Fidelity MSCI Communication Services Index ETF
FCOM
136 hedge funds and large institutions have $606M invested in Fidelity MSCI Communication Services Index ETF in 2024 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 46 increasing their positions, 46 reducing their positions, and 20 closing their positions.
21% more capital invested
Capital invested by funds: $501M → $606M (+$105M)
1.64% more ownership
Funds ownership: 57.69% → 59.33% (+1.6%)
0% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 46
5% less funds holding
Funds holding: 143 → 136 (-7)
35% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 20
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Charles Schwab
San Francisco,
California
|
+$68.1M |
| 2 |
CA
Crumly & Associates
Springfield,
Illinois
|
+$5.07M |
| 3 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$4.75M |
| 4 |
CW
Connectus Wealth
Cincinnati,
Ohio
|
+$3.02M |
| 5 |
WA
Win Advisors
Palm Beach Gardens,
Florida
|
+$2.83M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$16.1M |
| 2 |
AWM
AE Wealth Management
Topeka,
Kansas
|
-$7.91M |
| 3 |
ACA
Aptus Capital Advisors
Fairhope,
Alabama
|
-$6.82M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$3.34M |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$2.13M |
FCOM Hedge Fund Activity: Q1 2024 in Review
136 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Fidelity MSCI Communication Services Index ETF (FCOM) for Q1 2024, worth a combined $606M — up 21% from $501M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of FCOM and 13 opened new positions — a net loss of 7 holders — while 46 trimmed existing stakes and 46 added.
The largest buyer was Charles Schwab, adding an estimated $68.1M. The largest seller was Morgan Stanley, cutting an estimated $16.1M.
- 136 institutional investors held Fidelity MSCI Communication Services Index ETF (FCOM) as of Q1 2024, down from 143 in Q4 2023.
- Funds reported $606M of Fidelity MSCI Communication Services Index ETF stock for Q1 2024, up 21% quarter-over-quarter.
- 13 funds opened new Fidelity MSCI Communication Services Index ETF positions in Q1 2024 and 20 closed out, a net change of -7 holders.
- The largest Fidelity MSCI Communication Services Index ETF buyer in Q1 2024 was Charles Schwab, an estimated $68.1M added.
- The largest Fidelity MSCI Communication Services Index ETF seller in Q1 2024 was Morgan Stanley, an estimated $16.1M sold.
Based on aggregated 13F filings for Q1 2024.