Vault-13

INVESCO EXCHANGE TRADED FD T SPHQ

S&P500 QUALITY · ETP · CUSIP 46137V241

750 institutional holders +37 vs Q4 2025
140,837,040140.8m shares reported held*
$10.6bnreported value*
70 new 296 added 225 reduced 33 sold out net bought ≈ $527.8m (+7.0m 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 ($1.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $75.19. Options: 2 managers hold calls ($699.3k notional), 0 hold puts (—).

Trends to Q1 2026

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: 671Q3 25: 678Q4 25: 713Q1 26: 750750Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q3 2025678
Q4 2025713
Q1 2026750

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q2 24: 264 bought or addedQ2 24: 167 cut or sold outQ3 24: 296 bought or addedQ3 24: 171 cut or sold outQ3 24Q4 24: 308 bought or addedQ4 24: 178 cut or sold outQ1 25: 346 bought or addedQ1 25: 207 cut or sold outQ1 25Q2 25: 360 bought or addedQ2 25: 230 cut or sold outQ3 25: 340 bought or addedQ3 25: 247 cut or sold outQ3 25Q4 25: 309 bought or addedQ4 25: 277 cut or sold outQ1 26: 366 bought or addedQ1 26: 258 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024264167
Q3 2024296171
Q4 2024308178
Q1 2025346207
Q2 2025360230
Q3 2025340247
Q4 2025309277
Q1 2026366258

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5m$2mQ2 25 calls: $484.6kQ2 25 puts: $954.9kQ2 25P/C 1.97Q3 25 calls: $1.2mQ3 25 puts: $1.1mQ3 25P/C 0.87Q4 25 calls: $1.5mQ4 25 puts: $0Q4 25P/C 0.00Q1 26 calls: $699.3kQ1 26 puts: $0Q1 26P/C 0.00
Numbers
QuarterCallsPutsP/C
Q2 2025$484.6k$954.9k1.97
Q3 2025$1.2m$1.1m0.87
Q4 2025$1.5m$00.00
Q1 2026$699.3k$00.00

Biggest buyers

Heritage Wealth Advisors Added +4,636,549+4.6m
FMR LLC Added +2,100,046+2.1m
Independent Advisor Alliance New +1,059,017+1.1m
Independence Asset Advisors, LLC New +982,253+982.3k
Tulsa Wealth Advisors, INC New +752,841+752.8k
BNP PARIBAS FINANCIAL MARKETS Added +631,718+631.7k
Kestra Advisory Services, LLC Added +356,849+356.8k
NorthCoast Asset Management LLC Added +347,905+347.9k
JONES FINANCIAL COMPANIES LLLP Added +339,434+339.4k
ARMSTRONG ADVISORY GROUP, INC Added +286,756+286.8k

Biggest sellers

WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -2,408,588-2.4m
CLIFTONLARSONALLEN WEALTH ADVISORS, LLC Reduced -1,559,463-1.6m
Bank of New York Mellon Corp Reduced -845,431-845.4k
TWO SIGMA INVESTMENTS, LP Sold out -586,800-586.8k
ROYAL BANK OF CANADA Reduced -433,330-433.3k
Davidson Capital Management Inc. Reduced -429,038-429.0k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Reduced -216,902-216.9k
Stratos Wealth Partners, LTD. Reduced -186,512-186.5k
RAYMOND JAMES FINANCIAL INC Reduced -174,150-174.2k
Chicago Wealth Management, Inc. Sold out -159,662-159.7k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $466.2k6.2k shares
JANE STREET GROUP, LLC Reduced $233.1k3.1k 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, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.24% of their portfolio FORT MILL, SC 12,165,86712.2m $914.8m $914.8m 0.24% Added +248.5k +248,502
2 AMERIPRISE FINANCIAL INC 0.15% of their portfolio MINNEAPOLIS, MN 8,820,0598.8m $663.4m $663.4m 0.15% Added +222.8k +222,789
3 FMR LLC 0.03% of their portfolio BOSTON, MA 7,871,7107.9m $591.9m $591.9m 0.03% Added +2.1m +2,100,046
4 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 8.09% of their portfolio MINNEAPOLIS, MN 7,350,8847.4m $552.7m $552.7m 8.09% Reduced -1.6m -1,559,463
5 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 5,674,4485.7m $426.7m $426.7m 0.03% Added +63.8k +63,784
6 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.91% of their portfolio PLYMOUTH, MN 5,507,3315.5m $415.8m $415.8m 0.91% Reduced -2.4m -2,408,588
7 WELLS FARGO & COMPANY/MN 0.07% of their portfolio SAN FRANCISCO, CA 4,968,7805.0m $373.6m $373.6m 0.07% Added +169.6k +169,552
8 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 4,893,2364.9m $367.9m $367.9m 0.03% Reduced -35.4k -35,392
9 Heritage Wealth Advisors 13.77% of their portfolio RICHMOND, VA 4,688,7344.7m $352.5m $352.5m 13.77% Added +4.6m +4,636,549
10 RAYMOND JAMES FINANCIAL INC 0.10% of their portfolio ST. PETERSBURG, FL 4,194,9504.2m $315.4m $315.4m 0.10% Reduced -174.2k -174,150
11 VANTAGEPOINT INVESTMENT ADVISERS LLC 2.12% of their portfolio WASHINGTON, DC 3,321,6643.3m $249.8m $249.8m 2.12% Reduced -25.5k -25,474
12 OSAIC HOLDINGS, INC. 0.27% of their portfolio SCOTTSDALE, AZ 2,495,8462.5m $187.7m $187.7m 0.27% Reduced -7.7k -7,732
13 JONES FINANCIAL COMPANIES LLLP 0.09% of their portfolio DES PERES, MO 2,467,6572.5m $182.9m $182.9m 0.09% Added +339.4k +339,434
14 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 2,184,5392.2m $164.3m $164.3m 0.03% Reduced -433.3k -433,330
15 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.10% of their portfolio MILWAUKEE, WI 2,091,4212.1m $157.3m $157.3m 0.10% Reduced -216.9k -216,902
16 ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio Berwyn, PA 1,998,3582.0m $150.3m $150.3m 0.04% Added +63.1k +63,066
17 Bank of New York Mellon Corp 0.03% of their portfolio NEW YORK, NY 1,956,0522.0m $147.1m $147.1m 0.03% Reduced -845.4k -845,431
18 SFMG, LLC 8.69% of their portfolio PLANO, TX 1,686,9241.7m $126.8m $126.8m 8.69% Added +18.8k +18,817
19 UBS Group AG 0.02% of their portfolio ZURICH, V8 1,598,7151.6m $120.2m $120.2m 0.02% Reduced -91.3k -91,291
20 First Command Advisory Services, Inc. 0.73% of their portfolio FORT WORTH, TX 1,432,2311.4m $107.7m $107.7m 0.73% Reduced -28.7k -28,736
21 Equitable Holdings, Inc. 0.69% of their portfolio NEW YORK, NY 1,431,3401.4m $107.4m $107.4m 0.69% Added +121.7k +121,740
22 NorthCoast Asset Management LLC 2.35% of their portfolio STAMFORD, CT 1,350,1981.4m $101.5m $101.5m 2.35% Added +347.9k +347,905
23 Madison Asset Management, LLC 1.20% of their portfolio MADISON, WI 1,282,3651.3m $96.4m $96.4m 1.20% Reduced -80.0k -80,027
24 Cetera Investment Advisers 0.10% of their portfolio SCHAUMBURG, IL 1,231,8151.2m $92.6m $92.6m 0.10% Reduced -5.6k -5,581
25 COMMONWEALTH EQUITY SERVICES, LLC 0.11% of their portfolio WALTHAM, MA 1,069,4841.1m $80.4m $80.4m 0.11% Reduced -2.2k -2,217
26 Independent Advisor Alliance 0.85% of their portfolio CHARLOTTE, NC 1,059,0171.1m $79.6m $79.6m 0.85% New
27 Independence Asset Advisors, LLC 26.70% of their portfolio WYNNEWOOD,, PA 982,253982.3k $73.9m $73.9m 26.70% New
28 Alvarez & Marsal Private Wealth Partners, LLC 10.10% of their portfolio WEST PALM BEACH, FL 956,589956.6k $71.9m $71.9m 10.10% Added +182.3k +182,252
29 STIFEL FINANCIAL CORP 0.06% of their portfolio ST. LOUIS, MO 934,862934.9k $70.3m $70.3m 0.06% Added +68.4k +68,366
30 PNC Financial Services Group, Inc. 0.04% of their portfolio Pittsburgh, PA 900,843900.8k $67.7m $67.7m 0.04% Reduced -73.4k -73,369
31 MML INVESTORS SERVICES, LLC 0.17% of their portfolio SPRINGFIELD, MA 823,056823.1k $61.9m $61.9m 0.17% Reduced -80.0k -79,963
32 Evensky & Katz LLC 3.32% of their portfolio CORAL GABLES, FL 775,144775.1k $58.3m $58.3m 3.32% Added +1.7k +1,694
33 Tulsa Wealth Advisors, INC 9.92% of their portfolio TULSA, OK 752,841752.8k $56.6m $56.6m 9.92% New
34 Compass Ion Advisors, LLC 5.34% of their portfolio CONSHOHOCKEN, PA 745,478745.5k $56.1m $56.1m 5.34% Added +4.5k +4,493
35 Paragon Capital Management Ltd 11.36% of their portfolio DENVER, CO 718,982719.0k $54.1m $54.1m 11.36% Reduced -13.2k -13,249
36 Perennial Investment Advisors, LLC 4.18% of their portfolio Los Angeles, CA 695,729695.7k $52.3m $52.3m 4.18% Reduced -10.6k -10,644
37 Rockefeller Capital Management L.P. 0.09% of their portfolio NEW YORK, NY 663,024663.0k $49.9m $49.9m 0.09% Added +5.4k +5,421
38 BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio PARIS, I0 632,003632.0k $47.5m $47.5m 0.03% Added +631.7k +631,718
39 Demars Financial Group, LLC 15.44% of their portfolio SPOKANE VALLEY, WA 623,705623.7k $46.9m $46.9m 15.44% Reduced -15.9k -15,927
40 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 598,213598.2k $43.9m $43.9m 0.00% Added +61.5k +61,515
41 Mariner, LLC 0.05% of their portfolio Overland Park, KS 594,702594.7k $44.7m $44.7m 0.05% Added +258.5k +258,462
42 Sequoia Financial Advisors, LLC 0.23% of their portfolio Akron, OH 548,918548.9k $41.3m $41.3m 0.23% Reduced -12.8k -12,828
43 Alpine Bank Wealth Management 5.85% of their portfolio GRAND JUNCTION, CO 535,503535.5k $40.3m $40.3m 5.85% Reduced -19.5k -19,547
44 Milestone Investment Advisors LLC 9.59% of their portfolio MIDDLETON, WI 528,118528.1k $39.7m $39.7m 9.59% Added +2.2k +2,201
45 Family Investment Center, Inc. 7.54% of their portfolio Saint Joseph, MO 520,845520.8k $39.2m $39.2m 7.54% Reduced -103.1k -103,092
46 UNION SAVINGS BANK 16.09% of their portfolio LITCHFIELD, CT 488,164488.2k $36.7m $36.7m 16.09% Added +6.1k +6,117
47 Kestra Advisory Services, LLC 0.13% of their portfolio AUSTIN, TX 455,118455.1k $34.2m $34.2m 0.13% Added +356.8k +356,849
48 Stratos Wealth Partners, LTD. 0.39% of their portfolio BEACHWOOD, OH 454,647454.6k $34.2m $34.2m 0.39% Reduced -186.5k -186,512
49 SAX WEALTH ADVISORS, LLC 1.63% of their portfolio PARSIPPANY, NJ 446,956447.0k $33.5m $33.5m 1.63% Reduced -2.5k -2,463
50 WEALTH MANAGEMENT RESOURCES, INC. 11.48% of their portfolio SMITHFIELD, RI 438,438438.4k $33.0m $33.0m 11.48% Reduced -403 -403
51 Wealth Enhancement Trust Services, Inc. 3.89% of their portfolio SIOUX FALLS, SD 427,847427.8k $32.2m $32.2m 3.89% Reduced -17.6k -17,591
52 Cambridge Investment Research Advisors, Inc. 0.08% of their portfolio FAIRFIELD, IA 424,221424.2k $31.9m $31.9m 0.08% Added +45.0k +45,036
53 Capital Planning Advisors, LLC 4.50% of their portfolio Roseville, CA 413,627413.6k $31.1m $31.1m 4.50% Reduced -39.2k -39,223
54 Clearview Wealth Management LLC 21.72% of their portfolio IRVINE, CA 408,328408.3k $30.7m $30.7m 21.72% First filing
55 FIFTH THIRD BANCORP 0.06% of their portfolio CINCINNATI, OH 406,396406.4k $30.6m $30.6m 0.06% Added +37.1k +37,150
56 Orgel Wealth Management, LLC 0.65% of their portfolio ALTOONA, WI 398,406398.4k $30.0m $30.0m 0.65% Reduced -4.3k -4,327
57 TRUIST FINANCIAL CORP 0.04% of their portfolio CHARLOTTE, NC 396,300396.3k $29.8m $29.8m 0.04% Reduced -17.2k -17,157
58 Schwallier Wealth Management LLC 20.68% of their portfolio GRAND RAPIDS, MI 376,496376.5k $28.3m $28.3m 20.68% Reduced -6.9k -6,907
59 Ballast, Inc. 6.53% of their portfolio Lexington, KY 375,405375.4k $28.2m $28.2m 6.53% Added +4.9k +4,877
60 Private Advisor Group, LLC 0.13% of their portfolio MORRISTOWN, NJ 369,373369.4k $27.8m $27.8m 0.13% Added +49.1k +49,089
61 EVERGREEN CAPITAL MANAGEMENT LLC 0.56% of their portfolio Bellevue, WA 346,195346.2k $26.0m $26.0m 0.56% Added +5.9k +5,871
62 Corient Private Wealth LP 0.04% of their portfolio MIAMI, FL 343,837343.8k $25.9m $25.9m 0.04% Added +169.7k +169,722
63 Baird Financial Group, Inc. 0.04% of their portfolio MILWAUKEE, WI 336,313336.3k $25.3m $25.3m 0.04% Added +70.4k +70,378
64 Jefferies Financial Group Inc. 0.30% of their portfolio NEW YORK, NY 326,865326.9k $24.6m $24.6m 0.30% Added +56.2k +56,199
65 SUMMIT WEALTH GROUP LLC / CO 2.53% of their portfolio COLORADO SPRINGS, CO 319,573319.6k $24.0m $24.0m 2.53% Reduced -51.4k -51,384
66 HighTower Advisors, LLC 0.03% of their portfolio CHICAGO, IL 314,321314.3k $23.6m $23.6m 0.03% Added +2.3k +2,342
67 Rollins Financial Advisors, LLC 3.48% of their portfolio ATLANTA, GA 292,408292.4k $22.0m $22.0m 3.48% Added +23.5k +23,475
68 ARMSTRONG ADVISORY GROUP, INC 1.45% of their portfolio NEEDHAM, MA 286,827286.8k $21.6m $21.6m 1.45% Added +286.8k +286,756
69 Snowden Capital Advisors LLC 0.57% of their portfolio New York, NY 283,594283.6k $21.3m $21.3m 0.57% Added +2.8k +2,783
70 RFG Advisory, LLC 0.38% of their portfolio BIRMINGHAM, AL 271,890271.9k $20.4m $20.4m 0.38% Added +104.4k +104,364
71 BLAIR WILLIAM & CO/IL 0.06% of their portfolio CHICAGO, IL 269,028269.0k $20.2m $20.2m 0.06% Added +18.2k +18,191
72 Cresset Asset Management, LLC 0.09% of their portfolio Chicago, IL 262,603262.6k $19.7m $19.7m 0.09% Added +9.0k +9,002
73 COZAD ASSET MANAGEMENT INC 1.48% of their portfolio CHAMPAIGN, IL 250,011250.0k $18.8m $18.8m 1.48% Reduced -1.5k -1,541
74 Graves Light Lenhart Wealth, Inc. 1.93% of their portfolio HARRISONBURG, VA 246,520246.5k $18.5m $18.5m 1.93% Added +9.5k +9,505
75 TruWealth Advisors, LLC 0.88% of their portfolio Metairie, LA 244,394244.4k $18.4m $18.4m 0.88% Reduced -3.9k -3,853
76 Focus Financial Network, Inc. 0.65% of their portfolio MINNEAPOLIS, MN 240,986241.0k $18.1m $18.1m 0.65% Added +1.5k +1,503
77 Sterling Group Wealth Management, LLC 8.23% of their portfolio PASADENA, CA 231,299231.3k $17.4m $17.4m 8.23% Reduced -40.3k -40,253
78 CREATIVE FINANCIAL DESIGNS INC /ADV 1.04% of their portfolio KOKOMO, IN 226,520226.5k $17.0m $17.0m 1.04% Reduced -25.0k -24,987
79 Cresta Advisors, Ltd. 6.97% of their portfolio LAREDO, TX 226,368226.4k $17.0m $17.0m 6.97% Added +15.8k +15,764
80 NorthRock Partners, LLC 0.27% of their portfolio MINNEAPOLIS, MN 224,229224.2k $16.9m $16.9m 0.27% Reduced -49.4k -49,409
81 IHT Wealth Management, LLC 0.40% of their portfolio Chicago, IL 223,820223.8k $16.8m $16.8m 0.40% Added +17.4k +17,379
82 JNBA Financial Advisors 1.37% of their portfolio BLOOMINGTON, MN 219,166219.2k $16.5m $16.5m 1.37% Reduced -3.6k -3,613
83 MOR Wealth Management, LLC 7.51% of their portfolio PHILADELPHIA, PA 217,866217.9k $16.4m $16.4m 7.51% Added +22.7k +22,709
84 Burns Matteson Capital Management, LLC 6.37% of their portfolio CORNING, NY 217,586217.6k $16.4m $16.4m 6.37% Reduced -5.0k -5,042
85 SIERRA OCEAN, LLC 13.22% of their portfolio RIPON, CA 214,270214.3k $16.1m $16.1m 13.22% Added +9.1k +9,132
86 Qube Research & Technologies Ltd 0.02% of their portfolio LONDON, X0 209,182209.2k $15.7m $15.7m 0.02% Reduced -57.8k -57,805
87 Vigilare Wealth Management 5.31% of their portfolio SCOTTSDALE, AZ 209,004209.0k $15.7m $15.7m 5.31% Added +104.0k +104,025
88 Lido Advisors, LLC 0.06% of their portfolio Los Angeles, CA 208,510208.5k $15.7m $15.7m 0.06% Reduced -4.1k -4,120
89 HARBOUR INVESTMENTS, INC. 0.24% of their portfolio MADISON, WI 208,309208.3k $15.7m $15.7m 0.24% Added +53.8k +53,752
90 Redhawk Wealth Advisors, Inc. 1.72% of their portfolio MINNEAPOLIS, MN 207,402207.4k $15.6m $15.6m 1.72% Added +149.1k +149,131
91 Davidson Capital Management Inc. 2.80% of their portfolio CORPUS CHRISTI, TX 205,732205.7k $15.5m $15.5m 2.80% Reduced -429.0k -429,038
92 Crusonia Wealth Advisors LLC 3.12% of their portfolio DENVER, CO 201,078201.1k $15.1m $15.1m 3.12% Added +7.7k +7,717
93 Sound View Wealth Advisors Group, LLC 1.00% of their portfolio SAVANNAH, GA 194,574194.6k $14.6m $14.6m 1.00% Reduced -2.6k -2,581
94 Opes Wealth Management LLC 2.39% of their portfolio MENLO PARK, CA 186,317186.3k $14.0m $14.0m 2.39% Reduced -1.3k -1,294
95 Janney Montgomery Scott LLC 0.03% of their portfolio PHILADELPHIA, PA 170,750170.8k $12.8m $12.8m 0.03% Added +20.5k +20,511
96 Kingsview Wealth Management, LLC 0.17% of their portfolio GRANTS PASS, OR 163,120163.1k $12.3m $12.3m 0.17% Added +8.4k +8,447
97 Hoese & Co LLP 9.06% of their portfolio GLENCOE, MN 162,420162.4k $12.2m $12.2m 9.06% Reduced -30.3k -30,332
98 TD Capital Management LLC 1.10% of their portfolio MEMPHIS, TN 162,354162.4k $12.2m $12.2m 1.10% Reduced -791 -791
99 Core Wealth Advisors, Inc. 2.90% of their portfolio LAKELAND, FL 161,720161.7k $12.2m $12.2m 2.90% Added +17.4k +17,394
100 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 160,853160.9k $12.1m $12.1m 0.02% Added +6.2k +6,217