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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
YP
301
YANKCOM Partnership
South Dakota
$2.88K +$2.69K +34 New
AAP
302
Arax Advisory Partners
Colorado
$2.53K +$2.37K +30 New
DF
303
DecisionPoint Financial
Arizona
$2.53K +$2.37K +30 New
RFP
304
Root Financial Partners
California
$2.2K -$1.03K -13 -33%
SIC
305
SJS Investment Consulting
Ohio
$2.11K +$1.98K +25 New
DSC
306
Duncker Streett & Co
Missouri
$1.18K – – –
FHA
307
Flagship Harbor Advisors
Massachusetts
$1.18K +$1.11K +14 New
BC
308
Barrett & Company
Rhode Island
$674 – – –
BWM
309
Bernard Wealth Management
Michigan
$338 – – –
SGK
310
Steigerwald Gordon & Koch
Virginia
$253 – – –
Two Sigma Investments
311
Two Sigma Investments
New York
– -$94.9M -1,213,448 Closed
MW
312
Marks Wealth
Maryland
– -$17M -217,459 Closed
MTWSIF
313
Mivtachim The Workers Social Insurance Fund
Israel
– -$9.93M -127,000 Closed
QC
314
Quadrature Capital
United Kingdom
– -$4.92M -62,942 Closed
IIA
315
IPG Investment Advisors
California
– -$3.14M -40,180 Closed
GS
316
GTS Securities
New York
– -$2.68M -34,328 Closed
PFS
317
Prospera Financial Services
Texas
– -$1.76M -22,456 Closed
Millennium Management
318
Millennium Management
New York
– -$1.46M -18,689 Closed
BFA
319
Beacon Financial Advisory
Ohio
– -$1.01M -12,873 Closed
PTC
320
Philadelphia Trust Company
Pennsylvania
– -$782K -10,000 Closed
CIBC World Market
321
CIBC World Market
Ontario, Canada
– -$685K -8,762 Closed
Stifel Financial
322
Stifel Financial
Missouri
– -$649K -8,295 Closed
SM
323
Stonegate Management
Illinois
– -$560K -7,165 Closed
KGP
324
Keystone Global Partners
Colorado
– -$307K -3,930 Closed
CIS
325
Custom Index Systems
New York
– -$284K -3,630 Closed
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.