Consolidated Quarterly Holdings Report
for
Fidelity® Series Blue Chip Growth Fund
April 30, 2026
XS1-NPRT3-0626
1.967990.112
Common Stocks - 97.9%
 
 
Shares
Value ($)
 
BELGIUM - 0.1%
 
 
 
Health Care - 0.1%
 
 
 
Pharmaceuticals - 0.1%
 
 
 
UCB SA (b)
 
32,300
8,764,537
BURKINA FASO - 0.0%
 
 
 
Materials - 0.0%
 
 
 
Metals & Mining - 0.0%
 
 
 
IAMGOLD Corp (United States) (b)(e)
 
465,500
7,852,985
CANADA - 1.6%
 
 
 
Consumer Discretionary - 0.4%
 
 
 
Specialty Retail - 0.4%
 
 
 
Aritzia Inc Subordinate Voting Shares (b)
 
588,317
62,095,195
Energy - 0.1%
 
 
 
Oil, Gas & Consumable Fuels - 0.1%
 
 
 
Suncor Energy Inc
 
194,700
13,341,684
Industrials - 0.0%
 
 
 
Ground Transportation - 0.0%
 
 
 
Canadian Pacific Kansas City Ltd
 
41,700
3,626,780
Information Technology - 1.1%
 
 
 
Electronic Equipment, Instruments & Components - 0.9%
 
 
 
Celestica Inc (United States) (b)
 
358,900
147,001,851
IT Services - 0.2%
 
 
 
Shopify Inc Class A (b)
 
266,700
32,372,729
Software - 0.0%
 
 
 
Taalas Inc warrants (b)(c)(d)
 
95,390
133,546
TOTAL INFORMATION TECHNOLOGY
 
 
179,508,126
Materials - 0.0%
 
 
 
Metals & Mining - 0.0%
 
 
 
Agnico Eagle Mines Ltd/CA (United States)
 
33,000
6,210,930
TOTAL CANADA
 
 
264,782,715
CHILE - 0.0%
 
 
 
Materials - 0.0%
 
 
 
Metals & Mining - 0.0%
 
 
 
Antofagasta PLC
 
62,900
3,038,059
CHINA - 0.1%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Luckin Coffee Inc ADR (b)
 
92,600
3,241,000
Consumer Staples - 0.0%
 
 
 
Personal Care Products - 0.0%
 
 
 
Mao Geping Cosmetics Co LTD H Shares (e)
 
129,900
1,199,565
Financials - 0.0%
 
 
 
Financial Services - 0.0%
 
 
 
Ant International Co Ltd Class C (c)(d)
 
784,278
1,199,945
Information Technology - 0.1%
 
 
 
Semiconductors & Semiconductor Equipment - 0.0%
 
 
 
Montage Technology Co Ltd H Shares
 
16,700
561,544
Software - 0.1%
 
 
 
Pony AI Inc ADR (b)
 
330,300
3,260,061
TOTAL INFORMATION TECHNOLOGY
 
 
3,821,605
TOTAL CHINA
 
 
9,462,115
DENMARK - 0.2%
 
 
 
Health Care - 0.2%
 
 
 
Biotechnology - 0.2%
 
 
 
Ascendis Pharma A/S ADR (b)
 
129,996
29,818,482
FINLAND - 0.2%
 
 
 
Consumer Discretionary - 0.2%
 
 
 
Textiles, Apparel & Luxury Goods - 0.2%
 
 
 
Amer Sports Inc (b)
 
818,400
28,701,288
Information Technology - 0.0%
 
 
 
Communications Equipment - 0.0%
 
 
 
Nokia Oyj ADR
 
486,300
6,278,133
TOTAL FINLAND
 
 
34,979,421
GERMANY - 0.0%
 
 
 
Financials - 0.0%
 
 
 
Financial Services - 0.0%
 
 
 
Trade Republic Bank GmbH (c)(d)(f)
 
114
3,119,977
INDIA - 0.4%
 
 
 
Communication Services - 0.0%
 
 
 
Wireless Telecommunication Services - 0.0%
 
 
 
Bharti Airtel Ltd
 
315,200
6,301,074
Consumer Discretionary - 0.1%
 
 
 
Broadline Retail - 0.0%
 
 
 
Meesho (g)
 
2,608,458
5,350,349
Specialty Retail - 0.1%
 
 
 
Lenskart Solutions Ltd (g)
 
1,798,006
9,852,520
TOTAL CONSUMER DISCRETIONARY
 
 
15,202,869
Consumer Staples - 0.0%
 
 
 
Food Products - 0.0%
 
 
 
Patanjali Foods Ltd
 
546,600
2,658,153
Financials - 0.1%
 
 
 
Capital Markets - 0.1%
 
 
 
Authum Investment & Infrastucture Ltd
 
4,347,350
21,764,496
Health Care - 0.1%
 
 
 
Health Care Providers & Services - 0.0%
 
 
 
Max Healthcare Institute Ltd
 
232,500
2,446,351
Life Sciences Tools & Services - 0.1%
 
 
 
Onesource Specialty Pharma Ltd (b)
 
373,400
6,862,110
TOTAL HEALTH CARE
 
 
9,308,461
Materials - 0.1%
 
 
 
Metals & Mining - 0.1%
 
 
 
Welspun Corp Ltd
 
839,100
11,261,212
TOTAL INDIA
 
 
66,496,265
ISRAEL - 0.0%
 
 
 
Information Technology - 0.0%
 
 
 
Semiconductors & Semiconductor Equipment - 0.0%
 
 
 
Xsight Labs Ltd warrants 7/24/2032 (b)(c)(d)
 
84,101
581,979
ITALY - 0.0%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Lottomatica Group Spa
 
276,800
8,147,647
JAPAN - 0.2%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Automobile Components - 0.0%
 
 
 
Niterra Co Ltd
 
31,900
1,724,371
Household Durables - 0.0%
 
 
 
Panasonic Holdings Corp
 
201,500
4,121,846
TOTAL CONSUMER DISCRETIONARY
 
 
5,846,217
Health Care - 0.0%
 
 
 
Health Care Equipment & Supplies - 0.0%
 
 
 
Hoya Corp
 
26,700
4,986,060
Industrials - 0.0%
 
 
 
Electrical Equipment - 0.0%
 
 
 
Furukawa Electric Co Ltd
 
5,700
1,548,045
Information Technology - 0.2%
 
 
 
Semiconductors & Semiconductor Equipment - 0.2%
 
 
 
Kioxia Holdings Corp (b)
 
84,500
20,445,507
Materials - 0.0%
 
 
 
Chemicals - 0.0%
 
 
 
Shin-Etsu Chemical Co Ltd
 
82,300
3,789,273
TOTAL JAPAN
 
 
36,615,102
KOREA (SOUTH) - 0.1%
 
 
 
Consumer Staples - 0.0%
 
 
 
Personal Care Products - 0.0%
 
 
 
APR Corp/Korea
 
7,790
2,251,209
Information Technology - 0.1%
 
 
 
Semiconductors & Semiconductor Equipment - 0.1%
 
 
 
SK Hynix Inc
 
20,990
18,838,378
TOTAL KOREA (SOUTH)
 
 
21,089,587
NETHERLANDS - 0.4%
 
 
 
Health Care - 0.0%
 
 
 
Biotechnology - 0.0%
 
 
 
Argenx SE ADR (b)
 
4,800
3,752,256
Information Technology - 0.4%
 
 
 
Semiconductors & Semiconductor Equipment - 0.4%
 
 
 
ASML Holding NV depository receipt
 
11,200
16,116,688
BE Semiconductor Industries NV
 
17,800
5,164,247
NXP Semiconductors NV
 
114,335
33,567,613
TOTAL INFORMATION TECHNOLOGY
 
 
54,848,548
TOTAL NETHERLANDS
 
 
58,600,804
TAIWAN - 1.2%
 
 
 
Industrials - 0.0%
 
 
 
Electrical Equipment - 0.0%
 
 
 
Bizlink Holding Inc
 
43,000
3,873,392
Information Technology - 1.2%
 
 
 
Electronic Equipment, Instruments & Components - 0.1%
 
 
 
Delta Electronics Inc
 
152,000
10,692,988
Semiconductors & Semiconductor Equipment - 1.1%
 
 
 
Taiwan Semiconductor Manufacturing Co Ltd ADR
 
451,700
178,900,302
TOTAL INFORMATION TECHNOLOGY
 
 
189,593,290
TOTAL TAIWAN
 
 
193,466,682
UNITED KINGDOM - 0.1%
 
 
 
Consumer Staples - 0.1%
 
 
 
Tobacco - 0.1%
 
 
 
British American Tobacco PLC ADR
 
189,900
11,166,120
Financials - 0.0%
 
 
 
Financial Services - 0.0%
 
 
 
Revolut Group Holdings Ltd (b)(c)(d)
 
3,622
5,418,403
TOTAL UNITED KINGDOM
 
 
16,584,523
UNITED STATES - 93.3%
 
 
 
Communication Services - 15.0%
 
 
 
Entertainment - 2.3%
 
 
 
Netflix Inc (b)
 
3,680,640
344,544,710
ROBLOX Corp Class A (b)
 
351,500
19,423,890
Sphere Entertainment Co Class A (b)(e)
 
26,000
3,703,700
 
 
 
367,672,300
Interactive Media & Services - 12.7%
 
 
 
Alphabet Inc Class A
 
3,720,960
1,431,825,409
Epic Games Inc (b)(c)(d)
 
1,076
504,063
Meta Platforms Inc Class A
 
991,210
606,531,311
Snap Inc Class A (b)(e)
 
4,898,259
29,732,432
 
 
 
2,068,593,215
TOTAL COMMUNICATION SERVICES
 
 
2,436,265,515
Consumer Discretionary - 15.1%
 
 
 
Automobiles - 1.4%
 
 
 
General Motors Co
 
22,700
1,745,403
Neutron Holdings Inc (b)(c)(d)
 
691,699
70,692
Rad Power Bikes Inc (b)(c)(d)
 
110,210
1
Rad Power Bikes Inc warrants 10/6/2033 (b)(c)(d)
 
74,246
1
Rivian Automotive Inc Class A (b)(e)
 
381,600
6,258,240
Tesla Inc (b)
 
588,205
224,476,674
 
 
 
232,551,011
Broadline Retail - 8.2%
 
 
 
Amazon.com Inc (b)
 
5,026,800
1,332,403,608
Diversified Consumer Services - 0.0%
 
 
 
Phoenix Education Partners Inc
 
3,355
94,007
Hotels, Restaurants & Leisure - 2.1%
 
 
 
Brinker International Inc (b)
 
282,500
43,007,800
Carnival Corp
 
133,800
3,547,038
Cava Group Inc (b)(e)
 
79,200
7,398,072
Cheesecake Factory Inc/The
 
54,000
3,394,980
Chipotle Mexican Grill Inc (b)
 
1,205,700
40,981,743
DoorDash Inc Class A (b)
 
205,000
34,573,250
Dutch Bros Inc Class A (b)(e)
 
143,200
8,235,432
Hilton Worldwide Holdings Inc
 
93,000
30,138,510
Marriott International Inc/MD Class A1
 
68,900
24,920,441
Starbucks Corp
 
850,600
89,593,698
Sweetgreen Inc Class A (b)(e)
 
323,300
2,224,304
Texas Roadhouse Inc
 
58,500
9,417,915
Viking Holdings Ltd (b)
 
25,000
2,047,750
Wingstop Inc (e)
 
68,400
11,221,704
Wynn Resorts Ltd
 
292,830
31,365,021
 
 
 
342,067,658
Household Durables - 0.7%
 
 
 
Garmin Ltd
 
6,400
1,607,296
SharkNinja Inc (b)(e)
 
991,690
114,569,946
 
 
 
116,177,242
Specialty Retail - 2.3%
 
 
 
AutoZone Inc (b)
 
2,200
8,148,866
Bath & Body Works Inc
 
363,700
7,070,328
Bob's Discount Furniture Inc
 
51,200
549,888
Carvana Co Class A (b)
 
188,200
74,489,560
Fanatics Inc Class A (b)(c)(d)
 
159,285
13,910,359
Five Below Inc (b)
 
32,684
7,702,311
Floor & Decor Holdings Inc Class A (b)
 
172,800
8,363,520
Home Depot Inc/The
 
54,400
17,886,720
Lowe's Cos Inc
 
288,406
68,868,469
RealReal Inc/The (b)
 
213,600
2,539,704
RH (b)(e)
 
200,397
26,444,388
Ross Stores Inc
 
21,600
4,920,264
TJX Cos Inc/The
 
340,200
53,326,350
Urban Outfitters Inc (b)
 
94,312
6,633,906
Victoria's Secret & Co (b)(e)
 
537,518
27,859,558
Warby Parker Inc Class A (b)
 
795,736
17,601,680
Wayfair Inc Class A (b)
 
358,520
22,920,184
 
 
 
369,236,055
Textiles, Apparel & Luxury Goods - 0.4%
 
 
 
Capri Holdings Ltd (b)
 
602,400
11,752,824
Kontoor Brands Inc
 
62,472
4,582,946
Lululemon Athletica Inc (b)
 
38,574
5,311,640
NIKE Inc Class B
 
398,013
17,655,857
PVH Corp
 
142,400
13,021,056
Ralph Lauren Corp Class A
 
11,500
4,124,360
Tapestry Inc
 
60,900
8,832,936
Tory Burch LLC Class A (b)(c)(d)(f)
 
106,817
3,860,366
 
 
 
69,141,985
TOTAL CONSUMER DISCRETIONARY
 
 
2,461,671,566
Consumer Staples - 0.9%
 
 
 
Beverages - 0.1%
 
 
 
Celsius Holdings Inc (b)(e)
 
286,000
9,601,020
PepsiCo Inc
 
50,200
7,956,198
 
 
 
17,557,218
Consumer Staples Distribution & Retail - 0.6%
 
 
 
BJ's Wholesale Club Holdings Inc (b)
 
64,000
6,008,960
Chobani Inc Class A (c)(d)(f)
 
617
2,654,605
Costco Wholesale Corp
 
12,100
12,275,813
Kroger Co/The
 
49,600
3,376,272
Sprouts Farmers Market Inc (b)
 
123,100
10,075,735
Target Corp
 
488,200
63,343,951
 
 
 
97,735,336
Household Products - 0.1%
 
 
 
Kimberly-Clark Corp
 
96,800
9,528,024
Procter & Gamble Co/The
 
28,100
4,133,229
 
 
 
13,661,253
Personal Care Products - 0.0%
 
 
 
Herbalife Ltd (b)
 
476,200
7,904,920
Tobacco - 0.1%
 
 
 
JUUL Labs Inc Class A (b)(c)(d)
 
8,303,657
15,859,985
JUUL Labs Inc Class B (b)(c)(d)
 
2,450
4,679
 
 
 
15,864,664
TOTAL CONSUMER STAPLES
 
 
152,723,391
Energy - 0.2%
 
 
 
Energy Equipment & Services - 0.0%
 
 
 
WaterBridge Infrastructure LLC Class A
 
73,500
2,215,290
Oil, Gas & Consumable Fuels - 0.2%
 
 
 
Chevron Corp
 
51,500
9,955,465
Diamondback Energy Inc
 
13,000
2,673,190
EOG Resources Inc
 
17,600
2,474,032
Exxon Mobil Corp
 
112,500
17,362,125
 
 
 
32,464,812
TOTAL ENERGY
 
 
34,680,102
Financials - 1.7%
 
 
 
Capital Markets - 0.4%
 
 
 
Coinbase Global Inc Class A (b)
 
45,100
8,468,427
Goldman Sachs Group Inc/The
 
31,400
29,006,378
Morgan Stanley
 
54,400
10,368,096
Robinhood Markets Inc Class A (b)
 
341,000
24,855,490
 
 
 
72,698,391
Consumer Finance - 0.1%
 
 
 
Dave Inc Class A (b)(e)
 
18,500
5,031,815
Figure Technology Solutions Inc Class A (e)
 
275,000
9,652,500
 
 
 
14,684,315
Financial Services - 1.2%
 
 
 
Affirm Holdings Inc Class A (b)
 
441,900
28,405,332
Mastercard Inc Class A
 
236,600
118,990,872
PayPal Holdings Inc
 
82,900
4,156,606
Remitly Global Inc (b)
 
127,600
2,793,164
Rocket Cos Inc Class A (b)
 
309,103
4,519,086
Stripe Global Holdings Inc (d)
 
19,900
1,253,700
Visa Inc Class A
 
93,400
30,807,056
 
 
 
190,925,816
TOTAL FINANCIALS
 
 
278,308,522
Health Care - 4.4%
 
 
 
Biotechnology - 1.5%
 
 
 
AbbVie Inc
 
277,500
58,641,300
Alnylam Pharmaceuticals Inc (b)
 
94,581
29,271,874
Apogee Therapeutics Inc (b)
 
113,014
9,367,730
Avalyn Pharma Inc
 
52,200
939,600
Caris Life Sciences Inc (b)
 
23,600
448,400
Cibus Inc Class A (b)(e)
 
133,771
187,279
Gilead Sciences Inc
 
795,500
104,083,221
Janux Therapeutics Inc (b)
 
40,100
576,237
Kailera Therapeutics Inc (e)
 
109,300
2,732,500
Legend Biotech Corp ADR (b)
 
85,600
2,013,312
Moderna Inc (b)
 
99,400
4,566,436
Oruka Therapeutics Inc (b)
 
24,000
1,641,840
Praxis Precision Medicines Inc (b)
 
11,000
3,507,130
Regeneron Pharmaceuticals Inc
 
6,300
4,454,478
Roivant Sciences Ltd (b)
 
152,600
4,353,678
Scholar Rock Holding Corp (b)
 
71,500
3,332,615
Travere Therapeutics Inc (b)
 
155,600
6,553,872
Vaxcyte Inc (b)
 
27,900
1,596,996
 
 
 
238,268,498
Health Care Equipment & Supplies - 0.0%
 
 
 
Blink Health LLC Class A1 (b)(c)(d)
 
8,180
285,891
Kestra Medical Technologies Ltd (b)
 
74,500
1,543,640
Medline Inc Class A
 
205,900
9,156,373
 
 
 
10,985,904
Health Care Providers & Services - 0.5%
 
 
 
Cardinal Health Inc
 
142,100
27,408,248
Cencora Inc
 
39,900
12,289,599
Guardant Health Inc (b)
 
86,600
7,541,128
McKesson Corp
 
31,600
25,760,320
UnitedHealth Group Inc
 
15,300
5,668,344
 
 
 
78,667,639
Health Care Technology - 0.0%
 
 
 
Claritev Corp warrants (b)(d)
 
24,206
0
HeartFlow Inc (b)
 
51,701
1,538,622
 
 
 
1,538,622
Pharmaceuticals - 2.4%
 
 
 
Crinetics Pharmaceuticals Inc (b)
 
64,800
2,512,944
Elanco Animal Health Inc (b)
 
126,500
2,829,805
Eli Lilly & Co
 
375,079
350,548,834
Jazz Pharmaceuticals PLC (b)
 
24,900
5,055,198
Johnson & Johnson
 
119,000
27,352,150
Roche Holding AG
 
11,250
4,584,373
Viatris Inc
 
353,100
5,275,314
 
 
 
398,158,618
TOTAL HEALTH CARE
 
 
727,619,281
Industrials - 8.2%
 
 
 
Aerospace & Defense - 5.3%
 
 
 
Anduril Industries Inc Class B (c)(d)
 
4,398
303,242
Anduril Industries Inc Class C (c)(d)
 
2
138
Arxis Inc Class A
 
48,300
1,690,500
ATI Inc (b)
 
40,300
6,265,038
Axon Enterprise Inc (b)
 
31,700
12,735,792
Beta Technologies Inc (g)
 
108,621
1,730,333
Beta Technologies Inc Class A (b)(e)
 
72,200
1,150,146
Boeing Co (b)
 
411,780
94,309,973
Carpenter Technology Corp
 
67,072
28,720,230
FTAI Aviation Ltd
 
275,500
68,784,085
GE Aerospace
 
188,800
54,738,784
Howmet Aerospace Inc
 
191,600
46,566,464
Karman Holdings Inc (b)
 
32,000
2,175,360
Space Exploration Technologies Corp (b)(c)(d)
 
1,021,599
537,963,818
Space Exploration Technologies Corp Class C (b)(c)(d)
 
6,860
3,612,407
Woodward Inc
 
8,400
3,049,116
 
 
 
863,795,426
Air Freight & Logistics - 0.0%
 
 
 
FedEx Corp
 
8,400
3,387,804
Building Products - 0.0%
 
 
 
Madison Air Solutions Corp Class A
 
154,700
5,906,446
Construction & Engineering - 0.4%
 
 
 
Comfort Systems USA Inc
 
23,200
42,693,800
Construction Partners Inc Class A (b)
 
21,700
2,683,422
IES Holdings Inc (b)
 
14,500
9,339,160
Sterling Infrastructure Inc (b)
 
5,800
2,990,596
 
 
 
57,706,978
Electrical Equipment - 1.3%
 
 
 
Bloom Energy Corp Class A (b)
 
32,300
9,152,528
Eaton Corp PLC
 
8,200
3,550,682
Forgent Power Solutions Inc Class A
 
80,000
3,009,600
GE Vernova Inc
 
155,200
168,152,992
Nextpower Inc Class A (b)
 
145,000
17,273,850
Regal Rexnord Corp
 
34,700
7,461,541
 
 
 
208,601,193
Ground Transportation - 0.3%
 
 
 
Lyft Inc Class A (b)
 
418,089
5,915,959
Old Dominion Freight Line Inc
 
68,700
14,593,941
Uber Technologies Inc (b)
 
371,100
27,687,771
XPO Inc (b)
 
41,800
9,201,434
 
 
 
57,399,105
Machinery - 0.4%
 
 
 
Caterpillar Inc
 
18,700
16,645,057
Cummins Inc
 
33,900
22,747,239
PACCAR Inc
 
84,100
9,991,080
RBC Bearings Inc (b)
 
13,200
7,907,988
Terex Corp
 
70,300
4,372,660
 
 
 
61,664,024
Passenger Airlines - 0.5%
 
 
 
Delta Air Lines Inc
 
643,700
43,765,163
United Airlines Holdings Inc (b)
 
388,000
34,920,000
 
 
 
78,685,163
Trading Companies & Distributors - 0.0%
 
 
 
Ferguson Enterprises Inc
 
34,000
9,102,140
TOTAL INDUSTRIALS
 
 
1,346,248,279
Information Technology - 46.9%
 
 
 
Communications Equipment - 0.8%
 
 
 
Arista Networks Inc (b)
 
70,300
12,141,513
Ciena Corp (b)
 
8,900
4,695,462
Lumentum Holdings Inc (b)
 
132,400
119,467,168
 
 
 
136,304,143
Electronic Equipment, Instruments & Components - 1.2%
 
 
 
Amphenol Corp Class A
 
354,100
52,148,307
Coherent Corp (b)
 
189,200
60,489,132
Corning Inc
 
181,700
29,842,408
Jabil Inc
 
72,200
24,366,778
Keysight Technologies Inc (b)
 
19,700
6,893,227
Sanmina Corp (b)
 
25,800
5,619,756
TD SYNNEX Corp
 
52,800
12,047,904
TTM Technologies Inc (b)
 
34,900
5,521,878
 
 
 
196,929,390
IT Services - 0.6%
 
 
 
Akamai Technologies Inc (b)
 
41,500
4,273,670
Cloudflare Inc Class A (b)
 
184,700
37,857,959
Fastly Inc Class A (b)
 
163,900
4,139,294
Okta Inc Class A (b)
 
86,700
6,385,455
Twilio Inc Class A (b)
 
333,200
49,333,592
 
 
 
101,989,970
Semiconductors & Semiconductor Equipment - 24.2%
 
 
 
Advanced Micro Devices Inc (b)
 
160,400
56,860,196
Applied Materials Inc
 
4,000
1,577,960
Astera Labs Inc (b)
 
408,200
79,492,868
Broadcom Inc
 
1,489,500
621,761,985
GlobalFoundries Inc (b)
 
382,742
24,725,133
Intel Corp (b)
 
45,500
4,298,840
KLA Corp
 
5,800
10,152,030
Lam Research Corp
 
111,000
28,622,460
MACOM Technology Solutions Holdings Inc (b)
 
82,300
23,176,503
Marvell Technology Inc
 
2,139,811
353,389,787
Micron Technology Inc
 
264,000
136,530,240
Monolithic Power Systems Inc
 
105,200
169,835,932
NVIDIA Corp
 
12,223,560
2,439,455,869
Teradyne Inc
 
18,800
6,457,236
 
 
 
3,956,337,039
Software - 8.2%
 
 
 
Applied Intuition Inc Class A (b)(c)(d)
 
5,601
530,639
AppLovin Corp Class A (b)
 
434,280
193,840,878
Atom Tickets LLC (b)(c)(d)(f)
 
344,068
3
Aurora Innovation Inc Class A (b)(e)
 
456,500
2,684,220
Canva Inc Class A (b)(c)(d)
 
4,700
5,793,972
Celestial AI Inc (c)(d)
 
225,367
6,761
Celestial AI Inc (Milestone 1) rights (b)(c)(d)
 
225,367
1,284,592
Celestial AI Inc (Milestone 2) rights (b)(c)(d)
 
225,367
982,600
Celestial AI Inc (Milestone 3) rights (b)(c)(d)
 
225,367
288,470
Celestial AI Inc escrow shares (c)(d)
 
225,367
2
Circle Internet Group Inc Class A (b)
 
26,400
2,399,232
Crowdstrike Holdings Inc Class A (b)
 
41,200
18,364,900
Intuit Inc
 
13,700
5,322,450
Microsoft Corp
 
2,194,400
894,832,433
OpenAI Group Pbc Class A (c)(d)
 
9,700
6,670,593
Oracle Corp
 
687,900
111,020,181
Palantir Technologies Inc Class A (b)
 
374,700
52,124,517
Palo Alto Networks Inc (b)
 
39,400
7,065,208
Salesforce Inc (e)
 
82,510
14,565,490
Strategy Inc Class A (b)(e)
 
38,800
6,419,460
Tanium Inc Class B (b)(c)(d)
 
151,000
1,028,310
Terawulf Inc (b)(e)
 
291,274
6,329,384
Via Transportation Inc Class A (b)
 
149,800
2,278,458
Zoom Communications Inc Class A (b)
 
44,500
4,323,175
 
 
 
1,338,155,928
Technology Hardware, Storage & Peripherals - 11.9%
 
 
 
Apple Inc
 
5,797,836
1,573,242,799
Dell Technologies Inc Class C
 
42,600
8,901,270
Sandisk Corp/DE (b)
 
109,600
120,177,496
Seagate Technology Holdings PLC
 
77,000
51,870,280
Western Digital Corp
 
429,800
186,756,696
 
 
 
1,940,948,541
TOTAL INFORMATION TECHNOLOGY
 
 
7,670,665,011
Materials - 0.1%
 
 
 
Chemicals - 0.0%
 
 
 
Solstice Advanced Materials Inc
 
36,500
2,991,174
Construction Materials - 0.0%
 
 
 
James Hardie Industries PLC (b)
 
251,200
5,272,688
Metals & Mining - 0.1%
 
 
 
Alcoa Corp
 
46,500
2,966,235
Century Aluminum Co (b)
 
113,600
6,752,384
Newmont Corp
 
21,600
2,399,544
Steel Dynamics Inc
 
10,100
2,309,466
 
 
 
14,427,629
TOTAL MATERIALS
 
 
22,691,491
Real Estate - 0.5%
 
 
 
Health Care REITs - 0.5%
 
 
 
Welltower Inc
 
380,884
82,781,329
Real Estate Management & Development - 0.0%
 
 
 
Compass Inc Class A (b)
 
651,400
4,931,098
TOTAL REAL ESTATE
 
 
87,712,427
Utilities - 0.3%
 
 
 
Electric Utilities - 0.3%
 
 
 
Constellation Energy Corp
 
19,200
6,009,600
Entergy Corp
 
91,900
10,835,929
NRG Energy Inc
 
138,900
21,610,062
 
 
 
38,455,591
Independent Power and Renewable Electricity Producers - 0.0%
 
 
 
Vistra Corp
 
51,700
8,160,328
TOTAL UTILITIES
 
 
46,615,919
TOTAL UNITED STATES
 
 
15,265,201,504
ZAMBIA - 0.0%
 
 
 
Materials - 0.0%
 
 
 
Metals & Mining - 0.0%
 
 
 
First Quantum Minerals Ltd (b)
 
218,200
5,342,756
 
TOTAL COMMON STOCKS
 (Cost $5,741,802,546)
 
 
 
16,033,945,140
 
 
 
 
Convertible Corporate Bonds - 0.0%
 
 
Principal
Amount (a)
 
Value ($)
 
UNITED STATES - 0.0%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Automobiles - 0.0%
 
 
 
Neutron Holdings Inc 4% 5/22/2027 (c)(d)
 
433,800
2,098,681
Neutron Holdings Inc 4% 6/12/2027 (c)(d)
 
115,200
557,326
TOTAL CONSUMER DISCRETIONARY
 
 
2,656,007
Financials - 0.0%
 
 
 
Financial Services - 0.0%
 
 
 
Tenstorrent Holdings Inc 15% 12/31/2026 (c)(d)
 
500,700
505,056
Information Technology - 0.0%
 
 
 
Electronic Equipment, Instruments & Components - 0.0%
 
 
 
Enevate Corp 10% 5/12/2199 (c)(d)
 
22,391
0
TOTAL UNITED STATES
 
 
3,161,063
 
TOTAL CONVERTIBLE CORPORATE BONDS
 (Cost $1,072,091)
 
 
 
3,161,063
 
 
 
 
Convertible Preferred Stocks - 1.6%
 
 
Shares
Value ($)
 
CANADA - 0.0%
 
 
 
Information Technology - 0.0%
 
 
 
Software - 0.0%
 
 
 
Taalas Inc Series B (b)(c)(d)
 
26,500
2,039,440
CHINA - 0.1%
 
 
 
Communication Services - 0.1%
 
 
 
Interactive Media & Services - 0.1%
 
 
 
Bytedance Ltd Series E1 (b)(c)(d)
 
37,119
11,191,379
ESTONIA - 0.0%
 
 
 
Information Technology - 0.0%
 
 
 
Software - 0.0%
 
 
 
Bolt Technology OU Series E (b)(c)(d)
 
18,160
3,769,503
INDIA - 0.0%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Specialty Retail - 0.0%
 
 
 
Valuedrive Technologies Pvt Ltd Series A (c)(d)
 
278
372,548
Valuedrive Technologies Pvt Ltd Series B (c)(d)
 
558
747,776
Valuedrive Technologies Pvt Ltd Series C (c)(d)
 
2
2,680
Valuedrive Technologies Pvt Ltd Series C1 (c)(d)
 
2
2,680
Valuedrive Technologies Pvt Ltd Series G (c)(d)
 
3,576,400
1,331,306
Valuedrive Technologies Pvt Ltd Series S2 (c)(d)
 
135
180,914
 
 
 
 
TOTAL INDIA
 
 
2,637,904
ISRAEL - 0.1%
 
 
 
Industrials - 0.1%
 
 
 
Electrical Equipment - 0.1%
 
 
 
Element Labs Inc Series A (b)(c)(d)
 
150,300
3,524,535
Element Labs Inc Series B (c)(d)
 
119,900
2,893,187
TOTAL INDUSTRIALS
 
 
6,417,722
Information Technology - 0.0%
 
 
 
Semiconductors & Semiconductor Equipment - 0.0%
 
 
 
Xsight Labs Ltd Series D (b)(c)(d)
 
140,500
1,593,270
Xsight Labs Ltd Series F (c)(d)
 
280,336
2,576,288
TOTAL INFORMATION TECHNOLOGY
 
 
4,169,558
TOTAL ISRAEL
 
 
10,587,280
UNITED KINGDOM - 0.0%
 
 
 
Information Technology - 0.0%
 
 
 
Software - 0.0%
 
 
 
NScale Global Holdings Ltd Series B (c)(d)
 
1,000
1,223,529
UNITED STATES - 1.4%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Automobiles - 0.0%
 
 
 
Neutron Holdings Inc Series 1C (b)(c)(d)
 
12,405,800
1,267,872
Rad Power Bikes Inc Series A (b)(c)(d)
 
14,368
0
Rad Power Bikes Inc Series C (b)(c)(d)
 
56,537
0
Waymo LLC Series A2 (b)(c)(d)
 
15,200
2,564,696
Waymo LLC Series C2 (b)(c)(d)
 
25,928
4,260,489
TOTAL CONSUMER DISCRETIONARY
 
 
8,093,057
Consumer Staples - 0.0%
 
 
 
Consumer Staples Distribution & Retail - 0.0%
 
 
 
GoBrands Inc Series G (b)(c)(d)
 
19,600
873,572
Food Products - 0.0%
 
 
 
AgBiome LLC Series C (b)(c)(d)
 
266,499
3
Tobacco - 0.0%
 
 
 
JUUL Labs Inc Series C (b)(c)(d)
 
660,029
1,260,655
JUUL Labs Inc Series D (b)(c)(d)
 
5,110
9,760
 
 
 
1,270,415
TOTAL CONSUMER STAPLES
 
 
2,143,990
Financials - 0.1%
 
 
 
Financial Services - 0.1%
 
 
 
Akeana Series C (b)(c)(d)
 
65,000
862,550
Stripe Global Holdings Inc Series H (c)(d)
 
8,700
548,100
Stripe Global Holdings Inc Series I (c)(d)
 
135,124
8,512,812
Tenstorrent Holdings Inc Series D1 (b)(c)(d)
 
18,067
1,271,375
TOTAL FINANCIALS
 
 
11,194,837
Health Care - 0.1%
 
 
 
Biotechnology - 0.0%
 
 
 
Castle Creek Biosciences Inc Series B (b)(c)(d)
 
1,069
231,802
Castle Creek Biosciences Inc Series D2 (b)(c)(d)
 
642
128,477
Neurona Therapeutics Inc Series F (b)(c)(d)
 
328,100
961,333
 
 
 
1,321,612
Health Care Equipment & Supplies - 0.0%
 
 
 
Blink Health LLC Series C (b)(c)(d)
 
27,197
950,535
Blink Health LLC Series D (b)(c)(d)
 
5,797
202,605
 
 
 
1,153,140
Health Care Technology - 0.1%
 
 
 
Oura Inc Series D (c)(d)
 
156,533
9,240,143
Oura Inc Series E (c)(d)
 
193,277
11,409,142
 
 
 
20,649,285
TOTAL HEALTH CARE
 
 
23,124,037
Industrials - 0.1%
 
 
 
Aerospace & Defense - 0.1%
 
 
 
Anduril Industries Inc Series F (b)(c)(d)
 
87,397
6,026,023
Anduril Industries Inc Series G (b)(c)(d)
 
41,100
2,833,845
 
 
 
8,859,868
Air Freight & Logistics - 0.0%
 
 
 
Zipline International Inc Series G (b)(c)(d)
 
46,703
2,627,511
Zipline International Inc Series H (c)(d)
 
45,100
2,537,326
 
 
 
5,164,837
Electrical Equipment - 0.0%
 
 
 
Empower Semiconductor Inc Series D (c)(d)
 
224,700
1,487,514
TOTAL INDUSTRIALS
 
 
15,512,219
Information Technology - 1.1%
 
 
 
Electronic Equipment, Instruments & Components - 0.1%
 
 
 
Cerebras Systems Inc Series G (c)(d)
 
191,700
19,219,843
Enevate Corp Series E (b)(c)(d)
 
1,441,706
14
Frore Systems Inc Series C (b)(c)(d)
 
63,198
1,818,838
 
 
 
21,038,695
Semiconductors & Semiconductor Equipment - 0.0%
 
 
 
Alif Semiconductor Series D (b)(c)(d)
 
37,600
1,223,128
Danger Devices Inc Series B (b)(c)(d)
 
719,800
647,819
Retym Inc Series C (b)(c)(d)
 
168,905
1,814,040
Retym Inc Series D (b)(c)(d)
 
30,943
349,656
 
 
 
4,034,643
Software - 0.9%
 
 
 
Anthropic PBC Series D (b)(c)(d)
 
67,650
23,868,950
Anthropic PBC Series E (b)(c)(d)
 
6,400
2,135,040
Anthropic PBC Series F (c)(d)
 
50,300
16,780,080
Anthropic PBC Series G (c)(d)
 
45,600
15,212,160
Applied Intuition Inc Series A2 (b)(c)(d)
 
7,292
690,844
Applied Intuition Inc Series B2 (b)(c)(d)
 
3,516
333,106
Crusoe Energy Systems LLC Series D (b)(c)(d)
 
52,338
6,044,516
Crusoe Energy Systems LLC Series E (c)(d)
 
30,554
3,528,681
Databricks Inc Series G (b)(c)(d)
 
51,900
9,098,071
Databricks Inc Series I (b)(c)(d)
 
1,191
208,782
Databricks Inc Series J (b)(c)(d)
 
32,584
5,711,975
Databricks Inc Series K (c)(d)
 
10,100
1,770,530
Databricks Inc Series L (c)(d)
 
40,900
7,169,770
Dataminr Inc Series D, 8% (b)(c)(d)
 
115,901
669,908
Density Ai Inc (c)(d)
 
436,000
649,639
Lyte Ai Inc Series B (b)(c)(d)
 
117,675
1,330,904
MOLOCO Inc Series A (b)(c)(d)
 
19,537
1,378,531
Nuro Inc/DE Series E (b)(c)(d)
 
75,109
859,998
OpenAI Group Pbc Series A-2 (c)(d)
 
26,645
18,323,500
OpenAI Group Pbc Series A-3 (c)(d)
 
7,886
5,423,123
Physical Intelligence Inc Series B (c)(d)
 
3,700
1,576,866
Runway AI Inc Series D (b)(c)(d)
 
91,910
1,344,644
Runway AI Inc Series E (c)(d)
 
5,937
86,858
Skyryse Inc Series C (c)(d)
 
48,000
1,160,640
World Labs Technologies Inc Series C (c)(d)
 
14,500
4,571,995
 
 
 
129,929,111
Technology Hardware, Storage & Peripherals - 0.1%
 
 
 
Lightmatter Inc Series C1 (b)(c)(d)
 
77,697
4,963,284
Lightmatter Inc Series C2 (b)(c)(d)
 
12,204
796,067
Lightmatter Inc Series D (b)(c)(d)
 
62,356
4,959,173
 
 
 
10,718,524
TOTAL INFORMATION TECHNOLOGY
 
 
165,720,973
Materials - 0.0%
 
 
 
Metals & Mining - 0.0%
 
 
 
Diamond Foundry Inc Series C (b)(c)(d)
 
125,000
4,107,500
Utilities - 0.0%
 
 
 
Independent Power and Renewable Electricity Producers - 0.0%
 
 
 
Redwood Materials Series E (c)(d)
 
2,854
136,250
TOTAL UNITED STATES
 
 
230,032,863
 
TOTAL CONVERTIBLE PREFERRED STOCKS
 (Cost $146,453,890)
 
 
 
261,481,898
 
 
 
 
Non-Convertible Preferred Stocks - 0.0%
 
 
Shares
Value ($)
 
UNITED STATES - 0.0%
 
 
 
Health Care - 0.0%
 
 
 
Biotechnology - 0.0%
 
 
 
Castle Creek Biosciences Inc Series A4 (b)(c)(d)
  (Cost $3,185,523)
 
9,636
2,175,712
 
 
 
 
Preferred Securities - 0.0%
 
 
Principal
Amount (a)
 
Value ($)
 
CANADA - 0.0%
 
 
 
Information Technology - 0.0%
 
 
 
Software - 0.0%
 
 
 
Taalas Inc 0% (c)(d)(h)
 
472,410
470,851
UNITED STATES - 0.0%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Automobiles - 0.0%
 
 
 
Rad Power Bikes Inc 8% 12/31/2199 (c)(d)
 
74,246
17,767
Information Technology - 0.0%
 
 
 
Electronic Equipment, Instruments & Components - 0.0%
 
 
 
Enevate Corp 6% (c)(d)(h)
 
84,434
2,526
TOTAL UNITED STATES
 
 
20,293
 
TOTAL PREFERRED SECURITIES
 (Cost $631,090)
 
 
 
491,144
 
 
 
 
U.S. Treasury Obligations - 0.2%
 
 
Yield (%) (i)
Principal
Amount (a)
 
Value ($)
 
US Treasury Bills 0% 7/23/2026 (j)
 
3.63
18,200,000
18,049,045
US Treasury Bills 0% 7/30/2026 (j)
 
3.62
17,190,000
17,035,714
 
TOTAL U.S. TREASURY OBLIGATIONS
 (Cost $35,084,898)
 
 
 
35,084,759
 
 
 
 
 
Money Market Funds - 3.4%
 
 
Yield (%)
Shares
Value ($)
 
Fidelity Cash Central Fund (k)
 
3.69
509,826,622
509,928,587
Fidelity Securities Lending Cash Central Fund (k)(l)
 
3.69
40,582,154
40,586,212
 
TOTAL MONEY MARKET FUNDS
 (Cost $550,514,799)
 
 
 
550,514,799
 
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 103.1%
 (Cost $6,478,744,837)
 
 
 
16,886,854,515
NET OTHER ASSETS (LIABILITIES) - (3.1)%  
(511,482,916)
NET ASSETS - 100.0%
16,375,371,599
 
 
Legend
 
(a)
Amount is stated in United States dollars unless otherwise noted.
 
(b)
Non-income producing.
 
(c)
Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues).  At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $873,379,856 or 5.3% of net assets.
 
(d)
Level 3 security.
 
(e)
Security or a portion of the security is on loan at period end.
 
(f)
Investment is owned by a wholly-owned subsidiary (Subsidiary) that is treated as a corporation for U.S. tax purposes.
 
(g)
Security is subject to lock-up or market standoff agreement. Fair value is based on the unadjusted market price of the equivalent equity security. At the end of the period, the total value of unadjusted equity securities subject to contractual sale restrictions is $16,933,202 with varying restriction expiration dates. Under normal market conditions, there are no circumstances that could cause the restrictions to lapse.
 
(h)
Security is perpetual in nature with no stated maturity date.
 
(i)
Yield represents either the annualized yield at the date of purchase, or the stated coupon rate, or, for floating and adjustable rate securities, the rate at period end.
 
(j)
Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $35,084,759.
 
(k)
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.
 
(l)
Investment made with cash collateral received from securities on loan.
 
At period end, the value of non-cash collateral for securities on loan amounted to $37,589,299.
 
Additional information on each restricted holding is as follows:
Security
Acquisition Date
Acquisition Cost ($)
 
AgBiome LLC Series C
6/29/2018
1,687,925
 
 
 
Akeana Series C
1/23/2024
829,452
 
 
 
Alif Semiconductor Series D
4/11/2025
1,015,843
 
 
 
Anduril Industries Inc Class B
6/16/2025
179,802
 
 
 
Anduril Industries Inc Class C
6/16/2025
81
 
 
 
Anduril Industries Inc Series F
8/7/2024
1,899,714
 
 
 
Anduril Industries Inc Series G
4/17/2025
1,680,283
 
 
 
Ant International Co Ltd Class C
5/16/2018
2,989,179
 
 
 
Anthropic PBC Series D
5/31/2024
2,029,804
 
 
 
Anthropic PBC Series E
2/14/2025
358,954
 
 
 
Anthropic PBC Series F
8/18/2025
7,090,670
 
 
 
Anthropic PBC Series G
1/27/2026
11,816,621
 
 
 
Applied Intuition Inc Class A
7/2/2024
334,351
 
 
 
Applied Intuition Inc Series A2
7/2/2024
435,295
 
 
 
Applied Intuition Inc Series B2
7/2/2024
209,887
 
 
 
Atom Tickets LLC
8/15/2017
1,999,998
 
 
 
Blink Health LLC Class A1
12/30/2020 - 6/17/2024
233,946
 
 
 
Blink Health LLC Series C
11/7/2019 - 1/21/2021
1,038,273
 
 
 
Blink Health LLC Series D
6/17/2024 - 6/25/2024
243,474
 
 
 
Bolt Technology OU Series E
1/3/2022
4,717,904
 
 
 
Bytedance Ltd Series E1
11/18/2020
4,067,284
 
 
 
Canva Inc Class A
8/19/2025 - 11/12/2025
7,736,858
 
 
 
Castle Creek Biosciences Inc Series A4
9/29/2016
3,185,523
 
 
 
Castle Creek Biosciences Inc Series B
10/9/2018
440,268
 
 
 
Castle Creek Biosciences Inc Series D2
6/28/2021
110,199
 
 
 
Celestial AI Inc
2/25/2025
5,794
 
 
 
Celestial AI Inc (Milestone 1) rights
2/25/2025
469,010
 
 
 
Celestial AI Inc (Milestone 2) rights
2/25/2025
360,379
 
 
 
Celestial AI Inc (Milestone 3) rights
2/25/2025
105,182
 
 
 
Celestial AI Inc escrow shares
2/25/2025
0
 
 
 
Cerebras Systems Inc Series G
9/19/2025
6,945,751
 
 
 
Chobani Inc Class A
10/14/2025
2,749,570
 
 
 
Crusoe Energy Systems LLC Series D
12/10/2024
1,526,796
 
 
 
Crusoe Energy Systems LLC Series E
10/8/2025
2,566,788
 
 
 
Danger Devices Inc Series B
3/5/2025
648,180
 
 
 
Databricks Inc Series G
2/1/2021
3,068,465
 
 
 
Databricks Inc Series I
9/14/2023
87,539
 
 
 
Databricks Inc Series J
12/17/2024
3,014,020
 
 
 
Databricks Inc Series K
9/8/2025
1,515,000
 
 
 
Databricks Inc Series L
12/18/2025
7,771,000
 
 
 
Dataminr Inc Series D, 8%
3/6/2015
1,477,738
 
 
 
Density Ai Inc
12/5/2025
649,633
 
 
 
Diamond Foundry Inc Series C
3/15/2021
3,000,000
 
 
 
Element Labs Inc Series A
2/11/2025
554,396
 
 
 
Element Labs Inc Series B
6/27/2025
1,052,590
 
 
 
Empower Semiconductor Inc Series D
6/27/2025
1,803,397
 
 
 
Enevate Corp 10% 5/12/2199
11/12/2024
22,391
 
 
 
Enevate Corp 6%
11/2/2023 - 10/31/2025
84,434
 
 
 
Enevate Corp Series E
1/29/2021
1,598,398
 
 
 
Epic Games Inc
7/30/2020
618,700
 
 
 
Fanatics Inc Class A
8/13/2020
2,754,037
 
 
 
Frore Systems Inc Series C
5/10/2024
1,015,617
 
 
 
GoBrands Inc Series G
3/2/2021
4,894,459
 
 
 
JUUL Labs Inc Class A
2/23/2024 - 11/4/2025
11,277,292
 
 
 
JUUL Labs Inc Class B
11/21/2017
0
 
 
 
JUUL Labs Inc Series C
5/22/2015 - 7/6/2018
0
 
 
 
JUUL Labs Inc Series D
6/25/2018 - 7/6/2018
0
 
 
 
Lightmatter Inc Series C1
5/19/2023
1,278,644
 
 
 
Lightmatter Inc Series C2
12/18/2023
317,326
 
 
 
Lightmatter Inc Series D
10/11/2024
5,002,853
 
 
 
Lyte Ai Inc Series B
8/13/2024
1,492,837
 
 
 
MOLOCO Inc Series A
6/26/2023
1,172,220
 
 
 
Neurona Therapeutics Inc Series F
3/28/2025
675,886
 
 
 
Neutron Holdings Inc
2/4/2021
6,918
 
 
 
Neutron Holdings Inc 4% 5/22/2027
6/4/2020
433,800
 
 
 
Neutron Holdings Inc 4% 6/12/2027
6/12/2020
115,200
 
 
 
Neutron Holdings Inc Series 1C
7/3/2018
2,268,276
 
 
 
NScale Global Holdings Ltd Series B
9/25/2025
379,880
 
 
 
Nuro Inc/DE Series E
4/1/2025
960,906
 
 
 
OpenAI Group Pbc Class A
9/3/2025
4,171,000
 
 
 
OpenAI Group Pbc Series A-2
9/30/2024
5,005,573
 
 
 
OpenAI Group Pbc Series A-3
4/11/2025
2,419,947
 
 
 
Oura Inc Series D
12/18/2024
4,021,333
 
 
 
Oura Inc Series E
9/24/2025
10,353,849
 
 
 
Physical Intelligence Inc Series B
10/24/2025
1,004,769
 
 
 
Rad Power Bikes Inc
1/21/2021
531,635
 
 
 
Rad Power Bikes Inc 8% 12/31/2199
10/6/2023
74,246
 
 
 
Rad Power Bikes Inc Series A
1/21/2021
69,309
 
 
 
Rad Power Bikes Inc Series C
1/21/2021
272,725
 
 
 
Rad Power Bikes Inc warrants 10/6/2033
10/6/2023
0
 
 
 
Redwood Materials Series E
10/20/2025
136,237
 
 
 
Retym Inc Series C
5/17/2023 - 6/20/2023
1,314,385
 
 
 
Retym Inc Series D
1/29/2025
327,593
 
 
 
Revolut Group Holdings Ltd
12/27/2024 - 1/28/2026
3,852,711
 
 
 
Runway AI Inc Series D
9/6/2024
996,468
 
 
 
Runway AI Inc Series E
11/4/2025
86,847
 
 
 
Skyryse Inc Series C
9/16/2025 - 11/21/2025
1,297,162
 
 
 
Space Exploration Technologies Corp
1/20/2015 - 7/18/2025
27,081,192
 
 
 
Space Exploration Technologies Corp Class C
9/11/2017
92,610
 
 
 
Stripe Global Holdings Inc Series H
3/15/2021
349,088
 
 
 
Stripe Global Holdings Inc Series I
3/20/2023 - 5/12/2023
2,720,606
 
 
 
Taalas Inc 0%
12/23/2025
472,410
 
 
 
Taalas Inc Series B
2/19/2025
1,455,205
 
 
 
Taalas Inc warrants
12/23/2025
95,390
 
 
 
Tanium Inc Class B
4/21/2017
749,609
 
 
 
Tenstorrent Holdings Inc 15% 12/31/2026
2/25/2026
500,700
 
 
 
Tenstorrent Holdings Inc Series D1
7/16/2024 - 1/15/2025
1,424,157
 
 
 
Tory Burch LLC Class A
5/14/2015
7,600,030
 
 
 
Trade Republic Bank GmbH
12/16/2025
3,122,901
 
 
 
Valuedrive Technologies Pvt Ltd Series A
2/12/2026
367,463
 
 
 
Valuedrive Technologies Pvt Ltd Series B
2/12/2026
737,569
 
 
 
Valuedrive Technologies Pvt Ltd Series C
2/12/2026
2,403
 
 
 
Valuedrive Technologies Pvt Ltd Series C1
2/12/2026
2,402
 
 
 
Valuedrive Technologies Pvt Ltd Series G
2/12/2026
1,491,993
 
 
 
Valuedrive Technologies Pvt Ltd Series S2
2/12/2026
162,188
 
 
 
Waymo LLC Series A2
5/8/2020
1,305,182
 
 
 
Waymo LLC Series C2
10/18/2024
2,027,604
 
 
 
World Labs Technologies Inc Series C
2/17/2026
3,773,458
 
 
 
Xsight Labs Ltd Series D
2/16/2021
1,123,438
 
 
 
Xsight Labs Ltd Series F
1/11/2024 - 12/30/2024
1,297,956
 
 
 
Xsight Labs Ltd warrants 7/24/2032
1/11/2024 - 12/30/2024
0
 
 
 
Zipline International Inc Series G
6/7/2024
1,959,018
 
 
 
Zipline International Inc Series H
12/3/2025
2,537,518
 
 
 
 
Additional information on each lock-up restriction is as follows:
Security
Restriction Expiration Date
Beta Technologies Inc
5/4/2026
 
 
Lenskart Solutions Ltd
5/7/2026
 
 
Meesho
6/9/2026
 
 
 
Affiliated Central Funds
 
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
Purchases ($)
Sales
Proceeds ($)
Dividend
Income ($)
Realized
Gain (loss) ($)
Change in
Unrealized
appreciation
(depreciation) ($)
Value,
end
of period ($)
 
 
Shares,
end
of period
% ownership,
end
of period
Fidelity Cash Central Fund
56,535,950
1,803,217,547
1,349,832,109
2,112,714
7,199
-
509,928,587
509,826,622
0.8%
Fidelity Securities Lending Cash Central Fund
52,550,567
446,884,227
458,848,846
221,100
264
-
40,586,212
40,582,154
0.1%
Total
109,086,517
2,250,101,774
1,808,680,955
2,333,814
7,463
-
550,514,799
 
 
 
 
 
 
 
 
 
 
 
 
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
 
Amounts in the dividend income column 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 income 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. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services 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 the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.   
 
The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
 
Level 1 - Unadjusted 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 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 service 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 any 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.
 
Securities, including private placements or other restricted securities, for which observable inputs are not available are valued using alternate valuation approaches, including the market approach, the income approach and cost approach, and are categorized as Level 3 in the hierarchy. The market approach considers factors including the price of recent investments in the same or a similar security or financial metrics of comparable securities. The income approach considers factors including expected future cash flows, security specific risks and corresponding discount rates. The cost approach considers factors including the value of the security's underlying assets and liabilities.
 
Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing services or from brokers who make markets in such securities. U.S. Treasury Obligations, Convertible Corporate Bonds and Preferred Securities are valued by pricing services who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing services. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
 
Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
 
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure 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 consolidated 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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