Vault-13

FIDELITY COVINGTON TRUST FDEM

EMERG MKTS MLTFT · ETP · CUSIP 316092543

83 institutional holders +5 vs Q1 2026
9,275,9109.3m shares reported held*
$336.6mreported value*
12 new 31 added 28 reduced 6 sold out net bought ≈ $70.4m (+1.9m 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 ($9.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $36.28.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 10Q4 22: 12Q1 23: 12Q2 23: 13Q3 23: 13Q4 23: 19Q1 24: 17Q2 24: 25Q3 24: 30Q4 24: 41Q1 25: 39Q2 25: 49Q3 25: 52Q4 25: 72Q1 26: 78Q2 26: 8383Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202210
Q4 202212
Q1 202312
Q2 202313
Q3 202313
Q4 202319
Q1 202417
Q2 202425
Q3 202430
Q4 202441
Q1 202539
Q2 202549
Q3 202552
Q4 202572
Q1 202678
Q2 202683

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 24: 22 bought or addedQ3 24: 9 cut or sold outQ4 24: 29 bought or addedQ4 24: 4 cut or sold outQ4 24Q1 25: 27 bought or addedQ1 25: 12 cut or sold outQ2 25: 32 bought or addedQ2 25: 15 cut or sold outQ2 25Q3 25: 37 bought or addedQ3 25: 13 cut or sold outQ4 25: 50 bought or addedQ4 25: 17 cut or sold outQ4 25Q1 26: 54 bought or addedQ1 26: 25 cut or sold outQ2 26: 43 bought or addedQ2 26: 34 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024229
Q4 2024294
Q1 20252712
Q2 20253215
Q3 20253713
Q4 20255017
Q1 20265425
Q2 20264334

Biggest buyers

McAdam, LLC Added +1,412,776+1.4m
Storgate, LLC Added +487,181+487.2k
OSAIC HOLDINGS, INC. Added +250,908+250.9k
Landing Point Financial Group, LLC New +198,585+198.6k
Cambridge Investment Research Advisors, Inc. Added +94,880+94.9k
Vise Technologies, Inc. New +76,736+76.7k
NewEdge Advisors, LLC Added +60,733+60.7k
Advyzon Investment Management, LLC Added +49,233+49.2k
PRINCIPAL SECURITIES, INC. Added +40,425+40.4k
New Insight Wealth Advisors Added +27,042+27.0k

Biggest sellers

JANE STREET GROUP, LLC Reduced -499,657-499.7k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -108,445-108.4k
Wayfinding Financial, LLC Reduced -95,284-95.3k
OLD MISSION CAPITAL LLC Reduced -72,497-72.5k
RFG Advisory, LLC Sold out -49,385-49.4k
CITADEL ADVISORS LLC Reduced -37,398-37.4k
HRT FINANCIAL LP Sold out -19,905-19.9k
Forthright Family Wealth Advisory LLC Sold out -18,164-18.2k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -16,990-17.0k
Arkadios Wealth Advisors Reduced -12,004-12.0k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 McAdam, LLC 3.15% of their portfolio Philadelphia, PA 2,247,2212.2m $81.6m $81.6m 3.15% Added +1.4m +1,412,776
2 COMMONWEALTH EQUITY SERVICES, LLC 0.04% of their portfolio WALTHAM, MA 899,844899.8k $32.7m $32.7m 0.04% Reduced -108.4k -108,445
3 Storgate, LLC 6.09% of their portfolio DALLAS, TX 808,490808.5k $29.4m $29.4m 6.09% Added +487.2k +487,181
4 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 553,434553.4k $20.1m $20.1m 0.01% Reduced -6.3k -6,256
5 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 470,581470.6k $17.1m $17.1m 0.02% Added +250.9k +250,908
6 MAI Capital Management 0.04% of their portfolio INDEPENDENCE, OH 284,114284.1k $10.3m $10.3m 0.04% Added +10.3k +10,318
7 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 263,929263.9k $9.6m $9.6m 0.01% Reduced -37.4k -37,398
8 Salus Financial Advisors, LLC 4.72% of their portfolio COLORADO SPRINGS, CO 263,360263.4k $9.6m $9.6m 4.72% Added +6.4k +6,387
9 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 261,869261.9k $9.5m $9.5m 0.00% Added +23.3k +23,255
10 Clarity Retirement & Wealth, LLC 6.39% of their portfolio NEW BEDFORD, MA 254,398254.4k $9.2m $9.2m 6.39% Added +9.5k +9,463
11 Advyzon Investment Management, LLC 0.67% of their portfolio LISLE, IL 253,436253.4k $9.2m $9.2m 0.67% Added +49.2k +49,233
12 Kestra Advisory Services, LLC 0.03% of their portfolio AUSTIN, TX 227,161227.2k $8.3m $8.3m 0.03% Added +19.4k +19,415
13 Landing Point Financial Group, LLC 2.45% of their portfolio AVON, OH 198,585198.6k $7.2m $7.2m 2.45% New
14 Arkadios Wealth Advisors 0.11% of their portfolio ATLANTA, GA 195,868195.9k $7.1m $7.1m 0.11% Reduced -12.0k -12,004
15 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 187,182187.2k $6.8m $6.8m 0.01% Added +94.9k +94,880
16 Mayfair Advisory Group, LLC 1.73% of their portfolio BIRMINGHAM, AL 167,150167.2k $5.7m $5.7m 1.73% Added +21.5k +21,484
17 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 164,059164.1k $6.0m $6.0m 0.01% Reduced -9.6k -9,566
18 Smartleaf Asset Management LLC 0.19% of their portfolio BOSTON, MA 160,405160.4k $5.8m $5.8m 0.19% Unchanged
19 NewEdge Advisors, LLC 0.02% of their portfolio NEW ORLEANS, LA 143,837143.8k $5.2m $5.2m 0.02% Added +60.7k +60,733
20 PRINCIPAL SECURITIES, INC. 0.06% of their portfolio DES MOINES, IA 131,560131.6k $4.8m $4.8m 0.06% Added +40.4k +40,425
21 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 115,522115.5k $4.2m $4.2m 0.01% Added +19.0k +19,040
22 New Insight Wealth Advisors 1.06% of their portfolio SAN RAMON, CA 98,84298.8k $3.6m $3.6m 1.06% Added +27.0k +27,042
23 S Harris Financial Group, LLC 2.46% of their portfolio SAN ANTONIO, TX 87,52987.5k $3.2m $3.2m 2.46% Reduced -457 -457
24 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 83,47983.5k $3.0m $3.0m 0.00% Reduced -11.6k -11,574
25 Vise Technologies, Inc. 0.03% of their portfolio NEW YORK, NY 76,73676.7k $2.8m $2.8m 0.03% New
26 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 65,98866.0k $2.4m $2.4m 0.00% Reduced -499.7k -499,657
27 REDW Wealth LLC 0.84% of their portfolio ALBUQUERQUE, NM 64,65364.7k $2.3m $2.3m 0.84% Added +9.1k +9,141
28 Payne Capital LLC 1.95% of their portfolio LAKE OSWEGO, OR 64,36164.4k $2.3m $2.3m 1.95% Unchanged
29 OLD MISSION CAPITAL LLC 0.06% of their portfolio CHICAGO, IL 59,73659.7k $2.2m $2.2m 0.06% Reduced -72.5k -72,497
30 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 59,71059.7k $2.2m $2.2m 0.00% Reduced -2.5k -2,461
31 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 58,08958.1k $2.1m $2.1m 0.00% Added +11.2k +11,233
32 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 58,01058.0k $2.1m $2.1m 0.00% Added +12.6k +12,609
33 SMITH, MOORE & CO. 0.08% of their portfolio CLAYTON, MO 34,95435.0k $1.3m $1.3m 0.08% Added +2.8k +2,829
34 Farther Finance Advisors, LLC 0.01% of their portfolio SAN FRANCISCO, CA 32,96933.0k $1.2m $1.2m 0.01% Reduced -474 -474
35 Cassilly Financial Group LLC 0.81% of their portfolio SEVERNA PARK, MD 30,70530.7k $1.1m $1.1m 0.81% Added +5.9k +5,851
36 Investmark Advisory Group LLC 0.41% of their portfolio Shelton, CT 29,66729.7k $1.1m $1.1m 0.41% Added +1.6k +1,650
37 BG Investment Services, LLC 0.76% of their portfolio HAGATNA, GU 29,23529.2k $1.1m $1.1m 0.76% Added +4.7k +4,710
38 Stratos Wealth Advisors, LLC 0.06% of their portfolio BEACHWOOD, OH 28,89928.9k $1.0m $1.0m 0.06% Reduced -1.6k -1,585
39 Merit Financial Group, LLC 0.01% of their portfolio ALPHARETTA, GA 24,88324.9k $904.0k $904.0k 0.01% Added +847 +847
40 IFP Advisors, Inc 0.02% of their portfolio TAMPA, FL 23,94523.9k $869.9k $869.9k 0.02% Added +138 +138
41 FMR LLC 0.00% of their portfolio BOSTON, MA 23,88623.9k $867.8k $867.8k 0.00% Added +5.5k +5,477
42 Ashton Thomas Private Wealth, LLC 0.02% of their portfolio SCOTTSDALE, AZ 22,37622.4k $812.9k $812.9k 0.02% Reduced -185 -185
43 Arax Advisory Partners 0.01% of their portfolio NEW YORK, NY 21,81121.8k $792.4k $792.4k 0.01% Added +11.6k +11,625
44 Waverly Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 15,89315.9k $577.4k $577.4k 0.00% Unchanged
45 DAHRING | CUSMANO LLC 0.29% of their portfolio NOVI, MI 15,27515.3k $555.0k $555.0k 0.29% Reduced -438 -438
46 Whipplewood Advisors, LLC 0.33% of their portfolio LITTLETON, CO 13,67413.7k $496.8k $496.8k 0.33% Reduced -716 -716
47 Archer Investment Management, LLC 0.16% of their portfolio AUSTIN, TX 13,23313.2k $480.8k $480.8k 0.16% Reduced -431 -431
48 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 12,81612.8k $465.6k $465.6k 0.00% New
49 Cyndeo Wealth Partners, LLC 0.02% of their portfolio ST. PETERSBURG, FL 11,41411.4k $414.7k $414.7k 0.02% Reduced -3 -3
50 Tanager Wealth Management LLP 0.03% of their portfolio Goring On Thames, X0 10,73410.7k $390.0k $390.0k 0.03% Unchanged
51 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 10,41510.4k $378.4k $378.4k 0.00% Reduced -7.1k -7,096
52 SCHMIDT P J INVESTMENT MANAGEMENT INC 0.06% of their portfolio CEDARBURG, WI 10,27210.3k $373.2k $373.2k 0.06% Reduced -90 -90
53 Wayfinding Financial, LLC 0.13% of their portfolio LYNNWOOD, WA 9,5739.6k $347.0k $347.0k 0.13% Reduced -95.3k -95,284
54 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 8,8378.8k $321.0k $321.0k 0.00% Added +2.0k +2,049
55 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 8,0368.0k $291.9k $291.9k 0.00% Reduced -488 -488
56 Odyssey Group, LLC 0.07% of their portfolio LANCASTER, PA 7,3837.4k $268.2k $268.2k 0.07% First filing
57 Intergy Private Wealth, LLC 0.06% of their portfolio COLORADO SPRINGS, CO 7,1047.1k $258.1k $258.1k 0.06% Unchanged
58 Savvy Advisors, Inc. 0.01% of their portfolio NEW YORK, NY 6,9496.9k $252.4k $252.4k 0.01% Reduced -254 -254
59 GTS SECURITIES LLC 0.00% of their portfolio NEW YORK, NY 6,5096.5k $236.5k $236.5k 0.00% New
60 Prime Capital Investment Advisors, LLC 0.00% of their portfolio OVERLAND PARK, KS 6,2356.2k $226.5k $226.5k 0.00% New
61 NWAM LLC 0.01% of their portfolio MERCER ISLAND, WA 5,8885.9k $213.9k $213.9k 0.01% New
62 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 3,8513.9k $139.9k $139.9k 0.00% Added +877 +877
63 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 3,5013.5k $127.2k $127.2k 0.00% Reduced -416 -416
64 CONSULTIVA WEALTH MANAGEMENT, CORP. 0.21% of their portfolio SAN JUAN, PR 2,5352.5k $92.1k $92.1k 0.21% Added +1.3k +1,305
65 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 1,6101.6k $58.5k $58.5k 0.00% Unchanged
66 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 838838 $30.4k $30.4k 0.00% Reduced -1 -1
67 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 757757 $27.5k $27.5k 0.00% Added +8 +8
68 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio Stamford, CT 676676 $24.6k $24.6k 0.00% Added +440 +440
69 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 560560 $20.3k $20.3k 0.00% Reduced -376 -376
70 FIDUCIARY FINANCIAL ADVISORS 0.00% of their portfolio GRAND RAPIDS, MI 497497 $18.1k $18.1k 0.00% New
71 Glass Jacobson Investment Advisors llc 0.00% of their portfolio OWINGS MILLS, MD 403403 $14.7k $14.7k 0.00% Unchanged
72 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 353353 $12.8k $12.8k 0.00% Reduced -13 -13
73 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 330330 $12.0k $12.0k 0.00% Unchanged
74 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 310310 $11.1k $11.1k 0.00% New
75 VANGUARD ADVISERS INC 0.00% of their portfolio Malvern, PA 212212 $7.7k $7.7k 0.00% Unchanged
76 LifeSteps Financial, Inc. 0.00% of their portfolio CLAREMONT, CA 9292 $3.3k $3.3k 0.00% New
77 HOWE & RUSLING INC 0.00% of their portfolio ROCHESTER, NY 5252 $1.9k $1.9k 0.00% Unchanged
78 Private Wealth Asset Management, LLC 0.00% of their portfolio OMAHA, NE 4747 $1.7k $1.7k 0.00% New
79 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1212 $0 $0 0.00% New
80 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 22 $75 $75 0.00% New
81 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 00 $7 $7 0.00% Reduced -1.0k -1,040
82 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 00 $2 $2 0.00% Unchanged
83 Abound Wealth Management 0.00% of their portfolio FRANKLIN, TN 00 $5 $5 0.00% Reduced -1 -1