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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
FFO
151
Fortitude Family Office
Arizona
$58.3K +$550 +20 +1%
National Bank of Canada
152
National Bank of Canada
Quebec, Canada
$49.3K – – –
BFPW
153
BOK Financial Private Wealth
Colorado
$45.7K – – –
AF
154
Advisornet Financial
Minnesota
$39.4K +$385 +14 +1%
OSAM
155
O'Shaughnessy Asset Management
Connecticut
$37.6K -$10.6K -387 -22%
Jones Financial Companies
156
Jones Financial Companies
Missouri
$34.9K +$15.9K +577 +82%
Comerica Bank
157
Comerica Bank
Texas
$31.3K -$1.16K -42 -4%
AF
158
Allworth Financial
California
$28.7K -$2.78K -101 -9%
SSB
159
Sandy Spring Bank
Maryland
$27.5K – – –
CFD
160
Creative Financial Designs
Indiana
$27.3K – – –
CWP
161
Concord Wealth Partners
Virginia
$23.2K +$220 +8 +1%
SMA
162
Sage Mountain Advisors
Georgia
$22.9K – – –
SPIA
163
Steward Partners Investment Advisory
New York
$21.7K – – –
Franklin Resources
164
Franklin Resources
California
$21.5K – – –
DRP
165
Decker Retirement Planning
Utah
$17.5K – – –
JFGIW
166
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$16.5K -$27.5K -1,000 -63%
Fifth Third Bancorp
167
Fifth Third Bancorp
Ohio
$16.4K – – –
CA
168
Crewe Advisors
Utah
$15.8K – – –
VCM
169
Versant Capital Management
Arizona
$13.7K +$13.7K +500 New
CI
170
CX Institutional
Indiana
$12K +$12.1K +440 New
CMP
171
Coston McIsaac & Partners
Maine
$11K +$11.2K +409 New
GEA
172
Glen Eagle Advisors
New Jersey
$9.52K – – –
CB
173
CNB Bank
Pennsylvania
$9.06K – – –
HNB
174
Huntington National Bank
Ohio
$8.65K – – –
CA
175
Clearstead Advisors
Ohio
$8.3K – – –
5 6
7
8 9

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.