Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

FIDELITY COVINGTON TRUST (FMDE)

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

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Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +51
Streak
9Q ▲
Buyers last Q
81%

Smart Money Signals — FMDE

Based on 228 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 9 quarters in a row

last 6Q
For 9 consecutive quarters, more hedge funds added FMDE 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
228 hedge funds hold FMDE 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 — +98% more funds vs a year ago

fund count last 6Q
+113 new funds entered over the past year (+98% 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 — 81% buying

169 buying39 selling
Last quarter: 169 funds were net buyers (59 opened a brand new position + 110 added to an existing one). Only 39 were sellers (31 trimmed + 8 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+18 vs last Q)

new funds entering per quarter
Funds opening a new FMDE position: 22 → 33 → 41 → 59. 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

21% conviction (2yr+) 30% medium 49% new
Only 48 funds (21%) 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.
🚀

Acceleration phase — new buyers rushing in

30 → 22 → 33 → 41 → 59 new funds/Q
New funds entering each quarter: 22 → 33 → 41 → 59. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🌱

Early stage — 64% of holders entered in last year

1% veterans 35% 1-2yr 64% new
Of 228 current holders: 145 (64%) entered in the past year, only 3 (1%) 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 — 61% AUM from top-100 funds

61% from top-100 AUM funds
16 of 228 holders are among the 100 largest funds by AUM, controlling 61% of total institutional value in FMDE. 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.

Hedge Fund Ownership: FMDE

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

Market Analysis: FMDE

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FMDE

-- --
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

16 top-rated funds 9 high-conviction
Consensus
5.3
/ 10
breadth
×
Elite
3.6
/ 10
conviction
Hedge Fund Positioning: FMDE
2026 Q1 Stats Unlock in 22 days 228 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 228 177 28.81%
13F Shares 84M 49M 69.5%
Total Value $3.18B $1.79B 78.07%
New Positions 59 41 +18
Increased Positions 110 91 +19
Closed Positions 8 10 -2
Reduced Positions 31 24 +7
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FMDE

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Valuation Measures Data as of: --

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

228 + investors

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

Top 25 institutional holders of FMDE — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Richard P Slaughter Associates Inc 10.10% 1,299,753 $46.7M
2 LIFELONG WEALTH ADVISORS, INC. 7.28% 761,568 $27.4M
3 ADAMSBROWN WEALTH CONSULTANTS LLC 5.72% 601,489 $21.6M
4 McNamara Financial Services, Inc. 5.23% 769,031 $27.7M
5 Mayfair Advisory Group, LLC 4.97% 395,554 $14.2M
6 Retirement Management Systems Inc. 4.59% 529,507 $19.0M
7 KFG WEALTH MANAGEMENT, LLC 4.16% 894,618 $32.2M
8 Broadway Wealth Solutions, Inc. 3.35% 180,422 $6.5M
9 Waterway Wealth Management, LLC 3.05% 403,770 $13.8M
10 FMA Wealth Management, LLC 2.12% 88,552 $3.2M
11 Noble Wealth Management PBC 2.10% 116,408 $4.2M
12 Cassilly Financial Group LLC 1.90% 61,018 $2.2M
13 Parkside Investments, LLC 1.56% 356,471 $12.8M
14 BARNES PETTEY FINANCIAL ADVISORS, LLC 1.51% 96,598 $3.5M
15 InTrack Investment Management Inc 1.24% 60,448 $2.2M
16 Harbor Asset Planning, Inc. 1.13% 37,407 $1.3M
17 Pathfinder Wealth Consulting, Inc. 1.04% 44,711 $1.6M
18 LongView Wealth Management 1.03% 108,265 $4.1M
19 INVESTMENT ADVISORY SERVICES INC /TX /ADV 0.85% 74,407 $2.7M
20 Snider Financial Group 0.82% 75,692 $2.7M
21 Worth Asset Management, LLC 0.77% 57,260 $2.1M
22 Cornell Pochily Investment Advisors, Inc. 0.74% 70,514 $2.5M
23 LYNCH & ASSOCIATES/IN 0.62% 92,107 $3.3M
24 VALLEY NATIONAL ADVISERS INC 0.53% 113,326 $4K
25 GENESIS PRIVATE WEALTH, LLC 0.46% 40,526 $1.5M
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 (FMDE)

What does the Smart Money Trend signal show for FMDE?

Buying streak — 9 quarters in a row: For 9 consecutive quarters, more hedge funds added FMDE 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 FMDE?

More buyers than sellers — 81% buying: Last quarter: 169 funds were net buyers (59 opened a brand new position + 110 added to an existing one). Only 39 were sellers (31 trimmed + 8 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for FMDE holders?

Elite ownership — 61% AUM from top-100 funds: 16 of 228 holders are among the 100 largest funds by AUM, controlling 61% of total institutional value in FMDE. 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 FMDE?

Mostly new holders — 49% entered in last year: Only 48 funds (21%) 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.