N-Q 1 main.htm

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

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-3785

Fidelity Advisor Series I
 (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:

December 31

 

 

Date of reporting period:

March 31, 2013

Item 1. Schedule of Investments

Quarterly Holdings Report

for

Fidelity Advisor® Mid Cap II Fund
Class A
Class T
Class B
Class C
Institutional Class

March 31, 2013 

1.814652.108

AMP-QTLY-0513

Investments March 31, 2013 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 93.3%

Shares

Value

CONSUMER DISCRETIONARY - 21.8%

Auto Components - 1.9%

Cooper Tire & Rubber Co.

308,625

$ 7,919,318

Delphi Automotive PLC

396,365

17,598,606

Gentex Corp.

168,517

3,372,025

Johnson Controls, Inc.

251,920

8,834,834

New Focus Auto Tech Holdings Ltd. (a)

1,819,910

154,735

Standard Motor Products, Inc.

146,060

4,048,783

Tenneco, Inc. (a)

271,409

10,669,088

 

52,597,389

Automobiles - 0.0%

Winnebago Industries, Inc. (a)

70,250

1,449,960

Distributors - 0.2%

Core-Mark Holding Co., Inc.

5,915

303,499

LKQ Corp. (a)

231,357

5,034,328

 

5,337,827

Diversified Consumer Services - 2.5%

American Public Education, Inc. (a)

328,825

11,472,704

DeVry, Inc.

63,625

2,020,094

Grand Canyon Education, Inc. (a)

696,627

17,687,360

H&R Block, Inc.

972,695

28,616,687

Matthews International Corp. Class A

7,379

257,453

Service Corp. International

376,600

6,300,518

Universal Technical Institute, Inc.

253,977

3,207,730

 

69,562,546

Hotels, Restaurants & Leisure - 3.4%

AFC Enterprises, Inc. (a)

137,882

5,009,253

Bally Technologies, Inc. (a)

174,079

9,046,886

Bravo Brio Restaurant Group, Inc. (a)

236,943

3,750,808

Fiesta Restaurant Group, Inc. (a)

32,891

873,914

Interval Leisure Group, Inc.

364,665

7,927,817

Jubilant Foodworks Ltd. (a)

155,336

3,558,630

Paddy Power PLC (Ireland)

77,100

6,957,677

Panera Bread Co. Class A (a)

819

135,332

Papa John's International, Inc. (a)

166,353

10,283,942

Texas Roadhouse, Inc. Class A

342,796

6,921,051

The Cheesecake Factory, Inc.

463,958

17,913,418

Wyndham Worldwide Corp.

330,074

21,283,172

 

93,661,900

Household Durables - 1.8%

ARNEST ONE Corp.

357,400

7,035,238

Common Stocks - continued

Shares

Value

CONSUMER DISCRETIONARY - continued

Household Durables - continued

Haseko Corp. (a)

6,733,500

$ 6,151,601

Jarden Corp. (a)

491,247

21,049,934

Whirlpool Corp.

147,119

17,427,717

 

51,664,490

Internet & Catalog Retail - 1.8%

Expedia, Inc.

161,813

9,710,398

HSN, Inc.

699,706

38,385,871

TripAdvisor, Inc. (a)

39,700

2,085,044

 

50,181,313

Leisure Equipment & Products - 0.7%

Brunswick Corp.

72,897

2,494,535

Polaris Industries, Inc.

183,302

16,953,602

 

19,448,137

Media - 4.0%

Belo Corp. Series A

537,548

5,284,097

Cheil Worldwide, Inc.

334,620

7,237,699

Cinemark Holdings, Inc.

348,011

10,245,444

Comcast Corp. Class A

360,715

15,153,637

Discovery Communications, Inc. (a)

358,459

28,225,062

John Wiley & Sons, Inc. Class A

62,020

2,416,299

KT Skylife Co. Ltd.

363,450

11,080,974

Pearson PLC

23,300

419,174

Sinclair Broadcast Group, Inc. Class A

110,000

2,226,400

Time Warner, Inc.

515,004

29,674,530

 

111,963,316

Specialty Retail - 4.7%

American Eagle Outfitters, Inc.

254,654

4,762,030

Asbury Automotive Group, Inc. (a)

132,757

4,870,854

Cabela's, Inc. Class A (a)

29,817

1,812,277

Foot Locker, Inc.

453,281

15,520,341

Group 1 Automotive, Inc.

118,176

7,098,832

Guess?, Inc.

40,712

1,010,879

Lithia Motors, Inc. Class A (sub. vtg.)

338,263

16,060,727

Office Depot, Inc. (a)

1,208,801

4,750,588

Penske Automotive Group, Inc.

333,474

11,124,693

PetSmart, Inc.

9,911

615,473

Rent-A-Center, Inc.

182,643

6,746,832

Ross Stores, Inc.

107,106

6,492,766

Signet Jewelers Ltd.

201,452

13,497,284

Common Stocks - continued

Shares

Value

CONSUMER DISCRETIONARY - continued

Specialty Retail - continued

Sonic Automotive, Inc. Class A (sub. vtg.)

732,946

$ 16,242,083

Stage Stores, Inc.

98,300

2,544,004

The Men's Wearhouse, Inc.

118,803

3,970,396

TJX Companies, Inc.

220,908

10,327,449

Tsutsumi Jewelry Co. Ltd.

52,500

1,417,698

Vitamin Shoppe, Inc. (a)

24,400

1,191,940

 

130,057,146

Textiles, Apparel & Luxury Goods - 0.8%

adidas AG

75,300

7,812,596

G-III Apparel Group Ltd. (a)

132,339

5,308,117

Page Industries Ltd.

8,386

513,136

PVH Corp.

75,751

8,090,964

 

21,724,813

TOTAL CONSUMER DISCRETIONARY

607,648,837

CONSUMER STAPLES - 4.8%

Beverages - 0.2%

Dr. Pepper Snapple Group, Inc.

112,454

5,279,715

Food & Staples Retailing - 1.5%

Kroger Co.

1,288,248

42,692,539

Food Products - 2.9%

Archer Daniels Midland Co.

1,397,048

47,122,423

Britannia Industries Ltd. (a)

82,351

794,234

ConAgra Foods, Inc.

102,511

3,670,919

Ingredion, Inc.

136,356

9,861,266

Lancaster Colony Corp.

25,060

1,929,620

Post Holdings, Inc. (a)

40,765

1,750,041

SunOpta, Inc. (a)

231,400

1,671,975

Want Want China Holdings Ltd.

8,812,000

13,508,808

 

80,309,286

Household Products - 0.1%

Jyothy Laboratories Ltd.

268,500

818,868

Spectrum Brands Holdings, Inc.

37,791

2,138,593

 

2,957,461

Personal Products - 0.1%

Elizabeth Arden, Inc. (a)

38,249

1,539,522

TOTAL CONSUMER STAPLES

132,778,523

Common Stocks - continued

Shares

Value

ENERGY - 8.5%

Energy Equipment & Services - 3.6%

Diamond Offshore Drilling, Inc. (d)

126,600

$ 8,806,296

Dresser-Rand Group, Inc. (a)

125,734

7,752,758

Ensco PLC Class A

299,966

17,997,960

McDermott International, Inc. (a)

2,567,419

28,215,935

Noble Corp.

346,687

13,226,109

Oil States International, Inc. (a)

85,826

7,000,827

TETRA Technologies, Inc. (a)

265,852

2,727,642

TGS Nopec Geophysical Co. ASA

207,200

7,804,477

Unit Corp. (a)

143,964

6,557,560

 

100,089,564

Oil, Gas & Consumable Fuels - 4.9%

Alpha Natural Resources, Inc. (a)

334,557

2,746,713

Apache Corp.

66,996

5,169,411

Canadian Natural Resources Ltd.

453,300

14,533,623

Denbury Resources, Inc. (a)

595,568

11,107,343

Emerald Oil, Inc. warrants 2/4/16 (a)

56,881

1

Energen Corp.

188,200

9,788,282

Energy XXI (Bermuda) Ltd.

95,953

2,611,841

ENI SpA

93,115

2,092,371

Hess Corp.

100,850

7,221,869

Marathon Oil Corp.

352,389

11,882,557

Marathon Petroleum Corp.

166,253

14,896,269

Murphy Oil Corp.

142,952

9,110,331

Occidental Petroleum Corp.

80,600

6,316,622

Phillips 66

82,560

5,776,723

Rosetta Resources, Inc. (a)

261,842

12,458,442

Swift Energy Co. (a)

244

3,614

Valero Energy Corp.

153,417

6,978,939

Whiting Petroleum Corp. (a)

176,416

8,968,989

World Fuel Services Corp.

108,319

4,302,431

WPX Energy, Inc. (a)

626

10,029

 

135,976,400

TOTAL ENERGY

236,065,964

FINANCIALS - 13.2%

Capital Markets - 4.1%

Affiliated Managers Group, Inc. (a)

114,919

17,648,111

AllianceBernstein Holding LP

299,904

6,567,898

BlackRock, Inc. Class A

86,155

22,131,496

Common Stocks - continued

Shares

Value

FINANCIALS - continued

Capital Markets - continued

Invesco Ltd.

515,600

$ 14,931,776

Janus Capital Group, Inc.

242,800

2,282,320

Marusan Securities Co. Ltd.

314,200

2,333,094

Monex Group, Inc.

14,357

5,780,318

SEI Investments Co.

519,753

14,994,874

The Blackstone Group LP

318,700

6,303,886

Virtus Investment Partners, Inc. (a)

14,449

2,691,560

Waddell & Reed Financial, Inc. Class A

178,700

7,823,486

Walter Investment Management Corp. (a)

294,570

10,972,733

 

114,461,552

Commercial Banks - 3.8%

BB&T Corp.

91,518

2,872,750

City National Corp.

76,495

4,506,320

Comerica, Inc.

278,200

10,001,290

Commerce Bancshares, Inc.

138,094

5,638,378

Cullen/Frost Bankers, Inc.

60,684

3,794,571

First Commonwealth Financial Corp.

983,475

7,336,724

First Niagara Financial Group, Inc.

749,137

6,637,354

Glacier Bancorp, Inc.

59,916

1,137,206

Huntington Bancshares, Inc.

2,554,416

18,877,134

PrivateBancorp, Inc.

607,324

11,484,497

Regions Financial Corp.

826,066

6,765,481

Shinsei Bank Ltd.

4,980,000

11,215,381

SunTrust Banks, Inc.

397,718

11,458,256

Synovus Financial Corp.

896,227

2,482,549

Texas Capital Bancshares, Inc. (a)

17,185

695,133

 

104,903,024

Consumer Finance - 1.7%

ACOM Co. Ltd. (a)

305,470

8,758,309

Credit Acceptance Corp. (a)

79,477

9,707,321

Credit Saison Co. Ltd.

144,500

3,598,109

Discover Financial Services

42,328

1,897,988

Hitachi Capital Corp.

351,000

7,591,607

Portfolio Recovery Associates, Inc. (a)

29,157

3,700,606

SLM Corp.

510,915

10,463,539

 

45,717,479

Common Stocks - continued

Shares

Value

FINANCIALS - continued

Diversified Financial Services - 0.2%

CRISIL Ltd.

46,923

$ 762,380

ORIX Corp.

464,700

5,879,403

 

6,641,783

Insurance - 1.3%

Assured Guaranty Ltd.

223,746

4,611,405

Lincoln National Corp.

100,945

3,291,816

Old Republic International Corp.

1,169,304

14,861,854

Protective Life Corp.

173,391

6,207,398

Reinsurance Group of America, Inc.

93,985

5,608,085

 

34,580,558

Real Estate Investment Trusts - 0.7%

Coresite Realty Corp.

311,489

10,895,885

Corrections Corp. of America

79,947

3,123,529

Extra Space Storage, Inc.

61,580

2,418,247

Kite Realty Group Trust

504,700

3,401,678

 

19,839,339

Real Estate Management & Development - 1.2%

Altisource Asset Management Corp. (a)

25,603

3,456,405

Altisource Portfolio Solutions SA

186,225

12,989,194

Altisource Residential Corp. Class B (a)(d)

85,344

1,706,880

Jones Lang LaSalle, Inc.

89,821

8,929,106

Wharf Holdings Ltd.

727,000

6,480,912

 

33,562,497

Thrifts & Mortgage Finance - 0.2%

EverBank Financial Corp.

200,899

3,093,845

Nationstar Mortgage Holdings, Inc. (d)

94,900

3,501,810

 

6,595,655

TOTAL FINANCIALS

366,301,887

HEALTH CARE - 5.9%

Biotechnology - 1.4%

Amgen, Inc.

47,500

4,869,225

Biogen Idec, Inc. (a)

12,500

2,411,375

Celgene Corp. (a)

47,585

5,515,577

Puma Biotechnology, Inc.

33,200

1,108,548

Regeneron Pharmaceuticals, Inc. (a)

33,138

5,845,543

United Therapeutics Corp. (a)

338,744

20,619,347

 

40,369,615

Common Stocks - continued

Shares

Value

HEALTH CARE - continued

Health Care Equipment & Supplies - 2.0%

Boston Scientific Corp. (a)

2,053,664

$ 16,039,116

Greatbatch, Inc. (a)

86,353

2,579,364

Hologic, Inc. (a)

306,685

6,931,081

ResMed, Inc. (d)

14,970

694,009

St. Jude Medical, Inc.

86,871

3,513,063

Stryker Corp.

207,300

13,524,252

SurModics, Inc. (a)

122,645

3,342,076

Thoratec Corp. (a)

87,161

3,268,538

Trinity Biotech PLC sponsored ADR

318,868

5,382,492

 

55,273,991

Health Care Providers & Services - 1.5%

AMN Healthcare Services, Inc. (a)

581,720

9,208,628

Community Health Systems, Inc.

69,437

3,290,619

Health Management Associates, Inc. Class A (a)

375,994

4,839,043

Healthways, Inc. (a)

180,619

2,212,583

Humana, Inc.

4,512

311,824

Miraca Holdings, Inc.

76,300

3,716,317

Omnicare, Inc.

107,608

4,381,798

PharMerica Corp. (a)

102,663

1,437,282

Team Health Holdings, Inc. (a)

40,094

1,458,620

Tenet Healthcare Corp. (a)

109,632

5,216,291

VCA Antech, Inc. (a)

227,798

5,350,975

 

41,423,980

Life Sciences Tools & Services - 0.9%

Bruker BioSciences Corp. (a)

398,751

7,616,144

Cambrex Corp. (a)

177,410

2,269,074

Thermo Fisher Scientific, Inc.

196,638

15,040,841

 

24,926,059

Pharmaceuticals - 0.1%

Cadila Healthcare Ltd.

1

7

Valeant Pharmaceuticals International, Inc. (Canada) (a)

46,200

3,468,240

 

3,468,247

TOTAL HEALTH CARE

165,461,892

INDUSTRIALS - 13.3%

Aerospace & Defense - 0.3%

Esterline Technologies Corp. (a)

106,134

8,034,344

Common Stocks - continued

Shares

Value

INDUSTRIALS - continued

Air Freight & Logistics - 0.0%

Forward Air Corp.

1,984

$ 73,983

Airlines - 1.4%

Alaska Air Group, Inc. (a)

52,750

3,373,890

Copa Holdings SA Class A

97,509

11,663,051

Southwest Airlines Co.

1,662,850

22,415,218

 

37,452,159

Building Products - 0.0%

Gibraltar Industries, Inc. (a)

46,160

842,420

Commercial Services & Supplies - 0.9%

Copart, Inc. (a)

215,266

7,379,318

Edenred SA

19,134

626,172

G&K Services, Inc. Class A

13,483

613,611

Multiplus SA

87,300

1,258,468

Republic Services, Inc.

297,384

9,813,672

Steelcase, Inc. Class A

239,968

3,534,729

Unifirst Corp. Massachusetts

26,839

2,428,930

 

25,654,900

Construction & Engineering - 2.3%

Dycom Industries, Inc. (a)

96,100

1,892,209

Fluor Corp.

455,615

30,220,943

Foster Wheeler AG (a)

881,275

20,137,134

Tutor Perini Corp. (a)

259,523

5,008,794

URS Corp.

168,135

7,971,280

 

65,230,360

Electrical Equipment - 0.8%

AMETEK, Inc.

58,264

2,526,327

Generac Holdings, Inc.

381,076

13,467,226

Roper Industries, Inc.

53,921

6,864,683

 

22,858,236

Industrial Conglomerates - 1.1%

Carlisle Companies, Inc.

364,876

24,734,944

Max India Ltd.

1,047,994

4,313,854

 

29,048,798

Machinery - 2.4%

AGCO Corp.

204,529

10,660,051

Crane Co.

139,020

7,765,657

Harsco Corp.

304,200

7,535,034

IDEX Corp.

38,754

2,070,239

Ingersoll-Rand PLC

444,252

24,438,303

Common Stocks - continued

Shares

Value

INDUSTRIALS - continued

Machinery - continued

Kitz Corp.

74,700

$ 374,551

Snap-On, Inc.

81,136

6,709,947

Terex Corp. (a)

207,503

7,142,253

 

66,696,035

Professional Services - 3.1%

Corporate Executive Board Co.

184,406

10,725,053

Dun & Bradstreet Corp.

135,898

11,367,868

Equifax, Inc.

483,397

27,838,833

Kelly Services, Inc. Class A (non-vtg.)

265,818

4,965,480

Manpower, Inc.

426,004

24,162,947

Randstad Holding NV

81,600

3,340,891

TrueBlue, Inc. (a)

199,146

4,209,946

 

86,611,018

Road & Rail - 0.6%

Con-way, Inc.

260,298

9,165,093

Hertz Global Holdings, Inc. (a)

316,528

7,045,913

 

16,211,006

Trading Companies & Distributors - 0.4%

Ashtead Group PLC

429,200

3,824,848

United Rentals, Inc. (a)

121,721

6,691,003

 

10,515,851

TOTAL INDUSTRIALS

369,229,110

INFORMATION TECHNOLOGY - 20.3%

Communications Equipment - 2.0%

AAC Acoustic Technology Holdings, Inc.

2,135,000

10,258,936

Brocade Communications Systems, Inc. (a)

2,771,722

15,992,836

Juniper Networks, Inc. (a)

843,046

15,630,073

Motorola Solutions, Inc.

194,960

12,483,289

Riverbed Technology, Inc. (a)

138,717

2,068,270

 

56,433,404

Computers & Peripherals - 1.4%

Cray, Inc. (a)

239,895

5,567,963

EMC Corp. (a)

577,600

13,798,864

Gemalto NV

96,652

8,430,944

NCR Corp. (a)

432,448

11,918,267

 

39,716,038

Common Stocks - continued

Shares

Value

INFORMATION TECHNOLOGY - continued

Electronic Equipment & Components - 2.8%

Arrow Electronics, Inc. (a)

264,836

$ 10,757,638

Avnet, Inc. (a)

301,457

10,912,743

Benchmark Electronics, Inc. (a)

253,951

4,576,197

Flextronics International Ltd. (a)

1,032,170

6,977,469

Ingenico SA

44,191

2,617,622

Jabil Circuit, Inc.

529,931

9,793,125

Plexus Corp. (a)

22,964

558,255

TE Connectivity Ltd.

422,742

17,725,572

Tech Data Corp. (a)

103,033

4,699,335

Vishay Intertechnology, Inc. (a)(d)

594,429

8,090,179

 

76,708,135

Internet Software & Services - 0.4%

Carsales.com Ltd.

210,821

2,063,265

eBay, Inc. (a)

43,264

2,345,774

Mail.Ru Group Ltd. GDR (Reg. S)

118,300

3,276,910

Web.com Group, Inc. (a)

161,178

2,752,920

 

10,438,869

IT Services - 7.2%

Alliance Data Systems Corp. (a)

137,928

22,329,164

Amdocs Ltd.

96,659

3,503,889

Computer Task Group, Inc.

344,057

7,359,379

CoreLogic, Inc. (a)

219,014

5,663,702

Euronet Worldwide, Inc. (a)

252,168

6,642,105

Fidelity National Information Services, Inc.

325,976

12,915,169

Fiserv, Inc. (a)

455,730

40,026,766

FleetCor Technologies, Inc. (a)

397,493

30,475,788

Gartner, Inc. Class A (a)

196,680

10,701,359

Genpact Ltd.

259,633

4,722,724

Heartland Payment Systems, Inc.

157,765

5,201,512

Jack Henry & Associates, Inc.

59,800

2,763,358

Maximus, Inc.

31,353

2,507,299

NeuStar, Inc. Class A (a)

329,442

15,328,936

Sapient Corp. (a)

571,016

6,960,685

Teletech Holdings, Inc. (a)

464,199

9,845,661

Total System Services, Inc.

66,374

1,644,748

Visa, Inc. Class A

73,786

12,531,814

 

201,124,058

Semiconductors & Semiconductor Equipment - 3.8%

ASML Holding NV

58,491

3,977,973

Avago Technologies Ltd.

199,080

7,150,954

Common Stocks - continued

Shares

Value

INFORMATION TECHNOLOGY - continued

Semiconductors & Semiconductor Equipment - continued

Broadcom Corp. Class A

102,089

$ 3,539,426

Entegris, Inc. (a)

333,532

3,288,626

Freescale Semiconductor Holdings I Ltd. (a)

431,313

6,422,251

Integrated Device Technology, Inc. (a)

283,413

2,117,095

International Rectifier Corp. (a)

158,648

3,355,405

KLA-Tencor Corp.

103,706

5,469,454

Lam Research Corp. (a)

121,015

5,017,282

LSI Corp. (a)

892,072

6,048,248

Melexis NV

87,519

1,636,797

Mellanox Technologies Ltd. (a)

4,209

233,642

MEMC Electronic Materials, Inc. (a)

363,862

1,600,993

NVIDIA Corp.

939,900

12,049,518

PDF Solutions, Inc. (a)

366,848

5,876,905

PMC-Sierra, Inc. (a)

733,850

4,982,842

Samsung Electronics Co. Ltd.

10,065

13,822,493

Skyworks Solutions, Inc. (a)

627,403

13,821,688

Taiwan Semiconductor Manufacturing Co. Ltd.

2,030,000

6,829,639

 

107,241,231

Software - 2.7%

Autodesk, Inc. (a)

98,400

4,058,016

Compuware Corp. (a)

1,158,836

14,485,450

Electronic Arts, Inc. (a)

811,210

14,358,417

Mentor Graphics Corp.

1,026,347

18,525,563

Nuance Communications, Inc. (a)

246,338

4,971,101

SolarWinds, Inc. (a)

22,600

1,335,660

Symantec Corp. (a)

563,179

13,899,258

Synopsys, Inc. (a)

74,378

2,668,683

 

74,302,148

TOTAL INFORMATION TECHNOLOGY

565,963,883

MATERIALS - 5.3%

Chemicals - 3.5%

Albemarle Corp.

52,530

3,284,176

Ashland, Inc.

142,431

10,582,623

Axiall Corp.

244,917

15,224,041

Cabot Corp.

86,016

2,941,747

Cytec Industries, Inc.

61,634

4,565,847

Eastman Chemical Co.

91,321

6,380,598

FMC Corp.

128,040

7,302,121

Common Stocks - continued

Shares

Value

MATERIALS - continued

Chemicals - continued

Landec Corp. (a)

363,170

$ 5,255,070

LyondellBasell Industries NV Class A

400,414

25,342,202

Pidilite Industries Ltd. (a)

915,672

4,437,889

PolyOne Corp.

142,077

3,468,100

Valspar Corp.

16,247

1,011,376

W.R. Grace & Co. (a)

93,086

7,215,096

 

97,010,886

Metals & Mining - 1.1%

Barrick Gold Corp.

93,500

2,746,508

Compass Minerals International, Inc.

43,600

3,440,040

Goldcorp, Inc.

191,800

6,453,437

IAMGOLD Corp.

321,895

2,322,676

New Gold, Inc. (a)

911,100

8,287,212

Osisko Mining Corp. (a)

1,088,900

6,463,619

Yamana Gold, Inc.

144,016

2,218,684

 

31,932,176

Paper & Forest Products - 0.7%

International Paper Co.

415,673

19,362,048

TOTAL MATERIALS

148,305,110

UTILITIES - 0.2%

Gas Utilities - 0.2%

Towngas China Co. Ltd.

562,000

519,100

UGI Corp.

148,980

5,719,342

 

6,238,442

TOTAL COMMON STOCKS

(Cost $2,125,974,706)


2,597,993,648

Nonconvertible Preferred Stocks - 0.2%

 

 

 

 

FINANCIALS - 0.2%

Consumer Finance - 0.1%

Ally Financial, Inc. 7.00% (e)

2,423

2,380,598

Diversified Financial Services - 0.1%

GMAC Capital Trust I Series 2, 8.125%

140,930

3,833,296

TOTAL NONCONVERTIBLE PREFERRED STOCKS

(Cost $4,669,047)


6,213,894

Money Market Funds - 6.7%

Shares

Value

Fidelity Cash Central Fund, 0.15% (b)

177,020,508

$ 177,020,508

Fidelity Securities Lending Cash Central Fund, 0.15% (b)(c)

10,173,540

10,173,540

TOTAL MONEY MARKET FUNDS

(Cost $187,194,048)


187,194,048

TOTAL INVESTMENT PORTFOLIO - 100.2%

(Cost $2,317,837,801)

2,791,401,590

NET OTHER ASSETS (LIABILITIES) - (0.2)%

(5,369,186)

NET ASSETS - 100%

$ 2,786,032,404

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.

(c) Investment made with cash collateral received from securities on loan.

(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 $2,380,598 or 0.1% of net assets.

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

$ 32,337

Fidelity Securities Lending Cash Central Fund

74,941

Total

$ 107,278

Other Information

The following is a summary of the inputs used, as of March 31, 2013, 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

Total

Level 1

Level 2

Level 3

Investments in Securities:

Equities:

Consumer Discretionary

$ 607,648,837

$ 607,648,837

$ -

$ -

Consumer Staples

132,778,523

132,778,523

-

-

Energy

236,065,964

236,065,963

1

-

Financials

372,515,781

370,135,183

2,380,598

-

Health Care

165,461,892

165,461,892

-

-

Industrials

369,229,110

369,229,110

-

-

Information Technology

565,963,883

565,963,883

-

-

Materials

148,305,110

148,305,110

-

-

Utilities

6,238,442

6,238,442

-

-

Money Market Funds

187,194,048

187,194,048

-

-

Total Investments in Securities:

$ 2,791,401,590

$ 2,789,020,991

$ 2,380,599

$ -

The following is a summary of transfers between Level 1 and Level 2 for the period ended March 31, 2013. Transfers are assumed to have occurred at the beginning of the period, and are primarily attributable to the valuation techniques used for foreign equity securities, as discussed at the end of this listing:

Transfers

Total

Level 1 to Level 2

$ 0

Level 2 to Level 1

$ 199,645,570

Income Tax Information

At March 31, 2013, the cost of investment securities for income tax purposes was $2,321,078,989. Net unrealized appreciation aggregated $470,322,601, of which $501,258,754 related to appreciated investment securities and $30,936,153 related to depreciated investment securities.

Investment Valuation

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. In accordance with valuation policies and procedures approved by the Board of Trustees (the Board), the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Fidelity Management & Research Company (FMR) Fair Value Committee (the Committee), in accordance with procedures adopted by the Fund's Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and is responsible for approving and reporting to the Board all fair value determinations. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in transfers between Level 1 and Level 2.

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 visit advisor.fidelity.com or call Fidelity at 1-877-208-0098 for a free copy of 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

Item 2. Controls and Procedures

(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Advisor Series I'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 Advisor Series I

By:

/s/Kenneth B. Robins

 

Kenneth B. Robins

 

President and Treasurer

 

 

Date:

May 30, 2013

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:

May 30, 2013

By:

/s/Christine Reynolds

 

Christine Reynolds

 

Chief Financial Officer

 

 

Date:

May 30, 2013