Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Fidelity Merrimack Str Tr (FBND)

738 + 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
↑ +33
Streak
11Q ▲
Buyers last Q
71%

Smart Money Signals — FBND

Based on 749 hedge funds · latest filing: 2026 Q1 · 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
749 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 — +24% more funds vs a year ago

fund count last 6Q
+144 new funds entered over the past year (+24% 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 — 71% buying

531 buying218 selling
Last quarter: 531 funds were net buyers (84 opened a brand new position + 447 added to an existing one). Only 218 were sellers (167 trimmed + 51 sold completely). A clear majority buying is a strong confirmation signal.
⚠️

Fewer new buyers each quarter (-35 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 72 → 65 → 119 → 84. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

47% of holders stayed for 2+ years

■ 47% conviction (2yr+) ■ 28% medium ■ 24% new
355 out of 749 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.
💎

Buying through price weakness — shares +32%, value +8%

Value
+8%
Shares
+31%
Last quarter: funds added +32% more shares while total portfolio value only changed +8%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

73 → 72 → 65 → 119 → 84 new funds/Q
New funds entering each quarter: 72 → 65 → 119 → 84. A growing number of institutions are discovering FBND each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 47% of holders stayed 2+ years

■ 47% veterans ■ 22% 1-2yr ■ 31% new
Of 749 current holders: 349 (47%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 45% AUM from top-100 funds

45% from top-100 AUM funds
21 of 749 holders are among the 100 largest funds by AUM, controlling 45% 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 Q1, 531 hedge funds were net buyers of FBND (84 opened a new position, 447 added to an existing one), while 218 reduced or exited (167 trimmed, 51 sold completely) — a 71% buyer ratio, indicating clear institutional accumulation. This marks 11 consecutive quarters of net institutional buying — a persistent conviction signal. 45% of total institutional value in FBND is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +33 funds (more new holders than closures). Total institutional holders: 749.

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 Q1 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 March 31, 2026 · 76d ago
FBND
-0.2%
SPY
+14.1%

FBND outperformed SPY by -14.3% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 31d ago
FBND
+1.1%
SPY
+0.3%

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.

20 top-rated funds 92 high-conviction
Consensus
5.7
/ 10
breadth
×
Elite
5.8
/ 10
conviction
Hedge Fund Positioning: FBND
738 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 738 716 3.07%
13F Shares 445M 338M 31.33%
Total Value $19.66B $18.20B 8.06%
New Positions 78 119 -41
Increased Positions 443 427 +16
Closed Positions 56 48 +8
Reduced Positions 166 125 +41
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 Q1)

738 + 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 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Sherrill & Hutchins Financial Advisory, Inc 24.40% 905,462 $41.3M
2 Targeted Financial Services LLC 19.96% 533,468 $24.3M
3 Henderson Brothers Financial Partners, LLC 18.56% 1,606,810 $73.3M
4 BG Investment Services, LLC 17.76% 468,984 $21.4M
5 Investment Advisory Services Group LLC 17.66% 445,066 $20.3M
6 Presper Financial Architects, LLC 16.67% 614,977 $28.1M
7 Goodwin Investment Advisory 15.47% 284,777 $13.0M
8 Sard Wealth Management Group, LLC 14.37% 579,529 $26.4M
9 Power Wealth Management LLC 14.10% 830,657 $37.9M
10 S Harris Financial Group, LLC 13.04% 313,496 $14.3M
11 Andrews Advisory Associates, LLC 13.03% 542,518 $24.7M
12 OLIO Financial Planning 12.87% 1,018,206 $46.5M
13 Kastel Capital Advisors, LLC 12.32% 436,100 $20.1M
14 Navalign, LLC 11.85% 1,030,049 $47.0M
15 Hicks Capital Management LLC 11.50% 251,985 $11.5M
16 TrustWell Financial Advisors, LLC 11.26% 252,917 $11.6M
17 Catawba River Capital 11.03% 503,022 $22.9M
18 Provident Living Financial Services, Inc. 10.89% 216,372 $9.9M
19 Wealth Management Resources, INC. 10.53% 662,891 $30.2M
20 CPA Asset Management Group, LLC 9.96% 650,837 $29.7M
21 SPWM Advisors LLC 9.92% 251,084 $11.4M
22 Meriwether Wealth & Planning, LLC 9.89% 395,588 $18.0M
23 Blue Chip Partners, LLC 9.78% 2,979,026 $135.9M
24 Sunburst Financial Group, LLC 9.64% 1,146,791 $52.3M
25 Forbes Financial Planning, Inc. 9.63% 365,535 $16.7M
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 — 71% buying: Last quarter: 531 funds were net buyers (84 opened a brand new position + 447 added to an existing one). Only 218 were sellers (167 trimmed + 51 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for FBND holders?

Elite ownership — 45% AUM from top-100 funds: 21 of 749 holders are among the 100 largest funds by AUM, controlling 45% 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?

47% of holders stayed for 2+ years: 355 out of 749 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 Q1 hedge fund 13F filings?

As of today, FBND has moved +1.1% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.3% for the SPY sector ETF — an outperformance of +0.8%. Since the quarter end (March 31, 2026), FBND has gained -0.2% vs +14.1% 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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