Fidelity Covington Trust (FFLC): Hedge Fund Ownership & Smart Money Signals (Q1 2026)

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

As of today, FFLC has moved +2.5% since the 2026 Q1 13F filing date (May 15, 2026), compared to +2.0% for the SPY sector ETF — an outperformance of +0.5%. Since the quarter end (March 31, 2026), FFLC gained +15.7% vs +15.9% 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.

Fidelity Covington Trust (FFLC)

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

Smart Money Signals — FFLC

Based on 105 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 10 quarters in a row

last 6Q

For 10 consecutive quarters, more hedge funds added FFLC 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

105 hedge funds hold FFLC 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 — +36% more funds vs a year ago

fund count last 6Q

+28 new funds entered over the past year (+36% 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 — 60% buying

68 buying46 selling

Last quarter: 68 funds were net buyers (25 opened a brand new position + 43 added to an existing one). Only 46 were sellers (30 trimmed + 16 sold completely). A clear majority buying is a strong confirmation signal.

📈

More new buyers each quarter (+9 vs last Q)

new funds entering per quarter

Funds opening a new FFLC position: 16 → 19 → 16 → 25. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

🔄

Mostly new holders — 41% entered in last year

■ 20% conviction (2yr+) ■ 39% medium ■ 41% new

Only 21 funds (20%) 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.

📈

Growing discovery — still being found

22 → 16 → 19 → 16 → 25 new funds/Q

New funds entering each quarter: 16 → 19 → 16 → 25. A growing number of institutions are discovering FFLC each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.

🌱

Early stage — 55% of holders entered in last year

■ 17% veterans ■ 28% 1-2yr ■ 55% new

Of 105 current holders: 58 (55%) entered in the past year, only 18 (17%) 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.

✅

Strong quality — 20% AUM from major funds

20% from top-100 AUM funds

11 of 105 holders rank in the top 100 by AUM, accounting for 20% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

4.5

out of 10

Moderate Exit Risk

Exit risk score 4.5/10 — 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.

Metric	All 13F Filers (2026 Q1)	Prior (2025 Q4)	Change
Funds Holding	105	96	9.38%
13F Shares	10M	9M	11.04%
Total Value	$487M	$464M	5.0%
New Positions	25	16	+9
Increased Positions	43	47	-4
Closed Positions	16	9	+7
Reduced Positions	30	21	+9
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

105

9.38%

13F Shares

10M

11.04%

Total Value

$487M

$464M

5.0%

New Positions

Increased Positions

-4

Closed Positions

Reduced Positions

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q1)

105 + investors

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

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 FFLC holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Socha Financial Group, LLC	15.25%	586,099	$30.1M
2	Dahring \| Cusmano LLC	9.35%	296,584	$15.2M
3	Dedeker Financial LLC	5.31%	118,819	$6.1M
4	Fiduciary Planning LLC	4.16%	268,619	$13.8M
5	Prasad Wealth Partners, LLC	3.65%	261,460	$13.4M
6	Tactive Advisors, LLC	3.44%	237,650	$12.2M
7	Novem Group	2.67%	454,573	$23.3M
8	Core Wealth Advisors, LLC	2.24%	56,916	$2.9M
9	Anson Capital, Inc.	1.95%	55,605	$2.9M
10	RFG - Bristol Wealth Advisors, LLC	1.92%	138,593	$7.1M
11	Kane Investment Management, INC.	0.87%	32,795	$1.7M
12	Onyx Bridge Wealth Group LLC	0.77%	139,309	$7.1M
13	Mascagni Wealth Management, Inc.	0.64%	17,408	$893K
14	New Covenant Trust Company, N.A.	0.55%	11,965	$614K
15	Barnes Wealth Management Group, Inc	0.52%	19,850	$1.0M
16	Insigneo Advisory Services, LLC	0.46%	125,235	$6.4M
17	Westco Advisory Services Inc /Adv	0.39%	11,964	$614K
18	Elm3 Financial Group, LLC	0.39%	9,081	$466K
19	Flagship Wealth Advisors, LLC	0.39%	18,483	$903K
20	Nations Financial Group Inc, /Ia/ /Adv	0.36%	135,846	$7.0M
21	Atlas Private Wealth Advisors	0.17%	13,705	$703K
22	Patriot Financial Group Insurance Agency, LLC	0.16%	53,764	$2.8M
23	Uptick Partners, LLC	0.14%	13,484	$692K
24	Sandhill Capital Partners LLC	0.14%	30,772	$1.6M
25	Founders Financial Securities LLC	0.12%	35,446	$1.9M

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 (FFLC)

What does the Smart Money Trend signal show for FFLC?

Buying streak — 10 quarters in a row: For 10 consecutive quarters, more hedge funds added FFLC 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 FFLC?

More buyers than sellers — 60% buying: Last quarter: 68 funds were net buyers (25 opened a brand new position + 43 added to an existing one). Only 46 were sellers (30 trimmed + 16 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for FFLC holders?

Strong quality — 20% AUM from major funds: 11 of 105 holders rank in the top 100 by AUM, accounting for 20% 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 FFLC?

Mostly new holders — 41% entered in last year: Only 21 funds (20%) 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 (FFLC) following the 2026 Q1 hedge fund 13F filings?

As of today, FFLC has moved +2.5% since the 2026 Q1 13F filing date (May 15, 2026), compared to +2.0% for the SPY sector ETF — an outperformance of +0.5%. Since the quarter end (March 31, 2026), FFLC has gained +15.7% vs +15.9% 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.

Market Cap	--
Enterprise Value	--
Trailing P/E	--
Forward P/E	--
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	--

Profit Margin	--
Return on Assets (ttm)	--
Return on Equity (ttm)	--

Revenue (ttm)	--
Net Income Avi to Common (ttm)	--
Diluted EPS (ttm)	--
Total Cash (mrq)	--
Total Debt/Equity (mrq)	--
Levered Free Cash Flow (ttm)	--

Fidelity Covington Trust (FFLC)

Smart Money Signals — FFLC

Buying streak — 10 quarters in a row

At the ownership peak (100% of max)

Fast accumulation — +36% more funds vs a year ago

More buyers than sellers — 60% buying

More new buyers each quarter (+9 vs last Q)

Mostly new holders — 41% entered in last year

Growing discovery — still being found

Early stage — 55% of holders entered in last year

Strong quality — 20% AUM from major funds

Institutional Sentiment Summary — FFLC

Hedge Fund Ownership: FFLC

Market Analysis: FFLC

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: FFLC

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

Hedge Fund Positioning: FFLC

Statistics: FFLC

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — Fidelity Covington Trust (FFLC)

Welcome to 13Foresight!