N-Q 1 Main.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-3583

Fidelity Mt. Vernon Street Trust
(Exact name of registrant as specified in charter)

245 Summer St., Boston, Massachusetts 02210
(Address of principal executive offices) (Zip code)

Scott C. Goebel, Secretary

245 Summer St.

Boston, Massachusetts 02210
(Name and address of agent for service)

Registrant's telephone number, including area code: 617-563-7000

Date of fiscal year end:	November 30

Date of reporting period:	August 31, 2014

Item 1. Schedule of Investments

Quarterly Holdings Report

for

Fidelity ® Growth Company Fund

August 31, 2014

1.805820.110

GCF-QTLY-1014

Investments August 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.6%
	Shares		Value (000s)
CONSUMER DISCRETIONARY - 13.8%
Auto Components - 0.1%
Johnson Controls, Inc.	647,100		$ 31,585
Mobileye NV (a)	195,800		8,462
			40,047
Automobiles - 0.4%
Tesla Motors, Inc. (a)(d)	553,900		149,387
Hotels, Restaurants & Leisure - 3.6%
Buffalo Wild Wings, Inc. (a)(e)	1,135,800		167,814
China Lodging Group Ltd. ADR (a)	363,700		9,460
Chipotle Mexican Grill, Inc. (a)	306,100		207,735
Chuy's Holdings, Inc. (a)(e)	1,414,342		37,197
Domino's Pizza, Inc.	27,700		2,090
Dunkin' Brands Group, Inc.	2,178,440		94,849
Home Inns & Hotels Management, Inc. sponsored ADR (a)	2,688,222		89,948
Hyatt Hotels Corp. Class A (a)	901,640		55,081
Las Vegas Sands Corp.	1,042,100		69,310
McDonald's Corp.	2,022,600		189,558
Multimedia Games Holding Co., Inc. (a)	657,480		18,285
Panera Bread Co. Class A (a)	128,900		19,327
Starbucks Corp.	3,941,500		306,688
Starwood Hotels & Resorts Worldwide, Inc.	1,868,100		157,929
Yum! Brands, Inc.	1,520,300		110,115
			1,535,386
Household Durables - 0.1%
Lennar Corp. Class A	465,477		18,237
Tempur Sealy International, Inc. (a)	438,100		25,638
			43,875
Internet & Catalog Retail - 2.6%
Amazon.com, Inc. (a)	1,697,201		575,419
Ctrip.com International Ltd. sponsored ADR (a)	669,100		42,936
JD.com, Inc. sponsored ADR (d)	294,800		9,410
Netflix, Inc. (a)	175,200		83,683
priceline.com, Inc. (a)	250,768		312,033
Qunar Cayman Islands Ltd. sponsored ADR	215,500		6,469
The Honest Co., Inc. (g)	39,835		1,078
TripAdvisor, Inc. (a)	233,300		23,118
Vipshop Holdings Ltd. ADR (a)(d)	219,500		43,160
			1,097,306
Media - 1.4%
CBS Corp. Class B	95,100		5,638
Common Stocks - continued
	Shares		Value (000s)
CONSUMER DISCRETIONARY - continued
Media - continued
Comcast Corp. Class A	7,578,600		$ 414,777
Lions Gate Entertainment Corp. (d)	344,692		11,171
The Walt Disney Co.	1,211,600		108,899
Twenty-First Century Fox, Inc. Class A	1,496,600		53,010
			593,495
Multiline Retail - 0.4%
Dollar General Corp. (a)	328,300		21,008
Dollar Tree, Inc. (a)	789,600		42,342
Nordstrom, Inc.	543,700		37,651
Ryohin Keikaku Co. Ltd.	84,100		9,441
Target Corp.	749,289		45,010
			155,452
Specialty Retail - 2.0%
AutoNation, Inc. (a)	645,400		35,013
Bed Bath & Beyond, Inc. (a)	393,600		25,293
CarMax, Inc. (a)	1,803,121		94,484
Five Below, Inc. (a)(d)	1,901,016		77,105
Home Depot, Inc.	3,770,700		352,560
L Brands, Inc.	910,800		58,155
Lumber Liquidators Holdings, Inc. (a)(d)(e)	1,873,867		107,223
Restoration Hardware Holdings, Inc. (a)	869,700		72,942
Tiffany & Co., Inc.	158,000		15,949
Urban Outfitters, Inc. (a)	397,700		15,824
			854,548
Textiles, Apparel & Luxury Goods - 3.2%
Fossil Group, Inc. (a)	215,100		21,787
Kate Spade & Co. (a)(e)	8,263,715		267,249
lululemon athletica, Inc. (a)(d)(e)	8,961,210		357,821
Michael Kors Holdings Ltd. (a)	979,422		78,471
NIKE, Inc. Class B	3,028,400		237,881
Prada SpA	3,005,700		21,311
Skechers U.S.A., Inc. Class A (sub. vtg.) (a)	3,437,936		200,672
Tory Burch LLC (a)(f)(g)	324,840		23,111
Under Armour, Inc. Class A (sub. vtg.) (a)	902,500		61,695
VF Corp.	898,400		57,605
			1,327,603
TOTAL CONSUMER DISCRETIONARY			5,797,099
Common Stocks - continued
	Shares		Value (000s)
CONSUMER STAPLES - 9.8%
Beverages - 2.5%
Dr. Pepper Snapple Group, Inc.	444,100		$ 27,943
Monster Beverage Corp. (a)	4,301,006		380,252
PepsiCo, Inc.	2,399,440		221,924
The Coca-Cola Co.	9,451,600		394,321
			1,024,440
Food & Staples Retailing - 1.1%
Costco Wholesale Corp.	1,507,200		182,492
CVS Caremark Corp.	855,100		67,938
Drogasil SA	2,902,573		28,267
Kroger Co.	1,327,225		67,662
Sprouts Farmers Market LLC	1,124,000		34,777
Walgreen Co.	772,700		46,764
Whole Foods Market, Inc.	1,061,000		41,528
			469,428
Food Products - 3.6%
Archer Daniels Midland Co.	3,581,500		178,574
Associated British Foods PLC	1,286,100		61,128
Bunge Ltd.	2,168,300		183,547
Campbell Soup Co.	256,200		11,483
General Mills, Inc.	783,200		41,807
Kellogg Co.	677,500		44,017
Keurig Green Mountain, Inc.	4,580,353		610,653
Kraft Foods Group, Inc.	361,100		21,269
Mead Johnson Nutrition Co. Class A	2,155,200		206,037
Mondelez International, Inc.	375,700		13,597
The Hain Celestial Group, Inc. (a)	94,800		9,325
The Hershey Co.	572,000		52,292
Tyson Foods, Inc. Class A	1,313,100		49,977
Want Want China Holdings Ltd.	18,065,000		22,400
			1,506,106
Household Products - 0.7%
Church & Dwight Co., Inc.	480,700		32,803
Colgate-Palmolive Co.	1,726,700		111,769
Kimberly-Clark Corp.	451,600		48,773
Procter & Gamble Co.	1,365,983		113,527
			306,872
Common Stocks - continued
	Shares		Value (000s)
CONSUMER STAPLES - continued
Personal Products - 0.6%
Herbalife Ltd.	4,526,510		$ 230,761
Nu Skin Enterprises, Inc. Class A	327,600		14,650
			245,411
Tobacco - 1.3%
Altria Group, Inc.	4,317,580		186,001
Japan Tobacco, Inc.	640,000		21,923
Lorillard, Inc.	2,284,400		136,379
Philip Morris International, Inc.	2,373,880		203,157
			547,460
TOTAL CONSUMER STAPLES			4,099,717
ENERGY - 6.0%
Energy Equipment & Services - 1.4%
Carbo Ceramics, Inc. (d)	99,400		10,694
FMC Technologies, Inc. (a)	1,234,000		76,311
Halliburton Co.	2,808,800		189,903
Schlumberger Ltd.	2,719,697		298,188
			575,096
Oil, Gas & Consumable Fuels - 4.6%
Anadarko Petroleum Corp.	1,549,094		174,567
Cabot Oil & Gas Corp.	1,605,400		53,845
Cheniere Energy, Inc. (a)	55,500		4,454
Chesapeake Energy Corp.	1,791,400		48,726
Concho Resources, Inc. (a)	1,457,700		207,052
Continental Resources, Inc. (a)(d)	2,042,050		329,362
Devon Energy Corp.	617,700		46,587
EOG Resources, Inc.	2,219,500		243,879
Golar LNG Ltd.	400,900		25,257
Hess Corp.	844,700		85,399
Kosmos Energy Ltd. (a)	175,700		1,761
Noble Energy, Inc.	1,516,811		109,423
Occidental Petroleum Corp.	627,200		65,059
PDC Energy, Inc. (a)	1,095,200		65,811
Pioneer Natural Resources Co.	1,714,707		357,774
Range Resources Corp.	437,089		34,351
Southwestern Energy Co. (a)	441,800		18,193
Common Stocks - continued
	Shares		Value (000s)
ENERGY - continued
Oil, Gas & Consumable Fuels - continued
Valero Energy Corp.	1,301,300		$ 70,452
Whiting Petroleum Corp. (a)	196,400		18,198
			1,960,150
TOTAL ENERGY			2,535,246
FINANCIALS - 3.4%
Banks - 1.0%
Bank of America Corp.	2,126,600		34,217
Citigroup, Inc.	470,180		24,285
HDFC Bank Ltd. sponsored ADR	1,966,000		97,691
JPMorgan Chase & Co.	1,375,600		81,779
PrivateBancorp, Inc.	3,656,126		107,892
Signature Bank (a)	426,085		50,474
Wells Fargo & Co.	608,100		31,281
			427,619
Capital Markets - 1.5%
BlackRock, Inc. Class A	585,900		193,658
Charles Schwab Corp.	6,893,775		196,542
Evercore Partners, Inc. Class A	479,500		24,565
Franklin Resources, Inc.	94,800		5,358
ICG Group, Inc. (a)(e)	3,870,687		67,156
Morgan Stanley	2,246,400		77,074
T. Rowe Price Group, Inc.	642,300		52,023
			616,376
Consumer Finance - 0.6%
American Express Co.	1,286,248		115,184
Discover Financial Services	2,425,244		151,262
			266,446
Diversified Financial Services - 0.1%
BM&F BOVESPA SA	7,902,597		47,659
Real Estate Investment Trusts - 0.1%
American Tower Corp.	298,500		29,432
Real Estate Management & Development - 0.1%
The St. Joe Co. (a)(d)	1,989,635		43,095
TOTAL FINANCIALS			1,430,627
Common Stocks - continued
	Shares		Value (000s)
HEALTH CARE - 20.7%
Biotechnology - 15.1%
ACADIA Pharmaceuticals, Inc. (a)(e)	5,724,502		$ 137,274
Agios Pharmaceuticals, Inc. (a)(d)	1,460,280		67,494
Alexion Pharmaceuticals, Inc. (a)	3,427,360		580,218
Alkermes PLC (a)(e)	10,838,660		484,813
Alnylam Pharmaceuticals, Inc. (a)(e)	5,148,491		358,695
Amgen, Inc.	2,644,200		368,549
Array BioPharma, Inc. (a)(d)	2,561,370		10,117
Avalanche Biotechnologies, Inc. (a)	754,377		22,352
Biogen Idec, Inc. (a)	1,101,700		377,927
Bluebird Bio, Inc. (a)(d)(e)	2,141,747		85,691
Celgene Corp. (a)	1,938,088		184,157
Celldex Therapeutics, Inc. (a)	2,175,713		34,616
Cepheid, Inc. (a)	2,012,555		80,563
Chimerix, Inc. (a)(e)	2,248,600		57,429
Clovis Oncology, Inc. (a)	1,452,300		69,071
Concert Pharmaceuticals, Inc.	619,522		5,551
Dicerna Pharmaceuticals, Inc.	850,450		11,719
Eleven Biotherapeutics, Inc. (d)	641,100		7,103
Exelixis, Inc. (a)(d)(e)	14,157,387		58,612
Fate Therapeutics, Inc. (e)	1,531,987		8,150
Genocea Biosciences, Inc.	628,366		8,049
Gilead Sciences, Inc. (a)	7,981,800		858,682
ImmunoGen, Inc. (a)(d)(e)	5,066,220		59,883
Immunomedics, Inc. (a)(d)(e)	5,283,050		17,593
Infinity Pharmaceuticals, Inc. (a)	479,400		5,417
Intercept Pharmaceuticals, Inc. (a)	29,823		8,640
Intrexon Corp. (d)	707,775		14,354
Ironwood Pharmaceuticals, Inc. Class A (a)	6,775,620		87,677
Isis Pharmaceuticals, Inc. (a)(d)(e)	8,678,597		353,740
Kite Pharma, Inc. (d)	143,000		4,043
Lexicon Pharmaceuticals, Inc. (a)(d)(e)	38,430,427		58,414
Merrimack Pharmaceuticals, Inc. (a)(d)(e)	9,571,609		66,810
Momenta Pharmaceuticals, Inc. (a)	1,161,700		13,696
NPS Pharmaceuticals, Inc. (a)(e)	7,858,731		237,177
Prothena Corp. PLC (a)(e)	1,951,581		44,691
Regeneron Pharmaceuticals, Inc. (a)	2,556,123		895,972
Regulus Therapeutics, Inc. (a)(d)(e)	2,930,181		20,160
Rigel Pharmaceuticals, Inc. (a)(e)	5,145,017		13,377
Sage Therapeutics, Inc. (a)(e)	917,499		26,534
Sage Therapeutics, Inc. (e)	735,693		19,149
Common Stocks - continued
	Shares		Value (000s)
HEALTH CARE - continued
Biotechnology - continued
Seattle Genetics, Inc. (a)(d)(e)	8,620,443		$ 379,386
Synageva BioPharma Corp. (a)	417,200		30,109
Transition Therapeutics, Inc. (a)(e)	1,992,020		14,641
Ultragenyx Pharmaceutical, Inc.	517,600		27,619
uniQure B.V.	52,800		607
Versartis, Inc. (a)(d)	62,600		1,440
Versartis, Inc.	611,594		12,660
Vertex Pharmaceuticals, Inc. (a)	406,167		38,005
			6,328,626
Health Care Equipment & Supplies - 0.9%
Abbott Laboratories	762,600		32,212
Align Technology, Inc. (a)	282,556		15,388
Baxter International, Inc.	1,031,800		77,364
DexCom, Inc. (a)	383,300		16,942
Genmark Diagnostics, Inc. (a)(d)	2,037,853		21,907
Insulet Corp. (a)(e)	3,567,500		128,822
Intuitive Surgical, Inc. (a)	107,493		50,523
Novadaq Technologies, Inc. (a)	288,800		3,772
Roka Bioscience, Inc.	710,448		7,494
Roka Bioscience, Inc. (a)	143,800		1,685
St. Jude Medical, Inc.	542,200		35,563
			391,672
Health Care Providers & Services - 1.0%
Apollo Hospitals Enterprise Ltd.	720,000		13,957
Catamaran Corp. (a)	594,128		27,993
Community Health Systems, Inc. (a)	514,700		27,938
Express Scripts Holding Co. (a)	620,803		45,896
HCA Holdings, Inc. (a)	640,400		44,713
HealthEquity, Inc. (a)	101,400		1,965
McKesson Corp.	1,045,300		203,865
Phoenix Healthcare Group Ltd.	484,500		763
UnitedHealth Group, Inc.	612,100		53,057
			420,147
Health Care Technology - 0.7%
athenahealth, Inc. (a)(d)	900,100		130,010
Castlight Health, Inc.	2,070,648		22,195
Castlight Health, Inc. Class B (a)(d)	368,478		4,389
Cerner Corp. (a)	2,049,300		118,163
			274,757
Common Stocks - continued
	Shares		Value (000s)
HEALTH CARE - continued
Life Sciences Tools & Services - 0.3%
Illumina, Inc. (a)	606,238		$ 108,735
Pharmaceuticals - 2.7%
AbbVie, Inc.	1,551,900		85,789
Actavis PLC (a)	558,205		126,701
Allergan, Inc.	923,400		151,142
Auxilium Pharmaceuticals, Inc. (a)(d)	1,651,300		30,714
Bristol-Myers Squibb Co.	3,158,000		159,953
Catalent, Inc. (a)	971,800		20,894
Endocyte, Inc. (a)(d)(e)	3,523,415		25,932
Hospira, Inc. (a)	4,382,040		235,491
Intra-Cellular Therapies, Inc. (d)(e)	2,045,512		29,087
Jazz Pharmaceuticals PLC (a)	586,300		95,520
Johnson & Johnson	42,200		4,377
Mylan, Inc. (a)	1,236,100		60,074
Teva Pharmaceutical Industries Ltd. sponsored ADR	378,600		19,884
Valeant Pharmaceuticals International (Canada) (a)	920,961		107,893
			1,153,451
TOTAL HEALTH CARE			8,677,388
INDUSTRIALS - 7.8%
Aerospace & Defense - 1.3%
Honeywell International, Inc.	2,663,500		253,645
Lockheed Martin Corp.	810,900		141,097
The Boeing Co.	1,049,300		133,051
			527,793
Air Freight & Logistics - 0.5%
FedEx Corp.	135,400		20,023
United Parcel Service, Inc. Class B	1,531,900		149,100
XPO Logistics, Inc. (a)(d)	1,091,624		33,808
			202,931
Airlines - 2.3%
American Airlines Group, Inc.	1,311,700		51,038
Azul-Linhas Aereas Brasileiras warrants (g)	1,017,079		0
Delta Air Lines, Inc.	3,142,700		124,388
JetBlue Airways Corp. (a)(d)	12,244,323		149,748
Ryanair Holdings PLC sponsored ADR (a)	659,700		36,218
Southwest Airlines Co.	7,280,815		233,059
Common Stocks - continued
	Shares		Value (000s)
INDUSTRIALS - continued
Airlines - continued
Spirit Airlines, Inc. (a)	1,909,147		$ 134,385
United Continental Holdings, Inc. (a)	5,414,600		257,789
			986,625
Building Products - 0.0%
A.O. Smith Corp.	73,200		3,593
Construction & Engineering - 0.1%
Fluor Corp.	582,900		43,070
Electrical Equipment - 0.7%
Eaton Corp. PLC	730,400		50,989
Emerson Electric Co.	1,449,500		92,797
Enphase Energy, Inc. (a)	796,812		11,219
Lumenpulse, Inc. (a)	582,400		10,740
Rockwell Automation, Inc.	834,600		97,323
SolarCity Corp. (a)(d)	251,300		17,259
			280,327
Industrial Conglomerates - 0.9%
3M Co.	1,484,700		213,797
Danaher Corp.	1,965,100		150,546
			364,343
Machinery - 0.8%
Caterpillar, Inc.	961,000		104,816
Cummins, Inc.	838,800		121,718
Deere & Co.	511,000		42,970
Illinois Tool Works, Inc.	466,700		41,168
ITT Corp.	135,800		6,499
Xylem, Inc.	170,200		6,342
			323,513
Road & Rail - 1.2%
Hertz Global Holdings, Inc. (a)	101,800		3,008
Kansas City Southern	222,600		25,679
Union Pacific Corp.	4,738,700		498,843
			527,530
TOTAL INDUSTRIALS			3,259,725
INFORMATION TECHNOLOGY - 34.2%
Communications Equipment - 1.6%
Arista Networks, Inc.	87,000		7,295
Infinera Corp. (a)(e)	9,207,728		97,418
Common Stocks - continued
	Shares		Value (000s)
INFORMATION TECHNOLOGY - continued
Communications Equipment - continued
Palo Alto Networks, Inc. (a)	32,100		$ 2,728
QUALCOMM, Inc.	6,235,267		474,504
Ruckus Wireless, Inc. (a)	264,500		3,679
ViaSat, Inc. (a)(d)	1,393,429		79,342
			664,966
Electronic Equipment & Components - 0.1%
Corning, Inc.	774,200		16,150
Trimble Navigation Ltd. (a)	1,007,700		33,516
			49,666
Internet Software & Services - 8.8%
Akamai Technologies, Inc. (a)	1,317,100		79,579
Baidu.com, Inc. sponsored ADR (a)	142,800		30,633
Demandware, Inc. (a)	706,073		37,528
Dropbox, Inc. (a)(g)	1,105,082		21,108
eBay, Inc. (a)	2,497,300		138,600
Facebook, Inc. Class A (a)	13,650,701		1,021,345
Google, Inc.:
Class A (a)	1,718,478		1,000,773
Class C (a)	1,673,578		956,617
IAC/InterActiveCorp	149,300		10,390
LinkedIn Corp. (a)	264,200		59,643
Marketo, Inc. (a)(e)	2,360,600		69,118
MercadoLibre, Inc. (d)	210,200		24,160
NAVER Corp.	12,636		9,570
Opower, Inc.	265,720		4,156
Pandora Media, Inc. (a)	1,100,169		29,749
Qihoo 360 Technology Co. Ltd. ADR (a)(d)	192,600		16,916
Rackspace Hosting, Inc. (a)	2,952,379		102,152
Tencent Holdings Ltd.	1,926,700		31,359
Twitter, Inc.	363,900		18,104
Wix.com Ltd. (a)	1,374,300		22,621
Yahoo!, Inc. (a)	340,561		13,115
Yandex NV (a)	589,300		16,754
Yelp, Inc. (a)(d)	52,600		4,335
			3,718,325
IT Services - 3.1%
Cognizant Technology Solutions Corp. Class A (a)	1,382,532		63,223
IBM Corp.	1,460,300		280,816
MasterCard, Inc. Class A	4,154,900		314,983
QIWI PLC Class B sponsored ADR (d)	762,337		28,428
Common Stocks - continued
	Shares		Value (000s)
INFORMATION TECHNOLOGY - continued
IT Services - continued
VeriFone Systems, Inc. (a)(e)	6,305,100		$ 220,174
Visa, Inc. Class A	1,854,300		394,076
			1,301,700
Semiconductors & Semiconductor Equipment - 6.1%
Applied Micro Circuits Corp. (a)(e)	6,531,992		55,326
ASML Holding NV	228,093		21,924
Broadcom Corp. Class A	2,102,000		82,777
Cavium, Inc. (a)(e)	3,163,660		177,734
Cree, Inc. (a)(d)(e)	7,200,863		328,071
Cypress Semiconductor Corp.	5,683,240		62,800
First Solar, Inc. (a)(e)	5,207,863		362,884
Integrated Device Technology, Inc. (a)	847,400		13,940
Intel Corp.	428,200		14,953
KLA-Tencor Corp.	358,000		27,358
Marvell Technology Group Ltd.	1,346,610		18,731
MaxLinear, Inc. Class A (a)	1,131,303		10,487
Mellanox Technologies Ltd. (a)(d)	1,039,089		43,424
Micron Technology, Inc. (a)	417,400		13,607
NVIDIA Corp. (d)(e)	42,494,284		826,514
Rambus, Inc. (a)(e)	6,864,700		85,191
Samsung Electronics Co. Ltd.	9,759		11,875
Silicon Laboratories, Inc. (a)(e)	3,444,380		156,134
Skyworks Solutions, Inc.	294,331		16,677
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR	1,926,800		40,347
Texas Instruments, Inc.	3,071,100		147,966
Xilinx, Inc.	589,600		24,911
			2,543,631
Software - 8.7%
Activision Blizzard, Inc.	6,193,532		145,796
Adobe Systems, Inc. (a)	2,149,536		154,552
Autodesk, Inc. (a)	665,700		35,708
Citrix Systems, Inc. (a)	247,777		17,409
Electronic Arts, Inc. (a)	425,752		16,110
FireEye, Inc. (d)	257,401		8,015
Fleetmatics Group PLC (a)	343,000		11,257
Guidewire Software, Inc. (a)	1,175,800		53,558
Intuit, Inc.	501,100		41,681
Microsoft Corp.	11,192,917		508,494
Oracle Corp.	4,773,800		198,256
Red Hat, Inc. (a)	6,718,786		409,308
Common Stocks - continued
	Shares		Value (000s)
INFORMATION TECHNOLOGY - continued
Software - continued
salesforce.com, Inc. (a)	28,717,912		$ 1,696,941
ServiceNow, Inc. (a)	3,445,500		210,623
Splunk, Inc. (a)	1,447,000		78,066
Tableau Software, Inc. (a)	60,700		3,975
VMware, Inc. Class A (a)(d)	152,733		15,056
Zendesk, Inc. (d)	1,681,300		45,715
			3,650,520
Technology Hardware, Storage & Peripherals - 5.8%
Apple, Inc.	21,649,048		2,219,028
NetApp, Inc.	372,186		15,691
Nimble Storage, Inc. (d)	1,208,782		32,685
SanDisk Corp.	1,482,400		145,216
Stratasys Ltd. (a)(d)	334,599		40,138
			2,452,758
TOTAL INFORMATION TECHNOLOGY			14,381,566
MATERIALS - 2.5%
Chemicals - 1.8%
CF Industries Holdings, Inc.	302,685		77,993
E.I. du Pont de Nemours & Co.	1,063,500		70,308
Eastman Chemical Co.	579,100		47,758
Metabolix, Inc. (a)(d)	1,665,936		1,133
Monsanto Co.	3,881,771		448,927
Praxair, Inc.	291,100		38,294
The Dow Chemical Co.	821,200		43,975
The Mosaic Co.	391,700		18,708
			747,096
Construction Materials - 0.2%
CaesarStone Sdot-Yam Ltd.	1,288,027		66,990
Metals & Mining - 0.5%
Anglo American PLC (United Kingdom)	5,005,100		127,086
Barrick Gold Corp. (d)	476,700		8,764
Fortescue Metals Group Ltd.	9,386,953		36,558
Freeport-McMoRan Copper & Gold, Inc.	1,396,800		50,802
Nucor Corp.	140,300		7,621
			230,831
TOTAL MATERIALS			1,044,917
Common Stocks - continued
	Shares		Value (000s)
TELECOMMUNICATION SERVICES - 0.4%
Diversified Telecommunication Services - 0.3%
Level 3 Communications, Inc. (a)	52,400		$ 2,356
Verizon Communications, Inc.	2,847,000		141,838
			144,194
Wireless Telecommunication Services - 0.1%
T-Mobile U.S., Inc. (a)	1,190,300		35,804
TOTAL TELECOMMUNICATION SERVICES			179,998
TOTAL COMMON STOCKS (Cost $22,530,536)		41,406,283
Preferred Stocks - 1.1%

Convertible Preferred Stocks - 1.1%
CONSUMER DISCRETIONARY - 0.2%
Household Durables - 0.1%
Roku, Inc. 8.00% (a)(g)	17,901,305		24,167
Internet & Catalog Retail - 0.0%
The Honest Co., Inc. Series C (g)	92,950		2,515
Leisure Products - 0.1%
NJOY, Inc.:
Series C (a)(g)	1,506,412		25,498
Series D (g)	424,747		7,189
			32,687
Media - 0.0%
Turn, Inc. Series E (g)	984,774		7,484
TOTAL CONSUMER DISCRETIONARY			66,853
HEALTH CARE - 0.4%
Biotechnology - 0.3%
Ariosa Diagnostics (a)(g)	422,235		7,689
Ariosa Diagnostics Series B (a)(g)	26,588		484
Intarcia Therapeutics, Inc. (a)(g)	1,051,411		34,055
Intarcia Therapeutics, Inc. Series DD (g)	1,543,687		50,000
Juno Therapeutics, Inc. Series B, 8.00% (g)	6,776,557		18,500
			110,728
Life Sciences Tools & Services - 0.0%
Penumbra, Inc. (g)	1,128,787		14,437
Preferred Stocks - continued
	Shares		Value (000s)
Convertible Preferred Stocks - continued
HEALTH CARE - continued
Pharmaceuticals - 0.1%
aTyr Pharma, Inc. 8.00% (a)(g)	7,513,149		$ 19,001
Kolltan Pharmaceuticals, Inc. Series D (g)	7,940,644		7,941
			26,942
TOTAL HEALTH CARE			152,107
INDUSTRIALS - 0.1%
Airlines - 0.1%
Azul-Linhas Aereas Brasileiras Series B (g)	1,017,079		46,799
Commercial Services & Supplies - 0.0%
Domo, Inc. Series D (g)	2,990,903		13,728
TOTAL INDUSTRIALS			60,527
INFORMATION TECHNOLOGY - 0.4%
Internet Software & Services - 0.2%
New Relic, Inc. Series F (g)	400,974		10,550
Uber Technologies, Inc. 8.00% (g)	1,192,545		74,000
			84,550
IT Services - 0.1%
AppNexus, Inc. Series E (g)	923,523		18,500
Nutanix, Inc. Series E (g)	1,151,309		15,424
			33,924
Software - 0.1%
Apptio, Inc. Series E, 8.00% (a)(g)	881,266		19,423
Cloudera, Inc. Series F (g)	529,285		8,029
MongoDB, Inc. Series F, 8.00% (g)	1,913,404		23,439
			50,891
Technology Hardware, Storage & Peripherals - 0.0%
Pure Storage, Inc.:
Series E (g)	1,004,190		13,165
Series F (g)	473,649		6,210
			19,375
TOTAL INFORMATION TECHNOLOGY			188,740
TOTAL CONVERTIBLE PREFERRED STOCKS			468,227
Preferred Stocks - continued
	Shares		Value (000s)
Nonconvertible Preferred Stocks - 0.0%
CONSUMER DISCRETIONARY - 0.0%
Textiles, Apparel & Luxury Goods - 0.0%
C. Wonder LLC Class A-1 (a)(f)(g)	619,048		$ 19,500
HEALTH CARE - 0.0%
Biotechnology - 0.0%
Moderna LLC Series D, 8.00% (g)	468,823		10,000
Pharmaceuticals - 0.0%
Equilibrate Asia Therapeutics Series D (a)(g)	7,960,663		130
Equilibrate Worldwide Therapeutics Series D (a)(g)	7,960,663		320
Neuropathic Worldwide Therapeutics Series D (a)(g)	7,960,663		60
Oculus Worldwide Therapeutics Series D (a)(g)	7,960,663		100
Orchestrate U.S. Therapeutics, Inc. Series D (a)(g)	7,960,663		140
Orchestrate Worldwide Therapeutics Series D (a)(g)	7,960,663		250
			1,000
TOTAL HEALTH CARE			11,000
TOTAL NONCONVERTIBLE PREFERRED STOCKS		30,500
TOTAL PREFERRED STOCKS (Cost $456,103)		498,727
Money Market Funds - 2.0%

Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c) (Cost $839,106)	839,106,099		839,106
TOTAL INVESTMENT PORTFOLIO - 101.7% (Cost $23,825,745)			42,744,116
NET OTHER ASSETS (LIABILITIES) - (1.7)%			(729,824)
NET ASSETS - 100%		$ 42,014,292

Legend

(a) Non-income producing

(b) 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) Security or a portion of the security is on loan at period end.

(e) Affiliated company

(f) Investment is owned by an entity that is treated as a corporation for U.S. tax purposes and is owned by the Fund.

(g) Restricted securities - 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 $544,024,000 or 1.3% of net assets.

Additional information on each restricted holding is as follows:

Security	Acquisition Date	Acquisition Cost (000s)
AppNexus, Inc. Series E	8/1/14	$ 18,500
Apptio, Inc. Series E, 8.00%	5/3/13	$ 20,000
Ariosa Diagnostics	11/30/11 - 3/1/13	$ 5,101
Ariosa Diagnostics Series B	3/1/13	$ 321
aTyr Pharma, Inc. 8.00%	4/8/13	$ 19,001
Azul-Linhas Aereas Brasileiras Series B	12/24/13	$ 43,140
Azul-Linhas Aereas Brasileiras warrants	12/24/13	$ 0
C. Wonder LLC	12/27/12 - 6/25/13	$ 19,559
Cloudera, Inc. Series F	2/5/14	$ 7,706
Domo, Inc. Series D	1/24/14	$ 12,362
Dropbox, Inc.	5/2/12	$ 10,000
Equilibrate Asia Therapeutics Series D	5/17/13	$ 130
Equilibrate Worldwide Therapeutics Series D	5/17/13	$ 320
Security	Acquisition Date	Acquisition Cost (000s)
Intarcia Therapeutics, Inc.	11/14/12	$ 14,331
Intarcia Therapeutics, Inc. Series DD	3/17/14	$ 50,000
Juno Therapeutics, Inc. Series B, 8.00%	8/1/14	$ 18,500
Kolltan Pharmaceuticals, Inc. Series D	3/13/14	$ 7,941
Moderna LLC Series D, 8.00%	11/6/13	$ 10,000
MongoDB, Inc. Series F, 8.00%	10/2/13	$ 32,000
Neuropathic Worldwide Therapeutics Series D	5/17/13	$ 60
New Relic, Inc. Series F	4/17/14	$ 11,602
NJOY, Inc. Series C	6/7/13	$ 12,176
NJOY, Inc. Series D	2/14/14	$ 7,189
Nutanix, Inc. Series E	8/26/14	$ 15,424
Oculus Worldwide Therapeutics Series D	5/17/13	$ 100
Orchestrate U.S. Therapeutics, Inc. Series D	5/17/13	$ 140
Orchestrate Worldwide Therapeutics Series D	5/17/13	$ 250
Penumbra, Inc.	5/16/14	$ 14,900
Pure Storage, Inc. Series E	8/22/13	$ 6,961
Security	Acquisition Date	Acquisition Cost (000s)
Pure Storage, Inc. Series F	4/17/14	$ 7,449
Roku, Inc. 8.00%	5/7/13 - 5/28/13	$ 16,212
The Honest Co., Inc.	8/21/14	$ 1,078
The Honest Co., Inc. Series C	8/21/14	$ 2,515
Tory Burch LLC	12/31/12	$ 17,765
Turn, Inc. Series E	12/30/13	$ 8,213
Uber Technologies, Inc. 8.00%	6/6/14	$ 74,000

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund	Income earned (Amounts in thousands)
Fidelity Cash Central Fund	$ 65
Fidelity Securities Lending Cash Central Fund	5,130
Total	$ 5,195

Other Affiliated Issuers

An affiliated company is a company in which the Fund has ownership of at least 5% of the voting securities. Fiscal year to date transactions with companies which are or were affiliates are as follows:

Affiliate (Amounts in thousands)	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
ACADIA Pharmaceuticals, Inc.	$ 126,711	$ 18,652	$ 9,766*	$ -	$ 137,274
Alkermes PLC	461,129	42,349	72,565*	-	484,813
Alnylam Pharmaceuticals, Inc.	267,636	85,901	49,448*	-	358,695
Applied Micro Circuits Corp.	75,923	14,571	9,881*	-	55,326
Bluebird Bio, Inc.	15,225	27,396	6,994*	-	85,691
Buffalo Wild Wings, Inc.	207,977	-	36,749*	-	167,814
Cavium, Inc.	95,096	42,046	16,383*	-	177,734
Chimerix, Inc.	28,304	10,795	5,803*	-	57,429
Chuy's Holdings, Inc.	48,767	10,397	8,627*	-	37,197
Clovis Oncology, Inc.	129,011	-	36,001*	-	-
Cree, Inc.	435,909	30,583	65,709*	-	328,071
Cypress Semiconductor Corp.	75,923	2,232	23,651*	-	-
Endocyte, Inc.	33,849	33,960	6,712*	-	25,932
Exelixis, Inc.	86,258	8,590	12,772*	-	58,612
Fate Therapeutics, Inc.	-	108	77*	-	8,150
First Solar, Inc.	-	355,506	11,508	-	362,884
Genmark Diagnostics, Inc.	21,502	6,343	3,955*	-	-
Herbalife Ltd.	491,900	-	154,875*	1,921	-
Home Inns & Hotels Management, Inc. sponsored ADR	92,155	32,131	15,313*	-	-
ICG Group, Inc.	53,700	25,075	9,570*	-	67,156
Affiliate (Amounts in thousands)	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
ImmunoGen, Inc.	$ 100,929	$ 1,226	$ 25,510*	$ -	$ 59,883
Immunomedics, Inc.	26,905	-	4,187*	-	17,593
Infinera Corp.	89,181	10,945	14,001*	-	97,418
Insulet Corp.	129,870	30,374	25,101*	-	128,822
Intra-Cellular Therapies, Inc.	6,347	19,596	742	-	29,087
Ironwood Pharmaceuticals, Inc. Class A	57,132	36,825	12,190*	-	-
Isis Pharmaceuticals, Inc.	364,073	29,372	56,306*	-	353,740
K12, Inc.	50,231	-	51,911*	-	-
Kate Spade & Co.	-	123,871	31,259*	-	267,249
Lexicon Pharmaceuticals, Inc.	101,884	3,711	10,341*	-	58,414
lululemon athletica, Inc.	713,512	7,587	65,069*	-	357,821
Lumber Liquidators Holdings, Inc.	227,898	-	34,300*	-	107,223
Marketo, Inc.	1,624	77,985	2,177*	-	69,118
Merrimack Pharmaceuticals, Inc.	34,238	5,442	1,447	-	66,810
Metabolix, Inc.	2,378	-	474*	-	-
NPS Pharmaceuticals, Inc.	223,552	18,641	38,065*	-	237,177
NVIDIA Corp.	712,918	77,163	127,634*	10,974	826,514
PrivateBancorp, Inc.	120,452	-	20,094*	123	-
Prothena Corp. PLC	49,476	9,298	7,538*	-	44,691
Questcor Pharmaceuticals, Inc.	200,784	-	260,315*	1,173	-
Rambus, Inc.	81,444	2,085	27,677*	-	85,191
Regulus Therapeutics, Inc.	21,331	-	3,965*	-	20,160
Rigel Pharmaceuticals, Inc.	17,567	65	4,855*	-	13,377
Sage Therapeutics, Inc.	-	23,197	-	-	26,534
Sage Therapeutics, Inc.	-	9,813	-	-	19,149
salesforce.com, Inc.	1,775,374	1,969	307,911*	-	-
Seattle Genetics, Inc.	404,948	5,121	61,503*	-	379,386
Silicon Laboratories, Inc.	143,012	19,337	30,959*	-	156,134
Affiliate (Amounts in thousands)	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
SodaStream International Ltd.	$ 98,537	$ -	$ 71,608*	$ -	$ -
Transition Therapeutics, Inc.	11,180	2,367	1,971*	-	14,641
VeriFone Systems, Inc.	-	225,827	9,832*	-	220,174
Total	$ 8,513,752	$ 1,488,452	$ 1,865,301	$ 14,191	$ 6,069,084

* Includes the value of securities delivered through in-kind transactions

Other Information

The following is a summary of the inputs used, as of August 31, 2014, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the tables below, please refer to the Investment Valuation section at the end of this listing.

Valuation Inputs at Reporting Date:
Description (Amounts in thousands)	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 5,883,452	$ 5,772,910	$ -	$ 110,542
Consumer Staples	4,099,717	4,099,717	-	-
Energy	2,535,246	2,535,246	-	-
Financials	1,430,627	1,430,627	-	-
Health Care	8,840,495	8,615,890	61,498	163,107
Industrials	3,320,252	3,259,725	-	60,527
Information Technology	14,570,306	14,329,099	31,359	209,848
Materials	1,044,917	917,831	127,086	-
Telecommunication Services	179,998	179,998	-	-
Money Market Funds	839,106	839,106	-	-
Total Investments in Securities:	$ 42,744,116	$ 41,980,149	$ 219,943	$ 544,024

Valuation Inputs at Reporting Date:

The following is a reconciliation of Investments in Securities for which Level 3 inputs were used in determining value:

(Amounts in thousands)
Investments in Securities:
Beginning Balance	$ 230,902
Net Realized Gain (Loss) on Investment Securities	17
Net Unrealized Gain (Loss) on Investment Securities	51,429
Cost of Purchases	300,680
Proceeds of Sales	(32,657)
Amortization/Accretion	-
Transfers into Level 3	-
Transfers out of Level 3	(6,347)
Ending Balance	$ 544,024
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at August 31, 2014	$ 52,573

The information used in the above reconciliation represents fiscal year to date activity for any Investments in Securities identified as using Level 3 inputs at either the beginning or the end of the current fiscal period. Transfers in or out of Level 3 represent the beginning value of any Security or Instrument where a change in the pricing level occurred from the beginning to the end of the period. The cost of purchases and the proceeds of sales may include securities received or delivered through corporate actions or exchanges.

Income Tax Information

At August 31, 2014, the cost of investment securities for income tax purposes was $23,851,112,000. Net unrealized appreciation aggregated $18,893,004,000, of which $19,637,264,000 related to appreciated investment securities and $744,260,000 related to depreciated investment securities.

Investment Valuation

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. In accordance with valuation policies and procedures approved by the Board of Trustees (the Board), the Fund attempts to obtain prices from one or more third party pricing vendors 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 Fidelity Management & Research Company (FMR) Fair Value Committee (the Committee), in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and is responsible for approving and reporting to the Board all fair value determinations. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - 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). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's 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 vendor 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 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. Utilizing these techniques may result in transfers between Level 1 and Level 2. 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. Equity securities, including restricted securities, for which observable inputs are not available, are valued using alternate valuation approaches, including the market approach and the income approach and are categorized as Level 3 in the hierarchy. The market approach generally consists of using comparable market transactions while the income approach generally consists of using the net present value of estimated future cash flows, adjusted as appropriate for liquidity, credit, market and/or other risk factors.

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.

The following provides information on Level 3 securities held by the Fund that were valued at period end based on unobservable inputs. These amounts exclude valuations provided by a broker.

Asset Type	Fair Value at 08/31/14 (000s)	Valuation Technique(s)	Unobservable Input	Amount or Range / Weighted Average	Impact to Valuation from an Increase in Input*
Common Stocks	$ 57,797	Last transaction price	Transaction price	$0.00 - $71.14 / $44.85	Increase
		Market comparable	EV/EBITDA multiple	11.1	Increase
		Net present value	Discount rate	20.0%	Decrease
Preferred Stocks	$ 486,227	Discounted cash flow	Discount rate	20.0%	Decrease
		Last transaction price	Transaction price	$1.00 - $62.05 / $31.62	Increase
		Market comparable	EV/Sales multiple	2.0 - 9.5 / 5.5	Increase
		Replacement cost	Put price	$103.00	Increase

* Represents the expected directional change in the fair value of the Level 3 investments that would result from an increase in the corresponding input. A decrease to the unobservable input would have the opposite effect. Significant changes in these inputs could result in significantly higher or lower fair value measurements.

For additional information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.

Quarterly Report

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.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Series Growth
Company Fund

August 31, 2014

1.968013.100

XS7-QTLY-1014

Investments August 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.4%
	Shares		Value
CONSUMER DISCRETIONARY - 14.0%
Auto Components - 0.1%
Johnson Controls, Inc.	156,822		$ 7,654,482
Mobileye NV (a)	46,400		2,005,408
			9,659,890
Automobiles - 0.4%
Tesla Motors, Inc. (a)	134,000		36,139,800
Hotels, Restaurants & Leisure - 3.7%
Buffalo Wild Wings, Inc. (a)	275,900		40,764,225
China Lodging Group Ltd. ADR (a)	88,100		2,291,481
Chipotle Mexican Grill, Inc. (a)	74,400		50,491,560
Chuy's Holdings, Inc. (a)	347,100		9,128,730
Domino's Pizza, Inc.	6,600		497,970
Dunkin' Brands Group, Inc.	535,300		23,306,962
Home Inns & Hotels Management, Inc. sponsored ADR (a)	656,678		21,972,446
Hyatt Hotels Corp. Class A (a)	220,100		13,445,909
Las Vegas Sands Corp.	256,500		17,059,815
McDonald's Corp.	488,900		45,819,708
Multimedia Games Holding Co., Inc. (a)	155,472		4,323,676
Panera Bread Co. Class A (a)	31,400		4,708,116
Starbucks Corp.	947,200		73,701,632
Starwood Hotels & Resorts Worldwide, Inc.	452,300		38,237,442
Yum! Brands, Inc.	371,900		26,936,717
			372,686,389
Household Durables - 0.1%
Lennar Corp. Class A	116,300		4,556,634
Tempur Sealy International, Inc. (a)	108,300		6,337,716
			10,894,350
Internet & Catalog Retail - 2.6%
Amazon.com, Inc. (a)	407,899		138,294,077
Ctrip.com International Ltd. sponsored ADR (a)	164,100		10,530,297
JD.com, Inc. sponsored ADR (d)	70,500		2,250,360
Netflix, Inc. (a)	42,700		20,395,228
priceline.com, Inc. (a)	60,200		74,907,462
Qunar Cayman Islands Ltd. sponsored ADR	51,500		1,546,030
The Honest Co., Inc. (e)	9,496		256,936
TripAdvisor, Inc. (a)	57,400		5,687,766
Vipshop Holdings Ltd. ADR (a)	53,500		10,519,705
			264,387,861
Media - 1.4%
CBS Corp. Class B	22,600		1,339,954
Common Stocks - continued
	Shares		Value
CONSUMER DISCRETIONARY - continued
Media - continued
Comcast Corp. Class A	1,828,400		$ 100,068,332
Lions Gate Entertainment Corp. (d)	165,000		5,347,650
The Walt Disney Co.	291,800		26,226,984
Twenty-First Century Fox, Inc. Class A	368,200		13,041,644
			146,024,564
Multiline Retail - 0.4%
Dollar General Corp. (a)	79,900		5,112,801
Dollar Tree, Inc. (a)	194,000		10,403,250
Nordstrom, Inc.	133,600		9,251,800
Ryohin Keikaku Co. Ltd.	20,100		2,256,408
Target Corp.	179,300		10,770,551
			37,794,810
Specialty Retail - 2.1%
AutoNation, Inc. (a)	158,600		8,604,050
Bed Bath & Beyond, Inc. (a)	98,500		6,329,610
CarMax, Inc. (a)	443,148		23,220,955
Five Below, Inc. (a)(d)	463,600		18,803,616
Home Depot, Inc.	902,100		84,346,350
L Brands, Inc.	224,000		14,302,400
Lumber Liquidators Holdings, Inc. (a)	453,200		25,932,104
Restoration Hardware Holdings, Inc. (a)	212,800		17,847,536
Tiffany & Co., Inc.	38,800		3,916,472
Urban Outfitters, Inc. (a)	97,600		3,883,504
			207,186,597
Textiles, Apparel & Luxury Goods - 3.2%
Fossil Group, Inc. (a)	53,667		5,435,930
Kate Spade & Co. (a)	2,030,934		65,680,406
lululemon athletica, Inc. (a)(d)	2,162,000		86,328,660
Michael Kors Holdings Ltd. (a)	242,151		19,401,138
NIKE, Inc. Class B	729,100		57,270,805
Prada SpA	741,300		5,256,022
Skechers U.S.A., Inc. Class A (sub. vtg.) (a)	835,400		48,762,298
Under Armour, Inc. Class A (sub. vtg.) (a)	222,200		15,189,592
VF Corp.	220,800		14,157,696
			317,482,547
TOTAL CONSUMER DISCRETIONARY			1,402,256,808
Common Stocks - continued
	Shares		Value
CONSUMER STAPLES - 9.9%
Beverages - 2.5%
Dr. Pepper Snapple Group, Inc.	109,100		$ 6,864,572
Monster Beverage Corp. (a)	1,054,500		93,228,345
PepsiCo, Inc.	577,400		53,403,726
The Coca-Cola Co.	2,292,600		95,647,272
			249,143,915
Food & Staples Retailing - 1.1%
Costco Wholesale Corp.	368,800		44,654,304
CVS Caremark Corp.	210,300		16,708,335
Drogasil SA	666,500		6,490,820
Kroger Co.	324,300		16,532,814
Sprouts Farmers Market LLC	273,800		8,471,372
Walgreen Co.	187,200		11,329,344
Whole Foods Market, Inc.	260,700		10,203,798
			114,390,787
Food Products - 3.6%
Archer Daniels Midland Co.	863,700		43,064,082
Associated British Foods PLC	312,200		14,838,895
Bunge Ltd.	520,700		44,077,255
Campbell Soup Co.	63,000		2,823,660
General Mills, Inc.	192,400		10,270,312
Kellogg Co.	166,400		10,811,008
Keurig Green Mountain, Inc.	1,098,796		146,491,483
Kraft Foods Group, Inc.	86,900		5,118,410
Mead Johnson Nutrition Co. Class A	522,200		49,922,320
Mondelez International, Inc.	100,900		3,651,571
The Hain Celestial Group, Inc. (a)	23,200		2,281,952
The Hershey Co.	140,600		12,853,652
Tyson Foods, Inc. Class A	320,200		12,186,812
Want Want China Holdings Ltd.	4,439,000		5,504,324
			363,895,736
Household Products - 0.8%
Church & Dwight Co., Inc.	118,200		8,065,968
Colgate-Palmolive Co.	424,300		27,464,939
Kimberly-Clark Corp.	111,000		11,988,000
Procter & Gamble Co.	332,100		27,600,831
			75,119,738
Common Stocks - continued
	Shares		Value
CONSUMER STAPLES - continued
Personal Products - 0.6%
Herbalife Ltd.	1,084,500		$ 55,287,810
Nu Skin Enterprises, Inc. Class A	80,500		3,599,960
			58,887,770
Tobacco - 1.3%
Altria Group, Inc.	1,047,100		45,109,068
Japan Tobacco, Inc.	157,300		5,388,219
Lorillard, Inc.	551,100		32,900,670
Philip Morris International, Inc.	567,800		48,592,324
			131,990,281
TOTAL CONSUMER STAPLES			993,428,227
ENERGY - 6.2%
Energy Equipment & Services - 1.4%
Carbo Ceramics, Inc. (d)	24,500		2,635,955
FMC Technologies, Inc. (a)	306,600		18,960,144
Halliburton Co.	677,400		45,799,014
Schlumberger Ltd.	653,179		71,614,546
			139,009,659
Oil, Gas & Consumable Fuels - 4.8%
Anadarko Petroleum Corp.	376,200		42,393,978
Cabot Oil & Gas Corp.	392,400		13,161,096
Cheniere Energy, Inc. (a)	13,100		1,051,406
Chesapeake Energy Corp.	438,394		11,924,317
Concho Resources, Inc. (a)	356,100		50,580,444
Continental Resources, Inc. (a)(d)	509,300		82,144,997
Devon Energy Corp.	151,800		11,448,756
EOG Resources, Inc.	533,500		58,620,980
Golar LNG Ltd.	97,700		6,155,100
Hess Corp.	209,800		21,210,780
Kosmos Energy Ltd. (a)	43,100		431,862
Noble Energy, Inc.	374,800		27,038,072
Occidental Petroleum Corp.	157,600		16,347,848
PDC Energy, Inc. (a)	270,038		16,226,583
Pioneer Natural Resources Co.	413,893		86,358,774
Range Resources Corp.	106,800		8,393,412
Southwestern Energy Co. (a)	105,900		4,360,962
Common Stocks - continued
	Shares		Value
ENERGY - continued
Oil, Gas & Consumable Fuels - continued
Valero Energy Corp.	326,200		$ 17,660,468
Whiting Petroleum Corp. (a)	49,000		4,540,340
			480,050,175
TOTAL ENERGY			619,059,834
FINANCIALS - 3.5%
Banks - 1.1%
Bank of America Corp.	528,500		8,503,565
Citigroup, Inc.	115,900		5,986,235
HDFC Bank Ltd. sponsored ADR	483,100		24,005,239
JPMorgan Chase & Co.	341,900		20,325,955
PrivateBancorp, Inc.	898,400		26,511,784
Signature Bank (a)	104,700		12,402,762
Wells Fargo & Co.	151,500		7,793,160
			105,528,700
Capital Markets - 1.5%
BlackRock, Inc. Class A	141,200		46,670,836
Charles Schwab Corp.	1,662,300		47,392,173
Evercore Partners, Inc. Class A	118,300		6,060,509
Franklin Resources, Inc.	23,300		1,316,916
ICG Group, Inc. (a)	939,618		16,302,372
Morgan Stanley	565,500		19,402,305
T. Rowe Price Group, Inc.	157,800		12,781,011
			149,926,122
Consumer Finance - 0.6%
American Express Co.	311,900		27,930,645
Discover Financial Services	585,658		36,527,489
			64,458,134
Diversified Financial Services - 0.1%
BM&F BOVESPA SA	2,233,000		13,466,830
Real Estate Investment Trusts - 0.1%
American Tower Corp.	72,500		7,148,500
Real Estate Management & Development - 0.1%
The St. Joe Co. (a)(d)	488,800		10,587,408
TOTAL FINANCIALS			351,115,694
Common Stocks - continued
	Shares		Value
HEALTH CARE - 20.4%
Biotechnology - 14.8%
ACADIA Pharmaceuticals, Inc. (a)	652,950		$ 15,657,741
Agios Pharmaceuticals, Inc. (a)	180,666		8,350,383
Alexion Pharmaceuticals, Inc. (a)	821,400		139,054,806
Alkermes PLC (a)	2,599,792		116,288,696
Alnylam Pharmaceuticals, Inc. (a)	1,226,826		85,472,967
Amgen, Inc.	634,500		88,436,610
Array BioPharma, Inc. (a)	629,400		2,486,130
Avalanche Biotechnologies, Inc. (a)	178,977		5,303,089
Biogen Idec, Inc. (a)	263,500		90,391,040
Bluebird Bio, Inc. (a)	505,450		20,223,055
Celgene Corp. (a)	475,900		45,220,018
Celldex Therapeutics, Inc. (a)	517,340		8,230,879
Cepheid, Inc. (a)	494,800		19,806,844
Chimerix, Inc. (a)	536,500		13,702,210
Clovis Oncology, Inc. (a)	347,400		16,522,344
Dicerna Pharmaceuticals, Inc.	197,728		2,724,692
Eleven Biotherapeutics, Inc.	149,112		1,652,161
Exelixis, Inc. (a)(d)	3,405,304		14,097,959
Fate Therapeutics, Inc.	3,900		20,748
Genocea Biosciences, Inc.	150,521		1,928,174
Gilead Sciences, Inc. (a)	1,906,900		205,144,302
ImmunoGen, Inc. (a)(d)	1,226,200		14,493,684
Immunomedics, Inc. (a)	1,298,100		4,322,673
Infinity Pharmaceuticals, Inc. (a)	117,800		1,331,140
Intercept Pharmaceuticals, Inc. (a)	7,000		2,028,040
Intrexon Corp. (d)	167,500		3,396,900
Ironwood Pharmaceuticals, Inc. Class A (a)	1,611,356		20,850,947
Isis Pharmaceuticals, Inc. (a)	2,088,785		85,138,877
Kite Pharma, Inc.	33,800		955,526
Lexicon Pharmaceuticals, Inc. (a)	9,261,015		14,076,743
Merrimack Pharmaceuticals, Inc. (a)(d)	2,048,366		14,297,595
Momenta Pharmaceuticals, Inc. (a)	285,500		3,366,045
NPS Pharmaceuticals, Inc. (a)	1,876,000		56,617,680
Prothena Corp. PLC (a)	466,900		10,692,010
Regeneron Pharmaceuticals, Inc. (a)	613,900		215,184,228
Regulus Therapeutics, Inc. (a)	703,400		4,839,392
Rigel Pharmaceuticals, Inc. (a)	1,242,600		3,230,760
Sage Therapeutics, Inc. (a)	216,600		6,264,072
Sage Therapeutics, Inc.	156,782		4,080,722
Seattle Genetics, Inc. (a)	2,079,042		91,498,638
Synageva BioPharma Corp. (a)	100,000		7,217,000
Common Stocks - continued
	Shares		Value
HEALTH CARE - continued
Biotechnology - continued
Transition Therapeutics, Inc. (a)	479,100		$ 3,521,387
Ultragenyx Pharmaceutical, Inc.	119,700		6,387,192
uniQure B.V.	12,400		142,600
Versartis, Inc. (a)	14,600		335,800
Versartis, Inc.	130,833		2,708,243
Vertex Pharmaceuticals, Inc. (a)	109,300		10,227,201
			1,487,919,943
Health Care Equipment & Supplies - 0.9%
Abbott Laboratories	187,400		7,915,776
Align Technology, Inc. (a)	70,234		3,824,944
Baxter International, Inc.	253,600		19,014,928
DexCom, Inc. (a)	93,400		4,128,280
Genmark Diagnostics, Inc. (a)(d)	489,000		5,256,750
Insulet Corp. (a)	861,700		31,115,987
Intuitive Surgical, Inc. (a)	26,107		12,270,551
Novadaq Technologies, Inc. (a)	67,600		882,856
Roka Bioscience, Inc. (a)	34,000		398,480
St. Jude Medical, Inc.	133,200		8,736,588
			93,545,140
Health Care Providers & Services - 1.0%
Catamaran Corp. (a)	147,700		6,959,138
Community Health Systems, Inc. (a)	125,000		6,785,000
Express Scripts Holding Co. (a)	152,600		11,281,718
HCA Holdings, Inc. (a)	155,600		10,863,992
HealthEquity, Inc. (a)	24,100		467,058
McKesson Corp.	254,300		49,596,129
Phoenix Healthcare Group Ltd.	118,500		186,541
UnitedHealth Group, Inc.	151,100		13,097,348
			99,236,924
Health Care Technology - 0.6%
athenahealth, Inc. (a)(d)	221,100		31,935,684
Castlight Health, Inc. Class B (a)(d)	82,305		980,253
Cerner Corp. (a)	497,000		28,657,020
			61,572,957
Life Sciences Tools & Services - 0.3%
Illumina, Inc. (a)	149,262		26,771,632
Pharmaceuticals - 2.8%
AbbVie, Inc.	380,700		21,045,096
Common Stocks - continued
	Shares		Value
HEALTH CARE - continued
Pharmaceuticals - continued
Actavis PLC (a)	134,895		$ 30,618,467
Allergan, Inc.	233,500		38,219,280
Auxilium Pharmaceuticals, Inc. (a)	412,800		7,678,080
Bristol-Myers Squibb Co.	761,000		38,544,650
Catalent, Inc. (a)	230,400		4,953,600
Endocyte, Inc. (a)(d)	868,900		6,395,104
Hospira, Inc. (a)	1,067,800		57,383,572
Intra-Cellular Therapies, Inc.	235,692		3,351,540
Jazz Pharmaceuticals PLC (a)	141,400		23,036,888
Johnson & Johnson	14,400		1,493,712
Mylan, Inc. (a)	302,700		14,711,220
Teva Pharmaceutical Industries Ltd. sponsored ADR	94,700		4,973,644
Valeant Pharmaceuticals International (Canada) (a)	223,600		26,195,317
			278,600,170
TOTAL HEALTH CARE			2,047,646,766
INDUSTRIALS - 7.8%
Aerospace & Defense - 1.3%
Honeywell International, Inc.	640,500		60,994,815
Lockheed Martin Corp.	197,400		34,347,600
The Boeing Co.	253,900		32,194,520
			127,536,935
Air Freight & Logistics - 0.5%
FedEx Corp.	32,900		4,865,252
United Parcel Service, Inc. Class B	369,700		35,982,901
XPO Logistics, Inc. (a)	268,470		8,314,516
			49,162,669
Airlines - 2.3%
American Airlines Group, Inc.	321,900		12,525,129
Delta Air Lines, Inc.	759,000		30,041,220
JetBlue Airways Corp. (a)	2,968,300		36,302,309
Ryanair Holdings PLC sponsored ADR (a)	162,100		8,899,290
Southwest Airlines Co.	1,754,400		56,158,344
Spirit Airlines, Inc. (a)	438,200		30,844,898
United Continental Holdings, Inc. (a)	1,301,400		61,959,654
			236,730,844
Building Products - 0.0%
A.O. Smith Corp.	17,600		863,808
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Construction & Engineering - 0.1%
Fluor Corp.	141,900		$ 10,484,991
Electrical Equipment - 0.7%
Eaton Corp. PLC	179,500		12,530,895
Emerson Electric Co.	356,200		22,803,924
Enphase Energy, Inc. (a)	184,330		2,595,366
Lumenpulse, Inc. (a)	138,700		2,557,652
Rockwell Automation, Inc.	205,000		23,905,050
SolarCity Corp. (a)	59,800		4,107,064
			68,499,951
Industrial Conglomerates - 0.9%
3M Co.	357,200		51,436,800
Danaher Corp.	472,000		36,159,920
			87,596,720
Machinery - 0.8%
Caterpillar, Inc.	233,100		25,424,217
Cummins, Inc.	204,200		29,631,462
Deere & Co.	125,600		10,561,704
Illinois Tool Works, Inc.	114,700		10,117,687
ITT Corp.	32,300		1,545,878
Xylem, Inc.	40,700		1,516,482
			78,797,430
Road & Rail - 1.2%
Hertz Global Holdings, Inc. (a)	25,000		738,750
Kansas City Southern	54,100		6,240,976
Union Pacific Corp.	1,135,700		119,555,139
			126,534,865
TOTAL INDUSTRIALS			786,208,213
INFORMATION TECHNOLOGY - 34.7%
Communications Equipment - 1.6%
Arista Networks, Inc.	20,900		1,752,465
Infinera Corp. (a)	2,307,700		24,415,466
Palo Alto Networks, Inc. (a)	7,900		671,421
QUALCOMM, Inc.	1,494,033		113,695,911
Ruckus Wireless, Inc. (a)	63,000		876,330
ViaSat, Inc. (a)(d)	338,500		19,274,190
			160,685,783
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Electronic Equipment & Components - 0.1%
Corning, Inc.	190,200		$ 3,967,572
Trimble Navigation Ltd. (a)	247,400		8,228,524
			12,196,096
Internet Software & Services - 9.1%
Akamai Technologies, Inc. (a)	319,300		19,292,106
Baidu.com, Inc. sponsored ADR (a)	127,700		27,394,204
Demandware, Inc. (a)	172,200		9,152,430
eBay, Inc. (a)	604,600		33,555,300
Facebook, Inc. Class A (a)	3,267,578		244,480,186
Google, Inc.:
Class A (a)	403,970		235,255,969
Class C (a)	428,370		244,856,292
IAC/InterActiveCorp	36,500		2,540,035
LinkedIn Corp. (a)	64,900		14,651,175
Marketo, Inc. (a)	539,575		15,798,756
MercadoLibre, Inc. (d)	51,700		5,942,398
NAVER Corp.	2,693		2,039,468
Opower, Inc.	67,200		1,051,008
Pandora Media, Inc. (a)	270,400		7,311,616
Qihoo 360 Technology Co. Ltd. ADR (a)(d)	46,800		4,110,444
Rackspace Hosting, Inc. (a)	691,300		23,918,980
Tencent Holdings Ltd.	472,900		7,696,867
Twitter, Inc.	86,700		4,313,325
Wix.com Ltd. (a)(d)	323,546		5,325,567
Yahoo!, Inc. (a)	84,632		3,259,178
Yandex NV (a)	144,800		4,116,664
Yelp, Inc. (a)(d)	12,900		1,063,218
			917,125,186
IT Services - 3.1%
Cognizant Technology Solutions Corp. Class A (a)	339,600		15,529,908
IBM Corp.	350,300		67,362,690
MasterCard, Inc. Class A	997,400		75,612,894
QIWI PLC Class B sponsored ADR (d)	187,300		6,984,417
VeriFone Systems, Inc. (a)	1,523,700		53,207,604
Visa, Inc. Class A	445,300		94,635,156
			313,332,669
Semiconductors & Semiconductor Equipment - 6.1%
Applied Micro Circuits Corp. (a)	1,553,870		13,161,279
ASML Holding NV	56,000		5,382,720
Broadcom Corp. Class A	517,900		20,394,902
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Semiconductors & Semiconductor Equipment - continued
Cavium, Inc. (a)	772,500		$ 43,399,050
Cree, Inc. (a)(d)	1,704,189		77,642,851
Cypress Semiconductor Corp.	1,395,900		15,424,695
First Solar, Inc. (a)	1,272,139		88,642,646
Integrated Device Technology, Inc. (a)	200,800		3,303,160
Intel Corp.	105,200		3,673,584
KLA-Tencor Corp.	88,000		6,724,960
Marvell Technology Group Ltd.	330,900		4,602,819
MaxLinear, Inc. Class A (a)	300,291		2,783,698
Mellanox Technologies Ltd. (a)(d)	254,900		10,652,271
Micron Technology, Inc. (a)	102,300		3,334,980
NVIDIA Corp.	10,101,100		196,466,395
Rambus, Inc. (a)	1,684,500		20,904,645
Samsung Electronics Co. Ltd.	4,482		5,453,888
Silicon Laboratories, Inc. (a)	830,500		37,646,565
Skyworks Solutions, Inc.	73,478		4,163,263
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR	473,500		9,915,090
Texas Instruments, Inc.	746,600		35,971,188
Xilinx, Inc.	144,900		6,122,025
			615,766,674
Software - 8.8%
Activision Blizzard, Inc.	1,490,200		35,079,308
Adobe Systems, Inc. (a)	516,900		37,165,110
Autodesk, Inc. (a)	162,200		8,700,408
Citrix Systems, Inc. (a)	60,900		4,278,834
Electronic Arts, Inc. (a)	103,600		3,920,224
FireEye, Inc. (d)	62,700		1,952,478
Fleetmatics Group PLC (a)	82,900		2,720,778
Guidewire Software, Inc. (a)	288,900		13,159,395
Intuit, Inc.	122,100		10,156,278
Microsoft Corp.	2,701,992		122,751,497
Oracle Corp.	1,147,000		47,634,910
Red Hat, Inc. (a)	1,608,600		97,995,912
salesforce.com, Inc. (a)	6,941,400		410,167,326
ServiceNow, Inc. (a)	828,400		50,640,092
Splunk, Inc. (a)	353,600		19,076,720
Tableau Software, Inc. (a)	14,900		975,801
VMware, Inc. Class A (a)(d)	37,500		3,696,750
Zendesk, Inc. (d)	407,300		11,074,487
			881,146,308
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Technology Hardware, Storage & Peripherals - 5.9%
Apple, Inc.	5,181,865		$ 531,141,162
NetApp, Inc.	91,400		3,853,424
Nimble Storage, Inc.	296,793		8,025,283
SanDisk Corp.	359,800		35,246,008
Stratasys Ltd. (a)(d)	82,494		9,895,980
			588,161,857
TOTAL INFORMATION TECHNOLOGY			3,488,414,573
MATERIALS - 2.5%
Chemicals - 1.8%
CF Industries Holdings, Inc.	74,400		19,170,648
E.I. du Pont de Nemours & Co.	263,900		17,446,429
Eastman Chemical Co.	142,300		11,735,481
Metabolix, Inc. (a)(d)	409,431		278,413
Monsanto Co.	944,991		109,288,209
Praxair, Inc.	70,800		9,313,740
The Dow Chemical Co.	201,800		10,806,390
The Mosaic Co.	95,200		4,546,752
			182,586,062
Construction Materials - 0.2%
CaesarStone Sdot-Yam Ltd.	311,500		16,201,115
Metals & Mining - 0.5%
Anglo American PLC (United Kingdom)	1,211,900		30,771,702
Barrick Gold Corp. (d)	113,500		2,086,696
Fortescue Metals Group Ltd. (d)	2,306,589		8,983,176
Freeport-McMoRan Copper & Gold, Inc.	339,500		12,347,615
Nucor Corp.	34,500		1,874,040
			56,063,229
TOTAL MATERIALS			254,850,406
TELECOMMUNICATION SERVICES - 0.4%
Diversified Telecommunication Services - 0.3%
Level 3 Communications, Inc. (a)	12,500		562,000
Verizon Communications, Inc.	687,200		34,236,304
			34,798,304
Common Stocks - continued
	Shares		Value
TELECOMMUNICATION SERVICES - continued
Wireless Telecommunication Services - 0.1%
T-Mobile U.S., Inc. (a)	295,300		$ 8,882,624
TOTAL TELECOMMUNICATION SERVICES			43,680,928
TOTAL COMMON STOCKS (Cost $8,672,376,685)		9,986,661,449
Convertible Preferred Stocks - 0.4%

CONSUMER DISCRETIONARY - 0.0%
Internet & Catalog Retail - 0.0%
The Honest Co., Inc. Series C (e)	22,157		599,509
Leisure Products - 0.0%
NJOY, Inc. Series D (e)	90,284		1,528,156
Media - 0.0%
Turn, Inc. Series E (e)	205,882		1,564,703
TOTAL CONSUMER DISCRETIONARY			3,692,368
HEALTH CARE - 0.1%
Biotechnology - 0.1%
Juno Therapeutics, Inc. Series B, 8.00% (e)	1,538,461		4,199,999
Life Sciences Tools & Services - 0.0%
Penumbra, Inc. (e)	257,576		3,294,397
Pharmaceuticals - 0.0%
Kolltan Pharmaceuticals, Inc. Series D (e)	1,692,030		1,692,030
TOTAL HEALTH CARE			9,186,426
INDUSTRIALS - 0.0%
Commercial Services & Supplies - 0.0%
Domo, Inc. Series D (e)	613,084		2,814,056
INFORMATION TECHNOLOGY - 0.3%
Internet Software & Services - 0.2%
New Relic, Inc. Series F (e)	90,450		2,379,740
Uber Technologies, Inc. 8.00% (e)	273,963		17,000,007
			19,379,747
Convertible Preferred Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
IT Services - 0.1%
AppNexus, Inc. Series E (e)	209,665		$ 4,200,051
Nutanix, Inc. Series E (e)	274,751		3,680,702
			7,880,753
Software - 0.0%
Cloudera, Inc. Series F (e)	113,172		1,716,819
Technology Hardware, Storage & Peripherals - 0.0%
Pure Storage, Inc. Series F (e)	106,895		1,401,393
TOTAL INFORMATION TECHNOLOGY			30,378,712
TOTAL CONVERTIBLE PREFERRED STOCKS (Cost $46,497,396)		46,071,562
Money Market Funds - 1.8%

Fidelity Cash Central Fund, 0.11% (b)	27,147,438		27,147,438
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	149,642,571		149,642,571
TOTAL MONEY MARKET FUNDS (Cost $176,790,009)		176,790,009
TOTAL INVESTMENT PORTFOLIO - 101.6% (Cost $8,895,664,090)			10,209,523,020
NET OTHER ASSETS (LIABILITIES) - (1.6)%			(165,418,248)
NET ASSETS - 100%		$ 10,044,104,772

Legend

(a) Non-income producing

(d) Security or a portion of the security is on loan at period end.

(e) Restricted securities - 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 $46,328,498 or 0.5% of net assets.

Additional information on each restricted holding is as follows:

Security	Acquisition Date	Acquisition Cost
AppNexus, Inc. Series E	8/1/14	$ 4,200,051
Cloudera, Inc. Series F	2/5/14	$ 1,647,784
Security	Acquisition Date	Acquisition Cost
Domo, Inc. Series D	1/24/14	$ 2,533,999
Juno Therapeutics, Inc. Series B, 8.00%	8/1/14	$ 4,199,999
Kolltan Pharmaceuticals, Inc. Series D	3/13/14	$ 1,692,030
New Relic, Inc. Series F	4/17/14	$ 2,617,080
NJOY, Inc. Series D	2/14/14	$ 1,528,156
Nutanix, Inc. Series E	8/26/14	$ 3,680,702
Penumbra, Inc.	5/16/14	$ 3,400,003
Pure Storage, Inc. Series F	4/17/14	$ 1,681,020
The Honest Co., Inc.	8/21/14	$ 256,936
The Honest Co., Inc. Series C	8/21/14	$ 599,509
Turn, Inc. Series E	12/30/13	$ 1,717,056
Uber Technologies, Inc. 8.00%	6/6/14	$ 17,000,007

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund	Income earned
Fidelity Cash Central Fund	$ 31,644
Fidelity Securities Lending Cash Central Fund	835,129
Total	$ 866,773

Other Information

The following is a summary of the inputs used, as of August 31, 2014, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section at the end of this listing.

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 1,405,949,176	$ 1,401,999,872	$ -	$ 3,949,304
Consumer Staples	993,428,227	993,428,227	-	-
Energy	619,059,834	619,059,834	-	-
Financials	351,115,694	351,115,694	-	-
Health Care	2,056,833,192	2,040,857,801	6,788,965	9,186,426
Industrials	789,022,269	786,208,213	-	2,814,056
Information Technology	3,518,793,285	3,480,717,706	7,696,867	30,378,712
Materials	254,850,406	224,078,704	30,771,702	-
Telecommunication Services	43,680,928	43,680,928	-	-
Money Market Funds	176,790,009	176,790,009	-	-
Total Investments in Securities:	$ 10,209,523,020	$ 10,117,936,988	$ 45,257,534	$ 46,328,498

Income Tax Information

At August 31, 2014, the cost of investment securities for income tax purposes was $8,897,057,148. Net unrealized appreciation aggregated $1,312,465,872, of which $1,575,265,503 related to appreciated investment securities and $262,799,631 related to depreciated investment securities.

Investment Valuation

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.

Quarterly 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.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Growth Strategies Fund

August 31, 2014

1.805759.110

FEG-QTLY-1014

Investments August 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.4%
	Shares		Value (000s)
CONSUMER DISCRETIONARY - 23.4%
Auto Components - 1.7%
Delphi Automotive PLC	336,000		$ 23,379
Tenneco, Inc. (a)	205,000		13,136
			36,515
Automobiles - 1.3%
Harley-Davidson, Inc.	432,900		27,515
Diversified Consumer Services - 1.0%
Service Corp. International	935,100		20,731
Hotels, Restaurants & Leisure - 4.9%
Bally Technologies, Inc. (a)	395,000		31,320
Brinker International, Inc.	114,300		5,589
Jack in the Box, Inc.	283,000		16,824
Melco Crown Entertainment Ltd. sponsored ADR	256,000		7,260
Penn National Gaming, Inc. (a)	936,394		10,572
Wyndham Worldwide Corp.	367,300		29,729
			101,294
Household Durables - 2.3%
Harman International Industries, Inc.	94,500		10,875
Jarden Corp. (a)	268,516		16,055
Tupperware Brands Corp.	275,000		20,147
			47,077
Internet & Catalog Retail - 1.6%
HomeAway, Inc. (a)	185,000		6,142
Liberty Interactive Corp. Series A (a)	535,000		15,793
TripAdvisor, Inc. (a)	115,000		11,395
			33,330
Media - 2.4%
DIRECTV (a)	214,000		18,500
Omnicom Group, Inc.	284,300		20,472
Time Warner Cable, Inc.	73,800		10,917
			49,889
Multiline Retail - 0.9%
Dollar Tree, Inc. (a)	333,000		17,857
Specialty Retail - 3.4%
Bed Bath & Beyond, Inc. (a)	228,400		14,677
GNC Holdings, Inc.	340,700		12,930
O'Reilly Automotive, Inc. (a)	201,500		31,430
Ross Stores, Inc.	155,500		11,728
			70,765
Common Stocks - continued
	Shares		Value (000s)
CONSUMER DISCRETIONARY - continued
Textiles, Apparel & Luxury Goods - 3.9%
Fossil Group, Inc. (a)	141,600		$ 14,343
Hanesbrands, Inc.	242,300		24,879
PVH Corp.	107,400		12,538
VF Corp.	447,700		28,707
			80,467
TOTAL CONSUMER DISCRETIONARY			485,440
CONSUMER STAPLES - 7.5%
Beverages - 1.1%
Brown-Forman Corp. Class B (non-vtg.)	60,808		5,634
Monster Beverage Corp. (a)	179,000		15,825
			21,459
Food & Staples Retailing - 2.1%
Kroger Co.	864,000		44,045
Food Products - 2.2%
Mead Johnson Nutrition Co. Class A	376,500		35,993
The Hershey Co.	104,400		9,544
			45,537
Personal Products - 0.5%
Herbalife Ltd.	206,500		10,527
Tobacco - 1.6%
Lorillard, Inc.	562,000		33,551
TOTAL CONSUMER STAPLES			155,119
ENERGY - 5.9%
Energy Equipment & Services - 3.6%
Cameron International Corp. (a)	257,300		19,125
Dril-Quip, Inc. (a)	177,200		17,980
National Oilwell Varco, Inc.	107,100		9,257
Oceaneering International, Inc.	229,900		15,992
Oil States International, Inc. (a)	121,700		7,856
Patterson-UTI Energy, Inc.	107,500		3,713
			73,923
Oil, Gas & Consumable Fuels - 2.3%
Cabot Oil & Gas Corp.	765,800		25,685
Noble Energy, Inc.	128,000		9,234
Common Stocks - continued
	Shares		Value (000s)
ENERGY - continued
Oil, Gas & Consumable Fuels - continued
Targa Resources Corp.	53,900		$ 7,522
World Fuel Services Corp.	138,100		6,129
			48,570
TOTAL ENERGY			122,493
FINANCIALS - 9.1%
Capital Markets - 3.9%
Affiliated Managers Group, Inc. (a)	147,800		31,208
Ameriprise Financial, Inc.	127,600		16,047
FXCM, Inc. Class A (d)	966,869		14,010
Invesco Ltd.	334,640		13,667
Lazard Ltd. Class A	98,100		5,362
			80,294
Consumer Finance - 0.7%
Springleaf Holdings, Inc.	469,100		15,612
Diversified Financial Services - 3.3%
IntercontinentalExchange Group, Inc.	163,200		30,845
McGraw Hill Financial, Inc.	462,000		37,482
			68,327
Real Estate Investment Trusts - 0.1%
Gaming & Leisure Properties	69,273		2,307
Real Estate Management & Development - 1.1%
Altisource Portfolio Solutions SA (a)(d)	41,800		4,177
CBRE Group, Inc. (a)	580,000		18,432
			22,609
TOTAL FINANCIALS			189,149
HEALTH CARE - 15.5%
Biotechnology - 0.7%
United Therapeutics Corp. (a)	127,400		15,012
Health Care Equipment & Supplies - 2.8%
Boston Scientific Corp. (a)	161,000		2,041
Covidien PLC	214,000		18,582
IDEXX Laboratories, Inc. (a)	47,100		5,839
The Cooper Companies, Inc.	127,500		20,786
Zimmer Holdings, Inc.	105,700		10,497
			57,745
Common Stocks - continued
	Shares		Value (000s)
HEALTH CARE - continued
Health Care Providers & Services - 4.5%
AmerisourceBergen Corp.	282,000		$ 21,824
Cardinal Health, Inc.	161,100		11,873
Cigna Corp.	33,000		3,122
DaVita HealthCare Partners, Inc. (a)	159,300		11,897
HCA Holdings, Inc. (a)	168,000		11,730
Henry Schein, Inc. (a)	94,000		11,251
MEDNAX, Inc. (a)	166,400		9,526
Universal Health Services, Inc. Class B	95,500		10,929
			92,152
Life Sciences Tools & Services - 2.0%
Agilent Technologies, Inc.	558,600		31,930
Mettler-Toledo International, Inc. (a)	34,100		9,223
			41,153
Pharmaceuticals - 5.5%
Actavis PLC (a)	153,500		34,841
Endo Health Solutions, Inc. (a)	122,000		7,773
Jazz Pharmaceuticals PLC (a)	178,200		29,032
Mylan, Inc. (a)	338,500		16,451
Salix Pharmaceuticals Ltd. (a)	168,800		26,858
			114,955
TOTAL HEALTH CARE			321,017
INDUSTRIALS - 15.9%
Aerospace & Defense - 3.0%
BE Aerospace, Inc. (a)	207,600		17,592
Meggitt PLC	2,450,000		19,182
TransDigm Group, Inc.	142,000		26,695
			63,469
Airlines - 2.7%
American Airlines Group, Inc.	356,300		13,864
Delta Air Lines, Inc.	592,000		23,431
United Continental Holdings, Inc. (a)	387,000		18,425
			55,720
Commercial Services & Supplies - 1.1%
KAR Auction Services, Inc.	423,400		12,770
Stericycle, Inc. (a)	87,500		10,399
			23,169
Common Stocks - continued
	Shares		Value (000s)
INDUSTRIALS - continued
Electrical Equipment - 3.4%
Acuity Brands, Inc.	93,800		$ 11,620
AMETEK, Inc.	489,000		25,888
Hubbell, Inc. Class B	110,900		13,408
Rockwell Automation, Inc.	174,481		20,346
			71,262
Industrial Conglomerates - 1.4%
Roper Industries, Inc.	195,000		29,359
Machinery - 2.7%
IDEX Corp.	166,000		12,772
Ingersoll-Rand PLC	166,400		10,017
Manitowoc Co., Inc.	4,000		118
Pentair Plc	65,000		4,425
Valmont Industries, Inc. (d)	81,100		11,415
Wabtec Corp.	199,900		16,664
			55,411
Road & Rail - 0.2%
Landstar System, Inc.	66,300		4,499
Trading Companies & Distributors - 1.4%
W.W. Grainger, Inc.	115,383		28,407
TOTAL INDUSTRIALS			331,296
INFORMATION TECHNOLOGY - 16.3%
Electronic Equipment & Components - 1.9%
Amphenol Corp. Class A	222,800		22,951
Ingram Micro, Inc. Class A (a)	373,000		10,754
Trimble Navigation Ltd. (a)	159,600		5,308
			39,013
Internet Software & Services - 1.4%
Akamai Technologies, Inc. (a)	162,000		9,788
VeriSign, Inc. (a)(d)	358,000		20,433
			30,221
IT Services - 6.1%
Alliance Data Systems Corp. (a)	85,100		22,521
Amdocs Ltd.	400,580		18,867
Fidelity National Information Services, Inc.	255,000		14,471
Fiserv, Inc. (a)	347,000		22,371
FleetCor Technologies, Inc. (a)	130,400		18,737
Common Stocks - continued
	Shares		Value (000s)
INFORMATION TECHNOLOGY - continued
IT Services - continued
Genpact Ltd. (a)	675,100		$ 11,747
Total System Services, Inc.	588,300		18,508
			127,222
Semiconductors & Semiconductor Equipment - 2.8%
Avago Technologies Ltd.	369,000		30,291
Cree, Inc. (a)	92,400		4,210
NXP Semiconductors NV (a)	108,600		7,441
Xilinx, Inc.	394,000		16,647
			58,589
Software - 3.0%
Adobe Systems, Inc. (a)	183,000		13,158
Check Point Software Technologies Ltd. (a)	183,000		12,997
Intuit, Inc.	355,000		29,529
salesforce.com, Inc. (a)	105,400		6,228
			61,912
Technology Hardware, Storage & Peripherals - 1.1%
SanDisk Corp.	228,000		22,335
TOTAL INFORMATION TECHNOLOGY			339,292
MATERIALS - 5.4%
Chemicals - 4.1%
Airgas, Inc.	33,100		3,654
Celanese Corp. Class A	315,000		19,700
Eastman Chemical Co.	275,900		22,753
FMC Corp.	289,200		19,128
The Scotts Miracle-Gro Co. Class A	120,500		6,956
W.R. Grace & Co. (a)	127,500		12,626
			84,817
Containers & Packaging - 1.1%
Ball Corp.	135,000		8,654
Packaging Corp. of America	218,000		14,822
			23,476
Metals & Mining - 0.2%
SunCoke Energy, Inc. (a)	163,800		3,933
TOTAL MATERIALS			112,226
Common Stocks - continued
	Shares		Value (000s)
TELECOMMUNICATION SERVICES - 0.1%
Diversified Telecommunication Services - 0.1%
Cogent Communications Group, Inc.	42,700		$ 1,480
UTILITIES - 0.3%
Independent Power and Renewable Electricity Producers - 0.3%
NextEra Energy Partners LP	191,600		6,727
TOTAL COMMON STOCKS (Cost $1,608,641)		2,064,239
Money Market Funds - 2.0%

Fidelity Cash Central Fund, 0.11% (b)	12,192,503		12,193
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	28,916,550		28,917
TOTAL MONEY MARKET FUNDS (Cost $41,110)		41,110
TOTAL INVESTMENT PORTFOLIO - 101.4% (Cost $1,649,751)			2,105,349
NET OTHER ASSETS (LIABILITIES) - (1.4)%			(29,832)
NET ASSETS - 100%		$ 2,075,517

Legend

(a) Non-income producing

(d) Security or a portion of the security is on loan at period end.

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund	Income earned (Amounts in thousands)
Fidelity Cash Central Fund	$ 12
Fidelity Securities Lending Cash Central Fund	24
Total	$ 36

Other Information

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, please refer to the Investment Valuation section at the end of this listing.

Income Tax Information

At August 31, 2014, the cost of investment securities for income tax purposes was $1,650,073,000. Net unrealized appreciation aggregated $455,276,000, of which $477,005,000 related to appreciated investment securities and $21,729,000 related to depreciated investment securities.

Investment Valuation

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.

Quarterly Report

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® New Millennium Fund®

August 31, 2014

1.805750.110

NMF-QTLY-1014

Investments August 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 90.8%
	Shares		Value (000s)
CONSUMER DISCRETIONARY - 11.5%
Auto Components - 0.6%
Johnson Controls, Inc.	251,000		$ 12,251
Tenneco, Inc. (a)	244,900		15,693
			27,944
Automobiles - 0.8%
Tesla Motors, Inc. (a)(d)	129,900		35,034
Distributors - 0.2%
Pool Corp.	172,300		9,763
Diversified Consumer Services - 0.2%
H&R Block, Inc.	325,000		10,897
Hotels, Restaurants & Leisure - 2.7%
ARAMARK Holdings Corp.	389,800		10,096
Domino's Pizza, Inc.	169,700		12,804
Fiesta Restaurant Group, Inc. (a)	140,900		6,917
Jubilant Foodworks Ltd. (a)	345,364		7,397
Starbucks Corp.	223,700		17,406
Whitbread PLC	165,451		12,055
Yum! Brands, Inc.	636,400		46,094
Zoe's Kitchen, Inc. (d)	260,300		7,593
			120,362
Household Durables - 0.4%
D.R. Horton, Inc.	423,800		9,188
Toll Brothers, Inc. (a)	304,413		10,834
			20,022
Internet & Catalog Retail - 0.2%
Rakuten, Inc.	639,000		8,267
Leisure Products - 0.2%
New Academy Holding Co. LLC unit (a)(e)(f)	66,000		8,615
Media - 3.6%
Comcast Corp. Class A	1,178,960		64,524
DIRECTV (a)	301,500		26,065
Legend Pictures LLC (a)(e)(f)	1,010		1,821
The Walt Disney Co.	546,800		49,146
Viacom, Inc. Class B (non-vtg.)	200,400		16,262
			157,818
Specialty Retail - 1.4%
Cabela's, Inc. Class A (a)(d)	254,300		15,517
Citi Trends, Inc. (a)	447,566		10,410
PT ACE Hardware Indonesia Tbk	99,865,000		7,987
Common Stocks - continued
	Shares		Value (000s)
CONSUMER DISCRETIONARY - continued
Specialty Retail - continued
Sally Beauty Holdings, Inc. (a)	346,400		$ 9,658
World Duty Free SpA (a)	1,484,196		17,025
			60,597
Textiles, Apparel & Luxury Goods - 1.2%
Brunello Cucinelli SpA (d)	811,000		20,247
Hanesbrands, Inc.	147,400		15,135
Hermes International SCA	44,800		15,414
			50,796
TOTAL CONSUMER DISCRETIONARY			510,115
CONSUMER STAPLES - 4.7%
Beverages - 0.4%
Constellation Brands, Inc. Class A (sub. vtg.) (a)	213,200		18,568
Food & Staples Retailing - 1.6%
CVS Caremark Corp.	452,600		35,959
Masan Consumer Corp. unit (a)(e)(f)	125,000		11,875
Walgreen Co.	375,000		22,695
			70,529
Food Products - 2.4%
Amira Nature Foods Ltd. (a)(d)	1,353,252		23,303
Associated British Foods PLC	266,700		12,676
Ingredion, Inc.	172,700		13,775
Mead Johnson Nutrition Co. Class A	334,300		31,959
The Hershey Co.	126,731		11,586
WhiteWave Foods Co. (a)	326,800		11,445
			104,744
Tobacco - 0.3%
Japan Tobacco, Inc.	446,300		15,288
TOTAL CONSUMER STAPLES			209,129
ENERGY - 10.1%
Energy Equipment & Services - 2.8%
Helmerich & Payne, Inc.	158,300		16,629
McDermott International, Inc. (a)(d)	1,109,300		7,987
Oceaneering International, Inc.	210,537		14,645
Common Stocks - continued
	Shares		Value (000s)
ENERGY - continued
Energy Equipment & Services - continued
Odfjell Drilling A/S	1,737,239		$ 8,213
Schlumberger Ltd.	706,200		77,428
			124,902
Oil, Gas & Consumable Fuels - 7.3%
Anadarko Petroleum Corp.	281,200		31,688
Antero Resources Corp.	316,100		18,286
Cabot Oil & Gas Corp.	546,000		18,313
Chevron Corp.	873,700		113,100
Cimarex Energy Co.	135,400		19,655
EOG Resources, Inc.	350,600		38,524
EQT Corp.	131,600		13,036
Memorial Resource Development Corp.	337,000		9,931
Southwestern Energy Co. (a)	277,900		11,444
Suncor Energy, Inc.	445,500		18,286
The Williams Companies, Inc.	500,600		29,756
			322,019
TOTAL ENERGY			446,921
FINANCIALS - 15.7%
Banks - 7.0%
Bank of America Corp.	3,842,600		61,827
Citigroup, Inc.	809,500		41,811
First Republic Bank	531,700		26,000
JPMorgan Chase & Co.	1,249,500		74,283
Standard Chartered PLC (United Kingdom)	588,309		11,847
Wells Fargo & Co.	1,768,000		90,946
			306,714
Capital Markets - 2.8%
Apollo Investment Corp.	1,113,299		9,764
Artisan Partners Asset Management, Inc.	173,980		9,652
Charles Schwab Corp.	739,900		21,095
KKR & Co. LP	1,192,104		28,003
Morgan Stanley	761,500		26,127
The Blackstone Group LP	899,200		30,150
			124,791
Consumer Finance - 0.7%
American Express Co.	328,800		29,444
Common Stocks - continued
	Shares		Value (000s)
FINANCIALS - continued
Insurance - 3.9%
AIA Group Ltd.	4,873,800		$ 26,601
American International Group, Inc.	1,269,100		71,146
Arch Capital Group Ltd. (a)	248,700		13,823
Fairfax Financial Holdings Ltd. (sub. vtg.)	29,200		13,455
MetLife, Inc.	575,400		31,497
The Chubb Corp.	172,700		15,880
			172,402
Real Estate Management & Development - 0.3%
Realogy Holdings Corp. (a)	354,300		14,445
Thrifts & Mortgage Finance - 1.0%
MGIC Investment Corp. (a)	1,967,300		16,584
Radian Group, Inc. (d)	2,028,423		29,534
			46,118
TOTAL FINANCIALS			693,914
HEALTH CARE - 14.3%
Biotechnology - 2.2%
Amgen, Inc.	254,380		35,455
Gilead Sciences, Inc. (a)	558,200		60,051
			95,506
Health Care Equipment & Supplies - 2.7%
Align Technology, Inc. (a)	255,483		13,914
Boston Scientific Corp. (a)	1,616,500		20,497
Edwards Lifesciences Corp. (a)	423,078		41,995
HeartWare International, Inc. (a)	270,050		21,901
The Cooper Companies, Inc.	118,841		19,375
			117,682
Health Care Providers & Services - 3.4%
Amplifon SpA	1,332,550		7,693
Capital Senior Living Corp. (a)	583,800		13,352
Community Health Systems, Inc. (a)	277,500		15,063
Corvel Corp. (a)	200,000		8,180
Henry Schein, Inc. (a)	109,500		13,106
Humana, Inc.	97,700		12,578
Qualicorp SA (a)	901,100		11,271
UnitedHealth Group, Inc.	617,000		53,482
Universal Health Services, Inc. Class B	128,900		14,751
			149,476
Common Stocks - continued
	Shares		Value (000s)
HEALTH CARE - continued
Life Sciences Tools & Services - 2.1%
Agilent Technologies, Inc.	307,100		$ 17,554
Eurofins Scientific SA	123,589		35,101
Illumina, Inc. (a)	225,700		40,482
			93,137
Pharmaceuticals - 3.9%
Astellas Pharma, Inc.	1,246,400		17,945
Impax Laboratories, Inc. (a)	237,800		5,859
Johnson & Johnson	975,100		101,147
Merck & Co., Inc.	654,200		39,324
Prestige Brands Holdings, Inc. (a)	300,000		10,383
			174,658
TOTAL HEALTH CARE			630,459
INDUSTRIALS - 11.7%
Aerospace & Defense - 3.0%
Esterline Technologies Corp. (a)	100,000		11,723
KEYW Holding Corp. (a)(d)	1,477,438		17,478
Precision Castparts Corp.	82,400		20,111
Teledyne Technologies, Inc. (a)	107,900		10,474
Textron, Inc.	426,800		16,218
TransDigm Group, Inc.	134,600		25,303
United Technologies Corp.	288,119		31,111
			132,418
Air Freight & Logistics - 1.1%
C.H. Robinson Worldwide, Inc.	153,500		10,478
Hub Group, Inc. Class A (a)	221,816		9,647
United Parcel Service, Inc. Class B	270,445		26,322
			46,447
Airlines - 0.2%
Copa Holdings SA Class A	72,400		8,904
Building Products - 0.2%
Tarkett SA	250,283		7,728
Commercial Services & Supplies - 0.7%
Interface, Inc.	874,900		14,900
KAR Auction Services, Inc.	275,000		8,294
U.S. Ecology, Inc.	132,756		5,674
			28,868
Common Stocks - continued
	Shares		Value (000s)
INDUSTRIALS - continued
Construction & Engineering - 0.3%
Jacobs Engineering Group, Inc. (a)	281,044		$ 15,151
Electrical Equipment - 1.2%
Eaton Corp. PLC	334,451		23,348
OSRAM Licht AG (a)	244,773		10,234
Rockwell Automation, Inc.	155,658		18,151
			51,733
Industrial Conglomerates - 2.4%
General Electric Co.	4,156,700		107,991
Machinery - 0.6%
GEA Group AG	208,166		9,417
Harmonic Drive Systems, Inc.	397,800		18,218
			27,635
Professional Services - 0.4%
Acacia Research Corp. (d)	507,108		9,021
Michael Page International PLC	1,339,211		10,132
			19,153
Road & Rail - 0.6%
Kansas City Southern	209,700		24,191
Trading Companies & Distributors - 1.0%
Rush Enterprises, Inc. Class A (a)	307,600		11,280
United Rentals, Inc. (a)	275,200		32,377
			43,657
TOTAL INDUSTRIALS			513,876
INFORMATION TECHNOLOGY - 18.8%
Communications Equipment - 1.6%
Brocade Communications Systems, Inc.	1,123,000		11,848
Juniper Networks, Inc.	414,500		9,612
QUALCOMM, Inc.	650,100		49,473
			70,933
Electronic Equipment & Components - 0.7%
Amphenol Corp. Class A	169,741		17,485
Trimble Navigation Ltd. (a)	363,363		12,085
			29,570
Internet Software & Services - 3.7%
Akamai Technologies, Inc. (a)	335,500		20,271
Cornerstone OnDemand, Inc. (a)	242,340		9,073
Common Stocks - continued
	Shares		Value (000s)
INFORMATION TECHNOLOGY - continued
Internet Software & Services - continued
Demandware, Inc. (a)	152,600		$ 8,111
Google, Inc.:
Class A (a)	81,700		47,579
Class C (a)	82,100		46,928
Shutterstock, Inc. (a)	117,940		8,350
Yahoo!, Inc. (a)	575,300		22,155
			162,467
IT Services - 5.2%
Cognizant Technology Solutions Corp. Class A (a)	345,200		15,786
Fidelity National Information Services, Inc.	397,900		22,581
Fiserv, Inc. (a)	200,700		12,939
IBM Corp.	448,600		86,266
Paychex, Inc.	408,800		17,027
Quindell PLC (d)	2,677,815		7,557
Total System Services, Inc.	568,500		17,885
Visa, Inc. Class A	225,000		47,817
			227,858
Semiconductors & Semiconductor Equipment - 1.5%
Applied Materials, Inc.	1,091,800		25,226
Broadcom Corp. Class A	577,600		22,746
GT Advanced Technologies, Inc. (a)(d)	542,610		9,664
SunEdison, Inc. (a)	424,484		9,351
			66,987
Software - 5.8%
Aspen Technology, Inc. (a)	288,900		11,871
Callidus Software, Inc. (a)	701,300		8,051
Citrix Systems, Inc. (a)	165,500		11,628
Concur Technologies, Inc. (a)(d)	151,467		15,204
Microsoft Corp.	2,672,900		121,433
NetSuite, Inc. (a)	137,200		12,024
Nuance Communications, Inc. (a)	659,100		11,211
Oracle Corp.	1,314,000		54,570
ServiceNow, Inc. (a)	164,100		10,031
Trion World Network, Inc.:
warrants 8/10/17 (a)(f)	28,652		0*
warrants 10/3/18 (a)(f)	41,940		0*
			256,023
Common Stocks - continued
	Shares		Value (000s)
INFORMATION TECHNOLOGY - continued
Technology Hardware, Storage & Peripherals - 0.3%
First Data Holdings, Inc. Class B (f)	3,375,102		$ 13,500
TOTAL INFORMATION TECHNOLOGY			827,338
MATERIALS - 2.1%
Chemicals - 1.9%
Eastman Chemical Co.	134,400		11,084
Ecolab, Inc.	188,900		21,689
Monsanto Co.	263,400		30,462
Praxair, Inc.	169,100		22,245
			85,480
Metals & Mining - 0.2%
Constellium NV (a)	294,600		8,390
TOTAL MATERIALS			93,870
TELECOMMUNICATION SERVICES - 1.9%
Diversified Telecommunication Services - 1.6%
Verizon Communications, Inc.	1,391,385		69,319
Wireless Telecommunication Services - 0.3%
Vodafone Group PLC sponsored ADR	385,036		13,222
TOTAL TELECOMMUNICATION SERVICES			82,541
TOTAL COMMON STOCKS (Cost $3,145,010)		4,008,163
Convertible Preferred Stocks - 0.2%

CONSUMER DISCRETIONARY - 0.2%
Household Durable - 0.2%
Wayfair LLC Series B 0.00% (e)(f)	202,148		7,391
Media - 0.0%
Glam Media, Inc. Series M-1, 8.00% (a)(f)	128,191		665
TOTAL CONSUMER DISCRETIONARY			8,056
INFORMATION TECHNOLOGY - 0.0%
Software - 0.0%
Trion World Network, Inc.:
8.00% (a)(f)	76,875		98
Convertible Preferred Stocks - continued
	Shares		Value (000s)
INFORMATION TECHNOLOGY - continued
Software - continued
Trion World Network, Inc.: - continued
Series C, 8.00% (a)(f)	910,747		$ 1,157
Series C-1, 8.00% (a)(f)	71,630		91
			1,346
TOTAL CONVERTIBLE PREFERRED STOCKS (Cost $13,819)		9,402

Convertible Bonds - 0.0%
	Principal Amount (000s)
INFORMATION TECHNOLOGY - 0.0%
Software - 0.0%
Trion World Network, Inc. 15% 10/10/15 pay-in-kind (f) (Cost $279)	$ 279	279

Money Market Funds - 11.1%
	Shares
Fidelity Cash Central Fund, 0.11% (b)	391,704,203		391,704
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	97,356,262		97,356
TOTAL MONEY MARKET FUNDS (Cost $489,060)		489,060
TOTAL INVESTMENT PORTFOLIO - 102.1% (Cost $3,648,168)			4,506,904
NET OTHER ASSETS (LIABILITIES) - (2.1)%			(92,698)
NET ASSETS - 100%		$ 4,414,206

Legend

(a) Non-income producing

(d) Security or a portion of the security is on loan at period end.

(e) Investment is owned by an entity that is treated as a corporation for U.S. tax purposes and is owned by the Fund.

(f) Restricted securities - 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 $45,492,000 or 1.0% of net assets.

Additional information on each restricted holding is as follows:

Security	Acquisition Date	Acquisition Cost (000s)
First Data Holdings, Inc. Class B	6/26/14	$ 13,500
Glam Media, Inc. Series M-1, 8.00%	3/19/08	$ 2,344
Security	Acquisition Date	Acquisition Cost (000s)
Legend Pictures LLC	9/23/10 - 12/18/12	$ 1,103
Masan Consumer Corp. unit	4/3/13	$ 12,620
New Academy Holding Co. LLC unit	8/1/11	$ 6,956
Trion World Network, Inc. warrants 8/10/17	8/10/10	$ 0*
Trion World Network, Inc. warrants 10/3/18	10/10/13	$ 0*
Trion World Network, Inc. 8.00%	3/20/13	$ 404
Trion World Network, Inc. Series C, 8.00%	8/22/08	$ 5,001
Trion World Network, Inc. Series C-1, 8.00%	8/10/10	$ 393
Trion World Network, Inc. 15% 10/10/15 pay-in-kind	10/10/13 - 4/10/14	$ 279
Wayfair LLC Series B	3/5/14	$ 5,302

* Amount represents less than $1,000

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund	Income earned (Amounts in thousands)
Fidelity Cash Central Fund	$ 210
Fidelity Securities Lending Cash Central Fund	1,720
Total	$ 1,930

Other Affiliated Issuers

Affiliate (Amounts in thousands)	Value, beginning of period	Purchases	Sales Proceeds	Income	Value, end of period
EQTY ER Holdings, LLC 12% 1/28/18	$ 4,520	$ -	$ 4,520	$ 820	$ -
EQTY ER Holdings, LLC	2,260	-	4,410	-	-
Total	$ 6,780	$ -	$ 8,930	$ 820	$ -

Other Information

The following is a summary of the inputs used, as of August 31, 2014, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section at the end of this listing.

Valuation Inputs at Reporting Date:
Description (Amounts in thousands)	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 518,171	$ 499,679	$ -	$ 18,492
Consumer Staples	209,129	197,254	-	11,875
Energy	446,921	446,921	-	-
Financials	693,914	693,914	-	-
Health Care	630,459	630,459	-	-
Industrials	513,876	513,876	-	-
Information Technology	828,684	813,838	-	14,846
Valuation Inputs at Reporting Date:
Description (Amounts in thousands)	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Materials	$ 93,870	$ 93,870	$ -	$ -
Telecommunication Services	82,541	82,541	-	-
Corporate Bonds	279	-	-	279
Money Market Funds	489,060	489,060	-	-
Total Investments in Securities:	$ 4,506,904	$ 4,461,412	$ -	$ 45,492

Valuation Inputs at Reporting Date:

The following is a reconciliation of Investments in Securities for which Level 3 inputs were used in determining value:

(Amounts in thousands)
Investments in Securities:
Beginning Balance	$ 34,897
Net Realized Gain (Loss) on Investment Securities	2,146
Net Unrealized Gain (Loss) on Investment Securities	(1,165)
Cost of Purchases	18,821
Proceeds of Sales	(9,207)
Amortization/Accretion	-
Transfers into Level 3	-
Transfers out of Level 3	-
Ending Balance	$ 45,492
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at August 31, 2014	$ (1,165)

Income Tax Information

At August 31, 2014, the cost of investment securities for income tax purposes was $3,652,835,000. Net unrealized appreciation aggregated $854,069,000, of which $930,599,000 related to appreciated investment securities and $76,530,000 related to depreciated investment securities.

Investment Valuation

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. In accordance with valuation policies and procedures approved by the Board of Trustees (the Board), the Fund attempts to obtain prices from one or more third party pricing vendors 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 Fidelity Management & Research Company (FMR) Fair Value Committee (the Committee), in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and is responsible for approving and reporting to the Board all fair value determinations. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - 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). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. Corporate bonds are valued by pricing vendors 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 vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.

The following provides information on Level 3 securities held by the Fund that were valued at period end based on unobservable inputs. These amounts exclude valuations provided by a broker.

Asset Type	Fair Value at 08/31/14 (000s)	Valuation Technique(s)	Unobservable Input	Amount or Range / Weighted Average	Impact to Valuation from an Increase in Input*
Common Stocks	$ 35,811	Last transaction price	Transaction price	$4.00	Increase
		Market comparable	Discount rate	15.0%	Decrease
			EV/EBITDA multiple	7.0 - 12.9 / 9.6	Increase
			Earnings per share multiple	14.0	Increase
Convertible Bond	$ 279	Last transaction price	Transaction price	$100.00	Increase
Convertible Preferred Stocks	$ 9,402	Liquidation scenario	Liquidation distribution	$5.19	Increase
		Market comparable	EV/EBITDA multiple	7.0	Increase
			EV/Sales multiple	1.3	Increase

Quarterly Report

or an affiliate.

Quarterly Report

Item 2. Controls and Procedures

(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Mt. Vernon Street Trust's (the "Trust") disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.

(a)(ii) There was no change in the Trust's internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the Trust's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Trust's internal control over financial reporting.

Item 3. Exhibits

Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Fidelity Mt. Vernon Street Trust

By:	/s/Kenneth B. Robins
	Kenneth B. Robins
	President and Treasurer

Date:	October 30, 2014

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:	/s/Kenneth B. Robins
	Kenneth B. Robins
	President and Treasurer

Date:	October 30, 2014

By:	/s/Howard J. Galligan III
	Howard J. Galligan III
	Chief Financial Officer

Date:	October 30, 2014