# EDGAR Filing Document

**Accession Number:** 0000945908
**File Stem:** 0001752724-25-159882
**Filing Date:** 2025-6
**Character Count:** 90667
**Document Hash:** f4c728268c3f2bd25920f73230e1ef19
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-159882.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001752724-25-159882

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250626

**DATE AS OF CHANGE**: 20250626

**PERIOD START**: 20250731

**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:** 251079819

**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 Blue Chip Growth ETF (Series ID: S000068173)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000218329 | Fidelity Blue Chip Growth ETF | FBCG            |

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Fidelity® Blue Chip Growth ETF**

**April 30, 2025**

GTF-NPRT3-0625

1.9897897.104 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Common Stocks - 99.6%** | &nbsp;&nbsp;**Common Stocks - 99.6%** | &nbsp;&nbsp;**Common Stocks - 99.6%** |
|  | Shares | Value ($)<br>|
| BRAZIL - 0.2%  |  |  |
| Materials - 0.2% |  |  |
| Metals & Mining - 0.2% |  |  |
| Vale SA ADR  | 293866 | 2735892 |
| Wheaton Precious Metals Corp (United States)  | 48516 | 4052057 |
| TOTAL BRAZIL |  | 6787949 |
| CANADA - 1.1%  |  |  |
| Consumer Discretionary - 0.2% |  |  |
| Specialty Retail - 0.2% |  |  |
| Aritzia Inc Subordinate Voting Shares (a) | 158941 | 5590490 |
| Energy - 0.1% |  |  |
| Oil, Gas & Consumable Fuels - 0.1% |  |  |
| Cameco Corp  | 80162 | 3618512 |
| Secure Waste Infrastructure Corp  | 135013 | 1285885 |
|  |  | 4904397 |
| Information Technology - 0.7% |  |  |
| Electronic Equipment, Instruments & Components - 0.3% |  |  |
| Celestica Inc (United States) (a) | 133142 | 11363670 |
| IT Services - 0.4% |  |  |
| Shopify Inc Class A (a) | 138896 | 13210535 |
| TOTAL INFORMATION TECHNOLOGY |  | 24574205 |
| Materials - 0.1% |  |  |
| Metals & Mining - 0.1% |  |  |
| Franco-Nevada Corp (United States)  | 23609 | 4055554 |
| TOTAL CANADA |  | 39124646 |
| CHINA - 0.1%  |  |  |
| Consumer Discretionary - 0.1% |  |  |
| Broadline Retail - 0.1% |  |  |
| JD.com Inc ADR  | 69670 | 2272635 |
| Information Technology - 0.0% |  |  |
| Software - 0.0% |  |  |
| Pony AI Inc ADR  | 199550 | 1813910 |
| TOTAL CHINA |  | 4086545 |
| DENMARK - 0.0%  |  |  |
| Health Care - 0.0% |  |  |
| Biotechnology - 0.0% |  |  |
| Ascendis Pharma A/S ADR (a) | 1774 | 302361 |
| FINLAND - 0.2%  |  |  |
| Consumer Discretionary - 0.2% |  |  |
| Textiles, Apparel & Luxury Goods - 0.2% |  |  |
| Amer Sports Inc (a) | 337052 | 8173511 |
| GERMANY - 0.2%  |  |  |
| Consumer Discretionary - 0.0% |  |  |
| Textiles, Apparel & Luxury Goods - 0.0% |  |  |
| Birkenstock Holding Plc (a) | 44867 | 2307509 |
| Information Technology - 0.2% |  |  |
| Software - 0.2% |  |  |
| SAP SE ADR  | 20993 | 6133945 |
| TOTAL GERMANY |  | 8441454 |
| INDIA - 0.3%  |  |  |
| Consumer Discretionary - 0.1% |  |  |
| Hotels, Restaurants & Leisure - 0.1% |  |  |
| MakeMyTrip Ltd (a) | 22886 | 2398911 |
| Financials - 0.2% |  |  |
| Banks - 0.2% |  |  |
| HDFC Bank Ltd ADR  | 60777 | 4417880 |
| ICICI Bank Ltd ADR  | 96772 | 3247668 |
|  |  | 7665548 |
| TOTAL INDIA |  | 10064459 |
| ISRAEL - 0.0%  |  |  |
| Consumer Staples - 0.0% |  |  |
| Personal Care Products - 0.0% |  |  |
| Oddity Tech Ltd Class A (a) | 20287 | 1246433 |
| JAPAN - 0.1%  |  |  |
| Information Technology - 0.1% |  |  |
| Semiconductors & Semiconductor Equipment - 0.1% |  |  |
| Allegro MicroSystems Inc (a) | 125459 | 2392503 |
| NETHERLANDS - 0.9%  |  |  |
| Information Technology - 0.9% |  |  |
| Semiconductors & Semiconductor Equipment - 0.9% |  |  |
| NXP Semiconductors NV  | 170984 | 31514061 |
| SINGAPORE - 0.1%  |  |  |
| Communication Services - 0.1% |  |  |
| Entertainment - 0.1% |  |  |
| Sea Ltd Class A ADR (a) | 31546 | 4228741 |
| SWITZERLAND - 0.0%  |  |  |
| Consumer Discretionary - 0.0% |  |  |
| Textiles, Apparel & Luxury Goods - 0.0% |  |  |
| On Holding AG Class A (a) | 36146 | 1738984 |
| TAIWAN - 0.7%  |  |  |
| Information Technology - 0.7% |  |  |
| Semiconductors & Semiconductor Equipment - 0.7% |  |  |
| Taiwan Semiconductor Manufacturing Co Ltd ADR  | 161797 | 26969942 |
| UNITED KINGDOM - 0.2%  |  |  |
| Consumer Discretionary - 0.2% |  |  |
| Hotels, Restaurants & Leisure - 0.2% |  |  |
| Flutter Entertainment PLC (a) | 31019 | 7475269 |
| UNITED STATES - 95.5%  |  |  |
| Communication Services - 15.8% |  |  |
| Entertainment - 4.5% |  |  |
| Netflix Inc (a) | 116006 | 131286310 |
| ROBLOX Corp Class A (a) | 260260 | 17450433 |
| Spotify Technology SA (a) | 23052 | 14153467 |
| Take-Two Interactive Software Inc (a) | 9756 | 2276270 |
|  |  | 165166480 |
| Interactive Media & Services - 11.2% |  |  |
| Alphabet Inc Class A  | 1155872 | 183552474 |
| Meta Platforms Inc Class A  | 317101 | 174088449 |
| Reddit Inc Class A (a) | 82788 | 9650596 |
| Snap Inc Class A (a) | 4896332 | 38974803 |
|  |  | 406266322 |
| Wireless Telecommunication Services - 0.1% |  |  |
| T-Mobile US Inc  | 8306 | 2051167 |
| TOTAL COMMUNICATION SERVICES |  | 573483969 |
| Consumer Discretionary - 19.3% |  |  |
| Automobiles - 1.7% |  |  |
| Rivian Automotive Inc Class A (a) | 419996 | 5737145 |
| Tesla Inc (a) | 192995 | 54455470 |
|  |  | 60192615 |
| Broadline Retail - 8.9% |  |  |
| Amazon.com Inc (a) | 1764107 | 325336613 |
| Diversified Consumer Services - 0.2% |  |  |
| Bright Horizons Family Solutions Inc (a) | 22753 | 2853681 |
| Duolingo Inc Class A (a) | 16923 | 6591170 |
|  |  | 9444851 |
| Hotels, Restaurants & Leisure - 2.4% |  |  |
| Brinker International Inc (a) | 45171 | 6066465 |
| Cava Group Inc (a) | 36479 | 3371754 |
| Chipotle Mexican Grill Inc (a) | 409879 | 20707087 |
| DraftKings Inc Class A (a) | 285780 | 9513616 |
| Dutch Bros Inc Class A (a) | 45847 | 2738900 |
| Planet Fitness Inc Class A (a) | 41006 | 3878758 |
| Royal Caribbean Cruises Ltd  | 18711 | 4021181 |
| Starbucks Corp  | 294205 | 23551110 |
| Sweetgreen Inc Class A (a) | 374586 | 7296935 |
| Yum! Brands Inc  | 32559 | 4898176 |
|  |  | 86043982 |
| Household Durables - 0.9% |  |  |
| DR Horton Inc  | 26247 | 3316046 |
| PulteGroup Inc  | 22043 | 2261171 |
| SharkNinja Inc (a) | 292116 | 23515338 |
| Somnigroup International Inc  | 56669 | 3460209 |
|  |  | 32552764 |
| Leisure Products - 0.1% |  |  |
| Peloton Interactive Inc Class A (a) | 890921 | 6138446 |
| Specialty Retail - 3.1% |  |  |
| Abercrombie & Fitch Co Class A (a) | 79269 | 5502854 |
| Bath & Body Works Inc  | 114283 | 3486774 |
| Burlington Stores Inc (a) | 14871 | 3346570 |
| Carvana Co Class A (a) | 99230 | 24246851 |
| Dick's Sporting Goods Inc  | 13185 | 2475352 |
| Five Below Inc (a) | 84485 | 6411567 |
| Home Depot Inc/The  | 18120 | 6532079 |
| Lowe's Cos Inc  | 119440 | 26702006 |
| Restoration Hardware Inc (a) | 71631 | 13182253 |
| TJX Cos Inc/The  | 160038 | 20593690 |
| Wayfair Inc Class A (a) | 8777 | 264713 |
|  |  | 112744709 |
| Textiles, Apparel & Luxury Goods - 2.0% |  |  |
| Capri Holdings Ltd (a) | 370985 | 5579614 |
| Crocs Inc (a) | 19305 | 1861388 |
| Deckers Outdoor Corp (a) | 95216 | 10552789 |
| Lululemon Athletica Inc (a) | 146476 | 39661308 |
| NIKE Inc Class B  | 128518 | 7248415 |
| Under Armour Inc Class A (a) | 755348 | 4320591 |
| VF Corp  | 191688 | 2277253 |
|  |  | 71501358 |
| TOTAL CONSUMER DISCRETIONARY |  | 703955338 |
| Consumer Staples - 2.0% |  |  |
| Beverages - 0.3% |  |  |
| Celsius Holdings Inc (a) | 75733 | 2647626 |
| Coca-Cola Co/The  | 131286 | 9524799 |
|  |  | 12172425 |
| Consumer Staples Distribution & Retail - 1.1% |  |  |
| Albertsons Cos Inc Class A  | 187679 | 4125184 |
| BJ's Wholesale Club Holdings Inc (a) | 27551 | 3238896 |
| Costco Wholesale Corp  | 10145 | 10089203 |
| Dollar Tree Inc (a) | 61943 | 5065079 |
| Walmart Inc  | 171956 | 16722721 |
|  |  | 39241083 |
| Food Products - 0.1% |  |  |
| Freshpet Inc (a) | 46114 | 3391224 |
| Household Products - 0.1% |  |  |
| Procter & Gamble Co/The  | 18697 | 3039570 |
| Tobacco - 0.4% |  |  |
| Philip Morris International Inc  | 93652 | 16048207 |
| TOTAL CONSUMER STAPLES |  | 73892509 |
| Energy - 0.1% |  |  |
| Oil, Gas & Consumable Fuels - 0.1% |  |  |
| Cheniere Energy Inc  | 13374 | 3090864 |
| Financials - 4.8% |  |  |
| Capital Markets - 1.7% |  |  |
| Ares Management Corp Class A  | 40685 | 6205683 |
| Blue Owl Capital Inc Class A  | 480144 | 8897068 |
| Charles Schwab Corp/The  | 84725 | 6896615 |
| Goldman Sachs Group Inc/The  | 23552 | 12895898 |
| KKR & Co Inc Class A  | 57701 | 6593493 |
| Moody's Corp  | 13290 | 6021965 |
| Morgan Stanley  | 55450 | 6400039 |
| Robinhood Markets Inc Class A (a) | 152596 | 7493990 |
|  |  | 61404751 |
| Consumer Finance - 0.1% |  |  |
| American Express Co  | 15988 | 4259363 |
| Financial Services - 2.7% |  |  |
| Affirm Holdings Inc Class A (a) | 119218 | 5932288 |
| Apollo Global Management Inc  | 74328 | 10144285 |
| Berkshire Hathaway Inc Class B (a) | 6560 | 3498120 |
| Block Inc Class A (a) | 153515 | 8976022 |
| Fiserv Inc (a) | 12154 | 2243263 |
| Mastercard Inc Class A  | 83313 | 45660523 |
| Rocket Cos Inc Class A (b) | 178137 | 2299749 |
| Toast Inc Class A (a) | 136848 | 4869052 |
| Visa Inc Class A  | 38923 | 13447897 |
|  |  | 97071199 |
| Insurance - 0.3% |  |  |
| Progressive Corp/The  | 39356 | 11088159 |
| TOTAL FINANCIALS |  | 173823472 |
| Health Care - 7.6% |  |  |
| Biotechnology - 1.6% |  |  |
| AbbVie Inc  | 43324 | 8452512 |
| Alnylam Pharmaceuticals Inc (a) | 17438 | 4590379 |
| Apogee Therapeutics Inc (a) | 6900 | 270825 |
| Exact Sciences Corp (a) | 48536 | 2215183 |
| Gilead Sciences Inc  | 179274 | 19099853 |
| Legend Biotech Corp ADR (a) | 58200 | 2034090 |
| Moderna Inc (a) | 117086 | 3341634 |
| MoonLake Immunotherapeutics Class A (a) | 46738 | 1966735 |
| Natera Inc (a) | 18273 | 2757944 |
| Regeneron Pharmaceuticals Inc  | 18345 | 10984253 |
| Scholar Rock Holding Corp (a) | 18365 | 604392 |
| Viking Therapeutics Inc (a) | 71082 | 2052137 |
|  |  | 58369937 |
| Health Care Equipment & Supplies - 2.0% |  |  |
| Boston Scientific Corp (a) | 389701 | 40088542 |
| Glaukos Corp (a) | 45082 | 4248979 |
| Insulet Corp (a) | 23907 | 6031497 |
| Intuitive Surgical Inc (a) | 23976 | 12366821 |
| Masimo Corp (a) | 4508 | 725607 |
| Stryker Corp  | 21314 | 7969731 |
|  |  | 71431177 |
| Health Care Providers & Services - 0.9% |  |  |
| Cardinal Health Inc  | 45012 | 6359745 |
| Cencora Inc  | 14956 | 4377173 |
| CVS Health Corp  | 40051 | 2671802 |
| GeneDx Holdings Corp Class A (a) | 70315 | 4700558 |
| McKesson Corp  | 9676 | 6896956 |
| UnitedHealth Group Inc  | 18827 | 7746181 |
|  |  | 32752415 |
| Health Care Technology - 0.0% |  |  |
| Waystar Holding Corp (a) | 58887 | 2188829 |
| Pharmaceuticals - 3.1% |  |  |
| Eli Lilly & Co  | 125108 | 112465837 |
| TOTAL HEALTH CARE |  | 277208195 |
| Industrials - 4.2% |  |  |
| Aerospace & Defense - 1.5% |  |  |
| Axon Enterprise Inc (a) | 15732 | 9648436 |
| Boeing Co (a) | 124846 | 22876781 |
| GE Aerospace  | 59346 | 11960593 |
| Howmet Aerospace Inc  | 76518 | 10603864 |
| Standardaero Inc  | 11580 | 312892 |
|  |  | 55402566 |
| Building Products - 0.3% |  |  |
| AZEK Co Inc/The Class A (a) | 77454 | 3838620 |
| Builders FirstSource Inc (a) | 29743 | 3558155 |
| Trex Co Inc (a) | 39386 | 2277299 |
|  |  | 9674074 |
| Electrical Equipment - 0.4% |  |  |
| Acuity Inc  | 12436 | 3029534 |
| GE Vernova Inc  | 26291 | 9749229 |
|  |  | 12778763 |
| Ground Transportation - 1.2% |  |  |
| Lyft Inc Class A (a) | 378423 | 4692445 |
| Uber Technologies Inc (a) | 463488 | 37547163 |
|  |  | 42239608 |
| Industrial Conglomerates - 0.1% |  |  |
| 3M Co  | 17486 | 2428980 |
| Machinery - 0.0% |  |  |
| Chart Industries Inc (a) | 15140 | 2043596 |
| Passenger Airlines - 0.2% |  |  |
| Alaska Air Group Inc (a) | 59643 | 2640396 |
| Delta Air Lines Inc  | 48633 | 2024592 |
| United Airlines Holdings Inc (a) | 62866 | 4326438 |
|  |  | 8991426 |
| Trading Companies & Distributors - 0.5% |  |  |
| Ferguson Enterprises Inc  | 14821 | 2514531 |
| FTAI Aviation Ltd  | 163289 | 17489885 |
|  |  | 20004416 |
| TOTAL INDUSTRIALS |  | 153563429 |
| Information Technology - 40.3% |  |  |
| Communications Equipment - 0.1% |  |  |
| Lumentum Holdings Inc (a) | 57697 | 3406430 |
| Electronic Equipment, Instruments & Components - 0.4% |  |  |
| Amphenol Corp Class A  | 122839 | 9452461 |
| Coherent Corp (a) | 88441 | 5688525 |
|  |  | 15140986 |
| IT Services - 1.2% |  |  |
| Cloudflare Inc Class A (a) | 32937 | 3978131 |
| Coreweave Inc Class A  | 231254 | 9550790 |
| Okta Inc Class A (a) | 168694 | 18920719 |
| Snowflake Inc Class A (a) | 67396 | 10748988 |
|  |  | 43198628 |
| Semiconductors & Semiconductor Equipment - 17.5% |  |  |
| Astera Labs Inc (a) | 205654 | 13431263 |
| Broadcom Inc  | 327079 | 62952895 |
| GlobalFoundries Inc (a) | 216633 | 7597319 |
| Impinj Inc (a) | 10544 | 971419 |
| Lam Research Corp  | 46280 | 3316888 |
| Marvell Technology Inc  | 1147938 | 67005141 |
| Micron Technology Inc  | 51915 | 3994859 |
| Monolithic Power Systems Inc  | 40000 | 23724000 |
| NVIDIA Corp  | 4124468 | 449237055 |
| ON Semiconductor Corp (a) | 127382 | 5057065 |
|  |  | 637287904 |
| Software - 10.1% |  |  |
| AppLovin Corp Class A (a) | 164610 | 44331119 |
| Crowdstrike Holdings Inc Class A (a) | 9913 | 4251388 |
| Datadog Inc Class A (a) | 59013 | 6028768 |
| HubSpot Inc (a) | 14432 | 8825168 |
| Life360 Inc (a) | 50217 | 2154309 |
| Microsoft Corp  | 657801 | 260002424 |
| MicroStrategy Inc Class A (a) | 7525 | 2860328 |
| Monday.com Ltd (a) | 14611 | 4105545 |
| Oracle Corp  | 96441 | 13571178 |
| Palantir Technologies Inc Class A (a) | 21246 | 2516376 |
| Salesforce Inc  | 8913 | 2395012 |
| Servicenow Inc (a) | 15622 | 14919166 |
|  |  | 365960781 |
| Technology Hardware, Storage & Peripherals - 11.0% |  |  |
| Apple Inc  | 1884069 | 400364663 |
| TOTAL INFORMATION TECHNOLOGY |  | 1465359392 |
| Materials - 0.7% |  |  |
| Chemicals - 0.1% |  |  |
| Sherwin-Williams Co/The  | 12821 | 4524787 |
| Construction Materials - 0.4% |  |  |
| CRH PLC  | 26301 | 2509641 |
| James Hardie Industries PLC ADR (a) | 99600 | 2364504 |
| Martin Marietta Materials Inc  | 6502 | 3406919 |
| Vulcan Materials Co  | 14168 | 3716692 |
|  |  | 11997756 |
| Metals & Mining - 0.2% |  |  |
| Carpenter Technology Corp  | 44822 | 8767631 |
| TOTAL MATERIALS |  | 25290174 |
| Real Estate - 0.7% |  |  |
| Health Care REITs - 0.6% |  |  |
| Welltower Inc  | 112203 | 17121056 |
| Office REITs - 0.0% |  |  |
| Kilroy Realty Corp  | 57614 | 1815417 |
| Real Estate Management & Development - 0.1% |  |  |
| Zillow Group Inc Class C (a) | 72387 | 4873817 |
| TOTAL REAL ESTATE |  | 23810290 |
| TOTAL UNITED STATES |  | 3473477632 |
| <br> **TOTAL COMMON STOCKS**<br> (Cost $3,382,733,746) |  | <br> **3626024490** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 99.6%**<br> (Cost $3,382,733,746)<br>| <br>**3626024490** |
| **NET OTHER ASSETS (LIABILITIES) - 0.4%**  | **13715021** |
| **NET ASSETS - 100.0%** | **3639739511** |

---

**Legend**

(a) Non-income producing

(b) Security or a portion of the security is on loan at period end.

At period end, the value of non-cash collateral for securities on loan amounted to $1,100,796.

**Investment Valuation**

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.

The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:

Level 1 - Unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)

Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing service on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For any foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.

*The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.*

*Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.*

## 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 Blue Chip Growth ETF

- **b. EDGAR series identifier (if any):** S000068173

- **c. LEI of Series:** 549300AHJJQ3T6VZL222

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

- **a. Date of fiscal year-end:** 2025-07-31

- **b. Date as of which information is reported:** 2025-04-30

**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:** $3641396346.45

**Total Liabilities:** $1677274.37

**Net Assets:** $3639719072.08

**Cash Not Reported:** $15710537.48

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000218329 | -5.14%               | -10.88%              | 0.62%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-10828841.17            | $-204823538.63                             |
| Month 2  | $-3861575.71             | $-429141673.35                             |
| Month 3  | $-28143298.56            | $53944202.35                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| UNITED AIRLINES HOLDINGS INC             | UNITED AIRLINES HOLDINGS INC         | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |     62866 | NS      | $4326438.12   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| SOMNIGROUP INTERNATIONAL INC             | SOMNIGROUP INTERNATIONAL INC         | CUSIP: 88023U101<br>LEI: 549300HFEKVR3US71V91 | Long             | EC               | CORP              | US        |     56669 | NS      | $3460209.14   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| TAPESTRY INC                             | TAPESTRY INC                         | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |        72 | NS      | $5086.80      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BLUE OWL CAPITAL INC                     | BLUE OWL CAPITAL INC A               | CUSIP: 09581B103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    480144 | NS      | $8897068.32   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| CELSIUS HOLDINGS INC                     | CELSIUS HOLDINGS INC                 | CUSIP: 15118V207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     75733 | NS      | $2647625.68   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SHARKNINJA INC                           | SHARKNINJA INC                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |    292116 | NS      | $23515338.00  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| COHERENT CORP                            | COHERENT CORP                        | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |     88441 | NS      | $5688525.12   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNOPSYS INC                             | SYNOPSYS INC                         | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |        12 | NS      | $5508.12      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| COSTCO WHOLESALE CORP                    | COSTCO WHOLESALE CORP                | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |     10145 | NS      | $10089202.50  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| CLOUDFLARE INC                           | CLOUDFLARE INC                       | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |     32937 | NS      | $3978130.86   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCTER and GAMBLE CO                    | PROCTER and GAMBLE CO                | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     18697 | NS      | $3039571.29   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ALASKA AIR GROUP INC                     | ALASKA AIR GROUP INC                 | CUSIP: 011659109<br>LEI: 529900G48RT4KWLC6C27 | Long             | EC               | CORP              | US        |     59643 | NS      | $2640395.61   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CARPENTER TECHNOLOGY CORP                | CARPENTER TECHNOLOGY CORP            | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |     44822 | NS      | $8767631.42   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR and CO INC                           | KKR and CO INC                       | CUSIP: 48251W104<br>LEI: 549300JOHU21WRN2Z451 | Long             | EC               | CORP              | US        |     57701 | NS      | $6593493.27   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| AZEK CO INC/THE                          | AZEK CO INC                          | CUSIP: 05478C105<br>LEI: 5493002LDDDU1RX46815 | Long             | EC               | CORP              | US        |     77454 | NS      | $3838620.24   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBVIE INC                               | ABBVIE INC                           | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     43324 | NS      | $8452512.40   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| GE VERNOVA INC                           | GE VERNOVA INC                       | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |     26291 | NS      | $9749228.62   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC                                | APPLE INC                            | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |   1883605 | NS      | $400266062.50 | 11.00%            |  |  |  | No            |                  1 | On Loan: No      |
| LULULEMON ATHLETICA INC                  | LULULEMON ATHLETICA INC              | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |    146276 | NS      | $39607152.52  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| T-MOBILE US INC                          | T-MOBILE US INC                      | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |      8306 | NS      | $2051166.70   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM INC                           | AMAZON.COM INC                       | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |   1763818 | NS      | $325283315.56 | 8.94%             |  |  |  | No            |                  1 | On Loan: No      |
| SECURE WASTE INFRASTRUCTURE CO           | SECURE WASTE INFRASTRUCTURE CO       | CUSIP: 813921103<br>LEI: 549300EZKELHYBQO9X11 | Long             | EC               | CORP              | CA        |    135013 | NS      | $1285884.73   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CH ROBINSON WORLDWIDE INC                | CH ROBINSON WORLDWIDE INC            | CUSIP: 12541W209<br>LEI: 529900WNWN5L0OVDHA79 | Long             | EC               | CORP              | US        |       347 | NS      | $30959.34     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| STRYKER CORP                             | STRYKER CORP                         | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |     21314 | NS      | $7969730.88   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| AMPHENOL CORPORATION NEW                 | AMPHENOL CORPORATION CL A            | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |    122839 | NS      | $9452461.05   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BRINKER INTERNATIONAL INC                | BRINKER INTERNATIONAL INC            | CUSIP: 109641100<br>LEI: 52990067JY6PBGJNTG76 | Long             | EC               | CORP              | US        |     45171 | NS      | $6066465.30   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                           | MICROSOFT CORP                       | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    657801 | NS      | $260002423.26 | 7.14%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLTOWER INC                            | WELLTOWER INC                        | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |    112203 | NS      | $17121055.77  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVICENOW INC                           | SERVICENOW INC                       | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |     15622 | NS      | $14919166.22  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBINHOOD MARKETS INC                    | ROBINHOOD MARKETS INC                | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |    152596 | NS      | $7493989.56   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| LAM RESEARCH CORP                        | LAM RESEARCH CORP                    | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     46280 | NS      | $3316887.60   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ON HOLDING AG                            | ON HOLDING AG                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CH        |     36146 | NS      | $1738984.06   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AXON ENTERPRISE INC                      | AXON ENTERPRISE INC                  | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |     15732 | NS      | $9648435.60   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| AFFIRM HOLDINGS INC                      | AFFIRM HOLDINGS INC                  | CUSIP: 00827B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    119218 | NS      | $5932287.68   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| LUMENTUM HOLDINGS INC                    | LUMENTUM HOLDINGS INC                | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |     57697 | NS      | $3406430.88   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PROGRESSIVE CORP OHIO                    | PROGRESSIVE CORP OHIO                | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     39356 | NS      | $11088159.44  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| RIVIAN AUTOMOTIVE INC                    | RIVIAN AUTOMOTIVE INC                | CUSIP: 76954A103<br>LEI: 25490004LNKJ84MFYY24 | Long             | EC               | CORP              | US        |    419996 | NS      | $5737145.36   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC                                 | VISA INC CL A                        | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     38923 | NS      | $13447896.50  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ALBERTSONS COS INC                       | ALBERTSONS COS INC CL A              | CUSIP: 013091103<br>LEI: 549300YKWOC0AOR16R51 | Long             | EC               | CORP              | US        |    187679 | NS      | $4125184.42   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ROKU INC                                 | ROKU INC CLASS A                     | CUSIP: 77543R102<br>LEI: 549300KR6ITU0YIR1T71 | Long             | EC               | CORP              | US        |       156 | NS      | $10636.08     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UNDER ARMOUR INC                         | UNDER ARMOUR INC CL A                | CUSIP: 904311107<br>LEI: 549300D4549QKWETZ406 | Long             | EC               | CORP              | US        |    755348 | NS      | $4320590.56   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS GROUP INC (THE)            | GOLDMAN SACHS GROUP INC              | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |     23552 | NS      | $12895897.60  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| JAMES HARDIE INDUSTRIES PLC              | JAMES HARDIE INDS PLC SPON ADR       | CUSIP: 47030M106<br>LEI: 635400NSGXKTVOO7JU45 | Long             | EC               | CORP              | IE        |     99600 | NS      | $2364504.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M CO                                    | 3M CO                                | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |     17486 | NS      | $2428980.26   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| YUM BRANDS INC                           | YUM BRANDS INC                       | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |     32192 | NS      | $4842964.48   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ACUITY INC                               | ACUITY INC                           | CUSIP: 00508Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12436 | NS      | $3029533.96   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ON SEMICONDUCTOR CORP                    | ON SEMICONDUCTOR CORP                | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |    127382 | NS      | $5057065.40   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| REGENERON PHARMACEUTICALS INC            | REGENERON PHARMACEUTICALS INC        | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |     18345 | NS      | $10984252.20  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS INC                       | META PLATFORMS INC CL A              | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    317003 | NS      | $174034647.00 | 4.78%             |  |  |  | No            |                  1 | On Loan: No      |
| APOLLO GLOBAL MANAGEMENT, INC            | APOLLO GLOBAL MANAGEMENT INC         | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |     74328 | NS      | $10144285.44  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| SWEETGREEN INC                           | SWEETGREEN INC CL A                  | CUSIP: 87043Q108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    374586 | NS      | $7296935.28   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| IMPINJ INC                               | IMPINJ INC                           | CUSIP: 453204109<br>LEI: 549300M26VGKSMMWWN17 | Long             | EC               | CORP              | US        |     10544 | NS      | $971418.72    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CARVANA CO                               | CARVANA CO CL A                      | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Long             | EC               | CORP              | US        |     99453 | NS      | $24301340.55  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHWAB CHARLES CORP                      | SCHWAB CHARLES CORP                  | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     84725 | NS      | $6896615.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| DATADOG INC                              | DATADOG INC CL A                     | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |     59013 | NS      | $6028768.08   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| LIFE360 INC                              | LIFE360 INC                          | CUSIP: 532206109<br>LEI: 254900VO9VDOQBQAHF07 | Long             | EC               | CORP              | US        |     50217 | NS      | $2154309.30   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| PALANTIR TECHNOLOGIES INC                | PALANTIR TECHNOLOGIES INC            | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |     21246 | NS      | $2516376.24   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| FLUTTER ENTERTAINMENT PLC                | FLUTTER ENTERTAINMENT PLC            | CUSIP: N/A<br>LEI: 635400EG4YIJLJMZJ782       | Long             | EC               | CORP              | IE        |     31019 | NS      | $7475268.81   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| LYFT INC                                 | LYFT INC                             | CUSIP: 55087P104<br>LEI: 549300H7I5VN334XVZ52 | Long             | EC               | CORP              | US        |    378423 | NS      | $4692445.20   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CROWDSTRIKE HOLDINGS INC                 | CROWDSTRIKE HOLDINGS INC             | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |      9913 | NS      | $4251388.31   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| VF CORPORATION                           | VF CORP                              | CUSIP: 918204108<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | EC               | CORP              | US        |    191688 | NS      | $2277253.44   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| AVIS BUDGET GROUP INC                    | AVIS BUDGET GROUP                    | CUSIP: 053774105<br>LEI: 529900E95812SYWMCE44 | Long             | EC               | CORP              | US        |        24 | NS      | $2223.12      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD              | ROYAL CARIBBEAN CRUISES LTD          | CUSIP: N/A<br>LEI: K2NEH8QNVW44JIWK7Z55       | Long             | EC               | CORP              | LR        |     18711 | NS      | $4021181.01   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP SEMICONDUCTORS NV                    | NXP SEMICONDUCTORS NV                | CUSIP: N/A<br>LEI: 724500M9BY5293JDF951       | Long             | EC               | CORP              | NL        |    170687 | NS      | $31459320.97  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| MOONLAKE IMMUNOTHERAPEUTICS              | MOONLAKE IMMUNOTHERAPEUTICS          | CUSIP: 61559X104<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     46738 | NS      | $1966735.04   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTERN DIGITAL CORP                     | WESTERN DIGITAL CORP                 | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |       116 | NS      | $5087.76      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LOWES COS INC                            | LOWES COS INC                        | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |    119440 | NS      | $26702006.40  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHOLAR ROCK HOLDING CORP                | SCHOLAR ROCK HOLDING CORP            | CUSIP: 80706P103<br>LEI: 549300Z1FLPGL4OWJ459 | Long             | EC               | CORP              | US        |     18365 | NS      | $604392.15    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTIV HOLDINGS CO                       | VERTIV HOLDINGS CO                   | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |        52 | NS      | $4439.76      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPRI HOLDINGS LTD                       | CAPRI HOLDINGS LTD                   | CUSIP: N/A<br>LEI: 549300LPG8W0H1OX3A26       | Long             | EC               | CORP              | VG        |    370985 | NS      | $5579614.40   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| DICKS SPORTING GOODS INC                 | DICKS SPORTING GOODS INC             | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |     13185 | NS      | $2475351.90   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ORACLE CORP                              | ORACLE CORP                          | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     96441 | NS      | $13571177.52  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| TREX CO INC                              | TREX CO INC                          | CUSIP: 89531P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39386 | NS      | $2277298.52   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| VULCAN MATERIALS CO                      | VULCAN MATERIALS CO                  | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |     14168 | NS      | $3716691.44   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| DR HORTON INC                            | DR HORTON INC                        | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |     26247 | NS      | $3316045.98   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MONOLITHIC POWER SYSTEMS INC             | MONOLITHIC POWER SYS INC             | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |     40000 | NS      | $23724000.00  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIGHT HORIZONS FAMILY SOLUTIONS INC DEL | BRIGHT HORIZONS FAMILY SOLUTIONS INC | CUSIP: 109194100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22753 | NS      | $2853681.26   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CROCS INC                                | CROCS INC                            | CUSIP: 227046109<br>LEI: 549300B0J6YCXD63OG72 | Long             | EC               | CORP              | US        |     19868 | NS      | $1915672.56   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ASTERA LABS INC                          | ASTERA LABS INC                      | CUSIP: 04626A103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    205654 | NS      | $13431262.74  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| HOME DEPOT INC                           | HOME DEPOT INC                       | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |     18120 | NS      | $6532078.80   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC BANK LTD                            | HDFC BANK LTD SPON ADR               | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |     60777 | NS      | $4417880.13   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| RH                                       | RH                                   | CUSIP: 74967X103<br>LEI: 549300H9H1H3OC7C3H47 | Long             | EC               | CORP              | US        |     71337 | NS      | $13128148.11  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| MAKEMYTRIP LIMITED                       | MAKEMYTRIP LIMITED                   | CUSIP: N/A<br>LEI: 529900DNT8HNJ7RYUO60       | Long             | EC               | CORP              | MU        |     22886 | NS      | $2398910.52   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| TRIP.COM GROUP LTD                       | TRIP.COM GROUP LTD ADR               | CUSIP: 89677Q107<br>LEI: 2549004RMYDSRQL4KW41 | Long             | EC               | CORP              | KY        |        40 | NS      | $2359.60      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PDD HOLDINGS INC                         | PDD HOLDINGS INC ADR                 | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | KY        |        28 | NS      | $2955.96      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| STARBUCKS CORP                           | STARBUCKS CORP                       | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |    294205 | NS      | $23551110.25  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX COMPANIES INC                        | TJX COMPANIES INC NEW                | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |    159615 | NS      | $20539258.20  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| CAVA GROUP INC                           | CAVA GROUP INC                       | CUSIP: 148929102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35890 | NS      | $3317312.70   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLOVIN CORP                            | APPLOVIN CORP                        | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |    164610 | NS      | $44331119.10  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| TESLA INC                                | TESLA INC                            | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |    192809 | NS      | $54402987.44  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| ODDITY TECH LTD                          | ODDITY TECH LTD A                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IL        |     20287 | NS      | $1246433.28   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| TARGET CORP                              | TARGET CORP                          | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |       108 | NS      | $10443.60     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HUBSPOT INC                              | HUBSPOT INC                          | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |     14432 | NS      | $8825168.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| KILROY REALTY CORP                       | KILROY REALTY CORP                   | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               | CORP              | US        |     57614 | NS      | $1815417.14   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SNOWFLAKE INC                            | SNOWFLAKE INC CL A                   | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |     67396 | NS      | $10748988.04  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| MARVELL TECHNOLOGY INC                   | MARVELL TECHNOLOGY INC               | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1149231 | NS      | $67080613.47  | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| SPOTIFY TECHNOLOGY SA                    | SPOTIFY TECHNOLOGY SA                | CUSIP: N/A<br>LEI: 549300B4X0JHWV0DTD60       | Long             | EC               | CORP              | LU        |     22958 | NS      | $14095752.84  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLEGRO MICROSYSTEMS INC                 | ALLEGRO MICROSYSTEMS INC             | CUSIP: 01749D105<br>LEI: 54930004TGPV6DR3LE12 | Long             | EC               | CORP              | US        |    125459 | NS      | $2392503.13   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| OKTA INC                                 | OKTA INC CL A                        | CUSIP: 679295105<br>LEI: 549300N8J06I8MRHU620 | Long             | EC               | CORP              | US        |    168694 | NS      | $18920719.04  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| WALMART INC                              | WALMART INC                          | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |    171956 | NS      | $16722721.00  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| WAYSTAR HOLDING CORP                     | WAYSTAR HOLDING CORP                 | CUSIP: 946784105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     58887 | NS      | $2188829.79   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| VIKING HOLDINGS LTD                      | VIKING HOLDINGS LTD                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BM        |        80 | NS      | $3282.40      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CHART INDUSTRIES INC                     | CHART INDUSTRIES INC                 | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |     14692 | NS      | $1983126.16   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| FIVE BELOW INC                           | FIVE BELOW INC                       | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Long             | EC               | CORP              | US        |     84485 | NS      | $6411566.65   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE INC                                 | NIKE INC CL B                        | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |    128518 | NS      | $7248415.20   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MONDAY.COM LTD                           | MONDAY.COM LTD                       | CUSIP: N/A<br>LEI: 984500MDAFVD86E3B328       | Long             | EC               | CORP              | IL        |     14611 | NS      | $4105544.89   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| DUOLINGO INC                             | DUOLINGO INC                         | CUSIP: 26603R106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16923 | NS      | $6591170.04   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI BANK LTD                           | ICICI BANK LTD SPONS ADR             | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |     96772 | NS      | $3247668.32   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MODERNA INC                              | MODERNA INC                          | CUSIP: 60770K107<br>LEI: 549300EI6OKH5K5Q2G38 | Long             | EC               | CORP              | US        |    117086 | NS      | $3341634.44   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| FRANCO NEVADA CORP                       | FRANCO-NEVADA CORP                   | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |     23609 | NS      | $4055554.02   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| PULTE GROUP INC                          | PULTEGROUP INC                       | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22043 | NS      | $2261170.94   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXAS ROADHOUSE INC                      | TEXAS ROADHOUSE INC                  | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |        24 | NS      | $3983.04      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BOSTON SCIENTIFIC CORP                   | BOSTON SCIENTIFIC CORP               | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |    389174 | NS      | $40034329.38  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| FISERV INC                               | FISERV INC                           | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |     12154 | NS      | $2243263.78   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| PELOTON INTERACTIVE INC                  | PELOTON INTERACTIVE INC CL A         | CUSIP: 70614W100<br>LEI: 5493002YS021166W0339 | Long             | EC               | CORP              | US        |    890921 | NS      | $6138445.69   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ELI LILLY and CO                         | ELI LILLY and CO                     | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |    125024 | NS      | $112390324.80 | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| TOAST INC                                | TOAST INC                            | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |    136848 | NS      | $4869051.84   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ELANCO ANIMAL HEALTH INC                 | ELANCO ANIMAL HEALTH INC             | CUSIP: 28414H103<br>LEI: 549300SHPNDCE059M934 | Long             | EC               | CORP              | US        |       240 | NS      | $2275.20      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BAIDU INC                                | BAIDU INC SPON ADR                   | CUSIP: 056752108<br>LEI: 254900AL64IANZYI1E02 | Long             | EC               | CORP              | KY        |        36 | NS      | $3161.52      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| COCA COLA CO                             | COCA COLA CO                         | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |    131286 | NS      | $9524799.30   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| PONY AI INC                              | PONY AI INC ADR                      | CUSIP: 732908108<br>LEI: 9845006P7613D2A61368 | Long             | EC               | CORP              | KY        |    193641 | NS      | $1760196.69   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ABERCROMBIE and FITCH CO                 | ABERCROMBIE and FITCH CO CL A        | CUSIP: 002896207<br>LEI: 5493000J7LL72TOGT983 | Long             | EC               | CORP              | US        |     79269 | NS      | $5502853.98   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| GENEDX HOLDINGS CORP                     | GENEDX HOLDINGS CORP-A               | CUSIP: 81663L200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     70315 | NS      | $4700557.75   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| GE AEROSPACE                             | GE AEROSPACE                         | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |     59076 | NS      | $11906177.04  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC                             | BROADCOM INC                         | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    326796 | NS      | $62898426.12  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| WHEATON PRECIOUS METALS CORP             | WHEATON PRECIOUS METALS CORP         | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |     48516 | NS      | $4052056.32   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| JETBLUE AIRWAYS CORP                     | JETBLUE AIRWAYS CORP                 | CUSIP: 477143101<br>LEI: 54930070J9H97ZO93T57 | Long             | EC               | CORP              | US        |       900 | NS      | $3924.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PLANET FITNESS INC                       | PLANET FITNESS INC CL A              | CUSIP: 72703H101<br>LEI: 549300LLE5HUPF6H8G33 | Long             | EC               | CORP              | US        |     41006 | NS      | $3878757.54   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| TAKE-TWO INTERACTV SOFTWR INC            | TAKE-TWO INTERACTV SOFTWR INC        | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |      9996 | NS      | $2332266.72   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEWY INC                                | CHEWY INC                            | CUSIP: 16679L109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       132 | NS      | $4950.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| COINBASE GLOBAL INC                      | COINBASE GLOBAL INC                  | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Long             | EC               | CORP              | US        |        68 | NS      | $13796.52     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SHERWIN WILLIAMS CO                      | SHERWIN WILLIAMS CO                  | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |     12821 | NS      | $4524787.32   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| INTUITIVE SURGICAL INC                   | INTUITIVE SURGICAL INC               | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |     24082 | NS      | $12421495.60  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC                                  | CRH PLC                              | CUSIP: N/A<br>LEI: 549300MIDJNNTH068E74       | Long             | EC               | CORP              | IE        |     26301 | NS      | $2509641.42   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ARES MANAGEMENT CORP                     | ARES MANAGEMENT CORP CL A            | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |     40685 | NS      | $6205683.05   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBALFOUNDRIES INC                      | GLOBALFOUNDRIES INC                  | CUSIP: N/A<br>LEI: 549300BA76VK784VMX48       | Long             | EC               | CORP              | KY        |    216633 | NS      | $7597319.31   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| BERKSHIRE HATHAWAY INC DEL               | BERKSHIRE HATHAWAY INC CL B          | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      6560 | NS      | $3498120.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| DUTCH BROS INC                           | DUTCH BROS INC                       | CUSIP: 26701L100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45847 | NS      | $2738899.78   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| BURLINGTON STORES INC                    | BURLINGTON STORES INC                | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |     14871 | NS      | $3346569.84   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CELESTICA INC                            | CELESTICA INC                        | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |    133142 | NS      | $11363669.70  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILIP MORRIS INTERNATIONAL INC          | PHILIP MORRIS INTL INC               | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     93334 | NS      | $15993714.24  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| SALESFORCE INC                           | SALESFORCE INC                       | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      8913 | NS      | $2395012.23   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ASCENDIS PHARMA A/S                      | ASCENDIS PHARMA AS SPON ADR          | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Long             | EC               | CORP              | DK        |      1774 | NS      | $302360.56    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SNAP INC                                 | SNAP INC - A                         | CUSIP: 83304A106<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | EC               | CORP              | US        |   4890380 | NS      | $38927424.80  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MCKESSON CORP                            | MCKESSON CORP                        | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      9676 | NS      | $6896956.04   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| LEGEND BIOTECH CORP                      | LEGEND BIOTECH CORP SPON ADR         | CUSIP: 52490G102<br>LEI: 254900EIUFZTW136H859 | Long             | EC               | CORP              | KY        |     58200 | NS      | $2034090.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BATH and BODY WORKS INC                  | BATH and BODY WORKS INC              | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |    114283 | NS      | $3486774.33   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSTRATEGY INC                        | MICROSTRATEGY INC CL A               | CUSIP: 594972408<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EC               | CORP              | US        |      7302 | NS      | $2775563.22   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| BLOCK INC                                | BLOCK INC CL A                       | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |    153515 | NS      | $8976022.05   | 0.25%             |  |  |  | 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        |    161797 | NS      | $26969941.93  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| FRESHPET INC                             | FRESHPET INC                         | CUSIP: 358039105<br>LEI: 549300S4ZK8ZQ6HNPN59 | Long             | EC               | CORP              | US        |     46114 | NS      | $3391223.56   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI AVIATION LTD                        | FTAI AVIATION LTD                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |    163289 | NS      | $17489884.79  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| DRAFTKINGS INC                           | DRAFTKINGS HOLDINGS INC              | CUSIP: 26142V105<br>LEI: 2549006G33IUL6IVOD83 | Long             | EC               | CORP              | US        |    285780 | NS      | $9513616.20   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BIRKENSTOCK HOLDING LTD                  | BIRKENSTOCK HOLDING LTD              | CUSIP: N/A<br>LEI: 529900CQ8LQKQ7LIT631       | Long             | EC               | CORP              | JE        |     44867 | NS      | $2307509.81   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| GLAUKOS CORP                             | GLAUKOS CORP                         | CUSIP: 377322102<br>LEI: 5299004JA1LHE21M6T14 | Long             | EC               | CORP              | US        |     45082 | NS      | $4248978.50   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| WARBY PARKER INC                         | WARBY PARKER INC                     | CUSIP: 93403J106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        80 | NS      | $1320.80      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLLAR TREE INC                          | DOLLAR TREE INC                      | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |     61943 | NS      | $5065079.11   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| NATERA INC                               | NATERA INC                           | CUSIP: 632307104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18273 | NS      | $2757943.89   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| STANDARDAERO INC                         | STANDARDAERO INC                     | CUSIP: 85423L103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11580 | NS      | $312891.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SMURFIT WESTROCK PLC                     | SMURFIT WESTROCK PLC                 | CUSIP: N/A<br>LEI: 635400EGSEOPDW2EXS14       | Long             | EC               | CORP              | IE        |        96 | NS      | $4033.92      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MARTIN MARIETTA MATERIALS INC            | MARTIN MARIETTA MATERIALS INC        | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |      6502 | NS      | $3406917.96   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| EXACT SCIENCES CORP                      | EXACT SCIENCES CORP                  | CUSIP: 30063P105<br>LEI: 549300VM3X1FYD4N9Z14 | Long             | EC               | CORP              | US        |     48536 | NS      | $2215183.04   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ROCKET COS INC                           | ROCKET COS INC                       | CUSIP: 77311W101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    178137 | NS      | $2299748.67   | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| BOEING CO                                | BOEING CO                            | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |    124846 | NS      | $22876781.04  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| ARITZIA INC                              | ARITZIA INC                          | CUSIP: 04045U102<br>LEI: 549300U83HKFRL1EX527 | Long             | EC               | CORP              | CA        |    158941 | NS      | $5590489.69   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SHOPIFY INC                              | SHOPIFY INC CL A                     | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |    138349 | NS      | $13158509.27  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                 | BUILDERS FIRSTSOURCE                 | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |     29743 | NS      | $3558155.09   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ARISTA NETWORKS INC                      | ARISTA NETWORKS INC                  | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |        52 | NS      | $4278.04      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HOWMET AEROSPACE INC                     | HOWMET AEROSPACE INC                 | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |     76518 | NS      | $10603864.44  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| NETFLIX INC                              | NETFLIX INC                          | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |    116006 | NS      | $131286310.32 | 3.61%             |  |  |  | No            |                  1 | On Loan: No      |
| ALNYLAM PHARMACEUTICALS INC              | ALNYLAM PHARMACEUTICALS INC          | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |     17649 | NS      | $4645922.76   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                           | MORGAN STANLEY                       | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     55450 | NS      | $6400039.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCORE TECHNOLOGIES INC                 | PROCORE TECHNOLOGIES INC             | CUSIP: 74275K108<br>LEI: 5493005PTWY0RHYRAH22 | Long             | EC               | CORP              | US        |        36 | NS      | $2307.24      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.COM INC                               | JD.COM INC SPON ADR                  | CUSIP: 47215P106<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | KY        |     69670 | NS      | $2272635.40   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| EAGLE MATLS INC                          | EAGLE MATERIALS INC                  | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |        12 | NS      | $2716.68      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MICRON TECHNOLOGY INC                    | MICRON TECHNOLOGY INC                | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |     51915 | NS      | $3994859.25   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS HEALTH CORP                          | CVS HEALTH CORP                      | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |     40051 | NS      | $2671802.21   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIPOTLE MEXICAN GRILL INC               | CHIPOTLE MEXICAN GRILL INC           | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    409879 | NS      | $20707087.08  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                   | SAP SE SPON ADR                      | CUSIP: 803054204<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |     20993 | NS      | $6133944.67   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX CORP                              | ROBLOX CORP                          | CUSIP: 771049103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    260260 | NS      | $17450433.00  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORP                              | NVIDIA CORP                          | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |   4123719 | NS      | $449155473.48 | 12.34%            |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INC                           | MASTERCARD INC CL A                  | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     83212 | NS      | $45605168.72  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| DELTA AIRLINES INC                       | DELTA AIR INC                        | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |     48633 | NS      | $2024591.79   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CARDINAL HEALTH INC                      | CARDINAL HEALTH INC                  | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |     45012 | NS      | $6359745.48   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| BJS WHOLESALE CLUB HOLDINGS INC          | BJS WHSL CLUB HLDGS INC              | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |     27551 | NS      | $3238895.56   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| WAYFAIR INC                              | WAYFAIR INC                          | CUSIP: 94419L101<br>LEI: 54930027N9ZAVYFDHK53 | Long             | EC               | CORP              | US        |      8777 | NS      | $264714.32    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DECKERS OUTDOOR CORP                     | DECKERS OUTDOOR CORP                 | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |     95216 | NS      | $10552789.28  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| COREWEAVE INC                            | COREWEAVE INC                        | CUSIP: 21873S108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    231254 | NS      | $9550790.20   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| REDDIT INC                               | REDDIT INC A                         | CUSIP: 75734B100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     82788 | NS      | $9650597.16   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ZILLOW GROUP INC                         | ZILLOW GROUP INC CL C                | CUSIP: 98954M200<br>LEI: 2549002XEELQDIR6FU05 | Long             | EC               | CORP              | US        |     72387 | NS      | $4873816.71   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| AMER SPORTS INC                          | AMER SPORTS INC                      | CUSIP: N/A<br>LEI: 391200YCSWTRD1J21867       | Long             | EC               | CORP              | KY        |    337052 | NS      | $8173511.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES INC                      | GILEAD SCIENCES INC                  | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |    179274 | NS      | $19099851.96  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| CAMECO CORP                              | CAMECO CORP                          | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |     80162 | NS      | $3618512.45   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INC                   | UNITEDHEALTH GROUP INC               | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     18827 | NS      | $7746180.88   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| VIKING THERAPEUTICS INC                  | VIKING THERAPEUTICS INC              | CUSIP: 92686J106<br>LEI: 529900IVC72YPFA25M37 | Long             | EC               | CORP              | US        |     71082 | NS      | $2052137.34   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| FIVE9 INC                                | FIVE9 INC                            | CUSIP: 338307101<br>LEI: 254900MXP6EWY0SFFR59 | Long             | EC               | CORP              | US        |        84 | NS      | $2111.76      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| APOGEE THERAPEUTICS INC                  | APOGEE THERAPEUTICS INC              | CUSIP: 03770N101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6900 | NS      | $270825.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CENCORA INC                              | CENCORA INC                          | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |     14956 | NS      | $4377172.52   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| INSULET CORP                             | INSULET CORP                         | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |     23907 | NS      | $6031497.03   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| CARMAX INC                               | CARMAX INC                           | CUSIP: 143130102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        60 | NS      | $3880.20      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MOODYS CORP                              | MOODYS CORP                          | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |     13290 | NS      | $6021964.80   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN EXPRESS CO                      | AMERICAN EXPRESS CO                  | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |     16191 | NS      | $4313444.31   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| VALE SA                                  | VALE SA ADR                          | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |    293866 | NS      | $2735892.46   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MASIMO CORP                              | MASIMO CORP                          | CUSIP: 574795100<br>LEI: 549300Q4A8JK0PIYCU29 | Long             | EC               | CORP              | US        |      4508 | NS      | $725607.68    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC                             | ALPHABET INC CL A                    | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |   1155534 | NS      | $183498799.20 | 5.04%             |  |  |  | No            |                  1 | On Loan: No      |
| UBER TECHNOLOGIES INC                    | UBER TECHNOLOGIES INC                | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |    463488 | NS      | $37547162.88  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| FERGUSON ENTERPRISES INC                 | FERGUSON ENTERPRISES INC             | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |     14821 | NS      | $2514530.86   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CHENIERE ENERGY INC                      | CHENIERE ENERGY INC                  | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |     13374 | NS      | $3090865.14   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| WALT DISNEY CO                           | DISNEY (WALT) CO                     | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |        76 | NS      | $6912.20      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SEA LTD                                  | SEA LTD ADR                          | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |     31546 | NS      | $4228741.30   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-30

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

**Signature:** Stacie M. Smith

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

**Title:** President and Treasurer