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

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

As of today, FENY 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), FENY gained +16.3% vs +4.0% 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 (FENY)

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

Smart Money Signals — FENY

Based on 260 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q

For 3 consecutive quarters, more hedge funds added FENY 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

260 hedge funds hold FENY 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 — +23% more funds vs a year ago

fund count last 6Q

+48 new funds entered over the past year (+23% 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 — 64% buying

155 buying87 selling

Last quarter: 155 funds were net buyers (68 opened a brand new position + 87 added to an existing one). Only 87 were sellers (62 trimmed + 25 sold completely). A clear majority buying is a strong confirmation signal.

📈

More new buyers each quarter (+34 vs last Q)

new funds entering per quarter

Funds opening a new FENY position: 20 → 31 → 34 → 68. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

🔒

53% of holders stayed for 2+ years

■ 53% conviction (2yr+) ■ 23% medium ■ 25% new

137 out of 260 hedge funds have held FENY for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

💰

Value +95% but shares only +59% — price-driven

Value

+94%

+59%

Last quarter: the total dollar value of institutional holdings rose +95%, but actual share count only changed +59%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.

🚀

Acceleration phase — new buyers rushing in

30 → 20 → 31 → 34 → 68 new funds/Q

New funds entering each quarter: 20 → 31 → 34 → 68. 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.

🏛️

Veteran-anchored — 54% veterans vs 29% newcomers

■ 54% veterans ■ 17% 1-2yr ■ 29% new

Entry-cohort mix of 262 holders: 141 (54%) are 2+ year veterans, 45 entered 1–2 years ago, and 76 (29%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

✅

Strong quality — 39% AUM from major funds

39% from top-100 AUM funds

28 of 258 holders rank in the top 100 by AUM, accounting for 39% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

3.9

out of 10

Low Exit Risk

Exit risk score 3.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

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	258	216	19.44%
13F Shares	22M	14M	59.08%
Total Value	$755M	$388M	94.68%
New Positions	67	34	+33
Increased Positions	87	64	+23
Closed Positions	25	27	-2
Reduced Positions	61	69	-8
Total Calls	2	1	100.0%
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

258

216

19.44%

13F Shares

22M

14M

59.08%

Total Value

$755M

$388M

94.68%

New Positions

+33

Increased Positions

+23

Closed Positions

-2

Reduced Positions

-8

Total Calls

100.0%

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q2)

258 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in FENY. 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 FENY holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Cutler Capital Management, LLC	2.05%	267,547	$7.9M
2	Eley Financial Management, Inc	1.55%	162,406	$4.8M
3	Yoder Wealth Management, Inc.	1.17%	101,016	$3.0M
4	SageGuard Financial Group, LLC	1.16%	279,901	$8.3M
5	Maltin Wealth Management, Inc.	1.12%	113,515	$3.4M
6	Trail Ridge Investment Advisors, LLC	1.10%	88,197	$2.6M
7	Aspetuck Financial Management LLC	1.06%	60,890	$1.8M
8	Wealth Quarterback LLC	0.91%	100,204	$3.0M
9	Bravias Capital Group, LLC	0.91%	52,061	$1.5M
10	Elevation Wealth Management LLC	0.59%	26,664	$788K
11	KDK Private Wealth Management, LLC	0.57%	23,372	$691K
12	AssuredPartners Investment Advisors, LLC	0.54%	188,477	$5.6M
13	Bank of Marin	0.51%	24,898	$736K
14	Roxbury Financial LLC	0.51%	21,900	$647K
15	Financial Partners Group, Inc	0.44%	145,120	$4.3M
16	Financial Perspectives, Inc	0.41%	56,604	$1.7M
17	Financial Freedom, LLC	0.39%	28,757	$850K
18	Glass Jacobson Investment Advisors llc	0.39%	41,964	$1.2M
19	Penobscot Wealth Management	0.36%	45,112	$1.3M
20	Lynch & Associates/In	0.32%	61,490	$1.8M
21	Castleview Partners, LLC	0.29%	22,323	$660K
22	Cedarwood Wealth LLC	0.26%	11,771	$348K
23	Wilkins Miller Wealth Management, LLC	0.26%	15,835	$468K
24	EPG Wealth Management LLC	0.25%	35,794	$1.1M
25	CAP Partners, LLC	0.24%	16,906	$500K

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 (FENY)

What does the Smart Money Trend signal show for FENY?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added FENY 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 FENY?

More buyers than sellers — 64% buying: Last quarter: 155 funds were net buyers (68 opened a brand new position + 87 added to an existing one). Only 87 were sellers (62 trimmed + 25 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for FENY holders?

Strong quality — 39% AUM from major funds: 28 of 258 holders rank in the top 100 by AUM, accounting for 39% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held FENY?

53% of holders stayed for 2+ years: 137 out of 260 hedge funds have held FENY for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

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

As of today, FENY 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), FENY has gained +16.3% vs +4.0% 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 (FENY)

Smart Money Signals — FENY

Buying streak — 3 quarters in a row

At the ownership peak (100% of max)

Fast accumulation — +23% more funds vs a year ago

More buyers than sellers — 64% buying

More new buyers each quarter (+34 vs last Q)

53% of holders stayed for 2+ years

Value +95% but shares only +59% — price-driven

Acceleration phase — new buyers rushing in

Veteran-anchored — 54% veterans vs 29% newcomers

Strong quality — 39% AUM from major funds

Institutional Sentiment Summary — FENY

Hedge Fund Ownership: FENY

Market Analysis: FENY

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: FENY

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

Hedge Fund Positioning: FENY

Statistics: FENY

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Fidelity Covington Trust (FENY)

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