Fidelity MSCI Communication Services Index ETF
FCOM
87 hedge funds and large institutions have $289M invested in Fidelity MSCI Communication Services Index ETF in 2020 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 28 increasing their positions, 27 reducing their positions, and 17 closing their positions.
4% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 27
3% less funds holding
Funds holding: 90 → 87 (-3)
8% less capital invested
Capital invested by funds: $316M → $289M (-$26.3M)
8.73% less ownership
Funds ownership: 60.8% → 52.07% (-8.7%)
12% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 17
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FI
FormulaFolio Investments
Grand Rapids,
Michigan
|
+$32.1M |
| 2 |
PG
Prostatis Group
Hanover,
Maryland
|
+$1.1M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$641K |
| 4 |
NAM
NorthCoast Asset Management
Greenwich,
Connecticut
|
+$522K |
| 5 |
FA
FMA Advisory
Harrisburg,
Pennsylvania
|
+$445K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Charles Schwab
San Francisco,
California
|
-$42.5M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$20M |
| 3 |
RWP
RWA Wealth Partners
Newton,
Massachusetts
|
-$5.99M |
| 4 |
QAM
Q3 Asset Management
Birmingham,
Michigan
|
-$4.89M |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$4.11M |
FCOM Hedge Fund Activity: Q3 2020 in Review
87 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Fidelity MSCI Communication Services Index ETF (FCOM) for Q3 2020, worth a combined $289M — down 8.3% from $316M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of FCOM and 15 opened new positions — a net loss of 2 holders — while 27 trimmed existing stakes and 28 added.
The largest buyer was FormulaFolio Investments, opening a new position worth an estimated $32.1M. The largest seller was Charles Schwab, cutting an estimated $42.5M.
- 87 institutional investors held Fidelity MSCI Communication Services Index ETF (FCOM) as of Q3 2020, down from 90 in Q2 2020.
- Funds reported $289M of Fidelity MSCI Communication Services Index ETF stock for Q3 2020, down 8.3% quarter-over-quarter.
- 15 funds opened new Fidelity MSCI Communication Services Index ETF positions in Q3 2020 and 17 closed out, a net change of -2 holders.
- The largest Fidelity MSCI Communication Services Index ETF buyer in Q3 2020 was FormulaFolio Investments, an estimated $32.1M added.
- The largest Fidelity MSCI Communication Services Index ETF seller in Q3 2020 was Charles Schwab, an estimated $42.5M sold.
Based on aggregated 13F filings for Q3 2020.