NPORT-EX 2 QTLY_1388_20240430.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Small Cap Growth Fund
April 30, 2024
SCP-NPRT3-0624
1.815773.119
Common Stocks - 98.1%
 
 
Shares
Value ($)
 
COMMUNICATION SERVICES - 1.1%
 
 
 
Interactive Media & Services - 0.8%
 
 
 
Cars.com, Inc. (a)
 
1,472,364
24,603,202
Reddit, Inc.:
 
 
 
 Class A
 
30,094
1,337,377
 Class B
 
253,500
11,265,540
Yelp, Inc. (a)
 
469,334
18,886,000
 
 
 
56,092,119
Media - 0.3%
 
 
 
TechTarget, Inc. (a)
 
635,327
17,471,493
TOTAL COMMUNICATION SERVICES
 
 
73,563,612
CONSUMER DISCRETIONARY - 13.4%
 
 
 
Automobile Components - 0.4%
 
 
 
Autoliv, Inc.
 
205,445
24,610,257
Broadline Retail - 0.2%
 
 
 
Savers Value Village, Inc. (b)
 
974,325
16,095,849
Diversified Consumer Services - 2.0%
 
 
 
Duolingo, Inc. (a)(b)
 
184,669
41,689,027
European Wax Center, Inc. (a)(b)
 
509,580
5,992,661
Grand Canyon Education, Inc. (a)
 
287,346
37,360,727
H&R Block, Inc.
 
300,762
14,204,989
Stride, Inc. (a)
 
213,117
14,225,560
Udemy, Inc. (a)
 
1,740,176
17,436,564
 
 
 
130,909,528
Hotels, Restaurants & Leisure - 3.1%
 
 
 
Brinker International, Inc. (a)
 
980,761
52,568,790
Cava Group, Inc. (b)
 
364,724
26,238,245
Dutch Bros, Inc. (a)
 
677,849
19,088,228
First Watch Restaurant Group, Inc. (a)(b)
 
520,504
13,283,262
GEN Restaurant Group, Inc. (b)
 
320,987
3,177,771
Kura Sushi U.S.A., Inc. Class A (a)(b)
 
225,055
24,774,054
Portillo's, Inc. (a)(b)
 
859,529
10,537,826
Red Rock Resorts, Inc.
 
423,325
22,487,024
Texas Roadhouse, Inc. Class A
 
81,100
13,039,258
United Parks & Resorts, Inc. (a)(b)
 
278,182
14,137,209
 
 
 
199,331,667
Household Durables - 2.1%
 
 
 
Cavco Industries, Inc. (a)
 
21,398
7,793,366
Installed Building Products, Inc.
 
94,662
22,314,673
KB Home
 
390,370
25,280,361
LGI Homes, Inc. (a)
 
36,294
3,263,919
Lovesac (a)(b)(c)
 
856,102
18,988,342
SharkNinja, Inc.
 
509,047
32,721,541
TopBuild Corp. (a)
 
55,701
22,540,524
 
 
 
132,902,726
Leisure Products - 0.6%
 
 
 
Brunswick Corp.
 
298,470
24,068,621
Games Workshop Group PLC
 
115,355
14,284,456
 
 
 
38,353,077
Specialty Retail - 4.2%
 
 
 
American Eagle Outfitters, Inc.
 
1,095,300
26,571,978
Aritzia, Inc. (a)
 
779,834
20,189,070
Boot Barn Holdings, Inc. (a)(b)
 
669,530
71,284,859
Carvana Co. Class A (a)(b)
 
286,974
23,795,884
Chewy, Inc. (a)(b)
 
52,133
781,474
Fanatics, Inc. Class A (a)(d)(e)
 
726,062
50,170,884
Group 1 Automotive, Inc.
 
42,927
12,621,397
Murphy U.S.A., Inc.
 
79,289
32,811,374
Valvoline, Inc. (a)
 
780,956
33,206,249
 
 
 
271,433,169
Textiles, Apparel & Luxury Goods - 0.8%
 
 
 
Crocs, Inc. (a)
 
431,285
53,638,915
TOTAL CONSUMER DISCRETIONARY
 
 
867,275,188
CONSUMER STAPLES - 3.6%
 
 
 
Beverages - 0.4%
 
 
 
Boston Beer Co., Inc. Class A (a)
 
52,339
14,571,701
The Vita Coco Co., Inc. (a)(b)
 
483,553
11,721,325
 
 
 
26,293,026
Consumer Staples Distribution & Retail - 2.0%
 
 
 
Casey's General Stores, Inc.
 
23,908
7,640,519
Performance Food Group Co. (a)
 
334,800
22,726,224
Sprouts Farmers Market LLC (a)(b)
 
658,299
43,467,483
U.S. Foods Holding Corp. (a)
 
1,026,781
51,595,745
 
 
 
125,429,971
Food Products - 0.6%
 
 
 
Lamb Weston Holdings, Inc.
 
270,807
22,569,055
Nomad Foods Ltd.
 
884,553
15,975,027
 
 
 
38,544,082
Personal Care Products - 0.6%
 
 
 
elf Beauty, Inc. (a)
 
239,632
38,947,389
Oddity Tech Ltd. (b)
 
63,069
2,052,265
 
 
 
40,999,654
TOTAL CONSUMER STAPLES
 
 
231,266,733
ENERGY - 5.4%
 
 
 
Energy Equipment & Services - 3.9%
 
 
 
Cactus, Inc.
 
782,502
38,843,399
Championx Corp.
 
455,193
15,280,829
Expro Group Holdings NV (a)
 
1,011,688
18,979,267
Liberty Oilfield Services, Inc. Class A
 
1,750,693
38,515,246
TechnipFMC PLC
 
1,350,725
34,605,575
Tidewater, Inc. (a)
 
313,503
28,795,251
Weatherford International PLC (a)
 
645,267
79,767,907
 
 
 
254,787,474
Oil, Gas & Consumable Fuels - 1.5%
 
 
 
Antero Resources Corp. (a)
 
872,394
29,670,120
Northern Oil & Gas, Inc. (b)
 
1,032,280
42,106,701
Range Resources Corp.
 
640,310
22,993,532
 
 
 
94,770,353
TOTAL ENERGY
 
 
349,557,827
FINANCIALS - 4.4%
 
 
 
Banks - 0.5%
 
 
 
Pinnacle Financial Partners, Inc.
 
307,623
23,594,684
Starling Bank Ltd. Series D (a)(d)(e)
 
1,942,800
7,307,154
 
 
 
30,901,838
Capital Markets - 1.9%
 
 
 
Houlihan Lokey
 
236,658
30,171,528
Perella Weinberg Partners (d)
 
2,039,500
30,429,340
Perella Weinberg Partners Class A (b)
 
485,990
7,250,971
StepStone Group, Inc. Class A
 
1,023,343
36,911,982
Stifel Financial Corp.
 
222,468
17,779,643
 
 
 
122,543,464
Financial Services - 1.1%
 
 
 
Flywire Corp. (a)
 
1,240,310
25,426,355
Remitly Global, Inc. (a)
 
1,703,037
30,365,150
Walker & Dunlop, Inc.
 
174,107
15,953,424
 
 
 
71,744,929
Insurance - 0.9%
 
 
 
Selective Insurance Group, Inc.
 
49,756
5,057,697
Stewart Information Services Corp.
 
311,170
19,295,652
The Baldwin Insurance Group, Inc. (a)
 
1,170,534
31,183,026
 
 
 
55,536,375
TOTAL FINANCIALS
 
 
280,726,606
HEALTH CARE - 23.5%
 
 
 
Biotechnology - 10.9%
 
 
 
Absci Corp. (a)(b)
 
805,499
3,818,065
Allogene Therapeutics, Inc. (a)
 
1,571,066
4,336,142
ALX Oncology Holdings, Inc. (a)(b)
 
1,767,880
30,089,318
Annexon, Inc. (a)
 
1,335,240
6,075,342
Apogee Therapeutics, Inc.
 
281,133
14,140,990
Arcellx, Inc. (a)
 
391,391
19,577,378
Arrowhead Pharmaceuticals, Inc. (a)
 
869,404
19,665,918
Ascendis Pharma A/S sponsored ADR (a)
 
198,862
27,530,455
Astria Therapeutics, Inc. (a)
 
1,358,000
12,466,440
Autolus Therapeutics PLC ADR (a)
 
1,442,048
5,306,737
Blueprint Medicines Corp. (a)
 
319,957
29,224,872
Boundless Bio, Inc. (b)
 
32,982
326,522
Boundless Bio, Inc.
 
262,970
2,603,403
BridgeBio Pharma, Inc. (a)
 
220,812
5,657,203
Cargo Therapeutics, Inc.
 
640,202
12,227,858
Celldex Therapeutics, Inc. (a)
 
631,399
23,626,951
Crinetics Pharmaceuticals, Inc. (a)
 
491,780
21,549,800
Cytokinetics, Inc. (a)(b)
 
848,033
52,001,384
Insmed, Inc. (a)
 
1,100,213
27,197,265
Janux Therapeutics, Inc. (a)(b)
 
646,325
36,840,525
Keros Therapeutics, Inc. (a)
 
376,961
21,256,831
Legend Biotech Corp. ADR (a)
 
193,904
8,481,361
Madrigal Pharmaceuticals, Inc. (a)(b)
 
103,222
21,059,352
Merus BV (a)(b)
 
186,309
8,367,137
Monte Rosa Therapeutics, Inc. (a)
 
622,600
3,312,232
Moonlake Immunotherapeutics (a)(b)
 
144,731
5,920,945
Morphic Holding, Inc. (a)
 
357,893
9,759,742
Nuvalent, Inc. Class A (a)
 
485,478
33,439,725
ORIC Pharmaceuticals, Inc. (a)(b)
 
1,280,893
11,310,285
Oruka Therapeutics, Inc. (d)(e)(f)
 
613,646
3,645,180
Repligen Corp. (a)
 
73,188
12,017,470
Revolution Medicines, Inc. (a)
 
129,330
4,821,422
Spyre Therapeutics, Inc. (a)(b)
 
387,063
12,784,691
Tango Therapeutics, Inc. (a)(b)
 
1,253,566
9,652,458
Tyra Biosciences, Inc. (a)(b)
 
769,071
13,151,114
Tyra Biosciences, Inc. (d)
 
457,928
7,830,569
Vaxcyte, Inc. (a)
 
748,091
45,296,910
Vericel Corp. (a)
 
808,688
37,094,519
Viking Therapeutics, Inc. (a)(b)
 
580,801
46,220,144
Viridian Therapeutics, Inc. (a)
 
780,411
10,348,250
Xenon Pharmaceuticals, Inc. (a)
 
350,911
14,264,532
Zentalis Pharmaceuticals, Inc. (a)
 
736,857
8,149,638
 
 
 
702,447,075
Health Care Equipment & Supplies - 4.7%
 
 
 
Atricure, Inc. (a)
 
524,526
12,651,567
Glaukos Corp. (a)
 
483,624
46,427,904
Inspire Medical Systems, Inc. (a)
 
101,986
24,645,937
Integer Holdings Corp. (a)
 
202,219
22,573,707
Lantheus Holdings, Inc. (a)
 
226,762
15,088,743
Masimo Corp. (a)
 
193,451
26,001,749
NeuroPace, Inc. (a)
 
189,296
2,458,955
Nyxoah SA (a)(b)
 
23,305
242,605
Penumbra, Inc. (a)
 
93,799
18,428,690
PROCEPT BioRobotics Corp. (a)(b)
 
624,642
33,093,533
Pulmonx Corp. (a)
 
1,492,119
11,355,026
RxSight, Inc. (a)
 
485,208
25,293,893
TransMedics Group, Inc. (a)(b)
 
709,768
66,810,462
 
 
 
305,072,771
Health Care Providers & Services - 4.2%
 
 
 
Acadia Healthcare Co., Inc. (a)
 
393,677
29,108,477
agilon health, Inc. (a)
 
2,064,340
11,353,870
BrightSpring Health Services, Inc. (b)
 
1,451,414
15,515,616
HealthEquity, Inc. (a)
 
495,448
39,095,802
Hims & Hers Health, Inc. (a)
 
1,284,709
16,097,404
Molina Healthcare, Inc. (a)
 
66,279
22,674,046
Option Care Health, Inc. (a)
 
484,035
14,467,806
Pennant Group, Inc. (a)
 
129,163
2,700,798
Privia Health Group, Inc. (a)
 
807,815
14,863,796
Progyny, Inc. (a)
 
1,263,040
40,493,062
Surgery Partners, Inc. (a)
 
959,562
23,941,072
The Ensign Group, Inc.
 
348,049
41,195,080
 
 
 
271,506,829
Health Care Technology - 0.4%
 
 
 
Evolent Health, Inc. Class A (a)
 
564,217
15,651,380
Schrodinger, Inc. (a)(b)
 
338,464
8,251,752
 
 
 
23,903,132
Life Sciences Tools & Services - 1.4%
 
 
 
10X Genomics, Inc. (a)
 
316,111
9,255,730
Charles River Laboratories International, Inc. (a)
 
121,366
27,792,814
Medpace Holdings, Inc. (a)
 
118,566
46,045,106
Veterinary Emergency Group LLC Class A (a)(d)(e)(g)
 
190,561
10,183,580
 
 
 
93,277,230
Pharmaceuticals - 1.9%
 
 
 
Alto Neuroscience, Inc. (b)
 
429,665
6,664,104
Edgewise Therapeutics, Inc. (a)
 
1,352,227
24,258,952
Enliven Therapeutics, Inc. (a)(b)
 
604,976
10,520,533
Enliven Therapeutics, Inc. (d)
 
266,907
4,641,513
Intra-Cellular Therapies, Inc. (a)
 
609,721
43,784,065
Pharvaris BV (a)(b)
 
729,999
17,950,675
Structure Therapeutics, Inc. ADR (a)
 
199,901
7,884,095
Terns Pharmaceuticals, Inc. (a)
 
1,967,377
9,935,254
 
 
 
125,639,191
TOTAL HEALTH CARE
 
 
1,521,846,228
INDUSTRIALS - 21.5%
 
 
 
Aerospace & Defense - 0.2%
 
 
 
BWX Technologies, Inc.
 
126,583
12,122,854
Loar Holdings, Inc. (b)
 
6,500
340,080
 
 
 
12,462,934
Building Products - 4.1%
 
 
 
AAON, Inc. (b)
 
341,895
32,168,901
AZZ, Inc.
 
627,548
44,951,263
CSW Industrials, Inc.
 
98,227
23,340,700
Fortune Brands Innovations, Inc.
 
256,992
18,786,115
Simpson Manufacturing Co. Ltd.
 
326,309
56,741,872
Tecnoglass, Inc. (b)
 
734,166
40,782,921
The AZEK Co., Inc. (a)
 
521,666
23,808,836
UFP Industries, Inc.
 
196,935
22,194,575
 
 
 
262,775,183
Commercial Services & Supplies - 0.6%
 
 
 
ACV Auctions, Inc. Class A (a)
 
1,356,220
23,666,039
The GEO Group, Inc. (a)(b)
 
1,092,697
16,237,477
 
 
 
39,903,516
Construction & Engineering - 3.0%
 
 
 
Comfort Systems U.S.A., Inc.
 
139,003
43,008,918
Dycom Industries, Inc. (a)
 
152,555
21,360,751
EMCOR Group, Inc.
 
93,616
33,436,827
Fluor Corp. (a)
 
1,316,527
53,095,534
Sterling Construction Co., Inc. (a)
 
412,387
41,898,519
 
 
 
192,800,549
Electrical Equipment - 2.2%
 
 
 
Acuity Brands, Inc.
 
140,783
34,956,419
Atkore, Inc.
 
133,639
23,426,917
Nextracker, Inc. Class A (a)
 
653,476
27,962,238
nVent Electric PLC
 
517,024
37,261,920
Prysmian SpA
 
316,768
17,301,645
 
 
 
140,909,139
Machinery - 3.7%
 
 
 
Crane Co.
 
271,860
38,063,119
ESAB Corp.
 
273,082
28,913,922
Federal Signal Corp.
 
413,014
33,578,038
Gates Industrial Corp. PLC (a)
 
859,932
15,152,002
ITT, Inc.
 
310,498
40,159,811
Mueller Industries, Inc.
 
674,400
37,645,008
Terex Corp.
 
604,790
33,898,480
Timken Co.
 
178,292
15,907,212
 
 
 
243,317,592
Marine Transportation - 0.4%
 
 
 
Kirby Corp. (a)
 
222,854
24,320,057
Professional Services - 3.6%
 
 
 
CACI International, Inc. Class A (a)
 
114,198
45,933,862
CBIZ, Inc. (a)
 
301,966
21,493,940
ExlService Holdings, Inc. (a)
 
1,594,876
46,251,404
ICF International, Inc.
 
187,215
27,013,252
Insperity, Inc.
 
365,216
37,591,683
KBR, Inc.
 
409,199
26,573,383
UL Solutions, Inc. Class A
 
106,800
3,748,680
Verra Mobility Corp. (a)
 
1,015,131
23,936,789
 
 
 
232,542,993
Trading Companies & Distributors - 3.7%
 
 
 
Alligo AB (B Shares)
 
888,549
10,449,344
Applied Industrial Technologies, Inc.
 
502,580
92,097,785
FTAI Aviation Ltd.
 
1,202,333
84,415,800
GMS, Inc. (a)
 
268,513
24,842,823
Herc Holdings, Inc.
 
78,819
11,273,482
Xometry, Inc. (a)(b)
 
945,405
16,894,387
 
 
 
239,973,621
TOTAL INDUSTRIALS
 
 
1,389,005,584
INFORMATION TECHNOLOGY - 20.6%
 
 
 
Communications Equipment - 0.2%
 
 
 
Lumentum Holdings, Inc. (a)
 
245,041
10,722,994
Electronic Equipment, Instruments & Components - 3.8%
 
 
 
Advanced Energy Industries, Inc.
 
249,377
23,900,292
Crane NXT Co.
 
381,935
23,225,467
Fabrinet (a)
 
214,824
37,179,590
Insight Enterprises, Inc. (a)
 
246,989
45,092,782
TD SYNNEX Corp.
 
576,720
67,960,685
Vontier Corp.
 
1,238,968
50,339,270
 
 
 
247,698,086
IT Services - 0.9%
 
 
 
Wix.com Ltd. (a)
 
467,829
55,610,833
Semiconductors & Semiconductor Equipment - 3.7%
 
 
 
Allegro MicroSystems LLC (a)
 
1,079,644
32,054,630
Lattice Semiconductor Corp. (a)
 
238,223
16,342,098
MACOM Technology Solutions Holdings, Inc. (a)
 
488,478
49,800,332
Nova Ltd. (a)
 
307,170
52,188,183
Onto Innovation, Inc. (a)
 
210,529
39,051,024
Rambus, Inc. (a)
 
641,875
35,187,588
Veeco Instruments, Inc. (a)
 
342,707
12,111,265
 
 
 
236,735,120
Software - 9.2%
 
 
 
Alarm.com Holdings, Inc. (a)
 
369,389
24,564,369
Algolia, Inc. (a)(d)(e)
 
234,640
3,742,508
Alkami Technology, Inc. (a)
 
950,636
22,881,809
CommVault Systems, Inc. (a)
 
216,298
22,164,056
Convoy, Inc. warrants (a)(d)(e)
 
59,855
1
CyberArk Software Ltd. (a)
 
86,120
20,604,210
DoubleVerify Holdings, Inc. (a)(b)
 
549,934
16,113,066
Dynatrace, Inc. (a)
 
556,143
25,198,839
Five9, Inc. (a)
 
444,114
25,567,643
GitLab, Inc. (a)
 
151,673
7,958,282
Intapp, Inc. (a)
 
449,914
13,911,341
JFrog Ltd. (a)(b)
 
1,226,087
48,896,350
Lightspeed Commerce, Inc. (a)(b)
 
39,186
512,553
Lumine Group, Inc. (a)
 
494,600
13,548,372
MicroStrategy, Inc. Class A (a)(b)
 
66,239
70,546,522
nCino, Inc. (a)
 
874,827
25,509,955
Procore Technologies, Inc. (a)
 
147,684
10,104,539
PROS Holdings, Inc. (a)
 
1,024,825
33,563,019
Rapid7, Inc. (a)
 
599,518
26,858,406
Rubrik, Inc. (b)
 
17,000
544,340
Semrush Holdings, Inc. (a)
 
1,346,856
16,485,517
Sprout Social, Inc. (a)(b)
 
677,079
34,158,636
SPS Commerce, Inc. (a)
 
78,074
13,574,726
TECSYS, Inc.
 
704,100
19,813,921
Tenable Holdings, Inc. (a)
 
1,137,174
51,138,715
Varonis Systems, Inc. (a)
 
857,048
37,495,850
Vertex, Inc. Class A (a)
 
445,100
12,965,763
 
 
 
598,423,308
Technology Hardware, Storage & Peripherals - 2.8%
 
 
 
IonQ, Inc. (a)(b)
 
277,931
2,376,310
Super Micro Computer, Inc. (a)
 
211,339
181,497,931
 
 
 
183,874,241
TOTAL INFORMATION TECHNOLOGY
 
 
1,333,064,582
MATERIALS - 3.5%
 
 
 
Chemicals - 1.6%
 
 
 
Axalta Coating Systems Ltd. (a)
 
482,307
15,163,732
Cabot Corp.
 
463,276
42,264,669
Element Solutions, Inc.
 
876,450
20,272,289
Orion SA
 
1,068,639
25,283,999
 
 
 
102,984,689
Construction Materials - 0.8%
 
 
 
Eagle Materials, Inc.
 
195,101
48,913,772
Metals & Mining - 1.1%
 
 
 
ATI, Inc. (a)
 
1,199,713
71,622,866
TOTAL MATERIALS
 
 
223,521,327
REAL ESTATE - 1.1%
 
 
 
Equity Real Estate Investment Trusts (REITs) - 0.9%
 
 
 
Ryman Hospitality Properties, Inc.
 
418,581
44,151,924
Terreno Realty Corp.
 
266,800
14,500,580
 
 
 
58,652,504
Real Estate Management & Development - 0.2%
 
 
 
Compass, Inc. (a)
 
4,745,749
14,949,109
TOTAL REAL ESTATE
 
 
73,601,613
 
TOTAL COMMON STOCKS
 (Cost $5,098,289,175)
 
 
 
6,343,429,300
 
 
 
 
Convertible Preferred Stocks - 1.5%
 
 
Shares
Value ($)
 
HEALTH CARE - 0.5%
 
 
 
Biotechnology - 0.4%
 
 
 
Bright Peak Therapeutics, Inc. Series B (a)(d)(e)
 
1,079,522
1,792,007
Caris Life Sciences, Inc. Series D (a)(d)(e)
 
780,603
1,951,508
Endeavor BioMedicines, Inc. Series C (d)(e)
 
556,156
3,628,695
LifeMine Therapeutics, Inc. Series C (a)(d)(e)
 
2,048,403
3,871,482
Sonoma Biotherapeutics, Inc.:
 
 
 
 Series B (a)(d)(e)
 
2,370,360
6,802,933
 Series B1 (a)(d)(e)
 
1,264,171
4,083,272
T-Knife Therapeutics, Inc. Series B (a)(d)(e)
 
1,097,257
4,037,906
Treeline Biosciences Series A (a)(d)(e)
 
115,000
941,850
 
 
 
27,109,653
Health Care Technology - 0.1%
 
 
 
Wugen, Inc. Series B (a)(d)(e)
 
326,496
1,736,959
TOTAL HEALTH CARE
 
 
28,846,612
INDUSTRIALS - 0.6%
 
 
 
Construction & Engineering - 0.6%
 
 
 
Beta Technologies, Inc.:
 
 
 
 Series A (a)(d)(e)
 
278,129
30,869,538
 Series B, 6.00% (a)(d)(e)
 
85,106
10,635,697
 
 
 
41,505,235
INFORMATION TECHNOLOGY - 0.4%
 
 
 
Communications Equipment - 0.1%
 
 
 
Astranis Space Technologies Corp.:
 
 
 
 Series C (a)(d)(e)
 
557,717
7,211,281
 Series C Prime (d)(e)
 
87,241
1,128,026
 Series D (d)(e)
 
139,151
1,299,670
 
 
 
9,638,977
IT Services - 0.1%
 
 
 
Yanka Industries, Inc.:
 
 
 
 Series E (a)(d)(e)
 
869,641
4,061,223
 Series F (a)(d)(e)
 
127,716
753,524
 
 
 
4,814,747
Software - 0.2%
 
 
 
Algolia, Inc. Series D (a)(d)(e)
 
53,800
858,110
Convoy, Inc. Series D (a)(d)(e)
 
913,444
9
Mountain Digital, Inc. Series D (a)(d)(e)
 
729,676
11,426,726
Skyryse, Inc. Series B (a)(d)(e)
 
62,100
1,256,904
 
 
 
13,541,749
TOTAL INFORMATION TECHNOLOGY
 
 
27,995,473
 
TOTAL CONVERTIBLE PREFERRED STOCKS
 (Cost $127,938,085)
 
 
 
98,347,320
 
 
 
 
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
0
 
 
 
 
Money Market Funds - 6.8%
 
 
Shares
Value ($)
 
Fidelity Cash Central Fund 5.39% (i)
 
53,829,831
53,840,597
Fidelity Securities Lending Cash Central Fund 5.39% (i)(j)
 
383,782,866
383,821,244
 
TOTAL MONEY MARKET FUNDS
 (Cost $437,661,841)
 
 
437,661,841
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 106.4%
 (Cost $5,664,287,715)
 
 
 
6,879,438,461
NET OTHER ASSETS (LIABILITIES) - (6.4)%  
(412,976,141)
NET ASSETS - 100.0%
6,466,462,320
 
 
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 $216,298,049 or 3.3% of net assets.
 
(e)
Level 3 security
 
(f)
Security or a portion of the security purchased on a delayed delivery or when-issued basis.
 
(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
 
 
 
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
 
 
 
Astranis Space Technologies Corp. Series D
4/25/24
1,300,004
 
 
 
Beta Technologies, Inc. Series A
4/09/21
20,378,512
 
 
 
Beta Technologies, Inc. Series B, 6.00%
4/04/22
8,780,386
 
 
 
Bright Peak Therapeutics, Inc. 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
 
 
 
Endeavor BioMedicines, Inc. Series C
4/22/24
3,628,695
 
 
 
Enliven Therapeutics, Inc.
3/19/24
3,736,698
 
 
 
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
 
 
 
Oruka Therapeutics, Inc.
4/03/24
3,645,180
 
 
 
Perella Weinberg Partners
12/29/20
20,395,000
 
 
 
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
 
 
 
Tyra Biosciences, Inc.
2/02/24
5,957,644
 
 
 
Veterinary Emergency Group LLC Class A
9/16/21 - 3/17/22
9,365,460
 
 
 
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 5.39%
21
1,265,549,381
1,211,705,155
1,863,958
(3,650)
-
53,840,597
0.1%
Fidelity Securities Lending Cash Central Fund 5.39%
347,027,293
1,438,151,229
1,401,357,278
1,673,450
-
-
383,821,244
1.4%
Total
347,027,314
2,703,700,610
2,613,062,433
3,537,408
(3,650)
-
437,661,841
 
 
 
 
 
 
 
 
 
 
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
4,087,743
8,786,421
-
(15,272,089)
6,775,382
18,988,342
Total
32,183,727
4,087,743
8,786,421
-
(15,272,089)
6,775,382
18,988,342
 
 
 
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.
 
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