Vault-13

FLEXSHARES TR GUNR

MORNSTAR UPSTR · ETP · CUSIP 33939L407

283 institutional holders +29 vs Q3 2025
102,099,905102.1m shares reported held*
$4.7bnreported value*
35 new 94 added 82 reduced 14 sold out net bought ≈ $36.3m (+793.6k 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 ($506.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $45.79.

Trends to Q4 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: 264Q2 25: 271Q3 25: 254Q4 25: 283283Q3 22Q2 23Q1 24Q4 24Q4 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
Q2 2025271
Q3 2025254
Q4 2025283

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q1 24: 108 bought or addedQ1 24: 149 cut or sold outQ2 24: 109 bought or addedQ2 24: 142 cut or sold outQ2 24Q3 24: 107 bought or addedQ3 24: 140 cut or sold outQ4 24: 121 bought or addedQ4 24: 125 cut or sold outQ4 24Q1 25: 95 bought or addedQ1 25: 154 cut or sold outQ2 25: 118 bought or addedQ2 25: 112 cut or sold outQ2 25Q3 25: 105 bought or addedQ3 25: 117 cut or sold outQ4 25: 129 bought or addedQ4 25: 96 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024108149
Q2 2024109142
Q3 2024107140
Q4 2024121125
Q1 202595154
Q2 2025118112
Q3 2025105117
Q4 202512996

Biggest buyers

1832 Asset Management L.P. Added +704,234+704.2k
EVOKE WEALTH, LLC Added +340,810+340.8k
CONNABLE OFFICE INC Added +311,192+311.2k
M Holdings Securities, Inc. New +217,707+217.7k
Versant Capital Management, Inc Added +203,190+203.2k
Barry Investment Advisors, LLC Added +117,410+117.4k
MORGAN STANLEY Added +117,110+117.1k
Foundations Investment Advisors, LLC New +65,485+65.5k
Valmark Advisers, Inc. Added +56,143+56.1k
Corient Private Wealth LP Added +53,549+53.5k

Biggest sellers

NORTHERN TRUST CORP Reduced -1,052,841-1.1m
COMMON FUND FOR NONPROFIT ORGANIZATIONS Reduced -416,073-416.1k
Wealthcare Advisory Partners LLC Reduced -133,719-133.7k
JANE STREET GROUP, LLC Sold out -60,721-60.7k
Qube Research & Technologies Ltd Sold out -53,388-53.4k
JPMORGAN CHASE & CO Reduced -32,739-32.7k
MOLLER WEALTH PARTNERS Reduced -27,356-27.4k
Wealthcare Capital Partners, LLC Sold out -25,691-25.7k
NBT BANK, N.A. Reduced -24,143-24.1k
GREENLEAF TRUST Reduced -20,244-20.2k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NORTHERN TRUST CORP 0.39% of their portfolio CHICAGO, IL 66,012,37166.0m $3.0bn $3.0bn 0.39% Reduced -1.1m -1,052,841
2 EVOKE WEALTH, LLC 4.01% of their portfolio Los Angeles, CA 4,546,0364.5m $208.4m $208.4m 4.01% Added +340.8k +340,810
3 COMMON FUND FOR NONPROFIT ORGANIZATIONS 14.82% of their portfolio NORWALK, CT 3,979,0184.0m $182.4m $182.4m 14.82% Reduced -416.1k -416,073
4 Valmark Advisers, Inc. 2.03% of their portfolio AKRON, OH 3,592,6693.6m $164.7m $164.7m 2.03% Added +56.1k +56,143
5 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,946,4641.9m $89.2m $89.2m 0.01% Added +117.1k +117,110
6 1832 Asset Management L.P. 0.10% of their portfolio TORONTO, A6 1,650,2241.7m $75.7m $75.7m 0.10% Added +704.2k +704,234
7 First Interstate Bank 3.66% of their portfolio Billings, MT 1,486,8231.5m $68.2m $68.2m 3.66% Added +27.4k +27,424
8 CONNABLE OFFICE INC 5.25% of their portfolio KALAMAZOO, MI 1,248,1531.2m $57.2m $57.2m 5.25% Added +311.2k +311,192
9 MOLLER WEALTH PARTNERS 10.33% of their portfolio NORTHFIELD, IL 1,076,2861.1m $49.3m $49.3m 10.33% Reduced -27.4k -27,356
10 Aaron Wealth Advisors LLC 2.40% of their portfolio Chicago, IL 941,998942.0k $43.2m $43.2m 2.40% Added +47.7k +47,737
11 NBT BANK, N.A. 2.71% of their portfolio NORWICH, NY 914,168914.2k $41.9m $41.9m 2.71% Reduced -24.1k -24,143
12 Versant Capital Management, Inc 4.40% of their portfolio PHOENIX, AZ 764,886764.9k $35.1m $35.1m 4.40% Added +203.2k +203,190
13 Barry Investment Advisors, LLC 5.88% of their portfolio NEW BEDFORD, MA 575,792575.8k $26.4m $26.4m 5.88% Added +117.4k +117,410
14 Hills Bank & Trust Co 1.45% of their portfolio North Liberty, IA 543,984544.0k $24.9m $24.9m 1.45% Reduced -3.2k -3,242
15 Pure Financial Advisors, LLC 0.36% of their portfolio SAN DIEGO, CA 534,840534.8k $24.5m $24.5m 0.36% Reduced -10.3k -10,257
16 VPR Management LLC 10.16% of their portfolio HOUSTON, TX 497,600497.6k $22.8m $22.8m 10.16% Unchanged
17 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 460,801460.8k $21.1m $21.1m 0.00% Added +13.6k +13,631
18 MERCER GLOBAL ADVISORS INC /ADV 0.03% of their portfolio DENVER, CO 422,135422.1k $19.4m $19.4m 0.03% Added +738 +738
19 Colony Family Offices, LLC 4.78% of their portfolio CHARLOTTE, NC 417,956418.0k $19.2m $19.2m 4.78% Added +5.8k +5,827
20 CENTRAL TRUST Co 0.36% of their portfolio JEFFERSON CITY, MO 404,960405.0k $18.6m $18.6m 0.36% Added +29.9k +29,905
21 Pathway Financial Advisors LLC 2.24% of their portfolio SOUTH BURLINGTON, VT 377,290377.3k $17.8m $17.8m 2.24% Added +7.5k +7,514
22 Navalign, LLC 4.19% of their portfolio ENCINO, CA 372,219372.2k $17.1m $17.1m 4.19% Added +3.9k +3,909
23 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 369,220369.2k $16.9m $16.9m 0.01% Reduced -2.3k -2,346
24 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 320,126320.1k $14.7m $14.7m 0.00% Added +5.4k +5,425
25 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 312,214312.2k $14.3m $14.3m 0.00% Added +11.2k +11,194
26 Farmers National Bank 2.85% of their portfolio DANVILLE, KY 278,365278.4k $12.8m $12.8m 2.85% Added +832 +832
27 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 246,973247.0k $11.3m $11.3m 0.00% Added +5.8k +5,799
28 UBS Group AG 0.00% of their portfolio ZURICH, V8 233,310233.3k $10.7m $10.7m 0.00% Added +14.8k +14,849
29 M Holdings Securities, Inc. 0.71% of their portfolio PORTLAND, OR 217,707217.7k $10.0m $10.0m 0.71% New
30 STEPH & CO 2.75% of their portfolio MARINETTE, WI 208,188208.2k $9.5m $9.5m 2.75% Reduced -6.7k -6,676
31 Envestnet Portfolio Solutions, Inc. 0.03% of their portfolio BERWYN, PA 204,988205.0k $9.4m $9.4m 0.03% Reduced -5.7k -5,748
32 Pasadena Private Wealth, LLC 1.23% of their portfolio PASADENA, CA 196,997197.0k $9.0m $9.0m 1.23% Added +27.8k +27,754
33 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 193,134193.1k $8.9m $8.9m 0.00% Reduced -2.1k -2,144
34 BESSEMER GROUP INC 0.01% of their portfolio WOODBRIDGE, NJ 192,673192.7k $8.8m $8.8m 0.01% Added +4.0k +3,992
35 Align Financial, LLC 0.11% of their portfolio HERMANTOWN, MN 186,289186.3k $186.3k $186.3k 0.11% First filing
36 MAI Capital Management 0.05% of their portfolio INDEPENDENCE, OH 184,555184.6k $8.5m $8.5m 0.05% Added +11.4k +11,418
37 Brio Consultants, LLC 1.10% of their portfolio SAN FRANCISCO, CA 183,981184.0k $8.4m $8.4m 1.10% Added +10.0k +10,029
38 Ledyard National Bank 0.72% of their portfolio HANOVER, NH 182,966183.0k $8.4m $8.4m 0.72% Added +1.4k +1,382
39 ARKANSAS FINANCIAL GROUP, INC. 1.17% of their portfolio LITTLE ROCK, AR 176,300176.3k $8.1m $8.1m 1.17% Reduced -10.1k -10,106
40 United Bank 2.73% of their portfolio Zebulon, GA 175,309175.3k $8.0m $8.0m 2.73% Reduced -1.9k -1,870
41 CoreCap Advisors, LLC 0.27% of their portfolio SOUTHFIELD, MI 168,502168.5k $7.7m $7.7m 0.27% Added +4.4k +4,409
42 Austin Wealth Management, LLC 1.11% of their portfolio Austin, TX 159,736159.7k $7.5m $7.5m 1.11% Added +4.3k +4,275
43 Avos Capital Management, LLC 3.17% of their portfolio SEATTLE, WA 158,284158.3k $7.3m $7.3m 3.17% Added +77 +77
44 IAG Wealth Partners, LLC 0.83% of their portfolio WAUKESHA, WI 157,262157.3k $7.2m $7.2m 0.83% Added +7.8k +7,776
45 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 146,761146.8k $6.7m $6.7m 0.01% Added +11.6k +11,589
46 Roehl & Yi Investment Advisors, LLC 2.54% of their portfolio Eugene, OR 138,542138.5k $6.4m $6.4m 2.54% Added +65 +65
47 Cornerstone National Bank & Trust Co 2.25% of their portfolio PALATINE, IL 123,053123.1k $5.6m $5.6m 2.25% Reduced -1.5k -1,535
48 CAMBIENT FAMILY OFFICE, LLC 0.79% of their portfolio ADA, MI 121,444121.4k $5.6m $5.6m 0.79% First filing
49 Boltwood Capital Management 1.38% of their portfolio WALNUT CREEK, CA 115,703115.7k $5.3m $5.3m 1.38% Reduced -1.5k -1,494
50 Clark Capital Management Group, Inc. 0.03% of their portfolio PHILADELPHIA, PA 114,928114.9k $5.3m $5.3m 0.03% Added +28.7k +28,694
51 S. R. Schill & Associates 3.67% of their portfolio MERCER ISLAND, WA 113,254113.3k $5.2m $5.2m 3.67% Reduced -1.6k -1,562
52 Fermata Advisors, LLC 1.23% of their portfolio SONOMA, CA 111,583111.6k $5.1m $5.1m 1.23% Added +3.3k +3,329
53 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 109,254109.3k $5.0m $5.0m 0.00% Added +12.5k +12,543
54 Beacon Pointe Advisors, LLC 0.03% of their portfolio NEWPORT BEACH, CA 98,48898.5k $4.5m $4.5m 0.03% Reduced -1.2k -1,176
55 Cullen/Frost Bankers, Inc. 0.05% of their portfolio San Antonio, TX 90,65290.7k $4.2m $4.2m 0.05% Reduced -17.3k -17,281
56 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 84,92084.9k $3.9m $3.9m 0.00% Reduced -5.9k -5,942
57 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 77,58877.6k $3.6m $3.6m 0.00% Added +53.5k +53,549
58 Wealthfront Advisers LLC 0.01% of their portfolio Palo Alto, CA 71,82771.8k $3.3m $3.3m 0.01% Added +9.1k +9,144
59 Missouri Trust & Investment Co 0.95% of their portfolio SPRINGFIELD, MO 70,67670.7k $3.2m $3.2m 0.95% Reduced -251 -251
60 Walkner Condon Financial Advisors LLC 0.44% of their portfolio MADISON, WI 68,64868.6k $3.1m $3.1m 0.44% Added +527 +527
61 Foundations Investment Advisors, LLC 0.04% of their portfolio PHOENIX, AZ 65,48565.5k $3.0m $3.0m 0.04% New
62 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 61,22061.2k $2.8m $2.8m 0.00% Added +19.5k +19,457
63 Sageworth Trust Co 0.12% of their portfolio LANCASTER, PA 61,21761.2k $2.8m $2.8m 0.12% Unchanged
64 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 60,18460.2k $2.8m $2.8m 0.00% Added +7.1k +7,116
65 HORIZON BANCORP INC /IN/ 1.33% of their portfolio MICHIGAN CITY, IN 59,54359.5k $2.7m $2.7m 1.33% Reduced -1.7k -1,726
66 AlTi Global, Inc. 0.06% of their portfolio NEW YORK, NY 56,12056.1k $2.6m $2.6m 0.06% Added +388 +388
67 VeraBank, N.A. 0.46% of their portfolio HENDERSON, TX 55,32755.3k $2.5m $2.5m 0.46% Reduced -4.6k -4,595
68 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 54,83254.8k $2.6m $2.6m 0.00% Reduced -6.7k -6,722
69 Smallwood Wealth Investment Management, LLC 1.30% of their portfolio RED BANK, NJ 54,33254.3k $2.5m $2.5m 1.30% Reduced -3.6k -3,564
70 CVA Family Office, LLC 0.28% of their portfolio DENVER, CO 53,21153.2k $2.4m $2.4m 0.28% Reduced -221 -221
71 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 52,17952.2k $2.4m $2.4m 0.01% Added +3.5k +3,538
72 Wealthcare Advisory Partners LLC 0.05% of their portfolio WEST CHESTER, PA 50,84750.8k $2.3m $2.3m 0.05% Reduced -133.7k -133,719
73 Purkiss Capital Advisors LLC 1.04% of their portfolio RIDGEFIELD, CT 48,48048.5k $2.2m $2.2m 1.04% Reduced -3.4k -3,410
74 Redwood Park Advisors LLC 1.42% of their portfolio Redwood City, CA 45,58745.6k $2.1m $2.1m 1.42% Added +11.3k +11,258
75 MONECO ADVISORS, LLC 0.17% of their portfolio FAIRFIELD, CT 45,32945.3k $2.1m $2.1m 0.17% Reduced -825 -825
76 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 43,40443.4k $2.0m $2.0m 0.01% Added +8.4k +8,368
77 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 41,92541.9k $1.9m $1.9m 0.00% Reduced -3.1k -3,113
78 Etesian Wealth Advisors, Inc. 0.60% of their portfolio West Linn, OR 41,67641.7k $1.9m $1.9m 0.60% Reduced -4.3k -4,327
79 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 41,07541.1k $1.9m $1.9m 0.00% Added +8.6k +8,636
80 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 40,49040.5k $1.9m $1.9m 0.00% Added +35.5k +35,507
81 ENTREWEALTH, LLC 0.94% of their portfolio AUSTIN, TX 40,39940.4k $2.1m $2.1m 0.94% Added +2.1k +2,070
82 STEPHENS INC /AR/ 0.02% of their portfolio LITTLE ROCK, AR 40,26040.3k $1.8m $1.8m 0.02% New
83 EJMK Ventures LLC 1.12% of their portfolio ITASCA, IL 39,66939.7k $1.8m $1.8m 1.12% First filing
84 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 38,26538.3k $1.8m $1.8m 0.00% Reduced -4.0k -3,981
85 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 37,82537.8k $1.7m $1.7m 0.00% Reduced -32.7k -32,739
86 SIMON QUICK ADVISORS, LLC 0.07% of their portfolio MORRISTOWN, NJ 37,28637.3k $1.7m $1.7m 0.07% Added +1.9k +1,937
87 Spire Wealth Management 0.05% of their portfolio MCLEAN, VA 34,89134.9k $1.6m $1.6m 0.05% Reduced -70 -70
88 Stratos Wealth Partners, LTD. 0.02% of their portfolio BEACHWOOD, OH 34,66334.7k $1.6m $1.6m 0.02% Added +966 +966
89 Brookwood Investment Group LLC 0.19% of their portfolio PHOENIX, AZ 34,61634.6k $1.6m $1.6m 0.19% New
90 PARK NATIONAL CORP /OH/ 0.05% of their portfolio NEWARK, OH 31,87331.9k $1.5m $1.5m 0.05% Reduced -1.1k -1,117
91 TRANSCEND CAPITAL ADVISORS, LLC 0.11% of their portfolio MADISON, NJ 31,42831.4k $1.4m $1.4m 0.11% Reduced -351 -351
92 GTS SECURITIES LLC 0.05% of their portfolio NEW YORK, NY 31,39431.4k $1.4m $1.4m 0.05% New
93 Stelac Advisory Services LLC 0.49% of their portfolio NEW YORK, NY 30,34230.3k $1.4m $1.4m 0.49% Added +10.1k +10,100
94 LRI Investments, LLC 0.11% of their portfolio PALM BEACH GARDENS, FL 28,68728.7k $1.3m $1.3m 0.11% Added +1.8k +1,834
95 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 28,56528.6k $1.3m $1.3m 0.00% Added +2.4k +2,394
96 Granite Harbor Advisors, Inc. 0.55% of their portfolio Houston, TX 28,22928.2k $1.3m $1.3m 0.55% Unchanged
97 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 27,47627.5k $1.3m $1.3m 0.00% Reduced -965 -965
98 STUDIO INVESTMENT MANAGEMENT LLC 0.23% of their portfolio CHICAGO, IL 27,38127.4k $1.3m $1.3m 0.23% Reduced -654 -654
99 Smartleaf Asset Management LLC 0.05% of their portfolio BOSTON, MA 25,98126.0k $1.2m $1.2m 0.05% Reduced -2.3k -2,323
100 FIRST FINANCIAL CORP /IN/ 0.45% of their portfolio TERRE HAUTE, IN 25,96526.0k $1.2m $1.2m 0.45% Unchanged