iShares MSCI USA Quality Factor ETF
QUAL
1,507 hedge funds and large institutions have $46.3B invested in iShares MSCI USA Quality Factor ETF in 2025 Q2 according to their latest regulatory filings, with 139 funds opening new positions, 659 increasing their positions, 498 reducing their positions, and 81 closing their positions.
72% more first-time investments, than exits
New positions opened: 139 | Existing positions closed: 81
32% more repeat investments, than reductions
Existing positions increased: 659 | Existing positions reduced: 498
29% more call options, than puts
Call options by funds: $3.27M | Put options by funds: $2.54M
8% more capital invested
Capital invested by funds: $42.9B → $46.3B (+$3.38B)
2% more funds holding
Funds holding: 1,473 → 1,507 (+34)
1.23% less ownership
Funds ownership: 88.56% → 87.33% (-1.2%)
5% less funds holding in top 10
Funds holding in top 10: 250 → 237 (-13)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Charles Schwab
San Francisco,
California
|
+$289M |
| 2 |
LPL Financial
San Diego,
California
|
+$221M |
| 3 |
OWM
Orgel Wealth Management
Altoona,
Wisconsin
|
+$185M |
| 4 |
Cerity Partners
New York
|
+$184M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$108M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BNP Paribas Financial Markets
Paris,
France
|
-$467M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$146M |
| 3 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$81.6M |
| 4 |
KeyBank National Association
Cleveland,
Ohio
|
-$65.7M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$56.9M |
QUAL Hedge Fund Activity: Q2 2025 in Review
1,507 of the 7,613 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI USA Quality Factor ETF (QUAL) for Q2 2025, worth a combined $46.3B — up 7.9% from $42.9B a quarter earlier.
Buyers outnumbered sellers: 139 funds opened new QUAL positions and 81 closed out — a net gain of 58 holders — while 659 added to existing stakes and 498 trimmed.
The largest buyer was Charles Schwab, opening a new position worth an estimated $289M. The largest seller was BNP Paribas Financial Markets, cutting an estimated $467M.
- 1,507 institutional investors held iShares MSCI USA Quality Factor ETF (QUAL) as of Q2 2025, up from 1,473 in Q1 2025.
- Funds reported $46.3B of iShares MSCI USA Quality Factor ETF stock for Q2 2025, up 7.9% quarter-over-quarter.
- 139 funds opened new iShares MSCI USA Quality Factor ETF positions in Q2 2025 and 81 closed out, a net change of +58 holders.
- The largest iShares MSCI USA Quality Factor ETF buyer in Q2 2025 was Charles Schwab, an estimated $289M added.
- The largest iShares MSCI USA Quality Factor ETF seller in Q2 2025 was BNP Paribas Financial Markets, an estimated $467M sold.
Based on aggregated 13F filings for Q2 2025.