Fidelity MSCI Financials Index ETF
FNCL
99 hedge funds and large institutions have $303M invested in Fidelity MSCI Financials Index ETF in 2017 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 44 increasing their positions, 34 reducing their positions, and 7 closing their positions.
71% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 7
29% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 34
18% more capital invested
Capital invested by funds: $257M → $303M (+$45.2M)
4% more funds holding
Funds holding: 95 → 99 (+4)
1.43% more ownership
Funds ownership: 30.61% → 32.05% (+1.4%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FI
FormulaFolio Investments
Grand Rapids,
Michigan
|
+$28.8M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$3.91M |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
+$3.91M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$3.05M |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$2.47M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$9M |
| 2 |
SSW
Smith Shellnut Wilson
Ridgeland,
Mississippi
|
-$4.1M |
| 3 |
DLCIG
D.L. Carlson Investment Group
Concord,
New Hampshire
|
-$3.18M |
| 4 |
VEA
Virtus ETF Advisers
New York
|
-$1.4M |
| 5 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
-$1.07M |
FNCL Hedge Fund Activity: Q3 2017 in Review
99 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Fidelity MSCI Financials Index ETF (FNCL) for Q3 2017, worth a combined $303M — up 18% from $257M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new FNCL positions and 7 closed out — a net gain of 5 holders — while 44 added to existing stakes and 34 trimmed.
The largest buyer was FormulaFolio Investments, opening a new position worth an estimated $28.8M. The largest seller was Envestnet Asset Management, cutting an estimated $9M.
- 99 institutional investors held Fidelity MSCI Financials Index ETF (FNCL) as of Q3 2017, up from 95 in Q2 2017.
- Funds reported $303M of Fidelity MSCI Financials Index ETF stock for Q3 2017, up 18% quarter-over-quarter.
- 12 funds opened new Fidelity MSCI Financials Index ETF positions in Q3 2017 and 7 closed out, a net change of +5 holders.
- The largest Fidelity MSCI Financials Index ETF buyer in Q3 2017 was FormulaFolio Investments, an estimated $28.8M added.
- The largest Fidelity MSCI Financials Index ETF seller in Q3 2017 was Envestnet Asset Management, an estimated $9M sold.
Based on aggregated 13F filings for Q3 2017.