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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
BFA
101
Beacon Financial Advisory
Ohio
$360K +$77.6K +2,260 +30%
KW
102
KWB Wealth
California
$308K +$85.1K +2,478 +35%
Comerica Bank
103
Comerica Bank
Texas
$298K +$101K +2,934 +56%
BFS
104
BridgePort Financial Solutions
Iowa
$293K +$18.1K +526 +7%
FTS
105
Fifth Third Securities
Ohio
$281K +$34 +1 +0%
EFS
106
Essex Financial Services
Connecticut
$252K +$309 +9 +0.1%
SI
107
Stephens Inc
Arkansas
$249K +$234K +6,800 New
PI
108
PFG Investments
New York
$248K +$233K +6,790 New
RFA
109
Register Financial Advisors
Georgia
$247K +$37.8K +1,100 +19%
MCA
110
Magnolia Capital Advisors
Mississippi
$244K +$230K +6,683 New
Truist Financial
111
Truist Financial
North Carolina
$230K +$216K +6,300 New
CAL
112
Capital Analysts LLC
Pennsylvania
$230K +$217K +6,303 New
CFB
113
Cullen/Frost Bankers
Texas
$224K +$151K +4,403 +256%
RW
114
REDW Wealth
New Mexico
$214K +$201K +5,854 New
JGUA
115
John G. Ullman & Associates
New York
$214K +$201K +5,847 New
BCWM
116
Ball & Co Wealth Management
Tennessee
$212K +$200K +5,815 New
MFG
117
Merit Financial Group
Georgia
$206K +$194K +5,637 New
ATI
118
ARK & TLK Investments
Oklahoma
$205K +$192K +5,599 New
SAG
119
SageView Advisory Group
California
$201K +$189K +5,500 New
JP Morgan Chase
120
JP Morgan Chase
New York
$170K +$158K +4,590 +9,180%
ASN
121
Advisory Services Network
Georgia
$155K +$146K +4,243 New
CA
122
Clearstead Advisors
Ohio
$140K -$94.6K -2,754 -42%
HAP
123
Harbor Asset Planning
Massachusetts
$60.5K +$56.9K +1,655 New
AAS
124
Ameritas Advisory Services
Nebraska
$56.7K -$29.6K -863 -36%
EWA
125
EverSource Wealth Advisors
Alabama
$44.1K +$69 +2 +0.2%
3 4
5
6 7

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.