Fidelity Covington Trust (FELV) Hedge Fund Ownership (Q1 2026)

Q: Is it too late to buy Fidelity Covington Trust (FELV) following the 2026 Q2 hedge fund 13F filings?

As of today, FELV has moved +0.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to +0.0% for the SPY sector ETF — an outperformance of +0.0%. Since the quarter end (June 30, 2026), FELV gained +7.4% vs +3.9% 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.

Fidelity Covington Trust (FELV)

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

Smart Money Signals — FELV

Based on 158 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 10 quarters in a row

last 6Q

For 10 consecutive quarters, more hedge funds added FELV 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

158 hedge funds hold FELV 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 — +31% more funds vs a year ago

fund count last 6Q

+37 new funds entered over the past year (+31% 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 — 66% buying

93 buying48 selling

Last quarter: 93 funds were net buyers (26 opened a brand new position + 67 added to an existing one). Only 48 were sellers (35 trimmed + 13 sold completely). A clear majority buying is a strong confirmation signal.

➡️

Steady new buyers — ~26 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 26 → 22 → 31 → 26. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

📌

Mixed — 34% long-term, 32% new

■ 34% conviction (2yr+) ■ 35% medium ■ 32% new

Of the 158 current holders: 53 (34%) held >2 years, 55 held 1–2 years, and 50 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.

📈

Growing discovery — still being found

19 → 26 → 22 → 31 → 26 new funds/Q

New funds entering each quarter: 26 → 22 → 31 → 26. A growing number of institutions are discovering FELV each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.

📊

Mixed cohorts — 34% veterans, 44% new entrants

■ 34% veterans ■ 22% 1-2yr ■ 44% new

Of 158 current holders: 54 (34%) held 2+ years, 35 held 1–2 years, 69 (44%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.

🏆

Elite ownership — 70% AUM from top-100 funds

70% from top-100 AUM funds

15 of 158 holders are among the 100 largest funds by AUM, controlling 70% of total institutional value in FELV. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

4.1

out of 10

Moderate Exit Risk

Exit risk score 4.1/10 — 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.

Metric	All 13F Filers (2026 Q1)	Prior (2025 Q4)	Change
Funds Holding	156	144	8.33%
13F Shares	25M	23M	11.2%
Total Value	$853M	$848M	0.56%
New Positions	25	31	-6
Increased Positions	66	65	+1
Closed Positions	13	27	-14
Reduced Positions	35	21	+14
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

156

144

8.33%

13F Shares

25M

23M

11.2%

Total Value

$853M

$848M

0.56%

New Positions

-6

Increased Positions

Closed Positions

-14

Reduced Positions

+14

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q2)

156 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in FELV. 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.

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

Top 25 FELV holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Sowa Financial Group, Inc.	12.27%	656,484	$26.3M
2	Independence Financial Advisors, LLC	6.98%	671,110	$26.9M
3	Pathfinder Wealth Consulting, Inc.	2.65%	117,328	$4.1M
4	Processus Wealth & Capital Management, LLC	1.73%	73,794	$3.0M
5	Investmark Advisory Group LLC	1.51%	99,479	$4.0M
6	Weil Company, Inc.	1.46%	207,185	$8.3M
7	Advisory Resource Group	1.36%	225,693	$9.0M
8	FCG Investment Co	1.13%	81,415	$3.3M
9	Bestgate Wealth Advisors, LLC	0.69%	10,850	$435K
10	Harbor Asset Planning, Inc.	0.62%	20,668	$829K
11	BG Investment Services, LLC	0.61%	21,270	$853K
12	Vestia Personal Wealth Advisors	0.51%	32,345	$1.3M
13	Rasp Wealth Solutions, LLC	0.39%	29,406	$1.2M
14	Roxbury Financial LLC	0.36%	11,275	$452K
15	Alchemi Wealth, LLC	0.35%	18,390	$737K
16	Investment Advisory Group, LLC	0.31%	35,326	$1.4M
17	SpringVest Wealth Management LLC	0.29%	11,468	$460K
18	North Capital, Inc.	0.27%	8,881	$356K
19	Lynch & Associates/In	0.23%	33,092	$1.3M
20	FMA Wealth Management, LLC	0.18%	7,077	$284K
21	Warner Financial, Inc	0.18%	15,273	$612K
22	Evansbrook LLC	0.17%	7,134	$286K
23	Dynamic Financial Group	0.17%	5,627	$226K
24	S&A Financial Services, Inc.	0.17%	6,811	$273K
25	Odyssey Capital Advisors, Inc.	0.15%	5,234	$210K

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 (FELV)

What does the Smart Money Trend signal show for FELV?

Buying streak — 10 quarters in a row: For 10 consecutive quarters, more hedge funds added FELV 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 FELV?

More buyers than sellers — 66% buying: Last quarter: 93 funds were net buyers (26 opened a brand new position + 67 added to an existing one). Only 48 were sellers (35 trimmed + 13 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for FELV holders?

Elite ownership — 70% AUM from top-100 funds: 15 of 158 holders are among the 100 largest funds by AUM, controlling 70% of total institutional value in FELV. 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 FELV?

Mixed — 34% long-term, 32% new: Of the 158 current holders: 53 (34%) held >2 years, 55 held 1–2 years, and 50 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 (FELV) following the 2026 Q2 hedge fund 13F filings?

As of today, FELV has moved +0.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to +0.0% for the SPY sector ETF — an outperformance of +0.0%. Since the quarter end (June 30, 2026), FELV has gained +7.4% vs +3.9% 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 (FELV)

Smart Money Signals — FELV

Buying streak — 10 quarters in a row

At the ownership peak (100% of max)

Fast accumulation — +31% more funds vs a year ago

More buyers than sellers — 66% buying

Steady new buyers — ~26 new funds per quarter

Mixed — 34% long-term, 32% new

Growing discovery — still being found

Mixed cohorts — 34% veterans, 44% new entrants

Elite ownership — 70% AUM from top-100 funds

Institutional Sentiment Summary — FELV

Hedge Fund Ownership: FELV

Market Analysis: FELV

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: FELV

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

Hedge Fund Positioning: FELV

Statistics: FELV

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Fidelity Covington Trust (FELV)

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