Fidelity MSCI Financials Index ETF
FNCL
267 hedge funds and large institutions have $954M invested in Fidelity MSCI Financials Index ETF in 2025 Q4 according to their latest regulatory filings, with 37 funds opening new positions, 106 increasing their positions, 68 reducing their positions, and 21 closing their positions.
76% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 21
56% more repeat investments, than reductions
Existing positions increased: 106 | Existing positions reduced: 68
5% more funds holding
Funds holding: 255 → 267 (+12)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
1% less capital invested
Capital invested by funds: $963M → $954M (-$8.94M)
1.09% less ownership
Funds ownership: 40.57% → 39.48% (-1.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$4.88M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$4.62M |
| 3 |
LPL Financial
San Diego,
California
|
+$4.23M |
| 4 |
Charles Schwab
San Francisco,
California
|
+$3.88M |
| 5 |
Citigroup
New York
|
+$3.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VC
Vicus Capital
State College,
Pennsylvania
|
-$23M |
| 2 |
Two Sigma Investments
New York
|
-$5.87M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$4.1M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$3.44M |
| 5 |
Mercer Global Advisors
Denver,
Colorado
|
-$1.94M |
FNCL Hedge Fund Activity: Q4 2025 in Review
267 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Fidelity MSCI Financials Index ETF (FNCL) for Q4 2025, worth a combined $954M — down 0.93% from $963M a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new FNCL positions and 21 closed out — a net gain of 16 holders — while 106 added to existing stakes and 68 trimmed.
The largest buyer was Kestra Advisory Services, adding an estimated $4.88M. The largest seller was Vicus Capital, cutting an estimated $23M.
- 267 institutional investors held Fidelity MSCI Financials Index ETF (FNCL) as of Q4 2025, up from 255 in Q3 2025.
- Funds reported $954M of Fidelity MSCI Financials Index ETF stock for Q4 2025, down 0.93% quarter-over-quarter.
- 37 funds opened new Fidelity MSCI Financials Index ETF positions in Q4 2025 and 21 closed out, a net change of +16 holders.
- The largest Fidelity MSCI Financials Index ETF buyer in Q4 2025 was Kestra Advisory Services, an estimated $4.88M added.
- The largest Fidelity MSCI Financials Index ETF seller in Q4 2025 was Vicus Capital, an estimated $23M sold.
Based on aggregated 13F filings for Q4 2025.