Fidelity MSCI Financials Index ETF
FNCL
250 hedge funds and large institutions have $846M invested in Fidelity MSCI Financials Index ETF in 2026 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 89 increasing their positions, 81 reducing their positions, and 33 closing their positions.
10% more repeat investments, than reductions
Existing positions increased: 89 | Existing positions reduced: 81
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0.89% less ownership
Funds ownership: 39.37% → 38.48% (-0.89%)
6% less funds holding
Funds holding: 265 → 250 (-15)
11% less capital invested
Capital invested by funds: $952M → $846M (-$106M)
30% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 33
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
+$11.1M |
| 2 |
Charles Schwab
San Francisco,
California
|
+$8.08M |
| 3 |
Goldman Sachs
New York
|
+$5.41M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$4.75M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$4.67M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
-$11.1M |
| 2 |
PCS
Personal CFO Solutions
Chester,
New Jersey
|
-$9.05M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$8.13M |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$7.28M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$5.79M |
FNCL Hedge Fund Activity: Q1 2026 in Review
250 of the 8,127 institutional investors tracked by Wall St. Rank reported a position in Fidelity MSCI Financials Index ETF (FNCL) for Q1 2026, worth a combined $846M — down 11% from $952M a quarter earlier.
Sellers outnumbered buyers: 33 funds closed out of FNCL and 23 opened new positions — a net loss of 10 holders — while 81 trimmed existing stakes and 89 added.
The largest buyer was Two Sigma Investments, opening a new position worth an estimated $11.1M. The largest seller was Kovitz Investment Group Partners, cutting an estimated $11.1M.
- 250 institutional investors held Fidelity MSCI Financials Index ETF (FNCL) as of Q1 2026, down from 265 in Q4 2025.
- Funds reported $846M of Fidelity MSCI Financials Index ETF stock for Q1 2026, down 11% quarter-over-quarter.
- 23 funds opened new Fidelity MSCI Financials Index ETF positions in Q1 2026 and 33 closed out, a net change of -10 holders.
- The largest Fidelity MSCI Financials Index ETF buyer in Q1 2026 was Two Sigma Investments, an estimated $11.1M added.
- The largest Fidelity MSCI Financials Index ETF seller in Q1 2026 was Kovitz Investment Group Partners, an estimated $11.1M sold.
Based on aggregated 13F filings for Q1 2026.