FPFD β€” FIDELITY COVINGTON TRUST

Ownership history in New Millennium Group LLC  Β·  6 quarters on record

This page tracks every 13F SEC filing in which New Millennium Group LLC reported a position in FIDELITY COVINGTON TRUST (FPFD). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

πŸ” Peak position
2.11% (2025 Q1)
πŸ“Š Avg. % of fund
1.24%
πŸ“… First filed
2024 Q3
πŸ“… Last filed
2025 Q4
⏱ Quarters held
6

Position Intelligence

New Millennium Group LLC Γ— FPFD AI Analytics

πŸ“‰ New Millennium Group LLC underperformed the S&P 500 by –12.5% annually on this FPFD position. Timing score: 60% (3/5 decisions correct). Average cost basis: $20.71. Maximum drawdown during holding period: –2.2%.

πŸ“ˆ Position Alpha vs SPY
-12.5%
annualised excess return

❌ Significantly underperformed the S&P 500 by 12.5% ann.
5 quarters analyzed

⏱️ Timing Score
60%

βœ… Decent timing β€” more right than wrong on entries and exits.
3 of 5 add/trim decisions correct

πŸ’° Entry Quality
$20.71
+4.5% vs current ($21.64)

Best entry: $20.33 (2024 Q4)  Β·  Worst: $20.80 (2025 Q2)

πŸ›‘οΈ Drawdown Resilience
–2.2%
max drawdown while held

πŸ’Ž No drawdown exceeding 20% during the holding period β€” exceptionally stable.

πŸ’ͺ Fund Conviction
67%
buy-side decisions

4 adds Β· 2 trims. Bought during 1 of 1 down-price quarters. πŸ“ˆ More buys than sells across the holding period.

πŸ“‘ Position Trajectory
↓ Shrinking
last 4–5 quarters trend

πŸ“‰ Portfolio weight has been declining in recent quarters. Possible distribution phase.
Currently 0.0% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    FPFD price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 6 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q4 REDUCED 358 -566 -61.3% 0.00% $8K $21.64
2025 Q3 REDUCED 924 -152,293 -99.4% 0.01% $20K $21.61
2025 Q2 ADDED 153,217 +3,670 +2.5% 1.82% $3.3M $20.80
2025 Q1 ADDED 149,547 +10,367 +7.4% 2.11% $3.2M $20.50
2024 Q4 ADDED 139,180 +19,230 +16.0% 1.75% $3.0M $20.33
2024 Q3 INITIATED 119,950 β€” β€” 1.73% $2.7M $20.78
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