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iShares MSCI USA Quality Factor ETF

388 hedge funds and large institutions have $8.53B invested in iShares MSCI USA Quality Factor ETF in 2019 Q3 according to their latest regulatory filings, with 66 funds opening new positions, 188 increasing their positions, 89 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

136% more first-time investments, than exits

New positions opened: 66 | Existing positions closed: 28

111% more repeat investments, than reductions

Existing positions increased: 188 | Existing positions reduced: 89

15% more capital invested

Capital invested by funds: $7.45B → $8.53B (+$1.08B)

10% more funds holding

Funds holding: 353388 (+35)

2% more funds holding in top 10

Funds holding in top 10: 5960 (+1)

1.54% more ownership

Funds ownership: 70.39%71.93% (+1.5%)

Holders
388
Holders Change
+35
Holders Change %
+9.92%
% of All Funds
8.51%
Holding in Top 10
60
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+1.69%
% of All Funds
1.32%
New
66
Increased
188
Reduced
89
Closed
28
Calls
$18.4M
Puts
Net Calls
+$18.4M
Net Calls Change
-$26.1M
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of America
1
Bank of America
North Carolina
$831M +$40.7M +442,110 +5%
LPL Financial
2
LPL Financial
California
$660M +$617M +6,708,820 +1,555%
Fidelity Investments
3
Fidelity Investments
Massachusetts
$600M +$93.7M +1,018,261 +19%
BlackRock
4
BlackRock
New York
$582M +$95.5M +1,038,157 +20%
PNC Financial Services Group
5
PNC Financial Services Group
Pennsylvania
$421M -$29.6M -322,117 -7%
Ameriprise
6
Ameriprise
Minnesota
$315M +$2.5M +27,160 +0.8%
Envestnet Asset Management
7
Envestnet Asset Management
Illinois
$291M +$12M +130,797 +4%
KeyBank National Association
8
KeyBank National Association
Ohio
$286M +$72.3M +786,567 +34%
UBS Group
9
UBS Group
Switzerland
$265M +$28.8M +313,363 +12%
RBA
10
Richard Bernstein Advisors
New York
$221M -$6.77M -73,621 -3%
M&T Bank
11
M&T Bank
New York
$218M -$43.8M -476,478 -17%
Morgan Stanley
12
Morgan Stanley
New York
$206M +$13.8M +150,242 +7%
AF
13
Allworth Financial
California
$202M +$15.9M +172,476 +9%
Wells Fargo
14
Wells Fargo
California
$186M -$4M -43,480 -2%
Carson Wealth (CWM LLC)
15
Carson Wealth (CWM LLC)
Nebraska
$177M
HI
16
Horizon Investments
North Carolina
$152M -$51.3M -557,706 -25%
JPG
17
Jordan Park Group
California
$145M +$16.3M +177,201 +13%
Royal Bank of Canada
18
Royal Bank of Canada
Ontario, Canada
$130M +$29.9M +324,629 +30%
Victory Capital Management
19
Victory Capital Management
Texas
$114M +$26.5M +288,424 +31%
CPO
20
Cerity Partners OCIO
New York
$98.2M +$5.88M +63,947 +6%
Mercer Global Advisors
21
Mercer Global Advisors
Colorado
$94.8M +$21.8M +237,371 +30%
WBG
22
Wharton Business Group
Pennsylvania
$90.1M +$134K +1,460 +0.1%
USAA
23
United Services Automobile Association
Texas
$86.9M -$32.2M -349,830 -27%
PI
24
PFS Investments
Georgia
$86.6M -$28.5M -309,744 -25%
DT
25
Diversified Trust
Tennessee
$75.6M +$1.07M +11,594 +1%

QUAL Hedge Fund Activity: Q3 2019 in Review

388 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI USA Quality Factor ETF (QUAL) for Q3 2019, worth a combined $8.53B — up 15% from $7.45B a quarter earlier.

Buyers outnumbered sellers: 66 funds opened new QUAL positions and 28 closed out — a net gain of 38 holders — while 188 added to existing stakes and 89 trimmed.

The largest buyer was LPL Financial, adding an estimated $617M. The largest seller was Horizon Investments, cutting an estimated $51.3M.

  • 388 institutional investors held iShares MSCI USA Quality Factor ETF (QUAL) as of Q3 2019, up from 353 in Q2 2019.
  • Funds reported $8.53B of iShares MSCI USA Quality Factor ETF stock for Q3 2019, up 15% quarter-over-quarter.
  • 66 funds opened new iShares MSCI USA Quality Factor ETF positions in Q3 2019 and 28 closed out, a net change of +38 holders.
  • The largest iShares MSCI USA Quality Factor ETF buyer in Q3 2019 was LPL Financial, an estimated $617M added.
  • The largest iShares MSCI USA Quality Factor ETF seller in Q3 2019 was Horizon Investments, an estimated $51.3M sold.

Based on aggregated 13F filings for Q3 2019.