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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
JHCP
851
Jackson Hole Capital Partners
Oklahoma
$5K – – –
CA
852
Cornerstone Advisory
Maryland
$5K +$5.09K +36 New
FFG
853
Ford Financial Group
California
$4.55K -$405K -2,868 -8%
IPW
854
IronBridge Private Wealth
Texas
$4K – – –
FDCDDQ
855
Federation des caisses Desjardins du Quebec
Quebec, Canada
$3.2K +$3.11K +22 New
GAM
856
Gemmer Asset Management
California
$3K -$5.37K -38 -63%
AFS
857
Annapolis Financial Services
Maryland
$3K – – –
PA
858
PSI Advisors
Florida
$3K – – –
BBPWM
859
Blue Bell Private Wealth Management
Pennsylvania
$3K +$2.54K +18 New
CP
860
Castleview Partners
Texas
$1.77K +$36.5M +258,266 New
ACA
861
Aptus Capital Advisors
Alabama
$1K – – –
FMP
862
Financial Management Professionals
Texas
$1K – – –
FGAM
863
Financial Gravity Asset Management
Texas
$980 -$32.5K -230 -3%
BBHC
864
Brown Brothers Harriman & Co
New York
$40 – – –
WIM
865
Westside Investment Management
California
$40 – – –
QA
866
Quantitative Advantage
Minnesota
– -$31.3M -237,379 Closed
AIP
867
Almanack Investment Partners
Pennsylvania
– -$24.8M -188,481 Closed
TFA
868
Tobias Financial Advisors
Florida
– -$10.9M -82,876 Closed
GM
869
GeoWealth Management
Illinois
– -$7.68M -58,291 Closed
OWA
870
Outlook Wealth Advisors
Texas
– -$6.05M -45,930 Closed
GRP
871
Global Retirement Partners
California
– -$4.52M -34,332 Closed
WI
872
Wintrust Investments
Illinois
– -$3.15M -23,901 Closed
Jane Street
873
Jane Street
New York
– -$2.57M -18,172 Closed
YIH
874
Y-Intercept (HK)
Hong Kong
– -$1.27M -9,617 Closed
SG Americas Securities
875
SG Americas Securities
New York
– -$1.13M -8,555 Closed
33 34
35
36 37

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.