Vault-13

FIDELITY COVINGTON TRUST FNCL

MSCI FINLS IDX · ETP · CUSIP 316092501

253 institutional holders -15 vs Q4 2025
12,082,87412.1m shares reported held*
$848.6mreported value*
24 new 90 added 81 reduced 34 sold out net sold ≈ $12.6m (-182.0k 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 ($42.5k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $70.23. Options: 3 managers hold calls ($1.5m notional), 0 hold puts (—).

Trends to Q1 2026

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: 268Q1 26: 253253Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q1 2026253

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 24: 85 bought or addedQ2 24: 78 cut or sold outQ3 24: 86 bought or addedQ3 24: 74 cut or sold outQ3 24Q4 24: 127 bought or addedQ4 24: 61 cut or sold outQ1 25: 139 bought or addedQ1 25: 81 cut or sold outQ1 25Q2 25: 108 bought or addedQ2 25: 110 cut or sold outQ3 25: 120 bought or addedQ3 25: 81 cut or sold outQ3 25Q4 25: 130 bought or addedQ4 25: 89 cut or sold outQ1 26: 114 bought or addedQ1 26: 115 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20248578
Q3 20248674
Q4 202412761
Q1 202513981
Q2 2025108110
Q3 202512081
Q4 202513089
Q1 2026114115

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5m$2mQ2 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 0.00Q1 26 calls: $1.5mQ1 26 puts: $0Q1 26P/C 0.00
Numbers
QuarterCallsPutsP/C
Q2 2025$1.6m$81.4k0.05
Q3 2025$1.1m$00.00
Q4 2025$867.6k$00.00
Q1 2026$1.5m$00.00

Biggest buyers

TWO SIGMA INVESTMENTS, LP New +149,000+149.0k
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Added +108,911+108.9k
GOLDMAN SACHS GROUP INC Added +72,840+72.8k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +64,019+64.0k
ROYAL BANK OF CANADA Added +62,906+62.9k
MORGAN STANLEY Added +47,983+48.0k
Kestra Advisory Services, LLC Added +35,569+35.6k
Procyon Advisors, LLC Added +25,067+25.1k
Merit Financial Group, LLC Added +23,669+23.7k
Thrivent Financial for Lutherans Added +22,375+22.4k

Biggest sellers

NorthCoast Asset Management LLC Reduced -149,336-149.3k
PERSONAL CFO SOLUTIONS, LLC Sold out -116,387-116.4k
ENVESTNET ASSET MANAGEMENT INC Reduced -109,562-109.6k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -98,055-98.1k
WELLS FARGO & COMPANY/MN Reduced -77,958-78.0k
Algorithmic Investment Models, LLC Sold out -63,564-63.6k
OSAIC HOLDINGS, INC. Reduced -63,198-63.2k
Aspire Capital Advisors LLC Sold out -45,293-45.3k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Reduced -42,200-42.2k
Lido Advisors, LLC Reduced -37,490-37.5k

Biggest calls

SIMPLEX TRADING, LLC Added $684.1k6.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $582.7k8.3k shares
CITADEL ADVISORS LLC New $238.7k3.4k 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, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Lido Advisors, LLC 0.74% of their portfolio Los Angeles, CA 2,670,1352.7m $187.4m $187.4m 0.74% Reduced -37.5k -37,490
2 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 1,990,9202.0m $139.8m $139.8m 0.02% Added +108.9k +108,911
3 AGF MANAGEMENT LTD 0.27% of their portfolio TORONTO, A6 867,448867.4k $60.9m $60.9m 0.27% Added +1.6k +1,592
4 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 383,389383.4k $26.9m $26.9m 0.00% Added +48.0k +47,983
5 COMMONWEALTH EQUITY SERVICES, LLC 0.04% of their portfolio WALTHAM, MA 376,167376.2k $26.4m $26.4m 0.04% Reduced -98.1k -98,055
6 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 353,635353.6k $24.8m $24.8m 0.01% Added +5.8k +5,771
7 OSAIC HOLDINGS, INC. 0.04% of their portfolio SCOTTSDALE, AZ 351,251351.3k $24.7m $24.7m 0.04% Reduced -63.2k -63,198
8 SAVA PENZISKO DRUSHTVO A.D. SKOPJE 7.33% of their portfolio SKOPJE, 1U 341,872341.9k $24.0m $24.0m 7.33% Unchanged
9 MERCER GLOBAL ADVISORS INC /ADV 0.03% of their portfolio DENVER, CO 251,557251.6k $17.7m $17.7m 0.03% Added +3.1k +3,089
10 Kestra Advisory Services, LLC 0.06% of their portfolio AUSTIN, TX 242,191242.2k $17.0m $17.0m 0.06% Added +35.6k +35,569
11 Strategic Point Investment Advisors, LLC 2.23% of their portfolio PROVIDENCE, RI 218,273218.3k $15.3m $15.3m 2.23% Added +1.7k +1,703
12 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 176,888176.9k $12.4m $12.4m 0.01% Reduced -42.2k -42,200
13 Independence Financial Advisors, LLC 3.43% of their portfolio FRANKLIN, NH 162,602162.6k $11.4m $11.4m 3.43% Added +11.6k +11,645
14 Procyon Advisors, LLC 0.54% of their portfolio SHELTON, CT 155,754155.8k $10.9m $10.9m 0.54% Added +25.1k +25,067
15 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 149,000149.0k $10.5m $10.5m 0.01% New
16 Fischer Financial Services, Inc. 3.31% of their portfolio HARRISBURG, PA 140,049140.0k $9.8m $9.8m 3.31% Reduced -711 -711
17 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 133,667133.7k $9.2m $9.2m 0.00% Reduced -4.2k -4,189
18 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 123,604123.6k $8.7m $8.7m 0.00% Reduced -260 -260
19 AE Wealth Management LLC 0.05% of their portfolio TOPEKA, KS 123,533123.5k $8.7m $8.7m 0.05% Added +13.0k +13,023
20 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 117,867117.9k $8.3m $8.3m 0.01% Added +2.7k +2,738
21 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 110,062110.1k $7.7m $7.7m 0.01% Added +22.4k +22,375
22 FMR LLC 0.00% of their portfolio BOSTON, MA 98,51698.5k $6.9m $6.9m 0.00% Added +7.2k +7,218
23 Yoder Wealth Management, Inc. 3.00% of their portfolio WALNUT CREEK, CA 93,64993.6k $6.6m $6.6m 3.00% Added +11.8k +11,835
24 Modern Wealth Management, LLC 0.11% of their portfolio KANSAS CITY, MO 91,98892.0k $6.5m $6.5m 0.11% Reduced -3.4k -3,429
25 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 86,27786.3k $6.1m $6.1m 0.01% Added +64.0k +64,019
26 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 82,16482.2k $5.8m $5.8m 0.00% Added +6.4k +6,427
27 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 81,74581.7k $5.7m $5.7m 0.00% Added +72.8k +72,840
28 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 79,88279.9k $5.6m $5.6m 0.00% Added +62.9k +62,906
29 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 66,91666.9k $4.7m $4.7m 0.00% Added +10 +10
30 Steward Partners Investment Advisory, LLC 0.02% of their portfolio STAMFORD, CT 66,24666.2k $4.7m $4.7m 0.02% Added +3.1k +3,074
31 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 65,74665.7k $4.6m $4.6m 0.00% Reduced -4.0k -3,988
32 Smith Salley Wealth Management 0.21% of their portfolio GREENSBORO, NC 60,30560.3k $4.2m $4.2m 0.21% Added +4.0k +3,994
33 Maltin Wealth Management, Inc. 1.43% of their portfolio RIDGEWOOD, NJ 53,26353.3k $3.7m $3.7m 1.43% Reduced -3.4k -3,367
34 Summit Financial, LLC 0.05% of their portfolio PARSIPPANY, NJ 50,84950.8k $3.6m $3.6m 0.05% Added +1.4k +1,439
35 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 49,80649.8k $3.5m $3.5m 0.01% Reduced -14.4k -14,419
36 Mariner, LLC 0.00% of their portfolio Overland Park, KS 48,19948.2k $3.4m $3.4m 0.00% Reduced -1.4k -1,449
37 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 41,13341.1k $2.9m $2.9m 0.00% Reduced -78.0k -77,958
38 Buska Wealth Management, LLC 1.15% of their portfolio WAUSAU, WI 40,71240.7k $2.9m $2.9m 1.15% Reduced -2.6k -2,643
39 NorthCoast Asset Management LLC 0.07% of their portfolio STAMFORD, CT 40,16040.2k $2.8m $2.8m 0.07% Reduced -149.3k -149,336
40 Robertson Stephens Wealth Management, LLC 0.08% of their portfolio San Francisco, CA 38,29038.3k $2.7m $2.7m 0.08% Reduced -88 -88
41 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.01% of their portfolio Stamford, CT 37,95538.0k $2.7m $2.7m 0.01% Added +981 +981
42 CWM, LLC 0.01% of their portfolio OMAHA, NE 37,38837.4k $2.6m $2.6m 0.01% Added +5.3k +5,338
43 LYNCH & ASSOCIATES/IN 0.49% of their portfolio EVANSVILLE, IN 37,30337.3k $2.6m $2.6m 0.49% Added +1.2k +1,232
44 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 34,66434.7k $2.4m $2.4m 0.00% Added +4.0k +4,043
45 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 31,36131.4k $2.2m $2.2m 0.00% Added +11.1k +11,116
46 Merit Financial Group, LLC 0.02% of their portfolio ALPHARETTA, GA 30,47930.5k $2.1m $2.1m 0.02% Added +23.7k +23,669
47 KESTRA PRIVATE WEALTH SERVICES, LLC 0.03% of their portfolio AUSTIN, TX 30,36630.4k $2.1m $2.1m 0.03% Reduced -6.2k -6,210
48 Harbor Asset Planning, Inc. 1.79% of their portfolio BELMONT, MA 30,25330.3k $2.1m $2.1m 1.79% Added +1.3k +1,284
49 Lifeworks Advisors, LLC 0.26% of their portfolio GRAND RAPIDS, MI 29,02329.0k $2.0m $2.0m 0.26% Added +2.6k +2,621
50 Jacobs Equity LLC 1.76% of their portfolio DRAPER, UT 27,96828.0k $2.0m $2.0m 1.76% Added +7.4k +7,370
51 EP Wealth Advisors, LLC 0.01% of their portfolio TORRANCE, CA 26,82326.8k $1.9m $1.9m 0.01% Reduced -727 -727
52 Snowden Capital Advisors LLC 0.05% of their portfolio New York, NY 26,34726.3k $1.8m $1.8m 0.05% Reduced -113 -113
53 Ameritas Advisory Services, LLC 0.07% of their portfolio Lincoln, NE 25,86925.9k $1.8m $1.8m 0.07% Reduced -12 -12
54 Tower Research Capital LLC (TRC) 0.05% of their portfolio NEW YORK, NY 25,83625.8k $1.8m $1.8m 0.05% Added +17.8k +17,813
55 UBS Group AG 0.00% of their portfolio ZURICH, V8 24,84624.8k $1.7m $1.7m 0.00% Reduced -7.5k -7,483
56 KDK Private Wealth Management, LLC 1.56% of their portfolio Houston, TX 24,30224.3k $1.7m $1.7m 1.56% Reduced -555 -555
57 SMITH SHELLNUT WILSON LLC /ADV 0.68% of their portfolio Ridgeland, MS 22,33422.3k $1.6m $1.6m 0.68% Reduced -4.5k -4,481
58 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 21,51521.5k $1.5m $1.5m 0.00% Added +3.3k +3,322
59 PFG Advisors 0.07% of their portfolio Phoenix, AZ 20,49320.5k $1.4m $1.4m 0.07% Added +802 +802
60 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 20,17020.2k $1.4m $1.4m 0.00% Added +1.1k +1,090
61 Fisher Asset Management, LLC 0.00% of their portfolio PLANO, TX 19,62419.6k $1.4m $1.4m 0.00% Added +1.5k +1,526
62 Heck Capital Advisors, LLC 0.10% of their portfolio Rhinelander, WI 19,51619.5k $1.4m $1.4m 0.10% New
63 BRIGHTON JONES LLC 0.03% of their portfolio SEATTLE, WA 18,06118.1k $1.3m $1.3m 0.03% New
64 Retirement Planning Group, LLC 0.04% of their portfolio LEAWOOD, KS 18,05518.1k $1.3m $1.3m 0.04% Unchanged
65 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 18,02118.0k $1.3m $1.3m 0.00% New
66 Meridian Wealth Management, LLC 0.04% of their portfolio LEXINGTON, KY 17,61517.6k $1.2m $1.2m 0.04% Reduced -2.6k -2,577
67 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 16,28016.3k $1.1m $1.1m 0.00% Added +211 +211
68 ATLAS CAPITAL ADVISORS INC. 0.13% of their portfolio JACKSON, WY 15,72315.7k $1.1m $1.1m 0.13% Added +1.6k +1,590
69 Traynor Capital Management, Inc. 0.06% of their portfolio MALVERN, PA 14,96515.0k $1.0m $1.0m 0.06% Added +386 +386
70 AMERICAN NATIONAL BANK & TRUST 0.10% of their portfolio WICHITA FALLS, TX 14,57914.6k $1.0m $1.0m 0.10% Added +780 +780
71 ACORN FINANCIAL ADVISORY SERVICES INC /ADV 0.14% of their portfolio Reston, VA 14,51414.5k $1.0m $1.0m 0.14% Added +939 +939
72 Birchcreek Wealth Management, LLC 0.48% of their portfolio MIAMI TOWNSHIP, OH 14,31414.3k $1.0m $1.0m 0.48% Added +949 +949
73 Sigma Planning Corp 0.03% of their portfolio ANN ARBOR, MI 14,20914.2k $997.4k $997.4k 0.03% Reduced -7.2k -7,165
74 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 14,20814.2k $997.4k $997.4k 0.01% Reduced -23.9k -23,894
75 Aspetuck Financial Management LLC 0.64% of their portfolio WESTPORT, CT 13,32913.3k $935.7k $935.7k 0.64% Reduced -8.0k -7,970
76 G2 CAPITAL MANAGEMENT, LLC / OH 0.21% of their portfolio COLUMBUS, OH 12,47912.5k $876.0k $876.0k 0.21% Unchanged
77 Western Wealth Management, LLC 0.03% of their portfolio GOLDEN, CO 12,29712.3k $863.2k $863.2k 0.03% Added +5 +5
78 Sunbelt Securities, Inc. 0.05% of their portfolio HOUSTON, TX 11,96412.0k $839.9k $839.9k 0.05% Reduced -707 -707
79 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 11,88411.9k $834.2k $834.2k 0.00% Reduced -109.6k -109,562
80 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 11,85211.9k $832.0k $832.0k 0.00% Reduced -755 -755
81 WEDBUSH SECURITIES INC 0.02% of their portfolio PASADENA, CA 11,84511.8k $832.0k $832.0k 0.02% Added +1.4k +1,380
82 Pacific Sun Financial Corp 0.39% of their portfolio LOS ANGELES, CA 11,40211.4k $800.4k $800.4k 0.39% Added +2.5k +2,491
83 Go Invest LLC 0.23% of their portfolio WEST JORDAN, UT 11,32511.3k $795.0k $795.0k 0.23% Added +1.1k +1,119
84 Glass Jacobson Investment Advisors llc 0.27% of their portfolio OWINGS MILLS, MD 11,11111.1k $780.0k $780.0k 0.27% Added +394 +394
85 BLUE JEAN FINANCIAL LLC 0.62% of their portfolio ALBANY, NY 10,65810.7k $748.2k $748.2k 0.62% Added +453 +453
86 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 10,43010.4k $732.2k $732.2k 0.00% Reduced -157 -157
87 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 10,37510.4k $728.4k $728.4k 0.00% Added +1.0k +1,038
88 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 10,18110.2k $717.6k $717.6k 0.00% Reduced -16.0k -15,951
89 LongView Wealth Management 0.19% of their portfolio ATLANTA, GA 10,14310.1k $749.2k $749.2k 0.19% Added +53 +53
90 Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors 0.08% of their portfolio CONCORD, MA 9,7859.8k $686.9k $686.9k 0.08% Added +236 +236
91 Galvin, Gaustad & Stein, LLC 0.05% of their portfolio Scottsdale, AZ 9,7579.8k $684.9k $684.9k 0.05% Added +1.0k +1,033
92 Bayshore Capital Advisors, LLC 0.28% of their portfolio TAMPA, FL 9,6109.6k $674.6k $674.6k 0.28% Unchanged
93 World Investment Advisors 0.01% of their portfolio LINCROFT, NJ 9,4899.5k $666.1k $666.1k 0.01% Reduced -77 -77
94 Benchmark Financial Wealth Advisors, LLC 0.18% of their portfolio BOCA RATON, FL 9,0429.0k $634.8k $634.8k 0.18% Reduced -691 -691
95 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 8,8588.9k $623.8k $623.8k 0.00% Reduced -2.0k -1,975
96 Cornerstone Management, Inc. 0.10% of their portfolio DULUTH, GA 8,8418.8k $620.6k $620.6k 0.10% Added +1.7k +1,731
97 CENTAURUS FINANCIAL, INC. 0.03% of their portfolio ANAHEIM, CA 8,7878.8k $617.0k $617.0k 0.03% Added +343 +343
98 Gladstone Institutional Advisory LLC 0.02% of their portfolio Bedminster, NJ 8,5968.6k $603.5k $603.5k 0.02% Added +5.5k +5,500
99 Athena Wealth Management, LLC 0.49% of their portfolio RENO, NV 8,5818.6k $602.4k $602.4k 0.49% Added +1.5k +1,509
100 Roxbury Financial LLC 0.52% of their portfolio MOUNT ARLINGTON, NJ 8,1798.2k $574.2k $574.2k 0.52% Added +88 +88