Vault-13

FIDELITY MERRIMACK STR TR FMUB

MUN BD OPPORTUN · ETP · CUSIP 316188853

37 institutional holders +10 vs Q1 2026
1,306,6751.3m shares reported held*
$67.2mreported value*
12 new 18 added 3 reduced 2 sold out net bought ≈ $21.7m (+421.2k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($5.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $51.41.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

02040Q2 25: 8Q3 25: 15Q4 25: 22Q1 26: 27Q2 26: 3737Q2 25Q3 25Q4 25Q1 26Q2 26
Numbers
QuarterHolders
Q2 20258
Q3 202515
Q4 202522
Q1 202627
Q2 202637

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q3 25: 13 bought or addedQ3 25: 2 cut or sold outQ3 25Q4 25: 22 bought or addedQ4 25: 2 cut or sold outQ4 25Q1 26: 19 bought or addedQ1 26: 9 cut or sold outQ1 26Q2 26: 30 bought or addedQ2 26: 5 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2025132
Q4 2025222
Q1 2026199
Q2 2026305

Biggest buyers

COMMONWEALTH EQUITY SERVICES, LLC Added +160,261+160.3k
JPMORGAN CHASE & CO Added +49,238+49.2k
LPL Financial LLC Added +35,114+35.1k
Cambridge Investment Research Advisors, Inc. New +28,575+28.6k
Advyzon Investment Management, LLC Added +25,946+25.9k
IHT Wealth Management, LLC Added +22,705+22.7k
RAYMOND JAMES FINANCIAL INC New +17,351+17.4k
HICKS CAPITAL MANAGEMENT LLC Added +16,766+16.8k
J.W. COLE ADVISORS, INC. New +12,957+13.0k
Elequin Capital, LP New +9,759+9.8k

Biggest sellers

Independent Advisor Alliance Sold out -13,882-13.9k
JANE STREET GROUP, LLC Reduced -6,429-6.4k
Sigma Planning Corp Sold out -4,755-4.8k
Concurrent Investment Advisors, LLC Reduced -2,023-2.0k
Inspire Advisors, LLC Reduced -66-66

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 320,712320.7k $16.5m $16.5m 0.02% Added +160.3k +160,261
2 Wealth Alliance Advisory Group, LLC 2.13% of their portfolio Wichita, KS 285,829285.8k $14.7m $14.7m 2.13% Added +1.4k +1,435
3 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 131,398131.4k $6.8m $6.8m 0.00% Added +49.2k +49,238
4 Advyzon Investment Management, LLC 0.29% of their portfolio LISLE, IL 77,57777.6k $4.0m $4.0m 0.29% Added +25.9k +25,946
5 Clarity Retirement & Wealth, LLC 2.56% of their portfolio NEW BEDFORD, MA 72,03972.0k $3.7m $3.7m 2.56% Added +5.1k +5,135
6 Concurrent Investment Advisors, LLC 0.03% of their portfolio Tampa, FL 57,69457.7k $3.0m $3.0m 0.03% Reduced -2.0k -2,023
7 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 50,23950.2k $2.6m $2.6m 0.00% Added +35.1k +35,114
8 HICKS CAPITAL MANAGEMENT LLC 2.10% of their portfolio COLUMBUS, OH 49,86649.9k $2.6m $2.6m 2.10% Added +16.8k +16,766
9 IHT Wealth Management, LLC 0.04% of their portfolio Chicago, IL 34,81534.8k $1.8m $1.8m 0.04% Added +22.7k +22,705
10 Advisory Services Network, LLC 0.02% of their portfolio ATLANTA, GA 31,62931.6k $1.6m $1.6m 0.02% Added +5.5k +5,497
11 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 28,57528.6k $1.5m $1.5m 0.00% New
12 Avidian Wealth Enterprises, LLC 0.04% of their portfolio Houston, TX 28,30028.3k $1.5m $1.5m 0.04% Unchanged
13 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 21,46121.5k $1.1m $1.1m 0.00% Added +7.3k +7,324
14 Landmark Wealth Management, LLC 0.25% of their portfolio MELVILLE, NY 20,30520.3k $1.0m $1.0m 0.25% Added +43 +43
15 Aptus Capital Advisors, LLC 0.01% of their portfolio FAIRHOPE, AL 19,80319.8k $1.0m $1.0m 0.01% Added +2.0k +2,046
16 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 18,12618.1k $931.7k $931.7k 0.00% Added +5.5k +5,452
17 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 17,35117.4k $891.9k $891.9k 0.00% New
18 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 14,22814.2k $733.5k $733.5k 0.00% Added +852 +852
19 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 14,00014.0k $719.7k $719.7k 0.00% Reduced -6.4k -6,429
20 GAINLINE FINANCIAL PARTNERS, LLC 0.65% of their portfolio LOUISVILLE, CO 13,51413.5k $694.7k $694.7k 0.65% First filing
21 J.W. COLE ADVISORS, INC. 0.01% of their portfolio TAMPA, FL 12,95713.0k $666.1k $666.1k 0.01% New
22 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 12,30812.3k $632.7k $632.7k 0.00% Added +6.9k +6,916
23 PFG Advisors 0.03% of their portfolio Phoenix, AZ 10,39410.4k $534.3k $534.3k 0.03% Added +80 +80
24 Elequin Capital, LP 0.02% of their portfolio NEW YORK, NY 9,7599.8k $501.7k $501.7k 0.02% New
25 Fifth Third Securities, Inc. 0.03% of their portfolio Cincinnati, OH 9,0959.1k $467.5k $467.5k 0.03% Added +4.1k +4,120
26 AdvisorNet Financial, Inc 0.02% of their portfolio MINNETONKA, MN 7,4127.4k $381.0k $381.0k 0.02% New
27 Sequoia Financial Advisors, LLC 0.00% of their portfolio Akron, OH 6,1996.2k $318.7k $318.7k 0.00% Unchanged
28 Physician Wealth Advisors, Inc. 0.04% of their portfolio MIDVALE, UT 6,0876.1k $312.9k $312.9k 0.04% New
29 IFG Advisory, LLC 0.01% of their portfolio ATLANTA, GA 5,7015.7k $293.0k $293.0k 0.01% New
30 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 4,5724.6k $235.0k $235.0k 0.00% New
31 Inspire Advisors, LLC 0.01% of their portfolio Meridian, ID 4,1754.2k $214.6k $214.6k 0.01% Reduced -66 -66
32 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 2,3942.4k $123.1k $123.1k 0.00% New
33 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 2,0002.0k $102.8k $102.8k 0.00% New
34 Clearstead Advisors, LLC 0.00% of their portfolio CLEVELAND, OH 1,9612.0k $100.8k $100.8k 0.00% New
35 MCF Advisors LLC 0.00% of their portfolio LEXINGTON, KY 1,2801.3k $66.0k $66.0k 0.00% Added +400 +400
36 Roxbury Financial LLC 0.01% of their portfolio MOUNT ARLINGTON, NJ 300300 $15.4k $15.4k 0.01% New
37 FMR LLC 0.00% of their portfolio BOSTON, MA 00 $10 $10 0.00% Unchanged