We are live on ! Find out more
FSMD icon

Fidelity Small-Mid Multifactor ETF
FSMD

107 hedge funds and large institutions have $874M invested in Fidelity Small-Mid Multifactor ETF in 2025 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 51 increasing their positions, 13 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

317% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 6

292% more repeat investments, than reductions

Existing positions increased: 51 | Existing positions reduced: 13

114% more capital invested

Capital invested by funds: $409M → $874M (+$465M)

20% more funds holding

Funds holding: 89 → 107 (+18)

19.85% more ownership

Funds ownership: 64.02% → 83.87% (+20%)

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

Holders
107
Holders Change
+18
Holders Change %
+20.22%
% of All Funds
1.43%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.07%
New
25
Increased
51
Reduced
13
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
+$372M
2
RPGK
Retirement Planning Group (Kansas)
Kansas
+$36.8M
3
AWMS
Advocacy Wealth Management Services
Georgia
+$29.5M
4
Bank of America
Bank of America
North Carolina
+$18.5M
5
LPL Financial
LPL Financial
California
+$10.9M

Top Sellers

Rank Fund Capital Flow
1
PPW
Parcion Private Wealth
Washington
-$5.81M
2
SIM
Stratos Investment Management
Ohio
-$3.81M
3
SMF
Sterling Manor Financial
New York
-$3.51M
4
Stifel Financial
Stifel Financial
Missouri
-$1.53M
5
IAA
Independent Advisor Alliance
North Carolina
-$1.44M
Name Holding Trade Value Shares
Change 		Change in
Stake
VHAM
26
Van Hulzen Asset Management
California
$2.8M +$2.93M +71,412 New
ASN
27
Advisory Services Network
Georgia
$2.56M +$2.68M +65,250 New
KPWS
28
Kestra Private Wealth Services
Texas
$2.11M +$1.01M +24,683 +85%
AWM
29
AE Wealth Management
Kansas
$2.06M +$210K +5,108 +11%
TFM
30
Trademark Financial Management
Minnesota
$1.95M -$160K -3,894 -7%
PSCM
31
Per Stirling Capital Management
Texas
$1.88M +$1.97M +48,056 New
LWP
32
Laurel Wealth Planning
Minnesota
$1.75M +$1.83M +44,586 New
AAS
33
Avantax Advisory Services
Texas
$1.68M -$448K -10,912 -20%
Goldman Sachs
34
Goldman Sachs
New York
$1.64M +$881K +21,452 +105%
FFA
35
Farther Finance Advisors
California
$1.34M +$388K +9,437 +38%
IFG
36
Independent Financial Group
California
$1.34M -$463K -11,282 -25%
HH
37
Hilltop Holdings
Texas
$1.26M +$1.32M +32,052 New
RWM
38
Riverbend Wealth Management
South Carolina
$1.04M +$65K +1,582 +6%
EH
39
Equitable Holdings
New York
$965K +$254K +6,178 +33%
BIS
40
BG Investment Services
Guam
$947K +$322K +7,840 +48%
RF
41
Roxbury Financial
New Jersey
$882K +$61.7K +1,503 +7%
FIA
42
Foundations Investment Advisors
Arizona
$760K +$591K +14,380 +286%
CPCP
43
Cedar Point Capital Partners
Iowa
$750K +$34.1K +830 +5%
FTS
44
Fifth Third Securities
Ohio
$748K -$372K -9,054 -32%
PAG
45
Private Advisor Group
New Jersey
$731K +$520K +12,653 +210%
Royal Bank of Canada
46
Royal Bank of Canada
Ontario, Canada
$730K +$181K +4,399 +31%
Envestnet Portfolio Solutions
47
Envestnet Portfolio Solutions
Illinois
$708K +$106K +2,585 +17%
GVAG
48
Great Valley Advisor Group
Delaware
$694K +$45.5K +1,108 +7%
JWCA
49
J.W. Cole Advisors
Florida
$666K +$371K +9,035 +113%
RCAG
50
Rehmann Capital Advisory Group
Michigan
$664K – – –
1
2
3 4 5

FSMD Hedge Fund Activity: Q1 2025 in Review

107 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Fidelity Small-Mid Multifactor ETF (FSMD) for Q1 2025, worth a combined $874M — up 114% from $409M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new FSMD positions and 6 closed out — a net gain of 19 holders — while 51 added to existing stakes and 13 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $372M. The largest seller was Parcion Private Wealth, cutting an estimated $5.81M.

  • 107 institutional investors held Fidelity Small-Mid Multifactor ETF (FSMD) as of Q1 2025, up from 89 in Q4 2024.
  • Funds reported $874M of Fidelity Small-Mid Multifactor ETF stock for Q1 2025, up 114% quarter-over-quarter.
  • 25 funds opened new Fidelity Small-Mid Multifactor ETF positions in Q1 2025 and 6 closed out, a net change of +19 holders.
  • The largest Fidelity Small-Mid Multifactor ETF buyer in Q1 2025 was Fidelity Investments, an estimated $372M added.
  • The largest Fidelity Small-Mid Multifactor ETF seller in Q1 2025 was Parcion Private Wealth, an estimated $5.81M sold.

Based on aggregated 13F filings for Q1 2025.