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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
BCA
676
Biltmore Capital Advisors
New Jersey
$271K +$263K +1,863 New
TVAMP
677
Tennessee Valley Asset Management Partners
Tennessee
$266K -$435K -3,076 -63%
IAA
678
Independent Advisor Alliance
North Carolina
$265K -$10.6K -75 -4%
FMWA
679
Forvis Mazars Wealth Advisors
Missouri
$256K +$9.75K +69 +4%
BHTS
680
Bar Harbor Trust Services
Maine
$255K – – –
CRC
681
Curi RMB Capital
Illinois
$254K +$10.7K +76 +5%
FCM
682
Firestone Capital Management
Florida
$254K +$62.5K +442 +34%
LTI
683
Laffer Tengler Investments
Tennessee
$253K – – –
NA
684
Nottingham Advisors
New York
$253K – – –
GIA
685
Goodwin Investment Advisory
Georgia
$252K – – –
OPCM
686
Osborne Partners Capital Management
California
$250K – – –
LS
687
Leelyn Smith
Illinois
$250K +$283 +2 +0.1%
GSIS
688
Global Strategic Investment Solutions
Arizona
$249K +$1.41K +10 +0.6%
FLPIM
689
F.L. Putnam Investment Management
Massachusetts
$246K -$62.2K -440 -21%
FWM
690
Frontier Wealth Management
Missouri
$246K – – –
GLA
691
Good Life Advisors
Pennsylvania
$245K -$149K -1,056 -39%
EWP
692
Engrave Wealth Partners
Texas
$245K – – –
KFC
693
Klingenstein Fields & Co
New York
$241K – – –
DC
694
Davenport & Co
Virginia
$241K +$234K +1,653 New
CA
695
Cambridge Advisors
Nebraska
$240K -$424 -3 -0.2%
MGIA
696
Moneta Group Investment Advisors
Missouri
$240K +$233K +1,649 New
IC
697
IEQ Capital
California
$238K – – –
CWM
698
C2C Wealth Management
Arizona
$238K +$231K +1,636 New
MFG
699
Magnus Financial Group
New York
$238K +$231K +1,637 New
KPWS
700
Kestra Private Wealth Services
Texas
$237K -$4.24K -30 -2%
26 27
28
29 30

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.