Quarterly Holdings Report
for
Fidelity® Small Cap Stock Fund
July 31, 2020
SLC-QTLY-0920
1.804879.116
Schedule of Investments July 31, 2020 (Unaudited)
Showing Percentage of Net Assets
Common Stocks - 99.2% | |||
Shares | Value (000s) | ||
COMMUNICATION SERVICES - 6.6% | |||
Diversified Telecommunication Services - 2.0% | |||
Alaska Communication Systems Group, Inc. | 507,441 | $1,157 | |
Consolidated Communications Holdings, Inc. (a)(b) | 867,272 | 6,331 | |
GCI Liberty, Inc. (a) | 205,400 | 16,101 | |
LICT Corp. (a) | 45 | 808 | |
24,397 | |||
Entertainment - 0.3% | |||
Glu Mobile, Inc. (a) | 335,000 | 3,162 | |
Stillfront Group AB (a) | 9,200 | 892 | |
4,054 | |||
Interactive Media & Services - 1.9% | |||
ANGI Homeservices, Inc. Class A (a)(b) | 1,266,526 | 19,998 | |
Zoominfo Technologies, Inc. | 87,400 | 3,572 | |
23,570 | |||
Media - 2.4% | |||
AMC Networks, Inc. Class A (a)(b) | 220,000 | 5,082 | |
Cogeco Communications, Inc. (b) | 294,185 | 22,424 | |
Nexstar Broadcasting Group, Inc. Class A | 30,000 | 2,630 | |
30,136 | |||
TOTAL COMMUNICATION SERVICES | 82,157 | ||
CONSUMER DISCRETIONARY - 17.3% | |||
Diversified Consumer Services - 3.0% | |||
Career Education Corp. (a) | 2,049,111 | 29,507 | |
Graham Holdings Co. | 15,411 | 6,139 | |
Universal Technical Institute, Inc. (a) | 237,205 | 1,762 | |
37,408 | |||
Hotels, Restaurants & Leisure - 0.3% | |||
International Game Technology PLC (b) | 426,209 | 4,202 | |
Household Durables - 4.9% | |||
Legacy Housing Corp. (a) | 433,634 | 5,958 | |
LGI Homes, Inc. (a) | 288,986 | 32,978 | |
TRI Pointe Homes, Inc. (a) | 476,354 | 7,965 | |
Tupperware Brands Corp. | 620,000 | 9,567 | |
Turtle Beach Corp. (a)(b) | 220,000 | 4,035 | |
60,503 | |||
Internet & Direct Marketing Retail - 6.0% | |||
1-800-FLOWERS.com, Inc. Class A (a)(b) | 331,694 | 9,370 | |
Bygghemma Group First AB (a) | 1,543,705 | 19,129 | |
Duluth Holdings, Inc. (a)(b) | 200,049 | 1,478 | |
Kogan.Com Ltd. | 2,622,339 | 31,213 | |
Stamps.com, Inc. (a) | 20,000 | 5,206 | |
Temple & Webster Group Ltd. (a)(b) | 1,018,924 | 5,474 | |
Verkkokauppa.Com Oyj | 521,682 | 3,183 | |
75,053 | |||
Specialty Retail - 3.1% | |||
Aaron's, Inc. Class A | 70,000 | 3,653 | |
Lyko Group AB (A Shares) (a) | 269,068 | 9,132 | |
Michaels Companies, Inc. (a)(b) | 1,847,300 | 13,264 | |
Musti Group OYJ | 628,334 | 12,731 | |
38,780 | |||
TOTAL CONSUMER DISCRETIONARY | 215,946 | ||
CONSUMER STAPLES - 4.2% | |||
Food & Staples Retailing - 2.3% | |||
BJ's Wholesale Club Holdings, Inc. (a) | 466,705 | 18,692 | |
Performance Food Group Co. (a) | 164,214 | 4,601 | |
SpartanNash Co. | 286,100 | 6,015 | |
29,308 | |||
Food Products - 0.4% | |||
Armanino Foods of Distinction | 377,324 | 826 | |
John B. Sanfilippo & Son, Inc. | 22,661 | 1,998 | |
Seaboard Corp. | 1,000 | 2,703 | |
5,527 | |||
Household Products - 0.7% | |||
Central Garden & Pet Co. Class A (non-vtg.) (a) | 48,134 | 1,668 | |
Spectrum Brands Holdings, Inc. | 124,667 | 6,752 | |
8,420 | |||
Personal Products - 0.5% | |||
Nu Skin Enterprises, Inc. Class A | 145,381 | 6,520 | |
Tobacco - 0.3% | |||
Turning Point Brands, Inc. | 100,000 | 3,288 | |
TOTAL CONSUMER STAPLES | 53,063 | ||
ENERGY - 0.9% | |||
Energy Equipment & Services - 0.3% | |||
Oil States International, Inc. (a) | 487,228 | 2,183 | |
Profire Energy, Inc. (a) | 1,877,273 | 1,539 | |
3,722 | |||
Oil, Gas & Consumable Fuels - 0.6% | |||
NACCO Industries, Inc. Class A | 126,492 | 2,763 | |
Texas Pacific Land Trust | 10,379 | 5,532 | |
8,295 | |||
TOTAL ENERGY | 12,017 | ||
FINANCIALS - 15.7% | |||
Capital Markets - 4.5% | |||
Ares Management Corp. | 354,180 | 14,146 | |
Assetmark Financial Holdings, Inc. (a)(b) | 138,368 | 3,854 | |
Euronext NV (c) | 35,100 | 4,006 | |
Impax Asset Management Group PLC | 2,058,827 | 10,672 | |
LPL Financial | 247,092 | 19,525 | |
Morningstar, Inc. | 20,848 | 3,503 | |
55,706 | |||
Consumer Finance - 6.1% | |||
Encore Capital Group, Inc. (a)(b) | 890,899 | 32,545 | |
First Cash Financial Services, Inc. | 158,557 | 9,139 | |
LendingTree, Inc. (a)(b) | 91,304 | 31,618 | |
Nelnet, Inc. Class A | 49,193 | 2,853 | |
76,155 | |||
Diversified Financial Services - 1.2% | |||
Hypoport AG (a) | 18,308 | 8,616 | |
Jefferies Financial Group, Inc. | 364,728 | 5,909 | |
14,525 | |||
Insurance - 3.1% | |||
First American Financial Corp. | 205,234 | 10,469 | |
GoHealth, Inc. (a)(b) | 157,200 | 2,790 | |
Primerica, Inc. | 215,709 | 25,812 | |
39,071 | |||
Thrifts & Mortgage Finance - 0.8% | |||
Greene County Bancorp, Inc. | 4,581 | 99 | |
NMI Holdings, Inc. (a) | 640,260 | 9,937 | |
10,036 | |||
TOTAL FINANCIALS | 195,493 | ||
HEALTH CARE - 18.5% | |||
Biotechnology - 0.9% | |||
BioGaia AB | 10,771 | 688 | |
Bioventix PLC | 38,989 | 2,029 | |
Emergent BioSolutions, Inc. (a) | 65,600 | 7,297 | |
Essex Bio-Technology Ltd. | 2,394,000 | 1,520 | |
11,534 | |||
Health Care Equipment & Supplies - 4.5% | |||
Hamilton Thorne Ltd. (a) | 2,687,200 | 2,688 | |
Medistim ASA (a) | 186,927 | 4,826 | |
Meridian Bioscience, Inc. (a) | 819,069 | 20,059 | |
Quidel Corp. (a) | 16,700 | 4,717 | |
Semler Scientific, Inc. (a) | 91,986 | 5,105 | |
TransMedics Group, Inc. (a) | 149,964 | 2,708 | |
Tristel PLC | 1,230,891 | 6,646 | |
Utah Medical Products, Inc. | 120,201 | 9,796 | |
56,545 | |||
Health Care Providers & Services - 6.7% | |||
Chemed Corp. | 53,510 | 26,337 | |
DFB Healthcare Acquisitions Co. (a)(b) | 754,785 | 14,703 | |
Encompass Health Corp. | 246,258 | 16,765 | |
InfuSystems Holdings, Inc. (a) | 437,529 | 5,342 | |
Magellan Health Services, Inc. (a) | 65,000 | 4,821 | |
Patterson Companies, Inc. (b) | 34,100 | 906 | |
Sharps Compliance Corp. (a)(b) | 247,333 | 1,892 | |
Viemed Healthcare, Inc. (a) | 1,207,356 | 13,106 | |
83,872 | |||
Health Care Technology - 2.8% | |||
Inovalon Holdings, Inc. Class A (a)(b) | 1,171,694 | 27,570 | |
Instem PLC (a) | 202,559 | 1,346 | |
Medley, Inc. (a)(b) | 185,200 | 5,238 | |
34,154 | |||
Life Sciences Tools & Services - 2.9% | |||
10X Genomics, Inc. (a) | 33,316 | 3,277 | |
Berkeley Lights, Inc. (a) | 1,600 | 96 | |
Charles River Laboratories International, Inc. (a) | 92,816 | 18,469 | |
Diaceutics PLC (a) | 925,100 | 2,210 | |
ICON PLC (a) | 64,856 | 12,028 | |
36,080 | |||
Pharmaceuticals - 0.7% | |||
Allovir, Inc. (a) | 7,100 | 177 | |
BioSyent, Inc. (a)(d) | 681,808 | 3,090 | |
Dechra Pharmaceuticals PLC | 132,892 | 4,968 | |
8,235 | |||
TOTAL HEALTH CARE | 230,420 | ||
INDUSTRIALS - 11.6% | |||
Aerospace & Defense - 0.2% | |||
PAE, Inc. (a)(b) | 281,618 | 2,219 | |
Building Products - 0.8% | |||
Builders FirstSource, Inc. (a) | 445,000 | 10,542 | |
Commercial Services & Supplies - 2.1% | |||
Boyd Group Services, Inc. | 53,109 | 7,755 | |
Sdiptech AB (a) | 511,484 | 9,146 | |
Self Storage Group ASA (a) | 1,417,041 | 3,736 | |
VSE Corp. (b) | 209,729 | 5,900 | |
26,537 | |||
Machinery - 1.5% | |||
Allison Transmission Holdings, Inc. | 83,953 | 3,136 | |
Hurco Companies, Inc. | 242,962 | 6,740 | |
NN, Inc. | 582,158 | 3,062 | |
Park-Ohio Holdings Corp. | 140,108 | 2,020 | |
Snap-On, Inc. | 22,000 | 3,209 | |
18,167 | |||
Marine - 0.2% | |||
SITC International Holdings Co. Ltd. | 2,200,000 | 2,206 | |
Professional Services - 5.8% | |||
Barrett Business Services, Inc. | 120,895 | 6,369 | |
CBIZ, Inc. (a) | 240,936 | 5,826 | |
Franklin Covey Co. (a) | 456,522 | 8,258 | |
Insperity, Inc. | 487,963 | 32,625 | |
Red Violet, Inc. (a)(b) | 130,624 | 2,000 | |
SHL-JAPAN Ltd. | 52,700 | 1,042 | |
Talenom OYJ (b) | 988,814 | 11,065 | |
Upwork, Inc. (a) | 370,000 | 5,557 | |
72,742 | |||
Trading Companies & Distributors - 1.0% | |||
DXP Enterprises, Inc. (a) | 9,130 | 154 | |
GMS, Inc. (a) | 186,031 | 4,359 | |
WESCO International, Inc. (a) | 200,000 | 7,774 | |
12,287 | |||
TOTAL INDUSTRIALS | 144,700 | ||
INFORMATION TECHNOLOGY - 15.8% | |||
Electronic Equipment & Components - 4.3% | |||
FLIR Systems, Inc. | 98,000 | 4,083 | |
Insight Enterprises, Inc. (a) | 400,955 | 19,984 | |
SYNNEX Corp. | 235,191 | 29,338 | |
53,405 | |||
IT Services - 2.2% | |||
BASE, Inc. (b) | 60,200 | 3,685 | |
Bouvet ASA | 58,979 | 3,383 | |
Computer Services, Inc. | 152,341 | 8,722 | |
Liberated Syndication, Inc. (a)(b) | 188,701 | 560 | |
Perspecta, Inc. | 211,119 | 4,518 | |
Prodware | 126,653 | 853 | |
Shift4 Payments, Inc. | 3,700 | 142 | |
Sylogist Ltd. | 678,100 | 5,797 | |
27,660 | |||
Semiconductors & Semiconductor Equipment - 1.4% | |||
ON Semiconductor Corp. (a) | 600,000 | 12,360 | |
Synaptics, Inc. (a) | 70,000 | 5,601 | |
17,961 | |||
Software - 7.9% | |||
24sevenoffice Scandinavia AB (a) | 1,857,215 | 6,240 | |
Admicom OYJ | 134,942 | 12,144 | |
Aspen Technology, Inc. (a) | 19,000 | 1,848 | |
ChannelAdvisor Corp. (a) | 360,000 | 7,333 | |
Ebix, Inc. (b) | 262,044 | 5,779 | |
Elmo Software Ltd. (a) | 809,049 | 3,919 | |
Energy One Ltd. | 19,823 | 55 | |
Enghouse Systems Ltd. | 146,147 | 8,283 | |
Essensys Group Ltd. PLC (a) | 383,887 | 754 | |
Fabasoft AG | 10,451 | 330 | |
Freee KK (a) | 6,400 | 288 | |
GetBusy PLC (a) | 2,315,000 | 2,424 | |
Globalscape, Inc. | 34,639 | 330 | |
Kaonavi, Inc. (a)(b) | 17,900 | 731 | |
LeadDesk Oyj (a) | 13,973 | 214 | |
Lightspeed POS, Inc. (a) | 440,700 | 12,450 | |
Money Forward, Inc. (a) | 31,100 | 2,095 | |
MSL Solutions Ltd. (a) | 11,829,242 | 718 | |
NICE Systems Ltd. sponsored ADR (a)(b) | 80,660 | 16,555 | |
Park City Group, Inc. (a) | 716,360 | 3,130 | |
Smaregi, Inc. (a) | 80,500 | 2,441 | |
Upsales Technology AB (a) | 392,062 | 1,215 | |
Vertex, Inc. (Class A) | 2,200 | 52 | |
Vitec Software Group AB | 84,218 | 2,575 | |
Workiva, Inc. (a) | 110,000 | 6,149 | |
98,052 | |||
TOTAL INFORMATION TECHNOLOGY | 197,078 | ||
MATERIALS - 4.5% | |||
Chemicals - 1.4% | |||
Core Molding Technologies, Inc. (a) | 179,175 | 824 | |
Innospec, Inc. | 228,068 | 17,144 | |
17,968 | |||
Containers & Packaging - 1.8% | |||
Sealed Air Corp. | 170,000 | 6,066 | |
UFP Technologies, Inc. (a) | 267,245 | 11,529 | |
WestRock Co. | 165,000 | 4,432 | |
22,027 | |||
Paper & Forest Products - 1.3% | |||
Schweitzer-Mauduit International, Inc. | 506,302 | 16,470 | |
TOTAL MATERIALS | 56,465 | ||
REAL ESTATE - 3.0% | |||
Equity Real Estate Investment Trusts (REITs) - 0.8% | |||
Armada Hoffler Properties, Inc. | 178,362 | 1,719 | |
Gaming & Leisure Properties | 136,164 | 4,930 | |
Lamar Advertising Co. Class A | 45,000 | 2,958 | |
9,607 | |||
Real Estate Management & Development - 2.2% | |||
Colliers International Group, Inc. | 30,000 | 1,623 | |
Jones Lang LaSalle, Inc. | 136,000 | 13,452 | |
Mainstreet Equity Corp. (a) | 32,100 | 1,636 | |
Newmark Group, Inc. | 600,000 | 2,442 | |
Real Matters, Inc. (a) | 220,000 | 4,895 | |
The RMR Group, Inc. | 122,060 | 3,510 | |
27,558 | |||
TOTAL REAL ESTATE | 37,165 | ||
UTILITIES - 1.1% | |||
Electric Utilities - 0.6% | |||
IDACORP, Inc. | 85,000 | 7,926 | |
Gas Utilities - 0.5% | |||
Chesapeake Utilities Corp. | 70,301 | 5,940 | |
TOTAL UTILITIES | 13,866 | ||
TOTAL COMMON STOCKS | |||
(Cost $992,438) | 1,238,370 | ||
Money Market Funds - 10.6% | |||
Fidelity Cash Central Fund 0.14% (e) | 9,330,047 | 9,333 | |
Fidelity Securities Lending Cash Central Fund 0.13% (e)(f) | 122,379,584 | 122,392 | |
TOTAL MONEY MARKET FUNDS | |||
(Cost $131,725) | 131,725 | ||
TOTAL INVESTMENT IN SECURITIES - 109.8% | |||
(Cost $1,124,163) | 1,370,095 | ||
NET OTHER ASSETS (LIABILITIES) - (9.8)% | (122,431) | ||
NET ASSETS - 100% | $1,247,664 |
Legend
(a) Non-income producing
(b) Security or a portion of the security is on loan at period end.
(c) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $4,006,000 or 0.3% of net assets.
(d) Affiliated company
(e) 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.
(f) Investment made with cash collateral received from securities on loan.
Affiliated Central Funds
Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:
Fund | Income earned |
(Amounts in thousands) | |
Fidelity Cash Central Fund | $2 |
Fidelity Securities Lending Cash Central Fund | 258 |
Total | $260 |
Amounts in the income column in the above table include any capital gain distributions from underlying funds. Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.
Other Affiliated Issuers
An affiliated company is a company in which the Fund has ownership of at least 5% of the voting securities. Fiscal year to date transactions with companies which are or were affiliates are as follows:
Affiliate (Amounts in thousands) | Value, beginning of period | Purchases | Sales Proceeds | Dividend Income | Realized Gain (loss) | Change in Unrealized appreciation (depreciation) | Value, end of period |
BioSyent, Inc. | $1,998 | $-- | $-- | $-- | $-- | $1,092 | $3,090 |
Total | $1,998 | $-- | $-- | $-- | $-- | $1,092 | $3,090 |
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.
Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.
For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.
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