NPORT-EX 2 QTLY_312_20220430.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Blue Chip Growth Fund
April 30, 2022
BCF-NPRT3-0622
1.800333.118
Common Stocks - 97.6%
 
 
Shares
Value ($)
(000s)
 
COMMUNICATION SERVICES - 12.7%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Starry Group Holdings, Inc. (a)
 
213,928
1,725
Starry, Inc.
 
2,949,276
22,535
 
 
 
24,260
Entertainment - 1.3%
 
 
 
Bilibili, Inc. ADR (b)(c)
 
2,773,766
67,513
Endeavor Group Holdings, Inc. (d)
 
1,021,359
23,236
Endeavor Group Holdings, Inc. (b)(c)
 
1,430,675
32,548
Netflix, Inc. (b)
 
1,602,719
305,094
Sea Ltd. ADR (b)
 
1,728,041
143,013
Universal Music Group NV
 
589,700
13,685
 
 
 
585,089
Interactive Media & Services - 11.4%
 
 
 
Alphabet, Inc. Class A (b)
 
1,342,462
3,063,753
Bumble, Inc. (b)
 
5,382
129
Meta Platforms, Inc. Class A (b)
 
8,069,708
1,617,734
Snap, Inc. Class A (b)
 
14,935,345
425,060
Zoominfo Technologies, Inc. (b)
 
510,757
24,210
 
 
 
5,130,886
TOTAL COMMUNICATION SERVICES
 
 
5,740,235
CONSUMER DISCRETIONARY - 27.6%
 
 
 
Automobiles - 4.7%
 
 
 
Neutron Holdings, Inc. (a)(b)(e)
 
7,152,433
244
Rad Power Bikes, Inc. (a)(b)(e)
 
928,091
6,654
Rivian Automotive, Inc.
 
3,588,326
107,426
Rivian Automotive, Inc. (c)
 
497,373
15,041
Tesla, Inc. (b)
 
2,151,827
1,873,725
XPeng, Inc. ADR (b)
 
3,986,829
98,116
 
 
 
2,101,206
Hotels, Restaurants & Leisure - 4.8%
 
 
 
Airbnb, Inc. Class A (b)
 
3,725,696
570,814
Booking Holdings, Inc. (b)
 
47,272
104,486
Caesars Entertainment, Inc. (b)
 
3,337,456
221,207
Chipotle Mexican Grill, Inc. (b)
 
155,061
225,708
Dutch Bros, Inc. (c)
 
187,605
8,962
Expedia, Inc. (b)
 
719,284
125,695
Hilton Worldwide Holdings, Inc.
 
1,187,409
184,393
Marriott International, Inc. Class A
 
1,472,624
261,420
MGM Resorts International
 
1,201,375
49,304
Penn National Gaming, Inc. (b)
 
7,425,721
271,559
Sonder Holdings, Inc.
 
891,027
3,801
Sonder Holdings, Inc.:
 
 
 
 rights (b)(e)
 
16,222
35
 rights (b)(e)
 
16,221
28
 rights (b)(e)
 
16,222
22
 rights (b)(e)
 
16,221
18
 rights (b)(e)
 
16,221
14
 rights (b)(e)
 
16,221
12
Sweetgreen, Inc.
 
4,495,729
115,315
Sweetgreen, Inc. Class A (c)
 
1,467,290
39,617
 
 
 
2,182,410
Household Durables - 0.0%
 
 
 
D.R. Horton, Inc.
 
64,000
4,454
Lennar Corp. Class A
 
60,900
4,658
 
 
 
9,112
Internet & Direct Marketing Retail - 7.7%
 
 
 
Alibaba Group Holding Ltd. sponsored ADR (b)
 
848,197
82,351
Amazon.com, Inc. (b)
 
1,185,610
2,946,988
BARK, Inc. (a)(f)
 
1,949,100
6,023
Deliveroo PLC Class A (b)(d)
 
13,315,609
18,403
FSN E-Commerce Ventures Private Ltd. (a)(b)
 
6,140,430
115,537
JD.com, Inc.:
 
 
 
 Class A
 
129,391
4,034
 sponsored ADR
 
1,509,796
93,094
Pinduoduo, Inc. ADR (b)
 
2,234,539
96,286
Wayfair LLC Class A (b)
 
1,012,239
77,882
Zomato Ltd. (a)(b)
 
25,862,000
23,033
 
 
 
3,463,631
Multiline Retail - 1.1%
 
 
 
Dollar Tree, Inc. (b)
 
2,281,409
370,615
Nordstrom, Inc.
 
1,508,094
38,758
Ollie's Bargain Outlet Holdings, Inc. (b)
 
816,184
39,218
Target Corp.
 
169,075
38,659
 
 
 
487,250
Specialty Retail - 5.3%
 
 
 
American Eagle Outfitters, Inc. (c)(f)
 
9,106,627
137,601
Aritzia, Inc. (b)
 
509,126
18,131
Burlington Stores, Inc. (b)
 
811,046
165,097
Carvana Co. Class A (b)(c)
 
2,173,192
125,958
Dick's Sporting Goods, Inc. (c)
 
572,746
55,224
Fanatics, Inc. Class A (a)(e)
 
1,693,889
114,913
Five Below, Inc. (b)
 
1,167,999
183,493
Floor & Decor Holdings, Inc. Class A (b)
 
1,544,203
123,104
JD Sports Fashion PLC
 
8,082,927
13,318
Lowe's Companies, Inc.
 
3,732,387
738,005
RH (b)(c)
 
774,137
260,203
TJX Companies, Inc.
 
3,290,254
201,627
Victoria's Secret & Co. (b)
 
3,322,930
156,576
Warby Parker, Inc. (b)(c)
 
4,003,436
93,240
 
 
 
2,386,490
Textiles, Apparel & Luxury Goods - 4.0%
 
 
 
Capri Holdings Ltd. (b)
 
4,739,171
226,058
Crocs, Inc. (b)
 
2,554,087
169,668
Deckers Outdoor Corp. (b)
 
736,888
195,828
Hermes International SCA
 
12,094
14,913
lululemon athletica, Inc. (b)
 
1,478,749
524,409
LVMH Moet Hennessy Louis Vuitton SE
 
131,490
85,092
Moncler SpA
 
672,510
35,034
NIKE, Inc. Class B
 
3,209,953
400,281
On Holding AG (c)
 
1,718,533
42,912
PVH Corp.
 
856,907
62,366
Tapestry, Inc.
 
1,023,723
33,701
Tory Burch LLC (a)(b)(e)(g)
 
293,611
16,052
 
 
 
1,806,314
TOTAL CONSUMER DISCRETIONARY
 
 
12,436,413
CONSUMER STAPLES - 1.0%
 
 
 
Beverages - 0.6%
 
 
 
Boston Beer Co., Inc. Class A (b)
 
172,014
64,505
Celsius Holdings, Inc. (b)(c)
 
3,680,732
191,398
The Coca-Cola Co.
 
83,265
5,380
 
 
 
261,283
Food & Staples Retailing - 0.3%
 
 
 
Albertsons Companies, Inc.
 
990,842
30,994
BJ's Wholesale Club Holdings, Inc. (b)
 
669,310
43,070
Blink Health LLC Series A1 (a)(b)(e)
 
51,117
1,657
Performance Food Group Co. (b)
 
481,939
23,735
Sysco Corp.
 
391,195
33,439
The Real Good Food Co. LLC (e)(f)
 
1,262,073
0
U.S. Foods Holding Corp. (b)
 
478,349
17,995
 
 
 
150,890
Food Products - 0.0%
 
 
 
Sovos Brands, Inc.
 
236,874
3,577
The Real Good Food Co. LLC Class B unit (f)
 
1,262,073
8,946
The Real Good Food Co., Inc.
 
50,758
363
 
 
 
12,886
Household Products - 0.1%
 
 
 
Procter & Gamble Co.
 
309,327
49,662
Tobacco - 0.0%
 
 
 
JUUL Labs, Inc.:
 
 
 
 Class A (a)(b)(e)
 
21,148
847
 Class B (a)(b)(e)
 
6,625
265
 
 
 
1,112
TOTAL CONSUMER STAPLES
 
 
475,833
ENERGY - 3.8%
 
 
 
Energy Equipment & Services - 0.2%
 
 
 
Halliburton Co.
 
1,414,887
50,398
U.S. Silica Holdings, Inc. (b)
 
753,631
14,002
 
 
 
64,400
Oil, Gas & Consumable Fuels - 3.6%
 
 
 
Antero Resources Corp. (b)
 
145,700
5,129
Cenovus Energy, Inc. (Canada)
 
1,782,527
32,955
Cheniere Energy, Inc.
 
271,691
36,898
Denbury, Inc. (b)
 
741,941
47,469
Devon Energy Corp.
 
1,835,687
106,782
Diamondback Energy, Inc.
 
1,270,955
160,433
EOG Resources, Inc.
 
1,582,669
184,792
EQT Corp.
 
78,179
3,108
Equinor ASA
 
396,455
13,400
Exxon Mobil Corp.
 
731,548
62,364
Hess Corp.
 
2,030,343
209,267
Imperial Oil Ltd.
 
94,600
4,763
Marathon Oil Corp.
 
1,833,023
45,679
Occidental Petroleum Corp.
 
716,327
39,462
Phillips 66 Co.
 
951,255
82,531
Pioneer Natural Resources Co.
 
605,855
140,843
Reliance Industries Ltd.
 
8,399,193
303,956
Reliance Industries Ltd. sponsored GDR (d)
 
433,590
31,006
Valero Energy Corp.
 
1,070,279
119,315
 
 
 
1,630,152
TOTAL ENERGY
 
 
1,694,552
FINANCIALS - 1.2%
 
 
 
Banks - 0.5%
 
 
 
Kotak Mahindra Bank Ltd. (b)
 
779,186
18,048
Wells Fargo & Co.
 
4,279,320
186,707
 
 
 
204,755
Consumer Finance - 0.6%
 
 
 
American Express Co.
 
1,449,636
253,266
Diversified Financial Services - 0.1%
 
 
 
Ant International Co. Ltd. Class C (a)(b)(e)
 
6,428,801
10,479
Berkshire Hathaway, Inc. Class B (b)
 
44,475
14,358
Rapyd Financial Network 2016 Ltd. (a)(b)(e)
 
204,327
24,008
 
 
 
48,845
Thrifts & Mortgage Finance - 0.0%
 
 
 
Housing Development Finance Corp. Ltd.
 
697,722
20,106
TOTAL FINANCIALS
 
 
526,972
HEALTH CARE - 6.2%
 
 
 
Biotechnology - 1.3%
 
 
 
ADC Therapeutics SA (b)
 
394,899
4,648
Alnylam Pharmaceuticals, Inc. (b)
 
771,205
102,902
Arcutis Biotherapeutics, Inc. (b)
 
493,288
9,959
Argenx SE ADR (b)
 
94,120
27,043
Ascendis Pharma A/S sponsored ADR (b)
 
453,944
41,431
Avidity Biosciences, Inc. (b)
 
201,203
2,877
BioNTech SE ADR (b)
 
123,949
17,202
Cerevel Therapeutics Holdings (b)
 
613,052
17,950
Cibus Corp. Series C (a)(b)(e)(g)
 
6,861,885
16,812
CytomX Therapeutics, Inc. (b)(d)
 
378,621
647
Day One Biopharmaceuticals, Inc. (b)(c)
 
603,768
5,144
Erasca, Inc.
 
331,611
2,414
Generation Bio Co. (b)
 
839,434
5,314
Horizon Therapeutics PLC (b)
 
1,715,924
169,121
Instil Bio, Inc. (b)
 
566,434
4,005
Karuna Therapeutics, Inc. (b)
 
179,586
20,017
Regeneron Pharmaceuticals, Inc. (b)
 
97,341
64,158
Relay Therapeutics, Inc. (b)
 
277,956
6,624
Revolution Medicines, Inc. (b)
 
665
13
Vertex Pharmaceuticals, Inc. (b)
 
172,004
46,995
Verve Therapeutics, Inc.
 
485,716
7,247
Xencor, Inc. (b)
 
390,863
9,764
 
 
 
582,287
Health Care Equipment & Supplies - 1.6%
 
 
 
Axonics Modulation Technologies, Inc. (b)
 
750,590
38,896
Boston Scientific Corp. (b)
 
717,994
30,235
DexCom, Inc. (b)
 
643,341
262,856
Il Makiage Ltd. (a)(e)
 
11,709
10,079
Insulet Corp. (b)
 
327,409
78,247
Intuitive Surgical, Inc. (b)
 
387,860
92,815
Outset Medical, Inc. (b)
 
240,717
8,396
Shockwave Medical, Inc. (b)(c)
 
911,790
137,799
Tandem Diabetes Care, Inc. (b)
 
719,138
69,382
 
 
 
728,705
Health Care Providers & Services - 1.0%
 
 
 
agilon health, Inc. (b)
 
428,416
7,613
Alignment Healthcare, Inc. (b)
 
956,648
9,193
AmerisourceBergen Corp.
 
50,058
7,573
Anthem, Inc.
 
18,769
9,421
Centene Corp. (b)
 
246,868
19,885
Guardant Health, Inc. (b)
 
1,163,203
71,770
LifeStance Health Group, Inc.
 
2,499,825
16,924
McKesson Corp.
 
34,802
10,775
Surgery Partners, Inc. (b)
 
606,809
31,044
UnitedHealth Group, Inc.
 
491,820
250,115
 
 
 
434,313
Health Care Technology - 0.0%
 
 
 
Certara, Inc. (b)
 
400,941
7,357
MultiPlan Corp. warrants (a)(b)
 
138,859
70
 
 
 
7,427
Life Sciences Tools & Services - 0.6%
 
 
 
Danaher Corp.
 
625,131
156,989
ICON PLC (b)
 
105,319
23,824
Olink Holding AB ADR (b)
 
658,025
9,528
Seer, Inc. (b)
 
331,797
2,415
Thermo Fisher Scientific, Inc.
 
60,806
33,621
Veterinary Emergency Group LLC Class A (a)(e)(g)
 
524,494
27,470
 
 
 
253,847
Pharmaceuticals - 1.7%
 
 
 
Chiasma, Inc. warrants 12/16/24 (b)(e)
 
55,391
0
Eli Lilly & Co.
 
1,313,046
383,580
GH Research PLC
 
214,564
3,124
Intra-Cellular Therapies, Inc. (b)
 
281,923
14,268
Nuvation Bio, Inc. (b)
 
1,601,165
7,461
Roche Holding AG (participation certificate)
 
36,080
13,379
Zoetis, Inc. Class A
 
2,022,815
358,544
 
 
 
780,356
TOTAL HEALTH CARE
 
 
2,786,935
INDUSTRIALS - 5.7%
 
 
 
Aerospace & Defense - 0.8%
 
 
 
Airbus Group NV
 
290,365
31,787
General Dynamics Corp.
 
38,890
9,199
Howmet Aerospace, Inc.
 
1,326,142
45,248
L3Harris Technologies, Inc.
 
54,746
12,715
Lockheed Martin Corp.
 
42,680
18,443
Northrop Grumman Corp.
 
42,180
18,534
Raytheon Technologies Corp.
 
50,258
4,770
Space Exploration Technologies Corp.:
 
 
 
 Class A (a)(b)(e)
 
2,627,450
147,137
 Class C (a)(b)(e)
 
27,830
1,558
The Boeing Co. (b)
 
587,177
87,395
 
 
 
376,786
Airlines - 0.3%
 
 
 
Alaska Air Group, Inc. (b)
 
371,551
20,209
Delta Air Lines, Inc. (b)
 
1,455,631
62,636
Ryanair Holdings PLC sponsored ADR (b)
 
630,420
55,048
Southwest Airlines Co. (b)
 
298,656
13,953
 
 
 
151,846
Commercial Services & Supplies - 0.1%
 
 
 
ACV Auctions, Inc. Class A (b)
 
3,188,758
42,570
Construction & Engineering - 0.0%
 
 
 
Fluor Corp. (b)
 
628,625
15,558
Electrical Equipment - 0.4%
 
 
 
Acuity Brands, Inc.
 
733,546
126,522
Generac Holdings, Inc. (b)
 
279,422
61,300
 
 
 
187,822
Industrial Conglomerates - 0.3%
 
 
 
General Electric Co.
 
1,780,881
132,765
Machinery - 0.3%
 
 
 
Caterpillar, Inc.
 
22,038
4,640
Deere & Co.
 
281,058
106,113
 
 
 
110,753
Road & Rail - 3.5%
 
 
 
Avis Budget Group, Inc. (b)
 
393,331
105,283
Bird Global, Inc.
 
6,781,848
12,085
Bird Global, Inc. (a)
 
1,821,129
3,278
Bird Global, Inc.:
 
 
 
 rights (b)(e)
 
262,923
105
 rights (b)(e)
 
262,922
53
 rights (b)(e)
 
262,922
24
 Class A (b)(c)
 
4,711,008
8,480
Hertz Global Holdings, Inc. (c)
 
3,183,278
63,857
Lyft, Inc. (b)
 
20,946,274
682,849
Uber Technologies, Inc. (b)
 
21,539,268
678,056
 
 
 
1,554,070
Transportation Infrastructure - 0.0%
 
 
 
Delhivery Private Ltd. (a)(e)
 
2,469,600
14,898
TOTAL INDUSTRIALS
 
 
2,587,068
INFORMATION TECHNOLOGY - 37.3%
 
 
 
Communications Equipment - 0.2%
 
 
 
Arista Networks, Inc. (b)
 
895,163
103,454
Electronic Equipment & Components - 0.0%
 
 
 
II-VI, Inc. (b)(c)
 
192,185
11,764
IT Services - 2.5%
 
 
 
Block, Inc. Class A (b)
 
1,040,641
103,585
Digitalocean Holdings, Inc. (b)(c)
 
841,349
33,174
Flywire Corp. (b)
 
1,316,128
40,155
MasterCard, Inc. Class A
 
1,116,005
405,534
MongoDB, Inc. Class A (b)
 
194,707
69,107
Okta, Inc. (b)
 
1,035,400
123,534
PayPal Holdings, Inc. (b)
 
54,900
4,827
Shift4 Payments, Inc. (b)(c)
 
993,557
52,122
TDCX, Inc. ADR
 
789,995
10,941
Thoughtworks Holding, Inc.
 
372,248
6,890
Twilio, Inc. Class A (b)
 
1,641,264
183,526
Visa, Inc. Class A
 
351,267
74,866
 
 
 
1,108,261
Semiconductors & Semiconductor Equipment - 11.8%
 
 
 
Advanced Micro Devices, Inc. (b)
 
2,328,767
199,156
ASML Holding NV
 
83,859
47,277
Cirrus Logic, Inc. (b)
 
720,863
54,641
GlobalFoundries, Inc.
 
3,199,766
167,316
Lam Research Corp.
 
93,410
43,507
Marvell Technology, Inc.
 
25,032,597
1,453,893
NVIDIA Corp.
 
12,273,845
2,276,430
NXP Semiconductors NV
 
3,769,639
644,231
onsemi (b)
 
2,382,369
124,145
Synaptics, Inc. (b)
 
171,928
25,521
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR
 
840,494
78,107
Teradyne, Inc.
 
1,732,353
182,694
Wolfspeed, Inc. (b)(c)
 
341,333
31,304
 
 
 
5,328,222
Software - 11.5%
 
 
 
Atlassian Corp. PLC (b)
 
276,534
62,173
Atom Tickets LLC (a)(b)(e)(g)
 
1,204,239
0
Cadence Design Systems, Inc. (b)
 
346,015
52,196
Confluent, Inc. (c)
 
816,157
25,497
Coupa Software, Inc. (b)
 
815,270
70,358
Crowdstrike Holdings, Inc. (b)
 
629,288
125,077
Datadog, Inc. Class A (b)
 
249,218
30,101
DoubleVerify Holdings, Inc. (b)
 
1,096,948
23,859
EngageSmart, Inc.
 
1,806,425
37,718
Epic Games, Inc. (a)(b)(e)
 
6,131
5,702
HashiCorp, Inc. (c)
 
256,276
12,065
HubSpot, Inc. (b)
 
423,145
160,554
Intuit, Inc.
 
570,174
238,760
Microsoft Corp.
 
12,574,239
3,489,603
Pine Labs Private Ltd. (a)(e)
 
9,912
5,547
Qualtrics International, Inc. (b)
 
1,204,569
22,333
Rapid7, Inc. (b)
 
62,285
5,949
Riskified Ltd. Class A (d)
 
77,625
406
Salesforce.com, Inc. (b)
 
2,945,017
518,146
Samsara, Inc. (c)
 
985,003
12,155
ServiceNow, Inc. (b)
 
221,441
105,871
Stripe, Inc. Class B (a)(b)(e)
 
173,600
5,564
Tanium, Inc. Class B (a)(b)(e)
 
554,900
6,548
Zoom Video Communications, Inc. Class A (b)
 
1,451,294
144,505
 
 
 
5,160,687
Technology Hardware, Storage & Peripherals - 11.3%
 
 
 
Apple, Inc.
 
32,219,275
5,079,371
TOTAL INFORMATION TECHNOLOGY
 
 
16,791,759
MATERIALS - 1.8%
 
 
 
Chemicals - 1.2%
 
 
 
Cabot Corp.
 
371,551
24,467
CF Industries Holdings, Inc.
 
1,172,897
113,572
Corteva, Inc.
 
175,408
10,119
Nutrien Ltd.
 
2,085,920
204,979
Sociedad Quimica y Minera de Chile SA (PN-B) sponsored ADR
 
126,000
9,299
The Mosaic Co.
 
2,739,819
171,020
 
 
 
533,456
Metals & Mining - 0.6%
 
 
 
ArcelorMittal SA Class A unit GDR (c)
 
1,334,930
39,033
Freeport-McMoRan, Inc.
 
5,522,834
223,951
Glencore Xstrata PLC
 
730,038
4,498
 
 
 
267,482
TOTAL MATERIALS
 
 
800,938
REAL ESTATE - 0.2%
 
 
 
Real Estate Management & Development - 0.2%
 
 
 
WeWork, Inc. (b)(c)
 
10,867,163
76,179
UTILITIES - 0.1%
 
 
 
Electric Utilities - 0.1%
 
 
 
ORSTED A/S (d)
 
91,342
10,105
PG&E Corp. (b)
 
791,294
10,010
Southern Co.
 
150,076
11,014
 
 
 
31,129
Multi-Utilities - 0.0%
 
 
 
Sempra Energy
 
97,923
15,801
TOTAL UTILITIES
 
 
46,930
 
TOTAL COMMON STOCKS
 (Cost $24,953,524)
 
 
 
43,963,814
 
 
 
 
Preferred Stocks - 2.3%
 
 
Shares
Value ($)
(000s)
 
Convertible Preferred Stocks - 2.1%
 
 
 
COMMUNICATION SERVICES - 0.1%
 
 
 
Interactive Media & Services - 0.1%
 
 
 
Reddit, Inc.:
 
 
 
  Series B(a)(b)(e)
 
524,232
20,786
  Series E(a)(e)
 
43,813
1,737
  Series F(a)(e)
 
457,142
18,126
 
 
 
40,649
CONSUMER DISCRETIONARY - 0.4%
 
 
 
Automobiles - 0.0%
 
 
 
Rad Power Bikes, Inc.:
 
 
 
  Series A(a)(b)(e)
 
120,997
868
  Series C(a)(b)(e)
 
476,111
3,414
  Series D(a)(e)
 
867,000
6,216
 
 
 
10,498
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Discord, Inc. Series I (a)(e)
 
6,100
3,359
MOD Super Fast Pizza Holdings LLC Series 3 (a)(b)(e)(g)
 
100,182
20,093
 
 
 
23,452
Internet & Direct Marketing Retail - 0.3%
 
 
 
GoBrands, Inc.:
 
 
 
  Series G(a)(b)(e)
 
166,200
56,024
  Series H(a)(e)
 
104,029
35,067
Instacart, Inc.:
 
 
 
  Series H(a)(b)(e)
 
245,379
15,913
  Series I(a)(b)(e)
 
118,846
7,707
 
 
 
114,711
Textiles, Apparel & Luxury Goods - 0.1%
 
 
 
Algolia SAS Series D (a)(e)
 
276,495
8,086
CelLink Corp. Series D (a)(e)
 
771,513
16,066
 
 
 
24,152
TOTAL CONSUMER DISCRETIONARY
 
 
172,813
 
 
 
 
CONSUMER STAPLES - 0.3%
 
 
 
Food & Staples Retailing - 0.0%
 
 
 
Blink Health LLC Series C (a)(b)(e)
 
170,685
5,532
 
 
 
 
Food Products - 0.0%
 
 
 
AgBiome LLC Series C (a)(b)(e)
 
1,091,300
6,439
Bowery Farming, Inc. Series C1 (a)(e)
 
161,262
7,112
 
 
 
13,551
Tobacco - 0.3%
 
 
 
JUUL Labs, Inc.:
 
 
 
  Series C(a)(b)(e)
 
2,570,575
102,977
  Series D(a)(b)(e)
 
13,822
554
  Series E(a)(b)(e)
 
14,959
599
 
 
 
104,130
TOTAL CONSUMER STAPLES
 
 
123,213
 
 
 
 
HEALTH CARE - 0.0%
 
 
 
Biotechnology - 0.0%
 
 
 
Castle Creek Biosciences, Inc. Series D2 (a)(e)
 
5,347
1,150
 
 
 
 
Pharmaceuticals - 0.0%
 
 
 
Castle Creek Pharmaceutical Holdings, Inc. Series B (a)(b)(e)
 
3,301
772
 
 
 
 
TOTAL HEALTH CARE
 
 
1,922
 
 
 
 
INDUSTRIALS - 0.5%
 
 
 
Aerospace & Defense - 0.5%
 
 
 
ABL Space Systems:
 
 
 
  Series B(a)(b)(e)
 
270,130
18,368
  Series B2(a)(e)
 
141,569
9,626
Relativity Space, Inc. Series E (a)(e)
 
2,480,614
52,936
Space Exploration Technologies Corp.:
 
 
 
  Series G(a)(b)(e)
 
97,277
54,475
  Series H(a)(b)(e)
 
25,767
14,430
  Series N(a)(b)(e)
 
79,406
44,467
 
 
 
194,302
Construction & Engineering - 0.0%
 
 
 
Beta Technologies, Inc. Series A (a)(e)
 
101,010
10,421
 
 
 
 
TOTAL INDUSTRIALS
 
 
204,723
 
 
 
 
INFORMATION TECHNOLOGY - 0.7%
 
 
 
Communications Equipment - 0.1%
 
 
 
Meesho Series F (a)(e)
 
546,589
41,908
Xsight Labs Ltd. Series D (a)(b)(e)
 
1,192,000
8,916
 
 
 
50,824
Electronic Equipment & Components - 0.1%
 
 
 
Enevate Corp. Series E (a)(b)(e)
 
12,084,432
13,398
Menlo Micro, Inc. Series C (a)(e)
 
4,680,700
4,926
 
 
 
18,324
IT Services - 0.1%
 
 
 
AppNexus, Inc. Series E (Escrow) (a)(b)(e)
 
646,522
20
ByteDance Ltd. Series E1 (a)(b)(e)
 
293,038
37,529
Yanka Industries, Inc. Series F (a)(e)
 
508,854
10,620
 
 
 
48,169
Semiconductors & Semiconductor Equipment - 0.1%
 
 
 
Alif Semiconductor Series C (a)(e)
 
391,847
7,954
Astera Labs, Inc. Series C (a)(e)
 
1,572,300
4,764
GaN Systems, Inc.:
 
 
 
  Series F1(a)(e)
 
661,660
4,440
  Series F2(a)(e)
 
349,385
2,344
SiMa.ai:
 
 
 
  Series B(a)(e)
 
2,821,200
20,005
  Series B1(a)(e)
 
188,978
1,340
 
 
 
40,847
Software - 0.3%
 
 
 
Bolt Technology OU Series E (a)(e)
 
170,267
41,313
Databricks, Inc.:
 
 
 
  Series G(a)(b)(e)
 
145,986
24,431
  Series H(a)(e)
 
91,308
15,280
Dataminr, Inc. Series D (a)(b)(e)
 
277,250
7,192
Delphix Corp. Series D (a)(b)(e)
 
675,445
5,167
Jet.Com, Inc. Series B1 (Escrow) (a)(b)(e)
 
2,928,086
0
Malwarebytes Corp. Series B (a)(b)(e)
 
1,056,193
24,842
Mountain Digital, Inc. Series D (a)(e)
 
524,265
12,040
Nuvia, Inc. Series B (a)(b)
 
1,606,942
1,313
Skyryse, Inc. Series B (a)(e)
 
560,000
13,821
Stripe, Inc. Series H (a)(b)(e)
 
73,100
2,343
Tenstorrent, Inc. Series C1 (a)(e)
 
77,800
4,379
 
 
 
152,121
TOTAL INFORMATION TECHNOLOGY
 
 
310,285
 
 
 
 
MATERIALS - 0.1%
 
 
 
Metals & Mining - 0.1%
 
 
 
Diamond Foundry, Inc. Series C (a)(b)(e)
 
2,271,329
64,006
 
 
 
 
UTILITIES - 0.0%
 
 
 
Independent Power and Renewable Electricity Producers - 0.0%
 
 
 
Redwood Materials Series C (a)(e)
 
341,408
16,184
 
 
 
 
TOTAL CONVERTIBLE PREFERRED STOCKS
 
 
933,795
Nonconvertible Preferred Stocks - 0.2%
 
 
 
CONSUMER DISCRETIONARY - 0.1%
 
 
 
Automobiles - 0.0%
 
 
 
Neutron Holdings, Inc.:
 
 
 
  Series 1C(a)(b)(e)
 
50,654,200
1,727
  Series 1D(a)(b)(e)
 
85,315,542
2,909
Waymo LLC Series A2 (a)(b)(e)
 
81,316
7,458
 
 
 
12,094
Internet & Direct Marketing Retail - 0.1%
 
 
 
Circle Internet Financial Ltd. Series E (a)
 
1,244,183
56,880
 
 
 
 
TOTAL CONSUMER DISCRETIONARY
 
 
68,974
 
 
 
 
HEALTH CARE - 0.0%
 
 
 
Pharmaceuticals - 0.0%
 
 
 
Castle Creek Pharmaceutical Holdings, Inc. Series A4 (a)(b)(e)
 
29,758
6,797
 
 
 
 
INFORMATION TECHNOLOGY - 0.1%
 
 
 
IT Services - 0.0%
 
 
 
Gupshup, Inc. (a)(e)
 
709,497
13,495
 
 
 
 
Software - 0.1%
 
 
 
Pine Labs Private Ltd.:
 
 
 
  Series 1(a)(e)
 
23,689
13,256
  Series A(a)(e)
 
5,920
3,313
  Series B(a)(e)
 
6,440
3,604
  Series B2(a)(e)
 
5,209
2,915
  Series C(a)(e)
 
9,690
5,423
  Series C1(a)(e)
 
2,041
1,142
  Series D(a)(e)
 
2,183
1,222
 
 
 
30,875
TOTAL INFORMATION TECHNOLOGY
 
 
44,370
 
 
 
 
TOTAL NONCONVERTIBLE PREFERRED STOCKS
 
 
120,141
 
TOTAL PREFERRED STOCKS
 (Cost $822,789)
 
 
 
1,053,936
 
 
 
 
Convertible Bonds - 0.1%
 
 
Principal
Amount (h)
(000s)
 
Value ($)
(000s)
 
CONSUMER DISCRETIONARY - 0.1%
 
 
 
Automobiles - 0.1%
 
 
 
Neutron Holdings, Inc.:
 
 
 
 0% 10/27/25 (a)(e)(i)
 
20,045
19,197
 4% 5/22/27 (a)(e)
 
2,433
3,335
 4% 6/12/27 (a)(e)
 
647
887
 
 
 
23,419
FINANCIALS - 0.0%
 
 
 
Diversified Financial Services - 0.0%
 
 
 
ZKH Group Ltd. 8% 12/23/22 (a)(e)
 
12,068
12,068
 
TOTAL CONVERTIBLE BONDS
 (Cost $35,193)
 
 
 
35,487
 
 
 
 
Preferred Securities - 0.1%
 
 
Principal
Amount (h)
(000s)
 
Value ($)
(000s)
 
INFORMATION TECHNOLOGY - 0.1%
 
 
 
Electronic Equipment & Components - 0.0%
 
 
 
Enevate Corp. 0% 1/29/23 (a)(e)
 
5,145
5,145
Semiconductors & Semiconductor Equipment - 0.1%
 
 
 
GaN Systems, Inc. 0% (a)(e)(j)
 
15,508
15,508
Software - 0.0%
 
 
 
Tenstorrent, Inc. 0% (a)(e)(j)
 
4,320
4,320
 
TOTAL PREFERRED SECURITIES
 (Cost $24,973)
 
 
 
24,973
 
 
 
 
Money Market Funds - 1.3%
 
 
Shares
Value ($)
(000s)
 
Fidelity Securities Lending Cash Central Fund 0.32% (k)(l)
 
 (Cost $594,173)
 
 
594,113,892
594,173
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 101.4%
 (Cost $26,430,652)
 
 
 
45,672,383
NET OTHER ASSETS (LIABILITIES) - (1.4)%  
(626,473)
NET ASSETS - 100.0%
45,045,910
 
 
 
Any values shown as $0 in the Schedule of Investments may reflect amounts less than $500.
 
Legend
 
(a)
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 $1,680,496,000 or 3.7% of net assets.
 
(b)
Non-income producing
 
(c)
Security or a portion of the security is on loan at period end.
 
(d)
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 $83,803,000 or 0.2% of net assets.
 
(e)
Level 3 security
 
(f)
Affiliated company
 
(g)
Investment is owned by a wholly-owned subsidiary (Subsidiary) that is treated as a corporation for U.S. tax purposes.
 
(h)
Amount is stated in United States dollars unless otherwise noted.
 
(i)
Security initially issued in zero coupon form which converts to coupon form at a specified rate and date. The rate shown is the rate at period end.
 
(j)
Security is perpetual in nature with no stated maturity date.
 
(k)
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.
 
(l)
Investment made with cash collateral received from securities on loan.
 
 
 
Additional information on each restricted holding is as follows:
Security
Acquisition Date
Acquisition Cost ($)
(000s)
ABL Space Systems Series B
3/24/21
12,165
ABL Space Systems Series B2
10/22/21
9,626
AgBiome LLC Series C
6/29/18
6,912
Algolia SAS Series D
7/23/21
8,086
Alif Semiconductor Series C
3/08/22
7,954
Ant International Co. Ltd. Class C
5/16/18
24,503
AppNexus, Inc. Series E (Escrow)
8/01/14
0
Astera Labs, Inc. Series C
8/24/21
5,286
Atom Tickets LLC
8/15/17
7,145
BARK, Inc.
12/17/20
19,491
Beta Technologies, Inc. Series A
4/09/21
7,401
Bird Global, Inc.
5/11/21
18,211
Blink Health LLC Series A1
12/30/20
1,385
Blink Health LLC Series C
11/07/19 - 7/14/21
6,515
Bolt Technology OU Series E
1/03/22
44,235
Bowery Farming, Inc. Series C1
5/18/21
9,716
ByteDance Ltd. Series E1
11/18/20
32,109
Castle Creek Biosciences, Inc. Series D2
6/28/21
917
Castle Creek Pharmaceutical Holdings, Inc. Series A4
9/29/16
9,831
Castle Creek Pharmaceutical Holdings, Inc. Series B
10/09/18
1,360
CelLink Corp. Series D
1/20/22
16,066
Cibus Corp. Series C
2/16/18 - 6/23/21
12,238
Circle Internet Financial Ltd. Series E
5/11/21
20,193
Databricks, Inc. Series G
2/01/21
25,893
Databricks, Inc. Series H
8/31/21
20,129
Dataminr, Inc. Series D
3/06/15
3,535
Delhivery Private Ltd.
5/20/21
12,055
Delphix Corp. Series D
7/10/15
6,079
Diamond Foundry, Inc. Series C
3/15/21
54,512
Discord, Inc. Series I
9/15/21
3,359
Enevate Corp. Series E
1/29/21
13,398
Enevate Corp. 0% 1/29/23
1/29/21
5,145
Epic Games, Inc.
7/30/20
3,525
Fanatics, Inc. Class A
8/13/20 - 12/15/21
60,327
FSN E-Commerce Ventures Private Ltd.
10/07/20 - 10/26/20
16,851
GaN Systems, Inc. Series F1
11/30/21
5,611
GaN Systems, Inc. Series F2
11/30/21
2,963
GaN Systems, Inc. 0%
11/30/21
15,508
GoBrands, Inc. Series G
3/02/21
41,503
GoBrands, Inc. Series H
7/22/21
40,414
Gupshup, Inc.
6/08/21
16,223
Il Makiage Ltd.
1/06/22
10,079
Instacart, Inc. Series H
11/13/20
14,723
Instacart, Inc. Series I
2/26/21
14,856
Jet.Com, Inc. Series B1 (Escrow)
3/19/18
0
JUUL Labs, Inc. Class A
12/20/17
453
JUUL Labs, Inc. Class B
11/21/17
0
JUUL Labs, Inc. Series C
5/22/15 - 7/06/18
0
JUUL Labs, Inc. Series D
6/25/18 - 7/06/18
0
JUUL Labs, Inc. Series E
12/20/17
321
Malwarebytes Corp. Series B
12/21/15
10,958
Meesho Series F
9/21/21
41,908
Menlo Micro, Inc. Series C
2/09/22
6,204
MOD Super Fast Pizza Holdings LLC Series 3
11/03/16 - 5/15/19
14,007
Mountain Digital, Inc. Series D
11/05/21
12,040
MultiPlan Corp. warrants
10/08/20
0
Neutron Holdings, Inc.
2/04/21
72
Neutron Holdings, Inc. Series 1C
7/03/18
9,262
Neutron Holdings, Inc. Series 1D
1/25/19
20,689
Neutron Holdings, Inc. 0% 10/27/25
10/29/21
20,045
Neutron Holdings, Inc. 4% 5/22/27
6/04/20
2,433
Neutron Holdings, Inc. 4% 6/12/27
6/12/20
647
Nuvia, Inc. Series B
3/16/21
1,313
Pine Labs Private Ltd.
6/30/21
3,696
Pine Labs Private Ltd. Series 1
6/30/21
8,833
Pine Labs Private Ltd. Series A
6/30/21
2,207
Pine Labs Private Ltd. Series B
6/30/21
2,401
Pine Labs Private Ltd. Series B2
6/30/21
1,942
Pine Labs Private Ltd. Series C
6/30/21
3,613
Pine Labs Private Ltd. Series C1
6/30/21
761
Pine Labs Private Ltd. Series D
6/30/21
814
Rad Power Bikes, Inc.
1/21/21
4,477
Rad Power Bikes, Inc. Series A
1/21/21
584
Rad Power Bikes, Inc. Series C
1/21/21
2,297
Rad Power Bikes, Inc. Series D
9/17/21
8,309
Rapyd Financial Network 2016 Ltd.
3/30/21
15,000
Reddit, Inc. Series B
7/26/17
7,442
Reddit, Inc. Series E
5/18/21
1,861
Reddit, Inc. Series F
8/11/21
28,249
Redwood Materials Series C
5/28/21
16,184
Relativity Space, Inc. Series E
5/27/21
56,645
SiMa.ai Series B
5/10/21
14,465
SiMa.ai Series B1
4/25/22
1,340
Skyryse, Inc. Series B
10/21/21
13,821
Space Exploration Technologies Corp. Class A
10/16/15 - 2/16/21
31,999
Space Exploration Technologies Corp. Class C
9/11/17
376
Space Exploration Technologies Corp. Series G
1/20/15
7,535
Space Exploration Technologies Corp. Series H
8/04/17
3,479
Space Exploration Technologies Corp. Series N
8/04/20
21,440
Starry Group Holdings, Inc.
10/06/21
1,604
Stripe, Inc. Class B
5/18/21
6,966
Stripe, Inc. Series H
3/15/21
2,933
Tanium, Inc. Class B
4/21/17
2,755
Tenstorrent, Inc. Series C1
4/23/21
4,626
Tenstorrent, Inc. 0%
4/23/21
4,320
Tory Burch LLC
5/14/15
20,623
Veterinary Emergency Group LLC Class A
9/16/21 - 3/17/22
21,638
Waymo LLC Series A2
5/08/20
6,982
Xsight Labs Ltd. Series D
2/16/21
9,531
Yanka Industries, Inc. Series F
4/08/21
16,221
ZKH Group Ltd. 8% 12/23/22
2/24/22
12,068
Zomato Ltd.
12/09/20 - 2/10/21
18,138
 
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 (Amounts in thousands)
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%
21,837
2,404,822
2,426,659
14
-
-
-
0.0%
Fidelity Securities Lending Cash Central Fund 0.32%
726,752
3,359,092
3,491,671
8,386
-
-
594,173
1.6%
Total
748,589
5,763,914
5,918,330
8,400
-
-
594,173
 
 
Amounts in the income column in the above table include any capital gain distributions from underlying funds.
 
Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.
 
 
Other Affiliated Issuers
An affiliated company is a company in which the Fund has ownership of at least 5% of the voting securities. Fiscal year to date transactions with companies which are or were affiliates are as follows:
Affiliate (Amounts in thousands)
Value,
beginning
of period ($)
Purchases ($)
Sales
Proceeds ($)
Dividend
Income ($)
Realized
Gain (loss) ($)
Change in
Unrealized
appreciation
(depreciation) ($)
Value,
end
of period ($)
American Eagle Outfitters, Inc.
284,750
23,599
2,025
4,779
1,159
(169,882)
137,601
BARK, Inc.
15,731
15,339
6,351
-
(9,039)
3,811
-
BARK, Inc.
-
-
-
-
-
(13,468)
6,023
Switchback II Corp. Class A
-
27,269
17
-
-
-
-
The Real Good Food Co. LLC
-
-
-
-
-
-
-
The Real Good Food Co. LLC Class B unit
-
-
-
-
-
(3,170)
8,946
Tupperware Brands Corp.
91,752
-
76,724
-
(18,415)
3,387
-
Total
392,233
66,207
85,117
4,779
(26,295)
(179,322)
152,570
 
 
 
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 - 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.
 
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 and Preferred Securities are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
 
Investments in 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.