Vault-13

INVESCO EXCH TRADED FD TR II PGX

PFD ETF · ETP · CUSIP 46138E511

426 institutional holders +20 vs Q3 2025
191,750,842191.8m shares reported held*
$2.2bnreported value*
50 new 114 added 156 reduced 44 sold out net bought ≈ $244.1m (+22.1m 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 ($11.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $11.34.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 478Q4 22: 498Q1 23: 473Q2 23: 481Q3 23: 480Q4 23: 496Q1 24: 492Q2 24: 470Q3 24: 469Q4 24: 478Q1 25: 453Q2 25: 432Q3 25: 406Q4 25: 426426Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022478
Q4 2022498
Q1 2023473
Q2 2023481
Q3 2023480
Q4 2023496
Q1 2024492
Q2 2024470
Q3 2024469
Q4 2024478
Q1 2025453
Q2 2025432
Q3 2025406
Q4 2025426

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 24: 199 bought or addedQ1 24: 231 cut or sold outQ2 24: 166 bought or addedQ2 24: 243 cut or sold outQ2 24Q3 24: 191 bought or addedQ3 24: 213 cut or sold outQ4 24: 183 bought or addedQ4 24: 217 cut or sold outQ4 24Q1 25: 167 bought or addedQ1 25: 233 cut or sold outQ2 25: 154 bought or addedQ2 25: 240 cut or sold outQ2 25Q3 25: 149 bought or addedQ3 25: 205 cut or sold outQ4 25: 164 bought or addedQ4 25: 200 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024199231
Q2 2024166243
Q3 2024191213
Q4 2024183217
Q1 2025167233
Q2 2025154240
Q3 2025149205
Q4 2025164200

Calls vs puts

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

CallsPuts
$0$200k$400k$600kQ1 25 calls: $444.3kQ1 25 puts: $479.1kQ1 25P/C 1.08Q2 25 calls: $347.3kQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —
Numbers
QuarterCallsPutsP/C
Q1 2025$444.3k$479.1k1.08
Q2 2025$347.3k$00.00
Q3 2025$0$0—
Q4 2025$0$0—

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +12,475,753+12.5m
Bramshill Investments, LLC New +7,321,189+7.3m
COHEN & STEERS, INC. Added +2,049,049+2.0m
FIRST TRUST ADVISORS LP New +1,966,427+2.0m
Spectrum Asset Management, Inc. Added +1,739,156+1.7m
UBS Group AG Added +1,300,981+1.3m
STONEBRIDGE ADVISORS LLC Added +751,113+751.1k
Trinity Legacy Partners, LLC Added +699,756+699.8k
WELLS FARGO & COMPANY/MN Added +625,748+625.7k
PRINCIPAL FINANCIAL GROUP INC New +570,695+570.7k

Biggest sellers

JPMORGAN CHASE & CO Reduced -3,565,633-3.6m
GOLDMAN SACHS GROUP INC Reduced -992,000-992.0k
LPL Financial LLC Reduced -786,747-786.7k
MORGAN STANLEY Reduced -573,619-573.6k
Advisors Preferred, LLC Sold out -547,692-547.7k
Sanctuary Advisors, LLC Reduced -454,834-454.8k
SG Americas Securities, LLC Sold out -382,831-382.8k
OSAIC HOLDINGS, INC. Reduced -367,314-367.3k
Creative Planning Reduced -362,243-362.2k
Harfst & Associates, Inc. Sold out -306,267-306.3k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.06% of their portfolio CHARLOTTE, NC 78,449,39978.4m $881.8m $881.8m 0.06% Added +12.5m +12,475,753
2 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 15,374,52815.4m $172.8m $172.8m 0.03% Added +625.7k +625,748
3 Bramshill Investments, LLC 4.65% of their portfolio NAPLES, FL 7,321,1897.3m $82.3m $82.3m 4.65% New
4 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 7,271,2627.3m $81.7m $81.7m 0.00% Reduced -573.6k -573,619
5 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 5,725,6675.7m $64.4m $64.4m 0.02% Reduced -786.7k -786,747
6 Spectrum Asset Management, Inc. 75.99% of their portfolio STAMFORD, CT 5,372,4265.4m $60.4m $60.4m 75.99% Added +1.7m +1,739,156
7 UBS Group AG 0.01% of their portfolio ZURICH, V8 5,345,5705.3m $60.1m $60.1m 0.01% Added +1.3m +1,300,981
8 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 5,308,4935.3m $59.7m $59.7m 0.00% Reduced -3.6m -3,565,633
9 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 4,140,8784.1m $46.5m $46.5m 0.01% Added +63.0k +63,043
10 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 3,722,2163.7m $41.8m $41.8m 0.01% Added +473.4k +473,428
11 BESSEMER GROUP INC 0.06% of their portfolio WOODBRIDGE, NJ 3,482,7183.5m $39.1m $39.1m 0.06% Unchanged
12 Allworth Financial LP 0.15% of their portfolio FOLSOM, CA 3,194,4483.2m $35.9m $35.9m 0.15% Added +144.4k +144,402
13 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 2,710,6042.7m $30.5m $30.5m 0.01% Reduced -190.8k -190,805
14 COHEN & STEERS, INC. 0.04% of their portfolio NEW YORK, NY 2,157,9352.2m $24.3m $24.3m 0.04% Added +2.0m +2,049,049
15 FIRST TRUST ADVISORS LP 0.02% of their portfolio Wheaton, IL 1,966,4272.0m $22.1m $22.1m 0.02% New
16 Clearstead Advisors, LLC 0.24% of their portfolio CLEVELAND, OH 1,682,9901.7m $18.9m $18.9m 0.24% Added +466.5k +466,546
17 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 1,349,7761.3m $15.2m $15.2m 0.02% Reduced -367.3k -367,314
18 Checchi Capital Advisers, LLC 1.03% of their portfolio BEVERLY HILLS, CA 1,345,6191.3m $15.1m $15.1m 1.03% Reduced -205.3k -205,288
19 HUNTINGTON NATIONAL BANK 0.09% of their portfolio COLUMBUS, OH 1,279,6481.3m $14.4m $14.4m 0.09% Reduced -52.3k -52,327
20 Mader & Shannon Wealth Management, Inc. 7.08% of their portfolio KANSAS CITY, MO 1,245,5611.2m $14.4m $14.4m 7.08% Unchanged
21 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 1,235,5571.2m $13.9m $13.9m 0.02% Reduced -76.7k -76,672
22 CARY STREET PARTNERS FINANCIAL LLC 0.30% of their portfolio RICHMOND, VA 1,065,9011.1m $12.0m $12.0m 0.30% Reduced -26.5k -26,513
23 Private Advisor Group, LLC 0.05% of their portfolio MORRISTOWN, NJ 953,170953.2k $10.7m $10.7m 0.05% Added +50.1k +50,108
24 MAI Capital Management 0.06% of their portfolio INDEPENDENCE, OH 919,286919.3k $10.3m $10.3m 0.06% Added +38.0k +38,003
25 STONEBRIDGE ADVISORS LLC 4.88% of their portfolio WILTON, CT 792,408792.4k $8.9m $8.9m 4.88% Added +751.1k +751,113
26 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 776,026776.0k $8.7m $8.7m 0.00% Reduced -20.5k -20,499
27 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 758,057758.1k $8.5m $8.5m 0.02% Reduced -55.9k -55,853
28 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 752,227752.2k $8.5m $8.5m 0.02% Reduced -36.9k -36,896
29 Trinity Legacy Partners, LLC 1.85% of their portfolio HOUSTON, TX 717,856717.9k $8.1m $8.1m 1.85% Added +699.8k +699,756
30 Prairiewood Capital, LLC 2.29% of their portfolio FARGO, ND 655,646655.6k $7.4m $7.4m 2.29% Added +624 +624
31 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 604,249604.2k $6.8m $6.8m 0.00% Reduced -55.9k -55,869
32 FIRST NATIONAL BANK & TRUST CO OF NEWTOWN 1.24% of their portfolio NEWTOWN, PA 602,400602.4k $6.8m $6.8m 1.24% Reduced -32.2k -32,180
33 Quadrature Capital Ltd 0.07% of their portfolio LONDON, X0 600,848600.8k $6.8m $6.8m 0.07% Added +467.2k +467,219
34 Manske Wealth Management 1.96% of their portfolio HOUSTON, TX 590,010590.0k $6.6m $6.6m 1.96% Reduced -6.0k -6,035
35 Intrepid Financial Planning Group LLC 2.52% of their portfolio CARMEL, IN 589,411589.4k $6.6m $6.6m 2.52% Reduced -102.7k -102,682
36 PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio DES MOINES, IA 570,695570.7k $6.4m $6.4m 0.00% New
37 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 564,536564.5k $6.3m $6.3m 0.01% Reduced -38.4k -38,373
38 Investors Research Corp 1.11% of their portfolio ATLANTA, GA 540,521540.5k $6.1m $6.1m 1.11% Added +32.3k +32,282
39 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 540,225540.2k $6.1m $6.1m 0.01% Added +36.0k +35,981
40 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 519,677519.7k $5.8m $5.8m 0.01% Reduced -15.8k -15,810
41 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 516,960517.0k $5.8m $5.8m 0.00% Reduced -362.2k -362,243
42 McAdam, LLC 0.24% of their portfolio Philadelphia, PA 470,500470.5k $5.3m $5.3m 0.24% Added +3.3k +3,337
43 Sound Income Strategies, LLC 0.25% of their portfolio FT LAUDERDALE, FL 463,329463.3k $5.3m $5.3m 0.25% Added +32.4k +32,385
44 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 443,273443.3k $5.0m $5.0m 0.01% Reduced -20.9k -20,853
45 PLIMOTH TRUST CO LLC 1.10% of their portfolio SWANSEA, MA 439,745439.7k $4.9m $4.9m 1.10% Reduced -19.9k -19,925
46 NOESIS CAPITAL MANGEMENT CORP 0.66% of their portfolio BOCA RATON, FL 406,916406.9k $4.6m $4.6m 0.66% Added +279 +279
47 Arkos Global Advisors 0.58% of their portfolio HOUSTON, TX 402,698402.7k $4.5m $4.5m 0.58% Reduced -49.7k -49,663
48 Field & Main Bank 1.28% of their portfolio HENDERSON, KY 396,015396.0k $4.5m $4.5m 1.28% Reduced -16.2k -16,218
49 Focus Partners Wealth 0.01% of their portfolio ST LOUIS, MO 385,159385.2k $4.4m $4.4m 0.01% Reduced -37.8k -37,780
50 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 383,145383.1k $4.3m $4.3m 0.00% Reduced -6.6k -6,586
51 Integrated Wealth Concepts LLC 0.05% of their portfolio WALTHAM, MA 381,129381.1k $4.3m $4.3m 0.05% Reduced -66.5k -66,468
52 Geneos Wealth Management Inc. 0.10% of their portfolio ENGLEWOOD, CO 360,831360.8k $4.1m $4.1m 0.10% Reduced -8.5k -8,463
53 BLAIR WILLIAM & CO/IL 0.01% of their portfolio CHICAGO, IL 348,977349.0k $3.9m $3.9m 0.01% Reduced -61.1k -61,053
54 Compass Financial Group, Inc. (Ohio) 2.76% of their portfolio DUBLIN, OH 335,068335.1k $3.8m $3.8m 2.76% First filing
55 Baker Avenue Asset Management, LP 0.08% of their portfolio SAN FRANCISCO, CA 297,672297.7k $3.3m $3.3m 0.08% Added +25.7k +25,692
56 Cordoba Advisory Partners LLC 0.81% of their portfolio NEW YORK, NY 292,922292.9k $3.3m $3.3m 0.81% First filing
57 TRANSATLANTIQUE PRIVATE WEALTH LLC 0.95% of their portfolio NEW YORK, NY 270,002270.0k $3.0m $3.0m 0.95% Added +51.3k +51,310
58 FIRST HAWAIIAN BANK 0.39% of their portfolio HONOLULU, HI 262,511262.5k $3.0m $3.0m 0.39% Added +15.2k +15,173
59 KCM INVESTMENT ADVISORS LLC 0.09% of their portfolio GREENBRAE, CA 257,166257.2k $2.9m $2.9m 0.09% Reduced -7.6k -7,647
60 Charles Schwab Trust Co 0.18% of their portfolio HENDERSON, NV 241,023241.0k $2.7m $2.7m 0.18% Reduced -3.1k -3,138
61 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 223,706223.7k $2.5m $2.5m 0.01% Added +31.7k +31,730
62 Marex Group Ltd 0.03% of their portfolio London, X0 220,021220.0k $2.5m $2.5m 0.03% New
63 PRUDENTIAL FINANCIAL INC 0.00% of their portfolio NEWARK, NJ 219,094219.1k $2.5m $2.5m 0.00% Added +11.7k +11,745
64 Global Retirement Partners, LLC 0.04% of their portfolio San Rafael, CA 217,238217.2k $2.4m $2.4m 0.04% Reduced -72.3k -72,309
65 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 215,753215.8k $2.4m $2.4m 0.01% Added +10.3k +10,325
66 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 214,804214.8k $2.4m $2.4m 0.00% Added +143.4k +143,376
67 First PREMIER Bank 0.55% of their portfolio SIOUX FALLS, SD 213,158213.2k $2.4m $2.4m 0.55% Reduced -31.0k -31,023
68 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 204,352204.4k $2.3m $2.3m 0.00% New
69 HBK Sorce Advisory LLC 0.05% of their portfolio ERIE, PA 204,008204.0k $2.3m $2.3m 0.05% Added +19.0k +18,991
70 World Investment Advisors 0.04% of their portfolio LINCROFT, NJ 200,697200.7k $2.3m $2.3m 0.04% Added +8.6k +8,570
71 KG Capital Management 0.58% of their portfolio ST. FRANCISVILLE, LA 198,892198.9k $2.2m $2.2m 0.58% Added +1.1k +1,068
72 STEPHENS INC /AR/ 0.03% of their portfolio LITTLE ROCK, AR 196,253196.3k $2.2m $2.2m 0.03% Reduced -10.0k -9,970
73 WHITE PINE CAPITAL LLC 0.61% of their portfolio BLOOMINGTON, MN 196,216196.2k $2.2m $2.2m 0.61% Added +5.8k +5,756
74 Gotham Asset Management, LLC 0.01% of their portfolio NEW YORK, NY 181,647181.6k $2.0m $2.0m 0.01% Added +59.5k +59,491
75 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 177,259177.3k $2.0m $2.0m 0.01% Reduced -29.7k -29,712
76 Avantax Planning Partners, Inc. 0.05% of their portfolio DUBUQUE, IA 170,293170.3k $1.9m $1.9m 0.05% Reduced -4.4k -4,449
77 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 168,301168.3k $1.9m $1.9m 0.00% Reduced -4.5k -4,474
78 COMERICA BANK 0.01% of their portfolio DALLAS, TX 167,288167.3k $1.9m $1.9m 0.01% Added +36.2k +36,205
79 FIDUCIARY ADVISORS, INC. 1.41% of their portfolio ST. LOUIS, MO 164,470164.5k $1.8m $1.8m 1.41% Reduced -5.9k -5,895
80 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 163,936163.9k $1.8m $1.8m 0.00% Reduced -3.9k -3,932
81 GeoWealth Management, LLC 0.07% of their portfolio CHICAGO, IL 161,971162.0k $1.8m $1.8m 0.07% New
82 GC Wealth Management RIA, LLC 0.07% of their portfolio Cambridge, MA 161,799161.8k $1.8m $1.8m 0.07% New
83 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 158,704158.7k $1.8m $1.8m 0.01% Reduced -5.0k -4,985
84 Buck Wealth Strategies, LLC 0.23% of their portfolio DENVER, CO 158,529158.5k $1.8m $1.8m 0.23% Added +145.0k +144,973
85 SHEPHERD KAPLAN KROCHUK, LLC 1.45% of their portfolio Boston, MA 155,834155.8k $1.8m $1.8m 1.45% Added +2.7k +2,708
86 IFP Advisors, Inc 0.04% of their portfolio TAMPA, FL 154,907154.9k $1.7m $1.7m 0.04% Reduced -46.6k -46,578
87 BRIGHTON SECURITIES CORP. 0.85% of their portfolio ROCHESTER, NY 153,110153.1k $1.7m $1.7m 0.85% Reduced -3.3k -3,343
88 PURSUIT WEALTH STRATEGIES, LLC 2.35% of their portfolio RALEIGH, NC 149,315149.3k $1.7m $1.7m 2.35% First filing
89 GUGGENHEIM CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 148,268148.3k $1.7m $1.7m 0.01% Added +10.2k +10,179
90 ALBION FINANCIAL GROUP /UT 0.10% of their portfolio SALT LAKE CITY, UT 140,387140.4k $1.6m $1.6m 0.10% Reduced -23.8k -23,767
91 NewSquare Capital LLC 0.14% of their portfolio NEWTOWN SQUARE, PA 136,571136.6k $1.5m $1.5m 0.14% Reduced -10.7k -10,746
92 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 129,825129.8k $1.5m $1.5m 0.00% Added +2.1k +2,091
93 Tudor Financial Inc. 0.74% of their portfolio DAYTON, OH 128,005128.0k $1.4m $1.4m 0.74% Added +9.3k +9,280
94 PRINCIPAL SECURITIES, INC. 0.02% of their portfolio DES MOINES, IA 126,117126.1k $1.4m $1.4m 0.02% Reduced -3.7k -3,670
95 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 121,568121.6k $1.4m $1.4m 0.00% Reduced -18.3k -18,303
96 IBEX WEALTH ADVISORS 0.13% of their portfolio BEDMINSTER, NJ 120,188120.2k $1.4m $1.4m 0.13% Reduced -9.8k -9,775
97 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 119,993120.0k $1.3m $1.3m 0.00% Reduced -18.5k -18,510
98 Jackson, Grant Investment Advisers, Inc. 0.43% of their portfolio STAMFORD, CT 116,840116.8k $1.3m $1.3m 0.43% Added +70.8k +70,847
99 Independent Wealth Network Inc. 0.39% of their portfolio URBANDALE, IA 112,683112.7k $1.3m $1.3m 0.39% Reduced -196 -196
100 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 110,693110.7k $1.2m $1.2m 0.00% Reduced -14.8k -14,813