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iShares MSCI USA Quality Factor ETF
QUAL

1,167 hedge funds and large institutions have $32.8B invested in iShares MSCI USA Quality Factor ETF in 2023 Q4 according to their latest regulatory filings, with 195 funds opening new positions, 508 increasing their positions, 353 reducing their positions, and 56 closing their positions.

New
Increased
Maintained
Reduced
Closed

248% more first-time investments, than exits

New positions opened: 195 | Existing positions closed: 56

50% more call options, than puts

Call options by funds: $4.93M | Put options by funds: $3.3M

44% more repeat investments, than reductions

Existing positions increased: 508 | Existing positions reduced: 353

21% more capital invested

Capital invested by funds: $27B → $32.8B (+$5.8B)

12% more funds holding in top 10

Funds holding in top 10: 185 → 208 (+23)

12% more funds holding

Funds holding: 1,045 → 1,167 (+122)

4.22% more ownership

Funds ownership: 86.96% → 91.18% (+4.2%)

Holders
1,167
Holders Change
+122
Holders Change %
+11.67%
% of All Funds
17.01%
Holding in Top 10
208
Holding in Top 10 Change
+23
Holding in Top 10 Change %
+12.43%
% of All Funds
3.03%
New
195
Increased
508
Reduced
353
Closed
56
Calls
$4.93M
Puts
$3.3M
Net Calls
+$1.63M
Net Calls Change
+$1.09M

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$1.21B
2
JP Morgan Chase
JP Morgan Chase
New York
+$216M
3
LPL Financial
LPL Financial
California
+$134M
4
Wells Fargo
Wells Fargo
California
+$124M
5
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
+$121M

Top Sellers

Rank Fund Capital Flow
1
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$227M
2
Osaic Holdings
Osaic Holdings
Arizona
-$170M
3
HI
Horizon Investments
North Carolina
-$96.8M
4
SC
Savant Capital
Illinois
-$73.6M
5
BlackRock
BlackRock
New York
-$50M
Name Holding Trade Value Shares
Change 		Change in
Stake
AL
976
Aspiriant LLC
California
$242K – – –
PI
977
PFG Investments
New York
$240K +$3.46K +25 +2%
FFWA
978
FRG Family Wealth Advisors
Washington
$239K +$225K +1,625 New
AO
979
Advisor OS
Illinois
$239K +$225K +1,624 New
SAM
980
Synergy Asset Management
Washington
$238K +$3.46K +25 +2%
CWS
981
Confluence Wealth Services
Pennsylvania
$238K – – –
RL
982
Rogco LP
Oklahoma
$238K – – –
LW
983
Linscomb Wealth
Texas
$237K – – –
RZH
984
Relyea Zuckerberg Hanson
Connecticut
$237K +$223K +1,611 New
IPWA
985
International Private Wealth Advisors
California
$237K +$223K +1,610 New
CA
986
Cambridge Advisors
Nebraska
$236K +$1.38K +10 +0.6%
IWS
987
Integrity Wealth Solutions
Colorado
$235K +$221K +1,600 New
GTAM
988
Global Trust Asset Management
Florida
$235K +$74.1K +535 +50%
OFS
989
OneAscent Financial Services
Alabama
$235K +$221K +1,598 New
GCP
990
GSA Capital Partners
United Kingdom
$233K +$219K +1,585 New
OCM
991
Orion Capital Management
California
$231K – – –
DIM
992
Delta Investment Management
California
$231K -$3.88K -28 -2%
SIAS
993
Summit Investment Advisory Services
Minnesota
$230K +$217K +1,566 New
BW
994
Bison Wealth
Georgia
$230K -$18K -130 -8%
OPWM
995
Oxinas Partners Wealth Management
Indiana
$230K -$65.3K -472 -23%
FRA
996
Frank Rimerman Advisors
California
$228K – – –
NCM
997
Northside Capital Management
Oregon
$227K +$831 +6 +0.4%
ACS
998
Archford Capital Strategies
Illinois
$227K – – –
CWM
999
Calamos Wealth Management
Illinois
$226K – – –
WMA
1000
Wealth Management Associates
New Jersey
$226K +$212K +1,534 New
38 39
40
41 42

QUAL Hedge Fund Activity: Q4 2023 in Review

1,167 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI USA Quality Factor ETF (QUAL) for Q4 2023, worth a combined $32.8B — up 21% from $27B a quarter earlier.

Buyers outnumbered sellers: 195 funds opened new QUAL positions and 56 closed out — a net gain of 139 holders — while 508 added to existing stakes and 353 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $1.21B. The largest seller was PNC Financial Services Group, cutting an estimated $227M.

  • 1,167 institutional investors held iShares MSCI USA Quality Factor ETF (QUAL) as of Q4 2023, up from 1,045 in Q3 2023.
  • Funds reported $32.8B of iShares MSCI USA Quality Factor ETF stock for Q4 2023, up 21% quarter-over-quarter.
  • 195 funds opened new iShares MSCI USA Quality Factor ETF positions in Q4 2023 and 56 closed out, a net change of +139 holders.
  • The largest iShares MSCI USA Quality Factor ETF buyer in Q4 2023 was Morgan Stanley, an estimated $1.21B added.
  • The largest iShares MSCI USA Quality Factor ETF seller in Q4 2023 was PNC Financial Services Group, an estimated $227M sold.

Based on aggregated 13F filings for Q4 2023.