Vault-13

INVESCO DB COMMDY INDX TRCK DBC

UNIT · ETP · CUSIP 46138B103

192 institutional holders -6 vs Q2 2025
22,030,15622.0m shares reported held*
$496.8mreported value*
15 new 45 added 61 reduced 18 sold out net sold ≈ $2.5m (-110.3k 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 ≈ $22.55. Options: 6 managers hold calls ($3.9m notional), 3 hold puts ($355.8k).

Trends to Q3 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: 198Q3 25: 192192Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 2025192

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 23: 82 bought or addedQ4 23: 129 cut or sold outQ1 24: 73 bought or addedQ1 24: 117 cut or sold outQ1 24Q2 24: 67 bought or addedQ2 24: 110 cut or sold outQ3 24: 59 bought or addedQ3 24: 103 cut or sold outQ3 24Q4 24: 87 bought or addedQ4 24: 82 cut or sold outQ1 25: 72 bought or addedQ1 25: 94 cut or sold outQ1 25Q2 25: 65 bought or addedQ2 25: 93 cut or sold outQ3 25: 60 bought or addedQ3 25: 79 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 202382129
Q1 202473117
Q2 202467110
Q3 202459103
Q4 20248782
Q1 20257294
Q2 20256593
Q3 20256079

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ4 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 0.07Q3 25 calls: $3.9mQ3 25 puts: $355.8kQ3 25P/C 0.09
Numbers
QuarterCallsPutsP/C
Q4 2024$2.1m$1.7m0.84
Q1 2025$1.8m$1.3m0.73
Q2 2025$4.3m$303.0k0.07
Q3 2025$3.9m$355.8k0.09

Biggest buyers

Lido Advisors, LLC Added +289,187+289.2k
Man Group plc Added +255,893+255.9k
Corient Private Wealth LP New +236,620+236.6k
LPL Financial LLC Added +162,436+162.4k
JPMORGAN CHASE & CO Added +106,659+106.7k
Advisory Services Network, LLC New +99,196+99.2k
Sanctuary Advisors, LLC Added +81,749+81.7k
BANK OF AMERICA CORP /DE/ Added +67,602+67.6k
Avos Capital Management, LLC Added +67,074+67.1k
Cetera Investment Advisers Added +63,796+63.8k

Biggest sellers

Quadrature Capital Ltd Reduced -557,092-557.1k
DEUTSCHE BANK AG\ Reduced -171,739-171.7k
ROYAL BANK OF CANADA Reduced -168,769-168.8k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Reduced -160,939-160.9k
UBS Group AG Reduced -104,357-104.4k
LOCKHEED MARTIN INVESTMENT MANAGEMENT CO Reduced -83,300-83.3k
MANUFACTURERS LIFE INSURANCE COMPANY, THE Reduced -66,416-66.4k
Fund Evaluation Group, LLC Reduced -65,377-65.4k
CITADEL ADVISORS LLC Reduced -51,696-51.7k
GOLDMAN SACHS GROUP INC Reduced -42,436-42.4k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $2.1m94.5k shares
SIMPLEX TRADING, LLC Reduced $590.0k26.2k shares
CITADEL ADVISORS LLC Unchanged $344.7k15.3k shares
IMC-Chicago, LLC Added $306.4k13.6k shares
WOLVERINE TRADING, LLC New $305.4k13.5k shares
GROUP ONE TRADING LLC Added $189.3k8.4k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $216.3k9.6k shares
SIMPLEX TRADING, LLC Reduced $135.0k6.0k shares
GROUP ONE TRADING LLC New $4.5k200 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 Q3 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 Q3 2025.

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 4,123,5774.1m $92.9m $92.9m 0.01% Added +67.6k +67,602
2 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 3,811,7663.8m $85.9m $85.9m 0.02% Reduced -29.8k -29,813
3 HighVista Strategies LLC 7.93% of their portfolio BOSTON, MA 1,436,1361.4m $32.4m $32.4m 7.93% Unchanged
4 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,298,9401.3m $29.3m $29.3m 0.00% Reduced -31.2k -31,189
5 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 1,042,8611.0m $23.5m $23.5m 0.01% Reduced -171.7k -171,739
6 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 627,807627.8k $14.1m $14.1m 0.00% Added +10.8k +10,765
7 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 584,190584.2k $13.2m $13.2m 0.00% Added +162.4k +162,436
8 LOCKHEED MARTIN INVESTMENT MANAGEMENT CO 0.48% of their portfolio BETHESDA, MD 580,000580.0k $13.1m $13.1m 0.48% Reduced -83.3k -83,300
9 Palumbo Wealth Management LLC 3.36% of their portfolio GREAT NECK, NY 467,295467.3k $10.5m $10.5m 3.36% Reduced -3.2k -3,179
10 Cordant, Inc. 4.57% of their portfolio PORTLAND, OR 448,934448.9k $10.1m $10.1m 4.57% Added +15.5k +15,491
11 VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio San Antonio, TX 439,100439.1k $9.9m $9.9m 0.01% Unchanged
12 Avos Capital Management, LLC 4.30% of their portfolio SEATTLE, WA 408,699408.7k $9.2m $9.2m 4.30% Added +67.1k +67,074
13 Lido Advisors, LLC 0.03% of their portfolio Los Angeles, CA 303,656303.7k $6.8m $6.8m 0.03% Added +289.2k +289,187
14 Man Group plc 0.01% of their portfolio LONDON, X0 269,844269.8k $6.1m $6.1m 0.01% Added +255.9k +255,893
15 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 250,393250.4k $5.6m $5.6m 0.01% Added +63.8k +63,796
16 Quadrature Capital Ltd 0.06% of their portfolio LONDON, X0 239,652239.7k $5.4m $5.4m 0.06% Reduced -557.1k -557,092
17 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 236,620236.6k $5.3m $5.3m 0.01% New
18 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 218,404218.4k $4.9m $4.9m 0.00% Added +2.1k +2,094
19 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 212,192212.2k $4.8m $4.8m 0.00% Added +106.7k +106,659
20 Gladwyn Financial Advisors, Inc. 3.24% of their portfolio CHANTILLY, VA 200,487200.5k $4.5m $4.5m 3.24% Added +1.9k +1,889
21 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 191,894191.9k $4.3m $4.3m 0.00% Reduced -42.4k -42,436
22 Fund Evaluation Group, LLC 0.15% of their portfolio CINCINNATI, OH 185,314185.3k $4.2m $4.2m 0.15% Reduced -65.4k -65,377
23 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 174,605174.6k $3.9m $3.9m 0.01% Added +81.7k +81,749
24 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 167,575167.6k $3.8m $3.8m 0.00% Reduced -160.9k -160,939
25 UBS Group AG 0.00% of their portfolio ZURICH, V8 155,178155.2k $3.5m $3.5m 0.00% Reduced -104.4k -104,357
26 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 141,852141.9k $3.2m $3.2m 0.00% Reduced -66.4k -66,416
27 INSIGNEO ADVISORY SERVICES, LLC 0.22% of their portfolio MIAMI, FL 137,793137.8k $3.1m $3.1m 0.22% Added +1.5k +1,458
28 CSS LLC/IL 0.18% of their portfolio CHICAGO, IL 132,642132.6k $3.0m $3.0m 0.18% Unchanged
29 KEYBANK NATIONAL ASSOCIATION/OH 0.01% of their portfolio BROOKLYN, OH 127,025127.0k $2.9m $2.9m 0.01% Reduced -11.5k -11,484
30 Global Endowment Management, LP 0.35% of their portfolio CHARLOTTE, NC 124,252124.3k $2.8m $2.8m 0.35% Added +21.2k +21,164
31 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 116,931116.9k $2.6m $2.6m 0.00% Added +6.7k +6,687
32 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 115,829115.8k $2.6m $2.6m 0.00% Reduced -8.5k -8,505
33 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 101,239101.2k $2.3m $2.3m 0.00% Reduced -168.8k -168,769
34 Advisory Services Network, LLC 0.03% of their portfolio ATLANTA, GA 99,19699.2k $2.2m $2.2m 0.03% New
35 Hilltop Holdings Inc. 0.10% of their portfolio DALLAS, TX 85,97486.0k $1.9m $1.9m 0.10% Reduced -257 -257
36 MACKENZIE FINANCIAL CORP 0.00% of their portfolio TORONTO ONTARIO, A6 80,14080.1k $1.8m $1.8m 0.00% Added +2.7k +2,730
37 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 77,93177.9k $1.8m $1.8m 0.00% Reduced -20.9k -20,928
38 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 74,16574.2k $1.7m $1.7m 0.00% Reduced -2.2k -2,233
39 Aureus Asset Management, LLC 0.10% of their portfolio BOSTON, MA 70,90070.9k $1.6m $1.6m 0.10% Unchanged
40 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 69,66969.7k $1.6m $1.6m 0.00% Added +4.4k +4,393
41 BKM Wealth Management, LLC 0.56% of their portfolio BROOKFIELD, WI 67,83367.8k $1.5m $1.5m 0.56% Added +3.2k +3,165
42 Atria Investments, Inc 0.02% of their portfolio Charlotte, NC 67,75367.8k $1.5m $1.5m 0.02% Added +231 +231
43 Pathstone Holdings, LLC 0.01% of their portfolio ENGLEWOOD, NJ 67,37967.4k $1.5m $1.5m 0.01% Unchanged
44 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 65,21565.2k $1.5m $1.5m 0.01% Reduced -2.2k -2,167
45 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 64,13464.1k $1.4m $1.4m 0.00% Reduced -2.9k -2,865
46 LOM Asset Management Ltd 0.40% of their portfolio Hamilton, D0 58,70058.7k $1.3m $1.3m 0.40% Unchanged
47 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 55,32555.3k $1.2m $1.2m 0.00% Added +2.5k +2,507
48 World Investment Advisors 0.03% of their portfolio LINCROFT, NJ 54,94354.9k $1.2m $1.2m 0.03% Added +90 +90
49 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 54,84454.8k $1.2m $1.2m 0.00% Added +2.8k +2,783
50 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 51,70451.7k $1.2m $1.2m 0.00% Reduced -2.5k -2,541
51 Mariner, LLC 0.00% of their portfolio Overland Park, KS 44,32344.3k $998.6k $998.6k 0.00% Added +123 +123
52 Sigma Planning Corp 0.03% of their portfolio ANN ARBOR, MI 41,39541.4k $932.6k $932.6k 0.03% Added +4 +4
53 Ashton Thomas Private Wealth, LLC 0.02% of their portfolio SCOTTSDALE, AZ 41,10241.1k $926.0k $926.0k 0.02% Unchanged
54 FIDUCIARY FINANCIAL GROUP, LLC 0.14% of their portfolio SAN RAFAEL, CA 39,83339.8k $897.4k $897.4k 0.14% Reduced -142 -142
55 CHOREO, LLC 0.01% of their portfolio ROCKFORD, IL 38,32338.3k $863.4k $863.4k 0.01% Reduced -3.5k -3,541
56 NewEdge Wealth, LLC 0.01% of their portfolio STAMFORD, CT 37,79037.8k $862.4k $862.4k 0.01% Unchanged
57 Main Street Financial Solutions, LLC 0.05% of their portfolio NEWTOWN, PA 36,77436.8k $828.5k $828.5k 0.05% Reduced -4.5k -4,500
58 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 36,11536.1k $813.7k $813.7k 0.00% Reduced -594 -594
59 &PARTNERS 0.01% of their portfolio NASHVILLE, TN 34,94934.9k $787.4k $787.4k 0.01% New
60 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 34,90634.9k $786.4k $786.4k 0.00% Reduced -3.5k -3,450
61 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 33,61333.6k $757.3k $757.3k 0.00% New
62 M&T Bank Corp 0.00% of their portfolio BUFFALO, NY 33,39633.4k $752.4k $752.4k 0.00% Reduced -225 -225
63 DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.01% of their portfolio CHICAGO, IL 32,59432.6k $734.3k $734.3k 0.01% Reduced -8.2k -8,250
64 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 32,07832.1k $722.7k $722.7k 0.00% Added +7.0k +7,000
65 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 32,00332.0k $721.0k $721.0k 0.00% Reduced -2.8k -2,788
66 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 31,54731.5k $710.8k $710.8k 0.00% Reduced -5.6k -5,620
67 IPG Investment Advisors LLC 0.12% of their portfolio SAN DIEGO, CA 30,65030.6k $690.5k $690.5k 0.12% New
68 CERTUITY, LLC 0.05% of their portfolio NORTH PALM BEACH, FL 30,27030.3k $682.0k $682.0k 0.05% Unchanged
69 Wealthcare Advisory Partners LLC 0.01% of their portfolio WEST CHESTER, PA 29,77229.8k $670.8k $670.8k 0.01% Added +5.7k +5,671
70 IEQ CAPITAL, LLC 0.00% of their portfolio Foster City, CA 29,63529.6k $667.7k $667.7k 0.00% Unchanged
71 National Philanthropic Trust 0.01% of their portfolio Jenkintown, PA 28,91228.9k $651.4k $651.4k 0.01% Unchanged
72 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.04% of their portfolio CEDAR RAPIDS, IA 28,38828.4k $639.6k $639.6k 0.04% Added +11.9k +11,886
73 Savant Capital, LLC 0.00% of their portfolio ROCKFORD, IL 27,08927.1k $610.3k $610.3k 0.00% Reduced -408 -408
74 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 25,57125.6k $576.1k $576.1k 0.00% Reduced -21.4k -21,419
75 Cresset Asset Management, LLC 0.00% of their portfolio Chicago, IL 22,96523.0k $517.4k $517.4k 0.00% Unchanged
76 Maia Wealth LLC 0.09% of their portfolio DENVER, CO 22,40022.4k $518.5k $518.5k 0.09% Reduced -8.4k -8,365
77 American State Bank (Iowa) 0.25% of their portfolio SIOUX CENTER, IA 22,13022.1k $498.6k $498.6k 0.25% Unchanged
78 Kingsview Wealth Management, LLC 0.01% of their portfolio GRANTS PASS, OR 21,58721.6k $486.4k $486.4k 0.01% Reduced -4.8k -4,782
79 Arkadios Wealth Advisors 0.01% of their portfolio ATLANTA, GA 21,24721.2k $478.7k $478.7k 0.01% Unchanged
80 Atlas Legacy Advisors, LLC 0.09% of their portfolio LOS ANGELES, CA 21,22021.2k $478.1k $478.1k 0.09% Reduced -56 -56
81 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 20,94120.9k $471.8k $471.8k 0.00% New
82 Laird Norton Wetherby Trust Company, LLC 0.08% of their portfolio Seattle, WA 20,71420.7k $466.7k $466.7k 0.08% Unchanged
83 Cardinal Point Capital Management ULC 0.03% of their portfolio TORONTO, A6 20,45020.4k $457.1k $457.1k 0.03% New
84 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 19,61319.6k $441.9k $441.9k 0.00% Reduced -1.1k -1,093
85 Sonoma Private Wealth LLC 0.52% of their portfolio San Francisco, CA 19,40919.4k $437.3k $437.3k 0.52% Reduced -47 -47
86 Knollwood Investment Advisory, LLC 0.04% of their portfolio HUNT VALLEY, MD 18,90418.9k $425.9k $425.9k 0.04% Added +479 +479
87 FIRST MANHATTAN CO. LLC. 0.00% of their portfolio NEW YORK, NY 18,60018.6k $419.1k $419.1k 0.00% Unchanged
88 Redhawk Wealth Advisors, Inc. 0.05% of their portfolio MINNEAPOLIS, MN 18,49318.5k $416.6k $416.6k 0.05% Unchanged
89 Prime Capital Investment Advisors, LLC 0.01% of their portfolio OVERLAND PARK, KS 18,48018.5k $416.4k $416.4k 0.01% Added +2.9k +2,871
90 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 18,47818.5k $416.3k $416.3k 0.00% Reduced -3.5k -3,454
91 Orion Porfolio Solutions, LLC 0.00% of their portfolio OMAHA, NE 18,40818.4k $414.7k $414.7k 0.00% Unchanged
92 Callan Family Office, LLC 0.01% of their portfolio RADNOR, PA 18,00018.0k $405.5k $405.5k 0.01% Unchanged
93 Cannell & Spears LLC 0.01% of their portfolio NEW YORK, NY 17,92917.9k $403.9k $403.9k 0.01% Reduced -45 -45
94 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 17,79717.8k $401.0k $401.0k 0.00% Unchanged
95 PFG Investments, LLC 0.02% of their portfolio WOODBURY, NY 17,53017.5k $394.9k $394.9k 0.02% Reduced -725 -725
96 Weaver Consulting Group 0.10% of their portfolio HUNTINGTON BEACH, CA 16,82016.8k $379.0k $379.0k 0.10% Reduced -176 -176
97 J.W. COLE ADVISORS, INC. 0.01% of their portfolio TAMPA, FL 16,64616.6k $375.0k $375.0k 0.01% Reduced -874 -874
98 Mesirow Financial Investment Management, Inc. 0.01% of their portfolio CHICAGO, IL 16,61816.6k $374.4k $374.4k 0.01% Unchanged
99 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 16,60616.6k $374.1k $374.1k 0.00% Reduced -7.2k -7,188
100 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 16,59116.6k $373.8k $373.8k 0.00% Reduced -5.9k -5,878