Vault-13

INVESCO DB COMMDY INDX TRCK DBC

UNIT · ETP · CUSIP 46138B103

240 institutional holders -2 vs Q3 2023
41,970,57242.0m shares reported held*
$925.3mreported value*
21 new 61 added 95 reduced 34 sold out net bought ≈ $33.7m (+2.4m 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 ≈ $22.05. Options: 11 managers hold calls ($12.0m notional), 7 hold puts ($4.8m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 307Q4 22: 291Q1 23: 247Q2 23: 234Q3 23: 242Q4 23: 240240Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022307
Q4 2022291
Q1 2023247
Q2 2023234
Q3 2023242
Q4 2023240

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 23Q2 23: 62 bought or addedQ2 23: 133 cut or sold outQ2 23Q3 23: 80 bought or addedQ3 23: 108 cut or sold outQ3 23Q4 23: 82 bought or addedQ4 23: 129 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022109157
Q1 202379163
Q2 202362133
Q3 202380108
Q4 202382129

Calls vs puts

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

CallsPuts
$0$5m$10m$15m$20mQ1 23 calls: $15.3mQ1 23 puts: $3.8mQ1 23P/C 0.25Q2 23 calls: $13.3mQ2 23 puts: $3.5mQ2 23P/C 0.26Q3 23 calls: $13.6mQ3 23 puts: $3.5mQ3 23P/C 0.26Q4 23 calls: $12.0mQ4 23 puts: $4.8mQ4 23P/C 0.40
Numbers
QuarterCallsPutsP/C
Q1 2023$15.3m$3.8m0.25
Q2 2023$13.3m$3.5m0.26
Q3 2023$13.6m$3.5m0.26
Q4 2023$12.0m$4.8m0.40

Biggest buyers

MORGAN STANLEY Added +3,364,554+3.4m
JPMORGAN CHASE & CO Added +1,693,206+1.7m
SCS Capital Management LLC Added +988,656+988.7k
GOLDMAN SACHS GROUP INC Added +399,961+400.0k
JANE STREET GROUP, LLC Added +390,096+390.1k
First Heartland Consultants, Inc. New +311,353+311.4k
AMERIPRISE FINANCIAL INC Added +256,136+256.1k
OLD MISSION CAPITAL LLC New +176,561+176.6k
IMC-Chicago, LLC New +158,531+158.5k
ENVESTNET ASSET MANAGEMENT INC Added +144,374+144.4k

Biggest sellers

iA Global Asset Management Inc. Sold out -1,007,729-1.0m
Man Group plc Sold out -830,019-830.0k
Moloney Securities Asset Management, LLC Reduced -815,515-815.5k
Estate Counselors, LLC Sold out -664,615-664.6k
DEUTSCHE BANK AG\ Reduced -425,942-425.9k
AUGUSTINE ASSET MANAGEMENT INC Sold out -375,865-375.9k
BANK OF AMERICA CORP /DE/ Reduced -245,259-245.3k
Laird Norton Wetherby Trust Company, LLC Reduced -242,279-242.3k
ROYAL BANK OF CANADA Reduced -217,215-217.2k
WELLS FARGO & COMPANY/MN Reduced -182,189-182.2k

Biggest calls

GROUP ONE TRADING LLC Reduced $2.7m124.2k shares
CITADEL ADVISORS LLC Added $2.0m89.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.9m84.4k shares
SIMPLEX TRADING, LLC Added $1.8m83.1k shares
JANE STREET GROUP, LLC Added $1.3m59.4k shares
GTS SECURITIES LLC Reduced $1.0m45.9k shares
CSS LLC/IL Added $555.4k25.2k shares
WOLVERINE TRADING, LLC New $500.3k22.7k shares
NATIONAL BANK OF CANADA /FI/ New $218.6k100 shares
Cutler Group LLC / CA Added $2.0k19.9k shares

Biggest puts

IMC-Chicago, LLC New $2.7m124.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.2m53.9k shares
CITADEL ADVISORS LLC Reduced $773.6k35.1k shares
SIMPLEX TRADING, LLC Reduced $61.0k2.8k shares
GROUP ONE TRADING LLC Added $26.4k1.2k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares
Cutler Group LLC / CA New $0100 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 Q4 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 Q4 2023.

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 7,982,0668.0m $175.9m $175.9m 0.01% Added +3.4m +3,364,554
2 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 4,928,9244.9m $108.6m $108.6m 0.03% Reduced -182.2k -182,189
3 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 4,762,8024.8m $105.0m $105.0m 0.01% Reduced -245.3k -245,259
4 DEUTSCHE BANK AG\ 0.05% of their portfolio FRANKFURT AM MAIN, 2M 4,006,9364.0m $88.3m $88.3m 0.05% Reduced -425.9k -425,942
5 SCS Capital Management LLC 0.50% of their portfolio BOSTON, MA 1,987,3742.0m $43.8m $43.8m 0.50% Added +988.7k +988,656
6 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,937,0801.9m $42.7m $42.7m 0.00% Added +1.7m +1,693,206
7 LOCKHEED MARTIN INVESTMENT MANAGEMENT CO 2.82% of their portfolio BETHESDA, MD 1,787,0001.8m $39.4m $39.4m 2.82% Unchanged
8 HighVista Strategies LLC 11.49% of their portfolio BOSTON, MA 1,436,1361.4m $31.7m $31.7m 11.49% Unchanged
9 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 770,382770.4k $17.0m $17.0m 0.01% Added +110.0k +110,033
10 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 704,781704.8k $15.5m $15.5m 0.01% Added +144.4k +144,374
11 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 662,210662.2k $14.6m $14.6m 0.00% Added +256.1k +256,136
12 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.02% of their portfolio MILWAUKEE, WI 604,657604.7k $13.3m $13.3m 0.02% Reduced -164.6k -164,649
13 Creative Planning 0.02% of their portfolio OVERLAND PARK, KS 567,572567.6k $12.5m $12.5m 0.02% Reduced -5.4k -5,382
14 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 544,396544.4k $12.0m $12.0m 0.01% Added +390.1k +390,096
15 Palumbo Wealth Management LLC 5.64% of their portfolio GREAT NECK, NY 500,588500.6k $11.0m $11.0m 5.64% Added +53.3k +53,341
16 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 439,539439.5k $9.7m $9.7m 0.00% Added +400.0k +399,961
17 VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio San Antonio, TX 422,100422.1k $9.3m $9.3m 0.01% Unchanged
18 Cordant, Inc. 4.73% of their portfolio PORTLAND, OR 350,059350.1k $7.7m $7.7m 4.73% Added +16.3k +16,318
19 First Heartland Consultants, Inc. 0.83% of their portfolio LAKE ST. LOUIS, MO 311,353311.4k $6.9m $6.9m 0.83% New
20 UBS Group AG 0.00% of their portfolio ZURICH, V8 306,410306.4k $6.8m $6.8m 0.00% Added +4.8k +4,839
21 Arkadios Wealth Advisors 0.48% of their portfolio ATLANTA, GA 258,496258.5k $5.7m $5.7m 0.48% Added +10.1k +10,066
22 MACKENZIE FINANCIAL CORP 0.01% of their portfolio TORONTO ONTARIO, A6 239,568239.6k $5.3m $5.3m 0.01% Added +55.4k +55,353
23 KEYBANK NATIONAL ASSOCIATION/OH 0.02% of their portfolio BROOKLYN, OH 216,145216.1k $4.8m $4.8m 0.02% Added +54.5k +54,453
24 Systelligence, LLC 1.17% of their portfolio BLOOMINGTON, MN 195,314195.3k $4.3m $4.3m 1.17% Added +17.0k +17,010
25 OLYMPUS WEALTH MANAGEMENT, LLC 2.03% of their portfolio COTTONWOOD HEIGHTS, UT 179,059179.1k $3.9m $3.9m 2.03% Reduced -52.4k -52,412
26 OLD MISSION CAPITAL LLC 0.11% of their portfolio CHICAGO, IL 176,561176.6k $3.9m $3.9m 0.11% New
27 AVANTAX ADVISORY SERVICES, INC. 0.04% of their portfolio DALLAS, TX 175,725175.7k $3.9m $3.9m 0.04% Added +38.7k +38,662
28 LGL PARTNERS, LLC 0.53% of their portfolio PHILADELPHIA, PA 174,661174.7k $3.8m $3.8m 0.53% Unchanged
29 Cetera Advisor Networks LLC 0.02% of their portfolio EL SEGUNDO, CA 172,236172.2k $3.8m $3.8m 0.02% Added +2.1k +2,129
30 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 161,368161.4k $3.6m $3.6m 0.00% Reduced -9.3k -9,307
31 IMC-Chicago, LLC 0.11% of their portfolio CHICAGO, IL 158,531158.5k $3.5m $3.5m 0.11% New
32 D.A. DAVIDSON & CO. 0.03% of their portfolio GREAT FALLS, MT 154,874154.9k $3.4m $3.4m 0.03% Added +2.8k +2,756
33 Global Endowment Management, LP 0.36% of their portfolio CHARLOTTE, NC 148,000148.0k $3.3m $3.3m 0.36% Added +35.0k +35,000
34 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 140,613140.6k $3.1m $3.1m 0.01% Reduced -71.0k -70,986
35 AE Wealth Management LLC 0.01% of their portfolio TOPEKA, KS 129,799129.8k $2.9m $2.9m 0.01% Added +6.0k +6,032
36 Hilltop Holdings Inc. 0.29% of their portfolio DALLAS, TX 117,590117.6k $2.6m $2.6m 0.29% Reduced -861 -861
37 Cresset Asset Management, LLC 0.02% of their portfolio Chicago, IL 117,362117.4k $2.6m $2.6m 0.02% Reduced -101.0k -100,993
38 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 113,318113.3k $2.5m $2.5m 0.00% Added +534 +534
39 Maltin Wealth Management, Inc. 1.58% of their portfolio RIDGEWOOD, NJ 112,694112.7k $2.5m $2.5m 1.58% Added +8.4k +8,374
40 Bridge Advisory, LLC 1.19% of their portfolio PASADENA, CA 107,714107.7k $2.4m $2.4m 1.19% Added +20.8k +20,847
41 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 102,374102.4k $2.3m $2.3m 0.00% Reduced -217.2k -217,215
42 Mariner, LLC 0.00% of their portfolio Overland Park, KS 91,61991.6k $2.0m $2.0m 0.00% Reduced -32.1k -32,088
43 CERTUITY, LLC 0.19% of their portfolio NORTH PALM BEACH, FL 86,38886.4k $1.9m $1.9m 0.19% New
44 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 86,24786.2k $1.9m $1.9m 0.00% Unchanged
45 Impact Partnership Wealth, LLC 0.68% of their portfolio MARIETTA, GA 84,81184.8k $1.9m $1.9m 0.68% Reduced -28.4k -28,444
46 Integrated Wealth Concepts LLC 0.03% of their portfolio WALTHAM, MA 84,33884.3k $1.9m $1.9m 0.03% Reduced -89.0k -88,992
47 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 81,41381.4k $1.8m $1.8m 0.00% Reduced -5.8k -5,811
48 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 78,15478.2k $1.7m $1.7m 0.00% Reduced -4.9k -4,944
49 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 78,08778.1k $1.7m $1.7m 0.00% Reduced -10.7k -10,692
50 Atria Investments, Inc 0.03% of their portfolio Charlotte, NC 76,51976.5k $1.7m $1.7m 0.03% Reduced -21.9k -21,856
51 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 75,93175.9k $1.7m $1.7m 0.00% Reduced -82.3k -82,323
52 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 72,48372.5k $1.6m $1.6m 0.01% Reduced -5.6k -5,598
53 Pathstone Holdings, LLC 0.01% of their portfolio ENGLEWOOD, NJ 72,43272.4k $1.6m $1.6m 0.01% First filing
54 Aureus Asset Management, LLC 0.11% of their portfolio BOSTON, MA 70,90070.9k $1.6m $1.6m 0.11% Unchanged
55 DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.02% of their portfolio CHICAGO, IL 67,97468.0k $1.5m $1.5m 0.02% Reduced -5.8k -5,800
56 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 67,07067.1k $1.5m $1.5m 0.01% Reduced -12.3k -12,298
57 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 66,06566.1k $1.5m $1.5m 0.00% Reduced -12.2k -12,189
58 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 55,90855.9k $1.2m $1.2m 0.01% Reduced -1.0k -1,048
59 COMERICA BANK 0.01% of their portfolio DALLAS, TX 55,03055.0k $1.2m $1.2m 0.01% Reduced -23.2k -23,213
60 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 53,80953.8k $1.2m $1.2m 0.00% Reduced -911 -911
61 Anfield Capital Management, LLC 0.57% of their portfolio IRVINE, CA 47,91847.9k $1.1m $1.1m 0.57% Reduced -37.3k -37,338
62 BKM Wealth Management, LLC 0.44% of their portfolio BROOKFIELD, WI 46,44046.4k $1.0m $1.0m 0.44% First filing
63 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 43,40243.4k $956.6k $956.6k 0.00% Reduced -6.0k -5,958
64 M&T Bank Corp 0.00% of their portfolio BUFFALO, NY 39,97240.0k $881.0k $881.0k 0.00% Reduced -429 -429
65 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 39,75639.8k $876.2k $876.2k 0.00% Reduced -21.1k -21,113
66 Main Street Financial Solutions, LLC 0.11% of their portfolio NEWTOWN, PA 38,02338.0k $838.0k $838.0k 0.11% Reduced -4.7k -4,749
67 Quantum Portfolio Management LLC 0.53% of their portfolio NEW YORK, NY 37,96438.0k $836.7k $836.7k 0.53% First filing
68 Sage Capital Advisors,llc 0.27% of their portfolio SIOUX FALLS, SD 37,89337.9k $835.2k $835.2k 0.27% New
69 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 37,82337.8k $833.6k $833.6k 0.00% Reduced -437 -437
70 Mesirow Financial Investment Management, Inc. 0.03% of their portfolio CHICAGO, IL 37,38137.4k $823.9k $823.9k 0.03% New
71 PRUDENTIAL FINANCIAL INC 0.00% of their portfolio NEWARK, NJ 35,13335.1k $774.3k $774.3k 0.00% Reduced -8.3k -8,319
72 AlTi Global, Inc. 0.02% of their portfolio NEW YORK, NY 35,04135.0k $772.3k $772.3k 0.02% First filing
73 ORG Partners LLC 0.13% of their portfolio ROANOKE, IN 34,82034.8k $767.6k $767.6k 0.13% Added +29 +29
74 OmniStar Financial Group, Inc. 0.95% of their portfolio Wilmington, NC 34,26534.3k $755.2k $755.2k 0.95% Reduced -2.3k -2,341
75 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 33,96734.0k $748.6k $748.6k 0.00% Reduced -3.7k -3,682
76 CHOREO, LLC 0.02% of their portfolio ROCKFORD, IL 33,63233.6k $741.2k $741.2k 0.02% Reduced -970 -970
77 MATRIX PRIVATE CAPITAL GROUP LLC 0.54% of their portfolio NEW YORK, NY 32,21532.2k $710.0k $710.0k 0.54% Reduced -80 -80
78 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 32,14132.1k $708.4k $708.4k 0.01% Added +2.1k +2,056
79 Creekmur Asset Management LLC 0.21% of their portfolio MORTON, IL 30,67730.7k $676.1k $676.1k 0.21% First filing
80 Kingsview Wealth Management, LLC 0.02% of their portfolio GRANTS PASS, OR 29,68429.7k $654.2k $654.2k 0.02% Reduced -34.8k -34,844
81 Maia Wealth LLC 0.26% of their portfolio DENVER, CO 29,20329.2k $643.6k $643.6k 0.26% First filing
82 National Philanthropic Trust 0.02% of their portfolio Jenkintown, PA 28,91228.9k $637.2k $637.2k 0.02% First filing
83 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 28,56028.6k $629.5k $629.5k 0.00% Reduced -8.9k -8,891
84 RWA WEALTH PARTNERS, LLC 0.01% of their portfolio BOSTON, MA 28,16828.2k $620.8k $620.8k 0.01% Reduced -38.1k -38,128
85 IEQ CAPITAL, LLC 0.01% of their portfolio Foster City, CA 28,14228.1k $620.2k $620.2k 0.01% Added +1.3k +1,304
86 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 28,00028.0k $617.1k $617.1k 0.00% Reduced -6.4k -6,397
87 LINCOLN NATIONAL CORP 0.01% of their portfolio RADNOR, PA 27,92927.9k $615.6k $615.6k 0.01% New
88 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 27,90427.9k $615.0k $615.0k 0.01% Reduced -12.7k -12,729
89 Ashton Thomas Private Wealth, LLC 0.04% of their portfolio SCOTTSDALE, AZ 27,68027.7k $610.1k $610.1k 0.04% Unchanged
90 Measured Wealth Private Client Group, LLC 0.22% of their portfolio PORTSMOUTH, NH 26,74626.7k $589.5k $589.5k 0.22% Reduced -5.2k -5,173
91 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 25,81125.8k $570.0k $570.0k 0.01% Reduced -11.1k -11,136
92 FOUNDERS FINANCIAL SECURITIES LLC 0.06% of their portfolio TOWSON, MD 25,47625.5k $561.5k $561.5k 0.06% Reduced -150 -150
93 Brookstone Capital Management 0.01% of their portfolio WHEATON, IL 25,31525.3k $557.9k $557.9k 0.01% Added +741 +741
94 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 25,29125.3k $557.4k $557.4k 0.00% Reduced -46.9k -46,904
95 Cyndeo Wealth Partners, LLC 0.05% of their portfolio ST. PETERSBURG, FL 24,46224.5k $539.1k $539.1k 0.05% Unchanged
96 Diligent Investors, LLC 0.14% of their portfolio REDLANDS, CA 23,89323.9k $526.6k $526.6k 0.14% Reduced -1.2k -1,250
97 American State Bank (Iowa) 0.32% of their portfolio SIOUX CENTER, IA 22,88022.9k $504.3k $504.3k 0.32% Added +900 +900
98 Intellectus Partners, LLC 0.14% of their portfolio SAN FRANCISCO, CA 22,45022.4k $494.8k $494.8k 0.14% Added +1.8k +1,750
99 Bienville Capital Management, LLC 0.15% of their portfolio New York, NY 21,83521.8k $481.2k $481.2k 0.15% Reduced -8.1k -8,100
100 Cannell & Spears LLC 0.04% of their portfolio NEW YORK, NY 21,68621.7k $478.0k $478.0k 0.04% Reduced -19 -19