Fidelity MSCI Real Estate Index ETF
FREL
195 hedge funds and large institutions have $497M invested in Fidelity MSCI Real Estate Index ETF in 2023 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 72 increasing their positions, 66 reducing their positions, and 20 closing their positions.
15% more first-time investments, than exits
New positions opened: 23 | 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 → 195 (-1)
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)
36% less capital invested
Capital invested by funds: $778M → $497M (-$281M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$3.65M |
| 2 |
CI
CX Institutional
Auburn,
Indiana
|
+$2.63M |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
+$2.18M |
| 4 |
DAS
Dynamic Advisor Solutions
Phoenix,
Arizona
|
+$1.86M |
| 5 |
Goldman Sachs
New York
|
+$1.57M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$290M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$5.21M |
| 3 |
AI
Atria Investments
Charlotte,
North Carolina
|
-$4.03M |
| 4 |
BFS
Bard Financial Services
Branford,
Connecticut
|
-$1.48M |
| 5 |
JWCA
J.W. Cole Advisors
Tampa,
Florida
|
-$1.36M |
FREL Hedge Fund Activity: Q1 2023 in Review
195 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Fidelity MSCI Real Estate Index ETF (FREL) for Q1 2023, worth a combined $497M — down 36% from $778M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new FREL positions and 20 closed out — a net gain of 3 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.
- 195 institutional investors held Fidelity MSCI Real Estate Index ETF (FREL) as of Q1 2023, down from 196 in Q4 2022.
- Funds reported $497M of Fidelity MSCI Real Estate Index ETF stock for Q1 2023, down 36% quarter-over-quarter.
- 23 funds opened new Fidelity MSCI Real Estate Index ETF positions in Q1 2023 and 20 closed out, a net change of +3 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.