Fidelity Low Volatility Factor

FDLO • ARCA

Fidelity Low Volatility Factor is an exchange-traded fund on ARCA. As of Q3 2025, 144 institutional investors hold shares in this ETF, with total holdings valued at $950.5M. FMR LLC is the largest holder with a position valued at $611.7M.

Overview

Overview of institutional ownership in FDLO as of Q3 2025

All Institutions

Institutions: 144
Value Held: $950.5M
Shares Held: 14.4M
Avg Position: $6.6M
Median Position: $391.9K

Hedge Funds

Hedge Funds: 2
Value Held: $5.4M
Shares Held: 82.1K
Avg Position: $2.7M
Median Position: $2.7M

Biggest Investors

Institutions with the largest positions in FDLO as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
FMR LLC Institution	-	$611.7M 0.03% of portfolio	9.3M shares	Q4 2022 Held for 2y 11m	$1.92T
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	Christopher Russell Todd CEO	$32.9M 0.01% of portfolio	499.4K shares	Q4 2022 Held for 2y 11m	$341.99B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$31.7M 0.00% of portfolio	481.2K shares	Q4 2022 Held for 2y 11m	$1.33T
L LPL Financial LLC Institution	-	$24.1M 0.01% of portfolio	365.7K shares	Q4 2022 Held for 2y 11m	$340.07B
Kestra Advisory Services, LLC RIA/Wealth	John Vincent Amore President	$21.7M 0.10% of portfolio	328.7K shares	Q4 2022 Held for 2y 11m	$21.7B
C Campbell Deegan Wealth Management, LLC Institution	-	$21.0M 18.79% of portfolio	319.4K shares	Q4 2024 Held for 11 months	$112.0M
C CI Private Wealth, LLC RIA/Wealth	Kurt Macalpine CEO	$14.8M 0.02% of portfolio	224.4K shares	Q4 2022 Held for 2y 11m	$63.4B
SEGALL BRYANT & HAMILL Long Only Manager	Carolyn B Goldhaber President	$14.1M 0.19% of portfolio	214.5K shares	Q3 2024 Held for 1y 2m	$7.5B
Cetera Investment Advisers RIA/Wealth	Joseph Daniel Neary CEO	$13.3M 0.02% of portfolio	202.0K shares	Q4 2022 Held for 2y 11m	$85.4B
Goss Wealth Management LLC RIA/Wealth	Alexander Thomas Goss CEO	$11.5M 0.05% of portfolio	175.2K shares	Q4 2022 Held for 2y 11m	$21.8B

Net Capital Flow

Institutional buying and selling activity for FDLO in Q3 2025

Traded: +$111.3M
Buyers: 74
Sellers: 49
Total Bought: +$129.5M
Total Sold: −$18.2M
Avg Position: $6.1M

Biggest Buyers

Institution	Net Bought	Current Position
FMR LLC Institution	+$89.1M +1.4M shares	$611.7M 9.3M shares
L LPL Financial LLC Institution	+$12.4M +188.2K shares	$24.1M 365.7K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$5.1M +77.9K shares	$5.1M 77.9K shares
A Abundance Wealth Counselors RIA/Wealth	+$4.5M +-11.5K shares	$4.5M 67.6K shares
Howard Capital Management Inc. Long Only Manager	+$2.9M +44.0K shares	$8.2M 124.9K shares
BANK OF AMERICA CORP /DE/ Institution	+$2.5M +37.7K shares	$31.7M 481.2K shares
Cetera Investment Advisers RIA/Wealth	+$2.0M +29.8K shares	$13.3M 202.0K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	+$1.5M +22.7K shares	$8.4M 127.3K shares
Smart Money Group LLC RIA/Wealth	+$1.0M +15.5K shares	$1.0M 15.5K shares
AE Wealth Management LLC RIA/Wealth	+$979.8K +14.9K shares	$5.6M 85.5K shares

Biggest Sellers

Institution	Net Sold	Current Position
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	−$3.7M −55.7K shares	$32.9M 499.4K shares
JPMORGAN CHASE & CO Institution	−$3.0M −45.0K shares	$2.1M 31.1K shares
GOLDMAN SACHS GROUP INC Institution	−$1.6M −24.3K shares	$3.3M 49.6K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$1.4M −21.8K shares	Sold Off 0 shares
Ameritas Advisory Services, LLC RIA/Wealth	−$1.2M −17.9K shares	$7.4M 112.6K shares
Kestra Advisory Services, LLC RIA/Wealth	−$1.2M −17.6K shares	$21.7M 328.7K shares
J JANE STREET GROUP, LLC Institution	−$944.1K −15.0K shares	Sold Off 0 shares
SEGALL BRYANT & HAMILL Long Only Manager	−$862.9K −13.1K shares	$14.1M 214.5K shares
C CI Private Wealth, LLC RIA/Wealth	−$779.4K −11.8K shares	$14.8M 224.4K shares
MORGAN STANLEY RIA/Wealth	−$715.1K −10.9K shares	$4.4M 66.3K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited FDLO in Q3 2025

New Positions: 15
New Value: $7.3M
Exited Positions: 13
Exited Value: $3.0M

New Positions

Institution	Position Value
A Abundance Wealth Counselors RIA/Wealth	$4.5M 67.6K shares
Smart Money Group LLC RIA/Wealth	$1.0M 15.5K shares
Bank of New York Mellon Corp Institution	$507.4K 7.7K shares
WESTBOURNE INVESTMENTS, INC. RIA/Wealth	$479.8K 7.3K shares
MML INVESTORS SERVICES, LLC RIA/Wealth	$309.7K 4.7K shares
G GTS SECURITIES LLC Institution	$271.8K 4.1K shares
Sovran Advisors, LLC RIA/Wealth	$205.6K 3.1K shares
Parallel Advisors, LLC RIA/Wealth	$45.3K 688.0 shares
R Root Financial Partners, LLC RIA/Wealth	$13.3K 202.0 shares
THURSTON, SPRINGER, MILLER, HERD & TITAK, INC. Private Equity	$7.1K 108.0 shares

Exited Positions

Institution	Previous Position
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.4M 21.8K shares
J JANE STREET GROUP, LLC Institution	$944.1K 15.0K shares
ABSOLUTE CAPITAL MANAGEMENT, LLC RIA/Wealth	$218.1K 3.5K shares
C CLS Investments, LLC Institution	$211.0K 3.4K shares
SRS Capital Advisors, Inc. RIA/Wealth	$114.1K 1.8K shares
CITIGROUP INC Institution	$48.5K 772.0 shares
TWIN PEAKS WEALTH ADVISORS, LLC RIA/Wealth	$24.7K 387.0 shares
Transce3nd, LLC RIA/Wealth	$8.4K 133.0 shares
J JONES FINANCIAL COMPANIES LLLP Institution	$4.7K 75.0 shares
B Beacon Capital Management, LLC RIA/Wealth	$4.4K 70.0 shares

Options Activity

Institutions with the largest Call and Put options positions in FDLO as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with FDLO as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
C Campbell Deegan Wealth Management, LLC Institution	-	18.79% $21.0M	319.4K shares	Q4 2024 Held for 11 months	$112.0M
Running Point Capital Advisors, LLC RIA/Wealth	James Frederick Schlager CEO	3.09% $11.5M	174.1K shares	Q4 2022 Held for 2y 11m	$370.7M
GFG Capital, LLC RIA/Wealth	Mauricio Gruener Managing Partner	2.69% $7.8M	118.4K shares	Q3 2023 Held for 2y 2m	$289.5M
Hershey Financial Advisers, LLC RIA/Wealth	Matthew Dawson Berry Partner	1.04% $1.2M	18.4K shares	Q3 2025 Held for 2 months	$116.7M
S Sequent Asset Management, LLC Institution	-	0.91% $1.2M	18.5K shares	Q2 2024 Held for 1y 5m	$134.4M
A Abundance Wealth Counselors RIA/Wealth	Ryan Ohlson CCO	0.82% $4.5M	67.6K shares	Q3 2025 Held for 2 months	$545.9M
Smart Money Group LLC RIA/Wealth	James Roy Kennedy Managing Partner	0.77% $1.0M	15.5K shares	Q3 2025 Held for 2 months	$133.1M
W Weaver Consulting Group RIA/Wealth	Jason Michael Weaver Managing Partner	0.74% $2.9M	43.3K shares	Q4 2022 Held for 2y 11m	$382.8M
M Mechanics Bank Trust Department Institution	-	0.73% $5.2M	78.5K shares	Q4 2022 Held for 2y 11m	$712.1M
Ameritas Advisory Services, LLC RIA/Wealth	Richard Aaron Berthold President	0.49% $7.4M	112.6K shares	Q4 2022 Held for 2y 11m	$1.5B

Hedge Fund Spotlight

Discover hedge funds investing in FDLO

TWO SIGMA INVESTMENTS LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerScott David Hoffman

Portfolio Value: $62.0B
Positions: 3,252
Last Reported: Q3 2025

Sector Allocation

Position in Fidelity Low Volatility Factor

Market Value: $5.1M
Shares Held: 77.9K
Portfolio Weight: 0.01%
Owned Since: 2024-Q3

Top Holding	Sector	Market Value	Weight
1 SPDR S&P 500 ETF Trust SPY	ETF ETF	$680.4M	1.10%
2 Financial Select Sector SPDR Fund XLF	ETF ETF	$582.6M	0.94%
3 Consumer Staples Select Sector SPDR Fund XLP	ETF ETF	$489.6M	0.79%