Fidelity Small-Mid Multifactor ETF
FSMD
171 hedge funds and large institutions have $1.9B invested in Fidelity Small-Mid Multifactor ETF in 2026 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 86 increasing their positions, 37 reducing their positions, and 15 closing their positions.
132% more repeat investments, than reductions
Existing positions increased: 86 | Existing positions reduced: 37
100% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 15
13% more capital invested
Capital invested by funds: $1.69B → $1.9B (+$214M)
6% more funds holding
Funds holding: 161 → 171 (+10)
0.96% more ownership
Funds ownership: 88.7% → 89.66% (+0.96%)
0% more funds holding in top 10
Funds holding in top 10: 8 → 8 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RPGK
Retirement Planning Group (Kansas)
Leawood,
Kansas
|
+$52.5M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$31.3M |
| 3 |
SA
Sanctuary Advisors
Indianapolis,
Indiana
|
+$18.8M |
| 4 |
AI
Atria Investments
Charlotte,
North Carolina
|
+$17.1M |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$11.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NG
Novem Group
Rochester,
New York
|
-$6.64M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
-$3.93M |
| 3 |
Jane Street
New York
|
-$3.39M |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$3.09M |
| 5 |
SAM
Smartleaf Asset Management
Boston,
Massachusetts
|
-$2.66M |
FSMD Hedge Fund Activity: Q1 2026 in Review
171 of the 8,172 institutional investors tracked by Wall St. Rank reported a position in Fidelity Small-Mid Multifactor ETF (FSMD) for Q1 2026, worth a combined $1.9B — up 13% from $1.69B a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new FSMD positions and 15 closed out — a net gain of 15 holders — while 86 added to existing stakes and 37 trimmed.
The largest buyer was Retirement Planning Group (Kansas), adding an estimated $52.5M. The largest seller was Novem Group, cutting an estimated $6.64M.
- 171 institutional investors held Fidelity Small-Mid Multifactor ETF (FSMD) as of Q1 2026, up from 161 in Q4 2025.
- Funds reported $1.9B of Fidelity Small-Mid Multifactor ETF stock for Q1 2026, up 13% quarter-over-quarter.
- 30 funds opened new Fidelity Small-Mid Multifactor ETF positions in Q1 2026 and 15 closed out, a net change of +15 holders.
- The largest Fidelity Small-Mid Multifactor ETF buyer in Q1 2026 was Retirement Planning Group (Kansas), an estimated $52.5M added.
- The largest Fidelity Small-Mid Multifactor ETF seller in Q1 2026 was Novem Group, an estimated $6.64M sold.
Based on aggregated 13F filings for Q1 2026.