Vault-13

INVESCO EXCHANGE TRADED FD T RFV

S&P MDCP400 VL · ETP · CUSIP 46137V191

88 institutional holders +6 vs Q3 2025
1,049,2721.0m shares reported held*
$134.1mreported value*
8 new 34 added 23 reduced 4 sold out net bought ≈ $9.0m (+70.1k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($334.2k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $127.82.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 42Q4 22: 62Q1 23: 63Q2 23: 54Q3 23: 64Q4 23: 74Q1 24: 79Q2 24: 79Q3 24: 79Q4 24: 86Q1 25: 82Q2 25: 78Q3 25: 82Q4 25: 8888Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202242
Q4 202262
Q1 202363
Q2 202354
Q3 202364
Q4 202374
Q1 202479
Q2 202479
Q3 202479
Q4 202486
Q1 202582
Q2 202578
Q3 202582
Q4 202588

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
50050Q1 24: 41 bought or addedQ1 24: 29 cut or sold outQ2 24: 39 bought or addedQ2 24: 29 cut or sold outQ2 24Q3 24: 31 bought or addedQ3 24: 28 cut or sold outQ4 24: 39 bought or addedQ4 24: 22 cut or sold outQ4 24Q1 25: 38 bought or addedQ1 25: 25 cut or sold outQ2 25: 28 bought or addedQ2 25: 40 cut or sold outQ2 25Q3 25: 46 bought or addedQ3 25: 20 cut or sold outQ4 25: 42 bought or addedQ4 25: 27 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20244129
Q2 20243929
Q3 20243128
Q4 20243922
Q1 20253825
Q2 20252840
Q3 20254620
Q4 20254227

Biggest buyers

LPL Financial LLC Added +83,424+83.4k
Merit Financial Group, LLC New +29,395+29.4k
ROYAL BANK OF CANADA Added +10,131+10.1k
TWO SIGMA INVESTMENTS, LP New +8,300+8.3k
WELLS FARGO & COMPANY/MN Added +7,049+7.0k
CITADEL ADVISORS LLC New +5,851+5.9k
Kestra Advisory Services, LLC Added +4,669+4.7k
Thrivent Financial for Lutherans New +3,582+3.6k
Saxony Capital Management, LLC Added +3,009+3.0k
Cetera Investment Advisers Added +2,875+2.9k

Biggest sellers

Sanctuary Advisors, LLC Reduced -37,720-37.7k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -33,424-33.4k
SAGESPRING WEALTH PARTNERS, LLC Reduced -12,615-12.6k
Focus Partners Advisor Solutions, LLC Reduced -9,466-9.5k
GOLDMAN SACHS GROUP INC Reduced -5,794-5.8k
OSAIC HOLDINGS, INC. Reduced -5,580-5.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -1,980-2.0k
Cambridge Investment Research Advisors, Inc. Reduced -981-981
ELEVATION WEALTH PARTNERS, LLC Sold out -650-650
Cadent Capital Advisors, LLC Reduced -611-611

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 178,393178.4k $22.8m $22.8m 0.00% Added +1.7k +1,734
2 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 169,208169.2k $21.6m $21.6m 0.01% Added +83.4k +83,424
3 Stratos Wealth Advisors, LLC 0.49% of their portfolio BEACHWOOD, OH 79,42079.4k $10.1m $10.1m 0.49% Added +2.6k +2,647
4 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 62,03762.0k $7.9m $7.9m 0.00% Added +10.1k +10,131
5 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 50,47950.5k $6.5m $6.5m 0.00% Added +361 +361
6 Sanctuary Advisors, LLC 0.03% of their portfolio INDIANAPOLIS, IN 49,69449.7k $6.4m $6.4m 0.03% Reduced -37.7k -37,720
7 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 43,07943.1k $5.5m $5.5m 0.00% Added +1.8k +1,814
8 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 37,55737.6k $4.8m $4.8m 0.01% Reduced -33.4k -33,424
9 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 37,29237.3k $4.8m $4.8m 0.01% Added +2.9k +2,875
10 Merit Financial Group, LLC 0.03% of their portfolio ALPHARETTA, GA 29,39529.4k $3.8m $3.8m 0.03% New
11 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 19,76119.8k $2.5m $2.5m 0.01% Reduced -981 -981
12 Kingsview Wealth Management, LLC 0.04% of their portfolio GRANTS PASS, OR 19,27719.3k $2.5m $2.5m 0.04% Added +1.3k +1,333
13 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 15,60215.6k $2.0m $2.0m 0.00% Added +7.0k +7,049
14 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 13,77313.8k $1.8m $1.8m 0.00% Reduced -5.6k -5,580
15 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 12,87812.9k $1.6m $1.6m 0.00% Added +893 +893
16 Focus Partners Advisor Solutions, LLC 0.02% of their portfolio SAINT LOUIS, MO 12,09512.1k $1.5m $1.5m 0.02% Reduced -9.5k -9,466
17 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 11,44011.4k $1.5m $1.5m 0.00% Added +1.5k +1,490
18 BNB Wealth Management, LLC 0.90% of their portfolio SILVER SPRING, MD 10,96311.0k $1.4m $1.4m 0.90% First filing
19 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 9,8249.8k $1.3m $1.3m 0.00% Added +536 +536
20 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 9,3149.3k $1.2m $1.2m 0.00% Added +4.7k +4,669
21 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 8,3008.3k $1.1m $1.1m 0.00% New
22 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 8,0548.1k $1.0m $1.0m 0.00% Reduced -188 -188
23 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 7,4867.5k $956.6k $956.6k 0.01% Added +448 +448
24 Strategic Blueprint, LLC 0.05% of their portfolio ATLANTA, GA 7,1927.2k $919.1k $919.1k 0.05% Added +1.2k +1,207
25 Cadent Capital Advisors, LLC 0.24% of their portfolio TULSA, OK 7,0997.1k $907.3k $907.3k 0.24% Reduced -611 -611
26 Axiom Financial Strategies, LLC 0.31% of their portfolio NEW ALBANY, IN 5,8585.9k $748.6k $748.6k 0.31% Added +142 +142
27 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 5,8515.9k $747.8k $747.8k 0.00% New
28 Saxony Capital Management, LLC 0.42% of their portfolio ST. LOUIS, MO 5,3135.3k $679.0k $679.0k 0.42% Added +3.0k +3,009
29 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 5,1335.1k $656.0k $656.0k 0.00% Unchanged
30 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 4,9454.9k $632.1k $632.1k 0.01% Added +144 +144
31 HARBOUR INVESTMENTS, INC. 0.01% of their portfolio MADISON, WI 4,8764.9k $623.1k $623.1k 0.01% Reduced -415 -415
32 Running Point Capital Advisors, LLC 0.17% of their portfolio EL SEGUNDO, CA 4,7424.7k $606.0k $606.0k 0.17% Reduced -10 -10
33 UBS Group AG 0.00% of their portfolio ZURICH, V8 4,5804.6k $585.3k $585.3k 0.00% Added +770 +770
34 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 4,5584.6k $582.5k $582.5k 0.00% Added +778 +778
35 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 4,3954.4k $561.7k $561.7k 0.00% Reduced -5.8k -5,794
36 Twelve Points Wealth Management LLC 0.13% of their portfolio CONCORD, MA 4,2104.2k $564.6k $564.6k 0.13% Reduced -270 -270
37 Greenline Wealth Management LLC 0.54% of their portfolio BOCA RATON, FL 4,0814.1k $521.6k $521.6k 0.54% First filing
38 Arkadios Wealth Advisors 0.01% of their portfolio ATLANTA, GA 3,9073.9k $499.3k $499.3k 0.01% Added +191 +191
39 Waverly Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 3,8133.8k $487.3k $487.3k 0.00% Added +3 +3
40 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 3,8113.8k $487.1k $487.1k 0.00% Reduced -100 -100
41 Unified Investment Management 0.48% of their portfolio Atlanta, GA 3,6883.7k $471.3k $471.3k 0.48% Added +131 +131
42 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 3,6343.6k $464.4k $464.4k 0.00% Added +688 +688
43 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 3,5823.6k $458.0k $458.0k 0.00% New
44 Fifth Third Securities, Inc. 0.03% of their portfolio Cincinnati, OH 3,0303.0k $387.2k $387.2k 0.03% Reduced -12 -12
45 J.W. COLE ADVISORS, INC. 0.01% of their portfolio TAMPA, FL 2,9182.9k $372.9k $372.9k 0.01% Reduced -5 -5
46 Dale Q Rice Investment Management Ltd 0.26% of their portfolio VANCOUVER, WA 2,8822.9k $368.3k $368.3k 0.26% Reduced -384 -384
47 PRINCIPAL SECURITIES, INC. 0.01% of their portfolio DES MOINES, IA 2,8732.9k $367.2k $367.2k 0.01% Added +46 +46
48 S.A. Mason LLC 0.14% of their portfolio HOLLAND, MI 2,8202.8k $360.4k $360.4k 0.14% Unchanged
49 SCOTIA CAPITAL INC. 0.00% of their portfolio TORONTO, A6 2,6382.6k $337.1k $337.1k 0.00% Unchanged
50 BANK OF NOVA SCOTIA 0.00% of their portfolio TORONTO, A6 2,6152.6k $334.2k $334.2k 0.00% Unchanged
51 VISTA INVESTMENT PARTNERS II, LLC 0.14% of their portfolio RICHMOND, IN 2,6132.6k $333.9k $333.9k 0.14% Reduced -380 -380
52 INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio SAN DIEGO, CA 2,3882.4k $305.2k $305.2k 0.01% Reduced -240 -240
53 THOROUGHBRED FINANCIAL SERVICES, LLC 0.02% of their portfolio BRENTWOOD, TN 2,3632.4k $302.0k $302.0k 0.02% Reduced -6 -6
54 FISCHER INVESTMENT STRATEGIES, LLC 0.17% of their portfolio Westlake Village, CA 2,3482.3k $300.0k $300.0k 0.17% New
55 Reliant Investment Partners, LLC 0.22% of their portfolio PINEHURST, NC 2,2192.2k $283.6k $283.6k 0.22% Reduced -46 -46
56 CoreCap Advisors, LLC 0.01% of their portfolio SOUTHFIELD, MI 2,1332.1k $272.6k $272.6k 0.01% Added +822 +822
57 INTEGRITY ALLIANCE, LLC. 0.01% of their portfolio Urbandale, IA 1,9742.0k $252.3k $252.3k 0.01% Added +6 +6
58 GREENLEAF TRUST 0.00% of their portfolio KALAMAZOO, MI 1,8251.8k $233.2k $233.2k 0.00% Unchanged
59 Well Done, LLC 0.03% of their portfolio HOLLAND, MI 1,8251.8k $233.2k $233.2k 0.03% Unchanged
60 Purus Wealth Management, LLC 0.07% of their portfolio Newport Beach, CA 1,8111.8k $231.5k $231.5k 0.07% Added +1 +1
61 Geneos Wealth Management Inc. 0.01% of their portfolio ENGLEWOOD, CO 1,8061.8k $230.8k $230.8k 0.01% Added +1.7k +1,713
62 FMR LLC 0.00% of their portfolio BOSTON, MA 1,7641.8k $225.4k $225.4k 0.00% Added +509 +509
63 SAGESPRING WEALTH PARTNERS, LLC 0.00% of their portfolio FRANKLIN, TN 1,7461.7k $223.2k $223.2k 0.00% Reduced -12.6k -12,615
64 SIGNATURE ESTATE & INVESTMENT ADVISORS LLC 0.00% of their portfolio LOS ANGELES, CA 1,7371.7k $222.0k $222.0k 0.00% Added +15 +15
65 Prospera Financial Services Inc 0.00% of their portfolio Dallas, TX 1,6851.7k $215.3k $215.3k 0.00% Unchanged
66 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 1,6001.6k $204.5k $204.5k 0.00% Unchanged
67 FLAGSHIP HARBOR ADVISORS, LLC 0.01% of their portfolio BOSTON, MA 1,3231.3k $169.1k $169.1k 0.01% New
68 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 1,2371.2k $158.2k $158.2k 0.00% Reduced -206 -206
69 JNBA Financial Advisors 0.01% of their portfolio BLOOMINGTON, MN 1,0911.1k $139.4k $139.4k 0.01% Unchanged
70 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 1,0591.1k $135.3k $135.3k 0.00% Reduced -12 -12
71 Golden State Wealth Management, LLC 0.01% of their portfolio SANTA ANA, CA 797797 $101.9k $101.9k 0.01% Added +783 +783
72 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 774774 $99.0k $99.0k 0.00% Reduced -43 -43
73 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 650650 $83.1k $83.1k 0.00% Unchanged
74 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 600600 $76.7k $76.7k 0.00% Unchanged
75 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 496496 $63.4k $63.4k 0.00% Unchanged
76 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 432432 $55.2k $55.2k 0.00% Unchanged
77 GLENMEDE TRUST CO NA 0.00% of their portfolio PHILADELPHIA, PA 353353 $45.1k $45.1k 0.00% First filing
78 UMB Bank, n.a. 0.00% of their portfolio Kansas City, MO 200200 $25.6k $25.6k 0.00% Unchanged
79 Bogart Wealth, LLC 0.00% of their portfolio MCLEAN, VA 175175 $22.3k $22.3k 0.00% Added +1 +1
80 McIlrath & Eck, LLC 0.00% of their portfolio ARLINGTON, WA 137137 $17.5k $17.5k 0.00% Unchanged
81 CWM, LLC 0.00% of their portfolio OMAHA, NE 111111 $14.0k $14.0k 0.00% Unchanged
82 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 110110 $14.1k $14.1k 0.00% Added +93 +93
83 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 4747 $6.0k $6.0k 0.00% Unchanged
84 Archer Investment Corp 0.00% of their portfolio Carmel, IN 4444 $5.6k $5.6k 0.00% Unchanged
85 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 3030 $3.9k $3.9k 0.00% New
86 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 1212 $1.5k $1.5k 0.00% Unchanged
87 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.00% of their portfolio CINCINNATI, OH 77 $895 $895 0.00% Unchanged
88 OGOREK ANTHONY JOSEPH /NY/ /ADV 0.00% of their portfolio WILLIAMSVILLE, NY 00 $0 $0 0.00% New