Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Fidelity Covington Trust (FIVA)

96 + 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
↑ +13
Streak
6Q ▲
Buyers last Q
66%

Smart Money Signals — FIVA

Based on 97 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 6 quarters in a row

last 6Q
For 6 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
97 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 — +102% more funds vs a year ago

fund count last 6Q
+49 new funds entered over the past year (+102% 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

59 buying31 selling
Last quarter: 59 funds were net buyers (24 opened a brand new position + 35 added to an existing one). Only 31 were sellers (20 trimmed + 11 sold completely). A clear majority buying is a strong confirmation signal.
➡️

Steady new buyers — ~24 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 21 → 13 → 26 → 24. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔄

Mostly new holders — 45% entered in last year

■ 23% conviction (2yr+) ■ 32% medium ■ 45% new
Only 22 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.
📈

Growing discovery — still being found

15 → 21 → 13 → 26 → 24 new funds/Q
New funds entering each quarter: 21 → 13 → 26 → 24. A growing number of institutions are discovering FIVA each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🌱

Early stage — 62% of holders entered in last year

■ 28% veterans ■ 10% 1-2yr ■ 62% new
Of 97 current holders: 60 (62%) entered in the past year, only 27 (28%) 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
17 of 96 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.
5.2
out of 10
Moderate Exit Risk
Exit risk score 5.2/10 — 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 Q2, 59 hedge funds were net buyers of FIVA (24 opened a new position, 35 added to an existing one), while 31 reduced or exited (20 trimmed, 11 sold completely) — a 66% buyer ratio, indicating clear institutional accumulation. This marks 6 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: +13 funds (more new holders than closures). Total institutional holders: 97.

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

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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.

1 top-rated funds 1 high-conviction
Consensus
1.3
/ 10
breadth
×
Elite
2.1
/ 10
conviction
Hedge Fund Positioning: FIVA
96 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 96 84 14.29%
13F Shares 7M 7M 1.81%
Total Value $280M $246M 13.83%
New Positions 24 26 -2
Increased Positions 35 27 +8
Closed Positions 11 11 -
Reduced Positions 20 16 +4
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FIVA

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Institutional Holders (2026 Q2)

96 + 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 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Holland Advisory Services, Inc. 7.84% 184,197 $7.1M
2 Roan Capital Partners 3.20% 100,174 $3.9M
3 OmniStar Financial Group, Inc. 2.59% 145,704 $5.6M
4 Braeburn Wealth Management LLC 1.85% 112,099 $4.3M
5 Midwest Financial Network, LLC 0.93% 35,525 $1.4M
6 Summit Wealth Group LLC / Co 0.70% 220,817 $8.5M
7 Cadent Capital Advisors, LLC 0.61% 77,443 $3.0M
8 Align Financial, LLC 0.54% 28,086 $1.1M
9 RCS Financial Planning, LLC 0.47% 25,944 $999K
10 Clarity Asset Management, Inc. 0.18% 9,779 $377K
11 Accelerate Investment Advisors LLC 0.18% 8,129 $313K
12 Inspire Advisors, LLC 0.11% 40,843 $1.6M
13 Patriot Financial Group Insurance Agency, LLC 0.08% 21,077 $812K
14 ShoreHaven Wealth Partners, LLC 0.08% 6,361 $245K
15 Commonwealth Equity Services, LLC 0.07% 1,525,685 $58.8M
16 RDA Financial Network 0.06% 7,190 $277K
17 Flagship Wealth Advisors, LLC 0.06% 6,972 $269K
18 Twin Peaks Wealth Advisors, LLC 0.05% 5,996 $231K
19 Prosperity Planning, Inc. 0.05% 5,889 $227K
20 Asset Allocation Strategies LLC 0.05% 7,934 $306K
21 D.A. Davidson & CO. 0.04% 178,078 $6.9M
22 Compound Planning, Inc. 0.03% 29,998 $1.2M
23 Evergreen Capital Management LLC 0.02% 35,825 $1.4M
24 Kestra Advisory Services, LLC 0.02% 185,272 $7.1M
25 Osaic Holdings, INC. 0.02% 493,842 $19.0M
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 — 6 quarters in a row: For 6 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: 59 funds were net buyers (24 opened a brand new position + 35 added to an existing one). Only 31 were sellers (20 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: 17 of 96 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 — 45% entered in last year: Only 22 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.

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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