Vault-13

FLEXSHARES TR GUNR

MORNSTAR UPSTR · ETP · CUSIP 33939L407

320 institutional holders +19 vs Q1 2026
113,490,998113.5m shares reported held*
$5.6bnreported value*
40 new 116 added 92 reduced 24 sold out net sold ≈ $5.4m (-107.0k 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 ($615.7k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $49.30.

Trends to Q2 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: 301Q2 26: 320320Q3 22Q3 23Q3 24Q3 25Q2 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
Q2 2026320

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 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 25Q1 26: 145 bought or addedQ1 26: 106 cut or sold outQ2 26: 156 bought or addedQ2 26: 116 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024107140
Q4 2024121125
Q1 202595154
Q2 2025118112
Q3 2025105117
Q4 202512996
Q1 2026145106
Q2 2026156116

Biggest buyers

MAI Capital Management Added +4,915,504+4.9m
Valmark Advisers, Inc. Added +328,085+328.1k
a16z Perennial Management, L.P. New +147,066+147.1k
D. E. Shaw & Co., Inc. New +115,657+115.7k
UMB Bank, n.a. Added +107,817+107.8k
SENTINEL TRUST CO LBA New +97,695+97.7k
MOLLER WEALTH PARTNERS Added +72,750+72.8k
Qube Research & Technologies Ltd New +65,355+65.4k
RAYMOND JAMES FINANCIAL INC Added +61,066+61.1k
Aaron Wealth Advisors LLC Added +58,126+58.1k

Biggest sellers

EVOKE WEALTH, LLC Sold out -4,859,753-4.9m
COMMON FUND FOR NONPROFIT ORGANIZATIONS Reduced -616,171-616.2k
NORTHERN TRUST CORP Reduced -459,894-459.9k
1832 Asset Management L.P. Reduced -251,704-251.7k
MERCER GLOBAL ADVISORS INC /ADV Reduced -184,538-184.5k
AMERIPRISE FINANCIAL INC Reduced -85,657-85.7k
ENVESTNET ASSET MANAGEMENT INC Reduced -77,912-77.9k
Cambria Investment Management, L.P. Reduced -68,473-68.5k
GTS SECURITIES LLC Sold out -55,141-55.1k
CONNABLE OFFICE INC Reduced -51,286-51.3k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NORTHERN TRUST CORP 0.44% of their portfolio CHICAGO, IL 76,418,00476.4m $3.8bn $3.8bn 0.44% Reduced -459.9k -459,894
2 MAI Capital Management 0.96% of their portfolio INDEPENDENCE, OH 5,103,8435.1m $251.5m $251.5m 0.96% Added +4.9m +4,915,504
3 Valmark Advisers, Inc. 1.96% of their portfolio AKRON, OH 3,752,9933.8m $184.9m $184.9m 1.96% Added +328.1k +328,085
4 COMMON FUND FOR NONPROFIT ORGANIZATIONS 15.44% of their portfolio NORWALK, CT 3,408,1963.4m $168.0m $168.0m 15.44% Reduced -616.2k -616,171
5 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,950,9532.0m $96.1m $96.1m 0.01% Reduced -18.4k -18,373
6 First Interstate Bank 3.27% of their portfolio Billings, MT 1,272,6021.3m $62.7m $62.7m 3.27% Reduced -42.5k -42,524
7 CONNABLE OFFICE INC 5.01% of their portfolio KALAMAZOO, MI 1,155,5121.2m $56.9m $56.9m 5.01% Reduced -51.3k -51,286
8 Aaron Wealth Advisors LLC 2.82% of their portfolio Chicago, IL 1,125,2561.1m $55.5m $55.5m 2.82% Added +58.1k +58,126
9 MOLLER WEALTH PARTNERS 9.35% of their portfolio NORTHFIELD, IL 1,048,3891.0m $51.7m $51.7m 9.35% Added +72.8k +72,750
10 NBT BANK, N.A. 3.07% of their portfolio NORWICH, NY 941,050941.0k $46.4m $46.4m 3.07% Added +14.3k +14,343
11 1832 Asset Management L.P. 0.05% of their portfolio TORONTO, A6 889,596889.6k $43.8m $43.8m 0.05% Reduced -251.7k -251,704
12 Versant Capital Management, Inc 3.90% of their portfolio PHOENIX, AZ 883,841883.8k $43.6m $43.6m 3.90% Added +43.2k +43,198
13 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 715,798715.8k $35.3m $35.3m 0.01% Added +61.1k +61,066
14 Barry Investment Advisors, LLC 6.45% of their portfolio NEW BEDFORD, MA 626,000626.0k $30.8m $30.8m 6.45% Added +29.1k +29,093
15 Pure Financial Advisors, LLC 0.32% of their portfolio SAN DIEGO, CA 507,801507.8k $25.0m $25.0m 0.32% Reduced -4.3k -4,324
16 Hills Bank & Trust Co 1.06% of their portfolio North Liberty, IA 503,100503.1k $24.8m $24.8m 1.06% Reduced -9.2k -9,229
17 VPR Management LLC 9.85% of their portfolio HOUSTON, TX 497,600497.6k $24.5m $24.5m 9.85% Unchanged
18 CENTRAL TRUST Co 0.44% of their portfolio JEFFERSON CITY, MO 497,060497.1k $24.5m $24.5m 0.44% Added +16.5k +16,505
19 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 433,867433.9k $21.4m $21.4m 0.00% Added +9.4k +9,375
20 Colony Family Offices, LLC 4.33% of their portfolio CHARLOTTE, NC 400,097400.1k $19.7m $19.7m 4.33% Reduced -7.8k -7,767
21 Pathway Financial Advisors LLC 2.25% of their portfolio SOUTH BURLINGTON, VT 387,547387.5k $19.3m $19.3m 2.25% Reduced -5.3k -5,311
22 Navalign, LLC 4.00% of their portfolio ENCINO, CA 348,035348.0k $17.2m $17.2m 4.00% Added +4.0k +4,028
23 Farmers National Bank 3.40% of their portfolio DANVILLE, KY 330,316330.3k $16.3m $16.3m 3.40% Added +50.1k +50,086
24 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 317,220317.2k $15.6m $15.6m 0.00% Reduced -77.9k -77,912
25 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 307,033307.0k $15.1m $15.1m 0.00% Added +514 +514
26 Pasadena Private Wealth, LLC 1.49% of their portfolio PASADENA, CA 236,853236.9k $11.7m $11.7m 1.49% Added +4.0k +3,973
27 UBS Group AG 0.00% of their portfolio ZURICH, V8 224,310224.3k $11.1m $11.1m 0.00% Reduced -24.2k -24,248
28 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 210,557210.6k $10.4m $10.4m 0.00% Reduced -85.7k -85,657
29 United Bank 3.15% of their portfolio Zebulon, GA 210,191210.2k $10.4m $10.4m 3.15% Reduced -1.1k -1,086
30 MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio DENVER, CO 199,934199.9k $9.9m $9.9m 0.01% Reduced -184.5k -184,538
31 BESSEMER GROUP INC 0.01% of their portfolio WOODBRIDGE, NJ 194,758194.8k $9.6m $9.6m 0.01% Added +1.3k +1,296
32 Ledyard National Bank 0.76% of their portfolio HANOVER, NH 192,311192.3k $9.5m $9.5m 0.76% Reduced -3.1k -3,101
33 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 190,180190.2k $9.4m $9.4m 0.01% Added +6.0k +5,965
34 STEPH & CO 2.34% of their portfolio MARINETTE, WI 187,506187.5k $9.2m $9.2m 2.34% Reduced -1.6k -1,642
35 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 186,374186.4k $9.2m $9.2m 0.00% Reduced -3.6k -3,615
36 M Holdings Securities, Inc. 1.21% of their portfolio PORTLAND, OR 179,898179.9k $8.9m $8.9m 1.21% Reduced -11.0k -11,036
37 CoreCap Advisors, LLC 0.26% of their portfolio SOUTHFIELD, MI 177,387177.4k $8.7m $8.7m 0.26% Added +2.9k +2,921
38 Roehl & Yi Investment Advisors, LLC 2.85% of their portfolio Eugene, OR 176,017176.0k $8.7m $8.7m 2.85% Added +27.1k +27,105
39 Brio Consultants, LLC 0.99% of their portfolio SAN FRANCISCO, CA 171,078171.1k $8.4m $8.4m 0.99% Added +2.8k +2,838
40 Envestnet Portfolio Solutions, Inc. 0.04% of their portfolio BERWYN, PA 168,164168.2k $8.3m $8.3m 0.04% Reduced -2.4k -2,399
41 IAG Wealth Partners, LLC 0.82% of their portfolio WAUKESHA, WI 167,566167.6k $8.3m $8.3m 0.82% Added +4.7k +4,701
42 Cornerstone National Bank & Trust Co 2.54% of their portfolio PALATINE, IL 153,255153.3k $7.5m $7.5m 2.54% Added +14.8k +14,821
43 ARKANSAS FINANCIAL GROUP, INC. 0.98% of their portfolio LITTLE ROCK, AR 151,996152.0k $7.5m $7.5m 0.98% Reduced -5.7k -5,655
44 VeraBank, N.A. 1.23% of their portfolio HENDERSON, TX 150,900150.9k $7.4m $7.4m 1.23% Added +9.6k +9,559
45 Avos Capital Management, LLC 3.04% of their portfolio SEATTLE, WA 148,285148.3k $7.3m $7.3m 3.04% Added +11.3k +11,255
46 a16z Perennial Management, L.P. 0.59% of their portfolio MENLO PARK, CA 147,066147.1k $7.2m $7.2m 0.59% New
47 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 140,849140.8k $6.9m $6.9m 0.01% Added +26.4k +26,429
48 Boltwood Capital Management 1.59% of their portfolio WALNUT CREEK, CA 140,613140.6k $6.9m $6.9m 1.59% Added +11.4k +11,377
49 CAMBIENT FAMILY OFFICE, LLC 0.83% of their portfolio ADA, MI 137,370137.4k $6.8m $6.8m 0.83% Added +107 +107
50 VAQUERO PRIVATE WEALTH, LTD 1.34% of their portfolio DALLAS, TX 131,917131.9k $6.5m $6.5m 1.34% First filing
51 Cambria Investment Management, L.P. 0.32% of their portfolio Manhattan Beach, CA 130,526130.5k $6.4m $6.4m 0.32% Reduced -68.5k -68,473
52 Beacon Pointe Advisors, LLC 0.03% of their portfolio NEWPORT BEACH, CA 127,510127.5k $6.3m $6.3m 0.03% Reduced -116 -116
53 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 125,282125.3k $6.2m $6.2m 0.00% Added +8.2k +8,183
54 Austin Wealth Management, LLC 1.26% of their portfolio Austin, TX 116,916116.9k $6.0m $6.0m 1.26% Added +1.9k +1,898
55 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 115,657115.7k $5.7m $5.7m 0.00% New
56 W1M Asset Management Ltd 0.05% of their portfolio London, X0 115,000115.0k $5.7m $5.7m 0.05% Unchanged
57 UMB Bank, n.a. 0.07% of their portfolio Kansas City, MO 113,094113.1k $5.6m $5.6m 0.07% Added +107.8k +107,817
58 Fermata Advisors, LLC 1.10% of their portfolio SONOMA, CA 110,010110.0k $5.4m $5.4m 1.10% Added +878 +878
59 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 107,803107.8k $5.3m $5.3m 0.00% Added +43.3k +43,324
60 SENTINEL TRUST CO LBA 0.43% of their portfolio HOUSTON, TX 97,69597.7k $4.8m $4.8m 0.43% New
61 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 96,95897.0k $4.8m $4.8m 0.01% Added +50.0k +49,967
62 EJMK Ventures LLC 2.11% of their portfolio ITASCA, IL 94,42094.4k $4.7m $4.7m 2.11% Added +17.9k +17,885
63 FLOW TRADERS U.S. LLC 0.18% of their portfolio NEW YORK, NY 87,45887.5k $4.3m $4.3m 0.18% Reduced -28.9k -28,854
64 Wealthfront Advisers LLC 0.01% of their portfolio Palo Alto, CA 83,86783.9k $4.1m $4.1m 0.01% Added +1.2k +1,192
65 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 80,58480.6k $4.0m $4.0m 0.00% Reduced -326 -326
66 Cullen/Frost Bankers, Inc. 0.04% of their portfolio San Antonio, TX 79,45379.5k $3.9m $3.9m 0.04% Reduced -6.8k -6,782
67 Missouri Trust & Investment Co 1.12% of their portfolio SPRINGFIELD, MO 78,71978.7k $4.1m $4.1m 1.12% Added +9.9k +9,943
68 Walkner Condon Financial Advisors LLC 0.43% of their portfolio MADISON, WI 75,22375.2k $3.7m $3.7m 0.43% Added +4.9k +4,859
69 HORIZON BANCORP INC /IN/ 1.66% of their portfolio MICHIGAN CITY, IN 72,02772.0k $3.5m $3.5m 1.66% Reduced -2.0k -2,043
70 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 71,97972.0k $3.5m $3.5m 0.00% Added +33.8k +33,839
71 OLD MISSION CAPITAL LLC 0.09% of their portfolio CHICAGO, IL 68,92568.9k $3.4m $3.4m 0.09% Reduced -49.5k -49,539
72 Foundations Investment Advisors, LLC 0.03% of their portfolio PHOENIX, AZ 66,26966.3k $3.3m $3.3m 0.03% Added +2.2k +2,202
73 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 65,80865.8k $3.2m $3.2m 0.00% Reduced -2.8k -2,811
74 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 65,57965.6k $3.2m $3.2m 0.00% Added +24.9k +24,935
75 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 65,35565.4k $3.2m $3.2m 0.00% New
76 PARK NATIONAL CORP /OH/ 0.09% of their portfolio NEWARK, OH 63,24063.2k $3.1m $3.1m 0.09% Reduced -3.3k -3,295
77 Sageworth Trust Co 0.12% of their portfolio LANCASTER, PA 61,21761.2k $3.0m $3.0m 0.12% Unchanged
78 AlTi Global, Inc. 0.06% of their portfolio NEW YORK, NY 56,72756.7k $2.8m $2.8m 0.06% Added +401 +401
79 Redwood Park Advisors LLC 1.94% of their portfolio Redwood City, CA 54,58954.6k $2.7m $2.7m 1.94% Added +4.5k +4,474
80 MARQUETTE ASSOCIATES, INC. 1.91% of their portfolio CHICAGO, IL 53,16953.2k $2.6m $2.6m 1.91% New
81 Smallwood Wealth Investment Management, LLC 1.12% of their portfolio RED BANK, NJ 52,03552.0k $2.6m $2.6m 1.12% Added +611 +611
82 CVA Family Office, LLC 0.23% of their portfolio DENVER, CO 51,32051.3k $2.5m $2.5m 0.23% Reduced -1.9k -1,928
83 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 50,09250.1k $2.5m $2.5m 0.00% Added +45.3k +45,285
84 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 48,89548.9k $2.4m $2.4m 0.00% New
85 MONECO ADVISORS, LLC 0.15% of their portfolio FAIRFIELD, CT 48,86048.9k $2.4m $2.4m 0.15% Added +429 +429
86 FIDUCIENT ADVISORS LLC 0.33% of their portfolio Chicago, IL 47,36947.4k $2.3m $2.3m 0.33% Added +25.1k +25,088
87 ENTREWEALTH, LLC 0.92% of their portfolio AUSTIN, TX 47,33747.3k $2.5m $2.5m 0.92% Added +6.7k +6,749
88 Wealthcare Advisory Partners LLC 0.04% of their portfolio WEST CHESTER, PA 47,26447.3k $2.3m $2.3m 0.04% Reduced -952 -952
89 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 46,71946.7k $2.3m $2.3m 0.00% Added +32.3k +32,342
90 Purkiss Capital Advisors LLC 0.88% of their portfolio RIDGEFIELD, CT 46,70046.7k $2.3m $2.3m 0.88% Reduced -1.3k -1,280
91 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 45,40445.4k $2.2m $2.2m 0.00% Added +3.1k +3,087
92 Spire Wealth Management 0.06% of their portfolio MCLEAN, VA 43,39543.4k $2.1m $2.1m 0.06% Reduced -1.8k -1,761
93 Mosley Wealth Management 0.67% of their portfolio ANAHEIM, CA 42,46642.5k $2.1m $2.1m 0.67% Added +40.7k +40,709
94 Fiduciary Alliance LLC 0.14% of their portfolio GREENVILLE, SC 40,83740.8k $2.0m $2.0m 0.14% Added +10.6k +10,600
95 Valeo Financial Advisors, LLC 0.04% of their portfolio CARMEL, IN 40,82840.8k $2.0m $2.0m 0.04% New
96 BLAIR WILLIAM & CO/IL 0.01% of their portfolio CHICAGO, IL 39,87339.9k $2.0m $2.0m 0.01% Added +16.9k +16,859
97 Etesian Wealth Advisors, Inc. 0.58% of their portfolio West Linn, OR 39,62639.6k $2.0m $2.0m 0.58% Added +52 +52
98 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 38,96739.0k $1.9m $1.9m 0.00% Reduced -73 -73
99 Stelac Advisory Services LLC 0.33% of their portfolio NEW YORK, NY 35,62935.6k $1.8m $1.8m 0.33% Reduced -2.1k -2,095
100 SIMON QUICK ADVISORS, LLC 0.07% of their portfolio MORRISTOWN, NJ 34,90634.9k $1.7m $1.7m 0.07% Reduced -1.5k -1,538