Vault-13

INVESCO EXCH TRADED FD TR II PDN

FTSE RAFI SML · ETP · CUSIP 46138E735

98 institutional holders -5 vs Q1 2025
5,442,6825.4m shares reported held*
$211.6mreported value*
6 new 33 added 32 reduced 10 sold out net sold ≈ $100.1m (-2.6m 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 ≈ $38.87.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 87Q4 22: 95Q1 23: 88Q2 23: 99Q3 23: 89Q4 23: 99Q1 24: 102Q2 24: 96Q3 24: 100Q4 24: 101Q1 25: 103Q2 25: 9898Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202287
Q4 202295
Q1 202388
Q2 202399
Q3 202389
Q4 202399
Q1 2024102
Q2 202496
Q3 2024100
Q4 2024101
Q1 2025103
Q2 202598

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 40 bought or addedQ3 23: 42 cut or sold outQ4 23: 31 bought or addedQ4 23: 51 cut or sold outQ4 23Q1 24: 49 bought or addedQ1 24: 37 cut or sold outQ2 24: 40 bought or addedQ2 24: 48 cut or sold outQ2 24Q3 24: 43 bought or addedQ3 24: 38 cut or sold outQ4 24: 38 bought or addedQ4 24: 38 cut or sold outQ4 24Q1 25: 43 bought or addedQ1 25: 38 cut or sold outQ2 25: 39 bought or addedQ2 25: 42 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20234042
Q4 20233151
Q1 20244937
Q2 20244048
Q3 20244338
Q4 20243838
Q1 20254338
Q2 20253942

Biggest buyers

Focus Partners Wealth Added +179,896+179.9k
LPL Financial LLC Added +173,415+173.4k
GOLDMAN SACHS GROUP INC New +102,092+102.1k
JANE STREET GROUP, LLC Added +74,345+74.3k
ROYAL BANK OF CANADA Added +57,530+57.5k
CITADEL ADVISORS LLC Added +39,623+39.6k
AlphaCore Capital LLC Added +16,881+16.9k
AMERIPRISE FINANCIAL INC Added +4,476+4.5k
MORGAN STANLEY Added +3,658+3.7k
L & S Advisors Inc Added +2,585+2.6k

Biggest sellers

CHARLES SCHWAB INVESTMENT MANAGEMENT INC Reduced -2,897,007-2.9m
Invesco Ltd. Reduced -216,643-216.6k
FLOW TRADERS U.S. LLC Sold out -56,879-56.9k
CUTLER INVESTMENT COUNSEL LLC Reduced -20,750-20.8k
BANK OF MONTREAL /CAN/ Reduced -13,195-13.2k
KWB Wealth Reduced -5,126-5.1k
Robinswood Financial LLC Reduced -4,340-4.3k
JPMORGAN CHASE & CO Reduced -4,225-4.2k
Creative Planning Reduced -3,210-3.2k
MAI Capital Management Reduced -2,304-2.3k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 2,613,0372.6m $101.7m $101.7m 0.02% Reduced -2.9m -2,897,007
2 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 245,027245.0k $9.5m $9.5m 0.00% Reduced -216.6k -216,643
3 Opes Wealth Management LLC 1.38% of their portfolio MENLO PARK, CA 199,641199.6k $7.8m $7.8m 1.38% Reduced -40 -40
4 Focus Partners Wealth 0.02% of their portfolio ST LOUIS, MO 193,073193.1k $7.5m $7.5m 0.02% Added +179.9k +179,896
5 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 190,463190.5k $7.4m $7.4m 0.00% Added +173.4k +173,415
6 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 185,685185.7k $7.2m $7.2m 0.01% Reduced -1.6k -1,644
7 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 148,570148.6k $5.8m $5.8m 0.01% Added +39.6k +39,623
8 CUTLER INVESTMENT COUNSEL LLC 0.50% of their portfolio Jacksonville, OR 115,253115.3k $4.5m $4.5m 0.50% Reduced -20.8k -20,750
9 CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio RALEIGH, NC 110,868110.9k $4.3m $4.3m 0.01% Added +2.2k +2,206
10 DROMS STRAUSS ADVISORS INC /MO/ /ADV 1.30% of their portfolio ST. LOUIS, MO 108,654108.7k $4.2m $4.2m 1.30% Reduced -1.7k -1,710
11 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 106,036106.0k $4.1m $4.1m 0.01% Added +74.3k +74,345
12 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 102,688102.7k $4.0m $4.0m 0.00% Added +57.5k +57,530
13 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 102,092102.1k $4.0m $4.0m 0.00% New
14 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 98,65498.7k $3.8m $3.8m 0.00% Added +4.5k +4,476
15 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 90,84090.8k $3.5m $3.5m 0.01% Reduced -629 -629
16 Robinswood Financial LLC 1.21% of their portfolio KIRKLAND, WA 87,93787.9k $3.4m $3.4m 1.21% Reduced -4.3k -4,340
17 KWB Wealth 0.21% of their portfolio REDLANDS, CA 51,28951.3k $1.7m $1.7m 0.21% Reduced -5.1k -5,126
18 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 47,11747.1k $1.8m $1.8m 0.00% Added +3.7k +3,658
19 Modern Wealth Management, LLC 0.05% of their portfolio KANSAS CITY, MO 46,98747.0k $1.8m $1.8m 0.05% Added +2.0k +1,999
20 STUDIO INVESTMENT MANAGEMENT LLC 0.25% of their portfolio CHICAGO, IL 32,57532.6k $1.3m $1.3m 0.25% Reduced -571 -571
21 Charles Schwab Trust Co 0.09% of their portfolio HENDERSON, NV 30,65430.7k $1.2m $1.2m 0.09% Reduced -1.1k -1,058
22 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 29,68129.7k $1.2m $1.2m 0.00% Added +497 +497
23 L & S Advisors Inc 0.11% of their portfolio Los Angeles, CA 27,97728.0k $1.1m $1.1m 0.11% Added +2.6k +2,585
24 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 27,74727.7k $1.1m $1.1m 0.00% Reduced -3.2k -3,210
25 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 26,53226.5k $1.0m $1.0m 0.00% Added +2.2k +2,176
26 Klingman & Associates, LLC 0.05% of their portfolio New York, NY 23,72123.7k $923.2k $923.2k 0.05% Unchanged
27 SMITH, MOORE & CO. 0.07% of their portfolio CLAYTON, MO 21,36721.4k $831.5k $831.5k 0.07% Reduced -135 -135
28 Beckerman Institutional, LLC 0.50% of their portfolio OCEAN GROVE, NJ 19,47619.5k $758.0k $758.0k 0.50% Reduced -671 -671
29 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 18,53918.5k $721.0k $721.0k 0.00% Reduced -1.5k -1,462
30 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 17,32317.3k $674.2k $674.2k 0.00% Reduced -785 -785
31 AlphaCore Capital LLC 0.03% of their portfolio LA JOLLA, CA 17,17617.2k $668.4k $668.4k 0.03% Added +16.9k +16,881
32 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 16,79616.8k $653.6k $653.6k 0.00% Reduced -1.2k -1,228
33 Robertson Stephens Wealth Management, LLC 0.02% of their portfolio San Francisco, CA 16,27816.3k $633.5k $633.5k 0.02% Unchanged
34 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 15,34615.3k $597.2k $597.2k 0.00% Reduced -1.6k -1,608
35 Asset Dedication, LLC 0.04% of their portfolio SAN FRANCISCO, CA 14,34814.3k $558.4k $558.4k 0.04% Reduced -566 -566
36 Sequoia Financial Advisors, LLC 0.00% of their portfolio Akron, OH 14,14214.1k $550.4k $550.4k 0.00% Added +94 +94
37 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 13,11713.1k $510.5k $510.5k 0.00% Added +123 +123
38 Williams & Novak, LLC 0.43% of their portfolio WESTLAKE VILLAGE, CA 13,09013.1k $509.4k $509.4k 0.43% Reduced -1.2k -1,230
39 Sensible Money, LLC 0.18% of their portfolio SCOTTSDALE, AZ 12,25212.3k $476.8k $476.8k 0.18% Added +35 +35
40 CoreCap Advisors, LLC 0.02% of their portfolio SOUTHFIELD, MI 11,94711.9k $464.9k $464.9k 0.02% Added +358 +358
41 Mariner, LLC 0.00% of their portfolio Overland Park, KS 11,69111.7k $455.0k $455.0k 0.00% Added +244 +244
42 Westmount Partners, LLC 0.12% of their portfolio LOS ANGELES, CA 11,29611.3k $439.6k $439.6k 0.12% Unchanged
43 FMR LLC 0.00% of their portfolio BOSTON, MA 10,02210.0k $390.0k $390.0k 0.00% Added +891 +891
44 Index Fund Advisors, Inc. 0.02% of their portfolio IRVINE, CA 9,5069.5k $369.9k $369.9k 0.02% Unchanged
45 Efficient Frontier Advisors LLC 0.23% of their portfolio EASTFORD, CT 9,2289.2k $359.1k $359.1k 0.23% Added +86 +86
46 JFS WEALTH ADVISORS, LLC 0.02% of their portfolio HERMITAGE, PA 8,7528.8k $340.6k $340.6k 0.02% Reduced -284 -284
47 Summit Financial Strategies, Inc. 0.03% of their portfolio Columbus, OH 8,0698.1k $314.0k $314.0k 0.03% Added +238 +238
48 CFS Investment Advisory Services, LLC 0.02% of their portfolio TOTOWA, NJ 7,8397.8k $305.0k $305.0k 0.02% Reduced -372 -372
49 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 7,8357.8k $304.9k $304.9k 0.00% Added +250 +250
50 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 7,7827.8k $302.9k $302.9k 0.00% Added +58 +58
51 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 7,1217.1k $277.1k $277.1k 0.00% Added +8 +8
52 CFO4Life Group, LLC 0.04% of their portfolio COPPELL, TX 6,5106.5k $253.3k $253.3k 0.04% Added +59 +59
53 EVERGREEN CAPITAL MANAGEMENT LLC 0.01% of their portfolio Bellevue, WA 6,0406.0k $235.1k $235.1k 0.01% Unchanged
54 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 6,0016.0k $231.8k $231.8k 0.00% Added +2.2k +2,178
55 UBS Group AG 0.00% of their portfolio ZURICH, V8 5,7995.8k $225.7k $225.7k 0.00% Reduced -248 -248
56 EP Wealth Advisors, LLC 0.00% of their portfolio TORRANCE, CA 5,7375.7k $223.3k $223.3k 0.00% Reduced -297 -297
57 Access Investment Management LLC 0.05% of their portfolio ATLANTA, GA 4,6754.7k $181.9k $181.9k 0.05% First filing
58 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 4,2644.3k $165.7k $165.7k 0.00% Reduced -1.5k -1,491
59 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 3,9634.0k $154.2k $154.2k 0.00% Added +655 +655
60 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 3,9353.9k $153.1k $153.1k 0.00% Unchanged
61 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 3,5333.5k $137.5k $137.5k 0.00% Reduced -13.2k -13,195
62 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 3,3903.4k $131.9k $131.9k 0.00% Added +50 +50
63 C M BIDWELL & ASSOCIATES LTD 0.06% of their portfolio HONOLULU, HI 2,9753.0k $115.8k $115.8k 0.06% Unchanged
64 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 2,5682.6k $99.9k $99.9k 0.00% Reduced -2.3k -2,304
65 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 2,3992.4k $93.4k $93.4k 0.00% Reduced -153 -153
66 Bell Investment Advisors, Inc 0.02% of their portfolio ORINDA, CA 2,3232.3k $90.4k $90.4k 0.02% Added +955 +955
67 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 2,2562.3k $87.8k $87.8k 0.00% New
68 Aptus Capital Advisors, LLC 0.00% of their portfolio FAIRHOPE, AL 1,9602.0k $76.3k $76.3k 0.00% Added +1 +1
69 CWM, LLC 0.00% of their portfolio OMAHA, NE 1,8431.8k $72.0k $72.0k 0.00% Reduced -30 -30
70 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 1,3571.4k $52.8k $52.8k 0.00% Added +10 +10
71 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 1,1711.2k $45.6k $45.6k 0.00% Unchanged
72 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 989989 $38.5k $38.5k 0.00% Reduced -31 -31
73 Ameritas Advisory Services, LLC 0.00% of their portfolio Lincoln, NE 693693 $27.0k $27.0k 0.00% New
74 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 687687 $26.7k $26.7k 0.00% Reduced -4.2k -4,225
75 Versant Capital Management, Inc 0.00% of their portfolio PHOENIX, AZ 580580 $22.6k $22.6k 0.00% Unchanged
76 Clearstead Advisors, LLC 0.00% of their portfolio CLEVELAND, OH 536536 $25.6k $25.6k 0.00% Added +194 +194
77 LRI Investments, LLC 0.00% of their portfolio PALM BEACH GARDENS, FL 527527 $20.5k $20.5k 0.00% Unchanged
78 Capital Analysts, LLC 0.00% of their portfolio FORT WASHINGTON, PA 519519 $20.0k $20.0k 0.00% Unchanged
79 Dunhill Financial, LLC 0.00% of their portfolio LONDON, X0 359359 $14.0k $14.0k 0.00% Unchanged
80 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 338338 $13.2k $13.2k 0.00% Unchanged
81 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 332332 $12.9k $12.9k 0.00% New
82 Glenmede Investment Management, LP 0.00% of their portfolio PHILADELPHIA, PA 321321 $12.5k $12.5k 0.00% First filing
83 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio Stamford, CT 268268 $10.4k $10.4k 0.00% Unchanged
84 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 256256 $10.0k $10.0k 0.00% Reduced -200 -200
85 TruNorth Capital Management, LLC 0.00% of their portfolio KALAMAZOO, MI 214214 $8.3k $8.3k 0.00% Unchanged
86 GPS Wealth Strategies Group, LLC 0.00% of their portfolio CENTENNIAL, CO 211211 $8.2k $8.2k 0.00% Unchanged
87 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 210210 $8.2k $8.2k 0.00% Added +139 +139
88 Moisand Fitzgerald Tamayo, LLC 0.00% of their portfolio ORLANDO, FL 206206 $8.0k $8.0k 0.00% Unchanged
89 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 171171 $6.7k $6.7k 0.00% Unchanged
90 Capital Investment Advisory Services, LLC 0.00% of their portfolio RALEIGH, NC 151151 $5.9k $5.9k 0.00% Unchanged
91 BFSG, LLC 0.00% of their portfolio IRVINE, CA 146146 $5.7k $5.7k 0.00% Unchanged
92 Abound Wealth Management 0.00% of their portfolio FRANKLIN, TN 120120 $4.7k $4.7k 0.00% New
93 Accredited Wealth Management, LLC 0.00% of their portfolio LOUISVILLE, KY 8080 $3.1k $3.1k 0.00% New
94 FSA Wealth Management LLC 0.00% of their portfolio Needham, MA 6868 $2.6k $2.6k 0.00% Unchanged
95 Aspect Partners, LLC 0.00% of their portfolio FAIRFAX, VA 2121 $817 $817 0.00% Unchanged
96 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 1010 $389 $389 0.00% Unchanged
97 GUARDIAN WEALTH ADVISORS, LLC / NC 0.00% of their portfolio RALEIGH, NC 55 $195 $195 0.00% Unchanged
98 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged