Vault-13

INVESCO EXCH TRADED FD TR II KBWP

KBW PPTY CASUT · ETP · CUSIP 46138E586

71 institutional holders +8 vs Q1 2025
2,626,3442.6m shares reported held*
$322.2mreported value*
16 new 29 added 12 reduced 10 sold out net bought ≈ $84.6m (+688.4k 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 ≈ $122.69. Options: 1 managers hold calls ($233.4k notional), 1 hold puts ($49.1k).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 42Q4 22: 47Q1 23: 54Q2 23: 60Q3 23: 46Q4 23: 54Q1 24: 61Q2 24: 62Q3 24: 69Q4 24: 77Q1 25: 63Q2 25: 7171Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202242
Q4 202247
Q1 202354
Q2 202360
Q3 202346
Q4 202354
Q1 202461
Q2 202462
Q3 202469
Q4 202477
Q1 202563
Q2 202571

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q3 23: 13 bought or addedQ3 23: 42 cut or sold outQ4 23: 31 bought or addedQ4 23: 21 cut or sold outQ4 23Q1 24: 33 bought or addedQ1 24: 24 cut or sold outQ2 24: 32 bought or addedQ2 24: 28 cut or sold outQ2 24Q3 24: 44 bought or addedQ3 24: 26 cut or sold outQ4 24: 43 bought or addedQ4 24: 27 cut or sold outQ4 24Q1 25: 28 bought or addedQ1 25: 43 cut or sold outQ2 25: 45 bought or addedQ2 25: 22 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20231342
Q4 20233121
Q1 20243324
Q2 20243228
Q3 20244426
Q4 20244327
Q1 20252843
Q2 20254522

Calls vs puts

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

CallsPuts
$0$100k$200k$300kQ3 24 calls: $0Q3 24 puts: $0Q3 24P/C —Q4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $233.4kQ2 25 puts: $49.1kQ2 25P/C 0.21
Numbers
QuarterCallsPutsP/C
Q3 2024$0$0—
Q4 2024$0$0—
Q1 2025$0$0—
Q2 2025$233.4k$49.1k0.21

Biggest buyers

HighTower Advisors, LLC Added +192,411+192.4k
MORGAN STANLEY Added +116,486+116.5k
LPL Financial LLC Added +106,390+106.4k
ROYAL BANK OF CANADA Added +100,228+100.2k
RAYMOND JAMES FINANCIAL INC Added +64,399+64.4k
TWO SIGMA INVESTMENTS, LP New +26,400+26.4k
Buska Wealth Management, LLC Added +20,366+20.4k
Private Advisor Group, LLC New +15,805+15.8k
FIRST NATIONAL CORP /MA/ /ADV Added +14,140+14.1k
BANK OF AMERICA CORP /DE/ Added +13,225+13.2k

Biggest sellers

C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors Sold out -20,454-20.5k
Kingsview Wealth Management, LLC Reduced -17,830-17.8k
PCG Wealth Advisors, LLC Sold out -13,997-14.0k
MARSHALL INVESTMENT MANAGEMENT, LLC Sold out -9,385-9.4k
AMERIPRISE FINANCIAL INC Reduced -8,775-8.8k
GOLDMAN SACHS GROUP INC Reduced -5,647-5.6k
CITADEL ADVISORS LLC Sold out -4,010-4.0k
Atria Wealth Solutions, Inc. Sold out -2,033-2.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -1,837-1.8k
HRT FINANCIAL LP Sold out -1,688-1.7k

Biggest calls

Belvedere Trading LLC New $233.4k1.9k shares

Biggest puts

Belvedere Trading LLC New $49.1k400 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 Harel Insurance Investments & Financial Services Ltd. 1.57% of their portfolio Ramat Gan, L3 1,117,5001.1m $137.3m $137.3m 1.57% Unchanged
2 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 282,349282.3k $34.7m $34.7m 0.01% Added +106.4k +106,390
3 HighTower Advisors, LLC 0.03% of their portfolio CHICAGO, IL 194,089194.1k $23.8m $23.8m 0.03% Added +192.4k +192,411
4 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 149,012149.0k $18.3m $18.3m 0.00% Added +116.5k +116,486
5 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 106,922106.9k $13.1m $13.1m 0.00% Added +100.2k +100,228
6 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 100,177100.2k $12.3m $12.3m 0.00% Added +64.4k +64,399
7 Kingsview Wealth Management, LLC 0.16% of their portfolio GRANTS PASS, OR 78,87378.9k $9.7m $9.7m 0.16% Reduced -17.8k -17,830
8 Mutual Advisors, LLC 0.23% of their portfolio OMAHA, NE 78,75778.8k $9.3m $9.3m 0.23% Added +7.1k +7,137
9 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 47,79347.8k $5.9m $5.9m 0.00% Added +13.2k +13,225
10 FIRST NATIONAL CORP /MA/ /ADV 1.05% of their portfolio ROCKLAND, MA 42,29542.3k $5.2m $5.2m 1.05% Added +14.1k +14,140
11 Buska Wealth Management, LLC 1.19% of their portfolio WAUSAU, WI 35,39035.4k $4.3m $4.3m 1.19% Added +20.4k +20,366
12 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 28,21428.2k $3.5m $3.5m 0.00% Reduced -8.8k -8,775
13 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 26,40026.4k $3.2m $3.2m 0.01% New
14 Stegent Equity Advisors, Inc. 2.76% of their portfolio HOUSTON, TX 25,40825.4k $3.1m $3.1m 2.76% Added +538 +538
15 Elevate Capital Advisors, LLC 2.36% of their portfolio EAGLE, CO 24,10824.1k $3.0m $3.0m 2.36% Added +9.8k +9,756
16 Focus Financial Network, Inc. 0.10% of their portfolio MINNEAPOLIS, MN 21,60221.6k $2.7m $2.7m 0.10% Added +1.4k +1,370
17 UBS Group AG 0.00% of their portfolio ZURICH, V8 21,53021.5k $2.6m $2.6m 0.00% Added +6.4k +6,383
18 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 20,30720.3k $2.5m $2.5m 0.00% Reduced -82 -82
19 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 19,37219.4k $2.4m $2.4m 0.00% Reduced -5.6k -5,647
20 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 18,73818.7k $2.3m $2.3m 0.00% Added +9.0k +8,955
21 AVANTAX ADVISORY SERVICES, INC. 0.01% of their portfolio DALLAS, TX 17,74417.7k $2.2m $2.2m 0.01% Added +9.5k +9,470
22 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 15,80515.8k $1.9m $1.9m 0.01% New
23 DAVENPORT & Co LLC 0.01% of their portfolio RICHMOND, VA 14,48514.5k $1.8m $1.8m 0.01% Added +3.6k +3,584
24 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 11,71811.7k $1.4m $1.4m 0.00% Added +2.0k +1,955
25 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 10,70310.7k $1.3m $1.3m 0.00% Added +521 +521
26 Nilsine Partners, LLC 0.12% of their portfolio GREENWOOD VILLAGE, CO 10,01010.0k $1.2m $1.2m 0.12% New
27 IFG Advisory, LLC 0.06% of their portfolio ATLANTA, GA 9,6929.7k $1.2m $1.2m 0.06% Added +1.6k +1,552
28 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 8,1368.1k $999.0k $999.0k 0.00% Added +995 +995
29 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 8,0888.1k $993.0k $993.0k 0.00% Added +2.9k +2,926
30 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 6,9056.9k $848.1k $848.1k 0.00% New
31 Williams & Novak, LLC 0.71% of their portfolio WESTLAKE VILLAGE, CA 6,8236.8k $838.1k $838.1k 0.71% New
32 Fifth Third Securities, Inc. 0.05% of their portfolio Cincinnati, OH 5,6085.6k $688.8k $688.8k 0.05% Reduced -187 -187
33 RDA Financial Network 0.17% of their portfolio AKRON, IA 5,0505.0k $620.3k $620.3k 0.17% Unchanged
34 Carr Financial Group Corp 0.16% of their portfolio WORCESTER, MA 4,5484.5k $558.6k $558.6k 0.16% Added +1.9k +1,929
35 INDEPENDENT FINANCIAL GROUP, LLC 0.02% of their portfolio SAN DIEGO, CA 4,4554.5k $547.2k $547.2k 0.02% New
36 Belpointe Asset Management LLC 0.02% of their portfolio RENO, NV 4,1504.2k $509.7k $509.7k 0.02% Reduced -78 -78
37 J.W. COLE ADVISORS, INC. 0.01% of their portfolio TAMPA, FL 4,0614.1k $498.8k $498.8k 0.01% Added +472 +472
38 OLD MISSION CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 3,6613.7k $449.7k $449.7k 0.01% New
39 Hennion & Walsh Asset Management, Inc. 0.02% of their portfolio Parsippany, NJ 3,4403.4k $422.5k $422.5k 0.02% New
40 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 3,1783.2k $390.4k $390.4k 0.00% Unchanged
41 Prospera Financial Services Inc 0.01% of their portfolio Dallas, TX 2,9452.9k $362.5k $362.5k 0.01% New
42 MinichMacGregor Wealth Management, LLC 0.07% of their portfolio Saratoga Springs, NY 2,6922.7k $330.7k $330.7k 0.07% New
43 Virtue Capital Management, LLC 0.06% of their portfolio BRENTWOOD, TN 2,6672.7k $327.6k $327.6k 0.06% Reduced -941 -941
44 Western Financial Corp/CA 0.16% of their portfolio SAN DIEGO, CA 2,3622.4k $290.1k $290.1k 0.16% New
45 IHT Wealth Management, LLC 0.01% of their portfolio Chicago, IL 2,3362.3k $286.9k $286.9k 0.01% Added +8 +8
46 WBI INVESTMENTS, LLC 0.07% of their portfolio RED BANK, NJ 2,3252.3k $285.6k $285.6k 0.07% Added +20 +20
47 Hudock, Inc. 0.05% of their portfolio Williamsport, PA 2,3252.3k $285.6k $285.6k 0.05% Added +2 +2
48 Wellington Shields & Co., LLC 0.08% of their portfolio NEW YORK, NY 2,1992.2k $270.1k $270.1k 0.08% New
49 GREAT VALLEY ADVISOR GROUP, INC. 0.01% of their portfolio WILMINGTON, DE 2,0832.1k $255.8k $255.8k 0.01% Reduced -21 -21
50 OPPENHEIMER & CO INC 0.00% of their portfolio NEW YORK, NY 2,0252.0k $248.7k $248.7k 0.00% New
51 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 1,6021.6k $196.8k $196.8k 0.00% Added +1.5k +1,545
52 FMR LLC 0.00% of their portfolio BOSTON, MA 1,4381.4k $176.6k $176.6k 0.00% Added +922 +922
53 AdvisorNet Financial, Inc 0.00% of their portfolio MINNETONKA, MN 616616 $75.6k $75.6k 0.00% Reduced -725 -725
54 Rossby Financial, LCC 0.03% of their portfolio MELBOURNE, FL 607607 $74.6k $74.6k 0.03% Unchanged
55 WFA of San Diego, LLC 0.02% of their portfolio SAN DIEGO, CA 259259 $31.8k $31.8k 0.02% First filing
56 BOK Financial Private Wealth, Inc. 0.00% of their portfolio DENVER, CO 150150 $18.4k $18.4k 0.00% Unchanged
57 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 138138 $16.0k $16.0k 0.00% Reduced -862 -862
58 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 109109 $13.4k $13.4k 0.00% First filing
59 Belvedere Trading LLC 0.00% of their portfolio CHICAGO, IL 100100 $12.3k $12.3k 0.00% New
60 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 7070 $8.6k $8.6k 0.00% Unchanged
61 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 6262 $7.6k $7.6k 0.00% Unchanged
62 CVA Family Office, LLC 0.00% of their portfolio DENVER, CO 5252 $6.3k $6.3k 0.00% Added +1 +1
63 Murphy & Mullick Capital Management Corp 0.00% of their portfolio SMITHTOWN, NY 4040 $4.9k $4.9k 0.00% Unchanged
64 JDM Financial Group LLC 0.00% of their portfolio AUSTIN, TX 2929 $3.6k $3.6k 0.00% Unchanged
65 HOLLENCREST CAPITAL MANAGEMENT 0.00% of their portfolio NEWPORT BEACH, CA 1010 $1.2k $1.2k 0.00% Unchanged
66 Sound Income Strategies, LLC 0.00% of their portfolio FT LAUDERDALE, FL 44 $491 $491 0.00% New
67 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 22 $246 $246 0.00% Reduced -1 -1
68 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 11 $123 $123 0.00% Unchanged
69 New Millennium Group LLC 0.00% of their portfolio SANDY, UT 11 $99 $99 0.00% New
70 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 00 $39 $39 0.00% Reduced -346 -346
71 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged