NPORT-EX 2 QTLY_312_20230430.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Blue Chip Growth Fund
April 30, 2023
BCF-NPRT3-0623
1.800333.119
Common Stocks - 97.7%
 
 
Shares
Value ($)
(000s)
 
COMMUNICATION SERVICES - 13.2%
 
 
 
Entertainment - 2.7%
 
 
 
Activision Blizzard, Inc.
 
234,632
18,233
Bilibili, Inc. ADR (a)(b)
 
1,227,321
24,988
Netflix, Inc. (a)
 
2,234,808
737,330
Sea Ltd. ADR (a)
 
3,355,264
255,570
Take-Two Interactive Software, Inc. (a)
 
99,679
12,389
Universal Music Group NV
 
1,973,909
43,088
 
 
 
1,091,598
Interactive Media & Services - 10.4%
 
 
 
Alphabet, Inc. Class A (a)
 
19,805,460
2,125,918
Epic Games, Inc. (a)(c)(d)
 
6,131
4,578
Meta Platforms, Inc. Class A (a)
 
6,762,505
1,625,165
Snap, Inc. Class A (a)
 
53,151,186
462,947
 
 
 
4,218,608
Wireless Telecommunication Services - 0.1%
 
 
 
Rogers Communications, Inc. Class B (non-vtg.)
 
77,662
3,837
T-Mobile U.S., Inc. (a)
 
233,874
33,654
 
 
 
37,491
TOTAL COMMUNICATION SERVICES
 
 
5,347,697
CONSUMER DISCRETIONARY - 22.7%
 
 
 
Automobile Components - 0.1%
 
 
 
Aptiv PLC (a)
 
297,428
30,593
Automobiles - 2.2%
 
 
 
Neutron Holdings, Inc. (a)(c)(d)
 
7,152,433
192
Rad Power Bikes, Inc. (a)(c)(d)
 
928,091
2,868
Rivian Automotive, Inc. (a)(b)
 
7,538,555
96,644
Tesla, Inc. (a)
 
4,913,745
807,377
 
 
 
907,081
Broadline Retail - 7.4%
 
 
 
Alibaba Group Holding Ltd. sponsored ADR (a)
 
1,656,584
140,296
Amazon.com, Inc. (a)
 
26,404,200
2,784,323
MercadoLibre, Inc. (a)
 
3,190
4,075
Ollie's Bargain Outlet Holdings, Inc. (a)
 
704,280
45,954
 
 
 
2,974,648
Diversified Consumer Services - 0.1%
 
 
 
New Oriental Education & Technology Group, Inc. sponsored ADR (a)
 
715,406
32,615
Hotels, Restaurants & Leisure - 3.5%
 
 
 
Airbnb, Inc. Class A (a)
 
2,974,730
355,986
Caesars Entertainment, Inc. (a)
 
3,905,850
176,896
Chipotle Mexican Grill, Inc. (a)
 
20,498
42,382
Deliveroo PLC Class A (a)(e)
 
11,646,208
16,012
Draftkings Holdings, Inc. (b)
 
569,052
12,468
Flutter Entertainment PLC (a)
 
174,724
34,947
Hilton Worldwide Holdings, Inc.
 
717,129
103,281
Marriott International, Inc. Class A
 
1,182,663
200,272
McDonald's Corp.
 
95,700
28,303
Penn Entertainment, Inc. (a)
 
6,598,524
196,570
Restaurant Brands International, Inc.
 
307,012
21,523
Sonder Holdings, Inc.:
 
 
 
 rights (a)(d)
 
16,222
1
 rights (a)(d)
 
16,221
1
 rights (a)(d)
 
16,222
1
 rights (a)(d)
 
16,221
0
 rights (a)(d)
 
16,221
0
 rights (a)(d)
 
16,221
0
Starbucks Corp.
 
809,462
92,513
Sweetgreen, Inc. Class A (a)(b)
 
6,984,373
55,456
Trip.com Group Ltd. ADR (a)
 
834,228
29,623
Yum China Holdings, Inc.
 
406,497
24,869
Yum! Brands, Inc.
 
98,981
13,915
 
 
 
1,405,019
Household Durables - 0.1%
 
 
 
D.R. Horton, Inc.
 
28,549
3,135
Lennar Corp. Class A
 
46,630
5,260
Sony Group Corp. sponsored ADR
 
86,313
7,740
Toll Brothers, Inc.
 
31,459
2,011
 
 
 
18,146
Leisure Products - 0.0%
 
 
 
Peloton Interactive, Inc. Class A (a)
 
1,989,536
17,667
Specialty Retail - 4.7%
 
 
 
American Eagle Outfitters, Inc. (f)
 
11,759,323
157,457
Bath & Body Works, Inc.
 
539,332
18,931
Fanatics, Inc. Class A (a)(c)(d)
 
1,938,909
142,820
Fast Retailing Co. Ltd.
 
18,839
4,461
Five Below, Inc. (a)
 
818,965
161,631
Foot Locker, Inc.
 
1,528,285
64,173
FSN E-Commerce Ventures Private Ltd.
 
21,330,580
32,134
Lowe's Companies, Inc.
 
3,332,246
692,541
RH (a)(b)
 
715,619
182,576
TJX Companies, Inc.
 
2,918,221
230,014
Victoria's Secret & Co. (a)
 
2,701,150
83,763
Warby Parker, Inc. (a)(b)(f)
 
5,576,345
58,719
Wayfair LLC Class A (a)
 
1,178,605
41,051
Williams-Sonoma, Inc.
 
200,777
24,302
 
 
 
1,894,573
Textiles, Apparel & Luxury Goods - 4.6%
 
 
 
Capri Holdings Ltd. (a)
 
3,001,756
124,573
Compagnie Financiere Richemont SA Series A
 
192,454
31,813
Crocs, Inc. (a)
 
1,158,748
143,302
Deckers Outdoor Corp. (a)
 
735,461
352,536
Hermes International SCA
 
21,541
46,684
lululemon athletica, Inc. (a)
 
1,397,594
530,988
LVMH Moet Hennessy Louis Vuitton SE
 
144,491
138,983
NIKE, Inc. Class B
 
3,260,747
413,202
On Holding AG (a)
 
2,284,802
74,142
Tory Burch LLC (a)(c)(d)(g)
 
293,611
9,939
 
 
 
1,866,162
TOTAL CONSUMER DISCRETIONARY
 
 
9,146,504
CONSUMER STAPLES - 2.2%
 
 
 
Beverages - 1.1%
 
 
 
Boston Beer Co., Inc. Class A (a)
 
187,677
59,589
Celsius Holdings, Inc. (a)(b)
 
3,597,020
343,767
Constellation Brands, Inc. Class A (sub. vtg.)
 
57,284
13,145
PepsiCo, Inc.
 
84,300
16,092
 
 
 
432,593
Consumer Staples Distribution & Retail - 1.0%
 
 
 
Costco Wholesale Corp.
 
7,516
3,782
Dollar Tree, Inc. (a)
 
2,192,814
337,057
Target Corp.
 
131,261
20,706
Walmart, Inc.
 
291,800
44,053
 
 
 
405,598
Food Products - 0.0%
 
 
 
Sovos Brands, Inc. (a)
 
61,399
1,053
The Real Good Food Co. LLC:
 
 
 
 Class B (d)(f)
 
1,262,073
0
 Class B unit (e)(f)
 
1,262,073
4,960
The Real Good Food Co., Inc. (a)
 
47,088
185
 
 
 
6,198
Household Products - 0.1%
 
 
 
Procter & Gamble Co.
 
227,487
35,574
Personal Care Products - 0.0%
 
 
 
Estee Lauder Companies, Inc. Class A
 
18,178
4,485
Tobacco - 0.0%
 
 
 
Altria Group, Inc.
 
133,711
6,353
JUUL Labs, Inc.:
 
 
 
 Class A (a)(c)(d)
 
21,148
231
 Class B (a)(c)(d)
 
6,625
72
 
 
 
6,656
TOTAL CONSUMER STAPLES
 
 
891,104
ENERGY - 3.9%
 
 
 
Energy Equipment & Services - 0.1%
 
 
 
Halliburton Co.
 
854,211
27,975
Oil, Gas & Consumable Fuels - 3.8%
 
 
 
Antero Resources Corp. (a)
 
916,557
21,072
Cenovus Energy, Inc. (Canada)
 
1,840,154
30,885
Cheniere Energy, Inc.
 
202,851
31,036
Denbury, Inc. (a)
 
688,277
64,271
Devon Energy Corp.
 
1,120,309
59,858
Diamondback Energy, Inc.
 
1,255,522
178,535
EOG Resources, Inc.
 
1,657,418
198,012
Exxon Mobil Corp.
 
1,214,930
143,775
Hess Corp.
 
1,936,131
280,855
Marathon Oil Corp.
 
1,962,355
47,410
Northern Oil & Gas, Inc.
 
436,457
14,477
Occidental Petroleum Corp.
 
1,751,030
107,741
Pioneer Natural Resources Co.
 
693,603
150,893
Reliance Industries Ltd.
 
6,689,593
198,872
Reliance Industries Ltd. GDR (e)
 
220,726
13,155
 
 
 
1,540,847
TOTAL ENERGY
 
 
1,568,822
FINANCIALS - 2.8%
 
 
 
Banks - 0.2%
 
 
 
Wells Fargo & Co.
 
1,588,130
63,128
Capital Markets - 0.0%
 
 
 
Goldman Sachs Group, Inc.
 
12,560
4,314
Morgan Stanley
 
45,254
4,072
 
 
 
8,386
Consumer Finance - 0.5%
 
 
 
American Express Co.
 
1,306,081
210,723
Financial Services - 2.1%
 
 
 
Adyen BV (a)(e)
 
5,466
8,783
Ant International Co. Ltd. Class C (a)(c)(d)
 
6,428,801
9,900
Berkshire Hathaway, Inc. Class B (a)
 
41,258
13,555
Block, Inc. Class A (a)
 
1,360,195
82,686
Housing Development Finance Corp. Ltd.
 
697,722
23,798
MasterCard, Inc. Class A
 
1,403,602
533,411
PayPal Holdings, Inc. (a)
 
283,733
21,564
Rapyd Financial Network 2016 Ltd. (a)(c)(d)
 
204,327
15,177
Visa, Inc. Class A
 
535,974
124,737
 
 
 
833,611
TOTAL FINANCIALS
 
 
1,115,848
HEALTH CARE - 9.3%
 
 
 
Biotechnology - 1.3%
 
 
 
Alnylam Pharmaceuticals, Inc. (a)
 
653,891
130,255
Arcutis Biotherapeutics, Inc. (a)
 
663,282
9,180
Argenx SE ADR (a)
 
87,312
33,867
Ascendis Pharma A/S sponsored ADR (a)
 
421,111
29,461
CytomX Therapeutics, Inc. (a)(e)
 
378,621
617
Generation Bio Co. (a)
 
778,719
3,831
Karuna Therapeutics, Inc. (a)
 
187,730
37,253
Moderna, Inc. (a)
 
17,794
2,365
Regeneron Pharmaceuticals, Inc. (a)
 
180,622
144,821
Vertex Pharmaceuticals, Inc. (a)
 
307,928
104,920
Viking Therapeutics, Inc. (a)
 
484,839
10,332
 
 
 
506,902
Health Care Equipment & Supplies - 1.8%
 
 
 
Axonics Modulation Technologies, Inc. (a)
 
573,419
32,949
Blink Health LLC Series A1 (a)(c)(d)
 
51,117
2,249
Boston Scientific Corp. (a)
 
2,075,223
108,161
DexCom, Inc. (a)
 
2,291,097
278,002
Insulet Corp. (a)
 
310,842
98,860
Intuitive Surgical, Inc. (a)
 
13,500
4,066
Oddity Tech Ltd. (a)(c)(d)
 
23,418
10,598
Penumbra, Inc. (a)
 
15,000
4,262
Shockwave Medical, Inc. (a)
 
401,259
116,429
Stryker Corp.
 
217,251
65,099
TransMedics Group, Inc. (a)
 
100,542
7,953
 
 
 
728,628
Health Care Providers & Services - 2.4%
 
 
 
agilon health, Inc. (a)
 
363,339
8,818
Alignment Healthcare, Inc. (a)
 
887,079
5,580
Guardant Health, Inc. (a)
 
2,046,870
46,177
Humana, Inc.
 
282,643
149,939
Surgery Partners, Inc. (a)
 
562,919
22,325
UnitedHealth Group, Inc.
 
1,498,234
737,266
 
 
 
970,105
Health Care Technology - 0.0%
 
 
 
Certara, Inc. (a)(b)
 
371,940
8,990
MultiPlan Corp. warrants (a)(c)
 
138,859
0
 
 
 
8,990
Life Sciences Tools & Services - 0.7%
 
 
 
Danaher Corp.
 
579,029
137,178
ICON PLC (a)
 
47,565
9,165
Olink Holding AB ADR (a)
 
574,648
12,395
Seer, Inc. (a)
 
232,828
778
Thermo Fisher Scientific, Inc.
 
187,863
104,245
Veterinary Emergency Group LLC Class A (a)(c)(d)(g)
 
524,494
29,073
 
 
 
292,834
Pharmaceuticals - 3.1%
 
 
 
AstraZeneca PLC sponsored ADR
 
259,082
18,970
Eli Lilly & Co.
 
1,725,942
683,231
Novo Nordisk A/S:
 
 
 
 Series B
 
137,138
22,814
 Series B sponsored ADR
 
1,113,911
186,123
Roche Holding AG (participation certificate)
 
44,807
14,031
Ventyx Biosciences, Inc. (a)
 
180,097
6,772
Zoetis, Inc. Class A
 
1,831,091
321,869
 
 
 
1,253,810
TOTAL HEALTH CARE
 
 
3,761,269
INDUSTRIALS - 4.4%
 
 
 
Aerospace & Defense - 1.4%
 
 
 
Airbus Group NV
 
211,657
29,639
Howmet Aerospace, Inc.
 
1,089,865
48,270
L3Harris Technologies, Inc.
 
134,066
26,163
Lockheed Martin Corp.
 
70,997
32,975
Northrop Grumman Corp.
 
51,986
23,980
Space Exploration Technologies Corp.:
 
 
 
 Class A (a)(c)(d)
 
2,961,836
228,061
 Class C (a)(c)(d)
 
27,830
2,143
The Boeing Co. (a)
 
768,288
158,867
TransDigm Group, Inc.
 
21,038
16,094
 
 
 
566,192
Air Freight & Logistics - 0.0%
 
 
 
Delhivery Private Ltd.
 
2,469,600
11,344
Commercial Services & Supplies - 0.1%
 
 
 
ACV Auctions, Inc. Class A (a)
 
2,388,006
31,116
Electrical Equipment - 0.0%
 
 
 
Array Technologies, Inc. (a)
 
165,417
3,383
Ground Transportation - 2.6%
 
 
 
Avis Budget Group, Inc. (a)
 
246,718
43,588
Bird Global, Inc. (a)(c)
 
1,821,129
247
Bird Global, Inc.:
 
 
 
 Class A (a)(b)
 
18,460,415
2,500
 Stage 1 rights (a)(d)
 
262,923
0
 Stage 2 rights (a)(d)
 
262,922
0
 Stage 3 rights (a)(d)
 
262,922
0
Hertz Global Holdings, Inc. (a)(b)
 
1,811,240
30,211
Lyft, Inc. (a)(b)
 
21,236,463
217,674
Uber Technologies, Inc. (a)
 
24,465,981
759,669
 
 
 
1,053,889
Machinery - 0.1%
 
 
 
Deere & Co.
 
75,061
28,375
Passenger Airlines - 0.2%
 
 
 
Delta Air Lines, Inc. (a)
 
974,906
33,449
United Airlines Holdings, Inc. (a)
 
1,203,370
52,708
 
 
 
86,157
Professional Services - 0.0%
 
 
 
Experian PLC
 
207,525
7,347
TOTAL INDUSTRIALS
 
 
1,787,803
INFORMATION TECHNOLOGY - 38.6%
 
 
 
Communications Equipment - 0.1%
 
 
 
Arista Networks, Inc. (a)
 
150,160
24,050
Cisco Systems, Inc.
 
262,341
12,396
 
 
 
36,446
IT Services - 0.5%
 
 
 
MongoDB, Inc. Class A (a)
 
201,614
48,379
Okta, Inc. (a)
 
1,294,647
88,722
Shopify, Inc. Class A (a)
 
164,100
7,950
Snowflake, Inc. (a)
 
224,971
33,314
Twilio, Inc. Class A (a)
 
501,170
26,367
X Holdings Corp. Class A (d)
 
196,600
6,555
 
 
 
211,287
Semiconductors & Semiconductor Equipment - 15.5%
 
 
 
Advanced Micro Devices, Inc. (a)
 
3,283,973
293,489
ASML Holding NV (depository receipt)
 
85,966
54,748
Cirrus Logic, Inc. (a)
 
672,794
57,719
Enphase Energy, Inc. (a)
 
276,352
45,377
GlobalFoundries, Inc. (a)
 
4,470,031
262,838
Impinj, Inc. (a)
 
212,000
18,743
Marvell Technology, Inc.
 
27,569,371
1,088,439
Monolithic Power Systems, Inc.
 
220,540
101,883
NVIDIA Corp.
 
11,033,213
3,061,606
NXP Semiconductors NV
 
3,701,698
606,116
onsemi (a)
 
3,864,541
278,092
Skyworks Solutions, Inc.
 
171,052
18,114
SolarEdge Technologies, Inc. (a)
 
105,975
30,270
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR
 
2,331,251
196,524
Teradyne, Inc.
 
1,345,185
122,923
 
 
 
6,236,881
Software - 12.3%
 
 
 
Adobe, Inc. (a)
 
94,595
35,715
Atom Tickets LLC (a)(c)(d)(g)
 
1,204,239
0
Bill Holdings, Inc. (a)(b)
 
688,078
52,851
Confluent, Inc. (a)
 
345,752
7,607
Datadog, Inc. Class A (a)
 
615,556
41,476
HubSpot, Inc. (a)
 
408,682
172,035
Intuit, Inc.
 
369,278
163,941
Microsoft Corp.
 
12,482,939
3,835,508
Oracle Corp.
 
224,291
21,245
Paycom Software, Inc. (a)
 
217,788
63,239
Pine Labs Private Ltd. (a)(c)(d)
 
9,912
5,457
Salesforce, Inc. (a)
 
1,976,586
392,095
ServiceNow, Inc. (a)
 
168,570
77,444
Splunk, Inc. (a)
 
511,957
44,151
Stripe, Inc. Class B (a)(c)(d)
 
173,600
3,495
Tanium, Inc. Class B (a)(c)(d)
 
554,900
4,273
Workday, Inc. Class A (a)
 
59,069
10,995
Zoom Video Communications, Inc. Class A (a)
 
811,886
49,874
 
 
 
4,981,401
Technology Hardware, Storage & Peripherals - 10.2%
 
 
 
Apple, Inc.
 
24,348,675
4,131,484
Seagate Technology Holdings PLC
 
36,100
2,122
 
 
 
4,133,606
TOTAL INFORMATION TECHNOLOGY
 
 
15,599,621
MATERIALS - 0.6%
 
 
 
Chemicals - 0.1%
 
 
 
Cibus Corp. Series C (a)(c)(d)(g)
 
7,514,641
15,029
Linde PLC
 
66,046
24,401
 
 
 
39,430
Metals & Mining - 0.5%
 
 
 
Freeport-McMoRan, Inc.
 
5,314,092
201,457
TOTAL MATERIALS
 
 
240,887
REAL ESTATE - 0.0%
 
 
 
Equity Real Estate Investment Trusts (REITs) - 0.0%
 
 
 
Welltower, Inc.
 
55,150
4,369
UTILITIES - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
NextEra Energy, Inc.
 
157,782
12,091
 
TOTAL COMMON STOCKS
 (Cost $21,862,428)
 
 
 
39,476,015
 
 
 
 
Preferred Stocks - 2.2%
 
 
Shares
Value ($)
(000s)
 
Convertible Preferred Stocks - 2.0%
 
 
 
COMMUNICATION SERVICES - 0.2%
 
 
 
Interactive Media & Services - 0.2%
 
 
 
ByteDance Ltd. Series E1 (a)(c)(d)
 
293,038
58,315
Reddit, Inc.:
 
 
 
  Series B(a)(c)(d)
 
524,232
19,077
  Series E(a)(c)(d)
 
43,813
1,594
  Series F(a)(c)(d)
 
457,142
16,635
 
 
 
95,621
CONSUMER DISCRETIONARY - 0.2%
 
 
 
Automobiles - 0.0%
 
 
 
Rad Power Bikes, Inc.:
 
 
 
  Series A(a)(c)(d)
 
120,997
374
  Series C(a)(c)(d)
 
476,111
1,471
  Series D(a)(c)(d)
 
867,000
2,679
 
 
 
4,524
Broadline Retail - 0.1%
 
 
 
Meesho Series F (a)(c)(d)
 
546,589
37,835
 
 
 
 
Hotels, Restaurants & Leisure - 0.1%
 
 
 
Discord, Inc. Series I (a)(c)(d)
 
6,100
2,058
MOD Super Fast Pizza Holdings LLC Series 3 (a)(c)(d)(g)
 
100,182
29,008
 
 
 
31,066
TOTAL CONSUMER DISCRETIONARY
 
 
73,425
 
 
 
 
CONSUMER STAPLES - 0.2%
 
 
 
Consumer Staples Distribution & Retail - 0.1%
 
 
 
GoBrands, Inc.:
 
 
 
  Series G(a)(c)(d)
 
166,200
16,211
  Series H(a)(c)(d)
 
104,029
10,147
Instacart, Inc.:
 
 
 
  Series H(a)(c)(d)
 
245,379
10,927
  Series I(a)(c)(d)
 
118,846
5,292
 
 
 
42,577
Food Products - 0.0%
 
 
 
AgBiome LLC Series C (a)(c)(d)
 
1,091,300
5,631
Bowery Farming, Inc. Series C1 (a)(c)(d)
 
161,262
1,503
 
 
 
7,134
Tobacco - 0.1%
 
 
 
JUUL Labs, Inc.:
 
 
 
  Series C(a)(c)(d)
 
2,570,575
28,045
  Series D(a)(c)(d)
 
13,822
151
  Series E(a)(c)(d)
 
14,959
163
 
 
 
28,359
TOTAL CONSUMER STAPLES
 
 
78,070
 
 
 
 
HEALTH CARE - 0.0%
 
 
 
Biotechnology - 0.0%
 
 
 
Castle Creek Biosciences, Inc. Series D2 (c)(d)
 
5,347
1,010
 
 
 
 
Health Care Equipment & Supplies - 0.0%
 
 
 
Blink Health LLC Series C (a)(c)(d)
 
170,685
7,508
 
 
 
 
Pharmaceuticals - 0.0%
 
 
 
Castle Creek Pharmaceutical Holdings, Inc. Series B (a)(c)(d)
 
3,301
651
 
 
 
 
TOTAL HEALTH CARE
 
 
9,169
 
 
 
 
INDUSTRIALS - 0.5%
 
 
 
Aerospace & Defense - 0.5%
 
 
 
ABL Space Systems:
 
 
 
  Series B(a)(c)(d)
 
270,130
8,820
  Series B2(a)(c)(d)
 
141,569
4,505
Relativity Space, Inc. Series E (a)(c)(d)
 
2,480,614
42,890
Space Exploration Technologies Corp.:
 
 
 
  Series G(a)(c)(d)
 
97,277
74,903
  Series H(a)(c)(d)
 
25,767
19,841
  Series N(a)(c)(d)
 
79,406
61,143
 
 
 
212,102
Construction & Engineering - 0.0%
 
 
 
Beta Technologies, Inc. Series A (a)(c)(d)
 
101,010
7,012
 
 
 
 
TOTAL INDUSTRIALS
 
 
219,114
 
 
 
 
INFORMATION TECHNOLOGY - 0.6%
 
 
 
Electronic Equipment, Instruments & Components - 0.1%
 
 
 
CelLink Corp. Series D (a)(c)(d)
 
771,513
10,045
Enevate Corp. Series E (a)(c)(d)
 
12,084,432
7,009
Menlo Micro, Inc. Series C (a)(c)(d)
 
4,680,700
4,634
 
 
 
21,688
IT Services - 0.0%
 
 
 
Yanka Industries, Inc. Series F (a)(c)(d)
 
508,854
4,213
 
 
 
 
Semiconductors & Semiconductor Equipment - 0.2%
 
 
 
Alif Semiconductor Series C (a)(c)(d)
 
391,847
7,273
Astera Labs, Inc.:
 
 
 
  Series A(c)(d)
 
672,992
5,983
  Series B(c)(d)
 
114,587
1,019
  Series C(a)(c)(d)
 
1,572,300
13,978
  Series D(c)(d)
 
2,623,426
23,322
GaN Systems, Inc.:
 
 
 
  Series F1(a)(c)(d)
 
661,660
7,325
  Series F2(a)(c)(d)
 
349,385
3,868
SiMa.ai:
 
 
 
  Series B(a)(c)(d)
 
2,821,200
16,927
  Series B1(c)(d)
 
188,978
1,340
Xsight Labs Ltd. Series D (a)(c)(d)
 
1,192,000
8,714
 
 
 
89,749
Software - 0.3%
 
 
 
Algolia, Inc. Series D (a)(c)(d)
 
276,495
4,488
Bolt Technology OU Series E (a)(c)(d)
 
170,267
22,191
Databricks, Inc.:
 
 
 
  Series G(a)(c)(d)
 
437,958
21,140
  Series H(a)(c)(d)
 
273,924
13,222
Dataminr, Inc. Series D (a)(c)(d)
 
277,250
3,812
Delphix Corp. Series D (a)(c)(d)
 
675,445
3,067
Mountain Digital, Inc. Series D (a)(c)(d)
 
524,265
6,496
Skyryse, Inc. Series B (a)(c)(d)
 
560,000
11,805
Stripe, Inc.:
 
 
 
  Series H(a)(c)(d)
 
73,100
1,472
  Series I(c)(d)
 
918,055
18,480
Tenstorrent, Inc. Series C1 (a)(c)(d)
 
77,800
4,393
 
 
 
110,566
TOTAL INFORMATION TECHNOLOGY
 
 
226,216
 
 
 
 
MATERIALS - 0.2%
 
 
 
Metals & Mining - 0.2%
 
 
 
Diamond Foundry, Inc. Series C (a)(c)(d)
 
2,271,329
80,564
 
 
 
 
UTILITIES - 0.1%
 
 
 
Independent Power and Renewable Electricity Producers - 0.1%
 
 
 
Redwood Materials Series C (a)(c)(d)
 
341,408
17,852
 
 
 
 
TOTAL CONVERTIBLE PREFERRED STOCKS
 
 
800,031
Nonconvertible Preferred Stocks - 0.2%
 
 
 
CONSUMER DISCRETIONARY - 0.0%
 
 
 
Automobiles - 0.0%
 
 
 
Neutron Holdings, Inc.:
 
 
 
  Series 1C(a)(c)(d)
 
50,654,200
1,363
  Series 1D(a)(c)(d)
 
85,315,542
2,295
Waymo LLC Series A2 (a)(c)(d)
 
81,316
3,922
 
 
 
7,580
FINANCIALS - 0.1%
 
 
 
Financial Services - 0.1%
 
 
 
Circle Internet Financial Ltd. Series E (a)(c)(d)
 
1,244,183
32,112
 
 
 
 
HEALTH CARE - 0.0%
 
 
 
Pharmaceuticals - 0.0%
 
 
 
Castle Creek Pharmaceutical Holdings, Inc. Series A4 (a)(c)(d)
 
29,758
6,083
 
 
 
 
INFORMATION TECHNOLOGY - 0.1%
 
 
 
IT Services - 0.0%
 
 
 
Gupshup, Inc. (a)(c)(d)
 
709,497
11,089
 
 
 
 
Software - 0.1%
 
 
 
Pine Labs Private Ltd.:
 
 
 
  Series 1(a)(c)(d)
 
23,689
13,042
  Series A(a)(c)(d)
 
5,920
3,259
  Series B(a)(c)(d)
 
6,440
3,546
  Series B2(a)(c)(d)
 
5,209
2,868
  Series C(a)(c)(d)
 
9,690
5,335
  Series C1(a)(c)(d)
 
2,041
1,124
  Series D(a)(c)(d)
 
2,183
1,202
 
 
 
30,376
TOTAL INFORMATION TECHNOLOGY
 
 
41,465
 
 
 
 
REAL ESTATE - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
ZKH Group Ltd. Series F (d)
 
21,325,985
7,891
 
 
 
 
TOTAL NONCONVERTIBLE PREFERRED STOCKS
 
 
95,131
 
TOTAL PREFERRED STOCKS
 (Cost $875,790)
 
 
 
895,162
 
 
 
 
Convertible Bonds - 0.1%
 
 
Principal
Amount (h)
(000s)
 
Value ($)
(000s)
 
CONSUMER DISCRETIONARY - 0.1%
 
 
 
Automobiles - 0.1%
 
 
 
Neutron Holdings, Inc.:
 
 
 
 4% 5/22/27 (c)(d)
 
2,433
2,625
 4% 6/12/27 (c)(d)
 
647
698
 4.5% 10/27/25 (c)(d)
 
21,263
20,649
(Cost $24,343)
 
 
23,972
 
 
 
 
Preferred Securities - 0.0%
 
 
Principal
Amount (h)
(000s)
 
Value ($)
(000s)
 
INFORMATION TECHNOLOGY - 0.0%
 
 
 
Semiconductors & Semiconductor Equipment - 0.0%
 
 
 
GaN Systems, Inc. 0% (c)(d)(i)
 
15,508
19,033
Software - 0.0%
 
 
 
Tenstorrent, Inc. 0% (c)(d)(i)
 
4,320
4,104
 
TOTAL PREFERRED SECURITIES
 (Cost $19,828)
 
 
 
23,137
 
 
 
 
Money Market Funds - 1.2%
 
 
Shares
Value ($)
(000s)
 
Fidelity Cash Central Fund 4.88% (j)
 
396,899
397
Fidelity Securities Lending Cash Central Fund 4.88% (j)(k)
 
478,951,066
478,999
 
TOTAL MONEY MARKET FUNDS
 (Cost $479,396)
 
 
479,396
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 101.2%
 (Cost $23,261,785)
 
 
 
40,897,682
NET OTHER ASSETS (LIABILITIES) - (1.2)%  
(489,326)
NET ASSETS - 100.0%
40,408,356
 
 
 
Any values shown as $0 in the Schedule of Investments may reflect amounts less than $500.
 
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 $1,420,782,000 or 3.5% 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 $43,527,000 or 0.1% of net assets.
 
(f)
Affiliated company
 
(g)
Investment is owned by a wholly-owned subsidiary (Subsidiary) that is treated as a corporation for U.S. tax purposes.
 
(h)
Amount is stated in United States dollars unless otherwise noted.
 
(i)
Security 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 ($)
(000s)
ABL Space Systems Series B
3/24/21
12,165
 
 
 
ABL Space Systems Series B2
10/22/21
9,626
 
 
 
AgBiome LLC Series C
6/29/18
6,912
 
 
 
Algolia, Inc. Series D
7/23/21
8,086
 
 
 
Alif Semiconductor Series C
3/08/22
7,954
 
 
 
Ant International Co. Ltd. Class C
5/16/18
24,503
 
 
 
Astera Labs, Inc. Series A
5/17/22
6,844
 
 
 
Astera Labs, Inc. Series B
5/17/22
1,165
 
 
 
Astera Labs, Inc. Series C
8/24/21
5,286
 
 
 
Astera Labs, Inc. Series D
5/17/22 - 5/27/22
26,679
 
 
 
Atom Tickets LLC
8/15/17
7,199
 
 
 
Beta Technologies, Inc. Series A
4/09/21
7,401
 
 
 
Bird Global, Inc.
5/11/21
18,211
 
 
 
Blink Health LLC Series A1
12/30/20
1,385
 
 
 
Blink Health LLC Series C
11/07/19 - 7/14/21
6,515
 
 
 
Bolt Technology OU Series E
1/03/22
44,235
 
 
 
Bowery Farming, Inc. Series C1
5/18/21
9,716
 
 
 
ByteDance Ltd. Series E1
11/18/20
32,109
 
 
 
Castle Creek Biosciences, Inc. Series D2
6/28/21
917
 
 
 
Castle Creek Pharmaceutical Holdings, Inc. Series A4
9/29/16
9,831
 
 
 
Castle Creek Pharmaceutical Holdings, Inc. Series B
10/09/18
1,360
 
 
 
CelLink Corp. Series D
1/20/22
16,066
 
 
 
Cibus Corp. Series C
2/16/18 - 12/02/22
13,544
 
 
 
Circle Internet Financial Ltd. Series E
5/11/21
20,193
 
 
 
Databricks, Inc. Series G
2/01/21
25,893
 
 
 
Databricks, Inc. Series H
8/31/21
20,129
 
 
 
Dataminr, Inc. Series D
3/06/15
3,535
 
 
 
Delphix Corp. Series D
7/10/15
6,079
 
 
 
Diamond Foundry, Inc. Series C
3/15/21
54,512
 
 
 
Discord, Inc. Series I
9/15/21
3,359
 
 
 
Enevate Corp. Series E
1/29/21
13,398
 
 
 
Epic Games, Inc.
7/30/20
3,525
 
 
 
Fanatics, Inc. Class A
8/13/20 - 10/24/22
78,990
 
 
 
GaN Systems, Inc. Series F1
11/30/21
5,611
 
 
 
GaN Systems, Inc. Series F2
11/30/21
2,963
 
 
 
GaN Systems, Inc. 0%
11/30/21
15,508
 
 
 
GoBrands, Inc. Series G
3/02/21
41,503
 
 
 
GoBrands, Inc. Series H
7/22/21
40,414
 
 
 
Gupshup, Inc.
6/08/21
16,223
 
 
 
Instacart, Inc. Series H
11/13/20
14,723
 
 
 
Instacart, Inc. Series I
2/26/21
14,856
 
 
 
JUUL Labs, Inc. Class A
12/20/17
453
 
 
 
JUUL Labs, Inc. Class B
11/21/17
0
 
 
 
JUUL Labs, Inc. Series C
5/22/15 - 7/06/18
0
 
 
 
JUUL Labs, Inc. Series D
6/25/18 - 7/06/18
0
 
 
 
JUUL Labs, Inc. Series E
12/20/17
321
 
 
 
Meesho Series F
9/21/21
41,908
 
 
 
Menlo Micro, Inc. Series C
2/09/22
6,204
 
 
 
MOD Super Fast Pizza Holdings LLC Series 3
11/03/16 - 5/15/19
14,040
 
 
 
Mountain Digital, Inc. Series D
11/05/21
12,040
 
 
 
MultiPlan Corp. warrants
10/08/20
0
 
 
 
Neutron Holdings, Inc.
2/04/21
72
 
 
 
Neutron Holdings, Inc. Series 1C
7/03/18
9,262
 
 
 
Neutron Holdings, Inc. Series 1D
1/25/19
20,689
 
 
 
Neutron Holdings, Inc. 4% 5/22/27
6/04/20
2,433
 
 
 
Neutron Holdings, Inc. 4% 6/12/27
6/12/20
647
 
 
 
Neutron Holdings, Inc. 4.5% 10/27/25
10/29/21 - 4/27/23
21,264
 
 
 
Oddity Tech Ltd.
1/06/22
10,079
 
 
 
Pine Labs Private Ltd.
6/30/21
3,696
 
 
 
Pine Labs Private Ltd. Series 1
6/30/21
8,833
 
 
 
Pine Labs Private Ltd. Series A
6/30/21
2,207
 
 
 
Pine Labs Private Ltd. Series B
6/30/21
2,401
 
 
 
Pine Labs Private Ltd. Series B2
6/30/21
1,942
 
 
 
Pine Labs Private Ltd. Series C
6/30/21
3,613
 
 
 
Pine Labs Private Ltd. Series C1
6/30/21
761
 
 
 
Pine Labs Private Ltd. Series D
6/30/21
814
 
 
 
Rad Power Bikes, Inc.
1/21/21
4,477
 
 
 
Rad Power Bikes, Inc. Series A
1/21/21
584
 
 
 
Rad Power Bikes, Inc. Series C
1/21/21
2,297
 
 
 
Rad Power Bikes, Inc. Series D
9/17/21
8,309
 
 
 
Rapyd Financial Network 2016 Ltd.
3/30/21
15,000
 
 
 
Reddit, Inc. Series B
7/26/17
7,442
 
 
 
Reddit, Inc. Series E
5/18/21
1,861
 
 
 
Reddit, Inc. Series F
8/11/21
28,249
 
 
 
Redwood Materials Series C
5/28/21
16,184
 
 
 
Relativity Space, Inc. Series E
5/27/21
56,645
 
 
 
SiMa.ai Series B
5/10/21
14,465
 
 
 
SiMa.ai Series B1
4/25/22
1,340
 
 
 
Skyryse, Inc. Series B
10/21/21
13,821
 
 
 
Space Exploration Technologies Corp. Class A
10/16/15 - 5/24/22
55,406
 
 
 
Space Exploration Technologies Corp. Class C
9/11/17
376
 
 
 
Space Exploration Technologies Corp. Series G
1/20/15
7,535
 
 
 
Space Exploration Technologies Corp. Series H
8/04/17
3,479
 
 
 
Space Exploration Technologies Corp. Series N
8/04/20
21,440
 
 
 
Stripe, Inc. Class B
5/18/21
6,966
 
 
 
Stripe, Inc. Series H
3/15/21
2,933
 
 
 
Stripe, Inc. Series I
3/20/23
18,484
 
 
 
Tanium, Inc. Class B
4/21/17
2,755
 
 
 
Tenstorrent, Inc. Series C1
4/23/21
4,626
 
 
 
Tenstorrent, Inc. 0%
4/23/21
4,320
 
 
 
Tory Burch LLC
5/14/15
20,682
 
 
 
Veterinary Emergency Group LLC Class A
9/16/21 - 3/17/22
21,645
 
 
 
Waymo LLC Series A2
5/08/20
6,982
 
 
 
Xsight Labs Ltd. Series D
2/16/21
9,531
 
 
 
Yanka Industries, Inc. Series F
4/08/21
16,221
 
 
 
 
 
Affiliated Central Funds
 
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
 
 
Affiliate (Amounts in thousands)
Value,
beginning
of period ($)
Purchases ($)
Sales
Proceeds ($)
Dividend
Income ($)
Realized
Gain (loss) ($)
Change in
Unrealized
appreciation
(depreciation) ($)
Value,
end
of period ($)
% ownership,
end
of period
Fidelity Cash Central Fund 4.88%
-
1,377,689
1,377,292
1,303
-
-
397
0.0%
Fidelity Securities Lending Cash Central Fund 4.88%
776,449
2,182,447
2,479,897
1,873
-
-
478,999
1.5%
Total
776,449
3,560,136
3,857,189
3,176
-
-
479,396
 
 
 
 
 
 
 
 
 
 
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
 
Amounts in the dividend income column 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 presented in the table below. Certain corporate actions, such as mergers, are excluded from the amounts in this table if applicable. A dash in the Value end of period ($) column means either the issuer is no longer held at period end, or the issuer is held at period end but is no longer an affiliate.
Affiliate (Amounts in thousands)
Value,
beginning
of period ($)
Purchases ($)
Sales
Proceeds ($)
Dividend
Income ($)
Realized
Gain (loss) ($)
Change in
Unrealized
appreciation
(depreciation) ($)
Value,
end
of period ($)
American Eagle Outfitters, Inc.
116,007
27,167
3,507
1,180
546
17,244
157,457
The Real Good Food Co. LLC Class B
-
-
-
-
-
-
-
The Real Good Food Co. LLC Class B unit
8,203
-
-
-
-
(3,243)
4,960
The Real Good Food Co., Inc.
314
-
6
-
(8)
(115)
-
Warby Parker, Inc.
48,727
20,924
1,317
-
47
(9,662)
58,719
Total
173,251
48,091
4,830
1,180
585
4,224
221,136
 
 
 
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.
 
Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.