Vault-13

FLEXSHARES TR SKOR

CR SCD US BD · ETP · CUSIP 33939L761

62 institutional holders +7 vs Q3 2025
11,407,07411.4m shares reported held*
$560.4mreported value*
7 new 30 added 16 reduced 2 sold out net bought ≈ $31.1m (+632.6k 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 ($1.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $49.12.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0255075Q3 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: 55Q4 25: 6262Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 202562

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q1 24: 25 bought or addedQ1 24: 15 cut or sold outQ2 24: 28 bought or addedQ2 24: 15 cut or sold outQ2 24Q3 24: 34 bought or addedQ3 24: 13 cut or sold outQ4 24: 27 bought or addedQ4 24: 20 cut or sold outQ4 24Q1 25: 35 bought or addedQ1 25: 26 cut or sold outQ2 25: 35 bought or addedQ2 25: 22 cut or sold outQ2 25Q3 25: 37 bought or addedQ3 25: 12 cut or sold outQ4 25: 37 bought or addedQ4 25: 18 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20242515
Q2 20242815
Q3 20243413
Q4 20242720
Q1 20253526
Q2 20253522
Q3 20253712
Q4 20253718

Biggest buyers

NORTHERN TRUST CORP Added +719,641+719.6k
AE Wealth Management LLC Added +159,915+159.9k
Cerity Partners LLC Added +114,977+115.0k
MORGAN STANLEY Added +87,764+87.8k
FLOW TRADERS U.S. LLC New +32,585+32.6k
Mach-1 Financial Group, LLC New +31,725+31.7k
Finward Bancorp Added +31,635+31.6k
LPL Financial LLC Added +29,224+29.2k
Herold Advisors, Inc. Added +26,119+26.1k
Triad Wealth Partners, LLC Added +9,835+9.8k

Biggest sellers

JANE STREET GROUP, LLC Sold out -516,725-516.7k
CITADEL ADVISORS LLC Reduced -85,230-85.2k
Kingdom Financial Group LLC. Reduced -33,019-33.0k
CAP Partners, LLC Reduced -9,498-9.5k
STIFEL FINANCIAL CORP Reduced -8,170-8.2k
NATIONS FINANCIAL GROUP INC, /IA/ /ADV Reduced -4,775-4.8k
Geneos Wealth Management Inc. Reduced -4,395-4.4k
Cetera Investment Advisers Reduced -2,023-2.0k
HORIZON BANCORP INC /IN/ Reduced -1,947-1.9k
Trilogy Capital Inc. Reduced -1,821-1.8k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NORTHERN TRUST CORP 0.03% of their portfolio CHICAGO, IL 4,398,9024.4m $216.1m $216.1m 0.03% Added +719.6k +719,641
2 Cerity Partners LLC 0.16% of their portfolio NEW YORK, NY 2,247,3082.2m $110.4m $110.4m 0.16% Added +115.0k +114,977
3 AE Wealth Management LLC 0.36% of their portfolio TOPEKA, KS 1,259,5251.3m $61.9m $61.9m 0.36% Added +159.9k +159,915
4 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 842,961843.0k $41.4m $41.4m 0.00% Added +87.8k +87,764
5 Cornerstone National Bank & Trust Co 7.73% of their portfolio PALATINE, IL 394,340394.3k $19.4m $19.4m 7.73% Added +728 +728
6 Harbour Trust & Investment Management Co 1.56% of their portfolio MICHIGAN CITY, IN 311,159311.2k $15.3m $15.3m 1.56% Added +605 +605
7 Anderson Financial Strategies, LLC 6.21% of their portfolio DAYTON, OH 217,759217.8k $10.7m $10.7m 6.21% Added +3.2k +3,163
8 HORIZON BANCORP INC /IN/ 4.04% of their portfolio MICHIGAN CITY, IN 169,020169.0k $8.3m $8.3m 4.04% Reduced -1.9k -1,947
9 Finward Bancorp 5.55% of their portfolio Munster, IN 145,567145.6k $7.2m $7.2m 5.55% Added +31.6k +31,635
10 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 131,209131.2k $6.4m $6.4m 0.00% Added +29.2k +29,224
11 Pinnacle Financial Partners, Inc. 0.04% of their portfolio ATLANTA, GA 106,396106.4k $5.2m $5.2m 0.04% First filing
12 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 97,42897.4k $4.8m $4.8m 0.00% Reduced -8.2k -8,170
13 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 84,11984.1k $4.1m $4.1m 0.00% Reduced -1.1k -1,098
14 Herold Advisors, Inc. 0.92% of their portfolio New York, NY 83,57083.6k $4.1m $4.1m 0.92% Added +26.1k +26,119
15 Boltwood Capital Management 1.01% of their portfolio WALNUT CREEK, CA 79,31679.3k $3.9m $3.9m 1.01% Added +367 +367
16 Vantage Financial Partners, LLC 0.71% of their portfolio ELM GROVE, WI 71,39971.4k $3.5m $3.5m 0.71% Added +8.4k +8,428
17 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 64,45864.5k $3.2m $3.2m 0.00% Added +1.2k +1,164
18 KESTRA PRIVATE WEALTH SERVICES, LLC 0.04% of their portfolio AUSTIN, TX 61,22061.2k $3.0m $3.0m 0.04% Reduced -1.0k -1,005
19 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 58,66858.7k $2.9m $2.9m 0.01% Added +1.6k +1,583
20 TOUNJIAN ADVISORY PARTNERS, LLC 0.71% of their portfolio FORT MYERS, FL 42,67842.7k $2.1m $2.1m 0.71% Reduced -156 -156
21 COTTONWOOD CAPITAL ADVISORS, LLC 1.48% of their portfolio SALT LAKE CITY, UT 42,24642.2k $2.1m $2.1m 1.48% Added +5.9k +5,874
22 Trilogy Capital Inc. 0.09% of their portfolio IRVINE, CA 39,04839.0k $1.9m $1.9m 0.09% Reduced -1.8k -1,821
23 Independent Advisor Alliance 0.05% of their portfolio CHARLOTTE, NC 38,71838.7k $1.9m $1.9m 0.05% Added +2.7k +2,691
24 FLOW TRADERS U.S. LLC 0.05% of their portfolio NEW YORK, NY 32,58532.6k $1.6m $1.6m 0.05% New
25 Mach-1 Financial Group, LLC 0.32% of their portfolio Rogers, AR 31,72531.7k $1.6m $1.6m 0.32% New
26 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 30,18930.2k $1.5m $1.5m 0.00% Added +2.1k +2,132
27 Invst, LLC 0.15% of their portfolio INDIANAPOLIS, IN 28,30728.3k $1.4m $1.4m 0.15% Added +1.4k +1,361
28 Triad Wealth Partners, LLC 0.13% of their portfolio LAWRENCE, KS 28,29428.3k $1.4m $1.4m 0.13% Added +9.8k +9,835
29 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 27,81327.8k $1.4m $1.4m 0.01% Added +701 +701
30 RAINIER FAMILY WEALTH INC 0.73% of their portfolio TACOMA, WA 19,62919.6k $964.3k $964.3k 0.73% Added +3.6k +3,611
31 Cherry Tree Wealth Management, LLC 0.20% of their portfolio MINNETONKA, MN 19,33319.3k $949.7k $949.7k 0.20% Reduced -428 -428
32 Savvy Advisors, Inc. 0.03% of their portfolio NEW YORK, NY 18,88318.9k $927.6k $927.6k 0.03% Added +5.4k +5,370
33 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 18,61118.6k $914.2k $914.2k 0.00% Added +876 +876
34 WealthCare Investment Partners, LLC 0.26% of their portfolio PORTSMOUTH, RI 17,99418.0k $883.7k $883.7k 0.26% Added +1.7k +1,685
35 Advisory Alpha, LLC 0.02% of their portfolio HOLLAND, MI 16,85016.9k $827.8k $827.8k 0.02% Added +1.6k +1,553
36 Greenline Wealth Management LLC 0.84% of their portfolio BOCA RATON, FL 16,48516.5k $809.8k $809.8k 0.84% First filing
37 CoreCap Advisors, LLC 0.03% of their portfolio SOUTHFIELD, MI 15,09815.1k $741.7k $741.7k 0.03% Reduced -1.3k -1,269
38 Elevated Capital Advisors, LLC 0.17% of their portfolio SANDY, UT 15,07615.1k $740.6k $740.6k 0.17% Reduced -88 -88
39 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 14,80314.8k $727.2k $727.2k 0.00% Reduced -2.0k -2,023
40 CAP Partners, LLC 0.37% of their portfolio FRANKLIN, TN 13,37313.4k $657.0k $657.0k 0.37% Reduced -9.5k -9,498
41 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.03% of their portfolio CEDAR RAPIDS, IA 13,04713.0k $640.9k $640.9k 0.03% Reduced -4.8k -4,775
42 VestGen Investment Management 0.34% of their portfolio EGG HARBOR TOWNSHIP, NJ 12,56212.6k $617.1k $617.1k 0.34% Added +366 +366
43 Elevated Financial Group LLC 0.21% of their portfolio INDIANAPOLIS, IN 12,24012.2k $601.3k $601.3k 0.21% First filing
44 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 8,6378.6k $424.0k $424.0k 0.00% Added +1.5k +1,536
45 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 5,7875.8k $284.3k $284.3k 0.00% New
46 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 5,4485.4k $267.6k $267.6k 0.00% Added +700 +700
47 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 5,1905.2k $255.0k $255.0k 0.00% New
48 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 4,8324.8k $237.4k $237.4k 0.00% Reduced -85.2k -85,230
49 World Investment Advisors 0.00% of their portfolio LINCROFT, NJ 4,7004.7k $230.9k $230.9k 0.00% New
50 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 4,6334.6k $227.6k $227.6k 0.00% Unchanged
51 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 2,2032.2k $108.3k $108.3k 0.00% Added +62 +62
52 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,0902.1k $102.7k $102.7k 0.00% Unchanged
53 Birchwood Financial Partners, Inc. 0.09% of their portfolio BLOOMINGTON, MN 1,8001.8k $88.4k $88.4k 0.09% First filing
54 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 1,7291.7k $84.9k $84.9k 0.00% Reduced -4.4k -4,395
55 UBS Group AG 0.00% of their portfolio ZURICH, V8 661661 $32.5k $32.5k 0.00% New
56 Golden State Wealth Management, LLC 0.00% of their portfolio SANTA ANA, CA 321321 $15.8k $15.8k 0.00% Unchanged
57 Rossby Financial, LCC 0.00% of their portfolio MELBOURNE, FL 242242 $11.9k $11.9k 0.00% Unchanged
58 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 233233 $11.4k $11.4k 0.00% New
59 FMR LLC 0.00% of their portfolio BOSTON, MA 202202 $9.9k $9.9k 0.00% Reduced -53 -53
60 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 180180 $8.8k $8.8k 0.00% Added +179 +179
61 Kingdom Financial Group LLC. 0.00% of their portfolio PEORIA, AZ 3030 $1.5k $1.5k 0.00% Reduced -33.0k -33,019
62 Quest 10 Wealth Builders, Inc. 0.00% of their portfolio Fuquay-Varina, VA 2020 $983 $983 0.00% Unchanged