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iShares MSCI USA Quality Factor ETF
QUAL

768 hedge funds and large institutions have $16.8B invested in iShares MSCI USA Quality Factor ETF in 2021 Q3 according to their latest regulatory filings, with 92 funds opening new positions, 337 increasing their positions, 216 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,465% more call options, than puts

Call options by funds: $27.8M | Put options by funds: $1.78M

217% more first-time investments, than exits

New positions opened: 92 | Existing positions closed: 29

56% more repeat investments, than reductions

Existing positions increased: 337 | Existing positions reduced: 216

10% more funds holding in top 10

Funds holding in top 10: 102 → 112 (+10)

7% more funds holding

Funds holding: 717 → 768 (+51)

4% more capital invested

Capital invested by funds: $16.2B → $16.8B (+$608M)

2.15% less ownership

Funds ownership: 74.9% → 72.75% (-2.1%)

Holders
768
Holders Change
+51
Holders Change %
+7.11%
% of All Funds
13.45%
Holding in Top 10
112
Holding in Top 10 Change
+10
Holding in Top 10 Change %
+9.8%
% of All Funds
1.96%
New
92
Increased
337
Reduced
216
Closed
29
Calls
$27.8M
Puts
$1.78M
Net Calls
+$26M
Net Calls Change
-$25.9M

Top Buyers

Rank Fund Capital Flow
1
SOMRS
State of Michigan Retirement System
Michigan
+$175M
2
B
Barings
North Carolina
+$92.7M
3
HI
Horizon Investments
North Carolina
+$89.6M
4
Morgan Stanley
Morgan Stanley
New York
+$76.9M
5
Stifel Financial
Stifel Financial
Missouri
+$71.2M

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$303M
2
AWM
AE Wealth Management
Kansas
-$57.8M
3
NAM
Nissay Asset Management
Japan
-$29.1M
4
BCI
Brinker Capital Investments
Pennsylvania
-$17.3M
5
RJA
Raymond James & Associates
Florida
-$14.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
JMPWA
51
JP Morgan Private Wealth Advisors
California
$49.3M +$29M +210,713 +129%
COF
52
Capital One Financial
Virginia
$49.2M -$2.49M -18,136 -5%
SC
53
Schoolcraft Capital
Colorado
$46.8M +$1.81M +13,138 +4%
CFFP
54
Center for Financial Planning
Michigan
$44M -$4.92M -35,781 -10%
WDL
55
Well Done LLC
Michigan
$43.6M -$34.9K -254 -0.1%
PPFA
56
Provida Pension Fund Administrator
Chile
$43.4M +$19.8M +143,780 +79%
HCA
57
Heck Capital Advisors
Wisconsin
$41.8M +$1.6M +11,630 +4%
EWM
58
Empirical Wealth Management
Washington
$41.4M +$3.42M +24,898 +9%
AWE
59
Avidian Wealth Enterprises
Texas
$41M +$29.9M +217,389 +231%
MML Investors Services
60
MML Investors Services
Massachusetts
$39.7M +$6.35M +46,171 +18%
PA
61
Pinnacle Associates
New York
$38.9M +$846K +6,155 +2%
AIC
62
Ameritas Investment Company
Nebraska
$38.7M +$40.3M +292,895 +35,289%
EH
63
Equitable Holdings
New York
$37.7M +$2.01M +14,651 +5%
HFS
64
Howard Financial Services
Texas
$37.6M +$3.42M +24,876 +10%
Franklin Resources
65
Franklin Resources
California
$36.4M +$1.75M +12,749 +5%
Two Sigma Advisers
66
Two Sigma Advisers
New York
$35.1M +$29.6M +214,900 +419%
CHP
67
Cable Hill Partners
Oregon
$35M +$6.24M +45,409 +21%
IDA
68
Intelligence Driven Advisers
California
$34.3M +$1.29M +9,390 +4%
RW
69
RVW Wealth
California
$34M +$717K +5,213 +2%
Fifth Third Bancorp
70
Fifth Third Bancorp
Ohio
$33.9M -$1.53M -11,161 -4%
TCM
71
TD Capital Management
Tennessee
$33.5M +$753K +5,473 +2%
SPIA
72
Steward Partners Investment Advisory
New York
$32.6M +$1.08M +7,824 +3%
SF
73
Synovus Financial
Georgia
$31.8M +$40.7K +296 +0.1%
Cambridge Investment Research Advisors
74
Cambridge Investment Research Advisors
Iowa
$31.7M +$2.74M +19,959 +9%
QA
75
Quantitative Advantage
Minnesota
$31.3M +$32.6M +237,379 New
1 2
3
4 5

QUAL Hedge Fund Activity: Q3 2021 in Review

768 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI USA Quality Factor ETF (QUAL) for Q3 2021, worth a combined $16.8B — up 3.7% from $16.2B a quarter earlier.

Buyers outnumbered sellers: 92 funds opened new QUAL positions and 29 closed out — a net gain of 63 holders — while 337 added to existing stakes and 216 trimmed.

The largest buyer was State of Michigan Retirement System, adding an estimated $175M. The largest seller was Wells Fargo, cutting an estimated $303M.

  • 768 institutional investors held iShares MSCI USA Quality Factor ETF (QUAL) as of Q3 2021, up from 717 in Q2 2021.
  • Funds reported $16.8B of iShares MSCI USA Quality Factor ETF stock for Q3 2021, up 3.7% quarter-over-quarter.
  • 92 funds opened new iShares MSCI USA Quality Factor ETF positions in Q3 2021 and 29 closed out, a net change of +63 holders.
  • The largest iShares MSCI USA Quality Factor ETF buyer in Q3 2021 was State of Michigan Retirement System, an estimated $175M added.
  • The largest iShares MSCI USA Quality Factor ETF seller in Q3 2021 was Wells Fargo, an estimated $303M sold.

Based on aggregated 13F filings for Q3 2021.