Fidelity Covington Trust (FDIF): Hedge Fund Ownership & Smart Money Signals (Q1 2026)

Q: Is it too late to buy Fidelity Covington Trust (FDIF) following the 2026 Q1 hedge fund 13F filings?

As of today, FDIF has moved +5.9% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.1% for the SPY sector ETF — an outperformance of +4.8%. Since the quarter end (March 31, 2026), FDIF gained +21.0% vs +14.9% 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.

Fidelity Covington Trust (FDIF)

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

Smart Money Signals — FDIF

Based on 22 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q

For 2 consecutive quarters, more hedge funds added FDIF 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

22 hedge funds hold FDIF 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 — +38% more funds vs a year ago

fund count last 6Q

+6 new funds entered over the past year (+38% 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.

🟢

More buyers than sellers — 76% buying

13 buying4 selling

Last quarter: 13 funds were net buyers (4 opened a brand new position + 9 added to an existing one). Only 4 were sellers (3 trimmed + 1 sold completely). A clear majority buying is a strong confirmation signal.

➡️

Steady new buyers — ~4 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 4 → 2 → 2 → 4. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

🔒

55% of holders stayed for 2+ years

■ 55% conviction (2yr+) ■ 23% medium ■ 23% new

12 out of 22 hedge funds have held FDIF 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 — ~4 new funds/quarter

1 → 4 → 2 → 2 → 4 new funds/Q

New funds entering each quarter: 4 → 2 → 2 → 4. Consistent flow of new institutional buyers without clear acceleration or slowdown.

🏛️

Veteran-anchored — 59% veterans vs 32% newcomers

■ 59% veterans ■ 9% 1-2yr ■ 32% new

Entry-cohort mix of 22 holders: 13 (59%) are 2+ year veterans, 2 entered 1–2 years ago, and 7 (32%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

✅

Strong quality — 28% AUM from major funds

28% from top-100 AUM funds

6 of 22 holders rank in the top 100 by AUM, accounting for 28% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

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.

Metric	All 13F Filers (2026 Q1)	Prior (2025 Q4)	Change
Funds Holding	22	19	15.79%
13F Shares	427K	305K	40.3%
Total Value	$14M	$11M	28.5%
New Positions	4	2	+2
Increased Positions	9	8	+1
Closed Positions	1	1	-
Reduced Positions	3	3	-
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

15.79%

13F Shares

427K

305K

40.3%

Total Value

$14M

$11M

28.5%

New Positions

Increased Positions

Closed Positions

Reduced Positions

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q1)

22 + investors

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

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 22 FDIF holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Sfmg, LLC	0.52%	232,738	$7.6M
2	MFA Wealth Services	0.25%	11,696	$384K
3	Godfrey Financial Associates, Inc.	0.03%	1,000	$33K
4	Kovack Advisors, Inc.	0.02%	11,350	$376K
5	Parallel Advisors, LLC	0.00%	4,937	$162K
6	Winch Advisory Services, LLC	0.00%	308	$10K
7	Sequoia Financial Advisors, LLC	0.00%	8,419	$276K
8	Farther Finance Advisors, LLC	0.00%	4,899	$162K
9	Commonwealth Equity Services, LLC	0.00%	13,687	$449K
10	TD Capital Management LLC	0.00%	183	$6K
11	Jane Street Group, LLC	0.00%	101,845	$3.3M
12	Advisory Services Network, LLC	0.00%	640	$21K
13	Larson Financial Group LLC	0.00%	232	$8K
14	Osaic Holdings, INC.	0.00%	3,621	$119K
15	LRI Investments, LLC	0.00%	56	$2K
16	Raymond James Financial Inc	0.00%	13,484	$442K
17	Citadel Advisors LLC	0.00%	8,977	$294K
18	Bank of Montreal /Can/	0.00%	2,199	$72K
19	Fmr LLC	0.00%	6,573	$216K
20	Steward Partners Investment Advisory, LLC	0.00%	45	$1K
21	Royal Bank of Canada	0.00%	280	$9K
22	Morgan Stanley	0.00%	156	$5K

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 (FDIF)

What does the Smart Money Trend signal show for FDIF?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added FDIF 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 FDIF?

More buyers than sellers — 76% buying: Last quarter: 13 funds were net buyers (4 opened a brand new position + 9 added to an existing one). Only 4 were sellers (3 trimmed + 1 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for FDIF holders?

Strong quality — 28% AUM from major funds: 6 of 22 holders rank in the top 100 by AUM, accounting for 28% 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 FDIF?

55% of holders stayed for 2+ years: 12 out of 22 hedge funds have held FDIF 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 (FDIF) following the 2026 Q1 hedge fund 13F filings?

As of today, FDIF has moved +5.9% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.1% for the SPY sector ETF — an outperformance of +4.8%. Since the quarter end (March 31, 2026), FDIF has gained +21.0% vs +14.9% 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.

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Fidelity Covington Trust (FDIF)

Smart Money Signals — FDIF

Buying streak — 2 quarters in a row

At the ownership peak (100% of max)

Fast accumulation — +38% more funds vs a year ago

More buyers than sellers — 76% buying

Steady new buyers — ~4 new funds per quarter

55% of holders stayed for 2+ years

Steady discovery — ~4 new funds/quarter

Veteran-anchored — 59% veterans vs 32% newcomers

Strong quality — 28% AUM from major funds

Institutional Sentiment Summary — FDIF

Hedge Fund Ownership: FDIF

Market Analysis: FDIF

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: FDIF

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

Hedge Fund Positioning: FDIF

Statistics: FDIF

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — Fidelity Covington Trust (FDIF)

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