Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

FIDELITY COVINGTON TRUST (FNCL)

246 + Investors. Track Smart Money conviction in FNCL. 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
↑ +9
Streak
1Q ▲
Buyers last Q
60%

Smart Money Signals — FNCL

Based on 245 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added FNCL 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
245 hedge funds hold FNCL 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.
📶

Steady growth — +9% more funds vs a year ago

fund count last 6Q
+20 new funds entered over the past year (+9% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟢

More buyers than sellers — 60% buying

134 buying88 selling
Last quarter: 134 funds were net buyers (33 opened a brand new position + 101 added to an existing one). Only 88 were sellers (64 trimmed + 24 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+10 vs last Q)

new funds entering per quarter
Funds opening a new FNCL position: 42 → 21 → 23 → 33. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

56% of holders stayed for 2+ years

56% conviction (2yr+) 28% medium 16% new
138 out of 245 hedge funds have held FNCL 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.
➡️

Steady discovery — ~33 new funds/quarter

51 → 42 → 21 → 23 → 33 new funds/Q
New funds entering each quarter: 42 → 21 → 23 → 33. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 59% of holders stayed 2+ years

59% veterans 12% 1-2yr 28% new
Of 246 current holders: 146 (59%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.

Strong quality — 29% AUM from major funds

29% from top-100 AUM funds
21 of 245 holders rank in the top 100 by AUM, accounting for 29% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.4
out of 10
Low Exit Risk
Exit risk score 3.4/10 — 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.

Hedge Fund Ownership: FNCL

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

Market Analysis: FNCL

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FNCL

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

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

27 top-rated funds 4 high-conviction
Consensus
6.3
/ 10
breadth
×
Elite
3.1
/ 10
conviction
Hedge Fund Positioning: FNCL
2026 Q1 Stats Unlock in 16 days 246 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 246 237 3.8%
13F Shares 12M 13M -3.03%
Total Value $936M $955M -1.94%
New Positions 33 23 +10
Increased Positions 101 88 +13
Closed Positions 24 26 -2
Reduced Positions 66 65 +1
Total Calls 1 1 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FNCL

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Institutional Holders (2026 Q1)

246 + investors

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

Top 25 institutional holders of FNCL — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Independence Financial Advisors, LLC 3.43% 162,602 $11.4M
2 Fischer Financial Services, Inc. 3.31% 140,049 $9.8M
3 Yoder Wealth Management, Inc. 3.00% 93,649 $6.6M
4 Strategic Point Investment Advisors, LLC 2.23% 218,273 $15.3M
5 Harbor Asset Planning, Inc. 1.79% 30,253 $2.1M
6 KDK Private Wealth Management, LLC 1.56% 24,302 $1.7M
7 Maltin Wealth Management, Inc. 1.43% 53,263 $3.7M
8 Buska Wealth Management, LLC 1.15% 40,712 $2.9M
9 BLUE JEAN FINANCIAL LLC 0.62% 10,658 $748K
10 Nova Wealth Management, Inc. 0.58% 12,775 $897K
11 Procyon Advisors, LLC 0.54% 155,754 $10.9M
12 Athena Wealth Management, LLC 0.53% 7,072 $550K
13 Roxbury Financial LLC 0.52% 8,179 $574K
14 LYNCH & ASSOCIATES/IN 0.49% 37,303 $2.6M
15 Bayshore Capital Advisors, LLC 0.28% 9,610 $675K
16 Glass Jacobson Investment Advisors llc 0.27% 11,111 $780K
17 Lifeworks Advisors, LLC 0.26% 29,023 $2.0M
18 Smith Salley Wealth Management 0.21% 60,305 $4.2M
19 Financial Freedom, LLC 0.21% 5,971 $419K
20 Beckerman Institutional, LLC 0.20% 5,413 $380K
21 LongView Wealth Management 0.19% 10,143 $749K
22 Benchmark Financial Wealth Advisors, LLC 0.18% 9,042 $635K
23 INSTRUMENTAL WEALTH, LLC 0.17% 3,837 $269K
24 ACORN FINANCIAL ADVISORY SERVICES INC /ADV 0.14% 14,514 $1.0M
25 Purkiss Capital Advisors LLC 0.12% 3,927 $276K
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 (FNCL)

What does the Smart Money Trend signal show for FNCL?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added FNCL 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 FNCL?

More buyers than sellers — 60% buying: Last quarter: 134 funds were net buyers (33 opened a brand new position + 101 added to an existing one). Only 88 were sellers (64 trimmed + 24 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for FNCL holders?

Strong quality — 29% AUM from major funds: 21 of 245 holders rank in the top 100 by AUM, accounting for 29% 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 FNCL?

56% of holders stayed for 2+ years: 138 out of 245 hedge funds have held FNCL 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.