Stock Analysis
Data Source: SEC EDGAR 13F
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Fidelity Covington Trust (FDMO)

118 + Investors. Track Smart Money conviction in FDMO. 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
↑ +24
Streak
7Q ▲
Buyers last Q
67%

Smart Money Signals — FDMO

Based on 119 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 7 quarters in a row

last 6Q
For 7 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
119 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 — +61% more funds vs a year ago

fund count last 6Q
+45 new funds entered over the past year (+61% 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 — 67% buying

69 buying34 selling
Last quarter: 69 funds were net buyers (31 opened a brand new position + 38 added to an existing one). Only 34 were sellers (27 trimmed + 7 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+12 vs last Q)

new funds entering per quarter
Funds opening a new FDMO position: 20 → 22 → 19 → 31. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
📌

Mixed — 35% long-term, 40% new

35% conviction (2yr+) 24% medium 40% new
Of the 119 current holders: 42 (35%) held >2 years, 29 held 1–2 years, and 48 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.
💰

Value +33% but shares only +8% — price-driven

Value
+32%
Shares
+7%
Last quarter: the total dollar value of institutional holdings rose +33%, but actual share count only changed +8%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
📈

Growing discovery — still being found

18 → 20 → 22 → 19 → 31 new funds/Q
New funds entering each quarter: 20 → 22 → 19 → 31. A growing number of institutions are discovering FDMO each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 40% veterans vs 47% newcomers

40% veterans 13% 1-2yr 47% new
Entry-cohort mix of 119 holders: 48 (40%) are 2+ year veterans, 15 entered 1–2 years ago, and 56 (47%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 67% AUM from top-100 funds

67% from top-100 AUM funds
18 of 119 holders are among the 100 largest funds by AUM, controlling 67% 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.
4.7
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 — FDMO

In 2026 Q2, 69 hedge funds were net buyers of FDMO (31 opened a new position, 38 added to an existing one), while 34 reduced or exited (27 trimmed, 7 sold completely) — a 67% buyer ratio, indicating clear institutional accumulation. This marks 7 consecutive quarters of net institutional buying — a persistent conviction signal. 67% of total institutional value in FDMO is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +24 funds (more new holders than closures). Total institutional holders: 119.

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

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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.

2 top-rated funds 1 high-conviction
Consensus
2.1
/ 10
breadth
×
Elite
2.1
/ 10
conviction
Hedge Fund Positioning: FDMO
118 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 118 95 24.21%
13F Shares 7M 7M 7.38%
Total Value $698M $527M 32.58%
New Positions 31 19 +12
Increased Positions 38 43 -5
Closed Positions 8 12 -4
Reduced Positions 27 18 +9
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FDMO

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Institutional Holders (2026 Q2)

118 + 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 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Elevation Capital Advisory, LLC 4.85% 127,358 $12.6M
2 Mosley Wealth Management 2.73% 87,063 $8.6M
3 Nova Wealth Management, Inc. 2.12% 39,016 $3.8M
4 Advisortrust Partners, LLC 1.75% 51,975 $5.1M
5 Marks Group Wealth Management, Inc 1.48% 172,437 $17.0M
6 Portfolio Strategies, Inc. 1.45% 150,137 $14.8M
7 Great Lakes Retirement, Inc. 1.20% 137,003 $13.5M
8 Midwest Financial Network, LLC 0.79% 11,681 $1.2M
9 First Heartland Consultants, Inc. 0.54% 83,981 $8.3M
10 RCS Financial Planning, LLC 0.37% 7,983 $787K
11 Bryant Woods Investment Advisors, LLC 0.33% 11,942 $1.2M
12 Worth Asset Management, LLC 0.26% 8,303 $818K
13 Strategic Blueprint, LLC 0.22% 44,403 $4.4M
14 Stonehearth Capital Management, LLC 0.21% 6,326 $624K
15 Westbourne Investments, INC. 0.20% 4,913 $484K
16 Keystone Wealth Services, LLC 0.14% 7,460 $735K
17 Madison Wealth Partners, Inc 0.14% 10,787 $1.1M
18 Calton & Associates, INC. 0.13% 9,272 $914K
19 Darwin Wealth Management, LLC 0.12% 4,339 $428K
20 Silver Oak Securities, Incorporated 0.10% 15,909 $1.6M
21 ShoreHaven Wealth Partners, LLC 0.09% 2,778 $274K
22 High Point Wealth Management, LLC 0.08% 1,021 $101K
23 Twin Peaks Wealth Advisors, LLC 0.08% 3,670 $362K
24 Rehmann Capital Advisory Group 0.08% 17,154 $1.7M
25 Kestra Private Wealth Services, LLC 0.07% 68,792 $6.8M
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 — 7 quarters in a row: For 7 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 — 67% buying: Last quarter: 69 funds were net buyers (31 opened a brand new position + 38 added to an existing one). Only 34 were sellers (27 trimmed + 7 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for FDMO holders?

Elite ownership — 67% AUM from top-100 funds: 18 of 119 holders are among the 100 largest funds by AUM, controlling 67% 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?

Mixed — 35% long-term, 40% new: Of the 119 current holders: 42 (35%) held >2 years, 29 held 1–2 years, and 48 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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