Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Fidelity Covington Trust (FDHY)

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

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Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +1
Streak
4Q ▲
Buyers last Q
58%

Smart Money Signals — FDHY

Based on 73 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 4 quarters in a row

last 6Q
For 4 consecutive quarters, more hedge funds added FDHY 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
73 hedge funds hold FDHY 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 — +20% more funds vs a year ago

fund count last 6Q
+12 new funds entered over the past year (+20% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 58% buying

39 buying28 selling
Last quarter: 39 funds bought or added vs 28 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 — ~10 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 9 → 6 → 12 → 10. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

48% of holders stayed for 2+ years

48% conviction (2yr+) 32% medium 21% new
35 out of 73 hedge funds have held FDHY 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 — ~10 new funds/quarter

6 → 9 → 6 → 12 → 10 new funds/Q
New funds entering each quarter: 9 → 6 → 12 → 10. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 53% of holders stayed 2+ years

53% veterans 21% 1-2yr 26% new
Of 73 current holders: 39 (53%) 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 — 44% AUM from top-100 funds

44% from top-100 AUM funds
11 of 73 holders are among the 100 largest funds by AUM, controlling 44% of total institutional value in FDHY. 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 — FDHY

In 2026 Q1, 39 hedge funds were net buyers of FDHY (10 opened a new position, 29 added to an existing one), while 28 reduced or exited (19 trimmed, 9 sold completely) — a 58% buyer ratio, indicating a slight buying edge. This marks 4 consecutive quarters of net institutional buying — a persistent conviction signal. 44% of total institutional value in FDHY is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +1 funds (more new holders than closures). Total institutional holders: 73.

Hedge Fund Ownership: FDHY

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

Market Analysis: FDHY

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FDHY

-- --

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

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

Signal Freshness measures how much FDHY 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 · 78d ago
FDHY
+1.3%
SPY
+15.9%

FDHY outperformed SPY by -14.6% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
FDHY
+0.6%
SPY
+2.0%

Since the filing became public, FDHY outperformed SPY by -1.4% .

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.

4 top-rated funds 3 high-conviction
Consensus
3.0
/ 10
breadth
×
Elite
2.6
/ 10
conviction
Hedge Fund Positioning: FDHY
73 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 73 72 1.39%
13F Shares 3M 2M 7.28%
Total Value $121M $116M 4.47%
New Positions 10 12 -2
Increased Positions 29 32 -3
Closed Positions 9 5 +4
Reduced Positions 19 16 +3
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FDHY

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Institutional Holders (2026 Q1)

73 + investors

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

QUARTER:
Top 25 FDHY holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 BG Investment Services, LLC 3.89% 96,455 $4.7M
2 Flavin Financial Services, Inc. 3.63% 111,008 $5.4M
3 Wise Wealth Partners 2.40% 36,557 $1.8M
4 Geneva Partners, LLC 1.63% 70,077 $3.4M
5 OmniStar Financial Group, Inc. 1.51% 60,058 $2.9M
6 Evergreen Private Wealth LLC 1.07% 54,451 $2.6M
7 Townsend Financial Planning, LLC 0.61% 12,991 $631K
8 Moody National Bank Trust Division 0.54% 116,532 $5.7M
9 Storgate, LLC 0.26% 6,776 $329K
10 Stonebridge Financial Planning Group, LLC 0.25% 13,793 $670K
11 Freestate Advisors LLC 0.23% 6,013 $292K
12 Eagle Wealth Advisors LLC 0.22% 4,943 $241K
13 Foronjy Financial LLC 0.18% 8,785 $426K
14 Great Lakes Retirement, Inc. 0.16% 31,874 $1.6M
15 Prepared Retirement Institute LLC 0.12%
16 Shared Vision Wealth Group LLC 0.12% 5,869 $285K
17 Advisory Services Network, LLC 0.12% 179,219 $8.7M
18 Axxcess Wealth Management, LLC 0.11% 69,994 $3.4M
19 Breakwater Capital Group 0.08% 12,428 $603K
20 Mutual Advisors, LLC 0.06% 58,309 $2.8M
21 Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors 0.06% 9,709 $471K
22 NWF Advisory Services Inc. 0.05% 8,278 $402K
23 Clearstead Trust, LLC 0.04% 4,614 $224K
24 Glass Jacobson Investment Advisors llc 0.03% 1,850 $90K
25 Sigma Planning Corp 0.03% 21,011 $1.0M
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 (FDHY)

What does the Smart Money Trend signal show for FDHY?

Buying streak — 4 quarters in a row: For 4 consecutive quarters, more hedge funds added FDHY 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 FDHY?

Slight buying edge — 58% buying: Last quarter: 39 funds bought or added vs 28 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 FDHY holders?

Elite ownership — 44% AUM from top-100 funds: 11 of 73 holders are among the 100 largest funds by AUM, controlling 44% of total institutional value in FDHY. 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 FDHY?

48% of holders stayed for 2+ years: 35 out of 73 hedge funds have held FDHY 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 (FDHY) following the 2026 Q1 hedge fund 13F filings?

As of today, FDHY has moved +0.6% since the 2026 Q1 13F filing date (May 15, 2026), compared to +2.0% for the SPY sector ETF — an outperformance of -1.4%. Since the quarter end (March 31, 2026), FDHY has gained +1.3% vs +15.9% 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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