iShares MSCI USA Quality Factor ETF
QUAL
1,648 hedge funds and large institutions have $40.2B invested in iShares MSCI USA Quality Factor ETF in 2026 Q1 according to their latest regulatory filings, with 126 funds opening new positions, 626 increasing their positions, 634 reducing their positions, and 77 closing their positions.
64% more first-time investments, than exits
New positions opened: 126 | Existing positions closed: 77
1.58% more ownership
Funds ownership: 85.51% → 87.09% (+1.6%)
1% more funds holding
Funds holding: 1,628 → 1,648 (+20)
1% less repeat investments, than reductions
Existing positions increased: 626 | Existing positions reduced: 634
2% less capital invested
Capital invested by funds: $40.9B → $40.2B (-$713M)
6% less funds holding in top 10
Funds holding in top 10: 184 → 173 (-11)
93% less call options, than puts
Call options by funds: $2.95M | Put options by funds: $40.3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GFA
Gallagher Fiduciary Advisors
Rolling Meadows,
Illinois
|
+$518M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$473M |
| 3 |
RBA
Richard Bernstein Advisors
New York
|
+$357M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$294M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$208M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$140M |
| 2 |
Corient Private Wealth
Miami,
Florida
|
-$138M |
| 3 |
MML Investors Services
Springfield,
Massachusetts
|
-$86.8M |
| 4 |
FFA
Fragasso Financial Advisors
Sewickley,
Pennsylvania
|
-$86.6M |
| 5 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
-$71.5M |
QUAL Hedge Fund Activity: Q1 2026 in Review
1,648 of the 8,172 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI USA Quality Factor ETF (QUAL) for Q1 2026, worth a combined $40.2B — down 1.7% from $40.9B a quarter earlier.
Buyers outnumbered sellers: 126 funds opened new QUAL positions and 77 closed out — a net gain of 49 holders — while 626 added to existing stakes and 634 trimmed.
The largest buyer was Gallagher Fiduciary Advisors, adding an estimated $518M. The largest seller was Goldman Sachs, cutting an estimated $140M.
- 1,648 institutional investors held iShares MSCI USA Quality Factor ETF (QUAL) as of Q1 2026, up from 1,628 in Q4 2025.
- Funds reported $40.2B of iShares MSCI USA Quality Factor ETF stock for Q1 2026, down 1.7% quarter-over-quarter.
- 126 funds opened new iShares MSCI USA Quality Factor ETF positions in Q1 2026 and 77 closed out, a net change of +49 holders.
- The largest iShares MSCI USA Quality Factor ETF buyer in Q1 2026 was Gallagher Fiduciary Advisors, an estimated $518M added.
- The largest iShares MSCI USA Quality Factor ETF seller in Q1 2026 was Goldman Sachs, an estimated $140M sold.
Based on aggregated 13F filings for Q1 2026.