Vault-13

INVESCO DB COMMDY INDX TRCK DBC

UNIT · ETP · CUSIP 46138B103

198 institutional holders -13 vs Q1 2025
22,369,71822.4m shares reported held*
$488.3mreported value*
14 new 51 added 65 reduced 28 sold out net sold ≈ $60.2m (-2.8m 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 ≈ $21.83. Options: 6 managers hold calls ($4.3m notional), 2 hold puts ($303.0k).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 307Q4 22: 291Q1 23: 247Q2 23: 234Q3 23: 242Q4 23: 240Q1 24: 221Q2 24: 220Q3 24: 203Q4 24: 215Q1 25: 211Q2 25: 198198Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022307
Q4 2022291
Q1 2023247
Q2 2023234
Q3 2023242
Q4 2023240
Q1 2024221
Q2 2024220
Q3 2024203
Q4 2024215
Q1 2025211
Q2 2025198

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 23: 80 bought or addedQ3 23: 108 cut or sold outQ4 23: 82 bought or addedQ4 23: 129 cut or sold outQ4 23Q1 24: 73 bought or addedQ1 24: 117 cut or sold outQ2 24: 67 bought or addedQ2 24: 110 cut or sold outQ2 24Q3 24: 59 bought or addedQ3 24: 103 cut or sold outQ4 24: 87 bought or addedQ4 24: 82 cut or sold outQ4 24Q1 25: 72 bought or addedQ1 25: 94 cut or sold outQ2 25: 65 bought or addedQ2 25: 93 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 202380108
Q4 202382129
Q1 202473117
Q2 202467110
Q3 202459103
Q4 20248782
Q1 20257294
Q2 20256593

Calls vs puts

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

CallsPuts
$0$2.5m$5m$7.5m$10mQ3 24 calls: $9.4mQ3 24 puts: $3.5mQ3 24P/C 0.38Q4 24 calls: $2.1mQ4 24 puts: $1.7mQ4 24P/C 0.84Q1 25 calls: $1.8mQ1 25 puts: $1.3mQ1 25P/C 0.73Q2 25 calls: $4.3mQ2 25 puts: $303.0kQ2 25P/C 0.07
Numbers
QuarterCallsPutsP/C
Q3 2024$9.4m$3.5m0.38
Q4 2024$2.1m$1.7m0.84
Q1 2025$1.8m$1.3m0.73
Q2 2025$4.3m$303.0k0.07

Biggest buyers

Quadrature Capital Ltd Added +612,267+612.3k
DEUTSCHE BANK AG\ Added +249,820+249.8k
ROYAL BANK OF CANADA Added +129,283+129.3k
MANUFACTURERS LIFE INSURANCE COMPANY, THE Added +128,680+128.7k
Avos Capital Management, LLC Added +87,581+87.6k
NewEdge Wealth, LLC New +37,790+37.8k
Rockefeller Capital Management L.P. Added +26,499+26.5k
UBS Group AG Added +16,180+16.2k
CITADEL ADVISORS LLC Added +15,936+15.9k
Cordant, Inc. Added +15,454+15.5k

Biggest sellers

AMERIPRISE FINANCIAL INC Reduced -808,066-808.1k
Man Group plc Reduced -734,412-734.4k
JPMORGAN CHASE & CO Reduced -503,912-503.9k
Creative Planning Reduced -328,985-329.0k
MORGAN STANLEY Reduced -262,123-262.1k
WELLS FARGO & COMPANY/MN Reduced -201,848-201.8k
GOLDMAN SACHS GROUP INC Reduced -201,738-201.7k
LOCKHEED MARTIN INVESTMENT MANAGEMENT CO Reduced -170,000-170.0k
LPL Financial LLC Reduced -127,878-127.9k
BANK OF AMERICA CORP /DE/ Reduced -100,386-100.4k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.9m130.9k shares
SIMPLEX TRADING, LLC Added $730.0k33.5k shares
CITADEL ADVISORS LLC Added $333.7k15.3k shares
IMC-Chicago, LLC Reduced $253.0k11.6k shares
GROUP ONE TRADING LLC Added $87.2k4.0k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SIMPLEX TRADING, LLC Added $303.0k13.9k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 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 Q2 2025

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 Q2 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 4,055,9754.1m $88.5m $88.5m 0.01% Reduced -100.4k -100,386
2 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 3,841,5793.8m $83.8m $83.8m 0.02% Reduced -201.8k -201,848
3 HighVista Strategies LLC 11.51% of their portfolio BOSTON, MA 1,436,1361.4m $31.3m $31.3m 11.51% Unchanged
4 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,330,1291.3m $29.0m $29.0m 0.00% Reduced -262.1k -262,123
5 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 1,214,6001.2m $26.5m $26.5m 0.01% Added +249.8k +249,820
6 Quadrature Capital Ltd 0.30% of their portfolio LONDON, X0 796,744796.7k $17.4m $17.4m 0.30% Added +612.3k +612,267
7 LOCKHEED MARTIN INVESTMENT MANAGEMENT CO 0.53% of their portfolio BETHESDA, MD 663,300663.3k $14.5m $14.5m 0.53% Reduced -170.0k -170,000
8 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 617,042617.0k $13.5m $13.5m 0.00% Reduced -18.3k -18,270
9 Palumbo Wealth Management LLC 3.18% of their portfolio GREAT NECK, NY 470,474470.5k $10.3m $10.3m 3.18% Reduced -13.2k -13,217
10 VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio San Antonio, TX 439,100439.1k $9.6m $9.6m 0.01% Unchanged
11 Cordant, Inc. 4.56% of their portfolio PORTLAND, OR 433,443433.4k $9.5m $9.5m 4.56% Added +15.5k +15,454
12 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 421,754421.8k $9.2m $9.2m 0.00% Reduced -127.9k -127,878
13 Avos Capital Management, LLC 4.25% of their portfolio SEATTLE, WA 341,625341.6k $7.5m $7.5m 4.25% Added +87.6k +87,581
14 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 328,514328.5k $7.2m $7.2m 0.01% Added +4.4k +4,395
15 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 270,008270.0k $5.9m $5.9m 0.00% Added +129.3k +129,283
16 UBS Group AG 0.00% of their portfolio ZURICH, V8 259,535259.5k $5.7m $5.7m 0.00% Added +16.2k +16,180
17 Fund Evaluation Group, LLC 0.21% of their portfolio CINCINNATI, OH 250,691250.7k $5.5m $5.5m 0.21% Unchanged
18 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 234,330234.3k $5.1m $5.1m 0.00% Reduced -201.7k -201,738
19 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 216,310216.3k $4.7m $4.7m 0.00% Reduced -329.0k -328,985
20 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 208,268208.3k $4.5m $4.5m 0.00% Added +128.7k +128,680
21 Gladwyn Financial Advisors, Inc. 3.35% of their portfolio CHANTILLY, VA 198,598198.6k $4.3m $4.3m 3.35% First filing
22 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 186,597186.6k $4.1m $4.1m 0.01% Reduced -1.6k -1,582
23 OLYMPUS WEALTH MANAGEMENT, LLC 1.11% of their portfolio COTTONWOOD HEIGHTS, UT 151,160151.2k $3.3m $3.3m 1.11% Reduced -15.0k -15,017
24 KEYBANK NATIONAL ASSOCIATION/OH 0.01% of their portfolio BROOKLYN, OH 138,509138.5k $3.0m $3.0m 0.01% Reduced -3.8k -3,765
25 INSIGNEO ADVISORY SERVICES, LLC 0.26% of their portfolio MIAMI, FL 136,335136.3k $3.0m $3.0m 0.26% Reduced -1.7k -1,684
26 CSS LLC/IL 0.18% of their portfolio CHICAGO, IL 132,642132.6k $2.9m $2.9m 0.18% Added +8.0k +8,030
27 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 124,334124.3k $2.7m $2.7m 0.00% Reduced -808.1k -808,066
28 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 110,244110.2k $2.4m $2.4m 0.00% Added +3.7k +3,703
29 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 105,533105.5k $2.3m $2.3m 0.00% Reduced -503.9k -503,912
30 Global Endowment Management, LP 0.30% of their portfolio CHARLOTTE, NC 103,088103.1k $2.2m $2.2m 0.30% Reduced -93.6k -93,648
31 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 98,85998.9k $2.2m $2.2m 0.00% Reduced -12.6k -12,584
32 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 92,85692.9k $2.0m $2.0m 0.01% Added +9.8k +9,756
33 Hilltop Holdings Inc. 0.12% of their portfolio DALLAS, TX 86,23186.2k $1.9m $1.9m 0.12% Reduced -16.0k -15,992
34 MACKENZIE FINANCIAL CORP 0.00% of their portfolio TORONTO ONTARIO, A6 77,41077.4k $1.7m $1.7m 0.00% Reduced -15.7k -15,650
35 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 76,39876.4k $1.7m $1.7m 0.01% Reduced -13.3k -13,282
36 Aureus Asset Management, LLC 0.10% of their portfolio BOSTON, MA 70,90070.9k $1.5m $1.5m 0.10% Unchanged
37 Atria Investments, Inc 0.02% of their portfolio Charlotte, NC 67,52267.5k $1.5m $1.5m 0.02% Added +10.3k +10,293
38 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 67,38267.4k $1.5m $1.5m 0.01% Added +4.8k +4,772
39 Pathstone Holdings, LLC 0.01% of their portfolio ENGLEWOOD, NJ 67,37967.4k $1.5m $1.5m 0.01% Added +13.1k +13,050
40 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 66,99967.0k $1.5m $1.5m 0.00% Added +292 +292
41 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 65,27665.3k $1.4m $1.4m 0.00% Reduced -2.0k -1,963
42 BKM Wealth Management, LLC 0.55% of their portfolio BROOKFIELD, WI 64,66864.7k $1.4m $1.4m 0.55% Reduced -802 -802
43 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 64,12464.1k $1.4m $1.4m 0.00% Added +15.9k +15,936
44 LOM Asset Management Ltd 0.43% of their portfolio Hamilton, D0 58,70058.7k $1.3m $1.3m 0.43% First filing
45 World Investment Advisors 0.03% of their portfolio LINCROFT, NJ 54,85354.9k $1.2m $1.2m 0.03% Reduced -1.7k -1,659
46 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 54,24554.2k $1.2m $1.2m 0.00% Added +3.1k +3,127
47 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 52,81852.8k $1.2m $1.2m 0.00% Added +9.7k +9,742
48 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 52,06152.1k $1.1m $1.1m 0.00% Reduced -29.0k -28,974
49 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 46,99047.0k $1.0m $1.0m 0.00% Added +26.5k +26,499
50 Atria Wealth Solutions, Inc. 0.02% of their portfolio NEW YORK, NY 45,08545.1k $983.3k $983.3k 0.02% Reduced -28.1k -28,124
51 Mariner, LLC 0.00% of their portfolio Overland Park, KS 44,20044.2k $964.0k $964.0k 0.00% Reduced -1.8k -1,796
52 CHOREO, LLC 0.01% of their portfolio ROCKFORD, IL 41,86441.9k $913.1k $913.1k 0.01% Reduced -5.6k -5,644
53 Sigma Planning Corp 0.03% of their portfolio ANN ARBOR, MI 41,39141.4k $902.7k $902.7k 0.03% Unchanged
54 Main Street Financial Solutions, LLC 0.07% of their portfolio NEWTOWN, PA 41,27441.3k $900.2k $900.2k 0.07% Reduced -16.8k -16,833
55 Ashton Thomas Private Wealth, LLC 0.03% of their portfolio SCOTTSDALE, AZ 41,10241.1k $896.4k $896.4k 0.03% Added +6.8k +6,809
56 DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.01% of their portfolio CHICAGO, IL 40,84440.8k $890.8k $890.8k 0.01% Added +7.5k +7,470
57 FIDUCIARY FINANCIAL GROUP, LLC 0.16% of their portfolio SAN RAFAEL, CA 39,97540.0k $876.7k $876.7k 0.16% Reduced -2.2k -2,243
58 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 38,35638.4k $836.5k $836.5k 0.00% Added +3.7k +3,689
59 NewEdge Wealth, LLC 0.01% of their portfolio STAMFORD, CT 37,79037.8k $825.3k $825.3k 0.01% New
60 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 37,16737.2k $810.6k $810.6k 0.00% Added +371 +371
61 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 36,70936.7k $801.0k $801.0k 0.00% Reduced -3.4k -3,438
62 CreativeOne Wealth, LLC 0.02% of their portfolio OVERLAND PARK, KS 35,71035.7k $778.8k $778.8k 0.02% Added +7.7k +7,698
63 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 34,79134.8k $758.8k $758.8k 0.01% Added +2.4k +2,435
64 M&T Bank Corp 0.00% of their portfolio BUFFALO, NY 33,62133.6k $733.3k $733.3k 0.00% Reduced -612 -612
65 AVANTAX ADVISORY SERVICES, INC. 0.00% of their portfolio DALLAS, TX 33,22133.2k $724.6k $724.6k 0.00% Reduced -9.2k -9,248
66 Maia Wealth LLC 0.13% of their portfolio DENVER, CO 30,76530.8k $671.0k $671.0k 0.13% Reduced -90 -90
67 CERTUITY, LLC 0.06% of their portfolio NORTH PALM BEACH, FL 30,27030.3k $660.2k $660.2k 0.06% Unchanged
68 IEQ CAPITAL, LLC 0.00% of their portfolio Foster City, CA 29,63529.6k $646.3k $646.3k 0.00% Unchanged
69 National Philanthropic Trust 0.01% of their portfolio Jenkintown, PA 28,91228.9k $630.6k $630.6k 0.01% Unchanged
70 Savant Capital, LLC 0.00% of their portfolio ROCKFORD, IL 27,49727.5k $599.7k $599.7k 0.00% Added +258 +258
71 Kingsview Wealth Management, LLC 0.01% of their portfolio GRANTS PASS, OR 26,36926.4k $575.1k $575.1k 0.01% Reduced -1.7k -1,747
72 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 25,07825.1k $546.9k $546.9k 0.00% Unchanged
73 Wealthcare Advisory Partners LLC 0.01% of their portfolio WEST CHESTER, PA 24,10124.1k $525.6k $525.6k 0.01% Added +2.7k +2,677
74 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 23,79423.8k $518.9k $518.9k 0.00% Reduced -75.7k -75,724
75 Cresset Asset Management, LLC 0.00% of their portfolio Chicago, IL 22,96523.0k $500.9k $500.9k 0.00% Reduced -181 -181
76 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 22,46922.5k $490.0k $490.0k 0.00% Reduced -494 -494
77 American State Bank (Iowa) 0.27% of their portfolio SIOUX CENTER, IA 22,13022.1k $482.7k $482.7k 0.27% Reduced -200 -200
78 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 21,93221.9k $478.3k $478.3k 0.00% Reduced -3.2k -3,186
79 Bienville Capital Management, LLC 0.09% of their portfolio New York, NY 21,91121.9k $477.9k $477.9k 0.09% Unchanged
80 Atlas Legacy Advisors, LLC 0.10% of their portfolio LOS ANGELES, CA 21,27621.3k $464.0k $464.0k 0.10% Reduced -44 -44
81 Arkadios Wealth Advisors 0.01% of their portfolio ATLANTA, GA 21,24721.2k $463.4k $463.4k 0.01% Reduced -131 -131
82 Laird Norton Wetherby Trust Company, LLC 0.06% of their portfolio Seattle, WA 20,71420.7k $451.8k $451.8k 0.06% Unchanged
83 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 20,70620.7k $451.6k $451.6k 0.00% Added +418 +418
84 Intellectus Partners, LLC 0.10% of their portfolio SAN FRANCISCO, CA 20,45020.4k $446.0k $446.0k 0.10% Reduced -3.0k -3,000
85 Sonoma Private Wealth LLC 0.52% of their portfolio San Francisco, CA 19,45619.5k $424.3k $424.3k 0.52% Reduced -1.5k -1,507
86 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 18,75218.8k $409.0k $409.0k 0.00% Added +2.2k +2,188
87 FIRST MANHATTAN CO. LLC. 0.00% of their portfolio NEW YORK, NY 18,60018.6k $405.7k $405.7k 0.00% Reduced -600 -600
88 Redhawk Wealth Advisors, Inc. 0.05% of their portfolio MINNEAPOLIS, MN 18,49318.5k $403.3k $403.3k 0.05% Unchanged
89 Knollwood Investment Advisory, LLC 0.04% of their portfolio HUNT VALLEY, MD 18,42518.4k $401.8k $401.8k 0.04% Unchanged
90 Orion Porfolio Solutions, LLC 0.00% of their portfolio OMAHA, NE 18,40818.4k $401.5k $401.5k 0.00% Reduced -4.2k -4,231
91 PFG Investments, LLC 0.02% of their portfolio WOODBURY, NY 18,25518.3k $398.1k $398.1k 0.02% Reduced -2.9k -2,932
92 Callan Family Office, LLC 0.01% of their portfolio RADNOR, PA 18,00018.0k $392.6k $392.6k 0.01% Unchanged
93 Cannell & Spears LLC 0.01% of their portfolio NEW YORK, NY 17,97418.0k $392.0k $392.0k 0.01% Added +115 +115
94 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 17,79717.8k $388.2k $388.2k 0.00% Unchanged
95 J.W. COLE ADVISORS, INC. 0.01% of their portfolio TAMPA, FL 17,52017.5k $382.1k $382.1k 0.01% Unchanged
96 Weaver Consulting Group 0.10% of their portfolio HUNTINGTON BEACH, CA 16,99617.0k $370.7k $370.7k 0.10% Reduced -1.2k -1,240
97 Mesirow Financial Investment Management, Inc. 0.01% of their portfolio CHICAGO, IL 16,61816.6k $362.4k $362.4k 0.01% Unchanged
98 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.02% of their portfolio CEDAR RAPIDS, IA 16,50216.5k $359.9k $359.9k 0.02% Added +6.9k +6,945
99 BROWN ADVISORY INC 0.00% of their portfolio BALTIMORE, MD 16,32016.3k $355.9k $355.9k 0.00% Unchanged
100 Prime Capital Investment Advisors, LLC 0.00% of their portfolio OVERLAND PARK, KS 15,60915.6k $340.4k $340.4k 0.00% Reduced -50 -50