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Invesco KBW Bank ETF
KBWB

260 hedge funds and large institutions have $4.48B invested in Invesco KBW Bank ETF in 2025 Q3 according to their latest regulatory filings, with 57 funds opening new positions, 83 increasing their positions, 70 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

128% more first-time investments, than exits

New positions opened: 57 | Existing positions closed: 25

51% more call options, than puts

Call options by funds: $39.8M | Put options by funds: $26.4M

19% more capital invested

Capital invested by funds: $3.78B → $4.48B (+$704M)

19% more repeat investments, than reductions

Existing positions increased: 83 | Existing positions reduced: 70

14% more funds holding in top 10

Funds holding in top 10: 7 → 8 (+1)

13% more funds holding

Funds holding: 231 → 260 (+29)

2.53% more ownership

Funds ownership: 83.39% → 85.92% (+2.5%)

Holders
260
Holders Change
+29
Holders Change %
+12.55%
% of All Funds
3.41%
Holding in Top 10
8
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+14.29%
% of All Funds
0.11%
New
57
Increased
83
Reduced
70
Closed
25
Calls
$39.8M
Puts
$26.4M
Net Calls
+$13.5M
Net Calls Change
-$71.7M

Top Buyers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
+$204M
2
HIIFS
Harel Insurance Investments & Financial Services
Israel
+$144M
3
Two Sigma Investments
Two Sigma Investments
New York
+$88.1M
4
Temasek Holdings
Temasek Holdings
Singapore
+$80.6M
5
Osaic Holdings
Osaic Holdings
Arizona
+$52.5M

Top Sellers

Rank Fund Capital Flow
1
MIFH
Migdal Insurance & Financial Holdings
Israel
-$143M
2
Citigroup
Citigroup
New York
-$40.3M
3
CI
Clal Insurance
Israel
-$38.7M
4
Bank of America
Bank of America
North Carolina
-$35.1M
5
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
-$23M
Name Holding Trade Value Shares
Change 		Change in
Stake
TFA
251
Toth Financial Advisory
Virginia
$1.56K +$1.51K +20 New
LCM
252
Logan Capital Management
Pennsylvania
$1.32K – – –
DSC
253
Duncker Streett & Co
Missouri
$1.09K – – –
ACA
254
Aptus Capital Advisors
Alabama
$939 – – –
LFG
255
Larson Financial Group
Missouri
$782 – – –
BC
256
Barrett & Company
Rhode Island
$626 – – –
Federated Hermes
257
Federated Hermes
Pennsylvania
$469 +$452 +6 New
BWM
258
Bernard Wealth Management
Michigan
$313 +$301 +4 New
AIC
259
Archer Investment Corporation
Indiana
$235 +$226 +3 New
SGK
260
Steigerwald Gordon & Koch
Virginia
$235 +$226 +3 New
Schroder Investment Management Group
261
Schroder Investment Management Group
United Kingdom
– -$23M -322,906 Closed
BNP Paribas Financial Markets
262
BNP Paribas Financial Markets
France
– -$22.9M -319,770 Closed
LJAC
263
L.J. Altfest & Co
New York
– -$12.1M -169,626 Closed
NSLI
264
Nan Shan Life Insurance
Taiwan
– -$7.14M -99,650 Closed
Principal Financial Group
265
Principal Financial Group
Iowa
– -$3.94M -54,986 Closed
HPM
266
Helix Partners Management
New York
– -$2.51M -35,000 Closed
Tudor Investment Corp
267
Tudor Investment Corp
Connecticut
– -$2.16M -30,170 Closed
QIM
268
Quantitative Investment Management
Virginia
– -$1.1M -15,418 Closed
JG
269
Jain Global
New York
– -$1.06M -14,842 Closed
ARC
270
Advisor Resource Council
Texas
– -$676K -9,433 Closed
FTUS
271
Flow Traders U.S.
New York
– -$402K -5,612 Closed
AFG
272
Atomi Financial Group
New York
– -$300K -4,185 Closed
AI
273
Atria Investments
North Carolina
– -$253K -3,531 Closed
CPRC
274
Consolidated Portfolio Review Corp
New York
– -$203K -2,834 Closed
AAS
275
Ameritas Advisory Services
Nebraska
– -$85.5K -1,193 Closed
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KBWB Hedge Fund Activity: Q3 2025 in Review

260 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Invesco KBW Bank ETF (KBWB) for Q3 2025, worth a combined $4.48B — up 19% from $3.78B a quarter earlier.

Buyers outnumbered sellers: 57 funds opened new KBWB positions and 25 closed out — a net gain of 32 holders — while 83 added to existing stakes and 70 trimmed.

The largest buyer was JP Morgan Chase, adding an estimated $204M. The largest seller was Migdal Insurance & Financial Holdings, cutting an estimated $143M.

  • 260 institutional investors held Invesco KBW Bank ETF (KBWB) as of Q3 2025, up from 231 in Q2 2025.
  • Funds reported $4.48B of Invesco KBW Bank ETF stock for Q3 2025, up 19% quarter-over-quarter.
  • 57 funds opened new Invesco KBW Bank ETF positions in Q3 2025 and 25 closed out, a net change of +32 holders.
  • The largest Invesco KBW Bank ETF buyer in Q3 2025 was JP Morgan Chase, an estimated $204M added.
  • The largest Invesco KBW Bank ETF seller in Q3 2025 was Migdal Insurance & Financial Holdings, an estimated $143M sold.

Based on aggregated 13F filings for Q3 2025.