Vault-13

INVESCO EXCH TRADED FD TR II KBWB

KBW BK ETF · ETP · CUSIP 46138E628

142 institutional holders -6 vs Q2 2023
27,165,89427.2m shares reported held*
$1.1bnreported value*
22 new 35 added 50 reduced 27 sold out net bought ≈ $357.9m (+8.9m 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 ≈ $40.07. Options: 4 managers hold calls ($4.1m notional), 6 hold puts ($8.4m).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 139Q4 22: 160Q1 23: 157Q2 23: 148Q3 23: 142142Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 2022139
Q4 2022160
Q1 2023157
Q2 2023148
Q3 2023142

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 22: 71 bought or addedQ4 22: 66 cut or sold outQ4 22Q1 23: 81 bought or addedQ1 23: 83 cut or sold outQ1 23Q2 23: 65 bought or addedQ2 23: 83 cut or sold outQ2 23Q3 23: 57 bought or addedQ3 23: 77 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 20227166
Q1 20238183
Q2 20236583
Q3 20235777

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ4 22 calls: $3.8mQ4 22 puts: $1.2mQ4 22P/C 0.31Q1 23 calls: $5.0mQ1 23 puts: $10.6mQ1 23P/C 2.12Q2 23 calls: $8.1mQ2 23 puts: $4.1mQ2 23P/C 0.51Q3 23 calls: $4.1mQ3 23 puts: $8.4mQ3 23P/C 2.05
Numbers
QuarterCallsPutsP/C
Q4 2022$3.8m$1.2m0.31
Q1 2023$5.0m$10.6m2.12
Q2 2023$8.1m$4.1m0.51
Q3 2023$4.1m$8.4m2.05

Biggest buyers

Varma Mutual Pension Insurance Co Added +4,970,485+5.0m
BANK OF AMERICA CORP /DE/ Added +2,067,983+2.1m
MENORA MIVTACHIM HOLDINGS LTD. Added +1,870,000+1.9m
Fisher Asset Management, LLC Added +1,085,719+1.1m
BARCLAYS PLC Added +362,758+362.8k
Ledyard National Bank New +344,236+344.2k
Wharton Business Group, LLC Added +274,697+274.7k
BANK HAPOALIM BM Added +177,509+177.5k
RFG Holdings, Inc. New +94,808+94.8k
MARSHALL WACE, LLP New +61,226+61.2k

Biggest sellers

Morningstar Investment Management LLC Sold out -847,385-847.4k
JPMORGAN CHASE & CO Reduced -728,535-728.5k
LPL Financial LLC Reduced -187,430-187.4k
MORGAN STANLEY Reduced -139,467-139.5k
SG Americas Securities, LLC Sold out -123,674-123.7k
AMERIPRISE FINANCIAL INC Reduced -82,853-82.9k
Phoenix Financial Ltd. Sold out -51,285-51.3k
Quantitative Investment Management, LLC Sold out -50,496-50.5k
PARTNERS CAPITAL INVESTMENT GROUP, LLP Sold out -48,981-49.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -48,147-48.1k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $3.2m80.6k shares
CITADEL ADVISORS LLC Reduced $516.9k12.9k shares
WOLVERINE TRADING, LLC Reduced $324.6k8.1k shares
Cutler Group LLC / CA Reduced $1.0k4.9k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $3.8m94.3k shares
Interval Partners, LP New $2.4m600 shares
UBS Group AG New $1.2m30.0k shares
CITADEL ADVISORS LLC Added $605.1k15.1k shares
WOLVERINE TRADING, LLC Reduced $356.6k8.9k shares
Cutler Group LLC / CA Reduced $9.0k4.6k 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, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 6,773,6876.8m $271.4m $271.4m 0.03% Added +2.1m +2,067,983
2 Varma Mutual Pension Insurance Co 2.81% of their portfolio Varma, H9 5,800,2725.8m $232.4m $232.4m 2.81% Added +5.0m +4,970,485
3 MENORA MIVTACHIM HOLDINGS LTD. 1.40% of their portfolio Ramat Gan, L3 3,854,8263.9m $154.5m $154.5m 1.40% Added +1.9m +1,870,000
4 Harel Insurance Investments & Financial Services Ltd. 1.23% of their portfolio Ramat Gan, L3 1,550,7801.6m $62.1m $62.1m 1.23% Unchanged
5 Wharton Business Group, LLC 2.73% of their portfolio MALVERN, PA 1,227,0741.2m $49.2m $49.2m 2.73% Added +274.7k +274,697
6 Fisher Asset Management, LLC 0.03% of their portfolio PLANO, TX 1,200,2561.2m $48.1m $48.1m 0.03% Added +1.1m +1,085,719
7 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 738,646738.6k $29.6m $29.6m 0.01% Reduced -36.7k -36,676
8 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 471,870471.9k $18.9m $18.9m 0.01% Reduced -16.2k -16,178
9 WP Advisors, LLC 7.70% of their portfolio San Francisco, CA 461,607461.6k $18.5m $18.5m 7.70% Added +22.9k +22,945
10 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 410,340410.3k $16.4m $16.4m 0.00% Reduced -139.5k -139,467
11 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 383,339383.3k $15.4m $15.4m 0.01% Added +362.8k +362,758
12 SOL Capital Management CO 2.37% of their portfolio ROCKVILLE, MD 382,291382.3k $15.3m $15.3m 2.37% Reduced -235 -235
13 Ledyard National Bank 1.57% of their portfolio HANOVER, NH 344,236344.2k $13.8m $13.8m 1.57% New
14 Composition Wealth, LLC 0.41% of their portfolio LOS ANGELES, CA 335,149335.1k $13.4m $13.4m 0.41% Added +4.6k +4,575
15 Nan Shan Life Insurance Co., Ltd. 0.26% of their portfolio Taipei City, F5 240,695240.7k $9.6m $9.6m 0.26% Unchanged
16 UBS Group AG 0.00% of their portfolio ZURICH, V8 213,369213.4k $8.5m $8.5m 0.00% Added +23.0k +22,978
17 BANK HAPOALIM BM 1.29% of their portfolio TEL AVIV, L3 198,539198.5k $8.0m $8.0m 1.29% Added +177.5k +177,509
18 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 143,503143.5k $5.8m $5.8m 0.01% Reduced -11.6k -11,596
19 LOWE BROCKENBROUGH & CO INC 0.45% of their portfolio RICHMOND, VA 143,466143.5k $5.7m $5.7m 0.45% Added +3.0k +3,025
20 NORTH POINT PORTFOLIO MANAGERS CORP/OH 1.12% of their portfolio ORANGE VILLAGE, OH 136,165136.2k $5.5m $5.5m 1.12% Reduced -5.2k -5,150
21 Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio ST. PETERSBURG, FL 121,449121.4k $4.9m $4.9m 0.01% Reduced -4.3k -4,337
22 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 118,744118.7k $4.8m $4.8m 0.01% Reduced -21.6k -21,635
23 RFG Holdings, Inc. 2.15% of their portfolio Argyle, TX 94,80894.8k $3.8m $3.8m 2.15% New
24 PGIM Custom Harvest LLC 0.13% of their portfolio NEWARK, NJ 89,50989.5k $3.6m $3.6m 0.13% Added +23 +23
25 MRA Advisory Group 2.49% of their portfolio PARSIPPANY, NJ 87,20387.2k $3.5m $3.5m 2.49% Added +6.2k +6,246
26 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 81,31081.3k $3.3m $3.3m 0.00% Reduced -2.5k -2,485
27 Cetera Advisors LLC 0.05% of their portfolio DENVER, CO 79,96080.0k $3.2m $3.2m 0.05% Added +4.3k +4,296
28 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 77,88277.9k $3.1m $3.1m 0.00% Reduced -187.4k -187,430
29 STEPHENS INC /AR/ 0.05% of their portfolio LITTLE ROCK, AR 71,56571.6k $2.9m $2.9m 0.05% Added +21.1k +21,100
30 Federation des caisses Desjardins du Quebec 0.03% of their portfolio LEVIS, A8 62,84862.8k $2.5m $2.5m 0.03% Reduced -4.8k -4,778
31 SYNOVUS FINANCIAL CORP 0.03% of their portfolio Columbus, GA 61,89361.9k $2.5m $2.5m 0.03% Reduced -405 -405
32 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 61,22661.2k $2.5m $2.5m 0.01% New
33 ProVise Management Group, LLC 0.20% of their portfolio CLEARWATER, FL 54,43954.4k $2.2m $2.2m 0.20% Added +79 +79
34 GATES FOUNDATION TRUST 0.01% of their portfolio KIRKLAND, WA 50,27050.3k $2.0m $2.0m 0.01% New
35 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 49,27749.3k $2.0m $2.0m 0.00% Added +1.6k +1,550
36 Atria Wealth Solutions, Inc. 0.03% of their portfolio NEW YORK, NY 49,17549.2k $2.0m $2.0m 0.03% Added +1.3k +1,303
37 Tower Research Capital LLC (TRC) 0.05% of their portfolio NEW YORK, NY 43,34043.3k $1.7m $1.7m 0.05% Added +43.3k +43,326
38 ALTFEST L J & CO INC 0.27% of their portfolio NEW YORK, NY 43,28743.3k $1.7m $1.7m 0.27% New
39 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 43,21343.2k $1.7m $1.7m 0.00% Reduced -728.5k -728,535
40 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 42,06042.1k $1.7m $1.7m 0.00% Added +23.4k +23,446
41 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 41,66541.7k $1.7m $1.7m 0.00% Reduced -48.1k -48,147
42 NewEdge Advisors, LLC 0.02% of their portfolio NEW ORLEANS, LA 38,06038.1k $1.5m $1.5m 0.02% Reduced -31.3k -31,345
43 MEITAV INVESTMENT HOUSE LTD 0.02% of their portfolio BENE-BERAQ, L3 37,52937.5k $1.5m $1.5m 0.02% Reduced -10.7k -10,655
44 Fiduciary Trust Co 0.03% of their portfolio Boston, MA 35,60635.6k $1.4m $1.4m 0.03% Unchanged
45 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 33,67533.7k $1.3m $1.3m 0.00% Reduced -82.9k -82,853
46 ROCKLAND TRUST CO 0.06% of their portfolio HANOVER, MA 25,01325.0k $1.0m $1.0m 0.06% Reduced -3.4k -3,373
47 Migdal Insurance & Financial Holdings Ltd. 0.02% of their portfolio Petach Tikva, L3 22,11822.1k $886.0k $886.0k 0.02% New
48 Addison Advisors LLC 0.41% of their portfolio MIDDLEBURY, VT 21,98822.0k $881.1k $881.1k 0.41% Added +3.0k +3,045
49 IFP Advisors, Inc 0.04% of their portfolio TAMPA, FL 21,92721.9k $878.6k $878.6k 0.04% New
50 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 19,21919.2k $770.1k $770.1k 0.00% Reduced -223 -223
51 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 19,20819.2k $769.7k $769.7k 0.00% Reduced -1.6k -1,615
52 ACCESS FINANCIAL SERVICES, INC. 0.46% of their portfolio MINNEAPOLIS, MN 19,19919.2k $769.3k $769.3k 0.46% Reduced -26 -26
53 Laidlaw Wealth Management LLC 0.23% of their portfolio NEW YORK CITY, NY 17,64217.6k $706.9k $706.9k 0.23% Unchanged
54 Stonehearth Capital Management, LLC 0.37% of their portfolio DANVERS, MA 16,82116.8k $674.0k $674.0k 0.37% Added +875 +875
55 PARSONS CAPITAL MANAGEMENT INC/RI 0.05% of their portfolio PROVIDENCE, RI 16,76616.8k $671.8k $671.8k 0.05% Reduced -750 -750
56 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 16,02416.0k $642.1k $642.1k 0.00% Reduced -7.4k -7,357
57 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 15,67415.7k $628.1k $628.1k 0.00% New
58 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 15,38915.4k $609.0k $609.0k 0.00% Added +401 +401
59 VALICENTI ADVISORY SERVICES INC 0.21% of their portfolio ELMIRA, NY 15,07415.1k $604.0k $604.0k 0.21% Reduced -75 -75
60 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 14,54314.5k $582.0k $582.0k 0.01% New
61 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 14,08514.1k $564.0k $564.0k 0.00% Reduced -1.4k -1,396
62 Cutler Group LLC / CA 0.09% of their portfolio SAN FRANCISCO, CA 13,80113.8k $553.0k $553.0k 0.09% Added +9.6k +9,574
63 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 13,52313.5k $541.9k $541.9k 0.00% New
64 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 13,34713.3k $534.8k $534.8k 0.00% Reduced -1.4k -1,438
65 Beacon Pointe Advisors, LLC 0.01% of their portfolio NEWPORT BEACH, CA 12,49412.5k $500.6k $500.6k 0.01% New
66 DUMONT & BLAKE INVESTMENT ADVISORS LLC 0.16% of their portfolio PRINCETON, NJ 12,12312.1k $486.0k $486.0k 0.16% Reduced -9 -9
67 QUATTRO FINANCIAL ADVISORS LLC 0.21% of their portfolio The Woodlands, TX 11,79411.8k $472.6k $472.6k 0.21% Unchanged
68 Strategic Blueprint, LLC 0.04% of their portfolio ATLANTA, GA 10,97511.0k $439.8k $439.8k 0.04% Reduced -2.5k -2,501
69 Beacon Financial Advisory LLC 0.24% of their portfolio CLEVELAND, OH 10,69010.7k $428.3k $428.3k 0.24% Added +110 +110
70 One Day In July LLC 0.07% of their portfolio BURLINGTON, VT 10,13510.1k $406.1k $406.1k 0.07% Reduced -145 -145
71 Koshinski Asset Management, Inc. 0.05% of their portfolio DECATUR, IL 10,08910.1k $404.3k $404.3k 0.05% Reduced -4.9k -4,856
72 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 9,7899.8k $392.0k $392.0k 0.00% Reduced -1.3k -1,327
73 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 9,7429.7k $390.4k $390.4k 0.00% Reduced -28.4k -28,447
74 Plancorp, LLC 0.02% of their portfolio SAINT LOUIS, MO 9,4489.4k $378.6k $378.6k 0.02% Unchanged
75 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 8,4008.4k $353.8k $353.8k 0.00% New
76 Accredited Investors Inc. 0.03% of their portfolio EDINA, MN 8,3968.4k $336.4k $336.4k 0.03% Added +1.1k +1,150
77 FRG Family Wealth Advisors LLC 0.07% of their portfolio BELLEVUE, WA 8,2758.3k $331.6k $331.6k 0.07% Unchanged
78 CWM, LLC 0.00% of their portfolio OMAHA, NE 7,8807.9k $316.0k $316.0k 0.00% Reduced -191 -191
79 Equitable Holdings, Inc. 0.00% of their portfolio NEW YORK, NY 7,7917.8k $312.2k $312.2k 0.00% Added +2.5k +2,461
80 M&T Bank Corp 0.00% of their portfolio BUFFALO, NY 7,3857.4k $295.9k $295.9k 0.00% Added +2.4k +2,385
81 Harvest Fund Management Co., Ltd 0.05% of their portfolio BEIJING, F4 6,7466.7k $270.0k $270.0k 0.05% Unchanged
82 SCOTIA CAPITAL INC. 0.00% of their portfolio TORONTO, A6 6,6646.7k $267.0k $267.0k 0.00% Unchanged
83 INDEPENDENT FINANCIAL GROUP, LLC 0.02% of their portfolio SAN DIEGO, CA 6,5916.6k $264.1k $264.1k 0.02% Unchanged
84 WOLVERINE TRADING, LLC 0.00% of their portfolio CHICAGO, IL 6,5896.6k $264.0k $264.0k 0.00% Reduced -5.5k -5,513
85 Robertson Stephens Wealth Management, LLC 0.02% of their portfolio San Francisco, CA 6,3346.3k $253.8k $253.8k 0.02% New
86 Envestnet Portfolio Solutions, Inc. 0.00% of their portfolio BERWYN, PA 6,2336.2k $249.8k $249.8k 0.00% First filing
87 Keebeck Wealth Management 0.04% of their portfolio Chicago, IL 5,7505.8k $230.4k $230.4k 0.04% Unchanged
88 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 5,7285.7k $229.5k $229.5k 0.00% Reduced -298 -298
89 TWO SIGMA SECURITIES, LLC 0.01% of their portfolio NEW YORK, NY 5,6745.7k $227.4k $227.4k 0.01% New
90 Broadleaf Partners, LLC 0.08% of their portfolio Hudson, OH 5,6715.7k $227.2k $227.2k 0.08% Unchanged
91 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 5,6305.6k $225.6k $225.6k 0.00% Added +3 +3
92 Octavia Wealth Advisors, LLC 0.04% of their portfolio CINCINNATI, OH 5,3775.4k $215.4k $215.4k 0.04% Reduced -711 -711
93 GLENMEDE TRUST CO NA 0.00% of their portfolio PHILADELPHIA, PA 4,8904.9k $195.9k $195.9k 0.00% Unchanged
94 Sunbelt Securities, Inc. 0.01% of their portfolio HOUSTON, TX 1,6411.6k $65.8k $65.8k 0.01% Added +13 +13
95 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 1,5201.5k $60.9k $60.9k 0.00% Reduced -728 -728
96 Tradition Wealth Management, LLC 0.01% of their portfolio EDINA, MN 1,4871.5k $60.0k $60.0k 0.01% Added +3 +3
97 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 1,2101.2k $48.5k $48.5k 0.00% Added +1.1k +1,100
98 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 1,1801.2k $47.3k $47.3k 0.00% Reduced -487 -487
99 Nalls Sherbakoff Group, LLC 0.05% of their portfolio KNOXVILLE, TN 1,1671.2k $46.8k $46.8k 0.05% Reduced -95 -95
100 Y.D. More Investments Ltd 0.01% of their portfolio Ramat Gan, L3 1,1001.1k $44.1k $44.1k 0.01% Reduced -200 -200