FIDELITY COVINGTON TRUST

Ticker: FDRV CUSIP: 316092220 Class: ETF

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (4)

OLD MISSION CAPITAL LLC

Value ($000) $539 Shares 32,931

ROYAL BANK OF CANADA

Value ($000) $2 Shares 150

OSAIC HOLDINGS, INC.

Value ($000) $1 Shares 32

Farther Finance Advisors, LLC

Value ($000) $0 Shares 11

Institution	Shares	Value ($000)
OLD MISSION CAPITAL LLC	32,931	$539
ROYAL BANK OF CANADA	150	$2
OSAIC HOLDINGS, INC.	32	$1
Farther Finance Advisors, LLC	11	$0

Increased Positions (3)

CITADEL ADVISORS LLC

Value ($000) $3,030 (+227.0%) Shares 185,006 (+253.5%)

Value ($000) $15 (+14.8%) Shares 944 (+24.2%)

FLOW TRADERS U.S. LLC

Value ($000) $1 (-3.8%) Shares 35,410 (+4.1%)

Institution	Prev Shares	Curr Shares	Change
CITADEL ADVISORS LLC	52,333	185,006	+132,673 (+253.5%)
MORGAN STANLEY	760	944	+184 (+24.2%)
FLOW TRADERS U.S. LLC	34,030	35,410	+1,380 (+4.1%)

Decreased Positions (2)

SUSQUEHANNA INTERNATIONAL GROUP, LLP

Value ($000) $497 (-64.2%) Shares 30,349 (-61.3%)

BANK OF AMERICA CORP /DE/

Value ($000) $32 (-8.9%) Shares 1,958 (-1.5%)

Institution	Prev Shares	Curr Shares	Change
SUSQUEHANNA INTERNATIONAL GROUP, LLP	78,497	30,349	-48,148 (-61.3%)
BANK OF AMERICA CORP /DE/	1,987	1,958	-29 (-1.5%)

Exited Positions (4)

JANE STREET GROUP, LLC

Value ($000) $291 Shares 16,423

Value ($000) $12 Shares 704

IFP Advisors, Inc

Value ($000) $10 Shares 566

Capital Analysts, LLC

Value ($000) $0 Shares 702

Institution	Prev Shares	Prev Value ($000)
JANE STREET GROUP, LLC	16,423	$291
UBS Group AG	704	$12
IFP Advisors, Inc	566	$10
Capital Analysts, LLC	702	$0