Quarterly Holdings Report
for
Fidelity Flex® Funds
Fidelity Flex® Large Cap Growth Fund
April 30, 2021
Schedule of Investments April 30, 2021 (Unaudited)
Showing Percentage of Net Assets
| Common Stocks - 93.8% | |||
| Shares | Value | ||
| COMMUNICATION SERVICES - 15.7% | |||
| Entertainment - 3.3% | |||
| Activision Blizzard, Inc. | 4,908 | $447,561 | |
| Bilibili, Inc. ADR (a) | 1,113 | 123,387 | |
| Netflix, Inc. (a) | 3,385 | 1,738,096 | |
| Roku, Inc. Class A (a) | 923 | 316,561 | |
| Sea Ltd. ADR (a) | 5,827 | 1,471,551 | |
| Take-Two Interactive Software, Inc. (a) | 273 | 47,879 | |
| The Walt Disney Co. (a) | 586 | 109,008 | |
| 4,254,043 | |||
| Interactive Media & Services - 11.9% | |||
| Alphabet, Inc. Class A (a) | 2,948 | 6,938,118 | |
| Baidu.com, Inc. sponsored ADR (a) | 297 | 62,468 | |
| Bumble, Inc. | 933 | 56,204 | |
| Facebook, Inc. Class A (a) | 18,355 | 5,966,843 | |
| JOYY, Inc. ADR | 1,314 | 124,909 | |
| Kuaishou Technology Class B (b) | 1,000 | 33,858 | |
| Match Group, Inc. (a) | 2,178 | 338,962 | |
| Pinterest, Inc. Class A (a) | 757 | 50,242 | |
| Snap, Inc. Class A (a) | 12,024 | 743,324 | |
| Tencent Holdings Ltd. | 8,028 | 640,410 | |
| Twitter, Inc. (a) | 2,236 | 123,472 | |
| Zillow Group, Inc. Class C (a) | 462 | 60,115 | |
| 15,138,925 | |||
| Media - 0.3% | |||
| AppLovin Corp. (a) | 195 | 11,312 | |
| Criteo SA sponsored ADR (a) | 5,184 | 205,960 | |
| DISH Network Corp. Class A (a) | 569 | 25,486 | |
| Endeavor Group Holdings, Inc. (a) | 1,000 | 27,560 | |
| Endeavor Group Holdings, Inc. (a) | 1,768 | 43,853 | |
| 314,171 | |||
| Wireless Telecommunication Services - 0.2% | |||
| T-Mobile U.S., Inc. | 2,304 | 304,428 | |
| TOTAL COMMUNICATION SERVICES | 20,011,567 | ||
| CONSUMER DISCRETIONARY - 26.4% | |||
| Automobiles - 2.4% | |||
| Daimler AG (Germany) | 300 | 26,708 | |
| General Motors Co. (a) | 3,210 | 183,676 | |
| Harley-Davidson, Inc. | 3,151 | 152,414 | |
| Hyundai Motor Co. | 100 | 18,958 | |
| Kia Corp. | 302 | 20,794 | |
| Lordstown Motors Corp. (c) | 466 | 4,156 | |
| Neutron Holdings, Inc. (d) | 9,174 | 136 | |
| NIO, Inc. sponsored ADR (a) | 574 | 22,868 | |
| Rad Power Bikes, Inc. (c)(d) | 1,815 | 8,755 | |
| Tesla, Inc. (a) | 3,512 | 2,491,553 | |
| XPeng, Inc. ADR (a) | 3,874 | 115,871 | |
| 3,045,889 | |||
| Diversified Consumer Services - 0.1% | |||
| FSN E-Commerce Ventures Pvt Ltd. (c)(d) | 1,000 | 145,389 | |
| Hotels, Restaurants & Leisure - 4.1% | |||
| Airbnb, Inc. Class A (e) | 1,778 | 307,078 | |
| Boyd Gaming Corp. (a) | 3,134 | 207,314 | |
| Caesars Entertainment, Inc. (a) | 7,243 | 708,655 | |
| Chipotle Mexican Grill, Inc. (a) | 357 | 532,655 | |
| Churchill Downs, Inc. | 1,025 | 216,788 | |
| Dave & Buster's Entertainment, Inc. (a) | 326 | 14,885 | |
| DraftKings, Inc. Class A (a) | 555 | 31,446 | |
| Evolution Gaming Group AB (b) | 467 | 92,235 | |
| Expedia, Inc. (a) | 2,510 | 442,337 | |
| Flutter Entertainment PLC | 100 | 20,495 | |
| Hilton Worldwide Holdings, Inc. | 1,701 | 218,919 | |
| Kambi Group PLC (a) | 885 | 44,765 | |
| Las Vegas Sands Corp. (a) | 3,321 | 203,444 | |
| Marriott International, Inc. Class A | 2,267 | 336,695 | |
| MGM Resorts International | 4,807 | 195,741 | |
| Penn National Gaming, Inc. (a) | 10,585 | 943,335 | |
| Planet Fitness, Inc. (a) | 1,826 | 153,366 | |
| Texas Roadhouse, Inc. Class A | 1,643 | 175,834 | |
| Vail Resorts, Inc. | 510 | 165,832 | |
| Wynn Resorts Ltd. (a) | 1,904 | 244,474 | |
| 5,256,293 | |||
| Household Durables - 1.0% | |||
| D.R. Horton, Inc. | 799 | 78,534 | |
| KB Home | 912 | 43,986 | |
| Lennar Corp. Class A | 1,159 | 120,072 | |
| PulteGroup, Inc. | 225 | 13,302 | |
| Purple Innovation, Inc. (a) | 2,365 | 80,599 | |
| Sonos, Inc. (a) | 1,052 | 42,112 | |
| Sony Group Corp. sponsored ADR | 1,056 | 105,769 | |
| Taylor Morrison Home Corp. (a) | 4,402 | 137,386 | |
| Tempur Sealy International, Inc. | 4,265 | 162,667 | |
| Toll Brothers, Inc. | 2,449 | 153,552 | |
| TRI Pointe Homes, Inc. (a) | 5,801 | 138,180 | |
| Tupperware Brands Corp. (a) | 7,379 | 179,826 | |
| 1,255,985 | |||
| Internet & Direct Marketing Retail - 10.2% | |||
| Alibaba Group Holding Ltd. sponsored ADR (a) | 3,012 | 695,621 | |
| Amazon.com, Inc. (a) | 2,815 | 9,760,787 | |
| BHG Group AB (a) | 1,231 | 23,659 | |
| ContextLogic, Inc. | 670 | 8,828 | |
| Coupang, Inc. Class A (a) | 730 | 30,587 | |
| Deliveroo Holdings PLC | 8,200 | 27,315 | |
| Deliveroo Holdings PLC (a)(b) | 14,253 | 52,753 | |
| Delivery Hero AG (a)(b) | 291 | 46,198 | |
| Etsy, Inc. (a) | 834 | 165,791 | |
| Farfetch Ltd. Class A (a) | 5,296 | 259,451 | |
| JD Health International, Inc. (b) | 2,700 | 42,059 | |
| JD.com, Inc.: | |||
| Class A | 516 | 19,927 | |
| sponsored ADR (a) | 1,838 | 142,188 | |
| Magnite, Inc. (a) | 1,818 | 72,811 | |
| Meituan Class B (a)(b) | 688 | 26,394 | |
| MercadoLibre, Inc. (a) | 155 | 243,502 | |
| Pinduoduo, Inc. ADR (a) | 4,867 | 651,837 | |
| Poshmark, Inc. | 724 | 30,285 | |
| The RealReal, Inc. (a) | 7,707 | 190,902 | |
| THG PLC | 2,600 | 22,263 | |
| thredUP, Inc. (a) | 400 | 6,868 | |
| Vipshop Holdings Ltd. ADR (a) | 1,303 | 40,093 | |
| Wayfair LLC Class A (a) | 1,206 | 356,457 | |
| Zomato Pvt Ltd. (c)(d) | 46,900 | 36,865 | |
| 12,953,441 | |||
| Leisure Products - 0.2% | |||
| Callaway Golf Co. | 203 | 5,877 | |
| Peloton Interactive, Inc. Class A (a) | 2,100 | 206,535 | |
| Vista Outdoor, Inc. (a) | 964 | 31,436 | |
| 243,848 | |||
| Multiline Retail - 0.4% | |||
| Kohl's Corp. | 1,475 | 86,524 | |
| Nordstrom, Inc. (a) | 6,138 | 225,142 | |
| Ollie's Bargain Outlet Holdings, Inc. (a) | 1,702 | 157,044 | |
| Target Corp. | 299 | 61,971 | |
| 530,681 | |||
| Specialty Retail - 4.7% | |||
| American Eagle Outfitters, Inc. | 17,648 | 610,091 | |
| Aritzia LP (a) | 2,361 | 58,912 | |
| Auto1 Group SE (b) | 700 | 39,554 | |
| Burlington Stores, Inc. (a) | 899 | 293,371 | |
| Carvana Co. Class A (a) | 3,255 | 928,521 | |
| Cazoo Holdings Ltd. (c) | 547 | 16,813 | |
| Dick's Sporting Goods, Inc. | 2,949 | 243,528 | |
| Five Below, Inc. (a) | 1,635 | 329,076 | |
| Floor & Decor Holdings, Inc. Class A (a) | 3,490 | 387,111 | |
| Gap, Inc. | 5,218 | 172,716 | |
| Industria de Diseno Textil SA | 1,054 | 37,534 | |
| JD Sports Fashion PLC (a) | 2,119 | 26,876 | |
| L Brands, Inc. (a) | 1,313 | 86,527 | |
| Lowe's Companies, Inc. | 7,729 | 1,516,816 | |
| MYT Netherlands Parent BV ADR (e) | 1,175 | 35,215 | |
| RH (a) | 1,660 | 1,142,113 | |
| Urban Outfitters, Inc. (a) | 903 | 32,418 | |
| 5,957,192 | |||
| Textiles, Apparel & Luxury Goods - 3.3% | |||
| Allbirds, Inc. (a)(c)(d) | 215 | 2,376 | |
| Burberry Group PLC (a) | 1,869 | 53,198 | |
| Capri Holdings Ltd. (a) | 8,533 | 469,998 | |
| Crocs, Inc. (a) | 6,306 | 631,357 | |
| Deckers Outdoor Corp. (a) | 958 | 323,996 | |
| Dr. Martens Ltd. (a) | 4,900 | 32,726 | |
| Hermes International SCA | 27 | 33,889 | |
| lululemon athletica, Inc. (a) | 1,557 | 522,015 | |
| LVMH Moet Hennessy Louis Vuitton SE | 311 | 234,292 | |
| Moncler SpA | 2,322 | 142,429 | |
| NIKE, Inc. Class B | 5,679 | 753,149 | |
| Prada SpA | 1,914 | 11,914 | |
| Puma AG | 526 | 55,473 | |
| PVH Corp. | 4,417 | 499,916 | |
| Tapestry, Inc. | 5,226 | 250,064 | |
| Under Armour, Inc. Class A (sub. vtg.) (a) | 8,491 | 206,416 | |
| 4,223,208 | |||
| TOTAL CONSUMER DISCRETIONARY | 33,611,926 | ||
| CONSUMER STAPLES - 1.3% | |||
| Beverages - 0.9% | |||
| Boston Beer Co., Inc. Class A (a) | 245 | 298,040 | |
| Celsius Holdings, Inc. (a) | 1,189 | 68,130 | |
| Constellation Brands, Inc. Class A (sub. vtg.) | 588 | 141,308 | |
| Kweichow Moutai Co. Ltd. (A Shares) | 34 | 10,540 | |
| Monster Beverage Corp. (a) | 2,461 | 238,840 | |
| The Coca-Cola Co. | 5,831 | 314,757 | |
| 1,071,615 | |||
| Food & Staples Retailing - 0.1% | |||
| Blink Health, Inc. Series A1 (c)(d) | 99 | 3,231 | |
| Performance Food Group Co. (a) | 1,552 | 91,102 | |
| Sweetgreen, Inc. warrants 1/21/26 (a)(c)(d) | 672 | 2,654 | |
| Zur Rose Group AG (a) | 38 | 12,649 | |
| 109,636 | |||
| Food Products - 0.2% | |||
| AppHarvest, Inc. (c) | 3,042 | 52,049 | |
| Bunge Ltd. | 668 | 56,393 | |
| Darling Ingredients, Inc. (a) | 1,457 | 101,189 | |
| Freshpet, Inc. (a) | 246 | 45,466 | |
| Village Farms International, Inc. (a) | 1,224 | 13,672 | |
| 268,769 | |||
| Personal Products - 0.0% | |||
| Estee Lauder Companies, Inc. Class A | 134 | 42,049 | |
| Tobacco - 0.1% | |||
| Altria Group, Inc. | 1,169 | 55,820 | |
| JUUL Labs, Inc. Class A (a)(c)(d) | 217 | 13,248 | |
| Swedish Match Co. AB | 668 | 54,794 | |
| 123,862 | |||
| TOTAL CONSUMER STAPLES | 1,615,931 | ||
| ENERGY - 0.9% | |||
| Energy Equipment & Services - 0.1% | |||
| Schlumberger Ltd. | 3,200 | 86,560 | |
| Oil, Gas & Consumable Fuels - 0.8% | |||
| BP PLC sponsored ADR | 2,413 | 60,711 | |
| ConocoPhillips Co. | 1,546 | 79,062 | |
| EOG Resources, Inc. | 1,374 | 101,181 | |
| Hess Corp. | 1,601 | 119,291 | |
| HollyFrontier Corp. | 2,629 | 92,015 | |
| Neste Oyj | 130 | 7,877 | |
| Reliance Industries Ltd. | 13,054 | 351,579 | |
| Reliance Industries Ltd. | 885 | 12,836 | |
| Reliance Industries Ltd. sponsored GDR (b) | 697 | 37,708 | |
| Suncor Energy, Inc. | 2,642 | 56,509 | |
| Total SA sponsored ADR | 763 | 33,786 | |
| Valero Energy Corp. | 1,518 | 112,271 | |
| 1,064,826 | |||
| TOTAL ENERGY | 1,151,386 | ||
| FINANCIALS - 1.6% | |||
| Banks - 0.5% | |||
| Bank of America Corp. | 1,221 | 49,487 | |
| Citigroup, Inc. | 2,618 | 186,506 | |
| Kotak Mahindra Bank Ltd. (a) | 733 | 17,310 | |
| Wells Fargo & Co. | 8,298 | 373,825 | |
| 627,128 | |||
| Capital Markets - 0.4% | |||
| Charles Schwab Corp. | 1,579 | 111,162 | |
| Coinbase Global, Inc. (a) | 270 | 80,363 | |
| Goldman Sachs Group, Inc. | 357 | 124,397 | |
| Morgan Stanley | 1,869 | 154,286 | |
| Open Lending Corp. (a) | 894 | 34,911 | |
| 505,119 | |||
| Consumer Finance - 0.4% | |||
| Ally Financial, Inc. | 4,095 | 210,688 | |
| American Express Co. | 670 | 102,745 | |
| Capital One Financial Corp. | 1,425 | 212,439 | |
| 525,872 | |||
| Diversified Financial Services - 0.1% | |||
| Ant International Co. Ltd. Class C (a)(c)(d) | 2,450 | 7,056 | |
| ArcLight Clean Transition Corp. Class A (a)(e) | 3,009 | 48,686 | |
| BowX Acquisition Corp. (a) | 4,000 | 48,800 | |
| CIIG Merger Corp. (c) | 1,359 | 24,014 | |
| Horizon Acquisition Corp. Class A (a) | 2,506 | 25,010 | |
| Jaws Acquisition Corp. (a) | 2,120 | 27,475 | |
| Payfare, Inc. (a) | 2,500 | 15,254 | |
| 196,295 | |||
| Insurance - 0.2% | |||
| Goosehead Insurance | 224 | 24,627 | |
| MetLife, Inc. | 1,401 | 89,146 | |
| MetroMile, Inc. (a) | 3,965 | 36,914 | |
| Prudential Financial, Inc. | 923 | 92,632 | |
| 243,319 | |||
| Thrifts & Mortgage Finance - 0.0% | |||
| Housing Development Finance Corp. Ltd. | 365 | 11,928 | |
| TOTAL FINANCIALS | 2,109,661 | ||
| HEALTH CARE - 6.6% | |||
| Biotechnology - 1.6% | |||
| 4D Molecular Therapeutics, Inc. | 460 | 17,802 | |
| Acceleron Pharma, Inc. (a) | 1,060 | 132,468 | |
| ADC Therapeutics SA (a) | 696 | 17,080 | |
| Agios Pharmaceuticals, Inc. (a) | 116 | 6,473 | |
| Akouos, Inc. (a) | 400 | 5,688 | |
| Allakos, Inc. (a) | 276 | 30,117 | |
| Alnylam Pharmaceuticals, Inc. (a) | 1,619 | 227,696 | |
| Annexon, Inc. (a) | 735 | 14,649 | |
| Arcutis Biotherapeutics, Inc. (a) | 691 | 23,149 | |
| Argenx SE ADR (a) | 108 | 30,965 | |
| Ascendis Pharma A/S sponsored ADR (a) | 382 | 55,379 | |
| Avidity Biosciences, Inc. | 300 | 7,032 | |
| BeiGene Ltd. (a) | 331 | 8,805 | |
| BeiGene Ltd. ADR (a) | 79 | 27,140 | |
| BioAtla, Inc. | 300 | 14,877 | |
| Biomea Fusion, Inc. (a) | 277 | 4,695 | |
| BioXcel Therapeutics, Inc. (a) | 84 | 2,853 | |
| Bolt Biotherapeutics, Inc. | 600 | 13,416 | |
| BridgeBio Pharma, Inc. (a) | 201 | 11,240 | |
| Connect Biopharma Holdings Ltd. ADR (a) | 1,000 | 16,270 | |
| Cullinan Oncology, Inc. | 300 | 9,738 | |
| Forma Therapeutics Holdings, Inc. | 489 | 13,179 | |
| Fusion Pharmaceuticals, Inc. (a) | 400 | 3,440 | |
| Generation Bio Co. | 1,151 | 41,965 | |
| Immunocore Holdings PLC ADR | 322 | 12,996 | |
| Instil Bio, Inc. (a) | 1,340 | 27,510 | |
| Karuna Therapeutics, Inc. (a) | 173 | 19,205 | |
| Kronos Bio, Inc. | 573 | 15,511 | |
| Kura Oncology, Inc. (a) | 458 | 12,334 | |
| Mirati Therapeutics, Inc. (a) | 58 | 9,641 | |
| Moderna, Inc. (a) | 1,037 | 185,436 | |
| Natera, Inc. (a) | 183 | 20,134 | |
| Neurocrine Biosciences, Inc. (a) | 908 | 85,797 | |
| Novavax, Inc. (a) | 719 | 170,353 | |
| Passage Bio, Inc. (a) | 940 | 17,634 | |
| Prelude Therapeutics, Inc. | 466 | 19,311 | |
| Protagonist Therapeutics, Inc. (a) | 727 | 21,039 | |
| Recursion Pharmaceuticals, Inc. (a) | 1,300 | 43,420 | |
| Regeneron Pharmaceuticals, Inc. (a) | 290 | 139,577 | |
| Relay Therapeutics, Inc. (a) | 546 | 17,314 | |
| Revolution Medicines, Inc. (a) | 903 | 29,971 | |
| Sage Therapeutics, Inc. (a) | 506 | 39,853 | |
| Sana Biotechnology, Inc. | 361 | 7,762 | |
| Scholar Rock Holding Corp. (a) | 178 | 5,758 | |
| Seagen, Inc. (a) | 124 | 17,826 | |
| Shattuck Labs, Inc. | 300 | 11,304 | |
| Silverback Therapeutics, Inc. | 500 | 16,025 | |
| Taysha Gene Therapies, Inc. | 400 | 10,324 | |
| TG Therapeutics, Inc. (a) | 421 | 18,823 | |
| Translate Bio, Inc. (a) | 1,460 | 33,901 | |
| Turning Point Therapeutics, Inc. (a) | 849 | 64,719 | |
| Twist Bioscience Corp. (a) | 75 | 10,064 | |
| Vaxcyte, Inc. | 600 | 11,142 | |
| Vor Biopharma, Inc. (a) | 564 | 15,894 | |
| Xencor, Inc. (a) | 200 | 8,512 | |
| Zai Lab Ltd. ADR (a) | 1,263 | 209,923 | |
| 2,065,129 | |||
| Health Care Equipment & Supplies - 2.0% | |||
| Axonics Modulation Technologies, Inc. (a) | 2,017 | 126,930 | |
| Boston Scientific Corp. (a) | 600 | 26,160 | |
| CryoPort, Inc. (a) | 295 | 16,688 | |
| Danaher Corp. | 1,014 | 257,495 | |
| DexCom, Inc. (a) | 1,107 | 427,413 | |
| InMode Ltd. (a) | 811 | 70,014 | |
| Insulet Corp. (a) | 526 | 155,286 | |
| Intuitive Surgical, Inc. (a) | 908 | 785,420 | |
| Nevro Corp. (a) | 154 | 26,613 | |
| Novocure Ltd. (a) | 1,093 | 223,081 | |
| Outset Medical, Inc. | 559 | 33,495 | |
| Shockwave Medical, Inc. (a) | 1,191 | 194,681 | |
| Stryker Corp. | 48 | 12,606 | |
| Tandem Diabetes Care, Inc. (a) | 1,634 | 150,165 | |
| The Cooper Companies, Inc. | 62 | 25,475 | |
| 2,531,522 | |||
| Health Care Providers & Services - 0.5% | |||
| 1Life Healthcare, Inc. (a) | 1,404 | 61,088 | |
| Alignment Healthcare, Inc. (a) | 1,222 | 32,432 | |
| Alignment Healthcare, Inc. | 571 | 13,639 | |
| Guardant Health, Inc. (a) | 1,171 | 186,166 | |
| Humana, Inc. | 581 | 258,684 | |
| Oak Street Health, Inc. (a) | 724 | 44,620 | |
| Owens & Minor, Inc. | 615 | 22,195 | |
| Signify Health, Inc. | 300 | 8,505 | |
| Surgery Partners, Inc. (a) | 732 | 35,282 | |
| 662,611 | |||
| Health Care Technology - 0.1% | |||
| agilon health, Inc. (a) | 1,568 | 49,439 | |
| Certara, Inc. | 800 | 25,448 | |
| GoodRx Holdings, Inc. | 1,593 | 63,736 | |
| MultiPlan Corp. warrants (a)(c) | 212 | 416 | |
| NeuroPace, Inc. (a) | 300 | 7,248 | |
| Phreesia, Inc. (a) | 233 | 12,058 | |
| 158,345 | |||
| Life Sciences Tools & Services - 1.0% | |||
| 10X Genomics, Inc. (a) | 586 | 115,911 | |
| Avantor, Inc. (a) | 3,175 | 101,727 | |
| Bio-Rad Laboratories, Inc. Class A (a) | 61 | 38,438 | |
| Eurofins Scientific SA (a) | 150 | 14,851 | |
| Joinn Laboratories China Co. Ltd. (H Shares) (b) | 400 | 7,209 | |
| Maravai LifeSciences Holdings, Inc. | 1,749 | 68,054 | |
| Nanostring Technologies, Inc. (a) | 490 | 39,038 | |
| Olink Holding AB ADR (a) | 724 | 25,485 | |
| Seer, Inc. | 476 | 24,243 | |
| Thermo Fisher Scientific, Inc. | 1,618 | 760,832 | |
| 1,195,788 | |||
| Pharmaceuticals - 1.4% | |||
| Antengene Corp. | 12,000 | 24,656 | |
| Arvinas Holding Co. LLC (a) | 118 | 8,135 | |
| Atea Pharmaceuticals, Inc. | 643 | 15,889 | |
| Eli Lilly & Co. | 3,800 | 694,526 | |
| Hansoh Pharmaceutical Group Co. Ltd. (b) | 2,259 | 9,757 | |
| Harmony Biosciences Holdings, Inc. (a) | 281 | 8,233 | |
| Horizon Therapeutics PLC (a) | 2,941 | 278,277 | |
| Intra-Cellular Therapies, Inc. (a) | 838 | 28,852 | |
| Longboard Pharmaceuticals, Inc. (a) | 1,300 | 12,389 | |
| Nektar Therapeutics (a) | 308 | 6,040 | |
| Nuvation Bio, Inc. (c) | 1,992 | 22,290 | |
| Nuvation Bio, Inc. | 1,450 | 14,603 | |
| OptiNose, Inc. (a) | 1,908 | 6,812 | |
| Pharvaris BV | 505 | 12,171 | |
| Zoetis, Inc. Class A | 3,971 | 687,102 | |
| 1,829,732 | |||
| TOTAL HEALTH CARE | 8,443,127 | ||
| INDUSTRIALS - 6.1% | |||
| Aerospace & Defense - 0.3% | |||
| Airbus Group NV | 676 | 81,296 | |
| Axon Enterprise, Inc. (a) | 869 | 131,749 | |
| Space Exploration Technologies Corp. Class A (a)(c)(d) | 100 | 41,999 | |
| The Boeing Co. (a) | 606 | 141,992 | |
| 397,036 | |||
| Air Freight & Logistics - 0.2% | |||
| FedEx Corp. | 730 | 211,926 | |
| Airlines - 0.4% | |||
| Delta Air Lines, Inc. (a) | 2,996 | 140,572 | |
| JetBlue Airways Corp. (a) | 10,401 | 211,764 | |
| Spirit Airlines, Inc. (a) | 2,741 | 98,183 | |
| Sun Country Airlines Holdings, Inc. (a) | 500 | 20,350 | |
| 470,869 | |||
| Building Products - 0.3% | |||
| Builders FirstSource, Inc. (a) | 1,926 | 93,738 | |
| Carrier Global Corp. | 2,096 | 91,344 | |
| The AZEK Co., Inc. | 3,705 | 178,877 | |
| Trane Technologies PLC | 110 | 19,121 | |
| 383,080 | |||
| Commercial Services & Supplies - 0.0% | |||
| Aker Carbon Capture A/S (a) | 5,048 | 10,246 | |
| Construction & Engineering - 0.2% | |||
| Dycom Industries, Inc. (a) | 1,570 | 147,282 | |
| MasTec, Inc. (a) | 637 | 66,477 | |
| Quanta Services, Inc. | 518 | 50,060 | |
| 263,819 | |||
| Electrical Equipment - 0.4% | |||
| Acuity Brands, Inc. | 514 | 95,357 | |
| Array Technologies, Inc. | 3,685 | 103,770 | |
| Ceres Power Holdings PLC (a) | 540 | 9,963 | |
| Generac Holdings, Inc. (a) | 112 | 36,282 | |
| ITM Power PLC (a) | 1,267 | 9,108 | |
| Shoals Technologies Group, Inc. | 2,648 | 84,921 | |
| Sunrun, Inc. (a) | 2,374 | 116,326 | |
| 455,727 | |||
| Industrial Conglomerates - 0.1% | |||
| General Electric Co. | 14,706 | 192,943 | |
| Machinery - 0.2% | |||
| Caterpillar, Inc. | 313 | 71,398 | |
| Deere & Co. | 339 | 125,718 | |
| Pentair PLC | 196 | 12,644 | |
| 209,760 | |||
| Professional Services - 0.2% | |||
| KBR, Inc. | 968 | 38,294 | |
| Manpower, Inc. | 110 | 13,298 | |
| Upwork, Inc. (a) | 3,344 | 154,025 | |
| 205,617 | |||
| Road & Rail - 3.8% | |||
| Avis Budget Group, Inc. (a) | 1,414 | 126,709 | |
| Canadian Pacific Railway Ltd. | 437 | 163,085 | |
| Lyft, Inc. (a) | 44,087 | 2,453,882 | |
| TuSimple Holdings, Inc. (a) | 2,400 | 92,232 | |
| Uber Technologies, Inc. (a) | 37,821 | 2,071,456 | |
| 4,907,364 | |||
| TOTAL INDUSTRIALS | 7,708,387 | ||
| INFORMATION TECHNOLOGY - 33.2% | |||
| Communications Equipment - 0.0% | |||
| Cisco Systems, Inc. | 249 | 12,677 | |
| Electronic Equipment & Components - 0.2% | |||
| Hon Hai Precision Industry Co. Ltd. (Foxconn) | 8,382 | 34,794 | |
| II-VI, Inc. (a) | 2,122 | 142,471 | |
| 177,265 | |||
| IT Services - 3.3% | |||
| Afterpay Ltd. (a) | 1,490 | 135,041 | |
| Endava PLC ADR (a) | 414 | 37,484 | |
| MongoDB, Inc. Class A (a) | 446 | 132,667 | |
| PayPal Holdings, Inc. (a) | 6,664 | 1,747,901 | |
| Riskified Ltd. warrants (a)(c)(d) | 5 | 0 | |
| Shopify, Inc. Class A (a) | 526 | 620,895 | |
| Snowflake Computing, Inc. | 288 | 66,698 | |
| Snowflake Computing, Inc. Class B (b) | 47 | 10,885 | |
| Square, Inc. (a) | 3,569 | 873,763 | |
| Squarespace, Inc. Class C (c)(d) | 700 | 47,894 | |
| Twilio, Inc. Class A (a) | 1,560 | 573,768 | |
| 4,246,996 | |||
| Semiconductors & Semiconductor Equipment - 8.9% | |||
| Advanced Micro Devices, Inc. (a) | 3,914 | 319,461 | |
| Ambarella, Inc. (a) | 381 | 37,144 | |
| Applied Materials, Inc. | 352 | 46,714 | |
| ASML Holding NV | 214 | 138,693 | |
| Cirrus Logic, Inc. (a) | 1,186 | 88,250 | |
| Enphase Energy, Inc. (a) | 1,229 | 171,138 | |
| KLA Corp. | 184 | 58,024 | |
| Lam Research Corp. | 255 | 158,215 | |
| Marvell Technology, Inc. | 59,689 | 2,698,540 | |
| MediaTek, Inc. | 1,136 | 48,172 | |
| Micron Technology, Inc. (a) | 8,852 | 761,892 | |
| Monolithic Power Systems, Inc. | 33 | 11,926 | |
| NVIDIA Corp. | 7,603 | 4,564,689 | |
| NXP Semiconductors NV | 8,589 | 1,653,468 | |
| ON Semiconductor Corp. (a) | 3,444 | 134,316 | |
| Silergy Corp. | 125 | 13,084 | |
| SolarEdge Technologies, Inc. (a) | 172 | 45,329 | |
| Synaptics, Inc. (a) | 267 | 37,345 | |
| Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 695 | 81,134 | |
| Teradyne, Inc. | 1,867 | 233,524 | |
| 11,301,058 | |||
| Software - 11.5% | |||
| ACV Auctions, Inc. | 1,350 | 41,298 | |
| ACV Auctions, Inc. Class A (a) | 300 | 10,197 | |
| Adobe, Inc. (a) | 2,531 | 1,286,609 | |
| Atlassian Corp. PLC (a) | 127 | 30,170 | |
| Autodesk, Inc. (a) | 282 | 82,319 | |
| Avalara, Inc. (a) | 228 | 32,310 | |
| BTRS Holdings, Inc. (c) | 1,327 | 20,967 | |
| Cadence Design Systems, Inc. (a) | 896 | 118,066 | |
| Cloudflare, Inc. (a) | 300 | 25,422 | |
| Coupa Software, Inc. (a) | 347 | 93,357 | |
| Crowdstrike Holdings, Inc. (a) | 921 | 192,038 | |
| Digital Turbine, Inc. (a) | 298 | 22,478 | |
| Docebo, Inc. | 96 | 5,080 | |
| DocuSign, Inc. (a) | 705 | 157,173 | |
| DoubleVerify Holdings, Inc. | 3,115 | 98,711 | |
| DoubleVerify Holdings, Inc. (a) | 700 | 24,647 | |
| Elastic NV (a) | 589 | 71,045 | |
| Epic Games, Inc. (c)(d) | 9 | 7,965 | |
| Five9, Inc. (a) | 253 | 47,556 | |
| Freee KK (a) | 97 | 8,236 | |
| HubSpot, Inc. (a) | 633 | 333,243 | |
| Intuit, Inc. | 70 | 28,851 | |
| Lightspeed POS, Inc. (Canada) (a) | 3,982 | 278,058 | |
| Microsoft Corp. | 31,205 | 7,869,277 | |
| Privia Health Group, Inc. (a) | 301 | 10,932 | |
| Qualtrics International, Inc. | 500 | 18,675 | |
| RingCentral, Inc. (a) | 871 | 277,805 | |
| Salesforce.com, Inc. (a) | 8,693 | 2,002,172 | |
| ServiceNow, Inc. (a) | 571 | 289,137 | |
| Sinch AB (a)(b) | 61 | 9,638 | |
| Tanium, Inc. Class B (a)(c)(d) | 131 | 1,444 | |
| Telos Corp. | 905 | 30,028 | |
| Teradata Corp. (a) | 717 | 35,470 | |
| The Trade Desk, Inc. (a) | 373 | 272,033 | |
| UiPath, Inc. | 357 | 23,134 | |
| UiPath, Inc. Class A (a) | 200 | 14,400 | |
| Volue A/S | 5,594 | 32,258 | |
| Workday, Inc. Class A (a) | 1,070 | 264,290 | |
| Zoom Video Communications, Inc. Class A (a) | 1,342 | 428,863 | |
| 14,595,352 | |||
| Technology Hardware, Storage & Peripherals - 9.3% | |||
| Apple, Inc. | 90,241 | 11,863,073 | |
| Dell Technologies, Inc. (a) | 124 | 12,193 | |
| 11,875,266 | |||
| TOTAL INFORMATION TECHNOLOGY | 42,208,614 | ||
| MATERIALS - 1.5% | |||
| Chemicals - 0.8% | |||
| Celanese Corp. Class A | 241 | 37,753 | |
| CF Industries Holdings, Inc. | 605 | 29,421 | |
| Corbion NV | 200 | 11,715 | |
| Corteva, Inc. | 1,894 | 92,351 | |
| Nutrien Ltd. | 6,402 | 353,395 | |
| Olin Corp. | 2,032 | 87,437 | |
| PPG Industries, Inc. | 306 | 52,399 | |
| The Chemours Co. LLC | 7,269 | 219,524 | |
| The Mosaic Co. | 3,217 | 113,174 | |
| Tronox Holdings PLC | 1,248 | 26,458 | |
| Westlake Chemical Corp. | 399 | 37,462 | |
| 1,061,089 | |||
| Construction Materials - 0.1% | |||
| Eagle Materials, Inc. | 367 | 50,697 | |
| Metals & Mining - 0.5% | |||
| Allegheny Technologies, Inc. (a) | 525 | 12,212 | |
| Anglo American PLC (United Kingdom) | 797 | 33,791 | |
| ArcelorMittal SA Class A unit (a) | 4,294 | 125,771 | |
| Cleveland-Cliffs, Inc. | 545 | 9,734 | |
| First Quantum Minerals Ltd. | 3,789 | 87,331 | |
| Freeport-McMoRan, Inc. | 7,622 | 287,426 | |
| Gatos Silver, Inc. | 1,700 | 19,516 | |
| Steel Dynamics, Inc. | 304 | 16,483 | |
| Vale SA sponsored ADR | 3,370 | 67,804 | |
| 660,068 | |||
| Paper & Forest Products - 0.1% | |||
| Louisiana-Pacific Corp. | 895 | 58,963 | |
| West Fraser Timber Co. Ltd. | 712 | 54,972 | |
| 113,935 | |||
| TOTAL MATERIALS | 1,885,789 | ||
| REAL ESTATE - 0.4% | |||
| Equity Real Estate Investment Trusts (REITs) - 0.2% | |||
| Simon Property Group, Inc. | 1,606 | 195,514 | |
| Real Estate Management & Development - 0.2% | |||
| Compass, Inc. (a) | 600 | 11,412 | |
| Compass, Inc. | 286 | 4,896 | |
| Hemnet Group AB (a) | 600 | 11,340 | |
| KE Holdings, Inc. ADR (a) | 317 | 16,500 | |
| Realogy Holdings Corp. (a) | 2,829 | 48,885 | |
| Redfin Corp. (a) | 2,769 | 195,990 | |
| 289,023 | |||
| TOTAL REAL ESTATE | 484,537 | ||
| UTILITIES - 0.1% | |||
| Independent Power and Renewable Electricity Producers - 0.1% | |||
| Brookfield Renewable Corp. | 963 | 39,918 | |
| FTC Solar, Inc. (a) | 1,286 | 17,502 | |
| The AES Corp. | 1,967 | 54,722 | |
| 112,142 | |||
| TOTAL COMMON STOCKS | |||
| (Cost $76,687,606) | 119,343,067 | ||
| Preferred Stocks - 1.0% | |||
| Convertible Preferred Stocks - 0.8% | |||
| COMMUNICATION SERVICES - 0.0% | |||
| Diversified Telecommunication Services - 0.0% | |||
| Starry, Inc.: | |||
| Series C (a)(c)(d) | 3,181 | 5,344 | |
| Series D (a)(c)(d) | 7,310 | 12,281 | |
| Series E3 (c)(d) | 7,755 | 13,028 | |
| 30,653 | |||
| CONSUMER DISCRETIONARY - 0.4% | |||
| Automobiles - 0.2% | |||
| Rad Power Bikes, Inc.: | |||
| Series A (c)(d) | 237 | 1,143 | |
| Series C (c)(d) | 931 | 4,491 | |
| Rivian Automotive, Inc.: | |||
| Series E (c)(d) | 3,444 | 126,911 | |
| Series F (c)(d) | 1,949 | 71,821 | |
| 204,366 | |||
| Internet & Direct Marketing Retail - 0.2% | |||
| GoBrands, Inc. Series G (c)(d) | 400 | 99,887 | |
| Instacart, Inc.: | |||
| Series H (c)(d) | 461 | 57,625 | |
| Series I (c)(d) | 272 | 34,000 | |
| The Honest Co., Inc. Series E (a)(c) | 564 | 7,868 | |
| 199,380 | |||
| Specialty Retail - 0.0% | |||
| Fanatics, Inc.: | |||
| Series E (c)(d) | 1,655 | 57,710 | |
| Series F (c)(d) | 141 | 4,917 | |
| 62,627 | |||
| Textiles, Apparel & Luxury Goods - 0.0% | |||
| Allbirds, Inc.: | |||
| Series A (a)(c)(d) | 85 | 939 | |
| Series B (a)(c)(d) | 15 | 166 | |
| Series C (a)(c)(d) | 140 | 1,547 | |
| Series Seed (a)(c)(d) | 45 | 497 | |
| 3,149 | |||
| TOTAL CONSUMER DISCRETIONARY | 469,522 | ||
| CONSUMER STAPLES - 0.0% | |||
| Food & Staples Retailing - 0.0% | |||
| Blink Health, Inc. Series C (a)(c)(d) | 194 | 6,332 | |
| Sweetgreen, Inc.: | |||
| Series C (a)(c)(d) | 13 | 171 | |
| Series D (a)(c)(d) | 205 | 2,696 | |
| Series H (a)(c)(d) | 1,969 | 25,892 | |
| Series I (a)(c)(d) | 482 | 6,338 | |
| Series J (c)(d) | 672 | 8,837 | |
| 50,266 | |||
| Food Products - 0.0% | |||
| Agbiome LLC Series C (a)(c)(d) | 557 | 3,528 | |
| Tobacco - 0.0% | |||
| JUUL Labs, Inc. Series E (a)(c)(d) | 127 | 7,753 | |
| TOTAL CONSUMER STAPLES | 61,547 | ||
| FINANCIALS - 0.0% | |||
| Diversified Financial Services - 0.0% | |||
| Sonder Holdings, Inc. Series D1 (c)(d) | 528 | 5,685 | |
| HEALTH CARE - 0.0% | |||
| Biotechnology - 0.0% | |||
| 23andMe, Inc. Series F (a)(c) | 339 | 6,890 | |
| INDUSTRIALS - 0.1% | |||
| Aerospace & Defense - 0.1% | |||
| ABL Space Systems Series B (c)(d) | 629 | 28,327 | |
| Space Exploration Technologies Corp. Series N (c)(d) | 126 | 52,919 | |
| 81,246 | |||
| Construction & Engineering - 0.0% | |||
| Beta Technologies, Inc. Series A (c)(d) | 231 | 16,925 | |
| TOTAL INDUSTRIALS | 98,171 | ||
| INFORMATION TECHNOLOGY - 0.2% | |||
| Communications Equipment - 0.0% | |||
| Xsight Labs Ltd. Series D (c)(d) | 2,700 | 21,589 | |
| Electronic Equipment & Components - 0.0% | |||
| Enevate Corp. Series E (c)(d) | 24,030 | 26,642 | |
| IT Services - 0.1% | |||
| ByteDance Ltd. Series E1 (c)(d) | 544 | 59,608 | |
| Riskified Ltd.: | |||
| Series D (c)(d) | 201 | 2,312 | |
| Series E (a)(c)(d) | 625 | 7,188 | |
| Yanka Industries, Inc. Series F (c)(d) | 1,183 | 37,710 | |
| 106,818 | |||
| Semiconductors & Semiconductor Equipment - 0.0% | |||
| Tenstorrent, Inc. Series C1 (c)(d) | 200 | 11,891 | |
| Software - 0.1% | |||
| Bird Rides, Inc. (c)(d) | 7,288 | 36,440 | |
| Bird Rides, Inc.: | |||
| Series C1 (c)(d) | 1,434 | 7,170 | |
| Series D (c)(d) | 200 | 1,000 | |
| Databricks, Inc. Series G (c)(d) | 284 | 50,372 | |
| Nuvia, Inc. Series B (c) | 2,764 | 2,259 | |
| Stripe, Inc. Series H (c)(d) | 200 | 8,025 | |
| 105,266 | |||
| TOTAL INFORMATION TECHNOLOGY | 272,206 | ||
| MATERIALS - 0.1% | |||
| Metals & Mining - 0.1% | |||
| Diamond Foundry, Inc. Series C (c)(d) | 5,192 | 124,608 | |
| TOTAL CONVERTIBLE PREFERRED STOCKS | 1,069,282 | ||
| Nonconvertible Preferred Stocks - 0.2% | |||
| CONSUMER DISCRETIONARY - 0.2% | |||
| Automobiles - 0.1% | |||
| Neutron Holdings, Inc.: | |||
| Series 1C (c)(d) | 26,100 | 386 | |
| Series 1D (c)(d) | 58,561 | 867 | |
| Volkswagen AG | 603 | 157,098 | |
| Waymo LLC Series A2 (c)(d) | 127 | 10,905 | |
| 169,256 | |||
| Specialty Retail - 0.1% | |||
| Cazoo Holdings Ltd.: | |||
| Series A (c) | 18 | 553 | |
| Series B (c) | 313 | 9,621 | |
| Series C (c) | 6 | 184 | |
| Series D (c) | 1,116 | 34,303 | |
| 44,661 | |||
| TOTAL CONSUMER DISCRETIONARY | 213,917 | ||
| TOTAL PREFERRED STOCKS | |||
| (Cost $1,073,274) | 1,283,199 | ||
| Principal Amount | Value | ||
| Corporate Bonds - 0.2% | |||
| Convertible Bonds - 0.0% | |||
| CONSUMER DISCRETIONARY - 0.0% | |||
| Automobiles - 0.0% | |||
| Neutron Holdings, Inc.: | |||
| 4% 5/22/27 (c)(d) | 5,000 | 5,000 | |
| 4% 6/12/27 (c)(d) | 3,170 | 3,170 | |
| 8,170 | |||
| FINANCIALS - 0.0% | |||
| Diversified Financial Services - 0.0% | |||
| Sonder Holdings, Inc. 0% (c)(d)(f) | 9,301 | 9,301 | |
| TOTAL CONVERTIBLE BONDS | 17,471 | ||
| Nonconvertible Bonds - 0.2% | |||
| INDUSTRIALS - 0.2% | |||
| Road & Rail - 0.2% | |||
| Hertz Corp.: | |||
| 5.5% 10/15/24 (b)(g) | 60,000 | 62,478 | |
| 6% 1/15/28 (b)(g) | 60,000 | 65,250 | |
| 6.25% 10/15/22 (g) | 35,000 | 36,750 | |
| 7.125% 8/1/26 (b)(g) | 40,000 | 43,600 | |
| 208,078 | |||
| TOTAL CORPORATE BONDS | |||
| (Cost $206,461) | 225,549 | ||
| Preferred Securities - 0.0% | |||
| INFORMATION TECHNOLOGY - 0.0% | |||
| Electronic Equipment & Components - 0.0% | |||
| Enevate Corp. 0% 1/29/23 (c)(d) | 10,231 | 10,231 | |
| Semiconductors & Semiconductor Equipment - 0.0% | |||
| Tenstorrent, Inc. 0% (c)(d)(f) | 10,000 | 10,000 | |
| TOTAL PREFERRED SECURITIES | |||
| (Cost $20,231) | 20,231 | ||
| Shares | Value | ||
| Money Market Funds - 4.8% | |||
| Fidelity Cash Central Fund 0.04% (h) | 5,779,928 | 5,781,084 | |
| Fidelity Securities Lending Cash Central Fund 0.04% (h)(i) | 356,869 | 356,905 | |
| TOTAL MONEY MARKET FUNDS | |||
| (Cost $6,137,989) | 6,137,989 | ||
| TOTAL INVESTMENT IN SECURITIES - 99.8% | |||
| (Cost $84,125,561) | 127,010,035 | ||
| NET OTHER ASSETS (LIABILITIES) - 0.2%(j) | 221,218 | ||
| NET ASSETS - 100% | $127,231,253 |
| Futures Contracts | |||||
| Number of contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation/(Depreciation) | |
| Purchased | |||||
| Equity Index Contracts | |||||
| CME E-mini NASDAQ 100 Index Contracts (United States) | 11 | June 2021 | $3,047,000 | $203,581 | $203,581 |
The notional amount of futures purchased as a percentage of Net Assets is 2.4%
Legend
(a) Non-income producing
(b) 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 $579,576 or 0.5% of net assets.
(c) Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $1,623,384 or 1.3% of net assets.
(d) Level 3 security
(e) Security or a portion of the security is on loan at period end.
(f) Security is perpetual in nature with no stated maturity date.
(g) Non-income producing - Security is in default.
(h) 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.
(i) Investment made with cash collateral received from securities on loan.
(j) Includes $193,600 of cash collateral to cover margin requirements for futures contracts.
Additional information on each restricted holding is as follows:
| Security | Acquisition Date | Acquisition Cost |
| 23andMe, Inc. Series F | 8/31/17 | $4,707 |
| ABL Space Systems Series B | 3/24/21 | $28,327 |
| Agbiome LLC Series C | 6/29/18 | $3,528 |
| Allbirds, Inc. | 10/9/18 | $2,358 |
| Allbirds, Inc. Series A | 10/9/18 | $932 |
| Allbirds, Inc. Series B | 10/9/18 | $165 |
| Allbirds, Inc. Series C | 10/9/18 | $1,535 |
| Allbirds, Inc. Series Seed | 10/9/18 | $494 |
| Ant International Co. Ltd. Class C | 5/16/18 | $13,745 |
| AppHarvest, Inc. | 1/29/21 | $30,420 |
| Beta Technologies, Inc. Series A | 4/9/21 | $16,925 |
| Bird Rides, Inc. | 2/12/21 - 4/20/21 | $37,501 |
| Bird Rides, Inc. Series C1 | 12/21/18 | $16,843 |
| Bird Rides, Inc. Series D | 9/30/19 | $2,584 |
| Blink Health, Inc. Series A1 | 12/30/20 | $2,682 |
| Blink Health, Inc. Series C | 11/7/19 - 1/21/21 | $7,406 |
| BTRS Holdings, Inc. | 1/12/21 | $13,270 |
| ByteDance Ltd. Series E1 | 11/18/20 | $59,608 |
| Cazoo Holdings Ltd. | 9/30/20 | $7,499 |
| Cazoo Holdings Ltd. Series A | 9/30/20 | $247 |
| Cazoo Holdings Ltd. Series B | 9/30/20 | $4,291 |
| Cazoo Holdings Ltd. Series C | 9/30/20 | $82 |
| Cazoo Holdings Ltd. Series D | 9/30/20 | $15,300 |
| CIIG Merger Corp. | 3/24/21 | $13,590 |
| Databricks, Inc. Series G | 2/1/21 | $50,372 |
| Diamond Foundry, Inc. Series C | 3/15/21 | $124,608 |
| Enevate Corp. Series E | 1/29/21 | $26,642 |
| Enevate Corp. 0% 1/29/23 | 1/29/21 | $10,231 |
| Epic Games, Inc. | 7/30/20 | $5,175 |
| Fanatics, Inc. Series E | 8/13/20 | $28,615 |
| Fanatics, Inc. Series F | 3/22/21 | $4,917 |
| FSN E-Commerce Ventures Pvt Ltd. | 10/7/20 | $82,628 |
| GoBrands, Inc. Series G | 3/2/21 | $99,887 |
| Instacart, Inc. Series H | 11/13/20 | $27,660 |
| Instacart, Inc. Series I | 2/26/21 | $34,000 |
| JUUL Labs, Inc. Class A | 12/20/17 - 7/6/18 | $5,804 |
| JUUL Labs, Inc. Series E | 12/20/17 - 7/6/18 | $3,263 |
| Lordstown Motors Corp. | 10/23/20 | $4,660 |
| MultiPlan Corp. warrants | 10/8/20 | $0 |
| Neutron Holdings, Inc. Series 1C | 7/3/18 | $4,772 |
| Neutron Holdings, Inc. Series 1D | 1/25/19 | $14,201 |
| Neutron Holdings, Inc. 4% 5/22/27 | 6/4/20 | $5,000 |
| Neutron Holdings, Inc. 4% 6/12/27 | 6/12/20 | $3,170 |
| Nuvation Bio, Inc. | 2/10/21 | $19,920 |
| Nuvia, Inc. Series B | 3/16/21 | $2,259 |
| Rad Power Bikes, Inc. | 1/21/21 | $8,755 |
| Rad Power Bikes, Inc. Series A | 1/21/21 | $1,143 |
| Rad Power Bikes, Inc. Series C | 1/21/21 | $4,491 |
| Riskified Ltd. Series D | 11/18/20 | $2,312 |
| Riskified Ltd. Series E | 10/28/19 | $5,947 |
| Riskified Ltd. warrants | 10/28/19 | $0 |
| Rivian Automotive, Inc. Series E | 7/10/20 | $53,348 |
| Rivian Automotive, Inc. Series F | 1/19/21 | $71,821 |
| Sonder Holdings, Inc. Series D1 | 12/20/19 | $5,542 |
| Sonder Holdings, Inc. 0% | 3/18/21 | $9,301 |
| Space Exploration Technologies Corp. Class A | 2/16/21 | $41,999 |
| Space Exploration Technologies Corp. Series N | 8/4/20 | $34,020 |
| Squarespace, Inc. Class C | 3/16/21 | $47,894 |
| Starry, Inc. Series C | 12/8/17 | $2,933 |
| Starry, Inc. Series D | 3/6/19 - 7/30/20 | $10,453 |
| Starry, Inc. Series E3 | 3/31/21 | $13,028 |
| Stripe, Inc. Series H | 3/15/21 | $8,025 |
| Sweetgreen, Inc. warrants 1/21/26 | 1/21/21 | $0 |
| Sweetgreen, Inc. Series C | 9/13/19 | $222 |
| Sweetgreen, Inc. Series D | 9/13/19 | $3,506 |
| Sweetgreen, Inc. Series H | 11/9/18 | $25,676 |
| Sweetgreen, Inc. Series I | 9/13/19 | $8,242 |
| Sweetgreen, Inc. Series J | 1/21/21 | $11,491 |
| Tanium, Inc. Class B | 4/21/17 | $650 |
| Tenstorrent, Inc. Series C1 | 4/23/21 | $11,891 |
| Tenstorrent, Inc. 0% | 4/23/21 | $10,000 |
| The Honest Co., Inc. Series E | 9/28/17 | $5,529 |
| Waymo LLC Series A2 | 5/8/20 | $10,905 |
| Xsight Labs Ltd. Series D | 2/16/21 | $21,589 |
| Yanka Industries, Inc. Series F | 4/8/21 | $37,710 |
| Zomato Pvt Ltd. | 12/9/20 - 2/10/21 | $33,690 |
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 | $1,473 |
| Fidelity Securities Lending Cash Central Fund | 1,057 |
| Total | $2,530 |
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, 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.
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.
Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded 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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