iShares MSCI USA Quality Factor ETF
QUAL
1,502 hedge funds and large institutions have $46.4B invested in iShares MSCI USA Quality Factor ETF in 2025 Q2 according to their latest regulatory filings, with 139 funds opening new positions, 657 increasing their positions, 496 reducing their positions, and 81 closing their positions.
72% more first-time investments, than exits
New positions opened: 139 | Existing positions closed: 81
32% more repeat investments, than reductions
Existing positions increased: 657 | Existing positions reduced: 496
29% more call options, than puts
Call options by funds: $3.27M | Put options by funds: $2.54M
8% more capital invested
Capital invested by funds: $42.8B → $46.4B (+$3.52B)
2% more funds holding
Funds holding: 1,468 → 1,502 (+34)
0.74% more ownership
Funds ownership: 88.46% → 89.2% (+0.74%)
5% less funds holding in top 10
Funds holding in top 10: 248 → 235 (-13)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GFA
Gallagher Fiduciary Advisors
Rolling Meadows,
Illinois
|
+$425M |
| 2 |
SC
Soundwatch Capital
Rowayton,
Connecticut
|
+$420M |
| 3 |
Charles Schwab
San Francisco,
California
|
+$289M |
| 4 |
LPL Financial
San Diego,
California
|
+$221M |
| 5 |
OWM
Orgel Wealth Management
Altoona,
Wisconsin
|
+$185M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BNP Paribas Financial Markets
Paris,
France
|
-$467M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$146M |
| 3 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$81.6M |
| 4 |
KeyBank National Association
Cleveland,
Ohio
|
-$65.7M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$56.9M |
QUAL Hedge Fund Activity: Q2 2025 in Review
1,502 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI USA Quality Factor ETF (QUAL) for Q2 2025, worth a combined $46.4B — up 8.2% from $42.8B a quarter earlier.
Buyers outnumbered sellers: 139 funds opened new QUAL positions and 81 closed out — a net gain of 58 holders — while 657 added to existing stakes and 496 trimmed.
The largest buyer was Gallagher Fiduciary Advisors, adding an estimated $425M. The largest seller was BNP Paribas Financial Markets, cutting an estimated $467M.
- 1,502 institutional investors held iShares MSCI USA Quality Factor ETF (QUAL) as of Q2 2025, up from 1,468 in Q1 2025.
- Funds reported $46.4B of iShares MSCI USA Quality Factor ETF stock for Q2 2025, up 8.2% quarter-over-quarter.
- 139 funds opened new iShares MSCI USA Quality Factor ETF positions in Q2 2025 and 81 closed out, a net change of +58 holders.
- The largest iShares MSCI USA Quality Factor ETF buyer in Q2 2025 was Gallagher Fiduciary Advisors, an estimated $425M added.
- The largest iShares MSCI USA Quality Factor ETF seller in Q2 2025 was BNP Paribas Financial Markets, an estimated $467M sold.
Based on aggregated 13F filings for Q2 2025.