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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

Rank Fund Capital Flow
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

Rank Fund Capital Flow
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
KHC
176
Koesten Hirschmann & Crabtree
Kansas
$7.99K – – –
AA
177
Addison Advisors
Vermont
$7.72K – – –
RI
178
Ridgewood Investments
New Jersey
$7.33K – – –
VFM
179
Vision Financial Markets
Connecticut
$5.75K +$55 +2 +1%
RA
180
Rise Advisors
New York
$5.38K +$55 +2 +1%
IRC
181
Investors Research Corp
Georgia
$4.83K – – –
SC
182
Swan Capital
Florida
$4.56K +$4.57K +166 New
PC
183
Promus Capital
Illinois
$4.12K – – –
QC
184
Quent Capital
New York
$4.06K +$27 +1 +0.7%
PGAM
185
Princeton Global Asset Management
New Jersey
$4.01K – – –
SWM
186
Spire Wealth Management
Virginia
$3.94K +$27 +1 +0.7%
GWS
187
Glassman Wealth Services
Virginia
$3.1K +$27 +1 +0.9%
CAWM
188
Capital A Wealth Management
Pennsylvania
$2.83K +$2.28K +83 +415%
DWM
189
Darwin Wealth Management
Florida
$2.72K – – –
MSWA
190
Marshall & Sterling Wealth Advisors
New York
$2.71K +$27 +1 +1%
HI
191
Harbour Investments
Wisconsin
$2.54K -$2.09K -76 -45%
CAL
192
Capital Analysts LLC
Pennsylvania
$2K +$1.54K +56 New
KFI
193
Key Financial Inc
Pennsylvania
$1.48K – – –
SIS
194
Sound Income Strategies
Florida
$1.45K +$27 +1 +2%
SWA
195
SOA Wealth Advisors
New York
$1.15K +$27 +1 +2%
RBC
196
Roble Belko & Company
Pennsylvania
$1K – – –
TFA
197
Transamerica Financial Advisors
Florida
$1K – – –
AIA
198
Armor Investment Advisors
North Carolina
$522 – – –
PWA
199
Provenance Wealth Advisors
Florida
$412 – – –
NA
200
NewEdge Advisors
Louisiana
$192 -$230K -8,360 -100%
6 7
8
9 10

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.