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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
CAM
701
Concorde Asset Management
Michigan
$236K +$848 +6 +0.4%
BWP
702
Baldwin Wealth Partners
Massachusetts
$235K – – –
CI
703
CX Institutional
Indiana
$232K -$95.1K -673 -30%
LW
704
Linscomb Wealth
Texas
$229K – – –
ACS
705
Archford Capital Strategies
Illinois
$226K -$35.3K -250 -14%
MCM
706
Murphy Capital Management
New Jersey
$226K +$220K +1,555 New
FRA
707
Frank Rimerman Advisors
California
$226K – – –
CAM
708
Cidel Asset Management
Ontario, Canada
$225K – – –
V
709
Veritable
Delaware
$224K +$707 +5 +0.3%
LA
710
LVW Advisors
New York
$223K -$11K -78 -5%
CL
711
CPWM LLC
Washington
$223K – – –
LA
712
Legacy Advisors
Pennsylvania
$223K +$217K +1,534 New
IF
713
Integrity Financial
Wyoming
$221K +$215K +1,521 New
HNB
714
Huntington National Bank
Ohio
$220K – – –
BEAM
715
Baker Ellis Asset Management
Washington
$218K +$212K +1,500 New
SFC
716
SYM Financial Corp
Indiana
$217K -$57.8K -409 -21%
RFC
717
Regions Financial Corp
Alabama
$217K +$211K +1,494 New
CPIG
718
Chicago Partners Investment Group
Illinois
$215K – – –
BCM
719
BTR Capital Management
California
$213K +$207K +1,463 New
CWM
720
Consultiva Wealth Management
Puerto Rico
$212K – – –
PFO
721
Pathstone Family Office
New Jersey
$212K +$206K +1,455 New
QC
722
Quent Capital
New York
$211K +$205K +1,450 New
CPW
723
Catalyst Private Wealth
California
$210K +$204K +1,443 New
WMA
724
Wealth Management Associates
New Jersey
$209K +$203K +1,434 New
IRC
725
Investors Research Corp
Georgia
$208K +$52.4K +371 +35%
27 28
29
30 31

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.