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iShares MSCI USA Quality Factor ETF
QUAL

708 hedge funds and large institutions have $16.4B invested in iShares MSCI USA Quality Factor ETF in 2020 Q4 according to their latest regulatory filings, with 178 funds opening new positions, 253 increasing their positions, 197 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

8,436% more call options, than puts

Call options by funds: $25.8M | Put options by funds: $302K

514% more first-time investments, than exits

New positions opened: 178 | Existing positions closed: 29

28% more repeat investments, than reductions

Existing positions increased: 253 | Existing positions reduced: 197

25% more funds holding

Funds holding: 568 → 708 (+140)

18% more funds holding in top 10

Funds holding in top 10: 98 → 116 (+18)

11% more capital invested

Capital invested by funds: $14.9B → $16.4B (+$1.58B)

0.79% less ownership

Funds ownership: 76.46% → 75.67% (-0.79%)

Holders
708
Holders Change
+140
Holders Change %
+24.65%
% of All Funds
12.53%
Holding in Top 10
116
Holding in Top 10 Change
+18
Holding in Top 10 Change %
+18.37%
% of All Funds
2.05%
New
178
Increased
253
Reduced
197
Closed
29
Calls
$25.8M
Puts
$302K
Net Calls
+$25.5M
Net Calls Change
+$3.37M

Top Buyers

1
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$88.1M
2
PI
PFS Investments
Georgia
+$76.1M
3
Goldman Sachs
Goldman Sachs
New York
+$64.1M
4
HighTower Advisors
HighTower Advisors
Illinois
+$38.6M
5
Ameriprise
Ameriprise
Minnesota
+$37M

Top Sellers

1
JP Morgan Chase
JP Morgan Chase
New York
-$378M
2
JPG
Jordan Park Group
California
-$218M
3
AF
Allworth Financial
California
-$108M
4
SEIA
Signature Estate & Investment Advisors
California
-$51.5M
5
EMPI
Elo Mutual Pension Insurance
Finland
-$49.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
1
Bank of America
North Carolina
$1.61B -$9.99M -90,744 -0.7%
Wells Fargo
2
Wells Fargo
California
$1.5B -$6.14M -55,798 -0.4%
Fidelity Investments
3
Fidelity Investments
Massachusetts
$1.32B -$123K -1,120 -0%
LPL Financial
4
LPL Financial
California
$1.03B -$8.77M -79,659 -0.9%
Ameriprise
5
Ameriprise
Minnesota
$844M +$37M +336,253 +5%
Envestnet Asset Management
6
Envestnet Asset Management
Illinois
$558M +$88.1M +799,862 +20%
BlackRock
7
BlackRock
New York
$551M +$2.86M +25,935 +0.6%
Morgan Stanley
8
Morgan Stanley
New York
$546M +$32.8M +297,581 +7%
RBA
9
Richard Bernstein Advisors
New York
$517M +$23.9M +217,234 +5%
KeyBank National Association
10
KeyBank National Association
Ohio
$502M -$3.56M -32,318 -0.7%
UBS Group
11
UBS Group
Switzerland
$433M +$6.65M +60,434 +2%
M&T Bank
12
M&T Bank
New York
$347M +$670K +6,082 +0.2%
Mercer Global Advisors
13
Mercer Global Advisors
Colorado
$318M +$15.8M +143,407 +6%
PNC Financial Services Group
14
PNC Financial Services Group
Pennsylvania
$305M -$10.6M -96,307 -4%
CWM
15
Connecticut Wealth Management
Connecticut
$179M -$9.81M -89,075 -5%
Carson Wealth (CWM LLC)
16
Carson Wealth (CWM LLC)
Nebraska
$177M – – –
Royal Bank of Canada
17
Royal Bank of Canada
Ontario, Canada
$169M +$35.2M +319,762 +28%
CPO
18
Cerity Partners OCIO
New York
$133M +$4.32M +39,208 +4%
CCWA
19
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$132M +$16.9M +153,040 +16%
AF
20
Allworth Financial
California
$128M -$108M -982,394 -47%
Victory Capital Management
21
Victory Capital Management
Texas
$127M -$22M -199,370 -15%
USAA
22
United Services Automobile Association
Texas
$127M – – –
WBG
23
Wharton Business Group
Pennsylvania
$124M -$1.63M -14,765 -1%
Osaic Holdings
24
Osaic Holdings
Arizona
$118M +$25.5M +231,889 +30%
Commonwealth Equity Services
25
Commonwealth Equity Services
Massachusetts
$114M -$2.87M -26,092 -3%
1
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QUAL Hedge Fund Activity: Q4 2020 in Review

708 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI USA Quality Factor ETF (QUAL) for Q4 2020, worth a combined $16.4B — up 11% from $14.9B a quarter earlier.

Buyers outnumbered sellers: 178 funds opened new QUAL positions and 29 closed out — a net gain of 149 holders — while 253 added to existing stakes and 197 trimmed.

The largest buyer was Envestnet Asset Management, adding an estimated $88.1M. The largest seller was JP Morgan Chase, cutting an estimated $378M.

  • 708 institutional investors held iShares MSCI USA Quality Factor ETF (QUAL) as of Q4 2020, up from 568 in Q3 2020.
  • Funds reported $16.4B of iShares MSCI USA Quality Factor ETF stock for Q4 2020, up 11% quarter-over-quarter.
  • 178 funds opened new iShares MSCI USA Quality Factor ETF positions in Q4 2020 and 29 closed out, a net change of +149 holders.
  • The largest iShares MSCI USA Quality Factor ETF buyer in Q4 2020 was Envestnet Asset Management, an estimated $88.1M added.
  • The largest iShares MSCI USA Quality Factor ETF seller in Q4 2020 was JP Morgan Chase, an estimated $378M sold.

Based on aggregated 13F filings for Q4 2020.