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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
CBT
776
Central Bank & Trust
Kentucky
$76K +$74.1K +524 New
RIM
777
Rockbridge Investment Management
New York
$75K +$1.55K +11 +2%
TA
778
Tectonic Advisors
Texas
$71K – – –
CFO
779
CVA Family Office
Colorado
$68K +$43.1K +305 +189%
AAP
780
Arax Advisory Partners
Colorado
$63K +$1.98K +14 +3%
AWM
781
AllSquare Wealth Management
New York
$62K – – –
CHA
782
Carmichael Hill & Associates
Maryland
$61K – – –
CFB
783
Cullen/Frost Bankers
Texas
$61K – – –
S
784
SignatureFD
Georgia
$59K – – –
MA
785
MUFG Americas
New York
$59K +$2.4K +17 +4%
CCM
786
Covington Capital Management
California
$55K – – –
Kayne Anderson Rudnick Investment Management
787
Kayne Anderson Rudnick Investment Management
California
$55K – – –
BWL
788
Bogart Wealth LLC
Virginia
$54K – – –
KTC
789
Kistler-Tiffany Companies
Pennsylvania
$53K – – –
FPS
790
Fieldpoint Private Securities
Connecticut
$51K – – –
AIC
791
Archer Investment Corporation
Indiana
$50.7K – – –
PFA
792
Professional Financial Advisors
Nebraska
$50K +$141 +1 +0.3%
COCM
793
Charter Oak Capital Management
New Hampshire
$50K +$32.4K +229 +203%
SN
794
Sittner & Nelson
Oregon
$48K – – –
TAM
795
Tucker Asset Management
Colorado
$47.3K – – –
JFA
796
JNBA Financial Advisors
Minnesota
$47K – – –
SCA
797
Stonebridge Capital Advisors
Minnesota
$46K +$22.8K +161 +106%
IAS
798
IMA Advisory Services
Colorado
$45K +$27.3K +193 +162%
LF
799
Lee Financial
Texas
$44K +$141 +1 +0.3%
LC
800
Lindbrook Capital
California
$43K +$42K +297 New
30 31
32
33 34

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.