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
↑ +7
Streak
3Q ▲
Buyers last Q
66%

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 — 66% buying

42 buying22 selling
Last quarter: 42 funds were net buyers (15 opened a brand new position + 27 added to an existing one). Only 22 were sellers (14 trimmed + 8 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: 6 → 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 → 6 → 10 → 12 → 15 new funds/Q
New funds entering each quarter: 6 → 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 22 reduced or exited (14 trimmed, 8 sold completely) — a 66% 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: +7 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

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

Loading signal freshness…
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
2026 Q2 Stats Unlock in 2 days 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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Institutional Holders (2026 Q2)

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:
2026 Q2 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.
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 3.08% 340,918 $9.3M
2 Eaton Financial Holdings Company, LLC 1.37% 181,647 $5.0M
3 Fullerton Advisors, LLC 1.31% 51,119 $1.4M
4 Beam Wealth Advisors, INC. 0.68% 98,266 $2.7M
5 Plus Group Wealth Advisors LLC 0.60% 23,183 $635K
6 Element Wealth, LLC 0.37% 36,189 $990K
7 WealthTrust Axiom LLC 0.34% 54,880 $1.5M
8 Cannon Advisors, Inc. 0.32% 18,850 $531K
9 Elm3 Financial Group, LLC 0.25% 13,400 $367K
10 Advocate Investing Services LLC 0.23% 11,100 $304K
11 Arwa LLC 0.22% 18,916 $536K
12 OmniStar Financial Group, Inc. 0.21% 16,453 $450K
13 Pathfinder Wealth Consulting, Inc. 0.16% 9,030 $249K
14 Soltis Investment Advisors LLC 0.07% 44,586 $1.2M
15 Beacon Financial Group 0.05% 18,219 $499K
16 Global Retirement Partners, LLC 0.04% 106,225 $2.9M
17 Commonwealth Equity Services, LLC 0.03% 925,071 $25.3M
18 Holos Integrated Wealth LLC 0.03% 2,063 $57K
19 Texas Capital Bank Wealth Management Services Inc 0.03% 17,065 $467K
20 Ameritas Advisory Services, LLC 0.02% 44,934 $1.2M
21 KWB Wealth 0.02% 10,513 $288K
22 Flputnam Investment Management Co 0.02% 73,420 $2.0M
23 IFP Advisors, Inc 0.02% 41,123 $1.1M
24 Godfrey Financial Associates, Inc. 0.02% 771 $21K
25 J.W. Cole Advisors, INC. 0.01% 29,554 $809K
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 — 66% buying: Last quarter: 42 funds were net buyers (15 opened a brand new position + 27 added to an existing one). Only 22 were sellers (14 trimmed + 8 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.

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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