Vault-13

FLEXSHARES TR TDTF

IBOXX 5YR TRGT · ETP · CUSIP 33939L605

65 institutional holders -3 vs Q1 2025
32,108,99832.1m shares reported held*
$773.3mreported value*
6 new 32 added 19 reduced 9 sold out net bought ≈ $18.8m (+780.6k 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 ($2.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $24.08. Options: 1 managers hold calls ($0 notional), 0 hold puts (—).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 66Q4 22: 60Q1 23: 64Q2 23: 66Q3 23: 67Q4 23: 73Q1 24: 63Q2 24: 61Q3 24: 57Q4 24: 69Q1 25: 68Q2 25: 6565Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202266
Q4 202260
Q1 202364
Q2 202366
Q3 202367
Q4 202373
Q1 202463
Q2 202461
Q3 202457
Q4 202469
Q1 202568
Q2 202565

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q3 23: 32 bought or addedQ3 23: 25 cut or sold outQ4 23: 27 bought or addedQ4 23: 44 cut or sold outQ4 23Q1 24: 28 bought or addedQ1 24: 40 cut or sold outQ2 24: 18 bought or addedQ2 24: 41 cut or sold outQ2 24Q3 24: 22 bought or addedQ3 24: 31 cut or sold outQ4 24: 31 bought or addedQ4 24: 26 cut or sold outQ4 24Q1 25: 32 bought or addedQ1 25: 30 cut or sold outQ2 25: 38 bought or addedQ2 25: 28 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20233225
Q4 20232744
Q1 20242840
Q2 20241841
Q3 20242231
Q4 20243126
Q1 20253230
Q2 20253828

Biggest buyers

NORTHERN TRUST CORP Added +1,931,019+1.9m
AMERIPRISE FINANCIAL INC Added +526,977+527.0k
Farmers National Bank Added +208,036+208.0k
Rockefeller Capital Management L.P. Added +161,480+161.5k
Wealth Architects, LLC Added +146,879+146.9k
BANK OF AMERICA CORP /DE/ Added +78,926+78.9k
Bank of New York Mellon Corp Added +67,690+67.7k
JANE STREET GROUP, LLC Added +62,672+62.7k
Cheviot Value Management, LLC Added +61,265+61.3k
FLOW TRADERS U.S. LLC Added +50,706+50.7k

Biggest sellers

Blue Trust, Inc. Reduced -2,517,288-2.5m
Vident Advisory, LLC Reduced -266,329-266.3k
Atria Wealth Solutions, Inc. Sold out -11,164-11.2k
TWO SIGMA SECURITIES, LLC Sold out -10,860-10.9k
VeraBank, N.A. Reduced -10,741-10.7k
M&T Bank Corp Sold out -10,012-10.0k
Kestra Advisory Services, LLC Sold out -9,690-9.7k
MERCER GLOBAL ADVISORS INC /ADV Reduced -8,681-8.7k
Clearstead Advisors, LLC Reduced -7,248-7.2k
RAYMOND JAMES FINANCIAL INC Reduced -3,090-3.1k

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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NORTHERN TRUST CORP 0.06% of their portfolio CHICAGO, IL 17,177,98017.2m $413.6m $413.6m 0.06% Added +1.9m +1,931,019
2 Blue Trust, Inc. 1.26% of their portfolio BRENTWOOD, TN 4,436,5714.4m $106.8m $106.8m 1.26% Reduced -2.5m -2,517,288
3 Wealth Architects, LLC 6.62% of their portfolio MOUNTAIN VIEW, CA 2,704,8132.7m $65.1m $65.1m 6.62% Added +146.9k +146,879
4 Capital Analysts, LLC 2.02% of their portfolio FORT WASHINGTON, PA 2,516,4222.5m $60.6m $60.6m 2.02% Added +31.1k +31,130
5 Cheviot Value Management, LLC 2.59% of their portfolio BEVERLY HILLS, CA 935,714935.7k $22.6m $22.6m 2.59% Added +61.3k +61,265
6 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 690,149690.1k $16.6m $16.6m 0.00% Added +527.0k +526,977
7 Farmers National Bank 3.05% of their portfolio DANVILLE, KY 480,737480.7k $11.6m $11.6m 3.05% Added +208.0k +208,036
8 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 324,826324.8k $7.8m $7.8m 0.01% Added +161.5k +161,480
9 UBS Group AG 0.00% of their portfolio ZURICH, V8 247,517247.5k $6.0m $6.0m 0.00% Added +3.2k +3,190
10 Vident Advisory, LLC 0.06% of their portfolio Alpharetta, GA 233,247233.2k $5.6m $5.6m 0.06% Reduced -266.3k -266,329
11 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 230,683230.7k $5.6m $5.6m 0.00% Added +78.9k +78,926
12 COURIER CAPITAL LLC 0.32% of their portfolio BUFFALO, NY 215,866215.9k $5.2m $5.2m 0.32% Added +11.7k +11,659
13 IFG Advisory, LLC 0.25% of their portfolio ATLANTA, GA 202,970203.0k $4.9m $4.9m 0.25% Added +21.3k +21,319
14 AVANTAX ADVISORY SERVICES, INC. 0.02% of their portfolio DALLAS, TX 183,772183.8k $4.4m $4.4m 0.02% Reduced -2.9k -2,878
15 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 163,730163.7k $3.9m $3.9m 0.00% Added +3.5k +3,541
16 Kendall Capital Management 1.02% of their portfolio ROCKVILLE, MD 160,762160.8k $3.9m $3.9m 1.02% Added +11.1k +11,062
17 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 150,428150.4k $3.6m $3.6m 0.00% Added +67.7k +67,690
18 FLOW TRADERS U.S. LLC 0.12% of their portfolio NEW YORK, NY 137,601137.6k $3.3m $3.3m 0.12% Added +50.7k +50,706
19 Yoder Wealth Management, Inc. 1.16% of their portfolio WALNUT CREEK, CA 92,67092.7k $2.2m $2.2m 1.16% Reduced -426 -426
20 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 80,15780.2k $1.9m $1.9m 0.00% Added +62.7k +62,672
21 BFSG, LLC 0.18% of their portfolio IRVINE, CA 66,27566.3k $1.6m $1.6m 0.18% Reduced -188 -188
22 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 64,09664.1k $1.5m $1.5m 0.00% Added +42.3k +42,273
23 Chesapeake Wealth Management 0.50% of their portfolio WILLIAMSBURG, VA 62,81762.8k $1.5m $1.5m 0.50% Added +3.8k +3,790
24 OneDigital Investment Advisors LLC 0.01% of their portfolio OVERLAND PARK, KS 53,28053.3k $1.3m $1.3m 0.01% Added +38.2k +38,161
25 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 46,78746.8k $1.1m $1.1m 0.00% Added +35.4k +35,444
26 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 44,96245.0k $1.1m $1.1m 0.00% Added +2.6k +2,637
27 Stratos Investment Management, LLC 0.05% of their portfolio BEACHWOOD, OH 44,53144.5k $1.1m $1.1m 0.05% Reduced -297 -297
28 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 43,39543.4k $1.0m $1.0m 0.00% Added +1.5k +1,519
29 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 40,36740.4k $972.0k $972.0k 0.00% Reduced -331 -331
30 TIEMANN INVESTMENT ADVISORS, LLC 0.38% of their portfolio MENLO PARK, CA 38,95639.0k $938.1k $938.1k 0.38% Added +5.5k +5,500
31 TBH Global Asset Management, LLC 0.17% of their portfolio Brentwood, TN 32,13932.1k $773.9k $773.9k 0.17% New
32 Bell Investment Advisors, Inc 0.13% of their portfolio ORINDA, CA 30,89030.9k $743.8k $743.8k 0.13% New
33 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 29,68829.7k $714.8k $714.8k 0.00% Added +19.9k +19,878
34 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 27,28027.3k $657.0k $657.0k 0.00% Added +13.9k +13,937
35 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 25,92725.9k $624.3k $624.3k 0.00% Reduced -3.1k -3,090
36 L.M. KOHN & COMPANY 0.15% of their portfolio CINCINNATI, OH 22,90222.9k $551.5k $551.5k 0.15% Reduced -63 -63
37 CLG LLC 0.16% of their portfolio Long Beach, CA 21,62521.6k $520.7k $520.7k 0.16% New
38 VeraBank, N.A. 0.09% of their portfolio HENDERSON, TX 18,23718.2k $439.1k $439.1k 0.09% Reduced -10.7k -10,741
39 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 16,55116.6k $399.0k $399.0k 0.00% Added +938 +938
40 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 14,39114.4k $346.5k $346.5k 0.00% Reduced -633 -633
41 KMT WEALTH MANAGEMENT, LLC 0.19% of their portfolio HERMOSA BEACH, CA 13,21413.2k $318.2k $318.2k 0.19% Unchanged
42 Clearstead Advisors, LLC 0.00% of their portfolio CLEVELAND, OH 12,72212.7k $306.3k $306.3k 0.00% Reduced -7.2k -7,248
43 GREENLEAF TRUST 0.00% of their portfolio KALAMAZOO, MI 11,99812.0k $288.9k $288.9k 0.00% Added +1.8k +1,775
44 COMERICA BANK 0.00% of their portfolio DALLAS, TX 10,21210.2k $245.9k $245.9k 0.00% Added +10 +10
45 Shared Vision Wealth Group LLC 0.12% of their portfolio CARLSBAD, X1 9,7119.7k $233.6k $233.6k 0.12% Unchanged
46 Betterment LLC 0.00% of their portfolio NEW YORK, NY 9,2329.2k $222.0k $222.0k 0.00% Reduced -320 -320
47 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 9,2179.2k $221.9k $221.9k 0.00% Reduced -8.7k -8,681
48 Investors Research Corp 0.03% of their portfolio ATLANTA, GA 7,0447.0k $169.6k $169.6k 0.03% Added +332 +332
49 Advisors Preferred, LLC 0.03% of their portfolio ROCKVILLE, MD 6,9877.0k $167.3k $167.3k 0.03% New
50 Rock Creek Group LLC 0.02% of their portfolio Washington, DC 6,1746.2k $149.0k $149.0k 0.02% New
51 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 5,0905.1k $122.6k $122.6k 0.00% Reduced -360 -360
52 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 2,8992.9k $69.7k $69.7k 0.00% Added +282 +282
53 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,0852.1k $50.2k $50.2k 0.00% Reduced -5 -5
54 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 1,9101.9k $46.0k $46.0k 0.00% Reduced -12 -12
55 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 1,8801.9k $45.3k $45.3k 0.00% Reduced -1.5k -1,549
56 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 1,6451.6k $39.6k $39.6k 0.00% Added +1.6k +1,579
57 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 1,4271.4k $34.4k $34.4k 0.00% New
58 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 1,3361.3k $32.2k $32.2k 0.00% Unchanged
59 Kentucky Trust Co 0.01% of their portfolio DANVILLE, KY 581581 $14.0k $14.0k 0.01% Unchanged
60 Colonial Trust Co / SC 0.00% of their portfolio SPARTANBURG, SC 555555 $13.4k $13.4k 0.00% Reduced -286 -286
61 Promus Capital, LLC 0.00% of their portfolio CHICAGO, IL 412412 $9.9k $9.9k 0.00% Added +206 +206
62 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 280280 $6.7k $6.7k 0.00% Unchanged
63 Key Financial Inc 0.00% of their portfolio WEST CHESTER, PA 141141 $3.4k $3.4k 0.00% Unchanged
64 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 117117 $2.8k $2.8k 0.00% Unchanged
65 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged