# EDGAR Filing Document

**Accession Number:** 0000945908
**File Stem:** 0000035402-26-000412
**Filing Date:** 2026-1
**Character Count:** 19127
**Document Hash:** 34a8fa638f7586adf5feae0a8075c34a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035402-26-000412.hdr.sgml**: 20260123

**ACCESSION NUMBER**: 0000035402-26-000412

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260123

**DATE AS OF CHANGE**: 20260123

**PERIOD START**: 20260531

**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:** 26555345

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-563-7000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

## Series and Classes Contracts Data

### Fidelity Disruptive Finance ETF (Series ID: S000079687)

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

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Fidelity Covington Trust

- **b. Investment Company Act file number:** 811-07319

- **c. CIK number of Registrant:** 0000945908

- **d. LEI of Registrant:** 549300JFYFTF85QAQR28

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 245 Summer Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

  - **Telephone number:** 1-800-FIDELITY

**Item A.2. Information about the Series.**

- **a. Name of Series:** Fidelity Disruptive Finance ETF

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

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

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

- **a. Date of fiscal year-end:** 2026-05-31

- **b. Date as of which information is reported:** 2025-11-30

**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:** $48854238.80

**Total Liabilities:** $1969957.30

**Net Assets:** $46884281.50

**Cash Not Reported:** $9619.05

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000240927 | -3.10%               | -3.65%               | -0.59%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4478.24                 | $-1709089.19                               |
| Month 2  | $1223554.54              | $-2999484.19                               |
| Month 3  | $1712.91                 | $-373244.51                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ALLY FINANCIAL INC                 | ALLY FINANCIAL INC                            | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               | CORP              | US        |     16775 | NS      | $692807.50    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN HOMES 4 RENT              | AMERICAN HOMES 4 RENT                         | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |     11868 | NS      | $381200.16    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| ARES MANAGEMENT CORP               | ARES MANAGEMENT CORP CL A                     | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |      3927 | NS      | $615949.95    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| HISCOX LTD                         | HISCOX LTD (NE HISCOX BERMUDA)                | CUSIP: N/A<br>LEI: 5493007JXOLJ0QCY2D70       | Long             | EC               | CORP              | BM        |     71998 | NS      | $1277070.28   | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| CBOE GLOBAL MARKETS INC            | CBOE GLOBAL MARKETS INC                       | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |      3640 | NS      | $939738.80    | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP         | CAPITAL ONE FINANCIAL CORP                    | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |     13160 | NS      | $2882961.20   | 6.15%             |  |  |  | No            |                  1 | On Loan: No      |
| DBS GROUP HOLDINGS LTD             | DBS GROUP HOLDINGS LTD                        | CUSIP: N/A<br>LEI: 5493007FKT78NKPM5V55       | Long             | EC               | CORP              | SG        |     49776 | NS      | $2081922.44   | 4.44%             |  |  |  | No            |                  1 | On Loan: No      |
| BANKINTER SA                       | BANKINTER SA                                  | CUSIP: N/A<br>LEI: VWMYAEQSTOPNV0SUGU82       | Long             | EC               | CORP              | ES        |    122462 | NS      | $1926859.47   | 4.11%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUIFAX INC                        | EQUIFAX INC                                   | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |      9419 | NS      | $2000313.03   | 4.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust       | Fidelity Cash Central Fund                    | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |    167021 | NS      | $167054.28    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust       | Fidelity Securities Lending Cash Central Fund | CUSIP: 31635A303<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |   1950635 | NS      | $1950830.21   | 4.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CORPAY INC                         | CORPAY INC                                    | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |      2293 | NS      | $678269.40    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE INC      | INTERCONTINENTAL EXCHANGE INC                 | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |      9116 | NS      | $1433946.80   | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| LONDON STOCK EXCHANGE GROUP PLC    | LONDON STOCK EXCHANGE GRP PLC                 | CUSIP: N/A<br>LEI: 213800QAUUUP6I445N30       | Long             | EC               | CORP              | GB        |      9931 | NS      | $1171015.80   | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI INC                           | MSCI INC                                      | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |       861 | NS      | $485362.92    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MARKETAXESS HOLDINGS INC           | MARKETAXESS HLDGS INC                         | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |      2151 | NS      | $352527.39    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INC                     | MASTERCARD INC CL A                           | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      3845 | NS      | $2116787.85   | 4.51%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCADOLIBRE INC                   | MERCADOLIBRE INC                              | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |       211 | NS      | $437145.58    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| PATHWARD FINANCIAL INC             | PATHWARD FINANCIAL INC                        | CUSIP: 59100U108<br>LEI: 5493004X52BH1NBLW813 | Long             | EC               | CORP              | US        |      6232 | NS      | $448080.80    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| STRATEGY INC                       | STRATEGY INC CL A                             | CUSIP: 594972408<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EC               | CORP              | US        |      2393 | NS      | $423991.74    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| FINECOBANK SPA                     | FINECOBANK SPA                                | CUSIP: N/A<br>LEI: 549300L7YCATGO57ZE10       | Long             | EC               | CORP              | IT        |     77932 | NS      | $1912560.57   | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| BITMINE IMMERSION TECHNOLOGIES INC | BITMINE IMMERSION TECHNOLOGIES INC            | CUSIP: 09175A206<br>LEI: 254900TGJJ1D9JNAQT27 | Long             | EC               | CORP              | US        |     18230 | NS      | $603777.60    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| ADYEN NV                           | ADYEN BV                                      | CUSIP: N/A<br>LEI: 724500973ODKK3IFQ447       | Long             | EC               | CORP              | NL        |      1367 | NS      | $2126457.63   | 4.54%             |  |  |  | No            |                  1 | On Loan: No      |
| BLOCK INC                          | BLOCK INC CL A                                | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |     33047 | NS      | $2207539.60   | 4.71%             |  |  |  | No            |                  1 | On Loan: No      |
| VERISK ANALYTICS INC               | VERISK ANALYTICS INC                          | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      1902 | NS      | $428083.14    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| VIRTU FINANCIAL INC                | VIRTU FINANCIAL INC- CL A                     | CUSIP: 928254101<br>LEI: 5493001OPW2K42CH3884 | Long             | EC               | CORP              | US        |     13918 | NS      | $497707.68    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC                           | VISA INC CL A                                 | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      6048 | NS      | $2022693.12   | 4.31%             |  |  |  | No            |                  1 | On Loan: No      |
| BEAZLEY PLC/UK                     | BEAZLEY PLC/UK                                | CUSIP: N/A<br>LEI: 213800VTOMUWD41GIT12       | Long             | EC               | CORP              | GB        |     54299 | NS      | $573207.80    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| TOAST INC                          | TOAST INC                                     | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |     15594 | NS      | $533158.86    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| PENNYMAC FINANCIAL SERVICES INC    | PENNYMAC FINANCIAL SERVICES INC               | CUSIP: 70932M107<br>LEI: 549300W1D516HBDEU871 | Long             | EC               | CORP              | US        |      4689 | NS      | $630998.73    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| TRADEWEB MARKETS INC               | TRADEWEB MARKETS INC A                        | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5630 | NS      | $612881.80    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| BALDWIN INSURANCE GROUP INC/THE    | BALDWIN INSURANCE GROUP INC/THE               | CUSIP: 05589G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22152 | NS      | $631553.52    | 1.35%             |  |  |  | No            |                  1 | On Loan: —       |
| BILL HOLDINGS INC                  | BILL HOLDINGS INC                             | CUSIP: 090043100<br>LEI: 549300IBF9VZZIGOZW63 | Long             | EC               | CORP              | US        |      5934 | NS      | $297590.10    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| UWM HOLDINGS CORP                  | UWM HOLDINGS CORP CL A                        | CUSIP: 91823B109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    112122 | NS      | $655913.70    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| BLUE OWL CAPITAL INC               | BLUE OWL CAPITAL INC A                        | CUSIP: 09581B103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     53393 | NS      | $800895.00    | 1.71%             |  |  |  | No            |                  1 | On Loan: —       |
| AFFIRM HOLDINGS INC                | AFFIRM HOLDINGS INC                           | CUSIP: 00827B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11081 | NS      | $786196.95    | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| COINBASE GLOBAL INC                | COINBASE GLOBAL INC                           | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Long             | EC               | CORP              | US        |      3030 | NS      | $826644.60    | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIME FINANCIAL INC                | CHIME FINANCIAL INC                           | CUSIP: 16935C109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     68776 | NS      | $1453236.88   | 3.10%             |  |  |  | No            |                  1 | On Loan: —       |
| WISE PLC                           | WISE PLC                                      | CUSIP: N/A<br>LEI: 213800LD9XCHIC1C4V71       | Long             | EC               | CORP              | GB        |     85132 | NS      | $995045.88    | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| DNB BANK ASA                       | DNB BANK ASA                                  | CUSIP: N/A<br>LEI: 549300GKFG0RYRRQ1414       | Long             | EC               | CORP              | NO        |     31435 | NS      | $840391.72    | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| NU HOLDINGS LTD/CAYMAN ISLANDS     | NU HOLDINGS LTD/CAYMAN ISLANDS                | CUSIP: N/A<br>LEI: 5493002DG1RHWK9W2X27       | Long             | EC               | CORP              | KY        |     53742 | NS      | $934573.38    | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| DEFINITY FINANCIAL CORP            | DEFINITY FINANCIAL CORP                       | CUSIP: 24477T100<br>LEI: 984500D5F3FC49D00C44 | Long             | EC               | CORP              | CA        |     10700 | NS      | $552438.37    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| APOLLO GLOBAL MANAGEMENT, INC      | APOLLO GLOBAL MANAGEMENT INC                  | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |     15824 | NS      | $2086394.40   | 4.45%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKROCK INC                      | BLACKROCK INC                                 | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |      2416 | NS      | $2530276.80   | 5.40%             |  |  |  | No            |                  1 | On Loan: No      |
| ETORO GROUP LTD                    | ETORO GROUP LTD                               | CUSIP: N/A<br>LEI: 213800XPRPJK2X5QRG86       | Long             | EC               | CORP              | VG        |      9853 | NS      | $413530.41    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| BULLISH                            | BULLISH                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |      3787 | NS      | $165188.94    | 0.35%             |  |  |  | No            |                  1 | On Loan: —       |
| FIGURE TECHNOLOGY SOLUTIONS INC    | FIGURE TECHNOLOGY SOLUTIONS INC A             | CUSIP: 349381103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5487 | NS      | $198848.88    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-30

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

**Signature:** Stacie M. Smith

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

**Title:** President and Treasurer