Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

FIDELITY COVINGTON TRUST (FCOM)

188 + 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
↑ +17
Streak
3Q ▲
Buyers last Q
58%

Smart Money Signals — FCOM

Based on 188 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, 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
188 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.
📶

Steady growth — +11% more funds vs a year ago

fund count last 6Q
+19 new funds entered over the past year (+11% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 58% buying

97 buying69 selling
Last quarter: 97 funds bought or added vs 69 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 (+10 vs last Q)

new funds entering per quarter
Funds opening a new FCOM position: 17 → 26 → 23 → 33. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

51% of holders stayed for 2+ years

■ 51% conviction (2yr+) ■ 23% medium ■ 27% new
95 out of 188 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.
📈

Growing discovery — still being found

43 → 17 → 26 → 23 → 33 new funds/Q
New funds entering each quarter: 17 → 26 → 23 → 33. A growing number of institutions are discovering FCOM each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 51% of holders stayed 2+ years

■ 51% veterans ■ 14% 1-2yr ■ 35% new
Of 188 current holders: 96 (51%) 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
18 of 188 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.

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

-- --
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

19 top-rated funds 4 high-conviction
Consensus
5.6
/ 10
breadth
×
Elite
3.1
/ 10
conviction
Hedge Fund Positioning: FCOM
2026 Q1 Stats Unlock in 22 days 188 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 188 171 9.94%
13F Shares 13M 14M -5.93%
Total Value $936M $965M -3.06%
New Positions 33 23 +10
Increased Positions 64 52 +12
Closed Positions 16 15 +1
Reduced Positions 53 58 -5
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FCOM

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

188 + investors

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

Top 25 institutional holders of FCOM — 2025 Q4 · 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 SOUTHERN CAPITAL ADVISORS, LLC 2.27% 71,252 $4.9M
5 Crumly & Associates Inc. 1.94% 135,505 $9.2M
6 VICUS CAPITAL 1.59% 317,719 $21.6M
7 Maltin Wealth Management, Inc. 1.30% 50,120 $3.4M
8 BLUE JEAN FINANCIAL LLC 0.70% 12,531 $854K
9 Elm3 Financial Group, LLC 0.44% 7,711 $525K
10 KW WEALTH MANAGEMENT LLC 0.34% 3,075 $225K
11 LYNCH & ASSOCIATES/IN 0.31% 24,584 $1.7M
12 Piscataqua Savings Bank 0.31% 6,570 $447K
13 Williams & Novak, LLC 0.23% 4,573 $314K
14 Bayshore Capital Advisors, LLC 0.23% 8,136 $554K
15 Atlas Brown,Inc. 0.22% 10,546 $718K
16 Mechanics Bank Trust Department 0.21% 22,040 $1.5M
17 Smith Salley Wealth Management 0.20% 58,740 $4.0M
18 Sanchez Gaunt Capital Management, LLC 0.18% 4,137 $282K
19 KINGSWOOD WEALTH ADVISORS, LLC 0.15% 44,871 $3.1M
20 AMERICAN NATIONAL BANK & TRUST 0.13% 20,662 $1.4M
21 Heck Capital Advisors, LLC 0.11% 21,273 $1.4M
22 VCI Wealth Management LLC 0.09% 4,762 $324K
23 ACORN FINANCIAL ADVISORY SERVICES INC /ADV 0.09% 9,405 $641K
24 NOVEM GROUP 0.08% 10,638 $725K
25 LongView Wealth Management 0.07% 3,971 $292K
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 — 3 quarters in a row: For 3 consecutive quarters, 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 — 58% buying: Last quarter: 97 funds bought or added vs 69 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 — 43% AUM from top-100 funds: 18 of 188 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?

51% of holders stayed for 2+ years: 95 out of 188 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.