Vault-13

FLEXSHARES TR TDTT

IBOXX 3R TARGT · ETP · CUSIP 33939L506

104 institutional holders +1 vs Q4 2024
94,768,61794.8m shares reported held*
$2.3bnreported value*
15 new 42 added 26 reduced 15 sold out net bought ≈ $381.7m (+15.7m 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 ($487.6k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $24.38. Options: 1 managers hold calls ($0 notional), 0 hold puts (—).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 119Q4 22: 122Q1 23: 123Q2 23: 114Q3 23: 107Q4 23: 106Q1 24: 95Q2 24: 108Q3 24: 97Q4 24: 103Q1 25: 104104Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022119
Q4 2022122
Q1 2023123
Q2 2023114
Q3 2023107
Q4 2023106
Q1 202495
Q2 2024108
Q3 202497
Q4 2024103
Q1 2025104

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 23: 34 bought or addedQ2 23: 75 cut or sold outQ3 23: 34 bought or addedQ3 23: 67 cut or sold outQ3 23Q4 23: 33 bought or addedQ4 23: 70 cut or sold outQ1 24: 33 bought or addedQ1 24: 63 cut or sold outQ1 24Q2 24: 42 bought or addedQ2 24: 52 cut or sold outQ3 24: 33 bought or addedQ3 24: 62 cut or sold outQ3 24Q4 24: 48 bought or addedQ4 24: 41 cut or sold outQ1 25: 57 bought or addedQ1 25: 41 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20233475
Q3 20233467
Q4 20233370
Q1 20243363
Q2 20244252
Q3 20243362
Q4 20244841
Q1 20255741

Biggest buyers

NORTHERN TRUST CORP Added +14,904,852+14.9m
ENVESTNET ASSET MANAGEMENT INC Added +462,247+462.2k
MML INVESTORS SERVICES, LLC Added +186,058+186.1k
Boltwood Capital Management Added +77,705+77.7k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +59,858+59.9k
ROYAL BANK OF CANADA Added +58,645+58.6k
5th Street Advisors, LLC Added +53,897+53.9k
JANE STREET GROUP, LLC Added +51,184+51.2k
Mutual Advisors, LLC New +38,117+38.1k
Granite Harbor Advisors, Inc. New +34,931+34.9k

Biggest sellers

WELLS FARGO & COMPANY/MN Reduced -154,819-154.8k
FLOW TRADERS U.S. LLC Sold out -112,100-112.1k
Focus Partners Wealth Sold out -105,502-105.5k
Bolthouse Investments, LLC Sold out -52,214-52.2k
Cornerstone National Bank & Trust Co Reduced -52,134-52.1k
B. Riley Wealth Advisors, Inc. Sold out -33,419-33.4k
HORIZON BANCORP INC /IN/ Reduced -29,235-29.2k
TWO SIGMA SECURITIES, LLC Sold out -18,132-18.1k
Wealthcare Advisory Partners LLC Sold out -16,136-16.1k
Cerity Partners LLC Reduced -13,093-13.1k

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 0.30% of their portfolio CHICAGO, IL 83,413,68883.4m $2.0bn $2.0bn 0.30% Added +14.9m +14,904,852
2 Bell Investment Advisors, Inc 8.02% of their portfolio ORINDA, CA 1,780,9291.8m $43.4m $43.4m 8.02% Added +13.1k +13,057
3 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 1,455,0191.5m $35.5m $35.5m 0.01% Added +462.2k +462,247
4 WEST PACES ADVISORS INC. 6.40% of their portfolio ATLANTA, GA 1,153,1691.2m $28.1m $28.1m 6.40% Added +25.5k +25,469
5 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 745,595745.6k $18.2m $18.2m 0.00% Reduced -4.2k -4,240
6 Boltwood Capital Management 4.77% of their portfolio WALNUT CREEK, CA 643,334643.3k $15.7m $15.7m 4.77% Added +77.7k +77,705
7 MML INVESTORS SERVICES, LLC 0.04% of their portfolio SPRINGFIELD, MA 513,804513.8k $12.5m $12.5m 0.04% Added +186.1k +186,058
8 Valmark Advisers, Inc. 0.19% of their portfolio AKRON, OH 508,840508.8k $12.4m $12.4m 0.19% Added +2.5k +2,490
9 5th Street Advisors, LLC 5.73% of their portfolio Southport, CT 487,702487.7k $11.9m $11.9m 5.73% Added +53.9k +53,897
10 VeraBank, N.A. 2.56% of their portfolio HENDERSON, TX 376,187376.2k $9.2m $9.2m 2.56% Added +14.7k +14,696
11 HORIZON BANCORP INC /IN/ 4.55% of their portfolio MICHIGAN CITY, IN 330,043330.0k $8.0m $8.0m 4.55% Reduced -29.2k -29,235
12 Klingman & Associates, LLC 0.45% of their portfolio New York, NY 304,329304.3k $7.4m $7.4m 0.45% Reduced -1.7k -1,681
13 Cornerstone National Bank & Trust Co 3.14% of their portfolio PALATINE, IL 288,288288.3k $7.0m $7.0m 3.14% Reduced -52.1k -52,134
14 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 225,066225.1k $5.5m $5.5m 0.00% Reduced -154.8k -154,819
15 Delos Wealth Advisors, LLC 3.71% of their portfolio DALLAS, TX 192,248192.2k $4.7m $4.7m 3.71% Reduced -2.4k -2,410
16 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 177,772177.8k $4.3m $4.3m 0.00% Added +21.6k +21,609
17 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 164,162164.2k $4.0m $4.0m 0.00% Added +26.3k +26,308
18 LAKE STREET PRIVATE WEALTH, LLC 0.61% of their portfolio CHICAGO, IL 154,869154.9k $3.8m $3.8m 0.61% Added +8.3k +8,254
19 Burt Wealth Advisors 0.79% of their portfolio North Bethesda, MD 128,602128.6k $3.1m $3.1m 0.79% Reduced -8.1k -8,110
20 PARK NATIONAL CORP /OH/ 0.10% of their portfolio NEWARK, OH 111,340111.3k $2.7m $2.7m 0.10% Added +31.1k +31,099
21 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 106,723106.7k $2.6m $2.6m 0.00% Added +12.0k +12,038
22 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 97,49797.5k $2.4m $2.4m 0.00% Added +58.6k +58,645
23 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 92,28592.3k $2.2m $2.2m 0.00% Added +51.2k +51,184
24 IFG Advisory, LLC 0.12% of their portfolio ATLANTA, GA 90,19890.2k $2.2m $2.2m 0.12% Added +172 +172
25 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 88,30888.3k $2.2m $2.2m 0.00% Added +1.5k +1,490
26 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 77,80977.8k $1.9m $1.9m 0.00% Added +59.9k +59,858
27 VestGen Investment Management 1.25% of their portfolio EGG HARBOR TOWNSHIP, NJ 68,20268.2k $1.7m $1.7m 1.25% Added +10.5k +10,458
28 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 42,38342.4k $1.0m $1.0m 0.00% Reduced -13.1k -13,093
29 TIEMANN INVESTMENT ADVISORS, LLC 0.45% of their portfolio MENLO PARK, CA 40,91640.9k $997.6k $997.6k 0.45% Added +6.9k +6,925
30 Mutual Advisors, LLC 0.03% of their portfolio OMAHA, NE 38,11738.1k $925.9k $925.9k 0.03% New
31 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 36,11836.1k $880.6k $880.6k 0.00% Added +15.6k +15,556
32 Granite Harbor Advisors, Inc. 0.45% of their portfolio Houston, TX 34,93134.9k $851.6k $851.6k 0.45% New
33 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 33,86233.9k $826.0k $826.0k 0.00% Added +218 +218
34 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 33,82033.8k $825.0k $825.0k 0.00% Reduced -3.8k -3,795
35 Lynx Investment Advisory 0.53% of their portfolio WASHINGTON, DC, DC 32,81232.8k $799.9k $799.9k 0.53% Added +3.7k +3,736
36 F/m Investments LLC 0.03% of their portfolio WASHINGTON, DC 31,52831.5k $769.0k $769.0k 0.03% Unchanged
37 MONECO ADVISORS, LLC 0.08% of their portfolio FAIRFIELD, CT 31,13531.1k $759.1k $759.1k 0.08% Added +5 +5
38 Empirical Asset Management, LLC 0.25% of their portfolio WELLESLEY, MA 30,63630.6k $746.9k $746.9k 0.25% Added +3.3k +3,296
39 Trace Wealth Advisors, LLC 0.65% of their portfolio Los Angeles, CA 29,72629.7k $724.7k $724.7k 0.65% Unchanged
40 INTERACTIVE FINANCIAL ADVISORS, INC. 0.35% of their portfolio New Lenox, IL 27,43627.4k $668.9k $668.9k 0.35% Reduced -131 -131
41 Freedom Investment Management, Inc. 0.05% of their portfolio SOUTH WINDSOR, CT 26,53626.5k $647.0k $647.0k 0.05% Added +12.1k +12,080
42 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 24,60324.6k $599.8k $599.8k 0.00% Reduced -2.5k -2,453
43 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 23,92323.9k $583.0k $583.0k 0.00% New
44 FFT WEALTH MANAGEMENT LLC 0.12% of their portfolio PHILADELPHIA, PA 23,33723.3k $569.0k $569.0k 0.12% Added +12.6k +12,618
45 Dynamic Advisor Solutions LLC 0.02% of their portfolio PHOENIX, AZ 22,13922.1k $539.8k $539.8k 0.02% Reduced -1.9k -1,905
46 Dorsey & Whitney Trust CO LLC 0.03% of their portfolio SIOUX FALLS, SD 21,65321.7k $527.9k $527.9k 0.03% New
47 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 20,10520.1k $490.2k $490.2k 0.00% Added +17.3k +17,302
48 OLD MISSION CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 19,31719.3k $470.9k $470.9k 0.01% New
49 Clearstead Advisors, LLC 0.01% of their portfolio CLEVELAND, OH 17,92917.9k $437.1k $437.1k 0.01% New
50 Cherry Tree Wealth Management, LLC 0.10% of their portfolio MINNETONKA, MN 17,45217.5k $425.5k $425.5k 0.10% Unchanged
51 WEDBUSH SECURITIES INC 0.02% of their portfolio PASADENA, CA 16,82216.8k $410.0k $410.0k 0.02% Reduced -1.2k -1,159
52 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 16,37116.4k $399.1k $399.1k 0.01% Unchanged
53 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 16,04616.0k $391.2k $391.2k 0.00% Unchanged
54 M.E. ALLISON & CO., INC. 0.38% of their portfolio SAN ANTONIO, TX 15,97216.0k $389.4k $389.4k 0.38% Added +13 +13
55 ABSOLUTE CAPITAL MANAGEMENT, LLC 0.22% of their portfolio Pittsburgh, PA 15,76515.8k $384.4k $384.4k 0.22% Added +5.6k +5,553
56 CHOREO, LLC 0.01% of their portfolio ROCKFORD, IL 15,00015.0k $365.7k $365.7k 0.01% Unchanged
57 Caldwell Trust Co 0.04% of their portfolio Venice, FL 14,77414.8k $360.2k $360.2k 0.04% Added +10.3k +10,337
58 Archer Investment Corp 0.09% of their portfolio Carmel, IN 14,34814.3k $349.8k $349.8k 0.09% Unchanged
59 Virtue Capital Management, LLC 0.04% of their portfolio BRENTWOOD, TN 14,04714.0k $342.5k $342.5k 0.04% New
60 Kovack Advisors, Inc. 0.04% of their portfolio FT. LAUDERDALE, FL 14,00014.0k $341.3k $341.3k 0.04% Reduced -1.0k -1,000
61 Forza Wealth Management, LLC 0.15% of their portfolio SARASOTA, FL 14,00014.0k $341.3k $341.3k 0.15% Unchanged
62 CoreCap Advisors, LLC 0.01% of their portfolio SOUTHFIELD, MI 13,63513.6k $332.4k $332.4k 0.01% Added +2.5k +2,454
63 Holcombe Financial, Inc. 0.27% of their portfolio ATLANTA, GA 13,27413.3k $323.6k $323.6k 0.27% Added +161 +161
64 AWM CAPITAL, LLC 0.04% of their portfolio Phoenix, AZ 12,84412.8k $313.1k $313.1k 0.04% Added +27 +27
65 CERTUITY, LLC 0.03% of their portfolio NORTH PALM BEACH, FL 12,60012.6k $307.2k $307.2k 0.03% New
66 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 11,91211.9k $290.4k $290.4k 0.00% New
67 Focus Financial Network, Inc. 0.01% of their portfolio MINNEAPOLIS, MN 11,08211.1k $270.2k $270.2k 0.01% Reduced -375 -375
68 UBS Group AG 0.00% of their portfolio ZURICH, V8 10,61710.6k $258.8k $258.8k 0.00% Reduced -5.7k -5,740
69 GREENLEAF TRUST 0.00% of their portfolio KALAMAZOO, MI 10,15110.2k $247.5k $247.5k 0.00% Reduced -8.0k -7,995
70 Sequoia Financial Advisors, LLC 0.00% of their portfolio Akron, OH 10,10010.1k $246.2k $246.2k 0.00% New
71 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 9,8999.9k $241.3k $241.3k 0.00% New
72 OneAscent Wealth Management LLC 0.10% of their portfolio BIRMINGHAM, AL 9,6839.7k $236.0k $236.0k 0.10% Reduced -744 -744
73 Gerber Kawasaki Wealth & Investment Management 0.01% of their portfolio SANTA MONICA, CA 9,0959.1k $221.7k $221.7k 0.01% Added +4 +4
74 CENTAURUS FINANCIAL, INC. 0.01% of their portfolio ANAHEIM, CA 6,0306.0k $147.0k $147.0k 0.01% Reduced -245 -245
75 BOKF, NA 0.00% of their portfolio TULSA, OK 5,9816.0k $145.8k $145.8k 0.00% New
76 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 5,7265.7k $138.5k $138.5k 0.00% Added +5.3k +5,251
77 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 4,7374.7k $115.5k $115.5k 0.00% Unchanged
78 Cullen/Frost Bankers, Inc. 0.00% of their portfolio San Antonio, TX 3,5753.6k $87.2k $87.2k 0.00% Reduced -10.0k -10,000
79 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 3,3583.4k $81.9k $81.9k 0.00% Reduced -1.0k -1,000
80 COMERICA BANK 0.00% of their portfolio DALLAS, TX 3,0003.0k $73.1k $73.1k 0.00% Reduced -546 -546
81 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 2,6572.7k $64.7k $64.7k 0.00% Added +2.0k +2,015
82 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 2,4302.4k $59.2k $59.2k 0.00% Added +841 +841
83 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,0052.0k $48.9k $48.9k 0.00% Reduced -1.7k -1,689
84 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 1,6821.7k $41.0k $41.0k 0.00% New
85 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 1,5431.5k $37.4k $37.4k 0.00% Added +1.2k +1,247
86 MARQUETTE ASSOCIATES, INC. 0.04% of their portfolio CHICAGO, IL 1,5251.5k $37.2k $37.2k 0.04% Added +345 +345
87 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 1,0001.0k $23.6k $23.6k 0.00% Unchanged
88 CWM, LLC 0.00% of their portfolio OMAHA, NE 851851 $21.0k $21.0k 0.00% Reduced -202 -202
89 Versant Capital Management, Inc 0.00% of their portfolio PHOENIX, AZ 584584 $14.2k $14.2k 0.00% Unchanged
90 ORG Partners LLC 0.00% of their portfolio ROANOKE, IN 518518 $12.5k $12.5k 0.00% Unchanged
91 Key Financial Inc 0.00% of their portfolio WEST CHESTER, PA 481481 $11.7k $11.7k 0.00% Unchanged
92 Bank of New Hampshire 0.00% of their portfolio LACONIA, NH 435435 $10.6k $10.6k 0.00% Unchanged
93 OPTIMUM INVESTMENT ADVISORS 0.00% of their portfolio Chicago, IL 393393 $9.6k $9.6k 0.00% Unchanged
94 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 349349 $8.5k $8.5k 0.00% Reduced -674 -674
95 FMR LLC 0.00% of their portfolio BOSTON, MA 337337 $8.2k $8.2k 0.00% Unchanged
96 Wilmington Savings Fund Society, FSB 0.00% of their portfolio WILMINGTON, DE 336336 $8.2k $8.2k 0.00% Unchanged
97 Activest Wealth Management 0.00% of their portfolio AVENTURA, FL 318318 $7.7k $7.7k 0.00% Added +1 +1
98 PSI Advisors, LLC 0.00% of their portfolio TAMPA, FL 171171 $4.2k $4.2k 0.00% Reduced -83 -83
99 UNION SAVINGS BANK 0.00% of their portfolio LITCHFIELD, CT 8181 $2.0k $2.0k 0.00% Unchanged
100 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 2424 $585 $585 0.00% New