Fidelity Covington Trust (FFLC) Hedge Fund Ownership (Q2 2026)

Q: Is it too late to buy Fidelity Covington Trust (FFLC) following the 2026 Q2 hedge fund 13F filings?

As of today, FFLC has moved -2.5% since the 2026 Q2 13F filing date (August 14, 2026), compared to -1.4% for the SPY sector ETF — an outperformance of -1.1%. Since the quarter end (June 30, 2026), FFLC gained +0.7% vs -2.0% 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)

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

Smart Money Signals — FFLC

Based on 118 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 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

118 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 — +46% more funds vs a year ago

fund count last 6Q

+37 new funds entered over the past year (+46% 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

84 buying38 selling

Last quarter: 84 funds were net buyers (29 opened a brand new position + 55 added to an existing one). Only 38 were sellers (21 trimmed + 17 sold completely). A clear majority buying is a strong confirmation signal.

➡️

Steady new buyers — ~29 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 19 → 16 → 25 → 29. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

🔄

Mostly new holders — 38% entered in last year

■ 22% conviction (2yr+) ■ 40% medium ■ 38% new

Only 26 funds (22%) 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.

💰

Value +25% but shares only +8% — price-driven

Value

+25%

+7%

Last quarter: the total dollar value of institutional holdings rose +25%, but actual share count only changed +8%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.

🚀

Acceleration phase — new buyers rushing in

16 → 19 → 16 → 25 → 29 new funds/Q

New funds entering each quarter: 19 → 16 → 25 → 29. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.

📊

Mixed cohorts — 19% veterans, 52% new entrants

■ 19% veterans ■ 30% 1-2yr ■ 52% new

Of 118 current holders: 22 (19%) held 2+ years, 35 held 1–2 years, 61 (52%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.

📋

Smaller funds dominant — 19% AUM from top-100

19% from top-100 AUM funds

11 of 117 holders rank in the top 100 by AUM, but together hold only 19% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

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 Q2)	Prior (2026 Q1)	Change
Funds Holding	117	106	10.38%
13F Shares	10M	10M	7.8%
Total Value	$611M	$488M	25.24%
New Positions	29	25	+4
Increased Positions	55	43	+12
Closed Positions	17	15	+2
Reduced Positions	21	31	-10
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2026 Q2)

Prior (2026 Q1)

Change

Funds Holding

117

106

10.38%

13F Shares

10M

7.8%

Total Value

$611M

$488M

25.24%

New Positions

Increased Positions

+12

Closed Positions

Reduced Positions

-10

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q2)

117 + 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 Q2 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Socha Financial Group, LLC	14.57%	607,941	$35.8M
2	Dahring \| Cusmano LLC	9.48%	305,028	$18.0M
3	CMC Financial Group	9.21%	80,681	$4.8M
4	Schorn Wealth LLC	4.34%	281,873	$16.6M
5	Tactive Advisors, LLC	4.07%	280,301	$16.5M
6	Prasad Wealth Partners, LLC	3.68%	259,366	$15.3M
7	Dedeker Financial LLC	3.66%	109,171	$6.4M
8	Novem Group	2.77%	465,338	$27.4M
9	Core Wealth Advisors, LLC	2.65%	61,021	$3.6M
10	Anson Capital, Inc.	2.08%	54,291	$3.2M
11	RFG - Bristol Wealth Advisors, LLC	2.02%	142,145	$8.4M
12	Beaumont Financial Advisors, LLC	1.39%	371,527	$21.9M
13	Onyx Bridge Wealth Group LLC	0.87%	163,631	$9.6M
14	Kane Investment Management, INC.	0.83%	32,909	$1.9M
15	Mascagni Wealth Management, Inc.	0.69%	18,920	$1.1M
16	Barnes Wealth Management Group, Inc	0.61%	22,491	$1.3M
17	New Covenant Trust Company, N.A.	0.52%	11,777	$694K
18	Westco Advisory Services Inc /Adv	0.42%	11,764	$693K
19	Insigneo Advisory Services, LLC	0.41%	184,959	$10.9M
20	Smith Shellnut Wilson LLC /Adv	0.40%	19,556	$1.0M
21	Nations Financial Group Inc, /Ia/ /Adv	0.39%	136,892	$8.1M
22	Sandhill Capital Partners LLC	0.37%	76,760	$4.5M
23	Elm3 Financial Group, LLC	0.36%	8,882	$523K
24	Flagship Wealth Advisors, LLC	0.31%	23,224	$1.4M
25	Thompson David Blair	0.24%	8,128	$417K

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 — 11 quarters in a row: For 11 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 — 69% buying: Last quarter: 84 funds were net buyers (29 opened a brand new position + 55 added to an existing one). Only 38 were sellers (21 trimmed + 17 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for FFLC holders?

Smaller funds dominant — 19% AUM from top-100: 11 of 117 holders rank in the top 100 by AUM, but together hold only 19% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held FFLC?

Mostly new holders — 38% entered in last year: Only 26 funds (22%) 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 Q2 hedge fund 13F filings?

As of today, FFLC has moved -2.5% since the 2026 Q2 13F filing date (August 14, 2026), compared to -1.4% for the SPY sector ETF — an outperformance of -1.1%. Since the quarter end (June 30, 2026), FFLC has gained +0.7% vs -2.0% 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.

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Fidelity Covington Trust (FFLC)

Smart Money Signals — FFLC

Buying streak — 11 quarters in a row

At the ownership peak (100% of max)

Fast accumulation — +46% more funds vs a year ago

More buyers than sellers — 69% buying

Steady new buyers — ~29 new funds per quarter

Mostly new holders — 38% entered in last year

Value +25% but shares only +8% — price-driven

Acceleration phase — new buyers rushing in

Mixed cohorts — 19% veterans, 52% new entrants

Smaller funds dominant — 19% AUM from top-100

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 Q2)

Frequently Asked Questions — Fidelity Covington Trust (FFLC)

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