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FlexShares Global Upstream Natural Resources Index Fund
GUNR

262 hedge funds and large institutions have $4.07B invested in FlexShares Global Upstream Natural Resources Index Fund in 2025 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 71 increasing their positions, 106 reducing their positions, and 48 closing their positions.

New
Increased
Maintained
Reduced
Closed

6% more funds holding in top 10

Funds holding in top 10: 16 → 17 (+1)

0.44% more ownership

Funds ownership: 82.23% → 82.67% (+0.44%)

3% less capital invested

Capital invested by funds: $4.18B → $4.07B (-$115M)

10% less funds holding

Funds holding: 290 → 262 (-28)

33% less repeat investments, than reductions

Existing positions increased: 71 | Existing positions reduced: 106

44% less first-time investments, than exits

New positions opened: 27 | Existing positions closed: 48

Holders
262
Holders Change
-28
Holders Change %
-9.66%
% of All Funds
3.51%
Holding in Top 10
17
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+6.25%
% of All Funds
0.23%
New
27
Increased
71
Reduced
106
Closed
48
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
EW
Evoke Wealth
California
+$17M
2
VA
Valmark Advisers
Ohio
+$4.39M
3
FIB
First Interstate Bank
Montana
+$2.73M
4
COI
Connable Office Inc
Michigan
+$2.69M
5
AWA
Aaron Wealth Advisors
Illinois
+$1.94M

Top Sellers

Rank Fund Capital Flow
1
Northern Trust
Northern Trust
Illinois
-$248M
2
Jane Street
Jane Street
New York
-$27.6M
3
Morgan Stanley
Morgan Stanley
New York
-$12.3M
4
Ameriprise
Ameriprise
Minnesota
-$11.3M
5
1832 Asset Management
1832 Asset Management
Ontario, Canada
-$10.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
TWA
126
Trace Wealth Advisors
California
$589K -$65.9K -1,726 -10%
VR
127
Valued Retirements
Texas
$574K – – –
Cerity Partners
128
Cerity Partners
New York
$572K -$33.2K -871 -6%
OIA
129
OneDigital Investment Advisors
Kansas
$568K – – –
ET
130
Equitable Trust
Tennessee
$556K – – –
CA
131
Clearstead Advisors
Ohio
$529K +$410K +10,735 +370%
Baird Financial Group
132
Baird Financial Group
Wisconsin
$527K -$153K -3,999 -23%
PWM
133
Provident Wealth Management
Tennessee
$523K -$138K -3,608 -21%
CL
134
Choreo LLC
Illinois
$523K -$50.8K -1,332 -9%
Citadel Advisors
135
Citadel Advisors
Florida
$500K -$6.61M -173,105 -93%
TC
136
TownSquare Capital
Utah
$479K -$3.13K -82 -0.7%
WSWA
137
Warren Street Wealth Advisors
California
$461K +$191 +5 +0%
Mirae Asset Global Investments
138
Mirae Asset Global Investments
South Korea
$453K – – –
YIH
139
Y-Intercept (HK)
Hong Kong
$451K +$443K +11,617 New
FIM
140
Freedom Investment Management
Connecticut
$440K +$88.5K +2,319 +26%
FWM
141
Forza Wealth Management
Florida
$436K – – –
M&T Bank
142
M&T Bank
New York
$428K – – –
QCIG
143
Quad-Cities Investment Group
Iowa
$423K -$78.5K -2,057 -16%
DWT
144
Dorsey & Whitney Trust
South Dakota
$412K – – –
Bank of Montreal
145
Bank of Montreal
Ontario, Canada
$405K -$312K -8,173 -44%
MG
146
Mather Group
Illinois
$404K – – –
TPCW
147
TD Private Client Wealth
New York
$390K -$145K -3,812 -27%
CB
148
Commerce Bank
Missouri
$383K – – –
US Bancorp
149
US Bancorp
Minnesota
$375K +$111K +2,917 +43%
GBT
150
Grove Bank & Trust
Florida
$369K -$330K -8,639 -48%
4 5
6
7 8

GUNR Hedge Fund Activity: Q1 2025 in Review

262 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in FlexShares Global Upstream Natural Resources Index Fund (GUNR) for Q1 2025, worth a combined $4.07B — down 2.8% from $4.18B a quarter earlier.

Sellers outnumbered buyers: 48 funds closed out of GUNR and 27 opened new positions — a net loss of 21 holders — while 106 trimmed existing stakes and 71 added.

The largest buyer was Evoke Wealth, adding an estimated $17M. The largest seller was Northern Trust, cutting an estimated $248M.

  • 262 institutional investors held FlexShares Global Upstream Natural Resources Index Fund (GUNR) as of Q1 2025, down from 290 in Q4 2024.
  • Funds reported $4.07B of FlexShares Global Upstream Natural Resources Index Fund stock for Q1 2025, down 2.8% quarter-over-quarter.
  • 27 funds opened new FlexShares Global Upstream Natural Resources Index Fund positions in Q1 2025 and 48 closed out, a net change of -21 holders.
  • The largest FlexShares Global Upstream Natural Resources Index Fund buyer in Q1 2025 was Evoke Wealth, an estimated $17M added.
  • The largest FlexShares Global Upstream Natural Resources Index Fund seller in Q1 2025 was Northern Trust, an estimated $248M sold.

Based on aggregated 13F filings for Q1 2025.