INVESTMENT ADVISORY SERVICES INC /TX /ADV FESM — FIDELITY COVINGTON TRUST

Ownership history in INVESTMENT ADVISORY SERVICES INC /TX /ADV  ·  4 quarters on record

AI Ownership Summary

INVESTMENT ADVISORY SERVICES INC /TX /ADV reported FIDELITY COVINGTON TRUST (FESM) in 4 quarterly 13F filings from 2025 Q2 through 2026 Q1. Peak portfolio weight reached 0.95% in 2026 Q1. The latest visible filing shows FESM at 0.95% of the fund.

This page tracks quarterly shares, estimated market value, portfolio weight, filing dates, and disclosure-aligned stock prices directly from SEC EDGAR 13F filings.

What this FESM ownership page tells you

This page is designed to answer the real investor question behind a 13F filing: how meaningful was INVESTMENT ADVISORY SERVICES INC /TX /ADV's position in FIDELITY COVINGTON TRUST, and how did that conviction change over time? You can read the holding window, peak weight, latest reported size, disclosure timing, and quarter-by-quarter changes without piecing the story together from raw SEC rows.

Freshest filing
Latest Reported Filing
2026 Q1

FESM was reported at 0.95% of portfolio in the most recent visible filing.

High-water mark
Peak Conviction
0.95% in 2026 Q1

Peak weight helps separate a token disclosure from a real conviction holding the fund genuinely cared about.

Time in book
Holding Window
2025 Q2 to 2026 Q1

Longer holding windows often tell a very different story from short-lived tactical trades or one-quarter experiments.

Decision context
Why It Matters
Position size beats headlines

Knowing that a fund owned a stock is useful. Knowing whether it was a 0.20% placeholder or a true high-conviction position is where the signal actually starts.

FESM stock page INVESTMENT ADVISORY SERVICES INC /TX /ADV fund profile INVESTMENT ADVISORY SERVICES INC /TX /ADV full holdings
How INVESTMENT ADVISORY SERVICES INC /TX /ADV held FESM — position size vs. price
% of Fund (quarterly)    FESM price (quarter-end, indexed to 100)    SPY (indexed to 100)    QQQ (indexed to 100)
📋 Quarterly Holdings History 4 quarters  ▾
Quarter Action Sold % After 3M Timing Shares Change Chg % % of Fund Mkt Value Filed Price (Filed)
2026 Q1 ADDED — — — 78,873 +29,840 +60.9% 0.95% $3.0M 2026-04-17 $42.20
2025 Q4 ADDED — — — 49,033 +3,956 +8.8% 0.58% $1.9M 2026-01-22 $40.86
2025 Q3 ADDED — — — 45,077 +15,668 +53.3% 0.52% $1.6M 2025-10-22 $36.42
2025 Q2 INITIATED — — — 29,409 — — 0.31% $941K 2025-07-17 $32.67

🏢 Other funds also holding FESM

As of 2026 Q1 — sorted by position size

DAHRING | CUSMANO LLC 7.17% American National Bank of Texas 5.81% Landing Point Financial Group, LLC 4.96% Summit Investment Advisory Services, LLC 3Y 4.54% Salus Financial Advisors, LLC 4.39% Mayfair Advisory Group, LLC 3Y 3.73% LITTLE HOUSE CAPITAL LLC 3Y 7Y 3.24% Holos Integrated Wealth LLC 3.09% tru Independence LLC 3Y 2.47% CROBAN 2.33%

FAQ About INVESTMENT ADVISORY SERVICES INC /TX /ADV and FESM

These are the practical questions this page is built to answer before you even open the full history table.

How long has INVESTMENT ADVISORY SERVICES INC /TX /ADV reported owning FESM?

INVESTMENT ADVISORY SERVICES INC /TX /ADV reported FESM across 4 quarterly 13F filings, from 2025 Q2 through 2026 Q1.

What was the largest reported FESM position in INVESTMENT ADVISORY SERVICES INC /TX /ADV's portfolio?

The largest reported portfolio weight for FESM was 0.95% in 2026 Q1.

What is the latest reported FESM position on this page?

The most recent filing on this page is 2026 Q1, when INVESTMENT ADVISORY SERVICES INC /TX /ADV reported 78,873 shares, equal to 0.95% of portfolio, with an estimated market value of $3.0M.

What does the chart on this FESM ownership page compare?

The chart compares INVESTMENT ADVISORY SERVICES INC /TX /ADV's quarterly FESM portfolio weight with the stock's indexed share price, so you can see whether the fund was building, trimming, or holding the position as price moved.

How well did INVESTMENT ADVISORY SERVICES INC /TX /ADV time their FESM position?

Based on 13F filing dates vs. subsequent FESM price moves, INVESTMENT ADVISORY SERVICES INC /TX /ADV correctly timed 3 out of 3 reported position changes (100%). The annualised alpha on FESM relative to SPY over the holding period was +18.1%.

← Back to INVESTMENT ADVISORY SERVICES INC /TX /ADV Holdings