Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

FIDELITY COVINGTON TRUST (FTEC)

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

Fetching live quote...
Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +50
Streak
3Q ▲
Buyers last Q
58%

Smart Money Signals — FTEC

Based on 568 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, 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
568 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
+103 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 — 58% buying

294 buying213 selling
Last quarter: 294 funds bought or added vs 213 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 (+37 vs last Q)

new funds entering per quarter
Funds opening a new FTEC position: 58 → 73 → 53 → 90. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

53% of holders stayed for 2+ years

53% conviction (2yr+) 24% medium 22% new
303 out of 568 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.
➡️

Steady discovery — ~90 new funds/quarter

74 → 58 → 73 → 53 → 90 new funds/Q
New funds entering each quarter: 58 → 73 → 53 → 90. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 55% of holders stayed 2+ years

55% veterans 17% 1-2yr 29% new
Of 574 current holders: 314 (55%) 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 — 33% AUM from major funds

33% from top-100 AUM funds
21 of 568 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.
3.8
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.

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

-- --
Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

42 top-rated funds 13 high-conviction
Consensus
7.1
/ 10
breadth
×
Elite
4.2
/ 10
conviction
Hedge Fund Positioning: FTEC
2026 Q1 Stats Unlock in 21 days 574 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 574 523 9.75%
13F Shares 19M 18M 3.19%
Total Value $4.14B $4.10B 0.79%
New Positions 91 55 +36
Increased Positions 210 187 +23
Closed Positions 41 38 +3
Reduced Positions 180 157 +23
Total Calls 4 4 -
Total Puts 4 3 33.33%
PUT/CALL Ratio 1.0 0.75 Neutral

Statistics: FTEC

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

574 + investors

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

Top 25 institutional holders of FTEC — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Yoder Wealth Management, Inc. 9.30% 98,083 $20.4M
2 Fischer Financial Services, Inc. 6.17% 88,133 $18.3M
3 High Point Wealth Management, LLC 5.77% 28,731 $6.0M
4 Independence Financial Advisors, LLC 4.67% 74,828 $15.6M
5 Eaton Financial Holdings Company, LLC 4.39% 64,451 $13.4M
6 Investment Advisory Services Group LLC 3.62% 19,977 $4.2M
7 Richard Bernstein Advisors LLC 3.58% 594,003 $123.6M
8 SOUTHERN CAPITAL ADVISORS, LLC 3.19% 32,796 $6.8M
9 Marotta Asset Management 2.65% 68,189 $14.4M
10 Fingerlakes Wealth Management, Inc. 2.63% 19,095 $4.0M
11 Financial Partners Group, Inc 2.63% 105,511 $22.0M
12 Sterling Investment Counsel, LLC 2.02% 34,567 $7.2M
13 Nova Wealth Management, Inc. 1.86% 13,724 $2.9M
14 JBR Co Financial Management Inc 1.63% 17,363 $3.9M
15 Crumly & Associates Inc. 1.50% 34,272 $7.1M
16 Elm3 Financial Group, LLC 1.31% 7,446 $1.5M
17 Maltin Wealth Management, Inc. 1.25% 15,701 $3.3M
18 NorthLanding Financial Partners, LLC 1.09% 6,491 $1.4M
19 NORTHBRIDGE FINANCIAL GROUP, LLC 1.08% 11,058 $2.5M
20 Mokosak Advisory Group, LLC 1.01% 19,388 $4.0M
21 Goldstone Financial Group, LLC 1.00% 44,288 $9.2M
22 Samalin Investment Counsel, LLC 1.00% 13,531 $2.8M
23 LYNCH & ASSOCIATES/IN 0.95% 24,271 $5.0M
24 Claro Advisors Inc. 0.94% 37,560 $7.8M
25 CAP Partners, LLC 0.91% 7,750 $1.6M
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 — 3 quarters in a row: For 3 consecutive quarters, 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 — 58% buying: Last quarter: 294 funds bought or added vs 213 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: 21 of 568 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?

53% of holders stayed for 2+ years: 303 out of 568 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.

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.