Fidelity MSCI Real Estate Index ETF
FREL
178 hedge funds and large institutions have $335M invested in Fidelity MSCI Real Estate Index ETF in 2023 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 83 increasing their positions, 54 reducing their positions, and 30 closing their positions.
54% more repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 54
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
1.06% less ownership
Funds ownership: 37.97% → 36.91% (-1.1%)
10% less funds holding
Funds holding: 198 → 178 (-20)
13% less capital invested
Capital invested by funds: $386M → $335M (-$50.9M)
60% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 30
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$3.84M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$2M |
| 3 |
MGWM
Marks Group Wealth Management
Minnetonka,
Minnesota
|
+$2M |
| 4 |
DI
DFPG Investments
Sandy,
Utah
|
+$1.69M |
| 5 |
Lido Advisors
Los Angeles,
California
|
+$1.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$17.5M |
| 2 |
LSIA
LaSalle St. Investment Advisors
Elmhurst,
Illinois
|
-$3.51M |
| 3 |
Jane Street
New York
|
-$3.23M |
| 4 |
Goldman Sachs
New York
|
-$1.27M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.05M |
FREL Hedge Fund Activity: Q3 2023 in Review
178 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Fidelity MSCI Real Estate Index ETF (FREL) for Q3 2023, worth a combined $335M — down 13% from $386M a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of FREL and 12 opened new positions — a net loss of 18 holders — while 54 trimmed existing stakes and 83 added.
The largest buyer was Northwestern Mutual Wealth Management, adding an estimated $3.84M. The largest seller was PNC Financial Services Group, cutting an estimated $17.5M.
- 178 institutional investors held Fidelity MSCI Real Estate Index ETF (FREL) as of Q3 2023, down from 198 in Q2 2023.
- Funds reported $335M of Fidelity MSCI Real Estate Index ETF stock for Q3 2023, down 13% quarter-over-quarter.
- 12 funds opened new Fidelity MSCI Real Estate Index ETF positions in Q3 2023 and 30 closed out, a net change of -18 holders.
- The largest Fidelity MSCI Real Estate Index ETF buyer in Q3 2023 was Northwestern Mutual Wealth Management, an estimated $3.84M added.
- The largest Fidelity MSCI Real Estate Index ETF seller in Q3 2023 was PNC Financial Services Group, an estimated $17.5M sold.
Based on aggregated 13F filings for Q3 2023.