NPORT-EX 2 QTLY_1271_20220430.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Blue Chip Value Fund
April 30, 2022
BCV-NPRT3-0622
1.800334.118
Common Stocks - 93.0%
 
 
Shares
Value ($)
 
COMMUNICATION SERVICES - 10.2%
 
 
 
Diversified Telecommunication Services - 2.5%
 
 
 
Verizon Communications, Inc.
 
335,800
15,547,540
Entertainment - 1.5%
 
 
 
Activision Blizzard, Inc.
 
123,200
9,313,920
Interactive Media & Services - 2.2%
 
 
 
Alphabet, Inc. Class A (a)
 
6,200
14,149,578
Media - 4.0%
 
 
 
Comcast Corp. Class A
 
581,200
23,108,512
Interpublic Group of Companies, Inc.
 
66,500
2,169,230
 
 
 
25,277,742
TOTAL COMMUNICATION SERVICES
 
 
64,288,780
CONSUMER DISCRETIONARY - 2.6%
 
 
 
Diversified Consumer Services - 1.0%
 
 
 
H&R Block, Inc.
 
235,300
6,134,271
Specialty Retail - 1.6%
 
 
 
Ross Stores, Inc.
 
101,800
10,156,586
TOTAL CONSUMER DISCRETIONARY
 
 
16,290,857
CONSUMER STAPLES - 8.7%
 
 
 
Food Products - 2.2%
 
 
 
Mondelez International, Inc.
 
211,100
13,611,728
Household Products - 6.5%
 
 
 
Procter & Gamble Co.
 
74,500
11,960,975
Reckitt Benckiser Group PLC
 
162,400
12,664,862
Spectrum Brands Holdings, Inc.
 
87,200
7,418,104
The Clorox Co.
 
62,500
8,966,875
 
 
 
41,010,816
TOTAL CONSUMER STAPLES
 
 
54,622,544
ENERGY - 6.3%
 
 
 
Oil, Gas & Consumable Fuels - 6.3%
 
 
 
Exxon Mobil Corp.
 
387,100
33,000,275
Parex Resources, Inc.
 
343,200
6,689,548
 
 
 
39,689,823
FINANCIALS - 18.6%
 
 
 
Banks - 7.6%
 
 
 
Bank of America Corp.
 
437,000
15,592,160
JPMorgan Chase & Co.
 
101,700
12,138,912
M&T Bank Corp.
 
68,000
11,331,520
PNC Financial Services Group, Inc.
 
53,600
8,902,960
 
 
 
47,965,552
Diversified Financial Services - 4.8%
 
 
 
Berkshire Hathaway, Inc. Class B (a)
 
94,100
30,378,303
Insurance - 6.2%
 
 
 
Chubb Ltd.
 
75,600
15,607,620
The Travelers Companies, Inc.
 
69,000
11,803,140
Willis Towers Watson PLC
 
53,300
11,452,038
 
 
 
38,862,798
TOTAL FINANCIALS
 
 
117,206,653
HEALTH CARE - 21.9%
 
 
 
Biotechnology - 1.1%
 
 
 
Regeneron Pharmaceuticals, Inc. (a)
 
10,500
6,920,655
Health Care Providers & Services - 15.5%
 
 
 
Anthem, Inc.
 
31,400
15,760,602
Centene Corp. (a)
 
319,200
25,711,560
Cigna Corp.
 
107,900
26,627,562
Humana, Inc.
 
25,100
11,158,456
UnitedHealth Group, Inc.
 
36,700
18,663,785
 
 
 
97,921,965
Pharmaceuticals - 5.3%
 
 
 
AstraZeneca PLC sponsored ADR
 
175,467
11,651,009
Roche Holding AG (participation certificate)
 
28,260
10,479,205
Sanofi SA sponsored ADR
 
211,100
11,029,975
 
 
 
33,160,189
TOTAL HEALTH CARE
 
 
138,002,809
INDUSTRIALS - 6.2%
 
 
 
Aerospace & Defense - 1.9%
 
 
 
Northrop Grumman Corp.
 
27,400
12,039,560
Air Freight & Logistics - 1.1%
 
 
 
Deutsche Post AG
 
159,400
6,809,965
Electrical Equipment - 1.4%
 
 
 
Regal Rexnord Corp.
 
67,000
8,525,080
Industrial Conglomerates - 0.8%
 
 
 
Siemens AG
 
42,900
5,274,769
Machinery - 1.0%
 
 
 
Oshkosh Corp.
 
67,600
6,248,944
TOTAL INDUSTRIALS
 
 
38,898,318
INFORMATION TECHNOLOGY - 4.4%
 
 
 
IT Services - 3.1%
 
 
 
Amdocs Ltd.
 
119,500
9,522,955
Cognizant Technology Solutions Corp. Class A
 
126,600
10,241,940
 
 
 
19,764,895
Software - 1.3%
 
 
 
NortonLifeLock, Inc.
 
322,400
8,072,896
TOTAL INFORMATION TECHNOLOGY
 
 
27,837,791
MATERIALS - 2.6%
 
 
 
Chemicals - 1.1%
 
 
 
DuPont de Nemours, Inc.
 
105,000
6,922,650
Metals & Mining - 1.5%
 
 
 
Lundin Mining Corp.
 
1,059,100
9,670,527
TOTAL MATERIALS
 
 
16,593,177
REAL ESTATE - 0.5%
 
 
 
Equity Real Estate Investment Trusts (REITs) - 0.5%
 
 
 
American Tower Corp.
 
11,900
2,868,138
UTILITIES - 11.0%
 
 
 
Electric Utilities - 11.0%
 
 
 
Constellation Energy Corp.
 
231,433
13,703,148
Evergy, Inc.
 
109,900
7,456,715
Exelon Corp.
 
254,500
11,905,510
PG&E Corp. (a)
 
1,311,900
16,595,535
PPL Corp.
 
208,100
5,891,311
Southern Co.
 
183,800
13,489,082
 
 
 
69,041,301
 
TOTAL COMMON STOCKS
 (Cost $491,095,108)
 
 
 
585,340,191
 
 
 
 
Nonconvertible Preferred Stocks - 3.0%
 
 
Shares
Value ($)
 
INFORMATION TECHNOLOGY - 3.0%
 
 
 
Technology Hardware, Storage & Peripherals - 3.0%
 
 
 
Samsung Electronics Co. Ltd.
 
  (Cost $18,151,092)
 
 
399,600
18,635,072
 
 
 
 
Money Market Funds - 3.7%
 
 
Shares
Value ($)
 
Fidelity Cash Central Fund 0.32% (b)
 
 (Cost $23,234,746)
 
 
23,230,100
23,234,746
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 99.7%
 (Cost $532,480,946)
 
 
 
627,210,009
NET OTHER ASSETS (LIABILITIES) - 0.3%  
2,120,557
NET ASSETS - 100.0%
629,330,566
 
 
Legend
 
(a)
Non-income producing
 
(b)
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.
 
 
 
 
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 0.32%
16,453,065
122,143,538
115,361,857
12,112
-
-
23,234,746
0.0%
Fidelity Securities Lending Cash Central Fund 0.32%
508,500
46,433,042
46,941,542
2,855
-
-
-
0.0%
Total
16,961,565
168,576,580
162,303,399
14,967
-
-
23,234,746
 
 
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. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the 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 - Unadjusted 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.
 
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.
 
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