Vault-13

FLEXSHARES TR RAVI

FLEXSHARES ULTRA · ETP · CUSIP 33939L886

66 institutional holders -2 vs Q3 2025
16,618,61016.6m shares reported held*
$1.3bnreported value*
10 new 17 added 22 reduced 14 sold out net sold ≈ $35.3m (-468.7k 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 ($398.6k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $75.37.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 51Q4 22: 52Q1 23: 63Q2 23: 62Q3 23: 66Q4 23: 66Q1 24: 56Q2 24: 51Q3 24: 54Q4 24: 61Q1 25: 56Q2 25: 60Q3 25: 68Q4 25: 6666Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202251
Q4 202252
Q1 202363
Q2 202362
Q3 202366
Q4 202366
Q1 202456
Q2 202451
Q3 202454
Q4 202461
Q1 202556
Q2 202560
Q3 202568
Q4 202566

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q1 24: 17 bought or addedQ1 24: 39 cut or sold outQ2 24: 15 bought or addedQ2 24: 37 cut or sold outQ2 24Q3 24: 25 bought or addedQ3 24: 23 cut or sold outQ4 24: 28 bought or addedQ4 24: 27 cut or sold outQ4 24Q1 25: 24 bought or addedQ1 25: 33 cut or sold outQ2 25: 30 bought or addedQ2 25: 26 cut or sold outQ2 25Q3 25: 38 bought or addedQ3 25: 29 cut or sold outQ4 25: 27 bought or addedQ4 25: 36 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20241739
Q2 20241537
Q3 20242523
Q4 20242827
Q1 20252433
Q2 20253026
Q3 20253829
Q4 20252736

Biggest buyers

MORGAN STANLEY Added +13,839+13.8k
Legacy Wealth Managment, LLC/ID Added +7,045+7.0k
FOUNDERS FINANCIAL SECURITIES LLC New +5,456+5.5k
LPL Financial LLC Added +5,379+5.4k
BESSEMER GROUP INC New +5,324+5.3k
Horizon Investments, LLC New +5,289+5.3k
CIM, LLC Added +3,258+3.3k
F/m Investments LLC Added +2,986+3.0k
Creative Planning Added +2,738+2.7k
Beacon Financial Advisory LLC Added +2,385+2.4k

Biggest sellers

NORTHERN TRUST CORP Reduced -408,686-408.7k
ALLIANCEBERNSTEIN L.P. Sold out -16,886-16.9k
INTEGRITY ALLIANCE, LLC. Sold out -14,500-14.5k
JANE STREET GROUP, LLC Sold out -12,122-12.1k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -11,039-11.0k
Tactive Advisors, LLC Reduced -10,411-10.4k
Tower Research Capital LLC (TRC) Reduced -9,551-9.6k
CITADEL ADVISORS LLC Sold out -7,903-7.9k
INTERACTIVE FINANCIAL ADVISORS, INC. Reduced -5,236-5.2k
OSAIC HOLDINGS, INC. Reduced -4,775-4.8k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NORTHERN TRUST CORP 0.15% of their portfolio CHICAGO, IL 15,456,03415.5m $1.2bn $1.2bn 0.15% Reduced -408.7k -408,686
2 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 143,550143.6k $10.8m $10.8m 0.00% Reduced -1.7k -1,731
3 Tactive Advisors, LLC 3.09% of their portfolio Jacksonville, FL 140,156140.2k $10.6m $10.6m 3.09% Reduced -10.4k -10,411
4 INTERACTIVE FINANCIAL ADVISORS, INC. 6.01% of their portfolio New Lenox, IL 123,302123.3k $9.3m $9.3m 6.01% Reduced -5.2k -5,236
5 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 122,258122.3k $9.2m $9.2m 0.00% Added +5.4k +5,379
6 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 119,765119.8k $9.0m $9.0m 0.00% Added +13.8k +13,839
7 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 109,835109.8k $8.3m $8.3m 0.02% Added +1.1k +1,131
8 CIM, LLC 0.77% of their portfolio ALBANY, NY 77,76077.8k $5.9m $5.9m 0.77% Added +3.3k +3,258
9 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 35,27435.3k $2.7m $2.7m 0.00% Reduced -11.0k -11,039
10 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 28,90128.9k $2.2m $2.2m 0.00% Reduced -111 -111
11 Boltwood Capital Management 0.39% of their portfolio WALNUT CREEK, CA 20,07320.1k $1.5m $1.5m 0.39% Reduced -400 -400
12 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 19,96920.0k $1.5m $1.5m 0.00% Added +349 +349
13 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 17,42117.4k $1.3m $1.3m 0.00% Reduced -4.8k -4,775
14 Legacy Wealth Managment, LLC/ID 0.59% of their portfolio BOISE, ID 16,39816.4k $1.2m $1.2m 0.59% Added +7.0k +7,045
15 Auour Investments LLC 0.36% of their portfolio WOBURN, MA 15,06515.1k $1.1m $1.1m 0.36% Added +131 +131
16 KEYNOTE FINANCIAL SERVICES LLC 0.63% of their portfolio VERNON, CT 14,96615.0k $1.1m $1.1m 0.63% Reduced -1.4k -1,379
17 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 12,58812.6k $948.8k $948.8k 0.00% Added +1.5k +1,502
18 F/m Investments LLC 0.03% of their portfolio WASHINGTON, DC 11,55211.6k $870.4k $870.4k 0.03% Added +3.0k +2,986
19 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 10,32510.3k $778.2k $778.2k 0.00% Added +2.7k +2,738
20 J.W. COLE ADVISORS, INC. 0.02% of their portfolio TAMPA, FL 10,17910.2k $767.2k $767.2k 0.02% Added +215 +215
21 Beacon Financial Advisory LLC 0.15% of their portfolio CLEVELAND, OH 8,6738.7k $653.7k $653.7k 0.15% Added +2.4k +2,385
22 Raab & Moskowitz Asset Management LLC 0.13% of their portfolio Chatham, NJ 7,8607.9k $592.4k $592.4k 0.13% Reduced -65 -65
23 SILVER OAK SECURITIES, INCORPORATED 0.04% of their portfolio JACKSON, TN 7,0407.0k $530.4k $530.4k 0.04% Reduced -3.0k -2,998
24 PINNACLE ASSOCIATES LTD 0.01% of their portfolio NEW YORK, NY 5,7285.7k $431.7k $431.7k 0.01% Unchanged
25 FOUNDERS FINANCIAL SECURITIES LLC 0.02% of their portfolio TOWSON, MD 5,4565.5k $411.2k $411.2k 0.02% New
26 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 5,4205.4k $408.5k $408.5k 0.00% Added +218 +218
27 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 5,3245.3k $401.0k $401.0k 0.00% New
28 Horizon Investments, LLC 0.01% of their portfolio Charlotte, NC 5,2895.3k $398.6k $398.6k 0.01% New
29 CALTON & ASSOCIATES, INC. 0.06% of their portfolio Tampa, FL 5,0785.1k $382.7k $382.7k 0.06% Added +2.3k +2,297
30 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 4,7694.8k $359.4k $359.4k 0.00% Reduced -85 -85
31 Beacon Pointe Advisors, LLC 0.00% of their portfolio NEWPORT BEACH, CA 4,5394.5k $342.1k $342.1k 0.00% Unchanged
32 1776 Wealth LLC 0.13% of their portfolio ATLANTA, GA 4,4134.4k $332.6k $332.6k 0.13% Unchanged
33 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 4,3184.3k $325.4k $325.4k 0.00% Unchanged
34 VestGen Investment Management 0.18% of their portfolio EGG HARBOR TOWNSHIP, NJ 4,2374.2k $319.3k $319.3k 0.18% Reduced -317 -317
35 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 4,1254.1k $311.0k $311.0k 0.00% Reduced -3.0k -3,045
36 Flaharty Asset Management, LLC 0.04% of their portfolio CLEARWATER, FL 4,0404.0k $304.5k $304.5k 0.04% Unchanged
37 Nicholas Hoffman & Company, LLC. 0.01% of their portfolio ATLANTA, GA 3,7363.7k $281.6k $281.6k 0.01% Unchanged
38 CAMBIENT FAMILY OFFICE, LLC 0.04% of their portfolio ADA, MI 3,4233.4k $258.0k $258.0k 0.04% First filing
39 Sloy Dahl & Holst, LLC 0.03% of their portfolio Vancouver, WA 3,2853.3k $247.6k $247.6k 0.03% Unchanged
40 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 3,1533.2k $237.6k $237.6k 0.00% Added +700 +700
41 SIMON QUICK ADVISORS, LLC 0.01% of their portfolio MORRISTOWN, NJ 3,0663.1k $231.1k $231.1k 0.01% Unchanged
42 Mutual Advisors, LLC 0.00% of their portfolio OMAHA, NE 2,9472.9k $222.1k $222.1k 0.00% Unchanged
43 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 2,6872.7k $203.0k $203.0k 0.00% Reduced -359 -359
44 CoreCap Advisors, LLC 0.01% of their portfolio SOUTHFIELD, MI 1,9972.0k $150.5k $150.5k 0.01% Added +454 +454
45 COMERICA BANK 0.00% of their portfolio DALLAS, TX 1,5021.5k $113.2k $113.2k 0.00% Reduced -9 -9
46 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 1,3361.3k $100.7k $100.7k 0.00% Added +821 +821
47 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 996996 $75.1k $75.1k 0.00% Reduced -125 -125
48 Birchwood Financial Partners, Inc. 0.06% of their portfolio BLOOMINGTON, MN 750750 $56.5k $56.5k 0.06% First filing
49 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 699699 $52.7k $52.7k 0.00% New
50 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 585585 $44.1k $44.1k 0.00% Unchanged
51 FLAGSHIP HARBOR ADVISORS, LLC 0.00% of their portfolio BOSTON, MA 500500 $37.7k $37.7k 0.00% New
52 Cape Investment Advisory, Inc. 0.01% of their portfolio MCDONOUGH, GA 257257 $19.4k $19.4k 0.01% New
53 Rossmore Private Capital 0.00% of their portfolio GLASTONBURY, CT 207207 $15.6k $15.6k 0.00% Unchanged
54 Quent Capital, LLC 0.00% of their portfolio NEW YORK, NY 207207 $15.6k $15.6k 0.00% Unchanged
55 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 192192 $14.5k $14.5k 0.00% New
56 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 152152 $11.5k $11.5k 0.00% Reduced -7 -7
57 MARQUETTE ASSOCIATES, INC. 0.01% of their portfolio CHICAGO, IL 105105 $7.9k $7.9k 0.01% Reduced -13 -13
58 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 9595 $7.2k $7.2k 0.00% Reduced -35 -35
59 Measured Wealth Private Client Group, LLC 0.00% of their portfolio PORTSMOUTH, NH 8888 $6.6k $6.6k 0.00% Unchanged
60 Wealth Watch Advisors, INC 0.00% of their portfolio ENGLEWOOD, CO 7070 $5.3k $5.3k 0.00% New
61 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 6767 $5.0k $5.0k 0.00% Unchanged
62 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 5656 $4.2k $4.2k 0.00% New
63 CWM, LLC 0.00% of their portfolio OMAHA, NE 3232 $2.0k $2.0k 0.00% Unchanged
64 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 2222 $1.7k $1.7k 0.00% Reduced -22 -22
65 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 66 $452 $452 0.00% New
66 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 11 $75 $75 0.00% Reduced -9.6k -9,551