Vault-13

INVESCO EXCHANGE TRADED FD T XSVM

S&P SMCP VLU MNT · ETP · CUSIP 46137V480

125 institutional holders +10 vs Q3 2025
5,924,9165.9m shares reported held*
$338.6mreported value*
16 new 42 added 41 reduced 12 sold out net bought ≈ $5.7m (+100.3k 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. Holder counts are more reliable. Implied quarter-end price ≈ $57.15.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 119Q4 22: 126Q1 23: 117Q2 23: 114Q3 23: 108Q4 23: 129Q1 24: 129Q2 24: 136Q3 24: 132Q4 24: 136Q1 25: 123Q2 25: 118Q3 25: 115Q4 25: 125125Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022119
Q4 2022126
Q1 2023117
Q2 2023114
Q3 2023108
Q4 2023129
Q1 2024129
Q2 2024136
Q3 2024132
Q4 2024136
Q1 2025123
Q2 2025118
Q3 2025115
Q4 2025125

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 24: 73 bought or addedQ1 24: 54 cut or sold outQ2 24: 80 bought or addedQ2 24: 45 cut or sold outQ2 24Q3 24: 74 bought or addedQ3 24: 57 cut or sold outQ4 24: 68 bought or addedQ4 24: 55 cut or sold outQ4 24Q1 25: 55 bought or addedQ1 25: 74 cut or sold outQ2 25: 36 bought or addedQ2 25: 79 cut or sold outQ2 25Q3 25: 48 bought or addedQ3 25: 60 cut or sold outQ4 25: 58 bought or addedQ4 25: 53 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20247354
Q2 20248045
Q3 20247457
Q4 20246855
Q1 20255574
Q2 20253679
Q3 20254860
Q4 20255853

Calls vs puts

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

CallsPuts
$0$2k$4k$6kQ1 25 calls: $0Q1 25 puts: $5.0kQ1 25P/C —Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —
Numbers
QuarterCallsPutsP/C
Q1 2025$0$5.0k—
Q2 2025$0$0—
Q3 2025$0$0—
Q4 2025$0$0—

Biggest buyers

Janney Montgomery Scott LLC Added +174,751+174.8k
RAYMOND JAMES FINANCIAL INC Added +134,373+134.4k
Farther Finance Advisors, LLC Added +31,727+31.7k
MORGAN STANLEY Added +30,081+30.1k
ROYAL BANK OF CANADA Added +23,898+23.9k
JPMORGAN CHASE & CO Added +13,449+13.4k
Altman Advisors, Inc. Added +13,197+13.2k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +13,132+13.1k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +12,009+12.0k
Arax Advisory Partners New +11,661+11.7k

Biggest sellers

OSAIC HOLDINGS, INC. Reduced -121,999-122.0k
Banco Santander, S.A. Reduced -87,366-87.4k
LPL Financial LLC Reduced -41,558-41.6k
Apex Wealth Management, LLC Sold out -34,403-34.4k
WELLS FARGO & COMPANY/MN Reduced -32,572-32.6k
Cetera Investment Advisers Reduced -16,752-16.8k
Sanctuary Advisors, LLC Reduced -16,547-16.5k
CWM, LLC Reduced -16,131-16.1k
LEIGH BALDWIN & CO., LLC Sold out -9,049-9.0k
JONES FINANCIAL COMPANIES LLLP Reduced -7,998-8.0k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 861,001861.0k $49.2m $49.2m 0.01% Reduced -41.6k -41,558
2 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 464,376464.4k $26.5m $26.5m 0.00% Reduced -3.6k -3,561
3 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 414,523414.5k $23.7m $23.7m 0.00% Added +30.1k +30,081
4 360 Financial, Inc. 5.42% of their portfolio WAYZATA, MN 314,110314.1k $17.9m $17.9m 5.42% Added +3.3k +3,308
5 Valmark Advisers, Inc. 0.22% of their portfolio AKRON, OH 311,083311.1k $17.8m $17.8m 0.22% Reduced -120 -120
6 Janney Montgomery Scott LLC 0.04% of their portfolio PHILADELPHIA, PA 275,638275.6k $15.8m $15.8m 0.04% Added +174.8k +174,751
7 CWM, LLC 0.03% of their portfolio OMAHA, NE 220,455220.5k $12.6m $12.6m 0.03% Reduced -16.1k -16,131
8 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 215,690215.7k $12.3m $12.3m 0.00% Added +134.4k +134,373
9 Banco Santander, S.A. 0.08% of their portfolio Madrid, U3 177,409177.4k $10.1m $10.1m 0.08% Reduced -87.4k -87,366
10 Traction Financial Partners, LLC 5.83% of their portfolio LITTLETON, CO 172,030172.0k $9.8m $9.8m 5.83% Added +2.5k +2,487
11 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 169,630169.6k $9.7m $9.7m 0.01% Reduced -2.0k -2,018
12 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 143,049143.0k $8.2m $8.2m 0.01% Reduced -16.8k -16,752
13 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 140,783140.8k $8.0m $8.0m 0.01% Reduced -122.0k -121,999
14 Altman Advisors, Inc. 2.95% of their portfolio CHICAGO, IL 137,061137.1k $7.8m $7.8m 2.95% Added +13.2k +13,197
15 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 112,844112.8k $6.4m $6.4m 0.00% Added +776 +776
16 Private Advisor Group, LLC 0.03% of their portfolio MORRISTOWN, NJ 109,810109.8k $6.3m $6.3m 0.03% Added +11.5k +11,461
17 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 108,321108.3k $6.2m $6.2m 0.00% Added +13.1k +13,132
18 CIBC WORLD MARKET INC. 0.01% of their portfolio TORONTO, A6 97,53997.5k $5.6m $5.6m 0.01% Reduced -2.1k -2,135
19 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 94,66694.7k $5.4m $5.4m 0.01% Added +3.6k +3,571
20 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 81,24981.2k $4.6m $4.6m 0.00% Added +23.9k +23,898
21 Cooper Financial Group 0.45% of their portfolio IRVINE, CA 73,57373.6k $4.2m $4.2m 0.45% Added +2.4k +2,403
22 Kellett Wealth Advisors, LLC 2.13% of their portfolio CINCINNATI, OH 65,18865.2k $3.7m $3.7m 2.13% Added +954 +954
23 MONECO ADVISORS, LLC 0.25% of their portfolio FAIRFIELD, CT 55,82555.8k $3.2m $3.2m 0.25% Reduced -2.6k -2,601
24 Fermata Advisors, LLC 0.76% of their portfolio SONOMA, CA 55,39655.4k $3.2m $3.2m 0.76% Added +980 +980
25 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 47,64347.6k $2.7m $2.7m 0.00% Reduced -528 -528
26 Premier Path Wealth Partners, LLC 0.34% of their portfolio MADISON, NJ 45,72945.7k $2.6m $2.6m 0.34% Reduced -2.6k -2,621
27 Focus Partners Advisor Solutions, LLC 0.03% of their portfolio SAINT LOUIS, MO 44,57544.6k $2.5m $2.5m 0.03% Added +90 +90
28 DOPKINS WEALTH MANAGEMENT, LLC 1.03% of their portfolio WILLIAMSVILLE, NY 44,02844.0k $2.5m $2.5m 1.03% Reduced -150 -150
29 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 39,77039.8k $2.3m $2.3m 0.00% Reduced -2.5k -2,525
30 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 33,44533.4k $1.9m $1.9m 0.00% Reduced -32.6k -32,572
31 IHT Wealth Management, LLC 0.05% of their portfolio Chicago, IL 32,46432.5k $1.9m $1.9m 0.05% Added +6.5k +6,482
32 Farther Finance Advisors, LLC 0.02% of their portfolio SAN FRANCISCO, CA 32,45132.5k $1.9m $1.9m 0.02% Added +31.7k +31,727
33 Bestgate Wealth Advisors, LLC 3.17% of their portfolio FREDERICK, MD 31,57731.6k $1.8m $1.8m 3.17% Added +146 +146
34 Stratos Wealth Partners, LTD. 0.02% of their portfolio BEACHWOOD, OH 30,52630.5k $1.7m $1.7m 0.02% Reduced -1.3k -1,340
35 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 30,00030.0k $1.7m $1.7m 0.00% Added +6.9k +6,900
36 Tolleson Wealth Management, Inc. 0.25% of their portfolio DALLAS, TX 30,00030.0k $1.7m $1.7m 0.25% Unchanged
37 Williams & Novak, LLC 1.21% of their portfolio WESTLAKE VILLAGE, CA 28,07428.1k $1.6m $1.6m 1.21% Added +2.8k +2,827
38 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 27,49927.5k $1.6m $1.6m 0.00% Reduced -8.0k -7,998
39 Spire Wealth Management 0.05% of their portfolio MCLEAN, VA 25,80625.8k $1.5m $1.5m 0.05% Reduced -1.5k -1,477
40 LOWERY THOMAS, LLC 0.83% of their portfolio PEBBLE BEACH, CA 25,67025.7k $1.5m $1.5m 0.83% Added +303 +303
41 SFM, LLC 0.71% of their portfolio MANCHESTER, NH 21,07521.1k $1.2m $1.2m 0.71% Reduced -274 -274
42 OxenFree Capital LLC 0.62% of their portfolio MELBOURNE, FL 20,59720.6k $1.2m $1.2m 0.62% Added +3.6k +3,631
43 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 19,05319.1k $1.1m $1.1m 0.00% Added +2.8k +2,772
44 Valued Wealth Advisors LLC 0.47% of their portfolio HOLLADAY, UT 18,86118.9k $1.1m $1.1m 0.47% Reduced -890 -890
45 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 17,96318.0k $1.0m $1.0m 0.00% Reduced -463 -463
46 Marshall Financial Group, LLC 0.19% of their portfolio Hunt Valley, MD 17,21217.2k $983.5k $983.5k 0.19% Reduced -479 -479
47 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 16,53516.5k $944.8k $944.8k 0.01% Reduced -16.5k -16,547
48 Asset Allocation Strategies LLC 0.17% of their portfolio FARMINGTON, MI 16,14516.1k $922.5k $922.5k 0.17% Reduced -1.2k -1,250
49 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 15,86315.9k $906.4k $906.4k 0.00% Added +13.4k +13,449
50 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 14,99215.0k $856.6k $856.6k 0.00% Added +1.5k +1,515
51 UBS Group AG 0.00% of their portfolio ZURICH, V8 14,46814.5k $826.7k $826.7k 0.00% Reduced -1.2k -1,228
52 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 14,19814.2k $811.0k $811.0k 0.00% Added +540 +540
53 Brightwater Advisory LLC 0.55% of their portfolio TAMPA, FL 14,16614.2k $809.4k $809.4k 0.55% Added +1.1k +1,132
54 Oath Planning, LLC 0.78% of their portfolio TULSA, OK 13,77913.8k $787.3k $787.3k 0.78% First filing
55 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 12,00912.0k $686.2k $686.2k 0.00% New
56 Arax Advisory Partners 0.02% of their portfolio NEW YORK, NY 11,66111.7k $666.3k $666.3k 0.02% New
57 CREATIVE FINANCIAL DESIGNS INC /ADV 0.04% of their portfolio KOKOMO, IN 11,40411.4k $651.6k $651.6k 0.04% Added +620 +620
58 Keating Financial Advisory Services, Inc. 0.09% of their portfolio MANHATTAN, KS 11,04911.0k $631.4k $631.4k 0.09% First filing
59 Del-Sette Capital Management, LLC 0.36% of their portfolio SCHENECTADY, NY 10,29810.3k $588.4k $588.4k 0.36% Unchanged
60 Institute for Wealth Management, LLC. 0.06% of their portfolio DENVER, CO 9,2409.2k $528.0k $528.0k 0.06% Reduced -500 -500
61 Southland Equity Partners LLC 0.10% of their portfolio WILDWOOD, MO 9,2189.2k $526.7k $526.7k 0.10% Reduced -486 -486
62 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 9,1369.1k $522.0k $522.0k 0.00% Reduced -38 -38
63 Armbruster Capital Management, Inc. 0.09% of their portfolio PITTSFORD, NY 9,0949.1k $519.6k $519.6k 0.09% Unchanged
64 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 9,0869.1k $536.0k $536.0k 0.00% Added +36 +36
65 Visionary Wealth Advisors 0.02% of their portfolio O'FALLON, IL 9,0199.0k $515.3k $515.3k 0.02% Added +120 +120
66 THOROUGHBRED FINANCIAL SERVICES, LLC 0.03% of their portfolio BRENTWOOD, TN 8,2238.2k $469.0k $469.0k 0.03% Added +186 +186
67 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 8,1518.2k $465.7k $465.7k 0.00% Reduced -1.6k -1,585
68 Eagle Strategies LLC 0.05% of their portfolio NEW YORK, NY 7,0817.1k $404.6k $404.6k 0.05% Reduced -910 -910
69 Equitable Holdings, Inc. 0.00% of their portfolio NEW YORK, NY 7,0247.0k $401.4k $401.4k 0.00% Reduced -2.7k -2,660
70 RFG Advisory, LLC 0.01% of their portfolio BIRMINGHAM, AL 6,5496.5k $374.2k $374.2k 0.01% Reduced -537 -537
71 Geneos Wealth Management Inc. 0.01% of their portfolio ENGLEWOOD, CO 6,2506.2k $357.1k $357.1k 0.01% Reduced -190 -190
72 Maia Wealth LLC 0.06% of their portfolio DENVER, CO 6,0216.0k $379.3k $379.3k 0.06% Added +1.2k +1,249
73 Parallel Advisors, LLC 0.01% of their portfolio SAN FRANCISCO, CA 6,0016.0k $342.9k $342.9k 0.01% Unchanged
74 Sigma Planning Corp 0.01% of their portfolio ANN ARBOR, MI 5,6185.6k $321.0k $321.0k 0.01% Reduced -169 -169
75 SILVERLAKE WEALTH MANAGEMENT LLC 0.07% of their portfolio WILLISTON, VT 5,3935.4k $308.2k $308.2k 0.07% Added +6 +6
76 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 5,2475.2k $299.8k $299.8k 0.00% Added +4.7k +4,672
77 INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio SAN DIEGO, CA 4,8124.8k $275.0k $275.0k 0.01% Reduced -302 -302
78 CoreCap Advisors, LLC 0.01% of their portfolio SOUTHFIELD, MI 4,7934.8k $273.9k $273.9k 0.01% Added +1.9k +1,893
79 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 4,6724.7k $266.9k $266.9k 0.00% Reduced -81 -81
80 Pacific Sun Financial Corp 0.13% of their portfolio LOS ANGELES, CA 4,5804.6k $261.7k $261.7k 0.13% New
81 Sunrise Financial Services, LLC 0.19% of their portfolio BURIEN, WA 4,4854.5k $256.3k $256.3k 0.19% First filing
82 Evanson Asset Management, LLC 0.01% of their portfolio CARMEL, CA 4,4554.5k $254.6k $254.6k 0.01% Unchanged
83 WESCAP Management Group, Inc. 0.05% of their portfolio Glendale, CA 4,3924.4k $251.0k $251.0k 0.05% Added +78 +78
84 TruWealth Advisors, LLC 0.01% of their portfolio Metairie, LA 4,1804.2k $238.8k $238.8k 0.01% Unchanged
85 OneDigital Investment Advisors LLC 0.00% of their portfolio OVERLAND PARK, KS 4,1154.1k $235.1k $235.1k 0.00% Reduced -273 -273
86 Swisher Financial Concepts, Inc. 0.13% of their portfolio WESTERVILLE, OH 3,9514.0k $225.8k $225.8k 0.13% Unchanged
87 PARK AVENUE SECURITIES LLC 0.00% of their portfolio NEW YORK, NY 3,7533.8k $214.0k $214.0k 0.00% Unchanged
88 SHEETS SMITH WEALTH MANAGEMENT 0.02% of their portfolio WINSTON-SALEM, NC 3,7403.7k $213.7k $213.7k 0.02% Unchanged
89 Madison Wealth Partners, Inc 0.04% of their portfolio MADISON, WI 3,6443.6k $208.2k $208.2k 0.04% New
90 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 3,5933.6k $205.0k $205.0k 0.00% New
91 Greenline Wealth Management LLC 0.20% of their portfolio BOCA RATON, FL 3,3203.3k $189.7k $189.7k 0.20% First filing
92 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio Stamford, CT 2,6202.6k $149.7k $149.7k 0.00% Added +184 +184
93 SYM FINANCIAL Corp 0.01% of their portfolio WINONA LAKE, IN 2,0002.0k $114.3k $114.3k 0.01% Unchanged
94 FMR LLC 0.00% of their portfolio BOSTON, MA 1,9812.0k $113.2k $113.2k 0.00% Reduced -93 -93
95 PRIVATE TRUST CO NA 0.01% of their portfolio CLEVELAND, OH 1,7971.8k $102.7k $102.7k 0.01% Unchanged
96 Capital Analysts, LLC 0.00% of their portfolio FORT WASHINGTON, PA 1,6021.6k $92.0k $92.0k 0.00% New
97 RICHARDS, MERRILL & PETERSON, INC. 0.03% of their portfolio SPOKANE, WA 1,5001.5k $85.7k $85.7k 0.03% Unchanged
98 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 1,4481.4k $82.8k $82.8k 0.00% Added +1.4k +1,356
99 Cornerstone Planning Group LLC 0.01% of their portfolio FAIRFIELD, NJ 1,2161.2k $73.3k $73.3k 0.01% Added +5 +5
100 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 989989 $57.0k $57.0k 0.00% New