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iShares MSCI USA Quality Factor ETF
QUAL

1,167 hedge funds and large institutions have $32.8B invested in iShares MSCI USA Quality Factor ETF in 2023 Q4 according to their latest regulatory filings, with 195 funds opening new positions, 508 increasing their positions, 353 reducing their positions, and 56 closing their positions.

New
Increased
Maintained
Reduced
Closed

248% more first-time investments, than exits

New positions opened: 195 | Existing positions closed: 56

50% more call options, than puts

Call options by funds: $4.93M | Put options by funds: $3.3M

44% more repeat investments, than reductions

Existing positions increased: 508 | Existing positions reduced: 353

21% more capital invested

Capital invested by funds: $27B → $32.8B (+$5.8B)

12% more funds holding in top 10

Funds holding in top 10: 185 → 208 (+23)

12% more funds holding

Funds holding: 1,045 → 1,167 (+122)

4.22% more ownership

Funds ownership: 86.96% → 91.18% (+4.2%)

Holders
1,167
Holders Change
+122
Holders Change %
+11.67%
% of All Funds
17.01%
Holding in Top 10
208
Holding in Top 10 Change
+23
Holding in Top 10 Change %
+12.43%
% of All Funds
3.03%
New
195
Increased
508
Reduced
353
Closed
56
Calls
$4.93M
Puts
$3.3M
Net Calls
+$1.63M
Net Calls Change
+$1.09M

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$1.21B
2
JP Morgan Chase
JP Morgan Chase
New York
+$216M
3
LPL Financial
LPL Financial
California
+$134M
4
Wells Fargo
Wells Fargo
California
+$124M
5
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
+$121M

Top Sellers

Rank Fund Capital Flow
1
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$227M
2
Osaic Holdings
Osaic Holdings
Arizona
-$170M
3
HI
Horizon Investments
North Carolina
-$96.8M
4
SC
Savant Capital
Illinois
-$73.6M
5
BlackRock
BlackRock
New York
-$50M
Name Holding Trade Value Shares
Change 		Change in
Stake
TFM
476
Trademark Financial Management
Minnesota
$2.92M +$2.74M +19,822 New
VWM
477
Venturi Wealth Management
Texas
$2.88M -$161K -1,160 -6%
MOS
478
MGO One Seven
Ohio
$2.88M -$246K -1,774 -8%
GM
479
GeoWealth Management
Illinois
$2.88M +$1.91M +13,789 +239%
MFA
480
Millington Financial Advisors
Illinois
$2.86M +$41K +296 +2%
QC
481
Quent Capital
New York
$2.83M +$694K +5,014 +35%
TCA
482
Transcend Capital Advisors
New Jersey
$2.8M +$252K +1,821 +11%
CA
483
Clearstead Advisors
Ohio
$2.79M -$2.62M -18,903 -50%
TCM
484
Triumph Capital Management
Colorado
$2.79M +$1.15M +8,299 +78%
Russell Investments Group
485
Russell Investments Group
United Kingdom
$2.77M +$554 +4 +0%
Bank of Montreal
486
Bank of Montreal
Ontario, Canada
$2.75M +$160K +1,158 +7%
CGA
487
Crescent Grove Advisors
Illinois
$2.74M -$192K -1,389 -7%
TFO
488
Tarbox Family Office
California
$2.73M +$13K +94 +0.5%
Renaissance Technologies
489
Renaissance Technologies
New York
$2.72M +$2.56M +18,500 New
GT
490
Greenleaf Trust
Michigan
$2.71M -$692K -5,000 -21%
VPP
491
Vertex Planning Partners
Illinois
$2.7M +$113K +814 +5%
BWM
492
Bulltick Wealth Management
Florida
$2.7M +$200K +1,442 +9%
JEST
493
JTC Employer Solutions Trustee
Jersey
$2.68M – – –
FCFC
494
First Citizens Financial Corp
Iowa
$2.68M +$263K +1,900 +12%
FPW
495
Flagship Private Wealth
Massachusetts
$2.64M +$408K +2,946 +20%
VWWMG
496
Vermillion & White Wealth Management Group
Pennsylvania
$2.64M +$2.27M +16,367 New
CAM
497
Concorde Asset Management
Michigan
$2.63M +$624K +4,504 +32%
SW
498
Signify Wealth
Missouri
$2.6M +$836K +6,041 +52%
PCMC
499
Private Capital Management (Colorado)
Colorado
$2.55M +$219K +1,580 +10%
BWM
500
BlackDiamond Wealth Management
New York
$2.54M -$615K -4,441 -21%
18 19
20
21 22

QUAL Hedge Fund Activity: Q4 2023 in Review

1,167 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI USA Quality Factor ETF (QUAL) for Q4 2023, worth a combined $32.8B — up 21% from $27B a quarter earlier.

Buyers outnumbered sellers: 195 funds opened new QUAL positions and 56 closed out — a net gain of 139 holders — while 508 added to existing stakes and 353 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $1.21B. The largest seller was PNC Financial Services Group, cutting an estimated $227M.

  • 1,167 institutional investors held iShares MSCI USA Quality Factor ETF (QUAL) as of Q4 2023, up from 1,045 in Q3 2023.
  • Funds reported $32.8B of iShares MSCI USA Quality Factor ETF stock for Q4 2023, up 21% quarter-over-quarter.
  • 195 funds opened new iShares MSCI USA Quality Factor ETF positions in Q4 2023 and 56 closed out, a net change of +139 holders.
  • The largest iShares MSCI USA Quality Factor ETF buyer in Q4 2023 was Morgan Stanley, an estimated $1.21B added.
  • The largest iShares MSCI USA Quality Factor ETF seller in Q4 2023 was PNC Financial Services Group, an estimated $227M sold.

Based on aggregated 13F filings for Q4 2023.