NPORT-EX 2 QTLY_2945_20220430.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Blue Chip Growth K6 Fund
April 30, 2022
BCFK6-NPRT3-0622
1.9884005.104
Common Stocks - 95.2%
 
 
Shares
Value ($)
 
COMMUNICATION SERVICES - 11.8%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Starry Group Holdings, Inc. (a)
 
25,908
208,961
Starry, Inc.
 
199,782
1,526,534
 
 
 
1,735,495
Entertainment - 1.3%
 
 
 
Bilibili, Inc. ADR (b)(c)
 
344,507
8,385,300
Endeavor Group Holdings, Inc. (b)
 
162,338
3,693,190
Netflix, Inc. (b)
 
207,557
39,510,551
Sea Ltd. ADR (b)
 
266,922
22,090,465
Universal Music Group NV
 
73,427
1,703,978
 
 
 
75,383,484
Interactive Media & Services - 10.5%
 
 
 
Alphabet, Inc. Class A (b)
 
146,385
334,078,383
Bumble, Inc. (b)
 
601
14,418
Meta Platforms, Inc. Class A (b)
 
1,013,958
203,268,160
Snap, Inc. Class A (b)(c)
 
1,878,630
53,465,810
Zoominfo Technologies, Inc. (b)
 
62,700
2,971,980
 
 
 
593,798,751
TOTAL COMMUNICATION SERVICES
 
 
670,917,730
CONSUMER DISCRETIONARY - 27.5%
 
 
 
Automobiles - 5.2%
 
 
 
Neutron Holdings, Inc. (a)(b)(d)
 
491,550
16,762
Rad Power Bikes, Inc. (a)(b)(d)
 
101,681
729,053
Rivian Automotive, Inc.
 
369,880
11,073,319
Rivian Automotive, Inc. (c)
 
54,878
1,659,511
Tesla, Inc. (b)
 
311,626
271,351,456
XPeng, Inc. ADR (b)
 
488,427
12,020,188
 
 
 
296,850,289
Hotels, Restaurants & Leisure - 4.9%
 
 
 
Airbnb, Inc. Class A (b)
 
466,582
71,485,028
Booking Holdings, Inc. (b)
 
6,053
13,379,006
Caesars Entertainment, Inc. (b)
 
429,405
28,460,963
Chipotle Mexican Grill, Inc. (b)
 
19,456
28,320,348
Dutch Bros, Inc. (c)
 
32,991
1,575,980
Expedia, Inc. (b)
 
110,963
19,390,784
Hilton Worldwide Holdings, Inc.
 
152,421
23,669,457
Marriott International, Inc. Class A
 
186,381
33,086,355
MGM Resorts International
 
183,249
7,520,539
Penn National Gaming, Inc. (b)
 
938,611
34,325,004
Sonder Holdings, Inc.
 
69,768
297,595
Sonder Holdings, Inc.:
 
 
 
 rights (b)(d)
 
1,448
3,113
 rights (b)(d)
 
1,447
2,460
 rights (b)(d)
 
1,447
1,953
 rights (b)(d)
 
1,447
1,577
 rights (b)(d)
 
1,447
1,273
 rights (b)(d)
 
1,447
1,042
Sweetgreen, Inc.
 
326,881
8,384,498
Sweetgreen, Inc. Class A (c)
 
177,889
4,803,003
 
 
 
274,709,978
Household Durables - 0.0%
 
 
 
D.R. Horton, Inc.
 
8,000
556,720
Lennar Corp. Class A
 
7,700
588,973
 
 
 
1,145,693
Internet & Direct Marketing Retail - 7.1%
 
 
 
Alibaba Group Holding Ltd. sponsored ADR (b)
 
105,374
10,230,762
Amazon.com, Inc. (b)
 
138,472
344,190,157
BARK, Inc. (a)
 
229,270
708,444
Deliveroo PLC Class A (b)(e)
 
632,855
874,646
FSN E-Commerce Ventures Private Ltd. (a)(b)
 
629,400
11,842,687
JD.com, Inc.:
 
 
 
 Class A
 
15,711
489,846
 sponsored ADR
 
187,465
11,559,092
Pinduoduo, Inc. ADR (b)
 
277,578
11,960,836
Wayfair LLC Class A (b)
 
124,635
9,589,417
Zomato Ltd. (a)(b)
 
2,860,900
2,547,934
 
 
 
403,993,821
Multiline Retail - 1.1%
 
 
 
Dollar Tree, Inc. (b)
 
279,763
45,447,499
Nordstrom, Inc.
 
188,217
4,837,177
Ollie's Bargain Outlet Holdings, Inc. (b)
 
98,366
4,726,486
Target Corp.
 
21,046
4,812,168
 
 
 
59,823,330
Specialty Retail - 5.2%
 
 
 
American Eagle Outfitters, Inc. (c)
 
1,047,095
15,821,605
Aritzia, Inc. (b)
 
45,262
1,611,907
Burlington Stores, Inc. (b)
 
100,925
20,544,293
Carvana Co. Class A (b)
 
283,643
16,439,948
Dick's Sporting Goods, Inc. (c)
 
65,521
6,317,535
Fanatics, Inc. Class A (a)(d)
 
183,732
12,464,379
Five Below, Inc. (b)
 
147,259
23,134,389
Floor & Decor Holdings, Inc. Class A (b)
 
196,592
15,672,314
JD Sports Fashion PLC
 
950,230
1,565,671
Lowe's Companies, Inc.
 
469,130
92,761,075
RH (b)
 
97,440
32,751,533
TJX Companies, Inc.
 
412,226
25,261,209
Victoria's Secret & Co. (b)
 
421,677
19,869,420
Warby Parker, Inc. (b)(c)
 
489,094
11,390,999
 
 
 
295,606,277
Textiles, Apparel & Luxury Goods - 4.0%
 
 
 
Capri Holdings Ltd. (b)
 
564,787
26,940,340
Crocs, Inc. (b)
 
318,670
21,169,248
Deckers Outdoor Corp. (b)
 
89,702
23,838,307
Hermes International SCA
 
1,418
1,748,475
lululemon athletica, Inc. (b)
 
172,367
61,126,509
LVMH Moet Hennessy Louis Vuitton SE
 
15,292
9,895,993
Moncler SpA
 
92,921
4,840,599
NIKE, Inc. Class B
 
469,847
58,589,921
On Holding AG
 
216,901
5,416,018
PVH Corp.
 
112,532
8,190,079
Tapestry, Inc.
 
138,859
4,571,238
 
 
 
226,326,727
TOTAL CONSUMER DISCRETIONARY
 
 
1,558,456,115
CONSUMER STAPLES - 1.0%
 
 
 
Beverages - 0.6%
 
 
 
Boston Beer Co., Inc. Class A (b)
 
20,902
7,838,250
Celsius Holdings, Inc. (b)(c)
 
463,891
24,122,332
The Coca-Cola Co.
 
10,298
665,354
 
 
 
32,625,936
Food & Staples Retailing - 0.3%
 
 
 
Albertsons Companies, Inc.
 
122,923
3,845,031
BJ's Wholesale Club Holdings, Inc. (b)
 
82,886
5,333,714
Blink Health LLC Series A1 (a)(b)(d)
 
5,757
186,584
Performance Food Group Co. (b)
 
59,266
2,918,851
Sysco Corp.
 
48,359
4,133,727
The Real Good Food Co. LLC (d)
 
139,521
1
U.S. Foods Holding Corp. (b)
 
58,562
2,203,102
 
 
 
18,621,010
Food Products - 0.0%
 
 
 
Sovos Brands, Inc.
 
28,644
432,524
The Real Good Food Co. LLC Class B unit
 
139,521
988,981
The Real Good Food Co., Inc.
 
6,258
44,807
 
 
 
1,466,312
Household Products - 0.1%
 
 
 
Procter & Gamble Co.
 
37,863
6,078,905
Tobacco - 0.0%
 
 
 
JUUL Labs, Inc. Class A (a)(b)(d)
 
23,134
926,748
TOTAL CONSUMER STAPLES
 
 
59,718,911
ENERGY - 3.7%
 
 
 
Energy Equipment & Services - 0.2%
 
 
 
Halliburton Co.
 
174,278
6,207,782
U.S. Silica Holdings, Inc. (b)
 
93,868
1,744,067
 
 
 
7,951,849
Oil, Gas & Consumable Fuels - 3.5%
 
 
 
Antero Resources Corp. (b)
 
18,300
644,160
Cenovus Energy, Inc. (Canada)
 
216,831
4,008,669
Cheniere Energy, Inc.
 
31,673
4,301,510
Denbury, Inc. (b)
 
90,135
5,766,837
Devon Energy Corp.
 
224,245
13,044,332
Diamondback Energy, Inc.
 
158,619
20,022,476
EOG Resources, Inc.
 
198,789
23,210,604
EQT Corp.
 
9,692
385,257
Equinor ASA
 
49,291
1,666,015
Exxon Mobil Corp.
 
91,700
7,817,425
Hess Corp.
 
255,980
26,383,859
Imperial Oil Ltd.
 
11,900
599,145
Marathon Oil Corp.
 
225,152
5,610,788
Occidental Petroleum Corp.
 
89,163
4,911,990
Phillips 66 Co.
 
116,467
10,104,677
Pioneer Natural Resources Co.
 
74,206
17,250,669
Reliance Industries Ltd.
 
981,591
35,522,469
Reliance Industries Ltd. sponsored GDR (e)
 
47,787
3,417,245
Valero Energy Corp.
 
131,244
14,631,081
 
 
 
199,299,208
TOTAL ENERGY
 
 
207,251,057
FINANCIALS - 1.1%
 
 
 
Banks - 0.4%
 
 
 
Kotak Mahindra Bank Ltd. (b)
 
72,602
1,681,616
Wells Fargo & Co.
 
535,510
23,364,301
 
 
 
25,045,917
Consumer Finance - 0.6%
 
 
 
American Express Co.
 
192,105
33,562,665
Diversified Financial Services - 0.1%
 
 
 
Ant International Co. Ltd. Class C (a)(b)(d)
 
403,977
658,483
Berkshire Hathaway, Inc. Class B (b)
 
5,552
1,792,352
 
 
 
2,450,835
Insurance - 0.0%
 
 
 
The Travelers Companies, Inc.
 
2
342
Thrifts & Mortgage Finance - 0.0%
 
 
 
Housing Development Finance Corp. Ltd.
 
65,160
1,877,721
TOTAL FINANCIALS
 
 
62,937,480
HEALTH CARE - 6.3%
 
 
 
Biotechnology - 1.2%
 
 
 
ADC Therapeutics SA (b)
 
43,467
511,607
Alnylam Pharmaceuticals, Inc. (b)
 
85,257
11,375,842
Arcutis Biotherapeutics, Inc. (b)
 
53,611
1,082,406
Argenx SE ADR (b)
 
9,735
2,797,060
Ascendis Pharma A/S sponsored ADR (b)
 
46,765
4,268,242
Avidity Biosciences, Inc. (b)
 
22,077
315,701
BioNTech SE ADR (b)(c)
 
15,146
2,101,962
Cerevel Therapeutics Holdings (b)
 
72,273
2,116,153
Cibus Corp. Series C (a)(b)(d)(f)
 
500,651
1,226,595
Day One Biopharmaceuticals, Inc. (b)(c)
 
69,886
595,429
Erasca, Inc.
 
39,084
284,532
Generation Bio Co. (b)
 
74,345
470,604
Horizon Therapeutics PLC (b)
 
217,194
21,406,641
Immunocore Holdings PLC ADR (b)
 
118
3,848
Instil Bio, Inc. (b)
 
65,379
462,230
Karuna Therapeutics, Inc. (b)
 
18,222
2,031,024
Regeneron Pharmaceuticals, Inc. (b)
 
12,198
8,039,824
Relay Therapeutics, Inc. (b)
 
31,103
741,184
Vertex Pharmaceuticals, Inc. (b)
 
21,540
5,885,159
Verve Therapeutics, Inc.
 
55,984
835,281
Xencor, Inc. (b)
 
36,709
916,991
 
 
 
67,468,315
Health Care Equipment & Supplies - 1.7%
 
 
 
Axonics Modulation Technologies, Inc. (b)
 
78,439
4,064,709
Boston Scientific Corp. (b)
 
85,194
3,587,519
DexCom, Inc. (b)
 
80,408
32,853,101
Il Makiage Ltd. (a)(d)
 
1,393
1,199,122
Insulet Corp. (b)
 
31,562
7,543,002
Intuitive Surgical, Inc. (b)
 
93,155
22,291,992
Outset Medical, Inc. (b)
 
27,465
957,979
Shockwave Medical, Inc. (b)
 
94,992
14,356,141
Tandem Diabetes Care, Inc. (b)
 
84,051
8,109,240
 
 
 
94,962,805
Health Care Providers & Services - 1.0%
 
 
 
agilon health, Inc. (b)
 
47,339
841,214
Alignment Healthcare, Inc. (b)
 
102,588
985,871
AmerisourceBergen Corp.
 
6,159
931,795
Anthem, Inc.
 
2,400
1,204,632
Centene Corp. (b)
 
29,925
2,410,459
Guardant Health, Inc. (b)
 
145,200
8,958,840
LifeStance Health Group, Inc.
 
300,380
2,033,573
McKesson Corp.
 
4,341
1,344,017
Surgery Partners, Inc. (b)
 
71,395
3,652,568
UnitedHealth Group, Inc.
 
62,417
31,742,165
 
 
 
54,105,134
Health Care Technology - 0.0%
 
 
 
Certara, Inc. (b)
 
47,192
865,973
MultiPlan Corp. warrants (a)(b)
 
13,856
7,015
 
 
 
872,988
Life Sciences Tools & Services - 0.5%
 
 
 
Danaher Corp.
 
78,554
19,727,266
ICON PLC (b)
 
12,717
2,876,713
Olink Holding AB ADR (b)
 
76,984
1,114,728
Seer, Inc. (b)
 
38,079
277,215
Thermo Fisher Scientific, Inc.
 
7,340
4,058,433
Veterinary Emergency Group LLC Class A (a)(d)(f)
 
62,379
3,267,025
 
 
 
31,321,380
Pharmaceuticals - 1.9%
 
 
 
Eli Lilly & Co.
 
207,731
60,684,457
GH Research PLC
 
23,897
347,940
Intra-Cellular Therapies, Inc. (b)
 
23,751
1,202,038
Nuvation Bio, Inc. (b)
 
133,823
623,615
Roche Holding AG (participation certificate)
 
4,510
1,672,371
Zoetis, Inc. Class A
 
253,289
44,895,475
 
 
 
109,425,896
TOTAL HEALTH CARE
 
 
358,156,518
INDUSTRIALS - 5.3%
 
 
 
Aerospace & Defense - 0.5%
 
 
 
Airbus Group NV
 
33,658
3,684,605
General Dynamics Corp.
 
4,746
1,122,571
Howmet Aerospace, Inc.
 
153,360
5,232,643
L3Harris Technologies, Inc.
 
6,764
1,571,007
Lockheed Martin Corp.
 
5,250
2,268,630
Northrop Grumman Corp.
 
5,250
2,306,850
Raytheon Technologies Corp.
 
6,259
594,042
Space Exploration Technologies Corp. Class A (a)(b)(d)
 
22,000
1,232,000
The Boeing Co. (b)
 
71,654
10,664,981
 
 
 
28,677,329
Airlines - 0.3%
 
 
 
Alaska Air Group, Inc. (b)
 
45,736
2,487,581
Delta Air Lines, Inc. (b)
 
178,667
7,688,041
Ryanair Holdings PLC sponsored ADR (b)
 
69,540
6,072,233
Southwest Airlines Co. (b)
 
37,051
1,731,023
 
 
 
17,978,878
Commercial Services & Supplies - 0.1%
 
 
 
ACV Auctions, Inc. Class A (b)
 
359,343
4,797,229
Construction & Engineering - 0.0%
 
 
 
Fluor Corp. (b)
 
78,038
1,931,441
Electrical Equipment - 0.4%
 
 
 
Acuity Brands, Inc.
 
85,966
14,827,416
Generac Holdings, Inc. (b)
 
34,065
7,473,180
 
 
 
22,300,596
Industrial Conglomerates - 0.3%
 
 
 
General Electric Co.
 
224,616
16,745,123
Machinery - 0.3%
 
 
 
Caterpillar, Inc.
 
2,726
573,932
Deere & Co.
 
38,203
14,423,543
 
 
 
14,997,475
Road & Rail - 3.4%
 
 
 
Avis Budget Group, Inc. (b)
 
45,344
12,137,228
Bird Global, Inc. (a)
 
201,367
362,461
Bird Global, Inc.
 
663,983
1,183,218
Bird Global, Inc.:
 
 
 
 rights (b)(d)
 
25,742
10,297
 rights (b)(d)
 
25,742
5,148
 rights (b)(d)
 
25,741
2,317
 Class A (b)(c)
 
564,914
1,016,845
Hertz Global Holdings, Inc. (c)
 
389,769
7,818,766
Lyft, Inc. (b)
 
2,591,004
84,466,730
Uber Technologies, Inc. (b)
 
2,680,974
84,397,062
 
 
 
191,400,072
Transportation Infrastructure - 0.0%
 
 
 
Delhivery Private Ltd. (a)(d)
 
271,900
1,640,246
TOTAL INDUSTRIALS
 
 
300,468,389
INFORMATION TECHNOLOGY - 36.4%
 
 
 
Communications Equipment - 0.2%
 
 
 
Arista Networks, Inc. (b)
 
108,460
12,534,722
Electronic Equipment & Components - 0.1%
 
 
 
II-VI, Inc. (b)
 
23,898
1,462,797
IT Services - 2.7%
 
 
 
Block, Inc. Class A (b)
 
131,719
13,111,309
Digitalocean Holdings, Inc. (b)(c)
 
124,085
4,892,672
Flywire Corp. (b)
 
157,774
4,813,685
MasterCard, Inc. Class A
 
179,517
65,232,887
MongoDB, Inc. Class A (b)
 
27,602
9,796,778
Okta, Inc. (b)
 
126,826
15,131,610
PayPal Holdings, Inc. (b)
 
6,900
606,717
Shift4 Payments, Inc. (b)(c)
 
120,703
6,332,079
TDCX, Inc. ADR
 
96,509
1,336,650
Thoughtworks Holding, Inc. (c)
 
44,167
817,531
Twilio, Inc. Class A (b)
 
204,952
22,917,733
Visa, Inc. Class A
 
42,688
9,098,093
 
 
 
154,087,744
Semiconductors & Semiconductor Equipment - 12.0%
 
 
 
Advanced Micro Devices, Inc. (b)
 
295,921
25,307,164
ASML Holding NV
 
10,494
5,916,202
Cirrus Logic, Inc. (b)
 
80,609
6,110,162
GlobalFoundries, Inc.
 
415,891
21,746,940
Lam Research Corp.
 
10,244
4,771,245
Marvell Technology, Inc.
 
3,344,682
194,259,131
NVIDIA Corp.
 
1,524,671
282,780,730
NXP Semiconductors NV
 
481,522
82,292,110
onsemi (b)
 
303,616
15,821,430
Synaptics, Inc. (b)
 
18,466
2,741,093
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR
 
104,867
9,745,290
Teradyne, Inc.
 
218,493
23,042,272
Wolfspeed, Inc. (b)(c)
 
41,630
3,817,887
 
 
 
678,351,656
Software - 10.6%
 
 
 
Atlassian Corp. PLC (b)
 
33,123
7,447,044
Cadence Design Systems, Inc. (b)
 
44,084
6,650,071
Confluent, Inc. (c)
 
97,978
3,060,833
Coupa Software, Inc. (b)
 
99,250
8,565,275
Crowdstrike Holdings, Inc. (b)
 
78,965
15,695,083
Datadog, Inc. Class A (b)
 
30,341
3,664,586
DoubleVerify Holdings, Inc. (b)
 
111,953
2,434,978
EngageSmart, Inc.
 
218,776
4,568,043
Epic Games, Inc. (a)(b)(d)
 
607
564,510
HashiCorp, Inc. (c)
 
31,101
1,464,235
HubSpot, Inc. (b)
 
53,137
20,161,772
Intuit, Inc.
 
71,346
29,876,138
Microsoft Corp.
 
1,364,708
378,733,764
Pine Labs Private Ltd. (a)(d)
 
1,109
620,596
Qualtrics International, Inc. (b)
 
145,543
2,698,367
Rapid7, Inc. (b)
 
6,786
648,199
Riskified Ltd. Class A (e)
 
6,825
35,695
Salesforce.com, Inc. (b)
 
448,842
78,969,261
Samsara, Inc. (c)
 
122,693
1,514,032
ServiceNow, Inc. (b)
 
30,882
14,764,684
Stripe, Inc. Class B (a)(b)(d)
 
19,200
615,360
Zoom Video Communications, Inc. Class A (b)
 
174,554
17,380,342
 
 
 
600,132,868
Technology Hardware, Storage & Peripherals - 10.8%
 
 
 
Apple, Inc.
 
3,884,865
612,448,972
TOTAL INFORMATION TECHNOLOGY
 
 
2,059,018,759
MATERIALS - 1.8%
 
 
 
Chemicals - 1.2%
 
 
 
Cabot Corp.
 
55,436
3,650,461
CF Industries Holdings, Inc.
 
142,100
13,759,543
Corteva, Inc.
 
15,322
883,926
Nutrien Ltd.
 
269,711
26,503,963
Sociedad Quimica y Minera de Chile SA (PN-B) sponsored ADR
 
15,800
1,166,040
The Mosaic Co.
 
341,232
21,299,701
 
 
 
67,263,634
Metals & Mining - 0.6%
 
 
 
ArcelorMittal SA Class A unit GDR (c)
 
165,667
4,844,103
Freeport-McMoRan, Inc.
 
697,833
28,297,128
Glencore Xstrata PLC
 
90,557
557,982
 
 
 
33,699,213
TOTAL MATERIALS
 
 
100,962,847
REAL ESTATE - 0.2%
 
 
 
Real Estate Management & Development - 0.2%
 
 
 
WeWork, Inc. (b)
 
1,275,875
8,943,884
UTILITIES - 0.1%
 
 
 
Electric Utilities - 0.1%
 
 
 
ORSTED A/S (e)
 
11,407
1,261,962
PG&E Corp. (b)
 
99,000
1,252,350
Southern Co.
 
18,576
1,363,293
 
 
 
3,877,605
Multi-Utilities - 0.0%
 
 
 
Sempra Energy
 
12,215
1,971,012
TOTAL UTILITIES
 
 
5,848,617
 
TOTAL COMMON STOCKS
 (Cost $4,092,600,401)
 
 
 
5,392,680,307
 
 
 
 
Preferred Stocks - 1.6%
 
 
Shares
Value ($)
 
Convertible Preferred Stocks - 1.4%
 
 
 
COMMUNICATION SERVICES - 0.0%
 
 
 
Interactive Media & Services - 0.0%
 
 
 
Reddit, Inc.:
 
 
 
  Series E(a)(d)
 
4,835
191,708
  Series F(a)(d)
 
51,156
2,028,335
 
 
 
2,220,043
CONSUMER DISCRETIONARY - 0.3%
 
 
 
Automobiles - 0.0%
 
 
 
Rad Power Bikes, Inc.:
 
 
 
  Series A(a)(b)(d)
 
13,256
95,046
  Series C(a)(b)(d)
 
52,162
374,002
  Series D(a)(d)
 
102,800
737,076
 
 
 
1,206,124
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Discord, Inc. Series I (a)(d)
 
700
385,437
 
 
 
 
Internet & Direct Marketing Retail - 0.2%
 
 
 
GoBrands, Inc.:
 
 
 
  Series G(a)(b)(d)
 
18,300
6,168,747
  Series H(a)(d)
 
11,467
3,865,411
Instacart, Inc.:
 
 
 
  Series H(a)(b)(d)
 
27,205
1,764,244
  Series I(a)(b)(d)
 
13,064
847,200
 
 
 
12,645,602
Textiles, Apparel & Luxury Goods - 0.1%
 
 
 
Algolia SAS Series D (a)(d)
 
30,436
890,102
CelLink Corp. Series D (a)(d)
 
92,760
1,931,625
 
 
 
2,821,727
TOTAL CONSUMER DISCRETIONARY
 
 
17,058,890
 
 
 
 
CONSUMER STAPLES - 0.1%
 
 
 
Food & Staples Retailing - 0.0%
 
 
 
Blink Health LLC Series C (a)(b)(d)
 
16,970
549,998
 
 
 
 
Food Products - 0.1%
 
 
 
AgBiome LLC Series C (a)(b)(d)
 
68,700
405,330
Bowery Farming, Inc. Series C1 (a)(d)
 
17,874
788,243
 
 
 
1,193,573
Tobacco - 0.0%
 
 
 
JUUL Labs, Inc. Series E (a)(b)(d)
 
12,508
501,070
 
 
 
 
TOTAL CONSUMER STAPLES
 
 
2,244,641
 
 
 
 
INDUSTRIALS - 0.3%
 
 
 
Aerospace & Defense - 0.3%
 
 
 
ABL Space Systems:
 
 
 
  Series B(a)(b)(d)
 
29,724
2,021,116
  Series B2(a)(d)
 
17,155
1,166,473
Relativity Space, Inc. Series E (a)(d)
 
276,014
5,890,139
Space Exploration Technologies Corp. Series N (a)(b)(d)
 
8,141
4,558,960
 
 
 
13,636,688
Construction & Engineering - 0.0%
 
 
 
Beta Technologies, Inc. Series A (a)(d)
 
11,104
1,145,600
 
 
 
 
TOTAL INDUSTRIALS
 
 
14,782,288
 
 
 
 
INFORMATION TECHNOLOGY - 0.6%
 
 
 
Communications Equipment - 0.1%
 
 
 
Meesho Series F (a)(d)
 
63,600
4,876,358
Xsight Labs Ltd. Series D (a)(b)(d)
 
130,900
979,132
 
 
 
5,855,490
Electronic Equipment & Components - 0.1%
 
 
 
Enevate Corp. Series E (a)(b)(d)
 
1,325,513
1,469,575
Menlo Micro, Inc. Series C (a)(d)
 
560,500
589,926
 
 
 
2,059,501
IT Services - 0.1%
 
 
 
ByteDance Ltd. Series E1 (a)(b)(d)
 
31,950
4,091,837
Yanka Industries, Inc. Series F (a)(d)
 
55,991
1,168,532
 
 
 
5,260,369
Semiconductors & Semiconductor Equipment - 0.1%
 
 
 
Alif Semiconductor Series C (a)(d)
 
47,598
966,170
Astera Labs, Inc. Series C (a)(d)
 
180,900
548,127
GaN Systems, Inc.:
 
 
 
  Series F1(a)(d)
 
78,477
526,581
  Series F2(a)(d)
 
41,439
278,056
SiMa.ai:
 
 
 
  Series B(a)(d)
 
313,000
2,219,452
  Series B1(a)(d)
 
20,966
148,668
 
 
 
4,687,054
Software - 0.2%
 
 
 
Bolt Technology OU Series E (a)(d)
 
20,165
4,892,805
Databricks, Inc.:
 
 
 
  Series G(a)(b)(d)
 
16,000
2,677,600
  Series H(a)(d)
 
10,524
1,761,191
Mountain Digital, Inc. Series D (a)(d)
 
62,139
1,427,041
Nuvia, Inc. Series B (a)(b)
 
178,648
145,995
Skyryse, Inc. Series B (a)(d)
 
67,400
1,663,430
Stripe, Inc. Series H (a)(b)(d)
 
8,086
259,156
Tenstorrent, Inc. Series C1 (a)(d)
 
8,600
484,008
 
 
 
13,311,226
TOTAL INFORMATION TECHNOLOGY
 
 
31,173,640
 
 
 
 
MATERIALS - 0.1%
 
 
 
Metals & Mining - 0.1%
 
 
 
Diamond Foundry, Inc. Series C (a)(b)(d)
 
249,802
7,039,420
 
 
 
 
UTILITIES - 0.0%
 
 
 
Independent Power and Renewable Electricity Producers - 0.0%
 
 
 
Redwood Materials Series C (a)(d)
 
37,990
1,800,858
 
 
 
 
TOTAL CONVERTIBLE PREFERRED STOCKS
 
 
76,319,780
Nonconvertible Preferred Stocks - 0.2%
 
 
 
CONSUMER DISCRETIONARY - 0.1%
 
 
 
Automobiles - 0.0%
 
 
 
Neutron Holdings, Inc.:
 
 
 
  Series 1C(a)(b)(d)
 
3,178,083
108,373
  Series 1D(a)(b)(d)
 
5,904,173
201,332
Waymo LLC Series A2 (a)(b)(d)
 
7,817
716,991
 
 
 
1,026,696
Internet & Direct Marketing Retail - 0.1%
 
 
 
Circle Internet Financial Ltd. Series E (a)
 
137,547
6,288,154
 
 
 
 
TOTAL CONSUMER DISCRETIONARY
 
 
7,314,850
 
 
 
 
INFORMATION TECHNOLOGY - 0.1%
 
 
 
IT Services - 0.0%
 
 
 
Gupshup, Inc. (a)(d)
 
78,911
1,500,887
 
 
 
 
Software - 0.1%
 
 
 
Pine Labs Private Ltd.:
 
 
 
  Series 1(a)(d)
 
2,652
1,484,059
  Series A(a)(d)
 
663
371,015
  Series B(a)(d)
 
721
403,472
  Series B2(a)(d)
 
583
326,247
  Series C(a)(d)
 
1,085
607,166
  Series C1(a)(d)
 
228
127,589
  Series D(a)(d)
 
244
136,542
 
 
 
3,456,090
TOTAL INFORMATION TECHNOLOGY
 
 
4,956,977
 
 
 
 
TOTAL NONCONVERTIBLE PREFERRED STOCKS
 
 
12,271,827
 
TOTAL PREFERRED STOCKS
 (Cost $83,541,451)
 
 
 
88,591,607
 
 
 
 
Convertible Bonds - 0.1%
 
 
Principal
Amount (g)
 
Value ($)
 
CONSUMER DISCRETIONARY - 0.1%
 
 
 
Automobiles - 0.1%
 
 
 
Neutron Holdings, Inc.:
 
 
 
 0% 10/27/25 (a)(d)(h)
 
2,430,300
2,327,498
 4% 5/22/27 (a)(d)
 
237,400
325,452
 4% 6/12/27 (a)(d)
 
64,200
88,012
 
 
 
2,740,962
FINANCIALS - 0.0%
 
 
 
Diversified Financial Services - 0.0%
 
 
 
ZKH Group Ltd. 8% 12/23/22 (a)(d)
 
1,427,037
1,427,037
 
TOTAL CONVERTIBLE BONDS
 (Cost $4,158,937)
 
 
 
4,167,999
 
 
 
 
Preferred Securities - 0.0%
 
 
Principal
Amount (g)
 
Value ($)
 
INFORMATION TECHNOLOGY - 0.0%
 
 
 
Electronic Equipment & Components - 0.0%
 
 
 
Enevate Corp. 0% 1/29/23 (a)(d)
 
564,345
564,345
Semiconductors & Semiconductor Equipment - 0.0%
 
 
 
GaN Systems, Inc. 0% (a)(d)(i)
 
1,839,388
1,839,388
Software - 0.0%
 
 
 
Tenstorrent, Inc. 0% (a)(d)(i)
 
480,000
480,000
 
TOTAL PREFERRED SECURITIES
 (Cost $2,883,733)
 
 
 
2,883,733
 
 
 
 
Money Market Funds - 2.5%
 
 
Shares
Value ($)
 
Fidelity Cash Central Fund 0.32% (j)
 
87,390,291
87,407,769
Fidelity Securities Lending Cash Central Fund 0.32% (j)(k)
 
56,831,433
56,837,116
 
TOTAL MONEY MARKET FUNDS
 (Cost $144,244,885)
 
 
144,244,885
 
 
 
 
Equity Funds - 1.6%
 
 
Shares
Value ($)
 
Domestic Equity Funds - 1.6%
 
 
 
iShares Russell 1000 Growth Index ETF (c)
  (Cost $96,876,203)
 
360,900
87,969,375
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 101.0%
 (Cost $4,424,305,610)
 
 
 
5,720,537,906
NET OTHER ASSETS (LIABILITIES) - (1.0)%  
(57,194,706)
NET ASSETS - 100.0%
5,663,343,200
 
 
Security Type Abbreviations
ETF
-
EXCHANGE-TRADED FUND
 
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 $136,668,304 or 2.4% of net assets.
 
(b)
Non-income producing
 
(c)
Security or a portion of the security is on loan at period end.
 
(d)
Level 3 security
 
(e)
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 $5,589,548 or 0.1% of net assets.
 
(f)
Investment is owned by a wholly-owned subsidiary (Subsidiary) that is treated as a corporation for U.S. tax purposes.
 
(g)
Amount is stated in United States dollars unless otherwise noted.
 
(h)
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.
 
(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 ($)
 
ABL Space Systems Series B
3/24/21
1,338,638
ABL Space Systems Series B2
10/22/21
1,166,473
AgBiome LLC Series C
6/29/18
435,125
Algolia SAS Series D
7/23/21
890,102
Alif Semiconductor Series C
3/08/22
966,170
Ant International Co. Ltd. Class C
5/16/18
1,539,709
Astera Labs, Inc. Series C
8/24/21
608,150
BARK, Inc.
12/17/20 - 12/03/21
2,270,221
Beta Technologies, Inc. Series A
4/09/21
813,590
Bird Global, Inc.
5/11/21
2,013,670
Blink Health LLC Series A1
12/30/20
155,957
Blink Health LLC Series C
11/07/19 - 7/14/21
647,847
Bolt Technology OU Series E
1/03/22
5,238,796
Bowery Farming, Inc. Series C1
5/18/21
1,076,896
ByteDance Ltd. Series E1
11/18/20
3,500,895
CelLink Corp. Series D
1/20/22
1,931,625
Cibus Corp. Series C
2/16/18 - 6/23/21
859,091
Circle Internet Financial Ltd. Series E
5/11/21
2,232,400
Databricks, Inc. Series G
2/01/21
2,837,886
Databricks, Inc. Series H
8/31/21
2,320,041
Delhivery Private Ltd.
5/20/21
1,327,209
Diamond Foundry, Inc. Series C
3/15/21
5,995,248
Discord, Inc. Series I
9/15/21
385,437
Enevate Corp. Series E
1/29/21
1,469,576
Enevate Corp. 0% 1/29/23
1/29/21
564,345
Epic Games, Inc.
7/30/20
349,025
Fanatics, Inc. Class A
8/13/20 - 12/15/21
6,838,362
FSN E-Commerce Ventures Private Ltd.
10/07/20 - 10/26/20
1,727,161
GaN Systems, Inc. Series F1
11/30/21
665,485
GaN Systems, Inc. Series F2
11/30/21
351,403
GaN Systems, Inc. 0%
11/30/21
1,839,388
GoBrands, Inc. Series G
3/02/21
4,569,827
GoBrands, Inc. Series H
7/22/21
4,454,821
Gupshup, Inc.
6/08/21
1,804,316
Il Makiage Ltd.
1/06/22
1,199,122
Instacart, Inc. Series H
11/13/20
1,632,300
Instacart, Inc. Series I
2/26/21
1,633,000
JUUL Labs, Inc. Class A
12/20/17 - 7/06/18
645,585
JUUL Labs, Inc. Series E
12/20/17 - 7/06/18
342,963
Meesho Series F
9/21/21
4,876,358
Menlo Micro, Inc. Series C
2/09/22
742,943
Mountain Digital, Inc. Series D
11/05/21
1,427,041
MultiPlan Corp. warrants
10/08/20
0
Neutron Holdings, Inc.
2/04/21
4,916
Neutron Holdings, Inc. Series 1C
7/03/18
581,081
Neutron Holdings, Inc. Series 1D
1/25/19
1,431,762
Neutron Holdings, Inc. 0% 10/27/25
10/29/21
2,430,300
Neutron Holdings, Inc. 4% 5/22/27
6/04/20
237,400
Neutron Holdings, Inc. 4% 6/12/27
6/12/20
64,200
Nuvia, Inc. Series B
3/16/21
145,994
Pine Labs Private Ltd.
6/30/21
413,502
Pine Labs Private Ltd. Series 1
6/30/21
988,825
Pine Labs Private Ltd. Series A
6/30/21
247,206
Pine Labs Private Ltd. Series B
6/30/21
268,832
Pine Labs Private Ltd. Series B2
6/30/21
217,377
Pine Labs Private Ltd. Series C
6/30/21
404,553
Pine Labs Private Ltd. Series C1
6/30/21
85,012
Pine Labs Private Ltd. Series D
6/30/21
90,978
Rad Power Bikes, Inc.
1/21/21
490,493
Rad Power Bikes, Inc. Series A
1/21/21
63,945
Rad Power Bikes, Inc. Series C
1/21/21
251,621
Rad Power Bikes, Inc. Series D
9/17/21
985,215
Reddit, Inc. Series E
5/18/21
205,363
Reddit, Inc. Series F
8/11/21
3,161,154
Redwood Materials Series C
5/28/21
1,800,858
Relativity Space, Inc. Series E
5/27/21
6,302,807
SiMa.ai Series B
5/10/21
1,604,876
SiMa.ai Series B1
4/25/22
148,668
Skyryse, Inc. Series B
10/21/21
1,663,430
Space Exploration Technologies Corp. Class A
2/16/21
923,978
Space Exploration Technologies Corp. Series N
8/04/20
2,198,070
Starry Group Holdings, Inc.
10/06/21
194,310
Stripe, Inc. Class B
5/18/21
770,465
Stripe, Inc. Series H
3/15/21
324,451
Tenstorrent, Inc. Series C1
4/23/21
511,307
Tenstorrent, Inc. 0%
4/23/21
480,000
Veterinary Emergency Group LLC Class A
9/16/21 - 3/17/22
2,587,343
Waymo LLC Series A2
5/08/20
671,224
Xsight Labs Ltd. Series D
2/16/21
1,046,676
Yanka Industries, Inc. Series F
4/08/21
1,784,814
ZKH Group Ltd. 8% 12/23/22
2/24/22
1,427,037
Zomato Ltd.
12/09/20 - 2/10/21
2,004,664
 
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%
145,904,096
992,980,433
1,051,476,760
53,079
-
-
87,407,769
0.2%
Fidelity Securities Lending Cash Central Fund 0.32%
76,396,587
1,032,824,454
1,052,383,925
1,053,766
-
-
56,837,116
0.1%
Total
222,300,683
2,025,804,887
2,103,860,685
1,106,845
-
-
144,244,885
 
 
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 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.
 
Exchange-Traded Funds (ETFs) and Exchange-Traded Notes (ETNs) are valued at their last 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 but the exchange reports a closing bid level, ETFs and ETNs are valued at the closing bid and would be categorized as Level 1 in the hierarchy. In the event there was no closing bid, ETFs and ETNs may be valued by another method that the Board believes reflects fair value in accordance with the Board's fair value pricing policies and may be categorized as Level 2 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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