Vault-13

FLEXSHARES TR TILT

MORNSTAR USMKT · ETP · CUSIP 33939L100

122 institutional holders +11 vs Q1 2026
7,364,1257.4m shares reported held*
$2.0bnreported value*
19 new 22 added 32 reduced 7 sold out net bought ≈ $84.4m (+280.4k 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 ($288.2k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $276.06.

Trends to Q2 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: 111Q2 26: 122122Q3 22Q3 23Q3 24Q3 25Q2 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
Q2 2026122

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q3 24: 18 bought or addedQ3 24: 37 cut or sold outQ4 24: 30 bought or addedQ4 24: 32 cut or sold outQ4 24Q1 25: 30 bought or addedQ1 25: 38 cut or sold outQ2 25: 21 bought or addedQ2 25: 45 cut or sold outQ2 25Q3 25: 21 bought or addedQ3 25: 43 cut or sold outQ4 25: 27 bought or addedQ4 25: 39 cut or sold outQ4 25Q1 26: 34 bought or addedQ1 26: 41 cut or sold outQ2 26: 41 bought or addedQ2 26: 39 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20241837
Q4 20243032
Q1 20253038
Q2 20252145
Q3 20252143
Q4 20252739
Q1 20263441
Q2 20264139

Biggest buyers

NORTHERN TRUST CORP Added +216,207+216.2k
MAI Capital Management New +35,684+35.7k
Cambridge Investment Research Advisors, Inc. Added +20,895+20.9k
ASSETMARK, INC Added +13,869+13.9k
MML INVESTORS SERVICES, LLC Added +8,289+8.3k
Indivisible Partners New +6,812+6.8k
Integrated Wealth Concepts LLC Added +6,730+6.7k
UBS Group AG Added +4,878+4.9k
BANK OF MONTREAL /CAN/ Added +4,691+4.7k
FIDUCIENT ADVISORS LLC New +3,500+3.5k

Biggest sellers

Clear Point Advisors Inc. Sold out -33,264-33.3k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -6,744-6.7k
Capstone Financial Advisors, Inc. Reduced -5,246-5.2k
Sageworth Trust Co Reduced -4,076-4.1k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -3,299-3.3k
MORGAN STANLEY Reduced -2,050-2.0k
Envision Financial Transparency, LLC Sold out -1,644-1.6k
WELLS FARGO & COMPANY/MN Reduced -1,349-1.3k
SageView Advisory Group, LLC Reduced -1,069-1.1k
Kestra Advisory Services, LLC Reduced -999-999

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NORTHERN TRUST CORP 0.19% of their portfolio CHICAGO, IL 5,928,0865.9m $1.6bn $1.6bn 0.19% Added +216.2k +216,207
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 179,359179.4k $49.5m $49.5m 0.00% Reduced -2.0k -2,050
3 Capstone Financial Advisors, Inc. 2.13% of their portfolio DOWNERS GROVE, IL 158,287158.3k $43.7m $43.7m 2.13% Reduced -5.2k -5,246
4 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 137,753137.8k $38.0m $38.0m 0.01% Added +1.4k +1,412
5 COMMONWEALTH EQUITY SERVICES, LLC 0.04% of their portfolio WALTHAM, MA 103,056103.1k $28.5m $28.5m 0.04% Reduced -3.3k -3,299
6 RVW Wealth, LLC 1.24% of their portfolio LOS ANGELES, CA 68,34668.3k $18.9m $18.9m 1.24% Added +53 +53
7 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 63,97264.0k $17.7m $17.7m 0.01% Reduced -879 -879
8 Sageworth Trust Co 0.68% of their portfolio LANCASTER, PA 62,45662.5k $17.2m $17.2m 0.68% Reduced -4.1k -4,076
9 SageView Advisory Group, LLC 0.56% of their portfolio Newport Beach, CA 62,12062.1k $17.1m $17.1m 0.56% Reduced -1.1k -1,069
10 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 44,04144.0k $12.2m $12.2m 0.02% Added +8.3k +8,289
11 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 41,79041.8k $11.5m $11.5m 0.01% Added +20.9k +20,895
12 MAI Capital Management 0.04% of their portfolio INDEPENDENCE, OH 35,68435.7k $9.9m $9.9m 0.04% New
13 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 30,99131.0k $8.6m $8.6m 0.00% Added +1.5k +1,539
14 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 28,83028.8k $8.0m $8.0m 0.01% Reduced -7 -7
15 SENTINEL TRUST CO LBA 0.63% of their portfolio HOUSTON, TX 25,61425.6k $7.1m $7.1m 0.63% Unchanged
16 Trace Wealth Advisors, LLC 4.43% of their portfolio Los Angeles, CA 24,50824.5k $6.8m $6.8m 4.43% Unchanged
17 Greenspring Advisors, LLC 0.37% of their portfolio Towson, MD 24,18324.2k $6.7m $6.7m 0.37% Added +470 +470
18 UBS Group AG 0.00% of their portfolio ZURICH, V8 19,62119.6k $5.4m $5.4m 0.00% Added +4.9k +4,878
19 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 17,29417.3k $4.8m $4.8m 0.01% Reduced -18 -18
20 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 17,27717.3k $4.8m $4.8m 0.00% Reduced -1.3k -1,349
21 ASSETMARK, INC 0.01% of their portfolio CONCORD, CA 13,93013.9k $3.8m $3.8m 0.01% Added +13.9k +13,869
22 Goldstein Advisors, LLC 0.35% of their portfolio Madison, WI 13,74813.7k $3.8m $3.8m 0.35% Reduced -89 -89
23 Integrated Wealth Concepts LLC 0.02% of their portfolio WALTHAM, MA 13,50913.5k $3.7m $3.7m 0.02% Added +6.7k +6,730
24 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 12,12212.1k $3.3m $3.3m 0.00% Reduced -27 -27
25 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 11,95912.0k $3.3m $3.3m 0.00% Added +4.7k +4,691
26 Ballentine Capital Advisors, Inc 1.21% of their portfolio GREENVILLE, SC 11,64211.6k $3.2m $3.2m 1.21% Reduced -552 -552
27 Discipline Wealth Solutions, LLC 0.26% of their portfolio GREENVILLE, SC 10,61010.6k $2.9m $2.9m 0.26% Reduced -248 -248
28 AMG National Trust Bank 0.06% of their portfolio GREENWOOD VILLAGE, CO 10,33810.3k $2.9m $2.9m 0.06% Reduced -361 -361
29 BRIDGES INVESTMENT MANAGEMENT INC 0.03% of their portfolio OMAHA, NE 10,11710.1k $2.8m $2.8m 0.03% Unchanged
30 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 7,7907.8k $2.2m $2.2m 0.00% Reduced -202 -202
31 Indivisible Partners 0.11% of their portfolio CLEARWATER, FL 6,8126.8k $1.9m $1.9m 0.11% New
32 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 6,6816.7k $1.8m $1.8m 0.00% Reduced -180 -180
33 Wealthspire Advisors, LLC 0.01% of their portfolio NEW YORK, NY 6,5926.6k $1.8m $1.8m 0.01% Unchanged
34 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 5,5835.6k $1.5m $1.5m 0.00% Added +739 +739
35 Greenfield Savings Bank 0.57% of their portfolio GREENFIELD, MA 5,4605.5k $1.5m $1.5m 0.57% Reduced -40 -40
36 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 5,3905.4k $1.5m $1.5m 0.00% Added +997 +997
37 VICTORY FINANCIAL GROUP, LLC 0.14% of their portfolio AUSTIN, TX 4,6674.7k $1.3m $1.3m 0.14% Added +982 +982
38 WealthPlan Investment Management, LLC 0.06% of their portfolio OMAHA, NE 4,5064.5k $1.2m $1.2m 0.06% Reduced -33 -33
39 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 4,5004.5k $1.3m $1.3m 0.00% Unchanged
40 TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC 0.00% of their portfolio CHARLOTTE, NC 4,2434.2k $1.2m $1.2m 0.00% Unchanged
41 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 3,8393.8k $1.1m $1.1m 0.00% Unchanged
42 Rothschild Wealth LLC 0.08% of their portfolio OAK BROOK, IL 3,7703.8k $1.0m $1.0m 0.08% Unchanged
43 Vise Technologies, Inc. 0.01% of their portfolio NEW YORK, NY 3,6063.6k $995.5k $995.5k 0.01% Added +856 +856
44 Plante Moran Financial Advisors, LLC 0.05% of their portfolio SOUTHFIELD, MI 3,5383.5k $976.7k $976.7k 0.05% Unchanged
45 FIDUCIENT ADVISORS LLC 0.14% of their portfolio Chicago, IL 3,5003.5k $966.2k $966.2k 0.14% New
46 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 3,3113.3k $914.0k $914.0k 0.00% Unchanged
47 KEYBANK NATIONAL ASSOCIATION/OH 0.00% of their portfolio BROOKLYN, OH 3,2883.3k $907.7k $907.7k 0.00% Unchanged
48 UMB Bank, n.a. 0.01% of their portfolio Kansas City, MO 2,9362.9k $810.5k $810.5k 0.01% Unchanged
49 ZACKS INVESTMENT MANAGEMENT 0.01% of their portfolio Chicago, IL 2,9002.9k $800.6k $800.6k 0.01% Unchanged
50 Comprehensive Money Management Services LLC 0.50% of their portfolio CORAL GABLES, FL 2,8572.9k $788.7k $788.7k 0.50% Unchanged
51 BOKF, NA 0.01% of their portfolio TULSA, OK 2,8022.8k $773.5k $773.5k 0.01% Unchanged
52 Keating Financial Advisory Services, Inc. 0.10% of their portfolio MANHATTAN, KS 2,7452.7k $757.8k $757.8k 0.10% Unchanged
53 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 2,6672.7k $736.3k $736.3k 0.00% Reduced -999 -999
54 PARK NATIONAL CORP /OH/ 0.02% of their portfolio NEWARK, OH 2,6122.6k $721.1k $721.1k 0.02% Reduced -1 -1
55 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 2,5962.6k $716.7k $716.7k 0.00% Unchanged
56 VestGen Advisors, LLC 0.02% of their portfolio CHICAGO, IL 2,5602.6k $706.7k $706.7k 0.02% Reduced -211 -211
57 FLOW TRADERS U.S. LLC 0.03% of their portfolio NEW YORK, NY 2,5502.5k $704.0k $704.0k 0.03% Added +401 +401
58 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 2,4772.5k $683.8k $683.8k 0.00% New
59 VestGen Investment Management 0.31% of their portfolio EGG HARBOR TOWNSHIP, NJ 2,1422.1k $591.3k $591.3k 0.31% Reduced -189 -189
60 Essex Bank 0.12% of their portfolio Essex, CT 2,0452.0k $564.5k $564.5k 0.12% Unchanged
61 Kings Path Partners LLC 0.15% of their portfolio SUGAR LAND, TX 2,0302.0k $560.4k $560.4k 0.15% Reduced -5 -5
62 Portland Global Advisors LLC 0.05% of their portfolio PORTLAND, ME 2,0212.0k $557.9k $557.9k 0.05% Unchanged
63 Emerald Investment Advisers, LLC 0.04% of their portfolio LEOLA, PA 2,0002.0k $552.6k $552.6k 0.04% Unchanged
64 AWM CAPITAL, LLC 0.04% of their portfolio Phoenix, AZ 1,9512.0k $538.6k $538.6k 0.04% Reduced -12 -12
65 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 1,9451.9k $537.0k $537.0k 0.00% Added +12 +12
66 Mariner, LLC 0.00% of their portfolio Overland Park, KS 1,9101.9k $527.4k $527.4k 0.00% New
67 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 1,8271.8k $504.4k $504.4k 0.00% New
68 CIBC Bancorp USA Inc. 0.00% of their portfolio CHICAGO, IL 1,8001.8k $496.9k $496.9k 0.00% Unchanged
69 EJMK Ventures LLC 0.22% of their portfolio ITASCA, IL 1,7891.8k $493.9k $493.9k 0.22% Reduced -875 -875
70 ANGELES WEALTH MANAGEMENT, LLC 0.02% of their portfolio SANTA MONICA, CA 1,7241.7k $475.9k $475.9k 0.02% New
71 BOK Financial Private Wealth, Inc. 0.02% of their portfolio DENVER, CO 1,7181.7k $474.3k $474.3k 0.02% New
72 VAQUERO PRIVATE WEALTH, LTD 0.10% of their portfolio DALLAS, TX 1,7001.7k $469.3k $469.3k 0.10% First filing
73 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 1,6761.7k $463.0k $463.0k 0.00% Unchanged
74 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 1,6671.7k $460.2k $460.2k 0.00% New
75 SeaCrest Wealth Management, LLC 0.05% of their portfolio PURCHASE, NY 1,6331.6k $450.8k $450.8k 0.05% Added +281 +281
76 QUADRANT CAPITAL GROUP LLC 0.01% of their portfolio CINCINNATI, OH 1,4901.5k $411.3k $411.3k 0.01% New
77 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 1,4801.5k $408.6k $408.6k 0.00% Unchanged
78 Wealth Architects, LLC 0.03% of their portfolio MOUNTAIN VIEW, CA 1,4481.4k $399.7k $399.7k 0.03% Unchanged
79 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 1,4001.4k $386.5k $386.5k 0.00% Unchanged
80 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 1,3841.4k $382.1k $382.1k 0.00% Reduced -2 -2
81 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 1,3611.4k $375.9k $375.9k 0.00% Reduced -522 -522
82 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 1,3451.3k $371.4k $371.4k 0.00% Reduced -930 -930
83 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 1,3371.3k $369.1k $369.1k 0.00% Unchanged
84 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 1,2161.2k $335.7k $335.7k 0.00% Reduced -6.7k -6,744
85 Orca Investment Management, LLC 0.24% of their portfolio LAKE OSWEGO, OR 1,1951.2k $329.8k $329.8k 0.24% Reduced -48 -48
86 World Investment Advisors 0.00% of their portfolio LINCROFT, NJ 1,1941.2k $288.2k $288.2k 0.00% Unchanged
87 Vestmark Advisory Solutions, Inc. 0.00% of their portfolio Wakefield, MA 1,1941.2k $329.6k $329.6k 0.00% Unchanged
88 Valeo Financial Advisors, LLC 0.01% of their portfolio CARMEL, IN 1,0561.1k $291.6k $291.6k 0.01% Added +3 +3
89 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 1,0211.0k $281.9k $281.9k 0.00% Added +95 +95
90 L & S Advisors Inc 0.03% of their portfolio Los Angeles, CA 1,0171.0k $280.8k $280.8k 0.03% Unchanged
91 Aberdeen Wealth Management LLC 0.13% of their portfolio LAKE BLUFF, IL 1,0051.0k $277.4k $277.4k 0.13% Unchanged
92 M&T Bank Corp 0.00% of their portfolio BUFFALO, NY 981981 $270.8k $270.8k 0.00% Reduced -37 -37
93 Wealth Advisors of Tampa Bay, LLC 0.08% of their portfolio TAMPA, FL 916916 $252.9k $252.9k 0.08% Unchanged
94 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 883883 $243.8k $243.8k 0.00% Added +65 +65
95 MKT Advisors LLC 0.07% of their portfolio CARLSBAD, CA 839839 $231.7k $231.7k 0.07% Unchanged
96 FMR LLC 0.00% of their portfolio BOSTON, MA 829829 $228.9k $228.9k 0.00% Unchanged
97 Focus Partners Advisor Solutions, LLC 0.00% of their portfolio SAINT LOUIS, MO 817817 $225.6k $225.6k 0.00% New
98 Geometric Wealth Advisors 0.02% of their portfolio WASHINGTON, DC 814814 $224.7k $224.7k 0.02% New
99 First Heartland Consultants, Inc. 0.01% of their portfolio LAKE ST. LOUIS, MO 807807 $222.8k $222.8k 0.01% New
100 Atria Investments, Inc 0.00% of their portfolio Charlotte, NC 807807 $222.8k $222.8k 0.00% New