Vault-13

FLEXSHARES TR QDF

QUALT DIVD IDX · ETP · CUSIP 33939L860

150 institutional holders -4 vs Q1 2025
20,931,99220.9m shares reported held*
$1.5bnreported value*
11 new 23 added 54 reduced 15 sold out net sold ≈ $8.9m (-124.2k 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 ≈ $73.15.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 115Q4 22: 122Q1 23: 119Q2 23: 123Q3 23: 131Q4 23: 147Q1 24: 150Q2 24: 150Q3 24: 153Q4 24: 148Q1 25: 154Q2 25: 150150Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022115
Q4 2022122
Q1 2023119
Q2 2023123
Q3 2023131
Q4 2023147
Q1 2024150
Q2 2024150
Q3 2024153
Q4 2024148
Q1 2025154
Q2 2025150

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 52 bought or addedQ3 23: 49 cut or sold outQ4 23: 60 bought or addedQ4 23: 45 cut or sold outQ4 23Q1 24: 56 bought or addedQ1 24: 51 cut or sold outQ2 24: 42 bought or addedQ2 24: 56 cut or sold outQ2 24Q3 24: 50 bought or addedQ3 24: 46 cut or sold outQ4 24: 47 bought or addedQ4 24: 51 cut or sold outQ4 24Q1 25: 52 bought or addedQ1 25: 63 cut or sold outQ2 25: 34 bought or addedQ2 25: 69 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20235249
Q4 20236045
Q1 20245651
Q2 20244256
Q3 20245046
Q4 20244751
Q1 20255263
Q2 20253469

Biggest buyers

TIAA TRUST, NATIONAL ASSOCIATION Added +190,689+190.7k
ROYAL BANK OF CANADA Added +38,270+38.3k
OSAIC HOLDINGS, INC. Added +36,509+36.5k
NorthCoast Asset Management LLC New +34,156+34.2k
Bank of New York Mellon Corp Added +19,826+19.8k
VeraBank, N.A. Added +19,455+19.5k
ENVESTNET ASSET MANAGEMENT INC Added +10,291+10.3k
CFS Investment Advisory Services, LLC Added +9,216+9.2k
MORGAN STANLEY Added +7,918+7.9k
KEYBANK NATIONAL ASSOCIATION/OH Added +4,579+4.6k

Biggest sellers

NORTHERN TRUST CORP Reduced -220,455-220.5k
BANK OF AMERICA CORP /DE/ Reduced -42,865-42.9k
GOLDMAN SACHS GROUP INC Reduced -38,910-38.9k
John W. Brooker & Co., CPAs Sold out -19,121-19.1k
GWN SECURITIES INC. Sold out -18,233-18.2k
Red Tortoise LLC Reduced -17,609-17.6k
MML INVESTORS SERVICES, LLC Reduced -12,095-12.1k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -11,129-11.1k
JANE STREET GROUP, LLC Sold out -9,789-9.8k
TWO SIGMA INVESTMENTS, LP Sold out -9,200-9.2k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NORTHERN TRUST CORP 0.12% of their portfolio CHICAGO, IL 11,598,17511.6m $848.8m $848.8m 0.12% Reduced -220.5k -220,455
2 TIAA TRUST, NATIONAL ASSOCIATION 0.77% of their portfolio CHARLOTTE, NC 4,048,0524.0m $295.3m $295.3m 0.77% Added +190.7k +190,689
3 KEYBANK NATIONAL ASSOCIATION/OH 0.15% of their portfolio BROOKLYN, OH 559,223559.2k $40.9m $40.9m 0.15% Added +4.6k +4,579
4 VeraBank, N.A. 6.65% of their portfolio HENDERSON, TX 452,906452.9k $33.1m $33.1m 6.65% Added +19.5k +19,455
5 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 364,554364.6k $26.7m $26.7m 0.01% Reduced -720 -720
6 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 280,057280.1k $20.5m $20.5m 0.01% Added +10.3k +10,291
7 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 270,577270.6k $19.8m $19.8m 0.00% Added +19.8k +19,826
8 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 260,853260.9k $19.1m $19.1m 0.00% Reduced -42.9k -42,865
9 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 247,950247.9k $18.1m $18.1m 0.00% Added +7.9k +7,918
10 UBS Group AG 0.00% of their portfolio ZURICH, V8 221,495221.5k $16.2m $16.2m 0.00% Reduced -3.0k -3,027
11 Baird Financial Group, Inc. 0.02% of their portfolio MILWAUKEE, WI 173,730173.7k $12.7m $12.7m 0.02% Reduced -1.2k -1,209
12 Ledyard National Bank 1.15% of their portfolio HANOVER, NH 166,329166.3k $12.2m $12.2m 1.15% Added +4.5k +4,500
13 Wealthspire Advisors, LLC 0.06% of their portfolio NEW YORK, NY 147,905147.9k $10.8m $10.8m 0.06% Reduced -44 -44
14 BRIDGES INVESTMENT MANAGEMENT INC 0.12% of their portfolio OMAHA, NE 124,121124.1k $9.1m $9.1m 0.12% Reduced -93 -93
15 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio PLYMOUTH, MN 123,936123.9k $9.2m $9.2m 0.02% Reduced -11.1k -11,129
16 CFS Investment Advisory Services, LLC 0.74% of their portfolio TOTOWA, NJ 123,747123.7k $9.1m $9.1m 0.74% Added +9.2k +9,216
17 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 118,533118.5k $8.7m $8.7m 0.00% Reduced -5.0k -5,023
18 Orion Porfolio Solutions, LLC 0.07% of their portfolio OMAHA, NE 115,841115.8k $8.5m $8.5m 0.07% Reduced -8.8k -8,826
19 Focus Partners Wealth 0.01% of their portfolio ST LOUIS, MO 90,85690.9k $6.6m $6.6m 0.01% Reduced -4.4k -4,352
20 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 90,24390.2k $6.6m $6.6m 0.00% Reduced -8.1k -8,102
21 BENJAMIN EDWARDS INC 0.07% of their portfolio Clayton, MO 78,43478.4k $5.7m $5.7m 0.07% Reduced -259 -259
22 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 72,41672.4k $5.3m $5.3m 0.00% Added +38.3k +38,270
23 Magnus Financial Group LLC 0.42% of their portfolio NEW YORK, NY 65,72365.7k $4.8m $4.8m 0.42% Added +482 +482
24 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 57,65157.7k $4.2m $4.2m 0.00% Reduced -38.9k -38,910
25 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 51,65851.7k $3.8m $3.8m 0.01% Added +36.5k +36,509
26 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 50,52150.5k $3.7m $3.7m 0.01% Reduced -12.1k -12,095
27 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 46,08346.1k $3.4m $3.4m 0.00% Reduced -629 -629
28 CVA Family Office, LLC 0.44% of their portfolio DENVER, CO 42,44242.4k $3.1m $3.1m 0.44% Reduced -1.6k -1,581
29 Allworth Financial LP 0.01% of their portfolio FOLSOM, CA 38,22338.2k $2.8m $2.8m 0.01% Reduced -97 -97
30 HORIZON BANCORP INC /IN/ 1.38% of their portfolio MICHIGAN CITY, IN 37,34037.3k $2.7m $2.7m 1.38% Reduced -1.4k -1,389
31 NorthCoast Asset Management LLC 0.01% of their portfolio STAMFORD, CT 34,15634.2k $2.5m $2.5m 0.01% New
32 VestGen Investment Management 1.69% of their portfolio EGG HARBOR TOWNSHIP, NJ 32,22832.2k $2.4m $2.4m 1.69% Reduced -4.2k -4,246
33 FIRST FOUNDATION ADVISORS 0.08% of their portfolio Irvine, CA 30,86030.9k $2.3m $2.3m 0.08% Unchanged
34 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 30,13230.1k $2.2m $2.2m 0.01% Added +845 +845
35 TRUST CO OF VERMONT 0.10% of their portfolio BRATTLEBORO, VT 30,12830.1k $2.2m $2.2m 0.10% Unchanged
36 Sageworth Trust Co 0.12% of their portfolio LANCASTER, PA 29,66429.7k $2.2m $2.2m 0.12% Unchanged
37 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 26,88226.9k $2.0m $2.0m 0.00% Reduced -5.4k -5,377
38 Anson Capital, Inc. 1.46% of their portfolio TYRONE, GA 24,82324.8k $1.8m $1.8m 1.46% Added +90 +90
39 HM PAYSON & CO 0.03% of their portfolio PORTLAND, ME 22,21522.2k $1.6m $1.6m 0.03% Unchanged
40 MATHER GROUP, LLC. 0.02% of their portfolio CHICAGO, IL 21,84621.8k $1.6m $1.6m 0.02% Reduced -1.8k -1,832
41 Bryn Mawr Trust Advisors, LLC 0.09% of their portfolio PHILADELPHIA, PA 21,38721.4k $1.6m $1.6m 0.09% Unchanged
42 COMMERCE BANK 0.01% of their portfolio KANSAS CITY, MO 17,55717.6k $1.3m $1.3m 0.01% Unchanged
43 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 16,25616.3k $1.2m $1.2m 0.00% Unchanged
44 Valued Retirements, Inc. 1.24% of their portfolio HOUSTON, TX 15,02815.0k $1.1m $1.1m 1.24% Unchanged
45 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 14,70814.7k $1.1m $1.1m 0.00% Reduced -2.5k -2,486
46 Sageworth Trust Co of South Dakota 1.16% of their portfolio SIOUX FALLS, SD 14,59914.6k $1.1m $1.1m 1.16% Unchanged
47 Beacon Pointe Advisors, LLC 0.01% of their portfolio NEWPORT BEACH, CA 14,56014.6k $1.1m $1.1m 0.01% Reduced -630 -630
48 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 13,12313.1k $960.4k $960.4k 0.00% Reduced -11 -11
49 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 12,53812.5k $917.5k $917.5k 0.00% Added +1.5k +1,517
50 SENTINEL TRUST CO LBA 0.10% of their portfolio HOUSTON, TX 12,09412.1k $885.0k $885.0k 0.10% Unchanged
51 F/m Investments LLC 0.03% of their portfolio WASHINGTON, DC 12,07412.1k $883.6k $883.6k 0.03% Reduced -4.6k -4,613
52 PARSONS CAPITAL MANAGEMENT INC/RI 0.05% of their portfolio PROVIDENCE, RI 11,40811.4k $834.8k $834.8k 0.05% Reduced -953 -953
53 NATIXIS ADVISORS, LLC 0.00% of their portfolio Boston, MA 11,35011.3k $831.0k $831.0k 0.00% Reduced -636 -636
54 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 10,94610.9k $801.1k $801.1k 0.00% Reduced -187 -187
55 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 10,27010.3k $751.6k $751.6k 0.00% Reduced -265 -265
56 Cedar Wealth Management, LLC 0.25% of their portfolio LA JOLLA, CA 9,96710.0k $729.4k $729.4k 0.25% Unchanged
57 Addison Advisors LLC 0.17% of their portfolio MIDDLEBURY, VT 9,5329.5k $697.6k $697.6k 0.17% Unchanged
58 Horizon Family Wealth, Inc. 0.42% of their portfolio CHICAGO, IL 9,5029.5k $695.4k $695.4k 0.42% Added +46 +46
59 McGinn Penninger Investment Management, Inc. 0.43% of their portfolio Alexandria, VA 9,2079.2k $674.0k $674.0k 0.43% Reduced -720 -720
60 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 9,0489.0k $662.1k $662.1k 0.00% Reduced -560 -560
61 Pacific Sun Financial Corp 0.35% of their portfolio LOS ANGELES, CA 9,0409.0k $661.6k $661.6k 0.35% Reduced -60 -60
62 Charter Capital Management, LLC\DE 0.38% of their portfolio BROOKFIELD, WI 8,8598.9k $648.3k $648.3k 0.38% First filing
63 Firestone Capital Management 0.14% of their portfolio SOUTH MIAMI, FL 8,1608.2k $597.1k $597.1k 0.14% Unchanged
64 EP Wealth Advisors, LLC 0.00% of their portfolio TORRANCE, CA 8,1448.1k $596.0k $596.0k 0.00% Reduced -1.7k -1,705
65 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 8,0968.1k $592.5k $592.5k 0.00% Reduced -2.1k -2,112
66 M. Kraus & Co 0.17% of their portfolio SHELBURNE, VT 8,0008.0k $585.4k $585.4k 0.17% Unchanged
67 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 7,9788.0k $583.8k $583.8k 0.00% Added +326 +326
68 MGO ONE SEVEN LLC 0.02% of their portfolio Beachwood, OH 7,5467.5k $552.2k $552.2k 0.02% Unchanged
69 Geneos Wealth Management Inc. 0.01% of their portfolio ENGLEWOOD, CO 7,4537.5k $545.4k $545.4k 0.01% Reduced -7.7k -7,709
70 WEST MICHIGAN ADVISORS, LLC 0.15% of their portfolio HOLLAND, MI 7,4327.4k $543.8k $543.8k 0.15% Reduced -86 -86
71 FMR LLC 0.00% of their portfolio BOSTON, MA 7,2237.2k $528.6k $528.6k 0.00% Reduced -3.0k -3,000
72 Prospera Financial Services Inc 0.01% of their portfolio Dallas, TX 6,4336.4k $470.8k $470.8k 0.01% Added +43 +43
73 Legacy Edge Advisors, LLC 0.06% of their portfolio SYOSSET, NY 6,1786.2k $452.1k $452.1k 0.06% Unchanged
74 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 6,0576.1k $443.3k $443.3k 0.00% Unchanged
75 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 5,6075.6k $410.3k $410.3k 0.00% Reduced -111 -111
76 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 5,5645.6k $405.3k $405.3k 0.00% Added +2.0k +1,988
77 Shore Point Advisors, LLC 0.19% of their portfolio BRIELLE, NJ 5,5395.5k $405.4k $405.4k 0.19% Unchanged
78 EQUITABLE TRUST CO 0.02% of their portfolio NASHVILLE, TN 5,5005.5k $402.5k $402.5k 0.02% Unchanged
79 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 5,5005.5k $402.5k $402.5k 0.00% Unchanged
80 Atria Wealth Solutions, Inc. 0.01% of their portfolio NEW YORK, NY 5,2325.2k $382.9k $382.9k 0.01% Added +426 +426
81 Meridian Wealth Management, LLC 0.02% of their portfolio LEXINGTON, KY 5,0675.1k $370.8k $370.8k 0.02% Unchanged
82 Johnson Financial Group, Inc. 0.02% of their portfolio RACINE, WI 5,0005.0k $365.9k $365.9k 0.02% Unchanged
83 ABSOLUTE CAPITAL MANAGEMENT, LLC 0.16% of their portfolio Pittsburgh, PA 4,4054.4k $322.4k $322.4k 0.16% Reduced -548 -548
84 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 4,0974.1k $299.8k $299.8k 0.00% Added +85 +85
85 BEESE FULMER INVESTMENT MANAGEMENT, INC. 0.02% of their portfolio CANTON, OH 4,0904.1k $299.3k $299.3k 0.02% Unchanged
86 Westmount Partners, LLC 0.08% of their portfolio LOS ANGELES, CA 3,8853.9k $284.3k $284.3k 0.08% Unchanged
87 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 3,7843.8k $276.9k $276.9k 0.00% Reduced -651 -651
88 Capital Wealth Alliance, LLC 0.14% of their portfolio Scottsdale, AZ 3,6373.6k $266.2k $266.2k 0.14% Unchanged
89 Mariner, LLC 0.00% of their portfolio Overland Park, KS 3,6133.6k $264.4k $264.4k 0.00% Reduced -70 -70
90 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 3,4523.5k $253.0k $253.0k 0.00% Unchanged
91 SHEETS SMITH WEALTH MANAGEMENT 0.03% of their portfolio WINSTON-SALEM, NC 3,4003.4k $248.8k $248.8k 0.03% Reduced -200 -200
92 LifeSteps Financial, Inc. 0.17% of their portfolio CLAREMONT, CA 3,3053.3k $241.9k $241.9k 0.17% Unchanged
93 Vienna Asset Management LLC 0.17% of their portfolio SARATOGA, CA 3,2903.3k $240.8k $240.8k 0.17% Unchanged
94 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 3,2433.2k $237.3k $237.3k 0.00% Added +4 +4
95 Savant Capital, LLC 0.00% of their portfolio ROCKFORD, IL 3,2373.2k $236.9k $236.9k 0.00% Unchanged
96 Perigon Wealth Management, LLC 0.01% of their portfolio SAN FRANCISCO, CA 3,2253.2k $236.0k $236.0k 0.01% Unchanged
97 SVB WEALTH LLC 0.01% of their portfolio BOSTON, MA 3,2003.2k $234.2k $234.2k 0.01% Unchanged
98 HUNTER ASSOCIATES INVESTMENT MANAGEMENT LLC 0.03% of their portfolio PITTSBURGH, PA 3,1633.2k $233.0k $233.0k 0.03% Unchanged
99 CW Advisors, LLC 0.00% of their portfolio BOSTON, MA 3,1203.1k $228.3k $228.3k 0.00% Unchanged
100 Empire Financial Management Company, LLC 0.07% of their portfolio NEW YORK, NY 3,1163.1k $228.0k $228.0k 0.07% Unchanged