Quarterly Holdings Report
for
Fidelity® Blue Chip Growth Fund
October 31, 2020
Schedule of Investments October 31, 2020 (Unaudited)
Showing Percentage of Net Assets
| Common Stocks - 98.2% | |||
| Shares | Value (000s) | ||
| COMMUNICATION SERVICES - 15.0% | |||
| Entertainment - 3.4% | |||
| Activision Blizzard, Inc. | 2,706,213 | $204,942 | |
| CD Projekt RED SA (a) | 31,655 | 2,682 | |
| CD Projekt RED SA ADR (a) | 705,018 | 15,510 | |
| Netflix, Inc. (a) | 1,100,898 | 523,741 | |
| Nintendo Co. Ltd. | 63,696 | 34,440 | |
| Nintendo Co. Ltd. ADR | 171,489 | 11,615 | |
| Roku, Inc. Class A (a) | 436,029 | 88,252 | |
| Sea Ltd. ADR (a)(b)(c) | 2,648,426 | 417,657 | |
| Spotify Technology SA (a) | 123,437 | 29,611 | |
| Take-Two Interactive Software, Inc. (a) | 43,791 | 6,784 | |
| WME Entertainment Parent, LLC Class A (a)(d)(e)(f) | 10,172,512 | 15,157 | |
| 1,350,391 | |||
| Interactive Media & Services - 11.3% | |||
| Alphabet, Inc. Class A (a) | 1,313,283 | 2,122,410 | |
| Facebook, Inc. Class A (a) | 6,593,049 | 1,734,697 | |
| Match Group, Inc. (a)(b) | 950,286 | 110,974 | |
| Pinterest, Inc. Class A (a) | 411,000 | 24,228 | |
| Snap, Inc. Class A (a) | 3,275,980 | 129,041 | |
| Tencent Holdings Ltd. | 3,175,186 | 242,602 | |
| Twitter, Inc. (a)(b) | 561,316 | 23,216 | |
| Yandex NV Series A (a) | 476,779 | 27,448 | |
| Zillow Group, Inc. Class C (a)(b) | 119,500 | 10,590 | |
| Zoominfo Technologies, Inc. | 1,635,563 | 62,135 | |
| 4,487,341 | |||
| Wireless Telecommunication Services - 0.3% | |||
| T-Mobile U.S., Inc. | 1,027,364 | 112,568 | |
| TOTAL COMMUNICATION SERVICES | 5,950,300 | ||
| CONSUMER DISCRETIONARY - 29.5% | |||
| Automobiles - 3.4% | |||
| Ford Motor Co. | 2,050,300 | 15,849 | |
| General Motors Co. | 697,700 | 24,092 | |
| Harley-Davidson, Inc. | 2,147,727 | 70,617 | |
| Neutron Holdings, Inc. warrants (a)(e)(f)(g) | 7,152,433 | 0 | |
| NIO, Inc. sponsored ADR (a) | 351,800 | 10,758 | |
| Tesla, Inc. (a)(c) | 3,045,835 | 1,181,906 | |
| XPeng, Inc. ADR (a)(b) | 1,873,900 | 36,316 | |
| 1,339,538 | |||
| Diversified Consumer Services - 0.2% | |||
| Bright Horizons Family Solutions, Inc. (a)(b) | 447,915 | 70,793 | |
| FSN Ecommerce Ventures Pvt Ltd. (e)(f) | 204,681 | 16,637 | |
| 87,430 | |||
| Hotels, Restaurants & Leisure - 3.2% | |||
| Boyd Gaming Corp. | 1,432,896 | 45,451 | |
| Caesars Entertainment, Inc. (a) | 3,048,553 | 136,636 | |
| Chipotle Mexican Grill, Inc. (a) | 173,458 | 208,406 | |
| Churchill Downs, Inc. | 464,073 | 69,216 | |
| Darden Restaurants, Inc. | 426,972 | 39,247 | |
| Dunkin' Brands Group, Inc. | 733,106 | 73,098 | |
| Evolution Gaming Group AB (h) | 355,396 | 26,400 | |
| Hilton Worldwide Holdings, Inc. | 494,828 | 43,451 | |
| Kambi Group PLC (a) | 449,186 | 14,589 | |
| Las Vegas Sands Corp. | 874,336 | 42,021 | |
| Marriott International, Inc. Class A | 616,855 | 57,293 | |
| Penn National Gaming, Inc. (a) | 4,273,079 | 230,661 | |
| Starbucks Corp. | 1,254,324 | 109,076 | |
| Texas Roadhouse, Inc. Class A (b) | 737,876 | 51,673 | |
| Vail Resorts, Inc. | 248,194 | 57,591 | |
| Wendy's Co. | 1,655,066 | 36,163 | |
| Wynn Resorts Ltd. (b) | 576,748 | 41,774 | |
| 1,282,746 | |||
| Household Durables - 1.2% | |||
| D.R. Horton, Inc. | 295,778 | 19,761 | |
| iRobot Corp. (a)(b) | 273,101 | 21,733 | |
| KB Home | 552,537 | 17,819 | |
| Lennar Corp. Class A | 485,419 | 34,091 | |
| Purple Innovation, Inc. (a)(b) | 152,700 | 4,332 | |
| Sony Corp. sponsored ADR | 337,233 | 28,213 | |
| Taylor Morrison Home Corp. (a) | 1,899,757 | 41,035 | |
| Tempur Sealy International, Inc. (a) | 408,148 | 36,325 | |
| Toll Brothers, Inc. | 1,035,768 | 43,792 | |
| TRI Pointe Homes, Inc. (a) | 2,398,079 | 39,400 | |
| Tupperware Brands Corp. (i) | 4,280,100 | 135,765 | |
| Whirlpool Corp. | 221,412 | 40,952 | |
| 463,218 | |||
| Internet & Direct Marketing Retail - 12.2% | |||
| Alibaba Group Holding Ltd. sponsored ADR (a) | 1,279,150 | 389,744 | |
| Amazon.com, Inc. (a) | 1,148,682 | 3,487,571 | |
| Bygghemma Group First AB (a) | 329,970 | 5,154 | |
| Delivery Hero AG (a)(h) | 175,723 | 20,216 | |
| eBay, Inc. | 941,800 | 44,858 | |
| Etsy, Inc. (a) | 207,492 | 25,229 | |
| Expedia, Inc. | 823,706 | 77,552 | |
| Farfetch Ltd. Class A (a) | 1,469,070 | 41,325 | |
| Fiverr International Ltd. (a) | 162,838 | 23,843 | |
| JD.com, Inc.: | |||
| Class A | 332,470 | 13,561 | |
| sponsored ADR (a) | 1,051,378 | 85,708 | |
| Jumia Technologies AG ADR (a)(b) | 855,000 | 12,791 | |
| Kogan.Com Ltd. | 920,342 | 13,323 | |
| MercadoLibre, Inc. (a) | 100,921 | 122,523 | |
| Mercari, Inc. (a) | 88,600 | 3,725 | |
| Ocado Group PLC (a) | 815,090 | 24,033 | |
| Overstock.com, Inc. (a)(b) | 369,800 | 20,746 | |
| Pinduoduo, Inc. ADR (a) | 2,377,905 | 213,964 | |
| The Honest Co., Inc. (a)(e)(f) | 150,143 | 2,649 | |
| The RealReal, Inc. (a)(b) | 3,588,199 | 45,175 | |
| THG Holdings Ltd. | 1,536,100 | 13,126 | |
| Wayfair LLC Class A (a) | 693,460 | 171,999 | |
| 4,858,815 | |||
| Leisure Products - 0.6% | |||
| Bafang Electric Suzhou Co. Ltd. (A Shares) | 167,500 | 4,618 | |
| Mattel, Inc. (a) | 918,700 | 12,650 | |
| Peloton Interactive, Inc. Class A (a) | 1,484,029 | 163,555 | |
| Vista Outdoor, Inc. (a) | 2,056,082 | 40,649 | |
| 221,472 | |||
| Multiline Retail - 0.6% | |||
| Dollar General Corp. | 183,839 | 38,369 | |
| Dollar Tree, Inc. (a) | 727,297 | 65,689 | |
| Nordstrom, Inc. (b) | 728,057 | 8,809 | |
| Ollie's Bargain Outlet Holdings, Inc. (a) | 624,875 | 54,420 | |
| Target Corp. | 442,693 | 67,387 | |
| 234,674 | |||
| Specialty Retail - 4.6% | |||
| American Eagle Outfitters, Inc. (b) | 3,760,569 | 51,557 | |
| Burlington Stores, Inc. (a) | 414,366 | 80,213 | |
| Carvana Co. Class A (a)(b)(c) | 1,550,700 | 287,422 | |
| Cazoo Holdings Ltd. (e)(f) | 331,522 | 4,563 | |
| Dick's Sporting Goods, Inc. (b) | 698,230 | 39,555 | |
| Five Below, Inc. (a) | 826,888 | 110,257 | |
| Floor & Decor Holdings, Inc. Class A (a) | 1,760,651 | 128,528 | |
| John David Group PLC | 442,996 | 4,254 | |
| Lowe's Companies, Inc. | 3,660,492 | 578,724 | |
| RH (a)(b) | 684,358 | 229,417 | |
| Signet Jewelers Ltd. (b) | 944,311 | 21,039 | |
| The Home Depot, Inc. | 1,025,078 | 273,399 | |
| Vroom, Inc. (b) | 402,154 | 16,529 | |
| Williams-Sonoma, Inc. | 197,152 | 17,982 | |
| 1,843,439 | |||
| Textiles, Apparel & Luxury Goods - 3.5% | |||
| adidas AG | 280,925 | 83,431 | |
| Allbirds, Inc. (a)(e)(f) | 181,080 | 2,093 | |
| Anta Sports Products Ltd. | 304,598 | 3,351 | |
| Aritzia LP (a) | 1,193,044 | 18,017 | |
| Capri Holdings Ltd. (a) | 956,200 | 20,291 | |
| Crocs, Inc. (a) | 2,877,554 | 150,582 | |
| Deckers Outdoor Corp. (a) | 286,599 | 72,616 | |
| lululemon athletica, Inc. (a) | 1,513,378 | 483,206 | |
| LVMH Moet Hennessy Louis Vuitton SE | 102,423 | 48,011 | |
| Moncler SpA | 856,117 | 34,260 | |
| NIKE, Inc. Class B | 2,667,304 | 320,290 | |
| Puma AG | 134,400 | 11,746 | |
| PVH Corp. | 1,283,914 | 74,839 | |
| Tory Burch LLC (a)(d)(e)(f) | 293,611 | 17,209 | |
| VF Corp. | 697,051 | 46,842 | |
| 1,386,784 | |||
| TOTAL CONSUMER DISCRETIONARY | 11,718,116 | ||
| CONSUMER STAPLES - 1.6% | |||
| Beverages - 0.7% | |||
| Boston Beer Co., Inc. Class A (a) | 117,112 | 121,700 | |
| Constellation Brands, Inc. Class A (sub. vtg.) | 162,100 | 26,784 | |
| Keurig Dr. Pepper, Inc. | 1,546,090 | 41,590 | |
| Monster Beverage Corp. (a) | 1,044,692 | 79,992 | |
| Nongfu Spring Co. Ltd. (H Shares) (a) | 1,885,200 | 8,633 | |
| 278,699 | |||
| Food & Staples Retailing - 0.4% | |||
| BJ's Wholesale Club Holdings, Inc. (a) | 1,090,354 | 41,750 | |
| Costco Wholesale Corp. | 271,456 | 97,078 | |
| Performance Food Group Co. (a) | 938,832 | 31,554 | |
| Zur Rose Group AG (a) | 24,210 | 6,746 | |
| 177,128 | |||
| Food Products - 0.1% | |||
| Act II Global Acquisition Corp. Class A (a) | 521,234 | 4,269 | |
| Bunge Ltd. | 156,100 | 8,856 | |
| Darling Ingredients, Inc. (a) | 210,500 | 9,052 | |
| Freshpet, Inc. (a) | 117,408 | 13,443 | |
| JDE Peet's BV | 450,427 | 16,052 | |
| 51,672 | |||
| Household Products - 0.1% | |||
| Reckitt Benckiser Group PLC | 260,053 | 22,908 | |
| Personal Products - 0.2% | |||
| Edgewell Personal Care Co. (a) | 292,300 | 7,664 | |
| Herbalife Nutrition Ltd. (a) | 1,054,565 | 47,603 | |
| Nu Skin Enterprises, Inc. Class A | 82,200 | 4,057 | |
| 59,324 | |||
| Tobacco - 0.1% | |||
| JUUL Labs, Inc.: | |||
| Class A (a)(e)(f) | 21,148 | 1,437 | |
| Class B (a)(e)(f) | 6,625 | 450 | |
| Swedish Match Co. AB | 433,579 | 32,675 | |
| 34,562 | |||
| TOTAL CONSUMER STAPLES | 624,293 | ||
| ENERGY - 0.6% | |||
| Oil, Gas & Consumable Fuels - 0.6% | |||
| Reliance Industries Ltd. | 7,638,838 | 210,528 | |
| Reliance Industries Ltd. | 509,255 | 8,068 | |
| Reliance Industries Ltd. sponsored GDR (h) | 444,252 | 24,389 | |
| Renewable Energy Group, Inc. (a) | 280,700 | 15,831 | |
| 258,816 | |||
| FINANCIALS - 0.8% | |||
| Banks - 0.0% | |||
| Kotak Mahindra Bank Ltd. (a) | 779,186 | 16,164 | |
| Capital Markets - 0.1% | |||
| London Stock Exchange Group PLC | 162,594 | 17,527 | |
| Shift Technologies, Inc. Class A (a) | 1,348,548 | 12,002 | |
| 29,529 | |||
| Consumer Finance - 0.2% | |||
| Ally Financial, Inc. | 2,008,512 | 53,587 | |
| Capital One Financial Corp. | 452,283 | 33,053 | |
| 86,640 | |||
| Diversified Financial Services - 0.4% | |||
| Ant International Co. Ltd. Class C (a)(e)(f) | 4,367,660 | 38,310 | |
| DiamondPeak Holdings Corp. (e)(i) | 3,573,266 | 41,968 | |
| dMY Technology Group, Inc. | 727,690 | 8,106 | |
| MultiPlan Corp. (e) | 2,804,950 | 18,429 | |
| MultiPlan Corp. warrants (a)(e) | 138,859 | 1 | |
| Netfin Acquisition Corp. Class A (a) | 1,178,100 | 12,134 | |
| Social Capital Hedosophia Holdings Corp. II Class A (a)(b) | 572,100 | 9,405 | |
| Spartan Energy Acquisition Corp. (a)(b) | 886,300 | 8,987 | |
| 137,340 | |||
| Insurance - 0.1% | |||
| eHealth, Inc. (a)(b) | 594,077 | 39,869 | |
| Root, Inc. | 134,234 | 3,218 | |
| 43,087 | |||
| Thrifts & Mortgage Finance - 0.0% | |||
| Housing Development Finance Corp. Ltd. | 697,722 | 17,994 | |
| TOTAL FINANCIALS | 330,754 | ||
| HEALTH CARE - 8.2% | |||
| Biotechnology - 3.0% | |||
| ACADIA Pharmaceuticals, Inc. (a) | 363,419 | 16,881 | |
| Acceleron Pharma, Inc. (a) | 430,184 | 44,989 | |
| ADC Therapeutics SA (a) | 409,353 | 11,744 | |
| Agios Pharmaceuticals, Inc. (a) | 367,838 | 14,739 | |
| Akouos, Inc. (a) | 244,077 | 4,738 | |
| Allakos, Inc. (a)(b) | 78,276 | 7,446 | |
| Alnylam Pharmaceuticals, Inc. (a) | 790,169 | 97,167 | |
| Annexon, Inc. (a) | 464,857 | 9,674 | |
| Arcutis Biotherapeutics, Inc. (a) | 371,675 | 6,623 | |
| Argenx SE ADR (a) | 80,964 | 20,090 | |
| Ascendis Pharma A/S sponsored ADR (a) | 462,831 | 75,603 | |
| Atea Pharmaceuticals, Inc. | 182,600 | 4,382 | |
| Avidity Biosciences, Inc. | 206,151 | 5,098 | |
| BeiGene Ltd. (a) | 573,959 | 12,741 | |
| BeiGene Ltd. ADR (a) | 133,483 | 39,580 | |
| BioNTech SE ADR (a)(b) | 78,521 | 6,703 | |
| BioXcel Therapeutics, Inc. (a) | 70,173 | 3,206 | |
| Bridgebio Pharma, Inc. (a)(b) | 144,833 | 5,559 | |
| CareDx, Inc. (a) | 83,400 | 4,091 | |
| Cibus Corp. Series C (a)(d)(e)(f) | 4,762,240 | 7,239 | |
| Coherus BioSciences, Inc. (a)(b) | 558,211 | 9,305 | |
| Crinetics Pharmaceuticals, Inc. (a) | 318,544 | 3,848 | |
| CytomX Therapeutics, Inc. (a)(h) | 378,621 | 2,506 | |
| FibroGen, Inc. (a) | 426,301 | 16,361 | |
| Forma Therapeutics Holdings, Inc. | 162,851 | 7,022 | |
| Fusion Pharmaceuticals, Inc. (a) | 273,242 | 3,388 | |
| Generation Bio Co. | 565,648 | 13,886 | |
| Generation Bio Co. | 85,705 | 2,215 | |
| Global Blood Therapeutics, Inc. (a) | 314,229 | 16,616 | |
| Inhibrx, Inc. | 20,823 | 355 | |
| Insmed, Inc. (a) | 226,024 | 7,445 | |
| Ionis Pharmaceuticals, Inc. (a) | 150,491 | 7,066 | |
| Karuna Therapeutics, Inc. (a) | 184,001 | 14,939 | |
| Mirati Therapeutics, Inc. (a) | 57,196 | 12,420 | |
| Moderna, Inc. (a) | 710,777 | 47,956 | |
| Neurocrine Biosciences, Inc. (a) | 418,202 | 41,264 | |
| Novavax, Inc. (a) | 46,800 | 3,777 | |
| Prelude Therapeutics, Inc. | 172,300 | 6,070 | |
| Protagonist Therapeutics, Inc. (a) | 206,291 | 3,909 | |
| Regeneron Pharmaceuticals, Inc. (a) | 555,589 | 301,996 | |
| Relay Therapeutics, Inc. (a) | 157,015 | 5,800 | |
| Revolution Medicines, Inc. | 343,015 | 10,356 | |
| Sage Therapeutics, Inc. (a) | 554,673 | 40,702 | |
| Sarepta Therapeutics, Inc. (a) | 491,525 | 66,803 | |
| Scholar Rock Holding Corp. (a) | 78,100 | 3,038 | |
| Seagen, Inc. (a) | 109,427 | 18,252 | |
| Shattuck Labs, Inc. | 191,300 | 4,945 | |
| Taysha Gene Therapies, Inc. | 228,500 | 4,753 | |
| Turning Point Therapeutics, Inc. (a) | 535,732 | 49,389 | |
| Vaxcyte, Inc. | 385,924 | 14,422 | |
| Xencor, Inc. (a) | 400,475 | 15,370 | |
| Zai Lab Ltd. ADR (a) | 498,179 | 40,876 | |
| 1,195,343 | |||
| Health Care Equipment & Supplies - 2.6% | |||
| Align Technology, Inc. (a) | 25,000 | 10,652 | |
| Atricure, Inc. (a) | 65,530 | 2,265 | |
| Axonics Modulation Technologies, Inc. (a) | 769,044 | 36,060 | |
| Danaher Corp. | 308,231 | 70,751 | |
| DexCom, Inc. (a) | 447,208 | 142,919 | |
| Hologic, Inc. (a) | 602,798 | 41,485 | |
| InMode Ltd. (a) | 479,010 | 17,513 | |
| Insulet Corp. (a) | 335,460 | 74,556 | |
| Intuitive Surgical, Inc. (a) | 377,260 | 251,663 | |
| Novocure Ltd. (a) | 256,185 | 31,280 | |
| Outset Medical, Inc. | 147,600 | 6,859 | |
| Pulmonx Corp. | 45,600 | 1,918 | |
| Quidel Corp. (a)(b) | 540,635 | 145,047 | |
| Shockwave Medical, Inc. (a) | 873,198 | 59,657 | |
| Tandem Diabetes Care, Inc. (a) | 746,220 | 81,338 | |
| West Pharmaceutical Services, Inc. (b) | 166,286 | 45,241 | |
| 1,019,204 | |||
| Health Care Providers & Services - 0.6% | |||
| 1Life Healthcare, Inc. (a) | 635,499 | 17,927 | |
| Alignment Healthcare Partners unit (e)(f) | 289,571 | 4,381 | |
| Centene Corp. (a) | 646,000 | 38,179 | |
| Guardant Health, Inc. (a) | 479,081 | 51,099 | |
| Humana, Inc. | 232,638 | 92,888 | |
| Oak Street Health, Inc. (a) | 59,891 | 2,850 | |
| Oak Street Health, Inc. | 475,532 | 20,368 | |
| Owens & Minor, Inc. | 370,400 | 9,304 | |
| 236,996 | |||
| Health Care Technology - 0.1% | |||
| American Well Corp. (b) | 340,400 | 8,786 | |
| GoodRx Holdings, Inc. (b) | 546,700 | 26,455 | |
| Kronos Bio, Inc. | 327,000 | 9,185 | |
| 44,426 | |||
| Life Sciences Tools & Services - 0.8% | |||
| 10X Genomics, Inc. (a) | 303,464 | 41,544 | |
| Avantor, Inc. (a) | 691,700 | 16,096 | |
| Berkeley Lights, Inc. (a) | 47,414 | 3,441 | |
| Bio-Rad Laboratories, Inc. Class A (a) | 33,500 | 19,645 | |
| Eurofins Scientific SA (a) | 9,546 | 7,602 | |
| Nanostring Technologies, Inc. (a) | 313,346 | 11,484 | |
| Thermo Fisher Scientific, Inc. | 509,385 | 241,000 | |
| 340,812 | |||
| Pharmaceuticals - 1.1% | |||
| AstraZeneca PLC sponsored ADR | 781,782 | 39,214 | |
| Chiasma, Inc. warrants 12/16/24 (a) | 55,391 | 33 | |
| Graybug Vision, Inc. | 477,228 | 6,280 | |
| Hansoh Pharmaceutical Group Co. Ltd. (a)(h) | 2,448,730 | 10,913 | |
| Harmony Biosciences Holdings, Inc. (a) | 162,805 | 6,333 | |
| Horizon Therapeutics PLC (a) | 1,084,286 | 81,246 | |
| Intra-Cellular Therapies, Inc. (a) | 641,026 | 15,814 | |
| Nektar Therapeutics (a) | 833,597 | 13,204 | |
| OptiNose, Inc. (a) | 1,093,128 | 3,498 | |
| Roche Holding AG (participation certificate) | 91,441 | 29,383 | |
| Zoetis, Inc. Class A | 1,471,174 | 233,255 | |
| 439,173 | |||
| TOTAL HEALTH CARE | 3,275,954 | ||
| INDUSTRIALS - 4.2% | |||
| Aerospace & Defense - 0.3% | |||
| Avon Rubber PLC | 163,974 | 8,338 | |
| Axon Enterprise, Inc. (a) | 363,832 | 35,983 | |
| Space Exploration Technologies Corp.: | |||
| Class A (a)(e)(f) | 242,545 | 65,487 | |
| Class C (a)(e)(f) | 2,783 | 751 | |
| 110,559 | |||
| Air Freight & Logistics - 0.5% | |||
| FedEx Corp. | 541,342 | 140,462 | |
| United Parcel Service, Inc. Class B | 265,800 | 41,760 | |
| 182,222 | |||
| Airlines - 0.1% | |||
| Delta Air Lines, Inc. | 375,600 | 11,508 | |
| JetBlue Airways Corp. (a) | 1,786,896 | 21,389 | |
| Southwest Airlines Co. | 164,002 | 6,483 | |
| 39,380 | |||
| Building Products - 0.2% | |||
| Builders FirstSource, Inc. (a) | 519,500 | 15,741 | |
| Carrier Global Corp. | 494,800 | 16,521 | |
| Fortune Brands Home & Security, Inc. | 222,466 | 17,991 | |
| The AZEK Co., Inc. | 1,245,647 | 41,654 | |
| 91,907 | |||
| Commercial Services & Supplies - 0.1% | |||
| HNI Corp. | 134,946 | 4,392 | |
| HomeServe PLC | 1,456,789 | 20,854 | |
| 25,246 | |||
| Construction & Engineering - 0.1% | |||
| Dycom Industries, Inc. (a) | 765,766 | 49,729 | |
| Electrical Equipment - 0.2% | |||
| Bloom Energy Corp. Class A (a)(b) | 1,108,752 | 14,015 | |
| Generac Holdings, Inc. (a) | 19,600 | 4,119 | |
| Sunrun, Inc. (a) | 1,101,544 | 57,302 | |
| 75,436 | |||
| Industrial Conglomerates - 0.0% | |||
| General Electric Co. | 1,647,800 | 12,227 | |
| Machinery - 0.0% | |||
| Deere & Co. | 36,100 | 8,155 | |
| Professional Services - 0.1% | |||
| Boa Vista Servicos SA (a) | 3,986,600 | 9,428 | |
| Equifax, Inc. | 6,565 | 897 | |
| Manpower, Inc. | 124,357 | 8,440 | |
| Upwork, Inc. (a) | 1,410,700 | 26,027 | |
| 44,792 | |||
| Road & Rail - 2.5% | |||
| Lyft, Inc. (a)(b) | 18,122,153 | 413,729 | |
| Uber Technologies, Inc. (a) | 17,742,864 | 592,789 | |
| 1,006,518 | |||
| Trading Companies & Distributors - 0.1% | |||
| BMC Stock Holdings, Inc. (a) | 398,000 | 15,757 | |
| TOTAL INDUSTRIALS | 1,661,928 | ||
| INFORMATION TECHNOLOGY - 37.5% | |||
| Electronic Equipment & Components - 0.3% | |||
| II-VI, Inc. (a)(b) | 2,745,941 | 124,858 | |
| IT Services - 5.1% | |||
| Alliance Data Systems Corp. | 349,568 | 18,017 | |
| Endava PLC ADR (a) | 281,854 | 18,010 | |
| MasterCard, Inc. Class A | 795,080 | 229,492 | |
| MongoDB, Inc. Class A (a) | 136,012 | 31,075 | |
| PayPal Holdings, Inc. (a) | 2,411,194 | 448,796 | |
| Repay Holdings Corp. (a) | 608,865 | 13,718 | |
| Riskified Ltd. (a)(e)(f) | 367,600 | 3,497 | |
| Riskified Ltd. warrants (a)(e)(f) | 3,105 | 0 | |
| Shopify, Inc. Class A (a) | 255,916 | 235,926 | |
| Snowflake Computing, Inc. (b) | 125,100 | 31,278 | |
| Snowflake Computing, Inc. Class B | 22,447 | 5,051 | |
| Square, Inc. (a) | 1,059,276 | 164,061 | |
| Twilio, Inc. Class A (a) | 755,790 | 210,843 | |
| Visa, Inc. Class A | 3,194,023 | 580,386 | |
| Wix.com Ltd. (a) | 169,105 | 41,823 | |
| 2,031,973 | |||
| Semiconductors & Semiconductor Equipment - 9.8% | |||
| Advanced Micro Devices, Inc. (a) | 3,215,738 | 242,113 | |
| Allegro MicroSystems LLC (a) | 259,300 | 4,745 | |
| Array Technologies, Inc. | 1,950,400 | 71,872 | |
| Cirrus Logic, Inc. (a) | 354,561 | 24,419 | |
| Enphase Energy, Inc. (a) | 764,809 | 75,020 | |
| First Solar, Inc. (a)(b) | 298,400 | 25,974 | |
| Inphi Corp. (a) | 30,200 | 4,221 | |
| Lam Research Corp. | 12,300 | 4,208 | |
| Lattice Semiconductor Corp. (a) | 622,935 | 21,740 | |
| Marvell Technology Group Ltd. | 26,237,044 | 984,152 | |
| MediaTek, Inc. | 735,000 | 17,419 | |
| Micron Technology, Inc. (a) | 3,780,861 | 190,329 | |
| NVIDIA Corp. (c) | 2,947,708 | 1,477,863 | |
| NXP Semiconductors NV | 4,074,896 | 550,600 | |
| ON Semiconductor Corp. (a) | 1,538,300 | 38,596 | |
| SolarEdge Technologies, Inc. (a) | 212,070 | 54,648 | |
| Synaptics, Inc. (a) | 176,156 | 13,506 | |
| Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 261,209 | 21,908 | |
| Universal Display Corp. | 219,969 | 43,622 | |
| 3,866,955 | |||
| Software - 13.1% | |||
| Adobe, Inc. (a) | 1,201,113 | 537,018 | |
| Anaplan, Inc. (a) | 156,800 | 8,679 | |
| Atlassian Corp. PLC (a) | 61,400 | 11,765 | |
| Atom Tickets LLC (a)(d)(e)(f) | 1,204,239 | 1,590 | |
| Autodesk, Inc. (a) | 120,000 | 28,265 | |
| Avalara, Inc. (a) | 168,013 | 25,042 | |
| Bill.Com Holdings, Inc. (a)(b) | 260,095 | 26,010 | |
| Cloudflare, Inc. (a) | 1,152,386 | 59,890 | |
| Coupa Software, Inc. (a) | 125,040 | 33,473 | |
| Crowdstrike Holdings, Inc. (a) | 474,906 | 58,812 | |
| Digital Turbine, Inc. (a) | 418,000 | 11,980 | |
| DocuSign, Inc. (a) | 463,848 | 93,813 | |
| Elastic NV (a) | 605,580 | 61,412 | |
| Epic Games, Inc. (e)(f) | 6,131 | 3,525 | |
| FireEye, Inc. (a) | 581,500 | 8,048 | |
| Five9, Inc. (a) | 162,140 | 24,600 | |
| HubSpot, Inc. (a) | 299,525 | 86,883 | |
| Intuit, Inc. | 25,400 | 7,993 | |
| Lightspeed POS, Inc. (a) | 1,272,995 | 40,723 | |
| Lightspeed POS, Inc. | 319,050 | 10,219 | |
| Microsoft Corp. | 12,473,673 | 2,525,545 | |
| Ming Yuan Cloud Group Holdings Ltd. | 521,800 | 2,228 | |
| nCino, Inc. (a)(b) | 86,600 | 6,107 | |
| Nuance Communications, Inc. (a) | 372,700 | 11,893 | |
| Paycom Software, Inc. (a) | 23,400 | 8,520 | |
| RingCentral, Inc. (a) | 218,840 | 56,535 | |
| Salesforce.com, Inc. (a) | 4,141,235 | 961,885 | |
| ServiceNow, Inc. (a) | 311,280 | 154,884 | |
| Slack Technologies, Inc. Class A (a)(b) | 1,739,923 | 44,507 | |
| Tanium, Inc. Class B (a)(e)(f) | 554,900 | 6,323 | |
| The Trade Desk, Inc. (a)(c) | 164,109 | 92,960 | |
| Workday, Inc. Class A (a) | 522,407 | 109,768 | |
| Zendesk, Inc. (a) | 38,600 | 4,282 | |
| Zoom Video Communications, Inc. Class A (a) | 174,236 | 80,307 | |
| 5,205,484 | |||
| Technology Hardware, Storage & Peripherals - 9.2% | |||
| Apple, Inc. | 33,339,972 | 3,629,396 | |
| Corsair Gaming, Inc. | 412,900 | 9,926 | |
| 3,639,322 | |||
| TOTAL INFORMATION TECHNOLOGY | 14,868,592 | ||
| MATERIALS - 0.4% | |||
| Chemicals - 0.3% | |||
| LG Chemical Ltd. | 7,180 | 3,907 | |
| Olin Corp. | 1,170,800 | 19,377 | |
| The Chemours Co. LLC | 3,752,925 | 75,584 | |
| 98,868 | |||
| Construction Materials - 0.0% | |||
| Eagle Materials, Inc. | 45,400 | 3,870 | |
| Containers & Packaging - 0.0% | |||
| WestRock Co. | 323,200 | 12,136 | |
| Metals & Mining - 0.1% | |||
| Agnico Eagle Mines Ltd. (Canada) | 46,700 | 3,697 | |
| ArcelorMittal SA Class A unit (a)(b) | 1,310,238 | 17,819 | |
| Sunshine Silver Mining & Refining Corp. | 928,300 | 6,220 | |
| 27,736 | |||
| TOTAL MATERIALS | 142,610 | ||
| REAL ESTATE - 0.4% | |||
| Real Estate Management & Development - 0.4% | |||
| KE Holdings, Inc. ADR (a) | 825,602 | 57,586 | |
| Redfin Corp. (a)(b) | 2,140,245 | 89,398 | |
| 146,984 | |||
| UTILITIES - 0.0% | |||
| Independent Power and Renewable Electricity Producers - 0.0% | |||
| Brookfield Renewable Corp. | 127,800 | 8,539 | |
| TOTAL COMMON STOCKS | |||
| (Cost $17,400,009) | 38,986,886 | ||
| Preferred Stocks - 1.8% | |||
| Convertible Preferred Stocks - 1.7% | |||
| COMMUNICATION SERVICES - 0.1% | |||
| Diversified Telecommunication Services - 0.1% | |||
| Starry, Inc.: | |||
| Series C (a)(e)(f) | 5,833,836 | 8,342 | |
| Series D (a)(e)(f) | 6,810,656 | 9,739 | |
| 18,081 | |||
| CONSUMER DISCRETIONARY - 0.3% | |||
| Automobiles - 0.1% | |||
| Rivian Automotive, Inc. Series E (e)(f) | 2,276,313 | 35,260 | |
| Hotels, Restaurants & Leisure - 0.1% | |||
| MOD Super Fast Pizza Holdings LLC Series 3 (a)(d)(e)(f) | 100,182 | 17,872 | |
| Topgolf International, Inc. Series F (a)(e)(f) | 415,730 | 5,398 | |
| 23,270 | |||
| Internet & Direct Marketing Retail - 0.1% | |||
| Reddit, Inc. Series B (a)(e)(f) | 524,232 | 27,155 | |
| The Honest Co., Inc.: | |||
| Series C (a)(e)(f) | 350,333 | 13,540 | |
| Series D (a)(e)(f) | 77,448 | 3,544 | |
| Series E (a)(e)(f) | 551,397 | 10,807 | |
| 55,046 | |||
| Specialty Retail - 0.0% | |||
| Fanatics, Inc. Series E (e)(f) | 1,040,349 | 17,988 | |
| Textiles, Apparel & Luxury Goods - 0.0% | |||
| Allbirds, Inc.: | |||
| Series A (a)(e)(f) | 71,465 | 826 | |
| Series B (a)(e)(f) | 12,560 | 145 | |
| Series C (a)(e)(f) | 119,995 | 1,387 | |
| Series Seed (a)(e)(f) | 38,400 | 444 | |
| 2,802 | |||
| TOTAL CONSUMER DISCRETIONARY | 134,366 | ||
| CONSUMER STAPLES - 0.7% | |||
| Food & Staples Retailing - 0.2% | |||
| Blink Health LLC Series C (e)(f) | 89,676 | 3,424 | |
| Roofoods Ltd. Series F (a)(e)(f) | 41,941 | 17,255 | |
| Sweetgreen, Inc.: | |||
| Series C (a)(e)(f) | 15,004 | 223 | |
| Series D (a)(e)(f) | 241,354 | 3,584 | |
| Series H (a)(e)(f) | 3,242,523 | 48,151 | |
| Series I (a)(e)(f) | 568,842 | 8,447 | |
| 81,084 | |||
| Food Products - 0.0% | |||
| Agbiome LLC Series C (a)(e)(f) | 1,091,300 | 6,912 | |
| Tobacco - 0.5% | |||
| JUUL Labs, Inc.: | |||
| Series C (a)(e)(f) | 2,570,575 | 174,671 | |
| Series D (a)(e)(f) | 13,822 | 939 | |
| Series E (a)(e)(f) | 14,959 | 1,016 | |
| 176,626 | |||
| TOTAL CONSUMER STAPLES | 264,622 | ||
| FINANCIALS - 0.0% | |||
| Diversified Financial Services - 0.0% | |||
| Sonder Holdings, Inc. Series D1 (e)(f) | 606,719 | 6,532 | |
| HEALTH CARE - 0.1% | |||
| Biotechnology - 0.1% | |||
| 23andMe, Inc. Series F (a)(e)(f) | 800,982 | 8,370 | |
| Immunocore Ltd. Series A (a)(e)(f) | 11,740 | 1,812 | |
| Nuvation Bio, Inc. Series A (a)(e)(f) | 8,221,300 | 14,678 | |
| 24,860 | |||
| Health Care Providers & Services - 0.0% | |||
| Mulberry Health, Inc. Series A-8 (a)(e)(f) | 2,728,716 | 12,411 | |
| Pharmaceuticals - 0.0% | |||
| Castle Creek Pharmaceutical Holdings, Inc. Series B (a)(e)(f) | 3,301 | 1,592 | |
| TOTAL HEALTH CARE | 38,863 | ||
| INDUSTRIALS - 0.1% | |||
| Aerospace & Defense - 0.1% | |||
| Space Exploration Technologies Corp.: | |||
| Series G (a)(e)(f) | 97,277 | 26,265 | |
| Series H (a)(e)(f) | 25,767 | 6,957 | |
| Series N (e)(f) | 79,406 | 21,440 | |
| 54,662 | |||
| Professional Services - 0.0% | |||
| YourPeople, Inc. Series C (a)(e)(f) | 692,196 | 1,634 | |
| TOTAL INDUSTRIALS | 56,296 | ||
| INFORMATION TECHNOLOGY - 0.4% | |||
| IT Services - 0.0% | |||
| AppNexus, Inc. Series E (Escrow) (a)(e)(f) | 646,522 | 20 | |
| Riskified Ltd. Series E (e)(f) | 370,000 | 3,520 | |
| 3,540 | |||
| Software - 0.4% | |||
| ACV Auctions, Inc.: | |||
| Series E (e)(f) | 866,184 | 5,131 | |
| Series E1 (e)(f) | 1,215,138 | 7,199 | |
| Bird Rides, Inc.: | |||
| Series C (a)(e)(f) | 2,114,013 | 22,704 | |
| Series D (a)(e)(f) | 265,200 | 2,848 | |
| Compass, Inc. Series E (a)(e)(f) | 53,263 | 7,549 | |
| ContextLogic, Inc. Series G (a)(e)(f) | 133,922 | 23,609 | |
| Dataminr, Inc. Series D (a)(e)(f) | 277,250 | 3,050 | |
| Delphix Corp. Series D (a)(e)(f) | 675,445 | 3,431 | |
| Jet.Com, Inc. Series B1 (Escrow) (a)(e)(f) | 2,928,086 | 0 | |
| Malwarebytes Corp. Series B (a)(e)(f) | 1,056,193 | 21,124 | |
| Nuvia, Inc. Series B (e)(f) | 1,606,942 | 5,154 | |
| Taboola.Com Ltd. Series E (a)(e)(f) | 634,902 | 27,555 | |
| UiPath, Inc.: | |||
| Series A1 (a)(e)(f) | 384,849 | 7,156 | |
| Series B1 (a)(e)(f) | 19,170 | 356 | |
| Series B2 (a)(e)(f) | 95,481 | 1,775 | |
| 138,641 | |||
| TOTAL INFORMATION TECHNOLOGY | 142,181 | ||
| TOTAL CONVERTIBLE PREFERRED STOCKS | 660,941 | ||
| Nonconvertible Preferred Stocks - 0.1% | |||
| CONSUMER DISCRETIONARY - 0.1% | |||
| Automobiles - 0.1% | |||
| Neutron Holdings, Inc.: | |||
| Series 1C (e)(f) | 50,654,200 | 1,013 | |
| Series 1D (e)(f) | 85,315,542 | 1,706 | |
| Volkswagen AG | 51,700 | 7,533 | |
| Waymo LLC Series A2 (e)(f) | 81,316 | 6,982 | |
| 17,234 | |||
| Specialty Retail - 0.0% | |||
| Cazoo Holdings Ltd.: | |||
| Series A (e)(f) | 10,823 | 149 | |
| Series B (e)(f) | 189,488 | 2,608 | |
| Series C (e)(f) | 3,846 | 53 | |
| Series D (e)(f) | 676,921 | 9,318 | |
| 12,128 | |||
| TOTAL CONSUMER DISCRETIONARY | 29,362 | ||
| HEALTH CARE - 0.0% | |||
| Pharmaceuticals - 0.0% | |||
| Castle Creek Pharmaceutical Holdings, Inc. Series A4 (a)(e)(f) | 29,758 | 14,352 | |
| TOTAL NONCONVERTIBLE PREFERRED STOCKS | 43,714 | ||
| TOTAL PREFERRED STOCKS | |||
| (Cost $463,872) | 704,655 | ||
| Principal Amount (000s) | Value (000s) | ||
| Convertible Bonds - 0.0% | |||
| CONSUMER DISCRETIONARY - 0.0% | |||
| Automobiles - 0.0% | |||
| Neutron Holdings, Inc.: | |||
| 4% 5/22/27 (e)(f) | 2,433 | 2,433 | |
| 4% 6/12/27 (e)(f) | 647 | 647 | |
| TOTAL CONVERTIBLE BONDS | |||
| (Cost $3,080) | 3,080 | ||
| Shares | Value (000s) | ||
| Money Market Funds - 1.4% | |||
| Fidelity Securities Lending Cash Central Fund 0.11% (j)(k) | |||
| (Cost $548,785) | 548,730,620 | 548,785 | |
| TOTAL INVESTMENT IN SECURITIES - 101.4% | |||
| (Cost $18,415,746) | 40,243,406 | ||
| NET OTHER ASSETS (LIABILITIES) - (1.4)% | (546,717) | ||
| NET ASSETS - 100% | $39,696,689 |
| Written Options | ||||||
| Counterparty | Number of Contracts | Notional Amount (000s) | Exercise Price | Expiration Date | Value (000s) | |
| Call Options | ||||||
| Carvana Co. Class A | Chicago Board Options Exchange | 957 | $17,738 | $290.00 | 1/15/21 | $(421) |
| NVIDIA Corp. | Chicago Board Options Exchange | 386 | 19,352 | 650.00 | 12/18/20 | (159) |
| Sea Ltd. ADR | Chicago Board Options Exchange | 1,292 | 20,375 | 190.00 | 12/18/20 | (652) |
| Tesla, Inc. | Chicago Board Options Exchange | 480 | 18,626 | 540.00 | 12/18/20 | (202) |
| The Trade Desk, Inc. | Chicago Board Options Exchange | 141 | 7,987 | 700.00 | 1/15/21 | (356) |
| TOTAL WRITTEN OPTIONS | $(1,790) |
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) Security or a portion of the security is pledged as collateral for call options written. At period end, the value of securities pledged amounted to $84,078.
(d) Investment is owned by a wholly-owned subsidiary (Subsidiary) that is treated as a corporation for U.S. tax purposes.
(e) 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 $951,904,000 or 2.4% of net assets.
(f) Level 3 security
(g) Security or a portion of the security purchased on a delayed delivery or when-issued basis.
(h) 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 $84,424,000 or 0.2% of net assets.
(i) Affiliated company
(j) 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.
(k) 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 |
| ACV Auctions, Inc. Series E1 | 9/4/20 | $7,199 |
| 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 | $0 |
| Atom Tickets LLC | 8/15/17 | $7,099 |
| 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 |
| Cazoo Holdings Ltd. | 9/30/20 | $4,545 |
| Cazoo Holdings Ltd. Series A | 9/30/20 | $148 |
| Cazoo Holdings Ltd. Series B | 9/30/20 | $2,598 |
| Cazoo Holdings Ltd. Series C | 9/30/20 | $53 |
| Cazoo Holdings Ltd. Series D | 9/30/20 | $9,281 |
| Cibus Corp. Series C | 2/16/18 - 5/10/19 | $8,543 |
| 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 |
| DiamondPeak Holdings Corp. | 10/23/20 | $35,733 |
| Epic Games, Inc. | 7/30/20 | $3,525 |
| Fanatics, Inc. Series E | 8/13/20 | $17,988 |
| FSN Ecommerce Ventures Pvt Ltd. | 10/7/20 - 10/26/20 | $16,851 |
| Immunocore Ltd. Series A | 7/27/15 | $2,122 |
| Jet.Com, Inc. Series B1 (Escrow) | 3/19/18 | $0 |
| JUUL Labs, Inc. Class A | 12/20/17 | $453 |
| 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 |
| 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 | $13,971 |
| Mulberry Health, Inc. Series A-8 | 1/20/16 | $18,432 |
| MultiPlan Corp. | 10/8/20 | $27,772 |
| MultiPlan Corp. warrants | 10/8/20 | $0 |
| Neutron Holdings, Inc. warrants | 6/4/20 | $0 |
| Neutron Holdings, Inc. Series 1C | 7/3/18 | $9,262 |
| Neutron Holdings, Inc. Series 1D | 1/25/19 | $20,689 |
| Neutron Holdings, Inc. 4% 5/22/27 | 6/4/20 | $2,433 |
| Neutron Holdings, Inc. 4% 6/12/27 | 6/12/20 | $647 |
| Nuvation Bio, Inc. Series A | 6/17/19 | $6,342 |
| Nuvia, Inc. Series B | 9/18/20 | $5,154 |
| 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 | $0 |
| Rivian Automotive, Inc. Series E | 7/10/20 | $35,260 |
| Roofoods Ltd. Series F | 9/12/17 | $14,829 |
| Sonder Holdings, Inc. Series D1 | 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 |
| Space Exploration Technologies Corp. Series N | 8/4/20 | $21,440 |
| Starry, Inc. Series C | 12/8/17 | $5,379 |
| Starry, Inc. Series D | 3/6/19 - 7/30/20 | $9,739 |
| 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 | $20,592 |
| 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 |
| Waymo LLC Series A2 | 5/8/20 | $6,982 |
| WME Entertainment Parent, LLC Class A | 4/13/16 - 8/16/16 | $18,844 |
| 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 | $3 |
| Fidelity Securities Lending Cash Central Fund | 195 |
| Total | $198 |
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.
Other Affiliated Issuers
An affiliated company is a company in which the Fund has ownership of at least 5% of the voting securities. Fiscal year to date transactions with companies which are or were affiliates are as follows:
| Affiliate (Amounts in thousands) | Value, beginning of period | Purchases | Sales Proceeds | Dividend Income | Realized Gain (loss) | Change in Unrealized appreciation (depreciation) | Value, end of period |
| DiamondPeak Holdings Corp. | $-- | $35,733 | $-- | $-- | $-- | $6,235 | $41,968 |
| Shift Technologies, Inc. Class A | 13,233 | 1,228 | 27 | -- | 2 | (2,434) | -- |
| Tupperware Brands Corp. | -- | 91,570 | -- | -- | -- | 44,195 | 135,765 |
| Total | $13,233 | $128,531 | $27 | $-- | $2 | $47,996 | $177,733 |
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, changes in interest rates and credit quality. 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.
Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. Corporate bonds are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker supplied prices.
When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
Exchange-traded options are valued using the last sale price or, in the absence of a sale, the last offering price and are categorized as Level 1 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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