Vault-13

INVESCO EXCH TRADED FD TR II SPHD

S&P500 HDL VOL · ETP · CUSIP 46138E362

343 institutional holders -9 vs Q1 2025
22,697,31322.7m shares reported held*
$1.1bnreported value*
16 new 130 added 116 reduced 32 sold out net sold ≈ $101.9m (-2.1m 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 ≈ $47.61. Options: 2 managers hold calls ($1.6m notional), 1 hold puts ($1.1m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 309Q4 22: 347Q1 23: 337Q2 23: 320Q3 23: 312Q4 23: 318Q1 24: 310Q2 24: 307Q3 24: 338Q4 24: 363Q1 25: 352Q2 25: 343343Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022309
Q4 2022347
Q1 2023337
Q2 2023320
Q3 2023312
Q4 2023318
Q1 2024310
Q2 2024307
Q3 2024338
Q4 2024363
Q1 2025352
Q2 2025343

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 23: 101 bought or addedQ3 23: 172 cut or sold outQ4 23: 121 bought or addedQ4 23: 158 cut or sold outQ4 23Q1 24: 129 bought or addedQ1 24: 152 cut or sold outQ2 24: 114 bought or addedQ2 24: 144 cut or sold outQ2 24Q3 24: 167 bought or addedQ3 24: 118 cut or sold outQ4 24: 161 bought or addedQ4 24: 127 cut or sold outQ4 24Q1 25: 166 bought or addedQ1 25: 144 cut or sold outQ2 25: 146 bought or addedQ2 25: 148 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023101172
Q4 2023121158
Q1 2024129152
Q2 2024114144
Q3 2024167118
Q4 2024161127
Q1 2025166144
Q2 2025146148

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ3 24 calls: $4.4mQ3 24 puts: $723.2kQ3 24P/C 0.16Q4 24 calls: $2.3mQ4 24 puts: $922.7kQ4 24P/C 0.40Q1 25 calls: $1.7mQ1 25 puts: $1.1mQ1 25P/C 0.64Q2 25 calls: $1.6mQ2 25 puts: $1.1mQ2 25P/C 0.71
Numbers
QuarterCallsPutsP/C
Q3 2024$4.4m$723.2k0.16
Q4 2024$2.3m$922.7k0.40
Q1 2025$1.7m$1.1m0.64
Q2 2025$1.6m$1.1m0.71

Biggest buyers

BTS Asset Management, Inc. New +214,253+214.3k
ROYAL BANK OF CANADA Added +147,295+147.3k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +130,426+130.4k
Foguth Wealth Management, LLC. Added +106,166+106.2k
Signal Advisors Wealth, LLC Added +104,327+104.3k
BNP PARIBAS FINANCIAL MARKETS Added +80,001+80.0k
RAYMOND JAMES FINANCIAL INC Added +70,284+70.3k
ENVESTNET ASSET MANAGEMENT INC Added +66,885+66.9k
Waverly Advisors, LLC Added +54,163+54.2k
JONES FINANCIAL COMPANIES LLLP Added +52,604+52.6k

Biggest sellers

AMERIPRISE FINANCIAL INC Reduced -737,813-737.8k
BARINGS LLC Sold out -376,798-376.8k
LPL Financial LLC Reduced -302,289-302.3k
GOLDMAN SACHS GROUP INC Reduced -301,176-301.2k
FMR LLC Reduced -196,146-196.1k
Prostatis Group LLC Reduced -152,212-152.2k
WESPAC Advisors SoCal, LLC Reduced -146,983-147.0k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -134,528-134.5k
UBS Group AG Reduced -116,229-116.2k
Geneos Wealth Management Inc. Reduced -88,325-88.3k

Biggest calls

CITADEL ADVISORS LLC Added $1.0m21.5k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $580.2k12.2k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.1m23.9k 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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 2,927,4682.9m $139.2m $139.2m 0.01% Added +2.0k +1,966
2 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 2,477,3132.5m $117.8m $117.8m 0.04% Reduced -302.3k -302,289
3 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,299,1801.3m $61.8m $61.8m 0.01% Added +147.3k +147,295
4 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,109,9191.1m $52.8m $52.8m 0.00% Added +3.4k +3,403
5 Financial Engines Advisors L.L.C. 0.09% of their portfolio SANTA CLARA, CA 953,740953.7k $45.4m $45.4m 0.09% Reduced -26.9k -26,859
6 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 755,806755.8k $35.9m $35.9m 0.01% Added +70.3k +70,284
7 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 703,661703.7k $33.5m $33.5m 0.01% Added +36.3k +36,344
8 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 538,628538.6k $25.6m $25.6m 0.01% Reduced -76.5k -76,525
9 UBS Group AG 0.00% of their portfolio ZURICH, V8 499,936499.9k $23.8m $23.8m 0.00% Reduced -116.2k -116,229
10 Avidian Wealth Enterprises, LLC 0.85% of their portfolio Houston, TX 437,540437.5k $20.8m $20.8m 0.85% Added +17.3k +17,288
11 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 401,007401.0k $19.8m $19.8m 0.00% Reduced -737.8k -737,813
12 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 371,209371.2k $17.6m $17.6m 0.01% Added +66.9k +66,885
13 FMR LLC 0.00% of their portfolio BOSTON, MA 348,467348.5k $16.6m $16.6m 0.00% Reduced -196.1k -196,146
14 Equitable Holdings, Inc. 0.12% of their portfolio NEW YORK, NY 318,131318.1k $15.1m $15.1m 0.12% Added +4.9k +4,943
15 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 285,471285.5k $13.6m $13.6m 0.02% Reduced -134.5k -134,528
16 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 263,884263.9k $12.6m $12.6m 0.01% Reduced -43.6k -43,561
17 Private Advisor Group, LLC 0.06% of their portfolio MORRISTOWN, NJ 241,738241.7k $11.5m $11.5m 0.06% Added +49.6k +49,649
18 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 232,329232.3k $11.0m $11.0m 0.01% Reduced -18.3k -18,337
19 Shilanski & Associates, Inc. 3.04% of their portfolio ANCHORAGE, AK 223,369223.4k $10.6m $10.6m 3.04% Added +1.9k +1,851
20 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 222,212222.2k $10.6m $10.6m 0.02% Added +9.8k +9,828
21 JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio DES PERES, MO 219,283219.3k $10.4m $10.4m 0.01% Added +52.6k +52,604
22 BTS Asset Management, Inc. 12.27% of their portfolio Lincoln, MA 214,253214.3k $10.2m $10.2m 12.27% New
23 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 207,929207.9k $9.9m $9.9m 0.00% Reduced -86.4k -86,383
24 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 204,709204.7k $9.7m $9.7m 0.02% Reduced -23.6k -23,637
25 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 202,522202.5k $9.6m $9.6m 0.03% Reduced -11.6k -11,647
26 Allworth Financial LP 0.05% of their portfolio FOLSOM, CA 201,773201.8k $9.6m $9.6m 0.05% Reduced -8.5k -8,538
27 INTRINSIC EDGE CAPITAL MANAGEMENT LLC 1.44% of their portfolio CHICAGO, IL 200,000200.0k $9.5m $9.5m 1.44% Added +50.0k +50,000
28 XML Financial, LLC 0.82% of their portfolio BETHESDA, MD 198,202198.2k $9.4m $9.4m 0.82% Added +3.3k +3,331
29 Janney Montgomery Scott LLC 0.02% of their portfolio PHILADELPHIA, PA 163,751163.8k $7.8m $7.8m 0.02% Reduced -4.3k -4,343
30 Leelyn Smith, LLC 1.25% of their portfolio GENEVA, IL 160,252160.3k $7.6m $7.6m 1.25% Added +4.0k +3,992
31 RETIREMENT FINANCIAL SOLUTIONS, LLC 2.61% of their portfolio KNOXVILLE, TN 155,895155.9k $7.4m $7.4m 2.61% Reduced -791 -791
32 Brookstone Capital Management 0.09% of their portfolio WHEATON, IL 146,762146.8k $7.0m $7.0m 0.09% Reduced -11.3k -11,333
33 Gunma Bank,Ltd. 2.25% of their portfolio GUNMA, M0 145,000145.0k $6.9m $6.9m 2.25% Unchanged
34 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 140,275140.3k $6.7m $6.7m 0.01% Added +130.4k +130,426
35 Northside Capital Management, LLC 0.48% of their portfolio Hood River, OR 132,885132.9k $6.3m $6.3m 0.48% Unchanged
36 Fortis Group Advisors, LLC 1.09% of their portfolio WESTWOOD, NJ 125,770125.8k $6.0m $6.0m 1.09% Added +30.1k +30,131
37 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 124,924124.9k $5.9m $5.9m 0.01% Reduced -11.9k -11,903
38 Fusion Capital, LLC 2.01% of their portfolio MT. PLEASANT, SC 123,321123.3k $5.9m $5.9m 2.01% Added +2.8k +2,803
39 Foguth Wealth Management, LLC. 1.19% of their portfolio BRIGHTON, MI 117,235117.2k $5.6m $5.6m 1.19% Added +106.2k +106,166
40 Signal Advisors Wealth, LLC 0.43% of their portfolio DETROIT, MI 116,096116.1k $5.5m $5.5m 0.43% Added +104.3k +104,327
41 NewEdge Advisors, LLC 0.03% of their portfolio NEW ORLEANS, LA 115,283115.3k $5.5m $5.5m 0.03% Added +1.3k +1,260
42 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 99,28399.3k $4.7m $4.7m 0.00% Reduced -301.2k -301,176
43 Geneos Wealth Management Inc. 0.11% of their portfolio ENGLEWOOD, CO 93,78793.8k $4.5m $4.5m 0.11% Reduced -88.3k -88,325
44 OPPENHEIMER & CO INC 0.06% of their portfolio NEW YORK, NY 93,02593.0k $4.4m $4.4m 0.06% Added +2.2k +2,184
45 Waverly Advisors, LLC 0.05% of their portfolio BIRMINGHAM, AL 92,83792.8k $4.4m $4.4m 0.05% Added +54.2k +54,163
46 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 90,03690.0k $4.3m $4.3m 0.00% Added +80.0k +80,001
47 Sanctuary Advisors, LLC 0.03% of their portfolio INDIANAPOLIS, IN 88,74388.7k $4.2m $4.2m 0.03% Reduced -463 -463
48 Clal Insurance Enterprises Holdings Ltd 0.04% of their portfolio Tel-aviv, L3 85,40085.4k $4.1m $4.1m 0.04% Reduced -36.6k -36,600
49 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 84,67484.7k $4.0m $4.0m 0.00% Reduced -14.8k -14,786
50 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 82,29682.3k $4.0m $4.0m 0.01% Reduced -14.9k -14,930
51 Venture Visionary Partners LLC 0.14% of their portfolio Sylvania, OH 79,38379.4k $3.8m $3.8m 0.14% Added +12 +12
52 Sovran Advisors, LLC 0.38% of their portfolio SAN DIEGO, CA 74,03674.0k $3.6m $3.6m 0.38% Added +1.3k +1,269
53 LMCG INVESTMENTS, LLC 0.22% of their portfolio BOSTON, MA 73,78373.8k $3.5m $3.5m 0.22% Added +8.5k +8,481
54 Capital Investment Advisory Services, LLC 0.29% of their portfolio RALEIGH, NC 73,60073.6k $3.5m $3.5m 0.29% Reduced -153 -153
55 Arete Wealth Advisors, LLC 0.24% of their portfolio CHICAGO, IL 70,28870.3k $3.3m $3.3m 0.24% Added +2.8k +2,764
56 CreativeOne Wealth, LLC 0.09% of their portfolio OVERLAND PARK, KS 68,70068.7k $3.3m $3.3m 0.09% Added +12.2k +12,219
57 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 67,85667.9k $3.2m $3.2m 0.02% Added +2.5k +2,524
58 WESPAC Advisors SoCal, LLC 0.70% of their portfolio Pasadena, CA 65,54265.5k $3.1m $3.1m 0.70% Reduced -147.0k -146,983
59 Delos Wealth Advisors, LLC 2.43% of their portfolio DALLAS, TX 65,40865.4k $3.1m $3.1m 2.43% Reduced -5.1k -5,074
60 Stonebridge Wealth Management, LLC 2.92% of their portfolio OAK BROOK, IL 65,04165.0k $3.1m $3.1m 2.92% First filing
61 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 63,66663.7k $3.0m $3.0m 0.01% Reduced -14.6k -14,641
62 David Kennon Inc 1.11% of their portfolio SARASOTA, FL 62,63262.6k $3.0m $3.0m 1.11% Reduced -1.8k -1,782
63 Alpha Zero LLC 1.93% of their portfolio BOCA RATON, FL 62,41662.4k $3.0m $3.0m 1.93% Reduced -46.8k -46,768
64 COOKSON PEIRCE & CO INC 0.12% of their portfolio PITTSBURGH, PA 59,12759.1k $2.8m $2.8m 0.12% Added +358 +358
65 Mariner, LLC 0.00% of their portfolio Overland Park, KS 58,29758.3k $2.8m $2.8m 0.00% Added +1.3k +1,314
66 LM Advisors LLC 0.34% of their portfolio SAN DIEGO, CA 55,62455.6k $2.6m $2.6m 0.34% Reduced -2.4k -2,398
67 Pinnacle Wealth Management Group, Inc. 1.50% of their portfolio PLYMOUTH, MI 55,17655.2k $2.6m $2.6m 1.50% Added +2.1k +2,093
68 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 46,77246.8k $2.2m $2.2m 0.00% Added +6.4k +6,390
69 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 44,59844.6k $2.1m $2.1m 0.00% Reduced -1.9k -1,873
70 Lynx Investment Advisory 1.38% of their portfolio WASHINGTON, DC, DC 44,56744.6k $2.1m $2.1m 1.38% Added +4.7k +4,692
71 Tyche Wealth Partners LLC 0.41% of their portfolio PLANO, TX 42,75642.8k $2.0m $2.0m 0.41% Reduced -1.9k -1,854
72 Kestra Investment Management, LLC 0.03% of their portfolio AUSTIN, TX 40,56140.6k $2.0m $2.0m 0.03% Reduced -1.5k -1,479
73 Washington Trust Bank 0.16% of their portfolio Spokane, WA 39,74639.7k $1.9m $1.9m 0.16% Added +210 +210
74 AVANTAX ADVISORY SERVICES, INC. 0.01% of their portfolio DALLAS, TX 38,96439.0k $1.9m $1.9m 0.01% Reduced -448 -448
75 Atlas Legacy Advisors, LLC 0.39% of their portfolio LOS ANGELES, CA 37,58237.6k $1.8m $1.8m 0.39% Added +4.0k +4,006
76 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 35,60235.6k $1.7m $1.7m 0.00% Added +446 +446
77 PRIVATE TRUST CO NA 0.16% of their portfolio CLEVELAND, OH 35,49635.5k $1.7m $1.7m 0.16% Reduced -4.3k -4,296
78 GREENBERG FINANCIAL GROUP 0.67% of their portfolio TUCSON, AZ 34,98335.0k $1.8m $1.8m 0.67% Reduced -635 -635
79 Focus Partners Advisor Solutions, LLC 0.02% of their portfolio SAINT LOUIS, MO 34,63134.6k $1.6m $1.6m 0.02% Added +4.3k +4,335
80 MassMutual Private Wealth & Trust, FSB 0.04% of their portfolio Windsor, CT 34,14634.1k $1.6m $1.6m 0.04% Added +1.8k +1,752
81 Concurrent Investment Advisors, LLC 0.03% of their portfolio Tampa, FL 33,07433.1k $1.6m $1.6m 0.03% Added +9.3k +9,344
82 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 32,50932.5k $1.5m $1.5m 0.00% Added +384 +384
83 Curran Financial Partners, LLC 0.32% of their portfolio DANIEL ISLAND, SC 30,56530.6k $1.5m $1.5m 0.32% Added +3.9k +3,931
84 Arkadios Wealth Advisors 0.04% of their portfolio ATLANTA, GA 29,70929.7k $1.4m $1.4m 0.04% Reduced -5.0k -5,034
85 Park Edge Advisors, LLC 0.35% of their portfolio Cleveland, OH 28,69628.7k $1.4m $1.4m 0.35% Reduced -40.6k -40,604
86 PATTEN & PATTEN INC/TN 0.09% of their portfolio CHATTANOOGA, TN 28,65028.6k $1.4m $1.4m 0.09% Reduced -225 -225
87 Stratos Wealth Partners, LTD. 0.02% of their portfolio BEACHWOOD, OH 28,57828.6k $1.4m $1.4m 0.02% Added +1.6k +1,557
88 Brookwood Investment Group LLC 0.22% of their portfolio PHOENIX, AZ 28,28628.3k $1.3m $1.3m 0.22% Reduced -232 -232
89 GTS SECURITIES LLC 0.06% of their portfolio NEW YORK, NY 28,07028.1k $1.3m $1.3m 0.06% New
90 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 27,73227.7k $1.3m $1.3m 0.00% Reduced -2.6k -2,553
91 Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio TOKYO, M0 27,40027.4k $1.3m $1.3m 0.00% Reduced -800 -800
92 D.A. DAVIDSON & CO. 0.01% of their portfolio GREAT FALLS, MT 27,29127.3k $1.3m $1.3m 0.01% Added +733 +733
93 RDA Financial Network 0.35% of their portfolio AKRON, IA 27,21227.2k $1.3m $1.3m 0.35% Unchanged
94 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 26,80926.8k $1.3m $1.3m 0.00% New
95 Perigon Wealth Management, LLC 0.03% of their portfolio SAN FRANCISCO, CA 26,07226.1k $1.2m $1.2m 0.03% Added +1.7k +1,651
96 Patten Group, Inc. 0.25% of their portfolio CHATTANOOGA, TN 25,31225.3k $1.2m $1.2m 0.25% Added +450 +450
97 Summit Financial Wealth Advisors, LLC 0.21% of their portfolio Lafayette, LA 24,57724.6k $1.2m $1.2m 0.21% Added +473 +473
98 Crescent Grove Advisors, LLC 0.11% of their portfolio LAKE FOREST, IL 24,26824.3k $1.2m $1.2m 0.11% Added +13.3k +13,332
99 Colonial River Investments, LLC 0.51% of their portfolio MIDLOTHIAN, VA 24,21024.2k $1.2m $1.2m 0.51% Added +9.2k +9,240
100 Parallel Advisors, LLC 0.02% of their portfolio SAN FRANCISCO, CA 24,18724.2k $1.2m $1.2m 0.02% Added +221 +221