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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
IIC
76
Integrated Investment Consultants
Michigan
$976K -$14.1K -545 -1%
TSS
77
Two Sigma Securities
New York
$943K +$977K +37,846 New
SMC
78
Smith, Moore & Co
Missouri
$922K – – –
FNC
79
First National Corp
Massachusetts
$914K +$87.8K +3,402 +10%
CWM
80
Congress Wealth Management
Massachusetts
$881K -$14.9K -579 -2%
Bank of Montreal
81
Bank of Montreal
Ontario, Canada
$879K +$739K +28,616 New
NFP
82
NorthLanding Financial Partners
New York
$798K +$20.1K +777 +2%
CWM
83
Cedar Wealth Management
California
$773K +$71.2K +2,758 +10%
Susquehanna International Group
84
Susquehanna International Group
Pennsylvania
$767K -$512K -19,836 -39%
DFG
85
Demars Financial Group
Washington
$735K -$15.7K -609 -2%
HAS
86
HBW Advisory Services
California
$679K +$34K +1,318 +5%
KAS
87
Kestra Advisory Services
Texas
$667K +$189K +7,316 +38%
TCM
88
Tufton Capital Management
Maryland
$619K -$2.84K -110 -0.4%
CW
89
Connectus Wealth
Ohio
$615K +$637K +24,661 New
HAG
90
HF Advisory Group
Maryland
$597K +$59.8K +2,315 +11%
Wells Fargo
91
Wells Fargo
California
$579K -$673K -26,084 -53%
CAL
92
Capital Analysts LLC
Pennsylvania
$572K +$164K +6,353 +38%
AWS
93
Atria Wealth Solutions
New York
$535K +$36.8K +1,426 +7%
CTA
94
Colonial Trust Advisors
South Carolina
$523K +$1.99K +77 +0.4%
PFA
95
Pathway Financial Advisers
Indiana
$517K +$2.19K +85 +0.4%
AAS
96
Ameritas Advisory Services
Nebraska
$467K -$46.6K -1,807 -9%
BWM
97
BCS Wealth Management
Tennessee
$459K +$78.1K +3,024 +20%
GCP
98
GSA Capital Partners
United Kingdom
$457K +$473K +18,340 New
RCAG
99
Rehmann Capital Advisory Group
Michigan
$445K +$12.7K +492 +3%
HCA
100
Harbour Capital Advisors
Virginia
$421K +$438K +16,973 New
2 3
4
5 6

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.