Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

FIDELITY COVINGTON TRUST (FSTA)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +23
Streak
1Q ▲
Buyers last Q
61%

Smart Money Signals — FSTA

Based on 201 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added FSTA 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
201 hedge funds hold FSTA 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.
📶

Steady growth — +19% more funds vs a year ago

fund count last 6Q
+32 new funds entered over the past year (+19% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟢

More buyers than sellers — 61% buying

111 buying70 selling
Last quarter: 111 funds were net buyers (34 opened a brand new position + 77 added to an existing one). Only 70 were sellers (59 trimmed + 11 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+18 vs last Q)

new funds entering per quarter
Funds opening a new FSTA position: 29 → 29 → 16 → 34. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

56% of holders stayed for 2+ years

■ 56% conviction (2yr+) ■ 25% medium ■ 19% new
112 out of 201 hedge funds have held FSTA 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.
➡️

Steady discovery — ~34 new funds/quarter

27 → 29 → 29 → 16 → 34 new funds/Q
New funds entering each quarter: 29 → 29 → 16 → 34. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 61% of holders stayed 2+ years

■ 61% veterans ■ 11% 1-2yr ■ 27% new
Of 201 current holders: 123 (61%) 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 — 37% AUM from major funds

37% from top-100 AUM funds
20 of 201 holders rank in the top 100 by AUM, accounting for 37% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — 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.

Institutional Sentiment Summary — FSTA

In 2025 Q4, 111 hedge funds were net buyers of FSTA (34 opened a new position, 77 added to an existing one), while 70 reduced or exited (59 trimmed, 11 sold completely) — a 61% buyer ratio, indicating clear institutional accumulation. 37% of total institutional value in FSTA is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +23 funds (more new holders than closures). Total institutional holders: 201.

Hedge Fund Ownership: FSTA

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

Market Analysis: FSTA

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FSTA

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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.

19 top-rated funds 1 high-conviction
Consensus
5.6
/ 10
breadth
×
Elite
1.9
/ 10
conviction
Hedge Fund Positioning: FSTA
2026 Q1 Stats Unlock in 8 days 201 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 201 178 12.92%
13F Shares 11M 10M 2.27%
Total Value $519M $514M 0.92%
New Positions 34 16 +18
Increased Positions 77 64 +13
Closed Positions 11 31 -20
Reduced Positions 59 61 -2
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FSTA

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Institutional Holders (2026 Q1)

201 + investors

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

Top 25 institutional holders of FSTA — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Roxbury Financial LLC 2.67% 56,794 $3.0M
2 Fischer Financial Services, Inc. 2.53% 143,702 $7.5M
3 Compass Financial Group, INC/SD 2.39% 325,949 $17.1M
4 Financial Perspectives, Inc 1.98% 135,678 $7.1M
5 Marotta Asset Management 1.87% 195,107 $10.2M
6 SOUTHERN CAPITAL ADVISORS, LLC 1.56% 63,603 $3.3M
7 HERBST GROUP, LLC 1.23% 38,003 $2.0M
8 Yoder Wealth Management, Inc. 1.13% 47,158 $2.5M
9 KDK Private Wealth Management, LLC 1.05% 21,943 $1.1M
10 Certified Advisory Corp 1.01% 215,780 $11.3M
11 PARTNERS WEALTH MANAGEMENT, LLC 0.80% 14,778 $773K
12 Nova Wealth Management, Inc. 0.54% 15,826 $828K
13 ATLAS CAPITAL ADVISORS INC. 0.52% 87,474 $4.6M
14 Sage Investment Advisers LLC 0.48% 12,385 $645K
15 Lifeworks Advisors, LLC 0.45% 67,477 $3.5M
16 Atlas Brown,Inc. 0.41% 26,058 $1.4M
17 Walker Financial Services, Inc. 0.32% 17,950 $939K
18 LYNCH & ASSOCIATES/IN 0.29% 29,771 $1.6M
19 SWEENEY & MICHEL, LLC 0.28% 18,234 $953K
20 Prairie Wealth Advisors, Inc. 0.24% — $550K
21 PACIFIC SUN FINANCIAL CORP 0.23% 9,057 $474K
22 FRG Family Wealth Advisors LLC 0.22% 25,210 $1.3M
23 Demars Financial Group, LLC 0.20% 11,511 $602K
24 Castleview Partners, LLC 0.18% 6,785 $355K
25 Stonebridge Financial Planning Group, LLC 0.18% 9,200 $481K
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 (FSTA)

What does the Smart Money Trend signal show for FSTA?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added FSTA 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 FSTA?

More buyers than sellers — 61% buying: Last quarter: 111 funds were net buyers (34 opened a brand new position + 77 added to an existing one). Only 70 were sellers (59 trimmed + 11 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for FSTA holders?

Strong quality — 37% AUM from major funds: 20 of 201 holders rank in the top 100 by AUM, accounting for 37% 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 FSTA?

56% of holders stayed for 2+ years: 112 out of 201 hedge funds have held FSTA 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.