Fidelity Magellan ETF

FMAG

Market cap $276M

Overview Fund Activity

34.95 USD

-0.20

0.57%

At close Updated Sep 17, 4:00 PM EDT

Pre-market

After hours

34.95

0.00

1 day

-0.57%

5 days

-1.08%

1 month

-0.65%

3 months

6.62%

6 months

17.36%

Year to date

13%

1 year

15.88%

5 years

73.19%

10 years

73.19%

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

200% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 2

40% more capital invested

Capital invested by funds: $84.9M [Q1] → $119M (+$33.7M) [Q2]

11% more repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 9

11% more funds holding

Funds holding: 28 [Q1] → 31 (+3) [Q2]

3.79% more ownership

Funds ownership: 42.93% [Q1] → 46.72% (+3.79%) [Q2]

See Fund Rankings

Financial journalist opinion

Positive

Seeking Alpha

3 months ago

FMAG ETF: Strong Bounceback From Liberation Day; Upgrade To Hold

FMAG has rebounded recently, outperforming after a period of underperformance, prompting me to upgrade my rating to hold. The fund's active management made timely bets in the past few months, but overall risk-adjusted returns and high fees remain concerns versus passive S&P 500 ETFs over longer timeframes. While FMAG's recent moves are impressive, I recommend watching for sustained outperformance before considering it over established, lower-fee index funds.

Negative

Seeking Alpha

6 months ago

FMAG: Don't Bother With This High Fee, Limited Differentiation ETF

Fidelity Magellan ETF, an actively managed ETF by Fidelity, aims to outperform the S&P 500 but has failed to deliver significant alpha over four years. The fund's 0.6% expense ratio is high compared to SPY's 0.09%, with FMAG showing more volatility and a low Sharpe ratio of 0.16. FMAG's portfolio closely mirrors SPY, with minor differences, making it unnecessary to pay higher fees for similar exposure.

Negative

Seeking Alpha

1 year ago

FMAG ETF: Active Equity Strategy Still Has A Lot To Prove

The Fidelity Magellan ETF is an actively managed fund that focuses on large-cap U.S. stocks. The fund has rallied over the past year but still lags the benchmark S&P 500 historically. It's unclear whether the strategy can deliver Alpha over the long run.

See News Rankings

Charts implemented using Lightweight Charts™

Fidelity Magellan ETF FMAG Market cap $276M

Fund manager confidence

200% more first-time investments, than exits

40% more capital invested

11% more repeat investments, than reductions

11% more funds holding

3.79% more ownership

Financial journalist opinion

Fidelity Magellan ETF

FMAG

Market cap $276M