FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund
TLTD
35 hedge funds and large institutions have $954M invested in FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund in 2019 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 13 increasing their positions, 13 reducing their positions, and 6 closing their positions.
16% more capital invested
Capital invested by funds: $825M → $954M (+$129M)
1.84% more ownership
Funds ownership: 92.87% → 94.71% (+1.8%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 13
13% less funds holding
Funds holding: 40 → 35 (-5)
67% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northern Trust
Chicago,
Illinois
|
+$86.7M |
| 2 |
Jane Street
New York
|
+$2.21M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.26M |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$1.03M |
| 5 |
IWC
Integrated Wealth Concepts
Waltham,
Massachusetts
|
+$1.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$10.3M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$10M |
| 3 |
CB
CNB Bank
Clearfield,
Pennsylvania
|
-$9.14M |
| 4 |
CFA
Capstone Financial Advisors
Downers Grove,
Illinois
|
-$8.48M |
| 5 |
IA
IFP Advisors
Tampa,
Florida
|
-$1.07M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SPC
26
Sigma Planning Corp
Ann Arbor,
Michigan
| $260K | -$5.96K | -100 | -2% |
|
|
RJA
27
Raymond James & Associates
St Petersburg,
Florida
| $228K | – | – | – |
|
|
AG
28
Advisor Group
Phoenix,
Arizona
| $223K | +$5.9K | +99 | +3% |
|
29
Fifth Third Bancorp
Cincinnati,
Ohio
| $188K | – | – | – |
|
30
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $94K | – | – | – |
|
|
GTAM
31
Global Trust Asset Management
West Palm Beach,
Florida
| $84K | +$4K | +67 | +5% |
|
32
Bank of America
Charlotte,
North Carolina
| $47K | – | – | – |
|
33
Wells Fargo
San Francisco,
California
| $39K | +$2.15K | +36 | +6% |
|
34
Citigroup
New York
| $9K | – | – | – |
|
|
IA
35
IFP Advisors
Tampa,
Florida
| – | -$1.07M | -19,372 | Closed |
|
|
MCM
36
Manchester Capital Management
Manchester,
Vermont
| – | -$649K | -10,000 | Closed |
|
|
AIA
37
Alera Investment Advisors
Deerfield,
Illinois
| – | -$329K | -5,926 | Closed |
|
38
Bank of New York Mellon
New York
| – | -$305K | -5,501 | Closed |
|
|
WF
39
WealthTrust Fairport
Cleveland,
Ohio
| – | -$51K | -917 | Closed |
|
TLTD Hedge Fund Activity: Q1 2019 in Review
35 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund (TLTD) for Q1 2019, worth a combined $954M — up 16% from $825M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of TLTD and 2 opened new positions — a net loss of 4 holders — while 13 trimmed existing stakes and 13 added.
The largest buyer was Northern Trust, adding an estimated $86.7M. The largest seller was Royal Bank of Canada, cutting an estimated $10.3M.
- 35 institutional investors held FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund (TLTD) as of Q1 2019, down from 40 in Q4 2018.
- Funds reported $954M of FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund stock for Q1 2019, up 16% quarter-over-quarter.
- 2 funds opened new FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund positions in Q1 2019 and 6 closed out, a net change of -4 holders.
- The largest FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund buyer in Q1 2019 was Northern Trust, an estimated $86.7M added.
- The largest FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund seller in Q1 2019 was Royal Bank of Canada, an estimated $10.3M sold.
Based on aggregated 13F filings for Q1 2019.