NPORT-EX 1 QTLY_2957_20190430.htm

Quarterly Holdings Report
for

Fidelity® Small Cap Growth K6 Fund

April 30, 2019







SCPK6-QTLY-0619
1.9884009.101





Schedule of Investments April 30, 2019 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 94.5%   
 Shares Value 
COMMUNICATION SERVICES - 7.0%   
Diversified Telecommunication Services - 0.4%   
Iridium Communications, Inc. (a) 129,651 $3,560,216 
Entertainment - 1.0%   
World Wrestling Entertainment, Inc. Class A 94,356 7,911,751 
Interactive Media & Services - 2.0%   
ANGI Homeservices, Inc. Class A (a) 224,184 3,896,318 
CarGurus, Inc. Class A (a) 292,917 11,933,439 
  15,829,757 
Media - 2.7%   
Gray Television, Inc. (a) 278,652 6,528,816 
Nexstar Broadcasting Group, Inc. Class A 80,901 9,469,462 
Tegna, Inc. 96,600 1,537,872 
The New York Times Co. Class A 125,953 4,175,342 
  21,711,492 
Wireless Telecommunication Services - 0.9%   
Boingo Wireless, Inc. (a) 181,360 4,124,126 
Shenandoah Telecommunications Co. 82,345 3,403,319 
  7,527,445 
TOTAL COMMUNICATION SERVICES  56,540,661 
CONSUMER DISCRETIONARY - 12.0%   
Diversified Consumer Services - 4.5%   
Arco Platform Ltd. Class A 168,634 5,418,210 
Bright Horizons Family Solutions, Inc. (a) 31,855 4,082,218 
Grand Canyon Education, Inc. (a) 121,310 14,058,616 
Laureate Education, Inc. Class A (a) 361,823 5,695,094 
ServiceMaster Global Holdings, Inc. (a) 136,303 6,682,936 
  35,937,074 
Hotels, Restaurants & Leisure - 1.3%   
Eldorado Resorts, Inc. (a) 60,989 3,011,027 
Planet Fitness, Inc. (a) 96,916 7,336,541 
  10,347,568 
Household Durables - 1.5%   
Helen of Troy Ltd. (a) 37,881 5,454,864 
Skyline Champion Corp. 241,006 5,087,637 
Turtle Beach Corp. (a)(b) 109,292 1,119,150 
  11,661,651 
Internet & Direct Marketing Retail - 1.5%   
Etsy, Inc. (a) 144,322 9,747,508 
Gaia, Inc. Class A (a)(b) 227,375 2,405,628 
  12,153,136 
Leisure Products - 0.2%   
OneSpaWorld Holdings Ltd. (a)(b) 135,259 1,836,817 
Multiline Retail - 0.4%   
Ollie's Bargain Outlet Holdings, Inc. (a) 31,861 3,047,186 
Specialty Retail - 1.9%   
Five Below, Inc. (a) 51,650 7,561,044 
The Children's Place Retail Stores, Inc. (b) 71,778 8,097,994 
  15,659,038 
Textiles, Apparel & Luxury Goods - 0.7%   
Columbia Sportswear Co. 13,719 1,371,488 
Deckers Outdoor Corp. (a) 26,384 4,174,213 
  5,545,701 
TOTAL CONSUMER DISCRETIONARY  96,188,171 
CONSUMER STAPLES - 4.0%   
Food & Staples Retailing - 1.9%   
BJ's Wholesale Club Holdings, Inc. 277,464 7,866,104 
Performance Food Group Co. (a) 182,273 7,464,079 
  15,330,183 
Food Products - 1.7%   
Darling International, Inc. (a) 98,301 2,143,945 
Freshpet, Inc. (a) 45,817 2,046,187 
Nomad Foods Ltd. (a) 187,550 3,901,040 
Post Holdings, Inc. (a) 46,966 5,296,825 
  13,387,997 
Household Products - 0.4%   
Central Garden & Pet Co. (a) 78,556 2,119,441 
Central Garden & Pet Co. Class A (non-vtg.) (a) 61,950 1,516,536 
  3,635,977 
TOTAL CONSUMER STAPLES  32,354,157 
ENERGY - 0.8%   
Oil, Gas & Consumable Fuels - 0.8%   
Kosmos Energy Ltd. 296,542 1,983,866 
PDC Energy, Inc. (a) 57,020 2,479,800 
Renewable Energy Group, Inc. (a) 66,686 1,608,466 
  6,072,132 
FINANCIALS - 7.6%   
Banks - 1.3%   
First Citizens Bancshares, Inc. 15,855 7,107,004 
Popular, Inc. 53,644 3,095,795 
  10,202,799 
Capital Markets - 2.3%   
Apollo Global Management LLC Class A 85,558 2,796,891 
Hamilton Lane, Inc. Class A 45,500 2,223,130 
LPL Financial 89,804 6,653,578 
Morningstar, Inc. 48,611 6,973,248 
  18,646,847 
Consumer Finance - 0.8%   
First Cash Financial Services, Inc. 66,029 6,449,713 
Insurance - 1.5%   
eHealth, Inc. (a) 36,014 2,187,490 
Enstar Group Ltd. (a) 15,652 2,774,474 
Primerica, Inc. 55,764 7,265,492 
  12,227,456 
Thrifts & Mortgage Finance - 1.7%   
Essent Group Ltd. (a) 116,154 5,511,507 
LendingTree, Inc. (a)(b) 20,886 8,037,351 
  13,548,858 
TOTAL FINANCIALS  61,075,673 
HEALTH CARE - 23.3%   
Biotechnology - 9.2%   
Abeona Therapeutics, Inc. (a) 113,452 873,580 
Acceleron Pharma, Inc. (a) 89,319 3,637,963 
Acorda Therapeutics, Inc. (a) 57,104 596,737 
Aduro Biotech, Inc. (a) 123,887 506,698 
Alder Biopharmaceuticals, Inc. (a) 191,520 2,602,757 
Allakos, Inc. (a) 36,716 1,439,634 
AnaptysBio, Inc. (a) 35,192 2,559,162 
Arena Pharmaceuticals, Inc. (a) 52,341 2,394,601 
Argenx SE ADR (a) 41,447 5,308,117 
Array BioPharma, Inc. (a) 285,358 6,451,944 
Ascendis Pharma A/S sponsored ADR (a) 66,541 7,411,337 
Atara Biotherapeutics, Inc. (a) 76,502 2,570,467 
Audentes Therapeutics, Inc. (a) 67,459 2,549,276 
Blueprint Medicines Corp. (a) 47,716 3,607,807 
Crinetics Pharmaceuticals, Inc. (a) 41,309 1,071,969 
FibroGen, Inc. (a) 101,479 4,742,114 
Five Prime Therapeutics, Inc. (a) 41,235 456,884 
Global Blood Therapeutics, Inc. (a) 95,252 5,276,961 
Gritstone Oncology, Inc. 110,772 1,164,214 
Heron Therapeutics, Inc. (a) 114,702 2,486,739 
Immunomedics, Inc. (a) 145,754 2,334,979 
Kezar Life Sciences, Inc. 47,309 892,721 
Mirati Therapeutics, Inc. (a) 42,664 2,538,081 
Morphosys AG (a) 21,385 2,120,311 
Sarepta Therapeutics, Inc. (a) 37,811 4,421,618 
Savara, Inc. (a) 58,779 627,760 
Spark Therapeutics, Inc. (a) 33,654 3,590,545 
  74,234,976 
Health Care Equipment & Supplies - 7.4%   
Axonics Modulation Technologies, Inc. (a) 103,897 2,098,719 
Cerus Corp. (a) 97,662 598,668 
CONMED Corp. 46,934 3,756,128 
Glaukos Corp. (a) 47,793 3,447,309 
Hill-Rom Holdings, Inc. 60,012 6,086,417 
Insulet Corp. (a) 109,667 9,458,779 
Integer Holdings Corp. (a) 152,282 10,521,163 
Integra LifeSciences Holdings Corp. (a) 43,866 2,289,367 
iRhythm Technologies, Inc. (a) 46,460 3,545,363 
Masimo Corp. (a) 64,693 8,419,794 
Merit Medical Systems, Inc. (a) 77,141 4,333,781 
Novocure Ltd. (a) 62,605 2,759,002 
Quanterix Corp. (a) 88,850 2,018,672 
  59,333,162 
Health Care Providers & Services - 2.8%   
Chemed Corp. 13,663 4,464,795 
G1 Therapeutics, Inc. (a) 91,275 1,953,285 
LHC Group, Inc. (a) 53,329 5,925,385 
Molina Healthcare, Inc. (a) 77,131 9,998,492 
  22,341,957 
Health Care Technology - 1.3%   
HMS Holdings Corp. (a) 189,092 5,754,070 
HTG Molecular Diagnostics (a) 67,026 167,565 
Inovalon Holdings, Inc. Class A (a) 362,666 4,906,871 
  10,828,506 
Life Sciences Tools & Services - 0.9%   
ICON PLC (a) 50,233 6,860,823 
Pharmaceuticals - 1.7%   
GW Pharmaceuticals PLC ADR (a)(b) 7,283 1,233,085 
Horizon Pharma PLC (a) 145,138 3,705,373 
InflaRx NV (a) 59,254 2,731,017 
The Medicines Company (a) 55,504 1,773,353 
Theravance Biopharma, Inc. (a) 42,628 1,016,678 
Turning Point Therapeutics, Inc. 11,200 389,760 
Xeris Pharmaceuticals, Inc. 68,368 697,354 
Zogenix, Inc. (a) 48,802 1,902,790 
  13,449,410 
TOTAL HEALTH CARE  187,048,834 
INDUSTRIALS - 14.8%   
Aerospace & Defense - 2.4%   
HEICO Corp. Class A 66,288 5,928,136 
Moog, Inc. Class A 85,172 7,975,506 
Teledyne Technologies, Inc. (a) 20,890 5,191,374 
  19,095,016 
Air Freight & Logistics - 0.3%   
Forward Air Corp. 44,726 2,832,050 
Airlines - 0.8%   
SkyWest, Inc. 42,054 2,590,106 
Spirit Airlines, Inc. (a) 70,700 3,844,666 
  6,434,772 
Commercial Services & Supplies - 0.8%   
Copart, Inc. (a) 94,289 6,347,535 
Construction & Engineering - 2.6%   
Argan, Inc. 116,590 5,575,334 
Jacobs Engineering Group, Inc. 109,026 8,497,486 
MasTec, Inc. (a) 130,012 6,585,108 
  20,657,928 
Electrical Equipment - 0.7%   
Generac Holdings, Inc. (a) 103,211 5,675,573 
Industrial Conglomerates - 0.7%   
ITT, Inc. 97,757 5,919,186 
Machinery - 2.7%   
AGCO Corp. 64,524 4,567,009 
Allison Transmission Holdings, Inc. 113,904 5,337,541 
Luxfer Holdings PLC sponsored 149,435 3,587,934 
Toro Co. 51,859 3,793,486 
Woodward, Inc. 42,760 4,656,564 
  21,942,534 
Marine - 0.3%   
SITC International Holdings Co. Ltd. 1,990,000 2,113,081 
Professional Services - 2.8%   
Asgn, Inc. (a) 76,321 4,811,276 
CBIZ, Inc. (a) 31,435 607,010 
Exponent, Inc. 99,184 5,615,798 
FTI Consulting, Inc. (a) 61,220 5,202,476 
Insperity, Inc. 52,787 6,311,214 
  22,547,774 
Road & Rail - 0.7%   
Genesee & Wyoming, Inc. Class A (a) 60,653 5,376,888 
TOTAL INDUSTRIALS  118,942,337 
INFORMATION TECHNOLOGY - 21.0%   
Electronic Equipment & Components - 2.2%   
Fabrinet (a) 99,135 5,999,650 
SYNNEX Corp. 35,044 3,780,547 
Zebra Technologies Corp. Class A (a) 38,102 8,044,856 
  17,825,053 
IT Services - 6.6%   
Booz Allen Hamilton Holding Corp. Class A 44,000 2,608,760 
Elastic NV (b) 50,200 4,294,610 
EPAM Systems, Inc. (a) 19,908 3,570,699 
Euronet Worldwide, Inc. (a) 35,460 5,315,099 
EVO Payments, Inc. Class A 48,898 1,452,760 
GoDaddy, Inc. (a) 49,260 4,014,690 
Interxion Holding N.V. (a) 37,722 2,609,985 
MongoDB, Inc. Class A (a)(b) 23,900 3,367,988 
Okta, Inc. (a) 33,610 3,496,448 
Verra Mobility Corp. (a) 1,236,982 16,723,997 
WEX, Inc. (a) 25,540 5,371,062 
  52,826,098 
Semiconductors & Semiconductor Equipment - 1.3%   
Entegris, Inc. 254,250 10,388,655 
Software - 10.9%   
2U, Inc. (a) 89,270 5,400,835 
Black Knight, Inc. (a) 80,184 4,523,981 
Cardlytics, Inc. (a) 370,366 5,777,710 
Cornerstone OnDemand, Inc. (a) 73,188 3,999,724 
DocuSign, Inc. 46 2,607 
Everbridge, Inc. (a) 44,580 3,294,016 
Five9, Inc. (a) 132,236 7,017,765 
HubSpot, Inc. (a) 59,533 10,983,243 
Lightspeed POS, Inc. (a) 184,700 3,445,289 
Mimecast Ltd. (a) 32,300 1,663,773 
New Relic, Inc. (a) 19,159 2,016,293 
Pivotal Software, Inc. 98,600 2,139,620 
Pluralsight, Inc. 266,255 9,449,390 
PROS Holdings, Inc. (a) 86,086 4,411,047 
RingCentral, Inc. (a) 57,733 6,718,389 
ShotSpotter, Inc. (a)(b) 50,347 2,653,287 
SurveyMonkey 103,664 1,855,586 
The Trade Desk, Inc. (a) 37,933 8,401,401 
Workiva, Inc. (a) 43,800 2,327,532 
Zuora, Inc. 78,468 1,734,143 
  87,815,631 
TOTAL INFORMATION TECHNOLOGY  168,855,437 
MATERIALS - 2.3%   
Chemicals - 1.6%   
Olin Corp. 220,273 4,777,721 
Orion Engineered Carbons SA 213,135 4,320,246 
The Chemours Co. LLC 109,316 3,936,469 
  13,034,436 
Containers & Packaging - 0.7%   
Aptargroup, Inc. 28,505 3,170,896 
Avery Dennison Corp. 16,936 1,873,968 
  5,044,864 
Paper & Forest Products - 0.0%   
Quintis Ltd. (a)(c) 928,453 
TOTAL MATERIALS  18,079,307 
REAL ESTATE - 1.7%   
Equity Real Estate Investment Trusts (REITs) - 1.7%   
Americold Realty Trust 173,200 5,544,132 
Store Capital Corp. 108,107 3,602,125 
Terreno Realty Corp. 96,323 4,300,822 
  13,447,079 
UTILITIES - 0.0%   
Independent Power and Renewable Electricity Producers - 0.0%   
Bloom Energy Corp. Class A (b) 28,220 384,356 
TOTAL COMMON STOCKS   
(Cost $651,132,908)  758,988,144 
Convertible Preferred Stocks - 0.7%   
INFORMATION TECHNOLOGY - 0.7%   
Software - 0.7%   
Compass, Inc.:   
Series E (a)(c)(d) 16,661 1,975,495 
Series F (c)(d) 27,147 3,218,820 
TOTAL CONVERTIBLE PREFERRED STOCKS   
(Cost $4,343,074)  5,194,315 
Money Market Funds - 7.0%   
Fidelity Cash Central Fund, 2.49% (e) 37,562,814 37,570,326 
Fidelity Securities Lending Cash Central Fund 2.49%(e)(f) 18,677,074 18,678,941 
TOTAL MONEY MARKET FUNDS   
(Cost $56,248,880)  56,249,267 
TOTAL INVESTMENT IN SECURITIES - 102.2%   
(Cost $711,724,862)  820,431,726 
NET OTHER ASSETS (LIABILITIES) - (2.2)%  (17,424,183) 
NET ASSETS - 100%  $803,007,543 

Legend

 (a) Non-income producing

 (b) Security or a portion of the security is on loan at period end.

 (c) Level 3 security

 (d) 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 $5,194,315 or 0.6% of net assets.

 (e) 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.

 (f) Investment made with cash collateral received from securities on loan.

Additional information on each restricted holding is as follows:

Security Acquisition Date Acquisition Cost 
Compass, Inc. Series E 11/3/17 $1,124,254 
Compass, Inc. Series F 10/22/18 $3,218,820 

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 $374,406 
Fidelity Securities Lending Cash Central Fund $198,392 
Total $572,798 

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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