Vault-13

FIDELITY COVINGTON TRUST FMAT

MSCI MATLS INDEX · ETP · CUSIP 316092881

110 institutional holders -1 vs Q1 2025
3,204,2903.2m shares reported held*
$159.7mreported value*
10 new 31 added 42 reduced 12 sold out net sold ≈ $16.5m (-330.0k 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 ($287.7k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $49.84.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 89Q4 22: 106Q1 23: 107Q2 23: 98Q3 23: 105Q4 23: 116Q1 24: 109Q2 24: 106Q3 24: 112Q4 24: 112Q1 25: 111Q2 25: 110110Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202289
Q4 2022106
Q1 2023107
Q2 202398
Q3 2023105
Q4 2023116
Q1 2024109
Q2 2024106
Q3 2024112
Q4 2024112
Q1 2025111
Q2 2025110

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 46 bought or addedQ3 23: 42 cut or sold outQ4 23: 53 bought or addedQ4 23: 46 cut or sold outQ4 23Q1 24: 51 bought or addedQ1 24: 44 cut or sold outQ2 24: 50 bought or addedQ2 24: 44 cut or sold outQ2 24Q3 24: 59 bought or addedQ3 24: 37 cut or sold outQ4 24: 48 bought or addedQ4 24: 50 cut or sold outQ4 24Q1 25: 55 bought or addedQ1 25: 53 cut or sold outQ2 25: 41 bought or addedQ2 25: 54 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20234642
Q4 20235346
Q1 20245144
Q2 20245044
Q3 20245937
Q4 20244850
Q1 20255553
Q2 20254154

Calls vs puts

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

CallsPuts
$0$20k$40k$60k$80kQ3 24 calls: $65.0kQ3 24 puts: $0Q3 24P/C 0.00Q4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $43.5kQ1 25 puts: $14.5kQ1 25P/C 0.33Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —
Numbers
QuarterCallsPutsP/C
Q3 2024$65.0k$00.00
Q4 2024$0$0—
Q1 2025$43.5k$14.5k0.33
Q2 2025$0$0—

Biggest buyers

AGF MANAGEMENT LTD Added +76,078+76.1k
Steward Partners Investment Advisory, LLC Added +55,032+55.0k
NorthCoast Asset Management LLC Added +33,876+33.9k
Lido Advisors, LLC Added +27,172+27.2k
PRINCIPAL SECURITIES, INC. New +11,390+11.4k
Centerline Wealth Advisors, LLC Added +6,924+6.9k
ROYAL BANK OF CANADA Added +6,113+6.1k
AE Wealth Management LLC Added +5,781+5.8k
VICUS CAPITAL New +5,014+5.0k
GWN SECURITIES INC. New +4,748+4.7k

Biggest sellers

ENVESTNET ASSET MANAGEMENT INC Reduced -104,379-104.4k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -103,917-103.9k
Cetera Investment Advisers Reduced -62,572-62.6k
Advisory Services Network, LLC Reduced -44,268-44.3k
LPL Financial LLC Reduced -38,338-38.3k
CITADEL ADVISORS LLC Reduced -35,655-35.7k
WELLS FARGO & COMPANY/MN Reduced -34,377-34.4k
JPMORGAN CHASE & CO Reduced -25,793-25.8k
Sachetta, LLC Reduced -23,451-23.5k
Certified Advisory Corp Reduced -20,868-20.9k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 AE Wealth Management LLC 0.33% of their portfolio TOPEKA, KS 915,330915.3k $45.6m $45.6m 0.33% Added +5.8k +5,781
2 Lido Advisors, LLC 0.15% of their portfolio Los Angeles, CA 573,567573.6k $28.6m $28.6m 0.15% Added +27.2k +27,172
3 Centerline Wealth Advisors, LLC 4.28% of their portfolio LOUISVILLE, KY 174,962175.0k $8.7m $8.7m 4.28% Added +6.9k +6,924
4 AGF MANAGEMENT LTD 0.04% of their portfolio TORONTO, A6 159,257159.3k $7.9m $7.9m 0.04% Added +76.1k +76,078
5 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 92,66292.7k $4.6m $4.6m 0.00% Reduced -38.3k -38,338
6 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 78,12678.1k $3.9m $3.9m 0.01% Reduced -10.8k -10,776
7 Certified Advisory Corp 0.38% of their portfolio ALTAMONTE SPRINGS, FL 73,98974.0k $3.7m $3.7m 0.38% Reduced -20.9k -20,868
8 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 57,02557.0k $2.9m $2.9m 0.01% Added +3.3k +3,272
9 Steward Partners Investment Advisory, LLC 0.02% of their portfolio STAMFORD, CT 55,26355.3k $2.8m $2.8m 0.02% Added +55.0k +55,032
10 NorthCoast Asset Management LLC 0.01% of their portfolio STAMFORD, CT 55,05155.1k $2.7m $2.7m 0.01% Added +33.9k +33,876
11 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 50,00050.0k $2.5m $2.5m 0.00% Reduced -589 -589
12 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 48,56948.6k $2.4m $2.4m 0.00% Reduced -2.2k -2,202
13 Peak Financial Management, Inc. 0.58% of their portfolio WELLESLEY, MA 40,75940.8k $2.0m $2.0m 0.58% Reduced -3.9k -3,917
14 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 34,58534.6k $1.7m $1.7m 0.00% Reduced -34.4k -34,377
15 Modern Wealth Management, LLC 0.04% of their portfolio KANSAS CITY, MO 32,77832.8k $1.6m $1.6m 0.04% Reduced -3.7k -3,687
16 Lifeworks Advisors, LLC 0.24% of their portfolio GRAND RAPIDS, MI 32,28832.3k $1.6m $1.6m 0.24% Added +3.1k +3,118
17 MATHER GROUP, LLC. 0.02% of their portfolio CHICAGO, IL 32,07632.1k $1.6m $1.6m 0.02% Unchanged
18 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 31,86231.9k $1.6m $1.6m 0.00% Reduced -104.4k -104,379
19 Sunbelt Securities, Inc. 0.13% of their portfolio HOUSTON, TX 30,99131.0k $1.5m $1.5m 0.13% Reduced -1.3k -1,281
20 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 30,66530.7k $1.5m $1.5m 0.00% Reduced -2.5k -2,477
21 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 30,40930.4k $1.5m $1.5m 0.00% Reduced -35.7k -35,655
22 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 26,22926.2k $1.3m $1.3m 0.00% Reduced -286 -286
23 J.W. COLE ADVISORS, INC. 0.03% of their portfolio TAMPA, FL 26,20626.2k $1.3m $1.3m 0.03% Added +4.1k +4,099
24 Elevated Capital Advisors, LLC 0.30% of their portfolio SANDY, UT 22,49722.5k $1.1m $1.1m 0.30% Unchanged
25 Yoder Wealth Management, Inc. 0.58% of their portfolio WALNUT CREEK, CA 22,27522.3k $1.1m $1.1m 0.58% Added +1.0k +1,042
26 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 20,94920.9k $1.0m $1.0m 0.00% Reduced -103.9k -103,917
27 TOUNJIAN ADVISORY PARTNERS, LLC 0.19% of their portfolio FORT MYERS, FL 20,51220.5k $991.2k $991.2k 0.19% Reduced -314 -314
28 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 19,87419.9k $991.1k $991.1k 0.00% Added +2.3k +2,319
29 PENOBSCOT WEALTH MANAGEMENT 0.35% of their portfolio PORTLAND, ME 19,71219.7k $983.0k $983.0k 0.35% Added +2.3k +2,345
30 Trail Ridge Investment Advisors, LLC 0.45% of their portfolio FORT COLLINS, CO 18,90118.9k $943.2k $943.2k 0.45% Reduced -350 -350
31 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 18,07918.1k $902.0k $902.0k 0.00% Added +1.2k +1,168
32 Wealthcare Advisory Partners LLC 0.02% of their portfolio WEST CHESTER, PA 17,88617.9k $892.0k $892.0k 0.02% Reduced -4.1k -4,116
33 Exchange Capital Management, Inc. 0.12% of their portfolio Ann Arbor, MI 16,54316.5k $825.0k $825.0k 0.12% Reduced -563 -563
34 SeaCrest Wealth Management, LLC 0.09% of their portfolio PURCHASE, NY 15,86215.9k $791.0k $791.0k 0.09% Added +384 +384
35 Maxele Advisors, LLC 0.68% of their portfolio WEBSTER GROVES, MO 15,65115.7k $780.5k $780.5k 0.68% Reduced -814 -814
36 Heck Capital Advisors, LLC 0.07% of their portfolio Rhinelander, WI 15,44515.4k $770.2k $770.2k 0.07% Added +291 +291
37 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 14,73914.7k $735.1k $735.1k 0.00% Reduced -62.6k -62,572
38 FMR LLC 0.00% of their portfolio BOSTON, MA 14,66014.7k $731.1k $731.1k 0.00% Added +3.0k +2,953
39 Smith Salley Wealth Management 0.04% of their portfolio GREENSBORO, NC 13,56313.6k $676.4k $676.4k 0.04% Added +67 +67
40 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 12,61312.6k $629.0k $629.0k 0.00% Reduced -25.8k -25,793
41 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 12,41712.4k $619.3k $619.3k 0.00% Reduced -2.1k -2,073
42 PRINCIPAL SECURITIES, INC. 0.01% of their portfolio DES MOINES, IA 11,39011.4k $568.0k $568.0k 0.01% New
43 LEVEL FOUR ADVISORY SERVICES, LLC 0.02% of their portfolio DALLAS, TX 11,24811.2k $560.9k $560.9k 0.02% Unchanged
44 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 10,78810.8k $538.0k $538.0k 0.00% Added +6.1k +6,113
45 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 10,46910.5k $522.1k $522.1k 0.00% Reduced -1.3k -1,295
46 LYNCH & ASSOCIATES/IN 0.10% of their portfolio EVANSVILLE, IN 10,27810.3k $512.6k $512.6k 0.10% Added +439 +439
47 Snowden Capital Advisors LLC 0.01% of their portfolio New York, NY 9,5649.6k $477.0k $477.0k 0.01% Reduced -1.0k -1,040
48 ABSOLUTE CAPITAL MANAGEMENT, LLC 0.23% of their portfolio Pittsburgh, PA 9,3149.3k $464.5k $464.5k 0.23% Reduced -558 -558
49 SCS Capital Management LLC 0.01% of their portfolio BOSTON, MA 9,2359.2k $460.5k $460.5k 0.01% Unchanged
50 Atria Wealth Solutions, Inc. 0.01% of their portfolio NEW YORK, NY 8,6388.6k $446.8k $446.8k 0.01% Added +506 +506
51 KDK Private Wealth Management, LLC 0.39% of their portfolio Houston, TX 7,2657.3k $362.2k $362.2k 0.39% Reduced -205 -205
52 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 6,6816.7k $333.2k $333.2k 0.00% Added +11 +11
53 Mariner, LLC 0.00% of their portfolio Overland Park, KS 6,3376.3k $316.0k $316.0k 0.00% Reduced -495 -495
54 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 6,2326.2k $311.0k $311.0k 0.00% Added +920 +920
55 Essex Financial Services, Inc. 0.02% of their portfolio ESSEX, CT 6,1366.1k $306.0k $306.0k 0.02% Reduced -785 -785
56 Robertson Stephens Wealth Management, LLC 0.01% of their portfolio San Francisco, CA 5,2745.3k $263.0k $263.0k 0.01% Unchanged
57 UBS Group AG 0.00% of their portfolio ZURICH, V8 5,2005.2k $259.3k $259.3k 0.00% Added +1.6k +1,612
58 VICUS CAPITAL 0.02% of their portfolio STATE COLLEGE, PA 5,0145.0k $250.0k $250.0k 0.02% New
59 Beaumont Asset Management, L.L.C. 0.13% of their portfolio BEAUMONT, TX 4,9795.0k $248.3k $248.3k 0.13% Added +177 +177
60 SWEENEY & MICHEL, LLC 0.09% of their portfolio CHICO, CA 4,9164.9k $254.6k $254.6k 0.09% Added +19 +19
61 WEALTHGARDEN F.S. LLC 0.20% of their portfolio EL SEGUNDO, CA 4,8554.9k $242.3k $242.3k 0.20% Reduced -871 -871
62 GWN SECURITIES INC. 0.04% of their portfolio Palm Beach Gardens, FL 4,7484.7k $237.3k $237.3k 0.04% New
63 Centennial Wealth Advisory LLC 0.08% of their portfolio Traverse City, MI 4,7064.7k $235.9k $235.9k 0.08% Reduced -383 -383
64 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 4,6654.7k $232.7k $232.7k 0.00% Reduced -2.5k -2,541
65 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 4,3444.3k $216.7k $216.7k 0.00% Reduced -44.3k -44,268
66 Tower Research Capital LLC (TRC) 0.01% of their portfolio NEW YORK, NY 3,9093.9k $194.9k $194.9k 0.01% Reduced -8.2k -8,250
67 Rosenberg Matthew Hamilton 0.04% of their portfolio GRAND JUNCTION, CO 3,5723.6k $178.1k $178.1k 0.04% Unchanged
68 CWM, LLC 0.00% of their portfolio OMAHA, NE 3,1943.2k $159.0k $159.0k 0.00% Reduced -1.4k -1,366
69 Tortoise Investment Management, LLC 0.01% of their portfolio WHITE PLAINS, NY 2,5802.6k $128.7k $128.7k 0.01% Unchanged
70 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 2,5582.6k $127.6k $127.6k 0.00% Added +8 +8
71 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 2,5442.5k $126.8k $126.8k 0.00% Added +7 +7
72 Avondale Wealth Management 0.07% of their portfolio WEST LAKE HILLS, TX 2,4962.5k $124.5k $124.5k 0.07% Unchanged
73 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio Stamford, CT 2,2202.2k $110.7k $110.7k 0.00% Added +258 +258
74 COMERICA BANK 0.00% of their portfolio DALLAS, TX 1,9762.0k $98.5k $98.5k 0.00% Reduced -219 -219
75 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 1,9642.0k $97.9k $97.9k 0.00% Added +1.3k +1,322
76 CX Institutional 0.00% of their portfolio AUBURN, IN 1,9291.9k $96.0k $96.0k 0.00% Reduced -379 -379
77 Sachetta, LLC 0.04% of their portfolio LYNNFIELD, MA 1,8501.9k $92.3k $92.3k 0.04% Reduced -23.5k -23,451
78 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 1,8241.8k $91.0k $91.0k 0.00% New
79 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 1,4041.4k $70.0k $70.0k 0.00% Added +352 +352
80 Concord Wealth Partners 0.01% of their portfolio ABINGDON, VA 1,0061.0k $50.1k $50.1k 0.01% Reduced -18 -18
81 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 820820 $40.9k $40.9k 0.00% First filing
82 Ameritas Advisory Services, LLC 0.00% of their portfolio Lincoln, NE 723723 $36.1k $36.1k 0.00% New
83 HOWE & RUSLING INC 0.00% of their portfolio ROCHESTER, NY 700700 $34.9k $34.9k 0.00% New
84 Decker Retirement Planning Inc. 0.02% of their portfolio LEVI, UT 689689 $34.4k $34.4k 0.02% Unchanged
85 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 626626 $31.2k $31.2k 0.00% Unchanged
86 Glen Eagle Advisors, LLC 0.00% of their portfolio KINGSTON, NJ 566566 $28.2k $28.2k 0.00% Unchanged
87 Financial Perspectives, Inc 0.01% of their portfolio MINNEAPOLIS, MN 443443 $22.1k $22.1k 0.01% Reduced -43 -43
88 Sage Mountain Advisors LLC 0.00% of their portfolio ATLANTA, GA 374374 $18.7k $18.7k 0.00% Unchanged
89 Versant Capital Management, Inc 0.00% of their portfolio PHOENIX, AZ 370370 $18.5k $18.5k 0.00% Unchanged
90 Capital A Wealth Management, LLC 0.20% of their portfolio CRANBERRY TWP, PA 358358 $17.4k $17.4k 0.20% Added +280 +280
91 WealthShield Partners, LLC 0.00% of their portfolio CARY, NC 320320 $16.0k $16.0k 0.00% Unchanged
92 AdvisorNet Financial, Inc 0.00% of their portfolio MINNETONKA, MN 300300 $15.0k $15.0k 0.00% Unchanged
93 Sound Income Strategies, LLC 0.00% of their portfolio FT LAUDERDALE, FL 201201 $10.0k $10.0k 0.00% Reduced -1.6k -1,638
94 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 195195 $9.7k $9.7k 0.00% Unchanged
95 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 195195 $9.7k $9.7k 0.00% New
96 Signature Resources Capital Management, LLC 0.01% of their portfolio NEWPORT BEACH, CA 193193 $9.6k $9.6k 0.01% New
97 CVA Family Office, LLC 0.00% of their portfolio DENVER, CO 149149 $7.4k $7.4k 0.00% Unchanged
98 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 148148 $7.4k $7.4k 0.00% New
99 Capital Investment Advisory Services, LLC 0.00% of their portfolio RALEIGH, NC 100100 $5.0k $5.0k 0.00% Unchanged
100 Arlington Trust Co LLC 0.00% of their portfolio BIRMINGHAM, AL 100100 $5.0k $5.0k 0.00% Reduced -160 -160