Vault-13

INVESCO EXCHANGE TRADED FD T SPHQ

S&P500 QUALITY · ETP · CUSIP 46137V241

671 institutional holders +46 vs Q1 2025
134,040,763134.0m shares reported held*
$9.6bnreported value*
91 new 269 added 183 reduced 47 sold out net bought ≈ $1.2bn (+16.6m 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 ($701.9k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $71.27. Options: 1 managers hold calls ($484.6k notional), 1 hold puts ($954.9k).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 308Q4 22: 344Q1 23: 360Q2 23: 390Q3 23: 409Q4 23: 444Q1 24: 477Q2 24: 511Q3 24: 548Q4 24: 606Q1 25: 625Q2 25: 671671Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022308
Q4 2022344
Q1 2023360
Q2 2023390
Q3 2023409
Q4 2023444
Q1 2024477
Q2 2024511
Q3 2024548
Q4 2024606
Q1 2025625
Q2 2025671

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q3 23: 203 bought or addedQ3 23: 142 cut or sold outQ4 23: 215 bought or addedQ4 23: 166 cut or sold outQ4 23Q1 24: 246 bought or addedQ1 24: 173 cut or sold outQ2 24: 264 bought or addedQ2 24: 167 cut or sold outQ2 24Q3 24: 296 bought or addedQ3 24: 171 cut or sold outQ4 24: 308 bought or addedQ4 24: 178 cut or sold outQ4 24Q1 25: 346 bought or addedQ1 25: 207 cut or sold outQ2 25: 360 bought or addedQ2 25: 230 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023203142
Q4 2023215166
Q1 2024246173
Q2 2024264167
Q3 2024296171
Q4 2024308178
Q1 2025346207
Q2 2025360230

Calls vs puts

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

CallsPuts
$0$250k$500k$750k$1mQ3 24 calls: $464.2kQ3 24 puts: $0Q3 24P/C 0.00Q4 24 calls: $355.3kQ4 24 puts: $0Q4 24P/C 0.00Q1 25 calls: $311.8kQ1 25 puts: $212.3kQ1 25P/C 0.68Q2 25 calls: $484.6kQ2 25 puts: $954.9kQ2 25P/C 1.97
Numbers
QuarterCallsPutsP/C
Q3 2024$464.2k$00.00
Q4 2024$355.3k$00.00
Q1 2025$311.8k$212.3k0.68
Q2 2025$484.6k$954.9k1.97

Biggest buyers

AMERIPRISE FINANCIAL INC Added +3,741,699+3.7m
ROYAL BANK OF CANADA Added +2,956,541+3.0m
RAYMOND JAMES FINANCIAL INC Added +1,469,187+1.5m
LPL Financial LLC Added +1,326,736+1.3m
WELLS FARGO & COMPANY/MN Added +682,207+682.2k
MAINSTAY CAPITAL MANAGEMENT LLC /ADV Added +675,521+675.5k
Demars Financial Group, LLC New +572,147+572.1k
FMR LLC Added +570,622+570.6k
First International Bank & Trust New +569,374+569.4k
ENVESTNET ASSET MANAGEMENT INC Added +546,588+546.6k

Biggest sellers

Trilogy Capital Inc. Reduced -822,824-822.8k
Alpine Bank Wealth Management Reduced -300,933-300.9k
KWB Wealth Sold out -291,139-291.1k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -263,326-263.3k
SYKON CAPITAL LLC Sold out -250,942-250.9k
Atria Wealth Solutions, Inc. Reduced -247,657-247.7k
GeoWealth Management, LLC Reduced -236,434-236.4k
Foundations Investment Advisors, LLC Reduced -217,485-217.5k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -179,348-179.3k
Stratos Wealth Partners, LTD. Reduced -174,768-174.8k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $484.6k6.8k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $954.9k13.4k 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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.27% of their portfolio FORT MILL, SC 11,370,99011.4m $810.3m $810.3m 0.27% Added +1.3m +1,326,736
2 AMERIPRISE FINANCIAL INC 0.16% of their portfolio MINNEAPOLIS, MN 9,247,5209.2m $658.8m $658.8m 0.16% Added +3.7m +3,741,699
3 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 9.61% of their portfolio MINNEAPOLIS, MN 8,043,0498.0m $573.1m $573.1m 9.61% Added +319.1k +319,087
4 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.89% of their portfolio PLYMOUTH, MN 7,461,2407.5m $538.0m $538.0m 0.89% Reduced -179.3k -179,348
5 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 6,659,1926.7m $474.5m $474.5m 0.03% Added +236.6k +236,591
6 FMR LLC 0.02% of their portfolio BOSTON, MA 5,258,9915.3m $374.8m $374.8m 0.02% Added +570.6k +570,622
7 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 5,020,2945.0m $357.7m $357.7m 0.03% Added +3.0m +2,956,541
8 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 4,360,9424.4m $310.8m $310.8m 0.03% Added +264.2k +264,199
9 WELLS FARGO & COMPANY/MN 0.07% of their portfolio SAN FRANCISCO, CA 4,296,7674.3m $306.2m $306.2m 0.07% Added +682.2k +682,207
10 FIFTH THIRD BANCORP 1.05% of their portfolio CINCINNATI, OH 4,250,7854.3m $302.9m $302.9m 1.05% Reduced -96.7k -96,700
11 RAYMOND JAMES FINANCIAL INC 0.09% of their portfolio ST. PETERSBURG, FL 3,869,3973.9m $275.7m $275.7m 0.09% Added +1.5m +1,469,187
12 OSAIC HOLDINGS, INC. 0.35% of their portfolio SCOTTSDALE, AZ 2,791,0452.8m $197.8m $197.8m 0.35% Added +459.9k +459,888
13 Bank of New York Mellon Corp 0.04% of their portfolio NEW YORK, NY 2,668,2722.7m $190.1m $190.1m 0.04% Added +74.0k +74,007
14 ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio Berwyn, PA 1,852,8381.9m $132.0m $132.0m 0.04% Added +546.6k +546,588
15 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.10% of their portfolio MILWAUKEE, WI 1,843,9521.8m $131.4m $131.4m 0.10% Added +161.6k +161,638
16 UBS Group AG 0.03% of their portfolio ZURICH, V8 1,678,2471.7m $119.6m $119.6m 0.03% Added +143.5k +143,470
17 SFMG, LLC 8.72% of their portfolio PLANO, TX 1,630,7131.6m $116.2m $116.2m 8.72% Added +10.6k +10,641
18 JONES FINANCIAL COMPANIES LLLP 0.08% of their portfolio DES PERES, MO 1,575,9021.6m $111.6m $111.6m 0.08% Added +382.3k +382,298
19 NorthCoast Asset Management LLC 0.46% of their portfolio STAMFORD, CT 1,516,6811.5m $108.1m $108.1m 0.46% Added +106.6k +106,620
20 First Command Advisory Services, Inc. 0.89% of their portfolio FORT WORTH, TX 1,444,2061.4m $102.9m $102.9m 0.89% Added +37.1k +37,086
21 Madison Asset Management, LLC 1.08% of their portfolio MADISON, WI 1,407,1881.4m $100.3m $100.3m 1.08% Reduced -20.7k -20,715
22 MAINSTAY CAPITAL MANAGEMENT LLC /ADV 4.73% of their portfolio GRAND BLANC, MI 1,345,6021.3m $95.9m $95.9m 4.73% Added +675.5k +675,521
23 Cetera Investment Advisers 0.16% of their portfolio SCHAUMBURG, IL 1,330,0581.3m $94.8m $94.8m 0.16% Added +247.4k +247,437
24 Equitable Holdings, Inc. 0.78% of their portfolio NEW YORK, NY 1,320,2901.3m $94.1m $94.1m 0.78% Added +78.6k +78,620
25 COMMONWEALTH EQUITY SERVICES, LLC 0.12% of their portfolio WALTHAM, MA 1,275,0631.3m $90.9m $90.9m 0.12% Reduced -263.3k -263,326
26 PNC Financial Services Group, Inc. 0.05% of their portfolio Pittsburgh, PA 1,162,4331.2m $82.8m $82.8m 0.05% Added +49.0k +49,023
27 ASSETMARK, INC 0.19% of their portfolio CONCORD, CA 1,159,0391.2m $82.6m $82.6m 0.19% Reduced -71.3k -71,289
28 Alpine Bank Wealth Management 8.65% of their portfolio GRAND JUNCTION, CO 803,063803.1k $57.2m $57.2m 8.65% Reduced -300.9k -300,933
29 Evensky & Katz LLC 3.36% of their portfolio CORAL GABLES, FL 771,432771.4k $55.0m $55.0m 3.36% Reduced -12.0k -12,048
30 STIFEL FINANCIAL CORP 0.05% of their portfolio ST. LOUIS, MO 762,266762.3k $54.3m $54.3m 0.05% Added +139.5k +139,488
31 Paragon Capital Management Ltd 9.71% of their portfolio DENVER, CO 752,029752.0k $53.6m $53.6m 9.71% Reduced -4.9k -4,880
32 MML INVESTORS SERVICES, LLC 0.13% of their portfolio SPRINGFIELD, MA 639,221639.2k $45.6m $45.6m 0.13% Added +82.1k +82,138
33 TWO SIGMA INVESTMENTS, LP 0.08% of their portfolio NEW YORK, NY 636,600636.6k $45.4m $45.4m 0.08% Added +385.4k +385,400
34 Family Investment Center, Inc. 9.91% of their portfolio Saint Joseph, MO 613,851613.9k $43.7m $43.7m 9.91% Added +12.6k +12,611
35 Davidson Capital Management Inc. 10.45% of their portfolio CORPUS CHRISTI, TX 610,919610.9k $43.5m $43.5m 10.45% Added +5.0k +4,968
36 Demars Financial Group, LLC 15.66% of their portfolio SPOKANE VALLEY, WA 572,147572.1k $40.8m $40.8m 15.66% New
37 First International Bank & Trust 14.11% of their portfolio WATFORD CITY, ND 569,374569.4k $40.6m $40.6m 14.11% New
38 Milestone Investment Advisors LLC 9.91% of their portfolio MIDDLETON, WI 532,920532.9k $38.0m $38.0m 9.91% Reduced -12.1k -12,073
39 Stratos Wealth Partners, LTD. 0.51% of their portfolio BEACHWOOD, OH 531,359531.4k $37.9m $37.9m 0.51% Reduced -174.8k -174,768
40 Sterling Financial Group, Inc. 12.49% of their portfolio PASADENA, CA 522,195522.2k $37.2m $37.2m 12.49% New
41 WEALTH MANAGEMENT RESOURCES, INC. 12.61% of their portfolio SMITHFIELD, RI 518,299518.3k $36.9m $36.9m 12.61% Added +5.9k +5,910
42 Capital Planning Advisors, LLC 5.30% of their portfolio Roseville, CA 507,230507.2k $36.1m $36.1m 5.30% Reduced -25.9k -25,920
43 UNION SAVINGS BANK 15.40% of their portfolio LITCHFIELD, CT 469,548469.5k $33.5m $33.5m 15.40% Added +32.4k +32,381
44 Corient Private Wealth LP 0.04% of their portfolio MIAMI, FL 463,932463.9k $33.1m $33.1m 0.04% Reduced -20.2k -20,172
45 Perennial Investment Advisors, LLC 3.11% of their portfolio Los Angeles, CA 449,341449.3k $32.0m $32.0m 3.11% Added +124.6k +124,616
46 SUMMIT WEALTH GROUP LLC / CO 7.94% of their portfolio COLORADO SPRINGS, CO 443,584443.6k $31.6m $31.6m 7.94% First filing
47 Cambridge Investment Research Advisors, Inc. 0.10% of their portfolio FAIRFIELD, IA 441,199441.2k $31.4m $31.4m 0.10% Added +64.3k +64,321
48 Schwallier Wealth Management LLC 18.84% of their portfolio GRAND RAPIDS, MI 432,589432.6k $30.8m $30.8m 18.84% Added +59.5k +59,468
49 Orgel Wealth Management, LLC 0.74% of their portfolio ALTOONA, WI 429,791429.8k $30.6m $30.6m 0.74% Added +13.4k +13,405
50 AVANTAX ADVISORY SERVICES, INC. 0.17% of their portfolio DALLAS, TX 427,025427.0k $30.4m $30.4m 0.17% Added +36.7k +36,749
51 Mariner, LLC 0.04% of their portfolio Overland Park, KS 420,646420.6k $30.0m $30.0m 0.04% Reduced -15.9k -15,943
52 TRUIST FINANCIAL CORP 0.04% of their portfolio CHARLOTTE, NC 382,566382.6k $27.3m $27.3m 0.04% Added +79.2k +79,179
53 SouthState Bank Corp 1.17% of their portfolio Winter Haven, FL 375,908375.9k $26.8m $26.8m 1.17% Reduced -92.7k -92,663
54 Ballast, Inc. 6.52% of their portfolio Lexington, KY 349,424349.4k $24.9m $24.9m 6.52% Reduced -4.6k -4,567
55 EVERGREEN CAPITAL MANAGEMENT LLC 0.71% of their portfolio Bellevue, WA 332,014332.0k $23.7m $23.7m 0.71% Added +12.4k +12,410
56 HighTower Advisors, LLC 0.03% of their portfolio CHICAGO, IL 325,096325.1k $23.2m $23.2m 0.03% Reduced -3.3k -3,310
57 Private Advisor Group, LLC 0.12% of their portfolio MORRISTOWN, NJ 303,306303.3k $21.6m $21.6m 0.12% Added +91.6k +91,608
58 ACT Advisors, LLC. 9.75% of their portfolio ASHEVILLE, NC 295,834295.8k $21.1m $21.1m 9.75% Reduced -7.3k -7,280
59 Piedmont Capital Management, LLC 11.67% of their portfolio WHITEFISH, MT 283,226283.2k $20.2m $20.2m 11.67% New
60 Jefferies Financial Group Inc. 0.33% of their portfolio NEW YORK, NY 282,958283.0k $20.2m $20.2m 0.33% Added +10.0k +10,002
61 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 278,848278.8k $19.9m $19.9m 0.00% Added +26.7k +26,711
62 Sterling Group Wealth Management, LLC 10.97% of their portfolio PASADENA, CA 278,118278.1k $19.8m $19.8m 10.97% Reduced -119.9k -119,937
63 Qube Research & Technologies Ltd 0.03% of their portfolio LONDON, X0 271,921271.9k $19.4m $19.4m 0.03% Added +123.1k +123,051
64 Rollins Financial Advisors, LLC 2.98% of their portfolio ATLANTA, GA 262,327262.3k $18.7m $18.7m 2.98% Added +9.1k +9,146
65 SAX WEALTH ADVISORS, LLC 1.13% of their portfolio PARSIPPANY, NJ 261,553261.6k $18.6m $18.6m 1.13% Added +242.4k +242,383
66 Steward Partners Investment Advisory, LLC 0.15% of their portfolio STAMFORD, CT 261,438261.4k $18.6m $18.6m 0.15% Added +108.8k +108,826
67 TruWealth Advisors, LLC 1.02% of their portfolio Metairie, LA 259,665259.7k $18.5m $18.5m 1.02% Reduced -980 -980
68 Tidemark, LLC 5.82% of their portfolio SAN DIEGO, CA 253,263253.3k $18.0m $18.0m 5.82% Added +16.1k +16,071
69 COZAD ASSET MANAGEMENT INC 1.57% of their portfolio CHAMPAIGN, IL 251,522251.5k $17.9m $17.9m 1.57% Added +7.1k +7,069
70 Snowden Capital Advisors LLC 0.52% of their portfolio New York, NY 248,507248.5k $17.7m $17.7m 0.52% Added +4.1k +4,103
71 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 246,272246.3k $17.5m $17.5m 0.02% Added +157.2k +157,209
72 Cresset Asset Management, LLC 0.09% of their portfolio Chicago, IL 245,343245.3k $17.5m $17.5m 0.09% Added +439 +439
73 Focus Financial Network, Inc. 0.66% of their portfolio MINNEAPOLIS, MN 234,262234.3k $16.7m $16.7m 0.66% Added +17.3k +17,337
74 CREATIVE FINANCIAL DESIGNS INC /ADV 1.18% of their portfolio KOKOMO, IN 230,707230.7k $16.4m $16.4m 1.18% Reduced -71.4k -71,446
75 Graves Light Lenhart Wealth, Inc. 1.95% of their portfolio HARRISONBURG, VA 229,618229.6k $16.4m $16.4m 1.95% Reduced -7.5k -7,520
76 Global Retirement Partners, LLC 0.40% of their portfolio San Rafael, CA 228,220228.2k $16.3m $16.3m 0.40% First filing
77 BLAIR WILLIAM & CO/IL 0.04% of their portfolio CHICAGO, IL 222,150222.2k $15.8m $15.8m 0.04% Added +40.2k +40,192
78 Lido Advisors, LLC 0.08% of their portfolio Los Angeles, CA 218,855218.9k $15.6m $15.6m 0.08% Reduced -3.3k -3,335
79 Sound View Wealth Advisors Group, LLC 1.13% of their portfolio SAVANNAH, GA 213,726213.7k $15.2m $15.2m 1.13% Reduced -3.6k -3,585
80 Focus Partners Wealth 0.03% of their portfolio ST LOUIS, MO 213,454213.5k $15.2m $15.2m 0.03% Added +151.2k +151,151
81 Cresta Advisors, Ltd. 7.39% of their portfolio LAREDO, TX 212,780212.8k $15.2m $15.2m 7.39% Added +9.1k +9,059
82 Baird Financial Group, Inc. 0.03% of their portfolio MILWAUKEE, WI 208,184208.2k $14.8m $14.8m 0.03% Added +170.9k +170,936
83 Burns Matteson Capital Management, LLC 7.14% of their portfolio CORNING, NY 207,432207.4k $14.8m $14.8m 7.14% Reduced -1.7k -1,733
84 WCG Wealth Advisors LLC 0.95% of their portfolio LAS VEGAS, NV 205,459205.5k $14.6m $14.6m 0.95% Added +12.4k +12,378
85 TSFG, LLC 2.60% of their portfolio LAKE FOREST, IL 201,653201.7k $14.4m $14.4m 2.60% Reduced -30.6k -30,618
86 Eagle Strategies LLC 2.16% of their portfolio NEW YORK, NY 199,249199.2k $14.2m $14.2m 2.16% Added +4.4k +4,373
87 Atria Wealth Solutions, Inc. 0.32% of their portfolio NEW YORK, NY 198,875198.9k $14.2m $14.2m 0.32% Reduced -247.7k -247,657
88 Hoese & Co LLP 11.08% of their portfolio GLENCOE, MN 192,801192.8k $13.7m $13.7m 11.08% Added +3.5k +3,477
89 JNBA Financial Advisors 1.30% of their portfolio BLOOMINGTON, MN 190,101190.1k $13.5m $13.5m 1.30% New
90 Opes Wealth Management LLC 2.35% of their portfolio MENLO PARK, CA 185,463185.5k $13.2m $13.2m 2.35% Added +5.4k +5,351
91 SIERRA OCEAN, LLC 9.46% of their portfolio RIPON, CA 184,213184.2k $13.1m $13.1m 9.46% Added +11.4k +11,446
92 PRINCIPAL SECURITIES, INC. 0.23% of their portfolio DES MOINES, IA 174,560174.6k $12.4m $12.4m 0.23% Added +3.7k +3,657
93 Trilogy Capital Inc. 0.59% of their portfolio IRVINE, CA 171,006171.0k $12.2m $12.2m 0.59% Reduced -822.8k -822,824
94 Cedar Mountain Advisors, LLC 2.53% of their portfolio LAKE OSWEGO, OR 170,539170.5k $12.2m $12.2m 2.53% Added +3.1k +3,121
95 Jordan Park Group LLC 0.79% of their portfolio SAN FRANCISCO, CA 170,250170.2k $12.1m $12.1m 0.79% Unchanged
96 Strategies Wealth Advisors, LLC 1.29% of their portfolio GRAND RAPIDS, MI 165,666165.7k $11.8m $11.8m 1.29% Added +41.8k +41,834
97 Ruggaard & Associates LLC 4.55% of their portfolio HUDSON, OH 158,963159.0k $11.3m $11.3m 4.55% New
98 CPC Advisors, LLC 1.42% of their portfolio Atlanta, GA 158,397158.4k $11.3m $11.3m 1.42% Added +981 +981
99 TD Capital Management LLC 1.06% of their portfolio MEMPHIS, TN 156,888156.9k $11.2m $11.2m 1.06% Added +5.7k +5,716
100 Chicago Wealth Management, Inc. 5.30% of their portfolio CHICAGO, IL 156,118156.1k $11.1m $11.1m 5.30% Reduced -497 -497