Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Fidelity Covington Trust (FDLO)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -5
Streak
1Q ▼
Buyers last Q
54%

Smart Money Signals — FDLO

Based on 159 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their FDLO positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (97% of max)

97% of all-time peak
159 hedge funds hold FDLO 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 — +16% more funds vs a year ago

fund count last 6Q
+22 new funds entered over the past year (+16% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 54% buying

80 buying69 selling
Last quarter: 80 funds bought or added vs 69 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 (-9 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 25 → 15 → 28 → 19. 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.
🔒

47% of holders stayed for 2+ years

■ 47% conviction (2yr+) ■ 30% medium ■ 24% new
74 out of 159 hedge funds have held FDLO 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

19 → 25 → 15 → 28 → 19 new funds/Q
New funds entering each quarter: 25 → 15 → 28 → 19. A growing number of institutions are discovering FDLO each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 50% veterans vs 30% newcomers

■ 50% veterans ■ 20% 1-2yr ■ 30% new
Entry-cohort mix of 159 holders: 79 (50%) are 2+ year veterans, 32 entered 1–2 years ago, and 48 (30%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 75% AUM from top-100 funds

75% from top-100 AUM funds
21 of 159 holders are among the 100 largest funds by AUM, controlling 75% of total institutional value in FDLO. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — 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 — FDLO

In 2026 Q1, 80 hedge funds were net buyers of FDLO (19 opened a new position, 61 added to an existing one), while 69 reduced or exited (45 trimmed, 24 sold completely) — a 54% buyer ratio, indicating a slight buying edge. 75% of total institutional value in FDLO is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -5 funds (more exits than new entries). Total institutional holders: 159.

Hedge Fund Ownership: FDLO

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

Market Analysis: FDLO

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FDLO

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

8 top-rated funds 2 high-conviction
Consensus
4.1
/ 10
breadth
×
Elite
2.3
/ 10
conviction
Hedge Fund Positioning: FDLO
2026 Q2 Stats Unlock in 1 days 158 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 158 163 -3.07%
13F Shares 15M 16M -11.49%
Total Value $926M $1.10B -15.47%
New Positions 19 28 -9
Increased Positions 60 68 -8
Closed Positions 24 15 +9
Reduced Positions 45 39 +6
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FDLO

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Institutional Holders (2026 Q2)

158 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in FDLO. 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.
Top 25 FDLO holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Campbell Deegan Wealth Management, LLC 16.35% 337,359 $23.1M
2 Alongside, LLC 2.61% 117,558 $7.8M
3 Kennedy Investment Group, INC. 2.23% 96,159 $6.6M
4 GFG Capital, LLC 1.89% 100,671 $6.9M
5 49 Wealth Management, LLC 1.74% 133,211 $9.1M
6 Strategic Advocates LLC 1.35% 5,108 $349K
7 Roxbury Financial LLC 0.82% 15,230 $1.0M
8 Mechanics Bank Trust Department 0.79% 93,546 $6.4M
9 Weaver Consulting Group 0.60% 42,778 $2.9M
10 Sequent Asset Management, LLC 0.53% 17,010 $1.1M
11 Abundance Wealth Counselors 0.40% 91,006 $6.2M
12 Unified Investment Management 0.39% 6,150 $420K
13 Buttonwood Financial Group, LLC 0.35% 8,988 $614K
14 Ameritas Advisory Services, LLC 0.35% 254,114 $17.4M
15 City Center Advisors, LLC 0.34% 6,224 $425K
16 Tempus Wealth Planning, LLC 0.30% 22,081 $1.5M
17 Westbourne Investments, INC. 0.20% 7,288 $498K
18 Smart Money Group LLC 0.20% 11,363 $776K
19 Valley Financial Group, Inc. 0.19% 5,540 $379K
20 Segall Bryant & Hamill, LLC 0.15% 186,105 $12.7M
21 Asset Allocation Strategies LLC 0.14% 13,278 $907K
22 Stonebridge Financial Planning Group, LLC 0.14% 6,250 $427K
23 Security Financial Services, INC. 0.13% 13,581 $928K
24 Samalin Investment Counsel, LLC 0.12% 5,519 $377K
25 Strategic Blueprint, LLC 0.10% 29,270 $2.0M
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 (FDLO)

What does the Smart Money Trend signal show for FDLO?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their FDLO positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for FDLO?

Slight buying edge — 54% buying: Last quarter: 80 funds bought or added vs 69 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 FDLO holders?

Elite ownership — 75% AUM from top-100 funds: 21 of 159 holders are among the 100 largest funds by AUM, controlling 75% of total institutional value in FDLO. 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 FDLO?

47% of holders stayed for 2+ years: 74 out of 159 hedge funds have held FDLO 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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