Vault-13

FIDELITY COVINGTON TRUST FELC

ENHANCED LARGE · ETP · CUSIP 316092113

227 institutional holders +34 vs Q3 2025
81,788,06781.8m shares reported held*
$3.1bnreported value*
42 new 107 added 33 reduced 18 sold out net bought ≈ $495.6m (+13.0m 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 ≈ $38.17.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q4 23: 71Q1 24: 79Q2 24: 97Q3 24: 113Q4 24: 143Q1 25: 159Q2 25: 177Q3 25: 193Q4 25: 227227Q4 23Q2 24Q4 24Q2 25Q4 25
Numbers
QuarterHolders
Q4 202371
Q1 202479
Q2 202497
Q3 2024113
Q4 2024143
Q1 2025159
Q2 2025177
Q3 2025193
Q4 2025227

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 outQ2 24: 60 bought or addedQ2 24: 27 cut or sold outQ2 24Q3 24: 77 bought or addedQ3 24: 28 cut or sold outQ4 24: 95 bought or addedQ4 24: 26 cut or sold outQ4 24Q1 25: 113 bought or addedQ1 25: 36 cut or sold outQ2 25: 109 bought or addedQ2 25: 56 cut or sold outQ2 25Q3 25: 130 bought or addedQ3 25: 46 cut or sold outQ4 25: 149 bought or addedQ4 25: 51 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20245822
Q2 20246027
Q3 20247728
Q4 20249526
Q1 202511336
Q2 202510956
Q3 202513046
Q4 202514951

Calls vs puts

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

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

Biggest buyers

FMR LLC Added +8,462,725+8.5m
CWM, LLC Added +1,073,930+1.1m
COMMONWEALTH EQUITY SERVICES, LLC Added +489,073+489.1k
Blake Schutter Theil Wealth Advisors, LLC New +480,387+480.4k
AMERIPRISE FINANCIAL INC Added +472,558+472.6k
BANK OF AMERICA CORP /DE/ Added +367,736+367.7k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +355,835+355.8k
LPL Financial LLC Added +301,991+302.0k
NewEdge Advisors, LLC Added +293,583+293.6k
KFG WEALTH MANAGEMENT, LLC Added +219,527+219.5k

Biggest sellers

JPMORGAN CHASE & CO Reduced -617,690-617.7k
Arax Advisory Partners Reduced -241,399-241.4k
TBH Global Asset Management, LLC Sold out -131,549-131.5k
Cetera Investment Advisers Reduced -97,581-97.6k
Canvas Wealth Advisors, LLC Reduced -76,767-76.8k
OSAIC HOLDINGS, INC. Reduced -57,124-57.1k
RENAISSANCE TECHNOLOGIES LLC Reduced -42,000-42.0k
TRUIST FINANCIAL CORP Reduced -19,286-19.3k
Financial Partners Group, Inc Reduced -16,918-16.9k
Tower Research Capital LLC (TRC) Sold out -14,390-14.4k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FMR LLC 0.09% of their portfolio BOSTON, MA 47,246,20247.2m $1.8bn $1.8bn 0.09% Added +8.5m +8,462,725
2 Fragasso Financial Advisors Inc 8.34% of their portfolio SEWICKLEY, PA 3,606,9123.6m $137.7m $137.7m 8.34% Added +158.0k +157,975
3 COMMONWEALTH EQUITY SERVICES, LLC 0.17% of their portfolio WALTHAM, MA 3,329,8513.3m $127.1m $127.1m 0.17% Added +489.1k +489,073
4 KFG WEALTH MANAGEMENT, LLC 13.84% of their portfolio GRANGER, IN 2,710,6652.7m $103.5m $103.5m 13.84% Added +219.5k +219,527
5 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 2,653,4822.7m $101.3m $101.3m 0.03% Added +302.0k +301,991
6 EdgeRock Capital LLC 19.98% of their portfolio DENVER, CO 1,966,7672.0m $75.1m $75.1m 19.98% Added +27.6k +27,562
7 HighTower Advisors, LLC 0.07% of their portfolio CHICAGO, IL 1,709,1821.7m $65.2m $65.2m 0.07% Added +191.4k +191,407
8 SHP Wealth Management 4.53% of their portfolio PLYMOUTH, MA 1,525,8421.5m $58.2m $58.2m 4.53% First filing
9 CWM, LLC 0.14% of their portfolio OMAHA, NE 1,396,6171.4m $53.3m $53.3m 0.14% Added +1.1m +1,073,930
10 OSAIC HOLDINGS, INC. 0.07% of their portfolio SCOTTSDALE, AZ 1,300,2351.3m $49.6m $49.6m 0.07% Reduced -57.1k -57,124
11 NewEdge Advisors, LLC 0.16% of their portfolio NEW ORLEANS, LA 1,144,8141.1m $43.7m $43.7m 0.16% Added +293.6k +293,583
12 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.03% of their portfolio MILWAUKEE, WI 1,131,1431.1m $43.2m $43.2m 0.03% Added +355.8k +355,835
13 TWO SIGMA INVESTMENTS, LP 0.06% of their portfolio NEW YORK, NY 1,114,0001.1m $42.5m $42.5m 0.06% Added +164.7k +164,700
14 Kestra Advisory Services, LLC 0.14% of their portfolio AUSTIN, TX 882,121882.1k $33.7m $33.7m 0.14% Added +46.3k +46,313
15 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 779,056779.1k $29.7m $29.7m 0.01% Added +207.9k +207,910
16 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 717,452717.5k $27.4m $27.4m 0.00% Reduced -617.7k -617,690
17 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 622,996623.0k $23.8m $23.8m 0.01% Added +472.6k +472,558
18 Blake Schutter Theil Wealth Advisors, LLC 15.08% of their portfolio DAYTON, OH 480,387480.4k $18.3m $18.3m 15.08% New
19 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 475,986476.0k $18.2m $18.2m 0.01% Added +9.3k +9,261
20 Mascoma Wealth Management LLC 3.25% of their portfolio HANOVER, NH 397,652397.7k $15.2m $15.2m 3.25% Added +9.1k +9,068
21 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 387,037387.0k $14.8m $14.8m 0.00% Added +367.7k +367,736
22 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 343,482343.5k $13.1m $13.1m 0.01% Reduced -97.6k -97,581
23 FORTRESS FINANCIAL GROUP, LLC 8.44% of their portfolio ROCHESTER, MN 299,546299.5k $11.4m $11.4m 8.44% Added +16.5k +16,469
24 FLAGSHIP WEALTH ADVISORS, LLC 2.69% of their portfolio WAKEFIELD, MA 242,371242.4k $9.3m $9.3m 2.69% Added +40.1k +40,074
25 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 223,905223.9k $8.7m $8.7m 0.01% Reduced -1.3k -1,304
26 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 191,822191.8k $7.3m $7.3m 0.01% Added +247 +247
27 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 190,676190.7k $7.3m $7.3m 0.00% Added +63.8k +63,792
28 Equitable Holdings, Inc. 0.05% of their portfolio NEW YORK, NY 175,011175.0k $6.7m $6.7m 0.05% Added +10.5k +10,477
29 PRINCIPAL SECURITIES, INC. 0.10% of their portfolio DES MOINES, IA 170,434170.4k $6.5m $6.5m 0.10% Reduced -13.4k -13,447
30 Clearwave Capital, LLC 4.66% of their portfolio UPLAND, CA 165,269165.3k $6.3m $6.3m 4.66% First filing
31 Williams & Novak, LLC 4.50% of their portfolio WESTLAKE VILLAGE, CA 156,702156.7k $6.0m $6.0m 4.50% Added +2.4k +2,356
32 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 152,331152.3k $5.8m $5.8m 0.02% Reduced -6.4k -6,377
33 Able Wealth Management LLC 1.82% of their portfolio Toms River, NJ 150,850150.8k $5.8m $5.8m 1.82% Added +1.4k +1,382
34 LINCOLN CAPITAL CORP 2.04% of their portfolio EAST GREENWICH, RI 150,818150.8k $5.8m $5.8m 2.04% Reduced -811 -811
35 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 149,715149.7k $5.7m $5.7m 0.01% Added +39.7k +39,725
36 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 136,934136.9k $5.2m $5.2m 0.00% Added +56.7k +56,709
37 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 113,419113.4k $4.3m $4.3m 0.01% Added +2.2k +2,235
38 SAX WEALTH ADVISORS, LLC 0.19% of their portfolio PARSIPPANY, NJ 105,951106.0k $4.0m $4.0m 0.19% Added +20.7k +20,656
39 Financial Partners Group, Inc 0.47% of their portfolio Overland Park, KS 104,971105.0k $4.1m $4.1m 0.47% Reduced -16.9k -16,918
40 Rooted Wealth Advisors, Inc. 1.13% of their portfolio BOURBONNAIS, IL 104,541104.5k $4.0m $4.0m 1.13% Added +6.3k +6,269
41 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 103,903103.9k $4.0m $4.0m 0.00% Added +58.1k +58,081
42 Farther Finance Advisors, LLC 0.04% of their portfolio SAN FRANCISCO, CA 89,99190.0k $3.4m $3.4m 0.04% Added +71.7k +71,705
43 SILVERLAKE WEALTH MANAGEMENT LLC 0.69% of their portfolio WILLISTON, VT 80,39980.4k $3.1m $3.1m 0.69% Added +1.6k +1,618
44 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 78,91778.9k $3.0m $3.0m 0.00% Added +52.9k +52,934
45 Investmark Advisory Group LLC 1.22% of their portfolio Shelton, CT 75,25275.3k $2.9m $2.9m 1.22% Added +5.0k +4,999
46 Keating Financial Advisory Services, Inc. 0.38% of their portfolio MANHATTAN, KS 72,48072.5k $2.8m $2.8m 0.38% First filing
47 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 70,33570.3k $2.7m $2.7m 0.00% Added +932 +932
48 Rollins Financial Advisors, LLC 0.37% of their portfolio ATLANTA, GA 65,99466.0k $2.5m $2.5m 0.37% Added +148 +148
49 &PARTNERS 0.01% of their portfolio NASHVILLE, TN 65,29965.3k $2.5m $2.5m 0.01% Added +46.0k +45,970
50 Betterment LLC 0.00% of their portfolio NEW YORK, NY 58,80758.8k $2.2m $2.2m 0.00% Added +6.4k +6,426
51 M Holdings Securities, Inc. 0.16% of their portfolio PORTLAND, OR 57,09857.1k $2.2m $2.2m 0.16% New
52 AAF Wealth Management, LLC 0.88% of their portfolio WESTBOROUGH, MA 54,40854.4k $2.1m $2.1m 0.88% Added +1.0k +1,019
53 Signal Advisors Wealth, LLC 0.15% of their portfolio DETROIT, MI 51,04151.0k $1.9m $1.9m 0.15% Added +3.0k +2,957
54 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 50,57350.6k $1.9m $1.9m 0.00% Reduced -19.3k -19,286
55 MARIPAU WEALTH MANAGEMENT LLC 0.88% of their portfolio FORT WAYNE, IN 50,48550.5k $1.9m $1.9m 0.88% Added +1.4k +1,403
56 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 49,75949.8k $1.9m $1.9m 0.01% Reduced -1.7k -1,695
57 D.A. DAVIDSON & CO. 0.01% of their portfolio GREAT FALLS, MT 48,90648.9k $1.9m $1.9m 0.01% Reduced -687 -687
58 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 46,94146.9k $1.8m $1.8m 0.01% Added +16.6k +16,598
59 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 44,58444.6k $1.7m $1.7m 0.00% Added +9.2k +9,196
60 Savvy Advisors, Inc. 0.05% of their portfolio NEW YORK, NY 42,82242.8k $1.6m $1.6m 0.05% New
61 Mariner, LLC 0.00% of their portfolio Overland Park, KS 42,80842.8k $1.6m $1.6m 0.00% Added +14.2k +14,246
62 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 42,72042.7k $1.6m $1.6m 0.00% Added +21.5k +21,496
63 KPP Advisory Services LLC 0.23% of their portfolio Louisville, KY 41,17741.2k $1.6m $1.6m 0.23% Added +5.8k +5,772
64 Element Wealth, LLC 0.62% of their portfolio RIDGELAND, MS 39,48739.5k $1.5m $1.5m 0.62% Added +22.7k +22,720
65 B. Riley Wealth Advisors, Inc. 0.07% of their portfolio MEMPHIS, TN 39,09839.1k $1.5m $1.5m 0.07% Added +547 +547
66 LaSalle St. Investment Advisors, LLC 0.22% of their portfolio ELMHURST, IL 36,50136.5k $1.4m $1.4m 0.22% New
67 IFG Advisory, LLC 0.06% of their portfolio ATLANTA, GA 36,43136.4k $1.4m $1.4m 0.06% Added +6.0k +5,973
68 MATHER GROUP, LLC. 0.01% of their portfolio CHICAGO, IL 35,77135.8k $1.4m $1.4m 0.01% Unchanged
69 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 34,80134.8k $1.3m $1.3m 0.00% Added +15.1k +15,135
70 FLAGSHIP HARBOR ADVISORS, LLC 0.06% of their portfolio BOSTON, MA 33,67833.7k $1.3m $1.3m 0.06% Added +3.7k +3,713
71 New England Private Wealth Advisors LLC 0.15% of their portfolio WELLESLEY, MA 32,38132.4k $1.2m $1.2m 0.15% Added +58 +58
72 Certified Advisory Corp 0.11% of their portfolio ALTAMONTE SPRINGS, FL 31,37631.4k $1.2m $1.2m 0.11% Reduced -1.4k -1,410
73 Sowell Financial Services LLC 0.04% of their portfolio NORTH LITTLE ROCK, AR 29,95430.0k $1.1m $1.1m 0.04% Added +7.7k +7,699
74 SUMMIT WEALTH GROUP LLC / CO 0.15% of their portfolio COLORADO SPRINGS, CO 29,78029.8k $1.1m $1.1m 0.15% New
75 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 28,70028.7k $1.1m $1.1m 0.00% Reduced -42.0k -42,000
76 HARBOUR INVESTMENTS, INC. 0.02% of their portfolio MADISON, WI 28,06828.1k $1.1m $1.1m 0.02% Added +3.0k +3,045
77 Broadview Financial Management, LLC 0.67% of their portfolio WAUWATOSA, WI 26,14726.1k $998.0k $998.0k 0.67% Reduced -5.1k -5,065
78 AXXCESS WEALTH MANAGEMENT, LLC 0.02% of their portfolio CARLSBAD, CA 25,92325.9k $989.5k $989.5k 0.02% Added +58 +58
79 Mayfair Advisory Group, LLC 0.35% of their portfolio BIRMINGHAM, AL 23,84823.8k $911.9k $911.9k 0.35% Added +587 +587
80 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 23,19123.2k $864.4k $864.4k 0.00% Unchanged
81 Salus Financial Advisors, LLC 0.52% of their portfolio COLORADO SPRINGS, CO 22,81022.8k $870.7k $870.7k 0.52% Reduced -30 -30
82 Csenge Advisory Group 0.04% of their portfolio CLEARWATER, FL 21,90021.9k $835.9k $835.9k 0.04% Added +1.2k +1,205
83 J.W. COLE ADVISORS, INC. 0.01% of their portfolio TAMPA, FL 21,19221.2k $326.1k $326.1k 0.01% Reduced -2.3k -2,255
84 PCA Investment Advisory Services Inc. 0.27% of their portfolio CINCINNATI, OH 20,22320.2k $771.9k $771.9k 0.27% New
85 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 20,09420.1k $767.0k $767.0k 0.01% Added +2.9k +2,872
86 Envestnet Portfolio Solutions, Inc. 0.00% of their portfolio BERWYN, PA 20,00620.0k $763.6k $763.6k 0.00% New
87 BridgePort Financial Solutions, LLC 0.21% of their portfolio FAIRFIELD, IA 20,00320.0k $763.5k $763.5k 0.21% Unchanged
88 PENSION & WEALTH MANAGEMENT ADVISORS, INC. 0.22% of their portfolio WALTHAM, MA 19,68519.7k $751.4k $751.4k 0.22% Added +16.2k +16,244
89 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.03% of their portfolio CEDAR RAPIDS, IA 16,84216.8k $642.9k $642.9k 0.03% Added +10.7k +10,733
90 Alchemi Wealth, LLC 0.35% of their portfolio ESSEX, CT 16,68516.7k $636.9k $636.9k 0.35% First filing
91 Valeo Financial Advisors, LLC 0.01% of their portfolio CARMEL, IN 16,54016.5k $631.3k $631.3k 0.01% Added +34 +34
92 Concurrent Investment Advisors, LLC 0.01% of their portfolio Tampa, FL 15,31415.3k $584.5k $584.5k 0.01% Reduced -78 -78
93 Elevation Wealth Management LLC 0.55% of their portfolio EDEN PRAIRIE, MN 15,01515.0k $573.1k $573.1k 0.55% First filing
94 Geneva Partners, LLC 0.20% of their portfolio LAKE GENEVA, WI 14,76714.8k $563.7k $563.7k 0.20% Added +264 +264
95 Financial Perspectives, Inc 0.15% of their portfolio MINNEAPOLIS, MN 14,68214.7k $560.4k $560.4k 0.15% Added +1.8k +1,833
96 MONEY CONCEPTS CAPITAL CORP 0.03% of their portfolio PALM BEACH GARDENS, FL 14,30714.3k $546.1k $546.1k 0.03% New
97 UBS Group AG 0.00% of their portfolio ZURICH, V8 13,92513.9k $531.5k $531.5k 0.00% Reduced -808 -808
98 BIP Wealth, LLC 0.02% of their portfolio ATLANTA, GA 13,87413.9k $529.6k $529.6k 0.02% New
99 Kingsview Wealth Management, LLC 0.01% of their portfolio GRANTS PASS, OR 13,63613.6k $520.5k $520.5k 0.01% Added +308 +308
100 Modera Wealth Management, LLC 0.01% of their portfolio WESTWOOD, NJ 13,60113.6k $519.1k $519.1k 0.01% Reduced -3.0k -3,028