Quarterly Holdings Report
for
Fidelity® Small Cap Stock Fund
July 31, 2026
SLC-NPRT1-0926
1.804879.122
Common Stocks - 96.4%
 
  
Shares
Value ($)
 
BERMUDA - 1.3%
 
  
  
Financials - 1.3%
  
  
  
Capital Markets - 1.3%
  
  
  
Marex Group Ltd
 
261,600
16,983,072
CANADA - 0.9%
 
  
  
Health Care - 0.3%
  
  
  
Biotechnology - 0.3%
  
  
  
Xenon Pharmaceuticals Inc (a)
  
59,744
3,744,156
Industrials - 0.1%
  
  
  
Electrical Equipment - 0.1%
  
  
  
Electrovaya Inc (United States) (a)
  
173,400
1,425,348
Materials - 0.5%
  
  
  
Metals & Mining - 0.5%
  
  
  
Almonty Industries Inc (United States) (a)(b)
  
305,600
3,379,936
Major Drilling Group International Inc (a)
  
339,748
3,373,608
TOTAL MATERIALS
  
  
6,753,544
TOTAL CANADA
  
  
11,923,048
FRANCE - 0.1%
 
  
  
Health Care - 0.1%
  
  
  
Biotechnology - 0.1%
  
  
  
Inventiva SA ADR (a)
  
154,400
691,712
ITALY - 1.0%
 
  
  
Consumer Discretionary - 1.0%
  
  
  
Hotels, Restaurants & Leisure - 0.5%
  
  
  
Lottomatica Group Spa
 
237,500
6,430,541
Leisure Products - 0.5%
  
  
  
Sanlorenzo SpA/Ameglia (b)
  
155,100
6,764,242
TOTAL ITALY
  
  
13,194,783
JAPAN - 0.4%
 
  
  
Information Technology - 0.4%
  
  
  
Semiconductors & Semiconductor Equipment - 0.4%
  
  
  
SUMCO Corp
 
293,700
5,970,928
NETHERLANDS - 0.2%
 
  
  
Health Care - 0.2%
  
  
  
Biotechnology - 0.2%
  
  
  
Newamsterdam Pharma Co NV (a)
  
94,531
2,627,016
SPAIN - 0.2%
 
  
  
Consumer Discretionary - 0.2%
  
  
  
Automobile Components - 0.2%
  
  
  
CIE Automotive SA
 
107,100
3,266,638
SWEDEN - 0.3%
 
  
  
Industrials - 0.3%
  
  
  
Building Products - 0.3%
  
  
  
Lindab International AB
 
326,600
4,256,481
SWITZERLAND - 1.0%
 
  
  
Consumer Discretionary - 1.0%
  
  
  
Automobile Components - 1.0%
  
  
  
Garrett Motion Inc
 
441,600
13,755,840
TAIWAN - 1.0%
 
  
  
Information Technology - 1.0%
  
  
  
Semiconductors & Semiconductor Equipment - 1.0%
  
  
  
Silicon Motion Technology Corp ADR
 
52,596
13,338,346
THAILAND - 1.2%
 
  
  
Information Technology - 1.2%
  
  
  
Electronic Equipment, Instruments & Components - 1.2%
  
  
  
Fabrinet (a)
  
36,018
15,682,597
UNITED STATES - 88.8%
 
  
  
Communication Services - 0.2%
  
  
  
Diversified Telecommunication Services - 0.2%
  
  
  
Csquare Inc
 
197,100
3,934,116
Consumer Discretionary - 9.3%
  
  
  
Distributors - 0.3%
  
  
  
GigaCloud Technology Inc Class A (a)(b)
  
89,400
3,910,356
Diversified Consumer Services - 3.5%
  
  
  
Grand Canyon Education Inc (a)
  
181,619
26,396,506
Laureate Education Inc (a)
  
548,749
21,022,574
 
  
  
47,419,080
Hotels, Restaurants & Leisure - 2.0%
  
  
  
Brinker International Inc (a)
  
26,200
5,598,940
Lindblad Expeditions Holdings Inc (a)
  
258,841
7,656,517
Pursuit Attractions and Hospitality Inc (a)
  
115,045
5,813,224
Rush Street Interactive Inc Class A (a)
  
300,900
8,097,219
 
  
  
27,165,900
Household Durables - 1.1%
  
  
  
Cavco Industries Inc (a)
  
15,200
8,314,856
KB Home
 
114,200
6,277,574
 
  
  
14,592,430
Leisure Products - 0.9%
  
  
  
YETI Holdings Inc (a)
  
247,187
12,097,332
Specialty Retail - 1.2%
  
  
  
Bob's Discount Furniture Inc (b)
  
538,300
8,973,461
Boot Barn Holdings Inc (a)
  
47,300
7,047,227
 
  
  
16,020,688
Textiles, Apparel & Luxury Goods - 0.3%
  
  
  
Steven Madden Ltd
 
83,176
3,832,749
TOTAL CONSUMER DISCRETIONARY
  
  
125,038,535
Consumer Staples - 1.8%
  
  
  
Consumer Staples Distribution & Retail - 1.8%
  
  
  
Performance Food Group Co (a)
  
74,919
8,569,984
Sprouts Farmers Market Inc (a)
  
169,800
14,799,768
 
  
  
23,369,752
Food Products - 0.0%
  
  
  
Mama's Creations Inc (a)
  
24,835
457,709
TOTAL CONSUMER STAPLES
  
  
23,827,461
Energy - 3.2%
  
  
  
Energy Equipment & Services - 0.4%
  
  
  
Flowco Holdings Inc Class A
 
260,000
5,317,000
Oil, Gas & Consumable Fuels - 2.8%
  
  
  
Chord Energy Corp
 
139,900
19,639,162
PBF Energy Inc Class A
 
244,100
17,643,548
 
  
  
37,282,710
TOTAL ENERGY
  
  
42,599,710
Financials - 14.5%
  
  
  
Banks - 6.7%
  
  
  
Ameris Bancorp
 
157,900
13,770,459
Columbia Financial Inc (b)
  
975,280
10,542,776
Community Financial System Inc (b)
  
268,192
17,381,524
CVB Financial Corp (b)
  
720,894
16,126,399
First Bancorp/Southern Pines NC (b)
  
223,832
14,072,318
Old National Bancorp/IN
 
695,004
18,514,907
 
  
  
90,408,383
Capital Markets - 2.9%
  
  
  
Lincoln International Inc Class A
 
9,600
199,680
Perella Weinberg Partners Class A (b)
  
801,173
14,140,703
StoneX Group Inc (a)
  
167,700
12,840,789
Victory Capital Holdings Inc Class A (b)
  
120,500
11,933,115
 
  
  
39,114,287
Consumer Finance - 2.1%
  
  
  
EZCORP Inc Class A (a)(b)
  
302,900
9,017,333
FirstCash Holdings Inc
 
54,703
11,159,959
SLM Corp
 
307,432
7,991,695
 
  
  
28,168,987
Insurance - 2.8%
  
  
  
Baldwin Insurance Group Inc/The Class A (a)(b)
  
853,873
23,686,437
Primerica Inc
 
41,796
13,373,048
 
  
  
37,059,485
TOTAL FINANCIALS
  
  
194,751,142
Health Care - 16.6%
  
  
  
Biotechnology - 5.2%
  
  
  
Annexon Inc (a)
  
469,000
2,389,555
Arcus Biosciences Inc (a)
  
53,700
1,513,803
Avalo Therapeutics Inc (a)
  
91,900
1,677,175
Celldex Therapeutics Inc (a)
  
97,300
3,703,238
CG oncology Inc (a)
  
27,300
1,943,487
Climb Bio Inc (a)
  
138,467
1,647,757
Cogent Biosciences Inc (a)
  
131,916
5,135,490
Crescent Biopharma Inc (a)
  
67,000
969,490
Dianthus Therapeutics Inc (a)(b)
  
50,725
5,423,517
Disc Medicine Inc (a)
  
31,600
2,433,200
Hemab Therapeutics Holdings Inc (b)
  
47,000
2,234,850
Kiniksa Pharmaceuticals International Plc Class A (a)
  
53,400
3,969,756
Mirum Pharmaceuticals Inc (a)
  
41,000
4,343,950
Olema Pharmaceuticals Inc (a)
  
163,000
1,866,350
Praxis Precision Medicines Inc (a)
  
11,800
3,632,394
Relay Therapeutics Inc (a)
  
205,800
3,875,214
Spyre Therapeutics Inc (a)
  
58,410
5,743,456
Twist Bioscience Corp (a)
  
53,000
4,852,150
Upstream Bio Inc (a)
  
131,691
830,970
Vaxcyte Inc (a)
  
86,536
4,679,867
Viridian Therapeutics Inc (a)
  
118,337
2,238,936
Vor BioPharma Inc (a)
  
93,200
1,971,180
X4 Pharmaceuticals Inc (a)
  
371,300
1,477,774
Zenas Biopharma Inc (a)
  
29,021
912,420
 
  
  
69,465,979
Health Care Equipment & Supplies - 2.0%
  
  
  
Lantheus Holdings Inc (a)
  
157,886
15,731,761
LivaNova PLC (a)
  
54,800
4,391,672
TransMedics Group Inc (a)(b)
  
81,810
6,259,283
 
  
  
26,382,716
Health Care Providers & Services - 4.3%
  
  
  
BrightSpring Health Services Inc (a)
  
168,258
10,046,685
Ensign Group Inc/The
 
86,910
15,483,886
Guardian Pharmacy Services Inc Class A (a)
  
248,700
9,831,111
LifeStance Health Group Inc (a)
  
1,746,800
18,306,464
PACS Group Inc (a)
  
90,800
4,177,708
 
  
  
57,845,854
Life Sciences Tools & Services - 1.3%
  
  
  
10X Genomics Inc Class A (a)
  
89,500
4,230,664
Charles River Laboratories International Inc (a)
  
62,704
14,579,307
 
  
  
18,809,971
Pharmaceuticals - 3.8%
  
  
  
Alumis Inc (a)
  
132,600
3,745,950
Avalyn Pharma Inc
 
73,400
2,113,186
Contineum Therapeutics Inc Class A (a)
  
133,200
2,063,268
Definium Therapeutics Inc (a)
  
44,200
1,923,584
Edgewise Therapeutics Inc (a)
  
30,200
1,160,586
Enliven Therapeutics Inc (a)
  
97,955
5,368,914
Ligand Pharmaceuticals Inc (a)(b)
  
67,900
19,523,966
MBX Biosciences Inc (a)
  
70,600
4,654,658
Phibro Animal Health Corp Class A
 
107,400
3,901,842
Structure Therapeutics Inc ADR (a)
  
57,300
2,752,692
Trevi Therapeutics Inc (a)
  
185,500
3,385,375
 
  
  
50,594,021
TOTAL HEALTH CARE
  
  
223,098,541
Industrials - 19.7%
  
  
  
Aerospace & Defense - 1.8%
  
  
  
Cirrus Aircraft Ltd (b)
  
210,200
1,174,508
Hawkeye 360 Inc
 
101,600
2,153,920
Leonardo DRS Inc
 
87,642
4,035,914
Park Aerospace Corp
 
82,300
2,789,970
V2X Inc (a)
  
55,034
4,966,268
VSE Corp
 
45,700
8,883,624
 
  
  
24,004,204
Building Products - 0.7%
  
  
  
Gibraltar Industries Inc (a)
  
81,616
3,449,092
Tecnoglass Holdings Inc
 
149,351
6,487,808
 
  
  
9,936,900
Construction & Engineering - 7.8%
  
  
  
Cardinal Infrastructure Group Inc Class A (b)
  
170,200
10,533,678
Centuri Holdings Inc (a)
  
110,900
3,087,456
Construction Partners Inc Class A (a)
  
101,839
10,525,061
Granite Construction Inc
 
128,000
15,484,160
IES Holdings Inc (a)
  
61,386
45,704,333
WillScot Holdings Corp
 
785,689
19,076,529
 
  
  
104,411,217
Electrical Equipment - 1.2%
  
  
  
Forgent Power Solutions Inc Class A
 
215,400
7,166,358
Sensata Technologies Holding PLC
 
180,400
8,350,716
 
  
  
15,517,074
Machinery - 2.7%
  
  
  
Enpro Inc
 
31,300
9,825,696
Hillman Solutions Corp (a)
  
707,700
5,569,599
Middleby Corp/The (a)
  
20,500
2,738,390
Midera Food Processing Inc
 
86,700
4,157,265
SPX Technologies Inc (a)
  
17,600
3,865,312
Terex Corp
 
160,276
10,071,744
 
  
  
36,228,006
Professional Services - 2.9%
  
  
  
Cbiz Inc (a)(b)
  
718,542
39,577,293
Trading Companies & Distributors - 2.6%
  
  
  
DXP Enterprises Inc/TX (a)
  
61,100
9,593,922
EVI Industries Inc (b)
  
74,295
1,045,330
Herc Holdings Inc (b)
  
163,363
24,527,321
 
  
  
35,166,573
TOTAL INDUSTRIALS
  
  
264,841,267
Information Technology - 12.5%
  
  
  
Electronic Equipment, Instruments & Components - 4.6%
  
  
  
Advanced Energy Industries Inc
 
26,800
7,759,136
Bel Fuse Inc Class B (b)
  
21,400
5,820,158
Sanmina Corp (a)
  
213,514
39,619,658
TTM Technologies Inc (a)
  
69,900
8,069,256
 
  
  
61,268,208
IT Services - 0.7%
  
  
  
Boost Run Inc Class A
 
299,500
6,001,980
DigitalOcean Holdings Inc (a)
  
28,500
3,348,750
 
  
  
9,350,730
Semiconductors & Semiconductor Equipment - 5.1%
  
  
  
Axcelis Technologies Inc (a)
  
131,700
17,171,046
Diodes Inc (a)
  
81,500
6,709,080
Onto Innovation Inc (a)
  
22,300
5,766,334
Penguin Solutions Inc (a)
  
382,280
20,119,396
Rambus Inc (a)
  
48,100
4,378,543
Semtech Corp (a)
  
45,000
5,301,900
Veeco Instruments Inc (a)
  
180,899
9,044,950
 
  
  
68,491,249
Software - 1.6%
  
  
  
Adeia Inc
 
254,400
6,779,760
Braze Inc Class A (a)
  
245,700
6,122,844
Riot Platforms Inc (a)
  
441,670
8,908,484
 
  
  
21,811,088
Technology Hardware, Storage & Peripherals - 0.5%
  
  
  
GPGI Inc Class A
 
553,800
7,310,160
TOTAL INFORMATION TECHNOLOGY
  
  
168,231,435
Materials - 4.8%
  
  
  
Chemicals - 2.5%
  
  
  
Minerals Technologies Inc
 
138,000
10,521,120
Perimeter Solutions Inc (a)
  
732,014
22,406,949
 
  
  
32,928,069
Construction Materials - 1.6%
  
  
  
James Hardie Industries PLC (a)
  
566,600
14,895,914
Suncrete Inc Class A
 
365,200
6,168,228
 
  
  
21,064,142
Metals & Mining - 0.7%
  
  
  
Commercial Metals Co
 
145,700
10,012,504
TOTAL MATERIALS
  
  
64,004,715
Real Estate - 4.4%
  
  
  
Health Care REITs - 1.3%
  
  
  
CareTrust REIT Inc
 
419,715
17,602,847
Industrial REITs - 0.8%
  
  
  
Terreno Realty Corp
 
144,529
10,355,502
Real Estate Management & Development - 1.5%
  
  
  
Compass Inc Class A (a)
  
1,744,748
19,872,680
Retail REITs - 0.8%
  
  
  
Acadia Realty Trust
 
472,016
10,606,200
TOTAL REAL ESTATE
  
  
58,437,229
Utilities - 1.8%
  
  
  
Electric Utilities - 0.8%
  
  
  
IDACORP Inc
 
76,600
10,946,906
Gas Utilities - 1.0%
  
  
  
Southwest Gas Holdings Inc
 
92,851
8,300,879
UGI Corp
 
143,900
5,197,668
 
  
  
13,498,547
TOTAL UTILITIES
  
  
24,445,453
TOTAL UNITED STATES
  
  
1,193,209,604
 
TOTAL COMMON STOCKS
 (Cost $1,028,701,616)
  
  
  
1,294,900,065
 
  
  
  
Money Market Funds - 9.5%
 
  
Yield (%)
Shares
Value ($)
 
Fidelity Cash Central Fund (c)
  
3.69
52,500,627
52,511,127
Fidelity Securities Lending Cash Central Fund (c)(d)
  
3.72
74,702,286
74,709,756
 
TOTAL MONEY MARKET FUNDS
 (Cost $127,217,793)
  
  
  
127,220,883
 
  
  
  
  
 
TOTAL INVESTMENT IN SECURITIES - 105.9%
 (Cost $1,155,919,409)
 
  
 
1,422,120,948
NET OTHER ASSETS (LIABILITIES) - (5.9)%  
(78,786,150)
NET ASSETS - 100.0%
1,343,334,798
 
  
 
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.
 
At period end, the value of non-cash collateral for securities on loan amounted to $66,103,825.
 
Affiliated Underlying Funds
Fiscal year to date information regarding the Fund's investments in affiliated underlying funds is presented below. Exchanges between classes of the same affiliated underlying funds may occur. If an underlying fund changes its name, the name presented below is the name in effect at period end.
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
Fidelity Cash Central Fund
11,857,721
169,610,579
128,959,925
239,876
(338)
3,090
52,511,127
52,500,627
Fidelity Securities Lending Cash Central Fund
81,987,987
168,260,214
175,538,445
66,037
-
-
74,709,756
74,702,286
 
93,845,708
337,870,793
304,498,370
305,913
(338)
3,090
127,220,883
  
 
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.
 
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 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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