0001752724-23-213914.txt : 20230925 0001752724-23-213914.hdr.sgml : 20230925 20230925150922 ACCESSION NUMBER: 0001752724-23-213914 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230731 FILED AS OF DATE: 20230925 DATE AS OF CHANGE: 20230925 PERIOD START: 20240430 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY CONCORD STREET TRUST CENTRAL INDEX KEY: 0000819118 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-05251 FILM NUMBER: 231275495 BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 617-563-7000 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY INSTITUTIONAL TRUST DATE OF NAME CHANGE: 19920703 0000819118 S000055368 Fidelity Series Small Cap Discovery Fund C000174188 Fidelity Series Small Cap Discovery Fund FJACX NPORT-P 1 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5493004HI6PFLF46NS53 TD SYNNEX CORP 87162W100 125000.00000000 NS USD 12338750.00000000 1.013829053691 Long EC CORP US N 1 N N N FIRST HAWAIIAN INC 5493002DJSH46F5OLV06 FIRST HAWAIIAN INC 32051X108 569800.00000000 NS USD 11789162.00000000 0.968671458152 Long EC CORP US N 1 N N N UTAH MEDICAL PRODUCTS INC 5493002R27BBGV8DID60 UTAH MEDICAL PRODUCTS INC 917488108 32219.00000000 NS USD 3168094.27000000 0.260310486537 Long EC CORP US N 1 N N N BROOKFIELD INFRASTRUCTURE CORP N/A BROOKFIELD INFRASTRUCTURE - A 11275Q107 500800.00000000 NS USD 23397376.00000000 1.922475094231 Long EC CORP CA N 1 N N N CADENCE BANK Q7C315HKI8VX0SSKBS64 CADENCE BANK 12740C103 750000.00000000 NS USD 18787500.00000000 1.543698781986 Long EC CORP US N 1 N N N CORE and MAIN INC N/A CORE and MAIN INC 21874C102 200800.00000000 NS USD 6347288.00000000 0.521532974292 Long EC CORP US N 1 N N 2023-08-30 Stacie M. Smith Stacie M. Smith Stacie M. Smith President and Treasurer XXXX NPORT-EX 2 QTLY_2615_20230731.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Series Small Cap Discovery Fund
July 31, 2023
XS4-NPRT1-0923
1.968035.109
Common Stocks - 96.3%
 
 
Shares
Value ($)
 
COMMUNICATION SERVICES - 1.3%
 
 
 
Interactive Media & Services - 1.3%
 
 
 
Ziff Davis, Inc. (a)
 
214,561
15,559,964
CONSUMER DISCRETIONARY - 15.8%
 
 
 
Automobile Components - 3.9%
 
 
 
Adient PLC (a)
 
496,400
21,126,784
Patrick Industries, Inc.
 
295,500
25,575,525
 
 
 
46,702,309
Diversified Consumer Services - 1.8%
 
 
 
Adtalem Global Education, Inc. (a)
 
158,068
6,834,860
Laureate Education, Inc. Class A
 
1,122,300
14,387,886
 
 
 
21,222,746
Household Durables - 4.6%
 
 
 
Helen of Troy Ltd. (a)(b)
 
137,500
19,428,750
LGI Homes, Inc. (a)(b)
 
255,409
35,437,999
 
 
 
54,866,749
Leisure Products - 0.8%
 
 
 
Brunswick Corp.
 
106,900
9,226,539
Specialty Retail - 3.4%
 
 
 
America's Car Mart, Inc. (a)(b)
 
129,900
15,473,688
Murphy U.S.A., Inc.
 
53,200
16,333,996
Upbound Group, Inc.
 
246,000
8,518,980
Victoria's Secret & Co. (a)
 
34,800
713,052
 
 
 
41,039,716
Textiles, Apparel & Luxury Goods - 1.3%
 
 
 
Crocs, Inc. (a)
 
129,300
14,009,655
Wolverine World Wide, Inc.
 
131,637
1,667,841
 
 
 
15,677,496
TOTAL CONSUMER DISCRETIONARY
 
 
188,735,555
CONSUMER STAPLES - 3.0%
 
 
 
Consumer Staples Distribution & Retail - 3.0%
 
 
 
Performance Food Group Co. (a)
 
475,000
28,386,000
Sprouts Farmers Market LLC (a)
 
189,537
7,439,327
 
 
 
35,825,327
ENERGY - 7.6%
 
 
 
Energy Equipment & Services - 3.8%
 
 
 
ShawCor Ltd. Class A (a)
 
2,333,709
35,572,404
Total Energy Services, Inc. (b)
 
1,307,230
10,151,318
 
 
 
45,723,722
Oil, Gas & Consumable Fuels - 3.8%
 
 
 
Parkland Corp.
 
500,000
13,654,116
Sitio Royalties Corp. (b)
 
1,133,000
30,976,220
 
 
 
44,630,336
TOTAL ENERGY
 
 
90,354,058
FINANCIALS - 16.0%
 
 
 
Banks - 2.6%
 
 
 
Cadence Bank
 
750,000
18,787,500
First Hawaiian, Inc.
 
569,800
11,789,162
 
 
 
30,576,662
Capital Markets - 0.6%
 
 
 
Virtus Investment Partners, Inc.
 
35,600
7,323,988
Consumer Finance - 3.1%
 
 
 
FirstCash Holdings, Inc.
 
389,400
37,102,032
Financial Services - 0.5%
 
 
 
WEX, Inc. (a)
 
33,600
6,362,160
Insurance - 9.2%
 
 
 
Assurant, Inc.
 
142,100
19,113,871
Enstar Group Ltd. (a)
 
125,000
31,985,000
First American Financial Corp.
 
599,500
37,996,311
Primerica, Inc.
 
96,400
20,504,280
 
 
 
109,599,462
TOTAL FINANCIALS
 
 
190,964,304
HEALTH CARE - 5.4%
 
 
 
Biotechnology - 1.5%
 
 
 
Blueprint Medicines Corp. (a)
 
105,900
6,989,400
Cerevel Therapeutics Holdings (a)(b)
 
212,500
6,500,375
Keros Therapeutics, Inc. (a)
 
50,000
2,094,000
Vaxcyte, Inc. (a)
 
51,610
2,480,377
 
 
 
18,064,152
Health Care Equipment & Supplies - 1.6%
 
 
 
Envista Holdings Corp. (a)
 
450,000
15,484,500
Utah Medical Products, Inc.
 
32,219
3,168,094
 
 
 
18,652,594
Health Care Providers & Services - 1.9%
 
 
 
AdaptHealth Corp. (a)
 
395,300
5,431,422
Owens & Minor, Inc. (a)
 
879,800
16,927,352
 
 
 
22,358,774
Pharmaceuticals - 0.4%
 
 
 
Arvinas Holding Co. LLC (a)
 
86,000
2,125,920
Ventyx Biosciences, Inc. (a)
 
71,000
2,630,550
 
 
 
4,756,470
TOTAL HEALTH CARE
 
 
63,831,990
INDUSTRIALS - 23.1%
 
 
 
Aerospace & Defense - 0.1%
 
 
 
V2X, Inc. (a)
 
31,591
1,625,673
Building Products - 1.7%
 
 
 
Armstrong World Industries, Inc.
 
267,083
20,661,541
Commercial Services & Supplies - 1.8%
 
 
 
The Brink's Co.
 
286,900
20,932,224
Construction & Engineering - 1.1%
 
 
 
EMCOR Group, Inc.
 
60,700
13,052,928
Electrical Equipment - 0.4%
 
 
 
Vertiv Holdings Co.
 
174,800
4,546,548
Ground Transportation - 5.2%
 
 
 
TFI International, Inc.
 
200,000
25,670,000
TFI International, Inc. (Canada)
 
75,000
9,626,322
XPO, Inc. (a)
 
373,790
25,881,220
 
 
 
61,177,542
Professional Services - 9.2%
 
 
 
ASGN, Inc. (a)
 
271,198
20,697,831
Concentrix Corp.
 
273,800
22,791,112
Genpact Ltd.
 
471,800
17,027,262
Kforce, Inc. (b)
 
500,000
31,720,000
Maximus, Inc.
 
102,896
8,618,569
Persol Holdings Co. Ltd.
 
458,185
9,043,570
 
 
 
109,898,344
Trading Companies & Distributors - 3.6%
 
 
 
Beacon Roofing Supply, Inc. (a)
 
425,000
36,409,750
Core & Main, Inc. (a)
 
200,800
6,347,288
 
 
 
42,757,038
TOTAL INDUSTRIALS
 
 
274,651,838
INFORMATION TECHNOLOGY - 11.5%
 
 
 
Communications Equipment - 1.3%
 
 
 
Lumentum Holdings, Inc. (a)
 
285,900
14,969,724
Electronic Equipment, Instruments & Components - 4.8%
 
 
 
Coherent Corp. (a)
 
63,295
2,997,651
Insight Enterprises, Inc. (a)
 
245,700
36,041,733
TD SYNNEX Corp.
 
125,000
12,338,750
TTM Technologies, Inc. (a)
 
428,200
6,148,952
 
 
 
57,527,086
Semiconductors & Semiconductor Equipment - 4.7%
 
 
 
Cirrus Logic, Inc. (a)
 
193,600
15,642,880
Diodes, Inc. (a)
 
42,100
3,978,029
Ichor Holdings Ltd. (a)
 
850,000
32,912,000
SMART Global Holdings, Inc. (a)
 
139,200
3,702,720
 
 
 
56,235,629
Software - 0.7%
 
 
 
New Relic, Inc. (a)
 
96,600
8,112,468
TOTAL INFORMATION TECHNOLOGY
 
 
136,844,907
MATERIALS - 5.8%
 
 
 
Chemicals - 3.1%
 
 
 
Olin Corp.
 
520,800
30,039,744
The Chemours Co. LLC
 
180,035
6,657,694
 
 
 
36,697,438
Construction Materials - 0.6%
 
 
 
Wienerberger AG
 
235,100
7,708,245
Containers & Packaging - 1.2%
 
 
 
Graphic Packaging Holding Co.
 
577,700
13,980,340
Metals & Mining - 0.9%
 
 
 
ERO Copper Corp. (a)
 
464,500
11,166,458
TOTAL MATERIALS
 
 
69,552,481
REAL ESTATE - 4.8%
 
 
 
Equity Real Estate Investment Trusts (REITs) - 0.5%
 
 
 
Douglas Emmett, Inc.
 
367,700
5,405,190
Real Estate Management & Development - 4.3%
 
 
 
Cushman & Wakefield PLC (a)(b)
 
2,250,000
22,117,500
Jones Lang LaSalle, Inc. (a)
 
175,000
29,146,250
 
 
 
51,263,750
TOTAL REAL ESTATE
 
 
56,668,940
UTILITIES - 2.0%
 
 
 
Gas Utilities - 2.0%
 
 
 
Brookfield Infrastructure Corp. A Shares
 
500,800
23,397,376
 
TOTAL COMMON STOCKS
 (Cost $909,546,581)
 
 
 
1,146,386,740
 
 
 
 
Money Market Funds - 10.5%
 
 
Shares
Value ($)
 
Fidelity Cash Central Fund 5.32% (c)
 
64,797,275
64,810,234
Fidelity Securities Lending Cash Central Fund 5.32% (c)(d)
 
59,409,653
59,415,594
 
TOTAL MONEY MARKET FUNDS
 (Cost $124,225,828)
 
 
124,225,828
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 106.8%
 (Cost $1,033,772,409)
 
 
 
1,270,612,568
NET OTHER ASSETS (LIABILITIES) - (6.8)%  
(80,501,676)
NET ASSETS - 100.0%
1,190,110,892
 
 
Legend
 
(a)
Non-income producing
 
(b)
Security or a portion of the security is on loan at period end.
 
(c)
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.
 
(d)
Investment made with cash collateral received from securities on loan.
 
 
 
 
 
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 5.32%
30,296,753
161,927,900
127,414,419
486,033
-
-
64,810,234
0.2%
Fidelity Securities Lending Cash Central Fund 5.32%
70,453,469
149,176,200
160,214,075
40,201
-
-
59,415,594
0.2%
Total
100,750,222
311,104,100
287,628,494
526,234
-
-
124,225,828
 
 
 
 
 
 
 
 
 
 
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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