Stock Analysis
Data Source: SEC EDGAR 13F
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Fidelity Covington Trust (FUTY)

257 + Investors. Track Smart Money conviction in FUTY. 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
↑ +1
Streak
3Q ▲
Buyers last Q
58%

Smart Money Signals — FUTY

Based on 260 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds added FUTY 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
260 hedge funds hold FUTY 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 — +14% more funds vs a year ago

fund count last 6Q
+31 new funds entered over the past year (+14% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 58% buying

149 buying110 selling
Last quarter: 149 funds bought or added vs 110 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: 28 → 51 → 48 → 41. 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.
🔒

46% of holders stayed for 2+ years

46% conviction (2yr+) 27% medium 27% new
120 out of 260 hedge funds have held FUTY 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

44 → 28 → 51 → 48 → 41 new funds/Q
New funds entering each quarter: 28 → 51 → 48 → 41. A growing number of institutions are discovering FUTY each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 51% veterans vs 35% newcomers

51% veterans 15% 1-2yr 35% new
Entry-cohort mix of 260 holders: 132 (51%) are 2+ year veterans, 38 entered 1–2 years ago, and 90 (35%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 50% AUM from top-100 funds

50% from top-100 AUM funds
25 of 258 holders are among the 100 largest funds by AUM, controlling 50% of total institutional value in FUTY. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.9
out of 10
Low Exit Risk
Exit risk score 3.9/10 — 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 — FUTY

In 2026 Q2, 149 hedge funds were net buyers of FUTY (41 opened a new position, 108 added to an existing one), while 110 reduced or exited (70 trimmed, 40 sold completely) — a 58% buyer ratio, indicating a slight buying edge. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 50% of total institutional value in FUTY is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +1 funds (more new holders than closures). Total institutional holders: 260.

Hedge Fund Ownership: FUTY

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

Market Analysis: FUTY

Analyst Price Targets

Avg. Price Target
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Analyst Recommendations

Stock Performance

Real-time

Company Profile: FUTY

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

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Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

7 top-rated funds 1 high-conviction
Consensus
3.9
/ 10
breadth
×
Elite
2.0
/ 10
conviction
Hedge Fund Positioning: FUTY
257 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 257 259 -0.77%
13F Shares 19M 20M -6.82%
Total Value $1.08B $1.17B -7.74%
New Positions 41 48 -7
Increased Positions 108 103 +5
Closed Positions 41 45 -4
Reduced Positions 70 71 -1
Total Calls 0 1 -100.0%
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FUTY

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Institutional Holders (2026 Q2)

257 + investors

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

QUARTER:
Top 25 FUTY holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Targeted Financial Services LLC 2.52% 58,504 $3.4M
2 Avaii Wealth Management, LLC 2.46% 143,133 $8.4M
3 Traphagen Investment Advisors LLC 1.88% 449,543 $26.3M
4 High Point Wealth Management, LLC 1.75% 36,594 $2.1M
5 Primoris Wealth Advisors, LLC 1.74% 65,425 $3.8M
6 Sweeney & Michel, LLC 1.41% 95,020 $5.4M
7 Maltin Wealth Management, Inc. 1.40% 71,888 $4.2M
8 Richmond Brothers, Inc. 1.27% 41,897 $2.4M
9 Investment Management Corp /Va/ /Adv 1.19% 24,459 $1.4M
10 LifePlan Investment Advisors, Inc. 1.19% 59,173 $3.5M
11 Yoder Wealth Management, Inc. 1.02% 44,768 $2.6M
12 Maxele Advisors, LLC 0.91% 22,255 $1.3M
13 Conrad Siegel Investment Advisors, Inc. 0.76% 79,977 $4.7M
14 Northside Capital Management, LLC 0.65% 135,459 $7.9M
15 Grey Ledge Advisors, LLC 0.65% 55,038 $3.2M
16 AE Wealth Management LLC 0.51% 1,865,665 $109.0M
17 Zinnia Wealth Advisory, LLC 0.40% 6,642 $388K
18 Elevation Wealth Management LLC 0.39% 9,020 $527K
19 Nova Wealth Management, Inc. 0.37% 11,380 $665K
20 Jacobs Equity LLC 0.36% 8,986 $525K
21 Wealth Alliance Advisory Group, LLC 0.35% 41,891 $2.4M
22 Aspetuck Financial Management LLC 0.32% 9,446 $552K
23 IFG Advisory, LLC 0.32% 156,107 $9.1M
24 Richard C. Young & CO., LTD. 0.32% 74,002 $4.3M
25 Glass Jacobson Investment Advisors llc 0.30% 16,495 $964K
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 (FUTY)

What does the Smart Money Trend signal show for FUTY?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added FUTY 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 FUTY?

Slight buying edge — 58% buying: Last quarter: 149 funds bought or added vs 110 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 FUTY holders?

Elite ownership — 50% AUM from top-100 funds: 25 of 258 holders are among the 100 largest funds by AUM, controlling 50% of total institutional value in FUTY. 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 FUTY?

46% of holders stayed for 2+ years: 120 out of 260 hedge funds have held FUTY 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.

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