N-Q 1 mtv.htm Investments February 28, 2015 (Unaudited) Investments February 28, 2015 (Unaudited) Investments February 28, 2015 (Unaudited) Investments February 28, 2015 (Unaudited)

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:	February 28, 2015

Item 1. Schedule of Investments

Quarterly Holdings Report

for

Fidelity ® Growth Strategies Fund

February 28, 2015

1.797938.111

FEG-QTLY-0415

Investments February 28, 2015 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.4%
	Shares		Value (000s)
CONSUMER DISCRETIONARY - 22.5%
Auto Components - 1.3%
Delphi Automotive PLC	301,500		$ 23,770
Tenneco, Inc. (a)	229,000		13,337
			37,107
Automobiles - 1.1%
Harley-Davidson, Inc.	486,100		30,901
Diversified Consumer Services - 1.4%
Service Corp. International	800,000		19,880
ServiceMaster Global Holdings, Inc.	628,000		21,723
			41,603
Hotels, Restaurants & Leisure - 4.7%
Jack in the Box, Inc.	358,800		34,692
Las Vegas Sands Corp.	620,000		35,278
Melco Crown Entertainment Ltd. sponsored ADR	381,300		9,159
Wyndham Worldwide Corp.	631,000		57,724
			136,853
Household Durables - 2.1%
Harman International Industries, Inc.	200,100		27,612
Jarden Corp. (a)	346,500		18,389
Tupperware Brands Corp.	222,000		15,851
			61,852
Internet & Catalog Retail - 2.2%
Liberty Interactive Corp. Series A (a)	647,000		19,106
TripAdvisor, Inc. (a)	398,000		35,522
zulily, Inc. Class A (a)	581,500		8,147
			62,775
Leisure Products - 0.6%
Mattel, Inc.	617,000		16,239
Media - 1.9%
DIRECTV (a)	416,000		36,858
Time Warner Cable, Inc.	121,500		18,717
			55,575
Specialty Retail - 3.2%
GNC Holdings, Inc.	953,600		45,859
O'Reilly Automotive, Inc. (a)	228,000		47,454
			93,313
Textiles, Apparel & Luxury Goods - 4.0%
Hanesbrands, Inc.	349,700		44,601
Common Stocks - continued
	Shares		Value (000s)
CONSUMER DISCRETIONARY - continued
Textiles, Apparel & Luxury Goods - continued
Michael Kors Holdings Ltd. (a)	472,600		$ 31,858
VF Corp.	524,200		40,185
			116,644
TOTAL CONSUMER DISCRETIONARY			652,862
CONSUMER STAPLES - 7.0%
Beverages - 0.9%
Brown-Forman Corp. Class B (non-vtg.)	60,808		5,575
Monster Beverage Corp. (a)	150,000		21,168
			26,743
Food & Staples Retailing - 2.0%
Kroger Co.	833,000		59,268
Food Products - 2.0%
Mead Johnson Nutrition Co. Class A	442,100		46,314
The Hershey Co.	99,400		10,316
			56,630
Personal Products - 0.1%
Herbalife Ltd.	70,000		2,171
Tobacco - 2.0%
Lorillard, Inc.	865,000		59,183
TOTAL CONSUMER STAPLES			203,995
ENERGY - 2.1%
Energy Equipment & Services - 0.7%
Cameron International Corp. (a)	100,200		4,717
Oceaneering International, Inc.	149,400		8,147
Oil States International, Inc. (a)	158,100		6,874
			19,738
Oil, Gas & Consumable Fuels - 1.4%
Cabot Oil & Gas Corp.	346,300		10,043
Tesoro Corp.	267,000		24,521
World Fuel Services Corp.	128,100		7,013
			41,577
TOTAL ENERGY			61,315
Common Stocks - continued
	Shares		Value (000s)
FINANCIALS - 8.2%
Capital Markets - 3.2%
Affiliated Managers Group, Inc. (a)	149,300		$ 32,312
Ameriprise Financial, Inc.	205,000		27,394
Invesco Ltd.	344,000		13,853
Lazard Ltd. Class A	350,300		17,823
			91,382
Consumer Finance - 0.6%
Springleaf Holdings, Inc. (a)	433,300		16,660
Diversified Financial Services - 3.6%
IntercontinentalExchange Group, Inc.	128,000		30,126
McGraw Hill Financial, Inc.	488,600		50,375
Moody's Corp.	256,000		24,817
			105,318
Real Estate Management & Development - 0.8%
CBRE Group, Inc. (a)	693,000		23,742
TOTAL FINANCIALS			237,102
HEALTH CARE - 17.2%
Biotechnology - 0.3%
United Therapeutics Corp. (a)	49,200		7,628
Health Care Equipment & Supplies - 1.8%
Boston Scientific Corp. (a)	1,235,736		20,884
Zimmer Holdings, Inc.	250,000		30,098
			50,982
Health Care Providers & Services - 10.5%
Aetna, Inc.	315,500		31,408
AmerisourceBergen Corp.	644,000		66,177
Cardinal Health, Inc.	224,200		19,727
Cigna Corp.	411,000		49,990
DaVita HealthCare Partners, Inc. (a)	502,000		37,449
HCA Holdings, Inc. (a)	367,100		26,262
Henry Schein, Inc. (a)	97,000		13,585
MEDNAX, Inc. (a)	610,100		43,604
Universal Health Services, Inc. Class B	155,100		17,581
			305,783
Life Sciences Tools & Services - 1.2%
Agilent Technologies, Inc.	638,600		26,955
Mettler-Toledo International, Inc. (a)	29,000		9,111
			36,066
Common Stocks - continued
	Shares		Value (000s)
HEALTH CARE - continued
Pharmaceuticals - 3.4%
Actavis PLC (a)	56,600		$ 16,491
Jazz Pharmaceuticals PLC (a)	188,474		32,058
Mylan N.V. (a)	589,000		33,764
Salix Pharmaceuticals Ltd. (a)	104,300		16,396
			98,709
TOTAL HEALTH CARE			499,168
INDUSTRIALS - 17.3%
Aerospace & Defense - 2.2%
Meggitt PLC	2,000,000		16,828
TransDigm Group, Inc.	219,000		47,492
			64,320
Airlines - 4.5%
Alaska Air Group, Inc.	359,500		22,882
American Airlines Group, Inc.	229,200		10,979
Delta Air Lines, Inc.	692,000		30,808
Southwest Airlines Co.	997,200		43,119
United Continental Holdings, Inc. (a)	376,000		24,508
			132,296
Commercial Services & Supplies - 0.4%
KAR Auction Services, Inc.	291,000		10,613
Electrical Equipment - 2.3%
AMETEK, Inc.	480,000		25,507
Hubbell, Inc. Class B	114,400		13,019
Rockwell Automation, Inc.	231,000		27,036
			65,562
Industrial Conglomerates - 1.1%
Roper Industries, Inc.	186,500		31,252
Machinery - 3.5%
Allison Transmission Holdings, Inc.	443,000		14,096
IDEX Corp.	246,000		19,006
Manitowoc Co., Inc.	112,800		2,496
Toro Co.	219,666		14,860
WABCO Holdings, Inc. (a)	128,000		14,954
Wabtec Corp.	372,000		35,299
			100,711
Professional Services - 0.8%
Equifax, Inc.	262,700		24,528
Common Stocks - continued
	Shares		Value (000s)
INDUSTRIALS - continued
Road & Rail - 1.6%
CSX Corp.	558,000		$ 19,145
Landstar System, Inc.	389,000		27,316
			46,461
Trading Companies & Distributors - 0.9%
W.W. Grainger, Inc. (d)	115,500		27,363
TOTAL INDUSTRIALS			503,106
INFORMATION TECHNOLOGY - 20.7%
Communications Equipment - 0.3%
Juniper Networks, Inc.	390,100		9,327
Electronic Equipment & Components - 2.5%
Amphenol Corp. Class A	522,300		29,489
Ingram Micro, Inc. Class A (a)	496,000		12,256
Keysight Technologies, Inc. (a)	363,500		13,646
TE Connectivity Ltd.	241,400		17,412
			72,803
Internet Software & Services - 1.0%
HomeAway, Inc. (a)	283,000		8,772
VeriSign, Inc. (a)(d)	308,000		19,718
			28,490
IT Services - 5.5%
Amdocs Ltd.	397,587		20,873
Fidelity National Information Services, Inc.	293,400		19,831
Fiserv, Inc. (a)	505,600		39,472
FleetCor Technologies, Inc. (a)	133,800		20,529
Genpact Ltd. (a)	489,900		10,886
Total System Services, Inc.	1,265,000		48,323
			159,914
Semiconductors & Semiconductor Equipment - 4.7%
Avago Technologies Ltd.	380,000		48,496
Cree, Inc. (a)(d)	67,349		2,644
Micron Technology, Inc. (a)	687,900		21,098
NXP Semiconductors NV (a)	225,000		19,101
Skyworks Solutions, Inc.	404,000		35,451
Xilinx, Inc.	212,400		8,999
			135,789
Software - 5.4%
Adobe Systems, Inc. (a)	240,000		18,984
Common Stocks - continued
	Shares		Value (000s)
INFORMATION TECHNOLOGY - continued
Software - continued
Check Point Software Technologies Ltd. (a)	269,600		$ 22,509
Electronic Arts, Inc. (a)	794,000		45,401
Intuit, Inc.	709,000		69,223
			156,117
Technology Hardware, Storage & Peripherals - 1.3%
SanDisk Corp.	496,000		39,645
TOTAL INFORMATION TECHNOLOGY			602,085
MATERIALS - 4.4%
Chemicals - 3.3%
Celanese Corp. Class A	285,000		16,276
Eastman Chemical Co.	383,500		28,555
Sherwin-Williams Co.	126,000		35,935
The Scotts Miracle-Gro Co. Class A	230,307		15,087
			95,853
Containers & Packaging - 0.9%
Ball Corp.	135,000		9,681
Packaging Corp. of America	178,000		14,749
			24,430
Metals & Mining - 0.2%
SunCoke Energy, Inc.	373,600		6,818
TOTAL MATERIALS			127,101
UTILITIES - 0.0%
Independent Power and Renewable Electricity Producers - 0.0%
NextEra Energy Partners LP	5,000		197
TOTAL COMMON STOCKS (Cost $2,273,598)		2,886,931
Money Market Funds - 2.0%
	Shares		Value (000s)
Fidelity Cash Central Fund, 0.13% (b)	31,224,343		$ 31,224
Fidelity Securities Lending Cash Central Fund, 0.13% (b)(c)	25,748,250		25,748
TOTAL MONEY MARKET FUNDS (Cost $56,972)		56,972
TOTAL INVESTMENT PORTFOLIO - 101.4% (Cost $2,330,570)			2,943,903
NET OTHER ASSETS (LIABILITIES) - (1.4)%			(41,352)
NET ASSETS - 100%		$ 2,902,551

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.

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	6
Total	$ 18

Other Information

The following is a summary of the inputs used, as of February 28, 2015, 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	$ 652,862	$ 652,862	$ -	$ -
Consumer Staples	203,995	203,995	-	-
Energy	61,315	61,315	-	-
Financials	237,102	237,102	-	-
Health Care	499,168	465,404	33,764	-
Industrials	503,106	503,106	-	-
Information Technology	602,085	602,085	-	-
Materials	127,101	127,101	-	-
Utilities	197	197	-	-
Money Market Funds	56,972	56,972	-	-
Total Investments in Securities:	$ 2,943,903	$ 2,910,139	$ 33,764	$ -

Income Tax Information

At February 28, 2015, the cost of investment securities for income tax purposes was $2,330,711,000. Net unrealized appreciation aggregated $613,192,000, of which $651,629,000 related to appreciated investment securities and $38,437,000 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. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fidelity Management & Research Company (FMR) Fair Value Committee (the Committee). In accordance with valuation policies and procedures approved by 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 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 and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. 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:

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.

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

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 Company Fund

February 28, 2015

1.797941.111

GCF-QTLY-0415

Investments February 28, 2015 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.3%
	Shares		Value (000s)
CONSUMER DISCRETIONARY - 14.8%
Auto Components - 0.1%
Johnson Controls, Inc.	626,000		$ 31,807
Automobiles - 0.2%
Tesla Motors, Inc. (a)(d)	530,800		107,933
Hotels, Restaurants & Leisure - 3.4%
Buffalo Wild Wings, Inc. (a)(e)	1,016,400		194,254
China Lodging Group Ltd. ADR (a)	369,200		7,827
Chipotle Mexican Grill, Inc. (a)	303,100		201,552
Chuy's Holdings, Inc. (a)(d)(e)	1,507,342		33,870
Domino's Pizza, Inc.	26,800		2,721
Dunkin' Brands Group, Inc. (d)	1,975,940		92,593
Homeinns Hotel Group ADR (a)	2,896,122		77,355
Hyatt Hotels Corp. Class A (a)	841,040		50,917
Las Vegas Sands Corp.	713,800		40,615
McDonald's Corp.	1,648,900		163,076
Panera Bread Co. Class A (a)	124,700		20,130
Papa John's International, Inc.	87,000		5,380
Starbucks Corp.	3,705,400		346,399
Starwood Hotels & Resorts Worldwide, Inc.	1,824,600		146,570
Yum! Brands, Inc.	1,453,500		117,893
			1,501,152
Household Durables - 0.0%
Tempur Sealy International, Inc. (a)	238,000		13,687
Internet & Catalog Retail - 2.9%
Amazon.com, Inc. (a)	1,985,101		754,656
Ctrip.com International Ltd. sponsored ADR (a)	769,200		34,899
Groupon, Inc. Class A (a)	3,742,700		30,615
JD.com, Inc. sponsored ADR	285,200		7,891
Netflix, Inc. (a)	168,200		79,880
Priceline Group, Inc. (a)	241,068		298,317
Qunar Cayman Islands Ltd. sponsored ADR (a)	208,500		5,669
The Honest Co., Inc. (h)	39,835		1,080
TripAdvisor, Inc. (a)	225,600		20,135
Vipshop Holdings Ltd. ADR (a)(d)	2,977,100		72,790
			1,305,932
Media - 1.4%
Comcast Corp. Class A	7,073,200		420,007
Lions Gate Entertainment Corp. (d)	333,392		10,865
Common Stocks - continued
	Shares		Value (000s)
CONSUMER DISCRETIONARY - continued
Media - continued
The Walt Disney Co.	1,163,100		$ 121,055
Twenty-First Century Fox, Inc. Class A	1,423,800		49,833
			601,760
Multiline Retail - 0.5%
Dollar General Corp. (a)	317,600		23,064
Dollar Tree, Inc. (a)	750,300		59,784
Nordstrom, Inc.	525,900		42,298
Ryohin Keikaku Co. Ltd.	81,400		10,608
Target Corp.	1,281,189		98,434
			234,188
Specialty Retail - 2.4%
AutoNation, Inc. (a)	624,300		38,394
Bed Bath & Beyond, Inc. (a)	363,700		27,154
Boot Barn Holdings, Inc.	419,850		10,333
CarMax, Inc. (a)	1,692,521		113,585
Five Below, Inc. (a)(d)	1,838,916		58,358
Home Depot, Inc.	3,700,100		424,586
L Brands, Inc.	933,300		85,733
Lumber Liquidators Holdings, Inc. (a)(d)(e)	1,920,167		99,580
Restoration Hardware Holdings, Inc. (a)(e)	2,157,545		190,080
Urban Outfitters, Inc. (a)	384,700		14,988
			1,062,791
Textiles, Apparel & Luxury Goods - 3.9%
Columbia Sportswear Co.	1,212,276		67,754
Fossil Group, Inc. (a)	189,000		16,256
Japan Tobacco, Inc.	619,100		19,521
Kate Spade & Co. (a)(e)	8,128,115		280,014
lululemon athletica, Inc. (a)(d)(e)	9,626,828		658,860
Michael Kors Holdings Ltd. (a)	593,922		40,036
NIKE, Inc. Class B	2,925,100		284,086
Skechers U.S.A., Inc. Class A (sub. vtg.) (a)	3,380,379		230,339
Tory Burch LLC (a)(g)(h)	324,840		24,178
Under Armour, Inc. Class A (sub. vtg.) (a)	804,900		61,985
VF Corp.	857,000		65,698
			1,748,727
TOTAL CONSUMER DISCRETIONARY			6,607,977
Common Stocks - continued
	Shares		Value (000s)
CONSUMER STAPLES - 9.1%
Beverages - 2.9%
Constellation Brands, Inc. Class A (sub. vtg.) (a)	173,900		$ 19,950
Dr. Pepper Snapple Group, Inc.	429,600		33,848
Monster Beverage Corp. (a)	4,178,106		589,614
PepsiCo, Inc.	2,420,440		239,575
The Coca-Cola Co.	8,910,500		385,825
			1,268,812
Food & Staples Retailing - 1.5%
Costco Wholesale Corp.	1,488,000		218,676
CVS Health Corp.	1,074,800		111,639
Drogasil SA (a)	2,790,473		28,015
Kroger Co.	1,283,925		91,351
Sprouts Farmers Market LLC (a)	1,139,500		41,945
Wal-Mart Stores, Inc.	576,900		48,419
Walgreens Boots Alliance, Inc.	814,700		67,685
Whole Foods Market, Inc.	1,182,900		66,822
			674,552
Food Products - 2.5%
Associated British Foods PLC	1,224,800		59,091
Bunge Ltd.	17,700		1,448
Campbell Soup Co. (d)	247,800		11,545
General Mills, Inc.	664,500		35,743
Kellogg Co.	642,600		41,435
Keurig Green Mountain, Inc.	4,432,053		565,441
Kraft Foods Group, Inc.	471,100		30,179
Mead Johnson Nutrition Co. Class A	2,119,800		222,070
Mondelez International, Inc.	589,700		21,781
The Hain Celestial Group, Inc. (a)	322,600		20,172
The Hershey Co.	544,900		56,550
Tyson Foods, Inc. Class A	1,233,200		50,943
Want Want China Holdings Ltd.	2,682,000		2,957
			1,119,355
Household Products - 0.7%
Church & Dwight Co., Inc.	499,800		42,553
Colgate-Palmolive Co.	1,651,900		116,988
Kimberly-Clark Corp.	429,500		47,099
Procter & Gamble Co.	1,318,983		112,285
			318,925
Personal Products - 0.3%
Herbalife Ltd.	4,182,610		129,703
Common Stocks - continued
	Shares		Value (000s)
CONSUMER STAPLES - continued
Tobacco - 1.2%
Altria Group, Inc.	4,112,680		$ 231,503
Lorillard, Inc.	1,730,800		118,421
Philip Morris International, Inc.	2,278,780		189,048
			538,972
TOTAL CONSUMER STAPLES			4,050,319
ENERGY - 3.6%
Energy Equipment & Services - 0.8%
FMC Technologies, Inc. (a)	1,147,400		45,816
Halliburton Co.	2,685,200		115,302
Schlumberger Ltd.	2,593,997		218,311
			379,429
Oil, Gas & Consumable Fuels - 2.8%
Anadarko Petroleum Corp.	1,419,094		119,530
Cabot Oil & Gas Corp.	1,457,500		42,268
California Resources Corp.	233,340		1,671
Chesapeake Energy Corp.	1,646,700		27,467
Concho Resources, Inc. (a)	1,258,500		137,076
Continental Resources, Inc. (a)(d)	2,951,900		131,330
Devon Energy Corp.	597,500		36,800
EOG Resources, Inc.	2,132,900		191,364
Hess Corp.	669,200		50,244
Noble Energy, Inc.	1,502,111		70,945
Occidental Petroleum Corp.	583,400		45,435
PDC Energy, Inc. (a)	1,040,200		53,758
Pioneer Natural Resources Co.	1,634,007		249,219
Range Resources Corp.	422,889		20,950
Southwestern Energy Co. (a)	306,300		7,682
Valero Energy Corp.	969,200		59,790
			1,245,529
TOTAL ENERGY			1,624,958
FINANCIALS - 3.1%
Banks - 1.0%
Bank of America Corp.	2,057,300		32,526
Citigroup, Inc.	454,880		23,845
HDFC Bank Ltd. sponsored ADR	1,878,400		116,480
JPMorgan Chase & Co.	1,330,600		81,539
Common Stocks - continued
	Shares		Value (000s)
FINANCIALS - continued
Banks - continued
PrivateBancorp, Inc.	3,498,526		$ 121,504
Signature Bank (a)	405,485		50,017
Wells Fargo & Co.	588,300		32,233
			458,144
Capital Markets - 1.4%
BlackRock, Inc. Class A	636,400		236,372
Charles Schwab Corp.	7,722,675		226,583
Evercore Partners, Inc. Class A	234,700		12,024
Morgan Stanley	2,149,500		76,931
T. Rowe Price Group, Inc.	611,400		50,502
			602,412
Consumer Finance - 0.5%
American Express Co.	1,244,348		101,526
Discover Financial Services	1,956,144		119,286
			220,812
Diversified Financial Services - 0.0%
BM&F BOVESPA SA	5,757,397		20,363
Real Estate Investment Trusts - 0.1%
American Tower Corp.	288,800		28,632
Real Estate Management & Development - 0.1%
The St. Joe Co. (a)(d)	1,804,135		30,652
TOTAL FINANCIALS			1,361,015
HEALTH CARE - 22.0%
Biotechnology - 16.5%
ACADIA Pharmaceuticals, Inc. (a)(e)	5,670,023		215,291
Agios Pharmaceuticals, Inc. (a)	1,418,793		152,208
Alexion Pharmaceuticals, Inc. (a)	3,168,460		571,495
Alkermes PLC (a)(e)	10,704,156		751,967
Alnylam Pharmaceuticals, Inc. (a)(e)	5,277,383		535,813
Amgen, Inc.	2,636,800		415,876
Array BioPharma, Inc. (a)(d)	2,477,770		19,723
Avalanche Biotechnologies, Inc. (a)(d)	1,018,365		36,844
Biogen Idec, Inc. (a)	888,000		363,716
bluebird bio, Inc. (a)(e)	2,182,656		208,051
Celgene Corp. (a)	1,874,788		227,843
Celldex Therapeutics, Inc. (a)	3,548,723		90,634
Cepheid, Inc. (a)	1,946,855		110,659
Common Stocks - continued
	Shares		Value (000s)
HEALTH CARE - continued
Biotechnology - continued
Chimerix, Inc. (a)(e)	2,452,100		$ 99,261
Clovis Oncology, Inc. (a)(d)	840,900		64,295
Dicerna Pharmaceuticals, Inc. (d)(e)	1,030,149		25,167
Eleven Biotherapeutics, Inc.	620,200		6,556
Exelixis, Inc. (a)(d)	7,958,087		23,317
Fate Therapeutics, Inc. (a)(e)	1,481,987		7,380
FibroGen, Inc.	311,900		9,925
Genocea Biosciences, Inc.	625,830		5,401
Gilead Sciences, Inc. (a)	7,546,795		781,320
ImmunoGen, Inc. (a)(d)	3,937,520		29,925
Immunomedics, Inc. (a)(d)(e)	5,076,050		20,710
Intercept Pharmaceuticals, Inc. (a)	70,357		15,575
Intrexon Corp. (a)(d)	551,575		22,648
Ironwood Pharmaceuticals, Inc. Class A (a)	6,554,520		101,267
Isis Pharmaceuticals, Inc. (a)(d)(e)	8,395,497		575,595
Juno Therapeutics, Inc.	1,694,139		71,540
Juno Therapeutics, Inc. (d)	1,141,700		53,569
Kite Pharma, Inc. (d)	410,000		26,830
Lexicon Pharmaceuticals, Inc. (a)(d)(e)	40,554,882		38,122
Merrimack Pharmaceuticals, Inc. (a)(d)(e)	8,308,891		89,071
Momenta Pharmaceuticals, Inc. (a)	2,533,100		34,577
Prothena Corp. PLC (a)(e)	2,051,918		54,540
Regeneron Pharmaceuticals, Inc. (a)	2,166,718		896,675
Regulus Therapeutics, Inc. (a)(d)(e)	3,481,403		64,476
Rigel Pharmaceuticals, Inc. (a)(e)	5,315,116		15,892
Sage Therapeutics, Inc. (d)(e)	895,889		38,926
Sage Therapeutics, Inc. (e)(f)	735,693		31,966
Seattle Genetics, Inc. (a)(d)(e)	8,385,473		303,973
Spark Therapeutics, Inc.	40,000		2,304
Synageva BioPharma Corp. (a)	542,700		53,581
Transition Therapeutics, Inc. (a)(e)	3,075,120		21,034
Ultragenyx Pharmaceutical, Inc.	639,900		34,727
Versartis, Inc. (a)	829,194		16,426
Vertex Pharmaceuticals, Inc. (a)	429,367		51,279
			7,387,970
Health Care Equipment & Supplies - 0.8%
Abbott Laboratories	737,800		34,950
Align Technology, Inc. (a)	204,156		11,708
Baxter International, Inc.	998,200		69,026
DexCom, Inc. (a)	388,200		23,579
Common Stocks - continued
	Shares		Value (000s)
HEALTH CARE - continued
Health Care Equipment & Supplies - continued
Entellus Medical, Inc.	397,800		$ 8,652
Genmark Diagnostics, Inc. (a)	1,971,353		25,056
Halyard Health, Inc. (a)	54,587		2,513
Insulet Corp. (a)(e)	3,405,500		108,057
Intuitive Surgical, Inc. (a)	102,293		51,147
Novadaq Technologies, Inc. (a)	279,300		4,622
Presbia PLC	71,175		497
Roka Bioscience, Inc. (f)	710,289		2,962
St. Jude Medical, Inc.	524,400		34,967
			377,736
Health Care Providers & Services - 1.1%
Apollo Hospitals Enterprise Ltd. (a)	720,000		15,205
Catamaran Corp. (a)	574,628		28,688
Community Health Systems, Inc. (a)	497,900		24,158
Express Scripts Holding Co. (a)	589,903		50,018
HCA Holdings, Inc. (a)	642,600		45,972
McKesson Corp.	1,154,300		263,988
UnitedHealth Group, Inc.	583,500		66,303
			494,332
Health Care Technology - 0.6%
athenahealth, Inc. (a)(d)	922,200		117,184
Castlight Health, Inc. Class B (a)(d)	2,911,594		21,226
Cerner Corp. (a)	1,963,000		141,454
			279,864
Life Sciences Tools & Services - 0.3%
Illumina, Inc. (a)	580,038		113,374
Pharmaceuticals - 2.7%
AbbVie, Inc.	1,501,300		90,829
Actavis PLC (a)	754,305		219,774
Adimab LLC unit (g)(h)	2,531,646		36,204
Allergan, Inc.	893,300		207,907
Bristol-Myers Squibb Co.	3,068,600		186,939
Catalent, Inc. (a)	940,100		26,295
Endocyte, Inc. (a)(d)(e)	3,235,515		18,766
Intra-Cellular Therapies, Inc. (a)(d)(e)	2,007,612		49,889
Jazz Pharmaceuticals PLC (a)	567,200		96,475
Mylan N.V. (a)	1,195,700		68,544
Common Stocks - continued
	Shares		Value (000s)
HEALTH CARE - continued
Pharmaceuticals - continued
Teva Pharmaceutical Industries Ltd. sponsored ADR	366,400		$ 20,892
Valeant Pharmaceuticals International (Canada) (a)	881,561		173,668
			1,196,182
TOTAL HEALTH CARE			9,849,458
INDUSTRIALS - 8.3%
Aerospace & Defense - 1.3%
Honeywell International, Inc.	2,555,700		262,675
Lockheed Martin Corp. (d)	784,400		156,919
The Boeing Co.	1,043,300		157,382
			576,976
Air Freight & Logistics - 0.5%
FedEx Corp.	131,000		23,184
United Parcel Service, Inc. Class B	1,451,300		147,641
XPO Logistics, Inc. (a)(d)	1,056,024		46,623
			217,448
Airlines - 3.0%
American Airlines Group, Inc.	1,268,900		60,780
Azul-Linhas Aereas Brasileiras warrants (a)(h)	1,017,079		0
Delta Air Lines, Inc.	2,896,800		128,966
JetBlue Airways Corp. (a)(d)	12,540,023		215,563
Ryanair Holdings PLC sponsored ADR	638,200		40,430
Southwest Airlines Co.	6,833,815		295,494
Spirit Airlines, Inc. (a)	1,946,360		151,388
United Continental Holdings, Inc. (a)	6,136,900		400,003
Virgin America, Inc. (d)	1,128,900		39,557
Wizz Air Holdings PLC	1,471,448		29,759
			1,361,940
Construction & Engineering - 0.1%
Fluor Corp.	441,600		25,613
Electrical Equipment - 0.5%
Eaton Corp. PLC	694,600		49,324
Emerson Electric Co.	1,382,900		80,098
Enphase Energy, Inc. (a)(d)	770,812		10,622
Rockwell Automation, Inc.	800,100		93,644
SolarCity Corp. (a)(d)	243,100		12,486
			246,174
Common Stocks - continued
	Shares		Value (000s)
INDUSTRIALS - continued
Industrial Conglomerates - 0.9%
3M Co.	1,423,300		$ 240,040
Danaher Corp.	1,885,700		164,584
			404,624
Machinery - 0.7%
Caterpillar, Inc.	929,700		77,072
Cummins, Inc.	811,500		115,420
Deere & Co.	686,600		62,206
Illinois Tool Works, Inc.	451,500		44,635
ITT Corp.	131,400		5,397
Xylem, Inc.	251,700		8,986
			313,716
Road & Rail - 1.3%
Kansas City Southern	215,400		24,952
Union Pacific Corp.	4,468,200		537,346
			562,298
TOTAL INDUSTRIALS			3,708,789
INFORMATION TECHNOLOGY - 34.9%
Communications Equipment - 1.5%
Arista Networks, Inc. (d)	84,200		5,827
Cisco Systems, Inc.	869,600		25,662
Infinera Corp. (a)(e)	11,996,549		204,541
Palo Alto Networks, Inc. (a)	65,800		9,358
QUALCOMM, Inc.	6,007,367		435,594
ViaSat, Inc. (a)(d)	253,311		16,551
			697,533
Electronic Equipment & Components - 0.1%
Corning, Inc.	748,900		18,273
TE Connectivity Ltd.	52,200		3,765
Trimble Navigation Ltd. (a)	974,700		25,479
			47,517
Internet Software & Services - 9.3%
Actua Corp. (a)(e)	3,744,487		62,758
Akamai Technologies, Inc. (a)	1,615,300		112,280
Alibaba Group Holding Ltd. sponsored ADR	1,119,600		95,300
Baidu.com, Inc. sponsored ADR (a)	149,400		30,440
Demandware, Inc. (a)(d)	804,673		50,847
Dropbox, Inc. (a)(h)	1,105,082		21,107
Common Stocks - continued
	Shares		Value (000s)
INFORMATION TECHNOLOGY - continued
Internet Software & Services - continued
eBay, Inc. (a)	2,392,400		$ 138,544
Facebook, Inc. Class A (a)	12,541,791		990,425
Google, Inc.:
Class A (a)	1,704,078		958,765
Class C (a)	1,556,778		869,305
Hortonworks, Inc. (d)	349,700		8,054
IAC/InterActiveCorp	144,400		9,735
LendingClub Corp. (d)	483,400		9,847
LinkedIn Corp. (a)	252,000		67,334
Marketo, Inc. (a)(d)(e)	2,384,001		66,633
MercadoLibre, Inc. (d)	203,300		26,626
NAVER Corp.	12,636		7,585
New Relic, Inc. (d)	251,700		8,674
New Relic, Inc.	409,379		12,696
Opower, Inc.	625,420		9,394
Rackspace Hosting, Inc. (a)	2,945,279		146,292
Tencent Holdings Ltd.	976,500		17,038
Twitter, Inc. (a)	7,415,990		356,561
Wix.com Ltd. (a)	1,329,500		24,370
Yahoo!, Inc. (a)	955,361		42,303
			4,142,913
IT Services - 3.0%
Cognizant Technology Solutions Corp. Class A (a)	1,337,432		83,569
IBM Corp.	1,199,100		194,182
MasterCard, Inc. Class A	3,943,700		355,446
VeriFone Systems, Inc. (a)(e)	6,429,400		226,251
Visa, Inc. Class A	1,774,100		481,331
			1,340,779
Semiconductors & Semiconductor Equipment - 5.8%
Applied Micro Circuits Corp. (a)(d)(e)	6,318,892		34,375
ASML Holding NV	220,693		23,764
Broadcom Corp. Class A	2,013,800		91,084
Cavium, Inc. (a)(e)	3,074,760		210,590
Cirrus Logic, Inc. (a)	173,900		5,236
Cree, Inc. (a)(d)(e)	6,961,671		273,315
Cypress Semiconductor Corp. (d)	4,910,440		72,429
First Solar, Inc. (a)(e)	5,282,463		315,601
Integrated Device Technology, Inc. (a)	819,700		16,919
Intel Corp.	414,300		13,775
KLA-Tencor Corp.	346,300		22,494
Common Stocks - continued
	Shares		Value (000s)
INFORMATION TECHNOLOGY - continued
Semiconductors & Semiconductor Equipment - continued
Marvell Technology Group Ltd.	1,302,710		$ 21,000
Mellanox Technologies Ltd. (a)	987,089		47,025
Micron Technology, Inc. (a)	403,800		12,385
NVIDIA Corp. (e)	41,093,924		906,532
Rambus, Inc. (a)(e)	6,532,100		78,385
Silicon Laboratories, Inc. (a)(e)	3,356,880		169,992
Skyworks Solutions, Inc.	284,731		24,985
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR	1,863,900		45,721
Texas Instruments, Inc.	2,947,900		173,337
Xilinx, Inc.	570,400		24,168
			2,583,112
Software - 8.7%
Activision Blizzard, Inc.	5,630,232		131,297
Adobe Systems, Inc. (a)	2,062,236		163,123
Appirio, Inc. (h)	389,363		2,780
Autodesk, Inc. (a)	644,000		41,371
Citrix Systems, Inc. (a)	146,177		9,308
Electronic Arts, Inc. (a)	69,652		3,983
FireEye, Inc. (a)(d)	34,800		1,541
Fleetmatics Group PLC (a)	260,000		10,715
Guidewire Software, Inc. (a)	1,137,500		63,313
Intuit, Inc.	529,000		51,646
Microsoft Corp.	10,722,517		470,182
Oracle Corp.	4,590,200		201,143
Red Hat, Inc. (a)	6,468,286		447,088
salesforce.com, Inc. (a)	27,351,912		1,897,676
ServiceNow, Inc. (a)	3,226,700		246,068
Splunk, Inc. (a)	1,399,900		94,143
Tableau Software, Inc. (a)	76,200		7,164
VMware, Inc. Class A (a)	113,133		9,624
Zendesk, Inc.	1,626,500		40,207
			3,892,372
Technology Hardware, Storage & Peripherals - 6.5%
Apple, Inc.	21,084,248		2,708,477
NetApp, Inc.	360,086		13,917
Nimble Storage, Inc. (a)(d)	1,308,482		33,052
Samsung Electronics Co. Ltd.	9,759		12,027
Common Stocks - continued
	Shares		Value (000s)
INFORMATION TECHNOLOGY - continued
Technology Hardware, Storage & Peripherals - continued
SanDisk Corp.	1,317,200		$ 105,284
Stratasys Ltd. (a)(d)	323,699		20,089
			2,892,846
TOTAL INFORMATION TECHNOLOGY			15,597,072
MATERIALS - 2.0%
Chemicals - 1.6%
CF Industries Holdings, Inc.	322,785		98,846
E.I. du Pont de Nemours & Co.	1,371,400		106,763
Eastman Chemical Co.	550,200		40,968
Metabolix, Inc. (a)(d)	1,225,799		797
Monsanto Co.	3,166,971		381,398
Praxair, Inc.	281,600		36,017
The Dow Chemical Co.	616,300		30,347
The Mosaic Co.	378,900		20,180
			715,316
Construction Materials - 0.2%
Caesarstone Sdot-Yam Ltd.	1,263,527		82,647
Metals & Mining - 0.2%
Anglo American PLC (United Kingdom)	3,350,600		62,458
Barrick Gold Corp.	946,200		12,307
Fortescue Metals Group Ltd. (d)	9,080,685		17,668
Freeport-McMoRan, Inc.	459,000		9,928
Nucor Corp.	135,700		6,382
			108,743
TOTAL MATERIALS			906,706
TELECOMMUNICATION SERVICES - 0.5%
Diversified Telecommunication Services - 0.4%
Level 3 Communications, Inc. (a)	850,800		45,824
Verizon Communications, Inc.	2,729,600		134,979
			180,803
Common Stocks - continued
	Shares		Value (000s)
TELECOMMUNICATION SERVICES - continued
Wireless Telecommunication Services - 0.1%
T-Mobile U.S., Inc. (a)	1,151,600		$ 38,037
TOTAL TELECOMMUNICATION SERVICES			218,840
TOTAL COMMON STOCKS (Cost $22,301,396)		43,925,134
Preferred Stocks - 1.5%

Convertible Preferred Stocks - 1.4%
CONSUMER DISCRETIONARY - 0.1%
Household Durables - 0.1%
Roku, Inc.:
Series F, 8.00% (a)(h)	17,901,305		22,019
Series G, 8.00% (h)	2,750,007		3,383
			25,402
Internet & Catalog Retail - 0.0%
The Honest Co., Inc. Series C (h)	92,950		2,519
Leisure Products - 0.0%
NJOY, Inc.:
Series C (a)(h)	1,506,412		12,157
Series D (h)	424,747		3,428
			15,585
Media - 0.0%
Turn, Inc. Series E (a)(h)	984,774		6,184
TOTAL CONSUMER DISCRETIONARY			49,690
HEALTH CARE - 0.4%
Biotechnology - 0.3%
Intarcia Therapeutics, Inc.:
Series CC (a)(h)	1,051,411		34,055
Series DD (h)	1,543,687		50,000
Moderna LLC Series E (h)	565,117		34,851
Seres Health, Inc. Series C 8.00% (h)	572,827		6,967
			125,873
Health Care Equipment & Supplies - 0.0%
Penumbra, Inc. Series F (h)	1,128,787		19,720
Preferred Stocks - continued
	Shares		Value (000s)
Convertible Preferred Stocks - continued
HEALTH CARE - continued
Pharmaceuticals - 0.1%
aTyr Pharma, Inc. Series D 8.00% (a)(h)	7,513,149		$ 19,001
Kolltan Pharmaceuticals, Inc. Series D (h)	7,940,644		7,941
Syros Pharmaceuticals, Inc. Series B, 6.00% (h)	3,779,290		11,890
			38,832
TOTAL HEALTH CARE			184,425
INDUSTRIALS - 0.2%
Aerospace & Defense - 0.1%
Space Exploration Technologies Corp. Series G (h)	216,276		16,753
Airlines - 0.1%
Azul-Linhas Aereas Brasileiras Series B (a)(h)	1,017,079		42,994
Commercial Services & Supplies - 0.0%
Domo, Inc. Series D (a)(h)	2,990,903		14,027
TOTAL INDUSTRIALS			73,774
INFORMATION TECHNOLOGY - 0.7%
Internet Software & Services - 0.4%
Uber Technologies, Inc.:
Series D, 8.00% (h)	4,770,180		158,931
Series E, 8.00% (h)	209,216		6,971
			165,902
IT Services - 0.1%
AppNexus, Inc. Series E (h)	923,523		27,890
Nutanix, Inc. Series E (h)	1,151,309		18,064
			45,954
Software - 0.2%
Appirio, Inc. Series E (h)	2,725,544		19,462
Apptio, Inc. Series E, 8.00% (a)(h)	881,266		16,259
Cloudera, Inc. Series F (h)	529,285		11,628
Cloudflare, Inc. Series D (h)	1,429,726		8,758
Dataminr, Inc. Series D (h)	1,364,634		17,399
MongoDB, Inc. Series F, 8.00% (a)(h)	1,913,404		17,221
Taboola.Com Ltd. Series E (h)	1,337,420		13,943
			104,670
Preferred Stocks - continued
	Shares		Value (000s)
Convertible Preferred Stocks - continued
INFORMATION TECHNOLOGY - continued
Technology Hardware, Storage & Peripherals - 0.0%
Pure Storage, Inc.:
Series E (a)(h)	1,004,190		$ 17,262
Series F (h)	473,649		8,142
			25,404
TOTAL INFORMATION TECHNOLOGY			341,930
TOTAL CONVERTIBLE PREFERRED STOCKS			649,819
Nonconvertible Preferred Stocks - 0.1%
CONSUMER DISCRETIONARY - 0.0%
Textiles, Apparel & Luxury Goods - 0.0%
C. Wonder LLC Class A-1 (a)(g)(h)	619,048		0
HEALTH CARE - 0.1%
Biotechnology - 0.1%
Moderna LLC Series D, 8.00% (a)(h)	468,823		28,912
TOTAL PREFERRED STOCKS (Cost $560,159)		678,731
Money Market Funds - 3.0%

Fidelity Cash Central Fund, 0.13% (b)	213,162,642		213,163
Fidelity Securities Lending Cash Central Fund, 0.13% (b)(c)	1,138,544,401		1,138,544
TOTAL MONEY MARKET FUNDS (Cost $1,351,707)		1,351,707
TOTAL INVESTMENT PORTFOLIO - 102.8% (Cost $24,213,262)			45,955,572
NET OTHER ASSETS (LIABILITIES) - (2.8)%			(1,256,684)
NET ASSETS - 100%		$ 44,698,888

Legend

(a) Non-income producing

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

(e) Affiliated company

(f) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $34,928,000 or 0.1% of net assets.

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

(h) 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 $764,079,000 or 1.7% of net assets.

Additional information on each restricted holding is as follows:

Security	Acquisition Date	Acquisition Cost (000s)
Adimab LLC unit	9/17/14	$ 36,000
Appirio, Inc.	2/12/15	$ 2,780
Appirio, Inc. Series E	2/12/15	$ 19,462
AppNexus, Inc. Series E	8/1/14	$ 18,500
Apptio, Inc. Series E, 8.00%	5/3/13	$ 20,000
aTyr Pharma, Inc. Series D 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 Class A-1	12/27/12 - 6/25/13	$ 19,571
Cloudera, Inc. Series F	2/5/14	$ 7,706
Cloudflare, Inc. Series D	11/5/14	$ 8,758
Dataminr, Inc. Series D	2/18/15	$ 17,399
Domo, Inc. Series D	1/24/14	$ 12,362
Dropbox, Inc.	5/2/12	$ 10,000
Intarcia Therapeutics, Inc. Series CC	11/14/12	$ 14,331
Security	Acquisition Date	Acquisition Cost (000s)
Intarcia Therapeutics, Inc. Series DD	3/17/14	$ 50,000
Kolltan Pharmaceuticals, Inc. Series D	3/13/14	$ 7,941
Moderna LLC Series D, 8.00%	11/6/13	$ 10,000
Moderna LLC Series E	12/18/14	$ 34,851
MongoDB, Inc. Series F, 8.00%	10/2/13	$ 32,000
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
Penumbra, Inc. Series F	5/16/14	$ 14,900
Pure Storage, Inc. Series E	8/22/13	$ 6,961
Pure Storage, Inc. Series F	4/17/14	$ 7,449
Roku, Inc. Series F, 8.00%	5/7/13 - 5/28/13	$ 16,212
Security	Acquisition Date	Acquisition Cost (000s)
Roku, Inc. Series G, 8.00%	10/1/14	$ 3,574
Seres Health, Inc. Series C 8.00%	11/24/14	$ 6,967
Space Exploration Technologies Corp. Series G	1/20/15	$ 16,753
Syros Pharmaceuticals, Inc. Series B, 6.00%	10/9/14	$ 11,890
Taboola.Com Ltd. Series E	12/22/14	$ 13,943
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	$ 17,771
Turn, Inc. Series E	12/30/13	$ 8,213
Uber Technologies, Inc. Series D, 8.00%	6/6/14	$ 74,000
Uber Technologies, Inc. Series E, 8.00%	12/5/14	$ 6,971

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	$ 70
Fidelity Securities Lending Cash Central Fund	1,749
Total	$ 1,819

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.	$ 169,528	$ -	$ 171	$ -	$ 215,291
Actua Corp.	63,259	-	137	-	62,758
Alkermes PLC	580,112	12,925	1,235	-	751,967
Alnylam Pharmaceuticals, Inc.	506,721	23,968	987	-	535,813
Applied Micro Circuits Corp.	37,420	-	82	-	34,375
bluebird bio, Inc.	86,573	7,751	392	-	208,051
Buffalo Wild Wings, Inc.	174,550	-	1,704	-	194,254
Cavium, Inc.	173,567	966	374	-	210,590
Chimerix, Inc.	80,358	6,327	205	-	99,261
Chuy's Holdings, Inc.	29,352	3,047	55	-	33,870
Cree, Inc.	263,391	-	8,846	-	273,315
Dicerna Pharmaceuticals, Inc.	9,744	2,276	37	-	25,167
Endocyte, Inc.	21,828	-	757	-	18,766
Fate Therapeutics, Inc.	5,569	-	15	-	7,380
First Solar, Inc.	259,648	-	1,823	-	315,601
ImmunoGen, Inc.	44,340	-	2,270	-	-
Immunomedics, Inc.	21,150	-	210	-	20,710
Infinera Corp.	154,332	10,548	338	-	204,541
Insulet Corp.	161,108	1,017	3,880	-	108,057
Intra-Cellular Therapies, Inc.	28,907	-	70	-	49,889
Isis Pharmaceuticals, Inc.	435,678	-	1,041	-	575,595
Kate Spade & Co.	256,567	4,101	519	-	280,014
Lexicon Pharmaceuticals, Inc.	41,449	-	75	-	38,122
lululemon athletica, Inc.	410,854	61,440	1,051	-	658,860
Lumber Liquidators Holdings, Inc.	119,494	2,871	242	-	99,580
Marketo, Inc.	76,346	-	159	-	66,633
Merrimack Pharmaceuticals, Inc.	87,434	-	13,141	-	89,071
NPS Pharmaceuticals, Inc.	253,941	-	346,490	-	-
NVIDIA Corp.	861,599	1,986	1,663	3,493	906,532
Prothena Corp. PLC	49,838	-	83	-	54,540
Rambus, Inc.	77,562	-	151	-	78,385
Regulus Therapeutics, Inc.	61,620	3,695	113	-	64,476
Restoration Hardware Holdings, Inc.	179,519	3,469	409	-	190,080
Affiliate (Amounts in thousands)	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Rigel Pharmaceuticals, Inc.	$ 11,098	$ 522	$ 25	$ -	$ 15,892
Sage Therapeutics, Inc.	35,495	-	70	-	38,926
Sage Therapeutics, Inc.	-	-	-	-	31,966
Seattle Genetics, Inc.	306,182	-	550	-	303,973
Silicon Laboratories, Inc.	151,414	4,966	4,003	-	169,992
Transition Therapeutics, Inc.	12,339	7,552	27	-	21,034
VeriFone Systems, Inc.	231,754	-	2,607	-	226,251
Total	$ 6,531,640	$ 159,427	$ 396,007	$ 3,493	$ 7,279,578

Other Information

The following is a summary of the inputs used, as of February 28, 2015, 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	$ 6,657,667	$ 6,582,719	$ -	$ 74,948
Consumer Staples	4,050,319	4,050,319	-	-
Energy	1,624,958	1,624,958	-	-
Financials	1,361,015	1,361,015	-	-
Health Care	10,062,795	9,673,170	140,084	249,541
Industrials	3,782,563	3,708,789	-	73,774
Information Technology	15,939,002	15,543,451	29,734	365,817
Materials	906,706	844,248	62,458	-
Telecommunication Services	218,840	218,840	-	-
Money Market Funds	1,351,707	1,351,707	-	-
Total Investments in Securities:	$ 45,955,572	$ 44,959,216	$ 232,276	$ 764,080

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	$ 689,009
Net Realized Gain (Loss) on Investment Securities	3,740
Net Unrealized Gain (Loss) on Investment Securities	(565)
Cost of Purchases	112,160
Proceeds of Sales	(40,264)
Amortization/Accretion	-
Transfers into Level 3	-
Transfers out of Level 3	-
Ending Balance	$ 764,080
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at February 28, 2015	$ 16,974

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 February 28, 2015, the cost of investment securities for income tax purposes was $24,243,229,000. Net unrealized appreciation aggregated $21,712,343,000, of which $22,517,508,000 related to appreciated investment securities and $805,165,000 related to depreciated investment securities.

Investment Valuation

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 02/28/15 (000s)	Valuation Technique(s)	Unobservable Input	Amount or Range / Weighted Average	Impact to Valuation from an Increase in Input*
Equities	$ 763,382	Last transaction price	Discount rate	15.0%	Decrease
			Transaction price	$0.00 - $100.00 / $36.79	Increase
			Put premium	38.0	Increase
		Market comparable	EV/Sales multiple	1.7 - 12.3 / 6.1	Increase
			Discount for lack of marketability	10.0% - 15.0% / 12.8%	Decrease
			Discount to comparables	40.0%	Decrease
			FCF yield	4.0%	Decrease
			Liquidation	$8.34	Increase
		Expected distribution	Recovery rate	0.0%	Increase
		Tender offer	Tender offer price	$19.10 - $72.91 / $47.55	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.

Quarterly Report

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Series Growth
Company Fund

February 28, 2015

1.968012.101

XS7-QTLY-0415

Investments February 28, 2015 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.9%
	Shares		Value
CONSUMER DISCRETIONARY - 14.9%
Auto Components - 0.1%
Johnson Controls, Inc.	156,822		$ 7,968,126
Automobiles - 0.2%
Tesla Motors, Inc. (a)	134,000		27,247,560
Hotels, Restaurants & Leisure - 3.4%
Buffalo Wild Wings, Inc. (a)	257,100		49,136,952
China Lodging Group Ltd. ADR (a)	92,400		1,958,880
Chipotle Mexican Grill, Inc. (a)	76,900		51,136,193
Chuy's Holdings, Inc. (a)	381,800		8,579,046
Domino's Pizza, Inc.	6,600		670,098
Dunkin' Brands Group, Inc.	506,200		23,720,532
Homeinns Hotel Group ADR (a)	730,078		19,500,383
Hyatt Hotels Corp. Class A (a)	215,700		13,058,478
Las Vegas Sands Corp.	184,800		10,515,120
McDonald's Corp.	420,700		41,607,230
Panera Bread Co. Class A (a)	31,400		5,068,902
Papa John's International, Inc.	21,700		1,341,928
Starbucks Corp.	933,200		87,240,202
Starwood Hotels & Resorts Worldwide, Inc.	460,600		36,999,998
Yum! Brands, Inc.	371,900		30,164,809
			380,698,751
Household Durables - 0.0%
Tempur Sealy International, Inc. (a)	60,900		3,502,359
Internet & Catalog Retail - 3.0%
Amazon.com, Inc. (a)	498,899		189,661,444
Ctrip.com International Ltd. sponsored ADR (a)	194,400		8,819,928
Groupon, Inc. Class A (a)	928,491		7,595,056
JD.com, Inc. sponsored ADR	70,500		1,950,735
Netflix, Inc. (a)	42,700		20,278,657
Priceline Group, Inc. (a)	60,600		74,991,288
Qunar Cayman Islands Ltd. sponsored ADR (a)	51,500		1,400,285
The Honest Co., Inc. (g)	9,496		257,342
TripAdvisor, Inc. (a)	57,400		5,122,950
Vipshop Holdings Ltd. ADR (a)	762,700		18,648,015
			328,725,700
Media - 1.4%
Comcast Corp. Class A	1,784,100		105,939,858
Lions Gate Entertainment Corp.	125,300		4,083,527
Common Stocks - continued
	Shares		Value
CONSUMER DISCRETIONARY - continued
Media - continued
The Walt Disney Co.	291,800		$ 30,370,544
Twenty-First Century Fox, Inc. Class A	368,200		12,887,000
			153,280,929
Multiline Retail - 0.5%
Dollar General Corp. (a)	79,900		5,802,338
Dollar Tree, Inc. (a)	194,000		15,457,920
Nordstrom, Inc.	133,600		10,745,448
Ryohin Keikaku Co. Ltd.	20,100		2,619,511
Target Corp.	322,600		24,785,358
			59,410,575
Specialty Retail - 2.4%
AutoNation, Inc. (a)	158,600		9,753,900
Bed Bath & Beyond, Inc. (a)	94,000		7,018,040
Boot Barn Holdings, Inc.	104,700		2,576,667
CarMax, Inc. (a)	430,048		28,860,521
Five Below, Inc. (a)(d)	470,400		14,928,144
Home Depot, Inc.	926,800		106,350,300
L Brands, Inc.	237,000		21,770,820
Lumber Liquidators Holdings, Inc. (a)(d)	484,700		25,136,542
Restoration Hardware Holdings, Inc. (a)	538,133		47,409,517
Urban Outfitters, Inc. (a)	97,600		3,802,496
			267,606,947
Textiles, Apparel & Luxury Goods - 3.9%
Columbia Sportswear Co.	301,900		16,873,191
Fossil Group, Inc. (a)	48,767		4,194,450
Japan Tobacco, Inc.	157,300		4,959,963
Kate Spade & Co. (a)	2,064,234		71,112,861
lululemon athletica, Inc. (a)(d)	2,400,600		164,297,064
Michael Kors Holdings Ltd. (a)	154,551		10,418,283
NIKE, Inc. Class B	740,900		71,956,208
Skechers U.S.A., Inc. Class A (sub. vtg.) (a)	867,200		59,091,008
Under Armour, Inc. Class A (sub. vtg.) (a)	208,000		16,018,080
VF Corp.	220,800		16,926,528
			435,847,636
TOTAL CONSUMER DISCRETIONARY			1,664,288,583
Common Stocks - continued
	Shares		Value
CONSUMER STAPLES - 9.2%
Beverages - 2.9%
Constellation Brands, Inc. Class A (sub. vtg.) (a)	43,300		$ 4,967,376
Dr. Pepper Snapple Group, Inc.	109,100		8,595,989
Monster Beverage Corp. (a)	1,058,800		149,417,856
PepsiCo, Inc.	610,500		60,427,290
The Coca-Cola Co.	2,245,900		97,247,470
			320,655,981
Food & Staples Retailing - 1.5%
Costco Wholesale Corp.	376,200		55,286,352
CVS Health Corp.	272,000		28,252,640
Drogasil SA (a)	666,500		6,691,413
Kroger Co.	324,300		23,073,945
Sprouts Farmers Market LLC (a)	286,800		10,557,108
Wal-Mart Stores, Inc.	143,800		12,069,134
Walgreens Boots Alliance, Inc.	207,100		17,205,868
Whole Foods Market, Inc.	299,700		16,930,053
			170,066,513
Food Products - 2.6%
Associated British Foods PLC	312,200		15,062,187
Bunge Ltd.	4,687		383,303
Campbell Soup Co.	63,000		2,935,170
General Mills, Inc.	168,800		9,079,752
Kellogg Co.	166,400		10,729,472
Keurig Green Mountain, Inc.	1,116,096		142,391,528
Kraft Foods Group, Inc.	117,200		7,507,832
Mead Johnson Nutrition Co. Class A	536,100		56,161,836
Mondelez International, Inc.	157,200		5,806,182
The Hain Celestial Group, Inc. (a)	81,100		5,071,183
The Hershey Co.	140,600		14,591,468
Tyson Foods, Inc. Class A	315,500		13,033,305
Want Want China Holdings Ltd.	881,000		971,215
			283,724,433
Household Products - 0.7%
Church & Dwight Co., Inc.	126,900		10,804,266
Colgate-Palmolive Co.	424,300		30,048,926
Kimberly-Clark Corp.	111,000		12,172,260
Procter & Gamble Co.	335,000		28,518,550
			81,544,002
Personal Products - 0.3%
Herbalife Ltd.	1,049,500		32,544,995
Common Stocks - continued
	Shares		Value
CONSUMER STAPLES - continued
Tobacco - 1.2%
Altria Group, Inc.	1,041,500		$ 58,626,035
Lorillard, Inc.	435,000		29,762,700
Philip Morris International, Inc.	575,800		47,768,368
			136,157,103
TOTAL CONSUMER STAPLES			1,024,693,027
ENERGY - 3.7%
Energy Equipment & Services - 0.9%
FMC Technologies, Inc. (a)	294,700		11,767,371
Halliburton Co.	677,400		29,087,556
Schlumberger Ltd.	658,279		55,400,761
			96,255,688
Oil, Gas & Consumable Fuels - 2.8%
Anadarko Petroleum Corp.	358,800		30,221,724
Cabot Oil & Gas Corp.	375,000		10,875,000
California Resources Corp.	60,640		434,182
Chesapeake Energy Corp.	416,494		6,947,120
Concho Resources, Inc. (a)	317,900		34,625,668
Continental Resources, Inc. (a)(d)	760,300		33,825,747
Devon Energy Corp.	151,800		9,349,362
EOG Resources, Inc.	538,600		48,323,192
Hess Corp.	171,700		12,891,236
Noble Energy, Inc.	406,400		19,194,272
Occidental Petroleum Corp.	151,600		11,806,608
PDC Energy, Inc. (a)	270,038		13,955,564
Pioneer Natural Resources Co.	416,893		63,584,520
Range Resources Corp.	106,800		5,290,872
Southwestern Energy Co. (a)	75,900		1,903,572
Valero Energy Corp.	254,400		15,693,936
			318,922,575
TOTAL ENERGY			415,178,263
FINANCIALS - 3.1%
Banks - 1.0%
Bank of America Corp.	528,500		8,355,585
Citigroup, Inc.	115,900		6,075,478
HDFC Bank Ltd. sponsored ADR	483,100		29,957,031
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Banks - continued
JPMorgan Chase & Co.	341,900		$ 20,951,632
PrivateBancorp, Inc.	898,400		31,201,432
Signature Bank (a)	104,700		12,914,745
Wells Fargo & Co.	151,500		8,300,685
			117,756,588
Capital Markets - 1.4%
BlackRock, Inc. Class A	160,800		59,724,336
Charles Schwab Corp.	1,943,100		57,010,554
Evercore Partners, Inc. Class A	59,800		3,063,554
Morgan Stanley	565,500		20,239,245
T. Rowe Price Group, Inc.	157,800		13,034,280
			153,071,969
Consumer Finance - 0.5%
American Express Co.	315,400		25,733,486
Discover Financial Services	492,458		30,030,089
			55,763,575
Diversified Financial Services - 0.0%
BM&F BOVESPA SA	1,626,900		5,753,968
Real Estate Investment Trusts - 0.1%
American Tower Corp.	72,500		7,187,650
Real Estate Management & Development - 0.1%
The St. Joe Co. (a)(d)	458,200		7,784,818
TOTAL FINANCIALS			347,318,568
HEALTH CARE - 21.7%
Biotechnology - 16.2%
ACADIA Pharmaceuticals, Inc. (a)	662,110		25,140,317
Agios Pharmaceuticals, Inc. (a)(d)	273,356		29,325,632
Alexion Pharmaceuticals, Inc. (a)	800,200		144,332,074
Alkermes PLC (a)	2,654,592		186,485,088
Alnylam Pharmaceuticals, Inc. (a)	1,301,351		132,126,167
Amgen, Inc.	667,600		105,293,872
Array BioPharma, Inc. (a)	629,400		5,010,024
Avalanche Biotechnologies, Inc. (a)	250,877		9,076,730
Biogen Idec, Inc. (a)	223,600		91,584,324
bluebird bio, Inc. (a)	532,950		50,800,794
Celgene Corp. (a)	475,900		57,836,127
Celldex Therapeutics, Inc. (a)	876,459		22,384,763
Cepheid, Inc. (a)	494,800		28,124,432
Common Stocks - continued
	Shares		Value
HEALTH CARE - continued
Biotechnology - continued
Chimerix, Inc. (a)	604,500		$ 24,470,160
Clovis Oncology, Inc. (a)	207,800		15,888,388
Dicerna Pharmaceuticals, Inc. (d)	249,228		6,088,640
Eleven Biotherapeutics, Inc.	149,112		1,576,114
Exelixis, Inc. (a)(d)	1,978,704		5,797,603
Fate Therapeutics, Inc. (a)	3,900		19,422
FibroGen, Inc.	76,500		2,434,230
Genocea Biosciences, Inc.	155,446		1,341,499
Gilead Sciences, Inc. (a)	1,888,400		195,506,052
ImmunoGen, Inc. (a)	1,004,300		7,632,680
Immunomedics, Inc. (a)	1,289,300		5,260,344
Intercept Pharmaceuticals, Inc. (a)	17,200		3,807,564
Intrexon Corp. (a)(d)	135,000		5,543,100
Ironwood Pharmaceuticals, Inc. Class A (a)	1,611,356		24,895,450
Isis Pharmaceuticals, Inc. (a)(d)	2,088,785		143,207,100
Juno Therapeutics, Inc.	384,615		16,241,522
Juno Therapeutics, Inc. (d)	284,000		13,325,280
Kite Pharma, Inc. (d)	101,300		6,629,072
Lexicon Pharmaceuticals, Inc. (a)	10,100,115		9,494,108
Merrimack Pharmaceuticals, Inc. (a)(d)	2,427,600		26,023,872
Momenta Pharmaceuticals, Inc. (a)	636,600		8,689,590
Prothena Corp. PLC (a)	506,728		13,468,830
Regeneron Pharmaceuticals, Inc. (a)	545,200		225,625,568
Regulus Therapeutics, Inc. (a)(d)	863,804		15,997,650
Rigel Pharmaceuticals, Inc. (a)	1,323,400		3,956,966
Sage Therapeutics, Inc.	218,800		9,506,860
Sage Therapeutics, Inc. (e)	156,782		6,812,178
Seattle Genetics, Inc. (a)	2,090,642		75,785,773
Spark Therapeutics, Inc.	10,000		575,900
Synageva BioPharma Corp. (a)	134,700		13,298,931
Transition Therapeutics, Inc. (a)	765,200		5,233,966
Ultragenyx Pharmaceutical, Inc.	154,400		8,379,288
Versartis, Inc. (a)	188,833		3,740,782
Vertex Pharmaceuticals, Inc. (a)	116,500		13,913,595
			1,807,688,421
Health Care Equipment & Supplies - 0.8%
Abbott Laboratories	187,400		8,877,138
Align Technology, Inc. (a)	52,434		3,007,090
Baxter International, Inc.	253,600		17,536,440
DexCom, Inc. (a)	97,700		5,934,298
Common Stocks - continued
	Shares		Value
HEALTH CARE - continued
Health Care Equipment & Supplies - continued
Entellus Medical, Inc.	99,100		$ 2,155,425
Genmark Diagnostics, Inc. (a)	489,000		6,215,190
Halyard Health, Inc. (a)	13,875		638,805
Insulet Corp. (a)	861,700		27,341,741
Intuitive Surgical, Inc. (a)	26,107		13,053,500
Novadaq Technologies, Inc. (a)	67,600		1,118,780
Presbia PLC	17,800		124,244
St. Jude Medical, Inc.	133,200		8,881,776
			94,884,427
Health Care Providers & Services - 1.1%
Catamaran Corp. (a)	147,700		7,373,776
Community Health Systems, Inc. (a)	125,000		6,065,000
Express Scripts Holding Co. (a)	152,600		12,938,954
HCA Holdings, Inc. (a)	164,300		11,754,022
McKesson Corp.	291,300		66,620,310
UnitedHealth Group, Inc.	151,100		17,169,493
			121,921,555
Health Care Technology - 0.6%
athenahealth, Inc. (a)(d)	233,800		29,708,966
Castlight Health, Inc. Class B (a)	239,522		1,746,115
Cerner Corp. (a)	497,000		35,813,820
			67,268,901
Life Sciences Tools & Services - 0.3%
Illumina, Inc. (a)	149,262		29,174,751
Pharmaceuticals - 2.7%
AbbVie, Inc.	380,700		23,032,350
Actavis PLC (a)	189,495		55,211,263
Adimab LLC unit (f)(g)	597,750		8,548,186
Allergan, Inc.	233,500		54,344,790
Bristol-Myers Squibb Co.	779,200		47,468,864
Catalent, Inc. (a)	230,400		6,444,288
Endocyte, Inc. (a)(d)	824,900		4,784,420
Intra-Cellular Therapies, Inc. (a)	235,959		5,863,581
Jazz Pharmaceuticals PLC (a)	141,400		24,050,726
Mylan N.V. (a)	302,700		17,352,278
Common Stocks - continued
	Shares		Value
HEALTH CARE - continued
Pharmaceuticals - continued
Teva Pharmaceutical Industries Ltd. sponsored ADR	94,700		$ 5,399,794
Valeant Pharmaceuticals International (Canada) (a)	223,600		44,049,254
			296,549,794
TOTAL HEALTH CARE			2,417,487,849
INDUSTRIALS - 8.4%
Aerospace & Defense - 1.3%
Honeywell International, Inc.	647,000		66,498,660
Lockheed Martin Corp. (d)	197,400		39,489,870
The Boeing Co.	262,600		39,613,210
			145,601,740
Air Freight & Logistics - 0.5%
FedEx Corp.	32,900		5,822,642
United Parcel Service, Inc. Class B	369,700		37,609,581
XPO Logistics, Inc. (a)(d)	268,470		11,852,951
			55,285,174
Airlines - 3.1%
American Airlines Group, Inc.	321,900		15,419,010
Delta Air Lines, Inc.	751,100		33,438,972
JetBlue Airways Corp. (a)(d)	3,141,200		53,997,228
Ryanair Holdings PLC sponsored ADR	162,100		10,269,035
Southwest Airlines Co.	1,722,600		74,485,224
Spirit Airlines, Inc. (a)	461,800		35,918,804
United Continental Holdings, Inc. (a)	1,543,200		100,585,776
Virgin America, Inc. (d)	276,900		9,702,576
Wizz Air Holdings PLC	366,844		7,419,213
			341,235,838
Construction & Engineering - 0.0%
Fluor Corp.	111,200		6,449,600
Electrical Equipment - 0.6%
Eaton Corp. PLC	179,500		12,746,295
Emerson Electric Co.	356,200		20,631,104
Enphase Energy, Inc. (a)(d)	184,330		2,540,067
Rockwell Automation, Inc.	205,000		23,993,200
SolarCity Corp. (a)(d)	59,800		3,071,328
			62,981,994
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Industrial Conglomerates - 0.9%
3M Co.	359,300		$ 60,595,945
Danaher Corp.	475,800		41,527,824
			102,123,769
Machinery - 0.7%
Caterpillar, Inc.	235,100		19,489,790
Cummins, Inc.	206,300		29,342,049
Deere & Co.	175,800		15,927,480
Illinois Tool Works, Inc.	114,700		11,339,242
ITT Corp.	32,300		1,326,561
Xylem, Inc.	62,200		2,220,540
			79,645,662
Road & Rail - 1.3%
Kansas City Southern	54,100		6,266,944
Union Pacific Corp.	1,131,300		136,050,138
			142,317,082
TOTAL INDUSTRIALS			935,640,859
INFORMATION TECHNOLOGY - 35.3%
Communications Equipment - 1.6%
Arista Networks, Inc. (d)	20,900		1,446,489
Cisco Systems, Inc.	216,000		6,374,160
Infinera Corp. (a)	3,001,603		51,177,331
Palo Alto Networks, Inc. (a)	16,600		2,360,852
QUALCOMM, Inc.	1,511,333		109,586,756
ViaSat, Inc. (a)	64,892		4,240,043
			175,185,631
Electronic Equipment & Components - 0.1%
Corning, Inc.	190,200		4,640,880
TE Connectivity Ltd.	13,000		937,690
Trimble Navigation Ltd. (a)	247,400		6,467,036
			12,045,606
Internet Software & Services - 9.5%
Actua Corp. (a)	955,618		16,016,158
Akamai Technologies, Inc. (a)	407,700		28,339,227
Alibaba Group Holding Ltd. sponsored ADR	284,100		24,182,592
Baidu.com, Inc. sponsored ADR (a)	116,900		23,818,375
Demandware, Inc. (a)(d)	202,600		12,802,294
eBay, Inc. (a)	604,600		35,012,386
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Internet Software & Services - continued
Facebook, Inc. Class A (a)	3,157,078		$ 249,314,450
Google, Inc.:
Class A (a)	427,870		240,732,498
Class C (a)	399,370		223,008,208
Hortonworks, Inc. (d)	87,000		2,003,610
IAC/InterActiveCorp	36,500		2,460,830
LendingClub Corp. (d)	120,300		2,450,511
LinkedIn Corp. (a)	64,900		17,341,280
Marketo, Inc. (a)	564,555		15,779,312
MercadoLibre, Inc. (d)	51,700		6,771,149
NAVER Corp.	2,693		1,616,617
New Relic, Inc. (d)	62,600		2,157,196
New Relic, Inc.	92,346		2,864,019
Opower, Inc. (d)	158,400		2,379,168
Rackspace Hosting, Inc. (a)	713,400		35,434,578
Tencent Holdings Ltd.	247,800		4,323,552
Twitter, Inc. (a)	1,854,800		89,178,784
Wix.com Ltd. (a)	323,546		5,930,598
Yahoo!, Inc. (a)	240,632		10,655,185
			1,054,572,577
IT Services - 3.0%
Cognizant Technology Solutions Corp. Class A (a)	339,600		21,219,906
IBM Corp.	303,500		49,148,790
MasterCard, Inc. Class A	1,001,200		90,238,156
VeriFone Systems, Inc. (a)	1,628,400		57,303,396
Visa, Inc. Class A	447,400		121,384,094
			339,294,342
Semiconductors & Semiconductor Equipment - 5.8%
Applied Micro Circuits Corp. (a)	1,553,870		8,453,053
ASML Holding NV	56,000		6,030,080
Broadcom Corp. Class A	517,900		23,424,617
Cavium, Inc. (a)	776,100		53,155,089
Cirrus Logic, Inc. (a)	43,300		1,303,763
Cree, Inc. (a)(d)	1,754,366		68,876,409
Cypress Semiconductor Corp. (d)	1,246,800		18,390,300
First Solar, Inc. (a)(d)	1,339,539		80,030,758
Integrated Device Technology, Inc. (a)	200,800		4,144,512
Intel Corp.	105,200		3,497,900
KLA-Tencor Corp.	88,000		5,716,040
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Semiconductors & Semiconductor Equipment - continued
Marvell Technology Group Ltd.	330,900		$ 5,334,108
Mellanox Technologies Ltd. (a)	254,900		12,143,436
Micron Technology, Inc. (a)	102,300		3,137,541
NVIDIA Corp.	10,098,999		222,783,918
Rambus, Inc. (a)	1,684,500		20,214,000
Silicon Laboratories, Inc. (a)	847,900		42,937,656
Skyworks Solutions, Inc.	73,478		6,447,695
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR	473,500		11,614,955
Texas Instruments, Inc.	746,600		43,900,080
Xilinx, Inc.	144,900		6,139,413
			647,675,323
Software - 8.8%
Activision Blizzard, Inc.	1,421,200		33,142,384
Adobe Systems, Inc. (a)	521,300		41,234,830
Appirio, Inc. (g)	100,642		718,634
Autodesk, Inc. (a)	162,200		10,419,728
Citrix Systems, Inc. (a)	37,200		2,368,710
Electronic Arts, Inc. (a)	17,500		1,000,650
FireEye, Inc. (a)(d)	8,700		385,149
Fleetmatics Group PLC (a)	64,900		2,674,529
Guidewire Software, Inc. (a)	288,900		16,080,174
Intuit, Inc.	134,300		13,111,709
Microsoft Corp.	2,710,592		118,859,459
Oracle Corp.	1,159,400		50,804,908
Red Hat, Inc. (a)	1,630,100		112,672,512
salesforce.com, Inc. (a)	6,869,042		476,574,134
ServiceNow, Inc. (a)	815,900		62,220,534
Splunk, Inc. (a)	353,600		23,779,600
Tableau Software, Inc. (a)	19,200		1,804,992
VMware, Inc. Class A (a)	28,700		2,441,509
Zendesk, Inc. (d)	407,300		10,068,456
			980,362,601
Technology Hardware, Storage & Peripherals - 6.5%
Apple, Inc.	5,293,165		679,959,970
NetApp, Inc.	91,400		3,532,610
Nimble Storage, Inc. (a)(d)	331,393		8,370,987
Samsung Electronics Co. Ltd.	4,482		5,523,584
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Technology Hardware, Storage & Peripherals - continued
SanDisk Corp.	333,600		$ 26,664,648
Stratasys Ltd. (a)(d)	82,494		5,119,578
			729,171,377
TOTAL INFORMATION TECHNOLOGY			3,938,307,457
MATERIALS - 2.1%
Chemicals - 1.6%
CF Industries Holdings, Inc.	83,100		25,447,713
E.I. du Pont de Nemours & Co.	349,000		27,169,650
Eastman Chemical Co.	142,300		10,595,658
Metabolix, Inc. (a)(d)	311,500		202,475
Monsanto Co.	812,791		97,884,420
Praxair, Inc.	70,800		9,055,320
The Dow Chemical Co.	156,500		7,706,060
The Mosaic Co.	95,200		5,070,352
			183,131,648
Construction Materials - 0.2%
Caesarstone Sdot-Yam Ltd.	325,000		21,258,250
Metals & Mining - 0.3%
Anglo American PLC (United Kingdom)	855,900		15,954,778
Barrick Gold Corp.	234,800		3,054,034
Fortescue Metals Group Ltd. (d)	2,306,589		4,487,898
Freeport-McMoRan, Inc.	129,100		2,792,433
Nucor Corp.	34,500		1,622,535
			27,911,678
TOTAL MATERIALS			232,301,576
TELECOMMUNICATION SERVICES - 0.5%
Diversified Telecommunication Services - 0.4%
Level 3 Communications, Inc. (a)	211,900		11,412,934
Verizon Communications, Inc.	687,200		33,982,040
			45,394,974
Common Stocks - continued
	Shares		Value
TELECOMMUNICATION SERVICES - continued
Wireless Telecommunication Services - 0.1%
T-Mobile U.S., Inc. (a)	295,300		$ 9,753,759
TOTAL TELECOMMUNICATION SERVICES			55,148,733
TOTAL COMMON STOCKS (Cost $8,737,744,418)		11,030,364,915
Convertible Preferred Stocks - 0.9%

CONSUMER DISCRETIONARY - 0.0%
Household Durables - 0.0%
Roku, Inc. Series G, 8.00% (g)	661,380		813,497
Internet & Catalog Retail - 0.0%
The Honest Co., Inc. Series C (g)	22,157		600,455
Leisure Products - 0.0%
NJOY, Inc. Series D (g)	90,284		728,592
Media - 0.0%
Turn, Inc. Series E (a)(g)	205,882		1,292,939
TOTAL CONSUMER DISCRETIONARY			3,435,483
HEALTH CARE - 0.2%
Biotechnology - 0.1%
Moderna LLC Series E (g)	140,307		8,652,733
Seres Health, Inc. Series C 8.00% (g)	142,139		1,728,865
			10,381,598
Health Care Equipment & Supplies - 0.0%
Penumbra, Inc. Series F (g)	257,576		4,499,853
Pharmaceuticals - 0.1%
Kolltan Pharmaceuticals, Inc. Series D (g)	1,692,030		1,692,030
Syros Pharmaceuticals, Inc. Series B, 6.00% (g)	910,312		2,863,933
			4,555,963
TOTAL HEALTH CARE			19,437,414
INDUSTRIALS - 0.1%
Aerospace & Defense - 0.1%
Space Exploration Technologies Corp. Series G (g)	53,937		4,177,960
Convertible Preferred Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Commercial Services & Supplies - 0.0%
Domo, Inc. Series D (a)(g)	613,084		$ 2,875,364
TOTAL INDUSTRIALS			7,053,324
INFORMATION TECHNOLOGY - 0.6%
Internet Software & Services - 0.3%
Uber Technologies, Inc.:
Series D, 8.00% (g)	1,095,852		36,511,159
Series E, 8.00% (g)	51,852		1,727,584
			38,238,743
IT Services - 0.1%
AppNexus, Inc. Series E (g)	209,665		6,331,883
Nutanix, Inc. Series E (g)	274,751		4,310,843
			10,642,726
Software - 0.2%
Appirio, Inc. Series E (g)	704,496		5,030,454
Cloudera, Inc. Series F (g)	113,172		2,486,389
Cloudflare, Inc. Series D (g)	344,325		2,109,163
Dataminr, Inc. Series D (g)	340,106		4,336,352
Taboola.Com Ltd. Series E (g)	331,426		3,455,249
			17,417,607
Technology Hardware, Storage & Peripherals - 0.0%
Pure Storage, Inc. Series F (g)	106,895		1,837,525
TOTAL INFORMATION TECHNOLOGY			68,136,601
TOTAL CONVERTIBLE PREFERRED STOCKS (Cost $74,622,105)		98,062,822
Money Market Funds - 2.6%
	Shares		Value
Fidelity Cash Central Fund, 0.13% (b)	47,912,322		$ 47,912,322
Fidelity Securities Lending Cash Central Fund, 0.13% (b)(c)	241,909,227		241,909,227
TOTAL MONEY MARKET FUNDS (Cost $289,821,549)		289,821,549
TOTAL INVESTMENT PORTFOLIO - 102.4% (Cost $9,102,188,072)			11,418,249,286
NET OTHER ASSETS (LIABILITIES) - (2.4)%			(263,922,255)
NET ASSETS - 100%		$ 11,154,327,031

Legend

(a) Non-income producing

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

(e) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $6,812,178 or 0.1% of net assets.

(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 $107,538,803 or 1.0% of net assets.

Additional information on each restricted holding is as follows:

Security	Acquisition Date	Acquisition Cost
Adimab LLC unit	9/17/14	$ 8,500,005
Appirio, Inc.	2/12/15	$ 718,634
Appirio, Inc. Series E	2/12/15	$ 5,030,454
AppNexus, Inc. Series E	8/1/14	$ 4,200,051
Cloudera, Inc. Series F	2/5/14	$ 1,647,784
Cloudflare, Inc. Series D	11/5/14	$ 2,109,163
Dataminr, Inc. Series D	2/18/15	$ 4,336,352
Domo, Inc. Series D	1/24/14	$ 2,533,999
Security	Acquisition Date	Acquisition Cost
Kolltan Pharmaceuticals, Inc. Series D	3/13/14	$ 1,692,030
Moderna LLC Series E	12/18/14	$ 8,652,733
NJOY, Inc. Series D	2/14/14	$ 1,528,156
Nutanix, Inc. Series E	8/26/14	$ 3,680,702
Penumbra, Inc. Series F	5/16/14	$ 3,400,003
Pure Storage, Inc. Series F	4/17/14	$ 1,681,020
Roku, Inc. Series G, 8.00%	10/1/14	$ 859,496
Seres Health, Inc. 8.00%	11/24/14	$ 1,728,865
Space Exploration Technologies Corp. Series G	1/20/15	$ 4,177,960
Security	Acquisition Date	Acquisition Cost
Syros Pharmaceuticals, Inc. Series B, 6.00%	10/9/14	$ 2,863,933
Taboola.Com Ltd. Series E	12/22/14	$ 3,455,249
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. Series D, 8.00%	6/6/14	$ 17,000,007
Uber Technologies, Inc. Series E, 8.00%	12/5/14	$ 1,727,583

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	$ 21,241
Fidelity Securities Lending Cash Central Fund	379,785
Total	$ 401,026

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 1,667,724,066	$ 1,664,031,241	$ -	$ 3,692,825
Consumer Staples	1,024,693,027	1,024,693,027	-	-
Energy	415,178,263	415,178,263	-	-
Financials	347,318,568	347,318,568	-	-
Health Care	2,436,925,263	2,375,345,863	33,593,800	27,985,600
Industrials	942,694,183	935,640,859	-	7,053,324
Information Technology	4,006,444,058	3,930,401,252	7,187,571	68,855,235
Materials	232,301,576	216,346,798	15,954,778	-
Telecommunication Services	55,148,733	55,148,733	-	-
Money Market Funds	289,821,549	289,821,549	-	-
Total Investments in Securities:	$ 11,418,249,286	$ 11,253,926,153	$ 56,736,149	$ 107,586,984

Income Tax Information

At February 28, 2015, the cost of investment securities for income tax purposes was $9,105,047,010. Net unrealized appreciation aggregated $2,313,202,276, of which $2,645,374,894 related to appreciated investment securities and $332,172,618 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®

February 28, 2015

1.797943.111

NMF-QTLY-0415

Investments February 28, 2015 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.9%
	Shares		Value (000s)
CONSUMER DISCRETIONARY - 15.2%
Auto Components - 0.9%
Johnson Controls, Inc.	395,300		$ 20,085
Tenneco, Inc. (a)	244,900		14,263
			34,348
Automobiles - 1.3%
Harley-Davidson, Inc.	247,400		15,727
Tesla Motors, Inc. (a)(d)	189,500		38,533
			54,260
Distributors - 0.8%
Pool Corp.	441,200		30,518
Hotels, Restaurants & Leisure - 3.1%
ARAMARK Holdings Corp.	1,345,700		42,591
Domino's Pizza, Inc.	154,600		15,697
Marriott International, Inc. Class A	386,400		32,110
Whitbread PLC	418,730		33,971
			124,369
Household Durables - 1.0%
D.R. Horton, Inc.	803,200		21,935
Toll Brothers, Inc. (a)	492,913		18,883
			40,818
Internet & Catalog Retail - 1.2%
Priceline Group, Inc. (a)	26,900		33,288
Rakuten, Inc.	639,000		10,641
Wayfair LLC Class B	202,148		4,248
			48,177
Leisure Products - 0.6%
New Academy Holding Co. LLC unit (a)(f)(g)	66,000		12,594
Vista Outdoor, Inc. (a)	241,200		10,531
			23,125
Media - 3.3%
Comcast Corp. Class A	841,460		49,966
Legend Pictures LLC (a)(e)(g)	1,010		2,388
The Walt Disney Co.	550,700		57,317
Viacom, Inc. Class B (non-vtg.)	353,400		24,717
			134,388
Specialty Retail - 2.3%
Cabela's, Inc. Class A (a)(d)	258,000		14,046
Citi Trends, Inc. (a)	449,466		11,978
PT ACE Hardware Indonesia Tbk	142,145,300		9,293
Common Stocks - continued
	Shares		Value (000s)
CONSUMER DISCRETIONARY - continued
Specialty Retail - continued
TJX Companies, Inc.	594,200		$ 40,786
World Duty Free SpA (a)	1,442,084		16,460
			92,563
Textiles, Apparel & Luxury Goods - 0.7%
Brunello Cucinelli SpA (d)	811,000		16,853
Hermes International SCA (d)	33,100		10,681
			27,534
TOTAL CONSUMER DISCRETIONARY			610,100
CONSUMER STAPLES - 7.0%
Beverages - 0.6%
Constellation Brands, Inc. Class A (sub. vtg.) (a)	203,800		23,380
Food & Staples Retailing - 2.7%
CVS Health Corp.	512,600		53,244
Kroger Co.	280,000		19,922
Masan Consumer Corp. (KKR Masan Aggregator LP) unit (a)(g)	125,000		11,078
Tesco PLC	6,214,200		23,524
			107,768
Food Products - 3.7%
Amira Nature Foods Ltd. (a)(d)	1,353,252		14,020
Associated British Foods PLC	496,900		23,973
General Mills, Inc.	491,200		26,422
Ingredion, Inc.	165,100		13,573
Mead Johnson Nutrition Co. Class A	470,900		49,331
The Hershey Co.	121,131		12,571
WhiteWave Foods Co. (a)	274,300		11,233
			151,123
TOTAL CONSUMER STAPLES			282,271
ENERGY - 10.5%
Energy Equipment & Services - 3.3%
Helmerich & Payne, Inc.	496,900		33,322
Oceaneering International, Inc.	245,937		13,411
Odfjell Drilling A/S	1,916,100		2,220
Schlumberger Ltd.	1,017,900		85,666
			134,619
Common Stocks - continued
	Shares		Value (000s)
ENERGY - continued
Oil, Gas & Consumable Fuels - 7.2%
Anadarko Petroleum Corp.	278,800		$ 23,483
Antero Resources Corp. (a)(d)	652,500		25,741
Cabot Oil & Gas Corp.	997,700		28,933
Chevron Corp.	852,600		90,955
Cimarex Energy Co.	154,800		16,978
EOG Resources, Inc.	355,800		31,922
GasLog Ltd.	655,300		12,968
Golar LNG Ltd.	595,600		18,476
Legacy Reserves LP	771,300		8,870
Memorial Resource Development Corp.	337,000		6,912
Southwestern Energy Co. (a)	277,900		6,970
Suncor Energy, Inc. (d)	545,400		16,374
			288,582
TOTAL ENERGY			423,201
FINANCIALS - 17.1%
Banks - 8.3%
Bank of America Corp.	4,274,100		67,574
First Republic Bank	763,300		43,508
JPMorgan Chase & Co.	1,068,500		65,478
SunTrust Banks, Inc.	601,012		24,641
U.S. Bancorp	832,300		37,129
Wells Fargo & Co.	1,739,100		95,283
			333,613
Capital Markets - 2.1%
Apollo Investment Corp. (d)	1,138,710		8,871
Charles Schwab Corp.	745,400		21,870
KKR & Co. LP	1,192,104		27,240
Morgan Stanley	760,200		27,208
			85,189
Consumer Finance - 0.8%
Capital One Financial Corp.	251,400		19,788
Springleaf Holdings, Inc. (a)	302,600		11,635
			31,423
Insurance - 4.1%
AIA Group Ltd.	3,738,400		22,004
American International Group, Inc.	900,300		49,814
Common Stocks - continued
	Shares		Value (000s)
FINANCIALS - continued
Insurance - continued
Arch Capital Group Ltd. (a)	310,200		$ 18,351
Fairfax Financial Holdings Ltd. (sub. vtg.)	27,900		14,641
First American Financial Corp.	559,800		19,610
The Chubb Corp.	402,000		40,381
			164,801
Real Estate Management & Development - 0.5%
Realogy Holdings Corp. (a)	464,300		21,358
Thrifts & Mortgage Finance - 1.3%
MGIC Investment Corp. (a)(d)	1,967,300		17,961
Radian Group, Inc. (d)	2,028,423		32,069
			50,030
TOTAL FINANCIALS			686,414
HEALTH CARE - 14.0%
Biotechnology - 1.1%
Amgen, Inc.	283,080		44,647
Health Care Equipment & Supplies - 2.9%
Align Technology, Inc. (a)	249,983		14,337
Boston Scientific Corp. (a)	1,966,200		33,229
Edwards Lifesciences Corp. (a)	206,778		27,506
HeartWare International, Inc. (a)	270,050		23,016
The Cooper Companies, Inc.	114,941		18,847
			116,935
Health Care Providers & Services - 4.7%
Amplifon SpA (d)	1,645,850		10,498
Capital Senior Living Corp. (a)	558,100		13,953
Community Health Systems, Inc. (a)	265,300		12,872
Corvel Corp. (a)	226,700		8,032
Express Scripts Holding Co. (a)	360,000		30,524
Henry Schein, Inc. (a)	168,000		23,528
Humana, Inc.	93,400		15,353
UnitedHealth Group, Inc.	430,500		48,918
Universal Health Services, Inc. Class B	200,900		22,772
			186,450
Health Care Technology - 0.3%
Medidata Solutions, Inc. (a)	203,000		9,766
Life Sciences Tools & Services - 2.0%
Agilent Technologies, Inc.	393,700		16,618
Common Stocks - continued
	Shares		Value (000s)
HEALTH CARE - continued
Life Sciences Tools & Services - continued
Eurofins Scientific SA	179,600		$ 48,728
Illumina, Inc. (a)	81,700		15,969
			81,315
Pharmaceuticals - 3.0%
Astellas Pharma, Inc.	1,028,400		16,343
Johnson & Johnson	905,200		92,792
Prestige Brands Holdings, Inc. (a)	300,000		11,562
			120,697
TOTAL HEALTH CARE			559,810
INDUSTRIALS - 9.2%
Aerospace & Defense - 2.6%
Esterline Technologies Corp. (a)	95,600		11,266
KEYW Holding Corp. (a)(d)	1,477,438		12,898
Precision Castparts Corp.	78,800		17,044
Teledyne Technologies, Inc. (a)	103,200		10,406
Textron, Inc.	426,600		18,903
TransDigm Group, Inc.	150,200		32,572
			103,089
Air Freight & Logistics - 1.6%
C.H. Robinson Worldwide, Inc.	248,900		18,493
Hub Group, Inc. Class A (a)	304,216		12,281
United Parcel Service, Inc. Class B	321,945		32,751
			63,525
Commercial Services & Supplies - 0.8%
Interface, Inc.	698,800		14,109
KAR Auction Services, Inc.	262,900		9,588
U.S. Ecology, Inc. (d)	193,056		9,425
			33,122
Construction & Engineering - 0.3%
Jacobs Engineering Group, Inc. (a)	268,644		11,912
Electrical Equipment - 1.3%
Eaton Corp. PLC	407,551		28,940
OSRAM Licht AG (d)	234,004		10,731
Rockwell Automation, Inc.	115,958		13,572
			53,243
Common Stocks - continued
	Shares		Value (000s)
INDUSTRIALS - continued
Machinery - 0.6%
Harmonic Drive Systems, Inc.	710,800		$ 12,662
Pall Corp.	101,700		10,252
			22,914
Road & Rail - 0.9%
J.B. Hunt Transport Services, Inc.	134,700		11,517
Kansas City Southern	207,200		24,002
			35,519
Trading Companies & Distributors - 1.1%
Rush Enterprises, Inc. Class A (a)	294,100		8,214
United Rentals, Inc. (a)	393,300		36,600
			44,814
TOTAL INDUSTRIALS			368,138
INFORMATION TECHNOLOGY - 18.6%
Communications Equipment - 0.7%
Brocade Communications Systems, Inc.	1,073,600		13,302
Juniper Networks, Inc.	578,400		13,830
			27,132
Electronic Equipment & Components - 1.1%
Amphenol Corp. Class A	414,982		23,430
TE Connectivity Ltd.	285,200		20,571
			44,001
Internet Software & Services - 4.6%
Akamai Technologies, Inc. (a)	347,300		24,141
Cornerstone OnDemand, Inc. (a)	240,140		7,676
Demandware, Inc. (a)	201,200		12,714
eBay, Inc. (a)	596,400		34,538
Endurance International Group Holdings, Inc. (a)	723,400		13,470
Facebook, Inc. Class A (a)	519,700		41,041
Google, Inc. Class A (a)	72,900		41,016
Shutterstock, Inc. (a)(d)	151,740		8,581
			183,177
IT Services - 5.8%
Cognizant Technology Solutions Corp. Class A (a)	362,800		22,670
Fidelity National Information Services, Inc.	368,000		24,873
Fiserv, Inc. (a)	181,600		14,178
IBM Corp.	416,100		67,383
Paychex, Inc.	390,800		19,476
Common Stocks - continued
	Shares		Value (000s)
INFORMATION TECHNOLOGY - continued
IT Services - continued
Total System Services, Inc.	543,500		$ 20,762
Visa, Inc. Class A	237,000		64,300
			233,642
Semiconductors & Semiconductor Equipment - 1.3%
Applied Materials, Inc.	1,131,000		28,332
Broadcom Corp. Class A	552,200		24,976
			53,308
Software - 4.8%
Aspen Technology, Inc. (a)	334,000		12,894
Callidus Software, Inc. (a)	764,300		10,922
Citrix Systems, Inc. (a)	183,100		11,659
Microsoft Corp.	1,952,700		85,626
Oracle Corp.	1,229,000		53,855
ServiceNow, Inc. (a)	203,500		15,519
Trion World Network, Inc.:
warrants 8/10/17 (a)(g)	28,652		0
warrants 10/3/18 (a)(g)	41,940		0
			190,475
Technology Hardware, Storage & Peripherals - 0.3%
First Data Holdings, Inc. Class B (g)	3,375,102		13,433
TOTAL INFORMATION TECHNOLOGY			745,168
MATERIALS - 3.6%
Chemicals - 3.3%
Cytec Industries, Inc.	350,000		18,386
Ecolab, Inc.	242,800		28,053
LyondellBasell Industries NV Class A	356,100		30,593
Monsanto Co.	265,900		32,022
Praxair, Inc.	176,400		22,562
			131,616
Construction Materials - 0.1%
Caesarstone Sdot-Yam Ltd.	83,500		5,462
Metals & Mining - 0.2%
Constellium NV (a)	294,600		5,571
TOTAL MATERIALS			142,649
Common Stocks - continued
	Shares		Value (000s)
TELECOMMUNICATION SERVICES - 1.7%
Diversified Telecommunication Services - 1.7%
Verizon Communications, Inc.	1,356,485		$ 67,078
UTILITIES - 2.0%
Electric Utilities - 1.6%
Exelon Corp.	626,200		21,241
Pinnacle West Capital Corp.	314,800		20,172
Southern Co.	551,900		25,272
			66,685
Multi-Utilities - 0.4%
Alliant Energy Corp.	237,600		15,111
TOTAL UTILITIES			81,796
TOTAL COMMON STOCKS (Cost $3,164,111)		3,966,625
Convertible Preferred Stocks - 0.0%

CONSUMER DISCRETIONARY - 0.0%
Media - 0.0%
Mode Media Corp. Series M-1, 8.00% (a)(g)	128,191		219
INFORMATION TECHNOLOGY - 0.0%
Software - 0.0%
Trion World Network, Inc.:
Series C, 8.00% (a)(g)	910,747		501
Series C-1, 8.00% (a)(g)	71,630		39
Series D, 8.00% (a)(g)	76,875		42
			582
TOTAL CONVERTIBLE PREFERRED STOCKS (Cost $8,517)		801
Convertible Bonds - 0.0%
	Principal Amount (000s)		Value (000s)
INFORMATION TECHNOLOGY - 0.0%
Software - 0.0%
Trion World Network, Inc. 15% 10/10/15 pay-in-kind (g) (Cost $300)	$ 300		$ 300
Money Market Funds - 3.6%
	Shares
Fidelity Cash Central Fund, 0.13% (b)	2,710,241		2,710
Fidelity Securities Lending Cash Central Fund, 0.13% (b)(c)	138,558,122		138,558
TOTAL MONEY MARKET FUNDS (Cost $141,268)		141,268
TOTAL INVESTMENT PORTFOLIO - 102.5% (Cost $3,314,196)			4,108,994
NET OTHER ASSETS (LIABILITIES) - (2.5)%			(98,612)
NET ASSETS - 100%		$ 4,010,382

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) Investment is owned by an entity that is treated as a U.S. Corporation for tax purposes in which the Fund holds a percentage ownership.

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
Legend Pictures LLC	9/23/10 - 12/18/12	$ 1,108
Masan Consumer Corp. (KKR Masan Aggregator LP) unit	4/3/13	$ 12,620
Mode Media Corp. Series M-1, 8.00%	3/19/08	$ 2,719
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. Series C, 8.00%	8/22/08	$ 5,001
Security	Acquisition Date	Acquisition Cost (000s)
Trion World Network, Inc. Series C-1, 8.00%	8/10/10	$ 393
Trion World Network, Inc. Series D, 8.00%	3/20/13	$ 404
Trion World Network, Inc. 15% 10/10/15 pay-in-kind	10/10/13 - 10/10/14	$ 300

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 (Amount in thousands)
Fidelity Cash Central Fund	$ 45
Fidelity Securities Lending Cash Central Fund	959
Total	$ 1,004

Other Information

Valuation Inputs at Reporting Date:
Description (Amounts in thousands)	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 610,319	$ 590,870	$ 4,248	$ 15,201
Consumer Staples	282,271	247,669	23,524	11,078
Energy	423,201	423,201	-	-
Financials	686,414	686,414	-	-
Health Care	559,810	559,810	-	-
Industrials	368,138	368,138	-	-
Information Technology	745,750	731,735	-	14,015
Materials	142,649	142,649	-	-
Telecommunication Services	67,078	67,078	-	-
Utilities	81,796	81,796	-	-
Corporate Bonds	300	-	-	300
Money Market Funds	141,268	141,268	-	-
Total Investments in Securities:	$ 4,108,994	$ 4,040,628	$ 27,772	$ 40,594

Income Tax Information

At February 28, 2015, the cost of investment securities for income tax purposes was $3,321,529,000. Net unrealized appreciation aggregated $787,465,000, of which $900,216,000 related to appreciated investment securities and $112,751,000 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. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fidelity Management & Research Company (FMR) Fair Value Committee (the Committee). In accordance with valuation policies and procedures approved by 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 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 and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. 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.

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:	April 29, 2015

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:	April 29, 2015
By:	/s/Howard J. Galligan III
	Howard J. Galligan III
	Chief Financial Officer

Date:	April 29, 2015