Fidelity Magellan ETF
FMAG
28 hedge funds and large institutions have $21.9M invested in Fidelity Magellan ETF in 2024 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 8 increasing their positions, 4 reducing their positions, and 3 closing their positions.
233% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 3
100% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 4
46% more capital invested
Capital invested by funds: $14.9M → $21.9M (+$6.95M)
33% more funds holding
Funds holding: 21 → 28 (+7)
2.75% more ownership
Funds ownership: 13.15% → 15.9% (+2.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWA
Arkadios Wealth Advisors
Atlanta,
Georgia
|
+$3.14M |
| 2 |
Fidelity International
Hamilton,
Bermuda
|
+$2.01M |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$1.19M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.19M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$925K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$3.26M |
| 2 |
JWCA
J.W. Cole Advisors
Tampa,
Florida
|
-$587K |
| 3 |
ECA
Elevation Capital Advisory
Bend,
Oregon
|
-$265K |
| 4 |
KAS
Kestra Advisory Services
Austin,
Texas
|
-$221K |
| 5 |
Goldman Sachs
New York
|
-$11.2K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AWM
26
Abound Wealth Management
Franklin,
Tennessee
| $919 | +$888 | +30 | New |
|
27
Morgan Stanley
New York
| $60 | – | – | – |
|
28
Fidelity Investments
Boston,
Massachusetts
| $31 | +$30 | +1 | New |
|
|
29
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$3.26M | -109,806 | Closed |
|
|
ECA
30
Elevation Capital Advisory
Bend,
Oregon
| – | -$265K | -8,925 | Closed |
|
|
KAS
31
Kestra Advisory Services
Austin,
Texas
| – | -$221K | -7,432 | Closed |
|
FMAG Hedge Fund Activity: Q3 2024 in Review
28 of the 6,965 institutional investors tracked by Wall St. Rank reported a position in Fidelity Magellan ETF (FMAG) for Q3 2024, worth a combined $21.9M — up 46% from $14.9M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new FMAG positions and 3 closed out — a net gain of 7 holders — while 8 added to existing stakes and 4 trimmed.
The largest buyer was Arkadios Wealth Advisors, opening a new position worth an estimated $3.14M. The largest seller was Cambridge Investment Research Advisors, exiting entirely with an estimated $3.26M sold.
- 28 institutional investors held Fidelity Magellan ETF (FMAG) as of Q3 2024, up from 21 in Q2 2024.
- Funds reported $21.9M of Fidelity Magellan ETF stock for Q3 2024, up 46% quarter-over-quarter.
- 10 funds opened new Fidelity Magellan ETF positions in Q3 2024 and 3 closed out, a net change of +7 holders.
- The largest Fidelity Magellan ETF buyer in Q3 2024 was Arkadios Wealth Advisors, an estimated $3.14M added.
- The largest Fidelity Magellan ETF seller in Q3 2024 was Cambridge Investment Research Advisors, an estimated $3.26M sold.
Based on aggregated 13F filings for Q3 2024.