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Fidelity MSCI Real Estate Index ETF
FREL

194 hedge funds and large institutions have $481M invested in Fidelity MSCI Real Estate Index ETF in 2023 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 72 increasing their positions, 66 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

10% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 20

9% more repeat investments, than reductions

Existing positions increased: 72 | Existing positions reduced: 66

1% less funds holding

Funds holding: 196 → 194 (-2)

11.16% less ownership

Funds ownership: 53.9% → 42.74% (-11%)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

38% less capital invested

Capital invested by funds: $778M → $481M (-$297M)

Holders
194
Holders Change
-2
Holders Change %
-1.02%
% of All Funds
3.09%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.05%
New
22
Increased
72
Reduced
66
Closed
20
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$3.65M
2
CI
CX Institutional
Indiana
+$2.63M
3
TRCT
Tower Research Capital (TRC)
New York
+$2.18M
4
DAS
Dynamic Advisor Solutions
Arizona
+$1.86M
5
Goldman Sachs
Goldman Sachs
New York
+$1.57M

Top Sellers

1
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$290M
2
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$5.21M
3
AI
Atria Investments
North Carolina
-$4.03M
4
BFS
Bard Financial Services
Connecticut
-$1.48M
5
JWCA
J.W. Cole Advisors
Florida
-$1.36M
Name Holding Trade Value Shares
Change 		Change in
Stake
SPC
26
Sigma Planning Corp
Michigan
$3.53M -$168K -6,519 -4%
ISWM
27
Independent Solutions Wealth Management
New York
$3.43M +$94K +3,643 +3%
LSIA
28
LaSalle St. Investment Advisors
Illinois
$3.27M -$1.27M -49,365 -27%
AT
29
American Trust
Kentucky
$3.26M -$1.15M -44,732 -25%
Cambridge Investment Research Advisors
30
Cambridge Investment Research Advisors
Iowa
$3.1M +$363K +14,067 +13%
SC
31
Schoolcraft Capital
Colorado
$3.08M +$387K +15,007 +14%
TRCT
32
Tower Research Capital (TRC)
New York
$2.98M +$2.18M +84,531 +242%
BCM
33
Brookstone Capital Management
Illinois
$2.87M +$986K +38,202 +49%
SWM
34
SigFig Wealth Management
California
$2.81M +$39K +1,511 +1%
EP
35
Essential Planning
New Hampshire
$2.73M +$407K +15,780 +17%
DAS
36
Dynamic Advisor Solutions
Arizona
$2.54M +$1.86M +71,939 +238%
CI
37
CX Institutional
Indiana
$2.52M +$2.63M +101,817 New
GGS
38
Galvin Gaustad & Stein
Arizona
$2.43M +$135K +5,220 +6%
Goldman Sachs
39
Goldman Sachs
New York
$2.36M +$1.57M +60,806 +180%
Stifel Financial
40
Stifel Financial
Missouri
$2.35M -$45.3K -1,756 -2%
CWM
41
Curi Wealth Management
North Carolina
$2.34M +$46.8K +1,811 +2%
UBS Group
42
UBS Group
Switzerland
$2.26M +$242K +9,355 +12%
RJFSA
43
Raymond James Financial Services Advisors
Florida
$2.16M -$120K -4,667 -5%
Jane Street
44
Jane Street
New York
$2.15M +$1.38M +53,358 +162%
RJA
45
Raymond James & Associates
Florida
$2.12M +$348K +13,477 +19%
RA
46
RFG Advisory
Alabama
$2.11M +$52.1K +2,017 +2%
EBA
47
Eagle Bay Advisors
New York
$2.01M -$32.7K -1,266 -2%
Citadel Advisors
48
Citadel Advisors
Florida
$1.98M -$718K -27,828 -26%
AMG
49
Asset Management Group
Connecticut
$1.97M +$11K +428 +0.5%
MA
50
Mutual Advisors
Nebraska
$1.78M -$498K -19,273 -21%
1
2
3 4 5

FREL Hedge Fund Activity: Q1 2023 in Review

194 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Fidelity MSCI Real Estate Index ETF (FREL) for Q1 2023, worth a combined $481M — down 38% from $778M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new FREL positions and 20 closed out — a net gain of 2 holders — while 72 added to existing stakes and 66 trimmed.

The largest buyer was Royal Bank of Canada, adding an estimated $3.65M. The largest seller was PNC Financial Services Group, cutting an estimated $290M.

  • 194 institutional investors held Fidelity MSCI Real Estate Index ETF (FREL) as of Q1 2023, down from 196 in Q4 2022.
  • Funds reported $481M of Fidelity MSCI Real Estate Index ETF stock for Q1 2023, down 38% quarter-over-quarter.
  • 22 funds opened new Fidelity MSCI Real Estate Index ETF positions in Q1 2023 and 20 closed out, a net change of +2 holders.
  • The largest Fidelity MSCI Real Estate Index ETF buyer in Q1 2023 was Royal Bank of Canada, an estimated $3.65M added.
  • The largest Fidelity MSCI Real Estate Index ETF seller in Q1 2023 was PNC Financial Services Group, an estimated $290M sold.

Based on aggregated 13F filings for Q1 2023.