Quarterly Holdings Report
for
Fidelity® Blue Chip Growth Fund
October 31, 2019
Schedule of Investments October 31, 2019 (Unaudited)
Showing Percentage of Net Assets
| Common Stocks - 97.1% | |||
| Shares | Value (000s) | ||
| COMMUNICATION SERVICES - 16.9% | |||
| Entertainment - 3.9% | |||
| Activision Blizzard, Inc. | 3,881,338 | $217,471 | |
| Netflix, Inc. (a) | 1,307,975 | 375,925 | |
| Nintendo Co. Ltd. | 56,760 | 20,819 | |
| Nintendo Co. Ltd. ADR | 194,391 | 9,043 | |
| Sea Ltd. ADR (a)(b) | 3,574,208 | 106,368 | |
| Take-Two Interactive Software, Inc. (a) | 252,457 | 30,383 | |
| The Walt Disney Co. | 2,198,401 | 285,616 | |
| Ubisoft Entertainment SA (a) | 54,900 | 3,242 | |
| WME Entertainment Parent, LLC Class A (a)(c)(d)(e) | 9,962,399 | 23,611 | |
| 1,072,478 | |||
| Interactive Media & Services - 12.7% | |||
| Alphabet, Inc.: | |||
| Class A (a) | 1,566,418 | 1,971,811 | |
| Class C (a) | 87,715 | 110,531 | |
| CarGurus, Inc. Class A (a) | 626,051 | 21,029 | |
| Facebook, Inc. Class A (a) | 6,019,861 | 1,153,706 | |
| Match Group, Inc. (b) | 697,561 | 50,915 | |
| Snap, Inc. Class A (a)(b) | 2,462,203 | 37,081 | |
| Tencent Holdings Ltd. | 3,052,300 | 123,810 | |
| 3,468,883 | |||
| Media - 0.1% | |||
| Sinclair Broadcast Group, Inc. Class A | 319,041 | 12,711 | |
| Wireless Telecommunication Services - 0.2% | |||
| T-Mobile U.S., Inc. (a) | 736,274 | 60,860 | |
| TOTAL COMMUNICATION SERVICES | 4,614,932 | ||
| CONSUMER DISCRETIONARY - 23.0% | |||
| Auto Components - 0.0% | |||
| Lear Corp. | 67,500 | 7,949 | |
| Automobiles - 1.7% | |||
| Ferrari NV | 34,659 | 5,550 | |
| Tesla, Inc. (a)(b) | 1,454,681 | 458,108 | |
| 463,658 | |||
| Diversified Consumer Services - 0.0% | |||
| Afya Ltd. | 444,563 | 12,003 | |
| Hotels, Restaurants & Leisure - 2.3% | |||
| Chipotle Mexican Grill, Inc. (a) | 73,479 | 57,178 | |
| Churchill Downs, Inc. | 137,678 | 17,897 | |
| Eldorado Resorts, Inc. (a) | 1,209,372 | 54,144 | |
| Kambi Group PLC (a) | 621,057 | 10,259 | |
| MGM Mirage, Inc. | 382,892 | 10,912 | |
| Penn National Gaming, Inc. (a) | 1,397,717 | 29,792 | |
| Planet Fitness, Inc. (a) | 976,797 | 62,183 | |
| Restaurant Brands International, Inc. | 1,496,814 | 97,928 | |
| Royal Caribbean Cruises Ltd. | 318,792 | 34,694 | |
| Shake Shack, Inc. Class A (a) | 446,485 | 36,737 | |
| Starbucks Corp. | 1,272,900 | 107,636 | |
| Vail Resorts, Inc. | 115,915 | 26,935 | |
| Wynn Resorts Ltd. | 659,483 | 80,022 | |
| 626,317 | |||
| Household Durables - 0.3% | |||
| D.R. Horton, Inc. | 450,370 | 23,586 | |
| Roku, Inc. Class A (a) | 408,329 | 60,106 | |
| 83,692 | |||
| Internet & Direct Marketing Retail - 10.1% | |||
| Alibaba Group Holding Ltd. sponsored ADR (a) | 1,219,482 | 215,446 | |
| Amazon.com, Inc. (a) | 1,071,357 | 1,903,437 | |
| JD.com, Inc. sponsored ADR (a) | 1,291,604 | 40,233 | |
| MercadoLibre, Inc. (a) | 125,687 | 65,548 | |
| Ocado Group PLC (a) | 561,714 | 9,670 | |
| Pinduoduo, Inc. ADR (a)(b) | 3,293,014 | 134,618 | |
| The Booking Holdings, Inc. (a) | 120,766 | 247,422 | |
| The Honest Co., Inc. (a)(d)(e) | 150,143 | 2,203 | |
| The RealReal, Inc. (b) | 3,571,247 | 82,532 | |
| Wayfair LLC Class A (a) | 605,781 | 49,813 | |
| 2,750,922 | |||
| Leisure Products - 0.1% | |||
| Peloton Interactive, Inc. | 1,341,716 | 28,824 | |
| Multiline Retail - 1.4% | |||
| Dollar General Corp. | 185,138 | 29,685 | |
| Dollar Tree, Inc. (a) | 2,317,934 | 255,900 | |
| Dollarama, Inc. | 508,001 | 17,090 | |
| Ollie's Bargain Outlet Holdings, Inc. (a) | 347,594 | 22,204 | |
| Target Corp. | 395,176 | 42,248 | |
| 367,127 | |||
| Specialty Retail - 3.9% | |||
| American Eagle Outfitters, Inc. | 1,614,927 | 24,838 | |
| Best Buy Co., Inc. | 37,700 | 2,708 | |
| Burlington Stores, Inc. (a) | 395,215 | 75,948 | |
| Carvana Co. Class A (a)(b) | 1,021,254 | 82,803 | |
| Five Below, Inc. (a) | 386,803 | 48,393 | |
| Floor & Decor Holdings, Inc. Class A (a) | 1,197,281 | 54,871 | |
| Lowe's Companies, Inc. | 2,786,653 | 311,018 | |
| RH (a)(b) | 612,702 | 111,328 | |
| The Children's Place Retail Stores, Inc. | 95,859 | 7,852 | |
| The Home Depot, Inc. | 1,283,039 | 300,975 | |
| TJX Companies, Inc. | 656,076 | 37,823 | |
| Urban Outfitters, Inc. (a) | 217,867 | 6,253 | |
| 1,064,810 | |||
| Textiles, Apparel & Luxury Goods - 3.2% | |||
| adidas AG | 301,809 | 93,190 | |
| Allbirds, Inc. (a)(d)(e) | 36,216 | 1,795 | |
| Burberry Group PLC | 202,141 | 5,352 | |
| Capri Holdings Ltd. (a) | 381,833 | 11,864 | |
| Crocs, Inc. (a) | 1,137,241 | 39,792 | |
| Deckers Outdoor Corp. (a) | 112,542 | 17,208 | |
| lululemon athletica, Inc. (a) | 1,405,518 | 287,105 | |
| LVMH Moet Hennessy Louis Vuitton SE | 96,037 | 41,013 | |
| Moncler SpA | 862,163 | 33,213 | |
| NIKE, Inc. Class B | 2,788,058 | 249,671 | |
| PVH Corp. | 687,331 | 59,908 | |
| Tory Burch LLC (a)(c)(d)(e) | 293,611 | 17,808 | |
| 857,919 | |||
| TOTAL CONSUMER DISCRETIONARY | 6,263,221 | ||
| CONSUMER STAPLES - 2.4% | |||
| Beverages - 0.3% | |||
| Budweiser Brewing Co. APAC Ltd. (a)(f) | 3,389,400 | 12,306 | |
| Fever-Tree Drinks PLC | 1,123,860 | 27,078 | |
| Monster Beverage Corp. (a) | 638,043 | 35,813 | |
| 75,197 | |||
| Food & Staples Retailing - 1.0% | |||
| BJ's Wholesale Club Holdings, Inc. (a) | 2,621,215 | 69,986 | |
| Costco Wholesale Corp. | 485,638 | 144,288 | |
| Grocery Outlet Holding Corp. | 503,627 | 16,066 | |
| Walmart, Inc. | 295,854 | 34,692 | |
| 265,032 | |||
| Food Products - 0.1% | |||
| Campbell Soup Co. (b) | 230,202 | 10,661 | |
| JBS SA | 525,100 | 3,704 | |
| Nestle SA (Reg. S) | 101,954 | 10,907 | |
| Tyson Foods, Inc. Class A | 226,482 | 18,750 | |
| 44,022 | |||
| Household Products - 0.0% | |||
| Energizer Holdings, Inc. | 346,604 | 14,727 | |
| Personal Products - 0.2% | |||
| Estee Lauder Companies, Inc. Class A | 266,983 | 49,731 | |
| Herbalife Nutrition Ltd. (a) | 60,300 | 2,694 | |
| 52,425 | |||
| Tobacco - 0.8% | |||
| Altria Group, Inc. | 4,609,918 | 206,478 | |
| JUUL Labs, Inc.: | |||
| Class A (a)(d)(e) | 21,148 | 2,917 | |
| Class B (a)(d)(e) | 6,625 | 914 | |
| 210,309 | |||
| TOTAL CONSUMER STAPLES | 661,712 | ||
| ENERGY - 0.5% | |||
| Oil, Gas & Consumable Fuels - 0.5% | |||
| Hess Corp. | 330,029 | 21,699 | |
| Reliance Industries Ltd. | 5,727,438 | 117,965 | |
| 139,664 | |||
| FINANCIALS - 1.1% | |||
| Banks - 0.5% | |||
| Bank of America Corp. | 2,200,390 | 68,806 | |
| Citigroup, Inc. | 333,500 | 23,965 | |
| IndusInd Bank Ltd. | 184,465 | 3,410 | |
| Kotak Mahindra Bank Ltd. | 900,886 | 19,967 | |
| Wells Fargo & Co. | 161,446 | 8,335 | |
| 124,483 | |||
| Capital Markets - 0.2% | |||
| HDFC Asset Management Co. Ltd. (f) | 1,726 | 73 | |
| London Stock Exchange Group PLC | 163,742 | 14,756 | |
| Moody's Corp. | 76,806 | 16,950 | |
| MSCI, Inc. | 144,987 | 34,008 | |
| 65,787 | |||
| Consumer Finance - 0.0% | |||
| Oportun Finance Corp. | 322,920 | 4,685 | |
| Insurance - 0.2% | |||
| eHealth, Inc. (a) | 679,778 | 46,932 | |
| Thrifts & Mortgage Finance - 0.2% | |||
| Housing Development Finance Corp. Ltd. | 697,722 | 20,925 | |
| LendingTree, Inc. (a)(b) | 114,862 | 41,333 | |
| 62,258 | |||
| TOTAL FINANCIALS | 304,145 | ||
| HEALTH CARE - 11.1% | |||
| Biotechnology - 3.9% | |||
| AbbVie, Inc. | 1,550,658 | 123,355 | |
| ACADIA Pharmaceuticals, Inc. (a) | 250,911 | 10,641 | |
| Acceleron Pharma, Inc. (a) | 361,138 | 16,204 | |
| Agios Pharmaceuticals, Inc. (a) | 288,335 | 8,673 | |
| Aimmune Therapeutics, Inc. (a)(b) | 640,637 | 17,823 | |
| Alexion Pharmaceuticals, Inc. (a) | 1,492,062 | 157,263 | |
| Allakos, Inc. (a) | 150,229 | 10,306 | |
| Alnylam Pharmaceuticals, Inc. (a) | 795,750 | 69,023 | |
| AnaptysBio, Inc. (a) | 174,445 | 6,580 | |
| Argenx SE ADR (a) | 44,916 | 5,500 | |
| Ascendis Pharma A/S sponsored ADR (a) | 394,759 | 43,652 | |
| Axcella Health, Inc. | 296,218 | 1,551 | |
| BeiGene Ltd. (a) | 578,000 | 6,141 | |
| BeiGene Ltd. ADR (a) | 134,426 | 18,596 | |
| BioNTech SE ADR (a) | 262,282 | 4,412 | |
| bluebird bio, Inc. (a) | 308,787 | 25,012 | |
| Blueprint Medicines Corp. (a) | 119,601 | 8,233 | |
| Bridgebio Pharma, Inc. | 157,585 | 3,563 | |
| Cibus Corp. Series C (a)(c)(d)(e) | 4,762,240 | 7,239 | |
| Coherus BioSciences, Inc. (a) | 562,153 | 9,765 | |
| Crinetics Pharmaceuticals, Inc. (a) | 320,794 | 5,649 | |
| CytomX Therapeutics, Inc. (a)(f) | 378,621 | 2,321 | |
| FibroGen, Inc. (a) | 429,312 | 16,808 | |
| Global Blood Therapeutics, Inc. (a) | 627,413 | 30,084 | |
| Intercept Pharmaceuticals, Inc. (a) | 316,874 | 23,062 | |
| Ionis Pharmaceuticals, Inc. (a) | 152,754 | 8,511 | |
| Morphic Holding, Inc. | 182,958 | 2,561 | |
| Natera, Inc. (a) | 795,055 | 30,626 | |
| Neurocrine Biosciences, Inc. (a) | 528,157 | 52,546 | |
| Principia Biopharma, Inc. (a) | 188,260 | 6,647 | |
| Sage Therapeutics, Inc. (a) | 464,190 | 62,967 | |
| Sarepta Therapeutics, Inc. (a) | 496,306 | 41,223 | |
| Scholar Rock Holding Corp. (a) | 160,836 | 1,488 | |
| Seattle Genetics, Inc. (a) | 32,300 | 3,469 | |
| The Medicines Company (a) | 550,427 | 28,892 | |
| Turning Point Therapeutics, Inc. | 539,516 | 20,696 | |
| Vertex Pharmaceuticals, Inc. (a) | 645,890 | 126,259 | |
| Xencor, Inc. (a) | 403,305 | 13,797 | |
| Zai Lab Ltd. ADR (a) | 489,987 | 16,557 | |
| 1,047,695 | |||
| Health Care Equipment & Supplies - 3.2% | |||
| Axonics Modulation Technologies, Inc. (a)(b) | 297,689 | 7,359 | |
| Becton, Dickinson & Co. | 118,318 | 30,289 | |
| Boston Scientific Corp. (a) | 7,494,577 | 312,524 | |
| Danaher Corp. | 428,780 | 59,094 | |
| DexCom, Inc. (a) | 360,813 | 55,652 | |
| Edwards Lifesciences Corp. (a) | 70,600 | 16,830 | |
| InMode Ltd. (a)(b) | 120,516 | 3,707 | |
| Insulet Corp. (a) | 310,191 | 45,077 | |
| Intuitive Surgical, Inc. (a) | 497,569 | 275,131 | |
| Novocure Ltd. (a) | 222,163 | 15,916 | |
| Shockwave Medical, Inc. (a) | 665,390 | 22,637 | |
| Tandem Diabetes Care, Inc. (a) | 417,398 | 25,703 | |
| TransMedics Group, Inc. | 347,581 | 6,236 | |
| 876,155 | |||
| Health Care Providers & Services - 1.8% | |||
| Guardant Health, Inc. (b) | 294,827 | 20,490 | |
| Humana, Inc. | 192,739 | 56,704 | |
| Notre Dame Intermedica Participacoes SA | 989,000 | 14,796 | |
| UnitedHealth Group, Inc. | 1,553,133 | 392,477 | |
| 484,467 | |||
| Health Care Technology - 0.0% | |||
| Livongo Health, Inc. (b) | 60,494 | 1,306 | |
| Phreesia, Inc. | 256,044 | 7,587 | |
| 8,893 | |||
| Life Sciences Tools & Services - 0.6% | |||
| 10X Genomics, Inc. (a) | 190,264 | 11,035 | |
| Adaptive Biotechnologies Corp. (b) | 104,856 | 2,733 | |
| IQVIA Holdings, Inc. (a) | 123,172 | 17,789 | |
| Thermo Fisher Scientific, Inc. | 434,931 | 131,340 | |
| 162,897 | |||
| Pharmaceuticals - 1.6% | |||
| Akcea Therapeutics, Inc. (a) | 170,948 | 3,133 | |
| AstraZeneca PLC sponsored ADR | 2,506,569 | 122,897 | |
| Bristol-Myers Squibb Co. | 1,993,595 | 114,373 | |
| Chiasma, Inc. warrants 12/16/24 (a) | 55,391 | 86 | |
| Hansoh Pharmaceutical Group Co. Ltd. (f) | 3,122,000 | 9,485 | |
| Horizon Pharma PLC (a) | 183,356 | 5,301 | |
| Merck & Co., Inc. | 128,623 | 11,146 | |
| MyoKardia, Inc. (a) | 95,612 | 5,481 | |
| Nektar Therapeutics (a) | 864,157 | 14,799 | |
| OptiNose, Inc. (a)(b) | 723,386 | 5,657 | |
| Roche Holding AG (participation certificate) | 57,885 | 17,421 | |
| Zoetis, Inc. Class A | 993,111 | 127,039 | |
| Zogenix, Inc. (a) | 170,453 | 7,611 | |
| 444,429 | |||
| TOTAL HEALTH CARE | 3,024,536 | ||
| INDUSTRIALS - 5.5% | |||
| Aerospace & Defense - 1.5% | |||
| Elbit Systems Ltd. | 48,500 | 7,950 | |
| General Dynamics Corp. | 92,272 | 16,314 | |
| Lockheed Martin Corp. | 495,954 | 186,816 | |
| Northrop Grumman Corp. | 167,967 | 59,205 | |
| Space Exploration Technologies Corp.: | |||
| Class A (a)(d)(e) | 242,545 | 51,905 | |
| Class C (a)(d)(e) | 2,783 | 596 | |
| The Boeing Co. | 266,104 | 90,451 | |
| United Technologies Corp. | 38,500 | 5,528 | |
| 418,765 | |||
| Airlines - 0.3% | |||
| Spirit Airlines, Inc. (a) | 1,886,174 | 70,845 | |
| Commercial Services & Supplies - 0.1% | |||
| HomeServe PLC | 1,467,078 | 22,025 | |
| Industrial Conglomerates - 1.4% | |||
| General Electric Co. | 32,290,597 | 322,260 | |
| Honeywell International, Inc. | 394,961 | 68,222 | |
| 390,482 | |||
| Machinery - 0.1% | |||
| Fanuc Corp. | 27,600 | 5,444 | |
| Fortive Corp. | 151,000 | 10,419 | |
| Rational AG | 14,536 | 11,065 | |
| 26,928 | |||
| Professional Services - 0.1% | |||
| Equifax, Inc. | 152,520 | 20,851 | |
| Road & Rail - 2.0% | |||
| Knight-Swift Transportation Holdings, Inc. Class A | 1,682,442 | 61,342 | |
| Lyft, Inc. (b) | 7,692,288 | 318,768 | |
| Uber Technologies, Inc. | 5,209,654 | 162,463 | |
| 542,573 | |||
| TOTAL INDUSTRIALS | 1,492,469 | ||
| INFORMATION TECHNOLOGY - 36.3% | |||
| Electronic Equipment & Components - 0.1% | |||
| Coherent, Inc. (a) | 80,632 | 12,008 | |
| Flextronics International Ltd. (a) | 926,300 | 10,884 | |
| 22,892 | |||
| IT Services - 7.1% | |||
| Akamai Technologies, Inc. (a) | 695,753 | 60,183 | |
| Black Knight, Inc. (a) | 432,934 | 27,794 | |
| Endava PLC ADR (a) | 283,845 | 12,208 | |
| Fidelity National Information Services, Inc. | 199,483 | 26,284 | |
| Fiserv, Inc. (a) | 103,753 | 11,012 | |
| GDS Holdings Ltd. ADR (a)(b) | 164,563 | 6,859 | |
| MasterCard, Inc. Class A | 1,896,766 | 525,044 | |
| MongoDB, Inc. Class A (a) | 161,581 | 20,645 | |
| Okta, Inc. (a) | 663,069 | 72,321 | |
| PagSeguro Digital Ltd. (a) | 948,981 | 35,188 | |
| PayPal Holdings, Inc. (a) | 2,543,737 | 264,803 | |
| Riskified Ltd. warrants (a)(d)(e) | 3,105 | 0 | |
| Shopify, Inc. Class A (a) | 276,052 | 86,561 | |
| Twilio, Inc. Class A (a)(b) | 513,862 | 49,619 | |
| Visa, Inc. Class A | 3,949,707 | 706,445 | |
| Wix.com Ltd. (a) | 256,735 | 31,340 | |
| 1,936,306 | |||
| Semiconductors & Semiconductor Equipment - 10.0% | |||
| Advanced Micro Devices, Inc. (a) | 3,502,336 | 118,834 | |
| Applied Materials, Inc. | 496,402 | 26,935 | |
| ASML Holding NV | 105,632 | 27,672 | |
| Inphi Corp. (a) | 573,626 | 41,232 | |
| Lam Research Corp. | 659,053 | 178,630 | |
| Marvell Technology Group Ltd. | 26,148,815 | 637,770 | |
| Microchip Technology, Inc. | 170,582 | 16,084 | |
| Micron Technology, Inc. (a) | 4,713,303 | 224,118 | |
| Monolithic Power Systems, Inc. | 198,215 | 29,716 | |
| NVIDIA Corp. | 3,002,989 | 603,661 | |
| NXP Semiconductors NV | 3,076,044 | 349,685 | |
| Qorvo, Inc. (a) | 150,535 | 12,172 | |
| Qualcomm, Inc. | 4,947,076 | 397,943 | |
| SolarEdge Technologies, Inc. (a) | 152,300 | 12,939 | |
| Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 379,869 | 19,613 | |
| Universal Display Corp. | 103,937 | 20,806 | |
| 2,717,810 | |||
| Software - 11.9% | |||
| Adobe, Inc. (a) | 1,096,904 | 304,863 | |
| Atlassian Corp. PLC (a) | 109,879 | 13,272 | |
| Atom Tickets LLC (a)(c)(d)(e) | 1,204,239 | 1,782 | |
| Cloudflare, Inc. | 1,160,525 | 17,589 | |
| Coupa Software, Inc. (a) | 198,464 | 27,287 | |
| Elastic NV | 617,211 | 44,445 | |
| HubSpot, Inc. (a) | 222,291 | 34,477 | |
| Intuit, Inc. | 210,729 | 54,263 | |
| Lightspeed POS, Inc. (a) | 820,286 | 21,399 | |
| LivePerson, Inc. (a) | 483,562 | 19,850 | |
| Microsoft Corp. | 10,818,885 | 1,551,104 | |
| Paycom Software, Inc. (a) | 264,294 | 55,906 | |
| RingCentral, Inc. (a) | 398,134 | 64,307 | |
| Salesforce.com, Inc. (a) | 4,876,737 | 763,161 | |
| ServiceNow, Inc. (a) | 347,225 | 85,855 | |
| Synopsys, Inc. (a) | 83,897 | 11,389 | |
| Tanium, Inc. Class B (a)(d)(e) | 554,900 | 4,678 | |
| The Trade Desk, Inc. (a)(b) | 323,700 | 64,999 | |
| Workday, Inc. Class A (a) | 670,248 | 108,687 | |
| Zendesk, Inc. (a) | 41,200 | 2,911 | |
| 3,252,224 | |||
| Technology Hardware, Storage & Peripherals - 7.2% | |||
| Apple, Inc. | 7,597,327 | 1,889,911 | |
| Western Digital Corp. | 1,286,449 | 66,445 | |
| 1,956,356 | |||
| TOTAL INFORMATION TECHNOLOGY | 9,885,588 | ||
| MATERIALS - 0.1% | |||
| Chemicals - 0.1% | |||
| Livent Corp. | 378,900 | 2,599 | |
| The Chemours Co. LLC | 1,164,913 | 19,116 | |
| 21,715 | |||
| REAL ESTATE - 0.1% | |||
| Equity Real Estate Investment Trusts (REITs) - 0.1% | |||
| Ant International Co. Ltd. Class C (a)(d)(e) | 4,367,660 | 28,739 | |
| Real Estate Management & Development - 0.0% | |||
| Parsvnath Developers Ltd. (a) | 9,944,659 | 351 | |
| Redfin Corp. (a)(b) | 621,119 | 10,801 | |
| 11,152 | |||
| TOTAL REAL ESTATE | 39,891 | ||
| UTILITIES - 0.1% | |||
| Electric Utilities - 0.1% | |||
| NextEra Energy, Inc. | 63,016 | 15,019 | |
| ORSTED A/S (f) | 34,428 | 3,020 | |
| 18,039 | |||
| TOTAL COMMON STOCKS | |||
| (Cost $14,387,520) | 26,465,912 | ||
| Preferred Stocks - 2.8% | |||
| Convertible Preferred Stocks - 2.7% | |||
| CONSUMER DISCRETIONARY - 0.4% | |||
| Hotels, Restaurants & Leisure - 0.2% | |||
| MOD Super Fast Pizza Holdings LLC Series 3 (a)(c)(d)(e) | 100,182 | 14,278 | |
| Neutron Holdings, Inc.: | |||
| Series C (a)(d)(e) | 50,654,200 | 12,284 | |
| Series D (d)(e) | 85,315,542 | 20,689 | |
| Topgolf International, Inc. Series F (a)(d)(e) | 415,730 | 6,452 | |
| 53,703 | |||
| Internet & Direct Marketing Retail - 0.2% | |||
| Reddit, Inc. Series B (a)(d)(e) | 524,232 | 16,104 | |
| The Honest Co., Inc.: | |||
| Series C (a)(d)(e) | 350,333 | 13,540 | |
| Series D (a)(d)(e) | 77,448 | 3,544 | |
| Series E (a)(d)(e) | 551,397 | 10,807 | |
| 43,995 | |||
| Textiles, Apparel & Luxury Goods - 0.0% | |||
| Allbirds, Inc.: | |||
| Series A (d)(e) | 14,293 | 708 | |
| Series B (d)(e) | 2,512 | 124 | |
| Series C (d)(e) | 23,999 | 1,189 | |
| 2,021 | |||
| TOTAL CONSUMER DISCRETIONARY | 99,719 | ||
| CONSUMER STAPLES - 1.7% | |||
| Food & Staples Retailing - 0.3% | |||
| Roofoods Ltd. Series F (a)(d)(e) | 41,941 | 17,527 | |
| Sweetgreen, Inc.: | |||
| Series C (d)(e) | 15,004 | 257 | |
| Series D (d)(e) | 241,354 | 4,127 | |
| Series H (d)(e) | 3,242,523 | 55,447 | |
| Series I (d)(e) | 568,842 | 9,727 | |
| 87,085 | |||
| Food Products - 0.1% | |||
| Agbiome LLC Series C (a)(d)(e) | 1,091,300 | 5,871 | |
| Tobacco - 1.3% | |||
| JUUL Labs, Inc.: | |||
| Series C (a)(d)(e) | 2,570,575 | 354,611 | |
| Series D (a)(d)(e) | 13,822 | 1,907 | |
| Series E (a)(d)(e) | 14,959 | 2,064 | |
| 358,582 | |||
| TOTAL CONSUMER STAPLES | 451,538 | ||
| HEALTH CARE - 0.1% | |||
| Biotechnology - 0.1% | |||
| 23andMe, Inc. Series F (a)(d)(e) | 800,982 | 9,860 | |
| Generation Bio Series B (a)(d)(e) | 460,500 | 4,186 | |
| Immunocore Ltd. Series A (a)(d)(e) | 11,275 | 1,422 | |
| Nuvation Bio, Inc. Series A (d)(e)(g) | 8,221,300 | 6,342 | |
| 21,810 | |||
| Health Care Providers & Services - 0.0% | |||
| Mulberry Health, Inc. Series A-8 (a)(d)(e) | 2,728,716 | 14,489 | |
| Pharmaceuticals - 0.0% | |||
| Castle Creek Pharmaceutical Holdings, Inc. Series B (d)(e) | 3,301 | 1,389 | |
| TOTAL HEALTH CARE | 37,688 | ||
| INDUSTRIALS - 0.1% | |||
| Aerospace & Defense - 0.1% | |||
| Space Exploration Technologies Corp.: | |||
| Series G (a)(d)(e) | 97,277 | 20,817 | |
| Series H (a)(d)(e) | 25,767 | 5,514 | |
| 26,331 | |||
| Professional Services - 0.0% | |||
| YourPeople, Inc. Series C (a)(d)(e) | 692,196 | 2,236 | |
| TOTAL INDUSTRIALS | 28,567 | ||
| INFORMATION TECHNOLOGY - 0.4% | |||
| Internet Software & Services - 0.1% | |||
| ContextLogic, Inc. Series G (a)(d)(e) | 133,922 | 18,022 | |
| Starry, Inc.: | |||
| Series C (a)(d)(e) | 5,833,836 | 8,342 | |
| Series D (d)(e) | 4,312,627 | 6,167 | |
| 32,531 | |||
| IT Services - 0.0% | |||
| AppNexus, Inc. Series E (Escrow) (a)(d)(e) | 646,522 | 624 | |
| Riskified Ltd. Series E (d)(e) | 14,800 | 3,520 | |
| 4,144 | |||
| Software - 0.3% | |||
| Bird Rides, Inc.: | |||
| Series C (d)(e) | 2,114,013 | 27,308 | |
| Series D (d)(e) | 265,200 | 3,426 | |
| Compass, Inc. Series E (a)(d)(e) | 53,263 | 8,416 | |
| Dataminr, Inc. Series D (a)(d)(e) | 277,250 | 4,239 | |
| Delphix Corp. Series D (a)(d)(e) | 675,445 | 5,228 | |
| Jet.Com, Inc. Series B1 (Escrow) (a)(d)(e) | 2,928,086 | 0 | |
| Malwarebytes Corp. Series B (a)(d)(e) | 1,056,193 | 18,029 | |
| Taboola.Com Ltd. Series E (a)(d)(e) | 634,902 | 13,822 | |
| UiPath, Inc.: | |||
| Series A1 (d)(e) | 128,283 | 5,048 | |
| Series B1 (d)(e) | 6,390 | 251 | |
| Series B2 (d)(e) | 31,827 | 1,252 | |
| 87,019 | |||
| TOTAL INFORMATION TECHNOLOGY | 123,694 | ||
| REAL ESTATE - 0.0% | |||
| Real Estate Management & Development - 0.0% | |||
| Sonder Canada, Inc. Series D (d)(e) | 606,719 | 6,368 | |
| TOTAL CONVERTIBLE PREFERRED STOCKS | 747,574 | ||
| Nonconvertible Preferred Stocks - 0.1% | |||
| CONSUMER DISCRETIONARY - 0.0% | |||
| Textiles, Apparel & Luxury Goods - 0.0% | |||
| Allbirds, Inc. (d)(e) | 7,680 | 381 | |
| HEALTH CARE - 0.1% | |||
| Pharmaceuticals - 0.1% | |||
| Castle Creek Pharmaceutical Holdings, Inc. Series A4 (d)(e) | 29,758 | 12,519 | |
| TOTAL NONCONVERTIBLE PREFERRED STOCKS | 12,900 | ||
| TOTAL PREFERRED STOCKS | |||
| (Cost $342,985) | 760,474 | ||
| Money Market Funds - 2.9% | |||
| Fidelity Cash Central Fund 1.83% (h) | 5,707,358 | 5,708 | |
| Fidelity Securities Lending Cash Central Fund 1.84% (h)(i) | 790,421,460 | 790,501 | |
| TOTAL MONEY MARKET FUNDS | |||
| (Cost $796,209) | 796,209 | ||
| TOTAL INVESTMENT IN SECURITIES - 102.8% | |||
| (Cost $15,526,714) | 28,022,595 | ||
| NET OTHER ASSETS (LIABILITIES) - (2.8)% | (773,549) | ||
| NET ASSETS - 100% | $27,249,046 |
Values shown as $0 in the Schedule of Investments may reflect amounts less than $500.
Legend
(a) Non-income producing
(b) Security or a portion of the security is on loan at period end.
(c) Investment is owned by a wholly-owned subsidiary (Subsidiary) that is treated as a corporation for U.S. tax purposes.
(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 $904,661,000 or 3.3% of net assets.
(e) Level 3 security
(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 $27,205,000 or 0.1% of net assets.
(g) Security or a portion of the security purchased on a delayed delivery or when-issued basis.
(h) 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.
(i) 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 | $1,166 |
| Atom Tickets LLC | 8/15/17 | $7,063 |
| Bird Rides, Inc. Series C | 12/21/18 | $24,830 |
| Bird Rides, Inc. Series D | 9/30/19 | $3,426 |
| 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 - 5/10/19 | $8,542 |
| 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) | 3/19/18 | $- |
| JUUL Labs, Inc. Class A | 12/20/17 | $453 |
| JUUL Labs, Inc. Class B | 11/21/17 | $- |
| 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 | $321 |
| Malwarebytes Corp. Series B | 12/21/15 | $10,958 |
| MOD Super Fast Pizza Holdings LLC Series 3 | 11/3/16 - 5/15/19 | $13,938 |
| Mulberry Health, Inc. Series A-8 | 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 |
| Nuvation Bio, Inc. Series A | 6/17/19 | $6,342 |
| Reddit, Inc. Series B | 7/26/17 | $7,442 |
| Riskified Ltd. warrants | 10/28/19 | $- |
| Riskified Ltd. Series E | 10/28/19 | $3,520 |
| Roofoods Ltd. Series F | 9/12/17 | $14,829 |
| Sonder Canada, Inc. Series D | 5/21/19 | $6,368 |
| 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 C | 9/13/19 | $257 |
| Sweetgreen, Inc. Series D | 9/13/19 | $4,127 |
| Sweetgreen, Inc. Series H | 11/9/18 | $42,282 |
| Sweetgreen, Inc. Series I | 9/13/19 | $9,727 |
| 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 | $20,912 |
| UiPath, Inc. Series A1 | 6/14/19 | $5,048 |
| UiPath, Inc. Series B1 | 6/14/19 | $251 |
| UiPath, Inc. Series B2 | 6/14/19 | $1,252 |
| WME Entertainment Parent, LLC Class A | 4/13/16 - 8/16/16 | $18,776 |
| 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 | $29 |
| Fidelity Securities Lending Cash Central Fund | 3,061 |
| Total | $3,090 |
Amounts in the income column in the above table include any capital gain distributions from underlying funds. Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. 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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