Vault-13

FLEXSHARES TR QDEF

QLT DIV DEF IDX · ETP · CUSIP 33939L845

88 institutional holders -1 vs Q1 2025
4,702,5534.7m shares reported held*
$348.2mreported value*
3 new 30 added 27 reduced 5 sold out net bought ≈ $11.6m (+156.9k 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 ≈ $74.05. Options: 0 managers hold calls (— notional), 1 hold puts ($51.8k).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 71Q4 22: 69Q1 23: 71Q2 23: 69Q3 23: 72Q4 23: 80Q1 24: 85Q2 24: 75Q3 24: 83Q4 24: 85Q1 25: 89Q2 25: 8888Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202271
Q4 202269
Q1 202371
Q2 202369
Q3 202372
Q4 202380
Q1 202485
Q2 202475
Q3 202483
Q4 202485
Q1 202589
Q2 202588

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 23: 23 bought or addedQ3 23: 29 cut or sold outQ4 23: 28 bought or addedQ4 23: 27 cut or sold outQ4 23Q1 24: 34 bought or addedQ1 24: 27 cut or sold outQ2 24: 19 bought or addedQ2 24: 40 cut or sold outQ2 24Q3 24: 35 bought or addedQ3 24: 26 cut or sold outQ4 24: 30 bought or addedQ4 24: 32 cut or sold outQ4 24Q1 25: 37 bought or addedQ1 25: 36 cut or sold outQ2 25: 33 bought or addedQ2 25: 32 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20232329
Q4 20232827
Q1 20243427
Q2 20241940
Q3 20243526
Q4 20243032
Q1 20253736
Q2 20253332

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$20k$40k$60kQ3 24 calls: $0Q3 24 puts: $0Q3 24P/C —Q4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $0Q2 25 puts: $51.8kQ2 25P/C —
Numbers
QuarterCallsPutsP/C
Q3 2024$0$0—
Q4 2024$0$0—
Q1 2025$0$0—
Q2 2025$0$51.8k—

Biggest buyers

NORTHERN TRUST CORP Added +143,363+143.4k
BANK OF AMERICA CORP /DE/ Added +59,796+59.8k
ROYAL BANK OF CANADA Added +26,831+26.8k
LPL Financial LLC Added +13,063+13.1k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +8,497+8.5k
Grove Bank & Trust New +7,368+7.4k
SCHMIDT P J INVESTMENT MANAGEMENT INC New +5,177+5.2k
OSAIC HOLDINGS, INC. Added +4,935+4.9k
RAYMOND JAMES FINANCIAL INC Added +3,360+3.4k
MML INVESTORS SERVICES, LLC Added +1,771+1.8k

Biggest sellers

Red Tortoise LLC Reduced -24,570-24.6k
Advisor Resource Council Sold out -23,318-23.3k
CITADEL ADVISORS LLC Reduced -13,185-13.2k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -11,128-11.1k
UBS Group AG Reduced -10,172-10.2k
TWO SIGMA INVESTMENTS, LP Sold out -8,200-8.2k
Ameritas Advisory Services, LLC Reduced -5,704-5.7k
FLPUTNAM INVESTMENT MANAGEMENT CO Reduced -5,377-5.4k
Tower Research Capital LLC (TRC) Reduced -4,940-4.9k
Thrivent Financial for Lutherans Sold out -3,360-3.4k

Biggest calls

None

Biggest puts

BANK OF AMERICA CORP /DE/ New $51.8k700 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NORTHERN TRUST CORP 0.03% of their portfolio CHICAGO, IL 3,378,8053.4m $250.2m $250.2m 0.03% Added +143.4k +143,363
2 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 164,500164.5k $12.2m $12.2m 0.00% Added +13.1k +13,063
3 RVW Wealth, LLC 0.56% of their portfolio LOS ANGELES, CA 88,32388.3k $6.5m $6.5m 0.56% Added +309 +309
4 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 70,63870.6k $5.2m $5.2m 0.00% Added +59.8k +59,796
5 Sloy Dahl & Holst, LLC 0.70% of their portfolio Vancouver, WA 67,63067.6k $5.0m $5.0m 0.70% Added +1.3k +1,270
6 FLPUTNAM INVESTMENT MANAGEMENT CO 0.08% of their portfolio PORTLAND, ME 63,86363.9k $4.7m $4.7m 0.08% Reduced -5.4k -5,377
7 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 54,70354.7k $4.1m $4.1m 0.00% Added +3.4k +3,360
8 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 51,11051.1k $3.8m $3.8m 0.00% Added +26.8k +26,831
9 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 49,67249.7k $3.7m $3.7m 0.00% Added +8.5k +8,497
10 Texas Capital Bank Wealth Management Services Inc 0.27% of their portfolio Dallas, TX 38,73238.7k $2.9m $2.9m 0.27% Unchanged
11 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 37,35937.4k $2.8m $2.8m 0.01% Added +1.8k +1,771
12 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 30,95231.0k $2.3m $2.3m 0.00% Reduced -1.7k -1,724
13 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 30,00030.0k $2.2m $2.2m 0.00% Unchanged
14 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 29,46729.5k $2.2m $2.2m 0.00% Added +1.3k +1,270
15 FORESIGHT CAPITAL MANAGEMENT ADVISORS, INC. 1.13% of their portfolio SALINE, MI 26,23726.2k $1.9m $1.9m 1.13% Reduced -1.5k -1,515
16 GREENLEAF TRUST 0.02% of their portfolio KALAMAZOO, MI 25,66225.7k $1.9m $1.9m 0.02% Reduced -2.0k -2,004
17 L & S Advisors Inc 0.17% of their portfolio Los Angeles, CA 23,59023.6k $1.7m $1.7m 0.17% Added +1.6k +1,567
18 RIK SAYLOR FINANCIAL, INC. 1.13% of their portfolio FAIRFIELD, OH 19,80719.8k $1.5m $1.5m 1.13% Reduced -531 -531
19 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 17,98318.0k $1.3m $1.3m 0.00% Added +64 +64
20 WT Wealth Management 0.38% of their portfolio SCOTTSDALE, AZ 17,18917.2k $1.3m $1.3m 0.38% Reduced -2.6k -2,607
21 REDW Wealth LLC 0.48% of their portfolio ALBUQUERQUE, NM 16,18716.2k $1.2m $1.2m 0.48% Added +822 +822
22 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 15,81515.8k $1.2m $1.2m 0.00% Reduced -63 -63
23 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 14,83214.8k $1.1m $1.1m 0.00% Added +1.6k +1,603
24 BEAM WEALTH ADVISORS, INC. 0.33% of their portfolio COVINGTON, LA 14,82114.8k $1.1m $1.1m 0.33% Reduced -647 -647
25 SCS Capital Management LLC 0.01% of their portfolio BOSTON, MA 14,79814.8k $1.1m $1.1m 0.01% Unchanged
26 COURIER CAPITAL LLC 0.06% of their portfolio BUFFALO, NY 14,11314.1k $1.0m $1.0m 0.06% Reduced -1.1k -1,144
27 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 13,84513.8k $1.0m $1.0m 0.00% Unchanged
28 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 13,35113.4k $988.5k $988.5k 0.00% Added +4.9k +4,935
29 Pacific Sun Financial Corp 0.51% of their portfolio LOS ANGELES, CA 13,21313.2k $978.4k $978.4k 0.51% Reduced -100 -100
30 J.W. COLE ADVISORS, INC. 0.02% of their portfolio TAMPA, FL 13,14213.1k $973.2k $973.2k 0.02% Added +232 +232
31 Anson Capital, Inc. 0.73% of their portfolio TYRONE, GA 12,22612.2k $905.4k $905.4k 0.73% Added +168 +168
32 Wealthcare Advisory Partners LLC 0.02% of their portfolio WEST CHESTER, PA 11,35911.4k $841.2k $841.2k 0.02% Added +8 +8
33 Kaydan Wealth Management, Inc. 0.27% of their portfolio FENTON, MI 11,31111.3k $837.6k $837.6k 0.27% Reduced -427 -427
34 Herold Advisors, Inc. 0.17% of their portfolio New York, NY 10,83010.8k $802.0k $802.0k 0.17% Added +1 +1
35 UBS Group AG 0.00% of their portfolio ZURICH, V8 10,65510.7k $789.0k $789.0k 0.00% Reduced -10.2k -10,172
36 Clear Point Advisors Inc. 0.63% of their portfolio MELVILLE, NY 10,15310.2k $751.8k $751.8k 0.63% Added +394 +394
37 Cedar Wealth Management, LLC 0.24% of their portfolio LA JOLLA, CA 9,5769.6k $709.1k $709.1k 0.24% Unchanged
38 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 9,2239.2k $683.0k $683.0k 0.00% Reduced -1.4k -1,377
39 Virtu Financial LLC 0.03% of their portfolio New York, NY 9,1449.1k $677.0k $677.0k 0.03% Added +1.4k +1,355
40 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 8,7738.8k $649.6k $649.6k 0.00% Unchanged
41 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 8,2788.3k $613.0k $613.0k 0.00% Added +814 +814
42 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 8,1898.2k $606.4k $606.4k 0.00% Reduced -230 -230
43 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 8,0388.0k $595.0k $595.0k 0.00% Reduced -20 -20
44 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 7,6867.7k $569.1k $569.1k 0.00% Reduced -717 -717
45 Grove Bank & Trust 0.07% of their portfolio Miami, FL 7,3687.4k $545.6k $545.6k 0.07% New
46 MONECO ADVISORS, LLC 0.05% of their portfolio FAIRFIELD, CT 6,9997.0k $518.3k $518.3k 0.05% Unchanged
47 NAPLES GLOBAL ADVISORS, LLC 0.04% of their portfolio NAPLES, FL 5,9045.9k $437.2k $437.2k 0.04% Unchanged
48 KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio AUSTIN, TX 5,7445.7k $425.3k $425.3k 0.01% Reduced -719 -719
49 Ledyard National Bank 0.04% of their portfolio HANOVER, NH 5,7255.7k $423.9k $423.9k 0.04% Unchanged
50 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 5,6735.7k $420.1k $420.1k 0.00% Reduced -13.2k -13,185
51 Ameritas Advisory Services, LLC 0.02% of their portfolio Lincoln, NE 5,4965.5k $407.0k $407.0k 0.02% Reduced -5.7k -5,704
52 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 5,4755.5k $405.4k $405.4k 0.01% Added +1.2k +1,230
53 SCHMIDT P J INVESTMENT MANAGEMENT INC 0.07% of their portfolio CEDARBURG, WI 5,1775.2k $383.3k $383.3k 0.07% New
54 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 5,1065.1k $378.1k $378.1k 0.00% Added +359 +359
55 Cresset Asset Management, LLC 0.00% of their portfolio Chicago, IL 4,9965.0k $370.0k $370.0k 0.00% Unchanged
56 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 4,5934.6k $338.0k $338.0k 0.00% Reduced -843 -843
57 World Investment Advisors 0.01% of their portfolio LINCROFT, NJ 4,4924.5k $332.6k $332.6k 0.01% Added +4 +4
58 White Knight Strategic Wealth Advisors, LLC 0.27% of their portfolio PRINCETON, NJ 4,3514.4k $322.2k $322.2k 0.27% Unchanged
59 Prospera Financial Services Inc 0.01% of their portfolio Dallas, TX 4,0114.0k $297.0k $297.0k 0.01% Unchanged
60 Red Tortoise LLC 0.13% of their portfolio ATLANTA, GA 3,7293.7k $276.2k $276.2k 0.13% Reduced -24.6k -24,570
61 Rossmore Private Capital 0.03% of their portfolio GLASTONBURY, CT 3,6003.6k $266.6k $266.6k 0.03% Unchanged
62 ROBERTS GLORE & CO INC /IL/ 0.08% of their portfolio DEERFIELD, IL 3,5003.5k $259.2k $259.2k 0.08% Unchanged
63 CENTAURUS FINANCIAL, INC. 0.01% of their portfolio ANAHEIM, CA 3,4293.4k $254.0k $254.0k 0.01% Unchanged
64 ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ 0.01% of their portfolio SALT LAKE CITY, UT 3,4093.4k $252.4k $252.4k 0.01% Unchanged
65 Concurrent Investment Advisors, LLC 0.00% of their portfolio Tampa, FL 3,4073.4k $252.3k $252.3k 0.00% Added +16 +16
66 FMR LLC 0.00% of their portfolio BOSTON, MA 3,3973.4k $251.5k $251.5k 0.00% Added +30 +30
67 Arrowroot Family Office, LLC 0.11% of their portfolio MARINA DEL REY, CA 3,3973.4k $251.6k $251.6k 0.11% First filing
68 Investors Research Corp 0.04% of their portfolio ATLANTA, GA 3,0763.1k $227.8k $227.8k 0.04% Added +109 +109
69 Stark Wealth Management LLC 0.31% of their portfolio Bethlehem, PA 2,9703.0k $219.9k $219.9k 0.31% Unchanged
70 Global Retirement Partners, LLC 0.01% of their portfolio San Rafael, CA 2,9302.9k $217.0k $217.0k 0.01% First filing
71 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,9132.9k $215.7k $215.7k 0.00% Added +125 +125
72 HARBOUR INVESTMENTS, INC. 0.01% of their portfolio MADISON, WI 2,8542.9k $211.3k $211.3k 0.01% Reduced -211 -211
73 NorthRock Partners, LLC 0.01% of their portfolio MINNEAPOLIS, MN 2,7792.8k $205.8k $205.8k 0.01% Unchanged
74 GPS Wealth Strategies Group, LLC 0.02% of their portfolio CENTENNIAL, CO 2,3202.3k $171.8k $171.8k 0.02% Unchanged
75 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 1,8001.8k $133.3k $133.3k 0.00% Reduced -2.5k -2,470
76 Cherry Tree Wealth Management, LLC 0.02% of their portfolio MINNETONKA, MN 1,1161.1k $82.6k $82.6k 0.02% Unchanged
77 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 826826 $61.2k $61.2k 0.00% Added +50 +50
78 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 735735 $54.4k $54.4k 0.00% Unchanged
79 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 695695 $51.5k $51.5k 0.00% Reduced -4.9k -4,940
80 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 650650 $48.1k $48.1k 0.00% Reduced -350 -350
81 CALDWELL SUTTER CAPITAL, INC. 0.02% of their portfolio SAUSALITO, CA 605605 $44.8k $44.8k 0.02% Unchanged
82 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 561561 $41.5k $41.5k 0.00% Reduced -411 -411
83 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 527527 $39.0k $39.0k 0.00% Unchanged
84 Wilmington Savings Fund Society, FSB 0.00% of their portfolio WILMINGTON, DE 329329 $24.4k $24.4k 0.00% Unchanged
85 Pinnacle Bancorp, Inc. 0.00% of their portfolio BEATRICE, NE 105105 $7.8k $7.8k 0.00% New
86 DHJJ Financial Advisors, Ltd. 0.00% of their portfolio NAPERVILLE, IL 44 $297 $297 0.00% Unchanged
87 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 00 $4 $4 0.00% Reduced -1 -1
88 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged