NPORT-EX 2 QTLY_1388_20230430.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Small Cap Growth Fund
April 30, 2023
SCP-NPRT3-0623
1.815773.118
Common Stocks - 97.6%
 
 
Shares
Value ($)
 
COMMUNICATION SERVICES - 1.7%
 
 
 
Diversified Telecommunication Services - 0.2%
 
 
 
IDT Corp. Class B (a)
 
324,103
10,763,461
Interactive Media & Services - 0.5%
 
 
 
Cars.com, Inc. (a)
 
1,241,477
24,295,705
Media - 0.6%
 
 
 
Integral Ad Science Holding Corp. (a)
 
1,096,202
17,243,257
TechTarget, Inc. (a)
 
365,234
12,450,827
 
 
 
29,694,084
Wireless Telecommunication Services - 0.4%
 
 
 
Gogo, Inc. (a)
 
1,653,057
22,167,494
TOTAL COMMUNICATION SERVICES
 
 
86,920,744
CONSUMER DISCRETIONARY - 15.1%
 
 
 
Automobile Components - 0.6%
 
 
 
Autoliv, Inc.
 
263,094
22,576,096
Gentherm, Inc. (a)
 
107,247
6,397,284
 
 
 
28,973,380
Diversified Consumer Services - 1.9%
 
 
 
Duolingo, Inc. (a)
 
234,790
31,969,006
Grand Canyon Education, Inc. (a)
 
211,967
25,160,483
H&R Block, Inc.
 
689,885
23,394,000
Rover Group, Inc. Class A (a)(b)(c)
 
3,638,218
16,481,128
 
 
 
97,004,617
Hotels, Restaurants & Leisure - 3.7%
 
 
 
Bowlero Corp. Class A (a)
 
500,889
7,328,006
Brinker International, Inc. (a)
 
906,871
36,202,290
Dutch Bros, Inc. (a)(b)
 
197,519
6,152,717
Everi Holdings, Inc. (a)
 
837,914
12,736,293
Kura Sushi U.S.A., Inc. Class A (a)(b)
 
419,043
28,880,444
Lindblad Expeditions Holdings (a)(b)(c)
 
3,465,264
39,192,136
Planet Fitness, Inc. (a)
 
158,000
13,136,120
SeaWorld Entertainment, Inc. (a)
 
774,432
41,556,021
 
 
 
185,184,027
Household Durables - 1.9%
 
 
 
Helen of Troy Ltd. (a)(b)
 
278,591
27,953,821
KB Home
 
402,700
17,646,314
LGI Homes, Inc. (a)
 
217,258
25,810,250
Lovesac (a)(b)(c)
 
979,594
25,753,526
 
 
 
97,163,911
Leisure Products - 0.6%
 
 
 
YETI Holdings, Inc. (a)(b)
 
829,158
32,710,283
Specialty Retail - 4.4%
 
 
 
Aritzia, Inc. (a)
 
571,279
18,156,456
BARK, Inc. warrants 8/29/25 (a)
 
567,003
82,045
Boot Barn Holdings, Inc. (a)
 
370,144
26,824,336
Dick's Sporting Goods, Inc. (b)
 
290,209
42,083,207
Fanatics, Inc. Class A (a)(d)(e)
 
726,062
53,481,727
Floor & Decor Holdings, Inc. Class A (a)(b)
 
260,024
25,830,784
Murphy U.S.A., Inc.
 
163,970
45,129,463
Musti Group OYJ
 
284,237
5,885,042
thredUP, Inc. (a)(b)
 
2,063,980
5,448,907
 
 
 
222,921,967
Textiles, Apparel & Luxury Goods - 2.0%
 
 
 
Crocs, Inc. (a)
 
599,914
74,191,364
Kontoor Brands, Inc. (b)
 
610,063
27,556,546
 
 
 
101,747,910
TOTAL CONSUMER DISCRETIONARY
 
 
765,706,095
CONSUMER STAPLES - 5.7%
 
 
 
Beverages - 1.0%
 
 
 
Boston Beer Co., Inc. Class A (a)
 
77,866
24,723,234
Celsius Holdings, Inc. (a)
 
274,920
26,274,104
 
 
 
50,997,338
Consumer Staples Distribution & Retail - 2.9%
 
 
 
Casey's General Stores, Inc. (b)
 
85,992
19,676,689
Performance Food Group Co. (a)
 
797,288
49,981,985
Sprouts Farmers Market LLC (a)(b)
 
978,733
33,922,886
U.S. Foods Holding Corp. (a)
 
1,145,870
44,001,408
 
 
 
147,582,968
Food Products - 0.9%
 
 
 
Freshpet, Inc. (a)(b)
 
167,734
11,568,614
Nomad Foods Ltd. (a)
 
1,064,203
20,007,016
Sovos Brands, Inc. (a)
 
761,463
13,059,090
The Real Good Food Co. LLC:
 
 
 
 Class B (e)
 
248,958
2
 Class B unit (f)
 
248,958
978,405
 
 
 
45,613,127
Personal Care Products - 0.9%
 
 
 
BellRing Brands, Inc. (a)
 
934,291
33,625,133
The Beauty Health Co. (a)(b)
 
974,739
11,170,509
 
 
 
44,795,642
TOTAL CONSUMER STAPLES
 
 
288,989,075
ENERGY - 5.5%
 
 
 
Energy Equipment & Services - 1.8%
 
 
 
Championx Corp.
 
525,643
14,234,412
Liberty Oilfield Services, Inc. Class A
 
1,782,991
22,840,115
Nextier Oilfield Solutions, Inc. (a)
 
2,083,965
16,838,437
TechnipFMC PLC (a)
 
2,817,364
38,569,713
 
 
 
92,482,677
Oil, Gas & Consumable Fuels - 3.7%
 
 
 
Antero Resources Corp. (a)
 
781,184
17,959,420
Civitas Resources, Inc.
 
219,389
15,148,810
Denbury, Inc. (a)
 
536,510
50,099,304
Genesis Energy LP
 
2,521,008
28,134,449
Northern Oil & Gas, Inc. (b)
 
1,201,034
39,838,298
PDC Energy, Inc.
 
245,623
15,977,776
Range Resources Corp.
 
539,427
14,267,844
Scorpio Tankers, Inc.
 
87,236
4,558,081
 
 
 
185,983,982
TOTAL ENERGY
 
 
278,466,659
FINANCIALS - 3.7%
 
 
 
Banks - 0.7%
 
 
 
Cadence Bank
 
489,000
9,887,580
First Interstate Bancsystem, Inc.
 
269,455
6,895,353
Pinnacle Financial Partners, Inc.
 
198,517
10,765,577
Starling Bank Ltd. Series D (a)(d)(e)
 
1,942,800
7,373,674
 
 
 
34,922,184
Capital Markets - 0.9%
 
 
 
Lazard Ltd. Class A
 
372,375
11,655,338
Perella Weinberg Partners (a)(d)
 
2,039,500
16,112,050
StepStone Group, Inc. Class A
 
726,668
16,008,496
 
 
 
43,775,884
Consumer Finance - 0.6%
 
 
 
NerdWallet, Inc. (a)
 
551,603
7,485,253
OneMain Holdings, Inc.
 
329,302
12,635,318
PROG Holdings, Inc. (a)
 
334,200
10,102,866
 
 
 
30,223,437
Financial Services - 0.9%
 
 
 
Flywire Corp. (a)
 
202,644
5,911,125
Remitly Global, Inc. (a)
 
1,746,781
29,345,921
Walker & Dunlop, Inc.
 
193,130
12,999,580
 
 
 
48,256,626
Insurance - 0.6%
 
 
 
BRP Group, Inc. (a)
 
1,113,744
28,055,211
TOTAL FINANCIALS
 
 
185,233,342
HEALTH CARE - 24.9%
 
 
 
Biotechnology - 7.4%
 
 
 
Absci Corp. (a)(b)
 
812,677
1,072,734
ALX Oncology Holdings, Inc. (a)
 
782,910
4,650,485
Arcellx, Inc. (a)
 
385,360
16,447,165
Argenx SE ADR (a)
 
51,951
20,150,754
Ascendis Pharma A/S sponsored ADR (a)
 
222,497
15,565,890
Blueprint Medicines Corp. (a)
 
464,352
23,705,170
Celldex Therapeutics, Inc. (a)
 
533,559
16,775,095
Cyteir Therapeutics, Inc. (a)
 
627,667
1,355,761
Cytokinetics, Inc. (a)
 
783,277
29,294,560
Day One Biopharmaceuticals, Inc. (a)(b)
 
690,096
8,557,190
Halozyme Therapeutics, Inc. (a)
 
226,383
7,273,686
Immunocore Holdings PLC ADR (a)(b)
 
314,290
18,244,535
Janux Therapeutics, Inc. (a)
 
420,628
6,444,021
Karuna Therapeutics, Inc. (a)
 
24,000
4,762,560
Keros Therapeutics, Inc. (a)
 
261,586
11,602,647
Krystal Biotech, Inc. (a)
 
95,300
8,005,200
Monte Rosa Therapeutics, Inc. (a)
 
628,148
2,851,792
Morphic Holding, Inc. (a)
 
361,083
17,064,783
Nuvalent, Inc. Class A (a)(b)
 
551,531
19,518,682
PepGen, Inc.
 
343,883
5,189,194
Prelude Therapeutics, Inc. (a)
 
678,471
4,382,923
PTC Therapeutics, Inc. (a)
 
563,443
31,068,247
Relay Therapeutics, Inc. (a)(b)
 
444,138
5,049,849
Tango Therapeutics, Inc. (a)
 
1,267,331
4,308,925
Tenaya Therapeutics, Inc. (a)
 
794,996
4,225,404
Tyra Biosciences, Inc. (a)(b)
 
685,012
9,706,620
Vaxcyte, Inc. (a)
 
595,031
25,485,178
Vericel Corp. (a)
 
290,960
9,168,150
Verve Therapeutics, Inc. (a)(b)
 
537,511
8,562,550
Viking Therapeutics, Inc. (a)(b)
 
690,000
14,703,900
Xenon Pharmaceuticals, Inc. (a)
 
340,725
13,724,403
Zentalis Pharmaceuticals, Inc. (a)
 
319,000
7,027,570
 
 
 
375,945,623
Health Care Equipment & Supplies - 5.6%
 
 
 
Envista Holdings Corp. (a)
 
377,843
14,543,177
Haemonetics Corp. (a)
 
690,325
57,787,106
Inspire Medical Systems, Inc. (a)
 
80,343
21,502,197
Insulet Corp. (a)
 
188,016
59,796,609
Merit Medical Systems, Inc. (a)
 
133,300
10,835,957
Neogen Corp. (a)
 
541,678
9,327,695
NeuroPace, Inc. (a)(b)
 
999,677
4,998,385
Nevro Corp. (a)
 
259,150
7,585,321
Nyxoah SA (a)(b)
 
110,055
889,244
PROCEPT BioRobotics Corp. (a)
 
486,284
14,778,171
Pulmonx Corp. (a)
 
704,638
8,279,497
Shockwave Medical, Inc. (a)
 
121,600
35,283,456
TransMedics Group, Inc. (a)
 
478,867
37,878,380
 
 
 
283,485,195
Health Care Providers & Services - 5.3%
 
 
 
Acadia Healthcare Co., Inc. (a)
 
570,297
41,226,770
agilon health, Inc. (a)(b)
 
1,812,737
43,995,127
Chemed Corp.
 
28,500
15,710,625
Molina Healthcare, Inc. (a)
 
170,407
50,762,541
Option Care Health, Inc. (a)
 
1,106,456
35,572,560
R1 Rcm, Inc. (b)
 
1,940,706
30,255,607
Surgery Partners, Inc. (a)
 
917,296
36,379,959
The Ensign Group, Inc.
 
160,000
15,534,400
 
 
 
269,437,589
Health Care Technology - 1.6%
 
 
 
Evolent Health, Inc. (a)
 
1,048,922
38,191,250
Phreesia, Inc. (a)
 
978,175
30,949,457
Schrodinger, Inc. (a)
 
341,480
10,080,490
 
 
 
79,221,197
Life Sciences Tools & Services - 1.6%
 
 
 
Medpace Holdings, Inc. (a)
 
164,069
32,836,770
Olink Holding AB ADR (a)
 
808,648
17,442,537
Pacific Biosciences of California, Inc. (a)
 
310,500
3,291,300
Sotera Health Co. (a)
 
298,032
4,997,997
Syneos Health, Inc. (a)
 
259,869
10,202,457
Veterinary Emergency Group LLC Class A (a)(d)(e)(g)
 
190,561
10,562,796
 
 
 
79,333,857
Pharmaceuticals - 3.4%
 
 
 
Arvinas Holding Co. LLC (a)
 
405,056
10,616,518
Axsome Therapeutics, Inc. (a)(b)
 
244,368
17,479,643
DICE Therapeutics, Inc. (a)(b)
 
393,539
12,790,018
Edgewise Therapeutics, Inc. (a)
 
1,366,398
11,983,310
Enliven Therapeutics, Inc. (a)(b)
 
610,368
11,621,407
Ikena Oncology, Inc. (a)
 
708,596
3,883,106
Intra-Cellular Therapies, Inc. (a)
 
593,870
36,909,021
Pharvaris BV (a)
 
683,085
6,386,845
Terns Pharmaceuticals, Inc. (a)(b)
 
2,379,660
31,054,563
Ventyx Biosciences, Inc. (a)
 
370,084
13,915,158
Verona Pharma PLC ADR (a)
 
673,164
14,102,786
 
 
 
170,742,375
TOTAL HEALTH CARE
 
 
1,258,165,836
INDUSTRIALS - 21.4%
 
 
 
Aerospace & Defense - 1.5%
 
 
 
BWX Technologies, Inc.
 
391,102
25,257,367
Curtiss-Wright Corp.
 
187,128
31,779,948
V2X, Inc. (a)
 
472,764
20,423,405
 
 
 
77,460,720
Air Freight & Logistics - 0.3%
 
 
 
Air Transport Services Group, Inc. (a)
 
506,973
10,296,622
Hub Group, Inc. Class A (a)
 
95,163
7,175,290
 
 
 
17,471,912
Building Products - 1.4%
 
 
 
Tecnoglass, Inc.
 
301,300
13,212,005
The AZEK Co., Inc. (a)(b)
 
822,893
22,333,316
UFP Industries, Inc.
 
418,241
32,840,283
 
 
 
68,385,604
Commercial Services & Supplies - 0.6%
 
 
 
ACV Auctions, Inc. Class A (a)
 
789,767
10,290,664
Driven Brands Holdings, Inc. (a)
 
582,124
17,871,207
 
 
 
28,161,871
Construction & Engineering - 2.0%
 
 
 
Bowman Consulting Group Ltd. (a)
 
355,576
10,596,165
EMCOR Group, Inc.
 
268,173
45,857,583
Valmont Industries, Inc. (b)
 
47,733
13,869,300
Willscot Mobile Mini Holdings (a)
 
674,369
30,616,353
 
 
 
100,939,401
Electrical Equipment - 3.0%
 
 
 
Acuity Brands, Inc.
 
96,762
15,228,404
Array Technologies, Inc. (a)
 
1,211,536
24,775,911
Atkore, Inc. (a)
 
246,258
31,109,773
Generac Holdings, Inc. (a)
 
85,700
8,760,254
nVent Electric PLC (b)
 
739,849
31,021,869
Regal Rexnord Corp.
 
256,857
33,432,507
Thermon Group Holdings, Inc. (a)
 
302,399
6,283,851
 
 
 
150,612,569
Ground Transportation - 0.4%
 
 
 
U-Haul Holding Co. (b)
 
139,522
8,519,213
U-Haul Holding Co. (non-vtg.)
 
204,658
11,071,998
 
 
 
19,591,211
Machinery - 3.4%
 
 
 
Chart Industries, Inc. (a)(b)
 
95,872
12,760,563
Crane Co.
 
233,917
16,858,398
Crane Nxt Co.
 
233,917
11,078,309
ESAB Corp.
 
213,873
12,481,628
Federal Signal Corp.
 
757,174
38,903,600
ITT, Inc.
 
223,460
18,868,962
Mueller Industries, Inc. (b)
 
400,703
28,790,511
Terex Corp.
 
338,661
15,100,894
Timken Co.
 
252,280
19,387,718
 
 
 
174,230,583
Marine Transportation - 0.3%
 
 
 
Kirby Corp. (a)
 
218,384
15,688,707
Professional Services - 6.6%
 
 
 
ASGN, Inc. (a)
 
250,549
17,936,803
CACI International, Inc. Class A (a)
 
190,283
59,619,470
CBIZ, Inc. (a)
 
218,161
11,494,903
Concentrix Corp.
 
144,065
13,903,713
ExlService Holdings, Inc. (a)
 
290,722
51,858,990
FTI Consulting, Inc. (a)
 
136,006
24,549,083
ICF International, Inc.
 
150,467
17,153,238
Insperity, Inc.
 
217,842
26,676,931
KBR, Inc.
 
925,914
52,527,101
Maximus, Inc.
 
675,435
56,500,138
 
 
 
332,220,370
Trading Companies & Distributors - 1.9%
 
 
 
Alligo AB (B Shares)
 
911,400
10,167,104
Applied Industrial Technologies, Inc.
 
426,023
57,794,280
Custom Truck One Source, Inc. Class A (a)(b)
 
1,644,216
10,325,676
WESCO International, Inc.
 
114,595
16,501,680
 
 
 
94,788,740
TOTAL INDUSTRIALS
 
 
1,079,551,688
INFORMATION TECHNOLOGY - 13.9%
 
 
 
Communications Equipment - 0.6%
 
 
 
Harmonic, Inc. (a)
 
1,203,541
16,957,893
Lumentum Holdings, Inc. (a)
 
246,622
11,899,512
NetScout Systems, Inc. (a)
 
60,862
1,656,055
 
 
 
30,513,460
Electronic Equipment, Instruments & Components - 2.0%
 
 
 
Fabrinet (a)
 
225,729
21,432,969
Insight Enterprises, Inc. (a)
 
272,583
32,968,914
Napco Security Technologies, Inc. (a)
 
417,741
12,949,971
Richardson Electronics Ltd. (b)
 
438,281
6,762,676
TD SYNNEX Corp.
 
141,208
12,573,160
Vontier Corp.
 
625,461
16,968,757
 
 
 
103,656,447
IT Services - 0.4%
 
 
 
Wix.com Ltd. (a)
 
234,554
20,460,145
Semiconductors & Semiconductor Equipment - 3.7%
 
 
 
AEHR Test Systems (a)(b)
 
331,384
8,201,754
Allegro MicroSystems LLC (a)
 
671,751
24,028,533
Axcelis Technologies, Inc. (a)
 
208,158
24,625,091
Cirrus Logic, Inc. (a)
 
267,887
22,982,026
eMemory Technology, Inc.
 
278,000
16,610,499
Impinj, Inc. (a)
 
179,416
15,862,169
Lattice Semiconductor Corp. (a)
 
402,207
32,055,898
MACOM Technology Solutions Holdings, Inc. (a)
 
499,914
29,164,983
Nova Ltd. (a)
 
138,758
12,689,419
 
 
 
186,220,372
Software - 6.3%
 
 
 
Agilysys, Inc. (a)
 
125,842
9,820,710
Algolia, Inc. (a)(d)(e)
 
234,640
3,808,207
Alkami Technology, Inc. (a)(b)
 
871,652
10,451,107
Braze, Inc. (a)(b)
 
190,853
5,611,078
CCC Intelligent Solutions Holdings, Inc. (a)(d)
 
48,511
421,075
Confluent, Inc. (a)(b)
 
435,123
9,572,706
Convoy, Inc. warrants (a)(d)(e)
 
59,855
180,762
Cvent Holding Corp. (a)(b)
 
3,259,840
27,415,254
DoubleVerify Holdings, Inc. (a)(b)
 
1,016,157
29,895,339
Dynatrace, Inc. (a)
 
755,537
31,944,104
Elastic NV (a)
 
343,785
19,681,691
Intapp, Inc. (a)
 
337,333
13,601,267
Lightspeed Commerce, Inc. (a)(b)
 
489,674
6,429,420
Pagerduty, Inc. (a)
 
548,100
16,475,886
Sprout Social, Inc. (a)
 
736,979
36,303,586
TECSYS, Inc. (b)
 
690,776
13,042,071
Tenable Holdings, Inc. (a)
 
991,316
36,668,779
WalkMe Ltd. (a)(b)
 
841,999
8,790,470
Workiva, Inc. (a)
 
389,823
36,417,265
 
 
 
316,530,777
Technology Hardware, Storage & Peripherals - 0.9%
 
 
 
Avid Technology, Inc. (a)
 
1,554,318
45,867,924
TOTAL INFORMATION TECHNOLOGY
 
 
703,249,125
MATERIALS - 5.5%
 
 
 
Chemicals - 3.7%
 
 
 
Avient Corp.
 
407,400
15,688,974
Axalta Coating Systems Ltd. (a)
 
583,858
18,432,397
Cabot Corp.
 
777,052
55,761,252
Element Solutions, Inc.
 
722,949
13,121,524
Olin Corp.
 
275,889
15,284,251
Orion Engineered Carbons SA
 
1,170,111
28,328,387
The Chemours Co. LLC
 
924,680
26,880,448
Valvoline, Inc.
 
401,356
13,866,850
 
 
 
187,364,083
Construction Materials - 0.3%
 
 
 
Eagle Materials, Inc.
 
93,913
13,918,846
Containers & Packaging - 1.2%
 
 
 
Ardagh Metal Packaging SA (a)(d)
 
1,634,000
6,666,720
O-I Glass, Inc. (a)
 
1,757,491
39,490,823
Silgan Holdings, Inc.
 
334,400
16,472,544
 
 
 
62,630,087
Paper & Forest Products - 0.3%
 
 
 
Louisiana-Pacific Corp.
 
238,800
14,265,912
TOTAL MATERIALS
 
 
278,178,928
UTILITIES - 0.2%
 
 
 
Independent Power and Renewable Electricity Producers - 0.2%
 
 
 
Sunnova Energy International, Inc. (a)(b)
 
446,292
8,015,404
 
TOTAL COMMON STOCKS
 (Cost $4,486,489,434)
 
 
 
4,932,476,896
 
 
 
 
Convertible Preferred Stocks - 2.1%
 
 
Shares
Value ($)
 
COMMUNICATION SERVICES - 0.2%
 
 
 
Interactive Media & Services - 0.2%
 
 
 
Reddit, Inc. Series F (a)(d)(e)
 
253,500
9,224,865
HEALTH CARE - 0.6%
 
 
 
Biotechnology - 0.5%
 
 
 
Bright Peak Therapeutics AG Series B (a)(d)(e)
 
1,079,522
3,011,866
Caris Life Sciences, Inc. Series D (a)(d)(e)
 
780,603
4,371,377
LifeMine Therapeutics, Inc. Series C (a)(d)(e)
 
2,048,403
3,584,705
Sonoma Biotherapeutics, Inc.:
 
 
 
 Series B (a)(d)(e)
 
2,370,360
6,162,936
 Series B1 (a)(d)(e)
 
1,264,171
3,741,946
T-Knife Therapeutics, Inc. Series B (a)(d)(e)
 
1,097,257
4,037,906
Treeline Biosciences Series A (a)(d)(e)
 
115,000
898,150
 
 
 
25,808,886
Health Care Providers & Services - 0.1%
 
 
 
Boundless Bio, Inc.:
 
 
 
 Series B (a)(d)(e)
 
3,017,761
2,595,274
 Series C (d)(e)
 
2,110,183
1,477,128
 
 
 
4,072,402
Health Care Technology - 0.0%
 
 
 
Wugen, Inc. Series B (a)(d)(e)
 
326,496
1,521,471
TOTAL HEALTH CARE
 
 
31,402,759
INDUSTRIALS - 0.5%
 
 
 
Construction & Engineering - 0.5%
 
 
 
Beta Technologies, Inc.:
 
 
 
 Series A (a)(d)(e)
 
278,129
19,307,715
 Series B, 6.00% (a)(d)(e)
 
85,106
6,266,355
 
 
 
25,574,070
INFORMATION TECHNOLOGY - 0.8%
 
 
 
Communications Equipment - 0.3%
 
 
 
Astranis Space Technologies Corp.:
 
 
 
 Series C (a)(d)(e)
 
557,717
12,225,157
 Series C (d)(e)
 
87,241
1,912,323
 
 
 
14,137,480
IT Services - 0.2%
 
 
 
Yanka Industries, Inc.:
 
 
 
 Series E (a)(d)(e)
 
869,641
7,200,627
 Series F (a)(d)(e)
 
127,716
1,057,488
 
 
 
8,258,115
Software - 0.3%
 
 
 
Algolia, Inc. Series D (a)(d)(e)
 
53,800
873,174
Convoy, Inc. Series D (a)(d)(e)
 
913,444
5,846,042
Mountain Digital, Inc. Series D (a)(d)(e)
 
729,676
9,040,686
Skyryse, Inc. Series B (a)(d)(e)
 
62,100
1,309,068
 
 
 
17,068,970
TOTAL INFORMATION TECHNOLOGY
 
 
39,464,565
 
TOTAL CONVERTIBLE PREFERRED STOCKS
 (Cost $144,225,371)
 
 
 
105,666,259
 
 
 
 
Convertible Bonds - 0.0%
 
 
Principal
Amount (h)
 
Value ($)
 
INFORMATION TECHNOLOGY - 0.0%
 
 
 
Software - 0.0%
 
 
 
Convoy, Inc. 15% 9/30/26 (d)(e)
 
  (Cost $398,614)
 
 
398,614
409,775
 
 
 
 
Money Market Funds - 8.0%
 
 
Shares
Value ($)
 
Fidelity Cash Central Fund 4.88% (i)
 
55,989,182
56,000,380
Fidelity Securities Lending Cash Central Fund 4.88% (i)(j)
 
347,707,304
347,742,075
 
TOTAL MONEY MARKET FUNDS
 (Cost $403,742,455)
 
 
403,742,455
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 107.7%
 (Cost $5,034,855,874)
 
 
 
5,442,295,385
NET OTHER ASSETS (LIABILITIES) - (7.7)%  
(389,351,531)
NET ASSETS - 100.0%
5,052,943,854
 
 
Legend
 
(a)
Non-income producing
 
(b)
Security or a portion of the security is on loan at period end.
 
(c)
Affiliated company
 
(d)
Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues).  At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $204,683,045 or 4.1% of net assets.
 
(e)
Level 3 security
 
(f)
Security exempt from registration under Rule 144A of the Securities Act of 1933.  These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $978,405 or 0.0% of net assets.
 
(g)
Investment is owned by a wholly-owned subsidiary (Subsidiary) that is treated as a corporation for U.S. tax purposes.
 
(h)
Amount is stated in United States dollars unless otherwise noted.
 
(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 ($)
 
Algolia, Inc.
10/27/21
6,862,059
 
 
 
Algolia, Inc. Series D
7/23/21
1,573,384
 
 
 
Ardagh Metal Packaging SA
2/22/21
16,340,000
 
 
 
Astranis Space Technologies Corp. Series C
3/19/21 - 4/05/23
14,138,079
 
 
 
Beta Technologies, Inc. Series A
4/09/21
20,378,512
 
 
 
Beta Technologies, Inc. Series B, 6.00%
4/04/22
8,780,386
 
 
 
Boundless Bio, Inc. Series B
4/23/21
4,073,977
 
 
 
Boundless Bio, Inc. Series C
4/05/23
1,477,128
 
 
 
Bright Peak Therapeutics AG Series B
5/14/21
4,216,613
 
 
 
Caris Life Sciences, Inc. Series D
5/11/21
6,322,884
 
 
 
CCC Intelligent Solutions Holdings, Inc.
2/02/21
485,110
 
 
 
Convoy, Inc. Series D
10/30/19
12,368,032
 
 
 
Convoy, Inc. warrants
3/24/23
0
 
 
 
Convoy, Inc. 15% 9/30/26
3/24/23
398,614
 
 
 
Fanatics, Inc. Class A
8/13/20 - 3/22/21
12,874,623
 
 
 
LifeMine Therapeutics, Inc. Series C
2/15/22
4,171,757
 
 
 
Mountain Digital, Inc. Series D
11/05/21
16,757,228
 
 
 
Perella Weinberg Partners
12/29/20
20,395,000
 
 
 
Reddit, Inc. Series F
8/11/21
15,664,880
 
 
 
Skyryse, Inc. Series B
10/21/21
1,532,626
 
 
 
Sonoma Biotherapeutics, Inc. Series B
7/26/21
4,684,542
 
 
 
Sonoma Biotherapeutics, Inc. Series B1
7/26/21
3,747,635
 
 
 
Starling Bank Ltd. Series D
6/18/21 - 4/05/22
3,728,430
 
 
 
T-Knife Therapeutics, Inc. Series B
6/30/21
6,329,856
 
 
 
Treeline Biosciences Series A
7/30/21
900,163
 
 
 
Veterinary Emergency Group LLC Class A
9/16/21 - 3/17/22
9,337,564
 
 
 
Wugen, Inc. Series B
7/09/21
2,531,944
 
 
 
Yanka Industries, Inc. Series E
5/15/20
10,504,568
 
 
 
Yanka Industries, Inc. Series F
4/08/21
4,071,177
 
 
 
 
 
Affiliated Central Funds
 
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
 
 
Affiliate
Value,
beginning
of period ($)
Purchases ($)
Sales
Proceeds ($)
Dividend
Income ($)
Realized
Gain (loss) ($)
Change in
Unrealized
appreciation
(depreciation) ($)
Value,
end
of period ($)
% ownership,
end
of period
Fidelity Cash Central Fund 4.88%
52,799,304
979,746,599
976,545,523
1,006,478
-
-
56,000,380
0.1%
Fidelity Securities Lending Cash Central Fund 4.88%
400,159,025
949,608,028
1,002,024,978
2,271,200
-
-
347,742,075
1.1%
Total
452,958,329
1,929,354,627
1,978,570,501
3,277,678
-
-
403,742,455
 
 
 
 
 
 
 
 
 
 
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 ($) column means either the issuer is no longer held at period end, or the issuer is held at period end but is no longer an affiliate.
Affiliate
Value,
beginning
of period ($)
Purchases ($)
Sales
Proceeds ($)
Dividend
Income ($)
Realized
Gain (loss) ($)
Change in
Unrealized
appreciation
(depreciation) ($)
Value,
end
of period ($)
Avid Technology, Inc.
65,716,436
3,491,053
25,151,217
-
(5,631,458)
7,443,110
-
BARK, Inc.
3,021,230
-
5,925,292
-
(27,712,366)
18,664,428
-
BARK, Inc.
1,709,136
-
-
-
-
10,242,864
-
BARK, Inc. warrants 8/29/25
92,317
-
2,549
-
(24,533)
16,810
-
Enliven Therapeutics, Inc.
-
7,944,334
-
-
-
-
-
Lindblad Expeditions Holdings
25,014,078
9,158,369
5,859,084
-
(2,967,091)
13,845,864
39,192,136
Lovesac
21,433,624
11,991,562
3,177,188
-
(5,809,742)
1,315,270
25,753,526
Rover Group, Inc. Class A
10,653,724
6,035,101
284,712
-
12,302
64,713
16,481,128
Total
127,640,545
38,620,419
40,400,042
-
(42,132,888)
51,593,059
81,426,790
 
 
 
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 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.