Vault-13

FLEXSHARES TR SKOR

CR SCD US BD · ETP · CUSIP 33939L761

55 institutional holders -3 vs Q2 2025
10,736,33410.7m shares reported held*
$528.8mreported value*
3 new 34 added 9 reduced 3 sold out net bought ≈ $53.3m (+1.1m 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 ($1.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $49.25.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 26Q4 22: 35Q1 23: 32Q2 23: 38Q3 23: 34Q4 23: 38Q1 24: 38Q2 24: 40Q3 24: 47Q4 24: 51Q1 25: 58Q2 25: 58Q3 25: 5555Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 202226
Q4 202235
Q1 202332
Q2 202338
Q3 202334
Q4 202338
Q1 202438
Q2 202440
Q3 202447
Q4 202451
Q1 202558
Q2 202558
Q3 202555

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: 18 cut or sold outQ1 24: 25 bought or addedQ1 24: 15 cut or sold outQ1 24Q2 24: 28 bought or addedQ2 24: 15 cut or sold outQ3 24: 34 bought or addedQ3 24: 13 cut or sold outQ3 24Q4 24: 27 bought or addedQ4 24: 20 cut or sold outQ1 25: 35 bought or addedQ1 25: 26 cut or sold outQ1 25Q2 25: 35 bought or addedQ2 25: 22 cut or sold outQ3 25: 37 bought or addedQ3 25: 12 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20232018
Q1 20242515
Q2 20242815
Q3 20243413
Q4 20242720
Q1 20253526
Q2 20253522
Q3 20253712

Biggest buyers

JANE STREET GROUP, LLC Added +384,687+384.7k
NORTHERN TRUST CORP Added +151,219+151.2k
MORGAN STANLEY Added +111,737+111.7k
AE Wealth Management LLC Added +90,868+90.9k
Cerity Partners LLC Added +83,944+83.9k
Finward Bancorp Added +45,194+45.2k
SYNOVUS FINANCIAL CORP Added +38,390+38.4k
CITADEL ADVISORS LLC Added +36,135+36.1k
Kingdom Financial Group LLC. Added +21,657+21.7k
Anderson Financial Strategies, LLC Added +18,251+18.3k

Biggest sellers

VISTA INVESTMENT PARTNERS II, LLC Sold out -10,591-10.6k
Trilogy Capital Inc. Reduced -7,414-7.4k
Cornerstone National Bank & Trust Co Reduced -5,556-5.6k
Advisors Preferred, LLC Sold out -3,359-3.4k
TOUNJIAN ADVISORY PARTNERS, LLC Reduced -3,258-3.3k
Elevated Capital Advisors, LLC Reduced -2,818-2.8k
RAYMOND JAMES FINANCIAL INC Sold out -2,126-2.1k
CAP Partners, LLC Reduced -1,296-1.3k
CoreCap Advisors, LLC Reduced -662-662
STIFEL FINANCIAL CORP Reduced -565-565

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NORTHERN TRUST CORP 0.02% of their portfolio CHICAGO, IL 3,679,2613.7m $181.2m $181.2m 0.02% Added +151.2k +151,219
2 Cerity Partners LLC 0.17% of their portfolio NEW YORK, NY 2,132,3312.1m $105.0m $105.0m 0.17% Added +83.9k +83,944
3 AE Wealth Management LLC 0.35% of their portfolio TOPEKA, KS 1,099,6101.1m $54.2m $54.2m 0.35% Added +90.9k +90,868
4 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 755,197755.2k $37.2m $37.2m 0.00% Added +111.7k +111,737
5 JANE STREET GROUP, LLC 0.03% of their portfolio NEW YORK, NY 516,725516.7k $25.4m $25.4m 0.03% Added +384.7k +384,687
6 Cornerstone National Bank & Trust Co 7.90% of their portfolio PALATINE, IL 393,612393.6k $19.4m $19.4m 7.90% Reduced -5.6k -5,556
7 Harbour Trust & Investment Management Co 1.58% of their portfolio MICHIGAN CITY, IN 310,554310.6k $15.3m $15.3m 1.58% Added +2.6k +2,635
8 Anderson Financial Strategies, LLC 6.26% of their portfolio DAYTON, OH 214,596214.6k $10.6m $10.6m 6.26% Added +18.3k +18,251
9 HORIZON BANCORP INC /IN/ 4.02% of their portfolio MICHIGAN CITY, IN 170,967171.0k $8.4m $8.4m 4.02% Added +11.7k +11,670
10 Finward Bancorp 4.26% of their portfolio Munster, IN 113,932113.9k $5.6m $5.6m 4.26% Added +45.2k +45,194
11 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 105,598105.6k $5.2m $5.2m 0.00% Reduced -565 -565
12 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 101,985102.0k $5.0m $5.0m 0.00% Added +12.5k +12,482
13 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 90,06290.1k $4.4m $4.4m 0.00% Added +36.1k +36,135
14 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 85,21785.2k $4.2m $4.2m 0.00% Added +191 +191
15 SYNOVUS FINANCIAL CORP 0.05% of their portfolio Columbus, GA 83,07483.1k $4.1m $4.1m 0.05% Added +38.4k +38,390
16 Boltwood Capital Management 1.04% of their portfolio WALNUT CREEK, CA 78,94978.9k $3.9m $3.9m 1.04% Added +1.0k +1,031
17 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 63,29463.3k $3.1m $3.1m 0.00% Added +3.4k +3,414
18 Vantage Financial Partners, LLC 0.65% of their portfolio ELM GROVE, WI 62,97163.0k $3.1m $3.1m 0.65% Added +9.6k +9,562
19 KESTRA PRIVATE WEALTH SERVICES, LLC 0.04% of their portfolio AUSTIN, TX 62,22562.2k $3.1m $3.1m 0.04% Added +467 +467
20 Herold Advisors, Inc. 0.66% of their portfolio New York, NY 57,45157.5k $2.8m $2.8m 0.66% Added +7.2k +7,166
21 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 57,08557.1k $2.8m $2.8m 0.01% Added +3.0k +2,985
22 TOUNJIAN ADVISORY PARTNERS, LLC 0.71% of their portfolio FORT MYERS, FL 42,83442.8k $2.1m $2.1m 0.71% Reduced -3.3k -3,258
23 Trilogy Capital Inc. 0.09% of their portfolio IRVINE, CA 40,86940.9k $2.0m $2.0m 0.09% Reduced -7.4k -7,414
24 COTTONWOOD CAPITAL ADVISORS, LLC 1.30% of their portfolio SALT LAKE CITY, UT 36,37236.4k $1.8m $1.8m 1.30% Added +6.8k +6,805
25 Independent Advisor Alliance 0.05% of their portfolio CHARLOTTE, NC 36,02736.0k $1.8m $1.8m 0.05% Added +467 +467
26 Kingdom Financial Group LLC. 1.00% of their portfolio PEORIA, AZ 33,04933.0k $1.6m $1.6m 1.00% Added +21.7k +21,657
27 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 28,05728.1k $1.4m $1.4m 0.00% Added +9.7k +9,667
28 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 27,11227.1k $1.3m $1.3m 0.01% Added +316 +316
29 Invst, LLC 0.15% of their portfolio INDIANAPOLIS, IN 26,94626.9k $1.3m $1.3m 0.15% Added +3.9k +3,869
30 CAP Partners, LLC 0.64% of their portfolio FRANKLIN, TN 22,87122.9k $1.1m $1.1m 0.64% Reduced -1.3k -1,296
31 Cherry Tree Wealth Management, LLC 0.21% of their portfolio MINNETONKA, MN 19,76119.8k $973.2k $973.2k 0.21% Reduced -326 -326
32 Triad Wealth Partners, LLC 0.12% of their portfolio LAWRENCE, KS 18,45918.5k $909.1k $909.1k 0.12% Added +4.6k +4,556
33 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.05% of their portfolio CEDAR RAPIDS, IA 17,82217.8k $877.8k $877.8k 0.05% Added +382 +382
34 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 17,73517.7k $873.5k $873.5k 0.00% Added +3.6k +3,563
35 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 16,82616.8k $828.7k $828.7k 0.00% New
36 CoreCap Advisors, LLC 0.03% of their portfolio SOUTHFIELD, MI 16,36716.4k $806.1k $806.1k 0.03% Reduced -662 -662
37 WealthCare Investment Partners, LLC 0.26% of their portfolio PORTSMOUTH, RI 16,30916.3k $801.9k $801.9k 0.26% New
38 RAINIER FAMILY WEALTH INC 0.70% of their portfolio TACOMA, WA 16,01816.0k $788.9k $788.9k 0.70% Added +4.1k +4,067
39 Advisory Alpha, LLC 0.02% of their portfolio HOLLAND, MI 15,29715.3k $752.7k $752.7k 0.02% Added +3.4k +3,378
40 Elevated Capital Advisors, LLC 0.19% of their portfolio SANDY, UT 15,16415.2k $746.8k $746.8k 0.19% Reduced -2.8k -2,818
41 Savvy Advisors, Inc. 0.03% of their portfolio NEW YORK, NY 13,51313.5k $665.5k $665.5k 0.03% Added +5.8k +5,836
42 VestGen Investment Management 0.36% of their portfolio EGG HARBOR TOWNSHIP, NJ 12,19612.2k $600.7k $600.7k 0.36% Added +3.2k +3,153
43 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 7,1017.1k $350.0k $350.0k 0.00% Added +1.3k +1,329
44 Geneos Wealth Management Inc. 0.01% of their portfolio ENGLEWOOD, CO 6,1246.1k $301.6k $301.6k 0.01% New
45 Burt Wealth Advisors 0.06% of their portfolio North Bethesda, MD 5,2305.2k $257.6k $257.6k 0.06% Unchanged
46 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 4,7484.7k $233.8k $233.8k 0.00% Unchanged
47 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 4,6334.6k $228.2k $228.2k 0.00% Unchanged
48 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 2,1412.1k $105.2k $105.2k 0.00% Added +303 +303
49 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,0902.1k $102.9k $102.9k 0.00% Unchanged
50 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 380380 $18.7k $18.7k 0.00% Unchanged
51 Golden State Wealth Management, LLC 0.00% of their portfolio SANTA ANA, CA 321321 $15.8k $15.8k 0.00% Reduced -31 -31
52 FMR LLC 0.00% of their portfolio BOSTON, MA 255255 $12.6k $12.6k 0.00% Unchanged
53 Rossby Financial, LCC 0.00% of their portfolio MELBOURNE, FL 242242 $11.9k $11.9k 0.00% Unchanged
54 Quest 10 Wealth Builders, Inc. 0.00% of their portfolio Fuquay-Varina, VA 2020 $985 $985 0.00% Unchanged
55 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 11 $34 $34 0.00% Unchanged