Vault-13

FLEXSHARES TR QLC

US QUALITY CAP · ETP · CUSIP 33939L746

47 institutional holders +0 vs Q2 2025
7,560,9177.6m shares reported held*
$589.5mreported value*
6 new 19 added 11 reduced 5 sold out net bought ≈ $53.2m (+681.9k 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 ≈ $77.97.

Trends to Q3 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: 47Q3 25: 4747Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 202547

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 23: 20 bought or addedQ4 23: 11 cut or sold outQ1 24: 17 bought or addedQ1 24: 20 cut or sold outQ1 24Q2 24: 28 bought or addedQ2 24: 6 cut or sold outQ3 24: 21 bought or addedQ3 24: 15 cut or sold outQ3 24Q4 24: 18 bought or addedQ4 24: 17 cut or sold outQ1 25: 21 bought or addedQ1 25: 22 cut or sold outQ1 25Q2 25: 20 bought or addedQ2 25: 21 cut or sold outQ3 25: 25 bought or addedQ3 25: 16 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20232011
Q1 20241720
Q2 2024286
Q3 20242115
Q4 20241817
Q1 20252122
Q2 20252021
Q3 20252516

Biggest buyers

NORTHERN TRUST CORP Added +703,718+703.7k
LPL Financial LLC Added +42,802+42.8k
ENVESTNET ASSET MANAGEMENT INC Added +31,301+31.3k
Summit Financial, LLC New +23,688+23.7k
MML INVESTORS SERVICES, LLC Added +17,711+17.7k
VICTORY FINANCIAL GROUP, LLC New +9,882+9.9k
Herold Advisors, Inc. Added +7,627+7.6k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +3,709+3.7k
Cetera Investment Advisers Added +3,451+3.5k
Advisory Alpha, LLC New +3,412+3.4k

Biggest sellers

Stark Wealth Management LLC Sold out -76,508-76.5k
L.M. KOHN & COMPANY Sold out -36,114-36.1k
Freedom Investment Management, Inc. Sold out -23,673-23.7k
Empirical Asset Management, LLC Reduced -18,879-18.9k
GOLDMAN SACHS GROUP INC Reduced -5,643-5.6k
PARK NATIONAL CORP /OH/ Reduced -3,500-3.5k
Stratos Investment Management, LLC Reduced -2,644-2.6k
RAYMOND JAMES FINANCIAL INC Sold out -2,231-2.2k
UBS Group AG Reduced -2,031-2.0k
BANK OF AMERICA CORP /DE/ Reduced -817-817

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NORTHERN TRUST CORP 0.06% of their portfolio CHICAGO, IL 6,039,0966.0m $470.8m $470.8m 0.06% Added +703.7k +703,718
2 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 590,111590.1k $46.0m $46.0m 0.01% Added +31.3k +31,301
3 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 207,765207.8k $16.2m $16.2m 0.02% Added +355 +355
4 MML INVESTORS SERVICES, LLC 0.04% of their portfolio SPRINGFIELD, MA 178,467178.5k $13.9m $13.9m 0.04% Added +17.7k +17,711
5 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 99,44199.4k $7.8m $7.8m 0.00% Added +42.8k +42,802
6 Stratos Investment Management, LLC 0.27% of their portfolio BEACHWOOD, OH 83,86783.9k $6.5m $6.5m 0.27% Reduced -2.6k -2,644
7 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 64,17064.2k $5.0m $5.0m 0.00% Added +3.7k +3,709
8 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 58,68458.7k $4.6m $4.6m 0.01% Added +3.5k +3,451
9 Herold Advisors, Inc. 0.87% of their portfolio New York, NY 48,20248.2k $3.8m $3.8m 0.87% Added +7.6k +7,627
10 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 26,71526.7k $2.1m $2.1m 0.00% Reduced -5.6k -5,643
11 Summit Financial, LLC 0.03% of their portfolio PARSIPPANY, NJ 23,68823.7k $1.8m $1.8m 0.03% New
12 Empirical Asset Management, LLC 0.37% of their portfolio WELLESLEY, MA 17,18717.2k $1.3m $1.3m 0.37% Reduced -18.9k -18,879
13 PARK NATIONAL CORP /OH/ 0.04% of their portfolio NEWARK, OH 16,99717.0k $1.3m $1.3m 0.04% Reduced -3.5k -3,500
14 VestGen Investment Management 0.70% of their portfolio EGG HARBOR TOWNSHIP, NJ 14,95815.0k $1.2m $1.2m 0.70% Reduced -411 -411
15 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 9,9459.9k $775.4k $775.4k 0.00% Added +1 +1
16 VICTORY FINANCIAL GROUP, LLC 0.11% of their portfolio AUSTIN, TX 9,8829.9k $770.5k $770.5k 0.11% New
17 Meridian Wealth Management, LLC 0.02% of their portfolio LEXINGTON, KY 6,4786.5k $505.1k $505.1k 0.02% Unchanged
18 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 6,3346.3k $493.8k $493.8k 0.00% Reduced -817 -817
19 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 5,4075.4k $421.6k $421.6k 0.00% Unchanged
20 CoreCap Advisors, LLC 0.01% of their portfolio SOUTHFIELD, MI 4,0194.0k $313.3k $313.3k 0.01% Added +299 +299
21 Wealthcare Advisory Partners LLC 0.01% of their portfolio WEST CHESTER, PA 3,8993.9k $304.0k $304.0k 0.01% Unchanged
22 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 3,8703.9k $302.0k $302.0k 0.00% Added +602 +602
23 ASPIRIANT, LLC 0.01% of their portfolio San Francisco, CA 3,7563.8k $292.8k $292.8k 0.01% Unchanged
24 Colonial River Investments, LLC 0.10% of their portfolio MIDLOTHIAN, VA 3,4243.4k $267.0k $267.0k 0.10% Reduced -235 -235
25 AXXCESS WEALTH MANAGEMENT, LLC 0.01% of their portfolio CARLSBAD, CA 3,4243.4k $267.0k $267.0k 0.01% Reduced -657 -657
26 Advisory Alpha, LLC 0.01% of their portfolio HOLLAND, MI 3,4123.4k $266.9k $266.9k 0.01% New
27 Patriot Financial Group Insurance Agency, LLC 0.03% of their portfolio Westborough, MA 3,3663.4k $262.4k $262.4k 0.03% Reduced -173 -173
28 First Heartland Consultants, Inc. 0.02% of their portfolio LAKE ST. LOUIS, MO 3,3053.3k $257.7k $257.7k 0.02% Added +470 +470
29 Atria Investments, Inc 0.00% of their portfolio Charlotte, NC 3,3053.3k $257.7k $257.7k 0.00% Added +470 +470
30 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 3,2743.3k $255.0k $255.0k 0.00% Added +15 +15
31 Cross Staff Investments Inc 0.14% of their portfolio PITTSFORD, NY 2,6002.6k $202.7k $202.7k 0.14% New
32 PRIVATE TRUST CO NA 0.02% of their portfolio CLEVELAND, OH 2,5772.6k $200.9k $200.9k 0.02% Unchanged
33 GeoWealth Management, LLC 0.00% of their portfolio CHICAGO, IL 1,5631.6k $121.9k $121.9k 0.00% New
34 Rossmore Private Capital 0.01% of their portfolio GLASTONBURY, CT 1,5001.5k $116.9k $116.9k 0.01% New
35 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 1,2291.2k $95.8k $95.8k 0.00% Unchanged
36 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1,0631.1k $82.3k $82.3k 0.00% Added +144 +144
37 MARQUETTE ASSOCIATES, INC. 0.07% of their portfolio CHICAGO, IL 791791 $61.7k $61.7k 0.07% Reduced -82 -82
38 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 649649 $50.6k $50.6k 0.00% Unchanged
39 CNB Bank 0.02% of their portfolio CLEARFIELD, PA 550550 $42.9k $42.9k 0.02% Unchanged
40 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 531531 $41.4k $41.4k 0.00% Unchanged
41 Cornerstone Planning Group LLC 0.01% of their portfolio FAIRFIELD, NJ 492492 $39.2k $39.2k 0.01% Added +1 +1
42 FMR LLC 0.00% of their portfolio BOSTON, MA 417417 $32.5k $32.5k 0.00% Added +217 +217
43 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 180180 $14.0k $14.0k 0.00% Unchanged
44 North Capital, Inc. 0.01% of their portfolio SALT LAKE CITY, UT 169169 $13.2k $13.2k 0.01% Added +1 +1
45 Golden State Wealth Management, LLC 0.00% of their portfolio SANTA ANA, CA 119119 $9.3k $9.3k 0.00% Unchanged
46 UBS Group AG 0.00% of their portfolio ZURICH, V8 3838 $3.0k $3.0k 0.00% Reduced -2.0k -2,031
47 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 11 $72 $72 0.00% Added +1 +1