Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Fidelity Covington Trust (FIDU)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +13
Streak
8Q ▲
Buyers last Q
56%

Smart Money Signals — FIDU

Based on 219 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 8 quarters in a row

last 6Q
For 8 consecutive quarters, more hedge funds added FIDU 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
219 hedge funds hold FIDU 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 — +26% more funds vs a year ago

fund count last 6Q
+45 new funds entered over the past year (+26% 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

111 buying89 selling
Last quarter: 111 funds bought or added vs 89 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 (+8 vs last Q)

new funds entering per quarter
Funds opening a new FIDU position: 35 → 21 → 27 → 35. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

48% of holders stayed for 2+ years

■ 48% conviction (2yr+) ■ 32% medium ■ 20% new
105 out of 219 hedge funds have held FIDU 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

29 → 35 → 21 → 27 → 35 new funds/Q
New funds entering each quarter: 35 → 21 → 27 → 35. A growing number of institutions are discovering FIDU each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 52% veterans vs 27% newcomers

■ 52% veterans ■ 21% 1-2yr ■ 27% new
Entry-cohort mix of 221 holders: 116 (52%) are 2+ year veterans, 46 entered 1–2 years ago, and 59 (27%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 24% AUM from major funds

24% from top-100 AUM funds
21 of 218 holders rank in the top 100 by AUM, accounting for 24% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — 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 — FIDU

In 2026 Q1, 111 hedge funds were net buyers of FIDU (35 opened a new position, 76 added to an existing one), while 89 reduced or exited (67 trimmed, 22 sold completely) — a 56% buyer ratio, indicating a slight buying edge. This marks 8 consecutive quarters of net institutional buying — a persistent conviction signal. 24% of total institutional value in FIDU is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +13 funds (more new holders than closures). Total institutional holders: 219.

Hedge Fund Ownership: FIDU

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

Market Analysis: FIDU

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FIDU

-- --

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.

8 top-rated funds 2 high-conviction
Consensus
4.1
/ 10
breadth
×
Elite
2.4
/ 10
conviction
Hedge Fund Positioning: FIDU
239 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 239 219 9.13%
13F Shares 9M 9M 8.22%
Total Value $920M $735M 25.07%
New Positions 42 35 +7
Increased Positions 92 76 +16
Closed Positions 20 23 -3
Reduced Positions 64 67 -3
Total Calls 1 1 -
Total Puts 0 1 -100.0%
PUT/CALL Ratio 0.0 1.0 Bullish

Statistics: FIDU

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 Q2)

239 + investors

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

QUARTER:
Top 25 FIDU holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Independence Financial Advisors, LLC 3.52% 136,325 $13.6M
2 Yoder Wealth Management, Inc. 3.10% 79,748 $7.9M
3 KDK Private Wealth Management, LLC 2.14% 25,867 $2.6M
4 Vicus Capital 1.67% 259,849 $25.9M
5 Hanseatic Management Services Inc 1.67% 22,799 $2.3M
6 Fischer Financial Services, Inc. 1.50% 59,946 $6.0M
7 Richmond Brothers, Inc. 1.31% 25,307 $2.5M
8 Maxele Advisors, LLC 1.29% 18,546 $1.8M
9 Lifeworks Advisors, LLC 1.19% 114,531 $11.4M
10 Roxbury Financial LLC 1.15% 14,605 $1.5M
11 Jacobs Equity LLC 1.13% 16,459 $1.6M
12 Penobscot Wealth Management 1.05% 39,321 $3.9M
13 Buska Wealth Management, LLC 1.04% 29,049 $2.9M
14 Trail Ridge Investment Advisors, LLC 0.70% 16,732 $1.7M
15 Blue Jean Financial LLC 0.70% 10,095 $1.0M
16 EPG Wealth Management LLC 0.68% 28,310 $2.8M
17 AE Wealth Management LLC 0.65% 1,404,619 $139.9M
18 Stonebridge Financial Planning Group, LLC 0.51% 16,142 $1.6M
19 Smith Shellnut Wilson LLC /Adv 0.48% 15,034 $1.2M
20 One Wealth Management Investment & Advisory Services, LLC 0.47% 4,515 $450K
21 Lynch & Associates/In 0.46% 26,515 $2.6M
22 Lido Advisors, LLC 0.45% 1,672,011 $166.5M
23 Nova Wealth Management, Inc. 0.42% 7,622 $759K
24 Trust Co of Oklahoma 0.41% 15,975 $1.6M
25 Bayshore Capital Advisors, LLC 0.39% 8,467 $843K
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 (FIDU)

What does the Smart Money Trend signal show for FIDU?

Buying streak — 8 quarters in a row: For 8 consecutive quarters, more hedge funds added FIDU 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 FIDU?

Slight buying edge — 56% buying: Last quarter: 111 funds bought or added vs 89 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 FIDU holders?

Strong quality — 24% AUM from major funds: 21 of 218 holders rank in the top 100 by AUM, accounting for 24% 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 FIDU?

48% of holders stayed for 2+ years: 105 out of 219 hedge funds have held FIDU 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.

Full history →