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Fidelity Emerging Markets Multifactor ETF
FDEM

71 hedge funds and large institutions have $230M invested in Fidelity Emerging Markets Multifactor ETF in 2025 Q4 according to their latest regulatory filings, with 28 funds opening new positions, 29 increasing their positions, 10 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

367% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 6

190% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 10

150% more funds holding in top 10

Funds holding in top 10: 2 → 5 (+3)

83% more capital invested

Capital invested by funds: $126M → $230M (+$104M)

45% more funds holding

Funds holding: 49 → 71 (+22)

22.24% more ownership

Funds ownership: 52.25% → 74.48% (+22%)

Holders
71
Holders Change
+22
Holders Change %
+44.9%
% of All Funds
0.86%
Holding in Top 10
5
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+150%
% of All Funds
0.06%
New
28
Increased
29
Reduced
10
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
+$44.3M
2
Osaic Holdings
Osaic Holdings
Arizona
+$9.68M
3
Raymond James Financial
Raymond James Financial
Florida
+$7.75M
4
ML
McAdam LLC
Pennsylvania
+$5.54M
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$3.14M

Top Sellers

Rank Fund Capital Flow
1
VBA
von Borstel & Associates
Oregon
-$3.34M
2
Jane Street
Jane Street
New York
-$3.2M
3
AIM
Archer Investment Management
Texas
-$2.46M
4
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
-$549K
5
RA
RFG Advisory
Alabama
-$247K
Name Holding Trade Value Shares
Change 		Change in
Stake
RA
26
RFG Advisory
Alabama
$1.52M -$247K -8,074 -14%
RW
27
REDW Wealth
New Mexico
$1.33M +$608K +19,896 +85%
OMC
28
Old Mission Capital
Illinois
$1.3M +$1.29M +42,222 New
Susquehanna International Group
29
Susquehanna International Group
Pennsylvania
$1.3M +$1.29M +42,100 New
D
30
Dentgroup
Louisiana
$1.29M -$39.4K -1,289 -3%
NIWA
31
New Insight Wealth Advisors
California
$1.16M +$424K +13,862 +59%
PC
32
Payne Capital
Oregon
$1.13M +$1.74K +57 +0.2%
VF
33
Virtu Financial
New York
$1.08M +$1.07M +35,076 New
FFA
34
Farther Finance Advisors
California
$1.04M +$12.4K +406 +1%
SWA
35
Stratos Wealth Advisors
Ohio
$940K -$44K -1,438 -5%
IAG
36
Investmark Advisory Group
Connecticut
$762K +$35.5K +1,162 +5%
CFG
37
Cassilly Financial Group
Maryland
$694K +$688K +22,486 New
IIM
38
IFC & Insurance Marketing
California
$687K +$680K +22,250 New
SAI
39
Savvy Advisors Inc
New York
$681K +$674K +22,039 New
ATPW
40
Ashton Thomas Private Wealth
Arizona
$644K +$638K +20,871 New
IA
41
IFP Advisors
Florida
$637K +$630K +20,602 +54,216%
Cambridge Investment Research Advisors
42
Cambridge Investment Research Advisors
Iowa
$617K -$5.2K -170 -0.8%
Ameriprise
43
Ameriprise
Minnesota
$601K -$1.31K -43 -0.2%
DC
44
Dahring Cusmano
Michigan
$545K +$39.8K +1,302 +8%
BIS
45
BG Investment Services
Guam
$525K +$66.9K +2,187 +15%
SPIA
46
Steward Partners Investment Advisory
New York
$488K +$183K +5,977 +61%
WA
47
Whipplewood Advisors
Colorado
$463K +$459K +15,002 New
Fidelity Investments
48
Fidelity Investments
Massachusetts
$425K +$192K +6,263 +84%
MFG
49
Merit Financial Group
Georgia
$392K +$388K +12,704 New
CWP
50
Cyndeo Wealth Partners
Florida
$354K +$351K +11,468 New
1
2
3 4

FDEM Hedge Fund Activity: Q4 2025 in Review

71 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Fidelity Emerging Markets Multifactor ETF (FDEM) for Q4 2025, worth a combined $230M — up 83% from $126M a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new FDEM positions and 6 closed out — a net gain of 22 holders — while 29 added to existing stakes and 10 trimmed.

The largest buyer was Thrivent Financial for Lutherans, opening a new position worth an estimated $44.3M. The largest seller was von Borstel & Associates, exiting entirely with an estimated $3.34M sold.

  • 71 institutional investors held Fidelity Emerging Markets Multifactor ETF (FDEM) as of Q4 2025, up from 49 in Q3 2025.
  • Funds reported $230M of Fidelity Emerging Markets Multifactor ETF stock for Q4 2025, up 83% quarter-over-quarter.
  • 28 funds opened new Fidelity Emerging Markets Multifactor ETF positions in Q4 2025 and 6 closed out, a net change of +22 holders.
  • The largest Fidelity Emerging Markets Multifactor ETF buyer in Q4 2025 was Thrivent Financial for Lutherans, an estimated $44.3M added.
  • The largest Fidelity Emerging Markets Multifactor ETF seller in Q4 2025 was von Borstel & Associates, an estimated $3.34M sold.

Based on aggregated 13F filings for Q4 2025.