Quarterly Holdings Report
for
Fidelity® OTC K6 Portfolio
October 31, 2020
Schedule of Investments October 31, 2020 (Unaudited)
Showing Percentage of Net Assets
Common Stocks - 100.2% | |||
Shares | Value | ||
COMMUNICATION SERVICES - 20.7% | |||
Entertainment - 1.9% | |||
Activision Blizzard, Inc. | 139,933 | $10,597,126 | |
Electronic Arts, Inc. (a) | 102 | 12,223 | |
NetEase, Inc. ADR | 707 | 61,361 | |
Netflix, Inc. (a) | 2,080 | 989,539 | |
Take-Two Interactive Software, Inc. (a) | 22,209 | 3,440,618 | |
The Walt Disney Co. | 43,826 | 5,313,903 | |
Zynga, Inc. (a) | 102,120 | 918,059 | |
21,332,829 | |||
Interactive Media & Services - 17.8% | |||
Alphabet, Inc.: | |||
Class A (a) | 40,434 | 65,345,792 | |
Class C (a) | 16,678 | 27,035,205 | |
Eventbrite, Inc. (a) | 961 | 8,870 | |
Facebook, Inc. Class A (a) | 225,504 | 59,332,357 | |
InterActiveCorp (a) | 8,591 | 1,037,106 | |
Match Group, Inc. (a) | 75,702 | 8,840,480 | |
Tencent Holdings Ltd. sponsored ADR | 221,683 | 16,923,280 | |
Twitter, Inc. (a) | 288,638 | 11,938,068 | |
Yandex NV Series A (a) | 124,042 | 7,141,098 | |
197,602,256 | |||
Media - 0.6% | |||
Charter Communications, Inc. Class A (a) | 11,170 | 6,744,669 | |
Wireless Telecommunication Services - 0.4% | |||
T-Mobile U.S., Inc. | 36,724 | 4,023,849 | |
TOTAL COMMUNICATION SERVICES | 229,703,603 | ||
CONSUMER DISCRETIONARY - 22.4% | |||
Automobiles - 2.9% | |||
Tesla, Inc. (a) | 81,224 | 31,518,161 | |
Hotels, Restaurants & Leisure - 3.1% | |||
Caesars Entertainment, Inc. (a) | 1,656 | 74,222 | |
Extended Stay America, Inc. unit | 252,299 | 2,863,594 | |
Hilton Worldwide Holdings, Inc. | 66,195 | 5,812,583 | |
Marriott International, Inc. Class A | 102,647 | 9,533,853 | |
Starbucks Corp. | 188,842 | 16,421,700 | |
34,705,952 | |||
Household Durables - 0.8% | |||
Lennar Corp. Class A | 130,629 | 9,174,075 | |
Internet & Direct Marketing Retail - 12.0% | |||
Alibaba Group Holding Ltd. sponsored ADR (a) | 33,839 | 10,310,405 | |
Amazon.com, Inc. (a) | 35,651 | 108,241,784 | |
Expedia, Inc. | 38,864 | 3,659,046 | |
MercadoLibre, Inc. (a) | 5,146 | 6,247,501 | |
The Booking Holdings, Inc. (a) | 2,910 | 4,721,475 | |
133,180,211 | |||
Multiline Retail - 0.5% | |||
Dollar Tree, Inc. (a) | 63,448 | 5,730,623 | |
Specialty Retail - 1.6% | |||
Five Below, Inc. (a) | 58,637 | 7,818,658 | |
Lowe's Companies, Inc. | 57,958 | 9,163,160 | |
The Home Depot, Inc. | 4,268 | 1,138,318 | |
18,120,136 | |||
Textiles, Apparel & Luxury Goods - 1.5% | |||
Kontoor Brands, Inc. | 297 | 9,771 | |
lululemon athletica, Inc. (a) | 42,355 | 13,523,528 | |
LVMH Moet Hennessy Louis Vuitton SE | 6,810 | 3,192,172 | |
16,725,471 | |||
TOTAL CONSUMER DISCRETIONARY | 249,154,629 | ||
CONSUMER STAPLES - 2.1% | |||
Beverages - 1.5% | |||
Diageo PLC | 166,103 | 5,368,097 | |
Kweichow Moutai Co. Ltd. (A Shares) | 5,600 | 1,400,712 | |
Monster Beverage Corp. (a) | 97,481 | 7,464,120 | |
PepsiCo, Inc. | 19,215 | 2,561,167 | |
16,794,096 | |||
Food & Staples Retailing - 0.5% | |||
Costco Wholesale Corp. | 15,587 | 5,574,223 | |
Food Products - 0.1% | |||
Lamb Weston Holdings, Inc. | 8,728 | 553,792 | |
Mondelez International, Inc. | 17,766 | 943,730 | |
1,497,522 | |||
TOTAL CONSUMER STAPLES | 23,865,841 | ||
ENERGY - 1.4% | |||
Oil, Gas & Consumable Fuels - 1.4% | |||
Cenovus Energy, Inc. (Canada) | 7,288 | 23,850 | |
Centennial Resource Development, Inc. Class A (a)(b) | 39,269 | 24,335 | |
EOG Resources, Inc. | 562 | 19,243 | |
Reliance Industries Ltd. | 26,413 | 418,438 | |
Reliance Industries Ltd. | 396,200 | 10,919,359 | |
Reliance Industries Ltd. sponsored GDR (c) | 82,530 | 4,530,897 | |
15,936,122 | |||
FINANCIALS - 2.6% | |||
Banks - 1.2% | |||
Huntington Bancshares, Inc. | 803,845 | 8,392,142 | |
PacWest Bancorp | 101,037 | 1,943,952 | |
Signature Bank | 40,125 | 3,239,693 | |
13,575,787 | |||
Capital Markets - 0.9% | |||
London Stock Exchange Group PLC | 35,465 | 3,823,053 | |
S&P Global, Inc. | 17,240 | 5,563,865 | |
9,386,918 | |||
Consumer Finance - 0.5% | |||
Capital One Financial Corp. | 78,426 | 5,731,372 | |
TOTAL FINANCIALS | 28,694,077 | ||
HEALTH CARE - 6.3% | |||
Biotechnology - 2.7% | |||
Alnylam Pharmaceuticals, Inc. (a) | 12,122 | 1,490,642 | |
Amgen, Inc. | 24,642 | 5,345,835 | |
Arcutis Biotherapeutics, Inc. (a) | 17,840 | 317,909 | |
Ascendis Pharma A/S sponsored ADR (a) | 5,753 | 939,753 | |
ChemoCentryx, Inc. (a) | 10,160 | 487,680 | |
Chimerix, Inc. (a) | 2,045 | 5,460 | |
GenSight Biologics SA (a)(b) | 9,335 | 37,780 | |
Global Blood Therapeutics, Inc. (a) | 61,251 | 3,238,953 | |
Ionis Pharmaceuticals, Inc. (a) | 1,435 | 67,373 | |
Neurocrine Biosciences, Inc. (a) | 33,587 | 3,314,029 | |
Regeneron Pharmaceuticals, Inc. (a) | 14,511 | 7,887,599 | |
Sarepta Therapeutics, Inc. (a) | 5,875 | 798,471 | |
Trevena, Inc. (a)(b) | 19,639 | 51,454 | |
Vertex Pharmaceuticals, Inc. (a) | 17,022 | 3,546,704 | |
Xencor, Inc. (a) | 53,488 | 2,052,869 | |
29,582,511 | |||
Health Care Equipment & Supplies - 1.7% | |||
DexCom, Inc. (a) | 18,384 | 5,875,159 | |
Insulet Corp. (a) | 30,251 | 6,723,285 | |
Intuitive Surgical, Inc. (a) | 6,380 | 4,255,970 | |
Masimo Corp. (a) | 3,344 | 748,454 | |
Neuronetics, Inc. (a) | 1,703 | 8,430 | |
Outset Medical, Inc. | 1,932 | 89,780 | |
Pulmonx Corp. | 21 | 883 | |
Tandem Diabetes Care, Inc. (a) | 10,037 | 1,094,033 | |
18,795,994 | |||
Health Care Providers & Services - 0.5% | |||
Cigna Corp. | 7,034 | 1,174,467 | |
Humana, Inc. | 11,560 | 4,615,677 | |
5,790,144 | |||
Health Care Technology - 0.0% | |||
Castlight Health, Inc. Class B (a) | 2,050 | 1,810 | |
Life Sciences Tools & Services - 1.0% | |||
10X Genomics, Inc. (a) | 23,813 | 3,260,000 | |
Bruker Corp. | 109,123 | 4,642,092 | |
Nanostring Technologies, Inc. (a) | 87,387 | 3,202,734 | |
Sartorius Stedim Biotech | 1,500 | 568,815 | |
11,673,641 | |||
Pharmaceuticals - 0.4% | |||
AstraZeneca PLC: | |||
(United Kingdom) | 5,396 | 541,788 | |
sponsored ADR | 65,741 | 3,297,569 | |
Elanco Animal Health, Inc. (a) | 3,890 | 120,629 | |
TherapeuticsMD, Inc. (a)(b) | 15,130 | 18,459 | |
3,978,445 | |||
TOTAL HEALTH CARE | 69,822,545 | ||
INDUSTRIALS - 2.3% | |||
Airlines - 0.1% | |||
Copa Holdings SA Class A | 19,551 | 963,473 | |
Commercial Services & Supplies - 0.3% | |||
Copart, Inc. (a) | 14,776 | 1,630,679 | |
Waste Connection, Inc. (United States) | 16,974 | 1,685,858 | |
3,316,537 | |||
Industrial Conglomerates - 0.0% | |||
Roper Technologies, Inc. | 1,522 | 565,179 | |
Professional Services - 0.5% | |||
Verisk Analytics, Inc. | 29,128 | 5,183,910 | |
Road & Rail - 1.4% | |||
CSX Corp. | 47,637 | 3,760,465 | |
Lyft, Inc. (a) | 121,827 | 2,781,310 | |
Rumo SA (a) | 476,700 | 1,523,659 | |
Uber Technologies, Inc. (a) | 224,031 | 7,484,876 | |
15,550,310 | |||
TOTAL INDUSTRIALS | 25,579,409 | ||
INFORMATION TECHNOLOGY - 41.0% | |||
IT Services - 2.7% | |||
Fidelity National Information Services, Inc. | 11,082 | 1,380,706 | |
Gartner, Inc. (a) | 61,898 | 7,433,950 | |
MasterCard, Inc. Class A | 30,410 | 8,777,542 | |
PayPal Holdings, Inc. (a) | 51,201 | 9,530,042 | |
Reply SpA | 12,500 | 1,343,715 | |
Shopify, Inc. Class A (a) | 1,559 | 1,437,222 | |
Visa, Inc. Class A | 2,687 | 488,255 | |
30,391,432 | |||
Semiconductors & Semiconductor Equipment - 9.8% | |||
Advanced Micro Devices, Inc. (a) | 71,158 | 5,357,486 | |
Analog Devices, Inc. | 21,976 | 2,604,815 | |
Applied Materials, Inc. | 22,786 | 1,349,615 | |
Array Technologies, Inc. | 9,048 | 333,419 | |
ASML Holding NV | 16,579 | 5,988,501 | |
Lam Research Corp. | 10,032 | 3,431,747 | |
Marvell Technology Group Ltd. | 340,731 | 12,780,820 | |
Micron Technology, Inc. (a) | 139,393 | 7,017,044 | |
NVIDIA Corp. | 59,952 | 30,057,535 | |
NXP Semiconductors NV | 113,741 | 15,368,684 | |
Qualcomm, Inc. | 140,745 | 17,362,303 | |
Skyworks Solutions, Inc. | 4,571 | 645,837 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 78,073 | 6,547,983 | |
108,845,789 | |||
Software - 16.7% | |||
Adobe, Inc. (a) | 34,982 | 15,640,452 | |
ANSYS, Inc. (a) | 5,489 | 1,670,687 | |
Aspen Technology, Inc. (a) | 64,305 | 7,061,332 | |
Autodesk, Inc. (a) | 19,068 | 4,491,277 | |
Dropbox, Inc. Class A (a) | 8,484 | 154,918 | |
Duck Creek Technologies, Inc. (a) | 1,120 | 48,574 | |
Dynatrace, Inc. (a) | 15,316 | 540,808 | |
Elastic NV (a) | 74,031 | 7,507,484 | |
Epic Games, Inc. (d)(e) | 1,000 | 575,000 | |
Five9, Inc. (a) | 10,864 | 1,648,286 | |
Globant SA (a) | 5,529 | 998,593 | |
HIVE Blockchain Technologies Ltd. (a) | 110,176 | 42,175 | |
Intuit, Inc. | 18,086 | 5,691,302 | |
Manhattan Associates, Inc. (a) | 44,393 | 3,795,602 | |
Microsoft Corp. | 566,038 | 114,605,714 | |
Netcompany Group A/S (a)(c) | 2,144 | 178,108 | |
NICE Systems Ltd. sponsored ADR (a) | 14,322 | 3,269,140 | |
Ping Identity Holding Corp. (a) | 134,317 | 3,719,238 | |
Salesforce.com, Inc. (a) | 53,287 | 12,376,971 | |
Workday, Inc. Class A (a) | 6,422 | 1,349,391 | |
185,365,052 | |||
Technology Hardware, Storage & Peripherals - 11.8% | |||
Apple, Inc. | 1,158,416 | 126,105,160 | |
Samsung Electronics Co. Ltd. | 80,722 | 4,048,640 | |
Western Digital Corp. | 13,491 | 509,015 | |
130,662,815 | |||
TOTAL INFORMATION TECHNOLOGY | 455,265,088 | ||
MATERIALS - 0.8% | |||
Chemicals - 0.4% | |||
LG Chemical Ltd. | 4,479 | 2,436,956 | |
Livent Corp. (a)(b) | 167,404 | 1,799,593 | |
4,236,549 | |||
Paper & Forest Products - 0.4% | |||
Suzano Papel e Celulose SA (a) | 473,000 | 4,125,803 | |
TOTAL MATERIALS | 8,362,352 | ||
REAL ESTATE - 0.6% | |||
Equity Real Estate Investment Trusts (REITs) - 0.1% | |||
Equinix, Inc. | 2,305 | 1,685,508 | |
Real Estate Management & Development - 0.5% | |||
KE Holdings, Inc. ADR (a) | 77,021 | 5,372,215 | |
TOTAL REAL ESTATE | 7,057,723 | ||
TOTAL COMMON STOCKS | |||
(Cost $901,462,737) | 1,113,441,389 | ||
Nonconvertible Preferred Stocks - 0.0% | |||
CONSUMER DISCRETIONARY - 0.0% | |||
Automobiles - 0.0% | |||
Waymo LLC Series A2 (d)(e) | |||
(Cost $211,834) | 2,467 | 211,834 | |
Money Market Funds - 0.1% | |||
Fidelity Securities Lending Cash Central Fund 0.11% (f)(g) | |||
(Cost $835,147) | 835,063 | 835,147 | |
TOTAL INVESTMENT IN SECURITIES - 100.3% | |||
(Cost $902,509,718) | 1,114,488,370 | ||
NET OTHER ASSETS (LIABILITIES) - (0.3)% | (3,066,145) | ||
NET ASSETS - 100% | $1,111,422,225 |
Legend
(a) Non-income producing
(b) Security or a portion of the security is on loan at period end.
(c) 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 $4,709,005 or 0.4% of net assets.
(d) Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $786,834 or 0.1% of net assets.
(e) Level 3 security
(f) 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.
(g) Investment made with cash collateral received from securities on loan.
Additional information on each restricted holding is as follows:
Security | Acquisition Date | Acquisition Cost |
Epic Games, Inc. | 7/13/20 - 7/30/20 | $575,000 |
Waymo LLC Series A2 | 5/8/20 | $211,834 |
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 | $(2,075) |
Fidelity Securities Lending Cash Central Fund | 4,990 |
Total | $2,915 |
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 Funds 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.
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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