Vault-13

FIDELITY COVINGTON TRUST FREL

MSCI RL EST ETF · ETP · CUSIP 316092857

211 institutional holders +6 vs Q1 2026
29,047,98929.0m shares reported held*
$852.1mreported value*
31 new 88 added 60 reduced 24 sold out net bought ≈ $11.6m (+395.0k 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 ($28.1k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $29.34.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 192Q4 22: 196Q1 23: 196Q2 23: 200Q3 23: 179Q4 23: 207Q1 24: 204Q2 24: 202Q3 24: 204Q4 24: 212Q1 25: 204Q2 25: 213Q3 25: 212Q4 25: 215Q1 26: 205Q2 26: 211211Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 2022192
Q4 2022196
Q1 2023196
Q2 2023200
Q3 2023179
Q4 2023207
Q1 2024204
Q2 2024202
Q3 2024204
Q4 2024212
Q1 2025204
Q2 2025213
Q3 2025212
Q4 2025215
Q1 2026205
Q2 2026211

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 24: 99 bought or addedQ3 24: 84 cut or sold outQ4 24: 104 bought or addedQ4 24: 88 cut or sold outQ4 24Q1 25: 106 bought or addedQ1 25: 83 cut or sold outQ2 25: 95 bought or addedQ2 25: 89 cut or sold outQ2 25Q3 25: 120 bought or addedQ3 25: 71 cut or sold outQ4 25: 122 bought or addedQ4 25: 75 cut or sold outQ4 25Q1 26: 110 bought or addedQ1 26: 74 cut or sold outQ2 26: 119 bought or addedQ2 26: 84 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20249984
Q4 202410488
Q1 202510683
Q2 20259589
Q3 202512071
Q4 202512275
Q1 202611074
Q2 202611984

Biggest buyers

Diversify Advisory Services, LLC New +348,236+348.2k
BANK OF AMERICA CORP /DE/ Added +205,508+205.5k
EP Wealth Advisors, LLC New +145,026+145.0k
Cambridge Investment Research Advisors, Inc. Added +113,014+113.0k
NorthCoast Asset Management LLC New +81,922+81.9k
Global View Capital Management LLC New +76,656+76.7k
Black Diamond Financial, LLC Added +70,035+70.0k
Pasadena Private Wealth, LLC Added +69,428+69.4k
MAI Capital Management Added +61,874+61.9k
RAYMOND JAMES FINANCIAL INC Added +58,165+58.2k

Biggest sellers

TWO SIGMA INVESTMENTS, LP Sold out -575,000-575.0k
Rehmann Capital Advisory Group Reduced -192,105-192.1k
CITIZENS & NORTHERN CORP Reduced -166,299-166.3k
ENVESTNET ASSET MANAGEMENT INC Reduced -128,586-128.6k
PNC Financial Services Group, Inc. Reduced -65,423-65.4k
UBS Group AG Reduced -62,844-62.8k
Lido Advisors, LLC Reduced -45,492-45.5k
CITADEL ADVISORS LLC Sold out -32,100-32.1k
Tower Research Capital LLC (TRC) Sold out -28,172-28.2k
ROYAL BANK OF CANADA Reduced -28,081-28.1k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 10,474,15110.5m $306.9m $306.9m 0.02% Added +205.5k +205,508
2 Lido Advisors, LLC 0.12% of their portfolio Los Angeles, CA 1,113,1261.1m $32.6m $32.6m 0.12% Reduced -45.5k -45,492
3 CITIZENS & NORTHERN CORP 6.38% of their portfolio WELLSBORO, PA 953,634953.6k $27.9m $27.9m 6.38% Reduced -166.3k -166,299
4 Black Diamond Financial, LLC 2.32% of their portfolio TOWSON, MD 897,336897.3k $26.3m $26.3m 2.32% Added +70.0k +70,035
5 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 869,139869.1k $25.5m $25.5m 0.01% Added +18.8k +18,784
6 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 834,747834.7k $24.5m $24.5m 0.01% Reduced -128.6k -128,586
7 MAI Capital Management 0.08% of their portfolio INDEPENDENCE, OH 751,885751.9k $22.0m $22.0m 0.08% Added +61.9k +61,874
8 TRUEFG, LLC 4.84% of their portfolio CEDAR PARK, TX 707,277707.3k $20.7m $20.7m 4.84% Added +15.7k +15,655
9 PNC Financial Services Group, Inc. 0.01% of their portfolio Pittsburgh, PA 635,609635.6k $18.6m $18.6m 0.01% Reduced -65.4k -65,423
10 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 606,359606.4k $17.8m $17.8m 0.00% Added +17.9k +17,924
11 Riverpoint Wealth Management Holdings, LLC 3.09% of their portfolio CHICAGO, IL 574,099574.1k $16.8m $16.8m 3.09% Added +18.2k +18,241
12 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 550,820550.8k $16.1m $16.1m 0.02% Reduced -2.1k -2,092
13 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 414,726414.7k $12.2m $12.2m 0.01% Added +36.9k +36,888
14 Pure Financial Advisors, LLC 0.14% of their portfolio SAN DIEGO, CA 374,745374.7k $11.0m $11.0m 0.14% Reduced -11.9k -11,943
15 Diversify Advisory Services, LLC 0.18% of their portfolio SANDY, UT 348,236348.2k $10.6m $10.6m 0.18% New
16 DIVERSIFY WEALTH MANAGEMENT, LLC 0.18% of their portfolio SANDY, UT 348,236348.2k $10.6m $10.6m 0.18% Added +18.5k +18,542
17 Payne Capital Management, LLC 2.55% of their portfolio New York, NY 326,406326.4k $9.6m $9.6m 2.55% Added +14.1k +14,076
18 Pasadena Private Wealth, LLC 1.09% of their portfolio PASADENA, CA 290,004290.0k $8.5m $8.5m 1.09% Added +69.4k +69,428
19 Marotta Asset Management 1.33% of their portfolio CHARLOTTESVILLE, VA 271,595271.6k $8.0m $8.0m 1.33% Added +19.0k +19,029
20 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 251,290251.3k $7.4m $7.4m 0.02% Added +35.6k +35,616
21 AE Wealth Management LLC 0.03% of their portfolio TOPEKA, KS 242,504242.5k $7.1m $7.1m 0.03% Reduced -4.7k -4,726
22 Heck Capital Advisors, LLC 0.40% of their portfolio Rhinelander, WI 229,503229.5k $6.7m $6.7m 0.40% Reduced -6.4k -6,427
23 Dynamic Advisor Solutions LLC 0.18% of their portfolio PHOENIX, AZ 218,481218.5k $6.4m $6.4m 0.18% Added +9.7k +9,659
24 AGF MANAGEMENT LTD 0.02% of their portfolio TORONTO, A6 217,104217.1k $6.4m $6.4m 0.02% Added +3.7k +3,678
25 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 210,574210.6k $6.2m $6.2m 0.01% Reduced -23.8k -23,766
26 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 210,296210.3k $6.2m $6.2m 0.01% Added +113.0k +113,014
27 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 207,182207.2k $6.1m $6.1m 0.00% Added +58.2k +58,165
28 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 203,021203.0k $5.9m $5.9m 0.00% Reduced -9.1k -9,086
29 AMERICAN FINANCIAL & TAX STRATEGIES INC 2.64% of their portfolio NEW YORK, NY 199,554199.6k $5.8m $5.8m 2.64% Reduced -187 -187
30 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 188,778188.8k $5.5m $5.5m 0.00% Added +7.1k +7,131
31 Townsend Financial Planning, LLC 4.38% of their portfolio MT STERLING, KY 171,682171.7k $5.0m $5.0m 4.38% Added +349 +349
32 RFG Advisory, LLC 0.08% of their portfolio BIRMINGHAM, AL 167,965168.0k $4.9m $4.9m 0.08% Added +7.3k +7,310
33 Physician Wealth Advisors, Inc. 0.56% of their portfolio MIDVALE, UT 159,503159.5k $4.7m $4.7m 0.56% Reduced -437 -437
34 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 152,525152.5k $4.5m $4.5m 0.00% Reduced -3.3k -3,329
35 Steward Partners Investment Advisory, LLC 0.02% of their portfolio STAMFORD, CT 148,155148.2k $4.3m $4.3m 0.02% Added +22.0k +21,993
36 EP Wealth Advisors, LLC 0.02% of their portfolio TORRANCE, CA 145,026145.0k $4.2m $4.2m 0.02% New
37 Essential Planning, LLC. 1.12% of their portfolio PORTSMOUTH, NH 135,769135.8k $4.0m $4.0m 1.12% Added +849 +849
38 Financial Engines Advisors L.L.C. 0.01% of their portfolio SANTA CLARA, CA 133,050133.1k $3.9m $3.9m 0.01% Reduced -1.4k -1,367
39 Prospect Financial Group LLC 2.94% of their portfolio ARLINGTON, VA 124,636124.6k $3.7m $3.7m 2.94% Added +7.7k +7,655
40 Independent Solutions Wealth Management, LLC 0.44% of their portfolio Williamsville, NY 115,332115.3k $3.4m $3.4m 0.44% Added +1.0k +1,027
41 SigFig Wealth Management, LLC 0.09% of their portfolio SAN FRANCISCO, CA 113,284113.3k $3.4m $3.4m 0.09% Reduced -1.3k -1,310
42 Mariner, LLC 0.00% of their portfolio Overland Park, KS 111,416111.4k $3.3m $3.3m 0.00% Reduced -13.3k -13,261
43 PARK AVENUE SECURITIES LLC 0.02% of their portfolio NEW YORK, NY 108,642108.6k $3.2m $3.2m 0.02% Added +16.1k +16,114
44 SACHEM HILL LLC 0.47% of their portfolio DENVER, CO 91,09891.1k $2.7m $2.7m 0.47% Added +450 +450
45 Livet Wealth, LLC 1.52% of their portfolio SALT LAKE CITY, UT 89,66789.7k $2.6m $2.6m 1.52% Added +2.5k +2,465
46 LODESTAR PRIVATE ASSET MANAGEMENT LLC 0.22% of their portfolio ALAMO, CA 87,01187.0k $2.5m $2.5m 0.22% Added +5.3k +5,335
47 UBS Group AG 0.00% of their portfolio ZURICH, V8 82,17782.2k $2.4m $2.4m 0.00% Reduced -62.8k -62,844
48 NorthCoast Asset Management LLC 0.05% of their portfolio STAMFORD, CT 81,92281.9k $2.4m $2.4m 0.05% New
49 RAFFA WEALTH MANAGEMENT, LLC 0.30% of their portfolio WASHINGTON, DC 81,79581.8k $2.4m $2.4m 0.30% Added +11.4k +11,363
50 Sachetta, LLC 1.16% of their portfolio LYNNFIELD, MA 81,58681.6k $2.4m $2.4m 1.16% Added +7.4k +7,366
51 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 79,67179.7k $2.3m $2.3m 0.00% Added +6.4k +6,379
52 NWAM LLC 0.12% of their portfolio MERCER ISLAND, WA 79,06379.1k $2.3m $2.3m 0.12% Added +2.4k +2,447
53 Beckerman Institutional, LLC 1.08% of their portfolio OCEAN GROVE, NJ 77,11977.1k $2.3m $2.3m 1.08% Added +7.0k +7,011
54 Global View Capital Management LLC 0.46% of their portfolio WAUKESHA, WI 76,65676.7k $2.2m $2.2m 0.46% New
55 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 76,37776.4k $2.2m $2.2m 0.00% Reduced -28.1k -28,081
56 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 71,95572.0k $2.1m $2.1m 0.00% Reduced -7.2k -7,205
57 SUMMIT WEALTH GROUP LLC / CO 0.17% of their portfolio COLORADO SPRINGS, CO 69,03569.0k $2.0m $2.0m 0.17% Added +15.8k +15,770
58 Eagle Bay Advisors LLC 1.49% of their portfolio NEW YORK, NY 68,05368.1k $2.0m $2.0m 1.49% Added +13.4k +13,398
59 Fifth Third Securities, Inc. 0.11% of their portfolio Cincinnati, OH 65,51065.5k $1.9m $1.9m 0.11% Added +434 +434
60 Palisades Hudson Asset Management, L.P. 0.65% of their portfolio FORT LAUDERDALE, FL 63,13063.1k $1.9m $1.9m 0.65% Added +446 +446
61 Asset Management Group, Inc. 0.27% of their portfolio STAMFORD, CT 63,02963.0k $1.8m $1.8m 0.27% Added +385 +385
62 Tortoise Investment Management, LLC 0.14% of their portfolio WHITE PLAINS, NY 62,87462.9k $1.8m $1.8m 0.14% Added +4.3k +4,350
63 Atria Investments, Inc 0.02% of their portfolio Charlotte, NC 61,44361.4k $1.8m $1.8m 0.02% Added +13.5k +13,462
64 Birchcreek Wealth Management, LLC 0.69% of their portfolio MIAMI TOWNSHIP, OH 60,59260.6k $1.8m $1.8m 0.69% Added +3.3k +3,316
65 Marks Group Wealth Management, Inc 0.14% of their portfolio MINNETONKA, MN 55,55955.6k $1.6m $1.6m 0.14% Unchanged
66 HF Advisory Group, LLC 0.50% of their portfolio Annapolis, MD 55,03655.0k $1.6m $1.6m 0.50% Added +1.2k +1,242
67 Beaumont Financial Advisors, LLC 0.10% of their portfolio NEEDHAM, MA 55,00855.0k $1.6m $1.6m 0.10% Reduced -6.0k -5,950
68 Soltis Investment Advisors LLC 0.09% of their portfolio ST. GEORGE, UT 54,38754.4k $1.6m $1.6m 0.09% Reduced -302 -302
69 Farther Finance Advisors, LLC 0.01% of their portfolio SAN FRANCISCO, CA 52,57752.6k $1.5m $1.5m 0.01% Reduced -5.2k -5,191
70 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 49,17849.2k $1.4m $1.4m 0.00% Added +966 +966
71 Rehmann Capital Advisory Group 0.06% of their portfolio LANSING, MI 48,08548.1k $1.4m $1.4m 0.06% Reduced -192.1k -192,105
72 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 45,79245.8k $1.3m $1.3m 0.00% Reduced -1.7k -1,741
73 Savvy Advisors, Inc. 0.03% of their portfolio NEW YORK, NY 45,28645.3k $1.3m $1.3m 0.03% Reduced -9.6k -9,551
74 21 West Wealth Management LLC 1.12% of their portfolio TUSTIN, CA 44,74144.7k $1.3m $1.3m 1.12% Added +27 +27
75 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 44,61544.6k $1.3m $1.3m 0.00% Reduced -10.6k -10,593
76 J.W. COLE ADVISORS, INC. 0.02% of their portfolio TAMPA, FL 40,67540.7k $1.2m $1.2m 0.02% New
77 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 40,33040.3k $1.2m $1.2m 0.00% Added +27.1k +27,078
78 SMITH, MOORE & CO. 0.08% of their portfolio CLAYTON, MO 39,93139.9k $1.2m $1.2m 0.08% Reduced -350 -350
79 Life Planning Partners, Inc 0.81% of their portfolio JACKSONVILLE, FL 37,23237.2k $1.1m $1.1m 0.81% Reduced -3.7k -3,660
80 Glass Jacobson Investment Advisors llc 0.33% of their portfolio OWINGS MILLS, MD 36,48536.5k $1.1m $1.1m 0.33% Added +1.6k +1,616
81 Northwest Wealth Advisors, LLC 0.60% of their portfolio BELLINGHAM, WA 35,68535.7k $1.0m $1.0m 0.60% Added +4.3k +4,324
82 PKS Advisory Services, LLC 0.16% of their portfolio ALBANY, NY 34,20134.2k $1.0m $1.0m 0.16% Added +83 +83
83 Rather & Kittrell, Inc. 0.14% of their portfolio Knoxville, TN 33,47333.5k $980.8k $980.8k 0.14% Reduced -133 -133
84 INTEGRATED CAPITAL MANAGEMENT, INC. 0.68% of their portfolio JESSUP, PA 33,32433.3k $976.4k $976.4k 0.68% Added +2.1k +2,060
85 BLUE JEAN FINANCIAL LLC 0.68% of their portfolio ALBANY, NY 33,20333.2k $972.8k $972.8k 0.68% New
86 FMR LLC 0.00% of their portfolio BOSTON, MA 31,87631.9k $934.0k $934.0k 0.00% Added +16.6k +16,565
87 Integrated Investment Consultants, LLC 0.18% of their portfolio BLOOMFIELD HILLS, MI 31,00031.0k $908.3k $908.3k 0.18% Unchanged
88 Fort Point Capital Partners LLC 0.10% of their portfolio San Francisco, CA 30,96931.0k $907.4k $907.4k 0.10% Added +1.0k +1,042
89 New England Private Wealth Advisors LLC 0.09% of their portfolio WELLESLEY, MA 30,33330.3k $927.9k $927.9k 0.09% Added +5.3k +5,301
90 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 28,87428.9k $846.0k $846.0k 0.00% Added +2.3k +2,331
91 BALANCED WEALTH GROUP LLC 0.26% of their portfolio WESTLAKE, OH 28,38728.4k $831.8k $831.8k 0.26% Added +264 +264
92 Savant Capital, LLC 0.00% of their portfolio ROCKFORD, IL 27,51127.5k $806.1k $806.1k 0.00% New
93 Gladstone Institutional Advisory LLC 0.02% of their portfolio Bedminster, NJ 26,96027.0k $789.9k $789.9k 0.02% Added +1.8k +1,800
94 Fingerlakes Wealth Management, Inc. 0.41% of their portfolio ITHACA, NY 25,72225.7k $753.6k $753.6k 0.41% Added +1.7k +1,659
95 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 25,55825.6k $748.8k $748.8k 0.00% Added +1.6k +1,609
96 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 24,75924.8k $738.6k $738.6k 0.00% Reduced -8.3k -8,274
97 Global Retirement Partners, LLC 0.01% of their portfolio San Rafael, CA 24,58124.6k $720.2k $720.2k 0.01% First filing
98 IFP Advisors, Inc 0.01% of their portfolio TAMPA, FL 24,57324.6k $720.0k $720.0k 0.01% Reduced -344 -344
99 SYKON CAPITAL LLC 0.21% of their portfolio HARRISON, NY 23,79023.8k $697.0k $697.0k 0.21% New
100 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio Stamford, CT 23,73823.7k $695.5k $695.5k 0.00% Reduced -5.4k -5,394