Fidelity Quality Factor ETF
FQAL
136 hedge funds and large institutions have $865M invested in Fidelity Quality Factor ETF in 2025 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 52 increasing their positions, 40 reducing their positions, and 8 closing their positions.
188% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 8
30% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 40
9% more funds holding
Funds holding: 125 → 136 (+11)
5% more capital invested
Capital invested by funds: $825M → $865M (+$40.1M)
1.84% less ownership
Funds ownership: 79.02% → 77.19% (-1.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$3.97M |
| 2 |
Raymond James Financial
St Petersburg,
Florida
|
+$3.95M |
| 3 |
KWS
Keystone Wealth Services
Palm Desert,
California
|
+$3.25M |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$2.31M |
| 5 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$1.77M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$28.9M |
| 2 |
CPSAC
Chas P. Smith & Associates (CPS)
Lakeland,
Florida
|
-$7.05M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$1.83M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.53M |
| 5 |
OWM
Orgel Wealth Management
Altoona,
Wisconsin
|
-$1.35M |
FQAL Hedge Fund Activity: Q3 2025 in Review
136 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Fidelity Quality Factor ETF (FQAL) for Q3 2025, worth a combined $865M — up 4.9% from $825M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new FQAL positions and 8 closed out — a net gain of 15 holders — while 52 added to existing stakes and 40 trimmed.
The largest buyer was Envestnet Asset Management, adding an estimated $3.97M. The largest seller was Fidelity Investments, cutting an estimated $28.9M.
- 136 institutional investors held Fidelity Quality Factor ETF (FQAL) as of Q3 2025, up from 125 in Q2 2025.
- Funds reported $865M of Fidelity Quality Factor ETF stock for Q3 2025, up 4.9% quarter-over-quarter.
- 23 funds opened new Fidelity Quality Factor ETF positions in Q3 2025 and 8 closed out, a net change of +15 holders.
- The largest Fidelity Quality Factor ETF buyer in Q3 2025 was Envestnet Asset Management, an estimated $3.97M added.
- The largest Fidelity Quality Factor ETF seller in Q3 2025 was Fidelity Investments, an estimated $28.9M sold.
Based on aggregated 13F filings for Q3 2025.