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Invesco Dorsey Wright SmallCap Momentum ETF
DWAS

93 hedge funds and large institutions have $511M invested in Invesco Dorsey Wright SmallCap Momentum ETF in 2025 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 31 increasing their positions, 35 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

4.51% less ownership

Funds ownership: 82.6% → 78.09% (-4.5%)

11% less repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 35

12% less funds holding

Funds holding: 106 → 93 (-13)

39% less capital invested

Capital invested by funds: $831M → $511M (-$320M)

58% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 19

Holders
93
Holders Change
-13
Holders Change %
-12.26%
% of All Funds
1.25%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
8
Increased
31
Reduced
35
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FCT
Family Capital Trust
Massachusetts
+$4.59M
2
Goldman Sachs
Goldman Sachs
New York
+$4.2M
3
FFA
Farther Finance Advisors
California
+$1.58M
4
Citadel Advisors
Citadel Advisors
Florida
+$1.1M
5
GWM
Geneos Wealth Management
Colorado
+$886K

Top Sellers

Rank Fund Capital Flow
1
Wealth Enhancement Advisory Services
Wealth Enhancement Advisory Services
Minnesota
-$195M
2
Bank of America
Bank of America
North Carolina
-$5.04M
3
Raymond James Financial
Raymond James Financial
Florida
-$4.82M
4
Wells Fargo
Wells Fargo
California
-$4.77M
5
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
-$4.31M
Name Holding Trade Value Shares
Change 		Change in
Stake
Envestnet Asset Management
26
Envestnet Asset Management
Illinois
$1.49M -$1.32M -15,188 -44%
FFA
27
Farther Finance Advisors
California
$1.43M +$1.58M +18,074 +6,045%
GWM
28
Geneos Wealth Management
Colorado
$1.41M +$886K +10,160 +129%
SCA
29
Snowden Capital Advisors
New York
$1.32M -$196K -2,244 -12%
Susquehanna International Group
30
Susquehanna International Group
Pennsylvania
$1.29M +$374K +4,296 +35%
1WM
31
1900 Wealth Management
Texas
$1.27M +$430K +4,936 +44%
MML Investors Services
32
MML Investors Services
Massachusetts
$1.17M +$872 +10 +0.1%
IWM
33
IHT Wealth Management
Illinois
$1.07M +$126K +1,445 +12%
NA
34
Nottingham Advisors
New York
$1.03M – – –
Citadel Advisors
35
Citadel Advisors
Florida
$984K +$1.1M +12,615 New
NAM
36
NorthCrest Asset Manangement
Minnesota
$903K -$104K -1,190 -9%
Osaic Holdings
37
Osaic Holdings
Arizona
$877K +$139K +1,590 +16%
Commonwealth Equity Services
38
Commonwealth Equity Services
Massachusetts
$864K -$694K -7,960 -42%
FTS
39
Fifth Third Securities
Ohio
$753K +$61.7K +708 +8%
TWM
40
Trueblood Wealth Management
Ohio
$735K -$157K -1,797 -16%
EWA
41
EP Wealth Advisors
California
$719K -$36.3K -416 -4%
NRG
42
Nemes Rush Group
Michigan
$660K -$55.7K -639 -7%
FPGK
43
Financial Partners Group (Kansas)
Kansas
$583K -$1.3M -14,970 -67%
TRCT
44
Tower Research Capital (TRC)
New York
$478K +$291K +3,336 +119%
MWM
45
MorganRosel Wealth Management
Colorado
$460K +$127K +1,461 +33%
PWM
46
Partners Wealth Management
California
$444K +$13.9K +160 +3%
Jane Street
47
Jane Street
New York
$422K +$233K +2,674 +97%
FTUS
48
Flow Traders U.S.
New York
$395K +$442K +5,070 New
DAS
49
Dynamic Advisor Solutions
Arizona
$356K -$38.2K -438 -9%
Mercer Global Advisors
50
Mercer Global Advisors
Colorado
$347K -$153K -1,757 -28%
1
2
3 4 5

DWAS Hedge Fund Activity: Q1 2025 in Review

93 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Invesco Dorsey Wright SmallCap Momentum ETF (DWAS) for Q1 2025, worth a combined $511M — down 39% from $831M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of DWAS and 8 opened new positions — a net loss of 11 holders — while 35 trimmed existing stakes and 31 added.

The largest buyer was Family Capital Trust, adding an estimated $4.59M. The largest seller was Wealth Enhancement Advisory Services, cutting an estimated $195M.

  • 93 institutional investors held Invesco Dorsey Wright SmallCap Momentum ETF (DWAS) as of Q1 2025, down from 106 in Q4 2024.
  • Funds reported $511M of Invesco Dorsey Wright SmallCap Momentum ETF stock for Q1 2025, down 39% quarter-over-quarter.
  • 8 funds opened new Invesco Dorsey Wright SmallCap Momentum ETF positions in Q1 2025 and 19 closed out, a net change of -11 holders.
  • The largest Invesco Dorsey Wright SmallCap Momentum ETF buyer in Q1 2025 was Family Capital Trust, an estimated $4.59M added.
  • The largest Invesco Dorsey Wright SmallCap Momentum ETF seller in Q1 2025 was Wealth Enhancement Advisory Services, an estimated $195M sold.

Based on aggregated 13F filings for Q1 2025.