NPORT-EX 2 QTLY_2954_20240131.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Large Cap Stock K6 Fund
January 31, 2024
LCSK6-NPRT3-0324
1.9883969.106
Common Stocks - 92.8%
 
 
Shares
Value ($)
 
COMMUNICATION SERVICES - 9.8%
 
 
 
Diversified Telecommunication Services - 0.3%
 
 
 
Cellnex Telecom SA (a)
 
1,301
50,059
Verizon Communications, Inc.
 
1,605
67,972
 
 
 
118,031
Entertainment - 0.8%
 
 
 
The Walt Disney Co.
 
1,844
177,116
Universal Music Group NV
 
6,450
190,131
 
 
 
367,247
Interactive Media & Services - 6.5%
 
 
 
Alphabet, Inc.:
 
 
 
 Class A (b)
 
5,708
799,691
 Class C (b)
 
5,119
725,874
Match Group, Inc. (b)
 
4,475
171,751
Meta Platforms, Inc. Class A
 
2,565
1,000,709
Snap, Inc. Class A (b)
 
11,210
178,127
 
 
 
2,876,152
Media - 2.2%
 
 
 
Charter Communications, Inc. Class A (b)
 
61
22,613
Comcast Corp. Class A
 
16,926
787,736
Interpublic Group of Companies, Inc.
 
4,319
142,484
 
 
 
952,833
TOTAL COMMUNICATION SERVICES
 
 
4,314,263
CONSUMER DISCRETIONARY - 3.6%
 
 
 
Automobile Components - 0.1%
 
 
 
BorgWarner, Inc.
 
1,629
55,223
Automobiles - 0.1%
 
 
 
General Motors Co.
 
683
26,500
Rivian Automotive, Inc. (b)
 
2,400
36,744
 
 
 
63,244
Broadline Retail - 0.2%
 
 
 
Amazon.com, Inc. (b)
 
422
65,494
Hotels, Restaurants & Leisure - 1.9%
 
 
 
Amadeus IT Holding SA Class A
 
877
61,662
Booking Holdings, Inc. (b)
 
134
470,001
Expedia, Inc. (b)
 
626
92,855
Marriott International, Inc. Class A
 
563
134,968
Starbucks Corp.
 
607
56,469
 
 
 
815,955
Household Durables - 0.3%
 
 
 
Mohawk Industries, Inc. (b)
 
671
69,952
Sony Group Corp. sponsored ADR
 
454
44,379
Whirlpool Corp.
 
169
18,509
 
 
 
132,840
Specialty Retail - 0.9%
 
 
 
JD Sports Fashion PLC
 
18,100
26,849
Lowe's Companies, Inc.
 
1,612
343,098
RH (b)
 
145
36,755
 
 
 
406,702
Textiles, Apparel & Luxury Goods - 0.1%
 
 
 
Compagnie Financiere Richemont SA Series A
 
120
17,824
NIKE, Inc. Class B
 
362
36,754
 
 
 
54,578
TOTAL CONSUMER DISCRETIONARY
 
 
1,594,036
CONSUMER STAPLES - 4.9%
 
 
 
Beverages - 1.4%
 
 
 
Diageo PLC sponsored ADR
 
1,028
148,371
Keurig Dr. Pepper, Inc.
 
4,707
147,988
The Coca-Cola Co.
 
5,574
331,597
 
 
 
627,956
Consumer Staples Distribution & Retail - 1.5%
 
 
 
Performance Food Group Co. (b)
 
1,198
87,071
Sysco Corp.
 
2,577
208,557
Target Corp.
 
949
131,987
U.S. Foods Holding Corp. (b)
 
1,439
66,208
Walmart, Inc.
 
1,033
170,703
 
 
 
664,526
Household Products - 0.0%
 
 
 
Procter & Gamble Co.
 
41
6,443
Personal Care Products - 1.4%
 
 
 
Estee Lauder Companies, Inc. Class A
 
780
102,952
Haleon PLC ADR
 
29,788
244,262
Kenvue, Inc.
 
13,491
280,073
 
 
 
627,287
Tobacco - 0.6%
 
 
 
Altria Group, Inc.
 
5,773
231,613
Philip Morris International, Inc.
 
310
28,164
 
 
 
259,777
TOTAL CONSUMER STAPLES
 
 
2,185,989
ENERGY - 9.8%
 
 
 
Energy Equipment & Services - 0.1%
 
 
 
Tidewater, Inc. (b)
 
800
53,752
Oil, Gas & Consumable Fuels - 9.7%
 
 
 
Exxon Mobil Corp.
 
24,174
2,485,329
Hess Corp.
 
3,644
512,091
Imperial Oil Ltd.
 
6,804
392,465
Kosmos Energy Ltd. (b)
 
45,136
273,524
MEG Energy Corp. (b)
 
6,500
122,898
Pioneer Natural Resources Co.
 
940
216,040
Shell PLC ADR
 
4,400
276,804
 
 
 
4,279,151
TOTAL ENERGY
 
 
4,332,903
FINANCIALS - 16.4%
 
 
 
Banks - 11.2%
 
 
 
Bank of America Corp.
 
33,929
1,153,925
JPMorgan Chase & Co.
 
2,397
417,941
M&T Bank Corp.
 
977
134,924
PNC Financial Services Group, Inc.
 
2,880
435,485
Truist Financial Corp.
 
3,553
131,674
U.S. Bancorp
 
8,017
333,026
Wells Fargo & Co.
 
47,074
2,362,173
 
 
 
4,969,148
Capital Markets - 2.0%
 
 
 
3i Group PLC
 
200
6,261
Charles Schwab Corp.
 
502
31,586
CME Group, Inc.
 
51
10,498
KKR & Co. LP
 
3,143
272,121
Moody's Corp.
 
100
39,204
Morgan Stanley
 
1,355
118,210
Northern Trust Corp.
 
4,197
334,249
Raymond James Financial, Inc.
 
505
55,641
State Street Corp.
 
141
10,416
 
 
 
878,186
Financial Services - 2.8%
 
 
 
Edenred SA
 
2,004
120,024
Fidelity National Information Services, Inc.
 
1,399
87,102
Global Payments, Inc.
 
265
35,306
MasterCard, Inc. Class A
 
348
156,332
PayPal Holdings, Inc. (b)
 
852
52,270
Visa, Inc. Class A
 
2,881
787,262
 
 
 
1,238,296
Insurance - 0.4%
 
 
 
Arthur J. Gallagher & Co.
 
95
22,055
Chubb Ltd.
 
555
135,975
 
 
 
158,030
TOTAL FINANCIALS
 
 
7,243,660
HEALTH CARE - 11.2%
 
 
 
Biotechnology - 0.5%
 
 
 
Alnylam Pharmaceuticals, Inc. (b)
 
349
60,346
Argenx SE ADR (b)
 
90
34,246
Insmed, Inc. (b)
 
1,428
39,698
Vaxcyte, Inc. (b)
 
1,471
105,059
Verve Therapeutics, Inc. (b)(c)
 
414
4,479
 
 
 
243,828
Health Care Equipment & Supplies - 1.7%
 
 
 
Abbott Laboratories
 
170
19,236
Becton, Dickinson & Co.
 
330
78,807
Boston Scientific Corp. (b)
 
9,631
609,257
Koninklijke Philips Electronics NV (depository receipt) (NY Reg.)
 
1,540
32,540
 
 
 
739,840
Health Care Providers & Services - 5.4%
 
 
 
Cardinal Health, Inc.
 
2,334
254,849
Centene Corp. (b)
 
266
20,032
Cigna Group
 
1,785
537,196
CVS Health Corp.
 
2,448
182,058
Guardant Health, Inc. (b)
 
1,042
22,851
Humana, Inc.
 
375
141,773
McKesson Corp.
 
849
424,407
UnitedHealth Group, Inc.
 
1,605
821,343
 
 
 
2,404,509
Life Sciences Tools & Services - 0.5%
 
 
 
Danaher Corp.
 
814
195,287
Thermo Fisher Scientific, Inc.
 
35
18,864
 
 
 
214,151
Pharmaceuticals - 3.1%
 
 
 
Bristol-Myers Squibb Co.
 
8,550
417,839
Eli Lilly & Co.
 
525
338,945
GSK PLC sponsored ADR
 
6,175
243,542
Johnson & Johnson
 
1,561
248,043
Sanofi SA sponsored ADR
 
310
15,469
UCB SA
 
1,000
94,345
 
 
 
1,358,183
TOTAL HEALTH CARE
 
 
4,960,511
INDUSTRIALS - 14.4%
 
 
 
Aerospace & Defense - 3.5%
 
 
 
Airbus Group NV
 
1,372
218,540
General Dynamics Corp.
 
411
108,911
Huntington Ingalls Industries, Inc.
 
268
69,391
Safran SA
 
264
49,291
Textron, Inc.
 
406
34,392
The Boeing Co. (b)
 
5,144
1,085,590
 
 
 
1,566,115
Air Freight & Logistics - 1.3%
 
 
 
FedEx Corp.
 
677
163,353
United Parcel Service, Inc. Class B
 
2,895
410,801
 
 
 
574,154
Building Products - 0.1%
 
 
 
Johnson Controls International PLC
 
489
25,765
Commercial Services & Supplies - 0.1%
 
 
 
ACV Auctions, Inc. Class A (b)
 
2,722
35,304
Veralto Corp.
 
339
25,998
 
 
 
61,302
Electrical Equipment - 1.5%
 
 
 
Acuity Brands, Inc.
 
534
127,177
Hubbell, Inc. Class B
 
360
120,805
Regal Rexnord Corp.
 
730
97,426
Vertiv Holdings Co.
 
5,535
311,787
 
 
 
657,195
Ground Transportation - 0.4%
 
 
 
Knight-Swift Transportation Holdings, Inc. Class A
 
2,739
157,164
Industrial Conglomerates - 6.4%
 
 
 
3M Co.
 
274
25,852
General Electric Co.
 
21,111
2,795,519
 
 
 
2,821,371
Machinery - 0.8%
 
 
 
Chart Industries, Inc. (b)
 
440
51,357
Cummins, Inc.
 
216
51,689
Fortive Corp.
 
1,026
80,213
Nordson Corp.
 
35
8,810
Otis Worldwide Corp.
 
594
52,533
Stanley Black & Decker, Inc.
 
394
36,760
Westinghouse Air Brake Tech Co.
 
451
59,338
 
 
 
340,700
Passenger Airlines - 0.1%
 
 
 
Copa Holdings SA Class A
 
98
9,414
Ryanair Holdings PLC sponsored ADR (b)
 
295
39,412
 
 
 
48,826
Professional Services - 0.2%
 
 
 
Equifax, Inc.
 
129
31,520
Genpact Ltd.
 
1,168
41,931
Paycom Software, Inc.
 
95
18,073
 
 
 
91,524
Trading Companies & Distributors - 0.0%
 
 
 
Beijer Ref AB (B Shares)
 
1,365
18,731
TOTAL INDUSTRIALS
 
 
6,362,847
INFORMATION TECHNOLOGY - 18.8%
 
 
 
IT Services - 0.4%
 
 
 
EPAM Systems, Inc. (b)
 
125
34,764
IBM Corp.
 
349
64,097
Snowflake, Inc. (b)
 
71
13,890
Twilio, Inc. Class A (b)
 
874
61,468
 
 
 
174,219
Semiconductors & Semiconductor Equipment - 4.3%
 
 
 
Analog Devices, Inc.
 
367
70,596
Applied Materials, Inc.
 
684
112,381
Broadcom, Inc.
 
128
151,040
Lam Research Corp.
 
133
109,748
Marvell Technology, Inc.
 
4,882
330,511
NVIDIA Corp.
 
1,324
814,617
Qualcomm, Inc.
 
937
139,154
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR
 
1,366
154,303
Teradyne, Inc.
 
350
33,807
 
 
 
1,916,157
Software - 11.4%
 
 
 
Adobe, Inc. (b)
 
643
397,233
Autodesk, Inc. (b)
 
449
113,961
DoubleVerify Holdings, Inc. (b)
 
496
19,845
Elastic NV (b)
 
1,024
119,869
Intuit, Inc.
 
201
126,897
Microsoft Corp.
 
8,777
3,489,557
Oracle Corp.
 
2,055
229,544
PTC, Inc. (b)
 
290
52,389
Sage Group PLC
 
3,300
49,265
Salesforce, Inc. (b)
 
144
40,477
SAP SE sponsored ADR
 
2,079
359,875
Workday, Inc. Class A (b)
 
98
28,525
 
 
 
5,027,437
Technology Hardware, Storage & Peripherals - 2.7%
 
 
 
Apple, Inc.
 
6,268
1,155,819
Samsung Electronics Co. Ltd.
 
687
37,330
 
 
 
1,193,149
TOTAL INFORMATION TECHNOLOGY
 
 
8,310,962
MATERIALS - 1.9%
 
 
 
Chemicals - 0.3%
 
 
 
DuPont de Nemours, Inc.
 
1,970
121,746
Sherwin-Williams Co.
 
56
17,045
 
 
 
138,791
Metals & Mining - 1.6%
 
 
 
First Quantum Minerals Ltd.
 
26,062
236,496
Freeport-McMoRan, Inc.
 
8,837
350,741
Ivanhoe Mines Ltd. (b)
 
10,000
104,950
 
 
 
692,187
TOTAL MATERIALS
 
 
830,978
REAL ESTATE - 1.0%
 
 
 
Equity Real Estate Investment Trusts (REITs) - 1.0%
 
 
 
American Tower Corp.
 
510
99,782
Crown Castle, Inc.
 
1,586
171,685
Equinix, Inc.
 
13
10,787
Simon Property Group, Inc.
 
1,314
182,134
 
 
 
464,388
UTILITIES - 1.0%
 
 
 
Electric Utilities - 1.0%
 
 
 
Duke Energy Corp.
 
100
9,583
Entergy Corp.
 
279
27,833
PG&E Corp.
 
2,929
49,412
Southern Co.
 
5,047
350,867
 
 
 
437,695
Multi-Utilities - 0.0%
 
 
 
Sempra
 
162
11,593
TOTAL UTILITIES
 
 
449,288
 
TOTAL COMMON STOCKS
 (Cost $26,675,231)
 
 
 
41,049,825
 
 
 
 
Preferred Stocks - 0.2%
 
 
Shares
Value ($)
 
Convertible Preferred Stocks - 0.0%
 
 
 
COMMUNICATION SERVICES - 0.0%
 
 
 
Interactive Media & Services - 0.0%
 
 
 
Reddit, Inc. Series E (b)(d)(e)
 
200
6,474
 
 
 
 
Nonconvertible Preferred Stocks - 0.2%
 
 
 
INDUSTRIALS - 0.2%
 
 
 
Aerospace & Defense - 0.2%
 
 
 
Embraer SA sponsored ADR (b)
 
3,670
67,565
 
 
 
 
 
TOTAL PREFERRED STOCKS
 (Cost $52,030)
 
 
 
74,039
 
 
 
 
Money Market Funds - 7.0%
 
 
Shares
Value ($)
 
Fidelity Cash Central Fund 5.39% (f)
 
3,078,851
3,079,466
Fidelity Securities Lending Cash Central Fund 5.39% (f)(g)
 
4,600
4,600
 
TOTAL MONEY MARKET FUNDS
 (Cost $3,084,066)
 
 
3,084,066
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 100.0%
 (Cost $29,811,327)
 
 
 
44,207,930
NET OTHER ASSETS (LIABILITIES) - 0.0%  
3,121
NET ASSETS - 100.0%
44,211,051
 
 
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 $50,059 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 $6,474 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 ($)
 
Reddit, Inc. Series E
5/18/21
8,495
 
 
 
 
Affiliated Central Funds
 
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
 
 
Affiliate
Value,
beginning
of period ($)
Purchases ($)
Sales
Proceeds ($)
Dividend
Income ($)
Realized
Gain (loss) ($)
Change in
Unrealized
appreciation
(depreciation) ($)
Value,
end
of period ($)
% ownership,
end
of period
Fidelity Cash Central Fund 5.39%
2,238,481
6,979,512
6,138,527
91,366
-
-
3,079,466
0.0%
Fidelity Securities Lending Cash Central Fund 5.39%
276,625
142,349
414,374
1,322
-
-
4,600
0.0%
Total
2,515,106
7,121,861
6,552,901
92,688
-
-
3,084,066
 
 
 
 
 
 
 
 
 
 
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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