Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Fidelity Covington Trust (FDEV)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +6
Streak
6Q ▲
Buyers last Q
55%

Smart Money Signals — FDEV

Based on 47 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 FDEV 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
47 hedge funds hold FDEV 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 — +47% more funds vs a year ago

fund count last 6Q
+15 new funds entered over the past year (+47% 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 — 55% buying

26 buying21 selling
Last quarter: 26 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: 4 → 8 → 11 → 8. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
📌

Mixed — 32% long-term, 43% new

■ 32% conviction (2yr+) ■ 26% medium ■ 43% new
Of the 47 current holders: 15 (32%) held >2 years, 12 held 1–2 years, and 20 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
➡️

Steady discovery — ~8 new funds/quarter

15 → 4 → 8 → 11 → 8 new funds/Q
New funds entering each quarter: 4 → 8 → 11 → 8. Consistent flow of new institutional buyers without clear acceleration or slowdown.
📊

Mixed cohorts — 38% veterans, 53% new entrants

■ 38% veterans ■ 9% 1-2yr ■ 53% new
Of 47 current holders: 18 (38%) held 2+ years, 4 held 1–2 years, 25 (53%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
📋

Smaller funds dominant — 16% AUM from top-100

16% from top-100 AUM funds
10 of 46 holders rank in the top 100 by AUM, but together hold only 16% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
4.7
out of 10
Moderate Exit Risk
Exit risk score 4.7/10 — 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.

Institutional Sentiment Summary — FDEV

In 2026 Q2, 26 hedge funds were net buyers of FDEV (8 opened a new position, 18 added to an existing one), while 21 reduced or exited (19 trimmed, 2 sold completely) — a 55% buyer ratio, indicating a slight buying edge. This marks 6 consecutive quarters of net institutional buying — a persistent conviction signal. Net fund flow last quarter: +6 funds (more new holders than closures). Total institutional holders: 47.

Hedge Fund Ownership: FDEV

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

Market Analysis: FDEV

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FDEV

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

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Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

1 top-rated funds 0 high-conviction
Consensus
1.3
/ 10
breadth
×
Elite
1.0
/ 10
conviction
Hedge Fund Positioning: FDEV
46 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 46 41 12.2%
13F Shares 3M 2M 22.82%
Total Value $88M $71M 24.26%
New Positions 8 11 -3
Increased Positions 18 20 -2
Closed Positions 2 7 -5
Reduced Positions 19 8 +11
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FDEV

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Financial Highlights

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Institutional Holders (2026 Q2)

46 + investors

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

QUARTER:
Top 25 FDEV holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Apex Wealth Management, LLC 2.03% 93,411 $3.3M
2 Midwest Financial Network, LLC 0.94% 38,689 $1.4M
3 Elm3 Financial Group, LLC 0.93% 38,361 $1.4M
4 RCS Financial Planning, LLC 0.36% 21,240 $754K
5 LifeSteps Financial, Inc. 0.08% 4,986 $177K
6 Twin Peaks Wealth Advisors, LLC 0.07% 9,088 $323K
7 ShoreHaven Wealth Partners, LLC 0.07% 6,453 $229K
8 AE Wealth Management LLC 0.06% 377,266 $13.4M
9 Financial Management Network Inc 0.05% 10,185 $372K
10 Commonwealth Equity Services, LLC 0.03% 653,190 $23.2M
11 Centaurus Financial, INC. 0.01% 8,764 $311K
12 Arkadios Wealth Advisors 0.01% 15,390 $546K
13 Kestra Private Wealth Services, LLC 0.01% 17,687 $628K
14 Raymond James Financial Inc 0.00% 444,929 $15.8M
15 Kestra Advisory Services, LLC 0.00% 35,760 $1.3M
16 &Partners 0.00% 45,053 $907K
17 Cornerstone Planning Group LLC 0.00% 760 $28K
18 Osaic Holdings, INC. 0.00% 60,877 $2.2M
19 Cetera Investment Advisers 0.00% 59,218 $2.1M
20 IFP Advisors, Inc 0.00% 2,294 $81K
21 Farther Finance Advisors, LLC 0.00% 5,023 $178K
22 Harbour Investments, INC. 0.00% 2,072 $74K
23 Fiduciary Financial Advisors 0.00% 225 $8K
24 Envestnet Asset Management Inc 0.00% 90,073 $3.2M
25 Creative Financial Designs Inc /Adv 0.00% 375 $13K
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 (FDEV)

What does the Smart Money Trend signal show for FDEV?

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

Slight buying edge — 55% buying: Last quarter: 26 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 FDEV holders?

Smaller funds dominant — 16% AUM from top-100: 10 of 46 holders rank in the top 100 by AUM, but together hold only 16% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held FDEV?

Mixed — 32% long-term, 43% new: Of the 47 current holders: 15 (32%) held >2 years, 12 held 1–2 years, and 20 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

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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