Fidelity MSCI Real Estate Index ETF
FREL
210 hedge funds and large institutions have $442M invested in Fidelity MSCI Real Estate Index ETF in 2025 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 75 increasing their positions, 76 reducing their positions, and 13 closing their positions.
77% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 13
4% more funds holding
Funds holding: 202 → 210 (+8)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
1% less repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 76
3% less capital invested
Capital invested by funds: $458M → $442M (-$15.9M)
3.41% less ownership
Funds ownership: 45.37% → 41.95% (-3.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SPIA
Steward Partners Investment Advisory
New York
|
+$2.81M |
| 2 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
+$2.73M |
| 3 |
Lido Advisors
Los Angeles,
California
|
+$1.82M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.35M |
| 5 |
MCM
MAI Capital Management
Independence,
Ohio
|
+$1.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$9.49M |
| 2 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$4M |
| 3 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
-$3.57M |
| 4 |
QC
Quadrature Capital
London,
United Kingdom
|
-$2.7M |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$2.47M |
FREL Hedge Fund Activity: Q2 2025 in Review
210 of the 7,613 institutional investors tracked by Wall St. Rank reported a position in Fidelity MSCI Real Estate Index ETF (FREL) for Q2 2025, worth a combined $442M — down 3.5% from $458M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new FREL positions and 13 closed out — a net gain of 10 holders — while 75 added to existing stakes and 76 trimmed.
The largest buyer was Steward Partners Investment Advisory, adding an estimated $2.81M. The largest seller was Envestnet Asset Management, cutting an estimated $9.49M.
- 210 institutional investors held Fidelity MSCI Real Estate Index ETF (FREL) as of Q2 2025, up from 202 in Q1 2025.
- Funds reported $442M of Fidelity MSCI Real Estate Index ETF stock for Q2 2025, down 3.5% quarter-over-quarter.
- 23 funds opened new Fidelity MSCI Real Estate Index ETF positions in Q2 2025 and 13 closed out, a net change of +10 holders.
- The largest Fidelity MSCI Real Estate Index ETF buyer in Q2 2025 was Steward Partners Investment Advisory, an estimated $2.81M added.
- The largest Fidelity MSCI Real Estate Index ETF seller in Q2 2025 was Envestnet Asset Management, an estimated $9.49M sold.
Based on aggregated 13F filings for Q2 2025.