Vault-13

FLEXSHARES TR IQDF

INTL QLTDV IDX · ETP · CUSIP 33939L837

90 institutional holders +10 vs Q3 2025
26,887,34626.9m shares reported held*
$817.4mreported value*
16 new 36 added 16 reduced 7 sold out net bought ≈ $59.8m (+2.0m 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 ≈ $30.40.

Trends to Q4 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: 80Q4 25: 9090Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 202590

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 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 25Q3 25: 45 bought or addedQ3 25: 24 cut or sold outQ4 25: 52 bought or addedQ4 25: 23 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20242824
Q2 20243530
Q3 20243023
Q4 20242823
Q1 20253718
Q2 20253621
Q3 20254524
Q4 20255223

Biggest buyers

NORTHERN TRUST CORP Added +1,217,944+1.2m
KEYBANK NATIONAL ASSOCIATION/OH Added +198,353+198.4k
WELLS FARGO & COMPANY/MN Added +143,707+143.7k
Bank of New York Mellon Corp Added +97,372+97.4k
ROYAL BANK OF CANADA Added +95,010+95.0k
Holcombe Financial, Inc. Added +67,213+67.2k
Farther Finance Advisors, LLC Added +43,701+43.7k
HUB Investment Partners, LLC New +34,186+34.2k
JANE STREET GROUP, LLC New +27,678+27.7k
MORGAN STANLEY Added +25,450+25.4k

Biggest sellers

Rockefeller Capital Management L.P. Sold out -36,739-36.7k
FLOW TRADERS U.S. LLC Reduced -34,134-34.1k
UMB Bank, n.a. Reduced -31,567-31.6k
Smartleaf Asset Management LLC Sold out -28,431-28.4k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -22,718-22.7k
SIMON QUICK ADVISORS, LLC Sold out -19,461-19.5k
JPMORGAN CHASE & CO Reduced -16,430-16.4k
Americana Partners, LLC Sold out -11,284-11.3k
AQR CAPITAL MANAGEMENT LLC Reduced -4,960-5.0k
BESSEMER GROUP INC Sold out -4,775-4.8k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NORTHERN TRUST CORP 0.06% of their portfolio CHICAGO, IL 16,233,66316.2m $493.5m $493.5m 0.06% Added +1.2m +1,217,944
2 KEYBANK NATIONAL ASSOCIATION/OH 0.31% of their portfolio BROOKLYN, OH 2,860,2052.9m $87.0m $87.0m 0.31% Added +198.4k +198,353
3 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,871,4721.9m $56.9m $56.9m 0.01% Added +95.0k +95,010
4 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 784,538784.5k $23.9m $23.9m 0.00% Added +25.4k +25,450
5 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 751,777751.8k $22.9m $22.9m 0.00% Added +97.4k +97,372
6 UBS Group AG 0.00% of their portfolio ZURICH, V8 603,720603.7k $18.4m $18.4m 0.00% Added +11.2k +11,240
7 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 561,042561.0k $17.1m $17.1m 0.01% Added +9.8k +9,780
8 Wealthspire Advisors, LLC 0.09% of their portfolio NEW YORK, NY 367,110367.1k $11.2m $11.2m 0.09% Added +293 +293
9 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 293,902293.9k $8.9m $8.9m 0.00% Added +143.7k +143,707
10 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 182,633182.6k $5.6m $5.6m 0.00% Added +5.8k +5,776
11 Holcombe Financial, Inc. 3.22% of their portfolio ATLANTA, GA 168,578168.6k $5.1m $5.1m 3.22% Added +67.2k +67,213
12 Allworth Financial LP 0.02% of their portfolio FOLSOM, CA 137,341137.3k $4.2m $4.2m 0.02% Reduced -754 -754
13 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 131,554131.6k $4.0m $4.0m 0.00% Added +21.8k +21,802
14 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 113,273113.3k $3.4m $3.4m 0.01% Added +12.0k +12,018
15 FIRST FINANCIAL CORP /IN/ 1.20% of their portfolio TERRE HAUTE, IN 104,470104.5k $3.2m $3.2m 1.20% Unchanged
16 VestGen Investment Management 1.73% of their portfolio EGG HARBOR TOWNSHIP, NJ 102,664102.7k $3.1m $3.1m 1.73% Added +2.9k +2,869
17 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 98,25798.3k $3.0m $3.0m 0.00% Reduced -22.7k -22,718
18 UMB Bank, n.a. 0.04% of their portfolio Kansas City, MO 96,30996.3k $2.9m $2.9m 0.04% Reduced -31.6k -31,567
19 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 95,83495.8k $2.9m $2.9m 0.00% Added +2.0k +1,991
20 Wealthfront Advisers LLC 0.01% of their portfolio Palo Alto, CA 94,18294.2k $2.9m $2.9m 0.01% Reduced -15 -15
21 Curry Webb Wealth Management LLC 1.26% of their portfolio INDIANAPOLIS, IN 83,85383.9k $2.5m $2.5m 1.26% First filing
22 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 79,49779.5k $2.4m $2.4m 0.00% Added +7.6k +7,582
23 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 78,47578.5k $2.4m $2.4m 0.00% Added +10.3k +10,256
24 MATHER GROUP, LLC. 0.02% of their portfolio CHICAGO, IL 62,65162.7k $1.9m $1.9m 0.02% Added +1.9k +1,901
25 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 61,42261.4k $1.9m $1.9m 0.00% Reduced -2.3k -2,269
26 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 50,93350.9k $1.5m $1.5m 0.00% Added +371 +371
27 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 48,41948.4k $1.5m $1.5m 0.00% Added +1.2k +1,240
28 Red Tortoise LLC 0.62% of their portfolio ATLANTA, GA 47,63647.6k $1.4m $1.4m 0.62% Added +162 +162
29 Farther Finance Advisors, LLC 0.01% of their portfolio SAN FRANCISCO, CA 43,90143.9k $1.3m $1.3m 0.01% Added +43.7k +43,701
30 FLOW TRADERS U.S. LLC 0.04% of their portfolio NEW YORK, NY 42,89042.9k $1.3m $1.3m 0.04% Reduced -34.1k -34,134
31 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 38,76638.8k $1.2m $1.2m 0.00% Added +1.4k +1,391
32 HUB Investment Partners, LLC 0.03% of their portfolio AUSTIN, TX 34,18634.2k $1.0m $1.0m 0.03% New
33 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 27,67827.7k $841.4k $841.4k 0.00% New
34 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 27,29927.3k $829.9k $829.9k 0.00% Added +4.6k +4,621
35 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 25,15725.2k $765.0k $765.0k 0.00% New
36 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 20,44820.4k $621.6k $621.6k 0.00% Reduced -5.0k -4,960
37 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 20,07520.1k $610.3k $610.3k 0.00% Added +5.0k +5,012
38 Regal Investment Advisors LLC 0.03% of their portfolio KENTWOOD, MI 18,62718.6k $566.3k $566.3k 0.03% Added +1.4k +1,371
39 COMERICA BANK 0.00% of their portfolio DALLAS, TX 16,62116.6k $505.3k $505.3k 0.00% Reduced -943 -943
40 Bryn Mawr Trust Advisors, LLC 0.02% of their portfolio PHILADELPHIA, PA 16,61816.6k $505.2k $505.2k 0.02% Unchanged
41 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 16,53216.5k $502.6k $502.6k 0.00% Reduced -16.4k -16,430
42 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 16,20016.2k $492.0k $492.0k 0.00% New
43 Essex Bank 0.11% of their portfolio Essex, CT 16,00616.0k $486.4k $486.4k 0.11% Unchanged
44 Rothschild Wealth LLC 0.05% of their portfolio OAK BROOK, IL 15,90915.9k $483.6k $483.6k 0.05% New
45 RVW Wealth, LLC 0.04% of their portfolio LOS ANGELES, CA 15,31815.3k $465.7k $465.7k 0.04% Unchanged
46 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 15,31015.3k $465.4k $465.4k 0.00% Reduced -132 -132
47 Atria Investments, Inc 0.01% of their portfolio Charlotte, NC 15,29815.3k $465.1k $465.1k 0.01% New
48 Quartz Partners, LLC 0.17% of their portfolio SARATOGA SPRINGS, NY 15,26415.3k $464.0k $464.0k 0.17% Unchanged
49 Valued Retirements, Inc. 0.45% of their portfolio HOUSTON, TX 14,99615.0k $455.9k $455.9k 0.45% Unchanged
50 APS Management Group, Inc. 0.39% of their portfolio TORRANCE, CA 14,92914.9k $453.8k $453.8k 0.39% Added +148 +148
51 NATIXIS ADVISORS, LLC 0.00% of their portfolio Boston, MA 13,70713.7k $417.0k $417.0k 0.00% Added +1.9k +1,940
52 WealthPoint Financial, LLC 0.36% of their portfolio CRAMERTON, NC 13,43013.4k $408.3k $408.3k 0.36% First filing
53 Crewe Advisors LLC 0.03% of their portfolio SALT LAKE CITY, UT 12,72212.7k $386.7k $386.7k 0.03% Unchanged
54 First Heartland Consultants, Inc. 0.03% of their portfolio LAKE ST. LOUIS, MO 12,32312.3k $374.6k $374.6k 0.03% New
55 NBT BANK, N.A. 0.02% of their portfolio NORWICH, NY 12,28512.3k $373.5k $373.5k 0.02% Reduced -60 -60
56 Empire Financial Management Company, LLC 0.08% of their portfolio NEW YORK, NY 11,76811.8k $357.7k $357.7k 0.08% Reduced -345 -345
57 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 11,61311.6k $353.0k $353.0k 0.00% Added +716 +716
58 Charter Capital Management, LLC\DE 0.18% of their portfolio BROOKFIELD, WI 11,40511.4k $346.7k $346.7k 0.18% Unchanged
59 Clark Asset Management, LLC 0.03% of their portfolio STRATHAM, NH 10,70810.7k $325.5k $325.5k 0.03% New
60 Anson Capital, Inc. 0.24% of their portfolio TYRONE, GA 10,67310.7k $324.5k $324.5k 0.24% Unchanged
61 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 10,42210.4k $316.8k $316.8k 0.00% Added +35 +35
62 ABSOLUTE CAPITAL MANAGEMENT, LLC 0.10% of their portfolio Pittsburgh, PA 9,3979.4k $285.7k $285.7k 0.10% Reduced -428 -428
63 Live Oak Private Wealth LLC 0.04% of their portfolio WILMINGTON, NC 8,8578.9k $269.3k $269.3k 0.04% Unchanged
64 WealthPlan Investment Management, LLC 0.02% of their portfolio OMAHA, NE 8,1138.1k $246.6k $246.6k 0.02% New
65 LANARK FINANCIAL, INC. 0.02% of their portfolio BIRMINGHAM, AL 7,6007.6k $231.1k $231.1k 0.02% Added +332 +332
66 Fortis Capital Management LLC 0.03% of their portfolio BELLEVUE, WA 7,1337.1k $216.8k $216.8k 0.03% Unchanged
67 Comprehensive Money Management Services LLC 0.15% of their portfolio CORAL GABLES, FL 7,1257.1k $216.6k $216.6k 0.15% Unchanged
68 CABOT WEALTH MANAGEMENT INC 0.02% of their portfolio BEVERLY, MA 7,0987.1k $215.8k $215.8k 0.02% New
69 MERITAGE PORTFOLIO MANAGEMENT 0.01% of their portfolio OVERLAND PARK, KS 6,7506.8k $205.2k $205.2k 0.01% New
70 PFG Advisors 0.01% of their portfolio Phoenix, AZ 6,6676.7k $202.7k $202.7k 0.01% New
71 FMR LLC 0.00% of their portfolio BOSTON, MA 5,2715.3k $160.2k $160.2k 0.00% Added +5.2k +5,194
72 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 5,2295.2k $159.0k $159.0k 0.00% Unchanged
73 Atlantic Private Wealth, LLC 0.10% of their portfolio CHAPEL HILL, NC 5,2295.2k $159.0k $159.0k 0.10% Unchanged
74 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 2,6812.7k $81.5k $81.5k 0.00% Reduced -2.6k -2,623
75 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 2,5792.6k $78.4k $78.4k 0.00% Added +3 +3
76 GGM Financial LLC 0.04% of their portfolio COLUMBUS, OH 2,3862.4k $72.5k $72.5k 0.04% New
77 Rossmore Private Capital 0.01% of their portfolio GLASTONBURY, CT 2,2502.2k $68.4k $68.4k 0.01% Unchanged
78 SJS Investment Consulting Inc. 0.01% of their portfolio SYLVANIA, OH 1,8831.9k $57.2k $57.2k 0.01% Unchanged
79 MONTAG A & ASSOCIATES INC 0.00% of their portfolio ATLANTA, GA 1,7501.8k $53.2k $53.2k 0.00% New
80 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 1,4381.4k $43.7k $43.7k 0.00% Added +166 +166
81 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,0261.0k $31.2k $31.2k 0.00% Unchanged
82 Harbor Asset Planning, Inc. 0.01% of their portfolio BELMONT, MA 573573 $17.4k $17.4k 0.01% Added +4 +4
83 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 528528 $16.0k $16.0k 0.00% Added +3 +3
84 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio ORLANDO, FL 374374 $11.4k $11.4k 0.00% New
85 CALDWELL SUTTER CAPITAL, INC. 0.00% of their portfolio SAUSALITO, CA 271271 $8.2k $8.2k 0.00% Reduced -1.4k -1,384
86 Winch Advisory Services, LLC 0.00% of their portfolio Appleton, WI 201201 $6.1k $6.1k 0.00% Unchanged
87 CVA Family Office, LLC 0.00% of their portfolio DENVER, CO 165165 $5.0k $5.0k 0.00% Unchanged
88 CWM, LLC 0.00% of their portfolio OMAHA, NE 163163 $5.0k $5.0k 0.00% Unchanged
89 Medallion Wealth Advisors, LLC 0.00% of their portfolio FARMINGTON, CT 102102 $3.1k $3.1k 0.00% Reduced -104 -104
90 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 1313 $395 $395 0.00% New