NPORT-EX 2 QTLY_3231_20230731.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity ZERO® Large Cap Index Fund
July 31, 2023
LCX-NPRT3-0923
1.9891463.104
Common Stocks - 99.7%
 
 
Shares
Value ($)
 
COMMUNICATION SERVICES - 8.7%
 
 
 
Diversified Telecommunication Services - 0.6%
 
 
 
AT&T, Inc.
 
1,234,836
17,929,819
Verizon Communications, Inc.
 
726,153
24,747,294
 
 
 
42,677,113
Entertainment - 1.4%
 
 
 
Activision Blizzard, Inc.
 
123,566
11,461,982
Atlanta Braves Holdings, Inc.
 
6,944
282,760
Atlanta Braves Holdings, Inc. Class A (a)
 
2,207
104,479
Electronic Arts, Inc.
 
44,996
6,135,205
Liberty Media Corp. Liberty Formula One:
 
 
 
 Class A (b)
 
4,214
270,876
 Series C (b)
 
35,866
2,603,872
Netflix, Inc. (b)
 
76,786
33,706,750
Roblox Corp. (b)
 
63,907
2,508,350
Take-Two Interactive Software, Inc. (b)
 
27,384
4,188,109
The Walt Disney Co. (b)
 
315,630
28,056,351
Warner Bros Discovery, Inc. (b)
 
382,896
5,004,451
 
 
 
94,323,185
Interactive Media & Services - 5.6%
 
 
 
Alphabet, Inc.:
 
 
 
 Class A (b)
 
1,026,337
136,215,447
 Class C (b)
 
882,593
117,481,954
Match Group, Inc. (b)
 
48,134
2,238,712
Meta Platforms, Inc. Class A (b)
 
382,110
121,740,246
Pinterest, Inc. Class A (b)
 
102,676
2,976,577
Snap, Inc. Class A (a)(b)
 
172,579
1,960,497
 
 
 
382,613,433
Media - 0.9%
 
 
 
Charter Communications, Inc. Class A (b)
 
17,945
7,271,135
Comcast Corp. Class A
 
718,461
32,517,545
Fox Corp.:
 
 
 
 Class A
 
47,327
1,583,088
 Class B
 
22,713
713,415
Interpublic Group of Companies, Inc.
 
66,725
2,283,997
Liberty Broadband Corp.:
 
 
 
 Class A (b)
 
2,788
247,658
 Class C (b)
 
20,395
1,817,806
Liberty Media Corp. Liberty SiriusXM:
 
 
 
 Series A (b)
 
13,208
418,694
 Series C (b)
 
26,044
828,981
Omnicom Group, Inc.
 
34,460
2,916,005
Paramount Global:
 
 
 
 Class A (a)
 
1,922
37,018
 Class B
 
86,829
1,391,869
The Trade Desk, Inc. (b)
 
76,697
6,999,368
 
 
 
59,026,579
Wireless Telecommunication Services - 0.2%
 
 
 
T-Mobile U.S., Inc. (b)
 
99,484
13,705,911
TOTAL COMMUNICATION SERVICES
 
 
592,346,221
CONSUMER DISCRETIONARY - 10.4%
 
 
 
Automobile Components - 0.1%
 
 
 
Aptiv PLC (b)
 
46,722
5,115,592
Automobiles - 2.1%
 
 
 
Ford Motor Co.
 
678,769
8,966,538
General Motors Co.
 
240,094
9,212,407
Tesla, Inc. (b)
 
465,354
124,449,620
 
 
 
142,628,565
Broadline Retail - 3.1%
 
 
 
Amazon.com, Inc. (b)
 
1,541,901
206,121,326
eBay, Inc.
 
92,356
4,110,766
Etsy, Inc. (b)
 
21,331
2,168,296
 
 
 
212,400,388
Distributors - 0.1%
 
 
 
Genuine Parts Co.
 
24,267
3,778,857
LKQ Corp.
 
43,888
2,404,624
Pool Corp.
 
6,753
2,598,149
 
 
 
8,781,630
Hotels, Restaurants & Leisure - 2.2%
 
 
 
Airbnb, Inc. Class A (b)
 
71,234
10,841,102
Booking Holdings, Inc. (b)
 
6,380
18,953,704
Caesars Entertainment, Inc. (b)
 
37,207
2,195,957
Carnival Corp. (a)(b)
 
173,482
3,268,401
Chipotle Mexican Grill, Inc. (b)
 
4,766
9,352,226
Darden Restaurants, Inc.
 
20,886
3,528,063
Domino's Pizza, Inc.
 
6,111
2,424,478
Doordash, Inc. (a)(b)
 
45,506
4,131,490
Expedia, Inc. (b)
 
24,625
3,017,301
Hilton Worldwide Holdings, Inc.
 
45,706
7,106,826
Las Vegas Sands Corp.
 
56,765
3,395,115
Marriott International, Inc. Class A
 
44,538
8,988,214
McDonald's Corp.
 
126,116
36,977,211
MGM Resorts International
 
52,163
2,648,316
Royal Caribbean Cruises Ltd. (b)
 
37,990
4,145,089
Starbucks Corp.
 
198,020
20,112,891
Yum! Brands, Inc.
 
48,378
6,660,199
 
 
 
147,746,583
Household Durables - 0.3%
 
 
 
D.R. Horton, Inc.
 
53,611
6,809,669
Garmin Ltd.
 
26,430
2,798,673
Lennar Corp.:
 
 
 
 Class A
 
43,715
5,544,373
 Class B (a)
 
2,593
297,962
NVR, Inc. (b)
 
527
3,323,494
PulteGroup, Inc.
 
38,556
3,253,741
 
 
 
22,027,912
Specialty Retail - 2.0%
 
 
 
AutoZone, Inc. (b)
 
3,178
7,886,906
Best Buy Co., Inc.
 
33,611
2,791,394
Burlington Stores, Inc. (b)
 
11,198
1,988,989
CarMax, Inc. (a)(b)
 
27,321
2,256,988
Lowe's Companies, Inc.
 
103,010
24,132,153
O'Reilly Automotive, Inc. (b)
 
10,516
9,735,608
Ross Stores, Inc.
 
59,083
6,773,275
The Home Depot, Inc.
 
174,922
58,395,960
TJX Companies, Inc.
 
198,913
17,211,942
Tractor Supply Co.
 
18,923
4,238,563
Ulta Beauty, Inc. (b)
 
8,651
3,847,965
 
 
 
139,259,743
Textiles, Apparel & Luxury Goods - 0.5%
 
 
 
lululemon athletica, Inc. (b)
 
20,012
7,575,142
NIKE, Inc. Class B
 
212,823
23,493,531
 
 
 
31,068,673
TOTAL CONSUMER DISCRETIONARY
 
 
709,029,086
CONSUMER STAPLES - 6.4%
 
 
 
Beverages - 1.6%
 
 
 
Brown-Forman Corp. Class B (non-vtg.)
 
31,618
2,232,231
Constellation Brands, Inc. Class A (sub. vtg.)
 
27,849
7,597,207
Keurig Dr. Pepper, Inc.
 
145,467
4,947,333
Monster Beverage Corp.
 
131,982
7,587,645
PepsiCo, Inc.
 
237,974
44,610,606
The Coca-Cola Co.
 
672,306
41,635,911
 
 
 
108,610,933
Consumer Staples Distribution & Retail - 1.8%
 
 
 
Costco Wholesale Corp.
 
76,605
42,950,125
Dollar General Corp.
 
37,845
6,390,507
Dollar Tree, Inc. (b)
 
35,914
5,542,608
Kroger Co.
 
112,799
5,486,543
Sysco Corp.
 
87,517
6,678,422
Target Corp.
 
79,721
10,879,525
Walgreens Boots Alliance, Inc.
 
123,680
3,706,690
Walmart, Inc.
 
242,291
38,732,639
 
 
 
120,367,059
Food Products - 1.0%
 
 
 
Archer Daniels Midland Co.
 
94,069
7,992,102
Bunge Ltd.
 
26,009
2,826,398
Conagra Brands, Inc.
 
82,372
2,702,625
General Mills, Inc.
 
101,452
7,582,522
Hormel Foods Corp.
 
50,096
2,047,924
Kellogg Co.
 
44,393
2,969,448
Lamb Weston Holdings, Inc.
 
25,172
2,608,574
McCormick & Co., Inc. (non-vtg.)
 
43,325
3,876,721
Mondelez International, Inc.
 
235,242
17,438,489
The Hershey Co.
 
25,440
5,884,526
The J.M. Smucker Co.
 
18,420
2,774,973
The Kraft Heinz Co.
 
137,785
4,985,061
Tyson Foods, Inc. Class A
 
49,326
2,748,445
 
 
 
66,437,808
Household Products - 1.3%
 
 
 
Church & Dwight Co., Inc.
 
42,189
4,036,222
Colgate-Palmolive Co.
 
143,289
10,927,219
Kimberly-Clark Corp.
 
58,273
7,523,044
Procter & Gamble Co.
 
407,135
63,635,201
The Clorox Co.
 
21,359
3,235,461
 
 
 
89,357,147
Personal Care Products - 0.1%
 
 
 
Estee Lauder Companies, Inc. Class A
 
40,050
7,209,000
Tobacco - 0.6%
 
 
 
Altria Group, Inc.
 
308,329
14,004,303
Philip Morris International, Inc.
 
268,117
26,736,627
 
 
 
40,740,930
TOTAL CONSUMER STAPLES
 
 
432,722,877
ENERGY - 4.2%
 
 
 
Energy Equipment & Services - 0.4%
 
 
 
Baker Hughes Co. Class A
 
174,865
6,258,418
Halliburton Co.
 
155,825
6,089,641
Schlumberger Ltd.
 
246,204
14,363,541
 
 
 
26,711,600
Oil, Gas & Consumable Fuels - 3.8%
 
 
 
Cheniere Energy, Inc.
 
41,965
6,792,455
Chevron Corp.
 
301,021
49,265,097
ConocoPhillips Co.
 
209,017
24,605,481
Coterra Energy, Inc.
 
130,806
3,602,397
Devon Energy Corp.
 
110,830
5,984,820
Diamondback Energy, Inc.
 
31,276
4,607,580
EOG Resources, Inc.
 
101,023
13,388,578
Exxon Mobil Corp.
 
698,362
74,892,341
Hess Corp.
 
47,733
7,242,528
Kinder Morgan, Inc.
 
340,636
6,032,664
Marathon Oil Corp.
 
106,672
2,802,273
Marathon Petroleum Corp.
 
73,286
9,748,504
Occidental Petroleum Corp.
 
124,099
7,834,370
ONEOK, Inc.
 
77,281
5,180,918
Ovintiv, Inc. (a)
 
42,313
1,950,206
Phillips 66 Co.
 
79,259
8,841,341
Pioneer Natural Resources Co.
 
40,373
9,110,975
Targa Resources Corp.
 
39,044
3,201,218
The Williams Companies, Inc.
 
210,402
7,248,349
Valero Energy Corp.
 
62,443
8,049,527
 
 
 
260,381,622
TOTAL ENERGY
 
 
287,093,222
FINANCIALS - 12.7%
 
 
 
Banks - 3.1%
 
 
 
Bank of America Corp.
 
1,197,577
38,322,464
Citigroup, Inc.
 
336,260
16,026,152
Citizens Financial Group, Inc.
 
83,602
2,697,001
Fifth Third Bancorp
 
117,558
3,420,938
Huntington Bancshares, Inc.
 
249,313
3,051,591
JPMorgan Chase & Co.
 
504,782
79,735,365
KeyCorp
 
161,667
1,990,121
M&T Bank Corp.
 
28,645
4,006,290
PNC Financial Services Group, Inc.
 
68,935
9,436,512
Regions Financial Corp.
 
162,032
3,300,592
Truist Financial Corp.
 
230,054
7,642,394
U.S. Bancorp
 
240,942
9,560,579
Wells Fargo & Co.
 
648,129
29,917,635
 
 
 
209,107,634
Capital Markets - 2.9%
 
 
 
Ameriprise Financial, Inc.
 
17,995
6,270,358
Bank of New York Mellon Corp.
 
124,029
5,625,955
BlackRock, Inc. Class A
 
25,868
19,112,572
Blackstone, Inc.
 
121,961
12,780,293
Cboe Global Markets, Inc.
 
18,239
2,547,624
Charles Schwab Corp.
 
256,691
16,967,275
CME Group, Inc.
 
62,134
12,362,181
FactSet Research Systems, Inc.
 
6,617
2,878,660
Goldman Sachs Group, Inc.
 
57,423
20,435,123
Intercontinental Exchange, Inc.
 
96,708
11,102,078
KKR & Co. LP
 
99,877
5,930,696
LPL Financial
 
13,414
3,076,635
MarketAxess Holdings, Inc.
 
6,519
1,755,045
Moody's Corp.
 
27,258
9,615,260
Morgan Stanley
 
225,015
20,602,373
MSCI, Inc.
 
13,829
7,579,398
NASDAQ, Inc.
 
58,487
2,953,009
Northern Trust Corp.
 
35,981
2,882,798
Raymond James Financial, Inc.
 
32,939
3,625,596
S&P Global, Inc.
 
56,656
22,351,359
State Street Corp.
 
57,732
4,182,106
T. Rowe Price Group, Inc.
 
38,784
4,780,516
 
 
 
199,416,910
Consumer Finance - 0.5%
 
 
 
American Express Co.
 
102,705
17,344,820
Capital One Financial Corp.
 
65,942
7,716,533
Discover Financial Services
 
43,862
4,629,634
Synchrony Financial
 
74,037
2,557,238
 
 
 
32,248,225
Financial Services - 4.2%
 
 
 
Apollo Global Management, Inc.
 
74,483
6,086,006
Berkshire Hathaway, Inc. Class B (b)
 
308,033
108,415,295
Block, Inc. Class A (b)
 
94,005
7,570,223
Fidelity National Information Services, Inc.
 
102,324
6,178,323
Fiserv, Inc. (b)
 
106,629
13,457,646
FleetCor Technologies, Inc. (b)
 
12,754
3,174,598
Global Payments, Inc.
 
45,239
4,987,600
Jack Henry & Associates, Inc.
 
12,610
2,113,058
MasterCard, Inc. Class A
 
144,537
56,988,048
PayPal Holdings, Inc. (b)
 
192,713
14,611,500
Visa, Inc. Class A
 
279,522
66,450,765
 
 
 
290,033,062
Insurance - 2.0%
 
 
 
AFLAC, Inc.
 
94,980
6,870,853
Allstate Corp.
 
45,398
5,115,447
American International Group, Inc.
 
125,011
7,535,663
Aon PLC
 
35,281
11,236,999
Arch Capital Group Ltd. (b)
 
64,331
4,997,875
Arthur J. Gallagher & Co.
 
37,001
7,947,815
Brown & Brown, Inc.
 
40,662
2,864,638
Chubb Ltd.
 
71,541
14,623,696
Cincinnati Financial Corp.
 
27,153
2,921,120
Everest Re Group Ltd.
 
7,406
2,669,937
Fidelity National Financial, Inc.
 
47,141
1,846,513
Hartford Financial Services Group, Inc.
 
53,581
3,851,402
Markel Group, Inc. (b)
 
2,306
3,343,031
Marsh & McLennan Companies, Inc.
 
85,459
16,102,185
MetLife, Inc.
 
111,108
6,996,471
Principal Financial Group, Inc.
 
38,993
3,114,371
Progressive Corp.
 
101,110
12,737,838
Prudential Financial, Inc.
 
63,039
6,082,633
The Travelers Companies, Inc.
 
39,896
6,886,449
W.R. Berkley Corp.
 
34,709
2,141,198
Willis Towers Watson PLC
 
18,381
3,884,457
 
 
 
133,770,591
TOTAL FINANCIALS
 
 
864,576,422
HEALTH CARE - 13.1%
 
 
 
Biotechnology - 2.2%
 
 
 
AbbVie, Inc.
 
304,749
45,584,355
Alnylam Pharmaceuticals, Inc. (b)
 
21,507
4,202,468
Amgen, Inc.
 
92,293
21,610,406
Biogen, Inc. (b)
 
24,999
6,754,480
BioMarin Pharmaceutical, Inc. (b)
 
32,417
2,850,427
Exact Sciences Corp. (b)
 
31,157
3,039,054
Gilead Sciences, Inc.
 
215,455
16,404,744
Horizon Therapeutics PLC (b)
 
39,142
3,924,768
Incyte Corp. (b)
 
32,024
2,040,569
Moderna, Inc. (b)
 
56,625
6,662,498
Regeneron Pharmaceuticals, Inc. (b)
 
18,636
13,826,235
Seagen, Inc. (b)
 
23,967
4,596,391
Vertex Pharmaceuticals, Inc. (b)
 
44,487
15,674,550
 
 
 
147,170,945
Health Care Equipment & Supplies - 2.7%
 
 
 
Abbott Laboratories
 
300,375
33,440,749
Align Technology, Inc. (b)
 
12,291
4,644,646
Baxter International, Inc.
 
87,364
3,951,474
Becton, Dickinson & Co.
 
49,058
13,668,540
Boston Scientific Corp. (b)
 
248,344
12,876,636
DexCom, Inc. (b)
 
66,956
8,340,039
Edwards Lifesciences Corp. (b)
 
104,711
8,593,632
GE Healthcare Holding LLC
 
67,540
5,268,120
Hologic, Inc. (b)
 
42,507
3,375,906
IDEXX Laboratories, Inc. (b)
 
14,337
7,953,164
Insulet Corp. (b)
 
12,038
3,331,517
Intuitive Surgical, Inc. (b)
 
60,525
19,634,310
Medtronic PLC
 
229,808
20,167,950
ResMed, Inc.
 
25,379
5,643,021
STERIS PLC
 
17,149
3,867,957
Stryker Corp.
 
58,359
16,539,524
Teleflex, Inc.
 
8,113
2,037,742
The Cooper Companies, Inc.
 
8,542
3,342,143
Zimmer Biomet Holdings, Inc.
 
36,027
4,977,130
 
 
 
181,654,200
Health Care Providers & Services - 2.7%
 
 
 
AmerisourceBergen Corp.
 
27,981
5,229,649
Cardinal Health, Inc.
 
43,979
4,022,759
Centene Corp. (b)
 
94,783
6,453,774
Cigna Group
 
51,106
15,081,381
CVS Health Corp.
 
221,440
16,539,354
Elevance Health, Inc.
 
40,947
19,311,834
HCA Holdings, Inc.
 
35,640
9,722,948
Humana, Inc.
 
21,581
9,858,848
Laboratory Corp. of America Holdings
 
15,301
3,273,343
McKesson Corp.
 
23,423
9,425,415
Molina Healthcare, Inc. (b)
 
10,073
3,067,128
Quest Diagnostics, Inc.
 
19,351
2,616,449
UnitedHealth Group, Inc.
 
160,820
81,434,423
 
 
 
186,037,305
Health Care Technology - 0.1%
 
 
 
Veeva Systems, Inc. Class A (b)
 
25,164
5,138,992
Life Sciences Tools & Services - 1.6%
 
 
 
Agilent Technologies, Inc.
 
51,066
6,218,307
Avantor, Inc. (b)
 
116,570
2,397,845
Bio-Techne Corp.
 
27,210
2,269,314
Charles River Laboratories International, Inc. (b)
 
8,854
1,855,267
Danaher Corp.
 
114,709
29,257,678
Fortrea Holdings, Inc.
 
15,318
489,563
Illumina, Inc. (b)
 
27,307
5,247,040
IQVIA Holdings, Inc. (b)
 
32,046
7,170,613
Mettler-Toledo International, Inc. (b)
 
3,803
4,782,158
Revvity, Inc.
 
21,695
2,667,400
Thermo Fisher Scientific, Inc.
 
66,625
36,554,473
Waters Corp. (b)
 
10,192
2,815,132
West Pharmaceutical Services, Inc.
 
12,824
4,719,745
 
 
 
106,444,535
Pharmaceuticals - 3.8%
 
 
 
Bristol-Myers Squibb Co.
 
362,871
22,566,947
Catalent, Inc. (b)
 
31,201
1,513,873
Eli Lilly & Co.
 
136,096
61,862,437
Johnson & Johnson
 
448,887
75,202,039
Merck & Co., Inc.
 
438,296
46,744,268
Pfizer, Inc.
 
975,110
35,162,467
Royalty Pharma PLC
 
65,123
2,043,560
Viatris, Inc.
 
207,313
2,183,006
Zoetis, Inc. Class A
 
79,818
15,012,968
 
 
 
262,291,565
TOTAL HEALTH CARE
 
 
888,737,542
INDUSTRIALS - 8.4%
 
 
 
Aerospace & Defense - 1.6%
 
 
 
Axon Enterprise, Inc. (b)
 
12,132
2,255,703
General Dynamics Corp.
 
38,861
8,688,542
HEICO Corp.
 
6,883
1,211,270
HEICO Corp. Class A
 
12,043
1,690,235
Howmet Aerospace, Inc.
 
63,539
3,249,384
L3Harris Technologies, Inc.
 
32,724
6,200,871
Lockheed Martin Corp.
 
38,935
17,379,416
Northrop Grumman Corp.
 
24,658
10,972,810
Raytheon Technologies Corp.
 
252,390
22,192,653
Textron, Inc.
 
34,834
2,709,040
The Boeing Co. (b)
 
97,680
23,330,868
TransDigm Group, Inc.
 
9,014
8,110,076
 
 
 
107,990,868
Air Freight & Logistics - 0.6%
 
 
 
C.H. Robinson Worldwide, Inc.
 
20,105
2,014,119
Expeditors International of Washington, Inc.
 
26,389
3,359,320
FedEx Corp.
 
39,942
10,782,343
United Parcel Service, Inc. Class B
 
125,193
23,427,366
 
 
 
39,583,148
Building Products - 0.4%
 
 
 
Carrier Global Corp.
 
144,200
8,587,110
Johnson Controls International PLC
 
118,510
8,242,371
Masco Corp.
 
38,894
2,360,088
Trane Technologies PLC
 
39,392
7,856,340
 
 
 
27,045,909
Commercial Services & Supplies - 0.4%
 
 
 
Cintas Corp.
 
14,932
7,496,461
Copart, Inc. (b)
 
74,093
6,549,080
Republic Services, Inc.
 
35,513
5,366,369
Waste Management, Inc.
 
63,948
10,474,043
 
 
 
29,885,953
Construction & Engineering - 0.1%
 
 
 
Quanta Services, Inc.
 
25,077
5,056,025
Electrical Equipment - 0.5%
 
 
 
AMETEK, Inc.
 
39,812
6,314,183
Eaton Corp. PLC
 
68,851
14,136,487
Emerson Electric Co.
 
98,715
9,017,615
Rockwell Automation, Inc.
 
19,842
6,672,666
 
 
 
36,140,951
Ground Transportation - 1.1%
 
 
 
CSX Corp.
 
351,170
11,700,984
J.B. Hunt Transport Services, Inc.
 
14,320
2,920,421
Norfolk Southern Corp.
 
39,320
9,184,759
Old Dominion Freight Lines, Inc.
 
15,531
6,515,099
Uber Technologies, Inc. (b)
 
349,578
17,290,128
Union Pacific Corp.
 
105,314
24,434,954
 
 
 
72,046,345
Industrial Conglomerates - 0.8%
 
 
 
3M Co.
 
95,285
10,624,278
General Electric Co.
 
188,103
21,488,887
Honeywell International, Inc.
 
114,943
22,313,885
 
 
 
54,427,050
Machinery - 1.7%
 
 
 
Caterpillar, Inc.
 
89,020
23,605,433
Cummins, Inc.
 
24,451
6,376,821
Deere & Co.
 
46,578
20,009,909
Dover Corp.
 
24,153
3,525,613
Fortive Corp.
 
61,066
4,784,521
IDEX Corp.
 
13,052
2,947,272
Illinois Tool Works, Inc.
 
47,772
12,579,323
Ingersoll Rand, Inc.
 
69,873
4,560,611
Otis Worldwide Corp.
 
71,389
6,493,543
PACCAR, Inc.
 
90,266
7,774,611
Parker Hannifin Corp.
 
22,161
9,086,232
Stanley Black & Decker, Inc.
 
26,456
2,626,287
Westinghouse Air Brake Tech Co.
 
31,067
3,679,575
Xylem, Inc.
 
41,328
4,659,732
 
 
 
112,709,483
Passenger Airlines - 0.2%
 
 
 
Delta Air Lines, Inc.
 
111,006
5,135,138
Southwest Airlines Co.
 
102,768
3,510,555
United Airlines Holdings, Inc. (b)
 
56,644
3,076,336
 
 
 
11,722,029
Professional Services - 0.7%
 
 
 
Automatic Data Processing, Inc.
 
71,359
17,644,226
Broadridge Financial Solutions, Inc.
 
20,379
3,422,042
Equifax, Inc.
 
21,183
4,323,027
Jacobs Solutions, Inc.
 
21,906
2,747,231
Leidos Holdings, Inc.
 
23,712
2,217,783
Paychex, Inc.
 
55,413
6,952,669
Paycom Software, Inc.
 
8,396
3,096,109
SS&C Technologies Holdings, Inc.
 
37,450
2,181,463
TransUnion Holding Co., Inc.
 
33,370
2,659,255
Verisk Analytics, Inc.
 
25,010
5,725,789
 
 
 
50,969,594
Trading Companies & Distributors - 0.3%
 
 
 
Fastenal Co.
 
98,631
5,780,763
Ferguson PLC
 
35,424
5,725,227
United Rentals, Inc.
 
11,871
5,516,216
W.W. Grainger, Inc.
 
7,712
5,695,235
 
 
 
22,717,441
TOTAL INDUSTRIALS
 
 
570,294,796
INFORMATION TECHNOLOGY - 28.6%
 
 
 
Communications Equipment - 0.8%
 
 
 
Arista Networks, Inc. (b)
 
43,131
6,689,187
Cisco Systems, Inc.
 
707,475
36,816,999
F5, Inc. (b)
 
10,463
1,655,665
Motorola Solutions, Inc.
 
28,968
8,303,098
 
 
 
53,464,949
Electronic Equipment, Instruments & Components - 0.6%
 
 
 
Amphenol Corp. Class A
 
102,825
9,080,476
CDW Corp.
 
23,280
4,354,990
Corning, Inc.
 
132,145
4,485,001
Keysight Technologies, Inc. (b)
 
30,768
4,956,109
TE Connectivity Ltd.
 
54,425
7,809,443
Teledyne Technologies, Inc. (b)
 
8,125
3,124,306
Trimble, Inc. (b)
 
42,822
2,303,824
Zebra Technologies Corp. Class A (b)
 
8,881
2,734,993
 
 
 
38,849,142
IT Services - 1.5%
 
 
 
Accenture PLC Class A
 
109,084
34,508,723
Akamai Technologies, Inc. (b)
 
26,297
2,485,067
Cloudflare, Inc. (b)
 
50,004
3,438,775
Cognizant Technology Solutions Corp. Class A
 
87,637
5,786,671
EPAM Systems, Inc. (b)
 
10,009
2,370,231
Gartner, Inc. (b)
 
13,650
4,826,504
GoDaddy, Inc. (b)
 
26,681
2,056,838
IBM Corp.
 
156,842
22,613,480
MongoDB, Inc. Class A (b)
 
12,097
5,121,870
Okta, Inc. (b)
 
26,822
2,061,539
Snowflake, Inc. (b)
 
49,961
8,878,569
Twilio, Inc. Class A (b)
 
30,331
2,002,756
VeriSign, Inc. (b)
 
15,637
3,298,625
 
 
 
99,449,648
Semiconductors & Semiconductor Equipment - 7.6%
 
 
 
Advanced Micro Devices, Inc. (b)
 
278,160
31,821,504
Analog Devices, Inc.
 
87,376
17,434,133
Applied Materials, Inc.
 
145,979
22,128,957
Broadcom, Inc.
 
72,017
64,718,077
Enphase Energy, Inc. (b)
 
23,670
3,593,816
Entegris, Inc.
 
25,853
2,836,333
First Solar, Inc. (b)
 
17,160
3,558,984
Intel Corp.
 
720,462
25,770,926
KLA Corp.
 
23,698
12,179,587
Lam Research Corp.
 
23,205
16,672,560
Marvell Technology, Inc.
 
148,401
9,665,357
Microchip Technology, Inc.
 
94,618
8,888,415
Micron Technology, Inc.
 
189,033
13,495,066
Monolithic Power Systems, Inc.
 
7,781
4,353,392
NVIDIA Corp.
 
427,190
199,621,615
NXP Semiconductors NV
 
44,864
10,003,775
ON Semiconductor Corp. (b)
 
74,595
8,037,611
Qorvo, Inc. (b)
 
17,286
1,901,806
Qualcomm, Inc.
 
192,421
25,432,284
Skyworks Solutions, Inc.
 
27,500
3,145,175
SolarEdge Technologies, Inc. (b)
 
9,737
2,351,096
Teradyne, Inc.
 
26,773
3,023,743
Texas Instruments, Inc.
 
156,780
28,220,400
 
 
 
518,854,612
Software - 10.5%
 
 
 
Adobe, Inc. (b)
 
79,232
43,274,141
ANSYS, Inc. (b)
 
14,967
5,120,211
Atlassian Corp. PLC (b)
 
26,232
4,772,650
Autodesk, Inc. (b)
 
36,987
7,840,874
Cadence Design Systems, Inc. (b)
 
47,099
11,021,637
Crowdstrike Holdings, Inc. (b)
 
38,708
6,257,535
Datadog, Inc. Class A (b)
 
43,495
5,076,736
DocuSign, Inc. (b)
 
35,006
1,884,023
Fair Isaac Corp. (b)
 
4,316
3,616,679
Fortinet, Inc. (b)
 
112,567
8,748,707
Gen Digital, Inc.
 
98,399
1,913,861
HubSpot, Inc. (b)
 
8,573
4,977,055
Intuit, Inc.
 
48,458
24,795,959
Microsoft Corp.
 
1,284,353
431,439,860
Oracle Corp.
 
265,815
31,161,492
Palantir Technologies, Inc. (b)
 
309,492
6,140,321
Palo Alto Networks, Inc. (a)(b)
 
52,269
13,065,159
PTC, Inc. (b)
 
18,398
2,682,612
Roper Technologies, Inc.
 
18,411
9,077,544
Salesforce, Inc. (b)
 
169,107
38,050,766
ServiceNow, Inc. (b)
 
35,191
20,516,353
Splunk, Inc. (b)
 
26,310
2,850,162
Synopsys, Inc. (b)
 
26,306
11,885,051
Tyler Technologies, Inc. (b)
 
7,240
2,871,601
VMware, Inc. Class A (b)
 
36,263
5,716,137
Workday, Inc. Class A (b)
 
35,541
8,427,837
Zoom Video Communications, Inc. Class A (b)
 
38,108
2,795,222
Zscaler, Inc. (b)
 
14,798
2,373,303
 
 
 
718,353,488
Technology Hardware, Storage & Peripherals - 7.6%
 
 
 
Apple, Inc.
 
2,553,851
501,704,025
Dell Technologies, Inc.
 
44,247
2,341,551
Hewlett Packard Enterprise Co.
 
223,793
3,889,522
HP, Inc.
 
149,707
4,914,881
NetApp, Inc.
 
36,939
2,881,611
Seagate Technology Holdings PLC
 
33,303
2,114,741
Western Digital Corp. (b)
 
55,297
2,353,440
 
 
 
520,199,771
TOTAL INFORMATION TECHNOLOGY
 
 
1,949,171,610
MATERIALS - 2.4%
 
 
 
Chemicals - 1.7%
 
 
 
Air Products & Chemicals, Inc.
 
38,367
11,714,596
Albemarle Corp.
 
20,266
4,302,066
Celanese Corp. Class A
 
17,303
2,169,623
CF Industries Holdings, Inc.
 
33,666
2,763,305
Corteva, Inc.
 
122,781
6,928,532
Dow, Inc.
 
122,162
6,898,488
DuPont de Nemours, Inc.
 
79,281
6,154,584
Eastman Chemical Co.
 
20,620
1,764,660
Ecolab, Inc.
 
42,786
7,835,828
FMC Corp.
 
21,642
2,082,610
International Flavors & Fragrances, Inc.
 
44,054
3,727,409
Linde PLC
 
84,570
33,038,962
LyondellBasell Industries NV Class A
 
43,818
4,331,847
PPG Industries, Inc.
 
40,658
5,850,686
Sherwin-Williams Co.
 
40,534
11,207,651
The Mosaic Co.
 
57,403
2,339,746
 
 
 
113,110,593
Construction Materials - 0.1%
 
 
 
Martin Marietta Materials, Inc.
 
10,704
4,778,908
Vulcan Materials Co.
 
22,983
5,067,752
 
 
 
9,846,660
Containers & Packaging - 0.2%
 
 
 
Amcor PLC
 
254,197
2,608,061
Avery Dennison Corp.
 
13,941
2,565,283
Ball Corp.
 
54,326
3,188,393
International Paper Co.
 
60,010
2,163,961
Packaging Corp. of America
 
15,543
2,383,519
 
 
 
12,909,217
Metals & Mining - 0.4%
 
 
 
Freeport-McMoRan, Inc.
 
247,572
11,054,090
Newmont Corp.
 
137,269
5,891,585
Nucor Corp.
 
43,394
7,467,673
Reliance Steel & Aluminum Co.
 
10,155
2,973,993
Steel Dynamics, Inc.
 
27,737
2,956,209
 
 
 
30,343,550
TOTAL MATERIALS
 
 
166,210,020
REAL ESTATE - 2.4%
 
 
 
Equity Real Estate Investment Trusts (REITs) - 2.2%
 
 
 
Alexandria Real Estate Equities, Inc.
 
27,190
3,417,239
American Tower Corp.
 
80,498
15,319,574
AvalonBay Communities, Inc.
 
24,523
4,626,264
Crown Castle International Corp.
 
74,903
8,111,246
Digital Realty Trust, Inc.
 
50,322
6,271,128
Equinix, Inc.
 
16,154
13,083,448
Equity Residential (SBI)
 
58,889
3,883,141
Essex Property Trust, Inc.
 
11,092
2,701,457
Extra Space Storage, Inc.
 
23,321
3,254,912
Gaming & Leisure Properties
 
45,407
2,155,016
Healthpeak Properties, Inc.
 
94,649
2,066,188
Host Hotels & Resorts, Inc.
 
122,824
2,259,962
Invitation Homes, Inc.
 
100,394
3,563,987
Iron Mountain, Inc.
 
50,365
3,092,411
Mid-America Apartment Communities, Inc.
 
20,143
3,014,601
Prologis (REIT), Inc.
 
159,511
19,898,997
Public Storage
 
27,331
7,700,509
Realty Income Corp.
 
116,271
7,089,043
SBA Communications Corp. Class A
 
18,710
4,096,555
Simon Property Group, Inc.
 
56,477
7,037,034
Sun Communities, Inc.
 
21,485
2,799,496
UDR, Inc.
 
53,489
2,186,630
Ventas, Inc.
 
69,154
3,355,352
VICI Properties, Inc.
 
173,442
5,459,954
Welltower, Inc.
 
85,847
7,052,331
Weyerhaeuser Co.
 
126,483
4,308,011
WP Carey, Inc.
 
36,946
2,494,963
 
 
 
150,299,449
Real Estate Management & Development - 0.2%
 
 
 
CBRE Group, Inc. (b)
 
53,685
4,472,497
CoStar Group, Inc. (b)
 
70,565
5,925,343
 
 
 
10,397,840
TOTAL REAL ESTATE
 
 
160,697,289
UTILITIES - 2.4%
 
 
 
Electric Utilities - 1.6%
 
 
 
Alliant Energy Corp.
 
43,429
2,333,874
American Electric Power Co., Inc.
 
88,914
7,534,572
Constellation Energy Corp.
 
56,037
5,415,976
Duke Energy Corp.
 
133,117
12,462,414
Edison International
 
66,151
4,760,226
Entergy Corp.
 
36,514
3,749,988
Evergy, Inc.
 
39,688
2,380,089
Eversource Energy
 
60,245
4,357,521
Exelon Corp.
 
171,789
7,191,088
FirstEnergy Corp.
 
93,996
3,702,502
NextEra Energy, Inc.
 
349,510
25,619,083
PG&E Corp. (b)
 
279,241
4,917,434
PPL Corp.
 
127,289
3,504,266
Southern Co.
 
188,351
13,625,311
Xcel Energy, Inc.
 
95,057
5,962,926
 
 
 
107,517,270
Gas Utilities - 0.0%
 
 
 
Atmos Energy Corp.
 
24,956
3,037,395
Independent Power and Renewable Electricity Producers - 0.0%
 
 
 
The AES Corp.
 
115,653
2,501,574
Multi-Utilities - 0.7%
 
 
 
Ameren Corp.
 
45,354
3,885,477
CenterPoint Energy, Inc.
 
108,984
3,279,329
CMS Energy Corp.
 
50,413
3,078,722
Consolidated Edison, Inc.
 
59,860
5,678,320
Dominion Energy, Inc.
 
144,383
7,731,710
DTE Energy Co.
 
35,597
4,068,737
Public Service Enterprise Group, Inc.
 
86,194
5,440,565
Sempra Energy
 
54,354
8,099,833
WEC Energy Group, Inc.
 
54,483
4,895,842
 
 
 
46,158,535
Water Utilities - 0.1%
 
 
 
American Water Works Co., Inc.
 
33,621
4,956,744
TOTAL UTILITIES
 
 
164,171,518
 
TOTAL COMMON STOCKS
 (Cost $5,311,818,403)
 
 
 
6,785,050,603
 
 
 
 
U.S. Treasury Obligations - 0.0%
 
 
Principal
Amount (c)
 
Value ($)
 
U.S. Treasury Bills, yield at date of purchase 5.18% 9/7/23 (d)
 
 (Cost $795,782)
 
 
800,000
795,672
 
 
 
 
Money Market Funds - 0.7%
 
 
Shares
Value ($)
 
Fidelity Cash Central Fund 5.32% (e)
 
34,946,520
34,953,510
Fidelity Securities Lending Cash Central Fund 5.32% (e)(f)
 
11,042,541
11,043,645
 
TOTAL MONEY MARKET FUNDS
 (Cost $45,997,155)
 
 
45,997,155
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 100.4%
 (Cost $5,358,611,340)
 
 
 
6,831,843,430
NET OTHER ASSETS (LIABILITIES) - (0.4)%  
(26,403,627)
NET ASSETS - 100.0%
6,805,439,803
 
 
 
Futures Contracts 
 
Number
of contracts
Expiration
Date
Notional
Amount ($)
 
Value ($)
 
Unrealized
Appreciation/
(Depreciation) ($)
 
Purchased
 
 
 
 
 
 
 
 
 
 
 
Equity Index Contracts
 
 
 
 
 
CME E-mini S&P 500 Index Contracts (United States)
88
Sep 2023
20,303,800
886,353
886,353
 
 
 
 
 
 
The notional amount of futures purchased as a percentage of Net Assets is 0.3%
 
Legend
 
(a)
Security or a portion of the security is on loan at period end.
 
(b)
Non-income producing
 
(c)
Amount is stated in United States dollars unless otherwise noted.
 
(d)
Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $795,672.
 
(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
 
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%
13,176,399
434,381,239
412,604,128
564,785
-
-
34,953,510
0.1%
Fidelity Securities Lending Cash Central Fund 5.32%
15,566,668
166,177,211
170,700,234
62,802
-
-
11,043,645
0.0%
Total
28,743,067
600,558,450
583,304,362
627,587
-
-
45,997,155
 
 
 
 
 
 
 
 
 
 
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.
 
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. U.S. Treasury Obligations 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.
 
Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 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.
 
Derivative Instruments
Risk Exposures and the Use of Derivative Instruments: The Fund's investment objectives allow the Fund to enter into various types of derivative contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.
 
The Fund used derivatives to increase returns, to gain exposure to certain types of assets and/or to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Fund may not achieve its objectives.  
 
The Fund's use of derivatives increased or decreased its exposure to the following risk(s):
 
Equity Risk - Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment.
 
Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.  
 
Futures Contracts: A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a specified price at a specified future date.
 
The Fund used futures contracts to manage its exposure to the stock market.
 
Open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The underlying face amount at value reflects each contract's exposure to the underlying instrument or index at period end. Any securities and/or cash deposited to meet initial margin requirements are identified in the Schedule of Investments.
 
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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