Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Fidelity Covington Trust (FTEC)

648 + Investors. Track Smart Money conviction in FTEC. 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
↑ +52
Streak
1Q ▲
Buyers last Q
54%

Smart Money Signals — FTEC

Based on 656 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 FTEC 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
656 hedge funds hold FTEC 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 — +23% more funds vs a year ago

fund count last 6Q
+122 new funds entered over the past year (+23% 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 — 54% buying

306 buying263 selling
Last quarter: 306 funds bought or added vs 263 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 (+45 vs last Q)

new funds entering per quarter
Funds opening a new FTEC position: 58 → 99 → 60 → 105. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

52% of holders stayed for 2+ years

52% conviction (2yr+) 26% medium 22% new
344 out of 656 hedge funds have held FTEC 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.
💰

Price up while funds trimmed (+36% value, -1% shares)

Value
+35%
Shares
-1%
Last quarter: total value of institutional FTEC holdings rose +36% even though funds reduced share count by 1%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
➡️

Steady discovery — ~105 new funds/quarter

77 → 58 → 99 → 60 → 105 new funds/Q
New funds entering each quarter: 58 → 99 → 60 → 105. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 56% veterans vs 27% newcomers

56% veterans 16% 1-2yr 27% new
Entry-cohort mix of 662 holders: 373 (56%) are 2+ year veterans, 107 entered 1–2 years ago, and 182 (27%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

Strong quality — 35% AUM from major funds

35% from top-100 AUM funds
31 of 653 holders rank in the top 100 by AUM, accounting for 35% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — 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 — FTEC

In 2026 Q2, 306 hedge funds were net buyers of FTEC (105 opened a new position, 201 added to an existing one), while 263 reduced or exited (210 trimmed, 53 sold completely) — a 54% buyer ratio, indicating a slight buying edge. 35% of total institutional value in FTEC is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +52 funds (more new holders than closures). Total institutional holders: 656.

Hedge Fund Ownership: FTEC

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

Market Analysis: FTEC

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FTEC

-- --

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

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

Signal Freshness measures how much FTEC has moved relative to its sector benchmark (SPY) since the 2026 Q2 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 June 30, 2026 · 78d ago
FTEC
-0.4%
SPY
+5.2%

FTEC outperformed SPY by -5.6% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 33d ago
FTEC
-2.8%
SPY
-2.3%

Since the filing became public, FTEC outperformed SPY by -0.5% .

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.

16 top-rated funds 16 high-conviction
Consensus
5.3
/ 10
breadth
×
Elite
3.5
/ 10
conviction
Hedge Fund Positioning: FTEC
648 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 648 604 7.28%
13F Shares 17M 17M -1.12%
Total Value $4.63B $3.41B 35.51%
New Positions 102 60 +42
Increased Positions 198 205 -7
Closed Positions 55 62 -7
Reduced Positions 209 209 -
Total Calls 4 4 -
Total Puts 4 4 -
PUT/CALL Ratio 1.0 1.0 Neutral

Statistics: FTEC

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Institutional Holders (2026 Q2)

648 + investors

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

QUARTER:
Top 25 FTEC holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Yoder Wealth Management, Inc. 11.64% 104,253 $29.8M
2 Independence Financial Advisors, LLC 10.46% 141,263 $40.3M
3 Mowery & Schoenfeld Wealth Management, LLC 7.92% 20,358 $5.8M
4 High Point Wealth Management, LLC 6.87% 29,412 $8.4M
5 Portfolio Strategies, Inc. 6.64% 232,327 $67.7M
6 KDK Private Wealth Management, LLC 6.54% 27,613 $7.9M
7 Fischer Financial Services, Inc. 6.34% 88,406 $25.2M
8 Primoris Wealth Advisors, LLC 5.37% 41,251 $11.8M
9 Eaton Financial Holdings Company, LLC 5.27% 67,142 $19.2M
10 Armor Investment Advisors, LLC 5.14% 56,066 $16.0M
11 Aspetuck Financial Management LLC 4.77% 28,363 $8.1M
12 Kraft, Davis & Associates, LLC 4.37% 76,376 $20.9M
13 Investment Advisory Services Group LLC 4.32% 20,665 $5.9M
14 Maxele Advisors, LLC 3.94% 19,724 $5.6M
15 Southern Capital Advisors, LLC 3.81% 31,972 $9.1M
16 Northwest Wealth Advisors, LLC 3.73% 22,746 $6.5M
17 Jacobs Equity LLC 3.64% 18,443 $5.3M
18 Marotta Asset Management 3.36% 72,185 $20.2M
19 Succession Financial, INC. 3.25% 11,956 $3.4M
20 Reliant Investment Partners, LLC 3.22% 16,554 $4.7M
21 Financial Partners Group, Inc 3.07% 105,746 $30.2M
22 Fingerlakes Wealth Management, Inc. 3.00% 19,535 $5.6M
23 Dahring | Cusmano LLC 2.47% 16,423 $4.7M
24 Sterling Investment Counsel, LLC 2.39% 35,541 $10.1M
25 Oxford Wealth Group, LLC 2.23% 17,467 $5.0M
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 (FTEC)

What does the Smart Money Trend signal show for FTEC?

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

Slight buying edge — 54% buying: Last quarter: 306 funds bought or added vs 263 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 FTEC holders?

Strong quality — 35% AUM from major funds: 31 of 653 holders rank in the top 100 by AUM, accounting for 35% 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 FTEC?

52% of holders stayed for 2+ years: 344 out of 656 hedge funds have held FTEC 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 (FTEC) following the 2026 Q2 hedge fund 13F filings?

As of today, FTEC has moved -2.8% since the 2026 Q2 13F filing date (August 14, 2026), compared to -2.3% for the SPY sector ETF — an outperformance of -0.5%. Since the quarter end (June 30, 2026), FTEC has gained -0.4% vs +5.2% 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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