NPORT-EX 1 QTLY_2611_20190430.htm

Quarterly Holdings Report
for

Fidelity® Series Blue Chip Growth Fund

April 30, 2019







XS1-QTLY-0619
1.967990.105





Schedule of Investments April 30, 2019 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 93.7%   
 Shares Value 
COMMUNICATION SERVICES - 16.8%   
Entertainment - 4.3%   
Activision Blizzard, Inc. 787,928 $37,986,009 
Electronic Arts, Inc. (a) 184,300 17,443,995 
Netflix, Inc. (a) 282,946 104,842,811 
Nintendo Co. Ltd. 11,500 3,960,781 
Nintendo Co. Ltd. ADR 45,900 1,977,372 
Spotify Technology SA (a) 8,800 1,194,776 
Take-Two Interactive Software, Inc. (a) 59,500 5,761,385 
The Walt Disney Co. 583,200 79,880,904 
Vivendi SA 170,600 4,951,808 
WME Entertainment Parent, LLC Class A (a)(b)(c)(d) 3,128,633 9,479,758 
World Wrestling Entertainment, Inc. Class A 14,600 1,224,210 
  268,703,809 
Interactive Media & Services - 12.3%   
Alphabet, Inc. Class A (a) 387,313 464,372,793 
ANGI Homeservices, Inc. Class A (a) 359,000 6,239,420 
CarGurus, Inc. Class A (a) 122,688 4,998,309 
Facebook, Inc. Class A (a) 1,309,555 253,267,937 
Momo, Inc. ADR 66,800 2,342,676 
Pinterest, Inc. Class A 51,800 1,604,764 
Snap, Inc. Class A (a)(e) 287,300 3,200,522 
Tencent Holdings Ltd. 471,000 23,214,489 
Twitter, Inc. (a) 536,300 21,403,733 
  780,644,643 
Media - 0.1%   
Charter Communications, Inc. Class A (a) 22,400 8,314,656 
Nexstar Broadcasting Group, Inc. Class A 5,600 655,480 
  8,970,136 
Wireless Telecommunication Services - 0.1%   
T-Mobile U.S., Inc. (a) 88,400 6,452,316 
TOTAL COMMUNICATION SERVICES  1,064,770,904 
CONSUMER DISCRETIONARY - 22.6%   
Auto Components - 0.0%   
Aptiv PLC 8,000 685,600 
Automobiles - 0.9%   
Tesla, Inc. (a)(e) 233,637 55,766,816 
Hotels, Restaurants & Leisure - 2.7%   
Boyd Gaming Corp. 194,500 5,597,710 
Caesars Entertainment Corp. (a) 857,400 8,025,264 
Chipotle Mexican Grill, Inc. (a) 6,400 4,403,456 
Eldorado Resorts, Inc. (a) 276,600 13,655,742 
Haidilao International Holding Ltd. (e)(f) 598,000 2,302,111 
Hilton Grand Vacations, Inc. (a) 241,866 7,749,387 
Hilton Worldwide Holdings, Inc. 22,800 1,983,372 
International Game Technology PLC (e) 338,900 4,958,107 
Kambi Group PLC (a) 136,100 2,711,582 
Las Vegas Sands Corp. 29,100 1,951,155 
Marriott International, Inc. Class A 103,700 14,146,754 
McDonald's Corp. 1,200 237,084 
MGM Mirage, Inc. 146,800 3,909,284 
Penn National Gaming, Inc. (a) 173,800 3,766,246 
Planet Fitness, Inc. (a) 191,300 14,481,410 
PlayAGS, Inc. (a) 122,500 2,954,700 
Restaurant Brands International, Inc. 93,100 6,076,483 
Royal Caribbean Cruises Ltd. 105,300 12,734,982 
Sea Ltd. ADR (a) 1,028,700 25,604,343 
Shake Shack, Inc. Class A (a) 93,900 5,756,070 
Starbucks Corp. 120,000 9,321,600 
The Stars Group, Inc. (a) 137,900 2,604,931 
Wynn Resorts Ltd. 78,200 11,295,990 
Yum! Brands, Inc. 44,400 4,634,916 
  170,862,679 
Household Durables - 0.4%   
D.R. Horton, Inc. 135,800 6,017,298 
iRobot Corp. (a) 15,500 1,604,870 
Lennar Corp. Class A 118,200 6,149,946 
Mohawk Industries, Inc. (a) 48,700 6,635,375 
Roku, Inc. Class A (a) 98,900 6,289,051 
  26,696,540 
Internet & Direct Marketing Retail - 9.7%   
Alibaba Group Holding Ltd. sponsored ADR (a) 247,300 45,891,461 
Amazon.com, Inc. (a) 234,180 451,152,454 
eBay, Inc. 85,100 3,297,625 
Etsy, Inc. (a) 86,700 5,855,718 
JD.com, Inc. sponsored ADR (a) 371,100 11,233,197 
MakeMyTrip Ltd. (a) 49,000 1,235,290 
Meituan Dianping Class B 1,620,652 11,775,592 
MercadoLibre, Inc. (a) 15,500 7,504,170 
Ocado Group PLC (a) 48,400 859,923 
Pinduoduo, Inc. ADR (e) 475,000 10,559,250 
The Booking Holdings, Inc. (a) 21,100 39,140,289 
The Honest Co., Inc. (a)(c)(d) 71,609 788,415 
Wayfair LLC Class A (a) 135,800 22,019,970 
  611,313,354 
Multiline Retail - 0.9%   
Avenue Supermarts Ltd. (a)(f) 34,373 639,370 
Big Lots, Inc. 34,200 1,270,872 
Dollar General Corp. 22,400 2,824,416 
Dollar Tree, Inc. (a) 380,500 42,342,040 
Ollie's Bargain Outlet Holdings, Inc. (a) 32,100 3,070,044 
Target Corp. 64,000 4,954,880 
  55,101,622 
Specialty Retail - 4.3%   
American Eagle Outfitters, Inc. 315,900 7,512,102 
At Home Group, Inc. (a) 462,600 10,866,474 
Best Buy Co., Inc. 118,700 8,832,467 
Burlington Stores, Inc. (a) 79,100 13,360,781 
Carvana Co. Class A (a)(e) 92,500 6,619,300 
Five Below, Inc. (a) 79,600 11,652,644 
Floor & Decor Holdings, Inc. Class A (a) 172,400 8,278,648 
Home Depot, Inc. 343,614 69,994,172 
Lowe's Companies, Inc. 525,000 59,398,500 
RH (a)(e) 309,218 32,996,653 
The Children's Place Retail Stores, Inc. 31,600 3,565,112 
Tiffany & Co., Inc. 77,300 8,334,486 
TJX Companies, Inc. 380,200 20,865,376 
Ulta Beauty, Inc. (a) 36,800 12,842,464 
  275,119,179 
Textiles, Apparel & Luxury Goods - 3.7%   
adidas AG 44,835 11,520,737 
Allbirds, Inc. (c)(d) 8,081 448,415 
Canada Goose Holdings, Inc. (a) 26,200 1,399,080 
Capri Holdings Ltd. (a) 126,900 5,593,752 
Hanesbrands, Inc. 138,800 2,508,116 
Kering SA 3,300 1,950,575 
Levi Strauss & Co. Class A (a) 111,900 2,507,679 
lululemon athletica, Inc. (a) 528,068 93,124,792 
LVMH Moet Hennessy - Louis Vuitton SA 16,600 6,517,446 
Moncler SpA 199,900 8,199,281 
NIKE, Inc. Class B 575,800 50,572,514 
Pagerduty, Inc. 10,000 469,000 
PVH Corp. 146,600 18,909,934 
Silk Road Medical, Inc. 19,700 820,308 
Skechers U.S.A., Inc. Class A (sub. vtg.) (a) 347,300 10,995,518 
Tapestry, Inc. 90,400 2,917,208 
Tory Burch LLC (a)(b)(c)(d) 106,817 5,948,639 
Tufin Software Technologies Ltd. 103,700 2,324,954 
Under Armour, Inc. Class C (non-vtg.) (a) 357,000 7,397,040 
VF Corp. 21,300 2,010,933 
  236,135,921 
TOTAL CONSUMER DISCRETIONARY  1,431,681,711 
CONSUMER STAPLES - 2.8%   
Beverages - 0.3%   
Fever-Tree Drinks PLC 289,203 11,856,675 
Keurig Dr. Pepper, Inc. 292,100 8,491,347 
Pernod Ricard SA 3,500 609,842 
  20,957,864 
Food & Staples Retailing - 0.9%   
BJ's Wholesale Club Holdings, Inc. 627,800 17,798,130 
Costco Wholesale Corp. 153,500 37,688,855 
Kroger Co. 125,600 3,237,968 
  58,724,953 
Food Products - 0.1%   
Blue Bottle Coffee, Inc. Class C (Escrow) (a)(c)(d) 234,006 343,989 
Darling International, Inc. (a) 132,700 2,894,187 
Nestle SA (Reg. S) 7,070 680,683 
Nomad Foods Ltd. (a) 58,700 1,220,960 
The a2 Milk Co. Ltd. (a) 156,000 1,747,307 
  6,887,126 
Personal Products - 0.4%   
Coty, Inc. Class A (e) 931,100 10,074,502 
Estee Lauder Companies, Inc. Class A 80,800 13,882,248 
  23,956,750 
Tobacco - 1.1%   
Altria Group, Inc. 1,237,400 67,227,942 
JUUL Labs, Inc. (a)(c)(d) 2,450 670,075 
  67,898,017 
TOTAL CONSUMER STAPLES  178,424,710 
ENERGY - 0.9%   
Oil, Gas & Consumable Fuels - 0.9%   
Berry Petroleum Corp. 179,400 2,037,984 
Continental Resources, Inc. (a) 120,064 5,521,743 
Diamondback Energy, Inc. 57,900 6,159,981 
EOG Resources, Inc. 26,426 2,538,217 
Hess Corp. 68,600 4,398,632 
PDC Energy, Inc. (a) 47,200 2,052,728 
Pioneer Natural Resources Co. 4,600 765,716 
Reliance Industries Ltd. 1,037,621 20,750,334 
Valero Energy Corp. 28,400 2,574,744 
Whiting Petroleum Corp. (a) 417,300 11,429,847 
  58,229,926 
FINANCIALS - 1.5%   
Banks - 0.7%   
Bank of America Corp. 978,500 29,922,530 
Coastal Financial Corp. of Washington (a) 9,700 154,715 
HDFC Bank Ltd. sponsored ADR 5,600 642,040 
ICICI Bank Ltd. sponsored ADR 115,200 1,319,040 
IndusInd Bank Ltd. 44,055 1,016,187 
JPMorgan Chase & Co. 49,572 5,752,831 
Kotak Mahindra Bank Ltd. 204,676 4,074,741 
  42,882,084 
Capital Markets - 0.1%   
Edelweiss Financial Services Ltd. 287,620 614,290 
HDFC Asset Management Co. Ltd. (f) 403 9,808 
TD Ameritrade Holding Corp. 109,000 5,731,220 
Tradeweb Markets, Inc. Class A 27,500 1,106,875 
  7,462,193 
Diversified Financial Services - 0.5%   
Berkshire Hathaway, Inc. Class B (a) 129,500 28,063,945 
GDS Holdings Ltd. ADR (a) 67,500 2,641,275 
  30,705,220 
Insurance - 0.1%   
eHealth, Inc. (a) 158,900 9,651,586 
Thrifts & Mortgage Finance - 0.1%   
LendingTree, Inc. (a)(e) 16,600 6,388,012 
TOTAL FINANCIALS  97,089,095 
HEALTH CARE - 11.4%   
Biotechnology - 5.1%   
ACADIA Pharmaceuticals, Inc. (a) 87,700 2,109,185 
Acceleron Pharma, Inc. (a) 58,700 2,390,851 
Agios Pharmaceuticals, Inc. (a) 134,323 7,511,342 
Aimmune Therapeutics, Inc. (a) 115,000 2,316,100 
Alexion Pharmaceuticals, Inc. (a) 405,704 55,228,486 
Allakos, Inc. (a) 35,800 1,403,718 
Allogene Therapeutics, Inc. 25,600 766,720 
Alnylam Pharmaceuticals, Inc. (a) 347,200 31,018,848 
AnaptysBio, Inc. (a) 44,900 3,265,128 
Arena Pharmaceuticals, Inc. (a) 84,000 3,843,000 
Argenx SE ADR (a) 10,800 1,383,156 
Array BioPharma, Inc. (a) 109,900 2,484,839 
Ascendis Pharma A/S sponsored ADR (a) 127,100 14,156,398 
Atara Biotherapeutics, Inc. (a) 30,900 1,038,240 
BeiGene Ltd. 140,400 1,353,029 
BeiGene Ltd. ADR (a) 37,100 4,608,933 
bluebird bio, Inc. (a) 128,200 18,182,606 
Blueprint Medicines Corp. (a) 30,300 2,290,983 
CareDx, Inc. (a) 48,600 1,322,406 
Cellectis SA sponsored ADR (a) 42,400 836,976 
Cibus Corp. Series C (a)(b)(c)(d) 726,554 791,944 
Coherus BioSciences, Inc. (a)(e) 185,500 2,953,160 
Crinetics Pharmaceuticals, Inc. (a) 60,600 1,572,570 
CytomX Therapeutics, Inc. (a)(f) 137,854 1,310,992 
Deciphera Pharmaceuticals, Inc. (a) 15,900 365,700 
Denali Therapeutics, Inc. (a)(e) 178,800 4,375,236 
Editas Medicine, Inc. (a)(e) 108,989 2,697,478 
Epizyme, Inc. (a) 77,100 956,811 
Exact Sciences Corp. (a) 33,100 3,266,639 
FibroGen, Inc. (a) 73,800 3,448,674 
Global Blood Therapeutics, Inc. (a) 144,300 7,994,220 
Heron Therapeutics, Inc. (a) 57,900 1,255,272 
Immunomedics, Inc. (a) 203,000 3,252,060 
Intellia Therapeutics, Inc. (a)(e) 117,657 1,809,565 
Intercept Pharmaceuticals, Inc. (a) 94,000 8,100,920 
Ionis Pharmaceuticals, Inc. (a) 62,200 4,623,326 
Ironwood Pharmaceuticals, Inc. Class A (a) 325,316 3,868,007 
Mirati Therapeutics, Inc. (a) 36,900 2,195,181 
Moderna, Inc. (e) 49,600 1,291,088 
Momenta Pharmaceuticals, Inc. (a) 35,300 493,847 
Natera, Inc. (a) 184,800 3,531,528 
Neurocrine Biosciences, Inc. (a) 180,700 13,053,768 
Portola Pharmaceuticals, Inc. (a)(e) 72,100 2,545,130 
Principia Biopharma, Inc. 23,100 690,921 
Regeneron Pharmaceuticals, Inc. (a) 57,480 19,723,687 
Rubius Therapeutics, Inc. 30,200 528,198 
Sage Therapeutics, Inc. (a) 143,886 24,205,942 
Sarepta Therapeutics, Inc. (a) 119,600 13,986,024 
Scholar Rock Holding Corp. 38,394 817,024 
Synthorx, Inc. 51,900 794,070 
Ultragenyx Pharmaceutical, Inc. (a) 33,600 2,217,600 
Vertex Pharmaceuticals, Inc. (a) 113,700 19,213,026 
Xencor, Inc. (a) 109,200 3,353,532 
Zai Lab Ltd. ADR (a) 74,400 1,982,760 
  320,776,844 
Health Care Equipment & Supplies - 3.1%   
Alcon, Inc. (a) 95,900 5,581,380 
Align Technology, Inc. (a) 38,600 12,532,648 
Atricure, Inc. (a) 40,200 1,206,804 
Axonics Modulation Technologies, Inc. (a) 69,400 1,401,880 
Becton, Dickinson & Co. 43,100 10,375,894 
Boston Scientific Corp. (a) 1,600,000 59,392,000 
Danaher Corp. 89,600 11,866,624 
DexCom, Inc. (a) 35,400 4,285,878 
Edwards Lifesciences Corp. (a) 8,600 1,514,202 
Establishment Labs Holdings, Inc. (a)(e) 128,200 3,221,666 
Glaukos Corp. (a) 17,800 1,283,914 
Insulet Corp. (a) 70,600 6,089,250 
Intuitive Surgical, Inc. (a) 102,000 52,084,260 
iRhythm Technologies, Inc. (a) 74,000 5,646,940 
Novocure Ltd. (a) 45,200 1,991,964 
Quanterix Corp. (a) 38,600 876,992 
Shockwave Medical, Inc. (a)(e) 154,121 6,567,096 
Tandem Diabetes Care, Inc. (a) 102,400 6,288,384 
ViewRay, Inc. (a)(e) 124,600 867,216 
Wright Medical Group NV (a) 69,900 2,066,943 
  195,141,935 
Health Care Providers & Services - 2.1%   
Anthem, Inc. 7,900 2,077,937 
Guardant Health, Inc. (e) 69,400 4,546,394 
HCA Holdings, Inc. 134,400 17,099,712 
Humana, Inc. 142,600 36,421,466 
Notre Dame Intermedica Participacoes SA 221,900 1,987,485 
OptiNose, Inc. (a)(e) 197,024 1,962,359 
UnitedHealth Group, Inc. 294,300 68,592,501 
  132,687,854 
Health Care Technology - 0.0%   
Teladoc Health, Inc. (a)(e) 40,400 2,297,952 
Life Sciences Tools & Services - 0.1%   
IQVIA Holdings, Inc. (a) 8,700 1,208,430 
Thermo Fisher Scientific, Inc. 16,500 4,577,925 
  5,786,355 
Pharmaceuticals - 1.0%   
Akcea Therapeutics, Inc. (a) 201,100 5,045,599 
AstraZeneca PLC sponsored ADR 292,900 11,030,614 
Bristol-Myers Squibb Co. 419,600 19,482,028 
Chiasma, Inc. warrants 12/16/24 (a) 23,784 53,747 
Cyclerion Therapeutics, Inc. (a) 32,531 495,447 
Dova Pharmaceuticals, Inc. (a)(e) 54,700 503,240 
Horizon Pharma PLC (a) 44,100 1,125,873 
InflaRx NV (a) 45,600 2,101,704 
Jazz Pharmaceuticals PLC (a) 55,800 7,241,166 
MyoKardia, Inc. (a) 24,300 1,165,914 
Nektar Therapeutics (a) 185,300 5,933,306 
The Medicines Company (a) 170,200 5,437,890 
TherapeuticsMD, Inc. (a)(e) 219,300 942,990 
Theravance Biopharma, Inc. (a) 17,300 412,605 
Turning Point Therapeutics, Inc. 83,400 2,902,320 
Zogenix, Inc. (a) 30,000 1,169,700 
  65,044,143 
TOTAL HEALTH CARE  721,735,083 
INDUSTRIALS - 3.1%   
Aerospace & Defense - 1.1%   
Elbit Systems Ltd. 12,800 1,788,288 
General Dynamics Corp. 10,800 1,930,176 
Lockheed Martin Corp. 5,900 1,966,647 
Northrop Grumman Corp. 4,400 1,275,604 
Space Exploration Technologies Corp.:   
Class A (a)(c)(d) 22,703 4,631,412 
Class C (a)(c)(d) 686 139,944 
The Boeing Co. 149,900 56,615,731 
United Technologies Corp. 28,400 4,050,124 
  72,397,926 
Air Freight & Logistics - 0.1%   
United Parcel Service, Inc. Class B 51,800 5,502,196 
Airlines - 0.3%   
JetBlue Airways Corp. (a) 75,100 1,393,105 
Spirit Airlines, Inc. (a) 325,100 17,678,938 
United Continental Holdings, Inc. (a) 3,200 284,352 
  19,356,395 
Building Products - 0.0%   
Masco Corp. 16,000 624,960 
Commercial Services & Supplies - 0.1%   
HomeServe PLC 282,400 3,995,508 
Tomra Systems ASA 140,500 4,230,903 
  8,226,411 
Construction & Engineering - 0.2%   
Dycom Industries, Inc. (a) 75,600 3,749,004 
MasTec, Inc. (a) 106,700 5,404,355 
  9,153,359 
Electrical Equipment - 0.1%   
Fortive Corp. 73,650 6,358,941 
Industrial Conglomerates - 0.4%   
General Electric Co. 1,079,800 10,981,566 
Honeywell International, Inc. 71,900 12,483,997 
  23,465,563 
Machinery - 0.4%   
Deere & Co. 111,800 18,517,434 
Rational AG 3,100 2,093,130 
Xylem, Inc. 75,600 6,305,040 
  26,915,604 
Professional Services - 0.0%   
51job, Inc. sponsored ADR (a) 7,000 646,380 
Road & Rail - 0.4%   
Knight-Swift Transportation Holdings, Inc. Class A 421,400 14,053,690 
Lyft, Inc. (e) 36,300 2,170,740 
Lyft, Inc. 137,264 7,387,548 
  23,611,978 
TOTAL INDUSTRIALS  196,259,713 
INFORMATION TECHNOLOGY - 33.8%   
Communications Equipment - 0.5%   
Acacia Communications, Inc. (a) 37,800 2,187,864 
Arista Networks, Inc. (a) 54,900 17,144,721 
Nokia Corp. sponsored ADR (e) 698,300 3,687,024 
Telefonaktiebolaget LM Ericsson (B Shares) sponsored ADR 527,300 5,220,270 
  28,239,879 
Electronic Equipment & Components - 0.2%   
Corning, Inc. 260,800 8,306,480 
IPG Photonics Corp. (a) 15,800 2,760,734 
Keysight Technologies, Inc. (a) 7,200 626,616 
Zebra Technologies Corp. Class A (a) 15,000 3,167,100 
  14,860,930 
Internet Software & Services - 0.0%   
HUYA, Inc. ADR 23,600 563,804 
IT Services - 6.1%   
Akamai Technologies, Inc. (a) 180,100 14,418,806 
Elastic NV (e) 64,400 5,509,420 
Endava PLC ADR (a) 67,800 2,242,146 
GoDaddy, Inc. (a) 85,500 6,968,250 
Keywords Studios PLC 26,000 527,885 
MasterCard, Inc. Class A 402,573 102,350,160 
Netcompany Group A/S (f) 23,300 831,005 
Okta, Inc. (a) 92,100 9,581,163 
PayPal Holdings, Inc. (a) 564,200 63,624,834 
Shopify, Inc. Class A (a) 80,100 19,476,431 
Square, Inc. (a) 63,900 4,653,198 
Total System Services, Inc. 14,300 1,462,032 
Twilio, Inc. Class A (a) 17,200 2,358,808 
Visa, Inc. Class A 852,979 140,255,337 
Wix.com Ltd. (a) 70,500 9,458,280 
  383,717,755 
Semiconductors & Semiconductor Equipment - 10.1%   
Advanced Micro Devices, Inc. (a) 526,800 14,555,484 
Analog Devices, Inc. 70,000 8,136,800 
Applied Materials, Inc. 132,000 5,817,240 
ASML Holding NV 15,000 3,132,300 
Broadcom, Inc. 342,132 108,934,829 
First Solar, Inc. (a) 21,200 1,304,436 
Inphi Corp. (a) 148,800 6,794,208 
Lam Research Corp. 112,300 23,294,389 
Marvell Technology Group Ltd. 5,520,600 138,125,412 
Microchip Technology, Inc. 14,300 1,428,427 
Micron Technology, Inc. (a) 923,800 38,855,028 
Monolithic Power Systems, Inc. 65,856 10,254,438 
NVIDIA Corp. 674,620 122,106,220 
NXP Semiconductors NV 637,500 67,332,750 
Qualcomm, Inc. 913,073 78,642,977 
Universal Display Corp. (e) 31,200 4,979,520 
Xilinx, Inc. 55,100 6,619,714 
  640,314,172 
Software - 11.0%   
Adobe, Inc. (a) 227,620 65,839,085 
Altair Engineering, Inc. Class A (a) 24,100 950,504 
Atlassian Corp. PLC (a) 17,100 1,883,565 
Atom Tickets LLC (a)(b)(c)(d) 344,068 719,102 
Bilibili, Inc. ADR (a)(e) 108,500 1,931,300 
Blue Prism Group PLC (a) 83,500 2,014,354 
Coupa Software, Inc. (a) 9,900 1,022,967 
DocuSign, Inc. 113,800 6,449,046 
Five9, Inc. (a) 34,800 1,846,836 
HubSpot, Inc. (a) 32,500 5,995,925 
Intuit, Inc. 43,400 10,896,004 
Lightspeed POS, Inc. (a) 58,900 1,098,687 
Microsoft Corp. 2,419,100 315,934,460 
Nutanix, Inc. Class A (a) 128,544 5,551,815 
Paycom Software, Inc. (a) 72,000 14,582,160 
Pivotal Software, Inc. 155,200 3,367,840 
RingCentral, Inc. (a) 103,200 12,009,384 
Salesforce.com, Inc. (a) 1,041,167 172,156,963 
ServiceNow, Inc. (a) 31,900 8,661,169 
Smartsheet, Inc. 57,600 2,438,208 
Splunk, Inc. (a) 22,700 3,133,508 
SurveyMonkey 216,500 3,875,350 
Synopsys, Inc. (a) 5,400 653,832 
Tanium, Inc. Class B (a)(c)(d) 151,000 1,312,734 
Tenable Holdings, Inc. 79,400 2,850,460 
The Trade Desk, Inc. (a) 77,500 17,164,700 
Workday, Inc. Class A (a) 93,000 19,123,590 
Zendesk, Inc. (a) 82,200 7,215,516 
Zoom Video Communications, Inc. Class A 44,500 3,224,915 
Zuora, Inc. 162,400 3,589,040 
  697,493,019 
Technology Hardware, Storage & Peripherals - 5.9%   
Apple, Inc. 1,838,134 368,858,350 
Western Digital Corp. 100,600 5,142,672 
  374,001,022 
TOTAL INFORMATION TECHNOLOGY  2,139,190,581 
MATERIALS - 0.6%   
Chemicals - 0.5%   
CF Industries Holdings, Inc. 99,400 4,451,132 
DowDuPont, Inc. 57,193 2,199,071 
LG Chemical Ltd. 5,701 1,768,078 
Nutrien Ltd. 105,200 5,705,630 
Sherwin-Williams Co. 1,400 636,762 
The Chemours Co. LLC 494,000 17,788,940 
  32,549,613 
Construction Materials - 0.1%   
Vulcan Materials Co. 15,900 2,005,149 
TOTAL MATERIALS  34,554,762 
REAL ESTATE - 0.1%   
Equity Real Estate Investment Trusts (REITs) - 0.1%   
Ant International Co. Ltd. Class C (c)(d) 1,065,661 6,553,815 
Crown Castle International Corp. 14,800 1,861,544 
  8,415,359 
UTILITIES - 0.1%   
Electric Utilities - 0.1%   
DONG Energy A/S (f) 8,200 627,784 
Vistra Energy Corp. 92,100 2,509,725 
  3,137,509 
TOTAL COMMON STOCKS   
(Cost $3,351,478,938)  5,933,489,353 
Preferred Stocks - 6.3%   
Convertible Preferred Stocks - 6.2%   
CONSUMER DISCRETIONARY - 0.5%   
Hotels, Restaurants & Leisure - 0.2%   
MOD Super Fast Pizza Holdings LLC Series 3 Preferred (a)(b)(c)(d) 24,573 4,091,159 
Neutron Holdings, Inc. Series C (c)(d) 12,405,800 3,008,407 
Topgolf International, Inc. Series F (a)(c)(d) 106,191 1,366,678 
  8,466,244 
Internet & Direct Marketing Retail - 0.2%   
Reddit, Inc. Series B (a)(c)(d) 129,280 2,803,605 
The Honest Co., Inc.:   
Series C (a)(c)(d) 167,087 6,457,913 
Series D (a)(c)(d) 27,712 1,268,101 
Series E (a)(c)(d) 143,059 2,803,956 
  13,333,575 
Leisure Products - 0.1%   
Peloton Interactive, Inc. Series E (a)(c)(d) 377,252 7,661,988 
Textiles, Apparel & Luxury Goods - 0.0%   
Allbirds, Inc.:   
Series A (c)(d) 3,189 176,958 
Series B (c)(d) 560 31,074 
Series C (c)(d) 5,355 297,149 
  505,181 
TOTAL CONSUMER DISCRETIONARY  29,966,988 
CONSUMER STAPLES - 3.1%   
Food & Staples Retailing - 0.2%   
Sweetgreen, Inc. Series H (c)(d) 725,140 9,455,826 
Food Products - 0.0%   
Agbiome LLC Series C (c)(d) 266,499 1,524,374 
Tobacco - 2.9%   
JUUL Labs, Inc.:   
Series C (a)(c)(d) 667,420 182,539,370 
Series D (c)(d) 5,110 1,397,585 
  183,936,955 
TOTAL CONSUMER STAPLES  194,917,155 
FINANCIALS - 0.0%   
Consumer Finance - 0.0%   
Oportun Finance Corp. Series H (a)(c)(d) 1,527,120 3,710,902 
HEALTH CARE - 0.2%   
Biotechnology - 0.1%   
23andMe, Inc. Series F (a)(c)(d) 195,114 2,507,215 
Axcella Health, Inc. Series C (a)(c)(d) 248,015 2,544,634 
Generation Bio Series B (a)(c)(d) 110,000 999,900 
Immunocore Ltd. Series A (a)(c)(d) 4,035 512,273 
  6,564,022 
Health Care Providers & Services - 0.1%   
Mulberry Health, Inc. Series A8 (a)(c)(d) 813,618 5,813,935 
Pharmaceuticals - 0.0%   
Castle Creek Pharmaceutical Holdings, Inc. Series B (c)(d) 1,069 449,718 
TOTAL HEALTH CARE  12,827,675 
INDUSTRIALS - 1.9%   
Aerospace & Defense - 0.2%   
Space Exploration Technologies Corp.:   
Series G (a)(c)(d) 42,650 8,700,600 
Series H (a)(c)(d) 6,348 1,294,992 
  9,995,592 
Professional Services - 0.0%   
YourPeople, Inc. Series C (a)(c)(d) 253,888 837,830 
Road & Rail - 1.7%   
Uber Technologies, Inc.:   
Series D, 8.00% (a)(c)(d) 2,553,952 108,032,170 
Series E, 8.00% (a)(c)(d) 46,973 1,986,958 
  110,019,128 
TOTAL INDUSTRIALS  120,852,550 
INFORMATION TECHNOLOGY - 0.5%   
Internet Software & Services - 0.1%   
ContextLogic, Inc. Series G (a)(c)(d) 34,750 5,875,183 
Starry, Inc. Series C (a)(c)(d) 1,477,502 2,112,828 
  7,988,011 
IT Services - 0.0%   
AppNexus, Inc. Series E (Escrow) (a)(c)(d) 307,049 296,302 
Software - 0.4%   
Cloudflare, Inc. Series D, 8.00% (a)(c)(d) 428,680 5,392,794 
Compass, Inc. Series E (a)(c)(d) 13,605 1,613,145 
Dataminr, Inc. Series D (a)(c)(d) 115,901 2,423,490 
Delphix Corp. Series D (a)(c)(d) 242,876 2,001,298 
Jet.Com, Inc. Series B1 (Escrow) (a)(c)(d) 922,232 41,869 
Malwarebytes Corp. Series B (a)(c)(d) 329,349 6,099,543 
Taboola.Com Ltd. Series E (a)(c)(d) 289,958 6,608,143 
  24,180,282 
TOTAL INFORMATION TECHNOLOGY  32,464,595 
TOTAL CONVERTIBLE PREFERRED STOCKS  394,739,865 
Nonconvertible Preferred Stocks - 0.1%   
CONSUMER DISCRETIONARY - 0.0%   
Textiles, Apparel & Luxury Goods - 0.0%   
Allbirds, Inc. (c)(d) 1,715 95,165 
HEALTH CARE - 0.1%   
Pharmaceuticals - 0.1%   
Castle Creek Pharmaceutical Holdings, Inc. Series A4 (c)(d) 9,636 4,053,769 
TOTAL NONCONVERTIBLE PREFERRED STOCKS  4,148,934 
TOTAL PREFERRED STOCKS   
(Cost $121,702,740)  398,888,799 
Money Market Funds - 2.2%   
Fidelity Cash Central Fund, 2.49% (g) 14,398,271 14,401,151 
Fidelity Securities Lending Cash Central Fund 2.49% (g)(h) 124,497,959 124,510,408 
TOTAL MONEY MARKET FUNDS   
(Cost $138,911,559)  138,911,559 
TOTAL INVESTMENT IN SECURITIES - 102.2%   
(Cost $3,612,093,237)  6,471,289,711 
NET OTHER ASSETS (LIABILITIES) - (2.2)%  (137,041,534) 
NET ASSETS - 100%  $6,334,248,177 

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 $430,717,041 or 6.8% 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 $5,721,070 or 0.1% 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 
23andMe, Inc. Series F 8/31/17 $2,709,002 
Agbiome LLC Series C 6/29/18 $1,687,925 
Allbirds, Inc. 10/9/18 $443,128 
Allbirds, Inc. 10/9/18 $94,043 
Allbirds, Inc. Series A 10/9/18 $174,871 
Allbirds, Inc. Series B 10/9/18 $30,708 
Allbirds, Inc. Series C 10/9/18 $293,646 
Ant International Co. Ltd. Class C 5/16/18 $5,978,358 
AppNexus, Inc. Series E (Escrow) 8/1/14 $553,578 
Atom Tickets LLC 8/15/17 $2,046,455 
Axcella Health, Inc. Series C 1/30/15 $2,499,991 
Blue Bottle Coffee, Inc. Class C (Escrow) 10/30/17 $142,254 
Castle Creek Pharmaceutical Holdings, Inc. Series A4 9/29/16 $3,185,523 
Castle Creek Pharmaceutical Holdings, Inc. Series B 10/9/18 $440,268 
Cibus Corp. Series C 2/16/18 $1,525,763 
Cloudflare, Inc. Series D, 8.00% 11/5/14 - 9/10/18 $3,171,632 
Compass, Inc. Series E 11/3/17 $918,041 
ContextLogic, Inc. Series G 10/24/17 $4,675,022 
Dataminr, Inc. Series D 3/6/15 $1,477,738 
Delphix Corp. Series D 7/10/15 $2,185,884 
Generation Bio Series B 2/21/18 $1,006,027 
Immunocore Ltd. Series A 7/27/15 $759,303 
Jet.Com, Inc. Series B1 (Escrow) 3/19/18 $0 
JUUL Labs, Inc. 11/21/17 $0 
JUUL Labs, Inc. Series C 5/22/15 - 7/6/18 $0 
JUUL Labs, Inc. Series D 6/25/18 - 7/6/18 $0 
Malwarebytes Corp. Series B 12/21/15 $3,416,996 
MOD Super Fast Pizza Holdings LLC Series 3 Preferred 11/3/16 - 12/14/17 $3,400,001 
Mulberry Health, Inc. Series A8 1/20/16 $5,495,786 
Neutron Holdings, Inc. Series C 7/3/18 $2,268,276 
Oportun Finance Corp. Series H 2/6/15 $4,348,169 
Peloton Interactive, Inc. Series E 3/31/17 $2,042,989 
Reddit, Inc. Series B 7/26/17 $1,835,324 
Space Exploration Technologies Corp. Class A 4/6/17 - 9/11/17 $2,534,625 
Space Exploration Technologies Corp. Class C 9/11/17 $92,610 
Space Exploration Technologies Corp. Series G 1/20/15 $3,303,669 
Space Exploration Technologies Corp. Series H 8/4/17 $856,980 
Starry, Inc. Series C 12/8/17 $1,362,257 
Sweetgreen, Inc. Series H 11/9/18 $9,455,826 
Taboola.Com Ltd. Series E 12/22/14 $3,022,928 
Tanium, Inc. Class B 4/21/17 $749,609 
The Honest Co., Inc. 8/21/14 $1,937,546 
The Honest Co., Inc. Series C 8/21/14 $4,520,923 
The Honest Co., Inc. Series D 8/3/15 $1,267,963 
The Honest Co., Inc. Series E 9/28/17 $2,804,643 
Topgolf International, Inc. Series F 11/10/17 $1,468,993 
Tory Burch LLC 5/14/15 $7,721,428 
Uber Technologies, Inc. Series D, 8.00% 6/6/14 $39,619,585 
Uber Technologies, Inc. Series E, 8.00% 12/5/14 $1,565,026 
WME Entertainment Parent, LLC Class A 4/13/16 - 8/16/16 $6,084,079 
YourPeople, Inc. Series C 5/1/15 $3,783,205 

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 
Fidelity Cash Central Fund $321,978 
Fidelity Securities Lending Cash Central Fund 788,811 
Total $1,110,789 

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.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.