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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
SWP
151
Stratos Wealth Partners
Ohio
$579K -$334K -4,219 -38%
KF
152
Krilogy Financial
Missouri
$576K -$5.76M -72,812 -92%
PWM
153
Puff Wealth Management
New Jersey
$566K +$128K +1,624 +33%
XT
154
XTX Topco
Cayman Islands
$549K +$273K +3,453 +113%
Franklin Resources
155
Franklin Resources
California
$534K -$81.5K -1,030 -14%
ODIJL
156
One Day In July LLC
Vermont
$533K -$5.06K -64 -1%
MML Investors Services
157
MML Investors Services
Massachusetts
$532K -$27.9K -353 -5%
IA
158
Integrity Alliance
Iowa
$525K +$492K +6,226 New
TWM
159
Tanager Wealth Management
United Kingdom
$511K – – –
NWWA
160
New Wave Wealth Advisors
Arkansas
$504K +$473K +5,985 New
IC
161
IEQ Capital
California
$502K +$79.6K +1,007 +20%
CG
162
Caprock Group
Idaho
$501K +$154K +1,944 +49%
IRP
163
Investment Research Partners
Pennsylvania
$501K – – –
JRPCML
164
J. R. Prunier Capital Management LLC
Massachusetts
$497K +$467K +5,902 New
IWC
165
Integrated Wealth Concepts
Massachusetts
$489K +$46K +582 +11%
Fidelity Investments
166
Fidelity Investments
Massachusetts
$487K -$20.2K -255 -4%
EH
167
Equitable Holdings
New York
$480K -$162K -2,052 -26%
TFA
168
Tranquilli Financial Advisor
New Jersey
$478K -$6.01K -76 -1%
HT
169
Headlands Technologies
Illinois
$476K +$447K +5,646 New
FM
170
Family Management
New York
$456K – – –
SFP
171
Shepherd Financial Partners
Massachusetts
$441K -$29.6K -374 -7%
CCFM
172
Clear Creek Financial Management
Washington
$424K +$398K +5,027 New
M&T Bank
173
M&T Bank
New York
$421K – – –
Focus Partners Wealth
174
Focus Partners Wealth
Massachusetts
$418K +$392K +4,956 New
JIP
175
Jaffetilchin Investment Partners
Florida
$409K +$384K +4,851 New
5 6
7
8 9

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.