Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Fidelity Covington Trust (FTEC)

600 + 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
→ 0
Streak
1Q —
Buyers last Q
50%

Smart Money Signals — FTEC

Based on 604 hedge funds · latest filing: 2026 Q1 · updated quarterly

➡️

No change last quarter

last 6Q
The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
604 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 — +22% more funds vs a year ago

fund count last 6Q
+109 new funds entered over the past year (+22% 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 — 50% buying

268 buying269 selling
Last quarter: 268 funds bought or added vs 269 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 (-38 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 76 → 57 → 98 → 60. 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+) 27% medium 18% new
332 out of 604 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.
📈

Growing discovery — still being found

66 → 76 → 57 → 98 → 60 new funds/Q
New funds entering each quarter: 76 → 57 → 98 → 60. A growing number of institutions are discovering FTEC each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 56% veterans vs 26% newcomers

56% veterans 18% 1-2yr 26% new
Entry-cohort mix of 612 holders: 345 (56%) are 2+ year veterans, 109 entered 1–2 years ago, and 158 (26%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

Strong quality — 33% AUM from major funds

33% from top-100 AUM funds
29 of 603 holders rank in the top 100 by AUM, accounting for 33% 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 — FTEC

In 2026 Q1, 268 hedge funds were net buyers of FTEC (60 opened a new position, 208 added to an existing one), while 269 reduced or exited (209 trimmed, 60 sold completely) — a 50% buyer ratio, indicating a slight buying edge. 33% of total institutional value in FTEC is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: flat (entries and exits balanced). Total institutional holders: 604.

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

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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 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 · 76d ago
FTEC
+34.1%
SPY
+14.1%

FTEC outperformed SPY by +20.0% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 31d ago
FTEC
+3.1%
SPY
+0.3%

Since the filing became public, FTEC outperformed SPY by +2.8% .

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.

28 top-rated funds 13 high-conviction
Consensus
6.3
/ 10
breadth
×
Elite
3.5
/ 10
conviction
Hedge Fund Positioning: FTEC
600 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 600 604 -0.66%
13F Shares 17M 19M -12.68%
Total Value $3.41B $4.16B -18.05%
New Positions 59 98 -39
Increased Positions 204 209 -5
Closed Positions 63 43 +20
Reduced Positions 207 183 +24
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 Q1)

600 + 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 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Yoder Wealth Management, Inc. 9.30% 98,083 $20.4M
2 Mowery & Schoenfeld Wealth Management, LLC 6.34% 19,944 $4.1M
3 Fischer Financial Services, Inc. 6.17% 88,133 $18.3M
4 Portfolio Strategies, Inc. 5.96% 232,265 $48.3M
5 High Point Wealth Management, LLC 5.77% 28,731 $6.0M
6 KDK Private Wealth Management, LLC 5.35% 28,100 $5.8M
7 Primoris Wealth Advisors, LLC 5.31% 36,455 $7.6M
8 Independence Financial Advisors, LLC 4.67% 74,828 $15.6M
9 Eaton Financial Holdings Company, LLC 4.39% 64,451 $13.4M
10 Armor Investment Advisors, LLC 4.28% 57,065 $11.9M
11 Kraft, Davis & Associates, LLC 4.11% 78,202 $19.3M
12 Aspetuck Financial Management LLC 3.86% 27,081 $5.6M
13 Investment Advisory Services Group LLC 3.62% 19,977 $4.2M
14 Richard Bernstein Advisors LLC 3.58% 594,003 $123.6M
15 Jacobs Equity LLC 3.58% 19,247 $4.0M
16 Southern Capital Advisors, LLC 3.19% 32,796 $6.8M
17 Northwest Wealth Advisors, LLC 3.19% 21,463 $4.5M
18 Reliant Investment Partners, LLC 2.96% 17,174 $3.6M
19 Marotta Asset Management 2.65% 68,189 $14.4M
20 Fingerlakes Wealth Management, Inc. 2.63% 19,095 $4.0M
21 Financial Partners Group, Inc 2.63% 105,511 $22.0M
22 Clear Wave Wealth Management LLC 2.55% 56,636 $11.8M
23 Dahring | Cusmano LLC 2.06% 16,126 $3.4M
24 Sterling Investment Counsel, LLC 2.02% 34,567 $7.2M
25 Kestra Investment Management, LLC 1.96% 547,277 $113.9M
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?

No change last quarter: The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.

What is the institutional breadth score for FTEC?

Slight buying edge — 50% buying: Last quarter: 268 funds bought or added vs 269 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 — 33% AUM from major funds: 29 of 603 holders rank in the top 100 by AUM, accounting for 33% 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?

55% of holders stayed for 2+ years: 332 out of 604 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 Q1 hedge fund 13F filings?

As of today, FTEC has moved +3.1% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.3% for the SPY sector ETF — an outperformance of +2.8%. Since the quarter end (March 31, 2026), FTEC has gained +34.1% vs +14.1% 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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