Vault-13

FLEXSHARES TR QLC

US QUALITY CAP · ETP · CUSIP 33939L746

47 institutional holders +4 vs Q1 2025
6,879,0056.9m shares reported held*
$489.5mreported value*
8 new 12 added 16 reduced 5 sold out net bought ≈ $112.7m (+1.6m 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 ≈ $71.16.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 32Q4 22: 31Q1 23: 28Q2 23: 33Q3 23: 33Q4 23: 37Q1 24: 35Q2 24: 44Q3 24: 45Q4 24: 48Q1 25: 43Q2 25: 4747Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202232
Q4 202231
Q1 202328
Q2 202333
Q3 202333
Q4 202337
Q1 202435
Q2 202444
Q3 202445
Q4 202448
Q1 202543
Q2 202547

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 23: 9 bought or addedQ3 23: 14 cut or sold outQ4 23: 20 bought or addedQ4 23: 11 cut or sold outQ4 23Q1 24: 17 bought or addedQ1 24: 20 cut or sold outQ2 24: 28 bought or addedQ2 24: 6 cut or sold outQ2 24Q3 24: 21 bought or addedQ3 24: 15 cut or sold outQ4 24: 18 bought or addedQ4 24: 17 cut or sold outQ4 24Q1 25: 21 bought or addedQ1 25: 22 cut or sold outQ2 25: 20 bought or addedQ2 25: 21 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023914
Q4 20232011
Q1 20241720
Q2 2024286
Q3 20242115
Q4 20241817
Q1 20252122
Q2 20252021

Biggest buyers

NORTHERN TRUST CORP Added +1,521,549+1.5m
Stark Wealth Management LLC New +76,508+76.5k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +20,723+20.7k
Stratos Investment Management, LLC Added +11,762+11.8k
MORGAN STANLEY Added +8,544+8.5k
Cerity Partners LLC New +5,407+5.4k
GOLDMAN SACHS GROUP INC Added +4,985+5.0k
Patriot Financial Group Insurance Agency, LLC New +3,539+3.5k
ROYAL BANK OF CANADA Added +3,227+3.2k
First Heartland Consultants, Inc. New +2,835+2.8k

Biggest sellers

ENVESTNET ASSET MANAGEMENT INC Reduced -47,414-47.4k
BANK OF AMERICA CORP /DE/ Reduced -8,262-8.3k
MML INVESTORS SERVICES, LLC Reduced -4,765-4.8k
Strategic Blueprint, LLC Sold out -4,719-4.7k
VestGen Advisors, LLC Sold out -4,234-4.2k
VestGen Investment Management Reduced -4,004-4.0k
West Coast Financial LLC Sold out -3,400-3.4k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -2,778-2.8k
Herold Advisors, Inc. Reduced -1,059-1.1k
Colonial River Investments, LLC Reduced -1,021-1.0k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NORTHERN TRUST CORP 0.05% of their portfolio CHICAGO, IL 5,335,3785.3m $380.0m $380.0m 0.05% Added +1.5m +1,521,549
2 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 558,810558.8k $39.8m $39.8m 0.01% Reduced -47.4k -47,414
3 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 207,410207.4k $14.8m $14.8m 0.02% Reduced -2.8k -2,778
4 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 160,756160.8k $11.4m $11.4m 0.03% Reduced -4.8k -4,765
5 Stratos Investment Management, LLC 0.28% of their portfolio BEACHWOOD, OH 86,51186.5k $6.2m $6.2m 0.28% Added +11.8k +11,762
6 Stark Wealth Management LLC 7.15% of their portfolio Bethlehem, PA 76,50876.5k $5.0m $5.0m 7.15% New
7 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 60,46160.5k $4.3m $4.3m 0.00% Added +20.7k +20,723
8 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 56,63956.6k $4.0m $4.0m 0.00% Reduced -775 -775
9 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 55,23355.2k $3.9m $3.9m 0.01% Added +59 +59
10 Herold Advisors, Inc. 0.61% of their portfolio New York, NY 40,57540.6k $2.9m $2.9m 0.61% Reduced -1.1k -1,059
11 L.M. KOHN & COMPANY 0.69% of their portfolio CINCINNATI, OH 36,11436.1k $2.6m $2.6m 0.69% Added +33 +33
12 Empirical Asset Management, LLC 0.79% of their portfolio WELLESLEY, MA 36,06636.1k $2.6m $2.6m 0.79% Added +492 +492
13 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 32,35832.4k $2.3m $2.3m 0.00% Added +5.0k +4,985
14 Freedom Investment Management, Inc. 0.13% of their portfolio SOUTH WINDSOR, CT 23,67323.7k $1.7m $1.7m 0.13% Reduced -365 -365
15 PARK NATIONAL CORP /OH/ 0.05% of their portfolio NEWARK, OH 20,49720.5k $1.5m $1.5m 0.05% Reduced -85 -85
16 VestGen Investment Management 0.78% of their portfolio EGG HARBOR TOWNSHIP, NJ 15,36915.4k $1.1m $1.1m 0.78% Reduced -4.0k -4,004
17 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 9,9449.9k $708.2k $708.2k 0.00% Added +8.5k +8,544
18 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 7,1517.2k $509.3k $509.3k 0.00% Reduced -8.3k -8,262
19 Meridian Wealth Management, LLC 0.02% of their portfolio LEXINGTON, KY 6,4786.5k $461.4k $461.4k 0.02% Unchanged
20 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 5,4075.4k $385.1k $385.1k 0.00% New
21 AXXCESS WEALTH MANAGEMENT, LLC 0.01% of their portfolio CARLSBAD, CA 4,0814.1k $290.6k $290.6k 0.01% Reduced -599 -599
22 Wealthcare Advisory Partners LLC 0.01% of their portfolio WEST CHESTER, PA 3,8993.9k $277.7k $277.7k 0.01% Reduced -503 -503
23 ASPIRIANT, LLC 0.01% of their portfolio San Francisco, CA 3,7563.8k $267.5k $267.5k 0.01% Unchanged
24 CoreCap Advisors, LLC 0.01% of their portfolio SOUTHFIELD, MI 3,7203.7k $264.9k $264.9k 0.01% Reduced -71 -71
25 Colonial River Investments, LLC 0.11% of their portfolio MIDLOTHIAN, VA 3,6593.7k $262.8k $262.8k 0.11% Reduced -1.0k -1,021
26 Patriot Financial Group Insurance Agency, LLC 0.03% of their portfolio Westborough, MA 3,5393.5k $252.0k $252.0k 0.03% New
27 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 3,2683.3k $232.0k $232.0k 0.00% Added +3.2k +3,227
28 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 3,2593.3k $232.0k $232.0k 0.00% Reduced -238 -238
29 First Heartland Consultants, Inc. 0.02% of their portfolio LAKE ST. LOUIS, MO 2,8352.8k $201.9k $201.9k 0.02% New
30 Atria Investments, Inc 0.00% of their portfolio Charlotte, NC 2,8352.8k $201.9k $201.9k 0.00% New
31 PRIVATE TRUST CO NA 0.02% of their portfolio CLEVELAND, OH 2,5772.6k $183.5k $183.5k 0.02% Unchanged
32 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 2,2312.2k $158.9k $158.9k 0.00% New
33 UBS Group AG 0.00% of their portfolio ZURICH, V8 2,0692.1k $147.4k $147.4k 0.00% New
34 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 1,2291.2k $87.5k $87.5k 0.00% Unchanged
35 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 919919 $65.5k $65.5k 0.00% Added +520 +520
36 MARQUETTE ASSOCIATES, INC. 0.06% of their portfolio CHICAGO, IL 873873 $62.2k $62.2k 0.06% Reduced -222 -222
37 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 649649 $46.2k $46.2k 0.00% Unchanged
38 CNB Bank 0.02% of their portfolio CLEARFIELD, PA 550550 $39.2k $39.2k 0.02% Unchanged
39 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 531531 $37.8k $37.8k 0.00% Added +51 +51
40 Cornerstone Planning Group LLC 0.01% of their portfolio FAIRFIELD, NJ 491491 $35.5k $35.5k 0.01% Added +1 +1
41 FMR LLC 0.00% of their portfolio BOSTON, MA 200200 $14.2k $14.2k 0.00% New
42 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 180180 $12.8k $12.8k 0.00% First filing
43 North Capital, Inc. 0.01% of their portfolio SALT LAKE CITY, UT 168168 $12.0k $12.0k 0.01% Unchanged
44 Golden State Wealth Management, LLC 0.00% of their portfolio SANTA ANA, CA 119119 $8.5k $8.5k 0.00% Unchanged
45 Sound Income Strategies, LLC 0.00% of their portfolio FT LAUDERDALE, FL 3030 $2.2k $2.2k 0.00% Unchanged
46 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 00 $22 $22 0.00% Reduced -1 -1
47 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged