NPORT-EX 2 QTLY_312_20210430.htm

Quarterly Holdings Report
for

Fidelity® Blue Chip Growth Fund

April 30, 2021







BCF-QTLY-0621
1.800333.117





Schedule of Investments April 30, 2021 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.7%   
 Shares Value (000s) 
COMMUNICATION SERVICES - 16.0%   
Entertainment - 3.2%   
Activision Blizzard, Inc. 2,270,887 $207,082 
Bilibili, Inc. ADR (a)(b) 484,441 53,705 
Netflix, Inc. (a) 1,262,608 648,311 
Roku, Inc. Class A (a) 448,787 153,920 
Score Media & Gaming, Inc. (a) 432,520 7,487 
Sea Ltd. ADR (a) 2,331,880 588,893 
Take-Two Interactive Software, Inc. (a) 116,438 20,421 
The Walt Disney Co. (a) 239,598 44,570 
  1,724,389 
Interactive Media & Services - 12.3%   
Alphabet, Inc. Class A (a) 1,342,462 3,159,484 
Baidu.com, Inc. sponsored ADR (a) 128,899 27,111 
Bumble, Inc. 404,245 24,352 
Facebook, Inc. Class A (a) 7,559,368 2,457,399 
JOYY, Inc. ADR 570,063 54,190 
Kuaishou Technology Class B (c) 467,467 15,827 
Match Group, Inc. (a) 1,063,098 165,450 
Pinterest, Inc. Class A (a) 406,081 26,952 
Snap, Inc. Class A (a)(b) 5,339,898 330,112 
Tencent Holdings Ltd. 3,425,284 273,242 
Twitter, Inc. (a) 973,228 53,742 
Zillow Group, Inc. Class C (a) 238,300 31,008 
Zoominfo Technologies, Inc. 110,178 5,714 
  6,624,583 
Media - 0.3%   
AppLovin Corp. (a)(b) 99,191 5,754 
Criteo SA sponsored ADR (a) 2,227,536 88,500 
DISH Network Corp. Class A (a) 242,000 10,839 
Endeavor Group Holdings, Inc. (a) 416,800 11,487 
Endeavor Group Holdings, Inc. (a) 1,786,652 44,316 
  160,896 
Wireless Telecommunication Services - 0.2%   
T-Mobile U.S., Inc. 1,098,711 145,173 
TOTAL COMMUNICATION SERVICES  8,655,041 
CONSUMER DISCRETIONARY - 28.2%   
Automobiles - 2.5%   
Daimler AG (Germany) 115,840 10,313 
General Motors Co. (a) 1,439,817 82,386 
Harley-Davidson, Inc. 1,420,680 68,718 
Hyundai Motor Co. 52,640 9,979 
Kia Corp. 159,670 10,994 
Lordstown Motors Corp. (d) 587,979 5,244 
Neutron Holdings, Inc. (e) 7,152,433 106 
NIO, Inc. sponsored ADR (a)(b) 245,237 9,770 
Rad Power Bikes, Inc. (d)(e) 928,091 4,477 
Tesla, Inc. (a) 1,551,875 1,100,962 
XPeng, Inc. ADR(a)(b) 1,615,054 48,306 
  1,351,255 
Diversified Consumer Services - 0.1%   
FSN E-Commerce Ventures Pvt Ltd. (d)(e) 204,681 29,758 
Hotels, Restaurants & Leisure - 4.4%   
Airbnb, Inc. Class A(b) 877,538 151,560 
Boyd Gaming Corp. (a) 1,304,408 86,287 
Caesars Entertainment, Inc. (a) 3,378,149 330,518 
Chipotle Mexican Grill, Inc. (a) 167,924 250,548 
Churchill Downs, Inc. 453,757 95,970 
Dave & Buster's Entertainment, Inc. (a)(b) 204,376 9,332 
DraftKings, Inc. Class A (a)(b) 271,837 15,402 
Evolution Gaming Group AB (c) 351,142 69,353 
Expedia, Inc. (a) 1,204,588 212,285 
Flutter Entertainment PLC 46,185 9,466 
Hilton Worldwide Holdings, Inc. 693,719 89,282 
Kambi Group PLC (a) 534,158 27,018 
Las Vegas Sands Corp. (a) 1,229,039 75,291 
Marriott International, Inc. Class A 992,628 147,425 
MGM Resorts International 2,088,838 85,057 
Penn National Gaming, Inc. (a) 4,515,502 402,422 
Planet Fitness, Inc. (a) 771,795 64,823 
Texas Roadhouse, Inc. Class A 604,403 64,683 
Vail Resorts, Inc. 215,123 69,949 
Wynn Resorts Ltd. (a)(b) 826,229 106,088 
  2,362,759 
Household Durables - 1.0%   
D.R. Horton, Inc. 446,180 43,855 
KB Home 556,158 26,824 
Lennar Corp. Class A 535,378 55,465 
PulteGroup, Inc. 95,800 5,664 
Purple Innovation, Inc. (a) 1,065,899 36,326 
Sonos, Inc. (a) 527,948 21,134 
Sony Group Corp. sponsored ADR 333,196 33,373 
Taylor Morrison Home Corp. (a) 1,860,854 58,077 
Tempur Sealy International, Inc. 1,585,037 60,453 
Toll Brothers, Inc. 949,312 59,522 
TRI Pointe Homes, Inc. (a) 2,426,940 57,810 
Tupperware Brands Corp. (a)(f) 4,230,827 103,105 
  561,608 
Internet & Direct Marketing Retail - 10.4%   
Alibaba Group Holding Ltd. sponsored ADR (a) 1,308,477 302,193 
Amazon.com, Inc. (a) 1,185,610 4,111,008 
BHG Group AB (a) 653,160 12,553 
ContextLogic, Inc. 1,339,220 17,646 
Coupang, Inc. Class A (a)(b) 310,734 13,020 
Deliveroo Holdings PLC (a)(c) 6,185,262 22,893 
Deliveroo Holdings PLC 10,728,200 35,737 
Delivery Hero AG (a)(c) 173,620 27,563 
Etsy, Inc. (a) 393,365 78,197 
Farfetch Ltd. Class A (a)(b) 1,976,572 96,832 
JD Health International, Inc. (c) 1,435,410 22,360 
JD.com, Inc.:   
Class A 328,490 12,686 
sponsored ADR (a) 816,637 63,175 
Magnite, Inc. (a) 794,017 31,800 
Meituan Class B (a)(c) 291,095 11,167 
MercadoLibre, Inc. (a) 67,284 105,702 
Pinduoduo, Inc. ADR (a) 2,064,355 276,479 
Poshmark, Inc. (b) 339,735 14,211 
The Honest Co., Inc. (a)(d) 300,286 4,189 
The RealReal, Inc. (a) 3,259,932 80,749 
THG PLC 1,517,713 12,995 
thredUP, Inc. (a) 164,488 2,824 
Vipshop Holdings Ltd. ADR (a) 565,541 17,402 
Wayfair LLC Class A (a) 714,011 211,040 
Zomato Pvt Ltd. (d)(e) 25,862,000 20,328 
  5,604,749 
Leisure Products - 0.2%   
Callaway Golf Co. 389,047 11,263 
Peloton Interactive, Inc. Class A (a) 924,766 90,951 
Vista Outdoor, Inc. (a) 447,560 14,595 
  116,809 
Multiline Retail - 0.4%   
Kohl's Corp. 642,133 37,668 
Nordstrom, Inc. (a) 2,980,278 109,317 
Ollie's Bargain Outlet Holdings, Inc. (a) 728,772 67,244 
Target Corp. 92,918 19,258 
  233,487 
Specialty Retail - 5.1%   
American Eagle Outfitters, Inc. 8,198,592 283,425 
Aritzia LP (a) 1,418,856 35,404 
Auto1 Group SE (c) 303,606 17,155 
Burlington Stores, Inc. (a) 409,406 133,601 
Carvana Co. Class A (a)(b) 1,500,577 428,055 
Cazoo Holdings Ltd. (d) 331,522 10,190 
Dick's Sporting Goods, Inc. 1,269,585 104,842 
Five Below, Inc. (a) 811,234 163,277 
Floor & Decor Holdings, Inc. Class A (a) 1,739,425 192,937 
Gap, Inc. 2,304,862 76,291 
Industria de Diseno Textil SA (b) 456,000 16,238 
JD Sports Fashion PLC (a) 919,253 11,659 
L Brands, Inc. (a) 591,362 38,971 
Lowe's Companies, Inc. 3,612,605 708,974 
MYT Netherlands Parent BV ADR (b) 540,018 16,184 
RH (a) 721,027 496,081 
Urban Outfitters, Inc.(a) 393,077 14,111 
  2,747,395 
Textiles, Apparel & Luxury Goods - 4.1%   
Allbirds, Inc. (a)(d)(e) 181,080 2,001 
Burberry Group PLC (a) 979,040 27,867 
Capri Holdings Ltd. (a) 4,226,199 232,779 
Crocs, Inc. (a) 2,893,180 289,665 
Deckers Outdoor Corp. (a) 432,263 146,191 
Dr. Martens Ltd. (a) 2,340,313 15,630 
Hermes International SCA 12,243 15,367 
lululemon athletica, Inc. (a) 1,495,263 501,317 
LVMH Moet Hennessy Louis Vuitton SE 128,087 96,494 
Moncler SpA 896,767 55,007 
NIKE, Inc. Class B 2,669,392 354,015 
Prada SpA 819,850 5,103 
Puma AG 279,125 29,437 
PVH Corp. 1,869,192 211,555 
Tapestry, Inc. 2,261,015 108,190 
Tory Burch LLC (a)(d)(e)(g) 293,611 24,490 
Under Armour, Inc. Class A (sub. vtg.) (a) 3,863,383 93,919 
  2,209,027 
TOTAL CONSUMER DISCRETIONARY  15,216,847 
CONSUMER STAPLES - 1.4%   
Beverages - 0.9%   
Boston Beer Co., Inc. Class A (a) 120,452 146,529 
Celsius Holdings, Inc. (a)(b) 628,637 36,021 
Constellation Brands, Inc. Class A (sub. vtg.) 254,031 61,049 
Kweichow Moutai Co. Ltd. (A Shares) 14,700 4,557 
Monster Beverage Corp.(a) 1,071,255 103,965 
The Coca-Cola Co. 2,521,059 136,087 
  488,208 
Food & Staples Retailing - 0.1%   
Blink Health, Inc. Series A1 (d)(e) 51,117 1,668 
Performance Food Group Co. (a) 488,585 28,680 
Sweetgreen, Inc. warrants 1/21/26 (a)(d)(e) 346,965 1,371 
Zur Rose Group AG (a) 23,921 7,963 
  39,682 
Food Products - 0.3%   
AppHarvest, Inc. (d) 1,824,864 31,223 
Bunge Ltd. 332,725 28,089 
Darling Ingredients, Inc. (a) 705,256 48,980 
Freshpet, Inc. (a) 137,345 25,384 
Village Farms International, Inc. (a)(b) 831,711 9,290 
  142,966 
Personal Products - 0.0%   
Estee Lauder Companies, Inc. Class A 58,955 18,500 
Tobacco - 0.1%   
Altria Group, Inc. 506,325 24,177 
JUUL Labs, Inc.:   
Class A (a)(d)(e) 21,148 1,291 
Class B (a)(d)(e) 6,625 404 
Swedish Match Co. AB 280,904 23,042 
  48,914 
TOTAL CONSUMER STAPLES  738,270 
ENERGY - 1.1%   
Energy Equipment & Services - 0.1%   
Schlumberger Ltd. 1,368,767 37,025 
Oil, Gas & Consumable Fuels - 1.0%   
BP PLC sponsored ADR 1,050,099 26,420 
ConocoPhillips Co. 678,458 34,696 
EOG Resources, Inc. 598,221 44,053 
Hess Corp. 728,331 54,268 
HollyFrontier Corp. 1,178,494 41,247 
Neste Oyj 68,627 4,158 
Reliance Industries Ltd. 7,638,838 205,734 
Reliance Industries Ltd. 509,255 7,386 
Reliance Industries Ltd. sponsored GDR (c) 438,934 23,746 
Suncor Energy, Inc. 1,197,025 25,603 
Total SA sponsored ADR 332,190 14,709 
Valero Energy Corp. 667,740 49,386 
  531,406 
TOTAL ENERGY  568,431 
FINANCIALS - 1.8%   
Banks - 0.5%   
Bank of America Corp. 529,653 21,467 
Citigroup, Inc. 1,118,733 79,699 
Kotak Mahindra Bank Ltd. (a) 779,186 18,400 
Wells Fargo & Co. 3,612,976 162,765 
  282,331 
Capital Markets - 0.4%   
Charles Schwab Corp. 686,885 48,357 
Coinbase Global, Inc. (a) 86,431 25,725 
Goldman Sachs Group, Inc. 172,552 60,126 
Morgan Stanley 817,880 67,516 
Open Lending Corp. (a) 440,065 17,185 
  218,909 
Consumer Finance - 0.4%   
Ally Financial, Inc. (b) 1,410,179 72,554 
American Express Co. 291,594 44,716 
Capital One Financial Corp. 488,012 72,753 
  190,023 
Diversified Financial Services - 0.2%   
Ant International Co. Ltd. Class C (a)(d)(e) 4,367,660 12,579 
ArcLight Clean Transition Corp. Class A (a)(b) 838,244 13,563 
BowX Acquisition Corp. (a) 1,726,331 21,061 
CIIG Merger Corp. (d) 734,236 12,974 
Horizon Acquisition Corp. Class A (a) 1,063,293 10,612 
Jaws Acquisition Corp. (a) 1,106,101 14,335 
Payfare, Inc. (a) 1,079,144 6,585 
Rapyd Financial Network 2016 Ltd. (e) 204,327 15,000 
  106,709 
Insurance - 0.2%   
Goosehead Insurance 115,371 12,684 
MetLife, Inc. 608,547 38,722 
MetroMile, Inc. (a)(b) 1,723,875 16,049 
Oscar Health, Inc. Class A 915,298 18,724 
Prudential Financial, Inc. 400,151 40,159 
  126,338 
Thrifts & Mortgage Finance - 0.1%   
Housing Development Finance Corp. Ltd. 697,722 22,801 
TOTAL FINANCIALS  947,111 
HEALTH CARE - 7.7%   
Biotechnology - 2.3%   
4D Molecular Therapeutics, Inc. 241,769 9,356 
Acceleron Pharma, Inc. (a) 425,035 53,117 
ADC Therapeutics SA (a) 399,768 9,810 
Agios Pharmaceuticals, Inc. (a) 363,436 20,280 
Akouos, Inc. (a) 241,156 3,429 
Allakos, Inc. (a) 77,339 8,439 
Alnylam Pharmaceuticals, Inc. (a) 780,711 109,799 
Annexon, Inc. (a) 459,292 9,154 
Arcutis Biotherapeutics, Inc. (a) 505,977 16,950 
Argenx SE ADR (a) 95,280 27,318 
Ascendis Pharma A/S sponsored ADR (a) 459,539 66,619 
Avidity Biosciences, Inc. 203,682 4,774 
BeiGene Ltd. (a) 567,089 15,085 
BeiGene Ltd. ADR (a) 131,885 45,308 
BioAtla, Inc. 129,531 6,423 
Biomea Fusion, Inc. (a) 136,977 2,322 
BioXcel Therapeutics, Inc. (a) 56,972 1,935 
Bolt Biotherapeutics, Inc. 282,069 6,307 
BridgeBio Pharma, Inc. (a)(b) 143,100 8,002 
Cibus Corp. Series C (a)(d)(e)(g) 4,762,240 7,239 
Connect Biopharma Holdings Ltd. ADR (a) 427,869 6,961 
Cullinan Oncology, Inc. 85,156 2,764 
CytomX Therapeutics, Inc. (a)(c) 378,621 3,544 
Forma Therapeutics Holdings, Inc. 259,804 7,002 
Fusion Pharmaceuticals, Inc. (a) 269,971 2,322 
Generation Bio Co. 849,781 30,983 
Immunocore Holdings PLC 61,640 2,239 
Immunocore Holdings PLC ADR 198,372 8,006 
Instil Bio, Inc. (a) 573,416 11,772 
Karuna Therapeutics, Inc. (a) 181,799 20,182 
Kronos Bio, Inc. (b) 323,086 8,746 
Kura Oncology, Inc. (a) 238,906 6,434 
Mirati Therapeutics, Inc. (a) 56,512 9,393 
Moderna, Inc. (a) 454,302 81,238 
Natera, Inc. (a) 94,686 10,417 
Neurocrine Biosciences, Inc. (a) 247,411 23,378 
Novavax, Inc. (a) 324,707 76,933 
Passage Bio, Inc. (a) 352,918 6,621 
Prelude Therapeutics, Inc. 255,227 10,577 
Protagonist Therapeutics, Inc. (a) 413,679 11,972 
Recursion Pharmaceuticals, Inc. (a) 536,232 17,910 
Regeneron Pharmaceuticals, Inc. (a) 246,369 118,577 
Relay Therapeutics, Inc. (a) 281,382 8,923 
Revolution Medicines, Inc. (a) 447,191 14,842 
Sage Therapeutics, Inc. (a) 548,034 43,163 
Sana Biotechnology, Inc. (b) 178,988 3,848 
Scholar Rock Holding Corp. (a) 95,542 3,091 
Seagen, Inc. (a) 108,117 15,543 
Shattuck Labs, Inc. 189,009 7,122 
Silverback Therapeutics, Inc. 272,201 8,724 
Taysha Gene Therapies, Inc. 225,766 5,827 
TG Therapeutics, Inc. (a) 221,023 9,882 
Translate Bio, Inc. (a) 624,956 14,511 
Turning Point Therapeutics, Inc. (a) 465,219 35,464 
Twist Bioscience Corp. (a) 39,323 5,277 
Vaxcyte, Inc. 381,305 7,081 
Vor Biopharma, Inc. (a)(b) 257,187 7,248 
Xencor, Inc. (a) 395,681 16,840 
Zai Lab Ltd. ADR (a) 564,093 93,758 
  1,210,781 
Health Care Equipment & Supplies - 2.2%   
Axonics Modulation Technologies, Inc. (a) 759,840 47,817 
Boston Scientific Corp. (a) 255,107 11,123 
CryoPort, Inc. (a)(b) 139,744 7,905 
Danaher Corp. 456,381 115,893 
DexCom, Inc. (a) 531,525 205,222 
InMode Ltd. (a) 473,276 40,858 
Insulet Corp. (a) 331,445 97,849 
Intuitive Surgical, Inc. (a) 365,567 316,215 
Nevro Corp. (a) 65,250 11,276 
Novocure Ltd. (a) 426,076 86,962 
Outset Medical, Inc. 243,683 14,601 
Shockwave Medical, Inc. (a) 923,028 150,878 
Stryker Corp. 20,367 5,349 
Tandem Diabetes Care, Inc. (a) 737,288 67,757 
The Cooper Companies, Inc. 26,259 10,790 
  1,190,495 
Health Care Providers & Services - 0.6%   
1Life Healthcare, Inc. (a) 841,655 36,620 
Alignment Healthcare, Inc. (a) 530,550 14,081 
Alignment Healthcare, Inc. 434,814 10,386 
Guardant Health, Inc. (a) 530,912 84,404 
Humana, Inc. 277,279 123,456 
Oak Street Health, Inc. (a) 716,638 44,166 
Owens & Minor, Inc. 365,966 13,208 
Signify Health, Inc. 128,330 3,638 
Surgery Partners, Inc. (a) 346,283 16,691 
  346,650 
Health Care Technology - 0.1%   
agilon health, Inc. (a) 679,287 21,418 
Certara, Inc. 405,883 12,911 
GoodRx Holdings, Inc. (b) 783,537 31,349 
MultiPlan Corp. warrants (a)(d) 138,859 273 
NeuroPace, Inc. (a) 119,728 2,893 
Phreesia, Inc. (a) 99,790 5,164 
  74,008 
Life Sciences Tools & Services - 0.9%   
10X Genomics, Inc. (a) 299,831 59,307 
Avantor, Inc. (a) 1,558,491 49,934 
Bio-Rad Laboratories, Inc. Class A (a) 33,099 20,857 
Eurofins Scientific SA (a) 94,318 9,338 
Joinn Laboratories China Co. Ltd. (H Shares) (c) 165,251 2,978 
Maravai LifeSciences Holdings, Inc. 782,177 30,435 
Nanostring Technologies, Inc. (a) 309,595 24,665 
Olink Holding AB ADR (a) 319,905 11,261 
Seer, Inc. 139,067 7,083 
Thermo Fisher Scientific, Inc. 553,776 260,402 
  476,260 
Pharmaceuticals - 1.6%   
Antengene Corp. 6,379,700 13,108 
Arvinas Holding Co. LLC (a) 61,555 4,244 
Atea Pharmaceuticals, Inc. 315,295 7,791 
Chiasma, Inc. warrants 12/16/24 (a) 55,391 16 
Eli Lilly & Co. 1,430,269 261,410 
Hansoh Pharmaceutical Group Co. Ltd. (c) 2,419,420 10,450 
Harmony Biosciences Holdings, Inc. (a) 160,857 4,713 
Horizon Therapeutics PLC (a) 1,468,867 138,984 
Intra-Cellular Therapies, Inc. (a) 633,352 21,806 
Longboard Pharmaceuticals, Inc. (a) 550,887 5,250 
Nektar Therapeutics (a) 664,841 13,038 
Nuvation Bio, Inc. (d) 1,101,428 12,325 
Nuvation Bio, Inc. 1,611,443 16,229 
OptiNose, Inc. (a) 1,108,710 3,958 
Pharvaris BV 235,024 5,664 
Zoetis, Inc. Class A 1,868,921 323,379 
  842,365 
TOTAL HEALTH CARE  4,140,559 
INDUSTRIALS - 6.4%   
Aerospace & Defense - 0.5%   
Airbus Group NV 293,945 35,350 
Axon Enterprise, Inc. (a) 357,004 54,125 
Space Exploration Technologies Corp.:   
Class A (a)(d)(e) 262,745 110,350 
Class C (a)(d)(e) 2,783 1,169 
The Boeing Co. (a) 285,693 66,941 
  267,935 
Air Freight & Logistics - 0.2%   
FedEx Corp. 365,750 106,181 
Airlines - 0.4%   
Delta Air Lines, Inc.(a) 1,300,804 61,034 
JetBlue Airways Corp. (a) 4,715,362 96,005 
Spirit Airlines, Inc. (a)(b) 1,325,356 47,474 
Sun Country Airlines Holdings, Inc. (a) 195,392 7,952 
  212,465 
Building Products - 0.3%   
Builders FirstSource, Inc. (a) 982,403 47,814 
Carrier Global Corp. 742,282 32,349 
The AZEK Co., Inc. 1,477,174 71,318 
Trane Technologies PLC 57,603 10,013 
  161,494 
Commercial Services & Supplies - 0.0%   
Aker Carbon Capture A/S (a) 2,414,595 4,901 
Construction & Engineering - 0.2%   
Dycom Industries, Inc. (a) 414,372 38,872 
MasTec, Inc. (a) 276,515 28,857 
Quanta Services, Inc. 256,036 24,743 
  92,472 
Electrical Equipment - 0.3%   
Acuity Brands, Inc. 220,016 40,817 
Array Technologies, Inc. 1,600,212 45,062 
Ceres Power Holdings PLC (a) 257,554 4,752 
Generac Holdings, Inc. (a) 48,930 15,851 
ITM Power PLC(a) 604,432 4,345 
Shoals Technologies Group, Inc. 909,990 29,183 
Sunrun, Inc. (a) 1,148,159 56,260 
  196,270 
Industrial Conglomerates - 0.1%   
General Electric Co. 6,601,557 86,612 
Machinery - 0.2%   
Caterpillar, Inc. 147,052 33,544 
Deere & Co. 147,420 54,671 
Pentair PLC 83,241 5,370 
  93,585 
Professional Services - 0.2%   
KBR, Inc. 414,511 16,398 
Manpower, Inc. 46,655 5,640 
Upwork, Inc. (a) 1,556,690 71,701 
  93,739 
Road & Rail - 4.0%   
Avis Budget Group, Inc. (a) 612,607 54,896 
Canadian Pacific Railway Ltd. 175,075 65,337 
Lyft, Inc. (a) 18,785,874 1,045,622 
TuSimple Holdings, Inc. (a) 1,019,529 39,180 
Uber Technologies, Inc. (a) 17,442,453 955,323 
  2,160,358 
TOTAL INDUSTRIALS  3,476,012 
INFORMATION TECHNOLOGY - 33.2%   
Communications Equipment - 0.0%   
Cisco Systems, Inc. 106,100 5,402 
Electronic Equipment & Components - 0.2%   
Hon Hai Precision Industry Co. Ltd. (Foxconn) 3,665,000 15,213 
II-VI, Inc. (a)(b) 1,149,792 77,197 
  92,410 
IT Services - 3.6%   
Afterpay Ltd. (a) 657,510 59,591 
Endava PLC ADR (a) 278,481 25,214 
MongoDB, Inc. Class A (a) 152,535 45,373 
PayPal Holdings, Inc. (a) 3,075,817 806,756 
Riskified Ltd. (a)(d)(e) 367,600 4,227 
Riskified Ltd. warrants (a)(d)(e) 3,105 0 
Shopify, Inc. Class A (a) 249,231 294,195 
Snowflake Computing, Inc. 123,987 28,714 
Snowflake Computing, Inc. Class B (c) 22,447 5,199 
Square, Inc. (a) 1,616,343 395,713 
Squarespace, Inc. Class C (d)(e) 284,200 19,445 
Twilio, Inc. Class A (a) 723,794 266,211 
  1,950,638 
Semiconductors & Semiconductor Equipment - 9.2%   
Advanced Micro Devices, Inc. (a) 1,886,496 153,976 
Ambarella, Inc. (a) 181,787 17,722 
Applied Materials, Inc. 152,027 20,176 
ASML Holding NV 92,550 59,982 
Cirrus Logic, Inc. (a) 658,488 48,998 
Enphase Energy, Inc. (a) 634,063 88,293 
KLA Corp. 80,261 25,310 
Lam Research Corp. 112,100 69,552 
Marvell Technology, Inc. 25,934,952 1,172,519 
MediaTek, Inc. 735,000 31,167 
Micron Technology, Inc. (a) 4,010,159 345,154 
Monolithic Power Systems, Inc. 14,391 5,201 
NVIDIA Corp. 3,134,942 1,882,156 
NXP Semiconductors NV 3,953,039 761,000 
ON Semiconductor Corp. (a) 1,519,887 59,276 
Silergy Corp. 30,722 3,216 
SolarEdge Technologies, Inc. (a) 90,696 23,902 
Synaptics, Inc. (a) 174,048 24,344 
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR 348,228 40,652 
Teradyne, Inc. 815,081 101,950 
  4,934,546 
Software - 11.9%   
ACV Auctions, Inc. 1,040,661 31,835 
ACV Auctions, Inc. Class A (a) 108,861 3,700 
Adobe, Inc. (a) 1,186,736 603,265 
Atlassian Corp. PLC (a) 67,215 15,968 
Atom Tickets LLC (a)(d)(e)(g) 1,204,239 783 
Autodesk, Inc. (a) 134,768 39,340 
Avalara, Inc. (a) 156,990 22,247 
BTRS Holdings, Inc. (d) 734,153 11,600 
Cadence Design Systems, Inc. (a) 384,378 50,649 
Cloudflare, Inc. (a) 981,782 83,196 
Coupa Software, Inc. (a) 141,890 38,174 
Crowdstrike Holdings, Inc. (a) 384,805 80,236 
Digital Turbine, Inc. (a) 251,348 18,959 
Docebo, Inc. 91,297 4,831 
DocuSign, Inc. (a) 338,975 75,571 
DoubleVerify Holdings, Inc. (a) 291,394 10,260 
DoubleVerify Holdings, Inc. 1,707,102 54,096 
Elastic NV (a) 428,871 51,730 
Epic Games, Inc. (d)(e) 6,131 5,426 
Five9, Inc. (a) 157,423 29,591 
Freee KK (a) 50,686 4,304 
HubSpot, Inc. (a) 304,177 160,134 
Intuit, Inc. 37,446 15,434 
Lightspeed POS, Inc. (Canada) (a) 1,788,097 124,861 
Microsoft Corp. 12,614,039 3,181,008 
Privia Health Group, Inc. (a) 126,800 4,605 
Qualtrics International, Inc. 236,909 8,849 
RingCentral, Inc. (a) 364,761 116,341 
Salesforce.com, Inc. (a) 4,048,913 932,546 
ServiceNow, Inc. (a) 271,070 137,262 
Sinch AB (a)(c) 26,698 4,218 
Tanium, Inc. Class B (a)(d)(e) 554,900 6,115 
Telos Corp. 429,787 14,260 
Teradata Corp.(a) 308,476 15,260 
The Trade Desk, Inc. (a) 153,644 112,054 
UiPath, Inc. 499,500 32,368 
UiPath, Inc. Class A (a)(b) 101,385 7,300 
Volue A/S 2,628,701 15,158 
Workday, Inc. Class A (a) 488,385 120,631 
Zoom Video Communications, Inc. Class A (a) 629,204 201,075 
  6,445,240 
Technology Hardware, Storage & Peripherals - 8.3%   
Apple, Inc. 34,119,575 4,485,361 
Dell Technologies, Inc. (a) 53,135 5,225 
  4,490,586 
TOTAL INFORMATION TECHNOLOGY  17,918,822 
MATERIALS - 1.4%   
Chemicals - 0.8%   
Celanese Corp. Class A 101,783 15,944 
CF Industries Holdings, Inc. 262,218 12,752 
Corbion NV 87,200 5,108 
Corteva, Inc. 831,824 40,560 
Nutrien Ltd. 1,651,254 91,150 
Olin Corp. 1,156,786 49,777 
PPG Industries, Inc. 129,996 22,261 
The Chemours Co. LLC 2,948,815 89,054 
The Mosaic Co. 1,392,642 48,993 
Tronox Holdings PLC 542,897 11,509 
Westlake Chemical Corp. 169,218 15,888 
  402,996 
Construction Materials - 0.0%   
Eagle Materials, Inc. 160,179 22,127 
Metals & Mining - 0.5%   
Allegheny Technologies, Inc. (a) 223,900 5,208 
Anglo American PLC (United Kingdom) 411,543 17,449 
ArcelorMittal SA Class A unit (a)(b) 1,809,702 53,006 
Cleveland-Cliffs, Inc. 232,000 4,144 
First Quantum Minerals Ltd. 1,559,432 35,942 
Freeport-McMoRan, Inc. 3,305,614 124,655 
Gatos Silver, Inc. 917,188 10,529 
Steel Dynamics, Inc. 129,700 7,032 
Vale SA sponsored ADR 1,441,089 28,995 
  286,960 
Paper & Forest Products - 0.1%   
Louisiana-Pacific Corp. 381,812 25,154 
West Fraser Timber Co. Ltd. 272,264 21,021 
  46,175 
TOTAL MATERIALS  758,258 
REAL ESTATE - 0.4%   
Equity Real Estate Investment Trusts (REITs) - 0.2%   
Simon Property Group, Inc. 707,078 86,080 
Real Estate Management & Development - 0.2%   
Compass, Inc. (a) 256,203 4,873 
Hemnet Group AB (a) 263,300 4,976 
KE Holdings, Inc. ADR (a) 137,423 7,153 
Realogy Holdings Corp. (a)(b) 1,365,092 23,589 
Redfin Corp. (a)(b) 1,374,301 97,273 
  137,864 
TOTAL REAL ESTATE  223,944 
UTILITIES - 0.1%   
Independent Power and Renewable Electricity Producers - 0.1%   
Brookfield Renewable Corp. 485,157 20,110 
FTC Solar, Inc. (a) 546,700 7,441 
The AES Corp. 1,013,822 28,205 
  55,756 
TOTAL COMMON STOCKS   
(Cost $22,506,602)  52,699,051 
Preferred Stocks - 2.0%   
Convertible Preferred Stocks - 1.8%   
COMMUNICATION SERVICES - 0.1%   
Diversified Telecommunication Services - 0.1%   
Starry, Inc.:   
Series C (a)(d)(e) 5,833,836 9,801 
Series D (a)(d)(e) 6,810,656 11,442 
Series E3 (d)(e) 3,377,325 5,674 
  26,917 
CONSUMER DISCRETIONARY - 0.6%   
Automobiles - 0.2%   
Rad Power Bikes, Inc.:   
Series A (d)(e) 120,997 584 
Series C (d)(e) 476,111 2,297 
Rivian Automotive, Inc.:   
Series E (d)(e) 2,276,313 83,882 
Series F (d)(e) 1,007,008 37,108 
  123,871 
Hotels, Restaurants & Leisure - 0.0%   
MOD Super Fast Pizza Holdings LLC Series 3 (a)(d)(e)(g) 100,182 20,141 
Internet & Direct Marketing Retail - 0.3%   
GoBrands, Inc. Series G (d)(e) 166,200 41,503 
Instacart, Inc.:   
Series H (d)(e) 245,379 30,672 
Series I (d)(e) 118,846 14,856 
Reddit, Inc. Series B (a)(d)(e) 524,232 22,266 
The Honest Co., Inc.:   
Series C (a)(d) 700,666 10,664 
Series D (a)(d) 154,896 2,357 
Series E (a)(d) 1,102,794 15,384 
  137,702 
Specialty Retail - 0.1%   
Fanatics, Inc.:   
Series E (d)(e) 1,040,349 36,277 
Series F (d)(e) 60,574 2,112 
  38,389 
Textiles, Apparel & Luxury Goods - 0.0%   
Allbirds, Inc.:   
Series A (a)(d)(e) 71,465 790 
Series B (a)(d)(e) 12,560 139 
Series C (a)(d)(e) 119,995 1,326 
Series Seed (a)(d)(e) 38,400 424 
  2,679 
TOTAL CONSUMER DISCRETIONARY  322,782 
CONSUMER STAPLES - 0.4%   
Food & Staples Retailing - 0.1%   
Blink Health, Inc. Series C (a)(d)(e) 150,137 4,900 
Sweetgreen, Inc.:   
Series C (a)(d)(e) 15,004 197 
Series D (a)(d)(e) 241,354 3,174 
Series H (a)(d)(e) 3,242,523 42,639 
Series I (a)(d)(e) 568,842 7,480 
Series J (d)(e) 346,965 4,563 
  62,953 
Food Products - 0.0%   
Agbiome LLC Series C (a)(d)(e) 1,091,300 6,912 
Tobacco - 0.3%   
JUUL Labs, Inc.:   
Series C (a)(d)(e) 2,570,575 156,934 
Series D (a)(d)(e) 13,822 844 
Series E (a)(d)(e) 14,959 913 
  158,691 
TOTAL CONSUMER STAPLES  228,556 
FINANCIALS - 0.0%   
Diversified Financial Services - 0.0%   
Sonder Holdings, Inc. Series D1 (d)(e) 606,719 6,532 
HEALTH CARE - 0.0%   
Biotechnology - 0.0%   
23andMe, Inc. Series F (a)(d) 800,982 16,279 
Pharmaceuticals - 0.0%   
Castle Creek Pharmaceutical Holdings, Inc. Series B (a)(d)(e) 3,301 2,163 
TOTAL HEALTH CARE  18,442 
INDUSTRIALS - 0.2%   
Aerospace & Defense - 0.2%   
ABL Space Systems Series B (d)(e) 270,130 12,165 
Space Exploration Technologies Corp.:   
Series G (a)(d)(e) 97,277 40,855 
Series H (a)(d)(e) 25,767 10,822 
Series N (d)(e) 79,406 33,350 
  97,192 
Construction & Engineering - 0.0%   
Beta Technologies, Inc. Series A (d)(e) 101,010 7,401 
Professional Services - 0.0%   
YourPeople, Inc. Series C (a)(d)(e) 692,196 132 
TOTAL INDUSTRIALS  104,725 
INFORMATION TECHNOLOGY - 0.4%   
Communications Equipment - 0.0%   
Xsight Labs Ltd. Series D (d)(e) 1,192,000 9,531 
Electronic Equipment & Components - 0.1%   
Enevate Corp. Series E (d)(e) 12,084,432 13,398 
IT Services - 0.1%   
AppNexus, Inc. Series E (Escrow) (a)(d)(e) 646,522 20 
ByteDance Ltd. Series E1 (d)(e) 293,038 32,109 
Riskified Ltd.:   
Series D (d)(e) 109,000 1,254 
Series E (a)(d)(e) 370,000 4,255 
Yanka Industries, Inc. Series F (d)(e) 508,854 16,221 
  53,859 
Semiconductors & Semiconductor Equipment - 0.0%   
Tenstorrent, Inc. Series C1 (d)(e) 77,800 4,626 
Software - 0.2%   
Bird Rides, Inc. (d)(e) 3,340,658 16,703 
Bird Rides, Inc.:   
Series C1 (d)(e) 2,114,013 10,570 
Series D (d)(e) 265,200 1,326 
Databricks, Inc. Series G (d)(e) 145,986 25,893 
Dataminr, Inc. Series D (a)(d)(e) 277,250 12,199 
Delphix Corp. Series D (a)(d)(e) 675,445 6,673 
Jet.Com, Inc. Series B1 (Escrow) (a)(d)(e) 2,928,086 0 
Malwarebytes Corp. Series B (a)(d)(e) 1,056,193 27,989 
Nuvia, Inc. Series B (d) 1,606,942 1,313 
Stripe, Inc. Series H (d)(e) 73,100 2,933 
Taboola.com Ltd. Series E (a)(d) 634,902 14,895 
  120,494 
TOTAL INFORMATION TECHNOLOGY  201,908 
MATERIALS - 0.1%   
Metals & Mining - 0.1%   
Diamond Foundry, Inc. Series C (d)(e) 2,271,329 54,512 
TOTAL CONVERTIBLE PREFERRED STOCKS  964,374 
Nonconvertible Preferred Stocks - 0.2%   
CONSUMER DISCRETIONARY - 0.2%   
Automobiles - 0.1%   
Neutron Holdings, Inc.:   
Series 1C (d)(e) 50,654,200 750 
Series 1D (d)(e) 85,315,542 1,263 
Volkswagen AG 256,095 66,720 
Waymo LLC Series A2 (d)(e) 81,316 6,982 
  75,715 
Specialty Retail - 0.1%   
Cazoo Holdings Ltd.:   
Series A (d) 10,823 333 
Series B (d) 189,488 5,824 
Series C (d) 3,846 118 
Series D (d) 676,921 20,807 
  27,082 
TOTAL CONSUMER DISCRETIONARY  102,797 
HEALTH CARE - 0.0%   
Pharmaceuticals - 0.0%   
Castle Creek Pharmaceutical Holdings, Inc. Series A4 (a)(d)(e) 29,758 19,497 
TOTAL NONCONVERTIBLE PREFERRED STOCKS  122,294 
TOTAL PREFERRED STOCKS   
(Cost $730,575)  1,086,668 
 Principal Amount (000s) Value (000s) 
Corporate Bonds - 0.2%   
Convertible Bonds - 0.0%   
CONSUMER DISCRETIONARY - 0.0%   
Automobiles - 0.0%   
Neutron Holdings, Inc.:   
4% 5/22/27 (d)(e) 2,433 2,433 
4% 6/12/27 (d)(e) 647 647 
  3,080 
FINANCIALS - 0.0%   
Diversified Financial Services - 0.0%   
Sonder Holdings, Inc. 0% (d)(e)(h) 4,056 4,056 
TOTAL CONVERTIBLE BONDS  7,136 
Nonconvertible Bonds - 0.2%   
INDUSTRIALS - 0.2%   
Road & Rail - 0.2%   
Hertz Corp.:   
5.5% 10/15/24 (c)(i) 28,176 29,340 
6% 1/15/28 (c)(i) 25,037 27,228 
6.25% 10/15/22 (i) 13,264 13,927 
7.125% 8/1/26 (c)(i) 15,462 16,853 
  87,348 
TOTAL CORPORATE BONDS   
(Cost $86,606)  94,484 
Preferred Securities - 0.0%   
INFORMATION TECHNOLOGY - 0.0%   
Electronic Equipment & Components - 0.0%   
Enevate Corp. 0% 1/29/23 (d)(e) 5,145 5,145 
Semiconductors & Semiconductor Equipment - 0.0%   
Tenstorrent, Inc. 0% (d)(e)(h) 4,320 4,320 
TOTAL PREFERRED SECURITIES   
(Cost $9,465)  9,465 
 Shares Value (000s) 
Money Market Funds - 1.4%   
Fidelity Cash Central Fund 0.04% (j) 59,958,084 59,970 
Fidelity Securities Lending Cash Central Fund 0.04% (j)(k) 709,290,821 709,362 
TOTAL MONEY MARKET FUNDS   
(Cost $769,332)  769,332 
TOTAL INVESTMENT IN SECURITIES - 101.3%   
(Cost $24,102,580)  54,659,000 
NET OTHER ASSETS (LIABILITIES) - (1.3)%  (693,087) 
NET ASSETS - 100%  $53,965,913 

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 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 $309,874,000 or 0.6% 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 $1,377,689,000 or 2.6% of net assets.

 (e) Level 3 security

 (f) Affiliated company

 (g) Investment is owned by a wholly-owned subsidiary (Subsidiary) that is treated as a corporation for U.S. tax purposes.

 (h) Security is perpetual in nature with no stated maturity date.

 (i) Non-income producing - Security is in default.

 (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 
ABL Space Systems Series B 3/24/21 $12,165 
Agbiome LLC Series C 6/29/18 $6,912 
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 
AppHarvest, Inc. 1/29/21 $18,249 
AppNexus, Inc. Series E (Escrow) 8/1/14 $0 
Atom Tickets LLC 8/15/17 $7,000 
Beta Technologies, Inc. Series A 4/9/21 $7,401 
Bird Rides, Inc. 2/12/21 - 4/20/21 $17,209 
Bird Rides, Inc. Series C1 12/21/18 $24,830 
Bird Rides, Inc. Series D 9/30/19 $3,426 
Blink Health, Inc. Series A1 12/30/20 $1,385 
Blink Health, Inc. Series C 11/7/19 - 1/21/21 $5,732 
BTRS Holdings, Inc. 1/12/21 $7,342 
ByteDance Ltd. Series E1 11/18/20 $32,109 
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 
CIIG Merger Corp. 3/24/21 $7,342 
Databricks, Inc. Series G 2/1/21 $25,893 
Dataminr, Inc. Series D 3/6/15 $3,535 
Delphix Corp. Series D 7/10/15 $6,079 
Diamond Foundry, Inc. Series C 3/15/21 $54,512 
Enevate Corp. Series E 1/29/21 $13,398 
Enevate Corp. 0% 1/29/23 1/29/21 $5,145 
Epic Games, Inc. 7/30/20 $3,525 
Fanatics, Inc. Series E 8/13/20 $17,988 
Fanatics, Inc. Series F 3/22/21 $2,112 
FSN E-Commerce Ventures Pvt Ltd. 10/7/20 - 10/26/20 $16,850 
GoBrands, Inc. Series G 3/2/21 $41,503 
Instacart, Inc. Series H 11/13/20 $14,723 
Instacart, Inc. Series I 2/26/21 $14,856 
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 
Lordstown Motors Corp. 10/23/20 $5,880 
Malwarebytes Corp. Series B 12/21/15 $10,958 
MOD Super Fast Pizza Holdings LLC Series 3 11/3/16 - 5/15/19 $13,991 
MultiPlan Corp. warrants 10/8/20 $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. 2/10/21 $11,014 
Nuvia, Inc. Series B 3/16/21 $1,313 
Rad Power Bikes, Inc. 1/21/21 $4,477 
Rad Power Bikes, Inc. Series A 1/21/21 $584 
Rad Power Bikes, Inc. Series C 1/21/21 $2,297 
Reddit, Inc. Series B 7/26/17 $7,442 
Riskified Ltd. 12/20/19 - 4/15/20 $3,324 
Riskified Ltd. Series D 11/18/20 $1,254 
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 
Rivian Automotive, Inc. Series F 1/19/21 $37,108 
Sonder Holdings, Inc. Series D1 12/20/19 $6,368 
Sonder Holdings, Inc. 0% 3/18/21 $4,056 
Space Exploration Technologies Corp. Class A 10/16/15 - 2/16/21 $31,998 
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 
Squarespace, Inc. Class C 3/16/21 $19,445 
Starry, Inc. Series C 12/8/17 $5,379 
Starry, Inc. Series D 3/6/19 - 7/30/20 $9,739 
Starry, Inc. Series E3 3/31/21 $5,674 
Stripe, Inc. Series H 3/15/21 $2,933 
Sweetgreen, Inc. warrants 1/21/26 1/21/21 $0 
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 
Sweetgreen, Inc. Series J 1/21/21 $5,933 
Taboola.com Ltd. Series E 12/22/14 $6,619 
Tanium, Inc. Class B 4/21/17 $2,755 
Tenstorrent, Inc. Series C1 4/23/21 $4,626 
Tenstorrent, Inc. 0% 4/23/21 $4,320 
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 
Tory Burch LLC 5/14/15 $20,618 
Waymo LLC Series A2 5/8/20 $6,982 
Xsight Labs Ltd. Series D 2/16/21 $9,531 
Yanka Industries, Inc. Series F 4/8/21 $16,221 
YourPeople, Inc. Series C 5/1/15 $10,314 
Zomato Pvt Ltd. 1/22/21 - 1/29/21 $2,949 

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 $13 
Fidelity Securities Lending Cash Central Fund 3,446 
Total $3,459 

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 
Shift Technologies, Inc. Class A $13,233 $0 $8,518 $-- $(3,438) $1,939 $-- 
Tupperware Brands Corp. -- 91,344 928 -- 470 12,219 103,105 
Total $13,233 $91,344 $9,446 $-- $(2,968) $14,158 $103,105 

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 and preferred securities 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.

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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