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Invesco Dorsey Wright SmallCap Momentum ETF

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.

New
Increased
Maintained
Reduced
Closed

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: 9497 (+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: 10 (-1)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $27.6M

Holders
97
Holders Change
+3
Holders Change %
+3.19%
% of All Funds
1.27%
Holding in Top 10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
New
14
Increased
28
Reduced
34
Closed
10
Calls
Puts
$27.6M
Net Calls
-$27.6M
Net Calls Change
-$2.19M
Name Holding Trade Value Shares
Change
Change in
Stake
Wealth Enhancement Advisory Services
1
Wealth Enhancement Advisory Services
Minnesota
$410M +$20.6M +235,512 +6%
Morgan Stanley
2
Morgan Stanley
New York
$28.8M -$2.46M -28,113 -8%
LPL Financial
3
LPL Financial
California
$13.8M -$509K -5,816 -4%
Royal Bank of Canada
4
Royal Bank of Canada
Ontario, Canada
$12.6M -$465K -5,320 -4%
Bank of America
5
Bank of America
North Carolina
$11.9M -$1.37M -15,612 -11%
Goldman Sachs
6
Goldman Sachs
New York
$11.6M +$3.01M +34,458 +38%
UBS Group
7
UBS Group
Switzerland
$10.2M -$2.68M -30,593 -22%
Wells Fargo
8
Wells Fargo
California
$9.27M -$3.05M -34,926 -26%
Stifel Financial
9
Stifel Financial
Missouri
$7.93M +$5.57M +63,751 +287%
Raymond James Financial
10
Raymond James Financial
Florida
$6.19M -$2.23M -25,464 -27%
SA
11
Sanctuary Advisors
Indiana
$5.69M +$133K +1,516 +3%
FCT
12
Family Capital Trust
Massachusetts
$5.13M +$34.5K +395 +0.7%
HWM
13
HighMark Wealth Management
Minnesota
$4.15M -$197K -2,252 -5%
Baird Financial Group
14
Baird Financial Group
Wisconsin
$2.92M -$15.6K -178 -0.6%
PFS
15
Prospera Financial Services
Texas
$2.87M -$75K -858 -3%
KFP
16
KMG Fiduciary Partners
Ohio
$2.51M +$46.3K +530 +2%
BIA
17
Biondo Investment Advisors
Pennsylvania
$2.47M +$116K +1,321 +5%
Janney Montgomery Scott
18
Janney Montgomery Scott
Pennsylvania
$2.29M -$92.7K -1,060 -4%
Cambridge Investment Research Advisors
19
Cambridge Investment Research Advisors
Iowa
$2.27M -$3.39M -38,812 -61%
Cetera Investment Advisers
20
Cetera Investment Advisers
Illinois
$1.88M +$59K +675 +3%
NAM
21
NorthCrest Asset Manangement
Minnesota
$1.49M +$81K +926 +6%
1WM
22
1900 Wealth Management
Texas
$1.45M +$87 +1 +0%
VT
23
Vise Technologies
New York
$1.44M -$2.42M -27,619 -64%
Northwestern Mutual Wealth Management
24
Northwestern Mutual Wealth Management
Wisconsin
$1.36M -$2.22M -25,403 -63%
SCA
25
Snowden Capital Advisors
New York
$1.29M -$176K -2,011 -13%

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.