Vault-13

FLEXSHARES TR NFRA

STOXX GLOBR INF · ETP · CUSIP 33939L795

122 institutional holders -2 vs Q3 2025
42,498,84642.5m shares reported held*
$2.6bnreported value*
15 new 44 added 30 reduced 19 sold out net bought ≈ $28.0m (+463.2k 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 ($2.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $60.52.

Trends to Q4 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: 120Q3 25: 124Q4 25: 122122Q3 22Q2 23Q1 24Q4 24Q4 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
Q3 2025124
Q4 2025122

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 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 25Q3 25: 60 bought or addedQ3 25: 38 cut or sold outQ4 25: 59 bought or addedQ4 25: 49 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20244455
Q2 20243550
Q3 20244236
Q4 20245433
Q1 20255943
Q2 20254754
Q3 20256038
Q4 20255949

Biggest buyers

NORTHERN TRUST CORP Added +633,192+633.2k
Capstone Financial Advisors, Inc. Added +136,444+136.4k
Alaska Wealth Advisors, LLC Added +17,763+17.8k
BANK OF AMERICA CORP /DE/ Added +14,850+14.8k
ENVESTNET ASSET MANAGEMENT INC Added +12,030+12.0k
Rossby Financial, LCC New +11,797+11.8k
CX Institutional Added +11,391+11.4k
United Bank Added +11,387+11.4k
STIFEL FINANCIAL CORP New +9,794+9.8k
Corient Private Wealth LP New +7,916+7.9k

Biggest sellers

CITADEL ADVISORS LLC Sold out -149,648-149.6k
JANE STREET GROUP, LLC Sold out -124,013-124.0k
Alaska Permanent Capital Management, LLC Reduced -46,926-46.9k
UBS Group AG Reduced -41,835-41.8k
Polar Asset Management Partners Inc. Sold out -23,990-24.0k
MORGAN STANLEY Reduced -20,533-20.5k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -11,457-11.5k
UMB Bank, n.a. Reduced -9,167-9.2k
HighTower Advisors, LLC Sold out -8,226-8.2k
FLOW TRADERS U.S. LLC Sold out -6,764-6.8k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NORTHERN TRUST CORP 0.28% of their portfolio CHICAGO, IL 35,667,67535.7m $2.2bn $2.2bn 0.28% Added +633.2k +633,192
2 Capstone Financial Advisors, Inc. 7.38% of their portfolio DOWNERS GROVE, IL 2,290,0092.3m $138.6m $138.6m 7.38% Added +136.4k +136,444
3 Alaska Permanent Capital Management, LLC 5.00% of their portfolio ANCHORAGE, AK 1,092,0391.1m $65.9m $65.9m 5.00% Reduced -46.9k -46,926
4 Alaska Wealth Advisors, LLC 5.76% of their portfolio ANCHORAGE, AK 746,896746.9k $45.2m $45.2m 5.76% Added +17.8k +17,763
5 CERTUITY, LLC 1.03% of their portfolio NORTH PALM BEACH, FL 271,415271.4k $16.4m $16.4m 1.03% Unchanged
6 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 260,140260.1k $15.7m $15.7m 0.00% Added +12.0k +12,030
7 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 243,545243.5k $14.7m $14.7m 0.00% Reduced -20.5k -20,533
8 CX Institutional 0.33% of their portfolio AUBURN, IN 182,381182.4k $11.0m $11.0m 0.33% Added +11.4k +11,391
9 United Bank 3.48% of their portfolio Zebulon, GA 169,510169.5k $10.3m $10.3m 3.48% Added +11.4k +11,387
10 Austin Wealth Management, LLC 1.29% of their portfolio Austin, TX 144,967145.0k $8.7m $8.7m 1.29% Added +4.7k +4,729
11 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 130,063130.1k $7.9m $7.9m 0.00% Added +14.8k +14,850
12 Cornerstone National Bank & Trust Co 2.97% of their portfolio PALATINE, IL 123,110123.1k $7.4m $7.4m 2.97% Added +3.0k +3,018
13 NBT BANK, N.A. 0.46% of their portfolio NORWICH, NY 117,760117.8k $7.1m $7.1m 0.46% Reduced -2.9k -2,856
14 Boltwood Capital Management 1.29% of their portfolio WALNUT CREEK, CA 82,28982.3k $5.0m $5.0m 1.29% Added +1.2k +1,223
15 PARK NATIONAL CORP /OH/ 0.13% of their portfolio NEWARK, OH 71,39171.4k $4.3m $4.3m 0.13% Added +4.3k +4,288
16 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 61,78861.8k $3.7m $3.7m 0.01% Added +5.5k +5,487
17 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 59,47159.5k $3.6m $3.6m 0.00% Reduced -11.5k -11,457
18 STEPH & CO 1.02% of their portfolio MARINETTE, WI 58,71058.7k $3.6m $3.6m 1.02% Added +199 +199
19 Missouri Trust & Investment Co 0.93% of their portfolio SPRINGFIELD, MO 52,63852.6k $3.2m $3.2m 0.93% Added +6.4k +6,392
20 Wealth Architects, LLC 0.28% of their portfolio MOUNTAIN VIEW, CA 51,45251.5k $3.1m $3.1m 0.28% Reduced -3.0k -3,000
21 Brio Consultants, LLC 0.32% of their portfolio SAN FRANCISCO, CA 41,21841.2k $2.5m $2.5m 0.32% Added +1.6k +1,563
22 ENTREWEALTH, LLC 1.07% of their portfolio AUSTIN, TX 37,38637.4k $2.4m $2.4m 1.07% Added +1.2k +1,185
23 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 36,82236.8k $2.2m $2.2m 0.00% Added +3.3k +3,300
24 Dorsey & Whitney Trust CO LLC 0.12% of their portfolio SIOUX FALLS, SD 36,22736.2k $2.2m $2.2m 0.12% Added +3.3k +3,294
25 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 29,65729.7k $1.8m $1.8m 0.00% Added +3.9k +3,879
26 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 25,45825.5k $1.5m $1.5m 0.00% Reduced -910 -910
27 ALTFEST L J & CO INC 0.16% of their portfolio NEW YORK, NY 23,45623.5k $1.4m $1.4m 0.16% Added +493 +493
28 Chicago Partners Investment Group LLC 0.03% of their portfolio CHICAGO, IL 20,25420.3k $1.2m $1.2m 0.03% Reduced -525 -525
29 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 17,99718.0k $1.1m $1.1m 0.00% Added +5.1k +5,149
30 FIDUCIENT ADVISORS LLC 0.13% of their portfolio Chicago, IL 16,82116.8k $1.0m $1.0m 0.13% Unchanged
31 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 15,62815.6k $945.7k $945.7k 0.00% Added +691 +691
32 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 15,11215.1k $914.4k $914.4k 0.00% Added +6.8k +6,757
33 TRANSCEND CAPITAL ADVISORS, LLC 0.07% of their portfolio MADISON, NJ 14,89614.9k $901.3k $901.3k 0.07% Added +1.1k +1,102
34 SIMON QUICK ADVISORS, LLC 0.04% of their portfolio MORRISTOWN, NJ 14,65214.7k $886.6k $886.6k 0.04% Added +4.2k +4,160
35 Grove Bank & Trust 0.09% of their portfolio Miami, FL 13,22513.2k $800.2k $800.2k 0.09% Added +1.5k +1,465
36 SCS Capital Management LLC 0.01% of their portfolio BOSTON, MA 12,60312.6k $762.6k $762.6k 0.01% Unchanged
37 Concurrent Investment Advisors, LLC 0.01% of their portfolio Tampa, FL 11,99212.0k $725.6k $725.6k 0.01% Added +1.5k +1,500
38 Rossby Financial, LCC 0.22% of their portfolio MELBOURNE, FL 11,79711.8k $713.8k $713.8k 0.22% New
39 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 11,79611.8k $713.8k $713.8k 0.00% Added +493 +493
40 UBS Group AG 0.00% of their portfolio ZURICH, V8 11,22911.2k $679.5k $679.5k 0.00% Reduced -41.8k -41,835
41 OneDigital Investment Advisors LLC 0.01% of their portfolio OVERLAND PARK, KS 11,06811.1k $669.7k $669.7k 0.01% Reduced -660 -660
42 Endowment Wealth Management, Inc. 0.29% of their portfolio APPLETON, WI 10,55310.6k $638.6k $638.6k 0.29% Added +902 +902
43 NorthRock Partners, LLC 0.01% of their portfolio MINNEAPOLIS, MN 9,8799.9k $597.8k $597.8k 0.01% Unchanged
44 Smartleaf Asset Management LLC 0.02% of their portfolio BOSTON, MA 9,8039.8k $595.4k $595.4k 0.02% Reduced -6.0k -6,001
45 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 9,7949.8k $592.6k $592.6k 0.00% New
46 Valued Retirements, Inc. 0.57% of their portfolio HOUSTON, TX 9,6239.6k $582.3k $582.3k 0.57% Reduced -794 -794
47 WHITTIER TRUST CO 0.01% of their portfolio SOUTH PASADENA, CA 9,5239.5k $578.5k $578.5k 0.01% Unchanged
48 VestGen Investment Management 0.31% of their portfolio EGG HARBOR TOWNSHIP, NJ 9,2279.2k $558.3k $558.3k 0.31% Reduced -832 -832
49 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 7,9167.9k $479.0k $479.0k 0.00% New
50 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 7,7287.7k $467.6k $467.6k 0.00% New
51 REDW Wealth LLC 0.17% of their portfolio ALBUQUERQUE, NM 7,1997.2k $435.6k $435.6k 0.17% Unchanged
52 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 7,0197.0k $424.7k $424.7k 0.00% Added +3.4k +3,446
53 BOKF, NA 0.01% of their portfolio TULSA, OK 6,9847.0k $422.6k $422.6k 0.01% Reduced -191 -191
54 Clearstead Advisors, LLC 0.00% of their portfolio CLEVELAND, OH 6,1366.1k $371.3k $371.3k 0.00% Unchanged
55 NAPLES GLOBAL ADVISORS, LLC 0.03% of their portfolio NAPLES, FL 6,0006.0k $363.1k $363.1k 0.03% Unchanged
56 CHOREO, LLC 0.00% of their portfolio ROCKFORD, IL 5,5155.5k $335.0k $335.0k 0.00% Reduced -683 -683
57 Aviso Financial Inc. 0.01% of their portfolio TORONTO, A6 5,2235.2k $316.0k $316.0k 0.01% Reduced -135 -135
58 UMB Bank, n.a. 0.00% of their portfolio Kansas City, MO 5,2215.2k $315.9k $315.9k 0.00% Reduced -9.2k -9,167
59 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 4,9494.9k $299.5k $299.5k 0.00% Unchanged
60 ORBA Wealth Advisors, L.L.C. 0.25% of their portfolio CHICAGO, IL 4,7904.8k $289.8k $289.8k 0.25% Reduced -425 -425
61 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 4,4344.4k $268.3k $268.3k 0.00% Unchanged
62 Trace Wealth Advisors, LLC 0.19% of their portfolio Los Angeles, CA 4,4214.4k $267.5k $267.5k 0.19% Reduced -1.8k -1,766
63 FFT WEALTH MANAGEMENT LLC 0.05% of their portfolio PHILADELPHIA, PA 4,2434.2k $256.7k $256.7k 0.05% Unchanged
64 SEVEN MILE ADVISORY 0.04% of their portfolio TALLAHASSEE, FL 4,2104.2k $254.7k $254.7k 0.04% Unchanged
65 Capital Advisors, Ltd. LLC 0.03% of their portfolio SHAKER HEIGHTS, OH 4,2014.2k $254.0k $254.0k 0.03% Unchanged
66 OLD MISSION CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 4,1674.2k $252.1k $252.1k 0.01% New
67 MENORA MIVTACHIM HOLDINGS LTD. 0.00% of their portfolio Ramat Gan, L3 3,8373.8k $232.2k $232.2k 0.00% New
68 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 3,7953.8k $229.8k $229.8k 0.00% Reduced -106 -106
69 First PREMIER Bank 0.05% of their portfolio SIOUX FALLS, SD 3,6663.7k $222.0k $222.0k 0.05% Unchanged
70 Texas Capital Bank Wealth Management Services Inc 0.01% of their portfolio Dallas, TX 3,4743.5k $210.2k $210.2k 0.01% Unchanged
71 Plancorp, LLC 0.01% of their portfolio SAINT LOUIS, MO 3,4303.4k $207.5k $207.5k 0.01% Unchanged
72 Independence Bank of Kentucky 0.03% of their portfolio OWENSBORO, KY 3,4053.4k $206.0k $206.0k 0.03% Reduced -1.6k -1,615
73 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 3,4023.4k $207.0k $207.0k 0.00% Added +356 +356
74 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 3,0993.1k $187.5k $187.5k 0.00% Unchanged
75 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 2,8772.9k $174.1k $174.1k 0.00% Reduced -344 -344
76 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 2,8762.9k $174.0k $174.0k 0.00% New
77 FMR LLC 0.00% of their portfolio BOSTON, MA 2,5802.6k $156.1k $156.1k 0.00% Added +33 +33
78 Redwood Park Advisors LLC 0.10% of their portfolio Redwood City, CA 2,4962.5k $151.0k $151.0k 0.10% Reduced -320 -320
79 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 2,0092.0k $121.6k $121.6k 0.00% Added +153 +153
80 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 1,6981.7k $102.7k $102.7k 0.00% Unchanged
81 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 1,6881.7k $102.1k $102.1k 0.00% Reduced -28 -28
82 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 1,5261.5k $92.3k $92.3k 0.00% New
83 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 1,4591.5k $88.3k $88.3k 0.00% Unchanged
84 CAMBIENT FAMILY OFFICE, LLC 0.01% of their portfolio ADA, MI 1,3521.4k $81.8k $81.8k 0.01% First filing
85 Caldwell Trust Co 0.01% of their portfolio Venice, FL 1,1261.1k $68.1k $68.1k 0.01% Added +1.0k +1,013
86 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,1001.1k $66.6k $66.6k 0.00% Reduced -570 -570
87 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 1,0101.0k $61.1k $61.1k 0.00% Added +569 +569
88 GABLES CAPITAL MANAGEMENT INC. 0.03% of their portfolio MIAMI, FL 1,0011.0k $60.6k $60.6k 0.03% Unchanged
89 COMERICA BANK 0.00% of their portfolio DALLAS, TX 850850 $51.4k $51.4k 0.00% Reduced -1.1k -1,103
90 JFS WEALTH ADVISORS, LLC 0.00% of their portfolio HERMITAGE, PA 823823 $49.8k $49.8k 0.00% Unchanged
91 Key Financial Inc 0.01% of their portfolio WEST CHESTER, PA 741741 $44.8k $44.8k 0.01% Unchanged
92 CNB Bank 0.02% of their portfolio CLEARFIELD, PA 725725 $43.9k $43.9k 0.02% Unchanged
93 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 715715 $43.3k $43.3k 0.00% Added +283 +283
94 Harbor Asset Planning, Inc. 0.03% of their portfolio BELMONT, MA 594594 $36.0k $36.0k 0.03% Added +24 +24
95 Golden State Wealth Management, LLC 0.00% of their portfolio SANTA ANA, CA 509509 $30.8k $30.8k 0.00% Added +22 +22
96 Perkins Coie Trust Co 0.01% of their portfolio SEATTLE, WA 502502 $30.4k $30.4k 0.01% Unchanged
97 GeoWealth Management, LLC 0.00% of their portfolio CHICAGO, IL 476476 $28.8k $28.8k 0.00% Reduced -53 -53
98 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 463463 $28.0k $28.0k 0.00% Unchanged
99 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 427427 $25.8k $25.8k 0.00% New
100 Parkside Financial Bank & Trust 0.00% of their portfolio SAINT LOUIS, MO 406406 $24.6k $24.6k 0.00% Unchanged