QDEF · FlexShares Quality Dividend Defensive Index Fund ETF

$91.48 -0.42 (-0.46%) At close · Sep 4

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP →

Quarter:

Holders: 89

Total Value: $383,407,103

Total Shares: 4,803,397

Institutional Ownership Trend

25 quarters

Holder Concentration

Across 89 13F filers · Δ vs Dec 31, 2025

Top Holder

71.1%

+1.2 pts

Top 5

80.4%

+1.8 pts

Top 10

86.3%

+1.6 pts

HHI

5,093

Highly concentrated+173

Quarterly Activity

vs Dec 31, 2025

New

Increased

Decreased

Sold Out

Unchanged

Holder count: -7

Institutional value: -1.5%

Shares held: -0.1%

Top Buyers

vs Dec 31, 2025

Institution	Added	Now Holds
Mega NORTHERN TRUST CORP	+54,713	3,415,707
Mega RAYMOND JAMES FINANCIAL INC	+20,067	90,953
Large NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	+15,072	82,082
Mega CITIGROUP INC	+11,061	13,710
Mega BANK OF AMERICA CORP /DE/	+8,023	91,409

Top Sellers

vs Dec 31, 2025

Institution	Sold	Now Holds
Mega AMERIPRISE FINANCIAL INC	−22,528	23,552
Large MML INVESTORS SERVICES, LLC	−21,255	19,256
Mega SUSQUEHANNA INTERNATIONAL GROUP, LLP	−11,843	5,926
Small RVW Wealth, LLC	−7,651	80,662
Mid FLPUTNAM INVESTMENT MANAGEMENT CO	−6,150	25,194

Top New Positions

vs Dec 31, 2025

Institution	Acquired	Value (USD)
Small SUMMIT WEALTH GROUP LLC / CO	4,067	$324,627
Mid World Investment Advisors	3,892	$310,659
Mid Tower Research Capital LLC (TRC)	2,060	$164,429
Small FINANCIAL CONSULATE, INC	34	$2,713
Large VANGUARD ADVISERS INC	1	$79

Top Sold-Out Positions

vs Dec 31, 2025

Institution	Previously Held	Last Value (USD)
Small FORESIGHT CAPITAL MANAGEMENT ADVISORS, INC.	23,278	$1,884,586
Micro Clear Point Advisors Inc.	13,285	$1,075,553
Mid Smartleaf Asset Management LLC	10,923	$884,326
Large NewEdge Advisors, LLC	8,773	$710,262
Small SCHMIDT P J INVESTMENT MANAGEMENT INC	4,623	$374,278

Filter: New 5 Increased 34 Reduced 27 Sold out 12 Unchanged 23

Showing 89 of 89

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

NORTHERN TRUST CORP QDEF

$272,641,732

71.11%

3,415,707

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
NORTHERN TRUST CO	3,415,707	$272,641,732	100.0%	Other

LPL Financial LLC QDEF

$14,434,888

3.76%

180,843

BANK OF AMERICA CORP /DE/ QDEF

$7,296,265

1.90%

91,409

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MERRILL LYNCH, PIERCE, FENNER & SMITH INC.	79,008	$6,306,418	86.4%	Defined
MANAGED ACCOUNT ADVISORS LLC	12,401	$989,847	13.6%	Defined

RAYMOND JAMES FINANCIAL INC QDEF

$7,259,867

1.89%

90,953

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RAYMOND JAMES & ASSOCIATES	90,819	$7,249,172	99.9%	Defined
Raymond James Financial Services Advisors, Inc.	134	$10,695	0.1%	Defined

NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO QDEF

$6,551,785

1.71%

82,082

RVW Wealth, LLC QDEF

$6,438,440

1.68%

80,662

Sloy Dahl & Holst, LLC QDEF

$5,761,247

1.50%

72,178

MORGAN STANLEY QDEF

$5,503,828

1.44%

68,953

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MORGAN STANLEY SMITH BARNEY LLC	34,850	$2,781,727	50.5%	Defined
PARAMETRIC PORTFOLIO ASSOCIATES LLC	34,103	$2,722,101	49.5%	Defined

Texas Capital Bank Wealth Management Services Inc QDEF

$2,718,749

0.71%

34,061

Creative Planning QDEF

$2,394,600

0.62%

30,000

FLPUTNAM INVESTMENT MANAGEMENT CO QDEF

$2,010,985

0.52%

25,194

L & S Advisors Inc QDEF

$1,956,627

0.51%

24,513

ROYAL BANK OF CANADA QDEF

$1,888,780

0.49%

23,663

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RBC Capital Markets, LLC	17,704	$1,413,133	74.8%	Defined
RBC Trust Co (Delaware) Ltd	5,959	$475,647	25.2%	Defined

AMERIPRISE FINANCIAL INC QDEF

$1,879,920

0.49%

23,552

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Ameriprise Financial Services, LLC	23,552	$1,879,920	100.0%	Defined

Cambridge Investment Research Advisors, Inc. QDEF

$1,585,624

0.41%

19,865

WT Wealth Management QDEF

$1,575,167

0.41%

19,734

MML INVESTORS SERVICES, LLC QDEF

$1,537,013

0.40%

19,256

RIK SAYLOR FINANCIAL, INC. QDEF

$1,532,464

0.40%

19,199

Cetera Investment Advisers QDEF

$1,525,998

0.40%

19,118

BLAIR WILLIAM & CO/IL QDEF

$1,450,089

0.38%

18,167

Anson Capital, Inc. QDEF

$1,440,511

0.38%

18,047

JPMORGAN CHASE & CO QDEF

$1,342,491

0.35%

16,819

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
J.P. Morgan Investment Management Inc.	38	$3,033	0.2%	Defined
J.P. Morgan Securities LLC	16,115	$1,286,298	95.8%	Defined
55I, LLC	666	$53,160	4.0%	Other

COMMONWEALTH EQUITY SERVICES, LLC QDEF

$1,296,675

0.34%

16,245

SCS Capital Management LLC QDEF

$1,282,388

0.33%

16,066

REDW Wealth LLC QDEF

$1,278,556

0.33%

16,018

GREENLEAF TRUST QDEF

$1,219,968

0.32%

15,284

CITIGROUP INC QDEF

$1,094,332

0.29%

13,710

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citigroup Financial Products Inc. joint	13,710	$1,094,332	100.0%	Defined

Kestra Advisory Services, LLC QDEF

$1,091,059

0.28%

13,669

GOLDMAN SACHS GROUP INC QDEF

$1,077,250

0.28%

13,496

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GOLDMAN SACHS & CO. LLC	13,496	$1,077,250	100.0%	Defined

COURIER CAPITAL LLC QDEF

$1,043,327

0.27%

13,071

Pacific Sun Financial Corp QDEF

$1,008,366

0.26%

12,633

J.W. COLE ADVISORS, INC. QDEF

$979,710

0.26%

12,274

CAMBIENT FAMILY OFFICE, LLC QDEF

$926,869

0.24%

11,612

BEAM WEALTH ADVISORS, INC. QDEF

$926,151

0.24%

11,603

Kaydan Wealth Management, Inc. QDEF

$920,164

0.24%

11,528

Wealthcare Advisory Partners LLC QDEF

$904,679

0.24%

11,334

SIMON QUICK ADVISORS, LLC QDEF

$787,903

0.21%

9,871

FMR LLC QDEF

$771,300

0.20%

9,663

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
STRATEGIC ADVISERS LLC	9,663	$771,300	100.0%	Defined

Cedar Wealth Management, LLC QDEF

$764,356

0.20%

9,576

JONES FINANCIAL COMPANIES LLLP QDEF

$723,009

0.19%

9,058

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Edward D. Jones & Co., L.P.	9,058	$723,009	100.0%	Sole

Equitable Holdings, Inc. QDEF

$698,824

0.18%

8,755

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
EQUITABLE ADVISORS, LLC	8,755	$698,824	100.0%	Defined

STIFEL FINANCIAL CORP QDEF

$665,379

0.17%

8,336

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
STIFEL NICOLAUS & CO INC \MO\	8,336	$665,379	100.0%	Defined

UBS Group AG QDEF

$638,959

0.17%

8,005

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UBS Financial Services Inc	8,005	$638,959	100.0%	Defined

Quantinno Capital Management LP QDEF

$615,492

0.16%

7,711

Herold Advisors, Inc. QDEF

$588,592

0.15%

7,374

Grove Bank & Trust QDEF

$588,113

0.15%

7,368

ENVESTNET ASSET MANAGEMENT INC QDEF

$584,202

0.15%

7,319

Stratos Wealth Partners, LTD. QDEF

$559,777

0.15%

7,013

MONECO ADVISORS, LLC QDEF

$558,660

0.15%

6,999

SUSQUEHANNA INTERNATIONAL GROUP, LLP QDEF

$473,013

0.12%

5,926

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SUSQUEHANNA SECURITIES, LLC	5,926	$473,013	100.0%	Other

Ameritas Advisory Services, LLC QDEF

$472,294

0.12%

5,917

NAPLES GLOBAL ADVISORS, LLC QDEF

$471,257

0.12%

5,904

OSAIC HOLDINGS, INC. QDEF

$458,965

0.12%

5,750

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
OSAIC WEALTH, INC.	5,750	$458,965	100.0%	Defined

Ledyard National Bank QDEF

$439,249

0.11%

5,503

KESTRA PRIVATE WEALTH SERVICES, LLC QDEF

$420,172

0.11%

5,264

Perigon Wealth Management, LLC QDEF

$408,997

0.11%

5,124

Cresset Asset Management, LLC QDEF

$398,780

0.10%

4,996

White Knight Strategic Wealth Advisors, LLC QDEF

$338,277

0.09%

4,238

SUMMIT WEALTH GROUP LLC / CO QDEF

$324,627

0.08%

4,067

Prospera Financial Services Inc QDEF

$320,158

0.08%

4,011

Rossmore Private Capital QDEF

$319,280

0.08%

4,000

BANK OF MONTREAL /CAN/ QDEF

$312,974

0.08%

3,921

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BMO Bank N.A.	3,921	$312,974	100.0%	Defined

World Investment Advisors QDEF

$310,659

0.08%

3,892

HARBOUR INVESTMENTS, INC. QDEF

$306,508

0.08%

3,840

Red Tortoise LLC QDEF

$301,639

0.08%

3,779

NorthRock Partners, LLC QDEF

$292,141

0.08%

3,660

ROBERTS GLORE & CO INC /IL/ QDEF

$279,370

0.07%

3,500

Concurrent Investment Advisors, LLC QDEF

$275,538

0.07%

3,452

CENTAURUS FINANCIAL, INC. QDEF

$273,702

0.07%

3,429

ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ QDEF

$272,106

0.07%

3,409

Investors Research Corp QDEF

$257,738

0.07%

3,229

Farther Finance Advisors, LLC QDEF

$246,563

0.06%

3,089

WEST BANCORPORATION INC QDEF

$212,640

0.06%

2,664

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
West Bank	2,664	$212,640	100.0%	Defined

Tower Research Capital LLC (TRC) QDEF

$164,429

0.04%

2,060

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Latour Trading LLC (Latour)	2,060	$164,429	100.0%	Defined

UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC QDEF

$163,152

0.04%

2,044

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UBS Group AG	2,044	$163,152	100.0%	Defined

US BANCORP \DE\ QDEF

$135,694

0.04%

1,700

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
US BANK NATIONAL ASSOCIATION	1,700	$135,694	100.0%	Defined

PNC FINANCIAL SERVICES GROUP, INC. QDEF

$83,731

0.02%

1,049

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
PNC Bank, National Association	1,049	$83,731	100.0%	Defined

BOKF, NA QDEF

$79,820

0.02%

1,000

AE Wealth Management LLC QDEF

$65,931

0.02%

826

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SECURED RETIREMENT ADVISORS, LLC	50	$3,991	6.1%	Other
Held directly	776	$61,940	93.9%	Sole

CREATIVE FINANCIAL DESIGNS INC /ADV QDEF

$51,883

0.01%

650

CALDWELL SUTTER CAPITAL, INC. QDEF

$48,291

0.01%

605

Steward Partners Investment Advisory, LLC QDEF

$42,065

0.01%

527

Wilmington Savings Fund Society, FSB QDEF

$26,260

0.01%

329

Walsh & Associates, LLC QDEF

$26,180

0.01%

328

Pinnacle Bancorp, Inc. QDEF

$8,700

0.00%

109

FINANCIAL CONSULATE, INC QDEF

$2,713

0.00%

DHJJ Financial Advisors, Ltd. QDEF

$319

0.00%

WELLS FARGO & COMPANY/MN QDEF

$79

0.00%

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
WELLS FARGO CLEARING SERVICES, LLC	1	$79	100.0%	Defined

VANGUARD ADVISERS INC QDEF

$79

0.00%