FIDELITY COVINGTON TRUST

Ticker: FDCF CUSIP: 316092162 Class: DISRUPTIVE COMMU

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (6)

Value ($000) $257 Shares 5,355

Raleigh Capital Management Inc.

Value ($000) $44 Shares 911

VestGen Advisors, LLC

Value ($000) $276 Shares 5,733

Belpointe Asset Management LLC

Value ($000) $267 Shares 5,561

CITADEL ADVISORS LLC

Value ($000) $303 Shares 6,293

Value ($000) $11 Shares 220

Institution	Shares	Value ($000)
BXM Wealth LLC	5,355	$257
Raleigh Capital Management Inc.	911	$44
VestGen Advisors, LLC	5,733	$276
Belpointe Asset Management LLC	5,561	$267
CITADEL ADVISORS LLC	6,293	$303
UBS Group AG	220	$11

Increased Positions (2)

GTS SECURITIES LLC

Value ($000) $3,046 (+207.7%) Shares 63,362 (+217.1%)

AE Wealth Management LLC

Value ($000) $1,307 (+24.9%) Shares 27,189 (+28.8%)

Institution	Prev Shares	Curr Shares	Change
GTS SECURITIES LLC	19,979	63,362	+43,383 (+217.1%)
AE Wealth Management LLC	21,117	27,189	+6,072 (+28.8%)

Decreased Positions (4)

Cape Investment Advisory, Inc.

Value ($000) $225 (-11.9%) Shares 4,674 (-9.2%)

JANE STREET GROUP, LLC

Value ($000) $1,560 (-60.3%) Shares 32,460 (-59.1%)

COMMONWEALTH EQUITY SERVICES, LLC

Value ($000) $327 (+75677.3%) Shares 6,794 (-21.9%)

OSAIC HOLDINGS, INC.

Value ($000) $37 (-8.0%) Shares 769 (-6.1%)

Institution	Prev Shares	Curr Shares	Change
Cape Investment Advisory, Inc.	5,150	4,674	-476 (-9.2%)
JANE STREET GROUP, LLC	79,331	32,460	-46,871 (-59.1%)
COMMONWEALTH EQUITY SERVICES, LLC	8,694	6,794	-1,900 (-21.9%)
OSAIC HOLDINGS, INC.	819	769	-50 (-6.1%)

Exited Positions (1)

Advisory Services Network, LLC

Value ($000) $59 Shares 1,200

Institution	Prev Shares	Prev Value ($000)
Advisory Services Network, LLC	1,200	$59