Vault-13

FIDELITY COVINGTON TRUST FVAL

VLU FACTOR ETF · ETP · CUSIP 316092782

77 institutional holders -12 vs Q4 2022
5,803,0425.8m shares reported held*
$265.5mreported value*
9 new 27 added 32 reduced 17 sold out net bought ≈ $3.7m (+79.5k 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 ≈ $45.75.

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 75Q4 22: 89Q1 23: 7777Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 202275
Q4 202289
Q1 202377

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q4 22: 50 bought or addedQ4 22: 33 cut or sold outQ4 22Q1 23: 36 bought or addedQ1 23: 49 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 20225033
Q1 20233649

Calls vs puts

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

CallsPuts
$0$2.5k$5k$7.5k$10kQ3 22 calls: $0Q3 22 puts: $0Q3 22P/C —Q4 22 calls: $8.8kQ4 22 puts: $4.4kQ4 22P/C 0.50Q1 23 calls: $0Q1 23 puts: $0Q1 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$0$0—
Q4 2022$8.8k$4.4k0.50
Q1 2023$0$0—

Biggest buyers

FMR LLC Added +346,387+346.4k
ENVESTNET ASSET MANAGEMENT INC Added +300,301+300.3k
High Probability Advisors, LLC Added +50,361+50.4k
Orion Portfolio Solutions, LLC Added +49,327+49.3k
BMS Financial Advisors, LLC New +38,109+38.1k
Dynamic Advisor Solutions LLC Added +34,404+34.4k
AE Wealth Management LLC Added +28,803+28.8k
Thrivent Financial for Lutherans Added +25,708+25.7k
PFG Advisors New +21,228+21.2k
Goodwin Investment Advisory Added +17,230+17.2k

Biggest sellers

CFO4Life Group, LLC Sold out -197,611-197.6k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -112,975-113.0k
ALTFEST L J & CO INC Reduced -95,320-95.3k
ROYAL BANK OF CANADA Reduced -85,623-85.6k
VICUS CAPITAL Reduced -77,561-77.6k
WOODARD & CO ASSET MANAGEMENT GROUP INC /ADV Reduced -54,794-54.8k
Kestra Advisory Services, LLC Reduced -52,861-52.9k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -40,963-41.0k
NATIONS FINANCIAL GROUP INC, /IA/ /ADV Sold out -35,089-35.1k
MORGAN STANLEY Reduced -16,902-16.9k

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 859,491859.5k $39.3m $39.3m 0.02% Added +300.3k +300,301
2 OSAIC HOLDINGS, INC. 0.06% of their portfolio SCOTTSDALE, AZ 729,292729.3k $33.4m $33.4m 0.06% Added +8.0k +8,027
3 Goodwin Investment Advisory 16.53% of their portfolio WOODSTOCK, GA 553,756553.8k $25.3m $25.3m 16.53% Added +17.2k +17,230
4 COMMONWEALTH EQUITY SERVICES, LLC 0.05% of their portfolio WALTHAM, MA 520,051520.1k $23.8m $23.8m 0.05% Reduced -113.0k -112,975
5 FMR LLC 0.00% of their portfolio BOSTON, MA 473,036473.0k $21.6m $21.6m 0.00% Added +346.4k +346,387
6 High Probability Advisors, LLC 4.98% of their portfolio Pittsford, NY 466,016466.0k $21.3m $21.3m 4.98% Added +50.4k +50,361
7 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 208,406208.4k $9.5m $9.5m 0.00% Reduced -85.6k -85,623
8 Halpern Financial, Inc. 3.24% of their portfolio ASHBURN, VA 197,034197.0k $9.0m $9.0m 3.24% Reduced -3.5k -3,520
9 Kestra Advisory Services, LLC 0.06% of their portfolio AUSTIN, TX 130,434130.4k $6.0m $6.0m 0.06% Reduced -52.9k -52,861
10 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 114,979115.0k $5.3m $5.3m 0.01% Reduced -2.4k -2,393
11 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 110,231110.2k $5.0m $5.0m 0.00% Added +8.2k +8,188
12 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 100,416100.4k $4.5m $4.5m 0.01% Added +25.7k +25,708
13 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 93,38993.4k $4.3m $4.3m 0.00% Reduced -16.9k -16,902
14 CONDOR CAPITAL MANAGEMENT 0.47% of their portfolio MARTINSVILLE, NJ 81,52781.5k $3.7m $3.7m 0.47% Added +3.1k +3,081
15 KESTRA PRIVATE WEALTH SERVICES, LLC 0.13% of their portfolio AUSTIN, TX 73,43273.4k $3.4m $3.4m 0.13% Reduced -8.2k -8,249
16 Dynamic Advisor Solutions LLC 0.18% of their portfolio PHOENIX, AZ 67,16867.2k $3.1m $3.1m 0.18% Added +34.4k +34,404
17 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 64,81364.8k $3.0m $3.0m 0.01% Reduced -1.1k -1,125
18 Orion Porfolio Solutions, LLC 0.04% of their portfolio OMAHA, NE 63,95864.0k $2.9m $2.9m 0.04% Added +15.6k +15,559
19 Orion Portfolio Solutions, LLC 0.04% of their portfolio Omaha, NE 63,95864.0k $2.9m $2.9m 0.04% Added +49.3k +49,327
20 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 57,51757.5k $2.6m $2.6m 0.00% Reduced -6.2k -6,159
21 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 53,87953.9k $2.5m $2.5m 0.02% Reduced -15.0k -15,032
22 AE Wealth Management LLC 0.02% of their portfolio TOPEKA, KS 53,59953.6k $2.5m $2.5m 0.02% Added +28.8k +28,803
23 ALTFEST L J & CO INC 0.38% of their portfolio NEW YORK, NY 52,93052.9k $2.4m $2.4m 0.38% Reduced -95.3k -95,320
24 Americana Partners, LLC 0.36% of their portfolio Houston, TX 50,37950.4k $2.3m $2.3m 0.36% Unchanged
25 Bouvel Investment Partners, LLC 1.22% of their portfolio PHOENIXVILLE, PA 45,79145.8k $2.1m $2.1m 1.22% Added +946 +946
26 Patriot Financial Group Insurance Agency, LLC 0.39% of their portfolio Westborough, MA 42,14042.1k $1.9m $1.9m 0.39% Added +5.8k +5,845
27 BMS Financial Advisors, LLC 1.21% of their portfolio RAPID CITY, SD 38,10938.1k $1.7m $1.7m 1.21% New
28 Valmark Advisers, Inc. 0.04% of their portfolio AKRON, OH 36,76636.8k $1.7m $1.7m 0.04% Reduced -8.4k -8,377
29 Mutual Advisors, LLC 0.06% of their portfolio OMAHA, NE 33,39333.4k $1.5m $1.5m 0.06% Reduced -2.0k -1,967
30 PRIMORIS WEALTH ADVISORS, LLC 1.68% of their portfolio North Palm Beach, FL 29,83729.8k $1.4m $1.4m 1.68% Unchanged
31 Darwin Wealth Management, LLC 0.33% of their portfolio TAMPA, FL 26,54326.5k $1.2m $1.2m 0.33% Reduced -3.3k -3,344
32 Certified Advisory Corp 0.19% of their portfolio ALTAMONTE SPRINGS, FL 22,90722.9k $1.0m $1.0m 0.19% Reduced -14.7k -14,740
33 VICUS CAPITAL 0.11% of their portfolio STATE COLLEGE, PA 22,60122.6k $1.0m $1.0m 0.11% Reduced -77.6k -77,561
34 PFG Advisors 0.08% of their portfolio Phoenix, AZ 21,22821.2k $971.4k $971.4k 0.08% New
35 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 20,50520.5k $938.0k $938.0k 0.01% Reduced -12.4k -12,380
36 Ameritas Advisory Services, LLC 0.04% of their portfolio Lincoln, NE 15,87215.9k $728.6k $728.6k 0.04% Reduced -2.4k -2,375
37 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 14,01214.0k $641.2k $641.2k 0.00% New
38 Truadvice, LLC 0.25% of their portfolio SARASOTA, FL 13,50713.5k $628.2k $628.2k 0.25% New
39 Allworth Financial LP 0.01% of their portfolio FOLSOM, CA 13,17113.2k $602.7k $602.7k 0.01% Added +29 +29
40 Samalin Investment Counsel, LLC 0.36% of their portfolio CHAPPAQUA, NY 12,93512.9k $591.9k $591.9k 0.36% Reduced -1.7k -1,684
41 Ahrens Investment Partners LLC 0.24% of their portfolio LAFAYETTE, LA 10,67010.7k $488.3k $488.3k 0.24% Reduced -80 -80
42 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 10,33810.3k $473.1k $473.1k 0.00% Added +5 +5
43 Cetera Advisors LLC 0.01% of their portfolio DENVER, CO 10,16110.2k $465.0k $465.0k 0.01% Added +567 +567
44 Cetera Advisor Networks LLC 0.00% of their portfolio EL SEGUNDO, CA 10,11510.1k $462.9k $462.9k 0.00% Added +1.8k +1,790
45 Sunbelt Securities, Inc. 0.07% of their portfolio HOUSTON, TX 9,0929.1k $410.6k $410.6k 0.07% Reduced -192 -192
46 J.W. COLE ADVISORS, INC. 0.03% of their portfolio TAMPA, FL 7,9818.0k $365.2k $365.2k 0.03% Reduced -195 -195
47 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 7,6037.6k $347.9k $347.9k 0.00% Reduced -41.0k -40,963
48 Atria Wealth Solutions, Inc. 0.01% of their portfolio NEW YORK, NY 7,5697.6k $346.3k $346.3k 0.01% Added +84 +84
49 WOODARD & CO ASSET MANAGEMENT GROUP INC /ADV 0.11% of their portfolio BERMUDA RUN, NC 6,6116.6k $302.5k $302.5k 0.11% Reduced -54.8k -54,794
50 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 5,7365.7k $262.5k $262.5k 0.01% Added +160 +160
51 TOWNSQUARE CAPITAL LLC 0.01% of their portfolio Lehi, UT 5,5805.6k $255.3k $255.3k 0.01% New
52 Principle Wealth Partners LLC 0.03% of their portfolio MADISON, CT 5,5455.5k $253.7k $253.7k 0.03% Unchanged
53 CHILDRESS CAPITAL ADVISORS, LLC 0.11% of their portfolio HOUSTON, TX 5,3005.3k $242.5k $242.5k 0.11% Reduced -14.8k -14,813
54 J.P. Morgan Private Wealth Advisors LLC 0.00% of their portfolio SAN FRANCISCO, CA 5,1375.1k $235.1k $235.1k 0.00% Reduced -10 -10
55 AVAII WEALTH MANAGEMENT, LLC 0.20% of their portfolio APPLETON, WI 5,0595.1k $231.5k $231.5k 0.20% Added +179 +179
56 LINCOLN NATIONAL CORP 0.00% of their portfolio RADNOR, PA 4,9945.0k $228.5k $228.5k 0.00% New
57 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 4,9474.9k $226.4k $226.4k 0.00% Reduced -372 -372
58 LANDAAS & CO /WI /ADV 0.10% of their portfolio MILWAUKEE, WI 4,5604.6k $209.0k $209.0k 0.10% New
59 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 4,0094.0k $183.5k $183.5k 0.00% Reduced -1 -1
60 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 3,9874.0k $182.9k $182.9k 0.00% Added +1.8k +1,791
61 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 3,2783.3k $150.0k $150.0k 0.00% Added +99 +99
62 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 3,2633.3k $149.3k $149.3k 0.00% Reduced -100 -100
63 Glen Eagle Advisors, LLC 0.03% of their portfolio KINGSTON, NJ 2,8502.9k $130.4k $130.4k 0.03% Added +303 +303
64 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 2,7652.8k $126.5k $126.5k 0.00% Added +1.2k +1,245
65 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,0542.1k $94.0k $94.0k 0.00% New
66 Richard W. Paul & Associates, LLC 0.04% of their portfolio NOVI, MI 1,9251.9k $88.1k $88.1k 0.04% Added +143 +143
67 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 700700 $32.0k $32.0k 0.00% Unchanged
68 UBS Group AG 0.00% of their portfolio ZURICH, V8 674674 $30.8k $30.8k 0.00% Reduced -3.9k -3,926
69 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 632632 $20.9k $20.9k 0.00% Reduced -1.1k -1,137
70 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 259259 $11.8k $11.8k 0.00% Added +15 +15
71 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 219219 $10.0k $10.0k 0.00% Unchanged
72 ATLAS CAPITAL ADVISORS INC. 0.00% of their portfolio JACKSON, WY 180180 $8.2k $8.2k 0.00% Unchanged
73 CWM, LLC 0.00% of their portfolio OMAHA, NE 106106 $5.0k $5.0k 0.00% Reduced -82 -82
74 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 8080 $3.7k $3.7k 0.00% Unchanged
75 Belpointe Asset Management LLC 0.00% of their portfolio RENO, NV 2020 $915 $915 0.00% Unchanged
76 SOA Wealth Advisors, LLC. 0.00% of their portfolio NEW YORK, NY 1919 $869 $869 0.00% Unchanged
77 WealthPLAN Partners, LLC 0.00% of their portfolio OMAHA, NE 1616 $732 $732 0.00% New