Vault-13

FLEXSHARES TR IQDF

INTL QLTDV IDX · ETP · CUSIP 33939L837

76 institutional holders +6 vs Q1 2025
24,824,22724.8m shares reported held*
$672.7mreported value*
8 new 28 added 17 reduced 4 sold out net bought ≈ $85.9m (+3.2m 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 ≈ $27.10.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 58Q4 22: 56Q1 23: 57Q2 23: 56Q3 23: 61Q4 23: 64Q1 24: 65Q2 24: 68Q3 24: 64Q4 24: 67Q1 25: 70Q2 25: 7676Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202258
Q4 202256
Q1 202357
Q2 202356
Q3 202361
Q4 202364
Q1 202465
Q2 202468
Q3 202464
Q4 202467
Q1 202570
Q2 202576

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 23: 24 bought or addedQ3 23: 29 cut or sold outQ4 23: 23 bought or addedQ4 23: 32 cut or sold outQ4 23Q1 24: 28 bought or addedQ1 24: 24 cut or sold outQ2 24: 35 bought or addedQ2 24: 30 cut or sold outQ2 24Q3 24: 30 bought or addedQ3 24: 23 cut or sold outQ4 24: 28 bought or addedQ4 24: 23 cut or sold outQ4 24Q1 25: 37 bought or addedQ1 25: 18 cut or sold outQ2 25: 36 bought or addedQ2 25: 21 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20232429
Q4 20232332
Q1 20242824
Q2 20243530
Q3 20243023
Q4 20242823
Q1 20253718
Q2 20253621

Biggest buyers

ROYAL BANK OF CANADA Added +1,511,721+1.5m
NORTHERN TRUST CORP Added +1,038,736+1.0m
KEYBANK NATIONAL ASSOCIATION/OH Added +252,844+252.8k
Bank of New York Mellon Corp Added +161,385+161.4k
MORGAN STANLEY Added +57,833+57.8k
WELLS FARGO & COMPANY/MN Added +48,986+49.0k
Wealthfront Advisers LLC Added +45,946+45.9k
UBS Group AG Added +44,297+44.3k
FLOW TRADERS U.S. LLC Added +42,705+42.7k
AQR CAPITAL MANAGEMENT LLC New +28,742+28.7k

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -77,601-77.6k
ENVESTNET ASSET MANAGEMENT INC Reduced -31,020-31.0k
UMB Bank, n.a. Reduced -27,424-27.4k
VestGen Investment Management Reduced -20,512-20.5k
Creative Planning Reduced -12,858-12.9k
D.A. DAVIDSON & CO. Sold out -12,325-12.3k
TOWNSQUARE CAPITAL LLC Sold out -8,854-8.9k
MATHER GROUP, LLC. Reduced -7,467-7.5k
Baird Financial Group, Inc. Reduced -6,067-6.1k
SVB WEALTH LLC Sold out -6,000-6.0k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NORTHERN TRUST CORP 0.05% of their portfolio CHICAGO, IL 14,027,36314.0m $380.1m $380.1m 0.05% Added +1.0m +1,038,736
2 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 3,436,1823.4m $93.1m $93.1m 0.01% Added +1.5m +1,511,721
3 KEYBANK NATIONAL ASSOCIATION/OH 0.25% of their portfolio BROOKLYN, OH 2,481,9772.5m $67.3m $67.3m 0.25% Added +252.8k +252,844
4 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 750,531750.5k $20.3m $20.3m 0.00% Added +57.8k +57,833
5 UBS Group AG 0.00% of their portfolio ZURICH, V8 649,850649.9k $17.6m $17.6m 0.00% Added +44.3k +44,297
6 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 561,744561.7k $15.2m $15.2m 0.00% Added +161.4k +161,385
7 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 524,012524.0k $14.2m $14.2m 0.00% Reduced -31.0k -31,020
8 Wealthspire Advisors, LLC 0.06% of their portfolio NEW YORK, NY 362,871362.9k $9.8m $9.8m 0.06% Added +23.7k +23,729
9 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 176,810176.8k $4.8m $4.8m 0.00% Reduced -12.9k -12,858
10 UMB Bank, n.a. 0.07% of their portfolio Kansas City, MO 165,668165.7k $4.5m $4.5m 0.07% Reduced -27.4k -27,424
11 Allworth Financial LP 0.02% of their portfolio FOLSOM, CA 139,805139.8k $3.8m $3.8m 0.02% Added +474 +474
12 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 107,237107.2k $2.9m $2.9m 0.00% Added +2.2k +2,159
13 Wealthfront Advisers LLC 0.01% of their portfolio Palo Alto, CA 97,90297.9k $2.7m $2.7m 0.01% Added +45.9k +45,946
14 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 95,61095.6k $2.6m $2.6m 0.00% Added +2.2k +2,207
15 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 89,14489.1k $2.4m $2.4m 0.01% Added +1.8k +1,806
16 FLOW TRADERS U.S. LLC 0.08% of their portfolio NEW YORK, NY 80,03480.0k $2.2m $2.2m 0.08% Added +42.7k +42,705
17 VestGen Investment Management 1.44% of their portfolio EGG HARBOR TOWNSHIP, NJ 74,35974.4k $2.0m $2.0m 1.44% Reduced -20.5k -20,512
18 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 73,83773.8k $2.0m $2.0m 0.00% Reduced -77.6k -77,601
19 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 66,09366.1k $1.8m $1.8m 0.00% Added +49.0k +48,986
20 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 62,60562.6k $1.7m $1.7m 0.00% Reduced -101 -101
21 MATHER GROUP, LLC. 0.02% of their portfolio CHICAGO, IL 60,93860.9k $1.7m $1.7m 0.02% Reduced -7.5k -7,467
22 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 52,65752.7k $1.4m $1.4m 0.01% Added +765 +765
23 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 49,39649.4k $1.3m $1.3m 0.00% Added +7.9k +7,904
24 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 47,16847.2k $1.3m $1.3m 0.00% Reduced -6.1k -6,067
25 Red Tortoise LLC 0.62% of their portfolio ATLANTA, GA 47,07947.1k $1.3m $1.3m 0.62% Added +744 +744
26 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 41,29741.3k $1.1m $1.1m 0.00% Added +7.8k +7,773
27 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 37,27437.3k $1.0m $1.0m 0.00% Added +27.4k +27,433
28 Fortress Wealth Management, Inc. 0.41% of their portfolio Culver City, CA 31,45731.5k $852.5k $852.5k 0.41% Added +2.6k +2,570
29 MSH Capital Advisors LLC 0.24% of their portfolio SCOTTSDALE, AZ 30,77230.8k $833.9k $833.9k 0.24% Unchanged
30 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 28,74228.7k $778.9k $778.9k 0.00% New
31 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 24,61224.6k $667.0k $667.0k 0.00% New
32 SIMON QUICK ADVISORS, LLC 0.03% of their portfolio MORRISTOWN, NJ 21,10021.1k $571.8k $571.8k 0.03% New
33 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 18,41918.4k $499.1k $499.1k 0.00% New
34 COMERICA BANK 0.00% of their portfolio DALLAS, TX 17,53817.5k $475.3k $475.3k 0.00% Reduced -157 -157
35 Bryn Mawr Trust Advisors, LLC 0.02% of their portfolio PHILADELPHIA, PA 16,61816.6k $450.3k $450.3k 0.02% Unchanged
36 Regal Investment Advisors LLC 0.03% of their portfolio KENTWOOD, MI 16,24516.2k $440.2k $440.2k 0.03% Reduced -1.9k -1,896
37 Essex Bank 0.10% of their portfolio Essex, CT 16,00616.0k $433.6k $433.6k 0.10% Added +1.7k +1,743
38 RVW Wealth, LLC 0.04% of their portfolio LOS ANGELES, CA 15,31815.3k $415.1k $415.1k 0.04% Added +469 +469
39 Quartz Partners, LLC 0.19% of their portfolio SARATOGA SPRINGS, NY 15,26415.3k $413.7k $413.7k 0.19% Unchanged
40 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 15,10315.1k $409.3k $409.3k 0.00% Added +1.6k +1,582
41 Valued Retirements, Inc. 0.46% of their portfolio HOUSTON, TX 14,99615.0k $406.4k $406.4k 0.46% Unchanged
42 Siligmueller & Norvid Wealth Advisors LLC 0.15% of their portfolio GLEN ELLYN, IL 14,55314.6k $396.7k $396.7k 0.15% Unchanged
43 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 14,09814.1k $382.1k $382.1k 0.00% Reduced -1.6k -1,581
44 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 12,96713.0k $351.4k $351.4k 0.00% Added +5.8k +5,821
45 NBT BANK, N.A. 0.02% of their portfolio NORWICH, NY 12,74512.7k $345.4k $345.4k 0.02% Unchanged
46 Empire Financial Management Company, LLC 0.09% of their portfolio NEW YORK, NY 12,11312.1k $328.3k $328.3k 0.09% Unchanged
47 NATIXIS ADVISORS, LLC 0.00% of their portfolio Boston, MA 12,11012.1k $328.0k $328.0k 0.00% Unchanged
48 Charter Capital Management, LLC\DE 0.18% of their portfolio BROOKFIELD, WI 11,40511.4k $309.1k $309.1k 0.18% First filing
49 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 10,85210.9k $294.1k $294.1k 0.00% Reduced -3.0k -2,958
50 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 10,76210.8k $291.6k $291.6k 0.00% Reduced -716 -716
51 Anson Capital, Inc. 0.23% of their portfolio TYRONE, GA 10,67310.7k $289.2k $289.2k 0.23% Reduced -82 -82
52 Brookstone Capital Management 0.00% of their portfolio WHEATON, IL 10,32910.3k $279.9k $279.9k 0.00% Reduced -50 -50
53 ABSOLUTE CAPITAL MANAGEMENT, LLC 0.13% of their portfolio Pittsburgh, PA 9,8259.8k $266.3k $266.3k 0.13% Reduced -862 -862
54 EP Wealth Advisors, LLC 0.00% of their portfolio TORRANCE, CA 8,0088.0k $217.0k $217.0k 0.00% Reduced -5.2k -5,161
55 LANARK FINANCIAL, INC. 0.02% of their portfolio BIRMINGHAM, AL 7,1267.1k $193.0k $193.0k 0.02% Added +4.2k +4,201
56 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 5,2775.3k $143.0k $143.0k 0.00% Unchanged
57 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 4,7754.8k $129.0k $129.0k 0.00% Unchanged
58 Crewe Advisors LLC 0.02% of their portfolio SALT LAKE CITY, UT 4,0154.0k $108.8k $108.8k 0.02% New
59 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 2,5712.6k $69.7k $69.7k 0.00% Added +8 +8
60 THURSTON, SPRINGER, MILLER, HERD & TITAK, INC. 0.01% of their portfolio INDIANAPOLIS, IN 1,6791.7k $45.5k $45.5k 0.01% Unchanged
61 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 1,2721.3k $34.5k $34.5k 0.00% Unchanged
62 Aspect Partners, LLC 0.01% of their portfolio FAIRFAX, VA 1,1071.1k $30.0k $30.0k 0.01% New
63 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,0261.0k $27.8k $27.8k 0.00% Unchanged
64 Harbor Asset Planning, Inc. 0.01% of their portfolio BELMONT, MA 564564 $15.3k $15.3k 0.01% First filing
65 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 519519 $14.1k $14.1k 0.00% Added +8 +8
66 FMR LLC 0.00% of their portfolio BOSTON, MA 365365 $9.9k $9.9k 0.00% New
67 Blue Trust, Inc. 0.00% of their portfolio BRENTWOOD, TN 361361 $9.8k $9.8k 0.00% New
68 CALDWELL SUTTER CAPITAL, INC. 0.00% of their portfolio SAUSALITO, CA 271271 $7.3k $7.3k 0.00% Unchanged
69 Medallion Wealth Advisors, LLC 0.00% of their portfolio FARMINGTON, CT 204204 $5.5k $5.5k 0.00% Added +3 +3
70 Winch Advisory Services, LLC 0.00% of their portfolio Appleton, WI 201201 $5.4k $5.4k 0.00% Unchanged
71 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 200200 $5.4k $5.4k 0.00% Unchanged
72 CVA Family Office, LLC 0.00% of their portfolio DENVER, CO 165165 $4.5k $4.5k 0.00% Unchanged
73 CWM, LLC 0.00% of their portfolio OMAHA, NE 163163 $4.0k $4.0k 0.00% Unchanged
74 SJS Investment Consulting Inc. 0.00% of their portfolio SYLVANIA, OH 163163 $4.4k $4.4k 0.00% Unchanged
75 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 130130 $3.5k $3.5k 0.00% Unchanged
76 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged