Vault-13

INVESCO EXCH TRADED FD TR II XSHQ

S&P SMLCAP QTY · ETP · CUSIP 46138G300

78 institutional holders -3 vs Q1 2025
5,497,3455.5m shares reported held*
$223.9mreported value*
14 new 31 added 26 reduced 18 sold out net sold ≈ $123.3m (-3.0m 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 ≈ $40.74. Options: 2 managers hold calls ($18.8m notional), 0 hold puts (—).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 20Q4 22: 20Q1 23: 19Q2 23: 18Q3 23: 24Q4 23: 37Q1 24: 49Q2 24: 48Q3 24: 64Q4 24: 73Q1 25: 81Q2 25: 7878Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202220
Q4 202220
Q1 202319
Q2 202318
Q3 202324
Q4 202337
Q1 202449
Q2 202448
Q3 202464
Q4 202473
Q1 202581
Q2 202578

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 15 bought or addedQ3 23: 3 cut or sold outQ4 23: 22 bought or addedQ4 23: 8 cut or sold outQ4 23Q1 24: 33 bought or addedQ1 24: 11 cut or sold outQ2 24: 31 bought or addedQ2 24: 16 cut or sold outQ2 24Q3 24: 45 bought or addedQ3 24: 12 cut or sold outQ4 24: 42 bought or addedQ4 24: 23 cut or sold outQ4 24Q1 25: 57 bought or addedQ1 25: 24 cut or sold outQ2 25: 45 bought or addedQ2 25: 44 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023153
Q4 2023228
Q1 20243311
Q2 20243116
Q3 20244512
Q4 20244223
Q1 20255724
Q2 20254544

Calls vs puts

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

CallsPuts
$0$5m$10m$15m$20mQ3 24 calls: $12.9mQ3 24 puts: $0Q3 24P/C 0.00Q4 24 calls: $8.7mQ4 24 puts: $0Q4 24P/C 0.00Q1 25 calls: $7.6mQ1 25 puts: $0Q1 25P/C 0.00Q2 25 calls: $18.8mQ2 25 puts: $0Q2 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2024$12.9m$00.00
Q4 2024$8.7m$00.00
Q1 2025$7.6m$00.00
Q2 2025$18.8m$00.00

Biggest buyers

Larson Financial Group LLC Added +140,910+140.9k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +81,367+81.4k
FLOW TRADERS U.S. LLC New +77,289+77.3k
New York Life Investment Management LLC Added +52,535+52.5k
Employees' Retirement Fund of the City of Fort Worth New +50,000+50.0k
Alaska Permanent Capital Management, LLC Added +31,081+31.1k
Sanctuary Advisors, LLC New +23,963+24.0k
BNP PARIBAS FINANCIAL MARKETS New +20,000+20.0k
Foundry Financial Group, Inc. Added +15,535+15.5k
MORGAN STANLEY Added +14,438+14.4k

Biggest sellers

STIFEL FINANCIAL CORP Sold out -1,138,723-1.1m
BENJAMIN EDWARDS INC Sold out -979,889-979.9k
CONFLUENCE INVESTMENT MANAGEMENT LLC Sold out -459,211-459.2k
Accordant Advisory Group Inc Sold out -186,176-186.2k
SPX Gestao de Recursos Ltda Reduced -177,161-177.2k
LPL Financial LLC Reduced -173,751-173.8k
Capital Planning Advisors, LLC Sold out -95,281-95.3k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -83,502-83.5k
OSAIC HOLDINGS, INC. Reduced -58,787-58.8k
HighTower Advisors, LLC Reduced -42,372-42.4k

Biggest calls

SIMPLEX TRADING, LLC Added $18.8m279.3k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

None

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 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 1,096,7831.1m $44.7m $44.7m 0.01% Reduced -173.8k -173,751
2 New York Life Investment Management LLC 0.24% of their portfolio New York, NY 620,881620.9k $25.3m $25.3m 0.24% Added +52.5k +52,535
3 Larson Financial Group LLC 0.86% of their portfolio ST LOUIS, MO 527,455527.5k $21.5m $21.5m 0.86% Added +140.9k +140,910
4 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 419,127419.1k $17.1m $17.1m 0.01% Added +81.4k +81,367
5 Alaska Permanent Capital Management, LLC 1.13% of their portfolio ANCHORAGE, AK 357,731357.7k $14.5m $14.5m 1.13% Added +31.1k +31,081
6 Madison Asset Management, LLC 0.12% of their portfolio MADISON, WI 269,057269.1k $11.0m $11.0m 0.12% Added +13.8k +13,816
7 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 223,672223.7k $9.1m $9.1m 0.00% Added +14.4k +14,438
8 Breakwater Capital Group 1.27% of their portfolio PARAMUS, NJ 191,423191.4k $7.8m $7.8m 1.27% Reduced -13.8k -13,775
9 SPX Gestao de Recursos Ltda 0.72% of their portfolio RIO DE JANEIRO, D5 189,080189.1k $7.7m $7.7m 0.72% Reduced -177.2k -177,161
10 Alaska Wealth Advisors, LLC 0.68% of their portfolio ANCHORAGE, AK 116,692116.7k $4.8m $4.8m 0.68% Added +7.1k +7,120
11 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 109,172109.2k $4.5m $4.5m 0.01% Reduced -58.8k -58,787
12 BEACON FINANCIAL PLANNING, INC 2.14% of their portfolio HYANNIS, MA 94,31594.3k $3.8m $3.8m 2.14% Reduced -6.0k -5,985
13 Intrua Financial, LLC 0.49% of their portfolio Houston, TX 84,54384.5k $3.4m $3.4m 0.49% Added +2.0k +2,043
14 Private Advisory Group LLC 0.29% of their portfolio REDMOND, WA 77,32077.3k $3.1m $3.1m 0.29% Added +5.8k +5,814
15 FLOW TRADERS U.S. LLC 0.12% of their portfolio NEW YORK, NY 77,28977.3k $3.1m $3.1m 0.12% New
16 Foundry Financial Group, Inc. 1.76% of their portfolio LACONIA, NH 75,90775.9k $3.1m $3.1m 1.76% Added +15.5k +15,535
17 DHJJ Financial Advisors, Ltd. 1.05% of their portfolio NAPERVILLE, IL 71,64171.6k $2.9m $2.9m 1.05% Added +259 +259
18 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 64,55964.6k $2.6m $2.6m 0.00% Reduced -9.5k -9,520
19 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 61,14061.1k $2.5m $2.5m 0.00% Reduced -26.6k -26,614
20 Perigon Wealth Management, LLC 0.06% of their portfolio SAN FRANCISCO, CA 58,58658.6k $2.4m $2.4m 0.06% Reduced -25.3k -25,332
21 Equitable Holdings, Inc. 0.02% of their portfolio NEW YORK, NY 50,03050.0k $2.0m $2.0m 0.02% Added +2.0k +2,044
22 Employees' Retirement Fund of the City of Fort Worth 0.93% of their portfolio FORT WORTH, TX 50,00050.0k $2.0m $2.0m 0.93% New
23 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 42,88442.9k $1.7m $1.7m 0.00% Reduced -2.8k -2,777
24 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 37,24537.2k $1.5m $1.5m 0.00% Reduced -83.5k -83,502
25 Fifth Third Securities, Inc. 0.11% of their portfolio Cincinnati, OH 35,38235.4k $1.4m $1.4m 0.11% Added +10.7k +10,692
26 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 27,05227.1k $1.1m $1.1m 0.00% Reduced -169 -169
27 Family Manage LLC 0.15% of their portfolio NEW YORK, NY 24,58624.6k $1.0m $1.0m 0.15% Added +2.6k +2,629
28 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 23,96324.0k $976.0k $976.0k 0.01% New
29 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 21,22221.2k $864.4k $864.4k 0.00% Reduced -20.5k -20,491
30 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 21,11021.1k $859.8k $859.8k 0.00% Added +1.1k +1,083
31 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 20,37020.4k $829.7k $829.7k 0.00% Reduced -42.4k -42,372
32 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 20,00020.0k $814.6k $814.6k 0.00% New
33 Golden State Wealth Management, LLC 0.10% of their portfolio SANTA ANA, CA 19,42919.4k $791.4k $791.4k 0.10% Added +3.8k +3,778
34 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 18,34618.3k $747.2k $747.2k 0.00% Added +10.8k +10,812
35 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 18,25818.3k $744.0k $744.0k 0.00% Added +9.7k +9,739
36 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 18,19518.2k $743.6k $743.6k 0.00% Added +10.5k +10,474
37 GHP Investment Advisors, Inc. 0.03% of their portfolio Denver, CO 17,40617.4k $708.9k $708.9k 0.03% Added +30 +30
38 ROMAN BUTLER FULLERTON & CO 0.19% of their portfolio ST LOUIS, MO 15,37515.4k $636.2k $636.2k 0.19% Reduced -490 -490
39 UBS Group AG 0.00% of their portfolio ZURICH, V8 14,13414.1k $575.7k $575.7k 0.00% New
40 TWIN PEAKS WEALTH ADVISORS, LLC 0.19% of their portfolio SAN FRANCISCO, CA 13,81813.8k $594.5k $594.5k 0.19% Reduced -512 -512
41 Consolidated Portfolio Review Corp 0.08% of their portfolio WOODBURY, NY 13,81013.8k $562.5k $562.5k 0.08% Added +1.7k +1,653
42 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 13,56913.6k $552.7k $552.7k 0.00% New
43 Schwallier Wealth Management LLC 0.31% of their portfolio GRAND RAPIDS, MI 12,49912.5k $509.1k $509.1k 0.31% Reduced -9.6k -9,624
44 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 10,97011.0k $447.0k $447.0k 0.00% New
45 TAGStone Capital, Inc. 0.19% of their portfolio CHARLOTTE, NC 10,89610.9k $452.9k $452.9k 0.19% New
46 Nikulski Financial, Inc. 0.12% of their portfolio BETTENDORF, IA 10,42010.4k $424.4k $424.4k 0.12% Added +5.1k +5,085
47 SIGNATURE ESTATE & INVESTMENT ADVISORS LLC 0.01% of their portfolio LOS ANGELES, CA 9,95210.0k $405.3k $405.3k 0.01% New
48 Good Life Advisors, LLC 0.03% of their portfolio READING, PA 9,9339.9k $404.6k $404.6k 0.03% Reduced -21.7k -21,664
49 Financial Advocates Investment Management 0.03% of their portfolio OLYMPIA, WA 9,0329.0k $367.9k $367.9k 0.03% Reduced -807 -807
50 HARBOUR INVESTMENTS, INC. 0.01% of their portfolio MADISON, WI 9,0299.0k $367.8k $367.8k 0.01% Added +4.1k +4,084
51 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 8,4988.5k $346.1k $346.1k 0.00% New
52 Archer Investment Management, LLC 0.24% of their portfolio AUSTIN, TX 8,1228.1k $330.8k $330.8k 0.24% New
53 IHT Wealth Management, LLC 0.01% of their portfolio Chicago, IL 7,6027.6k $309.6k $309.6k 0.01% Reduced -637 -637
54 Fox Financial, Inc 0.24% of their portfolio WYOMISSING, PA 6,8816.9k $280.3k $280.3k 0.24% Reduced -29 -29
55 Kingsview Wealth Management, LLC 0.00% of their portfolio GRANTS PASS, OR 6,2036.2k $252.6k $252.6k 0.00% Added +580 +580
56 Mascagni Wealth Management, Inc. 0.21% of their portfolio CLINTON, MS 6,1736.2k $251.4k $251.4k 0.21% Added +7 +7
57 AVANTAX ADVISORY SERVICES, INC. 0.00% of their portfolio DALLAS, TX 6,1606.2k $250.9k $250.9k 0.00% Reduced -136 -136
58 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 5,6985.7k $232.1k $232.1k 0.00% Reduced -12.0k -12,005
59 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 5,6735.7k $231.0k $231.0k 0.00% Added +31 +31
60 SeaCrest Wealth Management, LLC 0.02% of their portfolio PURCHASE, NY 5,5955.6k $227.9k $227.9k 0.02% Reduced -1.8k -1,750
61 Snowden Capital Advisors LLC 0.01% of their portfolio New York, NY 5,5315.5k $225.3k $225.3k 0.01% Added +83 +83
62 Brookstone Capital Management 0.00% of their portfolio WHEATON, IL 5,3475.3k $217.8k $217.8k 0.00% New
63 Centennial Bank/AR/ 0.07% of their portfolio CONWAY, AR 3,9994.0k $162.9k $162.9k 0.07% Reduced -3.7k -3,701
64 Capital Investment Advisory Services, LLC 0.01% of their portfolio RALEIGH, NC 2,3502.4k $95.7k $95.7k 0.01% New
65 Cullen/Frost Bankers, Inc. 0.00% of their portfolio San Antonio, TX 2,2852.3k $93.1k $93.1k 0.00% Added +662 +662
66 GPS Wealth Strategies Group, LLC 0.01% of their portfolio CENTENNIAL, CO 1,3131.3k $53.5k $53.5k 0.01% Unchanged
67 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 800800 $32.6k $32.6k 0.00% Reduced -800 -800
68 Capital Analysts, LLC 0.00% of their portfolio FORT WASHINGTON, PA 724724 $29.0k $29.0k 0.00% Added +1 +1
69 COMERICA BANK 0.00% of their portfolio DALLAS, TX 707707 $28.8k $28.8k 0.00% Reduced -8.8k -8,783
70 TD Capital Management LLC 0.00% of their portfolio MEMPHIS, TN 675675 $27.5k $27.5k 0.00% Unchanged
71 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 500500 $20.4k $20.4k 0.00% First filing
72 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 349349 $14.2k $14.2k 0.00% Unchanged
73 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 328328 $13.4k $13.4k 0.00% Added +95 +95
74 FMR LLC 0.00% of their portfolio BOSTON, MA 293293 $11.9k $11.9k 0.00% Added +173 +173
75 Aptus Capital Advisors, LLC 0.00% of their portfolio FAIRHOPE, AL 200200 $8.2k $8.2k 0.00% Unchanged
76 CENTRAL TRUST Co 0.00% of their portfolio JEFFERSON CITY, MO 5151 $2.1k $2.1k 0.00% Unchanged
77 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 00 $11 $11 0.00% New
78 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged