Fidelity Covington Trust - Fidelity MSCI Real Estate Index ETF
US ˙ ARCA ˙ US3160928574

SecurityFREL / Fidelity Covington Trust - Fidelity MSCI Real Estate Index ETF
InstitutionBlue Barn Wealth, LLC
Latest Disclosed Ownership61,375 shares
Latest Disclosed Value $ 1,650,379
Blue Barn Wealth, LLC reports 52.91% decrease in ownership of FREL / Fidelity Covington Trust - Fidelity MSCI Real Estate Index ETF

On February 10, 2026 - Blue Barn Wealth, LLC filed a 13F-HR form disclosing ownership of 61,375 shares of Fidelity Covington Trust - Fidelity MSCI Real Estate Index ETF (US:FREL) valued at $1,650,374 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 14, 2025 disclosing 130,328 shares of Fidelity Covington Trust - Fidelity MSCI Real Estate Index ETF. This represents a change in shares of -52.91% during the quarter. The current value of the position is $1,805,039 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)
2026-02-10 2025-12-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 61,375 -68,953 -52.91 1,650 -54.46 2.4037
2025-11-14 2025-09-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 130,328 9,553 7.91 3,624 10.96 1.5921
2025-08-05 2025-06-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 120,775 3,705 3.16 3,266 1.56 1.5386
2025-05-09 2025-03-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 117,070 6,453 5.83 3,216 7.60 1.6774
2025-02-06 2024-12-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 110,617 6,613 6.36 2,989 -2.54 1.5762
2024-10-17 2024-09-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 104,004 3,550 3.53 3,066 20.38 1.5742
2024-08-05 2024-06-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 100,454 5,268 5.53 2,547 2.58 1.4186
2024-05-10 2024-03-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 95,186 3,043 3.30 2,483 1.14 1.3850
2024-02-06 2023-12-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 92,143 7,104 8.35 2,456 26.94 1.4590
2023-11-13 2023-09-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 85,039 8,737 11.45 1,935 1.04 1.2703
2023-08-08 2023-06-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 76,302 11,943 18.56 1,914 19.40 1.2438
2023-05-11 2023-03-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 64,359 4,425 7.38 1,603 7.87 0.9934
2023-02-10 2022-12-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 59,934 -2,009 -3.24 1,487 0.27 0.9787
2022-10-26 2022-09-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 61,943 4,307 7.47 1,482 -5.30 1.0548
2022-07-29 2022-06-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 57,636 1,196 2.12 1,565 -14.39 1.1994
2022-05-16 2022-03-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 56,440 11,352 25.18 1,828 16.81 1.2657
2022-02-14 2021-12-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 45,088 7,777 20.84 1,565 38.01 1.0576
2022-02-15 2021-09-30 13F/A-1 FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 37,311 3,725 11.09 1,134 10.96 0.9946
2021-11-15 2021-09-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 37,311 3,725 1,134 0.9936
2021-08-23 2021-06-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 33,586 33,586 1,022 1.0487
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.