# EDGAR Filing Document

**Accession Number:** 0000945908
**File Stem:** 0000035402-26-001153
**Filing Date:** 2026-2
**Character Count:** 24439
**Document Hash:** 846f984f03635bd581e05e874803d898
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035402-26-001153.hdr.sgml**: 20260224

**ACCESSION NUMBER**: 0000035402-26-001153

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260224

**DATE AS OF CHANGE**: 20260224

**PERIOD START**: 20260630

**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:** 26670214

**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:** 2026-06-30

- **b. Date as of which information is reported:** 2025-12-31

**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:** $330054269.03

**Total Liabilities:** $72653507.14

**Net Assets:** $257400761.89

**Cash Not Reported:** $175104.44

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000235243 | 8.47%                | -15.59%              | -13.19%              |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $9132.57                 | $23583619.93                               |
| Month 2  | $488.23                  | $-54149656.11                              |
| Month 3  | $8976387.95              | $-46658932.67                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CHICAGO MERCANTILE EXCH INC             | E-MINI RUSS 2000 FUT MAR26 RTYH6              | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DE               | CORP              | US        |         4 | NC      | $-12011.02    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CORE SCIENTIFIC INC                     | CORE SCIENTIFIC INC                           | CUSIP: 21874A106<br>LEI: 5299003RGB2LAZ65RK73 | Long             | EC               | CORP              | US        |    400172 | NS      | $5826504.32   | 2.26%             |  |  |  | No            |                  1 | On Loan: —       |
| CIRCLE INTERNET GROUP INC               | CIRCLE INTERNET GROUP INC A                   | CUSIP: 172573107<br>LEI: 254900HFVVR6NPMQVN93 | Long             | EC               | CORP              | US        |    152717 | NS      | $12110458.10  | 4.70%             |  |  |  | No            |                  1 | On Loan: No      |
| BULLISH                                 | BULLISH                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |    127968 | NS      | $4846148.16   | 1.88%             |  |  |  | No            |                  1 | On Loan: —       |
| OSL GROUP LTD                           | OSL GROUP LTD                                 | CUSIP: N/A<br>LEI: 254900CO7POSAPH8UL47       | Long             | EC               | CORP              | KY        |    973000 | NS      | $2125136.51   | 0.83%             |  |  |  | No            |                  1 | On Loan: —       |
| BIT DIGITAL INC                         | BIT DIGITAL INC                               | CUSIP: N/A<br>LEI: 2549005XLPRWS7HWCM31       | Long             | EC               | CORP              | KY        |   1837240 | NS      | $3472383.60   | 1.35%             |  |  |  | No            |                  1 | On Loan: —       |
| GEMINI SPACE STATION INC                | GEMINI SPACE STATION INC                      | CUSIP: 36866J105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    277971 | NS      | $2757472.32   | 1.07%             |  |  |  | No            |                  1 | On Loan: —       |
| STONECO LTD                             | STONECO LTD CL A                              | CUSIP: N/A<br>LEI: 549300O1A9LEF0XZCR35       | Long             | EC               | CORP              | KY        |    278820 | NS      | $4123747.80   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| CAICA DIGITAL INC                       | CAICA DIGITAL INC                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |   2425000 | NS      | $1485214.84   | 0.58%             |  |  |  | No            |                  1 | On Loan: —       |
| ROBINHOOD MARKETS INC                   | ROBINHOOD MARKETS INC                         | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |     43044 | NS      | $4868276.40   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| ETORO GROUP LTD                         | ETORO GROUP LTD                               | CUSIP: N/A<br>LEI: 213800XPRPJK2X5QRG86       | Long             | EC               | CORP              | VG        |     82973 | NS      | $2914841.49   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| KLARNA GROUP PLC                        | KLARNA GROUP PLC                              | CUSIP: N/A<br>LEI: 636700HER4JIK7GZUN17       | Long             | EC               | CORP              | GB        |    136166 | NS      | $3936559.06   | 1.53%             |  |  |  | No            |                  1 | On Loan: —       |
| VISA INC                                | VISA INC CL A                                 | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     13529 | NS      | $4744755.59   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| HIVE DIGITAL TECHNOLOGIES LTD           | HIVE DIGITAL TECHNOLOGIES LTD                 | CUSIP: 433921103<br>LEI: 5493004QCZ1QBI9FS784 | Long             | EC               | CORP              | CA        |   1324644 | NS      | $3417581.52   | 1.33%             |  |  |  | No            |                  1 | On Loan: —       |
| CERES INC/JAPAN                         | CERES INC/JAPAN                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    122600 | NS      | $1519740.98   | 0.59%             |  |  |  | No            |                  1 | On Loan: —       |
| BITMINE IMMERSION TECHNOLOGIES INC      | BITMINE IMMERSION TECHNOLOGIES INC            | CUSIP: 09175A206<br>LEI: 254900TGJJ1D9JNAQT27 | Long             | EC               | CORP              | US        |    349458 | NS      | $9487784.70   | 3.69%             |  |  |  | No            |                  1 | On Loan: No      |
| FIGURE TECHNOLOGY SOLUTIONS INC         | FIGURE TECHNOLOGY SOLUTIONS INC A             | CUSIP: 349381103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    134099 | NS      | $5476603.16   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MARA HOLDINGS INC                       | MARA HOLDINGS INC                             | CUSIP: 565788106<br>LEI: 549300M8ISKPTX2W7F94 | Long             | EC               | CORP              | US        |    734156 | NS      | $6592720.88   | 2.56%             |  |  |  | No            |                  1 | On Loan: —       |
| EXODUS MOVEMENT INC                     | EXODUS MOVEMENT INC                           | CUSIP: 30209R106<br>LEI: 984500E614L4114D9667 | Long             | EC               | CORP              | US        |     74668 | NS      | $1104339.72   | 0.43%             |  |  |  | No            |                  1 | On Loan: —       |
| WEX INC                                 | WEX INC                                       | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | EC               | CORP              | US        |     25617 | NS      | $3816420.66   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| BITFARMS LTD/CANADA                     | BITFARMS LTD/CANADA                           | CUSIP: 09173B107<br>LEI: 254900YWMA64Y1RPNJ12 | Long             | EC               | CORP              | CA        |   1843943 | NS      | $4345019.80   | 1.69%             |  |  |  | No            |                  1 | On Loan: —       |
| APPLIED DIGITAL CORP                    | APPLIED DIGITAL CORP                          | CUSIP: 038169207<br>LEI: 2549004NE2B6RYXINZ02 | Long             | EC               | CORP              | US        |    369568 | NS      | $9061807.36   | 3.52%             |  |  |  | No            |                  1 | On Loan: —       |
| DIGI POWER X INC                        | DIGI POWER X INC                              | CUSIP: 25380B102<br>LEI: 5299001U7RVW74W46M33 | Long             | EC               | CORP              | CA        |    560749 | NS      | $1429909.95   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| BTCS INC                                | BTCS INC                                      | CUSIP: 05581M404<br>LEI: 549300HVP35DWSOZOH21 | Long             | EC               | CORP              | US        |    722604 | NS      | $1907674.56   | 0.74%             |  |  |  | No            |                  1 | On Loan: —       |
| MONEX GROUP INC                         | MONEX GROUP INC                               | CUSIP: N/A<br>LEI: 353800SGXKLYGPUJ4648       | Long             | EC               | CORP              | JP        |    465300 | NS      | $2169985.01   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXI SPA                                | NEXI SPA                                      | CUSIP: N/A<br>LEI: 5493000P70CQRQG8SN85       | Long             | EC               | CORP              | IT        |    657819 | NS      | $3261041.28   | 1.27%             |  |  |  | No            |                  1 | On Loan: —       |
| CANAAN INC                              | CANAAN INC ADR                                | CUSIP: 134748102<br>LEI: 254900OEOGK9ALNMUN24 | Long             | EC               | CORP              | KY        |   3480606 | NS      | $2401618.14   | 0.93%             |  |  |  | No            |                  1 | On Loan: —       |
| HUT 8 CORP                              | HUT 8 CORP                                    | CUSIP: 44812J104<br>LEI: 5493006XP230HIL5DH67 | Long             | EC               | CORP              | US        |    156405 | NS      | $7185245.70   | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYMENTUS HOLDINGS INC                  | PAYMENTUS HOLDINGS INC CL A                   | CUSIP: 70439P108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     78709 | NS      | $2486417.31   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYPAL HOLDINGS INC                     | PAYPAL HLDGS INC                              | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |     71690 | NS      | $4185262.20   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| BOYAA INTERACTIVE INTERNATIONAL LIMITED | BOYAA INTERACTIVE INTERNATIONAL LIMITED       | CUSIP: N/A<br>LEI: 529900S38ZOYWV30WR67       | Long             | EC               | CORP              | KY        |   2724000 | NS      | $1196901.14   | 0.46%             |  |  |  | No            |                  1 | On Loan: —       |
| CORPAY INC                              | CORPAY INC                                    | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |     14881 | NS      | $4478139.33   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| GALAXY DIGITAL INC                      | GALAXY DIGITAL INC A                          | CUSIP: 36317J209<br>LEI: 9845001C4070E5N07806 | Long             | EC               | CORP              | US        |    229164 | NS      | $5124107.04   | 1.99%             |  |  |  | No            |                  1 | On Loan: —       |
| FISERV INC                              | FISERV INC                                    | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |     66991 | NS      | $4499785.47   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| BAKKT INC                               | BAKKT HOLDINGS INC A                          | CUSIP: 05759B305<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    187366 | NS      | $1881154.64   | 0.73%             |  |  |  | No            |                  1 | On Loan: —       |
| SOLUNA HOLDINGS INC                     | SOLUNA HOLDINGS INC                           | CUSIP: 583543301<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1259329 | NS      | $1473414.93   | 0.57%             |  |  |  | No            |                  1 | On Loan: —       |
| PAGSEGURO DIGITAL LTD                   | PAGSEGURO DIGITAL LTD CL A                    | CUSIP: N/A<br>LEI: 391200VY4YW47I4HGH62       | Long             | EC               | CORP              | KY        |    348281 | NS      | $3357428.84   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| COINBASE GLOBAL INC                     | COINBASE GLOBAL INC                           | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Long             | EC               | CORP              | US        |     63334 | NS      | $14322350.76  | 5.56%             |  |  |  | No            |                  1 | On Loan: No      |
| ADYEN NV                                | ADYEN BV                                      | CUSIP: N/A<br>LEI: 724500973ODKK3IFQ447       | Long             | EC               | CORP              | NL        |      2849 | NS      | $4600761.05   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| COINCHECK GROUP BV                      | COINCHECK GROUP BV                            | CUSIP: N/A<br>LEI: 5299004Z2A5SO6LXBB37       | Long             | EC               | CORP              | NL        |    184394 | NS      | $464672.88    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust            | Fidelity Cash Central Fund                    | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |    494592 | NS      | $494690.62    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| BITDEER TECHNOLOGIES GROUP              | BITDEER TECHNOLOGIES GROUP                    | CUSIP: N/A<br>LEI: 2549007M2KGWVJ9XFP20       | Long             | EC               | CORP              | KY        |    329753 | NS      | $3696531.13   | 1.44%             |  |  |  | No            |                  1 | On Loan: —       |
| BLOCK INC                               | BLOCK INC CL A                                | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |    138146 | NS      | $8991923.14   | 3.49%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCH INC             | NASD100 MICRO FUT EMINMAR26 HWBH6             | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DE               | CORP              | US        |         2 | NC      | $485.69       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIME FINANCIAL INC                     | CHIME FINANCIAL INC                           | CUSIP: 16935C109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    181017 | NS      | $4556197.89   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| FLYWIRE CORP                            | FLYWIRE CORP                                  | CUSIP: 302492103<br>LEI: 54930055DSV7NNY4VY66 | Long             | EC               | CORP              | US        |    210919 | NS      | $2986613.04   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CLEANSPARK INC                          | CLEANSPARK INC                                | CUSIP: 18452B209<br>LEI: 254900VO7KBRJQDGY810 | Long             | EC               | CORP              | US        |    528387 | NS      | $5347276.44   | 2.08%             |  |  |  | No            |                  1 | On Loan: —       |
| SHOPIFY INC                             | SHOPIFY INC CL A                              | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |     27205 | NS      | $4386142.62   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| TERAWULF INC                            | TERAWULF INC                                  | CUSIP: 88080T104<br>LEI: 254900CVMW1SX2T78A64 | Long             | EC               | CORP              | US        |    637499 | NS      | $7324863.51   | 2.85%             |  |  |  | No            |                  1 | On Loan: —       |
| CIPHER MINING INC                       | CIPHER MINING INC                             | CUSIP: 17253J106<br>LEI: 254900QABG5HCQZ28A17 | Long             | EC               | CORP              | US        |    513209 | NS      | $7574964.84   | 2.94%             |  |  |  | No            |                  1 | On Loan: —       |
| RIOT PLATFORMS INC                      | RIOT PLATFORMS INC                            | CUSIP: 767292105<br>LEI: 5299005LKZAJQDQZDF73 | Long             | EC               | CORP              | US        |    550988 | NS      | $6981017.96   | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL PAYMENTS INC                     | GLOBAL PAYMENTS INC                           | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |     55498 | NS      | $4295545.20   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust            | Fidelity Securities Lending Cash Central Fund | CUSIP: 31635A303<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |  72460782 | NS      | $72468028.57  | 28.15%            |  |  |  | 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      | $1627240.42   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| DANAL CO LTD                            | DANAL CO LTD                                  | CUSIP: N/A<br>LEI: 988400TCF85ZEGJNEL94       | Long             | EC               | CORP              | KR        |    687488 | NS      | $3436127.59   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INC                          | MASTERCARD INC CL A                           | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      8160 | NS      | $4658380.80   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| SBI HLDGS INC JAPAN                     | SBI HOLDINGS INC                              | CUSIP: N/A<br>LEI: 353800L6LMHYIPSMRQ17       | Long             | EC               | CORP              | JP        |    240400 | NS      | $5176241.67   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SHIFT4 PAYMENTS INC                     | SHIFT4 PAYMENTS INC                           | CUSIP: 82452J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     63803 | NS      | $4017674.91   | 1.56%             |  |  |  | No            |                  1 | On Loan: —       |
| ZETRIX AI BERHAD                        | ZETRIX AI BERHAD                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |   9954699 | NS      | $1987014.83   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHERN DATA AG                        | NORTHERN DATA AG                              | CUSIP: N/A<br>LEI: 391200LB6JA3HAQWTS32       | Long             | EC               | CORP              | DE        |     63257 | NS      | $1155243.45   | 0.45%             |  |  |  | No            |                  1 | On Loan: —       |
| IREN LTD                                | IREN LTD                                      | CUSIP: N/A<br>LEI: 254900FZF02RB3NNGB71       | Long             | EC               | CORP              | AU        |    283527 | NS      | $10708814.79  | 4.16%             |  |  |  | No            |                  1 | On Loan: —       |
| ZIP CO LTD                              | ZIP CO LTD                                    | CUSIP: N/A<br>LEI: 254900RM95URFC15G140       | Long             | EC               | CORP              | AU        |   1535387 | NS      | $3368541.59   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-30

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

**Signature:** Stacie M. Smith

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

**Title:** President and Treasurer