Vault-13

FIDELITY COVINGTON TRUST FDLO

LOW VOLITY ETF · ETP · CUSIP 316092824

167 institutional holders +14 vs Q3 2025
16,758,57316.8m shares reported held*
$1.1bnreported value*
25 new 69 added 39 reduced 15 sold out net bought ≈ $86.6m (+1.3m 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 ($325.8k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $66.76.

Trends to Q4 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: 158Q3 25: 153Q4 25: 167167Q3 22Q2 23Q1 24Q4 24Q4 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
Q3 2025153
Q4 2025167

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 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 25Q3 25: 76 bought or addedQ3 25: 57 cut or sold outQ4 25: 94 bought or addedQ4 25: 54 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20244948
Q2 20245946
Q3 20246945
Q4 20247250
Q1 20257649
Q2 20257659
Q3 20257657
Q4 20259454

Biggest buyers

FMR LLC Added +792,508+792.5k
Corient Private Wealth LP Added +202,739+202.7k
SYKON CAPITAL LLC New +175,471+175.5k
Howard Capital Management, LLC Added +108,461+108.5k
ROYAL BANK OF CANADA Added +101,619+101.6k
MORGAN STANLEY Added +49,847+49.8k
JANE STREET GROUP, LLC New +40,103+40.1k
Cetera Investment Advisers Added +39,160+39.2k
LPL Financial LLC Added +38,385+38.4k
AE Wealth Management LLC Added +31,764+31.8k

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -160,667-160.7k
Kestra Advisory Services, LLC Reduced -84,130-84.1k
TWO SIGMA INVESTMENTS, LP Reduced -53,400-53.4k
NewEdge Advisors, LLC Reduced -49,545-49.5k
GOLDMAN SACHS GROUP INC Reduced -30,265-30.3k
JPMORGAN CHASE & CO Reduced -28,542-28.5k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -21,414-21.4k
Hershey Financial Advisers, LLC Sold out -18,350-18.4k
SEGALL BRYANT & HAMILL, LLC Reduced -10,788-10.8k
REGATTA CAPITAL GROUP, LLC Sold out -7,578-7.6k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FMR LLC 0.03% of their portfolio BOSTON, MA 10,079,49810.1m $672.8m $672.8m 0.03% Added +792.5k +792,508
2 COMMONWEALTH EQUITY SERVICES, LLC 0.06% of their portfolio WALTHAM, MA 711,642711.6k $47.5m $47.5m 0.06% Reduced -21.4k -21,414
3 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 504,770504.8k $33.7m $33.7m 0.01% Added +5.4k +5,413
4 Corient Private Wealth LP 0.02% of their portfolio MIAMI, FL 427,116427.1k $28.7m $28.7m 0.02% Added +202.7k +202,739
5 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 404,099404.1k $27.0m $27.0m 0.01% Added +38.4k +38,385
6 Campbell Deegan Wealth Management, LLC 17.80% of their portfolio RICHMOND, VA 330,360330.4k $22.1m $22.1m 17.80% Added +10.9k +10,950
7 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 320,500320.5k $21.4m $21.4m 0.00% Reduced -160.7k -160,667
8 Kestra Advisory Services, LLC 0.07% of their portfolio AUSTIN, TX 244,592244.6k $16.3m $16.3m 0.07% Reduced -84.1k -84,130
9 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 241,166241.2k $16.1m $16.1m 0.02% Added +39.2k +39,160
10 Howard Capital Management, LLC 0.20% of their portfolio Alpharetta, GA 233,344233.3k $15.6m $15.6m 0.20% Added +108.5k +108,461
11 SEGALL BRYANT & HAMILL, LLC 0.18% of their portfolio CHICAGO, IL 203,753203.8k $13.6m $13.6m 0.18% Reduced -10.8k -10,788
12 Running Point Capital Advisors, LLC 3.50% of their portfolio EL SEGUNDO, CA 192,123192.1k $12.8m $12.8m 3.50% Added +18.1k +18,073
13 SYKON CAPITAL LLC 3.76% of their portfolio HARRISON, NY 175,471175.5k $11.7m $11.7m 3.76% New
14 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 155,181155.2k $10.4m $10.4m 0.00% Added +101.6k +101,619
15 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 141,514141.5k $9.4m $9.4m 0.00% Added +14.2k +14,229
16 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 130,116130.1k $8.7m $8.7m 0.01% Added +517 +517
17 NewEdge Advisors, LLC 0.03% of their portfolio NEW ORLEANS, LA 125,636125.6k $8.4m $8.4m 0.03% Reduced -49.5k -49,545
18 ALONGSIDE, LLC 2.61% of their portfolio AUSTIN, TX 117,558117.6k $7.8m $7.8m 2.61% First filing
19 AE Wealth Management LLC 0.04% of their portfolio TOPEKA, KS 117,214117.2k $7.8m $7.8m 0.04% Added +31.8k +31,764
20 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 116,170116.2k $7.8m $7.8m 0.00% Added +49.8k +49,847
21 Lido Advisors, LLC 0.03% of their portfolio Los Angeles, CA 115,913115.9k $7.6m $7.6m 0.03% Reduced -1 -1
22 GFG Capital, LLC 2.74% of their portfolio MIAMI, FL 115,051115.1k $7.7m $7.7m 2.74% Reduced -3.4k -3,395
23 Ameritas Advisory Services, LLC 0.28% of their portfolio Lincoln, NE 110,598110.6k $7.4m $7.4m 0.28% Reduced -2.0k -1,991
24 Foundations Investment Advisors, LLC 0.08% of their portfolio PHOENIX, AZ 87,68387.7k $5.9m $5.9m 0.08% Added +6.8k +6,768
25 Mechanics Bank Trust Department 0.69% of their portfolio Walnut Creek, CA 79,44479.4k $5.3m $5.3m 0.69% Added +956 +956
26 EXENCIAL WEALTH ADVISORS, LLC 0.17% of their portfolio OKLAHOMA CITY, OK 79,22579.2k $5.3m $5.3m 0.17% Reduced -1.4k -1,420
27 Abundance Wealth Counselors 0.72% of their portfolio STATE COLLEGE, PA 63,52063.5k $4.2m $4.2m 0.72% Reduced -4.1k -4,055
28 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 57,53257.5k $3.8m $3.8m 0.00% Added +5.8k +5,849
29 Weaver Consulting Group 0.70% of their portfolio HUNTINGTON BEACH, CA 43,15943.2k $2.9m $2.9m 0.70% Reduced -118 -118
30 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 40,10340.1k $2.7m $2.7m 0.00% New
31 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 39,41839.4k $2.6m $2.6m 0.01% Reduced -1.1k -1,118
32 Advisors Capital Management, LLC 0.03% of their portfolio RIDGEWOOD, NJ 35,10935.1k $2.3m $2.3m 0.03% Reduced -371 -371
33 Capital Analysts, LLC 0.06% of their portfolio FORT WASHINGTON, PA 33,73233.7k $2.3m $2.3m 0.06% Reduced -1.6k -1,576
34 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 33,72633.7k $2.3m $2.3m 0.00% Reduced -28.5k -28,542
35 KESTRA PRIVATE WEALTH SERVICES, LLC 0.03% of their portfolio AUSTIN, TX 30,80630.8k $2.1m $2.1m 0.03% Added +3.7k +3,700
36 SILVER OAK SECURITIES, INCORPORATED 0.12% of their portfolio JACKSON, TN 26,00926.0k $1.7m $1.7m 0.12% Added +19.1k +19,062
37 Tempus Wealth Planning, LLC 0.39% of their portfolio IRVINE, CA 25,69425.7k $1.7m $1.7m 0.39% Reduced -800 -800
38 Strategic Blueprint, LLC 0.10% of their portfolio ATLANTA, GA 25,38825.4k $1.7m $1.7m 0.10% Added +5.1k +5,101
39 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 25,38425.4k $1.7m $1.7m 0.00% Added +12.2k +12,163
40 OmniStar Financial Group, Inc. 0.96% of their portfolio Wilmington, NC 24,54024.5k $1.6m $1.6m 0.96% Added +15.3k +15,330
41 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 24,50024.5k $1.6m $1.6m 0.00% Reduced -53.4k -53,400
42 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 23,55323.6k $1.6m $1.6m 0.00% Added +229 +229
43 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 23,33023.3k $1.6m $1.6m 0.00% New
44 Argent Trust Co 0.05% of their portfolio NASHVILLE, TN 22,00822.0k $1.5m $1.5m 0.05% Reduced -666 -666
45 Rehmann Capital Advisory Group 0.07% of their portfolio LANSING, MI 20,99721.0k $1.4m $1.4m 0.07% Added +100 +100
46 NVWM, LLC 0.28% of their portfolio YARDLEY, PA 19,54219.5k $1.3m $1.3m 0.28% Reduced -177 -177
47 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 19,36019.4k $1.3m $1.3m 0.00% Reduced -30.3k -30,265
48 J.W. COLE ADVISORS, INC. 0.03% of their portfolio TAMPA, FL 18,74718.7k $1.3m $1.3m 0.03% Added +6.0k +6,008
49 Sequent Asset Management, LLC 0.55% of their portfolio HOUSTON, TX 18,51018.5k $1.2m $1.2m 0.55% Unchanged
50 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.01% of their portfolio Stamford, CT 16,20816.2k $1.1m $1.1m 0.01% Added +421 +421
51 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 16,09116.1k $1.1m $1.1m 0.00% Added +11.9k +11,940
52 Asset Allocation Strategies LLC 0.20% of their portfolio FARMINGTON, MI 16,05116.1k $1.1m $1.1m 0.20% Reduced -1.7k -1,687
53 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 15,88315.9k $1.1m $1.1m 0.00% Reduced -119 -119
54 Smart Money Group LLC 0.31% of their portfolio EASTLAND, TX 15,71315.7k $1.0m $1.0m 0.31% Added +175 +175
55 Pallas Capital Advisors LLC 0.03% of their portfolio BRAINTREE, MA 14,69314.7k $980.8k $980.8k 0.03% Added +263 +263
56 Envestnet Portfolio Solutions, Inc. 0.00% of their portfolio BERWYN, PA 14,17414.2k $946.1k $946.1k 0.00% Added +2.9k +2,899
57 Roxbury Financial LLC 0.84% of their portfolio MOUNT ARLINGTON, NJ 14,07114.1k $939.2k $939.2k 0.84% Added +11.6k +11,618
58 Security Financial Services, INC. 0.14% of their portfolio Fort Wayne, IN 12,94312.9k $863.9k $863.9k 0.14% Added +694 +694
59 Integrated Advisors Network LLC 0.04% of their portfolio DALLAS, TX 12,73112.7k $849.8k $849.8k 0.04% Reduced -60 -60
60 GREAT VALLEY ADVISOR GROUP, INC. 0.02% of their portfolio WILMINGTON, DE 11,82411.8k $789.5k $789.5k 0.02% Reduced -18 -18
61 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 10,59410.6k $707.2k $707.2k 0.01% Reduced -42 -42
62 Focus Partners Advisor Solutions, LLC 0.01% of their portfolio SAINT LOUIS, MO 10,42010.4k $695.6k $695.6k 0.01% Reduced -4.6k -4,582
63 Westside Investment Management, Inc. 0.11% of their portfolio SANTA MONICA, CA 9,8759.9k $659.2k $659.2k 0.11% Reduced -2.9k -2,945
64 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 9,8439.8k $657.0k $657.0k 0.00% Added +1.6k +1,586
65 Cullen/Frost Bankers, Inc. 0.01% of their portfolio San Antonio, TX 9,5869.6k $639.8k $639.8k 0.01% Added +147 +147
66 Avidian Wealth Enterprises, LLC 0.02% of their portfolio Houston, TX 9,5309.5k $636.1k $636.1k 0.02% Reduced -33 -33
67 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 9,0559.1k $604.4k $604.4k 0.00% New
68 Sigma Planning Corp 0.02% of their portfolio ANN ARBOR, MI 8,9769.0k $599.2k $599.2k 0.02% Added +811 +811
69 CARY STREET PARTNERS FINANCIAL LLC 0.01% of their portfolio RICHMOND, VA 8,6078.6k $574.5k $574.5k 0.01% Reduced -409 -409
70 Brookstone Capital Management 0.01% of their portfolio WHEATON, IL 8,5718.6k $572.1k $572.1k 0.01% Added +6 +6
71 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 8,1728.2k $545.5k $545.5k 0.01% Added +10 +10
72 Strategic Advocates LLC 0.14% of their portfolio SACRAMENTO, CA 7,9177.9k $532.3k $532.3k 0.14% Added +100 +100
73 Buttonwood Financial Group, LLC 0.28% of their portfolio Kansas City, MO 7,8767.9k $533.8k $533.8k 0.28% Reduced -1.2k -1,206
74 Mariner, LLC 0.00% of their portfolio Overland Park, KS 7,8737.9k $525.5k $525.5k 0.00% Added +348 +348
75 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 7,7827.8k $519.4k $519.4k 0.00% Added +2.0k +2,032
76 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 7,3107.3k $487.9k $487.9k 0.00% Added +180 +180
77 Betterment LLC 0.00% of their portfolio NEW YORK, NY 7,0607.1k $471.0k $471.0k 0.00% Reduced -133 -133
78 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 6,8886.9k $459.7k $459.7k 0.00% Added +2.9k +2,931
79 Savvy Advisors, Inc. 0.01% of their portfolio NEW YORK, NY 6,3776.4k $425.7k $425.7k 0.01% Reduced -818 -818
80 WESTBOURNE INVESTMENTS, INC. 0.20% of their portfolio ALEXANDRIA, VA 6,3396.3k $423.1k $423.1k 0.20% Reduced -950 -950
81 Cresset Asset Management, LLC 0.00% of their portfolio Chicago, IL 6,3046.3k $420.8k $420.8k 0.00% Unchanged
82 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 6,2976.3k $420.4k $420.4k 0.00% Reduced -1.4k -1,406
83 Stonebridge Financial Planning Group, LLC 0.15% of their portfolio ORLANDO, FL 6,2506.2k $417.2k $417.2k 0.15% Unchanged
84 Unified Investment Management 0.41% of their portfolio Atlanta, GA 6,1506.2k $410.5k $410.5k 0.41% Unchanged
85 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 5,9005.9k $393.8k $393.8k 0.00% Added +1.4k +1,381
86 Valley Financial Group, Inc. 0.22% of their portfolio AMBLER, PA 5,8025.8k $387.3k $387.3k 0.22% Added +142 +142
87 Snider Financial Group 0.10% of their portfolio BELLEVUE, WA 5,7605.8k $384.5k $384.5k 0.10% Reduced -2.5k -2,463
88 CWM, LLC 0.00% of their portfolio OMAHA, NE 5,6935.7k $380.0k $380.0k 0.00% Added +4.9k +4,910
89 Samalin Investment Counsel, LLC 0.13% of their portfolio CHAPPAQUA, NY 5,5145.5k $368.1k $368.1k 0.13% Added +2 +2
90 KINGSWOOD WEALTH ADVISORS, LLC 0.02% of their portfolio SAN DIEGO, CA 5,2545.3k $350.7k $350.7k 0.02% Added +304 +304
91 Destiny Wealth Partners, LLC 0.04% of their portfolio TAVARES, FL 5,1695.2k $352.2k $352.2k 0.04% Unchanged
92 Sovereign Financial Group, Inc. 0.06% of their portfolio STAMFORD, CT 5,0915.1k $339.8k $339.8k 0.06% Added +17 +17
93 ARS Wealth Advisors Group, LLC 0.03% of their portfolio St. Petersburg, FL 4,7564.8k $317.5k $317.5k 0.03% Added +15 +15
94 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 4,7204.7k $315.0k $315.0k 0.00% Added +32 +32
95 Almanack Investment Partners, LLC. 0.05% of their portfolio WAYNE, PA 4,6594.7k $311.0k $311.0k 0.05% New
96 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 4,6444.6k $310.0k $310.0k 0.00% Reduced -57 -57
97 Ascent Group, LLC 0.01% of their portfolio VIRGINIA BEACH, VA 4,5994.6k $307.0k $307.0k 0.01% Added +427 +427
98 World Investment Advisors 0.01% of their portfolio LINCROFT, NJ 4,5864.6k $306.1k $306.1k 0.01% New
99 JOHNSON INVESTMENT COUNSEL INC 0.00% of their portfolio Cincinnati, OH 4,5184.5k $301.6k $301.6k 0.00% Reduced -82 -82
100 CITIZENS FINANCIAL GROUP INC/RI 0.00% of their portfolio PROVIDENCE, RI 4,4974.5k $300.2k $300.2k 0.00% Added +1.0k +1,036