FlexShares US Quality Low Volatility Index Fund (QLV) Holdings
QLV holdings summary
as of Oct 25, 2026- Holdings
- 118 positions listed
- Top 10 weight
- 36.6% of net assets
- Effective holdings
- 46 equal-weight equivalent
- Largest holding
- MSFT 6.33% Microsoft Corporation
- Annual turnover
- 52.4% of the portfolio traded
Top 1036.6%
Top 2555.2%
Top 5074.5%
Top 10097.6%
All QLV holdings
118 holdings
| # | Name | ||||||
|---|---|---|---|---|---|---|---|
| 1 | MSFT | Microsoft Corporation | Technology | 6.33% | $11.5M | $3.93T | 29.5 |
| 2 | NVDA | NVIDIA Corporation | Technology | 6.32% | $11.5M | $5.17T | 27.1 |
| 3 | AAPL | Apple Inc. | Technology | 6.12% | $11.1M | $5.01T | 39.4 |
| 4 | JNJ | Johnson & Johnson | Healthcare | 4.33% | $7.9M | $615.87B | 38.8 |
| 5 | XOM | Exxon Mobil Corporation | Energy | 2.49% | $4.5M | $735.95B | 23.0 |
| 6 | AMZN | Amazon.com, Inc. | Consumer Cyclical | 2.48% | $4.5M | $2.70T | 20.1 |
| 7 | COST | Costco Wholesale Corporation | Consumer Defensive | 2.42% | $4.4M | $438.30B | 47.6 |
| 8 | V | Visa Inc. | Financial Services | 2.28% | $4.1M | $755.84B | 34.3 |
| 9 | BRK.B | Berkshire Hathaway Inc. | Financial Services | 2.02% | $3.7M | $1.14T | 13.4 |
| 10 | GOOGL | Alphabet Inc. | Communication Services | 1.85% | $3.4M | $4.17T | 17.1 |
| 11 | MA | Mastercard Incorporated | Financial Services | 1.74% | $3.2M | $540.87B | 34.0 |
| 12 | ABBV | AbbVie Inc. | Healthcare | 1.74% | $3.2M | $504.37B | 80.6 |
| 13 | AVGO | Broadcom Inc. | Technology | 1.69% | $3.1M | $1.57T | 43.3 |
| 14 | LLY | Eli Lilly and Company | Healthcare | 1.42% | $2.6M | $1.12T | 42.2 |
| 15 | PG | The Procter & Gamble Company | Consumer Defensive | 1.34% | $2.4M | $370.12B | 24.1 |
| 16 | PEP | PepsiCo, Inc. | Consumer Defensive | 1.31% | $2.4M | $179.19B | 16.5 |
| 17 | GOOG | Alphabet Inc. | Communication Services | 1.30% | $2.4M | $4.12T | 16.9 |
| 18 | MRK | Merck & Co., Inc. | Healthcare | 1.27% | $2.3M | $360.08B | 115.8 |
| 19 | KO | The Coca-Cola Company | Consumer Defensive | 1.20% | $2.2M | $404.01B | 28.2 |
| 20 | PANW | Palo Alto Networks, Inc. | Technology | 0.99% | $1.8M | $279.76B | 855.0 |
| 21 | CI | Cigna Corporation | Healthcare | 0.94% | $1.7M | $79.88B | 12.5 |
| 22 | PGR | The Progressive Corporation | Financial Services | 0.93% | $1.7M | $126.81B | 11.0 |
| 23 | META | Meta Platforms, Inc. | Communication Services | 0.91% | $1.7M | $1.81T | 26.7 |
| 24 | TJX | The TJX Companies, Inc. | Consumer Cyclical | 0.90% | $1.6M | $162.06B | 27.3 |
| 25 | VRSN | VeriSign, Inc. | Technology | 0.88% | $1.6M | $27.33B | 32.7 |
| 26 | GILD | Gilead Sciences, Inc. | Healthcare | 0.87% | $1.6M | $193.67B | — |
| 27 | LMT | Lockheed Martin Corporation | Industrials | 0.87% | $1.6M | $127.42B | 20.3 |
| 28 | DUK | Duke Energy Corporation | Utilities | 0.86% | $1.6M | $94.71B | 18.3 |
| 29 | CVX | Chevron Corporation | Energy | 0.85% | $1.6M | $441.34B | 21.2 |
| 30 | ALL | The Allstate Corporation | Financial Services | 0.85% | $1.5M | $62.68B | 5.0 |
| 31 | ED | Consolidated Edison, Inc. | Utilities | 0.84% | $1.5M | $41.52B | 18.2 |
| 32 | IBM | International Business Machines Corporation | Technology | 0.84% | $1.5M | $218.71B | 20.6 |
| 33 | INSW | International Seaways, Inc. | Energy | 0.84% | $1.5M | $5.45B | 7.0 |
| 34 | QLYS | Qualys, Inc. | Technology | 0.83% | $1.5M | $6.26B | 31.4 |
| 35 | DTE | DTE Energy Company | Utilities | 0.78% | $1.4M | $27.00B | 20.6 |
| 36 | TRV | The Travelers Companies, Inc. | Financial Services | 0.76% | $1.4M | $81.25B | 10.5 |
| 37 | COP | ConocoPhillips | Energy | 0.76% | $1.4M | $176.01B | 19.4 |
| 38 | DOX | Amdocs Limited | Technology | 0.76% | $1.4M | $6.27B | 14.3 |
| 39 | KHC | The Kraft Heinz Company | Consumer Defensive | 0.75% | $1.4M | $28.08B | — |
| 40 | RTX | RTX Corporation | Industrials | 0.74% | $1.3M | $261.36B | 34.1 |
| 41 | DLB | Dolby Laboratories, Inc. | Industrials | 0.73% | $1.3M | $5.62B | 25.5 |
| 42 | MCD | McDonald's Corporation | Consumer Cyclical | 0.73% | $1.3M | $171.94B | 19.7 |
| 43 | VZ | Verizon Communications Inc. | Communication Services | 0.73% | $1.3M | $186.09B | 11.7 |
| 44 | CHE | Chemed Corporation | Healthcare | 0.72% | $1.3M | $6.70B | 25.8 |
| 45 | TXN | Texas Instruments Incorporated | Technology | 0.71% | $1.3M | $252.49B | 42.1 |
| 46 | SNA | Snap-on Incorporated | Industrials | 0.71% | $1.3M | $19.00B | 18.7 |
| 47 | CRUS | Cirrus Logic, Inc. | Technology | 0.71% | $1.3M | $5.41B | 13.1 |
| 48 | CB | Chubb Limited | Financial Services | 0.70% | $1.3M | $138.81B | 12.7 |
| 49 | HSY | The Hershey Company | Consumer Defensive | 0.68% | $1.2M | $34.32B | 23.3 |
| 50 | CME | CME Group Inc. | Financial Services | 0.65% | $1.2M | $105.67B | 24.9 |
| 51 | SO | The Southern Company | Utilities | 0.63% | $1.2M | $104.89B | 22.0 |
| 52 | EOG | EOG Resources, Inc. | Energy | 0.62% | $1.1M | $82.88B | 12.3 |
| 53 | AEM | Agnico Eagle Mines Limited | Basic Materials | 0.61% | $1.1M | — | — |
| 54 | LNG | Cheniere Energy, Inc. | Energy | 0.61% | $1.1M | $59.78B | 21.9 |
| 55 | NOC | Northrop Grumman Corporation | Industrials | 0.59% | $1.1M | $73.85B | 16.5 |
| 56 | T | AT&T Inc. | Communication Services | 0.59% | $1.1M | $160.62B | 7.7 |
| 57 | GD | General Dynamics Corporation | Industrials | 0.58% | $1.0M | $93.13B | 21.0 |
| 58 | ROP | Roper Technologies, Inc. | Technology | 0.57% | $1.0M | $37.85B | 15.9 |
| 59 | RNR | RenaissanceRe Holdings Ltd. | Financial Services | 0.56% | $1.0M | $14.59B | 6.1 |
| 60 | EG | Everest Group, Ltd. | Financial Services | 0.55% | $1.0M | $14.92B | 8.2 |
| 61 | CHKP | Check Point Software Technologies Ltd. | Technology | 0.55% | $1.0M | $14.08B | 14.1 |
| 62 | WEC | WEC Energy Group, Inc. | Utilities | 0.55% | $997,697.52 | $35.42B | 21.1 |
| 63 | THG | The Hanover Insurance Group, Inc. | Financial Services | 0.55% | $993,521.53 | $8.11B | 11.2 |
| 64 | AIZ | Assurant, Inc. | Financial Services | 0.55% | $991,524.32 | $13.97B | 13.6 |
| 65 | TMUS | T-Mobile US, Inc. | Communication Services | 0.55% | $989,708.68 | $170.66B | 16.6 |
| 66 | DGX | Quest Diagnostics Incorporated | Healthcare | 0.54% | $975,909.77 | $25.94B | 24.6 |
| 67 | CCE | Coca-Cola European Partners plc | Other | 0.53% | $967,739.36 | — | — |
| 68 | EVRG | Evergy, Inc. | Utilities | 0.53% | $961,021.47 | $19.21B | 21.2 |
| 69 | AEE | Ameren Corporation | Utilities | 0.53% | $959,024.26 | $29.37B | 18.7 |
| 70 | WRB | W. R. Berkley Corporation | Financial Services | 0.53% | $956,663.92 | $28.00B | 15.5 |
| 71 | LSTR | Landstar System, Inc. | Industrials | 0.52% | $952,669.50 | $5.83B | 44.5 |
| 72 | ESS | Essex Property Trust, Inc. | Real Estate | 0.52% | $951,035.42 | $18.57B | 41.9 |
| 73 | EHC | Encompass Health Corporation | Healthcare | 0.52% | $942,138.75 | $12.61B | 21.4 |
| 74 | FCN | FTI Consulting, Inc. | Industrials | 0.49% | $892,934.74 | $4.10B | 17.9 |
| 75 | TRGP | Targa Resources Corp. | Energy | 0.49% | $882,040.87 | $63.24B | 28.2 |
| 76 | NBIX | Neurocrine Biosciences, Inc. | Healthcare | 0.48% | $875,686.10 | $13.79B | 19.9 |
| 77 | MUSA | Murphy USA Inc. | Consumer Cyclical | 0.48% | $873,688.89 | $10.07B | 16.7 |
| 78 | R1D | AERCAP HOLD | Other | 0.47% | $860,616.24 | — | — |
| 79 | AZO | AutoZone, Inc. | Consumer Cyclical | 0.46% | $844,093.86 | $50.47B | 20.5 |
| 80 | OHI | Omega Healthcare Investors, Inc. | Real Estate | 0.46% | $828,660.87 | $14.39B | 16.3 |
| 81 | TSLA | Tesla, Inc. | Consumer Cyclical | 0.46% | $828,479.31 | $1.40T | 328.4 |
| 82 | KLAC | KLA Corporation | Technology | 0.45% | $812,138.49 | $216.29B | 45.3 |
| 83 | FANG | Diamondback Energy, Inc. | Energy | 0.42% | $766,928.90 | $57.11B | 38.8 |
| 84 | LNT | Alliant Energy Corporation | Utilities | 0.42% | $755,490.33 | $17.71B | 21.6 |
| 85 | MU | Micron Technology, Inc. | Technology | 0.40% | $732,068.50 | $994.34B | 11.8 |
| 86 | NTAP | NetApp, Inc. | Technology | 0.39% | $711,733.26 | $40.03B | 28.7 |
| 87 | APPF | AppFolio, Inc. | Technology | 0.39% | $708,283.54 | $7.51B | 48.3 |
| 88 | PTC | PTC Inc. | Technology | 0.38% | $685,951.09 | $20.96B | 18.7 |
| 89 | PNW | Pinnacle West Capital Corporation | Utilities | 0.38% | $685,043.27 | $12.53B | 19.9 |
| 90 | DRI | Darden Restaurants, Inc. | Consumer Cyclical | 0.37% | $667,613.06 | $24.48B | 21.0 |
| 91 | VRTX | Vertex Pharmaceuticals Incorporated | Healthcare | 0.34% | $608,604.57 | $126.66B | 28.9 |
| 92 | AEP | American Electric Power Company, Inc. | Utilities | 0.33% | $607,333.61 | $69.21B | 22.0 |
| 93 | NVMI | Nova Ltd | Technology | 0.33% | $599,163.21 | — | — |
| 94 | JPM | JPMorgan Chase & Co. | Financial Services | 0.30% | $545,601.65 | $902.16B | 14.2 |
| 95 | DBX | Dropbox, Inc. | Technology | 0.30% | $541,425.66 | $7.73B | 19.7 |
| 96 | MPC | Marathon Petroleum Corporation | Energy | 0.28% | $507,654.64 | $134.25B | 16.6 |
| 97 | ADC | Agree Realty Corporation | Real Estate | 0.27% | $486,048.46 | $8.36B | 36.0 |
| 98 | HD | The Home Depot, Inc. | Consumer Cyclical | 0.24% | $442,654.51 | $308.91B | 21.5 |
| 99 | VLTO | Veralto Corporation | Industrials | 0.24% | $436,844.45 | $24.63B | 25.8 |
| 100 | KR | The Kroger Co. | Consumer Defensive | 0.24% | $428,129.35 | $37.58B | 35.4 |
| 101 | LH | Laboratory Corporation of America Holdings | Healthcare | 0.23% | $425,769.01 | $25.79B | 26.3 |
| 102 | EXC | Exelon Corporation | Utilities | 0.21% | $379,833.16 | $44.82B | 16.0 |
| 103 | ACIW | ACI Worldwide, Inc. | Technology | 0.20% | $369,665.54 | $5.33B | 24.1 |
| 104 | JAZZ | Jazz Pharmaceuticals plc | Healthcare | 0.20% | $361,495.13 | $13.65B | 14.4 |
| 105 | KLIC | Kulicke and Soffa Industries, Inc. | Technology | 0.18% | $332,444.80 | $4.11B | 36.1 |
| 106 | CHRD | Chord Energy Corporation | Energy | 0.15% | $277,793.85 | $8.45B | 10.4 |
| 107 | RPRX | Royalty Pharma plc | Healthcare | 0.15% | $275,796.64 | $35.22B | 32.4 |
| 108 | BOX | Box, Inc. | Technology | 0.14% | $252,193.24 | $5.43B | 57.3 |
| 109 | UTHR | United Therapeutics Corporation | Healthcare | 0.11% | $201,536.71 | $22.87B | 19.1 |
| 110 | CPB | Campbell Soup Company | Consumer Defensive | 0.09% | $165,586.92 | $5.93B | 15.2 |
| 111 | MRX | Marex Group plc | Financial Services | 0.07% | $135,810.33 | $5.35B | 14.2 |
| 112 | COR | Cencora | Healthcare | 0.07% | $120,740.46 | $65.06B | 25.3 |
| 113 | AMD | Advanced Micro Devices, Inc. | Technology | 0.05% | $87,332.58 | $863.17B | 134.9 |
| 114 | TRMB | Trimble Inc. | Technology | 0.04% | $69,176.12 | $13.86B | — |
| 115 | TXRH | Texas Roadhouse, Inc. | Consumer Cyclical | 0.03% | $61,005.71 | $11.05B | 26.9 |
| 116 | CDNS | Cadence Design Systems, Inc. | Technology | 0.03% | $52,835.30 | $88.13B | 63.5 |
| 117 | ACGL | Arch Capital Group Ltd. | Financial Services | 0.02% | $34,860.40 | $34.56B | 7.9 |
| 118 | MCK | McKesson Corporation | Healthcare | 0.02% | $34,678.84 | $117.15B | 26.9 |
Weights as a percentage of net assets. Value held = weight × net assets ($181.6M). Market cap and P/E from each company's latest fundamentals (U.S.-listed stocks).
QLV sector breakdown
| Sector | Weight | Holdings | Largest |
|---|---|---|---|
| Technology | 30.6% | 26 | MSFT, NVDA, AAPL |
| Healthcare | 13.9% | 17 | JNJ, ABBV, LLY |
| Financial Services | 13.1% | 16 | V, BRK.B, MA |
| Consumer Defensive | 8.0% | 8 | COST, PG, PEP |
| Energy | 7.5% | 10 | XOM, CVX, INSW |
| Consumer Cyclical | 6.2% | 9 | AMZN, TJX, MCD |
| Utilities | 6.1% | 11 | DUK, ED, DTE |
| Communication Services | 5.9% | 6 | GOOGL, GOOG, META |
| Industrials | 5.5% | 9 | LMT, RTX, DLB |
| Real Estate | 1.2% | 3 | ESS, OHI, ADC |
| Other | 1.0% | 2 | CCE, R1D |
| Basic Materials | 0.6% | 1 | AEM |
Sum of the weights of the holdings in each sector.
QLV top industries
Software - Infrastructure
11.4%
Semiconductors
9.9%
Drug Manufacturers - General
9.6%
Consumer Electronics
6.1%
Utilities - Regulated Electric
6.1%
Insurance - Property & Casualty
4.9%
Internet Content & Information
4.1%
Credit Services
4.0%
Oil & Gas Integrated
3.3%
Aerospace & Defense
2.8%
Beverages - Non-Alcoholic
2.5%
Internet Retail
2.5%
Discount Stores
2.4%
Insurance - Diversified
2.0%
Oil & Gas E&P
2.0%
QLV overlap with other ETFs
| ETF | Fund | Overlap | Shared holdings | Expense ratio |
|---|---|---|---|---|
| YLDY | YLDY | 51.2% | 59 of 199 | — |
| BALI | Blackrock Advantage Large Cap Income ETF | 48.8% | 51 of 190 | 0.35% |
| THRO | iShares U.S. Thematic Rotation Active ETF | 47.8% | 45 of 169 | 0.55% |
| SPY | SPDR S&P 500 ETF | 46.0% | 85 of 502 | 0.09% |
| GPIX | Goldman Sachs S&P 500 Core Premium Income ETF | 45.7% | 85 of 479 | 0.29% |
| AQEC | AQE Core ETF | 44.5% | 39 of 132 | — |
Overlap = sum over shared holdings of the smaller of the two weights. 100% means identical portfolios.
About the QLV portfolio
FlexShares US Quality Low Volatility Index Fund holds 118 positions. The ten largest make up 36.6% of the fund and the top 50 74.5%, so it behaves like a portfolio of about 46 equally weighted stocks. The biggest positions are Microsoft Corporation (6.33%), NVIDIA Corporation (6.32%), Apple Inc. (6.12%), Johnson & Johnson (4.33%), Exxon Mobil Corporation (2.49%).
By sector, Technology is 30.6%, Healthcare is 13.9%, Financial Services is 13.1%. Holdings data is from the fund's latest portfolio as reported by EODHD on October 25, 2026; positions change as the fund rebalances.
Related: QLV chart, QLV performance, QLV dividends, QLV valuation, QLV overview.
QLV holdings FAQ
How many holdings does QLV have?
QLV holds 118 positions as of October 25, 2026.
What are the top 10 holdings of QLV?
The ten largest holdings are Microsoft Corporation (6.33%), NVIDIA Corporation (6.32%), Apple Inc. (6.12%), Johnson & Johnson (4.33%), Exxon Mobil Corporation (2.49%), Amazon.com, Inc. (2.48%), Costco Wholesale Corporation (2.42%), Visa Inc. (2.28%), Berkshire Hathaway Inc. (2.02%), Alphabet Inc. (1.85%). Together they are 36.6% of the fund.
What percentage of QLV is Microsoft Corporation?
Microsoft Corporation is the largest holding at 6.33% of net assets, about $11.5M of the fund's $181.6M.
Which sector is the largest in QLV?
Technology is the largest sector at 30.6%, followed by Healthcare (13.9%) and Financial Services (13.1%), based on the sectors of the individual holdings.
How concentrated is QLV?
The top 10 holdings are 36.6% of the fund. By the effective number of holdings (1 divided by the sum of squared weights) QLV behaves like a portfolio of about 46 equally weighted stocks.