Vault-13

FLEXSHARES TR GUNR

MORNSTAR UPSTR · ETP · CUSIP 33939L407

264 institutional holders -28 vs Q4 2024
104,811,073104.8m shares reported held*
$4.1bnreported value*
24 new 71 added 107 reduced 47 sold out net sold ≈ $389.7m (-10.0m 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 ($391.4k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $38.80. Options: 1 managers hold calls ($0 notional), 0 hold puts (—).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 274Q4 22: 278Q1 23: 294Q2 23: 290Q3 23: 287Q4 23: 295Q1 24: 282Q2 24: 283Q3 24: 268Q4 24: 292Q1 25: 264264Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022274
Q4 2022278
Q1 2023294
Q2 2023290
Q3 2023287
Q4 2023295
Q1 2024282
Q2 2024283
Q3 2024268
Q4 2024292
Q1 2025264

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 23: 130 bought or addedQ2 23: 140 cut or sold outQ3 23: 129 bought or addedQ3 23: 131 cut or sold outQ3 23Q4 23: 121 bought or addedQ4 23: 129 cut or sold outQ1 24: 108 bought or addedQ1 24: 149 cut or sold outQ1 24Q2 24: 109 bought or addedQ2 24: 142 cut or sold outQ3 24: 107 bought or addedQ3 24: 140 cut or sold outQ3 24Q4 24: 121 bought or addedQ4 24: 125 cut or sold outQ1 25: 95 bought or addedQ1 25: 154 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2023130140
Q3 2023129131
Q4 2023121129
Q1 2024108149
Q2 2024109142
Q3 2024107140
Q4 2024121125
Q1 202595154

Biggest buyers

EVOKE WEALTH, LLC Added +445,619+445.6k
Valmark Advisers, Inc. Added +115,044+115.0k
First Interstate Bank Added +71,589+71.6k
CONNABLE OFFICE INC Added +70,451+70.5k
Aaron Wealth Advisors LLC Added +50,885+50.9k
MOLLER WEALTH PARTNERS Added +48,108+48.1k
Pathway Financial Advisors LLC Added +36,111+36.1k
Versant Capital Management, Inc Added +34,165+34.2k
Colony Family Offices, LLC Added +28,871+28.9k
Granite Harbor Advisors, Inc. New +28,766+28.8k

Biggest sellers

NORTHERN TRUST CORP Reduced -6,506,700-6.5m
JANE STREET GROUP, LLC Reduced -724,473-724.5k
MORGAN STANLEY Reduced -322,025-322.0k
AMERIPRISE FINANCIAL INC Reduced -295,477-295.5k
1832 Asset Management L.P. Reduced -283,524-283.5k
Cullen/Frost Bankers, Inc. Reduced -199,729-199.7k
Pasadena Private Wealth, LLC Reduced -197,632-197.6k
ALLIANCEBERNSTEIN L.P. Sold out -197,080-197.1k
CITADEL ADVISORS LLC Reduced -173,105-173.1k
Quadrature Capital Ltd Sold out -164,087-164.1k

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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NORTHERN TRUST CORP 0.43% of their portfolio CHICAGO, IL 74,428,10474.4m $2.9bn $2.9bn 0.43% Reduced -6.5m -6,506,700
2 EVOKE WEALTH, LLC 3.74% of their portfolio Los Angeles, CA 3,690,9833.7m $143.2m $143.2m 3.74% Added +445.6k +445,619
3 Valmark Advisers, Inc. 2.02% of their portfolio AKRON, OH 3,456,1993.5m $134.1m $134.1m 2.02% Added +115.0k +115,044
4 1832 Asset Management L.P. 0.18% of their portfolio TORONTO, A6 2,494,2812.5m $96.8m $96.8m 0.18% Reduced -283.5k -283,524
5 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,688,2361.7m $65.5m $65.5m 0.00% Reduced -322.0k -322,025
6 MOLLER WEALTH PARTNERS 10.29% of their portfolio NORTHFIELD, IL 1,072,6271.1m $41.6m $41.6m 10.29% Added +48.1k +48,108
7 NBT BANK, N.A. 2.82% of their portfolio NORWICH, NY 1,006,7281.0m $39.1m $39.1m 2.82% Reduced -160.9k -160,924
8 CONNABLE OFFICE INC 3.98% of their portfolio KALAMAZOO, MI 962,601962.6k $37.4m $37.4m 3.98% Added +70.5k +70,451
9 First Interstate Bank 1.80% of their portfolio Billings, MT 778,114778.1k $30.2m $30.2m 1.80% Added +71.6k +71,589
10 Hills Bank & Trust Co 1.70% of their portfolio North Liberty, IA 621,551621.6k $24.1m $24.1m 1.70% Reduced -13.8k -13,838
11 Aaron Wealth Advisors LLC 2.59% of their portfolio Chicago, IL 582,103582.1k $22.6m $22.6m 2.59% Added +50.9k +50,885
12 Versant Capital Management, Inc 3.68% of their portfolio PHOENIX, AZ 565,218565.2k $21.9m $21.9m 3.68% Added +34.2k +34,165
13 VPR Management LLC 9.96% of their portfolio HOUSTON, TX 528,203528.2k $20.5m $20.5m 9.96% Unchanged
14 Pure Financial Advisors, LLC 0.41% of their portfolio SAN DIEGO, CA 500,937500.9k $19.4m $19.4m 0.41% Added +18.0k +18,018
15 OLD MISSION CAPITAL LLC 0.37% of their portfolio CHICAGO, IL 487,673487.7k $18.9m $18.9m 0.37% Reduced -93.1k -93,077
16 Colony Family Offices, LLC 5.42% of their portfolio CHARLOTTE, NC 447,940447.9k $17.4m $17.4m 5.42% Added +28.9k +28,871
17 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 446,934446.9k $17.3m $17.3m 0.01% Reduced -22.7k -22,749
18 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 404,084404.1k $15.6m $15.6m 0.00% Reduced -295.5k -295,477
19 CENTRAL TRUST Co 0.35% of their portfolio JEFFERSON CITY, MO 364,929364.9k $14.2m $14.2m 0.35% Reduced -10.9k -10,949
20 Navalign, LLC 3.91% of their portfolio ENCINO, CA 353,149353.1k $13.7m $13.7m 3.91% Added +4.8k +4,811
21 Barry Investment Advisors, LLC 3.50% of their portfolio NEW BEDFORD, MA 339,378339.4k $13.2m $13.2m 3.50% Added +23.2k +23,202
22 UBS Group AG 0.00% of their portfolio ZURICH, V8 325,422325.4k $12.6m $12.6m 0.00% Reduced -71.3k -71,327
23 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 323,060323.1k $12.5m $12.5m 0.00% Reduced -20.0k -20,012
24 Cullen/Frost Bankers, Inc. 0.17% of their portfolio San Antonio, TX 316,956317.0k $12.3m $12.3m 0.17% Reduced -199.7k -199,729
25 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 267,589267.6k $10.4m $10.4m 0.00% Reduced -30.7k -30,731
26 FLOW TRADERS U.S. LLC 0.43% of their portfolio NEW YORK, NY 265,803265.8k $10.3m $10.3m 0.43% Reduced -12.1k -12,147
27 Farmers National Bank 2.91% of their portfolio DANVILLE, KY 265,330265.3k $10.3m $10.3m 2.91% Added +9.9k +9,871
28 Pathway Financial Advisors LLC 1.71% of their portfolio SOUTH BURLINGTON, VT 244,953245.0k $9.5m $9.5m 1.71% Added +36.1k +36,111
29 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 237,736237.7k $9.2m $9.2m 0.00% Reduced -134.2k -134,174
30 Envestnet Portfolio Solutions, Inc. 0.03% of their portfolio BERWYN, PA 234,721234.7k $9.1m $9.1m 0.03% Added +3.9k +3,928
31 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 227,213227.2k $8.8m $8.8m 0.00% Added +25.6k +25,567
32 STEPH & CO 2.90% of their portfolio MARINETTE, WI 207,880207.9k $8.1m $8.1m 2.90% Reduced -2.7k -2,730
33 ARKANSAS FINANCIAL GROUP, INC. 1.26% of their portfolio LITTLE ROCK, AR 206,257206.3k $7.3m $7.3m 1.26% Reduced -18.8k -18,822
34 GREENLEAF TRUST 0.07% of their portfolio KALAMAZOO, MI 204,040204.0k $7.9m $7.9m 0.07% Reduced -8.5k -8,544
35 Wealthcare Advisory Partners LLC 0.20% of their portfolio WEST CHESTER, PA 188,896188.9k $7.3m $7.3m 0.20% Added +21.8k +21,751
36 Brio Consultants, LLC 1.01% of their portfolio SAN FRANCISCO, CA 165,255165.3k $6.4m $6.4m 1.01% Added +8.1k +8,077
37 MAI Capital Management 0.05% of their portfolio INDEPENDENCE, OH 161,446161.4k $6.3m $6.3m 0.05% Added +2.4k +2,382
38 United Bank 2.56% of their portfolio Zebulon, GA 159,912159.9k $6.2m $6.2m 2.56% Added +4.2k +4,214
39 CoreCap Advisors, LLC 0.27% of their portfolio SOUTHFIELD, MI 155,600155.6k $6.0m $6.0m 0.27% Added +23.1k +23,143
40 Roehl & Yi Investment Advisors, LLC 3.03% of their portfolio Eugene, OR 143,850143.8k $5.6m $5.6m 3.03% Reduced -3.1k -3,065
41 Austin Wealth Management, LLC 1.10% of their portfolio Austin, TX 143,204143.2k $5.5m $5.5m 1.10% Added +11.0k +10,995
42 MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio DENVER, CO 141,965142.0k $5.5m $5.5m 0.01% Added +11.5k +11,510
43 Cornerstone National Bank & Trust Co 2.43% of their portfolio PALATINE, IL 139,762139.8k $5.4m $5.4m 2.43% Added +20.5k +20,518
44 SVB WEALTH LLC 0.22% of their portfolio BOSTON, MA 139,145139.1k $5.4m $5.4m 0.22% Reduced -25.3k -25,322
45 Boltwood Capital Management 1.56% of their portfolio WALNUT CREEK, CA 131,972132.0k $5.1m $5.1m 1.56% Reduced -43.9k -43,930
46 Pasadena Private Wealth, LLC 0.98% of their portfolio PASADENA, CA 130,366130.4k $5.1m $5.1m 0.98% Reduced -197.6k -197,632
47 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 130,034130.0k $5.0m $5.0m 0.00% Reduced -60.3k -60,337
48 Latigo Investments, LLC 2.64% of their portfolio FORT LAUDERDALE, FL 127,500127.5k $4.9m $4.9m 2.64% Reduced -102.5k -102,500
49 Beacon Pointe Advisors, LLC 0.05% of their portfolio NEWPORT BEACH, CA 124,252124.3k $4.8m $4.8m 0.05% Reduced -1.4k -1,400
50 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 121,852121.9k $4.7m $4.7m 0.01% Added +4.5k +4,489
51 BESSEMER GROUP INC 0.01% of their portfolio WOODBRIDGE, NJ 117,032117.0k $4.5m $4.5m 0.01% Reduced -2.3k -2,300
52 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 116,501116.5k $4.5m $4.5m 0.01% Reduced -79.3k -79,301
53 Clark Capital Management Group, Inc. 0.03% of their portfolio PHILADELPHIA, PA 116,085116.1k $4.5m $4.5m 0.03% Added +5.4k +5,367
54 Fermata Advisors, LLC 0.81% of their portfolio SONOMA, CA 114,882114.9k $4.5m $4.5m 0.81% Added +3.9k +3,873
55 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 113,799113.8k $4.4m $4.4m 0.00% Added +133 +133
56 S. R. Schill & Associates 3.51% of their portfolio MERCER ISLAND, WA 113,403113.4k $4.4m $4.4m 3.51% Added +18.4k +18,428
57 Avos Capital Management, LLC 2.82% of their portfolio SEATTLE, WA 110,038110.0k $4.3m $4.3m 2.82% Reduced -15.7k -15,729
58 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 106,474106.5k $4.1m $4.1m 0.01% Reduced -73.0k -72,983
59 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 103,862103.9k $4.0m $4.0m 0.01% Reduced -724.5k -724,473
60 IAG Wealth Partners, LLC 0.61% of their portfolio WAUKESHA, WI 101,691101.7k $3.9m $3.9m 0.61% Reduced -78.9k -78,855
61 NICOLET ADVISORY SERVICES, LLC 0.33% of their portfolio GREEN BAY, WI 94,13794.1k $3.3m $3.3m 0.33% Reduced -11.5k -11,505
62 VeraBank, N.A. 0.93% of their portfolio HENDERSON, TX 85,45285.5k $3.3m $3.3m 0.93% Reduced -32.0k -32,038
63 Money Design Co.,Ltd. 0.15% of their portfolio TOKYO, M0 78,28878.3k $3.0m $3.0m 0.15% Added +763 +763
64 Missouri Trust & Investment Co 0.97% of their portfolio SPRINGFIELD, MO 70,84670.8k $2.7m $2.7m 0.97% Added +4.9k +4,855
65 HORIZON BANCORP INC /IN/ 1.50% of their portfolio MICHIGAN CITY, IN 68,28868.3k $2.6m $2.6m 1.50% Reduced -12.5k -12,487
66 Walkner Condon Financial Advisors LLC 0.51% of their portfolio MADISON, WI 64,77664.8k $2.5m $2.5m 0.51% Reduced -10.5k -10,506
67 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 62,30062.3k $2.4m $2.4m 0.00% Reduced -40.5k -40,500
68 AlTi Global, Inc. 0.06% of their portfolio NEW YORK, NY 55,55155.6k $2.2m $2.2m 0.06% Added +371 +371
69 Smallwood Wealth Investment Management, LLC 1.33% of their portfolio RED BANK, NJ 54,48254.5k $2.1m $2.1m 1.33% Added +1.4k +1,439
70 CVA Family Office, LLC 0.32% of their portfolio DENVER, CO 53,67153.7k $2.1m $2.1m 0.32% Reduced -7.5k -7,478
71 Purkiss Capital Advisors LLC 1.53% of their portfolio RIDGEFIELD, CT 52,11552.1k $2.0m $2.0m 1.53% Unchanged
72 Etesian Wealth Advisors, Inc. 0.87% of their portfolio West Linn, OR 52,00452.0k $2.0m $2.0m 0.87% Reduced -970 -970
73 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 46,29746.3k $1.8m $1.8m 0.00% Reduced -29.7k -29,738
74 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 44,74344.7k $1.7m $1.7m 0.00% Reduced -4.0k -3,971
75 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 44,34344.3k $1.7m $1.7m 0.01% Reduced -12.6k -12,632
76 MONECO ADVISORS, LLC 0.18% of their portfolio FAIRFIELD, CT 43,54843.5k $1.7m $1.7m 0.18% Added +2.5k +2,498
77 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 42,15242.2k $1.6m $1.6m 0.01% Reduced -4.5k -4,481
78 Community Bank, N.A. 0.21% of their portfolio DeWitt, NY 40,51440.5k $1.6m $1.6m 0.21% Added +15 +15
79 Stelac Advisory Services LLC 0.61% of their portfolio NEW YORK, NY 38,08338.1k $1.5m $1.5m 0.61% Added +4.3k +4,295
80 Aspen Grove Capital, LLC 0.28% of their portfolio AVON, CO 37,18437.2k $1.4m $1.4m 0.28% Unchanged
81 ENTREWEALTH, LLC 1.01% of their portfolio AUSTIN, TX 33,90533.9k $1.3m $1.3m 1.01% Added +7.3k +7,266
82 Wealthfront Advisers LLC 0.00% of their portfolio Palo Alto, CA 33,26333.3k $1.3m $1.3m 0.00% Reduced -40.2k -40,179
83 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 31,79231.8k $1.2m $1.2m 0.00% Added +8.7k +8,664
84 Advisory Services Network, LLC 0.02% of their portfolio ATLANTA, GA 31,65331.7k $1.2m $1.2m 0.02% Added +10.3k +10,304
85 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 31,15331.2k $1.2m $1.2m 0.00% Added +790 +790
86 Redwood Park Advisors LLC 1.00% of their portfolio Redwood City, CA 30,59430.6k $1.2m $1.2m 1.00% Added +3.6k +3,589
87 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 30,31530.3k $1.2m $1.2m 0.00% Added +19.5k +19,536
88 STUDIO INVESTMENT MANAGEMENT LLC 0.24% of their portfolio CHICAGO, IL 29,36129.4k $1.1m $1.1m 0.24% Added +3.6k +3,616
89 Granite Harbor Advisors, Inc. 0.59% of their portfolio Houston, TX 28,76628.8k $1.1m $1.1m 0.59% New
90 TRANSCEND CAPITAL ADVISORS, LLC 0.08% of their portfolio MADISON, NJ 28,47328.5k $1.1m $1.1m 0.08% New
91 LRI Investments, LLC 0.10% of their portfolio PALM BEACH GARDENS, FL 26,67226.7k $1.0m $1.0m 0.10% Added +7.9k +7,860
92 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 26,46526.5k $1.0m $1.0m 0.00% Added +1.9k +1,919
93 NICOLET BANKSHARES INC 0.21% of their portfolio GREEN BAY, WI 26,42626.4k $1.0m $1.0m 0.21% Reduced -15.3k -15,318
94 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 25,51025.5k $990.1k $990.1k 0.00% Reduced -15.4k -15,422
95 L.M. KOHN & COMPANY 0.26% of their portfolio CINCINNATI, OH 25,49325.5k $989.4k $989.4k 0.26% Reduced -39 -39
96 KEYBANK NATIONAL ASSOCIATION/OH 0.00% of their portfolio BROOKLYN, OH 25,04125.0k $971.8k $971.8k 0.00% Unchanged
97 COMERICA BANK 0.00% of their portfolio DALLAS, TX 24,92524.9k $967.3k $967.3k 0.00% Reduced -4.3k -4,313
98 CAPITAL WEALTH MANAGEMENT, LLC 0.39% of their portfolio W. WARWICK, RI 24,12524.1k $936.3k $936.3k 0.39% Reduced -1.1k -1,134
99 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 23,96224.0k $930.0k $930.0k 0.00% Reduced -2.4k -2,398
100 INSIGNEO ADVISORY SERVICES, LLC 0.09% of their portfolio MIAMI, FL 23,53423.5k $913.3k $913.3k 0.09% Reduced -2.0k -2,018