NPORT-P false 0000927384 XXXXXXXX S000007735 C000021046 C000021047 C000021048 C000021049 Variable Insurance Products Fund III 811-07205 0000927384 C88PZA3GJP7OWPNW6V03 245 Summer Street Boston 02210 1-800-FIDELITY VIP Value Strategies Portfolio S000007735 518QRX46BNFPZQYG2M48 2025-12-31 2025-03-31 N 912691391.36 54442842.08 858248549.28 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.55000000 N AES CORP 2NUNNB7D43COUIRE5295 00130H105 895800.00000000 NS USD 11125836.00000000 1.296341952378 Long EC CORP US N 1 N N N AZZ INC 549300HD1X2NFLWPYC83 002474104 61500.00000000 NS USD 5142015.00000000 0.599128889214 Long EC CORP US N 1 N N N ACADIA HEALTHCARE CO INC 5493005CW985Y9D0NC11 00404A109 317600.00000000 NS USD 9629632.00000000 1.122009703142 Long EC CORP US N 1 N N N ALLISON TRANSMISSION HLDGS INC 529900RP7DJ882LI9T83 01973R101 79771.00000000 NS USD 7631691.57000000 0.889216949612 Long EC CORP US N 1 N N N AMERICAN FINL GROUP INC OHIO 549300AFOM7IVKIU1G39 025932104 73600.00000000 NS USD 9666624.00000000 1.126319876463 Long EC CORP US N 1 N N N AMERIPRISE FINL INC 6ZLKQF7QB6JAEKQS5388 03076C106 25300.00000000 NS USD 12247983.00000000 1.427090440208 Long EC CORP US N 1 N N N ARROW ELECTRONICS INC 549300YNNLBXT8N8R512 042735100 111300.00000000 NS USD 11556279.00000000 1.346495605462 Long EC CORP US N 1 N N N ASSURANT INC H3F39CAXWQRVWURFXL38 04621X108 43000.00000000 NS USD 9019250.00000000 1.050890212114 Long EC CORP US N 1 N N N BRP INC 529900EPQGESIRCPY551 05577W200 116000.00000000 NS 3916778.43000000 0.456368779566 Long EC CORP CA N 1 N N GALP ENERGIA SGPS SA 2138003319Y7NM75FG53 N/A 370900.00000000 NS 6509109.15000000 0.758417728228 Long EC CORP PT N 1 N N N BRINKS CO XFP140TFNOQMIVFTVQ13 109696104 70600.00000000 NS USD 6082896.00000000 0.708756921885 Long EC CORP US N 1 N N N BUILDERS FIRSTSOURCE INC 549300W0SKP6L3H7DP63 12008R107 66500.00000000 NS USD 8308510.00000000 0.968077371872 Long EC CORP US N 1 N N N CVS HEALTH CORP 549300EJG376EN5NQE29 126650100 241200.00000000 NS USD 16341300.00000000 1.904028851981 Long EC CORP US N 1 N N N CHEMOURS CO 549300M1BOLNXL8DOV14 163851108 371200.00000000 NS USD 5022336.00000000 0.585184327338 Long EC CORP US N 1 N N N CHENIERE ENERGY INC MIHC87W9WTYSYZWV1J40 16411R208 38100.00000000 NS USD 8816340.00000000 1.027247876783 Long EC CORP US N 1 N N N SIGNET JEWELERS LTD 549300N3XPGE91WV7M22 N/A 117500.00000000 NS USD 6822050.00000000 0.794880458082 Long EC CORP BM N 1 N N DARLING INGREDIENTS INC L1N0SPPKS7EXZYUMZ898 237266101 267663.00000000 NS USD 8361792.12000000 0.974285610737 Long EC CORP US N 1 N N N DOLLAR TREE INC 549300PMSTQITB1WHR43 256746108 102000.00000000 NS USD 7657140.00000000 0.892182108134 Long EC CORP US N 1 N N N KEURIG DR PEPPER INC DYTQ8KRTKO7Y2BVU5K74 49271V100 250100.00000000 NS USD 8558422.00000000 0.997196209324 Long EC CORP US N 1 N N N EAST WEST BANCORP INC N/A 27579R104 157593.00000000 NS USD 14145547.68000000 1.648187776357 Long EC CORP US N 1 N N N EASTGROUP PROPERTIES INC 31TIGQQZC4P6JMHKSW85 277276101 78400.00000000 NS USD 13810160.00000000 1.609109623498 Long EC CORP US N 1 N N N EDISON INTERNATIONAL 549300I7ROF15MAEVP56 281020107 147900.00000000 NS USD 8714268.00000000 1.015354818520 Long EC CORP US N 1 N N N EVERSOURCE ENERGY SJ7XXD41SQU3ZNWUJ746 30040W108 132300.00000000 NS USD 8217153.00000000 0.957432786445 Long EC CORP US N 1 N N N FEDEX CORP 549300E707U7WNPZN687 31428X106 26800.00000000 NS USD 6533304.00000000 0.761236824167 Long EC CORP US N 1 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 31635A105 950533.33800000 NS USD 950723.44000000 0.110774837988 Long STIV RF US N 1 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 31635A303 53895828.75200000 NS USD 53901218.33000000 6.280373951720 Long STIV RF US N 1 N N FIRST CITIZENS BANCSHARES INC/NC 549300N3Z00ZHE2XC526 31946M103 7000.00000000 NS USD 12978840.00000000 1.512247240136 Long EC CORP US N 1 N N N FIRST QUANTUM MINERALS LTD 549300I7UVBGWRYMYZ18 335934105 428500.00000000 NS 5761769.92000000 0.671340478796 Long EC CORP CA N 1 N N N FIRST SOLAR INC 549300NPYMLM4NHTOF27 336433107 67700.00000000 NS USD 8559311.00000000 0.997299792371 Long EC CORP US N 1 N N N FLUOR CORP NEW CQ7WZ4NOFWT7FAE6Q943 343412102 101600.00000000 NS USD 3639312.00000000 0.424039400131 Long EC CORP US N 1 N N N GILDAN ACTIVEWEAR INC 549300SB3IBI34M00Z45 375916103 160300.00000000 NS 7086818.39000000 0.825730308072 Long EC CORP CA N 1 N N N GLOBAL PAYMENTS INC 549300NOMHGVQBX6S778 37940X102 156700.00000000 NS USD 15344064.00000000 1.787834539641 Long EC CORP US N 1 N N N HASBRO INC 549300NUB6D2R1ITYR45 418056107 71800.00000000 NS USD 4414982.00000000 0.514417647860 Long EC CORP US N 1 N N N HERC HOLDINGS INC 549300TP80QLITMSBP82 42704L104 54600.00000000 NS USD 7331142.00000000 0.854198006643 Long EC CORP US N 1 N N JAZZ PHARMACEUTICALS PLC 635400GAUMJCLEZRRV50 N/A 47000.00000000 NS USD 5835050.00000000 0.679878807240 Long EC CORP IE N 1 N N N IMPERIAL OIL LTD 549300MO45LTBPAU4Z27 453038408 171000.00000000 NS 12352211.53000000 1.439234769503 Long EC CORP CA N 1 N N N INTERNATIONAL PAPER CO 824LMFJDH41EY779Q875 460146103 166900.00000000 NS USD 8904115.00000000 1.037475100595 Long EC CORP US N 1 N N N JABIL INC 5493000CGCQY2OQU7669 466313103 73900.00000000 NS USD 10055573.00000000 1.171638799557 Long EC CORP US N 1 N N N BATH and BODY WORKS INC GR3KVMWVCR54YWQNXU90 070830104 205700.00000000 NS USD 6236824.00000000 0.726692052696 Long EC CORP US N 1 N N N LPL FINANCIAL HOLDINGS INC 549300XROQ4Y8G2L7682 50212V100 35200.00000000 NS USD 11515328.00000000 1.341724143857 Long EC CORP US N 1 N N N LANTHEUS HOLDINGS INC 5299005HUB5IOJGO7S39 516544103 52000.00000000 NS USD 5075200.00000000 0.591343848382 Long EC CORP US N 1 N N N LITHIA MOTORS INC SE8N1EZEHPZQBCBVKD53 536797103 31200.00000000 NS USD 9158448.00000000 1.067109056890 Long EC CORP US N 1 N N N METHANEX CORP 549300TSJHRXT9QXRD13 59151K108 151300.00000000 NS USD 5309117.00000000 0.618599006599 Long EC CORP CA N 1 N N N MILLERKNOLL INC U98HXD3PNK7HYU2MU887 600544100 214100.00000000 NS USD 4097874.00000000 0.477469376841 Long EC CORP US N 1 N N N MOLINA HEALTHCARE INC 549300NQQCEQ46YHZ591 60855R100 48800.00000000 NS USD 16074232.00000000 1.872911059795 Long EC CORP US N 1 N N N ICON PLC 6354008SRQGEMC4XFI67 N/A 29600.00000000 NS USD 5179704.00000000 0.603520274440 Long EC CORP IE N 1 N N N CONSTELLIUM SE 724500KRJEMC79KAAU28 N/A 443400.00000000 NS USD 4473906.00000000 0.521283258067 Long EC CORP FR N 1 N N N NCR VOYIX CORP 549300YKTY8JX1DV2R67 62886E108 548700.00000000 NS USD 5349825.00000000 0.623342154727 Long EC CORP US N 1 N N EXPRO GROUP HOLDINGS NV 724500LJYA8QIT73H017 N/A 799100.00000000 NS USD 7943054.00000000 0.925495767707 Long EC CORP NL N 1 N N CNH INDUSTRIAL NV 549300WGC2HZ5J67V817 N/A 677600.00000000 NS USD 8320928.00000000 0.969524272074 Long EC CORP NL N 1 N N N NEXSTAR MEDIA GROUP INC 52990083ZRR5UT591988 65336K103 24900.00000000 NS USD 4462578.00000000 0.519963360700 Long EC CORP US N 1 N N N OLIN CORP 549300GKK294V7W57P06 680665205 166501.00000000 NS USD 4035984.24000000 0.470258207064 Long EC CORP US N 1 N N N ASGN INC LZBNYYCBUKY537072438 00191U102 58400.00000000 NS USD 3680368.00000000 0.428823095953 Long EC CORP US N 1 N N N ON SEMICONDUCTOR CORP ZV20P4CNJVT8V1ZGJ064 682189105 248900.00000000 NS USD 10127741.00000000 1.180047552483 Long EC CORP US N 1 N N N ONEMAIN HLDGS INC 549300E3VEW8SMS5XW09 68268W103 168700.00000000 NS USD 8246056.00000000 0.960800458901 Long EC CORP US N 1 N N N OSHKOSH CORP 549300FEKNPCFSA2B506 688239201 61000.00000000 NS USD 5738880.00000000 0.668673428555 Long EC CORP US N 1 N N N PG and E CORP 8YQ2GSDWYZXO2EDN3511 69331C108 703700.00000000 NS USD 12089566.00000000 1.408632267440 Long EC CORP US N 1 N N N PVH CORP 123WALMHY1GZXG2YDL90 693656100 100800.00000000 NS USD 6515712.00000000 0.759187068299 Long EC CORP US N 1 N N N PATRICK INDUSTRIES INC 549300FZ5ZTCCJ3Z5W14 703343103 8276.00000000 NS USD 699818.56000000 0.081540313768 Long EC CORP US N 1 N N N PENSKE AUTOMOTIVE GROUP INC 549300W7UTQ0M4C7LB15 70959W103 32500.00000000 NS USD 4679350.00000000 0.545220845864 Long EC CORP US N 1 N N N PHILLIPS 66 5493005JBO5YSIGK1814 718546104 53000.00000000 NS USD 6544440.00000000 0.762534350391 Long EC CORP US N 1 N N N POPULAR INC 5493008CARDZMVQ3LO89 733174700 68300.00000000 NS USD 6308871.00000000 0.735086707142 Long EC CORP PR N 1 N N N PROLOGIS INC 529900DFH19P073LZ636 74340W103 84547.00000000 NS USD 9451509.13000000 1.101255474061 Long EC CORP US N 1 N N N UBS GROUP AG 549300SZJ9VS8SGXAN81 N/A 153210.00000000 NS 4653275.35000000 0.542182722464 Long EC CORP CH N 1 N N N RAYMOND JAMES FINANCIAL INC. RGUZHJ05YTITL6D76949 754730109 53200.00000000 NS USD 7390012.00000000 0.861057324967 Long EC CORP US N 1 N N N REGAL REXNORD CORP QH78R09VCJGQKPBPYU33 758750103 63700.00000000 NS USD 7252245.00000000 0.845005215107 Long EC CORP US N 1 N N N REINSURANCE GROUP OF AMERICA INC LORM1GNEU1DKEW527V90 759351604 46005.00000000 NS USD 9058384.50000000 1.055450021744 Long EC CORP US N 1 N N N CELLNEX TELECOM SAU 5493008T4YG3AQUI7P67 N/A 286600.00000000 NS 10188275.58000000 1.187100821614 Long EC CORP ES N 2 N N N UPBOUND GROUP INC 529900QUHE15UQNCCJ63 76009N100 314400.00000000 NS USD 7533024.00000000 0.877720563153 Long EC CORP US N 1 N N N REXFORD INDL RLTY INC 549300MSLO0DF0EMX355 76169C100 118600.00000000 NS USD 4643190.00000000 0.541007614157 Long EC CORP US N 1 N N N RYDER SYSTEM INC ZXJ6Y2OSPZXIVGRILD15 783549108 40900.00000000 NS USD 5881829.00000000 0.685329326211 Long EC CORP US N 1 N N N SLM CORP 4K8SLPBF5DXXGPW03H93 78442P106 310700.00000000 NS USD 9125259.00000000 1.063241995300 Long EC CORP US N 1 N N N SEMPRA PBBKGKLRK5S5C0Y4T545 816851109 135100.00000000 NS USD 9640736.00000000 1.123303500843 Long EC CORP US N 1 N N N SUN COMMUNITIES INC 549300H5GEOJYN41ZG57 866674104 108100.00000000 NS USD 13905984.00000000 1.620274687520 Long EC CORP US N 1 N N N TARGA RES CORP 5493003QENHHS261UR94 87612G101 46800.00000000 NS USD 9381996.00000000 1.093156056933 Long EC CORP US N 1 N N N SOMNIGROUP INTERNATIONAL INC 549300HFEKVR3US71V91 88023U101 165300.00000000 NS USD 9898164.00000000 1.153298075284 Long EC CORP US N 1 N N TEREX CORP YAWJZJYEQ7M1SYMOS462 880779103 131800.00000000 NS USD 4979404.00000000 0.580182046818 Long EC CORP US N 1 N N N TIMKEN CO B0I35MLPFXZSE70ASS73 887389104 99300.00000000 NS USD 7136691.00000000 0.831541283231 Long EC CORP US N 1 N N N TFI INTERNATIONAL INC 5493007R9W7KO7SJN678 87241L109 47900.00000000 NS 3708709.22000000 0.432125311847 Long EC CORP CA N 1 N N N TRAVELERS COS INC 549300Y650407RU8B149 89417E109 34500.00000000 NS USD 9123870.00000000 1.063080154071 Long EC CORP US N 1 N N N VENTAS INC ORQTRC074CWLT3DKHT41 92276F100 236200.00000000 NS USD 16241112.00000000 1.892355310547 Long EC CORP US N 1 N N N WELLTOWER INC 254900F33BIAR82QTA19 95040Q104 82700.00000000 NS USD 12670467.00000000 1.476316739553 Long EC CORP US N 1 N N N WESCO INTERNATIONAL INC 529900TXOGREY3WNJ434 95082P105 57000.00000000 NS USD 8852100.00000000 1.031414501944 Long EC CORP US N 1 N N N WESTERN DIGITAL CORP 549300QQXOOYEF89IC56 958102105 75900.00000000 NS USD 3068637.00000000 0.357546424351 Long EC CORP US N 1 N N N WESTLAKE CORP GOXNEVUM0LL78B1OS344 960413102 61900.00000000 NS USD 6191857.00000000 0.721452661375 Long EC CORP US N 1 N N N WEX INC T9M5IGROL1TL1G5OV478 96208T104 67800.00000000 NS USD 10645956.00000000 1.240428079829 Long EC CORP US N 1 N N XPO INC 54930096DB9LCLPN7H13 983793100 47900.00000000 NS USD 5153082.00000000 0.600418375810 Long EC CORP US N 1 N N N GMS INC 52990057RENOQO4U0D72 36251C103 93600.00000000 NS USD 6848712.00000000 0.797987017367 Long EC CORP US N 1 N N N LAMB WESTON HOLDINGS INC 5493005SMYID1D2OY946 513272104 154100.00000000 NS USD 8213530.00000000 0.957010647660 Long EC CORP US N 1 N N N HILTON GRAND VACATIONS INC 549300O9K6MFD8D07574 43283X105 218300.00000000 NS USD 8166603.00000000 0.951542884267 Long EC CORP US N 1 N N TIDEWATER INC 2549000JA5GRUPLMUH98 88642R109 64200.00000000 NS USD 2713734.00000000 0.316194417372 Long EC CORP US N 1 N N N CORE NATURAL RESOURCES INC 549300YJCTPJBTK7IJ81 218937100 130347.00000000 NS USD 10049753.70000000 1.170960755882 Long EC CORP US N 1 N N N GATES INDUSTRIAL CORP PLC 549300S6K4FWUSB9KM27 N/A 520400.00000000 NS USD 9580564.00000000 1.116292478214 Long EC CORP GB N 1 N N N ADAPTHEALTH CORP N/A 00653Q102 508300.00000000 NS USD 5509972.00000000 0.642001900803 Long EC CORP US N 1 N N N PENNYMAC FINANCIAL SERVICES INC 549300W1D516HBDEU871 70932M107 55800.00000000 NS USD 5586138.00000000 0.650876486151 Long EC CORP US N 1 N N N O-I GLASS INC N/A 67098H104 493200.00000000 NS USD 5657004.00000000 0.659133534772 Long EC CORP US N 1 N N N ZOOMINFO TECHNOLOGIES INC 2549008GSAHW4UWFEM58 98980F104 860800.00000000 NS USD 8608000.00000000 1.002972857597 Long EC CORP US N 1 N N N ALBERTSONS COS INC 549300YKWOC0AOR16R51 013091103 299200.00000000 NS USD 6579408.00000000 0.766608694593 Long EC CORP US N 1 N N N DRIVEN BRANDS HOLDINGS INC N/A 26210V102 396200.00000000 NS USD 6790868.00000000 0.791247244833 Long EC CORP US N 1 N N N FIRST ADVANTAGE CORP 549300RNJ0PXU8FP7D06 31846B108 571926.00000000 NS USD 8058437.34000000 0.938939814900 Long EC CORP US N 1 N N GXO LOGISTICS INC 5493007CNWMXN78JRN66 36262G101 175000.00000000 NS USD 6839000.00000000 0.796855410444 Long EC CORP US N 1 N N N APOLLO GLOBAL MANAGEMENT, INC 254900LMFT1CY9IYB476 03769M106 78600.00000000 NS USD 10763484.00000000 1.254122015007 Long EC CORP US N 1 N N N CONSTELLATION ENERGY CORP N/A 21037T109 28633.00000000 NS USD 5773271.79000000 0.672680634863 Long EC CORP US N 1 N N N U-HAUL HOLDING CO 5493003WIDMLDHYC6Y24 023586506 134800.00000000 NS USD 7977464.00000000 0.929505095778 Long EC CORP US N 1 N N N FORTREA HOLDINGS INC 5493000FIVFABOVCDU97 34965K107 337700.00000000 NS USD 2549635.00000000 0.297074198626 Long EC CORP US N 1 N N VESTIS CORP 254900QDW0TA2TMFAP59 29430C102 561000.00000000 NS USD 5553900.00000000 0.647120231622 Long EC CORP US N 1 N N N NCR ATLEOS CORP N/A 63001N106 307900.00000000 NS USD 8122402.00000000 0.946392744481 Long EC CORP US N 1 N N N BUNGE GLOBAL SA 254900IVXSV9K0B7PO26 N/A 120900.00000000 NS USD 9239178.00000000 1.076515422921 Long EC CORP CH N 1 N N N CENTURI HOLDINGS INC N/A 155923105 261200.00000000 NS USD 4281068.00000000 0.498814475549 Long EC CORP US N 1 N N SMURFIT WESTROCK PLC 635400EGSEOPDW2EXS14 N/A 170800.00000000 NS USD 7696248.00000000 0.896738830080 Long EC CORP IE N 1 N N N APTIV PLC N/A N/A 141300.00000000 NS USD 8407350.00000000 0.979593849247 Long EC CORP JE N 1 N N N SANDISK CORP N/A 80004C200 78800.00000000 NS USD 3751668.00000000 0.437130712676 Long EC CORP US N 1 N N N 2025-04-30 Stacie M. Smith Stacie M. Smith Stacie M. Smith President and Treasurer XXXX