Vault-13

FIDELITY COVINGTON TRUST FQAL

QLTY FCTOR ETF · ETP · CUSIP 316092790

127 institutional holders +16 vs Q1 2025
12,057,92512.1m shares reported held*
$839.2mreported value*
24 new 48 added 38 reduced 9 sold out net sold ≈ $81.7m (-1.2m 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 ($275.9k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $69.60.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 56Q4 22: 64Q1 23: 64Q2 23: 69Q3 23: 73Q4 23: 75Q1 24: 80Q2 24: 94Q3 24: 97Q4 24: 109Q1 25: 111Q2 25: 127127Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202256
Q4 202264
Q1 202364
Q2 202369
Q3 202373
Q4 202375
Q1 202480
Q2 202494
Q3 202497
Q4 2024109
Q1 2025111
Q2 2025127

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 36 bought or addedQ3 23: 30 cut or sold outQ4 23: 39 bought or addedQ4 23: 31 cut or sold outQ4 23Q1 24: 40 bought or addedQ1 24: 35 cut or sold outQ2 24: 54 bought or addedQ2 24: 32 cut or sold outQ2 24Q3 24: 50 bought or addedQ3 24: 33 cut or sold outQ4 24: 52 bought or addedQ4 24: 38 cut or sold outQ4 24Q1 25: 61 bought or addedQ1 25: 41 cut or sold outQ2 25: 72 bought or addedQ2 25: 47 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20233630
Q4 20233931
Q1 20244035
Q2 20245432
Q3 20245033
Q4 20245238
Q1 20256141
Q2 20257247

Biggest buyers

RAFFA WEALTH MANAGEMENT, LLC New +139,432+139.4k
Kestra Advisory Services, LLC Added +52,896+52.9k
JPMORGAN CHASE & CO Added +51,744+51.7k
Rockefeller Capital Management L.P. Added +47,753+47.8k
ROYAL BANK OF CANADA Added +46,744+46.7k
CITADEL ADVISORS LLC Added +27,558+27.6k
LVZ, Inc. New +25,947+25.9k
Cerity Partners LLC Added +14,923+14.9k
High Probability Advisors, LLC Added +13,782+13.8k
Strategic Blueprint, LLC New +12,493+12.5k

Biggest sellers

FMR LLC Reduced -1,490,394-1.5m
AE Wealth Management LLC Reduced -55,988-56.0k
Prime Capital Investment Advisors, LLC Reduced -41,850-41.9k
Cambridge Investment Research Advisors, Inc. Reduced -28,489-28.5k
UNIQUE WEALTH, LLC Reduced -20,717-20.7k
SILVER OAK SECURITIES, INCORPORATED Reduced -18,324-18.3k
BEACON FINANCIAL GROUP Reduced -13,410-13.4k
OSAIC HOLDINGS, INC. Reduced -9,025-9.0k
Glen Eagle Advisors, LLC Reduced -7,157-7.2k
SMITH CHAS P & ASSOCIATES PA CPAS Reduced -6,149-6.1k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FMR LLC 0.02% of their portfolio BOSTON, MA 6,156,6076.2m $428.7m $428.7m 0.02% Reduced -1.5m -1,490,394
2 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 1,101,8141.1m $76.7m $76.7m 0.02% Added +283 +283
3 Orgel Wealth Management, LLC 1.60% of their portfolio ALTOONA, WI 951,038951.0k $66.2m $66.2m 1.60% Added +6.6k +6,648
4 Kestra Advisory Services, LLC 0.21% of their portfolio AUSTIN, TX 608,828608.8k $42.4m $42.4m 0.21% Added +52.9k +52,896
5 High Probability Advisors, LLC 3.07% of their portfolio Pittsford, NY 294,508294.5k $20.5m $20.5m 3.07% Added +13.8k +13,782
6 Great Lakes Retirement, Inc. 1.98% of their portfolio SANDUSKY, OH 239,492239.5k $16.7m $16.7m 1.98% Reduced -1.4k -1,429
7 SMITH CHAS P & ASSOCIATES PA CPAS 0.91% of their portfolio LAKELAND, FL 233,162233.2k $16.2m $16.2m 0.91% Reduced -6.1k -6,149
8 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 228,984229.0k $15.9m $15.9m 0.00% Added +51.7k +51,744
9 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 164,776164.8k $11.5m $11.5m 0.02% Added +12.4k +12,366
10 BEACON FINANCIAL GROUP 1.15% of their portfolio DALLAS, TX 158,907158.9k $11.1m $11.1m 1.15% Reduced -13.4k -13,410
11 RAFFA WEALTH MANAGEMENT, LLC 1.94% of their portfolio WASHINGTON, DC 139,432139.4k $9.7m $9.7m 1.94% New
12 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 119,627119.6k $8.3m $8.3m 0.01% Reduced -9.0k -9,025
13 SAGESPRING WEALTH PARTNERS, LLC 0.18% of their portfolio FRANKLIN, TN 119,494119.5k $8.3m $8.3m 0.18% Added +4.5k +4,499
14 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 115,368115.4k $8.0m $8.0m 0.01% Added +7.0k +7,016
15 Sunbelt Securities, Inc. 0.58% of their portfolio HOUSTON, TX 99,85599.9k $6.5m $6.5m 0.58% Reduced -1.8k -1,769
16 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 88,82488.8k $6.2m $6.2m 0.01% Added +47.8k +47,753
17 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 74,39274.4k $5.2m $5.2m 0.00% Added +10.8k +10,815
18 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 63,78763.8k $4.4m $4.4m 0.00% Reduced -23 -23
19 KESTRA PRIVATE WEALTH SERVICES, LLC 0.05% of their portfolio AUSTIN, TX 54,64454.6k $3.8m $3.8m 0.05% Added +2.8k +2,812
20 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 48,81848.8k $3.4m $3.4m 0.00% Added +46.7k +46,744
21 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 46,81446.8k $3.3m $3.3m 0.00% Added +1.5k +1,455
22 UNIQUE WEALTH, LLC 0.46% of their portfolio TAMPA, FL 40,95041.0k $2.9m $2.9m 0.46% Reduced -20.7k -20,717
23 Quotient Wealth Partners, LLC 0.08% of their portfolio DALLAS, TX 39,13139.1k $2.7m $2.7m 0.08% Reduced -3.4k -3,441
24 Allworth Financial LP 0.01% of their portfolio FOLSOM, CA 38,31638.3k $2.7m $2.7m 0.01% Added +141 +141
25 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 36,12536.1k $2.5m $2.5m 0.00% Added +14.9k +14,923
26 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 35,71635.7k $2.5m $2.5m 0.00% Added +27.6k +27,558
27 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 32,90332.9k $2.3m $2.3m 0.00% Reduced -836 -836
28 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 32,88232.9k $2.3m $2.3m 0.01% Added +6.6k +6,612
29 Sequent Asset Management, LLC 1.76% of their portfolio HOUSTON, TX 31,57131.6k $2.2m $2.2m 1.76% Reduced -563 -563
30 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 26,50126.5k $1.8m $1.8m 0.00% Added +473 +473
31 Madden Advisory Services, Inc. 0.77% of their portfolio Jacksonville, FL 25,99226.0k $1.8m $1.8m 0.77% Reduced -54 -54
32 LVZ, Inc. 0.22% of their portfolio Holland, MI 25,94725.9k $1.8m $1.8m 0.22% New
33 OmniStar Financial Group, Inc. 1.31% of their portfolio Wilmington, NC 25,13425.1k $1.8m $1.8m 1.31% Added +307 +307
34 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 25,07325.1k $1.7m $1.7m 0.00% Added +10.3k +10,336
35 Biondo Investment Advisors, LLC 0.23% of their portfolio MILFORD, PA 24,85324.9k $1.7m $1.7m 0.23% Reduced -175 -175
36 Envestnet Portfolio Solutions, Inc. 0.01% of their portfolio BERWYN, PA 23,33023.3k $1.6m $1.6m 0.01% Added +2.5k +2,488
37 PKS Advisory Services, LLC 0.34% of their portfolio ALBANY, NY 19,97920.0k $1.4m $1.4m 0.34% Added +977 +977
38 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 19,20819.2k $1.3m $1.3m 0.00% Added +1.6k +1,576
39 AE Wealth Management LLC 0.01% of their portfolio TOPEKA, KS 19,15919.2k $1.3m $1.3m 0.01% Reduced -56.0k -55,988
40 Lido Advisors, LLC 0.01% of their portfolio Los Angeles, CA 19,03219.0k $1.3m $1.3m 0.01% Reduced -476 -476
41 Independent Advisor Alliance 0.04% of their portfolio CHARLOTTE, NC 18,07718.1k $1.3m $1.3m 0.04% Added +149 +149
42 Foundations Investment Advisors, LLC 0.02% of their portfolio PHOENIX, AZ 17,85717.9k $1.2m $1.2m 0.02% Added +4.0k +3,952
43 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 16,96717.0k $1.2m $1.2m 0.00% Added +5.9k +5,884
44 Valmark Advisers, Inc. 0.02% of their portfolio AKRON, OH 16,28316.3k $1.1m $1.1m 0.02% Added +1.8k +1,793
45 Mariner, LLC 0.00% of their portfolio Overland Park, KS 16,10616.1k $1.1m $1.1m 0.00% Added +631 +631
46 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 16,05416.1k $1.1m $1.1m 0.00% Added +70 +70
47 B. Riley Wealth Advisors, Inc. 0.05% of their portfolio MEMPHIS, TN 15,50015.5k $1.1m $1.1m 0.05% Reduced -292 -292
48 Atria Wealth Solutions, Inc. 0.02% of their portfolio NEW YORK, NY 15,44915.4k $1.1m $1.1m 0.02% Reduced -5.9k -5,938
49 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 12,62212.6k $878.9k $878.9k 0.00% Reduced -5.6k -5,646
50 Prime Capital Investment Advisors, LLC 0.01% of their portfolio OVERLAND PARK, KS 12,61912.6k $878.7k $878.7k 0.01% Reduced -41.9k -41,850
51 Strategic Blueprint, LLC 0.04% of their portfolio ATLANTA, GA 12,49312.5k $869.9k $869.9k 0.04% New
52 Hobbs Group Advisors, LLC 0.28% of their portfolio COLUMBIA, SC 11,84411.8k $824.7k $824.7k 0.28% Added +5 +5
53 Flavin Financial Services, Inc. 0.74% of their portfolio MELBOURNE, FL 11,02511.0k $767.6k $767.6k 0.74% Reduced -361 -361
54 TD Waterhouse Canada Inc. 0.00% of their portfolio TORONTO, A6 9,8799.9k $688.2k $688.2k 0.00% Added +831 +831
55 ALTFEST L J & CO INC 0.07% of their portfolio NEW YORK, NY 8,4998.5k $591.8k $591.8k 0.07% Added +51 +51
56 AssuredPartners Investment Advisors, LLC 0.14% of their portfolio Tampa, FL 7,9377.9k $552.7k $552.7k 0.14% Reduced -1.2k -1,250
57 J.W. COLE ADVISORS, INC. 0.01% of their portfolio TAMPA, FL 7,7407.7k $538.9k $538.9k 0.01% New
58 Atlas Brown,Inc. 0.16% of their portfolio LOUISVILLE, KY 7,0527.1k $491.1k $491.1k 0.16% Added +26 +26
59 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 6,9026.9k $480.6k $480.6k 0.00% Reduced -4.3k -4,305
60 Stone House Investment Management, LLC 0.09% of their portfolio TUNKHANNOCK, PA 6,7266.7k $468.3k $468.3k 0.09% Added +5.5k +5,544
61 Sigma Planning Corp 0.01% of their portfolio ANN ARBOR, MI 6,6066.6k $460.0k $460.0k 0.01% Added +373 +373
62 Hoxton Planning & Management, LLC 0.16% of their portfolio SHEPHERDSTOWN, WV 6,5786.6k $458.0k $458.0k 0.16% Unchanged
63 Cullen/Frost Bankers, Inc. 0.01% of their portfolio San Antonio, TX 6,5586.6k $456.6k $456.6k 0.01% Added +863 +863
64 SILVER OAK SECURITIES, INCORPORATED 0.04% of their portfolio JACKSON, TN 6,4716.5k $450.6k $450.6k 0.04% Reduced -18.3k -18,324
65 Glen Eagle Advisors, LLC 0.07% of their portfolio KINGSTON, NJ 6,3576.4k $442.7k $442.7k 0.07% Reduced -7.2k -7,157
66 Lighthouse Financial LLC 0.32% of their portfolio LARGO, FL 6,0006.0k $417.8k $417.8k 0.32% Unchanged
67 Cyndeo Wealth Partners, LLC 0.02% of their portfolio ST. PETERSBURG, FL 5,8475.8k $407.1k $407.1k 0.02% Added +531 +531
68 RWA WEALTH PARTNERS, LLC 0.00% of their portfolio BOSTON, MA 5,6905.7k $396.2k $396.2k 0.00% Reduced -3.4k -3,363
69 Keystone Wealth Services, LLC 0.09% of their portfolio PALM DESERT, CA 5,5995.6k $389.9k $389.9k 0.09% Added +1.6k +1,608
70 FWL INVESTMENT MANAGEMENT, LLC 0.12% of their portfolio Dallas, TX 5,5635.6k $387.4k $387.4k 0.12% Reduced -924 -924
71 Almanack Investment Partners, LLC. 0.05% of their portfolio WAYNE, PA 4,9404.9k $344.0k $344.0k 0.05% Unchanged
72 OLD MISSION CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 4,8854.9k $340.1k $340.1k 0.01% New
73 Beverly Hills Private Wealth, LLC 0.06% of their portfolio BEVERLY HILLS, CA 4,5324.5k $315.5k $315.5k 0.06% Reduced -657 -657
74 MV CAPITAL MANAGEMENT, INC. 0.03% of their portfolio BETHESDA, MD 4,2094.2k $293.1k $293.1k 0.03% Unchanged
75 Ascent Group, LLC 0.01% of their portfolio VIRGINIA BEACH, VA 3,9634.0k $275.9k $275.9k 0.01% Added +93 +93
76 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 3,7643.8k $262.1k $262.1k 0.00% Added +214 +214
77 Weaver Consulting Group 0.07% of their portfolio HUNTINGTON BEACH, CA 3,7573.8k $261.6k $261.6k 0.07% Unchanged
78 PARSONS CAPITAL MANAGEMENT INC/RI 0.02% of their portfolio PROVIDENCE, RI 3,7203.7k $259.0k $259.0k 0.02% Reduced -65 -65
79 CANANDAIGUA NATIONAL BANK & TRUST CO 0.02% of their portfolio CANANDAIGUA, NY 3,7203.7k $259.0k $259.0k 0.02% New
80 TD Capital Management LLC 0.02% of their portfolio MEMPHIS, TN 3,6653.7k $255.2k $255.2k 0.02% Added +11 +11
81 True Wealth Design, LLC 0.09% of their portfolio AKRON, OH 3,5243.5k $245.4k $245.4k 0.09% Reduced -262 -262
82 Hurlow Wealth Management Group, Inc. 0.07% of their portfolio BLOOMINGTON, IN 3,4883.5k $242.9k $242.9k 0.07% Unchanged
83 Colony Family Offices, LLC 0.06% of their portfolio CHARLOTTE, NC 3,4283.4k $238.7k $238.7k 0.06% New
84 NWAM LLC 0.01% of their portfolio MERCER ISLAND, WA 3,3113.3k $234.7k $234.7k 0.01% New
85 FLOW TRADERS U.S. LLC 0.01% of their portfolio NEW YORK, NY 3,3063.3k $230.0k $230.0k 0.01% New
86 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 3,2723.3k $227.8k $227.8k 0.00% New
87 Kestra Investment Management, LLC 0.00% of their portfolio AUSTIN, TX 3,2153.2k $223.9k $223.9k 0.00% New
88 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 3,1743.2k $221.0k $221.0k 0.00% Reduced -28.5k -28,489
89 JOHNSON INVESTMENT COUNSEL INC 0.00% of their portfolio Cincinnati, OH 3,1353.1k $218.3k $218.3k 0.00% Reduced -107 -107
90 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.00% of their portfolio IRVING, TX 3,0363.0k $211.4k $211.4k 0.00% New
91 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 2,6362.6k $183.5k $183.5k 0.00% Reduced -139 -139
92 Capital Investment Counsel, Inc 0.02% of their portfolio RALEIGH, NC 2,5702.6k $178.9k $178.9k 0.02% Unchanged
93 EP Wealth Advisors, LLC 0.00% of their portfolio TORRANCE, CA 2,3282.3k $162.1k $162.1k 0.00% New
94 Ameritas Advisory Services, LLC 0.01% of their portfolio Lincoln, NE 2,0932.1k $145.7k $145.7k 0.01% New
95 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 2,0872.1k $145.3k $145.3k 0.00% First filing
96 CENTAURUS FINANCIAL, INC. 0.01% of their portfolio ANAHEIM, CA 2,0622.1k $144.0k $144.0k 0.01% Reduced -76 -76
97 CWM, LLC 0.00% of their portfolio OMAHA, NE 1,9031.9k $133.0k $133.0k 0.00% New
98 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio Stamford, CT 1,4651.5k $102.0k $102.0k 0.00% Added +1.3k +1,307
99 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 1,2941.3k $90.1k $90.1k 0.00% Added +351 +351
100 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,1601.2k $80.8k $80.8k 0.00% Added +89 +89