Vault-13

FLEXSHARES TR GUNR

MORNSTAR UPSTR · ETP · CUSIP 33939L407

301 institutional holders +18 vs Q4 2025
113,472,974113.5m shares reported held*
$6.3bnreported value*
45 new 100 added 82 reduced 24 sold out net bought ≈ $637.8m (+11.4m 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 ($691.3k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $55.17.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0200400Q3 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: 283Q1 26: 301301Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q1 2026301

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 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 25Q2 25: 118 bought or addedQ2 25: 112 cut or sold outQ3 25: 105 bought or addedQ3 25: 117 cut or sold outQ3 25Q4 25: 129 bought or addedQ4 25: 96 cut or sold outQ1 26: 145 bought or addedQ1 26: 106 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024109142
Q3 2024107140
Q4 2024121125
Q1 202595154
Q2 2025118112
Q3 2025105117
Q4 202512996
Q1 2026145106

Biggest buyers

NORTHERN TRUST CORP Added +10,865,527+10.9m
EVOKE WEALTH, LLC Added +313,717+313.7k
RAYMOND JAMES FINANCIAL INC Added +285,512+285.5k
Cambria Investment Management, L.P. New +198,999+199.0k
ENVESTNET ASSET MANAGEMENT INC Added +148,159+148.2k
Aaron Wealth Advisors LLC Added +125,132+125.1k
OLD MISSION CAPITAL LLC New +118,464+118.5k
FLOW TRADERS U.S. LLC New +116,312+116.3k
W1M Asset Management Ltd New +115,000+115.0k
VeraBank, N.A. Added +86,014+86.0k

Biggest sellers

1832 Asset Management L.P. Reduced -508,924-508.9k
Align Financial, LLC Reduced -182,226-182.2k
First Interstate Bank Reduced -171,697-171.7k
Valmark Advisers, Inc. Reduced -167,761-167.8k
S. R. Schill & Associates Sold out -113,254-113.3k
Clark Capital Management Group, Inc. Reduced -103,387-103.4k
MOLLER WEALTH PARTNERS Reduced -100,647-100.6k
Austin Wealth Management, LLC Reduced -44,718-44.7k
CONNABLE OFFICE INC Reduced -41,355-41.4k
CITADEL ADVISORS LLC Sold out -40,490-40.5k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NORTHERN TRUST CORP 0.56% of their portfolio CHICAGO, IL 76,877,89876.9m $4.2bn $4.2bn 0.56% Added +10.9m +10,865,527
2 EVOKE WEALTH, LLC 4.95% of their portfolio Los Angeles, CA 4,859,7534.9m $268.1m $268.1m 4.95% Added +313.7k +313,717
3 COMMON FUND FOR NONPROFIT ORGANIZATIONS 21.45% of their portfolio NORWALK, CT 4,024,3674.0m $222.0m $222.0m 21.45% Added +45.3k +45,349
4 Valmark Advisers, Inc. 2.24% of their portfolio AKRON, OH 3,424,9083.4m $188.9m $188.9m 2.24% Reduced -167.8k -167,761
5 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,969,3262.0m $108.6m $108.6m 0.01% Added +22.9k +22,862
6 First Interstate Bank 4.08% of their portfolio Billings, MT 1,315,1261.3m $72.5m $72.5m 4.08% Reduced -171.7k -171,697
7 CONNABLE OFFICE INC 6.55% of their portfolio KALAMAZOO, MI 1,206,7981.2m $66.6m $66.6m 6.55% Reduced -41.4k -41,355
8 1832 Asset Management L.P. 0.08% of their portfolio TORONTO, A6 1,141,3001.1m $63.0m $63.0m 0.08% Reduced -508.9k -508,924
9 Aaron Wealth Advisors LLC 3.40% of their portfolio Chicago, IL 1,067,1301.1m $58.9m $58.9m 3.40% Added +125.1k +125,132
10 MOLLER WEALTH PARTNERS 10.63% of their portfolio NORTHFIELD, IL 975,639975.6k $53.8m $53.8m 10.63% Reduced -100.6k -100,647
11 NBT BANK, N.A. 3.35% of their portfolio NORWICH, NY 926,707926.7k $51.1m $51.1m 3.35% Added +12.5k +12,539
12 Versant Capital Management, Inc 4.57% of their portfolio PHOENIX, AZ 840,643840.6k $46.4m $46.4m 4.57% Added +75.8k +75,757
13 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 654,732654.7k $36.1m $36.1m 0.01% Added +285.5k +285,512
14 Barry Investment Advisors, LLC 7.26% of their portfolio NEW BEDFORD, MA 596,907596.9k $32.9m $32.9m 7.26% Added +21.1k +21,115
15 Hills Bank & Trust Co 1.37% of their portfolio North Liberty, IA 512,329512.3k $28.3m $28.3m 1.37% Reduced -31.7k -31,655
16 Pure Financial Advisors, LLC 0.41% of their portfolio SAN DIEGO, CA 512,125512.1k $28.2m $28.2m 0.41% Reduced -22.7k -22,715
17 VPR Management LLC 10.97% of their portfolio HOUSTON, TX 497,600497.6k $27.4m $27.4m 10.97% Unchanged
18 CENTRAL TRUST Co 0.52% of their portfolio JEFFERSON CITY, MO 480,555480.6k $26.5m $26.5m 0.52% Added +75.6k +75,595
19 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 424,492424.5k $23.4m $23.4m 0.00% Reduced -36.3k -36,309
20 Colony Family Offices, LLC 5.55% of their portfolio CHARLOTTE, NC 407,864407.9k $22.5m $22.5m 5.55% Reduced -10.1k -10,092
21 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 395,132395.1k $21.8m $21.8m 0.01% Added +148.2k +148,159
22 Pathway Financial Advisors LLC 2.69% of their portfolio SOUTH BURLINGTON, VT 392,858392.9k $21.8m $21.8m 2.69% Added +15.6k +15,568
23 MERCER GLOBAL ADVISORS INC /ADV 0.03% of their portfolio DENVER, CO 384,472384.5k $21.2m $21.2m 0.03% Reduced -37.7k -37,663
24 Navalign, LLC 4.79% of their portfolio ENCINO, CA 344,007344.0k $19.0m $19.0m 4.79% Reduced -28.2k -28,212
25 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 306,519306.5k $16.9m $16.9m 0.00% Reduced -5.7k -5,695
26 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 296,214296.2k $16.3m $16.3m 0.00% Reduced -23.9k -23,912
27 Farmers National Bank 3.41% of their portfolio DANVILLE, KY 280,230280.2k $15.5m $15.5m 3.41% Added +1.9k +1,865
28 UBS Group AG 0.00% of their portfolio ZURICH, V8 248,558248.6k $13.7m $13.7m 0.00% Added +15.2k +15,248
29 Pasadena Private Wealth, LLC 1.78% of their portfolio PASADENA, CA 232,880232.9k $12.8m $12.8m 1.78% Added +35.9k +35,883
30 United Bank 3.88% of their portfolio Zebulon, GA 211,277211.3k $11.7m $11.7m 3.88% Added +36.0k +35,968
31 Cambria Investment Management, L.P. 0.61% of their portfolio Manhattan Beach, CA 198,999199.0k $11.0m $11.0m 0.61% New
32 Ledyard National Bank 0.93% of their portfolio HANOVER, NH 195,412195.4k $10.8m $10.8m 0.93% Added +12.4k +12,446
33 BESSEMER GROUP INC 0.02% of their portfolio WOODBRIDGE, NJ 193,462193.5k $10.7m $10.7m 0.02% Added +789 +789
34 M Holdings Securities, Inc. 0.71% of their portfolio PORTLAND, OR 190,934190.9k $10.6m $10.6m 0.71% Reduced -26.8k -26,773
35 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 189,989190.0k $10.5m $10.5m 0.00% Reduced -3.1k -3,145
36 STEPH & CO 2.98% of their portfolio MARINETTE, WI 189,148189.1k $10.4m $10.4m 2.98% Reduced -19.0k -19,040
37 MAI Capital Management 0.06% of their portfolio INDEPENDENCE, OH 188,339188.3k $10.4m $10.4m 0.06% Added +3.8k +3,784
38 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 184,215184.2k $10.2m $10.2m 0.01% Added +37.5k +37,454
39 CoreCap Advisors, LLC 0.33% of their portfolio SOUTHFIELD, MI 174,466174.5k $9.6m $9.6m 0.33% Added +6.0k +5,964
40 Envestnet Portfolio Solutions, Inc. 0.05% of their portfolio BERWYN, PA 170,563170.6k $9.4m $9.4m 0.05% Reduced -34.4k -34,425
41 Brio Consultants, LLC 1.13% of their portfolio SAN FRANCISCO, CA 168,240168.2k $9.3m $9.3m 1.13% Reduced -15.7k -15,741
42 IAG Wealth Partners, LLC 1.00% of their portfolio WAUKESHA, WI 162,865162.9k $9.0m $9.0m 1.00% Added +5.6k +5,603
43 ARKANSAS FINANCIAL GROUP, INC. 1.23% of their portfolio LITTLE ROCK, AR 157,651157.7k $8.8m $8.8m 1.23% Reduced -18.6k -18,649
44 Roehl & Yi Investment Advisors, LLC 3.08% of their portfolio Eugene, OR 148,912148.9k $8.2m $8.2m 3.08% Added +10.4k +10,370
45 VeraBank, N.A. 1.43% of their portfolio HENDERSON, TX 141,341141.3k $7.8m $7.8m 1.43% Added +86.0k +86,014
46 Cornerstone National Bank & Trust Co 2.81% of their portfolio PALATINE, IL 138,434138.4k $7.6m $7.6m 2.81% Added +15.4k +15,381
47 CAMBIENT FAMILY OFFICE, LLC 1.06% of their portfolio ADA, MI 137,263137.3k $7.6m $7.6m 1.06% Added +15.8k +15,819
48 Avos Capital Management, LLC 2.99% of their portfolio SEATTLE, WA 137,030137.0k $7.6m $7.6m 2.99% Reduced -21.3k -21,254
49 Boltwood Capital Management 1.82% of their portfolio WALNUT CREEK, CA 129,236129.2k $7.1m $7.1m 1.82% Added +13.5k +13,533
50 Beacon Pointe Advisors, LLC 0.04% of their portfolio NEWPORT BEACH, CA 127,626127.6k $7.0m $7.0m 0.04% Added +29.1k +29,138
51 OLD MISSION CAPITAL LLC 0.15% of their portfolio CHICAGO, IL 118,464118.5k $6.5m $6.5m 0.15% New
52 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 117,099117.1k $6.5m $6.5m 0.00% Added +7.8k +7,845
53 FLOW TRADERS U.S. LLC 0.20% of their portfolio NEW YORK, NY 116,312116.3k $6.4m $6.4m 0.20% New
54 Austin Wealth Management, LLC 1.45% of their portfolio Austin, TX 115,018115.0k $6.4m $6.4m 1.45% Reduced -44.7k -44,718
55 W1M Asset Management Ltd 0.07% of their portfolio London, X0 115,000115.0k $6.3m $6.3m 0.07% New
56 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 114,420114.4k $6.3m $6.3m 0.02% Added +62.2k +62,241
57 Fermata Advisors, LLC 1.36% of their portfolio SONOMA, CA 109,132109.1k $6.0m $6.0m 1.36% Reduced -2.5k -2,451
58 Cullen/Frost Bankers, Inc. 0.05% of their portfolio San Antonio, TX 86,23586.2k $4.8m $4.8m 0.05% Reduced -4.4k -4,417
59 Wealthfront Advisers LLC 0.01% of their portfolio Palo Alto, CA 82,67582.7k $4.6m $4.6m 0.01% Added +10.8k +10,848
60 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 80,91080.9k $4.5m $4.5m 0.00% Reduced -4.0k -4,010
61 EJMK Ventures LLC 2.36% of their portfolio ITASCA, IL 76,53576.5k $4.2m $4.2m 2.36% Added +36.9k +36,866
62 HORIZON BANCORP INC /IN/ 1.97% of their portfolio MICHIGAN CITY, IN 74,07074.1k $4.1m $4.1m 1.97% Added +14.5k +14,527
63 Walkner Condon Financial Advisors LLC 0.51% of their portfolio MADISON, WI 70,36470.4k $3.9m $3.9m 0.51% Added +1.7k +1,716
64 Missouri Trust & Investment Co 1.11% of their portfolio SPRINGFIELD, MO 68,77668.8k $3.8m $3.8m 1.11% Reduced -1.9k -1,900
65 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 68,61968.6k $3.8m $3.8m 0.01% Added +7.4k +7,399
66 PARK NATIONAL CORP /OH/ 0.11% of their portfolio NEWARK, OH 66,53566.5k $3.7m $3.7m 0.11% Added +34.7k +34,662
67 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 64,47964.5k $3.6m $3.6m 0.00% Added +4.3k +4,295
68 Foundations Investment Advisors, LLC 0.04% of their portfolio PHOENIX, AZ 64,06764.1k $3.5m $3.5m 0.04% Reduced -1.4k -1,418
69 Sageworth Trust Co 0.15% of their portfolio LANCASTER, PA 61,21761.2k $3.4m $3.4m 0.15% Unchanged
70 AlTi Global, Inc. 0.07% of their portfolio NEW YORK, NY 56,32656.3k $3.1m $3.1m 0.07% Added +206 +206
71 GTS SECURITIES LLC 0.11% of their portfolio NEW YORK, NY 55,14155.1k $3.0m $3.0m 0.11% Added +23.7k +23,747
72 CVA Family Office, LLC 0.31% of their portfolio DENVER, CO 53,24853.2k $2.9m $2.9m 0.31% Added +37 +37
73 Smallwood Wealth Investment Management, LLC 1.49% of their portfolio RED BANK, NJ 51,42451.4k $2.8m $2.8m 1.49% Reduced -2.9k -2,908
74 Redwood Park Advisors LLC 2.04% of their portfolio Redwood City, CA 50,11550.1k $2.8m $2.8m 2.04% Added +4.5k +4,528
75 MONECO ADVISORS, LLC 0.21% of their portfolio FAIRFIELD, CT 48,43148.4k $2.7m $2.7m 0.21% Added +3.1k +3,102
76 Wealthcare Advisory Partners LLC 0.05% of their portfolio WEST CHESTER, PA 48,21648.2k $2.7m $2.7m 0.05% Reduced -2.6k -2,631
77 Purkiss Capital Advisors LLC 1.16% of their portfolio RIDGEFIELD, CT 47,98048.0k $2.6m $2.6m 1.16% Reduced -500 -500
78 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 46,99147.0k $2.6m $2.6m 0.01% Added +3.6k +3,587
79 Spire Wealth Management 0.08% of their portfolio MCLEAN, VA 45,15645.2k $2.5m $2.5m 0.08% Added +10.3k +10,265
80 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 42,31742.3k $2.3m $2.3m 0.00% Added +1.2k +1,242
81 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 42,14142.1k $2.3m $2.3m 0.00% Added +216 +216
82 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 40,64440.6k $2.2m $2.2m 0.00% Added +2.8k +2,819
83 ENTREWEALTH, LLC 1.00% of their portfolio AUSTIN, TX 40,58840.6k $2.2m $2.2m 1.00% Added +189 +189
84 Etesian Wealth Advisors, Inc. 0.70% of their portfolio West Linn, OR 39,57439.6k $2.2m $2.2m 0.70% Reduced -2.1k -2,102
85 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 39,23939.2k $2.2m $2.2m 0.00% Added +11.8k +11,763
86 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 39,04039.0k $2.2m $2.2m 0.00% Reduced -38.5k -38,548
87 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 38,14038.1k $2.1m $2.1m 0.00% Added +24.3k +24,289
88 Stelac Advisory Services LLC 0.42% of their portfolio NEW YORK, NY 37,72437.7k $2.1m $2.1m 0.42% Added +7.4k +7,382
89 SIMON QUICK ADVISORS, LLC 0.09% of their portfolio MORRISTOWN, NJ 36,44436.4k $2.0m $2.0m 0.09% Reduced -842 -842
90 NICOLET BANKSHARES INC 0.07% of their portfolio GREEN BAY, WI 35,47735.5k $2.0m $2.0m 0.07% Added +10.1k +10,068
91 Stratos Wealth Partners, LTD. 0.02% of their portfolio BEACHWOOD, OH 34,54134.5k $1.9m $1.9m 0.02% Reduced -122 -122
92 Brookwood Investment Group LLC 0.23% of their portfolio PHOENIX, AZ 32,01632.0k $1.8m $1.8m 0.23% Reduced -2.6k -2,600
93 TRANSCEND CAPITAL ADVISORS, LLC 0.13% of their portfolio MADISON, NJ 30,40830.4k $1.7m $1.7m 0.13% Reduced -1.0k -1,020
94 Fiduciary Alliance LLC 0.10% of their portfolio GREENVILLE, SC 30,23730.2k $1.7m $1.7m 0.10% New
95 RAINIER FAMILY WEALTH INC 1.07% of their portfolio TACOMA, WA 28,81328.8k $1.6m $1.6m 1.07% New
96 Granite Harbor Advisors, Inc. 0.68% of their portfolio Houston, TX 28,22928.2k $1.6m $1.6m 0.68% Unchanged
97 TD PRIVATE CLIENT WEALTH LLC 0.03% of their portfolio NEW YORK, NY 27,95428.0k $1.5m $1.5m 0.03% Added +20.8k +20,759
98 LRI Investments, LLC 0.13% of their portfolio PALM BEACH GARDENS, FL 27,55827.6k $1.5m $1.5m 0.13% Reduced -1.1k -1,129
99 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 27,00327.0k $1.5m $1.5m 0.00% Reduced -1.6k -1,562
100 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 26,90926.9k $1.5m $1.5m 0.00% Added +10.2k +10,232