Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

FIDELITY COVINGTON TRUST (FELV)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +4
Streak
9Q ▲
Buyers last Q
67%

Smart Money Signals — FELV

Based on 138 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 9 quarters in a row

last 6Q
For 9 consecutive quarters, more hedge funds added FELV 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
138 hedge funds hold FELV 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 — +27% more funds vs a year ago

fund count last 6Q
+29 new funds entered over the past year (+27% 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

92 buying45 selling
Last quarter: 92 funds were net buyers (29 opened a brand new position + 63 added to an existing one). Only 45 were sellers (20 trimmed + 25 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+8 vs last Q)

new funds entering per quarter
Funds opening a new FELV position: 17 → 21 → 21 → 29. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
📌

Mixed — 33% long-term, 32% new

■ 33% conviction (2yr+) ■ 36% medium ■ 32% new
Of the 138 current holders: 45 (33%) held >2 years, 49 held 1–2 years, and 44 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

25 → 17 → 21 → 21 → 29 new funds/Q
New funds entering each quarter: 17 → 21 → 21 → 29. A growing number of institutions are discovering FELV each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
📊

Mixed cohorts — 1% veterans, 46% new entrants

■ 1% veterans ■ 53% 1-2yr ■ 46% new
Of 138 current holders: 2 (1%) held 2+ years, 73 held 1–2 years, 63 (46%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
🏆

Elite ownership — 64% AUM from top-100 funds

64% from top-100 AUM funds
11 of 138 holders are among the 100 largest funds by AUM, controlling 64% of total institutional value in FELV. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.1
out of 10
Moderate Exit Risk
Exit risk score 4.1/10 — 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.

Hedge Fund Ownership: FELV

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

Market Analysis: FELV

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FELV

-- --
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

12 top-rated funds 3 high-conviction
Consensus
4.8
/ 10
breadth
×
Elite
2.6
/ 10
conviction
Hedge Fund Positioning: FELV
2026 Q1 Stats Unlock in 18 days 138 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 138 134 2.99%
13F Shares 22M 21M 6.58%
Total Value $845M $705M 19.77%
New Positions 29 21 +8
Increased Positions 63 60 +3
Closed Positions 25 15 +10
Reduced Positions 20 27 -7
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FELV

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Valuation Measures Data as of: --

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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) --
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Institutional Holders (2026 Q1)

138 + investors

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

Top 25 institutional holders of FELV — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Sowa Financial Group, Inc. 11.21% 648,222 $22.6M
2 Independence Financial Advisors, LLC 10.41% 993,502 $34.7M
3 FCG Investment Co 3.28% 214,137 $7.5M
4 Pathfinder Wealth Consulting, Inc. 2.65% 117,328 $4.1M
5 Weil Company, Inc. 1.90% 242,032 $8.4M
6 Bestgate Wealth Advisors, LLC 0.68% 10,850 $379K
7 Harbor Asset Planning, Inc. 0.60% 20,595 $719K
8 Ball & Co Wealth Management Inc. 0.59% 20,321 —
9 VESTIA PERSONAL WEALTH ADVISORS 0.55% 33,713 $1.2M
10 Roxbury Financial LLC 0.35% 11,004 $384K
11 Investment Advisory Group, LLC 0.32% 35,782 $1.2M
12 North Capital, Inc. 0.26% 8,850 $302K
13 FMA Wealth Management, LLC 0.16% 7,052 $246K
14 J.W. COLE ADVISORS, INC. 0.16% 138,046 $4.8M
15 FORONJY FINANCIAL LLC 0.12% 8,528 $298K
16 SUMMIT WEALTH GROUP LLC / CO 0.12% 31,362 $1.1M
17 JAMES INVESTMENT RESEARCH, INC. 0.11% 28,993 $1.0M
18 WARNER FINANCIAL, INC 0.11% 9,016 $315K
19 CRA Financial Services, LLC 0.10% 22,886 $799K
20 COMMONWEALTH EQUITY SERVICES, LLC 0.10% 2,004,903 $70.0M
21 Essex Financial Services, Inc. 0.09% 46,275 $1.6M
22 Outlook Wealth Advisors, LLC 0.07% 7,917 $276K
23 Grey Ledge Advisors, LLC 0.06% 7,540 $263K
24 TBH Global Asset Management, LLC 0.06% 8,191 $286K
25 Centurion Wealth Management LLC 0.06% 7,290 $254K
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 (FELV)

What does the Smart Money Trend signal show for FELV?

Buying streak — 9 quarters in a row: For 9 consecutive quarters, more hedge funds added FELV 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 FELV?

More buyers than sellers — 67% buying: Last quarter: 92 funds were net buyers (29 opened a brand new position + 63 added to an existing one). Only 45 were sellers (20 trimmed + 25 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for FELV holders?

Elite ownership — 64% AUM from top-100 funds: 11 of 138 holders are among the 100 largest funds by AUM, controlling 64% of total institutional value in FELV. 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 FELV?

Mixed — 33% long-term, 32% new: Of the 138 current holders: 45 (33%) held >2 years, 49 held 1–2 years, and 44 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.