Quarterly Holdings Report
for
Fidelity® OTC Portfolio
April 30, 2019
Schedule of Investments April 30, 2019 (Unaudited)
Showing Percentage of Net Assets
Common Stocks - 97.7% | |||
Shares | Value (000s) | ||
COMMUNICATION SERVICES - 21.6% | |||
Entertainment - 2.5% | |||
Activision Blizzard, Inc. | 2,858,309 | $137,799 | |
Electronic Arts, Inc. (a) | 2,600 | 246 | |
NetEase, Inc. ADR | 331,640 | 94,362 | |
Netflix, Inc. (a) | 552,860 | 204,857 | |
Nintendo Co. Ltd. ADR (b) | 848,000 | 36,532 | |
Take-Two Interactive Software, Inc. (a) | 327,270 | 31,690 | |
505,486 | |||
Interactive Media & Services - 18.2% | |||
58.com, Inc. ADR (a) | 11,300 | 811 | |
Alphabet, Inc.: | |||
Class A (a) | 1,228,227 | 1,472,595 | |
Class C (a) | 432,969 | 514,575 | |
ANGI Homeservices, Inc. Class A (a) | 5,291,608 | 91,968 | |
CarGurus, Inc. Class A (a) | 2,032,649 | 82,810 | |
Eventbrite, Inc. | 25,200 | 630 | |
Facebook, Inc. Class A (a) | 5,807,314 | 1,123,135 | |
IAC/InterActiveCorp (a) | 289,325 | 65,052 | |
Match Group, Inc. (b) | 301,900 | 18,235 | |
Pinterest, Inc. | 46,430 | 1,295 | |
Tencent Holdings Ltd. | 1,478,000 | 72,847 | |
Tencent Holdings Ltd. sponsored ADR | 2,094,300 | 103,123 | |
Twitter, Inc. (a) | 2,934,000 | 117,096 | |
3,664,172 | |||
Media - 0.9% | |||
Charter Communications, Inc. Class A (a) | 478,500 | 177,614 | |
Turn, Inc. (Escrow) (a)(c)(d) | 1,199,041 | 797 | |
178,411 | |||
Wireless Telecommunication Services - 0.0% | |||
Boingo Wireless, Inc. (a) | 186,800 | 4,248 | |
TOTAL COMMUNICATION SERVICES | 4,352,317 | ||
CONSUMER DISCRETIONARY - 15.7% | |||
Automobiles - 0.0% | |||
Tesla, Inc. (a)(b) | 921 | 220 | |
Diversified Consumer Services - 0.1% | |||
Adtalem Global Education, Inc. (a) | 114,500 | 5,647 | |
Weight Watchers International, Inc. (a)(b) | 193,100 | 3,943 | |
9,590 | |||
Hotels, Restaurants & Leisure - 1.9% | |||
Caesars Entertainment Corp. (a) | 307,800 | 2,881 | |
Del Frisco's Restaurant Group, Inc. (a) | 1,176,500 | 7,883 | |
Domino's Pizza, Inc. | 115,100 | 31,144 | |
Eldorado Resorts, Inc. (a) | 351,955 | 17,376 | |
Hilton Grand Vacations, Inc. (a) | 493,800 | 15,821 | |
Hilton Worldwide Holdings, Inc. | 7,300 | 635 | |
Marriott International, Inc. Class A | 766,100 | 104,511 | |
Marriott Vacations Worldwide Corp. | 26,700 | 2,820 | |
Planet Fitness, Inc. (a) | 1,884,900 | 142,687 | |
Restaurant Brands International, Inc. | 67,300 | 4,393 | |
Royal Caribbean Cruises Ltd. | 137,300 | 16,605 | |
Texas Roadhouse, Inc. Class A | 127,300 | 6,875 | |
U.S. Foods Holding Corp. (a) | 1,064,200 | 38,897 | |
392,528 | |||
Internet & Direct Marketing Retail - 9.3% | |||
Amazon.com, Inc. (a) | 638,908 | 1,230,869 | |
Ctrip.com International Ltd. ADR (a) | 473,500 | 20,858 | |
eBay, Inc. | 2,269,500 | 87,943 | |
Meituan Dianping Class B | 10,294,700 | 74,801 | |
MercadoLibre, Inc. (a) | 301,500 | 145,968 | |
The Booking Holdings, Inc. (a) | 102,860 | 190,804 | |
Yahoo!, Inc. (a) | 1,751,800 | 132,068 | |
1,883,311 | |||
Multiline Retail - 1.0% | |||
Avenue Supermarts Ltd. (a)(e) | 101,832 | 1,894 | |
Dollar General Corp. | 80,700 | 10,175 | |
Dollar Tree, Inc. (a) | 1,634,300 | 181,865 | |
193,934 | |||
Specialty Retail - 2.3% | |||
Best Buy Co., Inc. | 862,600 | 64,186 | |
Burlington Stores, Inc. (a) | 278,400 | 47,025 | |
Five Below, Inc. (a) | 385,500 | 56,433 | |
Lowe's Companies, Inc. | 735,800 | 83,248 | |
Ross Stores, Inc. | 1,137,400 | 111,078 | |
Tiffany & Co., Inc. | 360,600 | 38,880 | |
Ulta Beauty, Inc. (a) | 152,910 | 53,363 | |
454,213 | |||
Textiles, Apparel & Luxury Goods - 1.1% | |||
G-III Apparel Group Ltd. (a) | 189,900 | 8,194 | |
lululemon athletica, Inc. (a) | 1,026,874 | 181,089 | |
LVMH Moet Hennessy - Louis Vuitton SA | 5,727 | 2,249 | |
PVH Corp. | 240,700 | 31,048 | |
VF Corp. | 45,900 | 4,333 | |
226,913 | |||
TOTAL CONSUMER DISCRETIONARY | 3,160,709 | ||
CONSUMER STAPLES - 4.8% | |||
Beverages - 2.3% | |||
Diageo PLC | 2,351,946 | 99,153 | |
Fever-Tree Drinks PLC | 2,332,996 | 95,648 | |
Keurig Dr. Pepper, Inc. | 2,160,500 | 62,806 | |
Kweichow Moutai Co. Ltd. (A Shares) | 497,475 | 71,945 | |
Monster Beverage Corp. (a) | 1,028,540 | 61,301 | |
PepsiCo, Inc. | 633,400 | 81,107 | |
471,960 | |||
Food & Staples Retailing - 1.8% | |||
BJ's Wholesale Club Holdings, Inc. | 2,080,167 | 58,973 | |
Costco Wholesale Corp. | 1,051,883 | 258,269 | |
Performance Food Group Co. (a) | 1,067,600 | 43,718 | |
360,960 | |||
Food Products - 0.4% | |||
Darling International, Inc. (a) | 414,800 | 9,047 | |
Mondelez International, Inc. | 827,152 | 42,061 | |
The Kraft Heinz Co. | 588,700 | 19,568 | |
70,676 | |||
Personal Products - 0.3% | |||
Coty, Inc. Class A(b) | 6,312,600 | 68,302 | |
TOTAL CONSUMER STAPLES | 971,898 | ||
ENERGY - 0.3% | |||
Oil, Gas & Consumable Fuels - 0.3% | |||
Cenovus Energy, Inc. (Canada) | 185,000 | 1,834 | |
Centennial Resource Development, Inc. Class A (a) | 995,300 | 10,481 | |
Delek U.S. Holdings, Inc. | 74,600 | 2,765 | |
EOG Resources, Inc. | 15,300 | 1,470 | |
Reliance Industries Ltd. | 2,368,273 | 47,361 | |
63,911 | |||
FINANCIALS - 3.8% | |||
Banks - 1.0% | |||
Bank of America Corp. | 622,500 | 19,036 | |
Citigroup, Inc. | 288,300 | 20,383 | |
Cullen/Frost Bankers, Inc. | 79,300 | 8,064 | |
Huntington Bancshares, Inc. | 7,409,600 | 103,142 | |
Investors Bancorp, Inc. | 1,829,000 | 21,491 | |
PacWest Bancorp | 534,900 | 21,155 | |
193,271 | |||
Capital Markets - 2.3% | |||
BlackRock, Inc. Class A | 44,200 | 21,448 | |
Cboe Global Markets, Inc. | 672,900 | 68,373 | |
Charles Schwab Corp. | 1,051,100 | 48,119 | |
CME Group, Inc. | 561,600 | 100,470 | |
E*TRADE Financial Corp. | 508,420 | 25,757 | |
Monex Group, Inc. | 585,000 | 1,775 | |
Morgan Stanley | 163,600 | 7,894 | |
Northern Trust Corp. | 753,500 | 74,257 | |
TD Ameritrade Holding Corp. | 2,061,000 | 108,367 | |
Virtu Financial, Inc. Class A | 375,800 | 9,237 | |
465,697 | |||
Consumer Finance - 0.5% | |||
Capital One Financial Corp. | 1,066,000 | 98,957 | |
TOTAL FINANCIALS | 757,925 | ||
HEALTH CARE - 7.5% | |||
Biotechnology - 5.2% | |||
Acceleron Pharma, Inc. (a) | 312,800 | 12,740 | |
Agios Pharmaceuticals, Inc. (a) | 482,335 | 26,972 | |
Alexion Pharmaceuticals, Inc. (a) | 1,440,389 | 196,080 | |
Allakos, Inc. (a) | 58,200 | 2,282 | |
Alnylam Pharmaceuticals, Inc. (a) | 270,200 | 24,140 | |
Amgen, Inc. | 1,123,734 | 201,508 | |
AnaptysBio, Inc. (a) | 98,700 | 7,177 | |
Array BioPharma, Inc. (a) | 1,655,700 | 37,435 | |
Audentes Therapeutics, Inc. (a) | 48,300 | 1,825 | |
bluebird bio, Inc. (a) | 379,726 | 53,857 | |
Blueprint Medicines Corp. (a) | 148,000 | 11,190 | |
Celgene Corp. (a) | 222,000 | 21,015 | |
Cellectis SA sponsored ADR (a) | 392,100 | 7,740 | |
Chimerix, Inc. (a) | 51,300 | 139 | |
Crinetics Pharmaceuticals, Inc. (a) | 93,000 | 2,413 | |
DBV Technologies SA sponsored ADR (a)(b) | 1,038,200 | 10,122 | |
Deciphera Pharmaceuticals, Inc. (a)(b) | 49,500 | 1,139 | |
FibroGen, Inc. (a) | 190,200 | 8,888 | |
GenSight Biologics SA (a)(b)(e) | 237,548 | 483 | |
Global Blood Therapeutics, Inc. (a) | 194,271 | 10,763 | |
Heron Therapeutics, Inc. (a) | 1,803,115 | 39,092 | |
Intercept Pharmaceuticals, Inc. (a) | 406,919 | 35,068 | |
Ionis Pharmaceuticals, Inc. (a) | 417,902 | 31,063 | |
Moderna, Inc. | 750,320 | 18,554 | |
Neurocrine Biosciences, Inc. (a) | 743,400 | 53,703 | |
Regeneron Pharmaceuticals, Inc. (a) | 30,800 | 10,569 | |
Sage Therapeutics, Inc. (a) | 230,975 | 38,857 | |
Sarepta Therapeutics, Inc. (a) | 281,900 | 32,965 | |
Scholar Rock Holding Corp. | 117,600 | 2,503 | |
Trevena, Inc. (a)(b) | 499,321 | 734 | |
uniQure B.V. (a) | 531,200 | 29,848 | |
Vertex Pharmaceuticals, Inc. (a) | 577,100 | 97,518 | |
Xencor, Inc. (a) | 872,974 | 26,809 | |
1,055,191 | |||
Health Care Equipment & Supplies - 0.7% | |||
Boston Scientific Corp. (a) | 1,329,900 | 49,366 | |
DexCom, Inc. (a) | 118,100 | 14,298 | |
Intuitive Surgical, Inc. (a) | 141,346 | 72,176 | |
ViewRay, Inc. (a)(b) | 1,050,700 | 7,313 | |
143,153 | |||
Health Care Providers & Services - 0.8% | |||
Elanco Animal Health, Inc. | 99,300 | 3,128 | |
G1 Therapeutics, Inc. (a) | 314,372 | 6,728 | |
Humana, Inc. | 258,017 | 65,900 | |
National Vision Holdings, Inc. (a) | 574,095 | 15,501 | |
Neuronetics, Inc. | 43,200 | 720 | |
UnitedHealth Group, Inc. | 306,400 | 71,413 | |
163,390 | |||
Health Care Technology - 0.0% | |||
Castlight Health, Inc. Class B (a) | 51,600 | 192 | |
Teladoc Health, Inc. (a)(b) | 190,400 | 10,830 | |
11,022 | |||
Life Sciences Tools & Services - 0.1% | |||
Illumina, Inc. (a) | 12,800 | 3,994 | |
Thermo Fisher Scientific, Inc. | 36,000 | 9,988 | |
13,982 | |||
Pharmaceuticals - 0.7% | |||
Allergan PLC | 25,800 | 3,793 | |
AstraZeneca PLC: | |||
(United Kingdom) | 119,500 | 8,903 | |
sponsored ADR | 1,241,800 | 46,766 | |
Bristol-Myers Squibb Co. | 176,240 | 8,183 | |
Collegium Pharmaceutical, Inc. (a) | 636,600 | 8,868 | |
Jazz Pharmaceuticals PLC (a) | 145,500 | 18,882 | |
Nektar Therapeutics (a) | 619,700 | 19,843 | |
The Medicines Company (a) | 231,600 | 7,400 | |
TherapeuticsMD, Inc. (a)(b) | 382,900 | 1,646 | |
Zogenix, Inc. (a) | 274,600 | 10,707 | |
134,991 | |||
TOTAL HEALTH CARE | 1,521,729 | ||
INDUSTRIALS - 1.9% | |||
Aerospace & Defense - 0.2% | |||
Space Exploration Technologies Corp.: | |||
Class A (a)(c)(d) | 203,488 | 41,512 | |
Class C (a)(c)(d) | 7,092 | 1,447 | |
42,959 | |||
Airlines - 0.4% | |||
American Airlines Group, Inc. | 265,632 | 9,079 | |
Spirit Airlines, Inc. (a) | 707,900 | 38,496 | |
United Continental Holdings, Inc. (a) | 421,600 | 37,463 | |
Wheels Up Partners Holdings LLC Series B (a)(c)(d)(f) | 1,760,377 | 2,764 | |
87,802 | |||
Commercial Services & Supplies - 0.5% | |||
Copart, Inc. (a) | 1,210,900 | 81,518 | |
Evoqua Water Technologies Corp. (a) | 261,500 | 3,562 | |
Tomra Systems ASA | 354,100 | 10,663 | |
95,743 | |||
Machinery - 0.1% | |||
Deere & Co. | 51,900 | 8,596 | |
Professional Services - 0.0% | |||
CoStar Group, Inc. (a) | 4,800 | 2,382 | |
Recruit Holdings Co. Ltd. | 70,900 | 2,119 | |
4,501 | |||
Road & Rail - 0.6% | |||
J.B. Hunt Transport Services, Inc. | 218,091 | 20,605 | |
Knight-Swift Transportation Holdings, Inc. Class A | 473,000 | 15,775 | |
Lyft, Inc. | 1,237,519 | 66,603 | |
Norfolk Southern Corp. | 99,000 | 20,198 | |
123,181 | |||
Trading Companies & Distributors - 0.1% | |||
HD Supply Holdings, Inc. (a) | 274,200 | 12,528 | |
TOTAL INDUSTRIALS | 375,310 | ||
INFORMATION TECHNOLOGY - 41.3% | |||
Communications Equipment - 0.5% | |||
Acacia Communications, Inc. (a) | 149,000 | 8,624 | |
Arista Networks, Inc. (a) | 67,900 | 21,204 | |
Cisco Systems, Inc. | 986,500 | 55,195 | |
Tencent Music Entertainment Group ADR (a)(b) | 1,119,000 | 19,247 | |
104,270 | |||
IT Services - 4.3% | |||
Akamai Technologies, Inc. (a) | 637,300 | 51,022 | |
Alliance Data Systems Corp. | 35,900 | 5,748 | |
FleetCor Technologies, Inc. (a) | 18,000 | 4,697 | |
Global Payments, Inc. | 133,500 | 19,500 | |
GoDaddy, Inc. (a) | 1,254,000 | 102,201 | |
MasterCard, Inc. Class A | 288,700 | 73,399 | |
Netcompany Group A/S (e) | 72,500 | 2,586 | |
PayPal Holdings, Inc. (a) | 2,561,800 | 288,894 | |
Shopify, Inc. Class A (a) | 458,051 | 111,376 | |
Total System Services, Inc. | 23,600 | 2,413 | |
Visa, Inc. Class A | 767,600 | 126,216 | |
Wix.com Ltd. (a) | 420,200 | 56,374 | |
Worldpay, Inc. (a) | 117,400 | 13,760 | |
858,186 | |||
Semiconductors & Semiconductor Equipment - 11.7% | |||
Analog Devices, Inc. | 896,300 | 104,186 | |
Applied Materials, Inc. | 3,197,100 | 140,896 | |
ASML Holding NV | 493,065 | 102,962 | |
ASML Holding NV (Netherlands) | 32,000 | 6,659 | |
Broadcom, Inc. | 635,266 | 202,269 | |
Intel Corp. | 1,167,300 | 59,579 | |
KLA-Tencor Corp. | 93,700 | 11,945 | |
Lam Research Corp. | 870,100 | 180,485 | |
Marvell Technology Group Ltd. | 10,279,136 | 257,184 | |
Microchip Technology, Inc. (b) | 140,700 | 14,055 | |
Micron Technology, Inc. (a) | 2,550,344 | 107,267 | |
NVIDIA Corp. | 2,769,401 | 501,262 | |
NXP Semiconductors NV | 1,715,600 | 181,202 | |
Qorvo, Inc. (a) | 379,800 | 28,717 | |
Qualcomm, Inc. | 3,557,676 | 306,423 | |
Skyworks Solutions, Inc. | 558,000 | 49,204 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 2,489,200 | 109,077 | |
2,363,372 | |||
Software - 15.7% | |||
2U, Inc. (a) | 260,841 | 15,781 | |
Adobe, Inc. (a) | 1,248,800 | 361,215 | |
Atom Tickets LLC (a)(c)(d)(f) | 516,103 | 1,079 | |
Autodesk, Inc. (a) | 877,520 | 156,383 | |
Black Knight, Inc. (a) | 1,046,100 | 59,021 | |
Cadence Design Systems, Inc. (a) | 237,300 | 16,464 | |
Carbon Black, Inc. | 30,000 | 412 | |
Cardlytics, Inc. (a) | 54,632 | 852 | |
Dataminr, Inc. Series E (c)(d) | 950,001 | 19,865 | |
Dropbox, Inc. Class A (a) | 215,316 | 5,249 | |
HIVE Blockchain Technologies Ltd. (a)(b) | 2,809,100 | 1,006 | |
HIVE Blockchain Technologies Ltd. warrants 11/14/19 (a) | 2,163,600 | 32 | |
HubSpot, Inc. (a) | 240,180 | 44,311 | |
Intuit, Inc. | 560,300 | 140,669 | |
Microsoft Corp. | 13,974,499 | 1,825,065 | |
Nutanix, Inc.: | |||
Class A (a) | 465,790 | 20,117 | |
Class B (a)(e) | 311,503 | 13,454 | |
Parametric Technology Corp. (a) | 53,500 | 4,840 | |
Paylocity Holding Corp. (a) | 181,900 | 17,562 | |
Pivotal Software, Inc. | 2,623,245 | 56,924 | |
Pluralsight, Inc. | 205,100 | 7,279 | |
Proofpoint, Inc. (a) | 121,300 | 15,213 | |
Salesforce.com, Inc. (a) | 1,537,048 | 254,151 | |
ServiceNow, Inc. (a) | 13,300 | 3,611 | |
StoneCo Ltd. Class A (a)(b) | 1,167,000 | 33,598 | |
Talend SA ADR (a) | 1,194,500 | 59,223 | |
Tanium, Inc. Class B (a)(c)(d) | 392,200 | 3,410 | |
Workday, Inc. Class A (a) | 136,900 | 28,151 | |
3,164,937 | |||
Technology Hardware, Storage & Peripherals - 9.1% | |||
Apple, Inc. | 8,770,760 | 1,760,028 | |
Samsung Electronics Co. Ltd. | 1,825,780 | 71,917 | |
1,831,945 | |||
TOTAL INFORMATION TECHNOLOGY | 8,322,710 | ||
MATERIALS - 0.1% | |||
Chemicals - 0.1% | |||
CF Industries Holdings, Inc. | 177,700 | 7,957 | |
FMC Corp. | 50,880 | 4,023 | |
LG Chemical Ltd. | 43,715 | 13,558 | |
25,538 | |||
Metals & Mining - 0.0% | |||
Livent Corp. | 47,588 | 513 | |
TOTAL MATERIALS | 26,051 | ||
REAL ESTATE - 0.7% | |||
Equity Real Estate Investment Trusts (REITs) - 0.7% | |||
American Tower Corp. | 360,500 | 70,406 | |
Ant International Co. Ltd. Class C (c)(d) | 6,818,398 | 41,933 | |
Crown Castle International Corp. | 152,400 | 19,169 | |
Equinix, Inc. | 42,800 | 19,461 | |
150,969 | |||
TOTAL COMMON STOCKS | |||
(Cost $12,601,274) | 19,703,529 | ||
Preferred Stocks - 2.2% | |||
Convertible Preferred Stocks - 2.1% | |||
COMMUNICATION SERVICES - 0.0% | |||
Wireless Telecommunication Services - 0.0% | |||
Altiostar Networks, Inc. Series A1 (a)(c)(d) | 2,113,909 | 2,706 | |
CONSUMER DISCRETIONARY - 0.3% | |||
Internet & Direct Marketing Retail - 0.3% | |||
One Kings Lane, Inc. Series E (Escrow) (a)(c)(d) | 648,635 | 259 | |
Reddit, Inc.: | |||
Series B (a)(c)(d) | 1,337,584 | 29,007 | |
Series C (a)(c)(d) | 300,673 | 6,520 | |
Series D (c)(d) | 929,200 | 20,151 | |
The Honest Co., Inc. Series D (a)(c)(d) | 75,268 | 3,444 | |
59,381 | |||
CONSUMER STAPLES - 0.3% | |||
Food & Staples Retailing - 0.3% | |||
Roofoods Ltd. Series F (a)(c)(d) | 93,930 | 51,507 | |
FINANCIALS - 0.0% | |||
Insurance - 0.0% | |||
Clover Health Series D (a)(c)(d) | 620,983 | 5,823 | |
HEALTH CARE - 0.3% | |||
Biotechnology - 0.2% | |||
23andMe, Inc.: | |||
Series E (a)(c)(d) | 1,817,170 | 23,351 | |
Series F (a)(c)(d) | 683,367 | 8,781 | |
32,132 | |||
Health Care Providers & Services - 0.1% | |||
Mulberry Health, Inc. Series A8 (a)(c)(d) | 4,342,250 | 31,029 | |
TOTAL HEALTH CARE | 63,161 | ||
INDUSTRIALS - 0.6% | |||
Aerospace & Defense - 0.1% | |||
Space Exploration Technologies Corp.: | |||
Series G (a)(c)(d) | 62,037 | 12,656 | |
Series H (a)(c)(d) | 65,670 | 13,397 | |
26,053 | |||
Professional Services - 0.0% | |||
YourPeople, Inc. Series C (a)(c)(d) | 335,546 | 1,107 | |
Road & Rail - 0.5% | |||
Uber Technologies, Inc.: | |||
Series D, 8.00% (a)(c)(d) | 2,234,768 | 94,531 | |
Series E, 8.00% (a)(c)(d) | 148,620 | 6,287 | |
100,818 | |||
TOTAL INDUSTRIALS | 127,978 | ||
INFORMATION TECHNOLOGY - 0.5% | |||
Internet Software & Services - 0.0% | |||
Starry, Inc. Series B (a)(c)(d) | 1,811,120 | 2,590 | |
IT Services - 0.0% | |||
AppNexus, Inc.: | |||
Series E (Escrow) (a)(c)(d) | 1,416,796 | 1,367 | |
Series F (Escrow) (a)(c)(d) | 90,913 | 112 | |
1,479 | |||
Software - 0.5% | |||
Cloudflare, Inc. Series D, 8.00% (a)(c)(d) | 395,787 | 4,979 | |
Dataminr, Inc. Series D (a)(c)(d) | 2,219,446 | 46,409 | |
Delphix Corp. Series D (a)(c)(d) | 427,177 | 3,520 | |
Jello Labs, Inc. Series C (a)(c)(d) | 302,678 | 0 | |
Jet.Com, Inc. Series B1 (Escrow) (a)(c)(d) | 4,896,249 | 222 | |
Taboola.Com Ltd. Series E (a)(c)(d) | 1,918,392 | 43,720 | |
98,850 | |||
TOTAL INFORMATION TECHNOLOGY | 102,919 | ||
REAL ESTATE - 0.1% | |||
Real Estate Management & Development - 0.1% | |||
WeWork Companies, Inc.: | |||
Series E (a)(c)(d) | 269,091 | 14,531 | |
Series F (a)(c)(d) | 14,513 | 784 | |
15,315 | |||
TOTAL CONVERTIBLE PREFERRED STOCKS | 428,790 | ||
Nonconvertible Preferred Stocks - 0.1% | |||
HEALTH CARE - 0.1% | |||
Pharmaceuticals - 0.1% | |||
Castle Creek Pharmaceutical Holdings, Inc. Series A4 (c)(d) | 30,303 | 12,748 | |
TOTAL PREFERRED STOCKS | |||
(Cost $296,072) | 441,538 | ||
Money Market Funds - 1.0% | |||
Fidelity Cash Central Fund, 2.49% (g) | 47,658,704 | 47,668 | |
Fidelity Securities Lending Cash Central Fund 2.49% (g)(h) | 149,935,008 | 149,950 | |
TOTAL MONEY MARKET FUNDS | |||
(Cost $197,618) | 197,618 | ||
TOTAL INVESTMENT IN SECURITIES - 100.9% | |||
(Cost $13,094,964) | 20,342,685 | ||
NET OTHER ASSETS (LIABILITIES) - (0.9)% | (173,457) | ||
NET ASSETS - 100% | $20,169,228 |
Values shown as $0 in the Schedule of Investments may reflect amounts less than $500.
Percentages shown as 0.0% in the Schedule of Investments may reflect amounts less than 0.05%.
Legend
(a) Non-income producing
(b) Security or a portion of the security is on loan at period end.
(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 $554,345,000 or 2.7% of net assets.
(d) Level 3 security
(e) 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 $18,417,000 or 0.1% of net assets.
(f) Investment is owned by a wholly-owned subsidiary (Subsidiary) that is treated as a corporation for U.S. tax purposes.
(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 E | 6/18/15 | $19,675 |
23andMe, Inc. Series F | 8/31/17 | $9,488 |
Altiostar Networks, Inc. Series A1 | 1/10/17 | $9,724 |
Ant International Co. Ltd. Class C | 5/16/18 | $38,251 |
AppNexus, Inc. Series E (Escrow) | 8/1/14 - 9/17/14 | $2,554 |
AppNexus, Inc. Series F (Escrow) | 8/23/16 | $213 |
Atom Tickets LLC | 8/15/17 | $3,047 |
Castle Creek Pharmaceutical Holdings, Inc. Series A4 | 9/29/16 | $10,011 |
Cloudflare, Inc. Series D, 8.00% | 11/5/14 | $2,424 |
Clover Health Series D | 6/7/17 | $5,823 |
Dataminr, Inc. Series D | 2/18/15 - 3/6/15 | $28,298 |
Dataminr, Inc. Series E | 7/28/17 - 5/21/18 | $14,368 |
Delphix Corp. Series D | 7/10/15 | $3,845 |
Jello Labs, Inc. Series C | 12/22/16 | $4,899 |
Jet.Com, Inc. Series B1 (Escrow) | 3/19/18 | $0 |
Mulberry Health, Inc. Series A8 | 1/20/16 | $29,331 |
One Kings Lane, Inc. Series E (Escrow) | 1/29/14 | $401 |
Reddit, Inc. Series B | 7/26/17 | $18,989 |
Reddit, Inc. Series C | 7/24/17 | $4,743 |
Reddit, Inc. Series D | 2/4/19 | $20,151 |
Roofoods Ltd. Series F | 9/12/17 | $33,211 |
Space Exploration Technologies Corp. Class A | 10/16/15 - 9/11/17 | $21,156 |
Space Exploration Technologies Corp. Class C | 9/11/17 | $957 |
Space Exploration Technologies Corp. Series G | 1/20/15 | $4,805 |
Space Exploration Technologies Corp. Series H | 8/4/17 | $8,865 |
Starry, Inc. Series B | 12/1/16 | $980 |
Taboola.Com Ltd. Series E | 12/22/14 | $20,000 |
Tanium, Inc. Class B | 4/21/17 | $1,947 |
The Honest Co., Inc. Series D | 8/3/15 | $3,444 |
Turn, Inc. (Escrow) | 4/11/17 | $719 |
Uber Technologies, Inc. Series D, 8.00% | 6/6/14 | $34,668 |
Uber Technologies, Inc. Series E, 8.00% | 12/5/14 | $4,952 |
WeWork Companies, Inc. Series E | 6/23/15 | $8,850 |
WeWork Companies, Inc. Series F | 12/1/16 | $728 |
Wheels Up Partners Holdings LLC Series B | 9/18/15 | $5,016 |
YourPeople, Inc. Series C | 5/1/15 | $5,000 |
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 | $1,065 |
Fidelity Securities Lending Cash Central Fund | 2,029 |
Total | $3,094 |
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 Funds 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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