Fidelity MSCI Communication Services Index ETF
FCOM
127 hedge funds and large institutions have $432M invested in Fidelity MSCI Communication Services Index ETF in 2023 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 41 increasing their positions, 46 reducing their positions, and 12 closing their positions.
25% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 12
2.9% more ownership
Funds ownership: 55.13% → 58.03% (+2.9%)
2% more funds holding
Funds holding: 124 → 127 (+3)
4% more capital invested
Capital invested by funds: $416M → $432M (+$16M)
11% less repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 46
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$20.1M |
| 2 |
Lido Advisors
Los Angeles,
California
|
+$5.82M |
| 3 |
CW
Connectus Wealth
Cincinnati,
Ohio
|
+$2.69M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.94M |
| 5 |
AM
AGF Management
Toronto,
Ontario, Canada
|
+$1.67M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QAM
Q3 Asset Management
Birmingham,
Michigan
|
-$9.9M |
| 2 |
RWP
RWA Wealth Partners
Newton,
Massachusetts
|
-$4M |
| 3 |
Charles Schwab
San Francisco,
California
|
-$1.87M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$972K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$888K |
FCOM Hedge Fund Activity: Q3 2023 in Review
127 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Fidelity MSCI Communication Services Index ETF (FCOM) for Q3 2023, worth a combined $432M — up 3.9% from $416M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new FCOM positions and 12 closed out — a net gain of 3 holders — while 41 added to existing stakes and 46 trimmed.
The largest buyer was Northwestern Mutual Wealth Management, adding an estimated $20.1M. The largest seller was Q3 Asset Management, exiting entirely with an estimated $9.9M sold.
- 127 institutional investors held Fidelity MSCI Communication Services Index ETF (FCOM) as of Q3 2023, up from 124 in Q2 2023.
- Funds reported $432M of Fidelity MSCI Communication Services Index ETF stock for Q3 2023, up 3.9% quarter-over-quarter.
- 15 funds opened new Fidelity MSCI Communication Services Index ETF positions in Q3 2023 and 12 closed out, a net change of +3 holders.
- The largest Fidelity MSCI Communication Services Index ETF buyer in Q3 2023 was Northwestern Mutual Wealth Management, an estimated $20.1M added.
- The largest Fidelity MSCI Communication Services Index ETF seller in Q3 2023 was Q3 Asset Management, an estimated $9.9M sold.
Based on aggregated 13F filings for Q3 2023.