Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Fidelity Covington Trust (FCOM)

211 + 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
↑ +15
Streak
1Q ▲
Buyers last Q
57%

Smart Money Signals — FCOM

Based on 213 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added FCOM 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
213 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 — +21% more funds vs a year ago

fund count last 6Q
+37 new funds entered over the past year (+21% 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.
🟡

Slight buying edge — 57% buying

105 buying78 selling
Last quarter: 105 funds bought or added vs 78 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+12 vs last Q)

new funds entering per quarter
Funds opening a new FCOM position: 27 → 36 → 22 → 34. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

49% of holders stayed for 2+ years

■ 49% conviction (2yr+) ■ 27% medium ■ 24% new
105 out of 213 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 — ~34 new funds/quarter

29 → 27 → 36 → 22 → 34 new funds/Q
New funds entering each quarter: 27 → 36 → 22 → 34. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 50% veterans vs 32% newcomers

■ 50% veterans ■ 18% 1-2yr ■ 32% new
Entry-cohort mix of 213 holders: 106 (50%) are 2+ year veterans, 39 entered 1–2 years ago, and 68 (32%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 50% AUM from top-100 funds

50% from top-100 AUM funds
25 of 212 holders are among the 100 largest funds by AUM, controlling 50% 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.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — 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 Q2, 105 hedge funds were net buyers of FCOM (34 opened a new position, 71 added to an existing one), while 78 reduced or exited (59 trimmed, 19 sold completely) — a 57% buyer ratio, indicating a slight buying edge. 50% of total institutional value in FCOM is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +15 funds (more new holders than closures). Total institutional holders: 213.

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

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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.

7 top-rated funds 4 high-conviction
Consensus
3.9
/ 10
breadth
×
Elite
3.1
/ 10
conviction
Hedge Fund Positioning: FCOM
211 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 211 198 6.57%
13F Shares 16M 15M 7.04%
Total Value $818M $760M 7.58%
New Positions 34 22 +12
Increased Positions 71 61 +10
Closed Positions 20 30 -10
Reduced Positions 59 68 -9
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 Q2)

211 + 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 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Redstone Wealth Management, LLC 7.56% 166,702 $11.6M
2 Vertex Investment Solutions Co., Ltd. 4.23% 89,900 $6.3M
3 Independence Financial Advisors, LLC 3.34% 185,438 $12.9M
4 Yoder Wealth Management, Inc. 3.20% 117,773 $8.2M
5 Southern Capital Advisors, LLC 2.08% 71,828 $5.0M
6 Crumly & Associates Inc. 1.87% 140,850 $9.8M
7 Fischer Financial Services, Inc. 1.85% 105,722 $7.3M
8 Maltin Wealth Management, Inc. 1.20% 51,696 $3.6M
9 KDK Private Wealth Management, LLC 1.09% 18,936 $1.3M
10 Jacobs Equity LLC 1.01% 21,058 $1.5M
11 Maxele Advisors, LLC 0.93% 19,226 $1.3M
12 Pacific Sun Financial Corp 0.83% 28,984 $2.0M
13 Live Oak Investment Partners 0.78% 20,889 $1.5M
14 Alliance Private Wealth, LLC 0.76% 31,541 $2.2M
15 Beckerman Institutional, LLC 0.73% 22,122 $1.5M
16 Stonebridge Financial Planning Group, LLC 0.64% 28,789 $2.0M
17 Atlas Capital Advisors INC. 0.41% 52,522 $3.6M
18 Vista Investment Management 0.40% 19,174 $1.3M
19 Lido Advisors, LLC 0.37% 1,959,222 $136.1M
20 Elm3 Financial Group, LLC 0.36% 7,551 $525K
21 Birchcreek Wealth Management, LLC 0.34% 12,727 $884K
22 Lynch & Associates/In 0.33% 27,319 $1.9M
23 Odyssey Capital Advisors, Inc. 0.30% 5,976 $415K
24 EPG Wealth Management LLC 0.29% 17,495 $1.2M
25 Redwood Financial Network Corp 0.27% 6,923 $481K
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?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added FCOM 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 FCOM?

Slight buying edge — 57% buying: Last quarter: 105 funds bought or added vs 78 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for FCOM holders?

Elite ownership — 50% AUM from top-100 funds: 25 of 212 holders are among the 100 largest funds by AUM, controlling 50% 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?

49% of holders stayed for 2+ years: 105 out of 213 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.

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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