NPORT-EX 2 QTLY_2611_20200430.htm

Quarterly Holdings Report
for

Fidelity® Series Blue Chip Growth Fund

April 30, 2020







XS1-QTLY-0620
1.967990.106





Schedule of Investments April 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.6%   
 Shares Value 
COMMUNICATION SERVICES - 12.9%   
Entertainment - 3.4%   
Activision Blizzard, Inc. 543,548 $34,640,314 
Netflix, Inc. (a) 193,424 81,209,066 
Nintendo Co. Ltd. 12,000 4,955,092 
Nintendo Co. Ltd. ADR 32,500 1,671,800 
Roku, Inc. Class A (a) 78,555 9,523,223 
Sea Ltd. ADR (a) 641,531 35,656,293 
Take-Two Interactive Software, Inc. (a) 8,300 1,004,715 
WME Entertainment Parent, LLC Class A (a)(b)(c)(d) 3,194,617 4,759,979 
  173,420,482 
Interactive Media & Services - 9.3%   
Alphabet, Inc. Class A (a) 187,813 252,927,767 
Facebook, Inc. Class A (a) 953,610 195,213,503 
Match Group, Inc. (a)(e) 124,869 9,609,918 
Snap, Inc. Class A (a) 40,600 714,966 
Tencent Holdings Ltd. 463,800 24,381,705 
Twitter, Inc. (a) 54,700 1,568,796 
  484,416,655 
Wireless Telecommunication Services - 0.2%   
T-Mobile U.S., Inc. (a) 106,938 9,389,156 
TOTAL COMMUNICATION SERVICES  667,226,293 
CONSUMER DISCRETIONARY - 24.7%   
Auto Components - 0.1%   
BorgWarner, Inc. 136,600 3,902,662 
Lear Corp. 35,500 3,466,575 
  7,369,237 
Automobiles - 2.9%   
General Motors Co. 84,000 1,872,360 
Tesla, Inc. (a)(e) 187,207 146,373,409 
  148,245,769 
Diversified Consumer Services - 0.1%   
Afya Ltd. 109,552 2,381,660 
New Oriental Education & Technology Group, Inc. sponsored ADR (a) 8,600 1,097,876 
  3,479,536 
Hotels, Restaurants & Leisure - 2.4%   
Aristocrat Leisure Ltd. 70,189 1,151,085 
Boyd Gaming Corp. 386,700 6,454,023 
Chipotle Mexican Grill, Inc. (a) 7,842 6,889,589 
Churchill Downs, Inc. 84,852 8,503,867 
Darden Restaurants, Inc. 95,429 7,041,706 
Eldorado Resorts, Inc. (a) 307,747 6,598,096 
Evolution Gaming Group AB (f) 58,300 2,669,940 
Extended Stay America, Inc. unit 500 5,435 
Hilton Worldwide Holdings, Inc. 19,200 1,453,632 
Las Vegas Sands Corp. 22,800 1,094,856 
Marriott International, Inc. Class A 16,800 1,527,792 
MGM Mirage, Inc. 226,600 3,813,678 
Penn National Gaming, Inc. (a) 451,335 8,042,790 
Planet Fitness, Inc. (a) 188,648 11,381,134 
Shake Shack, Inc. Class A (a)(e) 63,530 3,463,020 
Starbucks Corp. 504,339 38,697,931 
Texas Roadhouse, Inc. Class A 141,300 6,653,817 
Vail Resorts, Inc. 45,076 7,707,996 
Wingstop, Inc. 28,200 3,307,014 
  126,457,401 
Household Durables - 0.4%   
D.R. Horton, Inc. 43,700 2,063,514 
Lennar Corp. Class A 90,000 4,506,300 
Mohawk Industries, Inc. (a) 35,400 3,105,288 
Sony Corp. sponsored ADR 77,900 5,005,075 
Tempur Sealy International, Inc. (a) 68,300 3,671,125 
  18,351,302 
Internet & Direct Marketing Retail - 10.5%   
Alibaba Group Holding Ltd. sponsored ADR (a) 195,388 39,599,286 
Amazon.com, Inc. (a) 166,980 413,108,522 
Chewy, Inc. 13,700 592,388 
Delivery Hero AG (a)(f) 34,400 2,902,687 
Farfetch Ltd. Class A (a) 133,100 1,762,244 
Fiverr International Ltd. 27,700 1,086,671 
MercadoLibre, Inc. (a) 19,182 11,192,889 
Ocado Group PLC (a) 133,963 2,707,215 
Pinduoduo, Inc. ADR (a) 502,898 23,857,481 
The Booking Holdings, Inc. (a) 15,612 23,114,659 
The Honest Co., Inc. (a)(c)(d) 71,609 852,147 
The RealReal, Inc. (e) 589,831 6,924,616 
Wayfair LLC Class A (a) 156,788 19,447,984 
  547,148,789 
Leisure Products - 0.3%   
American Outdoor Brands Corp. (a) 12,919 122,278 
Callaway Golf Co. 89,400 1,280,208 
Peloton Interactive, Inc.:   
Class A (a) 17,700 557,550 
Class B 377,252 11,883,438 
Sturm, Ruger & Co., Inc. 5,100 271,320 
  14,114,794 
Multiline Retail - 0.5%   
Dollar General Corp. 35,225 6,174,943 
Dollar Tree, Inc. (a) 228,961 18,241,323 
Ollie's Bargain Outlet Holdings, Inc. (a) 15,100 1,025,441 
  25,441,707 
Specialty Retail - 3.4%   
American Eagle Outfitters, Inc. 63,500 504,825 
Burlington Stores, Inc. (a) 52,803 9,646,580 
Carvana Co. Class A (a)(e) 281,431 22,545,437 
Dick's Sporting Goods, Inc. 75,300 2,213,067 
Five Below, Inc. (a) 94,084 8,482,613 
Floor & Decor Holdings, Inc. Class A (a) 282,340 11,971,216 
Lowe's Companies, Inc. 427,506 44,781,254 
RH (a)(e) 298,804 42,962,039 
Ross Stores, Inc. 23,400 2,137,824 
The Home Depot, Inc. 139,203 30,600,995 
TJX Companies, Inc. 55,200 2,707,560 
  178,553,410 
Textiles, Apparel & Luxury Goods - 4.1%   
adidas AG 26,495 6,065,568 
Allbirds, Inc. (a)(c)(d) 40,405 330,513 
Anta Sports Products Ltd. 58,000 493,930 
Canada Goose Holdings, Inc. (a)(e) 48,100 1,148,636 
Carter's, Inc. 13,800 1,079,160 
Crocs, Inc. (a) 299,484 7,262,487 
Deckers Outdoor Corp. (a) 48,795 7,258,744 
lululemon athletica, Inc. (a) 567,174 126,752,046 
LVMH Moet Hennessy Louis Vuitton SE 18,061 6,982,255 
Moncler SpA 154,923 5,823,192 
NIKE, Inc. Class B 407,413 35,518,265 
PVH Corp. 95,020 4,677,835 
Skechers U.S.A., Inc. Class A (sub. vtg.) (a) 30,785 867,521 
Tory Burch LLC (a)(b)(c)(d) 106,817 5,290,646 
VF Corp. 9,400 546,140 
  210,096,938 
TOTAL CONSUMER DISCRETIONARY  1,279,258,883 
CONSUMER STAPLES - 1.1%   
Beverages - 0.1%   
Constellation Brands, Inc. Class A (sub. vtg.) 9,800 1,613,962 
Monster Beverage Corp. (a) 25,600 1,582,336 
  3,196,298 
Food & Staples Retailing - 0.4%   
Costco Wholesale Corp. 24,456 7,410,168 
Kroger Co. 237,800 7,516,858 
Performance Food Group Co. (a) 132,855 3,899,294 
U.S. Foods Holding Corp. (a) 58,100 1,249,150 
  20,075,470 
Food Products - 0.0%   
Freshpet, Inc. (a) 11,200 844,592 
Personal Products - 0.2%   
Estee Lauder Companies, Inc. Class A 39,129 6,902,356 
Herbalife Nutrition Ltd. (a) 95,100 3,551,985 
  10,454,341 
Tobacco - 0.4%   
Altria Group, Inc. 530,884 20,837,197 
JUUL Labs, Inc. Class B (a)(c)(d) 2,450 288,218 
  21,125,415 
TOTAL CONSUMER STAPLES  55,696,116 
ENERGY - 0.4%   
Oil, Gas & Consumable Fuels - 0.4%   
Reliance Industries Ltd. 1,037,221 20,170,733 
Scorpio Tankers, Inc. (e) 58,200 1,273,998 
  21,444,731 
FINANCIALS - 1.3%   
Banks - 0.3%   
Bank of America Corp. 310,095 7,457,785 
Citigroup, Inc. 114,300 5,550,408 
JPMorgan Chase & Co. 8,000 766,080 
Kotak Mahindra Bank Ltd. 148,976 2,675,943 
  16,450,216 
Capital Markets - 0.4%   
BlackRock, Inc. Class A 3,800 1,907,752 
Goldman Sachs Group, Inc. 8,600 1,577,412 
Lazard Ltd. Class A 19,300 530,750 
London Stock Exchange Group PLC 34,321 3,223,027 
Moody's Corp. 4,200 1,024,380 
Morgan Stanley 54,600 2,152,878 
MSCI, Inc. 25,355 8,291,085 
  18,707,284 
Consumer Finance - 0.3%   
Ally Financial, Inc. 290,887 4,767,638 
Capital One Financial Corp. 37,700 2,441,452 
Discover Financial Services 70,300 3,020,791 
LendingTree, Inc. (a) 4,600 1,147,102 
Oportun Financial Corp. (a) 90,408 676,252 
Synchrony Financial 169,500 3,354,405 
  15,407,640 
Diversified Financial Services - 0.0%   
VectoIQ Acquisition Corp. (a)(e) 109,069 1,445,164 
Insurance - 0.3%   
American International Group, Inc. 20,200 513,686 
eHealth, Inc. (a) 141,237 15,069,988 
First American Financial Corp. 12,100 558,052 
  16,141,726 
TOTAL FINANCIALS  68,152,030 
HEALTH CARE - 12.8%   
Biotechnology - 5.2%   
ACADIA Pharmaceuticals, Inc. (a) 138,157 6,674,365 
Acceleron Pharma, Inc. (a) 85,920 7,778,338 
Agios Pharmaceuticals, Inc. (a) 134,711 5,542,011 
Aimmune Therapeutics, Inc. (a)(e) 141,182 2,417,036 
Allakos, Inc. (a)(e) 23,230 1,527,605 
Alnylam Pharmaceuticals, Inc. (a) 352,281 46,395,408 
Arcutis Biotherapeutics, Inc. (a) 73,700 2,190,364 
Argenx SE ADR (a) 16,037 2,349,260 
Arrowhead Pharmaceuticals, Inc. (a) 32,700 1,125,861 
Ascendis Pharma A/S sponsored ADR (a) 132,696 18,010,828 
Aurinia Pharmaceuticals, Inc. (a) 110,900 1,911,916 
BeiGene Ltd. (a) 148,600 1,812,339 
BeiGene Ltd. ADR (a) 32,606 4,983,175 
BioNTech SE ADR (a) 17,518 831,755 
Black Diamond Therapeutics, Inc. (a) 32,300 1,196,392 
bluebird bio, Inc. (a)(e) 69,178 3,727,311 
Bridgebio Pharma, Inc. (e) 38,934 1,188,655 
Cibus Corp. Series C (a)(b)(c)(d) 1,125,194 1,710,295 
Coherus BioSciences, Inc. (a)(e) 169,670 2,816,522 
Crinetics Pharmaceuticals, Inc. (a) 81,548 1,360,221 
CytomX Therapeutics, Inc. (a)(f) 137,854 1,422,653 
FibroGen, Inc. (a) 84,686 3,124,067 
Global Blood Therapeutics, Inc. (a) 154,295 11,806,653 
Immunomedics, Inc. (a) 36,900 1,121,022 
Intercept Pharmaceuticals, Inc. (a) 112,992 9,256,305 
Ionis Pharmaceuticals, Inc. (a) 72,666 4,035,143 
Karuna Therapeutics, Inc. (a) 40,000 3,323,200 
Mirati Therapeutics, Inc. (a) 11,900 1,011,976 
Morphic Holding, Inc. 43,594 593,314 
Neurocrine Biosciences, Inc. (a) 95,488 9,371,192 
Passage Bio, Inc. 35,100 580,905 
Principia Biopharma, Inc. (a) 44,107 2,742,573 
Regeneron Pharmaceuticals, Inc. (a) 75,500 39,703,940 
Revolution Medicines, Inc. 16,000 500,320 
Sage Therapeutics, Inc. (a) 169,867 6,621,416 
Sarepta Therapeutics, Inc. (a) 83,936 9,894,376 
Seattle Genetics, Inc. (a) 22,200 3,046,506 
Turning Point Therapeutics, Inc. 109,349 5,632,567 
Vertex Pharmaceuticals, Inc. (a) 104,162 26,165,494 
Xencor, Inc. (a) 114,918 3,359,053 
Zai Lab Ltd. ADR (a) 129,964 8,151,342 
  267,013,674 
Health Care Equipment & Supplies - 2.7%   
Axonics Modulation Technologies, Inc. (a)(e) 112,320 3,617,827 
Becton, Dickinson & Co. 16,400 4,141,492 
Boston Scientific Corp. (a) 609,349 22,838,401 
DexCom, Inc. (a) 70,315 23,569,588 
Insulet Corp. (a) 89,098 17,794,653 
Intuitive Surgical, Inc. (a) 77,846 39,769,964 
Masimo Corp. (a) 32,200 6,887,902 
Nevro Corp. (a) 13,000 1,529,320 
Novocure Ltd. (a) 62,207 4,093,221 
Shockwave Medical, Inc. (a) 171,533 6,881,904 
Tandem Diabetes Care, Inc. (a) 116,817 9,319,660 
  140,443,932 
Health Care Providers & Services - 2.4%   
1Life Healthcare, Inc. (a) 62,859 1,550,732 
Alignment Healthcare Partners unit (c)(d) 54,574 824,166 
Cigna Corp. 64,800 12,686,544 
Guardant Health, Inc. (a) 62,280 4,793,069 
Humana, Inc. 38,909 14,856,234 
UnitedHealth Group, Inc. 310,728 90,878,618 
  125,589,363 
Health Care Technology - 0.0%   
Phreesia, Inc. 37,900 962,281 
Life Sciences Tools & Services - 0.4%   
10X Genomics, Inc. (a) 53,733 4,291,655 
IQVIA Holdings, Inc. (a) 27,446 3,913,525 
Thermo Fisher Scientific, Inc. 37,138 12,429,346 
  20,634,526 
Pharmaceuticals - 2.1%   
AstraZeneca PLC sponsored ADR 414,035 21,645,750 
Axsome Therapeutics, Inc. (a)(e) 13,300 1,263,899 
Bristol-Myers Squibb Co. 473,463 28,791,285 
Chiasma, Inc. warrants 12/16/24 (a) 23,784 31,446 
Eli Lilly & Co. 107,900 16,685,656 
Hansoh Pharmaceutical Group Co. Ltd. (f) 608,000 2,347,656 
Horizon Pharma PLC (a) 110,899 3,996,800 
Intra-Cellular Therapies, Inc. (a) 90,800 1,604,436 
MyoKardia, Inc. (a) 25,655 1,611,647 
Nektar Therapeutics (a) 166,951 3,205,459 
OptiNose, Inc. (a) 244,379 987,291 
Roche Holding AG (participation certificate) 16,981 5,880,476 
Sanofi SA sponsored ADR 31,700 1,484,511 
Zoetis, Inc. Class A 162,079 20,958,435 
  110,494,747 
TOTAL HEALTH CARE  665,138,523 
INDUSTRIALS - 6.5%   
Aerospace & Defense - 0.2%   
Lockheed Martin Corp. 1,300 505,778 
Northrop Grumman Corp. 21,281 7,036,988 
Space Exploration Technologies Corp.:   
Class A (a)(c)(d) 22,703 4,994,660 
Class C (a)(c)(d) 686 150,920 
  12,688,346 
Air Freight & Logistics - 0.1%   
XPO Logistics, Inc. (a) 41,600 2,776,384 
Airlines - 0.3%   
Delta Air Lines, Inc. 53,900 1,396,549 
JetBlue Airways Corp. (a) 145,300 1,415,222 
Southwest Airlines Co. 89,700 2,803,125 
Spirit Airlines, Inc. (a) 416,240 6,251,925 
United Airlines Holdings, Inc. (a) 47,300 1,399,134 
  13,265,955 
Building Products - 0.0%   
Fortune Brands Home & Security, Inc. 33,200 1,600,240 
Commercial Services & Supplies - 0.2%   
Cintas Corp. 14,900 3,305,267 
Copart, Inc. (a) 18,500 1,482,035 
HomeServe PLC 302,999 4,255,144 
KAR Auction Services, Inc. 80,600 1,207,388 
  10,249,834 
Construction & Engineering - 0.1%   
Dycom Industries, Inc. (a) 180,407 5,881,268 
Electrical Equipment - 0.1%   
Sensata Technologies, Inc. PLC (a) 79,600 2,895,848 
Industrial Conglomerates - 0.9%   
General Electric Co. 6,752,938 45,919,978 
Professional Services - 0.2%   
Equifax, Inc. 72,687 10,096,224 
Road & Rail - 4.4%   
Knight-Swift Transportation Holdings, Inc. Class A 275,852 10,256,177 
Lyft, Inc. (a)(e) 3,159,340 103,721,132 
Uber Technologies, Inc. 3,807,275 115,246,214 
  229,223,523 
TOTAL INDUSTRIALS  334,597,600 
INFORMATION TECHNOLOGY - 36.3%   
Electronic Equipment & Components - 0.5%   
Flextronics International Ltd. (a) 359,800 3,511,648 
FLIR Systems, Inc. 88,100 3,823,540 
II-VI, Inc. (a)(e) 354,700 12,208,774 
Jabil, Inc. 302,800 8,611,632 
  28,155,594 
IT Services - 6.2%   
Akamai Technologies, Inc. (a) 84,224 8,229,527 
Alliance Data Systems Corp. 94,400 4,726,608 
Black Knight, Inc. (a) 73,838 5,210,748 
Endava PLC ADR (a) 67,124 2,938,017 
Fiserv, Inc. (a) 27,271 2,810,549 
MasterCard, Inc. Class A 282,381 77,646,304 
MongoDB, Inc. Class A (a) 37,680 6,109,058 
PayPal Holdings, Inc. (a) 207,462 25,517,826 
Riskified Ltd. (c)(d) 3,218 595,539 
Riskified Ltd. warrants (a)(c)(d) 692 1 
Shopify, Inc. Class A (a) 84,014 53,281,999 
Square, Inc. (a) 100,500 6,546,570 
Twilio, Inc. Class A (a) 162,470 18,245,381 
Visa, Inc. Class A 616,321 110,148,889 
  322,007,016 
Semiconductors & Semiconductor Equipment - 10.4%   
Advanced Micro Devices, Inc. (a) 698,852 36,612,856 
Cirrus Logic, Inc. (a) 64,100 4,845,960 
Enphase Energy, Inc. (a) 84,400 3,952,452 
Inphi Corp. (a) 11,300 1,090,902 
Lam Research Corp. 63,199 16,133,441 
Marvell Technology Group Ltd. (e) 5,864,779 156,824,190 
Micron Technology, Inc. (a) 1,072,906 51,381,468 
NVIDIA Corp. 477,199 139,475,724 
NXP Semiconductors NV 619,035 61,637,315 
Qualcomm, Inc. 578,008 45,471,889 
SolarEdge Technologies, Inc. (a)(e) 54,700 6,103,973 
STMicroelectronics NV (NY Shares) unit (e) 246,600 6,305,562 
Synaptics, Inc. (a) 33,400 2,184,026 
Universal Display Corp. 48,373 7,261,755 
  539,281,513 
Software - 12.7%   
Adobe, Inc. (a) 208,071 73,582,228 
Atom Tickets LLC (a)(b)(c)(d) 344,068 347,509 
Avalara, Inc. (a) 31,900 2,850,903 
Cloudflare, Inc. (a) 406,580 9,579,025 
Coupa Software, Inc. (a) 36,814 6,482,577 
Crowdstrike Holdings, Inc. 67,200 4,546,752 
Elastic NV (a) 121,650 7,802,631 
Fair Isaac Corp. (a) 11,000 3,882,340 
HubSpot, Inc. (a) 44,192 7,452,097 
Lightspeed POS, Inc. (a) 252,733 4,787,937 
Microsoft Corp. 1,965,900 352,308,939 
Palo Alto Networks, Inc. (a) 2,700 530,577 
Paycom Software, Inc. (a) 26,535 6,926,166 
RingCentral, Inc. (a) 56,239 12,852,299 
Salesforce.com, Inc. (a) 721,670 116,874,457 
ServiceNow, Inc. (a) 47,823 16,811,697 
Snowflake Computing, Inc. Class B (c)(d) 4,224 163,764 
Tanium, Inc. Class B (a)(c)(d) 151,000 1,774,250 
The Trade Desk, Inc. (a)(e) 43,105 12,611,661 
Workday, Inc. Class A (a) 61,180 9,415,602 
Zendesk, Inc. (a) 14,900 1,145,512 
Zoom Video Communications, Inc. Class A 24,800 3,352,216 
  656,081,139 
Technology Hardware, Storage & Peripherals - 6.5%   
Apple, Inc. 1,112,634 326,891,869 
Pure Storage, Inc. Class A (a) 81,500 1,173,600 
Western Digital Corp. 225,576 10,394,542 
  338,460,011 
TOTAL INFORMATION TECHNOLOGY  1,883,985,273 
MATERIALS - 0.2%   
Chemicals - 0.2%   
The Chemours Co. LLC 848,307 9,950,641 
Metals & Mining - 0.0%   
First Quantum Minerals Ltd. 189,600 1,157,800 
Lundin Mining Corp. 229,700 1,125,438 
  2,283,238 
TOTAL MATERIALS  12,233,879 
REAL ESTATE - 0.3%   
Equity Real Estate Investment Trusts (REITs) - 0.2%   
Ant International Co. Ltd. Class C (a)(c)(d) 1,065,661 7,907,205 
Equinix, Inc. 4,700 3,173,440 
Prologis, Inc. 5,800 517,534 
  11,598,179 
Real Estate Management & Development - 0.1%   
Redfin Corp. (a)(e) 217,881 4,603,826 
TOTAL REAL ESTATE  16,202,005 
UTILITIES - 0.1%   
Electric Utilities - 0.1%   
NextEra Energy, Inc. 13,293 3,072,278 
TOTAL COMMON STOCKS   
(Cost $2,547,588,472)  5,007,007,611 
Preferred Stocks - 3.1%   
Convertible Preferred Stocks - 3.0%   
CONSUMER DISCRETIONARY - 0.4%   
Hotels, Restaurants & Leisure - 0.1%   
MOD Super Fast Pizza Holdings LLC Series 3 (a)(b)(c)(d) 32,826 4,548,699 
Neutron Holdings, Inc. Series C (a)(c)(d) 12,405,800 1,984,928 
Topgolf International, Inc. Series F (a)(c)(d) 106,191 970,586 
  7,504,213 
Internet & Direct Marketing Retail - 0.3%   
Reddit, Inc. Series B (a)(c)(d) 129,280 3,949,504 
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 
  14,479,474 
Textiles, Apparel & Luxury Goods - 0.0%   
Allbirds, Inc.:   
Series A (a)(c)(d) 15,945 130,430 
Series B (a)(c)(d) 2,800 22,904 
Series C (a)(c)(d) 26,775 219,020 
Series Seed (a)(c)(d) 8,575 70,144 
  442,498 
TOTAL CONSUMER DISCRETIONARY  22,426,185 
CONSUMER STAPLES - 1.7%   
Food & Staples Retailing - 0.2%   
Blink Health LLC Series C (c)(d) 19,765 783,682 
Sweetgreen, Inc. Series H (a)(c)(d) 725,140 9,803,893 
  10,587,575 
Food Products - 0.0%   
Agbiome LLC Series C (a)(c)(d) 266,499 1,687,925 
Tobacco - 1.5%   
JUUL Labs, Inc.:   
Series C (a)(c)(d) 660,029 77,645,812 
Series D (a)(c)(d) 5,110 601,140 
  78,246,952 
TOTAL CONSUMER STAPLES  90,522,452 
HEALTH CARE - 0.2%   
Biotechnology - 0.1%   
23andMe, Inc. Series F (a)(c)(d) 195,114 3,188,163 
Generation Bio:   
Series B (a)(c)(d) 110,000 667,700 
Series C (c)(d) 93,200 497,688 
Immunocore Ltd. Series A (a)(c)(d) 4,035 488,846 
  4,842,397 
Health Care Providers & Services - 0.1%   
Mulberry Health, Inc. Series A-8 (a)(c)(d) 813,618 4,743,393 
Pharmaceuticals - 0.0%   
Castle Creek Pharmaceutical Holdings, Inc. Series B (a)(c)(d) 1,069 426,595 
TOTAL HEALTH CARE  10,012,385 
INDUSTRIALS - 0.2%   
Aerospace & Defense - 0.2%   
Space Exploration Technologies Corp.:   
Series G (a)(c)(d) 42,650 9,383,000 
Series H (a)(c)(d) 6,348 1,396,560 
  10,779,560 
Professional Services - 0.0%   
YourPeople, Inc. Series C (a)(c)(d) 253,888 766,742 
TOTAL INDUSTRIALS  11,546,302 
INFORMATION TECHNOLOGY - 0.5%   
Internet Software & Services - 0.1%   
ContextLogic, Inc. Series G (a)(c)(d) 34,750 4,593,603 
Starry, Inc. Series C (a)(c)(d) 1,477,502 1,861,653 
  6,455,256 
IT Services - 0.0%   
AppNexus, Inc. Series E (Escrow) (a)(c)(d) 307,049 9,617 
Riskified Ltd. Series E (c)(d) 3,300 610,715 
  620,332 
Software - 0.4%   
ACV Auctions, Inc. Series E (c)(d) 191,408 891,961 
Compass, Inc. Series E (a)(c)(d) 13,605 1,385,669 
Dataminr, Inc. Series D (a)(c)(d) 115,901 1,900,776 
Delphix Corp. Series D (a)(c)(d) 242,876 1,233,810 
Jet.Com, Inc. Series B1 (Escrow) (a)(c)(d) 922,232 9 
Malwarebytes Corp. Series B (a)(c)(d) 329,349 5,542,944 
Taboola.Com Ltd. Series E (a)(c)(d) 289,958 6,550,151 
  17,505,320 
TOTAL INFORMATION TECHNOLOGY  24,580,908 
TOTAL CONVERTIBLE PREFERRED STOCKS  159,088,232 
Nonconvertible Preferred Stocks - 0.1%   
HEALTH CARE - 0.1%   
Pharmaceuticals - 0.1%   
Castle Creek Pharmaceutical Holdings, Inc. Series A4 (a)(c)(d) 9,636 3,845,342 
TOTAL PREFERRED STOCKS   
(Cost $72,234,194)  162,933,574 
Money Market Funds - 4.4%   
Fidelity Cash Central Fund 0.16% (g) 12,134,521 12,138,161 
Fidelity Securities Lending Cash Central Fund 0.11% (g)(h) 216,476,217 216,497,864 
TOTAL MONEY MARKET FUNDS   
(Cost $228,635,996)  228,636,025 
TOTAL INVESTMENT IN SECURITIES - 104.1%   
(Cost $2,848,458,662)  5,398,577,210 
NET OTHER ASSETS (LIABILITIES) - (4.1)%  (212,880,525) 
NET ASSETS - 100%  $5,185,696,685 

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 (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 $192,923,386 or 3.7% 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 $9,342,936 or 0.2% 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 
ACV Auctions, Inc. Series E 11/6/19 $1,058,525 
Agbiome LLC Series C 6/29/18 $1,687,925 
Alignment Healthcare Partners unit 2/28/20 $661,361 
Allbirds, Inc. 10/9/18 $443,128 
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 
Allbirds, Inc. Series Seed 10/9/18 $94,043 
Ant International Co. Ltd. Class C 5/16/18 $5,978,358 
AppNexus, Inc. Series E (Escrow) 8/1/14 $0 
Atom Tickets LLC 8/15/17 $2,064,125 
Blink Health LLC Series C 11/7/19 $754,549 
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 $2,024,547 
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 
Generation Bio Series C 1/9/20 $521,118 
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 11/3/16 - 5/15/19 $4,613,294 
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. 12/20/19 - 4/15/20 $727,408 
Riskified Ltd. Series E 10/28/19 $784,938 
Riskified Ltd. warrants 10/28/19 $1 
Snowflake Computing, Inc. Class B 3/19/20 $163,834 
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 $7,746,118 
WME Entertainment Parent, LLC Class A 4/13/16 - 8/16/16 $6,002,909 
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 $265,911 
Fidelity Securities Lending Cash Central Fund 1,743,099 
Total $2,009,010 

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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