Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Fidelity Covington Trust (FDVV)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +40
Streak
11Q ▲
Buyers last Q
69%

Smart Money Signals — FDVV

Based on 487 hedge funds · latest filing: 2026 Q1 · 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
487 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 — +45% more funds vs a year ago

fund count last 6Q
+151 new funds entered over the past year (+45% 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 — 69% buying

326 buying148 selling
Last quarter: 326 funds were net buyers (77 opened a brand new position + 249 added to an existing one). Only 148 were sellers (111 trimmed + 37 sold completely). A clear majority buying is a strong confirmation signal.
➡️

Steady new buyers — ~77 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 58 → 52 → 78 → 77. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
📌

Mixed — 35% long-term, 31% new

■ 35% conviction (2yr+) ■ 34% medium ■ 31% new
Of the 487 current holders: 170 (35%) held >2 years, 165 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

62 → 58 → 52 → 78 → 77 new funds/Q
New funds entering each quarter: 58 → 52 → 78 → 77. A growing number of institutions are discovering FDVV each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
📊

Mixed cohorts — 35% veterans, 43% new entrants

■ 35% veterans ■ 22% 1-2yr ■ 43% new
Of 490 current holders: 170 (35%) held 2+ years, 109 held 1–2 years, 211 (43%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
✅

Strong quality — 31% AUM from major funds

31% from top-100 AUM funds
26 of 487 holders rank in the top 100 by AUM, accounting for 31% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.3
out of 10
Moderate Exit Risk
Exit risk score 4.3/10 — 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 Q1, 326 hedge funds were net buyers of FDVV (77 opened a new position, 249 added to an existing one), while 148 reduced or exited (111 trimmed, 37 sold completely) — a 69% buyer ratio, indicating clear institutional accumulation. This marks 11 consecutive quarters of net institutional buying — a persistent conviction signal. 31% of total institutional value in FDVV is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +40 funds (more new holders than closures). Total institutional holders: 487.

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

-- --

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

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

Signal Freshness measures how much FDVV 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 · 75d ago
FDVV
+11.3%
SPY
+14.1%

FDVV outperformed SPY by -2.8% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 30d ago
FDVV
+3.7%
SPY
+0.3%

Since the filing became public, FDVV outperformed SPY by +3.4% .

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.

17 top-rated funds 24 high-conviction
Consensus
5.5
/ 10
breadth
×
Elite
4.2
/ 10
conviction
Hedge Fund Positioning: FDVV
482 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 482 447 7.83%
13F Shares 64M 56M 14.76%
Total Value $3.44B $3.16B 8.92%
New Positions 76 78 -2
Increased Positions 246 243 +3
Closed Positions 41 30 +11
Reduced Positions 108 72 +36
Total Calls 2 1 100.0%
Total Puts 2 0 100%
PUT/CALL Ratio 1.0 0.0 Neutral

Statistics: FDVV

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Institutional Holders (2026 Q1)

482 + 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 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Landing Point Financial Group, LLC 13.30% 496,157 $27.4M
2 Clark Wealth Partners 9.87% 266,114 $14.7M
3 Lakeridge Wealth Management LLC 8.50% 357,902 $19.8M
4 Cornerstone Wealth, LLC/TN 6.73% 203,646 $12.0M
5 Childress Capital Advisors, LLC 6.53% 656,040 $36.2M
6 Investment Advisory Services Group LLC 6.12% 127,308 $7.0M
7 High Point Wealth Management, LLC 5.77% 108,147 $6.0M
8 Carbahal Olsen Financial Services Group, LLC 5.70% 129,048 $7.1M
9 BG Investment Services, LLC 5.16% 112,559 $6.2M
10 Cyr Financial Inc. 5.08% 156,329 $8.6M
11 Independence Financial Advisors, LLC 5.05% 304,360 $16.8M
12 Fullerton Advisors, LLC 5.02% 87,723 $4.8M
13 Valued Retirements, Inc. 4.82% 89,225 $4.9M
14 Regimen Wealth, LLC 4.41% 273,397 $15.1M
15 Milestone Investment Advisors LLC 4.35% 326,052 $18.0M
16 Retirement Planning Group, LLC 4.33% 2,532,542 $139.9M
17 Base Wealth Management LLC 4.24% 137,159 $7.6M
18 Woodard & Co Asset Management Group Inc /Adv 3.86% 437,123 $24.1M
19 Marshall & Sterling Wealth Advisors Inc. 3.81% 105,300 $5.8M
20 Flagship Wealth Advisors, LLC 3.78% 169,118 $8.8M
21 Sculati Wealth Management, LLC 3.77% 185,120 $10.2M
22 Victory Financial Group, LLC 3.72% 548,990 $30.3M
23 Baer Investment Advisory LLC 3.72% 548,990 $30.3M
24 Rooted Wealth Advisors, Inc. 3.50% 224,650 $13.3M
25 McIlrath & Eck, LLC 3.02% 736,989 $40.7M
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 — 69% buying: Last quarter: 326 funds were net buyers (77 opened a brand new position + 249 added to an existing one). Only 148 were sellers (111 trimmed + 37 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for FDVV holders?

Strong quality — 31% AUM from major funds: 26 of 487 holders rank in the top 100 by AUM, accounting for 31% 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 — 35% long-term, 31% new: Of the 487 current holders: 170 (35%) held >2 years, 165 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.

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

As of today, FDVV has moved +3.7% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.3% for the SPY sector ETF — an outperformance of +3.4%. Since the quarter end (March 31, 2026), FDVV has gained +11.3% vs +14.1% 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.

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