Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

FIDELITY COVINGTON TRUST (FENY)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +5
Streak
2Q ▲
Buyers last Q
49%

Smart Money Signals — FENY

Based on 203 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 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
203 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.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding FENY is almost the same as a year ago (+0 funds, +0% change). No significant rush to buy or sell — institutional backing is holding steady.
🟠

More sellers than buyers — 49% buying

91 buying95 selling
Last quarter: 95 funds reduced or exited vs 91 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️

Steady new buyers — ~31 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 29 → 18 → 30 → 31. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

60% of holders stayed for 2+ years

■ 60% conviction (2yr+) ■ 23% medium ■ 17% new
121 out of 203 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.
📈

Growing discovery — still being found

35 → 29 → 18 → 30 → 31 new funds/Q
New funds entering each quarter: 29 → 18 → 30 → 31. A growing number of institutions are discovering FENY each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 59% of holders stayed 2+ years

■ 59% veterans ■ 16% 1-2yr ■ 25% new
Of 204 current holders: 121 (59%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
✅

Strong quality — 20% AUM from major funds

20% from top-100 AUM funds
17 of 203 holders rank in the top 100 by AUM, accounting for 20% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.5
out of 10
Low Exit Risk
Exit risk score 3.5/10 — 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.

Hedge Fund Ownership: FENY

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

Market Analysis: FENY

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FENY

-- --

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.

24 top-rated funds 0 high-conviction
Consensus
6.1
/ 10
breadth
×
Elite
1.5
/ 10
conviction
Hedge Fund Positioning: FENY
2026 Q1 Stats Unlock in 11 days 204 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 204 199 2.51%
13F Shares 14M 17M -17.32%
Total Value $384M $418M -8.15%
New Positions 31 30 +1
Increased Positions 61 61 -
Closed Positions 26 16 +10
Reduced Positions 70 70 -
Total Calls 1 1 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FENY

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Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

204 + investors

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

Top 25 institutional holders of FENY — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Independence Financial Advisors, LLC 3.24% 317,691 $10.8M
2 VICUS CAPITAL 2.01% 803,382 $27.3M
3 Yoder Wealth Management, Inc. 1.75% 112,557 $3.8M
4 Trail Ridge Investment Advisors, LLC 1.64% 110,839 $3.8M
5 Maltin Wealth Management, Inc. 1.62% 124,946 $4.3M
6 Aspetuck Financial Management LLC 1.46% 62,629 $2.1M
7 Wealth Quarterback LLC 1.15% 85,709 $2.9M
8 Bravias Capital Group, LLC 1.13% 50,922 $1.7M
9 SageGuard Financial Group, LLC 0.79% 150,796 $5.1M
10 KDK Private Wealth Management, LLC 0.74% 23,857 $812K
11 Roxbury Financial LLC 0.70% 22,947 $781K
12 AssuredPartners Investment Advisors, LLC 0.66% 182,693 $6.1M
13 Financial Partners Group, Inc 0.63% 154,213 $5.2M
14 Glass Jacobson Investment Advisors llc 0.49% 41,497 $1.4M
15 Financial Freedom, LLC 0.48% 28,556 $971K
16 PENOBSCOT WEALTH MANAGEMENT 0.42% 41,466 $1.4M
17 Cedarwood Wealth LLC 0.40% 11,763 $400K
18 Q3 Asset Management 0.40% 48,753 $2K
19 Castleview Partners, LLC 0.39% 22,211 $756K
20 Blue Capital, Inc. 0.39% 17,377 $591K
21 LYNCH & ASSOCIATES/IN 0.38% 59,179 $2.0M
22 EPG Wealth Management LLC 0.33% 35,454 $1.2M
23 Wilkins Miller Wealth Management, LLC 0.33% 15,806 $538K
24 CAP Partners, LLC 0.32% 16,787 $571K
25 Core Wealth Partners LLC 0.30% 18,907 $643K
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 — 2 quarters in a row: For 2 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 sellers than buyers — 49% buying: Last quarter: 95 funds reduced or exited vs 91 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for FENY holders?

Strong quality — 20% AUM from major funds: 17 of 203 holders rank in the top 100 by AUM, accounting for 20% 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?

60% of holders stayed for 2+ years: 121 out of 203 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.

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.