Fidelity Small-Mid Multifactor ETF
FSMD
147 hedge funds and large institutions have $1.48B invested in Fidelity Small-Mid Multifactor ETF in 2025 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 79 increasing their positions, 28 reducing their positions, and 11 closing their positions.
182% more repeat investments, than reductions
Existing positions increased: 79 | Existing positions reduced: 28
145% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 11
12% more capital invested
Capital invested by funds: $1.33B → $1.48B (+$155M)
8% more funds holding
Funds holding: 136 → 147 (+11)
1.46% more ownership
Funds ownership: 84.81% → 86.28% (+1.5%)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$15.6M |
| 2 |
GFG
Goldstone Financial Group
Oakbrook Terrace,
Illinois
|
+$13.6M |
| 3 |
RPGK
Retirement Planning Group (Kansas)
Leawood,
Kansas
|
+$10.8M |
| 4 |
LPL Financial
San Diego,
California
|
+$7.21M |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$7.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$22.5M |
| 2 |
AWMS
Advocacy Wealth Management Services
Atlanta,
Georgia
|
-$7.58M |
| 3 |
SL
Systelligence LLC
Bloomington,
Minnesota
|
-$6.57M |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
-$5.79M |
| 5 |
Two Sigma Investments
New York
|
-$2.18M |
FSMD Hedge Fund Activity: Q3 2025 in Review
147 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Fidelity Small-Mid Multifactor ETF (FSMD) for Q3 2025, worth a combined $1.48B — up 12% from $1.33B a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new FSMD positions and 11 closed out — a net gain of 16 holders — while 79 added to existing stakes and 28 trimmed.
The largest buyer was Commonwealth Equity Services, adding an estimated $15.6M. The largest seller was Fidelity Investments, cutting an estimated $22.5M.
- 147 institutional investors held Fidelity Small-Mid Multifactor ETF (FSMD) as of Q3 2025, up from 136 in Q2 2025.
- Funds reported $1.48B of Fidelity Small-Mid Multifactor ETF stock for Q3 2025, up 12% quarter-over-quarter.
- 27 funds opened new Fidelity Small-Mid Multifactor ETF positions in Q3 2025 and 11 closed out, a net change of +16 holders.
- The largest Fidelity Small-Mid Multifactor ETF buyer in Q3 2025 was Commonwealth Equity Services, an estimated $15.6M added.
- The largest Fidelity Small-Mid Multifactor ETF seller in Q3 2025 was Fidelity Investments, an estimated $22.5M sold.
Based on aggregated 13F filings for Q3 2025.