FlexShares Morningstar US Market Factors Tilt Index Fund
TILT
25 hedge funds and large institutions have $700M invested in FlexShares Morningstar US Market Factors Tilt Index Fund in 2016 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 10 reducing their positions, and 5 closing their positions.
1.97% more ownership
Funds ownership: 91.23% → 93.19% (+2%)
3% more capital invested
Capital invested by funds: $680M → $700M (+$20.3M)
7% less funds holding
Funds holding: 27 → 25 (-2)
30% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 10
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EA
Efficient Advisors
Mason,
Ohio
|
+$18.8M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$3.78M |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$746K |
| 4 |
US Bancorp
Minneapolis,
Minnesota
|
+$290K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$90.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northern Trust
Chicago,
Illinois
|
-$4.58M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$3.1M |
| 3 |
ST
Sentinel Trust
Houston,
Texas
|
-$1.67M |
| 4 |
Morgan Stanley
New York
|
-$1.66M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$661K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AIG
26
American International Group
New York
| – | -$291K | -3,435 | Closed |
|
27
SG Americas Securities
New York
| – | -$137K | -1,618 | Closed |
|
28
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$82K | -965 | Closed |
|
|
TRCT
29
Tower Research Capital (TRC)
New York
| – | -$3K | -34 | Closed |
|
TILT Hedge Fund Activity: Q2 2016 in Review
25 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in FlexShares Morningstar US Market Factors Tilt Index Fund (TILT) for Q2 2016, worth a combined $700M — up 3% from $680M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of TILT and 3 opened new positions — a net loss of 2 holders — while 10 trimmed existing stakes and 7 added.
The largest buyer was Efficient Advisors, adding an estimated $18.8M. The largest seller was Northern Trust, cutting an estimated $4.58M.
- 25 institutional investors held FlexShares Morningstar US Market Factors Tilt Index Fund (TILT) as of Q2 2016, down from 27 in Q1 2016.
- Funds reported $700M of FlexShares Morningstar US Market Factors Tilt Index Fund stock for Q2 2016, up 3% quarter-over-quarter.
- 3 funds opened new FlexShares Morningstar US Market Factors Tilt Index Fund positions in Q2 2016 and 5 closed out, a net change of -2 holders.
- The largest FlexShares Morningstar US Market Factors Tilt Index Fund buyer in Q2 2016 was Efficient Advisors, an estimated $18.8M added.
- The largest FlexShares Morningstar US Market Factors Tilt Index Fund seller in Q2 2016 was Northern Trust, an estimated $4.58M sold.
Based on aggregated 13F filings for Q2 2016.