Fidelity Covington Trust (FBCG) Hedge Fund Ownership (Q1 2026)

Q: Is it too late to buy Fidelity Covington Trust (FBCG) following the 2026 Q2 hedge fund 13F filings?

As of today, FBCG has moved +0.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to +0.0% for the SPY sector ETF — an outperformance of +0.0%. Since the quarter end (June 30, 2026), FBCG gained +1.4% vs +3.9% 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.

Fidelity Covington Trust (FBCG)

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

Smart Money Signals — FBCG

Based on 264 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 6 quarters in a row

last 6Q

For 6 consecutive quarters, more hedge funds added FBCG 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

264 hedge funds hold FBCG 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 — +39% more funds vs a year ago

fund count last 6Q

+74 new funds entered over the past year (+39% 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.

🟢

More buyers than sellers — 61% buying

160 buying103 selling

Last quarter: 160 funds were net buyers (39 opened a brand new position + 121 added to an existing one). Only 103 were sellers (71 trimmed + 32 sold completely). A clear majority buying is a strong confirmation signal.

⚠️

Fewer new buyers each quarter (-20 vs last Q)

new funds entering per quarter

Funds opening this position for the first time: 34 → 42 → 59 → 39. 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.

📌

Mixed — 28% long-term, 34% new

■ 28% conviction (2yr+) ■ 37% medium ■ 34% new

Of the 264 current holders: 75 (28%) held >2 years, 98 held 1–2 years, and 91 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

💎

Buying through price weakness — shares -23%, value -82%

Value

-81%

-23%

Last quarter: funds added -23% more shares while total portfolio value only changed -82%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.

📈

Growing discovery — still being found

40 → 34 → 42 → 59 → 39 new funds/Q

New funds entering each quarter: 34 → 42 → 59 → 39. A growing number of institutions are discovering FBCG each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.

📊

Mixed cohorts — 28% veterans, 44% new entrants

■ 28% veterans ■ 28% 1-2yr ■ 44% new

Of 264 current holders: 75 (28%) held 2+ years, 73 held 1–2 years, 116 (44%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.

🏆

Elite ownership — 41% AUM from top-100 funds

41% from top-100 AUM funds

22 of 264 holders are among the 100 largest funds by AUM, controlling 41% of total institutional value in FBCG. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

4.4

out of 10

Moderate Exit Risk

Exit risk score 4.4/10 — 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.

Metric	All 13F Filers (2026 Q1)	Prior (2025 Q4)	Change
Funds Holding	262	256	2.34%
13F Shares	74M	96M	-23.12%
Total Value	$3.65B	$19.89B	-81.66%
New Positions	39	58	-19
Increased Positions	121	109	+12
Closed Positions	33	19	+14
Reduced Positions	69	58	+11
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

262

256

2.34%

13F Shares

74M

96M

-23.12%

Total Value

$3.65B

$19.89B

-81.66%

New Positions

-19

Increased Positions

121

109

+12

Closed Positions

+14

Reduced Positions

+11

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q2)

262 + investors

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

QUARTER:

2026 Q2 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 FBCG holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Clarity Retirement & Wealth, LLC	19.55%	456,289	$28.3M
2	Sowa Financial Group, Inc.	18.31%	632,394	$39.3M
3	Keenan, LLC	16.80%	382,839	$23.8M
4	Accredited Investor Services, LLC	16.42%	467,976	$29.1M
5	Storgate, LLC	16.42%	1,274,528	$79.2M
6	BG Investment Services, LLC	16.14%	360,816	$22.4M
7	KFA Private Wealth Group, LLC	15.77%	1,054,517	$65.5M
8	Gr Financial Group, LLC	13.49%	1,598,116	$99.3M
9	Align Financial, LLC	8.58%	278,264	$17.3M
10	Centerline Wealth Advisors, LLC	8.02%	411,896	$25.6M
11	Arwa LLC	7.36%	292,114	$17.7M
12	Salus Financial Advisors, LLC	6.88%	224,609	$14.0M
13	Portfolio Strategies, Inc.	6.52%	839,835	$66.5M
14	Advantage Trust Co	5.78%	264,719	$16.4M
15	Providence Financial Advisors, LLC	5.77%	163,362	$10.1M
16	Sagespring Wealth Partners, LLC	5.26%	5,514,169	$342.5M
17	Barnes Pettey Financial Advisors, LLC	4.90%	251,678	$15.6M
18	Daybright Advisory Services, Inc.	4.84%	339,153	$20.3M
19	Dahring \| Cusmano LLC	4.60%	140,399	$8.7M
20	Storen Legacy Partners, LLC	4.27%	252,319	$15.7M
21	Gilbert Capital Group, Inc.	4.15%	95,420	$5.9M
22	Roxbury Financial LLC	4.03%	82,001	$5.1M
23	Dedeker Financial LLC	3.80%	107,587	$6.7M
24	Copper Harbor Investment Advisors, LLC	3.68%	280,205	$17.4M
25	Variant Private Wealth, LLC	3.34%	47,880	$3.0M

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 (FBCG)

What does the Smart Money Trend signal show for FBCG?

Buying streak — 6 quarters in a row: For 6 consecutive quarters, more hedge funds added FBCG 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 FBCG?

More buyers than sellers — 61% buying: Last quarter: 160 funds were net buyers (39 opened a brand new position + 121 added to an existing one). Only 103 were sellers (71 trimmed + 32 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for FBCG holders?

Elite ownership — 41% AUM from top-100 funds: 22 of 264 holders are among the 100 largest funds by AUM, controlling 41% of total institutional value in FBCG. 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 FBCG?

Mixed — 28% long-term, 34% new: Of the 264 current holders: 75 (28%) held >2 years, 98 held 1–2 years, and 91 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

Is it too late to buy Fidelity Covington Trust (FBCG) following the 2026 Q2 hedge fund 13F filings?

As of today, FBCG has moved +0.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to +0.0% for the SPY sector ETF — an outperformance of +0.0%. Since the quarter end (June 30, 2026), FBCG has gained +1.4% vs +3.9% 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.

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Fidelity Covington Trust (FBCG)

Smart Money Signals — FBCG

Buying streak — 6 quarters in a row

At the ownership peak (100% of max)

Fast accumulation — +39% more funds vs a year ago

More buyers than sellers — 61% buying

Fewer new buyers each quarter (-20 vs last Q)

Mixed — 28% long-term, 34% new

Buying through price weakness — shares -23%, value -82%

Growing discovery — still being found

Mixed cohorts — 28% veterans, 44% new entrants

Elite ownership — 41% AUM from top-100 funds

Institutional Sentiment Summary — FBCG

Hedge Fund Ownership: FBCG

Market Analysis: FBCG

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: FBCG

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

Hedge Fund Positioning: FBCG

Statistics: FBCG

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Fidelity Covington Trust (FBCG)

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