iShares MSCI USA Quality Factor ETF
QUAL
1,468 hedge funds and large institutions have $42.8B invested in iShares MSCI USA Quality Factor ETF in 2025 Q1 according to their latest regulatory filings, with 97 funds opening new positions, 701 increasing their positions, 469 reducing their positions, and 86 closing their positions.
251% more call options, than puts
Call options by funds: $3.9M | Put options by funds: $1.11M
49% more repeat investments, than reductions
Existing positions increased: 701 | Existing positions reduced: 469
13% more first-time investments, than exits
New positions opened: 97 | Existing positions closed: 86
0.45% more ownership
Funds ownership: 88.01% → 88.46% (+0.45%)
2% less capital invested
Capital invested by funds: $43.8B → $42.8B (-$931M)
1% less funds holding
Funds holding: 1,487 → 1,468 (-19)
4% less funds holding in top 10
Funds holding in top 10: 259 → 248 (-11)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$485M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
+$484M |
| 3 |
LPL Financial
San Diego,
California
|
+$236M |
| 4 |
Focus Partners Wealth
Boston,
Massachusetts
|
+$231M |
| 5 |
OWM
Orgel Wealth Management
Altoona,
Wisconsin
|
+$108M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
-$349M |
| 2 |
HI
Horizon Investments
Charlotte,
North Carolina
|
-$193M |
| 3 |
Bank of New York Mellon
New York
|
-$137M |
| 4 |
Envestnet Portfolio Solutions
Chicago,
Illinois
|
-$119M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$113M |
QUAL Hedge Fund Activity: Q1 2025 in Review
1,468 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI USA Quality Factor ETF (QUAL) for Q1 2025, worth a combined $42.8B — down 2.1% from $43.8B a quarter earlier.
Buyers outnumbered sellers: 97 funds opened new QUAL positions and 86 closed out — a net gain of 11 holders — while 701 added to existing stakes and 469 trimmed.
The largest buyer was Envestnet Asset Management, adding an estimated $485M. The largest seller was Caisse de Depot et Placement du Quebec (CDPQ), exiting entirely with an estimated $349M sold.
- 1,468 institutional investors held iShares MSCI USA Quality Factor ETF (QUAL) as of Q1 2025, down from 1,487 in Q4 2024.
- Funds reported $42.8B of iShares MSCI USA Quality Factor ETF stock for Q1 2025, down 2.1% quarter-over-quarter.
- 97 funds opened new iShares MSCI USA Quality Factor ETF positions in Q1 2025 and 86 closed out, a net change of +11 holders.
- The largest iShares MSCI USA Quality Factor ETF buyer in Q1 2025 was Envestnet Asset Management, an estimated $485M added.
- The largest iShares MSCI USA Quality Factor ETF seller in Q1 2025 was Caisse de Depot et Placement du Quebec (CDPQ), an estimated $349M sold.
Based on aggregated 13F filings for Q1 2025.