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iShares MSCI USA Quality Factor ETF
QUAL

1,487 hedge funds and large institutions have $43.8B invested in iShares MSCI USA Quality Factor ETF in 2024 Q4 according to their latest regulatory filings, with 209 funds opening new positions, 642 increasing their positions, 446 reducing their positions, and 66 closing their positions.

New
Increased
Maintained
Reduced
Closed

217% more first-time investments, than exits

New positions opened: 209 | Existing positions closed: 66

215% more call options, than puts

Call options by funds: $4.15M | Put options by funds: $1.32M

44% more repeat investments, than reductions

Existing positions increased: 642 | Existing positions reduced: 446

11% more funds holding in top 10

Funds holding in top 10: 233 → 259 (+26)

9% more funds holding

Funds holding: 1,369 → 1,487 (+118)

1.85% more ownership

Funds ownership: 86.16% → 88.01% (+1.8%)

3% more capital invested

Capital invested by funds: $42.7B → $43.8B (+$1.09B)

Holders
1,487
Holders Change
+118
Holders Change %
+8.62%
% of All Funds
19.59%
Holding in Top 10
259
Holding in Top 10 Change
+26
Holding in Top 10 Change %
+11.16%
% of All Funds
3.41%
New
209
Increased
642
Reduced
446
Closed
66
Calls
$4.15M
Puts
$1.32M
Net Calls
+$2.83M
Net Calls Change
+$841K

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$389M
2
Caisse de Depot et Placement du Quebec (CDPQ)
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
+$356M
3
JP Morgan Chase
JP Morgan Chase
New York
+$152M
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$108M
5
Focus Partners Wealth
Focus Partners Wealth
Massachusetts
+$105M

Top Sellers

Rank Fund Capital Flow
1
HI
Horizon Investments
North Carolina
-$247M
2
BL
Balentine LLC
Georgia
-$120M
3
Bank of New York Mellon
Bank of New York Mellon
New York
-$86M
4
Mercer Global Advisors
Mercer Global Advisors
Colorado
-$85.7M
5
3AM
3EDGE Asset Management
Florida
-$72.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
WA
1076
Win Advisors
Florida
$427K +$435K +2,395 New
LWM
1077
Lodestone Wealth Management
Washington
$426K – – –
GAM
1078
Gemmer Asset Management
California
$425K – – –
FB
1079
Fulton Bank
Pennsylvania
$424K – – –
WCM
1080
Winebrenner Capital Management
Kentucky
$424K +$432K +2,381 New
TCOV
1081
Trust Company of Vermont
Vermont
$422K -$12.4K -68 -3%
IBOK
1082
Independence Bank of Kentucky
Kentucky
$422K +$40.3K +222 +10%
FMWA
1083
Forvis Mazars Wealth Advisors
Missouri
$417K +$8.72K +48 +2%
EB
1084
Exchange Bank
California
$415K +$26.9K +148 +7%
EP
1085
Edgestream Partners
New Jersey
$414K -$395K -2,174 -48%
LWL
1086
Leo Wealth LLC
Texas
$413K – – –
FFA
1087
Florida Financial Advisors
Florida
$412K +$12K +66 +3%
HOWA
1088
Heritage Oak Wealth Advisors
Florida
$411K +$419K +2,308 New
MNA
1089
Manning & Napier Advisors
New York
$410K +$20.2K +111 +5%
FWM
1090
Fairhaven Wealth Management
Illinois
$408K – – –
BPWM
1091
Badgley Phelps Wealth Managers
Washington
$407K -$40K -220 -9%
MG
1092
Marex Group
$405K – – –
CA
1093
CapWealth Advisors
Tennessee
$404K – – –
RAS
1094
RPS Advisory Solutions
Kentucky
$402K – – –
ADL
1095
Asset Dedication LLC
California
$402K -$4.36K -24 -1%
AIM
1096
Advyzon Investment Management
Illinois
$396K +$404K +2,226 New
Neuberger Berman Group
1097
Neuberger Berman Group
New York
$393K +$111K +610 +38%
TWM
1098
TCFG Wealth Management
California
$393K +$6.72K +37 +2%
CFG
1099
Citizens Financial Group
Rhode Island
$390K +$2K +11 +0.5%
KFI
1100
Key Financial Inc
Pennsylvania
$388K +$29.8K +164 +8%
42 43
44
45 46

QUAL Hedge Fund Activity: Q4 2024 in Review

1,487 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI USA Quality Factor ETF (QUAL) for Q4 2024, worth a combined $43.8B — up 2.5% from $42.7B a quarter earlier.

Buyers outnumbered sellers: 209 funds opened new QUAL positions and 66 closed out — a net gain of 143 holders — while 642 added to existing stakes and 446 trimmed.

The largest buyer was LPL Financial, adding an estimated $389M. The largest seller was Horizon Investments, cutting an estimated $247M.

  • 1,487 institutional investors held iShares MSCI USA Quality Factor ETF (QUAL) as of Q4 2024, up from 1,369 in Q3 2024.
  • Funds reported $43.8B of iShares MSCI USA Quality Factor ETF stock for Q4 2024, up 2.5% quarter-over-quarter.
  • 209 funds opened new iShares MSCI USA Quality Factor ETF positions in Q4 2024 and 66 closed out, a net change of +143 holders.
  • The largest iShares MSCI USA Quality Factor ETF buyer in Q4 2024 was LPL Financial, an estimated $389M added.
  • The largest iShares MSCI USA Quality Factor ETF seller in Q4 2024 was Horizon Investments, an estimated $247M sold.

Based on aggregated 13F filings for Q4 2024.