Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Fidelity Covington Trust (FUTY)

258 + 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
↑ +5
Streak
2Q ▲
Buyers last Q
57%

Smart Money Signals — FUTY

Based on 259 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 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
259 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.
🚀

Fast accumulation — +27% more funds vs a year ago

fund count last 6Q
+55 new funds entered over the past year (+27% 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 — 57% buying

151 buying114 selling
Last quarter: 151 funds bought or added vs 114 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.
➡️

Steady new buyers — ~48 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 43 → 27 → 51 → 48. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

45% of holders stayed for 2+ years

45% conviction (2yr+) 27% medium 28% new
117 out of 259 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

24 → 43 → 27 → 51 → 48 new funds/Q
New funds entering each quarter: 43 → 27 → 51 → 48. A growing number of institutions are discovering FUTY each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 50% veterans vs 34% newcomers

50% veterans 16% 1-2yr 34% new
Entry-cohort mix of 259 holders: 130 (50%) are 2+ year veterans, 41 entered 1–2 years ago, and 88 (34%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 58% AUM from top-100 funds

58% from top-100 AUM funds
18 of 256 holders are among the 100 largest funds by AUM, controlling 58% 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.
4.1
out of 10
Moderate Exit Risk
Exit risk score 4.1/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

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 Q1, 151 hedge funds were net buyers of FUTY (48 opened a new position, 103 added to an existing one), while 114 reduced or exited (71 trimmed, 43 sold completely) — a 57% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. 58% of total institutional value in FUTY is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +5 funds (more new holders than closures). Total institutional holders: 259.

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
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FUTY

-- --

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

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

Signal Freshness measures how much FUTY 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 · 80d ago
FUTY
-2.7%
SPY
+13.9%

FUTY outperformed SPY by -16.6% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 35d ago
FUTY
+0.3%
SPY
+0.2%

Since the filing became public, FUTY outperformed SPY by +0.1% .

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.

15 top-rated funds 2 high-conviction
Consensus
5.2
/ 10
breadth
×
Elite
2.6
/ 10
conviction
Hedge Fund Positioning: FUTY
258 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 258 254 1.57%
13F Shares 20M 21M -0.72%
Total Value $1.17B $1.13B 4.08%
New Positions 47 51 -4
Increased Positions 103 101 +2
Closed Positions 43 15 +28
Reduced Positions 71 60 +11
Total Calls 1 0 100%
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FUTY

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Institutional Holders (2026 Q1)

258 + 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 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Primoris Wealth Advisors, LLC 3.90% 94,325 $5.6M
2 Independence Financial Advisors, LLC 3.44% 194,038 $11.5M
3 Targeted Financial Services LLC 2.77% 57,118 $3.4M
4 Traphagen Investment Advisors LLC 1.90% 397,291 $23.5M
5 High Point Wealth Management, LLC 1.78% 31,228 $1.8M
6 Maltin Wealth Management, Inc. 1.61% 71,207 $4.2M
7 Sweeney & Michel, LLC 1.59% 90,613 $5.4M
8 LifePlan Investment Advisors, Inc. 1.38% 59,262 $3.5M
9 Yoder Wealth Management, Inc. 1.29% 48,013 $2.8M
10 Investment Management Corp /Va/ /Adv 1.20% 23,653 $1.4M
11 Conrad Siegel Investment Advisors, Inc. 0.82% 77,296 $4.6M
12 Grey Ledge Advisors, LLC 0.74% 55,846 $3.3M
13 Northside Capital Management, LLC 0.73% 139,939 $8.3M
14 AE Wealth Management LLC 0.54% 1,688,841 $99.8M
15 Zinnia Wealth Advisory, LLC 0.44% 6,715 $397K
16 Prairie Wealth Advisors, Inc. 0.44% $1.0M
17 Jacobs Equity LLC 0.41% 7,761 $458K
18 Wealth Alliance Advisory Group, LLC 0.40% 42,458 $2.5M
19 Elevated Capital Advisors, LLC 0.38% 25,704 $1.5M
20 Richard C. Young & CO., LTD. 0.36% 73,694 $4.4M
21 Roman Butler Fullerton & Co 0.32% 19,527 $1.2M
22 Glass Jacobson Investment Advisors llc 0.32% 15,794 $933K
23 Lifeworks Advisors, LLC 0.31% 40,667 $2.4M
24 Bellwether Advisors, LLC 0.31% 30,473 $1.8M
25 KDK Private Wealth Management, LLC 0.30% 5,550 $328K
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 — 2 quarters in a row: For 2 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 — 57% buying: Last quarter: 151 funds bought or added vs 114 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 — 58% AUM from top-100 funds: 18 of 256 holders are among the 100 largest funds by AUM, controlling 58% 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?

45% of holders stayed for 2+ years: 117 out of 259 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.

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

As of today, FUTY has moved +0.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.2% for the SPY sector ETF — an outperformance of +0.1%. Since the quarter end (March 31, 2026), FUTY has gained -2.7% vs +13.9% 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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