Vault-13

FIDELITY COVINGTON TRUST FVAL

VLU FACTOR ETF · ETP · CUSIP 316092782

83 institutional holders +6 vs Q1 2023
6,037,7276.0m shares reported held*
$300.8mreported value*
11 new 27 added 34 reduced 7 sold out net bought ≈ $12.1m (+231.7k 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 ≈ $49.82. Options: 1 managers hold calls ($9.8k notional), 0 hold puts (—).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 75Q4 22: 89Q1 23: 77Q2 23: 8383Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202275
Q4 202289
Q1 202377
Q2 202383

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 23Q2 23: 38 bought or addedQ2 23: 41 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20225033
Q1 20233649
Q2 20233841

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 —Q2 23 calls: $9.8kQ2 23 puts: $0Q2 23P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2022$0$0—
Q4 2022$8.8k$4.4k0.50
Q1 2023$0$0—
Q2 2023$9.8k$00.00

Biggest buyers

JPMORGAN CHASE & CO Added +676,331+676.3k
Goodwin Investment Advisory Added +112,393+112.4k
Dynamic Advisor Solutions LLC Added +65,474+65.5k
LVZ, Inc. New +53,410+53.4k
CITADEL ADVISORS LLC New +36,020+36.0k
ROYAL BANK OF CANADA Added +27,057+27.1k
High Probability Advisors, LLC Added +24,181+24.2k
Truadvice, LLC Added +15,330+15.3k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +11,458+11.5k
NewEdge Advisors, LLC New +10,767+10.8k

Biggest sellers

ENVESTNET ASSET MANAGEMENT INC Reduced -300,085-300.1k
FMR LLC Reduced -246,196-246.2k
OSAIC HOLDINGS, INC. Reduced -110,326-110.3k
BMS Financial Advisors, LLC Reduced -30,928-30.9k
VICUS CAPITAL Reduced -17,769-17.8k
Americana Partners, LLC Reduced -15,944-15.9k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -15,791-15.8k
KESTRA PRIVATE WEALTH SERVICES, LLC Reduced -14,623-14.6k
GOLDMAN SACHS GROUP INC Sold out -14,012-14.0k
Certified Advisory Corp Reduced -12,614-12.6k

Biggest calls

CITADEL ADVISORS LLC New $9.8k200 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, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 680,318680.3k $33.4m $33.4m 0.00% Added +676.3k +676,331
2 Goodwin Investment Advisory 19.10% of their portfolio WOODSTOCK, GA 666,149666.1k $32.7m $32.7m 19.10% Added +112.4k +112,393
3 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 618,966619.0k $30.4m $30.4m 0.05% Reduced -110.3k -110,326
4 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 559,406559.4k $27.5m $27.5m 0.01% Reduced -300.1k -300,085
5 COMMONWEALTH EQUITY SERVICES, LLC 0.05% of their portfolio WALTHAM, MA 504,260504.3k $24.8m $24.8m 0.05% Reduced -15.8k -15,791
6 High Probability Advisors, LLC 5.17% of their portfolio Pittsford, NY 490,197490.2k $24.1m $24.1m 5.17% Added +24.2k +24,181
7 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 235,463235.5k $11.6m $11.6m 0.00% Added +27.1k +27,057
8 FMR LLC 0.00% of their portfolio BOSTON, MA 226,840226.8k $11.1m $11.1m 0.00% Reduced -246.2k -246,196
9 Halpern Financial, Inc. 3.26% of their portfolio ASHBURN, VA 193,589193.6k $9.5m $9.5m 3.26% Reduced -3.4k -3,445
10 Dynamic Advisor Solutions LLC 0.34% of their portfolio PHOENIX, AZ 132,642132.6k $6.5m $6.5m 0.34% Added +65.5k +65,474
11 Kestra Advisory Services, LLC 0.06% of their portfolio AUSTIN, TX 126,771126.8k $6.2m $6.2m 0.06% Reduced -3.7k -3,663
12 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 115,004115.0k $5.6m $5.6m 0.01% Added +25 +25
13 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 110,320110.3k $5.4m $5.4m 0.00% Added +89 +89
14 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 97,91797.9k $4.8m $4.8m 0.01% Reduced -2.5k -2,499
15 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 91,01991.0k $4.5m $4.5m 0.00% Reduced -2.4k -2,370
16 CONDOR CAPITAL MANAGEMENT 0.49% of their portfolio MARTINSVILLE, NJ 82,61782.6k $4.1m $4.1m 0.49% Added +1.1k +1,090
17 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 60,45760.5k $3.0m $3.0m 0.01% Reduced -4.4k -4,356
18 KESTRA PRIVATE WEALTH SERVICES, LLC 0.10% of their portfolio AUSTIN, TX 58,80958.8k $2.9m $2.9m 0.10% Reduced -14.6k -14,623
19 ALTFEST L J & CO INC 0.43% of their portfolio NEW YORK, NY 57,97658.0k $2.8m $2.8m 0.43% Added +5.0k +5,046
20 Orion Porfolio Solutions, LLC 0.05% of their portfolio OMAHA, NE 57,06357.1k $5.0m $5.0m 0.05% Reduced -6.9k -6,895
21 Orion Portfolio Solutions, LLC 0.05% of their portfolio Omaha, NE 57,06357.1k $5.0m $5.0m 0.05% Reduced -6.9k -6,895
22 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 56,52556.5k $2.8m $2.8m 0.00% Reduced -992 -992
23 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 55,09755.1k $2.7m $2.7m 0.02% Added +1.2k +1,218
24 LVZ, Inc. 0.37% of their portfolio Holland, MI 53,41053.4k $2.6m $2.6m 0.37% New
25 AE Wealth Management LLC 0.01% of their portfolio TOPEKA, KS 49,51749.5k $2.4m $2.4m 0.01% Reduced -4.1k -4,082
26 Bouvel Investment Partners, LLC 1.25% of their portfolio PHOENIXVILLE, PA 46,51546.5k $2.3m $2.3m 1.25% Added +724 +724
27 Patriot Financial Group Insurance Agency, LLC 0.38% of their portfolio Westborough, MA 41,11141.1k $2.0m $2.0m 0.38% Reduced -1.0k -1,029
28 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 36,02036.0k $1.8m $1.8m 0.00% New
29 Americana Partners, LLC 0.22% of their portfolio Houston, TX 34,43534.4k $1.7m $1.7m 0.22% Reduced -15.9k -15,944
30 Mutual Advisors, LLC 0.06% of their portfolio OMAHA, NE 33,43333.4k $1.6m $1.6m 0.06% Added +40 +40
31 Valmark Advisers, Inc. 0.03% of their portfolio AKRON, OH 32,49132.5k $1.6m $1.6m 0.03% Reduced -4.3k -4,275
32 Truadvice, LLC 0.53% of their portfolio SARASOTA, FL 28,83728.8k $1.4m $1.4m 0.53% Added +15.3k +15,330
33 PRIMORIS WEALTH ADVISORS, LLC 1.55% of their portfolio North Palm Beach, FL 28,77728.8k $1.4m $1.4m 1.55% Reduced -1.1k -1,060
34 Darwin Wealth Management, LLC 0.30% of their portfolio TAMPA, FL 23,45923.5k $1.2m $1.2m 0.30% Reduced -3.1k -3,084
35 PFG Advisors 0.09% of their portfolio Phoenix, AZ 23,24523.2k $1.1m $1.1m 0.09% Added +2.0k +2,017
36 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 19,06119.1k $935.9k $935.9k 0.00% Added +11.5k +11,458
37 Atria Wealth Solutions, Inc. 0.01% of their portfolio NEW YORK, NY 16,96317.0k $832.9k $832.9k 0.01% Added +9.4k +9,394
38 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 13,62913.6k $669.0k $669.0k 0.00% Reduced -6.9k -6,876
39 Samalin Investment Counsel, LLC 0.33% of their portfolio CHAPPAQUA, NY 12,46812.5k $612.2k $612.2k 0.33% Reduced -467 -467
40 Cetera Advisor Networks LLC 0.00% of their portfolio EL SEGUNDO, CA 12,44512.4k $611.0k $611.0k 0.00% Added +2.3k +2,330
41 Allworth Financial LP 0.01% of their portfolio FOLSOM, CA 12,34112.3k $605.9k $605.9k 0.01% Reduced -830 -830
42 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 10,76710.8k $528.7k $528.7k 0.01% New
43 Cetera Advisors LLC 0.01% of their portfolio DENVER, CO 10,69610.7k $525.2k $525.2k 0.01% Added +535 +535
44 Certified Advisory Corp 0.09% of their portfolio ALTAMONTE SPRINGS, FL 10,29310.3k $505.4k $505.4k 0.09% Reduced -12.6k -12,614
45 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 9,1019.1k $446.9k $446.9k 0.00% Reduced -1.2k -1,237
46 Sunbelt Securities, Inc. 0.06% of their portfolio HOUSTON, TX 9,0939.1k $446.4k $446.4k 0.06% Added +1 +1
47 Ameritas Advisory Services, LLC 0.06% of their portfolio Lincoln, NE 8,8448.8k $430.2k $430.2k 0.06% Reduced -7.0k -7,028
48 J.W. COLE ADVISORS, INC. 0.03% of their portfolio TAMPA, FL 8,6988.7k $427.1k $427.1k 0.03% Added +717 +717
49 Hoxton Planning & Management, LLC 0.26% of their portfolio SHEPHERDSTOWN, WV 8,6438.6k $424.4k $424.4k 0.26% New
50 BMS Financial Advisors, LLC 0.23% of their portfolio RAPID CITY, SD 7,1817.2k $352.6k $352.6k 0.23% Reduced -30.9k -30,928
51 WOODARD & CO ASSET MANAGEMENT GROUP INC /ADV 0.10% of their portfolio BERMUDA RUN, NC 6,4326.4k $315.8k $315.8k 0.10% Reduced -179 -179
52 Principle Wealth Partners LLC 0.03% of their portfolio MADISON, CT 5,8355.8k $286.5k $286.5k 0.03% Added +290 +290
53 CHILDRESS CAPITAL ADVISORS, LLC 0.11% of their portfolio HOUSTON, TX 5,3005.3k $260.2k $260.2k 0.11% Unchanged
54 FISCHER INVESTMENT STRATEGIES, LLC 0.23% of their portfolio Westlake Village, CA 5,1725.2k $253.9k $253.9k 0.23% First filing
55 J.P. Morgan Private Wealth Advisors LLC 0.00% of their portfolio SAN FRANCISCO, CA 5,1595.2k $253.3k $253.3k 0.00% Added +22 +22
56 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 5,1245.1k $251.6k $251.6k 0.00% First filing
57 AVAII WEALTH MANAGEMENT, LLC 0.19% of their portfolio APPLETON, WI 4,9995.0k $245.5k $245.5k 0.19% Reduced -60 -60
58 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 4,9494.9k $243.0k $243.0k 0.01% Reduced -787 -787
59 VICUS CAPITAL 0.02% of their portfolio STATE COLLEGE, PA 4,8324.8k $237.3k $237.3k 0.02% Reduced -17.8k -17,769
60 LINCOLN NATIONAL CORP 0.00% of their portfolio RADNOR, PA 4,7944.8k $235.4k $235.4k 0.00% Reduced -200 -200
61 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 4,7304.7k $232.2k $232.2k 0.00% Added +721 +721
62 CFO4Life Group, LLC 0.05% of their portfolio COPPELL, TX 4,6054.6k $226.1k $226.1k 0.05% New
63 LANDAAS & CO /WI /ADV 0.10% of their portfolio MILWAUKEE, WI 4,5604.6k $224.0k $224.0k 0.10% Unchanged
64 LJI Wealth Management, LLC 0.06% of their portfolio INDIANAPOLIS, IN 4,2554.3k $208.9k $208.9k 0.06% New
65 Strategic Blueprint, LLC 0.02% of their portfolio ATLANTA, GA 4,1444.1k $203.5k $203.5k 0.02% New
66 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 3,7553.8k $184.4k $184.4k 0.00% Added +477 +477
67 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 3,5243.5k $173.0k $173.0k 0.00% New
68 Glass Jacobson Investment Advisors llc 0.08% of their portfolio OWINGS MILLS, MD 3,3923.4k $166.6k $166.6k 0.08% First filing
69 Glen Eagle Advisors, LLC 0.03% of their portfolio KINGSTON, NJ 2,8502.9k $139.9k $139.9k 0.03% Unchanged
70 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 2,6962.7k $132.4k $132.4k 0.00% Reduced -69 -69
71 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,0542.1k $100.9k $100.9k 0.00% Unchanged
72 GeoWealth Management, LLC 0.01% of their portfolio CHICAGO, IL 1,8141.8k $89.0k $89.0k 0.01% New
73 Richard W. Paul & Associates, LLC 0.04% of their portfolio NOVI, MI 1,8031.8k $88.5k $88.5k 0.04% Reduced -122 -122
74 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 1,4021.4k $88.5k $88.5k 0.00% Reduced -1.9k -1,861
75 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 1,2701.3k $52.2k $52.2k 0.00% Added +638 +638
76 Tradition Wealth Management, LLC 0.00% of their portfolio EDINA, MN 805805 $40.0k $40.0k 0.00% New
77 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 700700 $34.4k $34.4k 0.00% Unchanged
78 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 283283 $13.9k $13.9k 0.00% Added +24 +24
79 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 220220 $10.8k $10.8k 0.00% Added +1 +1
80 ATLAS CAPITAL ADVISORS INC. 0.00% of their portfolio JACKSON, WY 180180 $8.8k $8.8k 0.00% Unchanged
81 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 8080 $3.9k $3.9k 0.00% Unchanged
82 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 5252 $2.6k $2.6k 0.00% New
83 WealthPLAN Partners, LLC 0.00% of their portfolio OMAHA, NE 1616 $786 $786 0.00% Unchanged