Invesco KBW Bank ETF
KBWB
310 hedge funds and large institutions have $4.59B invested in Invesco KBW Bank ETF in 2025 Q4 according to their latest regulatory filings, with 87 funds opening new positions, 96 increasing their positions, 76 reducing their positions, and 31 closing their positions.
235% more call options, than puts
Call options by funds: $94.5M | Put options by funds: $28.2M
181% more first-time investments, than exits
New positions opened: 87 | Existing positions closed: 31
26% more repeat investments, than reductions
Existing positions increased: 96 | Existing positions reduced: 76
19% more funds holding
Funds holding: 260 → 310 (+50)
10.3% less ownership
Funds ownership: 85.92% → 75.62% (-10%)
23% less capital inflows, than outflows
Capital inflows: $697M | Capital outflows: $908M
50% less funds holding in top 10
Funds holding in top 10: 8 → 4 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$233M |
| 2 |
Temasek Holdings
Singapore
|
+$72.8M |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
+$67.6M |
| 4 |
Edmond de Rothschild Holding
Chambesy,
Switzerland
|
+$37.1M |
| 5 |
Menora Mivtachim Holdings
Ramat Gan,
Israel
|
+$36.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Harel Insurance Investments & Financial Services
Ramat Gan,
Israel
|
-$330M |
| 2 |
Clal Insurance
Tel-Aviv,
Israel
|
-$126M |
| 3 |
Migdal Insurance & Financial Holdings
Petach Tikva,
Israel
|
-$121M |
| 4 |
Two Sigma Investments
New York
|
-$94.9M |
| 5 |
Meitav Investment House
Bene-Beraq,
Israel
|
-$41.8M |
KBWB Hedge Fund Activity: Q4 2025 in Review
310 of the 8,294 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: 87 funds opened new KBWB positions and 31 closed out — a net gain of 56 holders — while 96 added to existing stakes and 76 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.
- 310 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.
- 87 funds opened new Invesco KBW Bank ETF positions in Q4 2025 and 31 closed out, a net change of +56 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.