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Fidelity MSCI Real Estate Index ETF
FREL

202 hedge funds and large institutions have $774M invested in Fidelity MSCI Real Estate Index ETF in 2026 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 93 increasing their positions, 51 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

82% more repeat investments, than reductions

Existing positions increased: 93 | Existing positions reduced: 51

50% more capital invested

Capital invested by funds: $515M → $774M (+$259M)

9.84% more ownership

Funds ownership: 47.72% → 57.56% (+9.8%)

5% less funds holding

Funds holding: 213 → 202 (-11)

17% less funds holding in top 10

Funds holding in top 10: 6 → 5 (-1)

26% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 23

Holders
202
Holders Change
-11
Holders Change %
-5.16%
% of All Funds
2.49%
Holding in Top 10
5
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-16.67%
% of All Funds
0.06%
New
17
Increased
93
Reduced
51
Closed
23
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Bank of America
Bank of America
North Carolina
+$285M
2
Two Sigma Investments
Two Sigma Investments
New York
+$7.24M
3
PPW
Pasadena Private Wealth
California
+$6.14M
4
LPL Financial
LPL Financial
California
+$4.76M
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$3.89M

Top Sellers

1
AWM
AE Wealth Management
Kansas
-$38.1M
2
Lido Advisors
Lido Advisors
California
-$4.98M
3
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$4.46M
4
DAS
Diversify Advisory Services
Utah
-$2.04M
5
Kovitz Investment Group Partners
Kovitz Investment Group Partners
Illinois
-$1.49M
Name Holding Trade Value Shares
Change 		Change in
Stake
NL
51
NWAM LLC
Washington
$2.06M +$180K +6,476 +9%
S
52
Sachetta
Massachusetts
$2M +$104K +3,752 +5%
Stifel Financial
53
Stifel Financial
Missouri
$1.97M +$272K +9,752 +15%
BI
54
Beckerman Institutional
New Jersey
$1.89M +$135K +4,837 +7%
FTS
55
Fifth Third Securities
Ohio
$1.75M +$56.7K +2,036 +3%
PHAM
56
Palisades Hudson Asset Management
Florida
$1.69M +$14.7K +527 +0.8%
AMG
57
Asset Management Group
Connecticut
$1.69M +$9.33K +335 +0.5%
BFA
58
Beaumont Financial Advisors
Massachusetts
$1.64M +$213K +7,657 +14%
TIM
59
Tortoise Investment Management
New York
$1.57M +$199K +7,150 +14%
FFA
60
Farther Finance Advisors
California
$1.56M +$202K +7,261 +14%
BWM
61
Birchcreek Wealth Management
Ohio
$1.54M +$28.8K +1,033 +2%
MGWM
62
Marks Group Wealth Management
Minnesota
$1.5M – – –
Susquehanna International Group
63
Susquehanna International Group
Pennsylvania
$1.49M +$915K +32,876 +147%
SAI
64
Savvy Advisors Inc
New York
$1.48M +$1.53M +54,837 New
SIA
65
Soltis Investment Advisors
Utah
$1.47M +$11.9K +426 +0.8%
EBA
66
Eagle Bay Advisors
New York
$1.47M -$16.8K -604 -1%
SWGC
67
Summit Wealth Group (Colorado)
Colorado
$1.46M +$216K +7,765 +17%
HAG
68
HF Advisory Group
Maryland
$1.45M +$140K +5,025 +10%
Ameriprise
69
Ameriprise
Minnesota
$1.3M -$558K -20,058 -29%
AI
70
Atria Investments
North Carolina
$1.29M -$18.5K -665 -1%
KAS
71
Kestra Advisory Services
Texas
$1.28M +$74.9K +2,692 +6%
2WWM
72
21 West Wealth Management
California
$1.2M +$34.4K +1,237 +3%
LPP
73
Life Planning Partners
Florida
$1.1M -$20.8K -746 -2%
SMC
74
Smith, Moore & Co
Missouri
$1.08M – – –
PAG
75
Private Advisor Group
New Jersey
$970K -$5.65K -203 -0.6%
1 2
3
4 5

FREL Hedge Fund Activity: Q1 2026 in Review

202 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in Fidelity MSCI Real Estate Index ETF (FREL) for Q1 2026, worth a combined $774M — up 50% from $515M a quarter earlier.

Sellers outnumbered buyers: 23 funds closed out of FREL and 17 opened new positions — a net loss of 6 holders — while 51 trimmed existing stakes and 93 added.

The largest buyer was Bank of America, adding an estimated $285M. The largest seller was AE Wealth Management, cutting an estimated $38.1M.

  • 202 institutional investors held Fidelity MSCI Real Estate Index ETF (FREL) as of Q1 2026, down from 213 in Q4 2025.
  • Funds reported $774M of Fidelity MSCI Real Estate Index ETF stock for Q1 2026, up 50% quarter-over-quarter.
  • 17 funds opened new Fidelity MSCI Real Estate Index ETF positions in Q1 2026 and 23 closed out, a net change of -6 holders.
  • The largest Fidelity MSCI Real Estate Index ETF buyer in Q1 2026 was Bank of America, an estimated $285M added.
  • The largest Fidelity MSCI Real Estate Index ETF seller in Q1 2026 was AE Wealth Management, an estimated $38.1M sold.

Based on aggregated 13F filings for Q1 2026.