Fidelity Systematic Municipal Bond Index ETF
FMUN
20 hedge funds and large institutions have $42.3M invested in Fidelity Systematic Municipal Bond Index ETF in 2025 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 4 increasing their positions, 8 reducing their positions, and 4 closing their positions.
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
18% more funds holding
Funds holding: 17 → 20 (+3)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less capital invested
Capital invested by funds: $43.8M → $42.3M (-$1.49M)
1.09% less ownership
Funds ownership: 25.84% → 24.75% (-1.1%)
50% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GRP
Global Retirement Partners
San Rafael,
California
|
+$2.19M |
| 2 |
EFG
Embree Financial Group
Chicago,
Illinois
|
+$559K |
| 3 |
SPC
Sigma Planning Corp
Ann Arbor,
Michigan
|
+$334K |
| 4 |
GWM
Global Wealth Management
Kingston,
New Jersey
|
+$293K |
| 5 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$169K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$3.98M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.14M |
| 3 |
LPL Financial
San Diego,
California
|
-$682K |
| 4 |
RTC
Riverview Trust Company
Vancouver,
Washington
|
-$536K |
| 5 |
HF
HRT Financial
New York
|
-$375K |
FMUN Hedge Fund Activity: Q4 2025 in Review
20 of the 8,270 institutional investors tracked by Wall St. Rank reported a position in Fidelity Systematic Municipal Bond Index ETF (FMUN) for Q4 2025, worth a combined $42.3M — down 3.4% from $43.8M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new FMUN positions and 4 closed out — a net gain of 3 holders — while 4 added to existing stakes and 8 trimmed.
The largest buyer was Global Retirement Partners, opening a new position worth an estimated $2.19M. The largest seller was Jane Street, cutting an estimated $3.98M.
- 20 institutional investors held Fidelity Systematic Municipal Bond Index ETF (FMUN) as of Q4 2025, up from 17 in Q3 2025.
- Funds reported $42.3M of Fidelity Systematic Municipal Bond Index ETF stock for Q4 2025, down 3.4% quarter-over-quarter.
- 7 funds opened new Fidelity Systematic Municipal Bond Index ETF positions in Q4 2025 and 4 closed out, a net change of +3 holders.
- The largest Fidelity Systematic Municipal Bond Index ETF buyer in Q4 2025 was Global Retirement Partners, an estimated $2.19M added.
- The largest Fidelity Systematic Municipal Bond Index ETF seller in Q4 2025 was Jane Street, an estimated $3.98M sold.
Based on aggregated 13F filings for Q4 2025.