Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Fidelity Covington Trust (FFLG)

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

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Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +6
Streak
4Q ▲
Buyers last Q
56%

Smart Money Signals — FFLG

Based on 63 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 4 quarters in a row

last 6Q
For 4 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
63 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.
🚀

Fast accumulation — +29% more funds vs a year ago

fund count last 6Q
+14 new funds entered over the past year (+29% 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.
🟡

Slight buying edge — 56% buying

36 buying28 selling
Last quarter: 36 funds bought or added vs 28 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.
📈

More new buyers each quarter (+10 vs last Q)

new funds entering per quarter
Funds opening a new FFLG position: 9 → 11 → 8 → 18. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
📌

Mixed — 37% long-term, 30% new

37% conviction (2yr+) 33% medium 30% new
Of the 63 current holders: 23 (37%) held >2 years, 21 held 1–2 years, and 19 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.
💰

Value +63% but shares only +30% — price-driven

Value
+63%
Shares
+29%
Last quarter: the total dollar value of institutional holdings rose +63%, but actual share count only changed +30%. 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.
📈

Growing discovery — still being found

7 → 9 → 11 → 8 → 18 new funds/Q
New funds entering each quarter: 9 → 11 → 8 → 18. A growing number of institutions are discovering FFLG each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
📊

Mixed cohorts — 38% veterans, 37% new entrants

38% veterans 25% 1-2yr 37% new
Of 63 current holders: 24 (38%) held 2+ years, 16 held 1–2 years, 23 (37%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
📋

Smaller funds dominant — 17% AUM from top-100

17% from top-100 AUM funds
8 of 63 holders rank in the top 100 by AUM, but together hold only 17% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
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.

Institutional Sentiment Summary — FFLG

In 2026 Q2, 36 hedge funds were net buyers of FFLG (18 opened a new position, 18 added to an existing one), while 28 reduced or exited (16 trimmed, 12 sold completely) — a 56% buyer ratio, indicating a slight buying edge. This marks 4 consecutive quarters of net institutional buying — a persistent conviction signal. Net fund flow last quarter: +6 funds (more new holders than closures). Total institutional holders: 63.

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

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

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Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

1 top-rated funds 2 high-conviction
Consensus
1.3
/ 10
breadth
×
Elite
1.7
/ 10
conviction
Hedge Fund Positioning: FFLG
63 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 63 57 10.53%
13F Shares 8M 7M 29.83%
Total Value $293M $180M 63.39%
New Positions 18 8 +10
Increased Positions 18 20 -2
Closed Positions 12 6 +6
Reduced Positions 16 19 -3
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FFLG

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Institutional Holders (2026 Q2)

63 + 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 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Marshall Investment Management, LLC 2.85% 197,558 $6.9M
2 Investment Advisory Services Inc /Tx /Adv 2.78% 278,352 $9.7M
3 Hicks Capital Management LLC 2.51% 88,301 $3.1M
4 Financial Management Network Inc 1.48% 321,546 $10.3M
5 Dedeker Financial LLC 0.39% 19,591 $679K
6 Traynor Capital Management, Inc. 0.29% 179,939 $6.2M
7 McGlone Suttner Wealth Management, Inc. 0.23% 56,276 $2.0M
8 Herbst Group, LLC 0.23% 12,000 $416K
9 Kestra Advisory Services, LLC 0.21% 1,868,111 $64.8M
10 High Point Wealth Management, LLC 0.20% 7,019 $243K
11 Empire Life Investments Inc. 0.18% 91,864 $3.2M
12 Kingswood Wealth Advisors, LLC 0.17% 120,628 $4.2M
13 Larson Financial Group LLC 0.15% 167,460 $5.8M
14 Avaii Wealth Management, LLC 0.15% 14,591 $506K
15 Keating Financial Advisory Services, Inc. 0.15% 32,312 $1.1M
16 Commonwealth Equity Services, LLC 0.12% 2,767,865 $96.0M
17 Leigh Baldwin & CO., LLC 0.12% 6,432 $223K
18 Clg LLC 0.09% 12,054 $418K
19 Essex Financial Services, Inc. 0.09% 49,529 $1.7M
20 PKS Advisory Services, LLC 0.08% 14,142 $490K
21 Sigma Planning Corp 0.06% 73,971 $2.6M
22 Schwarz Dygos Wheeler Investment Advisors LLC 0.05% 7,827 $271K
23 Waddell & Associates, LLC 0.03% 19,999 $694K
24 Ameritas Advisory Services, LLC 0.03% 42,637 $1.5M
25 Regal Investment Advisors LLC 0.03% 15,523 $538K
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 — 4 quarters in a row: For 4 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 — 56% buying: Last quarter: 36 funds bought or added vs 28 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 — 17% AUM from top-100: 8 of 63 holders rank in the top 100 by AUM, but together hold only 17% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held FFLG?

Mixed — 37% long-term, 30% new: Of the 63 current holders: 23 (37%) held >2 years, 21 held 1–2 years, and 19 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.

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