Fidelity MSCI Communication Services Index ETF
FCOM
117 hedge funds and large institutions have $317M invested in Fidelity MSCI Communication Services Index ETF in 2021 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 31 increasing their positions, 38 reducing their positions, and 13 closing their positions.
138% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 13
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
18% more funds holding
Funds holding: 99 → 117 (+18)
9.1% less ownership
Funds ownership: 52.4% → 43.3% (-9.1%)
11% less capital invested
Capital invested by funds: $356M → $317M (-$39.3M)
18% less repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 38
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FP
Financial Perspectives
Minneapolis,
Minnesota
|
+$9.33M |
| 2 |
QAM
Q3 Asset Management
Birmingham,
Michigan
|
+$6.01M |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$2.98M |
| 4 |
Lido Advisors
Los Angeles,
California
|
+$2.67M |
| 5 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$2.44M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FI
FormulaFolio Investments
Grand Rapids,
Michigan
|
-$37M |
| 2 |
Charles Schwab
San Francisco,
California
|
-$30.2M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$7.23M |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$3.25M |
| 5 |
SS
Simplicity Solutions
Minneapolis,
Minnesota
|
-$2.74M |
FCOM Hedge Fund Activity: Q1 2021 in Review
117 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Fidelity MSCI Communication Services Index ETF (FCOM) for Q1 2021, worth a combined $317M — down 11% from $356M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new FCOM positions and 13 closed out — a net gain of 18 holders — while 31 added to existing stakes and 38 trimmed.
The largest buyer was Financial Perspectives, adding an estimated $9.33M. The largest seller was FormulaFolio Investments, exiting entirely with an estimated $37M sold.
- 117 institutional investors held Fidelity MSCI Communication Services Index ETF (FCOM) as of Q1 2021, up from 99 in Q4 2020.
- Funds reported $317M of Fidelity MSCI Communication Services Index ETF stock for Q1 2021, down 11% quarter-over-quarter.
- 31 funds opened new Fidelity MSCI Communication Services Index ETF positions in Q1 2021 and 13 closed out, a net change of +18 holders.
- The largest Fidelity MSCI Communication Services Index ETF buyer in Q1 2021 was Financial Perspectives, an estimated $9.33M added.
- The largest Fidelity MSCI Communication Services Index ETF seller in Q1 2021 was FormulaFolio Investments, an estimated $37M sold.
Based on aggregated 13F filings for Q1 2021.