# EDGAR Filing Document

**Accession Number:** 0000035402
**File Stem:** 0000035402-26-003439
**Filing Date:** 2026-5
**Character Count:** 67165
**Document Hash:** 4469e93d08a35ce5dbd0698c8a6c786a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035402-26-003439.hdr.sgml**: 20260526

**ACCESSION NUMBER**: 0000035402-26-003439

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260526

**DATE AS OF CHANGE**: 20260526

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY TREND FUND
- **CENTRAL INDEX KEY:** 0000035402

**ORGANIZATION NAME:**
- **EIN:** 046026956
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-00790
- **FILM NUMBER:** 261017572

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-563-7000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY TREND FUND INC
- **DATE OF NAME CHANGE:** 19850503

## Series and Classes Contracts Data

### Fidelity Trend Fund (Series ID: S000007496)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000020470 | Fidelity Trend Fund | FTRNX           |

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Fidelity® Trend Fund**

**March 31, 2026**

TRE-NPRT1-0526

1.799849.122 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Common Stocks - 99.2%** | &nbsp;&nbsp;**Common Stocks - 99.2%** | &nbsp;&nbsp;**Common Stocks - 99.2%** |
|  | Shares | Value ($)<br>|
| AUSTRALIA - 0.8%  |  |  |
| Industrials - 0.3% |  |  |
| Aerospace & Defense - 0.3% |  |  |
| DroneShield Ltd (a)(b) | 5088941 | 13981198 |
| Materials - 0.5% |  |  |
| Metals & Mining - 0.5% |  |  |
| Anglogold Ashanti Plc  | 180000 | 17524800 |
| TOTAL AUSTRALIA |  | 31505998 |
| CANADA - 0.5%  |  |  |
| Consumer Discretionary - 0.5% |  |  |
| Specialty Retail - 0.5% |  |  |
| Aritzia Inc Subordinate Voting Shares (a) | 266290 | 21730458 |
| Financials - 0.0% |  |  |
| Insurance - 0.0% |  |  |
| Brookfield Wealth Solutions Ltd Class A (United States)  | 2739 | 113395 |
| TOTAL CANADA |  | 21843853 |
| FINLAND - 0.2%  |  |  |
| Consumer Discretionary - 0.2% |  |  |
| Textiles, Apparel & Luxury Goods - 0.2% |  |  |
| Amer Sports Inc (a) | 277700 | 9141884 |
| FRANCE - 0.2%  |  |  |
| Consumer Discretionary - 0.2% |  |  |
| Textiles, Apparel & Luxury Goods - 0.2% |  |  |
| Hermes International SCA  | 5000 | 9471758 |
| GRAND CAYMAN (UK OVERSEAS TER) - 0.0%  |  |  |
| Financials - 0.0% |  |  |
| Insurance - 0.0% |  |  |
| Accelerant Holdings Class A (a) | 12700 | 169672 |
| INDIA - 0.1%  |  |  |
| Consumer Discretionary - 0.1% |  |  |
| Broadline Retail - 0.0% |  |  |
| Meesho (g) | 841709 | 1284879 |
| Specialty Retail - 0.1% |  |  |
| Lenskart Solutions Ltd (g) | 579644 | 3146704 |
| TOTAL INDIA |  | 4431583 |
| ISRAEL - 0.0%  |  |  |
| Financials - 0.0% |  |  |
| Capital Markets - 0.0% |  |  |
| Etoro Group Ltd Class A  | 4900 | 147147 |
| ITALY - 0.2%  |  |  |
| Consumer Discretionary - 0.2% |  |  |
| Textiles, Apparel & Luxury Goods - 0.2% |  |  |
| Brunello Cucinelli SpA (e) | 95800 | 8372361 |
| PUERTO RICO - 0.2%  |  |  |
| Information Technology - 0.2% |  |  |
| Electronic Equipment, Instruments & Components - 0.2% |  |  |
| Unusual Machines Inc /US (a)(e) | 517400 | 6415760 |
| TAIWAN - 0.6%  |  |  |
| Information Technology - 0.6% |  |  |
| Semiconductors & Semiconductor Equipment - 0.6% |  |  |
| Taiwan Semiconductor Manufacturing Co Ltd ADR  | 68200 | 23048190 |
| UNITED STATES - 96.4%  |  |  |
| Communication Services - 10.1% |  |  |
| Entertainment - 0.9% |  |  |
| Netflix Inc (a) | 335700 | 32277555 |
| ROBLOX Corp Class A (a) | 112700 | 6374312 |
|  |  | 38651867 |
| Interactive Media & Services - 9.2% |  |  |
| Alphabet Inc Class A  | 820740 | 236011994 |
| Meta Platforms Inc Class A  | 246700 | 141144471 |
|  |  | 377156465 |
| TOTAL COMMUNICATION SERVICES |  | 415808332 |
| Consumer Discretionary - 10.9% |  |  |
| Automobiles - 3.0% |  |  |
| Tesla Inc (a) | 332000 | 123421000 |
| Broadline Retail - 3.9% |  |  |
| Amazon.com Inc (a) | 778000 | 162034060 |
| Hotels, Restaurants & Leisure - 2.2% |  |  |
| Black Rock Coffee Bar Inc Class A  | 7100 | 91732 |
| Brinker International Inc (a) | 93023 | 13280894 |
| Cava Group Inc (a)(e) | 64500 | 5218050 |
| Dutch Bros Inc Class A (a) | 405200 | 20527432 |
| Royal Caribbean Cruises Ltd  | 39800 | 10952164 |
| Starbucks Corp  | 171700 | 15382603 |
| Texas Roadhouse Inc  | 104800 | 17306672 |
| Wingstop Inc  | 52600 | 8151422 |
|  |  | 90910969 |
| Household Durables - 1.2% |  |  |
| PulteGroup Inc  | 35300 | 4151633 |
| SharkNinja Inc (a)(e) | 337900 | 35783610 |
| Somnigroup International Inc  | 109600 | 8101632 |
|  |  | 48036875 |
| Specialty Retail - 0.4% |  |  |
| Boot Barn Holdings Inc (a) | 90600 | 13260216 |
| Carvana Co Class A (a) | 11900 | 3741122 |
| Wayfair Inc Class A (a) | 13724 | 1032182 |
|  |  | 18033520 |
| Textiles, Apparel & Luxury Goods - 0.2% |  |  |
| Tapestry Inc  | 58400 | 8240824 |
| TOTAL CONSUMER DISCRETIONARY |  | 450677248 |
| Consumer Staples - 0.9% |  |  |
| Consumer Staples Distribution & Retail - 0.9% |  |  |
| Costco Wholesale Corp  | 31747 | 31633663 |
| Performance Food Group Co (a) | 123100 | 10544746 |
|  |  | 42178409 |
| Personal Care Products - 0.0% |  |  |
| elf Beauty Inc (a) | 100 | 6061 |
| TOTAL CONSUMER STAPLES |  | 42184470 |
| Financials - 1.8% |  |  |
| Capital Markets - 1.5% |  |  |
| Cboe Global Markets Inc  | 152800 | 42947496 |
| Robinhood Markets Inc Class A (a) | 273200 | 18932760 |
|  |  | 61880256 |
| Financial Services - 0.3% |  |  |
| Concrete Partners Holding LLC (c)(d) | 1007182 | 11622880 |
| TOTAL FINANCIALS |  | 73503136 |
| Health Care - 3.3% |  |  |
| Biotechnology - 0.7% |  |  |
| AbbVie Inc  | 99800 | 21705502 |
| Alnylam Pharmaceuticals Inc (a) | 16400 | 5426268 |
|  |  | 27131770 |
| Health Care Equipment & Supplies - 0.3% |  |  |
| Medline Inc Class A  | 74800 | 3328600 |
| TransMedics Group Inc (a) | 109300 | 10865513 |
|  |  | 14194113 |
| Health Care Technology - 0.2% |  |  |
| Doximity Inc Class A (a) | 14800 | 344840 |
| Veeva Systems Inc Class A (a) | 42300 | 7430418 |
|  |  | 7775258 |
| Pharmaceuticals - 2.1% |  |  |
| Eli Lilly & Co  | 93351 | 85861449 |
| TOTAL HEALTH CARE |  | 134962590 |
| Industrials - 24.3% |  |  |
| Aerospace & Defense - 9.5% |  |  |
| ATI Inc (a) | 326500 | 47492690 |
| Axon Enterprise Inc (a) | 138517 | 58826785 |
| Boeing Co (a) | 250 | 49757 |
| Carpenter Technology Corp  | 63200 | 24910280 |
| FTAI Aviation Ltd  | 79400 | 19453000 |
| HEICO Corp Class A  | 104688 | 22098590 |
| Howmet Aerospace Inc  | 423700 | 97645902 |
| Karman Holdings Inc (a)(e) | 563300 | 45092165 |
| Leonardo DRS Inc  | 519700 | 23137044 |
| Rocket Lab Corp  | 111100 | 7134842 |
| Space Exploration Technologies Corp (a)(d)(f) | 18500 | 9741915 |
| TransDigm Group Inc  | 13977 | 16198784 |
| Woodward Inc  | 62200 | 22262624 |
|  |  | 394044378 |
| Building Products - 0.6% |  |  |
| AAON Inc (e) | 62500 | 5171875 |
| Trane Technologies PLC  | 44600 | 18586604 |
|  |  | 23758479 |
| Commercial Services & Supplies - 0.5% |  |  |
| Cintas Corp  | 132912 | 22480736 |
| Construction & Engineering - 7.8% |  |  |
| API Group Corp (a) | 479600 | 19433392 |
| Comfort Systems USA Inc  | 39400 | 54332206 |
| Construction Partners Inc Class A (a) | 546900 | 60771528 |
| EMCOR Group Inc  | 54100 | 39942571 |
| Legence Corp Class A  | 31000 | 1750260 |
| MasTec Inc (a) | 144200 | 46394908 |
| Sterling Infrastructure Inc (a) | 246100 | 100229147 |
|  |  | 322854012 |
| Electrical Equipment - 0.7% |  |  |
| GE Vernova Inc  | 31000 | 27059900 |
| Ground Transportation - 0.9% |  |  |
| XPO Inc (a) | 189300 | 36828315 |
| Machinery - 3.1% |  |  |
| Federal Signal Corp  | 189800 | 20524972 |
| RBC Bearings Inc (a) | 159600 | 86681952 |
| Westinghouse Air Brake Technologies Corp  | 86700 | 21667197 |
|  |  | 128874121 |
| Passenger Airlines - 0.5% |  |  |
| Delta Air Lines Inc  | 289200 | 19226016 |
| Trading Companies & Distributors - 0.7% |  |  |
| QXO Inc (a)(e) | 1008400 | 19583128 |
| WW Grainger Inc  | 8700 | 9490047 |
|  |  | 29073175 |
| TOTAL INDUSTRIALS |  | 1004199132 |
| Information Technology - 42.4% |  |  |
| Communications Equipment - 1.2% |  |  |
| Arista Networks Inc (a) | 121400 | 14905492 |
| Lumentum Holdings Inc (a) | 52000 | 36543520 |
|  |  | 51449012 |
| Electronic Equipment, Instruments & Components - 5.0% |  |  |
| Amphenol Corp Class A  | 344300 | 43502305 |
| Coherent Corp (a) | 332900 | 79300109 |
| Corning Inc  | 283300 | 38520301 |
| nLight Inc (a) | 124600 | 7104692 |
| OSI Systems Inc (a) | 152100 | 40384071 |
|  |  | 208811478 |
| IT Services - 0.3% |  |  |
| Cloudflare Inc Class A (a) | 51700 | 10667778 |
| Semiconductors & Semiconductor Equipment - 19.9% |  |  |
| Advanced Micro Devices Inc (a) | 79000 | 16070970 |
| Astera Labs Inc (a) | 31500 | 3452400 |
| Broadcom Inc  | 522200 | 161626122 |
| Lam Research Corp  | 164400 | 35125704 |
| Marvell Technology Inc  | 168000 | 16640400 |
| Micron Technology Inc  | 67700 | 22871768 |
| Monolithic Power Systems Inc  | 29000 | 31707150 |
| NVIDIA Corp  | 3043160 | 530727105 |
|  |  | 818221619 |
| Software - 7.5% |  |  |
| AppLovin Corp Class A (a) | 29400 | 11701200 |
| Cadence Design Systems Inc (a) | 86669 | 24082715 |
| Canva Inc Class A (a)(d)(f) | 3000 | 4040370 |
| Datadog Inc Class A (a) | 52500 | 6197625 |
| Fair Isaac Corp (a) | 28359 | 30274367 |
| Microsoft Corp  | 413100 | 152917227 |
| Onestream Inc Class A (a) | 4600 | 110400 |
| Oracle Corp  | 95400 | 14034294 |
| Palantir Technologies Inc Class A (a) | 299500 | 43810860 |
| Palo Alto Networks Inc (a) | 113000 | 18116160 |
| Plaid Inc/DE Class A (a)(d)(f) | 16919 | 4778264 |
|  |  | 310063482 |
| Technology Hardware, Storage & Peripherals - 8.5% |  |  |
| Apple Inc  | 1350376 | 342711925 |
| Sandisk Corp/DE (a) | 14800 | 9403032 |
| Super Micro Computer Inc (a) | 60700 | 1382139 |
|  |  | 353497096 |
| TOTAL INFORMATION TECHNOLOGY |  | 1752710465 |
| Materials - 0.5% |  |  |
| Construction Materials - 0.4% |  |  |
| Vulcan Materials Co  | 60500 | 16474150 |
| Paper & Forest Products - 0.1% |  |  |
| Louisiana-Pacific Corp  | 87500 | 6365625 |
| TOTAL MATERIALS |  | 22839775 |
| Real Estate - 1.6% |  |  |
| Health Care REITs - 1.0% |  |  |
| Welltower Inc  | 210600 | 41637726 |
| Real Estate Management & Development - 0.2% |  |  |
| Compass Inc Class A (a) | 1058500 | 7737635 |
| Specialized REITs - 0.4% |  |  |
| Iron Mountain Inc  | 145300 | 14840942 |
| TOTAL REAL ESTATE |  | 64216303 |
| Utilities - 0.6% |  |  |
| Electric Utilities - 0.2% |  |  |
| NRG Energy Inc  | 71600 | 10463624 |
| Independent Power and Renewable Electricity Producers - 0.4% |  |  |
| Talen Energy Corp (a) | 42600 | 13599198 |
| Vistra Corp  | 29600 | 4449768 |
|  |  | 18048966 |
| TOTAL UTILITIES |  | 28512590 |
| TOTAL UNITED STATES |  | 3989614041 |
| <br> **TOTAL COMMON STOCKS**<br> (Cost $2,225,159,588) |  | <br> **4104162247** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Convertible Preferred Stocks - 0.7%** | &nbsp;&nbsp;**Convertible Preferred Stocks - 0.7%** | &nbsp;&nbsp;**Convertible Preferred Stocks - 0.7%** |
|  | Shares | Value ($)<br>|
| FINLAND - 0.2%  |  |  |
| Health Care - 0.2% |  |  |
| Health Care Technology - 0.2% |  |  |
| Oura Health Oy Series E (d)(f) | 159921 | 9441736 |
| UNITED STATES - 0.5%  |  |  |
| Information Technology - 0.5% |  |  |
| Software - 0.5% |  |  |
| Anthropic PBC Series F (d)(f) | 20900 | 5416026 |
| Anthropic PBC Series G (d)(f) | 21100 | 5467854 |
| Databricks Inc Series L (d)(f) | 36300 | 5993130 |
| OpenAI Group Pbc Series A-3 (d)(f) | 4673 | 3213575 |
| TOTAL UNITED STATES |  | 20090585 |
| <br> **TOTAL CONVERTIBLE PREFERRED STOCKS**<br> (Cost $25,312,069) |  | <br> **29532321** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 2.3%** | &nbsp;&nbsp;**Money Market Funds - 2.3%** | &nbsp;&nbsp;**Money Market Funds - 2.3%** | &nbsp;&nbsp;**Money Market Funds - 2.3%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Cash Central Fund (h) | 3.69 | 36395591 | 36402869 |
| Fidelity Securities Lending Cash Central Fund (h)(i) | 3.69 | 58455459 | 58461305 |
| <br> **TOTAL MONEY MARKET FUNDS**<br> (Cost $94,864,174) |  |  | **94864174** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 102.2%**<br> (Cost $2,345,335,831)<br>| <br>**4228558742** |
| **NET OTHER ASSETS (LIABILITIES) - (2.2)%**  | **(91286652)** |
| **NET ASSETS - 100.0%** | **4137272090** |

---

**Legend**

(a) Non-income producing.

(b) Security exempt from registration under Regulation S of the Securities Act of 1933 and may be resold to qualified foreign investors outside of the United States. At the end of the period, the value of securities amounted to $13,981,198 or 0.3% of net assets.

(c) Security or a portion of the security purchased on a delayed delivery or when-issued basis.

(d) Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $59,715,750 or 1.4% of net assets.

(e) Security or a portion of the security is on loan at period end.

(f) Level 3 security.

(g) Security is subject to lock-up or market standoff agreement. Fair value is based on the unadjusted market price of the equivalent equity security. At the end of the period, the total value of unadjusted equity securities subject to contractual sale restrictions is $4,431,583 with varying restriction expiration dates. Under normal market conditions, there are no circumstances that could cause the restrictions to lapse.

(h) 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.

(i) 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 $3,817,408.

---

| | | |
|:---|:---|:---|
| Additional information on each restricted holding is as follows: | Additional information on each restricted holding is as follows: | Additional information on each restricted holding is as follows: |
| Security | Acquisition Date | Acquisition Cost ($)<br>|
| Anthropic PBC Series F | 8/18/2025 | 2946223 |
| Anthropic PBC Series G | 1/27/2026 | 5467778 |
| Canva Inc Class A | 8/19/2025 | 4938420 |
| Concrete Partners Holding LLC | 3/27/2026 | 10071820 |
| Databricks Inc Series L | 12/18/2025 | 6897000 |
| OpenAI Group Pbc Series A-3 | 8/4/2025 | 1434100 |
| Oura Health Oy Series E | 9/24/2025 | 8566968 |
| Plaid Inc/DE Class A | 3/31/2025 | 3451080 |
| Space Exploration Technologies Corp | 11/22/2024 | 2795015 |

---

---

| | |
|:---|:---|
| Additional information on each lock-up restriction is as follows: | Additional information on each lock-up restriction is as follows: |
| Security | Restriction Expiration Date |
| Lenskart Solutions Ltd | 5/7/2026 |
| Meesho | 6/9/2026 |

---

**Affiliated Central Funds**

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Cash Central Fund | - | 227910208 | 191507339 | 68356 | - | - | 36402869 | 36395591 | 0.1% |
| Fidelity Securities Lending Cash Central Fund | 16672572 | 246421343 | 204632610 | 18323 | - | - | 58461305 | 58455459 | 0.2% |
| Total | 16672572 | 474331551 | 396139949 | 86679 | - | - | 94864174 |  |  |

---

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.

Securities, including private placements or other restricted securities, for which observable inputs are not available are valued using alternate valuation approaches, including the market approach, the income approach and cost approach, and are categorized as Level 3 in the hierarchy. The market approach considers factors including the price of recent investments in the same or a similar security or financial metrics of comparable securities. The income approach considers factors including expected future cash flows, security specific risks and corresponding discount rates. The cost approach considers factors including the value of the security's underlying assets and liabilities.

Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.

*The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.*

*Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.*

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Fidelity Trend Fund

- **b. Investment Company Act file number:** 811-00790

- **c. CIK number of Registrant:** 0000035402

- **d. LEI of Registrant:** TF238OV3MY7L3IVK8T95

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 245 Summer Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

  - **Telephone number:** 1-800-FIDELITY

**Item A.2. Information about the Series.**

- **a. Name of Series:** Fidelity Trend Fund

- **b. EDGAR series identifier (if any):** S000007496

- **c. LEI of Series:** VL9WMPZ3MOW0SQO9ML77

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $4214534344.83

**Total Liabilities:** $74907116.45

**Net Assets:** $4139627228.38

**Cash Not Reported:** $118172.62

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000020470 | 0.33%                | 0.30%                | -6.80%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $11318504.42             | $7763981.75                                |
| Month 2  | $68991038.35             | $-54764795.56                              |
| Month 3  | $40000376.25             | $-342361141.84                             |

### Schedule of Portfolio Investments

| Name                                | Title                                                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AAON INC                            | AAON INC                                                         | CUSIP: 000360206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     62500 | NS      | $5171875.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| ABBVIE INC                          | ABBVIE INC                                                       | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     99800 | NS      | $21705502.00  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| ADVANCED MICRO DEVICES INC          | ADVANCED MICRO DEVICES INC                                       | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     79000 | NS      | $16070970.00  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| ATI INC                             | ATI INC                                                          | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |    326500 | NS      | $47492690.00  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ALNYLAM PHARMACEUTICALS INC         | ALNYLAM PHARMACEUTICALS INC                                      | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |     16400 | NS      | $5426268.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC                        | ALPHABET INC CL A                                                | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    820740 | NS      | $236011994.40 | 5.70%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM INC                      | AMAZON.COM INC                                                   | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    778000 | NS      | $162034060.00 | 3.91%             |  |  |  | No            |                  1 | On Loan: No      |
| AMPHENOL CORPORATION NEW            | AMPHENOL CORPORATION CL A                                        | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |    344300 | NS      | $43502305.00  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC                           | APPLE INC                                                        | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |   1350376 | NS      | $342711925.04 | 8.28%             |  |  |  | No            |                  1 | On Loan: No      |
| BOEING CO                           | BOEING CO                                                        | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |       250 | NS      | $49757.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BOOT BARN HOLDINGS INC              | BOOT BARN HOLDINGS INC                                           | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |     90600 | NS      | $13260216.00  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| BRINKER INTERNATIONAL INC           | BRINKER INTERNATIONAL INC                                        | CUSIP: 109641100<br>LEI: 52990067JY6PBGJNTG76 | Long             | EC               | CORP              | US        |     92823 | NS      | $13252339.71  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| CBOE GLOBAL MARKETS INC             | CBOE GLOBAL MARKETS INC                                          | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |    152800 | NS      | $42947496.00  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CADENCE DESIGN SYSTEMS INC          | CADENCE DESIGN SYSTEMS INC                                       | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |     86669 | NS      | $24082715.03  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| CARPENTER TECHNOLOGY CORP           | CARPENTER TECHNOLOGY CORP                                        | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |     63200 | NS      | $24910280.00  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| CINTAS CORP                         | CINTAS CORP                                                      | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    132912 | NS      | $22480735.68  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| TAPESTRY INC                        | TAPESTRY INC                                                     | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |     58400 | NS      | $8240824.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| COMFORT SYSTEMS USA INC             | COMFORT SYSTEMS USA INC                                          | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |     39400 | NS      | $54332206.00  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| CORNING INC                         | CORNING INC                                                      | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |    283300 | NS      | $38520301.00  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| COSTCO WHOLESALE CORP               | COSTCO WHOLESALE CORP                                            | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |     31747 | NS      | $31633663.21  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| DELTA AIR LINES INC                 | DELTA AIR INC                                                    | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |    289200 | NS      | $19226016.00  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR GROUP INC                     | EMCOR GROUP INC                                                  | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |     54100 | NS      | $39942571.00  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS INC                  | META PLATFORMS INC CL A                                          | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    211200 | NS      | $120833856.00 | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| FAIR ISAAC CORPORATION              | FAIR ISAAC CORP                                                  | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |     28359 | NS      | $30274366.86  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL SIGNAL CORP                 | FEDERAL SIGNAL CORP                                              | CUSIP: 313855108<br>LEI: 549300RTXZRPTNP6G884 | Long             | EC               | CORP              | US        |    189800 | NS      | $20524972.00  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust        | Fidelity Cash Central Fund                                       | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |  36395591 | NS      | $36402869.68  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust        | Fidelity Securities Lending Cash Central Fund                    | CUSIP: 31635A303<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |  62043325 | NS      | $62049529.75  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAINGER (W.W.) INC                 | WW GRAINGER INC                                                  | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |      8700 | NS      | $9490047.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO CORP NEW                      | HEICO CORP CL A                                                  | CUSIP: 422806208<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |    104688 | NS      | $22098589.92  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| HERMES INTL SCA                     | HERMES INTERNATIONAL SA                                          | CUSIP: N/A<br>LEI: 969500Y4IJGHJE2MTJ13       | Long             | EC               | CORP              | FR        |      5000 | NS      | $9471758.22   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| BRUNELLO CUCINELLI SPA              | BRUNELLO CUCINELLI SPA                                           | CUSIP: N/A<br>LEI: 5493003CX2RZ0FOBH256       | Long             | EC               | CORP              | IT        |     95800 | NS      | $8372361.11   | 0.20%             |  |  |  | No            |                  2 | On Loan: —       |
| IRON MOUNTAIN INC                   | IRON MOUNTAIN INC                                                | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               | CORP              | US        |    145300 | NS      | $14840942.00  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| LAM RESEARCH CORP                   | LAM RESEARCH CORP                                                | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |    164400 | NS      | $35125704.00  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| ELI LILLY and CO                    | ELI LILLY and CO                                                 | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     93351 | NS      | $85861449.27  | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| LOUISIANA PACIFIC CORP              | LOUISIANA PACIFIC CORP                                           | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |     87500 | NS      | $6365625.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANE TECHNOLOGIES PLC              | TRANE TECHNOLOGIES PLC                                           | CUSIP: N/A<br>LEI: 549300BURLR9SLYY2705       | Long             | EC               | CORP              | IE        |     44600 | NS      | $18586604.00  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| LUMENTUM HOLDINGS INC               | LUMENTUM HOLDINGS INC                                            | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |     52000 | NS      | $36543520.00  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTEC INC                          | MASTEC INC                                                       | CUSIP: 576323109<br>LEI: 549300TMDIT8WREDOF45 | Long             | EC               | CORP              | US        |    144200 | NS      | $46394908.00  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                      | MICROSOFT CORP                                                   | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    413100 | NS      | $152917227.00 | 3.69%             |  |  |  | No            |                  1 | On Loan: No      |
| MICRON TECHNOLOGY INC               | MICRON TECHNOLOGY INC                                            | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |     67700 | NS      | $22871768.00  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| MONOLITHIC POWER SYSTEMS INC        | MONOLITHIC POWER SYS INC                                         | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |     29000 | NS      | $31707150.00  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG ENERGY INC                      | NRG ENERGY INC                                                   | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |     71600 | NS      | $10463624.00  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| NETFLIX INC                         | NETFLIX INC                                                      | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |    335700 | NS      | $32277555.00  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORP                         | NVIDIA CORP                                                      | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |   3043160 | NS      | $530727104.00 | 12.82%            |  |  |  | No            |                  1 | On Loan: No      |
| OSI SYSTEMS INC                     | OSI SYSTEMS INC                                                  | CUSIP: 671044105<br>LEI: DDX3MPX1Y8YD30050X33 | Long             | EC               | CORP              | US        |    152100 | NS      | $40384071.00  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| ORACLE CORP                         | ORACLE CORP                                                      | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     95400 | NS      | $14034294.00  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| PALO ALTO NETWORKS INC              | PALO ALTO NETWORKS INC                                           | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |    113000 | NS      | $18116160.00  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| PERFORMANCE FOOD GROUP CO           | PERFORMANCE FOOD GROUP CO                                        | CUSIP: 71377A103<br>LEI: 549300EUK8GR9IT1YK57 | Long             | EC               | CORP              | US        |    123100 | NS      | $10544746.00  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| CLOUDFLARE INC                      | CLOUDFLARE INC                                                   | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |     51700 | NS      | $10667778.00  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| SPACE EXPLORATION TECHNOLOGIES CORP | SPACE EXPLORATION TECH CORP PP                                   | CUSIP: N/A<br>LEI: 549300B9WLO96RQCXP87       | Long             | EC               | CORP              | US        |     18500 | NS      | $9741915.00   | 0.24%             |  |  |  | Yes           |                  3 | On Loan: No      |
| PULTE GROUP INC                     | PULTEGROUP INC                                                   | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     69800 | NS      | $8209178.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC BEARINGS INC                    | RBC BEARINGS INC                                                 | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    159600 | NS      | $86681952.00  | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD         | ROYAL CARIBBEAN CRUISES LTD                                      | CUSIP: N/A<br>LEI: K2NEH8QNVW44JIWK7Z55       | Long             | EC               | CORP              | LR        |     39800 | NS      | $10952164.00  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| QXO INC                             | QXO INC                                                          | CUSIP: 82846H405<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1008400 | NS      | $19583128.00  | 0.47%             |  |  |  | No            |                  1 | On Loan: —       |
| STARBUCKS CORP                      | STARBUCKS CORP                                                   | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |    171700 | NS      | $15382603.00  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| STERLING INFRASTRUCTURE INC         | STERLING INFRASTRUCTURE INC                                      | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |    246100 | NS      | $100229147.00 | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| SUPER MICRO COMPUTER INC            | SUPER MICRO COMPUTER INC                                         | CUSIP: 86800U302<br>LEI: 54930022CZO1N2UGVW07 | Long             | EC               | CORP              | US        |     60700 | NS      | $1382139.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| TAIWAN SEMICONDUCTOR MFG CO LTD     | TAIWAN SEMIC MFG CO LTD SP ADR                                   | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     68200 | NS      | $23048190.00  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| AXON ENTERPRISE INC                 | AXON ENTERPRISE INC                                              | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |    138517 | NS      | $58826784.73  | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| SOMNIGROUP INTERNATIONAL INC        | SOMNIGROUP INTERNATIONAL INC                                     | CUSIP: 88023U101<br>LEI: 549300HFEKVR3US71V91 | Long             | EC               | CORP              | US        |    109600 | NS      | $8101632.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| TESLA INC                           | TESLA INC                                                        | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |    332000 | NS      | $123421000.00 | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXAS ROADHOUSE INC                 | TEXAS ROADHOUSE INC                                              | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |    104800 | NS      | $17306672.00  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSDIGM GROUP INC                 | TRANSDIGM GROUP INC                                              | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13977 | NS      | $16198783.92  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| COHERENT CORP                       | COHERENT CORP                                                    | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |    332900 | NS      | $79300109.00  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| VEEVA SYS INC                       | VEEVA SYS INC CL A                                               | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |     42300 | NS      | $7430418.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| VULCAN MATERIALS CO                 | VULCAN MATERIALS CO                                              | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |     60500 | NS      | $16474150.00  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE TECH CORP    | WESTINGHOUSE AIR BRAKE TECH CORP                                 | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |     86700 | NS      | $21667197.00  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| WAYFAIR INC                         | WAYFAIR INC                                                      | CUSIP: 94419L101<br>LEI: 54930027N9ZAVYFDHK53 | Long             | EC               | CORP              | US        |     13724 | NS      | $1032182.04   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLTOWER INC                       | WELLTOWER INC                                                    | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |    210600 | NS      | $41637726.00  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| WINGSTOP INC                        | WINGSTOP INC                                                     | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               | CORP              | US        |     52600 | NS      | $8151422.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| WOODWARD INC                        | WOODWARD INC                                                     | CUSIP: 980745103<br>LEI: YPYKXXTR8TFDH54ZMB45 | Long             | EC               | CORP              | US        |     62200 | NS      | $22262624.00  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| XPO INC                             | XPO INC                                                          | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Long             | EC               | CORP              | US        |    189300 | NS      | $36828315.00  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| DRONESHIELD LTD                     | DRONESHIELD LTD                                                  | CUSIP: N/A<br>LEI: 5299002AW8NA4BW6MU87       | Long             | EC               | CORP              | AU        |   5088941 | NS      | $13981198.35  | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| ARITZIA INC                         | ARITZIA INC                                                      | CUSIP: 04045U102<br>LEI: 549300U83HKFRL1EX527 | Long             | EC               | CORP              | CA        |    266290 | NS      | $21730458.49  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| ELF BEAUTY INC                      | ELF BEAUTY INC                                                   | CUSIP: 26856L103<br>LEI: 549300U2K9TCON25C029 | Long             | EC               | CORP              | US        |       100 | NS      | $6061.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HOWMET AEROSPACE INC                | HOWMET AEROSPACE INC                                             | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |    423700 | NS      | $97645902.00  | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| VISTRA CORP                         | VISTRA CORP                                                      | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |     29600 | NS      | $4449768.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CARVANA CO                          | CARVANA CO CL A                                                  | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Long             | EC               | CORP              | US        |     11900 | NS      | $3741122.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| DATADOG INC                         | DATADOG INC CL A                                                 | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |     52500 | NS      | $6197625.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPASS INC                         | COMPASS INC                                                      | CUSIP: 20464U100<br>LEI: 254900DMGQSTC3I2IM78 | Long             | EC               | CORP              | US        |   1058500 | NS      | $7737635.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX CORP                         | ROBLOX CORP                                                      | CUSIP: 771049103<br>LEI: 529900ANZDBDFU91SO19 | Long             | EC               | CORP              | US        |    112700 | NS      | $6374312.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC                        | BROADCOM INC                                                     | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    522200 | NS      | $161626122.00 | 3.90%             |  |  |  | No            |                  1 | On Loan: No      |
| NLIGHT INC                          | NLIGHT INC                                                       | CUSIP: 65487K100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    124600 | NS      | $7104692.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTRUCTION PARTNERS INC           | CONSTRUCTION PARTNERS INC CL A                                   | CUSIP: 21044C107<br>LEI: 549300G4ICXJKQN32X70 | Long             | EC               | CORP              | US        |    546900 | NS      | $60771528.00  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSMEDICS GROUP INC               | TRANSMEDICS GROUP INC                                            | CUSIP: 89377M109<br>LEI: 549300060GVOSMWARH50 | Long             | EC               | CORP              | US        |    109300 | NS      | $10865513.00  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| API GROUP CORP                      | API GROUP CORP                                                   | CUSIP: 00187Y100<br>LEI: 213800NZT1VX6PZ7BT53 | Long             | EC               | CORP              | US        |    479600 | NS      | $19433392.00  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| PALANTIR TECHNOLOGIES INC           | PALANTIR TECHNOLOGIES INC                                        | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |    299500 | NS      | $43810860.00  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLOVIN CORP                       | APPLOVIN CORP                                                    | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |     29400 | NS      | $11701200.00  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBINHOOD MARKETS INC               | ROBINHOOD MARKETS INC                                            | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |    273200 | NS      | $18932760.00  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| MARVELL TECHNOLOGY INC              | MARVELL TECHNOLOGY INC                                           | CUSIP: 573874104<br>LEI: 254900WVU0BM7ZCJ9E93 | Long             | EC               | CORP              | US        |    148800 | NS      | $14738640.00  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| DOXIMITY INC                        | DOXIMITY INC                                                     | CUSIP: 26622P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14800 | NS      | $344840.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ASTERA LABS INC                     | ASTERA LABS INC                                                  | CUSIP: 04626A103<br>LEI: 529900LJL8TUEGF7HG20 | Long             | EC               | CORP              | US        |     31500 | NS      | $3452400.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD WEALTH SOLUTIONS LTD     | BROOKFIELD WEALTH SOLUTIONS LTD A                                | CUSIP: N/A<br>LEI: 9845004583U3B8E06924       | Long             | EC               | CORP              | BM        |      2739 | NS      | $113394.60    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DUTCH BROS INC                      | DUTCH BROS INC                                                   | CUSIP: 26701L100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    405200 | NS      | $20527432.00  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| LEONARDO DRS INC                    | LEONARDO DRS INC                                                 | CUSIP: 52661A108<br>LEI: 549300HMMEWVG3PPQU18 | Long             | EC               | CORP              | US        |    519700 | NS      | $23137044.00  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI AVIATION LTD                   | FTAI AVIATION LTD                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |     79400 | NS      | $19453000.00  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| CAVA GROUP INC                      | CAVA GROUP INC                                                   | CUSIP: 148929102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     64500 | NS      | $5218050.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| TALEN ENERGY CORP                   | TALEN ENERGY CORP                                                | CUSIP: 87422Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42600 | NS      | $13599198.00  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| SHARKNINJA INC                      | SHARKNINJA INC                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |    337900 | NS      | $35783610.00  | 0.86%             |  |  |  | No            |                  1 | On Loan: —       |
| ANGLOGOLD ASHANTI PLC               | ANGLOGOLD ASHANTI PLC                                            | CUSIP: N/A<br>LEI: 2138005YDSA7A82RNU96       | Long             | EC               | CORP              | GB        |    180000 | NS      | $17524800.00  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| ACCELERANT HOLDINGS                 | ACCELERANT HOLDINGS                                              | CUSIP: N/A<br>LEI: 213800VS4CX9ZONTD965       | Long             | EC               | CORP              | KY        |     12700 | NS      | $169672.00    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AMER SPORTS INC                     | AMER SPORTS INC                                                  | CUSIP: N/A<br>LEI: 391200YCSWTRD1J21867       | Long             | EC               | CORP              | KY        |    277700 | NS      | $9141884.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| GE VERNOVA INC                      | GE VERNOVA INC                                                   | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |     31000 | NS      | $27059900.00  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| CANVA INC                           | CANVA INC CL A PP                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      3000 | NS      | $4040370.00   | 0.10%             |  |  |  | Yes           |                  3 | On Loan: No      |
| UNUSUAL MACHINES INC /US            | UNUSUAL MACHINES INC /US                                         | CUSIP: 91532F102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    517400 | NS      | $6415760.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: —       |
| ONESTREAM INC                       | ONESTREAM INC                                                    | CUSIP: 68278B107<br>LEI: 254900CRBCHIYDC37W82 | Long             | EC               | CORP              | US        |      4600 | NS      | $110400.00    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| KARMAN HOLDINGS INC                 | KARMAN HOLDINGS INC                                              | CUSIP: 485924104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    563300 | NS      | $45092165.00  | 1.09%             |  |  |  | No            |                  1 | On Loan: —       |
| ARISTA NETWORKS INC                 | ARISTA NETWORKS INC                                              | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |    121400 | NS      | $14905492.00  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| SANDISK CORP/DE                     | SANDISK CORPORATION                                              | CUSIP: 80004C200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14800 | NS      | $9403032.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| PLAID INC/CA                        | PLAID INC/CA CLASS A PP                                          | CUSIP: N/A<br>LEI: 98450079AA92C0CDB189       | Long             | EC               | CORP              | US        |     16919 | NS      | $4778263.98   | 0.12%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ETORO GROUP LTD                     | ETORO GROUP LTD                                                  | CUSIP: N/A<br>LEI: 213800XPRPJK2X5QRG86       | Long             | EC               | CORP              | VG        |      4900 | NS      | $147147.00    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ROCKET LAB CORP                     | ROCKET LAB CORP                                                  | CUSIP: 773121108<br>LEI: 254900LNRW7906KUMM93 | Long             | EC               | CORP              | US        |    111100 | NS      | $7134842.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ANTHROPIC PBC                       | ANTHROPIC PBC SERIES F PC PP                                     | CUSIP: N/A<br>LEI: 984500B6DEB8CEBC4Z70       | Long             | EP               | CORP              | US        |     20900 | NS      | $5416026.00   | 0.13%             |  |  |  | Yes           |                  3 | On Loan: No      |
| LEGENCE CORP                        | LEGENCE CORP A                                                   | CUSIP: 52476L109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31000 | NS      | $1750260.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACK ROCK COFFEE BAR INC           | BLACK ROCK COFFEE BAR INC                                        | CUSIP: 092244102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7100 | NS      | $91732.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| OURA HEALTH OY                      | OURA HEALTH OY SER E PC PP                                       | CUSIP: N/A<br>LEI: 9845007104F45A4A4328       | Long             | EP               | CORP              | FI        |    159921 | NS      | $9441735.84   | 0.23%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MEDLINE INC                         | MEDLINE INC                                                      | CUSIP: 58507V107<br>LEI: 984500FAN6J1P8566D43 | Long             | EC               | CORP              | US        |     74800 | NS      | $3328600.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| LENSKART SOLUTIONS LTD              | LENSKART SOLUTIONS LTD / FDI ONLY (6 MONTH LOCK-UP - 05/07/2026) | CUSIP: N/A<br>LEI: 984500L5O4479DCDCF14       | Long             | EC               | CORP              | IN        |    579644 | NS      | $3146704.08   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| OPENAI GROUP PBC                    | OPENAI GROUP PBC A-3 PC PP                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |      4673 | NS      | $3213575.37   | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MEESHO                              | MEESHO Limited / FDI ONLY (6 MONTH LOCK-UP - 06/09/2026)         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IN        |    841709 | NS      | $1284878.53   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| DATABRICKS INC                      | DATABRICKS INC SER L PC PP                                       | CUSIP: N/A<br>LEI: 984500FEDAC7FBD96273       | Long             | EP               | CORP              | US        |     36300 | NS      | $5993130.00   | 0.14%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ANTHROPIC PBC                       | ANTHROPIC PBC SERIES G PC PP                                     | CUSIP: N/A<br>LEI: 984500B6DEB8CEBC4Z70       | Long             | EP               | CORP              | US        |     21100 | NS      | $5467854.00   | 0.13%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CONCRETE PARTNERS HOLDING LLC       | SUNCRETE INC PIPE                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |   1007182 | NS      | $11622880.28  | 0.28%             |  |  |  | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** Stacie M. Smith

**Signature:** Stacie M. Smith

**Name of Signer:** Stacie M. Smith

**Title:** President and Treasurer