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iShares MSCI USA Quality Factor ETF
QUAL

184 hedge funds and large institutions have $2.67B invested in iShares MSCI USA Quality Factor ETF in 2017 Q4 according to their latest regulatory filings, with 55 funds opening new positions, 65 increasing their positions, 45 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

400% more first-time investments, than exits

New positions opened: 55 | Existing positions closed: 11

44% more repeat investments, than reductions

Existing positions increased: 65 | Existing positions reduced: 45

31% more funds holding

Funds holding: 140 → 184 (+44)

19% more capital invested

Capital invested by funds: $2.25B → $2.67B (+$427M)

17% more funds holding in top 10

Funds holding in top 10: 18 → 21 (+3)

2.85% more ownership

Funds ownership: 59.25% → 62.1% (+2.8%)

Holders
184
Holders Change
+44
Holders Change %
+31.43%
% of All Funds
4.17%
Holding in Top 10
21
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+16.67%
% of All Funds
0.48%
New
55
Increased
65
Reduced
45
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$52M
2
Wells Fargo
Wells Fargo
California
+$45.1M
3
AA
ALPS Advisors
Colorado
+$41.9M
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$19.1M
5
UBS Group
UBS Group
Switzerland
+$18.3M

Top Sellers

Rank Fund Capital Flow
1
USAA
United Services Automobile Association
Texas
-$16.8M
2
Jane Street
Jane Street
New York
-$10.2M
3
HI
Horizon Investments
North Carolina
-$4.2M
4
Bank of America
Bank of America
North Carolina
-$3.7M
5
Morgan Stanley
Morgan Stanley
New York
-$2.07M
Name Holding Trade Value Shares
Change 		Change in
Stake
OWM
101
Orgel Wealth Management
Wisconsin
$1.09M +$756K +9,376 +249%
IWC
102
Integrated Wealth Concepts
Massachusetts
$1.08M +$1.03M +12,732 New
VIM
103
Vista Investment Management
Pennsylvania
$1.04M +$1.01M +12,559 New
HC
104
Henshaw Capital
Massachusetts
$912K – – –
TRCT
105
Tower Research Capital (TRC)
New York
$862K +$839K +10,404 New
Manulife (Manufacturers Life Insurance)
106
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$853K +$338K +4,188 +69%
PAG
107
Private Advisor Group
New Jersey
$843K +$69.7K +865 +9%
JG
108
Jefferies Group
New York
$820K -$23.5K -291 -3%
FA
109
FMA Advisory
Pennsylvania
$816K +$61.3K +761 +8%
OC
110
Oppenheimer & Co
New York
$799K +$246K +3,050 +46%
Brown Advisory
111
Brown Advisory
Maryland
$757K – – –
Fidelity Investments
112
Fidelity Investments
Massachusetts
$732K +$147K +1,827 +26%
Northwestern Mutual Wealth Management
113
Northwestern Mutual Wealth Management
Wisconsin
$731K -$55.6K -690 -7%
PS
114
Portfolio Strategies
New York
$712K +$693K +8,593 New
DRS
115
Deane Retirement Strategies
Louisiana
$693K – – –
FHA
116
Flagship Harbor Advisors
Massachusetts
$628K +$116K +1,443 +24%
SG Americas Securities
117
SG Americas Securities
New York
$619K +$602K +7,467 New
WS
118
Wedbush Securities
California
$604K +$1.29K +16 +0.2%
Mariner
119
Mariner
Kansas
$600K +$584K +7,242 New
ASN
120
Advisory Services Network
Georgia
$599K +$327K +4,058 +128%
MSA
121
Marino Stram & Associates
Massachusetts
$582K +$566K +7,021 New
CWM
122
Cabot Wealth Management
Massachusetts
$576K -$56.4K -700 -9%
WLIM
123
White Lighthouse Investment Management
Massachusetts
$513K +$499K +6,184 New
PAI
124
Pittenger & Anderson Inc
Nebraska
$490K +$22.7K +282 +5%
EVM
125
Eaton Vance Management
Massachusetts
$430K +$22.2K +275 +6%
3 4
5
6 7

QUAL Hedge Fund Activity: Q4 2017 in Review

184 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI USA Quality Factor ETF (QUAL) for Q4 2017, worth a combined $2.67B — up 19% from $2.25B a quarter earlier.

Buyers outnumbered sellers: 55 funds opened new QUAL positions and 11 closed out — a net gain of 44 holders — while 65 added to existing stakes and 45 trimmed.

The largest buyer was BlackRock, adding an estimated $52M. The largest seller was United Services Automobile Association, cutting an estimated $16.8M.

  • 184 institutional investors held iShares MSCI USA Quality Factor ETF (QUAL) as of Q4 2017, up from 140 in Q3 2017.
  • Funds reported $2.67B of iShares MSCI USA Quality Factor ETF stock for Q4 2017, up 19% quarter-over-quarter.
  • 55 funds opened new iShares MSCI USA Quality Factor ETF positions in Q4 2017 and 11 closed out, a net change of +44 holders.
  • The largest iShares MSCI USA Quality Factor ETF buyer in Q4 2017 was BlackRock, an estimated $52M added.
  • The largest iShares MSCI USA Quality Factor ETF seller in Q4 2017 was United Services Automobile Association, an estimated $16.8M sold.

Based on aggregated 13F filings for Q4 2017.