Vault-13

INVESCO EXCH TRADED FD TR II TAN

SOLAR ETF · ETP · CUSIP 46138G706

181 institutional holders -6 vs Q1 2025
4,967,6395.0m shares reported held*
$170.4mreported value*
25 new 32 added 55 reduced 30 sold out net sold ≈ $167.7m (-4.9m 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 ≈ $34.29. Options: 18 managers hold calls ($101.1m notional), 14 hold puts ($134.9m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 319Q4 22: 340Q1 23: 318Q2 23: 295Q3 23: 272Q4 23: 287Q1 24: 241Q2 24: 236Q3 24: 220Q4 24: 203Q1 25: 187Q2 25: 181181Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022319
Q4 2022340
Q1 2023318
Q2 2023295
Q3 2023272
Q4 2023287
Q1 2024241
Q2 2024236
Q3 2024220
Q4 2024203
Q1 2025187
Q2 2025181

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 23: 106 bought or addedQ3 23: 137 cut or sold outQ4 23: 117 bought or addedQ4 23: 116 cut or sold outQ4 23Q1 24: 85 bought or addedQ1 24: 162 cut or sold outQ2 24: 75 bought or addedQ2 24: 126 cut or sold outQ2 24Q3 24: 65 bought or addedQ3 24: 121 cut or sold outQ4 24: 58 bought or addedQ4 24: 125 cut or sold outQ4 24Q1 25: 57 bought or addedQ1 25: 102 cut or sold outQ2 25: 57 bought or addedQ2 25: 85 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023106137
Q4 2023117116
Q1 202485162
Q2 202475126
Q3 202465121
Q4 202458125
Q1 202557102
Q2 20255785

Calls vs puts

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

CallsPuts
$0$100m$200m$300mQ3 24 calls: $263.9mQ3 24 puts: $121.1mQ3 24P/C 0.46Q4 24 calls: $141.2mQ4 24 puts: $76.6mQ4 24P/C 0.54Q1 25 calls: $113.1mQ1 25 puts: $92.1mQ1 25P/C 0.81Q2 25 calls: $101.1mQ2 25 puts: $134.9mQ2 25P/C 1.33
Numbers
QuarterCallsPutsP/C
Q3 2024$263.9m$121.1m0.46
Q4 2024$141.2m$76.6m0.54
Q1 2025$113.1m$92.1m0.81
Q2 2025$101.1m$134.9m1.33

Biggest buyers

LMR Partners LLP New +182,490+182.5k
UBS Group AG Added +153,595+153.6k
SG Americas Securities, LLC Added +138,818+138.8k
D. E. Shaw & Co., Inc. Added +120,307+120.3k
JPMORGAN CHASE & CO Added +103,322+103.3k
CITADEL ADVISORS LLC Added +92,724+92.7k
ROYAL BANK OF CANADA Added +61,264+61.3k
TUDOR INVESTMENT CORP ET AL Added +33,391+33.4k
Maven Securities LTD New +18,383+18.4k
Corient Private Wealth LP New +16,039+16.0k

Biggest sellers

Migdal Insurance & Financial Holdings Ltd. Sold out -2,705,000-2.7m
Clal Insurance Enterprises Holdings Ltd Reduced -1,544,000-1.5m
NATIONAL BANK OF CANADA /FI/ Reduced -248,133-248.1k
MEITAV INVESTMENT HOUSE LTD Sold out -246,098-246.1k
Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD Sold out -184,729-184.7k
GOLDMAN SACHS GROUP INC Reduced -127,003-127.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -103,907-103.9k
ALTFEST L J & CO INC Sold out -81,321-81.3k
Verition Fund Management LLC Reduced -77,830-77.8k
MORGAN STANLEY Reduced -77,094-77.1k

Biggest calls

Arosa Capital Management LP New $20.6m600.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $18.4m537.6k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $12.0m350.9k shares
IMC-Chicago, LLC Added $10.4m303.0k shares
GROUP ONE TRADING LLC Added $10.2m296.9k shares
BARCLAYS PLC Unchanged $7.2m210.0k shares
CITADEL ADVISORS LLC Reduced $6.3m184.7k shares
Walleye Trading LLC Added $3.8m112.1k shares
ARDSLEY ADVISORY PARTNERS LP Unchanged $3.4m100.0k shares
JANE STREET GROUP, LLC Reduced $3.4m99.8k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $21.1m615.0k shares
BANK OF AMERICA CORP /DE/ Added $20.6m600.0k shares
PEAK6 LLC Added $18.8m547.8k shares
CITADEL ADVISORS LLC Added $15.1m439.7k shares
UBS Group AG Added $13.9m406.3k shares
JANE STREET GROUP, LLC Added $12.3m360.1k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $9.1m266.4k shares
BANK OF MONTREAL /CAN/ New $8.6m250.0k shares
Walleye Trading LLC Added $7.7m224.0k shares
WOLVERINE TRADING, LLC New $3.5m102.5k 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 JANE STREET GROUP, LLC 0.03% of their portfolio NEW YORK, NY 570,880570.9k $19.6m $19.6m 0.03% Added +7.4k +7,429
2 UBS Group AG 0.00% of their portfolio ZURICH, V8 491,667491.7k $16.8m $16.8m 0.00% Added +153.6k +153,595
3 Clal Insurance Enterprises Holdings Ltd 0.12% of their portfolio Tel-aviv, L3 361,000361.0k $12.4m $12.4m 0.12% Reduced -1.5m -1,544,000
4 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 352,019352.0k $12.1m $12.1m 0.00% Reduced -77.1k -77,094
5 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 316,410316.4k $10.8m $10.8m 0.00% Reduced -65.7k -65,735
6 Verition Fund Management LLC 0.04% of their portfolio GREENWICH, CT 205,000205.0k $7.0m $7.0m 0.04% Reduced -77.8k -77,830
7 LMR Partners LLP 0.10% of their portfolio LONDON, X0 182,490182.5k $6.3m $6.3m 0.10% New
8 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 164,336164.3k $5.6m $5.6m 0.00% Reduced -25.6k -25,604
9 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 146,159146.2k $5.0m $5.0m 0.00% Added +120.3k +120,307
10 SG Americas Securities, LLC 0.02% of their portfolio NEW YORK, NY 142,702142.7k $4.9m $4.9m 0.02% Added +138.8k +138,818
11 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 138,914138.9k $4.8m $4.8m 0.00% Reduced -127.0k -127,003
12 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 132,780132.8k $4.5m $4.5m 0.00% Added +103.3k +103,322
13 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 131,556131.6k $4.5m $4.5m 0.00% Added +61.3k +61,264
14 CW Advisors, LLC 0.04% of their portfolio BOSTON, MA 126,661126.7k $4.3m $4.3m 0.04% Reduced -1.7k -1,723
15 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 113,533113.5k $3.9m $3.9m 0.00% Added +92.7k +92,724
16 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 108,369108.4k $3.7m $3.7m 0.00% Reduced -68.0k -67,962
17 TUDOR INVESTMENT CORP ET AL 0.02% of their portfolio STAMFORD, CT 88,70888.7k $3.0m $3.0m 0.02% Added +33.4k +33,391
18 Walleye Trading LLC 0.06% of their portfolio NEW YORK, NY 68,85468.9k $2.4m $2.4m 0.06% Reduced -12.3k -12,336
19 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 63,00963.0k $2.2m $2.2m 0.00% Reduced -17.0k -16,951
20 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 58,22358.2k $2.0m $2.0m 0.00% Reduced -26.8k -26,838
21 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 53,54453.5k $1.8m $1.8m 0.00% Reduced -103.9k -103,907
22 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 52,93152.9k $1.8m $1.8m 0.00% Reduced -371 -371
23 Caption Management, LLC 0.15% of their portfolio OKLAHOMA CITY, OK 49,00049.0k $1.7m $1.7m 0.15% Reduced -4.0k -4,000
24 PFG Investments, LLC 0.09% of their portfolio WOODBURY, NY 44,19044.2k $1.5m $1.5m 0.09% Reduced -12.6k -12,581
25 PATRIOT INVESTMENT MANAGEMENT GROUP, INC. 0.09% of their portfolio KNOXVILLE, TN 36,65436.7k $1.3m $1.3m 0.09% Unchanged
26 Money Design Co.,Ltd. 0.06% of their portfolio TOKYO, M0 35,02335.0k $1.2m $1.2m 0.06% Reduced -4.1k -4,075
27 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 29,50529.5k $1.0m $1.0m 0.00% Reduced -5.9k -5,932
28 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 28,42728.4k $974.0k $974.0k 0.00% Reduced -95 -95
29 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 26,19226.2k $897.3k $897.3k 0.00% Reduced -4.4k -4,400
30 TRUST CO OF VERMONT 0.04% of their portfolio BRATTLEBORO, VT 25,28325.3k $866.2k $866.2k 0.04% Reduced -1.2k -1,233
31 NATURAL INVESTMENTS, LLC 0.20% of their portfolio WINDSOR, CA 22,35322.4k $765.0k $765.0k 0.20% Added +2.6k +2,562
32 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 20,36020.4k $697.6k $697.6k 0.00% Reduced -6.2k -6,155
33 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 20,35120.4k $697.0k $697.0k 0.00% Reduced -8.8k -8,821
34 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 19,74519.7k $676.5k $676.5k 0.00% Unchanged
35 IHT Wealth Management, LLC 0.02% of their portfolio Chicago, IL 19,64219.6k $672.9k $672.9k 0.02% Reduced -2.3k -2,323
36 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 18,55218.6k $635.6k $635.6k 0.00% Reduced -5.2k -5,182
37 Maven Securities LTD 0.16% of their portfolio ST HELIER, Y9 18,38318.4k $629.8k $629.8k 0.16% New
38 Vontobel Holding Ltd. 0.00% of their portfolio ZURICH, V8 16,77516.8k $574.7k $574.7k 0.00% Reduced -21.3k -21,318
39 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 16,53016.5k $566.3k $566.3k 0.00% Reduced -220 -220
40 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 16,03916.0k $549.5k $549.5k 0.00% New
41 GTS SECURITIES LLC 0.02% of their portfolio NEW YORK, NY 15,81915.8k $542.0k $542.0k 0.02% New
42 Family Firm, Inc. 0.13% of their portfolio BETHESDA, MD 15,24715.2k $522.3k $522.3k 0.13% Reduced -298 -298
43 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 15,04715.0k $515.0k $515.0k 0.00% Added +5.9k +5,868
44 Equitable Holdings, Inc. 0.00% of their portfolio NEW YORK, NY 14,87614.9k $509.7k $509.7k 0.00% Added +1.1k +1,093
45 Verity Asset Management, Inc. 0.24% of their portfolio DURHAM, NC 14,78714.8k $506.6k $506.6k 0.24% Reduced -61 -61
46 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 14,62014.6k $500.9k $500.9k 0.00% Reduced -1.5k -1,501
47 Golden State Wealth Management, LLC 0.06% of their portfolio SANTA ANA, CA 14,49014.5k $496.4k $496.4k 0.06% Unchanged
48 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 13,87413.9k $475.3k $475.3k 0.00% New
49 NWAM LLC 0.03% of their portfolio MERCER ISLAND, WA 13,03413.0k $446.0k $446.0k 0.03% Added +2.2k +2,169
50 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 13,02313.0k $478.3k $478.3k 0.00% Added +6.4k +6,419
51 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 12,90812.9k $442.2k $442.2k 0.00% Added +892 +892
52 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 12,44312.4k $426.3k $426.3k 0.00% Added +85 +85
53 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 12,11712.1k $415.1k $415.1k 0.00% Added +197 +197
54 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 12,07312.1k $413.6k $413.6k 0.00% Reduced -248.1k -248,133
55 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 12,01412.0k $411.6k $411.6k 0.00% New
56 Perigon Wealth Management, LLC 0.01% of their portfolio SAN FRANCISCO, CA 11,40611.4k $390.8k $390.8k 0.01% Added +2.2k +2,200
57 PEAK6 LLC 0.01% of their portfolio AUSTIN, TX 10,19810.2k $349.4k $349.4k 0.01% Reduced -6.0k -6,004
58 DRW Securities, LLC 0.02% of their portfolio CHICAGO, IL 9,99110.0k $342.3k $342.3k 0.02% Reduced -4.1k -4,139
59 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 9,6089.6k $372.1k $372.1k 0.00% Reduced -8.9k -8,909
60 OLD MISSION CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 9,1449.1k $313.3k $313.3k 0.01% New
61 Welch & Forbes LLC 0.00% of their portfolio Boston, MA 8,6008.6k $294.6k $294.6k 0.00% Unchanged
62 Wealthfront Advisers LLC 0.00% of their portfolio Palo Alto, CA 8,1548.2k $279.4k $279.4k 0.00% Added +722 +722
63 SIG BROKERAGE, LP 0.08% of their portfolio BALA CYNWYD, PA 8,0018.0k $274.1k $274.1k 0.08% New
64 Mariner, LLC 0.00% of their portfolio Overland Park, KS 7,8527.9k $269.0k $269.0k 0.00% Added +51 +51
65 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 7,7767.8k $266.4k $266.4k 0.00% Reduced -50 -50
66 Quantitative Investment Management, LLC 0.03% of their portfolio CHARLOTTESVILLE, VA 7,3167.3k $250.0k $250.0k 0.03% New
67 Mutual Advisors, LLC 0.01% of their portfolio OMAHA, NE 7,0017.0k $273.8k $273.8k 0.01% Reduced -1.1k -1,136
68 SYCOMORE ASSET MANAGEMENT 0.04% of their portfolio PARIS, I0 6,5006.5k $273.0k $273.0k 0.04% Unchanged
69 Kilter Group LLC 0.10% of their portfolio RHINEBECK, NY 6,4016.4k $219.3k $219.3k 0.10% New
70 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 6,3606.4k $217.9k $217.9k 0.00% New
71 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 6,2496.2k $214.1k $214.1k 0.00% New
72 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.00% of their portfolio Madrid, U3 6,2046.2k $214.5k $214.5k 0.00% Reduced -2.1k -2,120
73 HAGER INVESTMENT MANAGEMENT SERVICES, LLC 0.12% of their portfolio NEW LONDON, NH 5,9035.9k $202.2k $202.2k 0.12% Reduced -4.8k -4,846
74 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 5,8435.8k $200.0k $200.0k 0.00% Reduced -1.5k -1,464
75 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 4,3414.3k $148.7k $148.7k 0.00% Reduced -40 -40
76 Banque Cantonale Vaudoise 0.01% of their portfolio LAUSANNE, V8 4,0004.0k $137.0k $137.0k 0.01% Unchanged
77 Sava Infond d.o.o. 0.02% of their portfolio MARIBOR, 2A 4,0004.0k $137.0k $137.0k 0.02% Unchanged
78 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 3,9594.0k $135.6k $135.6k 0.00% Added +35 +35
79 Anchor Investment Management, LLC 0.01% of their portfolio COLUMBIA, SC 3,8803.9k $132.9k $132.9k 0.01% Added +50 +50
80 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 3,4053.4k $116.7k $116.7k 0.00% Reduced -294 -294
81 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 3,0063.0k $103.0k $103.0k 0.00% Reduced -15 -15
82 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 2,7302.7k $93.5k $93.5k 0.00% Reduced -3.0k -3,050
83 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 2,5632.6k $87.8k $87.8k 0.00% Reduced -553 -553
84 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 2,4002.4k $82.2k $82.2k 0.00% Unchanged
85 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 2,2202.2k $76.1k $76.1k 0.00% Reduced -950 -950
86 CWM, LLC 0.00% of their portfolio OMAHA, NE 2,1862.2k $75.0k $75.0k 0.00% Reduced -1.9k -1,930
87 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 2,0302.0k $69.5k $69.5k 0.00% Reduced -9.9k -9,887
88 AdvisorNet Financial, Inc 0.00% of their portfolio MINNETONKA, MN 1,9451.9k $66.6k $66.6k 0.00% Unchanged
89 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 1,4341.4k $49.1k $49.1k 0.00% Reduced -276 -276
90 ALBION FINANCIAL GROUP /UT 0.00% of their portfolio SALT LAKE CITY, UT 1,4251.4k $48.8k $48.8k 0.00% Unchanged
91 WealthShield Partners, LLC 0.01% of their portfolio CARY, NC 1,3041.3k $44.7k $44.7k 0.01% Unchanged
92 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,3021.3k $44.6k $44.6k 0.00% Added +1.0k +1,000
93 Ameritas Advisory Services, LLC 0.00% of their portfolio Lincoln, NE 1,2811.3k $43.9k $43.9k 0.00% New
94 COMERICA BANK 0.00% of their portfolio DALLAS, TX 1,2521.3k $42.9k $42.9k 0.00% Unchanged
95 Main Management LLC 0.00% of their portfolio SAN FRANCISCO, CA 1,2251.2k $42.0k $42.0k 0.00% Unchanged
96 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 1,1961.2k $41.0k $41.0k 0.00% First filing
97 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 1,1861.2k $40.6k $40.6k 0.00% Unchanged
98 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 1,1511.2k $39.0k $39.0k 0.00% Reduced -10 -10
99 Johnson Financial Group, Inc. 0.00% of their portfolio RACINE, WI 1,1481.1k $39.3k $39.3k 0.00% New
100 PROFFITT & GOODSON INC 0.01% of their portfolio KNOXVILLE, TN 1,1321.1k $38.8k $38.8k 0.01% Unchanged