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

SecurityFREL / Fidelity Covington Trust - Fidelity MSCI Real Estate Index ETF
InstitutionMAI Capital Management
Latest Disclosed Ownership690,011 shares
Latest Disclosed Value $ 18,568,198
MAI Capital Management reports 13.73% increase in ownership of FREL / Fidelity Covington Trust - Fidelity MSCI Real Estate Index ETF

On May 15, 2026 - MAI Capital Management filed a 13F-HR form disclosing ownership of 690,011 shares of Fidelity Covington Trust - Fidelity MSCI Real Estate Index ETF (US:FREL) valued at $18,568,196 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 606,692 shares of Fidelity Covington Trust - Fidelity MSCI Real Estate Index ETF. This represents a change in shares of 13.73% during the quarter. The current value of the position is $20,293,224 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)
2026-05-15 2026-03-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 690,011 83,319 13.73 18,568 13.82 0.1048
2026-02-13 2025-12-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 606,692 212,458 53.89 16,314 48.80 0.0938
2025-11-10 2025-09-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 394,234 14,012 3.69 10,964 6.63 0.0683
2025-08-12 2025-06-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 380,222 42,827 12.69 10,281 10.93 0.0710
2025-05-15 2025-03-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 337,395 11,841 3.64 9,268 5.37 0.0699
2025-02-14 2024-12-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 325,554 -17,281 -5.04 8,796 -12.96 0.0652
2024-11-07 2024-09-30 13F Fidelity MSCI Real Estate ETF EZ 316092857 342,835 -820 -0.24 10,107 16.05 0.0962
2024-08-12 2024-06-30 13F Fidelity MSCI Real Estate ETF EZ 316092857 343,655 29,125 9.26 8,708 6.12 0.0853
2024-05-08 2024-03-31 13F Fidelity MSCI Real Estate ETF EZ 316092857 314,530 -13,597 -4.14 8,206 -6.15 0.0850
2024-02-09 2023-12-31 13F Fidelity MSCI Real Estate ETF EZ 316092857 328,127 -85,870 -20.74 8,745 -7.16 0.1149
2023-11-14 2023-09-30 13F Fidelity MSCI Real Estate ETF EZ 316092857 413,997 -1,952 -0.47 9,418 -9.75 0.1401
2023-08-02 2023-06-30 13F Fidelity MSCI Real Estate ETF EZ 316092857 415,949 49,960 13.65 10,436 14.48 0.1536
2023-05-10 2023-03-31 13F Fidelity MSCI Real Estate ETF EZ 316092857 365,989 1,120 0.31 9,117 0.71 0.1436
2023-02-09 2022-12-31 13F Fidelity MSCI Real Estate ETF EZ 316092857 364,869 6,230 1.74 9,052 5.51 0.1521
2022-11-15 2022-09-30 13F Fidelity MSCI Real Estate ETF EZ 316092857 358,639 13,335 3.86 8,579 -8.52 0.1611
2022-07-19 2022-06-30 13F Fidelity MSCI Real Estate ETF EZ 316092857 345,304 22,624 7.01 9,378 -10.28 0.1791
2022-05-10 2022-03-31 13F Fidelity MSCI Real Estate ETF EZ 316092857 322,680 32,804 11.32 10,452 3.86 0.1757
2022-02-11 2021-12-31 13F Fidelity MSCI Real Estate ETF EZ 316092857 289,876 105,198 56.96 10,064 79.27 0.1621
2021-11-12 2021-09-30 13F Fidelity MSCI Real Estate ETF EZ 316092857 184,678 25,745 16.20 5,614 16.09 0.1081
2021-07-19 2021-06-30 13F Fidelity MSCI Real Estate ETF EZ 316092857 158,933 58,843 58.79 4,836 75.79 0.0960
2021-05-10 2021-03-31 13F Fidelity MSCI Real Estate ETF EZ 316092857 100,090 25,485 34.16 2,751 45.32 0.0615
2021-02-16 2020-12-31 13F Fidelity MSCI Real Estate ETF EZ 316092857 74,605 -6,511 -8.03 1,893 -0.68 0.0473
2020-10-26 2020-09-30 13F Fidelity MSCI Real Estate ETF EZ 316092857 81,116 6,308 8.43 1,906 8.98 0.0552
2020-07-27 2020-06-30 13F Fidelity MSCI Real Estate ETF EZ 316092857 74,808 16,482 28.26 1,749 44.19 0.0549
2020-04-16 2020-03-31 13F Fidelity MSCI Real Estate ETF EZ 316092857 58,326 12,486 27.24 1,213 -5.01 0.0495
2020-02-03 2019-12-31 13F Fidelity MSCI Real Estate ETF EZ 316092857 45,840 13,359 41.13 1,277 40.95 0.0414
2019-10-29 2019-09-30 13F Fidelity MSCI Real Estate ETF EZ 316092857 32,481 32,481 906 0.0404
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.