Fidelity Covington Trust (FDEV): Hedge Fund Ownership & Smart Money Signals (Q1 2026)

Fidelity Covington Trust (FDEV)

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

Smart Money Signals — FDEV

Based on 41 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 5 quarters in a row

last 6Q

For 5 consecutive quarters, more hedge funds added FDEV 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

41 hedge funds hold FDEV 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 — +116% more funds vs a year ago

fund count last 6Q

+22 new funds entered over the past year (+116% 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 — 67% buying

31 buying15 selling

Last quarter: 31 funds were net buyers (11 opened a brand new position + 20 added to an existing one). Only 15 were sellers (8 trimmed + 7 sold completely). A clear majority buying is a strong confirmation signal.

➡️

Steady new buyers — ~11 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 15 → 4 → 8 → 11. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

📌

Mixed — 37% long-term, 39% new

■ 37% conviction (2yr+) ■ 24% medium ■ 39% new

Of the 41 current holders: 15 (37%) held >2 years, 10 held 1–2 years, and 16 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.

➡️

Steady discovery — ~11 new funds/quarter

6 → 15 → 4 → 8 → 11 new funds/Q

New funds entering each quarter: 15 → 4 → 8 → 11. Consistent flow of new institutional buyers without clear acceleration or slowdown.

🌱

Early stage — 56% of holders entered in last year

■ 37% veterans ■ 7% 1-2yr ■ 56% new

Of 41 current holders: 23 (56%) entered in the past year, only 15 (37%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.

✅

Strong quality — 22% AUM from major funds

22% from top-100 AUM funds

10 of 40 holders rank in the top 100 by AUM, accounting for 22% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

4.8

out of 10

Moderate Exit Risk

Exit risk score 4.8/10 — 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	40	37	8.11%
13F Shares	2M	2M	17.54%
Total Value	$70M	$60M	15.54%
New Positions	10	8	+2
Increased Positions	20	20	-
Closed Positions	7	4	+3
Reduced Positions	8	6	+2
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

8.11%

13F Shares

17.54%

Total Value

$70M

$60M

15.54%

New Positions

Increased Positions

Closed Positions

Reduced Positions

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q1)

40 + investors

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

QUARTER:

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

Top 25 FDEV holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Apex Wealth Management, LLC	2.31%	94,354	$3.4M
2	Elm3 Financial Group, LLC	1.15%	38,201	$1.4M
3	Midwest Financial Network, LLC	0.62%	21,797	$778K
4	RCS Financial Planning, LLC	0.48%	25,664	$916K
5	ShoreHaven Wealth Partners, LLC	0.10%	7,489	$267K
6	Financial Management Network Inc	0.06%	10,240	$378K
7	Commonwealth Equity Services, LLC	0.03%	677,504	$24.2M
8	Centaurus Financial, INC.	0.01%	8,801	$314K
9	Cornerstone Planning Group LLC	0.01%	1,799	$66K
10	Arkadios Wealth Advisors	0.01%	14,856	$530K
11	&Partners	0.01%	45,579	$1.5M
12	Kestra Advisory Services, LLC	0.01%	53,068	$1.9M
13	Kestra Private Wealth Services, LLC	0.01%	15,553	$555K
14	Twin Peaks Wealth Advisors, LLC	0.01%	590	$21K
15	Raymond James Financial Inc	0.00%	437,477	$15.6M
16	Farther Finance Advisors, LLC	0.00%	8,318	$299K
17	Cetera Investment Advisers	0.00%	50,983	$1.8M
18	Sunbelt Securities, Inc.	0.00%	844	$30K
19	IFP Advisors, Inc	0.00%	1,592	$57K
20	Harbour Investments, INC.	0.00%	2,049	$73K
21	Envestnet Asset Management Inc	0.00%	115,763	$4.1M
22	Citadel Advisors LLC	0.00%	142,432	$5.1M
23	Creative Financial Designs Inc /Adv	0.00%	379	$14K
24	Wealth Enhancement Advisory Services, LLC	0.00%	10,616	$382K
25	Hrt Financial LP	0.00%	5,732	$204K

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 (FDEV)

What does the Smart Money Trend signal show for FDEV?

Buying streak — 5 quarters in a row: For 5 consecutive quarters, more hedge funds added FDEV 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 FDEV?

More buyers than sellers — 67% buying: Last quarter: 31 funds were net buyers (11 opened a brand new position + 20 added to an existing one). Only 15 were sellers (8 trimmed + 7 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for FDEV holders?

Strong quality — 22% AUM from major funds: 10 of 40 holders rank in the top 100 by AUM, accounting for 22% 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 FDEV?

Mixed — 37% long-term, 39% new: Of the 41 current holders: 15 (37%) held >2 years, 10 held 1–2 years, and 16 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 (FDEV) following the 2026 Q2 hedge fund 13F filings?

Since the quarter end (June 30, 2026), FDEV has gained +3.6% vs -0.2% 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 (FDEV)

Smart Money Signals — FDEV

Buying streak — 5 quarters in a row

At the ownership peak (100% of max)

Fast accumulation — +116% more funds vs a year ago

More buyers than sellers — 67% buying

Steady new buyers — ~11 new funds per quarter

Mixed — 37% long-term, 39% new

Steady discovery — ~11 new funds/quarter

Early stage — 56% of holders entered in last year

Strong quality — 22% AUM from major funds

Institutional Sentiment Summary — FDEV

Hedge Fund Ownership: FDEV

Market Analysis: FDEV

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: FDEV

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

Hedge Fund Positioning: FDEV

Statistics: FDEV

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — Fidelity Covington Trust (FDEV)

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