Fidelity MSCI Financials Index

FNCL • ARCA

Fidelity MSCI Financials Index is an exchange-traded fund on ARCA. As of Q3 2025, 253 institutional investors hold shares in this ETF, with total holdings valued at $921.1M. Lido Advisors, LLC is the largest holder with a position valued at $206.4M.

Overview

Overview of institutional ownership in FNCL as of Q3 2025

All Institutions

Institutions: 253
Value Held: $921.1M
Shares Held: 12.1M
Avg Position: $3.6M
Median Position: $322.4K

Hedge Funds

Hedge Funds: 6
Value Held: $8.6M
Shares Held: 113.0K
Avg Position: $1.4M
Median Position: $638.7K

Biggest Investors

Institutions with the largest positions in FNCL as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
Lido Advisors, LLC RIA/Wealth	Jason Jay Ozur CEO	$206.4M 0.85% of portfolio	2.7M shares	Q4 2016 Held for 8y 11m	$24.2B
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	Omar Aguilar Chavez CEO	$139.7M 0.02% of portfolio	1.8M shares	Q1 2021 Held for 4y 8m	$620.51B
A AGF MANAGEMENT LTD Institution	-	$65.2M 0.29% of portfolio	853.9K shares	Q4 2022 Held for 2y 11m	$22.4B
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth	Wayne Michael Bloom CEO	$34.2M 0.05% of portfolio	448.6K shares	Q4 2017 Held for 7y 11m	$71.1B
A Advisor Group Holdings, Inc. Institution	-	$32.9M 0.05% of portfolio	430.2K shares	Q1 2020 Held for 5y 8m	$71.0B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$24.6M 0.00% of portfolio	321.6K shares	Q1 2014 Held for 11y 8m	$1.65T
PFG Financial Advisors RIA/Wealth	Eric Kramer Dare CEO	$23.7M 1.81% of portfolio	310.4K shares	Q3 2024 Held for 1y 2m	$1.3B
L LPL Financial LLC Institution	-	$22.3M 0.01% of portfolio	291.8K shares	Q4 2016 Held for 8y 11m	$340.07B
MERCER GLOBAL ADVISORS INC /ADV RIA/Wealth	Charles David Welling CEO	$20.9M 0.03% of portfolio	274.1K shares	Q1 2021 Held for 4y 8m	$59.9B
F Full Sail Capital, LLC Institution	-	$18.0M 0.99% of portfolio	236.2K shares	Q4 2018 Held for 6y 11m	$1.8B

Net Capital Flow

Institutional buying and selling activity for FNCL in Q3 2025

Traded: +$83.7M
Buyers: 120
Sellers: 81
Total Bought: +$120.2M
Total Sold: −$36.5M
Avg Position: $3.4M

Biggest Buyers

Institution	Net Bought	Current Position
A Advisor Group Holdings, Inc. Institution	+$24.0M +314.3K shares	$32.9M 430.2K shares
A AGF MANAGEMENT LTD Institution	+$21.0M +274.7K shares	$65.2M 853.9K shares
MERCER GLOBAL ADVISORS INC /ADV RIA/Wealth	+$20.3M +266.4K shares	$20.9M 274.1K shares
Lido Advisors, LLC RIA/Wealth	+$15.0M +196.0K shares	$206.4M 2.7M shares
N NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Institution	+$8.8M +115.1K shares	$16.0M 209.0K shares
L LPL Financial LLC Institution	+$3.5M +46.4K shares	$22.3M 291.8K shares
Summit Financial, LLC RIA/Wealth	+$2.7M +35.0K shares	$3.7M 47.8K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	+$2.1M +27.7K shares	$2.1M 27.7K shares
Lifeworks Advisors, LLC RIA/Wealth	+$1.4M +18.7K shares	$1.7M 22.6K shares
PFG Advisors RIA/Wealth	+$1.4M +18.6K shares	$1.4M 18.6K shares

Biggest Sellers

Institution	Net Sold	Current Position
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth	−$11.2M −147.3K shares	$34.2M 448.6K shares
Modern Wealth Management, LLC RIA/Wealth	−$2.6M −34.5K shares	$7.9M 103.1K shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	−$2.6M −33.8K shares	$4.6M 60.3K shares
P Patriot Financial Group Insurance Agency, LLC Institution	−$2.5M −33.2K shares	Sold Off 0 shares
V VCI Wealth Management LLC Institution	−$2.4M −33.0K shares	Sold Off 0 shares
GOLDMAN SACHS GROUP INC Institution	−$1.7M −22.7K shares	Sold Off 0 shares
Beaumont Capital Management, LLC Long Only Manager	−$1.4M −18.3K shares	$5.0M 64.9K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	−$1.4M −18.0K shares	$5.9M 76.9K shares
B Blue Capital, Inc. RIA/Wealth	−$1.1M −14.4K shares	Sold Off 0 shares
T TABLEAUX LLC Institution	−$1.0M −17.8K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 14
New Value: $3.7M
Exited Positions: 15
Exited Value: $10.3M

New Positions

Institution	Position Value
BRIGHTON JONES LLC RIA/Wealth	$1.4M 18.0K shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	$676.5K 8.9K shares
LEIGH BALDWIN & CO., LLC RIA/Wealth	$276.7K 8.2K shares
IEQ CAPITAL, LLC RIA/Wealth	$275.1K 3.6K shares
Gladstone Institutional Advisory LLC RIA/Wealth	$235.7K 3.1K shares
Redwood Financial Network Corp RIA/Wealth	$233.5K 3.1K shares
I INSTRUMENTAL WEALTH, LLC RIA/Wealth	$228.5K 3.1K shares
TANDEM CAPITAL MANAGEMENT CORP /ADV RIA/Wealth	$201.2K 2.6K shares
Heartwood Wealth Advisors LLC RIA/Wealth	$80.8K 1.1K shares
Sontag Advisory, LLC RIA/Wealth	$19.9K 260.0 shares

Exited Positions

Institution	Previous Position
P Patriot Financial Group Insurance Agency, LLC Institution	$2.5M 33.2K shares
V VCI Wealth Management LLC Institution	$2.4M 33.0K shares
GOLDMAN SACHS GROUP INC Institution	$1.7M 22.7K shares
B Blue Capital, Inc. RIA/Wealth	$1.1M 14.4K shares
T TABLEAUX LLC Institution	$1.0M 17.8K shares
BB&T CORP Institution	$784.3K 10.6K shares
O OLD MISSION CAPITAL LLC Institution	$347.5K 4.7K shares
Amplius Wealth Advisors, LLC RIA/Wealth	$222.3K 3.0K shares
MPWM ADVISORY SOLUTIONS, LLC RIA/Wealth	$89.7K 1.2K shares
HOWE & RUSLING INC RIA/Wealth	$59.0K 797.0 shares

Options Activity

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

Call Positions: 2
Call Value: $664.2K
Put Positions: 1
Put Value: -

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$664.2K 87.0 contracts
B Belvedere Trading LLC Institution	- - contracts

Put Positions

Institution	Position Value
B Belvedere Trading LLC Institution	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Independence Financial Advisors, LLC RIA/Wealth	Michael Francis Ventura CEO	3.40% $11.2M	146.3K shares	Q1 2025 Held for 8 months	$328.3M
Beaumont Capital Management, LLC Long Only Manager	Michael B Nierenberg CEO	3.29% $5.0M	64.9K shares	Q2 2025 Held for 5 months	$150.6M
Fischer Financial Services, Inc. RIA/Wealth	Frederick Dale Fischer President	3.01% $11.2M	146.2K shares	Q4 2024 Held for 11 months	$371.4M
Yoder Wealth Management, Inc. RIA/Wealth	Anat Nurit Levy Yoder CEO	2.47% $5.2M	68.5K shares	Q1 2023 Held for 2y 8m	$211.3M
K KDK Private Wealth Management, LLC RIA/Wealth	Deon Maryann Blaney Managing Partner	1.97% $1.9M	25.4K shares	Q4 2024 Held for 11 months	$98.7M
Harbor Asset Planning, Inc. RIA/Wealth	Scott Howard Leabman President	1.96% $2.2M	28.6K shares	Q2 2025 Held for 5 months	$111.7M
M Maltin Wealth Management, Inc. Institution	-	1.92% $4.3M	56.3K shares	Q4 2019 Held for 5y 11m	$223.6M
Maxele Advisors, LLC RIA/Wealth	Stephen M Erken Managing Partner	1.92% $2.2M	29.2K shares	Q4 2024 Held for 11 months	$115.9M
PFG Financial Advisors RIA/Wealth	Eric Kramer Dare CEO	1.81% $23.7M	310.4K shares	Q3 2024 Held for 1y 2m	$1.3B
P PERSONAL CFO SOLUTIONS, LLC RIA/Wealth	Timothy G Tymniak CCO	1.59% $9.0M	118.4K shares	Q3 2024 Held for 1y 2m	$569.9M

Hedge Fund Spotlight

Discover hedge funds investing in FNCL

GABLES CAPITAL MANAGEMENT INC.

Hedge Fund • Long/Short

Portfolio ManagerJudith Cohen Neiwirth

Portfolio Value: $233.4M
Positions: 457
Last Reported: Q3 2025

Sector Allocation

Position in Fidelity MSCI Financials Index

Market Value: $21.6K
Shares Held: 283.0
Portfolio Weight: 0.01%
Owned Since: 2024-Q3

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$20.6M	8.84%
2 Apple AAPL	Consumer Electronics Technology	$14.7M	6.30%
3 Palantir Technologies Inc. PLTR	Software - Infrastructure Technology	$13.4M	5.74%