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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$44.3M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
+$9.68M |
| 3 |
Raymond James Financial
St Petersburg,
Florida
|
+$7.75M |
| 4 |
ML
McAdam LLC
Philadelphia,
Pennsylvania
|
+$5.54M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$3.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VBA
von Borstel & Associates
The Dalles,
Oregon
|
-$3.34M |
| 2 |
Jane Street
New York
|
-$3.2M |
| 3 |
AIM
Archer Investment Management
Austin,
Texas
|
-$2.46M |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$549K |
| 5 |
RA
RFG Advisory
Birmingham,
Alabama
|
-$247K |
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.