Vault-13

INVESCO EXCH TRADED FD TR II SPHD

S&P500 HDL VOL · ETP · CUSIP 46138E362

348 institutional holders +7 vs Q4 2025
22,420,04522.4m shares reported held*
$1.1bnreported value*
37 new 131 added 100 reduced 27 sold out net bought ≈ $91.1m (+1.6m 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 ($457.2k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $49.62. Options: 3 managers hold calls ($1.9m notional), 3 hold puts ($1.8m).

Trends to Q1 2026

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: 343Q3 25: 335Q4 25: 341Q1 26: 348348Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q3 2025335
Q4 2025341
Q1 2026348

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 24: 114 bought or addedQ2 24: 144 cut or sold outQ3 24: 167 bought or addedQ3 24: 118 cut or sold outQ3 24Q4 24: 161 bought or addedQ4 24: 127 cut or sold outQ1 25: 166 bought or addedQ1 25: 144 cut or sold outQ1 25Q2 25: 146 bought or addedQ2 25: 148 cut or sold outQ3 25: 147 bought or addedQ3 25: 141 cut or sold outQ3 25Q4 25: 139 bought or addedQ4 25: 137 cut or sold outQ1 26: 168 bought or addedQ1 26: 127 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024114144
Q3 2024167118
Q4 2024161127
Q1 2025166144
Q2 2025146148
Q3 2025147141
Q4 2025139137
Q1 2026168127

Calls vs puts

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

CallsPuts
$0$1m$2m$3mQ2 25 calls: $1.6mQ2 25 puts: $1.1mQ2 25P/C 0.71Q3 25 calls: $1.3mQ3 25 puts: $459.9kQ3 25P/C 0.34Q4 25 calls: $2.0mQ4 25 puts: $643.2kQ4 25P/C 0.31Q1 26 calls: $1.9mQ1 26 puts: $1.8mQ1 26P/C 0.94
Numbers
QuarterCallsPutsP/C
Q2 2025$1.6m$1.1m0.71
Q3 2025$1.3m$459.9k0.34
Q4 2025$2.0m$643.2k0.31
Q1 2026$1.9m$1.8m0.94

Biggest buyers

Brookstone Capital Management Added +1,994,704+2.0m
JPMORGAN CHASE & CO Added +393,168+393.2k
Estate Counselors, LLC New +123,070+123.1k
TWO SIGMA INVESTMENTS, LP Added +110,600+110.6k
FLOW TRADERS U.S. LLC Added +98,943+98.9k
LPL Financial LLC Added +88,501+88.5k
FLAGSHIP HARBOR ADVISORS, LLC Added +88,207+88.2k
Advisor OS, LLC New +73,321+73.3k
Chris Bulman Inc New +73,280+73.3k
Fortune Financial Group, Inc. Added +71,531+71.5k

Biggest sellers

STIFEL FINANCIAL CORP Reduced -421,288-421.3k
TLS Advisors LLC Sold out -250,185-250.2k
BTS Asset Management, Inc. Sold out -180,649-180.6k
Foguth Wealth Management, LLC. Reduced -164,655-164.7k
MORGAN STANLEY Reduced -140,763-140.8k
SteelPeak Wealth, LLC Reduced -131,521-131.5k
WELLS FARGO & COMPANY/MN Reduced -124,231-124.2k
FRANKLIN RESOURCES INC Reduced -100,280-100.3k
Jump Financial, LLC Sold out -98,558-98.6k
Arete Wealth Advisors, LLC Sold out -73,205-73.2k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Unchanged $992.2k20.0k shares
CITADEL ADVISORS LLC Reduced $590.4k11.9k shares
JANE STREET GROUP, LLC Reduced $357.2k7.2k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $902.9k18.2k shares
CITADEL ADVISORS LLC Added $496.1k10.0k shares
JANE STREET GROUP, LLC New $421.7k8.5k 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, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 2,188,8632.2m $108.6m $108.6m 0.03% Added +88.5k +88,501
2 Brookstone Capital Management 1.20% of their portfolio WHEATON, IL 2,113,6282.1m $104.9m $104.9m 1.20% Added +2.0m +1,994,704
3 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 2,045,8722.0m $101.5m $101.5m 0.01% Reduced -140.8k -140,763
4 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,317,7281.3m $65.4m $65.4m 0.00% Added +32.3k +32,306
5 Financial Engines Advisors L.L.C. 0.09% of their portfolio SANTA CLARA, CA 889,433889.4k $44.1m $44.1m 0.09% Reduced -25.4k -25,378
6 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 705,051705.1k $35.0m $35.0m 0.01% Added +20.1k +20,101
7 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 652,323652.3k $32.4m $32.4m 0.01% Reduced -17.2k -17,215
8 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 592,662592.7k $29.2m $29.2m 0.00% Added +393.2k +393,168
9 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 558,629558.6k $27.7m $27.7m 0.01% Reduced -100.3k -100,280
10 UBS Group AG 0.00% of their portfolio ZURICH, V8 557,549557.5k $27.7m $27.7m 0.00% Added +43.4k +43,353
11 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 519,027519.0k $25.7m $25.7m 0.01% Reduced -124.2k -124,231
12 Avidian Wealth Enterprises, LLC 0.74% of their portfolio Houston, TX 468,957469.0k $23.3m $23.3m 0.74% Added +4.0k +3,985
13 Private Advisor Group, LLC 0.08% of their portfolio MORRISTOWN, NJ 362,812362.8k $18.0m $18.0m 0.08% Added +39.2k +39,223
14 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 346,388346.4k $17.2m $17.2m 0.00% Added +3.4k +3,364
15 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 281,621281.6k $14.0m $14.0m 0.01% Added +14.7k +14,700
16 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 281,342281.3k $14.0m $14.0m 0.00% Added +6.0k +5,967
17 FMR LLC 0.00% of their portfolio BOSTON, MA 271,534271.5k $13.5m $13.5m 0.00% Reduced -6.4k -6,445
18 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 265,749265.7k $13.2m $13.2m 0.01% Added +7.1k +7,070
19 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 238,032238.0k $11.8m $11.8m 0.02% Reduced -9.7k -9,691
20 Janney Montgomery Scott LLC 0.03% of their portfolio PHILADELPHIA, PA 231,627231.6k $11.5m $11.5m 0.03% Added +64.1k +64,095
21 XML Financial, LLC 0.90% of their portfolio BETHESDA, MD 224,691224.7k $11.1m $11.1m 0.90% Added +24.7k +24,690
22 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 210,964211.0k $10.4m $10.4m 0.00% Added +75 +75
23 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 205,737205.7k $10.2m $10.2m 0.01% Reduced -421.3k -421,288
24 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 202,974203.0k $10.1m $10.1m 0.03% Added +2.7k +2,716
25 CWM, LLC 0.03% of their portfolio OMAHA, NE 201,339201.3k $10.0m $10.0m 0.03% Reduced -35.2k -35,227
26 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 197,300197.3k $9.8m $9.8m 0.01% Reduced -12.2k -12,157
27 Allworth Financial LP 0.04% of their portfolio FOLSOM, CA 182,150182.2k $9.0m $9.0m 0.04% Reduced -5.8k -5,787
28 Leelyn Smith, LLC 1.23% of their portfolio GENEVA, IL 176,553176.6k $8.8m $8.8m 1.23% Added +7.8k +7,757
29 NewEdge Advisors, LLC 0.03% of their portfolio NEW ORLEANS, LA 153,964154.0k $7.6m $7.6m 0.03% Added +33.1k +33,139
30 Fortune Financial Group, Inc. 6.23% of their portfolio NAPLES, FL 139,568139.6k $6.9m $6.9m 6.23% Added +71.5k +71,531
31 Fusion Capital, LLC 1.80% of their portfolio MT. PLEASANT, SC 134,580134.6k $6.7m $6.7m 1.80% Added +7.0k +7,033
32 Northside Capital Management, LLC 0.58% of their portfolio Hood River, OR 132,885132.9k $6.6m $6.6m 0.58% Unchanged
33 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 130,500130.5k $6.5m $6.5m 0.01% Added +110.6k +110,600
34 Fortis Group Advisors, LLC 1.07% of their portfolio WESTWOOD, NJ 128,373128.4k $6.5m $6.5m 1.07% Added +2.0k +2,036
35 Estate Counselors, LLC 0.54% of their portfolio Thiensville, WI 123,070123.1k $6.1m $6.1m 0.54% New
36 FLOW TRADERS U.S. LLC 0.17% of their portfolio NEW YORK, NY 107,782107.8k $5.3m $5.3m 0.17% Added +98.9k +98,943
37 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 103,672103.7k $5.1m $5.1m 0.01% Reduced -36.5k -36,522
38 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 101,818101.8k $5.1m $5.1m 0.01% Reduced -14.8k -14,794
39 FLAGSHIP HARBOR ADVISORS, LLC 0.22% of their portfolio BOSTON, MA 100,868100.9k $5.0m $5.0m 0.22% Added +88.2k +88,207
40 Equitable Holdings, Inc. 0.03% of their portfolio NEW YORK, NY 96,03096.0k $4.6m $4.6m 0.03% Reduced -43.4k -43,402
41 LMCG INVESTMENTS, LLC 0.27% of their portfolio BOSTON, MA 90,76990.8k $4.5m $4.5m 0.27% Added +15.1k +15,141
42 CreativeOne Wealth, LLC 0.10% of their portfolio OVERLAND PARK, KS 90,07690.1k $4.5m $4.5m 0.10% Reduced -978 -978
43 OPPENHEIMER & CO INC 0.05% of their portfolio NEW YORK, NY 89,72889.7k $4.5m $4.5m 0.05% Added +125 +125
44 Venture Visionary Partners LLC 0.15% of their portfolio Sylvania, OH 89,03389.0k $4.4m $4.4m 0.15% Added +9.6k +9,648
45 Advocate Investing Services LLC 3.72% of their portfolio WOODBINE, MD 88,45788.5k $4.4m $4.4m 3.72% Added +40.4k +40,430
46 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 88,24488.2k $4.4m $4.4m 0.00% Added +5.0k +5,047
47 Clal Insurance Enterprises Holdings Ltd 0.03% of their portfolio Tel-aviv, L3 85,40085.4k $4.2m $4.2m 0.03% Unchanged
48 Delos Wealth Advisors, LLC 2.32% of their portfolio DALLAS, TX 81,79381.8k $4.1m $4.1m 2.32% Added +7.2k +7,158
49 Sanctuary Advisors, LLC 0.02% of their portfolio INDIANAPOLIS, IN 80,67780.7k $4.0m $4.0m 0.02% Reduced -57.3k -57,255
50 Advisor OS, LLC 0.26% of their portfolio CHICAGO, IL 73,32173.3k $3.6m $3.6m 0.26% New
51 Chris Bulman Inc 1.59% of their portfolio ROSEVILLE, CA 73,28073.3k $3.6m $3.6m 1.59% New
52 Lynx Investment Advisory 1.65% of their portfolio WASHINGTON, DC, DC 69,78369.8k $3.5m $3.5m 1.65% Added +25.4k +25,353
53 Prostatis Group LLC 0.84% of their portfolio HANOVER, MD 66,05066.0k $3.3m $3.3m 0.84% Reduced -29.5k -29,475
54 Geneos Wealth Management Inc. 0.08% of their portfolio ENGLEWOOD, CO 65,54465.5k $3.3m $3.3m 0.08% Added +791 +791
55 Capital Investment Advisory Services, LLC 0.24% of their portfolio RALEIGH, NC 65,30265.3k $3.2m $3.2m 0.24% Reduced -10.4k -10,366
56 Pinnacle Wealth Management Group, Inc. 1.47% of their portfolio PLYMOUTH, MI 60,23460.2k $3.0m $3.0m 1.47% Added +2.3k +2,344
57 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 60,00060.0k $3.0m $3.0m 0.01% Added +5.7k +5,734
58 David Kennon Inc 1.03% of their portfolio SARASOTA, FL 57,81757.8k $2.9m $2.9m 1.03% Reduced -527 -527
59 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 55,78855.8k $2.8m $2.8m 0.01% Reduced -1.8k -1,782
60 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 55,02255.0k $2.7m $2.7m 0.00% Added +1.8k +1,781
61 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 54,70554.7k $2.7m $2.7m 0.01% Added +9.3k +9,301
62 Mariner, LLC 0.00% of their portfolio Overland Park, KS 54,07554.1k $2.7m $2.7m 0.00% Reduced -741 -741
63 COOKSON PEIRCE & CO INC 0.11% of their portfolio PITTSBURGH, PA 53,76453.8k $2.7m $2.7m 0.11% Reduced -10.6k -10,587
64 Curran Financial Partners, LLC 0.45% of their portfolio DANIEL ISLAND, SC 50,80150.8k $2.5m $2.5m 0.45% Added +7.1k +7,077
65 WJ Financial Advisors LLC 2.03% of their portfolio KILLINGWORTH, CT 50,75850.8k $2.5m $2.5m 2.03% Added +1.2k +1,215
66 AlphaCore Capital LLC 0.06% of their portfolio LA JOLLA, CA 50,60850.6k $2.5m $2.5m 0.06% Added +40.3k +40,268
67 Stonebridge Wealth Management, LLC 2.35% of their portfolio OAK BROOK, IL 49,48149.5k $2.5m $2.5m 2.35% Reduced -846 -846
68 World Investment Advisors 0.04% of their portfolio LINCROFT, NJ 47,89647.9k $2.4m $2.4m 0.04% Added +625 +625
69 MassMutual Private Wealth & Trust, FSB 0.06% of their portfolio Windsor, CT 45,47745.5k $2.3m $2.3m 0.06% Added +13.3k +13,306
70 Washington Trust Bank 0.16% of their portfolio Spokane, WA 44,62944.6k $2.2m $2.2m 0.16% Added +952 +952
71 Tyche Wealth Partners LLC 0.32% of their portfolio PLANO, TX 41,86741.9k $2.1m $2.1m 0.32% Added +27 +27
72 VIAWEALTH, LLC 1.10% of their portfolio Leawood, KS 39,84739.8k $2.0m $2.0m 1.10% Added +2.8k +2,808
73 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 38,96339.0k $1.9m $1.9m 0.00% Unchanged
74 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 38,67938.7k $1.9m $1.9m 0.00% Added +10.6k +10,612
75 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 38,62438.6k $1.9m $1.9m 0.00% Reduced -5.2k -5,203
76 Park Edge Advisors, LLC 0.41% of their portfolio Cleveland, OH 35,78635.8k $1.8m $1.8m 0.41% Added +1.5k +1,468
77 Waverly Advisors, LLC 0.01% of their portfolio BIRMINGHAM, AL 34,99335.0k $1.7m $1.7m 0.01% Reduced -428 -428
78 Focus Partners Advisor Solutions, LLC 0.02% of their portfolio SAINT LOUIS, MO 34,54534.5k $1.7m $1.7m 0.02% Reduced -3.5k -3,479
79 Financial Solutions Advisory Group, Inc. 0.23% of their portfolio CHICAGO, IL 33,96134.0k $1.7m $1.7m 0.23% First filing
80 Composition Wealth, LLC 0.02% of their portfolio LOS ANGELES, CA 33,22833.2k $1.6m $1.6m 0.02% Added +14.7k +14,746
81 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 33,18633.2k $1.6m $1.6m 0.00% New
82 J.W. COLE ADVISORS, INC. 0.05% of their portfolio TAMPA, FL 32,71432.7k $1.6m $1.6m 0.05% Added +2.8k +2,763
83 Colonial River Investments, LLC 0.57% of their portfolio MIDLOTHIAN, VA 32,28332.3k $1.6m $1.6m 0.57% Added +1.4k +1,382
84 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 32,13432.1k $1.6m $1.6m 0.00% Reduced -788 -788
85 Winter & Associates, Inc. 1.38% of their portfolio ST. PAUL, MN 31,63031.6k $1.6m $1.6m 1.38% Reduced -4.0k -3,999
86 Arkadios Wealth Advisors 0.03% of their portfolio ATLANTA, GA 31,50531.5k $1.6m $1.6m 0.03% Reduced -47 -47
87 Stratos Wealth Partners, LTD. 0.02% of their portfolio BEACHWOOD, OH 31,38631.4k $1.6m $1.6m 0.02% Added +1.2k +1,245
88 Atlas Legacy Advisors, LLC 0.27% of their portfolio LOS ANGELES, CA 30,29230.3k $1.5m $1.5m 0.27% Added +593 +593
89 Ascentis Independent Advisors 0.11% of their portfolio DALLAS, TX 29,88629.9k $1.5m $1.5m 0.11% New
90 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 29,01029.0k $1.4m $1.4m 0.00% Reduced -18.8k -18,826
91 Crescent Grove Advisors, LLC 0.14% of their portfolio LAKE FOREST, IL 28,44728.4k $1.4m $1.4m 0.14% Added +930 +930
92 Brookwood Investment Group LLC 0.17% of their portfolio PHOENIX, AZ 27,65027.6k $1.4m $1.4m 0.17% Added +463 +463
93 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 26,89626.9k $1.3m $1.3m 0.00% Reduced -939 -939
94 RDA Financial Network 0.33% of their portfolio AKRON, IA 26,87226.9k $1.3m $1.3m 0.33% Unchanged
95 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 26,40026.4k $1.3m $1.3m 0.00% Added +569 +569
96 HARBOUR INVESTMENTS, INC. 0.02% of their portfolio MADISON, WI 26,35726.4k $1.3m $1.3m 0.02% Added +21.7k +21,665
97 PRIVATE TRUST CO NA 0.12% of their portfolio CLEVELAND, OH 26,02726.0k $1.3m $1.3m 0.12% Added +100 +100
98 Summit Financial Wealth Advisors, LLC 0.18% of their portfolio Lafayette, LA 25,21025.2k $1.3m $1.3m 0.18% Added +628 +628
99 Triad Wealth Partners, LLC 0.10% of their portfolio LAWRENCE, KS 25,12225.1k $1.2m $1.2m 0.10% Added +18.5k +18,464
100 Concurrent Investment Advisors, LLC 0.01% of their portfolio Tampa, FL 24,83524.8k $1.2m $1.2m 0.01% Added +1.1k +1,142