Vault-13

FIDELITY COVINGTON TRUST FDIS

MSCI CONSM DIS · ETP · CUSIP 316092204

232 institutional holders +2 vs Q2 2025
8,236,2288.2m shares reported held*
$846.9mreported value*
30 new 68 added 68 reduced 20 sold out net sold ≈ $34.6m (-498.6k 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 ($1.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $102.82.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 144Q4 22: 149Q1 23: 148Q2 23: 162Q3 23: 168Q4 23: 194Q1 24: 187Q2 24: 191Q3 24: 201Q4 24: 234Q1 25: 233Q2 25: 230Q3 25: 232232Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022144
Q4 2022149
Q1 2023148
Q2 2023162
Q3 2023168
Q4 2023194
Q1 2024187
Q2 2024191
Q3 2024201
Q4 2024234
Q1 2025233
Q2 2025230
Q3 2025232

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 23: 90 bought or addedQ4 23: 77 cut or sold outQ1 24: 93 bought or addedQ1 24: 80 cut or sold outQ1 24Q2 24: 89 bought or addedQ2 24: 72 cut or sold outQ3 24: 109 bought or addedQ3 24: 68 cut or sold outQ3 24Q4 24: 112 bought or addedQ4 24: 68 cut or sold outQ1 25: 102 bought or addedQ1 25: 104 cut or sold outQ1 25Q2 25: 90 bought or addedQ2 25: 107 cut or sold outQ3 25: 98 bought or addedQ3 25: 88 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20239077
Q1 20249380
Q2 20248972
Q3 202410968
Q4 202411268
Q1 2025102104
Q2 202590107
Q3 20259888

Calls vs puts

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

CallsPuts
$0$100k$200k$300k$400kQ4 24 calls: $350.9kQ4 24 puts: $0Q4 24P/C 0.00Q1 25 calls: $253.5kQ1 25 puts: $0Q1 25P/C 0.00Q2 25 calls: $225.8kQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —
Numbers
QuarterCallsPutsP/C
Q4 2024$350.9k$00.00
Q1 2025$253.5k$00.00
Q2 2025$225.8k$00.00
Q3 2025$0$0—

Biggest buyers

Lido Advisors, LLC Added +122,734+122.7k
ASSETMARK, INC Added +82,996+83.0k
AE Wealth Management LLC Added +82,744+82.7k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +48,712+48.7k
GRIMES & Co WEALTH MANAGEMENT, LLC Added +44,728+44.7k
AGF MANAGEMENT LTD Added +27,946+27.9k
Thrivent Financial for Lutherans Added +25,550+25.6k
TWO SIGMA INVESTMENTS, LP New +24,600+24.6k
LPL Financial LLC Added +21,962+22.0k
Sanctuary Advisors, LLC Added +19,136+19.1k

Biggest sellers

PFG Advisors Reduced -661,977-662.0k
Apollon Wealth Management, LLC Reduced -102,991-103.0k
AMERIPRISE FINANCIAL INC Reduced -63,017-63.0k
Guerra Advisors Inc Reduced -37,571-37.6k
ENVESTNET ASSET MANAGEMENT INC Reduced -34,253-34.3k
JANE STREET GROUP, LLC Sold out -29,207-29.2k
Advocacy Wealth Management, LLC Sold out -27,955-28.0k
ROYAL BANK OF CANADA Reduced -26,852-26.9k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -25,900-25.9k
NorthCoast Asset Management LLC Sold out -14,148-14.1k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Lido Advisors, LLC 0.63% of their portfolio Los Angeles, CA 1,482,4041.5m $152.5m $152.5m 0.63% Added +122.7k +122,734
2 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 1,220,5321.2m $125.6m $125.6m 0.02% Added +9.0k +9,018
3 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 928,498928.5k $95.5m $95.5m 0.01% Added +4.7k +4,720
4 AE Wealth Management LLC 0.50% of their portfolio TOPEKA, KS 762,658762.7k $78.5m $78.5m 0.50% Added +82.7k +82,744
5 Richard Bernstein Advisors LLC 1.44% of their portfolio NEW YORK, NY 492,170492.2k $50.6m $50.6m 1.44% Reduced -14.0k -14,028
6 AGF MANAGEMENT LTD 0.14% of their portfolio TORONTO, A6 302,071302.1k $31.1m $31.1m 0.14% Added +27.9k +27,946
7 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 181,883181.9k $18.7m $18.7m 0.00% Reduced -199 -199
8 ASSETMARK, INC 0.03% of their portfolio CONCORD, CA 148,075148.1k $15.2m $15.2m 0.03% Added +83.0k +82,996
9 Fischer Financial Services, Inc. 3.88% of their portfolio HARRISBURG, PA 140,124140.1k $14.4m $14.4m 3.88% Reduced -1.1k -1,119
10 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 135,941135.9k $14.0m $14.0m 0.00% Added +22.0k +21,962
11 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 128,607128.6k $13.2m $13.2m 0.02% Added +9.0k +9,018
12 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 115,524115.5k $11.9m $11.9m 0.00% Reduced -34.3k -34,253
13 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 110,139110.1k $11.3m $11.3m 0.02% Added +8.5k +8,531
14 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 90,33190.3k $9.3m $9.3m 0.01% Added +48.7k +48,712
15 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 82,17282.2k $8.5m $8.5m 0.01% Reduced -1.8k -1,781
16 Kestra Advisory Services, LLC 0.04% of their portfolio AUSTIN, TX 79,17679.2k $8.1m $8.1m 0.04% Reduced -1.4k -1,441
17 Fisher Asset Management, LLC 0.00% of their portfolio PLANO, TX 68,60668.6k $7.1m $7.1m 0.00% Reduced -2.0k -2,038
18 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 61,64061.6k $6.3m $6.3m 0.01% Added +1.1k +1,095
19 Independence Financial Advisors, LLC 1.86% of their portfolio FRANKLIN, NH 59,49759.5k $6.1m $6.1m 1.86% Added +903 +903
20 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 51,95852.0k $5.3m $5.3m 0.01% Reduced -386 -386
21 Mariner, LLC 0.01% of their portfolio Overland Park, KS 51,79751.8k $5.3m $5.3m 0.01% Reduced -2.0k -2,039
22 KCM INVESTMENT ADVISORS LLC 0.17% of their portfolio GREENBRAE, CA 50,63250.6k $5.2m $5.2m 0.17% Unchanged
23 SFI Advisors, LLC 3.22% of their portfolio Montclair, NJ 49,15349.2k $5.1m $5.1m 3.22% Reduced -876 -876
24 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 48,57648.6k $5.0m $5.0m 0.01% Added +25.6k +25,550
25 FMR LLC 0.00% of their portfolio BOSTON, MA 47,80847.8k $4.9m $4.9m 0.00% Added +3.3k +3,266
26 GRIMES & Co WEALTH MANAGEMENT, LLC 0.12% of their portfolio WESTBOROUGH, MA 47,68747.7k $4.9m $4.9m 0.12% Added +44.7k +44,728
27 Keystone Global Partners, LLC 2.43% of their portfolio DENVER, CO 46,35146.4k $4.8m $4.8m 2.43% Reduced -6.2k -6,171
28 Yoder Wealth Management, Inc. 2.18% of their portfolio WALNUT CREEK, CA 44,70844.7k $4.6m $4.6m 2.18% Added +2.5k +2,521
29 Steward Partners Investment Advisory, LLC 0.02% of their portfolio STAMFORD, CT 41,90441.9k $4.3m $4.3m 0.02% Added +3.7k +3,728
30 Maltin Wealth Management, Inc. 1.47% of their portfolio RIDGEWOOD, NJ 34,42834.4k $3.5m $3.5m 1.47% Added +287 +287
31 PENOBSCOT WEALTH MANAGEMENT 1.10% of their portfolio PORTLAND, ME 33,33433.3k $3.4m $3.4m 1.10% Added +917 +917
32 CX Institutional 0.10% of their portfolio AUBURN, IN 32,27632.3k $3.3m $3.3m 0.10% Reduced -2.3k -2,310
33 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 30,75430.8k $2.8m $2.8m 0.01% Added +19.1k +19,136
34 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 30,23330.2k $3.1m $3.1m 0.01% Reduced -2.2k -2,206
35 SCHMIDT P J INVESTMENT MANAGEMENT INC 0.50% of their portfolio CEDARBURG, WI 29,54829.5k $3.0m $3.0m 0.50% Added +15.3k +15,340
36 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 26,12826.1k $2.7m $2.7m 0.01% Reduced -1.9k -1,914
37 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 25,99026.0k $2.7m $2.7m 0.00% Reduced -2.9k -2,857
38 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 25,63225.6k $2.6m $2.6m 0.00% Added +1.3k +1,323
39 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 24,60024.6k $2.5m $2.5m 0.00% New
40 Maxele Advisors, LLC 2.18% of their portfolio WEBSTER GROVES, MO 24,51624.5k $2.5m $2.5m 2.18% Reduced -633 -633
41 Smith Salley Wealth Management 0.13% of their portfolio GREENSBORO, NC 24,15324.2k $2.5m $2.5m 0.13% Reduced -121 -121
42 Lifeworks Advisors, LLC 0.33% of their portfolio GRAND RAPIDS, MI 23,66323.7k $2.4m $2.4m 0.33% Reduced -1.2k -1,168
43 KESTRA PRIVATE WEALTH SERVICES, LLC 0.03% of their portfolio AUSTIN, TX 23,01623.0k $2.4m $2.4m 0.03% Reduced -102 -102
44 UBS Group AG 0.00% of their portfolio ZURICH, V8 22,20322.2k $2.3m $2.3m 0.00% Added +954 +954
45 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 21,62221.6k $2.2m $2.2m 0.00% Reduced -26.9k -26,852
46 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.01% of their portfolio Stamford, CT 20,28920.3k $2.1m $2.1m 0.01% Added +119 +119
47 LYNCH & ASSOCIATES/IN 0.38% of their portfolio EVANSVILLE, IN 19,08319.1k $2.0m $2.0m 0.38% Added +821 +821
48 J.W. COLE ADVISORS, INC. 0.04% of their portfolio TAMPA, FL 18,60918.6k $1.9m $1.9m 0.04% Reduced -616 -616
49 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 17,86817.9k $1.8m $1.8m 0.01% Added +881 +881
50 SOUTHERN CAPITAL ADVISORS, LLC 0.83% of their portfolio Jackson, TN 17,26417.3k $1.8m $1.8m 0.83% Added +27 +27
51 Pathway Financial Advisers, LLC 0.49% of their portfolio AUBURN, IN 16,56516.6k $1.7m $1.7m 0.49% Added +226 +226
52 PENSION & WEALTH MANAGEMENT ADVISORS, INC. 0.53% of their portfolio WALTHAM, MA 16,47116.5k $1.7m $1.7m 0.53% Reduced -199 -199
53 KDK Private Wealth Management, LLC 1.69% of their portfolio Houston, TX 16,25616.3k $1.7m $1.7m 1.69% Reduced -77 -77
54 Sigma Planning Corp 0.05% of their portfolio ANN ARBOR, MI 16,22616.2k $1.7m $1.7m 0.05% Reduced -7.8k -7,796
55 Elevated Capital Advisors, LLC 0.40% of their portfolio SANDY, UT 15,45415.5k $1.6m $1.6m 0.40% Added +3.4k +3,374
56 Beaumont Financial Advisors, LLC 0.10% of their portfolio NEEDHAM, MA 15,11315.1k $1.6m $1.6m 0.10% Reduced -3.9k -3,883
57 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 14,90214.9k $1.5m $1.5m 0.00% Reduced -13.0k -12,998
58 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 14,57714.6k $1.5m $1.5m 0.01% Reduced -623 -623
59 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 13,93113.9k $1.4m $1.4m 0.00% New
60 Ellis Investment Partners, LLC 0.25% of their portfolio Berwyn, PA 13,53113.5k $1.4m $1.4m 0.25% Reduced -10 -10
61 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 13,16413.2k $1.4m $1.4m 0.00% Added +789 +789
62 Investors Research Corp 0.24% of their portfolio ATLANTA, GA 12,65912.7k $1.3m $1.3m 0.24% Added +757 +757
63 Regal Investment Advisors LLC 0.08% of their portfolio KENTWOOD, MI 12,58412.6k $1.3m $1.3m 0.08% Reduced -5.8k -5,788
64 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 11,95712.0k $1.2m $1.2m 0.00% Added +1.8k +1,765
65 Ameritas Advisory Services, LLC 0.08% of their portfolio Lincoln, NE 11,73011.7k $1.2m $1.2m 0.08% Added +536 +536
66 Meridian Wealth Management, LLC 0.04% of their portfolio LEXINGTON, KY 10,16110.2k $1.0m $1.0m 0.04% Added +1.2k +1,162
67 AMERICAN NATIONAL BANK & TRUST 0.10% of their portfolio WICHITA FALLS, TX 10,06810.1k $1.0m $1.0m 0.10% Added +3.0k +3,014
68 Summit Financial, LLC 0.02% of their portfolio PARSIPPANY, NJ 10,03910.0k $1.0m $1.0m 0.02% Added +1.8k +1,762
69 Snowden Capital Advisors LLC 0.03% of their portfolio New York, NY 9,8659.9k $1.0m $1.0m 0.03% Reduced -107 -107
70 Crossmark Global Holdings, Inc. 0.01% of their portfolio HOUSTON, TX 8,7308.7k $897.7k $897.7k 0.01% Unchanged
71 Cubist Systematic Strategies, LLC 0.01% of their portfolio STAMFORD, CT 8,6678.7k $891.6k $891.6k 0.01% New
72 Spire Wealth Management 0.03% of their portfolio MCLEAN, VA 8,6438.6k $889.1k $889.1k 0.03% Added +252 +252
73 Heck Capital Advisors, LLC 0.07% of their portfolio Rhinelander, WI 8,4898.5k $873.3k $873.3k 0.07% Reduced -27 -27
74 SYON CAPITAL LLC 0.05% of their portfolio SAN FRANCISCO, CA 8,3378.3k $857.6k $857.6k 0.05% Added +2.4k +2,362
75 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 8,2798.3k $851.7k $851.7k 0.00% Reduced -63.0k -63,017
76 J.Safra Asset Management Corp 0.05% of their portfolio NEW YORK, NY 8,2308.2k $846.6k $846.6k 0.05% Reduced -89 -89
77 Stonebridge Financial Planning Group, LLC 0.32% of their portfolio ORLANDO, FL 8,2198.2k $845.5k $845.5k 0.32% Reduced -491 -491
78 Stratos Wealth Advisors, LLC 0.04% of their portfolio BEACHWOOD, OH 7,9347.9k $816.2k $816.2k 0.04% Added +896 +896
79 LEVEL FOUR ADVISORY SERVICES, LLC 0.03% of their portfolio DALLAS, TX 7,8907.9k $811.6k $811.6k 0.03% Reduced -37 -37
80 Farther Finance Advisors, LLC 0.01% of their portfolio SAN FRANCISCO, CA 7,8507.8k $807.5k $807.5k 0.01% Reduced -499 -499
81 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 7,8277.8k $790.0k $790.0k 0.00% Added +1.0k +1,000
82 Purkiss Capital Advisors LLC 0.38% of their portfolio RIDGEFIELD, CT 7,7347.7k $795.5k $795.5k 0.38% Added +1.4k +1,357
83 MAGNOLIA CAPITAL MANAGEMENT LTD 0.61% of their portfolio COLD SPRING, NY 7,6857.7k $791.0k $791.0k 0.61% Unchanged
84 ELEVATION POINT WEALTH PARTNERS, LLC 0.05% of their portfolio DENVER, CO 7,6677.7k $788.7k $788.7k 0.05% New
85 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 7,1847.2k $739.0k $739.0k 0.01% Reduced -85 -85
86 Sunbelt Securities, Inc. 0.05% of their portfolio HOUSTON, TX 7,1097.1k $731.3k $731.3k 0.05% Reduced -1.2k -1,214
87 VCI Wealth Management LLC 0.22% of their portfolio ST LOUIS, MO 7,0777.1k $728.0k $728.0k 0.22% Reduced -799 -799
88 Charter Oak Capital Management, LLC 0.06% of their portfolio PORTSMOUTH, NH 6,8156.8k $701.0k $701.0k 0.06% Reduced -76 -76
89 Soltis Investment Advisors LLC 0.05% of their portfolio ST. GEORGE, UT 6,7016.7k $689.3k $689.3k 0.05% Unchanged
90 Aspetuck Financial Management LLC 0.46% of their portfolio WESTPORT, CT 6,5956.6k $678.4k $678.4k 0.46% Reduced -513 -513
91 Hilton Capital Management, LLC 0.05% of their portfolio Garden City, NY 6,1636.2k $634.0k $634.0k 0.05% Reduced -137 -137
92 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 6,0846.1k $625.8k $625.8k 0.00% Added +723 +723
93 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 5,5835.6k $574.3k $574.3k 0.00% Added +889 +889
94 B. Riley Wealth Advisors, Inc. 0.03% of their portfolio MEMPHIS, TN 5,5375.5k $569.6k $569.6k 0.03% Added +1 +1
95 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 5,2345.2k $538.4k $538.4k 0.00% Reduced -25 -25
96 HALL CAPITAL MANAGEMENT CO INC 0.21% of their portfolio BARRINGTON, RI 5,1405.1k $528.8k $528.8k 0.21% Reduced -267 -267
97 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 5,0335.0k $517.7k $517.7k 0.00% Reduced -7 -7
98 CENTAURUS FINANCIAL, INC. 0.02% of their portfolio ANAHEIM, CA 5,0235.0k $517.0k $517.0k 0.02% Reduced -226 -226
99 Centennial Wealth Advisory LLC 0.14% of their portfolio Traverse City, MI 4,9044.9k $504.6k $504.6k 0.14% Added +240 +240
100 LANARK FINANCIAL, INC. 0.04% of their portfolio BIRMINGHAM, AL 4,8954.9k $503.5k $503.5k 0.04% Reduced -830 -830