Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

FIDELITY COVINGTON TRUST (FELC)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +30
Streak
9Q ▲
Buyers last Q
75%

Smart Money Signals — FELC

Based on 206 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 9 quarters in a row

last 6Q
For 9 consecutive quarters, more hedge funds added FELC 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
206 hedge funds hold FELC 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 — +53% more funds vs a year ago

fund count last 6Q
+71 new funds entered over the past year (+53% 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 — 75% buying

146 buying49 selling
Last quarter: 146 funds were net buyers (48 opened a brand new position + 98 added to an existing one). Only 49 were sellers (31 trimmed + 18 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+15 vs last Q)

new funds entering per quarter
Funds opening a new FELC position: 27 → 28 → 33 → 48. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔄

Mostly new holders — 38% entered in last year

■ 22% conviction (2yr+) ■ 40% medium ■ 38% new
Only 45 funds (22%) 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.
📈

Growing discovery — still being found

39 → 27 → 28 → 33 → 48 new funds/Q
New funds entering each quarter: 27 → 28 → 33 → 48. A growing number of institutions are discovering FELC each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
📊

Mixed cohorts — 1% veterans, 54% new entrants

■ 1% veterans ■ 44% 1-2yr ■ 54% new
Of 206 current holders: 3 (1%) held 2+ years, 91 held 1–2 years, 112 (54%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
🏆

Elite ownership — 65% AUM from top-100 funds

65% from top-100 AUM funds
14 of 206 holders are among the 100 largest funds by AUM, controlling 65% of total institutional value in FELC. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.5
out of 10
Moderate Exit Risk
Exit risk score 4.5/10 — 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.

Hedge Fund Ownership: FELC

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

Market Analysis: FELC

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FELC

-- --

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

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

15 top-rated funds 7 high-conviction
Consensus
5.2
/ 10
breadth
×
Elite
3.5
/ 10
conviction
Hedge Fund Positioning: FELC
2026 Q1 Stats Unlock in 10 days 206 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 206 176 17.05%
13F Shares 81M 66M 21.68%
Total Value $3.07B $2.48B 24.08%
New Positions 48 33 +15
Increased Positions 98 90 +8
Closed Positions 18 19 -1
Reduced Positions 31 30 +1
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FELC

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Valuation Measures Data as of: --

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Enterprise Value --
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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
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Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

206 + investors

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

Top 25 institutional holders of FELC — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 EdgeRock Capital LLC 18.85% 1,918,682 $69.7M
2 KFG WEALTH MANAGEMENT, LLC 15.49% 3,304,054 $119.8M
3 Blake Schutter Theil Wealth Advisors, LLC 14.00% 473,649 $17.2M
4 Fragasso Financial Advisors Inc 8.42% 3,803,351 $139.7M
5 Williams & Novak, LLC 4.84% 176,956 $6.5M
6 Clearwave Capital, LLC 4.58% 184,494 $6.7M
7 SHP Wealth Management 4.56% 1,667,985 $60.5M
8 VALLEY NATIONAL ADVISERS INC 3.71% 790,948 $29K
9 Mascoma Wealth Management LLC 3.13% 416,910 $15.1M
10 LINCOLN CAPITAL CORP 1.98% 148,473 $5.4M
11 Able Wealth Management LLC 1.45% 149,507 $5.4M
12 Rooted Wealth Advisors, Inc. 1.11% 106,667 $4.2M
13 Element Wealth, LLC 0.80% 53,191 $1.9M
14 AAF Wealth Management, LLC 0.79% 53,392 $1.9M
15 TBH Global Asset Management, LLC 0.65% 89,300 $3.2M
16 Broadview Financial Management, LLC 0.65% 26,129 $948K
17 SILVERLAKE WEALTH MANAGEMENT LLC 0.61% 80,534 $2.9M
18 Axis Wealth Partners, LLC 0.50% 25,941 $941K
19 Salus Financial Advisors, LLC 0.49% 22,993 $834K
20 Financial Partners Group, Inc 0.45% 103,060 $3.7M
21 Meadow Creek Wealth Advisors LLC 0.41% 17,362 $630K
22 Harbor Asset Planning, Inc. 0.40% 12,955 $470K
23 Alchemi Wealth, LLC 0.37% 18,355 $666K
24 KPP Advisory Services LLC 0.36% 67,621 $2.5M
25 Storgate, LLC 0.35% 12,246 $444K
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 (FELC)

What does the Smart Money Trend signal show for FELC?

Buying streak — 9 quarters in a row: For 9 consecutive quarters, more hedge funds added FELC 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 FELC?

More buyers than sellers — 75% buying: Last quarter: 146 funds were net buyers (48 opened a brand new position + 98 added to an existing one). Only 49 were sellers (31 trimmed + 18 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for FELC holders?

Elite ownership — 65% AUM from top-100 funds: 14 of 206 holders are among the 100 largest funds by AUM, controlling 65% of total institutional value in FELC. 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 FELC?

Mostly new holders — 38% entered in last year: Only 45 funds (22%) 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.

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.