Fidelity MSCI Financials Index ETF
FNCL
196 hedge funds and large institutions have $568M invested in Fidelity MSCI Financials Index ETF in 2024 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 56 increasing their positions, 62 reducing their positions, and 23 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
17% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 23
2% more funds holding
Funds holding: 192 → 196 (+4)
0.58% less ownership
Funds ownership: 35.11% → 34.52% (-0.58%)
10% less repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 62
25% less capital inflows, than outflows
Capital inflows: $50M | Capital outflows: $66.5M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QAM
Q3 Asset Management
Birmingham,
Michigan
|
+$10.8M |
| 2 |
Connectus Wealth
Cincinnati,
Ohio
|
+$8.71M |
| 3 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$5.93M |
| 4 |
AGF Management
Toronto,
Ontario, Canada
|
+$4.47M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$4.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$23M |
| 2 |
GGS
Galvin Gaustad & Stein
Scottsdale,
Arizona
|
-$8.35M |
| 3 |
AE Wealth Management
Topeka,
Kansas
|
-$3.9M |
| 4 |
Charles Schwab
San Francisco,
California
|
-$3.53M |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$3.31M |
FNCL Hedge Fund Activity: Q1 2024 in Review
196 of the 6,963 institutional investors tracked by Wall St. Rank reported a position in Fidelity MSCI Financials Index ETF (FNCL) for Q1 2024, worth a combined $568M — up 7.4% from $528M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new FNCL positions and 23 closed out — a net gain of 4 holders — while 56 added to existing stakes and 62 trimmed.
The largest buyer was Q3 Asset Management, adding an estimated $10.8M. The largest seller was Bank of America, cutting an estimated $23M.
- 196 institutional investors held Fidelity MSCI Financials Index ETF (FNCL) as of Q1 2024, up from 192 in Q4 2023.
- Funds reported $568M of Fidelity MSCI Financials Index ETF stock for Q1 2024, up 7.4% quarter-over-quarter.
- 27 funds opened new Fidelity MSCI Financials Index ETF positions in Q1 2024 and 23 closed out, a net change of +4 holders.
- The largest Fidelity MSCI Financials Index ETF buyer in Q1 2024 was Q3 Asset Management, an estimated $10.8M added.
- The largest Fidelity MSCI Financials Index ETF seller in Q1 2024 was Bank of America, an estimated $23M sold.
Based on aggregated 13F filings for Q1 2024.