FIDELITY COVINGTON TRUST

Ticker: FFDI CUSIP: 31609A883 Class: FUNDAMENTAL DEVE

Holders for Q4 2025 Position Changes for Q4 2025

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

Increased Positions (4)

CITADEL ADVISORS LLC

Value ($000) $1,035 (+102.9%) Shares 34,256 (+102.3%)

Kestra Advisory Services, LLC

Value ($000) $423 (+32.2%) Shares 13,986 (+31.8%)

KESTRA PRIVATE WEALTH SERVICES, LLC

Value ($000) $280 (+9.4%) Shares 9,273 (+9.1%)

Value ($000) $3 (+149.6%) Shares 92 (+148.6%)

Institution	Prev Shares	Curr Shares	Change
CITADEL ADVISORS LLC	16,936	34,256	+17,320 (+102.3%)
Kestra Advisory Services, LLC	10,614	13,986	+3,372 (+31.8%)
KESTRA PRIVATE WEALTH SERVICES, LLC	8,502	9,273	+771 (+9.1%)
UBS Group AG	37	92	+55 (+148.6%)

Decreased Positions (3)

Anson Capital, Inc.

Value ($000) $5,102 (-1.9%) Shares 168,866 (-2.2%)

Elm3 Financial Group, LLC

Value ($000) $346 (-4.0%) Shares 11,466 (-4.3%)

JANE STREET GROUP, LLC

Value ($000) $517 (-13.2%) Shares 17,098 (-13.5%)

Institution	Prev Shares	Curr Shares	Change
Anson Capital, Inc.	172,604	168,866	-3,738 (-2.2%)
Elm3 Financial Group, LLC	11,976	11,466	-510 (-4.3%)
JANE STREET GROUP, LLC	19,763	17,098	-2,665 (-13.5%)

Exited Positions (2)

Value ($000) $1,355 Shares 45,000

Root Financial Partners, LLC

Value ($000) $0 Shares 5

Institution	Prev Shares	Prev Value ($000)
FMR LLC	45,000	$1,355
Root Financial Partners, LLC	5	$0