Vault-13

FLEXSHARES TR NFRA

STOXX GLOBR INF · ETP · CUSIP 33939L795

120 institutional holders -6 vs Q1 2025
39,485,83939.5m shares reported held*
$2.4bnreported value*
13 new 34 added 35 reduced 19 sold out net bought ≈ $176.9m (+2.9m 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 ($2.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $61.88.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 110Q4 22: 117Q1 23: 117Q2 23: 113Q3 23: 109Q4 23: 117Q1 24: 107Q2 24: 103Q3 24: 105Q4 24: 117Q1 25: 126Q2 25: 120120Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022110
Q4 2022117
Q1 2023117
Q2 2023113
Q3 2023109
Q4 2023117
Q1 2024107
Q2 2024103
Q3 2024105
Q4 2024117
Q1 2025126
Q2 2025120

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 41 bought or addedQ3 23: 58 cut or sold outQ4 23: 42 bought or addedQ4 23: 55 cut or sold outQ4 23Q1 24: 44 bought or addedQ1 24: 55 cut or sold outQ2 24: 35 bought or addedQ2 24: 50 cut or sold outQ2 24Q3 24: 42 bought or addedQ3 24: 36 cut or sold outQ4 24: 54 bought or addedQ4 24: 33 cut or sold outQ4 24Q1 25: 59 bought or addedQ1 25: 43 cut or sold outQ2 25: 47 bought or addedQ2 25: 54 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20234158
Q4 20234255
Q1 20244455
Q2 20243550
Q3 20244236
Q4 20245433
Q1 20255943
Q2 20254754

Biggest buyers

NORTHERN TRUST CORP Added +3,263,217+3.3m
ENVESTNET ASSET MANAGEMENT INC Added +67,204+67.2k
UBS Group AG Added +58,264+58.3k
MML INVESTORS SERVICES, LLC Added +16,477+16.5k
MORGAN STANLEY Added +15,801+15.8k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +15,235+15.2k
Capstone Financial Advisors, Inc. Added +15,199+15.2k
PARK NATIONAL CORP /OH/ Added +13,667+13.7k
WHITTIER TRUST CO New +9,523+9.5k
Austin Wealth Management, LLC Added +6,037+6.0k

Biggest sellers

CX Institutional Reduced -178,668-178.7k
JANE STREET GROUP, LLC Sold out -145,780-145.8k
Alaska Permanent Capital Management, LLC Reduced -97,222-97.2k
FLOW TRADERS U.S. LLC Sold out -83,179-83.2k
Quantinno Capital Management LP Sold out -23,497-23.5k
Alaska Wealth Advisors, LLC Reduced -19,753-19.8k
Money Design Co.,Ltd. Reduced -17,624-17.6k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -16,855-16.9k
United Bank Reduced -13,025-13.0k
CITADEL ADVISORS LLC Sold out -12,785-12.8k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NORTHERN TRUST CORP 0.28% of their portfolio CHICAGO, IL 32,989,80433.0m $2.0bn $2.0bn 0.28% Added +3.3m +3,263,217
2 Capstone Financial Advisors, Inc. 7.62% of their portfolio DOWNERS GROVE, IL 2,124,8102.1m $131.5m $131.5m 7.62% Added +15.2k +15,199
3 Alaska Permanent Capital Management, LLC 5.55% of their portfolio ANCHORAGE, AK 1,161,5541.2m $71.6m $71.6m 5.55% Reduced -97.2k -97,222
4 Alaska Wealth Advisors, LLC 6.15% of their portfolio ANCHORAGE, AK 693,451693.5k $42.9m $42.9m 6.15% Reduced -19.8k -19,753
5 CERTUITY, LLC 1.58% of their portfolio NORTH PALM BEACH, FL 271,415271.4k $16.8m $16.8m 1.58% Unchanged
6 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 232,812232.8k $14.4m $14.4m 0.00% Added +67.2k +67,204
7 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 227,280227.3k $14.1m $14.1m 0.00% Added +15.8k +15,801
8 CX Institutional 0.35% of their portfolio AUBURN, IN 162,215162.2k $10.0m $10.0m 0.35% Reduced -178.7k -178,668
9 United Bank 3.30% of their portfolio Zebulon, GA 139,469139.5k $8.6m $8.6m 3.30% Reduced -13.0k -13,025
10 Austin Wealth Management, LLC 1.48% of their portfolio Austin, TX 137,263137.3k $8.3m $8.3m 1.48% Added +6.0k +6,037
11 NBT BANK, N.A. 0.52% of their portfolio NORWICH, NY 121,541121.5k $7.5m $7.5m 0.52% Reduced -2.4k -2,419
12 Cornerstone National Bank & Trust Co 3.13% of their portfolio PALATINE, IL 117,628117.6k $7.3m $7.3m 3.13% Reduced -419 -419
13 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 84,78884.8k $5.2m $5.2m 0.01% Reduced -16.9k -16,855
14 Boltwood Capital Management 1.41% of their portfolio WALNUT CREEK, CA 80,22880.2k $5.0m $5.0m 1.41% Reduced -302 -302
15 Money Design Co.,Ltd. 0.21% of their portfolio TOKYO, M0 72,08472.1k $4.5m $4.5m 0.21% Reduced -17.6k -17,624
16 UBS Group AG 0.00% of their portfolio ZURICH, V8 68,87768.9k $4.3m $4.3m 0.00% Added +58.3k +58,264
17 STEPH & CO 1.18% of their portfolio MARINETTE, WI 58,71358.7k $3.6m $3.6m 1.18% Added +411 +411
18 Wealth Architects, LLC 0.35% of their portfolio MOUNTAIN VIEW, CA 56,30856.3k $3.5m $3.5m 0.35% Added +1.2k +1,204
19 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 49,75649.8k $3.1m $3.1m 0.01% Added +16.5k +16,477
20 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 49,53449.5k $3.1m $3.1m 0.00% Reduced -856 -856
21 Missouri Trust & Investment Co 0.90% of their portfolio SPRINGFIELD, MO 44,34344.3k $2.7m $2.7m 0.90% Reduced -195 -195
22 PARK NATIONAL CORP /OH/ 0.09% of their portfolio NEWARK, OH 43,18643.2k $2.7m $2.7m 0.09% Added +13.7k +13,667
23 Brio Consultants, LLC 0.34% of their portfolio SAN FRANCISCO, CA 38,08238.1k $2.4m $2.4m 0.34% Added +2.1k +2,065
24 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 34,58234.6k $2.1m $2.1m 0.00% Added +3.7k +3,661
25 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 33,52133.5k $2.1m $2.1m 0.00% Added +1 +1
26 Dorsey & Whitney Trust CO LLC 0.11% of their portfolio SIOUX FALLS, SD 32,93332.9k $2.0m $2.0m 0.11% Unchanged
27 ENTREWEALTH, LLC 1.40% of their portfolio AUSTIN, TX 32,67932.7k $2.0m $2.0m 1.40% Added +1.7k +1,684
28 ALTFEST L J & CO INC 0.16% of their portfolio NEW YORK, NY 21,98422.0k $1.4m $1.4m 0.16% Added +63 +63
29 Chicago Partners Investment Group LLC 0.03% of their portfolio CHICAGO, IL 19,08519.1k $1.2m $1.2m 0.03% Reduced -702 -702
30 FIDUCIENT ADVISORS LLC 0.13% of their portfolio Chicago, IL 16,82116.8k $1.0m $1.0m 0.13% Added +4.3k +4,288
31 UMB Bank, n.a. 0.02% of their portfolio Kansas City, MO 15,78415.8k $976.7k $976.7k 0.02% Reduced -2.6k -2,562
32 Grove Bank & Trust 0.12% of their portfolio Miami, FL 15,73615.7k $973.7k $973.7k 0.12% Added +2.8k +2,813
33 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 15,23515.2k $942.7k $942.7k 0.00% New
34 SCS Capital Management LLC 0.01% of their portfolio BOSTON, MA 12,60312.6k $779.9k $779.9k 0.01% Unchanged
35 OneDigital Investment Advisors LLC 0.01% of their portfolio OVERLAND PARK, KS 11,72811.7k $725.7k $725.7k 0.01% Unchanged
36 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 11,20111.2k $693.1k $693.1k 0.00% Reduced -151 -151
37 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 10,73810.7k $665.0k $665.0k 0.00% Reduced -413 -413
38 Concurrent Investment Advisors, LLC 0.01% of their portfolio Tampa, FL 10,49510.5k $649.4k $649.4k 0.01% Added +4.2k +4,190
39 Valued Retirements, Inc. 0.73% of their portfolio HOUSTON, TX 10,41710.4k $644.6k $644.6k 0.73% Unchanged
40 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 10,27510.3k $635.8k $635.8k 0.00% Added +2.1k +2,122
41 NorthRock Partners, LLC 0.02% of their portfolio MINNEAPOLIS, MN 9,8799.9k $611.3k $611.3k 0.02% Unchanged
42 Endowment Wealth Management, Inc. 0.30% of their portfolio APPLETON, WI 9,5509.6k $591.0k $591.0k 0.30% Reduced -315 -315
43 WHITTIER TRUST CO 0.01% of their portfolio SOUTH PASADENA, CA 9,5239.5k $589.3k $589.3k 0.01% New
44 VestGen Investment Management 0.38% of their portfolio EGG HARBOR TOWNSHIP, NJ 8,6778.7k $536.9k $536.9k 0.38% Added +587 +587
45 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 6,2046.2k $384.0k $384.0k 0.00% Added +662 +662
46 CHOREO, LLC 0.01% of their portfolio ROCKFORD, IL 6,1986.2k $383.5k $383.5k 0.01% Unchanged
47 Trace Wealth Advisors, LLC 0.31% of their portfolio Los Angeles, CA 6,1876.2k $382.9k $382.9k 0.31% Unchanged
48 Clearstead Advisors, LLC 0.01% of their portfolio CLEVELAND, OH 6,1366.1k $379.7k $379.7k 0.01% Reduced -1.3k -1,345
49 NAPLES GLOBAL ADVISORS, LLC 0.03% of their portfolio NAPLES, FL 6,0006.0k $371.3k $371.3k 0.03% Unchanged
50 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 5,8885.9k $364.4k $364.4k 0.00% Reduced -7.0k -7,020
51 ORBA Wealth Advisors, L.L.C. 0.29% of their portfolio CHICAGO, IL 5,2155.2k $322.7k $322.7k 0.29% Reduced -2.9k -2,921
52 Independence Bank of Kentucky 0.05% of their portfolio OWENSBORO, KY 5,1705.2k $319.9k $319.9k 0.05% Reduced -160 -160
53 Aviso Financial Inc. 0.01% of their portfolio TORONTO, A6 5,1655.2k $319.6k $319.6k 0.01% Added +139 +139
54 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 4,9494.9k $306.2k $306.2k 0.00% Reduced -1.1k -1,055
55 Freedom Investment Management, Inc. 0.02% of their portfolio SOUTH WINDSOR, CT 4,7694.8k $295.1k $295.1k 0.02% New
56 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 4,5944.6k $284.3k $284.3k 0.00% Reduced -1.0k -1,028
57 FFT WEALTH MANAGEMENT LLC 0.05% of their portfolio PHILADELPHIA, PA 4,2434.2k $262.5k $262.5k 0.05% Unchanged
58 SEVEN MILE ADVISORY 0.16% of their portfolio TALLAHASSEE, FL 4,2104.2k $260.5k $260.5k 0.16% Unchanged
59 Capital Advisors, Ltd. LLC 0.03% of their portfolio SHAKER HEIGHTS, OH 4,2014.2k $260.0k $260.0k 0.03% Unchanged
60 Pinnacle Financial Group, LLC / IL 0.08% of their portfolio WESTERN SPRINGS, IL 4,0464.0k $250.4k $250.4k 0.08% Unchanged
61 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 3,9984.0k $247.4k $247.4k 0.00% Added +3.6k +3,619
62 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 3,8563.9k $238.7k $238.7k 0.00% Added +1.1k +1,136
63 First PREMIER Bank 0.05% of their portfolio SIOUX FALLS, SD 3,6663.7k $227.0k $227.0k 0.05% Unchanged
64 Texas Capital Bank Wealth Management Services Inc 0.02% of their portfolio Dallas, TX 3,4743.5k $215.0k $215.0k 0.02% Unchanged
65 Plancorp, LLC 0.01% of their portfolio SAINT LOUIS, MO 3,4303.4k $212.2k $212.2k 0.01% New
66 Smartleaf Asset Management LLC 0.02% of their portfolio BOSTON, MA 3,3133.3k $203.0k $203.0k 0.02% Added +3.2k +3,167
67 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 3,2553.3k $201.4k $201.4k 0.00% Added +947 +947
68 Cadence Bank 0.01% of their portfolio Tupelo, MS 3,2373.2k $200.3k $200.3k 0.01% New
69 Redwood Park Advisors LLC 0.14% of their portfolio Redwood City, CA 2,9963.0k $185.4k $185.4k 0.14% Reduced -24 -24
70 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 2,2582.3k $139.7k $139.7k 0.00% Added +296 +296
71 FMR LLC 0.00% of their portfolio BOSTON, MA 2,2342.2k $138.2k $138.2k 0.00% Reduced -2.3k -2,322
72 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 2,0672.1k $128.0k $128.0k 0.00% Unchanged
73 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 1,9792.0k $122.5k $122.5k 0.00% Reduced -35 -35
74 COMERICA BANK 0.00% of their portfolio DALLAS, TX 1,9532.0k $120.9k $120.9k 0.00% Unchanged
75 THURSTON, SPRINGER, MILLER, HERD & TITAK, INC. 0.01% of their portfolio INDIANAPOLIS, IN 1,7251.7k $106.7k $106.7k 0.01% New
76 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 1,6981.7k $105.1k $105.1k 0.00% Reduced -173 -173
77 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 1,5491.5k $95.9k $95.9k 0.00% Added +348 +348
78 BOKF, NA 0.00% of their portfolio TULSA, OK 1,4951.5k $92.5k $92.5k 0.00% Reduced -1.7k -1,679
79 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 1,4591.5k $90.3k $90.3k 0.00% Unchanged
80 Avalon Trust Co 0.01% of their portfolio SANTA FE, NM 1,2011.2k $74.3k $74.3k 0.01% New
81 GABLES CAPITAL MANAGEMENT INC. 0.03% of their portfolio MIAMI, FL 1,0011.0k $61.9k $61.9k 0.03% Added +319 +319
82 JFS WEALTH ADVISORS, LLC 0.00% of their portfolio HERMITAGE, PA 823823 $50.9k $50.9k 0.00% Reduced -4 -4
83 Brooklyn Investment Group 0.01% of their portfolio NEW YORK, NY 751751 $46.5k $46.5k 0.01% Reduced -150 -150
84 Key Financial Inc 0.01% of their portfolio WEST CHESTER, PA 741741 $45.9k $45.9k 0.01% Reduced -5 -5
85 CNB Bank 0.02% of their portfolio CLEARFIELD, PA 725725 $44.9k $44.9k 0.02% Unchanged
86 Harbor Asset Planning, Inc. 0.03% of their portfolio BELMONT, MA 567567 $35.1k $35.1k 0.03% First filing
87 Wilmington Savings Fund Society, FSB 0.00% of their portfolio WILMINGTON, DE 539539 $33.4k $33.4k 0.00% Added +65 +65
88 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 532532 $32.6k $32.6k 0.00% Unchanged
89 WEST PACES ADVISORS INC. 0.01% of their portfolio ATLANTA, GA 526526 $32.5k $32.5k 0.01% New
90 Golden State Wealth Management, LLC 0.00% of their portfolio SANTA ANA, CA 485485 $30.0k $30.0k 0.00% Added +4 +4
91 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 432432 $26.7k $26.7k 0.00% Reduced -75 -75
92 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 420420 $26.0k $26.0k 0.00% Added +51 +51
93 Parkside Financial Bank & Trust 0.00% of their portfolio SAINT LOUIS, MO 406406 $25.1k $25.1k 0.00% Unchanged
94 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 360360 $22.3k $22.3k 0.00% Unchanged
95 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 249249 $15.4k $15.4k 0.00% New
96 Cullen/Frost Bankers, Inc. 0.00% of their portfolio San Antonio, TX 225225 $13.9k $13.9k 0.00% Reduced -1.2k -1,200
97 MARQUETTE ASSOCIATES, INC. 0.01% of their portfolio CHICAGO, IL 211211 $13.1k $13.1k 0.01% Added +59 +59
98 Beacon Capital Management, LLC 0.00% of their portfolio FRANKLIN, TN 159159 $9.8k $9.8k 0.00% New
99 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 139139 $8.6k $8.6k 0.00% Reduced -5 -5
100 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 122122 $7.5k $7.5k 0.00% Unchanged