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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
HGA
76
Hobbs Group Advisors
South Carolina
$3.2M +$2.71M +34,259 +939%
TFA
77
Transamerica Financial Advisors
Florida
$3.15M +$26.6K +336 +0.9%
PWMG
78
Pinnacle Wealth Management Group
Michigan
$3.12M +$47.1K +595 +2%
DWA
79
Delos Wealth Advisors
Texas
$3.07M +$70.9K +896 +3%
HBW
80
Hazlett, Burt & Watson
West Virginia
$3.01M +$407K +5,151 +17%
CAPTRUST Financial Advisors
81
CAPTRUST Financial Advisors
North Carolina
$2.93M -$3.48K -44 -0.1%
HighTower Advisors
82
HighTower Advisors
Illinois
$2.92M -$454K -5,741 -14%
PAG
83
Private Advisor Group
New Jersey
$2.87M -$492K -6,215 -15%
ACM
84
Anfield Capital Management
California
$2.76M -$3.48M -43,971 -57%
HF
85
HRT Financial
New York
$2.71M -$1.66M -21,008 -39%
FFS
86
Founders Financial Securities
Maryland
$2.66M +$54.4K +688 +2%
JWS
87
Juncture Wealth Strategies
Arizona
$2.64M +$92.1K +1,164 +4%
NW
88
NewEdge Wealth
Pennsylvania
$2.51M +$2.36M +29,790 New
FFA
89
Farther Finance Advisors
California
$2.42M +$2.18M +27,573 +2,460%
CPBTD
90
Central Pacific Bank - Trust Division
Hawaii
$2.4M – – –
KP
91
Keel Point
Alabama
$2.4M +$208K +2,625 +10%
WAS
92
WESPAC Advisors SoCal
California
$2.33M +$136K +1,721 +7%
AWA
93
Arete Wealth Advisors
Illinois
$2.26M +$2.12M +26,838 New
IUHSA
94
Itau Unibanco Holding S.A.
Brazil
$2.17M +$568K +7,184 +39%
Cambridge Investment Research Advisors
95
Cambridge Investment Research Advisors
Iowa
$2.16M +$199K +2,522 +11%
SAM
96
Synergy Asset Management
Washington
$2.09M +$1.96M +24,757 New
Mirae Asset Global Investments
97
Mirae Asset Global Investments
South Korea
$1.91M – – –
MFG
98
Magnus Financial Group
New York
$1.86M +$44.9K +568 +3%
Barclays
99
Barclays
United Kingdom
$1.69M +$1.07M +13,482 +207%
UM
100
Ulysses Management
New York
$1.6M +$712K +9,000 +90%
2 3
4
5 6

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.