Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

FIDELITY COVINGTON TRUST (FFSM)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +13
Streak
7Q ▲
Buyers last Q
73%

Smart Money Signals — FFSM

Based on 61 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 7 quarters in a row

last 6Q
For 7 consecutive quarters, more hedge funds added FFSM 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
61 hedge funds hold FFSM 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 — +135% more funds vs a year ago

fund count last 6Q
+35 new funds entered over the past year (+135% 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 — 73% buying

44 buying16 selling
Last quarter: 44 funds were net buyers (17 opened a brand new position + 27 added to an existing one). Only 16 were sellers (12 trimmed + 4 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+6 vs last Q)

new funds entering per quarter
Funds opening a new FFSM position: 13 → 17 → 11 → 17. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔄

Mostly new holders — 51% entered in last year

■ 15% conviction (2yr+) ■ 34% medium ■ 51% new
Only 9 funds (15%) 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 — ~17 new funds/quarter

9 → 13 → 17 → 11 → 17 new funds/Q
New funds entering each quarter: 13 → 17 → 11 → 17. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🌱

Early stage — 66% of holders entered in last year

■ 16% veterans ■ 18% 1-2yr ■ 66% new
Of 61 current holders: 40 (66%) entered in the past year, only 10 (16%) 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.
🏆

Elite ownership — 83% AUM from top-100 funds

83% from top-100 AUM funds
9 of 61 holders are among the 100 largest funds by AUM, controlling 83% of total institutional value in FFSM. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
5.3
out of 10
Moderate Exit Risk
Exit risk score 5.3/10 — 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.

Hedge Fund Ownership: FFSM

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

Market Analysis: FFSM

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FFSM

-- --

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

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

1 top-rated funds 4 high-conviction
Consensus
1.3
/ 10
breadth
×
Elite
3.0
/ 10
conviction
Hedge Fund Positioning: FFSM
2026 Q1 Stats Unlock in 14 days 61 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 61 48 27.08%
13F Shares 28M 23M 22.56%
Total Value $877M $673M 30.26%
New Positions 17 11 +6
Increased Positions 27 20 +7
Closed Positions 4 8 -4
Reduced Positions 12 12 -
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FFSM

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Valuation Measures Data as of: --

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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) --
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Income Statement & Cash Flow
Revenue (ttm) --
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Total Cash (mrq) --
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Institutional Holders (2026 Q1)

61 + investors

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

Top 25 institutional holders of FFSM — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 KOM Wealth Management Group, LLC 9.05% 415,240 $13.3M
2 Keenan, LLC 7.80% 290,052 $9.3M
3 Gaddis Premier Wealth Advisors LLC 5.06% 214,864 $6.9M
4 Clarity Retirement & Wealth, LLC 2.83% 110,020 $3.5M
5 Evernest Financial Advisors, LLC 1.99% 272,082 $9.6M
6 MFA Wealth Services 1.58% 74,752 $2.4M
7 SK Wealth Management, LLC 1.57% 174,090 $5.7M
8 DAHRING | CUSMANO LLC 1.10% 55,908 $1.8M
9 NOVEM GROUP 0.75% 205,593 $6.6M
10 Buska Wealth Management, LLC 0.58% 45,301 $1.4M
11 RFG Advisory, LLC 0.49% 843,183 $26.9M
12 BAM Wealth Management, LLC 0.43% 17,831 $570K
13 HICKS CAPITAL MANAGEMENT LLC 0.33% 10,348 $331K
14 SAX WEALTH ADVISORS, LLC 0.29% 192,881 $5.9M
15 Pines Wealth Management, LLC 0.20% 19,682 $629K
16 Bay Capital Advisors, LLC 0.19% 9,761 $312K
17 Wealth Quarterback LLC 0.17% 13,244 $423K
18 Retirement Planning Group, LLC 0.10% 103,645 $3.3M
19 Eaton Financial Holdings Company, LLC 0.08% 7,617 $243K
20 COMMONWEALTH EQUITY SERVICES, LLC 0.05% 1,212,494 $38.7M
21 Bulwark Capital Corp 0.05% 2,535 $81K
22 Sigma Planning Corp 0.03% 37,826 $1.2M
23 Provident Wealth Management, LLC 0.03% 3,440 $110K
24 SUMMIT WEALTH GROUP LLC / CO 0.03% 9,867 $315K
25 Mutual Advisors, LLC 0.01% 9,789 $313K
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 (FFSM)

What does the Smart Money Trend signal show for FFSM?

Buying streak — 7 quarters in a row: For 7 consecutive quarters, more hedge funds added FFSM 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 FFSM?

More buyers than sellers — 73% buying: Last quarter: 44 funds were net buyers (17 opened a brand new position + 27 added to an existing one). Only 16 were sellers (12 trimmed + 4 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for FFSM holders?

Elite ownership — 83% AUM from top-100 funds: 9 of 61 holders are among the 100 largest funds by AUM, controlling 83% of total institutional value in FFSM. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held FFSM?

Mostly new holders — 51% entered in last year: Only 9 funds (15%) 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.

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.