# EDGAR Filing Document

**Accession Number:** 0000945908
**File Stem:** 0001752724-25-176676
**Filing Date:** 2025-7
**Character Count:** 17355
**Document Hash:** 80c32fa4ff82f75aa6a76ef31b52585b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-176676.hdr.sgml**: 20250724

**ACCESSION NUMBER**: 0001752724-25-176676

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250724

**DATE AS OF CHANGE**: 20250724

**PERIOD START**: 20250531

**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:** 251146263

**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 Disruptive Finance ETF (Series ID: S000079687)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000240927 | Fidelity Disruptive Finance ETF | FDFF            |

## 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 Disruptive Finance ETF

- **b. EDGAR series identifier (if any):** S000079687

- **c. LEI of Series:** 5493000DCLO8ATIK2K63

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

- **a. Date of fiscal year-end:** 2025-05-31

- **b. Date as of which information is reported:** 2025-05-31

**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:** $54667481.39

**Total Liabilities:** $863656.39

**Net Assets:** $53803825.00

**Cash Not Reported:** $0.38

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000240927 | -4.14%               | 1.03%                | 5.92%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-109710.77              | $-1947360.81                               |
| Month 2  | $-2620100.09             | $3023875.91                                |
| Month 3  | $153.87                  | $2673330.01                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BLUE OWL CAPITAL INC            | BLUE OWL CAPITAL INC A                        | CUSIP: 09581B103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     48307 | NS      | $902374.76    | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| LONDON STOCK EXCHANGE GROUP PLC | LONDON STOCK EXCHANGE GRP PLC                 | CUSIP: N/A<br>LEI: 213800QAUUUP6I445N30       | Long             | EC               | CORP              | GB        |     10750 | NS      | $1633072.40   | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BANKINTER SA                    | BANKINTER SA                                  | CUSIP: N/A<br>LEI: VWMYAEQSTOPNV0SUGU82       | Long             | EC               | CORP              | ES        |    123337 | NS      | $1588087.58   | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| TRADEWEB MARKETS INC            | TRADEWEB MARKETS INC A                        | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6111 | NS      | $882733.95    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| AFFIRM HOLDINGS INC             | AFFIRM HOLDINGS INC                           | CUSIP: 00827B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11954 | NS      | $620412.60    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| WISE PLC                        | WISE PLC                                      | CUSIP: N/A<br>LEI: 213800LD9XCHIC1C4V71       | Long             | EC               | CORP              | GB        |     92209 | NS      | $1365373.37   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC                        | VISA INC CL A                                 | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      9252 | NS      | $3378737.88   | 6.28%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP      | CAPITAL ONE FINANCIAL CORP                    | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |     14636 | NS      | $2768399.40   | 5.15%             |  |  |  | No            |                  1 | On Loan: No      |
| APOLLO GLOBAL MANAGEMENT, INC   | APOLLO GLOBAL MANAGEMENT INC                  | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |     17120 | NS      | $2237412.80   | 4.16%             |  |  |  | No            |                  1 | On Loan: No      |
| NU HOLDINGS LTD/CAYMAN ISLANDS  | NU HOLDINGS LTD/CAYMAN ISLANDS                | CUSIP: N/A<br>LEI: 5493002DG1RHWK9W2X27       | Long             | EC               | CORP              | KY        |     57978 | NS      | $696315.78    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| FINECOBANK SPA                  | FINECOBANK SPA                                | CUSIP: N/A<br>LEI: 549300L7YCATGO57ZE10       | Long             | EC               | CORP              | IT        |     77365 | NS      | $1670794.58   | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUIFAX INC                     | EQUIFAX INC                                   | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |     10191 | NS      | $2692360.29   | 5.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BEAZLEY PLC/UK                  | BEAZLEY PLC/UK                                | CUSIP: N/A<br>LEI: 213800VTOMUWD41GIT12       | Long             | EC               | CORP              | GB        |     58579 | NS      | $744670.74    | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| DBS GROUP HOLDINGS LTD          | DBS GROUP HOLDINGS LTD                        | CUSIP: N/A<br>LEI: 5493007FKT78NKPM5V55       | Long             | EC               | CORP              | SG        |     53763 | NS      | $1864145.27   | 3.46%             |  |  |  | No            |                  1 | On Loan: No      |
| MARKETAXESS HOLDINGS INC        | MARKETAXESS HLDGS INC                         | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |      2320 | NS      | $502071.20    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| HISCOX LTD                      | HISCOX LTD (NE HISCOX BERMUDA)                | CUSIP: N/A<br>LEI: 5493007JXOLJ0QCY2D70       | Long             | EC               | CORP              | BM        |     77337 | NS      | $1313962.08   | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKROCK INC                   | BLACKROCK INC                                 | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |      2530 | NS      | $2479121.70   | 4.61%             |  |  |  | No            |                  1 | On Loan: No      |
| BILL HOLDINGS INC               | BILL HOLDINGS INC                             | CUSIP: 090043100<br>LEI: 549300IBF9VZZIGOZW63 | Long             | EC               | CORP              | US        |      6348 | NS      | $277280.64    | 0.52%             |  |  |  | No            |                  1 | On Loan: —       |
| PATHWARD FINANCIAL INC          | PATHWARD FINANCIAL INC                        | CUSIP: 59100U108<br>LEI: 5493004X52BH1NBLW813 | Long             | EC               | CORP              | US        |      6368 | NS      | $497022.40    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| CORPAY INC                      | CORPAY INC                                    | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |      2041 | NS      | $663549.51    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| FISERV INC                      | FISERV INC                                    | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |      4629 | NS      | $753554.91    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| TOAST INC                       | TOAST INC                                     | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |     37381 | NS      | $1576730.58   | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| VERISK ANALYTICS INC            | VERISK ANALYTICS INC                          | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      2053 | NS      | $644929.42    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE INC   | INTERCONTINENTAL EXCHANGE INC                 | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |      9864 | NS      | $1773547.20   | 3.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ARES MANAGEMENT CORP            | ARES MANAGEMENT CORP CL A                     | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |      4236 | NS      | $701058.00    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ADYEN NV                        | ADYEN BV                                      | CUSIP: N/A<br>LEI: 724500973ODKK3IFQ447       | Long             | EC               | CORP              | NL        |      1478 | NS      | $2835478.44   | 5.27%             |  |  |  | No            |                  1 | On Loan: No      |
| PENNYMAC FINANCIAL SERVICES INC | PENNYMAC FINANCIAL SERVICES INC               | CUSIP: 70932M107<br>LEI: 549300W1D516HBDEU871 | Long             | EC               | CORP              | US        |      5060 | NS      | $485760.00    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust    | Fidelity Cash Central Fund                    | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |   1253779 | NS      | $1254030.19   | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN HOMES 4 RENT           | AMERICAN HOMES 4 RENT                         | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |     12818 | NS      | $485161.30    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSTRATEGY INC               | MICROSTRATEGY INC CL A                        | CUSIP: 594972408<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EC               | CORP              | US        |      2694 | NS      | $994247.64    | 1.85%             |  |  |  | No            |                  1 | On Loan: —       |
| BLOCK INC                       | BLOCK INC CL A                                | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |     35754 | NS      | $2207809.50   | 4.10%             |  |  |  | No            |                  1 | On Loan: No      |
| VIRTU FINANCIAL INC             | VIRTU FINANCIAL INC- CL A                     | CUSIP: 928254101<br>LEI: 5493001OPW2K42CH3884 | Long             | EC               | CORP              | US        |     15015 | NS      | $603452.85    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| DNB BANK ASA                    | DNB BANK ASA                                  | CUSIP: N/A<br>LEI: 549300GKFG0RYRRQ1414       | Long             | EC               | CORP              | NO        |     34105 | NS      | $913150.90    | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| CBOE GLOBAL MARKETS INC         | CBOE GLOBAL MARKETS INC                       | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |      3949 | NS      | $904794.88    | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLY FINANCIAL INC              | ALLY FINANCIAL INC                            | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               | CORP              | US        |     18098 | NS      | $633430.00    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| BALDWIN INSURANCE GROUP INC/THE | BALDWIN INSURANCE GROUP INC/THE               | CUSIP: 05589G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22065 | NS      | $850164.45    | 1.58%             |  |  |  | No            |                  1 | On Loan: —       |
| UWM HOLDINGS CORP               | UWM HOLDINGS CORP CL A                        | CUSIP: 91823B109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     78983 | NS      | $339626.90    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCADOLIBRE INC                | MERCADOLIBRE INC                              | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |       228 | NS      | $584430.12    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI INC                        | MSCI INC                                      | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |       929 | NS      | $523974.58    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust    | Fidelity Securities Lending Cash Central Fund | CUSIP: 31635A303<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |    842266 | NS      | $842350.00    | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| AVIDXCHANGE HOLDINGS INC        | AVIDXCHANGE HOLDINGS INC                      | CUSIP: 05368X102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    251152 | NS      | $2458778.08   | 4.57%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INC                  | MASTERCARD INC CL A                           | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      5928 | NS      | $3471436.80   | 6.45%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

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

**Signature:** Stacie M. Smith

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

**Title:** President and Treasurer