Fidelity Quality Factor ETF
FQAL
138 hedge funds and large institutions have $889M invested in Fidelity Quality Factor ETF in 2025 Q3 according to their latest regulatory filings, with 24 funds opening new positions, 53 increasing their positions, 40 reducing their positions, and 8 closing their positions.
200% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 8
33% more repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 40
10% more funds holding
Funds holding: 126 → 138 (+12)
7% more capital invested
Capital invested by funds: $835M → $889M (+$54.8M)
0.59% less ownership
Funds ownership: 79.95% → 79.37% (-0.59%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RWM
Raffa Wealth Management
Washington,
District of Columbia
|
+$13.5M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$3.97M |
| 3 |
Raymond James Financial
St Petersburg,
Florida
|
+$3.95M |
| 4 |
KWS
Keystone Wealth Services
Palm Desert,
California
|
+$3.25M |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$2.31M |
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
138 of the 7,640 institutional investors tracked by Wall St. Rank reported a position in Fidelity Quality Factor ETF (FQAL) for Q3 2025, worth a combined $889M — up 6.6% from $835M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new FQAL positions and 8 closed out — a net gain of 16 holders — while 53 added to existing stakes and 40 trimmed.
The largest buyer was Raffa Wealth Management, adding an estimated $13.5M. The largest seller was Fidelity Investments, cutting an estimated $28.9M.
- 138 institutional investors held Fidelity Quality Factor ETF (FQAL) as of Q3 2025, up from 126 in Q2 2025.
- Funds reported $889M of Fidelity Quality Factor ETF stock for Q3 2025, up 6.6% quarter-over-quarter.
- 24 funds opened new Fidelity Quality Factor ETF positions in Q3 2025 and 8 closed out, a net change of +16 holders.
- The largest Fidelity Quality Factor ETF buyer in Q3 2025 was Raffa Wealth Management, an estimated $13.5M 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.