Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Fidelity Covington Trust (FDMO)

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

Fetching live quote...
Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +8
Streak
6Q ▲
Buyers last Q
68%

Smart Money Signals — FDMO

Based on 95 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 6 quarters in a row

last 6Q
For 6 consecutive quarters, more hedge funds added FDMO 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
95 hedge funds hold FDMO 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 — +44% more funds vs a year ago

fund count last 6Q
+29 new funds entered over the past year (+44% 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 — 68% buying

62 buying29 selling
Last quarter: 62 funds were net buyers (19 opened a brand new position + 43 added to an existing one). Only 29 were sellers (18 trimmed + 11 sold completely). A clear majority buying is a strong confirmation signal.
➡️

Steady new buyers — ~19 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 17 → 20 → 22 → 19. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

40% of holders stayed for 2+ years

40% conviction (2yr+) 22% medium 38% new
38 out of 95 hedge funds have held FDMO 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.
📈

Growing discovery — still being found

17 → 17 → 20 → 22 → 19 new funds/Q
New funds entering each quarter: 17 → 20 → 22 → 19. A growing number of institutions are discovering FDMO each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 42% veterans vs 46% newcomers

42% veterans 12% 1-2yr 46% new
Entry-cohort mix of 95 holders: 40 (42%) are 2+ year veterans, 11 entered 1–2 years ago, and 44 (46%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 73% AUM from top-100 funds

73% from top-100 AUM funds
12 of 95 holders are among the 100 largest funds by AUM, controlling 73% of total institutional value in FDMO. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.5
out of 10
Moderate Exit Risk
Exit risk score 4.5/10 — 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 — FDMO

In 2026 Q1, 62 hedge funds were net buyers of FDMO (19 opened a new position, 43 added to an existing one), while 29 reduced or exited (18 trimmed, 11 sold completely) — a 68% buyer ratio, indicating clear institutional accumulation. This marks 6 consecutive quarters of net institutional buying — a persistent conviction signal. 73% of total institutional value in FDMO is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +8 funds (more new holders than closures). Total institutional holders: 95.

Hedge Fund Ownership: FDMO

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

Market Analysis: FDMO

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FDMO

-- --

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

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

Signal Freshness measures how much FDMO 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 · 80d ago
FDMO
nan%
SPY
+13.9%

FDMO outperformed SPY by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 35d ago
FDMO
nan%
SPY
+0.2%

Since the filing became public, FDMO outperformed SPY by nan% .

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 1 high-conviction
Consensus
3.0
/ 10
breadth
×
Elite
1.0
/ 10
conviction
Hedge Fund Positioning: FDMO
94 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 94 87 8.05%
13F Shares 7M 5M 28.44%
Total Value $526M $437M 20.3%
New Positions 18 22 -4
Increased Positions 43 38 +5
Closed Positions 11 14 -3
Reduced Positions 18 13 +5
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FDMO

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

94 + investors

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

QUARTER:
Top 25 FDMO holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Portfolio Strategies, Inc. 1.49% 151,115 $12.1M
2 Great Lakes Retirement, Inc. 1.14% 137,750 $11.0M
3 Nova Wealth Management, Inc. 0.74% 14,248 $1.1M
4 Marks Group Wealth Management, Inc 0.66% 85,120 $6.8M
5 First Heartland Consultants, Inc. 0.57% 93,114 $7.5M
6 Midwest Financial Network, LLC 0.51% 7,965 $638K
7 RCS Financial Planning, LLC 0.37% 8,890 $712K
8 Bryant Woods Investment Advisors, LLC 0.35% 11,929 $956K
9 Mosley Wealth Management 0.26% 6,806 $566K
10 Stonehearth Capital Management, LLC 0.22% 6,980 $559K
11 Action Point Financial Planning, LLC 0.21% 2,988 $239K
12 Worth Asset Management, LLC 0.19% 6,441 $516K
13 Westbourne Investments, INC. 0.19% 4,913 $394K
14 Strategic Blueprint, LLC 0.16% 33,701 $2.7M
15 Keystone Wealth Services, LLC 0.13% 7,460 $598K
16 Darwin Wealth Management, LLC 0.11% 4,335 $347K
17 Foronjy Financial LLC 0.09% 2,661 $213K
18 ShoreHaven Wealth Partners, LLC 0.08% 2,798 $224K
19 High Point Wealth Management, LLC 0.08% 1,020 $82K
20 Calton & Associates, INC. 0.08% 6,580 $527K
21 Rehmann Capital Advisory Group 0.07% 17,154 $1.4M
22 Kestra Private Wealth Services, LLC 0.07% 70,980 $5.7M
23 Kestra Advisory Services, LLC 0.06% 209,587 $16.8M
24 Inscription Capital, LLC 0.06% 6,610 $529K
25 Principal Securities, INC. 0.04% 31,598 $2.5M
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 (FDMO)

What does the Smart Money Trend signal show for FDMO?

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

More buyers than sellers — 68% buying: Last quarter: 62 funds were net buyers (19 opened a brand new position + 43 added to an existing one). Only 29 were sellers (18 trimmed + 11 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for FDMO holders?

Elite ownership — 73% AUM from top-100 funds: 12 of 95 holders are among the 100 largest funds by AUM, controlling 73% of total institutional value in FDMO. 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 FDMO?

40% of holders stayed for 2+ years: 38 out of 95 hedge funds have held FDMO 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 (FDMO) following the 2026 Q1 hedge fund 13F filings?

As of today, FDMO has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.2% for the SPY sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), FDMO has gained nan% vs +13.9% 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.

Full history →