Invesco Dorsey Wright SmallCap Momentum ETF
DWAS
97 hedge funds and large institutions have $585M invested in Invesco Dorsey Wright SmallCap Momentum ETF in 2025 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 28 increasing their positions, 34 reducing their positions, and 10 closing their positions.
40% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 10
9% more capital invested
Capital invested by funds: $536M → $585M (+$48.9M)
3% more funds holding
Funds holding: 94 → 97 (+3)
2.63% more ownership
Funds ownership: 79.4% → 82.03% (+2.6%)
18% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 34
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $27.6M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$20.6M |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
+$5.57M |
| 3 |
Goldman Sachs
New York
|
+$3.01M |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
+$874K |
| 5 |
PMG
ProVise Management Group
Clearwater,
Florida
|
+$255K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$3.39M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$3.05M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$2.68M |
| 4 |
Morgan Stanley
New York
|
-$2.46M |
| 5 |
VT
Vise Technologies
New York
|
-$2.42M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GS
101
GTS Securities
New York
| – | -$368K | -4,336 | Closed |
|
102
Focus Partners Wealth
Boston,
Massachusetts
| – | -$298K | -3,516 | Closed |
|
|
OMC
103
Old Mission Capital
Chicago,
Illinois
| – | -$282K | -3,321 | Closed |
|
|
BAM
104
Belpointe Asset Management
Reno,
Nevada
| – | -$205K | -2,411 | Closed |
|
105
Bessemer Group
Woodbridge,
New Jersey
| – | -$37K | -432 | Closed |
|
|
CCMI
106
Creative Capital Management Investments
San Diego,
California
| – | -$12.5K | -147 | Closed |
|
|
PA
107
Pineridge Advisors
St. Charles,
Missouri
| – | -$5.47K | -64 | Closed |
|
DWAS Hedge Fund Activity: Q3 2025 in Review
97 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Invesco Dorsey Wright SmallCap Momentum ETF (DWAS) for Q3 2025, worth a combined $585M — up 9.1% from $536M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new DWAS positions and 10 closed out — a net gain of 4 holders — while 28 added to existing stakes and 34 trimmed.
The largest buyer was Wealth Enhancement Advisory Services, adding an estimated $20.6M. The largest seller was Cambridge Investment Research Advisors, cutting an estimated $3.39M.
- 97 institutional investors held Invesco Dorsey Wright SmallCap Momentum ETF (DWAS) as of Q3 2025, up from 94 in Q2 2025.
- Funds reported $585M of Invesco Dorsey Wright SmallCap Momentum ETF stock for Q3 2025, up 9.1% quarter-over-quarter.
- 14 funds opened new Invesco Dorsey Wright SmallCap Momentum ETF positions in Q3 2025 and 10 closed out, a net change of +4 holders.
- The largest Invesco Dorsey Wright SmallCap Momentum ETF buyer in Q3 2025 was Wealth Enhancement Advisory Services, an estimated $20.6M added.
- The largest Invesco Dorsey Wright SmallCap Momentum ETF seller in Q3 2025 was Cambridge Investment Research Advisors, an estimated $3.39M sold.
Based on aggregated 13F filings for Q3 2025.