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Fidelity Value Factor ETF
FVAL

110 hedge funds and large institutions have $509M invested in Fidelity Value Factor ETF in 2024 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 47 increasing their positions, 34 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 10

38% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 34

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

14% more capital invested

Capital invested by funds: $446M → $509M (+$63.4M)

6% more funds holding

Funds holding: 104 → 110 (+6)

4.37% less ownership

Funds ownership: 69.54% → 65.17% (-4.4%)

Holders
110
Holders Change
+6
Holders Change %
+5.77%
% of All Funds
1.58%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.07%
New
16
Increased
47
Reduced
34
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
+$17.6M
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$14.2M
3
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$9.08M
4
FIS
Fischer Investment Strategies
California
+$5.37M
5
GIA
Goodwin Investment Advisory
Georgia
+$2.3M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$13.5M
2
Osaic Holdings
Osaic Holdings
Arizona
-$6.31M
3
FCBT
First Citizens Bank & Trust
North Carolina
-$2.85M
4
Envestnet Portfolio Solutions
Envestnet Portfolio Solutions
Illinois
-$2.7M
5
KAS
Kestra Advisory Services
Texas
-$1.56M
Name Holding Trade Value Shares
Change 		Change in
Stake
Envestnet Asset Management
1
Envestnet Asset Management
Illinois
$54.4M +$14.2M +261,179 +38%
Fidelity Investments
2
Fidelity Investments
Massachusetts
$47.3M -$1.4M -25,779 -3%
JP Morgan Chase
3
JP Morgan Chase
New York
$44.1M +$1.85M +34,021 +5%
GIA
4
Goodwin Investment Advisory
Georgia
$43.7M +$2.3M +42,286 +6%
Commonwealth Equity Services
5
Commonwealth Equity Services
Massachusetts
$37M +$9.08M +166,991 +35%
Thrivent Financial for Lutherans
6
Thrivent Financial for Lutherans
Minnesota
$29.5M +$17.6M +323,074 +166%
HPA
7
High Probability Advisors
New York
$28.4M +$398K +7,315 +1%
PA
8
Prism Advisors
California
$25.6M +$419K +7,712 +2%
Osaic Holdings
9
Osaic Holdings
Arizona
$20.8M -$6.31M -116,050 -24%
Morgan Stanley
10
Morgan Stanley
New York
$13.1M -$13.5M -247,845 -52%
Royal Bank of Canada
11
Royal Bank of Canada
Ontario, Canada
$12.8M +$877K +16,129 +8%
CFO
12
Custos Family Office
Texas
$12.7M +$138K +2,542 +1%
Bank of America
13
Bank of America
North Carolina
$11.6M +$471K +8,672 +4%
DAS
14
Dynamic Advisor Solutions
Arizona
$10.5M +$636K +11,691 +7%
HF
15
Halpern Financial
Virginia
$10M -$247K -4,550 -3%
Creative Planning
16
Creative Planning
Kansas
$6.82M -$133K -2,451 -2%
LPL Financial
17
LPL Financial
California
$6.54M +$431K +7,928 +7%
KAS
18
Kestra Advisory Services
Texas
$6.11M -$1.56M -28,735 -21%
FIS
19
Fischer Investment Strategies
California
$5.64M +$5.37M +98,848 New
Cetera Investment Advisers
20
Cetera Investment Advisers
Illinois
$5.43M +$2.03M +37,404 +65%
CCM
21
Condor Capital Management
New Jersey
$5.19M +$217K +3,985 +5%
FFP
22
Forbes Financial Planning
Rhode Island
$4.62M +$497K +9,150 +13%
Cambridge Investment Research Advisors
23
Cambridge Investment Research Advisors
Iowa
$4.13M -$26.6K -490 -0.7%
AWM
24
AE Wealth Management
Kansas
$3.51M -$158K -2,898 -4%
LJAC
25
L.J. Altfest & Co
New York
$3.26M +$155K +2,858 +5%
1
2 3 4 5

FVAL Hedge Fund Activity: Q1 2024 in Review

110 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Fidelity Value Factor ETF (FVAL) for Q1 2024, worth a combined $509M — up 14% from $446M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new FVAL positions and 10 closed out — a net gain of 6 holders — while 47 added to existing stakes and 34 trimmed.

The largest buyer was Thrivent Financial for Lutherans, adding an estimated $17.6M. The largest seller was Morgan Stanley, cutting an estimated $13.5M.

  • 110 institutional investors held Fidelity Value Factor ETF (FVAL) as of Q1 2024, up from 104 in Q4 2023.
  • Funds reported $509M of Fidelity Value Factor ETF stock for Q1 2024, up 14% quarter-over-quarter.
  • 16 funds opened new Fidelity Value Factor ETF positions in Q1 2024 and 10 closed out, a net change of +6 holders.
  • The largest Fidelity Value Factor ETF buyer in Q1 2024 was Thrivent Financial for Lutherans, an estimated $17.6M added.
  • The largest Fidelity Value Factor ETF seller in Q1 2024 was Morgan Stanley, an estimated $13.5M sold.

Based on aggregated 13F filings for Q1 2024.