NPORT-EX 2 QTLY_1388_20231031.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Small Cap Growth Fund
October 31, 2023
SCP-NPRT1-1223
1.823237.119
Common Stocks - 94.2%
 
 
Shares
Value ($)
 
COMMUNICATION SERVICES - 0.9%
 
 
 
Interactive Media & Services - 0.5%
 
 
 
Cars.com, Inc. (a)
 
1,494,614
22,762,971
Media - 0.2%
 
 
 
TechTarget, Inc. (a)
 
359,235
9,045,537
Wireless Telecommunication Services - 0.2%
 
 
 
Gogo, Inc. (a)
 
637,677
6,695,609
TOTAL COMMUNICATION SERVICES
 
 
38,504,117
CONSUMER DISCRETIONARY - 12.2%
 
 
 
Automobile Components - 0.6%
 
 
 
Autoliv, Inc.
 
262,018
24,013,950
Gentherm, Inc. (a)
 
106,808
4,295,818
 
 
 
28,309,768
Broadline Retail - 0.3%
 
 
 
Savers Value Village, Inc. (b)
 
910,138
13,624,766
Diversified Consumer Services - 2.1%
 
 
 
Duolingo, Inc. (a)
 
204,757
29,904,760
Grand Canyon Education, Inc. (a)
 
140,396
16,613,059
H&R Block, Inc.
 
345,909
14,199,564
OneSpaWorld Holdings Ltd. (a)
 
1,061,539
11,124,929
Rover Group, Inc. Class A (a)
 
3,839,772
24,766,529
 
 
 
96,608,841
Hotels, Restaurants & Leisure - 1.9%
 
 
 
Brinker International, Inc. (a)
 
903,161
30,635,221
Dutch Bros, Inc. (a)(b)
 
573,332
13,954,901
GEN Restaurant Group, Inc. (b)
 
317,315
2,735,255
Kura Sushi U.S.A., Inc. Class A (a)(b)
 
188,606
10,776,947
Lindblad Expeditions Holdings (a)
 
349,222
2,172,161
Red Rock Resorts, Inc.
 
400,920
15,856,386
SeaWorld Entertainment, Inc. (a)
 
269,673
11,617,513
 
 
 
87,748,384
Household Durables - 2.2%
 
 
 
Helen of Troy Ltd. (a)(b)
 
157,197
15,455,609
KB Home
 
493,074
21,793,871
LGI Homes, Inc. (a)
 
214,964
20,316,248
Lovesac (a)(b)(c)
 
805,193
13,253,477
SharkNinja Hong Kong Co. Ltd. (b)
 
737,073
30,780,168
 
 
 
101,599,373
Leisure Products - 0.4%
 
 
 
Games Workshop Group PLC
 
58,744
7,050,789
YETI Holdings, Inc. (a)(b)
 
252,899
10,753,265
 
 
 
17,804,054
Specialty Retail - 3.6%
 
 
 
Aritzia, Inc. (a)
 
531,887
8,273,159
BARK, Inc. warrants 8/29/25 (a)
 
564,683
39,528
Boot Barn Holdings, Inc. (a)
 
340,163
23,641,329
Fanatics, Inc. Class A (a)(d)(e)
 
726,062
55,776,083
Floor & Decor Holdings, Inc. Class A (a)(b)
 
130,131
10,722,794
Murphy U.S.A., Inc.
 
107,406
38,955,082
Musti Group OYJ
 
475,982
9,372,676
thredUP, Inc. (a)(b)
 
2,253,896
7,257,545
Valvoline, Inc.
 
389,998
11,571,241
 
 
 
165,609,437
Textiles, Apparel & Luxury Goods - 1.1%
 
 
 
Crocs, Inc. (a)
 
217,288
19,408,164
Kontoor Brands, Inc.
 
603,603
28,037,359
 
 
 
47,445,523
TOTAL CONSUMER DISCRETIONARY
 
 
558,750,146
CONSUMER STAPLES - 5.0%
 
 
 
Beverages - 1.3%
 
 
 
Boston Beer Co., Inc. Class A (a)
 
77,041
25,727,842
The Vita Coco Co., Inc. (a)(b)
 
1,199,035
32,493,849
 
 
 
58,221,691
Consumer Staples Distribution & Retail - 2.5%
 
 
 
Casey's General Stores, Inc.
 
24,021
6,531,550
Performance Food Group Co. (a)
 
679,840
39,267,558
Sprouts Farmers Market LLC (a)(b)
 
974,730
40,958,155
U.S. Foods Holding Corp. (a)
 
763,264
29,721,500
 
 
 
116,478,763
Food Products - 0.3%
 
 
 
Nomad Foods Ltd. (a)
 
926,711
12,807,146
Personal Care Products - 0.9%
 
 
 
BellRing Brands, Inc. (a)
 
701,060
30,657,354
elf Beauty, Inc. (a)
 
114,500
10,606,135
 
 
 
41,263,489
TOTAL CONSUMER STAPLES
 
 
228,771,089
ENERGY - 6.3%
 
 
 
Energy Equipment & Services - 4.2%
 
 
 
Cactus, Inc.
 
537,822
25,245,365
Championx Corp.
 
441,292
13,591,794
Expro Group Holdings NV (a)
 
977,413
15,394,255
Liberty Oilfield Services, Inc. Class A
 
1,695,232
33,396,070
Patterson-UTI Energy, Inc.
 
1,313,634
16,683,152
TechnipFMC PLC
 
2,226,841
47,921,618
Weatherford International PLC (a)
 
446,358
41,551,466
 
 
 
193,783,720
Oil, Gas & Consumable Fuels - 2.1%
 
 
 
Antero Resources Corp. (a)
 
777,988
22,903,967
Northern Oil & Gas, Inc.
 
1,196,121
45,859,279
Range Resources Corp.
 
731,385
26,212,838
 
 
 
94,976,084
TOTAL ENERGY
 
 
288,759,804
FINANCIALS - 4.2%
 
 
 
Banks - 0.6%
 
 
 
First Interstate Bancsystem, Inc.
 
268,353
6,190,904
Pinnacle Financial Partners, Inc.
 
197,705
12,328,884
Starling Bank Ltd. Series D (a)(d)(e)
 
1,942,800
6,942,446
 
 
 
25,462,234
Capital Markets - 1.4%
 
 
 
Houlihan Lokey
 
128,144
12,881,035
Lazard Ltd. Class A
 
370,852
10,298,560
Perella Weinberg Partners (a)(d)
 
2,039,500
20,007,495
StepStone Group, Inc. Class A
 
723,695
20,480,569
 
 
 
63,667,659
Financial Services - 1.6%
 
 
 
Flywire Corp. (a)
 
465,233
12,510,115
Remitly Global, Inc. (a)
 
1,739,635
46,848,371
Walker & Dunlop, Inc.
 
247,773
16,055,690
 
 
 
75,414,176
Insurance - 0.6%
 
 
 
BRP Group, Inc. (a)
 
1,146,833
24,003,215
Selective Insurance Group, Inc.
 
49,994
5,204,875
 
 
 
29,208,090
TOTAL FINANCIALS
 
 
193,752,159
HEALTH CARE - 22.3%
 
 
 
Biotechnology - 7.2%
 
 
 
Absci Corp. (a)
 
809,352
1,052,158
Acelyrin, Inc. (b)
 
175,886
1,791,399
Alkermes PLC (a)
 
307,926
7,448,730
Allogene Therapeutics, Inc. (a)
 
1,578,583
4,451,604
ALX Oncology Holdings, Inc. (a)(b)
 
1,345,546
9,687,931
Arcellx, Inc. (a)
 
383,784
13,528,386
Arrowhead Pharmaceuticals, Inc. (a)
 
233,516
5,742,158
Ascendis Pharma A/S sponsored ADR (a)
 
199,813
17,845,299
Celldex Therapeutics, Inc. (a)
 
531,376
12,497,964
Cogent Biosciences, Inc. (a)
 
831,690
6,786,590
Crinetics Pharmaceuticals, Inc. (a)
 
284,754
8,340,445
Cytokinetics, Inc. (a)
 
790,860
27,569,380
Fusion Pharmaceuticals, Inc. (a)
 
1,745,581
8,047,128
Immunocore Holdings PLC ADR (a)
 
126,724
5,626,546
ImmunoGen, Inc. (a)
 
281,858
4,188,410
Insmed, Inc. (a)
 
266,876
6,687,913
Janux Therapeutics, Inc. (a)
 
653,622
4,196,253
Karuna Therapeutics, Inc. (a)
 
23,902
3,982,312
Keros Therapeutics, Inc. (a)
 
298,170
8,509,772
Krystal Biotech, Inc. (a)
 
56,710
6,627,698
Madrigal Pharmaceuticals, Inc. (a)(b)
 
77,306
10,156,462
Mineralys Therapeutics, Inc.
 
167,902
1,297,882
Monte Rosa Therapeutics, Inc. (a)
 
625,579
2,126,969
Moonlake Immunotherapeutics (a)(b)
 
145,423
7,534,366
Morphic Holding, Inc. (a)
 
359,606
7,174,140
Nuvalent, Inc. Class A (a)
 
549,275
28,611,735
ORIC Pharmaceuticals, Inc. (a)
 
680,350
4,558,345
PepGen, Inc. (a)
 
212,185
1,086,387
Prelude Therapeutics, Inc. (a)
 
652,226
1,102,262
PTC Therapeutics, Inc. (a)
 
367,234
6,885,638
Tango Therapeutics, Inc. (a)(b)
 
1,262,147
10,602,035
Tenaya Therapeutics, Inc. (a)
 
791,744
1,440,974
Tyra Biosciences, Inc. (a)
 
669,855
7,770,318
Vaxcyte, Inc. (a)
 
592,597
28,503,916
Vera Therapeutics, Inc. (a)
 
68,270
711,373
Vericel Corp. (a)
 
413,919
14,561,670
Verve Therapeutics, Inc. (a)(b)
 
345,998
4,165,816
Viking Therapeutics, Inc. (a)(b)
 
687,178
6,741,216
Xenon Pharmaceuticals, Inc. (a)
 
339,331
10,519,261
Zentalis Pharmaceuticals, Inc. (a)
 
740,382
12,112,650
 
 
 
332,271,491
Health Care Equipment & Supplies - 5.1%
 
 
 
Axonics Modulation Technologies, Inc. (a)
 
430,477
22,044,727
Glaukos Corp. (a)
 
325,999
22,233,132
Haemonetics Corp. (a)
 
445,691
37,986,244
ICU Medical, Inc. (a)
 
166,086
16,286,393
Inspire Medical Systems, Inc. (a)
 
85,773
12,622,355
Insulet Corp. (a)
 
47,700
6,323,589
Integer Holdings Corp. (a)
 
197,507
16,031,643
Lantheus Holdings, Inc. (a)
 
421,488
27,228,125
Masimo Corp. (a)
 
93,187
7,560,261
Merit Medical Systems, Inc. (a)
 
95,001
6,530,369
NeuroPace, Inc. (a)(b)
 
473,840
3,198,420
Nyxoah SA (a)(b)
 
84,617
475,548
Penumbra, Inc. (a)
 
50,838
9,717,684
PROCEPT BioRobotics Corp. (a)(b)
 
520,151
13,934,845
Pulmonx Corp. (a)
 
740,434
6,508,415
TransMedics Group, Inc. (a)(b)
 
642,107
24,066,170
 
 
 
232,747,920
Health Care Providers & Services - 4.9%
 
 
 
Acadia Healthcare Co., Inc. (a)
 
436,274
32,070,502
agilon health, Inc. (a)
 
2,074,217
37,335,906
HealthEquity, Inc. (a)
 
613,455
43,972,454
Molina Healthcare, Inc. (a)
 
103,255
34,378,752
Option Care Health, Inc. (a)
 
470,162
13,037,592
Privia Health Group, Inc. (a)
 
788,362
16,571,369
R1 RCM, Inc. (a)(b)
 
834,107
9,834,122
Surgery Partners, Inc. (a)
 
913,544
21,130,273
The Ensign Group, Inc.
 
159,346
15,392,824
 
 
 
223,723,794
Health Care Technology - 0.9%
 
 
 
Evolent Health, Inc. (a)
 
681,172
16,641,032
Phreesia, Inc. (a)
 
1,151,158
15,724,818
Schrodinger, Inc. (a)(b)
 
340,083
7,379,801
 
 
 
39,745,651
Life Sciences Tools & Services - 1.7%
 
 
 
10X Genomics, Inc. (a)
 
253,322
8,937,200
Medpace Holdings, Inc. (a)
 
145,328
35,266,746
Olink Holding AB ADR (a)(b)
 
805,340
20,069,073
Pacific Biosciences of California, Inc. (a)(b)
 
592,467
3,661,446
Veterinary Emergency Group LLC Class A (a)(d)(e)(f)
 
190,561
10,856,260
 
 
 
78,790,725
Pharmaceuticals - 2.5%
 
 
 
Arvinas Holding Co. LLC (a)
 
148,128
2,387,823
CymaBay Therapeutics, Inc. (a)
 
794,236
13,009,586
Edgewise Therapeutics, Inc. (a)
 
1,344,267
8,603,309
Enliven Therapeutics, Inc. (a)(b)
 
607,871
7,531,522
Ikena Oncology, Inc. (a)
 
1,069,177
4,308,783
Intra-Cellular Therapies, Inc. (a)
 
542,201
26,979,922
Pharvaris BV (a)
 
680,291
11,571,750
Structure Therapeutics, Inc. ADR (b)
 
200,357
14,886,525
Terns Pharmaceuticals, Inc. (a)
 
1,980,724
10,418,608
Ventyx Biosciences, Inc. (a)
 
507,801
7,322,490
Verona Pharma PLC ADR (a)
 
662,985
9,248,641
 
 
 
116,268,959
TOTAL HEALTH CARE
 
 
1,023,548,540
INDUSTRIALS - 20.9%
 
 
 
Aerospace & Defense - 1.2%
 
 
 
BWX Technologies, Inc.
 
236,829
17,591,658
V2X, Inc. (a)
 
710,425
36,281,405
 
 
 
53,873,063
Building Products - 1.7%
 
 
 
Simpson Manufacturing Co. Ltd.
 
177,520
23,642,114
Tecnoglass, Inc. (b)
 
558,159
18,240,636
The AZEK Co., Inc. (a)(b)
 
739,425
19,372,935
UFP Industries, Inc.
 
193,388
18,404,736
 
 
 
79,660,421
Commercial Services & Supplies - 0.2%
 
 
 
ACV Auctions, Inc. Class A (a)
 
590,540
7,871,898
Construction & Engineering - 1.1%
 
 
 
EMCOR Group, Inc.
 
123,029
25,423,943
Sterling Construction Co., Inc. (a)
 
186,894
13,615,228
Willscot Mobile Mini Holdings (a)
 
362,223
14,275,208
 
 
 
53,314,379
Electrical Equipment - 3.7%
 
 
 
Acuity Brands, Inc.
 
96,366
15,608,401
Array Technologies, Inc. (a)(b)
 
971,228
16,831,381
Atkore, Inc. (a)
 
211,450
26,279,006
Generac Holdings, Inc. (a)
 
151,378
12,726,348
nVent Electric PLC
 
498,909
24,012,490
Prysmian SpA
 
164,459
6,140,956
Regal Rexnord Corp.
 
255,806
30,289,988
Vertiv Holdings Co.
 
923,642
36,271,421
 
 
 
168,159,991
Ground Transportation - 0.7%
 
 
 
Saia, Inc. (a)
 
39,652
14,214,845
XPO, Inc. (a)
 
228,223
17,301,586
 
 
 
31,516,431
Machinery - 3.8%
 
 
 
Chart Industries, Inc. (a)(b)
 
154,725
17,983,687
Crane Co.
 
262,760
25,574,431
ESAB Corp.
 
236,969
15,000,138
Federal Signal Corp.
 
551,123
31,987,179
ITT, Inc.
 
291,065
27,170,918
Mueller Industries, Inc. (b)
 
650,888
24,544,986
Terex Corp.
 
337,275
15,447,195
Timken Co.
 
245,413
16,962,947
 
 
 
174,671,481
Marine Transportation - 0.3%
 
 
 
Kirby Corp. (a)
 
217,491
16,246,578
Professional Services - 5.4%
 
 
 
CACI International, Inc. Class A (a)
 
151,393
49,166,391
CBIZ, Inc. (a)
 
294,882
15,322,069
ExlService Holdings, Inc. (a)
 
1,122,692
29,313,488
FTI Consulting, Inc. (a)
 
149,310
31,692,541
ICF International, Inc.
 
183,810
23,294,241
Insperity, Inc.
 
120,672
12,771,924
KBR, Inc.
 
681,760
39,644,344
Maximus, Inc.
 
441,952
33,022,653
WNS Holdings Ltd. sponsored ADR (a)
 
240,015
13,037,615
 
 
 
247,265,266
Trading Companies & Distributors - 2.8%
 
 
 
Alligo AB (B Shares)
 
892,800
7,006,462
Applied Industrial Technologies, Inc.
 
437,741
67,197,621
FTAI Aviation Ltd. (b)
 
1,196,148
44,987,126
Xometry, Inc. (a)(b)
 
562,917
8,190,442
 
 
 
127,381,651
TOTAL INDUSTRIALS
 
 
959,961,159
INFORMATION TECHNOLOGY - 18.4%
 
 
 
Communications Equipment - 0.6%
 
 
 
Extreme Networks, Inc. (a)
 
796,087
16,415,314
Lumentum Holdings, Inc. (a)
 
245,613
9,630,486
 
 
 
26,045,800
Electronic Equipment, Instruments & Components - 4.2%
 
 
 
Advanced Energy Industries, Inc.
 
371,903
32,452,256
Badger Meter, Inc.
 
68,916
9,548,312
Crane Nxt Co.
 
374,462
19,472,024
Fabrinet (a)
 
282,916
43,851,980
Insight Enterprises, Inc. (a)
 
299,430
42,908,319
TD SYNNEX Corp.
 
140,630
12,892,958
Vontier Corp.
 
1,129,737
33,395,026
 
 
 
194,520,875
IT Services - 1.2%
 
 
 
Fastly, Inc. Class A (a)
 
861,254
12,634,596
Softcat PLC
 
836,480
12,861,250
Wix.com Ltd. (a)
 
377,243
30,141,716
 
 
 
55,637,562
Semiconductors & Semiconductor Equipment - 3.3%
 
 
 
Allegro MicroSystems LLC (a)
 
440,101
11,425,022
Cirrus Logic, Inc. (a)
 
296,071
19,816,032
Impinj, Inc. (a)
 
37,554
2,426,364
Lattice Semiconductor Corp. (a)
 
363,943
20,238,870
MACOM Technology Solutions Holdings, Inc. (a)
 
584,763
41,249,182
Nova Ltd. (a)
 
271,338
25,768,970
Onto Innovation, Inc. (a)
 
154,922
17,408,585
Rambus, Inc. (a)
 
213,541
11,601,683
 
 
 
149,934,708
Software - 8.3%
 
 
 
Alarm.com Holdings, Inc. (a)
 
260,584
13,323,660
Algolia, Inc. (a)(d)(e)
 
234,640
2,855,569
Alkami Technology, Inc. (a)
 
868,086
15,582,144
CommVault Systems, Inc. (a)
 
77,969
5,095,274
Confluent, Inc. (a)
 
747,452
21,608,837
Convoy, Inc. warrants (a)(d)(e)
 
59,855
1
CyberArk Software Ltd. (a)
 
134,037
21,933,815
DoubleVerify Holdings, Inc. (a)(b)
 
483,044
13,443,115
Dynatrace, Inc. (a)
 
966,705
43,221,381
Elastic NV (a)
 
244,036
18,312,461
Intapp, Inc. (a)
 
856,867
29,304,851
JFrog Ltd. (a)
 
1,206,263
27,128,855
Lightspeed Commerce, Inc. (a)(b)
 
752,483
9,375,938
MicroStrategy, Inc. Class A (a)(b)
 
81,134
34,351,324
Procore Technologies, Inc. (a)
 
148,800
9,090,192
PROS Holdings, Inc. (a)
 
532,229
16,578,933
Sprout Social, Inc. (a)(b)
 
765,423
33,127,507
SPS Commerce, Inc. (a)
 
75,708
12,139,021
TECSYS, Inc.
 
687,950
13,146,331
Tenable Holdings, Inc. (a)
 
1,018,822
42,902,594
 
 
 
382,521,803
Technology Hardware, Storage & Peripherals - 0.8%
 
 
 
IonQ, Inc. (a)(b)
 
279,261
2,692,076
Super Micro Computer, Inc. (a)
 
139,914
33,505,206
 
 
 
36,197,282
TOTAL INFORMATION TECHNOLOGY
 
 
844,858,030
MATERIALS - 3.3%
 
 
 
Chemicals - 1.8%
 
 
 
Axalta Coating Systems Ltd. (a)
 
469,106
12,304,650
Cabot Corp.
 
168,808
11,222,356
Element Solutions, Inc.
 
857,425
15,630,858
Orion SA
 
1,049,265
21,300,080
The Chemours Co. LLC
 
909,315
21,923,585
 
 
 
82,381,529
Construction Materials - 0.8%
 
 
 
Eagle Materials, Inc.
 
241,549
37,176,807
Containers & Packaging - 0.7%
 
 
 
O-I Glass, Inc. (a)
 
1,439,527
22,240,692
Silgan Holdings, Inc. (b)
 
230,656
9,240,079
 
 
 
31,480,771
TOTAL MATERIALS
 
 
151,039,107
REAL ESTATE - 0.7%
 
 
 
Equity Real Estate Investment Trusts (REITs) - 0.7%
 
 
 
Ryman Hospitality Properties, Inc.
 
368,099
31,509,274
 
TOTAL COMMON STOCKS
 (Cost $4,238,407,917)
 
 
 
4,319,453,425
 
 
 
 
Convertible Preferred Stocks - 2.2%
 
 
Shares
Value ($)
 
COMMUNICATION SERVICES - 0.2%
 
 
 
Interactive Media & Services - 0.2%
 
 
 
Reddit, Inc. Series F (a)(d)(e)
 
253,500
7,896,525
HEALTH CARE - 0.6%
 
 
 
Biotechnology - 0.5%
 
 
 
Bright Peak Therapeutics AG Series B (a)(d)(e)
 
1,079,522
2,655,624
Caris Life Sciences, Inc. Series D (a)(d)(e)
 
780,603
3,270,727
LifeMine Therapeutics, Inc. Series C (a)(d)(e)
 
2,048,403
3,031,636
Sonoma Biotherapeutics, Inc.:
 
 
 
 Series B (a)(d)(e)
 
2,370,360
6,139,232
 Series B1 (a)(d)(e)
 
1,264,171
3,716,663
T-Knife Therapeutics, Inc. Series B (a)(d)(e)
 
1,097,257
3,423,442
Treeline Biosciences Series A (a)(d)(e)
 
115,000
806,150
 
 
 
23,043,474
Health Care Providers & Services - 0.1%
 
 
 
Boundless Bio, Inc.:
 
 
 
 Series B (a)(d)(e)
 
3,017,761
2,504,742
 Series C (d)(e)
 
2,110,183
1,329,415
 
 
 
3,834,157
Health Care Technology - 0.0%
 
 
 
Wugen, Inc. Series B (a)(d)(e)
 
326,496
1,622,685
TOTAL HEALTH CARE
 
 
28,500,316
INDUSTRIALS - 0.7%
 
 
 
Construction & Engineering - 0.7%
 
 
 
Beta Technologies, Inc.:
 
 
 
 Series A (a)(d)(e)
 
278,129
26,185,845
 Series B, 6.00% (a)(d)(e)
 
85,106
8,756,556
 
 
 
34,942,401
INFORMATION TECHNOLOGY - 0.7%
 
 
 
Communications Equipment - 0.3%
 
 
 
Astranis Space Technologies Corp.:
 
 
 
 Series C (a)(d)(e)
 
557,717
10,875,482
 Series C Prime (d)(e)
 
87,241
1,701,200
 
 
 
12,576,682
IT Services - 0.1%
 
 
 
Yanka Industries, Inc.:
 
 
 
 Series E (a)(d)(e)
 
869,641
5,930,952
 Series F (a)(d)(e)
 
127,716
871,023
 
 
 
6,801,975
Software - 0.3%
 
 
 
Algolia, Inc. Series D (a)(d)(e)
 
53,800
654,746
Convoy, Inc. Series D (a)(d)(e)
 
913,444
9
Mountain Digital, Inc. Series D (a)(d)(e)
 
729,676
9,836,032
Skyryse, Inc. Series B (a)(d)(e)
 
62,100
1,430,163
 
 
 
11,920,950
TOTAL INFORMATION TECHNOLOGY
 
 
31,299,607
 
TOTAL CONVERTIBLE PREFERRED STOCKS
 (Cost $144,225,371)
 
 
 
102,638,849
 
 
 
 
Investment Companies - 1.5%
 
 
Shares
Value ($)
 
iShares Russell 2000 Growth Index ETF
 
 (Cost $68,436,464)
 
 
333,600
69,051,860
 
 
 
 
Convertible Bonds - 0.0%
 
 
Principal
Amount (g)
 
Value ($)
 
INFORMATION TECHNOLOGY - 0.0%
 
 
 
Software - 0.0%
 
 
 
Convoy, Inc. 15% 9/30/26 (d)(e)
 
  (Cost $398,614)
 
 
398,614
0
 
 
 
 
Money Market Funds - 8.5%
 
 
Shares
Value ($)
 
Fidelity Cash Central Fund 5.40% (h)
 
91,340,291
91,358,559
Fidelity Securities Lending Cash Central Fund 5.40% (h)(i)
 
296,754,857
296,784,532
 
TOTAL MONEY MARKET FUNDS
 (Cost $388,143,091)
 
 
388,143,091
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 106.4%
 (Cost $4,839,611,457)
 
 
 
4,879,287,225
NET OTHER ASSETS (LIABILITIES) - (6.4)%  
(293,681,462)
NET ASSETS - 100.0%
4,585,605,763
 
 
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)
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 $199,076,703 or 4.3% of net assets.
 
(e)
Level 3 security
 
(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)
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.
 
(i)
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
 
 
 
Astranis Space Technologies Corp. Series C
3/19/21
12,225,675
 
 
 
Astranis Space Technologies Corp. Series C Prime
4/05/23
1,912,404
 
 
 
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
 
 
 
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
9,346,043
 
 
 
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 5.40%
21
383,929,617
292,571,079
589,918
-
-
91,358,559
0.2%
Fidelity Securities Lending Cash Central Fund 5.40%
347,027,293
380,242,717
430,485,478
374,407
-
-
296,784,532
1.2%
Total
347,027,314
764,172,334
723,056,557
964,325
-
-
388,143,091
 
 
 
 
 
 
 
 
 
 
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) ($)
Value,
end
of period ($)
Lovesac
32,183,727
1,159,292
7,233,646
-
(11,828,241)
(1,027,655)
13,253,477
Total
32,183,727
1,159,292
7,233,646
-
(11,828,241)
(1,027,655)
13,253,477
 
 
 
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.
 
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.
 
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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