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iShares MSCI USA Quality Factor ETF
QUAL

120 hedge funds and large institutions have $1.51B invested in iShares MSCI USA Quality Factor ETF in 2016 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 52 increasing their positions, 39 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

111% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 9

33% more repeat investments, than reductions

Existing positions increased: 52 | Existing positions reduced: 39

8% more capital invested

Capital invested by funds: $1.39B → $1.51B (+$114M)

7% more funds holding

Funds holding: 112 → 120 (+8)

6% more funds holding in top 10

Funds holding in top 10: 18 → 19 (+1)

4.61% less ownership

Funds ownership: 48.67% → 44.06% (-4.6%)

Holders
120
Holders Change
+8
Holders Change %
+7.14%
% of All Funds
3%
Holding in Top 10
19
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+5.56%
% of All Funds
0.47%
New
19
Increased
52
Reduced
39
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
+$178M
2
Bank of America
Bank of America
North Carolina
+$42.1M
3
PC
Permanens Capital
New York
+$21.1M
4
UBS Group
UBS Group
Switzerland
+$20.1M
5
AWE
Avidian Wealth Enterprises
Texas
+$14.3M

Top Sellers

Rank Fund Capital Flow
1
Bank of New York Mellon
Bank of New York Mellon
New York
-$59.1M
2
BCI
Brinker Capital Investments
Pennsylvania
-$56.8M
3
Morgan Stanley
Morgan Stanley
New York
-$54.2M
4
AC
Allstate Corporation
Illinois
-$28.2M
5
Wells Fargo
Wells Fargo
California
-$14.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
HCP
76
Holt Capital Partners
Texas
$752K +$39K +575 +6%
BRWA
77
B. Riley Wealth Advisors
Florida
$747K +$101K +1,486 +16%
GT
78
Glenmede Trust
Pennsylvania
$698K – – –
Brown Advisory
79
Brown Advisory
Maryland
$695K – – –
ATC
80
Argent Trust Co
Tennessee
$671K +$30.3K +447 +5%
FAAS
81
First Allied Advisory Services
California
$667K +$8K +118 +1%
Millennium Management
82
Millennium Management
New York
$636K +$194K +2,857 +45%
FLPIM
83
F.L. Putnam Investment Management
Massachusetts
$576K -$990K -14,608 -64%
SI
84
SII Investments
Wisconsin
$572K – – –
PAG
85
Private Advisor Group
New Jersey
$557K +$108K +1,597 +25%
Northwestern Mutual Wealth Management
86
Northwestern Mutual Wealth Management
Wisconsin
$522K +$512K +7,549 New
Bank of Montreal
87
Bank of Montreal
Ontario, Canada
$502K +$486K +7,175 +3,588%
HWP
88
Hefty Wealth Partners
Indiana
$494K -$3.32K -49 -0.7%
GS
89
Girard Securities
California
$479K +$184K +2,716 +64%
RJFSA
90
Raymond James Financial Services Advisors
Florida
$465K +$456K +6,723 New
RJA
91
Raymond James & Associates
Florida
$458K +$450K +6,632 New
Manulife (Manufacturers Life Insurance)
92
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$422K -$23.9K -353 -5%
SIM
93
Sigma Investment Management
Oregon
$415K -$67.3K -993 -14%
MC
94
Moors & Cabot
Massachusetts
$394K -$84.9K -1,252 -18%
Goldman Sachs
95
Goldman Sachs
New York
$384K +$376K +5,552 New
Northern Trust
96
Northern Trust
Illinois
$345K -$50.7K -748 -13%
BTW
97
Boston Trust Walden
Massachusetts
$327K +$321K +4,727 New
WS
98
Wedbush Securities
California
$301K +$71.6K +1,056 +32%
FEG
99
Financial Enhancement Group
Indiana
$290K +$7.19K +106 +3%
JIC
100
Johnson Investment Counsel
Ohio
$276K +$271K +4,000 New
2 3
4
5 6

QUAL Hedge Fund Activity: Q4 2016 in Review

120 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI USA Quality Factor ETF (QUAL) for Q4 2016, worth a combined $1.51B — up 8.2% from $1.39B a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new QUAL positions and 9 closed out — a net gain of 10 holders — while 52 added to existing stakes and 39 trimmed.

The largest buyer was PNC Financial Services Group, adding an estimated $178M. The largest seller was Bank of New York Mellon, cutting an estimated $59.1M.

  • 120 institutional investors held iShares MSCI USA Quality Factor ETF (QUAL) as of Q4 2016, up from 112 in Q3 2016.
  • Funds reported $1.51B of iShares MSCI USA Quality Factor ETF stock for Q4 2016, up 8.2% quarter-over-quarter.
  • 19 funds opened new iShares MSCI USA Quality Factor ETF positions in Q4 2016 and 9 closed out, a net change of +10 holders.
  • The largest iShares MSCI USA Quality Factor ETF buyer in Q4 2016 was PNC Financial Services Group, an estimated $178M added.
  • The largest iShares MSCI USA Quality Factor ETF seller in Q4 2016 was Bank of New York Mellon, an estimated $59.1M sold.

Based on aggregated 13F filings for Q4 2016.