NPORT-EX 2 QTLY_312_20201031.htm

Quarterly Holdings Report
for

Fidelity® Blue Chip Growth Fund

October 31, 2020







BCF-QTLY-1220
1.809076.117





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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