FIDELITY COVINGTON TRUST (FREL) is held by 57 institutional investors that disclose positions via SEC 13F filings. The largest disclosed holder is BANK OF AMERICA CORP /DE/ as of Q1 2026.

Are institutions buying or selling FREL?

In Q1 2026, 31 institutions opened or increased positions in FIDELITY COVINGTON TRUST while 24 reduced or exited — a net buying quarter.

What is the Smart Money Verdict on FREL?

The Smart Money Verdict combines four independent sources (institutional 13F activity, insider trades, activist filings, and congressional trades) into a single assessment for FIDELITY COVINGTON TRUST.

How many hedge funds hold FREL?

57 institutional investors report holding FIDELITY COVINGTON TRUST (FREL) as of Q1 2026, based on SEC 13F filings.

Is institutional money flowing into FREL?

As of Q1 2026, tracked institutions in FIDELITY COVINGTON TRUST show 31 buyers versus 24 sellers — net inflows.

FIDELITY COVINGTON TRUST

FREL·316092857·US·ETF·Unknown - Unknown

Holders

Avg rating(23 Elite)

$528M

Total Value

56% (64)

Fund Consensus

31 buying - 24 selling

No verdict yet — fewer than 2 funds hold FREL.

13F: Mar 31, 2026Insider & Congress: Updated regularly

Fund	Action	Shares	Value	Weight	Est. P&L	Conviction
BANK OF AMERICA CORP /DE/	Increased	10.3M(+253x)	$276.3M	0.0%	+2.07%	50
Lido Advisors, LLC	Decreased	1.2M(-13.4%)	$31.2M	0.1%	+20.08%	0
ENVESTNET ASSET MANAGEMENT INC	Increased	963,333(+17.0%)	$25.9M	0.0%	+11.04%	33
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	Increased	850,355(+4.2%)	$22.9M	0.0%	+15.18%	30
PNC FINANCIAL SERVICES GROUP, INC.	Decreased	701,032(-18.6%)	$18.9M	0.0%	+28.05%	0
MAI Capital Management	Increased	690,011(+13.7%)	$18.6M	0.1%	+11.30%	38
LPL Financial LLC	Increased	588,435(+41.0%)	$15.8M	0.0%	+13.82%	38
TWO SIGMA INVESTMENTS, LP	Increased	575,000(+82.6%)	$15.5M	0.0%	+5.74%	43
COMMONWEALTH EQUITY SERVICES, LLC	Increased	552,912(+3.8%)	$14.9M	0.0%	+19.83%	29
Cetera Investment Advisers	Decreased	377,838(-12.3%)	$10.2M	0.0%	+8.12%	0
AE Wealth Management LLC	Decreased	247,230(-84.7%)	$6.7M	0.0%	+14.90%	0
OSAIC HOLDINGS, INC.	Decreased	234,340(-11.4%)	$6.3M	0.0%	+13.89%	0
MML INVESTORS SERVICES, LLC	Decreased	215,674(-7.5%)	$5.8M	0.0%	+16.30%	0
AGF MANAGEMENT LTD	Increased	213,426(+1.4%)	$5.7M	0.0%	+11.89%	27
Creative Planning	Decreased	212,107(-5.5%)	$5.7M	0.0%	+61.15%	0
MORGAN STANLEY	Increased	181,647(+9.0%)	$4.9M	0.0%	+17.25%	29
HighTower Advisors, LLC	Increased	155,854(+6.0%)	$4.2M	0.0%	+29.22%	28
RAYMOND JAMES FINANCIAL INC	Increased	149,017(+7.1%)	$4M	0.0%	+12.14%	29
UBS Group AG	Increased	145,021(+78.1%)	$3.9M	0.0%	+11.32%	41
Financial Engines Advisors L.L.C.	Increased	134,417(+1.3%)	$3.6M	0.0%	+41.16%	27