSUMER DISCRETIONARY - 0.0% | |||
| Textiles, Apparel & Luxury Goods - 0.0% | |||
| Allbirds, Inc. (c)(d) | 7,680 | 426 | |
| HEALTH CARE - 0.1% | |||
| Pharmaceuticals - 0.1% | |||
| Castle Creek Pharmaceutical Holdings, Inc. Series A4 (c)(d) | 29,758 | 12,519 | |
| TOTAL NONCONVERTIBLE PREFERRED STOCKS | 12,945 | ||
| TOTAL PREFERRED STOCKS | |||
| (Cost $414,026) | 1,354,426 | ||
| Money Market Funds - 2.1% | |||
| Fidelity Cash Central Fund, 2.49% (g) | 60,464,352 | 60,476 | |
| Fidelity Securities Lending Cash Central Fund 2.49% (g)(h) | 542,429,426 | 542,484 | |
| TOTAL MONEY MARKET FUNDS | |||
| (Cost $602,960) | 602,960 | ||
| TOTAL INVESTMENT IN SECURITIES - 101.6% | |||
| (Cost $15,604,291) | 28,893,331 | ||
| NET OTHER ASSETS (LIABILITIES) - (1.6)% | (453,926) | ||
| NET ASSETS - 100% | $28,439,405 |
Legend
(a) Non-income producing
(b) Investment is owned by a wholly-owned subsidiary (Subsidiary) that is treated as a corporation for U.S. tax purposes.
(c) Restricted securities - 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 $1,500,721,000 or 5.3% of net assets.
(d) Level 3 security
(e) Security or a portion of the security is on loan at period end.
(f) 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 $43,138,000 or 0.2% of net assets.
(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) |
| 23andMe, Inc. Series F | 8/31/17 | $11,121 |
| Agbiome LLC Series C | 6/29/18 | $6,912 |
| Allbirds, Inc. | 10/9/18 | $1,986 |
| Allbirds, Inc. | 10/9/18 | $421 |
| Allbirds, Inc. Series A | 10/9/18 | $784 |
| Allbirds, Inc. Series B | 10/9/18 | $138 |
| Allbirds, Inc. Series C | 10/9/18 | $1,316 |
| Ant International Co. Ltd. Class C | 5/16/18 | $24,503 |
| AppNexus, Inc. Series E (Escrow) | 8/1/14 | $12,951 |
| Atom Tickets LLC | 8/15/17 | $7,000 |
| Axcella Health, Inc. Series C | 1/30/15 | $5,500 |
| Bird Rides, Inc. Series C | 12/21/18 | $24,830 |
| Blue Bottle Coffee, Inc. Class C (Escrow) | 10/30/17 | $1,455 |
| Castle Creek Pharmaceutical Holdings, Inc. Series A4 | 9/29/16 | $9,831 |
| Castle Creek Pharmaceutical Holdings, Inc. Series B | 10/9/18 | $1,360 |
| Cibus Corp. Series C | 2/16/18 | $6,396 |
| Cloudflare, Inc. Series D, 8.00% | 11/5/14 - 9/10/18 | $9,459 |
| Compass, Inc. Series E | 11/3/17 | $3,594 |
| ContextLogic, Inc. Series G | 10/24/17 | $18,017 |
| Dataminr, Inc. Series D | 3/6/15 | $3,535 |
| Delphix Corp. Series D | 7/10/15 | $6,079 |
| Generation Bio Series B | 2/21/18 | $4,212 |
| Immunocore Ltd. Series A | 7/27/15 | $2,122 |
| Jet.Com, Inc. Series B1 (Escrow) | 9/19/16 | $– |
| JUUL Labs, Inc. | 11/21/17 | $– |
| JUUL Labs, Inc. Class A | 12/20/17 - 7/6/18 | $453 |
| JUUL Labs, Inc. Series C | 5/22/15 - 7/6/18 | $– |
| JUUL Labs, Inc. Series D | 6/25/18 - 7/6/18 | $– |
| JUUL Labs, Inc. Series E | 12/20/17 - 7/6/18 | $321 |
| Malwarebytes Corp. Series B | 12/21/15 | $10,958 |
| MOD Super Fast Pizza Holdings LLC Series 3 Preferred | 11/3/16 - 12/14/17 | $10,293 |
| Mulberry Health, Inc. Series A8 | 1/20/16 | $18,432 |
| Neutron Holdings, Inc. Series C | 7/3/18 | $9,262 |
| Neutron Holdings, Inc. Series D | 1/25/19 | $20,689 |
| Oportun Finance Corp. Series H | 2/6/15 | $10,114 |
| Peloton Interactive, Inc. Series E | 3/31/17 | $7,266 |
| Reddit, Inc. Series B | 7/26/17 | $7,442 |
| Roofoods Ltd. Series F | 9/12/17 | $14,829 |
| Space Exploration Technologies Corp. Class A | 10/16/15 - 9/11/17 | $23,515 |
| Space Exploration Technologies Corp. Class C | 9/11/17 | $376 |
| Space Exploration Technologies Corp. Series G | 1/20/15 | $7,535 |
| Space Exploration Technologies Corp. Series H | 8/4/17 | $3,479 |
| Starry, Inc. Series C | 12/8/17 | $5,379 |
| Starry, Inc. Series D | 3/6/19 | $6,167 |
| Sweetgreen, Inc. Series H | 11/9/18 | $42,282 |
| Taboola.Com Ltd. Series E | 12/22/14 | $6,619 |
| Tanium, Inc. Class B | 4/21/17 | $2,755 |
| The Honest Co., Inc. | 8/21/14 | $4,062 |
| The Honest Co., Inc. Series C | 8/21/14 | $9,479 |
| The Honest Co., Inc. Series D | 8/3/15 | $3,544 |
| The Honest Co., Inc. Series E | 9/28/17 | $10,810 |
| Topgolf International, Inc. Series F | 11/10/17 | $5,751 |
| Tory Burch LLC | 5/14/15 | $20,890 |
| Uber Technologies, Inc. Series D, 8.00% | 6/6/14 | $79,240 |
| Uber Technologies, Inc. Series E, 8.00% | 12/5/14 | $3,388 |
| WME Entertainment Parent, LLC Class A | 4/13/16 - 8/16/16 | $19,025 |
| YourPeople, Inc. Series C | 5/1/15 | $10,314 |
Affiliated Central Funds
Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:
| Fund | Income earned |
| (Amounts in thousands) | |
| Fidelity Cash Central Fund | $394 |
| Fidelity Securities Lending Cash Central Fund | 3,704 |
| Total | $4,098 |
Amounts in the income column in the above table include any capital gain distributions from underlying funds.
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security 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 Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - 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). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's 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 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 open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the 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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