Fidelity MSCI Financials Index ETF
FNCL
176 hedge funds and large institutions have $459M invested in Fidelity MSCI Financials Index ETF in 2023 Q2 according to their latest regulatory filings, with 21 funds opening new positions, 47 increasing their positions, 70 reducing their positions, and 18 closing their positions.
17% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 18
1.19% more ownership
Funds ownership: 32.43% → 33.63% (+1.2%)
4% more capital invested
Capital invested by funds: $442M → $459M (+$17.2M)
1% more funds holding
Funds holding: 175 → 176 (+1)
33% less repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 70
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$27.8M |
| 2 |
Lido Advisors
Los Angeles,
California
|
+$16M |
| 3 |
CW
Connectus Wealth
Cincinnati,
Ohio
|
+$2.75M |
| 4 |
AM
AGF Management
Toronto,
Ontario, Canada
|
+$2.1M |
| 5 |
AWM
AE Wealth Management
Topeka,
Kansas
|
+$1.34M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$18.1M |
| 2 |
KAS
Kestra Advisory Services
Austin,
Texas
|
-$7.88M |
| 3 |
CI
CX Institutional
Auburn,
Indiana
|
-$4.12M |
| 4 |
EFM
Eley Financial Management
South Burlington,
Vermont
|
-$3.05M |
| 5 |
Charles Schwab
San Francisco,
California
|
-$2.9M |
FNCL Hedge Fund Activity: Q2 2023 in Review
176 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Fidelity MSCI Financials Index ETF (FNCL) for Q2 2023, worth a combined $459M — up 3.9% from $442M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new FNCL positions and 18 closed out — a net gain of 3 holders — while 47 added to existing stakes and 70 trimmed.
The largest buyer was Bank of America, adding an estimated $27.8M. The largest seller was Raymond James Financial Services Advisors, cutting an estimated $18.1M.
- 176 institutional investors held Fidelity MSCI Financials Index ETF (FNCL) as of Q2 2023, up from 175 in Q1 2023.
- Funds reported $459M of Fidelity MSCI Financials Index ETF stock for Q2 2023, up 3.9% quarter-over-quarter.
- 21 funds opened new Fidelity MSCI Financials Index ETF positions in Q2 2023 and 18 closed out, a net change of +3 holders.
- The largest Fidelity MSCI Financials Index ETF buyer in Q2 2023 was Bank of America, an estimated $27.8M added.
- The largest Fidelity MSCI Financials Index ETF seller in Q2 2023 was Raymond James Financial Services Advisors, an estimated $18.1M sold.
Based on aggregated 13F filings for Q2 2023.