Fidelity Covington Trust - Fidelity MSCI Financials Index ETF
US ˙ ARCA ˙ US3160925018

SecurityFNCL / Fidelity Covington Trust - Fidelity MSCI Financials Index ETF - 2.5% 2050-01-15
InstitutionFull Sail Capital, LLC
Latest Disclosed Ownership236,190 shares
Latest Disclosed Value $ 18,030,751
Full Sail Capital, LLC reports 3.43% decrease in ownership of FNCL / Fidelity Covington Trust - Fidelity MSCI Financials Index ETF

On November 14, 2025 - Full Sail Capital, LLC filed a 13F-HR form disclosing ownership of 236,190 shares of Fidelity Covington Trust - Fidelity MSCI Financials Index ETF (US:FNCL) valued at $18,030,745 USD as of September 30, 2025. The entity filed a previous 13F-HR on August 14, 2025 disclosing 244,575 shares of Fidelity Covington Trust - Fidelity MSCI Financials Index ETF. This represents a change in shares of -3.43% during the quarter. The current value of the position is $17,570,174 USD.

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.

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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)
2025-11-14 2025-09-30 13F FIDELITY COVINGTON TRUST MSCI FINLS IDX 316092501 236,190 -8,385 -3.43 18,031 -0.43 0.9942
2025-08-14 2025-06-30 13F FIDELITY COVINGTON TRUST MSCI FINLS IDX 316092501 244,575 -3,362 -1.36 18,108 5.06 1.0453
2025-05-14 2025-03-31 13F FIDELITY COVINGTON TRUST MSCI FINLS IDX 316092501 247,937 -7,019 -2.75 17,237 -1.56 1.1151
2025-02-14 2024-12-31 13F FIDELITY COVINGTON TRUST MSCI FINLS IDX 316092501 254,956 -13,844 -5.15 17,510 2.02 1.1157
2024-11-13 2024-09-30 13F FIDELITY COVINGTON TRUST MSCI FINLS IDX 316092501 268,800 -16,281 -5.71 17,164 3.92 1.1000
2024-08-15 2024-06-30 13F FIDELITY COVINGTON TRUST MSCI FINLS IDX 316092501 285,081 -6,714 -2.30 16,518 -4.70 1.1106
2024-05-14 2024-03-31 13F FIDELITY COVINGTON TRUST MSCI FINLS IDX 316092501 291,795 -5,944 -2.00 17,333 8.71 1.2084
2024-02-13 2023-12-31 13F FIDELITY COVINGTON TRUST MSCI FINLS IDX 316092501 297,739 -247,383 -45.38 15,944 -37.18 1.2119
2023-11-13 2023-09-30 13F FIDELITY COVINGTON TRUST MSCI FINLS IDX 316092501 545,122 19,578 3.73 25,381 2.60 2.2025
2023-08-14 2023-06-30 13F FIDELITY COVINGTON TRUST MSCI FINLS IDX 316092501 525,544 13,970 2.73 24,737 7.22 2.1108
2023-05-05 2023-03-31 13F FIDELITY COVINGTON TRUST MSCI FINLS IDX 316092501 511,574 21,507 4.39 23,072 -1.79 2.0850
2023-02-06 2022-12-31 13F FIDELITY COVINGTON TRUST MSCI FINLS IDX 316092501 490,067 -3,570 -0.72 23,494 10.47 2.2294
2022-11-09 2022-09-30 13F FIDELITY COVINGTON TRUST MSCI FINLS IDX 316092501 493,637 -7,354 -1.47 21,266 -4.89 2.1984
2022-08-08 2022-06-30 13F FIDELITY COVINGTON TRUST MSCI FINLS IDX 316092501 500,991 -15,728 -3.04 22,359 -20.09 2.1608
2022-05-12 2022-03-31 13F FIDELITY COVINGTON TRUST MSCI FINLS IDX 316092501 516,719 -56,664 -9.88 27,980 -10.87 2.3359
2022-02-14 2021-12-31 13F FIDELITY COVINGTON TRUST MSCI FINLS IDX 316092501 573,383 64,049 12.58 31,393 14.80 2.7558
2021-10-26 2021-09-30 13F FIDELITY COVINGTON TRUST MSCI FINLS IDX 316092501 509,334 76,295 17.62 27,346 20.61 2.3868
2021-08-12 2021-06-30 13F FIDELITY COVINGTON TRUST MSCI FINLS IDX 316092501 433,039 67,100 18.34 22,674 24.32 2.0612
2021-05-12 2021-03-31 13F FIDELITY COVINGTON TRUST MSCI FINLS IDX 316092501 365,939 28,069 8.31 18,238 25.56 1.8188
2021-02-11 2020-12-31 13F FIDELITY COVINGTON TRUST MSCI FINLS IDX 316092501 337,870 -4,559 -1.33 14,525 18.06 1.5743
2020-11-13 2020-09-30 13F FIDELITY COVINGTON TRUST MSCI FINLS IDX 316092501 342,429 56,045 19.57 12,303 20.84 1.5394
2020-08-14 2020-06-30 13F FIDELITY COVINGTON TR MSCI FINLS IDX 316092501 286,384 47,133 19.70 10,181 34.24 1.4527
2020-05-15 2020-03-31 13F FIDELITY COVINGTON TR MSCI FINLS IDX 316092501 239,251 -95,225 -28.47 7,584 -49.67 1.3521
2020-02-14 2019-12-31 13F FIDELITY COVINGTON TR MSCI FINLS IDX 316092501 334,476 16,004 5.03 15,068 10.52 3.1630
2019-11-20 2019-09-30 13F FIDELITY COVINGTON TR MSCI FINLS IDX 316092501 318,472 7,201 2.31 13,634 10.61 3.2454
2019-08-14 2019-06-30 13F FIDELITY MSCI FINLS IDX 316092501 311,271 53,394 20.71 12,326 27.39 3.5043
2019-05-31 2019-03-31 13F/A-1 FIDELITY MSCI FINLS IDX 316092501 257,877 117,787 84.08 9,676 99.83 3.0891
2019-05-16 2019-03-31 13F FIDELITY MSCI FINLS IDX 316092501 257,877 117,787 9,676
2019-02-14 2018-12-31 13F FIDELITY MSCI FINLS IDX 316092501 140,090 140,090 4,842 2.3465
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.