Fidelity Covington Trust - Fidelity Small-Mid Multifactor ETF
US ˙ ARCA

SecurityFSMD / Fidelity Covington Trust - Fidelity Small-Mid Multifactor ETF
InstitutionAdvisor Group Holdings, Inc.
Latest Disclosed Ownership284,471 shares
Latest Disclosed Value $ 12,723,429
Advisor Group Holdings, Inc. reports 23.16% decrease in ownership of FSMD / Fidelity Covington Trust - Fidelity Small-Mid Multifactor ETF

On May 15, 2026 - Advisor Group Holdings, Inc. filed a 13F-HR form disclosing ownership of 284,471 shares of Fidelity Covington Trust - Fidelity Small-Mid Multifactor ETF (US:FSMD) valued at $12,721,543 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 370,228 shares of Fidelity Covington Trust - Fidelity Small-Mid Multifactor ETF. This represents a change in shares of -23.16% during the quarter. The current value of the position is $14,362,941 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 SML MID MLTFCT 316092527 284,471 -85,757 -23.16 12,723 -22.15 0.0108
2026-02-17 2025-12-31 13F FIDELITY COVINGTON TRUST SML MID MLTFCT 316092527 370,228 33,709 10.02 16,343 10.65 0.0104
2025-11-14 2025-09-30 13F FIDELITY COVINGTON TRUST SML MID MLTFCT 316092527 336,519 99,664 42.08 14,769 50.32 0.0113
2025-09-04 2025-06-30 13F/A-1 IDELITY COVINGTON TRUST SML MID MLTFCT 316092527 236,855 49,661 26.53 9,826 34.00 0.0175
2025-08-13 2025-06-30 13F IDELITY COVINGTON TRUST SML MID MLTFCT 316092527 55,265 -131,929 2,284 0.0026
2025-05-12 2025-03-31 13F FIDELITY COVINGTON TRUST SML MID MLTFCT 316092527 187,194 97,363 108.38 7,333 98.27 0.0163
2025-06-06 2024-12-31 13F/A-1 FIDELITY COVINGTON TRUST SML MID MLTFCT 316092527 89,831 10,588 13.36 3,699 12.74 0.0083
2025-02-07 2024-12-31 13F FIDELITY COVINGTON TRUST SML MID MLTFCT 316092527 77,880 -1,363 3,210 0.0082
2024-11-13 2024-09-30 13F FIDELITY COVINGTON TRUST SML MID MLTFCT 316092527 79,243 1,137 1.46 3,281 11.45 0.0074
2024-08-13 2024-06-30 13F FIDELITY COVINGTON TRUST SML MID MLTFCT 316092527 78,106 -117,233 -60.02 2,943 -61.23 0.0070
2024-05-10 2024-03-31 13F FIDELITY COVINGTON TRUST SML MID MLTFCT 316092527 195,339 61,162 45.58 7,591 56.11 0.0170
2024-02-12 2023-12-31 13F FIDELITY COVINGTON TRUST SML MID MLTFCT 316092527 134,177 -57,750 -30.09 4,862 -21.49 0.0085
2023-11-13 2023-09-30 13F FIDELITY COVINGTON TRUST SML MID MLTFCT 316092527 191,927 1,387 0.73 6,194 -2.79 0.0092
2023-08-21 2023-06-30 13F/A-1 FIDELITY COVINGTON TRUST SML MID MLTFCT 316092527 190,540 -10,699 -5.32 6,372 -1.83 0.0114
2023-08-10 2023-06-30 13F FIDELITY COVINGTON TRUST SML MID MLTFCT 316092527 190,540 -10,699 6,372 0.0017
2023-05-12 2023-03-31 13F FIDELITY COVINGTON TRUST SML MID MLTFCT 316092527 201,239 5,233 2.67 6,491 5.65 0.0122
2023-02-10 2022-12-31 13F FIDELITY COVINGTON TRUST SML MID MLTFCT 316092527 196,006 63,929 48.40 6,143 61.87 0.0124
2022-11-14 2022-09-30 13F FIDELITY COVINGTON TRUST SML MID MLTFCT 316092527 132,077 649 0.49 3,795 -2.84 0.0087
2022-08-10 2022-06-30 13F FIDELITY COVINGTON TRUST SML MID MLTFCT 316092527 131,428 43,466 49.41 3,906 29.68 0.0086
2022-05-04 2022-03-31 13F FIDELITY COVINGTON TRUST SML MID MLTFCT 316092527 87,962 20,271 29.95 3,012 24.26 0.0058
2022-02-03 2021-12-31 13F FIDELITY COVINGTON TRUST SML MID MLTFCT 316092527 67,691 2,811 4.33 2,424 11.65 0.0046
2021-11-05 2021-09-30 13F FIDELITY COVINGTON TRUST SML MID MLTFCT 316092527 64,880 -3,450 -5.05 2,171 -6.26 0.0045
2021-08-02 2021-06-30 13F FIDELITY COVINGTON TRUST SML MID MLTFCT 316092527 68,330 14,112 26.03 2,316 31.22 0.0050
2021-05-13 2021-03-31 13F FIDELITY COVINGTON TRUST SML MID MLTFCT 316092527 54,218 4,657 9.40 1,765 24.12 0.0042
2021-02-10 2020-12-31 13F FIDELITY COVINGTON TRUST SML MID MLTFCT 316092527 49,561 5,951 13.65 1,422 37.26 0.0038
2020-11-12 2020-09-30 13F FIDELITY COVINGTON TRUST SML MID FACTR 316092527 43,610 8,686 24.87 1,036 29.66 0.0031
2020-08-14 2020-06-30 13F FIDELITY COVINGTON TR SML MID FACTR 316092527 34,924 21,123 153.05 799 207.31 0.0027
2020-05-18 2020-03-31 13F FIDELITY COVINGTON TR SML MID FACTR 316092527 13,801 13,801 260 0.0011
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.