Vault-13

INVESCO EXCHANGE TRADED FD T XLG

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

648 institutional holders +81 vs Q3 2025
102,555,280102.6m shares reported held*
$6.1bnreported value*
76 new 262 added 164 reduced 34 sold out net sold ≈ $138.3m (-2.3m 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 ($7.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $59.26. Options: 3 managers hold calls ($2.5m notional), 0 hold puts (—).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 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: 567Q4 25: 648648Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025648

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 24: 198 bought or addedQ1 24: 106 cut or sold outQ2 24: 239 bought or addedQ2 24: 108 cut or sold outQ2 24Q3 24: 228 bought or addedQ3 24: 149 cut or sold outQ4 24: 272 bought or addedQ4 24: 127 cut or sold outQ4 24Q1 25: 294 bought or addedQ1 25: 205 cut or sold outQ2 25: 319 bought or addedQ2 25: 206 cut or sold outQ2 25Q3 25: 347 bought or addedQ3 25: 169 cut or sold outQ4 25: 338 bought or addedQ4 25: 198 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024198106
Q2 2024239108
Q3 2024228149
Q4 2024272127
Q1 2025294205
Q2 2025319206
Q3 2025347169
Q4 2025338198

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ1 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 0.07Q4 25 calls: $2.5mQ4 25 puts: $0Q4 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q1 2025$925.0k$230.1k0.25
Q2 2025$4.7m$630.4k0.13
Q3 2025$3.4m$241.6k0.07
Q4 2025$2.5m$00.00

Biggest buyers

OSAIC HOLDINGS, INC. Added +1,129,519+1.1m
LPL Financial LLC Added +856,661+856.7k
UNITED CAPITAL FINANCIAL ADVISORS, LLC New +573,072+573.1k
BROWN ADVISORY INC Added +522,375+522.4k
BANK OF AMERICA CORP /DE/ Added +197,027+197.0k
GOLDMAN SACHS GROUP INC Added +157,126+157.1k
MORGAN STANLEY Added +144,276+144.3k
Ethos Financial Group, LLC Added +138,498+138.5k
ROYAL BANK OF CANADA Added +125,912+125.9k
C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors Added +124,954+125.0k

Biggest sellers

JPMORGAN CHASE & CO Reduced -3,732,153-3.7m
GPS Wealth Strategies Group, LLC Reduced -1,268,887-1.3m
TWO SIGMA INVESTMENTS, LP Sold out -886,250-886.2k
AMERIPRISE FINANCIAL INC Reduced -578,767-578.8k
Sanctuary Advisors, LLC Reduced -551,049-551.0k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Reduced -369,086-369.1k
Principle Wealth Partners LLC Reduced -274,284-274.3k
RAYMOND JAMES FINANCIAL INC Reduced -171,414-171.4k
Consolidated Portfolio Review Corp Sold out -168,296-168.3k
TUDOR INVESTMENT CORP ET AL Reduced -154,721-154.7k

Biggest calls

CITADEL ADVISORS LLC Reduced $1.3m22.3k shares
JANE STREET GROUP, LLC Reduced $918.8k15.5k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $284.5k4.8k shares

Biggest puts

None

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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.19% of their portfolio FORT MILL, SC 11,554,35611.6m $684.9m $684.9m 0.19% Added +856.7k +856,661
2 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 6,977,6097.0m $413.6m $413.6m 0.02% Added +144.3k +144,276
3 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 4,445,3574.4m $263.5m $263.5m 0.02% Added +197.0k +197,027
4 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 3,841,0513.8m $227.7m $227.7m 0.02% Reduced -3.7m -3,732,153
5 WELLS FARGO & COMPANY/MN 0.04% of their portfolio SAN FRANCISCO, CA 3,812,3173.8m $226.0m $226.0m 0.04% Added +52.6k +52,644
6 OSAIC HOLDINGS, INC. 0.25% of their portfolio SCOTTSDALE, AZ 2,838,2302.8m $168.3m $168.3m 0.25% Added +1.1m +1,129,519
7 RAYMOND JAMES FINANCIAL INC 0.05% of their portfolio ST. PETERSBURG, FL 2,729,4852.7m $161.8m $161.8m 0.05% Reduced -171.4k -171,414
8 Bank of New York Mellon Corp 0.03% of their portfolio NEW YORK, NY 2,479,5202.5m $147.0m $147.0m 0.03% Added +9.1k +9,069
9 Principle Wealth Partners LLC 8.24% of their portfolio MADISON, CT 2,467,0172.5m $146.2m $146.2m 8.24% Reduced -274.3k -274,284
10 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.19% of their portfolio PLYMOUTH, MN 2,419,9402.4m $143.6m $143.6m 0.19% Added +7.7k +7,746
11 Johnson Financial Group, Inc. 4.48% of their portfolio RACINE, WI 2,017,7922.0m $119.6m $119.6m 4.48% Reduced -28.1k -28,073
12 ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio Berwyn, PA 1,981,4062.0m $117.5m $117.5m 0.03% Added +17.4k +17,417
13 UBS Group AG 0.02% of their portfolio ZURICH, V8 1,860,7451.9m $110.3m $110.3m 0.02% Reduced -63.5k -63,515
14 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 1,717,2531.7m $101.7m $101.7m 0.02% Reduced -578.8k -578,767
15 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 1,651,1171.7m $97.9m $97.9m 0.02% Added +125.9k +125,912
16 MEANS INVESTMENT CO., INC. 7.31% of their portfolio BANGOR, ME 1,464,2161.5m $86.8m $86.8m 7.31% Added +67.9k +67,933
17 Lido Advisors, LLC 0.29% of their portfolio Los Angeles, CA 1,250,2871.3m $72.6m $72.6m 0.29% Reduced -10.2k -10,160
18 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.05% of their portfolio MILWAUKEE, WI 1,227,0631.2m $72.7m $72.7m 0.05% Reduced -369.1k -369,086
19 Advocacy Wealth Management, LLC 2.86% of their portfolio ATLANTA, GA 1,152,4081.2m $68.3m $68.3m 2.86% Added +57.7k +57,654
20 Bogart Wealth, LLC 2.56% of their portfolio MCLEAN, VA 1,074,3371.1m $63.7m $63.7m 2.56% Reduced -5.4k -5,384
21 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 1,033,8251.0m $61.3m $61.3m 0.01% Reduced -74.4k -74,408
22 Sanctuary Advisors, LLC 0.33% of their portfolio INDIANAPOLIS, IN 1,032,6251.0m $61.2m $61.2m 0.33% Reduced -551.0k -551,049
23 Austin Private Wealth, LLC 4.38% of their portfolio Austin, TX 985,939985.9k $58.4m $58.4m 4.38% Added +20.4k +20,370
24 STIFEL FINANCIAL CORP 0.05% of their portfolio ST. LOUIS, MO 945,527945.5k $56.1m $56.1m 0.05% Added +21.0k +21,020
25 Clearstead Advisors, LLC 0.66% of their portfolio CLEVELAND, OH 886,879886.9k $52.6m $52.6m 0.66% Reduced -9.7k -9,746
26 MML INVESTORS SERVICES, LLC 0.12% of their portfolio SPRINGFIELD, MA 862,918862.9k $51.2m $51.2m 0.12% Added +81.8k +81,838
27 Demars Financial Group, LLC 15.77% of their portfolio SPOKANE VALLEY, WA 795,098795.1k $47.1m $47.1m 15.77% Added +27.6k +27,593
28 Cetera Investment Advisers 0.05% of their portfolio SCHAUMBURG, IL 766,097766.1k $45.4m $45.4m 0.05% Added +111.5k +111,468
29 HighTower Advisors, LLC 0.05% of their portfolio CHICAGO, IL 718,253718.3k $42.6m $42.6m 0.05% Reduced -5.4k -5,394
30 Private Advisor Group, LLC 0.20% of their portfolio MORRISTOWN, NJ 716,980717.0k $42.5m $42.5m 0.20% Added +42.7k +42,664
31 C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors 2.37% of their portfolio Westlake, OH 668,465668.5k $39.6m $39.6m 2.37% Added +125.0k +124,954
32 JONES FINANCIAL COMPANIES LLLP 0.02% of their portfolio DES PERES, MO 625,297625.3k $37.1m $37.1m 0.02% Added +55.4k +55,395
33 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.21% of their portfolio IRVING, TX 573,072573.1k $34.0m $34.0m 0.21% New
34 Cedar Wealth Management, LLC 10.06% of their portfolio LA JOLLA, CA 567,653567.7k $33.7m $33.7m 10.06% Added +26.0k +25,973
35 BROWN ADVISORY INC 0.05% of their portfolio BALTIMORE, MD 560,799560.8k $33.2m $33.2m 0.05% Added +522.4k +522,375
36 Gladstone Institutional Advisory LLC 1.17% of their portfolio Bedminster, NJ 521,774521.8k $30.9m $30.9m 1.17% Added +24.6k +24,649
37 Kestra Advisory Services, LLC 0.12% of their portfolio AUSTIN, TX 470,955471.0k $27.9m $27.9m 0.12% Added +92.5k +92,522
38 QUATTRO FINANCIAL ADVISORS LLC 8.29% of their portfolio The Woodlands, TX 468,345468.3k $27.8m $27.8m 8.29% Reduced -3.4k -3,357
39 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 436,691436.7k $25.9m $25.9m 0.00% Added +157.1k +157,126
40 Stratos Wealth Partners, LTD. 0.29% of their portfolio BEACHWOOD, OH 431,108431.1k $25.6m $25.6m 0.29% Reduced -71.2k -71,191
41 CITIGROUP INC 0.02% of their portfolio NEW YORK, NY 429,991430.0k $25.5m $25.5m 0.02% Added +62.5k +62,511
42 Horst & Graben Wealth Management LLC 3.78% of their portfolio PORTLAND, OR 421,968422.0k $25.0m $25.0m 3.78% Added +17.6k +17,612
43 Physician Wealth Advisors, Inc. 3.40% of their portfolio MIDVALE, UT 412,035412.0k $24.4m $24.4m 3.40% Added +10.4k +10,364
44 Baird Financial Group, Inc. 0.04% of their portfolio MILWAUKEE, WI 392,210392.2k $23.3m $23.3m 0.04% Reduced -1.5k -1,518
45 Global Retirement Partners, LLC 0.40% of their portfolio San Rafael, CA 383,897383.9k $22.8m $22.8m 0.40% Added +7.3k +7,305
46 Core Wealth Advisors, Inc. 5.67% of their portfolio LAKELAND, FL 368,872368.9k $21.9m $21.9m 5.67% Added +615 +615
47 Integrated Wealth Concepts LLC 0.26% of their portfolio WALTHAM, MA 367,306367.3k $21.8m $21.8m 0.26% Reduced -63.4k -63,384
48 EP Wealth Advisors, LLC 0.11% of their portfolio TORRANCE, CA 362,426362.4k $21.5m $21.5m 0.11% First filing
49 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 359,751359.8k $21.3m $21.3m 0.03% Reduced -60.6k -60,552
50 Cambridge Investment Research Advisors, Inc. 0.06% of their portfolio FAIRFIELD, IA 358,333358.3k $21.2m $21.2m 0.06% Reduced -1.6k -1,553
51 Stonebrook Private Inc. 4.37% of their portfolio NORTHVILLE, MI 352,065352.1k $20.9m $20.9m 4.37% Added +97.6k +97,556
52 Mirae Asset Global Investments Co., Ltd. 0.06% of their portfolio SEOUL, M5 351,000351.0k $20.8m $20.8m 0.06% Reduced -18.0k -18,000
53 One Wealth Advisors, LLC 2.49% of their portfolio SAN FRANCISCO, CA 343,632343.6k $20.4m $20.4m 2.49% Added +16.8k +16,819
54 ASHTON THOMAS SECURITIES, LLC 3.83% of their portfolio ROCHESTER, NY 340,506340.5k $20.2m $20.2m 3.83% Reduced -10.7k -10,654
55 Equitable Holdings, Inc. 0.13% of their portfolio NEW YORK, NY 332,338332.3k $19.7m $19.7m 0.13% Reduced -530 -530
56 Rockefeller Capital Management L.P. 0.03% of their portfolio NEW YORK, NY 320,335320.3k $19.0m $19.0m 0.03% Added +12.0k +11,961
57 CFS Investment Advisory Services, LLC 1.33% of their portfolio TOTOWA, NJ 308,147308.1k $18.3m $18.3m 1.33% Added +5.8k +5,787
58 MERCER GLOBAL ADVISORS INC /ADV 0.03% of their portfolio DENVER, CO 306,782306.8k $18.2m $18.2m 0.03% Added +55.3k +55,251
59 Segment Wealth Management, LLC 1.01% of their portfolio HOUSTON, TX 294,637294.6k $17.5m $17.5m 1.01% Reduced -660 -660
60 Keystone Financial Group 1.26% of their portfolio LEXINGTON, KY 287,094287.1k $17.0m $17.0m 1.26% Added +11.5k +11,516
61 IFG Advisory, LLC 0.72% of their portfolio ATLANTA, GA 280,299280.3k $16.6m $16.6m 0.72% Added +7.0k +7,028
62 Farther Finance Advisors, LLC 0.17% of their portfolio SAN FRANCISCO, CA 271,431271.4k $16.1m $16.1m 0.17% Reduced -4.4k -4,429
63 BANK HAPOALIM BM 1.35% of their portfolio TEL AVIV, L3 262,000262.0k $15.5m $15.5m 1.35% Unchanged
64 PFG Advisors 0.74% of their portfolio Phoenix, AZ 258,331258.3k $15.3m $15.3m 0.74% Added +49.2k +49,165
65 POM Investment Strategies, LLC 7.87% of their portfolio RALEIGH, NC 258,095258.1k $15.3m $15.3m 7.87% Added +11.3k +11,303
66 AE Wealth Management LLC 0.09% of their portfolio TOPEKA, KS 253,606253.6k $15.0m $15.0m 0.09% Added +52.9k +52,918
67 Summit Financial, LLC 0.22% of their portfolio PARSIPPANY, NJ 252,968253.0k $15.0m $15.0m 0.22% Reduced -46.0k -46,002
68 Holt Capital Advisors, L.L.C. dba Holt Capital Partners, L.P. 2.01% of their portfolio FORT WORTH, TX 252,643252.6k $15.0m $15.0m 2.01% Added +64.4k +64,375
69 Security Financial Services, INC. 2.30% of their portfolio Fort Wayne, IN 247,258247.3k $14.7m $14.7m 2.30% Added +3.6k +3,644
70 TSFG, LLC 2.19% of their portfolio LAKE FOREST, IL 246,889246.9k $14.6m $14.6m 2.19% Added +40.1k +40,060
71 NewEdge Advisors, LLC 0.05% of their portfolio NEW ORLEANS, LA 242,488242.5k $14.4m $14.4m 0.05% Added +3.7k +3,726
72 One Capital Management, LLC 0.43% of their portfolio WESTLAKE VILLAGE, CA 242,124242.1k $14.4m $14.4m 0.43% Added +3.5k +3,545
73 PMG Wealth Management, Inc. 10.06% of their portfolio Hawthorn Woods, IL 231,510231.5k $13.7m $13.7m 10.06% Added +588 +588
74 ShoreHaven Wealth Partners, LLC 4.92% of their portfolio Red Bank, NJ 231,285231.3k $13.7m $13.7m 4.92% Added +5.5k +5,455
75 Cyr Financial Inc. 8.54% of their portfolio HENNEPIN, IL 230,937230.9k $13.7m $13.7m 8.54% Reduced -12.3k -12,313
76 Mariner, LLC 0.02% of their portfolio Overland Park, KS 229,729229.7k $13.6m $13.6m 0.02% Reduced -8.4k -8,408
77 HRT FINANCIAL LP 0.05% of their portfolio NEW YORK, NY 224,415224.4k $13.3m $13.3m 0.05% Added +117.0k +116,999
78 Green Ridge Wealth Planning LLC 6.54% of their portfolio MONTVILLE, NJ 215,624215.6k $12.8m $12.8m 6.54% First filing
79 Janney Montgomery Scott LLC 0.03% of their portfolio PHILADELPHIA, PA 214,224214.2k $12.7m $12.7m 0.03% Added +52.1k +52,147
80 Oxford Wealth Group, LLC 6.09% of their portfolio ORLANDO, FL 211,348211.3k $12.5m $12.5m 6.09% First filing
81 OneDigital Investment Advisors LLC 0.12% of their portfolio OVERLAND PARK, KS 209,517209.5k $12.4m $12.4m 0.12% Reduced -7.7k -7,674
82 THOROUGHBRED FINANCIAL SERVICES, LLC 0.72% of their portfolio BRENTWOOD, TN 205,003205.0k $12.2m $12.2m 0.72% Reduced -357 -357
83 CENTAURUS FINANCIAL, INC. 0.55% of their portfolio ANAHEIM, CA 203,096203.1k $12.0m $12.0m 0.55% Added +5.7k +5,747
84 Concurrent Investment Advisors, LLC 0.14% of their portfolio Tampa, FL 202,337202.3k $12.0m $12.0m 0.14% Added +46.3k +46,306
85 Estate Planners Group, LLC 5.17% of their portfolio YARDLEY, PA 201,128201.1k $11.9m $11.9m 5.17% First filing
86 PRECEDENT WEALTH PARTNERS, LLC 2.50% of their portfolio HOUSTON, TX 201,085201.1k $11.9m $11.9m 2.50% Reduced -8.8k -8,847
87 Avestar Capital, LLC 0.78% of their portfolio New York, NY 190,911190.9k $11.3m $11.3m 0.78% Reduced -4.1k -4,078
88 PARK AVENUE SECURITIES LLC 0.09% of their portfolio NEW YORK, NY 183,724183.7k $10.9m $10.9m 0.09% Added +9.3k +9,273
89 Curry Webb Wealth Management LLC 5.38% of their portfolio INDIANAPOLIS, IN 183,002183.0k $10.8m $10.8m 5.38% First filing
90 Snowden Capital Advisors LLC 0.27% of their portfolio New York, NY 177,294177.3k $10.5m $10.5m 0.27% Added +52.6k +52,599
91 Vertex Planning Partners, LLC 2.36% of their portfolio DOWNERS GROVE, IL 171,491171.5k $10.2m $10.2m 2.36% Added +1.9k +1,877
92 Ethos Financial Group, LLC 0.74% of their portfolio KING OF PRUSSIA, PA 169,922169.9k $10.1m $10.1m 0.74% Added +138.5k +138,498
93 Aspire Capital Advisors LLC 2.36% of their portfolio SEATTLE, WA 169,834169.8k $10.1m $10.1m 2.36% Added +36.1k +36,134
94 LIGHTHOUSE FINANCIAL SERVICES INC /ADV 2.31% of their portfolio BREA, CA 169,519169.5k $10.0m $10.0m 2.31% First filing
95 Atria Investments, Inc 0.11% of their portfolio Charlotte, NC 169,324169.3k $10.0m $10.0m 0.11% Added +4.5k +4,489
96 McNaughton Wealth Management, LLC 4.07% of their portfolio SAN DIEGO, CA 166,928166.9k $9.9m $9.9m 4.07% Added +7.7k +7,723
97 JSF Financial, LLC 2.04% of their portfolio LOS ANGELES, CA 165,933165.9k $9.8m $9.8m 2.04% Reduced -4.8k -4,753
98 World Investment Advisors 0.16% of their portfolio LINCROFT, NJ 164,439164.4k $9.7m $9.7m 0.16% Reduced -13.6k -13,618
99 Mutual Advisors, LLC 0.21% of their portfolio OMAHA, NE 163,906163.9k $9.7m $9.7m 0.21% Added +25.0k +24,984
100 Asset Allocation Strategies LLC 1.79% of their portfolio FARMINGTON, MI 163,586163.6k $9.7m $9.7m 1.79% Added +196 +196