Fidelity Small-Mid Multifactor ETF
FSMD
187 hedge funds and large institutions have $2.28B invested in Fidelity Small-Mid Multifactor ETF in 2026 Q2 according to their latest regulatory filings, with 31 funds opening new positions, 88 increasing their positions, 49 reducing their positions, and 11 closing their positions.
182% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 11
80% more repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 49
20% more capital invested
Capital invested by funds: $1.9B → $2.28B (+$376M)
9% more funds holding
Funds holding: 171 → 187 (+16)
0% more funds holding in top 10
Funds holding in top 10: 8 → 8 (0)
1.55% less ownership
Funds ownership: 89.66% → 88.11% (-1.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RPGK
Retirement Planning Group (Kansas)
Leawood,
Kansas
|
+$19.8M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$12.9M |
| 3 |
KIM
Kestra Investment Management
Austin,
Texas
|
+$10.4M |
| 4 |
AP
Appleton Partners
Boston,
Massachusetts
|
+$8.21M |
| 5 |
LPL Financial
San Diego,
California
|
+$7.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$37.3M |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
-$8.86M |
| 3 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
-$5.53M |
| 4 |
Two Sigma Investments
New York
|
-$4.35M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$3.97M |
FSMD Hedge Fund Activity: Q2 2026 in Review
187 of the 8,279 institutional investors tracked by Wall St. Rank reported a position in Fidelity Small-Mid Multifactor ETF (FSMD) for Q2 2026, worth a combined $2.28B — up 20% from $1.9B a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new FSMD positions and 11 closed out — a net gain of 20 holders — while 88 added to existing stakes and 49 trimmed.
The largest buyer was Retirement Planning Group (Kansas), adding an estimated $19.8M. The largest seller was Fidelity Investments, cutting an estimated $37.3M.
- 187 institutional investors held Fidelity Small-Mid Multifactor ETF (FSMD) as of Q2 2026, up from 171 in Q1 2026.
- Funds reported $2.28B of Fidelity Small-Mid Multifactor ETF stock for Q2 2026, up 20% quarter-over-quarter.
- 31 funds opened new Fidelity Small-Mid Multifactor ETF positions in Q2 2026 and 11 closed out, a net change of +20 holders.
- The largest Fidelity Small-Mid Multifactor ETF buyer in Q2 2026 was Retirement Planning Group (Kansas), an estimated $19.8M added.
- The largest Fidelity Small-Mid Multifactor ETF seller in Q2 2026 was Fidelity Investments, an estimated $37.3M sold.
Based on aggregated 13F filings for Q2 2026.