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

508 + Investors. Track Smart Money conviction in FDVV. 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
↑ +25
Streak
11Q ▲
Buyers last Q
61%

Smart Money Signals — FDVV

Based on 513 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 11 quarters in a row

last 6Q
For 11 consecutive quarters, more hedge funds added FDVV 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
513 hedge funds hold FDVV 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 — +40% more funds vs a year ago

fund count last 6Q
+146 new funds entered over the past year (+40% 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 — 61% buying

294 buying185 selling
Last quarter: 294 funds were net buyers (66 opened a brand new position + 228 added to an existing one). Only 185 were sellers (144 trimmed + 41 sold completely). A clear majority buying is a strong confirmation signal.
⚠️

Fewer new buyers each quarter (-12 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 52 → 78 → 78 → 66. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
📌

Mixed — 37% long-term, 30% new

37% conviction (2yr+) 34% medium 30% new
Of the 513 current holders: 188 (37%) held >2 years, 173 held 1–2 years, and 152 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.
📈

Growing discovery — still being found

59 → 52 → 78 → 78 → 66 new funds/Q
New funds entering each quarter: 52 → 78 → 78 → 66. A growing number of institutions are discovering FDVV each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
📊

Mixed cohorts — 38% veterans, 39% new entrants

38% veterans 23% 1-2yr 39% new
Of 516 current holders: 195 (38%) held 2+ years, 120 held 1–2 years, 201 (39%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.

Strong quality — 34% AUM from major funds

34% from top-100 AUM funds
26 of 512 holders rank in the top 100 by AUM, accounting for 34% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.2
out of 10
Moderate Exit Risk
Exit risk score 4.2/10 — 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 — FDVV

In 2026 Q2, 294 hedge funds were net buyers of FDVV (66 opened a new position, 228 added to an existing one), while 185 reduced or exited (144 trimmed, 41 sold completely) — a 61% buyer ratio, indicating clear institutional accumulation. This marks 11 consecutive quarters of net institutional buying — a persistent conviction signal. 34% of total institutional value in FDVV is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +25 funds (more new holders than closures). Total institutional holders: 513.

Hedge Fund Ownership: FDVV

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

Market Analysis: FDVV

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FDVV

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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.

13 top-rated funds 25 high-conviction
Consensus
5.0
/ 10
breadth
×
Elite
4.0
/ 10
conviction
Hedge Fund Positioning: FDVV
508 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 508 488 4.1%
13F Shares 66M 64M 3.29%
Total Value $3.90B $3.46B 12.82%
New Positions 66 78 -12
Increased Positions 225 248 -23
Closed Positions 45 38 +7
Reduced Positions 142 110 +32
Total Calls 2 2 -
Total Puts 1 2 -50.0%
PUT/CALL Ratio 0.5 1.0 Bullish

Statistics: FDVV

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Institutional Holders (2026 Q2)

508 + investors

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

QUARTER:
Top 25 FDVV holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Clark Wealth Partners 8.14% 239,160 $14.4M
2 Childress Capital Advisors, LLC 6.53% 661,037 $39.9M
3 Investment Advisory Services Group LLC 5.92% 134,161 $8.1M
4 BG Investment Services, LLC 5.46% 125,837 $7.6M
5 Carbahal Olsen Financial Services Group, LLC 5.46% 130,417 $7.9M
6 High Point Wealth Management, LLC 5.35% 108,405 $6.5M
7 Cyr Financial Inc. 5.27% 167,830 $10.1M
8 Fullerton Advisors, LLC 4.97% 88,084 $5.3M
9 Valued Retirements, Inc. 4.86% 89,794 $5.4M
10 Cornerstone Wealth, LLC/TN 4.68% 148,659 $9.3M
11 Lakeridge Wealth Management LLC 4.57% 206,657 $12.5M
12 Regimen Wealth, LLC 4.53% 278,629 $16.8M
13 Retirement Planning Group, LLC 4.33% 2,823,822 $170.2M
14 Milestone Investment Advisors LLC 4.23% 324,499 $19.6M
15 Flagship Wealth Advisors, LLC 4.20% 310,950 $18.7M
16 Victory Financial Group, LLC 4.05% 640,420 $38.6M
17 Base Wealth Management LLC 3.98% 141,941 $8.6M
18 Sculati Wealth Management, LLC 3.86% 186,220 $11.6M
19 Marshall & Sterling Wealth Advisors Inc. 3.85% 107,749 $6.5M
20 Woodard & Co Asset Management Group Inc /Adv 3.77% 433,835 $26.2M
21 Independence Financial Advisors, LLC 3.57% 227,992 $13.7M
22 Rooted Wealth Advisors, Inc. 3.47% 235,327 $14.2M
23 Prentice Wealth Management LLC 3.03% 243,752 $14.7M
24 Powers Advisory Group, LLC 2.95% 156,160 $9.4M
25 New Insight Wealth Advisors 2.62% 147,453 $8.9M
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 (FDVV)

What does the Smart Money Trend signal show for FDVV?

Buying streak — 11 quarters in a row: For 11 consecutive quarters, more hedge funds added FDVV 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 FDVV?

More buyers than sellers — 61% buying: Last quarter: 294 funds were net buyers (66 opened a brand new position + 228 added to an existing one). Only 185 were sellers (144 trimmed + 41 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for FDVV holders?

Strong quality — 34% AUM from major funds: 26 of 512 holders rank in the top 100 by AUM, accounting for 34% 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 FDVV?

Mixed — 37% long-term, 30% new: Of the 513 current holders: 188 (37%) held >2 years, 173 held 1–2 years, and 152 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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