Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Fidelity Covington Trust (FIVA)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +15
Streak
5Q ▲
Buyers last Q
66%

Smart Money Signals — FIVA

Based on 84 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 5 quarters in a row

last 6Q
For 5 consecutive quarters, more hedge funds added FIVA 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
84 hedge funds hold FIVA 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 — +133% more funds vs a year ago

fund count last 6Q
+48 new funds entered over the past year (+133% 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

53 buying27 selling
Last quarter: 53 funds were net buyers (26 opened a brand new position + 27 added to an existing one). Only 27 were sellers (16 trimmed + 11 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+13 vs last Q)

new funds entering per quarter
Funds opening a new FIVA position: 15 → 21 → 13 → 26. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔄

Mostly new holders — 49% entered in last year

■ 23% conviction (2yr+) ■ 29% medium ■ 49% new
Only 19 funds (23%) 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.
💎

Buying through price weakness — shares +16%, value -78%

Value
-78%
Shares
+15%
Last quarter: funds added +16% more shares while total portfolio value only changed -78%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~26 new funds/quarter

9 → 15 → 21 → 13 → 26 new funds/Q
New funds entering each quarter: 15 → 21 → 13 → 26. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🌱

Early stage — 61% of holders entered in last year

■ 29% veterans ■ 11% 1-2yr ■ 61% new
Of 84 current holders: 51 (61%) entered in the past year, only 24 (29%) 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 — 41% AUM from top-100 funds

41% from top-100 AUM funds
14 of 84 holders are among the 100 largest funds by AUM, controlling 41% of total institutional value in FIVA. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
5.4
out of 10
Moderate Exit Risk
Exit risk score 5.4/10 — 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 — FIVA

In 2026 Q1, 53 hedge funds were net buyers of FIVA (26 opened a new position, 27 added to an existing one), while 27 reduced or exited (16 trimmed, 11 sold completely) — a 66% buyer ratio, indicating clear institutional accumulation. This marks 5 consecutive quarters of net institutional buying — a persistent conviction signal. 41% of total institutional value in FIVA is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +15 funds (more new holders than closures). Total institutional holders: 84.

Hedge Fund Ownership: FIVA

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

Market Analysis: FIVA

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FIVA

-- --

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

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

Signal Freshness measures how much FIVA 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 · 82d ago
FIVA
+11.0%
SPY
+15.1%

FIVA outperformed SPY by -4.1% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 37d ago
FIVA
+4.3%
SPY
+1.3%

Since the filing became public, FIVA outperformed SPY by +3.0% .

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 3 high-conviction
Consensus
2.1
/ 10
breadth
×
Elite
2.1
/ 10
conviction
Hedge Fund Positioning: FIVA
83 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 83 69 20.29%
13F Shares 7M 6M 15.53%
Total Value $245M $1.14B -78.51%
New Positions 25 13 +12
Increased Positions 27 22 +5
Closed Positions 11 4 +7
Reduced Positions 16 17 -1
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FIVA

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Financial Highlights

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Institutional Holders (2026 Q1)

83 + investors

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

QUARTER:
Top 25 FIVA holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Roan Capital Partners 3.58% 111,476 $3.9M
2 OmniStar Financial Group, Inc. 2.46% 136,367 $4.7M
3 Braeburn Wealth Management LLC 2.21% 110,922 $3.9M
4 Summit Wealth Group LLC / Co 0.81% 221,548 $7.7M
5 Cadent Capital Advisors, LLC 0.62% 69,075 $2.4M
6 Align Financial, LLC 0.56% 28,086 $978K
7 Midwest Financial Network, LLC 0.46% 16,607 $578K
8 RCS Financial Planning, LLC 0.37% 20,548 $715K
9 Accelerate Investment Advisors LLC 0.16% 6,891 $240K
10 Clarity Asset Management, Inc. 0.13% 7,523 $262K
11 Inspire Advisors, LLC 0.12% 41,652 $1.4M
12 Kingsview Wealth Management, LLC 0.10% 217,862 $7.6M
13 Patriot Financial Group Insurance Agency, LLC 0.08% 39,760 $1.4M
14 Commonwealth Equity Services, LLC 0.08% 1,561,598 $54.4M
15 Prosperity Planning, Inc. 0.05% 6,052 $211K
16 Asset Allocation Strategies LLC 0.05% 7,626 $265K
17 D.A. Davidson & CO. 0.04% 180,028 $6.3M
18 Compound Planning, Inc. 0.03% 30,679 $1.1M
19 Gts Securities LLC 0.03% 23,062 $803K
20 Evergreen Capital Management LLC 0.03% 35,825 $1.2M
21 Kestra Advisory Services, LLC 0.03% 202,048 $7.0M
22 Elequin Capital, LP 0.02% 8,132 $283K
23 Osaic Holdings, INC. 0.02% 463,678 $16.1M
24 Ameritas Advisory Services, LLC 0.02% 16,039 $558K
25 Great Valley Advisor Group, INC. 0.02% 31,626 $1.1M
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 (FIVA)

What does the Smart Money Trend signal show for FIVA?

Buying streak — 5 quarters in a row: For 5 consecutive quarters, more hedge funds added FIVA 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 FIVA?

More buyers than sellers — 66% buying: Last quarter: 53 funds were net buyers (26 opened a brand new position + 27 added to an existing one). Only 27 were sellers (16 trimmed + 11 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for FIVA holders?

Elite ownership — 41% AUM from top-100 funds: 14 of 84 holders are among the 100 largest funds by AUM, controlling 41% of total institutional value in FIVA. 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 FIVA?

Mostly new holders — 49% entered in last year: Only 19 funds (23%) 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.

Is it too late to buy Fidelity Covington Trust (FIVA) following the 2026 Q1 hedge fund 13F filings?

As of today, FIVA has moved +4.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.3% for the SPY sector ETF — an outperformance of +3.0%. Since the quarter end (March 31, 2026), FIVA has gained +11.0% vs +15.1% 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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