NPORT-EX 2 QTLY_2957_20191031.htm

Quarterly Holdings Report
for

Fidelity® Small Cap Growth K6 Fund

October 31, 2019







SCPK6-QTLY-1219
1.9884008.102





Schedule of Investments October 31, 2019 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 95.9%   
 Shares Value 
COMMUNICATION SERVICES - 4.9%   
Diversified Telecommunication Services - 0.4%   
Iridium Communications, Inc. (a) 116,169 $2,842,655 
Entertainment - 0.6%   
Gaia, Inc. Class A (a)(b) 254,031 1,760,435 
World Wrestling Entertainment, Inc. Class A (b) 59,815 3,352,033 
  5,112,468 
Interactive Media & Services - 1.9%   
CarGurus, Inc. Class A (a)(b) 371,357 12,473,882 
Eventbrite, Inc. (a) 154,700 2,781,506 
  15,255,388 
Media - 2.0%   
Cardlytics, Inc. (a) 338,449 14,184,398 
Gray Television, Inc. (a) 140,058 2,298,352 
  16,482,750 
TOTAL COMMUNICATION SERVICES  39,693,261 
CONSUMER DISCRETIONARY - 13.6%   
Auto Components - 0.5%   
Fox Factory Holding Corp. (a) 63,700 3,881,878 
Diversified Consumer Services - 4.9%   
Afya Ltd. 172,200 4,649,400 
Arco Platform Ltd. Class A (a) 206,184 8,556,636 
Bright Horizons Family Solutions, Inc. (a) 29,985 4,453,372 
Grand Canyon Education, Inc. (a) 101,575 9,340,837 
Laureate Education, Inc. Class A (a) 424,159 6,555,377 
OneSpaWorld Holdings Ltd. (a)(b) 154,373 2,400,500 
ServiceMaster Global Holdings, Inc. (a) 13,222 533,904 
Strategic Education, Inc. 23,417 2,880,994 
  39,371,020 
Hotels, Restaurants & Leisure - 2.3%   
Churchill Downs, Inc. 85,357 11,095,556 
Planet Fitness, Inc. (a) 77,444 4,930,085 
SeaWorld Entertainment, Inc. (a)(b) 81,858 2,162,688 
  18,188,329 
Household Durables - 1.9%   
Helen of Troy Ltd. (a) 69,427 10,397,388 
Skyline Champion Corp. (a) 187,072 5,281,043 
  15,678,431 
Internet & Direct Marketing Retail - 0.4%   
Revolve Group, Inc. (b) 153,143 3,179,249 
The RealReal, Inc. 5,517 127,498 
  3,306,747 
Multiline Retail - 0.5%   
Ollie's Bargain Outlet Holdings, Inc. (a)(b) 69,091 4,413,533 
Specialty Retail - 2.2%   
Aaron's, Inc. Class A 117,100 8,774,303 
Five Below, Inc. (a) 29,469 3,686,867 
The Children's Place Retail Stores, Inc. (b) 63,614 5,210,623 
  17,671,793 
Textiles, Apparel & Luxury Goods - 0.9%   
Deckers Outdoor Corp. (a) 35,049 5,358,992 
Steven Madden Ltd. 50,100 2,063,118 
  7,422,110 
TOTAL CONSUMER DISCRETIONARY  109,933,841 
CONSUMER STAPLES - 4.2%   
Beverages - 0.2%   
Boston Beer Co., Inc. Class A (a) 4,500 1,685,070 
Food & Staples Retailing - 2.2%   
BJ's Wholesale Club Holdings, Inc. (a) 276,202 7,374,593 
Grocery Outlet Holding Corp. 89,798 2,864,556 
Performance Food Group Co. (a) 183,953 7,838,237 
  18,077,386 
Food Products - 1.4%   
Freshpet, Inc. (a) 52,100 2,722,746 
Nomad Foods Ltd. (a) 165,377 3,226,505 
Post Holdings, Inc. (a) 52,066 5,357,591 
  11,306,842 
Personal Products - 0.4%   
BellRing Brands, Inc. Class A (a) 159,600 2,788,212 
TOTAL CONSUMER STAPLES  33,857,510 
ENERGY - 0.7%   
Oil, Gas & Consumable Fuels - 0.7%   
Encana Corp. (Toronto) 393,100 1,540,047 
Kosmos Energy Ltd. 299,660 1,857,892 
PDC Energy, Inc. (a) 111,893 2,232,265 
  5,630,204 
FINANCIALS - 8.8%   
Banks - 1.4%   
First Citizens Bancshares, Inc. 15,700 7,723,144 
Popular, Inc. 57,477 3,130,197 
  10,853,341 
Capital Markets - 2.7%   
Apollo Global Management LLC Class A 79,258 3,262,259 
Hamilton Lane, Inc. Class A 47,763 2,847,630 
LPL Financial 80,662 6,520,716 
Morningstar, Inc. 56,658 9,169,531 
  21,800,136 
Consumer Finance - 0.8%   
First Cash Financial Services, Inc. 77,275 6,521,237 
Diversified Financial Services - 1.2%   
Cannae Holdings, Inc. (a) 154,779 4,519,547 
StepStone Group Holdings LLC (c)(d)(e) 6,434 5,147,200 
  9,666,747 
Insurance - 1.6%   
BRP Group, Inc. (a)(b) 46,973 760,963 
eHealth, Inc. (a) 35,342 2,440,012 
Enstar Group Ltd. (a) 15,817 3,177,635 
Primerica, Inc. 54,037 6,818,389 
  13,196,999 
Thrifts & Mortgage Finance - 1.1%   
Essent Group Ltd. 127,234 6,627,619 
LendingTree, Inc. (a) 6,669 2,399,840 
  9,027,459 
TOTAL FINANCIALS  71,065,919 
HEALTH CARE - 24.1%   
Biotechnology - 8.5%   
Acceleron Pharma, Inc. (a) 97,317 4,366,614 
Allakos, Inc. (a)(b) 52,865 3,626,539 
AnaptysBio, Inc. (a) 35,705 1,346,793 
Arena Pharmaceuticals, Inc. (a) 57,567 2,804,376 
Argenx SE ADR (a) 41,692 5,105,602 
Ascendis Pharma A/S sponsored ADR (a) 66,580 7,362,416 
Audentes Therapeutics, Inc. (a) 73,036 1,964,668 
Blueprint Medicines Corp. (a) 79,782 5,492,193 
Deciphera Pharmaceuticals, Inc. (a) 2,700 119,718 
FibroGen, Inc. (a) 121,403 4,752,927 
G1 Therapeutics, Inc. (a) 93,789 1,990,203 
Global Blood Therapeutics, Inc. (a) 103,209 4,948,872 
Gritstone Oncology, Inc. (a) 111,930 907,752 
Heron Therapeutics, Inc. (a) 124,355 2,642,544 
Iovance Biotherapeutics, Inc. (a) 123,806 2,616,021 
Kura Oncology, Inc. (a) 98,201 1,471,051 
Mirati Therapeutics, Inc. (a) 10,191 959,788 
Morphic Holding, Inc. (b) 69,723 976,122 
Morphosys AG (a) 24,385 2,655,747 
Neurocrine Biosciences, Inc. (a) 36,360 3,617,456 
Sarepta Therapeutics, Inc. (a) 46,441 3,857,389 
The Medicines Company (a) 55,055 2,889,837 
Turning Point Therapeutics, Inc. 54,121 2,076,082 
  68,550,710 
Health Care Equipment & Supplies - 7.5%   
Axonics Modulation Technologies, Inc. (a)(b) 59,791 1,478,034 
Cerus Corp. (a) 117,047 509,154 
CONMED Corp. 52,521 5,778,360 
Haemonetics Corp. (a) 42,494 5,130,301 
Hill-Rom Holdings, Inc. 66,630 6,975,495 
Insulet Corp. (a) 115,270 16,751,036 
Integer Holdings Corp. (a) 58,185 4,505,846 
Masimo Corp. (a) 53,604 7,814,927 
Novocure Ltd. (a) 78,392 5,616,003 
Tandem Diabetes Care, Inc. (a) 53,500 3,294,530 
TransMedics Group, Inc. (b) 153,409 2,752,157 
  60,605,843 
Health Care Providers & Services - 2.6%   
Chemed Corp. 12,500 4,923,875 
LHC Group, Inc. (a) 57,765 6,410,182 
Molina Healthcare, Inc. (a) 50,794 5,975,406 
Progyny, Inc. (a) 216,800 3,562,024 
  20,871,487 
Health Care Technology - 2.7%   
Health Catalyst, Inc. (b) 74,132 2,384,085 
HMS Holdings Corp. (a) 194,338 6,352,909 
Inovalon Holdings, Inc. Class A (a) 335,010 5,236,206 
Phreesia, Inc. (b) 187,727 5,562,351 
Teladoc Health, Inc. (a) 33,100 2,535,460 
  22,071,011 
Life Sciences Tools & Services - 1.7%   
10X Genomics, Inc. (a) 11,100 643,800 
Bruker Corp. 73,100 3,252,950 
ICON PLC (a) 53,850 7,910,565 
Quanterix Corp. (a) 82,202 1,713,912 
  13,521,227 
Pharmaceuticals - 1.1%   
Horizon Pharma PLC (a) 200,497 5,796,368 
Theravance Biopharma, Inc. (a) 43,409 699,753 
Xeris Pharmaceuticals, Inc. (a) 69,126 565,451 
Zogenix, Inc. (a) 53,708 2,398,062 
  9,459,634 
TOTAL HEALTH CARE  195,079,912 
INDUSTRIALS - 16.3%   
Aerospace & Defense - 2.2%   
HEICO Corp. Class A 33,693 3,209,932 
Moog, Inc. Class A 72,645 6,081,113 
Teledyne Technologies, Inc. (a) 26,794 8,831,302 
  18,122,347 
Airlines - 0.8%   
SkyWest, Inc. 101,920 6,069,336 
Building Products - 0.6%   
Armstrong World Industries, Inc. 54,937 5,138,258 
Commercial Services & Supplies - 0.4%   
Copart, Inc. (a) 42,790 3,536,166 
Construction & Engineering - 2.6%   
Argan, Inc. 63,983 2,421,757 
Dycom Industries, Inc. (a) 97,607 4,449,903 
Jacobs Engineering Group, Inc. 49,583 4,639,977 
MasTec, Inc. (a) 147,605 9,290,259 
  20,801,896 
Electrical Equipment - 2.5%   
Atkore International Group, Inc. (a) 102,380 3,552,586 
Generac Holdings, Inc. (a) 168,227 16,247,364 
  19,799,950 
Machinery - 3.9%   
Allison Transmission Holdings, Inc. 123,448 5,383,567 
ITT, Inc. 107,050 6,364,123 
Luxfer Holdings PLC sponsored 155,086 2,614,750 
Rational AG 5,600 4,262,677 
Toro Co. 44,587 3,438,995 
Woodward, Inc. 91,250 9,732,725 
  31,796,837 
Marine - 0.3%   
SITC International Holdings Co. Ltd. 2,260,000 2,488,483 
Professional Services - 2.6%   
Asgn, Inc. (a) 50,218 3,193,363 
Exponent, Inc. 80,357 5,105,080 
FTI Consulting, Inc. (a) 94,166 10,251,852 
Insperity, Inc. 24,164 2,552,443 
  21,102,738 
Road & Rail - 0.4%   
Genesee & Wyoming, Inc. Class A (a) 29,268 3,249,626 
TOTAL INDUSTRIALS  132,105,637 
INFORMATION TECHNOLOGY - 18.4%   
Communications Equipment - 0.2%   
ViaSat, Inc. (a) 27,988 1,926,694 
Electronic Equipment & Components - 1.3%   
Itron, Inc. (a) 70,600 5,383,956 
SYNNEX Corp. 43,642 5,138,409 
  10,522,365 
IT Services - 7.9%   
Black Knight, Inc. (a) 86,616 5,560,747 
Booz Allen Hamilton Holding Corp. Class A 71,292 5,016,818 
CACI International, Inc. Class A (a) 28,100 6,287,375 
EPAM Systems, Inc. (a) 21,616 3,803,551 
Euronet Worldwide, Inc. (a) 17,851 2,500,390 
Genpact Ltd. 145,500 5,699,235 
International Money Express, Inc. (a) 58,800 900,816 
InterXion Holding NV (a) 41,002 3,617,196 
KBR, Inc. 201,322 5,669,228 
Maximus, Inc. 74,600 5,724,804 
MongoDB, Inc. Class A (a)(b) 36,279 4,635,368 
Verra Mobility Corp. (a)(b) 1,009,215 14,482,235 
  63,897,763 
Semiconductors & Semiconductor Equipment - 2.6%   
Advanced Energy Industries, Inc. (a) 85,222 5,036,620 
Cabot Microelectronics Corp. 29,600 4,473,152 
Cirrus Logic, Inc. (a) 120,000 8,155,200 
Entegris, Inc. 70,236 3,371,328 
  21,036,300 
Software - 6.4%   
Alteryx, Inc. Class A (a) 33,408 3,056,832 
Ceridian HCM Holding, Inc. (a) 108,200 5,220,650 
DocuSign, Inc. (a) 72,918 4,826,442 
Elastic NV 59,381 4,276,026 
Everbridge, Inc. (a)(b) 77,703 5,401,136 
HubSpot, Inc. (a) 31,346 4,861,765 
Lightspeed POS, Inc. (a) 107,657 2,808,515 
LivePerson, Inc. (a) 147,499 6,054,834 
Pluralsight, Inc. (a) 134,036 2,423,371 
PROS Holdings, Inc. (a) 83,807 4,294,271 
ShotSpotter, Inc. (a)(b) 42,481 858,116 
SurveyMonkey (a) 199,577 3,672,217 
Workiva, Inc. (a) 95,326 3,972,234 
  51,726,409 
TOTAL INFORMATION TECHNOLOGY  149,109,531 
MATERIALS - 2.0%   
Chemicals - 0.6%   
Olin Corp. 151,187 2,772,770 
Orion Engineered Carbons SA 119,859 1,984,865 
  4,757,635 
Containers & Packaging - 1.4%   
Aptargroup, Inc. 43,391 5,126,647 
Avery Dennison Corp. 18,712 2,392,516 
Crown Holdings, Inc. (a) 46,700 3,401,628 
  10,920,791 
Paper & Forest Products - 0.0%   
Quintis Ltd. (a)(e) 928,453 
TOTAL MATERIALS  15,678,432 
REAL ESTATE - 2.9%   
Equity Real Estate Investment Trusts (REITs) - 2.9%   
Americold Realty Trust 202,276 8,109,245 
Essential Properties Realty Trust, Inc. 178,300 4,575,178 
Store Capital Corp. 116,829 4,731,575 
Terreno Realty Corp. 107,621 6,070,901 
  23,486,899 
TOTAL COMMON STOCKS   
(Cost $676,215,166)  775,641,146 
Convertible Preferred Stocks - 1.2%   
HEALTH CARE - 0.1%   
Biotechnology - 0.1%   
REVOLUTION Medicines, Inc. Series C (d)(e) 381,611 786,119 
INDUSTRIALS - 0.3%   
Road & Rail - 0.3%   
Convoy, Inc. Series D (d)(e) 192,936 2,612,353 
INFORMATION TECHNOLOGY - 0.8%   
Software - 0.8%   
Compass, Inc.:   
Series E (a)(d)(e) 16,661 2,632,670 
Series F (d)(e) 27,147 4,187,941 
  6,820,611 
TOTAL CONVERTIBLE PREFERRED STOCKS   
(Cost $7,741,546)  10,219,083 
Investment Companies - 1.0%   
iShares Russell 2000 Growth Index ETF (b)   
(Cost $7,710,488) 39,600 7,860,996 
Money Market Funds - 6.7%   
Fidelity Cash Central Fund 1.83% (f) 11,986,276 11,988,673 
Fidelity Securities Lending Cash Central Fund 1.84% (f)(g) 42,272,821 42,277,048 
TOTAL MONEY MARKET FUNDS   
(Cost $54,265,721)  54,265,721 
TOTAL INVESTMENT IN SECURITIES - 104.8%   
(Cost $745,932,921)  847,986,946 
NET OTHER ASSETS (LIABILITIES) - (4.8)%  (38,894,445) 
NET ASSETS - 100%  $809,092,501 

Security Type Abbreviations

ETF – Exchange-Traded Fund

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 $15,366,282 or 1.9% of net assets.

 (e) Level 3 security

 (f) 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.

 (g) 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 
Convoy, Inc. Series D 10/30/19 $2,612,353 
REVOLUTION Medicines, Inc. Series C 6/3/19 $786,119 
StepStone Group Holdings LLC 8/19/19 $5,147,200 

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 $99,054 
Fidelity Securities Lending Cash Central Fund 56,904 
Total $155,958 

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.

Exchange-Traded Funds (ETFs) are valued at their last 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 but the exchange reports a closing bid level, ETFs are valued at the closing bid and would be categorized as Level 1 in the hierarchy. In the event there was no closing bid, ETFs may be valued by another method that the Board believes reflects fair value in accordance with the Board's fair value pricing policies and may be categorized as Level 2 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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