Vault-13

INVESCO EXCH TRADED FD TR II KBWB

KBW BK ETF · ETP · CUSIP 46138E628

339 institutional holders +36 vs Q1 2026
55,106,79755.1m shares reported held*
$5.1bnreported value*
65 new 106 added 95 reduced 31 sold out net bought ≈ $629.6m (+6.8m 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 ($7.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $93.13. Options: 6 managers hold calls ($149.4m notional), 8 hold puts ($90.8m).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 139Q4 22: 160Q1 23: 157Q2 23: 148Q3 23: 142Q4 23: 159Q1 24: 150Q2 24: 157Q3 24: 166Q4 24: 204Q1 25: 232Q2 25: 233Q3 25: 260Q4 25: 310Q1 26: 303Q2 26: 339339Q3 22Q3 23Q3 24Q3 25Q2 26
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
Q3 2025260
Q4 2025310
Q1 2026303
Q2 2026339

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 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 25Q3 25: 135 bought or addedQ3 25: 96 cut or sold outQ4 25: 169 bought or addedQ4 25: 108 cut or sold outQ4 25Q1 26: 151 bought or addedQ1 26: 155 cut or sold outQ2 26: 171 bought or addedQ2 26: 126 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20247375
Q4 202411165
Q1 202513082
Q2 2025110112
Q3 202513596
Q4 2025169108
Q1 2026151155
Q2 2026171126

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ3 25 calls: $39.8mQ3 25 puts: $26.4mQ3 25P/C 0.66Q4 25 calls: $94.5mQ4 25 puts: $28.2mQ4 25P/C 0.30Q1 26 calls: $88.4mQ1 26 puts: $91.1mQ1 26P/C 1.03Q2 26 calls: $149.4mQ2 26 puts: $90.8mQ2 26P/C 0.61
Numbers
QuarterCallsPutsP/C
Q3 2025$39.8m$26.4m0.66
Q4 2025$94.5m$28.2m0.30
Q1 2026$88.4m$91.1m1.03
Q2 2026$149.4m$90.8m0.61

Biggest buyers

JPMORGAN CHASE & CO Added +3,375,496+3.4m
Temasek Holdings (Private) Ltd Added +555,394+555.4k
Itau Unibanco Holding S.A. New +520,547+520.5k
Clal Insurance Enterprises Holdings Ltd Added +509,000+509.0k
Migdal Insurance & Financial Holdings Ltd. Added +479,000+479.0k
MEITAV INVESTMENT HOUSE LTD Added +426,820+426.8k
Annex Advisory Services, LLC Added +367,271+367.3k
Marks Wealth, LLC New +336,481+336.5k
Baltimore-Washington Financial Advisors, Inc. New +316,019+316.0k
TWO SIGMA INVESTMENTS, LP Added +287,900+287.9k

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -1,023,926-1.0m
Cornerstone Advisors, LLC Sold out -665,269-665.3k
Point72 Asset Management, L.P. Reduced -198,277-198.3k
Ensign Peak Advisors, Inc Reduced -191,321-191.3k
MORGAN STANLEY Reduced -128,348-128.3k
Fiduciary Trust Co Reduced -112,017-112.0k
D. E. Shaw & Co., Inc. Sold out -92,999-93.0k
Csenge Advisory Group Sold out -79,169-79.2k
ROYAL BANK OF CANADA Reduced -77,753-77.8k
Guardian Partners Inc. Reduced -76,800-76.8k

Biggest calls

BOOTHBAY FUND MANAGEMENT, LLC Added $62.6m673.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $43.1m463.6k shares
JANE STREET GROUP, LLC Added $17.2m185.0k shares
CITADEL ADVISORS LLC Added $12.4m132.9k shares
CAPSTONE INVESTMENT ADVISORS, LLC New $8.4m90.0k shares
Point72 Asset Management, L.P. Reduced $5.7m61.5k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $36.4m391.9k shares
BOOTHBAY FUND MANAGEMENT, LLC Added $20.1m216.2k shares
JANE STREET GROUP, LLC Reduced $9.7m104.8k shares
JACOBS ASSET MANAGEMENT, LLC New $7.4m80.0k shares
CITADEL ADVISORS LLC Reduced $5.5m59.0k shares
CREDIT INDUSTRIEL ET COMMERCIAL Unchanged $4.6m50.0k shares
Interval Partners, LP Reduced $4.0m43.4k shares
Point72 Asset Management, L.P. Reduced $2.9m31.6k 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, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.06% of their portfolio NEW YORK, NY 11,636,49111.6m $1.1bn $1.1bn 0.06% Added +3.4m +3,375,496
2 BANK OF AMERICA CORP /DE/ 0.06% of their portfolio CHARLOTTE, NC 10,370,75210.4m $964.3m $964.3m 0.06% Reduced -1.0m -1,023,926
3 Fisher Asset Management, LLC 0.11% of their portfolio PLANO, TX 4,149,0964.1m $385.8m $385.8m 0.11% Added +284.3k +284,302
4 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 3,010,4093.0m $279.9m $279.9m 0.03% Added +92.8k +92,819
5 Migdal Insurance & Financial Holdings Ltd. 1.57% of their portfolio Petach Tikva, L3 2,642,7502.6m $245.7m $245.7m 1.57% Added +479.0k +479,000
6 Clal Insurance Enterprises Holdings Ltd 0.81% of their portfolio Tel-aviv, L3 1,930,0001.9m $179.5m $179.5m 0.81% Added +509.0k +509,000
7 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,820,2051.8m $169.2m $169.2m 0.01% Reduced -128.3k -128,348
8 Wharton Business Group, LLC 5.50% of their portfolio MALVERN, PA 1,767,6051.8m $164.4m $164.4m 5.50% Reduced -60.1k -60,106
9 Temasek Holdings (Private) Ltd 0.42% of their portfolio SINGAPORE, U0 1,660,2561.7m $154.4m $154.4m 0.42% Added +555.4k +555,394
10 TWO SIGMA INVESTMENTS, LP 0.10% of their portfolio NEW YORK, NY 1,368,4481.4m $127.2m $127.2m 0.10% Added +287.9k +287,900
11 Annex Advisory Services, LLC 1.20% of their portfolio BROOKFIELD, WI 756,328756.3k $70.3m $70.3m 1.20% Added +367.3k +367,271
12 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 745,480745.5k $69.3m $69.3m 0.01% Added +69.5k +69,470
13 OSAIC HOLDINGS, INC. 0.08% of their portfolio SCOTTSDALE, AZ 727,529727.5k $67.6m $67.6m 0.08% Reduced -10.7k -10,727
14 EDMOND DE ROTHSCHILD HOLDING S.A. 0.80% of their portfolio CHAMBESY, V8 656,662656.7k $61.1m $61.1m 0.80% Added +28.7k +28,727
15 FIL Ltd 0.04% of their portfolio HAMILTON, D0 612,968613.0k $57.1m $57.1m 0.04% Added +172.4k +172,409
16 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 611,166611.2k $56.8m $56.8m 0.01% Added +110.4k +110,361
17 Summit Trail Advisors, LLC 0.63% of their portfolio NEW YORK, NY 540,360540.4k $50.2m $50.2m 0.63% Added +9.5k +9,481
18 UBS Group AG 0.01% of their portfolio ZURICH, V8 538,544538.5k $50.1m $50.1m 0.01% Added +46.1k +46,146
19 Itau Unibanco Holding S.A. 0.95% of their portfolio SAO PAULO, D5 520,547520.5k $48.4m $48.4m 0.95% New
20 TIFF ADVISORY SERVICES, LLC 11.67% of their portfolio RADNOR, PA 511,729511.7k $47.6m $47.6m 11.67% Reduced -10.8k -10,814
21 MEITAV INVESTMENT HOUSE LTD 0.31% of their portfolio BENE-BERAQ, L3 491,375491.4k $45.7m $45.7m 0.31% Added +426.8k +426,820
22 Fiduciary Trust Co 0.37% of their portfolio Boston, MA 369,542369.5k $34.4m $34.4m 0.37% Reduced -112.0k -112,017
23 Qube Research & Technologies Ltd 0.04% of their portfolio LONDON, X0 349,820349.8k $32.5m $32.5m 0.04% Added +43.0k +42,974
24 Marks Wealth, LLC 6.77% of their portfolio ELLICOTT CITY, MD 336,481336.5k $31.3m $31.3m 6.77% New
25 Horizon Investments, LLC 0.34% of their portfolio Charlotte, NC 336,166336.2k $31.3m $31.3m 0.34% Reduced -69.0k -68,963
26 Baltimore-Washington Financial Advisors, Inc. 1.10% of their portfolio Columbia, MD 316,019316.0k $29.4m $29.4m 1.10% New
27 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 250,725250.7k $23.3m $23.3m 0.01% Added +106.4k +106,382
28 Cerity Partners LLC 0.03% of their portfolio NEW YORK, NY 245,601245.6k $22.8m $22.8m 0.03% Reduced -5.5k -5,512
29 Elo Mutual Pension Insurance Co 0.29% of their portfolio ESPOO, H9 243,434243.4k $22.6m $22.6m 0.29% New
30 Ledyard National Bank 1.75% of their portfolio HANOVER, NH 234,330234.3k $21.8m $21.8m 1.75% Reduced -7.4k -7,396
31 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 194,141194.1k $18.1m $18.1m 0.00% Added +93.2k +93,236
32 RFG Holdings, Inc. 3.49% of their portfolio Argyle, TX 179,215179.2k $16.7m $16.7m 3.49% Added +4.1k +4,114
33 Foundations Investment Advisors, LLC 0.17% of their portfolio PHOENIX, AZ 176,038176.0k $16.4m $16.4m 0.17% Added +13.8k +13,826
34 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 173,505173.5k $16.1m $16.1m 0.01% Added +123.4k +123,414
35 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 172,834172.8k $16.1m $16.1m 0.00% Reduced -77.8k -77,753
36 Polymer Capital Management (HK) LTD 1.43% of their portfolio HONG KONG, K3 151,492151.5k $14.1m $14.1m 1.43% New
37 Mirae Asset Global Investments Co., Ltd. 0.02% of their portfolio SEOUL, M5 140,000140.0k $13.0m $13.0m 0.02% Added +124.7k +124,694
38 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 138,359138.4k $12.9m $12.9m 0.01% Reduced -7.3k -7,260
39 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 119,892119.9k $11.1m $11.1m 0.01% Reduced -40.5k -40,512
40 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 113,089113.1k $10.5m $10.5m 0.01% Reduced -20.0k -20,047
41 LOWE BROCKENBROUGH & CO INC 0.45% of their portfolio RICHMOND, VA 108,102108.1k $10.1m $10.1m 0.45% Reduced -1.6k -1,633
42 VALLEY WEALTH MANAGERS, INC. 0.55% of their portfolio PARAMUS, NJ 101,904101.9k $9.5m $9.5m 0.55% Reduced -16.2k -16,169
43 TTP Investments, Inc. 3.78% of their portfolio San Jose, CA 100,299100.3k $9.3m $9.3m 3.78% New
44 Astoria Portfolio Advisors LLC. 1.39% of their portfolio NEW YORK, NY 88,59488.6k $8.2m $8.2m 1.39% Added +11.6k +11,551
45 Wealthcare Advisory Partners LLC 0.15% of their portfolio WEST CHESTER, PA 87,48987.5k $8.1m $8.1m 0.15% Added +845 +845
46 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 82,87882.9k $7.7m $7.7m 0.01% Added +1.3k +1,348
47 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 81,04081.0k $7.5m $7.5m 0.01% New
48 WP Advisors, LLC 1.81% of their portfolio San Francisco, CA 80,55180.6k $7.5m $7.5m 1.81% Reduced -9.3k -9,315
49 QUATTRO FINANCIAL ADVISORS LLC 1.54% of their portfolio The Woodlands, TX 77,47077.5k $7.2m $7.2m 1.54% Reduced -538 -538
50 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 77,44277.4k $7.2m $7.2m 0.00% Added +1.2k +1,190
51 Uniting Wealth Partners, LLC 1.39% of their portfolio DENVER, CO 73,58573.6k $6.8m $6.8m 1.39% New
52 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 72,72372.7k $6.8m $6.8m 0.00% Added +8.4k +8,373
53 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 65,62165.6k $6.1m $6.1m 0.01% New
54 PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio DES MOINES, IA 65,54165.5k $6.1m $6.1m 0.00% Added +6.5k +6,509
55 Silphium Asset Management Ltd 1.91% of their portfolio London, X0 61,00661.0k $5.7m $5.7m 1.91% Added +3.6k +3,600
56 Hobbs Group Advisors, LLC 1.47% of their portfolio COLUMBIA, SC 60,16660.2k $5.6m $5.6m 1.47% Added +17.6k +17,620
57 Quantitative Investment Management, LLC 0.61% of their portfolio CHARLOTTESVILLE, VA 59,84259.8k $5.6m $5.6m 0.61% New
58 Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio CHIYODA-KU, TOKYO, M0 58,98659.0k $5.5m $5.5m 0.00% New
59 First International Bank of Israel Ltd. 1.50% of their portfolio TEL AVIV, L3 58,96859.0k $5.5m $5.5m 1.50% Added +7.0k +6,968
60 Vermillion & White Wealth Management Group, LLC 2.70% of their portfolio PHOENIXVILLE, PA 57,23157.2k $5.3m $5.3m 2.70% Added +1.7k +1,660
61 XP Advisory US, Inc. 2.80% of their portfolio MIAMI, FL 54,94154.9k $5.1m $5.1m 2.80% First filing
62 SSI INVESTMENT MANAGEMENT LLC 0.29% of their portfolio Los Angeles, CA 54,39154.4k $5.1m $5.1m 0.29% New
63 EXCHANGE TRADED CONCEPTS, LLC 0.02% of their portfolio Oklahoma City, OK 54,29954.3k $5.0m $5.0m 0.02% New
64 Pinnacle Financial Partners, Inc. 0.03% of their portfolio ATLANTA, GA 53,56253.6k $5.0m $5.0m 0.03% Reduced -515 -515
65 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 51,82451.8k $4.8m $4.8m 0.00% Added +8.8k +8,837
66 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 51,79251.8k $4.8m $4.8m 0.02% Added +33.5k +33,489
67 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 45,21045.2k $4.2m $4.2m 0.00% Added +22.3k +22,305
68 Envestnet Portfolio Solutions, Inc. 0.02% of their portfolio BERWYN, PA 44,86544.9k $4.2m $4.2m 0.02% Added +39.0k +38,985
69 STEPHENS INC /AR/ 0.05% of their portfolio LITTLE ROCK, AR 44,48744.5k $4.1m $4.1m 0.05% Reduced -389 -389
70 Advocacy Wealth Management, LLC 0.15% of their portfolio ATLANTA, GA 42,92342.9k $4.0m $4.0m 0.15% Added +4.1k +4,060
71 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 41,85341.9k $3.9m $3.9m 0.00% Reduced -1.9k -1,869
72 Delos Wealth Advisors, LLC 1.97% of their portfolio DALLAS, TX 41,24241.2k $3.8m $3.8m 1.97% Added +2.1k +2,098
73 PGIM Custom Harvest LLC 0.05% of their portfolio NEWARK, NJ 41,10541.1k $3.8m $3.8m 0.05% Reduced -87 -87
74 Guardian Partners Inc. 0.34% of their portfolio TORONTO, Z4 40,60040.6k $3.8m $3.8m 0.34% Reduced -76.8k -76,800
75 HAZLETT, BURT & WATSON, INC. 0.97% of their portfolio WHEELING, WV 39,40639.4k $3.7m $3.7m 0.97% Added +1.6k +1,611
76 ProVise Management Group, LLC 0.24% of their portfolio CLEARWATER, FL 39,20539.2k $3.6m $3.6m 0.24% Reduced -722 -722
77 Pinnacle Wealth Management Group, Inc. 1.68% of their portfolio PLYMOUTH, MI 38,67038.7k $3.6m $3.6m 1.68% Added +5 +5
78 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 36,39136.4k $3.4m $3.4m 0.00% Reduced -3.6k -3,612
79 CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio RALEIGH, NC 35,49935.5k $3.3m $3.3m 0.01% Added +698 +698
80 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 34,39734.4k $3.2m $3.2m 0.00% Reduced -15.4k -15,353
81 SIMPLEX TRADING, LLC 0.08% of their portfolio CHICAGO, IL 33,02933.0k $3.1m $3.1m 0.08% Added +27.7k +27,695
82 JUNCTURE WEALTH STRATEGIES, LLC 0.78% of their portfolio SCOTTSDALE, AZ 32,09132.1k $3.0m $3.0m 0.78% Reduced -16 -16
83 Gotham Asset Management, LLC 0.01% of their portfolio NEW YORK, NY 30,81430.8k $2.9m $2.9m 0.01% Added +2.8k +2,840
84 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 30,47530.5k $2.8m $2.8m 0.01% Added +1.1k +1,127
85 MONETA GROUP INVESTMENT ADVISORS LLC 0.02% of their portfolio ST LOUIS, MO 30,02730.0k $2.8m $2.8m 0.02% New
86 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 29,27629.3k $2.7m $2.7m 0.00% Added +2.2k +2,185
87 Transamerica Financial Advisors, LLC 0.21% of their portfolio CEDAR RAPIDS, IA 27,29927.3k $2.5m $2.5m 0.21% Reduced -5.6k -5,624
88 INTEGRITY ALLIANCE, LLC. 0.08% of their portfolio Urbandale, IA 27,15327.2k $2.5m $2.5m 0.08% Reduced -1.2k -1,167
89 Farther Finance Advisors, LLC 0.02% of their portfolio SAN FRANCISCO, CA 26,80526.8k $2.5m $2.5m 0.02% Added +10.4k +10,416
90 FOUNDERS FINANCIAL SECURITIES LLC 0.12% of their portfolio TOWSON, MD 25,46425.5k $2.4m $2.4m 0.12% Reduced -7.0k -7,034
91 Ayalon Insurance Comp Ltd. 0.28% of their portfolio Ramat Gan, L3 24,80024.8k $2.3m $2.3m 0.28% New
92 Magnus Financial Group LLC 0.16% of their portfolio NEW YORK, NY 24,02324.0k $2.2m $2.2m 0.16% Added +1.3k +1,307
93 NewEdge Wealth, LLC 0.02% of their portfolio STAMFORD, CT 23,47723.5k $2.2m $2.2m 0.02% Reduced -3.5k -3,481
94 Central Pacific Bank - Trust Division 0.22% of their portfolio HONOLULU, HI 23,15523.2k $2.2m $2.2m 0.22% New
95 Transcendent Capital Group LLC 0.80% of their portfolio EDMOND, OK 22,14622.1k $2.1m $2.1m 0.80% New
96 CREATIVE FINANCIAL DESIGNS INC /ADV 0.09% of their portfolio KOKOMO, IN 20,45420.5k $1.9m $1.9m 0.09% Added +20.4k +20,408
97 EASTERN BANK 0.03% of their portfolio BOSTON, MA 20,40220.4k $1.9m $1.9m 0.03% Added +4.2k +4,154
98 FLOW TRADERS U.S. LLC 0.07% of their portfolio NEW YORK, NY 18,31918.3k $1.7m $1.7m 0.07% Added +7.0k +7,009
99 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 17,11517.1k $1.6m $1.6m 0.00% Added +11.2k +11,235
100 Keel Point, LLC 0.09% of their portfolio HUNTSVILLE, AL 16,62616.6k $1.5m $1.5m 0.09% Added +517 +517