NPORT-EX 2 QTLY_2945_20221031.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Blue Chip Growth K6 Fund
October 31, 2022
BCFK6-NPRT1-1222
1.9884004.105
Common Stocks - 98.6%
 
 
Shares
Value ($)
 
COMMUNICATION SERVICES - 10.4%
 
 
 
Entertainment - 2.4%
 
 
 
Activision Blizzard, Inc.
 
32,921
2,396,649
Endeavor Group Holdings, Inc. (a)
 
173,188
3,782,426
Netflix, Inc. (a)
 
408,530
119,241,736
Sea Ltd. ADR (a)
 
402,120
19,977,322
Universal Music Group NV
 
354,315
6,957,137
 
 
 
152,355,270
Interactive Media & Services - 7.9%
 
 
 
Alphabet, Inc. Class A (a)
 
3,123,700
295,220,887
Meta Platforms, Inc. Class A (a)
 
1,235,109
115,062,754
Pinterest, Inc. Class A (a)
 
103,281
2,540,713
Snap, Inc. Class A (a)
 
8,303,804
82,290,698
Tencent Holdings Ltd. sponsored ADR
 
79,100
2,078,748
 
 
 
497,193,800
Wireless Telecommunication Services - 0.1%
 
 
 
T-Mobile U.S., Inc. (a)
 
44,475
6,740,631
TOTAL COMMUNICATION SERVICES
 
 
656,289,701
CONSUMER DISCRETIONARY - 29.7%
 
 
 
Automobiles - 4.4%
 
 
 
General Motors Co.
 
126,528
4,966,224
Neutron Holdings, Inc. (a)(b)(c)
 
491,550
11,846
Rad Power Bikes, Inc. (a)(b)(c)
 
101,681
418,926
Rivian Automotive, Inc. (d)
 
617,881
21,607,299
Tesla, Inc. (a)
 
1,100,511
250,410,273
 
 
 
277,414,568
Hotels, Restaurants & Leisure - 4.0%
 
 
 
Airbnb, Inc. Class A (a)
 
634,963
67,883,894
Caesars Entertainment, Inc. (a)
 
738,536
32,296,179
Chipotle Mexican Grill, Inc. (a)
 
19,194
28,758,946
Hilton Worldwide Holdings, Inc.
 
182,235
24,649,106
Marriott International, Inc. Class A
 
239,829
38,399,021
Penn Entertainment, Inc. (a)
 
1,290,402
42,712,306
Sonder Holdings, Inc.:
 
 
 
 rights (a)(c)
 
1,448
1,028
 rights (a)(c)
 
1,447
868
 rights (a)(c)
 
1,447
752
 rights (a)(c)
 
1,447
651
 rights (a)(c)
 
1,447
564
 rights (a)(c)
 
1,447
506
Sweetgreen, Inc. Class A
 
1,015,184
18,882,422
 
 
 
253,586,243
Internet & Direct Marketing Retail - 10.1%
 
 
 
Alibaba Group Holding Ltd. sponsored ADR (a)
 
261,660
16,636,343
Amazon.com, Inc. (a)
 
3,957,140
405,369,422
Deliveroo PLC Class A (a)(e)
 
1,163,078
1,162,556
FSN E-Commerce Ventures Private Ltd. (a)(b)
 
629,400
8,677,041
JD.com, Inc.:
 
 
 
 Class A
 
22,169
403,709
 sponsored ADR
 
341,895
12,749,265
Lyft, Inc. (a)
 
3,422,907
50,111,358
Pinduoduo, Inc. ADR (a)
 
451,007
24,728,714
Uber Technologies, Inc. (a)
 
4,233,940
112,495,786
Wayfair LLC Class A (a)
 
193,548
7,339,340
 
 
 
639,673,534
Multiline Retail - 1.4%
 
 
 
Dollar Tree, Inc. (a)
 
429,098
68,012,033
Ollie's Bargain Outlet Holdings, Inc. (a)
 
150,155
8,408,680
Target Corp.
 
54,984
9,031,122
 
 
 
85,451,835
Specialty Retail - 5.3%
 
 
 
American Eagle Outfitters, Inc. (d)
 
2,056,638
23,363,408
Bath & Body Works, Inc.
 
58,600
1,956,068
Burlington Stores, Inc. (a)
 
59,178
8,460,087
Carvana Co. Class A (a)(d)
 
338,624
4,581,583
Fanatics, Inc. Class A (a)(b)(c)
 
225,366
17,166,128
Five Below, Inc. (a)
 
246,310
36,047,469
Floor & Decor Holdings, Inc. Class A (a)(d)
 
124,719
9,150,633
Lowe's Companies, Inc.
 
643,821
125,512,904
RH (a)
 
130,292
33,085,048
TJX Companies, Inc.
 
632,085
45,573,329
Victoria's Secret & Co. (a)
 
475,259
17,869,738
Warby Parker, Inc. (a)(d)
 
753,720
12,097,206
 
 
 
334,863,601
Textiles, Apparel & Luxury Goods - 4.5%
 
 
 
Capri Holdings Ltd. (a)
 
762,123
34,813,779
Crocs, Inc. (a)
 
492,621
34,852,936
Deckers Outdoor Corp. (a)
 
134,560
47,086,581
Hermes International SCA
 
2,022
2,618,696
lululemon athletica, Inc. (a)
 
246,420
81,082,037
LVMH Moet Hennessy Louis Vuitton SE
 
21,856
13,791,024
NIKE, Inc. Class B
 
658,991
61,075,286
On Holding AG (a)
 
463,572
8,154,231
 
 
 
283,474,570
TOTAL CONSUMER DISCRETIONARY
 
 
1,874,464,351
CONSUMER STAPLES - 1.4%
 
 
 
Beverages - 1.2%
 
 
 
Boston Beer Co., Inc. Class A (a)
 
29,488
11,007,576
Celsius Holdings, Inc. (a)(d)
 
678,454
61,793,590
Constellation Brands, Inc. Class A (sub. vtg.)
 
12,483
3,084,300
 
 
 
75,885,466
Food & Staples Retailing - 0.1%
 
 
 
Albertsons Companies, Inc.
 
121,686
2,495,780
Blink Health LLC Series A1 (a)(b)(c)
 
5,757
222,681
Costco Wholesale Corp.
 
1,319
661,479
 
 
 
3,379,940
Food Products - 0.0%
 
 
 
Sovos Brands, Inc. (a)
 
10,653
147,651
The Real Good Food Co. LLC:
 
 
 
 Class B (c)
 
139,521
1
 Class B unit (e)
 
139,521
933,395
The Real Good Food Co., Inc.
 
8,791
58,812
 
 
 
1,139,859
Household Products - 0.1%
 
 
 
Procter & Gamble Co.
 
55,366
7,456,139
Tobacco - 0.0%
 
 
 
JUUL Labs, Inc. Class A (a)(b)(c)
 
23,134
129,088
TOTAL CONSUMER STAPLES
 
 
87,990,492
ENERGY - 6.0%
 
 
 
Energy Equipment & Services - 0.2%
 
 
 
Halliburton Co.
 
224,918
8,191,514
Tenaris SA sponsored ADR
 
38,596
1,212,686
 
 
 
9,404,200
Oil, Gas & Consumable Fuels - 5.8%
 
 
 
Antero Resources Corp. (a)
 
355,378
13,028,157
Cenovus Energy, Inc. (Canada)
 
341,245
6,898,291
Cheniere Energy, Inc.
 
50,962
8,990,206
Denbury, Inc. (a)
 
127,170
11,624,610
Devon Energy Corp.
 
328,997
25,447,918
Diamondback Energy, Inc.
 
232,905
36,591,705
EOG Resources, Inc.
 
296,479
40,475,313
EQT Corp.
 
71,822
3,005,032
Equinor ASA
 
69,080
2,516,842
Exxon Mobil Corp.
 
219,383
24,309,830
Hess Corp.
 
359,711
50,748,028
Marathon Oil Corp.
 
378,331
11,520,179
Northern Oil & Gas, Inc.
 
85,560
2,921,018
Occidental Petroleum Corp.
 
299,918
21,774,047
Ovintiv, Inc.
 
42,228
2,138,848
Phillips 66 Co.
 
173,199
18,062,924
Pioneer Natural Resources Co.
 
126,423
32,416,121
Range Resources Corp.
 
59,482
1,694,047
Reliance Industries Ltd.
 
747,491
23,022,506
Reliance Industries Ltd. sponsored GDR (e)
 
38,576
2,355,065
Valero Energy Corp.
 
220,022
27,623,762
 
 
 
367,164,449
TOTAL ENERGY
 
 
376,568,649
FINANCIALS - 1.1%
 
 
 
Banks - 0.4%
 
 
 
Kotak Mahindra Bank Ltd.
 
72,602
1,668,101
Wells Fargo & Co.
 
520,312
23,929,149
 
 
 
25,597,250
Consumer Finance - 0.6%
 
 
 
American Express Co.
 
271,286
40,272,407
Diversified Financial Services - 0.1%
 
 
 
Ant International Co. Ltd. Class C (a)(b)(c)
 
403,977
622,125
Berkshire Hathaway, Inc. Class B (a)
 
7,772
2,293,439
Housing Development Finance Corp. Ltd.
 
65,160
1,944,095
 
 
 
4,859,659
Insurance - 0.0%
 
 
 
The Travelers Companies, Inc.
 
2
369
TOTAL FINANCIALS
 
 
70,729,685
HEALTH CARE - 9.4%
 
 
 
Biotechnology - 1.3%
 
 
 
Alnylam Pharmaceuticals, Inc. (a)
 
117,764
24,407,767
Arcutis Biotherapeutics, Inc. (a)
 
113,747
2,011,047
Argenx SE ADR (a)
 
14,433
5,598,994
Ascendis Pharma A/S sponsored ADR (a)
 
69,424
7,983,760
Cibus Corp. Series C (a)(b)(c)(f)
 
500,651
976,269
Day One Biopharmaceuticals, Inc. (a)
 
315
6,659
Generation Bio Co. (a)
 
116,246
595,180
Immunocore Holdings PLC ADR (a)
 
118
6,743
Instil Bio, Inc. (a)
 
93,653
309,055
Karuna Therapeutics, Inc. (a)
 
27,186
5,962,977
Regeneron Pharmaceuticals, Inc. (a)
 
17,974
13,458,033
Vertex Pharmaceuticals, Inc. (a)
 
47,544
14,833,728
Verve Therapeutics, Inc. (a)
 
75,028
2,828,556
 
 
 
78,978,768
Health Care Equipment & Supplies - 1.9%
 
 
 
Axonics Modulation Technologies, Inc. (a)
 
115,905
8,477,292
Boston Scientific Corp. (a)
 
41,687
1,797,127
DexCom, Inc. (a)
 
449,845
54,332,279
Insulet Corp. (a)
 
48,522
12,557,979
Oddity Tech Ltd. (b)(c)
 
2,786
972,398
Shockwave Medical, Inc. (a)
 
138,204
40,514,503
TransMedics Group, Inc. (a)
 
17,451
841,487
 
 
 
119,493,065
Health Care Providers & Services - 2.6%
 
 
 
agilon health, Inc. (a)
 
63,038
1,251,304
Alignment Healthcare, Inc. (a)
 
150,324
1,990,290
Centene Corp. (a)
 
71,450
6,082,539
Cigna Corp.
 
13,437
4,340,957
Elevance Health, Inc.
 
6,956
3,803,332
Guardant Health, Inc. (a)
 
364,046
18,020,277
Humana, Inc.
 
4,700
2,622,976
LifeStance Health Group, Inc. (a)
 
269,303
2,033,238
Surgery Partners, Inc. (a)
 
101,685
2,764,815
UnitedHealth Group, Inc.
 
223,646
124,157,077
 
 
 
167,066,805
Health Care Technology - 0.0%
 
 
 
Certara, Inc. (a)
 
67,206
821,929
MultiPlan Corp. warrants (a)(b)
 
13,856
1,556
 
 
 
823,485
Life Sciences Tools & Services - 0.9%
 
 
 
Danaher Corp.
 
112,193
28,235,612
ICON PLC (a)
 
17,974
3,555,976
Olink Holding AB ADR (a)
 
109,829
2,013,166
Seer, Inc. (a)
 
54,641
427,839
Thermo Fisher Scientific, Inc.
 
34,918
17,946,804
Veterinary Emergency Group LLC Class A (a)(b)(c)(f)
 
62,379
3,962,314
 
 
 
56,141,711
Pharmaceuticals - 2.7%
 
 
 
Eli Lilly & Co.
 
323,437
117,113,303
Roche Holding AG (participation certificate)
 
8,462
2,807,676
Zoetis, Inc. Class A
 
354,259
53,415,172
 
 
 
173,336,151
TOTAL HEALTH CARE
 
 
595,839,985
INDUSTRIALS - 1.8%
 
 
 
Aerospace & Defense - 0.9%
 
 
 
Airbus Group NV
 
48,152
5,210,228
General Dynamics Corp.
 
6,687
1,670,413
Howmet Aerospace, Inc.
 
196,305
6,978,643
L3Harris Technologies, Inc.
 
22,805
5,620,748
Lockheed Martin Corp.
 
9,722
4,731,503
Northrop Grumman Corp.
 
9,588
5,263,908
Space Exploration Technologies Corp. Class A (a)(b)(c)
 
108,282
7,579,740
The Boeing Co. (a)
 
122,771
17,496,095
 
 
 
54,551,278
Air Freight & Logistics - 0.0%
 
 
 
Delhivery Private Ltd. (a)(b)
 
271,900
1,074,035
Commercial Services & Supplies - 0.0%
 
 
 
ACV Auctions, Inc. Class A (a)
 
290,701
2,651,193
Electrical Equipment - 0.3%
 
 
 
Acuity Brands, Inc.
 
114,569
21,031,431
Machinery - 0.2%
 
 
 
Deere & Co.
 
37,203
14,725,691
Road & Rail - 0.4%
 
 
 
Avis Budget Group, Inc. (a)
 
55,005
13,006,482
Bird Global, Inc. (a)(b)
 
201,367
87,434
Bird Global, Inc.:
 
 
 
 Class A (a)(d)
 
2,593,709
1,126,188
 rights (a)(c)
 
25,742
1,030
 rights (a)(c)
 
25,742
772
 rights (a)(c)
 
25,741
515
Hertz Global Holdings, Inc. (d)
 
477,906
8,793,470
 
 
 
23,015,891
TOTAL INDUSTRIALS
 
 
117,049,519
INFORMATION TECHNOLOGY - 37.3%
 
 
 
Electronic Equipment & Components - 0.0%
 
 
 
Mobileye Global, Inc. (a)
 
57,700
1,522,126
IT Services - 2.8%
 
 
 
Adyen BV (a)(e)
 
1,014
1,447,586
Cloudflare, Inc. (a)
 
16,023
902,415
MasterCard, Inc. Class A
 
275,838
90,524,515
MongoDB, Inc. Class A (a)
 
37,148
6,799,198
Okta, Inc. (a)
 
328,116
18,413,870
PayPal Holdings, Inc. (a)
 
111,864
9,349,593
Snowflake, Inc. (a)
 
44,431
7,122,289
Twilio, Inc. Class A (a)
 
374,721
27,868,001
Visa, Inc. Class A
 
70,346
14,572,877
X Holdings I, Inc. (b)(c)
 
2,471
2,471,000
 
 
 
179,471,344
Semiconductors & Semiconductor Equipment - 12.5%
 
 
 
Advanced Micro Devices, Inc. (a)
 
680,421
40,866,085
ASML Holding NV
 
16,110
7,610,686
Cirrus Logic, Inc. (a)
 
117,151
7,863,175
GlobalFoundries, Inc.
 
709,001
40,200,357
Lam Research Corp.
 
30,453
12,326,765
Marvell Technology, Inc.
 
5,162,736
204,857,364
Monolithic Power Systems, Inc.
 
35,804
12,153,668
NVIDIA Corp.
 
2,137,120
288,447,086
NXP Semiconductors NV
 
687,526
100,433,798
onsemi (a)
 
602,121
36,988,293
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR
 
188,286
11,589,003
Teradyne, Inc.
 
290,795
23,656,173
Wolfspeed, Inc. (a)
 
3,247
255,701
 
 
 
787,248,154
Software - 10.5%
 
 
 
Atlassian Corp. PLC (a)
 
12,789
2,592,714
Bill.Com Holdings, Inc. (a)
 
71,365
9,517,236
Coupa Software, Inc. (a)
 
110,350
5,873,931
Crowdstrike Holdings, Inc. (a)
 
84,968
13,696,842
Datadog, Inc. Class A (a)
 
96,114
7,738,138
Elastic NV (a)
 
44,025
2,815,399
Epic Games, Inc. (a)(b)(c)
 
607
540,188
HubSpot, Inc. (a)
 
80,839
23,973,614
Intuit, Inc.
 
83,507
35,699,243
Microsoft Corp.
 
1,821,808
422,896,291
Oracle Corp.
 
17,200
1,342,804
Paycom Software, Inc. (a)
 
27,970
9,677,620
Pine Labs Private Ltd. (a)(b)(c)
 
1,109
556,485
Salesforce.com, Inc. (a)
 
558,335
90,779,688
ServiceNow, Inc. (a)
 
41,560
17,485,954
Splunk, Inc. (a)
 
81,700
6,790,087
Stripe, Inc. Class B (a)(b)(c)
 
19,200
457,152
Zoom Video Communications, Inc. Class A (a)
 
122,956
10,259,449
 
 
 
662,692,835
Technology Hardware, Storage & Peripherals - 11.5%
 
 
 
Apple, Inc.
 
4,724,365
724,434,124
TOTAL INFORMATION TECHNOLOGY
 
 
2,355,368,583
MATERIALS - 1.4%
 
 
 
Chemicals - 0.9%
 
 
 
CF Industries Holdings, Inc.
 
152,941
16,251,511
Nutrien Ltd. (d)
 
228,065
19,270,057
The Mosaic Co.
 
353,376
18,993,960
 
 
 
54,515,528
Metals & Mining - 0.5%
 
 
 
Freeport-McMoRan, Inc.
 
1,005,784
31,873,295
TOTAL MATERIALS
 
 
86,388,823
REAL ESTATE - 0.1%
 
 
 
Equity Real Estate Investment Trusts (REITs) - 0.0%
 
 
 
Welltower Op
 
8,036
490,517
Real Estate Management & Development - 0.1%
 
 
 
WeWork, Inc. (a)(d)
 
2,274,928
5,846,565
TOTAL REAL ESTATE
 
 
6,337,082
UTILITIES - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
ORSTED A/S (e)
 
15,966
1,317,287
 
TOTAL COMMON STOCKS
 (Cost $5,552,863,237)
 
 
 
6,228,344,157
 
 
 
 
Preferred Stocks - 1.3%
 
 
Shares
Value ($)
 
Convertible Preferred Stocks - 1.1%
 
 
 
COMMUNICATION SERVICES - 0.1%
 
 
 
Interactive Media & Services - 0.1%
 
 
 
Reddit, Inc.:
 
 
 
  Series E(a)(b)(c)
 
4,835
187,453
  Series F(a)(b)(c)
 
51,156
1,983,318
 
 
 
2,170,771
CONSUMER DISCRETIONARY - 0.2%
 
 
 
Automobiles - 0.0%
 
 
 
Rad Power Bikes, Inc.:
 
 
 
  Series A(a)(b)(c)
 
13,256
54,615
  Series C(a)(b)(c)
 
52,162
214,907
  Series D(a)(b)(c)
 
102,800
423,536
 
 
 
693,058
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Discord, Inc. Series I (a)(b)(c)
 
700
248,479
 
 
 
 
Internet & Direct Marketing Retail - 0.1%
 
 
 
GoBrands, Inc.:
 
 
 
  Series G(a)(b)(c)
 
18,300
3,365,553
  Series H(a)(b)(c)
 
11,467
2,108,896
Instacart, Inc.:
 
 
 
  Series H(a)(b)(c)
 
27,205
1,009,306
  Series I(a)(b)(c)
 
13,064
484,674
 
 
 
6,968,429
Textiles, Apparel & Luxury Goods - 0.1%
 
 
 
Algolia SAS Series D (a)(b)(c)
 
30,436
476,932
CelLink Corp. Series D (b)(c)
 
92,760
1,396,966
 
 
 
1,873,898
TOTAL CONSUMER DISCRETIONARY
 
 
9,783,864
 
 
 
 
CONSUMER STAPLES - 0.0%
 
 
 
Food & Staples Retailing - 0.0%
 
 
 
Blink Health LLC Series C (a)(b)(c)
 
16,970
656,400
 
 
 
 
Food Products - 0.0%
 
 
 
AgBiome LLC Series C (a)(b)(c)
 
68,700
450,672
Bowery Farming, Inc. Series C1 (a)(b)(c)
 
17,874
459,541
 
 
 
910,213
Tobacco - 0.0%
 
 
 
JUUL Labs, Inc. Series E (a)(b)(c)
 
12,508
69,795
 
 
 
 
TOTAL CONSUMER STAPLES
 
 
1,636,408
 
 
 
 
INDUSTRIALS - 0.2%
 
 
 
Aerospace & Defense - 0.2%
 
 
 
ABL Space Systems:
 
 
 
  Series B(a)(b)(c)
 
29,724
1,497,198
  Series B2(b)(c)
 
17,155
864,097
Relativity Space, Inc. Series E (a)(b)(c)
 
276,014
5,487,158
Space Exploration Technologies Corp. Series N (a)(b)(c)
 
8,141
5,698,700
 
 
 
13,547,153
Construction & Engineering - 0.0%
 
 
 
Beta Technologies, Inc. Series A (a)(b)(c)
 
11,104
915,192
 
 
 
 
TOTAL INDUSTRIALS
 
 
14,462,345
 
 
 
 
INFORMATION TECHNOLOGY - 0.5%
 
 
 
Communications Equipment - 0.1%
 
 
 
Meesho Series F (a)(b)(c)
 
63,600
4,181,064
Xsight Labs Ltd. Series D (a)(b)(c)
 
130,900
878,339
 
 
 
5,059,403
Electronic Equipment & Components - 0.0%
 
 
 
Enevate Corp. Series E (a)(b)(c)
 
1,325,513
1,140,259
Menlo Micro, Inc. Series C (b)(c)
 
560,500
456,471
 
 
 
1,596,730
IT Services - 0.1%
 
 
 
ByteDance Ltd. Series E1 (a)(b)(c)
 
31,950
5,016,789
Yanka Industries, Inc. Series F (a)(b)(c)
 
55,991
863,941
 
 
 
5,880,730
Semiconductors & Semiconductor Equipment - 0.1%
 
 
 
Alif Semiconductor Series C (b)(c)
 
47,598
764,424
Astera Labs, Inc.:
 
 
 
  Series A(b)(c)
 
84,721
810,780
  Series B(b)(c)
 
14,425
138,047
  Series C(a)(b)(c)
 
180,900
1,731,213
  Series D(b)(c)
 
330,609
3,163,928
GaN Systems, Inc.:
 
 
 
  Series F1(b)(c)
 
78,477
362,564
  Series F2(b)(c)
 
41,439
191,448
SiMa.ai:
 
 
 
  Series B(a)(b)(c)
 
313,000
1,884,260
  Series B1(b)(c)
 
20,966
148,439
 
 
 
9,195,103
Software - 0.2%
 
 
 
Bolt Technology OU Series E (b)(c)
 
20,165
2,463,507
Databricks, Inc.:
 
 
 
  Series G(a)(b)(c)
 
48,000
2,551,200
  Series H(a)(b)(c)
 
31,572
1,678,052
Mountain Digital, Inc. Series D (b)(c)
 
62,139
860,625
Skyryse, Inc. Series B (b)(c)
 
67,400
1,352,044
Stripe, Inc. Series H (a)(b)(c)
 
8,086
192,528
Tenstorrent, Inc. Series C1 (a)(b)(c)
 
8,600
376,250
 
 
 
9,474,206
TOTAL INFORMATION TECHNOLOGY
 
 
31,206,172
 
 
 
 
MATERIALS - 0.1%
 
 
 
Metals & Mining - 0.1%
 
 
 
Diamond Foundry, Inc. Series C (a)(b)(c)
 
249,802
7,573,997
 
 
 
 
UTILITIES - 0.0%
 
 
 
Independent Power and Renewable Electricity Producers - 0.0%
 
 
 
Redwood Materials Series C (a)(b)(c)
 
37,990
1,171,612
 
 
 
 
TOTAL CONVERTIBLE PREFERRED STOCKS
 
 
68,005,169
Nonconvertible Preferred Stocks - 0.2%
 
 
 
CONSUMER DISCRETIONARY - 0.1%
 
 
 
Automobiles - 0.0%
 
 
 
Neutron Holdings, Inc.:
 
 
 
  Series 1C(a)(b)(c)
 
3,178,083
76,592
  Series 1D(a)(b)(c)
 
5,904,173
142,291
Waymo LLC Series A2 (a)(b)(c)
 
7,817
358,175
 
 
 
577,058
Internet & Direct Marketing Retail - 0.1%
 
 
 
Circle Internet Financial Ltd. Series E (b)
 
137,547
6,744,122
 
 
 
 
TOTAL CONSUMER DISCRETIONARY
 
 
7,321,180
 
 
 
 
FINANCIALS - 0.0%
 
 
 
Diversified Financial Services - 0.0%
 
 
 
ZKH Group Ltd. Series F (c)
 
2,521,782
1,427,076
 
 
 
 
INFORMATION TECHNOLOGY - 0.1%
 
 
 
IT Services - 0.0%
 
 
 
Gupshup, Inc. (a)(b)(c)
 
78,911
1,478,792
 
 
 
 
Software - 0.1%
 
 
 
Pine Labs Private Ltd.:
 
 
 
  Series 1(a)(b)(c)
 
2,652
1,330,747
  Series A(a)(b)(c)
 
663
332,687
  Series B(a)(b)(c)
 
721
361,791
  Series B2(a)(b)(c)
 
583
292,544
  Series C(a)(b)(c)
 
1,085
544,442
  Series C1(a)(b)(c)
 
228
114,408
  Series D(a)(b)(c)
 
244
122,437
 
 
 
3,099,056
TOTAL INFORMATION TECHNOLOGY
 
 
4,577,848
 
 
 
 
TOTAL NONCONVERTIBLE PREFERRED STOCKS
 
 
13,326,104
 
TOTAL PREFERRED STOCKS
 (Cost $89,192,887)
 
 
 
81,331,273
 
 
 
 
Convertible Bonds - 0.1%
 
 
Principal
Amount (g)
 
Value ($)
 
CONSUMER DISCRETIONARY - 0.1%
 
 
 
Automobiles - 0.1%
 
 
 
Neutron Holdings, Inc.:
 
 
 
 4% 10/27/25 (b)(c)(h)
 
2,430,300
2,134,776
 4% 5/22/27 (b)(c)
 
237,400
229,447
 4% 6/12/27 (b)(c)
 
64,200
62,049
(Cost $2,731,900)
 
 
2,426,272
 
 
 
 
Preferred Securities - 0.0%
 
 
Principal
Amount (g)
 
Value ($)
 
INFORMATION TECHNOLOGY - 0.0%
 
 
 
Electronic Equipment & Components - 0.0%
 
 
 
Enevate Corp. 0% 1/29/23 (b)(c)
 
564,345
564,345
Semiconductors & Semiconductor Equipment - 0.0%
 
 
 
GaN Systems, Inc. 0% (b)(c)(i)
 
1,839,388
1,003,202
Software - 0.0%
 
 
 
Tenstorrent, Inc. 0% (b)(c)(i)
 
480,000
480,000
 
TOTAL PREFERRED SECURITIES
 (Cost $2,883,733)
 
 
 
2,047,547
 
 
 
 
Money Market Funds - 1.9%
 
 
Shares
Value ($)
 
Fidelity Cash Central Fund 3.10% (j)
 
8,370,023
8,371,697
Fidelity Securities Lending Cash Central Fund 3.10% (j)(k)
 
112,129,009
112,140,222
 
TOTAL MONEY MARKET FUNDS
 (Cost $120,511,919)
 
 
120,511,919
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 101.9%
 (Cost $5,768,183,676)
 
 
 
6,434,661,168
NET OTHER ASSETS (LIABILITIES) - (1.9)%  
(117,663,125)
NET ASSETS - 100.0%
6,316,998,043
 
 
Legend
 
(a)
Non-income producing
 
(b)
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 $130,304,422 or 2.1% of net assets.
 
(c)
Level 3 security
 
(d)
Security or a portion of the security is on loan at period end.
 
(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 $7,215,889 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 at one coupon which converts to a higher coupon at a specified 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 A
5/17/22
861,570
 
 
 
Astera Labs, Inc. Series B
5/17/22
146,695
 
 
 
Astera Labs, Inc. Series C
8/24/21
608,150
 
 
 
Astera Labs, Inc. Series D
5/17/22 - 5/27/22
3,362,128
 
 
 
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 - 10/24/22
10,009,624
 
 
 
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
 
 
 
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. 4% 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
 
 
 
Oddity Tech Ltd.
1/06/22
1,199,122
 
 
 
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 - 5/24/22
6,963,718
 
 
 
Space Exploration Technologies Corp. Series N
8/04/20
2,198,070
 
 
 
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
2,587,644
 
 
 
Waymo LLC Series A2
5/08/20
671,224
 
 
 
X Holdings I, Inc.
10/25/22
2,471,000
 
 
 
Xsight Labs Ltd. Series D
2/16/21
1,046,676
 
 
 
Yanka Industries, Inc. Series F
4/08/21
1,784,814
 
 
 
 
 
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 3.10%
91,389,124
213,718,920
296,736,347
651,915
-
-
8,371,697
0.0%
Fidelity Securities Lending Cash Central Fund 3.10%
84,008,097
185,034,014
156,901,889
183,494
-
-
112,140,222
0.3%
Total
175,397,221
398,752,934
453,638,236
835,409
-
-
120,511,919
 
 
 
 
 
 
 
 
 
 
Amounts in the income column in the above table include any capital gain distributions from underlying funds.
 
Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.
 
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services 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 the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.   
 
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 service 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 services or from brokers who make markets in such securities. Convertible Bonds and Preferred Securities are valued by pricing services 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 services. 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.
 
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