Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Fidelity Covington Trust (FDIS)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +13
Streak
1Q ▲
Buyers last Q
55%

Smart Money Signals — FDIS

Based on 241 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added FDIS 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 (98% of max)

98% of all-time peak
241 hedge funds hold FDIS 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 — +9% more funds vs a year ago

fund count last 6Q
+19 new funds entered over the past year (+9% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 55% buying

115 buying93 selling
Last quarter: 115 funds bought or added vs 93 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 (+17 vs last Q)

new funds entering per quarter
Funds opening a new FDIS position: 32 → 38 → 24 → 41. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

57% of holders stayed for 2+ years

■ 57% conviction (2yr+) ■ 23% medium ■ 20% new
137 out of 241 hedge funds have held FDIS 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 — ~41 new funds/quarter

26 → 32 → 38 → 24 → 41 new funds/Q
New funds entering each quarter: 32 → 38 → 24 → 41. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 58% veterans vs 25% newcomers

■ 58% veterans ■ 17% 1-2yr ■ 25% new
Entry-cohort mix of 241 holders: 140 (58%) are 2+ year veterans, 40 entered 1–2 years ago, and 61 (25%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 23% AUM from major funds

23% from top-100 AUM funds
26 of 238 holders rank in the top 100 by AUM, accounting for 23% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.4
out of 10
Low Exit Risk
Exit risk score 3.4/10 — 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 — FDIS

In 2026 Q2, 115 hedge funds were net buyers of FDIS (41 opened a new position, 74 added to an existing one), while 93 reduced or exited (65 trimmed, 28 sold completely) — a 55% buyer ratio, indicating a slight buying edge. 23% of total institutional value in FDIS is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +13 funds (more new holders than closures). Total institutional holders: 241.

Hedge Fund Ownership: FDIS

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

Market Analysis: FDIS

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FDIS

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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.

8 top-rated funds 3 high-conviction
Consensus
4.1
/ 10
breadth
×
Elite
2.9
/ 10
conviction
Hedge Fund Positioning: FDIS
237 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 237 228 3.95%
13F Shares 7M 8M -7.31%
Total Value $701M $683M 2.64%
New Positions 41 24 +17
Increased Positions 74 68 +6
Closed Positions 29 41 -12
Reduced Positions 65 79 -14
Total Calls 1 0 100%
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FDIS

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Institutional Holders (2026 Q2)

237 + investors

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

QUARTER:
Top 25 FDIS holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Fischer Financial Services, Inc. 3.73% 144,384 $14.8M
2 Independence Financial Advisors, LLC 3.29% 123,456 $12.7M
3 SFI Advisors, LLC 2.79% 31,446 $3.2M
4 Yoder Wealth Management, Inc. 2.67% 66,536 $6.8M
5 Keystone Global Partners, LLC 2.59% 66,566 $6.8M
6 Maxele Advisors, LLC 1.70% 23,632 $2.4M
7 Richmond Brothers, Inc. 1.41% 26,432 $2.7M
8 Jacobs Equity LLC 1.37% 19,322 $2.0M
9 KDK Private Wealth Management, LLC 1.36% 15,926 $1.6M
10 Maltin Wealth Management, Inc. 1.15% 33,386 $3.4M
11 Penobscot Wealth Management 1.13% 41,177 $4.2M
12 Pension & Wealth Management Advisors, INC. 0.67% 13,877 $787K
13 Southern Capital Advisors, LLC 0.62% 14,449 $1.5M
14 AE Wealth Management LLC 0.59% 1,230,772 $126.6M
15 Blue Jean Financial LLC 0.58% 8,070 $830K
16 Schmidt P J Investment Management Inc 0.52% 32,590 $3.4M
17 Atlas Capital Advisors INC. 0.50% 47,271 $4.4M
18 Redwood Financial Network Corp 0.45% 7,813 $803K
19 Pathway Financial Advisers, LLC 0.42% 16,343 $1.7M
20 Lido Advisors, LLC 0.40% 1,436,002 $147.7M
21 Zinnia Wealth Advisory, LLC 0.39% 3,729 $383K
22 Lynch & Associates/In 0.38% 21,395 $2.2M
23 Bayshore Capital Advisors, LLC 0.37% 7,751 $797K
24 Elevated Capital Advisors, LLC 0.33% 11,695 $1.2M
25 Mosley Wealth Management 0.30% 9,123 $938K
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 (FDIS)

What does the Smart Money Trend signal show for FDIS?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added FDIS 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 FDIS?

Slight buying edge — 55% buying: Last quarter: 115 funds bought or added vs 93 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 FDIS holders?

Strong quality — 23% AUM from major funds: 26 of 238 holders rank in the top 100 by AUM, accounting for 23% 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 FDIS?

57% of holders stayed for 2+ years: 137 out of 241 hedge funds have held FDIS 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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