Fidelity Enhanced Small Cap Core ETF
FESM
120 hedge funds and large institutions have $1.28B invested in Fidelity Enhanced Small Cap Core ETF in 2025 Q2 according to their latest regulatory filings, with 40 funds opening new positions, 51 increasing their positions, 19 reducing their positions, and 7 closing their positions.
471% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 7
168% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 19
161% more capital inflows, than outflows
Capital inflows: $132M | Capital outflows: $50.6M
38% more funds holding
Funds holding: 87 → 120 (+33)
0.4% more ownership
Funds ownership: 65.88% → 66.29% (+0.4%)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$21.3M |
| 2 |
LPL Financial
San Diego,
California
|
+$19M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$16.9M |
| 4 |
Sagespring Wealth Partners
Franklin,
Tennessee
|
+$8.85M |
| 5 |
Goldman Sachs
New York
|
+$5.36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Flow Traders U.S.
New York
|
-$13.5M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$8.58M |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$7.18M |
| 4 |
Prime Capital Investment Advisors
Overland Park,
Kansas
|
-$5.98M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$4.2M |
FESM Hedge Fund Activity: Q2 2025 in Review
120 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Fidelity Enhanced Small Cap Core ETF (FESM) for Q2 2025, worth a combined $1.28B — up 16% from $1.1B a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new FESM positions and 7 closed out — a net gain of 33 holders — while 51 added to existing stakes and 19 trimmed.
The largest buyer was Northwestern Mutual Wealth Management, adding an estimated $21.3M. The largest seller was Flow Traders U.S., exiting entirely with an estimated $13.5M sold.
- 120 institutional investors held Fidelity Enhanced Small Cap Core ETF (FESM) as of Q2 2025, up from 87 in Q1 2025.
- Funds reported $1.28B of Fidelity Enhanced Small Cap Core ETF stock for Q2 2025, up 16% quarter-over-quarter.
- 40 funds opened new Fidelity Enhanced Small Cap Core ETF positions in Q2 2025 and 7 closed out, a net change of +33 holders.
- The largest Fidelity Enhanced Small Cap Core ETF buyer in Q2 2025 was Northwestern Mutual Wealth Management, an estimated $21.3M added.
- The largest Fidelity Enhanced Small Cap Core ETF seller in Q2 2025 was Flow Traders U.S., an estimated $13.5M sold.
Based on aggregated 13F filings for Q2 2025.