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2138008J191VLSGY5A09 UCB SA N/A 82100.00000000 NS 7745733.51000000 0.221915715850 Long EC CORP BE N 1 N N N COMPAGNIE FINANCIERE RICHEMONT AG SWITZ 549300YIPGJ6UX2QPS51 CIE FINANCIERE RICHEMONT SA A N/A 10300.00000000 NS 1529906.24000000 0.043831902814 Long EC CORP CH N 2 N N N UNITED PARCEL SERVICE INC D01LMJZU09ULLNCY6Z23 UNITED PARCEL SERVICE INC CL B 911312106 228087.00000000 NS USD 32365545.30000000 0.927274756468 Long EC CORP US N 1 N N N GENPACT LTD 529900OSEC6Q0L4L5B35 GENPACT LTD N/A 108286.00000000 NS USD 3887467.40000000 0.111376167254 Long EC CORP BM N 1 N N N GSK PLC 5493000HZTVUYLO1D793 GSK PLC SPONS ADR 37733W204 584701.00000000 NS USD 23060607.44000000 0.660687745246 Long EC CORP GB N 1 N N N BECTON DICKINSON and CO ICE2EP6D98PQUILVRZ91 BECTON DICKINSON and CO 075887109 31284.00000000 NS USD 7470932.04000000 0.214042637742 Long EC CORP US N 1 N N N ALNYLAM PHARMACEUTICALS INC 529900S3ZI14OWRJII50 ALNYLAM PHARMACEUTICALS INC 02043Q107 33046.00000000 NS USD 5713983.86000000 0.163705970133 Long EC CORP US N 1 N N N 3I GROUP PLC 35GDVHRBMFE7NWATNM84 3I GROUP PLC N/A 23200.00000000 NS 726274.82000000 0.020807815861 Long EC CORP GB N 2 N N N TWILIO INC 5493004W8TRGD63APX93 TWILIO INC CLASS A 90138F102 66013.00000000 NS USD 4642694.29000000 0.133013461605 Long EC CORP US N 1 N N N IBM CORPORATION VGRQXHF3J8VDLUA7XE92 INTL BUS MACH CORP 459200101 35095.00000000 NS USD 6445547.70000000 0.184665316725 Long EC CORP US N 1 N N N MORGAN STANLEY IGJSJL3JD5P30I6NJZ34 MORGAN STANLEY 617446448 108562.00000000 NS USD 9470948.88000000 0.271343236606 Long EC CORP US N 1 N N N GLOBAL PAYMENTS INC 549300NOMHGVQBX6S778 GLOBAL PAYMENTS INC 37940X102 24750.00000000 NS USD 3297442.50000000 0.094471919530 Long EC CORP US N 1 N N N FEDEX CORP 549300E707U7WNPZN687 FEDEX CORP 31428X106 60076.00000000 NS USD 14495738.04000000 0.415303738474 Long EC CORP US N 1 N N N TRUIST FINANCIAL CORP 549300DRQQI75D2JP341 TRUIST FINL CORP 89832Q109 283486.00000000 NS USD 10505991.16000000 0.300997258165 Long EC CORP US N 1 N N N CVS HEALTH CORP 549300EJG376EN5NQE29 CVS HEALTH CORP 126650100 196107.00000000 NS USD 14584477.59000000 0.417846131746 Long EC CORP US N 1 N N N PTC INC 54930050SSMU8SKDJ030 PTC INC 69370C100 27510.00000000 NS USD 4969681.50000000 0.142381664202 Long EC CORP US N 1 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Securities Lending Cash Central Fund 31635A303 49483175.92500000 NS USD 49488124.24000000 1.417837639606 Long STIV RF US N 1 N N SAP SE 529900D6BF99LW9R2E68 SAP SE SPON ADR 803054204 196878.00000000 NS USD 34079581.80000000 0.976382001947 Long EC CORP DE N 1 N N APPLIED MATERIALS INC 41BNNE1AFPNAZELZ6K07 APPLIED MATERIALS INC 038222105 66946.00000000 NS USD 10999227.80000000 0.315128516607 Long EC CORP US N 1 N N N NVIDIA CORP 549300S4KLFTLO7GSQ80 NVIDIA CORP 67066G104 104784.00000000 NS USD 64470451.68000000 1.847082192709 Long EC CORP US N 1 N N N JPMORGAN CHASE and CO 8I5DZWZKVSZI1NUHU748 JPMORGAN CHASE and CO 46625H100 226958.00000000 NS USD 39572396.88000000 1.133751473662 Long EC CORP US N 1 N N N CENTENE CORP DEL 549300Z7JJ4TQSQGT333 CENTENE CORP 15135B101 25216.00000000 NS USD 1899016.96000000 0.054406946423 Long EC CORP US N 1 N N N MASTERCARD INC AR5L2ODV9HN37376R084 MASTERCARD INC CL A 57636Q104 29713.00000000 NS USD 13347970.99000000 0.382420145694 Long EC CORP US N 1 N N N WELLS FARGO and CO PBLD0EJDB5FWOLXP3B76 WELLS FARGO and CO 949746101 3969298.00000000 NS USD 199179373.64000000 5.706500646708 Long EC CORP US N 1 N N N UNIVERSAL MUSIC GROUP NV 724500GJBUL3D9TW9Y18 UNIVERSAL MUSIC GROUP NV N/A 610763.00000000 NS 18003908.44000000 0.515813024604 Long EC CORP NL N 2 N N N DUPONT DE NEMOURS INC 5493004JF0SDFLM8GD76 DUPONT DE NEMOURS INC 26614N102 152343.00000000 NS USD 9414797.40000000 0.269734493436 Long EC CORP US N 1 N N N SYSCO CORP 5RGWIFLMGH3YS7KWI652 SYSCO CORP 871829107 234192.00000000 NS USD 18953158.56000000 0.543009095787 Long EC CORP US N 1 N N N CARDINAL HEALTH INC CCU46N3GJMF4OK4N7U60 CARDINAL HEALTH INC 14149Y108 198168.00000000 NS USD 21637963.92000000 0.619928925603 Long EC CORP US N 1 N N N BANK OF AMERICA CORPORATION 9DJT3UXIJIZJI4WXO774 BANK OF AMERICA CORPORATION 060505104 2704595.00000000 NS USD 91983275.95000000 2.635326209247 Long EC CORP US N 1 N N N WORKDAY INC 549300J0DYC0N31V7G13 WORKDAY INC CL A 98138H101 9271.00000000 NS USD 2698509.97000000 0.077312467689 Long EC CORP US N 1 N N N INSMED INC 529900Q55QAG41CCAC11 INSMED INC 457669307 135222.00000000 NS USD 3759171.60000000 0.107700485117 Long EC CORP US N 1 N N N HUMANA INC 529900YLDW34GJAO4J06 HUMANA INC 444859102 27865.00000000 NS USD 10534641.90000000 0.301818103534 Long EC CORP US N 1 N N N UNITEDHEALTH GROUP INC 549300GHBMY8T5GXDE41 UNITEDHEALTH GROUP INC 91324P102 126133.00000000 NS USD 64547301.42000000 1.849283942233 Long EC CORP US N 1 N N N SIMON PROPERTY GROUP INC 529900GQL5X8H7AO3T64 SIMON PPTY GROUP INC - REIT 828806109 106709.00000000 NS USD 14790934.49000000 0.423761133947 Long EC CORP US N 1 N N N KOSMOS ENERGY LTD 213800YDFJ3OT9B5P157 KOSMOS ENERGY LTD 500688106 2474718.00000000 NS USD 14996791.08000000 0.429658937231 Long EC CORP US N 1 N N N ALTRIA GROUP INC XSGZFLO9YTNO9VCQV219 ALTRIA GROUP INC 02209S103 472361.00000000 NS USD 18951123.32000000 0.542950786043 Long EC CORP US N 1 N N N KENVUE INC 5493008HSF8L4M2LIJ82 KENVUE INC 49177J102 1088116.00000000 NS USD 22589288.16000000 0.647184420444 Long EC CORP US N 1 N N N AMERICAN TOWER CORP 5493006ORUSIL88JOE18 AMERICAN TOWER CORP 03027X100 41847.00000000 NS USD 8187365.55000000 0.234568499499 Long EC CORP US N 1 N N N MOHAWK INDUSTRIES INC 549300JI1115MG3Q6322 MOHAWK INDUSTRIES INC 608190104 63528.00000000 NS USD 6622794.00000000 0.189743433536 Long EC CORP US N 1 N N N US FOODS HOLDING CORP 549300UGOZSO64CFPR97 US FOODS HOLDING CORP 912008109 132465.00000000 NS USD 6094714.65000000 0.174613929425 Long EC CORP US N 1 N N N JOHNSON and JOHNSON 549300G0CFPGEF6X2043 JOHNSON and JOHNSON 478160104 147780.00000000 NS USD 23482242.00000000 0.672767599929 Long EC CORP US N 1 N N N BORGWARNER INC 549300DSFX2IE88NSX47 BORGWARNER INC 099724106 133018.00000000 NS USD 4509310.20000000 0.129191999664 Long EC CORP US N 1 N N N JOHNSON CONTROLS INTERNATIONAL PLC 549300XQ6S1GYKGBL205 JOHNSON CONTROLS INTERNATIONAL PLC N/A 42160.00000000 NS USD 2221410.40000000 0.063643537242 Long EC CORP IE N 1 N N N MOODYS CORP 549300GCEDD8YCF5WU84 MOODYS CORP 615369105 3700.00000000 NS USD 1450548.00000000 0.041558284619 Long EC CORP US N 1 N N N MATCH GROUP INC 15OMOPB0A8K0EFUVD031 MATCH GROUP INC 57667L107 261640.00000000 NS USD 10041743.20000000 0.287696527093 Long EC CORP US N 1 N N N ALPHABET INC 5493006MHB84DD0ZWV18 ALPHABET INC CL A 02079K305 451580.00000000 NS USD 63266358.00000000 1.812584838701 Long EC CORP US N 1 N N N PNC FINANCIAL SERVICES GRP INC CFGNEKW0P8842LEUIA51 PNC FINANCIAL SERVICES GRP INC 693475105 238705.00000000 NS USD 36094583.05000000 1.034111905029 Long EC CORP US N 1 N N N WALT DISNEY CO 549300GZKULIZ0WOW665 DISNEY (WALT) CO 254687106 159929.00000000 NS USD 15361180.45000000 0.440098713888 Long EC CORP US N 1 N N N 2024-03-01 Stacie M. Smith Stacie M. Smith Stacie M. Smith President and Treasurer XXXX NPORT-EX 2 QTLY_338_20240131.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Large Cap Stock Fund
January 31, 2024
LCS-NPRT3-0324
1.813034.119
Common Stocks - 95.4%
 
 
Shares
Value ($)
(000s)
 
COMMUNICATION SERVICES - 10.1%
 
 
 
Diversified Telecommunication Services - 0.3%
 
 
 
Cellnex Telecom SA (a)
 
123,252
4,742
Verizon Communications, Inc.
 
143,674
6,085
 
 
 
10,827
Entertainment - 0.9%
 
 
 
The Walt Disney Co.
 
159,929
15,361
Universal Music Group NV
 
598,963
17,656
 
 
 
33,017
Interactive Media & Services - 6.5%
 
 
 
Alphabet, Inc.:
 
 
 
 Class A (b)
 
454,080
63,617
 Class C (b)
 
414,441
58,768
Match Group, Inc. (b)
 
261,640
10,042
Meta Platforms, Inc. Class A
 
206,579
80,595
Snap, Inc. Class A (b)
 
822,128
13,064
 
 
 
226,086
Media - 2.4%
 
 
 
Charter Communications, Inc. Class A (b)
 
5,699
2,113
Comcast Corp. Class A
 
1,459,090
67,906
Interpublic Group of Companies, Inc.
 
381,584
12,588
 
 
 
82,607
TOTAL COMMUNICATION SERVICES
 
 
352,537
CONSUMER DISCRETIONARY - 3.8%
 
 
 
Automobile Components - 0.1%
 
 
 
BorgWarner, Inc.
 
133,018
4,509
Automobiles - 0.2%
 
 
 
General Motors Co.
 
64,694
2,510
Rivian Automotive, Inc. (b)
 
183,800
2,814
 
 
 
5,324
Broadline Retail - 0.1%
 
 
 
Amazon.com, Inc. (b)
 
29,344
4,554
Hotels, Restaurants & Leisure - 2.0%
 
 
 
Amadeus IT Holding SA Class A
 
83,033
5,838
Booking Holdings, Inc. (b)
 
11,401
39,989
Expedia, Inc. (b)
 
52,940
7,853
Marriott International, Inc. Class A
 
48,528
11,634
Starbucks Corp.
 
50,383
4,687
 
 
 
70,001
Household Durables - 0.3%
 
 
 
Mohawk Industries, Inc. (b)
 
63,528
6,623
Sony Group Corp. sponsored ADR
 
36,463
3,564
Whirlpool Corp.
 
12,974
1,421
 
 
 
11,608
Specialty Retail - 1.0%
 
 
 
JD Sports Fashion PLC
 
1,435,900
2,130
Lowe's Companies, Inc.
 
132,110
28,118
RH (b)
 
9,700
2,459
 
 
 
32,707
Textiles, Apparel & Luxury Goods - 0.1%
 
 
 
Compagnie Financiere Richemont SA Series A
 
10,300
1,530
NIKE, Inc. Class B
 
25,790
2,618
 
 
 
4,148
TOTAL CONSUMER DISCRETIONARY
 
 
132,851
CONSUMER STAPLES - 5.2%
 
 
 
Beverages - 1.5%
 
 
 
Diageo PLC sponsored ADR (c)
 
82,659
11,930
Keurig Dr. Pepper, Inc.
 
405,499
12,749
The Coca-Cola Co.
 
450,858
26,822
 
 
 
51,501
Consumer Staples Distribution & Retail - 1.6%
 
 
 
Performance Food Group Co. (b)
 
106,714
7,756
Sysco Corp.
 
234,192
18,953
Target Corp.
 
77,992
10,847
U.S. Foods Holding Corp. (b)
 
132,465
6,095
Walmart, Inc.
 
80,957
13,378
 
 
 
57,029
Household Products - 0.0%
 
 
 
Procter & Gamble Co.
 
1,799
283
Personal Care Products - 1.5%
 
 
 
Estee Lauder Companies, Inc. Class A
 
62,800
8,289
Haleon PLC ADR (c)
 
2,439,637
20,005
Kenvue, Inc.
 
1,088,116
22,589
 
 
 
50,883
Tobacco - 0.6%
 
 
 
Altria Group, Inc.
 
472,361
18,951
Philip Morris International, Inc.
 
29,900
2,716
 
 
 
21,667
TOTAL CONSUMER STAPLES
 
 
181,363
ENERGY - 9.6%
 
 
 
Energy Equipment & Services - 0.1%
 
 
 
Tidewater, Inc. (b)
 
49,600
3,333
Oil, Gas & Consumable Fuels - 9.5%
 
 
 
Exxon Mobil Corp.
 
1,994,878
205,093
Hess Corp.
 
288,455
40,537
Imperial Oil Ltd.
 
519,188
29,948
Kosmos Energy Ltd. (b)
 
2,474,718
14,997
MEG Energy Corp. (b)
 
588,100
11,119
Pioneer Natural Resources Co.
 
34,600
7,952
Shell PLC ADR
 
343,100
21,584
 
 
 
331,230
TOTAL ENERGY
 
 
334,563
FINANCIALS - 17.1%
 
 
 
Banks - 11.8%
 
 
 
Bank of America Corp.
 
2,704,595
91,983
JPMorgan Chase & Co.
 
226,958
39,572
M&T Bank Corp.
 
76,284
10,535
PNC Financial Services Group, Inc.
 
238,705
36,095
Truist Financial Corp.
 
273,986
10,154
U.S. Bancorp
 
640,694
26,614
Wells Fargo & Co.
 
3,969,298
199,179
 
 
 
414,132
Capital Markets - 2.0%
 
 
 
3i Group PLC
 
23,200
726
Charles Schwab Corp.
 
33,598
2,114
CME Group, Inc.
 
3,999
823
KKR & Co. LP
 
290,678
25,167
Moody's Corp.
 
3,700
1,451
Morgan Stanley
 
108,562
9,471
Northern Trust Corp.
 
307,378
24,480
Raymond James Financial, Inc.
 
39,933
4,400
State Street Corp.
 
14,055
1,038
 
 
 
69,670
Financial Services - 3.0%
 
 
 
Acacia Research Corp. (b)(d)
 
24,000
94
Edenred SA
 
186,191
11,151
Fidelity National Information Services, Inc.
 
122,999
7,658
Global Payments, Inc.
 
24,750
3,297
MasterCard, Inc. Class A
 
29,713
13,348
PayPal Holdings, Inc. (b)
 
80,644
4,948
Visa, Inc. Class A
 
240,648
65,759
 
 
 
106,255
Insurance - 0.3%
 
 
 
Arthur J. Gallagher & Co.
 
7,400
1,718
Chubb Ltd.
 
30,106
7,376
 
 
 
9,094
TOTAL FINANCIALS
 
 
599,151
HEALTH CARE - 11.8%
 
 
 
Biotechnology - 0.5%
 
 
 
Alnylam Pharmaceuticals, Inc. (b)
 
33,046
5,714
Argenx SE ADR (b)
 
5,390
2,051
Insmed, Inc. (b)
 
135,222
3,759
Vaxcyte, Inc. (b)
 
93,485
6,677
Verve Therapeutics, Inc. (b)(c)
 
48,505
525
 
 
 
18,726
Health Care Equipment & Supplies - 1.8%
 
 
 
Abbott Laboratories
 
19,765
2,236
Becton, Dickinson & Co.
 
31,284
7,471
Boston Scientific Corp. (b)
 
817,429
51,711
Koninklijke Philips Electronics NV (depository receipt) (NY Reg.)
 
145,946
3,084
 
 
 
64,502
Health Care Providers & Services - 5.5%
 
 
 
Cardinal Health, Inc.
 
198,168
21,638
Centene Corp. (b)
 
25,216
1,899
Cigna Group
 
141,469
42,575
CVS Health Corp.
 
196,107
14,584
Guardant Health, Inc. (b)
 
63,633
1,395
Humana, Inc.
 
27,865
10,535
McKesson Corp.
 
70,643
35,314
UnitedHealth Group, Inc.
 
126,133
64,547
 
 
 
192,487
Life Sciences Tools & Services - 0.5%
 
 
 
Danaher Corp.
 
58,734
14,091
Thermo Fisher Scientific, Inc.
 
2,800
1,509
 
 
 
15,600
Pharmaceuticals - 3.5%
 
 
 
Bristol-Myers Squibb Co.
 
759,906
37,137
Eli Lilly & Co.
 
43,997
28,405
GSK PLC sponsored ADR
 
584,701
23,061
Johnson & Johnson
 
147,780
23,482
Sanofi SA sponsored ADR
 
34,498
1,721
UCB SA
 
82,100
7,746
 
 
 
121,552
TOTAL HEALTH CARE
 
 
412,867
INDUSTRIALS - 14.7%
 
 
 
Aerospace & Defense - 3.7%
 
 
 
Airbus Group NV
 
129,887
20,689
General Dynamics Corp.
 
38,892
10,306
Huntington Ingalls Industries, Inc.
 
27,622
7,152
Safran SA
 
25,027
4,673
Textron, Inc.
 
33,396
2,829
The Boeing Co. (b)
 
402,533
84,951
 
 
 
130,600
Air Freight & Logistics - 1.4%
 
 
 
FedEx Corp.
 
60,076
14,496
United Parcel Service, Inc. Class B
 
230,587
32,720
 
 
 
47,216
Building Products - 0.1%
 
 
 
Johnson Controls International PLC
 
42,160
2,221
Commercial Services & Supplies - 0.1%
 
 
 
ACV Auctions, Inc. Class A (b)
 
240,349
3,117
Veralto Corp.
 
21,144
1,622
 
 
 
4,739
Electrical Equipment - 1.6%
 
 
 
Acuity Brands, Inc.
 
43,758
10,421
Hubbell, Inc. Class B
 
33,645
11,290
Regal Rexnord Corp.
 
60,275
8,044
Vertiv Holdings Co.
 
431,745
24,320
 
 
 
54,075
Ground Transportation - 0.4%
 
 
 
Knight-Swift Transportation Holdings, Inc. Class A
 
230,419
13,221
Industrial Conglomerates - 6.2%
 
 
 
3M Co.
 
25,955
2,449
General Electric Co.
 
1,626,371
215,364
 
 
 
217,813
Machinery - 0.8%
 
 
 
Chart Industries, Inc. (b)(c)
 
33,595
3,921
Cummins, Inc.
 
20,243
4,844
Fortive Corp.
 
87,720
6,858
Nordson Corp.
 
5,500
1,384
Otis Worldwide Corp.
 
56,260
4,976
Stanley Black & Decker, Inc.
 
30,817
2,875
Westinghouse Air Brake Tech Co.
 
24,572
3,233
 
 
 
28,091
Passenger Airlines - 0.1%
 
 
 
Copa Holdings SA Class A
 
9,271
891
Ryanair Holdings PLC sponsored ADR (b)
 
27,911
3,729
 
 
 
4,620
Professional Services - 0.2%
 
 
 
Equifax, Inc.
 
12,265
2,997
Genpact Ltd.
 
108,286
3,887
Paycom Software, Inc.
 
8,600
1,636
 
 
 
8,520
Trading Companies & Distributors - 0.1%
 
 
 
Beijer Ref AB (B Shares) (c)
 
133,602
1,833
TOTAL INDUSTRIALS
 
 
512,949
INFORMATION TECHNOLOGY - 19.2%
 
 
 
IT Services - 0.4%
 
 
 
EPAM Systems, Inc. (b)
 
8,700
2,420
IBM Corp.
 
35,095
6,446
Snowflake, Inc. (b)
 
1,894
371
Twilio, Inc. Class A (b)
 
66,013
4,643
 
 
 
13,880
Semiconductors & Semiconductor Equipment - 4.5%
 
 
 
Analog Devices, Inc.
 
36,285
6,980
Applied Materials, Inc.
 
66,946
10,999
Broadcom, Inc.
 
11,200
13,216
Lam Research Corp.
 
12,266
10,122
Marvell Technology, Inc.
 
381,128
25,802
NVIDIA Corp.
 
104,784
64,470
Qualcomm, Inc.
 
69,124
10,266
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR
 
105,784
11,949
Teradyne, Inc.
 
22,000
2,125
 
 
 
155,929
Software - 11.4%
 
 
 
Adobe, Inc. (b)
 
54,647
33,760
Autodesk, Inc. (b)
 
36,420
9,244
DoubleVerify Holdings, Inc. (b)
 
46,951
1,879
Elastic NV (b)
 
81,118
9,496
Intuit, Inc.
 
18,296
11,551
Microsoft Corp.
 
670,693
266,652
Oracle Corp.
 
160,000
17,872
PTC, Inc. (b)
 
27,510
4,970
Sage Group PLC
 
248,100
3,704
Salesforce, Inc. (b)
 
13,466
3,785
SAP SE sponsored ADR (c)
 
196,878
34,080
Workday, Inc. Class A (b)
 
9,271
2,699
 
 
 
399,692
Technology Hardware, Storage & Peripherals - 2.9%
 
 
 
Apple, Inc.
 
527,718
97,311
Samsung Electronics Co. Ltd.
 
65,110
3,538
 
 
 
100,849
TOTAL INFORMATION TECHNOLOGY
 
 
670,350
MATERIALS - 1.9%
 
 
 
Chemicals - 0.3%
 
 
 
Air Products & Chemicals, Inc.
 
2,500
639
DuPont de Nemours, Inc.
 
152,343
9,415
Sherwin-Williams Co.
 
5,799
1,765
 
 
 
11,819
Metals & Mining - 1.6%
 
 
 
First Quantum Minerals Ltd.
 
2,060,366
18,696
Freeport-McMoRan, Inc.
 
699,435
27,761
Ivanhoe Mines Ltd. (b)
 
831,800
8,730
 
 
 
55,187
TOTAL MATERIALS
 
 
67,006
REAL ESTATE - 1.0%
 
 
 
Equity Real Estate Investment Trusts (REITs) - 1.0%
 
 
 
American Tower Corp.
 
41,847
8,187
Crown Castle, Inc.
 
120,593
13,054
Equinix, Inc.
 
1,121
930
Simon Property Group, Inc.
 
106,709
14,791
 
 
 
36,962
UTILITIES - 1.0%
 
 
 
Electric Utilities - 1.0%
 
 
 
Duke Energy Corp.
 
7,000
671
Entergy Corp.
 
26,415
2,635
PG&E Corp.
 
147,871
2,495
Southern Co.
 
397,386
27,626
 
 
 
33,427
Multi-Utilities - 0.0%
 
 
 
Sempra
 
14,482
1,036
TOTAL UTILITIES
 
 
34,463
 
TOTAL COMMON STOCKS
 (Cost $2,068,398)
 
 
 
3,335,062
 
 
 
 
Preferred Stocks - 0.2%
 
 
Shares
Value ($)
(000s)
 
Convertible Preferred Stocks - 0.0%
 
 
 
COMMUNICATION SERVICES - 0.0%
 
 
 
Interactive Media & Services - 0.0%
 
 
 
Reddit, Inc. Series E (b)(d)(e)
 
3,600
117
 
 
 
 
Nonconvertible Preferred Stocks - 0.2%
 
 
 
INDUSTRIALS - 0.2%
 
 
 
Aerospace & Defense - 0.2%
 
 
 
Embraer SA sponsored ADR (b)
 
320,890
5,908
 
 
 
 
 
TOTAL PREFERRED STOCKS
 (Cost $3,881)
 
 
 
6,025
 
 
 
 
Money Market Funds - 5.6%
 
 
Shares
Value ($)
(000s)
 
Fidelity Cash Central Fund 5.39% (f)
 
145,818,186
145,847
Fidelity Securities Lending Cash Central Fund 5.39% (f)(g)
 
49,145,960
49,151
 
TOTAL MONEY MARKET FUNDS
 (Cost $194,998)
 
 
194,998
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 101.2%
 (Cost $2,267,277)
 
 
 
3,536,085
NET OTHER ASSETS (LIABILITIES) - (1.2)%  
(42,565)
NET ASSETS - 100.0%
3,493,520
 
 
 
Any values shown as $0 in the Schedule of Investments may reflect amounts less than $500.
 
Legend
 
(a)
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 $4,742,000 or 0.1% of net assets.
 
(b)
Non-income producing
 
(c)
Security or a portion of the security is on loan at period end.
 
(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 $211,000 or 0.0% of net assets.
 
(e)
Level 3 security
 
(f)
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.
 
(g)
Investment made with cash collateral received from securities on loan.
 
 
 
Additional information on each restricted holding is as follows:
Security
Acquisition Date
Acquisition Cost ($)
(000s)
Acacia Research Corp.
2/16/12
882
 
 
 
Reddit, Inc. Series E
5/18/21
153
 
 
 
 
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 (Amounts in thousands)
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%
126,781
206,059
186,993
4,619
-
-
145,847
0.3%
Fidelity Securities Lending Cash Central Fund 5.39%
21,437
254,081
226,367
214
-
-
49,151
0.2%
Total
148,218
460,140
413,360
4,833
-
-
194,998
 
 
 
 
 
 
 
 
 
 
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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