# EDGAR Filing Document

**Accession Number:** 0000275309
**File Stem:** 0001752724-23-067486
**Filing Date:** 2023-3
**Character Count:** 32305
**Document Hash:** 5e56a12d06deea8200caf947fbcec4e4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-067486.hdr.sgml**: 20230327

**ACCESSION NUMBER**: 0001752724-23-067486

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230327

**DATE AS OF CHANGE**: 20230327

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY CAPITAL TRUST
- **CENTRAL INDEX KEY:** 0000275309
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02841
- **FILM NUMBER:** 23763569

**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 VALUE FUND
- **DATE OF NAME CHANGE:** 19870114

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY DISCOVERER FUND
- **DATE OF NAME CHANGE:** 19860803

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY ASSET INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19840205

## Series and Classes Contracts Data

### Fidelity Focused Stock Fund (Series ID: S000005452)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000014853 | Fidelity Focused Stock Fund | FTQGX           |

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Fidelity**<sup>®</sup> **Focused Stock Fund**

**January 31, 2023**

TQG-NPRT1-0423

1.813068.118 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Common Stocks - 99.4%** | &nbsp;&nbsp;**Common Stocks - 99.4%** | &nbsp;&nbsp;**Common Stocks - 99.4%** |
|  | Shares | Value ($)<br>|
| COMMUNICATION SERVICES - 3.4%  |  |  |
| Interactive Media & Services - 3.4% |  |  |
| Alphabet, Inc. Class A (a) | 889000 | 87868760 |
| CONSUMER DISCRETIONARY - 14.6%  |  |  |
| Hotels, Restaurants & Leisure - 1.1% |  |  |
| Booking Holdings, Inc. (a) | 9200 | 22393720 |
| Trip.com Group Ltd. ADR (a) | 199000 | 7315240 |
|  |  | 29708960 |
| Internet & Direct Marketing Retail - 4.2% |  |  |
| Alibaba Group Holding Ltd. sponsored ADR (a) | 379000 | 41765800 |
| Amazon.com, Inc. (a) | 628000 | 64765640 |
|  |  | 106531440 |
| Multiline Retail - 1.9% |  |  |
| Target Corp.  | 282000 | 48543480 |
| Specialty Retail - 4.7% |  |  |
| Ross Stores, Inc.  | 86000 | 10164340 |
| TJX Companies, Inc.  | 1335000 | 109283100 |
|  |  | 119447440 |
| Textiles, Apparel & Luxury Goods - 2.7% |  |  |
| Deckers Outdoor Corp. (a) | 65727 | 28096978 |
| lululemon athletica, Inc. (a) | 50000 | 15344000 |
| LVMH Moet Hennessy Louis Vuitton SE  | 29000 | 25316288 |
|  |  | 68757266 |
| TOTAL CONSUMER DISCRETIONARY |  | 372988586 |
| CONSUMER STAPLES - 0.9%  |  |  |
| Beverages - 0.9% |  |  |
| Constellation Brands, Inc. Class A (sub. vtg.)  | 97000 | 22457440 |
| ENERGY - 1.8%  |  |  |
| Oil, Gas & Consumable Fuels - 1.8% |  |  |
| PrairieSky Royalty Ltd. (b) | 2707032 | 46509151 |
| FINANCIALS - 22.7%  |  |  |
| Banks - 1.9% |  |  |
| JPMorgan Chase & Co.  | 348000 | 48706080 |
| Capital Markets - 13.6% |  |  |
| BlackRock, Inc. Class A  | 68000 | 51626280 |
| Moody's Corp.  | 126810 | 40927928 |
| Morgan Stanley  | 914000 | 88959620 |
| MSCI, Inc.  | 75000 | 39867000 |
| S&P Global, Inc.  | 340294 | 127589832 |
|  |  | 348970660 |
| Insurance - 7.2% |  |  |
| Arthur J. Gallagher & Co.  | 162000 | 31706640 |
| Chubb Ltd.  | 215800 | 49092342 |
| The Travelers Companies, Inc.  | 544400 | 104045728 |
|  |  | 184844710 |
| TOTAL FINANCIALS |  | 582521450 |
| HEALTH CARE - 15.9%  |  |  |
| Biotechnology - 3.5% |  |  |
| Gilead Sciences, Inc.  | 403000 | 33827820 |
| Vertex Pharmaceuticals, Inc. (a) | 170000 | 54927000 |
|  |  | 88754820 |
| Health Care Providers & Services - 3.4% |  |  |
| UnitedHealth Group, Inc.  | 176000 | 87857440 |
| Life Sciences Tools & Services - 2.0% |  |  |
| Thermo Fisher Scientific, Inc.  | 89000 | 50759370 |
| Pharmaceuticals - 7.0% |  |  |
| Eli Lilly & Co.  | 313000 | 107718950 |
| Royalty Pharma PLC  | 1819000 | 71286610 |
|  |  | 179005560 |
| TOTAL HEALTH CARE |  | 406377190 |
| INDUSTRIALS - 4.6%  |  |  |
| Machinery - 3.0% |  |  |
| Cummins, Inc.  | 310127 | 77389092 |
| Road & Rail - 1.6% |  |  |
| J.B. Hunt Transport Services, Inc.  | 213000 | 40267650 |
| TOTAL INDUSTRIALS |  | 117656742 |
| INFORMATION TECHNOLOGY - 32.5%  |  |  |
| Electronic Equipment & Components - 0.3% |  |  |
| CDW Corp.  | 39687 | 7779843 |
| IT Services - 12.2% |  |  |
| Block, Inc. Class A (a) | 618000 | 50502960 |
| Fiserv, Inc. (a) | 1177971 | 125665946 |
| MasterCard, Inc. Class A  | 57000 | 21124200 |
| PayPal Holdings, Inc. (a) | 391000 | 31862590 |
| Shift4 Payments, Inc. (a) | 268000 | 17162720 |
| Visa, Inc. Class A  | 283000 | 65149430 |
|  |  | 311467846 |
| Semiconductors & Semiconductor Equipment - 8.4% |  |  |
| Allegro MicroSystems LLC (a) | 731000 | 27902270 |
| KLA Corp.  | 51000 | 20016480 |
| Lattice Semiconductor Corp. (a) | 491392 | 37242600 |
| Marvell Technology, Inc.  | 337220 | 14551043 |
| NVIDIA Corp.  | 326000 | 63690620 |
| onsemi (a) | 182000 | 13367900 |
| Teradyne, Inc.  | 385000 | 39154500 |
|  |  | 215925413 |
| Software - 7.3% |  |  |
| Fair Isaac Corp. (a) | 14000 | 9323300 |
| Microsoft Corp.  | 544000 | 134808640 |
| Oracle Corp.  | 425000 | 37595500 |
| ServiceNow, Inc. (a) | 11000 | 5006430 |
|  |  | 186733870 |
| Technology Hardware, Storage & Peripherals - 4.3% |  |  |
| Apple, Inc.  | 756000 | 109083240 |
| TOTAL INFORMATION TECHNOLOGY |  | 830990212 |
| UTILITIES - 3.0%  |  |  |
| Electric Utilities - 3.0% |  |  |
| Constellation Energy Corp.  | 908000 | 77506880 |
| <br> **TOTAL COMMON STOCKS**<br> (Cost $2,045,275,933) |  | <br> **2544876411** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 1.9%** | &nbsp;&nbsp;**Money Market Funds - 1.9%** | &nbsp;&nbsp;**Money Market Funds - 1.9%** |
|  | Shares | Value ($)<br>|
| Fidelity Cash Central Fund 4.38% (c) | 44703974 | 44712915 |
| Fidelity Securities Lending Cash Central Fund 4.38% (c)(d) | 3036593 | 3036896 |
| <br> **TOTAL MONEY MARKET FUNDS**<br> (Cost $47,749,811) |  | **47749811** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 101.3%**<br> (Cost $2,093,025,744)<br>| <br>**2592626222** |
| **NET OTHER ASSETS (LIABILITIES) - (1.3)%**  | **(33645451)** |
| **NET ASSETS - 100.0%** | **2558980771** |

---

**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**

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 ($) | % ownership,<br> end<br> of period |
| Fidelity Cash Central Fund 4.38% | 6946087 | 386668778 | 348901950 | 774968 | - | - | 44712915 | 0.1% |
| Fidelity Securities Lending Cash Central Fund 4.38% | 2265950 | 4511182 | 3740236 | 1057 | - | - | 3036896 | 0.0% |
| Total | 9212037 | 391179960 | 352642186 | 776025 | - | - | 47749811 |  |

---

Amounts in the dividend 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.

**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.

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 Capital Trust

- **b. Investment Company Act file number:** 811-02841

- **c. CIK number of Registrant:** 0000275309

- **d. LEI of Registrant:** IV6I0ESBGYIQU6DO1B35

- **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 Focused Stock Fund

- **b. EDGAR series identifier (if any):** S000005452

- **c. LEI of Series:** OADHEP9E1VEPLLH6CD31

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

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**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:** $2604361054.07

**Total Liabilities:** $43452088.44

**Net Assets:** $2560908965.63

**Cash Not Reported:** $137.27

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000014853 | 3.57%                | -5.48%               | 5.37%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-58382125.58            | $147526608.25                              |
| Month 2  | $12367409.61             | $-157917114.00                             |
| Month 3  | $19556187.22             | $110745624.93                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| THERMO FISHER SCIENTIFIC INC        | THERMO FISHER SCIENTIFIC INC                  | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |     96000 | NS      | $54751680.00  | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| PRAIRIESKY ROYALTY LTD              | PRAIRIESKY ROYALTY LTD                        | CUSIP: 739721108<br>LEI: 529900AXG582AP7CV733 | Long             | EC               | CORP              | CA        |   2707032 | NS      | $46509151.49  | 1.82%             |  |  |  | No            |                  1 | On Loan: —       |
| TERADYNE INC                        | TERADYNE INC                                  | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |    371000 | NS      | $37730700.00  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC                           | APPLE INC                                     | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    765000 | NS      | $110381850.00 | 4.31%             |  |  |  | No            |                  1 | On Loan: No      |
| LULULEMON ATHLETICA INC             | LULULEMON ATHLETICA INC                       | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |     50000 | NS      | $15344000.00  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION BRANDS INC            | CONSTELLATION BRANDS INC CL A                 | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |     97000 | NS      | $22457440.00  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM INC                      | AMAZON.COM INC                                | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    628000 | NS      | $64765640.00  | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                      | MICROSOFT CORP                                | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    544000 | NS      | $134808640.00 | 5.26%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVICENOW INC                      | SERVICENOW INC                                | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |     11000 | NS      | $5006430.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| S and P GLOBAL INC                  | S and P GLOBAL INC                            | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |    340294 | NS      | $127589832.36 | 4.98%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC                            | VISA INC CL A                                 | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |    271000 | NS      | $62386910.00  | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| ON SEMICONDUCTOR CORP               | ON SEMICONDUCTOR CORP                         | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |    152000 | NS      | $11164400.00  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| CHUBB LTD                           | CHUBB LTD                                     | CUSIP: N/A<br>LEI: E0JAN6VLUDI1HITHT809       | Long             | EC               | CORP              | CH        |    203800 | NS      | $46362462.00  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKROCK INC                       | BLACKROCK INC                                 | CUSIP: 09247X101<br>LEI: 549300LRIF3NWCU26A80 | Long             | EC               | CORP              | US        |     68000 | NS      | $51626280.00  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIBABA GROUP HOLDING LTD           | ALIBABA GROUP HOLDING LTD SPON ADR            | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |    379000 | NS      | $41765800.00  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| ORACLE CORP                         | ORACLE CORP                                   | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |    425000 | NS      | $37595500.00  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYALTY PHARMA PLC                  | ROYALTY PHARMA PLC                            | CUSIP: N/A<br>LEI: 549300FGFN7VOK8BZR03       | Long             | EC               | CORP              | GB        |   1819000 | NS      | $71286610.00  | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| TRIP.COM GROUP LTD                  | TRIP.COM GROUP LTD ADR                        | CUSIP: 89677Q107<br>LEI: 2549004RMYDSRQL4KW41 | Long             | EC               | CORP              | KY        |    199000 | NS      | $7315240.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX COMPANIES INC                   | TJX COMPANIES INC NEW                         | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |   1335000 | NS      | $109283100.00 | 4.27%             |  |  |  | No            |                  1 | On Loan: No      |
| CUMMINS INC                         | CUMMINS INC                                   | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |    310127 | NS      | $77389091.58  | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TARGET CORP                         | TARGET CORP                                   | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |    273000 | NS      | $46994220.00  | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| MARVELL TECHNOLOGY INC              | MARVELL TECHNOLOGY INC                        | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    337220 | NS      | $14551043.00  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLEGRO MICROSYSTEMS INC            | ALLEGRO MICROSYSTEMS INC                      | CUSIP: 01749D105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    601000 | NS      | $22940170.00  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| BOOKING HOLDINGS INC                | THE BOOKING HOLDINGS INC                      | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      9200 | NS      | $22393720.00  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| LVMH MOET HENNESSY LOUIS VUITTON SE | LVMH MOET HENNESSY LOUIS VUITTON SE           | CUSIP: N/A<br>LEI: IOG4E947OATN0KJYSD45       | Long             | EC               | CORP              | FR        |     29000 | NS      | $25316288.00  | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| PAYPAL HLDGS INC                    | PAYPAL HLDGS INC                              | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |    391000 | NS      | $31862590.00  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| GALLAGHER (ARTHUR J.) and CO        | ARTHUR J GALLAGHAR AND CO                     | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |    162000 | NS      | $31706640.00  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| LATTICE SEMICONDUCTOR CORP          | LATTICE SEMICONDUCTOR CORP                    | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |    491392 | NS      | $37242599.68  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| FISERV INC                          | FISERV INC                                    | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |   1177971 | NS      | $125665946.28 | 4.91%             |  |  |  | No            |                  1 | On Loan: No      |
| LILLY (ELI) and CO                  | LILLY (ELI) and CO                            | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |    313000 | NS      | $107718950.00 | 4.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust        | Fidelity Cash Central Fund                    | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |  44703974 | NS      | $44712915.02  | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| BLOCK INC                           | BLOCK INC CL A                                | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |    618000 | NS      | $50502960.00  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTEX PHARMACEUTICALS INC          | VERTEX PHARMACEUTICALS INC                    | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |    170000 | NS      | $54927000.00  | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION ENERGY CORP           | CONSTELLATION ENERGY CORP                     | CUSIP: 21037T109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    908000 | NS      | $77506880.00  | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA CORP                            | KLA CORP                                      | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |     51000 | NS      | $20016480.00  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW CORP                            | CDW CORPORATION                               | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |     37987 | NS      | $7446591.61   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| TRAVELERS COS INC                   | TRAVELERS COMPANIES INC                       | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |    544400 | NS      | $104045728.00 | 4.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                      | MORGAN STANLEY                                | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |    887000 | NS      | $86331710.00  | 3.37%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI INC                            | MSCI INC                                      | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |     75000 | NS      | $39867000.00  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust        | Fidelity Securities Lending Cash Central Fund | CUSIP: 31635A303<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |   3036593 | NS      | $3036896.40   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| FAIR ISAAC CORPORATION              | FAIR ISAAC CORP                               | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |     13000 | NS      | $8657350.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORP                         | NVIDIA CORP                                   | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    326000 | NS      | $63690620.00  | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE and CO               | JPMORGAN CHASE and CO                         | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    370000 | NS      | $51785200.00  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INC                      | MASTERCARD INC CL A                           | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     69000 | NS      | $25571400.00  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DECKERS OUTDOOR CORP                | DECKERS OUTDOOR CORP                          | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |     65727 | NS      | $28096977.96  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES INC                 | GILEAD SCIENCES INC                           | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |    403000 | NS      | $33827820.00  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INC              | UNITEDHEALTH GROUP INC                        | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |    176000 | NS      | $87857440.00  | 3.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SHIFT4 PAYMENTS INC                 | SHIFT4 PAYMENTS INC                           | CUSIP: 82452J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    268000 | NS      | $17162720.00  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| ROSS STORES INC                     | ROSS STORES INC                               | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |    108000 | NS      | $12764520.00  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| HUNT (JB) TRANSPORT SERVICES        | HUNT J B TRANSPORT SERVICES IN                | CUSIP: 445658107<br>LEI: 549300XCD1MPI1C5GK90 | Long             | EC               | CORP              | US        |    213000 | NS      | $40267650.00  | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| MOODYS CORP                         | MOODYS CORP                                   | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |    126810 | NS      | $40927927.50  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC                        | ALPHABET INC CL A                             | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    889000 | NS      | $87868760.00  | 3.43%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-02

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

**Signature:** Stacie M. Smith

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

**Title:** President and Treasurer