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FlexShares Quality Dividend Defensive Index Fund
QDEF

71 hedge funds and large institutions have $248M invested in FlexShares Quality Dividend Defensive Index Fund in 2023 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 19 increasing their positions, 25 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 4

3% more funds holding

Funds holding: 69 → 71 (+2)

0.56% more ownership

Funds ownership: 76.6% → 77.16% (+0.56%)

4% less capital invested

Capital invested by funds: $258M → $248M (-$10.6M)

24% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 25

Holders
71
Holders Change
+2
Holders Change %
+2.9%
% of All Funds
1.13%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
19
Reduced
25
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$1.45M
2
Citadel Advisors
Citadel Advisors
Florida
+$1.31M
3
LSA
L & S Advisors
California
+$418K
4
UB
UMB Bank
Missouri
+$150K
5
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
+$112K

Top Sellers

Rank Fund Capital Flow
1
Bank of New York Mellon
Bank of New York Mellon
New York
-$2.26M
2
Northern Trust
Northern Trust
Illinois
-$1.73M
3
ZB
Zions Bancorporation
Utah
-$574K
4
KAS
Kestra Advisory Services
Texas
-$339K
5
FTUS
Flow Traders U.S.
New York
-$326K
Name Holding Trade Value Shares
Change 		Change in
Stake
Northern Trust
1
Northern Trust
Illinois
$185M -$1.73M -30,793 -0.9%
LPL Financial
2
LPL Financial
California
$8.48M -$142K -2,517 -2%
RW
3
RVW Wealth
California
$8.09M -$150K -2,655 -2%
Royal Bank of Canada
4
Royal Bank of Canada
Ontario, Canada
$3.58M +$1.45M +25,657 +63%
SDH
5
Sloy Dahl & Holst
Washington
$3.08M +$25.6K +455 +0.8%
Morgan Stanley
6
Morgan Stanley
New York
$2.56M -$280K -4,971 -10%
RJA
7
Raymond James & Associates
Florida
$1.64M -$33K -585 -2%
Creative Planning
8
Creative Planning
Kansas
$1.62M – – –
RW
9
REDW Wealth
New Mexico
$1.55M – – –
RTL
10
Red Tortoise LLC
Georgia
$1.49M +$7.61K +135 +0.5%
UBS Group
11
UBS Group
Switzerland
$1.37M +$19.4K +345 +1%
Citadel Advisors
12
Citadel Advisors
Florida
$1.26M +$1.31M +23,277 New
AWM
13
AE Wealth Management
Kansas
$1.24M -$91K -1,616 -7%
CAN
14
Cetera Advisor Networks
California
$1.24M -$82K -1,455 -6%
Susquehanna International Group
15
Susquehanna International Group
Pennsylvania
$1.18M -$47.4K -842 -4%
LSA
16
L & S Advisors
California
$1.18M +$418K +7,420 +52%
MML Investors Services
17
MML Investors Services
Massachusetts
$1.18M +$43.6K +774 +4%
AAS
18
Ameritas Advisory Services
Nebraska
$1.18M -$89.5K -1,588 -7%
BG
19
Benedetti & Gucer
Georgia
$1.13M – – –
William Blair & Company
20
William Blair & Company
Illinois
$1.08M +$3.66K +65 +0.3%
GT
21
Greenleaf Trust
Michigan
$1.05M – – –
CC
22
Courier Capital
New York
$963K -$25K -444 -2%
Commonwealth Equity Services
23
Commonwealth Equity Services
Massachusetts
$924K +$45.5K +807 +5%
PSF
24
Pacific Sun Financial
California
$744K – – –
ECG
25
Edge Capital Group
Georgia
$738K – – –
1
2 3

QDEF Hedge Fund Activity: Q3 2023 in Review

71 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in FlexShares Quality Dividend Defensive Index Fund (QDEF) for Q3 2023, worth a combined $248M — down 4.1% from $258M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new QDEF positions and 4 closed out — a net gain of 2 holders — while 19 added to existing stakes and 25 trimmed.

The largest buyer was Royal Bank of Canada, adding an estimated $1.45M. The largest seller was Bank of New York Mellon, cutting an estimated $2.26M.

  • 71 institutional investors held FlexShares Quality Dividend Defensive Index Fund (QDEF) as of Q3 2023, up from 69 in Q2 2023.
  • Funds reported $248M of FlexShares Quality Dividend Defensive Index Fund stock for Q3 2023, down 4.1% quarter-over-quarter.
  • 6 funds opened new FlexShares Quality Dividend Defensive Index Fund positions in Q3 2023 and 4 closed out, a net change of +2 holders.
  • The largest FlexShares Quality Dividend Defensive Index Fund buyer in Q3 2023 was Royal Bank of Canada, an estimated $1.45M added.
  • The largest FlexShares Quality Dividend Defensive Index Fund seller in Q3 2023 was Bank of New York Mellon, an estimated $2.26M sold.

Based on aggregated 13F filings for Q3 2023.