Quarterly Holdings Report
for
Fidelity ZERO℠ Large Cap Index Fund
July 31, 2021
LCX-QTLY-0921
1.9891463.102
Schedule of Investments July 31, 2021 (Unaudited)
Showing Percentage of Net Assets
Common Stocks - 99.8% | |||
Shares | Value | ||
COMMUNICATION SERVICES - 11.5% | |||
Diversified Telecommunication Services - 1.1% | |||
AT&T, Inc. | 827,114 | $23,200,548 | |
Verizon Communications, Inc. | 479,940 | 26,771,053 | |
49,971,601 | |||
Entertainment - 1.9% | |||
Activision Blizzard, Inc. | 89,839 | 7,512,337 | |
Electronic Arts, Inc. | 33,350 | 4,801,066 | |
Netflix, Inc. (a) | 51,364 | 26,584,465 | |
Roku, Inc. Class A (a) | 12,882 | 5,517,489 | |
Take-Two Interactive Software, Inc. (a) | 13,375 | 2,319,493 | |
The Walt Disney Co. (a) | 210,531 | 37,057,667 | |
83,792,517 | |||
Interactive Media & Services - 7.0% | |||
Alphabet, Inc.: | |||
Class A (a) | 34,885 | 93,998,679 | |
Class C (a) | 33,425 | 90,395,239 | |
Facebook, Inc. Class A (a) | 278,977 | 99,399,505 | |
IAC (a) | 9,630 | 1,322,103 | |
Match Group, Inc. (a) | 31,192 | 4,967,950 | |
Pinterest, Inc. Class A (a) | 61,743 | 3,636,663 | |
Snap, Inc. Class A (a) | 107,530 | 8,002,383 | |
Twitter, Inc. (a) | 92,562 | 6,456,200 | |
Vimeo, Inc. (a) | 15,561 | 697,133 | |
Zillow Group, Inc.: | |||
Class A (a) | 4,291 | 459,695 | |
Class C (a) | 17,857 | 1,897,485 | |
311,233,035 | |||
Media - 1.3% | |||
Charter Communications, Inc. Class A (a) | 16,402 | 12,203,908 | |
Comcast Corp. Class A | 530,165 | 31,189,607 | |
Discovery Communications, Inc.: | |||
Class A (a) | 19,038 | 552,292 | |
Class C (non-vtg.) (a) | 33,527 | 908,917 | |
Fox Corp.: | |||
Class A | 38,887 | 1,386,710 | |
Class B | 17,805 | 591,838 | |
Liberty Broadband Corp.: | |||
Class A (a) | 2,797 | 480,161 | |
Class C (a) | 24,469 | 4,343,003 | |
Liberty Media Corp.: | |||
Liberty Braves Class A (a) | 1,356 | 35,988 | |
Liberty Braves Class C (a) | 3,842 | 101,621 | |
Liberty Formula One Group Series C (a) | 23,516 | 1,103,606 | |
Liberty Media Class A (a) | 2,978 | 123,468 | |
Liberty SiriusXM Series A (a) | 9,648 | 450,465 | |
Liberty SiriusXM Series C (a) | 19,804 | 914,945 | |
Omnicom Group, Inc. | 24,869 | 1,810,961 | |
ViacomCBS, Inc.: | |||
Class A (b) | 3,230 | 143,832 | |
Class B | 65,894 | 2,697,041 | |
59,038,363 | |||
Wireless Telecommunication Services - 0.2% | |||
T-Mobile U.S., Inc. (a) | 67,743 | 9,756,347 | |
TOTAL COMMUNICATION SERVICES | 513,791,863 | ||
CONSUMER DISCRETIONARY - 11.6% | |||
Auto Components - 0.1% | |||
Aptiv PLC (a) | 31,313 | 5,224,574 | |
Automobiles - 1.7% | |||
Ford Motor Co. (a) | 453,166 | 6,321,666 | |
General Motors Co. (a) | 147,044 | 8,357,981 | |
Tesla, Inc. (a) | 89,056 | 61,199,283 | |
75,878,930 | |||
Distributors - 0.1% | |||
Genuine Parts Co. | 16,767 | 2,128,068 | |
Pool Corp. | 4,668 | 2,230,464 | |
4,358,532 | |||
Diversified Consumer Services - 0.0% | |||
Chegg, Inc. (a)(b) | 16,321 | 1,446,530 | |
Hotels, Restaurants & Leisure - 1.9% | |||
Booking Holdings, Inc. (a) | 4,751 | 10,348,913 | |
Caesars Entertainment, Inc. (a) | 24,186 | 2,112,889 | |
Carnival Corp. (a)(b) | 92,598 | 2,004,747 | |
Chipotle Mexican Grill, Inc. (a) | 3,264 | 6,082,268 | |
Darden Restaurants, Inc. | 15,086 | 2,200,746 | |
Domino's Pizza, Inc. | 4,504 | 2,366,807 | |
DraftKings, Inc. Class A (a)(b) | 37,406 | 1,814,191 | |
Expedia, Inc. (a) | 16,041 | 2,580,516 | |
Hilton Worldwide Holdings, Inc. (a) | 32,195 | 4,232,033 | |
Las Vegas Sands Corp. (a) | 38,078 | 1,612,603 | |
Marriott International, Inc. Class A (a) | 30,851 | 4,503,629 | |
McDonald's Corp. | 86,476 | 20,988,590 | |
MGM Resorts International | 47,615 | 1,786,991 | |
Penn National Gaming, Inc. (a) | 17,172 | 1,174,221 | |
Royal Caribbean Cruises Ltd. (a) | 25,334 | 1,947,425 | |
Starbucks Corp. | 136,547 | 16,580,902 | |
Yum! Brands, Inc. | 34,804 | 4,572,898 | |
86,910,369 | |||
Household Durables - 0.3% | |||
D.R. Horton, Inc. | 38,372 | 3,661,840 | |
Garmin Ltd. | 17,326 | 2,723,647 | |
Lennar Corp.: | |||
Class A | 31,011 | 3,260,807 | |
Class B | 2,796 | 241,435 | |
NVR, Inc. (a) | 402 | 2,099,485 | |
PulteGroup, Inc. | 30,902 | 1,695,593 | |
13,682,807 | |||
Internet & Direct Marketing Retail - 3.9% | |||
Amazon.com, Inc. (a) | 49,642 | 165,188,223 | |
eBay, Inc. | 74,962 | 5,113,158 | |
Etsy, Inc. (a) | 14,616 | 2,682,182 | |
Wayfair LLC Class A (a)(b) | 8,488 | 2,048,664 | |
175,032,227 | |||
Leisure Products - 0.1% | |||
Hasbro, Inc. | 14,832 | 1,474,894 | |
Peloton Interactive, Inc. Class A (a) | 30,572 | 3,609,025 | |
5,083,919 | |||
Multiline Retail - 0.6% | |||
Dollar General Corp. | 28,414 | 6,610,233 | |
Dollar Tree, Inc. (a) | 27,270 | 2,721,273 | |
Target Corp. | 58,091 | 15,164,656 | |
24,496,162 | |||
Specialty Retail - 2.2% | |||
AutoZone, Inc. (a) | 2,572 | 4,175,822 | |
Best Buy Co., Inc. | 26,721 | 3,002,104 | |
Burlington Stores, Inc. (a) | 7,682 | 2,571,934 | |
CarMax, Inc. (a) | 18,849 | 2,524,824 | |
Carvana Co. Class A (a) | 7,267 | 2,453,049 | |
Lowe's Companies, Inc. | 84,777 | 16,335,680 | |
O'Reilly Automotive, Inc. (a) | 8,142 | 4,916,465 | |
Ross Stores, Inc. | 41,282 | 5,064,889 | |
The Home Depot, Inc. | 124,861 | 40,978,132 | |
TJX Companies, Inc. | 139,234 | 9,580,692 | |
Tractor Supply Co. | 13,488 | 2,440,384 | |
Ulta Beauty, Inc. (a) | 6,545 | 2,197,811 | |
96,241,786 | |||
Textiles, Apparel & Luxury Goods - 0.7% | |||
lululemon athletica, Inc. (a) | 13,755 | 5,504,338 | |
NIKE, Inc. Class B | 147,464 | 24,701,695 | |
VF Corp. | 37,249 | 2,987,370 | |
33,193,403 | |||
TOTAL CONSUMER DISCRETIONARY | 521,549,239 | ||
CONSUMER STAPLES - 5.6% | |||
Beverages - 1.4% | |||
Brown-Forman Corp. Class B (non-vtg.) | 21,246 | 1,506,766 | |
Constellation Brands, Inc. Class A (sub. vtg.) | 19,716 | 4,423,087 | |
Keurig Dr. Pepper, Inc. | 66,922 | 2,356,324 | |
Monster Beverage Corp. (a) | 42,864 | 4,042,932 | |
PepsiCo, Inc. | 160,005 | 25,112,785 | |
The Coca-Cola Co. | 449,811 | 25,652,721 | |
63,094,615 | |||
Food & Staples Retailing - 1.3% | |||
Costco Wholesale Corp. | 51,339 | 22,061,395 | |
Kroger Co. | 88,285 | 3,593,200 | |
Sysco Corp. | 59,183 | 4,391,379 | |
Walgreens Boots Alliance, Inc. | 83,155 | 3,920,758 | |
Walmart, Inc. | 160,791 | 22,920,757 | |
56,887,489 | |||
Food Products - 0.8% | |||
Archer Daniels Midland Co. | 64,753 | 3,867,049 | |
Conagra Brands, Inc. | 56,533 | 1,893,290 | |
General Mills, Inc. | 70,902 | 4,173,292 | |
Hormel Foods Corp. | 32,651 | 1,514,353 | |
Kellogg Co. | 29,453 | 1,866,142 | |
McCormick & Co., Inc. (non-vtg.) | 28,882 | 2,430,998 | |
Mondelez International, Inc. | 163,781 | 10,360,786 | |
The Hershey Co. | 16,994 | 3,039,887 | |
The J.M. Smucker Co. | 12,732 | 1,669,293 | |
The Kraft Heinz Co. | 75,182 | 2,892,252 | |
Tyson Foods, Inc. Class A | 34,181 | 2,442,574 | |
36,149,916 | |||
Household Products - 1.3% | |||
Church & Dwight Co., Inc. | 28,458 | 2,463,894 | |
Colgate-Palmolive Co. | 98,400 | 7,822,800 | |
Kimberly-Clark Corp. | 39,194 | 5,319,410 | |
Procter & Gamble Co. | 285,594 | 40,620,035 | |
The Clorox Co. | 14,582 | 2,637,738 | |
58,863,877 | |||
Personal Products - 0.2% | |||
Estee Lauder Companies, Inc. Class A | 26,644 | 8,894,567 | |
Tobacco - 0.6% | |||
Altria Group, Inc. | 215,556 | 10,355,310 | |
Philip Morris International, Inc. | 180,612 | 18,077,455 | |
28,432,765 | |||
TOTAL CONSUMER STAPLES | 252,323,229 | ||
ENERGY - 2.4% | |||
Energy Equipment & Services - 0.2% | |||
Baker Hughes Co. Class A | 84,532 | 1,795,460 | |
Halliburton Co. | 103,026 | 2,130,578 | |
Schlumberger Ltd. | 162,163 | 4,675,159 | |
8,601,197 | |||
Oil, Gas & Consumable Fuels - 2.2% | |||
Cheniere Energy, Inc. (a) | 26,774 | 2,273,916 | |
Chevron Corp. | 223,959 | 22,801,266 | |
ConocoPhillips Co. | 157,111 | 8,807,643 | |
DT Midstream, Inc. (a) | 11,316 | 479,798 | |
EOG Resources, Inc. | 67,675 | 4,930,801 | |
Exxon Mobil Corp. | 490,987 | 28,266,122 | |
Hess Corp. | 31,693 | 2,422,613 | |
Kinder Morgan, Inc. | 225,773 | 3,923,935 | |
Marathon Petroleum Corp. | 73,715 | 4,070,542 | |
Occidental Petroleum Corp. | 97,223 | 2,537,520 | |
ONEOK, Inc. | 51,602 | 2,681,756 | |
Phillips 66 Co. | 50,642 | 3,718,642 | |
Pioneer Natural Resources Co. | 23,858 | 3,468,237 | |
The Williams Companies, Inc. | 140,757 | 3,525,963 | |
Valero Energy Corp. | 47,370 | 3,172,369 | |
97,081,123 | |||
TOTAL ENERGY | 105,682,320 | ||
FINANCIALS - 10.7% | |||
Banks - 3.9% | |||
Bank of America Corp. | 881,102 | 33,799,073 | |
Citigroup, Inc. | 242,076 | 16,369,179 | |
Citizens Financial Group, Inc. | 49,212 | 2,074,778 | |
Fifth Third Bancorp | 82,440 | 2,991,748 | |
First Republic Bank | 20,411 | 3,980,553 | |
Huntington Bancshares, Inc./Ohio | 171,434 | 2,413,791 | |
JPMorgan Chase & Co. | 353,913 | 53,716,915 | |
KeyCorp | 112,303 | 2,207,877 | |
M&T Bank Corp. | 14,936 | 1,999,184 | |
PNC Financial Services Group, Inc. | 49,176 | 8,970,194 | |
Regions Financial Corp. | 111,366 | 2,143,796 | |
SVB Financial Group (a) | 6,476 | 3,561,541 | |
Truist Financial Corp. | 156,240 | 8,504,143 | |
U.S. Bancorp | 158,535 | 8,805,034 | |
Wells Fargo & Co. | 479,463 | 22,026,530 | |
173,564,336 | |||
Capital Markets - 3.1% | |||
Ameriprise Financial, Inc. | 13,538 | 3,486,847 | |
Bank of New York Mellon Corp. | 93,562 | 4,802,537 | |
BlackRock, Inc. Class A | 16,463 | 14,276,220 | |
Charles Schwab Corp. | 173,558 | 11,793,266 | |
CME Group, Inc. | 41,636 | 8,832,245 | |
Goldman Sachs Group, Inc. | 39,904 | 14,959,212 | |
Intercontinental Exchange, Inc. | 65,148 | 7,806,685 | |
KKR & Co. LP | 66,872 | 4,263,759 | |
MarketAxess Holdings, Inc. | 4,410 | 2,095,500 | |
Moody's Corp. | 18,661 | 7,016,536 | |
Morgan Stanley | 174,043 | 16,704,647 | |
MSCI, Inc. | 9,577 | 5,707,509 | |
NASDAQ, Inc. | 13,378 | 2,498,074 | |
Northern Trust Corp. | 24,154 | 2,725,779 | |
Raymond James Financial, Inc. | 14,207 | 1,839,522 | |
S&P Global, Inc. | 27,915 | 11,967,719 | |
State Street Corp. | 40,795 | 3,554,876 | |
T. Rowe Price Group, Inc. | 26,434 | 5,396,765 | |
The Blackstone Group LP | 79,315 | 9,142,640 | |
138,870,338 | |||
Consumer Finance - 0.7% | |||
Ally Financial, Inc. | 43,403 | 2,229,178 | |
American Express Co. | 75,681 | 12,905,881 | |
Capital One Financial Corp. | 53,264 | 8,612,789 | |
Discover Financial Services | 35,569 | 4,421,938 | |
Synchrony Financial | 62,975 | 2,961,085 | |
31,130,871 | |||
Diversified Financial Services - 1.4% | |||
Berkshire Hathaway, Inc. Class B (a) | 221,139 | 61,540,772 | |
Insurance - 1.6% | |||
AFLAC, Inc. | 74,290 | 4,085,950 | |
Allstate Corp. | 35,129 | 4,568,526 | |
American International Group, Inc. | 100,296 | 4,749,016 | |
Aon PLC | 26,209 | 6,815,126 | |
Arch Capital Group Ltd. (a) | 46,722 | 1,822,158 | |
Arthur J. Gallagher & Co. | 23,761 | 3,310,145 | |
Chubb Ltd. | 52,217 | 8,811,097 | |
Cincinnati Financial Corp. | 17,346 | 2,044,746 | |
Hartford Financial Services Group, Inc. | 41,463 | 2,637,876 | |
Markel Corp. (a) | 1,595 | 1,923,841 | |
Marsh & McLennan Companies, Inc. | 58,944 | 8,677,736 | |
MetLife, Inc. | 87,183 | 5,030,459 | |
Principal Financial Group, Inc. | 29,397 | 1,826,436 | |
Progressive Corp. | 67,931 | 6,464,314 | |
Prudential Financial, Inc. | 46,051 | 4,617,994 | |
The Travelers Companies, Inc. | 29,250 | 4,355,910 | |
Willis Towers Watson PLC | 14,954 | 3,081,720 | |
74,823,050 | |||
TOTAL FINANCIALS | 479,929,367 | ||
HEALTH CARE - 13.6% | |||
Biotechnology - 2.1% | |||
AbbVie, Inc. | 204,788 | 23,816,844 | |
Alnylam Pharmaceuticals, Inc. (a) | 13,577 | 2,429,468 | |
Amgen, Inc. | 66,977 | 16,177,625 | |
Biogen, Inc. (a) | 17,666 | 5,772,012 | |
BioMarin Pharmaceutical, Inc. (a) | 21,128 | 1,621,151 | |
Exact Sciences Corp. (a) | 19,620 | 2,115,821 | |
Gilead Sciences, Inc. | 145,706 | 9,950,263 | |
Horizon Therapeutics PLC (a) | 25,976 | 2,598,120 | |
Incyte Corp. (a) | 21,710 | 1,679,269 | |
Moderna, Inc. (a) | 35,236 | 12,459,450 | |
Novavax, Inc. (a)(b) | 7,902 | 1,417,066 | |
Regeneron Pharmaceuticals, Inc. (a) | 12,207 | 7,014,264 | |
Seagen, Inc. (a) | 14,716 | 2,257,287 | |
Vertex Pharmaceuticals, Inc. (a) | 30,143 | 6,076,226 | |
95,384,866 | |||
Health Care Equipment & Supplies - 3.7% | |||
Abbott Laboratories | 205,450 | 24,855,341 | |
Abiomed, Inc. (a) | 5,255 | 1,719,121 | |
Align Technology, Inc. (a) | 8,350 | 5,809,930 | |
Baxter International, Inc. | 58,556 | 4,529,307 | |
Becton, Dickinson & Co. | 33,694 | 8,617,241 | |
Boston Scientific Corp. (a) | 164,334 | 7,493,630 | |
Danaher Corp. | 73,512 | 21,869,085 | |
DexCom, Inc. (a) | 11,152 | 5,748,968 | |
Edwards Lifesciences Corp. (a) | 72,418 | 8,130,369 | |
Hologic, Inc. (a) | 29,909 | 2,244,371 | |
IDEXX Laboratories, Inc. (a) | 9,906 | 6,721,518 | |
Insulet Corp. (a) | 7,674 | 2,146,341 | |
Intuitive Surgical, Inc. (a) | 13,651 | 13,534,420 | |
Masimo Corp. (a) | 5,910 | 1,609,825 | |
Medtronic PLC | 156,339 | 20,528,874 | |
Novocure Ltd. (a)(b) | 9,874 | 1,520,695 | |
ResMed, Inc. | 16,874 | 4,586,353 | |
STERIS PLC | 11,331 | 2,469,591 | |
Stryker Corp. | 37,953 | 10,282,986 | |
Teleflex, Inc. | 5,417 | 2,152,878 | |
The Cooper Companies, Inc. | 5,705 | 2,406,198 | |
West Pharmaceutical Services, Inc. | 8,591 | 3,537,172 | |
Zimmer Biomet Holdings, Inc. | 24,095 | 3,937,605 | |
166,451,819 | |||
Health Care Providers & Services - 2.5% | |||
AmerisourceBergen Corp. | 17,130 | 2,092,772 | |
Anthem, Inc. | 28,403 | 10,907,036 | |
Cardinal Health, Inc. | 33,984 | 2,017,970 | |
Centene Corp. (a) | 67,444 | 4,627,333 | |
Cigna Corp. | 40,803 | 9,363,880 | |
CVS Health Corp. | 152,088 | 12,525,968 | |
Guardant Health, Inc. (a) | 9,860 | 1,082,628 | |
HCA Holdings, Inc. | 30,750 | 7,632,150 | |
Humana, Inc. | 14,944 | 6,364,052 | |
Laboratory Corp. of America Holdings (a) | 11,318 | 3,351,826 | |
McKesson Corp. | 18,439 | 3,758,421 | |
Quest Diagnostics, Inc. | 15,488 | 2,196,198 | |
UnitedHealth Group, Inc. | 109,637 | 45,194,564 | |
111,114,798 | |||
Health Care Technology - 0.3% | |||
Cerner Corp. | 35,497 | 2,853,604 | |
Teladoc Health, Inc. (a)(b) | 15,076 | 2,238,032 | |
Veeva Systems, Inc. Class A (a) | 15,811 | 5,260,478 | |
10,352,114 | |||
Life Sciences Tools & Services - 1.4% | |||
10X Genomics, Inc. (a) | 8,504 | 1,558,188 | |
Agilent Technologies, Inc. | 35,306 | 5,409,938 | |
Avantor, Inc. (a) | 60,017 | 2,255,439 | |
Bio-Rad Laboratories, Inc. Class A (a) | 2,503 | 1,850,994 | |
Bio-Techne Corp. | 4,505 | 2,172,491 | |
Charles River Laboratories International, Inc. (a) | 5,779 | 2,351,591 | |
Illumina, Inc. (a) | 16,919 | 8,387,594 | |
IQVIA Holdings, Inc. (a) | 22,174 | 5,492,500 | |
Mettler-Toledo International, Inc. (a) | 2,713 | 3,998,175 | |
PerkinElmer, Inc. | 13,007 | 2,370,266 | |
Thermo Fisher Scientific, Inc. | 45,668 | 24,661,177 | |
Waters Corp. (a) | 7,208 | 2,809,750 | |
63,318,103 | |||
Pharmaceuticals - 3.6% | |||
Bristol-Myers Squibb Co. | 259,834 | 17,634,934 | |
Catalent, Inc. (a) | 19,747 | 2,365,888 | |
Elanco Animal Health, Inc. (a) | 54,847 | 2,000,270 | |
Eli Lilly & Co. | 92,257 | 22,464,580 | |
Johnson & Johnson | 304,865 | 52,497,753 | |
Merck & Co., Inc. | 293,447 | 22,557,271 | |
Organon & Co. | 29,226 | 847,846 | |
Pfizer, Inc. | 646,867 | 27,692,376 | |
Viatris, Inc. | 140,296 | 1,973,965 | |
Zoetis, Inc. Class A | 55,103 | 11,169,378 | |
161,204,261 | |||
TOTAL HEALTH CARE | 607,825,961 | ||
INDUSTRIALS - 8.1% | |||
Aerospace & Defense - 1.5% | |||
General Dynamics Corp. | 26,896 | 5,272,423 | |
HEICO Corp. | 4,936 | 667,594 | |
HEICO Corp. Class A | 8,518 | 1,033,148 | |
L3Harris Technologies, Inc. | 23,840 | 5,405,482 | |
Lockheed Martin Corp. | 28,587 | 10,624,930 | |
Northrop Grumman Corp. | 17,982 | 6,527,826 | |
Raytheon Technologies Corp. | 176,235 | 15,323,633 | |
Teledyne Technologies, Inc. (a) | 5,387 | 2,439,072 | |
The Boeing Co. (a) | 63,623 | 14,409,337 | |
TransDigm Group, Inc. (a) | 6,342 | 4,065,793 | |
65,769,238 | |||
Air Freight & Logistics - 0.6% | |||
Expeditors International of Washington, Inc. | 19,648 | 2,519,856 | |
FedEx Corp. | 28,281 | 7,917,266 | |
United Parcel Service, Inc. Class B | 83,446 | 15,968,227 | |
26,405,349 | |||
Airlines - 0.2% | |||
Delta Air Lines, Inc. (a) | 73,990 | 2,952,201 | |
Southwest Airlines Co. (a) | 68,502 | 3,460,721 | |
United Airlines Holdings, Inc. (a) | 36,950 | 1,726,304 | |
8,139,226 | |||
Building Products - 0.4% | |||
Carrier Global Corp. | 94,768 | 5,235,932 | |
Fortune Brands Home & Security, Inc. | 16,048 | 1,564,199 | |
Johnson Controls International PLC | 83,533 | 5,965,927 | |
Masco Corp. | 29,806 | 1,779,716 | |
Trane Technologies PLC | 27,652 | 5,630,224 | |
20,175,998 | |||
Commercial Services & Supplies - 0.4% | |||
Cintas Corp. | 10,230 | 4,032,461 | |
Copart, Inc. (a) | 24,117 | 3,545,199 | |
Republic Services, Inc. | 24,412 | 2,889,404 | |
Waste Management, Inc. | 45,155 | 6,694,680 | |
17,161,744 | |||
Electrical Equipment - 0.6% | |||
AMETEK, Inc. | 26,733 | 3,717,224 | |
Eaton Corp. PLC | 46,169 | 7,297,010 | |
Emerson Electric Co. | 69,584 | 7,020,330 | |
Generac Holdings, Inc. (a) | 7,289 | 3,056,715 | |
Plug Power, Inc. (a)(b) | 58,406 | 1,593,316 | |
Rockwell Automation, Inc. | 13,469 | 4,140,640 | |
26,825,235 | |||
Industrial Conglomerates - 1.1% | |||
3M Co. | 67,163 | 13,294,244 | |
General Electric Co. | 1,016,863 | 13,168,376 | |
Honeywell International, Inc. | 80,662 | 18,857,969 | |
Roper Technologies, Inc. | 12,170 | 5,979,608 | |
51,300,197 | |||
Machinery - 1.5% | |||
Caterpillar, Inc. | 63,242 | 13,075,284 | |
Cummins, Inc. | 17,161 | 3,983,068 | |
Deere & Co. | 36,352 | 13,144,520 | |
Dover Corp. | 16,660 | 2,784,219 | |
Fortive Corp. | 39,201 | 2,848,345 | |
IDEX Corp. | 8,787 | 1,991,925 | |
Illinois Tool Works, Inc. | 33,425 | 7,576,445 | |
Ingersoll Rand, Inc. (a) | 43,319 | 2,117,000 | |
Otis Worldwide Corp. | 47,282 | 4,234,103 | |
PACCAR, Inc. | 40,227 | 3,338,439 | |
Parker Hannifin Corp. | 14,968 | 4,670,465 | |
Stanley Black & Decker, Inc. | 18,656 | 3,676,165 | |
Westinghouse Air Brake Co. | 20,629 | 1,750,783 | |
Xylem, Inc. | 20,933 | 2,634,418 | |
67,825,179 | |||
Professional Services - 0.5% | |||
CoStar Group, Inc. (a) | 45,700 | 4,060,445 | |
Equifax, Inc. | 14,125 | 3,680,975 | |
IHS Markit Ltd. | 43,225 | 5,050,409 | |
Jacobs Engineering Group, Inc. | 15,080 | 2,039,570 | |
Leidos Holdings, Inc. | 15,502 | 1,649,723 | |
TransUnion Holding Co., Inc. | 22,113 | 2,654,887 | |
Verisk Analytics, Inc. | 18,878 | 3,585,687 | |
22,721,696 | |||
Road & Rail - 1.1% | |||
CSX Corp. | 265,295 | 8,574,334 | |
Kansas City Southern | 10,535 | 2,821,273 | |
Lyft, Inc. (a) | 29,762 | 1,646,434 | |
Norfolk Southern Corp. | 29,214 | 7,532,246 | |
Old Dominion Freight Lines, Inc. | 11,119 | 2,992,679 | |
Uber Technologies, Inc. (a) | 170,257 | 7,399,369 | |
Union Pacific Corp. | 77,686 | 16,994,589 | |
47,960,924 | |||
Trading Companies & Distributors - 0.2% | |||
Fastenal Co. | 66,606 | 3,648,011 | |
United Rentals, Inc. (a) | 8,371 | 2,758,663 | |
W.W. Grainger, Inc. | 5,108 | 2,270,915 | |
8,677,589 | |||
TOTAL INDUSTRIALS | 362,962,375 | ||
INFORMATION TECHNOLOGY - 29.1% | |||
Communications Equipment - 0.8% | |||
Arista Networks, Inc. (a) | 6,386 | 2,429,171 | |
Cisco Systems, Inc. | 489,609 | 27,109,650 | |
F5 Networks, Inc. (a) | 7,168 | 1,480,264 | |
Motorola Solutions, Inc. | 19,596 | 4,387,936 | |
35,407,021 | |||
Electronic Equipment & Components - 0.6% | |||
Amphenol Corp. Class A | 69,483 | 5,036,823 | |
CDW Corp. | 16,349 | 2,997,589 | |
Cognex Corp. | 20,445 | 1,848,432 | |
Corning, Inc. | 89,103 | 3,729,852 | |
Keysight Technologies, Inc. (a) | 21,580 | 3,550,989 | |
TE Connectivity Ltd. | 38,374 | 5,659,014 | |
Trimble, Inc. (a) | 29,126 | 2,490,273 | |
Zebra Technologies Corp. Class A (a) | 6,200 | 3,425,376 | |
28,738,348 | |||
IT Services - 5.6% | |||
Accenture PLC Class A | 73,559 | 23,368,223 | |
Akamai Technologies, Inc. (a) | 18,937 | 2,270,925 | |
Automatic Data Processing, Inc. | 49,630 | 10,403,937 | |
Broadridge Financial Solutions, Inc. | 13,433 | 2,330,491 | |
Cognizant Technology Solutions Corp. Class A | 61,528 | 4,524,154 | |
EPAM Systems, Inc. (a) | 6,506 | 3,642,059 | |
Fidelity National Information Services, Inc. | 72,032 | 10,736,370 | |
Fiserv, Inc. (a) | 69,068 | 7,950,417 | |
FleetCor Technologies, Inc. (a) | 9,690 | 2,502,152 | |
Gartner, Inc. (a) | 10,289 | 2,723,807 | |
Global Payments, Inc. | 34,237 | 6,621,778 | |
GoDaddy, Inc. (a) | 19,705 | 1,652,264 | |
IBM Corp. | 103,633 | 14,608,108 | |
MasterCard, Inc. Class A | 101,685 | 39,244,309 | |
MongoDB, Inc. Class A (a) | 6,014 | 2,158,545 | |
Okta, Inc. (a)(b) | 14,269 | 3,535,716 | |
Paychex, Inc. | 37,219 | 4,236,267 | |
PayPal Holdings, Inc. (a) | 135,828 | 37,424,689 | |
Square, Inc. (a) | 45,208 | 11,178,130 | |
Twilio, Inc. Class A (a) | 18,559 | 6,933,457 | |
VeriSign, Inc. (a) | 11,542 | 2,497,343 | |
Visa, Inc. Class A | 196,710 | 48,467,377 | |
249,010,518 | |||
Semiconductors & Semiconductor Equipment - 5.6% | |||
Advanced Micro Devices, Inc. (a) | 140,539 | 14,923,836 | |
Analog Devices, Inc. | 42,786 | 7,163,232 | |
Applied Materials, Inc. | 106,429 | 14,892,610 | |
Broadcom, Inc. | 47,348 | 22,982,719 | |
Cree, Inc. (a)(b) | 13,311 | 1,234,728 | |
Enphase Energy, Inc. (a) | 14,962 | 2,836,795 | |
Entegris, Inc. | 15,619 | 1,884,276 | |
Intel Corp. | 471,223 | 25,314,100 | |
KLA Corp. | 17,869 | 6,221,271 | |
Lam Research Corp. | 16,574 | 10,564,433 | |
Marvell Technology, Inc. | 92,185 | 5,578,114 | |
Maxim Integrated Products, Inc. | 31,085 | 3,105,702 | |
Microchip Technology, Inc. | 31,225 | 4,468,922 | |
Micron Technology, Inc. | 129,733 | 10,064,686 | |
Monolithic Power Systems, Inc. | 4,965 | 2,230,576 | |
NVIDIA Corp. | 287,623 | 56,083,609 | |
NXP Semiconductors NV | 32,128 | 6,630,898 | |
ON Semiconductor Corp. (a) | 47,760 | 1,865,506 | |
Qorvo, Inc. (a) | 13,135 | 2,490,265 | |
Qualcomm, Inc. | 131,754 | 19,736,749 | |
Skyworks Solutions, Inc. | 19,125 | 3,528,754 | |
SolarEdge Technologies, Inc. (a) | 5,997 | 1,556,102 | |
Teradyne, Inc. | 19,336 | 2,455,672 | |
Texas Instruments, Inc. | 106,733 | 20,345,444 | |
Xilinx, Inc. | 28,502 | 4,270,740 | |
252,429,739 | |||
Software - 10.2% | |||
Adobe, Inc. (a) | 55,588 | 34,555,168 | |
ANSYS, Inc. (a) | 10,057 | 3,705,602 | |
Autodesk, Inc. (a) | 25,497 | 8,187,852 | |
Avalara, Inc. (a) | 9,928 | 1,659,664 | |
Black Knight, Inc. (a) | 18,212 | 1,508,136 | |
Cadence Design Systems, Inc. (a) | 32,349 | 4,776,330 | |
Ceridian HCM Holding, Inc. (a)(b) | 15,195 | 1,495,188 | |
Citrix Systems, Inc. | 14,290 | 1,439,718 | |
Cloudflare, Inc. (a) | 21,769 | 2,582,456 | |
Coupa Software, Inc. (a)(b) | 8,383 | 1,819,111 | |
Crowdstrike Holdings, Inc. (a) | 21,833 | 5,537,067 | |
Datadog, Inc. Class A (a) | 23,894 | 2,645,066 | |
DocuSign, Inc. (a) | 21,635 | 6,448,095 | |
Fair Isaac Corp. (a) | 3,395 | 1,778,674 | |
Fortinet, Inc. (a) | 15,707 | 4,276,074 | |
HubSpot, Inc. (a) | 5,050 | 3,009,901 | |
Intuit, Inc. | 31,757 | 16,830,257 | |
Microsoft Corp. | 874,724 | 249,217,615 | |
NortonLifeLock, Inc. | 67,612 | 1,678,130 | |
Nuance Communications, Inc. (a) | 33,107 | 1,817,574 | |
Oracle Corp. | 215,105 | 18,744,250 | |
Palo Alto Networks, Inc. (a) | 11,275 | 4,499,289 | |
Paycom Software, Inc. (a) | 5,702 | 2,280,800 | |
PTC, Inc. (a) | 12,212 | 1,654,115 | |
RingCentral, Inc. (a) | 9,310 | 2,488,284 | |
Salesforce.com, Inc. (a) | 110,995 | 26,853,020 | |
ServiceNow, Inc. (a) | 22,741 | 13,369,206 | |
Splunk, Inc. (a) | 18,756 | 2,662,977 | |
SS&C Technologies Holdings, Inc. | 25,947 | 2,033,985 | |
Synopsys, Inc. (a) | 17,667 | 5,087,919 | |
The Trade Desk, Inc. (a) | 49,400 | 4,046,354 | |
Tyler Technologies, Inc. (a) | 4,710 | 2,320,334 | |
Workday, Inc. Class A (a) | 21,333 | 5,000,455 | |
Zendesk, Inc. (a)(b) | 13,648 | 1,781,473 | |
Zoom Video Communications, Inc. Class A (a) | 23,725 | 8,970,423 | |
Zscaler, Inc. (a) | 8,652 | 2,041,093 | |
458,801,655 | |||
Technology Hardware, Storage & Peripherals - 6.3% | |||
Apple, Inc. | 1,830,214 | 266,954,996 | |
Dell Technologies, Inc. (a) | 27,511 | 2,658,113 | |
Hewlett Packard Enterprise Co. | 150,959 | 2,188,906 | |
HP, Inc. | 145,236 | 4,192,963 | |
NetApp, Inc. | 25,759 | 2,050,159 | |
Seagate Technology Holdings PLC | 23,336 | 2,051,234 | |
Western Digital Corp. (a) | 35,533 | 2,307,158 | |
282,403,529 | |||
TOTAL INFORMATION TECHNOLOGY | 1,306,790,810 | ||
MATERIALS - 2.4% | |||
Chemicals - 1.7% | |||
Air Products & Chemicals, Inc. | 25,662 | 7,468,412 | |
Albemarle Corp. U.S. | 13,525 | 2,786,691 | |
Celanese Corp. Class A | 13,236 | 2,061,772 | |
Corteva, Inc. | 86,287 | 3,691,358 | |
Dow, Inc. | 86,421 | 5,371,929 | |
DuPont de Nemours, Inc. | 62,436 | 4,685,822 | |
Eastman Chemical Co. | 15,760 | 1,776,467 | |
Ecolab, Inc. | 28,842 | 6,369,179 | |
FMC Corp. | 15,037 | 1,608,207 | |
International Flavors & Fragrances, Inc. | 28,843 | 4,344,910 | |
Linde PLC | 60,638 | 18,639,515 | |
LyondellBasell Industries NV Class A | 29,832 | 2,963,213 | |
PPG Industries, Inc. | 27,478 | 4,493,203 | |
Sherwin-Williams Co. | 28,059 | 8,166,011 | |
74,426,689 | |||
Construction Materials - 0.1% | |||
Martin Marietta Materials, Inc. | 7,223 | 2,624,116 | |
Vulcan Materials Co. | 15,371 | 2,766,626 | |
5,390,742 | |||
Containers & Packaging - 0.3% | |||
Amcor PLC | 181,279 | 2,095,585 | |
Avery Dennison Corp. | 9,645 | 2,032,009 | |
Ball Corp. | 38,027 | 3,075,624 | |
International Paper Co. | 45,586 | 2,633,047 | |
Packaging Corp. of America | 10,974 | 1,552,821 | |
11,389,086 | |||
Metals & Mining - 0.3% | |||
Freeport-McMoRan, Inc. | 169,148 | 6,444,539 | |
Newmont Corp. | 92,820 | 5,830,952 | |
Nucor Corp. | 34,566 | 3,595,555 | |
15,871,046 | |||
TOTAL MATERIALS | 107,077,563 | ||
REAL ESTATE - 2.5% | |||
Equity Real Estate Investment Trusts (REITs) - 2.4% | |||
Alexandria Real Estate Equities, Inc. | 14,741 | 2,967,953 | |
American Tower Corp. | 52,630 | 14,883,764 | |
AvalonBay Communities, Inc. | 16,181 | 3,686,517 | |
Boston Properties, Inc. | 16,418 | 1,927,145 | |
Crown Castle International Corp. | 50,020 | 9,658,362 | |
Digital Realty Trust, Inc. | 32,601 | 5,025,770 | |
Duke Realty Corp. | 43,357 | 2,206,004 | |
Equinix, Inc. | 10,355 | 8,495,346 | |
Equity Residential (SBI) | 39,761 | 3,345,093 | |
Essex Property Trust, Inc. | 7,539 | 2,473,546 | |
Extra Space Storage, Inc. | 15,310 | 2,666,083 | |
Healthpeak Properties, Inc. | 62,480 | 2,309,886 | |
Invitation Homes, Inc. | 65,751 | 2,674,751 | |
Medical Properties Trust, Inc. | 67,467 | 1,418,831 | |
Mid-America Apartment Communities, Inc. | 13,274 | 2,563,209 | |
Prologis (REIT), Inc. | 85,765 | 10,981,351 | |
Public Storage | 17,637 | 5,511,210 | |
Realty Income Corp. | 43,282 | 3,042,292 | |
SBA Communications Corp. Class A | 12,679 | 4,323,412 | |
Simon Property Group, Inc. | 38,093 | 4,819,526 | |
Sun Communities, Inc. | 12,956 | 2,540,801 | |
Ventas, Inc. | 43,472 | 2,598,756 | |
VICI Properties, Inc. (b) | 62,198 | 1,939,956 | |
Welltower, Inc. | 48,402 | 4,204,198 | |
Weyerhaeuser Co. | 86,702 | 2,924,458 | |
109,188,220 | |||
Real Estate Management & Development - 0.1% | |||
CBRE Group, Inc. (a) | 38,919 | 3,754,127 | |
TOTAL REAL ESTATE | 112,942,347 | ||
UTILITIES - 2.3% | |||
Electric Utilities - 1.5% | |||
Alliant Energy Corp. | 29,028 | 1,699,009 | |
American Electric Power Co., Inc. | 57,586 | 5,074,478 | |
Duke Energy Corp. | 89,144 | 9,369,926 | |
Edison International | 44,000 | 2,398,000 | |
Entergy Corp. | 23,275 | 2,395,463 | |
Evergy, Inc. | 26,364 | 1,719,460 | |
Eversource Energy | 39,770 | 3,430,958 | |
Exelon Corp. | 113,215 | 5,298,462 | |
FirstEnergy Corp. | 63,008 | 2,414,467 | |
NextEra Energy, Inc. | 227,297 | 17,706,436 | |
PG&E Corp. (a) | 173,040 | 1,521,022 | |
PPL Corp. | 89,178 | 2,529,980 | |
Southern Co. | 122,534 | 7,826,247 | |
Xcel Energy, Inc. | 62,339 | 4,254,637 | |
67,638,545 | |||
Independent Power and Renewable Electricity Producers - 0.0% | |||
The AES Corp. | 77,411 | 1,834,641 | |
Multi-Utilities - 0.7% | |||
Ameren Corp. | 29,408 | 2,467,919 | |
CMS Energy Corp. | 33,527 | 2,071,633 | |
Consolidated Edison, Inc. | 39,694 | 2,928,226 | |
Dominion Energy, Inc. | 93,417 | 6,994,131 | |
DTE Energy Co. | 22,483 | 2,637,706 | |
Public Service Enterprise Group, Inc. | 58,565 | 3,644,500 | |
Sempra Energy | 36,506 | 4,769,509 | |
WEC Energy Group, Inc. | 36,572 | 3,442,888 | |
28,956,512 | |||
Water Utilities - 0.1% | |||
American Water Works Co., Inc. | 21,040 | 3,579,114 | |
TOTAL UTILITIES | 102,008,812 | ||
TOTAL COMMON STOCKS | |||
(Cost $3,318,712,740) | 4,472,883,886 | ||
Money Market Funds - 0.8% | |||
Fidelity Cash Central Fund 0.06% (c) | 17,778,281 | 17,781,837 | |
Fidelity Securities Lending Cash Central Fund 0.06% (c)(d) | 18,253,595 | 18,255,420 | |
TOTAL MONEY MARKET FUNDS | |||
(Cost $36,037,234) | 36,037,257 | ||
TOTAL INVESTMENT IN SECURITIES - 100.6% | |||
(Cost $3,354,749,974) | 4,508,921,143 | ||
NET OTHER ASSETS (LIABILITIES) - (0.6)%(e) | (25,358,383) | ||
NET ASSETS - 100% | $4,483,562,760 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation/(Depreciation) | |
Purchased | |||||
Equity Index Contracts | |||||
CME E-mini S&P 500 Index Contracts (United States) | 44 | Sept. 2021 | $9,656,900 | $368,074 | $368,074 |
The notional amount of futures purchased as a percentage of Net Assets is 0.2%
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.
(e) Includes $352,000 of cash collateral to cover margin requirements for futures contracts.
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 |
Fidelity Cash Central Fund | $10,290 |
Fidelity Securities Lending Cash Central Fund | 14,979 |
Total | $25,269 |
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.
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Fund | Value, beginning of period | Purchases | Sales Proceeds | Realized Gain/Loss | Change in Unrealized appreciation (depreciation) | Value, end of period | % ownership, end of period |
Fidelity Cash Central Fund 0.06% | $9,271,077 | $826,331,866 | $817,820,689 | $(417) | $-- | $17,781,837 | 0.0% |
Fidelity Securities Lending Cash Central Fund 0.06% | 3,988,026 | 222,017,470 | 207,750,076 | -- | -- | 18,255,420 | 0.1% |
Total | $13,259,103 | $1,048,349,336 | $1,025,570,765 | $(417) | $-- | $36,037,257 |
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.
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 each business day and are categorized as Level 1 in the 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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