Fidelity Quality Factor ETF
FQAL
126 hedge funds and large institutions have $835M invested in Fidelity Quality Factor ETF in 2025 Q2 according to their latest regulatory filings, with 26 funds opening new positions, 48 increasing their positions, 37 reducing their positions, and 9 closing their positions.
189% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 9
30% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 37
16% more funds holding
Funds holding: 109 → 126 (+17)
2% less capital invested
Capital invested by funds: $848M → $835M (-$13.3M)
1.89% less ownership
Funds ownership: 81.84% → 79.95% (-1.9%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RWML
RAFFA WEALTH MANAGEMENT, LLC
Washington,
District of Columbia
|
+$9.1M |
| 2 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$3.45M |
| 3 |
JP Morgan Chase
New York
|
+$3.38M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$1.8M |
| 5 |
LI
LVZ Inc
Holland,
Michigan
|
+$1.69M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$97.3M |
| 2 |
AWM
AE Wealth Management
Topeka,
Kansas
|
-$3.65M |
| 3 |
PCIA
Prime Capital Investment Advisors
Overland Park,
Kansas
|
-$2.73M |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$1.86M |
| 5 |
UW
Unique Wealth
Clearwater,
Florida
|
-$1.35M |
FQAL Hedge Fund Activity: Q2 2025 in Review
126 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Fidelity Quality Factor ETF (FQAL) for Q2 2025, worth a combined $835M — down 1.6% from $848M a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new FQAL positions and 9 closed out — a net gain of 17 holders — while 48 added to existing stakes and 37 trimmed.
The largest buyer was RAFFA WEALTH MANAGEMENT, LLC, opening a new position worth an estimated $9.1M. The largest seller was Fidelity Investments, cutting an estimated $97.3M.
- 126 institutional investors held Fidelity Quality Factor ETF (FQAL) as of Q2 2025, up from 109 in Q1 2025.
- Funds reported $835M of Fidelity Quality Factor ETF stock for Q2 2025, down 1.6% quarter-over-quarter.
- 26 funds opened new Fidelity Quality Factor ETF positions in Q2 2025 and 9 closed out, a net change of +17 holders.
- The largest Fidelity Quality Factor ETF buyer in Q2 2025 was RAFFA WEALTH MANAGEMENT, LLC, an estimated $9.1M added.
- The largest Fidelity Quality Factor ETF seller in Q2 2025 was Fidelity Investments, an estimated $97.3M sold.
Based on aggregated 13F filings for Q2 2025.