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Fidelity Enhanced Small Cap Core ETF
FESM

145 hedge funds and large institutions have $1.75B invested in Fidelity Enhanced Small Cap Core ETF in 2025 Q3 according to their latest regulatory filings, with 35 funds opening new positions, 81 increasing their positions, 19 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

400% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 7

326% more repeat investments, than reductions

Existing positions increased: 81 | Existing positions reduced: 19

40% more funds holding in top 10

Funds holding in top 10: 5 → 7 (+2)

37% more capital invested

Capital invested by funds: $1.28B → $1.75B (+$471M)

22% more funds holding

Funds holding: 119 → 145 (+26)

4.01% more ownership

Funds ownership: 68.09% → 72.1% (+4%)

Holders
145
Holders Change
+26
Holders Change %
+21.85%
% of All Funds
1.9%
Holding in Top 10
7
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+40%
% of All Funds
0.09%
New
35
Increased
81
Reduced
19
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
VIA
Vantagepoint Investment Advisers
District of Columbia
+$48.3M
2
CWM
Calamos Wealth Management
Illinois
+$31.8M
3
LPL Financial
LPL Financial
California
+$31.5M
4
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
+$28.7M
5
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
+$26.1M

Top Sellers

1
Goldman Sachs
Goldman Sachs
New York
-$5.77M
2
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$5.12M
3
GFA
Gallagher Fiduciary Advisors
Illinois
-$4.23M
4
CWM
Cornerstone Wealth Management
Missouri
-$1.21M
5
SPC
Sigma Planning Corp
Michigan
-$520K
Name Holding Trade Value Shares
Change 		Change in
Stake
Ameriprise
26
Ameriprise
Minnesota
$6.33M +$5.95M +173,280 New
MA
27
Mutual Advisors
Nebraska
$5.93M +$5.47M +159,318 New
MAG
28
Mayfair Advisory Group
Alabama
$5.5M +$3.31M +96,373 +178%
MIA
29
Milestone Investment Advisors
Wisconsin
$5.5M +$476K +13,860 +10%
HIW
30
Holos Integrated Wealth
Pennsylvania
$5.47M +$49.9K +1,454 +1%
RIS
31
Retirement Income Solutions
Michigan
$5.08M +$125K +3,647 +3%
Cambridge Investment Research Advisors
32
Cambridge Investment Research Advisors
Iowa
$5.08M -$45.7K -1,330 -0.9%
GRP
33
Global Retirement Partners
California
$4.93M +$250K +7,274 +6%
Mariner
34
Mariner
Kansas
$4.88M +$4.35M +126,569 +1,805%
MA
35
Modus Advisors
Minnesota
$4.8M +$571K +16,612 +14%
KAS
36
Kestra Advisory Services
Texas
$4.79M +$1.58M +46,006 +54%
OCA
37
Otter Creek Advisors
Florida
$4.53M +$4.26M +124,000 New
FHC
38
First Heartland Consultants
Missouri
$4.2M +$3.95M +114,889 New
Baird Financial Group
39
Baird Financial Group
Wisconsin
$3.94M +$3.7M +107,677 New
TI
40
tru Independence
Oregon
$3.45M +$2.68M +78,063 +477%
NA
41
NewEdge Advisors
Louisiana
$3.42M -$16.9K -491 -0.5%
LCC
42
Lincoln Capital Corp
Rhode Island
$3.23M -$4.91K -143 -0.2%
FWM
43
FMA Wealth Management
Massachusetts
$3.22M +$22.2K +647 +0.7%
IWP
44
IAG Wealth Partners
Wisconsin
$3.19M +$266K +7,754 +10%
MML Investors Services
45
MML Investors Services
Massachusetts
$2.94M -$80K -2,330 -3%
CWA
46
Carolina Wealth Advisors
South Carolina
$2.9M +$2.69M +78,362 +8,120%
PAG
47
Private Advisor Group
New Jersey
$2.81M +$584K +17,014 +28%
FFA
48
Founders Financial Alliance
North Carolina
$2.75M +$2.58M +75,203 New
SPIA
49
Steward Partners Investment Advisory
New York
$2.61M +$225K +6,541 +10%
C
50
Croban
Ohio
$2.33M +$837K +24,355 +62%
1
2
3 4 5

FESM Hedge Fund Activity: Q3 2025 in Review

145 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Fidelity Enhanced Small Cap Core ETF (FESM) for Q3 2025, worth a combined $1.75B — up 37% from $1.28B a quarter earlier.

Buyers outnumbered sellers: 35 funds opened new FESM positions and 7 closed out — a net gain of 28 holders — while 81 added to existing stakes and 19 trimmed.

The largest buyer was Vantagepoint Investment Advisers, opening a new position worth an estimated $48.3M. The largest seller was Goldman Sachs, exiting entirely with an estimated $5.77M sold.

  • 145 institutional investors held Fidelity Enhanced Small Cap Core ETF (FESM) as of Q3 2025, up from 119 in Q2 2025.
  • Funds reported $1.75B of Fidelity Enhanced Small Cap Core ETF stock for Q3 2025, up 37% quarter-over-quarter.
  • 35 funds opened new Fidelity Enhanced Small Cap Core ETF positions in Q3 2025 and 7 closed out, a net change of +28 holders.
  • The largest Fidelity Enhanced Small Cap Core ETF buyer in Q3 2025 was Vantagepoint Investment Advisers, an estimated $48.3M added.
  • The largest Fidelity Enhanced Small Cap Core ETF seller in Q3 2025 was Goldman Sachs, an estimated $5.77M sold.

Based on aggregated 13F filings for Q3 2025.