Invesco KBW Property & Casualty Insurance ETF
KBWP
58 hedge funds and large institutions have $141M invested in Invesco KBW Property & Casualty Insurance ETF in 2025 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 24 increasing their positions, 18 reducing their positions, and 14 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 18
13.19% less ownership
Funds ownership: 61.51% → 48.32% (-13%)
15% less funds holding
Funds holding: 68 → 58 (-10)
64% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 14
85% less capital inflows, than outflows
Capital inflows: $25.7M | Capital outflows: $177M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$3.51M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.1M |
| 3 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$1.8M |
| 4 |
Kestra Advisory Services
Austin,
Texas
|
+$745K |
| 5 |
Two Sigma Investments
New York
|
+$638K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Harel Insurance Investments & Financial Services
Ramat Gan,
Israel
|
-$129M |
| 2 |
Morgan Stanley
New York
|
-$12.7M |
| 3 |
Raymond James Financial
St Petersburg,
Florida
|
-$6.4M |
| 4 |
Virtue Capital Management
Brentwood,
Tennessee
|
-$4.43M |
| 5 |
LPL Financial
San Diego,
California
|
-$4.14M |
KBWP Hedge Fund Activity: Q4 2025 in Review
58 of the 8,297 institutional investors tracked by Wall St. Rank reported a position in Invesco KBW Property & Casualty Insurance ETF (KBWP) for Q4 2025, worth a combined $141M — down 52% from $292M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of KBWP and 5 opened new positions — a net loss of 9 holders — while 18 trimmed existing stakes and 24 added.
The largest buyer was Goldman Sachs, adding an estimated $3.51M. The largest seller was Harel Insurance Investments & Financial Services, cutting an estimated $129M.
- 58 institutional investors held Invesco KBW Property & Casualty Insurance ETF (KBWP) as of Q4 2025, down from 68 in Q3 2025.
- Funds reported $141M of Invesco KBW Property & Casualty Insurance ETF stock for Q4 2025, down 52% quarter-over-quarter.
- 5 funds opened new Invesco KBW Property & Casualty Insurance ETF positions in Q4 2025 and 14 closed out, a net change of -9 holders.
- The largest Invesco KBW Property & Casualty Insurance ETF buyer in Q4 2025 was Goldman Sachs, an estimated $3.51M added.
- The largest Invesco KBW Property & Casualty Insurance ETF seller in Q4 2025 was Harel Insurance Investments & Financial Services, an estimated $129M sold.
Based on aggregated 13F filings for Q4 2025.