Vault-13

FIDELITY COVINGTON TRUST FDIS

MSCI CONSM DIS · ETP · CUSIP 316092204

252 institutional holders +20 vs Q3 2025
8,846,3718.8m shares reported held*
$903.8mreported value*
30 new 83 added 66 reduced 14 sold out net bought ≈ $55.4m (+538.8k 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 ($3.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $102.17.

Trends to Q4 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: 232Q4 25: 252252Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025252

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q1 24: 93 bought or addedQ1 24: 80 cut or sold outQ2 24: 89 bought or addedQ2 24: 72 cut or sold outQ2 24Q3 24: 109 bought or addedQ3 24: 68 cut or sold outQ4 24: 112 bought or addedQ4 24: 68 cut or sold outQ4 24Q1 25: 102 bought or addedQ1 25: 104 cut or sold outQ2 25: 90 bought or addedQ2 25: 107 cut or sold outQ2 25Q3 25: 98 bought or addedQ3 25: 88 cut or sold outQ4 25: 113 bought or addedQ4 25: 80 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20249380
Q2 20248972
Q3 202410968
Q4 202411268
Q1 2025102104
Q2 202590107
Q3 20259888
Q4 202511380

Calls vs puts

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

CallsPuts
$0$100k$200k$300kQ1 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 —Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —
Numbers
QuarterCallsPutsP/C
Q1 2025$253.5k$00.00
Q2 2025$225.8k$00.00
Q3 2025$0$0—
Q4 2025$0$0—

Biggest buyers

AE Wealth Management LLC Added +203,947+203.9k
Bellwether Advisors, LLC New +199,922+199.9k
ASSETMARK, INC Added +64,014+64.0k
TWO SIGMA INVESTMENTS, LP Added +33,300+33.3k
COMMONWEALTH EQUITY SERVICES, LLC Added +27,680+27.7k
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Added +24,995+25.0k
Waverly Advisors, LLC New +24,521+24.5k
MORGAN STANLEY Added +22,129+22.1k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +22,112+22.1k
Mach-1 Financial Group, LLC New +21,590+21.6k

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -76,074-76.1k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Reduced -33,531-33.5k
OSAIC HOLDINGS, INC. Reduced -31,100-31.1k
Sanctuary Advisors, LLC Reduced -19,709-19.7k
Mariner, LLC Reduced -13,666-13.7k
MARSHALL WACE, LLP Reduced -11,443-11.4k
HighTower Advisors, LLC Reduced -11,020-11.0k
Crossmark Global Holdings, Inc. Sold out -8,730-8.7k
Richard Bernstein Advisors LLC Reduced -8,131-8.1k
GRIMES & Co WEALTH MANAGEMENT, LLC Reduced -4,805-4.8k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Lido Advisors, LLC 0.60% of their portfolio Los Angeles, CA 1,484,0961.5m $152.6m $152.6m 0.60% Added +1.7k +1,692
2 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 1,245,5271.2m $127.2m $127.2m 0.02% Added +25.0k +24,995
3 AE Wealth Management LLC 0.57% of their portfolio TOPEKA, KS 966,605966.6k $98.7m $98.7m 0.57% Added +203.9k +203,947
4 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 852,424852.4k $87.1m $87.1m 0.01% Reduced -76.1k -76,074
5 Richard Bernstein Advisors LLC 1.45% of their portfolio NEW YORK, NY 484,039484.0k $49.5m $49.5m 1.45% Reduced -8.1k -8,131
6 AGF MANAGEMENT LTD 0.13% of their portfolio TORONTO, A6 302,657302.7k $30.9m $30.9m 0.13% Added +586 +586
7 ASSETMARK, INC 0.04% of their portfolio CONCORD, CA 212,089212.1k $21.7m $21.7m 0.04% Added +64.0k +64,014
8 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 204,012204.0k $20.8m $20.8m 0.00% Added +22.1k +22,129
9 Bellwether Advisors, LLC 3.26% of their portfolio LINCOLN, NE 199,922199.9k $20.4m $20.4m 3.26% New
10 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 156,287156.3k $16.0m $16.0m 0.02% Added +27.7k +27,680
11 Fischer Financial Services, Inc. 3.71% of their portfolio HARRISBURG, PA 137,143137.1k $14.0m $14.0m 3.71% Reduced -3.0k -2,981
12 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 133,440133.4k $13.6m $13.6m 0.00% Reduced -2.5k -2,501
13 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 120,723120.7k $12.3m $12.3m 0.00% Added +5.2k +5,199
14 Kestra Advisory Services, LLC 0.03% of their portfolio AUSTIN, TX 82,19382.2k $8.4m $8.4m 0.03% Added +3.0k +3,017
15 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 79,03979.0k $8.1m $8.1m 0.01% Reduced -31.1k -31,100
16 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 71,15271.2k $7.3m $7.3m 0.01% Reduced -11.0k -11,020
17 Fisher Asset Management, LLC 0.00% of their portfolio PLANO, TX 67,42067.4k $6.9m $6.9m 0.00% Reduced -1.2k -1,186
18 Independence Financial Advisors, LLC 1.74% of their portfolio FRANKLIN, NH 61,83961.8k $6.3m $6.3m 1.74% Added +2.3k +2,342
19 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 60,66560.7k $6.2m $6.2m 0.01% Reduced -975 -975
20 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 57,90057.9k $5.9m $5.9m 0.01% Added +33.3k +33,300
21 Keystone Global Partners, LLC 2.57% of their portfolio DENVER, CO 57,26957.3k $5.9m $5.9m 2.57% Added +10.9k +10,918
22 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 56,80056.8k $5.8m $5.8m 0.00% Reduced -33.5k -33,531
23 ATLAS CAPITAL ADVISORS INC. 0.64% of their portfolio JACKSON, WY 56,63956.6k $5.8m $5.8m 0.64% First filing
24 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 55,18755.2k $5.6m $5.6m 0.01% Added +3.2k +3,229
25 FMR LLC 0.00% of their portfolio BOSTON, MA 53,32353.3k $5.4m $5.4m 0.00% Added +5.5k +5,515
26 Yoder Wealth Management, Inc. 2.41% of their portfolio WALNUT CREEK, CA 51,88251.9k $5.3m $5.3m 2.41% Added +7.2k +7,174
27 KCM INVESTMENT ADVISORS LLC 0.17% of their portfolio GREENBRAE, CA 50,63250.6k $5.2m $5.2m 0.17% Unchanged
28 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 49,10449.1k $5.0m $5.0m 0.01% Added +528 +528
29 SFI Advisors, LLC 3.14% of their portfolio Montclair, NJ 47,94747.9k $4.9m $4.9m 3.14% Reduced -1.2k -1,206
30 GRIMES & Co WEALTH MANAGEMENT, LLC 0.10% of their portfolio WESTBOROUGH, MA 42,88242.9k $4.4m $4.4m 0.10% Reduced -4.8k -4,805
31 Steward Partners Investment Advisory, LLC 0.02% of their portfolio STAMFORD, CT 42,32242.3k $4.3m $4.3m 0.02% Added +418 +418
32 Mariner, LLC 0.00% of their portfolio Overland Park, KS 38,13138.1k $3.9m $3.9m 0.00% Reduced -13.7k -13,666
33 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 35,47635.5k $3.6m $3.6m 0.00% Added +9.5k +9,486
34 Maltin Wealth Management, Inc. 1.42% of their portfolio RIDGEWOOD, NJ 34,94634.9k $3.6m $3.6m 1.42% Added +518 +518
35 PENOBSCOT WEALTH MANAGEMENT 1.09% of their portfolio PORTLAND, ME 34,48934.5k $3.5m $3.5m 1.09% Added +1.2k +1,155
36 CX Institutional 0.10% of their portfolio AUBURN, IN 34,06834.1k $3.5m $3.5m 0.10% Added +1.8k +1,792
37 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 32,84632.8k $3.4m $3.4m 0.01% Added +2.6k +2,613
38 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 32,22332.2k $3.3m $3.3m 0.00% Added +6.6k +6,591
39 SCHMIDT P J INVESTMENT MANAGEMENT INC 0.52% of their portfolio CEDARBURG, WI 31,47531.5k $3.2m $3.2m 0.52% Added +1.9k +1,927
40 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 25,97926.0k $2.7m $2.7m 0.01% Reduced -149 -149
41 Waverly Advisors, LLC 0.02% of their portfolio BIRMINGHAM, AL 24,52124.5k $2.5m $2.5m 0.02% New
42 Smith Salley Wealth Management 0.12% of their portfolio GREENSBORO, NC 24,20124.2k $2.5m $2.5m 0.12% Added +48 +48
43 Maxele Advisors, LLC 1.98% of their portfolio WEBSTER GROVES, MO 23,90223.9k $2.4m $2.4m 1.98% Reduced -614 -614
44 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 22,84622.8k $2.3m $2.3m 0.00% Added +1.2k +1,224
45 UBS Group AG 0.00% of their portfolio ZURICH, V8 22,68822.7k $2.3m $2.3m 0.00% Added +485 +485
46 KESTRA PRIVATE WEALTH SERVICES, LLC 0.03% of their portfolio AUSTIN, TX 22,62722.6k $2.3m $2.3m 0.03% Reduced -389 -389
47 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 22,11222.1k $2.3m $2.3m 0.00% New
48 Mach-1 Financial Group, LLC 0.45% of their portfolio Rogers, AR 21,59021.6k $2.2m $2.2m 0.45% New
49 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.01% of their portfolio Stamford, CT 20,15520.2k $2.1m $2.1m 0.01% Reduced -134 -134
50 Lifeworks Advisors, LLC 0.27% of their portfolio GRAND RAPIDS, MI 20,05620.1k $2.0m $2.0m 0.27% Reduced -3.6k -3,607
51 Elevated Capital Advisors, LLC 0.47% of their portfolio SANDY, UT 19,93319.9k $2.0m $2.0m 0.47% Added +4.5k +4,479
52 J.Safra Asset Management Corp 0.10% of their portfolio NEW YORK, NY 19,32319.3k $2.0m $2.0m 0.10% Added +11.1k +11,093
53 LYNCH & ASSOCIATES/IN 0.37% of their portfolio EVANSVILLE, IN 19,29419.3k $2.0m $2.0m 0.37% Added +211 +211
54 SOUTHERN CAPITAL ADVISORS, LLC 0.82% of their portfolio Jackson, TN 17,29317.3k $1.8m $1.8m 0.82% Added +29 +29
55 J.W. COLE ADVISORS, INC. 0.02% of their portfolio TAMPA, FL 17,28217.3k $765.0k $765.0k 0.02% Reduced -1.3k -1,327
56 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 16,74116.7k $1.7m $1.7m 0.01% Reduced -1.1k -1,127
57 Pathway Financial Advisers, LLC 0.49% of their portfolio AUBURN, IN 16,55216.6k $1.7m $1.7m 0.49% Reduced -13 -13
58 EP Wealth Advisors, LLC 0.01% of their portfolio TORRANCE, CA 16,31816.3k $1.7m $1.7m 0.01% First filing
59 KDK Private Wealth Management, LLC 1.43% of their portfolio Houston, TX 16,08916.1k $1.6m $1.6m 1.43% Reduced -167 -167
60 Beaumont Financial Advisors, LLC 0.10% of their portfolio NEEDHAM, MA 15,11515.1k $1.5m $1.5m 0.10% Added +2 +2
61 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 14,77314.8k $1.5m $1.5m 0.00% Reduced -129 -129
62 Ameritas Advisory Services, LLC 0.06% of their portfolio Lincoln, NE 14,47814.5k $1.5m $1.5m 0.06% Added +2.7k +2,748
63 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 13,88713.9k $1.4m $1.4m 0.00% Added +723 +723
64 AMERICAN NATIONAL BANK & TRUST 0.13% of their portfolio WICHITA FALLS, TX 13,59513.6k $1.4m $1.4m 0.13% Added +3.5k +3,527
65 Ellis Investment Partners, LLC 0.24% of their portfolio Berwyn, PA 13,55313.6k $1.4m $1.4m 0.24% Added +22 +22
66 Jacobs Equity LLC 1.32% of their portfolio DRAPER, UT 13,46613.5k $1.4m $1.4m 1.32% First filing
67 Robertson Stephens Wealth Management, LLC 0.04% of their portfolio San Francisco, CA 13,43013.4k $1.4m $1.4m 0.04% Added +9.9k +9,878
68 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 13,19013.2k $1.3m $1.3m 0.00% Reduced -1.4k -1,387
69 Sigma Planning Corp 0.04% of their portfolio ANN ARBOR, MI 13,15813.2k $1.3m $1.3m 0.04% Reduced -3.1k -3,068
70 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 12,85312.9k $1.3m $1.3m 0.00% Added +896 +896
71 Investors Research Corp 0.24% of their portfolio ATLANTA, GA 12,64612.6k $1.3m $1.3m 0.24% Reduced -13 -13
72 PENSION & WEALTH MANAGEMENT ADVISORS, INC. 0.37% of their portfolio WALTHAM, MA 12,10812.1k $1.2m $1.2m 0.37% Reduced -4.4k -4,363
73 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 11,04511.0k $1.1m $1.1m 0.01% Reduced -19.7k -19,709
74 Meridian Wealth Management, LLC 0.04% of their portfolio LEXINGTON, KY 10,64710.6k $1.1m $1.1m 0.04% Added +486 +486
75 Sunbelt Securities, Inc. 0.07% of their portfolio HOUSTON, TX 10,17010.2k $1.0m $1.0m 0.07% Added +3.1k +3,061
76 Summit Financial, LLC 0.02% of their portfolio PARSIPPANY, NJ 10,06410.1k $1.0m $1.0m 0.02% Added +25 +25
77 Regal Investment Advisors LLC 0.06% of their portfolio KENTWOOD, MI 9,6019.6k $980.8k $980.8k 0.06% Reduced -3.0k -2,983
78 Snowden Capital Advisors LLC 0.02% of their portfolio New York, NY 9,2059.2k $940.4k $940.4k 0.02% Reduced -660 -660
79 Bayshore Capital Advisors, LLC 0.45% of their portfolio TAMPA, FL 8,7688.8k $895.7k $895.7k 0.45% First filing
80 SYON CAPITAL LLC 0.04% of their portfolio SAN FRANCISCO, CA 8,7118.7k $889.9k $889.9k 0.04% Added +374 +374
81 Stratos Wealth Advisors, LLC 0.04% of their portfolio BEACHWOOD, OH 8,6488.6k $883.5k $883.5k 0.04% Added +714 +714
82 Spire Wealth Management 0.03% of their portfolio MCLEAN, VA 8,5948.6k $877.9k $877.9k 0.03% Reduced -49 -49
83 Heck Capital Advisors, LLC 0.06% of their portfolio Rhinelander, WI 8,3358.3k $851.5k $851.5k 0.06% Reduced -154 -154
84 BENJAMIN EDWARDS INC 0.01% of their portfolio Clayton, MO 8,2548.3k $843.2k $843.2k 0.01% Added +3.9k +3,905
85 BLUE JEAN FINANCIAL LLC 0.67% of their portfolio ALBANY, NY 8,0648.1k $823.8k $823.8k 0.67% First filing
86 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 8,0228.0k $837.2k $837.2k 0.00% Added +195 +195
87 Stonebridge Financial Planning Group, LLC 0.28% of their portfolio ORLANDO, FL 7,6167.6k $778.1k $778.1k 0.28% Reduced -603 -603
88 Hilton Capital Management, LLC 0.06% of their portfolio Garden City, NY 7,6107.6k $777.4k $777.4k 0.06% Added +1.4k +1,447
89 LEVEL FOUR ADVISORY SERVICES, LLC 0.03% of their portfolio DALLAS, TX 7,5937.6k $775.7k $775.7k 0.03% Reduced -297 -297
90 Vestmark Advisory Solutions, Inc. 0.01% of their portfolio Wakefield, MA 7,5597.6k $772.2k $772.2k 0.01% New
91 ELEVATION POINT WEALTH PARTNERS, LLC 0.04% of their portfolio DENVER, CO 7,5597.6k $772.2k $772.2k 0.04% Reduced -108 -108
92 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 7,1327.1k $728.0k $728.0k 0.00% Added +4.7k +4,687
93 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 7,1157.1k $726.8k $726.8k 0.01% Reduced -69 -69
94 Soltis Investment Advisors LLC 0.05% of their portfolio ST. GEORGE, UT 6,7016.7k $684.6k $684.6k 0.05% Unchanged
95 Farther Finance Advisors, LLC 0.01% of their portfolio SAN FRANCISCO, CA 6,6346.6k $677.7k $677.7k 0.01% Reduced -1.2k -1,216
96 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 6,5486.5k $668.9k $668.9k 0.00% Added +464 +464
97 Point72 Asset Management, L.P. 0.00% of their portfolio STAMFORD, CT 6,2806.3k $641.6k $641.6k 0.00% New
98 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 6,2416.2k $637.6k $637.6k 0.00% Added +658 +658
99 Purkiss Capital Advisors LLC 0.29% of their portfolio RIDGEFIELD, CT 6,1246.1k $625.6k $625.6k 0.29% Reduced -1.6k -1,610
100 Charter Oak Capital Management, LLC 0.05% of their portfolio PORTSMOUTH, NH 6,1216.1k $625.3k $625.3k 0.05% Reduced -694 -694