Fidelity MSCI Communication Services Index ETF
FCOM
90 hedge funds and large institutions have $316M invested in Fidelity MSCI Communication Services Index ETF in 2020 Q2 according to their latest regulatory filings, with 27 funds opening new positions, 28 increasing their positions, 24 reducing their positions, and 14 closing their positions.
93% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 14
39% more capital invested
Capital invested by funds: $227M → $316M (+$89.1M)
17% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 24
15% more funds holding
Funds holding: 78 → 90 (+12)
4% more ownership
Funds ownership: 56.8% → 60.8% (+4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$28.6M |
| 2 |
BFA
Beaumont Financial Advisors
Needham,
Massachusetts
|
+$10.9M |
| 3 |
RWP
RWA Wealth Partners
Newton,
Massachusetts
|
+$5.7M |
| 4 |
QAM
Q3 Asset Management
Birmingham,
Michigan
|
+$4.66M |
| 5 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$3.57M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$6.8M |
| 2 |
Charles Schwab
San Francisco,
California
|
-$5.11M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$5.04M |
| 4 |
ST
Spinnaker Trust
Portland,
Maine
|
-$3.4M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.66M |
FCOM Hedge Fund Activity: Q2 2020 in Review
90 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Fidelity MSCI Communication Services Index ETF (FCOM) for Q2 2020, worth a combined $316M — up 39% from $227M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new FCOM positions and 14 closed out — a net gain of 13 holders — while 28 added to existing stakes and 24 trimmed.
The largest buyer was Envestnet Asset Management, adding an estimated $28.6M. The largest seller was Bank of America, cutting an estimated $6.8M.
- 90 institutional investors held Fidelity MSCI Communication Services Index ETF (FCOM) as of Q2 2020, up from 78 in Q1 2020.
- Funds reported $316M of Fidelity MSCI Communication Services Index ETF stock for Q2 2020, up 39% quarter-over-quarter.
- 27 funds opened new Fidelity MSCI Communication Services Index ETF positions in Q2 2020 and 14 closed out, a net change of +13 holders.
- The largest Fidelity MSCI Communication Services Index ETF buyer in Q2 2020 was Envestnet Asset Management, an estimated $28.6M added.
- The largest Fidelity MSCI Communication Services Index ETF seller in Q2 2020 was Bank of America, an estimated $6.8M sold.
Based on aggregated 13F filings for Q2 2020.