# EDGAR Filing Document

**Accession Number:** 0000945908
**File Stem:** 0001752724-25-198467
**Filing Date:** 2025-8
**Character Count:** 21571
**Document Hash:** 107fa78aff84e6fa83ff40f9ccb89404
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-198467.hdr.sgml**: 20250822

**ACCESSION NUMBER**: 0001752724-25-198467

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250822

**DATE AS OF CHANGE**: 20250822

**PERIOD START**: 20250630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY COVINGTON TRUST
- **CENTRAL INDEX KEY:** 0000945908

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07319
- **FILM NUMBER:** 251243273

**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 Cloud Computing ETF (Series ID: S000073598)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000230603 | Fidelity Cloud Computing ETF | FCLD            |

## 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 Cloud Computing ETF

- **b. EDGAR series identifier (if any):** S000073598

- **c. LEI of Series:** 549300TR4NYIN9OVQI08

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

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

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

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $94842116.59

**Total Liabilities:** $2502035.10

**Net Assets:** $92340081.49

**Cash Not Reported:** $38601.46

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000230603 | 5.09%                | 8.71%                | 4.69%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $236580.35               | $3684370.32                                |
| Month 2  | $0.00                    | $7051098.05                                |
| Month 3  | $2164340.44              | $1886488.82                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| DIGITAL REALTY TRUST INC                    | DIGITAL REALTY TRUST INC                      | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |     18183 | NS      | $3169842.39   | 3.43%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUINIX INC                                 | EQUINIX INC                                   | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |      4247 | NS      | $3378361.09   | 3.66%             |  |  |  | No            |                  1 | On Loan: No      |
| BRAZE INC                                   | BRAZE INC                                     | CUSIP: 10576N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26707 | NS      | $750466.70    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMVAULT SYSTEMS INC                       | COMMVAULT SYSTEMS INC                         | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Long             | EC               | CORP              | US        |      8259 | NS      | $1439791.47   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| VERINT SYS INC                              | VERINT SYSTEMS INC                            | CUSIP: 92343X100<br>LEI: 549300KEQJS5FRVUCO94 | Long             | EC               | CORP              | US        |     40241 | NS      | $791540.47    | 0.86%             |  |  |  | No            |                  1 | On Loan: —       |
| C3.AI INC                                   | C3.AI INC                                     | CUSIP: 12468P104<br>LEI: 549300YDLK0YQO5B1V80 | Long             | EC               | CORP              | US        |     39834 | NS      | $978721.38    | 1.06%             |  |  |  | No            |                  1 | On Loan: —       |
| DOCUSIGN INC                                | DOCUSIGN INC                                  | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |     22257 | NS      | $1733597.73   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| INTAPP INC                                  | INTAPP INC                                    | CUSIP: 45827U109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18515 | NS      | $955744.30    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| DROPBOX INC                                 | DROPBOX INC CL A                              | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               | CORP              | US        |     47138 | NS      | $1348146.80   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM INC                              | AMAZON.COM INC                                | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      8806 | NS      | $1931948.34   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ELASTIC NV                                  | ELASTIC NV                                    | CUSIP: N/A<br>LEI: 2549003I48WHHH937I59       | Long             | EC               | CORP              | NL        |     17325 | NS      | $1461017.25   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                              | MICROSOFT CORP                                | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      8851 | NS      | $4402575.91   | 4.77%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVICENOW INC                              | SERVICENOW INC                                | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      4054 | NS      | $4167836.32   | 4.51%             |  |  |  | No            |                  1 | On Loan: No      |
| DAYFORCE INC                                | DAYFORCE INC                                  | CUSIP: 15677J108<br>LEI: 549300T64GVCHFJ8L449 | Long             | EC               | CORP              | US        |     26800 | NS      | $1484452.00   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| CONFLUENT INC                               | CONFLUENT INC                                 | CUSIP: 20717M103<br>LEI: 254900MRZ83YWUV7SN74 | Long             | EC               | CORP              | US        |     57315 | NS      | $1428862.95   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| ATLASSIAN CORP PLC                          | ATLASSIAN CORP PLC CLS A                      | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | US        |     12533 | NS      | $2545326.97   | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| DATADOG INC                                 | DATADOG INC CL A                              | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |     22804 | NS      | $3063261.32   | 3.32%             |  |  |  | No            |                  1 | On Loan: No      |
| NICE LTD                                    | NICE LTD                                      | CUSIP: N/A<br>LEI: 254900YTY4EF5Z4W0A51       | Long             | EC               | CORP              | IL        |      9734 | NS      | $1651961.69   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTERN DIGITAL CORP                        | WESTERN DIGITAL CORP                          | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |     38350 | NS      | $2454016.50   | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTEX INC                                  | VERTEX INC - CLASS A                          | CUSIP: 92538J106<br>LEI: 549300QMYW171MP1PL50 | Long             | EC               | CORP              | US        |     22405 | NS      | $791680.68    | 0.86%             |  |  |  | No            |                  1 | On Loan: —       |
| CHICAGO MERCANTILE EXCH INC                 | NASD100 MICRO FUT EMINSEP25 HWBU5             | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DE               | CORP              | US        |         5 | NC      | $8233.29      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| KLAVIYO INC                                 | KLAVIYO INC-A                                 | CUSIP: 49845K101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30537 | NS      | $1025432.46   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITALOCEAN HOLDINGS INC                   | DIGITALOCEAN HOLDINGS INC                     | CUSIP: 25402D102<br>LEI: 549300EPISPY3RE3DL21 | Long             | EC               | CORP              | US        |     29680 | NS      | $847660.80    | 0.92%             |  |  |  | No            |                  1 | On Loan: —       |
| JFROG LTD                                   | JFROG LTD                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IL        |     27164 | NS      | $1191956.32   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| IONOS SE                                    | IONOS SE                                      | CUSIP: N/A<br>LEI: 54930038KPLOYRDHV375       | Long             | EC               | CORP              | DE        |     20374 | NS      | $954249.20    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| HUBSPOT INC                                 | HUBSPOT INC                                   | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |      4237 | NS      | $2358441.31   | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| RUBRIK INC                                  | RUBRIK INC                                    | CUSIP: 781154109<br>LEI: 254900TRGK2WTBYMYU27 | Long             | EC               | CORP              | US        |     15664 | NS      | $1403337.76   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| SNOWFLAKE INC                               | SNOWFLAKE INC CL A                            | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |     16679 | NS      | $3732259.83   | 4.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PURE STORAGE INC                            | PURE STORAGE INC CL A                         | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |     36559 | NS      | $2105067.22   | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| UIPATH INC                                  | UIPATH INC A                                  | CUSIP: 90364P105<br>LEI: 5493000YP61KBELDHT53 | Long             | EC               | CORP              | US        |    100488 | NS      | $1286246.40   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| KINGSOFT CLOUD HOLDINGS LTD                 | KINGSOFT CLOUD HOLDINGS LTD                   | CUSIP: N/A<br>LEI: 875500HZE0VKCD0Z8K15       | Long             | EC               | CORP              | KY        |   1102000 | NS      | $932137.58    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GITLAB INC                                  | GITLAB INC CL A                               | CUSIP: 37637K108<br>LEI: 9845004Y40FACG81ED49 | Long             | EC               | CORP              | US        |     28171 | NS      | $1270793.81   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| NUTANIX INC                                 | NUTANIX INC CL A                              | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |     27221 | NS      | $2080773.24   | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| VNET GROUP INC                              | VNET GROUP INC                                | CUSIP: 90138A103<br>LEI: 529900672GYJQ3T38I58 | Long             | EC               | CORP              | KY        |    116503 | NS      | $803870.70    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| SEAGATE TECHNOLOGY HOLDINGS PLC             | SEAGATE TECHNOLOGY HOLDINGS PLC               | CUSIP: N/A<br>LEI: 635400RUXIFEZSRU8X70       | Long             | EC               | CORP              | IE        |     18788 | NS      | $2711672.04   | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| MONGODB INC                                 | MONGODB INC CL A                              | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |      9523 | NS      | $1999734.77   | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| BOX INC                                     | BOX INC CL A                                  | CUSIP: 10316T104<br>LEI: 549300KQUCPD8687YS68 | Long             | EC               | CORP              | US        |     33998 | NS      | $1161711.66   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| SALESFORCE INC                              | SALESFORCE INC                                | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     15602 | NS      | $4254509.38   | 4.61%             |  |  |  | No            |                  1 | On Loan: No      |
| INFORMATICA INC                             | INFORMATICA INC                               | CUSIP: 45674M101<br>LEI: 984500E0DEFFE6DE9588 | Long             | EC               | CORP              | US        |     37437 | NS      | $911590.95    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust                | Fidelity Cash Central Fund                    | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |    185554 | NS      | $185590.99    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSTRATEGY INC                           | MICROSTRATEGY INC CL A                        | CUSIP: 594972408<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EC               | CORP              | US        |     10310 | NS      | $4167611.30   | 4.51%             |  |  |  | No            |                  1 | On Loan: No      |
| PEGASYSTEMS INC                             | PEGASYSTEMS INC                               | CUSIP: 705573103<br>LEI: 549300FMCOKPL06FYN26 | Long             | EC               | CORP              | US        |     23976 | NS      | $1297820.88   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| KINGDEE INTERNATIONAL SOFTWARE GROUP CO LTD | KINGDEE INTL SFTWRE GRP CO LTD                | CUSIP: N/A<br>LEI: 529900SWRZN94C5SZO63       | Long             | EC               | CORP              | KY        |    778500 | NS      | $1531215.29   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| TWILIO INC                                  | TWILIO INC CLASS A                            | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Long             | EC               | CORP              | US        |     17218 | NS      | $2141230.48   | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| ZETA GLOBAL HOLDINGS CORP                   | ZETA GLOBAL HOLDINGS CORP                     | CUSIP: 98956A105<br>LEI: 2549008P9XSJQHGQ9S27 | Long             | EC               | CORP              | US        |     77324 | NS      | $1197748.76   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust                | Fidelity Securities Lending Cash Central Fund | CUSIP: 31635A303<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |   2472399 | NS      | $2472646.50   | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| WORKDAY INC                                 | WORKDAY INC CL A                              | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |     12609 | NS      | $3026160.00   | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| NETAPP INC                                  | NETAPP INC                                    | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |     20980 | NS      | $2235419.00   | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| FIVE9 INC                                   | FIVE9 INC                                     | CUSIP: 338307101<br>LEI: 254900MXP6EWY0SFFR59 | Long             | EC               | CORP              | US        |     32059 | NS      | $848922.32    | 0.92%             |  |  |  | No            |                  1 | On Loan: —       |
| DYNATRACE INC                               | DYNATRACE INC                                 | CUSIP: 268150109<br>LEI: 6488T0Z33CE9L61EX904 | Long             | EC               | CORP              | US        |     36329 | NS      | $2005724.09   | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ONESTREAM INC                               | ONESTREAM INC                                 | CUSIP: 68278B107<br>LEI: 254900CRBCHIYDC37W82 | Long             | EC               | CORP              | US        |     27911 | NS      | $789881.30    | 0.86%             |  |  |  | No            |                  1 | On Loan: —       |
| TERADATA CORP DEL                           | TERADATA CORP                                 | CUSIP: 88076W103<br>LEI: 549300JU9SOUHV4U4R71 | Long             | EC               | CORP              | US        |     41381 | NS      | $923210.11    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| RINGCENTRAL INC                             | RINGCENTRAL INC CL A                          | CUSIP: 76680R206<br>LEI: 549300C8EH0H1614VE84 | Long             | EC               | CORP              | US        |     34449 | NS      | $976629.15    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

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

**Signature:** Stacie M. Smith

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

**Title:** President and Treasurer