NPORT-EX 2 QTLY_312_20200430.htm

Quarterly Holdings Report
for

Fidelity® Blue Chip Growth Fund

April 30, 2020







BCF-QTLY-0620
1.800333.116





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 
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 
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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