FlexShares Global Quality Real Estate Index Fund

GQRE • ARCA

FlexShares Global Quality Real Estate Index Fund is an exchange-traded fund on ARCA. As of Q3 2025, 48 institutional investors hold shares in this ETF, with total holdings valued at $347.7M. NORTHERN TRUST CORP is the largest holder with a position valued at $251.4M.

Overview

Overview of institutional ownership in GQRE as of Q3 2025

All Institutions

Institutions: 48
Value Held: $347.7M
Shares Held: 5.7M
Avg Position: $7.2M
Median Position: $498.7K

Hedge Funds

Hedge Funds: 2
Value Held: $2.6M
Shares Held: 42.1K
Avg Position: $1.3M
Median Position: $1.3M

Biggest Investors

Institutions with the largest positions in GQRE as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
NORTHERN TRUST CORP Institution	Michael G. O'Grady CEO	$251.4M 0.03% of portfolio	4.1M shares	Q4 2013 Held for 11y 11m	$782.01B
E ESL Trust Services, LLC Institution	-	$36.1M 7.12% of portfolio	593.0K shares	Q4 2019 Held for 5y 11m	$507.4M
D Dynamic Advisors Solutions LLC Institution	-	$12.6M 0.37% of portfolio	207.0K shares	Q4 2022 Held for 2y 11m	$3.4B
S St. Clair Advisors, LLC Family Office	David William Sommer CEO	$8.0M 2.11% of portfolio	130.6K shares	Q4 2022 Held for 2y 11m	$376.7M
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	Christopher Russell Todd CEO	$7.2M 0.00% of portfolio	117.5K shares	Q2 2015 Held for 10y 5m	$341.99B
Boltwood Capital Management RIA/Wealth	Thomas Lyon Abbott Chairman	$4.8M 1.29% of portfolio	79.3K shares	Q3 2020 Held for 5y 2m	$375.7M
PFG Advisors RIA/Wealth	Michael Thomas Prior CEO	$2.8M 0.11% of portfolio	45.3K shares	Q1 2023 Held for 2y 8m	$2.4B
M Missouri Trust & Investment Co Institution	-	$2.8M 0.81% of portfolio	45.2K shares	Q4 2021 Held for 3y 11m	$338.3M
NFP Retirement, Inc. RIA/Wealth	Solomon John Stewart President	$2.5M 0.11% of portfolio	41.4K shares	Q2 2025 Held for 5 months	$2.2B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$1.8M 0.00% of portfolio	29.8K shares	Q2 2015 Held for 10y 5m	$1.33T

Net Capital Flow

Institutional buying and selling activity for GQRE in Q3 2025

Traded: −$10.9M
Buyers: 25
Sellers: 20
Total Bought: +$5.7M
Total Sold: −$16.6M
Avg Position: $6.7M

Biggest Buyers

Institution	Net Bought	Current Position
BANK OF AMERICA CORP /DE/ Institution	+$1.8M +28.7K shares	$1.8M 29.8K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$669.5K +11.0K shares	$1.3M 21.5K shares
D Dynamic Advisors Solutions LLC Institution	+$566.4K +9.3K shares	$12.6M 207.0K shares
S STIFEL FINANCIAL CORP Long Only Manager	+$519.1K +8.5K shares	$519.1K 8.5K shares
Smartleaf Asset Management LLC Long Only Manager	+$478.3K +7.9K shares	$478.3K 7.9K shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	+$370.1K +6.1K shares	$7.2M 117.5K shares
PARK NATIONAL CORP /OH/ Institution	+$249.6K +4.1K shares	$735.2K 12.1K shares
N NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Institution	+$205.9K +3.4K shares	$1.5M 24.7K shares
Cetera Investment Advisers RIA/Wealth	+$193.8K +3.2K shares	$1.2M 19.7K shares
Fermata Advisors, LLC Hedge Fund•Sector	+$190.9K +3.1K shares	$1.3M 20.5K shares

Biggest Sellers

Institution	Net Sold	Current Position
NORTHERN TRUST CORP Institution	−$9.9M −162.1K shares	$251.4M 4.1M shares
F FLOW TRADERS U.S. LLC Institution	−$3.0M −50.0K shares	$814.3K 13.4K shares
J JANE STREET GROUP, LLC Institution	−$1.1M −18.1K shares	$1.4M 23.6K shares
E ESL Trust Services, LLC Institution	−$679.6K −11.1K shares	$36.1M 593.0K shares
S St. Clair Advisors, LLC Family Office	−$398.2K −6.5K shares	$8.0M 130.6K shares
O OLD MISSION CAPITAL LLC Institution	−$382.9K −6.3K shares	$1.5M 24.9K shares
UBS Group AG Institution	−$299.9K −4.9K shares	$95.7K 1.6K shares
$US BANCORP \DE\ logo$ US BANCORP \DE\ Institution	−$189.9K −3.2K shares	Sold Off 0 shares
C Coconut Grove Bank Institution	−$186.3K −3.1K shares	Sold Off 0 shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	−$179.3K −3.0K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited GQRE in Q3 2025

New Positions: 1
New Value: $478.3K
Exited Positions: 4
Exited Value: $555.6K

New Positions

Institution	Position Value
Smartleaf Asset Management LLC Long Only Manager	$478.3K 7.9K shares

Exited Positions

Institution	Previous Position
$US BANCORP \DE\ logo$ US BANCORP \DE\ Institution	$189.9K 3.2K shares
C Coconut Grove Bank Institution	$186.3K 3.1K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	$179.3K 3.0K shares
Sound Income Strategies, LLC RIA/Wealth	$125.0 2.0 shares

Options Activity

Institutions with the largest Call and Put options positions in GQRE as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with GQRE as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
E ESL Trust Services, LLC Institution	-	7.12% $36.1M	593.0K shares	Q4 2019 Held for 5y 11m	$507.4M
S St. Clair Advisors, LLC Family Office	David William Sommer CEO	2.11% $8.0M	130.6K shares	Q4 2022 Held for 2y 11m	$376.7M
Boltwood Capital Management RIA/Wealth	Thomas Lyon Abbott Chairman	1.29% $4.8M	79.3K shares	Q3 2020 Held for 5y 2m	$375.7M
M Missouri Trust & Investment Co Institution	-	0.81% $2.8M	45.2K shares	Q4 2021 Held for 3y 11m	$338.3M
D Dynamic Advisors Solutions LLC Institution	-	0.37% $12.6M	207.0K shares	Q4 2022 Held for 2y 11m	$3.4B
Fermata Advisors, LLC Hedge Fund•Sector	Nelson Moonhun Seo Managing Partner	0.34% $1.3M	20.5K shares	Q4 2021 Held for 3y 11m	$371.6M
S STUDIO INVESTMENT MANAGEMENT LLC RIA/Wealth	Michael Curtis Wolcott Managing Partner	0.23% $1.2M	19.6K shares	Q4 2022 Held for 2y 11m	$528.7M
Hanlon Investment Management, Inc. RIA/Wealth	William Francis Chisholm CIO	0.20% $337.6K	5.5K shares	Q3 2022 Held for 3y 2m	$165.8M
PFG Advisors RIA/Wealth	Michael Thomas Prior CEO	0.11% $2.8M	45.3K shares	Q1 2023 Held for 2y 8m	$2.4B
NFP Retirement, Inc. RIA/Wealth	Solomon John Stewart President	0.11% $2.5M	41.4K shares	Q2 2025 Held for 5 months	$2.2B

Hedge Fund Spotlight

Discover hedge funds investing in GQRE

Fermata Advisors, LLC

Hedge Fund • Sector

Portfolio ManagerNelson Moonhun Seo

Portfolio Value: $371.6M
Positions: 207
Last Reported: Q3 2025

Sector Allocation

Position in FlexShares Global Quality Real Estate Index Fund

Market Value: $1.3M
Shares Held: 20.5K
Portfolio Weight: 0.34%
Owned Since: 2021-Q4

Top Holding	Sector	Market Value	Weight
1 Apple AAPL	Consumer Electronics Technology	$13.6M	3.67%
2 JPMorgan Equity Premium Income JEPI	ETF ETF	$13.1M	3.53%
3 Dimensional International Core Equity Market DFAI	ETF ETF	$12.7M	3.43%