Quarterly Holdings Report
for
Fidelity® Large Cap Growth Index Fund
July 31, 2026
LC1-NPRT1-0926
1.9871046.110
Common Stocks - 99.8%
 
  
Shares
Value ($)
 
AUSTRALIA - 0.1%
 
  
  
Information Technology - 0.0%
  
  
  
Software - 0.0%
  
  
  
IREN Ltd (b)(c)
  
52,301
1,924,677
Materials - 0.1%
  
  
  
Metals & Mining - 0.1%
  
  
  
Anglogold Ashanti Plc
 
601,651
47,722,957
TOTAL AUSTRALIA
  
  
49,647,634
BRAZIL - 0.3%
 
  
  
Financials - 0.3%
  
  
  
Banks - 0.3%
  
  
  
NU Holdings Ltd/Cayman Islands Class A (b)
  
4,565,664
65,425,965
CANADA - 0.1%
 
  
  
Consumer Discretionary - 0.0%
  
  
  
Hotels, Restaurants & Leisure - 0.0%
  
  
  
Restaurant Brands International Inc (United States)
 
258,526
19,136,095
Financials - 0.1%
  
  
  
Capital Markets - 0.1%
  
  
  
Brookfield Asset Management Ltd Class A (United States)
 
465,673
22,538,573
Materials - 0.0%
  
  
  
Metals & Mining - 0.0%
  
  
  
Almonty Industries Inc (United States) (b)
  
271,395
3,001,628
TOTAL CANADA
  
  
44,676,296
DENMARK - 0.0%
 
  
  
Health Care - 0.0%
  
  
  
Biotechnology - 0.0%
  
  
  
Ascendis Pharma A/S (b)
  
61,931
15,105,590
FINLAND - 0.0%
 
  
  
Consumer Discretionary - 0.0%
  
  
  
Textiles, Apparel & Luxury Goods - 0.0%
  
  
  
Amer Sports Inc (b)
  
37,055
1,315,823
GRAND CAYMAN (UK OVERSEAS TER) - 0.0%
 
  
  
Financials - 0.0%
  
  
  
Capital Markets - 0.0%
  
  
  
Bullish
 
1,740
37,915
JAPAN - 0.0%
 
  
  
Information Technology - 0.0%
  
  
  
Semiconductors & Semiconductor Equipment - 0.0%
  
  
  
Allegro MicroSystems Inc (b)
  
163,244
6,774,626
KAZAKHSTAN - 0.0%
 
  
  
Financials - 0.0%
  
  
  
Capital Markets - 0.0%
  
  
  
Freedom Holding Corp/NV (b)(c)
  
20,314
3,072,899
KOREA (SOUTH) - 0.1%
 
  
  
Consumer Discretionary - 0.1%
  
  
  
Broadline Retail - 0.1%
  
  
  
Coupang Inc Class A (b)
  
1,640,471
26,821,701
MEXICO - 0.0%
 
  
  
Materials - 0.0%
  
  
  
Metals & Mining - 0.0%
  
  
  
Southern Copper Corp
 
27,823
5,083,540
PUERTO RICO - 0.0%
 
  
  
Financials - 0.0%
  
  
  
Banks - 0.0%
  
  
  
Popular Inc
 
6,460
1,131,857
SWITZERLAND - 0.0%
 
  
  
Consumer Discretionary - 0.0%
  
  
  
Textiles, Apparel & Luxury Goods - 0.0%
  
  
  
On Holding AG Class A (b)
  
297,639
10,786,437
THAILAND - 0.0%
 
  
  
Information Technology - 0.0%
  
  
  
Electronic Equipment, Instruments & Components - 0.0%
  
  
  
Fabrinet (b)
  
47,151
20,530,017
UNITED KINGDOM - 0.0%
 
  
  
Energy - 0.0%
  
  
  
Energy Equipment & Services - 0.0%
  
  
  
TechnipFMC PLC
 
205,342
14,714,808
UNITED STATES - 99.2%
 
  
  
Communication Services - 16.7%
  
  
  
Diversified Telecommunication Services - 0.2%
  
  
  
AST SpaceMobile Inc Class A (b)(c)
  
316,261
18,653,074
Globalstar Inc (b)
  
67,813
5,654,248
Iridium Communications Inc
 
37,729
1,786,090
Space Exploration Technologies Corp Class A (c)
  
629,823
68,253,919
 
  
  
94,347,331
Entertainment - 1.6%
  
  
  
Electronic Arts Inc
 
45,249
9,495,955
Live Nation Entertainment Inc (b)
  
210,503
36,654,887
Madison Square Garden Sports Corp Class A (b)
  
11,357
4,471,024
Netflix Inc (b)
  
5,524,541
396,164,836
ROBLOX Corp Class A (b)
  
836,208
29,769,005
Roku Inc Class A (b)
  
162,132
23,510,761
Spotify Technology SA (b)
  
207,976
103,975,521
Take-Two Interactive Software Inc (b)
  
241,144
58,578,700
TKO Group Holdings Inc Class A
 
31,305
5,691,562
 
  
  
668,312,251
Interactive Media & Services - 14.9%
  
  
  
Alphabet Inc Class A
 
7,672,359
2,732,357,211
Alphabet Inc Class C
 
6,260,671
2,232,868,312
Meta Platforms Inc Class A
 
2,367,997
1,318,287,610
Reddit Inc Class A (b)
  
175,662
24,710,374
 
  
  
6,308,223,507
Media - 0.0%
  
  
  
EchoStar Corp Class A (b)
  
156,173
13,132,588
NIQ Global Intelligence Plc (b)(c)
  
9,411
105,121
Trade Desk Inc (The) Class A (b)
  
160,383
2,893,309
 
  
  
16,131,018
TOTAL COMMUNICATION SERVICES
  
  
7,087,014,107
Consumer Discretionary - 7.6%
  
  
  
Automobiles - 2.9%
  
  
  
Rivian Automotive Inc Class A (b)
  
164,650
2,505,973
Tesla Inc (b)
  
3,846,500
1,197,069,265
 
  
  
1,199,575,238
Broadline Retail - 0.7%
  
  
  
Amazon.com Inc (b)
  
1,067,675
289,959,177
eBay Inc
 
127,786
14,568,882
Etsy Inc (b)
  
61,133
4,993,343
 
  
  
309,521,402
Diversified Consumer Services - 0.0%
  
  
  
Grand Canyon Education Inc (b)
  
8,461
1,229,722
H&R Block Inc
 
24,177
1,064,513
 
  
  
2,294,235
Hotels, Restaurants & Leisure - 2.3%
  
  
  
Airbnb Inc Class A (b)
  
544,487
82,500,670
Booking Holdings Inc
 
1,019,355
196,633,580
Cava Group Inc (b)(c)
  
132,179
8,622,036
Chipotle Mexican Grill Inc (b)
  
1,681,209
62,574,599
Choice Hotels International Inc
 
36,663
4,087,558
Churchill Downs Inc
 
13,443
1,133,245
Darden Restaurants Inc
 
150,711
30,681,745
Domino's Pizza Inc
 
2,044
710,166
DoorDash Inc Class A (b)
  
493,461
96,797,310
DraftKings Inc Class A (b)
  
627,722
14,738,913
Dutch Bros Inc Class A (b)
  
154,473
10,168,958
Expedia Group Inc Class A
 
150,236
44,280,559
Hilton Worldwide Holdings Inc
 
293,839
94,172,461
Hyatt Hotels Corp Class A (c)
  
49,019
8,532,247
Las Vegas Sands Corp
 
363,195
17,756,604
Marriott International Inc/MD Class A1
 
214,581
80,002,234
Planet Fitness Inc Class A (b)
  
104,022
5,815,870
Royal Caribbean Cruises Ltd
 
187,683
59,739,499
Starbucks Corp
 
825,537
86,887,769
Texas Roadhouse Inc
 
27,615
5,673,226
Travel + Leisure Co
 
22,725
1,727,555
Vail Resorts Inc (c)
  
37,485
5,599,509
Viking Holdings Ltd (b)
  
233,170
24,331,290
Wingstop Inc
 
35,668
4,618,649
Wyndham Hotels & Resorts Inc
 
87,536
6,552,945
Wynn Resorts Ltd
 
84,866
8,428,042
Yum! Brands Inc
 
108,718
16,664,295
 
  
  
979,431,534
Household Durables - 0.0%
  
  
  
NVR Inc (b)
  
1,387
8,525,958
SharkNinja Inc (b)(c)
  
16,327
2,641,219
Somnigroup International Inc
 
44,385
2,899,672
 
  
  
14,066,849
Leisure Products - 0.0%
  
  
  
Hasbro Inc
 
46,258
4,345,477
Specialty Retail - 1.6%
  
  
  
AutoZone Inc (b)
  
2,940
8,867,775
Burlington Stores Inc (b)
  
82,469
30,388,177
Carvana Co Class A (b)
  
912,752
56,919,215
Chewy Inc Class A (b)
  
307,256
6,943,986
Five Below Inc (b)
  
28,536
6,196,022
Home Depot Inc/The
 
972,168
322,720,889
Murphy USA Inc
 
22,014
13,379,229
Ross Stores Inc
 
362,640
91,048,025
TJX Cos Inc/The
 
664,991
104,629,684
Ulta Beauty Inc (b)
  
12,556
6,439,093
Valvoline Inc (b)
  
150,214
5,769,720
Williams-Sonoma Inc
 
19,877
4,545,074
 
  
  
657,846,889
Textiles, Apparel & Luxury Goods - 0.1%
  
  
  
Deckers Outdoor Corp (b)
  
14,631
1,417,451
Ralph Lauren Corp Class A
 
31,280
11,897,035
Tapestry Inc
 
266,343
40,582,683
 
  
  
53,897,169
TOTAL CONSUMER DISCRETIONARY
  
  
3,220,978,793
Consumer Staples - 1.3%
  
  
  
Beverages - 0.3%
  
  
  
Celsius Holdings Inc (b)(c)
  
224,312
6,552,154
Coca-Cola Co/The
 
587,587
51,466,745
Coca-Cola Consolidated Inc
 
8,816
1,656,526
Monster Beverage Corp (b)
  
421,241
40,599,208
PepsiCo Inc
 
212,512
29,658,175
 
  
  
129,932,808
Consumer Staples Distribution & Retail - 0.9%
  
  
  
Casey's General Stores Inc
 
42,923
37,385,933
Costco Wholesale Corp
 
255,573
243,277,383
Maplebear Inc (b)
  
94,011
4,192,890
Sysco Corp
 
299,198
25,503,638
Walmart Inc
 
496,286
55,187,003
 
  
  
365,546,847
Food Products - 0.0%
  
  
  
Hershey Co/The
 
20,036
3,507,301
Household Products - 0.1%
  
  
  
Colgate-Palmolive Co
 
451,268
41,200,769
Kimberly-Clark Corp
 
139,769
15,278,149
 
  
  
56,478,918
Personal Care Products - 0.0%
  
  
  
Estee Lauder Cos Inc/The Class A
 
58,145
4,878,366
TOTAL CONSUMER STAPLES
  
  
560,344,240
Energy - 0.5%
  
  
  
Oil, Gas & Consumable Fuels - 0.5%
  
  
  
Cheniere Energy Inc
 
18,548
4,888,696
Marathon Petroleum Corp
 
197,617
62,539,852
Matador Resources Co
 
13,551
676,059
Permian Resources Holdings Inc/DE Class A
 
127,358
2,713,999
Phillips 66
 
32,329
6,843,403
Targa Resources Corp
 
279,499
75,568,145
Texas Pacific Land Corp
 
77,495
31,197,937
Valero Energy Corp
 
46,834
14,654,359
TOTAL ENERGY
  
  
199,082,450
Financials - 4.7%
  
  
  
Banks - 0.2%
  
  
  
Bank of America Corp
 
593,292
36,754,439
Citigroup Inc
 
347,762
46,061,077
Pinnacle Financial Partners Inc
 
11,631
1,223,930
Western Alliance Bancorp
 
25,444
2,047,988
 
  
  
86,087,434
Capital Markets - 0.8%
  
  
  
Ameriprise Financial Inc
 
10,067
5,494,971
Ares Management Corp Class A
 
259,123
33,191,065
Bank of New York Mellon Corp/The
 
56,191
8,784,339
Blackstone Inc
 
774,984
99,004,207
Charles Schwab Corp/The
 
161,362
16,981,737
Interactive Brokers Group Inc Class A
 
228,193
20,078,702
KKR & Co Inc Class A
 
197,436
20,025,933
Lazard Inc
 
20,716
877,944
LPL Financial Holdings Inc
 
37,537
13,276,837
Moody's Corp
 
91,456
43,750,721
Morningstar Inc
 
1,708
328,910
MSCI Inc
 
4,827
2,762,202
Northern Trust Corp
 
12,426
2,263,893
Robinhood Markets Inc Class A (b)
  
837,655
72,507,417
Tradeweb Markets Inc Class A
 
10,992
1,104,696
 
  
  
340,433,574
Consumer Finance - 0.2%
  
  
  
Ally Financial Inc
 
36,947
1,600,914
American Express Co
 
203,545
68,442,006
Credit Acceptance Corp (b)
  
436
248,044
Figure Technology Solutions Inc Class A
 
86,169
2,146,470
SoFi Technologies Inc Class A (b)(c)
  
196,718
3,208,471
 
  
  
75,645,905
Financial Services - 3.5%
  
  
  
Affirm Holdings Inc Class A (b)
  
368,768
26,370,600
Chime Financial Inc Class A (b)
  
17,422
400,532
Corpay Inc (b)
  
31,066
11,870,629
Equitable Holdings Inc
 
197,673
9,419,118
Mastercard Inc Class A
 
1,063,646
609,575,523
Shift4 Payments Inc Class A (b)(c)
  
27,970
1,482,410
Toast Inc Class A (b)
  
627,467
20,248,360
UWM Holdings Corp Class A (c)
  
35,693
64,961
Visa Inc Class A
 
2,174,170
796,028,862
WEX Inc (b)
  
3,129
584,998
 
  
  
1,476,045,993
Insurance - 0.0%
  
  
  
Ryan Specialty Holdings Inc Class A
 
21,724
959,332
TOTAL FINANCIALS
  
  
1,979,172,238
Health Care - 5.5%
  
  
  
Biotechnology - 1.2%
  
  
  
AbbVie Inc
 
186,016
46,678,855
Alnylam Pharmaceuticals Inc (b)
  
175,498
36,068,349
Amgen Inc
 
502,748
193,638,420
Arrowhead Pharmaceuticals Inc (b)
  
111,919
9,473,943
Bridgebio Pharma Inc (b)
  
210,278
16,841,165
Caris Life Sciences Inc (b)
  
145,639
2,282,163
Exelixis Inc (b)
  
83,751
4,441,316
Halozyme Therapeutics Inc (b)
  
154,647
12,764,563
Insmed Inc (b)
  
282,435
27,848,091
Ionis Pharmaceuticals Inc (b)
  
204,292
10,576,197
Madrigal Pharmaceuticals Inc (b)
  
23,576
11,017,536
Natera Inc (b)
  
179,793
48,141,374
Neurocrine Biosciences Inc (b)
  
112,172
18,710,290
Revolution Medicines Inc (b)
  
251,879
47,234,869
Summit Therapeutics Inc (b)
  
177,830
2,315,347
Viking Therapeutics Inc (b)
  
9,998
317,336
 
  
  
488,349,814
Health Care Equipment & Supplies - 0.7%
  
  
  
Dexcom Inc (b)
  
505,102
42,150,762
IDEXX Laboratories Inc (b)
  
87,437
48,883,404
Insulet Corp (b)
  
91,095
15,062,558
Intuitive Surgical Inc (b)
  
464,159
164,001,299
Penumbra Inc (b)
  
50,130
16,101,255
 
  
  
286,199,278
Health Care Providers & Services - 0.6%
  
  
  
Cardinal Health Inc
 
141,139
32,466,204
Cencora Inc
 
245,865
76,547,609
Centene Corp (b)
  
52,215
3,248,817
DaVita Inc (b)
  
2,255
541,403
Guardant Health Inc (b)
  
148,843
24,111,078
McKesson Corp
 
151,394
129,622,029
 
  
  
266,537,140
Life Sciences Tools & Services - 0.0%
  
  
  
Medpace Holdings Inc (b)
  
30,374
17,529,139
Tempus AI Inc Class A (b)(c)
  
141,511
6,208,087
 
  
  
23,737,226
Pharmaceuticals - 3.0%
  
  
  
Axsome Therapeutics Inc (b)
  
56,777
12,376,818
Corcept Therapeutics Inc (b)
  
124,838
14,292,703
Eli Lilly & Co
 
1,051,231
1,207,696,222
Zoetis Inc Class A
 
436,266
33,718,999
 
  
  
1,268,084,742
TOTAL HEALTH CARE
  
  
2,332,908,200
Industrials - 8.4%
  
  
  
Aerospace & Defense - 3.0%
  
  
  
ATI Inc (b)
  
178,197
33,401,246
Axon Enterprise Inc (b)
  
101,728
53,687,969
Boeing Co (b)
  
648,051
140,069,743
BWX Technologies Inc
 
114,197
19,265,034
Carpenter Technology Corp
 
63,544
33,021,275
Curtiss-Wright Corp
 
24,757
17,924,068
FTAI Aviation Ltd
 
133,550
27,511,300
GE Aerospace
 
1,360,017
489,701,322
HEICO Corp
 
56,100
19,991,796
HEICO Corp Class A
 
99,238
25,531,953
Hexcel Corp
 
17,202
1,770,946
Howmet Aerospace Inc
 
524,155
147,947,990
Karman Holdings Inc (b)
  
90,055
4,336,148
Kratos Defense & Security Solutions Inc (b)
  
16,619
774,445
Lockheed Martin Corp
 
267,466
155,863,137
Rocket Lab Corp (b)
  
707,206
45,933,030
TransDigm Group Inc
 
37,109
46,548,787
Woodward Inc
 
78,136
28,187,562
 
  
  
1,291,467,751
Air Freight & Logistics - 0.0%
  
  
  
CH Robinson Worldwide Inc
 
142,866
21,105,594
Building Products - 0.4%
  
  
  
AAON Inc
 
89,701
7,988,771
Armstrong World Industries Inc
 
14,433
2,520,868
Carlisle Cos Inc
 
5,339
1,921,613
Johnson Controls International plc
 
51,617
7,570,149
Lennox International Inc
 
12,194
5,071,241
Modine Manufacturing Co (b)
  
68,433
13,759,139
Trane Technologies PLC
 
290,892
132,341,315
 
  
  
171,173,096
Commercial Services & Supplies - 0.3%
  
  
  
Cintas Corp
 
448,992
91,877,234
Clean Harbors Inc (b)
  
12,565
3,931,337
Rollins Inc
 
391,289
14,857,243
Waste Management Inc
 
131,935
29,889,874
 
  
  
140,555,688
Construction & Engineering - 0.8%
  
  
  
Comfort Systems USA Inc
 
45,886
79,368,555
Dycom Industries Inc (b)
  
15,588
6,251,879
EMCOR Group Inc
 
58,214
46,421,590
Everus Construction Group Inc (b)
  
57,792
7,248,851
IES Holdings Inc (b)
  
11,464
8,535,407
MasTec Inc (b)
  
81,635
21,478,169
Primoris Services Corp
 
3,729
314,764
Quanta Services Inc
 
196,537
131,160,932
Solv Energy Inc Class A
 
50,920
1,447,656
Sterling Infrastructure Inc (b)
  
39,569
23,613,592
 
  
  
325,841,395
Electrical Equipment - 1.6%
  
  
  
Bloom Energy Corp Class A (b)
  
353,402
72,733,666
Eaton Corp PLC
 
79,083
32,835,262
Forgent Power Solutions Inc Class A
 
218,282
7,262,242
GE Vernova Inc
 
354,294
350,853,806
nVent Electric PLC
 
86,317
13,278,144
Powell Industries Inc
 
38,036
7,937,352
Rockwell Automation Inc
 
121,781
58,464,622
Vertiv Holdings Co Class A
 
505,153
122,029,810
Vicor Corp (b)
  
32,441
6,727,290
 
  
  
672,122,194
Ground Transportation - 0.2%
  
  
  
Avis Budget Group Inc (b)(c)
  
7,002
962,355
Landstar System Inc
 
14,443
2,524,203
Lyft Inc Class A (b)
  
69,006
1,094,435
Old Dominion Freight Line Inc
 
50,946
10,807,684
U-Haul Holding Co (b)
  
349
24,747
U-Haul Holding Co Class N
 
7,053
441,377
Uber Technologies Inc (b)
  
254,325
17,894,307
Union Pacific Corp
 
52,883
15,448,711
XPO Inc (b)
  
150,030
30,151,530
 
  
  
79,349,349
Industrial Conglomerates - 0.0%
  
  
  
3M Co
 
95,834
16,893,618
Machinery - 1.4%
  
  
  
Allison Transmission Holdings Inc
 
15,864
1,817,063
Caterpillar Inc
 
598,114
487,349,268
Cummins Inc
 
82,425
52,273,935
Illinois Tool Works Inc
 
110,091
31,590,612
Lincoln Electric Holdings Inc
 
16,546
4,323,635
RBC Bearings Inc (b)
  
7,257
4,000,857
 
  
  
581,355,370
Passenger Airlines - 0.1%
  
  
  
Alaska Air Group Inc (b)(c)
  
21,907
1,039,487
American Airlines Group Inc (b)
  
859,056
13,117,785
Delta Air Lines Inc
 
52,848
4,621,029
Southwest Airlines Co
 
54,852
2,466,694
United Airlines Holdings Inc (b)
  
25,238
3,062,127
 
  
  
24,307,122
Professional Services - 0.2%
  
  
  
Automatic Data Processing Inc
 
194,038
51,703,365
Booz Allen Hamilton Holding Corp Class A
 
35,274
2,459,303
ExlService Holdings Inc (b)
  
30,059
1,019,902
Paylocity Holding Corp (b)
  
3,974
547,995
Planet Labs PBC Class A (b)(c)
  
367,318
7,522,673
UL Solutions Inc Class A
 
35,020
3,209,233
 
  
  
66,462,471
Trading Companies & Distributors - 0.4%
  
  
  
Fastenal Co
 
1,236,767
59,006,154
Ferguson Enterprises Inc
 
12,682
2,971,773
United Rentals Inc
 
18,920
20,419,599
WW Grainger Inc
 
49,120
67,894,646
 
  
  
150,292,172
TOTAL INDUSTRIALS
  
  
3,540,925,820
Information Technology - 53.7%
  
  
  
Communications Equipment - 1.0%
  
  
  
Applied Optoelectronics Inc (b)
  
101,585
9,581,497
Arista Networks Inc (b)
  
1,375,066
247,993,153
Ciena Corp (b)
  
185,278
69,859,070
Lumentum Holdings Inc (b)
  
93,557
66,794,085
Motorola Solutions Inc
 
82,924
36,134,133
Ubiquiti Inc (c)
  
5,581
3,105,938
Viavi Solutions Inc (b)
  
304,452
11,249,501
 
  
  
444,717,377
Electronic Equipment, Instruments & Components - 1.3%
  
  
  
Advanced Energy Industries Inc
 
47,070
13,627,706
Amphenol Corp Class A
 
1,614,970
259,525,679
Coherent Corp (b)
  
48,493
12,748,325
Corning Inc
 
1,041,038
143,923,504
Jabil Inc
 
137,279
43,249,749
Keysight Technologies Inc (b)
  
128,212
40,909,885
Sanmina Corp (b)
  
21,600
4,008,096
TTM Technologies Inc (b)
  
115,698
13,356,177
 
  
  
531,349,121
IT Services - 0.8%
  
  
  
Cloudflare Inc Class A (b)
  
416,104
116,084,694
CoreWeave Inc Class A (b)(c)
  
457,970
32,868,507
DigitalOcean Holdings Inc (b)
  
106,740
12,541,950
Gartner Inc (b)
  
85,885
12,970,353
GoDaddy Inc Class A (b)
  
173,459
14,351,998
Kyndryl Holdings Inc (b)
  
16,543
224,157
MongoDB Inc Class A (b)
  
93,437
31,533,119
Snowflake Inc (b)
  
440,997
129,335,600
Twilio Inc Class A (b)
  
28,841
5,691,771
 
  
  
355,602,149
Semiconductors & Semiconductor Equipment - 31.1%
  
  
  
Advanced Micro Devices Inc (b)
  
2,141,781
1,019,809,023
Analog Devices Inc
 
45,568
16,742,139
Applied Materials Inc
 
1,043,856
529,934,376
Astera Labs Inc (b)
  
201,581
62,738,055
Broadcom Inc
 
6,125,564
2,384,559,554
Credo Technology Group Holding Ltd (b)
  
216,898
44,895,717
Entegris Inc
 
28,253
3,363,520
First Solar Inc (b)
  
6,856
1,446,821
FormFactor Inc (b)
  
102,146
10,847,905
KLA Corp
 
1,722,362
314,882,221
Lam Research Corp
 
1,645,600
482,193,712
Lattice Semiconductor Corp (b)
  
179,328
22,285,091
MACOM Technology Solutions Holdings Inc (b)
  
88,100
22,151,864
Marvell Technology Inc
 
1,148,536
215,419,412
Microchip Technology Inc
 
699,300
51,950,997
Micron Technology Inc
 
1,484,272
1,221,600,384
MKS Inc
 
7,589
2,257,348
Monolithic Power Systems Inc
 
62,252
88,773,220
NVIDIA Corp
 
30,716,084
6,166,253,863
ON Semiconductor Corp (b)
  
27,084
2,210,324
Onto Innovation Inc (b)
  
12,683
3,279,570
Rambus Inc (b)
  
141,539
12,884,295
Semtech Corp (b)
  
122,022
14,376,632
SiTime Corp (b)
  
29,258
15,658,882
Teradyne Inc
 
206,213
75,822,458
Texas Instruments Inc
 
1,197,368
330,162,252
 
  
  
13,116,499,635
Software - 10.7%
  
  
  
Adobe Inc (b)
  
370,607
92,803,699
Appfolio Inc Class A (b)
  
30,042
5,413,268
AppLovin Corp Class A (b)
  
315,995
125,102,421
Atlassian Corp Class A (b)
  
222,302
22,455,837
Autodesk Inc (b)
  
277,992
65,105,726
Bentley Systems Inc Class B
 
43,382
1,537,458
Cadence Design Systems Inc (b)
  
363,113
123,465,682
Crowdstrike Holdings Inc Class A (b)
  
1,321,634
252,247,065
Datadog Inc Class A (b)
  
432,493
115,895,149
Docusign Inc (b)
  
15,999
877,225
Dynatrace Inc (b)
  
68,869
3,052,274
Elastic NV (b)
  
61,188
4,025,559
Fair Isaac Corp (b)
  
24,423
27,426,296
Fortinet Inc (b)
  
798,073
129,247,922
Gen Digital Inc
 
66,314
1,820,319
Guidewire Software Inc (b)
  
58,288
8,856,279
HubSpot Inc (b)
  
57,764
13,710,863
Intuit Inc
 
112,217
35,468,427
Klaviyo Inc Class A (b)
  
41,230
735,543
Manhattan Associates Inc (b)
  
76,987
14,732,232
Microsoft Corp
 
4,891,265
2,273,068,672
Oracle Corp
 
2,256,754
293,084,642
Palantir Technologies Inc Class A (b)
  
2,923,941
359,820,179
Palo Alto Networks Inc (b)
  
1,061,784
352,331,785
Pegasystems Inc
 
34,419
1,051,500
Procore Technologies Inc (b)
  
160,558
8,793,762
RingCentral Inc Class A
 
10,095
561,484
Rubrik Inc Class A (b)
  
137,384
9,941,106
Samsara Inc Class A (b)
  
452,505
16,864,861
SentinelOne Inc Class A (b)
  
289,262
5,513,334
ServiceNow Inc (b)
  
1,351,316
150,306,879
Terawulf Inc (b)(c)
  
475,939
8,405,083
Workday Inc Class A (b)
  
20,400
3,270,936
Zscaler Inc (b)
  
137,545
20,796,804
 
  
  
4,547,790,271
Technology Hardware, Storage & Peripherals - 8.8%
  
  
  
Apple Inc
 
10,313,652
3,185,990,239
Dell Technologies Inc Class C
 
46,834
18,985,099
Everpure Inc Class A (b)
  
354,281
27,339,865
NetApp Inc
 
91,791
16,384,694
Sandisk Corp (b)
  
191,580
232,737,131
Super Micro Computer Inc (b)(c)
  
68,837
1,954,971
Western Digital Corp
 
445,072
242,493,028
 
  
  
3,725,885,027
TOTAL INFORMATION TECHNOLOGY
  
  
22,721,843,580
Materials - 0.1%
  
  
  
Chemicals - 0.1%
  
  
  
Sherwin-Williams Co/The
 
80,409
27,407,408
Solstice Advanced Materials Inc
 
209,504
12,605,855
 
  
  
40,013,263
Metals & Mining - 0.0%
  
  
  
Aura Minerals Inc (c)
  
53,447
2,916,603
Hecla Mining Co
 
44,801
632,589
Steel Dynamics Inc
 
14,622
3,673,924
 
  
  
7,223,116
TOTAL MATERIALS
  
  
47,236,379
Real Estate - 0.4%
  
  
  
Real Estate Management & Development - 0.0%
  
  
  
CBRE Group Inc Class A (b)
  
36,335
5,334,341
CoStar Group Inc (b)
  
56,830
1,634,431
Jones Lang LaSalle Inc (b)
  
3,139
1,114,439
 
  
  
8,083,211
Retail REITs - 0.2%
  
  
  
Simon Property Group Inc
 
420,834
96,526,695
Specialized REITs - 0.2%
  
  
  
American Tower Corp
 
397,164
68,852,351
Lamar Advertising Co Class A
 
25,148
4,022,674
Public Storage
 
23,633
7,661,110
 
  
  
80,536,135
TOTAL REAL ESTATE
  
  
185,146,041
Utilities - 0.3%
  
  
  
Electric Utilities - 0.1%
  
  
  
Constellation Energy Corp
 
28,177
7,403,506
NRG Energy Inc
 
267,860
35,970,919
 
  
  
43,374,425
Independent Power and Renewable Electricity Producers - 0.2%
  
  
  
Talen Energy Corp (b)
  
41,508
13,867,823
Vistra Corp
 
442,910
65,634,833
 
  
  
79,502,656
TOTAL UTILITIES
  
  
122,877,081
TOTAL UNITED STATES
  
  
41,997,528,929
 
TOTAL COMMON STOCKS
 (Cost $25,578,586,584)
  
  
  
42,262,654,037
 
  
  
  
U.S. Treasury Obligations - 0.0%
 
  
Yield (%) (e)
Principal
Amount (a)
 
Value ($)
 
US Treasury Bills 0% 8/13/2026 (f)
 (Cost $3,861,347)
  
3.64
3,866,000
3,862,129
 
  
  
  
  
Money Market Funds - 0.2%
 
  
Yield (%)
Shares
Value ($)
 
Fidelity Cash Central Fund (g)
  
3.69
65,585,281
65,598,398
Fidelity Securities Lending Cash Central Fund (g)(h)
  
3.72
29,341,799
29,344,733
 
TOTAL MONEY MARKET FUNDS
 (Cost $94,941,264)
  
  
  
94,943,131
 
  
  
  
  
 
TOTAL INVESTMENT IN SECURITIES - 100.0%
 (Cost $25,677,389,195)
 
  
 
42,361,459,297
NET OTHER ASSETS (LIABILITIES) - 0.0% (d)
(2,955,914)
NET ASSETS - 100.0%
42,358,503,383
 
  
 
 
Futures Contracts 
 
Number
of contracts
Expiration
Date
Notional
Amount ($)
 
Value and Unrealized
Appreciation/
(Depreciation) ($)
 
LONG
  
  
  
  
CME E-Mini Nasdaq 100 Index Contracts (United States)
108
9/2026
61,353,180
(1,299,186)
CME E-Mini S&P 500 Index Contracts (United States)
52
9/2026
19,550,050
122,146
TOTAL LONG
  
  
  
(1,177,040)

Legend
 
(a)
Amount is stated in United States dollars unless otherwise noted.
 
(b)
Non-income producing.
 
(c)
Security or a portion of the security is on loan at period end.
 
(d)
Includes $1,135,644 of cash collateral to cover margin requirements for futures contracts.
 
(e)
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.
 
(f)
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 $3,862,129.
 
(g)
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.
 
(h)
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 $136,949,687.
 
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
73,021,306
1,436,141,464
1,443,570,029
753,020
3,790
1,867
65,598,398
65,585,281
Fidelity Securities Lending Cash Central Fund
79,464,784
197,717,210
247,837,261
185,401
-
-
29,344,733
29,341,799
 
152,486,090
1,633,858,674
1,691,407,290
938,421
3,790
1,867
94,943,131
  
 
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.
 
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 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.
 
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 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.
 
Derivative Instruments
Risk Exposures and the Use of Derivative Instruments: The Fund's investment objectives allow the Fund to enter into various types of derivative contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.
 
The Fund used derivatives to increase returns, to gain exposure to certain types of assets and/or to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Fund may not achieve its objectives.  
 
The Fund's use of derivatives increased or decreased its exposure to the following risk(s):
 
Equity Risk - Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment.
 
Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.  
 
Futures Contracts: A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a specified price at a specified future date.
 
The Fund used futures contracts to manage its exposure to the stock market.
 
Open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The underlying face amount at value reflects each contract's exposure to the underlying instrument or index at period end. Any securities and/or cash deposited to meet initial margin requirements are identified in the Schedule of Investments.
 
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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