FIDELITY COVINGTON TRUST

Ticker: FDIF CUSIP: 316092121 Class: ETF

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (1)

Kestra Advisory Services, LLC

Value ($000) $75 Shares 2,103

Institution	Shares	Value ($000)
Kestra Advisory Services, LLC	2,103	$75

Increased Positions (6)

Value ($000) $7,868 (+4.6%) Shares 219,730 (+3.8%)

MFA Wealth Services

Value ($000) $419 (+2.7%) Shares 11,691 (+1.9%)

BANK OF MONTREAL /CAN/

Value ($000) $69 (+41.2%) Shares 1,924 (+40.0%)

COMMONWEALTH EQUITY SERVICES, LLC

Value ($000) $428 (+105743.3%) Shares 11,942 (+5.1%)

JANE STREET GROUP, LLC

Value ($000) $459 (+2.4%) Shares 12,820 (+1.6%)

Value ($000) $10 (+26.2%) Shares 288 (+25.2%)

Institution	Prev Shares	Curr Shares	Change
SFMG, LLC	211,653	219,730	+8,077 (+3.8%)
MFA Wealth Services	11,476	11,691	+215 (+1.9%)
BANK OF MONTREAL /CAN/	1,374	1,924	+550 (+40.0%)
COMMONWEALTH EQUITY SERVICES, LLC	11,363	11,942	+579 (+5.1%)
JANE STREET GROUP, LLC	12,620	12,820	+200 (+1.6%)
FMR LLC	230	288	+58 (+25.2%)

Decreased Positions (3)

Kovack Advisors, Inc.

Value ($000) $414 (-4.2%) Shares 11,550 (-4.9%)

OSAIC HOLDINGS, INC.

Value ($000) $440 (-9.9%) Shares 12,271 (-10.8%)

Farther Finance Advisors, LLC

Value ($000) $179 (-16.1%) Shares 5,007 (-16.8%)

Institution	Prev Shares	Curr Shares	Change
Kovack Advisors, Inc.	12,150	11,550	-600 (-4.9%)
OSAIC HOLDINGS, INC.	13,757	12,271	-1,486 (-10.8%)
Farther Finance Advisors, LLC	6,019	5,007	-1,012 (-16.8%)

Exited Positions (1)

Advisory Services Network, LLC

Value ($000) $19 Shares 535

Institution	Prev Shares	Prev Value ($000)
Advisory Services Network, LLC	535	$19