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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
GJIA
151
Glass Jacobson Investment Advisors
Maryland
$25.5K +$92 +2 +0.4%
TPWA
152
Twin Peaks Wealth Advisors
California
$24.5K +$25.1K +547 New
Russell Investments Group
153
Russell Investments Group
United Kingdom
$21.5K +$9.72K +212 +79%
Bank of Montreal
154
Bank of Montreal
Ontario, Canada
$21K – – –
HI
155
Harbour Investments
Wisconsin
$18.7K – – –
AssetMark Inc
156
AssetMark Inc
California
$15.2K +$15.2K +331 +3,678%
Vanguard Advisers Inc
157
Vanguard Advisers Inc
Pennsylvania
$9.3K +$9.54K +208 New
HR
158
Howe & Rusling
New York
$6.94K – – –
GFA
159
Godfrey Financial Associates
New York
$6.39K – – –
EWA
160
EverSource Wealth Advisors
Alabama
$4.96K -$31K -676 -86%
OSAM
161
O'Shaughnessy Asset Management
Connecticut
$4.07K – – –
Jones Financial Companies
162
Jones Financial Companies
Missouri
$4.04K +$4.22K +92 New
ATC
163
Adirondack Trust Company
New York
$3.13K +$3.21K +70 New
DWM
164
Darwin Wealth Management
Florida
$2.83K +$2.89K +63 New
AWM
165
Abound Wealth Management
Tennessee
$2.28K – – –
MG
166
Mather Group
Illinois
$2.17K +$2.25K +49 New
NA
167
NewEdge Advisors
Louisiana
$2.06K +$2.11K +46 New
PTC
168
Private Trust Company
Ohio
$1.88K – – –
RIAS
169
Rachor Investment Advisory Services
Michigan
$1.03K +$1.05K +23 New
AUB
170
Atlantic Union Bankshares
Virginia
$537 – – –
BlackRock
171
BlackRock
New York
$72 +$92 +2 New
Wells Fargo
172
Wells Fargo
California
$28 -$128K -2,786 -100%
KPP
173
Kings Path Partners
Texas
$2 -$917 -20 Closed
Jane Street
174
Jane Street
New York
– -$3.39M -76,931 Closed
JWCA
175
J.W. Cole Advisors
Florida
– -$1.87M -42,333 Closed
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.