NPORT-EX 2 QTLY_340_20210731.htm

Quarterly Holdings Report
for

Fidelity® Small Cap Stock Fund

July 31, 2021







SLC-QTLY-0921
1.804879.117





Schedule of Investments July 31, 2021 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.6%   
 Shares Value (000s) 
COMMUNICATION SERVICES - 3.3%   
Diversified Telecommunication Services - 0.1%   
Intred SpA 14,051 $282 
LICT Corp. (a) 45 1,035 
  1,317 
Entertainment - 0.7%   
Lions Gate Entertainment Corp. Class A (a)(b) 349,605 5,255 
Marcus Corp. (a)(b) 142,905 2,296 
Reading International, Inc. Class A (a) 770,526 4,053 
  11,604 
Interactive Media & Services - 0.6%   
Outbrain, Inc. 334,100 6,555 
Synchro Food Co. Ltd. (a) 403,100 1,286 
Trustpilot Group PLC (a)(c) 470,800 2,344 
VerticalScope Holdings, Inc. 5,100 119 
  10,304 
Media - 1.9%   
Cogeco Communications, Inc. 117,634 11,138 
Lee Enterprises, Inc. (a) 138,687 4,008 
Meredith Corp. (a) 168,249 7,342 
Nexstar Broadcasting Group, Inc. Class A 52,708 7,752 
  30,240 
TOTAL COMMUNICATION SERVICES  53,465 
CONSUMER DISCRETIONARY - 12.7%   
Auto Components - 0.0%   
Horizon Global Corp. (a) 6,992 62 
Diversified Consumer Services - 0.5%   
Houghton Mifflin Harcourt Co. (a) 684,000 7,743 
Hotels, Restaurants & Leisure - 0.8%   
Angler Gaming PLC (b) 1,314,368 2,660 
Best of The Best PLC 20,682 453 
Inspired Entertainment, Inc. (a)(b) 308,967 3,581 
Potbelly Corp. (a) 445,301 3,108 
RCI Hospitality Holdings, Inc. 49,629 3,115 
  12,917 
Household Durables - 0.3%   
Aterian, Inc. (a)(b) 464,818 4,197 
Cricut, Inc. (a)(b) 34,200 1,167 
  5,364 
Internet & Direct Marketing Retail - 4.8%   
Auction Technology Group PLC 14,100 266 
BHG Group AB (a) 1,422,031 21,937 
Fashionette AG 15,528 549 
Global-e Online Ltd. (a) 27,929 1,945 
Home24 AG (a)(b) 360,335 6,420 
Kogan.Com Ltd. (b) 2,616,034 19,946 
Liquidity Services, Inc. (a) 122,951 2,439 
Porch Group, Inc. Class A (a) 368,511 6,829 
Temple & Webster Group Ltd. (a) 1,639,722 14,380 
Vente-Unique.Com SA 71,145 1,730 
Victorian Plumbing PLC 166,300 624 
  77,065 
Leisure Products - 1.3%   
Vista Outdoor, Inc. (a) 513,387 20,736 
Multiline Retail - 0.0%   
Treasure Factory Co. Ltd. 44,500 401 
Specialty Retail - 4.9%   
Camping World Holdings, Inc. (b) 367,944 14,482 
JOANN, Inc. (b) 734,696 11,358 
Lyko Group AB (A Shares) (a)(b) 243,913 7,919 
Musti Group OYJ 667,525 27,588 
OneWater Marine, Inc. Class A 280,812 13,193 
RVRC Holding AB 66,900 567 
Tile Shop Holdings, Inc. (a)(b) 477,839 3,483 
  78,590 
Textiles, Apparel & Luxury Goods - 0.1%   
Rocky Brands, Inc. 27,785 1,512 
TOTAL CONSUMER DISCRETIONARY  204,390 
CONSUMER STAPLES - 4.4%   
Beverages - 0.0%   
MGP Ingredients, Inc. (b) 1,351 81 
Food & Staples Retailing - 1.8%   
BJ's Wholesale Club Holdings, Inc. (a) 433,031 21,929 
Cake Box Holdings PLC 1,481,380 6,548 
Neighbourly Pharmacy, Inc. 8,000 189 
  28,666 
Food Products - 0.2%   
Farmer Brothers Co. (a)(b) 272,172 2,637 
Personal Products - 1.1%   
Herbalife Nutrition Ltd. (a) 104,589 5,328 
MediFast, Inc. 46,518 13,281 
  18,609 
Tobacco - 1.3%   
Turning Point Brands, Inc. 388,512 20,599 
TOTAL CONSUMER STAPLES  70,592 
ENERGY - 3.5%   
Energy Equipment & Services - 0.7%   
Liberty Oilfield Services, Inc. Class A (a) 816,368 8,319 
Newpark Resources, Inc. (a) 862,540 2,786 
Profire Energy, Inc. (a) 332,863 356 
  11,461 
Oil, Gas & Consumable Fuels - 2.8%   
Brigham Minerals, Inc. Class A 286,857 5,634 
Enviva Partners LP 179,185 9,676 
Evolution Petroleum Corp. 602,623 2,543 
Extraction Oil & Gas, Inc. (a) 148,774 6,619 
Laredo Petroleum, Inc. (a)(b) 32,002 1,762 
Northern Oil & Gas, Inc. 420,000 7,253 
Oasis Petroleum, Inc. 79,000 7,245 
SilverBow Resources, Inc. (a) 170,414 3,378 
  44,110 
TOTAL ENERGY  55,571 
FINANCIALS - 16.3%   
Banks - 0.4%   
Parke Bancorp, Inc. 99,137 1,979 
Spirit of Texas Bancshares, Inc. 68,880 1,604 
Union Bankshares, Inc. (b) 75,518 2,428 
  6,011 
Capital Markets - 7.3%   
Allfunds Group PLC (a) 36,500 642 
Bridge Investment Group Holdings, Inc. 411,910 6,492 
Bridgepoint Group Ltd. 2,083,718 14,047 
eQ Oyj PLC 34,110 1,088 
Euronext NV (c) 85,033 9,462 
Gresham House PLC 304,455 3,851 
Impax Asset Management Group PLC 1,992,389 33,399 
Liontrust Asset Management PLC 338,763 9,865 
LPL Financial 140,517 19,819 
StepStone Group, Inc. Class A 223,985 10,194 
Tailwind Acquisition Corp. (a)(b) 393,581 3,936 
Titanium OYJ 198,192 3,456 
Westwood Holdings Group, Inc. 53,479 1,356 
  117,607 
Consumer Finance - 0.7%   
First Cash Financial Services, Inc. 145,736 11,542 
Diversified Financial Services - 1.0%   
CCC Intelligent Solutions Holdings, Inc. Class A 1,136,564 10,525 
Cyxtera Technologies, Inc. Class A (a)(b) 626,871 5,949 
  16,474 
Insurance - 1.7%   
HCI Group, Inc. (b) 124,132 12,473 
Primerica, Inc. 103,206 15,091 
  27,564 
Thrifts & Mortgage Finance - 5.2%   
Axos Financial, Inc. (a) 394,075 18,856 
Federal Agricultural Mortgage Corp. Class C (non-vtg.) 53,805 5,246 
Hingham Institution for Savings 18,979 5,675 
Merchants Bancorp 192,544 7,055 
NMI Holdings, Inc. (a) 531,512 11,704 
Southern Missouri Bancorp, Inc. 171,880 7,714 
Walker & Dunlop, Inc. 253,563 26,239 
  82,489 
TOTAL FINANCIALS  261,687 
HEALTH CARE - 18.0%   
Biotechnology - 1.4%   
Bioventix PLC 19,095 1,048 
Emergent BioSolutions, Inc. (a) 288,856 19,036 
Prelude Therapeutics, Inc. 56,249 1,802 
  21,886 
Health Care Equipment & Supplies - 3.0%   
Medistim ASA 157,085 5,610 
Pro-Dex, Inc. (a) 117,428 3,603 
Semler Scientific, Inc. (a) 145,015 17,112 
TransMedics Group, Inc. (a) 220,888 6,300 
Tristel PLC (b) 1,080,432 9,056 
Utah Medical Products, Inc. 77,734 6,949 
  48,630 
Health Care Providers & Services - 4.4%   
Acadia Healthcare Co., Inc. (a) 174,832 10,791 
ATI Physical Therapy, Inc. (a)(b) 1,294,947 4,416 
InfuSystems Holdings, Inc. (a) 411,184 7,504 
The Ensign Group, Inc. 300,045 25,525 
The Joint Corp. (a) 200,637 15,848 
Viemed Healthcare, Inc. (a) 859,133 5,977 
  70,061 
Health Care Technology - 6.2%   
Evolent Health, Inc. (a)(b) 704,700 16,166 
Health Catalyst, Inc. (a) 270,292 15,693 
Inovalon Holdings, Inc. Class A (a) 895,085 33,901 
Phreesia, Inc. (a) 363,618 24,853 
PKS Holdings Ltd. (a) 3,112,271 1,062 
Schrodinger, Inc. (a) 102,827 6,958 
  98,633 
Life Sciences Tools & Services - 2.9%   
Addlife AB 456,200 15,220 
Diaceutics PLC (a) 1,422,876 2,156 
Medpace Holdings, Inc. (a) 151,916 26,728 
Stevanato Group SpA (b) 127,600 2,576 
  46,680 
Pharmaceuticals - 0.1%   
Phibro Animal Health Corp. Class A (b) 86,927 2,058 
TOTAL HEALTH CARE  287,948 
INDUSTRIALS - 16.1%   
Building Products - 1.6%   
Builders FirstSource, Inc. (a) 542,990 24,163 
Reliance Worldwide Corp. Ltd. 496,394 2,014 
  26,177 
Commercial Services & Supplies - 0.9%   
Qleanair Holding AB (d) 809,027 6,071 
Sdiptech AB (a) 166,424 7,917 
Team, Inc. (a) 112,275 693 
  14,681 
Construction & Engineering - 1.3%   
NV5 Global, Inc. (a) 222,939 21,179 
Electrical Equipment - 0.6%   
GrafTech International Ltd. 700,000 7,959 
Orion Energy Systems, Inc. (a) 201,577 1,010 
  8,969 
Industrial Conglomerates - 0.1%   
Volati AB 107,840 1,912 
Machinery - 0.8%   
Hurco Companies, Inc. 238,017 8,078 
Mayville Engineering Co., Inc. (a) 96,900 1,703 
Twin Disc, Inc. (a) 140,876 2,074 
  11,855 
Professional Services - 6.9%   
First Advantage Corp. 586,559 11,502 
Franklin Covey Co. (a) 378,192 13,838 
Insperity, Inc. 323,867 32,079 
Kelly Partners Group Holdings Ltd. 1,056,403 3,000 
MISTRAS Group, Inc. (a) 589,473 6,189 
Red Violet, Inc. (a)(b) 530,061 12,796 
SHL-JAPAN Ltd. 52,574 1,392 
Talenom OYJ 702,190 13,561 
TriNet Group, Inc. (a) 202,838 16,831 
  111,188 
Trading Companies & Distributors - 3.9%   
AerCap Holdings NV (a) 385,000 20,405 
DXP Enterprises, Inc. (a) 333,776 10,898 
GMS, Inc. (a) 632,276 31,064 
  62,367 
TOTAL INDUSTRIALS  258,328 
INFORMATION TECHNOLOGY - 16.3%   
Communications Equipment - 0.2%   
Casa Systems, Inc. (a) 461,752 3,468 
Sangoma Technologies Corp. (a) 31,650 77 
  3,545 
Electronic Equipment & Components - 1.5%   
Insight Enterprises, Inc. (a) 150,891 15,146 
SYNNEX Corp. 78,310 9,361 
  24,507 
IT Services - 5.5%   
BASE, Inc. (a)(b) 278,050 2,889 
Concentrix Corp. (a) 170,018 27,837 
Dlocal Ltd. 19,000 858 
ECIT A/S (a) 5,969,500 7,164 
Flywire Corp. (a) 3,200 102 
Fonix Mobile PLC 923,491 1,617 
Liberated Syndication, Inc. (a) 102,273 375 
MoneyGram International, Inc. (a) 1,661,985 17,185 
Paya Holdings, Inc. (a)(b) 1,293,309 14,860 
Paymentus Holdings, Inc. (a)(b) 3,000 87 
Payoneer Global, Inc. (a)(b) 135,000 1,274 
Priority Technology Holdings, Inc. (a) 1,141,151 6,984 
Shift4 Payments, Inc. (a) 67,390 6,011 
TaskUs, Inc. 47,900 1,459 
  88,702 
Software - 6.8%   
24sevenoffice Scandinavia AB (a) 1,247,162 3,767 
Admicom OYJ 96,260 10,677 
ChannelAdvisor Corp. (a) 798,921 18,607 
Cint Group AB 384,400 5,135 
E2open Parent Holdings, Inc. (a)(b) 890,000 8,945 
EcoOnline Holding A/S (a) 574,000 1,429 
Elmo Software Ltd. (a)(b) 1,244,086 4,337 
Energy One Ltd. 19,776 97 
EverCommerce, Inc. 450,000 7,907 
GetBusy PLC (a) 2,309,434 2,648 
Intapp, Inc. 162,616 5,513 
LeadDesk Oyj (a) 145,762 4,081 
MSL Solutions Ltd. (a) 11,800,802 1,602 
Orn Software A/S (a) 1,911,100 2,477 
Park City Group, Inc. (a)(b) 714,638 4,009 
Paycor HCM, Inc. 5,900 162 
Riskified Ltd. 155,400 4,261 
Sikri Holding A/S (a) 259,657 3,821 
Similarweb Ltd. (a) 14,100 338 
Topicus.Com, Inc. 148,120 11,160 
Upsales Technology AB (a) 581,954 7,031 
  108,004 
Technology Hardware, Storage & Peripherals - 2.3%   
Avid Technology, Inc. (a) 386,000 14,433 
NCR Corp. (a) 489,134 21,718 
  36,151 
TOTAL INFORMATION TECHNOLOGY  260,909 
MATERIALS - 1.4%   
Chemicals - 0.4%   
The Chemours Co. LLC 210,000 6,983 
Containers & Packaging - 0.7%   
O-I Glass, Inc. (a) 421,377 6,232 
UFP Technologies, Inc. (a) 82,397 4,926 
  11,158 
Metals & Mining - 0.3%   
Steel Dynamics, Inc. 66,416 4,281 
TOTAL MATERIALS  22,422 
REAL ESTATE - 6.5%   
Equity Real Estate Investment Trusts (REITs) - 2.6%   
Essential Properties Realty Trust, Inc. 686,857 20,468 
Spirit Realty Capital, Inc. 440,000 22,097 
  42,565 
Real Estate Management & Development - 3.9%   
Colliers International Group, Inc. 109,200 14,011 
Cushman & Wakefield PLC (a) 755,901 14,113 
Jones Lang LaSalle, Inc. (a) 117,730 26,203 
Newmark Group, Inc. 610,777 7,867 
  62,194 
TOTAL REAL ESTATE  104,759 
UTILITIES - 1.1%   
Gas Utilities - 0.6%   
Brookfield Infrastructure Corp. A Shares 132,838 8,603 
Independent Power and Renewable Electricity Producers - 0.5%   
NextEra Energy Partners LP 108,593 8,419 
TOTAL UTILITIES  17,022 
TOTAL COMMON STOCKS   
(Cost $1,214,280)  1,597,093 
Money Market Funds - 7.2%   
Fidelity Cash Central Fund 0.06% (e) 11,496,999 11,499 
Fidelity Securities Lending Cash Central Fund 0.06% (e)(f) 103,868,591 103,879 
TOTAL MONEY MARKET FUNDS   
(Cost $115,378)  115,378 
TOTAL INVESTMENT IN SECURITIES - 106.8%   
(Cost $1,329,658)  1,712,471 
NET OTHER ASSETS (LIABILITIES) - (6.8)%  (109,000) 
NET ASSETS - 100%  $1,603,471 

Legend

 (a) Non-income producing

 (b) Security or a portion of the security is on loan at period end.

 (c) 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 $11,806,000 or 0.7% of net assets.

 (d) Affiliated company

 (e) 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.

 (f) Investment made with cash collateral received from securities on loan.

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
 (Amounts in thousands) 
Fidelity Cash Central Fund $1 
Fidelity Securities Lending Cash Central Fund 396 
Total $397 

Amounts in the income column in the above table include any capital gain distributions from underlying funds. Amount 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.

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

Fund (Amounts in thousands) Value, beginning of period Purchases Sales Proceeds Realized Gain/Loss Change in Unrealized appreciation (depreciation) Value, end of period % ownership, end of period 
Fidelity Cash Central Fund 0.06% $5,087 $106,321 $99,909 $-- $-- $11,499 0.0% 
Fidelity Securities Lending Cash Central Fund 0.06% 112,864 164,568 173,553 -- -- 103,879 0.3% 
Total $117,951 $270,889 $273,462 $-- $-- $115,378  

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 as follows:

Affiliate (Amounts in thousands) Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Qleanair Holding AB $6,218 $-- $126 $109 $12 $(33) $6,071 
Total $6,218 $-- $126 $109 $12 $(33) $6,071 

Investment Valuation

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors 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 procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - 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). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's 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 vendor 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 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 each business day and are categorized as Level 1 in the 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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