Fidelity MSCI Real Estate Index ETF
FREL
204 hedge funds and large institutions have $459M invested in Fidelity MSCI Real Estate Index ETF in 2025 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 93 increasing their positions, 58 reducing their positions, and 25 closing their positions.
60% more repeat investments, than reductions
Existing positions increased: 93 | 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: 213 → 204 (-9)
17.44% less ownership
Funds ownership: 62.87% → 45.43% (-17%)
28% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 25
78% less capital inflows, than outflows
Capital inflows: $51.9M | Capital outflows: $231M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$13.6M |
| 2 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$4.88M |
| 3 |
AGF Management
Toronto,
Ontario, Canada
|
+$4.32M |
| 4 |
AE Wealth Management
Topeka,
Kansas
|
+$3.71M |
| 5 |
Avantax Advisory Services
Dallas,
Texas
|
+$1.44M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Essential Planning
Portsmouth,
New Hampshire
|
-$215M |
| 2 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$2.71M |
| 3 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
-$1.78M |
| 4 |
Lido Advisors
Los Angeles,
California
|
-$1.5M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$971K |
FREL Hedge Fund Activity: Q1 2025 in Review
204 of the 7,485 institutional investors tracked by Wall St. Rank reported a position in Fidelity MSCI Real Estate Index ETF (FREL) for Q1 2025, worth a combined $459M — down 28% from $640M 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 93 added.
The largest buyer was Envestnet Asset Management, adding an estimated $13.6M. The largest seller was Essential Planning, cutting an estimated $215M.
- 204 institutional investors held Fidelity MSCI Real Estate Index ETF (FREL) as of Q1 2025, down from 213 in Q4 2024.
- Funds reported $459M 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.