NPORT-EX 2 QTLY_1271_20231031.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Blue Chip Value Fund
October 31, 2023
BCV-NPRT1-1223
1.809087.120
Common Stocks - 95.0%
 
 
Shares
Value ($)
 
COMMUNICATION SERVICES - 5.4%
 
 
 
Media - 5.4%
 
 
 
Comcast Corp. Class A
 
887,800
36,657,262
CONSUMER DISCRETIONARY - 3.8%
 
 
 
Diversified Consumer Services - 3.8%
 
 
 
H&R Block, Inc.
 
639,320
26,244,086
CONSUMER STAPLES - 8.3%
 
 
 
Food Products - 3.5%
 
 
 
Mondelez International, Inc.
 
230,600
15,268,026
Tyson Foods, Inc. Class A
 
197,100
9,135,585
 
 
 
24,403,611
Household Products - 1.8%
 
 
 
Reckitt Benckiser Group PLC
 
180,500
12,076,706
Personal Care Products - 3.0%
 
 
 
Kenvue, Inc.
 
1,097,600
20,415,360
TOTAL CONSUMER STAPLES
 
 
56,895,677
ENERGY - 11.2%
 
 
 
Oil, Gas & Consumable Fuels - 11.2%
 
 
 
Exxon Mobil Corp.
 
288,300
30,516,555
Ovintiv, Inc.
 
170,700
8,193,600
Parex Resources, Inc.
 
1,071,300
20,533,733
Shell PLC ADR
 
273,900
17,841,846
 
 
 
77,085,734
FINANCIALS - 19.7%
 
 
 
Banks - 12.4%
 
 
 
Bank of America Corp.
 
850,800
22,410,072
JPMorgan Chase & Co.
 
218,900
30,440,234
PNC Financial Services Group, Inc.
 
96,000
10,989,120
U.S. Bancorp
 
315,100
10,045,388
Wells Fargo & Co.
 
288,600
11,477,622
 
 
 
85,362,436
Financial Services - 3.3%
 
 
 
Berkshire Hathaway, Inc. Class B (a)
 
65,300
22,288,849
Insurance - 4.0%
 
 
 
Chubb Ltd.
 
73,500
15,774,570
The Travelers Companies, Inc.
 
69,900
11,704,056
 
 
 
27,478,626
TOTAL FINANCIALS
 
 
135,129,911
HEALTH CARE - 21.8%
 
 
 
Health Care Providers & Services - 17.1%
 
 
 
Centene Corp. (a)
 
434,500
29,971,810
Cigna Group
 
124,300
38,433,561
Elevance Health, Inc.
 
34,500
15,528,105
Humana, Inc.
 
27,400
14,349,106
UnitedHealth Group, Inc.
 
36,000
19,280,160
 
 
 
117,562,742
Pharmaceuticals - 4.7%
 
 
 
AstraZeneca PLC sponsored ADR
 
188,267
11,904,122
Roche Holding AG (participation certificate)
 
30,370
7,826,642
Sanofi SA sponsored ADR
 
269,700
12,203,925
 
 
 
31,934,689
TOTAL HEALTH CARE
 
 
149,497,431
INDUSTRIALS - 5.3%
 
 
 
Aerospace & Defense - 2.0%
 
 
 
Northrop Grumman Corp.
 
29,800
14,048,614
Electrical Equipment - 1.7%
 
 
 
Regal Rexnord Corp.
 
96,200
11,391,042
Industrial Conglomerates - 1.6%
 
 
 
Siemens AG
 
81,400
10,801,688
TOTAL INDUSTRIALS
 
 
36,241,344
INFORMATION TECHNOLOGY - 5.5%
 
 
 
IT Services - 4.1%
 
 
 
Amdocs Ltd.
 
350,600
28,104,096
Software - 1.4%
 
 
 
Gen Digital, Inc.
 
585,700
9,757,762
TOTAL INFORMATION TECHNOLOGY
 
 
37,861,858
MATERIALS - 1.7%
 
 
 
Chemicals - 1.7%
 
 
 
DuPont de Nemours, Inc.
 
159,200
11,602,496
UTILITIES - 12.3%
 
 
 
Electric Utilities - 10.9%
 
 
 
Constellation Energy Corp.
 
117,633
13,283,118
Edison International
 
219,000
13,810,140
PG&E Corp. (a)
 
2,081,100
33,921,930
Southern Co.
 
203,000
13,661,900
 
 
 
74,677,088
Independent Power and Renewable Electricity Producers - 1.4%
 
 
 
The AES Corp.
 
657,000
9,789,300
TOTAL UTILITIES
 
 
84,466,388
 
TOTAL COMMON STOCKS
 (Cost $567,204,611)
 
 
 
651,682,187
 
 
 
 
Nonconvertible Preferred Stocks - 3.3%
 
 
Shares
Value ($)
 
INFORMATION TECHNOLOGY - 3.3%
 
 
 
Technology Hardware, Storage & Peripherals - 3.3%
 
 
 
Samsung Electronics Co. Ltd.
 
  (Cost $24,311,909)
 
 
559,610
22,309,157
 
 
 
 
Money Market Funds - 1.1%
 
 
Shares
Value ($)
 
Fidelity Cash Central Fund 5.40% (b)
 
 (Cost $7,767,960)
 
 
7,766,407
7,767,960
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 99.4%
 (Cost $599,284,480)
 
 
 
681,759,304
NET OTHER ASSETS (LIABILITIES) - 0.6%  
4,393,596
NET ASSETS - 100.0%
686,152,900
 
 
Legend
 
(a)
Non-income producing
 
(b)
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.
 
 
 
 
 
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 5.40%
14,455,664
234,804,460
241,492,164
293,035
-
-
7,767,960
0.0%
Fidelity Securities Lending Cash Central Fund 5.40%
11,310,750
16,381,356
27,692,106
28,969
-
-
-
0.0%
Total
25,766,414
251,185,816
269,184,270
322,004
-
-
7,767,960
 
 
 
 
 
 
 
 
 
 
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.
 
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.
 
Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
 
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.
 
For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.
 
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.
 
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