Vault-13

FIDELITY COVINGTON TRUST FFSM

FUNDAMENTAL SMAL · ETP · CUSIP 316092295

48 institutional holders +8 vs Q1 2025
22,627,95222.6m shares reported held*
$615.4mreported value*
16 new 20 added 8 reduced 9 sold out net sold ≈ $178.7m (-6.6m 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 ≈ $27.19.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 10Q4 22: 9Q1 23: 10Q2 23: 10Q3 23: 10Q4 23: 15Q1 24: 15Q2 24: 21Q3 24: 24Q4 24: 29Q1 25: 40Q2 25: 4848Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202210
Q4 20229
Q1 202310
Q2 202310
Q3 202310
Q4 202315
Q1 202415
Q2 202421
Q3 202424
Q4 202429
Q1 202540
Q2 202548

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 23: 3 bought or addedQ3 23: 6 cut or sold outQ4 23: 11 bought or addedQ4 23: 3 cut or sold outQ4 23Q1 24: 7 bought or addedQ1 24: 5 cut or sold outQ2 24: 13 bought or addedQ2 24: 5 cut or sold outQ2 24Q3 24: 16 bought or addedQ3 24: 6 cut or sold outQ4 24: 18 bought or addedQ4 24: 11 cut or sold outQ4 24Q1 25: 28 bought or addedQ1 25: 10 cut or sold outQ2 25: 36 bought or addedQ2 25: 17 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 202336
Q4 2023113
Q1 202475
Q2 2024135
Q3 2024166
Q4 20241811
Q1 20252810
Q2 20253617

Biggest buyers

RFG Advisory, LLC New +349,227+349.2k
MENORA MIVTACHIM HOLDINGS LTD. Added +81,695+81.7k
KOM Wealth Management Group, LLC Added +78,094+78.1k
AVANTAX ADVISORY SERVICES, INC. Added +32,266+32.3k
Christopher J. Hasenberg, Inc New +28,608+28.6k
SK Wealth Management, LLC Added +27,282+27.3k
Creative Planning New +21,895+21.9k
CITADEL ADVISORS LLC New +17,513+17.5k
SAX WEALTH ADVISORS, LLC Added +15,203+15.2k
KESTRA PRIVATE WEALTH SERVICES, LLC New +13,026+13.0k

Biggest sellers

FMR LLC Reduced -6,302,178-6.3m
JANE STREET GROUP, LLC Sold out -768,423-768.4k
San Luis Wealth Advisors LLC Sold out -142,594-142.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -79,804-79.8k
HRT FINANCIAL LP Sold out -22,656-22.7k
OLD MISSION CAPITAL LLC Sold out -12,978-13.0k
Wealth Quarterback LLC Reduced -5,522-5.5k
Dentgroup LLC Reduced -5,047-5.0k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Reduced -2,722-2.7k
ROYAL BANK OF CANADA Reduced -1,789-1.8k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FMR LLC 0.03% of their portfolio BOSTON, MA 19,875,06619.9m $540.4m $540.4m 0.03% Reduced -6.3m -6,302,178
2 KOM Wealth Management Group, LLC 10.84% of their portfolio APPLETON, WI 502,919502.9k $13.7m $13.7m 10.84% Added +78.1k +78,094
3 Evernest Financial Advisors, LLC 3.58% of their portfolio CARMEL, IN 406,512406.5k $11.1m $11.1m 3.58% Added +11.8k +11,836
4 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 364,386364.4k $9.9m $9.9m 0.01% Added +9.7k +9,664
5 RFG Advisory, LLC 0.22% of their portfolio BIRMINGHAM, AL 349,227349.2k $9.5m $9.5m 0.22% New
6 MENORA MIVTACHIM HOLDINGS LTD. 0.04% of their portfolio Ramat Gan, L3 227,554227.6k $6.2m $6.2m 0.04% Added +81.7k +81,695
7 SK Wealth Management, LLC 1.85% of their portfolio PROVIDENCE, RI 153,131153.1k $4.3m $4.3m 1.85% Added +27.3k +27,282
8 Wealth Quarterback LLC 1.73% of their portfolio TOMS RIVER, NJ 133,914133.9k $3.6m $3.6m 1.73% Reduced -5.5k -5,522
9 SAX WEALTH ADVISORS, LLC 0.19% of their portfolio PARSIPPANY, NJ 116,808116.8k $3.2m $3.2m 0.19% Added +15.2k +15,203
10 AVANTAX ADVISORY SERVICES, INC. 0.01% of their portfolio DALLAS, TX 57,68357.7k $1.6m $1.6m 0.01% Added +32.3k +32,266
11 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 49,24749.2k $1.3m $1.3m 0.00% Added +6.5k +6,507
12 Dentgroup LLC 0.58% of their portfolio BATON ROUGE, LA 30,75030.8k $836.1k $836.1k 0.58% Reduced -5.0k -5,047
13 Christopher J. Hasenberg, Inc 0.29% of their portfolio EAU CLAIRE, WI 28,60828.6k $777.9k $777.9k 0.29% New
14 PENSION & WEALTH MANAGEMENT ADVISORS, INC. 0.26% of their portfolio WALTHAM, MA 28,59828.6k $777.6k $777.6k 0.26% Added +670 +670
15 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 26,05426.1k $708.0k $708.0k 0.00% Reduced -1.8k -1,789
16 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 25,78325.8k $701.0k $701.0k 0.00% Added +8.2k +8,192
17 HARBOUR INVESTMENTS, INC. 0.02% of their portfolio MADISON, WI 23,08823.1k $627.8k $627.8k 0.02% Added +1.2k +1,235
18 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 21,89521.9k $595.3k $595.3k 0.00% New
19 MFA Wealth Services 0.43% of their portfolio THOUSAND OAKS, CA 21,04021.0k $572.1k $572.1k 0.43% Added +3.8k +3,812
20 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 18,17918.2k $494.3k $494.3k 0.00% Added +5.9k +5,946
21 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 17,51317.5k $476.2k $476.2k 0.00% New
22 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 15,60415.6k $424.3k $424.3k 0.00% Reduced -688 -688
23 BENJAMIN EDWARDS INC 0.00% of their portfolio Clayton, MO 13,20213.2k $359.0k $359.0k 0.00% Added +1.7k +1,721
24 KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio AUSTIN, TX 13,02613.0k $354.2k $354.2k 0.01% New
25 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 12,78412.8k $348.0k $348.0k 0.00% Added +75 +75
26 Bay Capital Advisors, LLC 0.25% of their portfolio VIRGINIA BEACH, VA 11,85611.9k $322.4k $322.4k 0.25% New
27 PRINCIPAL SECURITIES, INC. 0.01% of their portfolio DES MOINES, IA 11,06411.1k $300.8k $300.8k 0.01% Added +9.8k +9,839
28 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 11,02111.0k $300.0k $300.0k 0.00% Added +7.7k +7,687
29 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 10,51510.5k $285.9k $285.9k 0.00% Reduced -98 -98
30 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 8,4288.4k $234.7k $234.7k 0.00% New
31 COMERICA BANK 0.00% of their portfolio DALLAS, TX 7,9257.9k $215.5k $215.5k 0.00% Added +214 +214
32 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 7,9077.9k $215.0k $215.0k 0.00% New
33 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 7,4507.5k $203.1k $203.1k 0.00% Unchanged
34 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 3,7223.7k $101.2k $101.2k 0.00% New
35 Provident Wealth Management, LLC 0.03% of their portfolio BRENTWOOD, TN 2,8692.9k $78.0k $78.0k 0.03% Added +1.3k +1,252
36 Ameritas Advisory Services, LLC 0.00% of their portfolio Lincoln, NE 2,7802.8k $75.6k $75.6k 0.00% New
37 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 2,5682.6k $69.8k $69.8k 0.00% Reduced -2.7k -2,722
38 Bulwark Capital Corp 0.06% of their portfolio FERNANDINA BEACH, FL 2,5352.5k $68.9k $68.9k 0.06% First filing
39 UBS Group AG 0.00% of their portfolio ZURICH, V8 2,5202.5k $68.5k $68.5k 0.00% New
40 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 878878 $23.9k $23.9k 0.00% Added +23 +23
41 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 574574 $15.6k $15.6k 0.00% New
42 CWM, LLC 0.00% of their portfolio OMAHA, NE 393393 $11.0k $11.0k 0.00% New
43 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 202202 $5.5k $5.5k 0.00% New
44 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 8888 $2.4k $2.4k 0.00% New
45 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 7171 $1.9k $1.9k 0.00% Unchanged
46 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 1414 $393 $393 0.00% Reduced -97 -97
47 Sunbelt Securities, Inc. 0.00% of their portfolio HOUSTON, TX 11 $14 $14 0.00% New
48 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged