Fidelity MSCI Communication Services Index ETF
FCOM
139 hedge funds and large institutions have $644M invested in Fidelity MSCI Communication Services Index ETF in 2024 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 48 increasing their positions, 34 reducing their positions, and 14 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
57% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 14
41% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 34
6% more capital invested
Capital invested by funds: $606M → $644M (+$38M)
2% more funds holding
Funds holding: 136 → 139 (+3)
2.48% less ownership
Funds ownership: 59.33% → 56.85% (-2.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
+$5.92M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$5.81M |
| 3 |
Lido Advisors
Los Angeles,
California
|
+$2.75M |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
+$2.4M |
| 5 |
AM
AGF Management
Toronto,
Ontario, Canada
|
+$2.34M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WA
Win Advisors
Palm Beach Gardens,
Florida
|
-$2.96M |
| 2 |
LNC
Lincoln National Corp
Radnor,
Pennsylvania
|
-$2.64M |
| 3 |
Goldman Sachs
New York
|
-$1.69M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.57M |
| 5 |
EWM
EPG Wealth Management
Atlanta,
Georgia
|
-$1.34M |
FCOM Hedge Fund Activity: Q2 2024 in Review
139 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Fidelity MSCI Communication Services Index ETF (FCOM) for Q2 2024, worth a combined $644M — up 6.3% from $606M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new FCOM positions and 14 closed out — a net gain of 8 holders — while 48 added to existing stakes and 34 trimmed.
The largest buyer was Kovitz Investment Group Partners, opening a new position worth an estimated $5.92M. The largest seller was Win Advisors, exiting entirely with an estimated $2.96M sold.
- 139 institutional investors held Fidelity MSCI Communication Services Index ETF (FCOM) as of Q2 2024, up from 136 in Q1 2024.
- Funds reported $644M of Fidelity MSCI Communication Services Index ETF stock for Q2 2024, up 6.3% quarter-over-quarter.
- 22 funds opened new Fidelity MSCI Communication Services Index ETF positions in Q2 2024 and 14 closed out, a net change of +8 holders.
- The largest Fidelity MSCI Communication Services Index ETF buyer in Q2 2024 was Kovitz Investment Group Partners, an estimated $5.92M added.
- The largest Fidelity MSCI Communication Services Index ETF seller in Q2 2024 was Win Advisors, an estimated $2.96M sold.
Based on aggregated 13F filings for Q2 2024.