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Fidelity Low Volatility Factor ETF

Filed by Fidelity Covington Trust. What this fund reported holding in its latest quarterly NPORT-P. Positions are ordered by share of the fund rather than by size, because that is what separates a conviction from a rounding error.

Positions
114
matched to a ticker
Fund size
$1.4B
the filing's own figure
Matched value
$1.3B
of the positions below
As of
2026-07-31
S000054751

What it holds

Largest share of the fund first.

Company% of fundValue
AAPLApple Inc7.98%$113.5M
MSFTMicrosoft Corp6.34%$90.1M
GOOGLAlphabet Inc6.20%$88.2M
AMZNAmazon.com Inc4.48%$63.7M
AVGOBroadcom Inc4.08%$58M
CSCOCisco Systems Inc2.20%$31.3M
JPMJPMorgan Chase & Co1.87%$26.6M
BRK.BBerkshire Hathaway Inc1.81%$25.7M
LLYEli Lilly and Co1.80%$25.7M
TXNTexas Instruments Inc1.69%$24M
APHAmphenol Corp1.61%$22.8M
ADIAnalog Devices Inc1.49%$21.1M
JNJJohnson & Johnson1.39%$19.8M
VVisa Inc1.37%$19.5M
VRSNVeriSign, Inc1.31%$18.7M
ROPRoper Technologies Inc1.22%$17.4M
MSIMotorola Solutions Inc1.22%$17.4M
UNHUnitedHealth Group Inc1.20%$17.1M
ABBVAbbVie Inc1.16%$16.5M
IBMInternational Business Machines Corp1.13%$16.1M
MAMastercard Inc1.12%$15.9M
BACBank of America Corp1.07%$15.2M
MRKMerck & Co Inc0.95%$13.6M
VZVerizon Communications Inc0.90%$12.7M
HDHome Depot Inc0.89%$12.7M
WMTWalmart Inc0.89%$12.6M
RTXRTX Corp0.84%$12M
CTSHCognizant Technology Solutions Corp0.81%$11.5M
WFCWells Fargo & Co0.78%$11.1M
TAT&T Inc0.76%$10.8M
AMGNAmgen Inc0.76%$10.8M
TJXTJX Companies Inc0.74%$10.5M
OMCOmnicom Group Inc0.73%$10.3M
KOCoca-Cola Co0.72%$10.2M
CVXChevron Corp0.71%$10.1M
UNPUnion Pacific Corp0.70%$10M
MCDMcDonald's Corp0.68%$9.7M
PGProcter & Gamble Co0.67%$9.6M
TMUST-Mobile US Inc0.64%$9.1M
PMPhilip Morris International Inc0.64%$9.1M
TRVTravelers Companies Inc0.64%$9.1M
GILDGilead Sciences, Inc0.62%$8.9M
DEDeere & Co0.62%$8.8M
CMCSAComcast Corp0.61%$8.6M
PGRProgressive Corp0.60%$8.5M
ELVElevance Health Inc0.60%$8.5M
ADPAutomatic Data Processing Inc0.59%$8.4M
GDGeneral Dynamics Corp0.56%$7.9M
CICigna Group0.55%$7.9M
ORLYO'Reilly Automotive Inc0.55%$7.8M
AFLAflac Inc0.54%$7.7M
MRSHMarsh & McLennan Companies Inc0.54%$7.7M
LMTLockheed Martin Corp0.54%$7.7M
LOWLowe's Companies Inc0.53%$7.5M
YUMYum! Brands Inc0.51%$7.3M
CMECME Group Inc0.51%$7.3M
CBOECboe Global Markets Inc0.51%$7.3M
CTASCintas Corp0.51%$7.2M
PAYXPaychex Inc0.50%$7.2M
WMWaste Management Inc0.50%$7.2M
AJGArthur J. Gallagher & Co.0.50%$7.1M
ITWIllinois Tool Works Inc0.49%$6.9M
DRIDarden Restaurants Inc0.49%$6.9M
AMEAMETEK Inc0.48%$6.9M
TDGTransDigm Group Inc0.48%$6.8M
HIGHartford Insurance Group Inc0.47%$6.6M
AZOAutozone Inc0.46%$6.5M
FASTFastenal Co0.46%$6.5M
WRBW. R. Berkley Corp0.45%$6.4M
PEPPepsiCo Inc0.44%$6.3M
RSGRepublic Services Inc0.43%$6.1M
BDXBecton Dickinson and Co0.41%$5.9M
NOCNorthrop Grumman Corp0.41%$5.8M
WELLWelltower Inc0.39%$5.6M
LHXL3Harris Technologies Inc0.39%$5.5M
COPConocoPhillips0.38%$5.5M
FCNFTI Consulting Inc0.35%$5M
SOSouthern Co0.32%$4.6M
HIIHuntington Ingalls Industries Inc0.32%$4.5M
MDLZMondelez International Inc0.32%$4.5M
HONHoneywell International Inc0.31%$4.4M
EOGEOG Resources Inc0.31%$4.4M
DUKDuke Energy Corp0.31%$4.4M
EQIXEquinix Inc0.30%$4.3M
CLColgate-Palmolive Co0.29%$4.1M
WMBWilliams Companies Inc0.29%$4.1M
TSCOTractor Supply Co0.29%$4.1M
AEPAmerican Electric Power Company Inc0.27%$3.8M
NEMNewmont Corporation0.27%$3.8M
LNGCheniere Energy Inc0.26%$3.8M
HONAHoneywell Aerospace Inc0.26%$3.8M
KMBKimberly-Clark Corp0.25%$3.6M
KMIKinder Morgan Inc0.25%$3.6M
APDAir Products and Chemicals Inc0.25%$3.5M
ECLEcolab Inc0.25%$3.5M
AMTAmerican Tower Corp0.24%$3.4M
EXCExelon Corp0.24%$3.4M
CTVACorteva Inc0.23%$3.3M
XELXcel Energy Inc0.23%$3.3M
EDConsolidated Edison Inc0.22%$3.1M
ORealty Income Corp0.21%$3M
AEEAmeren Corp0.21%$3M
DTEDTE Energy Co0.21%$3M
WECWEC Energy Group Inc0.21%$2.9M
HSYHershey Co0.20%$2.8M
PKGPackaging Corp of America0.19%$2.7M
GISGeneral Mills Inc0.17%$2.4M
ATRAptargroup Inc0.17%$2.4M
OHIOmega Healthcare Investors, Inc0.16%$2.3M
VICIVICI Properties Inc0.15%$2.2M
ADCAgree Realty Corp0.14%$2M
ELSEquity LifeStyle Properties Inc0.14%$2M
GLPIGaming and Leisure Properties Inc0.14%$1.9M
RGLDRoyal Gold Inc0.13%$1.9M

Source: NPORT-P filings, via EDGAR. Positions arrive by CUSIP, and only a CUSIP verified against a ticker is kept — so this is what we could match, not everything the fund holds, and the matched value is therefore below the fund's own size. A balance is shares where the filing says `NS` and a principal amount where it says `PA`, which is why it is not labelled shares in both cases.

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