Invesco Dorsey Wright SmallCap Momentum ETF
DWAS
94 hedge funds and large institutions have $536M invested in Invesco Dorsey Wright SmallCap Momentum ETF in 2025 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 24 increasing their positions, 43 reducing their positions, and 11 closing their positions.
5% more capital invested
Capital invested by funds: $510M → $536M (+$25.6M)
1.63% more ownership
Funds ownership: 77.97% → 79.6% (+1.6%)
1% more funds holding
Funds holding: 93 → 94 (+1)
9% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 11
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
44% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 43
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $25.5M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$3.42M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$2.24M |
| 3 |
SA
Sanctuary Advisors
Indianapolis,
Indiana
|
+$1.14M |
| 4 |
Two Sigma Investments
New York
|
+$752K |
| 5 |
GS
GTS Securities
Miami,
Florida
|
+$343K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Raymond James Financial
St Petersburg,
Florida
|
-$9.94M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$5.16M |
| 3 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
-$3.85M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$3.25M |
| 5 |
Morgan Stanley
New York
|
-$1.89M |
DWAS Hedge Fund Activity: Q2 2025 in Review
94 of the 7,613 institutional investors tracked by Wall St. Rank reported a position in Invesco Dorsey Wright SmallCap Momentum ETF (DWAS) for Q2 2025, worth a combined $536M — up 5% from $510M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new DWAS positions and 11 closed out — a net gain of 1 holder — while 24 added to existing stakes and 43 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $3.42M. The largest seller was Raymond James Financial, cutting an estimated $9.94M.
- 94 institutional investors held Invesco Dorsey Wright SmallCap Momentum ETF (DWAS) as of Q2 2025, up from 93 in Q1 2025.
- Funds reported $536M of Invesco Dorsey Wright SmallCap Momentum ETF stock for Q2 2025, up 5% quarter-over-quarter.
- 12 funds opened new Invesco Dorsey Wright SmallCap Momentum ETF positions in Q2 2025 and 11 closed out, a net change of +1 holder.
- The largest Invesco Dorsey Wright SmallCap Momentum ETF buyer in Q2 2025 was Goldman Sachs, an estimated $3.42M added.
- The largest Invesco Dorsey Wright SmallCap Momentum ETF seller in Q2 2025 was Raymond James Financial, an estimated $9.94M sold.
Based on aggregated 13F filings for Q2 2025.