NPORT-EX 2 QTLY_2927_20210430.htm

Quarterly Holdings Report
for

Fidelity Flex® Funds

Fidelity Flex® Large Cap Growth Fund

April 30, 2021







ZLG-QTLY-0621
1.9881572.104





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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