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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
NAG
201
Northstar Advisory Group
New Jersey
$261K +$245K +3,097 New
HI
202
Harbour Investments
Wisconsin
$261K +$194K +2,451 +382%
SA
203
Sanctuary Advisors
Indiana
$258K -$49K -619 -17%
EV
204
EJMK Ventures
Illinois
$255K +$239K +3,028 New
WA
205
Waverly Advisors
Alabama
$254K +$238K +3,014 New
JSSH
206
J. Safra Sarasin Holding
$254K +$237 +3 +0.1%
EM
207
ELCO Management
New York
$253K +$237K +3,000 New
CCM
208
Collar Capital Management
Wisconsin
$244K -$5.54K -70 -2%
HFW
209
Horizon Family Wealth
Illinois
$240K +$225K +2,844 New
FTS
210
Fifth Third Securities
Ohio
$237K – – –
SWM
211
Spire Wealth Management
Virginia
$237K +$174K +2,200 +359%
Pathstone Holdings
212
Pathstone Holdings
New Jersey
$236K +$222K +2,803 New
FFWA
213
FRG Family Wealth Advisors
Washington
$236K – – –
Wealth Enhancement Advisory Services
214
Wealth Enhancement Advisory Services
Minnesota
$236K +$210K +2,658 New
WIA
215
World Investment Advisors
California
$231K +$217K +2,743 New
IIC
216
Ironwood Investment Counsel
Arizona
$224K – – –
WLIM
217
White Lighthouse Investment Management
Massachusetts
$221K +$207K +2,616 New
BCM
218
Beck Capital Management
Texas
$217K +$204K +2,576 New
GVAG
219
Great Valley Advisor Group
Delaware
$213K +$199K +2,521 New
VA
220
VestGen Advisors
Illinois
$208K +$195K +2,468 New
MAG
221
MRA Advisory Group
New Jersey
$204K +$191K +2,415 New
SCM
222
SCS Capital Management
Massachusetts
$203K +$190K +2,403 New
PNC Financial Services Group
223
PNC Financial Services Group
Pennsylvania
$201K -$46.3K -585 -20%
FF
224
Finley Financial
Nevada
$190K – – –
US Bancorp
225
US Bancorp
Minnesota
$184K +$4.03K +51 +2%
7 8
9
10 11

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.