Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Fidelity Covington Trust (FPFD)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +1
Streak
1Q ▲
Buyers last Q
57%

Smart Money Signals — FPFD

Based on 21 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added FPFD 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
21 hedge funds hold FPFD 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 — +31% more funds vs a year ago

fund count last 6Q
+5 new funds entered over the past year (+31% 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.
🟡

Slight buying edge — 57% buying

13 buying10 selling
Last quarter: 13 funds bought or added vs 10 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 — ~5 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 5 → 5 → 4 → 5. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
📌

Mixed — 29% long-term, 33% new

■ 29% conviction (2yr+) ■ 38% medium ■ 33% new
Of the 21 current holders: 6 (29%) held >2 years, 8 held 1–2 years, and 7 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
➡️

Steady discovery — ~5 new funds/quarter

4 → 5 → 5 → 4 → 5 new funds/Q
New funds entering each quarter: 5 → 5 → 4 → 5. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 52% veterans vs 38% newcomers

■ 52% veterans ■ 10% 1-2yr ■ 38% new
Entry-cohort mix of 21 holders: 11 (52%) are 2+ year veterans, 2 entered 1–2 years ago, and 8 (38%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 5% AUM from top-100

5% from top-100 AUM funds
5 of 20 holders rank in the top 100 by AUM, but together hold only 5% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
4.0
out of 10
Moderate Exit Risk
Exit risk score 4.0/10 — 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 — FPFD

In 2026 Q2, 13 hedge funds were net buyers of FPFD (5 opened a new position, 8 added to an existing one), while 10 reduced or exited (6 trimmed, 4 sold completely) — a 57% buyer ratio, indicating a slight buying edge. Net fund flow last quarter: +1 funds (more new holders than closures). Total institutional holders: 21.

Hedge Fund Ownership: FPFD

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

Market Analysis: FPFD

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FPFD

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

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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
0.0
/ 10
conviction
Hedge Fund Positioning: FPFD
20 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 20 20 -
13F Shares 377K 418K -9.68%
Total Value $7M $8M -13.55%
New Positions 5 4 +1
Increased Positions 8 8 -
Closed Positions 4 4 -
Reduced Positions 6 4 +2
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FPFD

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Beta (5Y Monthly) --
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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q2)

20 + investors

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

QUARTER:
Top 20 FPFD holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Prairie Wealth Advisors, Inc. 0.13% — $537K
2 Live Oak Investment Partners 0.12% 10,144 $217K
3 Howard Wealth Management, LLC 0.10% 12,986 $278K
4 Apollon Financial, LLC 0.08% 30,860 $661K
5 Xcelsior Advisor Partners LLC 0.04% 15,731 $281K
6 Arkadios Wealth Advisors 0.01% 17,251 $370K
7 Commonwealth Equity Services, LLC 0.00% 120,565 $2.6M
8 Advisory Services Network, LLC 0.00% 12,855 $276K
9 IFP Advisors, Inc 0.00% 6,760 $145K
10 Community Bank, N.A. 0.00% 1,000 $21K
11 SHP Wealth Management 0.00% 1,400 $30K
12 Fifth Third Bancorp 0.00% 11,355 $243K
13 Osaic Holdings, INC. 0.00% 10,439 $224K
14 LPL Financial LLC 0.00% 11,978 $257K
15 Jane Street Group, LLC 0.00% 19,728 $423K
16 Mercer Global Advisors Inc /Adv 0.00% 644 $14K
17 Royal Bank of Canada 0.00% 531 $11K
18 Morgan Stanley 0.00% 734 $16K
19 Fmr LLC 0.00% 272 $6K
20 Wells Fargo & Company/Mn 0.00% 1 —
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 (FPFD)

What does the Smart Money Trend signal show for FPFD?

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

Slight buying edge — 57% buying: Last quarter: 13 funds bought or added vs 10 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 FPFD holders?

Smaller funds dominant — 5% AUM from top-100: 5 of 20 holders rank in the top 100 by AUM, but together hold only 5% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held FPFD?

Mixed — 29% long-term, 33% new: Of the 21 current holders: 6 (29%) held >2 years, 8 held 1–2 years, and 7 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

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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