NPORT-EX 2 QTLY_2946_20220930.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Contrafund® K6
September 30, 2022
CONK6-NPRT3-1122
1.9883976.105
Common Stocks - 94.2%
 
 
Shares
Value ($)
 
COMMUNICATION SERVICES - 11.9%
 
 
 
Entertainment - 1.6%
 
 
 
Activision Blizzard, Inc.
 
400,682
29,786,700
Netflix, Inc. (a)
 
866,582
204,028,066
The Walt Disney Co. (a)
 
272,470
25,702,095
Universal Music Group NV
 
1,692,150
31,694,054
Warner Music Group Corp. Class A
 
114,220
2,651,046
 
 
 
293,861,961
Interactive Media & Services - 9.9%
 
 
 
Alphabet, Inc.:
 
 
 
 Class A (a)
 
4,661,940
445,914,561
 Class C (a)
 
4,190,260
402,893,499
Bumble, Inc. (a)(b)
 
713,454
15,332,126
Meta Platforms, Inc. Class A (a)
 
7,098,223
963,086,897
Pinterest, Inc. Class A (a)
 
248,054
5,779,658
 
 
 
1,833,006,741
Media - 0.2%
 
 
 
Liberty Media Corp. Liberty Formula One Group Series C (a)
 
740,008
43,290,468
Wireless Telecommunication Services - 0.2%
 
 
 
T-Mobile U.S., Inc. (a)
 
301,087
40,396,843
TOTAL COMMUNICATION SERVICES
 
 
2,210,556,013
CONSUMER DISCRETIONARY - 11.1%
 
 
 
Automobiles - 0.7%
 
 
 
General Motors Co.
 
773,100
24,808,779
Hyundai Motor Co.
 
154,980
18,765,062
Rad Power Bikes, Inc. (a)(c)(d)
 
331,574
1,445,663
Rivian Automotive, Inc. (b)
 
102,912
3,386,834
Tesla, Inc. (a)
 
140,510
37,270,278
Toyota Motor Corp.
 
2,802,146
36,625,319
 
 
 
122,301,935
Diversified Consumer Services - 0.0%
 
 
 
Duolingo, Inc. (a)
 
2,173
206,935
Hotels, Restaurants & Leisure - 0.7%
 
 
 
Airbnb, Inc. Class A (a)
 
714,874
75,090,365
Chipotle Mexican Grill, Inc. (a)
 
8,455
12,705,836
Evolution AB (e)
 
23,700
1,873,427
Hilton Worldwide Holdings, Inc.
 
242,656
29,269,167
Hyatt Hotels Corp. Class A (a)
 
20,696
1,675,548
McDonald's Corp.
 
71,403
16,475,528
Starbucks Corp.
 
21,500
1,811,590
 
 
 
138,901,461
Household Durables - 0.1%
 
 
 
Lennar Corp. Class A
 
284,749
21,228,038
Internet & Direct Marketing Retail - 6.3%
 
 
 
Alibaba Group Holding Ltd. sponsored ADR (a)
 
24,500
1,959,755
Amazon.com, Inc. (a)
 
9,756,600
1,102,495,800
Cazoo Group Ltd. Class A (a)(b)
 
880,225
404,904
Coupang, Inc. Class A (a)(b)
 
2,725,853
45,439,970
Deliveroo PLC Class A (a)(e)
 
10,758,371
10,113,703
Doordash, Inc. (a)
 
23,772
1,175,525
Global-e Online Ltd. (a)
 
43,000
1,150,680
MercadoLibre, Inc. (a)
 
7,122
5,895,449
Wayfair LLC Class A (a)
 
10,948
356,357
 
 
 
1,168,992,143
Multiline Retail - 0.3%
 
 
 
Dollar Tree, Inc. (a)
 
291,697
39,699,962
Dollarama, Inc.
 
107,334
6,161,788
Kohl's Corp.
 
65,193
1,639,604
 
 
 
47,501,354
Specialty Retail - 2.6%
 
 
 
Academy Sports & Outdoors, Inc.
 
831,833
35,086,716
AutoZone, Inc. (a)
 
27,394
58,676,030
Dick's Sporting Goods, Inc. (b)
 
526,979
55,143,083
Fanatics, Inc. Class A (c)(d)
 
332,480
25,118,864
National Vision Holdings, Inc. (a)(b)
 
400,050
13,061,633
O'Reilly Automotive, Inc. (a)
 
95,628
67,259,954
The Home Depot, Inc.
 
488,266
134,732,120
TJX Companies, Inc.
 
108,086
6,714,302
Ulta Beauty, Inc. (a)
 
101,933
40,894,500
Williams-Sonoma, Inc. (b)
 
403,275
47,525,959
 
 
 
484,213,161
Textiles, Apparel & Luxury Goods - 0.4%
 
 
 
Deckers Outdoor Corp. (a)
 
22,833
7,137,824
Dr. Martens Ltd.
 
3,721,431
9,118,017
lululemon athletica, Inc. (a)
 
16,410
4,587,580
LVMH Moet Hennessy Louis Vuitton SE
 
3,037
1,790,539
NIKE, Inc. Class B
 
480,809
39,964,844
On Holding AG
 
1,339,287
21,495,556
 
 
 
84,094,360
TOTAL CONSUMER DISCRETIONARY
 
 
2,067,439,387
CONSUMER STAPLES - 3.8%
 
 
 
Beverages - 1.4%
 
 
 
Anheuser-Busch InBev SA NV
 
214,193
9,702,222
Constellation Brands, Inc. Class A (sub. vtg.)
 
54,549
12,528,814
Diageo PLC
 
493,803
20,785,911
Keurig Dr. Pepper, Inc.
 
269,940
9,669,251
PepsiCo, Inc.
 
535,339
87,399,445
The Coca-Cola Co.
 
2,238,307
125,389,958
The Vita Coco Co., Inc. (b)
 
7,706
87,771
 
 
 
265,563,372
Food & Staples Retailing - 1.6%
 
 
 
Alimentation Couche-Tard, Inc. Class A (multi-vtg.)
 
230,053
9,261,409
Costco Wholesale Corp.
 
606,571
286,465,286
 
 
 
295,726,695
Food Products - 0.1%
 
 
 
General Mills, Inc.
 
47,600
3,646,636
Mondelez International, Inc.
 
221,821
12,162,445
Nestle SA (Reg. S)
 
50,619
5,474,816
 
 
 
21,283,897
Household Products - 0.0%
 
 
 
Procter & Gamble Co.
 
32,300
4,077,875
Personal Products - 0.7%
 
 
 
Estee Lauder Companies, Inc. Class A
 
447,994
96,721,905
L'Oreal SA (a)
 
23,678
7,570,853
L'Oreal SA (a)
 
32,604
10,424,870
Olaplex Holdings, Inc.
 
610,373
5,829,062
 
 
 
120,546,690
TOTAL CONSUMER STAPLES
 
 
707,198,529
ENERGY - 5.9%
 
 
 
Energy Equipment & Services - 0.0%
 
 
 
Halliburton Co.
 
199,657
4,915,555
Oil, Gas & Consumable Fuels - 5.9%
 
 
 
Antero Resources Corp. (a)
 
103,773
3,168,190
Birchcliff Energy Ltd.
 
86,800
616,432
Canadian Natural Resources Ltd. (b)
 
1,288,099
59,959,290
Cenovus Energy, Inc. (Canada)
 
468,188
7,192,203
Cheniere Energy, Inc.
 
430,488
71,422,264
Chevron Corp.
 
778,982
111,916,344
ConocoPhillips Co.
 
1,647,175
168,571,890
Continental Resources, Inc.
 
309,212
20,658,454
Devon Energy Corp.
 
903,538
54,329,740
Diamondback Energy, Inc.
 
287,696
34,655,860
EOG Resources, Inc.
 
686,739
76,729,348
EQT Corp.
 
87,669
3,572,512
Equinor ASA
 
50,838
1,676,573
Exxon Mobil Corp.
 
1,901,184
165,992,375
Hess Corp.
 
514,746
56,102,167
Occidental Petroleum Corp.
 
1,330,084
81,733,662
Phillips 66 Co.
 
228,338
18,431,443
Pioneer Natural Resources Co.
 
310,010
67,126,465
Reliance Industries Ltd.
 
371,282
10,829,239
Suncor Energy, Inc.
 
627,371
17,667,305
Tourmaline Oil Corp.
 
53,909
2,801,699
Valero Energy Corp.
 
445,247
47,574,642
 
 
 
1,082,728,097
TOTAL ENERGY
 
 
1,087,643,652
FINANCIALS - 13.5%
 
 
 
Banks - 3.1%
 
 
 
Banco Santander SA (Spain)
 
2,460,590
5,725,550
Bank of America Corp.
 
6,806,513
205,556,693
Citigroup, Inc.
 
148,857
6,202,871
JPMorgan Chase & Co.
 
1,171,712
122,443,904
Nu Holdings Ltd. (b)
 
905,916
3,986,030
Royal Bank of Canada (b)
 
1,053,369
94,840,194
Starling Bank Ltd. Series D (a)(c)(d)
 
4,139,223
10,629,794
The Toronto-Dominion Bank (b)
 
1,194,289
73,247,305
Wells Fargo & Co.
 
1,164,748
46,846,165
 
 
 
569,478,506
Capital Markets - 1.0%
 
 
 
BlackRock, Inc. Class A
 
1,509
830,373
Blackstone, Inc.
 
19,229
1,609,467
Brookfield Asset Management, Inc. (Canada) Class A
 
278,344
11,386,846
Charles Schwab Corp.
 
490,546
35,255,541
Goldman Sachs Group, Inc.
 
27,283
7,995,283
Morgan Stanley
 
1,559,951
123,251,729
MSCI, Inc.
 
16,162
6,816,970
 
 
 
187,146,209
Consumer Finance - 0.1%
 
 
 
American Express Co.
 
72,256
9,748,057
Diversified Financial Services - 6.9%
 
 
 
Berkshire Hathaway, Inc. Class A (a)
 
3,158
1,283,632,255
Insurance - 2.4%
 
 
 
Admiral Group PLC
 
451,720
9,596,174
American International Group, Inc.
 
1,553,867
73,777,605
Aon PLC
 
20,849
5,584,822
Arthur J. Gallagher & Co.
 
183,516
31,421,610
Brookfield Asset Management Reinsurance Partners Ltd.
 
1,389
56,833
Chubb Ltd.
 
450,882
82,006,418
Fairfax Financial Holdings Ltd. (sub. vtg.)
 
32,036
14,631,478
Hartford Financial Services Group, Inc.
 
281,775
17,453,144
Intact Financial Corp.
 
154,854
21,915,089
Marsh & McLennan Companies, Inc.
 
134,724
20,112,946
Progressive Corp.
 
829,055
96,344,482
The Travelers Companies, Inc.
 
449,586
68,876,575
W.R. Berkley Corp.
 
83,797
5,411,610
 
 
 
447,188,786
TOTAL FINANCIALS
 
 
2,497,193,813
HEALTH CARE - 17.6%
 
 
 
Biotechnology - 3.9%
 
 
 
AbbVie, Inc.
 
459,031
61,606,551
Alnylam Pharmaceuticals, Inc. (a)
 
38,407
7,687,545
Argenx SE ADR (a)
 
46,929
16,568,283
Biohaven Pharmaceutical Holding Co. Ltd. (a)
 
9,107
1,376,705
BioMarin Pharmaceutical, Inc. (a)
 
21,894
1,855,954
Galapagos NV sponsored ADR (a)
 
289,213
12,332,042
Intellia Therapeutics, Inc. (a)
 
114,755
6,421,690
Legend Biotech Corp. ADR (a)
 
163,836
6,684,509
Neurocrine Biosciences, Inc. (a)
 
4,300
456,703
Regeneron Pharmaceuticals, Inc. (a)
 
570,130
392,745,453
United Therapeutics Corp. (a)
 
110,961
23,233,014
Vertex Pharmaceuticals, Inc. (a)
 
679,964
196,876,777
Verve Therapeutics, Inc. (a)
 
11,600
398,460
Zai Lab Ltd. (a)
 
733,013
2,495,454
 
 
 
730,739,140
Health Care Equipment & Supplies - 0.3%
 
 
 
Edwards Lifesciences Corp. (a)
 
278,894
23,045,011
Figs, Inc. Class A (a)
 
28,015
231,124
Intuitive Surgical, Inc. (a)
 
149,774
28,073,639
Straumann Holding AG
 
53,382
4,882,327
 
 
 
56,232,101
Health Care Providers & Services - 7.1%
 
 
 
23andMe Holding Co. Class B (e)
 
291,601
833,979
AmerisourceBergen Corp.
 
149,772
20,268,645
Cardinal Health, Inc.
 
199,500
13,302,660
Centene Corp. (a)
 
214,334
16,677,329
Cigna Corp.
 
154,214
42,789,759
dentalcorp Holdings Ltd. (a)
 
220,981
1,271,799
Elevance Health, Inc.
 
177,286
80,530,393
Guardant Health, Inc. (a)
 
20,337
1,094,741
HCA Holdings, Inc.
 
138,125
25,385,994
Molina Healthcare, Inc. (a)
 
38,000
12,533,920
Option Care Health, Inc. (a)
 
452,589
14,242,976
P3 Health Partners, Inc. (a)(c)
 
450,620
1,977,771
UnitedHealth Group, Inc.
 
2,144,039
1,082,825,457
 
 
 
1,313,735,423
Life Sciences Tools & Services - 1.3%
 
 
 
Danaher Corp.
 
513,975
132,754,603
Lonza Group AG
 
23
11,199
Mettler-Toledo International, Inc. (a)
 
34,526
37,430,327
Thermo Fisher Scientific, Inc.
 
88,293
44,781,327
Veterinary Emergency Group LLC Class A (c)(d)(f)
 
183,097
11,630,321
Waters Corp. (a)
 
23,373
6,299,725
 
 
 
232,907,502
Pharmaceuticals - 5.0%
 
 
 
AstraZeneca PLC sponsored ADR
 
218,610
11,988,572
Bristol-Myers Squibb Co.
 
1,435,534
102,052,112
Eli Lilly & Co.
 
1,534,969
496,332,226
Intra-Cellular Therapies, Inc. (a)
 
116,812
5,435,262
Johnson & Johnson
 
512,540
83,728,534
Merck & Co., Inc.
 
1,042,145
89,749,527
Nuvation Bio, Inc. (a)(b)
 
2,386,494
5,345,747
Pfizer, Inc.
 
1,030,847
45,109,865
Roche Holding AG (participation certificate)
 
66,312
21,586,729
Royalty Pharma PLC
 
1,479,796
59,458,203
Zoetis, Inc. Class A
 
34,441
5,107,256
 
 
 
925,894,033
TOTAL HEALTH CARE
 
 
3,259,508,199
INDUSTRIALS - 4.1%
 
 
 
Aerospace & Defense - 1.1%
 
 
 
Lockheed Martin Corp.
 
206,059
79,598,531
Northrop Grumman Corp.
 
258,195
121,434,272
Space Exploration Technologies Corp. Class A (a)(c)(d)
 
73,000
5,110,000
 
 
 
206,142,803
Air Freight & Logistics - 1.1%
 
 
 
C.H. Robinson Worldwide, Inc.
 
20,472
1,971,658
Delhivery Private Ltd. (c)
 
924,200
6,277,858
United Parcel Service, Inc. Class B
 
1,200,836
193,983,047
Zipline International, Inc. (c)(d)
 
87,466
2,202,394
 
 
 
204,434,957
Building Products - 0.2%
 
 
 
Carlisle Companies, Inc.
 
33,191
9,307,088
Fortune Brands Home & Security, Inc.
 
59,759
3,208,461
Toto Ltd.
 
605,157
20,153,781
 
 
 
32,669,330
Commercial Services & Supplies - 0.1%
 
 
 
Aurora Innovation, Inc. (a)(b)
 
1,313,382
2,902,574
Cintas Corp.
 
32,798
12,731,856
Clean Harbors, Inc. (a)
 
75,530
8,306,789
Clean TeQ Water Pty Ltd. (a)(b)
 
311,311
97,574
GFL Environmental, Inc.
 
75,322
1,904,893
TulCo LLC (a)(c)(d)(f)
 
1,552
958,391
ZenPayroll, Inc. (c)(d)
 
50,300
1,569,863
 
 
 
28,471,940
Electrical Equipment - 0.0%
 
 
 
Hubbell, Inc. Class B
 
13,193
2,942,039
SES AI Corp. Class A (a)(b)
 
2,127
10,380
 
 
 
2,952,419
Industrial Conglomerates - 0.4%
 
 
 
General Electric Co.
 
1,290,052
79,867,119
Machinery - 0.5%
 
 
 
Deere & Co.
 
162,266
54,178,995
Fortive Corp.
 
62,541
3,646,140
PACCAR, Inc.
 
324,674
27,171,967
 
 
 
84,997,102
Road & Rail - 0.6%
 
 
 
Canadian Pacific Railway Ltd.
 
493,190
32,922,178
J.B. Hunt Transport Services, Inc.
 
191,386
29,936,598
Old Dominion Freight Lines, Inc.
 
111,440
27,722,929
Union Pacific Corp.
 
116,632
22,722,246
 
 
 
113,303,951
Trading Companies & Distributors - 0.1%
 
 
 
W.W. Grainger, Inc.
 
31,748
15,530,804
TOTAL INDUSTRIALS
 
 
768,370,425
INFORMATION TECHNOLOGY - 22.5%
 
 
 
Communications Equipment - 0.1%
 
 
 
Arista Networks, Inc. (a)
 
247,030
27,887,217
Electronic Equipment & Components - 1.8%
 
 
 
Amphenol Corp. Class A
 
4,866,329
325,849,390
CDW Corp.
 
59,434
9,276,459
 
 
 
335,125,849
IT Services - 3.0%
 
 
 
Accenture PLC Class A
 
783,209
201,519,676
Adyen BV (a)(e)
 
8,448
10,536,025
Affirm Holdings, Inc. (a)(b)
 
86,602
1,624,654
Cloudflare, Inc. (a)
 
322,531
17,839,190
Cognizant Technology Solutions Corp. Class A
 
250,139
14,367,984
MasterCard, Inc. Class A
 
86,203
24,510,961
MongoDB, Inc. Class A (a)
 
78,789
15,644,344
Okta, Inc. (a)
 
7
398
PayPal Holdings, Inc. (a)
 
20,400
1,755,828
Shopify, Inc. Class A (a)
 
21,800
586,920
Snowflake, Inc. (a)
 
20,069
3,410,927
Visa, Inc. Class A
 
1,458,930
259,178,915
 
 
 
550,975,822
Semiconductors & Semiconductor Equipment - 5.0%
 
 
 
Advanced Micro Devices, Inc. (a)
 
1,688,044
106,954,468
Analog Devices, Inc.
 
329,359
45,892,883
Enphase Energy, Inc. (a)
 
89,408
24,808,038
Lattice Semiconductor Corp. (a)
 
149,232
7,343,707
Marvell Technology, Inc.
 
716,353
30,738,707
Monolithic Power Systems, Inc.
 
37,450
13,609,330
NVIDIA Corp.
 
2,670,302
324,147,960
onsemi (a)
 
1,125,458
70,149,797
Qualcomm, Inc.
 
2,224,304
251,301,866
Skyworks Solutions, Inc.
 
60,013
5,117,309
SolarEdge Technologies, Inc. (a)
 
6,500
1,504,490
Synaptics, Inc. (a)
 
471,849
46,717,769
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR
 
27,600
1,892,256
 
 
 
930,178,580
Software - 7.8%
 
 
 
Adobe, Inc. (a)
 
486,827
133,974,790
Aspen Technology, Inc. (a)
 
12,072
2,875,550
Atlassian Corp. PLC (a)
 
206,382
43,461,985
Bill.Com Holdings, Inc. (a)
 
2
265
Cadence Design Systems, Inc. (a)
 
505,408
82,598,829
Check Point Software Technologies Ltd. (a)
 
94,301
10,563,598
Clear Secure, Inc. (a)(b)
 
331,577
7,579,850
Epic Games, Inc. (a)(c)(d)
 
14,010
12,043,136
Fortinet, Inc. (a)
 
168,336
8,270,348
Intuit, Inc.
 
28,682
11,109,112
Microsoft Corp.
 
3,844,410
895,363,089
Salesforce.com, Inc. (a)
 
1,520,878
218,763,092
ServiceNow, Inc. (a)
 
4,179
1,578,032
Stripe, Inc. Class B (a)(c)(d)
 
75,100
1,788,131
Synopsys, Inc. (a)
 
23,000
7,026,730
Tanium, Inc. Class B (a)(c)(d)
 
449,538
3,964,925
 
 
 
1,440,961,462
Technology Hardware, Storage & Peripherals - 4.8%
 
 
 
Apple, Inc.
 
6,354,153
878,143,945
Dell Technologies, Inc.
 
409,715
13,999,962
Pure Storage, Inc. Class A (a)
 
46,802
1,280,971
 
 
 
893,424,878
TOTAL INFORMATION TECHNOLOGY
 
 
4,178,553,808
MATERIALS - 2.9%
 
 
 
Chemicals - 0.8%
 
 
 
Air Products & Chemicals, Inc.
 
7,934
1,846,480
Albemarle Corp.
 
89,642
23,704,930
CF Industries Holdings, Inc.
 
536,588
51,646,595
Corteva, Inc.
 
354,050
20,233,958
LG Chemical Ltd.
 
4,250
1,556,931
Nutrien Ltd. (b)
 
299,897
25,005,412
Sherwin-Williams Co.
 
8,874
1,816,952
The Mosaic Co.
 
173,629
8,391,490
Westlake Corp.
 
166,711
14,483,852
 
 
 
148,686,600
Metals & Mining - 2.1%
 
 
 
B2Gold Corp.
 
5,915,225
19,012,994
Barrick Gold Corp. (Canada) (b)
 
1,367,381
21,193,490
Cleveland-Cliffs, Inc. (a)
 
902,785
12,160,514
Franco-Nevada Corp.
 
687,765
82,152,405
Freeport-McMoRan, Inc.
 
2,533,056
69,228,420
Glencore PLC
 
1,015,126
5,334,505
Ivanhoe Electric, Inc. (a)
 
128,708
1,061,841
Ivanhoe Electric, Inc.
 
429,670
3,367,539
Ivanhoe Mines Ltd. (a)
 
5,810,586
37,395,381
Ivanhoe Mines Ltd. (a)(e)
 
1,421,713
9,149,766
Novagold Resources, Inc. (a)
 
1,578,457
7,450,349
Nucor Corp. (b)
 
751,864
80,441,929
POSCO sponsored ADR
 
20,921
765,918
Steel Dynamics, Inc.
 
479,494
34,020,099
Sunrise Energy Metals Ltd. (a)
 
622,623
955,826
 
 
 
383,690,976
TOTAL MATERIALS
 
 
532,377,576
REAL ESTATE - 0.3%
 
 
 
Equity Real Estate Investment Trusts (REITs) - 0.3%
 
 
 
Equity Commonwealth (a)
 
499,992
12,179,805
Prologis (REIT), Inc.
 
269,267
27,357,527
Welltower Op
 
110,683
7,119,131
 
 
 
46,656,463
UTILITIES - 0.6%
 
 
 
Electric Utilities - 0.6%
 
 
 
Constellation Energy Corp.
 
362,940
30,192,979
Exelon Corp.
 
112,180
4,202,263
NextEra Energy, Inc.
 
200,070
15,687,489
NRG Energy, Inc.
 
203,848
7,801,263
PG&E Corp. (a)
 
1,431,976
17,899,700
Southern Co.
 
354,406
24,099,608
 
 
 
99,883,302
Multi-Utilities - 0.0%
 
 
 
Sempra Energy
 
23,100
3,463,614
TOTAL UTILITIES
 
 
103,346,916
 
TOTAL COMMON STOCKS
 (Cost $15,603,208,851)
 
 
 
17,458,844,781
 
 
 
 
Preferred Stocks - 0.8%
 
 
Shares
Value ($)
 
Convertible Preferred Stocks - 0.6%
 
 
 
COMMUNICATION SERVICES - 0.0%
 
 
 
Interactive Media & Services - 0.0%
 
 
 
Reddit, Inc.:
 
 
 
  Series E(a)(c)(d)
 
27,300
1,081,353
  Series F(a)(c)(d)
 
149,136
5,907,277
 
 
 
6,988,630
CONSUMER DISCRETIONARY - 0.1%
 
 
 
Automobiles - 0.0%
 
 
 
Rad Power Bikes, Inc.:
 
 
 
  Series A(a)(c)(d)
 
43,228
188,474
  Series C(a)(c)(d)
 
170,098
741,627
  Series D(c)(d)
 
404,900
1,765,364
 
 
 
2,695,465
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Discord, Inc. Series I (c)(d)
 
2,700
1,008,855
 
 
 
 
Internet & Direct Marketing Retail - 0.1%
 
 
 
Circle Internet Financial Ltd. Series F (c)
 
118,667
5,778,163
GoBrands, Inc.:
 
 
 
  Series G(a)(c)(d)
 
8,352
1,645,093
  Series H(a)(c)(d)
 
11,788
2,321,882
 
 
 
9,745,138
TOTAL CONSUMER DISCRETIONARY
 
 
13,449,458
 
 
 
 
CONSUMER STAPLES - 0.0%
 
 
 
Food Products - 0.0%
 
 
 
Bowery Farming, Inc. Series C1 (a)(c)(d)
 
37,316
1,050,445
 
 
 
 
FINANCIALS - 0.0%
 
 
 
Thrifts & Mortgage Finance - 0.0%
 
 
 
Acrisure Holdings, Inc. Series B (a)(c)(d)
 
57,282
1,301,447
 
 
 
 
HEALTH CARE - 0.1%
 
 
 
Biotechnology - 0.0%
 
 
 
ElevateBio LLC Series C (a)(c)(d)
 
486,500
2,224,765
 
 
 
 
Health Care Providers & Services - 0.1%
 
 
 
Lyra Health, Inc.:
 
 
 
  Series E(a)(c)(d)
 
190,800
2,795,220
  Series F(a)(c)(d)
 
11,519
168,753
Somatus, Inc. Series E (c)(d)
 
2,766
2,558,522
 
 
 
5,522,495
TOTAL HEALTH CARE
 
 
7,747,260
 
 
 
 
INDUSTRIALS - 0.3%
 
 
 
Aerospace & Defense - 0.2%
 
 
 
Relativity Space, Inc.:
 
 
 
  Series D(a)(c)(d)
 
207,384
3,521,380
  Series E(a)(c)(d)
 
143,887
2,802,919
Space Exploration Technologies Corp. Series N (a)(c)(d)
 
49,490
34,643,000
 
 
 
40,967,299
Air Freight & Logistics - 0.0%
 
 
 
Zipline International, Inc. Series E (a)(c)(d)
 
178,019
4,482,518
 
 
 
 
Commercial Services & Supplies - 0.1%
 
 
 
ZenPayroll, Inc.:
 
 
 
  Series D(a)(c)(d)
 
184,203
5,748,976
  Series E(a)(c)(d)
 
28,063
875,846
 
 
 
6,624,822
Construction & Engineering - 0.0%
 
 
 
Beta Technologies, Inc. Series B, 6.00% (c)(d)
 
47,990
4,218,801
 
 
 
 
TOTAL INDUSTRIALS
 
 
56,293,440
 
 
 
 
INFORMATION TECHNOLOGY - 0.1%
 
 
 
IT Services - 0.1%
 
 
 
ByteDance Ltd. Series E1 (a)(c)(d)
 
80,736
13,466,765
 
 
 
 
Software - 0.0%
 
 
 
ASAPP, Inc. Series C (a)(c)(d)
 
204,122
755,251
Carbon, Inc.:
 
 
 
  Series D(a)(c)(d)
 
9,678
112,845
  Series E(a)(c)(d)
 
7,351
101,811
Nuro, Inc.:
 
 
 
  Series C(a)(c)(d)
 
405,967
5,744,433
  Series D(c)(d)
 
114,603
1,621,632
Stripe, Inc. Series H (a)(c)(d)
 
29,000
690,490
Tenstorrent, Inc. Series C1 (a)(c)(d)
 
33,000
1,443,750
 
 
 
10,470,212
TOTAL INFORMATION TECHNOLOGY
 
 
23,936,977
 
 
 
 
MATERIALS - 0.0%
 
 
 
Metals & Mining - 0.0%
 
 
 
High Power Exploration, Inc. Series A (a)(c)(d)
 
1,289,012
6,290,379
 
 
 
 
TOTAL CONVERTIBLE PREFERRED STOCKS
 
 
117,058,036
Nonconvertible Preferred Stocks - 0.2%
 
 
 
CONSUMER DISCRETIONARY - 0.0%
 
 
 
Internet & Direct Marketing Retail - 0.0%
 
 
 
Circle Internet Financial Ltd. Series E (c)
 
175,323
8,536,871
 
 
 
 
ENERGY - 0.2%
 
 
 
Oil, Gas & Consumable Fuels - 0.2%
 
 
 
Petroleo Brasileiro SA - Petrobras sponsored ADR
 
2,290,748
28,267,830
 
 
 
 
TOTAL NONCONVERTIBLE PREFERRED STOCKS
 
 
36,804,701
 
TOTAL PREFERRED STOCKS
 (Cost $134,544,707)
 
 
 
153,862,737
 
 
 
 
Preferred Securities - 0.0%
 
 
Principal
Amount (g)
 
Value ($)
 
INFORMATION TECHNOLOGY - 0.0%
 
 
 
Software - 0.0%
 
 
 
Tenstorrent, Inc. 0% (c)(d)(h)
 
  (Cost $1,840,000)
 
 
1,840,000
1,840,000
 
 
 
 
Money Market Funds - 7.4%
 
 
Shares
Value ($)
 
Fidelity Cash Central Fund 3.10% (i)
 
1,215,228,067
1,215,471,113
Fidelity Securities Lending Cash Central Fund 3.10% (i)(j)
 
158,985,989
159,001,888
 
TOTAL MONEY MARKET FUNDS
 (Cost $1,374,472,008)
 
 
1,374,473,001
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 102.4%
 (Cost $17,114,065,566)
 
 
 
18,989,020,519
NET OTHER ASSETS (LIABILITIES) - (2.4)%  
(442,766,317)
NET ASSETS - 100.0%
18,546,254,202
 
 
Legend
 
(a)
Non-income producing
 
(b)
Security or a portion of the security is on loan at period end.
 
(c)
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 $212,152,018 or 1.1% of net assets.
 
(d)
Level 3 security
 
(e)
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 $32,506,900 or 0.2% of net assets.
 
(f)
Investment is owned by a wholly-owned subsidiary (Subsidiary) that is treated as a corporation for U.S. tax purposes.
 
(g)
Amount is stated in United States dollars unless otherwise noted.
 
(h)
Security is perpetual in nature with no stated maturity date.
 
(i)
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.
 
(j)
Investment made with cash collateral received from securities on loan.
 
 
 
Additional information on each restricted holding is as follows:
Security
Acquisition Date
Acquisition Cost ($)
 
Acrisure Holdings, Inc. Series B
3/22/21
1,043,678
ASAPP, Inc. Series C
4/30/21
1,346,613
Beta Technologies, Inc. Series B, 6.00%
4/04/22
4,951,128
Bowery Farming, Inc. Series C1
5/18/21
2,248,263
ByteDance Ltd. Series E1
11/18/20
8,846,581
Carbon, Inc. Series D
12/15/17
225,990
Carbon, Inc. Series E
3/22/19
205,787
Circle Internet Financial Ltd. Series E
5/11/21
2,845,500
Circle Internet Financial Ltd. Series F
5/09/22
5,000,627
Delhivery Private Ltd.
5/20/21
4,511,240
Discord, Inc. Series I
9/15/21
1,486,686
ElevateBio LLC Series C
3/09/21
2,040,868
Epic Games, Inc.
7/13/20 - 7/30/20
8,055,750
Fanatics, Inc. Class A
8/13/20 - 12/15/21
12,844,485
GoBrands, Inc. Series G
3/02/21
2,085,639
GoBrands, Inc. Series H
7/22/21
4,579,527
High Power Exploration, Inc. Series A
11/15/19 - 3/04/21
6,793,094
Lyra Health, Inc. Series E
1/14/21
1,747,079
Lyra Health, Inc. Series F
6/04/21
180,899
Nuro, Inc. Series C
10/30/20
5,299,737
Nuro, Inc. Series D
10/29/21
2,388,982
P3 Health Partners, Inc.
5/25/21
4,506,200
Rad Power Bikes, Inc.
1/21/21
1,599,460
Rad Power Bikes, Inc. Series A
1/21/21
208,525
Rad Power Bikes, Inc. Series C
1/21/21
820,526
Rad Power Bikes, Inc. Series D
9/17/21
3,880,481
Reddit, Inc. Series E
5/18/21
1,159,546
Reddit, Inc. Series F
8/11/21
9,215,770
Relativity Space, Inc. Series D
11/20/20
3,095,642
Relativity Space, Inc. Series E
5/27/21
3,285,674
Somatus, Inc. Series E
1/31/22
2,413,708
Space Exploration Technologies Corp. Class A
2/16/21
3,065,927
Space Exploration Technologies Corp. Series N
8/04/20
13,362,300
Starling Bank Ltd. Series D
6/18/21 - 4/05/22
8,226,276
Stripe, Inc. Class B
5/18/21
3,013,641
Stripe, Inc. Series H
3/15/21
1,163,625
Tanium, Inc. Class B
9/18/20
5,122,575
Tenstorrent, Inc. Series C1
4/23/21
1,961,992
Tenstorrent, Inc. 0%
4/23/21
1,840,000
TulCo LLC
8/24/17 - 9/07/18
715,349
Veterinary Emergency Group LLC Class A
9/16/21 - 3/17/22
7,067,188
ZenPayroll, Inc.
10/01/21
1,448,054
ZenPayroll, Inc. Series D
7/16/19
2,452,184
ZenPayroll, Inc. Series E
7/13/21
852,984
Zipline International, Inc.
10/12/21
3,148,776
Zipline International, Inc. Series E
12/21/20
5,808,653
 
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 3.10%
557,157,321
3,953,222,863
3,294,909,071
7,570,474
-
-
1,215,471,113
2.4%
Fidelity Securities Lending Cash Central Fund 3.10%
69,004,697
1,161,751,921
1,071,754,730
265,611
-
-
159,001,888
0.4%
Total
626,162,018
5,114,974,784
4,366,663,801
7,836,085
-
-
1,374,473,001
 
 
 
 
 
 
 
 
 
 
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.
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.
 
Securities, including private placements or other restricted securities, for which observable inputs are not available are valued using alternate valuation approaches, including the market approach, the income approach and cost approach, and are categorized as Level 3 in the hierarchy. The market approach considers factors including the price of recent investments in the same or a similar security or financial metrics of comparable securities. The income approach considers factors including expected future cash flows, security specific risks and corresponding discount rates. The cost approach considers factors including the value of the security's underlying assets and liabilities.
 
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. Preferred Securities 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.
 
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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