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Fidelity Value Factor ETF
FVAL

78 hedge funds and large institutions have $231M invested in Fidelity Value Factor ETF in 2023 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 28 increasing their positions, 32 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

1.28% less ownership

Funds ownership: 56.48% → 55.2% (-1.3%)

11% less capital invested

Capital invested by funds: $260M → $231M (-$28.8M)

13% less repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 32

13% less funds holding

Funds holding: 90 → 78 (-12)

47% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 17

Holders
78
Holders Change
-12
Holders Change %
-13.33%
% of All Funds
1.24%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
9
Increased
28
Reduced
32
Closed
17
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$13.7M
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$5M
3
HPA
High Probability Advisors
New York
+$2.29M
4
OPS
Orion Portfolio Solutions
Nebraska
+$2.25M
5
BFA
BMS Financial Advisors
South Dakota
+$1.73M

Top Sellers

1
CG
CFO4Life Group
Texas
-$8.67M
2
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$5.14M
3
LJAC
L.J. Altfest & Co
New York
-$4.34M
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$3.9M
5
VC
Vicus Capital
Pennsylvania
-$3.53M
Name Holding Trade Value Shares
Change 		Change in
Stake
Envestnet Asset Management
1
Envestnet Asset Management
Illinois
$39.3M +$13.7M +300,301 +54%
Osaic Holdings
2
Osaic Holdings
Arizona
$33.4M +$365K +8,027 +1%
GIA
3
Goodwin Investment Advisory
Georgia
$25.3M +$784K +17,230 +3%
HPA
4
High Probability Advisors
New York
$21.3M +$2.29M +50,361 +12%
Fidelity Investments
5
Fidelity Investments
Massachusetts
$10.8M +$5M +109,869 +87%
Royal Bank of Canada
6
Royal Bank of Canada
Ontario, Canada
$9.54M -$3.9M -85,623 -29%
HF
7
Halpern Financial
Virginia
$9.02M -$160K -3,520 -2%
KAS
8
Kestra Advisory Services
Texas
$5.97M -$2.41M -52,861 -29%
Creative Planning
9
Creative Planning
Kansas
$5.26M -$109K -2,393 -2%
Bank of America
10
Bank of America
North Carolina
$5.04M +$373K +8,188 +8%
Thrivent Financial for Lutherans
11
Thrivent Financial for Lutherans
Minnesota
$4.54M +$1.17M +25,708 +34%
Morgan Stanley
12
Morgan Stanley
New York
$4.27M -$769K -16,902 -15%
CCM
13
Condor Capital Management
New Jersey
$3.73M +$140K +3,081 +4%
KPWS
14
Kestra Private Wealth Services
Texas
$3.36M -$376K -8,249 -10%
DAS
15
Dynamic Advisor Solutions
Arizona
$3.07M +$1.57M +34,404 +105%
Cambridge Investment Research Advisors
16
Cambridge Investment Research Advisors
Iowa
$2.97M -$51.2K -1,125 -2%
BCI
17
Brinker Capital Investments
Pennsylvania
$2.93M +$708K +15,559 +32%
OPS
18
Orion Portfolio Solutions
Nebraska
$2.93M +$2.25M +49,327 +337%
LPL Financial
19
LPL Financial
California
$2.63M -$280K -6,159 -10%
Cetera Investment Advisers
20
Cetera Investment Advisers
Illinois
$2.47M -$684K -15,032 -22%
AWM
21
AE Wealth Management
Kansas
$2.45M +$1.31M +28,803 +116%
LJAC
22
L.J. Altfest & Co
New York
$2.42M -$4.34M -95,320 -64%
AP
23
Americana Partners
Texas
$2.31M – – –
BIP
24
Bouvel Investment Partners
Pennsylvania
$2.1M +$43.1K +946 +2%
PFGIA
25
Patriot Financial Group Insurance Agency
Massachusetts
$1.93M +$266K +5,845 +16%
1
2 3 4

FVAL Hedge Fund Activity: Q1 2023 in Review

78 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Fidelity Value Factor ETF (FVAL) for Q1 2023, worth a combined $231M — down 11% from $260M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of FVAL and 9 opened new positions — a net loss of 8 holders — while 32 trimmed existing stakes and 28 added.

The largest buyer was Envestnet Asset Management, adding an estimated $13.7M. The largest seller was CFO4Life Group, exiting entirely with an estimated $8.67M sold.

  • 78 institutional investors held Fidelity Value Factor ETF (FVAL) as of Q1 2023, down from 90 in Q4 2022.
  • Funds reported $231M of Fidelity Value Factor ETF stock for Q1 2023, down 11% quarter-over-quarter.
  • 9 funds opened new Fidelity Value Factor ETF positions in Q1 2023 and 17 closed out, a net change of -8 holders.
  • The largest Fidelity Value Factor ETF buyer in Q1 2023 was Envestnet Asset Management, an estimated $13.7M added.
  • The largest Fidelity Value Factor ETF seller in Q1 2023 was CFO4Life Group, an estimated $8.67M sold.

Based on aggregated 13F filings for Q1 2023.