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

SecurityFREL / Fidelity Covington Trust - Fidelity MSCI Real Estate Index ETF
InstitutionPnc Financial Services Group, Inc.
Pnc Financial Services Group, Inc. ownership in FREL / Fidelity Covington Trust - Fidelity MSCI Real Estate Index ETF
Institutional Ownership: 13D/G Filings

This table shows a history of the 13D/G filings made by the investor and/or investor group. Note that the share values in this table are not directly comparable to any numbers shown in the 13F table (if any).

File
Date		Effective
Date		Form Prev
Shares		 Latest
Shares		 ΔShares
(Percent)		 Ownership
(Percent)		 ΔOwnership
(Percent)
2024-02-09 2024-02-09 13G/A 2,402,996
2023-09-11 2023-09-11 13G/A 6,462,132 2,402,996 -62.81 5.99 -56.84
2023-04-10 2023-04-10 13G/A 17,516,266 6,462,132 -63.11 13.88 -54.16
2023-02-10 2023-02-10 13G/A 22,061,408 17,516,266 -20.60 30.28 -8.93
2022-02-11 2022-02-11 13G/A 15,474,723 22,061,408 42.56 33.25 0.76
2021-02-12 2021-02-12 13G/A 6,421,805 15,474,723 140.97 33.00 97.84
2020-05-11 2020-05-11 13G 6,421,805 16.68

Important Note: One of the primary uses of the 13D/G filings is to evaluate the ability of a firm to control a company (ie, the "beneficial ownership"). To that end, firms are required to report not just direct holdings in companies, but indirect holdings that they control. For investment firms, these indirect holdings can include shares in funds they manage, advisory accounts, and in the case of activist campaigns, pledged votes. Therefore, share counts listed in 13D/G filings can differ significantly than share counts listed in 13F filings.

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)
2026-05-08 2026-03-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ET 316092857 701,032 -160,198 -18.60 18,865 -18.54 0.0109
2026-02-06 2025-12-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ET 316092857 861,230 -166,950 -16.24 23,158 -19.01 0.0126
2025-11-07 2025-09-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ET 316092857 1,028,180 -94,623 -8.43 28,594 -5.82 0.0173
2025-08-08 2025-06-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ET 316092857 1,122,803 -92,528 -7.61 30,361 -9.06 0.0196
2025-05-09 2025-03-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ET 316092857 1,215,331 -98,734 -7.51 33,385 -5.97 0.0175
2025-02-07 2024-12-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ET 316092857 1,314,065 -39,881 -2.95 35,506 -11.04 0.0237
2024-11-08 2024-09-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ET 316092857 1,353,946 -139,114 -9.32 39,914 5.50 0.0255
2024-08-09 2024-06-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ET 316092857 1,493,060 -150,367 -9.15 37,834 -11.76 0.0252
2024-05-10 2024-03-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ET 316092857 1,643,427 -99,731 -5.72 42,877 -7.70 0.0298
2024-03-22 2023-12-31 13F/A-1 FIDELITY COVINGTON TRUST MSCI RL EST ET 316092857 1,743,158 -749,012 -30.05 46,455 -18.06 0.0365
2024-02-09 2023-12-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ET 316092857 1,743,158 -749,012 46,455 0.0074
2023-11-13 2023-09-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ET 316092857 2,492,170 -705,895 -22.07 56,697 -29.34 0.0485
2023-08-11 2023-06-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ET 316092857 3,198,065 -3,768,880 -54.10 80,239 -53.76 0.0684
2023-05-15 2023-03-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ET 316092857 6,966,945 -11,236,712 -61.73 173,547 -61.57 0.1522
2023-02-10 2022-12-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ET 316092857 18,203,657 -970,060 -5.06 451,633 -1.53 0.4336
2022-11-10 2022-09-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ET 316092857 19,173,717 -21,551 -0.11 458,636 -12.03 0.4795
2022-08-12 2022-06-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ET 316092857 19,195,268 -359,542 -1.84 521,344 -17.69 0.5114
2022-05-12 2022-03-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ET 316092857 19,554,810 -3,311,400 -14.48 633,381 -20.22 0.5552
2022-02-11 2021-12-31 13F FIDELITY M Common Stock 316092857 22,866,210 925,133 4.22 793,914 19.03 0.6565
2021-11-05 2021-09-30 13F FIDELITY M Common Stock 316092857 21,941,077 4,272,676 24.18 667,009 24.06 0.6170
2021-08-06 2021-06-30 13F FIDELITY M Common Stock 316092857 17,668,401 839,809 4.99 537,650 16.22 0.4874
2021-05-07 2021-03-31 13F FIDELITY M Common Stock 316092857 16,828,592 936,170 5.89 462,617 14.69 0.4490
2021-02-12 2020-12-31 13F FIDELITY M Common Stock 316092857 15,892,422 1,414,616 9.77 403,348 18.55 0.4070
2020-11-06 2020-09-30 13F FIDELITY M Common Stock 316092857 14,477,806 4,133,304 39.96 340,229 40.68 0.4194
2020-08-28 2020-06-30 13F/A-1 FIDELITY M Common Stock 316092857 10,344,502 10,344,502 241,854 0.3218
2020-08-07 2020-06-30 13F FIDELITY M Common Stock 316092857 10,344,502 10,344,502 241,854 50,218.1785
2019-02-08 2018-12-31 13F FIDELITY M Common Stock 316092857 0 -682 -100.00 0 -100.00
2018-11-09 2018-09-30 13F FIDELITY M Common Stock 316092857 682 15 2.25 16 0.00 0.0000
2018-08-10 2018-06-30 13F FIDELITY M Common Stock 316092857 667 7 1.06 16 6.67 0.0000
2018-05-11 2018-03-31 13F FIDELITY M Common Stock 316092857 660 7 1.07 15 -6.25 0.0000
2018-02-09 2017-12-31 13F FIDELITY M Common Stock 316092857 653 204 45.43 16 45.45 0.0000
2017-11-13 2017-09-30 13F FIDELITY M Common Stock 316092857 449 449 11 0.0000
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.