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Smith Stacie M. Smith Stacie M. Smith President and Treasurer XXXX NPORT-EX 2 QTLY_2611_20221031.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Series Blue Chip Growth Fund
October 31, 2022
XS1-NPRT1-1222
1.967991.108
Common Stocks - 94.2%
 
 
Shares
Value ($)
 
COMMUNICATION SERVICES - 10.0%
 
 
 
Entertainment - 2.3%
 
 
 
Activision Blizzard, Inc.
 
36,000
2,620,800
Endeavor Group Holdings, Inc. (a)
 
376,788
8,229,050
Netflix, Inc. (a)
 
422,924
123,443,057
Sea Ltd. ADR (a)
 
375,231
18,641,476
Universal Music Group NV
 
333,476
6,547,953
 
 
 
159,482,336
Interactive Media & Services - 7.6%
 
 
 
Alphabet, Inc. Class A (a)
 
3,471,960
328,134,940
Meta Platforms, Inc. Class A (a)
 
1,171,010
109,091,292
Pinterest, Inc. Class A (a)
 
106,400
2,617,440
Snap, Inc. Class A (a)
 
9,154,966
90,725,713
Tencent Holdings Ltd. sponsored ADR (b)
 
84,000
2,207,520
 
 
 
532,776,905
Wireless Telecommunication Services - 0.1%
 
 
 
T-Mobile U.S., Inc. (a)
 
44,700
6,774,732
TOTAL COMMUNICATION SERVICES
 
 
699,033,973
CONSUMER DISCRETIONARY - 29.9%
 
 
 
Automobiles - 4.5%
 
 
 
General Motors Co.
 
129,800
5,094,650
Neutron Holdings, Inc. (a)(c)(d)
 
691,699
16,670
Rad Power Bikes, Inc. (a)(c)(d)
 
110,210
454,065
Rivian Automotive, Inc. (b)
 
561,795
19,645,971
Tesla, Inc. (a)
 
1,258,505
286,360,228
 
 
 
311,571,584
Hotels, Restaurants & Leisure - 3.7%
 
 
 
Airbnb, Inc. Class A (a)
 
670,100
71,640,391
Caesars Entertainment, Inc. (a)
 
764,847
33,446,759
Chipotle Mexican Grill, Inc. (a)
 
17,742
26,583,371
Hilton Worldwide Holdings, Inc.
 
188,100
25,442,406
Marriott International, Inc. Class A
 
252,100
40,363,731
Penn Entertainment, Inc. (a)
 
1,323,567
43,810,068
Sweetgreen, Inc. Class A
 
1,116,759
20,771,717
 
 
 
262,058,443
Internet & Direct Marketing Retail - 10.4%
 
 
 
Alibaba Group Holding Ltd. sponsored ADR (a)
 
278,100
17,681,598
Amazon.com, Inc. (a)
 
4,752,600
486,856,344
Deliveroo PLC Class A (a)(e)
 
400,600
400,420
FSN E-Commerce Ventures Private Ltd. (a)(c)
 
818,460
11,283,462
JD.com, Inc.:
 
 
 
 Class A
 
5,328
97,026
 sponsored ADR
 
373,500
13,927,815
Lyft, Inc. (a)
 
3,270,807
47,884,614
Pinduoduo, Inc. ADR (a)
 
480,300
26,334,849
Uber Technologies, Inc. (a)
 
4,347,375
115,509,754
Wayfair LLC Class A (a)
 
217,820
8,259,734
 
 
 
728,235,616
Multiline Retail - 1.2%
 
 
 
Dollar Tree, Inc. (a)
 
449,800
71,293,300
Ollie's Bargain Outlet Holdings, Inc. (a)
 
85,700
4,799,200
Target Corp.
 
54,500
8,951,625
 
 
 
85,044,125
Specialty Retail - 4.8%
 
 
 
American Eagle Outfitters, Inc.
 
2,173,621
24,692,335
Bath & Body Works, Inc.
 
64,900
2,166,362
Burlington Stores, Inc. (a)
 
46,693
6,675,231
Carvana Co. Class A (a)(b)
 
299,610
4,053,723
Fanatics, Inc. Class A (a)(c)(d)
 
159,285
12,132,738
Five Below, Inc. (a)
 
256,584
37,551,068
Floor & Decor Holdings, Inc. Class A (a)
 
97,540
7,156,510
Lowe's Companies, Inc.
 
658,106
128,297,765
RH (a)
 
150,004
38,090,516
TJX Companies, Inc.
 
665,100
47,953,710
Victoria's Secret & Co. (a)
 
466,727
17,548,935
Warby Parker, Inc. (a)
 
776,379
12,460,883
 
 
 
338,779,776
Textiles, Apparel & Luxury Goods - 5.3%
 
 
 
Capri Holdings Ltd. (a)
 
817,700
37,352,536
Crocs, Inc. (a)
 
519,284
36,739,343
Deckers Outdoor Corp. (a)
 
90,016
31,499,299
Hermes International SCA
 
1,401
1,814,437
lululemon athletica, Inc. (a)
 
562,174
184,977,733
LVMH Moet Hennessy Louis Vuitton SE
 
22,161
13,983,478
NIKE, Inc. Class B
 
623,913
57,824,257
On Holding AG (a)
 
319,500
5,620,005
Tory Burch LLC (a)(c)(d)(f)
 
106,817
3,657,414
 
 
 
373,468,502
TOTAL CONSUMER DISCRETIONARY
 
 
2,099,158,046
CONSUMER STAPLES - 1.2%
 
 
 
Beverages - 1.1%
 
 
 
Boston Beer Co., Inc. Class A (a)
 
20,600
7,689,774
Celsius Holdings, Inc. (a)(b)
 
700,100
63,765,108
Constellation Brands, Inc. Class A (sub. vtg.)
 
17,800
4,398,024
 
 
 
75,852,906
Food & Staples Retailing - 0.0%
 
 
 
Albertsons Companies, Inc.
 
66,500
1,363,915
Blink Health LLC Series A1 (a)(c)(d)
 
6,283
243,026
Costco Wholesale Corp.
 
1,300
651,950
 
 
 
2,258,891
Food Products - 0.0%
 
 
 
Sovos Brands, Inc. (a)
 
10,900
151,074
The Real Good Food Co., Inc.
 
5,400
36,126
 
 
 
187,200
Household Products - 0.1%
 
 
 
Procter & Gamble Co.
 
52,100
7,016,307
Tobacco - 0.0%
 
 
 
JUUL Labs, Inc. Class B (a)(c)(d)
 
2,450
13,671
TOTAL CONSUMER STAPLES
 
 
85,328,975
ENERGY - 5.4%
 
 
 
Energy Equipment & Services - 0.1%
 
 
 
Halliburton Co.
 
142,300
5,182,566
Tenaris SA sponsored ADR
 
37,500
1,178,250
 
 
 
6,360,816
Oil, Gas & Consumable Fuels - 5.3%
 
 
 
Antero Resources Corp. (a)
 
285,100
10,451,766
Cenovus Energy, Inc. (Canada)
 
223,200
4,512,004
Cheniere Energy, Inc.
 
35,700
6,297,837
Denbury, Inc. (a)
 
78,600
7,184,826
Devon Energy Corp.
 
350,600
27,118,910
Diamondback Energy, Inc.
 
246,000
38,649,060
EOG Resources, Inc.
 
313,900
42,853,628
EQT Corp.
 
53,700
2,246,808
Equinor ASA
 
47,900
1,745,175
Exxon Mobil Corp.
 
232,900
25,807,649
Hess Corp.
 
375,800
53,017,864
Marathon Oil Corp.
 
413,200
12,581,940
Northern Oil & Gas, Inc.
 
78,800
2,690,232
Occidental Petroleum Corp.
 
337,400
24,495,240
Ovintiv, Inc.
 
41,600
2,107,040
Phillips 66 Co.
 
175,200
18,271,608
Pioneer Natural Resources Co.
 
135,100
34,640,991
Range Resources Corp.
 
58,700
1,671,776
Reliance Industries Ltd.
 
911,649
28,078,525
Reliance Industries Ltd. sponsored GDR (e)
 
24,800
1,514,040
Valero Energy Corp.
 
234,300
29,416,365
 
 
 
375,353,284
TOTAL ENERGY
 
 
381,714,100
FINANCIALS - 1.0%
 
 
 
Banks - 0.3%
 
 
 
Kotak Mahindra Bank Ltd.
 
118,376
2,719,802
Wells Fargo & Co.
 
416,300
19,145,637
 
 
 
21,865,439
Consumer Finance - 0.6%
 
 
 
American Express Co.
 
274,800
40,794,060
Diversified Financial Services - 0.1%
 
 
 
Ant International Co. Ltd. Class C (a)(c)(d)
 
1,568,556
2,415,576
Berkshire Hathaway, Inc. Class B (a)
 
5,300
1,563,977
 
 
 
3,979,553
TOTAL FINANCIALS
 
 
66,639,052
HEALTH CARE - 8.8%
 
 
 
Biotechnology - 1.3%
 
 
 
Alnylam Pharmaceuticals, Inc. (a)
 
98,081
20,328,268
Arcutis Biotherapeutics, Inc. (a)
 
125,300
2,215,304
Argenx SE ADR (a)
 
11,437
4,436,755
Ascendis Pharma A/S sponsored ADR (a)
 
145,496
16,732,040
Cibus Corp. Series C (a)(c)(d)(f)
 
1,376,662
2,684,491
CytomX Therapeutics, Inc. (a)(e)
 
137,854
180,589
Generation Bio Co. (a)
 
163,122
835,185
Instil Bio, Inc. (a)
 
68,800
227,040
Karuna Therapeutics, Inc. (a)
 
40,000
8,773,600
Regeneron Pharmaceuticals, Inc. (a)
 
18,900
14,151,375
Vertex Pharmaceuticals, Inc. (a)
 
51,600
16,099,200
Verve Therapeutics, Inc. (a)
 
53,200
2,005,640
 
 
 
88,669,487
Health Care Equipment & Supplies - 1.7%
 
 
 
Axonics Modulation Technologies, Inc. (a)
 
53,420
3,907,139
Boston Scientific Corp. (a)
 
47,267
2,037,680
DexCom, Inc. (a)
 
450,260
54,382,403
Insulet Corp. (a)
 
92,698
23,991,169
Shockwave Medical, Inc. (a)
 
125,033
36,653,424
TransMedics Group, Inc. (a)
 
17,800
858,316
 
 
 
121,830,131
Health Care Providers & Services - 2.6%
 
 
 
agilon health, Inc. (a)
 
47,000
932,950
Alignment Healthcare, Inc. (a)
 
145,747
1,929,690
Centene Corp. (a)
 
57,800
4,920,514
Cigna Corp.
 
14,300
4,619,758
Elevance Health, Inc.
 
6,100
3,335,297
Guardant Health, Inc. (a)
 
329,909
16,330,496
Humana, Inc.
 
5,300
2,957,824
LifeStance Health Group, Inc. (a)
 
111,400
841,070
Surgery Partners, Inc. (a)
 
54,700
1,487,293
UnitedHealth Group, Inc.
 
262,600
145,782,390
 
 
 
183,137,282
Health Care Technology - 0.0%
 
 
 
Certara, Inc. (a)
 
50,700
620,061
MultiPlan Corp. warrants (a)(c)
 
24,206
2,718
 
 
 
622,779
Life Sciences Tools & Services - 0.8%
 
 
 
Danaher Corp.
 
116,300
29,269,221
ICON PLC (a)
 
11,100
2,196,024
Olink Holding AB ADR (a)
 
77,300
1,416,909
Seer, Inc. (a)
 
39,619
310,217
Thermo Fisher Scientific, Inc.
 
39,000
20,044,830
 
 
 
53,237,201
Pharmaceuticals - 2.4%
 
 
 
Eli Lilly & Co.
 
299,279
108,365,933
Roche Holding AG (participation certificate)
 
5,830
1,934,383
Zoetis, Inc. Class A
 
371,079
55,951,292
 
 
 
166,251,608
TOTAL HEALTH CARE
 
 
613,748,488
INDUSTRIALS - 1.5%
 
 
 
Aerospace & Defense - 0.8%
 
 
 
Airbus Group NV
 
24,100
2,607,711
General Dynamics Corp.
 
4,600
1,149,080
Howmet Aerospace, Inc.
 
91,800
3,263,490
L3Harris Technologies, Inc.
 
19,700
4,855,459
Lockheed Martin Corp.
 
7,600
3,698,768
Northrop Grumman Corp.
 
7,200
3,952,872
Space Exploration Technologies Corp.:
 
 
 
 Class A (a)(c)(d)
 
227,030
15,892,100
 Class C (a)(c)(d)
 
6,860
480,200
The Boeing Co. (a)
 
134,200
19,124,842
 
 
 
55,024,522
Air Freight & Logistics - 0.0%
 
 
 
Delhivery Private Ltd. (a)(c)
 
294,700
1,164,097
Commercial Services & Supplies - 0.0%
 
 
 
ACV Auctions, Inc. Class A (a)
 
305,600
2,787,072
Electrical Equipment - 0.3%
 
 
 
Acuity Brands, Inc.
 
126,500
23,221,605
Machinery - 0.2%
 
 
 
Deere & Co.
 
29,400
11,637,108
Road & Rail - 0.2%
 
 
 
Avis Budget Group, Inc. (a)
 
30,800
7,282,968
Bird Global, Inc.:
 
 
 
 Class A (a)
 
1,822,435
791,301
 rights (a)(d)
 
13,740
550
 rights (a)(d)
 
13,740
412
 rights (a)(d)
 
13,740
275
Hertz Global Holdings, Inc. (b)
 
297,700
5,477,680
 
 
 
13,553,186
TOTAL INDUSTRIALS
 
 
107,387,590
INFORMATION TECHNOLOGY - 35.2%
 
 
 
Electronic Equipment & Components - 0.0%
 
 
 
Mobileye Global, Inc. (a)
 
64,700
1,706,786
IT Services - 3.1%
 
 
 
Adyen BV (a)(e)
 
1,100
1,570,359
Cloudflare, Inc. (a)
 
17,200
968,704
MasterCard, Inc. Class A
 
360,000
118,144,800
MongoDB, Inc. Class A (a)
 
31,580
5,780,087
Okta, Inc. (a)
 
369,400
20,730,728
PayPal Holdings, Inc. (a)
 
119,900
10,021,242
Snowflake, Inc. (a)
 
33,000
5,289,900
Twilio, Inc. Class A (a)
 
390,856
29,067,961
Visa, Inc. Class A
 
105,900
21,938,244
 
 
 
213,512,025
Semiconductors & Semiconductor Equipment - 11.7%
 
 
 
Advanced Micro Devices, Inc. (a)
 
729,919
43,838,935
ASML Holding NV
 
16,000
7,558,720
Cirrus Logic, Inc. (a)
 
101,200
6,792,544
GlobalFoundries, Inc.
 
732,660
41,541,822
Lam Research Corp.
 
32,000
12,952,960
Marvell Technology, Inc.
 
4,865,844
193,076,690
Monolithic Power Systems, Inc.
 
41,500
14,087,175
NVIDIA Corp.
 
2,392,096
322,861,197
NXP Semiconductors NV
 
711,535
103,941,033
onsemi (a)
 
642,000
39,438,060
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR
 
186,100
11,454,455
Teradyne, Inc.
 
298,900
24,315,515
Wolfspeed, Inc. (a)
 
3,400
267,750
 
 
 
822,126,856
Software - 10.0%
 
 
 
Atlassian Corp. PLC (a)
 
1,500
304,095
Atom Tickets LLC (a)(c)(d)(f)
 
344,068
3
Bill.Com Holdings, Inc. (a)
 
60,200
8,028,272
Coupa Software, Inc. (a)
 
70,814
3,769,429
Crowdstrike Holdings, Inc. (a)
 
90,900
14,653,080
Datadog, Inc. Class A (a)
 
99,000
7,970,490
Elastic NV (a)
 
47,000
3,005,650
Epic Games, Inc. (a)(c)(d)
 
1,076
957,565
HubSpot, Inc. (a)
 
85,192
25,264,540
Intuit, Inc.
 
72,900
31,164,750
Microsoft Corp.
 
2,097,700
486,939,101
Oracle Corp.
 
19,400
1,514,558
Paycom Software, Inc. (a)
 
32,300
11,175,800
Salesforce.com, Inc. (a)
 
437,870
71,193,283
ServiceNow, Inc. (a)
 
38,123
16,039,871
Splunk, Inc. (a)
 
90,800
7,546,388
Stripe, Inc. Class B (a)(c)(d)
 
19,900
473,819
Tanium, Inc. Class B (a)(c)(d)
 
151,000
1,315,210
Zoom Video Communications, Inc. Class A (a)
 
110,600
9,228,464
 
 
 
700,544,368
Technology Hardware, Storage & Peripherals - 10.4%
 
 
 
Apple, Inc.
 
4,740,636
726,929,126
TOTAL INFORMATION TECHNOLOGY
 
 
2,464,819,161
MATERIALS - 1.1%
 
 
 
Chemicals - 0.6%
 
 
 
CF Industries Holdings, Inc.
 
142,800
15,173,928
Nutrien Ltd.
 
165,800
14,009,056
The Mosaic Co.
 
331,800
17,834,250
 
 
 
47,017,234
Metals & Mining - 0.5%
 
 
 
Freeport-McMoRan, Inc.
 
1,051,700
33,328,373
TOTAL MATERIALS
 
 
80,345,607
REAL ESTATE - 0.1%
 
 
 
Equity Real Estate Investment Trusts (REITs) - 0.0%
 
 
 
Welltower Op
 
6,400
390,656
Real Estate Management & Development - 0.1%
 
 
 
WeWork, Inc. (a)(b)
 
2,167,085
5,569,408
TOTAL REAL ESTATE
 
 
5,960,064
UTILITIES - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
ORSTED A/S (e)
 
11,000
907,563
 
TOTAL COMMON STOCKS
 (Cost $5,067,118,977)
 
 
 
6,605,042,619
 
 
 
 
Preferred Stocks - 1.4%
 
 
Shares
Value ($)
 
Convertible Preferred Stocks - 1.3%
 
 
 
COMMUNICATION SERVICES - 0.1%
 
 
 
Interactive Media & Services - 0.1%
 
 
 
Reddit, Inc.:
 
 
 
  Series B(a)(c)(d)
 
129,280
5,012,186
  Series E(a)(c)(d)
 
5,005
194,044
 
 
 
5,206,230
CONSUMER DISCRETIONARY - 0.2%
 
 
 
Automobiles - 0.0%
 
 
 
Rad Power Bikes, Inc.:
 
 
 
  Series A(a)(c)(d)
 
14,368
59,196
  Series C(a)(c)(d)
 
56,537
232,932
 
 
 
292,128
Hotels, Restaurants & Leisure - 0.1%
 
 
 
MOD Super Fast Pizza Holdings LLC Series 3 (a)(c)(d)(f)
 
32,826
8,169,078
 
 
 
 
Internet & Direct Marketing Retail - 0.1%
 
 
 
GoBrands, Inc. Series G (a)(c)(d)
 
19,600
3,604,636
Instacart, Inc.:
 
 
 
  Series H(a)(c)(d)
 
31,105
1,153,996
  Series I(a)(c)(d)
 
13,960
517,916
 
 
 
5,276,548
TOTAL CONSUMER DISCRETIONARY
 
 
13,737,754
 
 
 
 
CONSUMER STAPLES - 0.1%
 
 
 
Food & Staples Retailing - 0.0%
 
 
 
Blink Health LLC Series C (a)(c)(d)
 
27,197
1,051,980
 
 
 
 
Food Products - 0.0%
 
 
 
AgBiome LLC Series C (a)(c)(d)
 
266,499
1,748,233
 
 
 
 
Tobacco - 0.1%
 
 
 
JUUL Labs, Inc.:
 
 
 
  Series C(a)(c)(d)
 
660,029
3,682,962
  Series D(a)(c)(d)
 
5,110
28,514
 
 
 
3,711,476
TOTAL CONSUMER STAPLES
 
 
6,511,689
 
 
 
 
HEALTH CARE - 0.0%
 
 
 
Biotechnology - 0.0%
 
 
 
Castle Creek Biosciences, Inc. Series D2 (c)(d)
 
642
130,801
 
 
 
 
Pharmaceuticals - 0.0%
 
 
 
Castle Creek Pharmaceutical Holdings, Inc. Series B (a)(c)(d)
 
1,069
236,805
 
 
 
 
TOTAL HEALTH CARE
 
 
367,606
 
 
 
 
INDUSTRIALS - 0.6%
 
 
 
Aerospace & Defense - 0.6%
 
 
 
Space Exploration Technologies Corp.:
 
 
 
  Series G(a)(c)(d)
 
42,650
29,855,000
  Series H(a)(c)(d)
 
6,348
4,443,600
  Series N(a)(c)(d)
 
12,799
8,959,300
 
 
 
43,257,900
Construction & Engineering - 0.0%
 
 
 
Beta Technologies, Inc. Series A (a)(c)(d)
 
12,033
991,760
 
 
 
 
TOTAL INDUSTRIALS
 
 
44,249,660
 
 
 
 
INFORMATION TECHNOLOGY - 0.3%
 
 
 
Communications Equipment - 0.0%
 
 
 
Xsight Labs Ltd. Series D (a)(c)(d)
 
140,500
942,755
 
 
 
 
Electronic Equipment & Components - 0.0%
 
 
 
Enevate Corp. Series E (a)(c)(d)
 
1,441,706
1,240,213
 
 
 
 
IT Services - 0.1%
 
 
 
AppNexus, Inc. Series E (Escrow) (a)(c)(d)
 
307,049
9,617
ByteDance Ltd. Series E1 (a)(c)(d)
 
37,119
5,828,425
 
 
 
5,838,042
Software - 0.2%
 
 
 
Bolt Technology OU Series E (c)(d)
 
18,160
2,218,561
Databricks, Inc. Series G (a)(c)(d)
 
51,900
2,758,485
Dataminr, Inc. Series D (a)(c)(d)
 
115,901
2,275,137
Delphix Corp. Series D (a)(c)(d)
 
242,876
1,593,267
Malwarebytes Corp. Series B (a)(c)(d)
 
329,349
2,598,564
Stripe, Inc. Series H (a)(c)(d)
 
8,700
207,147
 
 
 
11,651,161
TOTAL INFORMATION TECHNOLOGY
 
 
19,672,171
 
 
 
 
MATERIALS - 0.0%
 
 
 
Metals & Mining - 0.0%
 
 
 
Diamond Foundry, Inc. Series C (a)(c)(d)
 
125,000
3,790,000
 
 
 
 
TOTAL CONVERTIBLE PREFERRED STOCKS
 
 
93,535,110
Nonconvertible Preferred Stocks - 0.1%
 
 
 
CONSUMER DISCRETIONARY - 0.0%
 
 
 
Automobiles - 0.0%
 
 
 
Neutron Holdings, Inc. Series 1C (a)(c)(d)
 
12,405,800
298,980
Waymo LLC Series A2 (a)(c)(d)
 
15,200
696,464
 
 
 
995,444
HEALTH CARE - 0.1%
 
 
 
Pharmaceuticals - 0.1%
 
 
 
Castle Creek Pharmaceutical Holdings, Inc. Series A4 (a)(c)(d)
 
9,636
2,085,327
 
 
 
 
TOTAL NONCONVERTIBLE PREFERRED STOCKS
 
 
3,080,771
 
TOTAL PREFERRED STOCKS
 (Cost $59,122,319)
 
 
 
96,615,881
 
 
 
 
Convertible Bonds - 0.0%
 
 
Principal
Amount (g)
 
Value ($)
 
CONSUMER DISCRETIONARY - 0.0%
 
 
 
Automobiles - 0.0%
 
 
 
Neutron Holdings, Inc.:
 
 
 
 4% 5/22/27 (c)(d)
 
433,800
419,268
 4% 6/12/27 (c)(d)
 
115,200
111,341
(Cost $549,000)
 
 
530,609
 
 
 
 
U.S. Treasury Obligations - 0.1%
 
 
Principal
Amount (g)
 
Value ($)
 
U.S. Treasury Bills, yield at date of purchase 2.89% 12/1/22 (h)
 
 (Cost $5,855,968)
 
 
5,870,000
5,853,160
 
 
 
 
Preferred Securities - 0.0%
 
 
Principal
Amount (g)
 
Value ($)
 
INFORMATION TECHNOLOGY - 0.0%
 
 
 
Electronic Equipment & Components - 0.0%
 
 
 
Enevate Corp. 0% 1/29/23 (c)(d)
 
  (Cost $613,815)
 
 
613,815
613,815
 
 
 
 
Money Market Funds - 5.6%
 
 
Shares
Value ($)
 
Fidelity Cash Central Fund 3.10% (i)
 
323,786,430
323,851,187
Fidelity Securities Lending Cash Central Fund 3.10% (i)(j)
 
64,762,357
64,768,833
 
TOTAL MONEY MARKET FUNDS
 (Cost $388,620,020)
 
 
388,620,020
 
 
 
 
Equity Funds - 2.1%
 
 
Shares
Value ($)
 
Domestic Equity Funds - 2.1%
 
 
 
iShares Russell 1000 Growth Index ETF (b)
  (Cost $160,672,072)
 
674,000
150,018,920
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 103.4%
 (Cost $5,682,552,171)
 
 
 
7,247,295,024
NET OTHER ASSETS (LIABILITIES) - (3.4)%  
(235,184,951)
NET ASSETS - 100.0%
7,012,110,073
 
 
 
Futures Contracts 
 
Number
of contracts
Expiration
Date
Notional
Amount ($)
 
Value ($)
 
Unrealized
Appreciation/
(Depreciation) ($)
 
Purchased
 
 
 
 
 
 
 
 
 
 
 
Equity Index Contracts
 
 
 
 
 
CME E-mini S&P 500 Index Contracts (United States)
524
Dec 2022
101,734,600
(5,325,393)
(5,325,393)
 
 
 
 
 
 
The notional amount of futures purchased as a percentage of Net Assets is 1.5%
 
Security Type Abbreviations
ETF
-
EXCHANGE-TRADED FUND
 
Legend
 
(a)
Non-income producing
 
(b)
Security or a portion of the security is on loan at period end.
 
(c)
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 $150,947,130 or 2.2% of net assets.
 
(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 $4,572,971 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 or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $5,549,035.
 
(i)
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.
 
(j)
Investment made with cash collateral received from securities on loan.
 
 
 
Additional information on each restricted holding is as follows:
Security
Acquisition Date
Acquisition Cost ($)
 
AgBiome LLC Series C
6/29/18
1,687,925
 
 
 
Ant International Co. Ltd. Class C
5/16/18
5,978,358
 
 
 
AppNexus, Inc. Series E (Escrow)
8/01/14
0
 
 
 
Atom Tickets LLC
8/15/17
2,174,681
 
 
 
Beta Technologies, Inc. Series A
4/09/21
881,658
 
 
 
Blink Health LLC Series A1
12/30/20
170,206
 
 
 
Blink Health LLC Series C
11/07/19 - 1/21/21
1,038,273
 
 
 
Bolt Technology OU Series E
1/03/22
4,717,904
 
 
 
ByteDance Ltd. Series E1
11/18/20
4,067,284
 
 
 
Castle Creek Biosciences, Inc. Series D2
6/28/21
110,200
 
 
 
Castle Creek Pharmaceutical Holdings, Inc. Series A4
9/29/16
3,185,523
 
 
 
Castle Creek Pharmaceutical Holdings, Inc. Series B
10/09/18
440,268
 
 
 
Cibus Corp. Series C
2/16/18 - 6/23/21
2,467,641
 
 
 
Databricks, Inc. Series G
2/01/21
3,068,465
 
 
 
Dataminr, Inc. Series D
3/06/15
1,477,738
 
 
 
Delhivery Private Ltd.
5/20/21
1,438,501
 
 
 
Delphix Corp. Series D
7/10/15
2,185,884
 
 
 
Diamond Foundry, Inc. Series C
3/15/21
3,000,000
 
 
 
Enevate Corp. Series E
1/29/21
1,598,398
 
 
 
Enevate Corp. 0% 1/29/23
1/29/21
613,815
 
 
 
Epic Games, Inc.
7/30/20
618,700
 
 
 
Fanatics, Inc. Class A
8/13/20
2,754,038
 
 
 
FSN E-Commerce Ventures Private Ltd.
10/07/20 - 10/26/20
2,246,418
 
 
 
GoBrands, Inc. Series G
3/02/21
4,894,459
 
 
 
Instacart, Inc. Series H
11/13/20
1,866,300
 
 
 
Instacart, Inc. Series I
2/26/21
1,745,000
 
 
 
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
 
 
 
Malwarebytes Corp. Series B
12/21/15
3,416,996
 
 
 
MOD Super Fast Pizza Holdings LLC Series 3
11/03/16 - 5/15/19
4,687,741
 
 
 
MultiPlan Corp. warrants
10/08/20
0
 
 
 
Neutron Holdings, Inc.
2/04/21
6,918
 
 
 
Neutron Holdings, Inc. Series 1C
7/03/18
2,268,276
 
 
 
Neutron Holdings, Inc. 4% 5/22/27
6/04/20
433,800
 
 
 
Neutron Holdings, Inc. 4% 6/12/27
6/12/20
115,200
 
 
 
Rad Power Bikes, Inc.
1/21/21
531,635
 
 
 
Rad Power Bikes, Inc. Series A
1/21/21
69,309
 
 
 
Rad Power Bikes, Inc. Series C
1/21/21
272,725
 
 
 
Reddit, Inc. Series B
7/26/17
1,835,324
 
 
 
Reddit, Inc. Series E
5/18/21
212,583
 
 
 
Space Exploration Technologies Corp. Class A
4/06/17 - 9/11/17
2,534,625
 
 
 
Space Exploration Technologies Corp. Class C
9/11/17
92,610
 
 
 
Space Exploration Technologies Corp. Series G
1/20/15
3,303,669
 
 
 
Space Exploration Technologies Corp. Series H
8/04/17
856,980
 
 
 
Space Exploration Technologies Corp. Series N
8/04/20
3,455,730
 
 
 
Stripe, Inc. Class B
5/18/21
798,555
 
 
 
Stripe, Inc. Series H
3/15/21
349,088
 
 
 
Tanium, Inc. Class B
4/21/17
749,609
 
 
 
Tory Burch LLC
5/14/15
7,615,948
 
 
 
Waymo LLC Series A2
5/08/20
1,305,181
 
 
 
Xsight Labs Ltd. Series D
2/16/21
1,123,438
 
 
 
 
 
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%
371,709,138
699,128,321
746,986,272
1,630,987
-
-
323,851,187
0.6%
Fidelity Securities Lending Cash Central Fund 3.10%
80,554,541
172,225,020
188,010,728
149,099
-
-
64,768,833
0.2%
Total
452,263,679
871,353,341
934,997,000
1,780,086
-
-
388,620,020
 
 
 
 
 
 
 
 
 
 
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, U.S. Treasury Obligations 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.
 
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 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 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.
 
Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 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.
 
Derivative Instruments
Risk Exposures and the Use of Derivative Instruments: The Fund's investment objectives allow the Fund to enter into various types of derivative contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.
 
The Fund used derivatives to increase returns, to gain exposure to certain types of assets and/or to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Fund may not achieve its objectives.  
 
The Fund's use of derivatives increased or decreased its exposure to the following risk(s):
 
Equity Risk - Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment.
 
Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.  
 
Futures Contracts: A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a specified price at a specified future date.
 
The Fund used futures contracts to manage its exposure to the stock market.
 
Open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The underlying face amount at value reflects each contract's exposure to the underlying instrument or index at period end. Any securities and/or cash deposited to meet initial margin requirements are identified in the Schedule of Investments.
 
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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