Fidelity Covington Trust - Fidelity Low Volatility Factor ETF
US ˙ ARCA ˙ US3160928244

SecurityFDLO / Fidelity Covington Trust - Fidelity Low Volatility Factor ETF
InstitutionFmr Llc
Latest Disclosed Ownership8,359,894 shares
Ownership 43.43%
Fmr Llc ownership in FDLO / Fidelity Covington Trust - Fidelity Low Volatility Factor ETF

2024-02-12 - Fmr Llc has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 8,359,894 shares of Fidelity Covington Trust - Fidelity Low Volatility Factor ETF (US:FDLO). This represents 43.428 percent ownership of the company. In their previous filing dated 2024-01-10 , Fmr Llc had reported owning 10,657,267 shares, indicating a decrease of -21.56 percent.

Institutional Ownership: 13D/G Filings

This table shows a history of the 13D/G filings made by the investor and/or investor group. Note that the share values in this table are not directly comparable to any numbers shown in the 13F table (if any).

File
Date		Effective
Date		Form Prev
Shares		 Latest
Shares		 ΔShares
(Percent)		 Ownership
(Percent)		 ΔOwnership
(Percent)
2024-02-12 2024-02-12 13G/A 10,657,267 8,359,894 -21.56 43.43 -13.20
2024-01-10 2024-01-10 13G/A 3,558,170 10,657,267 199.52 50.03 94.76
2023-12-11 2023-12-11 13G/A 2,500,608 3,558,170 42.29 25.69 30.99
2023-11-13 2023-11-13 13G/A 1,176,413 2,500,608 112.56 19.61 85.90
2023-09-11 2023-09-11 13G/A 670,607 1,176,413 75.43 10.55 62.06
2023-02-09 2023-02-09 13G 670,607 6.51

Important Note: One of the primary uses of the 13D/G filings is to evaluate the ability of a firm to control a company (ie, the "beneficial ownership"). To that end, firms are required to report not just direct holdings in companies, but indirect holdings that they control. For investment firms, these indirect holdings can include shares in funds they manage, advisory accounts, and in the case of activist campaigns, pledged votes. Therefore, share counts listed in 13D/G filings can differ significantly than share counts listed in 13F filings.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

Upgrade to unlock premium data and export to Excel .

Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F FIDELITY COVINGTON TRUST LOW VOLITY ETF 316092824 8,949,504 -1,129,994 -11.21 578,048 -14.08 0.0060
2026-02-17 2025-12-31 13F FIDELITY COVINGTON TRUST LOW VOLITY ETF 316092824 10,079,498 792,508 8.53 672,807 9.98 0.0343
2025-11-13 2025-09-30 13F FIDELITY COVINGTON TRUST LOW VOLITY ETF 316092824 9,286,990 1,352,078 17.04 611,734 22.76 0.0318
2025-08-14 2025-06-30 13F FIDELITY COVINGTON TRUST LOW VOLITY ETF 316092824 7,934,912 -2,383,241 -23.10 498,312 -20.33 0.0281
2025-05-12 2025-03-31 13F FIDELITY COVINGTON TRUST LOW VOLITY ETF 316092824 10,318,153 31,722 0.31 625,486 0.36 0.0399
2025-02-13 2024-12-31 13F FIDELITY COVINGTON TRUST LOW VOLITY ETF 316092824 10,286,431 934,366 9.99 623,255 8.63 0.0372
2024-11-13 2024-09-30 13F FIDELITY COVINGTON TRUST LOW VOLITY ETF 316092824 9,352,065 1,279,047 15.84 573,749 24.60 0.0349
2024-08-13 2024-06-30 13F FIDELITY COVINGTON TRUST LOW VOLITY ETF 316092824 8,073,018 1,052,638 14.99 460,486 16.75 0.0295
2024-05-13 2024-03-31 13F FIDELITY COVINGTON TRUST LOW VOLITY ETF 316092824 7,020,380 -3,636,889 -34.13 394,405 -30.13 0.0265
2024-02-13 2023-12-31 13F FIDELITY COVINGTON TRUST LOW VOLITY ETF 316092824 10,657,269 9,049,144 562.71 564,516 621.86 0.0434
2023-11-13 2023-09-30 13F FIDELITY COVINGTON TRUST LOW VOLITY ETF 316092824 1,608,125 652,640 68.30 78,203 63.33 0.0068
2023-08-11 2023-06-30 13F FIDELITY COVINGTON TRUST LOW VOLITY ETF 316092824 955,485 106,332 12.52 47,879 18.76 0.0040
2023-08-11 2023-03-31 13F/A-1 FIDELITY COVINGTON TRUST LOW VOLITY ETF 316092824 849,153 178,544 26.62 40,318 30.19 0.0037
2023-05-11 2023-03-31 13F FIDELITY COVINGTON TRUST LOW VOLITY ETF 316092824 849,153 178,544 40,318 0.0037
2023-02-13 2022-12-31 13F FIDELITY COVINGTON TRUST LOW VOLITY ETF 316092824 670,609 192,143 40.16 30,969 54.14 0.0031
2022-11-10 2022-09-30 13F FIDELITY COVINGTON TRUST LOW VOLITY ETF 316092824 478,466 -34,527 -6.73 20,091 -12.21 0.0021
2022-08-12 2022-06-30 13F FIDELITY COVINGTON TRUST LOW VOLITY ETF 316092824 512,993 241,981 89.29 22,885 68.88 0.0023
2022-05-13 2022-03-31 13F FIDELITY COVINGTON TRUST LOW VOLITY ETF 316092824 271,012 158,699 141.30 13,551 130.66 0.0011
2022-02-14 2021-12-31 13F FIDELITY COVINGTON TRUST LOW VOLITY ETF 316092824 112,313 32,445 40.62 5,875 54.81 0.0004
2022-02-14 2021-09-30 13F/A-1 FIDELITY COVINGTON TRUST LOW VOLITY ETF 316092824 79,868 26,737 50.32 3,795 51.50 0.0003
2021-11-15 2021-09-30 13F FIDELITY COVINGTON TRUST LOW VOLITY ETF 316092824 79,868 26,737 3,795 0.0001
2021-08-13 2021-06-30 13F FIDELITY COVINGTON TRUST LOW VOLITY ETF 316092824 53,131 -2,892 -5.16 2,505 1.95 0.0002
2021-05-14 2021-03-31 13F FIDELITY COVINGTON TRUST LOW VOLITY ETF 316092824 56,023 13,730 32.46 2,457 36.05 0.0002
2021-02-08 2020-12-31 13F FIDELITY COVINGTON TRUST LOW VOLITY ETF 316092824 42,293 23,960 130.69 1,806 149.10 0.0002
2020-11-13 2020-09-30 13F FIDELITY COVINGTON TRUST LOW VOLITY ETF 316092824 18,333 -293 -1.57 725 6.46 0.0001
2020-08-24 2020-06-30 13F/A-1 FIDELITY COVINGTON TR LOW VOLITY ETF 316092824 18,626 -817,985 -97.77 681 -97.39 0.0001
2020-08-13 2020-06-30 13F FIDELITY COVINGTON TR LOW VOLITY ETF 316092824 18,626 -817,985 681 16.7302
2020-05-14 2020-03-31 13F FIDELITY COVINGTON TR LOW VOLITY ETF 316092824 836,611 832,730 21,456.58 26,111 17,307.33 0.0036
2020-02-07 2019-12-31 13F FIDELITY COVINGTON TR LOW VOLITY ETF 316092824 3,881 483 14.21 150 20.00 0.0000
2019-11-13 2019-09-30 13F FIDELITY COVINGTON TR LOW VOLITY ETF 316092824 3,398 -2,130 -38.53 125 -36.55 0.0000
2019-08-13 2019-06-30 13F FIDELITY LOW VOLITY ETF 316092824 5,528 4,811 670.99 197 720.83 0.0000
2019-05-13 2019-03-31 13F FIDELITY LOW VOLITY ETF 316092824 717 5 0.70 24 14.29 0.0000
2019-02-13 2018-12-31 13F FIDELITY LOW VOLITY ETF 316092824 712 611 604.95 21 600.00 0.0000
2018-11-09 2018-09-30 13F FIDELITY LOW VOLITY ETF 316092824 101 101 3 0.0000
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.