Fidelity Momentum Factor ETF
FDMO
35 hedge funds and large institutions have $102M invested in Fidelity Momentum Factor ETF in 2023 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 12 increasing their positions, 10 reducing their positions, and 2 closing their positions.
200% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 2
20% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 10
15% more capital invested
Capital invested by funds: $89.2M → $102M (+$12.9M)
13% more funds holding
Funds holding: 31 → 35 (+4)
0.52% less ownership
Funds ownership: 63.73% → 63.21% (-0.52%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.72M |
| 2 |
TC
Trilogy Capital
Irvine,
California
|
+$1.59M |
| 3 |
Morgan Stanley
New York
|
+$1.5M |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$920K |
| 5 |
Goldman Sachs
New York
|
+$901K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
-$5.55M |
| 2 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
-$890K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$576K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$275K |
| 5 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
-$242K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Bank of America
Charlotte,
North Carolina
| $289K | -$576K | -11,736 | -68% |
|
|
DWM
27
Darwin Wealth Management
Tampa,
Florida
| $287K | -$22.9K | -467 | -8% |
|
|
FT
28
Fiduciary Trust
Boston,
Massachusetts
| $223K | +$207K | +4,214 | New |
|
|
BFEC
29
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $16K | – | – | – |
|
|
ASN
30
Advisory Services Network
Atlanta,
Georgia
| $8.84K | +$8.19K | +167 | New |
|
|
GEA
31
Glen Eagle Advisors
Kingston,
New Jersey
| $4.23K | – | – | – |
|
|
SWM
32
Spire Wealth Management
Mclean,
Virginia
| $1.35K | – | – | – |
|
|
TRCT
33
Tower Research Capital (TRC)
New York
| $1.06K | – | – | – |
|
34
Royal Bank of Canada
Toronto,
Ontario, Canada
| $1K | -$18.3K | -374 | -96% |
|
|
CAS
35
Coppell Advisory Solutions
Coppell,
Texas
| $476 | +$442 | +9 | New |
|
36
Wells Fargo
San Francisco,
California
| $20 | – | – | – |
|
|
37
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$275K | -5,899 | Closed |
|
|
HI
38
Harbour Investments
Madison,
Wisconsin
| – | -$4.3K | -92 | Closed |
|
FDMO Hedge Fund Activity: Q4 2023 in Review
35 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Fidelity Momentum Factor ETF (FDMO) for Q4 2023, worth a combined $102M — up 15% from $89.2M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new FDMO positions and 2 closed out — a net gain of 4 holders — while 12 added to existing stakes and 10 trimmed.
The largest buyer was Envestnet Asset Management, adding an estimated $1.72M. The largest seller was Osaic Holdings, cutting an estimated $5.55M.
- 35 institutional investors held Fidelity Momentum Factor ETF (FDMO) as of Q4 2023, up from 31 in Q3 2023.
- Funds reported $102M of Fidelity Momentum Factor ETF stock for Q4 2023, up 15% quarter-over-quarter.
- 6 funds opened new Fidelity Momentum Factor ETF positions in Q4 2023 and 2 closed out, a net change of +4 holders.
- The largest Fidelity Momentum Factor ETF buyer in Q4 2023 was Envestnet Asset Management, an estimated $1.72M added.
- The largest Fidelity Momentum Factor ETF seller in Q4 2023 was Osaic Holdings, an estimated $5.55M sold.
Based on aggregated 13F filings for Q4 2023.