QLC · FlexShares US Quality Large Cap Index Fund · Holdings ETF

$90.46 -1.17 (-1.28%)

Volume · Oct 22 22.89K Avg daily vol (3M) 42.72K

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 →

Institutional holdings are being reconciled with SEC filings. Holder totals and changes may be incomplete until reconciliation finishes.

Quarter:

Holders: 21

Total Value: $32,902,200

Total Shares: 361,682

Institutional Ownership Trend

27 quarters

Holder Concentration

Across 21 13F filers · Δ vs Jun 30, 2026

Top Holder

30.5%

−43.1 pts

Top 5

73.7%

−16.7 pts

Top 10

87.9%

−7.0 pts

HHI

1,571

Moderately concentrated−3,945

Who Holds QLC

Last 8 quarters through Sep 30, 2026 (filing window open)

Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.

Jun 30, 2026, the newest closed quarter: 71 filers, like-for-like change +6.3%; actively managed books +3.5%; index-like books +7.4%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	16.2%	45	-5.5%	8	3
Bank	74.1%	6	+8.5%	1	0
Broker-dealer	1.1%	1	+16.2%	0	0
Holding company	0.2%	3	-69.6%	0	1
Non-US	0.0%	0	—	0	0
Unknown	8.4%	16	+18.9%	0	1

Style	Share	Filers	Change	New	Exited
Index-like	73.6%	2	+7.4%	0	1
Systematic-like	0.3%	2	new	2	0
Concentrated	1.4%	11	-19.8%	1	0
Diversified active	24.6%	56	+4.0%	6	4
Not measured	0.0%	0	—	0	0
Unknown	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	98.8%	53	+7.3%	7	3
Medium turnover	0.7%	12	-58.9%	0	2
High turnover	0.4%	3	+181.1%	2	0
Unknown	0.1%	3	-17.9%	0	0
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	0.1%	2	-17.9%	0	0
Medium horizon	2.6%	16	+20.3%	2	1
Long horizon	96.6%	48	+6.9%	6	3
Unknown	0.6%	5	-53.3%	1	1
Not measured	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	2.7%	21	-10.6%	1	2
$1B to $10B	3.2%	25	-9.5%	2	1
$10B to $100B	7.7%	10	+10.3%	2	1
$100B or more	86.4%	15	+7.3%	4	1
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	14.6%	38	-8.0%	5	3
Pooled investment vehicles	0.3%	2	new	2	0
Pension and profit sharing plans	0.1%	1	0.0%	0	0
Governments and sovereign funds	0.1%	1	0.0%	0	0
Other investment advisers	1.0%	2	+1.2%	0	0
Diversified	0.0%	1	new	1	0
Other	0.0%	0	—	0	0
Unknown	83.8%	26	+9.0%	1	2

Private funds	Share	Filers	Change	New	Exited
Hedge funds	0.4%	3	+551.5%	2	0
Private equity funds	0.0%	1	new	1	0
Real estate funds	0.1%	1	-18.3%	0	1
Other private funds	0.2%	2	-9.1%	0	0
Mixed private funds	0.1%	1	new	1	0
No private funds	15.5%	37	-7.8%	4	2
Unknown	83.8%	26	+9.0%	1	2

Location	Share	Filers	Change	New	Exited
United States	100.0%	69	+6.3%	9	5
Outside the US	0.0%	2	-11.4%	0	0

The Sep 30, 2026 filing window is still open, so its bar shows only the filers that have filed so far.

How the mix is measured

Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.

Excluded 1 holder with no observed 2026-03-31 13F.

Conviction and Crowding

70 13F filers, quarter ended Jun 30, 2026

Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.

Conviction holders

8.57% of filers hold it in their top 10

Mar 31, 2026: 6

Holders above 5%

median weight 0.020%

Mar 31, 2026: 0

Crowding

—

shares outstanding is an issuer-wide count, not one listing's

Private-fund advisers

—

of shares outstanding

Institutional ownership

—

shares outstanding is an issuer-wide count, not one listing's

Top 10 holders

94.9%

of 13F shares, Herfindahl 0.552

Active holders

+3.5%

like-for-like share change of active filers

5% stakes on record

0 13D, 0 13G

How long holders have held it value-weighted 23.9 quarters

Under 1 year 4.05% 1 to 3 years 4.01% 3 years or more 91.9% Since coverage start 0.000%

Managers in the top fifth by current three-year FundScore alpha were net buyers of $0 (0 buying, 0 selling).

Estimated Holder Cost Basis

Quarter ended Jun 30, 2026, on that quarter's share basis

Estimated, never filed: each 13F buy is costed at its quarter's average traded price and each sale keeps the average cost, so this is what holders paid on average if they traded evenly through each quarter.

Estimated avg cost

$71.67

estimated per share

Mar 31, 2026: $70.19

Quarter-end price

$89.87

implied by 13F values

Estimated gain or loss

+25.4%

price against the estimated cost

Estimated at a loss

0.000%

of costed 13F value

Estimated cost covers 16.9% of the 13F shares; positions already held when a filer's 13F history starts, or bought in a quarter without a trusted average price, have no estimate.

Quarterly Activity

vs Jun 30, 2026

New

Increased

Decreased

Sold Out

Unchanged

New and Sold Out count only filers that reported a 13F for both quarters: a first-time filer's book is not a buy, and a fund that has not filed, or withheld its positions under confidential treatment, has not sold.

Holder count: -50

Institutional value: -96.3%

Shares held: -96.4%

Top Buyers

vs Jun 30, 2026

Institution	Added	Now Holds
Mid IFP Advisors, Inc	+29,866	52,027
Small Advantage Trust Co	+22,902	110,207
Small SeaCrest Wealth Management, LLC	+1,946	8,526
Mid Atria Investments, Inc	+565	7,994
Mid First Heartland Consultants, Inc.	+565	7,994

Top Sellers

vs Jun 30, 2026

Institution	Sold	Now Holds
Mid INDEPENDENT FINANCIAL GROUP, LLC	−9,030	21,039
Mid WealthPlan Investment Management, LLC	−1,883	12,469
Mid PARK NATIONAL CORP /OH/	−1,143	13,802
Small Herold Advisors, Inc.	−590	64,105
Mid ASPIRIANT, LLC	−397	3,082

Top New Positions

vs Jun 30, 2026

Institution	Acquired	Value (USD)	Open
Mid Sowell Financial Services LLC	3,120	$283,826

Top Sold-Out Positions

vs Jun 30, 2026

Institution	Previously Held	Last Value (USD)	Open
Small Cornerstone Planning Group LLC	442	$39,722

Filter: New 1 Increased 7 Reduced 9 Sold out 1 Unchanged 4

Holder type: Registered adviser 16 Bank 1 Unknown 4

Showing 21 of 21

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

Advantage Trust Co QLC

$10,025,530

30.47%

110,207

Herold Advisors, Inc. QLC

$5,831,631

17.72%

64,105

IFP Advisors, Inc QLC

$4,732,896

14.38%

52,027

INDEPENDENT FINANCIAL GROUP, LLC QLC

$1,913,917

5.82%

21,039

Fiduciary Planning LLC QLC

$1,758,541

5.34%

19,331

PARK NATIONAL CORP /OH/ QLC

$1,255,567

3.82%

13,802

WealthPlan Investment Management, LLC QLC

$1,134,304

3.45%

12,469

SeaCrest Wealth Management, LLC QLC

$775,610

2.36%

8,526

EJMK Ventures LLC QLC

$753,322

2.29%

8,281

First Heartland Consultants, Inc. QLC

$727,214

2.21%

7,994

Atria Investments, Inc QLC

$727,214

2.21%

7,994

Patriot Financial Group Insurance Agency, LLC QLC

$615,866

1.87%

6,770

Turtle Creek Wealth Advisors, LLC QLC

$564,195

1.71%

6,202

CoreCap Advisors, LLC QLC

$378,799

1.15%

4,164

Wealthcare Advisory Partners LLC QLC

$349,233

1.06%

3,839

Colonial River Investments, LLC QLC

$285,918

0.87%

3,143

Sowell Financial Services LLC QLC

$283,826

0.86%

3,120

ASPIRIANT, LLC QLC

$280,369

0.85%

3,082

PRIVATE TRUST CO NA QLC

$250,258

0.76%

2,751

ABSOLUTE CAPITAL MANAGEMENT, LLC QLC

$248,893

0.76%

2,736

TD Waterhouse Canada Inc. QLC

$9,097

0.03%

100

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

Manager	Shares	Value (USD)	% of position	Discretion
TORONTO DOMINION BANK	100	$9,097	100.0%	Defined