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)

82 Devonshire St., Boston, Massachusetts 02109
 (Address of principal executive offices)       (Zip code)

Scott C. Goebel, Secretary

82 Devonshire St.

Boston, Massachusetts 02109
(Name and address of agent for service)

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

Date of fiscal year end:

September 30

 

 

Date of reporting period:

December 31, 2011

Item 1. Schedule of Investments

Quarterly Holdings Report

for

Fidelity ® Advisor Stock Selector
All Cap Fund
Class A
Class T
Class B
Class C
Institutional Class

December 31, 2011 

1.797933.108

ARG-QTLY-0212

Investments December 31, 2011 (Unaudited)

Showing Percentage of Net Assets

Equity Central Funds - 100.1%

Shares

Value

Fidelity Consumer Discretionary Central Fund (b)

441,822

$ 55,718,207

Fidelity Consumer Staples Central Fund (b)

489,939

69,875,114

Fidelity Energy Central Fund (b)

620,354

72,265,014

Fidelity Financials Central Fund (b)

1,777,136

86,066,682

Fidelity Health Care Central Fund (b)

528,830

71,249,306

Fidelity Industrials Central Fund (b)

464,790

62,346,931

Fidelity Information Technology Central Fund (b)

743,212

117,301,119

Fidelity Materials Central Fund (b)

130,985

20,305,267

Fidelity Telecom Services Central Fund (b)

156,849

18,555,184

Fidelity Utilities Central Fund (b)

215,337

23,809,804

TOTAL EQUITY CENTRAL FUNDS

(Cost $556,931,836)

597,492,628

Money Market Central Funds - 0.0%

 

 

 

 

Fidelity Cash Central Fund, 0.11% (a)
(Cost $110)

110

110

TOTAL INVESTMENT PORTFOLIO - 100.1%

(Cost $556,931,946)

597,492,738

NET OTHER ASSETS (LIABILITIES) - (0.1)%

(381,088)

NET ASSETS - 100%

$ 597,111,650

Legend

(a) Affiliated fund that is 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.

(b) Affiliated fund that is available only to investment companies and other accounts managed by Fidelity Investments. A complete unaudited schedule of portfolio holdings for each Fidelity Central Fund is filed with the SEC for the first and third quarters of each fiscal year on Form N-Q and is available upon request or at the SEC's web site at www.sec.gov. An unaudited holdings listing for the Fund, which presents direct holdings as well as the pro rata share of securities and other investments held indirectly through its investment in underlying non-money market Fidelity Central Funds, is available at advisor.fidelity.com. In addition, each Fidelity Central Fund's financial statements are available on the SEC's web site or upon request.

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

$ 14

Fidelity Consumer Discretionary Central Fund

236,634

Fidelity Consumer Staples Central Fund

383,770

Fidelity Energy Central Fund

429,402

Fidelity Financials Central Fund

320,929

Fidelity Health Care Central Fund

168,727

Fidelity Industrials Central Fund

289,720

Fidelity Information Technology Central Fund

134,567

Fidelity Materials Central Fund

165,404

Fidelity Telecom Services Central Fund

137,181

Fidelity Utilities Central Fund

215,818

Total

$ 2,482,166

Additional information regarding the Fund's fiscal year to date purchases and sales, including the ownership percentage, of the non Money Market Central Funds is as follows:

Fund

Value,
beginning of
period

Purchases

Sales
Proceeds

Value,
end of
period

% ownership,
end of
period

Fidelity Consumer Discretionary Central Fund

$ 51,294,752

$ 1,694,944

$ 2,641,530

$ 55,718,207

7.9%

Fidelity Consumer Staples Central Fund

66,633,590

410,194

2,589,270

69,875,114

9.2%

Fidelity Energy Central Fund

66,398,451

702,404

5,316,524

72,265,014

8.8%

Fidelity Financials Central Fund

86,558,503

3,148,248

11,386,578

86,066,682

8.2%

Fidelity Health Care Central Fund

70,699,379

935,073

6,755,127

71,249,306

8.4%

Fidelity Industrials Central Fund

59,339,579

291,056

5,479,020

62,346,931

8.2%

Fidelity Information Technology Central Fund

105,369,322

8,881,040

1,699,012

117,301,119

8.7%

Fund

Value,
beginning of
period

Purchases

Sales
Proceeds

Value,
end of
period

% ownership,
end of
period

Fidelity Materials Central Fund

$ 18,256,588

$ 166,975

$ 946,240

$ 20,305,267

7.5%

Fidelity Telecom Services Central Fund

18,411,070

137,181

1,125,790

18,555,184

8.8%

Fidelity Utilities Central Fund

23,608,689

215,818

1,463,928

23,809,804

8.4%

Total

$ 566,569,923

$ 16,582,933

$ 39,403,019

$ 597,492,628

Other Information

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

Income Tax Information

At December 31, 2011, the cost of investment securities for income tax purposes was $557,544,300. Net unrealized appreciation aggregated $39,948,438, of which $62,663,792 related to appreciated investment securities and $22,715,354 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 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). 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 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:

February 28, 2012

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:

February 28, 2012

By:

/s/Christine Reynolds

 

Christine Reynolds

 

Chief Financial Officer

 

 

Date:

February 28, 2012