Fidelity MSCI Financials Index ETF
FNCL
175 hedge funds and large institutions have $442M invested in Fidelity MSCI Financials Index ETF in 2023 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 46 increasing their positions, 70 reducing their positions, and 35 closing their positions.
2.84% less ownership
Funds ownership: 35.28% → 32.43% (-2.8%)
11% less funds holding
Funds holding: 197 → 175 (-22)
17% less capital invested
Capital invested by funds: $533M → $442M (-$91.1M)
34% less repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 70
46% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 35
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$6.86M |
| 2 |
CW
Connectus Wealth
Cincinnati,
Ohio
|
+$5.5M |
| 3 |
CI
CX Institutional
Auburn,
Indiana
|
+$5.07M |
| 4 |
Lido Advisors
Los Angeles,
California
|
+$3.95M |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$3.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$18.7M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$12.7M |
| 3 |
VC
Vicus Capital
State College,
Pennsylvania
|
-$10.9M |
| 4 |
PCS
Personal CFO Solutions
Chester,
New Jersey
|
-$4.23M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$4.19M |
FNCL Hedge Fund Activity: Q1 2023 in Review
175 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Fidelity MSCI Financials Index ETF (FNCL) for Q1 2023, worth a combined $442M — down 17% from $533M a quarter earlier.
Sellers outnumbered buyers: 35 funds closed out of FNCL and 19 opened new positions — a net loss of 16 holders — while 70 trimmed existing stakes and 46 added.
The largest buyer was Kestra Advisory Services, adding an estimated $6.86M. The largest seller was Cetera Investment Advisers, cutting an estimated $18.7M.
- 175 institutional investors held Fidelity MSCI Financials Index ETF (FNCL) as of Q1 2023, down from 197 in Q4 2022.
- Funds reported $442M of Fidelity MSCI Financials Index ETF stock for Q1 2023, down 17% quarter-over-quarter.
- 19 funds opened new Fidelity MSCI Financials Index ETF positions in Q1 2023 and 35 closed out, a net change of -16 holders.
- The largest Fidelity MSCI Financials Index ETF buyer in Q1 2023 was Kestra Advisory Services, an estimated $6.86M added.
- The largest Fidelity MSCI Financials Index ETF seller in Q1 2023 was Cetera Investment Advisers, an estimated $18.7M sold.
Based on aggregated 13F filings for Q1 2023.