Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Fidelity Merrimack Str Tr (FTBD)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -4
Streak
1Q ▼
Buyers last Q
52%

Smart Money Signals — FTBD

Based on 17 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their FTBD positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 81% of 3.0Y peak

81% of all-time peak
17 funds currently hold this stock — 81% of the 3.0-year high of 21 funds (reached 2026 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +6% more funds vs a year ago

fund count last 6Q
+1 new funds entered over the past year (+6% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 52% buying

11 buying10 selling
Last quarter: 11 funds bought or added vs 10 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~3 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 3 → 4 → 7 → 3. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
📌

Mixed — 29% long-term, 24% new

■ 29% conviction (2yr+) ■ 47% medium ■ 24% new
Of the 17 current holders: 5 (29%) held >2 years, 8 held 1–2 years, and 4 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
➡️

Steady discovery — ~3 new funds/quarter

3 → 3 → 4 → 7 → 3 new funds/Q
New funds entering each quarter: 3 → 4 → 7 → 3. Consistent flow of new institutional buyers without clear acceleration or slowdown.
📊

Mixed cohorts — 29% veterans, 41% new entrants

■ 29% veterans ■ 29% 1-2yr ■ 41% new
Of 17 current holders: 5 (29%) held 2+ years, 5 held 1–2 years, 7 (41%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
📋

Smaller funds dominant — 7% AUM from top-100

7% from top-100 AUM funds
5 of 17 holders rank in the top 100 by AUM, but together hold only 7% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
2.9
out of 10
Low Exit Risk
Exit risk score 2.9/10 — 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.

Institutional Sentiment Summary — FTBD

In 2026 Q2, 11 hedge funds were net buyers of FTBD (3 opened a new position, 8 added to an existing one), while 10 reduced or exited (3 trimmed, 7 sold completely) — a 52% buyer ratio, indicating a slight buying edge. Net fund flow last quarter: -4 funds (more exits than new entries). Total institutional holders: 17.

Hedge Fund Ownership: FTBD

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

Market Analysis: FTBD

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FTBD

-- --

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 0 high-conviction
Consensus
1.3
/ 10
breadth
×
Elite
0.4
/ 10
conviction
Hedge Fund Positioning: FTBD
17 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 17 21 -19.05%
13F Shares 137K 145K -4.99%
Total Value $7M $7M 0.1%
New Positions 3 7 -4
Increased Positions 8 8 -
Closed Positions 7 3 +4
Reduced Positions 3 2 +1
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FTBD

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Valuation Measures Data as of: --

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q2)

17 + investors

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

QUARTER:
Top 18 FTBD holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 InTrack Investment Management Inc 0.59% 24,102 $1.2M
2 BG Investment Services, LLC 0.42% 11,892 $586K
3 Clarity Asset Management, Inc. 0.16% 6,509 $321K
4 Brown, Lisle/Cummings, INC. 0.03% 2,990 $147K
5 AdvisorNet Financial, Inc 0.02% 10,822 $533K
6 Koshinski Asset Management, Inc. 0.02% 9,149 $451K
7 Avidian Wealth Enterprises, LLC 0.01% 5,412 $267K
8 Arkadios Wealth Advisors 0.01% 7,888 $389K
9 J.W. Cole Advisors, INC. 0.00% 5,160 $254K
10 Commonwealth Equity Services, LLC 0.00% 28,903 $1.4M
11 Creative Financial Designs Inc /Adv 0.00% 539 $27K
12 Osaic Holdings, INC. 0.00% 16,297 $803K
13 TD Waterhouse Canada Inc. 0.00% 714 $35K
14 Morgan Stanley 0.00% 7,942 $391K
15 Royal Bank of Canada 0.00% 1,004 $49K
16 Bank of Montreal /Can/ 0.00% 315 $16K
17 Jpmorgan Chase & Co 0.00% 698 $35K
18 UBS Group AG 0.00% 108 $5K
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 Merrimack Str Tr (FTBD)

What does the Smart Money Trend signal show for FTBD?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their FTBD positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for FTBD?

Slight buying edge — 52% buying: Last quarter: 11 funds bought or added vs 10 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for FTBD holders?

Smaller funds dominant — 7% AUM from top-100: 5 of 17 holders rank in the top 100 by AUM, but together hold only 7% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held FTBD?

Mixed — 29% long-term, 24% new: Of the 17 current holders: 5 (29%) held >2 years, 8 held 1–2 years, and 4 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

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.

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