Fidelity Covington Trust - Fidelity MSCI 부동산 지수 ETF
US ˙ ARCA ˙ US3160928574

SecurityFREL / Fidelity Covington Trust - Fidelity MSCI Real Estate Index ETF
InstitutionCommonwealth Equity Services, Llc
Latest Disclosed Ownership532,679 shares
Latest Disclosed Value $ 14,323,730
Commonwealth Equity Services, Llc reports 4.81% increase in ownership of FREL / Fidelity Covington Trust - Fidelity MSCI Real Estate Index ETF

On February 12, 2026 - Commonwealth Equity Services, Llc filed a 13F-HR form disclosing ownership of 532,679 shares of Fidelity Covington Trust - Fidelity MSCI Real Estate Index ETF (US:FREL) valued at $14,323,738 USD as of December 31, 2025. The entity filed a previous 13F-HR on October 22, 2025 disclosing 508,219 shares of Fidelity Covington Trust - Fidelity MSCI Real Estate Index ETF. This represents a change in shares of 4.81% during the quarter. The current value of the position is $15,543,573 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)
2026-02-12 2025-12-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 532,679 24,460 4.81 14,324 102,207.14
2025-10-22 2025-09-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 508,219 -7,304 -1.42 14 7.69 0.0183
2025-08-06 2025-06-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 515,523 -64,154 -11.07 14 -13.33 0.0184
2025-05-09 2025-03-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 579,677 12,870 2.27 16 0.00 0.0225
2025-02-10 2024-12-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 566,807 118,562 26.45 15 15.38 0.0224
2024-10-18 2024-09-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 448,245 58,820 15.10 13 44.44 0.0200
2024-07-31 2024-06-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 389,425 -30,608 -7.29 10 -10.00 0.0156
2024-04-29 2024-03-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 420,033 -122,506 -22.58 11 -28.57 0.0182
2024-02-06 2023-12-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 542,539 165 0.03 14 16.67 0.0265
2023-10-23 2023-09-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 542,374 722 0.13 12 -7.69 0.0256
2023-08-10 2023-06-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 541,652 -146,266 -21.26 14 -23.53 0.0276
2023-05-11 2023-03-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 687,918 -201,961 -22.70 17 -22.73 0.0360
2023-02-07 2022-12-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 889,879 -1,055 -0.12 22 -99.90 0.0531
2022-11-14 2022-09-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 890,934 -62,711 -6.58 21,311 -17.72 0.0549
2022-07-19 2022-06-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 953,645 50,494 5.59 25,901 -11.46 0.0675
2022-05-04 2022-03-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 903,151 152,079 20.25 29,253 12.18 0.0669
2022-01-31 2021-12-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 751,072 49,285 7.02 26,077 22.23 0.0587
2021-10-29 2021-09-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 701,787 68,176 10.76 21,334 10.65 0.0536
2021-08-11 2021-06-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 633,611 23,426 3.84 19,280 14.95 0.0490
2021-05-04 2021-03-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 610,185 -28,381 -4.44 16,773 3.50 0.0474
2021-02-11 2020-12-31 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 638,566 -4,855 -0.75 16,206 7.18 0.0488
2020-11-05 2020-09-30 13F FIDELITY COVINGTON TRUST MSCI RL EST ETF 316092857 643,421 61,670 10.60 15,120 11.17 0.0516
2020-08-12 2020-06-30 13F FIDELITY COVINGTON TR MSCI RL EST ETF 316092857 581,751 -247,784 -29.87 13,601 -21.17 0.0513
2020-05-11 2020-03-31 13F FIDELITY COVINGTON TR MSCI RL EST ETF 316092857 829,535 57,916 7.51 17,254 -19.74 0.0804
2020-02-05 2019-12-31 13F FIDELITY COVINGTON TR MSCI RL EST ETF 316092857 771,619 6,555 0.86 21,497 0.71 0.0818
2019-10-30 2019-09-30 13F FIDELITY COVINGTON TR MSCI RL EST ETF 316092857 765,064 157,116 25.84 21,345 34.11 0.0911
2019-07-19 2019-06-30 13F FIDELITY MSCI RL EST ETF 316092857 607,948 -70,092 -10.34 15,916 -9.61 0.0701
2019-05-13 2019-03-31 13F FIDELITY MSCI RL EST ETF 316092857 678,040 322,236 90.57 17,608 121.04 0.0813
2019-02-11 2018-12-31 13F FIDELITY MSCI RL EST ETF 316092857 355,804 25,728 7.79 7,966 0.28 0.0423
2018-11-06 2018-09-30 13F FIDELITY MSCI RL EST ETF 316092857 330,076 -30,362 -8.42 7,944 -10.19 0.0380
2018-07-31 2018-06-30 13F FIDELITY MSCI RL EST ETF 316092857 360,438 -12,711 -3.41 8,845 3.61 0.0462
2018-05-14 2018-03-31 13F FIDELITY MSCI RL EST ETF 316092857 373,149 -38,507 -9.35 8,537 -16.04 0.0463
2018-02-12 2017-12-31 13F FIDELITY MSCI RL EST ETF 316092857 411,656 411,656 10,168 0.0556
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.