Millennium Management’s Invesco National AMT-Free Municipal Bond ETF PZA Stock Holding History

Millennium Management’s Portfolio PZA Stock Details PZA Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-12,785	Closed	-$295K	–	6368
2025 Q3	$295K	Buy	+12,785	New	+$286K	﹤0.01%	5344
2025 Q1	–	Sell	-9,929	Closed	-$234K	–	6303
2024 Q4	$234K	Buy	+9,929	New	+$237K	﹤0.01%	5216
2019 Q4	–	Sell	-7,734	Closed	-$205K	–	4552
2019 Q3	$205K	Sell	7,734 -2,185	-22%	-$57.9K	﹤0.01%	3776
2019 Q2	$259K	Buy	+9,919	New	+$257K	﹤0.01%	3615
2018 Q1	–	Sell	-25,185	Closed	-$650K	–	3996
2017 Q4	$650K	Buy	+25,185	New	+$646K	﹤0.01%	2962
2017 Q2	–	Sell	-43,411	Closed	-$1.09M	–	3786
2017 Q1	$1.09M	Buy	43,411 +22,411	+107%	+$560K	﹤0.01%	2352
2016 Q4	$523K	Sell	21,000 -21,999	-51%	-$555K	﹤0.01%	2658
2016 Q3	$1.12M	Buy	+42,999	New	+$1.13M	﹤0.01%	2220

Other funds holding PZA

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

CCWA

CLA (CliftonLarsonAllen) Wealth Advisors Minneapolis, Minnesota $7.61B AUM 16.44% 1-Year Est. Return

RBA

Richard Bernstein Advisors New York $3.45B AUM 16.24% 1-Year Est. Return

LPL Financial San Diego, California $377B AUM 19.32% 1-Year Est. Return

Envestnet Asset Management Chicago, Illinois $374B AUM 17.66% 1-Year Est. Return

Bank of New York Mellon New York $544B AUM 28.31% 1-Year Est. Return

Jane Street New York $777B AUM 61.18% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

Northwestern Mutual Wealth Management Milwaukee, Wisconsin $162B AUM 16.35% 1-Year Est. Return

Millennium Management's PZA Position: Q4 2025 in Review

Millennium Management sold out of Invesco National AMT-Free Municipal Bond ETF (PZA) in Q4 2025, closing a stake of 12,785 shares — an estimated $295K sold.

Millennium Management first reported a position in PZA in Q3 2016 and held it in 8 quarters. The position peaked at $1.12M in Q3 2016. 268 funds tracked by Wall St. Rank hold PZA as of Q4 2025.

Millennium Management reported no remaining Invesco National AMT-Free Municipal Bond ETF position as of Q4 2025 after selling out during the quarter.
Millennium Management sold 12,785 Invesco National AMT-Free Municipal Bond ETF shares in Q4 2025, an estimated $295K.
Millennium Management first reported a position in Invesco National AMT-Free Municipal Bond ETF in Q3 2016 and held it in 8 quarters.
Millennium Management's Invesco National AMT-Free Municipal Bond ETF position peaked at $1.12M in Q3 2016.
268 funds tracked by Wall St. Rank held Invesco National AMT-Free Municipal Bond ETF as of Q4 2025.

Based on Millennium Management's 13F filing for Q4 2025, filed 17 Feb 2026.