Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Fidelity Covington Trust (FBCV)

39 + Investors. Track Smart Money conviction in FBCV. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +2
Streak
2Q ▲
Buyers last Q
65%

Smart Money Signals — FBCV

Based on 44 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added FBCV than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
44 hedge funds hold FBCV right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +47% more funds vs a year ago

fund count last 6Q
+14 new funds entered over the past year (+47% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟢

More buyers than sellers — 65% buying

28 buying15 selling
Last quarter: 28 funds were net buyers (8 opened a brand new position + 20 added to an existing one). Only 15 were sellers (9 trimmed + 6 sold completely). A clear majority buying is a strong confirmation signal.
➡️

Steady new buyers — ~8 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 10 → 5 → 9 → 8. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
📌

Mixed — 39% long-term, 25% new

■ 39% conviction (2yr+) ■ 36% medium ■ 25% new
Of the 44 current holders: 17 (39%) held >2 years, 16 held 1–2 years, and 11 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
➡️

Steady discovery — ~8 new funds/quarter

5 → 10 → 5 → 9 → 8 new funds/Q
New funds entering each quarter: 10 → 5 → 9 → 8. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 45% veterans vs 34% newcomers

■ 45% veterans ■ 20% 1-2yr ■ 34% new
Entry-cohort mix of 44 holders: 20 (45%) are 2+ year veterans, 9 entered 1–2 years ago, and 15 (34%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 16% AUM from top-100

16% from top-100 AUM funds
8 of 43 holders rank in the top 100 by AUM, but together hold only 16% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
4.1
out of 10
Moderate Exit Risk
Exit risk score 4.1/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — FBCV

In 2026 Q1, 28 hedge funds were net buyers of FBCV (8 opened a new position, 20 added to an existing one), while 15 reduced or exited (9 trimmed, 6 sold completely) — a 65% buyer ratio, indicating clear institutional accumulation. Net buying has persisted for two consecutive quarters, a positive momentum signal. Net fund flow last quarter: +2 funds (more new holders than closures). Total institutional holders: 44.

Hedge Fund Ownership: FBCV

How many hedge funds hold FBCV — quarterly history vs. share price
Quarterly hedge fund ownership of FBCV vs. share price

Market Analysis: FBCV

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FBCV

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Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

0 top-rated funds 0 high-conviction
Consensus
0.0
/ 10
breadth
×
Elite
0.1
/ 10
conviction
Hedge Fund Positioning: FBCV
39 + Investors

Track Smart Money conviction in FBCV. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 39 44 -11.36%
13F Shares 1M 1M -7.21%
Total Value $42M $40M 4.85%
New Positions 6 8 -2
Increased Positions 15 20 -5
Closed Positions 11 6 +5
Reduced Positions 10 9 +1
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FBCV

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Institutional Holders (2026 Q2)

39 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in FBCV. Verified SEC 13F-HR filings.

QUARTER:
Top 25 FBCV holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Roxbury Financial LLC 0.13% 4,225 $168K
2 Florida Financial Advisors, LLC 0.12% 17,418 $694K
3 MWA Asset Management 0.10% 5,659 $225K
4 AdvisorNet Financial, Inc 0.06% 31,483 $1.3M
5 Fifth Third Securities, INC. 0.03% 14,403 $574K
6 Commonwealth Equity Services, LLC 0.02% 418,730 $16.7M
7 Per Stirling Capital Management, LLC. 0.02% 5,475 $218K
8 &Partners 0.02% 95,672 $3.8M
9 CoreCap Advisors, LLC 0.01% 12,189 $485K
10 Savvy Advisors, Inc. 0.01% 15,775 $628K
11 Global Trust Asset Management, LLC 0.01% 1,030 $41K
12 Kestra Private Wealth Services, LLC 0.01% 21,379 $851K
13 Principal Securities, INC. 0.01% 17,840 $710K
14 Proficio Capital Partners LLC 0.01% 5,646 $225K
15 Cullen/Frost Bankers, INC. 0.01% 13,240 $527K
16 Merit Financial Group, LLC 0.00% 11,124 $443K
17 Kestra Advisory Services, LLC 0.00% 16,221 $646K
18 Cetera Investment Advisers 0.00% 28,572 $1.1M
19 Napier Financial, LLC 0.00% 87 $3K
20 Creative Financial Designs Inc /Adv 0.00% 365 $15K
21 Truist Financial Corp 0.00% 12,796 $510K
22 National Bank of Canada /Fi/ 0.00% 20,966 $827K
23 Glen Eagle Advisors, LLC 0.00% 108 $4K
24 Envestnet Asset Management Inc 0.00% 52,729 $2.1M
25 HighTower Advisors, LLC 0.00% 11,768 $469K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Fidelity Covington Trust (FBCV)

What does the Smart Money Trend signal show for FBCV?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added FBCV than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for FBCV?

More buyers than sellers — 65% buying: Last quarter: 28 funds were net buyers (8 opened a brand new position + 20 added to an existing one). Only 15 were sellers (9 trimmed + 6 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for FBCV holders?

Smaller funds dominant — 16% AUM from top-100: 8 of 43 holders rank in the top 100 by AUM, but together hold only 16% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held FBCV?

Mixed — 39% long-term, 25% new: Of the 44 current holders: 17 (39%) held >2 years, 16 held 1–2 years, and 11 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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