Vault-13

INVESCO EXCH TRADED FD TR II KBWB

KBW BK ETF · ETP · CUSIP 46138E628

233 institutional holders +1 vs Q1 2025
59,055,10859.1m shares reported held*
$4.2bnreported value*
34 new 76 added 77 reduced 35 sold out net bought ≈ $1.0bn (+14.2m 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 ($2.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $71.62. Options: 7 managers hold calls ($95.5m notional), 3 hold puts ($10.4m).

Trends to Q2 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: 232Q2 25: 233233Q3 22Q2 23Q1 24Q4 24Q2 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
Q2 2025233

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 23: 57 bought or addedQ3 23: 77 cut or sold outQ4 23: 66 bought or addedQ4 23: 81 cut or sold outQ4 23Q1 24: 49 bought or addedQ1 24: 92 cut or sold outQ2 24: 60 bought or addedQ2 24: 70 cut or sold outQ2 24Q3 24: 73 bought or addedQ3 24: 75 cut or sold outQ4 24: 111 bought or addedQ4 24: 65 cut or sold outQ4 24Q1 25: 130 bought or addedQ1 25: 82 cut or sold outQ2 25: 110 bought or addedQ2 25: 112 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20235777
Q4 20236681
Q1 20244992
Q2 20246070
Q3 20247375
Q4 202411165
Q1 202513082
Q2 2025110112

Calls vs puts

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

CallsPuts
$0$25m$50m$75m$100mQ3 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 0.77Q2 25 calls: $95.5mQ2 25 puts: $10.4mQ2 25P/C 0.11
Numbers
QuarterCallsPutsP/C
Q3 2024$1.8m$164.1k0.09
Q4 2024$2.6m$248.3k0.10
Q1 2025$16.6m$12.9m0.77
Q2 2025$95.5m$10.4m0.11

Biggest buyers

Migdal Insurance & Financial Holdings Ltd. Added +7,795,000+7.8m
JPMORGAN CHASE & CO Added +1,894,583+1.9m
MENORA MIVTACHIM HOLDINGS LTD. Added +1,597,450+1.6m
ROYAL BANK OF CANADA Added +1,036,016+1.0m
Clal Insurance Enterprises Holdings Ltd Added +825,000+825.0k
GOLDMAN SACHS GROUP INC Added +700,634+700.6k
CITIGROUP INC Added +638,640+638.6k
Guardian Partners Inc. Added +543,785+543.8k
Fisher Asset Management, LLC Added +379,830+379.8k
SCHRODER INVESTMENT MANAGEMENT GROUP New +322,906+322.9k

Biggest sellers

Temasek Holdings (Private) Ltd Sold out -831,238-831.2k
Quadrature Capital Ltd Sold out -390,351-390.4k
CW Advisors, LLC Reduced -263,083-263.1k
Summit Trail Advisors, LLC Reduced -199,792-199.8k
BANK OF AMERICA CORP /DE/ Reduced -198,249-198.2k
BNP PARIBAS FINANCIAL MARKETS Reduced -147,760-147.8k
Cubist Systematic Strategies, LLC Reduced -87,037-87.0k
Itau Unibanco Holding S.A. Reduced -66,455-66.5k
Attessa Capital LLC Sold out -64,606-64.6k
Tower Research Capital LLC (TRC) Reduced -63,471-63.5k

Biggest calls

Avanda Investment Management Pte. Ltd. New $31.3m437.5k shares
UBS Group AG New $19.2m268.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $15.9m222.4k shares
BOOTHBAY FUND MANAGEMENT, LLC Added $12.7m177.7k shares
JANE STREET GROUP, LLC New $8.7m121.1k shares
CITADEL ADVISORS LLC Added $5.9m81.8k shares
Ulysses Management LLC New $1.8m25.0k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $5.3m73.5k shares
JANE STREET GROUP, LLC New $2.6m36.4k shares
CITADEL ADVISORS LLC Added $2.5m35.2k 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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.07% of their portfolio CHARLOTTE, NC 12,830,65212.8m $918.9m $918.9m 0.07% Reduced -198.2k -198,249
2 Migdal Insurance & Financial Holdings Ltd. 4.76% of their portfolio Petach Tikva, L3 11,190,00011.2m $801.4m $801.4m 4.76% Added +7.8m +7,795,000
3 Clal Insurance Enterprises Holdings Ltd 3.08% of their portfolio Tel-aviv, L3 4,370,0004.4m $313.0m $313.0m 3.08% Added +825.0k +825,000
4 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 3,503,7113.5m $250.9m $250.9m 0.02% Added +1.9m +1,894,583
5 MENORA MIVTACHIM HOLDINGS LTD. 1.27% of their portfolio Ramat Gan, L3 3,085,4503.1m $221.0m $221.0m 1.27% Added +1.6m +1,597,450
6 Fisher Asset Management, LLC 0.09% of their portfolio PLANO, TX 2,991,4703.0m $214.2m $214.2m 0.09% Added +379.8k +379,830
7 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 2,940,6622.9m $210.6m $210.6m 0.03% Added +700.6k +700,634
8 Harel Insurance Investments & Financial Services Ltd. 1.86% of their portfolio Ramat Gan, L3 2,272,6202.3m $162.8m $162.8m 1.86% Unchanged
9 Wharton Business Group, LLC 5.78% of their portfolio MALVERN, PA 1,914,0191.9m $136.9m $136.9m 5.78% Added +117.9k +117,855
10 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,507,0081.5m $107.9m $107.9m 0.01% Added +1.0m +1,036,016
11 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,109,1161.1m $79.4m $79.4m 0.01% Added +78.8k +78,821
12 Fiduciary Trust Co 0.82% of their portfolio Boston, MA 926,093926.1k $66.3m $66.3m 0.82% Added +63.5k +63,549
13 CITIGROUP INC 0.04% of their portfolio NEW YORK, NY 744,956745.0k $53.4m $53.4m 0.04% Added +638.6k +638,640
14 CW Advisors, LLC 0.48% of their portfolio BOSTON, MA 692,760692.8k $49.6m $49.6m 0.48% Reduced -263.1k -263,083
15 Guardian Partners Inc. 4.00% of their portfolio TORONTO, Z4 608,586608.6k $44.5m $44.5m 4.00% Added +543.8k +543,785
16 Summit Trail Advisors, LLC 0.58% of their portfolio NEW YORK, NY 473,162473.2k $33.9m $33.9m 0.58% Reduced -199.8k -199,792
17 Horizon Investments, LLC 0.52% of their portfolio Charlotte, NC 457,451457.5k $32.8m $32.8m 0.52% Added +75.8k +75,763
18 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 417,804417.8k $29.9m $29.9m 0.01% Added +9.1k +9,099
19 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 411,120411.1k $29.4m $29.4m 0.01% Added +26.3k +26,329
20 UBS Group AG 0.01% of their portfolio ZURICH, V8 343,850343.9k $24.6m $24.6m 0.01% Added +51.4k +51,406
21 SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio London, X0 322,906322.9k $23.0m $23.0m 0.02% New
22 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 319,770319.8k $22.9m $22.9m 0.02% Reduced -147.8k -147,760
23 SOL Capital Management CO 1.97% of their portfolio ROCKVILLE, MD 283,134283.1k $20.3m $20.3m 1.97% Reduced -934 -934
24 Ledyard National Bank 1.82% of their portfolio HANOVER, NH 269,215269.2k $19.3m $19.3m 1.82% Reduced -11.3k -11,314
25 VALLEY WEALTH MANAGERS, INC. 1.31% of their portfolio PARAMUS, NJ 253,642253.6k $18.2m $18.2m 1.31% Added +33.7k +33,657
26 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 253,076253.1k $18.1m $18.1m 0.02% Added +66.2k +66,237
27 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 240,411240.4k $17.2m $17.2m 0.01% Added +93.9k +93,891
28 Foundations Investment Advisors, LLC 0.23% of their portfolio PHOENIX, AZ 204,669204.7k $14.7m $14.7m 0.23% Added +9.4k +9,448
29 RFG Holdings, Inc. 4.10% of their portfolio Argyle, TX 197,378197.4k $14.1m $14.1m 4.10% Reduced -3.3k -3,274
30 FIL Ltd 0.01% of their portfolio HAMILTON, D0 196,021196.0k $14.1m $14.1m 0.01% Added +133.7k +133,737
31 ALTFEST L J & CO INC 1.43% of their portfolio NEW YORK, NY 169,626169.6k $12.1m $12.1m 1.43% Added +164.7k +164,678
32 EDMOND DE ROTHSCHILD HOLDING S.A. 0.18% of their portfolio CHAMBESY, V8 153,800153.8k $11.0m $11.0m 0.18% Added +3.0k +2,961
33 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 143,009143.0k $10.2m $10.2m 0.02% Added +7.2k +7,228
34 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 134,838134.8k $9.7m $9.7m 0.00% Reduced -7.0k -6,968
35 SSI INVESTMENT MANAGEMENT LLC 0.63% of their portfolio Los Angeles, CA 124,746124.7k $8.9m $8.9m 0.63% Added +60.8k +60,800
36 Banco BTG Pactual S.A. 1.75% of their portfolio RIO DE JANEIRO, D5 120,000120.0k $8.6m $8.6m 1.75% Reduced -12.6k -12,600
37 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 110,795110.8k $7.9m $7.9m 0.00% Added +19.5k +19,536
38 LOWE BROCKENBROUGH & CO INC 0.44% of their portfolio RICHMOND, VA 108,413108.4k $7.8m $7.8m 0.44% Reduced -1.9k -1,897
39 Csenge Advisory Group 0.37% of their portfolio CLEARWATER, FL 107,014107.0k $7.0m $7.0m 0.37% Reduced -546 -546
40 Nan Shan Life Insurance Co., Ltd. 0.16% of their portfolio Taipei City, F5 99,65099.7k $7.1m $7.1m 0.16% Unchanged
41 GTS SECURITIES LLC 0.31% of their portfolio NEW YORK, NY 97,15697.2k $7.0m $7.0m 0.31% Added +71.7k +71,694
42 WP Advisors, LLC 1.84% of their portfolio San Francisco, CA 93,35293.4k $6.7m $6.7m 1.84% Added +877 +877
43 STEPHENS INC /AR/ 0.08% of their portfolio LITTLE ROCK, AR 82,05082.0k $5.9m $5.9m 0.08% Reduced -30 -30
44 Wealthcare Advisory Partners LLC 0.13% of their portfolio WEST CHESTER, PA 77,46577.5k $5.5m $5.5m 0.13% Reduced -958 -958
45 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 68,22768.2k $4.9m $4.9m 0.00% Reduced -50.4k -50,417
46 First International Bank of Israel Ltd. 2.62% of their portfolio TEL AVIV, L3 62,00062.0k $4.4m $4.4m 2.62% First filing
47 Anfield Capital Management, LLC 1.41% of their portfolio IRVINE, CA 59,49559.5k $4.3m $4.3m 1.41% Reduced -780 -780
48 Envestnet Portfolio Solutions, Inc. 0.01% of their portfolio BERWYN, PA 55,16655.2k $4.0m $4.0m 0.01% Added +31.5k +31,512
49 PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio DES MOINES, IA 54,98655.0k $3.9m $3.9m 0.00% Reduced -16.8k -16,830
50 Quadcap Wealth Management, LLC 0.50% of their portfolio Frisco, TX 54,78254.8k $3.9m $3.9m 0.50% Reduced -363 -363
51 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 54,60054.6k $3.9m $3.9m 0.01% New
52 SYNOVUS FINANCIAL CORP 0.05% of their portfolio Columbus, GA 53,68653.7k $3.8m $3.8m 0.05% Reduced -110 -110
53 Central Pacific Bank - Trust Division 0.48% of their portfolio HONOLULU, HI 52,89052.9k $3.8m $3.8m 0.48% Added +24.6k +24,615
54 PGIM Custom Harvest LLC 0.07% of their portfolio NEWARK, NJ 49,13249.1k $3.5m $3.5m 0.07% Added +7.0k +7,000
55 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 44,60044.6k $3.2m $3.2m 0.01% New
56 ProVise Management Group, LLC 0.24% of their portfolio CLEARWATER, FL 43,03343.0k $3.1m $3.1m 0.24% Reduced -2.0k -2,009
57 Good Life Advisors, LLC 0.19% of their portfolio READING, PA 42,43542.4k $3.0m $3.0m 0.19% Reduced -20.0k -20,027
58 QUATTRO FINANCIAL ADVISORS LLC 1.07% of their portfolio The Woodlands, TX 42,30742.3k $3.0m $3.0m 1.07% Reduced -2.9k -2,852
59 Quantinno Capital Management LP 0.01% of their portfolio NEW YORK, NY 41,97642.0k $3.0m $3.0m 0.01% Added +1.1k +1,139
60 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 41,66241.7k $3.0m $3.0m 0.00% Added +25.3k +25,264
61 MEITAV INVESTMENT HOUSE LTD 0.04% of their portfolio BENE-BERAQ, L3 40,45540.5k $2.9m $2.9m 0.04% Added +15.3k +15,275
62 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 40,21540.2k $2.9m $2.9m 0.00% Reduced -294 -294
63 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 39,70939.7k $2.8m $2.8m 0.01% Reduced -3.8k -3,780
64 Advocacy Wealth Management, LLC 0.17% of their portfolio ATLANTA, GA 38,54338.5k $2.8m $2.8m 0.17% Reduced -8.0k -7,988
65 Transamerica Financial Advisors, LLC 0.24% of their portfolio CEDAR RAPIDS, IA 36,32336.3k $2.6m $2.6m 0.24% Reduced -10.5k -10,539
66 Helix Partners Management LP 1.32% of their portfolio NEW YORK, NY 35,00035.0k $2.5m $2.5m 1.32% New
67 Pinnacle Wealth Management Group, Inc. 1.44% of their portfolio PLYMOUTH, MI 34,97835.0k $2.5m $2.5m 1.44% Added +2.0k +1,959
68 CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio RALEIGH, NC 34,78134.8k $2.5m $2.5m 0.01% Reduced -122 -122
69 Cubist Systematic Strategies, LLC 0.03% of their portfolio STAMFORD, CT 32,87632.9k $2.4m $2.4m 0.03% Reduced -87.0k -87,037
70 Delos Wealth Advisors, LLC 1.75% of their portfolio DALLAS, TX 31,29131.3k $2.2m $2.2m 1.75% Reduced -2.7k -2,732
71 FOUNDERS FINANCIAL SECURITIES LLC 0.17% of their portfolio TOWSON, MD 30,58630.6k $2.2m $2.2m 0.17% Added +7.9k +7,902
72 TUDOR INVESTMENT CORP ET AL 0.02% of their portfolio STAMFORD, CT 30,17030.2k $2.2m $2.2m 0.02% Added +26.9k +26,882
73 JUNCTURE WEALTH STRATEGIES, LLC 0.73% of their portfolio SCOTTSDALE, AZ 28,57228.6k $2.0m $2.0m 0.73% Added +14.8k +14,761
74 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 28,00128.0k $2.0m $2.0m 0.00% Reduced -565 -565
75 Masso Torrence Wealth Management Inc. 0.90% of their portfolio MARLTON, NJ 27,10327.1k $1.9m $1.9m 0.90% Reduced -970 -970
76 HAZLETT, BURT & WATSON, INC. 0.79% of their portfolio WHEELING, WV 26,95927.0k $1.9m $1.9m 0.79% Added +3.9k +3,902
77 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 26,58526.6k $1.9m $1.9m 0.01% Reduced -578 -578
78 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 23,71323.7k $1.7m $1.7m 0.01% Reduced -2.0k -2,027
79 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 22,16222.2k $1.6m $1.6m 0.01% New
80 Magnus Financial Group LLC 0.13% of their portfolio NEW YORK, NY 20,42820.4k $1.5m $1.5m 0.13% Added +2.6k +2,650
81 WESPAC Advisors SoCal, LLC 0.30% of their portfolio Pasadena, CA 18,71618.7k $1.3m $1.3m 0.30% Reduced -414 -414
82 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 16,68116.7k $1.2m $1.2m 0.00% Reduced -383 -383
83 U.S. Capital Wealth Advisors, LLC 0.03% of their portfolio AUSTIN, TX 16,54016.5k $1.2m $1.2m 0.03% Added +1 +1
84 Federation des caisses Desjardins du Quebec 0.01% of their portfolio LEVIS, A8 16,08716.1k $1.2m $1.2m 0.01% Reduced -484 -484
85 Quantitative Investment Management, LLC 0.15% of their portfolio CHARLOTTESVILLE, VA 15,41815.4k $1.1m $1.1m 0.15% Reduced -16.0k -16,014
86 ROCKLAND TRUST CO 0.05% of their portfolio HANOVER, MA 15,33515.3k $1.1m $1.1m 0.05% Reduced -1.2k -1,250
87 MAINSTAY CAPITAL MANAGEMENT LLC /ADV 0.05% of their portfolio GRAND BLANC, MI 15,12615.1k $1.1m $1.1m 0.05% Reduced -1.4k -1,352
88 Jain Global LLC 0.02% of their portfolio NEW YORK, NY 14,84214.8k $1.1m $1.1m 0.02% New
89 PARSONS CAPITAL MANAGEMENT INC/RI 0.06% of their portfolio PROVIDENCE, RI 14,29114.3k $1.0m $1.0m 0.06% Unchanged
90 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 14,08614.1k $1.0m $1.0m 0.00% Added +289 +289
91 Beacon Financial Advisory LLC 0.26% of their portfolio CLEVELAND, OH 13,86913.9k $993.3k $993.3k 0.26% Reduced -295 -295
92 AdvisorNet Financial, Inc 0.06% of their portfolio MINNETONKA, MN 13,33913.3k $955.3k $955.3k 0.06% Reduced -173 -173
93 SIMPLEX TRADING, LLC 0.03% of their portfolio CHICAGO, IL 13,09413.1k $937.0k $937.0k 0.03% Reduced -10.7k -10,743
94 INVESTMENT MANAGEMENT CORP /VA/ /ADV 0.84% of their portfolio ROANOKE, VA 12,92712.9k $925.8k $925.8k 0.84% Added +285 +285
95 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 12,38812.4k $887.2k $887.2k 0.00% New
96 DUMONT & BLAKE INVESTMENT ADVISORS LLC 0.22% of their portfolio PRINCETON, NJ 11,79311.8k $844.6k $844.6k 0.22% Reduced -88 -88
97 Robertson Stephens Wealth Management, LLC 0.03% of their portfolio San Francisco, CA 11,68911.7k $837.2k $837.2k 0.03% Added +1.7k +1,665
98 Global Retirement Partners, LLC 0.02% of their portfolio San Rafael, CA 11,39111.4k $815.8k $815.8k 0.02% First filing
99 Family Manage LLC 0.12% of their portfolio NEW YORK, NY 10,81710.8k $774.7k $774.7k 0.12% Unchanged
100 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 10,08510.1k $722.3k $722.3k 0.01% Reduced -36 -36