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Invesco BulletShares 2027 Municipal Bond ETF
BSMR

120 hedge funds and large institutions have $175M invested in Invesco BulletShares 2027 Municipal Bond ETF in 2025 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 51 increasing their positions, 32 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

88% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 8

59% more repeat investments, than reductions

Existing positions increased: 51 | Existing positions reduced: 32

5% more capital invested

Capital invested by funds: $166M → $175M (+$8.97M)

5% more funds holding

Funds holding: 114 → 120 (+6)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

2.74% less ownership

Funds ownership: 71.08% → 68.33% (-2.7%)

Holders
120
Holders Change
+6
Holders Change %
+5.26%
% of All Funds
1.58%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
15
Increased
51
Reduced
32
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KCM
Kathmere Capital Management
Pennsylvania
+$3.28M
2
EC
Elequin Capital
New York
+$2.08M
3
LPL Financial
LPL Financial
California
+$2.05M
4
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
+$1.05M
5
MA
MONECO Advisors
Connecticut
+$970K

Top Sellers

Rank Fund Capital Flow
1
AI
Atria Investments
North Carolina
-$2.38M
2
Jane Street
Jane Street
New York
-$1.95M
3
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
-$951K
4
CA
CGN Advisors
Kansas
-$561K
5
FFN
Focus Financial Network
Minnesota
-$530K
Name Holding Trade Value Shares
Change 		Change in
Stake
HBT
26
Hills Bank & Trust
Iowa
$1.84M +$1.17K +50 +0.1%
HighTower Advisors
27
HighTower Advisors
Illinois
$1.77M +$261K +11,158 +17%
MML Investors Services
28
MML Investors Services
Massachusetts
$1.74M +$317K +13,556 +22%
Stifel Financial
29
Stifel Financial
Missouri
$1.48M +$180K +7,692 +14%
Thrivent Financial for Lutherans
30
Thrivent Financial for Lutherans
Minnesota
$1.39M +$1.05M +45,034 +321%
CWM
31
Cornerstone Wealth Management
Missouri
$1.37M +$81K +3,469 +6%
Royal Bank of Canada
32
Royal Bank of Canada
Ontario, Canada
$1.17M +$5.07K +217 +0.4%
EH
33
Equitable Holdings
New York
$1.16M +$79.6K +3,407 +7%
PFG
34
PAX Financial Group
Texas
$1.14M -$141K -6,028 -11%
FNB
35
Farmers National Bank
Kentucky
$1.13M +$35.8K +1,532 +3%
FF
36
Farnam Financial
Arizona
$1.11M – – –
Brown Advisory
37
Brown Advisory
Maryland
$1.09M – – –
ACM
38
AlphaStar Capital Management
North Carolina
$1.09M +$137K +5,875 +15%
APA
39
Astoria Portfolio Advisors
New York
$1.03M -$303K -12,963 -23%
AI
40
Atria Investments
North Carolina
$1.03M -$2.38M -102,118 -70%
ACA
41
Aptus Capital Advisors
Alabama
$1M +$7.12K +305 +0.7%
S
42
SignatureFD
Georgia
$1M – – –
KAS
43
Kestra Advisory Services
Texas
$980K -$6.66K -285 -0.7%
PWM
44
Paulson Wealth Management
Illinois
$973K -$71.4K -3,058 -7%
CAPTRUST Financial Advisors
45
CAPTRUST Financial Advisors
North Carolina
$885K – – –
SVWA
46
Sarver Vrooman Wealth Advisors
Missouri
$826K – – –
FCAS
47
First Command Advisory Services
Texas
$806K +$7.66K +328 +1%
VWWMG
48
Vermillion & White Wealth Management Group
Pennsylvania
$797K -$295K -12,642 -27%
CA
49
CGN Advisors
Kansas
$795K -$561K -24,008 -41%
MWM
50
Meridian Wealth Management
Kentucky
$789K – – –
1
2
3 4 5

BSMR Hedge Fund Activity: Q2 2025 in Review

120 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Invesco BulletShares 2027 Municipal Bond ETF (BSMR) for Q2 2025, worth a combined $175M — up 5.4% from $166M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new BSMR positions and 8 closed out — a net gain of 7 holders — while 51 added to existing stakes and 32 trimmed.

The largest buyer was Kathmere Capital Management, opening a new position worth an estimated $3.28M. The largest seller was Atria Investments, cutting an estimated $2.38M.

  • 120 institutional investors held Invesco BulletShares 2027 Municipal Bond ETF (BSMR) as of Q2 2025, up from 114 in Q1 2025.
  • Funds reported $175M of Invesco BulletShares 2027 Municipal Bond ETF stock for Q2 2025, up 5.4% quarter-over-quarter.
  • 15 funds opened new Invesco BulletShares 2027 Municipal Bond ETF positions in Q2 2025 and 8 closed out, a net change of +7 holders.
  • The largest Invesco BulletShares 2027 Municipal Bond ETF buyer in Q2 2025 was Kathmere Capital Management, an estimated $3.28M added.
  • The largest Invesco BulletShares 2027 Municipal Bond ETF seller in Q2 2025 was Atria Investments, an estimated $2.38M sold.

Based on aggregated 13F filings for Q2 2025.