Vault-13

FIDELITY COVINGTON TRUST FSMD

SML MID MLTFCT · ETP · CUSIP 316092527

32 institutional holders +2 vs Q1 2023
1,985,8252.0m shares reported held*
$66.1mreported value*
5 new 12 added 10 reduced 4 sold out net bought ≈ $2.9m (+76.8k 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. Holder counts are more reliable. Implied quarter-end price ≈ $33.27.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

02040Q3 22: 18Q4 22: 25Q1 23: 30Q2 23: 3232Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202218
Q4 202225
Q1 202330
Q2 202332

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 22: 17 bought or addedQ4 22: 3 cut or sold outQ4 22Q1 23: 18 bought or addedQ1 23: 9 cut or sold outQ1 23Q2 23: 17 bought or addedQ2 23: 14 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022173
Q1 2023189
Q2 20231714

Biggest buyers

COMMONWEALTH EQUITY SERVICES, LLC Added +57,874+57.9k
STIFEL FINANCIAL CORP New +25,353+25.4k
Advisory Services Network, LLC Added +21,013+21.0k
CITADEL ADVISORS LLC Added +12,198+12.2k
Cambridge Investment Research Advisors, Inc. Added +10,881+10.9k
AE Wealth Management LLC Added +8,700+8.7k
Kestra Advisory Services, LLC Added +8,688+8.7k
ROYAL BANK OF CANADA Added +5,621+5.6k
LPL Financial LLC Added +4,566+4.6k
JPMORGAN CHASE & CO New +4,459+4.5k

Biggest sellers

BMS Financial Advisors, LLC Sold out -19,612-19.6k
FLOW TRADERS U.S. LLC Sold out -18,043-18.0k
IFP Advisors, Inc Reduced -13,146-13.1k
OSAIC HOLDINGS, INC. Reduced -10,699-10.7k
BROWN ADVISORY INC Sold out -9,352-9.4k
GOLDMAN SACHS GROUP INC Reduced -8,141-8.1k
BANK OF AMERICA CORP /DE/ Reduced -6,729-6.7k
Rehmann Capital Advisory Group Reduced -4,239-4.2k
ENVESTNET ASSET MANAGEMENT INC Reduced -3,322-3.3k
Ameritas Advisory Services, LLC Sold out -2,020-2.0k

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 COMMONWEALTH EQUITY SERVICES, LLC 0.05% of their portfolio WALTHAM, MA 721,864721.9k $24.1m $24.1m 0.05% Added +57.9k +57,874
2 Kestra Advisory Services, LLC 0.10% of their portfolio AUSTIN, TX 293,668293.7k $9.8m $9.8m 0.10% Added +8.7k +8,688
3 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 225,418225.4k $7.5m $7.5m 0.00% Reduced -3.3k -3,322
4 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 190,540190.5k $6.4m $6.4m 0.01% Reduced -10.7k -10,699
5 IFP Advisors, Inc 0.05% of their portfolio TAMPA, FL 77,51277.5k $2.3m $2.3m 0.05% Reduced -13.1k -13,146
6 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 60,76760.8k $2.0m $2.0m 0.00% Added +12.2k +12,198
7 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 54,48654.5k $1.8m $1.8m 0.00% Reduced -6.7k -6,729
8 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 51,05251.1k $1.7m $1.7m 0.00% Reduced -8.1k -8,141
9 LINCOLN NATIONAL CORP 0.03% of their portfolio RADNOR, PA 49,52949.5k $1.7m $1.7m 0.03% Added +4.1k +4,111
10 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 35,58335.6k $1.2m $1.2m 0.01% Added +2.6k +2,567
11 Rehmann Capital Advisory Group 0.10% of their portfolio LANSING, MI 32,02532.0k $1.1m $1.1m 0.10% Reduced -4.2k -4,239
12 Advisory Services Network, LLC 0.02% of their portfolio ATLANTA, GA 25,81725.8k $863.3k $863.3k 0.02% Added +21.0k +21,013
13 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 25,35325.4k $847.8k $847.8k 0.00% New
14 Cetera Advisor Networks LLC 0.01% of their portfolio EL SEGUNDO, CA 24,77324.8k $828.4k $828.4k 0.01% Reduced -17 -17
15 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 24,67724.7k $825.0k $825.0k 0.00% Added +10.9k +10,881
16 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 24,63324.6k $823.7k $823.7k 0.00% Added +8.7k +8,700
17 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 22,38122.4k $748.4k $748.4k 0.00% Added +4.6k +4,566
18 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 14,62214.6k $489.0k $489.0k 0.00% Added +5.6k +5,621
19 MAGNOLIA CAPITAL ADVISORS LLC 0.19% of their portfolio RIDGELAND, MS 11,22411.2k $375.3k $375.3k 0.19% Reduced -29 -29
20 Merit Financial Group, LLC 0.01% of their portfolio ALPHARETTA, GA 8,1408.1k $272.2k $272.2k 0.01% Unchanged
21 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 4,4594.5k $149.1k $149.1k 0.00% New
22 HARBOUR INVESTMENTS, INC. 0.01% of their portfolio MADISON, WI 3,5313.5k $118.1k $118.1k 0.01% Added +3.5k +3,487
23 Tradition Wealth Management, LLC 0.01% of their portfolio EDINA, MN 1,4961.5k $50.0k $50.0k 0.01% New
24 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,2651.3k $42.3k $42.3k 0.00% New
25 CWM, LLC 0.00% of their portfolio OMAHA, NE 857857 $29.0k $29.0k 0.00% Unchanged
26 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 8282 $2.7k $2.7k 0.00% Reduced -185 -185
27 Live Oak Investment Partners 0.00% of their portfolio AUSTIN, TX 7272 $2.4k $2.4k 0.00% Unchanged
28 Glass Jacobson Investment Advisors llc 0.00% of their portfolio OWINGS MILLS, MD 5555 $1.8k $1.8k 0.00% First filing
29 Sunbelt Securities, Inc. 0.00% of their portfolio HOUSTON, TX 1414 $468 $468 0.00% New
30 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 11 $17 $17 0.00% Added +1 +1
31 FMR LLC 0.00% of their portfolio BOSTON, MA 11 $33 $33 0.00% Reduced -7 -7
32 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged