Vault-13

FIDELITY COVINGTON TRUST FDLO

LOW VOLITY ETF · ETP · CUSIP 316092824

163 institutional holders -4 vs Q4 2025
14,784,01514.8m shares reported held*
$954.9mreported value*
17 new 61 added 48 reduced 17 sold out net sold ≈ $107.4m (-1.7m 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 ($354.8k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $64.59.

Trends to Q1 2026

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: 167Q1 26: 163163Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q1 2026163

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 24: 59 bought or addedQ2 24: 46 cut or sold outQ3 24: 69 bought or addedQ3 24: 45 cut or sold outQ3 24Q4 24: 72 bought or addedQ4 24: 50 cut or sold outQ1 25: 76 bought or addedQ1 25: 49 cut or sold outQ1 25Q2 25: 76 bought or addedQ2 25: 59 cut or sold outQ3 25: 76 bought or addedQ3 25: 57 cut or sold outQ3 25Q4 25: 94 bought or addedQ4 25: 54 cut or sold outQ1 26: 78 bought or addedQ1 26: 65 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20245946
Q3 20246945
Q4 20247250
Q1 20257649
Q2 20257659
Q3 20257657
Q4 20259454
Q1 20267865

Biggest buyers

Cerity Partners LLC Added +194,933+194.9k
FIRST TRUST ADVISORS LP New +123,227+123.2k
AE Wealth Management LLC Added +75,910+75.9k
MORGAN STANLEY Added +30,731+30.7k
ENVESTNET ASSET MANAGEMENT INC Added +19,747+19.7k
GOLDMAN SACHS GROUP INC Added +19,042+19.0k
Hershey Financial Advisers, LLC New +18,727+18.7k
Cetera Investment Advisers Added +15,335+15.3k
LPL Financial LLC Added +13,586+13.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +13,372+13.4k

Biggest sellers

FMR LLC Reduced -1,129,994-1.1m
Corient Private Wealth LP Reduced -416,575-416.6k
Howard Capital Management, LLC Sold out -233,344-233.3k
Foundations Investment Advisors, LLC Sold out -87,683-87.7k
OSAIC HOLDINGS, INC. Reduced -47,587-47.6k
Kestra Advisory Services, LLC Reduced -44,131-44.1k
ROYAL BANK OF CANADA Reduced -36,586-36.6k
SILVER OAK SECURITIES, INCORPORATED Sold out -26,009-26.0k
OmniStar Financial Group, Inc. Sold out -24,540-24.5k
TWO SIGMA INVESTMENTS, LP Sold out -24,500-24.5k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FMR LLC 0.03% of their portfolio BOSTON, MA 8,949,5048.9m $578.0m $578.0m 0.03% Reduced -1.1m -1,129,994
2 COMMONWEALTH EQUITY SERVICES, LLC 0.06% of their portfolio WALTHAM, MA 712,806712.8k $46.0m $46.0m 0.06% Added +1.2k +1,164
3 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 524,517524.5k $33.9m $33.9m 0.01% Added +19.7k +19,747
4 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 417,685417.7k $27.0m $27.0m 0.01% Added +13.6k +13,586
5 Campbell Deegan Wealth Management, LLC 17.17% of their portfolio RICHMOND, VA 330,828330.8k $21.4m $21.4m 17.17% Added +468 +468
6 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 302,488302.5k $19.5m $19.5m 0.00% Reduced -18.0k -18,012
7 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 256,501256.5k $16.6m $16.6m 0.02% Added +15.3k +15,335
8 Cerity Partners LLC 0.02% of their portfolio NEW YORK, NY 201,821201.8k $13.0m $13.0m 0.02% Added +194.9k +194,933
9 Kestra Advisory Services, LLC 0.05% of their portfolio AUSTIN, TX 200,461200.5k $12.9m $12.9m 0.05% Reduced -44.1k -44,131
10 AE Wealth Management LLC 0.07% of their portfolio TOPEKA, KS 193,124193.1k $12.5m $12.5m 0.07% Added +75.9k +75,910
11 SEGALL BRYANT & HAMILL, LLC 0.18% of their portfolio CHICAGO, IL 192,247192.2k $12.4m $12.4m 0.18% Reduced -11.5k -11,506
12 SYKON CAPITAL LLC 3.95% of their portfolio HARRISON, NY 183,619183.6k $11.9m $11.9m 3.95% Added +8.1k +8,148
13 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 146,901146.9k $9.5m $9.5m 0.00% Added +30.7k +30,731
14 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 146,728146.7k $9.5m $9.5m 0.00% Added +5.2k +5,214
15 FIRST TRUST ADVISORS LP 0.01% of their portfolio Wheaton, IL 123,227123.2k $8.0m $8.0m 0.01% New
16 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 118,595118.6k $7.7m $7.7m 0.00% Reduced -36.6k -36,586
17 NewEdge Advisors, LLC 0.03% of their portfolio NEW ORLEANS, LA 116,064116.1k $7.5m $7.5m 0.03% Reduced -9.6k -9,572
18 Lido Advisors, LLC 0.03% of their portfolio Los Angeles, CA 109,339109.3k $7.1m $7.1m 0.03% Reduced -6.6k -6,574
19 Ameritas Advisory Services, LLC 0.27% of their portfolio Lincoln, NE 106,641106.6k $6.9m $6.9m 0.27% Reduced -4.0k -3,957
20 GFG Capital, LLC 2.15% of their portfolio MIAMI, FL 104,076104.1k $6.7m $6.7m 2.15% Reduced -11.0k -10,975
21 Mechanics Bank Trust Department 0.75% of their portfolio Walnut Creek, CA 84,09684.1k $5.4m $5.4m 0.75% Added +4.7k +4,652
22 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 82,52982.5k $5.3m $5.3m 0.01% Reduced -47.6k -47,587
23 EXENCIAL WEALTH ADVISORS, LLC 0.15% of their portfolio OKLAHOMA CITY, OK 76,25476.3k $4.9m $4.9m 0.15% Reduced -3.0k -2,971
24 Abundance Wealth Counselors 0.58% of their portfolio STATE COLLEGE, PA 62,66062.7k $4.0m $4.0m 0.58% Reduced -860 -860
25 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 59,18459.2k $3.8m $3.8m 0.00% Added +1.7k +1,652
26 Weaver Consulting Group 0.66% of their portfolio HUNTINGTON BEACH, CA 43,08443.1k $2.8m $2.8m 0.66% Reduced -75 -75
27 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 38,40238.4k $2.5m $2.5m 0.00% Added +19.0k +19,042
28 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 38,06438.1k $2.5m $2.5m 0.01% Reduced -1.4k -1,354
29 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 36,70236.7k $2.4m $2.4m 0.00% Added +13.4k +13,372
30 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 34,69034.7k $2.2m $2.2m 0.00% Added +964 +964
31 Advisors Capital Management, LLC 0.02% of their portfolio RIDGEWOOD, NJ 32,62432.6k $2.1m $2.1m 0.02% Reduced -2.5k -2,485
32 Capital Analysts, LLC 0.05% of their portfolio FORT WASHINGTON, PA 32,17332.2k $2.1m $2.1m 0.05% Reduced -1.6k -1,559
33 KESTRA PRIVATE WEALTH SERVICES, LLC 0.03% of their portfolio AUSTIN, TX 31,80831.8k $2.1m $2.1m 0.03% Added +1.0k +1,002
34 Strategic Blueprint, LLC 0.10% of their portfolio ATLANTA, GA 25,97526.0k $1.7m $1.7m 0.10% Added +587 +587
35 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 24,64824.6k $1.6m $1.6m 0.00% Reduced -15.5k -15,455
36 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 23,08323.1k $1.5m $1.5m 0.00% Reduced -470 -470
37 Tempus Wealth Planning, LLC 0.33% of their portfolio IRVINE, CA 22,09422.1k $1.4m $1.4m 0.33% Reduced -3.6k -3,600
38 Argent Trust Co 0.05% of their portfolio NASHVILLE, TN 22,00822.0k $1.4m $1.4m 0.05% Unchanged
39 Rehmann Capital Advisory Group 0.07% of their portfolio LANSING, MI 20,87720.9k $1.3m $1.3m 0.07% Reduced -120 -120
40 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 20,51020.5k $1.3m $1.3m 0.00% Reduced -4.9k -4,874
41 Hershey Financial Advisers, LLC 1.04% of their portfolio LANCASTER, PA 18,72718.7k $1.2m $1.2m 1.04% New
42 Sequent Asset Management, LLC 0.53% of their portfolio HOUSTON, TX 17,01017.0k $1.1m $1.1m 0.53% Reduced -1.5k -1,500
43 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.01% of their portfolio Stamford, CT 16,27016.3k $1.1m $1.1m 0.01% Added +62 +62
44 Envestnet Portfolio Solutions, Inc. 0.01% of their portfolio BERWYN, PA 14,87914.9k $961.1k $961.1k 0.01% Added +705 +705
45 Roxbury Financial LLC 0.86% of their portfolio MOUNT ARLINGTON, NJ 14,73714.7k $951.9k $951.9k 0.86% Added +666 +666
46 Asset Allocation Strategies LLC 0.16% of their portfolio FARMINGTON, MI 14,23214.2k $919.2k $919.2k 0.16% Reduced -1.8k -1,819
47 Security Financial Services, INC. 0.14% of their portfolio Fort Wayne, IN 14,10114.1k $910.8k $910.8k 0.14% Added +1.2k +1,158
48 Pallas Capital Advisors LLC 0.03% of their portfolio BRAINTREE, MA 13,95714.0k $901.5k $901.5k 0.03% Reduced -736 -736
49 Smart Money Group LLC 0.26% of their portfolio EASTLAND, TX 13,63013.6k $880.3k $880.3k 0.26% Reduced -2.1k -2,083
50 GREAT VALLEY ADVISOR GROUP, INC. 0.01% of their portfolio WILMINGTON, DE 11,82511.8k $763.5k $763.5k 0.01% Added +1 +1
51 Integrated Advisors Network LLC 0.04% of their portfolio DALLAS, TX 11,74811.7k $758.8k $758.8k 0.04% Reduced -983 -983
52 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 11,13611.1k $719.3k $719.3k 0.00% Added +1.3k +1,293
53 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 10,64910.6k $694.0k $694.0k 0.00% Reduced -5.2k -5,234
54 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 10,54110.5k $680.9k $680.9k 0.00% Reduced -416.6k -416,575
55 Focus Partners Advisor Solutions, LLC 0.01% of their portfolio SAINT LOUIS, MO 10,39610.4k $671.5k $671.5k 0.01% Reduced -24 -24
56 Cullen/Frost Bankers, Inc. 0.01% of their portfolio San Antonio, TX 10,29510.3k $665.0k $665.0k 0.01% Added +709 +709
57 CWM, LLC 0.00% of their portfolio OMAHA, NE 9,7859.8k $632.0k $632.0k 0.00% Added +4.1k +4,092
58 Avidian Wealth Enterprises, LLC 0.02% of their portfolio Houston, TX 9,7839.8k $631.9k $631.9k 0.02% Added +253 +253
59 Westside Investment Management, Inc. 0.10% of their portfolio SANTA MONICA, CA 9,6859.7k $625.6k $625.6k 0.10% Reduced -190 -190
60 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 9,6529.7k $623.4k $623.4k 0.01% Reduced -942 -942
61 Sigma Planning Corp 0.02% of their portfolio ANN ARBOR, MI 9,5779.6k $618.6k $618.6k 0.02% Added +601 +601
62 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 8,5158.5k $550.0k $550.0k 0.00% Added +733 +733
63 CARY STREET PARTNERS FINANCIAL LLC 0.01% of their portfolio RICHMOND, VA 8,4848.5k $548.0k $548.0k 0.01% Reduced -123 -123
64 Brookstone Capital Management 0.01% of their portfolio WHEATON, IL 8,4178.4k $543.6k $543.6k 0.01% Reduced -154 -154
65 Buttonwood Financial Group, LLC 0.33% of their portfolio Kansas City, MO 8,3988.4k $542.4k $542.4k 0.33% Added +522 +522
66 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 8,1878.2k $528.8k $528.8k 0.00% Added +15 +15
67 Betterment LLC 0.00% of their portfolio NEW YORK, NY 7,7227.7k $499.0k $499.0k 0.00% Added +662 +662
68 WESTBOURNE INVESTMENTS, INC. 0.22% of their portfolio ALEXANDRIA, VA 7,2887.3k $470.7k $470.7k 0.22% Added +949 +949
69 Strategic Advocates LLC 2.07% of their portfolio SACRAMENTO, CA 7,2287.2k $466.9k $466.9k 2.07% Reduced -689 -689
70 Savvy Advisors, Inc. 0.01% of their portfolio NEW YORK, NY 7,0617.1k $456.1k $456.1k 0.01% Added +684 +684
71 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 6,8616.9k $443.1k $443.1k 0.00% Added +564 +564
72 Mariner, LLC 0.00% of their portfolio Overland Park, KS 6,6636.7k $430.3k $430.3k 0.00% Reduced -1.2k -1,210
73 Cresset Asset Management, LLC 0.00% of their portfolio Chicago, IL 6,3046.3k $407.2k $407.2k 0.00% Unchanged
74 Stonebridge Financial Planning Group, LLC 0.15% of their portfolio ORLANDO, FL 6,2506.2k $403.7k $403.7k 0.15% Unchanged
75 Unified Investment Management 0.41% of their portfolio Atlanta, GA 6,1506.2k $397.2k $397.2k 0.41% Unchanged
76 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 6,0666.1k $391.8k $391.8k 0.00% New
77 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 6,0256.0k $389.2k $389.2k 0.00% Reduced -1.3k -1,285
78 Snider Financial Group 0.11% of their portfolio BELLEVUE, WA 5,7605.8k $372.0k $372.0k 0.11% Unchanged
79 Valley Financial Group, Inc. 0.19% of their portfolio AMBLER, PA 5,5585.6k $359.0k $359.0k 0.19% Reduced -244 -244
80 UBS Group AG 0.00% of their portfolio ZURICH, V8 5,5265.5k $356.9k $356.9k 0.00% Added +2.3k +2,275
81 Samalin Investment Counsel, LLC 0.13% of their portfolio CHAPPAQUA, NY 5,5175.5k $356.3k $356.3k 0.13% Added +3 +3
82 RFG Advisory, LLC 0.01% of their portfolio BIRMINGHAM, AL 5,4805.5k $354.0k $354.0k 0.01% New
83 KINGSWOOD WEALTH ADVISORS, LLC 0.02% of their portfolio SAN DIEGO, CA 5,3845.4k $347.7k $347.7k 0.02% Added +130 +130
84 Sovereign Financial Group, Inc. 0.06% of their portfolio STAMFORD, CT 5,1135.1k $330.2k $330.2k 0.06% Added +22 +22
85 Almanack Investment Partners, LLC. 0.05% of their portfolio WAYNE, PA 4,8594.9k $313.9k $313.9k 0.05% Added +200 +200
86 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 4,7834.8k $308.9k $308.9k 0.00% Added +139 +139
87 ARS Wealth Advisors Group, LLC 0.03% of their portfolio St. Petersburg, FL 4,7754.8k $308.4k $308.4k 0.03% Added +19 +19
88 Ascent Group, LLC 0.01% of their portfolio VIRGINIA BEACH, VA 4,6814.7k $302.3k $302.3k 0.01% Added +82 +82
89 World Investment Advisors 0.00% of their portfolio LINCROFT, NJ 4,5864.6k $296.2k $296.2k 0.00% Unchanged
90 Equitable Holdings, Inc. 0.00% of their portfolio NEW YORK, NY 4,5694.6k $305.0k $305.0k 0.00% Added +330 +330
91 JOHNSON INVESTMENT COUNSEL INC 0.00% of their portfolio Cincinnati, OH 4,5164.5k $291.7k $291.7k 0.00% Reduced -2 -2
92 CITIZENS FINANCIAL GROUP INC/RI 0.00% of their portfolio PROVIDENCE, RI 4,4974.5k $290.5k $290.5k 0.00% Unchanged
93 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 4,1684.2k $270.5k $270.5k 0.00% Reduced -1.7k -1,732
94 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 4,1524.2k $268.2k $268.2k 0.00% Reduced -568 -568
95 Independent Advisor Alliance 0.00% of their portfolio CHARLOTTE, NC 4,1154.1k $265.8k $265.8k 0.00% New
96 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 3,8563.9k $249.1k $249.1k 0.00% Added +3.8k +3,773
97 JB Capital LLC 0.01% of their portfolio WETHERSFIELD, CT 3,6223.6k $233.9k $233.9k 0.01% Added +11 +11
98 Aviance Capital Partners, LLC 0.03% of their portfolio NAPLES, FL 3,5463.5k $229.0k $229.0k 0.03% Unchanged
99 AMG National Trust Bank 0.00% of their portfolio GREENWOOD VILLAGE, CO 3,5423.5k $228.8k $228.8k 0.00% Added +9 +9
100 GDS Wealth Management 0.01% of their portfolio FLOWER MOUND, TX 3,5063.5k $226.5k $226.5k 0.01% New