Vault-13

INVESCO EXCH TRADED FD TR II SPMO

S&P 500 MOMNTM · ETP · CUSIP 46138E339

645 institutional holders +73 vs Q3 2025
60,130,17760.1m shares reported held*
$7.1bnreported value*
82 new 320 added 139 reduced 51 sold out net sold ≈ $33.5m (+565.6k 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 ($32.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $117.66. Options: 6 managers hold calls ($10.4m notional), 5 hold puts ($8.8m).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 45Q4 22: 61Q1 23: 56Q2 23: 55Q3 23: 61Q4 23: 60Q1 24: 144Q2 24: 188Q3 24: 220Q4 24: 352Q1 25: 392Q2 25: 474Q3 25: 572Q4 25: 645645Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202245
Q4 202261
Q1 202356
Q2 202355
Q3 202361
Q4 202360
Q1 2024144
Q2 2024188
Q3 2024220
Q4 2024352
Q1 2025392
Q2 2025474
Q3 2025572
Q4 2025645

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q1 24: 112 bought or addedQ1 24: 23 cut or sold outQ2 24: 151 bought or addedQ2 24: 37 cut or sold outQ2 24Q3 24: 138 bought or addedQ3 24: 85 cut or sold outQ4 24: 244 bought or addedQ4 24: 76 cut or sold outQ4 24Q1 25: 281 bought or addedQ1 25: 124 cut or sold outQ2 25: 347 bought or addedQ2 25: 126 cut or sold outQ2 25Q3 25: 404 bought or addedQ3 25: 167 cut or sold outQ4 25: 402 bought or addedQ4 25: 190 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 202411223
Q2 202415137
Q3 202413885
Q4 202424476
Q1 2025281124
Q2 2025347126
Q3 2025404167
Q4 2025402190

Calls vs puts

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

CallsPuts
$0$5m$10m$15m$20mQ1 25 calls: $2.2mQ1 25 puts: $1.4mQ1 25P/C 0.66Q2 25 calls: $10.2mQ2 25 puts: $1.6mQ2 25P/C 0.15Q3 25 calls: $15.0mQ3 25 puts: $8.4mQ3 25P/C 0.56Q4 25 calls: $10.4mQ4 25 puts: $8.8mQ4 25P/C 0.85
Numbers
QuarterCallsPutsP/C
Q1 2025$2.2m$1.4m0.66
Q2 2025$10.2m$1.6m0.15
Q3 2025$15.0m$8.4m0.56
Q4 2025$10.4m$8.8m0.85

Biggest buyers

RMG Wealth Management LLC New +1,406,205+1.4m
BNP PARIBAS FINANCIAL MARKETS Added +1,339,497+1.3m
BANK OF AMERICA CORP /DE/ Added +522,883+522.9k
Thrivent Financial for Lutherans Added +391,694+391.7k
RAYMOND JAMES FINANCIAL INC Added +385,146+385.1k
CWM, LLC Added +369,627+369.6k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +277,103+277.1k
MORGAN STANLEY Added +199,934+199.9k
LPL Financial LLC Added +182,485+182.5k
Equitable Holdings, Inc. Added +143,235+143.2k

Biggest sellers

ENVESTNET ASSET MANAGEMENT INC Reduced -2,774,294-2.8m
Clark Capital Management Group, Inc. Sold out -861,413-861.4k
Marks Wealth, LLC Sold out -559,697-559.7k
TWO SIGMA INVESTMENTS, LP Sold out -543,500-543.5k
MAINSTAY CAPITAL MANAGEMENT LLC /ADV Reduced -353,235-353.2k
Redhawk Wealth Advisors, Inc. Reduced -316,930-316.9k
Mirae Asset Global Investments Co., Ltd. Reduced -300,065-300.1k
MARSHALL WACE, LLP Sold out -212,881-212.9k
Orion Porfolio Solutions, LLC Reduced -211,414-211.4k
PRINCIPAL SECURITIES, INC. Reduced -173,115-173.1k

Biggest calls

JANE STREET GROUP, LLC Reduced $4.8m39.9k shares
CITADEL ADVISORS LLC Added $4.6m38.8k shares
Point72 Asset Management, L.P. New $465.3k3.9k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $322.2k2.7k shares
SIG BROKERAGE, LP Unchanged $238.6k2.0k shares
MANCHESTER FINANCIAL INC New $11.9k100 shares

Biggest puts

CITADEL ADVISORS LLC Added $3.9m32.6k shares
JANE STREET GROUP, LLC Added $3.8m32.2k shares
Point72 Asset Management, L.P. New $513.1k4.3k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $346.0k2.9k shares
SIG BROKERAGE, LP Unchanged $238.6k2.0k 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.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.22% of their portfolio FORT MILL, SC 6,624,4886.6m $790.4m $790.4m 0.22% Added +182.5k +182,485
2 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 3,308,6493.3m $394.8m $394.8m 0.03% Added +522.9k +522,883
3 CWM, LLC 0.97% of their portfolio OMAHA, NE 2,992,1823.0m $357.0m $357.0m 0.97% Added +369.6k +369,627
4 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 2,682,8772.7m $320.1m $320.1m 0.02% Added +199.9k +199,934
5 VANTAGEPOINT INVESTMENT ADVISERS LLC 2.36% of their portfolio WASHINGTON, DC 2,455,2822.5m $293.0m $293.0m 2.36% Reduced -164.6k -164,631
6 RAYMOND JAMES FINANCIAL INC 0.06% of their portfolio ST. PETERSBURG, FL 1,726,1491.7m $206.0m $206.0m 0.06% Added +385.1k +385,146
7 BNP PARIBAS FINANCIAL MARKETS 0.11% of their portfolio PARIS, I0 1,423,9491.4m $169.9m $169.9m 0.11% Added +1.3m +1,339,497
8 RMG Wealth Management LLC 8.66% of their portfolio PLATTEVILLE, WI 1,406,2051.4m $66.9m $66.9m 8.66% New
9 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.10% of their portfolio MILWAUKEE, WI 1,376,9051.4m $164.3m $164.3m 0.10% Added +277.1k +277,103
10 ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio Berwyn, PA 1,321,7091.3m $157.7m $157.7m 0.05% Reduced -2.8m -2,774,294
11 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 1,231,0781.2m $146.9m $146.9m 0.01% Reduced -168.9k -168,892
12 Cetera Investment Advisers 0.14% of their portfolio SCHAUMBURG, IL 1,066,5951.1m $127.3m $127.3m 0.14% Reduced -100.3k -100,341
13 MONEY CONCEPTS CAPITAL CORP 6.80% of their portfolio PALM BEACH GARDENS, FL 1,015,7331.0m $121.2m $121.2m 6.80% Added +17.9k +17,868
14 MAINSTAY CAPITAL MANAGEMENT LLC /ADV 9.24% of their portfolio GRAND BLANC, MI 1,011,0791.0m $120.6m $120.6m 9.24% Reduced -353.2k -353,235
15 OSAIC HOLDINGS, INC. 0.18% of their portfolio SCOTTSDALE, AZ 1,007,6961.0m $120.3m $120.3m 0.18% Reduced -154.7k -154,671
16 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 988,134988.1k $117.9m $117.9m 0.02% Added +106.1k +106,077
17 Cambridge Investment Research Advisors, Inc. 0.28% of their portfolio FAIRFIELD, IA 888,674888.7k $106.0m $106.0m 0.28% Added +49.9k +49,905
18 Alpine Bank Wealth Management 14.33% of their portfolio GRAND JUNCTION, CO 849,001849.0k $101.3m $101.3m 14.33% Reduced -5.5k -5,511
19 Redwood Investment Management, LLC 8.36% of their portfolio SCOTTSDALE, AZ 623,111623.1k $74.3m $74.3m 8.36% Added +582 +582
20 PLANNING ALTERNATIVES LTD /ADV 9.10% of their portfolio BIRMINGHAM, MI 605,494605.5k $72.2m $72.2m 9.10% Added +6.3k +6,314
21 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.10% of their portfolio PLYMOUTH, MN 594,032594.0k $71.9m $71.9m 0.10% Added +94.1k +94,122
22 Equitable Holdings, Inc. 0.47% of their portfolio NEW YORK, NY 580,152580.2k $69.2m $69.2m 0.47% Added +143.2k +143,235
23 MML INVESTORS SERVICES, LLC 0.16% of their portfolio SPRINGFIELD, MA 567,000567.0k $67.7m $67.7m 0.16% Added +6.6k +6,640
24 Thrivent Financial for Lutherans 0.12% of their portfolio Minneapolis, MN 545,673545.7k $65.4m $65.4m 0.12% Added +391.7k +391,694
25 Private Advisor Group, LLC 0.30% of their portfolio MORRISTOWN, NJ 526,850526.9k $62.9m $62.9m 0.30% Added +10.6k +10,567
26 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 400,225400.2k $47.8m $47.8m 0.01% Added +62.3k +62,338
27 COMMONWEALTH EQUITY SERVICES, LLC 0.06% of their portfolio WALTHAM, MA 380,048380.0k $45.3m $45.3m 0.06% Added +64.7k +64,659
28 Family Investment Center, Inc. 9.07% of their portfolio Saint Joseph, MO 376,333376.3k $44.9m $44.9m 9.07% Added +6.0k +5,982
29 TD PRIVATE CLIENT WEALTH LLC 0.86% of their portfolio NEW YORK, NY 340,032340.0k $40.6m $40.6m 0.86% Added +43.4k +43,354
30 Performance Wealth Partners, LLC 1.09% of their portfolio HINSDALE, IL 338,142338.1k $40.3m $40.3m 1.09% Added +25.1k +25,070
31 JONES FINANCIAL COMPANIES LLLP 0.02% of their portfolio DES PERES, MO 332,316332.3k $39.7m $39.7m 0.02% Added +124.5k +124,491
32 Invst, LLC 3.98% of their portfolio INDIANAPOLIS, IN 306,818306.8k $36.6m $36.6m 3.98% Added +25.0k +25,006
33 UBS Group AG 0.01% of their portfolio ZURICH, V8 297,856297.9k $35.5m $35.5m 0.01% Reduced -22.1k -22,137
34 Kovack Advisors, Inc. 1.62% of their portfolio FT. LAUDERDALE, FL 286,374286.4k $34.2m $34.2m 1.62% Added +48.6k +48,555
35 HighTower Advisors, LLC 0.04% of their portfolio CHICAGO, IL 282,662282.7k $33.7m $33.7m 0.04% Added +39.3k +39,262
36 Sanctuary Advisors, LLC 0.18% of their portfolio INDIANAPOLIS, IN 279,801279.8k $33.4m $33.4m 0.18% Added +27.8k +27,839
37 Mariner, LLC 0.04% of their portfolio Overland Park, KS 266,532266.5k $31.8m $31.8m 0.04% Reduced -13.2k -13,231
38 STIFEL FINANCIAL CORP 0.03% of their portfolio ST. LOUIS, MO 254,366254.4k $30.4m $30.4m 0.03% Added +20.4k +20,403
39 Ascent Group, LLC 1.03% of their portfolio VIRGINIA BEACH, VA 252,643252.6k $30.1m $30.1m 1.03% Added +102.6k +102,587
40 TOMPKINS FINANCIAL CORP 2.30% of their portfolio ITHACA, NY 248,342248.3k $29.6m $29.6m 2.30% Reduced -3.4k -3,372
41 Meridian Wealth Management, LLC 1.04% of their portfolio LEXINGTON, KY 246,665246.7k $29.4m $29.4m 1.04% Added +3.2k +3,153
42 Triton Wealth Management, PLLC 10.79% of their portfolio SUN CITY, AZ 241,617241.6k $28.7m $28.7m 10.79% Added +28.7k +28,659
43 Austin Private Wealth, LLC 2.14% of their portfolio Austin, TX 239,034239.0k $28.5m $28.5m 2.14% Added +88.3k +88,270
44 RVW Wealth, LLC 2.18% of their portfolio LOS ANGELES, CA 238,886238.9k $28.5m $28.5m 2.18% Added +3.0k +3,007
45 Mirae Asset Global Investments Co., Ltd. 0.08% of their portfolio SEOUL, M5 237,209237.2k $28.3m $28.3m 0.08% Reduced -300.1k -300,065
46 HBW ADVISORY SERVICES LLC 2.99% of their portfolio SIMI VALLEY, CA 230,500230.5k $27.5m $27.5m 2.99% Added +1.1k +1,095
47 Advance Capital Management, Inc. 1.17% of their portfolio SOUTHFIELD, MI 230,374230.4k $27.5m $27.5m 1.17% Added +4.2k +4,181
48 Insight Wealth Strategies, LLC 3.06% of their portfolio SAN RAMON, CA 223,586223.6k $26.7m $26.7m 3.06% Added +3.8k +3,818
49 Seros Financial, LLC 15.64% of their portfolio TEMPE, AZ 223,525223.5k $26.7m $26.7m 15.64% Added +22.1k +22,121
50 FISCHER INVESTMENT STRATEGIES, LLC 14.00% of their portfolio Westlake Village, CA 201,388201.4k $24.0m $24.0m 14.00% Reduced -53.2k -53,156
51 Whitaker-Myers Wealth Managers, LTD. 5.01% of their portfolio Mansfield, OH 201,238201.2k $24.0m $24.0m 5.01% Reduced -7.0k -7,046
52 Stratos Wealth Partners, LTD. 0.27% of their portfolio BEACHWOOD, OH 199,635199.6k $23.8m $23.8m 0.27% Added +34.6k +34,584
53 Goldstein Advisors, LLC 2.64% of their portfolio Madison, WI 194,548194.5k $23.2m $23.2m 2.64% Added +93.3k +93,342
54 Perigon Wealth Management, LLC 0.37% of their portfolio SAN FRANCISCO, CA 173,674173.7k $20.7m $20.7m 0.37% Added +67.3k +67,346
55 Orion Porfolio Solutions, LLC 0.15% of their portfolio OMAHA, NE 173,491173.5k $20.7m $20.7m 0.15% Reduced -211.4k -211,414
56 CreativeOne Wealth, LLC 0.49% of their portfolio OVERLAND PARK, KS 170,165170.2k $20.3m $20.3m 0.49% Added +49.8k +49,819
57 Oxford Wealth Group, LLC 9.80% of their portfolio ORLANDO, FL 168,947168.9k $20.2m $20.2m 9.80% First filing
58 NRI Wealth Management LC 10.14% of their portfolio SANTA CLARA, CA 166,619166.6k $19.9m $19.9m 10.14% Added +2.8k +2,771
59 AXXCESS WEALTH MANAGEMENT, LLC 0.35% of their portfolio CARLSBAD, CA 166,557166.6k $19.9m $19.9m 0.35% Added +15.7k +15,724
60 Concurrent Investment Advisors, LLC 0.22% of their portfolio Tampa, FL 162,175162.2k $19.4m $19.4m 0.22% Added +23.5k +23,531
61 Bull Oak Capital, LLC 7.70% of their portfolio RANCHO SANTA FE, CA 157,953158.0k $18.8m $18.8m 7.70% Added +9.9k +9,858
62 Brookstone Capital Management 0.21% of their portfolio WHEATON, IL 156,955157.0k $18.7m $18.7m 0.21% Reduced -38.8k -38,793
63 RFG Advisory, LLC 0.35% of their portfolio BIRMINGHAM, AL 156,241156.2k $18.6m $18.6m 0.35% Added +29.9k +29,887
64 THOROUGHBRED FINANCIAL SERVICES, LLC 1.05% of their portfolio BRENTWOOD, TN 148,367148.4k $17.7m $17.7m 1.05% Added +90.8k +90,790
65 Federation des caisses Desjardins du Quebec 0.07% of their portfolio LEVIS, A8 146,851146.9k $17.5m $17.5m 0.07% Added +4.8k +4,759
66 Altus Wealth Group LLC 6.92% of their portfolio COLORADO SPRINGS, CO 145,039145.0k $17.3m $17.3m 6.92% Added +7.3k +7,296
67 CAPSTONE WEALTH MANAGEMENT GROUP, LLC 7.15% of their portfolio DUNMORE, PA 142,945142.9k $17.1m $17.1m 7.15% Added +1.9k +1,898
68 ADAPT WEALTH ADVISORS, LLC 5.84% of their portfolio ATLANTA, GA 142,368142.4k $17.0m $17.0m 5.84% Added +32.8k +32,798
69 Trilogy Capital Inc. 0.74% of their portfolio IRVINE, CA 138,499138.5k $16.5m $16.5m 0.74% Reduced -11.1k -11,143
70 MERCER GLOBAL ADVISORS INC /ADV 0.02% of their portfolio DENVER, CO 136,420136.4k $16.3m $16.3m 0.02% Added +113.3k +113,270
71 NewEdge Advisors, LLC 0.06% of their portfolio NEW ORLEANS, LA 136,247136.2k $16.3m $16.3m 0.06% Added +86.0k +86,042
72 Fortis Group Advisors, LLC 2.71% of their portfolio WESTWOOD, NJ 134,655134.7k $16.1m $16.1m 2.71% Reduced -95.9k -95,855
73 LEGACY CAPITAL WEALTH MANAGEMENT, LLC 9.70% of their portfolio THE WOODLANDS, TX 134,135134.1k $16.0m $16.0m 9.70% First filing
74 CFS Investment Advisory Services, LLC 1.13% of their portfolio TOTOWA, NJ 129,902129.9k $15.5m $15.5m 1.13% Added +51.7k +51,726
75 PARK AVENUE SECURITIES LLC 0.13% of their portfolio NEW YORK, NY 129,280129.3k $15.4m $15.4m 0.13% Reduced -8.0k -7,993
76 Financial Enhancement Group LLC 1.98% of their portfolio ANDERSON, IN 129,039129.0k $15.2m $15.2m 1.98% Added +8.4k +8,369
77 Modern Wealth Management, LLC 0.28% of their portfolio KANSAS CITY, MO 128,596128.6k $15.3m $15.3m 0.28% New
78 INTEGRITY ALLIANCE, LLC. 0.56% of their portfolio Urbandale, IA 128,312128.3k $15.3m $15.3m 0.56% Added +10.7k +10,660
79 JTC Employer Solutions Trustee Ltd 1.01% of their portfolio ST HELIER, Y9 126,800126.8k $14.9m $14.9m 1.01% Added +41.3k +41,300
80 SIERRA OCEAN, LLC 12.40% of their portfolio RIPON, CA 125,531125.5k $15.0m $15.0m 12.40% Added +4.7k +4,707
81 KWB Wealth 1.41% of their portfolio REDLANDS, CA 125,125125.1k $14.9m $14.9m 1.41% Added +60.6k +60,632
82 Able Wealth Management LLC 4.54% of their portfolio Toms River, NJ 120,379120.4k $14.4m $14.4m 4.54% Added +13.9k +13,883
83 Mason & Associates Inc 2.69% of their portfolio LOS ANGELES, CA 119,601119.6k $14.3m $14.3m 2.69% New
84 Atria Investments, Inc 0.16% of their portfolio Charlotte, NC 117,647117.6k $14.0m $14.0m 0.16% Reduced -8.3k -8,348
85 Venture Visionary Partners LLC 0.46% of their portfolio Sylvania, OH 117,297117.3k $14.1m $14.1m 0.46% Added +1.9k +1,883
86 MANCHESTER FINANCIAL INC 2.54% of their portfolio Westlake Village, CA 113,990114.0k $13.6m $13.6m 2.54% Added +20.6k +20,649
87 Green Ridge Wealth Planning LLC 6.94% of their portfolio MONTVILLE, NJ 113,810113.8k $13.6m $13.6m 6.94% First filing
88 Steward Partners Investment Advisory, LLC 0.07% of their portfolio STAMFORD, CT 112,936112.9k $13.5m $13.5m 0.07% Added +21.6k +21,622
89 Triad Wealth Partners, LLC 1.25% of their portfolio LAWRENCE, KS 109,907109.9k $13.1m $13.1m 1.25% Added +54.8k +54,807
90 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 109,876109.9k $13.1m $13.1m 0.02% Reduced -3.0k -3,007
91 HARBOUR INVESTMENTS, INC. 0.26% of their portfolio MADISON, WI 107,998108.0k $12.9m $12.9m 0.26% Reduced -9.9k -9,915
92 Summit Financial, LLC 0.19% of their portfolio PARSIPPANY, NJ 106,618106.6k $12.7m $12.7m 0.19% Reduced -852 -852
93 Dynamic Advisor Solutions LLC 0.41% of their portfolio PHOENIX, AZ 106,101106.1k $12.7m $12.7m 0.41% Added +57.1k +57,149
94 Horst & Graben Wealth Management LLC 1.83% of their portfolio PORTLAND, OR 101,438101.4k $12.1m $12.1m 1.83% Added +34.8k +34,785
95 Redhawk Wealth Advisors, Inc. 1.34% of their portfolio MINNEAPOLIS, MN 100,162100.2k $12.0m $12.0m 1.34% Reduced -316.9k -316,930
96 Mutual Advisors, LLC 0.25% of their portfolio OMAHA, NE 99,49099.5k $11.9m $11.9m 0.25% Added +7.1k +7,066
97 Clear Creek Financial Management, LLC 0.97% of their portfolio SILVERDALE, WA 99,19599.2k $11.8m $11.8m 0.97% Added +23.6k +23,554
98 Physician Wealth Advisors, Inc. 1.64% of their portfolio MIDVALE, UT 99,07499.1k $11.8m $11.8m 1.64% Added +37.4k +37,352
99 Chicago Partners Investment Group LLC 0.28% of their portfolio CHICAGO, IL 96,40996.4k $11.4m $11.4m 0.28% Added +20.3k +20,269
100 Janney Montgomery Scott LLC 0.03% of their portfolio PHILADELPHIA, PA 92,10092.1k $11.0m $11.0m 0.03% Added +11.4k +11,408