# EDGAR Filing Document

**Accession Number:** 0000945908
**File Stem:** 0000035402-26-001150
**Filing Date:** 2026-2
**Character Count:** 21570
**Document Hash:** e103d9fccca2259ef89186238d4ece14
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035402-26-001150.hdr.sgml**: 20260224

**ACCESSION NUMBER**: 0000035402-26-001150

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260224

**DATE AS OF CHANGE**: 20260224

**PERIOD START**: 20260630

**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:** 26670211

**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:** 2026-06-30

- **b. Date as of which information is reported:** 2025-12-31

**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:** $91082464.06

**Total Liabilities:** $1837508.04

**Net Assets:** $89244956.02

**Cash Not Reported:** $35936.31

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000230603 | 6.61%                | -5.82%               | 1.25%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1.80                    | $5804468.45                                |
| Month 2  | $-51998.61               | $-5387512.49                               |
| Month 3  | $3845940.79              | $-2550689.42                               |

### 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        |     17952 | NS      | $2777353.92   | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUINIX INC                                 | EQUINIX INC                                   | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |      4535 | NS      | $3474535.60   | 3.89%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMVAULT SYSTEMS INC                       | COMMVAULT SYSTEMS INC                         | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Long             | EC               | CORP              | US        |      9949 | NS      | $1247206.64   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| DOCUSIGN INC                                | DOCUSIGN INC                                  | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |     24570 | NS      | $1680588.00   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| INTAPP INC                                  | INTAPP INC                                    | CUSIP: 45827U109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20485 | NS      | $938622.70    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| DROPBOX INC                                 | DROPBOX INC CL A                              | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               | CORP              | US        |     40864 | NS      | $1136019.20   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM INC                              | AMAZON.COM INC                                | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      7727 | NS      | $1783546.14   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LIVERAMP HOLDINGS INC                       | LIVERAMP HOLDINGS INC                         | CUSIP: 53815P108<br>LEI: 254900GXS75LG1X7RF88 | Long             | EC               | CORP              | US        |     28587 | NS      | $839600.19    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| ELASTIC NV                                  | ELASTIC NV                                    | CUSIP: N/A<br>LEI: 2549003I48WHHH937I59       | Long             | EC               | CORP              | NL        |     17895 | NS      | $1349998.80   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                              | MICROSOFT CORP                                | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      8284 | NS      | $4006308.08   | 4.49%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVICENOW INC                              | SERVICENOW INC                                | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |     23743 | NS      | $3637190.17   | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CONFLUENT INC                               | CONFLUENT INC                                 | CUSIP: 20717M103<br>LEI: 254900MRZ83YWUV7SN74 | Long             | EC               | CORP              | US        |     56412 | NS      | $1705898.88   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| ATLASSIAN CORP PLC                          | ATLASSIAN CORP PLC CLS A                      | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | US        |     14020 | NS      | $2273202.80   | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| DATADOG INC                                 | DATADOG INC CL A                              | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |     18569 | NS      | $2525198.31   | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| NICE LTD                                    | NICE LTD                                      | CUSIP: N/A<br>LEI: 254900YTY4EF5Z4W0A51       | Long             | EC               | CORP              | IL        |     12366 | NS      | $1385553.83   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| APPIAN CORP                                 | APPIAN CORP CL A                              | CUSIP: 03782L101<br>LEI: 529900NIARIFW7HGU386 | Long             | EC               | CORP              | US        |     19620 | NS      | $694940.40    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTERN DIGITAL CORP                        | WESTERN DIGITAL CORP                          | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |     18537 | NS      | $3193368.99   | 3.58%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTEX INC                                  | VERTEX INC - CLASS A                          | CUSIP: 92538J106<br>LEI: 549300QMYW171MP1PL50 | Long             | EC               | CORP              | US        |     38237 | NS      | $763592.89    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITALOCEAN HOLDINGS INC                   | DIGITALOCEAN HOLDINGS INC                     | CUSIP: 25402D102<br>LEI: 549300EPISPY3RE3DL21 | Long             | EC               | CORP              | US        |     21429 | NS      | $1031163.48   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| JFROG LTD                                   | JFROG LTD                                     | CUSIP: N/A<br>LEI: 2549002N8E00AY49G567       | Long             | EC               | CORP              | IL        |     20600 | NS      | $1286676.00   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| IONOS SE                                    | IONOS SE                                      | CUSIP: N/A<br>LEI: 54930038KPLOYRDHV375       | Long             | EC               | CORP              | DE        |     24528 | NS      | $770584.83    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| HUBSPOT INC                                 | HUBSPOT INC                                   | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |      5251 | NS      | $2107226.30   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| RUBRIK INC                                  | RUBRIK INC                                    | CUSIP: 781154109<br>LEI: 254900TRGK2WTBYMYU27 | Long             | EC               | CORP              | US        |     21088 | NS      | $1612810.24   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| SNOWFLAKE INC                               | SNOWFLAKE INC                                 | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |     14601 | NS      | $3202875.36   | 3.59%             |  |  |  | No            |                  1 | On Loan: No      |
| PURE STORAGE INC                            | PURE STORAGE INC CL A                         | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |     28742 | NS      | $1926001.42   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| UIPATH INC                                  | UIPATH INC A                                  | CUSIP: 90364P105<br>LEI: 5493000YP61KBELDHT53 | Long             | EC               | CORP              | US        |     75202 | NS      | $1232560.78   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| KINGSOFT CLOUD HOLDINGS LTD                 | KINGSOFT CLOUD HOLDINGS LTD                   | CUSIP: N/A<br>LEI: 875500HZE0VKCD0Z8K15       | Long             | EC               | CORP              | KY        |   1054000 | NS      | $746134.77    | 0.84%             |  |  |  | No            |                  1 | On Loan: —       |
| MONDAY.COM LTD                              | MONDAY.COM LTD                                | CUSIP: N/A<br>LEI: 984500MDAFVD86E3B328       | Long             | EC               | CORP              | IL        |      8304 | NS      | $1225338.24   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| GITLAB INC                                  | GITLAB INC CL A                               | CUSIP: 37637K108<br>LEI: 9845004Y40FACG81ED49 | Long             | EC               | CORP              | US        |     31763 | NS      | $1192065.39   | 1.34%             |  |  |  | No            |                  1 | On Loan: —       |
| NUTANIX INC                                 | NUTANIX INC CL A                              | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |     35296 | NS      | $1824450.24   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ZOOMINFO TECHNOLOGIES INC                   | ZOOMINFO TECHNOLOGIES INC                     | CUSIP: 98980F104<br>LEI: 2549008GSAHW4UWFEM58 | Long             | EC               | CORP              | US        |     95449 | NS      | $970716.33    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| SEAGATE TECHNOLOGY HOLDINGS PLC             | SEAGATE TECHNOLOGY HOLDINGS PLC               | CUSIP: N/A<br>LEI: 635400RUXIFEZSRU8X70       | Long             | EC               | CORP              | IE        |     11287 | NS      | $3108326.93   | 3.48%             |  |  |  | No            |                  1 | On Loan: No      |
| MONGODB INC                                 | MONGODB INC CL A                              | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |      6047 | NS      | $2537865.43   | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| BOX INC                                     | BOX INC CL A                                  | CUSIP: 10316T104<br>LEI: 549300KQUCPD8687YS68 | Long             | EC               | CORP              | US        |     35795 | NS      | $1070628.45   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| SALESFORCE INC                              | SALESFORCE INC                                | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     16098 | NS      | $4264521.18   | 4.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust                | Fidelity Cash Central Fund                    | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |    126042 | NS      | $126066.92    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| SANDISK CORP/DE                             | SANDISK CORPORATION                           | CUSIP: 80004C200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10827 | NS      | $2570113.26   | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCH INC                 | NASD100 MICRO FUT EMINMAR26 HWBH6             | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DE               | CORP              | US        |         4 | NC      | $-152.71      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| PEGASYSTEMS INC                             | PEGASYSTEMS INC                               | CUSIP: 705573103<br>LEI: 549300FMCOKPL06FYN26 | Long             | EC               | CORP              | US        |     20991 | NS      | $1253582.52   | 1.40%             |  |  |  | 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        |    675500 | NS      | $1153387.94   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| TWILIO INC                                  | TWILIO INC CLASS A                            | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Long             | EC               | CORP              | US        |     15606 | NS      | $2219797.44   | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| ZETA GLOBAL HOLDINGS CORP                   | ZETA GLOBAL HOLDINGS CORP                     | CUSIP: 98956A105<br>LEI: 2549008P9XSJQHGQ9S27 | Long             | EC               | CORP              | US        |     56122 | NS      | $1142082.70   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust                | Fidelity Securities Lending Cash Central Fund | CUSIP: 31635A303<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |   1806189 | NS      | $1806369.66   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ZOOM COMMUNICATIONS INC                     | ZOOM COMMUNICATIONS INC CL A                  | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |     24017 | NS      | $2072426.93   | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| WORKDAY INC                                 | WORKDAY INC CL A                              | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |     12825 | NS      | $2754553.50   | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| COREWEAVE INC                               | COREWEAVE INC                                 | CUSIP: 21873S108<br>LEI: 984500511DP2B6186053 | Long             | EC               | CORP              | US        |     22572 | NS      | $1616380.92   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| NETAPP INC                                  | NETAPP INC                                    | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |     18135 | NS      | $1942077.15   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| HON HAI PRECISION INDUSTRY CO LTD           | HON HAI PRECISION IND CO LTD                  | CUSIP: N/A<br>LEI: 30030004CM3GSZXX7O56       | Long             | EC               | CORP              | TW        |    243000 | NS      | $1782641.91   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FIVE9 INC                                   | FIVE9 INC                                     | CUSIP: 338307101<br>LEI: 254900MXP6EWY0SFFR59 | Long             | EC               | CORP              | US        |     37368 | NS      | $749228.40    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| DYNATRACE INC                               | DYNATRACE INC                                 | CUSIP: 268150109<br>LEI: 6488T0Z33CE9L61EX904 | Long             | EC               | CORP              | US        |     38342 | NS      | $1661742.28   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| ONESTREAM INC                               | ONESTREAM INC                                 | CUSIP: 68278B107<br>LEI: 254900CRBCHIYDC37W82 | Long             | EC               | CORP              | US        |     40107 | NS      | $737166.66    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| TERADATA CORP DEL                           | TERADATA CORP                                 | CUSIP: 88076W103<br>LEI: 549300JU9SOUHV4U4R71 | Long             | EC               | CORP              | US        |     31930 | NS      | $971949.20    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| RINGCENTRAL INC                             | RINGCENTRAL INC CL A                          | CUSIP: 76680R206<br>LEI: 549300C8EH0H1614VE84 | Long             | EC               | CORP              | US        |     30467 | NS      | $879886.96    | 0.99%             |  |  |  | No            |                  1 | On Loan: —       |

### Signature

**Date Signed:** 2026-01-30

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

**Signature:** Stacie M. Smith

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

**Title:** President and Treasurer