Vault-13

FIDELITY COVINGTON TRUST FSMD

SML MID MLTFCT · ETP · CUSIP 316092527

137 institutional holders +26 vs Q1 2025
32,034,31732.0m shares reported held*
$1.3bnreported value*
39 new 59 added 29 reduced 12 sold out net bought ≈ $402.7m (+9.7m 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 ≈ $41.48.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 18Q4 22: 25Q1 23: 30Q2 23: 32Q3 23: 31Q4 23: 32Q1 24: 41Q2 24: 56Q3 24: 67Q4 24: 93Q1 25: 111Q2 25: 137137Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202218
Q4 202225
Q1 202330
Q2 202332
Q3 202331
Q4 202332
Q1 202441
Q2 202456
Q3 202467
Q4 202493
Q1 2025111
Q2 2025137

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 15 bought or addedQ3 23: 11 cut or sold outQ4 23: 17 bought or addedQ4 23: 12 cut or sold outQ4 23Q1 24: 28 bought or addedQ1 24: 9 cut or sold outQ2 24: 40 bought or addedQ2 24: 11 cut or sold outQ2 24Q3 24: 45 bought or addedQ3 24: 17 cut or sold outQ4 24: 68 bought or addedQ4 24: 14 cut or sold outQ4 24Q1 25: 77 bought or addedQ1 25: 21 cut or sold outQ2 25: 98 bought or addedQ2 25: 41 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20231511
Q4 20231712
Q1 2024289
Q2 20244011
Q3 20244517
Q4 20246814
Q1 20257721
Q2 20259841

Biggest buyers

FMR LLC Added +7,516,038+7.5m
Sanctuary Advisors, LLC New +391,616+391.6k
COMMONWEALTH EQUITY SERVICES, LLC Added +377,640+377.6k
Atria Investments, Inc New +375,662+375.7k
BANK OF AMERICA CORP /DE/ Added +261,808+261.8k
LPL Financial LLC Added +224,588+224.6k
ENVESTNET ASSET MANAGEMENT INC Added +193,853+193.9k
NOVEM GROUP New +167,625+167.6k
MML INVESTORS SERVICES, LLC Added +133,565+133.6k
Kestra Advisory Services, LLC Added +132,886+132.9k

Biggest sellers

Parcion Private Wealth LLC Sold out -349,831-349.8k
Fortitude Financial, LLC Sold out -155,604-155.6k
Stratos Investment Management, LLC Reduced -121,471-121.5k
JANE STREET GROUP, LLC Reduced -93,718-93.7k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -56,319-56.3k
Per Stirling Capital Management, LLC. Sold out -48,056-48.1k
Trademark Financial Management, LLC Reduced -41,499-41.5k
AE Wealth Management LLC Reduced -39,659-39.7k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Reduced -38,981-39.0k
Advocacy Wealth Management, LLC Reduced -32,642-32.6k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FMR LLC 0.04% of their portfolio BOSTON, MA 16,578,86916.6m $687.5m $687.5m 0.04% Added +7.5m +7,516,038
2 Retirement Planning Group, LLC 6.27% of their portfolio LEAWOOD, KS 3,551,4943.6m $147.3m $147.3m 6.27% Added +73.4k +73,441
3 COMMONWEALTH EQUITY SERVICES, LLC 0.12% of their portfolio WALTHAM, MA 2,208,2762.2m $91.6m $91.6m 0.12% Added +377.6k +377,640
4 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,116,8131.1m $46.3m $46.3m 0.00% Added +261.8k +261,808
5 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 845,378845.4k $35.1m $35.1m 0.01% Added +224.6k +224,588
6 Advocacy Wealth Management, LLC 1.75% of their portfolio ATLANTA, GA 686,805686.8k $28.5m $28.5m 1.75% Reduced -32.6k -32,642
7 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 631,790631.8k $26.2m $26.2m 0.01% Added +193.9k +193,853
8 Kestra Advisory Services, LLC 0.09% of their portfolio AUSTIN, TX 441,185441.2k $18.3m $18.3m 0.09% Added +132.9k +132,886
9 Systelligence, LLC 3.15% of their portfolio BLOOMINGTON, MN 411,287411.3k $17.1m $17.1m 3.15% Added +15.8k +15,844
10 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 407,073407.1k $16.9m $16.9m 0.03% Added +32.0k +31,998
11 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 397,102397.1k $16.5m $16.5m 0.01% Added +29.2k +29,184
12 Sanctuary Advisors, LLC 0.10% of their portfolio INDIANAPOLIS, IN 391,616391.6k $16.2m $16.2m 0.10% New
13 Atria Investments, Inc 0.18% of their portfolio Charlotte, NC 375,662375.7k $15.6m $15.6m 0.18% New
14 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 286,148286.1k $11.9m $11.9m 0.01% Reduced -39.0k -38,981
15 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 256,896256.9k $10.7m $10.7m 0.03% Added +7.5k +7,524
16 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 247,254247.3k $10.3m $10.3m 0.01% Added +25.0k +24,991
17 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 236,855236.9k $9.8m $9.8m 0.02% Added +49.7k +49,661
18 AssuredPartners Investment Advisors, LLC 2.31% of their portfolio Tampa, FL 227,826227.8k $9.4m $9.4m 2.31% Reduced -18.8k -18,833
19 Steward Partners Investment Advisory, LLC 0.07% of their portfolio STAMFORD, CT 201,710201.7k $8.4m $8.4m 0.07% Reduced -3.6k -3,612
20 NOVEM GROUP 0.88% of their portfolio Rochester, NY 167,625167.6k $7.0m $7.0m 0.88% New
21 Provident Wealth Management, LLC 2.19% of their portfolio BRENTWOOD, TN 161,237161.2k $6.7m $6.7m 2.19% Added +195 +195
22 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 139,142139.1k $5.8m $5.8m 0.02% Added +133.6k +133,565
23 Advisory Services Network, LLC 0.09% of their portfolio ATLANTA, GA 138,702138.7k $5.8m $5.8m 0.09% Added +73.5k +73,452
24 Evergreen Private Wealth LLC 2.14% of their portfolio GREENWOOD VILLAGE, CO 122,952123.0k $5.1m $5.1m 2.14% Added +5.1k +5,062
25 Sterling Manor Financial, LLC 3.09% of their portfolio Saratoga Springs, NY 111,628111.6k $4.6m $4.6m 3.09% Reduced -2.9k -2,898
26 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 90,24290.2k $3.7m $3.7m 0.00% Added +48.3k +48,285
27 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 85,98686.0k $3.6m $3.6m 0.00% Added +67.3k +67,335
28 Van Hulzen Asset Management, LLC 0.25% of their portfolio EL DORADO HILLS, CA 73,22873.2k $3.0m $3.0m 0.25% Added +1.8k +1,816
29 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 71,30971.3k $3.0m $3.0m 0.00% Reduced -93.7k -93,718
30 Farther Finance Advisors, LLC 0.06% of their portfolio SAN FRANCISCO, CA 66,73166.7k $2.8m $2.8m 0.06% Added +32.6k +32,556
31 KESTRA PRIVATE WEALTH SERVICES, LLC 0.03% of their portfolio AUSTIN, TX 55,15255.2k $2.3m $2.3m 0.03% Added +1.3k +1,284
32 AVANTAX ADVISORY SERVICES, INC. 0.01% of their portfolio DALLAS, TX 54,22154.2k $2.2m $2.2m 0.01% Added +11.4k +11,400
33 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 52,60052.6k $2.2m $2.2m 0.00% New
34 Laurel Wealth Planning LLC 1.17% of their portfolio EDINA, MN 49,79849.8k $2.1m $2.1m 1.17% Added +5.2k +5,212
35 OneDigital Investment Advisors LLC 0.02% of their portfolio OVERLAND PARK, KS 48,77848.8k $2.0m $2.0m 0.02% New
36 Golden State Wealth Management, LLC 0.23% of their portfolio SANTA ANA, CA 44,97445.0k $1.9m $1.9m 0.23% New
37 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 44,78944.8k $1.9m $1.9m 0.00% New
38 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 40,85240.9k $1.7m $1.7m 0.00% Added +24.7k +24,737
39 Wealthcare Advisory Partners LLC 0.04% of their portfolio WEST CHESTER, PA 37,06837.1k $1.5m $1.5m 0.04% New
40 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 34,90534.9k $1.4m $1.4m 0.01% Added +10.3k +10,259
41 GREAT VALLEY ADVISOR GROUP, INC. 0.03% of their portfolio WILMINGTON, DE 33,66933.7k $1.4m $1.4m 0.03% Added +15.9k +15,938
42 &PARTNERS 0.01% of their portfolio NASHVILLE, TN 32,34132.3k $1.3m $1.3m 0.01% Added +25.2k +25,214
43 Hilltop Holdings Inc. 0.08% of their portfolio DALLAS, TX 31,68131.7k $1.3m $1.3m 0.08% Reduced -371 -371
44 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 30,35230.4k $1.3m $1.3m 0.00% Reduced -56.3k -56,319
45 Foundations Investment Advisors, LLC 0.02% of their portfolio PHOENIX, AZ 30,27230.3k $1.3m $1.3m 0.02% Added +10.9k +10,860
46 Visionary Wealth Advisors 0.06% of their portfolio O'FALLON, IL 29,94729.9k $1.2m $1.2m 0.06% New
47 Riverbend Wealth Management, LLC 0.85% of their portfolio Myrtle Beach, SC 27,05827.1k $1.1m $1.1m 0.85% Added +430 +430
48 Kuhn & Co Investment Counsel 0.75% of their portfolio Chicago, IL 23,97424.0k $994.2k $994.2k 0.75% Added +11.2k +11,183
49 J.W. COLE ADVISORS, INC. 0.02% of their portfolio TAMPA, FL 22,72522.7k $942.4k $942.4k 0.02% Added +5.7k +5,729
50 INDEPENDENT FINANCIAL GROUP, LLC 0.02% of their portfolio SAN DIEGO, CA 21,26821.3k $882.0k $882.0k 0.02% Reduced -12.9k -12,910
51 Envestnet Portfolio Solutions, Inc. 0.00% of their portfolio BERWYN, PA 20,79520.8k $862.4k $862.4k 0.00% Added +2.7k +2,719
52 Spire Wealth Management 0.03% of their portfolio MCLEAN, VA 20,43820.4k $847.5k $847.5k 0.03% Added +20.4k +20,414
53 Roxbury Financial LLC 0.80% of their portfolio MOUNT ARLINGTON, NJ 19,89419.9k $825.0k $825.0k 0.80% Reduced -1.6k -1,650
54 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 18,61318.6k $771.9k $771.9k 0.00% Added +9.1k +9,128
55 Strategic Blueprint, LLC 0.04% of their portfolio ATLANTA, GA 18,50018.5k $767.2k $767.2k 0.04% New
56 Cedar Point Capital Partners, LLC 0.52% of their portfolio Cedar Rapids, IA 17,88117.9k $741.5k $741.5k 0.52% Reduced -1.3k -1,271
57 Concurrent Investment Advisors, LLC 0.01% of their portfolio Tampa, FL 17,26117.3k $715.8k $715.8k 0.01% Added +2.2k +2,185
58 MONTAG & CALDWELL, LLC 0.15% of their portfolio ATLANTA, GA 16,81916.8k $697.5k $697.5k 0.15% Added +1 +1
59 Chicago Partners Investment Group LLC 0.02% of their portfolio CHICAGO, IL 16,45016.4k $699.8k $699.8k 0.02% Unchanged
60 Global Financial Private Client, LLC 0.25% of their portfolio Sarasota, FL 16,20116.2k $671.9k $671.9k 0.25% New
61 Breakwater Capital Group 0.11% of their portfolio PARAMUS, NJ 16,18216.2k $671.1k $671.1k 0.11% New
62 BG Investment Services, LLC 0.83% of their portfolio HAGATNA, GU 16,05516.1k $665.8k $665.8k 0.83% Reduced -8.1k -8,139
63 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 15,77815.8k $654.3k $654.3k 0.00% Reduced -2.9k -2,891
64 Faithward Advisors, LLC 0.09% of their portfolio LANCASTER, PA 13,99914.0k $580.5k $580.5k 0.09% Added +3.3k +3,278
65 Atria Wealth Solutions, Inc. 0.01% of their portfolio NEW YORK, NY 13,19713.2k $547.3k $547.3k 0.01% Added +20 +20
66 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 12,98013.0k $538.3k $538.3k 0.00% Reduced -39.7k -39,659
67 Diversify Advisory Services, LLC 0.02% of their portfolio SANDY, UT 12,02912.0k $513.5k $513.5k 0.02% Added +877 +877
68 Merit Financial Group, LLC 0.01% of their portfolio ALPHARETTA, GA 11,89811.9k $493.4k $493.4k 0.01% Added +166 +166
69 THOROUGHBRED FINANCIAL SERVICES, LLC 0.03% of their portfolio BRENTWOOD, TN 11,81611.8k $490.0k $490.0k 0.03% Reduced -48 -48
70 SWEENEY & MICHEL, LLC 0.16% of their portfolio CHICO, CA 10,78510.8k $453.3k $453.3k 0.16% Reduced -15 -15
71 RFG Advisory, LLC 0.01% of their portfolio BIRMINGHAM, AL 10,57110.6k $438.4k $438.4k 0.01% Added +1 +1
72 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 9,7389.7k $403.9k $403.9k 0.01% Reduced -1.4k -1,409
73 Mariner, LLC 0.00% of their portfolio Overland Park, KS 9,5839.6k $397.4k $397.4k 0.00% Added +1.2k +1,188
74 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 8,9478.9k $380.3k $380.3k 0.00% Added +1.2k +1,221
75 Diversified Portfolios, Inc. 0.03% of their portfolio Bloomfield Hills, MI 8,5648.6k $355.1k $355.1k 0.03% Reduced -470 -470
76 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 8,3008.3k $344.2k $344.2k 0.00% New
77 SUMMIT WEALTH GROUP LLC / CO 0.09% of their portfolio COLORADO SPRINGS, CO 8,2638.3k $342.7k $342.7k 0.09% First filing
78 SILVER OAK SECURITIES, INCORPORATED 0.03% of their portfolio JACKSON, TN 8,2218.2k $340.9k $340.9k 0.03% Reduced -294 -294
79 Trademark Financial Management, LLC 0.21% of their portfolio Bloomington, MN 8,2068.2k $340.3k $340.3k 0.21% Reduced -41.5k -41,499
80 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.00% of their portfolio IRVING, TX 8,1348.1k $337.3k $337.3k 0.00% Reduced -10 -10
81 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 8,0238.0k $332.7k $332.7k 0.00% Added +7.9k +7,940
82 CoreCap Advisors, LLC 0.01% of their portfolio SOUTHFIELD, MI 7,6967.7k $319.2k $319.2k 0.01% Added +1.0k +1,046
83 Balanced Rock Investment Advisors LLC 0.25% of their portfolio ROSLINDALE, MA 7,6367.6k $316.7k $316.7k 0.25% New
84 Emerald Advisors, LLC 0.04% of their portfolio BELLEVUE, WA 7,2507.2k $300.7k $300.7k 0.04% New
85 CLG LLC 0.09% of their portfolio Long Beach, CA 7,2047.2k $298.7k $298.7k 0.09% Added +298 +298
86 Stratos Investment Management, LLC 0.01% of their portfolio BEACHWOOD, OH 7,1567.2k $296.8k $296.8k 0.01% Reduced -121.5k -121,471
87 PKS Advisory Services, LLC 0.07% of their portfolio ALBANY, NY 7,1197.1k $295.2k $295.2k 0.07% Reduced -254 -254
88 Cullen/Frost Bankers, Inc. 0.00% of their portfolio San Antonio, TX 6,9266.9k $287.2k $287.2k 0.00% Added +689 +689
89 CWM, LLC 0.00% of their portfolio OMAHA, NE 6,8456.8k $284.0k $284.0k 0.00% Added +3.3k +3,326
90 Principle Wealth Partners LLC 0.02% of their portfolio MADISON, CT 6,2006.2k $257.1k $257.1k 0.02% New
91 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 6,1246.1k $254.0k $254.0k 0.00% Added +4.3k +4,314
92 COZAD ASSET MANAGEMENT INC 0.02% of their portfolio CHAMPAIGN, IL 6,0216.0k $249.7k $249.7k 0.02% New
93 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 5,9806.0k $248.0k $248.0k 0.00% Added +1.7k +1,713
94 Focus Financial Network, Inc. 0.01% of their portfolio MINNEAPOLIS, MN 5,9776.0k $247.8k $247.8k 0.01% New
95 New England Private Wealth Advisors LLC 0.03% of their portfolio WELLESLEY, MA 5,6155.6k $236.7k $236.7k 0.03% Added +20 +20
96 BKM Wealth Management, LLC 0.09% of their portfolio BROOKFIELD, WI 5,5875.6k $231.7k $231.7k 0.09% New
97 UBS Group AG 0.00% of their portfolio ZURICH, V8 5,5745.6k $231.2k $231.2k 0.00% Reduced -389 -389
98 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 5,5615.6k $230.6k $230.6k 0.00% Reduced -17 -17
99 Prairie Wealth Advisors, Inc. 0.10% of their portfolio OMAHA, NE 5,4315.4k $225.2k $225.2k 0.10% Added +26 +26
100 UPTICK PARTNERS, LLC 0.06% of their portfolio NACOGDOCHES, TX 5,3585.4k $222.2k $222.2k 0.06% Reduced -607 -607