Vault-13

FLEXSHARES TR TILT

MORNSTAR USMKT · ETP · CUSIP 33939L100

99 institutional holders +0 vs Q2 2025
6,932,5556.9m shares reported held*
$1.7bnreported value*
8 new 13 added 36 reduced 7 sold out net sold ≈ $16.6m (-68.6k 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. Holder counts are more reliable. Implied quarter-end price ≈ $242.29.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 68Q4 22: 69Q1 23: 77Q2 23: 77Q3 23: 82Q4 23: 91Q1 24: 88Q2 24: 93Q3 24: 92Q4 24: 97Q1 25: 104Q2 25: 99Q3 25: 9999Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 202268
Q4 202269
Q1 202377
Q2 202377
Q3 202382
Q4 202391
Q1 202488
Q2 202493
Q3 202492
Q4 202497
Q1 2025104
Q2 202599
Q3 202599

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q4 23: 26 bought or addedQ4 23: 35 cut or sold outQ1 24: 21 bought or addedQ1 24: 37 cut or sold outQ1 24Q2 24: 24 bought or addedQ2 24: 34 cut or sold outQ3 24: 18 bought or addedQ3 24: 37 cut or sold outQ3 24Q4 24: 30 bought or addedQ4 24: 32 cut or sold outQ1 25: 30 bought or addedQ1 25: 38 cut or sold outQ1 25Q2 25: 21 bought or addedQ2 25: 45 cut or sold outQ3 25: 21 bought or addedQ3 25: 43 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20232635
Q1 20242137
Q2 20242434
Q3 20241837
Q4 20243032
Q1 20253038
Q2 20252145
Q3 20252143

Biggest buyers

ENVESTNET ASSET MANAGEMENT INC Added +8,427+8.4k
WELLS FARGO & COMPANY/MN Added +5,986+6.0k
MML INVESTORS SERVICES, LLC Added +4,535+4.5k
Wealthstream Advisors, Inc. Added +3,023+3.0k
VICTORY FINANCIAL GROUP, LLC New +2,655+2.7k
Discipline Wealth Solutions, LLC Added +2,166+2.2k
Thrivent Financial for Lutherans New +1,676+1.7k
Cambridge Investment Research Advisors, Inc. Added +1,386+1.4k
Rockefeller Capital Management L.P. New +1,117+1.1k
Cetera Investment Advisers Added +851+851

Biggest sellers

CITADEL ADVISORS LLC Sold out -29,606-29.6k
ROYAL BANK OF CANADA Reduced -13,464-13.5k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -11,468-11.5k
Corient Private Wealth LP Reduced -10,816-10.8k
JANE STREET GROUP, LLC Sold out -6,629-6.6k
Capstone Financial Advisors, Inc. Reduced -5,105-5.1k
Efficient Advisors, LLC Reduced -4,736-4.7k
Freedom Investment Management, Inc. Sold out -3,162-3.2k
NORTHERN TRUST CORP Reduced -2,879-2.9k
RAYMOND JAMES FINANCIAL INC Reduced -2,612-2.6k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NORTHERN TRUST CORP 0.17% of their portfolio CHICAGO, IL 5,625,0855.6m $1.4bn $1.4bn 0.17% Reduced -2.9k -2,879
2 Capstone Financial Advisors, Inc. 2.42% of their portfolio DOWNERS GROVE, IL 184,195184.2k $44.6m $44.6m 2.42% Reduced -5.1k -5,105
3 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 181,168181.2k $43.9m $43.9m 0.00% Reduced -37 -37
4 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 129,427129.4k $31.4m $31.4m 0.01% Added +8.4k +8,427
5 COMMONWEALTH EQUITY SERVICES, LLC 0.04% of their portfolio WALTHAM, MA 120,694120.7k $29.2m $29.2m 0.04% Reduced -483 -483
6 RVW Wealth, LLC 1.37% of their portfolio LOS ANGELES, CA 72,31972.3k $17.5m $17.5m 1.37% Reduced -141 -141
7 Sageworth Trust Co 0.80% of their portfolio LANCASTER, PA 70,54270.5k $17.1m $17.1m 0.80% Unchanged
8 SageView Advisory Group, LLC 0.55% of their portfolio Newport Beach, CA 66,22066.2k $16.0m $16.0m 0.55% Reduced -126 -126
9 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 37,55837.6k $9.1m $9.1m 0.02% Added +4.5k +4,535
10 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 31,98732.0k $7.8m $7.8m 0.00% Reduced -650 -650
11 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 28,09428.1k $6.8m $6.8m 0.01% Added +851 +851
12 SENTINEL TRUST CO LBA 0.66% of their portfolio HOUSTON, TX 26,83326.8k $6.5m $6.5m 0.66% Reduced -703 -703
13 Trace Wealth Advisors, LLC 4.44% of their portfolio Los Angeles, CA 24,50824.5k $5.9m $5.9m 4.44% Unchanged
14 Wealthstream Advisors, Inc. 0.86% of their portfolio NEW YORK, NY 23,44623.4k $5.7m $5.7m 0.86% Added +3.0k +3,023
15 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 21,11821.1k $5.1m $5.1m 0.01% Added +1.4k +1,386
16 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 18,88618.9k $4.6m $4.6m 0.00% Added +6.0k +5,986
17 Efficient Advisors, LLC 0.24% of their portfolio BEAVERTON, OR 17,53217.5k $4.2m $4.2m 0.24% Reduced -4.7k -4,736
18 UBS Group AG 0.00% of their portfolio ZURICH, V8 14,52914.5k $3.5m $3.5m 0.00% Reduced -222 -222
19 Goldstein Advisors, LLC 0.41% of their portfolio Madison, WI 13,98914.0k $3.4m $3.4m 0.41% Reduced -33 -33
20 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 13,32813.3k $3.2m $3.2m 0.00% Reduced -13.5k -13,464
21 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 13,05513.1k $3.2m $3.2m 0.00% Reduced -11.5k -11,468
22 Ballentine Capital Advisors, Inc 1.35% of their portfolio GREENVILLE, SC 12,58312.6k $3.0m $3.0m 1.35% Reduced -456 -456
23 AMG National Trust Bank 0.06% of their portfolio GREENWOOD VILLAGE, CO 10,69910.7k $2.6m $2.6m 0.06% Unchanged
24 Discipline Wealth Solutions, LLC 0.65% of their portfolio GREENVILLE, SC 10,23710.2k $2.5m $2.5m 0.65% Added +2.2k +2,166
25 BRIDGES INVESTMENT MANAGEMENT INC 0.03% of their portfolio OMAHA, NE 10,11710.1k $2.5m $2.5m 0.03% Reduced -182 -182
26 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 8,0008.0k $1.9m $1.9m 0.00% Reduced -10.8k -10,816
27 COMERICA BANK 0.01% of their portfolio DALLAS, TX 7,0797.1k $1.7m $1.7m 0.01% Unchanged
28 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 6,7256.7k $1.6m $1.6m 0.01% Added +226 +226
29 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 6,7236.7k $1.6m $1.6m 0.00% Reduced -2.6k -2,612
30 Wealthspire Advisors, LLC 0.01% of their portfolio NEW YORK, NY 6,5926.6k $1.6m $1.6m 0.01% Unchanged
31 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 6,1046.1k $1.5m $1.5m 0.00% Reduced -22 -22
32 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 6,0746.1k $1.5m $1.5m 0.00% Added +21 +21
33 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 5,9295.9k $1.4m $1.4m 0.00% Unchanged
34 Greenfield Savings Bank 0.56% of their portfolio GREENFIELD, MA 5,5005.5k $1.3m $1.3m 0.56% Unchanged
35 TIAA TRUST, NATIONAL ASSOCIATION 0.00% of their portfolio CHARLOTTE, NC 4,2434.2k $1.0m $1.0m 0.00% Unchanged
36 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 4,0454.0k $980.1k $980.1k 0.00% Unchanged
37 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 3,9984.0k $968.6k $968.6k 0.00% Reduced -1.8k -1,822
38 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 3,6093.6k $857.5k $857.5k 0.00% Reduced -63 -63
39 Plante Moran Financial Advisors, LLC 0.05% of their portfolio SOUTHFIELD, MI 3,5383.5k $857.2k $857.2k 0.05% Unchanged
40 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 3,3403.3k $809.2k $809.2k 0.00% Reduced -1.3k -1,276
41 KEYBANK NATIONAL ASSOCIATION/OH 0.00% of their portfolio BROOKLYN, OH 3,2883.3k $796.6k $796.6k 0.00% Unchanged
42 F/m Investments LLC 0.03% of their portfolio WASHINGTON, DC 3,0673.1k $743.1k $743.1k 0.03% Reduced -880 -880
43 VestGen Investment Management 0.44% of their portfolio EGG HARBOR TOWNSHIP, NJ 2,9933.0k $725.2k $725.2k 0.44% Reduced -80 -80
44 PARK NATIONAL CORP /OH/ 0.02% of their portfolio NEWARK, OH 2,9442.9k $713.3k $713.3k 0.02% Unchanged
45 ZACKS INVESTMENT MANAGEMENT 0.01% of their portfolio Chicago, IL 2,9002.9k $702.6k $702.6k 0.01% Reduced -4 -4
46 Comprehensive Money Management Services LLC 0.49% of their portfolio CORAL GABLES, FL 2,8572.9k $692.2k $692.2k 0.49% Unchanged
47 BOKF, NA 0.01% of their portfolio TULSA, OK 2,8022.8k $678.9k $678.9k 0.01% Reduced -11 -11
48 Texas Capital Bank Wealth Management Services Inc 0.05% of their portfolio Dallas, TX 2,7012.7k $654.4k $654.4k 0.05% Reduced -2.2k -2,184
49 VICTORY FINANCIAL GROUP, LLC 0.09% of their portfolio AUSTIN, TX 2,6552.7k $643.3k $643.3k 0.09% New
50 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 2,5972.6k $629.2k $629.2k 0.00% Unchanged
51 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 2,5962.6k $629.0k $629.0k 0.00% Unchanged
52 FLOW TRADERS U.S. LLC 0.02% of their portfolio NEW YORK, NY 2,4882.5k $603.0k $603.0k 0.02% Added +259 +259
53 Essex Bank 0.11% of their portfolio Essex, CT 2,0452.0k $495.5k $495.5k 0.11% Unchanged
54 Kings Path Partners LLC 0.18% of their portfolio SUGAR LAND, TX 2,0432.0k $495.0k $495.0k 0.18% Reduced -387 -387
55 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 1,9522.0k $473.0k $473.0k 0.00% Unchanged
56 AWM CAPITAL, LLC 0.04% of their portfolio Phoenix, AZ 1,9512.0k $472.9k $472.9k 0.04% Added +5 +5
57 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 1,8001.8k $436.1k $436.1k 0.00% Unchanged
58 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 1,7681.8k $428.4k $428.4k 0.00% Reduced -718 -718
59 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 1,6761.7k $406.0k $406.0k 0.00% New
60 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 1,6621.7k $402.7k $402.7k 0.00% Unchanged
61 Wealth Architects, LLC 0.04% of their portfolio MOUNTAIN VIEW, CA 1,6371.6k $396.6k $396.6k 0.04% Reduced -49 -49
62 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 1,4801.5k $358.6k $358.6k 0.00% Unchanged
63 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 1,4001.4k $339.2k $339.2k 0.00% Unchanged
64 Orca Investment Management, LLC 0.27% of their portfolio LAKE OSWEGO, OR 1,3631.4k $330.1k $330.1k 0.27% Reduced -198 -198
65 U.S. Capital Wealth Advisors, LLC 0.01% of their portfolio AUSTIN, TX 1,3511.4k $327.3k $327.3k 0.01% Reduced -16 -16
66 Empire Financial Management Company, LLC 0.07% of their portfolio NEW YORK, NY 1,2101.2k $293.2k $293.2k 0.07% Unchanged
67 M&T Bank Corp 0.00% of their portfolio BUFFALO, NY 1,1981.2k $290.3k $290.3k 0.00% Unchanged
68 Choate Investment Advisors 0.01% of their portfolio BOSTON, MA 1,1401.1k $276.2k $276.2k 0.01% Unchanged
69 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 1,1171.1k $270.6k $270.6k 0.00% New
70 L & S Advisors Inc 0.02% of their portfolio Los Angeles, CA 1,0591.1k $256.6k $256.6k 0.02% Unchanged
71 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 949949 $229.9k $229.9k 0.00% Unchanged
72 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 926926 $224.4k $224.4k 0.00% Reduced -100 -100
73 FMR LLC 0.00% of their portfolio BOSTON, MA 851851 $206.1k $206.1k 0.00% Reduced -9 -9
74 MKT Advisors LLC 0.08% of their portfolio CARLSBAD, CA 839839 $204.0k $204.0k 0.08% New
75 Gilbert Capital Group, Inc. 0.16% of their portfolio NORTH YARMOUTH, ME 828828 $200.6k $200.6k 0.16% New
76 Focus Partners Advisor Solutions, LLC 0.00% of their portfolio SAINT LOUIS, MO 826826 $200.8k $200.8k 0.00% New
77 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 732732 $177.4k $177.4k 0.00% Unchanged
78 Trifecta Capital Advisors, LLC 0.03% of their portfolio NORTHBROOK, IL 713713 $172.8k $172.8k 0.03% Unchanged
79 CoreCap Advisors, LLC 0.01% of their portfolio SOUTHFIELD, MI 689689 $166.9k $166.9k 0.01% Added +83 +83
80 CNB Bank 0.07% of their portfolio CLEARFIELD, PA 644644 $156.0k $156.0k 0.07% Unchanged
81 Versant Capital Management, Inc 0.02% of their portfolio PHOENIX, AZ 600600 $145.4k $145.4k 0.02% Unchanged
82 GeoWealth Management, LLC 0.00% of their portfolio CHICAGO, IL 481481 $116.5k $116.5k 0.00% New
83 CURIO WEALTH, LLC 0.03% of their portfolio ANNAPOLIS, MD 335335 $81.2k $81.2k 0.03% Unchanged
84 WEST PACES ADVISORS INC. 0.01% of their portfolio ATLANTA, GA 243243 $58.9k $58.9k 0.01% Unchanged
85 Golden State Wealth Management, LLC 0.01% of their portfolio SANTA ANA, CA 226226 $55.0k $55.0k 0.01% Unchanged
86 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 201201 $48.7k $48.7k 0.00% Unchanged
87 CWM, LLC 0.00% of their portfolio OMAHA, NE 200200 $48.0k $48.0k 0.00% Unchanged
88 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 170170 $41.2k $41.2k 0.00% Unchanged
89 Cornerstone Planning Group LLC 0.01% of their portfolio FAIRFIELD, NJ 152152 $37.4k $37.4k 0.01% Unchanged
90 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 141141 $34.2k $34.2k 0.00% Reduced -310 -310
91 Wilmington Savings Fund Society, FSB 0.00% of their portfolio WILMINGTON, DE 121121 $29.3k $29.3k 0.00% Unchanged
92 MARQUETTE ASSOCIATES, INC. 0.02% of their portfolio CHICAGO, IL 8484 $20.4k $20.4k 0.02% Reduced -11 -11
93 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 6161 $14.8k $14.8k 0.00% Reduced -24 -24
94 North Capital, Inc. 0.01% of their portfolio SALT LAKE CITY, UT 5151 $12.4k $12.4k 0.01% Added +1 +1
95 GPS Wealth Strategies Group, LLC 0.00% of their portfolio CENTENNIAL, CO 4141 $9.9k $9.9k 0.00% Unchanged
96 Cherry Tree Wealth Management, LLC 0.00% of their portfolio MINNETONKA, MN 2626 $6.3k $6.3k 0.00% Unchanged
97 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 2020 $4.8k $4.8k 0.00% Unchanged
98 Global Wealth Strategies & Associates 0.00% of their portfolio DENVER, CO 1212 $2.9k $2.9k 0.00% New
99 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 55 $1.2k $1.2k 0.00% Unchanged