Vault-13

FIDELITY COVINGTON TRUST FNCL

MSCI FINLS IDX · ETP · CUSIP 316092501

255 institutional holders -6 vs Q1 2025
11,596,98111.6m shares reported held*
$858.7mreported value*
20 new 88 added 84 reduced 26 sold out net sold ≈ $17.5m (-236.0k 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 ($42.1k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $74.04. Options: 4 managers hold calls ($1.6m notional), 1 hold puts ($81.4k).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 184Q4 22: 199Q1 23: 176Q2 23: 178Q3 23: 178Q4 23: 193Q1 24: 195Q2 24: 190Q3 24: 202Q4 24: 248Q1 25: 261Q2 25: 255255Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022184
Q4 2022199
Q1 2023176
Q2 2023178
Q3 2023178
Q4 2023193
Q1 2024195
Q2 2024190
Q3 2024202
Q4 2024248
Q1 2025261
Q2 2025255

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 23: 75 bought or addedQ3 23: 62 cut or sold outQ4 23: 81 bought or addedQ4 23: 78 cut or sold outQ4 23Q1 24: 81 bought or addedQ1 24: 85 cut or sold outQ2 24: 85 bought or addedQ2 24: 78 cut or sold outQ2 24Q3 24: 86 bought or addedQ3 24: 74 cut or sold outQ4 24: 127 bought or addedQ4 24: 61 cut or sold outQ4 24Q1 25: 139 bought or addedQ1 25: 81 cut or sold outQ2 25: 108 bought or addedQ2 25: 110 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20237562
Q4 20238178
Q1 20248185
Q2 20248578
Q3 20248674
Q4 202412761
Q1 202513981
Q2 2025108110

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5m$2mQ3 24 calls: $187.9kQ3 24 puts: $204.3kQ3 24P/C 1.09Q4 24 calls: $140.0kQ4 24 puts: $0Q4 24P/C 0.00Q1 25 calls: $649.6kQ1 25 puts: $0Q1 25P/C 0.00Q2 25 calls: $1.6mQ2 25 puts: $81.4kQ2 25P/C 0.05
Numbers
QuarterCallsPutsP/C
Q3 2024$187.9k$204.3k1.09
Q4 2024$140.0k$00.00
Q1 2025$649.6k$00.00
Q2 2025$1.6m$81.4k0.05

Biggest buyers

NorthCoast Asset Management LLC Added +126,266+126.3k
TWO SIGMA INVESTMENTS, LP New +94,900+94.9k
Algorithmic Investment Models, LLC New +83,159+83.2k
Modern Wealth Management, LLC Added +80,205+80.2k
AMERIPRISE FINANCIAL INC Added +56,806+56.8k
Steward Partners Investment Advisory, LLC Added +55,193+55.2k
Procyon Advisors, LLC Added +39,453+39.5k
Buska Wealth Management, LLC Added +36,769+36.8k
ENVESTNET ASSET MANAGEMENT INC Added +28,870+28.9k
CWM, LLC Added +25,164+25.2k

Biggest sellers

AGF MANAGEMENT LTD Reduced -249,751-249.8k
Q3 Asset Management Sold out -151,496-151.5k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Reduced -107,190-107.2k
Advisory Services Network, LLC Reduced -60,790-60.8k
BNP PARIBAS FINANCIAL MARKETS Sold out -50,000-50.0k
LPL Financial LLC Reduced -39,507-39.5k
MML INVESTORS SERVICES, LLC Reduced -37,641-37.6k
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Reduced -34,265-34.3k
JANE STREET GROUP, LLC Sold out -33,721-33.7k
Beaumont Financial Advisors, LLC Sold out -24,803-24.8k

Biggest calls

SIMPLEX TRADING, LLC Added $716.0k12.3k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $703.4k9.5k shares
Belvedere Trading LLC New $133.3k1.8k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

Belvedere Trading LLC New $81.4k1.1k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Lido Advisors, LLC 0.97% of their portfolio Los Angeles, CA 2,508,0132.5m $185.7m $185.7m 0.97% Reduced -19.7k -19,713
2 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 1,820,6351.8m $134.8m $134.8m 0.02% Reduced -34.3k -34,265
3 COMMONWEALTH EQUITY SERVICES, LLC 0.06% of their portfolio WALTHAM, MA 595,860595.9k $44.1m $44.1m 0.06% Added +6.4k +6,442
4 AGF MANAGEMENT LTD 0.19% of their portfolio TORONTO, A6 579,183579.2k $42.9m $42.9m 0.19% Reduced -249.8k -249,751
5 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 331,555331.6k $24.5m $24.5m 0.00% Added +8.9k +8,908
6 CW Advisors, LLC 0.22% of their portfolio BOSTON, MA 312,278312.3k $23.1m $23.1m 0.22% Reduced -6.4k -6,405
7 VICUS CAPITAL 1.84% of their portfolio STATE COLLEGE, PA 299,652299.7k $22.2m $22.2m 1.84% Added +7.3k +7,331
8 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 245,399245.4k $18.2m $18.2m 0.01% Reduced -39.5k -39,507
9 Full Sail Capital, LLC 1.05% of their portfolio OKLAHOMA CITY, OK 244,575244.6k $18.1m $18.1m 1.05% Reduced -3.4k -3,362
10 NorthCoast Asset Management LLC 0.07% of their portfolio STAMFORD, CT 215,753215.8k $16.0m $16.0m 0.07% Added +126.3k +126,266
11 Strategic Point Investment Advisors, LLC 2.35% of their portfolio PROVIDENCE, RI 205,883205.9k $15.2m $15.2m 2.35% Added +1.6k +1,578
12 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 161,219161.2k $11.9m $11.9m 0.00% Reduced -20.5k -20,498
13 Fischer Financial Services, Inc. 3.23% of their portfolio HARRISBURG, PA 148,236148.2k $11.0m $11.0m 3.23% Reduced -3.1k -3,133
14 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 146,906146.9k $10.9m $10.9m 0.00% Reduced -92 -92
15 Independence Financial Advisors, LLC 4.16% of their portfolio FRANKLIN, NH 144,405144.4k $10.7m $10.7m 4.16% Added +4.7k +4,736
16 Modern Wealth Management, LLC 0.25% of their portfolio KANSAS CITY, MO 137,539137.5k $10.2m $10.2m 0.25% Added +80.2k +80,205
17 Kestra Advisory Services, LLC 0.05% of their portfolio AUSTIN, TX 137,110137.1k $10.2m $10.2m 0.05% Added +9.6k +9,552
18 PERSONAL CFO SOLUTIONS, LLC 1.63% of their portfolio CHESTER, NJ 119,296119.3k $8.8m $8.8m 1.63% Added +8.2k +8,193
19 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 118,899118.9k $8.8m $8.8m 0.01% Reduced -5.0k -5,002
20 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 115,966116.0k $8.6m $8.6m 0.02% Added +110 +110
21 Procyon Advisors, LLC 0.80% of their portfolio SHELTON, CT 114,516114.5k $8.5m $8.5m 0.80% Added +39.5k +39,453
22 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 103,983104.0k $7.7m $7.7m 0.00% Added +56.8k +56,806
23 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 102,212102.2k $7.6m $7.6m 0.00% Added +15.1k +15,136
24 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 94,90094.9k $7.0m $7.0m 0.01% New
25 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 94,08694.1k $7.0m $7.0m 0.00% Added +28.9k +28,870
26 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 93,93193.9k $7.0m $7.0m 0.01% Reduced -107.2k -107,190
27 AE Wealth Management LLC 0.05% of their portfolio TOPEKA, KS 92,73092.7k $6.9m $6.9m 0.05% Added +5.7k +5,660
28 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 85,59285.6k $6.3m $6.3m 0.01% Reduced -3.4k -3,354
29 Algorithmic Investment Models, LLC 4.21% of their portfolio Boston, MA 83,15983.2k $6.2m $6.2m 4.21% New
30 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 78,51478.5k $5.8m $5.8m 0.01% Added +4.6k +4,596
31 FMR LLC 0.00% of their portfolio BOSTON, MA 71,16471.2k $5.3m $5.3m 0.00% Reduced -1.1k -1,148
32 Buska Wealth Management, LLC 1.39% of their portfolio WAUSAU, WI 68,81568.8k $5.1m $5.1m 1.39% Added +36.8k +36,769
33 Yoder Wealth Management, Inc. 2.44% of their portfolio WALNUT CREEK, CA 63,15963.2k $4.7m $4.7m 2.44% Added +922 +922
34 Steward Partners Investment Advisory, LLC 0.03% of their portfolio STAMFORD, CT 56,81956.8k $4.2m $4.2m 0.03% Added +55.2k +55,193
35 Maltin Wealth Management, Inc. 1.85% of their portfolio RIDGEWOOD, NJ 55,54655.5k $4.1m $4.1m 1.85% Added +892 +892
36 Smith Salley Wealth Management 0.23% of their portfolio GREENSBORO, NC 53,78553.8k $4.0m $4.0m 0.23% Added +713 +713
37 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 50,94950.9k $3.8m $3.8m 0.01% Added +1.8k +1,778
38 Mariner, LLC 0.01% of their portfolio Overland Park, KS 47,62547.6k $3.5m $3.5m 0.01% Reduced -1.9k -1,924
39 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 41,18841.2k $3.0m $3.0m 0.00% Added +10.6k +10,578
40 Orion Porfolio Solutions, LLC 0.03% of their portfolio OMAHA, NE 39,90439.9k $3.0m $3.0m 0.03% Reduced -2.0k -2,039
41 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.02% of their portfolio Stamford, CT 37,16037.2k $2.8m $2.8m 0.02% Added +4.2k +4,237
42 KESTRA PRIVATE WEALTH SERVICES, LLC 0.04% of their portfolio AUSTIN, TX 37,12937.1k $2.7m $2.7m 0.04% Added +2.2k +2,157
43 LYNCH & ASSOCIATES/IN 0.52% of their portfolio EVANSVILLE, IN 34,82034.8k $2.6m $2.6m 0.52% Added +1.2k +1,203
44 Patriot Financial Group Insurance Agency, LLC 0.28% of their portfolio Westborough, MA 33,18133.2k $2.5m $2.5m 0.28% Added +672 +672
45 VCI Wealth Management LLC 0.86% of their portfolio ST LOUIS, MO 32,98933.0k $2.4m $2.4m 0.86% Added +2.5k +2,505
46 EP Wealth Advisors, LLC 0.02% of their portfolio TORRANCE, CA 32,80232.8k $2.4m $2.4m 0.02% Reduced -524 -524
47 CWM, LLC 0.01% of their portfolio OMAHA, NE 32,40632.4k $2.4m $2.4m 0.01% Added +25.2k +25,164
48 Exchange Capital Management, Inc. 0.35% of their portfolio Ann Arbor, MI 31,95532.0k $2.4m $2.4m 0.35% Reduced -916 -916
49 SMITH SHELLNUT WILSON LLC /ADV 0.99% of their portfolio Ridgeland, MS 30,89430.9k $2.3m $2.3m 0.99% Reduced -1.7k -1,666
50 UBS Group AG 0.00% of their portfolio ZURICH, V8 29,46829.5k $2.2m $2.2m 0.00% Added +1.4k +1,394
51 Maxele Advisors, LLC 1.88% of their portfolio WEBSTER GROVES, MO 29,14729.1k $2.2m $2.2m 1.88% Reduced -227 -227
52 Harbor Asset Planning, Inc. 2.00% of their portfolio BELMONT, MA 28,34828.3k $2.1m $2.1m 2.00% First filing
53 Snowden Capital Advisors LLC 0.06% of their portfolio New York, NY 28,06328.1k $2.1m $2.1m 0.06% Reduced -267 -267
54 Aspire Capital Advisors LLC 0.56% of their portfolio SEATTLE, WA 27,21627.2k $2.0m $2.0m 0.56% Reduced -21.5k -21,502
55 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 27,10127.1k $2.0m $2.0m 0.00% Reduced -1.9k -1,920
56 KDK Private Wealth Management, LLC 2.06% of their portfolio Houston, TX 26,10326.1k $1.9m $1.9m 2.06% Reduced -607 -607
57 Atria Wealth Solutions, Inc. 0.04% of their portfolio NEW YORK, NY 25,51425.5k $1.9m $1.9m 0.04% Reduced -17.5k -17,518
58 Robertson Stephens Wealth Management, LLC 0.06% of their portfolio San Francisco, CA 24,64024.6k $1.8m $1.8m 0.06% Reduced -1.4k -1,395
59 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 23,90123.9k $1.8m $1.8m 0.00% Added +584 +584
60 Ameritas Advisory Services, LLC 0.09% of their portfolio Lincoln, NE 23,51123.5k $1.7m $1.7m 0.09% Reduced -6.8k -6,771
61 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 22,70022.7k $1.7m $1.7m 0.00% Added +14.3k +14,252
62 Aspetuck Financial Management LLC 1.20% of their portfolio WESTPORT, CT 21,48221.5k $1.6m $1.6m 1.20% Reduced -396 -396
63 Sigma Planning Corp 0.05% of their portfolio ANN ARBOR, MI 20,76720.8k $1.5m $1.5m 0.05% Reduced -2.3k -2,271
64 Birchcreek Wealth Management, LLC 0.82% of their portfolio MIAMI TOWNSHIP, OH 19,57619.6k $1.4m $1.4m 0.82% Added +1.0k +1,009
65 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 18,81018.8k $1.4m $1.4m 0.00% Reduced -450 -450
66 Quantinno Capital Management LP 0.01% of their portfolio NEW YORK, NY 18,45918.5k $1.4m $1.4m 0.01% Added +2.4k +2,401
67 Retirement Planning Group, LLC 0.06% of their portfolio LEAWOOD, KS 18,03318.0k $1.3m $1.3m 0.06% Added +2.0k +1,952
68 GREAT VALLEY ADVISOR GROUP, INC. 0.03% of their portfolio WILMINGTON, DE 17,75217.8k $1.3m $1.3m 0.03% Reduced -2.0k -2,049
69 Meridian Wealth Management, LLC 0.05% of their portfolio LEXINGTON, KY 16,55416.6k $1.2m $1.2m 0.05% Added +97 +97
70 ATLAS CAPITAL ADVISORS INC. 0.14% of their portfolio JACKSON, WY 15,73115.7k $1.2m $1.2m 0.14% Unchanged
71 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 15,13315.1k $1.1m $1.1m 0.01% Reduced -14.7k -14,682
72 Fisher Asset Management, LLC 0.00% of their portfolio PLANO, TX 14,70514.7k $1.1m $1.1m 0.00% Added +5.1k +5,063
73 Blue Capital, Inc. 0.76% of their portfolio OMAHA, NE 14,39214.4k $1.1m $1.1m 0.76% First filing
74 Traynor Capital Management, Inc. 0.07% of their portfolio MALVERN, PA 13,64613.6k $1.0m $1.0m 0.07% Added +93 +93
75 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 13,59513.6k $1.0m $1.0m 0.00% Added +790 +790
76 Crossmark Global Holdings, Inc. 0.02% of their portfolio HOUSTON, TX 13,12513.1k $971.8k $971.8k 0.02% Reduced -683 -683
77 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 13,11113.1k $971.0k $971.0k 0.00% Reduced -37.6k -37,641
78 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 12,84312.8k $942.2k $942.2k 0.00% Added +4.2k +4,157
79 Summit Financial, LLC 0.02% of their portfolio PARSIPPANY, NJ 12,81612.8k $948.9k $948.9k 0.02% Reduced -1.1k -1,113
80 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 12,79312.8k $947.2k $947.2k 0.00% Reduced -3.1k -3,112
81 G2 CAPITAL MANAGEMENT, LLC / OH 0.26% of their portfolio COLUMBUS, OH 12,47912.5k $924.0k $924.0k 0.26% Unchanged
82 Western Wealth Management, LLC 0.05% of their portfolio GOLDEN, CO 12,36212.4k $915.3k $915.3k 0.05% Added +3 +3
83 Glass Jacobson Investment Advisors llc 0.35% of their portfolio OWINGS MILLS, MD 12,20212.2k $903.4k $903.4k 0.35% Reduced -277 -277
84 AXXCESS WEALTH MANAGEMENT, LLC 0.02% of their portfolio CARLSBAD, CA 12,18012.2k $901.8k $901.8k 0.02% Added +6.8k +6,831
85 Sunbelt Securities, Inc. 0.07% of their portfolio HOUSTON, TX 10,80310.8k $742.0k $742.0k 0.07% Reduced -178 -178
86 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 10,66210.7k $804.4k $804.4k 0.00% Added +530 +530
87 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 10,59210.6k $784.3k $784.3k 0.00% Added +510 +510
88 Merit Financial Group, LLC 0.01% of their portfolio ALPHARETTA, GA 10,49410.5k $777.0k $777.0k 0.01% Reduced -774 -774
89 AMERICAN NATIONAL BANK & TRUST 0.07% of their portfolio WICHITA FALLS, TX 9,7119.7k $719.0k $719.0k 0.07% Added +984 +984
90 Montis Financial, LLC 0.20% of their portfolio WALTHAM, MA 9,7089.7k $718.7k $718.7k 0.20% Reduced -2.2k -2,243
91 Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors 0.10% of their portfolio CONCORD, MA 9,6949.7k $717.7k $717.7k 0.10% Reduced -1.3k -1,288
92 World Investment Advisors 0.02% of their portfolio LINCROFT, NJ 9,6369.6k $713.5k $713.5k 0.02% Added +499 +499
93 AssuredPartners Investment Advisors, LLC 0.17% of their portfolio Tampa, FL 9,5199.5k $704.8k $704.8k 0.17% Reduced -664 -664
94 ACORN FINANCIAL ADVISORY SERVICES INC /ADV 0.11% of their portfolio Reston, VA 9,4719.5k $701.3k $701.3k 0.11% Added +2.4k +2,415
95 &PARTNERS 0.01% of their portfolio NASHVILLE, TN 9,2199.2k $682.5k $682.5k 0.01% Added +1.8k +1,774
96 Galvin, Gaustad & Stein, LLC 0.06% of their portfolio Scottsdale, AZ 8,8018.8k $651.6k $651.6k 0.06% Reduced -1.4k -1,450
97 Benchmark Financial Wealth Advisors, LLC 0.21% of their portfolio BOCA RATON, FL 8,7568.8k $648.3k $648.3k 0.21% New
98 Court Place Advisors, LLC 0.19% of their portfolio ELLICOTT CITY, MD 8,3408.3k $617.5k $617.5k 0.19% Reduced -187 -187
99 Pacific Sun Financial Corp 0.32% of their portfolio LOS ANGELES, CA 8,2878.3k $613.6k $613.6k 0.32% Added +313 +313
100 CENTAURUS FINANCIAL, INC. 0.03% of their portfolio ANAHEIM, CA 8,0828.1k $598.0k $598.0k 0.03% Reduced -424 -424