Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Fidelity Merrimack Str Tr (FBND)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +40
Streak
11Q ▲
Buyers last Q
70%

Smart Money Signals — FBND

Based on 790 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 11 quarters in a row

last 6Q
For 11 consecutive quarters, more hedge funds added FBND 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
790 hedge funds hold FBND 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 — +27% more funds vs a year ago

fund count last 6Q
+167 new funds entered over the past year (+27% 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 — 70% buying

546 buying237 selling
Last quarter: 546 funds were net buyers (91 opened a brand new position + 455 added to an existing one). Only 237 were sellers (186 trimmed + 51 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+7 vs last Q)

new funds entering per quarter
Funds opening a new FBND position: 65 → 120 → 84 → 91. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

48% of holders stayed for 2+ years

■ 48% conviction (2yr+) ■ 26% medium ■ 26% new
377 out of 790 hedge funds have held FBND for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~91 new funds/quarter

73 → 65 → 120 → 84 → 91 new funds/Q
New funds entering each quarter: 65 → 120 → 84 → 91. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 48% veterans vs 32% newcomers

■ 48% veterans ■ 20% 1-2yr ■ 32% new
Entry-cohort mix of 790 holders: 378 (48%) are 2+ year veterans, 161 entered 1–2 years ago, and 251 (32%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 46% AUM from top-100 funds

46% from top-100 AUM funds
23 of 790 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in FBND. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.0
out of 10
Moderate Exit Risk
Exit risk score 4.0/10 — 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 — FBND

In 2026 Q2, 546 hedge funds were net buyers of FBND (91 opened a new position, 455 added to an existing one), while 237 reduced or exited (186 trimmed, 51 sold completely) — a 70% buyer ratio, indicating clear institutional accumulation. This marks 11 consecutive quarters of net institutional buying — a persistent conviction signal. 46% of total institutional value in FBND is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +40 funds (more new holders than closures). Total institutional holders: 790.

Hedge Fund Ownership: FBND

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

Market Analysis: FBND

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FBND

-- --

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

Is It Too Late to Buy Fidelity Merrimack Str Tr (FBND) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much FBND has moved relative to its sector benchmark (SPY) since the 2026 Q2 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End June 30, 2026 · 81d ago
FBND
-2.5%
SPY
+2.1%

FBND outperformed SPY by -4.6% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 36d ago
FBND
-1.0%
SPY
-1.8%

Since the filing became public, FBND outperformed SPY by +0.8% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

14 top-rated funds 100 high-conviction
Consensus
5.1
/ 10
breadth
×
Elite
5.7
/ 10
conviction
Hedge Fund Positioning: FBND
786 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 786 750 4.8%
13F Shares 488M 445M 9.66%
Total Value $21.68B $19.70B 10.06%
New Positions 89 84 +5
Increased Positions 454 447 +7
Closed Positions 53 51 +2
Reduced Positions 186 168 +18
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FBND

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Financial Highlights

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Institutional Holders (2026 Q2)

786 + investors

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

QUARTER:
Top 25 FBND holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Goodwin Investment Advisory 28.85% 315,244 $14.3M
2 Targeted Financial Services LLC 20.66% 615,521 $28.0M
3 Sherrill & Hutchins Financial Advisory, Inc 20.53% 943,913 $42.9M
4 BG Investment Services, LLC 17.27% 527,196 $24.0M
5 Henderson Brothers Financial Partners, LLC 16.85% 782,427 $35.6M
6 Investment Advisory Services Group LLC 16.77% 503,662 $22.9M
7 Gainline Financial Partners, LLC 16.29% 383,552 $17.4M
8 Landing Point Financial Group, LLC 16.14% 1,043,899 $47.5M
9 Presper Financial Architects, LLC 14.70% 619,230 $28.2M
10 Kastel Capital Advisors, LLC 13.96% 483,888 $22.1M
11 Power Wealth Management LLC 13.53% 865,549 $39.4M
12 Sard Wealth Management Group, LLC 13.33% 612,680 $27.9M
13 Legacy Wealth Management, LLC 13.08% 5,495,432 $250.0M
14 S Harris Financial Group, LLC 12.86% 364,738 $16.6M
15 OLIO Financial Planning 12.24% 1,084,423 $49.3M
16 Andrews Advisory Associates, LLC 12.17% 556,482 $25.3M
17 Provident Living Financial Services, Inc. 11.60% 258,653 $11.8M
18 TrustWell Financial Advisors, LLC 11.57% 299,869 $13.6M
19 Navalign, LLC 11.48% 1,083,023 $49.3M
20 Shakespeare Wealth Management, LLC 11.34% 941,225 $42.8M
21 SPWM Advisors LLC 10.91% 260,686 $11.8M
22 Catawba River Capital 10.39% 510,635 $23.2M
23 Hicks Capital Management LLC 9.91% 265,775 $12.1M
24 Wealth Management Resources, INC. 9.22% 656,681 $29.9M
25 Mustico Financial Group, INC. 9.16% 313,408 $14.1M
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 Merrimack Str Tr (FBND)

What does the Smart Money Trend signal show for FBND?

Buying streak — 11 quarters in a row: For 11 consecutive quarters, more hedge funds added FBND 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 FBND?

More buyers than sellers — 70% buying: Last quarter: 546 funds were net buyers (91 opened a brand new position + 455 added to an existing one). Only 237 were sellers (186 trimmed + 51 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for FBND holders?

Elite ownership — 46% AUM from top-100 funds: 23 of 790 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in FBND. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held FBND?

48% of holders stayed for 2+ years: 377 out of 790 hedge funds have held FBND for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Fidelity Merrimack Str Tr (FBND) following the 2026 Q2 hedge fund 13F filings?

As of today, FBND has moved -1.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to -1.8% for the SPY sector ETF — an outperformance of +0.8%. Since the quarter end (June 30, 2026), FBND has gained -2.5% vs +2.1% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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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