Invesco Dorsey Wright SmallCap Momentum ETF
DWAS
102 hedge funds and large institutions have $244M invested in Invesco Dorsey Wright SmallCap Momentum ETF in 2026 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 23 increasing their positions, 40 reducing their positions, and 6 closing their positions.
100% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 6
4% more funds holding
Funds holding: 98 → 102 (+4)
19.07% less ownership
Funds ownership: 86.32% → 67.24% (-19%)
43% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 40
97% less capital inflows, than outflows
Capital inflows: $12.8M | Capital outflows: $430M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$2.7M |
| 2 |
LPL Financial
San Diego,
California
|
+$2.5M |
| 3 |
Morgan Stanley
New York
|
+$1.35M |
| 4 |
Independent Advisor Alliance
Charlotte,
North Carolina
|
+$1.3M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$986K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
-$411M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
-$4M |
| 3 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$2.76M |
| 4 |
Wealth Enhancement Trust Services
Sioux Falls,
South Dakota
|
-$1.87M |
| 5 |
KMG Fiduciary Partners
Toledo,
Ohio
|
-$1.84M |
DWAS Hedge Fund Activity: Q1 2026 in Review
102 of the 8,217 institutional investors tracked by Wall St. Rank reported a position in Invesco Dorsey Wright SmallCap Momentum ETF (DWAS) for Q1 2026, worth a combined $244M — down 62% from $649M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new DWAS positions and 6 closed out — a net gain of 6 holders — while 23 added to existing stakes and 40 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $2.7M. The largest seller was Wealth Enhancement Advisory Services, cutting an estimated $411M.
- 102 institutional investors held Invesco Dorsey Wright SmallCap Momentum ETF (DWAS) as of Q1 2026, up from 98 in Q4 2025.
- Funds reported $244M of Invesco Dorsey Wright SmallCap Momentum ETF stock for Q1 2026, down 62% quarter-over-quarter.
- 12 funds opened new Invesco Dorsey Wright SmallCap Momentum ETF positions in Q1 2026 and 6 closed out, a net change of +6 holders.
- The largest Invesco Dorsey Wright SmallCap Momentum ETF buyer in Q1 2026 was Goldman Sachs, an estimated $2.7M added.
- The largest Invesco Dorsey Wright SmallCap Momentum ETF seller in Q1 2026 was Wealth Enhancement Advisory Services, an estimated $411M sold.
Based on aggregated 13F filings for Q1 2026.