Vault-13

FIDELITY COVINGTON TRUST FELC

ENHANCED LARGE · ETP · CUSIP 316092113

193 institutional holders +16 vs Q2 2025
66,985,56167.0m shares reported held*
$2.5bnreported value*
32 new 98 added 34 reduced 12 sold out net bought ≈ $305.3m (+8.2m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $37.42.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q4 23: 71Q1 24: 79Q2 24: 97Q3 24: 113Q4 24: 143Q1 25: 159Q2 25: 177Q3 25: 193193Q4 23Q2 24Q4 24Q2 25Q3 25
Numbers
QuarterHolders
Q4 202371
Q1 202479
Q2 202497
Q3 2024113
Q4 2024143
Q1 2025159
Q2 2025177
Q3 2025193

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q1 24: 58 bought or addedQ1 24: 22 cut or sold outQ1 24Q2 24: 60 bought or addedQ2 24: 27 cut or sold outQ3 24: 77 bought or addedQ3 24: 28 cut or sold outQ3 24Q4 24: 95 bought or addedQ4 24: 26 cut or sold outQ1 25: 113 bought or addedQ1 25: 36 cut or sold outQ1 25Q2 25: 109 bought or addedQ2 25: 56 cut or sold outQ3 25: 130 bought or addedQ3 25: 46 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q1 20245822
Q2 20246027
Q3 20247728
Q4 20249526
Q1 202511336
Q2 202510956
Q3 202513046

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$1m$2m$3m$4mQ4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $3.6mQ1 25 puts: $0Q1 25P/C 0.00Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —
Numbers
QuarterCallsPutsP/C
Q4 2024$0$0—
Q1 2025$3.6m$00.00
Q2 2025$0$0—
Q3 2025$0$0—

Biggest buyers

FMR LLC Added +5,391,282+5.4m
TWO SIGMA INVESTMENTS, LP New +949,300+949.3k
NewEdge Advisors, LLC Added +849,640+849.6k
JPMORGAN CHASE & CO Added +736,953+737.0k
Cetera Investment Advisers Added +383,920+383.9k
Kestra Advisory Services, LLC Added +286,221+286.2k
KFG WEALTH MANAGEMENT, LLC Added +266,817+266.8k
Arax Advisory Partners New +241,518+241.5k
LPL Financial LLC Added +210,352+210.4k
Fragasso Financial Advisors Inc Added +153,425+153.4k

Biggest sellers

JANE STREET GROUP, LLC Reduced -1,349,197-1.3m
COMMONWEALTH EQUITY SERVICES, LLC Reduced -696,924-696.9k
ROYAL BANK OF CANADA Reduced -183,272-183.3k
KPP Advisory Services LLC Reduced -116,452-116.5k
GOLDMAN SACHS GROUP INC Sold out -71,838-71.8k
Financial Partners Group, Inc Reduced -64,337-64.3k
SUMMIT WEALTH GROUP LLC / CO Sold out -32,206-32.2k
OSAIC HOLDINGS, INC. Reduced -28,982-29.0k
CITADEL ADVISORS LLC Sold out -22,595-22.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -18,757-18.8k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FMR LLC 0.08% of their portfolio BOSTON, MA 38,783,47738.8m $1.4bn $1.4bn 0.08% Added +5.4m +5,391,282
2 Fragasso Financial Advisors Inc 8.04% of their portfolio SEWICKLEY, PA 3,448,9373.4m $128.9m $128.9m 8.04% Added +153.4k +153,425
3 COMMONWEALTH EQUITY SERVICES, LLC 0.14% of their portfolio WALTHAM, MA 2,840,7782.8m $105.9m $105.9m 0.14% Reduced -696.9k -696,924
4 KFG WEALTH MANAGEMENT, LLC 13.41% of their portfolio GRANGER, IN 2,491,1382.5m $92.8m $92.8m 13.41% Added +266.8k +266,817
5 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 2,351,4912.4m $87.6m $87.6m 0.03% Added +210.4k +210,352
6 EdgeRock Capital LLC 20.12% of their portfolio DENVER, CO 1,939,2051.9m $72.3m $72.3m 20.12% Added +52.1k +52,102
7 HighTower Advisors, LLC 0.06% of their portfolio CHICAGO, IL 1,517,7751.5m $56.6m $56.6m 0.06% Added +58.5k +58,547
8 OSAIC HOLDINGS, INC. 0.07% of their portfolio SCOTTSDALE, AZ 1,357,3591.4m $49.3m $49.3m 0.07% Reduced -29.0k -28,982
9 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,335,1421.3m $49.8m $49.8m 0.00% Added +737.0k +736,953
10 TWO SIGMA INVESTMENTS, LP 0.05% of their portfolio NEW YORK, NY 949,300949.3k $35.4m $35.4m 0.05% New
11 NewEdge Advisors, LLC 0.14% of their portfolio NEW ORLEANS, LA 851,231851.2k $31.7m $31.7m 0.14% Added +849.6k +849,640
12 Kestra Advisory Services, LLC 0.14% of their portfolio AUSTIN, TX 835,808835.8k $31.2m $31.2m 0.14% Added +286.2k +286,221
13 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.02% of their portfolio MILWAUKEE, WI 775,308775.3k $28.9m $28.9m 0.02% Added +140.8k +140,806
14 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 571,146571.1k $21.3m $21.3m 0.01% Added +143.9k +143,858
15 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 466,725466.7k $17.4m $17.4m 0.01% Added +29.2k +29,191
16 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 441,063441.1k $16.4m $16.4m 0.02% Added +383.9k +383,920
17 Mascoma Wealth Management LLC 3.19% of their portfolio HANOVER, NH 388,584388.6k $14.5m $14.5m 3.19% Added +17.7k +17,699
18 CWM, LLC 0.04% of their portfolio OMAHA, NE 322,687322.7k $12.0m $12.0m 0.04% Added +91.8k +91,821
19 FORTRESS FINANCIAL GROUP, LLC 8.09% of their portfolio ROCHESTER, MN 283,077283.1k $10.6m $10.6m 8.09% Added +44.7k +44,667
20 Arax Advisory Partners 0.28% of their portfolio NEW YORK, NY 241,518241.5k $19.8m $19.8m 0.28% New
21 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 225,209225.2k $8.4m $8.4m 0.01% Added +1.1k +1,069
22 FLAGSHIP WEALTH ADVISORS, LLC 2.48% of their portfolio WAKEFIELD, MA 202,297202.3k $7.5m $7.5m 2.48% Added +59.5k +59,514
23 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 191,575191.6k $7.1m $7.1m 0.01% Added +4.9k +4,897
24 PRINCIPAL SECURITIES, INC. 0.11% of their portfolio DES MOINES, IA 183,881183.9k $6.9m $6.9m 0.11% Reduced -9.4k -9,360
25 Equitable Holdings, Inc. 0.05% of their portfolio NEW YORK, NY 164,534164.5k $6.1m $6.1m 0.05% Added +76 +76
26 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 158,708158.7k $5.9m $5.9m 0.02% Added +2.1k +2,096
27 Williams & Novak, LLC 4.43% of their portfolio WESTLAKE VILLAGE, CA 154,346154.3k $5.8m $5.8m 4.43% Added +661 +661
28 LINCOLN CAPITAL CORP 2.03% of their portfolio EAST GREENWICH, RI 151,629151.6k $5.7m $5.7m 2.03% Reduced -4.5k -4,505
29 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 150,438150.4k $5.6m $5.6m 0.00% New
30 Able Wealth Management LLC 2.09% of their portfolio Toms River, NJ 149,468149.5k $5.6m $5.6m 2.09% Reduced -3.1k -3,133
31 TBH Global Asset Management, LLC 0.96% of their portfolio Brentwood, TN 131,549131.5k $4.9m $4.9m 0.96% New
32 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 126,884126.9k $4.7m $4.7m 0.00% Reduced -183.3k -183,272
33 Financial Partners Group, Inc 0.57% of their portfolio Overland Park, KS 121,889121.9k $4.5m $4.5m 0.57% Reduced -64.3k -64,337
34 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 111,184111.2k $4.1m $4.1m 0.01% Reduced -12.0k -12,031
35 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 109,990110.0k $4.1m $4.1m 0.00% Added +25.6k +25,603
36 Rooted Wealth Advisors, Inc. 1.12% of their portfolio BOURBONNAIS, IL 98,27298.3k $3.7m $3.7m 1.12% Added +3.5k +3,458
37 SAX WEALTH ADVISORS, LLC 0.17% of their portfolio PARSIPPANY, NJ 85,29585.3k $3.2m $3.2m 0.17% Added +19.4k +19,363
38 Canvas Wealth Advisors, LLC 0.58% of their portfolio SHAWNEE, KS 84,81984.8k $3.2m $3.2m 0.58% Added +8.2k +8,239
39 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 80,22580.2k $3.0m $3.0m 0.00% Added +25.6k +25,569
40 SILVERLAKE WEALTH MANAGEMENT LLC 0.72% of their portfolio WILLISTON, VT 78,78178.8k $2.9m $2.9m 0.72% Added +3.4k +3,384
41 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 70,70070.7k $2.6m $2.6m 0.00% Added +7.6k +7,600
42 Investmark Advisory Group LLC 1.14% of their portfolio Shelton, CT 70,25370.3k $2.6m $2.6m 1.14% Added +15.8k +15,755
43 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 69,85969.9k $2.6m $2.6m 0.00% Added +12.0k +12,011
44 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 69,40369.4k $2.6m $2.6m 0.00% Added +1.2k +1,250
45 Rollins Financial Advisors, LLC 0.37% of their portfolio ATLANTA, GA 65,84665.8k $2.5m $2.5m 0.37% Reduced -1.7k -1,732
46 AAF Wealth Management, LLC 0.90% of their portfolio WESTBOROUGH, MA 53,38953.4k $2.0m $2.0m 0.90% Reduced -381 -381
47 Betterment LLC 0.00% of their portfolio NEW YORK, NY 52,38152.4k $2.0m $2.0m 0.00% Added +5.9k +5,923
48 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 51,45451.5k $1.9m $1.9m 0.01% Added +13.2k +13,180
49 D.A. DAVIDSON & CO. 0.01% of their portfolio GREAT FALLS, MT 49,59349.6k $1.8m $1.8m 0.01% Reduced -100 -100
50 MARIPAU WEALTH MANAGEMENT LLC 0.92% of their portfolio FORT WAYNE, IN 49,08249.1k $1.8m $1.8m 0.92% Added +14.5k +14,527
51 Signal Advisors Wealth, LLC 0.16% of their portfolio DETROIT, MI 48,08448.1k $1.8m $1.8m 0.16% Added +13.5k +13,529
52 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 45,82245.8k $1.7m $1.7m 0.00% Added +19.3k +19,267
53 B. Riley Wealth Advisors, Inc. 0.07% of their portfolio MEMPHIS, TN 38,55138.6k $1.4m $1.4m 0.07% Added +3.5k +3,532
54 MATHER GROUP, LLC. 0.01% of their portfolio CHICAGO, IL 35,77135.8k $1.3m $1.3m 0.01% Added +21 +21
55 KPP Advisory Services LLC 0.20% of their portfolio Louisville, KY 35,40535.4k $1.3m $1.3m 0.20% Reduced -116.5k -116,452
56 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 35,38835.4k $1.3m $1.3m 0.00% Added +17.7k +17,698
57 Certified Advisory Corp 0.12% of their portfolio ALTAMONTE SPRINGS, FL 32,78632.8k $1.2m $1.2m 0.12% Added +121 +121
58 New England Private Wealth Advisors LLC 0.16% of their portfolio WELLESLEY, MA 32,32332.3k $1.2m $1.2m 0.16% Added +70 +70
59 Broadview Financial Management, LLC 0.78% of their portfolio WAUWATOSA, WI 31,21231.2k $1.2m $1.2m 0.78% Reduced -182 -182
60 IFG Advisory, LLC 0.05% of their portfolio ATLANTA, GA 30,45830.5k $1.1m $1.1m 0.05% Added +2.3k +2,346
61 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 30,34330.3k $1.1m $1.1m 0.01% Added +22.2k +22,159
62 FLAGSHIP HARBOR ADVISORS, LLC 0.05% of their portfolio BOSTON, MA 29,96530.0k $1.1m $1.1m 0.05% Added +1.1k +1,092
63 Mariner, LLC 0.00% of their portfolio Overland Park, KS 28,56228.6k $1.1m $1.1m 0.00% Reduced -546 -546
64 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 25,98326.0k $968.4k $968.4k 0.00% Reduced -18.8k -18,757
65 AXXCESS WEALTH MANAGEMENT, LLC 0.02% of their portfolio CARLSBAD, CA 25,86525.9k $964.0k $964.0k 0.02% New
66 HARBOUR INVESTMENTS, INC. 0.02% of their portfolio MADISON, WI 25,02325.0k $932.6k $932.6k 0.02% Added +2.2k +2,240
67 J.W. COLE ADVISORS, INC. 0.02% of their portfolio TAMPA, FL 23,44723.4k $873.9k $873.9k 0.02% Reduced -2.7k -2,675
68 Mayfair Advisory Group, LLC 0.37% of their portfolio BIRMINGHAM, AL 23,26123.3k $866.9k $866.9k 0.37% Added +625 +625
69 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 23,19123.2k $864.4k $864.4k 0.00% Added +4.0k +4,003
70 Salus Financial Advisors, LLC 0.53% of their portfolio COLORADO SPRINGS, CO 22,84022.8k $851.3k $851.3k 0.53% Reduced -14.8k -14,757
71 Sowell Financial Services LLC 0.03% of their portfolio NORTH LITTLE ROCK, AR 22,25522.3k $829.5k $829.5k 0.03% Added +14.3k +14,274
72 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 21,22421.2k $791.0k $791.0k 0.00% Reduced -1.3m -1,349,197
73 Csenge Advisory Group 0.04% of their portfolio CLEARWATER, FL 20,69520.7k $771.3k $771.3k 0.04% New
74 BridgePort Financial Solutions, LLC 0.20% of their portfolio FAIRFIELD, IA 20,00320.0k $745.5k $745.5k 0.20% Unchanged
75 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 19,66619.7k $733.0k $733.0k 0.00% Reduced -469 -469
76 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 19,32919.3k $720.4k $720.4k 0.00% New
77 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 19,30119.3k $719.3k $719.3k 0.00% Reduced -10.4k -10,428
78 Farther Finance Advisors, LLC 0.01% of their portfolio SAN FRANCISCO, CA 18,28618.3k $681.5k $681.5k 0.01% Added +13.0k +12,986
79 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 17,22217.2k $641.9k $641.9k 0.01% Reduced -3.5k -3,546
80 Element Wealth, LLC 0.27% of their portfolio RIDGELAND, MS 16,76716.8k $624.9k $624.9k 0.27% Reduced -14 -14
81 Modera Wealth Management, LLC 0.01% of their portfolio WESTWOOD, NJ 16,62916.6k $619.7k $619.7k 0.01% Added +7 +7
82 Valeo Financial Advisors, LLC 0.01% of their portfolio CARMEL, IN 16,50616.5k $615.2k $615.2k 0.01% Added +33 +33
83 Concurrent Investment Advisors, LLC 0.01% of their portfolio Tampa, FL 15,39215.4k $573.6k $573.6k 0.01% Added +183 +183
84 UBS Group AG 0.00% of their portfolio ZURICH, V8 14,73314.7k $549.1k $549.1k 0.00% Added +13.5k +13,498
85 Geneva Partners, LLC 0.20% of their portfolio LAKE GENEVA, WI 14,50314.5k $540.5k $540.5k 0.20% Reduced -3.7k -3,692
86 Tower Research Capital LLC (TRC) 0.01% of their portfolio NEW YORK, NY 14,39014.4k $536.3k $536.3k 0.01% Added +13.1k +13,074
87 NCM Capital Management, LLC 0.19% of their portfolio RAMSEY, NJ 13,39013.4k $499.1k $499.1k 0.19% Added +29 +29
88 Kingsview Wealth Management, LLC 0.01% of their portfolio GRANTS PASS, OR 13,32813.3k $496.7k $496.7k 0.01% Reduced -2.0k -1,955
89 Lighthouse Financial LLC 0.32% of their portfolio LARGO, FL 12,95012.9k $482.6k $482.6k 0.32% Added +1.9k +1,900
90 Axis Wealth Partners, LLC 0.28% of their portfolio EAST PROVIDENCE, RI 12,90912.9k $481.1k $481.1k 0.28% Added +3.0k +3,021
91 Harbor Asset Planning, Inc. 0.43% of their portfolio BELMONT, MA 12,88912.9k $480.4k $480.4k 0.43% Added +27 +27
92 Financial Perspectives, Inc 0.13% of their portfolio MINNEAPOLIS, MN 12,84912.8k $478.9k $478.9k 0.13% Added +2.0k +2,017
93 Strategic Blueprint, LLC 0.02% of their portfolio ATLANTA, GA 12,81112.8k $477.5k $477.5k 0.02% Reduced -12.1k -12,060
94 Peak Retirement Planning, Inc. 0.13% of their portfolio COLUMBUS, OH 12,45512.5k $464.2k $464.2k 0.13% Added +297 +297
95 Prosperity Wealth Management, Inc. 0.15% of their portfolio San Ramon, CA 12,23012.2k $455.8k $455.8k 0.15% Reduced -248 -248
96 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 11,99212.0k $446.9k $446.9k 0.00% Added +1.9k +1,933
97 Hudock, Inc. 0.07% of their portfolio Williamsport, PA 11,86011.9k $442.0k $442.0k 0.07% Unchanged
98 Regal Investment Advisors LLC 0.03% of their portfolio KENTWOOD, MI 11,66311.7k $434.7k $434.7k 0.03% Added +19 +19
99 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 11,18811.2k $417.0k $417.0k 0.00% Added +1.4k +1,365
100 Apella Capital, LLC 0.01% of their portfolio WEST HARTFORD, CT 10,77210.8k $395.8k $395.8k 0.01% New