QUAL
iShares MSCI USA Quality Factor ETF · Financial Services · Asset Management - Global
Momentum inputs (comparable managers):
holder breadth +8.3% ·
share flow +3.9% ·
net new positions +7.7%
· formula
Broad accumulation: rising shares across more holders
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q3 2025
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q3 2026 | 3 | 0 | 309.31K | $69.74M | n/a | n/a |
| 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 | n/a |
| Q2 2025 | 9 | +2 | 20.41M | $3.73B | +2 | n/a |
| Q1 2025 | 4 | -2 | 630.86K | $107.81M | n/a | −2 |
| Q4 2024 | 6 | -1 | 640.86K | $114.12M | n/a | −1 |
| Q3 2024 | 7 | +3 | 495.18K | $88.79M | +3 | n/a |
| Q2 2024 | 4 | n/a | 578.34K | $98.76M | n/a | n/a |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Fidelity (FMR) ✦ | 15.73M | +7.3% | $3.06B | 0.2% | ▲ Add | 2 | SEC ↗ ×3 |
| 2 | JPMorgan Chase ✦ | 12.76M | n/a | $2.48B | 0.1% | n/c | 1 | SEC ↗ ×18 |
| 3 | Morgan Stanley ✦ | 9.58M | n/a | $1.86B | 0.1% | n/c | 1 | SEC ↗ ×6 |
| 4 | BlackRock ✦ (passive) | 4.34M | -7.1% | $844.17M | 0.0% | ▼ Trim | 2 | SEC ↗ ×7 |
| 5 | Two Sigma Investments ✦ | 1.93M | +99.7% | $375.74M | 0.6% | ▲ Add | 6 | SEC ↗ |
| 6 | Goldman Sachs Group ✦ | 220.19K | n/a | $42.83M | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 7 | AQR Capital Management ✦ | 38.58K | +26.3% | $7.50M | 0.0% | ▲ Add | 6 | SEC ↗ |
| 8 | D. E. Shaw & Co. ✦ | 19.47K | +127.5% | $3.79M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 9 | Gotham Asset Management ✦ | 13.47K | +112.7% | $2.62M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 10 | Citadel Advisors ✦ | 6.78K | -87.0% | $1.32M | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 11 | The Vanguard Group ✦ (passive) | 4.65K | +18.6% | $905,134 | 0.0% | ▲ Add | 2 | SEC ↗ ×2 |
| 12 | Renaissance Technologies ✦ | 4.60K | New | $894,700 | 0.0% | New | 1 | SEC ↗ |
| 13 | Fisher Asset Management ✦ | 3.13K | -24.0% | $608,362 | 0.0% | ▼ Trim | 6 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value: the conviction measure. ✦ = curated manager.
New buyers
| Renaissance Technologies | $894,700 | 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.