FlexShares iBoxx 5-Year Target Duration TIPS Index Fund

TDTF • ARCA

FlexShares iBoxx 5-Year Target Duration TIPS Index Fund is an exchange-traded fund on ARCA. As of Q3 2025, 72 institutional investors hold shares in this ETF, with total holdings valued at $774.4M. NORTHERN TRUST CORP is the largest holder with a position valued at $422.4M.

Overview

Overview of institutional ownership in TDTF as of Q3 2025

All Institutions

Institutions: 72
Value Held: $774.4M
Shares Held: 31.9M
Avg Position: $10.8M
Median Position: $488.4K

Hedge Funds

Hedge Funds: 1
Value Held: $1.0M
Shares Held: 42.8K
Avg Position: $1.0M
Median Position: $1.0M

Biggest Investors

Institutions with the largest positions in TDTF as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
NORTHERN TRUST CORP Institution	Michael G. O'Grady CEO	$422.4M 0.05% of portfolio	17.4M shares	≤ Q2 2013 Held for 12y 5m+	$782.01B
R Ronald Blue Trust, Inc. Institution	-	$90.6M 1.02% of portfolio	3.7M shares	Q2 2022 Held for 3y 5m	$8.9B
Wealth Architects, LLC RIA/Wealth	Mark Thomas Johnsen CEO	$67.6M 6.39% of portfolio	2.8M shares	Q3 2021 Held for 4y 2m	$1.1B
Capital Analysts, Inc. RIA/Wealth	Susan Mary Oberlies President	$65.9M 2.02% of portfolio	2.7M shares	Q3 2023 Held for 2y 2m	$3.3B
Cheviot Value Management, LLC RIA/Wealth	David Aaron Horvitz Managing Partner	$29.6M 3.16% of portfolio	1.2M shares	Q1 2025 Held for 8 months	$939.2M
AMERIPRISE FINANCIAL INC Institution	Jim Cracchiolo CEO	$18.0M 0.00% of portfolio	742.6K shares	Q4 2016 Held for 8y 11m	$433.11B
UBS Group AG Institution	Sergio P. Ermotti CEO	$7.1M 0.00% of portfolio	293.3K shares	Q4 2014 Held for 10y 11m	$511.54B
Bank of New York Mellon Corp Institution	Robin Vince CEO	$6.4M 0.00% of portfolio	263.7K shares	Q4 2024 Held for 11 months	$556.34B
Cetera Investment Advisers RIA/Wealth	Joseph Daniel Neary CEO	$5.7M 0.01% of portfolio	235.3K shares	Q1 2024 Held for 1y 8m	$85.4B
C COURIER CAPITAL CORP RIA/Wealth	James Edward Iglewski President	$5.4M 0.31% of portfolio	223.6K shares	Q2 2024 Held for 1y 5m	$1.7B

Net Capital Flow

Institutional buying and selling activity for TDTF in Q3 2025

Traded: +$13.0M
Buyers: 42
Sellers: 27
Total Bought: +$42.7M
Total Sold: −$29.7M
Avg Position: $9.9M

Biggest Buyers

Institution	Net Bought	Current Position
Cheviot Value Management, LLC RIA/Wealth	+$6.9M +282.2K shares	$29.6M 1.2M shares
NORTHERN TRUST CORP Institution	+$5.5M +226.2K shares	$422.4M 17.4M shares
Cetera Investment Advisers RIA/Wealth	+$5.4M +220.9K shares	$5.7M 235.3K shares
Capital Analysts, Inc. RIA/Wealth	+$4.9M +200.6K shares	$65.9M 2.7M shares
Massey, Quick & Co., LLC RIA/Wealth	+$3.6M +148.1K shares	$3.6M 148.1K shares
Bank of New York Mellon Corp Institution	+$2.7M +113.3K shares	$6.4M 263.7K shares
L LPL Financial LLC Institution	+$2.2M +90.7K shares	$3.3M 137.5K shares
GOLDMAN SACHS GROUP INC Institution	+$2.1M +86.3K shares	$2.1M 86.3K shares
Wealth Architects, LLC RIA/Wealth	+$2.0M +81.3K shares	$67.6M 2.8M shares
AMERIPRISE FINANCIAL INC Institution	+$1.3M +52.4K shares	$18.0M 742.6K shares

Biggest Sellers

Institution	Net Sold	Current Position
R Ronald Blue Trust, Inc. Institution	−$17.1M −703.8K shares	$90.6M 3.7M shares
BANK OF AMERICA CORP /DE/ Institution	−$2.3M −96.2K shares	$3.3M 134.5K shares
F FLOW TRADERS U.S. LLC Institution	−$1.9M −79.3K shares	$1.4M 58.3K shares
J JANE STREET GROUP, LLC Institution	−$1.7M −68.5K shares	$283.9K 11.7K shares
Rockefeller Capital Management L.P. Long Only Manager	−$1.5M −60.9K shares	$2.5M 101.5K shares
Vident Advisory, LLC ETF Provider	−$1.2M −48.8K shares	$4.5M 184.4K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$972.0K −40.4K shares	Sold Off 0 shares
T TBH Global Asset Management, LLC RIA/Wealth	−$773.9K −32.1K shares	Sold Off 0 shares
R ROYAL BANK OF CANADA Institution	−$607.5K −25.0K shares	$170.3K 7.0K shares
L.M. KOHN & COMPANY RIA/Wealth	−$551.5K −22.9K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 10
New Value: $6.2M
Exited Positions: 6
Exited Value: $2.8M

New Positions

Institution	Position Value
Massey, Quick & Co., LLC RIA/Wealth	$3.6M 148.1K shares
Valmark Advisers, Inc. RIA/Wealth	$889.6K 36.7K shares
Empirical Asset Management, LLC RIA/Wealth	$541.1K 22.3K shares
SYNOVUS FINANCIAL CORP Institution	$367.6K 15.1K shares
Equitable Holdings, Inc. Institution	$320.2K 13.2K shares
G GTS SECURITIES LLC Institution	$216.8K 8.9K shares
A Advisory Services Network, LLC RIA/Wealth	$176.7K 7.3K shares
Sontag Advisory, LLC RIA/Wealth	$40.7K 1.7K shares
Smartleaf Asset Management LLC Long Only Manager	$30.7K 1.3K shares
GENWORTH FINANCIAL WEALTH MANAGEMENT, INC Long Only Manager	$7.9K 327.0 shares

Exited Positions

Institution	Previous Position
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$972.0K 40.4K shares
T TBH Global Asset Management, LLC RIA/Wealth	$773.9K 32.1K shares
L.M. KOHN & COMPANY RIA/Wealth	$551.5K 22.9K shares
G GREENLEAF TRUST Institution	$288.9K 12.0K shares
Advisors Preferred, LLC Institution	$167.3K 7.0K shares
$US BANCORP \DE\ logo$ US BANCORP \DE\ Institution	$39.6K 1.6K shares

Options Activity

Institutions with the largest Call and Put options positions in TDTF 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 TDTF as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Wealth Architects, LLC RIA/Wealth	Mark Thomas Johnsen CEO	6.39% $67.6M	2.8M shares	Q3 2021 Held for 4y 2m	$1.1B
Cheviot Value Management, LLC RIA/Wealth	David Aaron Horvitz Managing Partner	3.16% $29.6M	1.2M shares	Q1 2025 Held for 8 months	$939.2M
Capital Analysts, Inc. RIA/Wealth	Susan Mary Oberlies President	2.02% $65.9M	2.7M shares	Q3 2023 Held for 2y 2m	$3.3B
R Ronald Blue Trust, Inc. Institution	-	1.02% $90.6M	3.7M shares	Q2 2022 Held for 3y 5m	$8.9B
Yoder Wealth Management, Inc. RIA/Wealth	Anat Nurit Levy Yoder CEO	0.98% $2.1M	85.5K shares	Q1 2023 Held for 2y 8m	$211.3M
Kendall Capital Management RIA/Wealth	Clark Alan Kendall CEO	0.88% $3.9M	160.8K shares	Q2 2019 Held for 6y 5m	$443.6M
C Chesapeake Wealth Management Institution	-	0.48% $1.6M	65.2K shares	Q2 2021 Held for 4y 5m	$327.8M
TIEMANN INVESTMENT ADVISORS, LLC RIA/Wealth	Jonathan Tiemann President	0.37% $955.2K	39.4K shares	Q1 2018 Held for 7y 8m	$261.4M
C COURIER CAPITAL CORP RIA/Wealth	James Edward Iglewski President	0.31% $5.4M	223.6K shares	Q2 2024 Held for 1y 5m	$1.7B
IFG Advisory, LLC RIA/Wealth	John Land Bridgers CEO	0.24% $5.2M	213.9K shares	Q4 2017 Held for 7y 11m	$2.2B

Hedge Fund Spotlight

Discover hedge funds investing in TDTF

CITADEL ADVISORS LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerKenneth Cordele Griffin

Portfolio Value: $122.08B
Positions: 5,531
Last Reported: Q3 2025

Sector Allocation

Position in FlexShares iBoxx 5-Year Target Duration TIPS Index Fund

Market Value: $1.0M
Shares Held: 42.8K
Portfolio Weight: 0.00%
Owned Since: 2019-Q1

Top Holding	Sector	Market Value	Weight
1 Microsoft MSFT	Software - Infrastructure Technology	$2.1B	1.68%
2 Nvidia NVDA	Semiconductors Technology	$1.8B	1.50%
3 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$1.4B	1.18%