Vault-13

FIDELITY COVINGTON TRUST FQAL

QLTY FCTOR ETF · ETP · CUSIP 316092790

160 institutional holders +9 vs Q1 2026
13,824,61813.8m shares reported held*
$1.1bnreported value*
22 new 58 added 49 reduced 12 sold out net bought ≈ $2.2m (+26.4k 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 ($648.9k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $81.38.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 56Q4 22: 64Q1 23: 64Q2 23: 69Q3 23: 73Q4 23: 75Q1 24: 80Q2 24: 94Q3 24: 97Q4 24: 109Q1 25: 111Q2 25: 127Q3 25: 139Q4 25: 147Q1 26: 151Q2 26: 160160Q3 22Q3 23Q3 24Q3 25Q2 26
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
Q3 2025139
Q4 2025147
Q1 2026151
Q2 2026160

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 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 25Q3 25: 77 bought or addedQ3 25: 48 cut or sold outQ4 25: 84 bought or addedQ4 25: 48 cut or sold outQ4 25Q1 26: 87 bought or addedQ1 26: 57 cut or sold outQ2 26: 80 bought or addedQ2 26: 61 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20245033
Q4 20245238
Q1 20256141
Q2 20257247
Q3 20257748
Q4 20258448
Q1 20268757
Q2 20268061

Biggest buyers

ROYAL BANK OF CANADA Added +72,237+72.2k
OSAIC HOLDINGS, INC. Added +59,599+59.6k
RAFFA WEALTH MANAGEMENT, LLC Added +55,976+56.0k
ENVESTNET ASSET MANAGEMENT INC Added +50,502+50.5k
Cambridge Investment Research Advisors, Inc. Added +35,547+35.5k
HRT FINANCIAL LP Added +28,561+28.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +23,823+23.8k
GOLDMAN SACHS GROUP INC New +22,994+23.0k
FMR LLC Added +22,626+22.6k
LVZ, Inc. New +16,302+16.3k

Biggest sellers

Kestra Advisory Services, LLC Reduced -139,019-139.0k
PRINCIPAL SECURITIES, INC. Reduced -72,839-72.8k
RAYMOND JAMES FINANCIAL INC Reduced -56,087-56.1k
CITADEL ADVISORS LLC Reduced -29,963-30.0k
JPMORGAN CHASE & CO Reduced -27,718-27.7k
JANE STREET GROUP, LLC Reduced -23,245-23.2k
SILVER OAK SECURITIES, INCORPORATED Reduced -19,289-19.3k
Orgel Wealth Management, LLC Reduced -14,441-14.4k
LPL Financial LLC Reduced -13,017-13.0k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -10,897-10.9k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FMR LLC 0.03% of their portfolio BOSTON, MA 7,086,5607.1m $576.6m $576.6m 0.03% Added +22.6k +22,626
2 ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio Berwyn, PA 1,373,7521.4m $111.8m $111.8m 0.03% Added +50.5k +50,502
3 Orgel Wealth Management, LLC 1.37% of their portfolio ALTOONA, WI 885,647885.6k $72.1m $72.1m 1.37% Reduced -14.4k -14,441
4 Kestra Advisory Services, LLC 0.20% of their portfolio AUSTIN, TX 760,789760.8k $61.9m $61.9m 0.20% Reduced -139.0k -139,019
5 RAFFA WEALTH MANAGEMENT, LLC 4.35% of their portfolio WASHINGTON, DC 424,404424.4k $34.5m $34.5m 4.35% Added +56.0k +55,976
6 High Probability Advisors, LLC 2.97% of their portfolio Pittsford, NY 341,750341.8k $27.8m $27.8m 2.97% Added +15.0k +15,030
7 Great Lakes Retirement, Inc. 1.76% of their portfolio SANDUSKY, OH 244,059244.1k $19.9m $19.9m 1.76% Reduced -759 -759
8 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 234,258234.3k $18.9m $18.9m 0.00% Reduced -27.7k -27,718
9 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 163,900163.9k $13.3m $13.3m 0.01% Reduced -7.2k -7,226
10 BEACON FINANCIAL GROUP 0.96% of their portfolio DALLAS, TX 129,597129.6k $10.5m $10.5m 0.96% Reduced -10.2k -10,171
11 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 123,729123.7k $10.1m $10.1m 0.01% Added +59.6k +59,599
12 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 112,573112.6k $9.2m $9.2m 0.01% Reduced -10.9k -10,897
13 SAGESPRING WEALTH PARTNERS, LLC 0.14% of their portfolio FRANKLIN, TN 110,357110.4k $9.0m $9.0m 0.14% Reduced -4.2k -4,175
14 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 96,15996.2k $7.8m $7.8m 0.00% Reduced -13.0k -13,017
15 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 79,42779.4k $6.5m $6.5m 0.00% Added +1.3k +1,253
16 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 75,01975.0k $6.1m $6.1m 0.00% Added +72.2k +72,237
17 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 72,89672.9k $5.9m $5.9m 0.00% Reduced -56.1k -56,087
18 KESTRA PRIVATE WEALTH SERVICES, LLC 0.06% of their portfolio AUSTIN, TX 63,63663.6k $5.2m $5.2m 0.06% Reduced -2.0k -2,046
19 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 62,32662.3k $5.1m $5.1m 0.00% Reduced -5.5k -5,452
20 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 58,92658.9k $4.8m $4.8m 0.01% Added +35.5k +35,547
21 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 58,47458.5k $4.8m $4.8m 0.01% Reduced -5.0k -5,045
22 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 57,32357.3k $4.7m $4.7m 0.00% Added +23.8k +23,823
23 Keystone Wealth Services, LLC 0.82% of their portfolio PALM DESERT, CA 53,92253.9k $4.4m $4.4m 0.82% Added +2.2k +2,180
24 OmniStar Financial Group, Inc. 1.96% of their portfolio Wilmington, NC 52,34752.3k $4.3m $4.3m 1.96% Added +2.6k +2,577
25 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 49,41049.4k $4.0m $4.0m 0.00% Added +1.6k +1,569
26 Madden Advisory Services, Inc. 1.22% of their portfolio Jacksonville, FL 41,70141.7k $3.4m $3.4m 1.22% Reduced -569 -569
27 Allworth Financial LP 0.01% of their portfolio FOLSOM, CA 38,87238.9k $3.2m $3.2m 0.01% Added +296 +296
28 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 38,32438.3k $3.1m $3.1m 0.00% Added +1.9k +1,855
29 Fullerton Advisors, LLC 2.77% of their portfolio DANVILLE, CA 36,37536.4k $3.0m $3.0m 2.77% Reduced -300 -300
30 UNIQUE WEALTH, LLC 0.32% of their portfolio TAMPA, FL 34,03234.0k $2.8m $2.8m 0.32% Reduced -2.4k -2,366
31 Centerline Wealth Advisors, LLC 0.83% of their portfolio LOUISVILLE, KY 32,73432.7k $2.7m $2.7m 0.83% Added +73 +73
32 Sequent Asset Management, LLC 1.10% of their portfolio HOUSTON, TX 31,93831.9k $2.6m $2.6m 1.10% Reduced -4 -4
33 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 31,32931.3k $2.5m $2.5m 0.01% Added +28.6k +28,561
34 Valmark Advisers, Inc. 0.02% of their portfolio AKRON, OH 28,08128.1k $2.3m $2.3m 0.02% Added +3.2k +3,166
35 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 26,85026.9k $2.2m $2.2m 0.01% Added +689 +689
36 Strategic Blueprint, LLC 0.11% of their portfolio ATLANTA, GA 25,90225.9k $2.1m $2.1m 0.11% Added +2.2k +2,166
37 Biondo Investment Advisors, LLC 0.26% of their portfolio MILFORD, PA 25,81325.8k $2.1m $2.1m 0.26% Added +335 +335
38 Quotient Wealth Partners, LLC 0.05% of their portfolio DALLAS, TX 25,67225.7k $2.1m $2.1m 0.05% Reduced -1.9k -1,881
39 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 22,99423.0k $1.9m $1.9m 0.00% New
40 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 20,95321.0k $1.7m $1.7m 0.00% Added +4.8k +4,824
41 PKS Advisory Services, LLC 0.27% of their portfolio ALBANY, NY 20,85120.9k $1.7m $1.7m 0.27% Added +276 +276
42 Sovran Advisors, LLC 0.12% of their portfolio SAN DIEGO, CA 19,81519.8k $1.6m $1.6m 0.12% Added +5.3k +5,297
43 AE Wealth Management LLC 0.01% of their portfolio TOPEKA, KS 18,77318.8k $1.5m $1.5m 0.01% Added +2.3k +2,255
44 Lido Advisors, LLC 0.01% of their portfolio Los Angeles, CA 18,51518.5k $1.5m $1.5m 0.01% Reduced -383 -383
45 Envestnet Portfolio Solutions, Inc. 0.01% of their portfolio BERWYN, PA 18,35318.4k $1.5m $1.5m 0.01% Added +230 +230
46 Mariner, LLC 0.00% of their portfolio Overland Park, KS 16,85016.9k $1.4m $1.4m 0.00% Added +779 +779
47 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 16,46616.5k $1.3m $1.3m 0.00% Added +319 +319
48 LVZ, Inc. 0.13% of their portfolio Holland, MI 16,30216.3k $1.3m $1.3m 0.13% New
49 Independent Advisor Alliance 0.03% of their portfolio CHARLOTTE, NC 16,19216.2k $1.3m $1.3m 0.03% Reduced -1.1k -1,086
50 IFP Advisors, Inc 0.02% of their portfolio TAMPA, FL 15,83815.8k $1.3m $1.3m 0.02% Added +1.1k +1,112
51 Breakwater Capital Group 0.15% of their portfolio PARAMUS, NJ 15,30815.3k $1.2m $1.2m 0.15% Added +2.5k +2,466
52 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 14,96715.0k $1.2m $1.2m 0.00% Reduced -30.0k -29,963
53 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 14,95215.0k $1.2m $1.2m 0.00% Added +4.3k +4,278
54 Prime Capital Investment Advisors, LLC 0.01% of their portfolio OVERLAND PARK, KS 13,96714.0k $1.1m $1.1m 0.01% Reduced -4.7k -4,695
55 Bryant Woods Investment Advisors, LLC 0.27% of their portfolio GETZVILLE, NY 11,74911.7k $956.0k $956.0k 0.27% Added +7.9k +7,941
56 Hobbs Group Advisors, LLC 0.25% of their portfolio COLUMBIA, SC 11,62111.6k $945.5k $945.5k 0.25% Added +5 +5
57 Flavin Financial Services, Inc. 0.53% of their portfolio MELBOURNE, FL 11,45011.4k $931.6k $931.6k 0.53% Added +1.0k +1,004
58 TD Waterhouse Canada Inc. 0.00% of their portfolio TORONTO, A6 11,23611.2k $913.0k $913.0k 0.00% Added +262 +262
59 J.W. COLE ADVISORS, INC. 0.02% of their portfolio TAMPA, FL 11,08011.1k $901.5k $901.5k 0.02% New
60 Savvy Advisors, Inc. 0.02% of their portfolio NEW YORK, NY 11,05211.1k $899.2k $899.2k 0.02% Added +185 +185
61 Elevation Capital Advisory, LLC 0.31% of their portfolio BEND, OR 9,8549.9k $801.7k $801.7k 0.31% New
62 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 9,5719.6k $778.7k $778.7k 0.00% Reduced -23.2k -23,245
63 Procyon Advisors, LLC 0.03% of their portfolio SHELTON, CT 9,4739.5k $770.7k $770.7k 0.03% New
64 Cullen/Frost Bankers, Inc. 0.01% of their portfolio San Antonio, TX 9,3439.3k $760.1k $760.1k 0.01% Added +1.1k +1,149
65 OpenArc Corporate Advisory, LLC 0.01% of their portfolio ATLANTA, GA 9,0779.1k $738.5k $738.5k 0.01% Added +1.8k +1,842
66 PRINCIPAL SECURITIES, INC. 0.01% of their portfolio DES MOINES, IA 8,5728.6k $697.4k $697.4k 0.01% Reduced -72.8k -72,839
67 CRA Financial Services, LLC 0.08% of their portfolio NORTHFIELD, NJ 8,1508.2k $663.1k $663.1k 0.08% Unchanged
68 AssuredPartners Investment Advisors, LLC 0.06% of their portfolio Tampa, FL 7,8687.9k $640.1k $640.1k 0.06% Unchanged
69 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 7,6617.7k $270.8k $270.8k 0.00% Reduced -4.7k -4,672
70 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 7,4627.5k $607.2k $607.2k 0.00% Reduced -6 -6
71 Atlas Brown,Inc. 0.16% of their portfolio LOUISVILLE, KY 7,1277.1k $579.8k $579.8k 0.16% Reduced -672 -672
72 Sigma Planning Corp 0.01% of their portfolio ANN ARBOR, MI 7,0057.0k $570.0k $570.0k 0.01% Added +378 +378
73 ALTFEST L J & CO INC 0.05% of their portfolio NEW YORK, NY 6,8216.8k $555.0k $555.0k 0.05% Reduced -1.4k -1,418
74 World Investment Advisors 0.01% of their portfolio LINCROFT, NJ 6,6226.6k $525.4k $525.4k 0.01% Reduced -3 -3
75 Glen Eagle Advisors, LLC 0.07% of their portfolio KINGSTON, NJ 6,4376.4k $523.7k $523.7k 0.07% Reduced -2.3k -2,254
76 PETTYJOHN, WOOD & WHITE, INC 0.07% of their portfolio LYNCHBURG, VA 6,2946.3k $512.1k $512.1k 0.07% New
77 Mutual Advisors, LLC 0.01% of their portfolio OMAHA, NE 5,9345.9k $482.8k $482.8k 0.01% Added +19 +19
78 SILVER OAK SECURITIES, INCORPORATED 0.03% of their portfolio JACKSON, TN 5,9095.9k $480.7k $480.7k 0.03% Reduced -19.3k -19,289
79 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 5,7725.8k $469.6k $469.6k 0.00% Added +399 +399
80 Regal Investment Advisors LLC 0.02% of their portfolio KENTWOOD, MI 5,3605.4k $436.1k $436.1k 0.02% Added +2.1k +2,124
81 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 4,8544.9k $394.3k $394.3k 0.00% Reduced -2.0k -2,043
82 RWA WEALTH PARTNERS, LLC 0.00% of their portfolio BOSTON, MA 4,8144.8k $391.7k $391.7k 0.00% Added +5 +5
83 Ascent Group, LLC 0.01% of their portfolio VIRGINIA BEACH, VA 4,7854.8k $389.3k $389.3k 0.01% Added +740 +740
84 Almanack Investment Partners, LLC. 0.05% of their portfolio WAYNE, PA 4,7674.8k $387.8k $387.8k 0.05% Reduced -99 -99
85 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio Stamford, CT 4,7034.7k $382.6k $382.6k 0.00% Added +1.1k +1,088
86 FLOW TRADERS U.S. LLC 0.02% of their portfolio NEW YORK, NY 4,5544.6k $371.0k $371.0k 0.02% New
87 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 4,4474.4k $361.8k $361.8k 0.00% Reduced -35 -35
88 Beverly Hills Private Wealth, LLC 0.07% of their portfolio BEVERLY HILLS, CA 4,3764.4k $356.0k $356.0k 0.07% Reduced -7 -7
89 Weaver Consulting Group 0.07% of their portfolio HUNTINGTON BEACH, CA 4,3174.3k $351.2k $351.2k 0.07% Added +560 +560
90 CANANDAIGUA NATIONAL BANK & TRUST CO 0.03% of their portfolio CANANDAIGUA, NY 4,2964.3k $349.5k $349.5k 0.03% First filing
91 Beaumont Financial Advisors, LLC 0.02% of their portfolio NEEDHAM, MA 4,2314.2k $344.3k $344.3k 0.02% Added +118 +118
92 MV CAPITAL MANAGEMENT, INC. 0.03% of their portfolio BETHESDA, MD 4,2094.2k $342.4k $342.4k 0.03% Unchanged
93 Cyndeo Wealth Partners, LLC 0.02% of their portfolio ST. PETERSBURG, FL 3,9784.0k $323.7k $323.7k 0.02% Reduced -784 -784
94 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 3,8943.9k $316.8k $316.8k 0.00% Added +3.3k +3,298
95 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 3,8533.9k $313.5k $313.5k 0.00% Added +110 +110
96 UBS Group AG 0.00% of their portfolio ZURICH, V8 3,8423.8k $312.6k $312.6k 0.00% Reduced -1.7k -1,681
97 Colony Family Offices, LLC 0.06% of their portfolio CHARLOTTE, NC 3,5183.5k $286.2k $286.2k 0.06% Added +67 +67
98 True Wealth Design, LLC 0.07% of their portfolio AKRON, OH 3,4963.5k $284.4k $284.4k 0.07% Unchanged
99 Hurlow Wealth Management Group, Inc. 0.06% of their portfolio BLOOMINGTON, IN 3,4883.5k $283.8k $283.8k 0.06% Unchanged
100 FWL INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio Dallas, TX 3,4523.5k $280.9k $280.9k 0.05% Reduced -97 -97