FIDELITY SELECT PORTFOLIOS Form N-Q Filed 2017-01-27
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SECURITIES AND EXCHANGE COMMISSION FORM N-Q Quarterly schedule of portfolio holdings of registered management investment company filed on Form N-Q Filing Date: 2017-01-27 | Period of Report: 2016-11-30 SEC Accession No. 0001379491-17-000373 (HTML Version on secdatabase.com) FILER FIDELITY SELECT PORTFOLIOS Mailing Address Business Address 245 SUMMER STREET 245 SUMMER STREET CIK:320351| IRS No.: 000000000 | State of Incorp.:MA | Fiscal Year End: 0228 BOSTON MA 02210 BOSTON MA 02210 Type: N-Q | Act: 40 | File No.: 811-03114 | Film No.: 17551660 617-563-7000 Copyright © 2017 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-3114 Fidelity Select Portfolios (Exact name of registrant as specified in charter) 245 Summer St., Boston, Massachusetts 02210 (Address of principal executive offices) (Zip code) Marc Bryant, Secretary 245 Summer St. Boston, Massachusetts 02210 (Name and address of agent for service) Registrant's telephone number, including area code: 617-563-7000 Date of fiscal year end: February 28 Date of reporting period: November 30, 2016 Item 1. Schedule of Investments Quarterly Holdings Report for Fidelity® Select Portfolios® Semiconductors Portfolio (formerly Electronics Portfolio) November 30, 2016 ELE-QTLY-0117 1.810682.112 Copyright © 2013 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Investments November 30, 2016 (Unaudited) Showing Percentage of Net Assets Common Stocks - 95.3% Shares Value Biotechnology - 0.0% Biotechnology - 0.0% Arrowhead Pharmaceuticals, Inc. warrants 5/21/17 (a) 285,468 $3 Commercial Services & Supplies - 0.8% Office Services & Supplies - 0.8% West Corp. 773,400 18,453,324 Communications Equipment - 0.3% Communications Equipment - 0.3% Parrot SA (a) 315,226 2,966,739 Telefonaktiebolaget LM Ericsson (B Shares) sponsored ADR 822,100 4,209,152 7,175,891 Electronic Equipment & Components - 5.5% Electronic Components - 0.3% InvenSense, Inc. (a) 902,900 6,898,156 Electronic Manufacturing Services - 3.0% Jabil Circuit, Inc. 3,423,455 72,406,073 Technology Distributors - 2.2% Avnet, Inc. 838,200 38,464,998 Dell Technologies, Inc. (a) 71,300 3,818,828 Tech Data Corp. (a) 109,600 9,301,752 51,585,578 TOTAL ELECTRONIC EQUIPMENT & COMPONENTS 130,889,807 Internet Software & Services - 1.1% Internet Software & Services - 1.1% Alphabet, Inc. Class A (a) 33,350 25,875,598 IT Services - 0.1% Data Processing & Outsourced Services - 0.1% EVERTEC, Inc. 101,212 1,847,119 Semiconductors & Semiconductor Equipment - 86.9% Semiconductor Equipment - 6.8% Applied Materials, Inc. 3,345,900 107,737,980 Lam Research Corp. 454,673 48,204,431 PDF Solutions, Inc. (a) 205,600 4,841,880 Copyright © 2013 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Xcerra Corp. (a) 350,900 2,224,706 163,008,997 Semiconductors - 80.1% Advanced Micro Devices, Inc. (a) 1,648,300 14,686,353 ams AG 44,150 1,294,059 Analog Devices, Inc. 1,779,889 132,138,959 Broadcom Ltd. 1,080,500 184,214,445 Cavium, Inc. (a) 598,400 34,126,752 Cree, Inc. (a)(b) 1,476,000 37,372,320 Cypress Semiconductor Corp. 665,300 7,484,625 Dialog Semiconductor PLC (a) 259,021 10,268,548 Diodes, Inc. (a) 586,600 14,283,710 GlobalWafers Co. Ltd. 779,000 2,393,020 Himax Technologies, Inc. sponsored ADR 268,852 1,981,439 Integrated Device Technology, Inc. (a) 656,100 15,352,740 Intel Corp. 12,947,171 449,266,835 Marvell Technology Group Ltd. 3,497,896 50,159,829 Maxim Integrated Products, Inc. 1,289,025 50,620,012 Mellanox Technologies Ltd. (a) 584,100 24,210,945 Microchip Technology, Inc. (b) 469,000 31,038,420 Micron Technology, Inc. (a) 4,511,240 88,104,517 NVIDIA Corp. 620,692 57,227,802 NXP Semiconductors NV (a) 706,004 70,000,297 ON Semiconductor Corp. (a) 7,646,150 90,071,647 Qorvo, Inc. (a) 1,354,900 72,365,209 Qualcomm, Inc. 5,224,684 355,957,721 Semtech Corp. (a) 1,911,575 53,715,258 Skyworks Solutions, Inc. 715,020 54,949,287 Synaptics, Inc. (a) 99,000 5,403,420 1,908,688,169 TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT 2,071,697,166 Technology Hardware, Storage & Peripherals - 0.6% Technology Hardware, Storage & Peripherals - 0.6% Cray, Inc. (a) 101,714 1,963,080 Lenovo Group Ltd. 16,856,000 10,452,828 Nimble Storage, Inc. (a) 472,000 3,577,760 15,993,668 TOTAL COMMON STOCKS (Cost $1,893,179,632) 2,271,932,576 Money Market Funds - 6.2% Copyright © 2013 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Fidelity Cash Central Fund, 0.39% (c) 137,650,802 137,678,332 Fidelity Securities Lending Cash Central Fund 0.48% (c)(d) 10,951,126 10,953,316 TOTAL MONEY MARKET FUNDS (Cost $148,617,054) 148,631,648 TOTAL INVESTMENT PORTFOLIO - 101.5% (Cost $2,041,796,686) 2,420,564,224 NET OTHER ASSETS (LIABILITIES) - (1.5)% (36,709,778) NET ASSETS - 100% $2,383,854,446 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. 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 $256,766 Fidelity Securities Lending Cash Central Fund 152,978 Total $409,744 Investment Valuation The following is a summary of the inputs used, as of November 30, 2016, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section. Valuation Inputs at Reporting Date: Description Total Level 1 Level 2 Level 3 Investments in Securities: Common Stocks $2,271,932,576 $2,271,932,573 $3 $-- Money Market Funds 148,631,648 148,631,648 -- -- Total Investments in Securities: $2,420,564,224 $2,420,564,221 $3 $-- 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 Funds 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, Copyright © 2013 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 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.