NPORT-EX 2 QTLY_3231_20200731.htm

Quarterly Holdings Report
for

Fidelity ZERO℠ Large Cap Index Fund

July 31, 2020







LCX-QTLY-0920
1.9891463.101





Schedule of Investments July 31, 2020 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.4%   
 Shares Value 
COMMUNICATION SERVICES - 10.8%   
Diversified Telecommunication Services - 1.7%   
AT&T, Inc. 553,606 $16,375,665 
CenturyLink, Inc. 76,900 742,085 
Liberty Global PLC:   
Class A (a) 12,706 297,384 
Class C (a) 30,154 686,305 
Verizon Communications, Inc. 321,486 18,479,015 
  36,580,454 
Entertainment - 2.0%   
Activision Blizzard, Inc. 59,880 4,947,884 
Electronic Arts, Inc. (a) 22,438 3,177,670 
Live Nation Entertainment, Inc. (a) 10,937 511,961 
Netflix, Inc. (a) 34,176 16,707,963 
Roku, Inc. Class A (a) 7,095 1,098,945 
Take-Two Interactive Software, Inc. (a) 8,863 1,453,709 
The Walt Disney Co. 140,387 16,416,856 
  44,314,988 
Interactive Media & Services - 5.6%   
Alphabet, Inc.:   
Class A (a) 23,327 34,709,410 
Class C (a) 22,712 33,680,988 
Facebook, Inc. Class A (a) 186,841 47,395,956 
InterActiveCorp (a) 5,652 748,438 
Match Group, Inc. (a) 12,226 1,255,610 
Snap, Inc. Class A (a) 63,548 1,424,746 
Twitter, Inc. (a) 61,034 2,221,638 
  121,436,786 
Media - 1.3%   
Charter Communications, Inc. Class A (a) 11,718 6,796,440 
Comcast Corp. Class A 353,993 15,150,900 
Discovery Communications, Inc.:   
Class A (a)(b) 12,483 263,391 
Class C (non-vtg.) (a) 24,314 460,750 
DISH Network Corp. Class A (a) 19,841 637,095 
Fox Corp.:   
Class A 26,369 679,529 
Class B 12,628 325,424 
Liberty Broadband Corp.:   
Class A (a) 1,928 260,299 
Class C (a) 11,819 1,622,394 
Liberty Media Corp.:   
Liberty Braves Class A (a) 877 16,584 
Liberty Braves Class C (a) 2,504 46,700 
Liberty Formula One Group Series C (a) 15,749 558,145 
Liberty Media Class A (a) 1,998 66,114 
Liberty SiriusXM Series A (a) 6,593 229,370 
Liberty SiriusXM Series C (a) 13,006 455,080 
Omnicom Group, Inc. 16,577 890,682 
ViacomCBS, Inc. Class B 41,958 1,093,845 
  29,552,742 
Wireless Telecommunication Services - 0.2%   
T-Mobile U.S., Inc. (a) 45,256 4,859,589 
TOTAL COMMUNICATION SERVICES  236,744,559 
CONSUMER DISCRETIONARY - 11.4%   
Auto Components - 0.1%   
Aptiv PLC 20,838 1,620,155 
Automobiles - 0.9%   
Ford Motor Co. (b) 303,718 2,007,576 
General Motors Co. 97,898 2,436,681 
Tesla, Inc. (a) 11,379 16,280,618 
  20,724,875 
Distributors - 0.1%   
Genuine Parts Co. 11,204 1,010,041 
LKQ Corp. (a) 23,698 668,047 
  1,678,088 
Hotels, Restaurants & Leisure - 1.5%   
ARAMARK Holdings Corp. 19,539 412,664 
Carnival Corp. (b) 36,676 509,063 
Chipotle Mexican Grill, Inc. (a) 1,990 2,298,768 
Darden Restaurants, Inc. 10,138 769,474 
Domino's Pizza, Inc. 3,031 1,171,815 
Hilton Worldwide Holdings, Inc. 21,612 1,621,981 
Las Vegas Sands Corp. 26,077 1,138,000 
Marriott International, Inc. Class A 20,959 1,756,888 
McDonald's Corp. 57,795 11,228,413 
MGM Mirage, Inc. 38,433 618,387 
Norwegian Cruise Line Holdings Ltd. (a)(b) 21,036 286,931 
Royal Caribbean Cruises Ltd. (b) 13,389 652,178 
Starbucks Corp. 90,811 6,949,766 
Wynn Resorts Ltd. 7,480 541,776 
Yum! Brands, Inc. 23,341 2,125,198 
  32,081,302 
Household Durables - 0.3%   
D.R. Horton, Inc. 25,636 1,696,078 
Garmin Ltd. 11,295 1,113,574 
Lennar Corp.:   
Class A 21,322 1,542,647 
Class B 1,305 70,300 
NVR, Inc. (a) 268 1,053,280 
PulteGroup, Inc. 19,614 855,170 
  6,331,049 
Internet & Direct Marketing Retail - 5.1%   
Amazon.com, Inc. (a) 32,555 103,026,157 
eBay, Inc. 51,354 2,838,849 
Expedia, Inc. 10,469 848,094 
The Booking Holdings, Inc. (a) 3,181 5,287,236 
  112,000,336 
Leisure Products - 0.0%   
Hasbro, Inc. 9,920 721,779 
Multiline Retail - 0.5%   
Dollar General Corp. 19,565 3,725,176 
Dollar Tree, Inc. (a) 18,446 1,721,934 
Target Corp. 38,858 4,891,445 
  10,338,555 
Specialty Retail - 2.3%   
AutoZone, Inc. (a) 1,810 2,185,430 
Best Buy Co., Inc. 17,678 1,760,552 
Burlington Stores, Inc. (a) 5,082 955,416 
CarMax, Inc. (a) 12,637 1,225,410 
Lowe's Companies, Inc. 58,675 8,737,294 
O'Reilly Automotive, Inc. (a) 5,771 2,754,960 
Ross Stores, Inc. 27,636 2,478,120 
The Home Depot, Inc. 83,570 22,186,999 
Tiffany & Co., Inc. 8,491 1,064,432 
TJX Companies, Inc. 93,122 4,841,413 
Tractor Supply Co. 8,992 1,283,518 
Ulta Beauty, Inc. (a) 4,370 843,366 
  50,316,910 
Textiles, Apparel & Luxury Goods - 0.6%   
lululemon athletica, Inc. (a) 8,889 2,894,170 
NIKE, Inc. Class B 96,348 9,404,528 
VF Corp. 24,799 1,496,868 
  13,795,566 
TOTAL CONSUMER DISCRETIONARY  249,608,615 
CONSUMER STAPLES - 6.8%   
Beverages - 1.6%   
Brown-Forman Corp. Class B (non-vtg.) 14,189 983,865 
Constellation Brands, Inc. Class A (sub. vtg.) 13,064 2,328,005 
Molson Coors Beverage Co. Class B 14,624 548,692 
Monster Beverage Corp. (a) 29,063 2,280,864 
PepsiCo, Inc. 107,798 14,839,473 
The Coca-Cola Co. 300,347 14,188,392 
  35,169,291 
Food & Staples Retailing - 1.5%   
Costco Wholesale Corp. 34,310 11,168,934 
Kroger Co. 61,124 2,126,504 
Sysco Corp. 39,481 2,086,571 
Walgreens Boots Alliance, Inc. 57,296 2,332,520 
Walmart, Inc. 110,012 14,235,553 
  31,950,082 
Food Products - 1.1%   
Archer Daniels Midland Co. 43,226 1,851,370 
Conagra Brands, Inc. 37,743 1,413,475 
General Mills, Inc. 47,110 2,980,650 
Hormel Foods Corp. 21,787 1,108,087 
Kellogg Co. 19,393 1,337,923 
Lamb Weston Holdings, Inc. 11,331 680,766 
McCormick & Co., Inc. (non-vtg.) 9,615 1,873,964 
Mondelez International, Inc. 110,925 6,155,228 
The Hershey Co. 11,427 1,661,600 
The J.M. Smucker Co. 8,877 970,700 
The Kraft Heinz Co. 48,435 1,665,195 
Tyson Foods, Inc. Class A 22,886 1,406,345 
  23,105,303 
Household Products - 1.8%   
Church & Dwight Co., Inc. 19,126 1,842,408 
Clorox Co. 9,724 2,299,823 
Colgate-Palmolive Co. 66,551 5,137,737 
Kimberly-Clark Corp. 26,464 4,023,587 
Procter & Gamble Co. 192,324 25,217,523 
  38,521,078 
Personal Products - 0.1%   
Estee Lauder Companies, Inc. Class A 17,466 3,450,234 
Tobacco - 0.7%   
Altria Group, Inc. 144,429 5,943,253 
Philip Morris International, Inc. 120,994 9,293,549 
  15,236,802 
TOTAL CONSUMER STAPLES  147,432,790 
ENERGY - 2.4%   
Energy Equipment & Services - 0.2%   
Baker Hughes Co. Class A 50,754 786,179 
Halliburton Co. 68,013 974,626 
Schlumberger Ltd. 108,017 1,959,428 
  3,720,233 
Oil, Gas & Consumable Fuels - 2.2%   
Apache Corp. 28,984 444,904 
Cheniere Energy, Inc. (a) 17,866 884,010 
Chevron Corp. 145,073 12,177,428 
Concho Resources, Inc. 15,345 806,226 
ConocoPhillips Co. 83,375 3,117,391 
Diamondback Energy, Inc. 12,142 483,980 
EOG Resources, Inc. 45,262 2,120,525 
Exxon Mobil Corp. 328,552 13,825,468 
Hess Corp. 20,326 1,000,242 
Kinder Morgan, Inc. 151,213 2,132,103 
Marathon Petroleum Corp. 50,552 1,931,086 
Occidental Petroleum Corp. 70,023 1,102,162 
Occidental Petroleum Corp. warrants 8/3/27 (a) 8,623 48,289 
ONEOK, Inc. 34,119 952,261 
Phillips 66 Co. 33,950 2,105,579 
Pioneer Natural Resources Co. 12,785 1,239,122 
The Williams Companies, Inc. 94,310 1,804,150 
Valero Energy Corp. 31,694 1,782,154 
  47,957,080 
TOTAL ENERGY  51,677,313 
FINANCIALS - 9.9%   
Banks - 3.3%   
Bank of America Corp. 606,690 15,094,447 
Citigroup, Inc. 161,795 8,091,368 
Citizens Financial Group, Inc. 33,048 819,921 
Fifth Third Bancorp 55,261 1,097,483 
First Republic Bank 13,292 1,495,084 
Huntington Bancshares, Inc. 78,578 728,418 
JPMorgan Chase & Co. 236,755 22,880,003 
KeyCorp 76,042 913,264 
M&T Bank Corp. 9,938 1,052,931 
PNC Financial Services Group, Inc. 32,981 3,518,083 
Regions Financial Corp. 74,696 811,199 
SVB Financial Group (a) 4,015 900,444 
Truist Financial Corp. 104,741 3,923,598 
U.S. Bancorp 106,560 3,925,670 
Wells Fargo & Co. 289,932 7,033,750 
  72,285,663 
Capital Markets - 2.7%   
Ameriprise Financial, Inc. 9,514 1,461,636 
Bank of New York Mellon Corp. 62,621 2,244,963 
BlackRock, Inc. Class A 11,988 6,893,220 
Cboe Global Markets, Inc. 8,539 748,870 
Charles Schwab Corp. 89,048 2,951,941 
CME Group, Inc. 27,864 4,630,440 
FactSet Research Systems, Inc. 2,939 1,017,776 
Goldman Sachs Group, Inc. 24,053 4,761,532 
Intercontinental Exchange, Inc. 42,521 4,115,182 
MarketAxess Holdings, Inc. 2,936 1,517,031 
Moody's Corp. 12,531 3,524,970 
Morgan Stanley 93,057 4,548,626 
MSCI, Inc. 6,608 2,484,476 
Northern Trust Corp. 16,182 1,267,860 
Raymond James Financial, Inc. 9,434 655,474 
S&P Global, Inc. 18,717 6,555,629 
State Street Corp. 27,357 1,745,103 
T. Rowe Price Group, Inc. 17,685 2,442,299 
TD Ameritrade Holding Corp. 20,552 737,611 
The Blackstone Group LP 52,065 2,774,023 
The NASDAQ OMX Group, Inc. 8,898 1,168,396 
  58,247,058 
Consumer Finance - 0.4%   
Ally Financial, Inc. 29,009 583,081 
American Express Co. 51,306 4,787,876 
Capital One Financial Corp. 35,416 2,259,541 
Discover Financial Services 23,763 1,174,605 
Synchrony Financial 41,643 921,560 
  9,726,663 
Diversified Financial Services - 1.4%   
AXA Equitable Holdings, Inc. 31,597 646,475 
Berkshire Hathaway, Inc. Class B (a) 151,037 29,570,024 
  30,216,499 
Insurance - 2.0%   
AFLAC, Inc. 55,631 1,978,795 
Alleghany Corp. 1,117 583,431 
Allstate Corp. 24,421 2,305,098 
American International Group, Inc. 66,970 2,152,416 
Aon PLC 17,961 3,685,956 
Arch Capital Group Ltd. (a) 31,360 964,320 
Arthur J. Gallagher & Co. 14,754 1,585,907 
Brown & Brown, Inc. 18,276 831,010 
Chubb Ltd. 35,076 4,463,070 
Cincinnati Financial Corp. 11,747 915,444 
Everest Re Group Ltd. 3,087 675,405 
FNF Group 22,497 728,003 
Globe Life, Inc. 7,631 607,428 
Hartford Financial Services Group, Inc. 27,768 1,175,142 
Lincoln National Corp. 14,914 555,845 
Loews Corp. 18,695 680,685 
Markel Corp. (a) 1,073 1,120,791 
Marsh & McLennan Companies, Inc. 39,650 4,623,190 
MetLife, Inc. 59,970 2,269,865 
Principal Financial Group, Inc. 19,825 841,175 
Progressive Corp. 45,480 4,108,663 
Prudential Financial, Inc. 30,709 1,946,029 
The Travelers Companies, Inc. 19,655 2,248,925 
W.R. Berkley Corp. 11,023 680,670 
Willis Towers Watson PLC 10,009 2,101,990 
  43,829,253 
Mortgage Real Estate Investment Trusts - 0.1%   
AGNC Investment Corp. 43,526 591,954 
Annaly Capital Management, Inc. 111,052 822,895 
  1,414,849 
TOTAL FINANCIALS  215,719,985 
HEALTH CARE - 14.4%   
Biotechnology - 2.5%   
AbbVie, Inc. 136,951 12,998,019 
Alexion Pharmaceuticals, Inc. (a) 17,173 1,760,061 
Alnylam Pharmaceuticals, Inc. (a) 8,765 1,277,586 
Amgen, Inc. 45,711 11,184,110 
Biogen, Inc. (a) 12,684 3,484,168 
BioMarin Pharmaceutical, Inc. (a) 14,067 1,685,367 
Exact Sciences Corp. (a) 11,067 1,048,598 
Gilead Sciences, Inc. 97,448 6,775,559 
Incyte Corp. (a) 13,980 1,380,665 
Regeneron Pharmaceuticals, Inc. (a) 7,839 4,954,797 
Seattle Genetics, Inc. (a) 8,983 1,493,603 
Vertex Pharmaceuticals, Inc. (a) 20,158 5,482,976 
  53,525,509 
Health Care Equipment & Supplies - 3.8%   
Abbott Laboratories 137,433 13,831,257 
Align Technology, Inc. (a) 5,572 1,637,165 
Baxter International, Inc. 39,539 3,415,379 
Becton, Dickinson & Co. 22,913 6,446,343 
Boston Scientific Corp. (a) 111,056 4,283,430 
Danaher Corp. 48,889 9,963,578 
Dentsply Sirona, Inc. 16,928 754,989 
DexCom, Inc. (a) 7,173 3,124,128 
Edwards Lifesciences Corp. (a) 48,159 3,776,147 
Hologic, Inc. (a) 20,088 1,401,741 
IDEXX Laboratories, Inc. (a) 6,601 2,625,548 
Insulet Corp. (a) 5,091 1,035,306 
Intuitive Surgical, Inc. (a) 9,063 6,212,143 
Medtronic PLC 104,201 10,053,312 
ResMed, Inc. 11,244 2,277,022 
STERIS PLC 6,592 1,052,281 
Stryker Corp. 25,052 4,842,552 
Teleflex, Inc. 3,612 1,347,637 
The Cooper Companies, Inc. 3,823 1,081,641 
Varian Medical Systems, Inc. (a) 7,051 1,006,319 
West Pharmaceutical Services, Inc. 5,723 1,538,743 
Zimmer Biomet Holdings, Inc. 16,080 2,168,549 
  83,875,210 
Health Care Providers & Services - 2.6%   
AmerisourceBergen Corp. 11,498 1,151,985 
Anthem, Inc. 19,595 5,365,111 
Cardinal Health, Inc. 22,634 1,236,269 
Centene Corp. (a) 45,019 2,937,490 
Cigna Corp. 28,682 4,953,095 
CVS Health Corp. 101,571 6,392,879 
HCA Holdings, Inc. 20,477 2,593,207 
Henry Schein, Inc. (a) 11,053 759,673 
Humana, Inc. 10,276 4,032,816 
Laboratory Corp. of America Holdings (a) 7,564 1,459,247 
McKesson Corp. 12,581 1,889,163 
Quest Diagnostics, Inc. 10,363 1,316,826 
UnitedHealth Group, Inc. 73,692 22,312,464 
Universal Health Services, Inc. Class B 6,058 665,774 
  57,065,999 
Health Care Technology - 0.2%   
Cerner Corp. 23,594 1,638,603 
Veeva Systems, Inc. Class A (a) 10,487 2,774,546 
  4,413,149 
Life Sciences Tools & Services - 1.2%   
Agilent Technologies, Inc. 24,005 2,312,402 
Illumina, Inc. (a) 11,423 4,365,414 
IQVIA Holdings, Inc. (a) 13,809 2,187,208 
Mettler-Toledo International, Inc. (a) 1,858 1,737,230 
PerkinElmer, Inc. 8,647 1,028,215 
Thermo Fisher Scientific, Inc. 30,687 12,702,884 
Waters Corp. (a) 4,798 1,022,694 
  25,356,047 
Pharmaceuticals - 4.1%   
Bristol-Myers Squibb Co. 175,839 10,314,716 
Elanco Animal Health, Inc. (a) 30,948 731,301 
Eli Lilly & Co. 65,440 9,834,978 
Johnson & Johnson 204,704 29,837,655 
Merck & Co., Inc. 196,131 15,737,551 
Mylan NV (a) 39,908 642,918 
Pfizer, Inc. 431,636 16,609,353 
Zoetis, Inc. Class A 36,915 5,599,267 
  89,307,739 
TOTAL HEALTH CARE  313,543,653 
INDUSTRIALS - 7.5%   
Aerospace & Defense - 1.6%   
General Dynamics Corp. 18,066 2,651,005 
Harris Corp. 16,781 2,824,746 
HEICO Corp. 3,174 305,085 
HEICO Corp. Class A 5,618 430,058 
Howmet Aerospace, Inc. 29,680 438,670 
Huntington Ingalls Industries, Inc. 3,134 544,407 
Lockheed Martin Corp. 19,175 7,266,750 
Northrop Grumman Corp. 12,049 3,916,045 
Raytheon Technologies Corp. 114,312 6,479,204 
Teledyne Technologies, Inc. (a) 2,843 871,948 
Textron, Inc. 17,741 619,871 
The Boeing Co. 41,662 6,582,596 
TransDigm Group, Inc. 3,896 1,681,436 
  34,611,821 
Air Freight & Logistics - 0.5%   
Expeditors International of Washington, Inc. 12,904 1,090,517 
FedEx Corp. 18,682 3,146,049 
United Parcel Service, Inc. Class B 54,708 7,810,114 
  12,046,680 
Airlines - 0.2%   
American Airlines Group, Inc. (b) 38,760 431,011 
Delta Air Lines, Inc. 44,205 1,103,799 
Southwest Airlines Co. 41,604 1,285,148 
United Airlines Holdings, Inc. (a) 19,641 616,335 
  3,436,293 
Building Products - 0.4%   
Allegion PLC 7,178 713,924 
Carrier Global Corp. 63,281 1,723,774 
Fortune Brands Home & Security, Inc. 10,860 830,790 
Johnson Controls International PLC 57,820 2,224,914 
Masco Corp. 20,522 1,173,038 
Trane Technologies PLC 18,593 2,079,999 
  8,746,439 
Commercial Services & Supplies - 0.4%   
Cintas Corp. 6,555 1,978,758 
Copart, Inc. (a) 16,011 1,493,026 
Republic Services, Inc. 16,285 1,420,866 
Waste Management, Inc. 30,186 3,308,386 
  8,201,036 
Construction & Engineering - 0.0%   
Jacobs Engineering Group, Inc. 10,067 859,218 
Electrical Equipment - 0.4%   
AMETEK, Inc. 17,845 1,664,046 
Eaton Corp. PLC 31,085 2,894,946 
Emerson Electric Co. 46,433 2,879,310 
Rockwell Automation, Inc. 9,002 1,963,696 
  9,401,998 
Industrial Conglomerates - 1.0%   
3M Co. 44,695 6,725,257 
General Electric Co. 679,885 4,126,902 
Honeywell International, Inc. 54,547 8,147,685 
Roper Technologies, Inc. 8,115 3,509,332 
  22,509,176 
Machinery - 1.4%   
Caterpillar, Inc. 42,054 5,588,136 
Cummins, Inc. 11,464 2,215,533 
Deere & Co. 24,310 4,286,096 
Dover Corp. 11,167 1,149,419 
Fortive Corp. 23,042 1,617,318 
IDEX Corp. 5,865 966,669 
Illinois Tool Works, Inc. 22,330 4,130,827 
Otis Worldwide Corp. 31,638 1,984,968 
PACCAR, Inc. 26,861 2,285,334 
Parker Hannifin Corp. 9,983 1,786,158 
Stanley Black & Decker, Inc. 11,944 1,831,254 
Westinghouse Air Brake Co. 14,038 873,023 
Xylem, Inc. 14,000 1,021,720 
  29,736,455 
Professional Services - 0.5%   
CoStar Group, Inc. (a) 3,059 2,599,416 
Equifax, Inc. 9,438 1,534,241 
IHS Markit Ltd. 31,006 2,503,114 
TransUnion Holding Co., Inc. 14,719 1,318,381 
Verisk Analytics, Inc. 12,609 2,379,444 
  10,334,596 
Road & Rail - 0.9%   
CSX Corp. 59,508 4,245,301 
Kansas City Southern 7,397 1,271,174 
Lyft, Inc. (a)(b) 16,348 477,852 
Norfolk Southern Corp. 19,918 3,828,439 
Old Dominion Freight Lines, Inc. 7,340 1,341,899 
Union Pacific Corp. 52,730 9,140,746 
  20,305,411 
Trading Companies & Distributors - 0.2%   
Fastenal Co. 44,535 2,094,926 
United Rentals, Inc. (a) 5,571 865,566 
W.W. Grainger, Inc. 3,358 1,146,858 
  4,107,350 
TOTAL INDUSTRIALS  164,296,473 
INFORMATION TECHNOLOGY - 27.9%   
Communications Equipment - 0.8%   
Arista Networks, Inc. (a)(b) 4,187 1,087,657 
Cisco Systems, Inc. 329,533 15,521,004 
Motorola Solutions, Inc. 13,183 1,842,983 
  18,451,644 
Electronic Equipment & Components - 0.5%   
Amphenol Corp. Class A 23,021 2,434,701 
CDW Corp. 11,075 1,287,469 
Corning, Inc. 59,025 1,829,775 
Keysight Technologies, Inc. (a) 14,549 1,453,300 
TE Connectivity Ltd. 25,574 2,277,876 
Trimble, Inc. (a) 19,377 862,470 
Zebra Technologies Corp. Class A (a) 4,117 1,155,848 
  11,301,439 
IT Services - 6.0%   
Accenture PLC Class A 49,492 11,124,812 
Akamai Technologies, Inc. (a) 12,618 1,418,768 
Amdocs Ltd. 10,316 640,624 
Automatic Data Processing, Inc. 33,401 4,439,327 
Black Knight, Inc. (a) 11,677 874,841 
Booz Allen Hamilton Holding Corp. Class A 10,741 878,184 
Broadridge Financial Solutions, Inc. 8,902 1,195,895 
Cognizant Technology Solutions Corp. Class A 42,021 2,870,875 
EPAM Systems, Inc. (a) 4,327 1,255,176 
Fidelity National Information Services, Inc. 48,011 7,024,489 
Fiserv, Inc. (a) 43,712 4,362,020 
FleetCor Technologies, Inc. (a) 6,496 1,679,671 
Gartner, Inc. (a) 6,950 866,248 
Global Payments, Inc. 23,251 4,139,143 
GoDaddy, Inc. (a) 12,861 903,871 
IBM Corp. 68,992 8,481,876 
Jack Henry & Associates, Inc. 5,960 1,062,668 
Leidos Holdings, Inc. 10,365 986,333 
MasterCard, Inc. Class A 68,669 21,186,447 
Okta, Inc. (a) 9,026 1,994,565 
Paychex, Inc. 24,764 1,781,027 
PayPal Holdings, Inc. (a) 91,235 17,888,446 
Square, Inc. (a) 26,521 3,443,752 
The Western Union Co. 31,997 776,887 
Twilio, Inc. Class A (a) 9,996 2,773,090 
VeriSign, Inc. (a) 7,905 1,673,330 
Visa, Inc. Class A 131,082 24,958,013 
  130,680,378 
Semiconductors & Semiconductor Equipment - 4.7%   
Advanced Micro Devices, Inc. (a) 91,014 7,047,214 
Analog Devices, Inc. 28,633 3,288,500 
Applied Materials, Inc. 71,223 4,581,776 
Broadcom, Inc. 31,064 9,839,522 
Intel Corp. 328,960 15,701,261 
KLA-Tencor Corp. 12,051 2,408,151 
Lam Research Corp. 11,282 4,255,119 
Marvell Technology Group Ltd. 51,548 1,879,956 
Maxim Integrated Products, Inc. 20,734 1,411,778 
Microchip Technology, Inc. 19,078 1,940,805 
Micron Technology, Inc. (a) 86,436 4,326,554 
NVIDIA Corp. 47,797 20,294,128 
Qorvo, Inc. (a) 8,898 1,140,279 
Qualcomm, Inc. 87,401 9,230,420 
Skyworks Solutions, Inc. 12,971 1,888,318 
Teradyne, Inc. 12,859 1,143,937 
Texas Instruments, Inc. 71,292 9,093,295 
Xilinx, Inc. 18,901 2,029,022 
  101,500,035 
Software - 9.5%   
Adobe, Inc. (a) 37,438 16,634,452 
ANSYS, Inc. (a) 6,682 2,075,429 
Autodesk, Inc. (a) 17,036 4,027,821 
Cadence Design Systems, Inc. (a) 21,715 2,372,364 
Citrix Systems, Inc. 8,988 1,283,127 
Coupa Software, Inc. (a) 5,163 1,582,201 
DocuSign, Inc. (a) 10,109 2,191,934 
Fair Isaac Corp. (a) 2,259 992,130 
Fortinet, Inc. (a) 10,436 1,443,299 
Guidewire Software, Inc. (a) 6,465 760,672 
Intuit, Inc. 20,266 6,208,894 
Microsoft Corp. 589,240 120,800,092 
Nortonlifelock, Inc. 42,191 904,997 
Oracle Corp. 161,727 8,967,762 
Palo Alto Networks, Inc. (a) 7,480 1,914,282 
Paycom Software, Inc. (a) 3,753 1,067,241 
RingCentral, Inc. (a) 5,987 1,737,846 
Salesforce.com, Inc. (a) 70,014 13,642,228 
ServiceNow, Inc. (a) 14,821 6,509,383 
Splunk, Inc. (a) 12,348 2,590,857 
SS&C Technologies Holdings, Inc. 17,333 996,648 
Synopsys, Inc. (a) 11,731 2,337,050 
The Trade Desk, Inc. (a)(b) 3,170 1,430,684 
Tyler Technologies, Inc. (a) 3,076 1,098,901 
VMware, Inc. Class A (a)(b) 6,203 869,723 
Workday, Inc. Class A (a) 12,720 2,301,302 
  206,741,319 
Technology Hardware, Storage & Peripherals - 6.4%   
Apple, Inc. 316,576 134,557,469 
Hewlett Packard Enterprise Co. 99,825 985,273 
HP, Inc. 111,169 1,954,351 
NetApp, Inc. 17,231 763,333 
Seagate Technology LLC 17,480 790,446 
Western Digital Corp. 23,337 1,005,825 
  140,056,697 
TOTAL INFORMATION TECHNOLOGY  608,731,512 
MATERIALS - 2.4%   
Chemicals - 1.7%   
Air Products & Chemicals, Inc. 17,159 4,918,284 
Celanese Corp. Class A 9,185 892,782 
Corteva, Inc. 58,156 1,660,935 
Dow, Inc. 57,571 2,363,865 
DuPont de Nemours, Inc. 57,021 3,049,483 
Eastman Chemical Co. 10,584 789,884 
Ecolab, Inc. 19,219 3,595,491 
FMC Corp. 10,070 1,067,924 
International Flavors & Fragrances, Inc. (b) 8,282 1,043,118 
Linde PLC 40,803 10,001,223 
LyondellBasell Industries NV Class A 19,976 1,248,900 
PPG Industries, Inc. 18,340 1,974,301 
Sherwin-Williams Co. 6,279 4,068,290 
  36,674,480 
Construction Materials - 0.1%   
Martin Marietta Materials, Inc. 4,844 1,003,580 
Vulcan Materials Co. 10,298 1,209,191 
  2,212,771 
Containers & Packaging - 0.3%   
Amcor PLC 122,350 1,260,205 
Avery Dennison Corp. 6,464 732,630 
Ball Corp. 25,331 1,865,122 
Crown Holdings, Inc. (a) 10,487 750,659 
International Paper Co. 30,504 1,061,234 
WestRock Co. 20,155 541,363 
  6,211,213 
Metals & Mining - 0.3%   
Arconic Rolled Products Corp. (a) 7,320 119,243 
Freeport-McMoRan, Inc. 112,931 1,459,069 
Newmont Corp. 62,368 4,315,866 
Nucor Corp. 23,394 981,378 
  6,875,556 
TOTAL MATERIALS  51,974,020 
REAL ESTATE - 2.9%   
Equity Real Estate Investment Trusts (REITs) - 2.9%   
Alexandria Real Estate Equities, Inc. 9,824 1,744,251 
American Tower Corp. 34,449 9,004,624 
AvalonBay Communities, Inc. 10,904 1,669,620 
Boston Properties, Inc. 11,216 999,233 
Camden Property Trust (SBI) 7,613 691,337 
Crown Castle International Corp. 32,389 5,399,246 
Digital Realty Trust, Inc. 20,854 3,347,901 
Duke Realty Corp. 28,642 1,151,122 
Equinix, Inc. 6,879 5,403,317 
Equity Lifestyle Properties, Inc. 14,120 964,678 
Equity Residential (SBI) 27,091 1,452,890 
Essex Property Trust, Inc. 5,072 1,119,593 
Extra Space Storage, Inc. 9,983 1,031,643 
HCP, Inc. 41,762 1,139,685 
Host Hotels & Resorts, Inc. 54,972 592,598 
Invitation Homes, Inc. 42,135 1,256,466 
Medical Properties Trust, Inc. 41,092 827,182 
Mid-America Apartment Communities, Inc. 8,881 1,058,526 
Prologis, Inc. 57,404 6,051,530 
Public Storage 11,689 2,336,397 
Realty Income Corp. 26,726 1,604,896 
Regency Centers Corp. 13,247 543,524 
SBA Communications Corp. Class A 8,678 2,703,544 
Simon Property Group, Inc. 23,785 1,482,995 
Sun Communities, Inc. 7,617 1,142,017 
UDR, Inc. 23,050 834,410 
Ventas, Inc. 28,918 1,109,294 
VEREIT, Inc. 83,956 546,554 
VICI Properties, Inc. 36,348 789,115 
Vornado Realty Trust 12,349 426,287 
Welltower, Inc. 32,465 1,738,825 
Weyerhaeuser Co. 58,048 1,614,315 
WP Carey, Inc. 13,395 956,001 
  62,733,616 
Real Estate Management & Development - 0.0%   
CBRE Group, Inc. (a) 25,997 1,138,929 
TOTAL REAL ESTATE  63,872,545 
UTILITIES - 3.0%   
Electric Utilities - 1.8%   
Alliant Energy Corp. 19,312 1,039,951 
American Electric Power Co., Inc. 38,539 3,348,268 
Duke Energy Corp. 57,117 4,840,095 
Edison International 29,399 1,636,642 
Entergy Corp. 15,533 1,632,984 
Evergy, Inc. 17,605 1,141,332 
Eversource Energy 26,168 2,356,952 
Exelon Corp. 75,754 2,924,862 
FirstEnergy Corp. 42,028 1,218,812 
NextEra Energy, Inc. 38,033 10,675,863 
Pinnacle West Capital Corp. 8,676 720,802 
PPL Corp. 59,844 1,593,047 
Southern Co. 82,085 4,482,662 
Xcel Energy, Inc. 40,827 2,818,696 
  40,430,968 
Gas Utilities - 0.0%   
Atmos Energy Corp. 9,455 1,002,135 
Independent Power and Renewable Electricity Producers - 0.1%   
The AES Corp. 51,792 788,792 
Vistra Corp. 35,012 653,324 
  1,442,116 
Multi-Utilities - 1.0%   
Ameren Corp. 19,225 1,542,614 
CenterPoint Energy, Inc. 42,097 800,264 
CMS Energy Corp. 22,184 1,423,769 
Consolidated Edison, Inc. 25,976 1,995,736 
Dominion Energy, Inc. 65,222 5,284,939 
DTE Energy Co. 14,928 1,726,125 
NiSource, Inc. 29,720 726,654 
Public Service Enterprise Group, Inc. 39,318 2,199,449 
Sempra Energy 22,743 2,830,594 
WEC Energy Group, Inc. 24,530 2,336,728 
  20,866,872 
Water Utilities - 0.1%   
American Water Works Co., Inc. 14,074 2,072,678 
Essential Utilities, Inc. 17,219 780,882 
  2,853,560 
TOTAL UTILITIES  66,595,651 
TOTAL COMMON STOCKS   
(Cost $1,927,860,346)  2,170,197,116 
Money Market Funds - 0.7%   
Fidelity Cash Central Fund 0.14% (c) 7,535,559 7,537,820 
Fidelity Securities Lending Cash Central Fund 0.13% (c)(d) 6,770,414 6,771,091 
TOTAL MONEY MARKET FUNDS   
(Cost $14,308,376)  14,308,911 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $1,942,168,722)  2,184,506,027 
NET OTHER ASSETS (LIABILITIES) - (0.1)%(e)  (1,327,793) 
NET ASSETS - 100%  $2,183,178,234 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 80 Sept. 2020 $13,054,000 $327,556 $327,556 

The notional amount of futures purchased as a percentage of Net Assets is 0.6%

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.

 (e) Includes $756,000 of cash collateral to cover margin requirements for futures contracts.

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 $63,801 
Fidelity Securities Lending Cash Central Fund 54,426 
Total $118,227 

Amounts in the income column in the above table include any capital gain distributions from underlying funds. Amount 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. 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 Fair Value Committee (the Committee) established by the Fund's investment adviser. 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 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:

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. 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. 

Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy.

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 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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