Vault-13

FLEXSHARES TR TDTT

IBOXX 3R TARGT · ETP · CUSIP 33939L506

114 institutional holders -9 vs Q1 2023
74,735,14774.7m shares reported held*
$1.8bnreported value*
7 new 27 added 55 reduced 20 sold out net sold ≈ $31.4m (-1.3m 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. Holder counts are more reliable. Implied quarter-end price ≈ $23.53. Options: 1 managers hold calls ($0 notional), 0 hold puts (—).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 119Q4 22: 122Q1 23: 123Q2 23: 114114Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022119
Q4 2022122
Q1 2023123
Q2 2023114

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 22: 45 bought or addedQ4 22: 70 cut or sold outQ4 22Q1 23: 52 bought or addedQ1 23: 57 cut or sold outQ1 23Q2 23: 34 bought or addedQ2 23: 75 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20224570
Q1 20235257
Q2 20233475

Biggest buyers

AJ WEALTH STRATEGIES, LLC Added +249,114+249.1k
FLOW TRADERS U.S. LLC Added +195,207+195.2k
Bell Investment Advisors, Inc Added +76,308+76.3k
VeraBank, N.A. Added +46,244+46.2k
JANE STREET GROUP, LLC Added +46,111+46.1k
Delos Wealth Advisors, LLC Added +41,560+41.6k
MML INVESTORS SERVICES, LLC Added +38,839+38.8k
Herold Advisors, Inc. Added +27,082+27.1k
MERCER GLOBAL ADVISORS INC /ADV New +26,648+26.6k
WEST PACES ADVISORS INC. Added +26,034+26.0k

Biggest sellers

NORTHERN TRUST CORP Reduced -708,736-708.7k
Systelligence, LLC Sold out -432,648-432.6k
ETF Store, Inc. Reduced -149,143-149.1k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -128,758-128.8k
BANK OF AMERICA CORP /DE/ Reduced -86,353-86.4k
HARBOUR INVESTMENTS, INC. Reduced -66,200-66.2k
WELLS FARGO & COMPANY/MN Reduced -51,417-51.4k
Dynamic Advisor Solutions LLC Reduced -50,980-51.0k
ROYAL BANK OF CANADA Reduced -43,275-43.3k
One Capital Management, LLC Sold out -38,960-39.0k

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, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NORTHERN TRUST CORP 0.28% of their portfolio CHICAGO, IL 62,038,52662.0m $1.5bn $1.5bn 0.28% Reduced -708.7k -708,736
2 Bell Investment Advisors, Inc 10.52% of their portfolio ORINDA, CA 2,014,6752.0m $47.4m $47.4m 10.52% Added +76.3k +76,308
3 WEST PACES ADVISORS INC. 9.13% of their portfolio ATLANTA, GA 1,316,9631.3m $31.0m $31.0m 9.13% Added +26.0k +26,034
4 Klingman & Associates, LLC 1.95% of their portfolio New York, NY 1,025,6191.0m $24.1m $24.1m 1.95% Added +10.8k +10,830
5 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 792,467792.5k $18.6m $18.6m 0.00% Added +6.1k +6,075
6 Cornerstone National Bank & Trust Co 8.71% of their portfolio PALATINE, IL 639,844639.8k $15.1m $15.1m 8.71% Added +7.5k +7,518
7 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 583,143583.1k $13.7m $13.7m 0.01% Reduced -693 -693
8 Valmark Advisers, Inc. 0.25% of their portfolio AKRON, OH 523,508523.5k $12.3m $12.3m 0.25% Reduced -14.7k -14,696
9 AJ WEALTH STRATEGIES, LLC 0.54% of their portfolio NEW YORK, NY 476,748476.7k $11.2m $11.2m 0.54% Added +249.1k +249,114
10 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 419,187419.2k $9.9m $9.9m 0.00% Reduced -86.4k -86,353
11 Dynamic Advisor Solutions LLC 0.39% of their portfolio PHOENIX, AZ 322,799322.8k $7.6m $7.6m 0.39% Reduced -51.0k -50,980
12 VeraBank, N.A. 2.62% of their portfolio HENDERSON, TX 289,519289.5k $6.8m $6.8m 2.62% Added +46.2k +46,244
13 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 247,181247.2k $5.8m $5.8m 0.00% Reduced -51.4k -51,417
14 FLOW TRADERS U.S. LLC 0.24% of their portfolio NEW YORK, NY 231,931231.9k $5.5m $5.5m 0.24% Added +195.2k +195,207
15 IFG Advisory, LLC 0.48% of their portfolio ATLANTA, GA 231,069231.1k $5.4m $5.4m 0.48% Reduced -16.6k -16,584
16 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 217,646217.6k $5.1m $5.1m 0.03% Added +38.8k +38,839
17 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 198,605198.6k $4.7m $4.7m 0.00% Reduced -43.3k -43,275
18 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 190,855190.9k $4.5m $4.5m 0.00% Reduced -18.6k -18,612
19 Delos Wealth Advisors, LLC 4.89% of their portfolio DALLAS, TX 162,967163.0k $3.8m $3.8m 4.89% Added +41.6k +41,560
20 HIGHLINE WEALTH PARTNERS LLC 2.33% of their portfolio SHERMAN OAKS, CA 157,356157.4k $3.7m $3.7m 2.33% Reduced -10.3k -10,264
21 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 144,468144.5k $3.4m $3.4m 0.00% Reduced -23.3k -23,332
22 ETF Store, Inc. 2.35% of their portfolio OVERLAND PARK, KS 142,719142.7k $3.3m $3.3m 2.35% Reduced -149.1k -149,143
23 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 124,501124.5k $2.9m $2.9m 0.00% Reduced -362 -362
24 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 123,624123.6k $2.9m $2.9m 0.00% Added +46.1k +46,111
25 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 119,700119.7k $2.8m $2.8m 0.01% Reduced -35.2k -35,200
26 LAKE STREET PRIVATE WEALTH, LLC 0.47% of their portfolio CHICAGO, IL 114,055114.1k $2.7m $2.7m 0.47% Added +8.4k +8,359
27 COLONY GROUP LLC 0.04% of their portfolio Boston, MA 108,149108.1k $2.5m $2.5m 0.04% Reduced -5.6k -5,620
28 PARK NATIONAL CORP /OH/ 0.10% of their portfolio NEWARK, OH 97,63597.6k $2.3m $2.3m 0.10% Added +11.0k +11,001
29 Sowell Financial Services LLC 0.10% of their portfolio NORTH LITTLE ROCK, AR 77,16777.2k $1.8m $1.8m 0.10% Reduced -17.2k -17,230
30 Norris Financial Group, LLC 1.20% of their portfolio GREENVILLE, SC 73,63273.6k $1.7m $1.7m 1.20% Added +19.5k +19,478
31 Boltwood Capital Management 0.62% of their portfolio WALNUT CREEK, CA 72,99073.0k $1.7m $1.7m 0.62% Reduced -23.5k -23,525
32 TIEMANN INVESTMENT ADVISORS, LLC 0.87% of their portfolio MENLO PARK, CA 72,46472.5k $1.7m $1.7m 0.87% Reduced -2.3k -2,309
33 UBS Group AG 0.00% of their portfolio ZURICH, V8 70,92370.9k $1.7m $1.7m 0.00% Reduced -26.6k -26,616
34 UNION SAVINGS BANK 0.95% of their portfolio LITCHFIELD, CT 67,70767.7k $1.6m $1.6m 0.95% First filing
35 MONECO ADVISORS, LLC 0.42% of their portfolio FAIRFIELD, CT 65,00865.0k $1.5m $1.5m 0.42% Reduced -2.3k -2,298
36 Legacy Bridge, LLC 1.02% of their portfolio WEST DES MOINES, IA 64,74364.7k $1.5m $1.5m 1.02% Reduced -750 -750
37 Robertson Stephens Wealth Management, LLC 0.10% of their portfolio San Francisco, CA 59,14359.1k $1.4m $1.4m 0.10% Added +2.1k +2,088
38 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 51,91451.9k $1.2m $1.2m 0.00% Reduced -9.7k -9,709
39 Herold Advisors, Inc. 0.35% of their portfolio New York, NY 48,02048.0k $1.1m $1.1m 0.35% Added +27.1k +27,082
40 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 46,64046.6k $1.1m $1.1m 0.00% Reduced -25.5k -25,459
41 GREENLEAF TRUST 0.01% of their portfolio KALAMAZOO, MI 46,20446.2k $1.1m $1.1m 0.01% Reduced -4.2k -4,217
42 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 44,77644.8k $1.1m $1.1m 0.00% Reduced -128.8k -128,758
43 VestGen Investment Management 0.30% of their portfolio EGG HARBOR TOWNSHIP, NJ 43,93143.9k $1.0m $1.0m 0.30% Added +7.0k +6,997
44 Empirical Asset Management, LLC 0.89% of their portfolio WELLESLEY, MA 42,66542.7k $1.0m $1.0m 0.89% Added +2.1k +2,060
45 INTERACTIVE FINANCIAL ADVISORS, INC. 0.64% of their portfolio New Lenox, IL 40,31240.3k $948.5k $948.5k 0.64% Reduced -7.3k -7,307
46 Colonial River Investments, LLC 0.56% of their portfolio MIDLOTHIAN, VA 36,40236.4k $856.5k $856.5k 0.56% Reduced -612 -612
47 Strategic Financial Concepts, LLC 0.30% of their portfolio SAN ANTONIO, TX 34,72634.7k $817.1k $817.1k 0.30% Reduced -1.1k -1,099
48 Wealthcare Advisory Partners LLC 0.03% of their portfolio WEST CHESTER, PA 32,37732.4k $761.8k $761.8k 0.03% Added +7.9k +7,872
49 Focus Financial Network, Inc. 0.04% of their portfolio MINNEAPOLIS, MN 28,02028.0k $659.3k $659.3k 0.04% Reduced -282 -282
50 Gerber Kawasaki Wealth & Investment Management 0.04% of their portfolio SANTA MONICA, CA 27,17527.2k $639.4k $639.4k 0.04% Reduced -1.3k -1,300
51 Virtue Capital Management, LLC 0.11% of their portfolio BRENTWOOD, TN 27,13427.1k $633.0k $633.0k 0.11% Reduced -14.9k -14,938
52 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 26,64826.6k $627.0k $627.0k 0.00% New
53 Sonoma Private Wealth LLC 1.06% of their portfolio San Francisco, CA 25,88525.9k $609.1k $609.1k 1.06% Reduced -3.2k -3,172
54 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 22,84522.8k $537.5k $537.5k 0.00% Reduced -26.9k -26,939
55 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 22,24722.2k $523.5k $523.5k 0.00% Reduced -3.5k -3,536
56 Kovack Advisors, Inc. 0.07% of their portfolio FT. LAUDERDALE, FL 22,00022.0k $517.7k $517.7k 0.07% Unchanged
57 First Heartland Consultants, Inc. 0.06% of their portfolio LAKE ST. LOUIS, MO 20,79120.8k $489.2k $489.2k 0.06% Reduced -19.9k -19,861
58 PINNACLE ASSOCIATES LTD 0.01% of their portfolio NEW YORK, NY 19,84619.8k $467.0k $467.0k 0.01% Reduced -2.8k -2,756
59 Ten Capital Wealth Advisors, LLC 0.13% of their portfolio SPOKANE, WA 19,00019.0k $447.0k $447.0k 0.13% New
60 Passive Capital Management, LLC. 0.19% of their portfolio BALTIMORE, MD 18,80018.8k $442.4k $442.4k 0.19% Reduced -2.8k -2,774
61 FIDUCIENT ADVISORS LLC 0.12% of their portfolio Chicago, IL 16,94016.9k $398.6k $398.6k 0.12% Unchanged
62 Rehmann Capital Advisory Group 0.03% of their portfolio LANSING, MI 15,76415.8k $370.9k $370.9k 0.03% Added +430 +430
63 OneAscent Wealth Management LLC 0.17% of their portfolio BIRMINGHAM, AL 15,60615.6k $367.0k $367.0k 0.17% Unchanged
64 Endowment Wealth Management, Inc. 0.32% of their portfolio APPLETON, WI 14,83214.8k $349.0k $349.0k 0.32% Reduced -503 -503
65 Pinnacle Wealth Management Advisory Group, LLC 0.04% of their portfolio RED BANK, NJ 14,72914.7k $346.6k $346.6k 0.04% Reduced -2.7k -2,663
66 Forza Wealth Management, LLC 0.17% of their portfolio SARASOTA, FL 14,00014.0k $329.4k $329.4k 0.17% Unchanged
67 SVB WEALTH LLC 0.01% of their portfolio BOSTON, MA 12,54412.5k $295.2k $295.2k 0.01% Reduced -5.6k -5,573
68 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 12,32112.3k $289.9k $289.9k 0.00% Added +223 +223
69 Hennion & Walsh Asset Management, Inc. 0.02% of their portfolio Parsippany, NJ 11,98112.0k $282.0k $282.0k 0.02% New
70 CoreCap Advisors, LLC 0.02% of their portfolio SOUTHFIELD, MI 11,60611.6k $273.1k $273.1k 0.02% First filing
71 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 11,58411.6k $274.7k $274.7k 0.00% Reduced -1.4k -1,375
72 Mariner, LLC 0.00% of their portfolio Overland Park, KS 11,53011.5k $271.0k $271.0k 0.00% Reduced -276 -276
73 Archer Investment Corp 0.09% of their portfolio Carmel, IN 11,06511.1k $260.4k $260.4k 0.09% Unchanged
74 COURIER CAPITAL LLC 0.02% of their portfolio BUFFALO, NY 10,74110.7k $252.7k $252.7k 0.02% Reduced -274 -274
75 Parallel Advisors, LLC 0.01% of their portfolio SAN FRANCISCO, CA 10,60710.6k $249.6k $249.6k 0.01% Unchanged
76 3D/L Capital Management, LLC 0.07% of their portfolio Hartford, CT 9,95910.0k $234.3k $234.3k 0.07% Added +134 +134
77 Castle Rock Wealth Management, LLC 0.07% of their portfolio WALNUT CREEK, CA 9,1309.1k $213.0k $213.0k 0.07% Unchanged
78 J.W. COLE ADVISORS, INC. 0.02% of their portfolio TAMPA, FL 9,1189.1k $214.5k $214.5k 0.02% Added +4 +4
79 Cherry Tree Wealth Management, LLC 0.06% of their portfolio MINNETONKA, MN 9,1109.1k $214.4k $214.4k 0.06% First filing
80 Arcataur Capital Management LLC 0.09% of their portfolio MILWAUKEE, WI 9,0789.1k $213.6k $213.6k 0.09% First filing
81 CWM, LLC 0.00% of their portfolio OMAHA, NE 7,2517.3k $171.0k $171.0k 0.00% Reduced -5.5k -5,500
82 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 6,7076.7k $157.8k $157.8k 0.00% Reduced -500 -500
83 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 5,7885.8k $136.2k $136.2k 0.00% Reduced -3.1k -3,100
84 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 5,2155.2k $122.7k $122.7k 0.00% Reduced -8.1k -8,125
85 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 4,3584.4k $102.5k $102.5k 0.00% Reduced -9 -9
86 North Star Investment Management Corp. 0.01% of their portfolio CHICAGO, IL 4,2484.2k $100.0k $100.0k 0.01% Unchanged
87 AlphaCore Capital LLC 0.01% of their portfolio LA JOLLA, CA 3,9704.0k $93.4k $93.4k 0.01% Unchanged
88 Caldwell Trust Co 0.01% of their portfolio Venice, FL 3,6743.7k $86.4k $86.4k 0.01% Unchanged
89 HOLLENCREST CAPITAL MANAGEMENT 0.01% of their portfolio NEWPORT BEACH, CA 3,5363.5k $83.2k $83.2k 0.01% Added +1.6k +1,611
90 Advisors Asset Management, Inc. 0.00% of their portfolio Monument, CO 3,2253.2k $75.9k $75.9k 0.00% New
91 PRIVATE TRUST CO NA 0.01% of their portfolio CLEVELAND, OH 2,0152.0k $47.4k $47.4k 0.01% Added +215 +215
92 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 1,8071.8k $42.5k $42.5k 0.00% Reduced -1.3k -1,296
93 GABLES CAPITAL MANAGEMENT INC. 0.03% of their portfolio MIAMI, FL 1,6511.7k $38.8k $38.8k 0.03% New
94 CENTRAL TRUST Co 0.00% of their portfolio JEFFERSON CITY, MO 1,5181.5k $35.7k $35.7k 0.00% Unchanged
95 Versant Capital Management, Inc 0.01% of their portfolio PHOENIX, AZ 1,4841.5k $34.9k $34.9k 0.01% Unchanged
96 COUNTRY TRUST BANK 0.00% of their portfolio Bloomington, IL 1,3321.3k $33.3k $33.3k 0.00% New
97 BROWN BROTHERS HARRIMAN & CO 0.00% of their portfolio NEW YORK, NY 1,2771.3k $30.0k $30.0k 0.00% Unchanged
98 First Horizon Advisors, Inc. 0.00% of their portfolio MEMPHIS, TN 1,2281.2k $28.9k $28.9k 0.00% Reduced -412 -412
99 Key Financial Inc 0.01% of their portfolio WEST CHESTER, PA 1,0301.0k $24.2k $24.2k 0.01% Unchanged
100 CNB Bank 0.01% of their portfolio CLEARFIELD, PA 997997 $23.5k $23.5k 0.01% Reduced -10 -10