Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Fidelity Covington Trust (FDTX)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -1
Streak
1Q ▼
Buyers last Q
42%

Smart Money Signals — FDTX

Based on 38 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 FDTX 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
38 hedge funds hold FDTX 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 — +100% more funds vs a year ago

fund count last 6Q
+19 new funds entered over the past year (+100% 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 sellers than buyers — 42% buying

14 buying19 selling
Last quarter: 19 funds reduced or exited vs 14 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️

Steady new buyers — ~6 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 9 → 14 → 7 → 6. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔄

Mostly new holders — 39% entered in last year

■ 24% conviction (2yr+) ■ 37% medium ■ 39% new
Only 9 funds (24%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
⚠️

Saturation — most institutions already know this story

7 → 9 → 14 → 7 → 6 new funds/Q
New funds entering each quarter: 9 → 14 → 7 → 6. Far fewer institutions are entering now vs. a year ago. When the pool of potential new buyers shrinks this fast, future price support from institutional inflows weakens significantly.
📊

Mixed cohorts — 24% veterans, 53% new entrants

■ 24% veterans ■ 24% 1-2yr ■ 53% new
Of 38 current holders: 9 (24%) held 2+ years, 9 held 1–2 years, 20 (53%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
🏆

Elite ownership — 79% AUM from top-100 funds

79% from top-100 AUM funds
9 of 38 holders are among the 100 largest funds by AUM, controlling 79% of total institutional value in FDTX. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
5.1
out of 10
Moderate Exit Risk
Exit risk score 5.1/10 — 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 — FDTX

In 2026 Q1, 14 hedge funds were net buyers of FDTX (6 opened a new position, 8 added to an existing one), while 19 reduced or exited (12 trimmed, 7 sold completely) — a 42% buyer ratio, indicating roughly balanced activity. 79% of total institutional value in FDTX is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -1 funds (more exits than new entries). Total institutional holders: 38.

Hedge Fund Ownership: FDTX

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

Market Analysis: FDTX

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FDTX

-- --

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

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

Signal Freshness measures how much FDTX 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 · 88d ago
FDTX
nan%
SPY
+12.4%

FDTX outperformed SPY by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 43d ago
FDTX
nan%
SPY
-1.1%

Since the filing became public, FDTX outperformed SPY by nan% .

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.

3 top-rated funds 0 high-conviction
Consensus
2.6
/ 10
breadth
×
Elite
0.2
/ 10
conviction
Hedge Fund Positioning: FDTX
38 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 38 39 -2.56%
13F Shares 857K 964K -11.14%
Total Value $28M $37M -25.53%
New Positions 6 7 -1
Increased Positions 8 9 -1
Closed Positions 7 4 +3
Reduced Positions 12 9 +3
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FDTX

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Financial Highlights

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Institutional Holders (2026 Q1)

38 + investors

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

QUARTER:
Top 25 FDTX holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 BXM Wealth LLC 0.73% 25,840 $954K
2 Buska Wealth Management, LLC 0.16% 10,755 $397K
3 High Point Wealth Management, LLC 0.04% 1,000 $37K
4 Nbc Securities, INC. 0.02% 7,117 $263K
5 Noble Wealth Management PBC 0.02% 1,000 $37K
6 Kovack Advisors, Inc. 0.02% 9,215 $347K
7 Glass Jacobson Investment Advisors llc 0.01% 725 $27K
8 VestGen Advisors, LLC 0.01% 5,430 $268K
9 Commonwealth Equity Services, LLC 0.00% 60,214 $2.2M
10 Advisory Services Network, LLC 0.00% 5,910 $218K
11 Sunbelt Securities, Inc. 0.00% 862 $32K
12 Cheviot Value Management, LLC 0.00% 500 $18K
13 Wealthspire Advisors, LLC 0.00% 5,780 $213K
14 HighMark Wealth Management LLC 0.00% 105 $4K
15 Fmr LLC 0.00% 515,003 $19.0M
16 Harbour Investments, INC. 0.00% 1,616 $60K
17 IFP Advisors, Inc 0.00% 966 $36K
18 Osaic Holdings, INC. 0.00% 6,672 $246K
19 MCF Advisors LLC 0.00% 207 $8K
20 Central Pacific Bank - Trust Division 0.00% 71 $3K
21 Citadel Advisors LLC 0.00% 50,503 $1.9M
22 Cetera Investment Advisers 0.00% 7,016 $259K
23 AE Wealth Management LLC 0.00% 838 $31K
24 Parallel Advisors, LLC 0.00% 181 $7K
25 Envestnet Asset Management Inc 0.00% 9,115 $337K
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 (FDTX)

What does the Smart Money Trend signal show for FDTX?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their FDTX 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 FDTX?

More sellers than buyers — 42% buying: Last quarter: 19 funds reduced or exited vs 14 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for FDTX holders?

Elite ownership — 79% AUM from top-100 funds: 9 of 38 holders are among the 100 largest funds by AUM, controlling 79% of total institutional value in FDTX. 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 FDTX?

Mostly new holders — 39% entered in last year: Only 9 funds (24%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

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

As of today, FDTX has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to -1.1% for the SPY sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), FDTX has gained nan% vs +12.4% 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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