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Fidelity MSCI Financials Index ETF
FNCL

192 hedge funds and large institutions have $540M invested in Fidelity MSCI Financials Index ETF in 2023 Q4 according to their latest regulatory filings, with 35 funds opening new positions, 54 increasing their positions, 60 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

75% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 20

17% more capital invested

Capital invested by funds: $461M → $540M (+$79M)

8% more funds holding

Funds holding: 177 → 192 (+15)

1.13% more ownership

Funds ownership: 34.74% → 35.87% (+1.1%)

10% less repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 60

Holders
192
Holders Change
+15
Holders Change %
+8.47%
% of All Funds
2.8%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
35
Increased
54
Reduced
60
Closed
20
Calls
$269K
Puts
–
Net Calls
+$269K
Net Calls Change
-$1.01M

Top Buyers

1
Lido Advisors
Lido Advisors
California
+$12.6M
2
Morgan Stanley
Morgan Stanley
New York
+$11M
3
HighTower Advisors
HighTower Advisors
Illinois
+$4.06M
4
QAM
Q3 Asset Management
Michigan
+$3.74M
5
GGS
Galvin Gaustad & Stein
Arizona
+$3.71M

Top Sellers

1
FSC
Full Sail Capital
Oklahoma
-$12.1M
2
Bank of America
Bank of America
North Carolina
-$9.91M
3
CW
Connectus Wealth
Ohio
-$6.21M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$4.42M
5
UWM
USAdvisors Wealth Management
Minnesota
-$3.68M
Name Holding Trade Value Shares
Change 		Change in
Stake
AWM
176
Avior Wealth Management
Nebraska
$4.15K – – –
RWPA
177
Richard W. Paul & Associates
Michigan
$4.02K – – –
PP
178
Pacifica Partners
Canada
$3.81K +$3.65K +75 New
FCAS
179
First Command Advisory Services
Texas
$3.05K +$49 +1 +2%
FMTCOCP
180
Farmers & Merchants Trust Co of Chambersburg PA
Pennsylvania
$3K – – –
APC
181
Aspire Private Capital
North Carolina
$2.73K +$49 +1 +2%
BLC
182
Brown, Lisle/Cummings
Rhode Island
$2.2K – – –
PP
183
PFS Partners
New Jersey
$2.09K – – –
IRAG
184
Investment Research & Advisory Group
Georgia
$1.98K +$1.8K +37 New
FFA
185
Farther Finance Advisors
California
$1.55K -$731 -15 -34%
RIL
186
Rothschild Investment LLC
Illinois
$1.55K +$1.41K +29 New
CIA
187
Cape Investment Advisory
Georgia
$1.44K – – –
TFG
188
Team Financial Group
California
$1.28K +$1.17K +24 New
GI
189
Gradient Investments
Minnesota
$1.23K – – –
FCMT
190
Founders Capital Management (Texas)
Texas
$352 – – –
S
191
Sachetta
Massachusetts
$269 +$244 +5 New
LC
192
Lindbrook Capital
California
$107 -$13.3K -274 -99%
AA
193
Ancora Advisors
Ohio
$18 – – –
UWM
194
USAdvisors Wealth Management
Minnesota
– -$3.68M -78,998 Closed
Citadel Advisors
195
Citadel Advisors
Florida
– -$2.47M -53,083 Closed
PGWM
196
Pitti Group Wealth Management
New York
– -$1.28M -27,571 Closed
TRCT
197
Tower Research Capital (TRC)
New York
– -$1.23M -26,343 Closed
FTUS
198
Flow Traders U.S.
New York
– -$1.06M -22,765 Closed
Jane Street
199
Jane Street
New York
– -$694K -14,913 Closed
RJT
200
Raymond James Trust
Florida
– -$609K -13,083 Closed
5 6 7
8
9

FNCL Hedge Fund Activity: Q4 2023 in Review

192 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Fidelity MSCI Financials Index ETF (FNCL) for Q4 2023, worth a combined $540M — up 17% from $461M a quarter earlier.

Buyers outnumbered sellers: 35 funds opened new FNCL positions and 20 closed out — a net gain of 15 holders — while 54 added to existing stakes and 60 trimmed.

The largest buyer was Lido Advisors, adding an estimated $12.6M. The largest seller was Full Sail Capital, cutting an estimated $12.1M.

  • 192 institutional investors held Fidelity MSCI Financials Index ETF (FNCL) as of Q4 2023, up from 177 in Q3 2023.
  • Funds reported $540M of Fidelity MSCI Financials Index ETF stock for Q4 2023, up 17% quarter-over-quarter.
  • 35 funds opened new Fidelity MSCI Financials Index ETF positions in Q4 2023 and 20 closed out, a net change of +15 holders.
  • The largest Fidelity MSCI Financials Index ETF buyer in Q4 2023 was Lido Advisors, an estimated $12.6M added.
  • The largest Fidelity MSCI Financials Index ETF seller in Q4 2023 was Full Sail Capital, an estimated $12.1M sold.

Based on aggregated 13F filings for Q4 2023.