# EDGAR Filing Document

**Accession Number:** 0000945908
**File Stem:** 0001752724-25-198451
**Filing Date:** 2025-8
**Character Count:** 21075
**Document Hash:** 57234b424688fb2428afd64c2768862f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-198451.hdr.sgml**: 20250822

**ACCESSION NUMBER**: 0001752724-25-198451

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250822

**DATE AS OF CHANGE**: 20250822

**PERIOD START**: 20250630

**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:** 251243256

**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 Crypto Industry and Digital Payments ETF (Series ID: S000075902)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000235243 | Fidelity Crypto Industry and Digital Payments ETF | FDIG            |

## 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 Crypto Industry and Digital Payments ETF

- **b. EDGAR series identifier (if any):** S000075902

- **c. LEI of Series:** 5493000W2GFOGPRX0Z53

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

- **a. Date of fiscal year-end:** 2025-06-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $248101073.73

**Total Liabilities:** $52534141.14

**Net Assets:** $195566932.59

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000235243 | 7.14%                | 13.20%               | 21.14%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $246909.67               | $8954284.27                                |
| Month 2  | $0.00                    | $18643511.77                               |
| Month 3  | $-982299.04              | $34987283.72                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CORE SCIENTIFIC INC                     | CORE SCIENTIFIC INC                           | CUSIP: 21874A106<br>LEI: 5299003RGB2LAZ65RK73 | Long             | EC               | CORP              | US        |    465674 | NS      | $7949055.18   | 4.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BIT DIGITAL INC                         | BIT DIGITAL INC                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |   1207510 | NS      | $2644446.90   | 1.35%             |  |  |  | No            |                  1 | On Loan: —       |
| STONECO LTD                             | STONECO LTD CL A                              | CUSIP: N/A<br>LEI: 549300O1A9LEF0XZCR35       | Long             | EC               | CORP              | KY        |    191548 | NS      | $3072429.92   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBINHOOD MARKETS INC                   | ROBINHOOD MARKETS INC                         | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |     48874 | NS      | $4576072.62   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ETORO GROUP LTD                         | ETORO GROUP LTD                               | CUSIP: N/A<br>LEI: 213800XPRPJK2X5QRG86       | Long             | EC               | CORP              | VG        |     79977 | NS      | $5325668.43   | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC                                | VISA INC CL A                                 | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      7199 | NS      | $2556004.95   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| HIVE DIGITAL TECHNOLOGIES LTD           | HIVE DIGITAL TECHNOLOGIES LTD                 | CUSIP: 433921103<br>LEI: 5493004QCZ1QBI9FS784 | Long             | EC               | CORP              | CA        |   1230110 | NS      | $2214198.00   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CERES INC/JAPAN                         | CERES INC/JAPAN                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    142800 | NS      | $2472517.57   | 1.26%             |  |  |  | No            |                  1 | On Loan: —       |
| MARA HOLDINGS INC                       | MARA HOLDINGS INC                             | CUSIP: 565788106<br>LEI: 549300M8ISKPTX2W7F94 | Long             | EC               | CORP              | US        |    678717 | NS      | $10642282.56  | 5.44%             |  |  |  | No            |                  1 | On Loan: —       |
| EXODUS MOVEMENT INC                     | EXODUS MOVEMENT INC                           | CUSIP: 30209R106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38895 | NS      | $1121342.85   | 0.57%             |  |  |  | No            |                  1 | On Loan: —       |
| WEX INC                                 | WEX INC                                       | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | EC               | CORP              | US        |     19158 | NS      | $2814118.62   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| BITFARMS LTD/CANADA                     | BITFARMS LTD/CANADA                           | CUSIP: 09173B107<br>LEI: 254900YWMA64Y1RPNJ12 | Long             | EC               | CORP              | CA        |   2921042 | NS      | $2419038.08   | 1.24%             |  |  |  | No            |                  1 | On Loan: —       |
| GMO PAYMENT GATEWAY INC                 | GMO PAYMENT GATEWAY INC                       | CUSIP: N/A<br>LEI: 353800Q6U21E2PM83F86       | Long             | EC               | CORP              | JP        |     28900 | NS      | $1868911.35   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED DIGITAL CORP                    | APPLIED DIGITAL CORP                          | CUSIP: 038169207<br>LEI: 2549004NE2B6RYXINZ02 | Long             | EC               | CORP              | US        |    661460 | NS      | $6660902.20   | 3.41%             |  |  |  | No            |                  1 | On Loan: —       |
| CHICAGO MERCANTILE EXCH INC             | E-MINI RUSS 2000 FUT SEP25 RTYU5              | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DE               | CORP              | US        |         3 | NC      | $11200.22     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MONEX GROUP INC                         | MONEX GROUP INC                               | CUSIP: N/A<br>LEI: 353800SGXKLYGPUJ4648       | Long             | EC               | CORP              | JP        |    473000 | NS      | $2321693.38   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCH INC             | NASD100 MICRO FUT EMINSEP25 HWBU5             | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DE               | CORP              | US        |         2 | NC      | $4091.20      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXI SPA                                | NEXI SPA                                      | CUSIP: N/A<br>LEI: 5493000P70CQRQG8SN85       | Long             | EC               | CORP              | IT        |    409523 | NS      | $2439166.05   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| CANAAN INC                              | CANAAN INC ADR                                | CUSIP: 134748102<br>LEI: 254900OEOGK9ALNMUN24 | Long             | EC               | CORP              | KY        |   3240398 | NS      | $2003538.08   | 1.02%             |  |  |  | No            |                  1 | On Loan: —       |
| HUT 8 CORP                              | HUT 8 CORP                                    | CUSIP: 44812J104<br>LEI: 5493006XP230HIL5DH67 | Long             | EC               | CORP              | US        |    270979 | NS      | $5040209.40   | 2.58%             |  |  |  | No            |                  1 | On Loan: —       |
| PAYMENTUS HOLDINGS INC                  | PAYMENTUS HOLDINGS INC CL A                   | CUSIP: 70439P108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51042 | NS      | $1671625.50   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYPAL HLDGS INC                        | PAYPAL HLDGS INC                              | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |     36389 | NS      | $2704430.48   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| BOYAA INTERACTIVE INTERNATIONAL LIMITED | BOYAA INTERACTIVE INTERNATIONAL LIMITED       | CUSIP: N/A<br>LEI: 529900S38ZOYWV30WR67       | Long             | EC               | CORP              | KY        |   2147000 | NS      | $1517942.68   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| CORPAY INC                              | CORPAY INC                                    | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |      8104 | NS      | $2689069.28   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| FISERV INC                              | FISERV INC                                    | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |     16137 | NS      | $2782180.17   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| BAKKT HOLDINGS INC                      | BAKKT HOLDINGS INC A                          | CUSIP: 05759B305<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    115692 | NS      | $1613903.40   | 0.83%             |  |  |  | No            |                  1 | On Loan: —       |
| PAGSEGURO DIGITAL LTD                   | PAGSEGURO DIGITAL LTD CL A                    | CUSIP: N/A<br>LEI: 391200VY4YW47I4HGH62       | Long             | EC               | CORP              | KY        |    289700 | NS      | $2792708.00   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| MARQETA INC                             | MARQETA INC CL A                              | CUSIP: 57142B104<br>LEI: 254900UZARK0FMZGZE18 | Long             | EC               | CORP              | US        |    449346 | NS      | $2619687.18   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| COINBASE GLOBAL INC                     | COINBASE GLOBAL INC                           | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Long             | EC               | CORP              | US        |     81356 | NS      | $28514464.44  | 14.58%            |  |  |  | No            |                  1 | On Loan: No      |
| ADYEN NV                                | ADYEN BV                                      | CUSIP: N/A<br>LEI: 724500973ODKK3IFQ447       | Long             | EC               | CORP              | NL        |      1377 | NS      | $2518984.44   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYONEER GLOBAL INC                     | PAYONEER GLOBAL INC                           | CUSIP: 70451X104<br>LEI: 984500491C64C70FF033 | Long             | EC               | CORP              | US        |    308583 | NS      | $2113793.55   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust            | Fidelity Cash Central Fund                    | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |    425668 | NS      | $425753.15    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| BITDEER TECHNOLOGIES GROUP              | BITDEER TECHNOLOGIES GROUP                    | CUSIP: N/A<br>LEI: 2549007M2KGWVJ9XFP20       | Long             | EC               | CORP              | KY        |    328363 | NS      | $3769607.24   | 1.93%             |  |  |  | No            |                  1 | On Loan: —       |
| BLOCK INC                               | BLOCK INC CL A                                | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |     96360 | NS      | $6545734.80   | 3.35%             |  |  |  | No            |                  1 | On Loan: No      |
| FLYWIRE CORP                            | FLYWIRE CORP                                  | CUSIP: 302492103<br>LEI: 54930055DSV7NNY4VY66 | Long             | EC               | CORP              | US        |    209459 | NS      | $2450670.30   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| CLEANSPARK INC                          | CLEANSPARK INC                                | CUSIP: 18452B209<br>LEI: 254900VO7KBRJQDGY810 | Long             | EC               | CORP              | US        |    726241 | NS      | $8010438.23   | 4.10%             |  |  |  | No            |                  1 | On Loan: —       |
| SHOPIFY INC                             | SHOPIFY INC CL A                              | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |     25548 | NS      | $2940688.08   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| TERAWULF INC                            | TERAWULF INC                                  | CUSIP: 88080T104<br>LEI: 254900CVMW1SX2T78A64 | Long             | EC               | CORP              | US        |   1337268 | NS      | $5857233.84   | 3.00%             |  |  |  | No            |                  1 | On Loan: —       |
| CIPHER MINING INC                       | CIPHER MINING INC                             | CUSIP: 17253J106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    949629 | NS      | $4539226.62   | 2.32%             |  |  |  | No            |                  1 | On Loan: —       |
| RIOT PLATFORMS INC                      | RIOT PLATFORMS INC                            | CUSIP: 767292105<br>LEI: 5299005LKZAJQDQZDF73 | Long             | EC               | CORP              | US        |    775737 | NS      | $8765828.10   | 4.48%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL PAYMENTS INC                     | GLOBAL PAYMENTS INC                           | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |     34543 | NS      | $2764821.72   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| GALAXY DIGITAL INC                      | GALAXY DIGITAL INC A                          | CUSIP: 36317J209<br>LEI: 9845001C4070E5N07806 | Long             | EC               | CORP              | US        |    127885 | NS      | $2794819.13   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust            | Fidelity Securities Lending Cash Central Fund | CUSIP: 31635A303<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |  52407191 | NS      | $52412431.74  | 26.80%            |  |  |  | No            |                  1 | On Loan: No      |
| GMO INTERNET GROUP INC                  | GMO INTERNET GROUP INC                        | CUSIP: N/A<br>LEI: 529900BFZEY3BESHBW90       | Long             | EC               | CORP              | JP        |     65100 | NS      | $1625640.90   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INC                          | MASTERCARD INC CL A                           | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      4535 | NS      | $2548397.90   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| SBI HLDGS INC JAPAN                     | SBI HOLDINGS INC                              | CUSIP: N/A<br>LEI: 353800L6LMHYIPSMRQ17       | Long             | EC               | CORP              | JP        |    112600 | NS      | $3921063.38   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PHOENIX GROUP PLC                       | PHOENIX GROUP PLC                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AE        |   4601053 | NS      | $2004352.15   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SHIFT4 PAYMENTS INC                     | SHIFT4 PAYMENTS INC                           | CUSIP: 82452J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28137 | NS      | $2788658.07   | 1.43%             |  |  |  | No            |                  1 | On Loan: —       |
| MY E.G.SERVICES BERHAD                  | MY E.G.SERVICES BERHAD                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |   8299700 | NS      | $1872631.52   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHERN DATA AG                        | NORTHERN DATA AG                              | CUSIP: N/A<br>LEI: 391200LB6JA3HAQWTS32       | Long             | EC               | CORP              | DE        |     30072 | NS      | $847200.41    | 0.43%             |  |  |  | No            |                  1 | On Loan: —       |
| IREN LTD                                | IREN LTD                                      | CUSIP: N/A<br>LEI: 254900FZF02RB3NNGB71       | Long             | EC               | CORP              | AU        |    570760 | NS      | $8315973.20   | 4.25%             |  |  |  | No            |                  1 | On Loan: —       |
| ZIP CO LTD                              | ZIP CO LTD                                    | CUSIP: N/A<br>LEI: 254900RM95URFC15G140       | Long             | EC               | CORP              | AU        |   1523865 | NS      | $3065901.33   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

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

**Signature:** Stacie M. Smith

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

**Title:** President and Treasurer