Vault-13

FIDELITY COVINGTON TRUST FREL

MSCI RL EST ETF · ETP · CUSIP 316092857

200 institutional holders +4 vs Q1 2023
15,379,62015.4m shares reported held*
$385.8mreported value*
21 new 71 added 72 reduced 15 sold out net sold ≈ $115.2m (-4.6m 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. Holder counts are more reliable. Implied quarter-end price ≈ $25.09.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 192Q4 22: 196Q1 23: 196Q2 23: 200200Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022192
Q4 2022196
Q1 2023196
Q2 2023200

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 22: 94 bought or addedQ4 22: 87 cut or sold outQ4 22Q1 23: 92 bought or addedQ1 23: 85 cut or sold outQ1 23Q2 23: 92 bought or addedQ2 23: 87 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20229487
Q1 20239285
Q2 20239287

Biggest buyers

Dynamic Advisor Solutions LLC Added +83,111+83.1k
Lido Advisors, LLC Added +74,811+74.8k
AE Wealth Management LLC Added +64,656+64.7k
MAI Capital Management Added +49,960+50.0k
CITIZENS & NORTHERN CORP Added +43,341+43.3k
JANE STREET GROUP, LLC Added +42,342+42.3k
TRUEFG, LLC Added +40,288+40.3k
DFPG INVESTMENTS, LLC New +38,677+38.7k
Thrivent Financial for Lutherans New +34,345+34.3k
S&T Bank/PA New +28,410+28.4k

Biggest sellers

PNC Financial Services Group, Inc. Reduced -3,768,880-3.8m
ADAMSBROWN WEALTH CONSULTANTS LLC Reduced -176,315-176.3k
ENVESTNET ASSET MANAGEMENT INC Reduced -172,984-173.0k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -146,266-146.3k
ROYAL BANK OF CANADA Reduced -139,862-139.9k
Sigma Planning Corp Reduced -94,802-94.8k
CX Institutional Reduced -92,770-92.8k
Crestwood Advisors Group, LLC Reduced -85,044-85.0k
Curi Wealth Management, LLC Reduced -76,199-76.2k
Brookstone Capital Management Reduced -71,971-72.0k

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 PNC Financial Services Group, Inc. 0.07% of their portfolio Pittsburgh, PA 3,198,0653.2m $80.2m $80.2m 0.07% Reduced -3.8m -3,768,880
2 Lido Advisors, LLC 0.23% of their portfolio Los Angeles, CA 826,576826.6k $20.7m $20.7m 0.23% Added +74.8k +74,811
3 Riverpoint Wealth Management Holdings, LLC 5.88% of their portfolio CHICAGO, IL 739,240739.2k $18.5m $18.5m 5.88% Added +7.6k +7,633
4 CITIZENS & NORTHERN CORP 6.32% of their portfolio WELLSBORO, PA 666,645666.6k $16.7m $16.7m 6.32% Added +43.3k +43,341
5 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 541,652541.7k $13.6m $13.6m 0.03% Reduced -146.3k -146,266
6 Pure Financial Advisors, LLC 0.53% of their portfolio SAN DIEGO, CA 493,635493.6k $12.4m $12.4m 0.53% Reduced -4.3k -4,292
7 TRUEFG, LLC 5.08% of their portfolio CEDAR PARK, TX 470,982471.0k $11.8m $11.8m 5.08% Added +40.3k +40,288
8 MAI Capital Management 0.15% of their portfolio INDEPENDENCE, OH 415,949415.9k $10.4m $10.4m 0.15% Added +50.0k +49,960
9 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 321,095321.1k $8.1m $8.1m 0.01% Reduced -5.5k -5,469
10 Black Diamond Financial, LLC 2.28% of their portfolio TOWSON, MD 306,392306.4k $7.7m $7.7m 2.28% Added +25.4k +25,396
11 AE Wealth Management LLC 0.05% of their portfolio TOPEKA, KS 300,766300.8k $7.5m $7.5m 0.05% Added +64.7k +64,656
12 AVANTAX ADVISORY SERVICES, INC. 0.08% of their portfolio DALLAS, TX 267,954268.0k $6.7m $6.7m 0.08% Added +22.1k +22,060
13 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 264,969265.0k $6.6m $6.6m 0.00% Added +11.1k +11,145
14 Full Sail Capital, LLC 0.55% of their portfolio OKLAHOMA CITY, OK 256,483256.5k $6.4m $6.4m 0.55% Reduced -16.9k -16,895
15 Physician Wealth Advisors, Inc. 1.32% of their portfolio MIDVALE, UT 210,359210.4k $5.3m $5.3m 1.32% Added +3.3k +3,298
16 Financial Engines Advisors L.L.C. 0.01% of their portfolio SANTA CLARA, CA 186,751186.8k $4.7m $4.7m 0.01% Added +6.2k +6,167
17 Dynamic Advisor Solutions LLC 0.24% of their portfolio PHOENIX, AZ 185,252185.3k $4.6m $4.6m 0.24% Added +83.1k +83,111
18 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 171,475171.5k $4.3m $4.3m 0.01% Reduced -18.5k -18,451
19 Blue Trust, Inc. 0.06% of their portfolio BRENTWOOD, TN 160,097160.1k $4.0m $4.0m 0.06% Reduced -63.0k -62,955
20 Soltis Investment Advisors LLC 0.46% of their portfolio ST. GEORGE, UT 159,051159.1k $4.0m $4.0m 0.46% Reduced -2.2k -2,166
21 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 150,469150.5k $3.8m $3.8m 0.00% Reduced -37.3k -37,336
22 SACHEM HILL LLC 0.98% of their portfolio DENVER, CO 142,396142.4k $3.6m $3.6m 0.98% Added +18.9k +18,941
23 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 142,191142.2k $3.6m $3.6m 0.01% Reduced -3.1k -3,087
24 LaSalle St. Investment Advisors, LLC 1.56% of their portfolio ELMHURST, IL 139,926139.9k $3.5m $3.5m 1.56% Added +8.8k +8,798
25 Independent Solutions Wealth Management, LLC 0.94% of their portfolio Williamsville, NY 139,092139.1k $3.5m $3.5m 0.94% Added +1.2k +1,245
26 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 137,105137.1k $3.4m $3.4m 0.00% Reduced -10.3k -10,296
27 Crestwood Advisors Group, LLC 0.10% of their portfolio BOSTON, MA 128,732128.7k $3.2m $3.2m 0.10% Reduced -85.0k -85,044
28 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 128,662128.7k $3.2m $3.2m 0.00% Added +42.3k +42,342
29 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 123,155123.2k $3.1m $3.1m 0.01% Reduced -1.3k -1,342
30 American Trust 0.20% of their portfolio LEXINGTON, KY 121,033121.0k $3.0m $3.0m 0.20% Reduced -9.8k -9,787
31 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 116,626116.6k $2.9m $2.9m 0.00% Reduced -173.0k -172,984
32 SigFig Wealth Management, LLC 0.11% of their portfolio SAN FRANCISCO, CA 114,494114.5k $2.9m $2.9m 0.11% Added +1.8k +1,843
33 Essential Planning, LLC. 1.63% of their portfolio PORTSMOUTH, NH 114,002114.0k $2.9m $2.9m 1.63% Added +4.5k +4,494
34 Galvin, Gaustad & Stein, LLC 0.25% of their portfolio Scottsdale, AZ 103,932103.9k $2.6m $2.6m 0.25% Added +6.3k +6,296
35 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 102,916102.9k $2.6m $2.6m 0.00% Added +16.4k +16,399
36 Tower Research Capital LLC (TRC) 0.08% of their portfolio NEW YORK, NY 95,05695.1k $2.4m $2.4m 0.08% Reduced -24.5k -24,476
37 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 91,11691.1k $2.3m $2.3m 0.00% Reduced -3.1k -3,122
38 RFG Advisory, LLC 0.10% of their portfolio BIRMINGHAM, AL 89,20489.2k $2.2m $2.2m 0.10% Added +4.5k +4,463
39 UBS Group AG 0.00% of their portfolio ZURICH, V8 87,08987.1k $2.2m $2.2m 0.00% Reduced -3.6k -3,611
40 Eagle Bay Advisors LLC 1.25% of their portfolio NEW YORK, NY 86,96787.0k $2.2m $2.2m 1.25% Added +6.2k +6,209
41 Opes Wealth Management LLC 0.61% of their portfolio MENLO PARK, CA 85,94585.9k $2.2m $2.2m 0.61% Added +23.0k +23,020
42 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 82,71782.7k $2.1m $2.1m 0.00% Reduced -2.4k -2,408
43 Asset Management Group, Inc. 0.42% of their portfolio STAMFORD, CT 78,13578.1k $2.0m $2.0m 0.42% Reduced -829 -829
44 Blue Barn Wealth, LLC 1.24% of their portfolio OREM, UT 76,30276.3k $1.9m $1.9m 1.24% Added +11.9k +11,943
45 Mutual Advisors, LLC 0.07% of their portfolio OMAHA, NE 72,74372.7k $1.8m $1.8m 0.07% Added +1.4k +1,355
46 Marotta Asset Management 0.40% of their portfolio CHARLOTTESVILLE, VA 71,76571.8k $1.8m $1.8m 0.40% First filing
47 Mariner, LLC 0.00% of their portfolio Overland Park, KS 68,51468.5k $1.7m $1.7m 0.00% Added +1.7k +1,729
48 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 67,65667.7k $1.7m $1.7m 0.01% Added +18.5k +18,463
49 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 66,78266.8k $1.7m $1.7m 0.00% Reduced -12.6k -12,639
50 Atria Investments, Inc 0.03% of their portfolio Charlotte, NC 61,77961.8k $1.6m $1.6m 0.03% Added +1.8k +1,788
51 FORTE ASSET MANAGEMENT LLC 0.95% of their portfolio BEDFORD, NY 58,22058.2k $1.5m $1.5m 0.95% Added +1.0k +1,044
52 LODESTAR PRIVATE ASSET MANAGEMENT LLC 0.22% of their portfolio ALAMO, CA 52,94552.9k $1.3m $1.3m 0.22% Reduced -4.0k -3,975
53 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 51,78651.8k $1.3m $1.3m 0.00% Reduced -995 -995
54 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 50,54450.5k $1.3m $1.3m 0.00% Reduced -44.1k -44,136
55 Cetera Advisor Networks LLC 0.01% of their portfolio EL SEGUNDO, CA 48,59748.6k $1.2m $1.2m 0.01% Added +3.0k +2,975
56 Wilmington Savings Fund Society, FSB 0.05% of their portfolio WILMINGTON, DE 48,47148.5k $1.2m $1.2m 0.05% Reduced -12.3k -12,326
57 Venturi Wealth Management, LLC 0.10% of their portfolio AUSTIN, TX 48,25948.3k $1.2m $1.2m 0.10% Reduced -3.1k -3,088
58 NWAM LLC 0.10% of their portfolio MERCER ISLAND, WA 47,20947.2k $1.2m $1.2m 0.10% Added +3.0k +3,032
59 Sigma Planning Corp 0.04% of their portfolio ANN ARBOR, MI 46,91646.9k $1.2m $1.2m 0.04% Reduced -94.8k -94,802
60 MISSION WEALTH MANAGEMENT, LP 0.04% of their portfolio Santa Barbara, CA 46,87746.9k $1.2m $1.2m 0.04% Reduced -4.3k -4,289
61 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 44,57644.6k $1.1m $1.1m 0.00% Reduced -139.9k -139,862
62 Apexium Financial, LP 0.10% of their portfolio Dallas, TX 43,69443.7k $1.1m $1.1m 0.10% Reduced -14.7k -14,709
63 Brookstone Capital Management 0.02% of their portfolio WHEATON, IL 43,40943.4k $1.1m $1.1m 0.02% Reduced -72.0k -71,971
64 Advisory Services Network, LLC 0.03% of their portfolio ATLANTA, GA 42,91442.9k $1.1m $1.1m 0.03% Added +114 +114
65 AtlasMark Financial, Inc 1.31% of their portfolio AUSTIN, TX 42,57342.6k $1.1m $1.1m 1.31% Reduced -1.6k -1,635
66 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 41,76841.8k $1.0m $1.0m 0.00% Added +11.0k +10,961
67 Integrated Investment Consultants, LLC 0.31% of their portfolio BLOOMFIELD HILLS, MI 39,16739.2k $982.7k $982.7k 0.31% Unchanged
68 DFPG INVESTMENTS, LLC 0.09% of their portfolio SANDY, UT 38,67738.7k $999.0k $999.0k 0.09% New
69 Rather & Kittrell, Inc. 0.40% of their portfolio Knoxville, TN 38,36438.4k $962.6k $962.6k 0.40% Reduced -1.4k -1,370
70 SMITH, MOORE & CO. 0.12% of their portfolio CLAYTON, MO 37,01937.0k $928.8k $928.8k 0.12% Unchanged
71 FIRST NATIONAL CORP /MA/ /ADV 0.22% of their portfolio ROCKLAND, MA 36,62436.6k $918.9k $918.9k 0.22% Reduced -57 -57
72 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 34,76434.8k $872.0k $872.0k 0.00% Reduced -4.8k -4,765
73 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 34,34534.3k $858.0k $858.0k 0.00% New
74 Cedar Wealth Management, LLC 0.30% of their portfolio LA JOLLA, CA 31,45231.5k $789.1k $789.1k 0.30% Added +405 +405
75 CW Advisors, LLC 0.02% of their portfolio BOSTON, MA 31,20831.2k $783.0k $783.0k 0.02% Reduced -4.2k -4,159
76 Glass Jacobson Investment Advisors llc 0.36% of their portfolio OWINGS MILLS, MD 30,93230.9k $776.1k $776.1k 0.36% First filing
77 LINCOLN NATIONAL CORP 0.02% of their portfolio RADNOR, PA 30,91430.9k $775.6k $775.6k 0.02% Reduced -20.0k -19,962
78 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 30,37630.4k $762.1k $762.1k 0.00% Reduced -10.0k -9,952
79 HBW ADVISORY SERVICES LLC 0.16% of their portfolio SIMI VALLEY, CA 30,18330.2k $757.0k $757.0k 0.16% Added +2.9k +2,941
80 Demars Financial Group, LLC 0.40% of their portfolio SPOKANE VALLEY, WA 28,79228.8k $722.4k $722.4k 0.40% Reduced -728 -728
81 S&T Bank/PA 0.13% of their portfolio Indiana, PA 28,41028.4k $713.0k $713.0k 0.13% New
82 Bard Financial Services, Inc. 0.05% of their portfolio BRANFORD, CT 26,46326.5k $664.0k $664.0k 0.05% Reduced -15.7k -15,709
83 HF Advisory Group, LLC 0.52% of their portfolio Annapolis, MD 26,11126.1k $655.1k $655.1k 0.52% Added +2.1k +2,132
84 Prostatis Group LLC 0.01% of their portfolio HANOVER, MD 26,06126.1k $28.9k $28.9k 0.01% New
85 Tufton Capital Management 0.13% of their portfolio HUNT VALLEY, MD 24,69424.7k $619.6k $619.6k 0.13% Reduced -139 -139
86 Capital Analysts, LLC 0.03% of their portfolio FORT WASHINGTON, PA 24,02624.0k $603.0k $603.0k 0.03% Added +1.1k +1,079
87 Birchcreek Wealth Management, LLC 0.40% of their portfolio MIAMI TOWNSHIP, OH 22,90522.9k $574.7k $574.7k 0.40% Added +6.0k +6,008
88 FOSTER & MOTLEY INC 0.04% of their portfolio CINCINNATI, OH 22,10422.1k $555.0k $555.0k 0.04% Added +6.3k +6,341
89 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 22,02422.0k $552.6k $552.6k 0.00% Reduced -1.2k -1,211
90 Atria Wealth Solutions, Inc. 0.01% of their portfolio NEW YORK, NY 21,59021.6k $541.7k $541.7k 0.01% Added +131 +131
91 Colonial Trust Advisors 0.06% of their portfolio SPARTANBURG, SC 21,04921.0k $528.1k $528.1k 0.06% Added +53 +53
92 ADAMSBROWN WEALTH CONSULTANTS LLC 0.27% of their portfolio WICHITA, KS 20,39120.4k $511.6k $511.6k 0.27% Reduced -176.3k -176,315
93 J.W. COLE ADVISORS, INC. 0.04% of their portfolio TAMPA, FL 20,39020.4k $511.6k $511.6k 0.04% Reduced -30.2k -30,158
94 NorthLanding Financial Partners, LLC 0.65% of their portfolio ROCHESTER, NY 20,02320.0k $502.4k $502.4k 0.65% Reduced -12.0k -12,027
95 Sunbelt Securities, Inc. 0.07% of their portfolio HOUSTON, TX 19,70219.7k $494.3k $494.3k 0.07% Added +7.0k +7,004
96 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 18,87818.9k $473.6k $473.6k 0.00% Reduced -7.9k -7,918
97 Rehmann Capital Advisory Group 0.04% of their portfolio LANSING, MI 18,32618.3k $459.8k $459.8k 0.04% Added +452 +452
98 Keel Point, LLC 0.06% of their portfolio HUNTSVILLE, AL 18,01218.0k $451.9k $451.9k 0.06% Added +10.0k +9,955
99 Smith Salley Wealth Management 0.03% of their portfolio GREENSBORO, NC 17,79917.8k $446.6k $446.6k 0.03% Added +1.2k +1,181
100 Investmark Advisory Group LLC 0.30% of their portfolio Shelton, CT 17,64717.6k $442.8k $442.8k 0.30% Added +2.1k +2,138