FDIS β€” FIDELITY COVINGTON TRUST

Ownership history in Qube Research & Technologies Ltd  Β·  10 quarters on record

This page tracks every 13F SEC filing in which Qube Research & Technologies Ltd reported a position in FIDELITY COVINGTON TRUST (FDIS). 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.

Position Intelligence

Qube Research & Technologies Ltd Γ— FDIS AI Analytics

πŸ“‰ Qube Research & Technologies Ltd underperformed the S&P 500 by –7.8% annually on this FDIS position. Timing score: 44% (4/9 decisions correct). Average cost basis: $70.13. Maximum drawdown during holding period: –26.2%.

πŸ“ˆ Position Alpha vs SPY
-7.8%
annualised excess return

❌ Significantly underperformed the S&P 500 by 7.8% ann.
9 quarters analyzed

⏱️ Timing Score
44%

⚠️ Poor timing β€” buys often preceded drops, trims preceded rallies.
4 of 9 add/trim decisions correct

πŸ’° Entry Quality
$70.13
+46.1% vs current ($102.48)

Best entry: $57.09 (2022 Q2)  Β·  Worst: $83.87 (2025 Q1)

πŸ›‘οΈ Drawdown Resilience
–26.2%
max drawdown while held

πŸ’ͺ Held through 1 major drawdown (>20%). Strong conviction under pressure.

πŸ’ͺ Fund Conviction
50%
buy-side decisions

5 adds Β· 5 trims. Bought during 2 of 3 down-price quarters. πŸ“ˆ More buys than sells across the holding period.

πŸ“‘ Position Trajectory
β†’ Stable
last 4–5 quarters trend

βš–οΈ Portfolio weight has remained relatively stable β€” conviction maintained.
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)    FDIS price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 10 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q3 REDUCED 1,037 -917 -46.9% 0.00% $107K $102.48
2025 Q2 REDUCED 1,954 -269 -12.1% 0.00% $184K $93.56
2025 Q1 ADDED 2,223 +1,582 +246.8% 0.00% $188K $83.87
2024 Q4 REDUCED 641 -622 -49.2% 0.00% $62K $96.48
2023 Q4 ADDED 1,263 +886 +235.0% 0.00% $100K $77.54
2023 Q3 REDUCED 377 -553 -59.5% 0.00% $26K $68.49
2023 Q2 ADDED 930 +207 +28.6% 0.00% $39K $71.74
2022 Q3 REDUCED 723 -1,628 -69.2% 0.00% $44K $59.13
2022 Q2 ADDED 2,351 +2,251 +2251.0% 0.00% $138K $57.09
2021 Q3 INITIATED 100 β€” β€” 0.00% $8K $77.33
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