Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

FIDELITY COVINGTON TRUST (FSTA)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +23
Streak
1Q ▲
Buyers last Q
61%

Smart Money Signals — FSTA

Based on 200 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 this stock 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 trade.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
200 hedge funds hold this stock 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 'crowded trade' — high ownership doesn't mean safe.
📶

Steady growth — +19% more funds vs a year ago

fund count last 6Q
+32 new funds entered over the past year (+19% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟢

More buyers than sellers — 61% buying

110 buying70 selling
Last quarter: 110 funds were net buyers (34 opened a brand new position + 76 added to an existing one). Only 70 were sellers (59 trimmed + 11 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 this position for the first time: 29 → 29 → 16 → 34. A growing number of new institutional buyers means the stock is still being discovered — the opportunity hasn't been fully priced in.
🔒

56% of holders stayed for 2+ years

■ 56% conviction (2yr+) ■ 24% medium ■ 20% new
112 out of 200 hedge funds have held this stock for over 2 years without selling. Long-term holders are harder to shake out during market dips — they represent a stable ownership base that reduces the risk of sudden mass selling.
➡️

Steady discovery — ~34 new funds/quarter

26 → 29 → 29 → 16 → 34 new funds/Q
New funds entering each quarter: 29 → 29 → 16 → 34. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 62% of holders stayed 2+ years

■ 62% veterans ■ 12% 1-2yr ■ 27% new
Of 200 current holders: 123 (62%) 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 — 38% AUM from major funds

38% from top-100 AUM funds
19 of 200 holders rank in the top 100 by AUM, accounting for 38% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — 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: FSTA

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

Market Analysis: FSTA

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FSTA

-- --
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: FSTA
2026 Q1 Stats Unlock in 34 days 189 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 189 171 10.53%
13F Shares 10M 10M 2.43%
Total Value $513M $508M 1.08%
New Positions 27 16 +11
Increased Positions 75 60 +15
Closed Positions 9 31 -22
Reduced Positions 56 59 -3
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FSTA

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Valuation Measures Data as of: --

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

Financial Highlights

Profitability
Profit Margin --
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Institutional Holders (2026 Q1)
189 + investors

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

Top 23 institutional holders of FSTA — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 HERBST GROUP, LLC 1.23% 38,003 $2.0M
2 Nova Wealth Management, Inc. 0.54% 15,826 $828K
3 Sage Investment Advisers LLC 0.48% 12,385 $645K
4 LYNCH & ASSOCIATES/IN 0.29% 29,771 $1.6M
5 Buska Wealth Management, LLC 0.17% 8,198 $429K
6 Piscataqua Savings Bank 0.14% 3,705 $194K
7 Curran Financial Partners, LLC 0.12% 13,122 $687K
8 TrueWealth Advisors, LLC 0.11% 8,021 $420K
9 LongView Wealth Management 0.08% 6,054 $316K
10 High Point Wealth Management, LLC 0.05% 1,061 $56K
11 Rosenberg Matthew Hamilton 0.03% 2,986 $156K
12 NBC SECURITIES, INC. 0.03% 7,698 $403K
13 AssuredPartners Investment Advisors, LLC 0.02% 4,117 $218K
14 CREATIVE FINANCIAL DESIGNS INC /ADV 0.01% 3,751 $196K
15 CX Institutional 0.01% 7,046 —
16 IFP Advisors, Inc 0.00% 4,223 $221K
17 True Wealth Design, LLC 0.00% 235 $12K
18 Farther Finance Advisors, LLC 0.00% 6,121 $319K
19 Abound Wealth Management 0.00% 238 $12K
20 Merit Financial Group, LLC 0.00% 4,381 $229K
21 WOLFF WIESE MAGANA LLC 0.00% 31 $2K
22 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% 3,884 $204K
23 Cordant, Inc. 0.00% — —
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — FIDELITY COVINGTON TRUST (FSTA)

What does the Smart Money Trend signal show for FSTA?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added this stock 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 trade.

What is the institutional breadth score for FSTA?

More buyers than sellers — 61% buying: Last quarter: 110 funds were net buyers (34 opened a brand new position + 76 added to an existing one). Only 70 were sellers (59 trimmed + 11 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for FSTA holders?

Strong quality — 38% AUM from major funds: 19 of 200 holders rank in the top 100 by AUM, accounting for 38% 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 FSTA?

56% of holders stayed for 2+ years: 112 out of 200 hedge funds have held this stock for over 2 years without selling. Long-term holders are harder to shake out during market dips — they represent a stable ownership base that reduces the risk of sudden mass selling.

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.