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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
BA
651
Bellwether Advisors
Nebraska
$312K +$37K +262 +14%
CA
652
Crumly & Associates
Illinois
$312K +$68.4K +484 +26%
DF
653
Donoghue Forlines
Massachusetts
$307K -$12K -85 -4%
CIA
654
Capital Investment Advisors
Georgia
$306K +$989 +7 +0.3%
TI
655
Trexquant Investment
Connecticut
$301K -$1.37M -9,662 -82%
JGIA
656
Jackson Grant Investment Advisers
Connecticut
$298K +$848 +6 +0.3%
GPA
657
Guerra Pan Advisors
New Jersey
$298K +$290K +2,050 New
DTC
658
Davidson Trust Company
Washington
$292K -$12.2K -86 -4%
ACM
659
AlphaStar Capital Management
North Carolina
$292K +$95.4K +675 +47%
PTC
660
Philadelphia Trust Company
Pennsylvania
$291K – – –
WP
661
WealthPLAN Partners
Nebraska
$290K -$848 -6 -0.3%
TCOV
662
Trust Company of Vermont
Vermont
$289K – – –
WIA
663
World Investment Advisors
California
$289K +$60.3K +427 +24%
VFA
664
Valeo Financial Advisors
Indiana
$288K -$26.6K -188 -9%
HA
665
HYA Advisors
Missouri
$286K – – –
SIA
666
Soltis Investment Advisors
Utah
$283K +$12.2K +86 +5%
IWA
667
Intercontinental Wealth Advisors
Texas
$282K – – –
SPAS
668
Spectrum Planning & Advisory Services
California
$281K -$141 -1 -0.1%
PAM
669
Palisade Asset Management
Minnesota
$278K -$32.9K -233 -11%
RIA
670
Regal Investment Advisors
Michigan
$278K +$270K +1,908 New
HWM
671
Hohimer Wealth Management
Washington
$276K +$268K +1,899 New
TLFA
672
True Link Financial Advisors
California
$275K +$16.5K +117 +7%
AL
673
Aspiriant LLC
California
$274K -$150K -1,058 -36%
DIA
674
Dana Investment Advisors
Wisconsin
$274K +$266K +1,880 New
MC
675
Moors & Cabot
Massachusetts
$272K +$49.5K +350 +23%
25 26
27
28 29

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.