Fidelity MSCI Real Estate ETF (FREL) Holdings
FREL holdings summary
as of Oct 24, 2026- Holdings
- 123 positions listed
- Top 10 weight
- 47.9% of net assets
- Effective holdings
- 30 equal-weight equivalent
- Largest holding
- WELL 9.76% Welltower Inc.
- Annual turnover
- 9.2% of the portfolio traded
Top 1047.9%
Top 2569.7%
Top 5086.3%
Top 10097.7%
All FREL holdings
123 holdings
| # | Name | ||||||
|---|---|---|---|---|---|---|---|
| 1 | WELL | Welltower Inc. | Real Estate | 9.76% | $131.7M | $169.23B | 105.3 |
| 2 | PLD | Prologis, Inc. | Real Estate | 7.13% | $96.1M | $122.24B | 27.7 |
| 3 | EQIX | Equinix, Inc. | Real Estate | 5.46% | $73.7M | $97.29B | 63.4 |
| 4 | AMT | American Tower Corporation | Real Estate | 4.83% | $65.2M | $86.33B | 25.5 |
| 5 | SPG | Simon Property Group, Inc. | Real Estate | 4.28% | $57.7M | $77.99B | 14.5 |
| 6 | DLR | Digital Realty Trust, Inc. | Real Estate | 3.89% | $52.5M | $66.46B | 85.4 |
| 7 | O | Realty Income Corporation | Real Estate | 3.57% | $48.2M | $53.06B | 40.6 |
| 8 | PSA | Public Storage | Real Estate | 3.29% | $44.4M | $55.74B | 28.5 |
| 9 | EQR | Equity Residential | Real Estate | 3.07% | $41.4M | — | — |
| 10 | VTR | Ventas, Inc. | Real Estate | 2.64% | $35.6M | $44.04B | 159.0 |
| 11 | CBRE | CBRE Group, Inc. | Real Estate | 2.63% | $35.5M | $38.54B | 30.5 |
| 12 | CCI | Crown Castle Inc. | Real Estate | 2.46% | $33.2M | $35.00B | 33.4 |
| 13 | IRM | Iron Mountain Incorporated | Real Estate | 2.25% | $30.4M | $33.49B | 80.4 |
| 14 | EXR | Extra Space Storage Inc. | Real Estate | 1.99% | $26.8M | $30.81B | 30.8 |
| 15 | VICI | VICI Properties Inc. | Real Estate | 1.69% | $22.8M | $25.99B | 9.2 |
| 16 | SBAC | SBA Communications Corporation | Real Estate | 1.30% | $17.5M | $19.84B | 20.2 |
| 17 | HST | Host Hotels & Resorts, Inc. | Real Estate | 1.19% | $16.0M | $16.65B | 16.2 |
| 18 | ESS | Essex Property Trust, Inc. | Real Estate | 1.17% | $15.8M | $18.57B | 41.9 |
| 19 | KIM | Kimco Realty Corporation | Real Estate | 1.10% | $14.9M | $15.37B | 27.0 |
| 20 | JLL | Jones Lang LaSalle Incorporated | Real Estate | 1.05% | $14.2M | $14.06B | 14.7 |
| 21 | INVH | Invitation Homes Inc. | Real Estate | 1.04% | $14.1M | $15.99B | 24.8 |
| 22 | SUI | Sun Communities, Inc. | Real Estate | 1.01% | $13.7M | $14.92B | 89.5 |
| 23 | WPC | W. P. Carey Inc. | Real Estate | 1.00% | $13.5M | $14.84B | 22.3 |
| 24 | WY | Weyerhaeuser Company | Real Estate | 0.97% | $13.0M | $14.13B | 30.2 |
| 25 | CSGP | CoStar Group, Inc. | Real Estate | 0.95% | $12.9M | $13.09B | 179.5 |
| 26 | LAMR | Lamar Advertising Company | Real Estate | 0.94% | $12.7M | $15.24B | 27.4 |
| 27 | MAA | Mid-America Apartment Communities, Inc. | Real Estate | 0.93% | $12.5M | $13.92B | 34.1 |
| 28 | OHI | Omega Healthcare Investors, Inc. | Real Estate | 0.91% | $12.3M | $14.39B | 16.3 |
| 29 | DOC | Healthpeak Properties, Inc. | Real Estate | 0.89% | $12.1M | $13.46B | 54.2 |
| 30 | REG | Regency Centers Corporation | Real Estate | 0.85% | $11.5M | $13.69B | 24.7 |
| 31 | UDR | UDR, Inc. | Real Estate | 0.76% | $10.3M | $12.59B | 21.7 |
| 32 | ELS | Equity LifeStyle Properties, Inc. | Real Estate | 0.75% | $10.1M | $12.27B | 29.6 |
| 33 | EGP | EastGroup Properties, Inc. | Real Estate | 0.74% | $9.9M | $10.56B | 34.5 |
| 34 | CPT | Camden Property Trust | Real Estate | 0.72% | $9.7M | $9.91B | 32.5 |
| 35 | GLPI | Gaming and Leisure Properties, Inc. | Real Estate | 0.71% | $9.6M | $11.76B | 11.5 |
| 36 | AMH | American Homes 4 Rent | Real Estate | 0.70% | $9.4M | $12.82B | 24.8 |
| 37 | AHR | American Healthcare REIT, Inc. | Real Estate | 0.69% | $9.3M | $11.60B | 79.4 |
| 38 | BXP | BXP, Inc. | Real Estate | 0.61% | $8.2M | $10.71B | 31.8 |
| 39 | CUBE | CubeSmart | Real Estate | 0.61% | $8.2M | $8.83B | 26.7 |
| 40 | BRX | Brixmor Property Group Inc. | Real Estate | 0.59% | $7.9M | $8.49B | 19.8 |
| 41 | REXR | Rexford Industrial Realty, Inc. | Real Estate | 0.59% | $7.9M | $8.42B | — |
| 42 | FRT | Federal Realty Investment Trust | Real Estate | 0.57% | $7.7M | $9.29B | 21.5 |
| 43 | CTRE | CareTrust REIT, Inc. | Real Estate | 0.55% | $7.5M | $8.64B | 22.8 |
| 44 | NNN | NNN REIT Inc | Real Estate | 0.55% | $7.4M | $7.97B | 20.6 |
| 45 | FR | First Industrial Realty Trust, Inc. | Real Estate | 0.53% | $7.1M | $8.05B | 21.4 |
| 46 | ADC | Agree Realty Corporation | Real Estate | 0.51% | $6.9M | $8.36B | 36.0 |
| 47 | RHP | Ryman Hospitality Properties, Inc. | Real Estate | 0.49% | $6.6M | $8.69B | 30.7 |
| 48 | HR | Healthcare Realty Trust Incorporated | Real Estate | 0.46% | $6.2M | $6.07B | — |
| 49 | STAG | STAG Industrial, Inc. | Real Estate | 0.45% | $6.1M | $7.05B | 27.6 |
| 50 | ARE | Alexandria Real Estate Equities, Inc. | Real Estate | 0.45% | $6.1M | $7.16B | — |
| 51 | TRNO | Terreno Realty Corporation | Real Estate | 0.44% | $5.9M | $6.98B | 17.2 |
| 52 | COMP | Compass, Inc. | Real Estate | 0.41% | $5.5M | $7.01B | 152.2 |
| 53 | MAC | The Macerich Company | Real Estate | 0.40% | $5.4M | $6.77B | — |
| 54 | KRG | Kite Realty Group Trust | Real Estate | 0.39% | $5.3M | $5.05B | 15.4 |
| 55 | RYN | Rayonier Inc. | Real Estate | 0.39% | $5.2M | $5.68B | 41.3 |
| 56 | VNO | Vornado Realty Trust | Real Estate | 0.37% | $5.0M | $6.52B | 823.2 |
| 57 | Z | Zillow Group, Inc | Communication Services | 0.36% | $4.8M | $6.93B | 134.0 |
| 58 | EPRT | Essential Properties Realty Trust, Inc. | Real Estate | 0.35% | $4.7M | $5.66B | 20.2 |
| 59 | CUZ | Cousins Properties Incorporated | Real Estate | 0.33% | $4.5M | $4.55B | 691.0 |
| 60 | SBRA | Sabra Health Care REIT, Inc. | Real Estate | 0.32% | $4.3M | $4.94B | 77.4 |
| 61 | PECO | Phillips Edison & Company, Inc. | Real Estate | 0.32% | $4.3M | $5.40B | 33.5 |
| 62 | OUT | Outfront Media Inc. | Real Estate | 0.31% | $4.2M | $5.35B | 21.9 |
| 63 | APLE | Apple Hospitality REIT, Inc. | Real Estate | 0.29% | $4.0M | $4.03B | 23.0 |
| 64 | EPR | EPR Properties | Real Estate | 0.28% | $3.7M | $4.27B | 17.9 |
| 65 | SKT | Tanger Factory Outlet Centers, Inc. | Real Estate | 0.27% | $3.7M | $4.24B | 32.5 |
| 66 | CDP | COPT Defense Properties | Real Estate | 0.27% | $3.6M | $3.86B | 23.1 |
| 67 | KRC | Kilroy Realty Corporation | Real Estate | 0.26% | $3.5M | $4.09B | 24.4 |
| 68 | COLD | Americold Realty Trust, Inc. | Real Estate | 0.26% | $3.5M | $3.96B | — |
| 69 | MRP | Millrose Properties, Inc. | Real Estate | 0.24% | $3.3M | $3.74B | 7.8 |
| 70 | LXP | LXP Industrial Trust | Real Estate | 0.24% | $3.2M | $3.60B | 60.5 |
| 71 | IRT | Independence Realty Trust, Inc. | Real Estate | 0.23% | $3.1M | $3.57B | 82.1 |
| 72 | BNL | Broadstone Net Lease, Inc. | Real Estate | 0.23% | $3.1M | $3.86B | 23.9 |
| 73 | PK | Park Hotels & Resorts Inc. | Real Estate | 0.23% | $3.1M | $3.20B | — |
| 74 | HIW | Highwoods Properties, Inc. | Real Estate | 0.22% | $3.0M | $3.30B | 19.4 |
| 75 | GEI | SL Green Realty Corp | Real Estate | 0.22% | $3.0M | — | — |
| 76 | NHI | National Health Investors, Inc. | Real Estate | 0.21% | $2.8M | $3.26B | 19.2 |
| 77 | DRH | DiamondRock Hospitality Company | Real Estate | 0.20% | $2.7M | $2.76B | 18.6 |
| 78 | JOE | The St. Joe Company | Real Estate | 0.20% | $2.7M | $3.89B | 32.1 |
| 79 | CURB | Curbline Properties Corp. | Real Estate | 0.19% | $2.5M | $3.05B | 94.7 |
| 80 | CWK | Cushman & Wakefield plc | Real Estate | 0.18% | $2.4M | $2.65B | 39.0 |
| 81 | SHO | Sunstone Hotel Investors, Inc. | Real Estate | 0.17% | $2.3M | $2.20B | 56.3 |
| 82 | UE | Urban Edge Properties | Real Estate | 0.17% | $2.3M | $2.68B | 36.8 |
| 83 | PEB | Pebblebrook Hotel Trust | Real Estate | 0.17% | $2.3M | $2.19B | — |
| 84 | IVT | InvenTrust Properties Corp. | Real Estate | 0.17% | $2.3M | $2.34B | 158.3 |
| 85 | FCPT | Four Corners Property Trust, Inc. | Real Estate | 0.17% | $2.2M | $2.41B | 20.0 |
| 86 | AKR | Acadia Realty Trust | Real Estate | 0.16% | $2.2M | $2.71B | 54.7 |
| 87 | LB | LandBridge Company LLC | Energy | 0.15% | $2.0M | $6.39B | 72.2 |
| 88 | LINE | Lineage, Inc. | Real Estate | 0.15% | $2.0M | $8.34B | — |
| 89 | HHH | Howard Hughes Holdings Inc. | Real Estate | 0.15% | $2.0M | $4.10B | 13.9 |
| 90 | LTC | LTC Properties, Inc. | Real Estate | 0.15% | $2.0M | $2.35B | 15.6 |
| 91 | XHR | Xenia Hotels & Resorts, Inc. | Real Estate | 0.14% | $1.8M | $1.87B | — |
| 92 | RLJ | RLJ Lodging Trust | Real Estate | 0.13% | $1.8M | $1.78B | — |
| 93 | SMA | SmartStop Self Storage REIT, Inc. | Real Estate | 0.13% | $1.8M | $1.96B | 64.5 |
| 94 | OPEN | Opendoor Technologies Inc. | Real Estate | 0.12% | $1.7M | $2.04B | — |
| 95 | NMRK | Newmark Group, Inc. | Real Estate | 0.12% | $1.6M | $2.90B | 15.0 |
| 96 | MPT | Medical Properties Trust, Inc. | Real Estate | 0.11% | $1.5M | $1.80B | — |
| 97 | GNL | Global Net Lease, Inc. | Real Estate | 0.11% | $1.5M | $1.72B | — |
| 98 | DHC | Diversified Healthcare Trust | Real Estate | 0.11% | $1.5M | $1.84B | — |
| 99 | NTST | NETSTREIT Corp. | Real Estate | 0.11% | $1.4M | $1.75B | 122.8 |
| 100 | GTY | Getty Realty Corp. | Real Estate | 0.11% | $1.4M | $1.76B | 17.2 |
| 101 | DEI | Douglas Emmett, Inc. | Real Estate | 0.09% | $1.3M | $1.96B | — |
| 102 | ZG | Zillow Group, Inc | Communication Services | 0.09% | $1.2M | $7.17B | 138.6 |
| 103 | UMH | UMH Properties, Inc. | Real Estate | 0.08% | $1.1M | $1.30B | 127.0 |
| 104 | PDM | Piedmont Office Realty Trust, Inc. | Real Estate | 0.08% | $1.1M | $1.14B | — |
| 105 | AAT | American Assets Trust, Inc. | Real Estate | 0.07% | $1.0M | $1.65B | 73.4 |
| 106 | CSR | Centerspace | Real Estate | 0.07% | $936,217.69 | $991.8M | 44.5 |
| 107 | JBGS | JBG SMITH Properties | Real Estate | 0.07% | $911,935.38 | $861.1M | — |
| 108 | DEA | Easterly Government Properties, Inc. | Real Estate | 0.07% | $886,304.06 | $1.07B | 114.8 |
| 109 | CBL | CBL & Associates Properties, Inc. | Real Estate | 0.05% | $731,167.13 | $1.53B | 7.2 |
| 110 | MMI | Marcus & Millichap, Inc. | Real Estate | 0.05% | $700,139.74 | $1.06B | 75.8 |
| 111 | ESRT | Empire State Realty Trust, Inc. | Real Estate | 0.05% | $640,783.00 | $1.42B | 231.0 |
| 112 | SVC | Service Properties Trust | Real Estate | 0.05% | $627,292.83 | $796.5M | — |
| 113 | ALX | Alexander's, Inc. | Real Estate | 0.04% | $601,661.51 | $1.19B | 7.1 |
| 114 | FOR | Forestar Group Inc. | Real Estate | 0.04% | $566,587.07 | $1.31B | 7.7 |
| 115 | GOOD | Gladstone Commercial Corporation | Real Estate | 0.04% | $550,398.87 | $608.9M | 49.9 |
| 116 | SAFE | Safehold Inc. | Real Estate | 0.04% | $535,559.69 | $803.1M | 7.0 |
| 117 | BDN | Brandywine Realty Trust | Real Estate | 0.04% | $473,504.91 | $454.2M | — |
| 118 | NXRT | NexPoint Residential Trust, Inc. | Real Estate | 0.03% | $427,638.34 | $948.0M | — |
| 119 | BFS | Saul Centers, Inc. | Real Estate | 0.03% | $408,752.10 | $1.02B | 30.1 |
| 120 | AGNT | eXp World Holdings, Inc. | Real Estate | 0.03% | $379,073.73 | $640.1M | — |
| 121 | JAN | JanOne Inc. | Real Estate | 0.03% | $368,281.60 | $9.03B | — |
| 122 | BXDC | Blackstone Digital Infrastructure Trust Inc. | Real Estate | 0.02% | $321,066.01 | — | — |
| 123 | FRMI | Fermi Inc. | Real Estate | 0.02% | $203,701.54 | $2.03B | — |
Weights as a percentage of net assets. Value held = weight × net assets ($1.35B). Market cap and P/E from each company's latest fundamentals (U.S.-listed stocks).
FREL sector breakdown
| Sector | Weight | Holdings | Largest |
|---|---|---|---|
| Real Estate | 98.3% | 120 | WELL, PLD, EQIX |
| Communication Services | 0.4% | 2 | Z, ZG |
| Energy | 0.2% | 1 | LB |
Sum of the weights of the holdings in each sector.
FREL top industries
REIT - Specialty
23.8%
REIT - Healthcare Facilities
16.8%
REIT - Industrial
16.5%
REIT - Retail
14.9%
REIT - Residential
10.8%
Real Estate Services
5.5%
REIT - Diversified
3.3%
REIT - Hotel & Motel
3.1%
REIT - Office
2.8%
Internet Content & Information
0.4%
REIT-Office
0.2%
Real Estate - Diversified
0.2%
Real Estate - Development
0.2%
Oil & Gas E&P
0.2%
FREL overlap with other ETFs
| ETF | Fund | Overlap | Shared holdings | Expense ratio |
|---|---|---|---|---|
| SCHH | Schwab U.S. REIT ETF | 90.9% | 107 of 117 | 0.06% |
| DFAR | DFA Investment Dimensions Group | 87.7% | 99 of 119 | 0.18% |
| IYRI | NEOS ETF Trust NEOS Real Estate | 85.8% | 56 of 61 | 0.66% |
| VNQ | Vanguard Real Estate ETF | 84.2% | 120 of 139 | 0.12% |
| DFGR | Dimensional Gloabl Real Estate ETF | 74.9% | 99 of 390 | 0.22% |
| AVRE | Avantis Real Estate ETF | 72.4% | 76 of 303 | 0.17% |
Overlap = sum over shared holdings of the smaller of the two weights. 100% means identical portfolios.
About the FREL portfolio
Fidelity MSCI Real Estate ETF holds 123 positions. The ten largest make up 47.9% of the fund and the top 50 86.3%, so it behaves like a portfolio of about 30 equally weighted stocks. The biggest positions are Welltower Inc. (9.76%), Prologis, Inc. (7.13%), Equinix, Inc. (5.46%), American Tower Corporation (4.83%), Simon Property Group, Inc. (4.28%).
By sector, Real Estate is 98.3%, Communication Services is 0.4%, Energy is 0.2%. Holdings data is from the fund's latest portfolio as reported by EODHD on October 24, 2026; positions change as the fund rebalances.
Related: FREL chart, FREL performance, FREL dividends, FREL valuation, FREL overview.
FREL holdings FAQ
How many holdings does FREL have?
FREL holds 123 positions as of October 24, 2026.
What are the top 10 holdings of FREL?
The ten largest holdings are Welltower Inc. (9.76%), Prologis, Inc. (7.13%), Equinix, Inc. (5.46%), American Tower Corporation (4.83%), Simon Property Group, Inc. (4.28%), Digital Realty Trust, Inc. (3.89%), Realty Income Corporation (3.57%), Public Storage (3.29%), Equity Residential (3.07%), Ventas, Inc. (2.64%). Together they are 47.9% of the fund.
What percentage of FREL is Welltower Inc.?
Welltower Inc. is the largest holding at 9.76% of net assets, about $131.7M of the fund's $1.35B.
Which sector is the largest in FREL?
Real Estate is the largest sector at 98.3%, followed by Communication Services (0.4%) and Energy (0.2%), based on the sectors of the individual holdings.
How concentrated is FREL?
The top 10 holdings are 47.9% of the fund. By the effective number of holdings (1 divided by the sum of squared weights) FREL behaves like a portfolio of about 30 equally weighted stocks.