Vault-13

FLEXSHARES TR BNDC

CRE SLCT BD FD · ETP · CUSIP 33939L670

32 institutional holders +2 vs Q3 2025
5,667,0255.7m shares reported held*
$126.7mreported value*
4 new 14 added 12 reduced 2 sold out net bought ≈ $2.9m (+131.5k 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 ≈ $22.37.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

02040Q3 22: 22Q4 22: 23Q1 23: 29Q2 23: 28Q3 23: 28Q4 23: 31Q1 24: 27Q2 24: 32Q3 24: 32Q4 24: 29Q1 25: 29Q2 25: 27Q3 25: 30Q4 25: 3232Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202222
Q4 202223
Q1 202329
Q2 202328
Q3 202328
Q4 202331
Q1 202427
Q2 202432
Q3 202432
Q4 202429
Q1 202529
Q2 202527
Q3 202530
Q4 202532

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q1 24: 7 bought or addedQ1 24: 25 cut or sold outQ2 24: 13 bought or addedQ2 24: 15 cut or sold outQ2 24Q3 24: 14 bought or addedQ3 24: 13 cut or sold outQ4 24: 13 bought or addedQ4 24: 17 cut or sold outQ4 24Q1 25: 10 bought or addedQ1 25: 18 cut or sold outQ2 25: 16 bought or addedQ2 25: 11 cut or sold outQ2 25Q3 25: 16 bought or addedQ3 25: 13 cut or sold outQ4 25: 18 bought or addedQ4 25: 14 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024725
Q2 20241315
Q3 20241413
Q4 20241317
Q1 20251018
Q2 20251611
Q3 20251613
Q4 20251814

Biggest buyers

Occidental Asset Management, LLC Added +29,436+29.4k
ENVESTNET ASSET MANAGEMENT INC Added +21,303+21.3k
CITADEL ADVISORS LLC Added +21,258+21.3k
NORTHERN TRUST CORP Added +18,481+18.5k
MML INVESTORS SERVICES, LLC Added +15,339+15.3k
CoreCap Advisors, LLC Added +13,125+13.1k
WealthPlan Investment Management, LLC New +12,420+12.4k
First Heartland Consultants, Inc. Added +9,883+9.9k
Atria Investments, Inc Added +9,883+9.9k
PARK NATIONAL CORP /OH/ Added +4,048+4.0k

Biggest sellers

JANE STREET GROUP, LLC Sold out -10,754-10.8k
Herold Advisors, Inc. Reduced -7,310-7.3k
VestGen Investment Management Reduced -3,381-3.4k
LPL Financial LLC Reduced -2,931-2.9k
ABSOLUTE CAPITAL MANAGEMENT, LLC Reduced -1,688-1.7k
Stratos Wealth Advisors, LLC Reduced -774-774
CREATIVE FINANCIAL DESIGNS INC /ADV Reduced -592-592
UBS Group AG Sold out -355-355
Mutual Advisors, LLC Reduced -229-229
MARQUETTE ASSOCIATES, INC. Reduced -225-225

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 2,917,8452.9m $65.3m $65.3m 0.01% Added +18.5k +18,481
2 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 971,756971.8k $21.7m $21.7m 0.01% Added +21.3k +21,303
3 Occidental Asset Management, LLC 2.25% of their portfolio Burlingame, CA 835,577835.6k $18.7m $18.7m 2.25% Added +29.4k +29,436
4 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 243,437243.4k $5.4m $5.4m 0.01% Added +15.3k +15,339
5 PARK NATIONAL CORP /OH/ 0.13% of their portfolio NEWARK, OH 190,423190.4k $4.3m $4.3m 0.13% Added +4.0k +4,048
6 Mutual Advisors, LLC 0.04% of their portfolio OMAHA, NE 77,16577.2k $1.7m $1.7m 0.04% Reduced -229 -229
7 VestGen Investment Management 0.59% of their portfolio EGG HARBOR TOWNSHIP, NJ 47,61747.6k $1.1m $1.1m 0.59% Reduced -3.4k -3,381
8 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 38,37838.4k $858.3k $858.3k 0.00% Added +21.3k +21,258
9 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 37,54837.5k $839.7k $839.7k 0.00% Reduced -2.9k -2,931
10 CoreCap Advisors, LLC 0.03% of their portfolio SOUTHFIELD, MI 37,23337.2k $832.7k $832.7k 0.03% Added +13.1k +13,125
11 Olde Wealth Management, LLC 0.26% of their portfolio SAMMAMISH, WA 37,19337.2k $834.0k $834.0k 0.26% Reduced -7 -7
12 Stratos Wealth Advisors, LLC 0.04% of their portfolio BEACHWOOD, OH 35,45935.5k $793.0k $793.0k 0.04% Reduced -774 -774
13 Snowden Capital Advisors LLC 0.02% of their portfolio New York, NY 34,62434.6k $777.1k $777.1k 0.02% Added +291 +291
14 ROI Financial Advisors, LLC 0.33% of their portfolio Beaverton, OR 26,05926.1k $582.8k $582.8k 0.33% Added +1.2k +1,238
15 Herold Advisors, Inc. 0.13% of their portfolio New York, NY 25,95226.0k $580.4k $580.4k 0.13% Reduced -7.3k -7,310
16 ABSOLUTE CAPITAL MANAGEMENT, LLC 0.19% of their portfolio Pittsburgh, PA 22,79622.8k $511.6k $511.6k 0.19% Reduced -1.7k -1,688
17 Atria Investments, Inc 0.01% of their portfolio Charlotte, NC 21,95422.0k $491.0k $491.0k 0.01% Added +9.9k +9,883
18 First Heartland Consultants, Inc. 0.04% of their portfolio LAKE ST. LOUIS, MO 21,16121.2k $473.3k $473.3k 0.04% Added +9.9k +9,883
19 WealthPlan Investment Management, LLC 0.02% of their portfolio OMAHA, NE 12,42012.4k $277.8k $277.8k 0.02% New
20 CITIZENS & NORTHERN CORP 0.06% of their portfolio WELLSBORO, PA 10,41810.4k $233.0k $233.0k 0.06% Reduced -147 -147
21 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 5,2485.2k $117.4k $117.4k 0.00% Reduced -76 -76
22 COMERICA BANK 0.00% of their portfolio DALLAS, TX 4,7504.8k $106.2k $106.2k 0.00% Added +68 +68
23 CX Institutional 0.00% of their portfolio AUBURN, IN 4,3964.4k $98.0k $98.0k 0.00% Added +48 +48
24 MARQUETTE ASSOCIATES, INC. 0.05% of their portfolio CHICAGO, IL 1,8221.8k $40.8k $40.8k 0.05% Reduced -225 -225
25 Wealth Watch Advisors, INC 0.01% of their portfolio ENGLEWOOD, CO 1,6781.7k $37.5k $37.5k 0.01% New
26 GeoWealth Management, LLC 0.00% of their portfolio CHICAGO, IL 1,2411.2k $27.7k $27.7k 0.00% Reduced -56 -56
27 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 996996 $22.3k $22.3k 0.00% New
28 Wilmington Savings Fund Society, FSB 0.00% of their portfolio WILMINGTON, DE 785785 $17.6k $17.6k 0.00% Unchanged
29 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 580580 $13.0k $13.0k 0.00% Reduced -592 -592
30 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 261261 $5.9k $5.9k 0.00% Added +260 +260
31 AlphaCore Capital LLC 0.00% of their portfolio LA JOLLA, CA 253253 $5.7k $5.7k 0.00% New
32 Sound Income Strategies, LLC 0.00% of their portfolio FT LAUDERDALE, FL 00 $0 $0 0.00% Unchanged