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

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

As of today, FENI 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), FENI gained +4.5% 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 (FENI)

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

Smart Money Signals — FENI

Based on 384 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 FENI 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

384 hedge funds hold FENI 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 — +131% more funds vs a year ago

fund count last 6Q

+218 new funds entered over the past year (+131% 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 — 80% buying

301 buying77 selling

Last quarter: 301 funds were net buyers (96 opened a brand new position + 205 added to an existing one). Only 77 were sellers (48 trimmed + 29 sold completely). A clear majority buying is a strong confirmation signal.

📈

More new buyers each quarter (+10 vs last Q)

new funds entering per quarter

Funds opening a new FENI position: 49 → 55 → 86 → 96. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

🔄

Mostly new holders — 52% entered in last year

■ 16% conviction (2yr+) ■ 33% medium ■ 52% new

Only 60 funds (16%) 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.

🚀

Acceleration phase — new buyers rushing in

41 → 49 → 55 → 86 → 96 new funds/Q

New funds entering each quarter: 49 → 55 → 86 → 96. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.

🌱

Early stage — 70% of holders entered in last year

■ 13% veterans ■ 16% 1-2yr ■ 70% new

Of 384 current holders: 270 (70%) entered in the past year, only 51 (13%) 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.

🏆

Elite ownership — 49% AUM from top-100 funds

49% from top-100 AUM funds

18 of 384 holders are among the 100 largest funds by AUM, controlling 49% of total institutional value in FENI. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

5.7

out of 10

Moderate Exit Risk

Exit risk score 5.7/10 — 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	380	316	20.25%
13F Shares	156M	108M	44.03%
Total Value	$5.71B	$4.02B	41.98%
New Positions	95	86	+9
Increased Positions	203	168	+35
Closed Positions	31	18	+13
Reduced Positions	48	37	+11
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

380

316

20.25%

13F Shares

156M

108M

44.03%

Total Value

$5.71B

$4.02B

41.98%

New Positions

Increased Positions

203

168

+35

Closed Positions

+13

Reduced Positions

+11

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q2)

380 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in FENI. 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 FENI holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Durante & Waters, LLC	12.81%	487,223	$19.6M
2	Syntegra Private Wealth Group, LLC	12.71%	4,088,085	$164.1M
3	Reston Wealth Management LLC	11.87%	1,097,586	$44.0M
4	CGC Financial Services, LLC	10.75%	1,191,080	$47.8M
5	Clarity Retirement & Wealth, LLC	10.56%	381,396	$15.3M
6	Cornerstone Planning Group LLC	9.46%	1,867,208	$75.1M
7	Orrstown Financial Services Inc	9.14%	1,534,642	$61.6M
8	Hicks Capital Management LLC	8.82%	268,093	$10.8M
9	Tableaux LLC	8.18%	484,426	$19.4M
10	Gerber, LLC	8.10%	429,421	$17.2M
11	Wealth Alliance Advisory Group, LLC	7.98%	1,374,725	$55.2M
12	Financial Strategies Group, Inc.	7.97%	1,245,191	$50.0M
13	S Harris Financial Group, LLC	7.20%	231,681	$9.3M
14	Valley Financial Group, Inc.	7.09%	358,136	$14.4M
15	Kfg Wealth Management, LLC	6.83%	1,507,517	$60.5M
16	Mayfair Advisory Group, LLC	6.82%	568,182	$22.6M
17	Forbes Financial Planning, Inc.	6.32%	293,507	$11.8M
18	Tepp RIA, LLC	6.27%	230,310	$9.2M
19	FinArc Investments, Inc.	5.90%	162,289	$6.5M
20	Armor Investment Advisors, LLC	5.79%	449,492	$18.0M
21	BG Investment Services, LLC	5.58%	193,100	$7.7M
22	Fragasso Financial Advisors Inc	5.50%	2,577,382	$103.4M
23	Advantage Trust Co	5.50%	389,586	$15.6M
24	Andrews Advisory Associates, LLC	5.14%	266,329	$10.7M
25	Sentinel Advisory Group, LLC	5.06%	308,575	$12.4M

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 (FENI)

What does the Smart Money Trend signal show for FENI?

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

More buyers than sellers — 80% buying: Last quarter: 301 funds were net buyers (96 opened a brand new position + 205 added to an existing one). Only 77 were sellers (48 trimmed + 29 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for FENI holders?

Elite ownership — 49% AUM from top-100 funds: 18 of 384 holders are among the 100 largest funds by AUM, controlling 49% of total institutional value in FENI. 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 FENI?

Mostly new holders — 52% entered in last year: Only 60 funds (16%) 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 (FENI) following the 2026 Q2 hedge fund 13F filings?

As of today, FENI 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), FENI has gained +4.5% 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 (FENI)

Smart Money Signals — FENI

Buying streak — 10 quarters in a row

At the ownership peak (100% of max)

Fast accumulation — +131% more funds vs a year ago

More buyers than sellers — 80% buying

More new buyers each quarter (+10 vs last Q)

Mostly new holders — 52% entered in last year

Acceleration phase — new buyers rushing in

Early stage — 70% of holders entered in last year

Elite ownership — 49% AUM from top-100 funds

Institutional Sentiment Summary — FENI

Hedge Fund Ownership: FENI

Market Analysis: FENI

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: FENI

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

Hedge Fund Positioning: FENI

Statistics: FENI

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Fidelity Covington Trust (FENI)

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