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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
DWM
201
Darwin Wealth Management
Florida
$22 – – –
RCM
202
Raleigh Capital Management
North Carolina
$15 -$28 -1 -50%
DAS
203
Diversify Advisory Services
Utah
– -$2.04M -72,313 Closed
Kovitz Investment Group Partners
204
Kovitz Investment Group Partners
Illinois
– -$1.49M -55,517 Closed
JWCA
205
J.W. Cole Advisors
Florida
– -$1.05M -39,002 Closed
M1FG
206
Mach-1 Financial Group
Arkansas
– -$1.04M -38,585 Closed
Bank of New York Mellon
207
Bank of New York Mellon
New York
– -$514K -19,115 Closed
Goldman Sachs
208
Goldman Sachs
New York
– -$470K -17,493 Closed
SC
209
Sapient Capital
Indiana
– -$407K -15,000 Closed
CWMK
210
Caliber Wealth Management (Kansas)
Kansas
– -$380K -14,138 Closed
SFG
211
Snider Financial Group
Washington
– -$335K -12,449 Closed
BWM
212
BCS Wealth Management
Tennessee
– -$314K -11,664 Closed
CC
213
Commons Capital
Massachusetts
– -$312K -11,619 Closed
AQR Capital Management
214
AQR Capital Management
Connecticut
– -$219K -8,142 Closed
CWA
215
Centennial Wealth Advisory
Michigan
– -$213K -7,916 Closed
SPC
216
Sigma Planning Corp
Michigan
– -$209K -7,785 Closed
EAM
217
Everstar Asset Management
North Carolina
– -$250K -4,234 Closed
FHA
218
Flagship Harbor Advisors
Massachusetts
– -$26K -967 Closed
Deutsche Bank
219
Deutsche Bank
Germany
– -$20.3K -756 Closed
VCM
220
Versant Capital Management
Arizona
– -$13.4K -500 Closed
GWS
221
Glassman Wealth Services
Virginia
– -$3.09K -115 Closed
MSWA
222
Marshall & Sterling Wealth Advisors
New York
– -$2.72K -101 Closed
Simplex Trading
223
Simplex Trading
Illinois
– -$1.24K -46 Closed
ACA
224
Aptus Capital Advisors
Alabama
– -$27 -1 Closed
SA
225
Strategic Advocates
Utah
– -$20 -1 Closed
5 6 7 8
9

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.