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

SecurityFSMD / Fidelity Covington Trust - Fidelity Small-Mid Multifactor ETF
InstitutionAdvisory Services Network, LLC
Latest Disclosed Ownership150,230 shares
Latest Disclosed Value $ 6,718,266
Advisory Services Network, LLC reports 1.07% increase in ownership of FSMD / Fidelity Covington Trust - Fidelity Small-Mid Multifactor ETF

On May 15, 2026 - Advisory Services Network, LLC filed a 13F-HR form disclosing ownership of 150,230 shares of Fidelity Covington Trust - Fidelity Small-Mid Multifactor ETF (US:FSMD) valued at $6,718,286 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 148,641 shares of Fidelity Covington Trust - Fidelity Small-Mid Multifactor ETF. This represents a change in shares of 1.07% during the quarter. The current value of the position is $7,472,440 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 SMALL-MID MULTIFACTOR ETF ETF 316092527 150,230 1,589 1.07 6,718 2.42 0.0621
2026-02-17 2025-12-31 13F FIDELITY SMALL-MID MULTIFACTOR ETF ETF 316092527 148,641 6,322 4.44 6,560 4.73 0.0928
2025-11-18 2025-09-30 13F FIDELITY COVINGTON TRUST ETF 316092527 142,319 3,617 2.61 6,263 7.78 0.0919
2025-08-19 2025-06-30 13F FIDELITY COVINGTON TRUST ETF 316092527 138,702 73,452 112.57 5,812 127.44 0.0935
2025-05-15 2025-03-31 13F FIDELITY COVINGTON TRUST ETF 316092527 65,250 65,250 2,555 0.0491
2025-02-13 2024-12-31 13F FIDELITY COVINGTON TRUST ETF 316092527 0 -17,881 -100.00 0 -100.00
2024-11-14 2024-09-30 13F FIDELITY COVINGTON TRUST ETF 316092527 17,881 0 0.00 674 0.00 0.0139
2024-08-13 2024-06-30 13F FIDELITY COVINGTON TRUST ETF 316092527 17,881 -13,639 -43.27 674 -45.02 0.0139
2024-05-06 2024-03-31 13F FIDELITY COVINGTON TRUST ETF 316092527 31,520 -5,995 -15.98 1,225 -9.93 0.0272
2024-02-09 2023-12-31 13F FIDELITY COVINGTON TRUST ETF 316092527 37,515 7,349 24.36 1,359 39.67 0.0332
2023-11-14 2023-09-30 13F FIDELITY COVINGTON TRUST ETF 316092527 30,166 4,349 16.85 973 12.75 0.0261
2023-08-09 2023-06-30 13F FIDELITY COVINGTON TRUST ETF 316092527 25,817 21,013 437.41 863 460.39 0.0230
2023-05-17 2023-03-31 13F FIDELITY COVINGTON TRUST ETF 316092527 4,804 -3,837 -44.40 155 -42.96 0.0043
2023-02-13 2022-12-31 13F FIDELITY COVINGTON TRUST ETF 316092527 8,641 48 0.56 271 9.31 0.0083
2022-11-14 2022-09-30 13F FIDELITY COVINGTON TRUST ETF 316092527 8,593 -207 -2.35 247 -5.73 0.0087
2022-08-02 2022-06-30 13F FIDELITY COVINGTON TRUST ETF 316092527 8,800 -254 -2.81 262 -15.48 0.0090
2022-05-23 2022-03-31 13F FIDELITY COVINGTON TRUST ETF 316092527 9,054 285 3.25 310 -1.27 0.0091
2022-02-14 2021-12-31 13F FIDELITY COVINGTON TRUST ETF 316092527 8,769 93 1.07 314 8.28 0.0090
2021-11-05 2021-09-30 13F FIDELITY COVINGTON TRUST ETF 316092527 8,676 186 2.19 290 0.69 0.0092
2021-08-12 2021-06-30 13F FIDELITY COVINGTON TRUST ETF 316092527 8,490 25 0.30 288 4.35 0.0091
2021-05-24 2021-03-31 13F FIDELITY COVINGTON TRUST ETF 316092527 8,465 160 1.93 276 15.97 0.0103
2021-02-09 2020-12-31 13F FIDELITY COVINGTON TRUST ETF 316092527 8,305 7,277 707.88 238 891.67 0.0095
2020-11-16 2020-09-30 13F FIDELITY COVINGTON TRUST ETF 316092527 1,028 1,028 24 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.