Fidelity Systematic Municipal Bond Index ETF
FMUN
22 hedge funds and large institutions have $38M invested in Fidelity Systematic Municipal Bond Index ETF in 2026 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 8 increasing their positions, 8 reducing their positions, and 1 closing their positions.
300% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 1
10% more funds holding
Funds holding: 20 → 22 (+2)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 8
3.5% less ownership
Funds ownership: 24.75% → 21.25% (-3.5%)
10% less capital invested
Capital invested by funds: $42.3M → $38M (-$4.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EFG
Embree Financial Group
Chicago,
Illinois
|
+$366K |
| 2 |
QCM
Quantinno Capital Management
New York
|
+$258K |
| 3 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
+$158K |
| 4 |
SHIM
Stone House Investment Management
Tunkhannock,
Pennsylvania
|
+$142K |
| 5 |
FPFC
Financial Planning Fort Collins
Fort Collins,
Colorado
|
+$141K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
-$1.16M |
| 2 |
MJFG
Mars Jewett Financial Group
Bellevue,
Washington
|
-$653K |
| 3 |
Jane Street
New York
|
-$500K |
| 4 |
LPL Financial
San Diego,
California
|
-$390K |
| 5 |
LPP
Life Planning Partners
Jacksonville,
Florida
|
-$148K |
FMUN Hedge Fund Activity: Q1 2026 in Review
22 of the 8,191 institutional investors tracked by Wall St. Rank reported a position in Fidelity Systematic Municipal Bond Index ETF (FMUN) for Q1 2026, worth a combined $38M — down 10% from $42.3M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new FMUN positions and 1 closed out — a net gain of 3 holders — while 8 added to existing stakes and 8 trimmed.
The largest buyer was Embree Financial Group, adding an estimated $366K. The largest seller was Osaic Holdings, cutting an estimated $1.16M.
- 22 institutional investors held Fidelity Systematic Municipal Bond Index ETF (FMUN) as of Q1 2026, up from 20 in Q4 2025.
- Funds reported $38M of Fidelity Systematic Municipal Bond Index ETF stock for Q1 2026, down 10% quarter-over-quarter.
- 4 funds opened new Fidelity Systematic Municipal Bond Index ETF positions in Q1 2026 and 1 closed out, a net change of +3 holders.
- The largest Fidelity Systematic Municipal Bond Index ETF buyer in Q1 2026 was Embree Financial Group, an estimated $366K added.
- The largest Fidelity Systematic Municipal Bond Index ETF seller in Q1 2026 was Osaic Holdings, an estimated $1.16M sold.
Based on aggregated 13F filings for Q1 2026.