Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Fidelity Covington Trust (FFLG)

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

Fetching live quote...
Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +2
Streak
3Q ▲
Buyers last Q
53%

Smart Money Signals — FFLG

Based on 57 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds added FFLG 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
57 hedge funds hold FFLG 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.
📶

Steady growth — +12% more funds vs a year ago

fund count last 6Q
+6 new funds entered over the past year (+12% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 53% buying

28 buying25 selling
Last quarter: 28 funds bought or added vs 25 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~8 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 7 → 9 → 11 → 8. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

42% of holders stayed for 2+ years

42% conviction (2yr+) 32% medium 26% new
24 out of 57 hedge funds have held FFLG for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~8 new funds/quarter

11 → 7 → 9 → 11 → 8 new funds/Q
New funds entering each quarter: 7 → 9 → 11 → 8. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 40% veterans vs 40% newcomers

40% veterans 19% 1-2yr 40% new
Entry-cohort mix of 57 holders: 23 (40%) are 2+ year veterans, 11 entered 1–2 years ago, and 23 (40%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 15% AUM from top-100

15% from top-100 AUM funds
8 of 57 holders rank in the top 100 by AUM, but together hold only 15% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.9
out of 10
Low Exit Risk
Exit risk score 3.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

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 — FFLG

In 2026 Q1, 28 hedge funds were net buyers of FFLG (8 opened a new position, 20 added to an existing one), while 25 reduced or exited (19 trimmed, 6 sold completely) — a 53% buyer ratio, indicating a slight buying edge. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. Net fund flow last quarter: +2 funds (more new holders than closures). Total institutional holders: 57.

Hedge Fund Ownership: FFLG

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

Market Analysis: FFLG

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FFLG

-- --

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

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

Signal Freshness measures how much FFLG 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 · 81d ago
FFLG
nan%
SPY
+15.1%

FFLG outperformed SPY by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 36d ago
FFLG
nan%
SPY
+1.3%

Since the filing became public, FFLG outperformed SPY by nan% .

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.

4 top-rated funds 2 high-conviction
Consensus
3.0
/ 10
breadth
×
Elite
1.7
/ 10
conviction
Hedge Fund Positioning: FFLG
57 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 57 55 3.64%
13F Shares 7M 7M -2.62%
Total Value $180M $203M -11.36%
New Positions 8 11 -3
Increased Positions 20 20 -
Closed Positions 6 6 -
Reduced Positions 19 14 +5
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FFLG

View More

Valuation Measures Data as of: --

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 --

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) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

57 + investors

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

QUARTER:
Top 25 FFLG holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Marshall Investment Management, LLC 2.78% 208,552 $5.8M
2 Hicks Capital Management LLC 2.46% 88,599 $2.5M
3 Investment Advisory Services Inc /Tx /Adv 2.31% 261,409 $7.3M
4 Financial Management Network Inc 1.31% 287,184 $8.6M
5 Goodwin Investment Advisory 0.59% 17,751 $494K
6 Dedeker Financial LLC 0.49% 20,086 $559K
7 Traynor Capital Management, Inc. 0.29% 185,566 $4.9M
8 McGlone Suttner Wealth Management, Inc. 0.21% 56,274 $1.6M
9 Herbst Group, LLC 0.21% 12,000 $334K
10 Kestra Advisory Services, LLC 0.20% 1,869,844 $52.0M
11 High Point Wealth Management, LLC 0.19% 7,017 $195K
12 Costello Asset Management, INC 0.16% 16,643 $463K
13 Avaii Wealth Management, LLC 0.14% 14,591 $406K
14 Larson Financial Group LLC 0.14% 159,180 $4.4M
15 PKS Advisory Services, LLC 0.09% 13,498 $375K
16 Clg LLC 0.08% 12,162 $338K
17 Empire Life Investments Inc. 0.06% 36,889 $1.0M
18 Sigma Planning Corp 0.05% 66,807 $1.9M
19 Commonwealth Equity Services, LLC 0.05% 1,245,712 $34.6M
20 Schwarz Dygos Wheeler Investment Advisors LLC 0.05% 7,997 $222K
21 Waddell & Associates, LLC 0.03% 19,999 $556K
22 Regal Investment Advisors LLC 0.02% 15,523 $432K
23 Harbour Investments, INC. 0.02% 50,923 $1.4M
24 Financial Perspectives, Inc 0.02% 2,099 $58K
25 Independent Financial Group, LLC 0.01% 11,715 $326K
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 (FFLG)

What does the Smart Money Trend signal show for FFLG?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added FFLG 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 FFLG?

Slight buying edge — 53% buying: Last quarter: 28 funds bought or added vs 25 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for FFLG holders?

Smaller funds dominant — 15% AUM from top-100: 8 of 57 holders rank in the top 100 by AUM, but together hold only 15% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held FFLG?

42% of holders stayed for 2+ years: 24 out of 57 hedge funds have held FFLG for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

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

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

Full history →