Fidelity Enhanced Small Cap Core ETF
FESM
183 hedge funds and large institutions have $2.59B invested in Fidelity Enhanced Small Cap Core ETF in 2025 Q4 according to their latest regulatory filings, with 48 funds opening new positions, 100 increasing their positions, 21 reducing their positions, and 9 closing their positions.
433% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 9
376% more repeat investments, than reductions
Existing positions increased: 100 | Existing positions reduced: 21
48% more capital invested
Capital invested by funds: $1.75B → $2.59B (+$841M)
26% more funds holding
Funds holding: 145 → 183 (+38)
7.45% more ownership
Funds ownership: 72.1% → 79.55% (+7.5%)
0% more funds holding in top 10
Funds holding in top 10: 7 → 7 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$146M |
| 2 |
JP Morgan Chase
New York
|
+$68.7M |
| 3 |
DWM
Dynasty Wealth Management
St. Petersburg,
Florida
|
+$66.4M |
| 4 |
QWP
Quotient Wealth Partners
Dallas,
Texas
|
+$65.9M |
| 5 |
LPL Financial
San Diego,
California
|
+$63.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$15.6M |
| 2 |
Jane Street
New York
|
-$2.12M |
| 3 |
FTUS
Flow Traders U.S.
New York
|
-$1.97M |
| 4 |
CF
Convergence Financial
Columbia,
Missouri
|
-$1.77M |
| 5 |
AI
Atria Investments
Charlotte,
North Carolina
|
-$1.48M |
FESM Hedge Fund Activity: Q4 2025 in Review
183 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Fidelity Enhanced Small Cap Core ETF (FESM) for Q4 2025, worth a combined $2.59B — up 48% from $1.75B a quarter earlier.
Buyers outnumbered sellers: 48 funds opened new FESM positions and 9 closed out — a net gain of 39 holders — while 100 added to existing stakes and 21 trimmed.
The largest buyer was Ameriprise, adding an estimated $146M. The largest seller was Wellington Management Group, exiting entirely with an estimated $15.6M sold.
- 183 institutional investors held Fidelity Enhanced Small Cap Core ETF (FESM) as of Q4 2025, up from 145 in Q3 2025.
- Funds reported $2.59B of Fidelity Enhanced Small Cap Core ETF stock for Q4 2025, up 48% quarter-over-quarter.
- 48 funds opened new Fidelity Enhanced Small Cap Core ETF positions in Q4 2025 and 9 closed out, a net change of +39 holders.
- The largest Fidelity Enhanced Small Cap Core ETF buyer in Q4 2025 was Ameriprise, an estimated $146M added.
- The largest Fidelity Enhanced Small Cap Core ETF seller in Q4 2025 was Wellington Management Group, an estimated $15.6M sold.
Based on aggregated 13F filings for Q4 2025.