Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Fidelity Covington Trust (FDRR)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +4
Streak
1Q ▲
Buyers last Q
63%

Smart Money Signals — FDRR

Based on 112 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added FDRR 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
112 hedge funds hold FDRR 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 — +23% more funds vs a year ago

fund count last 6Q
+21 new funds entered over the past year (+23% 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 — 63% buying

67 buying40 selling
Last quarter: 67 funds were net buyers (17 opened a brand new position + 50 added to an existing one). Only 40 were sellers (27 trimmed + 13 sold completely). A clear majority buying is a strong confirmation signal.
➡️

Steady new buyers — ~17 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 13 → 21 → 12 → 17. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

56% of holders stayed for 2+ years

■ 56% conviction (2yr+) ■ 20% medium ■ 24% new
63 out of 112 hedge funds have held FDRR 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.
➡️

Steady discovery — ~17 new funds/quarter

9 → 13 → 21 → 12 → 17 new funds/Q
New funds entering each quarter: 13 → 21 → 12 → 17. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 60% veterans vs 29% newcomers

■ 60% veterans ■ 12% 1-2yr ■ 29% new
Entry-cohort mix of 112 holders: 67 (60%) are 2+ year veterans, 13 entered 1–2 years ago, and 32 (29%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 27% AUM from major funds

27% from top-100 AUM funds
15 of 112 holders rank in the top 100 by AUM, accounting for 27% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — 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 — FDRR

In 2026 Q2, 67 hedge funds were net buyers of FDRR (17 opened a new position, 50 added to an existing one), while 40 reduced or exited (27 trimmed, 13 sold completely) — a 63% buyer ratio, indicating clear institutional accumulation. 27% of total institutional value in FDRR is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +4 funds (more new holders than closures). Total institutional holders: 112.

Hedge Fund Ownership: FDRR

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

Market Analysis: FDRR

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FDRR

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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.

1 top-rated funds 3 high-conviction
Consensus
1.3
/ 10
breadth
×
Elite
2.0
/ 10
conviction
Hedge Fund Positioning: FDRR
112 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 112 108 3.7%
13F Shares 4M 4M 5.71%
Total Value $244M $203M 20.2%
New Positions 17 12 +5
Increased Positions 50 42 +8
Closed Positions 13 14 -1
Reduced Positions 27 33 -6
Total Calls 0 0 -
Total Puts 0 1 -100.0%
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FDRR

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Institutional Holders (2026 Q2)

112 + investors

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

QUARTER:
Top 25 FDRR holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Charter Capital Management, LLC\DE 3.85% 134,216 $8.7M
2 Sugar Maple Asset Management, LLC 2.16% 51,720 $3.4M
3 Geneva Partners, LLC 1.43% 82,906 $5.4M
4 Ameritas Advisory Services, LLC 1.43% 1,092,623 $70.9M
5 Midwest Financial Network, LLC 0.90% 20,374 $1.3M
6 Cdm Financial Counseling Services, INC. 0.44% 7,850 $509K
7 RCS Financial Planning, LLC 0.42% 13,637 $885K
8 Stonebridge Financial Planning Group, LLC 0.36% 17,533 $1.1M
9 Flagship Wealth Advisors, LLC 0.24% 16,267 $1.1M
10 MFA Wealth Services 0.15% 3,782 $245K
11 Herold Advisors, Inc. 0.14% 11,070 $718K
12 KERR FINANCIAL PLANNING Corp 0.14% 1,870 $121K
13 Creative Financial Designs Inc /Adv 0.12% 38,607 $2.5M
14 BXM Wealth LLC 0.11% 3,200 $208K
15 Landaas & Co /Wi /Adv 0.10% 8,151 $529K
16 Glass Jacobson Investment Advisors llc 0.08% 4,053 $263K
17 PFG Advisors 0.08% 24,337 $1.6M
18 ShoreHaven Wealth Partners, LLC 0.08% 3,749 $243K
19 Beck Bode, LLC 0.08% 7,789 $505K
20 EP Wealth Advisors, LLC 0.07% 278,867 $18.1M
21 Twin Peaks Wealth Advisors, LLC 0.07% 4,604 $299K
22 Monetary Solutions, Ltd 0.07% 1,191 $77K
23 Mascoma Wealth Management LLC 0.05% 4,465 $290K
24 PKS Advisory Services, LLC 0.05% 5,062 $328K
25 Moneco Advisors, LLC 0.05% 13,000 $843K
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 (FDRR)

What does the Smart Money Trend signal show for FDRR?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added FDRR 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 FDRR?

More buyers than sellers — 63% buying: Last quarter: 67 funds were net buyers (17 opened a brand new position + 50 added to an existing one). Only 40 were sellers (27 trimmed + 13 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for FDRR holders?

Strong quality — 27% AUM from major funds: 15 of 112 holders rank in the top 100 by AUM, accounting for 27% 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 FDRR?

56% of holders stayed for 2+ years: 63 out of 112 hedge funds have held FDRR 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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