Fidelity MSCI Real Estate Index ETF
FREL
211 hedge funds and large institutions have $497M invested in Fidelity MSCI Real Estate Index ETF in 2025 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 98 increasing their positions, 55 reducing their positions, and 15 closing their positions.
78% more repeat investments, than reductions
Existing positions increased: 98 | Existing positions reduced: 55
53% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 15
12% more capital invested
Capital invested by funds: $442M → $497M (+$55M)
4.85% more ownership
Funds ownership: 41.85% → 46.7% (+4.9%)
0% more funds holding
Funds holding: 210 → 211 (+1)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$12M |
| 2 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$10.1M |
| 3 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$9.49M |
| 4 |
AWM
AE Wealth Management
Topeka,
Kansas
|
+$5.41M |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
+$4.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$2.61M |
| 2 |
SC
Soundwatch Capital
Rowayton,
Connecticut
|
-$2.24M |
| 3 |
SWGC
Summit Wealth Group (Colorado)
Colorado Springs,
Colorado
|
-$1.23M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$895K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
-$806K |
FREL Hedge Fund Activity: Q3 2025 in Review
211 of the 7,640 institutional investors tracked by Wall St. Rank reported a position in Fidelity MSCI Real Estate Index ETF (FREL) for Q3 2025, worth a combined $497M — up 12% from $442M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new FREL positions and 15 closed out — a net gain of 8 holders — while 98 added to existing stakes and 55 trimmed.
The largest buyer was Envestnet Asset Management, adding an estimated $12M. The largest seller was PNC Financial Services Group, cutting an estimated $2.61M.
- 211 institutional investors held Fidelity MSCI Real Estate Index ETF (FREL) as of Q3 2025, up from 210 in Q2 2025.
- Funds reported $497M of Fidelity MSCI Real Estate Index ETF stock for Q3 2025, up 12% quarter-over-quarter.
- 23 funds opened new Fidelity MSCI Real Estate Index ETF positions in Q3 2025 and 15 closed out, a net change of +8 holders.
- The largest Fidelity MSCI Real Estate Index ETF buyer in Q3 2025 was Envestnet Asset Management, an estimated $12M added.
- The largest Fidelity MSCI Real Estate Index ETF seller in Q3 2025 was PNC Financial Services Group, an estimated $2.61M sold.
Based on aggregated 13F filings for Q3 2025.