Fidelity Small-Mid Multifactor ETF
FSMD
109 hedge funds and large institutions have $874M invested in Fidelity Small-Mid Multifactor ETF in 2025 Q1 according to their latest regulatory filings, with 26 funds opening new positions, 51 increasing their positions, 14 reducing their positions, and 6 closing their positions.
333% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 6
264% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 14
114% more capital invested
Capital invested by funds: $409M → $874M (+$465M)
21% more funds holding
Funds holding: 90 → 109 (+19)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
24.37% less ownership
Funds ownership: 83.41% → 59.04% (-24%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$372M |
| 2 |
RPGK
Retirement Planning Group (Kansas)
Leawood,
Kansas
|
+$36.8M |
| 3 |
AWMS
Advocacy Wealth Management Services
Atlanta,
Georgia
|
+$29.5M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$18.5M |
| 5 |
LPL Financial
San Diego,
California
|
+$10.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPW
Parcion Private Wealth
Bellevue,
Washington
|
-$5.81M |
| 2 |
SIM
Stratos Investment Management
Beachwood,
Ohio
|
-$3.81M |
| 3 |
SMF
Sterling Manor Financial
Saratoga Springs,
New York
|
-$3.51M |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$1.53M |
| 5 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
-$1.44M |
FSMD Hedge Fund Activity: Q1 2025 in Review
109 of the 7,472 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: 26 funds opened new FSMD positions and 6 closed out — a net gain of 20 holders — while 51 added to existing stakes and 14 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $372M. The largest seller was Parcion Private Wealth, cutting an estimated $5.81M.
- 109 institutional investors held Fidelity Small-Mid Multifactor ETF (FSMD) as of Q1 2025, up from 90 in Q4 2024.
- Funds reported $874M of Fidelity Small-Mid Multifactor ETF stock for Q1 2025, up 114% quarter-over-quarter.
- 26 funds opened new Fidelity Small-Mid Multifactor ETF positions in Q1 2025 and 6 closed out, a net change of +20 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.