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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
KFI
826
Key Financial Inc
Pennsylvania
$17K – – –
CSB
827
City State Bank
Iowa
$17K +$16.1K +114 New
CWM
828
Curi Wealth Management
North Carolina
$16K +$16.4K +116 New
ADL
829
Asset Dedication LLC
California
$15K – – –
PFBT
830
Parkside Financial Bank & Trust
Missouri
$15K – – –
CAL
831
Capital Analysts LLC
Pennsylvania
$12K – – –
JWM
832
Janiczek Wealth Management
Colorado
$11K – – –
ACM
833
Absolute Capital Management
Pennsylvania
$10.5K +$10.2K +72 New
MP
834
McDonald Partners
Ohio
$10.5K +$10.2K +72 New
CTC
835
Central Trust Company
Missouri
$10K – – –
DSC
836
Duncker Streett & Co
Missouri
$10K – – –
RAM
837
Riggs Asset Management
Pennsylvania
$10K – – –
FRA
838
Front Row Advisors
California
$9K – – –
PCG
839
Private Capital Group
Connecticut
$9K – – –
SL
840
Savior LLC
Massachusetts
$9K – – –
FA
841
Faithward Advisors
Pennsylvania
$9K +$8.48K +60 New
KSWA
842
Kathleen S. Wright Associates
Pennsylvania
$9K +$8.48K +60 New
SBL
843
Sargent Bickham Lagudis
Colorado
$9K +$8.76K +62 New
BHWM
844
Beaird Harris Wealth Management
Texas
$9K +$9.04K +64 New
EWM
845
Edge Wealth Management
New York
$8K – – –
VNA
846
Valley National Advisers
Pennsylvania
$8K – – –
EW
847
Element Wealth
Mississippi
$7K – – –
TAM
848
Townsend Asset Management
North Carolina
$7K – – –
AF
849
Arrow Financial
New York
$6K – – –
KFS
850
Kelly Financial Services
Massachusetts
$5.43K – – –
32 33
34
35 36

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.