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iShares MSCI USA Quality Factor ETF
QUAL

916 hedge funds and large institutions have $22.9B invested in iShares MSCI USA Quality Factor ETF in 2023 Q1 according to their latest regulatory filings, with 169 funds opening new positions, 358 increasing their positions, 273 reducing their positions, and 54 closing their positions.

New
Increased
Maintained
Reduced
Closed

213% more first-time investments, than exits

New positions opened: 169 | Existing positions closed: 54

134% more call options, than puts

Call options by funds: $3.82M | Put options by funds: $1.63M

66% more capital invested

Capital invested by funds: $13.8B → $22.9B (+$9.1B)

52% more funds holding in top 10

Funds holding in top 10: 99 → 150 (+51)

31% more repeat investments, than reductions

Existing positions increased: 358 | Existing positions reduced: 273

11% more funds holding

Funds holding: 824 → 916 (+92)

9.27% more ownership

Funds ownership: 77.63% → 86.9% (+9.3%)

Holders
916
Holders Change
+92
Holders Change %
+11.17%
% of All Funds
14.6%
Holding in Top 10
150
Holding in Top 10 Change
+51
Holding in Top 10 Change %
+51.52%
% of All Funds
2.39%
New
169
Increased
358
Reduced
273
Closed
54
Calls
$3.82M
Puts
$1.63M
Net Calls
+$2.19M
Net Calls Change
+$7.71M

Top Buyers

Rank Fund Capital Flow
1
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$2.95B
2
BlackRock
BlackRock
New York
+$486M
3
LPL Financial
LPL Financial
California
+$468M
4
Carson Wealth (CWM LLC)
Carson Wealth (CWM LLC)
Nebraska
+$430M
5
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
+$405M

Top Sellers

Rank Fund Capital Flow
1
PCM
PAR Capital Management
Massachusetts
-$187M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$57.8M
3
ACM
Advisors Capital Management
New Jersey
-$45.4M
4
B
Barings
North Carolina
-$37.9M
5
AWS
AJ Wealth Strategies
New York
-$31.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
VWA
726
V Wealth Advisors
Kansas
$292K -$3K -25 -1%
LSA
727
Lion Street Advisors
Texas
$292K +$282K +2,351 New
MG
728
Mather Group
Illinois
$292K -$131K -1,094 -32%
IF
729
Integrity Financial
Wyoming
$291K -$13.2K -110 -4%
DZ Bank
730
DZ Bank
Germany
$288K -$278K -2,315 -50%
MC
731
Moors & Cabot
Massachusetts
$284K +$50.3K +419 +22%
NCM
732
Northside Capital Management
Oregon
$283K +$840 +7 +0.3%
AFAS
733
Acorn Financial Advisory Services
Virginia
$283K +$274K +2,279 New
GG
734
Greenwood Gearhart
Arkansas
$282K -$89.7K -747 -25%
TCWM
735
Total Clarity Wealth Management
Illinois
$281K -$13.1K -109 -5%
CAG
736
Crestwood Advisors Group
Massachusetts
$279K -$456K -3,800 -63%
NAS
737
NWF Advisory Services
California
$279K +$249K +2,072 New
AW
738
Avion Wealth
Texas
$278K – – –
MIM
739
Marco Investment Management
Georgia
$272K – – –
CAM
740
Crestone Asset Management
Colorado
$271K – – –
LA
741
Latitude Advisors
Florida
$266K +$258K +2,148 New
IBOK
742
Independence Bank of Kentucky
Kentucky
$266K – – –
WAG
743
Windsor Advisory Group
Ohio
$265K – – –
JGIA
744
Jackson Grant Investment Advisers
Connecticut
$262K +$3.72K +31 +1%
SM
745
Sensible Money
Arizona
$260K – – –
DF
746
Donoghue Forlines
Massachusetts
$257K -$7.32K -61 -3%
CBFP
747
Cedar Brook Financial Partners
Ohio
$256K +$720 +6 +0.3%
FIM
748
Freedom Investment Management
Connecticut
$256K +$248K +2,064 New
Koshinski Asset Management
749
Koshinski Asset Management
Illinois
$255K -$120K -999 -33%
GPA
750
Guerra Pan Advisors
New Jersey
$254K – – –
28 29
30
31 32

QUAL Hedge Fund Activity: Q1 2023 in Review

916 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI USA Quality Factor ETF (QUAL) for Q1 2023, worth a combined $22.9B — up 66% from $13.8B a quarter earlier.

Buyers outnumbered sellers: 169 funds opened new QUAL positions and 54 closed out — a net gain of 115 holders — while 358 added to existing stakes and 273 trimmed.

The largest buyer was Envestnet Asset Management, adding an estimated $2.95B. The largest seller was PAR Capital Management, exiting entirely with an estimated $187M sold.

  • 916 institutional investors held iShares MSCI USA Quality Factor ETF (QUAL) as of Q1 2023, up from 824 in Q4 2022.
  • Funds reported $22.9B of iShares MSCI USA Quality Factor ETF stock for Q1 2023, up 66% quarter-over-quarter.
  • 169 funds opened new iShares MSCI USA Quality Factor ETF positions in Q1 2023 and 54 closed out, a net change of +115 holders.
  • The largest iShares MSCI USA Quality Factor ETF buyer in Q1 2023 was Envestnet Asset Management, an estimated $2.95B added.
  • The largest iShares MSCI USA Quality Factor ETF seller in Q1 2023 was PAR Capital Management, an estimated $187M sold.

Based on aggregated 13F filings for Q1 2023.