We are live on ! Find out more
DWAS icon

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
NA
51
NewEdge Advisors
Louisiana
$322K -$20.7K -237 -5%
SWP
52
Stratos Wealth Partners
Ohio
$314K -$52.6K -604 -13%
SG
53
Strid Group
Pennsylvania
$312K +$261 +3 +0.1%
FFN
54
Focus Financial Network
Minnesota
$300K -$78.9K -905 -19%
Creative Planning
55
Creative Planning
Kansas
$289K – – –
AQR Capital Management
56
AQR Capital Management
Connecticut
$288K +$322K +3,695 New
CPG
57
Cornerstone Planning Group
New Jersey
$281K +$2.79K +32 +0.9%
SC
58
Scotia Capital
Ontario, Canada
$277K – – –
Ameriprise
59
Ameriprise
Minnesota
$276K +$1.22K +14 +0.4%
Focus Partners Wealth
60
Focus Partners Wealth
Massachusetts
$274K -$13.5K -155 -4%
BlackRock
61
BlackRock
New York
$262K +$127K +1,460 +77%
Fidelity Investments
62
Fidelity Investments
Massachusetts
$223K +$1.48K +17 +0.6%
NFG
63
Nations Financial Group
Iowa
$220K +$25.5K +292 +12%
LWM
64
LJI Wealth Management
Indiana
$214K -$15.3K -175 -6%
GVAG
65
Great Valley Advisor Group
Delaware
$214K +$31.2K +358 +15%
IA
66
IFP Advisors
Florida
$208K +$43.9K +504 +23%
CAG
67
Centerpoint Advisory Group
Kansas
$204K -$5.23K -60 -2%
SPIA
68
Steward Partners Investment Advisory
New York
$201K -$157K -1,800 -41%
National Bank of Canada
69
National Bank of Canada
Quebec, Canada
$198K – – –
MIM
70
MTM Investment Management
South Carolina
$181K – – –
SWM
71
Spire Wealth Management
Virginia
$148K – – –
RIA
72
Realta Investment Advisors
Delaware
$145K +$13.5K +155 +9%
HI
73
Harbour Investments
Wisconsin
$116K +$1.48K +17 +1%
CA
74
CoreCap Advisors
Michigan
$87.4K +$8.54K +98 +10%
BTI
75
Blue Trust Inc
Georgia
$71.6K +$80K +918 New
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.