Vault-13

FLEXSHARES TR GUNR

MORNSTAR UPSTR · ETP · CUSIP 33939L407

294 institutional holders +16 vs Q4 2022
159,581,117159.6m shares reported held*
$6.7bnreported value*
38 new 127 added 78 reduced 21 sold out net bought ≈ $252.6m (+6.0m 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 ($628.3k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $42.26. Options: 1 managers hold calls ($0 notional), 0 hold puts (—).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 274Q4 22: 278Q1 23: 294294Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022274
Q4 2022278
Q1 2023294

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 22: 128 bought or addedQ4 22: 131 cut or sold outQ4 22Q1 23: 165 bought or addedQ1 23: 99 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022128131
Q1 202316599

Biggest buyers

NORTHERN TRUST CORP Added +4,540,962+4.5m
JANE STREET GROUP, LLC New +2,292,631+2.3m
1832 Asset Management L.P. Added +1,073,287+1.1m
EQUITABLE TRUST CO Added +317,414+317.4k
CENTRAL TRUST Co Added +265,457+265.5k
CAPITAL WEALTH MANAGEMENT, LLC Added +261,682+261.7k
Glassy Mountain Advisors, Inc. New +230,000+230.0k
Valmark Advisers, Inc. Added +100,958+101.0k
Cullen/Frost Bankers, Inc. Added +93,686+93.7k
ROYAL BANK OF CANADA Added +92,826+92.8k

Biggest sellers

Advance Capital Management, Inc. Reduced -1,240,876-1.2m
BlueCrest Capital Management Ltd Sold out -574,760-574.8k
TORONTO DOMINION BANK Sold out -544,000-544.0k
VICTORY CAPITAL MANAGEMENT INC Sold out -341,011-341.0k
Cambria Investment Management, L.P. Sold out -313,648-313.6k
BANK OF AMERICA CORP /DE/ Reduced -216,218-216.2k
SVB WEALTH LLC Reduced -201,143-201.1k
Alaska Permanent Capital Management, LLC Reduced -182,728-182.7k
MORGAN STANLEY Reduced -95,723-95.7k
WELLS FARGO & COMPANY/MN Reduced -93,050-93.0k

Biggest calls

CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

None

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NORTHERN TRUST CORP 0.98% of their portfolio CHICAGO, IL 116,747,191116.7m $4.9bn $4.9bn 0.98% Added +4.5m +4,540,962
2 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 2,714,4862.7m $114.8m $114.8m 0.01% Reduced -95.7k -95,723
3 Valmark Advisers, Inc. 2.39% of their portfolio AKRON, OH 2,626,0392.6m $111.1m $111.1m 2.39% Added +101.0k +100,958
4 BESSEMER GROUP INC 0.26% of their portfolio WOODBRIDGE, NJ 2,564,4702.6m $108.5m $108.5m 0.26% Reduced -1.8k -1,799
5 EVOKE WEALTH, LLC 3.61% of their portfolio Los Angeles, CA 2,449,3312.4m $98.9m $98.9m 3.61% Added +75.1k +75,139
6 JANE STREET GROUP, LLC 0.17% of their portfolio NEW YORK, NY 2,292,6312.3m $97.0m $97.0m 0.17% New
7 Cullen/Frost Bankers, Inc. 1.49% of their portfolio San Antonio, TX 1,926,2441.9m $81.5m $81.5m 1.49% Added +93.7k +93,686
8 1832 Asset Management L.P. 0.14% of their portfolio TORONTO, A6 1,665,4471.7m $70.4m $70.4m 0.14% Added +1.1m +1,073,287
9 Capital Analysts, LLC 2.82% of their portfolio FORT WASHINGTON, PA 1,165,9181.2m $49.3m $49.3m 2.82% Added +56.7k +56,747
10 EQUITABLE TRUST CO 3.81% of their portfolio NASHVILLE, TN 1,142,5171.1m $48.3m $48.3m 3.81% Added +317.4k +317,414
11 UBS Group AG 0.02% of their portfolio ZURICH, V8 1,107,9281.1m $46.9m $46.9m 0.02% Added +29.8k +29,768
12 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 1,077,7731.1m $45.6m $45.6m 0.02% Reduced -7.0k -7,043
13 NBT BANK, N.A. 6.62% of their portfolio NORWICH, NY 1,071,7411.1m $45.3m $45.3m 6.62% Added +20.1k +20,112
14 Hills Bank & Trust Co 5.57% of their portfolio North Liberty, IA 952,581952.6k $40.3m $40.3m 5.57% Added +21.4k +21,433
15 CONNABLE OFFICE INC 5.26% of their portfolio KALAMAZOO, MI 856,643856.6k $36.2m $36.2m 5.26% Reduced -86.4k -86,400
16 MOLLER WEALTH PARTNERS 10.21% of their portfolio NORTHFIELD, IL 783,039783.0k $33.1m $33.1m 10.21% Added +15.9k +15,936
17 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 713,849713.8k $30.2m $30.2m 0.01% Unchanged
18 SVB WEALTH LLC 0.41% of their portfolio BOSTON, MA 699,109699.1k $29.6m $29.6m 0.41% Reduced -201.1k -201,143
19 Raymond James Financial Services Advisors, Inc. 0.04% of their portfolio ST. PETERSBURG, FL 513,001513.0k $21.7m $21.7m 0.04% Reduced -43.8k -43,810
20 CITIZENS & NORTHERN CORP 8.20% of their portfolio WELLSBORO, PA 496,781496.8k $21.0m $21.0m 8.20% Added +1.5k +1,504
21 Advance Capital Management, Inc. 3.66% of their portfolio SOUTHFIELD, MI 486,118486.1k $20.6m $20.6m 3.66% Reduced -1.2m -1,240,876
22 VPR Management LLC 4.25% of their portfolio HOUSTON, TX 482,500482.5k $20.4m $20.4m 4.25% Unchanged
23 Landmark Financial Advisors, LLC 8.25% of their portfolio Bowling Green, KY 443,957444.0k $18.8m $18.8m 8.25% Added +30.2k +30,232
24 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 420,813420.8k $17.8m $17.8m 0.00% Reduced -216.2k -216,218
25 Beacon Pointe Advisors, LLC 0.30% of their portfolio NEWPORT BEACH, CA 413,689413.7k $17.5m $17.5m 0.30% Added +24.0k +23,996
26 Aaron Wealth Advisors LLC 2.38% of their portfolio Chicago, IL 410,020410.0k $17.3m $17.3m 2.38% Added +41.5k +41,525
27 Pure Financial Advisors, LLC 0.79% of their portfolio SAN DIEGO, CA 400,887400.9k $17.0m $17.0m 0.79% Added +417 +417
28 Versant Capital Management, Inc 5.65% of their portfolio PHOENIX, AZ 397,308397.3k $16.8m $16.8m 5.65% Added +1.0k +1,049
29 Pasadena Private Wealth, LLC 4.30% of their portfolio PASADENA, CA 351,258351.3k $14.9m $14.9m 4.30% Reduced -36.6k -36,586
30 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 328,099328.1k $13.9m $13.9m 0.01% Added +38.0k +38,017
31 Enterprise Bank & Trust Co 5.86% of their portfolio LOWELL, MA 320,780320.8k $13.6m $13.6m 5.86% Added +21.9k +21,881
32 Cornerstone National Bank & Trust Co 7.29% of their portfolio PALATINE, IL 316,476316.5k $13.4m $13.4m 7.29% Reduced -479 -479
33 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 316,285316.3k $13.4m $13.4m 0.00% Added +92.8k +92,826
34 Colony Family Offices, LLC 5.02% of their portfolio CHARLOTTE, NC 309,767309.8k $13.1m $13.1m 5.02% Reduced -11.2k -11,200
35 Centerpoint Advisors, LLC 5.46% of their portfolio NEEDHAM, MA 296,832296.8k $12.6m $12.6m 5.46% Added +12.1k +12,065
36 Navalign, LLC 5.20% of their portfolio ENCINO, CA 293,948293.9k $12.4m $12.4m 5.20% Reduced -729 -729
37 CAPITAL WEALTH MANAGEMENT, LLC 7.05% of their portfolio W. WARWICK, RI 290,164290.2k $12.3m $12.3m 7.05% Added +261.7k +261,682
38 CENTRAL TRUST Co 0.33% of their portfolio JEFFERSON CITY, MO 268,077268.1k $11.3m $11.3m 0.33% Added +265.5k +265,457
39 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 265,875265.9k $11.2m $11.2m 0.00% Reduced -93.0k -93,050
40 GREENLEAF TRUST 0.13% of their portfolio KALAMAZOO, MI 262,966263.0k $11.1m $11.1m 0.13% Reduced -10.7k -10,668
41 Farmers National Bank 3.88% of their portfolio DANVILLE, KY 258,977259.0k $11.0m $11.0m 3.88% Added +5.9k +5,856
42 WCG Wealth Advisors LLC 1.35% of their portfolio LAS VEGAS, NV 249,207249.2k $10.5m $10.5m 1.35% Added +12.8k +12,824
43 VeraBank, N.A. 4.62% of their portfolio HENDERSON, TX 234,348234.3k $9.9m $9.9m 4.62% Added +10.8k +10,797
44 Glassy Mountain Advisors, Inc. 6.99% of their portfolio BETHESDA, MD 230,000230.0k $9.7m $9.7m 6.99% New
45 Latigo Investments, LLC 6.99% of their portfolio FORT LAUDERDALE, FL 230,000230.0k $9.7m $9.7m 6.99% Unchanged
46 United Bank 5.28% of their portfolio Zebulon, GA 213,018213.0k $9.0m $9.0m 5.28% Added +41.7k +41,706
47 Brio Consultants, LLC 1.63% of their portfolio SAN FRANCISCO, CA 207,991208.0k $8.8m $8.8m 1.63% Added +8.3k +8,278
48 Pathway Financial Advisors LLC 2.95% of their portfolio SOUTH BURLINGTON, VT 206,678206.7k $8.7m $8.7m 2.95% Reduced -511 -511
49 LaSalle St. Investment Advisors, LLC 3.79% of their portfolio ELMHURST, IL 202,802202.8k $8.6m $8.6m 3.79% Added +90.6k +90,576
50 PINNACLE ASSOCIATES LTD 0.17% of their portfolio NEW YORK, NY 199,868199.9k $8.5m $8.5m 0.17% Added +1.9k +1,911
51 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 170,175170.2k $7.2m $7.2m 0.00% Added +13.2k +13,213
52 Paragon Capital Management Ltd 1.61% of their portfolio DENVER, CO 166,167166.2k $7.0m $7.0m 1.61% Added +3.3k +3,263
53 Walkner Condon Financial Advisors LLC 1.91% of their portfolio MADISON, WI 161,197161.2k $6.8m $6.8m 1.91% Reduced -6.0k -6,022
54 Clark Capital Management Group, Inc. 0.08% of their portfolio PHILADELPHIA, PA 160,979161.0k $6.8m $6.8m 0.08% Added +77.6k +77,580
55 Wealthcare Advisory Partners LLC 0.29% of their portfolio WEST CHESTER, PA 157,232157.2k $6.6m $6.6m 0.29% Reduced -1.0k -1,025
56 Traverso Chambers Private Wealth Management, LLC 1.72% of their portfolio SANTA ROSA, CA 148,026148.0k $6.3m $6.3m 1.72% Reduced -9.4k -9,370
57 Money Design Co.,Ltd. 0.34% of their portfolio TOKYO, M0 137,986138.0k $5.8m $5.8m 0.34% Reduced -92.4k -92,390
58 Fortis Advisors, LLC 2.76% of their portfolio WAYNE, PA 130,976131.0k $4.2m $4.2m 2.76% Reduced -4.2k -4,162
59 TD PRIVATE CLIENT WEALTH LLC 0.24% of their portfolio NEW YORK, NY 126,098126.1k $5.3m $5.3m 0.24% Added +6.8k +6,782
60 Boltwood Capital Management 1.98% of their portfolio WALNUT CREEK, CA 125,415125.4k $5.3m $5.3m 1.98% Added +7.7k +7,732
61 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 123,357123.4k $5.2m $5.2m 0.01% Reduced -3.7k -3,739
62 LAKE STREET ADVISORS GROUP, LLC 0.32% of their portfolio PORTSMOUTH, NH 121,184121.2k $5.1m $5.1m 0.32% Added +475 +475
63 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 118,237118.2k $5.0m $5.0m 0.01% Added +10.7k +10,701
64 FDx Advisors, Inc. 0.19% of their portfolio BERWYN, PA 99,81699.8k $4.3m $4.3m 0.19% Unchanged
65 ARKANSAS FINANCIAL GROUP, INC. 0.87% of their portfolio LITTLE ROCK, AR 99,07699.1k $4.2m $4.2m 0.87% Added +3.7k +3,734
66 WEST MICHIGAN ADVISORS, LLC 2.31% of their portfolio HOLLAND, MI 96,18396.2k $4.1m $4.1m 2.31% Added +4.7k +4,710
67 S. R. Schill & Associates 1.77% of their portfolio MERCER ISLAND, WA 90,50690.5k $3.8m $3.8m 1.77% Added +1.6k +1,650
68 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 89,22089.2k $3.8m $3.8m 0.03% Reduced -7.9k -7,938
69 Alaska Wealth Advisors, LLC 0.60% of their portfolio ANCHORAGE, AK 85,38985.4k $3.6m $3.6m 0.60% Added +1.2k +1,185
70 CVA Family Office, LLC 0.80% of their portfolio DENVER, CO 84,30084.3k $3.6m $3.6m 0.80% Reduced -11.8k -11,755
71 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 84,02084.0k $3.6m $3.6m 0.00% Added +432 +432
72 NICOLET ADVISORY SERVICES, LLC 0.41% of their portfolio GREEN BAY, WI 83,55883.6k $3.6m $3.6m 0.41% Reduced -6.0k -5,952
73 PARK NATIONAL CORP /OH/ 0.15% of their portfolio NEWARK, OH 80,32280.3k $3.4m $3.4m 0.15% Reduced -551 -551
74 Noble Family Wealth, LLC 1.14% of their portfolio Clearwater, FL 79,18579.2k $3.3m $3.3m 1.14% First filing
75 Denver PWM, LLC 1.40% of their portfolio DENVER, CO 76,04676.0k $3.2m $3.2m 1.40% Added +2.1k +2,098
76 MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio DENVER, CO 75,70975.7k $3.2m $3.2m 0.01% Added +10.7k +10,696
77 Regis Acquisition Inc. 1.47% of their portfolio DENVER, CO 73,33073.3k $3.1m $3.1m 1.47% First filing
78 AXXCESS WEALTH MANAGEMENT, LLC 0.24% of their portfolio CARLSBAD, CA 72,82672.8k $3.1m $3.1m 0.24% Added +361 +361
79 STAPP WEALTH MANAGEMENT, PLLC 4.17% of their portfolio OLYMPIA, WA 71,89271.9k $3.0m $3.0m 4.17% Added +17.1k +17,090
80 Independence Bank of Kentucky 1.31% of their portfolio OWENSBORO, KY 71,09571.1k $3.0m $3.0m 1.31% Reduced -355 -355
81 Israel Discount Bank of New York 2.20% of their portfolio NEW YORK, NY 69,26369.3k $2.9m $2.9m 2.20% Added +15.3k +15,336
82 ADVANCED RESEARCH INVESTMENT SOLUTIONS, LLC 1.67% of their portfolio Los Angeles, CA 69,03269.0k $2.9m $2.9m 1.67% Reduced -600 -600
83 TIEDEMANN ADVISORS, LLC 0.13% of their portfolio NEW YORK, NY 65,96766.0k $2.8m $2.8m 0.13% Added +15.0k +15,048
84 Black Swift Group, LLC 0.95% of their portfolio BOULDER, CO 65,74465.7k $2.7m $2.7m 0.95% Reduced -83.8k -83,838
85 Pinnacle Wealth Management Advisory Group, LLC 0.37% of their portfolio RED BANK, NJ 65,61065.6k $2.8m $2.8m 0.37% Added +2.3k +2,320
86 CHOREO, LLC 0.10% of their portfolio ROCKFORD, IL 65,53765.5k $2.8m $2.8m 0.10% Added +51.8k +51,792
87 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 62,72262.7k $2.7m $2.7m 0.02% Reduced -31.8k -31,756
88 Wealthfront Advisers LLC 0.01% of their portfolio Palo Alto, CA 59,24659.2k $2.5m $2.5m 0.01% Added +25.0k +25,021
89 Provident Wealth Management, LLC 1.28% of their portfolio BRENTWOOD, TN 59,09259.1k $2.5m $2.5m 1.28% Added +89 +89
90 Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio SEOUL, M5 57,50057.5k $2.4m $2.4m 0.01% Reduced -1.6k -1,600
91 Stelac Advisory Services LLC 1.05% of their portfolio NEW YORK, NY 57,21557.2k $2.4m $2.4m 1.05% Reduced -7.2k -7,226
92 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 55,06755.1k $2.3m $2.3m 0.00% Reduced -67.2k -67,190
93 Cetera Advisor Networks LLC 0.02% of their portfolio EL SEGUNDO, CA 54,11154.1k $2.3m $2.3m 0.02% Added +3.2k +3,198
94 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 53,99754.0k $2.3m $2.3m 0.00% Added +7.5k +7,508
95 Financial Advocates Investment Management 0.17% of their portfolio OLYMPIA, WA 52,81852.8k $2.2m $2.2m 0.17% Added +65 +65
96 Sowell Financial Services LLC 0.17% of their portfolio NORTH LITTLE ROCK, AR 51,01151.0k $2.2m $2.2m 0.17% Added +489 +489
97 SeaBridge Investment Advisors LLC 0.72% of their portfolio SUMMIT, NJ 48,54248.5k $2.1m $2.1m 0.72% Added +2.2k +2,237
98 FIDUCIENT ADVISORS LLC 0.66% of their portfolio Chicago, IL 48,14748.1k $2.0m $2.0m 0.66% Added +2.7k +2,670
99 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 44,47244.5k $1.9m $1.9m 0.00% Reduced -18.8k -18,815
100 Fermata Advisors, LLC 1.11% of their portfolio SONOMA, CA 43,46643.5k $1.8m $1.8m 1.11% Reduced -50.6k -50,553