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:

September 30, 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
Class Z

September 30, 2013 

1.807739.109

AMP-QTLY-1113

Investments September 30, 2013 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.1%

Shares

Value

CONSUMER DISCRETIONARY - 19.8%

Auto Components - 3.2%

BorgWarner, Inc.

21,070

$ 2,136,287

Delphi Automotive PLC

441,430

25,788,341

Dorman Products, Inc.

90,980

4,508,059

Gentex Corp.

160,172

4,098,801

Johnson Controls, Inc.

547,289

22,712,494

New Focus Auto Tech Holdings Ltd. (a)

1,071,910

91,216

Standard Motor Products, Inc.

239,725

7,709,556

Tenneco, Inc. (a)

534,708

27,002,754

TRW Automotive Holdings Corp. (a)

29,300

2,089,383

 

96,136,891

Automobiles - 0.7%

Harley-Davidson, Inc.

294,157

18,896,646

Winnebago Industries, Inc. (a)

91,450

2,374,042

 

21,270,688

Diversified Consumer Services - 2.3%

American Public Education, Inc. (a)

261,205

9,873,549

Grand Canyon Education, Inc. (a)

624,461

25,153,289

H&R Block, Inc.

739,595

19,717,603

New Oriental Education & Technology Group, Inc. sponsored ADR

94,000

2,340,600

Service Corp. International

558,334

10,396,179

Universal Technical Institute, Inc.

44,466

539,373

 

68,020,593

Hotels, Restaurants & Leisure - 2.4%

AFC Enterprises, Inc. (a)

81,406

3,548,488

Bloomin' Brands, Inc. (a)

465,253

10,984,623

Brinker International, Inc.

302,878

12,275,645

Burger King Worldwide, Inc.

107,800

2,104,256

Choice Hotels International, Inc.

18,766

810,504

Fiesta Restaurant Group, Inc. (a)

32,891

1,238,675

Jubilant Foodworks Ltd. (a)

26,477

489,120

Papa John's International, Inc.

163,167

11,402,110

Ruth's Hospitality Group, Inc.

500,669

5,937,934

Texas Roadhouse, Inc. Class A

355,496

9,342,435

The Cheesecake Factory, Inc.

299,358

13,156,784

 

71,290,574

Household Durables - 2.7%

ARNEST ONE Corp.

456,600

10,770,847

Harman International Industries, Inc.

330,251

21,872,524

Common Stocks - continued

Shares

Value

CONSUMER DISCRETIONARY - continued

Household Durables - continued

Haseko Corp. (a)

581,800

$ 4,189,223

Jarden Corp. (a)

374,847

18,142,595

Whirlpool Corp.

179,615

26,302,821

 

81,278,010

Internet & Catalog Retail - 0.6%

HSN, Inc.

264,297

14,171,605

TripAdvisor, Inc. (a)

39,700

3,010,848

 

17,182,453

Leisure Equipment & Products - 0.5%

Polaris Industries, Inc.

115,094

14,867,843

Media - 1.8%

Cinemark Holdings, Inc.

5,287

167,809

Comcast Corp. Class A

24,584

1,109,968

Interpublic Group of Companies, Inc.

428,725

7,365,496

Naspers Ltd. Class N

25,500

2,358,031

Nexstar Broadcasting Group, Inc. Class A

72,634

3,232,576

Sinclair Broadcast Group, Inc. Class A

26,000

871,520

Time Warner, Inc.

539,213

35,485,608

Twenty-First Century Fox, Inc. Class A

65,335

2,188,723

 

52,779,731

Multiline Retail - 0.3%

Dollar General Corp. (a)

161,525

9,119,702

Specialty Retail - 4.5%

Asbury Automotive Group, Inc. (a)

108,857

5,791,192

Cabela's, Inc. Class A (a)

118,117

7,444,915

CarMax, Inc. (a)

24,846

1,204,286

Conn's, Inc. (a)

57,257

2,865,140

CST Brands, Inc. (d)

652,619

19,448,046

Dick's Sporting Goods, Inc.

36,595

1,953,441

Express, Inc. (a)

323,100

7,621,929

Foot Locker, Inc.

227,681

7,727,493

Gap, Inc.

106,749

4,299,850

GNC Holdings, Inc.

139,975

7,646,834

Guess?, Inc.

120,112

3,585,343

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

244,732

17,855,647

Murphy U.S.A., Inc.

54,000

2,181,060

Office Depot, Inc. (a)(d)

563,974

2,723,994

PetSmart, Inc.

96,968

7,394,780

Rent-A-Center, Inc.

128,743

4,905,108

Common Stocks - continued

Shares

Value

CONSUMER DISCRETIONARY - continued

Specialty Retail - continued

Ross Stores, Inc.

22,566

$ 1,642,805

Signet Jewelers Ltd.

158,322

11,343,771

Staples, Inc.

39,822

583,392

The Men's Wearhouse, Inc.

48,182

1,640,597

TJX Companies, Inc.

132,520

7,472,803

Tractor Supply Co.

117,502

7,892,609

Tsutsumi Jewelry Co. Ltd.

36,700

962,952

 

136,187,987

Textiles, Apparel & Luxury Goods - 0.8%

G-III Apparel Group Ltd. (a)

402,469

21,970,783

Page Industries Ltd.

8,386

588,661

VF Corp.

10,800

2,149,740

 

24,709,184

TOTAL CONSUMER DISCRETIONARY

592,843,656

CONSUMER STAPLES - 3.9%

Beverages - 0.1%

Dr. Pepper Snapple Group, Inc.

75,164

3,368,850

Food & Staples Retailing - 1.4%

Kroger Co.

1,061,648

42,826,880

Food Products - 2.3%

Archer Daniels Midland Co.

1,250,244

46,058,982

Britannia Industries Ltd.

82,351

1,081,523

Green Mountain Coffee Roasters, Inc. (a)

238,799

17,988,729

Post Holdings, Inc. (a)

18,940

764,608

SunOpta, Inc. (a)

392,400

3,814,130

 

69,707,972

Household Products - 0.1%

Energizer Holdings, Inc.

21,650

1,973,398

TOTAL CONSUMER STAPLES

117,877,100

ENERGY - 5.9%

Energy Equipment & Services - 2.2%

Dresser-Rand Group, Inc. (a)

27,994

1,746,826

Dril-Quip, Inc. (a)

36,000

4,131,000

Ensco PLC Class A

203,066

10,914,798

National Oilwell Varco, Inc.

267,339

20,881,849

Noble Corp.

379,861

14,347,350

Common Stocks - continued

Shares

Value

ENERGY - continued

Energy Equipment & Services - continued

Oceaneering International, Inc.

80,633

$ 6,550,625

Oil States International, Inc. (a)

45,326

4,689,428

TETRA Technologies, Inc. (a)

377,252

4,726,968

 

67,988,844

Oil, Gas & Consumable Fuels - 3.7%

Apache Corp.

105,676

8,997,255

Bonanza Creek Energy, Inc. (a)

160,378

7,739,842

Canadian Natural Resources Ltd.

81,200

2,551,764

Cimarex Energy Co.

112,147

10,810,971

Continental Resources, Inc. (a)

73,528

7,886,613

Denbury Resources, Inc. (a)

207,268

3,815,804

Emerald Oil, Inc. warrants 2/4/16 (a)

56,881

1

Energen Corp.

279,765

21,371,248

Energy XXI (Bermuda) Ltd.

262,484

7,927,017

Marathon Oil Corp.

223,189

7,784,832

Oasis Petroleum, Inc. (a)

222,807

10,946,508

Peabody Energy Corp.

64,486

1,112,384

Rosetta Resources, Inc. (a)

39,300

2,140,278

Suncor Energy, Inc.

214,200

7,658,838

Whiting Petroleum Corp. (a)

156,916

9,391,423

 

110,134,778

TOTAL ENERGY

178,123,622

FINANCIALS - 12.5%

Capital Markets - 4.3%

Ameriprise Financial, Inc.

208,187

18,961,672

BlackRock, Inc. Class A

95,455

25,832,032

E*TRADE Financial Corp. (a)

164,700

2,717,550

Invesco Ltd.

587,975

18,756,403

Lazard Ltd. Class A

94,826

3,415,633

Marusan Securities Co. Ltd.

356,000

2,995,335

Monex Group, Inc.

1,397,800

5,916,528

SEI Investments Co.

503,881

15,574,962

The Blackstone Group LP

810,500

20,173,345

Virtus Investment Partners, Inc. (a)

35,881

5,835,686

Waddell & Reed Financial, Inc. Class A

175,460

9,032,681

 

129,211,827

Commercial Banks - 2.9%

BB&T Corp.

46,818

1,580,108

Common Stocks - continued

Shares

Value

FINANCIALS - continued

Commercial Banks - continued

City National Corp.

49,395

$ 3,292,671

Comerica, Inc.

174,000

6,839,940

Commerce Bancshares, Inc.

144,810

6,344,126

Cullen/Frost Bankers, Inc.

26,984

1,903,721

East West Bancorp, Inc.

201,135

6,426,263

First Niagara Financial Group, Inc.

1,172,537

12,159,209

Huntington Bancshares, Inc.

2,367,957

19,559,325

Lakeland Financial Corp.

74,100

2,419,365

PrivateBancorp, Inc.

348,193

7,451,330

Shinsei Bank Ltd.

2,320,000

5,662,317

SunTrust Banks, Inc.

251,715

8,160,600

Synovus Financial Corp.

1,368,060

4,514,598

 

86,313,573

Consumer Finance - 1.4%

American Express Co.

102,500

7,740,800

Credit Acceptance Corp. (a)

18,528

2,053,088

Credit Saison Co. Ltd.

197,000

5,364,614

Discover Financial Services

84,528

4,272,045

Hitachi Capital Corp.

57,400

1,387,102

SLM Corp.

827,489

20,604,476

 

41,422,125

Diversified Financial Services - 1.1%

CRISIL Ltd.

43,849

825,453

McGraw-Hill Companies, Inc.

307,473

20,167,154

ORIX Corp.

747,400

12,218,440

The NASDAQ Stock Market, Inc.

39,868

1,279,364

 

34,490,411

Insurance - 1.4%

Hanover Insurance Group, Inc.

85,335

4,720,732

Marsh & McLennan Companies, Inc.

296,431

12,909,570

Old Republic International Corp.

721,810

11,115,874

Protective Life Corp.

286,939

12,209,254

Reinsurance Group of America, Inc.

43,962

2,945,014

 

43,900,444

Real Estate Management & Development - 0.8%

Altisource Asset Management Corp. (a)

13,003

6,832,946

Altisource Portfolio Solutions SA

102,352

14,330,304

Altisource Residential Corp. Class B

85,344

1,961,205

 

23,124,455

Common Stocks - continued

Shares

Value

FINANCIALS - continued

Thrifts & Mortgage Finance - 0.6%

Nationstar Mortgage Holdings, Inc. (a)(d)

316,980

$ 17,823,785

TOTAL FINANCIALS

376,286,620

HEALTH CARE - 11.2%

Biotechnology - 1.8%

Amgen, Inc.

81,117

9,080,237

Biogen Idec, Inc. (a)

22,800

5,489,328

Celgene Corp. (a)

49,685

7,648,012

Puma Biotechnology, Inc. (a)

12,100

649,286

United Therapeutics Corp. (a)

357,823

28,214,344

Vertex Pharmaceuticals, Inc. (a)

47,150

3,574,913

 

54,656,120

Health Care Equipment & Supplies - 2.4%

Alere, Inc. (a)

61,738

1,887,331

Boston Scientific Corp. (a)

3,041,949

35,712,481

C.R. Bard, Inc.

64,985

7,486,272

Greatbatch, Inc. (a)

72,023

2,450,943

Hill-Rom Holdings, Inc.

171,191

6,133,774

Stryker Corp.

143,978

9,731,473

Trinity Biotech PLC sponsored ADR

318,868

6,938,568

 

70,340,842

Health Care Providers & Services - 3.4%

Aetna, Inc.

245,463

15,714,541

AMN Healthcare Services, Inc. (a)

668,610

9,200,074

Centene Corp. (a)

89,517

5,725,507

Community Health Systems, Inc.

43,079

1,787,779

HCA Holdings, Inc.

476,855

20,385,551

Health Net, Inc. (a)

165,093

5,233,448

Healthways, Inc. (a)

378,791

7,011,421

MEDNAX, Inc. (a)

52,975

5,318,690

Miraca Holdings, Inc.

59,800

2,672,589

Omnicare, Inc.

102,866

5,709,063

Tenet Healthcare Corp. (a)

102,421

4,218,721

Universal Health Services, Inc. Class B

102,700

7,701,473

VCA Antech, Inc. (a)

435,207

11,950,784

 

102,629,641

Health Care Technology - 0.1%

MedAssets, Inc. (a)

132,466

3,367,286

Common Stocks - continued

Shares

Value

HEALTH CARE - continued

Life Sciences Tools & Services - 0.7%

Bruker BioSciences Corp. (a)

162,351

$ 3,352,548

Thermo Fisher Scientific, Inc.

192,138

17,705,517

 

21,058,065

Pharmaceuticals - 2.8%

Actavis, Inc.

160,200

23,068,800

Cadila Healthcare Ltd.

1

5

Hospira, Inc. (a)

64,900

2,545,378

Jazz Pharmaceuticals PLC (a)

174,008

16,003,516

Mallinckrodt PLC (a)

117,421

5,177,092

Mylan, Inc. (a)

291,224

11,116,020

Salix Pharmaceuticals Ltd. (a)

30,433

2,035,359

Santarus, Inc. (a)

164,300

3,708,251

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

198,205

20,666,198

 

84,320,619

TOTAL HEALTH CARE

336,372,573

INDUSTRIALS - 16.5%

Aerospace & Defense - 1.3%

BE Aerospace, Inc. (a)

195,882

14,460,009

Esterline Technologies Corp. (a)

111,588

8,914,765

Hexcel Corp. (a)

221,387

8,589,816

Textron, Inc.

255,700

7,059,877

 

39,024,467

Airlines - 1.6%

Copa Holdings SA Class A

91,462

12,683,036

Delta Air Lines, Inc.

356,133

8,401,177

Southwest Airlines Co.

720,511

10,490,640

Spirit Airlines, Inc. (a)

503,219

17,245,315

 

48,820,168

Building Products - 0.4%

A.O. Smith Corp.

231,857

10,479,936

Commercial Services & Supplies - 0.9%

G&K Services, Inc. Class A

111,165

6,713,254

Mine Safety Appliances Co.

5,000

258,050

Performant Financial Corp. (a)

154,369

1,685,709

Republic Services, Inc.

202,184

6,744,858

Steelcase, Inc. Class A

230,726

3,834,666

Common Stocks - continued

Shares

Value

INDUSTRIALS - continued

Commercial Services & Supplies - continued

UniFirst Corp.

54,178

$ 5,657,267

West Corp.

75,100

1,664,967

 

26,558,771

Construction & Engineering - 2.0%

AECOM Technology Corp. (a)

120,185

3,758,185

Chicago Bridge & Iron Co. NV

99,393

6,735,864

Dycom Industries, Inc. (a)

146,534

4,101,487

Fluor Corp.

264,997

18,804,187

Foster Wheeler AG (a)

80,842

2,129,378

Jacobs Engineering Group, Inc. (a)

301,209

17,524,340

URS Corp.

142,161

7,641,154

 

60,694,595

Electrical Equipment - 1.1%

AMETEK, Inc.

58,264

2,681,309

Babcock & Wilcox Co.

343,678

11,588,822

EnerSys

55,541

3,367,451

Generac Holdings, Inc.

369,582

15,758,976

 

33,396,558

Industrial Conglomerates - 0.0%

Max India Ltd.

68,471

209,876

Machinery - 4.0%

AGCO Corp.

152,962

9,241,964

Crane Co.

64,672

3,988,322

Cummins, Inc.

120,819

16,053,221

Harsco Corp.

577,262

14,373,824

IDEX Corp.

38,754

2,528,699

Ingersoll-Rand PLC

464,172

30,143,330

ITT Corp.

8,723

313,592

Manitowoc Co., Inc.

369,540

7,235,593

Snap-On, Inc.

134,380

13,370,810

SPX Corp.

101,078

8,555,242

TriMas Corp. (a)

3,500

130,550

Wabtec Corp.

124,140

7,804,682

Watts Water Technologies, Inc. Class A

40,129

2,262,072

Woodward, Inc.

76,919

3,140,603

 

119,142,504

Professional Services - 3.3%

Corporate Executive Board Co.

58,119

4,220,602

Dun & Bradstreet Corp.

224,590

23,323,672

Common Stocks - continued

Shares

Value

INDUSTRIALS - continued

Professional Services - continued

Equifax, Inc.

6,202

$ 371,190

Insperity, Inc.

71,663

2,694,529

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

156,633

3,049,645

Manpower, Inc.

496,014

36,080,058

Randstad Holding NV

72,330

4,074,542

Towers Watson & Co.

181,483

19,411,422

TrueBlue, Inc. (a)

199,146

4,781,495

 

98,007,155

Road & Rail - 1.7%

Con-way, Inc.

537,111

23,144,113

Hertz Global Holdings, Inc. (a)

354,967

7,866,069

J.B. Hunt Transport Services, Inc.

84,533

6,164,992

Old Dominion Freight Lines, Inc. (a)

85,686

3,940,699

Roadrunner Transportation Systems, Inc. (a)

230,224

6,501,526

Ryder System, Inc.

60,646

3,620,566

 

51,237,965

Trading Companies & Distributors - 0.2%

United Rentals, Inc. (a)

114,495

6,673,914

TOTAL INDUSTRIALS

494,245,909

INFORMATION TECHNOLOGY - 23.3%

Communications Equipment - 1.1%

Brocade Communications Systems, Inc. (a)

569,722

4,586,262

F5 Networks, Inc. (a)

40,938

3,510,843

Juniper Networks, Inc. (a)

995,290

19,766,459

Plantronics, Inc.

66,195

3,048,280

Polycom, Inc. (a)

95,400

1,041,768

 

31,953,612

Computers & Peripherals - 0.9%

Cray, Inc. (a)

282,462

6,798,860

EMC Corp.

762,873

19,499,034

Gemalto NV (d)

4,348

466,870

 

26,764,764

Electronic Equipment & Components - 4.0%

Arrow Electronics, Inc. (a)

527,693

25,608,941

Avnet, Inc.

243,457

10,154,591

Benchmark Electronics, Inc. (a)

113,051

2,587,737

CDW Corp. (a)

317,218

7,242,087

Common Stocks - continued

Shares

Value

INFORMATION TECHNOLOGY - continued

Electronic Equipment & Components - continued

Flextronics International Ltd. (a)

2,406,985

$ 21,879,494

InvenSense, Inc. (a)(d)

434,339

7,653,053

Jabil Circuit, Inc.

430,179

9,326,281

Plexus Corp. (a)

4,889

181,871

TE Connectivity Ltd.

628,942

32,566,617

Tech Data Corp. (a)

59,626

2,975,934

 

120,176,606

Internet Software & Services - 1.1%

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

139,300

5,321,260

Stamps.com, Inc. (a)

90,776

4,169,342

Tencent Holdings Ltd.

48,200

2,528,109

Web.com Group, Inc. (a)

215,580

6,971,857

Yahoo!, Inc. (a)

443,953

14,721,481

 

33,712,049

IT Services - 8.3%

Alliance Data Systems Corp. (a)(d)

138,028

29,188,781

Blackhawk Network Holdings, Inc. (d)

79,200

1,903,176

Computer Task Group, Inc.

70,252

1,135,272

Euronet Worldwide, Inc. (a)

657,505

26,168,699

Fidelity National Information Services, Inc.

503,876

23,400,001

Fiserv, Inc. (a)

292,542

29,561,369

FleetCor Technologies, Inc. (a)

277,048

30,519,608

Gartner, Inc. Class A (a)

85,134

5,108,040

Genpact Ltd.

111,943

2,113,484

Global Payments, Inc.

73,300

3,744,164

Heartland Payment Systems, Inc.

322,812

12,822,093

Jack Henry & Associates, Inc.

26,559

1,370,710

NeuStar, Inc. Class A (a)

200,880

9,939,542

Sapient Corp. (a)

1,161,977

18,091,982

Teletech Holdings, Inc. (a)

598,529

15,017,093

Total System Services, Inc.

719,070

21,155,039

Vantiv, Inc. (a)

255,000

7,124,700

Visa, Inc. Class A

58,149

11,112,274

 

249,476,027

Semiconductors & Semiconductor Equipment - 4.6%

Advanced Energy Industries, Inc. (a)

313,905

5,499,616

ASML Holding NV

49,991

4,937,111

Avago Technologies Ltd.

298,448

12,869,078

Freescale Semiconductor Holdings I Ltd. (a)(d)

993,237

16,537,396

Integrated Device Technology, Inc. (a)

677,558

6,382,596

Common Stocks - continued

Shares

Value

INFORMATION TECHNOLOGY - continued

Semiconductors & Semiconductor Equipment - continued

International Rectifier Corp. (a)

158,648

$ 3,929,711

KLA-Tencor Corp.

76,914

4,680,217

Lam Research Corp. (a)

254,769

13,041,625

LSI Corp.

1,411,272

11,036,147

Marvell Technology Group Ltd.

400

4,600

Microchip Technology, Inc. (d)

53,509

2,155,878

NVIDIA Corp.

1,035,343

16,109,937

NXP Semiconductors NV (a)

563,602

20,971,630

PDF Solutions, Inc. (a)

355,740

7,559,475

PMC-Sierra, Inc. (a)

475,578

3,148,326

Skyworks Solutions, Inc. (a)

335,852

8,342,564

Teradyne, Inc. (a)(d)

34,511

570,122

 

137,776,029

Software - 3.3%

Activision Blizzard, Inc.

456,940

7,617,190

Compuware Corp.

464,257

5,199,678

Electronic Arts, Inc. (a)

1,066,810

27,256,996

Intuit, Inc.

219,006

14,522,288

Mentor Graphics Corp.

991,954

23,181,965

SS&C Technologies Holdings, Inc. (a)

59,731

2,275,751

Symantec Corp.

587,279

14,535,155

Take-Two Interactive Software, Inc. (a)

228,901

4,156,842

 

98,745,865

TOTAL INFORMATION TECHNOLOGY

698,604,952

MATERIALS - 4.4%

Chemicals - 2.0%

Albemarle Corp.

263,842

16,606,215

Ashland, Inc.

91,338

8,446,938

Landec Corp. (a)

147,852

1,803,794

LyondellBasell Industries NV Class A

164,420

12,040,477

Methanex Corp.

88,300

4,533,085

Olin Corp.

277,070

6,392,005

PolyOne Corp.

297,083

9,123,419

W.R. Grace & Co. (a)

14,746

1,288,800

 

60,234,733

Common Stocks - continued

Shares

Value

MATERIALS - continued

Containers & Packaging - 0.7%

Packaging Corp. of America

133,848

$ 7,641,382

Rock-Tenn Co. Class A

142,025

14,382,872

 

22,024,254

Metals & Mining - 1.0%

Centerra Gold, Inc.

589,200

2,757,093

Goldcorp, Inc.

294,700

7,667,550

IAMGOLD Corp.

436,595

2,085,382

Kinross Gold Corp.

461,800

2,326,821

New Gold, Inc. (a)

977,900

5,829,140

Osisko Mining Corp. (a)

1,632,600

8,257,702

Yamana Gold, Inc. (d)

217,016

2,256,435

 

31,180,123

Paper & Forest Products - 0.7%

Boise Cascade Co.

210,189

5,664,594

International Paper Co.

263,611

11,809,773

P.H. Glatfelter Co.

77,861

2,107,697

 

19,582,064

TOTAL MATERIALS

133,021,174

UTILITIES - 0.6%

Electric Utilities - 0.5%

ITC Holdings Corp.

167,934

15,762,285

Gas Utilities - 0.1%

UGI Corp.

38,502

1,506,583

TOTAL UTILITIES

17,268,868

TOTAL COMMON STOCKS

(Cost $2,364,222,646)


2,944,644,474

Nonconvertible Preferred Stocks - 0.2%

 

 

 

 

FINANCIALS - 0.2%

Consumer Finance - 0.1%

Ally Financial, Inc. 7.00% (e)

2,423

2,313,965

Nonconvertible Preferred Stocks - continued

Shares

Value

FINANCIALS - continued

Diversified Financial Services - 0.1%

GMAC Capital Trust I Series 2, 8.125%

140,930

$ 3,769,878

TOTAL NONCONVERTIBLE PREFERRED STOCKS

(Cost $4,669,047)


6,083,843

Money Market Funds - 1.7%

 

 

 

 

Fidelity Cash Central Fund, 0.10% (b)

5,641,963

5,641,963

Fidelity Securities Lending Cash Central Fund, 0.09% (b)(c)

44,555,527

44,555,527

TOTAL MONEY MARKET FUNDS

(Cost $50,197,490)


50,197,490

TOTAL INVESTMENT PORTFOLIO - 100.0%

(Cost $2,419,089,183)

3,000,925,807

NET OTHER ASSETS (LIABILITIES) - 0.0%

(524,333)

NET ASSETS - 100%

$ 3,000,401,474

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 $2,313,965 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

$ 71,990

Fidelity Securities Lending Cash Central Fund

196,341

Total

$ 268,331

Other Information

The following is a summary of the inputs used, as of September 30, 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 table below, please refer to the Investment Valuation section at the end of this listing.

Valuation Inputs at Reporting Date:

Description

Total

Level 1

Level 2

Level 3

Investments in Securities:

Equities:

Consumer Discretionary

$ 592,843,656

$ 576,920,634

$ 15,923,022

$ -

Consumer Staples

117,877,100

117,877,100

-

-

Energy

178,123,622

178,123,621

1

-

Financials

382,370,463

346,512,162

35,858,301

-

Health Care

336,372,573

333,699,984

2,672,589

-

Industrials

494,245,909

494,245,909

-

-

Information Technology

698,604,952

698,604,952

-

-

Materials

133,021,174

133,021,174

-

-

Utilities

17,268,868

17,268,868

-

-

Money Market Funds

50,197,490

50,197,490

-

-

Total Investments in Securities:

$ 3,000,925,807

$ 2,946,471,894

$ 54,453,913

$ -

Income Tax Information

At September 30, 2013, the cost of investment securities for income tax purposes was $2,423,359,887. Net unrealized appreciation aggregated $577,565,920, of which $609,805,128 related to appreciated investment securities and $32,239,208 related to depreciated investment securities.

Investment Valuation

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

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

November 29, 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:

November 29, 2013

By:

/s/Christine Reynolds

 

Christine Reynolds

 

Chief Financial Officer

 

 

Date:

November 29, 2013