Vault-13

FLEXSHARES TR QLC

US QUALITY CAP · ETP · CUSIP 33939L746

58 institutional holders +11 vs Q3 2025
8,162,2518.2m shares reported held*
$661.1mreported value*
12 new 19 added 15 reduced 2 sold out net bought ≈ $47.8m (+590.3k 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 ≈ $80.99.

Trends to Q4 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: 47Q4 25: 5858Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 202558

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q1 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 25Q3 25: 25 bought or addedQ3 25: 16 cut or sold outQ4 25: 31 bought or addedQ4 25: 17 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20241720
Q2 2024286
Q3 20242115
Q4 20241817
Q1 20252122
Q2 20252021
Q3 20252516
Q4 20253117

Biggest buyers

NORTHERN TRUST CORP Added +311,514+311.5k
RAYMOND JAMES FINANCIAL INC New +69,863+69.9k
LPL Financial LLC Added +67,228+67.2k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +47,648+47.6k
ENVESTNET ASSET MANAGEMENT INC Added +19,193+19.2k
Equitable Holdings, Inc. New +18,691+18.7k
Hilltop Holdings Inc. New +17,242+17.2k
MML INVESTORS SERVICES, LLC Added +12,486+12.5k
Vise Technologies, Inc. New +10,151+10.2k
Summit Financial, LLC Added +8,212+8.2k

Biggest sellers

GOLDMAN SACHS GROUP INC Reduced -21,567-21.6k
Empirical Asset Management, LLC Reduced -10,740-10.7k
VestGen Investment Management Reduced -2,707-2.7k
PARK NATIONAL CORP /OH/ Reduced -1,673-1.7k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -828-828
Stratos Investment Management, LLC Reduced -733-733
GeoWealth Management, LLC Reduced -192-192
North Capital, Inc. Sold out -169-169
CoreCap Advisors, LLC Reduced -159-159
AXXCESS WEALTH MANAGEMENT, LLC Reduced -93-93

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NORTHERN TRUST CORP 0.07% of their portfolio CHICAGO, IL 6,350,6106.4m $514.3m $514.3m 0.07% Added +311.5k +311,514
2 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 609,304609.3k $49.3m $49.3m 0.01% Added +19.2k +19,193
3 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 206,937206.9k $16.8m $16.8m 0.02% Reduced -828 -828
4 MML INVESTORS SERVICES, LLC 0.04% of their portfolio SPRINGFIELD, MA 190,953191.0k $15.5m $15.5m 0.04% Added +12.5k +12,486
5 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 166,669166.7k $13.5m $13.5m 0.00% Added +67.2k +67,228
6 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 111,818111.8k $9.1m $9.1m 0.01% Added +47.6k +47,648
7 Stratos Investment Management, LLC 0.27% of their portfolio BEACHWOOD, OH 83,13483.1k $6.7m $6.7m 0.27% Reduced -733 -733
8 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 69,86369.9k $5.7m $5.7m 0.00% New
9 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 65,44265.4k $5.3m $5.3m 0.01% Added +6.8k +6,758
10 Herold Advisors, Inc. 0.92% of their portfolio New York, NY 50,75550.8k $4.1m $4.1m 0.92% Added +2.6k +2,553
11 Summit Financial, LLC 0.04% of their portfolio PARSIPPANY, NJ 31,90031.9k $2.6m $2.6m 0.04% Added +8.2k +8,212
12 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 18,69118.7k $1.5m $1.5m 0.01% New
13 Hilltop Holdings Inc. 0.08% of their portfolio DALLAS, TX 17,24217.2k $1.4m $1.4m 0.08% New
14 PARK NATIONAL CORP /OH/ 0.04% of their portfolio NEWARK, OH 15,32415.3k $1.2m $1.2m 0.04% Reduced -1.7k -1,673
15 VestGen Investment Management 0.55% of their portfolio EGG HARBOR TOWNSHIP, NJ 12,25112.3k $992.2k $992.2k 0.55% Reduced -2.7k -2,707
16 VICTORY FINANCIAL GROUP, LLC 0.12% of their portfolio AUSTIN, TX 11,31811.3k $916.6k $916.6k 0.12% Added +1.4k +1,436
17 EJMK Ventures LLC 0.55% of their portfolio ITASCA, IL 11,05611.1k $895.4k $895.4k 0.55% First filing
18 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 10,38810.4k $841.4k $841.4k 0.00% Added +443 +443
19 Vise Technologies, Inc. 0.02% of their portfolio NEW YORK, NY 10,15110.2k $822.1k $822.1k 0.02% New
20 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 9,4249.4k $763.2k $763.2k 0.00% Added +3.1k +3,090
21 Redhawk Wealth Advisors, Inc. 0.07% of their portfolio MINNEAPOLIS, MN 7,4527.5k $603.6k $603.6k 0.07% New
22 Meridian Wealth Management, LLC 0.02% of their portfolio LEXINGTON, KY 6,4786.5k $524.7k $524.7k 0.02% Unchanged
23 Empirical Asset Management, LLC 0.15% of their portfolio WELLESLEY, MA 6,4476.4k $522.2k $522.2k 0.15% Reduced -10.7k -10,740
24 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 5,9686.0k $483.3k $483.3k 0.00% New
25 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 5,4075.4k $437.9k $437.9k 0.00% Unchanged
26 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 5,1485.1k $416.9k $416.9k 0.00% Reduced -21.6k -21,567
27 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 4,7784.8k $387.0k $387.0k 0.00% Added +908 +908
28 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 4,0354.0k $326.9k $326.9k 0.00% Added +3.0k +2,972
29 Wealthcare Advisory Partners LLC 0.01% of their portfolio WEST CHESTER, PA 3,8993.9k $315.8k $315.8k 0.01% Unchanged
30 CoreCap Advisors, LLC 0.01% of their portfolio SOUTHFIELD, MI 3,8603.9k $312.6k $312.6k 0.01% Reduced -159 -159
31 CALTON & ASSOCIATES, INC. 0.05% of their portfolio Tampa, FL 3,8383.8k $310.8k $310.8k 0.05% New
32 ASPIRIANT, LLC 0.01% of their portfolio San Francisco, CA 3,7563.8k $304.2k $304.2k 0.01% Unchanged
33 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 3,6243.6k $294.0k $294.0k 0.00% Added +350 +350
34 Advisory Alpha, LLC 0.01% of their portfolio HOLLAND, MI 3,4123.4k $276.3k $276.3k 0.01% Unchanged
35 Patriot Financial Group Insurance Agency, LLC 0.03% of their portfolio Westborough, MA 3,3703.4k $273.0k $273.0k 0.03% Added +4 +4
36 Freedom Investment Management, Inc. 0.08% of their portfolio SOUTH WINDSOR, CT 3,3593.4k $272.0k $272.0k 0.08% New
37 Colonial River Investments, LLC 0.10% of their portfolio MIDLOTHIAN, VA 3,3313.3k $269.8k $269.8k 0.10% Reduced -93 -93
38 AXXCESS WEALTH MANAGEMENT, LLC 0.00% of their portfolio CARLSBAD, CA 3,3313.3k $269.8k $269.8k 0.00% Reduced -93 -93
39 First Heartland Consultants, Inc. 0.02% of their portfolio LAKE ST. LOUIS, MO 3,2693.3k $264.8k $264.8k 0.02% Reduced -36 -36
40 Atria Investments, Inc 0.00% of their portfolio Charlotte, NC 3,2693.3k $264.8k $264.8k 0.00% Reduced -36 -36
41 PRIVATE TRUST CO NA 0.02% of their portfolio CLEVELAND, OH 2,7932.8k $226.2k $226.2k 0.02% Added +216 +216
42 Cross Staff Investments Inc 0.12% of their portfolio PITTSFORD, NY 2,6002.6k $210.6k $210.6k 0.12% Unchanged
43 ABSOLUTE CAPITAL MANAGEMENT, LLC 0.08% of their portfolio Pittsburgh, PA 2,5942.6k $210.1k $210.1k 0.08% New
44 Capital Advisors, Ltd. LLC 0.02% of their portfolio SHAKER HEIGHTS, OH 1,9491.9k $158.0k $158.0k 0.02% New
45 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio ORLANDO, FL 1,7001.7k $137.7k $137.7k 0.01% New
46 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,6171.6k $130.9k $130.9k 0.00% Added +1.6k +1,616
47 Rossmore Private Capital 0.01% of their portfolio GLASTONBURY, CT 1,5001.5k $121.5k $121.5k 0.01% Unchanged
48 GeoWealth Management, LLC 0.00% of their portfolio CHICAGO, IL 1,3711.4k $111.0k $111.0k 0.00% Reduced -192 -192
49 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 1,2291.2k $99.5k $99.5k 0.00% Unchanged
50 MARQUETTE ASSOCIATES, INC. 0.07% of their portfolio CHICAGO, IL 701701 $56.8k $56.8k 0.07% Reduced -90 -90
51 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 608608 $49.2k $49.2k 0.00% Reduced -41 -41
52 CNB Bank 0.02% of their portfolio CLEARFIELD, PA 550550 $44.5k $44.5k 0.02% Unchanged
53 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 532532 $43.1k $43.1k 0.00% Added +1 +1
54 Cornerstone Planning Group LLC 0.01% of their portfolio FAIRFIELD, NJ 441441 $36.5k $36.5k 0.01% Reduced -51 -51
55 FMR LLC 0.00% of their portfolio BOSTON, MA 417417 $33.8k $33.8k 0.00% Unchanged
56 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 180180 $14.6k $14.6k 0.00% Unchanged
57 Golden State Wealth Management, LLC 0.00% of their portfolio SANTA ANA, CA 120120 $9.7k $9.7k 0.00% Added +1 +1
58 POM Investment Strategies, LLC 0.00% of their portfolio RALEIGH, NC 8888 $7.1k $7.1k 0.00% New