Vault-13

FLEXSHARES TR IQDF

INTL QLTDV IDX · ETP · CUSIP 33939L837

80 institutional holders +4 vs Q2 2025
24,860,73524.9m shares reported held*
$709.4mreported value*
13 new 32 added 16 reduced 8 sold out net bought ≈ $848.5k (+29.7k 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 ≈ $28.53.

Trends to Q3 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: 76Q3 25: 8080Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 202580

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q4 23: 23 bought or addedQ4 23: 32 cut or sold outQ1 24: 28 bought or addedQ1 24: 24 cut or sold outQ1 24Q2 24: 35 bought or addedQ2 24: 30 cut or sold outQ3 24: 30 bought or addedQ3 24: 23 cut or sold outQ3 24Q4 24: 28 bought or addedQ4 24: 23 cut or sold outQ1 25: 37 bought or addedQ1 25: 18 cut or sold outQ1 25Q2 25: 36 bought or addedQ2 25: 21 cut or sold outQ3 25: 45 bought or addedQ3 25: 24 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20232332
Q1 20242824
Q2 20243530
Q3 20243023
Q4 20242823
Q1 20253718
Q2 20253621
Q3 20254524

Biggest buyers

NORTHERN TRUST CORP Added +988,356+988.4k
KEYBANK NATIONAL ASSOCIATION/OH Added +179,875+179.9k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +120,975+121.0k
FIRST FINANCIAL CORP /IN/ New +104,470+104.5k
Holcombe Financial, Inc. New +101,365+101.4k
Bank of New York Mellon Corp Added +92,661+92.7k
WELLS FARGO & COMPANY/MN Added +84,102+84.1k
Rockefeller Capital Management L.P. New +36,739+36.7k
Smartleaf Asset Management LLC New +28,431+28.4k
ENVESTNET ASSET MANAGEMENT INC Added +27,250+27.2k

Biggest sellers

ROYAL BANK OF CANADA Reduced -1,659,720-1.7m
UBS Group AG Reduced -57,370-57.4k
UMB Bank, n.a. Reduced -37,792-37.8k
JANE STREET GROUP, LLC Sold out -37,274-37.3k
MSH Capital Advisors LLC Sold out -30,772-30.8k
GOLDMAN SACHS GROUP INC Sold out -24,612-24.6k
STIFEL FINANCIAL CORP Sold out -18,419-18.4k
Kestra Advisory Services, LLC Reduced -15,282-15.3k
Siligmueller & Norvid Wealth Advisors LLC Sold out -14,553-14.6k
Brookstone Capital Management Sold out -10,329-10.3k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NORTHERN TRUST CORP 0.05% of their portfolio CHICAGO, IL 15,015,71915.0m $428.5m $428.5m 0.05% Added +988.4k +988,356
2 KEYBANK NATIONAL ASSOCIATION/OH 0.27% of their portfolio BROOKLYN, OH 2,661,8522.7m $76.0m $76.0m 0.27% Added +179.9k +179,875
3 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,776,4621.8m $50.7m $50.7m 0.01% Reduced -1.7m -1,659,720
4 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 759,088759.1k $21.7m $21.7m 0.00% Added +8.6k +8,557
5 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 654,405654.4k $18.7m $18.7m 0.00% Added +92.7k +92,661
6 UBS Group AG 0.00% of their portfolio ZURICH, V8 592,480592.5k $16.9m $16.9m 0.00% Reduced -57.4k -57,370
7 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 551,262551.3k $15.7m $15.7m 0.00% Added +27.2k +27,250
8 Wealthspire Advisors, LLC 0.05% of their portfolio NEW YORK, NY 366,817366.8k $10.5m $10.5m 0.05% Added +3.9k +3,946
9 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 176,857176.9k $5.0m $5.0m 0.00% Added +47 +47
10 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 150,195150.2k $4.3m $4.3m 0.00% Added +84.1k +84,102
11 Allworth Financial LP 0.02% of their portfolio FOLSOM, CA 138,095138.1k $3.9m $3.9m 0.02% Reduced -1.7k -1,710
12 UMB Bank, n.a. 0.05% of their portfolio Kansas City, MO 127,876127.9k $3.6m $3.6m 0.05% Reduced -37.8k -37,792
13 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 120,975121.0k $3.5m $3.5m 0.01% New
14 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 109,752109.8k $3.1m $3.1m 0.00% Added +2.5k +2,515
15 FIRST FINANCIAL CORP /IN/ 1.17% of their portfolio TERRE HAUTE, IN 104,470104.5k $3.0m $3.0m 1.17% New
16 Holcombe Financial, Inc. 2.02% of their portfolio ATLANTA, GA 101,365101.4k $2.9m $2.9m 2.02% New
17 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 101,255101.3k $2.9m $2.9m 0.01% Added +12.1k +12,111
18 VestGen Investment Management 1.71% of their portfolio EGG HARBOR TOWNSHIP, NJ 99,79599.8k $2.8m $2.8m 1.71% Added +25.4k +25,436
19 Wealthfront Advisers LLC 0.01% of their portfolio Palo Alto, CA 94,19794.2k $2.7m $2.7m 0.01% Reduced -3.7k -3,705
20 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 93,84393.8k $2.7m $2.7m 0.00% Reduced -1.8k -1,767
21 FLOW TRADERS U.S. LLC 0.09% of their portfolio NEW YORK, NY 77,02477.0k $2.2m $2.2m 0.09% Reduced -3.0k -3,010
22 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 71,91571.9k $2.1m $2.1m 0.00% Reduced -1.9k -1,922
23 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 68,21968.2k $1.9m $1.9m 0.00% Added +5.6k +5,614
24 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 63,69163.7k $1.8m $1.8m 0.00% Added +22.4k +22,394
25 MATHER GROUP, LLC. 0.02% of their portfolio CHICAGO, IL 60,75060.8k $1.7m $1.7m 0.02% Reduced -188 -188
26 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 50,56250.6k $1.4m $1.4m 0.00% Added +1.2k +1,166
27 Red Tortoise LLC 0.59% of their portfolio ATLANTA, GA 47,47447.5k $1.4m $1.4m 0.59% Added +395 +395
28 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 47,17947.2k $1.3m $1.3m 0.00% Added +11 +11
29 Fortress Wealth Management, Inc. 0.48% of their portfolio Culver City, CA 37,45637.5k $1.1m $1.1m 0.48% Added +6.0k +5,999
30 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 37,37537.4k $1.1m $1.1m 0.00% Reduced -15.3k -15,282
31 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 36,73936.7k $1.0m $1.0m 0.00% New
32 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 32,96233.0k $940.6k $940.6k 0.00% Added +18.9k +18,864
33 Smartleaf Asset Management LLC 0.05% of their portfolio BOSTON, MA 28,43128.4k $808.6k $808.6k 0.05% New
34 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 25,40825.4k $725.0k $725.0k 0.00% Reduced -3.3k -3,334
35 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 22,67822.7k $647.1k $647.1k 0.00% New
36 SIMON QUICK ADVISORS, LLC 0.03% of their portfolio MORRISTOWN, NJ 19,46119.5k $555.3k $555.3k 0.03% Reduced -1.6k -1,639
37 COMERICA BANK 0.00% of their portfolio DALLAS, TX 17,56417.6k $501.2k $501.2k 0.00% Added +26 +26
38 Regal Investment Advisors LLC 0.03% of their portfolio KENTWOOD, MI 17,25617.3k $492.4k $492.4k 0.03% Added +1.0k +1,011
39 Bryn Mawr Trust Advisors, LLC 0.02% of their portfolio PHILADELPHIA, PA 16,61816.6k $474.2k $474.2k 0.02% Unchanged
40 Essex Bank 0.10% of their portfolio Essex, CT 16,00616.0k $456.7k $456.7k 0.10% Unchanged
41 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 15,44215.4k $438.8k $438.8k 0.00% Added +339 +339
42 RVW Wealth, LLC 0.03% of their portfolio LOS ANGELES, CA 15,31815.3k $437.1k $437.1k 0.03% Unchanged
43 Quartz Partners, LLC 0.16% of their portfolio SARATOGA SPRINGS, NY 15,26415.3k $435.6k $435.6k 0.16% Unchanged
44 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 15,06315.1k $429.8k $429.8k 0.00% Added +2.1k +2,096
45 Valued Retirements, Inc. 0.46% of their portfolio HOUSTON, TX 14,99615.0k $406.4k $406.4k 0.46% Unchanged
46 APS Management Group, Inc. 0.37% of their portfolio TORRANCE, CA 14,78114.8k $421.8k $421.8k 0.37% First filing
47 Crewe Advisors LLC 0.03% of their portfolio SALT LAKE CITY, UT 12,72212.7k $363.0k $363.0k 0.03% Added +8.7k +8,707
48 NBT BANK, N.A. 0.02% of their portfolio NORWICH, NY 12,34512.3k $352.3k $352.3k 0.02% Reduced -400 -400
49 Empire Financial Management Company, LLC 0.08% of their portfolio NEW YORK, NY 12,11312.1k $345.6k $345.6k 0.08% Unchanged
50 NATIXIS ADVISORS, LLC 0.00% of their portfolio Boston, MA 11,76711.8k $336.0k $336.0k 0.00% Reduced -343 -343
51 Charter Capital Management, LLC\DE 0.18% of their portfolio BROOKFIELD, WI 11,40511.4k $325.4k $325.4k 0.18% Unchanged
52 Americana Partners, LLC 0.01% of their portfolio Houston, TX 11,28411.3k $322.0k $322.0k 0.01% New
53 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 10,89710.9k $311.0k $311.0k 0.00% Added +45 +45
54 Anson Capital, Inc. 0.23% of their portfolio TYRONE, GA 10,67310.7k $304.6k $304.6k 0.23% Unchanged
55 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 10,38710.4k $296.4k $296.4k 0.00% Reduced -375 -375
56 ABSOLUTE CAPITAL MANAGEMENT, LLC 0.12% of their portfolio Pittsburgh, PA 9,8259.8k $280.4k $280.4k 0.12% Unchanged
57 Live Oak Private Wealth LLC 0.04% of their portfolio WILMINGTON, NC 8,8578.9k $252.7k $252.7k 0.04% New
58 LANARK FINANCIAL, INC. 0.02% of their portfolio BIRMINGHAM, AL 7,2687.3k $207.4k $207.4k 0.02% Added +142 +142
59 Fortis Capital Management LLC 0.03% of their portfolio BELLEVUE, WA 7,1337.1k $203.5k $203.5k 0.03% New
60 Comprehensive Money Management Services LLC 0.14% of their portfolio CORAL GABLES, FL 7,1257.1k $203.3k $203.3k 0.14% New
61 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 5,3045.3k $151.3k $151.3k 0.00% Added +27 +27
62 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 5,2295.2k $149.2k $149.2k 0.00% New
63 Atlantic Private Wealth, LLC 0.10% of their portfolio CHAPEL HILL, NC 5,2295.2k $149.2k $149.2k 0.10% New
64 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 4,7754.8k $136.0k $136.0k 0.00% Unchanged
65 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 2,5762.6k $73.5k $73.5k 0.00% Added +5 +5
66 Rossmore Private Capital 0.01% of their portfolio GLASTONBURY, CT 2,2502.2k $64.2k $64.2k 0.01% New
67 SJS Investment Consulting Inc. 0.01% of their portfolio SYLVANIA, OH 1,8831.9k $53.7k $53.7k 0.01% Added +1.7k +1,720
68 CALDWELL SUTTER CAPITAL, INC. 0.02% of their portfolio SAUSALITO, CA 1,6551.7k $47.2k $47.2k 0.02% Added +1.4k +1,384
69 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 1,2721.3k $36.3k $36.3k 0.00% Unchanged
70 Aspect Partners, LLC 0.01% of their portfolio FAIRFAX, VA 1,1071.1k $31.6k $31.6k 0.01% Unchanged
71 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,0261.0k $29.3k $29.3k 0.00% Unchanged
72 Harbor Asset Planning, Inc. 0.01% of their portfolio BELMONT, MA 569569 $16.2k $16.2k 0.01% Added +5 +5
73 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 525525 $15.0k $15.0k 0.00% Added +6 +6
74 Medallion Wealth Advisors, LLC 0.00% of their portfolio FARMINGTON, CT 206206 $5.9k $5.9k 0.00% Added +2 +2
75 Winch Advisory Services, LLC 0.00% of their portfolio Appleton, WI 201201 $5.7k $5.7k 0.00% Unchanged
76 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 200200 $5.7k $5.7k 0.00% Unchanged
77 CVA Family Office, LLC 0.00% of their portfolio DENVER, CO 165165 $4.7k $4.7k 0.00% Unchanged
78 CWM, LLC 0.00% of their portfolio OMAHA, NE 163163 $5.0k $5.0k 0.00% Unchanged
79 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 130130 $3.7k $3.7k 0.00% Unchanged
80 FMR LLC 0.00% of their portfolio BOSTON, MA 7777 $2.2k $2.2k 0.00% Reduced -288 -288