Fidelity MSCI Real Estate Index ETF
FREL
205 hedge funds and large institutions have $775M invested in Fidelity MSCI Real Estate Index ETF in 2026 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 95 increasing their positions, 51 reducing their positions, and 23 closing their positions.
420% more capital inflows, than outflows
Capital inflows: $336M | Capital outflows: $64.7M
86% more repeat investments, than reductions
Existing positions increased: 95 | Existing positions reduced: 51
9.84% more ownership
Funds ownership: 47.86% → 57.7% (+9.8%)
5% less funds holding
Funds holding: 215 → 205 (-10)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
22% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$285M |
| 2 |
Two Sigma Investments
New York
|
+$7.24M |
| 3 |
PPW
Pasadena Private Wealth
Pasadena,
California
|
+$6.14M |
| 4 |
LPL Financial
San Diego,
California
|
+$4.76M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$3.89M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AE Wealth Management
Topeka,
Kansas
|
-$38.1M |
| 2 |
Lido Advisors
Los Angeles,
California
|
-$4.98M |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$4.46M |
| 4 |
Diversify Advisory Services
Sandy,
Utah
|
-$2.04M |
| 5 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
-$1.49M |
FREL Hedge Fund Activity: Q1 2026 in Review
205 of the 8,210 institutional investors tracked by Wall St. Rank reported a position in Fidelity MSCI Real Estate Index ETF (FREL) for Q1 2026, worth a combined $775M — up 50% from $516M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of FREL and 18 opened new positions — a net loss of 5 holders — while 51 trimmed existing stakes and 95 added.
The largest buyer was Bank of America, adding an estimated $285M. The largest seller was AE Wealth Management, cutting an estimated $38.1M.
- 205 institutional investors held Fidelity MSCI Real Estate Index ETF (FREL) as of Q1 2026, down from 215 in Q4 2025.
- Funds reported $775M of Fidelity MSCI Real Estate Index ETF stock for Q1 2026, up 50% quarter-over-quarter.
- 18 funds opened new Fidelity MSCI Real Estate Index ETF positions in Q1 2026 and 23 closed out, a net change of -5 holders.
- The largest Fidelity MSCI Real Estate Index ETF buyer in Q1 2026 was Bank of America, an estimated $285M added.
- The largest Fidelity MSCI Real Estate Index ETF seller in Q1 2026 was AE Wealth Management, an estimated $38.1M sold.
Based on aggregated 13F filings for Q1 2026.