# EDGAR Filing Document

**Accession Number:** 0000945908
**File Stem:** 0001752724-23-067535
**Filing Date:** 2023-3
**Character Count:** 21249
**Document Hash:** a109a73c7c0bb98d84883485a01e81c0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-067535.hdr.sgml**: 20230327

**ACCESSION NUMBER**: 0001752724-23-067535

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230327

**DATE AS OF CHANGE**: 20230327

**PERIOD START**: 20230731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY COVINGTON TRUST
- **CENTRAL INDEX KEY:** 0000945908
- **IRS NUMBER:** 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:** 23763643

**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 Magellan ETF (Series ID: S000070234)

| Class ID   | Class Name            | Ticker Symbol   |
|:---|:---|:---|
| C000223345 | Fidelity Magellan ETF | FMAG            |

## 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 Magellan ETF

- **b. EDGAR series identifier (if any):** S000070234

- **c. LEI of Series:** 549300LSRMULK046QF21

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

- **a. Date of fiscal year-end:** 2023-07-31

- **b. Date as of which information is reported:** 2023-01-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $43614642.04

**Total Liabilities:** $674380.78

**Net Assets:** $42940261.26

**Cash Not Reported:** $777251.61

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000223345 | 6.47%                | -6.59%               | 7.03%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-442518.15              | $3198116.85                                |
| Month 2  | $-489194.91              | $-2499712.14                               |
| Month 3  | $-125329.15              | $2975893.85                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| THERMO FISHER SCIENTIFIC INC    | THERMO FISHER SCIENTIFIC INC  | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |      1647 | NS      | $939333.51    | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNOPSYS INC                    | SYNOPSYS INC                  | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |      1840 | NS      | $650900.00    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| GARTNER INC                     | GARTNER INC                   | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |      1603 | NS      | $542038.42    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| COSTCO WHOLESALE CORP           | COSTCO WHOLESALE CORP         | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      1801 | NS      | $920563.14    | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC                       | APPLE INC                     | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      7017 | NS      | $1012482.93   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM INC                  | AMAZON.COM INC                | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      4098 | NS      | $422626.74    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| AMPHENOL CORPORATION NEW        | AMPHENOL CORPORATION CL A     | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |      7422 | NS      | $592052.94    | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                  | MICROSOFT CORP                | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     12335 | NS      | $3056736.35   | 7.12%             |  |  |  | No            |                  1 | On Loan: No      |
| LAM RESEARCH CORP               | LAM RESEARCH CORP             | CUSIP: 512807108<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      1404 | NS      | $702140.40    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC                    | ALPHABET INC CL C             | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      4374 | NS      | $436831.38    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ACCENTURE PLC                   | ACCENTURE PLC CL A            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IE        |      3029 | NS      | $845242.45    | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| S and P GLOBAL INC              | S and P GLOBAL INC            | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |      2288 | NS      | $857862.72    | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC                        | VISA INC CL A                 | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      4859 | NS      | $1118590.39   | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| LINDE PLC                       | LINDE PLC                     | CUSIP: N/A<br>LEI: 8945002PAZHZLBGKGF02       | Long             | EC               | CORP              | IE        |      2338 | NS      | $773737.72    | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| ADOBE INC                       | ADOBE INC                     | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      1778 | NS      | $658464.52    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY INC              | NEXTERA ENERGY INC            | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12564 | NS      | $937651.32    | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| INTUIT INC                      | INTUIT INC                    | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      1760 | NS      | $743899.20    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTODESK INC                    | AUTODESK INC                  | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |      2354 | NS      | $506486.64    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTOMATIC DATA PROCESSING INC   | AUTOMATIC DATA PROCESSING INC | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |      2822 | NS      | $637235.82    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| RAYMOND JAMES FINANCIAL INC.    | RAYMOND JAMES FINANCIAL INC.  | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |      4963 | NS      | $559677.51    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUIFAX INC                     | EQUIFAX INC                   | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |      3272 | NS      | $727038.40    | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN WATER WORKS CO INC     | AMERICAN WATER WRKS COMPANY   | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |      3987 | NS      | $623925.63    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLLAR GEN CORP NEW             | DOLLAR GENERAL CORP           | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |      2766 | NS      | $646137.60    | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| MARSH and MCLENNAN COS INC      | MARSH and MCLENNAN COS INC    | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |      4191 | NS      | $733047.81    | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| CORTEVA INC                     | CORTEVA INC                   | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |      4103 | NS      | $264438.35    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| CINTAS CORP                     | CINTAS CORP                   | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1501 | NS      | $666053.74    | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| GALLAGHER (ARTHUR J.) and CO    | ARTHUR J GALLAGHAR AND CO     | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |      3411 | NS      | $667600.92    | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| CADENCE DESIGN SYSTEMS INC      | CADENCE DESIGN SYSTEMS INC    | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |      3763 | NS      | $687989.29    | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| DOMINOS PIZZA INC               | DOMINOS PIZZA INC             | CUSIP: 25754A201<br>LEI: 5299004V0Y8MI5D9FF45 | Long             | EC               | CORP              | US        |       886 | NS      | $312758.00    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| LILLY (ELI) and CO              | LILLY (ELI) and CO            | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      2472 | NS      | $850738.80    | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| VERISK ANALYTICS INC            | VERISK ANALYTICS INC          | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      3485 | NS      | $633538.15    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO CORP NEW                  | HEICO CORP CL A               | CUSIP: 422806208<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |      4744 | NS      | $634177.92    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| FORTINET INC                    | FORTINET INC                  | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |      6403 | NS      | $335133.02    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSDIGM GROUP INC             | TRANSDIGM GROUP INC           | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       804 | NS      | $577071.00    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE INC   | INTERCONTINENTAL EXCHANGE INC | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |      6691 | NS      | $719617.05    | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| SHERWIN WILLIAMS CO             | SHERWIN WILLIAMS CO           | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |      2913 | NS      | $689186.67    | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| ZOETIS INC                      | ZOETIS INC CL A               | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |      4772 | NS      | $789718.28    | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILIP MORRIS INTERNATIONAL INC | PHILIP MORRIS INTL INC        | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |      7111 | NS      | $741250.64    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| DANAHER CORP                    | DANAHER CORP                  | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |      3373 | NS      | $891753.74    | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| WASTE CONNECTION INC            | WASTE CONNECTIONS INC         | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |      1683 | NS      | $223670.70    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| PALO ALTO NETWORKS INC          | PALO ALTO NETWORKS INC        | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      3833 | NS      | $608067.12    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| COPART INC                      | COPART INC                    | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |      7169 | NS      | $477527.09    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA CORP                        | KLA CORP                      | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      1689 | NS      | $662898.72    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW CORP                        | CDW CORPORATION               | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |      3326 | NS      | $651995.78    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORP                     | NVIDIA CORP                   | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      5822 | NS      | $1137444.14   | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| VEEVA SYS INC                   | VEEVA SYS INC CL A            | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |      3362 | NS      | $573389.10    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INC                  | MASTERCARD INC CL A           | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      2722 | NS      | $1008773.20   | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYCHEX INC                     | PAYCHEX INC                   | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |      4925 | NS      | $570610.50    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| METTLER-TOLEDO INTL INC         | METTLER-TOLEDO INTL INC       | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |       434 | NS      | $665287.28    | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA COMMUNICATIONS CORP         | SBA COMMUNICATIONS CORP       | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |      2233 | NS      | $664384.49    | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| AIRBNB INC                      | AIRBNB INC CLASS A            | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |      5585 | NS      | $620549.35    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| HUMANA INC                      | HUMANA INC                    | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |      1534 | NS      | $784947.80    | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INC          | UNITEDHEALTH GROUP INC        | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      2569 | NS      | $1282419.11   | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN TOWER CORP             | AMERICAN TOWER CORP           | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |      3328 | NS      | $743441.92    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| HILTON WORLDWIDE HOLDINGS INC   | HILTON WORLDWIDE HOLDINGS INC | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |      3659 | NS      | $530884.31    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| MOODYS CORP                     | MOODYS CORP                   | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |      2444 | NS      | $788801.00    | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| PROLOGIS INC                    | PROLOGIS INC REIT             | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |      6268 | NS      | $810327.04    | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-02

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

**Signature:** Stacie M. Smith

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

**Title:** President and Treasurer