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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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
171
Holders Change
+10
Holders Change %
+6.21%
% of All Funds
2.09%
Holding in Top 10
8
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.1%
New
30
Increased
86
Reduced
37
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RPGK
Retirement Planning Group (Kansas)
Kansas
+$52.5M
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$31.3M
3
SA
Sanctuary Advisors
Indiana
+$18.8M
4
AI
Atria Investments
North Carolina
+$17.1M
5
Stifel Financial
Stifel Financial
Missouri
+$11.6M

Top Sellers

Rank Fund Capital Flow
1
NG
Novem Group
New York
-$6.64M
2
Osaic Holdings
Osaic Holdings
Arizona
-$3.93M
3
Jane Street
Jane Street
New York
-$3.39M
4
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$3.09M
5
SAM
Smartleaf Asset Management
Massachusetts
-$2.66M
Name Holding Trade Value Shares
Change 		Change in
Stake
CAM
126
Cozad Asset Management
Illinois
$212K -$9.4K -205 -4%
IAG
127
Investmark Advisory Group
Connecticut
$209K +$2.38K +52 +1%
Calamos Advisors
128
Calamos Advisors
Illinois
$204K +$209K +4,562 New
CWM
129
Calamos Wealth Management
Illinois
$204K +$209K +4,562 New
SG
130
StoneX Group
New York
$201K +$206K +4,502 New
Morgan Stanley
131
Morgan Stanley
New York
$191K +$143K +3,125 +273%
PF
132
PlanVest Financial
Maryland
$174K +$178K +3,880 New
UBS Group
133
UBS Group
Switzerland
$137K – – –
SIS
134
Sound Income Strategies
Florida
$123K – – –
HPWM
135
High Point Wealth Management
New Jersey
$121K +$459 +10 +0.4%
Fifth Third Bancorp
136
Fifth Third Bancorp
Ohio
$120K +$101K +2,213 +465%
FC
137
Financial Consulate
Maryland
$107K – – –
PRAG
138
Portfolio Resources Advisor Group
Florida
$97K +$48.8K +1,064 +96%
SAM
139
Smartleaf Asset Management
Massachusetts
$81.4K -$2.66M -58,099 -97%
CA
140
Clearstead Advisors
Ohio
$78.8K +$80.8K +1,762 New
AF
141
Allworth Financial
California
$69.4K +$33.2K +724 +88%
SS
142
Sunbelt Securities
Texas
$55.5K -$642 -14 -1%
William Blair & Company
143
William Blair & Company
Illinois
$45.2K +$28.4K +620 +159%
NWMP
144
Noble Wealth Management PBC
Colorado
$44.7K – – –
CFD
145
Creative Financial Designs
Indiana
$43.8K +$183 +4 +0.4%
GAA
146
Global Assets Advisory
Florida
$42.4K +$35.6K +777 New
AAP
147
Arax Advisory Partners
Colorado
$41.9K – – –
RFP
148
Root Financial Partners
California
$34.6K +$7.34K +160 +26%
TFA
149
Toth Financial Advisory
Virginia
$28.8K – – –
US Bancorp
150
US Bancorp
Minnesota
$26.1K +$26.8K +584 New
4 5
6
7 8

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.