Vault-13

FLEXSHARES TR QDEF

QLT DIV DEF IDX · ETP · CUSIP 33939L845

90 institutional holders -6 vs Q4 2025
4,810,1264.8m shares reported held*
$383.9mreported value*
3 new 34 added 27 reduced 8 sold out net bought ≈ $466.9k (+5.8k 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 ($163.2k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $79.81.

Trends to Q1 2026

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: 96Q1 26: 9090Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q1 202690

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q2 24: 19 bought or addedQ2 24: 40 cut or sold outQ3 24: 35 bought or addedQ3 24: 26 cut or sold outQ3 24Q4 24: 30 bought or addedQ4 24: 32 cut or sold outQ1 25: 37 bought or addedQ1 25: 36 cut or sold outQ1 25Q2 25: 33 bought or addedQ2 25: 32 cut or sold outQ3 25: 41 bought or addedQ3 25: 27 cut or sold outQ3 25Q4 25: 40 bought or addedQ4 25: 34 cut or sold outQ1 26: 37 bought or addedQ1 26: 35 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20241940
Q3 20243526
Q4 20243032
Q1 20253736
Q2 20253332
Q3 20254127
Q4 20254034
Q1 20263735

Calls vs puts

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

CallsPuts
$0$20k$40k$60kQ2 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 —Q1 26 calls: $0Q1 26 puts: $0Q1 26P/C —
Numbers
QuarterCallsPutsP/C
Q2 2025$0$51.8k—
Q3 2025$0$56.0k—
Q4 2025$0$0—
Q1 2026$0$0—

Biggest buyers

NORTHERN TRUST CORP Added +54,713+54.7k
RAYMOND JAMES FINANCIAL INC Added +20,067+20.1k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +15,072+15.1k
CITIGROUP INC Added +11,061+11.1k
BANK OF AMERICA CORP /DE/ Added +8,023+8.0k
LPL Financial LLC Added +5,238+5.2k
Cambridge Investment Research Advisors, Inc. Added +4,307+4.3k
SUMMIT WEALTH GROUP LLC / CO New +4,067+4.1k
CAMBIENT FAMILY OFFICE, LLC Added +3,677+3.7k
JONES FINANCIAL COMPANIES LLLP Added +3,280+3.3k

Biggest sellers

FORESIGHT CAPITAL MANAGEMENT ADVISORS, INC. Sold out -23,278-23.3k
AMERIPRISE FINANCIAL INC Reduced -22,528-22.5k
MML INVESTORS SERVICES, LLC Reduced -21,255-21.3k
Clear Point Advisors Inc. Sold out -13,285-13.3k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -11,843-11.8k
Smartleaf Asset Management LLC Sold out -10,923-10.9k
RVW Wealth, LLC Reduced -7,651-7.7k
FLPUTNAM INVESTMENT MANAGEMENT CO Reduced -6,150-6.2k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -4,985-5.0k
SCHMIDT P J INVESTMENT MANAGEMENT INC Sold out -4,623-4.6k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NORTHERN TRUST CORP 0.04% of their portfolio CHICAGO, IL 3,415,7073.4m $272.6m $272.6m 0.04% Added +54.7k +54,713
2 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 180,843180.8k $14.4m $14.4m 0.00% Added +5.2k +5,238
3 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 91,40991.4k $7.3m $7.3m 0.00% Added +8.0k +8,023
4 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 90,95391.0k $7.3m $7.3m 0.00% Added +20.1k +20,067
5 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 82,08282.1k $6.6m $6.6m 0.00% Added +15.1k +15,072
6 RVW Wealth, LLC 0.50% of their portfolio LOS ANGELES, CA 80,66280.7k $6.4m $6.4m 0.50% Reduced -7.7k -7,651
7 Sloy Dahl & Holst, LLC 0.79% of their portfolio Vancouver, WA 72,17872.2k $5.8m $5.8m 0.79% Added +1.6k +1,551
8 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 68,95369.0k $5.5m $5.5m 0.00% Reduced -650 -650
9 Texas Capital Bank Wealth Management Services Inc 0.16% of their portfolio Dallas, TX 34,06134.1k $2.7m $2.7m 0.16% Reduced -1.4k -1,385
10 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 30,00030.0k $2.4m $2.4m 0.00% Unchanged
11 FLPUTNAM INVESTMENT MANAGEMENT CO 0.03% of their portfolio PORTLAND, ME 25,19425.2k $2.0m $2.0m 0.03% Reduced -6.2k -6,150
12 L & S Advisors Inc 0.25% of their portfolio Los Angeles, CA 24,51324.5k $2.0m $2.0m 0.25% Added +40 +40
13 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 23,66323.7k $1.9m $1.9m 0.00% Added +349 +349
14 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 23,55223.6k $1.9m $1.9m 0.00% Reduced -22.5k -22,528
15 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 19,86519.9k $1.6m $1.6m 0.00% Added +4.3k +4,307
16 WT Wealth Management 0.47% of their portfolio SCOTTSDALE, AZ 19,73419.7k $1.6m $1.6m 0.47% Reduced -502 -502
17 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 19,25619.3k $1.5m $1.5m 0.00% Reduced -21.3k -21,255
18 RIK SAYLOR FINANCIAL, INC. 1.16% of their portfolio FAIRFIELD, OH 19,19919.2k $1.5m $1.5m 1.16% Reduced -51 -51
19 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 19,11819.1k $1.5m $1.5m 0.00% Added +168 +168
20 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 18,16718.2k $1.5m $1.5m 0.00% Reduced -228 -228
21 Anson Capital, Inc. 0.99% of their portfolio TYRONE, GA 18,04718.0k $1.4m $1.4m 0.99% Added +1.3k +1,257
22 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 16,81916.8k $1.3m $1.3m 0.00% Added +8 +8
23 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 16,24516.2k $1.3m $1.3m 0.00% Reduced -5.0k -4,985
24 SCS Capital Management LLC 0.01% of their portfolio BOSTON, MA 16,06616.1k $1.3m $1.3m 0.01% Added +1.3k +1,268
25 REDW Wealth LLC 0.51% of their portfolio ALBUQUERQUE, NM 16,01816.0k $1.3m $1.3m 0.51% Added +36 +36
26 GREENLEAF TRUST 0.01% of their portfolio KALAMAZOO, MI 15,28415.3k $1.2m $1.2m 0.01% Unchanged
27 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 13,71013.7k $1.1m $1.1m 0.00% Added +11.1k +11,061
28 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 13,66913.7k $1.1m $1.1m 0.00% Added +3.0k +3,047
29 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 13,49613.5k $1.1m $1.1m 0.00% Added +74 +74
30 COURIER CAPITAL LLC 0.06% of their portfolio BUFFALO, NY 13,07113.1k $1.0m $1.0m 0.06% Reduced -340 -340
31 Pacific Sun Financial Corp 0.49% of their portfolio LOS ANGELES, CA 12,63312.6k $1.0m $1.0m 0.49% Added +110 +110
32 J.W. COLE ADVISORS, INC. 0.03% of their portfolio TAMPA, FL 12,27412.3k $979.7k $979.7k 0.03% Reduced -547 -547
33 CAMBIENT FAMILY OFFICE, LLC 0.13% of their portfolio ADA, MI 11,61211.6k $926.9k $926.9k 0.13% Added +3.7k +3,677
34 BEAM WEALTH ADVISORS, INC. 0.23% of their portfolio COVINGTON, LA 11,60311.6k $926.2k $926.2k 0.23% Added +91 +91
35 Kaydan Wealth Management, Inc. 0.31% of their portfolio FENTON, MI 11,52811.5k $920.2k $920.2k 0.31% Added +48 +48
36 Wealthcare Advisory Partners LLC 0.02% of their portfolio WEST CHESTER, PA 11,33411.3k $904.7k $904.7k 0.02% Reduced -44 -44
37 SIMON QUICK ADVISORS, LLC 0.04% of their portfolio MORRISTOWN, NJ 9,8719.9k $787.9k $787.9k 0.04% Unchanged
38 FMR LLC 0.00% of their portfolio BOSTON, MA 9,6639.7k $771.3k $771.3k 0.00% Reduced -990 -990
39 Cedar Wealth Management, LLC 0.22% of their portfolio LA JOLLA, CA 9,5769.6k $764.4k $764.4k 0.22% Unchanged
40 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 9,0589.1k $708.6k $708.6k 0.00% Added +3.3k +3,280
41 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 8,7738.8k $700.3k $700.3k 0.00% Unchanged
42 Equitable Holdings, Inc. 0.00% of their portfolio NEW YORK, NY 8,7558.8k $707.1k $707.1k 0.00% Reduced -480 -480
43 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 8,3368.3k $665.4k $665.4k 0.00% Reduced -1.4k -1,388
44 UBS Group AG 0.00% of their portfolio ZURICH, V8 8,0058.0k $639.0k $639.0k 0.00% Reduced -63 -63
45 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 7,7117.7k $615.5k $615.5k 0.00% Reduced -569 -569
46 Herold Advisors, Inc. 0.13% of their portfolio New York, NY 7,3747.4k $588.6k $588.6k 0.13% Reduced -2.0k -2,000
47 Grove Bank & Trust 0.07% of their portfolio Miami, FL 7,3687.4k $588.1k $588.1k 0.07% Unchanged
48 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 7,3197.3k $584.2k $584.2k 0.00% Added +988 +988
49 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 7,0137.0k $559.8k $559.8k 0.01% Added +706 +706
50 MONECO ADVISORS, LLC 0.04% of their portfolio FAIRFIELD, CT 6,9997.0k $558.7k $558.7k 0.04% Unchanged
51 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 5,9265.9k $473.0k $473.0k 0.00% Reduced -11.8k -11,843
52 Ameritas Advisory Services, LLC 0.02% of their portfolio Lincoln, NE 5,9175.9k $472.3k $472.3k 0.02% Added +5 +5
53 NAPLES GLOBAL ADVISORS, LLC 0.03% of their portfolio NAPLES, FL 5,9045.9k $471.3k $471.3k 0.03% Unchanged
54 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 5,7505.8k $458.9k $458.9k 0.00% Added +187 +187
55 Ledyard National Bank 0.04% of their portfolio HANOVER, NH 5,5035.5k $439.2k $439.2k 0.04% Reduced -42 -42
56 KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio AUSTIN, TX 5,2645.3k $420.2k $420.2k 0.01% Reduced -96 -96
57 Perigon Wealth Management, LLC 0.01% of their portfolio SAN FRANCISCO, CA 5,1245.1k $409.0k $409.0k 0.01% Added +2.1k +2,141
58 Cresset Asset Management, LLC 0.00% of their portfolio Chicago, IL 4,9965.0k $398.8k $398.8k 0.00% Unchanged
59 White Knight Strategic Wealth Advisors, LLC 0.29% of their portfolio PRINCETON, NJ 4,2384.2k $338.3k $338.3k 0.29% Reduced -113 -113
60 SUMMIT WEALTH GROUP LLC / CO 0.03% of their portfolio COLORADO SPRINGS, CO 4,0674.1k $324.6k $324.6k 0.03% New
61 Prospera Financial Services Inc 0.01% of their portfolio Dallas, TX 4,0114.0k $320.2k $320.2k 0.01% Unchanged
62 Rossmore Private Capital 0.03% of their portfolio GLASTONBURY, CT 4,0004.0k $319.3k $319.3k 0.03% Reduced -100 -100
63 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 3,9213.9k $313.0k $313.0k 0.00% Unchanged
64 World Investment Advisors 0.01% of their portfolio LINCROFT, NJ 3,8923.9k $310.7k $310.7k 0.01% Unchanged
65 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 3,8403.8k $306.5k $306.5k 0.00% Added +951 +951
66 Red Tortoise LLC 0.13% of their portfolio ATLANTA, GA 3,7793.8k $301.6k $301.6k 0.13% Added +10 +10
67 NorthRock Partners, LLC 0.00% of their portfolio MINNEAPOLIS, MN 3,6603.7k $292.1k $292.1k 0.00% Added +881 +881
68 ROBERTS GLORE & CO INC /IL/ 0.08% of their portfolio DEERFIELD, IL 3,5003.5k $279.4k $279.4k 0.08% Unchanged
69 Concurrent Investment Advisors, LLC 0.00% of their portfolio Tampa, FL 3,4523.5k $275.5k $275.5k 0.00% Added +9 +9
70 CENTAURUS FINANCIAL, INC. 0.01% of their portfolio ANAHEIM, CA 3,4293.4k $274.0k $274.0k 0.01% Unchanged
71 ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ 0.02% of their portfolio SALT LAKE CITY, UT 3,4093.4k $272.1k $272.1k 0.02% Unchanged
72 Investors Research Corp 0.05% of their portfolio ATLANTA, GA 3,2293.2k $257.7k $257.7k 0.05% Added +67 +67
73 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 3,0893.1k $247.5k $247.5k 0.00% Reduced -7 -7
74 WEST BANCORPORATION INC 0.11% of their portfolio WEST DES MOINES, IA 2,6642.7k $212.6k $212.6k 0.11% Unchanged
75 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 2,0602.1k $164.4k $164.4k 0.00% New
76 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 2,0442.0k $163.2k $163.2k 0.00% Added +277 +277
77 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 1,7001.7k $135.7k $135.7k 0.00% Reduced -50 -50
78 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 1,0491.0k $83.7k $83.7k 0.00% Unchanged
79 BOKF, NA 0.00% of their portfolio TULSA, OK 1,0001.0k $79.8k $79.8k 0.00% Unchanged
80 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 826826 $65.9k $65.9k 0.00% Unchanged
81 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 650650 $51.9k $51.9k 0.00% Unchanged
82 CALDWELL SUTTER CAPITAL, INC. 0.02% of their portfolio SAUSALITO, CA 605605 $48.3k $48.3k 0.02% Unchanged
83 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 527527 $42.1k $42.1k 0.00% Unchanged
84 Wilmington Savings Fund Society, FSB 0.00% of their portfolio WILMINGTON, DE 329329 $26.3k $26.3k 0.00% Unchanged
85 Walsh & Associates, LLC 0.03% of their portfolio SARASOTA, FL 328328 $26.2k $26.2k 0.03% Unchanged
86 Pinnacle Bancorp, Inc. 0.00% of their portfolio BEATRICE, NE 109109 $8.7k $8.7k 0.00% Added +3 +3
87 FINANCIAL CONSULATE, INC 0.00% of their portfolio HUNT VALLEY, MD 3434 $2.7k $2.7k 0.00% New
88 DHJJ Financial Advisors, Ltd. 0.00% of their portfolio NAPERVILLE, IL 44 $320 $320 0.00% Unchanged
89 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 11 $73 $73 0.00% Reduced -321 -321
90 VANGUARD ADVISERS INC 0.00% of their portfolio Malvern, PA 11 $80 $80 0.00% First filing