FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund
TLTD
60 hedge funds and large institutions have $469M invested in FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund in 2023 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 18 increasing their positions, 25 reducing their positions, and 6 closing their positions.
2% less funds holding
Funds holding: 61 → 60 (-1)
2.18% less ownership
Funds ownership: 95.92% → 93.74% (-2.2%)
8% less capital invested
Capital invested by funds: $510M → $469M (-$41.4M)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
28% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 25
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTUS
Flow Traders U.S.
New York
|
+$11.9M |
| 2 |
MML Investors Services
Springfield,
Massachusetts
|
+$956K |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
+$487K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$401K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$200K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northern Trust
Chicago,
Illinois
|
-$12.6M |
| 2 |
Jane Street
New York
|
-$11.5M |
| 3 |
MA
Mutual Advisors
Omaha,
Nebraska
|
-$3.59M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$2.22M |
| 5 |
CNBT
Cornerstone National Bank & Trust
Palatine,
Illinois
|
-$2M |
TLTD Hedge Fund Activity: Q3 2023 in Review
60 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund (TLTD) for Q3 2023, worth a combined $469M — down 8.1% from $510M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of TLTD and 5 opened new positions — a net loss of 1 holder — while 25 trimmed existing stakes and 18 added.
The largest buyer was Flow Traders U.S., adding an estimated $11.9M. The largest seller was Northern Trust, cutting an estimated $12.6M.
- 60 institutional investors held FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund (TLTD) as of Q3 2023, down from 61 in Q2 2023.
- Funds reported $469M of FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund stock for Q3 2023, down 8.1% quarter-over-quarter.
- 5 funds opened new FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund positions in Q3 2023 and 6 closed out, a net change of -1 holder.
- The largest FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund buyer in Q3 2023 was Flow Traders U.S., an estimated $11.9M added.
- The largest FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund seller in Q3 2023 was Northern Trust, an estimated $12.6M sold.
Based on aggregated 13F filings for Q3 2023.