Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Fidelity Merrimack Str Tr (FMUN)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +3
Streak
2Q ▲
Buyers last Q
57%

Smart Money Signals — FMUN

Based on 22 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 3Q
For 2 consecutive quarters, more hedge funds added FMUN 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
22 hedge funds hold FMUN right now — the highest count in 1.0 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.
🟡

Slight buying edge — 57% buying

12 buying9 selling
Last quarter: 12 funds bought or added vs 9 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.
➡️

Steady new buyers — ~4 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 4 → 6 → 4. 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

■ 0% conviction (2yr+) ■ 55% medium ■ 45% new
Only 0 funds (0%) 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.
➡️

Steady discovery — ~4 new funds/quarter

4 → 6 → 4 new funds/Q
New funds entering each quarter: 4 → 6 → 4. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🌱

Early stage — 100% of holders entered in last year

■ 0% veterans ■ 0% 1-2yr ■ 100% new
Of 22 current holders: 22 (100%) entered in the past year, only 0 (0%) 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.
✅

Strong quality — 22% AUM from major funds

22% from top-100 AUM funds
4 of 22 holders rank in the top 100 by AUM, accounting for 22% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.5
out of 10
Moderate Exit Risk
Exit risk score 4.5/10 — 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 — FMUN

In 2026 Q1, 12 hedge funds were net buyers of FMUN (4 opened a new position, 8 added to an existing one), while 9 reduced or exited (8 trimmed, 1 sold completely) — a 57% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. 22% of total institutional value in FMUN is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +3 funds (more new holders than closures). Total institutional holders: 22.

Hedge Fund Ownership: FMUN

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

Market Analysis: FMUN

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FMUN

-- --

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

Is It Too Late to Buy Fidelity Merrimack Str Tr (FMUN) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much FMUN 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 · 78d ago
FMUN
+1.3%
SPY
+15.9%

FMUN outperformed SPY by -14.6% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
FMUN
+1.3%
SPY
+2.0%

Since the filing became public, FMUN outperformed SPY by -0.7% .

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.

0 top-rated funds 0 high-conviction
Consensus
0.0
/ 10
breadth
×
Elite
0.9
/ 10
conviction
Hedge Fund Positioning: FMUN
22 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 22 19 15.79%
13F Shares 765K 798K -4.12%
Total Value $38M $40M -5.25%
New Positions 4 6 -2
Increased Positions 8 4 +4
Closed Positions 1 4 -3
Reduced Positions 8 8 -
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FMUN

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Financial Highlights

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Institutional Holders (2026 Q1)

22 + investors

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

QUARTER:
Top 22 FMUN holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Riverview Trust Co 21.48% 351,465 $17.4M
2 Life Planning Partners, Inc 1.70% 44,768 $2.2M
3 Financial Planning Fort Collins, LLC 1.41% 37,293 $1.9M
4 Camelot Technology Advisors, INC. 0.20% 5,603 $278K
5 Global Wealth Management, LLC 0.16% 5,884 $292K
6 Embree Financial Group 0.11% 18,377 $912K
7 Stone House Investment Management, LLC 0.03% 2,821 $140K
8 Avidian Wealth Enterprises, LLC 0.02% 14,800 $735K
9 Cahaba Wealth Management, INC. 0.02% 4,700 $233K
10 TD Capital Management LLC 0.02% 3,540 $176K
11 Sigma Planning Corp 0.01% 5,949 $295K
12 Commonwealth Equity Services, LLC 0.01% 82,505 $4.1M
13 Advisory Services Network, LLC 0.00% 3,132 $155K
14 LPL Financial LLC 0.00% 80,380 $4.0M
15 Kestra Advisory Services, LLC 0.00% 4,109 $204K
16 IFP Advisors, Inc 0.00% 561 $28K
17 Jane Street Group, LLC 0.00% 80,870 $4.0M
18 Quantinno Capital Management LP 0.00% 5,117 $254K
19 Osaic Holdings, INC. 0.00% 3,985 $198K
20 Steward Partners Investment Advisory, LLC 0.00% 672 $33K
21 Susquehanna International Group, LLP 0.00% 7,911 $393K
22 Fmr LLC 0.00% 463 $23K
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 Merrimack Str Tr (FMUN)

What does the Smart Money Trend signal show for FMUN?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added FMUN 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 FMUN?

Slight buying edge — 57% buying: Last quarter: 12 funds bought or added vs 9 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 FMUN holders?

Strong quality — 22% AUM from major funds: 4 of 22 holders rank in the top 100 by AUM, accounting for 22% 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 FMUN?

Mostly new holders — 45% entered in last year: Only 0 funds (0%) 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 Merrimack Str Tr (FMUN) following the 2026 Q1 hedge fund 13F filings?

As of today, FMUN has moved +1.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to +2.0% for the SPY sector ETF — an outperformance of -0.7%. Since the quarter end (March 31, 2026), FMUN has gained +1.3% vs +15.9% 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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