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iShares MSCI USA Quality Factor ETF
QUAL

916 hedge funds and large institutions have $22.9B invested in iShares MSCI USA Quality Factor ETF in 2023 Q1 according to their latest regulatory filings, with 169 funds opening new positions, 358 increasing their positions, 273 reducing their positions, and 54 closing their positions.

New
Increased
Maintained
Reduced
Closed

213% more first-time investments, than exits

New positions opened: 169 | Existing positions closed: 54

134% more call options, than puts

Call options by funds: $3.82M | Put options by funds: $1.63M

66% more capital invested

Capital invested by funds: $13.8B → $22.9B (+$9.1B)

52% more funds holding in top 10

Funds holding in top 10: 99 → 150 (+51)

31% more repeat investments, than reductions

Existing positions increased: 358 | Existing positions reduced: 273

11% more funds holding

Funds holding: 824 → 916 (+92)

9.27% more ownership

Funds ownership: 77.63% → 86.9% (+9.3%)

Holders
916
Holders Change
+92
Holders Change %
+11.17%
% of All Funds
14.6%
Holding in Top 10
150
Holding in Top 10 Change
+51
Holding in Top 10 Change %
+51.52%
% of All Funds
2.39%
New
169
Increased
358
Reduced
273
Closed
54
Calls
$3.82M
Puts
$1.63M
Net Calls
+$2.19M
Net Calls Change
+$7.71M

Top Buyers

Rank Fund Capital Flow
1
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$2.95B
2
BlackRock
BlackRock
New York
+$486M
3
LPL Financial
LPL Financial
California
+$468M
4
Carson Wealth (CWM LLC)
Carson Wealth (CWM LLC)
Nebraska
+$430M
5
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
+$405M

Top Sellers

Rank Fund Capital Flow
1
PCM
PAR Capital Management
Massachusetts
-$187M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$57.8M
3
ACM
Advisors Capital Management
New Jersey
-$45.4M
4
B
Barings
North Carolina
-$37.9M
5
AWS
AJ Wealth Strategies
New York
-$31.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
PFO
926
Pathstone Family Office
New Jersey
– -$684K -6,000 Closed
PJSIMP
927
P.J. Schmidt Investment Management (PJS)
Wisconsin
– -$630K -5,525 Closed
LFAS
928
Level Four Advisory Services
Texas
– -$578K -5,073 Closed
BBP
929
Banco BTG Pactual
Brazil
– -$570K -5,000 Closed
AWM
930
Aprio Wealth Management
Georgia
– -$417K -3,659 Closed
MPW
931
MGO Private Wealth
California
– -$359K -3,148 Closed
API
932
Advisor Partners II
California
– -$342K -3,000 Closed
IWA
933
IBEX Wealth Advisors
New Jersey
– -$288K -2,531 Closed
EFH
934
Eaton Financial Holdings
Florida
– -$275K -2,415 Closed
CL
935
COWA LLC
Oklahoma
– -$314K -2,413 Closed
WGCA
936
Wolf Group Capital Advisors
Virginia
– -$263K -2,306 Closed
FPCP
937
Fort Point Capital Partners
California
– -$255K -2,239 Closed
RCA
938
Resonant Capital Advisors
Wisconsin
– -$217K -1,907 Closed
GLA
939
Good Life Advisors
Pennsylvania
– -$209K -1,830 Closed
RIA
940
Realta Investment Advisors
Delaware
– -$197K -1,727 Closed
SFC
941
SYM Financial Corp
Indiana
– -$170K -1,494 Closed
CS
942
Credit Suisse
Switzerland
– -$165K -1,446 Closed
FA
943
Fiduciary Alliance
South Carolina
– -$163K -1,432 Closed
LS
944
Leelyn Smith
Illinois
– -$162K -1,421 Closed
AAMA
945
Advanced Asset Management Advisors
Ohio
– -$158K -1,383 Closed
FCA
946
Fortis Capital Advisors
Kansas
– -$119K -1,045 Closed
AF
947
Arrow Financial
New York
– -$101K -886 Closed
AWM
948
Activest Wealth Management
Florida
– -$100K -880 Closed
ZIG
949
Zullo Investment Group
Pennsylvania
– -$61.3K -538 Closed
TA
950
Tectonic Advisors
Texas
– -$55.8K -490 Closed
35 36 37
38
39

QUAL Hedge Fund Activity: Q1 2023 in Review

916 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI USA Quality Factor ETF (QUAL) for Q1 2023, worth a combined $22.9B — up 66% from $13.8B a quarter earlier.

Buyers outnumbered sellers: 169 funds opened new QUAL positions and 54 closed out — a net gain of 115 holders — while 358 added to existing stakes and 273 trimmed.

The largest buyer was Envestnet Asset Management, adding an estimated $2.95B. The largest seller was PAR Capital Management, exiting entirely with an estimated $187M sold.

  • 916 institutional investors held iShares MSCI USA Quality Factor ETF (QUAL) as of Q1 2023, up from 824 in Q4 2022.
  • Funds reported $22.9B of iShares MSCI USA Quality Factor ETF stock for Q1 2023, up 66% quarter-over-quarter.
  • 169 funds opened new iShares MSCI USA Quality Factor ETF positions in Q1 2023 and 54 closed out, a net change of +115 holders.
  • The largest iShares MSCI USA Quality Factor ETF buyer in Q1 2023 was Envestnet Asset Management, an estimated $2.95B added.
  • The largest iShares MSCI USA Quality Factor ETF seller in Q1 2023 was PAR Capital Management, an estimated $187M sold.

Based on aggregated 13F filings for Q1 2023.