NPORT-EX 2 QTLY_1388_20211031.htm US_QtlyFinancialStatementsCoverMaster
Quarterly Holdings Report
for
Fidelity® Small Cap Growth Fund
October 31, 2021
SCP-NPRT1-1221
1.823237.117
Common Stocks - 97.8%
 
 
Shares
Value ($)
 
COMMUNICATION SERVICES - 2.5%
 
 
 
Media - 1.9%
 
 
 
Integral Ad Science Holding Corp. (a)
 
930,812
22,870,051
TechTarget, Inc. (b)
 
1,134,808
107,023,742
 
 
 
129,893,793
Wireless Telecommunication Services - 0.6%
 
 
 
Gogo, Inc. (b)
 
2,449,198
39,823,959
TOTAL COMMUNICATION SERVICES
 
 
169,717,752
CONSUMER DISCRETIONARY - 16.0%
 
 
 
Hotels, Restaurants & Leisure - 3.6%
 
 
 
Caesars Entertainment, Inc. (b)
 
620,795
67,952,221
Churchill Downs, Inc.
 
233,904
53,797,920
Dutch Bros, Inc.
 
287,800
21,941,872
Everi Holdings, Inc. (b)
 
885,995
21,263,880
Lindblad Expeditions Holdings (b)(c)
 
4,201,213
62,808,134
NeoGames SA
 
271,800
10,097,370
 
 
 
237,861,397
Household Durables - 2.1%
 
 
 
GoPro, Inc. Class A (a)(b)
 
1,642,998
14,146,213
Helen of Troy Ltd. (b)
 
47,502
10,685,575
Lovesac (a)(b)(c)
 
926,832
72,302,164
M/I Homes, Inc. (b)
 
212,633
12,175,366
Sonos, Inc. (b)
 
467,466
15,248,741
Traeger, Inc. (a)(b)
 
752,882
14,221,941
 
 
 
138,780,000
Internet & Direct Marketing Retail - 1.8%
 
 
 
Farfetch Ltd. Class A (b)
 
336,079
13,177,658
Overstock.com, Inc. (b)
 
69,700
6,637,531
Porch Group, Inc. Class A (a)(b)
 
2,242,891
47,167,998
Revolve Group, Inc. (b)
 
288,975
21,684,684
The Original BARK Co. (c)(d)
 
1,195,200
8,796,672
The Original BARK Co.:
 
 
 
 warrants 8/29/25 (b)
 
579,928
933,684
 Class A (a)(b)(c)
 
3,002,595
22,099,099
thredUP, Inc. (a)(b)
 
92,944
2,011,308
 
 
 
122,508,634
Leisure Products - 0.2%
 
 
 
Callaway Golf Co. (a)(b)
 
432,000
11,685,600
Specialty Retail - 4.5%
 
 
 
American Eagle Outfitters, Inc. (a)
 
2,672,325
63,440,996
Dick's Sporting Goods, Inc.
 
192,203
23,873,535
Fanatics, Inc. Class A (d)(e)
 
726,062
34,393,557
Floor & Decor Holdings, Inc. Class A (b)
 
262,217
35,640,535
Lithia Motors, Inc. Class A (sub. vtg.)
 
97,051
30,980,620
Musti Group OYJ
 
403,932
15,866,804
Rent-A-Center, Inc.
 
656,248
34,951,768
Warby Parker, Inc. (a)(b)
 
276,300
14,920,200
Williams-Sonoma, Inc.
 
243,595
45,242,899
 
 
 
299,310,914
Textiles, Apparel & Luxury Goods - 3.8%
 
 
 
Algolia, Inc. (d)(e)
 
234,640
6,862,059
Crocs, Inc. (b)
 
1,059,490
171,054,659
Deckers Outdoor Corp. (b)
 
113,818
44,993,394
Tapestry, Inc.
 
720,842
28,098,421
 
 
 
251,008,533
TOTAL CONSUMER DISCRETIONARY
 
 
1,061,155,078
CONSUMER STAPLES - 2.5%
 
 
 
Food & Staples Retailing - 1.5%
 
 
 
BJ's Wholesale Club Holdings, Inc. (b)
 
1,715,685
100,264,631
Food Products - 0.5%
 
 
 
Darling Ingredients, Inc. (b)
 
363,856
30,753,109
Personal Products - 0.5%
 
 
 
The Beauty Health Co. (a)(b)
 
1,352,689
37,158,367
TOTAL CONSUMER STAPLES
 
 
168,176,107
ENERGY - 2.1%
 
 
 
Energy Equipment & Services - 0.1%
 
 
 
Fluence Energy, Inc.
 
114,756
4,081,871
Oil, Gas & Consumable Fuels - 2.0%
 
 
 
Antero Resources Corp. (b)
 
2,611,455
51,889,611
Enviva Partners LP
 
698,084
46,743,705
Genesis Energy LP
 
1,110,783
12,107,535
Range Resources Corp. (b)
 
1,074,781
25,063,893
 
 
 
135,804,744
TOTAL ENERGY
 
 
139,886,615
FINANCIALS - 6.2%
 
 
 
Banks - 1.3%
 
 
 
Glacier Bancorp, Inc.
 
364,853
20,172,722
Hilltop Holdings, Inc.
 
20
709
PacWest Bancorp
 
314,158
14,913,080
Signature Bank
 
79,445
23,660,310
Silvergate Capital Corp. (b)
 
153,667
24,067,326
Starling Bank Ltd. Series D (b)(d)(e)
 
1,746,100
3,093,011
 
 
 
85,907,158
Capital Markets - 2.5%
 
 
 
Impax Asset Management Group PLC
 
643,530
9,652,505
Lazard Ltd. Class A
 
459,819
22,526,533
LPL Financial
 
171,309
28,098,102
Morningstar, Inc.
 
105,761
33,499,797
Perella Weinberg Partners (d)
 
2,039,500
28,634,580
StepStone Group, Inc. Class A
 
967,326
45,444,975
 
 
 
167,856,492
Consumer Finance - 0.3%
 
 
 
OneMain Holdings, Inc.
 
349,478
18,455,933
Insurance - 1.9%
 
 
 
American Financial Group, Inc.
 
305,862
41,609,466
Assurant, Inc.
 
263,136
42,446,468
BRP Group, Inc. (a)(b)
 
1,128,137
41,177,001
HCI Group, Inc.
 
27,163
3,640,114
 
 
 
128,873,049
Thrifts & Mortgage Finance - 0.2%
 
 
 
Meta Financial Group, Inc.
 
239,974
13,304,159
TOTAL FINANCIALS
 
 
414,396,791
HEALTH CARE - 27.5%
 
 
 
Biotechnology - 12.2%
 
 
 
4D Molecular Therapeutics, Inc. (a)
 
307,190
7,381,776
ADC Therapeutics SA (b)
 
214,727
6,224,936
Agios Pharmaceuticals, Inc. (b)
 
356,536
16,757,192
Allakos, Inc. (b)
 
296,557
29,827,703
Allovir, Inc. (a)(b)
 
615,152
14,769,800
ALX Oncology Holdings, Inc. (a)(b)
 
276,777
15,510,583
Ambrx Biopharma, Inc. ADR
 
74,301
936,193
Annexon, Inc. (a)(b)
 
258,231
4,211,748
Argenx SE ADR (b)
 
90,882
27,442,729
Ascendis Pharma A/S sponsored ADR (b)
 
228,796
34,687,762
Avid Bioservices, Inc. (b)
 
698,199
21,420,745
Bicycle Therapeutics PLC ADR (b)
 
173,400
8,912,760
Biohaven Pharmaceutical Holding Co. Ltd. (b)
 
118,042
16,799,737
Bolt Biotherapeutics, Inc.
 
517,896
6,779,259
Celldex Therapeutics, Inc. (b)
 
548,666
23,340,252
Century Therapeutics, Inc. (a)
 
437,714
9,835,434
Cytokinetics, Inc. (b)
 
1,039,908
36,303,188
Erasca, Inc.
 
655,323
12,962,289
Exelixis, Inc. (b)
 
679,903
14,624,714
Forma Therapeutics Holdings, Inc. (b)
 
447,076
8,297,731
Graphite Bio, Inc.
 
455,990
5,809,313
Gritstone Bio, Inc. (b)
 
576,828
6,339,340
Halozyme Therapeutics, Inc. (b)
 
354,301
13,488,239
Immunocore Holdings PLC ADR
 
323,189
12,449,240
ImmunoGen, Inc. (b)
 
1,298,111
7,827,609
Instil Bio, Inc. (f)
 
1,253,977
25,543,511
Instil Bio, Inc. (b)
 
192,488
3,920,981
Janux Therapeutics, Inc. (a)
 
345,238
8,406,545
Keros Therapeutics, Inc. (b)
 
268,993
11,222,388
Kura Oncology, Inc. (b)
 
734,846
12,066,171
Kymera Therapeutics, Inc. (b)
 
292,961
17,249,544
Monte Rosa Therapeutics, Inc. (a)
 
506,318
11,873,157
Morphic Holding, Inc. (b)
 
371,306
21,350,095
Natera, Inc. (b)
 
218,135
24,991,727
Nuvalent, Inc.
 
548,468
12,729,120
Passage Bio, Inc. (a)(b)
 
634,915
5,536,459
Prelude Therapeutics, Inc. (a)(b)
 
697,681
12,265,232
ProQR Therapeutics BV (a)(b)(c)
 
3,551,345
27,416,383
Protagonist Therapeutics, Inc. (b)
 
746,094
23,248,289
PTC Therapeutics, Inc. (b)
 
431,687
16,373,888
Relay Therapeutics, Inc. (a)(b)
 
1,092,948
36,340,521
Repare Therapeutics, Inc. (a)(b)
 
505,303
12,637,628
Revolution Medicines, Inc. (a)(b)
 
486,932
14,330,409
Shattuck Labs, Inc.
 
90,079
1,738,525
Stoke Therapeutics, Inc. (b)
 
122,900
2,805,807
Tango Therapeutics, Inc. (d)
 
499,400
6,412,296
Taysha Gene Therapies, Inc. (b)
 
89,608
1,401,469
Tenaya Therapeutics, Inc. (b)
 
817,506
21,018,079
TG Therapeutics, Inc. (b)
 
1,035,509
32,328,591
Tyra Biosciences, Inc.
 
704,408
15,771,695
United Therapeutics Corp. (b)
 
139,320
26,576,683
Vericel Corp. (a)(b)
 
299,199
13,769,138
Verve Therapeutics, Inc. (a)
 
316,696
14,691,527
Xenon Pharmaceuticals, Inc. (b)
 
354,074
11,029,405
 
 
 
807,985,535
Health Care Equipment & Supplies - 5.4%
 
 
 
Axonics Modulation Technologies, Inc. (a)(b)
 
459,298
33,689,508
CryoPort, Inc. (a)(b)
 
264,686
21,582,496
Envista Holdings Corp. (b)
 
847,002
33,117,778
Figs, Inc. Class A (a)(b)
 
340,000
11,427,400
Globus Medical, Inc. (b)
 
253,561
19,567,302
Inogen, Inc. (b)
 
219,986
8,722,445
Insulet Corp. (b)
 
298,106
92,418,822
Integer Holdings Corp. (b)
 
315,299
28,383,216
Minerva Surgical, Inc.
 
831,607
7,783,842
Neuronetics, Inc. (a)(b)
 
937,744
4,876,269
NeuroPace, Inc. (a)(b)
 
892,705
13,533,408
OrthoPediatrics Corp. (a)(b)
 
318,143
22,642,237
PAVmed, Inc. (a)(b)
 
1,183,822
6,428,153
Pulmonx Corp. (a)
 
370,494
14,423,331
TransMedics Group, Inc. (b)
 
561,520
15,402,494
ViewRay, Inc. (a)(b)
 
3,321,961
24,283,535
 
 
 
358,282,236
Health Care Providers & Services - 3.9%
 
 
 
Acadia Healthcare Co., Inc. (b)
 
678,288
42,053,856
Accolade, Inc. (b)
 
147,751
5,879,012
agilon health, Inc. (b)
 
570,500
13,977,250
Guardant Health, Inc. (b)
 
49,200
5,746,068
LifeStance Health Group, Inc.
 
787,139
9,429,925
Molina Healthcare, Inc. (b)
 
126,254
37,335,833
Oak Street Health, Inc. (b)
 
240,977
11,381,344
Option Care Health, Inc. (b)
 
1,390,404
37,999,741
R1 RCM, Inc. (b)
 
2,106,030
45,700,851
Signify Health, Inc. (a)
 
523,136
8,406,796
Surgery Partners, Inc. (b)
 
531,781
21,877,470
The Joint Corp. (b)
 
178,795
15,640,987
 
 
 
255,429,133
Health Care Technology - 2.2%
 
 
 
Certara, Inc.
 
646,378
26,701,875
Definitive Healthcare Corp.
 
49,155
1,973,082
Evolent Health, Inc. (b)
 
606,902
17,764,022
Health Catalyst, Inc. (b)
 
449,601
23,666,997
Inspire Medical Systems, Inc. (b)
 
109,716
29,577,239
OptimizeRx Corp. (a)(b)
 
113,300
10,956,110
Phreesia, Inc. (b)
 
348,517
24,584,389
Schrodinger, Inc. (b)
 
223,274
12,186,295
 
 
 
147,410,009
Life Sciences Tools & Services - 2.9%
 
 
 
10X Genomics, Inc. (b)
 
200,524
32,338,505
Absci Corp.
 
446,669
6,552,634
Absci Corp.
 
145,599
2,029,140
Charles River Laboratories International, Inc. (b)
 
63,745
28,601,107
Maravai LifeSciences Holdings, Inc.
 
515,011
21,779,815
Nanostring Technologies, Inc. (b)
 
423,103
20,435,875
Olink Holding AB ADR (a)(b)
 
881,062
28,334,954
Syneos Health, Inc. (b)
 
571,586
53,351,837
Veterinary Emergency Group LLC Class A (d)(e)(g)
 
25,500
819,677
 
 
 
194,243,544
Pharmaceuticals - 0.9%
 
 
 
Arvinas Holding Co. LLC (b)
 
148,002
12,814,013
Cyteir Therapeutics, Inc.
 
344,838
6,176,049
Edgewise Therapeutics, Inc. (b)
 
636,088
10,495,452
Fulcrum Therapeutics, Inc. (b)
 
121,002
2,678,984
Ikena Oncology, Inc. (f)
 
509,561
5,477,781
Ikena Oncology, Inc. (b)
 
192,541
2,069,816
NGM Biopharmaceuticals, Inc. (b)
 
268,800
4,964,736
Ocular Therapeutix, Inc. (b)
 
854,856
5,676,244
Pharvaris BV
 
577,045
10,236,778
Theseus Pharmaceuticals, Inc.
 
114,500
1,960,240
 
 
 
62,550,093
TOTAL HEALTH CARE
 
 
1,825,900,550
INDUSTRIALS - 14.0%
 
 
 
Aerospace & Defense - 0.5%
 
 
 
BWX Technologies, Inc.
 
577,377
32,760,371
Air Freight & Logistics - 0.4%
 
 
 
Hub Group, Inc. Class A (b)
 
359,219
28,223,837
Building Products - 3.0%
 
 
 
Builders FirstSource, Inc. (b)
 
1,473,413
85,855,776
Resideo Technologies, Inc. (b)
 
776,102
19,138,675
Simpson Manufacturing Co. Ltd.
 
243,102
25,790,691
The AZEK Co., Inc. (b)
 
1,001,951
36,761,582
UFP Industries, Inc.
 
352,838
28,872,734
 
 
 
196,419,458
Commercial Services & Supplies - 0.3%
 
 
 
Driven Brands Holdings, Inc.
 
519,105
16,855,339
Construction & Engineering - 1.0%
 
 
 
Quanta Services, Inc.
 
115,667
14,028,094
Willscot Mobile Mini Holdings (b)
 
1,585,612
55,100,017
 
 
 
69,128,111
Electrical Equipment - 1.9%
 
 
 
Acuity Brands, Inc.
 
112,589
23,129,158
nVent Electric PLC
 
268,416
9,515,347
Regal Rexnord Corp.
 
176,425
26,874,820
Sensata Technologies, Inc. PLC (b)
 
451,612
24,883,821
Shoals Technologies Group, Inc. (a)
 
592,798
18,370,810
Sunrun, Inc. (b)
 
410,909
23,701,231
 
 
 
126,475,187
Machinery - 1.8%
 
 
 
Chart Industries, Inc. (a)(b)
 
117,004
20,770,550
Crane Co.
 
506,611
52,322,784
ITT, Inc.
 
312,887
29,433,280
Kornit Digital Ltd. (b)
 
88,228
14,758,780
 
 
 
117,285,394
Professional Services - 3.9%
 
 
 
Alight, Inc. Class A (b)
 
3,307,100
35,981,248
ASGN, Inc. (b)
 
385,955
46,183,375
CACI International, Inc. Class A (b)
 
138,454
39,824,909
First Advantage Corp.
 
355,658
6,650,805
KBR, Inc.
 
1,883,844
79,950,339
Korn Ferry
 
388,351
29,984,581
Sterling Check Corp.
 
239,900
5,145,855
TriNet Group, Inc. (b)
 
156,890
15,885,113
 
 
 
259,606,225
Trading Companies & Distributors - 1.2%
 
 
 
Applied Industrial Technologies, Inc.
 
295,652
28,820,157
Beacon Roofing Supply, Inc. (b)
 
578,075
30,562,825
Custom Truck One Source, Inc. Class A (a)(b)
 
2,456,470
22,231,054
 
 
 
81,614,036
TOTAL INDUSTRIALS
 
 
928,367,958
INFORMATION TECHNOLOGY - 20.5%
 
 
 
Communications Equipment - 0.1%
 
 
 
Calix, Inc. (b)
 
100,310
6,278,403
Electronic Equipment & Components - 0.7%
 
 
 
Fabrinet (b)
 
310,693
29,826,528
TD SYNNEX Corp.
 
179,277
18,824,085
 
 
 
48,650,613
IT Services - 3.4%
 
 
 
Concentrix Corp.
 
216,100
38,396,648
Digitalocean Holdings, Inc. (b)
 
302,395
29,510,728
Dlocal Ltd. (a)
 
434,718
21,088,170
Flywire Corp. (a)(b)
 
208,382
9,885,642
Genpact Ltd.
 
907,685
44,794,255
Nuvei Corp. (b)(f)
 
225,309
27,078,588
Perficient, Inc. (b)
 
202,629
25,044,944
Thoughtworks Holding, Inc.
 
485,500
14,026,095
Verra Mobility Corp. (b)
 
1,250,096
18,601,428
 
 
 
228,426,498
Semiconductors & Semiconductor Equipment - 4.2%
 
 
 
AEHR Test Systems (b)
 
383,200
8,667,984
Ambarella, Inc. (b)
 
165,600
30,773,448
Cirrus Logic, Inc. (b)
 
327,976
26,503,741
eMemory Technology, Inc.
 
278,000
22,962,830
Nova Ltd. (b)
 
205,374
22,307,724
Semtech Corp. (b)
 
673,370
57,256,651
SiTime Corp. (b)
 
413,015
109,403,543
 
 
 
277,875,921
Software - 11.5%
 
 
 
Alkami Technology, Inc. (b)
 
896,332
26,889,960
Amplitude, Inc. (b)
 
357,714
26,574,573
AvidXchange Holdings, Inc.
 
529,600
11,773,008
Blend Labs, Inc.
 
820,670
11,899,715
CCC Intelligent Solutions Holdings, Inc. (d)
 
48,511
581,162
Couchbase, Inc. (a)
 
51,665
2,083,133
CyberArk Software Ltd. (a)(b)
 
333,388
60,046,513
DoubleVerify Holdings, Inc. (f)
 
291,700
11,530,901
DoubleVerify Holdings, Inc. (b)
 
282,756
11,177,345
Dynatrace, Inc. (b)
 
622,755
46,706,625
Elastic NV (b)
 
326,784
56,700,292
Fortnox AB
 
132,722
9,396,248
Latch, Inc. (a)(b)
 
656,321
5,834,694
Lightspeed Commerce, Inc. (Canada) (b)
 
333,885
32,544,075
Matterport, Inc. (b)
 
298,800
6,708,060
Matterport, Inc. (d)
 
56,700
1,272,915
Monday.com Ltd. (a)
 
63,381
23,566,957
Rapid7, Inc. (b)
 
610,741
78,632,904
SentinelOne, Inc.
 
303,770
20,170,328
Similarweb Ltd. (a)(b)
 
1,046,666
20,137,854
Sprout Social, Inc. (b)
 
454,164
57,987,660
Stronghold Digital Mining, Inc. Class A
 
225,500
6,192,230
TECSYS, Inc.
 
693,135
31,357,974
Telos Corp. (a)
 
1,342,699
34,789,331
Tenable Holdings, Inc. (b)
 
1,377,407
73,346,923
Upsales Technology AB (b)
 
286,139
2,798,751
WalkMe Ltd.
 
883,834
22,414,030
Workiva, Inc. (b)
 
240,669
35,992,049
Xperi Holding Corp.
 
319,067
5,717,681
Yext, Inc. (b)
 
2,397,264
30,181,554
 
 
 
765,005,445
Technology Hardware, Storage & Peripherals - 0.6%
 
 
 
Avid Technology, Inc. (b)
 
488,346
13,986,229
Seagate Technology Holdings PLC
 
279,834
24,924,814
 
 
 
38,911,043
TOTAL INFORMATION TECHNOLOGY
 
 
1,365,147,923
MATERIALS - 3.7%
 
 
 
Chemicals - 2.0%
 
 
 
Element Solutions, Inc.
 
1,424,285
32,345,512
The Chemours Co. LLC
 
831,958
23,311,463
Trinseo PLC
 
197,869
11,092,536
Valvoline, Inc.
 
1,880,828
63,872,919
 
 
 
130,622,430
Construction Materials - 0.4%
 
 
 
Eagle Materials, Inc.
 
170,426
25,284,401
Containers & Packaging - 0.7%
 
 
 
Ardagh Metal Packaging SA (d)
 
1,634,000
16,094,900
Avery Dennison Corp.
 
127,563
27,773,016
 
 
 
43,867,916
Metals & Mining - 0.6%
 
 
 
Iluka Resources Ltd.
 
3,065,697
21,678,003
Lynas Rare Earths Ltd. (b)
 
3,953,440
21,799,238
 
 
 
43,477,241
TOTAL MATERIALS
 
 
243,251,988
REAL ESTATE - 1.9%
 
 
 
Equity Real Estate Investment Trusts (REITs) - 0.7%
 
 
 
Rexford Industrial Realty, Inc.
 
317,076
21,307,507
Terreno Realty Corp.
 
332,056
24,283,255
 
 
 
45,590,762
Real Estate Management & Development - 1.2%
 
 
 
Compass, Inc. (b)
 
3,107,514
40,708,433
Jones Lang LaSalle, Inc. (b)
 
147,378
38,057,421
 
 
 
78,765,854
TOTAL REAL ESTATE
 
 
124,356,616
UTILITIES - 0.9%
 
 
 
Independent Power and Renewable Electricity Producers - 0.9%
 
 
 
NextEra Energy Partners LP
 
290,711
25,088,359
Sunnova Energy International, Inc. (a)(b)
 
811,792
36,173,452
 
 
 
61,261,811
 
TOTAL COMMON STOCKS
 (Cost $4,784,710,688)
 
 
 
6,501,619,189
 
 
 
 
Convertible Preferred Stocks - 2.0%
 
 
Shares
Value ($)
 
CONSUMER DISCRETIONARY - 0.3%
 
 
 
Internet & Direct Marketing Retail - 0.3%
 
 
 
Reddit, Inc. Series F (d)(e)
 
253,500
15,664,880
Textiles, Apparel & Luxury Goods - 0.0%
 
 
 
Algolia SAS Series D (d)(e)
 
53,800
1,573,384
TOTAL CONSUMER DISCRETIONARY
 
 
17,238,264
HEALTH CARE - 0.5%
 
 
 
Biotechnology - 0.4%
 
 
 
Bright Peak Therapeutics AG Series B (d)(e)
 
1,079,522
4,216,613
Caris Life Sciences, Inc. Series D (d)(e)
 
780,603
6,322,884
Sonoma Biotherapeutics, Inc.:
 
 
 
 Series B (d)(e)
 
2,370,360
5,499,235
 Series B1 (d)(e)
 
1,264,171
2,932,877
T-Knife Therapeutics, Inc. Series B (d)(e)
 
1,097,257
6,329,856
Treeline Biosciences Series A (d)(e)
 
115,000
900,163
 
 
 
26,201,628
Health Care Providers & Services - 0.1%
 
 
 
Boundless Bio, Inc. Series B (d)(e)
 
3,017,761
4,073,977
Health Care Technology - 0.0%
 
 
 
Wugen, Inc. Series B (d)(e)
 
326,496
2,531,944
TOTAL HEALTH CARE
 
 
32,807,549
INDUSTRIALS - 0.5%
 
 
 
Construction & Engineering - 0.3%
 
 
 
Beta Technologies, Inc. Series A (d)(e)
 
278,129
20,378,512
Road & Rail - 0.2%
 
 
 
Convoy, Inc. Series D (b)(d)(e)
 
913,444
15,601,624
TOTAL INDUSTRIALS
 
 
35,980,136
INFORMATION TECHNOLOGY - 0.7%
 
 
 
Communications Equipment - 0.2%
 
 
 
Astranis Space Technologies Corp. Series C (d)(e)
 
557,717
14,205,052
IT Services - 0.5%
 
 
 
Yanka Industries, Inc.:
 
 
 
 Series E (b)(d)(e)
 
869,641
27,721,372
 Series F (d)(e)
 
127,716
4,071,177
 
 
 
31,792,549
Software - 0.0%
 
 
 
Skyryse, Inc. Series B (d)(e)
 
62,100
1,532,626
TOTAL INFORMATION TECHNOLOGY
 
 
47,530,227
 
TOTAL CONVERTIBLE PREFERRED STOCKS
 (Cost $111,126,468)
 
 
 
133,556,176
 
 
 
 
Convertible Bonds - 0.0%
 
 
Principal
Amount (h)
 
Value ($)
 
CONSUMER STAPLES - 0.0%
 
 
 
Food & Staples Retailing - 0.0%
 
 
 
The Real Good Food Co. LLC 1% (d)(i)
 
  (Cost $2,390,000)
 
 
2,390,000
2,390,000
 
 
 
 
Money Market Funds - 6.6%
 
 
Shares
Value ($)
 
Fidelity Cash Central Fund 0.06% (j)
 
17,984,316
17,987,913
Fidelity Securities Lending Cash Central Fund 0.06% (j)(k)
 
416,833,541
416,875,224
 
TOTAL MONEY MARKET FUNDS
 (Cost $434,863,137)
 
 
434,863,137
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 106.4%
 (Cost $5,333,090,293)
 
 
 
7,072,428,502
NET OTHER ASSETS (LIABILITIES) - (6.4)%  
(424,068,152)
NET ASSETS - 100.0%
6,648,360,350
 
 
Legend
 
(a)
Security or a portion of the security is on loan at period end.
 
(b)
Non-income producing
 
(c)
Affiliated company
 
(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 $242,907,005 or 3.7% of net assets.
 
(e)
Level 3 security
 
(f)
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 $69,630,781 or 1.0% of net assets.
 
(g)
Investment is owned by a wholly-owned subsidiary (Subsidiary) that is treated as a corporation for U.S. tax purposes.
 
(h)
Amount is stated in United States dollars unless otherwise noted.
 
(i)
Security is perpetual in nature with no stated maturity date.
 
(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 ($)
 
Algolia SAS Series D
7/23/21
1,573,384
Algolia, Inc.
10/27/21
6,862,059
Ardagh Metal Packaging SA
2/22/21
16,340,000
Astranis Space Technologies Corp. Series C
3/19/21
12,225,675
Beta Technologies, Inc. Series A
4/09/21
20,378,512
Boundless Bio, Inc. Series B
4/23/21
4,073,977
Bright Peak Therapeutics AG Series B
5/14/21
4,216,613
Caris Life Sciences, Inc. Series D
5/11/21
6,322,884
CCC Intelligent Solutions Holdings, Inc.
2/02/21
485,110
Convoy, Inc. Series D
10/30/19
12,368,032
Fanatics, Inc. Class A
8/13/20 - 3/22/21
12,874,623
Matterport, Inc.
2/08/21
567,000
Perella Weinberg Partners
12/29/20
20,395,000
Reddit, Inc. Series F
8/11/21
15,664,880
Skyryse, Inc. Series B
10/21/21
1,532,626
Sonoma Biotherapeutics, Inc. Series B
7/26/21
4,684,542
Sonoma Biotherapeutics, Inc. Series B1
7/26/21
3,747,635
Starling Bank Ltd. Series D
6/18/21
3,121,827
T-Knife Therapeutics, Inc. Series B
6/30/21
6,329,856
Tango Therapeutics, Inc.
4/13/21
4,994,000
The Original BARK Co.
12/17/20
11,952,000
The Real Good Food Co. LLC 1%
5/07/21
2,390,000
Treeline Biosciences Series A
7/30/21
900,163
Veterinary Emergency Group LLC Class A
9/16/21
819,677
Wugen, Inc. Series B
7/09/21
2,531,944
Yanka Industries, Inc. Series E
5/15/20
10,504,568
Yanka Industries, Inc. Series F
4/08/21
4,071,177
 
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
 
Affiliate
Value,
beginning
of period ($)
Purchases ($)
Sales
Proceeds ($)
Dividend
Income ($)
Realized
Gain (loss) ($)
Change in
Unrealized
appreciation
(depreciation) ($)
Value,
end
of period ($)
%ownership,
end
of period
Fidelity Cash Central Fund 0.06%
26,240,913
614,532,561
622,785,561
3,990
-
-
17,987,913
0.0%
Fidelity Securities Lending Cash Central Fund 0.06%
318,547,474
515,154,618
416,826,868
737,546
-
-
416,875,224
1.1%
Total
344,788,387
1,129,687,179
1,039,612,429
741,536
-
-
434,863,137
 
 
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
Value,
beginning
of period ($)
Purchases ($)
Sales
Proceeds ($)
Dividend
Income ($)
Realized
Gain (loss) ($)
Change in
Unrealized
appreciation
(depreciation) ($)
Value,
end
of period ($)
Lindblad Expeditions Holdings
57,591,585
-
75,911
-
33,887
5,258,573
62,808,134
Lovesac
56,334,031
-
83,694
-
22,929
16,028,898
72,302,164
ProQR Therapeutics BV
18,598,393
-
38,976
-
9,174
8,847,792
27,416,383
The Original BARK Co.
9,621,360
-
-
-
-
(824,688)
8,796,672
The Original BARK Co. Class A
14,024,018
10,879,920
32,916
-
4,560
(2,776,483)
22,099,099
The Original BARK Co. warrants 8/29/25
1,184,462
-
1,397
-
(633)
(248,748)
-
Total
157,353,849
10,879,920
232,894
-
69,917
26,285,344
193,422,452
 
 
 
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 inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
 
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)
 
Valuation techniques used to value 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 any 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, and 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. Convertible Bonds are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
 
Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
 
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure 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.
 
Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.