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iShares MSCI USA Quality Factor ETF

1,502 hedge funds and large institutions have $46.4B invested in iShares MSCI USA Quality Factor ETF in 2025 Q2 according to their latest regulatory filings, with 139 funds opening new positions, 657 increasing their positions, 496 reducing their positions, and 81 closing their positions.

New
Increased
Maintained
Reduced
Closed

72% more first-time investments, than exits

New positions opened: 139 | Existing positions closed: 81

32% more repeat investments, than reductions

Existing positions increased: 657 | Existing positions reduced: 496

29% more call options, than puts

Call options by funds: $3.27M | Put options by funds: $2.54M

8% more capital invested

Capital invested by funds: $42.8B → $46.4B (+$3.52B)

2% more funds holding

Funds holding: 1,4681,502 (+34)

0.74% more ownership

Funds ownership: 88.46%89.2% (+0.74%)

5% less funds holding in top 10

Funds holding in top 10: 248235 (-13)

Holders
1,502
Holders Change
+34
Holders Change %
+2.32%
% of All Funds
19.78%
Holding in Top 10
235
Holding in Top 10 Change
-13
Holding in Top 10 Change %
-5.24%
% of All Funds
3.09%
New
139
Increased
657
Reduced
496
Closed
81
Calls
$3.27M
Puts
$2.54M
Net Calls
+$731K
Net Calls Change
-$2.06M
Name Holding Trade Value Shares
Change
Change in
Stake
Raymond James Financial
26
Raymond James Financial
Florida
$362M +$1.68M +9,729 +0.5%
Royal Bank of Canada
27
Royal Bank of Canada
Ontario, Canada
$332M -$3.81M -22,085 -1%
Stifel Financial
28
Stifel Financial
Missouri
$325M +$3.08M +17,827 +1%
Charles Schwab
29
Charles Schwab
California
$306M +$289M +1,673,633 New
HTC
30
Haverford Trust Company
Pennsylvania
$295M +$15.1M +87,302 +6%
Bank of New York Mellon
31
Bank of New York Mellon
New York
$291M +$36.5M +211,222 +15%
Janney Montgomery Scott
32
Janney Montgomery Scott
Pennsylvania
$287M +$3.43M +19,878 +1%
SCM
33
SCS Capital Management
Massachusetts
$283M +$57.7M +334,490 +28%
KIM
34
Kestra Investment Management
Texas
$278M +$135M +782,445 +99%
HighTower Advisors
35
HighTower Advisors
Illinois
$245M -$16.2M -93,660 -7%
Mercer Global Advisors
36
Mercer Global Advisors
Colorado
$230M -$5.84M -33,831 -3%
Osaic Holdings
37
Osaic Holdings
Arizona
$223M -$16.9M -97,751 -7%
WBG
38
Wharton Business Group
Pennsylvania
$221M -$6.88M -39,845 -3%
NA
39
NewEdge Advisors
Louisiana
$215M +$8.13M +47,085 +4%
MMA
40
Miracle Mile Advisors
California
$210M -$17.6M -102,048 -8%
IWC
41
Integrated Wealth Concepts
Massachusetts
$202M -$1.26M -7,326 -0.7%
OIA
42
OneDigital Investment Advisors
Kansas
$202M -$9.18M -53,186 -5%
CWM
43
Connecticut Wealth Management
Connecticut
$194M -$6.79M -39,345 -4%
Two Sigma Investments
44
Two Sigma Investments
New York
$177M +$63.2M +366,300 +61%
EWM
45
Empirical Wealth Management
Washington
$174M -$8.22M -47,643 -5%
SA
46
Sanctuary Advisors
Indiana
$174M +$8.97M +51,952 +6%
FIA
47
Foundations Investment Advisors
Arizona
$156M +$17.6M +102,231 +14%
JC
48
JB Capital
Connecticut
$150M +$7.42M +43,017 +6%
SFG
49
SNS Financial Group
Minnesota
$142M +$3.5M +20,271 +3%
SF
50
Synovus Financial
Georgia
$135M +$5.13M +29,726 +4%

QUAL Hedge Fund Activity: Q2 2025 in Review

1,502 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI USA Quality Factor ETF (QUAL) for Q2 2025, worth a combined $46.4B — up 8.2% from $42.8B a quarter earlier.

Buyers outnumbered sellers: 139 funds opened new QUAL positions and 81 closed out — a net gain of 58 holders — while 657 added to existing stakes and 496 trimmed.

The largest buyer was Gallagher Fiduciary Advisors, adding an estimated $425M. The largest seller was BNP Paribas Financial Markets, cutting an estimated $467M.

  • 1,502 institutional investors held iShares MSCI USA Quality Factor ETF (QUAL) as of Q2 2025, up from 1,468 in Q1 2025.
  • Funds reported $46.4B of iShares MSCI USA Quality Factor ETF stock for Q2 2025, up 8.2% quarter-over-quarter.
  • 139 funds opened new iShares MSCI USA Quality Factor ETF positions in Q2 2025 and 81 closed out, a net change of +58 holders.
  • The largest iShares MSCI USA Quality Factor ETF buyer in Q2 2025 was Gallagher Fiduciary Advisors, an estimated $425M added.
  • The largest iShares MSCI USA Quality Factor ETF seller in Q2 2025 was BNP Paribas Financial Markets, an estimated $467M sold.

Based on aggregated 13F filings for Q2 2025.