Vault-13

INVESCO DB COMMDY INDX TRCK DBC

UNIT · ETP · CUSIP 46138B103

247 institutional holders -44 vs Q4 2022
47,392,10147.4m shares reported held*
$1.1bnreported value*
24 new 55 added 99 reduced 64 sold out net sold ≈ $69.6m (-3.0m 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 ($347.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $23.75. Options: 8 managers hold calls ($15.3m notional), 6 hold puts ($3.8m).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 307Q4 22: 291Q1 23: 247247Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022307
Q4 2022291
Q1 2023247

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 22: 109 bought or addedQ4 22: 157 cut or sold outQ4 22Q1 23: 79 bought or addedQ1 23: 163 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022109157
Q1 202379163

Calls vs puts

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

CallsPuts
$0$20m$40m$60mQ3 22 calls: $44.7mQ3 22 puts: $16.7mQ3 22P/C 0.37Q4 22 calls: $34.1mQ4 22 puts: $9.1mQ4 22P/C 0.27Q1 23 calls: $15.3mQ1 23 puts: $3.8mQ1 23P/C 0.25
Numbers
QuarterCallsPutsP/C
Q3 2022$44.7m$16.7m0.37
Q4 2022$34.1m$9.1m0.27
Q1 2023$15.3m$3.8m0.25

Biggest buyers

MORGAN STANLEY Added +1,575,456+1.6m
BANK OF AMERICA CORP /DE/ Added +1,254,704+1.3m
GOLDMAN SACHS GROUP INC Added +900,000+900.0k
SCS Capital Management LLC Added +737,221+737.2k
LOCKHEED MARTIN INVESTMENT MANAGEMENT CO Added +293,500+293.5k
DEUTSCHE BANK AG\ Added +220,511+220.5k
Estate Counselors, LLC Added +197,325+197.3k
LGL PARTNERS, LLC New +182,661+182.7k
Atria Investments, Inc Added +64,874+64.9k
Integrated Wealth Concepts LLC Added +52,142+52.1k

Biggest sellers

HAWK RIDGE CAPITAL MANAGEMENT LP Sold out -1,206,500-1.2m
WELLS FARGO & COMPANY/MN Reduced -828,860-828.9k
AMERIPRISE FINANCIAL INC Reduced -622,491-622.5k
Arrow Investment Advisors, LLC Sold out -565,518-565.5k
VAN ECK ASSOCIATES CORP Sold out -560,166-560.2k
JANE STREET GROUP, LLC Reduced -406,472-406.5k
Mirae Asset Global Investments Co., Ltd. Sold out -355,475-355.5k
Thrivent Financial for Lutherans Reduced -283,319-283.3k
ENVESTNET ASSET MANAGEMENT INC Reduced -221,764-221.8k
TRUIST FINANCIAL CORP Reduced -216,454-216.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $5.0m208.7k shares
CITADEL ADVISORS LLC Added $3.3m137.4k shares
GROUP ONE TRADING LLC Reduced $2.9m120.4k shares
SIMPLEX TRADING, LLC Reduced $2.3m98.7k shares
JANE STREET GROUP, LLC Reduced $1.2m48.9k shares
WOLVERINE TRADING, LLC New $736.0k31.3k shares
Cutler Group LLC / CA Reduced $26.0k17.9k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.2m90.8k shares
CITADEL ADVISORS LLC Reduced $1.6m65.3k shares
SIMPLEX TRADING, LLC Reduced $109.0k4.6k shares
GROUP ONE TRADING LLC Reduced $26.1k1.1k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares
Cutler Group LLC / CA Reduced $0200 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.

Insider purchases and sales in Q1 2023

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q1 2023.

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 7,998,5138.0m $189.9m $189.9m 0.02% Added +1.6m +1,575,456
2 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 7,556,5227.6m $179.4m $179.4m 0.02% Added +1.3m +1,254,704
3 WELLS FARGO & COMPANY/MN 0.05% of their portfolio SAN FRANCISCO, CA 6,506,6216.5m $154.5m $154.5m 0.05% Reduced -828.9k -828,860
4 DEUTSCHE BANK AG\ 0.05% of their portfolio FRANKFURT AM MAIN, 2M 3,778,2763.8m $89.7m $89.7m 0.05% Added +220.5k +220,511
5 LOCKHEED MARTIN INVESTMENT MANAGEMENT CO 2.40% of their portfolio BETHESDA, MD 1,787,0001.8m $42.4m $42.4m 2.40% Added +293.5k +293,500
6 Russell Investments Group, Ltd. 0.08% of their portfolio Seattle, WA 1,756,1721.8m $41.7m $41.7m 0.08% Reduced -159.7k -159,700
7 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 1,366,2401.4m $32.4m $32.4m 0.01% Reduced -622.5k -622,491
8 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 930,745930.7k $22.1m $22.1m 0.01% Added +900.0k +900,000
9 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 807,508807.5k $19.2m $19.2m 0.01% Reduced -221.8k -221,764
10 SCS Capital Management LLC 0.52% of their portfolio BOSTON, MA 749,300749.3k $17.8m $17.8m 0.52% Added +737.2k +737,221
11 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.02% of their portfolio MILWAUKEE, WI 673,857673.9k $16.0m $16.0m 0.02% Reduced -47.7k -47,708
12 Financial Partners Group, Inc 3.35% of their portfolio Overland Park, KS 634,285634.3k $15.1m $15.1m 3.35% Reduced -22.8k -22,823
13 Creative Planning 0.02% of their portfolio OVERLAND PARK, KS 604,347604.3k $14.3m $14.3m 0.02% Added +277 +277
14 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 588,504588.5k $14.0m $14.0m 0.01% Added +1.5k +1,452
15 Estate Counselors, LLC 1.64% of their portfolio Thiensville, WI 522,035522.0k $12.4m $12.4m 1.64% Added +197.3k +197,325
16 UBS Group AG 0.01% of their portfolio ZURICH, V8 484,075484.1k $11.5m $11.5m 0.01% Reduced -35.2k -35,233
17 Systelligence, LLC 2.81% of their portfolio BLOOMINGTON, MN 461,514461.5k $11.0m $11.0m 2.81% Added +49.7k +49,726
18 VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio San Antonio, TX 422,100422.1k $10.0m $10.0m 0.01% Unchanged
19 AUGUSTINE ASSET MANAGEMENT INC 4.56% of their portfolio JACKSONVILLE, FL 387,982388.0k $9.2m $9.2m 4.56% Reduced -1.7k -1,729
20 Laird Norton Wetherby Trust Company, LLC 1.09% of their portfolio Seattle, WA 369,064369.1k $8.8m $8.8m 1.09% Reduced -11.5k -11,530
21 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 364,189364.2k $8.6m $8.6m 0.00% Added +10.3k +10,266
22 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 335,443335.4k $8.0m $8.0m 0.02% Reduced -85.0k -84,974
23 Palumbo Wealth Management LLC 5.09% of their portfolio GREAT NECK, NY 322,362322.4k $7.7m $7.7m 5.09% Added +22.1k +22,094
24 Cordant, Inc. 4.84% of their portfolio PORTLAND, OR 314,146314.1k $7.5m $7.5m 4.84% Added +9.8k +9,765
25 Cavalier Investments, LLC 3.13% of their portfolio ALPHARETTA, GA 304,050304.1k $7.2m $7.2m 3.13% Added +17.8k +17,819
26 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 234,396234.4k $5.6m $5.6m 0.00% Added +28.7k +28,691
27 OLYMPUS WEALTH MANAGEMENT, LLC 2.98% of their portfolio COTTONWOOD HEIGHTS, UT 228,319228.3k $5.4m $5.4m 2.98% Added +14.4k +14,437
28 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 208,097208.1k $4.9m $4.9m 0.03% Reduced -56.9k -56,869
29 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 200,502200.5k $4.8m $4.8m 0.01% Reduced -406.5k -406,472
30 Mariner, LLC 0.01% of their portfolio Overland Park, KS 190,102190.1k $4.5m $4.5m 0.01% Reduced -13.0k -13,039
31 LGL PARTNERS, LLC 0.74% of their portfolio PHILADELPHIA, PA 182,661182.7k $4.3m $4.3m 0.74% New
32 D.A. DAVIDSON & CO. 0.04% of their portfolio GREAT FALLS, MT 167,149167.1k $4.0m $4.0m 0.04% Reduced -6.9k -6,943
33 Cetera Advisor Networks LLC 0.03% of their portfolio EL SEGUNDO, CA 166,982167.0k $4.0m $4.0m 0.03% Reduced -7.5k -7,525
34 COMERICA SECURITIES,INC. 0.28% of their portfolio DETROIT, MI 164,806164.8k $3.9m $3.9m 0.28% Added +12.4k +12,377
35 AVANTAX ADVISORY SERVICES, INC. 0.04% of their portfolio DALLAS, TX 153,189153.2k $3.6m $3.6m 0.04% Added +11.4k +11,371
36 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 152,073152.1k $3.6m $3.6m 0.01% Reduced -283.3k -283,319
37 Wellspring Financial Advisors, LLC 1.06% of their portfolio CLEVELAND, OH 150,549150.5k $3.6m $3.6m 1.06% Reduced -25.4k -25,356
38 KEYBANK NATIONAL ASSOCIATION/OH 0.02% of their portfolio BROOKLYN, OH 142,305142.3k $3.4m $3.4m 0.02% Reduced -11.1k -11,147
39 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 140,054140.1k $3.3m $3.3m 0.01% Reduced -17.2k -17,183
40 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 125,057125.1k $3.0m $3.0m 0.01% Reduced -13.9k -13,950
41 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 123,854123.9k $2.9m $2.9m 0.01% Reduced -65.9k -65,912
42 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 122,491122.5k $2.9m $2.9m 0.00% Reduced -12.3k -12,338
43 Atria Investments, Inc 0.05% of their portfolio Charlotte, NC 118,123118.1k $2.8m $2.8m 0.05% Added +64.9k +64,874
44 Hilltop Holdings Inc. 0.37% of their portfolio DALLAS, TX 116,575116.6k $2.8m $2.8m 0.37% Reduced -836 -836
45 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 107,609107.6k $2.6m $2.6m 0.00% Reduced -9.6k -9,623
46 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 104,976105.0k $2.5m $2.5m 0.00% Reduced -216.5k -216,454
47 Maltin Wealth Management, Inc. 1.74% of their portfolio RIDGEWOOD, NJ 101,627101.6k $2.4m $2.4m 1.74% Reduced -123 -123
48 Kestra Advisory Services, LLC 0.03% of their portfolio AUSTIN, TX 99,94999.9k $2.4m $2.4m 0.03% Reduced -18.0k -17,992
49 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 99,32499.3k $2.4m $2.4m 0.00% Reduced -17.8k -17,806
50 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 97,03797.0k $2.3m $2.3m 0.00% Reduced -23.0k -22,972
51 STEPHENS INC /AR/ 0.04% of their portfolio LITTLE ROCK, AR 95,46895.5k $2.3m $2.3m 0.04% Reduced -10.2k -10,198
52 DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.03% of their portfolio CHICAGO, IL 94,57494.6k $2.2m $2.2m 0.03% Reduced -4.7k -4,700
53 Global Endowment Management, LP 0.24% of their portfolio CHARLOTTE, NC 94,00094.0k $2.2m $2.2m 0.24% Reduced -26.0k -26,000
54 Fifth Third Securities, Inc. 0.22% of their portfolio Cincinnati, OH 82,65082.7k $2.0m $2.0m 0.22% Reduced -9.5k -9,499
55 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 80,57480.6k $1.9m $1.9m 0.00% Reduced -43.5k -43,509
56 Anfield Capital Management, LLC 0.86% of their portfolio IRVINE, CA 77,90677.9k $1.8m $1.8m 0.86% Added +5.0k +4,998
57 Bridge Advisory, LLC 0.67% of their portfolio PASADENA, CA 72,62972.6k $1.7m $1.7m 0.67% Reduced -643 -643
58 PRUDENTIAL FINANCIAL INC 0.00% of their portfolio NEWARK, NJ 72,54072.5k $1.7m $1.7m 0.00% Reduced -4.6k -4,567
59 Aureus Asset Management, LLC 0.13% of their portfolio BOSTON, MA 70,90070.9k $1.7m $1.7m 0.13% Unchanged
60 Integrated Wealth Concepts LLC 0.03% of their portfolio WALTHAM, MA 69,57169.6k $1.7m $1.7m 0.03% Added +52.1k +52,142
61 Cetera Advisors LLC 0.03% of their portfolio DENVER, CO 67,35867.4k $1.6m $1.6m 0.03% Reduced -6.3k -6,308
62 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 65,48965.5k $1.6m $1.6m 0.00% Reduced -20.5k -20,516
63 Kingsview Wealth Management, LLC 0.06% of their portfolio GRANTS PASS, OR 64,77064.8k $1.5m $1.5m 0.06% Unchanged
64 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 62,93362.9k $1.5m $1.5m 0.00% Reduced -17.3k -17,308
65 Advisory Services Network, LLC 0.04% of their portfolio ATLANTA, GA 56,78156.8k $1.3m $1.3m 0.04% Reduced -546 -546
66 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 55,44855.4k $1.3m $1.3m 0.01% Reduced -158.3k -158,307
67 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 55,33555.3k $1.3m $1.3m 0.00% Added +6.7k +6,700
68 McBroom & Associates, LLC 1.14% of their portfolio LAS VEGAS, NV 53,60553.6k $1.3m $1.3m 1.14% Reduced -18.0k -17,988
69 FIRST MANHATTAN CO. LLC. 0.00% of their portfolio NEW YORK, NY 49,20049.2k $1.2m $1.2m 0.00% Unchanged
70 Sigma Planning Corp 0.04% of their portfolio ANN ARBOR, MI 49,05149.1k $1.2m $1.2m 0.04% Reduced -672 -672
71 Vestmark Advisory Solutions, Inc. 0.05% of their portfolio Wakefield, MA 48,75548.8k $1.2m $1.2m 0.05% Added +21.4k +21,413
72 Main Street Financial Solutions, LLC 0.17% of their portfolio NEWTOWN, PA 48,50548.5k $1.2m $1.2m 0.17% Reduced -7.3k -7,300
73 Jefferies Financial Group Inc. 0.02% of their portfolio NEW YORK, NY 47,36447.4k $1.1m $1.1m 0.02% Reduced -21.7k -21,673
74 Veritable, L.P. 0.02% of their portfolio Newtown Square, PA 46,97747.0k $1.1m $1.1m 0.02% Unchanged
75 Bienville Capital Management, LLC 0.44% of their portfolio New York, NY 46,93546.9k $1.1m $1.1m 0.44% Reduced -20.3k -20,251
76 M&T Bank Corp 0.00% of their portfolio BUFFALO, NY 44,96445.0k $1.1m $1.1m 0.00% Reduced -5.8k -5,786
77 HighVista Strategies LLC 0.82% of their portfolio BOSTON, MA 42,39642.4k $1.0m $1.0m 0.82% Unchanged
78 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 42,11042.1k $999.7k $999.7k 0.00% Reduced -3.9k -3,903
79 CHOREO, LLC 0.04% of their portfolio ROCKFORD, IL 41,93441.9k $995.5k $995.5k 0.04% New
80 Measured Wealth Private Client Group, LLC 0.38% of their portfolio PORTSMOUTH, NH 41,40941.4k $983.0k $983.0k 0.38% Added +3.8k +3,831
81 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 40,75440.8k $967.5k $967.5k 0.01% Reduced -20.7k -20,681
82 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 40,66640.7k $965.0k $965.0k 0.01% New
83 CSS LLC/IL 0.07% of their portfolio CHICAGO, IL 40,51540.5k $961.8k $961.8k 0.07% Reduced -29.2k -29,220
84 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 40,49540.5k $961.3k $961.3k 0.01% Reduced -427 -427
85 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 38,00638.0k $902.6k $902.6k 0.00% Reduced -90 -90
86 OmniStar Financial Group, Inc. 1.13% of their portfolio Wilmington, NC 37,56837.6k $891.9k $891.9k 1.13% New
87 Virtu Financial LLC 0.09% of their portfolio New York, NY 36,82436.8k $874.0k $874.0k 0.09% Added +14.6k +14,576
88 SCOTIA CAPITAL INC. 0.01% of their portfolio TORONTO, A6 35,72035.7k $848.0k $848.0k 0.01% Reduced -5.9k -5,921
89 Austin Asset Management Co Inc 0.26% of their portfolio AUSTIN, TX 34,00034.0k $807.2k $807.2k 0.26% Unchanged
90 ORG Partners LLC 0.19% of their portfolio ROANOKE, IN 32,44532.4k $782.9k $782.9k 0.19% First filing
91 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 32,12832.1k $763.0k $763.0k 0.00% Reduced -6.3k -6,251
92 MATRIX PRIVATE CAPITAL GROUP LLC 0.51% of their portfolio NEW YORK, NY 31,29031.3k $742.8k $742.8k 0.51% Reduced -2.0k -2,000
93 Knollwood Investment Advisory, LLC 0.24% of their portfolio HUNT VALLEY, MD 29,11629.1k $691.2k $691.2k 0.24% Added +147 +147
94 Ashton Thomas Private Wealth, LLC 0.06% of their portfolio SCOTTSDALE, AZ 27,65927.7k $656.6k $656.6k 0.06% Added +2.5k +2,508
95 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 27,65027.6k $656.4k $656.4k 0.00% Added +1.6k +1,650
96 FLAGSHIP HARBOR ADVISORS, LLC 0.06% of their portfolio BOSTON, MA 27,28827.3k $647.8k $647.8k 0.06% Added +2.7k +2,712
97 FOUNDERS FINANCIAL SECURITIES LLC 0.09% of their portfolio TOWSON, MD 26,50226.5k $629.2k $629.2k 0.09% Reduced -383 -383
98 Joel Isaacson & Co., LLC 0.04% of their portfolio NEW YORK, NY 26,37226.4k $626.1k $626.1k 0.04% Added +6.2k +6,175
99 Brookstone Capital Management 0.01% of their portfolio WHEATON, IL 25,73425.7k $627.1k $627.1k 0.01% Reduced -16.6k -16,643
100 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 25,64325.6k $608.8k $608.8k 0.00% Reduced -86.4k -86,387