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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

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

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
BPAMU
276
BTG Pactual Asset Management US
New York
– -$82.4K -1,150 Closed
ME
277
McIlrath & Eck
Washington
– -$21.5K -300 Closed
SIS
278
Sound Income Strategies
Florida
– -$11.6K -161 Closed
GBT
279
Grove Bank & Trust
Florida
– -$10K -140 Closed
IA
280
IFP Advisors
Florida
– -$9.45K -132 Closed
TPWA
281
Twin Peaks Wealth Advisors
California
– -$7.42K -100 Closed
AF
282
Aviso Financial
Ontario, Canada
– -$7.02K -98 Closed
BIG
283
Brooklyn Investment Group
New York
– -$4.73K -66 Closed
BBHC
284
Brown Brothers Harriman & Co
New York
– -$1.79K -25 Closed
SWIM
285
Smallwood Wealth Investment Management
New Jersey
– -$1.65K -23 Closed
8 9 10 11
12

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.