Fidelity Covington Trust (FSTA) Hedge Fund Ownership (Q2 2026)

Fidelity Covington Trust (FSTA)

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

Smart Money Signals — FSTA

Based on 213 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 FSTA 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

213 hedge funds hold FSTA 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 — +6% more funds vs a year ago

fund count last 6Q

+12 new funds entered over the past year (+6% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.

🟡

Slight buying edge — 54% buying

112 buying96 selling

Last quarter: 112 funds bought or added vs 96 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.

📈

More new buyers each quarter (+11 vs last Q)

new funds entering per quarter

Funds opening a new FSTA position: 20 → 35 → 28 → 39. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

🔒

57% of holders stayed for 2+ years

■ 57% conviction (2yr+) ■ 20% medium ■ 23% new

121 out of 213 hedge funds have held FSTA 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.

📈

Growing discovery — still being found

30 → 20 → 35 → 28 → 39 new funds/Q

New funds entering each quarter: 20 → 35 → 28 → 39. A growing number of institutions are discovering FSTA each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.

🏛️

Veteran-anchored — 57% veterans vs 27% newcomers

■ 57% veterans ■ 15% 1-2yr ■ 27% new

Entry-cohort mix of 213 holders: 122 (57%) are 2+ year veterans, 33 entered 1–2 years ago, and 58 (27%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

🏆

Elite ownership — 41% AUM from top-100 funds

41% from top-100 AUM funds

24 of 211 holders are among the 100 largest funds by AUM, controlling 41% of total institutional value in FSTA. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

3.7

out of 10

Low Exit Risk

Exit risk score 3.7/10 — 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.

Metric	All 13F Filers (2026 Q2)	Prior (2026 Q1)	Change
Funds Holding	211	208	1.44%
13F Shares	11M	11M	3.01%
Total Value	$577M	$557M	3.6%
New Positions	39	28	+11
Increased Positions	73	79	-6
Closed Positions	34	32	+2
Reduced Positions	62	56	+6
Total Calls	0	1	-100.0%
Total Puts	0	1	-100.0%
PUT/CALL Ratio	0.0	1.0	Bullish

Metric

All 13F Filers (2026 Q2)

Prior (2026 Q1)

Change

Funds Holding

211

208

1.44%

13F Shares

11M

3.01%

Total Value

$577M

$557M

3.6%

New Positions

+11

Increased Positions

-6

Closed Positions

Reduced Positions

Total Calls

-100.0%

Total Puts

-100.0%

PUT/CALL Ratio

0.0

1.0

Bullish

Institutional Holders (2026 Q2)

211 + investors

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

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 FSTA holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Roxbury Financial LLC	2.36%	56,809	$3.0M
2	Compass Financial Group, INC/SD	2.14%	354,202	$18.6M
3	Fischer Financial Services, Inc.	1.94%	147,158	$7.7M
4	Marotta Asset Management	1.93%	220,729	$11.6M
5	Financial Perspectives, Inc	1.79%	139,634	$7.3M
6	Southern Capital Advisors, LLC	1.43%	65,003	$3.4M
7	Herbst Group, LLC	1.10%	38,555	$2.0M
8	Yoder Wealth Management, Inc.	0.98%	47,769	$2.5M
9	Adams Wealth Management	0.96%	95,871	$5.0M
10	KDK Private Wealth Management, LLC	0.95%	21,799	$1.1M
11	Certified Advisory Corp	0.93%	219,172	$11.5M
12	CacheTech Inc.	0.86%	100,967	$5.3M
13	Jacobs Equity LLC	0.77%	21,241	$1.1M
14	Bellwether Advisors, LLC	0.77%	98,689	$5.2M
15	Partners Wealth Management, LLC	0.76%	14,696	$772K
16	Atlas Capital Advisors INC.	0.52%	87,474	$4.6M
17	Maxele Advisors, LLC	0.51%	13,860	$728K
18	Nova Wealth Management, Inc.	0.48%	16,607	$873K
19	Lifeworks Advisors, LLC	0.38%	69,794	$3.7M
20	Atlas Brown,Inc.	0.36%	25,677	$1.3M
21	Lynch & Associates/In	0.33%	35,666	$1.9M
22	Larson Financial Group LLC	0.29%	207,592	$10.9M
23	Sweeney & Michel, LLC	0.26%	18,312	$986K
24	Sage Investment Advisers LLC	0.23%	6,556	$344K
25	Walker Financial Services, Inc.	0.22%	13,343	$701K

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 (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 FSTA 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 FSTA?

Slight buying edge — 54% buying: Last quarter: 112 funds bought or added vs 96 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 FSTA holders?

Elite ownership — 41% AUM from top-100 funds: 24 of 211 holders are among the 100 largest funds by AUM, controlling 41% of total institutional value in FSTA. 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 FSTA?

57% of holders stayed for 2+ years: 121 out of 213 hedge funds have held FSTA 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.

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Fidelity Covington Trust (FSTA)

Smart Money Signals — FSTA

Buying streak — 1 quarter in a row

At the ownership peak (100% of max)

Steady growth — +6% more funds vs a year ago

Slight buying edge — 54% buying

More new buyers each quarter (+11 vs last Q)

57% of holders stayed for 2+ years

Growing discovery — still being found

Veteran-anchored — 57% veterans vs 27% newcomers

Elite ownership — 41% AUM from top-100 funds

Institutional Sentiment Summary — FSTA

Hedge Fund Ownership: FSTA

Market Analysis: FSTA

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: FSTA

Hedge Fund Positioning: FSTA

Statistics: FSTA

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Fidelity Covington Trust (FSTA)

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