We are live on ! Find out more
KBWB icon

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
CWG
51
Crown Wealth Group
North Carolina
$5.75M +$5.4M +68,215 New
SIM
52
SSI Investment Management
California
$5.53M +$4.19K +53 +0.1%
BBP
53
Banco BTG Pactual
Brazil
$5.48M -$1.98M -25,000 -28%
Tudor Investment Corp
54
Tudor Investment Corp
Connecticut
$5.27M +$4.94M +62,514 New
FIBOI
55
First International Bank of Israel
$5.23M – – –
MCM
56
Massar Capital Management
Connecticut
$5.15M +$4.83M +61,062 New
SAM
57
Silphium Asset Management
United Kingdom
$5.04M +$657K +8,306 +16%
QWM
58
Quadcap Wealth Management
Texas
$4.77M +$123K +1,550 +3%
Northwestern Mutual Wealth Management
59
Northwestern Mutual Wealth Management
Wisconsin
$4.56M +$3.23M +40,834 +307%
UBS AM
60
UBS AM
Illinois
$4.54M +$4.26M +53,887 New
PFPG
61
Pinnacle Financial Partners (Georgia)
Georgia
$4.54M +$4.26M +53,822 New
Citigroup
62
Citigroup
New York
$4.52M -$12.4M -156,829 -75%
VWWMG
63
Vermillion & White Wealth Management Group
Pennsylvania
$4.42M +$171K +2,163 +4%
Envestnet Portfolio Solutions
64
Envestnet Portfolio Solutions
Illinois
$4.34M +$628K +7,937 +18%
P
65
&Partners
Tennessee
$4.2M +$114K +1,443 +3%
YIH
66
Y-Intercept (HK)
Hong Kong
$4.15M +$3.89M +49,233 New
Renaissance Technologies
67
Renaissance Technologies
New York
$4.03M -$1.54M -19,500 -29%
Commonwealth Equity Services
68
Commonwealth Equity Services
Massachusetts
$3.95M +$2.06M +26,021 +125%
PCH
69
PGIM Custom Harvest
New Jersey
$3.74M -$125K -1,578 -3%
Principal Financial Group
70
Principal Financial Group
Iowa
$3.64M +$3.42M +43,223 New
QFA
71
Quattro Financial Advisors
Texas
$3.56M +$23.7K +300 +0.7%
QCM
72
Quantinno Capital Management
New York
$3.56M -$74.2K -938 -2%
Rockefeller Capital Management
73
Rockefeller Capital Management
New York
$3.43M +$1.35M +17,078 +72%
PMG
74
ProVise Management Group
Florida
$3.41M -$89.7K -1,134 -3%
AWMS
75
Advocacy Wealth Management Services
Georgia
$3.2M +$157K +1,991 +6%
1 2
3
4 5

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.