Vault-13

FLEXSHARES TR TILT

MORNSTAR USMKT · ETP · CUSIP 33939L100

111 institutional holders +10 vs Q4 2025
7,097,0457.1m shares reported held*
$1.7bnreported value*
15 new 19 added 34 reduced 7 sold out net bought ≈ $48.8m (+227.5k 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 ($318.4k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $240.52.

Trends to Q1 2026

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: 99Q4 25: 101Q1 26: 111111Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q4 2025101
Q1 2026111

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q2 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 25Q4 25: 27 bought or addedQ4 25: 39 cut or sold outQ1 26: 34 bought or addedQ1 26: 41 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20242434
Q3 20241837
Q4 20243032
Q1 20253038
Q2 20252145
Q3 20252143
Q4 20252739
Q1 20263441

Biggest buyers

NORTHERN TRUST CORP Added +182,739+182.7k
Creative Planning Added +63,189+63.2k
Clear Point Advisors Inc. New +33,264+33.3k
BANK OF MONTREAL /CAN/ Added +5,316+5.3k
ENVESTNET ASSET MANAGEMENT INC Added +5,254+5.3k
WealthPlan Investment Management, LLC New +4,539+4.5k
Rothschild Wealth LLC New +3,770+3.8k
VestGen Advisors, LLC New +2,771+2.8k
FLOW TRADERS U.S. LLC New +2,149+2.1k
SeaCrest Wealth Management, LLC New +1,352+1.4k

Biggest sellers

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -26,194-26.2k
Corient Private Wealth LP Reduced -17,502-17.5k
Capstone Financial Advisors, Inc. Reduced -5,023-5.0k
MML INVESTORS SERVICES, LLC Reduced -4,618-4.6k
TIAA TRUST, NATIONAL ASSOCIATION Sold out -4,243-4.2k
Sageworth Trust Co Reduced -4,010-4.0k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -3,665-3.7k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Reduced -2,775-2.8k
F/m Investments LLC Sold out -2,517-2.5k
SageView Advisory Group, LLC Reduced -2,252-2.3k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NORTHERN TRUST CORP 0.18% of their portfolio CHICAGO, IL 5,711,8795.7m $1.4bn $1.4bn 0.18% Added +182.7k +182,739
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 181,409181.4k $43.8m $43.8m 0.00% Added +195 +195
3 Capstone Financial Advisors, Inc. 2.13% of their portfolio DOWNERS GROVE, IL 163,533163.5k $39.5m $39.5m 2.13% Reduced -5.0k -5,023
4 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 136,341136.3k $32.9m $32.9m 0.01% Added +5.3k +5,254
5 COMMONWEALTH EQUITY SERVICES, LLC 0.04% of their portfolio WALTHAM, MA 106,355106.4k $25.7m $25.7m 0.04% Reduced -3.7k -3,665
6 RVW Wealth, LLC 1.28% of their portfolio LOS ANGELES, CA 68,29368.3k $16.5m $16.5m 1.28% Reduced -1.8k -1,786
7 Sageworth Trust Co 0.69% of their portfolio LANCASTER, PA 66,53266.5k $16.1m $16.1m 0.69% Reduced -4.0k -4,010
8 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 64,85164.9k $15.7m $15.7m 0.01% Added +63.2k +63,189
9 SageView Advisory Group, LLC 0.56% of their portfolio Newport Beach, CA 63,18963.2k $15.3m $15.3m 0.56% Reduced -2.3k -2,252
10 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 35,75235.8k $8.6m $8.6m 0.02% Reduced -4.6k -4,618
11 Clear Point Advisors Inc. 1.49% of their portfolio MELVILLE, NY 33,26433.3k $1.9m $1.9m 1.49% New
12 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 29,45229.5k $7.1m $7.1m 0.00% Reduced -1.3k -1,326
13 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 28,83728.8k $7.0m $7.0m 0.01% Added +440 +440
14 SENTINEL TRUST CO LBA 0.61% of their portfolio HOUSTON, TX 25,61425.6k $6.2m $6.2m 0.61% Reduced -426 -426
15 Trace Wealth Advisors, LLC 4.43% of their portfolio Los Angeles, CA 24,50824.5k $5.9m $5.9m 4.43% Unchanged
16 Greenspring Advisors, LLC 0.35% of their portfolio Towson, MD 23,71323.7k $5.7m $5.7m 0.35% Reduced -1.1k -1,096
17 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 20,89520.9k $5.0m $5.0m 0.01% Reduced -179 -179
18 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 18,62618.6k $4.5m $4.5m 0.00% Reduced -367 -367
19 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 17,31217.3k $4.2m $4.2m 0.01% Reduced -17.5k -17,502
20 Efficient Advisors, LLC 0.26% of their portfolio BEAVERTON, OR 15,05515.1k $3.6m $3.6m 0.26% Reduced -1.6k -1,606
21 UBS Group AG 0.00% of their portfolio ZURICH, V8 14,74314.7k $3.6m $3.6m 0.00% Added +215 +215
22 Goldstein Advisors, LLC 0.37% of their portfolio Madison, WI 13,83713.8k $3.3m $3.3m 0.37% Reduced -145 -145
23 Ballentine Capital Advisors, Inc 1.22% of their portfolio GREENVILLE, SC 12,19412.2k $2.9m $2.9m 1.22% Reduced -76 -76
24 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 12,14912.1k $2.9m $2.9m 0.00% Reduced -96 -96
25 Discipline Wealth Solutions, LLC 0.28% of their portfolio GREENVILLE, SC 10,85810.9k $2.6m $2.6m 0.28% Added +1.1k +1,083
26 AMG National Trust Bank 0.06% of their portfolio GREENWOOD VILLAGE, CO 10,69910.7k $2.6m $2.6m 0.06% Unchanged
27 BRIDGES INVESTMENT MANAGEMENT INC 0.03% of their portfolio OMAHA, NE 10,11710.1k $2.4m $2.4m 0.03% Unchanged
28 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 7,9928.0k $1.9m $1.9m 0.00% Added +1.3k +1,293
29 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 7,9608.0k $1.9m $1.9m 0.00% Reduced -26.2k -26,194
30 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 7,2687.3k $1.8m $1.8m 0.00% Added +5.3k +5,316
31 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 6,8616.9k $1.7m $1.7m 0.00% Unchanged
32 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 6,7796.8k $1.6m $1.6m 0.01% Reduced -112 -112
33 Wealthspire Advisors, LLC 0.01% of their portfolio NEW YORK, NY 6,5926.6k $1.6m $1.6m 0.01% Unchanged
34 Greenfield Savings Bank 0.57% of their portfolio GREENFIELD, MA 5,5005.5k $1.3m $1.3m 0.57% Unchanged
35 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 4,8444.8k $1.2m $1.2m 0.00% Reduced -1.2k -1,249
36 WealthPlan Investment Management, LLC 0.06% of their portfolio OMAHA, NE 4,5394.5k $1.1m $1.1m 0.06% New
37 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 4,5004.5k $1.1m $1.1m 0.00% Reduced -1.4k -1,429
38 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 4,3934.4k $1.1m $1.1m 0.00% Added +674 +674
39 TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC 0.00% of their portfolio CHARLOTTE, NC 4,2434.2k $1.0m $1.0m 0.00% First filing
40 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 3,8393.8k $926.6k $926.6k 0.00% Reduced -206 -206
41 Rothschild Wealth LLC 0.08% of their portfolio OAK BROOK, IL 3,7703.8k $910.0k $910.0k 0.08% New
42 VICTORY FINANCIAL GROUP, LLC 0.11% of their portfolio AUSTIN, TX 3,6853.7k $889.4k $889.4k 0.11% Added +559 +559
43 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 3,6663.7k $884.9k $884.9k 0.00% Reduced -29 -29
44 Plante Moran Financial Advisors, LLC 0.06% of their portfolio SOUTHFIELD, MI 3,5383.5k $854.0k $854.0k 0.06% Unchanged
45 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 3,3113.3k $799.1k $799.1k 0.00% Reduced -2.8k -2,775
46 KEYBANK NATIONAL ASSOCIATION/OH 0.00% of their portfolio BROOKLYN, OH 3,2883.3k $793.6k $793.6k 0.00% Unchanged
47 UMB Bank, n.a. 0.01% of their portfolio Kansas City, MO 2,9362.9k $708.7k $708.7k 0.01% Unchanged
48 ZACKS INVESTMENT MANAGEMENT 0.01% of their portfolio Chicago, IL 2,9002.9k $700.0k $700.0k 0.01% Unchanged
49 Comprehensive Money Management Services LLC 0.45% of their portfolio CORAL GABLES, FL 2,8572.9k $689.6k $689.6k 0.45% Unchanged
50 BOKF, NA 0.01% of their portfolio TULSA, OK 2,8022.8k $676.3k $676.3k 0.01% Unchanged
51 VestGen Advisors, LLC 0.02% of their portfolio CHICAGO, IL 2,7712.8k $744.3k $744.3k 0.02% New
52 Vise Technologies, Inc. 0.01% of their portfolio NEW YORK, NY 2,7502.8k $683.9k $683.9k 0.01% Unchanged
53 Keating Financial Advisory Services, Inc. 0.11% of their portfolio MANHATTAN, KS 2,7452.7k $662.6k $662.6k 0.11% Unchanged
54 EJMK Ventures LLC 0.36% of their portfolio ITASCA, IL 2,6642.7k $643.0k $643.0k 0.36% Reduced -118 -118
55 PARK NATIONAL CORP /OH/ 0.02% of their portfolio NEWARK, OH 2,6132.6k $630.7k $630.7k 0.02% Reduced -55 -55
56 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 2,5962.6k $626.6k $626.6k 0.00% Unchanged
57 VestGen Investment Management 0.31% of their portfolio EGG HARBOR TOWNSHIP, NJ 2,3312.3k $562.6k $562.6k 0.31% Reduced -13 -13
58 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 2,2752.3k $549.2k $549.2k 0.00% Reduced -322 -322
59 FLOW TRADERS U.S. LLC 0.02% of their portfolio NEW YORK, NY 2,1492.1k $519.0k $519.0k 0.02% New
60 Essex Bank 0.11% of their portfolio Essex, CT 2,0452.0k $493.6k $493.6k 0.11% Unchanged
61 Kings Path Partners LLC 0.17% of their portfolio SUGAR LAND, TX 2,0352.0k $491.2k $491.2k 0.17% Unchanged
62 Portland Global Advisors LLC 0.05% of their portfolio PORTLAND, ME 2,0212.0k $487.8k $487.8k 0.05% Unchanged
63 Emerald Investment Advisers, LLC 0.04% of their portfolio LEOLA, PA 2,0002.0k $480.7k $480.7k 0.04% First filing
64 AWM CAPITAL, LLC 0.04% of their portfolio Phoenix, AZ 1,9632.0k $474.0k $474.0k 0.04% Added +4 +4
65 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 1,9331.9k $466.6k $466.6k 0.00% Added +153 +153
66 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 1,8831.9k $454.6k $454.6k 0.00% Added +2 +2
67 CIBC Bancorp USA Inc. 0.00% of their portfolio CHICAGO, IL 1,8001.8k $434.5k $434.5k 0.00% First filing
68 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 1,6761.7k $405.0k $405.0k 0.00% Unchanged
69 Envision Financial Transparency, LLC 0.39% of their portfolio GREENSBORO, NC 1,6441.6k $397.0k $397.0k 0.39% First filing
70 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 1,4801.5k $357.2k $357.2k 0.00% Unchanged
71 Wealth Architects, LLC 0.03% of their portfolio MOUNTAIN VIEW, CA 1,4481.4k $349.5k $349.5k 0.03% Reduced -84 -84
72 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 1,4001.4k $337.9k $337.9k 0.00% Unchanged
73 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 1,3861.4k $334.5k $334.5k 0.00% Reduced -5 -5
74 SeaCrest Wealth Management, LLC 0.03% of their portfolio PURCHASE, NY 1,3521.4k $326.3k $326.3k 0.03% New
75 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 1,3371.3k $322.7k $322.7k 0.00% New
76 Orca Investment Management, LLC 0.26% of their portfolio LAKE OSWEGO, OR 1,2431.2k $299.9k $299.9k 0.26% Reduced -99 -99
77 World Investment Advisors 0.00% of their portfolio LINCROFT, NJ 1,1941.2k $288.2k $288.2k 0.00% Unchanged
78 Vestmark Advisory Solutions, Inc. 0.00% of their portfolio Wakefield, MA 1,1941.2k $288.2k $288.2k 0.00% New
79 Valeo Financial Advisors, LLC 0.01% of their portfolio CARMEL, IN 1,0531.1k $254.2k $254.2k 0.01% Added +2 +2
80 M&T Bank Corp 0.00% of their portfolio BUFFALO, NY 1,0181.0k $245.7k $245.7k 0.00% Reduced -60 -60
81 L & S Advisors Inc 0.03% of their portfolio Los Angeles, CA 1,0171.0k $245.5k $245.5k 0.03% Reduced -42 -42
82 Aberdeen Wealth Management LLC 0.11% of their portfolio LAKE BLUFF, IL 1,0051.0k $242.6k $242.6k 0.11% Unchanged
83 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 926926 $223.5k $223.5k 0.00% Reduced -81 -81
84 Wealth Advisors of Tampa Bay, LLC 0.07% of their portfolio TAMPA, FL 916916 $221.1k $221.1k 0.07% Unchanged
85 MKT Advisors LLC 0.07% of their portfolio CARLSBAD, CA 839839 $205.2k $205.2k 0.07% Unchanged
86 Patriot Financial Group Insurance Agency, LLC 0.01% of their portfolio Westborough, MA 836836 $201.9k $201.9k 0.01% New
87 FMR LLC 0.00% of their portfolio BOSTON, MA 829829 $200.1k $200.1k 0.00% Unchanged
88 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 818818 $197.4k $197.4k 0.00% Added +648 +648
89 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 732732 $176.7k $176.7k 0.00% Unchanged
90 CoreCap Advisors, LLC 0.01% of their portfolio SOUTHFIELD, MI 732732 $176.7k $176.7k 0.01% Added +67 +67
91 Trifecta Capital Advisors, LLC 0.03% of their portfolio NORTHBROOK, IL 713713 $172.1k $172.1k 0.03% Unchanged
92 CNB Bank 0.07% of their portfolio CLEARFIELD, PA 644644 $155.4k $155.4k 0.07% Unchanged
93 Versant Capital Management, Inc 0.01% of their portfolio PHOENIX, AZ 600600 $144.8k $144.8k 0.01% Unchanged
94 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 587587 $141.7k $141.7k 0.00% New
95 IFG Advisory, LLC 0.40% of their portfolio ATLANTA, GA 577577 $139.3k $139.3k 0.40% New
96 GeoWealth Management, LLC 0.00% of their portfolio CHICAGO, IL 440440 $106.2k $106.2k 0.00% Added +21 +21
97 CURIO WEALTH, LLC 0.03% of their portfolio ANNAPOLIS, MD 335335 $80.9k $80.9k 0.03% Unchanged
98 GILL CAPITAL PARTNERS, LLC 0.02% of their portfolio DENVER, CO 257257 $62.0k $62.0k 0.02% New
99 WEST PACES ADVISORS INC. 0.01% of their portfolio ATLANTA, GA 243243 $58.7k $58.7k 0.01% Unchanged
100 Golden State Wealth Management, LLC 0.01% of their portfolio SANTA ANA, CA 227227 $55.0k $55.0k 0.01% Unchanged