Vault-13

INVESCO EXCHANGE TRADED FD T XMHQ

S&P MDCP QUALITY · ETP · CUSIP 46137V472

423 institutional holders +26 vs Q3 2025
32,815,39132.8m shares reported held*
$3.4bnreported value*
34 new 164 added 145 reduced 33 sold out net bought ≈ $22.7m (+228.9k 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 ($1.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $102.50. Options: 1 managers hold calls ($1.2m notional), 0 hold puts (—).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 77Q4 22: 84Q1 23: 85Q2 23: 125Q3 23: 158Q4 23: 213Q1 24: 284Q2 24: 313Q3 24: 348Q4 24: 405Q1 25: 404Q2 25: 395Q3 25: 397Q4 25: 423423Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202277
Q4 202284
Q1 202385
Q2 2023125
Q3 2023158
Q4 2023213
Q1 2024284
Q2 2024313
Q3 2024348
Q4 2024405
Q1 2025404
Q2 2025395
Q3 2025397
Q4 2025423

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 24: 217 bought or addedQ1 24: 63 cut or sold outQ2 24: 229 bought or addedQ2 24: 89 cut or sold outQ2 24Q3 24: 252 bought or addedQ3 24: 90 cut or sold outQ4 24: 249 bought or addedQ4 24: 112 cut or sold outQ4 24Q1 25: 210 bought or addedQ1 25: 202 cut or sold outQ2 25: 180 bought or addedQ2 25: 211 cut or sold outQ2 25Q3 25: 193 bought or addedQ3 25: 178 cut or sold outQ4 25: 198 bought or addedQ4 25: 178 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 202421763
Q2 202422989
Q3 202425290
Q4 2024249112
Q1 2025210202
Q2 2025180211
Q3 2025193178
Q4 2025198178

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5m$2mQ1 25 calls: $430.2kQ1 25 puts: $631.6kQ1 25P/C 1.47Q2 25 calls: $1.8mQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $944.6kQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $1.2mQ4 25 puts: $0Q4 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q1 2025$430.2k$631.6k1.47
Q2 2025$1.8m$00.00
Q3 2025$944.6k$00.00
Q4 2025$1.2m$00.00

Biggest buyers

MORGAN STANLEY Added +252,612+252.6k
EQUITABLE TRUST CO Added +241,196+241.2k
Cetera Investment Advisers Added +135,380+135.4k
Farther Finance Advisors, LLC Added +135,249+135.2k
HighPoint Advisor Group LLC New +120,231+120.2k
JONES FINANCIAL COMPANIES LLLP Added +105,958+106.0k
Thrivent Financial for Lutherans New +61,094+61.1k
XY Planning Network, Inc. Added +47,201+47.2k
WELLS FARGO & COMPANY/MN Added +42,658+42.7k
Private Advisor Group, LLC Added +33,215+33.2k

Biggest sellers

LPL Financial LLC Reduced -327,955-328.0k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Reduced -139,832-139.8k
SMITH, MOORE & CO. Sold out -108,105-108.1k
VANTAGEPOINT INVESTMENT ADVISERS LLC Reduced -105,639-105.6k
OSAIC HOLDINGS, INC. Reduced -82,857-82.9k
ENZI WEALTH Reduced -79,425-79.4k
KESTRA PRIVATE WEALTH SERVICES, LLC Reduced -75,992-76.0k
Stratos Wealth Partners, LTD. Reduced -59,767-59.8k
BNP PARIBAS FINANCIAL MARKETS Sold out -50,000-50.0k
HighTower Advisors, LLC Reduced -47,508-47.5k

Biggest calls

CITADEL ADVISORS LLC Added $1.2m11.9k 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 0.13% of their portfolio FORT MILL, SC 4,622,1304.6m $473.4m $473.4m 0.13% Reduced -328.0k -327,955
2 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 2,413,0212.4m $247.1m $247.1m 0.01% Added +252.6k +252,612
3 VANTAGEPOINT INVESTMENT ADVISERS LLC 1.15% of their portfolio WASHINGTON, DC 1,400,5501.4m $143.4m $143.4m 1.15% Reduced -105.6k -105,639
4 Cetera Investment Advisers 0.15% of their portfolio SCHAUMBURG, IL 1,307,1111.3m $133.9m $133.9m 0.15% Added +135.4k +135,380
5 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 1,191,3391.2m $122.0m $122.0m 0.03% Added +3.9k +3,933
6 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.08% of their portfolio MILWAUKEE, WI 1,168,2001.2m $119.6m $119.6m 0.08% Reduced -139.8k -139,832
7 RAYMOND JAMES FINANCIAL INC 0.03% of their portfolio ST. PETERSBURG, FL 966,036966.0k $98.9m $98.9m 0.03% Reduced -14.2k -14,236
8 COMMONWEALTH EQUITY SERVICES, LLC 0.13% of their portfolio WALTHAM, MA 959,334959.3k $98.3m $98.3m 0.13% Reduced -7.8k -7,751
9 JONES FINANCIAL COMPANIES LLLP 0.05% of their portfolio DES PERES, MO 812,479812.5k $83.2m $83.2m 0.05% Added +106.0k +105,958
10 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 643,460643.5k $65.9m $65.9m 0.00% Reduced -7.2k -7,197
11 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 563,133563.1k $57.7m $57.7m 0.01% Added +42.7k +42,658
12 Focus Partners Wealth 0.05% of their portfolio ST LOUIS, MO 451,830451.8k $47.0m $47.0m 0.05% Reduced -3.9k -3,931
13 STIFEL FINANCIAL CORP 0.04% of their portfolio ST. LOUIS, MO 441,293441.3k $45.2m $45.2m 0.04% Reduced -8.4k -8,435
14 OSAIC HOLDINGS, INC. 0.06% of their portfolio SCOTTSDALE, AZ 426,523426.5k $43.7m $43.7m 0.06% Reduced -82.9k -82,857
15 STRAIGHTLINE GROUP LLC 20.98% of their portfolio TROY, MI 354,219354.2k $38.4m $38.4m 20.98% Added +10.7k +10,656
16 Cambridge Investment Research Advisors, Inc. 0.09% of their portfolio FAIRFIELD, IA 340,970341.0k $34.9m $34.9m 0.09% Reduced -25.3k -25,313
17 Focus Financial Network, Inc. 1.18% of their portfolio MINNEAPOLIS, MN 329,674329.7k $33.8m $33.8m 1.18% Added +10.6k +10,610
18 EQUITABLE TRUST CO 1.51% of their portfolio NASHVILLE, TN 329,642329.6k $33.8m $33.8m 1.51% Added +241.2k +241,196
19 TruWealth Advisors, LLC 1.64% of their portfolio Metairie, LA 328,001328.0k $33.6m $33.6m 1.64% Added +18.9k +18,910
20 Trilogy Capital Inc. 1.42% of their portfolio IRVINE, CA 311,051311.1k $31.9m $31.9m 1.42% Reduced -2.2k -2,243
21 NewEdge Advisors, LLC 0.12% of their portfolio NEW ORLEANS, LA 310,765310.8k $31.8m $31.8m 0.12% Added +9.1k +9,131
22 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 310,024310.0k $31.8m $31.8m 0.01% Added +2.2k +2,179
23 UMB Bank, n.a. 0.42% of their portfolio Kansas City, MO 308,809308.8k $31.6m $31.6m 0.42% Added +12.3k +12,283
24 Crestwood Advisors Group, LLC 0.49% of their portfolio BOSTON, MA 285,766285.8k $29.3m $29.3m 0.49% Added +7.4k +7,372
25 Capital Planning Advisors, LLC 3.75% of their portfolio Roseville, CA 274,130274.1k $28.1m $28.1m 3.75% Reduced -820 -820
26 HighTower Advisors, LLC 0.03% of their portfolio CHICAGO, IL 255,238255.2k $26.1m $26.1m 0.03% Reduced -47.5k -47,508
27 Atlantic Union Bankshares Corp 0.48% of their portfolio GLEN ALLEN, VA 251,020251.0k $25.7m $25.7m 0.48% Added +25.3k +25,317
28 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 248,095248.1k $25.4m $25.4m 0.00% Added +9.5k +9,502
29 Private Advisor Group, LLC 0.11% of their portfolio MORRISTOWN, NJ 229,822229.8k $23.5m $23.5m 0.11% Added +33.2k +33,215
30 SAX WEALTH ADVISORS, LLC 0.92% of their portfolio PARSIPPANY, NJ 191,398191.4k $19.6m $19.6m 0.92% Added +27.8k +27,828
31 KPP Advisory Services LLC 2.82% of their portfolio Louisville, KY 189,315189.3k $19.4m $19.4m 2.82% Added +3.0k +3,041
32 MML INVESTORS SERVICES, LLC 0.05% of their portfolio SPRINGFIELD, MA 185,451185.5k $19.0m $19.0m 0.05% Added +2.5k +2,511
33 Blue Water Asset Management 6.83% of their portfolio GRAND RAPIDS, MI 185,326185.3k $19.0m $19.0m 6.83% First filing
34 Kestra Advisory Services, LLC 0.08% of their portfolio AUSTIN, TX 181,866181.9k $18.6m $18.6m 0.08% Added +26.4k +26,440
35 TRUST CO OF TOLEDO NA /OH/ 1.83% of their portfolio HOLLAND, OH 181,072181.1k $18.5m $18.5m 1.83% Added +6.3k +6,279
36 UBS Group AG 0.00% of their portfolio ZURICH, V8 180,738180.7k $18.5m $18.5m 0.00% Reduced -7.3k -7,313
37 Foundations Investment Advisors, LLC 0.22% of their portfolio PHOENIX, AZ 163,284163.3k $16.7m $16.7m 0.22% Reduced -1.1k -1,075
38 Everest Financial Group LLC 3.71% of their portfolio MINNEAPOLIS, MN 161,743161.7k $16.6m $16.6m 3.71% First filing
39 HUNTER ASSOCIATES INVESTMENT MANAGEMENT LLC 2.20% of their portfolio PITTSBURGH, PA 160,795160.8k $16.5m $16.5m 2.20% Added +10.6k +10,637
40 Gerber Kawasaki Wealth & Investment Management 0.52% of their portfolio SANTA MONICA, CA 144,273144.3k $14.8m $14.8m 0.52% Added +6.6k +6,640
41 Family Investment Center, Inc. 2.95% of their portfolio Saint Joseph, MO 142,614142.6k $14.6m $14.6m 2.95% Added +1.1k +1,147
42 Wealthspire Retirement, LLC 0.88% of their portfolio ALISO VIEJO, CA 142,002142.0k $14.5m $14.5m 0.88% Added +4.9k +4,888
43 Farther Finance Advisors, LLC 0.15% of their portfolio SAN FRANCISCO, CA 139,853139.9k $14.3m $14.3m 0.15% Added +135.2k +135,249
44 WCG Wealth Advisors LLC 0.40% of their portfolio LAS VEGAS, NV 139,727139.7k $14.3m $14.3m 0.40% Added +15.8k +15,817
45 Equitable Holdings, Inc. 0.10% of their portfolio NEW YORK, NY 139,533139.5k $14.3m $14.3m 0.10% Reduced -22.9k -22,860
46 Bleakley Financial Group, LLC 0.24% of their portfolio PARSIPPANY, NJ 134,639134.6k $13.8m $13.8m 0.24% Added +3.4k +3,404
47 CWM, LLC 0.04% of their portfolio OMAHA, NE 133,261133.3k $13.6m $13.6m 0.04% Added +14.5k +14,502
48 Corecam Pte. Ltd. 7.04% of their portfolio SINGAPORE, U0 129,470129.5k $13.3m $13.3m 7.04% Added +23.1k +23,100
49 NBZ Investment Advisors LLC 5.48% of their portfolio KNOXVILLE, TN 122,663122.7k $12.6m $12.6m 5.48% Added +10.9k +10,896
50 Madrona Financial Services, LLC 2.64% of their portfolio EVERETT, WA 120,448120.4k $12.3m $12.3m 2.64% Added +2.8k +2,770
51 HighPoint Advisor Group LLC 0.27% of their portfolio DOWNERS GROVE, IL 120,231120.2k $12.3m $12.3m 0.27% New
52 Sowell Financial Services LLC 0.45% of their portfolio NORTH LITTLE ROCK, AR 119,044119.0k $12.2m $12.2m 0.45% Added +4.7k +4,662
53 Traction Financial Partners, LLC 7.13% of their portfolio LITTLETON, CO 117,406117.4k $12.0m $12.0m 7.13% Added +6.6k +6,597
54 Orion Porfolio Solutions, LLC 0.08% of their portfolio OMAHA, NE 113,037113.0k $11.6m $11.6m 0.08% Added +5.6k +5,563
55 Merit Financial Group, LLC 0.09% of their portfolio ALPHARETTA, GA 105,797105.8k $10.8m $10.8m 0.09% Added +15.0k +15,000
56 WESCAP Management Group, Inc. 2.09% of their portfolio Glendale, CA 100,858100.9k $10.3m $10.3m 2.09% Added +10.6k +10,595
57 Janney Montgomery Scott LLC 0.02% of their portfolio PHILADELPHIA, PA 99,58399.6k $10.2m $10.2m 0.02% Added +1.2k +1,207
58 Capital Developers, LLC 8.96% of their portfolio Greenville, NC 97,62497.6k $10.0m $10.0m 8.96% First filing
59 Oasis Advisors, LLC 5.29% of their portfolio FOREST CITY, IA 97,52597.5k $10.0m $10.0m 5.29% First filing
60 PREVAIL INNOVATIVE WEALTH ADVISORS, LLC 1.75% of their portfolio LEAWOOD, KS 95,63395.6k $9.8m $9.8m 1.75% Added +22.6k +22,589
61 PRECEDENT WEALTH PARTNERS, LLC 2.05% of their portfolio HOUSTON, TX 95,27895.3k $9.8m $9.8m 2.05% Added +5.1k +5,144
62 Wealth Enhancement Trust Services, Inc. 1.18% of their portfolio SIOUX FALLS, SD 91,19891.2k $9.3m $9.3m 1.18% First filing
63 THOROUGHBRED FINANCIAL SERVICES, LLC 0.55% of their portfolio BRENTWOOD, TN 91,15391.2k $9.3m $9.3m 0.55% Reduced -4.2k -4,201
64 DAHRING | CUSMANO LLC 6.39% of their portfolio NOVI, MI 89,76489.8k $9.2m $9.2m 6.39% Added +3.0k +2,985
65 Altus Wealth Group LLC 3.61% of their portfolio COLORADO SPRINGS, CO 88,26788.3k $9.0m $9.0m 3.61% Added +1.8k +1,774
66 Modern Wealth Management, LLC 0.16% of their portfolio KANSAS CITY, MO 86,85886.9k $8.9m $8.9m 0.16% Added +21 +21
67 Fifth Third Securities, Inc. 0.57% of their portfolio Cincinnati, OH 84,96685.0k $8.7m $8.7m 0.57% Reduced -21.5k -21,451
68 Concord Wealth Partners 1.13% of their portfolio ABINGDON, VA 84,91784.9k $8.7m $8.7m 1.13% Added +3.7k +3,736
69 Willow Financial LLC 8.63% of their portfolio ROGERS, AR 82,89582.9k $8.5m $8.5m 8.63% First filing
70 LIBERTY SQUARE WEALTH PARTNERS LLC 2.41% of their portfolio BETHLEHEM, PA 82,51482.5k $8.5m $8.5m 2.41% Added +21.7k +21,653
71 Cornerstone Wealth Management, LLC 0.44% of their portfolio ST. PETERS, MO 82,16082.2k $8.4m $8.4m 0.44% Added +9.7k +9,709
72 Concord Asset Management, LLC/VA 1.46% of their portfolio ABINGDON, VA 82,05782.1k $8.4m $8.4m 1.46% Added +2.7k +2,732
73 Clark Wealth Partners 4.98% of their portfolio O'FALLON, IL 79,74479.7k $8.2m $8.2m 4.98% Unchanged
74 NewEdge Wealth, LLC 0.09% of their portfolio STAMFORD, CT 79,57079.6k $8.1m $8.1m 0.09% Reduced -4.0k -4,039
75 Trivium Point Advisory, LLC 0.82% of their portfolio WILTON, CT 79,23179.2k $8.1m $8.1m 0.82% Added +710 +710
76 Investors Portfolio Services LLC 7.18% of their portfolio PUYALLUP, WA 77,88277.9k $8.0m $8.0m 7.18% First filing
77 HARBOUR INVESTMENTS, INC. 0.15% of their portfolio MADISON, WI 74,60674.6k $7.6m $7.6m 0.15% Added +8.2k +8,222
78 ATTICUS WEALTH MANAGEMENT, LLC 1.83% of their portfolio Palm Beach Gardens, FL 72,52072.5k $7.4m $7.4m 1.83% Reduced -346 -346
79 IHT Wealth Management, LLC 0.18% of their portfolio Chicago, IL 71,98572.0k $7.4m $7.4m 0.18% Reduced -111 -111
80 KESTRA PRIVATE WEALTH SERVICES, LLC 0.09% of their portfolio AUSTIN, TX 71,28471.3k $7.3m $7.3m 0.09% Reduced -76.0k -75,992
81 USAdvisors Wealth Management, LLC 2.39% of their portfolio EDEN PRAIRIE, MN 70,91670.9k $7.3m $7.3m 2.39% Added +2.1k +2,090
82 DHJJ Financial Advisors, Ltd. 2.40% of their portfolio NAPERVILLE, IL 70,50570.5k $7.2m $7.2m 2.40% Added +662 +662
83 Anfield Capital Management, LLC 2.27% of their portfolio IRVINE, CA 70,18970.2k $7.2m $7.2m 2.27% Added +954 +954
84 TUDOR INVESTMENT CORP ET AL 0.04% of their portfolio STAMFORD, CT 69,19269.2k $7.1m $7.1m 0.04% Added +29.9k +29,918
85 PRINCIPAL SECURITIES, INC. 0.11% of their portfolio DES MOINES, IA 67,05867.1k $6.9m $6.9m 0.11% Added +1.3k +1,338
86 DENVER WEALTH MANAGEMENT, INC. 2.43% of their portfolio DENVER, CO 67,01367.0k $6.9m $6.9m 2.43% Added +10.3k +10,278
87 Stratos Wealth Partners, LTD. 0.08% of their portfolio BEACHWOOD, OH 65,28665.3k $6.7m $6.7m 0.08% Reduced -59.8k -59,767
88 LEVEL FOUR ADVISORY SERVICES, LLC 0.22% of their portfolio DALLAS, TX 64,94564.9k $6.7m $6.7m 0.22% Reduced -485 -485
89 MGO ONE SEVEN LLC 0.14% of their portfolio Beachwood, OH 64,71164.7k $6.6m $6.6m 0.14% Reduced -4.1k -4,077
90 Wealthcare Advisory Partners LLC 0.13% of their portfolio WEST CHESTER, PA 63,07463.1k $6.5m $6.5m 0.13% Reduced -5.0k -4,972
91 Corecam AG 6.45% of their portfolio ZURICH, V8 62,77562.8k $6.4m $6.4m 6.45% First filing
92 Burns Matteson Capital Management, LLC 2.55% of their portfolio CORNING, NY 62,05662.1k $6.4m $6.4m 2.55% Added +1.0k +1,020
93 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 61,09461.1k $6.3m $6.3m 0.01% New
94 Lighthouse Wealth Management Inc. 4.15% of their portfolio ASHLAND, OH 59,28459.3k $6.1m $6.1m 4.15% Reduced -401 -401
95 Principle Wealth Partners LLC 0.34% of their portfolio MADISON, CT 59,02859.0k $6.0m $6.0m 0.34% Reduced -3.4k -3,448
96 XY Planning Network, Inc. 1.04% of their portfolio BOZEMAN, MT 58,48858.5k $6.0m $6.0m 1.04% Added +47.2k +47,201
97 Berkeley, Inc 1.90% of their portfolio Boise, ID 58,30358.3k $6.0m $6.0m 1.90% Reduced -6.9k -6,927
98 Spectrum Wealth Advisory Group, LLC 2.19% of their portfolio GRANITE BAY, CA 58,18058.2k $6.0m $6.0m 2.19% Reduced -1.9k -1,936
99 PCG Wealth Advisors, LLC 1.69% of their portfolio OVERLAND PARK, KS 58,16658.2k $6.0m $6.0m 1.69% Added +6.5k +6,478
100 Forge Financial Services LLC 2.48% of their portfolio EDMOND, OK 56,68456.7k $5.8m $5.8m 2.48% Added +282 +282