Vault-13

INVESCO EXCH TRADED FD TR II KBWB

KBW BK ETF · ETP · CUSIP 46138E628

232 institutional holders +28 vs Q4 2024
44,795,53644.8m shares reported held*
$2.8bnreported value*
55 new 75 added 55 reduced 27 sold out net bought ≈ $973.7m (+15.5m 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 ($1.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $62.74. Options: 3 managers hold calls ($16.6m notional), 3 hold puts ($12.9m).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 139Q4 22: 160Q1 23: 157Q2 23: 148Q3 23: 142Q4 23: 159Q1 24: 150Q2 24: 157Q3 24: 166Q4 24: 204Q1 25: 232232Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022139
Q4 2022160
Q1 2023157
Q2 2023148
Q3 2023142
Q4 2023159
Q1 2024150
Q2 2024157
Q3 2024166
Q4 2024204
Q1 2025232

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 23: 65 bought or addedQ2 23: 83 cut or sold outQ3 23: 57 bought or addedQ3 23: 77 cut or sold outQ3 23Q4 23: 66 bought or addedQ4 23: 81 cut or sold outQ1 24: 49 bought or addedQ1 24: 92 cut or sold outQ1 24Q2 24: 60 bought or addedQ2 24: 70 cut or sold outQ3 24: 73 bought or addedQ3 24: 75 cut or sold outQ3 24Q4 24: 111 bought or addedQ4 24: 65 cut or sold outQ1 25: 130 bought or addedQ1 25: 82 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20236583
Q3 20235777
Q4 20236681
Q1 20244992
Q2 20246070
Q3 20247375
Q4 202411165
Q1 202513082

Calls vs puts

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

CallsPuts
$0$5m$10m$15m$20mQ2 24 calls: $2.0mQ2 24 puts: $246.1kQ2 24P/C 0.12Q3 24 calls: $1.8mQ3 24 puts: $164.1kQ3 24P/C 0.09Q4 24 calls: $2.6mQ4 24 puts: $248.3kQ4 24P/C 0.10Q1 25 calls: $16.6mQ1 25 puts: $12.9mQ1 25P/C 0.77
Numbers
QuarterCallsPutsP/C
Q2 2024$2.0m$246.1k0.12
Q3 2024$1.8m$164.1k0.09
Q4 2024$2.6m$248.3k0.10
Q1 2025$16.6m$12.9m0.77

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +5,348,678+5.3m
GOLDMAN SACHS GROUP INC Added +1,689,020+1.7m
Harel Insurance Investments & Financial Services Ltd. Added +1,652,140+1.7m
JPMORGAN CHASE & CO Added +1,561,587+1.6m
MENORA MIVTACHIM HOLDINGS LTD. New +1,488,000+1.5m
Temasek Holdings (Private) Ltd New +831,238+831.2k
Migdal Insurance & Financial Holdings Ltd. Added +724,850+724.9k
Clal Insurance Enterprises Holdings Ltd Added +595,000+595.0k
Summit Trail Advisors, LLC Added +366,312+366.3k
Quadrature Capital Ltd Added +334,955+335.0k

Biggest sellers

CITIGROUP INC Reduced -677,775-677.8k
Guardian Partners Inc. Reduced -210,951-211.0k
D. E. Shaw & Co., Inc. Sold out -183,319-183.3k
Fisher Asset Management, LLC Reduced -180,859-180.9k
MARSHALL WACE, LLP Sold out -121,394-121.4k
Qube Research & Technologies Ltd Reduced -103,304-103.3k
NOMURA ASSET MANAGEMENT CO LTD Sold out -74,600-74.6k
Aragon Global Management, LP Reduced -73,500-73.5k
RENAISSANCE TECHNOLOGIES LLC Sold out -42,900-42.9k
ALTFEST L J & CO INC Reduced -37,525-37.5k

Biggest calls

BOOTHBAY FUND MANAGEMENT, LLC New $8.4m133.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $6.7m107.3k shares
CITADEL ADVISORS LLC Added $1.5m23.7k shares

Biggest puts

Pentwater Capital Management LP New $6.3m100.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $5.2m82.6k shares
CITADEL ADVISORS LLC Added $1.4m22.2k 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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.07% of their portfolio CHARLOTTE, NC 13,028,90113.0m $817.8m $817.8m 0.07% Added +5.3m +5,348,678
2 Clal Insurance Enterprises Holdings Ltd 2.30% of their portfolio Tel-aviv, L3 3,545,0003.5m $222.5m $222.5m 2.30% Added +595.0k +595,000
3 Migdal Insurance & Financial Holdings Ltd. 2.99% of their portfolio Petach Tikva, L3 3,395,0003.4m $213.1m $213.1m 2.99% Added +724.9k +724,850
4 Fisher Asset Management, LLC 0.07% of their portfolio PLANO, TX 2,611,6402.6m $163.9m $163.9m 0.07% Reduced -180.9k -180,859
5 Harel Insurance Investments & Financial Services Ltd. 1.87% of their portfolio Ramat Gan, L3 2,272,6202.3m $142.7m $142.7m 1.87% Added +1.7m +1,652,140
6 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 2,240,0282.2m $140.6m $140.6m 0.03% Added +1.7m +1,689,020
7 Wharton Business Group, LLC 5.10% of their portfolio MALVERN, PA 1,796,1641.8m $112.8m $112.8m 5.10% Reduced -3.8k -3,773
8 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 1,609,1281.6m $101.0m $101.0m 0.01% Added +1.6m +1,561,587
9 MENORA MIVTACHIM HOLDINGS LTD. 0.61% of their portfolio Ramat Gan, L3 1,488,0001.5m $93.4m $93.4m 0.61% New
10 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,030,2951.0m $64.7m $64.7m 0.00% Added +259.0k +259,018
11 CW Advisors, LLC 0.72% of their portfolio BOSTON, MA 955,843955.8k $60.0m $60.0m 0.72% Reduced -20.2k -20,172
12 Fiduciary Trust Co 0.71% of their portfolio Boston, MA 862,544862.5k $54.1m $54.1m 0.71% Added +117.2k +117,152
13 Temasek Holdings (Private) Ltd 0.21% of their portfolio SINGAPORE, U0 831,238831.2k $52.2m $52.2m 0.21% New
14 Summit Trail Advisors, LLC 1.39% of their portfolio NEW YORK, NY 672,954673.0k $42.2m $42.2m 1.39% Added +366.3k +366,312
15 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 470,992471.0k $29.6m $29.6m 0.01% Reduced -9.9k -9,895
16 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 467,530467.5k $29.3m $29.3m 0.02% First filing
17 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 408,705408.7k $25.7m $25.7m 0.01% Added +42.5k +42,519
18 Quadrature Capital Ltd 0.54% of their portfolio LONDON, X0 390,351390.4k $24.5m $24.5m 0.54% Added +335.0k +334,955
19 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 384,791384.8k $24.2m $24.2m 0.01% Added +38.3k +38,252
20 Horizon Investments, LLC 0.71% of their portfolio Charlotte, NC 381,688381.7k $24.0m $24.0m 0.71% Reduced -10.0k -10,029
21 UBS Group AG 0.00% of their portfolio ZURICH, V8 292,444292.4k $18.4m $18.4m 0.00% Added +44.9k +44,857
22 SOL Capital Management CO 1.97% of their portfolio ROCKVILLE, MD 284,068284.1k $17.8m $17.8m 1.97% Reduced -330 -330
23 Ledyard National Bank 1.74% of their portfolio HANOVER, NH 280,529280.5k $17.6m $17.6m 1.74% Reduced -14.8k -14,789
24 VALLEY WEALTH MANAGERS, INC. 1.05% of their portfolio PARAMUS, NJ 219,985220.0k $13.8m $13.8m 1.05% Added +8.2k +8,227
25 RFG Holdings, Inc. 4.10% of their portfolio Argyle, TX 200,652200.7k $12.6m $12.6m 4.10% Added +10.0k +10,001
26 Foundations Investment Advisors, LLC 0.23% of their portfolio PHOENIX, AZ 195,221195.2k $12.3m $12.3m 0.23% New
27 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 186,839186.8k $11.7m $11.7m 0.01% Added +144.2k +144,202
28 EDMOND DE ROTHSCHILD HOLDING S.A. 0.17% of their portfolio CHAMBESY, V8 150,839150.8k $9.5m $9.5m 0.17% Added +150.8k +150,809
29 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 146,520146.5k $9.2m $9.2m 0.00% Added +57.1k +57,078
30 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 141,806141.8k $8.9m $8.9m 0.00% Added +28.4k +28,424
31 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 135,781135.8k $8.5m $8.5m 0.02% Added +6.3k +6,300
32 Banco BTG Pactual S.A. 2.08% of their portfolio RIO DE JANEIRO, D5 132,600132.6k $8.3m $8.3m 2.08% New
33 Cubist Systematic Strategies, LLC 0.10% of their portfolio STAMFORD, CT 119,913119.9k $7.5m $7.5m 0.10% Added +110.3k +110,288
34 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 118,644118.6k $7.4m $7.4m 0.00% Added +98.0k +98,046
35 LOWE BROCKENBROUGH & CO INC 0.46% of their portfolio RICHMOND, VA 110,310110.3k $6.9m $6.9m 0.46% Added +465 +465
36 Csenge Advisory Group 0.35% of their portfolio CLEARWATER, FL 107,560107.6k $6.1m $6.1m 0.35% New
37 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 106,316106.3k $6.7m $6.7m 0.01% Reduced -677.8k -677,775
38 Nan Shan Life Insurance Co., Ltd. 0.15% of their portfolio Taipei City, F5 99,65099.7k $6.3m $6.3m 0.15% New
39 WP Advisors, LLC 1.93% of their portfolio San Francisco, CA 92,47592.5k $5.8m $5.8m 1.93% Added +217 +217
40 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 91,25991.3k $5.7m $5.7m 0.00% Added +5.6k +5,635
41 STEPHENS INC /AR/ 0.08% of their portfolio LITTLE ROCK, AR 82,08082.1k $5.2m $5.2m 0.08% Reduced -277 -277
42 Wealthcare Advisory Partners LLC 0.13% of their portfolio WEST CHESTER, PA 78,42378.4k $4.9m $4.9m 0.13% Added +74.9k +74,878
43 Itau Unibanco Holding S.A. 0.18% of their portfolio SAO PAULO, D5 75,45575.5k $4.7m $4.7m 0.18% New
44 PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio DES MOINES, IA 71,81671.8k $4.5m $4.5m 0.00% New
45 Tower Research Capital LLC (TRC) 0.12% of their portfolio NEW YORK, NY 65,70465.7k $4.1m $4.1m 0.12% Added +38.8k +38,762
46 Guardian Partners Inc. 0.39% of their portfolio TORONTO, Z4 64,80164.8k $3.8m $3.8m 0.39% Reduced -211.0k -210,951
47 Attessa Capital LLC 2.65% of their portfolio TUCSON, AZ 64,60664.6k $4.1m $4.1m 2.65% Added +5.0k +5,036
48 SSI INVESTMENT MANAGEMENT LLC 0.31% of their portfolio Los Angeles, CA 63,94663.9k $4.0m $4.0m 0.31% New
49 Good Life Advisors, LLC 0.28% of their portfolio READING, PA 62,46262.5k $3.9m $3.9m 0.28% Reduced -5.1k -5,095
50 FIL Ltd 0.00% of their portfolio HAMILTON, D0 62,28462.3k $3.9m $3.9m 0.00% New
51 Anfield Capital Management, LLC 1.40% of their portfolio IRVINE, CA 60,27560.3k $3.8m $3.8m 1.40% New
52 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 57,14657.1k $3.6m $3.6m 0.01% Reduced -103.3k -103,304
53 One Capital Management, LLC 0.12% of their portfolio WESTLAKE VILLAGE, CA 56,86356.9k $3.6m $3.6m 0.12% Reduced -716 -716
54 Quadcap Wealth Management, LLC 0.50% of their portfolio Frisco, TX 55,14555.1k $3.5m $3.5m 0.50% New
55 SYNOVUS FINANCIAL CORP 0.04% of their portfolio Columbus, GA 53,79653.8k $3.4m $3.4m 0.04% Reduced -86 -86
56 Advisor Resource Council 0.20% of their portfolio DALLAS, TX 49,20849.2k $2.5m $2.5m 0.20% New
57 Transamerica Financial Advisors, LLC 0.30% of their portfolio CEDAR RAPIDS, IA 46,86246.9k $2.9m $2.9m 0.30% Added +1.1k +1,130
58 Advocacy Wealth Management, LLC 0.20% of their portfolio ATLANTA, GA 46,53146.5k $2.9m $2.9m 0.20% Added +40.2k +40,157
59 QUATTRO FINANCIAL ADVISORS LLC 0.97% of their portfolio The Woodlands, TX 45,15945.2k $2.8m $2.8m 0.97% Added +21.0k +20,991
60 ProVise Management Group, LLC 0.24% of their portfolio CLEARWATER, FL 45,04245.0k $2.8m $2.8m 0.24% Reduced -1.7k -1,712
61 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 43,48943.5k $2.7m $2.7m 0.01% Added +27.3k +27,347
62 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 42,32742.3k $2.7m $2.7m 0.00% Added +12.3k +12,339
63 PGIM Custom Harvest LLC 0.06% of their portfolio NEWARK, NJ 42,13242.1k $2.6m $2.6m 0.06% Reduced -3.4k -3,369
64 Quantinno Capital Management LP 0.02% of their portfolio NEW YORK, NY 40,83740.8k $2.6m $2.6m 0.02% Added +3.6k +3,624
65 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 40,50940.5k $2.5m $2.5m 0.00% Added +4.2k +4,157
66 CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio RALEIGH, NC 34,90334.9k $2.2m $2.2m 0.01% New
67 Delos Wealth Advisors, LLC 1.69% of their portfolio DALLAS, TX 34,02334.0k $2.1m $2.1m 1.69% Added +181 +181
68 Pinnacle Wealth Management Group, Inc. 1.45% of their portfolio PLYMOUTH, MI 33,01933.0k $2.1m $2.1m 1.45% New
69 BLAIR WILLIAM & CO/IL 0.01% of their portfolio CHICAGO, IL 32,13632.1k $2.0m $2.0m 0.01% Reduced -2.9k -2,895
70 Quantitative Investment Management, LLC 0.18% of their portfolio CHARLOTTESVILLE, VA 31,43231.4k $2.0m $2.0m 0.18% New
71 Financial Advocates Investment Management 0.13% of their portfolio OLYMPIA, WA 30,11230.1k $1.9m $1.9m 0.13% Reduced -2.7k -2,678
72 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 28,56628.6k $1.8m $1.8m 0.00% Added +22.7k +22,703
73 Central Pacific Bank - Trust Division 0.25% of their portfolio HONOLULU, HI 28,27528.3k $1.8m $1.8m 0.25% New
74 Masso Torrence Wealth Management Inc. 0.94% of their portfolio MARLTON, NJ 28,07328.1k $1.8m $1.8m 0.94% New
75 AVALON CAPITAL MANAGEMENT 0.51% of their portfolio Port Of Redwood City, CA 28,05228.1k $1.8m $1.8m 0.51% Reduced -8.3k -8,289
76 Jefferies Financial Group Inc. 0.03% of their portfolio NEW YORK, NY 27,53027.5k $1.7m $1.7m 0.03% Reduced -1.9k -1,850
77 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 27,16327.2k $1.7m $1.7m 0.01% Added +20.2k +20,155
78 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 26,38326.4k $1.7m $1.7m 0.00% New
79 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 25,74025.7k $1.6m $1.6m 0.01% Added +9.9k +9,897
80 Gemmer Asset Management LLC 0.16% of their portfolio WALNUT CREEK, CA 25,65325.7k $1.6m $1.6m 0.16% Added +8.0k +7,972
81 GTS SECURITIES LLC 0.07% of their portfolio NEW YORK, NY 25,46225.5k $1.6m $1.6m 0.07% New
82 MEITAV INVESTMENT HOUSE LTD 0.03% of their portfolio BENE-BERAQ, L3 25,18025.2k $1.6m $1.6m 0.03% Unchanged
83 SIMPLEX TRADING, LLC 0.05% of their portfolio CHICAGO, IL 23,83723.8k $1.5m $1.5m 0.05% Added +18.2k +18,247
84 Envestnet Portfolio Solutions, Inc. 0.01% of their portfolio BERWYN, PA 23,65423.7k $1.5m $1.5m 0.01% Added +9.4k +9,402
85 Quantbot Technologies LP 0.05% of their portfolio NEW YORK, NY 23,28323.3k $1.5m $1.5m 0.05% New
86 HAZLETT, BURT & WATSON, INC. 0.65% of their portfolio WHEELING, WV 23,05723.1k $1.5m $1.5m 0.65% Added +3.4k +3,444
87 FOUNDERS FINANCIAL SECURITIES LLC 0.12% of their portfolio TOWSON, MD 22,68422.7k $1.4m $1.4m 0.12% Reduced -91 -91
88 FLOW TRADERS U.S. LLC 0.06% of their portfolio NEW YORK, NY 21,29221.3k $1.3m $1.3m 0.06% New
89 Hobbs Group Advisors, LLC 0.47% of their portfolio COLUMBIA, SC 19,75419.8k $1.2m $1.2m 0.47% New
90 WESPAC Advisors SoCal, LLC 0.31% of their portfolio Pasadena, CA 19,13019.1k $1.2m $1.2m 0.31% New
91 TWO SIGMA SECURITIES, LLC 0.17% of their portfolio NEW YORK, NY 18,12018.1k $1.1m $1.1m 0.17% New
92 Ulysses Management LLC 0.29% of their portfolio New York, NY 18,00018.0k $1.1m $1.1m 0.29% New
93 Magnus Financial Group LLC 0.11% of their portfolio NEW YORK, NY 17,77817.8k $1.1m $1.1m 0.11% Added +2.7k +2,737
94 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 17,06417.1k $1.1m $1.1m 0.00% Reduced -536 -536
95 ROCKLAND TRUST CO 0.05% of their portfolio HANOVER, MA 16,58516.6k $1.0m $1.0m 0.05% Reduced -866 -866
96 Federation des caisses Desjardins du Quebec 0.01% of their portfolio LEVIS, A8 16,57116.6k $1.0m $1.0m 0.01% Reduced -2.3k -2,324
97 U.S. Capital Wealth Advisors, LLC 0.03% of their portfolio AUSTIN, TX 16,53916.5k $1.0m $1.0m 0.03% Reduced -327 -327
98 MAINSTAY CAPITAL MANAGEMENT LLC /ADV 0.14% of their portfolio GRAND BLANC, MI 16,47816.5k $1.0m $1.0m 0.14% Added +152 +152
99 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 16,39816.4k $1.0m $1.0m 0.00% Added +2.3k +2,327
100 PARSONS CAPITAL MANAGEMENT INC/RI 0.05% of their portfolio PROVIDENCE, RI 14,29114.3k $897.0k $897.0k 0.05% Unchanged