Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Fidelity Covington Trust (FSTA)

206 + 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
↓ -2
Streak
1Q ▼
Buyers last Q
55%

Smart Money Signals — FSTA

Based on 208 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their FSTA positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (99% of max)

99% of all-time peak
208 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 — +8% more funds vs a year ago

fund count last 6Q
+16 new funds entered over the past year (+8% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 55% buying

107 buying86 selling
Last quarter: 107 funds bought or added vs 86 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.
⚠️

Fewer new buyers each quarter (-7 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 29 → 19 → 35 → 28. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

55% of holders stayed for 2+ years

■ 55% conviction (2yr+) ■ 24% medium ■ 22% new
114 out of 208 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

31 → 29 → 19 → 35 → 28 new funds/Q
New funds entering each quarter: 29 → 19 → 35 → 28. A growing number of institutions are discovering FSTA each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 58% veterans vs 28% newcomers

■ 58% veterans ■ 13% 1-2yr ■ 28% new
Entry-cohort mix of 209 holders: 122 (58%) are 2+ year veterans, 28 entered 1–2 years ago, and 59 (28%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 39% AUM from major funds

39% from top-100 AUM funds
22 of 205 holders rank in the top 100 by AUM, accounting for 39% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
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.

Institutional Sentiment Summary — FSTA

In 2026 Q1, 107 hedge funds were net buyers of FSTA (28 opened a new position, 79 added to an existing one), while 86 reduced or exited (56 trimmed, 30 sold completely) — a 55% buyer ratio, indicating a slight buying edge. 39% of total institutional value in FSTA is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -2 funds (more exits than new entries). Total institutional holders: 208.

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

-- --

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

Is It Too Late to Buy Fidelity Covington Trust (FSTA) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much FSTA 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 · 81d ago
FSTA
nan%
SPY
+15.1%

FSTA outperformed SPY by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 36d ago
FSTA
nan%
SPY
+1.3%

Since the filing became public, FSTA outperformed SPY by nan% .

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.

11 top-rated funds 2 high-conviction
Consensus
4.7
/ 10
breadth
×
Elite
2.3
/ 10
conviction
Hedge Fund Positioning: FSTA
206 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 206 210 -1.9%
13F Shares 11M 11M 1.14%
Total Value $557M $522M 6.7%
New Positions 27 35 -8
Increased Positions 79 80 -1
Closed Positions 31 12 +19
Reduced Positions 56 60 -4
Total Calls 1 0 100%
Total Puts 1 0 100%
PUT/CALL Ratio 1.0 0.0 Neutral

Statistics: FSTA

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

206 + 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:
Top 25 FSTA holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Roxbury Financial LLC 2.67% 56,794 $3.0M
2 Fischer Financial Services, Inc. 2.53% 143,702 $7.5M
3 Compass Financial Group, INC/SD 2.39% 325,949 $17.1M
4 Financial Perspectives, Inc 1.98% 135,678 $7.1M
5 Marotta Asset Management 1.87% 195,107 $10.2M
6 Southern Capital Advisors, LLC 1.56% 63,603 $3.3M
7 Herbst Group, LLC 1.23% 38,003 $2.0M
8 Yoder Wealth Management, Inc. 1.13% 47,158 $2.5M
9 Adams Wealth Management 1.08% 93,828 $4.9M
10 KDK Private Wealth Management, LLC 1.05% 21,943 $1.1M
11 Certified Advisory Corp 1.01% 215,780 $11.3M
12 CacheTech Inc. 0.98% 97,674 $5.1M
13 Bellwether Advisors, LLC 0.98% 110,793 $5.8M
14 Jacobs Equity LLC 0.94% 19,551 $1.1M
15 Partners Wealth Management, LLC 0.80% 14,778 $773K
16 Nova Wealth Management, Inc. 0.54% 15,826 $828K
17 Atlas Capital Advisors INC. 0.52% 87,474 $4.6M
18 Sage Investment Advisers LLC 0.48% 12,385 $645K
19 Lifeworks Advisors, LLC 0.45% 67,477 $3.5M
20 Atlas Brown,Inc. 0.41% 26,058 $1.4M
21 Larson Financial Group LLC 0.33% 197,003 $10.3M
22 Walker Financial Services, Inc. 0.32% 17,950 $939K
23 Lynch & Associates/In 0.29% 29,771 $1.6M
24 Sweeney & Michel, LLC 0.28% 18,234 $953K
25 Prairie Wealth Advisors, Inc. 0.24% — $550K
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?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their FSTA positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for FSTA?

Slight buying edge — 55% buying: Last quarter: 107 funds bought or added vs 86 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?

Strong quality — 39% AUM from major funds: 22 of 205 holders rank in the top 100 by AUM, accounting for 39% 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?

55% of holders stayed for 2+ years: 114 out of 208 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.

Is it too late to buy Fidelity Covington Trust (FSTA) following the 2026 Q1 hedge fund 13F filings?

As of today, FSTA has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.3% for the SPY sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), FSTA has gained nan% vs +15.1% 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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