FSMD
Fidelity Small-Mid Multifactor ETF · Financial Services · Asset Management
Momentum inputs (comparable managers):
holder breadth -14.3% ·
share flow -3.7% ·
net new positions -16.7%
— formula
Broad distribution — falling shares and fewer holders
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q3 2025
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Fidelity (FMR) ✦ | 16.05M | -3.2% | $706.56M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 2 | Goldman Sachs Group ✦ | 116.00K | — | $5.11M | 0.0% | n/c | 1 | SEC ↗ |
| 3 | JPMorgan Chase ✦ | 49.57K | — | $2.18M | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 4 | AQR Capital Management ✦ | 6.60K | New | $290,650 | 0.0% | New | 1 | SEC ↗ |
| 5 | Morgan Stanley ✦ | 2.40K | — | $105,604 | 0.0% | n/c | 1 | SEC ↗ ×3 |
| 6 | BlackRock ✦ (passive) | 620 | New | $27,286 | 0.0% | New | 1 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| AQR Capital Management | $290,650 | 0.0% |
| BlackRock | $27,286 | 0.0% |
Exited
| Two Sigma Investments | $2.18M | was 0.0% |
| Citadel Advisors | $1.86M | was 0.0% |
| Renaissance Technologies | $344,201 | was 0.0% |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 170 holders, 42.47M shares, $1.89B reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.