# EDGAR Filing Document

**Accession Number:** 0000945908
**File Stem:** 0001752724-25-176681
**Filing Date:** 2025-7
**Character Count:** 17712
**Document Hash:** bfb66af164add7806afaf27362971371
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-176681.hdr.sgml**: 20250724

**ACCESSION NUMBER**: 0001752724-25-176681

**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:** 251146268

**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 Communications ETF (Series ID: S000079686)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000240926 | Fidelity Disruptive Communications ETF | FDCF            |

## 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 Communications ETF

- **b. EDGAR series identifier (if any):** S000079686

- **c. LEI of Series:** 5493000DCLUFBHMVFI81

**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:** $69699867.37

**Total Liabilities:** $641126.25

**Net Assets:** $69058741.12

**Cash Not Reported:** $11718.44

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000240926 | -6.03%               | 2.00%                | 7.74%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1627737.59             | $-2408129.77                               |
| Month 2  | $0.00                    | $1240668.69                                |
| Month 3  | $444.77                  | $4951926.38                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SYNOPSYS INC                    | SYNOPSYS INC                                  | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |      1231 | NS      | $571159.38    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| MAGNITE INC                     | MAGNITE INC                                   | CUSIP: 55955D100<br>LEI: 54930018FR2YX1HHSB02 | Long             | EC               | CORP              | US        |     87000 | NS      | $1423320.00   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CLOUDFLARE INC                  | CLOUDFLARE INC                                | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |      7061 | NS      | $1171349.29   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| DOCUSIGN INC                    | DOCUSIGN INC                                  | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |      8975 | NS      | $795274.75    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC                       | APPLE INC                                     | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      7120 | NS      | $1430052.00   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| T-MOBILE US INC                 | T-MOBILE US INC                               | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |     12257 | NS      | $2968645.40   | 4.30%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM INC                  | AMAZON.COM INC                                | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     17315 | NS      | $3549748.15   | 5.14%             |  |  |  | No            |                  1 | On Loan: No      |
| LIBERTY BROADBAND CORP          | LIBERTY BROADBAND CORP A                      | CUSIP: 530307107<br>LEI: 549300MIX43II8JLN536 | Long             | EC               | CORP              | US        |     29307 | NS      | $2722620.30   | 3.94%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                  | MICROSOFT CORP                                | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      2119 | NS      | $975502.84    | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVICENOW INC                  | SERVICENOW INC                                | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |       847 | NS      | $856393.23    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS INC              | META PLATFORMS INC CL A                       | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      3501 | NS      | $2266862.49   | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| IMPINJ INC                      | IMPINJ INC                                    | CUSIP: 453204109<br>LEI: 549300M26VGKSMMWWN17 | Long             | EC               | CORP              | US        |      4083 | NS      | $465829.47    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP SEMICONDUCTORS NV           | NXP SEMICONDUCTORS NV                         | CUSIP: N/A<br>LEI: 724500M9BY5293JDF951       | Long             | EC               | CORP              | NL        |      2859 | NS      | $546440.67    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| DYCOM INDUSTRIES INC            | DYCOM INDUSTRIES INC                          | CUSIP: 267475101<br>LEI: 549300F56EKTHQI3WT60 | Long             | EC               | CORP              | US        |      3862 | NS      | $887951.04    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIBABA GROUP HOLDING LTD       | ALIBABA GROUP HOLDING LTD SPON ADR            | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |     10111 | NS      | $1151036.24   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| PDD HOLDINGS INC                | PDD HOLDINGS INC ADR                          | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | KY        |     16884 | NS      | $1629474.84   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| SPOTIFY TECHNOLOGY SA           | SPOTIFY TECHNOLOGY SA                         | CUSIP: N/A<br>LEI: 549300B4X0JHWV0DTD60       | Long             | EC               | CORP              | LU        |      2134 | NS      | $1419408.76   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| NAVER CORP                      | NAVER CORP                                    | CUSIP: N/A<br>LEI: 988400ULUQYDB2HQYJ61       | Long             | EC               | CORP              | KR        |      8637 | NS      | $1172010.70   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| CADENCE DESIGN SYSTEMS INC      | CADENCE DESIGN SYSTEMS INC                    | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |      4913 | NS      | $1410374.91   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| QUEBECOR INC                    | QUEBECOR INC CL B SUB VTG                     | CUSIP: 748193208<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     55320 | NS      | $1556385.18   | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| CELLNEX TELECOM SAU             | CELLNEX TELECOM SAU                           | CUSIP: N/A<br>LEI: 5493008T4YG3AQUI7P67       | Long             | EC               | CORP              | ES        |     45870 | NS      | $1756241.84   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| ECHOSTAR CORP                   | ECHOSTAR CORP CL A                            | CUSIP: 278768106<br>LEI: 549300EE20907QZ9GT38 | Long             | EC               | CORP              | US        |     21895 | NS      | $388198.35    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| TENCENT HLDGS LTD               | TENCENT HOLDINGS LTD                          | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | KY        |     16815 | NS      | $1068374.72   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| TAKE-TWO INTERACTV SOFTWR INC   | TAKE-TWO INTERACTV SOFTWR INC                 | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |      6500 | NS      | $1470820.00   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORP                    | COMCAST CORP CL A                             | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     32976 | NS      | $1139980.32   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust    | Fidelity Cash Central Fund                    | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |    661879 | NS      | $662011.74    | 0.96%             |  |  |  | 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        |     15333 | NS      | $2964175.56   | 4.29%             |  |  |  | No            |                  1 | On Loan: No      |
| PINTEREST INC                   | PINTEREST INC CL A                            | CUSIP: 72352L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     55744 | NS      | $1734195.84   | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| ARISTA NETWORKS INC             | ARISTA NETWORKS INC                           | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     32540 | NS      | $2819265.60   | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| NETFLIX INC                     | NETFLIX INC                                   | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      1648 | NS      | $1989515.04   | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| TWILIO INC                      | TWILIO INC CLASS A                            | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Long             | EC               | CORP              | US        |     11851 | NS      | $1394862.70   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| GOGO INC                        | GOGO INC                                      | CUSIP: 38046C109<br>LEI: 549300VL3DIHSFHYTO04 | Long             | EC               | CORP              | US        |     84559 | NS      | $897170.99    | 1.30%             |  |  |  | No            |                  1 | On Loan: —       |
| Fidelity Revere Street Trust    | Fidelity Securities Lending Cash Central Fund | CUSIP: 31635A303<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |    612557 | NS      | $612618.75    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORP                     | NVIDIA CORP                                   | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     25514 | NS      | $3447706.82   | 4.99%             |  |  |  | No            |                  1 | On Loan: No      |
| ZOOM COMMUNICATIONS INC         | ZOOM COMMUNICATIONS INC CL A                  | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |     10797 | NS      | $877256.25    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| REDDIT INC                      | REDDIT INC A                                  | CUSIP: 75734B100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12200 | NS      | $1370670.00   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| RELIANCE INDUSTRIES LTD         | RELIANCE INDS GDR                             | CUSIP: 759470107<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |     13476 | NS      | $886720.80    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| SAMSARA INC                     | SAMSARA INC                                   | CUSIP: 79589L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23490 | NS      | $1093224.60   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| RENESAS ELECTRONICS CORP        | RENESAS ELECTRONICS CORP                      | CUSIP: N/A<br>LEI: 5299000EPC47VJQOFB81       | Long             | EC               | CORP              | JP        |     31890 | NS      | $395148.34    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN TOWER CORP             | AMERICAN TOWER CORP                           | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |     15799 | NS      | $3391255.35   | 4.91%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC                    | ALPHABET INC CL A                             | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     20152 | NS      | $3460904.48   | 5.01%             |  |  |  | No            |                  1 | On Loan: No      |
| UBER TECHNOLOGIES INC           | UBER TECHNOLOGIES INC                         | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     22876 | NS      | $1925244.16   | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| SEA LTD                         | SEA LTD ADR                                   | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |     30832 | NS      | $4944527.84   | 7.16%             |  |  |  | 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