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FLEXSHARES US MARKET TILT ETF
FLEXSHARES US MARKET TILT ETF. Institutional holdings reported to the SEC.

Institutional Holders (2016Q3)
Portfolio Summary: 31 Institutional holders with a total value of $817,544,000.
#
Manager Name
Shares
Value ($)
%
Options
Notes
1 NORTHERN TRUST CORP 7,545,940 683,941,000 83.66%
2 Efficient Advisors, LLC 667,423 60,494,000 7.40%
3 C-J ADVISORY, INC. 272,286 24,679,000 3.02%
4 AMERIPRISE FINANCIAL INC 167,715 15,201,000 1.86%
5 Commonwealth Equity Services, Inc 155,368 14,082,000 1.72%
6 SENTINEL TRUST CO LBA 42,932 3,891,000 0.48%
7 MORGAN STANLEY 36,009 3,264,000 0.40%
8 CITADEL ADVISORS LLC 23,730 2,151,000 0.26%
9 SUSQUEHANNA INTERNATIONAL GROUP, LLP 19,673 1,783,000 0.22%
10 LADENBURG THALMANN FINANCIAL SERVICES INC. 14,769 1,339,000 0.16%
11 Private Ocean, LLC 13,341 1,209,000 0.15%
12 ENVESTNET ASSET MANAGEMENT INC 12,324 1,117,000 0.14%
13 ROYAL BANK OF CANADA 7,419 672,000 0.08%
14 LPL Financial LLC 7,085 636,000 0.08%
15 LINCOLN NATIONAL CORP 6,348 575,000 0.07%
16 RAY GERALD L & ASSOCIATES LTD 4,300 390,000 0.05%
17 ADVISOR GROUP, INC. 3,720 337,000 0.04%
18 US BANCORP \DE\ 3,393 308,000 0.04%
19 Bank of New York Mellon Corp 3,007 272,000 0.03%
20 Family Firm, Inc. 9,700 251,000 0.03%
21 GLENMEDE TRUST CO NA 2,600 235,000 0.03%
22 BANK OF MONTREAL /CAN/ 2,000 181,000 0.02%
23 BESSEMER GROUP INC 1,900 172,000 0.02%
24 UBS Group AG 1,700 154,000 0.02%
25 WELLS FARGO & COMPANY/MN 1,244 113,000 0.01%
26 Plante Moran Financial Advisors, LLC 500 45,000 0.01%
27 BANK OF AMERICA CORP /DE/ 245 22,000 0.00%
28 GENEOS WEALTH MANAGEMENT INC. 183 16,000 0.00%
29 CITIGROUP INC 89 8,000 0.00%
30 MSI Financial Services Inc 70 6,000 0.00%
31 Parallax Volatility Advisers, L.P. 1 0 0.00%

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.