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iShares MSCI USA Quality Factor ETF
QUAL

865 hedge funds and large institutions have $19.4B invested in iShares MSCI USA Quality Factor ETF in 2021 Q4 according to their latest regulatory filings, with 159 funds opening new positions, 360 increasing their positions, 220 reducing their positions, and 47 closing their positions.

New
Increased
Maintained
Reduced
Closed

304% more call options, than puts

Call options by funds: $4.05M | Put options by funds: $1M

238% more first-time investments, than exits

New positions opened: 159 | Existing positions closed: 47

64% more repeat investments, than reductions

Existing positions increased: 360 | Existing positions reduced: 220

16% more capital invested

Capital invested by funds: $16.8B → $19.4B (+$2.62B)

13% more funds holding

Funds holding: 768 → 865 (+97)

6% more funds holding in top 10

Funds holding in top 10: 112 → 119 (+7)

3.72% more ownership

Funds ownership: 72.75% → 76.47% (+3.7%)

Holders
865
Holders Change
+97
Holders Change %
+12.63%
% of All Funds
13.31%
Holding in Top 10
119
Holding in Top 10 Change
+7
Holding in Top 10 Change %
+6.25%
% of All Funds
1.83%
New
159
Increased
360
Reduced
220
Closed
47
Calls
$4.05M
Puts
$1M
Net Calls
+$3.05M
Net Calls Change
-$23M

Top Buyers

Rank Fund Capital Flow
1
MWM
Merriman Wealth Management
Washington
+$113M
2
AWM
AE Wealth Management
Kansas
+$80.5M
3
CAM
Cresset Asset Management
Illinois
+$79.8M
4
Fidelity Investments
Fidelity Investments
Massachusetts
+$67.9M
5
Osaic Holdings
Osaic Holdings
Arizona
+$52.5M

Top Sellers

Rank Fund Capital Flow
1
SOMRS
State of Michigan Retirement System
Michigan
-$169M
2
HI
Horizon Investments
North Carolina
-$95.2M
3
PI
PFS Investments
Georgia
-$56.3M
4
B
Barings
North Carolina
-$48.8M
5
QA
Quantitative Advantage
Minnesota
-$31.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
SIC
551
Salem Investment Counselors
North Carolina
$599K +$10K +71 +2%
IA
552
IFG Advisory
Georgia
$596K +$8.48K +60 +1%
GIM
553
Goelzer Investment Management
Indiana
$594K +$576K +4,078 New
TW
554
TrinityPoint Wealth
Connecticut
$590K +$53.4K +378 +10%
CA
555
Continuum Advisory
Idaho
$588K -$30.7K -217 -5%
SXL
556
Summit X LLC
Missouri
$587K -$12.3K -87 -2%
DS
557
Dudley & Shanley
Florida
$584K – – –
ANTB
558
AMG National Trust Bank
Colorado
$582K – – –
PCIA
559
Prime Capital Investment Advisors
Kansas
$578K +$561K +3,968 New
BOPW
560
Brandywine Oak Private Wealth
Pennsylvania
$575K +$4.95K +35 +0.9%
PPA
561
Parametric Portfolio Associates
Washington
$570K -$268K -1,896 -33%
SAM
562
Secure Asset Management
Michigan
$562K +$546K +3,863 New
FDCC
563
Foster Dykema Cabot & Co
Massachusetts
$560K -$2.54K -18 -0.5%
LWM
564
Laidlaw Wealth Management
New York
$557K -$19.4K -137 -3%
STB
565
S&T Bank
Pennsylvania
$556K – – –
BS
566
Boenning & Scattergood
Pennsylvania
$550K +$12K +85 +2%
HCM
567
Highview Capital Management
Illinois
$550K +$534K +3,778 New
PPP
568
Private Portfolio Partners
New Jersey
$545K +$5.23K +37 +1%
T
569
TCWP
Ohio
$540K +$525K +3,713 New
AIC
570
Ayalon Insurance Company
Israel
$539K – – –
CBFP
571
Cedar Brook Financial Partners
Ohio
$534K +$248K +1,756 +92%
DCM
572
Donaldson Capital Management
Indiana
$528K +$14.7K +104 +3%
EWM
573
EPG Wealth Management
Georgia
$524K +$156K +1,102 +44%
SFA
574
Sequoia Financial Advisors
Ohio
$523K +$508K +3,596 New
HS
575
Horan Securities
United States
$517K +$502K +3,552 New
21 22
23
24 25

QUAL Hedge Fund Activity: Q4 2021 in Review

865 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI USA Quality Factor ETF (QUAL) for Q4 2021, worth a combined $19.4B — up 16% from $16.8B a quarter earlier.

Buyers outnumbered sellers: 159 funds opened new QUAL positions and 47 closed out — a net gain of 112 holders — while 360 added to existing stakes and 220 trimmed.

The largest buyer was Merriman Wealth Management, adding an estimated $113M. The largest seller was State of Michigan Retirement System, cutting an estimated $169M.

  • 865 institutional investors held iShares MSCI USA Quality Factor ETF (QUAL) as of Q4 2021, up from 768 in Q3 2021.
  • Funds reported $19.4B of iShares MSCI USA Quality Factor ETF stock for Q4 2021, up 16% quarter-over-quarter.
  • 159 funds opened new iShares MSCI USA Quality Factor ETF positions in Q4 2021 and 47 closed out, a net change of +112 holders.
  • The largest iShares MSCI USA Quality Factor ETF buyer in Q4 2021 was Merriman Wealth Management, an estimated $113M added.
  • The largest iShares MSCI USA Quality Factor ETF seller in Q4 2021 was State of Michigan Retirement System, an estimated $169M sold.

Based on aggregated 13F filings for Q4 2021.