Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Fidelity Covington Trust (FCPI)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
→ 0
Streak
1Q —
Buyers last Q
57%

Smart Money Signals — FCPI

Based on 51 hedge funds · latest filing: 2026 Q2 · updated quarterly

➡️

No change last quarter

last 6Q
The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.
📊

High ownership — 93% of 3.0Y peak

93% of all-time peak
51 funds currently hold this stock — 93% of the 3.0-year high of 55 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding FCPI is almost the same as a year ago (+0 funds, +0% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 57% buying

28 buying21 selling
Last quarter: 28 funds bought or added vs 21 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.
➡️

Steady new buyers — ~8 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 11 → 10 → 6 → 8. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

49% of holders stayed for 2+ years

■ 49% conviction (2yr+) ■ 35% medium ■ 16% new
25 out of 51 hedge funds have held FCPI 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.
📊

Peak discovery — momentum slowing

14 → 11 → 10 → 6 → 8 new funds/Q
New funds entering each quarter: 11 → 10 → 6 → 8. FCPI is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 49% veterans vs 29% newcomers

■ 49% veterans ■ 22% 1-2yr ■ 29% new
Entry-cohort mix of 51 holders: 25 (49%) are 2+ year veterans, 11 entered 1–2 years ago, and 15 (29%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 33% AUM from major funds

33% from top-100 AUM funds
7 of 50 holders rank in the top 100 by AUM, accounting for 33% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.0
out of 10
Low Exit Risk
Exit risk score 3.0/10 — 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 — FCPI

In 2026 Q2, 28 hedge funds were net buyers of FCPI (8 opened a new position, 20 added to an existing one), while 21 reduced or exited (13 trimmed, 8 sold completely) — a 57% buyer ratio, indicating a slight buying edge. 33% of total institutional value in FCPI is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: flat (entries and exits balanced). Total institutional holders: 51.

Hedge Fund Ownership: FCPI

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

Market Analysis: FCPI

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FCPI

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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.

2 top-rated funds 0 high-conviction
Consensus
2.1
/ 10
breadth
×
Elite
0.1
/ 10
conviction
Hedge Fund Positioning: FCPI
50 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 50 51 -1.96%
13F Shares 888K 1000K -11.16%
Total Value $46M $47M -0.57%
New Positions 8 6 +2
Increased Positions 20 18 +2
Closed Positions 8 10 -2
Reduced Positions 13 17 -4
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FCPI

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Institutional Holders (2026 Q2)

50 + investors

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

QUARTER:
Top 25 FCPI holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Wealthgarden F.S. LLC 0.34% 10,821 $591K
2 Williams & Novak Wealth Management, LLC 0.14% 4,010 $219K
3 Golden State Wealth Management, LLC 0.04% 8,857 $484K
4 Signature Equity Partners, LLC 0.04% 1,740 $95K
5 NFSG Corp 0.04% 5,845 $319K
6 Sanctuary Advisors, LLC 0.03% 113,050 $6.2M
7 XML Financial, LLC 0.02% 5,111 $279K
8 Private Trust Co NA 0.02% 4,500 $246K
9 Concord Wealth Partners 0.02% 2,399 $131K
10 Cornerstone Wealth Group, LLC 0.01% 4,082 $223K
11 Wealth Enhancement Advisory Services, LLC 0.01% 114,977 $6.3M
12 Archer Investment Corp 0.01% 806 $44K
13 Sunrise Financial Services, LLC 0.01% 250 $14K
14 Atria Investments, Inc 0.01% 11,402 $623K
15 Osaic Holdings, INC. 0.00% 56,644 $3.1M
16 Triumph Capital Management 0.00% 336 $18K
17 IFP Advisors, Inc 0.00% 3,082 $168K
18 Commonwealth Equity Services, LLC 0.00% 44,151 $2.4M
19 AdvisorNet Financial, Inc 0.00% 1,176 $64K
20 Continuum Advisory, LLC 0.00% 632 $35K
21 Thurston, Springer, Miller, Herd & Titak, INC. 0.00% 101 $6K
22 Harbour Investments, INC. 0.00% 2,674 $146K
23 Focus Partners Advisor Solutions, LLC 0.00% 3,750 $205K
24 LPL Financial LLC 0.00% 137,802 $7.5M
25 Mercer Global Advisors Inc /Adv 0.00% 21,657 $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 (FCPI)

What does the Smart Money Trend signal show for FCPI?

No change last quarter: The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.

What is the institutional breadth score for FCPI?

Slight buying edge — 57% buying: Last quarter: 28 funds bought or added vs 21 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 FCPI holders?

Strong quality — 33% AUM from major funds: 7 of 50 holders rank in the top 100 by AUM, accounting for 33% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held FCPI?

49% of holders stayed for 2+ years: 25 out of 51 hedge funds have held FCPI 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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