NPORT-EX 2 QTLY_2611_20191031.htm

Quarterly Holdings Report
for

Fidelity® Series Blue Chip Growth Fund

October 31, 2019







XS1-QTLY-1219
1.967991.105





Schedule of Investments October 31, 2019 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.2%   
 Shares Value 
COMMUNICATION SERVICES - 16.6%   
Entertainment - 3.8%   
Activision Blizzard, Inc. 863,648 $48,390,197 
Netflix, Inc. (a) 259,924 74,704,757 
Nintendo Co. Ltd. 14,000 5,135,025 
Nintendo Co. Ltd. ADR 48,656 2,263,477 
Sea Ltd. ADR (a) 797,931 23,746,427 
Take-Two Interactive Software, Inc. (a) 51,679 6,219,568 
The Walt Disney Co. 449,945 58,456,854 
Ubisoft Entertainment SA (a) 12,100 714,432 
WME Entertainment Parent, LLC Class A (a)(b)(c)(d) 3,128,633 7,414,860 
  227,045,597 
Interactive Media & Services - 12.6%   
Alphabet, Inc. Class A (a) 347,313 437,197,600 
CarGurus, Inc. Class A (a) 148,463 4,986,872 
Facebook, Inc. Class A (a) 1,340,710 256,947,072 
Match Group, Inc. (e) 156,169 11,398,775 
Snap, Inc. Class A (a)(e) 622,815 9,379,594 
Tencent Holdings Ltd. 534,300 21,672,767 
  741,582,680 
Media - 0.0%   
Sinclair Broadcast Group, Inc. Class A 71,923 2,865,412 
Wireless Telecommunication Services - 0.2%   
T-Mobile U.S., Inc. (a) 140,038 11,575,541 
TOTAL COMMUNICATION SERVICES  983,069,230 
CONSUMER DISCRETIONARY - 22.9%   
Auto Components - 0.0%   
Lear Corp. 14,900 1,754,773 
Automobiles - 1.7%   
Ferrari NV 7,791 1,247,495 
Tesla, Inc. (a)(e) 316,407 99,642,892 
  100,890,387 
Diversified Consumer Services - 0.1%   
Afya Ltd. 101,352 2,736,504 
Hotels, Restaurants & Leisure - 2.3%   
Chipotle Mexican Grill, Inc. (a) 17,042 13,261,403 
Churchill Downs, Inc. 31,752 4,127,442 
Eldorado Resorts, Inc. (a) 302,818 13,557,162 
Kambi Group PLC (a) 139,481 2,304,050 
MGM Mirage, Inc. 83,908 2,391,378 
Penn National Gaming, Inc. (a) 308,900 6,584,204 
Planet Fitness, Inc. (a) 187,448 11,932,940 
Restaurant Brands International, Inc. 315,170 20,619,694 
Royal Caribbean Cruises Ltd. 71,816 7,815,735 
Shake Shack, Inc. Class A (a) 74,230 6,107,644 
Starbucks Corp. 302,039 25,540,418 
Vail Resorts, Inc. 26,476 6,152,228 
Wynn Resorts Ltd. 138,649 16,823,670 
  137,217,968 
Household Durables - 0.3%   
D.R. Horton, Inc. 93,685 4,906,283 
Roku, Inc. Class A (a)(e) 90,055 13,256,096 
  18,162,379 
Internet & Direct Marketing Retail - 9.3%   
Alibaba Group Holding Ltd. sponsored ADR (a) 271,588 47,981,452 
Amazon.com, Inc. (a) 204,980 364,179,767 
JD.com, Inc. sponsored ADR (a) 291,140 9,069,011 
MercadoLibre, Inc. (a) 26,382 13,758,741 
Ocado Group PLC (a) 133,963 2,306,200 
Pinduoduo, Inc. ADR (a) 730,998 29,883,198 
The Booking Holdings, Inc. (a) 22,712 46,531,664 
The Honest Co., Inc. (a)(c)(d) 71,609 1,050,504 
The RealReal, Inc. (e) 796,129 18,398,541 
Wayfair LLC Class A (a) 152,088 12,506,196 
  545,665,274 
Leisure Products - 0.1%   
Peloton Interactive, Inc. 377,252 8,104,505 
Multiline Retail - 1.3%   
Dollar General Corp. 41,725 6,690,187 
Dollar Tree, Inc. (a) 465,161 51,353,774 
Dollarama, Inc. 116,502 3,919,371 
Ollie's Bargain Outlet Holdings, Inc. (a) 82,628 5,278,277 
Target Corp. 92,861 9,927,770 
  77,169,379 
Specialty Retail - 4.0%   
American Eagle Outfitters, Inc. 346,595 5,330,631 
Best Buy Co., Inc. 8,300 596,189 
Burlington Stores, Inc. (a) 80,603 15,489,479 
Carvana Co. Class A (a)(e) 227,178 18,419,592 
Five Below, Inc. (a) 73,484 9,193,583 
Floor & Decor Holdings, Inc. Class A (a) 263,940 12,096,370 
Lowe's Companies, Inc. 543,106 60,616,061 
RH (a)(e) 286,104 51,985,097 
The Children's Place Retail Stores, Inc. 33,040 2,706,306 
The Home Depot, Inc. 219,803 51,561,388 
TJX Companies, Inc. 116,397 6,710,287 
Urban Outfitters, Inc. (a) 48,729 1,398,522 
  236,103,505 
Textiles, Apparel & Luxury Goods - 3.8%   
adidas AG 35,795 11,052,451 
Allbirds, Inc. (a)(c)(d) 8,081 400,494 
Burberry Group PLC 45,266 1,198,506 
Capri Holdings Ltd. (a) 85,213 2,647,568 
Crocs, Inc. (a) 270,112 9,451,219 
Deckers Outdoor Corp. (a) 25,195 3,852,316 
lululemon athletica, Inc. (a) 547,094 111,754,891 
LVMH Moet Hennessy Louis Vuitton SE 19,461 8,310,937 
Moncler SpA 180,123 6,938,781 
NIKE, Inc. Class B 566,613 50,740,194 
PVH Corp. 128,320 11,184,371 
Tory Burch LLC (a)(b)(c)(d) 106,817 6,478,451 
  224,010,179 
TOTAL CONSUMER DISCRETIONARY  1,351,814,853 
CONSUMER STAPLES - 2.3%   
Beverages - 0.3%   
Budweiser Brewing Co. APAC Ltd. (a)(f) 760,800 2,762,185 
Fever-Tree Drinks PLC 230,979 5,565,095 
Monster Beverage Corp. (a) 150,733 8,460,643 
  16,787,923 
Food & Staples Retailing - 0.9%   
BJ's Wholesale Club Holdings, Inc. (a) 655,261 17,495,469 
Costco Wholesale Corp. 79,856 23,726,016 
Grocery Outlet Holding Corp. 112,840 3,599,596 
Walmart, Inc. 65,975 7,736,229 
  52,557,310 
Food Products - 0.2%   
Campbell Soup Co. (e) 51,664 2,392,560 
JBS SA 116,300 820,378 
Nestle SA (Reg. S) 23,445 2,508,178 
Tyson Foods, Inc. Class A 51,483 4,262,278 
  9,983,394 
Household Products - 0.0%   
Energizer Holdings, Inc. 77,414 3,289,321 
Personal Products - 0.2%   
Estee Lauder Companies, Inc. Class A 49,129 9,151,259 
Herbalife Nutrition Ltd. (a) 13,300 594,111 
  9,745,370 
Tobacco - 0.7%   
Altria Group, Inc. 917,384 41,089,629 
JUUL Labs, Inc. Class B (a)(c)(d) 2,450 337,978 
  41,427,607 
TOTAL CONSUMER STAPLES  133,790,925 
ENERGY - 0.4%   
Oil, Gas & Consumable Fuels - 0.4%   
Hess Corp. 78,179 5,140,269 
Reliance Industries Ltd. 1,005,621 20,712,196 
  25,852,465 
FINANCIALS - 1.0%   
Banks - 0.4%   
Bank of America Corp. 352,895 11,035,027 
Citigroup, Inc. 73,800 5,303,268 
IndusInd Bank Ltd. 44,055 814,314 
Kotak Mahindra Bank Ltd. 183,676 4,070,936 
Wells Fargo & Co. 35,875 1,852,226 
  23,075,771 
Capital Markets - 0.3%   
HDFC Asset Management Co. Ltd. (f) 403 16,975 
London Stock Exchange Group PLC 36,721 3,309,254 
Moody's Corp. 17,265 3,810,213 
MSCI, Inc. 32,955 7,729,925 
S&P Global, Inc. 2,351 606,534 
  15,472,901 
Consumer Finance - 0.0%   
Oportun Finance Corp. 138,829 2,014,131 
Insurance - 0.2%   
eHealth, Inc. (a) 168,537 11,635,794 
Thrifts & Mortgage Finance - 0.1%   
LendingTree, Inc. (a)(e) 25,728 9,258,221 
TOTAL FINANCIALS  61,456,818 
HEALTH CARE - 12.0%   
Biotechnology - 4.8%   
AbbVie, Inc. 357,683 28,453,683 
ACADIA Pharmaceuticals, Inc. (a) 91,257 3,870,209 
Acceleron Pharma, Inc. (a) 89,320 4,007,788 
Agios Pharmaceuticals, Inc. (a) 138,411 4,163,403 
Aimmune Therapeutics, Inc. (a)(e) 150,982 4,200,319 
Alexion Pharmaceuticals, Inc. (a) 256,357 27,020,028 
Allakos, Inc. (a) 37,930 2,601,998 
Alnylam Pharmaceuticals, Inc. (a) 358,481 31,094,642 
AnaptysBio, Inc. (a) 47,373 1,786,910 
Argenx SE ADR (a) 11,337 1,388,329 
Ascendis Pharma A/S sponsored ADR (a) 132,696 14,673,524 
Axcella Health, Inc. 134,644 705,144 
BeiGene Ltd. (a) 148,600 1,578,771 
BeiGene Ltd. ADR (a) 39,006 5,396,090 
BioNTech SE ADR (a) 58,918 991,001 
bluebird bio, Inc. (a) 130,078 10,536,318 
Blueprint Medicines Corp. (a) 29,996 2,064,925 
Bridgebio Pharma, Inc. 38,934 880,298 
Cibus Corp. Series C (a)(b)(c)(d) 1,125,194 1,710,295 
Coherus BioSciences, Inc. (a) 181,470 3,152,134 
Crinetics Pharmaceuticals, Inc. (a) 81,548 1,436,060 
CytomX Therapeutics, Inc. (a)(f) 137,854 845,045 
FibroGen, Inc. (a) 90,586 3,546,442 
Global Blood Therapeutics, Inc. (a) 134,695 6,458,625 
Intercept Pharmaceuticals, Inc. (a) 112,992 8,223,558 
Ionis Pharmaceuticals, Inc. (a) 73,266 4,082,382 
Morphic Holding, Inc. 43,594 610,316 
Natera, Inc. (a) 184,171 7,094,267 
Neurocrine Biosciences, Inc. (a) 159,788 15,897,308 
Principia Biopharma, Inc. (a) 44,107 1,557,418 
Sage Therapeutics, Inc. (a) 150,467 20,410,849 
Sarepta Therapeutics, Inc. (a) 109,836 9,122,978 
Scholar Rock Holding Corp. (a) 43,080 398,490 
Seattle Genetics, Inc. (a) 7,100 762,540 
The Medicines Company (a) 180,503 9,474,602 
Turning Point Therapeutics, Inc. 127,349 4,885,108 
Vertex Pharmaceuticals, Inc. (a) 138,462 27,066,552 
Xencor, Inc. (a) 114,918 3,931,345 
Zai Lab Ltd. ADR (a) 128,089 4,328,127 
  280,407,821 
Health Care Equipment & Supplies - 3.1%   
Axonics Modulation Technologies, Inc. (a) 73,620 1,819,886 
Becton, Dickinson & Co. 26,526 6,790,656 
Boston Scientific Corp. (a) 1,421,049 59,257,743 
Danaher Corp. 86,579 11,932,318 
DexCom, Inc. (a) 81,315 12,542,026 
Edwards Lifesciences Corp. (a) 30,000 7,151,400 
InMode Ltd. (a)(e) 27,009 830,797 
Insulet Corp. (a) 89,098 12,947,721 
Intuitive Surgical, Inc. (a) 99,446 54,988,666 
Novocure Ltd. (a) 65,807 4,714,413 
Shockwave Medical, Inc. (a) 143,433 4,879,591 
Tandem Diabetes Care, Inc. (a) 88,217 5,432,403 
TransMedics Group, Inc. 87,028 1,561,282 
  184,848,902 
Health Care Providers & Services - 1.8%   
Guardant Health, Inc. 66,480 4,620,360 
Humana, Inc. 37,709 11,093,988 
Notre Dame Intermedica Participacoes SA 221,900 3,319,786 
UnitedHealth Group, Inc. 343,028 86,683,176 
  105,717,310 
Health Care Technology - 0.0%   
Livongo Health, Inc. (e) 14,158 305,671 
Phreesia, Inc. (e) 59,630 1,766,837 
  2,072,508 
Life Sciences Tools & Services - 0.6%   
10X Genomics, Inc. (a) 45,293 2,626,994 
Adaptive Biotechnologies Corp. (e) 24,987 651,286 
IQVIA Holdings, Inc. (a) 29,346 4,238,149 
Thermo Fisher Scientific, Inc. 100,338 30,300,069 
  37,816,498 
Pharmaceuticals - 1.7%   
Akcea Therapeutics, Inc. (a) 43,691 800,856 
AstraZeneca PLC sponsored ADR 556,235 27,272,202 
Bristol-Myers Squibb Co. 432,263 24,798,928 
Chiasma, Inc. warrants 12/16/24 (a) 23,784 36,946 
Hansoh Pharmaceutical Group Co. Ltd. (f) 730,000 2,217,783 
Horizon Pharma PLC (a) 46,699 1,350,068 
Merck & Co., Inc. 49,695 4,306,569 
MyoKardia, Inc. (a) 25,655 1,470,801 
Nektar Therapeutics (a) 178,551 3,057,686 
OptiNose, Inc. (a)(e) 207,279 1,620,922 
Roche Holding AG (participation certificate) 12,951 3,897,681 
Zoetis, Inc. Class A 218,279 27,922,250 
Zogenix, Inc. (a) 45,916 2,050,149 
  100,802,841 
TOTAL HEALTH CARE  711,665,880 
INDUSTRIALS - 5.9%   
Aerospace & Defense - 1.2%   
Elbit Systems Ltd. 13,488 2,210,818 
General Dynamics Corp. 21,228 3,753,110 
Lockheed Martin Corp. 74,133 27,924,418 
Northrop Grumman Corp. 36,981 13,035,063 
Space Exploration Technologies Corp.:   
Class A (a)(c)(d) 22,703 4,858,442 
Class C (a)(c)(d) 686 146,804 
The Boeing Co. 58,918 20,026,817 
United Technologies Corp. 8,500 1,220,430 
  73,175,902 
Airlines - 0.3%   
Spirit Airlines, Inc. (a) 447,540 16,809,602 
Commercial Services & Supplies - 0.1%   
HomeServe PLC 361,099 5,421,218 
Industrial Conglomerates - 1.4%   
General Electric Co. 7,295,537 72,809,459 
Honeywell International, Inc. 67,099 11,590,010 
  84,399,469 
Machinery - 0.1%   
Fanuc Corp. 6,100 1,203,221 
Fortive Corp. 33,300 2,297,700 
Rational AG 3,306 2,516,502 
  6,017,423 
Professional Services - 0.1%   
Equifax, Inc. 33,987 4,646,363 
Road & Rail - 2.7%   
Knight-Swift Transportation Holdings, Inc. Class A 372,752 13,590,538 
Lyft, Inc. 1,564,319 64,825,379 
Uber Technologies, Inc. 2,600,925 81,109,846 
  159,525,763 
TOTAL INDUSTRIALS  349,995,740 
INFORMATION TECHNOLOGY - 34.7%   
Electronic Equipment & Components - 0.1%   
Coherent, Inc. (a) 22,296 3,320,320 
Flextronics International Ltd. (a) 205,000 2,408,750 
  5,729,070 
IT Services - 6.8%   
Akamai Technologies, Inc. (a) 131,224 11,350,876 
Black Knight, Inc. (a) 96,838 6,217,000 
Endava PLC ADR (a) 71,824 3,089,150 
Fidelity National Information Services, Inc. 44,628 5,880,185 
Fiserv, Inc. (a) 23,471 2,491,212 
GDS Holdings Ltd. ADR (a) 42,233 1,760,271 
GoDaddy, Inc. (a) 16,900 1,099,007 
MasterCard, Inc. Class A 371,081 102,718,932 
MongoDB, Inc. Class A (a) 36,980 4,724,935 
Okta, Inc. (a) 148,800 16,229,616 
PagSeguro Digital Ltd. (a) 215,642 7,996,005 
PayPal Holdings, Inc. (a) 499,862 52,035,634 
Riskified Ltd. warrants (a)(c)(d) 692 
Shopify, Inc. Class A (a) 84,014 26,344,076 
Twilio, Inc. Class A (a)(e) 118,670 11,458,775 
Visa, Inc. Class A 785,121 140,426,742 
Wix.com Ltd. (a) 46,711 5,702,012 
  399,524,429 
Semiconductors & Semiconductor Equipment - 10.4%   
Advanced Micro Devices, Inc. (a) 826,852 28,055,088 
Applied Materials, Inc. 127,772 6,932,909 
ASML Holding NV 25,798 6,758,302 
Inphi Corp. (a) 131,956 9,484,997 
Lam Research Corp. 149,499 40,520,209 
Marvell Technology Group Ltd. 6,211,779 151,505,290 
Microchip Technology, Inc. (e) 40,711 3,838,640 
Micron Technology, Inc. (a) 1,189,386 56,555,304 
Monolithic Power Systems, Inc. 32,530 4,876,898 
NVIDIA Corp. 591,799 118,963,435 
NXP Semiconductors NV 719,735 81,819,475 
Qorvo, Inc. (a) 34,534 2,792,419 
Qualcomm, Inc. 1,106,608 89,015,548 
SolarEdge Technologies, Inc. (a) 33,600 2,854,656 
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR 84,369 4,355,971 
Universal Display Corp. 26,273 5,259,329 
  613,588,470 
Software - 11.3%   
Adobe, Inc. (a) 223,771 62,192,674 
Atlassian Corp. PLC (a) 25,758 3,111,309 
Atom Tickets LLC (a)(b)(c)(d) 344,068 509,221 
Cloudflare, Inc. 428,680 6,497,074 
Coupa Software, Inc. (a) 47,214 6,491,453 
Elastic NV 135,650 9,768,157 
HubSpot, Inc. (a) 50,592 7,846,819 
Intuit, Inc. 39,987 10,296,653 
Lightspeed POS, Inc. (a) 187,333 4,887,072 
LivePerson, Inc. (a) 114,655 4,706,588 
Microsoft Corp. 2,253,000 323,012,610 
Paycom Software, Inc. (a) 40,635 8,595,522 
RingCentral, Inc. (a) 83,939 13,557,827 
Salesforce.com, Inc. (a) 937,870 146,767,276 
ServiceNow, Inc. (a) 75,223 18,599,639 
Synopsys, Inc. (a) 19,389 2,632,057 
Tanium, Inc. Class B (a)(c)(d) 151,000 1,272,930 
The Trade Desk, Inc. (a) 65,189 13,089,951 
Workday, Inc. Class A (a) 131,180 21,272,149 
Zendesk, Inc. (a) 9,100 642,915 
  665,749,896 
Technology Hardware, Storage & Peripherals - 6.1%   
Apple, Inc. 1,394,634 346,929,154 
Western Digital Corp. 293,576 15,163,200 
  362,092,354 
TOTAL INFORMATION TECHNOLOGY  2,046,684,219 
MATERIALS - 0.1%   
Chemicals - 0.1%   
Livent Corp. 83,700 574,182 
The Chemours Co. LLC 265,015 4,348,896 
  4,923,078 
REAL ESTATE - 0.2%   
Equity Real Estate Investment Trusts (REITs) - 0.1%   
Ant International Co. Ltd. Class C (a)(c)(d) 1,065,661 7,012,049 
Real Estate Management & Development - 0.1%   
Redfin Corp. (a)(e) 137,581 2,392,534 
TOTAL REAL ESTATE  9,404,583 
UTILITIES - 0.1%   
Electric Utilities - 0.1%   
NextEra Energy, Inc. 14,193 3,382,760 
ORSTED A/S (f) 8,688 762,087 
  4,144,847 
TOTAL COMMON STOCKS   
(Cost $3,235,787,896)  5,682,802,638 
Preferred Stocks - 3.1%   
Convertible Preferred Stocks - 3.0%   
CONSUMER DISCRETIONARY - 0.4%   
Hotels, Restaurants & Leisure - 0.2%   
MOD Super Fast Pizza Holdings LLC Series 3 Preferred (a)(b)(c)(d) 32,826 4,678,362 
Neutron Holdings, Inc. Series C (a)(c)(d) 12,405,800 3,008,407 
Topgolf International, Inc. Series F (a)(c)(d) 106,191 1,648,084 
  9,334,853 
Internet & Direct Marketing Retail - 0.2%   
Reddit, Inc. Series B (a)(c)(d) 129,280 3,971,482 
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 
  14,501,452 
Textiles, Apparel & Luxury Goods - 0.0%   
Allbirds, Inc.:   
Series A (c)(d) 3,189 158,047 
Series B (c)(d) 560 27,754 
Series C (c)(d) 5,355 265,394 
  451,195 
TOTAL CONSUMER DISCRETIONARY  24,287,500 
CONSUMER STAPLES - 1.8%   
Food & Staples Retailing - 0.2%   
Sweetgreen, Inc. Series H (c)(d) 725,140 12,399,894 
Food Products - 0.0%   
Agbiome LLC Series C (a)(c)(d) 266,499 1,433,765 
Tobacco - 1.6%   
JUUL Labs, Inc.:   
Series C (a)(c)(d) 660,029 91,051,001 
Series D (a)(c)(d) 5,110 704,925 
  91,755,926 
TOTAL CONSUMER STAPLES  105,589,585 
HEALTH CARE - 0.2%   
Biotechnology - 0.1%   
23andMe, Inc. Series F (a)(c)(d) 195,114 2,401,853 
Generation Bio Series B (a)(c)(d) 110,000 999,900 
Immunocore Ltd. Series A (a)(c)(d) 4,035 508,875 
  3,910,628 
Health Care Providers & Services - 0.1%   
Mulberry Health, Inc. Series A-8 (a)(c)(d) 813,618 4,320,312 
Pharmaceuticals - 0.0%   
Castle Creek Pharmaceutical Holdings, Inc. Series B (c)(d) 1,069 449,718 
TOTAL HEALTH CARE  8,680,658 
INDUSTRIALS - 0.2%   
Aerospace & Defense - 0.2%   
Space Exploration Technologies Corp.:   
Series G (a)(c)(d) 42,650 9,127,100 
Series H (a)(c)(d) 6,348 1,358,472 
  10,485,572 
Professional Services - 0.0%   
YourPeople, Inc. Series C (a)(c)(d) 253,888 820,058 
TOTAL INDUSTRIALS  11,305,630 
INFORMATION TECHNOLOGY - 0.4%   
Internet Software & Services - 0.1%   
ContextLogic, Inc. Series G (a)(c)(d) 34,750 4,676,308 
Starry, Inc. Series C (a)(c)(d) 1,477,502 2,112,828 
  6,789,136 
IT Services - 0.0%   
AppNexus, Inc. Series E (Escrow) (a)(c)(d) 307,049 296,302 
Riskified Ltd. Series E (c)(d) 3,300 784,938 
  1,081,240 
Software - 0.3%   
Compass, Inc. Series E (a)(c)(d) 13,605 2,149,779 
Dataminr, Inc. Series D (a)(c)(d) 115,901 1,772,126 
Delphix Corp. Series D (a)(c)(d) 242,876 1,879,860 
Jet.Com, Inc. Series B1 (Escrow) (a)(c)(d) 922,232 
Malwarebytes Corp. Series B (a)(c)(d) 329,349 5,621,987 
Taboola.Com Ltd. Series E (a)(c)(d) 289,958 6,312,386 
  17,736,147 
TOTAL INFORMATION TECHNOLOGY  25,606,523 
TOTAL CONVERTIBLE PREFERRED STOCKS  175,469,896 
Nonconvertible Preferred Stocks - 0.1%   
CONSUMER DISCRETIONARY - 0.0%   
Textiles, Apparel & Luxury Goods - 0.0%   
Allbirds, Inc. (c)(d) 1,715 84,995 
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  4,138,764 
TOTAL PREFERRED STOCKS   
(Cost $70,433,559)  179,608,660 
Money Market Funds - 4.3%   
Fidelity Cash Central Fund 1.83% (g) 87,535,525 87,553,032 
Fidelity Securities Lending Cash Central Fund 1.84% (g)(h) 168,008,740 168,025,541 
TOTAL MONEY MARKET FUNDS   
(Cost $255,578,573)  255,578,573 
TOTAL INVESTMENT IN SECURITIES - 103.6%   
(Cost $3,561,800,028)  6,117,989,871 
NET OTHER ASSETS (LIABILITIES) - (3.6)%  (212,613,898) 
NET ASSETS - 100%  $5,905,375,973 

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 $210,800,689 or 3.6% 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 $6,604,075 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 $2,061,951 
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 - 5/10/19 $2,024,363 
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. Class B 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 - 5/15/19 $4,593,273 
Mulberry Health, Inc. Series A-8 1/20/16 $5,495,786 
Neutron Holdings, Inc. Series C 7/3/18 $2,268,276 
Reddit, Inc. Series B 7/26/17 $1,835,324 
Riskified Ltd. warrants 10/28/19 $1 
Riskified Ltd. Series E 10/28/19 $784,938 
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 $7,722,318 
WME Entertainment Parent, LLC Class A 4/13/16 - 8/16/16 $5,994,176 
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 $149,217 
Fidelity Securities Lending Cash Central Fund 673,126 
Total $822,343 

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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