Invesco Dorsey Wright SmallCap Momentum ETF
DWAS
94 hedge funds and large institutions have $510M 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, 36 reducing their positions, and 19 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4.62% less ownership
Funds ownership: 82.65% → 78.03% (-4.6%)
12% less funds holding
Funds holding: 107 → 94 (-13)
14% less repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 36
58% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 19
93% less capital inflows, than outflows
Capital inflows: $16.5M | Capital outflows: $237M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCT
Family Capital Trust
Peabody,
Massachusetts
|
+$4.59M |
| 2 |
Goldman Sachs
New York
|
+$4.2M |
| 3 |
Farther Finance Advisors
San Francisco,
California
|
+$1.58M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$1.1M |
| 5 |
Atria Investments
Charlotte,
North Carolina
|
+$580K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
-$195M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$5.04M |
| 3 |
Raymond James Financial
St Petersburg,
Florida
|
-$4.82M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$4.77M |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$4.31M |
DWAS Hedge Fund Activity: Q1 2025 in Review
94 of the 7,484 institutional investors tracked by Wall St. Rank reported a position in Invesco Dorsey Wright SmallCap Momentum ETF (DWAS) for Q1 2025, worth a combined $510M — down 39% from $832M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of DWAS and 8 opened new positions — a net loss of 11 holders — while 36 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.
- 94 institutional investors held Invesco Dorsey Wright SmallCap Momentum ETF (DWAS) as of Q1 2025, down from 107 in Q4 2024.
- Funds reported $510M 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.