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iShares MSCI USA Quality Factor ETF
QUAL

1,005 hedge funds and large institutions have $28.3B invested in iShares MSCI USA Quality Factor ETF in 2023 Q2 according to their latest regulatory filings, with 135 funds opening new positions, 449 increasing their positions, 298 reducing their positions, and 43 closing their positions.

New
Increased
Maintained
Reduced
Closed

214% more first-time investments, than exits

New positions opened: 135 | Existing positions closed: 43

64% more call options, than puts

Call options by funds: $5.31M | Put options by funds: $3.24M

51% more repeat investments, than reductions

Existing positions increased: 449 | Existing positions reduced: 298

24% more capital invested

Capital invested by funds: $22.9B → $28.3B (+$5.43B)

20% more funds holding in top 10

Funds holding in top 10: 150 → 180 (+30)

10% more funds holding

Funds holding: 916 → 1,005 (+89)

2.37% more ownership

Funds ownership: 86.9% → 89.27% (+2.4%)

Holders
1,005
Holders Change
+89
Holders Change %
+9.72%
% of All Funds
15.78%
Holding in Top 10
180
Holding in Top 10 Change
+30
Holding in Top 10 Change %
+20%
% of All Funds
2.83%
New
135
Increased
449
Reduced
298
Closed
43
Calls
$5.31M
Puts
$3.24M
Net Calls
+$2.07M
Net Calls Change
-$119K

Top Buyers

Rank Fund Capital Flow
1
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
+$824M
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$607M
3
Cerity Partners
Cerity Partners
New York
+$261M
4
Ameriprise
Ameriprise
Minnesota
+$121M
5
Fidelity Investments
Fidelity Investments
Massachusetts
+$110M

Top Sellers

Rank Fund Capital Flow
1
Mercer Global Advisors
Mercer Global Advisors
Colorado
-$137M
2
SW
SVB Wealth
Massachusetts
-$50.4M
3
AIA
Angeles Investment Advisors
California
-$44.7M
4
BlackRock
BlackRock
New York
-$40.8M
5
NAM
Nissay Asset Management
Japan
-$32.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
YIH
801
Y-Intercept (HK)
Hong Kong
$298K -$746K -5,867 -73%
MIM
802
Marco Investment Management
Georgia
$296K – – –
IBOK
803
Independence Bank of Kentucky
Kentucky
$289K – – –
JGIA
804
Jackson Grant Investment Advisers
Connecticut
$286K +$763 +6 +0.3%
FWM
805
Fairhaven Wealth Management
Illinois
$284K +$268K +2,104 New
LA
806
Latitude Advisors
Florida
$284K -$5.6K -44 -2%
KA
807
Kovack Advisors
Florida
$283K +$267K +2,100 New
SM
808
Sensible Money
Arizona
$283K – – –
PFT
809
Providence First Trust
Arizona
$281K +$265K +2,080 New
NAS
810
NWF Advisory Services
California
$279K – – –
W
811
Wealthquest
Ohio
$275K -$53.9K -424 -17%
PP
812
Prosperity Planning
Missouri
$274K +$18.1K +142 +8%
Fayez Sarofim & Co
813
Fayez Sarofim & Co
Texas
$274K +$258K +2,029 New
HTHT
814
Hemenway Trust Hemenway Trust
New Hampshire
$271K +$33.1K +260 +15%
CIA
815
Cape Investment Advisory
Georgia
$270K +$26.5K +208 +12%
IAA
816
Ironsides Asset Advisors
North Carolina
$270K – – –
OPWM
817
Oxinas Partners Wealth Management
Indiana
$268K -$7.76K -61 -3%
CS
818
Credit Suisse
Switzerland
$268K +$252K +1,985 New
WPP
819
Whalerock Point Partners
Rhode Island
$266K +$251K +1,975 New
TCOV
820
Trust Company of Vermont
Vermont
$265K – – –
CAM
821
Crestone Asset Management
Colorado
$264K -$28.4K -223 -10%
MA
822
Montag & Associates
Georgia
$263K – – –
CW
823
Connectus Wealth
Ohio
$262K +$247K +1,942 New
TA
824
TKG Advisors
Indiana
$261K +$247K +1,938 New
OWA
825
Octavia Wealth Advisors
Ohio
$261K +$2.04K +16 +0.8%
31 32
33
34 35

QUAL Hedge Fund Activity: Q2 2023 in Review

1,005 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI USA Quality Factor ETF (QUAL) for Q2 2023, worth a combined $28.3B — up 24% from $22.9B a quarter earlier.

Buyers outnumbered sellers: 135 funds opened new QUAL positions and 43 closed out — a net gain of 92 holders — while 449 added to existing stakes and 298 trimmed.

The largest buyer was PNC Financial Services Group, adding an estimated $824M. The largest seller was Mercer Global Advisors, cutting an estimated $137M.

  • 1,005 institutional investors held iShares MSCI USA Quality Factor ETF (QUAL) as of Q2 2023, up from 916 in Q1 2023.
  • Funds reported $28.3B of iShares MSCI USA Quality Factor ETF stock for Q2 2023, up 24% quarter-over-quarter.
  • 135 funds opened new iShares MSCI USA Quality Factor ETF positions in Q2 2023 and 43 closed out, a net change of +92 holders.
  • The largest iShares MSCI USA Quality Factor ETF buyer in Q2 2023 was PNC Financial Services Group, an estimated $824M added.
  • The largest iShares MSCI USA Quality Factor ETF seller in Q2 2023 was Mercer Global Advisors, an estimated $137M sold.

Based on aggregated 13F filings for Q2 2023.