Vault-13

FIDELITY COVINGTON TRUST FDLO

LOW VOLITY ETF · ETP · CUSIP 316092824

158 institutional holders +16 vs Q1 2025
13,878,43713.9m shares reported held*
$871.3mreported value*
22 new 54 added 53 reduced 6 sold out net sold ≈ $167.6m (-2.7m 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 ($251.6k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $62.78.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 81Q4 22: 81Q1 23: 81Q2 23: 84Q3 23: 87Q4 23: 98Q1 24: 103Q2 24: 110Q3 24: 131Q4 24: 142Q1 25: 142Q2 25: 158158Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202281
Q4 202281
Q1 202381
Q2 202384
Q3 202387
Q4 202398
Q1 2024103
Q2 2024110
Q3 2024131
Q4 2024142
Q1 2025142
Q2 2025158

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 43 bought or addedQ3 23: 40 cut or sold outQ4 23: 49 bought or addedQ4 23: 41 cut or sold outQ4 23Q1 24: 49 bought or addedQ1 24: 48 cut or sold outQ2 24: 59 bought or addedQ2 24: 46 cut or sold outQ2 24Q3 24: 69 bought or addedQ3 24: 45 cut or sold outQ4 24: 72 bought or addedQ4 24: 50 cut or sold outQ4 24Q1 25: 76 bought or addedQ1 25: 49 cut or sold outQ2 25: 76 bought or addedQ2 25: 59 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20234340
Q4 20234941
Q1 20244948
Q2 20245946
Q3 20246945
Q4 20247250
Q1 20257649
Q2 20257659

Calls vs puts

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

CallsPuts
$0$2k$4k$6k$8kQ3 24 calls: $6.1kQ3 24 puts: $0Q3 24P/C 0.00Q4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —
Numbers
QuarterCallsPutsP/C
Q3 2024$6.1k$00.00
Q4 2024$0$0—
Q1 2025$0$0—
Q2 2025$0$0—

Biggest buyers

NewEdge Advisors, LLC Added +58,317+58.3k
BANK OF AMERICA CORP /DE/ Added +38,622+38.6k
Howard Capital Management, LLC Added +38,621+38.6k
CITADEL ADVISORS LLC Added +30,405+30.4k
Kestra Advisory Services, LLC Added +23,609+23.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +21,833+21.8k
Strategic Blueprint, LLC New +14,494+14.5k
Mechanics Bank Trust Department Added +11,111+11.1k
Security Financial Services, INC. New +11,004+11.0k
O'SHAUGHNESSY ASSET MANAGEMENT, LLC Added +10,437+10.4k

Biggest sellers

FMR LLC Reduced -2,383,241-2.4m
Ameritas Advisory Services, LLC Reduced -125,257-125.3k
Thrivent Financial for Lutherans Sold out -111,638-111.6k
TWO SIGMA INVESTMENTS, LP Sold out -93,700-93.7k
ENVESTNET ASSET MANAGEMENT INC Reduced -56,551-56.6k
OSAIC HOLDINGS, INC. Reduced -34,554-34.6k
MORGAN STANLEY Reduced -30,492-30.5k
LPL Financial LLC Reduced -19,638-19.6k
Rockefeller Capital Management L.P. Reduced -16,167-16.2k
GWN SECURITIES INC. Sold out -11,055-11.1k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FMR LLC 0.03% of their portfolio BOSTON, MA 7,934,9127.9m $498.3m $498.3m 0.03% Reduced -2.4m -2,383,241
2 COMMONWEALTH EQUITY SERVICES, LLC 0.06% of their portfolio WALTHAM, MA 747,249747.2k $46.9m $46.9m 0.06% Reduced -8.4k -8,448
3 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 555,092555.1k $34.9m $34.9m 0.01% Reduced -56.6k -56,551
4 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 443,513443.5k $27.9m $27.9m 0.00% Added +38.6k +38,622
5 Kestra Advisory Services, LLC 0.11% of their portfolio AUSTIN, TX 346,284346.3k $21.7m $21.7m 0.11% Added +23.6k +23,609
6 Campbell Deegan Wealth Management, LLC 19.46% of their portfolio RICHMOND, VA 314,733314.7k $19.8m $19.8m 19.46% Added +9.4k +9,405
7 Corient Private Wealth LP 0.02% of their portfolio MIAMI, FL 236,209236.2k $14.8m $14.8m 0.02% Added +682 +682
8 SEGALL BRYANT & HAMILL, LLC 0.20% of their portfolio CHICAGO, IL 227,641227.6k $14.3m $14.3m 0.20% Reduced -6.9k -6,905
9 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 177,522177.5k $11.1m $11.1m 0.00% Reduced -19.6k -19,638
10 NewEdge Advisors, LLC 0.06% of their portfolio NEW ORLEANS, LA 176,211176.2k $11.1m $11.1m 0.06% Added +58.3k +58,317
11 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 172,247172.2k $10.8m $10.8m 0.02% Added +4.3k +4,293
12 Running Point Capital Advisors, LLC 2.88% of their portfolio EL SEGUNDO, CA 165,902165.9k $10.4m $10.4m 2.88% Added +2.2k +2,218
13 Ameritas Advisory Services, LLC 0.43% of their portfolio Lincoln, NE 130,449130.4k $8.2m $8.2m 0.43% Reduced -125.3k -125,257
14 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 118,808118.8k $7.5m $7.5m 0.01% Reduced -34.6k -34,554
15 GFG Capital, LLC 2.22% of their portfolio MIAMI, FL 118,446118.4k $7.4m $7.4m 2.22% Reduced -9.4k -9,449
16 Lido Advisors, LLC 0.04% of their portfolio Los Angeles, CA 115,900115.9k $7.3m $7.3m 0.04% Reduced -9.9k -9,940
17 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 104,585104.6k $6.6m $6.6m 0.00% Added +1.9k +1,888
18 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 102,860102.9k $6.5m $6.5m 0.00% Reduced -7.1k -7,055
19 Howard Capital Management, LLC 0.08% of their portfolio Alpharetta, GA 80,83880.8k $5.1m $5.1m 0.08% Added +38.6k +38,621
20 Abundance Wealth Counselors 0.88% of their portfolio STATE COLLEGE, PA 79,11479.1k $4.7m $4.7m 0.88% Reduced -4.7k -4,740
21 EXENCIAL WEALTH ADVISORS, LLC 0.17% of their portfolio OKLAHOMA CITY, OK 78,28678.3k $4.9m $4.9m 0.17% Reduced -6.3k -6,262
22 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 77,17977.2k $4.8m $4.8m 0.00% Reduced -30.5k -30,492
23 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 76,11676.1k $4.8m $4.8m 0.00% Reduced -2.8k -2,846
24 Foundations Investment Advisors, LLC 0.07% of their portfolio PHOENIX, AZ 74,35574.4k $4.7m $4.7m 0.07% Added +8.5k +8,484
25 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 73,92773.9k $4.6m $4.6m 0.00% Reduced -494 -494
26 Mechanics Bank Trust Department 0.66% of their portfolio Walnut Creek, CA 73,28273.3k $4.6m $4.6m 0.66% Added +11.1k +11,111
27 AE Wealth Management LLC 0.03% of their portfolio TOPEKA, KS 70,57570.6k $4.4m $4.4m 0.03% Reduced -4.9k -4,908
28 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 49,64549.6k $3.1m $3.1m 0.00% Added +2.1k +2,089
29 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 49,45549.5k $3.1m $3.1m 0.00% Added +30.4k +30,405
30 Weaver Consulting Group 0.76% of their portfolio HUNTINGTON BEACH, CA 43,87743.9k $2.8m $2.8m 0.76% Reduced -435 -435
31 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 41,15441.2k $2.6m $2.6m 0.01% Reduced -1.6k -1,632
32 Advisors Capital Management, LLC 0.03% of their portfolio RIDGEWOOD, NJ 34,77434.8k $2.2m $2.2m 0.03% Reduced -869 -869
33 Capital Analysts, LLC 0.07% of their portfolio FORT WASHINGTON, PA 33,95334.0k $2.1m $2.1m 0.07% Added +634 +634
34 Tyler-Stone Wealth Management 0.34% of their portfolio Beachwood, OH 33,87733.9k $2.1m $2.1m 0.34% Reduced -282 -282
35 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 29,26829.3k $1.8m $1.8m 0.00% Reduced -16.2k -16,167
36 Tempus Wealth Planning, LLC 0.44% of their portfolio IRVINE, CA 27,79427.8k $1.7m $1.7m 0.44% Added +94 +94
37 KESTRA PRIVATE WEALTH SERVICES, LLC 0.02% of their portfolio AUSTIN, TX 26,09526.1k $1.6m $1.6m 0.02% Added +1.5k +1,546
38 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 25,11325.1k $1.6m $1.6m 0.00% Reduced -3.6k -3,567
39 Argent Trust Co 0.05% of their portfolio NASHVILLE, TN 22,75922.8k $1.4m $1.4m 0.05% Reduced -1.2k -1,205
40 Sequent Asset Management, LLC 1.14% of their portfolio HOUSTON, TX 22,71022.7k $1.4m $1.4m 1.14% Unchanged
41 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 21,83321.8k $1.4m $1.4m 0.00% New
42 Asset Allocation Strategies LLC 0.30% of their portfolio FARMINGTON, MI 21,83021.8k $1.4m $1.4m 0.30% Reduced -10.1k -10,142
43 Rehmann Capital Advisory Group 0.08% of their portfolio LANSING, MI 20,89720.9k $1.3m $1.3m 0.08% Added +1 +1
44 NVWM, LLC 0.30% of their portfolio YARDLEY, PA 19,68819.7k $1.2m $1.2m 0.30% Added +1.1k +1,104
45 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 16,98717.0k $1.1m $1.1m 0.00% Reduced -4.4k -4,374
46 Envestnet Portfolio Solutions, Inc. 0.00% of their portfolio BERWYN, PA 15,77715.8k $990.8k $990.8k 0.00% Added +2.0k +2,039
47 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 15,03415.0k $944.1k $944.1k 0.00% Added +692 +692
48 Westside Investment Management, Inc. 0.17% of their portfolio SANTA MONICA, CA 14,75014.8k $926.3k $926.3k 0.17% Added +20 +20
49 Strategic Blueprint, LLC 0.04% of their portfolio ATLANTA, GA 14,49414.5k $910.2k $910.2k 0.04% New
50 Pallas Capital Advisors LLC 0.03% of their portfolio BRAINTREE, MA 14,12814.1k $887.2k $887.2k 0.03% Added +407 +407
51 GREAT VALLEY ADVISOR GROUP, INC. 0.02% of their portfolio WILMINGTON, DE 12,98613.0k $815.5k $815.5k 0.02% Reduced -1.3k -1,294
52 AVANTAX ADVISORY SERVICES, INC. 0.00% of their portfolio DALLAS, TX 12,50912.5k $785.5k $785.5k 0.00% Added +134 +134
53 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 11,10311.1k $700.7k $700.7k 0.01% Reduced -26 -26
54 Security Financial Services, INC. 0.12% of their portfolio Fort Wayne, IN 11,00411.0k $691.1k $691.1k 0.12% New
55 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio Stamford, CT 10,88110.9k $683.3k $683.3k 0.00% Added +10.4k +10,437
56 Focus Partners Advisor Solutions, LLC 0.01% of their portfolio SAINT LOUIS, MO 10,06810.1k $632.3k $632.3k 0.01% Added +24 +24
57 AllSquare Wealth Management LLC 0.35% of their portfolio ALBANY, NY 9,9339.9k $623.8k $623.8k 0.35% Unchanged
58 Avidian Wealth Enterprises, LLC 0.02% of their portfolio Houston, TX 9,6669.7k $607.0k $607.0k 0.02% Reduced -29 -29
59 Buttonwood Financial Group, LLC 0.29% of their portfolio Kansas City, MO 9,1579.2k $578.7k $578.7k 0.29% Added +256 +256
60 CARY STREET PARTNERS FINANCIAL LLC 0.02% of their portfolio RICHMOND, VA 8,9559.0k $562.4k $562.4k 0.02% Reduced -876 -876
61 Atria Wealth Solutions, Inc. 0.01% of their portfolio NEW YORK, NY 8,8618.9k $556.5k $556.5k 0.01% Reduced -841 -841
62 Brookstone Capital Management 0.01% of their portfolio WHEATON, IL 8,5818.6k $538.9k $538.9k 0.01% Added +816 +816
63 Snider Financial Group 0.15% of their portfolio BELLEVUE, WA 8,5428.5k $536.4k $536.4k 0.15% Reduced -1.2k -1,216
64 OmniStar Financial Group, Inc. 0.40% of their portfolio Wilmington, NC 8,4938.5k $533.4k $533.4k 0.40% Added +35 +35
65 Sigma Planning Corp 0.02% of their portfolio ANN ARBOR, MI 8,2798.3k $519.9k $519.9k 0.02% Added +650 +650
66 Cullen/Frost Bankers, Inc. 0.01% of their portfolio San Antonio, TX 8,2498.2k $518.0k $518.0k 0.01% Added +515 +515
67 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 8,1968.2k $514.7k $514.7k 0.00% Added +468 +468
68 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 8,1538.2k $512.0k $512.0k 0.01% Added +78 +78
69 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 7,8347.8k $492.0k $492.0k 0.00% Reduced -1.3k -1,254
70 Strategic Advocates LLC 0.15% of their portfolio SACRAMENTO, CA 7,7797.8k $488.5k $488.5k 0.15% New
71 Integrated Advisors Network LLC 0.02% of their portfolio DALLAS, TX 7,6037.6k $477.5k $477.5k 0.02% Reduced -3.3k -3,277
72 REGATTA CAPITAL GROUP, LLC 0.08% of their portfolio EL SEGUNDO, CA 7,5787.6k $475.9k $475.9k 0.08% New
73 Betterment LLC 0.00% of their portfolio NEW YORK, NY 7,4947.5k $471.0k $471.0k 0.00% Reduced -172 -172
74 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 6,6416.6k $417.0k $417.0k 0.00% Reduced -3.8k -3,848
75 Mariner, LLC 0.00% of their portfolio Overland Park, KS 6,6076.6k $414.9k $414.9k 0.00% Added +925 +925
76 SILVER OAK SECURITIES, INCORPORATED 0.03% of their portfolio JACKSON, TN 6,3746.4k $400.3k $400.3k 0.03% Added +3 +3
77 Cresset Asset Management, LLC 0.00% of their portfolio Chicago, IL 6,3046.3k $395.9k $395.9k 0.00% Reduced -1 -1
78 Unified Investment Management 0.41% of their portfolio Atlanta, GA 6,1506.2k $386.2k $386.2k 0.41% Unchanged
79 Sunbelt Securities, Inc. 0.03% of their portfolio HOUSTON, TX 6,1266.1k $371.1k $371.1k 0.03% Reduced -5.3k -5,338
80 Aptus Capital Advisors, LLC 0.00% of their portfolio FAIRHOPE, AL 6,0246.0k $378.3k $378.3k 0.00% Added +2.8k +2,835
81 Valley Financial Group, Inc. 0.21% of their portfolio AMBLER, PA 5,5545.6k $348.8k $348.8k 0.21% Reduced -34 -34
82 Samalin Investment Counsel, LLC 0.13% of their portfolio CHAPPAQUA, NY 5,4945.5k $345.0k $345.0k 0.13% Added +3 +3
83 Stonebridge Financial Planning Group, LLC 0.14% of their portfolio ORLANDO, FL 5,2505.2k $329.7k $329.7k 0.14% Unchanged
84 Destiny Wealth Partners, LLC 0.04% of their portfolio TAVARES, FL 5,1695.2k $324.6k $324.6k 0.04% Unchanged
85 Sovereign Financial Group, Inc. 0.07% of their portfolio STAMFORD, CT 5,0575.1k $317.6k $317.6k 0.07% Added +19 +19
86 J.W. COLE ADVISORS, INC. 0.01% of their portfolio TAMPA, FL 5,0435.0k $316.7k $316.7k 0.01% Added +83 +83
87 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 5,0145.0k $314.9k $314.9k 0.00% Reduced -980 -980
88 KINGSWOOD WEALTH ADVISORS, LLC 0.02% of their portfolio SAN DIEGO, CA 4,9284.9k $309.5k $309.5k 0.02% Reduced -18 -18
89 ARS Wealth Advisors Group, LLC 0.03% of their portfolio St. Petersburg, FL 4,7274.7k $296.8k $296.8k 0.03% Added +17 +17
90 JOHNSON INVESTMENT COUNSEL INC 0.00% of their portfolio Cincinnati, OH 4,6044.6k $289.1k $289.1k 0.00% Reduced -289 -289
91 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 4,0354.0k $253.4k $253.4k 0.00% Reduced -248 -248
92 Carnegie Investment Counsel 0.00% of their portfolio PEPPER PIKE, OH 3,9123.9k $245.7k $245.7k 0.00% Unchanged
93 Ascent Group, LLC 0.01% of their portfolio VIRGINIA BEACH, VA 3,6743.7k $230.7k $230.7k 0.01% Reduced -16 -16
94 JB Capital LLC 0.01% of their portfolio WETHERSFIELD, CT 3,5943.6k $225.7k $225.7k 0.01% Added +71 +71
95 Equitable Holdings, Inc. 0.00% of their portfolio NEW YORK, NY 3,5873.6k $225.3k $225.3k 0.00% Added +267 +267
96 Hoxton Planning & Management, LLC 0.08% of their portfolio SHEPHERDSTOWN, WV 3,5613.6k $223.6k $223.6k 0.08% Unchanged
97 Aviance Capital Partners, LLC 0.03% of their portfolio NAPLES, FL 3,5463.5k $222.7k $222.7k 0.03% Unchanged
98 RMR Wealth Builders 0.02% of their portfolio Montclair, NJ 3,5403.5k $222.3k $222.3k 0.02% Reduced -266 -266
99 AMG National Trust Bank 0.01% of their portfolio GREENWOOD VILLAGE, CO 3,5183.5k $221.0k $221.0k 0.01% Added +8 +8
100 IFP Advisors, Inc 0.01% of their portfolio TAMPA, FL 3,5113.5k $220.5k $220.5k 0.01% Added +443 +443