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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
TFGT
801
TS Financial Group (TSFG)
Illinois
$40K -$1.41K -10 -3%
WB
802
West Bancorporation
Iowa
$38K +$37.3K +264 New
RFA
803
Reilly Financial Advisors
California
$36K +$34.9K +247 New
SQA
804
Simon Quick Advisors
New Jersey
$33K – – –
JWA
805
JFS Wealth Advisors
Pennsylvania
$33K +$20.9K +148 +183%
PAI
806
Pittenger & Anderson Inc
Nebraska
$32K – – –
WWMSC
807
Wagner Wealth Management (South Carolina)
South Carolina
$32K +$141 +1 +0.5%
TH
808
TCTC Holdings
Texas
$31K – – –
FWP
809
FAS Wealth Partners
Kansas
$30K – – –
SMFG
810
Sumitomo Mitsui Financial Group
Japan
$29K -$44.9K -318 -61%
CBT
811
CoreFirst Bank & Trust
Kansas
$29K – – –
AWM
812
Accel Wealth Management
Iowa
$29K +$28K +198 New
CTB
813
Country Trust Bank
Illinois
$24K – – –
GWSG
814
GPS Wealth Strategies Group
Colorado
$24K – – –
MBFW
815
Morton Brown Family Wealth
Pennsylvania
$24K +$23.3K +165 New
MSFP
816
Mark Sheptoff Financial Planning
Connecticut
$24K +$23.5K +166 New
ZB
817
Zions Bancorporation
Utah
$24K +$23.6K +167 New
TCWA
818
Ten Capital Wealth Advisors
Washington
$23K – – –
RCM
819
Raleigh Capital Management
North Carolina
$23K +$21.9K +155 New
MAM
820
Meeder Asset Management
Ohio
$22K -$1.84K -13 -8%
HWA
821
HHM Wealth Advisors
Tennessee
$20K – – –
FAG
822
Fortitude Advisory Group
Washington
$20K +$19.8K +140 New
CFN
823
Cordasco Financial Network
Florida
$19K – – –
HI
824
Hudock Inc
Pennsylvania
$18K +$10.2K +72 +131%
AA
825
Ancora Advisors
Ohio
$17K – – –
31 32
33
34 35

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.