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Fidelity MSCI Real Estate Index ETF
FREL

201 hedge funds and large institutions have $468M invested in Fidelity MSCI Real Estate Index ETF in 2025 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 90 increasing their positions, 58 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

55% more repeat investments, than reductions

Existing positions increased: 90 | Existing positions reduced: 58

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

4% less funds holding

Funds holding: 210 → 201 (-9)

17.18% less ownership

Funds ownership: 63.27% → 46.09% (-17%)

28% less capital invested

Capital invested by funds: $647M → $468M (-$179M)

28% less first-time investments, than exits

New positions opened: 18 | Existing positions closed: 25

Holders
201
Holders Change
-9
Holders Change %
-4.29%
% of All Funds
2.7%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.07%
New
18
Increased
90
Reduced
58
Closed
25
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$13.6M
2
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
+$4.88M
3
AM
AGF Management
Ontario, Canada
+$4.32M
4
AWM
AE Wealth Management
Kansas
+$3.71M
5
HCA
Heck Capital Advisors
Wisconsin
+$3.29M

Top Sellers

1
EP
Essential Planning
New Hampshire
-$215M
2
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$2.71M
3
Kovitz Investment Group Partners
Kovitz Investment Group Partners
Illinois
-$1.78M
4
Lido Advisors
Lido Advisors
California
-$1.5M
5
Citadel Advisors
Citadel Advisors
Florida
-$971K
Name Holding Trade Value Shares
Change 		Change in
Stake
PA
101
PFG Advisors
Arizona
$425K +$43.5K +1,581 +11%
FWM
102
Fingerlakes Wealth Management
New York
$418K +$7.53K +274 +2%
MWM
103
Mission Wealth Management
California
$416K -$18.1K -659 -4%
BCM
104
Brookstone Capital Management
Illinois
$395K -$117K -4,253 -23%
VWM
105
Venturi Wealth Management
Texas
$375K -$5.31K -193 -1%
BTI
106
Blue Trust Inc
Georgia
$358K -$21.4K -780 -6%
PWM
107
Penobscot Wealth Management
Maine
$353K +$76.1K +2,767 +27%
BWM
108
BCS Wealth Management
Tennessee
$346K -$94.3K -3,428 -21%
Citadel Advisors
109
Citadel Advisors
Florida
$341K -$971K -35,308 -74%
TAP
110
Tounjian Advisory Partners
Florida
$339K +$340K +12,352 New
LA
111
Lynch & Associates
Indiana
$334K +$23K +835 +7%
AAS
112
Ameritas Advisory Services
Nebraska
$326K +$1.54K +56 +0.5%
IFA
113
Independence Financial Advisors
New Hampshire
$311K +$312K +11,332 New
MWM
114
Modera Wealth Management
New Jersey
$310K -$7.31K -266 -2%
KBFS
115
Kohmann Bosshard Financial Services
Ohio
$306K – – –
Focus Partners Wealth
116
Focus Partners Wealth
Massachusetts
$303K +$303K +11,016 New
SPC
117
Sigma Planning Corp
Michigan
$301K -$3.3K -120 -1%
DI
118
Disciplined Investments
Oklahoma
$286K – – –
CT
119
Colonial Trust
South Carolina
$281K – – –
LFG
120
Larson Financial Group
Missouri
$281K +$133K +4,825 +89%
AF
121
Apexium Financial
Texas
$272K -$1.43K -52 -0.5%
NFP
122
NorthLanding Financial Partners
New York
$268K +$2.81K +102 +1%
KPWM
123
KDK Private Wealth Management
Texas
$268K -$5.75K -209 -2%
RSWM
124
Robertson Stephens Wealth Management
California
$259K -$12.6K -459 -5%
PFA
125
Pathway Financial Advisers
Indiana
$251K -$28.5K -1,038 -10%
3 4
5
6 7

FREL Hedge Fund Activity: Q1 2025 in Review

201 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Fidelity MSCI Real Estate Index ETF (FREL) for Q1 2025, worth a combined $468M — down 28% from $647M a quarter earlier.

Sellers outnumbered buyers: 25 funds closed out of FREL and 18 opened new positions — a net loss of 7 holders — while 58 trimmed existing stakes and 90 added.

The largest buyer was Envestnet Asset Management, adding an estimated $13.6M. The largest seller was Essential Planning, cutting an estimated $215M.

  • 201 institutional investors held Fidelity MSCI Real Estate Index ETF (FREL) as of Q1 2025, down from 210 in Q4 2024.
  • Funds reported $468M of Fidelity MSCI Real Estate Index ETF stock for Q1 2025, down 28% quarter-over-quarter.
  • 18 funds opened new Fidelity MSCI Real Estate Index ETF positions in Q1 2025 and 25 closed out, a net change of -7 holders.
  • The largest Fidelity MSCI Real Estate Index ETF buyer in Q1 2025 was Envestnet Asset Management, an estimated $13.6M added.
  • The largest Fidelity MSCI Real Estate Index ETF seller in Q1 2025 was Essential Planning, an estimated $215M sold.

Based on aggregated 13F filings for Q1 2025.