Vault-13

INVESCO EXCHANGE TRADED FD T XLG

S&P 500 TOP 50 · ETP · CUSIP 46137V233

567 institutional holders +12 vs Q2 2025
103,102,341103.1m shares reported held*
$6.1bnreported value*
58 new 289 added 134 reduced 35 sold out net bought ≈ $575.0m (+6.6m 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 ($12.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $58.74. Options: 4 managers hold calls ($3.4m notional), 1 hold puts ($241.6k).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 207Q4 22: 206Q1 23: 211Q2 23: 224Q3 23: 236Q4 23: 280Q1 24: 339Q2 24: 386Q3 24: 416Q4 24: 473Q1 25: 525Q2 25: 555Q3 25: 567567Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022207
Q4 2022206
Q1 2023211
Q2 2023224
Q3 2023236
Q4 2023280
Q1 2024339
Q2 2024386
Q3 2024416
Q4 2024473
Q1 2025525
Q2 2025555
Q3 2025567

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 23: 148 bought or addedQ4 23: 97 cut or sold outQ1 24: 198 bought or addedQ1 24: 106 cut or sold outQ1 24Q2 24: 239 bought or addedQ2 24: 108 cut or sold outQ3 24: 228 bought or addedQ3 24: 149 cut or sold outQ3 24Q4 24: 272 bought or addedQ4 24: 127 cut or sold outQ1 25: 294 bought or addedQ1 25: 205 cut or sold outQ1 25Q2 25: 319 bought or addedQ2 25: 206 cut or sold outQ3 25: 347 bought or addedQ3 25: 169 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 202314897
Q1 2024198106
Q2 2024239108
Q3 2024228149
Q4 2024272127
Q1 2025294205
Q2 2025319206
Q3 2025347169

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$2m$4m$6mQ4 24 calls: $2.7mQ4 24 puts: $569.5kQ4 24P/C 0.21Q1 25 calls: $925.0kQ1 25 puts: $230.1kQ1 25P/C 0.25Q2 25 calls: $4.7mQ2 25 puts: $630.4kQ2 25P/C 0.13Q3 25 calls: $3.4mQ3 25 puts: $241.6kQ3 25P/C 0.07
Numbers
QuarterCallsPutsP/C
Q4 2024$2.7m$569.5k0.21
Q1 2025$925.0k$230.1k0.25
Q2 2025$4.7m$630.4k0.13
Q3 2025$3.4m$241.6k0.07

Biggest buyers

JPMORGAN CHASE & CO Added +5,108,458+5.1m
Sanctuary Advisors, LLC Added +868,765+868.8k
AMERIPRISE FINANCIAL INC Added +729,356+729.4k
OSAIC HOLDINGS, INC. Added +536,012+536.0k
Austin Private Wealth, LLC Added +437,651+437.7k
Advocacy Wealth Management, LLC Added +395,581+395.6k
Johnson Financial Group, Inc. Added +304,958+305.0k
BANK OF AMERICA CORP /DE/ Added +291,048+291.0k
C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors Added +290,477+290.5k
Horst & Graben Wealth Management LLC Added +217,550+217.6k

Biggest sellers

Soundwatch Capital LLC Reduced -3,429,684-3.4m
ROYAL BANK OF CANADA Reduced -1,939,855-1.9m
Private Advisor Group, LLC Reduced -652,301-652.3k
TWO SIGMA INVESTMENTS, LP Reduced -606,800-606.8k
UBS Group AG Reduced -370,871-370.9k
Rockefeller Capital Management L.P. Reduced -290,354-290.4k
Bricktown Capital, LLC Sold out -283,766-283.8k
Mirae Asset Global Investments Co., Ltd. Reduced -212,964-213.0k
Integrated Wealth Concepts LLC Reduced -199,598-199.6k
Stenger Family Office, LLC Reduced -163,021-163.0k

Biggest calls

CITADEL ADVISORS LLC Reduced $1.5m25.3k shares
JANE STREET GROUP, LLC New $1.1m18.5k shares
WOLVERINE TRADING, LLC New $458.2k8.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $419.9k7.3k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $241.6k4.2k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.18% of their portfolio FORT MILL, SC 10,697,69510.7m $615.3m $615.3m 0.18% Reduced -105.6k -105,558
2 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 7,573,2047.6m $435.6m $435.6m 0.01% Added +5.1m +5,108,458
3 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 6,833,3336.8m $393.1m $393.1m 0.02% Added +209.1k +209,095
4 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 4,248,3304.2m $244.4m $244.4m 0.02% Added +291.0k +291,048
5 WELLS FARGO & COMPANY/MN 0.04% of their portfolio SAN FRANCISCO, CA 3,759,6733.8m $216.3m $216.3m 0.04% Added +195.9k +195,890
6 RAYMOND JAMES FINANCIAL INC 0.05% of their portfolio ST. PETERSBURG, FL 2,900,8992.9m $166.9m $166.9m 0.05% Added +33.4k +33,367
7 Principle Wealth Partners LLC 9.15% of their portfolio MADISON, CT 2,741,3012.7m $157.7m $157.7m 9.15% Added +59.1k +59,078
8 Bank of New York Mellon Corp 0.03% of their portfolio NEW YORK, NY 2,470,4512.5m $142.1m $142.1m 0.03% Added +6.4k +6,376
9 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.21% of their portfolio PLYMOUTH, MN 2,412,1942.4m $139.4m $139.4m 0.21% Reduced -16.1k -16,075
10 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 2,296,0202.3m $132.1m $132.1m 0.03% Added +729.4k +729,356
11 Johnson Financial Group, Inc. 4.42% of their portfolio RACINE, WI 2,045,8652.0m $117.7m $117.7m 4.42% Added +305.0k +304,958
12 ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio Berwyn, PA 1,963,9892.0m $113.0m $113.0m 0.03% Added +196.2k +196,218
13 UBS Group AG 0.02% of their portfolio ZURICH, V8 1,924,2601.9m $110.7m $110.7m 0.02% Reduced -370.9k -370,871
14 OSAIC HOLDINGS, INC. 0.13% of their portfolio SCOTTSDALE, AZ 1,708,7111.7m $95.7m $95.7m 0.13% Added +536.0k +536,012
15 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.06% of their portfolio MILWAUKEE, WI 1,596,1491.6m $91.8m $91.8m 0.06% Reduced -84.6k -84,575
16 Sanctuary Advisors, LLC 0.26% of their portfolio INDIANAPOLIS, IN 1,583,6741.6m $84.9m $84.9m 0.26% Added +868.8k +868,765
17 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 1,525,2051.5m $87.7m $87.7m 0.02% Reduced -1.9m -1,939,855
18 MEANS INVESTMENT CO., INC. 6.95% of their portfolio BANGOR, ME 1,396,2831.4m $80.3m $80.3m 6.95% Added +35.4k +35,355
19 GPS Wealth Strategies Group, LLC 8.22% of their portfolio CENTENNIAL, CO 1,353,3071.4m $77.8m $77.8m 8.22% Added +20.0k +19,966
20 Lido Advisors, LLC 0.30% of their portfolio Los Angeles, CA 1,260,4471.3m $72.5m $72.5m 0.30% Added +1.7k +1,674
21 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 1,108,2331.1m $63.7m $63.7m 0.01% Reduced -32.1k -32,136
22 Advocacy Wealth Management, LLC 2.73% of their portfolio ATLANTA, GA 1,094,7541.1m $63.0m $63.0m 2.73% Added +395.6k +395,581
23 Bogart Wealth, LLC 2.52% of their portfolio MCLEAN, VA 1,079,7211.1m $62.1m $62.1m 2.52% Reduced -4.8k -4,797
24 Austin Private Wealth, LLC 4.28% of their portfolio Austin, TX 965,569965.6k $55.5m $55.5m 4.28% Added +437.7k +437,651
25 STIFEL FINANCIAL CORP 0.05% of their portfolio ST. LOUIS, MO 924,507924.5k $53.2m $53.2m 0.05% Added +10.5k +10,547
26 Clearstead Advisors, LLC 0.75% of their portfolio CLEVELAND, OH 896,625896.6k $51.6m $51.6m 0.75% Reduced -20.3k -20,332
27 TWO SIGMA INVESTMENTS, LP 0.08% of their portfolio NEW YORK, NY 886,250886.2k $51.0m $51.0m 0.08% Reduced -606.8k -606,800
28 MML INVESTORS SERVICES, LLC 0.12% of their portfolio SPRINGFIELD, MA 781,080781.1k $44.9m $44.9m 0.12% Reduced -10.7k -10,732
29 Demars Financial Group, LLC 15.29% of their portfolio SPOKANE VALLEY, WA 767,505767.5k $44.1m $44.1m 15.29% Added +29.1k +29,058
30 HighTower Advisors, LLC 0.05% of their portfolio CHICAGO, IL 723,647723.6k $41.6m $41.6m 0.05% Added +40.3k +40,333
31 Private Advisor Group, LLC 0.19% of their portfolio MORRISTOWN, NJ 674,316674.3k $38.8m $38.8m 0.19% Reduced -652.3k -652,301
32 Cetera Investment Advisers 0.04% of their portfolio SCHAUMBURG, IL 654,629654.6k $37.7m $37.7m 0.04% Added +121.8k +121,793
33 JONES FINANCIAL COMPANIES LLLP 0.02% of their portfolio DES PERES, MO 569,902569.9k $32.6m $32.6m 0.02% Added +94.5k +94,457
34 Apexium Financial, LP 1.57% of their portfolio Dallas, TX 560,842560.8k $32.3m $32.3m 1.57% Added +5.3k +5,345
35 C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors 1.81% of their portfolio Westlake, OH 543,511543.5k $31.3m $31.3m 1.81% Added +290.5k +290,477
36 Cedar Wealth Management, LLC 9.55% of their portfolio LA JOLLA, CA 541,680541.7k $31.2m $31.2m 9.55% Added +64.5k +64,506
37 Stratos Wealth Partners, LTD. 0.34% of their portfolio BEACHWOOD, OH 502,299502.3k $28.9m $28.9m 0.34% Added +24.5k +24,527
38 Gladstone Institutional Advisory LLC 1.10% of their portfolio Bedminster, NJ 497,125497.1k $28.6m $28.6m 1.10% Reduced -7.7k -7,705
39 QUATTRO FINANCIAL ADVISORS LLC 8.59% of their portfolio The Woodlands, TX 471,702471.7k $27.1m $27.1m 8.59% Reduced -8.3k -8,277
40 Integrated Wealth Concepts LLC 0.22% of their portfolio WALTHAM, MA 430,690430.7k $24.8m $24.8m 0.22% Reduced -199.6k -199,598
41 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 420,303420.3k $24.2m $24.2m 0.03% Reduced -62.2k -62,222
42 Horst & Graben Wealth Management LLC 3.55% of their portfolio PORTLAND, OR 404,356404.4k $23.3m $23.3m 3.55% Added +217.6k +217,550
43 Physician Wealth Advisors, Inc. 3.29% of their portfolio MIDVALE, UT 401,671401.7k $23.1m $23.1m 3.29% Added +216.2k +216,171
44 Baird Financial Group, Inc. 0.04% of their portfolio MILWAUKEE, WI 393,728393.7k $22.6m $22.6m 0.04% Added +1.8k +1,820
45 Kestra Advisory Services, LLC 0.10% of their portfolio AUSTIN, TX 378,433378.4k $21.8m $21.8m 0.10% Added +55.9k +55,941
46 Global Retirement Partners, LLC 0.48% of their portfolio San Rafael, CA 376,592376.6k $21.7m $21.7m 0.48% Added +45.6k +45,567
47 Mirae Asset Global Investments Co., Ltd. 0.07% of their portfolio SEOUL, M5 369,000369.0k $21.2m $21.2m 0.07% Reduced -213.0k -212,964
48 Core Wealth Advisors, Inc. 5.52% of their portfolio LAKELAND, FL 368,257368.3k $21.2m $21.2m 5.52% Added +6.8k +6,787
49 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 367,480367.5k $21.1m $21.1m 0.01% Added +44.7k +44,669
50 Cambridge Investment Research Advisors, Inc. 0.06% of their portfolio FAIRFIELD, IA 359,886359.9k $20.7m $20.7m 0.06% Reduced -23.0k -23,006
51 ASHTON THOMAS SECURITIES, LLC 2.82% of their portfolio ROCHESTER, NY 351,160351.2k $20.2m $20.2m 2.82% Added +204.1k +204,097
52 Equitable Holdings, Inc. 0.14% of their portfolio NEW YORK, NY 332,868332.9k $19.1m $19.1m 0.14% Added +70.4k +70,404
53 One Wealth Advisors, LLC 2.36% of their portfolio SAN FRANCISCO, CA 326,813326.8k $18.8m $18.8m 2.36% Added +176.5k +176,508
54 Rockefeller Capital Management L.P. 0.03% of their portfolio NEW YORK, NY 308,374308.4k $17.7m $17.7m 0.03% Reduced -290.4k -290,354
55 CFS Investment Advisory Services, LLC 1.32% of their portfolio TOTOWA, NJ 302,360302.4k $17.7m $17.7m 1.32% Added +145.1k +145,096
56 Summit Financial, LLC 0.26% of their portfolio PARSIPPANY, NJ 298,970299.0k $17.2m $17.2m 0.26% Added +89.8k +89,844
57 Segment Wealth Management, LLC 1.02% of their portfolio HOUSTON, TX 295,297295.3k $17.0m $17.0m 1.02% Reduced -4.0k -4,041
58 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 279,565279.6k $16.1m $16.1m 0.00% Reduced -65.7k -65,707
59 Farther Finance Advisors, LLC 0.24% of their portfolio SAN FRANCISCO, CA 275,860275.9k $15.9m $15.9m 0.24% Added +20.3k +20,255
60 Keystone Financial Group 1.21% of their portfolio LEXINGTON, KY 275,578275.6k $15.9m $15.9m 1.21% Added +108.2k +108,163
61 IFG Advisory, LLC 0.71% of their portfolio ATLANTA, GA 273,271273.3k $15.7m $15.7m 0.71% Added +26.5k +26,457
62 BANK HAPOALIM BM 1.85% of their portfolio TEL AVIV, L3 262,000262.0k $15.1m $15.1m 1.85% Added +97.3k +97,275
63 Stonebrook Private Inc. 3.16% of their portfolio NORTHVILLE, MI 254,509254.5k $14.6m $14.6m 3.16% Added +153.6k +153,554
64 MERCER GLOBAL ADVISORS INC /ADV 0.02% of their portfolio DENVER, CO 251,531251.5k $14.5m $14.5m 0.02% Added +77.7k +77,712
65 POM Investment Strategies, LLC 7.72% of their portfolio RALEIGH, NC 246,792246.8k $14.2m $14.2m 7.72% Added +45.6k +45,588
66 Security Financial Services, INC. 2.27% of their portfolio Fort Wayne, IN 243,614243.6k $14.0m $14.0m 2.27% Added +193.7k +193,672
67 Cyr Financial Inc. 9.56% of their portfolio HENNEPIN, IL 243,250243.2k $14.0m $14.0m 9.56% Added +8.6k +8,639
68 NewEdge Advisors, LLC 0.06% of their portfolio NEW ORLEANS, LA 238,762238.8k $13.7m $13.7m 0.06% Added +20.6k +20,600
69 One Capital Management, LLC 0.44% of their portfolio WESTLAKE VILLAGE, CA 238,579238.6k $13.7m $13.7m 0.44% Reduced -48.3k -48,286
70 Mariner, LLC 0.02% of their portfolio Overland Park, KS 238,137238.1k $13.7m $13.7m 0.02% Added +38.7k +38,654
71 PMG Wealth Management, Inc. 10.07% of their portfolio Hawthorn Woods, IL 230,922230.9k $13.2m $13.2m 10.07% Added +594 +594
72 ShoreHaven Wealth Partners, LLC 4.81% of their portfolio Red Bank, NJ 225,830225.8k $13.0m $13.0m 4.81% Added +82.4k +82,389
73 OneDigital Investment Advisors LLC 0.13% of their portfolio OVERLAND PARK, KS 217,191217.2k $12.5m $12.5m 0.13% Reduced -5.1k -5,073
74 PRECEDENT WEALTH PARTNERS, LLC 2.66% of their portfolio HOUSTON, TX 209,932209.9k $12.1m $12.1m 2.66% Added +2.1k +2,131
75 PFG Advisors 0.49% of their portfolio Phoenix, AZ 209,166209.2k $12.0m $12.0m 0.49% Added +153.9k +153,876
76 TSFG, LLC 1.89% of their portfolio LAKE FOREST, IL 206,829206.8k $11.9m $11.9m 1.89% Added +110.8k +110,808
77 THOROUGHBRED FINANCIAL SERVICES, LLC 0.73% of their portfolio BRENTWOOD, TN 205,360205.4k $11.8m $11.8m 0.73% Added +18.3k +18,285
78 AE Wealth Management LLC 0.07% of their portfolio TOPEKA, KS 200,688200.7k $11.5m $11.5m 0.07% Added +74.3k +74,259
79 CENTAURUS FINANCIAL, INC. 0.53% of their portfolio ANAHEIM, CA 197,349197.3k $11.4m $11.4m 0.53% Reduced -4.5k -4,462
80 Avestar Capital, LLC 0.80% of their portfolio New York, NY 194,989195.0k $11.2m $11.2m 0.80% Reduced -15.2k -15,229
81 Holt Capital Advisors, L.L.C. dba Holt Capital Partners, L.P. 1.74% of their portfolio FORT WORTH, TX 188,268188.3k $10.8m $10.8m 1.74% Added +37.0k +37,030
82 CAPSTONE WEALTH MANAGEMENT GROUP, LLC 4.41% of their portfolio DUNMORE, PA 180,861180.9k $10.4m $10.4m 4.41% New
83 TUDOR INVESTMENT CORP ET AL 0.07% of their portfolio STAMFORD, CT 180,752180.8k $10.4m $10.4m 0.07% New
84 World Investment Advisors 0.21% of their portfolio LINCROFT, NJ 178,057178.1k $10.2m $10.2m 0.21% Reduced -16.7k -16,667
85 PARK AVENUE SECURITIES LLC 0.08% of their portfolio NEW YORK, NY 174,451174.5k $10.0m $10.0m 0.08% Added +54.9k +54,942
86 JSF Financial, LLC 2.18% of their portfolio LOS ANGELES, CA 170,686170.7k $9.8m $9.8m 2.18% Reduced -446 -446
87 Vertex Planning Partners, LLC 1.87% of their portfolio DOWNERS GROVE, IL 169,614169.6k $9.8m $9.8m 1.87% Added +85.6k +85,572
88 Maia Wealth LLC 1.69% of their portfolio DENVER, CO 168,555168.6k $10.1m $10.1m 1.69% Added +90.7k +90,734
89 Consolidated Portfolio Review Corp 1.22% of their portfolio WOODBURY, NY 168,296168.3k $9.7m $9.7m 1.22% Added +45.2k +45,236
90 Atria Investments, Inc 0.11% of their portfolio Charlotte, NC 164,835164.8k $9.5m $9.5m 0.11% Reduced -29.0k -28,974
91 Asset Allocation Strategies LLC 1.86% of their portfolio FARMINGTON, MI 163,390163.4k $9.4m $9.4m 1.86% Reduced -36.7k -36,732
92 U.S. Capital Wealth Advisors, LLC 0.25% of their portfolio AUSTIN, TX 162,216162.2k $9.3m $9.3m 0.25% Added +95.7k +95,665
93 Janney Montgomery Scott LLC 0.02% of their portfolio PHILADELPHIA, PA 162,077162.1k $9.3m $9.3m 0.02% Added +54.7k +54,715
94 McNaughton Wealth Management, LLC 3.86% of their portfolio SAN DIEGO, CA 159,205159.2k $9.2m $9.2m 3.86% Added +71.0k +71,032
95 JOHNSON INVESTMENT COUNSEL INC 0.08% of their portfolio Cincinnati, OH 156,967157.0k $9.0m $9.0m 0.08% Reduced -895 -895
96 Concurrent Investment Advisors, LLC 0.15% of their portfolio Tampa, FL 156,031156.0k $9.0m $9.0m 0.15% Added +15.4k +15,446
97 Hobbs Wealth Management, LLC 7.49% of their portfolio ZIONSVILLE, IN 155,319155.3k $8.9m $8.9m 7.49% Added +74.8k +74,834
98 Mayflower Financial Advisors, LLC 1.09% of their portfolio BOSTON, MA 151,235151.2k $8.7m $8.7m 1.09% Added +84.1k +84,147
99 Stratos Wealth Advisors, LLC 0.41% of their portfolio BEACHWOOD, OH 148,021148.0k $8.5m $8.5m 0.41% Added +5.2k +5,168
100 Cambria Investment Management, L.P. 0.51% of their portfolio Manhattan Beach, CA 145,586145.6k $8.4m $8.4m 0.51% New