Fidelity MSCI Communication Services Index ETF
FCOM
24 hedge funds and large institutions have $42.5M invested in Fidelity MSCI Communication Services Index ETF in 2016 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 8 increasing their positions, 6 reducing their positions, and 9 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 6
1.69% less ownership
Funds ownership: 34.33% → 32.64% (-1.7%)
11% less funds holding
Funds holding: 27 → 24 (-3)
20% less capital invested
Capital invested by funds: $52.9M → $42.5M (-$10.4M)
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAG
Pinnacle Advisory Group
Columbia,
Maryland
|
+$25.3M |
| 2 |
Jane Street
New York
|
+$1.35M |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$676K |
| 4 |
Morgan Stanley
New York
|
+$358K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$199K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JCM
Janney Capital Management
Pittsburgh,
Pennsylvania
|
-$37.8M |
| 2 |
VC
Vicus Capital
State College,
Pennsylvania
|
-$1.65M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.28M |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$407K |
| 5 |
SG Americas Securities
New York
|
-$215K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$1.28M | -42,548 | Closed |
|
|
27
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$407K | -13,469 | Closed |
|
28
Envestnet Asset Management
Chicago,
Illinois
| – | -$151K | -4,984 | Closed |
|
29
Mariner
Overland Park,
Kansas
| – | -$138K | -4,593 | Closed |
|
|
CWM
30
Concert Wealth Management
San Jose,
California
| – | -$73K | -2,452 | Closed |
|
|
SSB
31
Sandy Spring Bank
Olney,
Maryland
| – | -$6K | -196 | Closed |
|
|
ATC
32
Adirondack Trust Company
Saratoga Springs,
New York
| – | -$5K | -181 | Closed |
|
FCOM Hedge Fund Activity: Q4 2016 in Review
24 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Fidelity MSCI Communication Services Index ETF (FCOM) for Q4 2016, worth a combined $42.5M — down 20% from $52.9M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of FCOM and 7 opened new positions — a net loss of 2 holders — while 6 trimmed existing stakes and 8 added.
The largest buyer was Pinnacle Advisory Group, opening a new position worth an estimated $25.3M. The largest seller was Janney Capital Management, exiting entirely with an estimated $37.8M sold.
- 24 institutional investors held Fidelity MSCI Communication Services Index ETF (FCOM) as of Q4 2016, down from 27 in Q3 2016.
- Funds reported $42.5M of Fidelity MSCI Communication Services Index ETF stock for Q4 2016, down 20% quarter-over-quarter.
- 7 funds opened new Fidelity MSCI Communication Services Index ETF positions in Q4 2016 and 9 closed out, a net change of -2 holders.
- The largest Fidelity MSCI Communication Services Index ETF buyer in Q4 2016 was Pinnacle Advisory Group, an estimated $25.3M added.
- The largest Fidelity MSCI Communication Services Index ETF seller in Q4 2016 was Janney Capital Management, an estimated $37.8M sold.
Based on aggregated 13F filings for Q4 2016.