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Invesco KBW Bank ETF
KBWB

309 hedge funds and large institutions have $4.59B invested in Invesco KBW Bank ETF in 2025 Q4 according to their latest regulatory filings, with 86 funds opening new positions, 96 increasing their positions, 77 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

235% more call options, than puts

Call options by funds: $94.5M | Put options by funds: $28.2M

177% more first-time investments, than exits

New positions opened: 86 | Existing positions closed: 31

25% more repeat investments, than reductions

Existing positions increased: 96 | Existing positions reduced: 77

19% more funds holding

Funds holding: 260 → 309 (+49)

2% more capital invested

Capital invested by funds: $4.48B → $4.59B (+$108M)

10.3% less ownership

Funds ownership: 85.92% → 75.61% (-10%)

50% less funds holding in top 10

Funds holding in top 10: 8 → 4 (-4)

Holders
309
Holders Change
+49
Holders Change %
+18.85%
% of All Funds
3.76%
Holding in Top 10
4
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-50%
% of All Funds
0.05%
New
86
Increased
96
Reduced
77
Closed
31
Calls
$94.5M
Puts
$28.2M
Net Calls
+$66.2M
Net Calls Change
+$52.8M

Top Buyers

1
JP Morgan Chase
JP Morgan Chase
New York
+$233M
2
Temasek Holdings
Temasek Holdings
Singapore
+$72.8M
3
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
+$67.6M
4
EDRH
Edmond de Rothschild Holding
Switzerland
+$37.1M
5
MMH
Menora Mivtachim Holdings
Israel
+$36.4M

Top Sellers

1
HIIFS
Harel Insurance Investments & Financial Services
Israel
-$330M
2
CI
Clal Insurance
Israel
-$126M
3
MIFH
Migdal Insurance & Financial Holdings
Israel
-$121M
4
Two Sigma Investments
Two Sigma Investments
New York
-$94.9M
5
MIH
Meitav Investment House
Israel
-$41.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
SIS
276
Sound Income Strategies
Florida
$7.49K +$6.88K +87 New
MMCM
277
Murphy & Mullick Capital Management
New York
$7.17K – – –
HNB
278
Huntington National Bank
Ohio
$6.66K – – –
LWANC
279
Laurel Wealth Advisors (North Carolina)
North Carolina
$6.32K +$5.93K +75 New
HFS
280
Hantz Financial Services
Michigan
$6K – – –
GSWM
281
Golden State Wealth Management
California
$5.48K -$7.04K -89 -58%
ANBT
282
American National Bank & Trust
Texas
$5.23K – – –
CAL
283
Capital Analysts LLC
Pennsylvania
$5K – – –
AIM
284
Access Investment Management
Georgia
$4.69K – – –
RIAS
285
Rachor Investment Advisory Services
Michigan
$4.47K +$4.19K +53 New
Russell Investments Group
286
Russell Investments Group
United Kingdom
$4.47K +$1.74K +22 +71%
TCM
287
Triumph Capital Management
Colorado
$4.47K +$4.19K +53 New
HHCP
288
Hilton Head Capital Partners
South Carolina
$4.38K +$4.11K +52 New
CTB
289
Country Trust Bank
Illinois
$4.21K +$3.96K +50 New
ACA
290
Aptus Capital Advisors
Alabama
$4.05K +$2.85K +36 +300%
W
291
WealthCollab
Washington
$4.05K +$3.8K +48 New
LA
292
LM Advisors
California
$4K -$290K -3,663 -92%
CFD
293
Creative Financial Designs
Indiana
$3.88K – – –
SEP
294
Signature Equity Partners
Ohio
$3.88K +$3.64K +46 New
GI
295
GAMMA Investing
California
$3.46K +$3.24K +41 New
QWM
296
Quaker Wealth Management
New Jersey
$3.46K +$3.24K +41 New
KA
297
Kozak & Associates
Colorado
$3.33K -$2.93K -37 -49%
MPW
298
MASECO Private Wealth
$3.2K +$3.01K +38 New
BFO
299
Biltmore Family Office
North Carolina
$3.03K +$2.85K +36 New
PWPS
300
Pinnacle Wealth Planning Services
Ohio
$2.95K +$2.77K +35 New
10 11
12
13 14

KBWB Hedge Fund Activity: Q4 2025 in Review

309 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Invesco KBW Bank ETF (KBWB) for Q4 2025, worth a combined $4.59B — up 2.4% from $4.48B a quarter earlier.

Buyers outnumbered sellers: 86 funds opened new KBWB positions and 31 closed out — a net gain of 55 holders — while 96 added to existing stakes and 77 trimmed.

The largest buyer was JP Morgan Chase, adding an estimated $233M. The largest seller was Harel Insurance Investments & Financial Services, cutting an estimated $330M.

  • 309 institutional investors held Invesco KBW Bank ETF (KBWB) as of Q4 2025, up from 260 in Q3 2025.
  • Funds reported $4.59B of Invesco KBW Bank ETF stock for Q4 2025, up 2.4% quarter-over-quarter.
  • 86 funds opened new Invesco KBW Bank ETF positions in Q4 2025 and 31 closed out, a net change of +55 holders.
  • The largest Invesco KBW Bank ETF buyer in Q4 2025 was JP Morgan Chase, an estimated $233M added.
  • The largest Invesco KBW Bank ETF seller in Q4 2025 was Harel Insurance Investments & Financial Services, an estimated $330M sold.

Based on aggregated 13F filings for Q4 2025.