# EDGAR Filing Document

**Accession Number:** 0000945908
**File Stem:** 0000035402-26-001992
**Filing Date:** 2026-3
**Character Count:** 21813
**Document Hash:** d310b3170fb6d3d746bb45a5bc3d945a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035402-26-001992.hdr.sgml**: 20260325

**ACCESSION NUMBER**: 0000035402-26-001992

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260325

**DATE AS OF CHANGE**: 20260325

**PERIOD START**: 20260731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY COVINGTON TRUST
- **CENTRAL INDEX KEY:** 0000945908

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07319
- **FILM NUMBER:** 26790575

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-563-7000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

## Series and Classes Contracts Data

### Fidelity Magellan ETF (Series ID: S000070234)

| Class ID   | Class Name            | Ticker Symbol   |
|:---|:---|:---|
| C000223345 | Fidelity Magellan ETF | FMAG            |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Fidelity Covington Trust

- **b. Investment Company Act file number:** 811-07319

- **c. CIK number of Registrant:** 0000945908

- **d. LEI of Registrant:** 549300JFYFTF85QAQR28

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 245 Summer Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

  - **Telephone number:** 1-800-FIDELITY

**Item A.2. Information about the Series.**

- **a. Name of Series:** Fidelity Magellan ETF

- **b. EDGAR series identifier (if any):** S000070234

- **c. LEI of Series:** 549300LSRMULK046QF21

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-07-31

- **b. Date as of which information is reported:** 2026-01-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $257808449.09

**Total Liabilities:** $124779.49

**Net Assets:** $257683669.60

**Cash Not Reported:** $390217.91

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000223345 | -1.60%               | -1.02%               | 0.52%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $925500.36               | $-5465935.41                               |
| Month 2  | $1163112.70              | $-3948398.15                               |
| Month 3  | $657143.88               | $817548.45                                 |

### Schedule of Portfolio Investments

| Name                             | Title                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AMAZON.COM INC                   | AMAZON.COM INC                   | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     66407 | NS      | $15891195.10  | 6.17%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN EXPRESS CO              | AMERICAN EXPRESS CO              | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |      9562 | NS      | $3367449.54   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| CENCORA INC                      | CENCORA INC                      | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |      8200 | NS      | $2945604.00   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| AMPHENOL CORPORATION NEW         | AMPHENOL CORPORATION CL A        | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     30835 | NS      | $4442706.80   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| ARES MANAGEMENT CORP             | ARES MANAGEMENT CORP CL A        | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |     20488 | NS      | $3066438.96   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTOZONE INC                     | AUTOZONE INC                     | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |       828 | NS      | $3067152.12   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| BOSTON SCIENTIFIC CORP           | BOSTON SCIENTIFIC CORP           | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |     37156 | NS      | $3475200.68   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| BROWN and BROWN INC              | BROWN and BROWN INC              | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |        64 | NS      | $4614.40      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CME GROUP INC                    | CME GROUP INC CL A               | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |     12861 | NS      | $3717600.66   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| CADENCE DESIGN SYSTEMS INC       | CADENCE DESIGN SYSTEMS INC       | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |     14170 | NS      | $4199421.20   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| CINTAS CORP                      | CINTAS CORP                      | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15773 | NS      | $3018794.47   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION SOFTWARE INC       | CONSTELLATION SOFTWARE INC       | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |         2 | NS      | $3691.05      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| COSTCO WHOLESALE CORP            | COSTCO WHOLESALE CORP            | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      5006 | NS      | $4706891.50   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS INC               | META PLATFORMS INC CL A          | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     16798 | NS      | $12035767.00  | 4.67%             |  |  |  | No            |                  1 | On Loan: No      |
| GALLAGHER (ARTHUR J.) and CO     | ARTHUR J GALLAGHAR AND CO        | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |     11726 | NS      | $2924112.62   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| GE AEROSPACE                     | GE AEROSPACE                     | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |     17366 | NS      | $5327715.14   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA HEALTHCARE INC               | HCA HEALTHCARE INC               | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |      6417 | NS      | $3133228.59   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO CORP NEW                   | HEICO CORP CL A                  | CUSIP: 422806208<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |     14897 | NS      | $3792627.23   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| HILTON WORLDWIDE HOLDINGS INC    | HILTON WORLDWIDE HOLDINGS INC    | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |     14653 | NS      | $4374067.03   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA CORP                         | KLA CORP                         | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      3370 | NS      | $4812157.80   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR and CO INC                   | KKR and CO INC                   | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |     27669 | NS      | $3161459.94   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| EATON CORP PLC                   | EATON CORP PLC                   | CUSIP: N/A<br>LEI: 549300VDIGTMXUNT7H71       | Long             | EC               | CORP              | IE        |     12291 | NS      | $4319303.22   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANE TECHNOLOGIES PLC           | TRANE TECHNOLOGIES PLC           | CUSIP: N/A<br>LEI: 549300BURLR9SLYY2705       | Long             | EC               | CORP              | IE        |      9846 | NS      | $4141030.68   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| MARSH and MCLENNAN COS INC       | MARSH and MCLENNAN COS INC       | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |     17352 | NS      | $3265472.88   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| MARRIOTT INTERNATIONAL INC/MD    | MARRIOTT INTERNATIONAL INC A     | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |     11846 | NS      | $3735043.80   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| MARTIN MARIETTA MATERIALS INC    | MARTIN MARIETTA MATERIALS INC    | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |      6146 | NS      | $4006884.70   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INC                   | MASTERCARD INC CL A              | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      9237 | NS      | $4976803.23   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| S and P GLOBAL INC               | S and P GLOBAL INC               | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |      7084 | NS      | $3738864.36   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| MCKESSON CORP                    | MCKESSON CORP                    | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      4335 | NS      | $3603295.35   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCADOLIBRE INC                 | MERCADOLIBRE INC                 | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |         3 | NS      | $6443.37      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                   | MICROSOFT CORP                   | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     45728 | NS      | $19676301.12  | 7.64%             |  |  |  | No            |                  1 | On Loan: No      |
| MOODYS CORP                      | MOODYS CORP                      | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |      6937 | NS      | $3576439.72   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| MOTOROLA SOLUTIONS INC           | MOTOROLA SOLUTIONS INC           | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |      9448 | NS      | $3803197.92   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| NETFLIX INC                      | NETFLIX INC                      | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |     47956 | NS      | $4003846.44   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORP                      | NVIDIA CORP                      | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    144508 | NS      | $27619814.04  | 10.72%            |  |  |  | No            |                  1 | On Loan: No      |
| OREILLY AUTOMOTIVE INC           | O'REILLY AUTOMOTIVE INC          | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |     36327 | NS      | $3574940.07   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| UBER TECHNOLOGIES INC            | UBER TECHNOLOGIES INC            | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |        76 | NS      | $6083.80      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BOOKING HOLDINGS INC             | THE BOOKING HOLDINGS INC         | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |         2 | NS      | $10003.68     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PROGRESSIVE CORP OHIO            | PROGRESSIVE CORP OHIO            | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |        32 | NS      | $6656.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| WASTE CONNECTION INC             | WASTE CONNECTIONS INC            | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |     15902 | NS      | $2665175.20   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| QUANTA SVCS INC                  | QUANTA SVCS INC                  | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |      8848 | NS      | $4199526.24   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| REPUBLIC SERVICES INC            | REPUBLIC SERVICES INC            | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |     13632 | NS      | $2932106.88   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ROLLINS INC                      | ROLLINS INC                      | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |     46099 | NS      | $2919910.66   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNOPSYS INC                     | SYNOPSYS INC                     | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |     10672 | NS      | $4963707.28   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| TAIWAN SEMICONDUCTOR MFG CO LTD  | TAIWAN SEMIC MFG CO LTD SP ADR   | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     16341 | NS      | $5401680.96   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSDIGM GROUP INC              | TRANSDIGM GROUP INC              | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2772 | NS      | $3957140.88   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED RENTALS INC               | UNITED RENTALS INC               | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |         7 | NS      | $5474.42      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| VERISK ANALYTICS INC             | VERISK ANALYTICS INC             | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |        26 | NS      | $5653.96      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC                         | VISA INC CL A                    | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     16854 | NS      | $5424122.82   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| VULCAN MATERIALS CO              | VULCAN MATERIALS CO              | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |     11395 | NS      | $3424653.30   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE TECH CORP | WESTINGHOUSE AIR BRAKE TECH CORP | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |     15898 | NS      | $3658765.72   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLTOWER INC                    | WELLTOWER INC                    | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |     17434 | NS      | $3283868.24   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| VISTRA CORP                      | VISTRA CORP                      | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |     18520 | NS      | $2932642.00   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC                     | BROADCOM INC                     | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     37066 | NS      | $12279965.80  | 4.77%             |  |  |  | No            |                  1 | On Loan: No      |
| APOLLO GLOBAL MANAGEMENT, INC    | APOLLO GLOBAL MANAGEMENT INC     | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |     25367 | NS      | $3412876.18   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION ENERGY CORP        | CONSTELLATION ENERGY CORP        | CUSIP: 21037T109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10301 | NS      | $2891284.68   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| LINDE PLC                        | LINDE PLC                        | CUSIP: N/A<br>LEI: 5299003QR1WT0EF88V51       | Long             | EC               | CORP              | IE        |      8359 | NS      | $3819812.23   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| ARISTA NETWORKS INC              | ARISTA NETWORKS INC              | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     25891 | NS      | $3669790.34   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-02

**Name of Applicant:** Stacie M. Smith

**Signature:** Stacie M. Smith

**Name of Signer:** Stacie M. Smith

**Title:** President and Treasurer