Invesco DB Commodity Index Tracking Fund
196 hedge funds and large institutions have $485M invested in Invesco DB Commodity Index Tracking Fund in 2025 Q2 according to their latest regulatory filings, with 19 funds opening new positions, 50 increasing their positions, 66 reducing their positions, and 29 closing their positions.
1,306% more call options, than puts
Call options by funds: $4.26M | Put options by funds: $303K
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
0.6% less ownership
Funds ownership: 40.66% → 40.06% (-0.6%)
6% less funds holding
Funds holding: 209 → 196 (-13)
14% less capital invested
Capital invested by funds: $561M → $485M (-$75.7M)
24% less repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 66
34% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 29
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QC
Quadrature Capital
London,
United Kingdom
|
+$13.1M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$5.35M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$2.76M |
| 4 |
ACM
Avos Capital Management
Seattle,
Washington
|
+$1.88M |
| 5 |
NW
NewEdge Wealth
Pittsburgh,
Pennsylvania
|
+$810K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$17.3M |
| 2 |
Man Group
London,
United Kingdom
|
-$15.7M |
| 3 |
JP Morgan Chase
New York
|
-$10.8M |
| 4 |
Creative Planning
Overland Park,
Kansas
|
-$7.05M |
| 5 |
Morgan Stanley
New York
|
-$5.62M |
DBC Hedge Fund Activity: Q2 2025 in Review
196 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Invesco DB Commodity Index Tracking Fund (DBC) for Q2 2025, worth a combined $485M — down 14% from $561M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of DBC and 19 opened new positions — a net loss of 10 holders — while 66 trimmed existing stakes and 50 added.
The largest buyer was Quadrature Capital, adding an estimated $13.1M. The largest seller was Ameriprise, cutting an estimated $17.3M.
- 196 institutional investors held Invesco DB Commodity Index Tracking Fund (DBC) as of Q2 2025, down from 209 in Q1 2025.
- Funds reported $485M of Invesco DB Commodity Index Tracking Fund stock for Q2 2025, down 14% quarter-over-quarter.
- 19 funds opened new Invesco DB Commodity Index Tracking Fund positions in Q2 2025 and 29 closed out, a net change of -10 holders.
- The largest Invesco DB Commodity Index Tracking Fund buyer in Q2 2025 was Quadrature Capital, an estimated $13.1M added.
- The largest Invesco DB Commodity Index Tracking Fund seller in Q2 2025 was Ameriprise, an estimated $17.3M sold.
Based on aggregated 13F filings for Q2 2025.