Vault-13

FLEXSHARES TR GUNR

MORNSTAR UPSTR · ETP · CUSIP 33939L407

295 institutional holders +8 vs Q3 2023
156,231,383156.2m shares reported held*
$6.4bnreported value*
21 new 100 added 105 reduced 24 sold out net sold ≈ $341.8m (-8.3m 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 ($463.1k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $40.95. Options: 1 managers hold calls ($0 notional), 0 hold puts (—).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 274Q4 22: 278Q1 23: 294Q2 23: 290Q3 23: 287Q4 23: 295295Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022274
Q4 2022278
Q1 2023294
Q2 2023290
Q3 2023287
Q4 2023295

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 23Q2 23: 130 bought or addedQ2 23: 140 cut or sold outQ2 23Q3 23: 129 bought or addedQ3 23: 131 cut or sold outQ3 23Q4 23: 121 bought or addedQ4 23: 129 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022128131
Q1 202316599
Q2 2023130140
Q3 2023129131
Q4 2023121129

Biggest buyers

MORGAN STANLEY Added +2,285,782+2.3m
OLD MISSION CAPITAL LLC New +601,023+601.0k
1832 Asset Management L.P. Added +507,392+507.4k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +367,296+367.3k
JANE STREET GROUP, LLC Added +318,151+318.2k
Orion Portfolio Solutions, LLC Added +281,969+282.0k
Orion Porfolio Solutions, LLC Added +281,969+282.0k
HORIZON BANCORP INC /IN/ Added +168,974+169.0k
ROYAL BANK OF CANADA Added +139,858+139.9k
CITADEL ADVISORS LLC Added +128,547+128.5k

Biggest sellers

NORTHERN TRUST CORP Reduced -9,826,100-9.8m
EVOKE WEALTH, LLC Reduced -2,576,383-2.6m
EQUITABLE TRUST CO Reduced -512,551-512.6k
ENVESTNET ASSET MANAGEMENT INC Reduced -227,294-227.3k
SVB WEALTH LLC Reduced -161,632-161.6k
Clark Capital Management Group, Inc. Sold out -130,839-130.8k
UBS Group AG Reduced -127,796-127.8k
LaSalle St. Investment Advisors, LLC Reduced -107,215-107.2k
OSAIC HOLDINGS, INC. Reduced -99,595-99.6k
Beacon Pointe Advisors, LLC Reduced -79,680-79.7k

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, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NORTHERN TRUST CORP 0.86% of their portfolio CHICAGO, IL 116,650,261116.7m $4.8bn $4.8bn 0.86% Reduced -9.8m -9,826,100
2 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 4,561,9884.6m $186.8m $186.8m 0.01% Added +2.3m +2,285,782
3 Valmark Advisers, Inc. 2.24% of their portfolio AKRON, OH 2,925,4352.9m $119.8m $119.8m 2.24% Added +75.0k +75,043
4 BESSEMER GROUP INC 0.21% of their portfolio WOODBRIDGE, NJ 2,645,2402.6m $108.3m $108.3m 0.21% Added +81.0k +81,000
5 1832 Asset Management L.P. 0.17% of their portfolio TORONTO, A6 2,224,6742.2m $91.1m $91.1m 0.17% Added +507.4k +507,392
6 Cullen/Frost Bankers, Inc. 1.27% of their portfolio San Antonio, TX 1,976,3362.0m $80.9m $80.9m 1.27% Reduced -79.1k -79,053
7 NBT BANK, N.A. 3.65% of their portfolio NORWICH, NY 1,136,9581.1m $46.6m $46.6m 3.65% Added +15.5k +15,501
8 Hills Bank & Trust Co 4.14% of their portfolio North Liberty, IA 1,034,3531.0m $42.4m $42.4m 4.14% Added +25.1k +25,118
9 MOLLER WEALTH PARTNERS 9.96% of their portfolio NORTHFIELD, IL 863,040863.0k $35.3m $35.3m 9.96% Added +45.6k +45,620
10 CONNABLE OFFICE INC 3.43% of their portfolio KALAMAZOO, MI 692,569692.6k $28.4m $28.4m 3.43% Reduced -15.1k -15,090
11 UBS Group AG 0.01% of their portfolio ZURICH, V8 635,416635.4k $26.0m $26.0m 0.01% Reduced -127.8k -127,796
12 OLD MISSION CAPITAL LLC 0.69% of their portfolio CHICAGO, IL 601,023601.0k $24.6m $24.6m 0.69% New
13 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 568,609568.6k $23.3m $23.3m 0.01% Reduced -227.3k -227,294
14 Capital Analysts, LLC 1.15% of their portfolio FORT WASHINGTON, PA 559,855559.9k $22.9m $22.9m 1.15% Reduced -23.8k -23,777
15 CITIZENS & NORTHERN CORP 7.91% of their portfolio WELLSBORO, PA 541,339541.3k $22.2m $22.2m 7.91% Reduced -9.5k -9,543
16 Landmark Financial Advisors, LLC 7.88% of their portfolio Bowling Green, KY 534,592534.6k $21.9m $21.9m 7.88% Reduced -11.3k -11,324
17 Raymond James Financial Services Advisors, Inc. 0.03% of their portfolio ST. PETERSBURG, FL 509,490509.5k $20.9m $20.9m 0.03% Added +4.5k +4,465
18 VPR Management LLC 5.34% of their portfolio HOUSTON, TX 502,203502.2k $20.6m $20.6m 5.34% Unchanged
19 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 494,328494.3k $20.2m $20.2m 0.00% Added +62.4k +62,367
20 Versant Capital Management, Inc 5.79% of their portfolio PHOENIX, AZ 473,983474.0k $19.4m $19.4m 5.79% Added +7.1k +7,061
21 Aaron Wealth Advisors LLC 3.21% of their portfolio Chicago, IL 472,529472.5k $19.4m $19.4m 3.21% Added +26.1k +26,146
22 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 468,151468.2k $19.2m $19.2m 0.02% Added +318.2k +318,151
23 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 464,565464.6k $19.0m $19.0m 0.00% Added +139.9k +139,858
24 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio BALA CYNWYD, PA 427,827427.8k $17.5m $17.5m 0.03% Added +367.3k +367,296
25 Pure Financial Advisors, LLC 0.57% of their portfolio SAN DIEGO, CA 401,667401.7k $16.4m $16.4m 0.57% Reduced -5.3k -5,328
26 Enterprise Bank & Trust Co 5.67% of their portfolio LOWELL, MA 389,243389.2k $15.9m $15.9m 5.67% Added +7.2k +7,213
27 CENTRAL TRUST Co 0.42% of their portfolio JEFFERSON CITY, MO 385,074385.1k $15.8m $15.8m 0.42% Reduced -15.9k -15,864
28 EQUITABLE TRUST CO 1.18% of their portfolio NASHVILLE, TN 384,636384.6k $15.8m $15.8m 1.18% Reduced -512.6k -512,551
29 SVB WEALTH LLC 0.37% of their portfolio BOSTON, MA 374,910374.9k $15.4m $15.4m 0.37% Reduced -161.6k -161,632
30 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 373,526373.5k $15.3m $15.3m 0.01% Added +46.6k +46,588
31 Colony Family Offices, LLC 4.81% of their portfolio CHARLOTTE, NC 339,605339.6k $13.9m $13.9m 4.81% Added +5.9k +5,934
32 Cornerstone National Bank & Trust Co 7.24% of their portfolio PALATINE, IL 329,985330.0k $13.5m $13.5m 7.24% Reduced -7.3k -7,282
33 Navalign, LLC 4.65% of their portfolio ENCINO, CA 325,409325.4k $13.3m $13.3m 4.65% Added +21.1k +21,050
34 Orion Porfolio Solutions, LLC 0.15% of their portfolio OMAHA, NE 312,423312.4k $12.6m $12.6m 0.15% Added +282.0k +281,969
35 Orion Portfolio Solutions, LLC 0.15% of their portfolio Omaha, NE 312,423312.4k $12.6m $12.6m 0.15% Added +282.0k +281,969
36 Centerpoint Advisors, LLC 4.97% of their portfolio NEEDHAM, MA 308,618308.6k $12.6m $12.6m 4.97% Added +4.2k +4,192
37 Farmers National Bank 3.96% of their portfolio DANVILLE, KY 301,523301.5k $12.3m $12.3m 3.96% Added +5.6k +5,638
38 STEPH & CO 5.93% of their portfolio MARINETTE, WI 294,658294.7k $12.1m $12.1m 5.93% Reduced -33.2k -33,228
39 United Bank 6.22% of their portfolio Zebulon, GA 275,387275.4k $11.3m $11.3m 6.22% Reduced -4.6k -4,585
40 VeraBank, N.A. 3.51% of their portfolio HENDERSON, TX 254,867254.9k $10.4m $10.4m 3.51% Added +9.3k +9,308
41 CAPITAL WEALTH MANAGEMENT, LLC 4.97% of their portfolio W. WARWICK, RI 238,216238.2k $9.8m $9.8m 4.97% Reduced -33.8k -33,768
42 Envestnet Portfolio Solutions, Inc. 0.04% of their portfolio BERWYN, PA 238,196238.2k $9.8m $9.8m 0.04% Reduced -15.6k -15,619
43 Latigo Investments, LLC 5.20% of their portfolio FORT LAUDERDALE, FL 230,000230.0k $9.4m $9.4m 5.20% Unchanged
44 Pasadena Private Wealth, LLC 2.20% of their portfolio PASADENA, CA 219,762219.8k $9.0m $9.0m 2.20% Added +9.9k +9,904
45 GREENLEAF TRUST 0.09% of their portfolio KALAMAZOO, MI 213,332213.3k $8.7m $8.7m 0.09% Added +8.7k +8,709
46 HORIZON BANCORP INC /IN/ 4.17% of their portfolio MICHIGAN CITY, IN 208,462208.5k $8.5m $8.5m 4.17% Added +169.0k +168,974
47 Pathway Financial Advisors LLC 2.32% of their portfolio SOUTH BURLINGTON, VT 196,117196.1k $8.0m $8.0m 2.32% Reduced -8.1k -8,123
48 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 188,683188.7k $7.7m $7.7m 0.00% Reduced -6.6k -6,631
49 Beacon Pointe Advisors, LLC 0.09% of their portfolio NEWPORT BEACH, CA 187,195187.2k $7.7m $7.7m 0.09% Reduced -79.7k -79,680
50 ARKANSAS FINANCIAL GROUP, INC. 1.37% of their portfolio LITTLE ROCK, AR 181,224181.2k $7.4m $7.4m 1.37% Added +58.1k +58,060
51 Wealthcare Advisory Partners LLC 0.29% of their portfolio WEST CHESTER, PA 175,456175.5k $7.2m $7.2m 0.29% Added +7.8k +7,840
52 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 173,932173.9k $7.1m $7.1m 0.00% Added +7.5k +7,522
53 Paragon Capital Management Ltd 1.44% of their portfolio DENVER, CO 171,427171.4k $7.0m $7.0m 1.44% Added +3.9k +3,911
54 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 167,301167.3k $6.9m $6.9m 0.01% Added +128.5k +128,547
55 Brio Consultants, LLC 1.14% of their portfolio SAN FRANCISCO, CA 157,415157.4k $6.4m $6.4m 1.14% Added +4.1k +4,073
56 Boltwood Capital Management 2.13% of their portfolio WALNUT CREEK, CA 157,082157.1k $6.4m $6.4m 2.13% Added +15.1k +15,105
57 Traverso Chambers Private Wealth Management, LLC 1.50% of their portfolio SANTA ROSA, CA 150,707150.7k $6.2m $6.2m 1.50% Added +1.6k +1,583
58 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 145,199145.2k $5.9m $5.9m 0.00% Added +50.0k +50,049
59 LAKE STREET ADVISORS GROUP, LLC 0.25% of their portfolio PORTSMOUTH, NH 121,689121.7k $5.0m $5.0m 0.25% Added +1.4k +1,351
60 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 119,385119.4k $4.9m $4.9m 0.01% Reduced -10.2k -10,243
61 Regis Acquisition Inc. 1.85% of their portfolio DENVER, CO 118,100118.1k $4.8m $4.8m 1.85% Added +40.8k +40,830
62 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 115,707115.7k $4.7m $4.7m 0.02% Reduced -20.7k -20,724
63 Austin Wealth Management, LLC 1.19% of their portfolio Austin, TX 114,762114.8k $4.4m $4.4m 1.19% Added +7.1k +7,054
64 Fermata Advisors, LLC 1.08% of their portfolio SONOMA, CA 111,062111.1k $4.5m $4.5m 1.08% Reduced -1.8k -1,756
65 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 108,822108.8k $4.5m $4.5m 0.01% Added +22.7k +22,730
66 IAG Wealth Partners, LLC 1.01% of their portfolio WAUKESHA, WI 108,412108.4k $4.4m $4.4m 1.01% Added +108.0k +108,038
67 Walkner Condon Financial Advisors LLC 0.99% of their portfolio MADISON, WI 106,606106.6k $4.4m $4.4m 0.99% Reduced -44.5k -44,539
68 PARK NATIONAL CORP /OH/ 0.18% of their portfolio NEWARK, OH 106,569106.6k $4.4m $4.4m 0.18% Reduced -2.0k -2,047
69 CoreCap Advisors, LLC 0.28% of their portfolio SOUTHFIELD, MI 106,532106.5k $4.4m $4.4m 0.28% Added +2.5k +2,548
70 S. R. Schill & Associates 1.85% of their portfolio MERCER ISLAND, WA 101,360101.4k $4.2m $4.2m 1.85% Added +6.6k +6,643
71 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 92,95493.0k $3.8m $3.8m 0.01% Reduced -99.6k -99,595
72 WEST MICHIGAN ADVISORS, LLC 1.42% of their portfolio HOLLAND, MI 91,57491.6k $3.7m $3.7m 1.42% Added +2.7k +2,654
73 NICOLET ADVISORY SERVICES, LLC 0.39% of their portfolio GREEN BAY, WI 90,48290.5k $3.7m $3.7m 0.39% Added +6.0k +6,024
74 CHOREO, LLC 0.09% of their portfolio ROCKFORD, IL 84,76084.8k $3.5m $3.5m 0.09% Added +26.9k +26,936
75 AXXCESS WEALTH MANAGEMENT, LLC 0.10% of their portfolio CARLSBAD, CA 83,93283.9k $3.4m $3.4m 0.10% Reduced -854 -854
76 Kestra Advisory Services, LLC 0.03% of their portfolio AUSTIN, TX 81,42681.4k $3.3m $3.3m 0.03% Added +55.2k +55,163
77 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 80,97781.0k $3.3m $3.3m 0.03% Reduced -19.3k -19,334
78 CVA Family Office, LLC 0.65% of their portfolio DENVER, CO 80,85380.9k $3.3m $3.3m 0.65% Reduced -2.8k -2,771
79 Fortis Advisors, LLC 2.36% of their portfolio WAYNE, PA 80,78080.8k $3.3m $3.3m 2.36% Reduced -502 -502
80 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 76,80076.8k $3.1m $3.1m 0.00% New
81 Money Design Co.,Ltd. 0.18% of their portfolio TOKYO, M0 76,73776.7k $3.1m $3.1m 0.18% Added +8.1k +8,055
82 FDx Advisors, Inc. 0.24% of their portfolio BERWYN, PA 76,65776.7k $3.1m $3.1m 0.24% Reduced -3.4k -3,385
83 Noble Family Wealth, LLC 0.92% of their portfolio Clearwater, FL 74,12274.1k $3.0m $3.0m 0.92% Reduced -10.6k -10,568
84 Israel Discount Bank of New York 2.30% of their portfolio NEW YORK, NY 71,59071.6k $2.9m $2.9m 2.30% Reduced -20.1k -20,078
85 STAPP WEALTH MANAGEMENT, PLLC 4.81% of their portfolio OLYMPIA, WA 69,94069.9k $2.9m $2.9m 4.81% Reduced -1.9k -1,869
86 Cetera Advisor Networks LLC 0.02% of their portfolio EL SEGUNDO, CA 68,58268.6k $2.8m $2.8m 0.02% Added +386 +386
87 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 64,87964.9k $2.7m $2.7m 0.00% Added +28.2k +28,191
88 Independence Bank of Kentucky 0.92% of their portfolio OWENSBORO, KY 64,12064.1k $2.6m $2.6m 0.92% Reduced -3.6k -3,590
89 COMERICA BANK 0.01% of their portfolio DALLAS, TX 59,13159.1k $2.4m $2.4m 0.01% Added +51.2k +51,189
90 Missouri Trust & Investment Co 0.93% of their portfolio SPRINGFIELD, MO 56,44656.4k $2.3m $2.3m 0.93% Added +14.6k +14,615
91 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 53,37953.4k $2.2m $2.2m 0.00% New
92 AlTi Global, Inc. 0.07% of their portfolio NEW YORK, NY 52,75652.8k $2.2m $2.2m 0.07% First filing
93 Choate Investment Advisors 0.06% of their portfolio BOSTON, MA 50,69650.7k $2.1m $2.1m 0.06% Unchanged
94 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 50,17850.2k $2.1m $2.1m 0.00% Added +10.4k +10,405
95 GSA CAPITAL PARTNERS LLP 0.17% of their portfolio LONDON, X0 49,80049.8k $2.0m $2.0m 0.17% New
96 ADVANCED RESEARCH INVESTMENT SOLUTIONS, LLC 1.26% of their portfolio Los Angeles, CA 49,33049.3k $2.0m $2.0m 1.26% Added +5.4k +5,392
97 Visionary Wealth Advisors 0.15% of their portfolio O'FALLON, IL 49,24649.2k $2.0m $2.0m 0.15% Added +5.5k +5,456
98 Provident Wealth Management, LLC 0.88% of their portfolio BRENTWOOD, TN 49,04149.0k $2.0m $2.0m 0.88% Reduced -467 -467
99 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 47,98348.0k $2.0m $2.0m 0.00% Reduced -975 -975
100 Denver PWM, LLC 0.89% of their portfolio DENVER, CO 47,06747.1k $1.9m $1.9m 0.89% Reduced -27.6k -27,629