Fidelity MSCI Communication Services Index ETF
FCOM
122 hedge funds and large institutions have $242M invested in Fidelity MSCI Communication Services Index ETF in 2023 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 29 increasing their positions, 45 reducing their positions, and 14 closing their positions.
79% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 14
18% more capital invested
Capital invested by funds: $204M → $242M (+$37.3M)
8% more funds holding
Funds holding: 113 → 122 (+9)
0.32% more ownership
Funds ownership: 44.47% → 44.78% (+0.32%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
36% less repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 45
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HighTower Advisors
Chicago,
Illinois
|
+$6.68M |
| 2 |
RWP
RWA Wealth Partners
Newton,
Massachusetts
|
+$3.6M |
| 3 |
CW
Connectus Wealth
Cincinnati,
Ohio
|
+$3.35M |
| 4 |
CA
Crumly & Associates
Springfield,
Illinois
|
+$2.41M |
| 5 |
QAM
Q3 Asset Management
Birmingham,
Michigan
|
+$2.36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$10.6M |
| 2 |
WA
Win Advisors
Palm Beach Gardens,
Florida
|
-$3.12M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$1.5M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$1.22M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.15M |
FCOM Hedge Fund Activity: Q1 2023 in Review
122 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Fidelity MSCI Communication Services Index ETF (FCOM) for Q1 2023, worth a combined $242M — up 18% from $204M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new FCOM positions and 14 closed out — a net gain of 11 holders — while 29 added to existing stakes and 45 trimmed.
The largest buyer was HighTower Advisors, adding an estimated $6.68M. The largest seller was Goldman Sachs, cutting an estimated $10.6M.
- 122 institutional investors held Fidelity MSCI Communication Services Index ETF (FCOM) as of Q1 2023, up from 113 in Q4 2022.
- Funds reported $242M of Fidelity MSCI Communication Services Index ETF stock for Q1 2023, up 18% quarter-over-quarter.
- 25 funds opened new Fidelity MSCI Communication Services Index ETF positions in Q1 2023 and 14 closed out, a net change of +11 holders.
- The largest Fidelity MSCI Communication Services Index ETF buyer in Q1 2023 was HighTower Advisors, an estimated $6.68M added.
- The largest Fidelity MSCI Communication Services Index ETF seller in Q1 2023 was Goldman Sachs, an estimated $10.6M sold.
Based on aggregated 13F filings for Q1 2023.