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
MC
51
Montag & Caldwell
Georgia
$659K +$691K +16,818 New
CPIG
52
Chicago Partners Investment Group
Illinois
$645K +$676K +16,450 New
Rockefeller Capital Management
53
Rockefeller Capital Management
New York
$631K +$662K +16,115 New
CIA
54
Concurrent Investment Advisors
Florida
$590K +$175K +4,260 +39%
AWS
55
Atria Wealth Solutions
New York
$516K +$128K +3,106 +31%
KCIC
56
Kuhn & Co Investment Counsel
Illinois
$501K +$171K +4,175 +48%
TFS
57
Thoroughbred Financial Services
Tennessee
$464K – – –
MFG
58
Merit Financial Group
Georgia
$459K +$1.56K +38 +0.3%
SWP
59
Stratos Wealth Partners
Ohio
$437K +$49.5K +1,205 +12%
DAS
60
Diversify Advisory Services
Utah
$429K +$458K +11,152 New
FA
61
Faithward Advisors
Pennsylvania
$420K +$77K +1,874 +21%
RA
62
RFG Advisory
Alabama
$414K +$434K +10,570 New
SM
63
Sweeney & Michel
California
$374K +$444K +10,800 New
JP Morgan Chase
64
JP Morgan Chase
New York
$371K +$42.3K +1,031 +12%
DPI
65
Diversified Portfolios Inc
Michigan
$354K -$94.7K -2,306 -20%
SOS
66
Silver Oak Securities
Tennessee
$330K +$48.4K +1,179 +16%
Mariner
67
Mariner
Kansas
$329K +$62.1K +1,511 +22%
UCFA
68
United Capital Financial Advisors
Texas
$319K +$334K +8,144 New
Wealth Enhancement Advisory Services
69
Wealth Enhancement Advisory Services
Minnesota
$303K +$317K +7,726 New
PAS
70
PKS Advisory Services
New York
$289K -$468K -11,401 -61%
P
71
&Partners
Tennessee
$277K +$11.7K +286 +4%
CL
72
CLG LLC
California
$270K +$284K +6,906 New
CA
73
CoreCap Advisors
Michigan
$260K +$273K +6,650 New
CFB
74
Cullen/Frost Bankers
Texas
$244K +$175K +4,269 +217%
HP
75
Holistic Planning
Texas
$234K – – –
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.