Fidelity MSCI Communication Services Index ETF
FCOM
143 hedge funds and large institutions have $501M invested in Fidelity MSCI Communication Services Index ETF in 2023 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 41 increasing their positions, 52 reducing their positions, and 13 closing their positions.
123% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 13
16% more capital invested
Capital invested by funds: $432M → $501M (+$68.9M)
13% more funds holding
Funds holding: 127 → 143 (+16)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0.35% less ownership
Funds ownership: 58.03% → 57.69% (-0.35%)
21% less repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 52
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$17.5M |
| 2 |
Morgan Stanley
New York
|
+$14.1M |
| 3 |
Lido Advisors
Los Angeles,
California
|
+$8.26M |
| 4 |
PCS
Personal CFO Solutions
Chester,
New Jersey
|
+$3.14M |
| 5 |
AM
AGF Management
Toronto,
Ontario, Canada
|
+$2.49M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Beaumont Capital Management
Boston,
Massachusetts
|
-$7.34M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$6.88M |
| 3 |
CW
Connectus Wealth
Cincinnati,
Ohio
|
-$5.51M |
| 4 |
Charles Schwab
San Francisco,
California
|
-$4.13M |
| 5 |
NMG
New Millennium Group
Sandy,
Utah
|
-$3.71M |
FCOM Hedge Fund Activity: Q4 2023 in Review
143 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Fidelity MSCI Communication Services Index ETF (FCOM) for Q4 2023, worth a combined $501M — up 16% from $432M a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new FCOM positions and 13 closed out — a net gain of 16 holders — while 41 added to existing stakes and 52 trimmed.
The largest buyer was Northwestern Mutual Wealth Management, adding an estimated $17.5M. The largest seller was Beaumont Capital Management, cutting an estimated $7.34M.
- 143 institutional investors held Fidelity MSCI Communication Services Index ETF (FCOM) as of Q4 2023, up from 127 in Q3 2023.
- Funds reported $501M of Fidelity MSCI Communication Services Index ETF stock for Q4 2023, up 16% quarter-over-quarter.
- 29 funds opened new Fidelity MSCI Communication Services Index ETF positions in Q4 2023 and 13 closed out, a net change of +16 holders.
- The largest Fidelity MSCI Communication Services Index ETF buyer in Q4 2023 was Northwestern Mutual Wealth Management, an estimated $17.5M added.
- The largest Fidelity MSCI Communication Services Index ETF seller in Q4 2023 was Beaumont Capital Management, an estimated $7.34M sold.
Based on aggregated 13F filings for Q4 2023.