Vault-13

INVESCO EXCH TRADED FD TR II TAN

SOLAR ETF · ETP · CUSIP 46138G706

247 institutional holders +19 vs Q4 2025
12,272,45112.3m shares reported held*
$671.7mreported value*
55 new 60 added 48 reduced 33 sold out net bought ≈ $345.1m (+6.2m 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 ($6.6k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $54.73. Options: 12 managers hold calls ($91.6m notional), 10 hold puts ($78.9m).

Trends to Q1 2026

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: 181Q3 25: 186Q4 25: 228Q1 26: 247247Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q3 2025186
Q4 2025228
Q1 2026247

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 24: 75 bought or addedQ2 24: 126 cut or sold outQ3 24: 65 bought or addedQ3 24: 121 cut or sold outQ3 24Q4 24: 58 bought or addedQ4 24: 125 cut or sold outQ1 25: 57 bought or addedQ1 25: 102 cut or sold outQ1 25Q2 25: 57 bought or addedQ2 25: 85 cut or sold outQ3 25: 74 bought or addedQ3 25: 65 cut or sold outQ3 25Q4 25: 100 bought or addedQ4 25: 66 cut or sold outQ1 26: 115 bought or addedQ1 26: 81 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 202475126
Q3 202465121
Q4 202458125
Q1 202557102
Q2 20255785
Q3 20257465
Q4 202510066
Q1 202611581

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ2 25 calls: $101.1mQ2 25 puts: $134.9mQ2 25P/C 1.33Q3 25 calls: $50.4mQ3 25 puts: $108.8mQ3 25P/C 2.16Q4 25 calls: $100.5mQ4 25 puts: $110.9mQ4 25P/C 1.10Q1 26 calls: $91.6mQ1 26 puts: $78.9mQ1 26P/C 0.86
Numbers
QuarterCallsPutsP/C
Q2 2025$101.1m$134.9m1.33
Q3 2025$50.4m$108.8m2.16
Q4 2025$100.5m$110.9m1.10
Q1 2026$91.6m$78.9m0.86

Biggest buyers

JPMORGAN CHASE & CO Added +3,596,242+3.6m
Clal Insurance Enterprises Holdings Ltd New +1,780,400+1.8m
LMR Partners LLP Added +226,338+226.3k
MILLENNIUM MANAGEMENT LLC Added +218,164+218.2k
Humankind Investments LLC New +209,000+209.0k
AE Wealth Management LLC Added +206,187+206.2k
ARP Global Capital Ltd New +177,656+177.7k
Decker Retirement Planning Inc. New +174,929+174.9k
Mivtachim The Workers Social Insurance Fund Ltd. (Under Special Management) Added +167,000+167.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +162,437+162.4k

Biggest sellers

Trek Financial, LLC Sold out -320,763-320.8k
Wealth High Governance Asset Management Ltda. Reduced -219,454-219.5k
CITADEL ADVISORS LLC Sold out -201,829-201.8k
BW Gestao de Investimentos Ltda. Reduced -163,678-163.7k
Wealth High Governance Capital Ltda Reduced -163,678-163.7k
GOLDMAN SACHS GROUP INC Reduced -116,363-116.4k
Spire Wealth Management Reduced -110,951-111.0k
KINGDON CAPITAL MANAGEMENT, L.L.C. Sold out -100,000-100.0k
SG Americas Securities, LLC Reduced -83,233-83.2k
D. E. Shaw & Co., Inc. Sold out -82,175-82.2k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $26.6m476.6k shares
BNP PARIBAS FINANCIAL MARKETS New $16.7m3.0k shares
Arosa Capital Management LP New $11.1m200.0k shares
CITADEL ADVISORS LLC Added $10.7m192.9k shares
JANE STREET GROUP, LLC Added $8.4m151.0k shares
IMC-Chicago, LLC Reduced $6.4m114.6k shares
GROUP ONE TRADING LLC Added $4.5m81.6k shares
Walleye Trading LLC Reduced $3.8m67.5k shares
Beacon Pointe Advisors, LLC Unchanged $1.2m22.0k shares
PEAK6 LLC Reduced $974.9k17.5k shares

Biggest puts

JANE STREET GROUP, LLC Reduced $22.2m397.8k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $15.8m283.1k shares
PEAK6 LLC Reduced $13.9m250.0k shares
UBS Group AG New $8.9m160.0k shares
BNP PARIBAS FINANCIAL MARKETS New $5.6m1.0k shares
CITADEL ADVISORS LLC Reduced $5.2m92.9k shares
Walleye Trading LLC Reduced $3.8m68.5k shares
TUDOR INVESTMENT CORP ET AL Unchanged $2.8m50.0k shares
Squarepoint Ops LLC Reduced $573.8k10.3k shares
Caption Management, LLC Reduced $250.7k4.5k 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, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 3,955,4804.0m $209.2m $209.2m 0.01% Added +3.6m +3,596,242
2 Clal Insurance Enterprises Holdings Ltd 0.60% of their portfolio Tel-aviv, L3 1,780,4001.8m $99.2m $99.2m 0.60% New
3 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 442,283442.3k $24.6m $24.6m 0.00% Reduced -24.6k -24,586
4 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 325,356325.4k $18.1m $18.1m 0.00% Added +28.2k +28,203
5 Mivtachim The Workers Social Insurance Fund Ltd. (Under Special Management) 2.24% of their portfolio Tel Aviv, L3 317,000317.0k $17.7m $17.7m 2.24% Added +167.0k +167,000
6 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 307,898307.9k $17.2m $17.2m 0.00% Added +3.5k +3,498
7 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 239,365239.4k $13.3m $13.3m 0.01% Added +218.2k +218,164
8 LMR Partners LLP 0.12% of their portfolio LONDON, X0 233,207233.2k $13.0m $13.0m 0.12% Added +226.3k +226,338
9 AE Wealth Management LLC 0.06% of their portfolio TOPEKA, KS 209,001209.0k $11.6m $11.6m 0.06% Added +206.2k +206,187
10 Humankind Investments LLC 6.65% of their portfolio NEW YORK, NY 209,000209.0k $11.6m $11.6m 6.65% New
11 Wealth High Governance Asset Management Ltda. 1.56% of their portfolio SAO PAULO, D5 179,398179.4k $10.0m $10.0m 1.56% Reduced -219.5k -219,454
12 UBS Group AG 0.00% of their portfolio ZURICH, V8 177,817177.8k $9.9m $9.9m 0.00% Added +80.7k +80,703
13 ARP Global Capital Ltd 5.83% of their portfolio DUBAI, C0 177,656177.7k $9.9m $9.9m 5.83% New
14 Decker Retirement Planning Inc. 4.42% of their portfolio LEVI, UT 174,929174.9k $9.7m $9.7m 4.42% New
15 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 164,235164.2k $9.1m $9.1m 0.00% Added +159.8k +159,830
16 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 162,437162.4k $9.0m $9.0m 0.01% New
17 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 150,386150.4k $8.4m $8.4m 0.00% Added +38.1k +38,117
18 Lake Hills Wealth Management, LLC 4.10% of their portfolio AUSTIN, TX 131,468131.5k $7.3m $7.3m 4.10% New
19 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 105,674105.7k $5.9m $5.9m 0.00% Added +74.7k +74,694
20 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 101,473101.5k $5.7m $5.7m 0.01% Added +70.0k +69,955
21 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 100,734100.7k $5.6m $5.6m 0.00% Added +10.3k +10,261
22 Private Advisor Group, LLC 0.03% of their portfolio MORRISTOWN, NJ 99,984100.0k $5.6m $5.6m 0.03% Added +5.3k +5,337
23 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 99,30899.3k $5.5m $5.5m 0.00% Added +5.4k +5,443
24 NWAM LLC 0.29% of their portfolio MERCER ISLAND, WA 90,58890.6k $5.0m $5.0m 0.29% Added +35.7k +35,689
25 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 89,33289.3k $5.0m $5.0m 0.01% Added +1.1k +1,083
26 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 81,24281.2k $4.5m $4.5m 0.00% Added +31.6k +31,569
27 NTV Asset Management LLC 0.49% of their portfolio Charleston, WV 79,20479.2k $4.4m $4.4m 0.49% Added +4.3k +4,324
28 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 79,02379.0k $4.4m $4.4m 0.00% Reduced -54.6k -54,606
29 BW Gestao de Investimentos Ltda. 0.17% of their portfolio SAO PAULO, D5 70,16570.2k $3.9m $3.9m 0.17% Reduced -163.7k -163,678
30 Wealth High Governance Capital Ltda 1.17% of their portfolio SAO PAULO, D5 70,16570.2k $3.9m $3.9m 1.17% Reduced -163.7k -163,678
31 MEITAV INVESTMENT HOUSE LTD 0.04% of their portfolio BENE-BERAQ, L3 69,81069.8k $3.9m $3.9m 0.04% New
32 Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio SEOUL, M5 68,41368.4k $3.8m $3.8m 0.01% Added +51.5k +51,515
33 DAVENPORT & Co LLC 0.02% of their portfolio RICHMOND, VA 66,99567.0k $3.7m $3.7m 0.02% New
34 ALTFEST L J & CO INC 0.39% of their portfolio NEW YORK, NY 65,55765.6k $3.7m $3.7m 0.39% Reduced -17.9k -17,916
35 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 58,90358.9k $3.3m $3.3m 0.00% Added +7.6k +7,611
36 Brevan Howard Capital Management LP 0.03% of their portfolio ST. HELIER, Y9 57,75657.8k $3.1m $3.1m 0.03% New
37 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 56,43756.4k $3.1m $3.1m 0.00% Reduced -147 -147
38 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 54,42154.4k $3.0m $3.0m 0.00% Added +10.3k +10,336
39 Great Diamond Partners, LLC 0.53% of their portfolio Portland, ME 49,69549.7k $2.8m $2.8m 0.53% New
40 Advisory Services Network, LLC 0.04% of their portfolio ATLANTA, GA 49,60549.6k $2.8m $2.8m 0.04% Added +6.0k +6,022
41 PEAK6 LLC 0.08% of their portfolio AUSTIN, TX 47,66347.7k $2.7m $2.7m 0.08% New
42 Hilltop Holdings Inc. 0.23% of their portfolio DALLAS, TX 45,92545.9k $2.6m $2.6m 0.23% New
43 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 42,94642.9k $2.4m $2.4m 0.00% Added +5.5k +5,499
44 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 41,73041.7k $2.3m $2.3m 0.00% Added +2.6k +2,596
45 Florin Court Capital LLP 8.77% of their portfolio London, X0 41,70041.7k $2.3m $2.3m 8.77% Reduced -14.8k -14,800
46 PATRIOT INVESTMENT MANAGEMENT GROUP, INC. 0.13% of their portfolio KNOXVILLE, TN 36,65436.7k $2.0m $2.0m 0.13% Unchanged
47 Watershed Asset Management, L.L.C. 2.08% of their portfolio San Francisco, CA 36,00036.0k $2.0m $2.0m 2.08% New
48 SIMPLEX TRADING, LLC 0.06% of their portfolio CHICAGO, IL 35,06035.1k $2.0m $2.0m 0.06% New
49 Empowered Funds, LLC 0.01% of their portfolio NEWTOWN SQUARE, PA 32,31032.3k $1.8m $1.8m 0.01% New
50 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 29,78529.8k $1.7m $1.7m 0.00% Added +5.1k +5,087
51 October Effect Ltd 1.87% of their portfolio VIRGINIA BEACH, VA 29,20729.2k $1.6m $1.6m 1.87% New
52 Q3 Asset Management 0.39% of their portfolio BIRMINGHAM, MI 28,74828.7k $1.6m $1.6m 0.39% Reduced -292 -292
53 HARBOUR INVESTMENTS, INC. 0.02% of their portfolio MADISON, WI 26,82526.8k $1.5m $1.5m 0.02% Added +25.4k +25,432
54 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 22,52422.5k $1.3m $1.3m 0.00% Reduced -116.4k -116,363
55 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 21,91221.9k $1.2m $1.2m 0.00% Added +2.5k +2,451
56 PFG Investments, LLC 0.05% of their portfolio WOODBURY, NY 20,62520.6k $1.1m $1.1m 0.05% Reduced -75 -75
57 Vontobel Holding Ltd. 0.00% of their portfolio ZURICH, V8 20,21020.2k $1.1m $1.1m 0.00% Reduced -3.0k -2,956
58 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 20,20220.2k $1.1m $1.1m 0.00% Reduced -31.5k -31,522
59 CoreCap Advisors, LLC 0.04% of their portfolio SOUTHFIELD, MI 19,61219.6k $1.1m $1.1m 0.04% Added +19.6k +19,588
60 Gemmer Asset Management LLC 0.09% of their portfolio WALNUT CREEK, CA 19,36319.4k $1.1m $1.1m 0.09% Reduced -6.6k -6,591
61 IHT Wealth Management, LLC 0.02% of their portfolio Chicago, IL 17,79817.8k $991.5k $991.5k 0.02% Reduced -1.2k -1,153
62 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 17,69517.7k $869.7k $869.7k 0.01% Added +573 +573
63 NATURAL INVESTMENTS, LLC 0.24% of their portfolio WINDSOR, CA 17,35917.4k $967.0k $967.0k 0.24% Reduced -2.3k -2,309
64 Verity Asset Management, Inc. 0.38% of their portfolio DURHAM, NC 16,36716.4k $911.8k $911.8k 0.38% Added +387 +387
65 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 16,05416.1k $356.4k $356.4k 0.00% Reduced -15.0k -15,024
66 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 15,52015.5k $862.6k $862.6k 0.00% Added +2.8k +2,754
67 Capital Investment Advisors, LLC 0.01% of their portfolio ATLANTA, GA 15,37615.4k $856.6k $856.6k 0.01% Added +1.7k +1,685
68 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 15,33815.3k $854.5k $854.5k 0.00% Added +3.8k +3,787
69 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 14,88614.9k $829.2k $829.2k 0.00% Added +1.0k +1,037
70 Golden State Wealth Management, LLC 0.09% of their portfolio SANTA ANA, CA 14,50514.5k $808.1k $808.1k 0.09% Unchanged
71 Del-Sette Capital Management, LLC 0.48% of their portfolio SCHENECTADY, NY 14,39114.4k $801.7k $801.7k 0.48% New
72 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 13,36413.4k $744.5k $744.5k 0.00% Reduced -495 -495
73 EHRLICH FINANCIAL GROUP 0.42% of their portfolio LAGUNA NIGUEL, CA 12,96813.0k $722.4k $722.4k 0.42% New
74 Per Stirling Capital Management, LLC. 0.08% of their portfolio AUSTIN, TX 12,74212.7k $709.9k $709.9k 0.08% New
75 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 10,74510.7k $598.6k $598.6k 0.00% Added +852 +852
76 Baker Avenue Asset Management, LP 0.01% of their portfolio SAN FRANCISCO, CA 10,68010.7k $595.0k $595.0k 0.01% Unchanged
77 Summit Financial, LLC 0.01% of their portfolio PARSIPPANY, NJ 10,12310.1k $564.0k $564.0k 0.01% New
78 CAPITAL FUND MANAGEMENT S.A. 0.00% of their portfolio PARIS, I0 10,02210.0k $558.3k $558.3k 0.00% New
79 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 9,97010.0k $555.4k $555.4k 0.00% Unchanged
80 Wealthfront Advisers LLC 0.00% of their portfolio Palo Alto, CA 9,6209.6k $535.9k $535.9k 0.00% Added +1.4k +1,411
81 Pekin Hardy Strauss, Inc. 0.05% of their portfolio CHICAGO, IL 9,2599.3k $515.8k $515.8k 0.05% New
82 Mariner, LLC 0.00% of their portfolio Overland Park, KS 9,0759.1k $505.6k $505.6k 0.00% Added +449 +449
83 Beacon Pointe Advisors, LLC 0.00% of their portfolio NEWPORT BEACH, CA 8,8508.8k $493.1k $493.1k 0.00% Reduced -4.1k -4,096
84 HAGER INVESTMENT MANAGEMENT SERVICES, LLC 0.27% of their portfolio NEW LONDON, NH 8,7798.8k $489.1k $489.1k 0.27% Added +2.3k +2,324
85 BAROMETER CAPITAL MANAGEMENT INC. 0.16% of their portfolio TORONTO, A6 8,6008.6k $479.1k $479.1k 0.16% New
86 Riggs Asset Managment Co. Inc. 0.09% of their portfolio DALLAS, PA 8,2018.2k $456.9k $456.9k 0.09% Added +155 +155
87 SIG BROKERAGE, LP 0.13% of their portfolio BALA CYNWYD, PA 8,0018.0k $445.7k $445.7k 0.13% Unchanged
88 Marex Group Ltd 0.00% of their portfolio London, X0 8,0008.0k $445.7k $445.7k 0.00% Reduced -4.7k -4,700
89 Arax Advisory Partners 0.01% of their portfolio NEW YORK, NY 7,8347.8k $436.4k $436.4k 0.01% Added +1.7k +1,736
90 Essex Financial Services, Inc. 0.02% of their portfolio ESSEX, CT 7,7047.7k $429.2k $429.2k 0.02% New
91 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 7,3787.4k $411.0k $411.0k 0.00% Reduced -1.9k -1,945
92 GTS SECURITIES LLC 0.01% of their portfolio NEW YORK, NY 6,9086.9k $384.8k $384.8k 0.01% New
93 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 6,9046.9k $384.6k $384.6k 0.00% New
94 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 6,8926.9k $384.0k $384.0k 0.00% Added +300 +300
95 Aries Wealth Management 0.08% of their portfolio PORTLAND, ME 6,8506.8k $381.6k $381.6k 0.08% New
96 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.00% of their portfolio Madrid, U3 6,7936.8k $367.1k $367.1k 0.00% Reduced -264 -264
97 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 6,7516.8k $376.1k $376.1k 0.00% Added +662 +662
98 SYCOMORE ASSET MANAGEMENT 0.04% of their portfolio PARIS, I0 6,5006.5k $273.0k $273.0k 0.04% Unchanged
99 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 6,3276.3k $352.5k $352.5k 0.00% Reduced -75 -75
100 Sava Infond d.o.o. 0.05% of their portfolio MARIBOR, 2A 6,0006.0k $334.3k $334.3k 0.05% Unchanged