Fidelity MSCI Financials Index ETF
FNCL
188 hedge funds and large institutions have $548M invested in Fidelity MSCI Financials Index ETF in 2024 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 67 increasing their positions, 55 reducing their positions, and 21 closing their positions.
22% more repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 55
17% more capital inflows, than outflows
Capital inflows: $48.8M | Capital outflows: $41.5M
0.18% less ownership
Funds ownership: 34.52% → 34.34% (-0.18%)
4% less funds holding
Funds holding: 196 → 188 (-8)
14% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 21
100% less funds holding in top 10
Funds holding in top 10: 4 → 0 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
+$11.2M |
| 2 |
ACA
Aptus Capital Advisors
Fairhope,
Alabama
|
+$8.91M |
| 3 |
Lido Advisors
Los Angeles,
California
|
+$5.03M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$4.75M |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$4.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QAM
Q3 Asset Management
Birmingham,
Michigan
|
-$16.1M |
| 2 |
JP Morgan Chase
New York
|
-$4.35M |
| 3 |
Charles Schwab
San Francisco,
California
|
-$3.19M |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
-$3.01M |
| 5 |
LNC
Lincoln National Corp
Radnor,
Pennsylvania
|
-$2.73M |
FNCL Hedge Fund Activity: Q2 2024 in Review
188 of the 6,940 institutional investors tracked by Wall St. Rank reported a position in Fidelity MSCI Financials Index ETF (FNCL) for Q2 2024, worth a combined $548M — down 3.5% from $568M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of FNCL and 18 opened new positions — a net loss of 3 holders — while 55 trimmed existing stakes and 67 added.
The largest buyer was Kovitz Investment Group Partners, opening a new position worth an estimated $11.2M. The largest seller was Q3 Asset Management, exiting entirely with an estimated $16.1M sold.
- 188 institutional investors held Fidelity MSCI Financials Index ETF (FNCL) as of Q2 2024, down from 196 in Q1 2024.
- Funds reported $548M of Fidelity MSCI Financials Index ETF stock for Q2 2024, down 3.5% quarter-over-quarter.
- 18 funds opened new Fidelity MSCI Financials Index ETF positions in Q2 2024 and 21 closed out, a net change of -3 holders.
- The largest Fidelity MSCI Financials Index ETF buyer in Q2 2024 was Kovitz Investment Group Partners, an estimated $11.2M added.
- The largest Fidelity MSCI Financials Index ETF seller in Q2 2024 was Q3 Asset Management, an estimated $16.1M sold.
Based on aggregated 13F filings for Q2 2024.