Fidelity Magellan ETF
FMAG
13 hedge funds and large institutions have $4.45M invested in Fidelity Magellan ETF in 2023 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 2 increasing their positions, 3 reducing their positions, and 3 closing their positions.
240% more capital invested
Capital invested by funds: $1.31M → $4.45M (+$3.14M)
5.03% more ownership
Funds ownership: 4.09% → 9.13% (+5%)
0% more funds holding
Funds holding: 13 → 13 (0)
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
33% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BWA
Beam Wealth Advisors
Covington,
Louisiana
|
+$2.8M |
| 2 |
GIA
GHP Investment Advisors
Denver,
Colorado
|
+$19.3K |
| 3 |
FMP
Financial Management Professionals
Austin,
Texas
|
+$12.4K |
| 4 |
SS
Sunbelt Securities
Houston,
Texas
|
+$964 |
| 5 |
IA
IFP Advisors
Tampa,
Florida
|
+$287 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$380K |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$54.8K |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$24.7K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$22.1K |
| 5 |
CWP
Concord Wealth Partners
Abingdon,
Virginia
|
-$1K |
FMAG Hedge Fund Activity: Q2 2023 in Review
13 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Fidelity Magellan ETF (FMAG) for Q2 2023, worth a combined $4.45M — up 240% from $1.31M a quarter earlier.
Fund positioning in FMAG was balanced in Q2 2023: 3 funds opened new positions, 3 closed out, 2 added to existing stakes and 3 trimmed.
The largest buyer was Beam Wealth Advisors, opening a new position worth an estimated $2.8M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $380K sold.
- 13 institutional investors held Fidelity Magellan ETF (FMAG) as of Q2 2023, unchanged from Q1 2023.
- Funds reported $4.45M of Fidelity Magellan ETF stock for Q2 2023, up 240% quarter-over-quarter.
- 3 funds opened new Fidelity Magellan ETF positions in Q2 2023 and 3 closed out, a net change of 0 holders.
- The largest Fidelity Magellan ETF buyer in Q2 2023 was Beam Wealth Advisors, an estimated $2.8M added.
- The largest Fidelity Magellan ETF seller in Q2 2023 was Susquehanna International Group, an estimated $380K sold.
Based on aggregated 13F filings for Q2 2023.