Vault-13

FLEXSHARES TR QDF

QUALT DIVD IDX · ETP · CUSIP 33939L860

176 institutional holders +17 vs Q4 2025
19,520,86919.5m shares reported held*
$1.5bnreported value*
24 new 43 added 43 reduced 7 sold out net sold ≈ $279.6m (-3.5m 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 ($126.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $78.92.

Trends to Q1 2026

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: 150Q3 25: 148Q4 25: 159Q1 26: 176176Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q3 2025148
Q4 2025159
Q1 2026176

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 24: 42 bought or addedQ2 24: 56 cut or sold outQ3 24: 50 bought or addedQ3 24: 46 cut or sold outQ3 24Q4 24: 47 bought or addedQ4 24: 51 cut or sold outQ1 25: 52 bought or addedQ1 25: 63 cut or sold outQ1 25Q2 25: 34 bought or addedQ2 25: 69 cut or sold outQ3 25: 47 bought or addedQ3 25: 60 cut or sold outQ3 25Q4 25: 57 bought or addedQ4 25: 55 cut or sold outQ1 26: 67 bought or addedQ1 26: 50 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20244256
Q3 20245046
Q4 20244751
Q1 20255263
Q2 20253469
Q3 20254760
Q4 20255755
Q1 20266750

Biggest buyers

AQR CAPITAL MANAGEMENT LLC New +555,000+555.0k
Bank of New York Mellon Corp Added +63,830+63.8k
BANK OF AMERICA CORP /DE/ Added +51,251+51.3k
VestGen Advisors, LLC New +45,720+45.7k
UBS Group AG Added +23,199+23.2k
Baird Financial Group, Inc. Added +18,745+18.7k
CITADEL ADVISORS LLC New +18,312+18.3k
ENVESTNET ASSET MANAGEMENT INC Added +15,681+15.7k
GOLDMAN SACHS GROUP INC Added +14,958+15.0k
O'SHAUGHNESSY ASSET MANAGEMENT, LLC New +14,530+14.5k

Biggest sellers

TIAA TRUST, NATIONAL ASSOCIATION Reduced -4,040,749-4.0m
NORTHERN TRUST CORP Reduced -121,396-121.4k
Focus Partners Wealth Reduced -90,155-90.2k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -56,065-56.1k
LPL Financial LLC Reduced -38,384-38.4k
Ledyard National Bank Reduced -29,619-29.6k
AMERIPRISE FINANCIAL INC Reduced -19,279-19.3k
Corient Private Wealth LP Reduced -16,256-16.3k
FIRST FINANCIAL CORP /IN/ Reduced -12,500-12.5k
WELLS FARGO & COMPANY/MN Reduced -11,225-11.2k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NORTHERN TRUST CORP 0.12% of their portfolio CHICAGO, IL 11,131,04911.1m $880.4m $880.4m 0.12% Reduced -121.4k -121,396
2 TIAA Wealth Investment Management LLC 1.36% of their portfolio New York, NY 2,301,1662.3m $177.7m $177.7m 1.36% First filing
3 TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC 0.49% of their portfolio CHARLOTTE, NC 1,599,6161.6m $126.5m $126.5m 0.49% First filing
4 AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio Greenwich, CT 555,000555.0k $43.9m $43.9m 0.02% New
5 KEYBANK NATIONAL ASSOCIATION/OH 0.16% of their portfolio BROOKLYN, OH 547,452547.5k $43.3m $43.3m 0.16% Added +7.5k +7,532
6 VeraBank, N.A. 6.71% of their portfolio HENDERSON, TX 463,289463.3k $36.6m $36.6m 6.71% Added +2.7k +2,729
7 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 426,191426.2k $33.7m $33.7m 0.01% Added +63.8k +63,830
8 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 320,128320.1k $25.3m $25.3m 0.01% Reduced -38.4k -38,384
9 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 317,937317.9k $25.1m $25.1m 0.01% Added +15.7k +15,681
10 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 302,356302.4k $23.9m $23.9m 0.00% Added +51.3k +51,251
11 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 243,217243.2k $19.2m $19.2m 0.00% Reduced -8.1k -8,105
12 UBS Group AG 0.00% of their portfolio ZURICH, V8 238,625238.6k $18.9m $18.9m 0.00% Added +23.2k +23,199
13 Baird Financial Group, Inc. 0.02% of their portfolio MILWAUKEE, WI 195,321195.3k $15.4m $15.4m 0.02% Added +18.7k +18,745
14 Ledyard National Bank 1.04% of their portfolio HANOVER, NH 151,308151.3k $12.0m $12.0m 1.04% Reduced -29.6k -29,619
15 Wealthspire Advisors, LLC 0.09% of their portfolio NEW YORK, NY 147,998148.0k $11.7m $11.7m 0.09% Added +92 +92
16 BRIDGES INVESTMENT MANAGEMENT INC 0.13% of their portfolio OMAHA, NE 121,748121.7k $9.6m $9.6m 0.13% Reduced -764 -764
17 Focus Partners Wealth 0.01% of their portfolio ST LOUIS, MO 113,617113.6k $9.0m $9.0m 0.01% Reduced -90.2k -90,155
18 Orion Porfolio Solutions, LLC 0.07% of their portfolio OMAHA, NE 96,51996.5k $7.6m $7.6m 0.07% Reduced -7.0k -6,964
19 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 80,93480.9k $6.2m $6.2m 0.00% Added +9.0k +9,043
20 BENJAMIN EDWARDS INC 0.06% of their portfolio Clayton, MO 77,33677.3k $6.1m $6.1m 0.06% Added +513 +513
21 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 76,41376.4k $6.0m $6.0m 0.00% Reduced -11.2k -11,225
22 CFS Investment Advisory Services, LLC 0.43% of their portfolio TOTOWA, NJ 73,59273.6k $6.3m $6.3m 0.43% Reduced -6.2k -6,249
23 Magnus Financial Group LLC 0.43% of their portfolio NEW YORK, NY 66,48166.5k $5.3m $5.3m 0.43% Added +154 +154
24 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 64,95865.0k $5.1m $5.1m 0.00% Added +15.0k +14,958
25 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 63,66163.7k $5.0m $5.0m 0.01% Reduced -4.8k -4,787
26 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 52,05652.1k $4.1m $4.1m 0.01% Reduced -56.1k -56,065
27 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 49,51949.5k $3.9m $3.9m 0.01% Reduced -6.9k -6,936
28 VestGen Investment Management 2.00% of their portfolio EGG HARBOR TOWNSHIP, NJ 45,84745.8k $3.6m $3.6m 2.00% Added +3.3k +3,348
29 VestGen Advisors, LLC 0.11% of their portfolio CHICAGO, IL 45,72045.7k $4.0m $4.0m 0.11% New
30 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 44,21244.2k $3.5m $3.5m 0.00% Reduced -3.5k -3,516
31 CVA Family Office, LLC 0.35% of their portfolio DENVER, CO 41,88841.9k $3.3m $3.3m 0.35% Reduced -540 -540
32 TIAA TRUST, NATIONAL ASSOCIATION 0.17% of their portfolio CHARLOTTE, NC 34,92734.9k $2.8m $2.8m 0.17% Reduced -4.0m -4,040,749
33 Allworth Financial LP 0.01% of their portfolio FOLSOM, CA 34,92234.9k $2.8m $2.8m 0.01% Reduced -916 -916
34 HORIZON BANCORP INC /IN/ 1.32% of their portfolio MICHIGAN CITY, IN 34,79834.8k $2.8m $2.8m 1.32% Reduced -321 -321
35 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 34,51734.5k $2.7m $2.7m 0.00% Added +7.1k +7,137
36 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 32,27832.3k $2.6m $2.6m 0.00% Added +807 +807
37 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 30,87830.9k $2.4m $2.4m 0.01% Added +721 +721
38 FIRST FOUNDATION ADVISORS 0.10% of their portfolio Irvine, CA 30,61830.6k $2.4m $2.4m 0.10% Reduced -242 -242
39 Sageworth Trust Co 0.10% of their portfolio LANCASTER, PA 29,66429.7k $2.3m $2.3m 0.10% Unchanged
40 HM PAYSON & CO 0.03% of their portfolio PORTLAND, ME 22,21522.2k $1.8m $1.8m 0.03% Unchanged
41 MATHER GROUP, LLC. 0.02% of their portfolio CHICAGO, IL 21,01121.0k $1.7m $1.7m 0.02% Reduced -171 -171
42 Anson Capital, Inc. 1.11% of their portfolio TYRONE, GA 20,58920.6k $1.6m $1.6m 1.11% Added +3.4k +3,448
43 Bryn Mawr Trust Advisors, LLC 0.08% of their portfolio PHILADELPHIA, PA 19,84819.8k $1.6m $1.6m 0.08% Unchanged
44 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 18,95719.0k $1.5m $1.5m 0.00% Added +4.3k +4,283
45 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 18,31218.3k $1.4m $1.4m 0.00% New
46 COMMERCE BANK 0.01% of their portfolio KANSAS CITY, MO 17,55717.6k $1.4m $1.4m 0.01% Unchanged
47 Clayton Financial Group LLC 0.69% of their portfolio ST. LOUIS, MO 17,00017.0k $1.3m $1.3m 0.69% Unchanged
48 Atria Investments, Inc 0.01% of their portfolio Charlotte, NC 16,73016.7k $1.3m $1.3m 0.01% Added +9.9k +9,904
49 Selby Wealth Management, LLC 0.51% of their portfolio EMERYVILLE, CA 16,52316.5k $1.3m $1.3m 0.51% Unchanged
50 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 16,25616.3k $1.3m $1.3m 0.00% Reduced -16.3k -16,256
51 First Heartland Consultants, Inc. 0.09% of their portfolio LAKE ST. LOUIS, MO 15,64815.6k $1.2m $1.2m 0.09% Added +9.9k +9,945
52 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 15,34015.3k $1.2m $1.2m 0.00% Reduced -65 -65
53 Valued Retirements, Inc. 1.16% of their portfolio HOUSTON, TX 15,02815.0k $1.2m $1.2m 1.16% Unchanged
54 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.01% of their portfolio Stamford, CT 14,53014.5k $1.1m $1.1m 0.01% New
55 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 14,48614.5k $1.1m $1.1m 0.00% Unchanged
56 Sageworth Trust Co of South Dakota 0.91% of their portfolio SIOUX FALLS, SD 14,47214.5k $1.1m $1.1m 0.91% Reduced -127 -127
57 FIRST FINANCIAL CORP /IN/ 0.44% of their portfolio TERRE HAUTE, IN 14,27314.3k $1.1m $1.1m 0.44% Reduced -12.5k -12,500
58 GTS SECURITIES LLC 0.04% of their portfolio NEW YORK, NY 14,14114.1k $1.1m $1.1m 0.04% New
59 Beacon Pointe Advisors, LLC 0.01% of their portfolio NEWPORT BEACH, CA 13,46613.5k $1.1m $1.1m 0.01% Added +6.1k +6,137
60 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 13,44113.4k $1.1m $1.1m 0.00% Reduced -333 -333
61 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 12,92212.9k $1.0m $1.0m 0.00% Reduced -1.7k -1,726
62 VISTA CAPITAL PARTNERS, INC. 0.09% of their portfolio PORTLAND, OR 11,76211.8k $930.3k $930.3k 0.09% Unchanged
63 SENTINEL TRUST CO LBA 0.08% of their portfolio HOUSTON, TX 10,70010.7k $846.0k $846.0k 0.08% Reduced -1.3k -1,306
64 FMR LLC 0.00% of their portfolio BOSTON, MA 10,68210.7k $844.9k $844.9k 0.00% Added +49 +49
65 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 10,01910.0k $792.4k $792.4k 0.00% Reduced -62 -62
66 Cedar Wealth Management, LLC 0.23% of their portfolio LA JOLLA, CA 9,96710.0k $788.3k $788.3k 0.23% Unchanged
67 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 9,8539.9k $779.2k $779.2k 0.00% Added +732 +732
68 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 9,8279.8k $777.2k $777.2k 0.00% New
69 PARSONS CAPITAL MANAGEMENT INC/RI 0.04% of their portfolio PROVIDENCE, RI 9,8179.8k $776.4k $776.4k 0.04% Unchanged
70 Horizon Family Wealth, Inc. 0.40% of their portfolio CHICAGO, IL 9,6209.6k $760.8k $760.8k 0.40% Added +24 +24
71 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 8,7518.8k $692.1k $692.1k 0.00% Reduced -522 -522
72 Addison Advisors LLC 0.15% of their portfolio MIDDLEBURY, VT 8,6818.7k $686.6k $686.6k 0.15% Reduced -200 -200
73 WealthPlan Investment Management, LLC 0.04% of their portfolio OMAHA, NE 8,4128.4k $665.3k $665.3k 0.04% Added +3.8k +3,800
74 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 8,3778.4k $650.9k $650.9k 0.00% Added +428 +428
75 FLOW TRADERS U.S. LLC 0.02% of their portfolio NEW YORK, NY 8,2228.2k $650.0k $650.0k 0.02% New
76 Firestone Capital Management 0.13% of their portfolio SOUTH MIAMI, FL 8,1608.2k $645.4k $645.4k 0.13% Unchanged
77 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 7,8407.8k $620.0k $620.0k 0.00% Reduced -231 -231
78 Pacific Sun Financial Corp 0.29% of their portfolio LOS ANGELES, CA 7,5557.6k $597.5k $597.5k 0.29% Reduced -180 -180
79 Charter Capital Management, LLC\DE 0.30% of their portfolio BROOKFIELD, WI 7,5367.5k $596.1k $596.1k 0.30% Unchanged
80 M. Kraus & Co 0.17% of their portfolio SHELBURNE, VT 7,5007.5k $593.2k $593.2k 0.17% Reduced -500 -500
81 Geneos Wealth Management Inc. 0.01% of their portfolio ENGLEWOOD, CO 7,3737.4k $583.2k $583.2k 0.01% Unchanged
82 McGinn Penninger Investment Management, Inc. 0.36% of their portfolio Alexandria, VA 7,0427.0k $557.0k $557.0k 0.36% Reduced -720 -720
83 WEST MICHIGAN ADVISORS, LLC 0.12% of their portfolio HOLLAND, MI 6,8936.9k $545.1k $545.1k 0.12% Reduced -222 -222
84 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 6,8406.8k $541.0k $541.0k 0.00% Unchanged
85 One Capital Management, LLC 0.01% of their portfolio WESTLAKE VILLAGE, CA 6,7306.7k $532.3k $532.3k 0.01% Added +1.2k +1,191
86 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 6,6986.7k $529.7k $529.7k 0.00% Added +2.9k +2,851
87 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 6,6906.7k $529.1k $529.1k 0.00% Reduced -1.7k -1,725
88 MGO ONE SEVEN LLC 0.01% of their portfolio Beachwood, OH 6,3586.4k $502.9k $502.9k 0.01% Reduced -223 -223
89 Prospera Financial Services Inc 0.01% of their portfolio Dallas, TX 6,1956.2k $490.0k $490.0k 0.01% Added +34 +34
90 Legacy Edge Advisors, LLC 0.05% of their portfolio SYOSSET, NY 6,1856.2k $489.2k $489.2k 0.05% Reduced -103 -103
91 Emerald Investment Advisers, LLC 0.04% of their portfolio LEOLA, PA 6,1856.2k $488.4k $488.4k 0.04% First filing
92 Live Oak Private Wealth LLC 0.06% of their portfolio WILMINGTON, NC 5,5825.6k $441.5k $441.5k 0.06% Unchanged
93 EQUITABLE TRUST CO 0.02% of their portfolio NASHVILLE, TN 5,5005.5k $435.0k $435.0k 0.02% Unchanged
94 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 5,4125.4k $427.7k $427.7k 0.00% Reduced -19.3k -19,279
95 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 5,3655.4k $424.3k $424.3k 0.00% Added +311 +311
96 Meridian Wealth Management, LLC 0.01% of their portfolio LEXINGTON, KY 5,0675.1k $400.7k $400.7k 0.01% Unchanged
97 WealthPoint Financial, LLC 0.33% of their portfolio CRAMERTON, NC 5,0495.0k $399.3k $399.3k 0.33% Added +168 +168
98 Shore Point Advisors, LLC 0.16% of their portfolio BRIELLE, NJ 4,9845.0k $394.2k $394.2k 0.16% Unchanged
99 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 4,8534.9k $383.8k $383.8k 0.00% Added +1.6k +1,602
100 EP Wealth Advisors, LLC 0.00% of their portfolio TORRANCE, CA 4,8234.8k $381.5k $381.5k 0.00% Unchanged