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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
UBS Group
76
UBS Group
Switzerland
$234K +$10.8K +264 +5%
NEPWA
77
New England Private Wealth Advisors
Massachusetts
$219K +$862 +21 +0.4%
HighTower Advisors
78
HighTower Advisors
Illinois
$218K – – –
MML Investors Services
79
MML Investors Services
Massachusetts
$218K +$229K +5,577 New
PWA
80
Prairie Wealth Advisors
Nebraska
$212K +$6.16K +150 +3%
SIS
81
Sound Income Strategies
Florida
$204K – – –
HNB
82
Huntington National Bank
Ohio
$167K – – –
Carson Wealth (CWM LLC)
83
Carson Wealth (CWM LLC)
Nebraska
$138K – – –
NWM
84
Nova Wealth Management
Florida
$121K +$39.8K +970 +46%
PS
85
Principal Securities
Iowa
$74.5K – – –
ZRP
86
Zynergy Retirement Planning
New Jersey
$56.9K – – –
NWMP
87
Noble Wealth Management PBC
Colorado
$50.9K – – –
SS
88
Sunbelt Securities
Texas
$49.1K +$50.9K +1,240 +8,857%
Bank of Montreal
89
Bank of Montreal
Ontario, Canada
$32.1K – – –
WSFS
90
Wilmington Savings Fund Society
Delaware
$27K – – –
IA
91
IFP Advisors
Florida
$20.7K +$19.1K +466 +752%
IHWM
92
Iron Horse Wealth Management
Iowa
$14.5K +$15.2K +370 New
AF
93
Allworth Financial
California
$14.4K +$15.5K +378 New
GJIA
94
Glass Jacobson Investment Advisors
Maryland
$13K – – –
TRCT
95
Tower Research Capital (TRC)
New York
$10.1K +$10.6K +257 New
CFD
96
Creative Financial Designs
Indiana
$9.89K +$41 +1 +0.4%
SFA
97
Semmax Financial Advisors
North Carolina
$4.89K +$5.09K +124 New
Morgan Stanley
98
Morgan Stanley
New York
$3.27K -$41 -1 -1%
AWM
99
Abound Wealth Management
Tennessee
$1.97K +$2.05K +50 New
PNC Financial Services Group
100
PNC Financial Services Group
Pennsylvania
$1.96K – – –
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.