Quarterly Holdings Report
for
Fidelity® Blue Chip Growth Fund
April 30, 2020
Schedule of Investments April 30, 2020 (Unaudited)
Showing Percentage of Net Assets
| Common Stocks - 97.6% | |||
| Shares | Value (000s) | ||
| COMMUNICATION SERVICES - 13.3% | |||
| Entertainment - 3.6% | |||
| Activision Blizzard, Inc. | 3,210,222 | $204,587 | |
| Netflix, Inc. (a) | 1,250,207 | 524,899 | |
| Nintendo Co. Ltd. | 64,060 | 26,452 | |
| Nintendo Co. Ltd. ADR | 172,457 | 8,871 | |
| Roku, Inc. Class A (a)(b) | 469,999 | 56,978 | |
| Sea Ltd. ADR (a)(b) | 3,785,483 | 210,397 | |
| Take-Two Interactive Software, Inc. (a) | 44,038 | 5,331 | |
| WME Entertainment Parent, LLC Class A (a)(c)(d)(e) | 10,172,512 | 15,157 | |
| 1,052,672 | |||
| Interactive Media & Services - 9.5% | |||
| Alphabet, Inc. Class A (a) | 1,083,414 | 1,459,034 | |
| Facebook, Inc. Class A (a) | 5,266,720 | 1,078,150 | |
| Match Group, Inc. (a)(b) | 733,529 | 56,452 | |
| Snap, Inc. Class A (a) | 217,000 | 3,821 | |
| Tencent Holdings Ltd. | 3,320,600 | 174,562 | |
| Twitter, Inc. (a) | 292,800 | 8,398 | |
| 2,780,417 | |||
| Wireless Telecommunication Services - 0.2% | |||
| T-Mobile U.S., Inc. (a) | 735,240 | 64,554 | |
| TOTAL COMMUNICATION SERVICES | 3,897,643 | ||
| CONSUMER DISCRETIONARY - 24.3% | |||
| Auto Components - 0.1% | |||
| BorgWarner, Inc. | 725,722 | 20,734 | |
| Lear Corp. | 188,749 | 18,431 | |
| 39,165 | |||
| Automobiles - 2.8% | |||
| General Motors Co. | 449,400 | 10,017 | |
| Tesla, Inc. (a)(b) | 1,037,117 | 810,901 | |
| 820,918 | |||
| Diversified Consumer Services - 0.1% | |||
| Afya Ltd. | 501,904 | 10,911 | |
| New Oriental Education & Technology Group, Inc. sponsored ADR (a) | 45,336 | 5,788 | |
| 16,699 | |||
| Hotels, Restaurants & Leisure - 2.4% | |||
| Aristocrat Leisure Ltd. | 372,817 | 6,114 | |
| Boyd Gaming Corp. | 2,054,510 | 34,290 | |
| Chipotle Mexican Grill, Inc. (a) | 38,995 | 34,259 | |
| Churchill Downs, Inc. | 432,455 | 43,341 | |
| Darden Restaurants, Inc. | 587,998 | 43,388 | |
| Eldorado Resorts, Inc. (a) | 1,239,491 | 26,575 | |
| Evolution Gaming Group AB (f) | 309,900 | 14,192 | |
| Extended Stay America, Inc. unit | 2,068 | 22 | |
| Hilton Worldwide Holdings, Inc. | 103,100 | 7,806 | |
| Las Vegas Sands Corp. | 121,600 | 5,839 | |
| Marriott International, Inc. Class A | 89,400 | 8,130 | |
| MGM Mirage, Inc. | 1,201,310 | 20,218 | |
| Penn National Gaming, Inc. (a) | 2,062,856 | 36,760 | |
| Planet Fitness, Inc. (a) | 1,332,023 | 80,361 | |
| Shake Shack, Inc. Class A (a)(b) | 415,884 | 22,670 | |
| Starbucks Corp. | 2,783,261 | 213,560 | |
| Texas Roadhouse, Inc. Class A | 809,251 | 38,108 | |
| Vail Resorts, Inc. | 236,083 | 40,370 | |
| Wingstop, Inc. | 150,688 | 17,671 | |
| 693,674 | |||
| Household Durables - 0.3% | |||
| D.R. Horton, Inc. | 232,849 | 10,995 | |
| Lennar Corp. Class A | 478,003 | 23,934 | |
| Mohawk Industries, Inc. (a) | 189,239 | 16,600 | |
| Sony Corp. sponsored ADR | 413,834 | 26,589 | |
| Tempur Sealy International, Inc. (a) | 362,154 | 19,466 | |
| 97,584 | |||
| Internet & Direct Marketing Retail - 11.5% | |||
| Alibaba Group Holding Ltd. sponsored ADR (a) | 1,139,141 | 230,870 | |
| Amazon.com, Inc. (a) | 1,048,486 | 2,593,964 | |
| Chewy, Inc. (b) | 72,598 | 3,139 | |
| Delivery Hero AG (a)(f) | 176,716 | 14,911 | |
| Farfetch Ltd. Class A (a)(b) | 711,000 | 9,414 | |
| Fiverr International Ltd. | 148,000 | 5,806 | |
| MercadoLibre, Inc. (a) | 126,203 | 73,641 | |
| Ocado Group PLC (a) | 560,925 | 11,336 | |
| Pinduoduo, Inc. ADR (a) | 2,878,854 | 136,573 | |
| The Booking Holdings, Inc. (a) | 116,094 | 171,885 | |
| The Honest Co., Inc. (a)(d)(e) | 150,143 | 1,787 | |
| The RealReal, Inc. (b) | 3,213,190 | 37,723 | |
| Wayfair LLC Class A (a) | 629,895 | 78,132 | |
| 3,369,181 | |||
| Leisure Products - 0.2% | |||
| American Outdoor Brands Corp. (a) | 69,300 | 656 | |
| Callaway Golf Co. | 477,600 | 6,839 | |
| Peloton Interactive, Inc.: | |||
| Class A (a) | 94,400 | 2,974 | |
| Class B | 1,341,716 | 42,264 | |
| Sturm, Ruger & Co., Inc. | 23,577 | 1,254 | |
| 53,987 | |||
| Multiline Retail - 0.6% | |||
| Dollar General Corp. | 184,878 | 32,409 | |
| Dollar Tree, Inc. (a) | 1,530,677 | 121,949 | |
| Ollie's Bargain Outlet Holdings, Inc. (a) | 80,187 | 5,445 | |
| 159,803 | |||
| Specialty Retail - 3.4% | |||
| American Eagle Outfitters, Inc. | 339,100 | 2,696 | |
| Burlington Stores, Inc. (a) | 390,066 | 71,261 | |
| Carvana Co. Class A (a)(b) | 1,530,367 | 122,598 | |
| Dick's Sporting Goods, Inc. | 396,088 | 11,641 | |
| Five Below, Inc. (a) | 626,422 | 56,478 | |
| Floor & Decor Holdings, Inc. Class A (a) | 1,818,623 | 77,110 | |
| Lowe's Companies, Inc. | 2,856,675 | 299,237 | |
| RH (a)(b) | 675,552 | 97,131 | |
| Ross Stores, Inc. | 124,026 | 11,331 | |
| The Home Depot, Inc. | 1,101,253 | 242,088 | |
| TJX Companies, Inc. | 293,273 | 14,385 | |
| 1,005,956 | |||
| Textiles, Apparel & Luxury Goods - 2.9% | |||
| adidas AG | 282,512 | 64,676 | |
| Allbirds, Inc. (a)(d)(e) | 181,080 | 1,481 | |
| Anta Sports Products Ltd. | 306,000 | 2,606 | |
| Canada Goose Holdings, Inc. (a)(b) | 256,030 | 6,114 | |
| Carter's, Inc. | 72,997 | 5,708 | |
| Crocs, Inc. (a) | 1,581,185 | 38,344 | |
| Deckers Outdoor Corp. (a) | 263,679 | 39,225 | |
| lululemon athletica, Inc. (a) | 1,502,905 | 335,869 | |
| LVMH Moet Hennessy Louis Vuitton SE | 103,002 | 39,820 | |
| Moncler SpA | 860,952 | 32,361 | |
| NIKE, Inc. Class B | 2,624,188 | 228,777 | |
| PVH Corp. | 620,658 | 30,555 | |
| Skechers U.S.A., Inc. Class A (sub. vtg.) (a) | 163,458 | 4,606 | |
| Tory Burch LLC (a)(c)(d)(e) | 293,611 | 14,543 | |
| VF Corp. | 50,200 | 2,917 | |
| 847,602 | |||
| TOTAL CONSUMER DISCRETIONARY | 7,104,569 | ||
| CONSUMER STAPLES - 1.3% | |||
| Beverages - 0.1% | |||
| Constellation Brands, Inc. Class A (sub. vtg.) | 51,627 | 8,502 | |
| Monster Beverage Corp. (a) | 135,310 | 8,364 | |
| 16,866 | |||
| Food & Staples Retailing - 0.5% | |||
| Costco Wholesale Corp. | 271,556 | 82,281 | |
| Kroger Co. | 1,289,062 | 40,747 | |
| Performance Food Group Co. (a) | 706,860 | 20,746 | |
| U.S. Foods Holding Corp. (a) | 310,700 | 6,680 | |
| 150,454 | |||
| Food Products - 0.0% | |||
| Freshpet, Inc. (a) | 59,700 | 4,502 | |
| Personal Products - 0.2% | |||
| Estee Lauder Companies, Inc. Class A | 270,478 | 47,712 | |
| Herbalife Nutrition Ltd. (a) | 503,252 | 18,796 | |
| 66,508 | |||
| Tobacco - 0.5% | |||
| Altria Group, Inc. | 3,356,802 | 131,754 | |
| JUUL Labs, Inc.: | |||
| Class A (a)(d)(e) | 21,148 | 2,488 | |
| Class B (a)(d)(e) | 6,625 | 779 | |
| 135,021 | |||
| TOTAL CONSUMER STAPLES | 373,351 | ||
| ENERGY - 0.5% | |||
| Oil, Gas & Consumable Fuels - 0.5% | |||
| Reliance Industries Ltd. | 7,345,638 | 142,850 | |
| Scorpio Tankers, Inc. (b) | 308,266 | 6,748 | |
| 149,598 | |||
| FINANCIALS - 1.3% | |||
| Banks - 0.3% | |||
| Bank of America Corp. | 2,402,411 | 57,778 | |
| Citigroup, Inc. | 606,153 | 29,435 | |
| JPMorgan Chase & Co. | 42,540 | 4,074 | |
| Kotak Mahindra Bank Ltd. | 779,186 | 13,996 | |
| 105,283 | |||
| Capital Markets - 0.3% | |||
| BlackRock, Inc. Class A | 20,271 | 10,177 | |
| Goldman Sachs Group, Inc. | 45,736 | 8,389 | |
| Lazard Ltd. Class A | 103,200 | 2,838 | |
| London Stock Exchange Group PLC | 163,512 | 15,355 | |
| Moody's Corp. | 22,269 | 5,431 | |
| Morgan Stanley | 288,993 | 11,395 | |
| MSCI, Inc. | 144,783 | 47,344 | |
| 100,929 | |||
| Consumer Finance - 0.3% | |||
| Ally Financial, Inc. | 1,542,861 | 25,287 | |
| Capital One Financial Corp. | 199,220 | 12,901 | |
| Discover Financial Services | 371,677 | 15,971 | |
| LendingTree, Inc. (a) | 24,700 | 6,159 | |
| Oportun Financial Corp. (a) | 214,124 | 1,602 | |
| Synchrony Financial | 898,836 | 17,788 | |
| 79,708 | |||
| Diversified Financial Services - 0.0% | |||
| VectoIQ Acquisition Corp. (a)(b) | 579,585 | 7,680 | |
| Insurance - 0.3% | |||
| American International Group, Inc. | 107,700 | 2,739 | |
| eHealth, Inc. (a) | 735,144 | 78,440 | |
| First American Financial Corp. | 65,000 | 2,998 | |
| 84,177 | |||
| Thrifts & Mortgage Finance - 0.1% | |||
| Housing Development Finance Corp. Ltd. | 697,722 | 17,652 | |
| TOTAL FINANCIALS | 395,429 | ||
| HEALTH CARE - 11.6% | |||
| Biotechnology - 3.8% | |||
| ACADIA Pharmaceuticals, Inc. (a) | 531,503 | 25,677 | |
| Acceleron Pharma, Inc. (a) | 398,777 | 36,101 | |
| Agios Pharmaceuticals, Inc. (a) | 369,915 | 15,218 | |
| Aimmune Therapeutics, Inc. (a)(b) | 639,737 | 10,952 | |
| Allakos, Inc. (a)(b) | 78,718 | 5,176 | |
| Alnylam Pharmaceuticals, Inc. (a) | 794,632 | 104,653 | |
| Arcutis Biotherapeutics, Inc. (a) | 373,774 | 11,109 | |
| Argenx SE ADR (a) | 66,722 | 9,774 | |
| Arrowhead Pharmaceuticals, Inc. (a) | 173,256 | 5,965 | |
| Ascendis Pharma A/S sponsored ADR (a) | 394,204 | 53,505 | |
| Aurinia Pharmaceuticals, Inc. (a) | 538,642 | 9,286 | |
| BeiGene Ltd. (a) | 577,200 | 7,040 | |
| BeiGene Ltd. ADR (a) | 134,237 | 20,515 | |
| BioNTech SE ADR (a)(b) | 42,023 | 1,995 | |
| Black Diamond Therapeutics, Inc. (a) | 163,770 | 6,066 | |
| bluebird bio, Inc. (a) | 98,719 | 5,319 | |
| Bridgebio Pharma, Inc. (b) | 157,364 | 4,804 | |
| Cibus Corp. Series C (a)(c)(d)(e) | 4,762,240 | 7,239 | |
| Coherus BioSciences, Inc. (a)(b) | 561,363 | 9,319 | |
| Crinetics Pharmaceuticals, Inc. (a) | 320,343 | 5,343 | |
| CytomX Therapeutics, Inc. (a)(f) | 378,621 | 3,907 | |
| FibroGen, Inc. (a) | 428,709 | 15,815 | |
| Global Blood Therapeutics, Inc. (a) | 860,403 | 65,838 | |
| Immunomedics, Inc. (a) | 197,000 | 5,985 | |
| Intercept Pharmaceuticals, Inc. (a) | 316,429 | 25,922 | |
| Ionis Pharmaceuticals, Inc. (a) | 151,341 | 8,404 | |
| Karuna Therapeutics, Inc. (a) | 185,040 | 15,373 | |
| Mirati Therapeutics, Inc. (a) | 57,519 | 4,891 | |
| Morphic Holding, Inc. | 182,701 | 2,487 | |
| Neurocrine Biosciences, Inc. (a) | 463,605 | 45,498 | |
| Passage Bio, Inc. | 185,938 | 3,077 | |
| Principia Biopharma, Inc. (a) | 187,996 | 11,690 | |
| Regeneron Pharmaceuticals, Inc. (a) | 435,487 | 229,014 | |
| Revolution Medicines, Inc. | 84,781 | 2,651 | |
| Sage Therapeutics, Inc. (a) | 557,805 | 21,743 | |
| Sarepta Therapeutics, Inc. (a) | 524,069 | 61,777 | |
| Seattle Genetics, Inc. (a) | 110,045 | 15,101 | |
| Turning Point Therapeutics, Inc. | 538,758 | 27,751 | |
| Vertex Pharmaceuticals, Inc. (a) | 631,886 | 158,730 | |
| Xencor, Inc. (a) | 402,738 | 11,772 | |
| Zai Lab Ltd. ADR (a) | 500,993 | 31,422 | |
| 1,123,904 | |||
| Health Care Equipment & Supplies - 2.9% | |||
| Axonics Modulation Technologies, Inc. (a)(b) | 498,588 | 16,060 | |
| Becton, Dickinson & Co. | 87,000 | 21,970 | |
| Boston Scientific Corp. (a) | 4,771,985 | 178,854 | |
| DexCom, Inc. (a) | 422,718 | 141,695 | |
| Insulet Corp. (a) | 309,755 | 61,864 | |
| Intuitive Surgical, Inc. (a) | 510,144 | 260,622 | |
| Masimo Corp. (a) | 172,500 | 36,899 | |
| Nevro Corp. (a) | 68,545 | 8,064 | |
| Novocure Ltd. (a) | 257,632 | 16,952 | |
| Shockwave Medical, Inc. (a) | 793,728 | 31,844 | |
| Tandem Diabetes Care, Inc. (a) | 713,494 | 56,923 | |
| 831,747 | |||
| Health Care Providers & Services - 2.3% | |||
| 1Life Healthcare, Inc. (a) | 316,153 | 7,799 | |
| Alignment Healthcare Partners unit (d)(e) | 289,571 | 4,373 | |
| Cigna Corp. | 395,763 | 77,482 | |
| Guardant Health, Inc. (a) | 333,058 | 25,632 | |
| Humana, Inc. | 265,166 | 101,246 | |
| UnitedHealth Group, Inc. | 1,593,577 | 466,073 | |
| 682,605 | |||
| Health Care Technology - 0.0% | |||
| Phreesia, Inc. | 196,623 | 4,992 | |
| Life Sciences Tools & Services - 0.4% | |||
| 10X Genomics, Inc. (a) | 228,967 | 18,288 | |
| IQVIA Holdings, Inc. (a) | 122,999 | 17,538 | |
| Thermo Fisher Scientific, Inc. | 225,262 | 75,391 | |
| 111,217 | |||
| Pharmaceuticals - 2.2% | |||
| AstraZeneca PLC sponsored ADR | 2,492,962 | 130,332 | |
| Axsome Therapeutics, Inc. (a)(b) | 64,909 | 6,168 | |
| Bristol-Myers Squibb Co. | 2,861,969 | 174,036 | |
| Chiasma, Inc. warrants 12/16/24 (a) | 55,391 | 73 | |
| Eli Lilly & Co. | 636,903 | 98,491 | |
| Hansoh Pharmaceutical Group Co. Ltd. (f) | 2,462,000 | 9,506 | |
| Horizon Pharma PLC (a) | 509,839 | 18,375 | |
| Intra-Cellular Therapies, Inc. (a) | 451,864 | 7,984 | |
| MyoKardia, Inc. (a) | 95,478 | 5,998 | |
| Nektar Therapeutics (a) | 862,943 | 16,569 | |
| OptiNose, Inc. (a) | 895,926 | 3,620 | |
| Roche Holding AG (participation certificate) | 91,958 | 31,845 | |
| Sanofi SA sponsored ADR | 169,600 | 7,942 | |
| Zoetis, Inc. Class A | 986,224 | 127,529 | |
| 638,468 | |||
| TOTAL HEALTH CARE | 3,392,933 | ||
| INDUSTRIALS - 5.8% | |||
| Aerospace & Defense - 0.5% | |||
| Lockheed Martin Corp. | 155,345 | 60,439 | |
| Northrop Grumman Corp. | 131,193 | 43,382 | |
| Space Exploration Technologies Corp.: | |||
| Class A (a)(d)(e) | 242,545 | 53,360 | |
| Class C (a)(d)(e) | 2,783 | 612 | |
| 157,793 | |||
| Air Freight & Logistics - 0.1% | |||
| XPO Logistics, Inc. (a) | 221,662 | 14,794 | |
| Airlines - 0.2% | |||
| Delta Air Lines, Inc. | 287,600 | 7,452 | |
| JetBlue Airways Corp. (a) | 776,500 | 7,563 | |
| Southwest Airlines Co. | 479,000 | 14,969 | |
| Spirit Airlines, Inc. (a) | 1,695,744 | 25,470 | |
| United Airlines Holdings, Inc. (a) | 252,300 | 7,463 | |
| 62,917 | |||
| Building Products - 0.0% | |||
| Fortune Brands Home & Security, Inc. | 175,653 | 8,466 | |
| Commercial Services & Supplies - 0.2% | |||
| Cintas Corp. | 78,670 | 17,451 | |
| Copart, Inc. (a) | 99,000 | 7,931 | |
| HomeServe PLC | 1,465,017 | 20,574 | |
| KAR Auction Services, Inc. | 431,500 | 6,464 | |
| 52,420 | |||
| Construction & Engineering - 0.1% | |||
| Dycom Industries, Inc. (a) | 958,688 | 31,253 | |
| Electrical Equipment - 0.1% | |||
| Sensata Technologies, Inc. PLC (a) | 422,206 | 15,360 | |
| Industrial Conglomerates - 0.8% | |||
| General Electric Co. | 35,785,748 | 243,343 | |
| Professional Services - 0.2% | |||
| Equifax, Inc. | 448,090 | 62,240 | |
| Road & Rail - 3.6% | |||
| Knight-Swift Transportation Holdings, Inc. Class A | 1,402,870 | 52,159 | |
| Lyft, Inc. (a)(b) | 15,969,481 | 524,278 | |
| Uber Technologies, Inc. | 15,710,059 | 475,543 | |
| 1,051,980 | |||
| TOTAL INDUSTRIALS | 1,700,566 | ||
| INFORMATION TECHNOLOGY - 39.0% | |||
| Electronic Equipment & Components - 0.5% | |||
| Flextronics International Ltd. (a) | 1,755,908 | 17,138 | |
| FLIR Systems, Inc. | 468,930 | 20,352 | |
| II-VI, Inc. (a)(b) | 2,212,518 | 76,155 | |
| Jabil, Inc. | 1,611,472 | 45,830 | |
| 159,475 | |||
| IT Services - 6.4% | |||
| Akamai Technologies, Inc. (a) | 581,136 | 56,783 | |
| Alliance Data Systems Corp. | 499,696 | 25,020 | |
| Black Knight, Inc. (a) | 386,516 | 27,276 | |
| Endava PLC ADR (a) | 283,446 | 12,406 | |
| Fiserv, Inc. (a) | 129,171 | 13,312 | |
| MasterCard, Inc. Class A | 1,870,420 | 514,309 | |
| MongoDB, Inc. Class A (a) | 162,752 | 26,387 | |
| PayPal Holdings, Inc. (a) | 1,409,854 | 173,412 | |
| Riskified Ltd. (d)(e) | 14,704 | 2,721 | |
| Riskified Ltd. warrants (a)(d)(e) | 3,105 | 0 | |
| Shopify, Inc. Class A (a) | 275,664 | 174,827 | |
| Square, Inc. (a) | 527,758 | 34,378 | |
| Twilio, Inc. Class A (a) | 966,502 | 108,538 | |
| Visa, Inc. Class A | 3,946,433 | 705,307 | |
| 1,874,676 | |||
| Semiconductors & Semiconductor Equipment - 10.3% | |||
| Advanced Micro Devices, Inc. (a) | 3,681,114 | 192,854 | |
| Cirrus Logic, Inc. (a) | 340,221 | 25,721 | |
| Enphase Energy, Inc. (a) | 440,181 | 20,614 | |
| Inphi Corp. (a) | 60,115 | 5,804 | |
| Lam Research Corp. | 360,715 | 92,083 | |
| Marvell Technology Group Ltd. | 28,444,586 | 760,608 | |
| Micron Technology, Inc. (a) | 5,702,698 | 273,102 | |
| NVIDIA Corp. | 3,136,849 | 916,838 | |
| NXP Semiconductors NV | 3,429,327 | 341,458 | |
| Qualcomm, Inc. | 3,278,798 | 257,943 | |
| SolarEdge Technologies, Inc. (a) | 274,114 | 30,588 | |
| STMicroelectronics NV (NY Shares) unit (b) | 1,310,556 | 33,511 | |
| Synaptics, Inc. (a) | 177,151 | 11,584 | |
| Universal Display Corp. | 265,464 | 39,851 | |
| 3,002,559 | |||
| Software - 13.8% | |||
| Adobe, Inc. (a) | 1,270,417 | 449,270 | |
| Atom Tickets LLC (a)(c)(d)(e) | 1,204,239 | 1,216 | |
| Avalara, Inc. (a) | 168,962 | 15,100 | |
| Cloudflare, Inc. (a) | 1,158,895 | 27,304 | |
| Coupa Software, Inc. (a) | 179,811 | 31,663 | |
| Crowdstrike Holdings, Inc. | 357,397 | 24,181 | |
| Elastic NV (a) | 659,383 | 42,293 | |
| Fair Isaac Corp. (a) | 55,335 | 19,530 | |
| HubSpot, Inc. (a) | 222,578 | 37,533 | |
| Lightspeed POS, Inc. (a) | 1,280,185 | 24,253 | |
| Microsoft Corp. | 11,843,595 | 2,122,491 | |
| Palo Alto Networks, Inc. (a) | 14,400 | 2,830 | |
| Paycom Software, Inc. (a) | 220,665 | 57,598 | |
| RingCentral, Inc. (a) | 371,695 | 84,943 | |
| Salesforce.com, Inc. (a) | 4,833,912 | 782,852 | |
| ServiceNow, Inc. (a) | 300,103 | 105,498 | |
| Snowflake Computing, Inc. Class B (d)(e) | 22,447 | 870 | |
| Tanium, Inc. Class B (a)(d)(e) | 554,900 | 6,520 | |
| The Trade Desk, Inc. (a)(b) | 302,546 | 88,519 | |
| Workday, Inc. Class A (a) | 497,212 | 76,521 | |
| Zendesk, Inc. (a) | 78,689 | 6,050 | |
| Zoom Video Communications, Inc. Class A | 131,016 | 17,709 | |
| 4,024,744 | |||
| Technology Hardware, Storage & Peripherals - 8.0% | |||
| Apple, Inc. | 7,722,663 | 2,268,918 | |
| Pure Storage, Inc. Class A (a) | 435,284 | 6,268 | |
| Western Digital Corp. | 1,310,416 | 60,384 | |
| 2,335,570 | |||
| TOTAL INFORMATION TECHNOLOGY | 11,397,024 | ||
| MATERIALS - 0.2% | |||
| Chemicals - 0.2% | |||
| The Chemours Co. LLC | 4,468,403 | 52,414 | |
| Metals & Mining - 0.0% | |||
| First Quantum Minerals Ltd. | 1,004,088 | 6,132 | |
| Lundin Mining Corp. | 1,216,988 | 5,963 | |
| 12,095 | |||
| TOTAL MATERIALS | 64,509 | ||
| REAL ESTATE - 0.3% | |||
| Equity Real Estate Investment Trusts (REITs) - 0.2% | |||
| Ant International Co. Ltd. Class C (a)(d)(e) | 4,367,660 | 32,408 | |
| Equinix, Inc. | 24,477 | 16,527 | |
| Prologis, Inc. | 31,300 | 2,793 | |
| 51,728 | |||
| Real Estate Management & Development - 0.1% | |||
| Redfin Corp. (a)(b) | 1,184,447 | 25,027 | |
| TOTAL REAL ESTATE | 76,755 | ||
| UTILITIES - 0.0% | |||
| Electric Utilities - 0.0% | |||
| NextEra Energy, Inc. | 62,927 | 14,544 | |
| TOTAL COMMON STOCKS | |||
| (Cost $14,366,065) | 28,566,921 | ||
| Preferred Stocks - 2.3% | |||
| Convertible Preferred Stocks - 2.2% | |||
| CONSUMER DISCRETIONARY - 0.3% | |||
| Hotels, Restaurants & Leisure - 0.1% | |||
| MOD Super Fast Pizza Holdings LLC Series 3 (a)(c)(d)(e) | 100,182 | 13,882 | |
| Neutron Holdings, Inc.: | |||
| Series C (a)(d)(e) | 50,654,200 | 8,105 | |
| Series D (a)(d)(e) | 85,315,542 | 13,650 | |
| Topgolf International, Inc. Series F (a)(d)(e) | 415,730 | 3,800 | |
| 39,437 | |||
| Internet & Direct Marketing Retail - 0.2% | |||
| Reddit, Inc. Series B (a)(d)(e) | 524,232 | 16,015 | |
| 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 | |
| 43,906 | |||
| Textiles, Apparel & Luxury Goods - 0.0% | |||
| Allbirds, Inc.: | |||
| Series A (a)(d)(e) | 71,465 | 585 | |
| Series B (a)(d)(e) | 12,560 | 103 | |
| Series C (a)(d)(e) | 119,995 | 982 | |
| Series Seed (a)(d)(e) | 38,400 | 314 | |
| 1,984 | |||
| TOTAL CONSUMER DISCRETIONARY | 85,327 | ||
| CONSUMER STAPLES - 1.3% | |||
| Food & Staples Retailing - 0.3% | |||
| Blink Health LLC Series C (d)(e) | 89,676 | 3,556 | |
| Roofoods Ltd. Series F (a)(d)(e) | 41,941 | 13,916 | |
| Sweetgreen, Inc.: | |||
| Series C (d)(e) | 15,004 | 203 | |
| Series D (d)(e) | 241,354 | 3,263 | |
| Series H (a)(d)(e) | 3,242,523 | 43,839 | |
| Series I (d)(e) | 568,842 | 7,691 | |
| 72,468 | |||
| Food Products - 0.0% | |||
| Agbiome LLC Series C (a)(d)(e) | 1,091,300 | 6,912 | |
| Tobacco - 1.0% | |||
| JUUL Labs, Inc.: | |||
| Series C (a)(d)(e) | 2,570,575 | 302,402 | |
| Series D (a)(d)(e) | 13,822 | 1,626 | |
| Series E (a)(d)(e) | 14,959 | 1,760 | |
| 305,788 | |||
| TOTAL CONSUMER STAPLES | 385,168 | ||
| FINANCIALS - 0.0% | |||
| Diversified Financial Services - 0.0% | |||
| Sonder Holdings, Inc. Series D (d)(e) | 606,719 | 6,532 | |
| HEALTH CARE - 0.1% | |||
| Biotechnology - 0.1% | |||
| 23andMe, Inc. Series F (a)(d)(e) | 800,982 | 13,088 | |
| Generation Bio: | |||
| Series B (a)(d)(e) | 460,500 | 2,795 | |
| Series C (d)(e) | 475,900 | 2,541 | |
| Immunocore Ltd. Series A (a)(d)(e) | 11,275 | 1,366 | |
| Nuvation Bio, Inc. Series A (d)(e)(g) | 8,221,300 | 6,342 | |
| 26,132 | |||
| Health Care Providers & Services - 0.0% | |||
| Mulberry Health, Inc. Series A-8 (a)(d)(e) | 2,728,716 | 15,908 | |
| Pharmaceuticals - 0.0% | |||
| Castle Creek Pharmaceutical Holdings, Inc. Series B (a)(d)(e) | 3,301 | 1,317 | |
| TOTAL HEALTH CARE | 43,357 | ||
| INDUSTRIALS - 0.1% | |||
| Aerospace & Defense - 0.1% | |||
| Space Exploration Technologies Corp.: | |||
| Series G (a)(d)(e) | 97,277 | 21,401 | |
| Series H (a)(d)(e) | 25,767 | 5,669 | |
| 27,070 | |||
| Professional Services - 0.0% | |||
| YourPeople, Inc. Series C (a)(d)(e) | 692,196 | 2,090 | |
| TOTAL INDUSTRIALS | 29,160 | ||
| INFORMATION TECHNOLOGY - 0.4% | |||
| Internet Software & Services - 0.1% | |||
| ContextLogic, Inc. Series G (a)(d)(e) | 133,922 | 17,703 | |
| Starry, Inc.: | |||
| Series C (a)(d)(e) | 5,833,836 | 7,351 | |
| Series D (a)(d)(e) | 4,312,627 | 5,434 | |
| 30,488 | |||
| IT Services - 0.0% | |||
| AppNexus, Inc. Series E (Escrow) (a)(d)(e) | 646,522 | 20 | |
| Riskified Ltd. Series E (d)(e) | 14,800 | 2,739 | |
| 2,759 | |||
| Software - 0.3% | |||
| ACV Auctions, Inc. Series E (d)(e) | 866,184 | 4,036 | |
| Bird Rides, Inc.: | |||
| Series C (a)(d)(e) | 2,114,013 | 18,836 | |
| Series D (d)(e) | 265,200 | 2,363 | |
| Compass, Inc. Series E (a)(d)(e) | 53,263 | 5,425 | |
| Dataminr, Inc. Series D (a)(d)(e) | 277,250 | 4,547 | |
| Delphix Corp. Series D (a)(d)(e) | 675,445 | 3,431 | |
| Jet.Com, Inc. Series B1 (Escrow) (a)(d)(e) | 2,928,086 | 0 | |
| Malwarebytes Corp. Series B (a)(d)(e) | 1,056,193 | 17,776 | |
| Taboola.Com Ltd. Series E (a)(d)(e) | 634,902 | 14,342 | |
| UiPath, Inc.: | |||
| Series A1 (d)(e) | 128,283 | 3,922 | |
| Series B1 (d)(e) | 6,390 | 195 | |
| Series B2 (d)(e) | 31,827 | 973 | |
| 75,846 | |||
| TOTAL INFORMATION TECHNOLOGY | 109,093 | ||
| TOTAL CONVERTIBLE PREFERRED STOCKS | 658,637 | ||
| Nonconvertible Preferred Stocks - 0.1% | |||
| HEALTH CARE - 0.1% | |||
| Health Care Providers & Services - 0.0% | |||
| Oak Street Health LLC Series III-E (c)(d)(e) | 31,992 | 5,604 | |
| Pharmaceuticals - 0.1% | |||
| Castle Creek Pharmaceutical Holdings, Inc. Series A4 (a)(d)(e) | 29,758 | 11,875 | |
| TOTAL HEALTH CARE | 17,479 | ||
| TOTAL PREFERRED STOCKS | |||
| (Cost $357,715) | 676,116 | ||
| Money Market Funds - 2.0% | |||
| Fidelity Cash Central Fund 0.16% (h) | 10,235,823 | 10,239 | |
| Fidelity Securities Lending Cash Central Fund 0.11% (h)(i) | 567,764,738 | 567,822 | |
| TOTAL MONEY MARKET FUNDS | |||
| (Cost $578,061) | 578,061 | ||
| TOTAL INVESTMENT IN SECURITIES - 101.9% | |||
| (Cost $15,301,841) | 29,821,098 | ||
| NET OTHER ASSETS (LIABILITIES) - (1.9)% | (564,122) | ||
| NET ASSETS - 100% | $29,256,976 |
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 (including private placements) - 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 $821,670,000 or 2.8% 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 $42,516,000 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 |
| ACV Auctions, Inc. Series E | 11/6/19 | $4,790 |
| Agbiome LLC Series C | 6/29/18 | $6,912 |
| Alignment Healthcare Partners unit | 2/28/20 | $3,509 |
| Allbirds, Inc. | 10/9/18 | $1,986 |
| 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 |
| Allbirds, Inc. Series Seed | 10/9/18 | $421 |
| Ant International Co. Ltd. Class C | 5/16/18 | $24,503 |
| AppNexus, Inc. Series E (Escrow) | 8/1/14 | $— |
| 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 |
| Blink Health LLC Series C | 11/7/19 | $3,423 |
| 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 |
| Generation Bio Series C | 1/9/20 | $2,661 |
| 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 | $13,959 |
| 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 |
| Oak Street Health LLC Series III-E | 2/21/20 | $5,000 |
| Reddit, Inc. Series B | 7/26/17 | $7,442 |
| Riskified Ltd. | 12/20/19 - 4/15/20 | $3,324 |
| Riskified Ltd. Series E | 10/28/19 | $3,520 |
| Riskified Ltd. warrants | 10/28/19 | $— |
| Roofoods Ltd. Series F | 9/12/17 | $14,829 |
| Snowflake Computing, Inc. Class B | 3/19/20 | $871 |
| Sonder Holdings, Inc. Series D | 12/20/19 | $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 | $20,936 |
| 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 | $18,802 |
| 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 | $102 |
| Fidelity Securities Lending Cash Central Fund | 7,732 |
| Total | $7,834 |
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. Securities, including private placements or other restricted securities, for which observable inputs are not available are valued using alternate valuation approaches, including the market approach, the income approach and cost approach are categorized as Level 3 in the hierarchy. The market approach considers factors including the price of recent investments in the same or a similar security or financial metrics of comparable securities. The income approach considers factors including expected future cash flows, security specific risks and corresponding discount rates. The cost approach considers factors including the value of the security's underlying assets and liabilities.
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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