FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund
TLTD
24 hedge funds and large institutions have $734M invested in FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund in 2017 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 6 increasing their positions, 5 reducing their positions, and 3 closing their positions.
200% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 3
26% more funds holding
Funds holding: 19 → 24 (+5)
20% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 5
18% more capital invested
Capital invested by funds: $623M → $734M (+$110M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
1.94% less ownership
Funds ownership: 96.95% → 95% (-1.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northern Trust
Chicago,
Illinois
|
+$39.5M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$12M |
| 3 |
Jane Street
New York
|
+$8.43M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$3.11M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$2.39M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AG
Advisor Group
Phoenix,
Arizona
|
-$1.73M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$512K |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$362K |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$309K |
| 5 |
Morgan Stanley
New York
|
-$212K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
UBS Group
Zurich,
Switzerland
| – | -$7K | -121 | Closed |
|
TLTD Hedge Fund Activity: Q1 2017 in Review
24 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund (TLTD) for Q1 2017, worth a combined $734M — up 18% from $623M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new TLTD positions and 3 closed out — a net gain of 6 holders — while 6 added to existing stakes and 5 trimmed.
The largest buyer was Northern Trust, adding an estimated $39.5M. The largest seller was Advisor Group, cutting an estimated $1.73M.
- 24 institutional investors held FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund (TLTD) as of Q1 2017, up from 19 in Q4 2016.
- Funds reported $734M of FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund stock for Q1 2017, up 18% quarter-over-quarter.
- 9 funds opened new FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund positions in Q1 2017 and 3 closed out, a net change of +6 holders.
- The largest FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund buyer in Q1 2017 was Northern Trust, an estimated $39.5M added.
- The largest FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund seller in Q1 2017 was Advisor Group, an estimated $1.73M sold.
Based on aggregated 13F filings for Q1 2017.