Vault-13

FIDELITY COVINGTON TRUST FNCL

MSCI FINLS IDX · ETP · CUSIP 316092501

268 institutional holders +13 vs Q3 2025
12,303,39812.3m shares reported held*
$953.2mreported value*
24 new 106 added 70 reduced 19 sold out net sold ≈ $22.8m (-293.2k 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 ($237.7k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $77.47. Options: 2 managers hold calls ($867.6k notional), 0 hold puts (—).

Trends to Q4 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: 255Q3 25: 255Q4 25: 268268Q3 22Q2 23Q1 24Q4 24Q4 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
Q3 2025255
Q4 2025268

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q1 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 25Q3 25: 120 bought or addedQ3 25: 81 cut or sold outQ4 25: 130 bought or addedQ4 25: 89 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20248185
Q2 20248578
Q3 20248674
Q4 202412761
Q1 202513981
Q2 2025108110
Q3 202512081
Q4 202513089

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5m$2mQ1 25 calls: $649.6kQ1 25 puts: $0Q1 25P/C 0.00Q2 25 calls: $1.6mQ2 25 puts: $81.4kQ2 25P/C 0.05Q3 25 calls: $1.1mQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $867.6kQ4 25 puts: $0Q4 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q1 2025$649.6k$00.00
Q2 2025$1.6m$81.4k0.05
Q3 2025$1.1m$00.00
Q4 2025$867.6k$00.00

Biggest buyers

Kestra Advisory Services, LLC Added +64,555+64.6k
ENVESTNET ASSET MANAGEMENT INC Added +61,115+61.1k
LPL Financial LLC Added +56,045+56.0k
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Added +51,401+51.4k
CITIGROUP INC Added +49,308+49.3k
COMMONWEALTH EQUITY SERVICES, LLC Added +25,627+25.6k
BANK OF AMERICA CORP /DE/ Added +14,350+14.3k
Cambridge Investment Research Advisors, Inc. Added +14,325+14.3k
MORGAN STANLEY Added +13,767+13.8k
Robertson Stephens Wealth Management, LLC Added +13,738+13.7k

Biggest sellers

VICUS CAPITAL Reduced -304,797-304.8k
JPMORGAN CHASE & CO Reduced -144,780-144.8k
TWO SIGMA INVESTMENTS, LP Sold out -76,900-76.9k
AMERIPRISE FINANCIAL INC Reduced -54,265-54.3k
WELLS FARGO & COMPANY/MN Reduced -45,573-45.6k
MERCER GLOBAL ADVISORS INC /ADV Reduced -25,672-25.7k
BRIGHTON JONES LLC Sold out -18,044-18.0k
NorthCoast Asset Management LLC Reduced -15,858-15.9k
OSAIC HOLDINGS, INC. Reduced -15,799-15.8k
HighTower Advisors, LLC Reduced -13,620-13.6k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $536.4k6.9k shares
SIMPLEX TRADING, LLC Reduced $331.2k5.8k shares

Biggest puts

None

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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Lido Advisors, LLC 0.81% of their portfolio Los Angeles, CA 2,707,6252.7m $206.8m $206.8m 0.81% Added +3.6k +3,567
2 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 1,882,0091.9m $146.3m $146.3m 0.02% Added +51.4k +51,401
3 AGF MANAGEMENT LTD 0.29% of their portfolio TORONTO, A6 865,856865.9k $67.3m $67.3m 0.29% Added +12.0k +11,965
4 COMMONWEALTH EQUITY SERVICES, LLC 0.05% of their portfolio WALTHAM, MA 474,222474.2k $36.9m $36.9m 0.05% Added +25.6k +25,627
5 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 414,449414.4k $32.2m $32.2m 0.05% Reduced -15.8k -15,799
6 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 347,864347.9k $27.0m $27.0m 0.01% Added +56.0k +56,045
7 SAVA PENZISKO DRUSHTVO A.D. SKOPJE 8.58% of their portfolio SKOPJE, 1U 341,872341.9k $26.6m $26.6m 8.58% Unchanged
8 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 335,406335.4k $26.1m $26.1m 0.00% Added +13.8k +13,767
9 MERCER GLOBAL ADVISORS INC /ADV 0.03% of their portfolio DENVER, CO 248,468248.5k $19.3m $19.3m 0.03% Reduced -25.7k -25,672
10 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 219,088219.1k $17.0m $17.0m 0.01% Added +10.0k +10,040
11 Strategic Point Investment Advisors, LLC 2.33% of their portfolio PROVIDENCE, RI 216,570216.6k $16.8m $16.8m 2.33% Added +6.5k +6,497
12 Kestra Advisory Services, LLC 0.07% of their portfolio AUSTIN, TX 206,622206.6k $16.1m $16.1m 0.07% Added +64.6k +64,555
13 NorthCoast Asset Management LLC 0.33% of their portfolio STAMFORD, CT 189,496189.5k $14.7m $14.7m 0.33% Reduced -15.9k -15,858
14 Independence Financial Advisors, LLC 3.23% of their portfolio FRANKLIN, NH 150,957151.0k $11.7m $11.7m 3.23% Added +4.7k +4,661
15 Fischer Financial Services, Inc. 2.90% of their portfolio HARRISBURG, PA 140,760140.8k $10.9m $10.9m 2.90% Reduced -5.5k -5,456
16 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 137,856137.9k $10.7m $10.7m 0.00% Reduced -144.8k -144,780
17 Procyon Advisors, LLC 0.50% of their portfolio SHELTON, CT 130,687130.7k $10.2m $10.2m 0.50% Added +4.7k +4,679
18 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 123,864123.9k $9.6m $9.6m 0.00% Added +14.3k +14,350
19 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 121,446121.4k $9.4m $9.4m 0.00% Added +61.1k +61,115
20 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 119,091119.1k $9.3m $9.3m 0.00% Reduced -45.6k -45,573
21 PERSONAL CFO SOLUTIONS, LLC 1.44% of their portfolio CHESTER, NJ 116,387116.4k $9.0m $9.0m 1.44% Reduced -2.0k -1,963
22 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 115,129115.1k $9.0m $9.0m 0.01% Reduced -2.8k -2,835
23 AE Wealth Management LLC 0.05% of their portfolio TOPEKA, KS 110,510110.5k $8.6m $8.6m 0.05% Added +8.0k +8,002
24 Modern Wealth Management, LLC 0.14% of their portfolio KANSAS CITY, MO 95,41795.4k $7.4m $7.4m 0.14% Reduced -7.6k -7,639
25 FMR LLC 0.00% of their portfolio BOSTON, MA 91,29891.3k $7.1m $7.1m 0.00% Added +5.4k +5,428
26 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 87,68787.7k $6.8m $6.8m 0.01% Added +5.0k +5,035
27 Yoder Wealth Management, Inc. 2.90% of their portfolio WALNUT CREEK, CA 81,81481.8k $6.4m $6.4m 2.90% Added +13.3k +13,304
28 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 75,73775.7k $5.9m $5.9m 0.00% Added +49.3k +49,308
29 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 69,73469.7k $5.4m $5.4m 0.01% Reduced -13.6k -13,620
30 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 66,90666.9k $5.2m $5.2m 0.00% Reduced -54.3k -54,265
31 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 64,22564.2k $5.0m $5.0m 0.01% Added +14.3k +14,325
32 Algorithmic Investment Models, LLC 6.09% of their portfolio Boston, MA 63,56463.6k $4.9m $4.9m 6.09% Reduced -1.3k -1,312
33 Steward Partners Investment Advisory, LLC 0.03% of their portfolio STAMFORD, CT 63,17263.2k $4.9m $4.9m 0.03% Added +572 +572
34 Maltin Wealth Management, Inc. 1.75% of their portfolio RIDGEWOOD, NJ 56,63056.6k $4.4m $4.4m 1.75% Added +294 +294
35 Smith Salley Wealth Management 0.22% of their portfolio GREENSBORO, NC 56,31156.3k $4.4m $4.4m 0.22% Added +209 +209
36 Mariner, LLC 0.00% of their portfolio Overland Park, KS 49,64849.6k $3.9m $3.9m 0.00% Added +2.5k +2,459
37 Summit Financial, LLC 0.06% of their portfolio PARSIPPANY, NJ 49,41049.4k $3.8m $3.8m 0.06% Added +1.6k +1,593
38 Aspire Capital Advisors LLC 0.83% of their portfolio SEATTLE, WA 45,29345.3k $3.5m $3.5m 0.83% Added +2.7k +2,740
39 Buska Wealth Management, LLC 1.25% of their portfolio WAUSAU, WI 43,35543.4k $3.4m $3.4m 1.25% Reduced -13.1k -13,120
40 Robertson Stephens Wealth Management, LLC 0.08% of their portfolio San Francisco, CA 38,37838.4k $3.0m $3.0m 0.08% Added +13.7k +13,738
41 Orion Porfolio Solutions, LLC 0.02% of their portfolio OMAHA, NE 38,10238.1k $3.0m $3.0m 0.02% Reduced -3.6k -3,623
42 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.02% of their portfolio Stamford, CT 36,97437.0k $2.9m $2.9m 0.02% Reduced -186 -186
43 KESTRA PRIVATE WEALTH SERVICES, LLC 0.04% of their portfolio AUSTIN, TX 36,57636.6k $2.8m $2.8m 0.04% Reduced -689 -689
44 LYNCH & ASSOCIATES/IN 0.53% of their portfolio EVANSVILLE, IN 36,07136.1k $2.8m $2.8m 0.53% Added +347 +347
45 UBS Group AG 0.00% of their portfolio ZURICH, V8 32,32932.3k $2.5m $2.5m 0.00% Added +2.4k +2,409
46 CWM, LLC 0.01% of their portfolio OMAHA, NE 32,05032.0k $2.5m $2.5m 0.01% Added +1.2k +1,158
47 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 30,62130.6k $2.4m $2.4m 0.00% Added +5.6k +5,565
48 Maxele Advisors, LLC 1.93% of their portfolio WEBSTER GROVES, MO 30,56730.6k $2.4m $2.4m 1.93% Added +1.4k +1,398
49 Harbor Asset Planning, Inc. 1.92% of their portfolio BELMONT, MA 28,96929.0k $2.3m $2.3m 1.92% Added +327 +327
50 EP Wealth Advisors, LLC 0.01% of their portfolio TORRANCE, CA 27,55027.6k $2.1m $2.1m 0.01% First filing
51 SMITH SHELLNUT WILSON LLC /ADV 0.80% of their portfolio Ridgeland, MS 26,81526.8k $2.1m $2.1m 0.80% Reduced -2.7k -2,741
52 Snowden Capital Advisors LLC 0.05% of their portfolio New York, NY 26,46026.5k $2.1m $2.1m 0.05% Reduced -1.2k -1,171
53 Lifeworks Advisors, LLC 0.27% of their portfolio GRAND RAPIDS, MI 26,40226.4k $2.1m $2.1m 0.27% Added +3.8k +3,820
54 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 26,13226.1k $2.1m $2.1m 0.00% Added +12.9k +12,861
55 Ameritas Advisory Services, LLC 0.08% of their portfolio Lincoln, NE 25,88125.9k $2.0m $2.0m 0.08% Reduced -65 -65
56 KDK Private Wealth Management, LLC 1.69% of their portfolio Houston, TX 24,85724.9k $1.9m $1.9m 1.69% Reduced -579 -579
57 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 22,25822.3k $1.7m $1.7m 0.00% Reduced -5.5k -5,469
58 Sigma Planning Corp 0.05% of their portfolio ANN ARBOR, MI 21,37421.4k $1.7m $1.7m 0.05% Reduced -421 -421
59 Aspetuck Financial Management LLC 1.11% of their portfolio WESTPORT, CT 21,29921.3k $1.7m $1.7m 1.11% Reduced -147 -147
60 Jacobs Equity LLC 1.54% of their portfolio DRAPER, UT 20,59820.6k $1.6m $1.6m 1.54% First filing
61 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 20,24520.2k $1.6m $1.6m 0.00% Added +2.3k +2,296
62 Meridian Wealth Management, LLC 0.06% of their portfolio LEXINGTON, KY 20,19220.2k $1.6m $1.6m 0.06% Added +1.6k +1,571
63 PFG Advisors 0.07% of their portfolio Phoenix, AZ 19,69119.7k $1.5m $1.5m 0.07% Added +1.0k +1,049
64 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 19,08019.1k $1.5m $1.5m 0.00% Added +1.2k +1,202
65 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 18,19318.2k $1.4m $1.4m 0.00% Added +874 +874
66 Fisher Asset Management, LLC 0.00% of their portfolio PLANO, TX 18,09818.1k $1.4m $1.4m 0.00% Added +246 +246
67 Retirement Planning Group, LLC 0.05% of their portfolio LEAWOOD, KS 18,05518.1k $1.4m $1.4m 0.05% Reduced -25 -25
68 GREAT VALLEY ADVISOR GROUP, INC. 0.03% of their portfolio WILMINGTON, DE 17,64317.6k $1.4m $1.4m 0.03% Reduced -460 -460
69 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 16,97617.0k $1.3m $1.3m 0.00% Reduced -899 -899
70 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 16,06916.1k $1.2m $1.2m 0.00% Added +944 +944
71 Traynor Capital Management, Inc. 0.06% of their portfolio MALVERN, PA 14,57914.6k $1.1m $1.1m 0.06% Added +479 +479
72 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 14,54214.5k $1.1m $1.1m 0.00% Reduced -7.0k -6,957
73 ATLAS CAPITAL ADVISORS INC. 0.12% of their portfolio JACKSON, WY 14,13314.1k $1.1m $1.1m 0.12% First filing
74 AMERICAN NATIONAL BANK & TRUST 0.10% of their portfolio WICHITA FALLS, TX 13,79913.8k $1.1m $1.1m 0.10% Added +2.9k +2,917
75 ACORN FINANCIAL ADVISORY SERVICES INC /ADV 0.16% of their portfolio Reston, VA 13,57513.6k $1.1m $1.1m 0.16% Added +1.5k +1,523
76 Birchcreek Wealth Management, LLC 0.51% of their portfolio MIAMI TOWNSHIP, OH 13,36513.4k $1.0m $1.0m 0.51% Reduced -6.6k -6,590
77 Sunbelt Securities, Inc. 0.07% of their portfolio HOUSTON, TX 12,67112.7k $985.0k $985.0k 0.07% Reduced -4.3k -4,326
78 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 12,60712.6k $980.1k $980.1k 0.00% Reduced -10 -10
79 G2 CAPITAL MANAGEMENT, LLC / OH 0.23% of their portfolio COLUMBUS, OH 12,47912.5k $970.1k $970.1k 0.23% Unchanged
80 Western Wealth Management, LLC 0.04% of their portfolio GOLDEN, CO 12,29212.3k $955.6k $955.6k 0.04% Reduced -73 -73
81 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 10,83310.8k $842.1k $842.1k 0.00% Added +1.8k +1,830
82 Glass Jacobson Investment Advisors llc 0.30% of their portfolio OWINGS MILLS, MD 10,71710.7k $833.1k $833.1k 0.30% Reduced -395 -395
83 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 10,58710.6k $823.0k $823.0k 0.00% Added +1.7k +1,725
84 WEDBUSH SECURITIES INC 0.02% of their portfolio PASADENA, CA 10,46510.5k $814.0k $814.0k 0.02% Added +2.7k +2,738
85 Go Invest LLC 0.26% of their portfolio WEST JORDAN, UT 10,20610.2k $793.4k $793.4k 0.26% First filing
86 BLUE JEAN FINANCIAL LLC 0.64% of their portfolio ALBANY, NY 10,20510.2k $793.3k $793.3k 0.64% First filing
87 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 10,20010.2k $793.0k $793.0k 0.00% Reduced -695 -695
88 LongView Wealth Management 0.19% of their portfolio ATLANTA, GA 10,09010.1k $793.9k $793.9k 0.19% Added +117 +117
89 AXXCESS WEALTH MANAGEMENT, LLC 0.01% of their portfolio CARLSBAD, CA 9,7399.7k $757.1k $757.1k 0.01% Added +78 +78
90 Benchmark Financial Wealth Advisors, LLC 0.22% of their portfolio BOCA RATON, FL 9,7339.7k $756.7k $756.7k 0.22% Added +951 +951
91 Bayshore Capital Advisors, LLC 0.37% of their portfolio TAMPA, FL 9,6109.6k $747.1k $747.1k 0.37% First filing
92 World Investment Advisors 0.01% of their portfolio LINCROFT, NJ 9,5669.6k $743.6k $743.6k 0.01% Added +232 +232
93 Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors 0.09% of their portfolio CONCORD, MA 9,5499.5k $742.3k $742.3k 0.09% Reduced -242 -242
94 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 9,3379.3k $725.9k $725.9k 0.00% Added +7.7k +7,701
95 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 9,1499.1k $711.2k $711.2k 0.00% Added +5.3k +5,269
96 Pacific Sun Financial Corp 0.33% of their portfolio LOS ANGELES, CA 8,9118.9k $692.7k $692.7k 0.33% Added +390 +390
97 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 8,9058.9k $692.3k $692.3k 0.00% New
98 Galvin, Gaustad & Stein, LLC 0.05% of their portfolio Scottsdale, AZ 8,7248.7k $678.2k $678.2k 0.05% Reduced -152 -152
99 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 8,6528.7k $672.6k $672.6k 0.00% Added +651 +651
100 CENTAURUS FINANCIAL, INC. 0.03% of their portfolio ANAHEIM, CA 8,4448.4k $656.0k $656.0k 0.03% Added +725 +725