Fidelity MSCI Financials Index ETF
FNCL
254 hedge funds and large institutions have $858M invested in Fidelity MSCI Financials Index ETF in 2025 Q2 according to their latest regulatory filings, with 25 funds opening new positions, 87 increasing their positions, 85 reducing their positions, and 26 closing their positions.
933% more call options, than puts
Call options by funds: $837K | Put options by funds: $81K
4% more capital invested
Capital invested by funds: $824M → $858M (+$34.1M)
2% more repeat investments, than reductions
Existing positions increased: 87 | Existing positions reduced: 85
4% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 26
1.09% less ownership
Funds ownership: 38.36% → 37.27% (-1.1%)
2% less funds holding
Funds holding: 259 → 254 (-5)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
+$8.76M |
| 2 |
Two Sigma Investments
New York
|
+$6.58M |
| 3 |
BCM
Beaumont Capital Management
Boston,
Massachusetts
|
+$5.77M |
| 4 |
MWM
Modern Wealth Management
Lenexa,
Kansas
|
+$5.56M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$3.94M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AM
AGF Management
Toronto,
Ontario, Canada
|
-$17.3M |
| 2 |
QAM
Q3 Asset Management
Birmingham,
Michigan
|
-$10.5M |
| 3 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$7.43M |
| 4 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
-$4.22M |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
-$3.48M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WB
276
Webster Bank
Waterbury,
Connecticut
| – | -$20.3K | -292 | Closed |
|
|
QCG
277
Quadrant Capital Group
Cincinnati,
Ohio
| – | -$17.1K | -246 | Closed |
|
|
GSWM
278
Golden State Wealth Management
Santa Ana,
California
| – | -$16K | -230 | Closed |
|
279
Bessemer Group
Woodbridge,
New Jersey
| – | -$9K | -128 | Closed |
|
|
CCM
280
Coldstream Capital Management
Bellevue,
Washington
| – | -$6.67K | -96 | Closed |
|
|
KGP
281
Keystone Global Partners
Denver,
Colorado
| – | -$70 | -1 | Closed |
|
FNCL Hedge Fund Activity: Q2 2025 in Review
254 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Fidelity MSCI Financials Index ETF (FNCL) for Q2 2025, worth a combined $858M — up 4.1% from $824M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of FNCL and 25 opened new positions — a net loss of 1 holder — while 85 trimmed existing stakes and 87 added.
The largest buyer was Kovitz Investment Group Partners, adding an estimated $8.76M. The largest seller was AGF Management, cutting an estimated $17.3M.
- 254 institutional investors held Fidelity MSCI Financials Index ETF (FNCL) as of Q2 2025, down from 259 in Q1 2025.
- Funds reported $858M of Fidelity MSCI Financials Index ETF stock for Q2 2025, up 4.1% quarter-over-quarter.
- 25 funds opened new Fidelity MSCI Financials Index ETF positions in Q2 2025 and 26 closed out, a net change of -1 holder.
- The largest Fidelity MSCI Financials Index ETF buyer in Q2 2025 was Kovitz Investment Group Partners, an estimated $8.76M added.
- The largest Fidelity MSCI Financials Index ETF seller in Q2 2025 was AGF Management, an estimated $17.3M sold.
Based on aggregated 13F filings for Q2 2025.