Vault-13

FIDELITY COVINGTON TRUST FIDU

MSCI INDL INDX · ETP · CUSIP 316092709

208 institutional holders +8 vs Q3 2025
8,586,4218.6m shares reported held*
$708.0mreported value*
18 new 76 added 57 reduced 15 sold out net bought ≈ $47.9m (+581.3k 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 ($2.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $82.45. Options: 1 managers hold calls ($313.4k notional), 0 hold puts (—).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 109Q4 22: 122Q1 23: 125Q2 23: 129Q3 23: 134Q4 23: 144Q1 24: 143Q2 24: 152Q3 24: 160Q4 24: 182Q1 25: 179Q2 25: 193Q3 25: 200Q4 25: 208208Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022109
Q4 2022122
Q1 2023125
Q2 2023129
Q3 2023134
Q4 2023144
Q1 2024143
Q2 2024152
Q3 2024160
Q4 2024182
Q1 2025179
Q2 2025193
Q3 2025200
Q4 2025208

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q1 24: 66 bought or addedQ1 24: 55 cut or sold outQ2 24: 71 bought or addedQ2 24: 54 cut or sold outQ2 24Q3 24: 79 bought or addedQ3 24: 51 cut or sold outQ4 24: 92 bought or addedQ4 24: 57 cut or sold outQ4 24Q1 25: 96 bought or addedQ1 25: 73 cut or sold outQ2 25: 97 bought or addedQ2 25: 73 cut or sold outQ2 25Q3 25: 101 bought or addedQ3 25: 61 cut or sold outQ4 25: 94 bought or addedQ4 25: 72 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20246655
Q2 20247154
Q3 20247951
Q4 20249257
Q1 20259673
Q2 20259773
Q3 202510161
Q4 20259472

Calls vs puts

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

CallsPuts
$0$100k$200k$300k$400kQ1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $204.8kQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $313.4kQ4 25 puts: $0Q4 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q1 2025$0$0—
Q2 2025$0$0—
Q3 2025$204.8k$00.00
Q4 2025$313.4k$00.00

Biggest buyers

AGF MANAGEMENT LTD Added +354,810+354.8k
AE Wealth Management LLC Added +255,717+255.7k
Bellwether Advisors, LLC New +192,749+192.7k
Lifeworks Advisors, LLC Added +48,789+48.8k
Mach-1 Financial Group, LLC New +26,961+27.0k
JANE STREET GROUP, LLC New +15,426+15.4k
Thrivent Financial for Lutherans Added +14,025+14.0k
BANK OF AMERICA CORP /DE/ Added +13,711+13.7k
Advisory Services Network, LLC Added +9,311+9.3k
WELLS FARGO & COMPANY/MN Added +8,881+8.9k

Biggest sellers

Sanctuary Advisors, LLC Reduced -158,387-158.4k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Reduced -73,419-73.4k
LPL Financial LLC Reduced -30,832-30.8k
NewEdge Advisors, LLC Reduced -25,729-25.7k
Buska Wealth Management, LLC Reduced -22,992-23.0k
MERCER GLOBAL ADVISORS INC /ADV Reduced -22,792-22.8k
NorthCoast Asset Management LLC Reduced -10,847-10.8k
HighTower Advisors, LLC Reduced -8,672-8.7k
VCI Wealth Management LLC Reduced -8,292-8.3k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -8,284-8.3k

Biggest calls

CITADEL ADVISORS LLC New $313.4k3.8k 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 0.56% of their portfolio Los Angeles, CA 1,738,3861.7m $142.5m $142.5m 0.56% Added +1.8k +1,801
2 AE Wealth Management LLC 0.62% of their portfolio TOPEKA, KS 1,307,5161.3m $107.8m $107.8m 0.62% Added +255.7k +255,717
3 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.04% of their portfolio MILWAUKEE, WI 837,055837.1k $69.0m $69.0m 0.04% Reduced -73.4k -73,419
4 AGF MANAGEMENT LTD 0.18% of their portfolio TORONTO, A6 499,003499.0k $41.2m $41.2m 0.18% Added +354.8k +354,810
5 COMMONWEALTH EQUITY SERVICES, LLC 0.04% of their portfolio WALTHAM, MA 396,655396.7k $32.7m $32.7m 0.04% Reduced -8.3k -8,284
6 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 220,278220.3k $18.2m $18.2m 0.00% Reduced -30.8k -30,832
7 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 209,071209.1k $17.2m $17.2m 0.00% Reduced -2.9k -2,888
8 Bellwether Advisors, LLC 2.54% of their portfolio LINCOLN, NE 192,749192.7k $15.9m $15.9m 2.54% New
9 Sanctuary Advisors, LLC 0.08% of their portfolio INDIANAPOLIS, IN 173,919173.9k $14.3m $14.3m 0.08% Reduced -158.4k -158,387
10 MERCER GLOBAL ADVISORS INC /ADV 0.02% of their portfolio DENVER, CO 138,540138.5k $11.4m $11.4m 0.02% Reduced -22.8k -22,792
11 Independence Financial Advisors, LLC 3.10% of their portfolio FRANKLIN, NH 136,703136.7k $11.3m $11.3m 3.10% Added +4.0k +3,976
12 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 131,134131.1k $10.8m $10.8m 0.00% Added +8.9k +8,881
13 NorthCoast Asset Management LLC 0.24% of their portfolio STAMFORD, CT 129,994130.0k $10.7m $10.7m 0.24% Reduced -10.8k -10,847
14 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 125,315125.3k $10.3m $10.3m 0.00% Added +13.7k +13,711
15 Lifeworks Advisors, LLC 1.20% of their portfolio GRAND RAPIDS, MI 111,918111.9k $9.2m $9.2m 1.20% Added +48.8k +48,789
16 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 103,159103.2k $8.5m $8.5m 0.02% Added +14.0k +14,025
17 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 96,93396.9k $8.0m $8.0m 0.00% Added +2.6k +2,649
18 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 96,87096.9k $8.0m $8.0m 0.00% Reduced -984 -984
19 NewEdge Advisors, LLC 0.03% of their portfolio NEW ORLEANS, LA 86,71986.7k $7.2m $7.2m 0.03% Reduced -25.7k -25,729
20 Kestra Advisory Services, LLC 0.03% of their portfolio AUSTIN, TX 85,17185.2k $7.0m $7.0m 0.03% Added +7.8k +7,781
21 Yoder Wealth Management, Inc. 2.80% of their portfolio WALNUT CREEK, CA 74,63474.6k $6.2m $6.2m 2.80% Added +2.6k +2,578
22 FMR LLC 0.00% of their portfolio BOSTON, MA 73,24373.2k $6.0m $6.0m 0.00% Added +2.0k +1,956
23 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 71,07071.1k $5.9m $5.9m 0.01% Added +2.1k +2,059
24 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 63,79963.8k $5.3m $5.3m 0.01% Added +3.2k +3,212
25 Traynor Capital Management, Inc. 0.28% of their portfolio MALVERN, PA 61,34061.3k $5.1m $5.1m 0.28% Added +439 +439
26 Fischer Financial Services, Inc. 1.29% of their portfolio HARRISBURG, PA 59,11359.1k $4.9m $4.9m 1.29% Added +1.8k +1,753
27 Buska Wealth Management, LLC 1.74% of their portfolio WAUSAU, WI 57,02357.0k $4.7m $4.7m 1.74% Reduced -23.0k -22,992
28 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 46,42346.4k $3.8m $3.8m 0.00% Added +4.2k +4,250
29 IHT Wealth Management, LLC 0.09% of their portfolio Chicago, IL 43,94543.9k $3.6m $3.6m 0.09% Added +732 +732
30 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 40,10840.1k $3.3m $3.3m 0.00% Added +5.2k +5,233
31 ATLAS CAPITAL ADVISORS INC. 0.33% of their portfolio JACKSON, WY 36,12836.1k $3.0m $3.0m 0.33% First filing
32 PENOBSCOT WEALTH MANAGEMENT 0.90% of their portfolio PORTLAND, ME 35,40635.4k $2.9m $2.9m 0.90% Added +787 +787
33 U.S. Capital Wealth Advisors, LLC 0.07% of their portfolio AUSTIN, TX 34,16534.2k $2.8m $2.8m 0.07% Added +1.3k +1,265
34 KESTRA PRIVATE WEALTH SERVICES, LLC 0.03% of their portfolio AUSTIN, TX 33,70433.7k $2.8m $2.8m 0.03% Reduced -661 -661
35 Arkadios Wealth Advisors 0.05% of their portfolio ATLANTA, GA 31,00431.0k $2.6m $2.6m 0.05% Reduced -351 -351
36 Smith Salley Wealth Management 0.13% of their portfolio GREENSBORO, NC 30,64330.6k $2.5m $2.5m 0.13% Reduced -36 -36
37 Elevated Capital Advisors, LLC 0.55% of their portfolio SANDY, UT 28,82328.8k $2.4m $2.4m 0.55% Added +6.2k +6,212
38 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 28,69628.7k $2.4m $2.4m 0.00% Reduced -4.6k -4,587
39 EPG Wealth Management LLC 0.64% of their portfolio ATLANTA, GA 28,61428.6k $2.4m $2.4m 0.64% Reduced -247 -247
40 Mach-1 Financial Group, LLC 0.46% of their portfolio Rogers, AR 26,96127.0k $2.2m $2.2m 0.46% New
41 LYNCH & ASSOCIATES/IN 0.41% of their portfolio EVANSVILLE, IN 26,45526.5k $2.2m $2.2m 0.41% Reduced -271 -271
42 KDK Private Wealth Management, LLC 1.89% of their portfolio Houston, TX 26,21726.2k $2.2m $2.2m 1.89% Reduced -212 -212
43 Sunbelt Securities, Inc. 0.11% of their portfolio HOUSTON, TX 19,87019.9k $1.6m $1.6m 0.11% Added +3.5k +3,537
44 Fifth Third Securities, Inc. 0.11% of their portfolio Cincinnati, OH 19,78419.8k $1.6m $1.6m 0.11% Reduced -3.3k -3,349
45 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.01% of their portfolio Stamford, CT 19,20119.2k $1.6m $1.6m 0.01% Reduced -687 -687
46 Maxele Advisors, LLC 1.25% of their portfolio WEBSTER GROVES, MO 18,60818.6k $1.5m $1.5m 1.25% Added +325 +325
47 Advisory Services Network, LLC 0.02% of their portfolio ATLANTA, GA 18,47818.5k $1.5m $1.5m 0.02% Added +9.3k +9,311
48 Mariner, LLC 0.00% of their portfolio Overland Park, KS 18,36818.4k $1.5m $1.5m 0.00% Added +1.9k +1,851
49 Beaumont Financial Advisors, LLC 0.10% of their portfolio NEEDHAM, MA 18,05418.1k $1.5m $1.5m 0.10% Reduced -42 -42
50 GREAT VALLEY ADVISOR GROUP, INC. 0.03% of their portfolio WILMINGTON, DE 17,85317.9k $1.5m $1.5m 0.03% Reduced -1.0k -1,000
51 Mutual Advisors, LLC 0.03% of their portfolio OMAHA, NE 17,20517.2k $1.4m $1.4m 0.03% Reduced -652 -652
52 Trail Ridge Investment Advisors, LLC 0.61% of their portfolio FORT COLLINS, CO 17,17517.2k $1.4m $1.4m 0.61% Added +1.8k +1,819
53 Stonebridge Financial Planning Group, LLC 0.50% of their portfolio ORLANDO, FL 16,64816.6k $1.4m $1.4m 0.50% Reduced -300 -300
54 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 16,50616.5k $1.4m $1.4m 0.00% Reduced -3.6k -3,629
55 Essex Financial Services, Inc. 0.08% of their portfolio ESSEX, CT 16,29116.3k $1.3m $1.3m 0.08% Added +1.7k +1,743
56 TRUST CO OF OKLAHOMA 0.39% of their portfolio TULSA, OK 16,03316.0k $1.3m $1.3m 0.39% Added +492 +492
57 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 15,42615.4k $1.3m $1.3m 0.00% New
58 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 15,28315.3k $1.3m $1.3m 0.00% Added +66 +66
59 SMITH SHELLNUT WILSON LLC /ADV 0.48% of their portfolio Ridgeland, MS 15,03415.0k $1.2m $1.2m 0.48% Added +1.6k +1,637
60 Modern Wealth Management, LLC 0.02% of their portfolio KANSAS CITY, MO 14,77514.8k $1.2m $1.2m 0.02% Reduced -6.6k -6,603
61 TOUNJIAN ADVISORY PARTNERS, LLC 0.41% of their portfolio FORT MYERS, FL 14,58014.6k $1.2m $1.2m 0.41% Reduced -534 -534
62 Roxbury Financial LLC 1.07% of their portfolio MOUNT ARLINGTON, NJ 14,45814.5k $1.2m $1.2m 1.07% Reduced -42 -42
63 AMERICAN NATIONAL BANK & TRUST 0.11% of their portfolio WICHITA FALLS, TX 14,43314.4k $1.2m $1.2m 0.11% Added +3.0k +3,019
64 LEVEL FOUR ADVISORY SERVICES, LLC 0.04% of their portfolio DALLAS, TX 14,21414.2k $1.2m $1.2m 0.04% Unchanged
65 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 14,17614.2k $1.2m $1.2m 0.00% Added +3.4k +3,360
66 Snowden Capital Advisors LLC 0.03% of their portfolio New York, NY 13,95414.0k $1.2m $1.2m 0.03% Reduced -1.1k -1,098
67 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 12,83412.8k $1.1m $1.1m 0.00% Added +18 +18
68 Meridian Wealth Management, LLC 0.04% of their portfolio LEXINGTON, KY 12,77712.8k $1.1m $1.1m 0.04% Added +605 +605
69 MONTAG A & ASSOCIATES INC 0.05% of their portfolio ATLANTA, GA 12,22312.2k $1.0m $1.0m 0.05% Reduced -1.3k -1,349
70 Heck Capital Advisors, LLC 0.07% of their portfolio Rhinelander, WI 12,07912.1k $996.3k $996.3k 0.07% Reduced -146 -146
71 Jacobs Equity LLC 0.95% of their portfolio DRAPER, UT 11,99112.0k $989.0k $989.0k 0.95% First filing
72 MGO ONE SEVEN LLC 0.02% of their portfolio Beachwood, OH 10,78510.8k $889.5k $889.5k 0.02% Added +8 +8
73 Armor Investment Advisors, LLC 0.33% of their portfolio RALEIGH, NC 10,72210.7k $884.4k $884.4k 0.33% Reduced -2.1k -2,106
74 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 10,65610.7k $878.9k $878.9k 0.00% Reduced -4.6k -4,607
75 BLUE JEAN FINANCIAL LLC 0.67% of their portfolio ALBANY, NY 9,96510.0k $821.9k $821.9k 0.67% First filing
76 VCI Wealth Management LLC 0.22% of their portfolio ST LOUIS, MO 9,7989.8k $808.1k $808.1k 0.22% Reduced -8.3k -8,292
77 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 9,6789.7k $798.3k $798.3k 0.00% Added +333 +333
78 Q3 Asset Management 0.17% of their portfolio BIRMINGHAM, MI 9,1319.1k $753.0k $753.0k 0.17% Added +3.5k +3,480
79 Bayshore Capital Advisors, LLC 0.36% of their portfolio TAMPA, FL 8,8438.8k $729.4k $729.4k 0.36% First filing
80 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 8,7548.8k $722.0k $722.0k 0.00% Reduced -8.7k -8,672
81 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 8,3918.4k $692.1k $692.1k 0.00% Added +1 +1
82 SCS Capital Management LLC 0.01% of their portfolio BOSTON, MA 7,9558.0k $656.1k $656.1k 0.01% Unchanged
83 Robertson Stephens Wealth Management, LLC 0.02% of their portfolio San Francisco, CA 7,6437.6k $630.4k $630.4k 0.02% New
84 CENTAURUS FINANCIAL, INC. 0.03% of their portfolio ANAHEIM, CA 7,3917.4k $610.0k $610.0k 0.03% Added +1.1k +1,066
85 Orion Porfolio Solutions, LLC 0.00% of their portfolio OMAHA, NE 6,7086.7k $553.3k $553.3k 0.00% Reduced -99 -99
86 Continuum Advisory, LLC 0.05% of their portfolio EAGLE, ID 6,3116.3k $520.5k $520.5k 0.05% Reduced -1.8k -1,763
87 Summit Financial, LLC 0.01% of their portfolio PARSIPPANY, NJ 6,0836.1k $501.7k $501.7k 0.01% Added +94 +94
88 Maltin Wealth Management, Inc. 0.20% of their portfolio RIDGEWOOD, NJ 6,0136.0k $495.9k $495.9k 0.20% Reduced -1.3k -1,287
89 SCHMIDT P J INVESTMENT MANAGEMENT INC 0.08% of their portfolio CEDARBURG, WI 5,9395.9k $489.8k $489.8k 0.08% Reduced -57 -57
90 WHALEROCK POINT PARTNERS, LLC 0.09% of their portfolio West Palm Beach, FL 5,8905.9k $485.8k $485.8k 0.09% Unchanged
91 Centennial Wealth Advisory LLC 0.12% of their portfolio Traverse City, MI 5,7295.7k $472.5k $472.5k 0.12% Added +322 +322
92 Ameritas Advisory Services, LLC 0.02% of their portfolio Lincoln, NE 5,6835.7k $468.7k $468.7k 0.02% Added +4.8k +4,779
93 Valley Brook Capital Group, Inc. 0.30% of their portfolio Venetia, PA 5,4285.4k $447.7k $447.7k 0.30% Reduced -160 -160
94 PUREfi Wealth, LLC 0.34% of their portfolio BOSTON, MA 5,3955.4k $445.0k $445.0k 0.34% Unchanged
95 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 5,1365.1k $423.6k $423.6k 0.00% Added +2.9k +2,886
96 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 5,1295.1k $423.0k $423.0k 0.00% Added +719 +719
97 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 5,0165.0k $413.7k $413.7k 0.00% Unchanged
98 PKS Advisory Services, LLC 0.09% of their portfolio ALBANY, NY 4,9815.0k $410.8k $410.8k 0.09% Reduced -40 -40
99 One Wealth Management Investment & Advisory Services, LLC 0.44% of their portfolio BOCA RATON, FL 4,9234.9k $406.0k $406.0k 0.44% Reduced -28 -28
100 Retirement Planning Group, LLC 0.01% of their portfolio LEAWOOD, KS 4,8104.8k $396.7k $396.7k 0.01% Added +13 +13