0001752724-24-116382.txt : 20240523 0001752724-24-116382.hdr.sgml : 20240523 20240523164621 ACCESSION NUMBER: 0001752724-24-116382 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240523 DATE AS OF CHANGE: 20240523 PERIOD START: 20240630 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY COVINGTON TRUST CENTRAL INDEX KEY: 0000945908 ORGANIZATION NAME: 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: 24979073 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 0000945908 S000073600 Fidelity Electric Vehicles and Future Transportation ETF C000230605 Fidelity Electric Vehicles and Future Transportation ETF FDRV NPORT-P 1 primary_doc.xml NPORT-P false 0000945908 XXXXXXXX S000073600 C000230605 Fidelity Covington Trust 811-07319 0000945908 549300JFYFTF85QAQR28 245 Summer Street Boston 02210 1-800-FIDELITY Fidelity Electric Vehicles and Future Transportation ETF S000073600 54930051YVMUH2IVQU69 2024-06-30 2024-03-31 N 37917752.88 12443.60 37905309.28 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 N MELEXIS NV 549300QRPSGOJRPUFO80 MELEXIS NV N/A 5251.00000000 NS 426181.66000000 1.124332364239 Long EC CORP BE N 1 N N N ALFEN BEHEER BV 724500HDW6IWR9J5YT90 ALFEN BEHEER BV N/A 8552.00000000 NS 461808.00000000 1.218320094920 Long EC CORP NL N 1 N N N ANALOG DEVICES INC GYVOE5EZ4GDAVTU4CQ61 ANALOG DEVICES INC 032654105 8814.00000000 NS USD 1743321.06000000 4.599147436372 Long EC CORP US N 1 N N N SK IE TECHNOLOGY CO LTD 988400ZA9LM3JZBI5088 SK IE TECHNOLOGY CO LTD N/A 9068.00000000 NS 492383.14000000 1.298981987886 Long EC CORP KR N 1 N N N STMICROELECTRONICS NV 213800Z8NOHIKRI42W10 STMICROELECTRONICS NV N/A 25337.00000000 NS 1092779.74000000 2.882919993945 Long EC CORP NL N 1 N N N RIVIAN AUTOMOTIVE INC 25490004LNKJ84MFYY24 RIVIAN AUTOMOTIVE INC 76954A103 76004.00000000 NS USD 832243.80000000 2.195586359294 Long EC CORP US N 1 N N N LUMINAR TECHNOLOGIES INC 549300AVGXLDWYMI4298 LUMINAR TECHNOLOGIES INC 550424105 158263.00000000 NS USD 311778.11000000 0.822518311872 Long EC CORP US N 1 N N N INDIE SEMICONDUCTOR INC 254900L1MFXFYGB1PV53 INDIE SEMICONDUCTOR INC 45569U101 55567.00000000 NS USD 393414.36000000 1.037887218104 Long EC CORP US N 1 N N N ON SEMICONDUCTOR CORP ZV20P4CNJVT8V1ZGJ064 ON SEMICONDUCTOR CORP 682189105 15179.00000000 NS USD 1116415.45000000 2.945274609826 Long EC CORP US N 1 N N N LYFT INC 549300H7I5VN334XVZ52 LYFT INC 55087P104 48552.00000000 NS USD 939481.20000000 2.478495012559 Long EC CORP US N 1 N N N SKYWORKS SOLUTIONS INC 549300WZ3ORQ2BVKBD96 SKYWORKS SOLUTIONS INC 83088M102 9014.00000000 NS USD 976396.48000000 2.575883163985 Long EC CORP US N 1 N N N EVGO INC N/A EVGO INC CL A 30052F100 97161.00000000 NS USD 243874.11000000 0.643377180221 Long EC CORP US N 1 N N N BLOOM ENERGY CORP 549300XB5J9BFW5JXV97 BLOOM ENERGY CORP CL A 093712107 61134.00000000 NS USD 687146.16000000 1.812796605679 Long EC CORP US N 1 N N N NXP SEMICONDUCTORS NV 724500M9BY5293JDF951 NXP SEMICONDUCTORS NV N/A 5935.00000000 NS USD 1470514.95000000 3.879443217670 Long EC CORP NL N 1 N N N INFINEON TECHNOLOGIES AG TSI2PJM6EPETEQ4X1U25 INFINEON TECHNOLOGIES AG N/A 37202.00000000 NS 1266214.71000000 3.340467955680 Long EC CORP DE N 1 N N N BYD CO LTD 5299005557VL7ULJ7A69 BYD COMPANY LTD H N/A 50500.00000000 NS 1300819.66000000 3.431761103414 Long EC CORP CN N 1 N N N ADIENT PLC 5493002QLDY8O75RTR78 ADIENT PLC N/A 18928.00000000 NS USD 623109.76000000 1.643858794020 Long EC CORP IE N 1 N N N MOBILEYE GLOBAL INC N/A MOBILEYE GLOBAL INC A 60741F104 18115.00000000 NS USD 582397.25000000 1.536452969418 Long EC CORP US N 1 N N N YADEA GROUP HOLDINGS LIMITED N/A YADEA GROUP HOLDINGS LIMITED N/A 340000.00000000 NS 550850.00000000 1.453226501678 Long EC CORP KY N 1 N N N SYNAPTICS INC 549300AJ3LI4FWNRQX29 SYNAPTICS INC 87157D109 5828.00000000 NS USD 568579.68000000 1.500000107636 Long EC CORP US N 1 N N N SENSATA TECHNOLOGIES HOLDING PLC 529900MS7KFYCY9MS037 SENSATA TECHNOLOGIES HOLDING PLC N/A 22007.00000000 NS USD 808537.18000000 2.133044671994 Long EC CORP GB N 1 N N N TESLA INC 54930043XZGB27CTOV49 TESLA INC 88160R101 8499.00000000 NS USD 1494039.21000000 3.941503811415 Long EC CORP US N 1 N N N NIKOLA CORP 6354007SKFUCHYZAKQ61 NIKOLA CORP 654110105 518468.00000000 NS USD 539206.72000000 1.422509749272 Long EC CORP US N 1 N N N JVCKENWOOD CORP 529900GGYCEJXM5Y6961 JVCKENWOOD CORP N/A 76300.00000000 NS 467847.63000000 1.234253562064 Long EC CORP JP N 1 N N N APTIV PLC N/A APTIV PLC N/A 15514.00000000 NS USD 1235690.10000000 3.259939368578 Long EC CORP JE N 1 N N N ALLEGRO MICROSYSTEMS INC N/A ALLEGRO MICROSYSTEMS INC 01749D105 15373.00000000 NS USD 414456.08000000 1.093398491853 Long EC CORP US N 1 N N N TIANQI LITHIUM CORP 300300IZ1J0MQ8YVEG66 TIANQI LITHIUM CORP H N/A 74200.00000000 NS 345096.44000000 0.910417159376 Long EC CORP CN N 1 N N N FORVIA 969500F0VMZLK2IULV85 FORVIA N/A 40826.00000000 NS 619714.18000000 1.634900734939 Long EC CORP FR N 1 N N N LEAR CORP 549300UPNBTXA1SYTQ33 LEAR CORP NEW 521865204 6361.00000000 NS USD 921581.68000000 2.431273342719 Long EC CORP US N 1 N N N LATTICE SEMICONDUCTOR CORP 549300LRBBPZDQ2II567 LATTICE SEMICONDUCTOR CORP 518415104 10595.00000000 NS USD 828846.85000000 2.186624685944 Long EC CORP US N 1 N N N NIO INC 549300JBU4TV5OCKJV96 NIO INC ADR 62914V106 152156.00000000 NS USD 684702.00000000 1.806348537990 Long EC CORP KY N 1 N N N VISTEON CORP 549300MOVLYHRW4GGW78 VISTEON CORP 92839U206 5660.00000000 NS USD 665672.60000000 1.756146071999 Long EC CORP US N 1 N N N POLESTAR AUTOMOTIVE HOLDING UK PLC 894500HDA1DJKHYN4D83 POLESTAR AUTOMOTIVE HOLDING UK PLC ADR 731105201 168468.00000000 NS USD 259440.72000000 0.684444276878 Long EC CORP GB N 1 N N N DIODES INC 549300XP2X1ARVH3BX23 DIODES INC 254543101 7952.00000000 NS USD 560616.00000000 1.478990702486 Long EC CORP US N 1 N N N LG ENERGY SOLUTION 988400QX6P286XA6ZS85 LG ENERGY SOLUTION N/A 3317.00000000 NS 989248.28000000 2.609788176882 Long EC CORP KR N 1 N N N ALBEMARL CORP HDBLS2Q6GV1LSKQPBS54 ALBEMARLE CORP 012653101 8017.00000000 NS USD 1056159.58000000 2.786310414191 Long EC CORP US N 1 N N N XPENG INC 549300TZNMIREMWQU857 XPENG INC CL A N/A 163700.00000000 NS 671411.69000000 1.771286668683 Long EC CORP KY N 1 N N N SAMSUNG SDI CO LTD 9884002AESDO4YW87G32 SAMSUNG SDI CO LTD N/A 3789.00000000 NS 1343916.43000000 3.545456970348 Long EC CORP KR N 1 N N N GANFENG LITHIUM GROUP CO LTD 3003006BE6UOHWEOOR42 GANFENG LITHIUM GROUP CO LTD H N/A 144880.00000000 NS 443352.48000000 1.169631612091 Long EC CORP CN N 1 N N N BLUE BIRD CORP 5493004ZXJUUWQ65ER59 BLUE BIRD CORP 095306106 10817.00000000 NS USD 414723.78000000 1.094104725373 Long EC CORP US N 1 N N N GARMIN LTD 2549001E0HIPIJQ0W046 GARMIN LTD N/A 8779.00000000 NS USD 1306929.73000000 3.447880402045 Long EC CORP CH N 1 N N N VALEO 5493006IH2N2WMIBB742 VALEO SA N/A 50465.00000000 NS 631680.50000000 1.666469716244 Long EC CORP FR N 1 N N N SITIME CORP N/A SITIME CORP 82982T106 4676.00000000 NS USD 435943.48000000 1.150085537568 Long EC CORP US N 1 N N N LUCID GROUP INC N/A LUCID GROUP INC - A 549498103 189820.00000000 NS USD 540987.00000000 1.427206400042 Long EC CORP US N 1 N N N CHARGEPOINT HOLDINGS INC 254900DVN9TAC2GIPG25 CHARGEPOINT HOLDINGS INC CL A 15961R105 180603.00000000 NS USD 343145.70000000 0.905270809071 Long EC CORP US N 1 N N N LX SEMICON CO LTD N/A LX SEMICON CO LTD N/A 5568.00000000 NS 332115.43000000 0.876171270749 Long EC CORP KR N 1 N N N PLUG POWER INC 549300JPDKRSJ8JSM954 PLUG POWER INC 72919P202 153954.00000000 NS USD 529601.76000000 1.397170396600 Long EC CORP US N 1 N N N DOOSAN FUEL CELL CO LTD N/A DOOSAN FUEL CELL CO LTD N/A 24789.00000000 NS 379315.43000000 1.000692085633 Long EC CORP KR N 1 N N N UBER TECHNOLOGIES INC 549300B2FTG34FILDR98 UBER TECHNOLOGIES INC 90353T100 21583.00000000 NS USD 1661675.17000000 4.383753098346 Long EC CORP US N 1 N N N LI AUTO INC 2549003R73Q70J5H4I65 LI AUTO INC CL A N/A 57400.00000000 NS 889626.84000000 2.346971590255 Long EC CORP KY N 1 N N N 2024-04-30 Stacie M. Smith Stacie M. Smith Stacie M. Smith President and Treasurer XXXX NPORT-EX 2 QTLY_6445_20240331.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Electric Vehicles and Future Transportation ETF
March 31, 2024
EVF-NPRT3-0524
1.9903836.102
Common Stocks - 100.0%
 
  
Shares
Value ($)
 
CONSUMER DISCRETIONARY - 39.1%
 
  
  
Automobile Components - 14.7%
  
  
  
Adient PLC (a)
  
18,928
623,110
Aptiv PLC (a)
  
15,514
1,235,690
Forvia SE (a)
  
40,826
619,714
Lear Corp.
 
6,361
921,582
Luminar Technologies, Inc. (a)
  
158,263
311,778
Mobileye Global, Inc. (a)
  
18,115
582,397
Valeo SA
 
50,465
631,681
Visteon Corp. (a)
  
5,660
665,673
 
  
  
5,591,625
Automobiles - 19.1%
  
  
  
BYD Co. Ltd. (H Shares)
 
50,500
1,300,820
Li Auto, Inc. Class A (a)
  
57,400
889,627
Lucid Group, Inc. Class A (a)
  
189,820
540,987
NIO, Inc. sponsored ADR (a)
  
152,156
684,702
Polestar Automotive Holding UK PLC ADR (a)
  
168,468
259,441
Rivian Automotive, Inc. (a)
  
76,004
832,244
Tesla, Inc. (a)
  
8,499
1,494,039
XPeng, Inc. Class A (a)
  
163,700
671,412
Yadea Group Holdings Ltd. (b)
  
340,000
550,850
 
  
  
7,224,122
Household Durables - 4.7%
  
  
  
Garmin Ltd.
 
8,779
1,306,930
JVCKENWOOD Holdings, Inc.
 
76,300
467,848
 
  
  
1,774,778
Specialty Retail - 0.6%
  
  
  
EVgo, Inc. Class A (a)
  
97,161
243,874
TOTAL CONSUMER DISCRETIONARY
  
  
14,834,399
INDUSTRIALS - 21.8%
 
  
  
Electrical Equipment - 12.4%
  
  
  
Alfen Beheer BV (a)(b)
  
8,552
461,808
Bloom Energy Corp. Class A (a)
  
61,134
687,146
ChargePoint Holdings, Inc. Class A (a)
  
180,603
343,146
Doosan Fuel Cell Co. Ltd. (a)
  
24,789
379,315
LG Energy Solution (a)
  
3,317
989,248
Plug Power, Inc. (a)
  
153,954
529,602
Sensata Technologies, Inc. PLC
 
22,007
808,537
SK IE Technology Co. Ltd. (a)(b)
  
9,068
492,383
 
  
  
4,691,185
Ground Transportation - 6.9%
  
  
  
Lyft, Inc. (a)
  
48,552
939,481
Uber Technologies, Inc. (a)
  
21,583
1,661,675
 
  
  
2,601,156
Machinery - 2.5%
  
  
  
Blue Bird Corp. (a)
  
10,817
414,724
Nikola Corp. (a)
  
518,468
539,207
 
  
  
953,931
TOTAL INDUSTRIALS
  
  
8,246,272
INFORMATION TECHNOLOGY - 34.2%
 
  
  
Electronic Equipment, Instruments & Components - 3.5%
  
  
  
Samsung SDI Co. Ltd.
 
3,789
1,343,916
Semiconductors & Semiconductor Equipment - 30.7%
  
  
  
Allegro MicroSystems LLC (a)
  
15,373
414,456
Analog Devices, Inc.
 
8,814
1,743,321
Diodes, Inc. (a)
  
7,952
560,616
indie Semiconductor, Inc. (a)
  
55,567
393,414
Infineon Technologies AG
 
37,202
1,266,215
Lattice Semiconductor Corp. (a)
  
10,595
828,847
Lx Semicon Co. Ltd.
 
5,568
332,115
Melexis NV
 
5,251
426,182
NXP Semiconductors NV
 
5,935
1,470,515
ON Semiconductor Corp. (a)
  
15,179
1,116,415
SiTime Corp. (a)
  
4,676
435,943
Skyworks Solutions, Inc.
 
9,014
976,396
STMicroelectronics NV (Italy)
 
25,337
1,092,780
Synaptics, Inc. (a)
  
5,828
568,580
 
  
  
11,625,795
TOTAL INFORMATION TECHNOLOGY
  
  
12,969,711
MATERIALS - 4.9%
 
  
  
Chemicals - 4.9%
  
  
  
Albemarle Corp.
 
8,017
1,056,160
Ganfeng Lithium Group Co. Ltd. (H Shares) (b)
  
144,880
443,352
Tianqi Lithium Corp. (H Shares)
 
74,200
345,096
 
  
  
1,844,608
 
TOTAL COMMON STOCKS
 (Cost $48,812,415)
  
  
  
37,894,990
 
  
  
  
 
TOTAL INVESTMENT IN SECURITIES - 100.0%
 (Cost $48,812,415)
 
  
 
37,894,990
NET OTHER ASSETS (LIABILITIES) - 0.0%  
10,319
NET ASSETS - 100.0%
37,905,309
 
  
Legend
 
(a)
Non-income producing
 
(b)
Security exempt from registration under Rule 144A of the Securities Act of 1933.  These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $1,948,393 or 5.1% of net assets.
 
 
 
 
Affiliated Central Funds
 
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
 
Affiliate
Value,
beginning
of period ($)
Purchases ($)
Sales
Proceeds ($)
Dividend
Income ($)
Realized
Gain (loss) ($)
Change in
Unrealized
appreciation
(depreciation) ($)
Value,
end
of period ($)
% ownership,
end
of period
Fidelity Cash Central Fund 5.39%
-
426,973
426,973
71
-
-
-
0.0%
Total
-
426,973
426,973
71
-
-
-
  
 
  
  
  
  
  
  
  
  
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
 
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.   
 
The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
 
Level 1 - Unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)
 
Valuation techniques used to value investments by major category are as follows:
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing service on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For any foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.
 
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.
 
For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.
 
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.
 
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