Vault-13

INVESCO DB COMMDY INDX TRCK DBC

UNIT · ETP · CUSIP 46138B103

224 institutional holders +14 vs Q4 2025
22,936,14722.9m shares reported held*
$664.5mreported value*
33 new 52 added 69 reduced 18 sold out net bought ≈ $2.7m (+102.0k 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 ≈ $28.97. Options: 7 managers hold calls ($27.7m notional), 5 hold puts ($10.4m).

Trends to Q1 2026

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: 192Q4 25: 210Q1 26: 224224Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q4 2025210
Q1 2026224

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 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 25Q4 25: 93 bought or addedQ4 25: 69 cut or sold outQ1 26: 85 bought or addedQ1 26: 87 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 202467110
Q3 202459103
Q4 20248782
Q1 20257294
Q2 20256593
Q3 20256079
Q4 20259369
Q1 20268587

Calls vs puts

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

CallsPuts
$0$10m$20m$30mQ2 25 calls: $4.3mQ2 25 puts: $303.0kQ2 25P/C 0.07Q3 25 calls: $3.9mQ3 25 puts: $355.8kQ3 25P/C 0.09Q4 25 calls: $4.6mQ4 25 puts: $2.5mQ4 25P/C 0.56Q1 26 calls: $27.7mQ1 26 puts: $10.4mQ1 26P/C 0.38
Numbers
QuarterCallsPutsP/C
Q2 2025$4.3m$303.0k0.07
Q3 2025$3.9m$355.8k0.09
Q4 2025$4.6m$2.5m0.56
Q1 2026$27.7m$10.4m0.38

Biggest buyers

GOLDMAN SACHS GROUP INC Added +500,122+500.1k
MORGAN STANLEY Added +298,465+298.5k
JANE STREET GROUP, LLC Added +207,145+207.1k
AMERIPRISE FINANCIAL INC Added +190,204+190.2k
CITADEL ADVISORS LLC Added +189,766+189.8k
SONA ASSET MANAGEMENT (US) LLC New +175,000+175.0k
Man Group plc Added +114,667+114.7k
ENVESTNET ASSET MANAGEMENT INC Added +77,622+77.6k
Redhawk Wealth Advisors, Inc. Added +66,370+66.4k
Quadrature Capital Ltd New +65,863+65.9k

Biggest sellers

JPMORGAN CHASE & CO Reduced -681,420-681.4k
Corient Private Wealth LP Reduced -232,786-232.8k
BANK OF AMERICA CORP /DE/ Reduced -218,243-218.2k
DEUTSCHE BANK AG\ Reduced -194,619-194.6k
Advisory Services Network, LLC Reduced -182,134-182.1k
IFG Advisory, LLC Sold out -172,390-172.4k
Lido Advisors, LLC Reduced -165,717-165.7k
LOCKHEED MARTIN INVESTMENT MANAGEMENT CO Reduced -100,000-100.0k
Sanctuary Advisors, LLC Sold out -99,157-99.2k
WELLS FARGO & COMPANY/MN Reduced -91,107-91.1k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $12.4m426.9k shares
SONA ASSET MANAGEMENT (US) LLC New $8.7m300.0k shares
SIMPLEX TRADING, LLC Added $2.7m91.6k shares
CITADEL ADVISORS LLC Added $1.8m61.4k shares
IMC-Chicago, LLC New $1.4m47.6k shares
GROUP ONE TRADING LLC Added $518.2k17.9k shares
Brookwood Investment Group LLC New $332.9k11.5k shares

Biggest puts

CITADEL ADVISORS LLC New $4.2m145.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $3.6m124.1k shares
SIMPLEX TRADING, LLC Added $1.5m50.6k shares
JANE STREET GROUP, LLC Reduced $686.1k23.7k shares
IMC-Chicago, LLC New $442.9k15.3k 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 2026

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 2026.

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 3,903,8293.9m $113.0m $113.0m 0.01% Reduced -218.2k -218,243
2 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 3,416,3743.4m $98.9m $98.9m 0.02% Reduced -91.1k -91,107
3 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,582,1801.6m $45.8m $45.8m 0.00% Added +298.5k +298,465
4 HighVista Strategies LLC 8.45% of their portfolio BOSTON, MA 1,057,2381.1m $30.6m $30.6m 8.45% Unchanged
5 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 803,698803.7k $23.3m $23.3m 0.01% Reduced -194.6k -194,619
6 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 632,728632.7k $18.3m $18.3m 0.00% Added +52.9k +52,851
7 Man Group plc 0.03% of their portfolio LONDON, X0 552,936552.9k $16.0m $16.0m 0.03% Added +114.7k +114,667
8 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 541,104541.1k $15.7m $15.7m 0.00% Added +77.6k +77,622
9 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 538,889538.9k $15.6m $15.6m 0.02% Added +207.1k +207,145
10 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 534,718534.7k $15.5m $15.5m 0.00% Added +500.1k +500,122
11 Palumbo Wealth Management LLC 3.43% of their portfolio GREAT NECK, NY 485,513485.5k $14.1m $14.1m 3.43% Reduced -53 -53
12 Avos Capital Management, LLC 5.09% of their portfolio SEATTLE, WA 445,222445.2k $12.9m $12.9m 5.09% Added +34.8k +34,829
13 Cordant, Inc. 5.20% of their portfolio PORTLAND, OR 442,943442.9k $12.8m $12.8m 5.20% Reduced -44 -44
14 VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio San Antonio, TX 439,100439.1k $12.7m $12.7m 0.01% Unchanged
15 LOCKHEED MARTIN INVESTMENT MANAGEMENT CO 0.35% of their portfolio BETHESDA, MD 330,000330.0k $9.6m $9.6m 0.35% Reduced -100.0k -100,000
16 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 285,241285.2k $8.3m $8.3m 0.00% Added +190.2k +190,204
17 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 250,997251.0k $7.3m $7.3m 0.01% Added +3.2k +3,223
18 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 244,242244.2k $7.1m $7.1m 0.01% Added +189.8k +189,766
19 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 236,182236.2k $6.8m $6.8m 0.01% Reduced -232.8k -232,786
20 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 233,688233.7k $6.8m $6.8m 0.00% Added +9.4k +9,423
21 Fund Evaluation Group, LLC 0.16% of their portfolio CINCINNATI, OH 185,314185.3k $5.4m $5.4m 0.16% Unchanged
22 SONA ASSET MANAGEMENT (US) LLC 0.19% of their portfolio NEW YORK, NY 175,000175.0k $5.1m $5.1m 0.19% New
23 Gladwyn Financial Advisors, Inc. 3.34% of their portfolio CHANTILLY, VA 165,763165.8k $4.8m $4.8m 3.34% Reduced -35.7k -35,692
24 Militia Capital Management LLC 0.34% of their portfolio AUSTIN, TX 158,214158.2k $4.6m $4.6m 0.34% First filing
25 Marino Management, LLC 0.83% of their portfolio WESTPORT, CT 155,962156.0k $4.6m $4.6m 0.83% Unchanged
26 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 146,926146.9k $4.3m $4.3m 0.00% Added +63.8k +63,778
27 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 143,440143.4k $4.2m $4.2m 0.00% Added +5.0k +4,991
28 UBS Group AG 0.00% of their portfolio ZURICH, V8 140,062140.1k $4.1m $4.1m 0.00% Reduced -10.3k -10,284
29 Lido Advisors, LLC 0.02% of their portfolio Los Angeles, CA 137,753137.8k $4.0m $4.0m 0.02% Reduced -165.7k -165,717
30 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 135,833135.8k $4.0m $4.0m 0.00% Reduced -681.4k -681,420
31 Laird Norton Wetherby Trust Company, LLC 0.08% of their portfolio Seattle, WA 129,122129.1k $3.7m $3.7m 0.08% Unchanged
32 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 122,209122.2k $3.5m $3.5m 0.00% Unchanged
33 KEYBANK NATIONAL ASSOCIATION/OH 0.01% of their portfolio BROOKLYN, OH 108,223108.2k $3.1m $3.1m 0.01% Reduced -23.2k -23,222
34 FLOW TRADERS U.S. LLC 0.10% of their portfolio NEW YORK, NY 106,533106.5k $3.1m $3.1m 0.10% Added +47.7k +47,653
35 CSS LLC/IL 0.17% of their portfolio CHICAGO, IL 106,422106.4k $3.1m $3.1m 0.17% Reduced -34.0k -34,000
36 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 97,94197.9k $2.8m $2.8m 0.00% Added +26.6k +26,646
37 INSIGNEO ADVISORY SERVICES, LLC 0.20% of their portfolio MIAMI, FL 97,92797.9k $2.8m $2.8m 0.20% Reduced -39.5k -39,498
38 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 93,67693.7k $2.7m $2.7m 0.00% Reduced -25.6k -25,589
39 Global Endowment Management, LP 0.30% of their portfolio CHARLOTTE, NC 92,54792.5k $2.7m $2.7m 0.30% Added +4.7k +4,685
40 Redhawk Wealth Advisors, Inc. 0.27% of their portfolio MINNEAPOLIS, MN 85,46885.5k $2.5m $2.5m 0.27% Added +66.4k +66,370
41 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 80,80180.8k $2.3m $2.3m 0.00% Added +7.5k +7,481
42 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 75,07575.1k $2.2m $2.2m 0.00% Added +12.9k +12,917
43 Hilltop Holdings Inc. 0.20% of their portfolio DALLAS, TX 74,47174.5k $2.2m $2.2m 0.20% Reduced -137 -137
44 BKM Wealth Management, LLC 0.74% of their portfolio BROOKFIELD, WI 69,71569.7k $2.0m $2.0m 0.74% Reduced -1.0k -1,035
45 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 68,34068.3k $2.0m $2.0m 0.00% Added +3.8k +3,791
46 Pathstone Holdings, LLC 0.01% of their portfolio ENGLEWOOD, NJ 67,18567.2k $1.9m $1.9m 0.01% Added +18.3k +18,322
47 Quadrature Capital Ltd 0.02% of their portfolio LONDON, X0 65,86365.9k $1.9m $1.9m 0.02% New
48 Integrated Wealth Concepts LLC 0.02% of their portfolio WALTHAM, MA 65,30465.3k $1.9m $1.9m 0.02% New
49 MACKENZIE FINANCIAL CORP 0.00% of their portfolio TORONTO ONTARIO, A6 59,78059.8k $1.7m $1.7m 0.00% Reduced -15.3k -15,350
50 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 59,31459.3k $1.7m $1.7m 0.00% Reduced -1.2k -1,199
51 DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.02% of their portfolio CHICAGO, IL 58,89458.9k $1.7m $1.7m 0.02% Added +17.2k +17,200
52 Ashton Thomas Private Wealth, LLC 0.04% of their portfolio SCOTTSDALE, AZ 58,78258.8k $1.7m $1.7m 0.04% Added +10.1k +10,109
53 LOM Asset Management Ltd 0.49% of their portfolio Hamilton, D0 58,70058.7k $1.7m $1.7m 0.49% Unchanged
54 World Investment Advisors 0.03% of their portfolio LINCROFT, NJ 57,20457.2k $1.7m $1.7m 0.03% Added +1.2k +1,159
55 Point72 Asset Management, L.P. 0.00% of their portfolio STAMFORD, CT 54,82554.8k $1.6m $1.6m 0.00% New
56 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 53,53753.5k $1.6m $1.6m 0.00% Reduced -4.6k -4,558
57 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 52,32252.3k $1.5m $1.5m 0.00% Added +40.5k +40,537
58 Arrow Investment Advisors, LLC 1.45% of their portfolio LAUREL, MD 47,08747.1k $1.4m $1.4m 1.45% New
59 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.07% of their portfolio CEDAR RAPIDS, IA 44,36644.4k $1.3m $1.3m 0.07% Added +2.2k +2,205
60 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 43,67043.7k $1.3m $1.3m 0.01% Added +24.8k +24,828
61 FIDUCIARY FINANCIAL GROUP, LLC 0.16% of their portfolio SAN RAFAEL, CA 41,97742.0k $1.2m $1.2m 0.16% Reduced -26 -26
62 Mariner, LLC 0.00% of their portfolio Overland Park, KS 41,82541.8k $1.2m $1.2m 0.00% Reduced -1.3k -1,330
63 Sigma Planning Corp 0.03% of their portfolio ANN ARBOR, MI 41,33541.3k $1.2m $1.2m 0.03% Reduced -73 -73
64 IPG Investment Advisors LLC 0.20% of their portfolio SAN DIEGO, CA 41,04541.0k $1.2m $1.2m 0.20% Added +8.6k +8,644
65 Atlas Legacy Advisors, LLC 0.22% of their portfolio LOS ANGELES, CA 40,72040.7k $1.2m $1.2m 0.22% Reduced -1.5k -1,528
66 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 40,46940.5k $1.2m $1.2m 0.00% Added +4.0k +4,020
67 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 40,07940.1k $1.2m $1.2m 0.00% Reduced -21.5k -21,546
68 TWO SIGMA SECURITIES, LLC 0.13% of their portfolio NEW YORK, NY 39,38839.4k $1.1m $1.1m 0.13% New
69 Mesirow Financial Investment Management, Inc. 0.02% of their portfolio CHICAGO, IL 39,21439.2k $1.1m $1.1m 0.02% Added +22.0k +22,049
70 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 38,29338.3k $1.1m $1.1m 0.00% New
71 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 38,17438.2k $1.1m $1.1m 0.00% Reduced -3.1k -3,100
72 NewEdge Wealth, LLC 0.01% of their portfolio STAMFORD, CT 37,79037.8k $1.1m $1.1m 0.01% Unchanged
73 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 36,85236.9k $1.1m $1.1m 0.00% Added +3.9k +3,918
74 J.Safra Asset Management Corp 0.06% of their portfolio NEW YORK, NY 35,84035.8k $1.0m $1.0m 0.06% Added +51 +51
75 &PARTNERS 0.01% of their portfolio NASHVILLE, TN 35,67835.7k $1.0m $1.0m 0.01% Added +754 +754
76 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 34,11134.1k $987.5k $987.5k 0.00% Reduced -80.9k -80,905
77 Main Street Financial Solutions, LLC 0.07% of their portfolio NEWTOWN, PA 34,06534.1k $986.2k $986.2k 0.07% Reduced -135 -135
78 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 33,84833.8k $979.9k $979.9k 0.00% Reduced -14.0k -13,960
79 Bleakley Financial Group, LLC 0.02% of their portfolio PARSIPPANY, NJ 33,55333.6k $971.4k $971.4k 0.02% Unchanged
80 Kingsview Wealth Management, LLC 0.01% of their portfolio GRANTS PASS, OR 33,43333.4k $967.9k $967.9k 0.01% Added +9.4k +9,391
81 MATHER GROUP, LLC. 0.01% of their portfolio CHICAGO, IL 33,37933.4k $966.3k $966.3k 0.01% Reduced -1.4k -1,360
82 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 32,79732.8k $949.5k $949.5k 0.00% New
83 Arax Advisory Partners 0.03% of their portfolio NEW YORK, NY 32,36232.4k $936.9k $936.9k 0.03% Reduced -609 -609
84 Wealthcare Advisory Partners LLC 0.02% of their portfolio WEST CHESTER, PA 32,07232.1k $928.5k $928.5k 0.02% Reduced -341 -341
85 Basecamp Wealth Advisors LLC 0.19% of their portfolio BELLEVUE, WA 31,87331.9k $922.7k $922.7k 0.19% Reduced -2.9k -2,923
86 NWAM LLC 0.05% of their portfolio MERCER ISLAND, WA 31,23131.2k $904.1k $904.1k 0.05% Reduced -7.9k -7,926
87 M&T Bank Corp 0.00% of their portfolio BUFFALO, NY 31,20631.2k $903.4k $903.4k 0.00% Reduced -2.0k -2,000
88 IEQ CAPITAL, LLC 0.00% of their portfolio Foster City, CA 30,61030.6k $886.2k $886.2k 0.00% Unchanged
89 National Philanthropic Trust 0.01% of their portfolio Jenkintown, PA 28,91228.9k $837.0k $837.0k 0.01% Unchanged
90 CHOREO, LLC 0.01% of their portfolio ROCKFORD, IL 28,05328.1k $812.1k $812.1k 0.01% Reduced -695 -695
91 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 25,08825.1k $726.3k $726.3k 0.00% Added +3.7k +3,739
92 FIRST HORIZON CORP 0.03% of their portfolio MEMPHIS, TN 24,92824.9k $721.7k $721.7k 0.03% Added +16.8k +16,810
93 NORTHBRIDGE FINANCIAL GROUP, LLC 0.31% of their portfolio TAMPA, FL 24,87824.9k $720.5k $720.5k 0.31% Reduced -1.4k -1,428
94 My Portfolio Guide, LLC 0.39% of their portfolio SEAL BEACH, CA 24,19424.2k $700.4k $700.4k 0.39% First filing
95 Cresset Asset Management, LLC 0.00% of their portfolio Chicago, IL 22,96523.0k $664.8k $664.8k 0.00% Unchanged
96 Savant Capital, LLC 0.00% of their portfolio ROCKFORD, IL 21,59421.6k $625.1k $625.1k 0.00% Reduced -4.7k -4,739
97 Prime Capital Investment Advisors, LLC 0.01% of their portfolio OVERLAND PARK, KS 21,48021.5k $621.8k $621.8k 0.01% Unchanged
98 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 20,96221.0k $606.8k $606.8k 0.00% Added +125 +125
99 Cardinal Point Capital Management ULC 0.04% of their portfolio TORONTO, A6 20,45020.4k $592.0k $592.0k 0.04% Unchanged
100 Sonoma Private Wealth LLC 0.72% of their portfolio San Francisco, CA 20,31320.3k $588.1k $588.1k 0.72% Reduced -673 -673