0001752724-24-089282.txt : 20240424 0001752724-24-089282.hdr.sgml : 20240424 20240424141941 ACCESSION NUMBER: 0001752724-24-089282 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240229 FILED AS OF DATE: 20240424 DATE AS OF CHANGE: 20240424 PERIOD START: 20241130 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY MT VERNON STREET TRUST CENTRAL INDEX KEY: 0000707823 ORGANIZATION NAME: IRS NUMBER: 000000000 FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-03583 FILM NUMBER: 24869718 BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 617-563-7000 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY GROWTH COMPANY FUND DATE OF NAME CHANGE: 19910110 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY MERCURY FUND DATE OF NAME CHANGE: 19861216 0000707823 S000007118 Fidelity Growth Strategies Fund C000019447 Fidelity Growth Strategies Fund FDEGX C000064241 Class K FAGKX NPORT-P 1 primary_doc.xml NPORT-P false 0000707823 XXXXXXXX S000007118 C000019447 C000064241 Fidelity Mt. 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Smith Stacie M. Smith Stacie M. Smith President and Treasurer XXXX NPORT-EX 2 QTLY_324_20240229.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Growth Strategies Fund
February 29, 2024
FEG-NPRT1-0424
1.797938.120
Common Stocks - 98.9%
 
 
Shares
Value ($)
(000s)
 
COMMUNICATION SERVICES - 3.6%
 
 
 
Entertainment - 0.6%
 
 
 
Live Nation Entertainment, Inc. (a)
 
222,100
21,539
Interactive Media & Services - 1.3%
 
 
 
Pinterest, Inc. Class A (a)
 
1,218,400
44,715
Media - 1.7%
 
 
 
The Trade Desk, Inc. (a)
 
707,000
60,399
TOTAL COMMUNICATION SERVICES
 
 
126,653
CONSUMER DISCRETIONARY - 11.6%
 
 
 
Broadline Retail - 0.2%
 
 
 
Coupang, Inc. Class A (a)
 
420,000
7,778
Distributors - 0.3%
 
 
 
Pool Corp.
 
28,115
11,193
Diversified Consumer Services - 0.6%
 
 
 
Duolingo, Inc. (a)
 
88,156
21,069
Hotels, Restaurants & Leisure - 1.9%
 
 
 
Chipotle Mexican Grill, Inc. (a)
 
6,730
18,095
Domino's Pizza, Inc.
 
59,400
26,632
Doordash, Inc. (a)
 
50,000
6,229
Expedia, Inc. (a)
 
75,263
10,297
Wyndham Hotels & Resorts, Inc.
 
81,600
6,246
 
 
 
67,499
Household Durables - 2.5%
 
 
 
Lennar Corp. Class A
 
93,900
14,884
NVR, Inc. (a)
 
2,200
16,776
PulteGroup, Inc.
 
292,096
31,657
TopBuild Corp. (a)
 
55,500
22,332
 
 
 
85,649
Specialty Retail - 4.7%
 
 
 
AutoZone, Inc. (a)
 
13,395
40,266
Dick's Sporting Goods, Inc.
 
165,000
29,352
Murphy U.S.A., Inc.
 
102,000
42,535
O'Reilly Automotive, Inc. (a)
 
27,500
29,904
Ross Stores, Inc.
 
132,300
19,707
 
 
 
161,764
Textiles, Apparel & Luxury Goods - 1.4%
 
 
 
Crocs, Inc. (a)
 
346,440
42,352
Deckers Outdoor Corp. (a)
 
4,987
4,466
 
 
 
46,818
TOTAL CONSUMER DISCRETIONARY
 
 
401,770
CONSUMER STAPLES - 1.6%
 
 
 
Beverages - 0.4%
 
 
 
Celsius Holdings, Inc. (a)(b)
 
184,485
15,058
Consumer Staples Distribution & Retail - 0.9%
 
 
 
BJ's Wholesale Club Holdings, Inc. (a)
 
132,945
9,710
Casey's General Stores, Inc.
 
66,500
20,249
 
 
 
29,959
Food Products - 0.3%
 
 
 
Lamb Weston Holdings, Inc.
 
110,600
11,304
TOTAL CONSUMER STAPLES
 
 
56,321
ENERGY - 3.5%
 
 
 
Energy Equipment & Services - 0.3%
 
 
 
TechnipFMC PLC
 
500,000
10,845
Oil, Gas & Consumable Fuels - 3.2%
 
 
 
Antero Resources Corp. (a)
 
424,712
10,915
APA Corp.
 
90,338
2,691
Cenovus Energy, Inc.
 
922,000
16,070
Cheniere Energy, Inc.
 
278,000
43,146
Hess Corp.
 
223,700
32,604
Valero Energy Corp.
 
49,000
6,932
 
 
 
112,358
TOTAL ENERGY
 
 
123,203
FINANCIALS - 10.8%
 
 
 
Capital Markets - 6.6%
 
 
 
Ameriprise Financial, Inc.
 
155,000
63,141
Ares Management Corp.
 
301,000
39,922
Cboe Global Markets, Inc.
 
102,100
19,603
KKR & Co. LP
 
202,300
19,878
LPL Financial
 
70,000
18,752
MSCI, Inc.
 
92,000
51,609
Tradeweb Markets, Inc. Class A
 
149,300
15,799
 
 
 
228,704
Financial Services - 2.8%
 
 
 
Apollo Global Management, Inc.
 
859,600
96,107
Insurance - 1.4%
 
 
 
Arthur J. Gallagher & Co.
 
118,000
28,784
Globe Life, Inc.
 
67,400
8,555
Kinsale Capital Group, Inc.
 
25,600
13,214
 
 
 
50,553
TOTAL FINANCIALS
 
 
375,364
HEALTH CARE - 16.4%
 
 
 
Biotechnology - 0.4%
 
 
 
Moderna, Inc. (a)
 
142,281
13,124
Health Care Equipment & Supplies - 7.0%
 
 
 
DexCom, Inc. (a)
 
570,900
65,693
IDEXX Laboratories, Inc. (a)
 
23,400
13,460
Insulet Corp. (a)
 
253,000
41,492
Penumbra, Inc. (a)
 
21,100
4,957
ResMed, Inc.
 
444,200
77,166
Shockwave Medical, Inc. (a)
 
157,500
41,087
 
 
 
243,855
Health Care Providers & Services - 5.4%
 
 
 
Cardinal Health, Inc.
 
755,000
84,545
Centene Corp. (a)
 
290,000
22,745
Molina Healthcare, Inc. (a)
 
203,000
79,964
 
 
 
187,254
Health Care Technology - 0.8%
 
 
 
Doximity, Inc. (a)
 
184,138
5,198
Veeva Systems, Inc. Class A (a)
 
99,970
22,544
 
 
 
27,742
Life Sciences Tools & Services - 2.8%
 
 
 
Mettler-Toledo International, Inc. (a)
 
41,700
52,009
West Pharmaceutical Services, Inc.
 
125,900
45,118
 
 
 
97,127
TOTAL HEALTH CARE
 
 
569,102
INDUSTRIALS - 26.6%
 
 
 
Aerospace & Defense - 3.0%
 
 
 
Howmet Aerospace, Inc.
 
425,000
28,284
TransDigm Group, Inc.
 
65,800
77,495
 
 
 
105,779
Building Products - 3.1%
 
 
 
Builders FirstSource, Inc. (a)
 
86,100
16,805
Carrier Global Corp.
 
690,000
38,350
Trane Technologies PLC
 
189,700
53,490
 
 
 
108,645
Commercial Services & Supplies - 4.9%
 
 
 
Cintas Corp.
 
121,568
76,419
Copart, Inc.
 
1,576,700
83,802
GFL Environmental, Inc. (b)
 
266,274
9,607
 
 
 
169,828
Construction & Engineering - 3.1%
 
 
 
Comfort Systems U.S.A., Inc.
 
1,268
388
EMCOR Group, Inc.
 
135,300
42,419
Quanta Services, Inc.
 
275,000
66,415
 
 
 
109,222
Electrical Equipment - 3.9%
 
 
 
AMETEK, Inc.
 
142,000
25,586
Atkore, Inc.
 
183,800
31,136
Nextracker, Inc. Class A
 
316,280
17,788
nVent Electric PLC
 
366,300
24,659
Vertiv Holdings Co.
 
560,000
37,867
 
 
 
137,036
Ground Transportation - 2.9%
 
 
 
Old Dominion Freight Lines, Inc.
 
178,500
78,983
Saia, Inc. (a)
 
36,900
21,232
 
 
 
100,215
Machinery - 2.1%
 
 
 
IDEX Corp.
 
25,066
5,913
PACCAR, Inc.
 
238,000
26,392
Parker Hannifin Corp.
 
73,100
39,141
 
 
 
71,446
Professional Services - 1.1%
 
 
 
Booz Allen Hamilton Holding Corp. Class A
 
82,930
12,250
Verisk Analytics, Inc.
 
100,000
24,190
 
 
 
36,440
Trading Companies & Distributors - 2.5%
 
 
 
W.W. Grainger, Inc.
 
88,671
86,318
TOTAL INDUSTRIALS
 
 
924,929
INFORMATION TECHNOLOGY - 21.5%
 
 
 
Electronic Equipment, Instruments & Components - 4.2%
 
 
 
Amphenol Corp. Class A
 
540,000
58,990
CDW Corp.
 
224,200
55,200
Vontier Corp.
 
700,000
30,100
 
 
 
144,290
IT Services - 4.5%
 
 
 
EPAM Systems, Inc. (a)
 
75,900
23,104
Gartner, Inc. (a)
 
171,900
80,030
MongoDB, Inc. Class A (a)
 
121,500
54,381
 
 
 
157,515
Semiconductors & Semiconductor Equipment - 5.7%
 
 
 
Broadcom, Inc.
 
7,997
10,400
Enphase Energy, Inc. (a)
 
102,800
13,057
KLA Corp.
 
13,700
9,348
Lam Research Corp.
 
9,074
8,514
Lattice Semiconductor Corp. (a)
 
316,300
24,232
Monolithic Power Systems, Inc.
 
73,000
52,563
NXP Semiconductors NV
 
51,000
12,736
ON Semiconductor Corp. (a)
 
851,000
67,161
 
 
 
198,011
Software - 7.0%
 
 
 
Atlassian Corp. PLC (a)
 
38,200
7,923
Cadence Design Systems, Inc. (a)
 
61,500
18,719
Crowdstrike Holdings, Inc. (a)
 
210,000
68,072
Dynatrace, Inc. (a)
 
644,800
31,950
Fair Isaac Corp. (a)
 
22,100
28,065
Fortinet, Inc. (a)
 
310,000
21,424
HubSpot, Inc. (a)
 
53,400
33,044
Intuit, Inc.
 
11,695
7,752
Roper Technologies, Inc.
 
14,966
8,152
Synopsys, Inc. (a)
 
30,400
17,441
 
 
 
242,542
Technology Hardware, Storage & Peripherals - 0.1%
 
 
 
Pure Storage, Inc. Class A (a)
 
84,800
4,465
TOTAL INFORMATION TECHNOLOGY
 
 
746,823
MATERIALS - 1.9%
 
 
 
Construction Materials - 0.7%
 
 
 
CRH PLC
 
277,513
23,397
Metals & Mining - 1.2%
 
 
 
Steel Dynamics, Inc.
 
321,200
42,983
TOTAL MATERIALS
 
 
66,380
REAL ESTATE - 0.5%
 
 
 
Equity Real Estate Investment Trusts (REITs) - 0.5%
 
 
 
Iron Mountain, Inc.
 
241,100
18,960
UTILITIES - 0.9%
 
 
 
Independent Power and Renewable Electricity Producers - 0.9%
 
 
 
Vistra Corp.
 
586,000
31,960
 
TOTAL COMMON STOCKS
 (Cost $2,090,773)
 
 
 
3,441,465
 
 
 
 
Money Market Funds - 2.2%
 
 
Shares
Value ($)
(000s)
 
Fidelity Cash Central Fund 5.39% (c)
 
52,161,175
52,172
Fidelity Securities Lending Cash Central Fund 5.39% (c)(d)
 
22,246,122
22,248
 
TOTAL MONEY MARKET FUNDS
 (Cost $74,419)
 
 
74,420
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 101.1%
 (Cost $2,165,192)
 
 
 
3,515,885
NET OTHER ASSETS (LIABILITIES) - (1.1)%  
(37,530)
NET ASSETS - 100.0%
3,478,355
 
 
Any values shown as $0 in the Schedule of Investments may reflect amounts less than $500.
 
Legend
 
(a)
Non-income producing
 
(b)
Security or a portion of the security is on loan at period end.
 
(c)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
 
(d)
Investment made with cash collateral received from securities on loan.
 
 
 
 
Affiliated Central Funds
 
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
 
 
Affiliate (Amounts in thousands)
Value,
beginning
of period ($)
Purchases ($)
Sales
Proceeds ($)
Dividend
Income ($)
Realized
Gain (loss) ($)
Change in
Unrealized
appreciation
(depreciation) ($)
Value,
end
of period ($)
% ownership,
end
of period
Fidelity Cash Central Fund 5.39%
66,423
348,840
363,091
800
-
-
52,172
0.1%
Fidelity Securities Lending Cash Central Fund 5.39%
30,848
118,789
127,389
9
-
-
22,248
0.1%
Total
97,271
467,629
490,480
809
-
-
74,420
 
 
 
 
 
 
 
 
 
 
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
 
 
Amounts in the dividend income column for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.   
 
The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
 
Level 1 - Unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)
 
Valuation techniques used to value investments by major category are as follows:
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing service on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For any foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.
 
Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
 
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.
 
For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.
 
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.
 
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