Vault-13

FLEXSHARES TR QDEF

QLT DIV DEF IDX · ETP · CUSIP 33939L845

96 institutional holders +0 vs Q3 2025
4,810,5674.8m shares reported held*
$389.5mreported value*
5 new 35 added 27 reduced 7 sold out net bought ≈ $4.7m (+57.7k 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 ($143.1k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $80.96.

Trends to Q4 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: 88Q3 25: 96Q4 25: 9696Q3 22Q2 23Q1 24Q4 24Q4 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
Q3 202596
Q4 202596

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q1 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 25Q3 25: 41 bought or addedQ3 25: 27 cut or sold outQ4 25: 40 bought or addedQ4 25: 34 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20243427
Q2 20241940
Q3 20243526
Q4 20243032
Q1 20253736
Q2 20253332
Q3 20254127
Q4 20254034

Calls vs puts

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

CallsPuts
$0$20k$40k$60kQ1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $0Q2 25 puts: $51.8kQ2 25P/C —Q3 25 calls: $0Q3 25 puts: $56.0kQ3 25P/C —Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —
Numbers
QuarterCallsPutsP/C
Q1 2025$0$0—
Q2 2025$0$51.8k—
Q3 2025$0$56.0k—
Q4 2025$0$0—

Biggest buyers

AMERIPRISE FINANCIAL INC Added +37,464+37.5k
RAYMOND JAMES FINANCIAL INC Added +16,144+16.1k
NORTHERN TRUST CORP Added +13,741+13.7k
BANK OF AMERICA CORP /DE/ Added +13,146+13.1k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +11,811+11.8k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +11,341+11.3k
LPL Financial LLC Added +7,349+7.3k
FMR LLC Added +7,231+7.2k
Cambridge Investment Research Advisors, Inc. Added +6,514+6.5k
Kestra Advisory Services, LLC Added +5,625+5.6k

Biggest sellers

Virtu Financial LLC Sold out -20,780-20.8k
JPMORGAN CHASE & CO Reduced -17,173-17.2k
Cetera Investment Advisers Reduced -10,641-10.6k
CITADEL ADVISORS LLC Sold out -10,052-10.1k
FLPUTNAM INVESTMENT MANAGEMENT CO Reduced -8,223-8.2k
OSAIC HOLDINGS, INC. Reduced -6,911-6.9k
Tower Research Capital LLC (TRC) Sold out -5,735-5.7k
Arrowroot Family Office, LLC Sold out -3,360-3.4k
JANE STREET GROUP, LLC Sold out -2,709-2.7k
FORESIGHT CAPITAL MANAGEMENT ADVISORS, INC. Reduced -2,549-2.5k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NORTHERN TRUST CORP 0.03% of their portfolio CHICAGO, IL 3,360,9943.4m $272.1m $272.1m 0.03% Added +13.7k +13,741
2 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 175,605175.6k $14.2m $14.2m 0.00% Added +7.3k +7,349
3 RVW Wealth, LLC 0.55% of their portfolio LOS ANGELES, CA 88,31388.3k $7.1m $7.1m 0.55% Added +6 +6
4 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 83,38683.4k $6.8m $6.8m 0.00% Added +13.1k +13,146
5 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 70,88670.9k $5.7m $5.7m 0.00% Added +16.1k +16,144
6 Sloy Dahl & Holst, LLC 0.69% of their portfolio Vancouver, WA 70,62770.6k $5.7m $5.7m 0.69% Added +2.0k +2,003
7 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 69,60369.6k $5.6m $5.6m 0.00% Reduced -575 -575
8 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 67,01067.0k $5.4m $5.4m 0.00% Added +11.3k +11,341
9 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 46,08046.1k $3.7m $3.7m 0.00% Added +37.5k +37,464
10 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 40,51140.5k $3.3m $3.3m 0.01% Added +1.1k +1,086
11 Texas Capital Bank Wealth Management Services Inc 0.17% of their portfolio Dallas, TX 35,44635.4k $2.9m $2.9m 0.17% Reduced -2.5k -2,459
12 FLPUTNAM INVESTMENT MANAGEMENT CO 0.04% of their portfolio PORTLAND, ME 31,34431.3k $2.5m $2.5m 0.04% Reduced -8.2k -8,223
13 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 30,00030.0k $2.4m $2.4m 0.00% Unchanged
14 L & S Advisors Inc 0.18% of their portfolio Los Angeles, CA 24,47324.5k $2.0m $2.0m 0.18% Reduced -365 -365
15 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 23,31423.3k $1.9m $1.9m 0.00% Reduced -793 -793
16 FORESIGHT CAPITAL MANAGEMENT ADVISORS, INC. 1.02% of their portfolio SALINE, MI 23,27823.3k $1.9m $1.9m 1.02% Reduced -2.5k -2,549
17 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 21,23021.2k $1.7m $1.7m 0.00% Added +1.4k +1,359
18 WT Wealth Management 0.47% of their portfolio SCOTTSDALE, AZ 20,23620.2k $1.6m $1.6m 0.47% Added +1.6k +1,636
19 RIK SAYLOR FINANCIAL, INC. 1.14% of their portfolio FAIRFIELD, OH 19,25019.2k $1.6m $1.6m 1.14% Reduced -102 -102
20 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 18,95018.9k $1.5m $1.5m 0.00% Reduced -10.6k -10,641
21 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 18,39518.4k $1.5m $1.5m 0.00% Added +356 +356
22 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 17,76917.8k $1.4m $1.4m 0.00% Added +11.8k +11,811
23 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 16,81116.8k $1.4m $1.4m 0.00% Reduced -17.2k -17,173
24 Anson Capital, Inc. 0.99% of their portfolio TYRONE, GA 16,79016.8k $1.4m $1.4m 0.99% Added +4.8k +4,814
25 REDW Wealth LLC 0.49% of their portfolio ALBUQUERQUE, NM 15,98216.0k $1.3m $1.3m 0.49% Reduced -1.2k -1,175
26 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 15,55815.6k $1.3m $1.3m 0.00% Added +6.5k +6,514
27 GREENLEAF TRUST 0.01% of their portfolio KALAMAZOO, MI 15,28415.3k $1.2m $1.2m 0.01% Unchanged
28 SCS Capital Management LLC 0.01% of their portfolio BOSTON, MA 14,79814.8k $1.2m $1.2m 0.01% Unchanged
29 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 13,42213.4k $1.1m $1.1m 0.00% Reduced -423 -423
30 COURIER CAPITAL LLC 0.06% of their portfolio BUFFALO, NY 13,41113.4k $1.1m $1.1m 0.06% Reduced -386 -386
31 Clear Point Advisors Inc. 0.83% of their portfolio MELVILLE, NY 13,28513.3k $1.1m $1.1m 0.83% Added +2.1k +2,080
32 J.W. COLE ADVISORS, INC. 0.02% of their portfolio TAMPA, FL 12,82112.8k $1.0m $1.0m 0.02% Reduced -7 -7
33 Pacific Sun Financial Corp 0.49% of their portfolio LOS ANGELES, CA 12,52312.5k $1.0m $1.0m 0.49% Reduced -660 -660
34 BEAM WEALTH ADVISORS, INC. 0.26% of their portfolio COVINGTON, LA 11,51211.5k $932.0k $932.0k 0.26% Reduced -345 -345
35 Kaydan Wealth Management, Inc. 0.27% of their portfolio FENTON, MI 11,48011.5k $929.4k $929.4k 0.27% Added +104 +104
36 Wealthcare Advisory Partners LLC 0.02% of their portfolio WEST CHESTER, PA 11,37811.4k $921.2k $921.2k 0.02% Added +11 +11
37 Smartleaf Asset Management LLC 0.03% of their portfolio BOSTON, MA 10,92310.9k $890.6k $890.6k 0.03% Unchanged
38 FMR LLC 0.00% of their portfolio BOSTON, MA 10,65310.7k $862.5k $862.5k 0.00% Added +7.2k +7,231
39 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 10,62210.6k $859.9k $859.9k 0.00% Added +5.6k +5,625
40 SIMON QUICK ADVISORS, LLC 0.03% of their portfolio MORRISTOWN, NJ 9,8719.9k $799.2k $799.2k 0.03% Unchanged
41 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 9,7249.7k $787.3k $787.3k 0.00% Added +477 +477
42 Cedar Wealth Management, LLC 0.23% of their portfolio LA JOLLA, CA 9,5769.6k $775.3k $775.3k 0.23% Unchanged
43 Herold Advisors, Inc. 0.17% of their portfolio New York, NY 9,3749.4k $758.9k $758.9k 0.17% Reduced -504 -504
44 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 9,2359.2k $747.7k $747.7k 0.01% Added +260 +260
45 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 8,7738.8k $710.3k $710.3k 0.00% Unchanged
46 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 8,2808.3k $670.3k $670.3k 0.00% Reduced -358 -358
47 UBS Group AG 0.00% of their portfolio ZURICH, V8 8,0688.1k $653.2k $653.2k 0.00% Added +1.1k +1,063
48 CAMBIENT FAMILY OFFICE, LLC 0.09% of their portfolio ADA, MI 7,9357.9k $642.4k $642.4k 0.09% First filing
49 Grove Bank & Trust 0.07% of their portfolio Miami, FL 7,3687.4k $596.5k $596.5k 0.07% Unchanged
50 MONECO ADVISORS, LLC 0.04% of their portfolio FAIRFIELD, CT 6,9997.0k $566.6k $566.6k 0.04% Unchanged
51 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 6,3316.3k $512.6k $512.6k 0.00% Reduced -375 -375
52 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 6,3076.3k $510.6k $510.6k 0.01% Added +1.0k +1,032
53 Ameritas Advisory Services, LLC 0.02% of their portfolio Lincoln, NE 5,9125.9k $478.6k $478.6k 0.02% Reduced -2.3k -2,313
54 NAPLES GLOBAL ADVISORS, LLC 0.04% of their portfolio NAPLES, FL 5,9045.9k $478.0k $478.0k 0.04% Unchanged
55 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 5,7785.8k $467.8k $467.8k 0.00% Added +1.0k +1,035
56 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 5,5635.6k $450.4k $450.4k 0.00% Reduced -6.9k -6,911
57 Ledyard National Bank 0.04% of their portfolio HANOVER, NH 5,5455.5k $448.9k $448.9k 0.04% Reduced -83 -83
58 KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio AUSTIN, TX 5,3605.4k $433.9k $433.9k 0.01% Reduced -385 -385
59 Cresset Asset Management, LLC 0.00% of their portfolio Chicago, IL 4,9965.0k $404.5k $404.5k 0.00% Unchanged
60 SCHMIDT P J INVESTMENT MANAGEMENT INC 0.06% of their portfolio CEDARBURG, WI 4,6234.6k $374.3k $374.3k 0.06% Reduced -508 -508
61 White Knight Strategic Wealth Advisors, LLC 0.26% of their portfolio PRINCETON, NJ 4,3514.4k $352.3k $352.3k 0.26% Unchanged
62 Rossmore Private Capital 0.03% of their portfolio GLASTONBURY, CT 4,1004.1k $331.9k $331.9k 0.03% Added +500 +500
63 Prospera Financial Services Inc 0.01% of their portfolio Dallas, TX 4,0114.0k $324.7k $324.7k 0.01% Unchanged
64 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 3,9213.9k $317.4k $317.4k 0.00% Added +1.3k +1,336
65 World Investment Advisors 0.01% of their portfolio LINCROFT, NJ 3,8923.9k $315.1k $315.1k 0.01% Reduced -100 -100
66 Red Tortoise LLC 0.13% of their portfolio ATLANTA, GA 3,7693.8k $305.1k $305.1k 0.13% Added +25 +25
67 ROBERTS GLORE & CO INC /IL/ 0.08% of their portfolio DEERFIELD, IL 3,5003.5k $283.4k $283.4k 0.08% Unchanged
68 Concurrent Investment Advisors, LLC 0.00% of their portfolio Tampa, FL 3,4433.4k $278.8k $278.8k 0.00% Added +22 +22
69 CENTAURUS FINANCIAL, INC. 0.01% of their portfolio ANAHEIM, CA 3,4293.4k $278.0k $278.0k 0.01% Unchanged
70 ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ 0.01% of their portfolio SALT LAKE CITY, UT 3,4093.4k $276.0k $276.0k 0.01% Unchanged
71 Investors Research Corp 0.05% of their portfolio ATLANTA, GA 3,1623.2k $256.0k $256.0k 0.05% Reduced -3 -3
72 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 3,0963.1k $250.7k $250.7k 0.00% Added +3.0k +3,046
73 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 3,0453.0k $246.5k $246.5k 0.00% Added +103 +103
74 Perigon Wealth Management, LLC 0.00% of their portfolio SAN FRANCISCO, CA 2,9833.0k $241.5k $241.5k 0.00% New
75 Stark Wealth Management LLC 0.90% of their portfolio Bethlehem, PA 2,9703.0k $240.5k $240.5k 0.90% Unchanged
76 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 2,8892.9k $233.9k $233.9k 0.00% Added +35 +35
77 NorthRock Partners, LLC 0.00% of their portfolio MINNEAPOLIS, MN 2,7792.8k $225.0k $225.0k 0.00% Unchanged
78 WEST BANCORPORATION INC 0.11% of their portfolio WEST DES MOINES, IA 2,6642.7k $215.7k $215.7k 0.11% Unchanged
79 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,6492.6k $214.5k $214.5k 0.00% Reduced -264 -264
80 NORTHSTAR ASSET MANAGEMENT Co 0.04% of their portfolio BLUE BELL, PA 2,5002.5k $202.4k $202.4k 0.04% New
81 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 1,7671.8k $143.1k $143.1k 0.00% New
82 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 1,7501.8k $141.7k $141.7k 0.00% Unchanged
83 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 1,0491.0k $84.9k $84.9k 0.00% Added +488 +488
84 BOKF, NA 0.00% of their portfolio TULSA, OK 1,0001.0k $81.0k $81.0k 0.00% Unchanged
85 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 826826 $66.9k $66.9k 0.00% Unchanged
86 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 650650 $52.6k $52.6k 0.00% Unchanged
87 CALDWELL SUTTER CAPITAL, INC. 0.02% of their portfolio SAUSALITO, CA 605605 $49.0k $49.0k 0.02% Unchanged
88 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 527527 $42.7k $42.7k 0.00% Unchanged
89 Security National Bank 0.01% of their portfolio OMAHA, NE 500500 $40.5k $40.5k 0.01% New
90 Laurel Wealth Advisors LLC 0.01% of their portfolio CHARLOTTE, NC 477477 $38.6k $38.6k 0.01% New
91 Wilmington Savings Fund Society, FSB 0.00% of their portfolio WILMINGTON, DE 329329 $26.6k $26.6k 0.00% Unchanged
92 Walsh & Associates, LLC 0.03% of their portfolio SARASOTA, FL 328328 $26.6k $26.6k 0.03% First filing
93 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 322322 $26.0k $26.0k 0.00% Added +321 +321
94 Pinnacle Bancorp, Inc. 0.00% of their portfolio BEATRICE, NE 106106 $8.6k $8.6k 0.00% Added +1 +1
95 Cherry Tree Wealth Management, LLC 0.00% of their portfolio MINNETONKA, MN 5757 $4.6k $4.6k 0.00% Reduced -1.1k -1,059
96 DHJJ Financial Advisors, Ltd. 0.00% of their portfolio NAPERVILLE, IL 44 $324 $324 0.00% Unchanged