NPORT-EX 2 QTLY_1388_20220430.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Small Cap Growth Fund
April 30, 2022
SCP-NPRT3-0622
1.815773.117
Common Stocks - 97.1%
 
 
Shares
Value ($)
 
COMMUNICATION SERVICES - 4.9%
 
 
 
Diversified Telecommunication Services - 0.2%
 
 
 
IDT Corp. Class B (a)
 
334,244
8,850,781
Interactive Media & Services - 2.0%
 
 
 
Bumble, Inc. (a)(b)
 
1,265,000
30,347,350
CarGurus, Inc. Class A (a)(b)
 
998,903
32,644,150
ZipRecruiter, Inc. (a)
 
1,956,259
44,035,390
 
 
 
107,026,890
Media - 1.9%
 
 
 
Nexstar Broadcasting Group, Inc. Class A
 
205,400
32,539,468
TechTarget, Inc. (a)(b)
 
1,024,096
68,931,902
 
 
 
101,471,370
Wireless Telecommunication Services - 0.8%
 
 
 
Gogo, Inc. (a)(b)
 
2,321,698
42,742,460
TOTAL COMMUNICATION SERVICES
 
 
260,091,501
CONSUMER DISCRETIONARY - 11.2%
 
 
 
Auto Components - 0.4%
 
 
 
Gentherm, Inc. (a)(b)
 
370,700
24,992,594
Diversified Consumer Services - 0.3%
 
 
 
Duolingo, Inc. (a)(b)
 
99,800
8,629,706
Rover Group, Inc. Class A (a)(b)
 
1,050,000
6,646,500
 
 
 
15,276,206
Hotels, Restaurants & Leisure - 2.7%
 
 
 
Churchill Downs, Inc.
 
201,504
40,893,222
Dutch Bros, Inc. (b)
 
453,400
21,658,918
Everi Holdings, Inc. (a)
 
885,995
15,380,873
Lindblad Expeditions Holdings (a)(c)
 
3,634,913
55,650,518
Planet Fitness, Inc. (a)
 
137,700
11,020,131
 
 
 
144,603,662
Household Durables - 1.1%
 
 
 
GoPro, Inc. Class A (a)(b)
 
1,809,098
16,137,154
Helen of Troy Ltd. (a)
 
47,502
10,189,654
Lovesac (a)(b)(c)
 
769,332
33,727,515
 
 
 
60,054,323
Internet & Direct Marketing Retail - 0.6%
 
 
 
BARK, Inc. (a)(b)(c)
 
2,123,527
6,561,698
BARK, Inc. (c)(d)
 
1,195,200
3,693,168
BARK, Inc. warrants 8/29/25 (a)
 
579,928
260,968
Porch Group, Inc. Class A (a)(b)
 
3,205,291
11,859,577
thredUP, Inc. (a)(b)
 
1,207,353
7,956,456
 
 
 
30,331,867
Specialty Retail - 4.2%
 
 
 
American Eagle Outfitters, Inc. (b)
 
2,421,725
36,592,265
Dick's Sporting Goods, Inc. (b)
 
228,103
21,993,691
Fanatics, Inc. Class A (d)(e)
 
726,062
49,256,046
Five Below, Inc. (a)
 
165,800
26,047,180
Floor & Decor Holdings, Inc. Class A (a)
 
350,717
27,959,159
Lithia Motors, Inc. Class A (sub. vtg.) (b)
 
130,959
37,078,422
Williams-Sonoma, Inc. (b)
 
189,995
24,790,548
 
 
 
223,717,311
Textiles, Apparel & Luxury Goods - 1.9%
 
 
 
Algolia, Inc. (d)(e)
 
234,640
6,862,059
Crocs, Inc. (a)
 
868,690
57,707,077
Kontoor Brands, Inc.
 
882,000
35,041,860
 
 
 
99,610,996
TOTAL CONSUMER DISCRETIONARY
 
 
598,586,959
CONSUMER STAPLES - 3.9%
 
 
 
Food & Staples Retailing - 3.6%
 
 
 
BJ's Wholesale Club Holdings, Inc. (a)
 
1,038,785
66,845,815
Grocery Outlet Holding Corp. (a)(b)
 
622,900
20,973,043
Performance Food Group Co. (a)
 
1,139,100
56,100,675
The Real Good Food Co. LLC (e)
 
248,958
2
U.S. Foods Holding Corp. (a)
 
1,222,900
46,005,498
 
 
 
189,925,033
Food Products - 0.0%
 
 
 
The Real Good Food Co. LLC Class B unit
 
248,958
1,764,714
Personal Products - 0.3%
 
 
 
The Beauty Health Co. (a)(b)
 
1,143,889
14,984,946
TOTAL CONSUMER STAPLES
 
 
206,674,693
ENERGY - 5.4%
 
 
 
Energy Equipment & Services - 0.6%
 
 
 
TechnipFMC PLC (a)
 
4,631,800
32,052,056
Oil, Gas & Consumable Fuels - 4.8%
 
 
 
Antero Resources Corp. (a)
 
2,090,755
73,594,576
Civitas Resources, Inc.
 
225,600
13,224,672
Denbury, Inc. (a)
 
274,600
17,568,908
Enviva, Inc.
 
502,349
42,368,115
Genesis Energy LP
 
3,240,106
35,576,364
HF Sinclair Corp. (a)
 
376,500
14,314,530
Northern Oil & Gas, Inc.
 
491,951
12,288,936
PDC Energy, Inc.
 
152,626
10,644,137
Range Resources Corp. (a)
 
1,201,481
35,972,341
 
 
 
255,552,579
TOTAL ENERGY
 
 
287,604,635
FINANCIALS - 5.4%
 
 
 
Banks - 1.6%
 
 
 
East West Bancorp, Inc.
 
116,400
8,299,320
Glacier Bancorp, Inc.
 
242,153
11,080,921
Independent Bank Group, Inc.
 
125,600
8,515,680
Metropolitan Bank Holding Corp. (a)
 
63,400
5,645,770
PacWest Bancorp
 
391,058
12,861,898
Pinnacle Financial Partners, Inc.
 
167,500
12,989,625
Signature Bank
 
46,045
11,154,401
Silvergate Capital Corp. (a)
 
87,267
10,206,748
Starling Bank Ltd. Series D (a)(d)(e)
 
1,942,800
5,760,532
 
 
 
86,514,895
Capital Markets - 1.7%
 
 
 
Impax Asset Management Group PLC
 
654,400
7,077,152
Lazard Ltd. Class A
 
382,919
12,548,256
LPL Financial
 
131,909
24,781,744
Morningstar, Inc.
 
40,961
10,372,554
Perella Weinberg Partners (d)
 
2,039,500
15,724,545
StepStone Group, Inc. Class A (b)
 
603,926
15,472,584
StoneX Group, Inc. (a)
 
98,946
6,706,560
 
 
 
92,683,395
Insurance - 1.6%
 
 
 
American Financial Group, Inc.
 
205,662
28,480,074
Assurant, Inc.
 
174,036
31,653,668
BRP Group, Inc. (a)(b)
 
1,128,337
26,087,151
 
 
 
86,220,893
Thrifts & Mortgage Finance - 0.5%
 
 
 
Walker & Dunlop, Inc.
 
198,600
23,784,336
TOTAL FINANCIALS
 
 
289,203,519
HEALTH CARE - 23.3%
 
 
 
Biotechnology - 7.7%
 
 
 
4D Molecular Therapeutics, Inc. (a)(b)
 
307,190
3,658,633
ADC Therapeutics SA (a)
 
214,727
2,527,337
Agios Pharmaceuticals, Inc. (a)
 
112,540
2,472,504
ALX Oncology Holdings, Inc. (a)(b)
 
805,077
10,288,884
Argenx SE ADR (a)
 
93,082
26,744,320
Ascendis Pharma A/S sponsored ADR (a)
 
228,796
20,882,211
Avid Bioservices, Inc. (a)
 
389,084
5,237,071
Bicycle Therapeutics PLC ADR (a)
 
173,400
4,071,432
Blueprint Medicines Corp. (a)
 
468,300
27,325,305
Celldex Therapeutics, Inc. (a)
 
548,666
16,761,746
Century Therapeutics, Inc.
 
437,714
5,261,322
Cyteir Therapeutics, Inc.
 
645,438
1,452,236
Cytokinetics, Inc. (a)
 
793,208
31,625,203
Erasca, Inc.
 
1,179,962
8,590,123
Exelixis, Inc. (a)
 
709,103
15,841,361
Forma Therapeutics Holdings, Inc. (a)
 
89,923
679,818
Global Blood Therapeutics, Inc. (a)
 
643,400
19,752,380
Graphite Bio, Inc.
 
455,990
1,833,080
Halozyme Therapeutics, Inc. (a)
 
354,301
14,136,610
Imago BioSciences, Inc.
 
517,100
8,454,585
Immunocore Holdings PLC ADR (a)(b)
 
323,189
10,539,193
Instil Bio, Inc. (a)
 
1,595,435
11,279,725
Janux Therapeutics, Inc.
 
432,538
4,256,174
Keros Therapeutics, Inc. (a)
 
268,993
14,259,319
Monte Rosa Therapeutics, Inc. (b)
 
645,934
7,040,681
Morphic Holding, Inc. (a)
 
371,306
11,254,285
Nuvalent, Inc. (f)
 
548,468
5,643,736
Prelude Therapeutics, Inc. (a)(b)
 
697,681
3,202,356
Protagonist Therapeutics, Inc. (a)
 
371,494
3,376,880
PTC Therapeutics, Inc. (a)
 
460,522
16,270,242
Relay Therapeutics, Inc. (a)(b)
 
1,036,948
24,710,471
Repare Therapeutics, Inc. (a)
 
620,803
6,828,833
Revolution Medicines, Inc. (a)(b)
 
27,860
556,364
Tango Therapeutics, Inc. (a)
 
499,400
3,675,584
Tenaya Therapeutics, Inc. (a)
 
817,506
7,537,405
TG Therapeutics, Inc. (a)
 
1,035,509
7,186,432
Tyra Biosciences, Inc.
 
704,408
5,261,928
United Therapeutics Corp. (a)
 
79,020
14,030,791
Vericel Corp. (a)(b)
 
299,199
8,527,172
Verve Therapeutics, Inc. (b)
 
526,396
7,853,828
Xenon Pharmaceuticals, Inc. (a)
 
350,374
9,905,073
 
 
 
410,792,633
Health Care Equipment & Supplies - 5.4%
 
 
 
Envista Holdings Corp. (a)
 
847,002
33,558,219
Figs, Inc. Class A (a)(b)
 
4,739,661
74,223,091
Globus Medical, Inc. (a)
 
262,561
17,386,789
Insulet Corp. (a)
 
298,106
71,244,353
Integer Holdings Corp. (a)
 
322,599
24,249,767
Lantheus Holdings, Inc. (a)
 
213,305
14,165,585
LivaNova PLC (a)
 
267,600
20,514,216
Minerva Surgical, Inc.
 
768,395
1,859,516
NeuroPace, Inc. (a)(b)
 
1,170,605
9,411,664
TransMedics Group, Inc. (a)
 
561,520
11,769,459
ViewRay, Inc. (a)
 
2,245,096
5,994,406
 
 
 
284,377,065
Health Care Providers & Services - 6.2%
 
 
 
Acadia Healthcare Co., Inc. (a)
 
712,088
48,336,533
agilon health, Inc. (a)
 
1,757,900
31,237,883
Molina Healthcare, Inc. (a)
 
155,408
48,712,638
Option Care Health, Inc. (a)
 
1,415,004
42,280,320
Owens & Minor, Inc.
 
727,115
25,805,311
R1 RCM, Inc. (a)
 
1,747,230
39,347,620
Surgery Partners, Inc. (a)
 
913,181
46,718,340
Tenet Healthcare Corp. (a)
 
436,700
31,665,117
The Ensign Group, Inc.
 
131,900
10,595,527
The Joint Corp. (a)
 
168,688
5,148,358
 
 
 
329,847,647
Health Care Technology - 2.0%
 
 
 
Doximity, Inc. (b)
 
281,300
11,215,431
Evolent Health, Inc. (a)
 
1,101,002
30,299,575
Health Catalyst, Inc. (a)
 
255,588
4,252,984
Inspire Medical Systems, Inc. (a)
 
208,116
42,821,948
OptimizeRx Corp. (a)(b)
 
187,200
5,262,192
Phreesia, Inc. (a)
 
348,517
7,974,069
Schrodinger, Inc. (a)(b)
 
223,274
5,519,333
 
 
 
107,345,532
Life Sciences Tools & Services - 1.0%
 
 
 
Absci Corp. (b)
 
840,055
4,964,725
Olink Holding AB ADR (a)(b)
 
881,062
12,757,778
Syneos Health, Inc. (a)
 
374,186
27,349,255
Veterinary Emergency Group LLC Class A (d)(e)(g)
 
190,561
9,980,404
 
 
 
55,052,162
Pharmaceuticals - 1.0%
 
 
 
Arvinas Holding Co. LLC (a)
 
287,915
15,826,688
DICE Therapeutics, Inc.
 
432,689
8,792,240
Edgewise Therapeutics, Inc. (a)
 
801,988
6,399,864
Ikena Oncology, Inc. (a)
 
702,102
2,724,156
NGM Biopharmaceuticals, Inc. (a)
 
371,200
4,632,576
Pharvaris BV (a)(b)
 
702,425
11,941,225
 
 
 
50,316,749
TOTAL HEALTH CARE
 
 
1,237,731,788
INDUSTRIALS - 18.3%
 
 
 
Aerospace & Defense - 2.1%
 
 
 
AeroVironment, Inc. (a)(b)
 
163,377
13,122,441
BWX Technologies, Inc.
 
402,177
20,881,030
Curtiss-Wright Corp.
 
293,100
41,886,921
Dassault Aviation SA
 
77,500
13,004,895
Maxar Technologies, Inc.
 
232,300
7,482,383
Triumph Group, Inc. (a)
 
698,000
15,732,920
 
 
 
112,110,590
Air Freight & Logistics - 0.6%
 
 
 
Air Transport Services Group, Inc. (a)
 
587,307
18,382,709
Hub Group, Inc. Class A (a)
 
179,819
12,076,644
 
 
 
30,459,353
Building Products - 1.5%
 
 
 
Builders FirstSource, Inc. (a)
 
516,013
31,770,920
The AZEK Co., Inc. (a)
 
958,451
20,357,499
UFP Industries, Inc.
 
370,538
28,668,525
 
 
 
80,796,944
Commercial Services & Supplies - 0.7%
 
 
 
Driven Brands Holdings, Inc. (a)
 
770,805
21,497,751
HNI Corp.
 
397,100
14,152,644
 
 
 
35,650,395
Construction & Engineering - 2.1%
 
 
 
NV5 Global, Inc. (a)
 
105,700
12,662,860
Valmont Industries, Inc.
 
87,200
21,696,232
Willscot Mobile Mini Holdings (a)
 
2,266,812
79,565,101
 
 
 
113,924,193
Electrical Equipment - 1.7%
 
 
 
Acuity Brands, Inc.
 
114,889
19,816,055
Array Technologies, Inc. (a)(b)
 
1,965,500
12,834,715
nVent Electric PLC
 
820,600
27,719,868
Regal Rexnord Corp.
 
249,025
31,685,941
 
 
 
92,056,579
Machinery - 1.8%
 
 
 
Chart Industries, Inc. (a)(b)
 
70,000
11,817,400
Crane Co.
 
443,784
42,705,334
ITT, Inc.
 
229,787
16,135,643
Mueller Industries, Inc.
 
444,982
24,095,775
 
 
 
94,754,152
Marine - 0.4%
 
 
 
Kirby Corp. (a)
 
311,600
20,316,320
Professional Services - 5.3%
 
 
 
Alight, Inc. Class A (a)
 
2,313,175
19,870,173
ASGN, Inc. (a)
 
532,255
60,384,330
CACI International, Inc. Class A (a)
 
299,754
79,524,736
First Advantage Corp.
 
355,658
6,174,223
FTI Consulting, Inc. (a)
 
128,647
20,288,918
KBR, Inc.
 
1,662,344
81,837,195
Korn Ferry
 
177,651
10,914,877
TriNet Group, Inc. (a)
 
39,255
3,481,919
 
 
 
282,476,371
Trading Companies & Distributors - 2.1%
 
 
 
Applied Industrial Technologies, Inc. (b)
 
384,052
40,206,404
Beacon Roofing Supply, Inc. (a)
 
521,775
31,113,443
Custom Truck One Source, Inc. Class A (a)(b)
 
2,419,923
15,898,894
Univar Solutions, Inc. (a)
 
842,900
24,545,248
 
 
 
111,763,989
TOTAL INDUSTRIALS
 
 
974,308,886
INFORMATION TECHNOLOGY - 17.3%
 
 
 
Communications Equipment - 0.5%
 
 
 
Lumentum Holdings, Inc. (a)(b)
 
357,800
29,056,938
Electronic Equipment & Components - 2.2%
 
 
 
Fabrinet (a)
 
504,693
49,555,806
Insight Enterprises, Inc. (a)
 
181,100
17,995,907
TD SYNNEX Corp.
 
373,533
37,386,918
Vontier Corp.
 
564,400
14,459,928
 
 
 
119,398,559
IT Services - 2.3%
 
 
 
Concentrix Corp.
 
251,059
39,536,771
Digitalocean Holdings, Inc. (a)
 
302,395
11,923,435
Dlocal Ltd.
 
103,418
2,344,486
ExlService Holdings, Inc. (a)
 
30,144
4,104,106
Flywire Corp. (a)
 
208,382
6,357,735
Genpact Ltd.
 
429,635
17,301,401
Perficient, Inc. (a)
 
123,778
12,304,771
Verra Mobility Corp. (a)
 
1,945,596
27,296,712
 
 
 
121,169,417
Semiconductors & Semiconductor Equipment - 3.0%
 
 
 
AEHR Test Systems (a)(b)
 
607,844
4,668,242
Cirrus Logic, Inc. (a)
 
356,875
27,051,125
eMemory Technology, Inc.
 
278,000
11,690,029
MACOM Technology Solutions Holdings, Inc. (a)
 
505,700
25,765,415
Nova Ltd. (a)
 
316,422
31,202,373
SiTime Corp. (a)
 
340,115
57,333,186
 
 
 
157,710,370
Software - 7.9%
 
 
 
Alkami Technology, Inc. (a)(b)
 
896,332
11,741,949
Braze, Inc. (b)
 
196,257
7,887,569
CCC Intelligent Solutions Holdings, Inc. (d)
 
48,511
447,757
Confluent, Inc. (b)
 
291,400
9,103,336
CyberArk Software Ltd. (a)(b)
 
163,988
25,769,074
DoubleVerify Holdings, Inc. (a)
 
1,153,929
25,097,956
Dynatrace, Inc. (a)
 
965,055
37,019,510
Elastic NV (a)
 
445,884
33,949,608
Five9, Inc. (a)
 
79,265
8,727,077
GitLab, Inc. (b)
 
145,700
6,983,401
KnowBe4, Inc. (a)
 
1,862,068
44,317,218
Rapid7, Inc. (a)
 
385,798
36,851,425
Sprout Social, Inc. (a)
 
695,559
42,623,856
TECSYS, Inc.
 
710,335
14,431,747
Telos Corp. (a)
 
997,155
7,767,837
Tenable Holdings, Inc. (a)
 
1,588,707
87,744,288
WalkMe Ltd. (b)
 
691,234
10,969,884
Yext, Inc. (a)
 
2,079,896
12,042,598
 
 
 
423,476,090
Technology Hardware, Storage & Peripherals - 1.4%
 
 
 
Avid Technology, Inc. (a)(c)
 
2,273,178
72,082,474
TOTAL INFORMATION TECHNOLOGY
 
 
922,893,848
MATERIALS - 5.1%
 
 
 
Chemicals - 3.5%
 
 
 
Axalta Coating Systems Ltd. (a)
 
578,349
14,672,714
Cabot Corp. (b)
 
533,100
35,104,635
Element Solutions, Inc.
 
1,521,306
31,369,330
Huntsman Corp.
 
988,700
33,487,269
The Chemours Co. LLC
 
578,958
19,146,141
Trinseo PLC (b)
 
580,769
27,557,489
Valvoline, Inc.
 
870,028
26,300,946
 
 
 
187,638,524
Construction Materials - 0.3%
 
 
 
Eagle Materials, Inc.
 
118,326
14,591,962
Containers & Packaging - 0.2%
 
 
 
Ardagh Metal Packaging SA (d)
 
1,634,000
11,650,420
Metals & Mining - 1.1%
 
 
 
Commercial Metals Co.
 
282,800
11,594,800
Iluka Resources Ltd.
 
3,607,842
28,259,871
Lynas Rare Earths Ltd. (a)
 
2,531,151
15,883,394
 
 
 
55,738,065
TOTAL MATERIALS
 
 
269,618,971
REAL ESTATE - 1.3%
 
 
 
Equity Real Estate Investment Trusts (REITs) - 0.6%
 
 
 
Rexford Industrial Realty, Inc.
 
204,776
15,980,719
Terreno Realty Corp.
 
195,056
14,190,324
 
 
 
30,171,043
Real Estate Management & Development - 0.7%
 
 
 
Compass, Inc. (a)(b)
 
1,425,414
7,739,998
Jones Lang LaSalle, Inc. (a)
 
149,778
32,760,942
 
 
 
40,500,940
TOTAL REAL ESTATE
 
 
70,671,983
UTILITIES - 1.0%
 
 
 
Independent Power and Renewable Electricity Producers - 1.0%
 
 
 
NextEra Energy Partners LP
 
206,590
13,771,289
Sunnova Energy International, Inc. (a)(b)
 
728,192
12,575,876
Vistra Corp.
 
1,075,800
26,916,516
 
 
 
53,263,681
 
TOTAL COMMON STOCKS
 (Cost $5,144,817,392)
 
 
 
5,170,650,464
 
 
 
 
Convertible Preferred Stocks - 2.7%
 
 
Shares
Value ($)
 
COMMUNICATION SERVICES - 0.2%
 
 
 
Interactive Media & Services - 0.2%
 
 
 
Reddit, Inc. Series F (d)(e)
 
253,500
10,051,275
CONSUMER DISCRETIONARY - 0.0%
 
 
 
Textiles, Apparel & Luxury Goods - 0.0%
 
 
 
Algolia SAS Series D (d)(e)
 
53,800
1,573,384
HEALTH CARE - 0.4%
 
 
 
Biotechnology - 0.4%
 
 
 
Bright Peak Therapeutics AG Series B (d)(e)
 
1,079,522
2,482,901
Caris Life Sciences, Inc. Series D (d)(e)
 
780,603
5,198,816
LifeMine Therapeutics, Inc. Series C (d)(e)
 
2,048,403
4,171,757
Sonoma Biotherapeutics, Inc.:
 
 
 
 Series B (d)(e)
 
2,370,360
3,318,504
 Series B1 (d)(e)
 
1,264,171
1,769,839
T-Knife Therapeutics, Inc. Series B (d)(e)
 
1,097,257
3,489,277
Treeline Biosciences Series A (d)(e)
 
115,000
545,100
 
 
 
20,976,194
Health Care Providers & Services - 0.0%
 
 
 
Boundless Bio, Inc. Series B (d)(e)
 
3,017,761
2,263,321
Health Care Technology - 0.0%
 
 
 
Wugen, Inc. Series B (d)(e)
 
326,496
1,413,728
TOTAL HEALTH CARE
 
 
24,653,243
INDUSTRIALS - 1.0%
 
 
 
Construction & Engineering - 0.7%
 
 
 
Beta Technologies, Inc.:
 
 
 
 Series A (d)(e)
 
278,129
28,694,569
 Series B, 6.00% (d)(e)
 
85,106
8,780,386
 
 
 
37,474,955
Road & Rail - 0.3%
 
 
 
Convoy, Inc. Series D (a)(d)(e)
 
913,444
15,069,908
TOTAL INDUSTRIALS
 
 
52,544,863
INFORMATION TECHNOLOGY - 1.1%
 
 
 
Communications Equipment - 0.3%
 
 
 
Astranis Space Technologies Corp. Series C (a)(d)(e)
 
557,717
17,724,246
IT Services - 0.4%
 
 
 
Yanka Industries, Inc.:
 
 
 
 Series E (a)(d)(e)
 
869,641
18,149,408
 Series F (d)(e)
 
127,716
2,665,433
 
 
 
20,814,841
Software - 0.4%
 
 
 
Mountain Digital, Inc. Series D (d)(e)
 
729,676
16,757,228
Skyryse, Inc. Series B (d)(e)
 
62,100
1,532,626
 
 
 
18,289,854
TOTAL INFORMATION TECHNOLOGY
 
 
56,828,941
 
TOTAL CONVERTIBLE PREFERRED STOCKS
 (Cost $140,835,839)
 
 
 
145,651,706
 
 
 
 
Money Market Funds - 7.6%
 
 
Shares
Value ($)
 
Fidelity Cash Central Fund 0.32% (h)
 
193
193
Fidelity Securities Lending Cash Central Fund 0.32% (h)(i)
 
401,750,973
401,791,149
 
TOTAL MONEY MARKET FUNDS
 (Cost $401,791,342)
 
 
401,791,342
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 107.4%
 (Cost $5,687,444,573)
 
 
 
5,718,093,512
NET OTHER ASSETS (LIABILITIES) - (7.4)%  
(392,843,193)
NET ASSETS - 100.0%
5,325,250,319
 
 
Legend
 
(a)
Non-income producing
 
(b)
Security or a portion of the security is on loan at period end.
 
(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 $249,026,637 or 4.7% 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 $5,643,736 or 0.1% 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)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
 
(i)
Investment made with cash collateral received from securities on loan.
 
 
 
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
BARK, Inc.
12/17/20
11,952,000
Beta Technologies, Inc. Series A
4/09/21
20,378,512
Beta Technologies, Inc. Series B, 6.00%
4/04/22
8,780,386
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
LifeMine Therapeutics, Inc. Series C
2/15/22
4,171,757
Mountain Digital, Inc. Series D
11/05/21
16,757,228
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 - 4/05/22
3,728,430
T-Knife Therapeutics, Inc. Series B
6/30/21
6,329,856
Treeline Biosciences Series A
7/30/21
900,163
Veterinary Emergency Group LLC Class A
9/16/21 - 3/17/22
9,331,066
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 0.32%
26,240,913
1,930,813,665
1,957,054,385
29,545
-
-
193
0.0%
Fidelity Securities Lending Cash Central Fund 0.32%
318,547,474
1,613,876,310
1,530,632,635
2,569,735
-
-
401,791,149
1.1%
Total
344,788,387
3,544,689,975
3,487,687,020
2,599,280
-
-
401,791,342
 
 
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 ($)
Avid Technology, Inc.
18,283,710
53,772,193
16,651
-
(4,102)
47,324
72,082,474
BARK, Inc.
14,024,018
12,546,364
4,730,340
-
(6,535,922)
(8,742,422)
6,561,698
BARK, Inc.
9,621,360
-
-
-
-
(5,928,192)
3,693,168
BARK, Inc. warrants 8/29/25
1,184,462
-
1,397
-
(633)
(921,464)
-
Lindblad Expeditions Holdings
57,591,585
-
7,960,711
-
(3,128,631)
9,148,275
55,650,518
Lovesac
56,334,031
4,084,597
10,950,049
-
(4,801,468)
(10,939,596)
33,727,515
ProQR Therapeutics BV
18,598,393
582,602
6,715,595
-
(17,992,361)
5,526,961
-
Total
175,637,559
70,985,756
30,374,743
-
(32,463,117)
(11,809,114)
171,715,373
 
 
 
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.
 
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.
 
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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