SEC 13F Intelligence

Managers / Q4 2023 · view latest →

FLOW TRADERS U.S. LLC

CIK 0001466697 · 1114 AVENUE OF THE AMERICAS, 4TH FLOOR, NEW YORK, NY, 10036 · 917-210-5094

Reported Value
$3.3B
Q4 2023
Positions
850
Filings on Record
33
2019–present window
Filed
Feb 14, 2024
original filing

Summary

Flow Traders U.S. LLC reported $3.3B in U.S.-listed holdings across 850 positions for Q4 2023.

Its largest position, SPY, represents 18.5% of the portfolio.

Compared with Q3 2023, the fund opened 370 new positions and exited 429.

Portfolio Metrics

Turnover
+51.7%
vs prior filed quarter
Top-10 Concentration
+43.2%
share of reported value
Largest Position
+18.5%
Spdr S P 500 Etf
New / Exited
370 / 429
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $1.7BQ4 ’18Q1 ’19: $1.7BQ2 ’19: $1.5BQ3 ’19: $1.4BQ4 ’19: $1.2BQ4 ’19Q1 ’20: $1.8BQ2 ’20: $1.3BQ3 ’20: $1.3BQ4 ’20: $1.5BQ4 ’20Q1 ’21: $1.8BQ2 ’21: $2.0BQ3 ’21: $2.5BQ4 ’21: $3.7BQ4 ’21Q1 ’22: $2.9BQ2 ’22: $1.9BQ3 ’22: $1.9BQ1 ’23: $2.5BQ1 ’23Q2 ’23: $2.3BQ3 ’23: $2.1BQ4 ’23: $3.3BQ1 ’24: $1.9BQ1 ’24Q2 ’24: $2.0BQ3 ’24: $2.0BQ4 ’24: $2.5BQ1 ’25: $2.4BQ1 ’25Q2 ’25: $2.7BQ3 ’25: $2.5BQ4 ’25: $3.1BQ1 ’26: $3.2BQ1 ’26filingsflow.com

Portfolio Composition

By security type
ETP: 97.4%Other: 1.1%Common Stock: 1.0%ADR: 0.5%Unit: 0.0%Other: 0.0%
  • ETP · 97.4% · $3.2B
  • Other · 1.1% · $35M
  • Common Stock · 1.0% · $32M
  • ADR · 0.5% · $17M
  • Unit · 0.0% · $156,000
  • Other · 0.0% · $43,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SPYSPDR S&P 500 ETF TrustNEW+1.27M1.27M+$603M$603M
DIASPDR Dow Jones Industrial Average ETF TrustNEW+389.1K389.1K+$147M$147M
VXUSVanguard Total International Stock ETFNEW+2.34M2.34M+$135M$135M
IWMiShares Russell 2000 ETFNEW+328.0K328.0K+$66M$66M
GSYInvesco Ultra Short Duration ETFNEW+992.4K992.4K+$49M$49M
GSIDGoldman Sachs MarketBeta International Equity ETFNEW+809.0K809.0K+$43M$43M
PULSPGIM Ultra Short Bond ETFNEW+873.9K873.9K+$43M$43M
MCHIiShares MSCI China ETFNEW+748.2K748.2K+$30M$30M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2023

497 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SPYSPDR S&P 500 ETF Trusthistory →ETP18.46%$603M1.27M
2DIASPDR Dow Jones Industrial Average ETF Trusthistory →ETP4.49%$147M389.1K
3VXUSVanguard Total International Stock ETFhistory →ETP4.15%$135M2.34M
4QQQInvesco QQQ Trust Series 1history →ETP3.90%$128M311.4K
5VPLVanguard FTSE Pacific ETFhistory →ETP2.71%$89M1.23M
6TLTiShares 20 Year Treasury Bond ETFhistory →ETP2.47%$81M814.8K
7IWMiShares Russell 2000 ETFhistory →ETP2.02%$66M328.0K
8VGKVanguard FTSE Europe ETFhistory →ETP1.98%$65M1.00M
9IEURiShares Core MSCI Europe ETFhistory →ETP1.53%$50M909.2K
10VWOVanguard FTSE Emerging Markets ETFhistory →ETP1.52%$50M1.20M
11GSYInvesco Ultra Short Duration ETFhistory →ETP1.52%$49M992.4K
12GSIDGoldman Sachs MarketBeta International Equity ETFhistory →ETP1.33%$43M809.0K
13PULSPGIM Ultra Short Bond ETFhistory →ETP1.32%$43M873.9K
14IEViShares Europe ETFhistory →ETP1.24%$40M763.8K
15MUBiShares National AMT-Free Muni Bond ETFhistory →ETP1.09%$36M329.7K
16MINTPIMCO Enhanced Short Maturity Active Exchange-Traded Fundhistory →ETP1.07%$35M351.6K
17EWUiShares MSCI United Kingdom ETFhistory →ETP1.07%$35M1.05M
18MCHIiShares MSCI China ETFhistory →ETP0.93%$30M748.2K
19USOUnited States Oil Fund LPhistory →ETP0.82%$27M402.0K
20GLDSPDR Gold Shareshistory →ETP0.82%$27M139.3K
21GBILGoldman Sachs Treasury Access 0-1 Year ETFhistory →ETP0.78%$25M255.3K
22EWJiShares MSCI Japan ETFhistory →ETP0.75%$25M383.7K
23ACWIiShares MSCI ACWI ETFhistory →ETP0.75%$25M241.8K
24INDAiShares MSCI India ETFhistory →ETP0.74%$24M496.2K
25EFGiShares MSCI EAFE Growth ETFhistory →ETP0.67%$22M224.3K
26EWAiShares MSCI Australia ETFhistory →ETP0.65%$21M873.7K
27VEAVanguard FTSE Developed Markets ETFhistory →ETP0.64%$21M433.0K
28FLEEFranklin FTSE Europe ETFhistory →ETP0.60%$20M698.8K
29FTSMFirst Trust Enhanced Short Maturity ETFhistory →ETP0.60%$19M326.5K
30EWYiShares MSCI South Korea Capped ETFhistory →ETP0.60%$19M297.2K
31GEMGoldman Sachs ActiveBeta Emerging Markets Equity ETFhistory →ETP0.53%$17M565.7K
32GSIEGoldman Sachs ActiveBeta International Equity ETFhistory →ETP0.52%$17M524.7K
33TLTDFlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fundhistory →ETP0.45%$15M216.4K
34VOOVanguard S&P 500 ETFhistory →ETP0.45%$15M33.4K
35TQQQProShares UltraPro QQQhistory →ETP0.45%$15M287.0K
36EEMAiShares MSCI Emerging Markets Asia ETFhistory →ETP0.43%$14M213.2K
37Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETFETP0.42%$14M425.3K
38IVViShares Core S&P 500 ETFhistory →ETP0.41%$13M28.1K
39TSLATesla Motors Inchistory →Common Stock0.40%$13M53.1K
40SPDR S&P Emerging Markets ETFETP0.39%$13M360.3K
41DXJWisdomTree Japan Hedged Equity Fundhistory →ETP0.39%$13M144.6K
42JPMorgan BetaBuilders Developed Asia EX-Japan ETFETP0.39%$13M256.2K
43EFAiShares MSCI EAFE ETFhistory →ETP0.37%$12M160.5K
44EWQiShares MSCI France ETFhistory →ETP0.36%$12M299.0K
45EWLiShares MSCI Switzerland Capped ETFhistory →ETP0.36%$12M240.7K
46AIAiShares Asia 50 ETFETP0.28%$9M160.4K
47IWDiShares Russell 1000 Value ETFETP0.27%$9M53.9K
48SPDR STOXX Europe 50 ETFETP0.27%$9M220.4K
49SCZiShares MSCI EAFE Small-Cap ETFETP0.27%$9M140.3K
50DFEMDimensional Emerging Markets Core Equity 2 ETFETP0.26%$8M337.0K
51BKLNInvesco Senior Loan ETFETP0.26%$8M395.8K
52iShares MSCI ACWI Low Carbon Target ETFETP0.26%$8M50.5K
53EPPiShares MSCI Pacific ex Japan ETFETP0.25%$8M188.7K
54BSJV000.25%$8M316.3K
55VTIPVanguard Short-Term Inflation-Protected Securities ETFETP0.24%$8M166.0K
56SCHPSchwab U.S. TIPs ETFETP0.24%$8M147.6K
57URAGlobal X Uranium ETFETP0.22%$7M264.8K
58EWDiShares MSCI Sweden ETFETP0.22%$7M183.9K
59JPMBJPMorgan USD Emerging Markets Sovereign Bond ETFETP0.22%$7M181.2K
60Sprott Physical Silver TrustClosed-End Fund0.21%$7M868.1K
61iShares MSCI Saudi Arabia Capped ETFETP0.21%$7M164.5K
62JPXNiShares Japan Large-Cap ETFETP0.21%$7M99.4K
63IGROiShares International Dividend Growth ETFETP0.20%$7M101.1K
64EMGFiShares FactorSelect MSCI Emerging ETFETP0.20%$6M150.0K
65AXS TSLA Bear Daily ETFETP0.20%$6M229.2K
66CEMBiShares Emerging Markets Corporate Bond ETFETP0.20%$6M145.0K
67Aberdeen Standard Physical Swiss Gold Shares ETFETP0.20%$6M323.4K
68Direxion Daily MSCI Brazil Bull 2X SharesETP0.19%$6M61.7K
69SHViShares Short Treasury Bond ETFETP0.19%$6M57.3K
70XLKTechnology Select Sector SPDR FundETP0.19%$6M32.6K
71CXSEWisdomTree China Dividend Ex-Financials FundETP0.19%$6M221.7K
72IGViShares North American Tech-Software ETFETP0.19%$6M15.0K
73GWXSPDR S&P International Small Cap ETFETP0.19%$6M191.3K
74IQDFFlexShares International Quality Dividend Index FundETP0.18%$6M252.6K
75VEUVanguard FTSE All-World ex-US ETFETP0.18%$6M103.3K
76SPIBSPDR Barclays Intermediate Term Corporate Bond ETFETP0.18%$6M175.3K
77Sprott Physical Gold TrustClosed-End Fund0.17%$6M349.5K
78MDYSPDR S&P MidCap 400 ETF TrustETP0.17%$5M10.7K
79BKSEBNY Mellon US Small Cap Core Equity ETFETP0.17%$5M57.9K
80FLJPFranklin FTSE Japan ETFETP0.17%$5M192.8K
81JETSUS Global Jets ETFETP0.16%$5M276.5K
82United States Natural Gas Fund LPETP0.16%$5M1.04M
83PXFInvesco FTSE RAFI Developed Markets ex-US ETFETP0.16%$5M110.6K
84JPMorgan Diversified Return International Equity ETFETP0.16%$5M95.9K
85EWTiShares MSCI Taiwan ETFETP0.16%$5M113.1K
86MINVMatthews Asia Innovators Active ETFETP0.16%$5M221.9K
87SHYiShares 1-3 Year Treasury Bond ETFETP0.16%$5M63.0K
88VGTVanguard Information Technology ETFETP0.16%$5M10.6K
89GXUSGoldman Sachs Marketbeta Total International Equity ETFETP0.16%$5M118.8K
90DEMWisdomTree Emerging Markets Equity Income FundETP0.15%$5M120.7K
91TOKiShares MSCI Kokusai ETFETP0.15%$5M48.9K
92BILSPDR Bloomberg Barclays 1-3 Month T-Bill ETFETP0.14%$5M51.6K
93FLSWFranklin FTSE Switzerland ETFETP0.14%$5M141.7K
94EETProShares Ultra MSCI Emerging MarketsETP0.14%$5M92.1K
95DLSWisdomTree International SmallCap Dividend FundETP0.14%$5M72.3K
96SMMUPIMCO Short Term Municipal Bond Active Exchange-Traded FundETP0.14%$5M91.9K
97STIPiShares 0-5 Year TIPS Bond ETFETP0.14%$5M46.3K
98XLYConsumer Discretionary Select Sector SPDR FundETP0.14%$4M25.1K
99FGDFirst Trust DJ Global Select Dividend Index FundETP0.14%$4M201.3K
100SMHVanEck Vectors Semiconductor ETFETP0.13%$4M25.2K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$3.2B985May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$3.1B889Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$2.5B923Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$2.7B915Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$2.4B903May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$2.5B1,001Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$2.0B895Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$2.0B890Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$1.9B813May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$3.3B850Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$2.1B909Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$2.3B897Aug 9, 202313F-HRchanges · EDGAR ↗
Q1 2023$2.5B931May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review885Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$1.9B1,030Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$1.9B802Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$2.9B777May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021REVEALED$3.7B1,477Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$2.5B972Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021REVEALED$2.0B1,270Aug 24, 2021RESTATEMENTchanges · EDGAR ↗
Q1 2021$1.8B801May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$1.5B588Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$1.3B503Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$1.3B420Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$1.8B353May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$1.2B278Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$1.4B328Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$1.5B272Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$1.7B307May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$1.7B279Feb 13, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.