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FlexShares Quality Dividend Defensive Index Fund
QDEF

20 hedge funds and large institutions have $176M invested in FlexShares Quality Dividend Defensive Index Fund in 2016 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 6 increasing their positions, 8 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

6% more capital invested

Capital invested by funds: $165M → $176M (+$10.5M)

1% more ownership

Funds ownership: 87.58% → 88.58% (+1%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

13% less funds holding

Funds holding: 23 → 20 (-3)

25% less repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 8

40% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 5

Holders
20
Holders Change
-3
Holders Change %
-13.04%
% of All Funds
0.53%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
3
Increased
6
Reduced
8
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Northern Trust
Northern Trust
Illinois
+$10.6M
2
LPL Financial
LPL Financial
California
+$999K
3
UBS Group
UBS Group
Switzerland
+$704K
4
Bank of America
Bank of America
North Carolina
+$327K
5
Morgan Stanley
Morgan Stanley
New York
+$167K

Top Sellers

1
Jane Street
Jane Street
New York
-$2.85M
2
3AM
3D Asset Management
Connecticut
-$2.6M
3
BAAM
Baker Avenue Asset Management
California
-$1.26M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$1.13M
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$782K
Name Holding Trade Value Shares
Change 		Change in
Stake
Northern Trust
1
Northern Trust
Illinois
$129M +$10.6M +311,305 +9%
3AM
2
3D Asset Management
Connecticut
$24.5M -$2.6M -76,495 -10%
Envestnet Asset Management
3
Envestnet Asset Management
Illinois
$9.49M -$782K -23,048 -8%
LNB
4
Ledyard National Bank
$3.23M -$170K -5,000 -5%
Bank of America
5
Bank of America
North Carolina
$2.21M +$327K +9,621 +19%
LPL Financial
6
LPL Financial
California
$2.02M +$999K +29,440 +109%
LTFS
7
Ladenburg Thalmann Financial Services
Florida
$1.32M -$268K -7,897 -18%
AI
8
Atria Investments
North Carolina
$865K -$117K -3,439 -13%
UBS Group
9
UBS Group
Switzerland
$748K +$704K +20,737 New
SPC
10
Sigma Planning Corp
Michigan
$605K -$20.1K -592 -3%
VFS
11
VSR Financial Services
Kansas
$481K +$80.5K +2,373 +22%
Morgan Stanley
12
Morgan Stanley
New York
$296K +$167K +4,911 +149%
Cambridge Investment Research Advisors
13
Cambridge Investment Research Advisors
Iowa
$208K -$19.8K -584 -9%
SG Americas Securities
14
SG Americas Securities
New York
$113K +$106K +3,130 New
Royal Bank of Canada
15
Royal Bank of Canada
Ontario, Canada
$59K – – –
Creative Planning
16
Creative Planning
Kansas
$19K +$18.2K +535 New
AIG
17
American International Group
New York
$11K -$4.58K -135 -30%
PNC Financial Services Group
18
PNC Financial Services Group
Pennsylvania
$6K +$102 +3 +2%
Jane Street
19
Jane Street
New York
– -$2.85M -82,402 Closed
BAAM
20
Baker Avenue Asset Management
California
– -$1.26M -36,299 Closed
Susquehanna International Group
21
Susquehanna International Group
Pennsylvania
– -$1.13M -32,560 Closed
Citadel Advisors
22
Citadel Advisors
Florida
– -$500K -14,461 Closed
AFP
23
Ausdal Financial Partners
Iowa
– -$7K -200 Closed

QDEF Hedge Fund Activity: Q1 2016 in Review

20 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in FlexShares Quality Dividend Defensive Index Fund (QDEF) for Q1 2016, worth a combined $176M — up 6.4% from $165M a quarter earlier.

Sellers outnumbered buyers: 5 funds closed out of QDEF and 3 opened new positions — a net loss of 2 holders — while 8 trimmed existing stakes and 6 added.

The largest buyer was Northern Trust, adding an estimated $10.6M. The largest seller was Jane Street, exiting entirely with an estimated $2.85M sold.

  • 20 institutional investors held FlexShares Quality Dividend Defensive Index Fund (QDEF) as of Q1 2016, down from 23 in Q4 2015.
  • Funds reported $176M of FlexShares Quality Dividend Defensive Index Fund stock for Q1 2016, up 6.4% quarter-over-quarter.
  • 3 funds opened new FlexShares Quality Dividend Defensive Index Fund positions in Q1 2016 and 5 closed out, a net change of -2 holders.
  • The largest FlexShares Quality Dividend Defensive Index Fund buyer in Q1 2016 was Northern Trust, an estimated $10.6M added.
  • The largest FlexShares Quality Dividend Defensive Index Fund seller in Q1 2016 was Jane Street, an estimated $2.85M sold.

Based on aggregated 13F filings for Q1 2016.