Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Fidelity Covington Trust (FEMR)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +8
Streak
5Q ▲
Buyers last Q
78%

Smart Money Signals — FEMR

Based on 19 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 5 quarters in a row

last 5Q
For 5 consecutive quarters, more hedge funds added FEMR 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
19 hedge funds hold FEMR right now — the highest count in 1.5 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 — +375% more funds vs a year ago

fund count last 6Q
+15 new funds entered over the past year (+375% 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 — 78% buying

14 buying4 selling
Last quarter: 14 funds were net buyers (9 opened a brand new position + 5 added to an existing one). Only 4 were sellers (3 trimmed + 1 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+7 vs last Q)

new funds entering per quarter
Funds opening a new FEMR position: 6 → 3 → 2 → 9. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔄

Mostly new holders — 63% entered in last year

■ 0% conviction (2yr+) ■ 37% medium ■ 63% new
Only 0 funds (0%) 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.
➡️

Steady discovery — ~9 new funds/quarter

2 → 6 → 3 → 2 → 9 new funds/Q
New funds entering each quarter: 6 → 3 → 2 → 9. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🌱

Early stage — 89% of holders entered in last year

■ 0% veterans ■ 11% 1-2yr ■ 89% new
Of 19 current holders: 17 (89%) entered in the past year, only 0 (0%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.
📋

Smaller funds dominant — 4% AUM from top-100

4% from top-100 AUM funds
3 of 19 holders rank in the top 100 by AUM, but together hold only 4% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
6.6
out of 10
Moderate Exit Risk
Exit risk score 6.6/10 — 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 — FEMR

In 2026 Q1, 14 hedge funds were net buyers of FEMR (9 opened a new position, 5 added to an existing one), while 4 reduced or exited (3 trimmed, 1 sold completely) — a 78% buyer ratio, indicating clear institutional accumulation. This marks 5 consecutive quarters of net institutional buying — a persistent conviction signal. Net fund flow last quarter: +8 funds (more new holders than closures). Total institutional holders: 19.

Hedge Fund Ownership: FEMR

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

Market Analysis: FEMR

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FEMR

-- --

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.

1 top-rated funds 1 high-conviction
Consensus
1.3
/ 10
breadth
×
Elite
2.4
/ 10
conviction
Hedge Fund Positioning: FEMR
27 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 27 19 42.11%
13F Shares 2M 2M 25.05%
Total Value $92M $61M 50.95%
New Positions 10 9 +1
Increased Positions 12 5 +7
Closed Positions 2 1 +1
Reduced Positions 3 3 -
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FEMR

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
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) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q2)

27 + investors

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

QUARTER:
Top 25 FEMR holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 InTrack Investment Management Inc 2.14% 101,235 $4.3M
2 SK Wealth Management, LLC 2.11% 232,917 $9.4M
3 FWG Holdings, LLC 1.73% 127,159 $5.0M
4 1015 Capital Partners, LLC 0.93% 25,988 $1.1M
5 MFA Wealth Services 0.83% 32,812 $1.4M
6 Elm3 Financial Group, LLC 0.64% 22,061 $939K
7 Pathfinder Wealth Consulting, Inc. 0.37% 16,658 $569K
8 Advisory Resource Group 0.35% 54,593 $2.3M
9 Element Wealth, LLC 0.34% 21,244 $905K
10 EverSource Wealth Advisors, LLC 0.09% 61,564 $2.6M
11 Founders Financial Securities LLC 0.07% 30,984 $1.3M
12 Financial Strategies Group, Inc. 0.06% 10,099 $407K
13 Commonwealth Equity Services, LLC 0.06% 1,179,256 $50.2M
14 Canvas Wealth Advisors, LLC 0.03% 4,834 $206K
15 Integrated Wealth Concepts LLC 0.02% 89,312 $3.8M
16 Fiduciary Financial Advisors 0.01% 2,129 $91K
17 Atlatl Advisers LLC 0.01% 785 $33K
18 Independent Financial Group, LLC 0.00% 4,976 $212K
19 Noble Wealth Management PBC 0.00% 150 $6K
20 Pinnacle Financial Partners, Inc. 0.00% 6,279 $267K
21 Equitable Holdings, Inc. 0.00% 6,524 $278K
22 Private Advisor Group, LLC 0.00% 6,117 $260K
23 Citadel Advisors LLC 0.00% 88,456 $3.8M
24 LPL Financial LLC 0.00% 25,786 $1.1M
25 Jane Street Group, LLC 0.00% 33,854 $1.4M
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 (FEMR)

What does the Smart Money Trend signal show for FEMR?

Buying streak — 5 quarters in a row: For 5 consecutive quarters, more hedge funds added FEMR 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 FEMR?

More buyers than sellers — 78% buying: Last quarter: 14 funds were net buyers (9 opened a brand new position + 5 added to an existing one). Only 4 were sellers (3 trimmed + 1 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for FEMR holders?

Smaller funds dominant — 4% AUM from top-100: 3 of 19 holders rank in the top 100 by AUM, but together hold only 4% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held FEMR?

Mostly new holders — 63% entered in last year: Only 0 funds (0%) 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.

Full history →