Fidelity Systematic Municipal Bond Index ETF
FMUN
17 hedge funds and large institutions have $43.8M invested in Fidelity Systematic Municipal Bond Index ETF in 2025 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 6 increasing their positions, 7 reducing their positions, and 4 closing their positions.
2.93% less ownership
Funds ownership: 28.77% → 25.84% (-2.9%)
6% less funds holding
Funds holding: 18 → 17 (-1)
8% less capital invested
Capital invested by funds: $47.6M → $43.8M (-$3.8M)
14% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 7
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$1.64M |
| 2 |
HF
HRT Financial
New York
|
+$370K |
| 3 |
IAG
Investment Advisory Group
Hanover,
Massachusetts
|
+$243K |
| 4 |
AWE
Avidian Wealth Enterprises
Houston,
Texas
|
+$30K |
| 5 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
+$28.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$2.59M |
| 2 |
LPL Financial
San Diego,
California
|
-$1.71M |
| 3 |
RTC
Riverview Trust Company
Vancouver,
Washington
|
-$1.24M |
| 4 |
SEM
Strategic Equity Management
Tucson,
Arizona
|
-$357K |
| 5 |
KPWS
Kestra Private Wealth Services
Austin,
Texas
|
-$318K |
FMUN Hedge Fund Activity: Q3 2025 in Review
17 of the 7,641 institutional investors tracked by Wall St. Rank reported a position in Fidelity Systematic Municipal Bond Index ETF (FMUN) for Q3 2025, worth a combined $43.8M — down 8% from $47.6M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of FMUN and 3 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 6 added.
The largest buyer was Jane Street, adding an estimated $1.64M. The largest seller was Commonwealth Equity Services, cutting an estimated $2.59M.
- 17 institutional investors held Fidelity Systematic Municipal Bond Index ETF (FMUN) as of Q3 2025, down from 18 in Q2 2025.
- Funds reported $43.8M of Fidelity Systematic Municipal Bond Index ETF stock for Q3 2025, down 8% quarter-over-quarter.
- 3 funds opened new Fidelity Systematic Municipal Bond Index ETF positions in Q3 2025 and 4 closed out, a net change of -1 holder.
- The largest Fidelity Systematic Municipal Bond Index ETF buyer in Q3 2025 was Jane Street, an estimated $1.64M added.
- The largest Fidelity Systematic Municipal Bond Index ETF seller in Q3 2025 was Commonwealth Equity Services, an estimated $2.59M sold.
Based on aggregated 13F filings for Q3 2025.