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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
PS
76
Principal Securities
Iowa
$823K +$30.8K +897 +4%
SS
77
Sunbelt Securities
Texas
$799K +$356K +10,351 +90%
EFH
78
Eaton Financial Holdings
Florida
$772K +$32.5K +945 +5%
FFA
79
Farther Finance Advisors
California
$757K +$673K +19,593 +1,745%
Wealth Enhancement Advisory Services
80
Wealth Enhancement Advisory Services
Minnesota
$740K +$54.2K +1,577 +8%
HighTower Advisors
81
HighTower Advisors
Illinois
$714K +$106K +3,073 +19%
FHA
82
Flagship Harbor Advisors
Massachusetts
$706K +$56.6K +1,648 +9%
P
83
&Partners
Tennessee
$678K +$628K +18,294 New
NFG
84
Nations Financial Group
Iowa
$672K +$632K +18,387 New
OFG
85
OmniStar Financial Group
North Carolina
$667K +$35.2K +1,026 +6%
AIP
86
Ameritas Investment Partners
Nebraska
$640K +$30.5K +887 +5%
MCM
87
McRae Capital Management
New Jersey
$618K +$27.6K +802 +5%
LA
88
Lynch & Associates
Indiana
$594K +$25.4K +740 +5%
KWS
89
Keystone Wealth Services
California
$585K -$41.9K -1,219 -7%
GS
90
GWN Securities
Florida
$570K +$17.7K +514 +3%
UBS Group
91
UBS Group
Switzerland
$514K +$406K +11,824 +530%
PTC
92
Private Trust Company
Ohio
$487K – – –
MWP
93
Madison Wealth Partners
Wisconsin
$476K -$71.4K -2,079 -14%
Janney Montgomery Scott
94
Janney Montgomery Scott
Pennsylvania
$460K -$7.59K -221 -2%
SWM
95
Spire Wealth Management
Virginia
$439K +$20.5K +596 +5%
FP
96
Financial Perspectives
Minnesota
$437K +$6.77K +197 +2%
TPCW
97
TD Private Client Wealth
New York
$423K +$398K +11,577 New
KPWS
98
Kestra Private Wealth Services
Texas
$388K +$365K +10,623 New
FFG
99
Fortress Financial Group
Minnesota
$380K +$515 +15 +0.1%
WAM
100
Worth Asset Management
Texas
$368K +$71.1K +2,069 +26%
2 3
4
5 6

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.