Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Fidelity Covington Trust (FIDI)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +8
Streak
3Q ▲
Buyers last Q
67%

Smart Money Signals — FIDI

Based on 63 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 FIDI 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 FIDI 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 — +40% more funds vs a year ago

fund count last 6Q
+18 new funds entered over the past year (+40% 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 — 67% buying

42 buying21 selling
Last quarter: 42 funds were net buyers (15 opened a brand new position + 27 added to an existing one). Only 21 were sellers (14 trimmed + 7 sold completely). A clear majority buying is a strong confirmation signal.
➡️

Steady new buyers — ~15 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 5 → 10 → 12 → 15. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

41% of holders stayed for 2+ years

■ 41% conviction (2yr+) ■ 29% medium ■ 30% new
26 out of 63 hedge funds have held FIDI 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.
📈

Growing discovery — still being found

10 → 5 → 10 → 12 → 15 new funds/Q
New funds entering each quarter: 5 → 10 → 12 → 15. A growing number of institutions are discovering FIDI each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 42% veterans vs 44% newcomers

■ 42% veterans ■ 14% 1-2yr ■ 44% new
Entry-cohort mix of 64 holders: 27 (42%) are 2+ year veterans, 9 entered 1–2 years ago, and 28 (44%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 26% AUM from major funds

26% from top-100 AUM funds
10 of 62 holders rank in the top 100 by AUM, accounting for 26% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.4
out of 10
Moderate Exit Risk
Exit risk score 4.4/10 — 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 — FIDI

In 2026 Q1, 42 hedge funds were net buyers of FIDI (15 opened a new position, 27 added to an existing one), while 21 reduced or exited (14 trimmed, 7 sold completely) — a 67% buyer ratio, indicating clear institutional accumulation. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 26% of total institutional value in FIDI is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +8 funds (more new holders than closures). Total institutional holders: 63.

Hedge Fund Ownership: FIDI

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

Market Analysis: FIDI

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FIDI

-- --

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

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

Signal Freshness measures how much FIDI 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 · 88d ago
FIDI
nan%
SPY
+12.4%

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

Since 13F Filing Date May 15, 2026 · 43d ago
FIDI
nan%
SPY
-1.1%

Since the filing became public, FIDI 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.

2 top-rated funds 0 high-conviction
Consensus
2.1
/ 10
breadth
×
Elite
1.0
/ 10
conviction
Hedge Fund Positioning: FIDI
63 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 63 55 14.55%
13F Shares 3M 2M 31.82%
Total Value $85M $61M 38.64%
New Positions 15 12 +3
Increased Positions 27 26 +1
Closed Positions 7 5 +2
Reduced Positions 13 11 +2
Total Calls 0 0 -
Total Puts 1 0 100%
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FIDI

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Financial Highlights

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Institutional Holders (2026 Q1)

63 + investors

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

QUARTER:
Top 25 FIDI holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 David Kennon Inc 3.44% 347,716 $9.6M
2 Fullerton Advisors, LLC 1.45% 50,741 $1.4M
3 Plus Group Wealth Advisors LLC 0.70% 23,112 $638K
4 Beam Wealth Advisors, INC. 0.68% 98,266 $2.7M
5 Element Wealth, LLC 0.41% 35,956 $993K
6 WealthTrust Axiom LLC 0.38% 55,380 $1.5M
7 Elm3 Financial Group, LLC 0.34% 14,781 $408K
8 Advocate Investing Services LLC 0.26% 11,100 $306K
9 Arwa LLC 0.25% 17,768 $504K
10 OmniStar Financial Group, Inc. 0.22% 15,633 $431K
11 Pathfinder Wealth Consulting, Inc. 0.16% 9,030 $249K
12 Eaton Financial Holdings Company, LLC 0.09% 10,289 $284K
13 Snider Financial Group 0.08% 9,011 $249K
14 Beacon Financial Group 0.04% 16,967 $440K
15 Ameritas Advisory Services, LLC 0.03% 32,628 $901K
16 Flputnam Investment Management Co 0.03% 70,805 $2.0M
17 Commonwealth Equity Services, LLC 0.03% 702,741 $19.4M
18 IFP Advisors, Inc 0.02% 38,849 $1.1M
19 Godfrey Financial Associates, Inc. 0.02% 804 $22K
20 Soltis Investment Advisors LLC 0.02% 9,494 $262K
21 Texas Capital Bank Wealth Management Services Inc 0.02% 9,465 $261K
22 Kestra Advisory Services, LLC 0.01% 110,120 $3.0M
23 Stratos Investment Management, LLC 0.01% 10,255 $283K
24 Scotia Capital INC. 0.01% 98,524 $2.7M
25 Concurrent Investment Advisors, LLC 0.01% 32,108 $886K
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 (FIDI)

What does the Smart Money Trend signal show for FIDI?

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

More buyers than sellers — 67% buying: Last quarter: 42 funds were net buyers (15 opened a brand new position + 27 added to an existing one). Only 21 were sellers (14 trimmed + 7 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for FIDI holders?

Strong quality — 26% AUM from major funds: 10 of 62 holders rank in the top 100 by AUM, accounting for 26% 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 FIDI?

41% of holders stayed for 2+ years: 26 out of 63 hedge funds have held FIDI 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 (FIDI) following the 2026 Q1 hedge fund 13F filings?

As of today, FIDI has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to -1.1% for the SPY sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), FIDI has gained nan% vs +12.4% 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.

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