Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Fidelity Covington Trust (FEMR)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +8
Streak
5Q ▲
Buyers last Q
78%

Smart Money Signals — FEMR

Based on 19 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 5 quarters in a row

last 5Q
For 5 consecutive quarters, more hedge funds added FEMR 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
19 hedge funds hold FEMR right now — the highest count in 1.5 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 — +375% more funds vs a year ago

fund count last 6Q
+15 new funds entered over the past year (+375% 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 — 78% buying

14 buying4 selling
Last quarter: 14 funds were net buyers (9 opened a brand new position + 5 added to an existing one). Only 4 were sellers (3 trimmed + 1 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+7 vs last Q)

new funds entering per quarter
Funds opening a new FEMR position: 6 → 3 → 2 → 9. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔄

Mostly new holders — 63% entered in last year

■ 0% conviction (2yr+) ■ 37% medium ■ 63% new
Only 0 funds (0%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
➡️

Steady discovery — ~9 new funds/quarter

2 → 6 → 3 → 2 → 9 new funds/Q
New funds entering each quarter: 6 → 3 → 2 → 9. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🌱

Early stage — 89% of holders entered in last year

■ 0% veterans ■ 11% 1-2yr ■ 89% new
Of 19 current holders: 17 (89%) entered in the past year, only 0 (0%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.
📋

Smaller funds dominant — 8% AUM from top-100

8% from top-100 AUM funds
4 of 19 holders rank in the top 100 by AUM, but together hold only 8% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
6.6
out of 10
Moderate Exit Risk
Exit risk score 6.6/10 — 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 — FEMR

In 2026 Q1, 14 hedge funds were net buyers of FEMR (9 opened a new position, 5 added to an existing one), while 4 reduced or exited (3 trimmed, 1 sold completely) — a 78% buyer ratio, indicating clear institutional accumulation. This marks 5 consecutive quarters of net institutional buying — a persistent conviction signal. Net fund flow last quarter: +8 funds (more new holders than closures). Total institutional holders: 19.

Hedge Fund Ownership: FEMR

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

Market Analysis: FEMR

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FEMR

-- --

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

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

Signal Freshness measures how much FEMR 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 · 82d ago
FEMR
+28.1%
SPY
+15.1%

FEMR outperformed SPY by +13.0% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 37d ago
FEMR
+9.2%
SPY
+1.3%

Since the filing became public, FEMR outperformed SPY by +7.9% .

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.

1 top-rated funds 1 high-conviction
Consensus
1.3
/ 10
breadth
×
Elite
1.8
/ 10
conviction
Hedge Fund Positioning: FEMR
19 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 19 11 72.73%
13F Shares 2M 1M 51.26%
Total Value $61M $39M 57.5%
New Positions 9 2 +7
Increased Positions 5 4 +1
Closed Positions 1 1 -
Reduced Positions 3 3 -
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FEMR

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Financial Highlights

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Institutional Holders (2026 Q1)

19 + investors

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

QUARTER:
Top 19 FEMR holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 SK Wealth Management, LLC 1.96% 203,101 $7.1M
2 InTrack Investment Management Inc 1.60% 82,156 $2.8M
3 FWG Holdings, LLC 1.52% 115,818 $4.0M
4 MFA Wealth Services 0.81% 35,666 $1.2M
5 Elm3 Financial Group, LLC 0.53% 18,422 $629K
6 Pathfinder Wealth Consulting, Inc. 0.37% 16,658 $569K
7 Element Wealth, LLC 0.25% 17,767 $607K
8 1015 Capital Partners, LLC 0.12% 3,796 $124K
9 Founders Financial Securities LLC 0.06% 26,487 $969K
10 Financial Strategies Group, Inc. 0.05% 7,715 $297K
11 Commonwealth Equity Services, LLC 0.05% 1,040,714 $35.5M
12 Canvas Wealth Advisors, LLC 0.05% 7,814 $267K
13 EverSource Wealth Advisors, LLC 0.03% 18,183 $1.1M
14 Old Mission Capital LLC 0.02% 27,948 $954K
15 Noble Wealth Management PBC 0.00% 150 $5K
16 Citadel Advisors LLC 0.00% 75,693 $2.6M
17 Jane Street Group, LLC 0.00% 63,755 $2.2M
18 Morgan Stanley 0.00% 100 $3K
19 Fmr LLC 0.00% 48 $2K
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 (FEMR)

What does the Smart Money Trend signal show for FEMR?

Buying streak — 5 quarters in a row: For 5 consecutive quarters, more hedge funds added FEMR 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 FEMR?

More buyers than sellers — 78% buying: Last quarter: 14 funds were net buyers (9 opened a brand new position + 5 added to an existing one). Only 4 were sellers (3 trimmed + 1 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for FEMR holders?

Smaller funds dominant — 8% AUM from top-100: 4 of 19 holders rank in the top 100 by AUM, but together hold only 8% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held FEMR?

Mostly new holders — 63% entered in last year: Only 0 funds (0%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

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

As of today, FEMR has moved +9.2% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.3% for the SPY sector ETF — an outperformance of +7.9%. Since the quarter end (March 31, 2026), FEMR has gained +28.1% vs +15.1% 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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