NPORT-EX 2 QTLY_312_20191031.htm

Quarterly Holdings Report
for

Fidelity® Blue Chip Growth Fund

October 31, 2019







BCF-QTLY-1219
1.809076.116





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 
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 
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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