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Invesco DB Base Metals Fund
DBB

82 hedge funds and large institutions have $115M invested in Invesco DB Base Metals Fund in 2026 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 28 increasing their positions, 12 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

360% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 5

245% more call options, than puts

Call options by funds: $8.51M | Put options by funds: $2.47M

133% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 12

89% more capital invested

Capital invested by funds: $60.7M → $115M (+$54M)

24% more funds holding

Funds holding: 66 → 82 (+16)

3.38% more ownership

Funds ownership: 31.85% → 35.23% (+3.4%)

Holders
82
Holders Change
+16
Holders Change %
+24.24%
% of All Funds
1.01%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
23
Increased
28
Reduced
12
Closed
5
Calls
$8.51M
Puts
$2.47M
Net Calls
+$6.04M
Net Calls Change
+$6.03M

Top Buyers

1
CIM
Cambria Investment Management
California
+$10.4M
2
TI
Tidal Investments
Wisconsin
+$9.14M
3
Wells Fargo
Wells Fargo
California
+$9.11M
4
SC
Scotia Capital
Ontario, Canada
+$5.67M
5
UBS Group
UBS Group
Switzerland
+$5.31M

Top Sellers

1
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$6.03M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$1.86M
3
PWM
Pines Wealth Management
North Carolina
-$611K
4
HighTower Advisors
HighTower Advisors
Illinois
-$342K
5
SPIA
Steward Partners Investment Advisory
New York
-$306K
Name Holding Trade Value Shares
Change 		Change in
Stake
PEA
26
Park Edge Advisors
Ohio
$808K +$819K +34,362 New
Cetera Investment Advisers
27
Cetera Investment Advisers
Illinois
$795K +$50K +2,098 +7%
SPIA
28
Steward Partners Investment Advisory
New York
$767K -$306K -12,847 -28%
Mariner
29
Mariner
Kansas
$738K +$748K +31,407 New
AAP
30
Arax Advisory Partners
Colorado
$723K +$733K +30,783 New
CTA
31
Camelot Technology Advisors
California
$699K -$22.1K -928 -3%
IAS
32
Insigneo Advisory Services
Florida
$686K -$51.4K -2,158 -7%
BCMLT
33
Beacon Capital Management LLC (Tennessee)
Tennessee
$674K +$258K +10,834 +61%
Stifel Financial
34
Stifel Financial
Missouri
$609K -$110K -4,637 -15%
IMC Chicago
35
IMC Chicago
Illinois
$579K +$586K +24,619 New
OFS
36
OneAscent Financial Services
Alabama
$521K +$16.2K +680 +3%
Mirae Asset Global Investments
37
Mirae Asset Global Investments
South Korea
$515K +$2.38K +100 +0.5%
DIP
38
Davis Investment Partners
North Carolina
$479K -$40.5K -1,700 -8%
CI
39
Cooper Investors
Australia
$411K +$196K +8,213 +89%
ASBI
40
American State Bank (Iowa)
Iowa
$343K +$10.2K +427 +3%
BWM
41
Bulltick Wealth Management
Florida
$308K +$313K +13,120 New
QC
42
Quadrature Capital
United Kingdom
$295K +$299K +12,549 New
NW
43
NewEdge Wealth
Pennsylvania
$294K – – –
IP
44
Ignite Planners
California
$292K +$14.4K +606 +5%
Truist Financial
45
Truist Financial
North Carolina
$288K +$283K +11,900 New
Simplex Trading
46
Simplex Trading
Illinois
$264K +$268K +11,242 New
MHS
47
M Holdings Securities
Oregon
$250K – – –
Citadel Advisors
48
Citadel Advisors
Florida
$223K -$162K -6,805 -42%
ATPW
49
Ashton Thomas Private Wealth
Arizona
$218K +$221K +9,284 New
Belvedere Trading
50
Belvedere Trading
Illinois
$209K +$212K +8,912 New
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DBB Hedge Fund Activity: Q1 2026 in Review

82 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in Invesco DB Base Metals Fund (DBB) for Q1 2026, worth a combined $115M — up 89% from $60.7M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new DBB positions and 5 closed out — a net gain of 18 holders — while 28 added to existing stakes and 12 trimmed.

The largest buyer was Cambria Investment Management, opening a new position worth an estimated $10.4M. The largest seller was Manulife (Manufacturers Life Insurance), cutting an estimated $6.03M.

  • 82 institutional investors held Invesco DB Base Metals Fund (DBB) as of Q1 2026, up from 66 in Q4 2025.
  • Funds reported $115M of Invesco DB Base Metals Fund stock for Q1 2026, up 89% quarter-over-quarter.
  • 23 funds opened new Invesco DB Base Metals Fund positions in Q1 2026 and 5 closed out, a net change of +18 holders.
  • The largest Invesco DB Base Metals Fund buyer in Q1 2026 was Cambria Investment Management, an estimated $10.4M added.
  • The largest Invesco DB Base Metals Fund seller in Q1 2026 was Manulife (Manufacturers Life Insurance), an estimated $6.03M sold.

Based on aggregated 13F filings for Q1 2026.