Fidelity MSCI Communication Services Index ETF
FCOM
124 hedge funds and large institutions have $416M invested in Fidelity MSCI Communication Services Index ETF in 2023 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 47 increasing their positions, 40 reducing their positions, and 14 closing their positions.
300% more funds holding in top 10
Funds holding in top 10: 1 → 4 (+3)
72% more capital invested
Capital invested by funds: $242M → $416M (+$174M)
21% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 14
18% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 40
10.35% more ownership
Funds ownership: 44.78% → 55.13% (+10%)
2% more funds holding
Funds holding: 122 → 124 (+2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Charles Schwab
San Francisco,
California
|
+$73.2M |
| 2 |
BCM
Beaumont Capital Management
Boston,
Massachusetts
|
+$10.7M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$10.6M |
| 4 |
ACA
Aptus Capital Advisors
Fairhope,
Alabama
|
+$6.95M |
| 5 |
QAM
Q3 Asset Management
Birmingham,
Michigan
|
+$6.76M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
BBJS Financial Advisors
Seattle,
Washington
|
-$4.23M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$2.34M |
| 3 |
Goldman Sachs
New York
|
-$1.34M |
| 4 |
FSC
Full Sail Capital
Oklahoma City,
Oklahoma
|
-$1.01M |
| 5 |
VWM
Venturi Wealth Management
Austin,
Texas
|
-$825K |
FCOM Hedge Fund Activity: Q2 2023 in Review
124 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Fidelity MSCI Communication Services Index ETF (FCOM) for Q2 2023, worth a combined $416M — up 72% from $242M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new FCOM positions and 14 closed out — a net gain of 3 holders — while 47 added to existing stakes and 40 trimmed.
The largest buyer was Charles Schwab, adding an estimated $73.2M. The largest seller was BBJS Financial Advisors, cutting an estimated $4.23M.
- 124 institutional investors held Fidelity MSCI Communication Services Index ETF (FCOM) as of Q2 2023, up from 122 in Q1 2023.
- Funds reported $416M of Fidelity MSCI Communication Services Index ETF stock for Q2 2023, up 72% quarter-over-quarter.
- 17 funds opened new Fidelity MSCI Communication Services Index ETF positions in Q2 2023 and 14 closed out, a net change of +3 holders.
- The largest Fidelity MSCI Communication Services Index ETF buyer in Q2 2023 was Charles Schwab, an estimated $73.2M added.
- The largest Fidelity MSCI Communication Services Index ETF seller in Q2 2023 was BBJS Financial Advisors, an estimated $4.23M sold.
Based on aggregated 13F filings for Q2 2023.