QUAL
iShares MSCI USA Quality Factor ETF · Financial Services · Asset Management - Global
Momentum inputs (comparable managers):
holder breadth +30.0% ·
share flow -14.4% ·
net new positions +20.0%
— formula
Ownership fragmentation — more holders, smaller aggregate stake
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q3 2024
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 84 | +2 | 102.83M | $22.49B | +6 | −4 |
| Q1 2026 | 83 | -2 | 127.67M | $24.47B | +1 | −3 |
| Q4 2025 | 85 | 0 | 125.05M | $24.79B | +1 | −1 |
| Q3 2025 | 13 | +1 | 44.66M | $8.69B | +1 | — |
| Q2 2025 | 9 | +2 | 20.41M | $3.73B | +2 | — |
| Q1 2025 | 4 | -2 | 630.86K | $107.81M | — | −2 |
| Q4 2024 | 6 | -1 | 640.86K | $114.12M | — | −1 |
| Q3 2024 | 7 | +3 | 495.18K | $88.79M | +3 | — |
| Q2 2024 | 4 | — | 578.34K | $98.76M | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Two Sigma Investments ✦ | 414.90K | -26.8% | $74.39M | 0.2% | ▼ Trim | 2 | SEC ↗ |
| 2 | Renaissance Technologies ✦ | 32.20K | +373.5% | $5.77M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 3 | Citadel Advisors ✦ | 18.55K | New | $3.33M | 0.0% | New | 1 | SEC ↗ |
| 4 | Millennium Management ✦ | 12.43K | New | $2.23M | 0.0% | New | 1 | SEC ↗ |
| 5 | AQR Capital Management ✦ | 12.42K | +377.2% | $2.23M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 6 | Marshall Wace ✦ | 2.77K | New | $495,765 | 0.0% | New | 1 | SEC ↗ |
| 7 | Fisher Asset Management ✦ | 1.92K | -1.2% | $343,616 | 0.0% | ▼ Trim | 2 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| Citadel Advisors | $3.33M | 0.0% |
| Millennium Management | $2.23M | 0.0% |
| Marshall Wace | $495,765 | 0.0% |
Exited
| No tracked exits this quarter. |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 1,627 holders, 206.92M shares, $38.45B reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.