0001752724-22-294083.txt : 20221228 0001752724-22-294083.hdr.sgml : 20221228 20221228093626 ACCESSION NUMBER: 0001752724-22-294083 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20221031 FILED AS OF DATE: 20221228 DATE AS OF CHANGE: 20221228 PERIOD START: 20230731 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY SELECT PORTFOLIOS CENTRAL INDEX KEY: 0000320351 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-03114 FILM NUMBER: 221491989 BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 617-563-7000 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 0000320351 S000039313 Fidelity Real Estate Investment Portfolio C000121124 Fidelity Real Estate Investment Portfolio FRESX NPORT-P 1 primary_doc.xml NPORT-P false 0000320351 XXXXXXXX S000039313 C000121124 Fidelity Select Portfolios 811-03114 0000320351 Z57125JG1LHEQKDYS630 245 Summer Street Boston 02210 1-800-FIDELITY Fidelity Real Estate Investment Portfolio S000039313 9KBP4YLA5928OXHW4L76 2023-07-31 2022-10-31 N 2982559405.26 35913015.53 2946646389.73 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 N DIGITAL REALTY TRUST INC 549300HKCZ31D08NEI41 DIGITAL REALTY TRUST INC 253868103 1199400.00000000 NS USD 120239850.00000000 4.080565975580 Long EC CORP US N 1 N N N EQUINIX INC 549300EVUN2BTLJ3GT74 EQUINIX INC 29444U700 266600.00000000 NS USD 151012904.00000000 5.124907573787 Long EC CORP US N 1 N N N FOUR CORNERS PROPERTY TRUST INC 549300SVTPZPBDVNER42 FOUR CORNERS PPTY TR INC W/I 35086T109 747200.00000000 NS USD 19143264.00000000 0.649662751075 Long EC CORP US N 1 N N N EXTRA SPACE STORAGE INC N/A EXTRA SPACE STORAGE INC 30225T102 644940.00000000 NS USD 114438153.60000000 3.883674471387 Long EC CORP US N 1 N N N LXP INDUSTRIAL TRUST 549300S4MH2ICXDBFV43 LXP INDUSTRIAL TRUST REIT 529043101 2857800.00000000 NS USD 27663504.00000000 0.938813157100 Long EC CORP US N 1 N N N WELLTOWER OP T6IZ0MBEG5ACZDTR7D06 WELLTOWER INC 95040Q104 2158140.00000000 NS USD 131732865.60000000 4.470603125611 Long EC CORP US N 1 N N N KIMCO REALTY CORP 549300EA7I6T15IBYS12 KIMCO REALTY CORPORATION 49446R109 3107890.00000000 NS USD 66446688.20000000 2.254993623652 Long EC CORP US N 1 N N N RYMAN HOSPITALITY PPTYS INC 529900GCCWW9SRMPJR11 RYMAN HOSPITALITY PPTYS INC 78377T107 307900.00000000 NS USD 27378468.00000000 0.929139923114 Long EC CORP US N 1 N N N SUN COMMUNITIES INC 549300H5GEOJYN41ZG57 SUN COMMUNITIES INC - REIT 866674104 503763.00000000 NS USD 67932440.55000000 2.305415430462 Long EC CORP US N 1 N N N CBRE GROUP INC 52990016II9MJ2OSWA10 CBRE GROUP INC - CL A 12504L109 1300200.00000000 NS USD 92236188.00000000 3.130208915514 Long EC CORP US N 1 N N N NATIONAL RETAIL PROPERTIES INC 5493008JKH5SOTI0JS97 NATIONAL RETAIL PROPERTIES INC 637417106 1818500.00000000 NS USD 76431555.00000000 2.593848901123 Long EC CORP US N 1 N N N VERIS RESIDENTIAL INC N/A VERIS RESIDENTIAL INC 554489104 978400.00000000 NS USD 15488072.00000000 0.525616920102 Long EC CORP US N 1 N N N CUBESMART N/A CUBESMART 229663109 2477400.00000000 NS USD 103728738.00000000 3.520230264531 Long EC CORP US N 1 N N N VENTAS INC ORQTRC074CWLT3DKHT41 VENTAS INC REIT 92276F100 2864054.00000000 NS USD 112070433.02000000 3.803321410081 Long EC CORP US N 1 N N N URBAN EDGE PROPERTIES N/A URBAN EDGE PROPERTIES 91704F104 1276700.00000000 NS USD 18027004.00000000 0.611780363698 Long EC CORP US N 1 N N N HIGHWOODS PROPERTIES INC ZIIGTYKL9T0X3HLTDX53 HIGHWOODS PROPERTIES INC 431284108 147823.00000000 NS USD 4173043.29000000 0.141620090708 Long EC CORP US N 1 N N N PHILLIPS EDISON and CO INC 549300UC1QJSQ49IC243 PHILLIPS EDISON and CO INC 71844V201 1275800.00000000 NS USD 38452612.00000000 1.304961875779 Long EC CORP US N 1 N N APARTMENT INCOME REIT CORP N/A APARTMENT INCOME REIT CORP CL A 03750L109 1133068.00000000 NS USD 43543803.24000000 1.477741047984 Long EC CORP US N 1 N N N CROWN CASTLE INC 54930012H97VSM0I2R19 CROWN CASTLE INC 22822V101 2039300.00000000 NS USD 271757118.00000000 9.222590092491 Long EC CORP US N 1 N N N PIEDMONT OFFICE RLTY TR INC N/A PIEDMONT OFFICE REALTY TRUST A 720190206 259800.00000000 NS USD 2714910.00000000 0.092135588764 Long EC CORP US N 1 N N N INVITATION HOMES INC N/A INVITATION HOMES INC 46187W107 2049900.00000000 NS USD 64961331.00000000 2.204585227002 Long EC CORP US N 1 N N N RLJ LODGING TR N/A RLJ LODGING TRUST 74965L101 2621019.00000000 NS USD 31897801.23000000 1.082512015733 Long EC CORP US N 1 N N N ELME COMMUNITIES 549300DI34BGS8LVKW95 ELME COMMUNITIES 939653101 1225800.00000000 NS USD 23400522.00000000 0.794140826722 Long EC CORP US N 1 N N N MID-AMERICA APT CMNTYS INC 549300FQZKFR5YNSHZ21 MID AMERICA APT CMNTY INC 59522J103 668400.00000000 NS USD 105239580.00000000 3.571503535910 Long EC CORP US N 1 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Cash Central Fund 31635A105 28362413.61100000 NS USD 28368086.09000000 0.962724478541 Long STIV RF US N 1 N N N AMERICAN HOMES 4 RENT 549300ZJUO7A58PNUW40 AMERICAN HOMES 4 RENT 02665T306 1749900.00000000 NS USD 55891806.00000000 1.896793799038 Long EC CORP US N 1 N N N GAMING AND LEISURE PROPERTIES INC 5493006GWRDBCZYWTM57 GAMING AND LEISURE PROPRTI INC 36467J108 1109410.00000000 NS USD 55603629.20000000 1.887013976084 Long EC CORP US N 1 N N N SPIRIT REALTY CAPITAL INC 549300LTU6LVPZSHMJ25 SPIRIT RLTY CAP INC 84860W300 1346200.00000000 NS USD 52272946.00000000 1.773980962974 Long EC CORP US N 1 N N N IRON MOUNTAIN INC SQL3F6CKNNBM3SQGHX24 IRON MOUNTAIN INC 46284V101 1105300.00000000 NS USD 55342371.00000000 1.878147686566 Long EC CORP US N 1 N N N AMERICAN ASSETS TRUST INC N/A AMERICAN ASSETS TRUST INC 024013104 757400.00000000 NS USD 20813352.00000000 0.706340335662 Long EC CORP US N 1 N N N EQUITY LIFESTYLE PROPERTIES INC 529900PEQG66LENB6798 EQUITY LIFESTYLE PPTYS INC 29472R108 1284674.00000000 NS USD 82167749.04000000 2.788517459250 Long EC CORP US N 1 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Securities Lending Cash Central Fund 31635A303 33420064.49000000 NS USD 33423406.50000000 1.134286306510 Long STIV RF US N 1 N N HOST HOTELS and RESORTS INC N6EL63S0K3PB1YFTDI24 HOST HOTELS and RESORTS INC 44107P104 4048000.00000000 NS USD 76426240.00000000 2.593668526578 Long EC CORP US N 1 N N N UDR INC P3CH2EG5X6Z1XWU1OO74 UDR INC 902653104 2662841.00000000 NS USD 105874558.16000000 3.593052716776 Long EC CORP US N 1 N N N ESSEX PROPERTY TRUST INC 549300TR2H2VEFX0NC60 ESSEX PROPERTY TRUST INC 297178105 222000.00000000 NS USD 49337280.00000000 1.674353603199 Long EC CORP US N 1 N N N SBA COMMUNICATIONS CORP 5299001HX8ZN8Y8QIT49 SBA COMMUNICATIONS CORP 78410G104 760083.00000000 NS USD 205146401.70000000 6.962029866053 Long EC CORP US N 1 N N N DIAMONDROCK HOSPITALITY CO 529900KKD4BPVBUAQ734 DIAMONDROCK HOSPITALITY CO 252784301 3966900.00000000 NS USD 37050846.00000000 1.257390304080 Long EC CORP US N 1 N N N REGENCY CENTERS CORP(REIT) 529900053A7X7FJ97S58 REGENCY CENTERS CORP REIT 758849103 901800.00000000 NS USD 54567918.00000000 1.851865164078 Long EC CORP US N 1 N N N PROLOGIS INC 529900DFH19P073LZ636 PROLOGIS INC REIT 74340W103 2647015.00000000 NS USD 293156911.25000000 9.948832417481 Long EC CORP US N 1 N N N LAMAR ADVERTISING CO 529900Y8WW4MKVPTB543 LAMAR ADVERTISING CO CL A 512816109 461500.00000000 NS USD 42564145.00000000 1.444494498842 Long EC CORP US N 1 N N N 2022-11-30 Stacie M. Smith Stacie M. Smith Stacie M. Smith President and Treasurer XXXX NPORT-EX 2 QTLY_303_20221031.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Real Estate Investment Portfolio
October 31, 2022
REA-NPRT1-1222
1.809107.119
Common Stocks - 99.0%
 
  
Shares
Value ($)
(000s)
 
Equity Real Estate Investment Trusts (REITs) - 95.9%
 
  
  
REITs - Apartments - 13.0%
  
  
  
American Homes 4 Rent Class A
 
1,749,900
55,892
Essex Property Trust, Inc.
 
222,000
49,337
Invitation Homes, Inc.
 
2,049,900
64,961
Mid-America Apartment Communities, Inc.
 
668,400
105,240
UDR, Inc.
 
2,662,841
105,875
 
  
  
381,305
REITs - Diversified - 31.1%
  
  
  
Apartment Income (REIT) Corp.
 
1,133,068
43,544
Crown Castle International Corp.
 
2,039,300
271,757
Digital Realty Trust, Inc.
 
1,208,300
121,132
Elme Communities (SBI)
 
1,225,800
23,401
Equinix, Inc.
 
266,600
151,013
Gaming & Leisure Properties
 
1,109,410
55,604
Lamar Advertising Co. Class A
 
461,500
42,564
SBA Communications Corp. Class A
 
760,083
205,146
 
  
  
914,161
REITs - Health Care - 8.3%
  
  
  
Ventas, Inc.
 
2,864,054
112,070
Welltower Op
 
2,158,140
131,733
 
  
  
243,803
REITs - Hotels - 5.9%
  
  
  
DiamondRock Hospitality Co.
 
3,966,900
37,051
Host Hotels & Resorts, Inc.
 
4,048,000
76,426
RLJ Lodging Trust
 
2,621,019
31,898
Ryman Hospitality Properties, Inc.
 
307,900
27,378
 
  
  
172,753
REITs - Management/Investment - 4.2%
  
  
  
American Assets Trust, Inc.
 
757,400
20,813
LXP Industrial Trust (REIT)
 
2,857,800
27,664
National Retail Properties, Inc.
 
1,818,500
76,432
 
  
  
124,909
REITs - Manufactured Homes - 5.1%
  
  
  
Equity Lifestyle Properties, Inc.
 
1,284,674
82,168
Sun Communities, Inc.
 
503,763
67,932
 
  
  
150,100
REITs - Office Property - 0.7%
  
  
  
Highwoods Properties, Inc. (SBI)
 
106,023
2,993
Piedmont Office Realty Trust, Inc. Class A
 
259,800
2,715
Veris Residential, Inc. (a)
  
978,400
15,488
 
  
  
21,196
REITs - Shopping Centers - 6.0%
  
  
  
Kimco Realty Corp.
 
3,107,890
66,447
Phillips Edison & Co., Inc. (b)
  
1,275,800
38,453
Regency Centers Corp.
 
901,800
54,568
Urban Edge Properties
 
1,276,700
18,027
 
  
  
177,495
REITs - Single Tenant - 2.4%
  
  
  
Four Corners Property Trust, Inc.
 
747,200
19,143
Spirit Realty Capital, Inc.
 
1,346,200
52,273
 
  
  
71,416
REITs - Storage - 9.3%
  
  
  
CubeSmart
 
2,477,400
103,729
Extra Space Storage, Inc.
 
644,940
114,438
Iron Mountain, Inc.
 
1,105,300
55,342
 
  
  
273,509
REITs - Warehouse/Industrial - 9.9%
  
  
  
Prologis (REIT), Inc.
 
2,642,015
292,602
TOTAL EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS)
  
  
2,823,249
Real Estate Management & Development - 3.1%
 
  
  
Real Estate Services - 3.1%
  
  
  
CBRE Group, Inc. (a)
  
1,300,200
92,236
 
TOTAL COMMON STOCKS
 (Cost $2,307,135)
  
  
  
2,915,485
 
  
  
  
Money Market Funds - 2.1%
 
  
Shares
Value ($)
(000s)
 
Fidelity Cash Central Fund 3.10% (c)
  
28,362,414
28,368
Fidelity Securities Lending Cash Central Fund 3.10% (c)(d)
  
33,972,462
33,976
 
TOTAL MONEY MARKET FUNDS
 (Cost $62,344)
  
  
62,344
 
  
  
  
 
TOTAL INVESTMENT IN SECURITIES - 101.1%
 (Cost $2,369,479)
 
  
 
2,977,829
NET OTHER ASSETS (LIABILITIES) - (1.1)%  
(33,095)
NET ASSETS - 100.0%
2,944,734
 
  
 
Any values shown as $0 in the Schedule of Investments may reflect amounts less than $500.
 
Legend
 
(a)
Non-income producing
 
(b)
Security or a portion of the security is on loan at period end.
 
(c)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
 
(d)
Investment made with cash collateral received from securities on loan.
 
 
 
 
Affiliated Central Funds
 
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
 
 
Affiliate (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 3.10%
44,732
764,747
781,111
382
-
-
28,368
0.1%
Fidelity Securities Lending Cash Central Fund 3.10%
66,732
64,359
97,115
15
-
-
33,976
0.1%
Total
111,464
829,106
878,226
397
-
-
62,344
  
 
  
  
  
  
  
  
  
  
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.
 
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.
 
Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.