Fidelity Covington Trust (FBOT) Hedge Fund Ownership (Q2 2026)

Fidelity Covington Trust (FBOT)

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

Smart Money Signals — FBOT

Based on 37 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 6 quarters in a row

last 6Q

For 6 consecutive quarters, more hedge funds added FBOT 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

37 hedge funds hold FBOT 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 — +54% more funds vs a year ago

fund count last 6Q

+13 new funds entered over the past year (+54% 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 — 66% buying

19 buying10 selling

Last quarter: 19 funds were net buyers (7 opened a brand new position + 12 added to an existing one). Only 10 were sellers (6 trimmed + 4 sold completely). A clear majority buying is a strong confirmation signal.

➡️

Steady new buyers — ~7 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 6 → 8 → 8 → 7. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

🔄

Mostly new holders — 38% entered in last year

■ 24% conviction (2yr+) ■ 38% medium ■ 38% new

Only 9 funds (24%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

💰

Value +29% but shares only +9% — price-driven

Value

+28%

+9%

Last quarter: the total dollar value of institutional holdings rose +29%, but actual share count only changed +9%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.

➡️

Steady discovery — ~7 new funds/quarter

9 → 6 → 8 → 8 → 7 new funds/Q

New funds entering each quarter: 6 → 8 → 8 → 7. Consistent flow of new institutional buyers without clear acceleration or slowdown.

🌱

Early stage — 57% of holders entered in last year

■ 24% veterans ■ 19% 1-2yr ■ 57% new

Of 37 current holders: 21 (57%) entered in the past year, only 9 (24%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.

🏆

Elite ownership — 42% AUM from top-100 funds

42% from top-100 AUM funds

6 of 36 holders are among the 100 largest funds by AUM, controlling 42% of total institutional value in FBOT. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

4.5

out of 10

Moderate Exit Risk

Exit risk score 4.5/10 — 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.

Metric	All 13F Filers (2026 Q2)	Prior (2026 Q1)	Change
Funds Holding	36	34	5.88%
13F Shares	2M	1M	9.32%
Total Value	$62M	$48M	28.73%
New Positions	7	8	-1
Increased Positions	12	12	-
Closed Positions	4	6	-2
Reduced Positions	6	10	-4
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2026 Q2)

Prior (2026 Q1)

Change

Funds Holding

5.88%

13F Shares

9.32%

Total Value

$62M

$48M

28.73%

New Positions

-1

Increased Positions

Closed Positions

-2

Reduced Positions

-4

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q2)

36 + investors

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

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 FBOT holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	POM Investment Strategies, LLC	0.77%	17,081	$676K
2	FSM Wealth Advisors, LLC	0.20%	48,088	$1.9M
3	Kingdom Financial Group LLC.	0.12%	11,693	$463K
4	SteelPeak Wealth, LLC	0.03%	25,000	$990K
5	Key Capital Management, INC	0.02%	1,002	$40K
6	Montgomery Financial Services LLC	0.02%	583	$23K
7	National Bank of Canada /Fi/	0.02%	567,097	$22.4M
8	Kovack Advisors, Inc.	0.02%	8,400	$332K
9	Raleigh Capital Management Inc.	0.01%	1,148	$45K
10	Strategic Advocates LLC	0.01%	76	$3K
11	Tounjian Advisory Partners, LLC	0.01%	502	$20K
12	EPG Wealth Management LLC	0.01%	847	$34K
13	AE Wealth Management LLC	0.01%	41,682	$1.7M
14	Fiduciary Financial Advisors	0.01%	1,785	$71K
15	Cape Investment Advisory, Inc.	0.01%	523	$21K
16	Networth Advisors, LLC	0.00%	209	$8K
17	Farther Finance Advisors, LLC	0.00%	13,617	$539K
18	Truist Financial Corp	0.00%	34,199	$1.4M
19	North Star Investment Management Corp.	0.00%	750	$30K
20	Osaic Holdings, INC.	0.00%	21,423	$849K
21	Fmr LLC	0.00%	575,281	$22.8M
22	Cetera Investment Advisers	0.00%	18,562	$735K
23	Commonwealth Equity Services, LLC	0.00%	11,793	$467K
24	Envestnet Asset Management Inc	0.00%	36,479	$1.4M
25	LPL Financial LLC	0.00%	36,333	$1.4M

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 (FBOT)

What does the Smart Money Trend signal show for FBOT?

Buying streak — 6 quarters in a row: For 6 consecutive quarters, more hedge funds added FBOT 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 FBOT?

More buyers than sellers — 66% buying: Last quarter: 19 funds were net buyers (7 opened a brand new position + 12 added to an existing one). Only 10 were sellers (6 trimmed + 4 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for FBOT holders?

Elite ownership — 42% AUM from top-100 funds: 6 of 36 holders are among the 100 largest funds by AUM, controlling 42% of total institutional value in FBOT. 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 FBOT?

Mostly new holders — 38% entered in last year: Only 9 funds (24%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

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.

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Fidelity Covington Trust (FBOT)

Smart Money Signals — FBOT

Buying streak — 6 quarters in a row

At the ownership peak (100% of max)

Fast accumulation — +54% more funds vs a year ago

More buyers than sellers — 66% buying

Steady new buyers — ~7 new funds per quarter

Mostly new holders — 38% entered in last year

Value +29% but shares only +9% — price-driven

Steady discovery — ~7 new funds/quarter

Early stage — 57% of holders entered in last year

Elite ownership — 42% AUM from top-100 funds

Institutional Sentiment Summary — FBOT

Hedge Fund Ownership: FBOT

Market Analysis: FBOT

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: FBOT

Hedge Fund Positioning: FBOT

Statistics: FBOT

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Fidelity Covington Trust (FBOT)

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