Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Fidelity Covington Trust (FCOM)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -6
Streak
1Q ▼
Buyers last Q
46%

Smart Money Signals — FCOM

Based on 198 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their FCOM positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (97% of max)

97% of all-time peak
198 hedge funds hold FCOM 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 — +22% more funds vs a year ago

fund count last 6Q
+36 new funds entered over the past year (+22% 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 sellers than buyers — 46% buying

83 buying96 selling
Last quarter: 96 funds reduced or exited vs 83 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-14 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 28 → 26 → 36 → 22. 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+) ■ 29% medium ■ 24% new
93 out of 198 hedge funds have held FCOM 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 — ~22 new funds/quarter

20 → 28 → 26 → 36 → 22 new funds/Q
New funds entering each quarter: 28 → 26 → 36 → 22. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 50% of holders stayed 2+ years

■ 50% veterans ■ 18% 1-2yr ■ 32% new
Of 198 current holders: 99 (50%) 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 — 43% AUM from top-100 funds

43% from top-100 AUM funds
20 of 198 holders are among the 100 largest funds by AUM, controlling 43% of total institutional value in FCOM. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.9
out of 10
Low Exit Risk
Exit risk score 3.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

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 — FCOM

In 2026 Q1, 83 hedge funds were net buyers of FCOM (22 opened a new position, 61 added to an existing one), while 96 reduced or exited (68 trimmed, 28 sold completely) — a 46% buyer ratio, indicating roughly balanced activity. 43% of total institutional value in FCOM is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -6 funds (more exits than new entries). Total institutional holders: 198.

Hedge Fund Ownership: FCOM

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

Market Analysis: FCOM

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FCOM

-- --

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

Is It Too Late to Buy Fidelity Covington Trust (FCOM) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much FCOM 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 · 75d ago
FCOM
+4.2%
SPY
+14.1%

FCOM outperformed SPY by -9.9% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 30d ago
FCOM
-4.0%
SPY
+0.3%

Since the filing became public, FCOM outperformed SPY by -4.3% .

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.

10 top-rated funds 4 high-conviction
Consensus
4.5
/ 10
breadth
×
Elite
3.0
/ 10
conviction
Hedge Fund Positioning: FCOM
197 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 197 204 -3.43%
13F Shares 15M 16M -8.47%
Total Value $760M $940M -19.13%
New Positions 22 36 -14
Increased Positions 61 67 -6
Closed Positions 29 18 +11
Reduced Positions 68 55 +13
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FCOM

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Institutional Holders (2026 Q1)

197 + investors

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

QUARTER:
Top 25 FCOM holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Redstone Wealth Management, LLC 6.84% 126,022 $8.6M
2 Independence Financial Advisors, LLC 3.48% 170,404 $11.6M
3 Yoder Wealth Management, Inc. 3.29% 105,800 $7.2M
4 Fischer Financial Services, Inc. 2.44% 106,332 $7.2M
5 Southern Capital Advisors, LLC 2.27% 71,252 $4.9M
6 Crumly & Associates Inc. 1.94% 135,505 $9.2M
7 Vicus Capital 1.59% 317,719 $21.6M
8 Destiny Wealth Partners, LLC 1.50% 200,794 $13.7M
9 Maltin Wealth Management, Inc. 1.30% 50,120 $3.4M
10 Jacobs Equity LLC 1.21% 19,819 $1.4M
11 KDK Private Wealth Management, LLC 1.19% 19,174 $1.3M
12 Pacific Sun Financial Corp 0.86% 26,055 $1.8M
13 Beckerman Institutional, LLC 0.80% 22,177 $1.5M
14 Live Oak Investment Partners 0.77% 19,251 $1.3M
15 Alliance Private Wealth, LLC 0.74% 30,284 $2.1M
16 Blue Jean Financial LLC 0.70% 12,531 $854K
17 Stonebridge Financial Planning Group, LLC 0.66% 26,583 $1.8M
18 Birchcreek Wealth Management, LLC 0.56% 16,995 $1.2M
19 Elm3 Financial Group, LLC 0.44% 7,711 $525K
20 Vista Investment Management 0.44% 19,244 $1.3M
21 Lido Advisors, LLC 0.42% 2,037,547 $138.8M
22 Atlas Capital Advisors INC. 0.41% 52,522 $3.6M
23 Odyssey Capital Advisors, Inc. 0.38% 6,158 $419K
24 Kw Wealth Management LLC 0.34% 3,075 $225K
25 EPG Wealth Management LLC 0.32% 17,176 $1.2M
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 (FCOM)

What does the Smart Money Trend signal show for FCOM?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their FCOM positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for FCOM?

More sellers than buyers — 46% buying: Last quarter: 96 funds reduced or exited vs 83 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for FCOM holders?

Elite ownership — 43% AUM from top-100 funds: 20 of 198 holders are among the 100 largest funds by AUM, controlling 43% of total institutional value in FCOM. 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 FCOM?

47% of holders stayed for 2+ years: 93 out of 198 hedge funds have held FCOM 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 Covington Trust (FCOM) following the 2026 Q1 hedge fund 13F filings?

As of today, FCOM has moved -4.0% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.3% for the SPY sector ETF — an outperformance of -4.3%. Since the quarter end (March 31, 2026), FCOM has gained +4.2% 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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