Fidelity Small-Mid Multifactor ETF
FSMD
136 hedge funds and large institutions have $1.33B invested in Fidelity Small-Mid Multifactor ETF in 2025 Q2 according to their latest regulatory filings, with 41 funds opening new positions, 59 increasing their positions, 29 reducing their positions, and 12 closing their positions.
242% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 12
103% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 29
52% more capital invested
Capital invested by funds: $874M → $1.33B (+$452M)
25% more funds holding
Funds holding: 109 → 136 (+27)
0.92% more ownership
Funds ownership: 83.9% → 84.81% (+0.92%)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$296M |
| 2 |
SA
Sanctuary Advisors
Indianapolis,
Indiana
|
+$15.4M |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$14.9M |
| 4 |
AI
Atria Investments
Charlotte,
North Carolina
|
+$14.8M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$10.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPW
Parcion Private Wealth
Bellevue,
Washington
|
-$13.7M |
| 2 |
FF
Fortitude Financial
Spokane,
Washington
|
-$6.09M |
| 3 |
SIM
Stratos Investment Management
Beachwood,
Ohio
|
-$4.79M |
| 4 |
Jane Street
New York
|
-$3.69M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.22M |
FSMD Hedge Fund Activity: Q2 2025 in Review
136 of the 7,613 institutional investors tracked by Wall St. Rank reported a position in Fidelity Small-Mid Multifactor ETF (FSMD) for Q2 2025, worth a combined $1.33B — up 52% from $874M a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new FSMD positions and 12 closed out — a net gain of 29 holders — while 59 added to existing stakes and 29 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $296M. The largest seller was Parcion Private Wealth, exiting entirely with an estimated $13.7M sold.
- 136 institutional investors held Fidelity Small-Mid Multifactor ETF (FSMD) as of Q2 2025, up from 109 in Q1 2025.
- Funds reported $1.33B of Fidelity Small-Mid Multifactor ETF stock for Q2 2025, up 52% quarter-over-quarter.
- 41 funds opened new Fidelity Small-Mid Multifactor ETF positions in Q2 2025 and 12 closed out, a net change of +29 holders.
- The largest Fidelity Small-Mid Multifactor ETF buyer in Q2 2025 was Fidelity Investments, an estimated $296M added.
- The largest Fidelity Small-Mid Multifactor ETF seller in Q2 2025 was Parcion Private Wealth, an estimated $13.7M sold.
Based on aggregated 13F filings for Q2 2025.