Vault-13

INVESCO EXCH TRADED FD TR II PDN

FTSE RAFI SML · ETP · CUSIP 46138E735

107 institutional holders +5 vs Q4 2025
4,657,9354.7m shares reported held*
$202.1mreported value*
11 new 33 added 30 reduced 7 sold out net bought ≈ $2.7m (+62.1k 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 ($272.9k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $43.38.

Trends to Q1 2026

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: 98Q3 25: 108Q4 25: 102Q1 26: 107107Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q3 2025108
Q4 2025102
Q1 2026107

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 24: 40 bought or addedQ2 24: 48 cut or sold outQ3 24: 43 bought or addedQ3 24: 38 cut or sold outQ3 24Q4 24: 38 bought or addedQ4 24: 38 cut or sold outQ1 25: 43 bought or addedQ1 25: 38 cut or sold outQ1 25Q2 25: 39 bought or addedQ2 25: 42 cut or sold outQ3 25: 50 bought or addedQ3 25: 37 cut or sold outQ3 25Q4 25: 39 bought or addedQ4 25: 51 cut or sold outQ1 26: 44 bought or addedQ1 26: 37 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20244048
Q3 20244338
Q4 20243838
Q1 20254338
Q2 20253942
Q3 20255037
Q4 20253951
Q1 20264437

Biggest buyers

LPL Financial LLC Added +155,469+155.5k
CITADEL ADVISORS LLC Added +138,213+138.2k
JANE STREET GROUP, LLC Added +84,343+84.3k
FLOW TRADERS U.S. LLC New +29,493+29.5k
Virtus Family Office LLC New +22,309+22.3k
Brooklyn Investment Group New +6,243+6.2k
MORGAN STANLEY Added +3,839+3.8k
CIBC WORLD MARKET INC. Added +2,921+2.9k
AMERIPRISE FINANCIAL INC Added +2,512+2.5k
Creative Planning Added +1,915+1.9k

Biggest sellers

CHARLES SCHWAB INVESTMENT MANAGEMENT INC Reduced -163,825-163.8k
Invesco Ltd. Reduced -113,017-113.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -68,405-68.4k
MERCER GLOBAL ADVISORS INC /ADV Reduced -11,437-11.4k
Orion Porfolio Solutions, LLC Sold out -7,414-7.4k
DROMS STRAUSS ADVISORS INC /MO/ /ADV Reduced -6,742-6.7k
CUTLER INVESTMENT COUNSEL LLC Reduced -6,061-6.1k
Opes Wealth Management LLC Reduced -3,000-3.0k
Robinswood Financial LLC Reduced -2,224-2.2k
BANK OF AMERICA CORP /DE/ Reduced -2,205-2.2k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 2,024,9662.0m $87.8m $87.8m 0.01% Reduced -163.8k -163,825
2 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 251,146251.1k $10.9m $10.9m 0.00% Reduced -113.0k -113,017
3 Opes Wealth Management LLC 1.44% of their portfolio MENLO PARK, CA 194,811194.8k $8.4m $8.4m 1.44% Reduced -3.0k -3,000
4 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 184,062184.1k $8.0m $8.0m 0.01% Reduced -524 -524
5 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 182,638182.6k $7.9m $7.9m 0.00% Added +155.5k +155,469
6 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 177,701177.7k $7.7m $7.7m 0.01% Added +138.2k +138,213
7 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 110,571110.6k $4.8m $4.8m 0.01% Added +84.3k +84,343
8 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 107,557107.6k $4.7m $4.7m 0.00% Added +2.5k +2,512
9 CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio RALEIGH, NC 106,802106.8k $4.6m $4.6m 0.01% Added +417 +417
10 DROMS STRAUSS ADVISORS INC /MO/ /ADV 1.14% of their portfolio ST. LOUIS, MO 100,709100.7k $4.4m $4.4m 1.14% Reduced -6.7k -6,742
11 CUTLER INVESTMENT COUNSEL LLC 0.44% of their portfolio Jacksonville, OR 98,03598.0k $4.3m $4.3m 0.44% Reduced -6.1k -6,061
12 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 96,19396.2k $4.2m $4.2m 0.01% Reduced -68.4k -68,405
13 Robinswood Financial LLC 1.15% of their portfolio KIRKLAND, WA 84,28884.3k $3.7m $3.7m 1.15% Reduced -2.2k -2,224
14 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 76,75476.8k $3.3m $3.3m 0.00% Added +123 +123
15 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 64,69164.7k $2.8m $2.8m 0.00% Added +3.8k +3,839
16 KWB Wealth 0.21% of their portfolio REDLANDS, CA 49,98850.0k $2.1m $2.1m 0.21% Reduced -584 -584
17 Modern Wealth Management, LLC 0.03% of their portfolio KANSAS CITY, MO 44,73044.7k $2.0m $2.0m 0.03% Reduced -138 -138
18 Crusonia Wealth Advisors LLC 0.33% of their portfolio DENVER, CO 37,09537.1k $1.6m $1.6m 0.33% Added +70 +70
19 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 30,96631.0k $1.3m $1.3m 0.00% Added +2.9k +2,921
20 STUDIO INVESTMENT MANAGEMENT LLC 0.24% of their portfolio CHICAGO, IL 30,38830.4k $1.3m $1.3m 0.24% Reduced -663 -663
21 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 30,30330.3k $1.3m $1.3m 0.00% Reduced -78 -78
22 L & S Advisors Inc 0.16% of their portfolio Los Angeles, CA 29,72429.7k $1.3m $1.3m 0.16% Added +139 +139
23 FLOW TRADERS U.S. LLC 0.04% of their portfolio NEW YORK, NY 29,49329.5k $1.3m $1.3m 0.04% New
24 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 29,04329.0k $1.3m $1.3m 0.00% Added +1.9k +1,915
25 Charles Schwab Trust Co 0.08% of their portfolio HENDERSON, NV 28,87028.9k $1.3m $1.3m 0.08% Reduced -1.4k -1,404
26 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 23,60823.6k $1.0m $1.0m 0.00% Reduced -1.8k -1,845
27 Virtus Family Office LLC 0.83% of their portfolio EL PASO, TX 22,30922.3k $967.5k $967.5k 0.83% New
28 SMITH, MOORE & CO. 0.07% of their portfolio CLAYTON, MO 22,24422.2k $964.7k $964.7k 0.07% Added +310 +310
29 Klingman & Associates, LLC 0.04% of their portfolio New York, NY 21,34221.3k $925.6k $925.6k 0.04% Unchanged
30 Beckerman Institutional, LLC 0.40% of their portfolio OCEAN GROVE, NJ 17,34417.3k $752.2k $752.2k 0.40% Unchanged
31 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 17,29917.3k $750.3k $750.3k 0.00% Reduced -332 -332
32 AlphaCore Capital LLC 0.02% of their portfolio LA JOLLA, CA 17,17617.2k $744.9k $744.9k 0.02% Reduced -42 -42
33 Robertson Stephens Wealth Management, LLC 0.02% of their portfolio San Francisco, CA 16,27816.3k $706.0k $706.0k 0.02% Unchanged
34 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 15,24615.2k $661.2k $661.2k 0.00% Added +431 +431
35 Asset Dedication, LLC 0.04% of their portfolio SAN FRANCISCO, CA 14,71814.7k $638.3k $638.3k 0.04% Reduced -527 -527
36 Mariner, LLC 0.00% of their portfolio Overland Park, KS 14,20414.2k $616.0k $616.0k 0.00% Added +639 +639
37 Sequoia Financial Advisors, LLC 0.00% of their portfolio Akron, OH 14,14214.1k $613.3k $613.3k 0.00% Unchanged
38 Sensible Money, LLC 0.16% of their portfolio SCOTTSDALE, AZ 12,35012.3k $535.6k $535.6k 0.16% Added +26 +26
39 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 11,96112.0k $518.7k $518.7k 0.00% Reduced -2.2k -2,205
40 FMR LLC 0.00% of their portfolio BOSTON, MA 11,63511.6k $504.6k $504.6k 0.00% Added +171 +171
41 Westmount Partners, LLC 0.12% of their portfolio LOS ANGELES, CA 11,29611.3k $489.9k $489.9k 0.12% Unchanged
42 CoreCap Advisors, LLC 0.02% of their portfolio SOUTHFIELD, MI 11,24911.2k $487.9k $487.9k 0.02% Reduced -230 -230
43 Williams & Novak, LLC 0.36% of their portfolio WESTLAKE VILLAGE, CA 10,75510.8k $474.3k $474.3k 0.36% Unchanged
44 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 10,59010.6k $459.3k $459.3k 0.00% Added +1.9k +1,875
45 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 9,9329.9k $430.7k $430.7k 0.00% Reduced -11.4k -11,437
46 Index Fund Advisors, Inc. 0.02% of their portfolio IRVINE, CA 9,5069.5k $412.3k $412.3k 0.02% Unchanged
47 Elm3 Financial Group, LLC 0.30% of their portfolio ALPHARETTA, GA 8,2578.3k $358.1k $358.1k 0.30% Added +43 +43
48 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 8,2518.3k $357.8k $357.8k 0.00% Added +384 +384
49 JFS WEALTH ADVISORS, LLC 0.02% of their portfolio HERMITAGE, PA 8,1248.1k $352.3k $352.3k 0.02% Reduced -431 -431
50 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 7,9357.9k $334.3k $334.3k 0.00% Added +1.1k +1,123
51 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 7,7827.8k $337.5k $337.5k 0.00% Reduced -1 -1
52 CFS Investment Advisory Services, LLC 0.02% of their portfolio TOTOWA, NJ 7,6697.7k $358.8k $358.8k 0.02% Unchanged
53 UBS Group AG 0.00% of their portfolio ZURICH, V8 7,5287.5k $326.5k $326.5k 0.00% Reduced -210 -210
54 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 7,2237.2k $313.3k $313.3k 0.00% Added +184 +184
55 MB Generational Wealth, LLC 0.17% of their portfolio SPOKANE, WA 7,2067.2k $312.5k $312.5k 0.17% Unchanged
56 CFO4Life Group, LLC 0.04% of their portfolio COPPELL, TX 6,6726.7k $289.4k $289.4k 0.04% Added +43 +43
57 Summit Financial Strategies, Inc. 0.02% of their portfolio Columbus, OH 6,5446.5k $283.8k $283.8k 0.02% Reduced -1.4k -1,407
58 Brooklyn Investment Group 0.01% of their portfolio NEW YORK, NY 6,2436.2k $270.8k $270.8k 0.01% New
59 Wealthspire Advisors, LLC 0.00% of their portfolio NEW YORK, NY 5,0165.0k $217.5k $217.5k 0.00% Unchanged
60 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 4,7464.7k $205.8k $205.8k 0.00% Unchanged
61 Access Investment Management LLC 0.05% of their portfolio ATLANTA, GA 4,6754.7k $202.8k $202.8k 0.05% Unchanged
62 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 4,5354.5k $196.7k $196.7k 0.00% Added +200 +200
63 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 3,9353.9k $170.7k $170.7k 0.00% Unchanged
64 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 3,4463.4k $149.4k $149.4k 0.00% Reduced -1.0k -1,010
65 BlackRock, Inc. 0.00% of their portfolio New York, NY 3,1313.1k $135.8k $135.8k 0.00% Added +1.9k +1,892
66 C M BIDWELL & ASSOCIATES LTD 0.06% of their portfolio HONOLULU, HI 2,9753.0k $129.0k $129.0k 0.06% Unchanged
67 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 2,5702.6k $111.5k $111.5k 0.00% Added +2 +2
68 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 2,4322.4k $105.5k $105.5k 0.00% Added +4 +4
69 Aptus Capital Advisors, LLC 0.00% of their portfolio FAIRHOPE, AL 1,9852.0k $86.1k $86.1k 0.00% Added +1 +1
70 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 1,9341.9k $83.9k $83.9k 0.00% Added +61 +61
71 CWM, LLC 0.00% of their portfolio OMAHA, NE 1,8081.8k $78.4k $78.4k 0.00% Unchanged
72 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 1,7981.8k $78.0k $78.0k 0.00% Added +140 +140
73 Bell Investment Advisors, Inc 0.01% of their portfolio ORINDA, CA 1,6721.7k $72.5k $72.5k 0.01% Unchanged
74 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,4101.4k $59.2k $59.2k 0.00% Added +324 +324
75 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 1,2551.3k $55.3k $55.3k 0.00% Reduced -1 -1
76 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 1,1711.2k $50.8k $50.8k 0.00% Unchanged
77 Root Financial Partners, LLC 0.00% of their portfolio ENCINITAS, CA 986986 $42.8k $42.8k 0.00% Unchanged
78 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 934934 $40.5k $40.5k 0.00% Reduced -73 -73
79 Sunrise Financial Services, LLC 0.02% of their portfolio BURIEN, WA 804804 $34.9k $34.9k 0.02% New
80 VANGUARD ADVISERS INC 0.00% of their portfolio Malvern, PA 724724 $31.4k $31.4k 0.00% First filing
81 Capital Analysts, LLC 0.00% of their portfolio FORT WASHINGTON, PA 532532 $23.0k $23.0k 0.00% Added +3 +3
82 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 519519 $22.5k $22.5k 0.00% New
83 Versant Capital Management, Inc 0.00% of their portfolio PHOENIX, AZ 427427 $18.5k $18.5k 0.00% Unchanged
84 Dunhill Financial, LLC 0.00% of their portfolio LONDON, X0 359359 $15.6k $15.6k 0.00% Unchanged
85 GLENMEDE TRUST CO NA 0.00% of their portfolio PHILADELPHIA, PA 321321 $13.9k $13.9k 0.00% Unchanged
86 GILL CAPITAL PARTNERS, LLC 0.00% of their portfolio DENVER, CO 320320 $13.9k $13.9k 0.00% New
87 JPL Wealth Management, LLC 0.00% of their portfolio GREENWOOD VILLAGE, CO 315315 $13.7k $13.7k 0.00% New
88 RETIREMITTEN FINANCIAL LLC 0.01% of their portfolio MILFORD, MI 296296 $12.8k $12.8k 0.01% First filing
89 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio Stamford, CT 241241 $10.5k $10.5k 0.00% Reduced -10 -10
90 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 236236 $10.2k $10.2k 0.00% Reduced -20 -20
91 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 215215 $9.3k $9.3k 0.00% New
92 Moisand Fitzgerald Tamayo, LLC 0.00% of their portfolio ORLANDO, FL 206206 $8.9k $8.9k 0.00% Unchanged
93 Burk Holdings LLC 0.00% of their portfolio TULSA, OK 199199 $8.6k $8.6k 0.00% New
94 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 176176 $7.6k $7.6k 0.00% Unchanged
95 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 171171 $7.4k $7.4k 0.00% Unchanged
96 Capital Investment Advisory Services, LLC 0.00% of their portfolio RALEIGH, NC 151151 $6.5k $6.5k 0.00% Unchanged
97 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 145145 $6.3k $6.3k 0.00% Added +1 +1
98 BROWN BROTHERS HARRIMAN & CO 0.00% of their portfolio NEW YORK, NY 117117 $5.1k $5.1k 0.00% Unchanged
99 TD Waterhouse Canada Inc. 0.00% of their portfolio TORONTO, A6 8989 $3.9k $3.9k 0.00% Unchanged
100 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 8888 $3.8k $3.8k 0.00% Unchanged