Fidelity Value Factor ETF
FVAL
132 hedge funds and large institutions have $625M invested in Fidelity Value Factor ETF in 2025 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 57 increasing their positions, 43 reducing their positions, and 8 closing their positions.
75% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 8
44% more capital inflows, than outflows
Capital inflows: $91.3M | Capital outflows: $63.4M
33% more repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 43
1.79% more ownership
Funds ownership: 57.55% → 59.34% (+1.8%)
2% more funds holding
Funds holding: 130 → 132 (+2)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Merit Financial Group
Alpharetta,
Georgia
|
+$26.6M |
| 2 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$25.9M |
| 3 |
MAI Capital Management
Independence,
Ohio
|
+$9.9M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$5.19M |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$3.72M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$38.1M |
| 2 |
CFO
Custos Family Office
Austin,
Texas
|
-$11.2M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$4.22M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.93M |
| 5 |
VFPW
Vantage Financial Partners (Wisconsin)
Elm Grove,
Wisconsin
|
-$1.57M |
FVAL Hedge Fund Activity: Q3 2025 in Review
132 of the 7,649 institutional investors tracked by Wall St. Rank reported a position in Fidelity Value Factor ETF (FVAL) for Q3 2025, worth a combined $625M — up 13% from $555M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new FVAL positions and 8 closed out — a net gain of 6 holders — while 57 added to existing stakes and 43 trimmed.
The largest buyer was Merit Financial Group, opening a new position worth an estimated $26.6M. The largest seller was Commonwealth Equity Services, cutting an estimated $38.1M.
- 132 institutional investors held Fidelity Value Factor ETF (FVAL) as of Q3 2025, up from 130 in Q2 2025.
- Funds reported $625M of Fidelity Value Factor ETF stock for Q3 2025, up 13% quarter-over-quarter.
- 14 funds opened new Fidelity Value Factor ETF positions in Q3 2025 and 8 closed out, a net change of +6 holders.
- The largest Fidelity Value Factor ETF buyer in Q3 2025 was Merit Financial Group, an estimated $26.6M added.
- The largest Fidelity Value Factor ETF seller in Q3 2025 was Commonwealth Equity Services, an estimated $38.1M sold.
Based on aggregated 13F filings for Q3 2025.