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Invesco Food & Beverage ETF
PBJ

63 hedge funds and large institutions have $63.2M invested in Invesco Food & Beverage ETF in 2023 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 11 increasing their positions, 30 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

13.81% less ownership

Funds ownership: 57.84% → 44.04% (-14%)

22% less funds holding

Funds holding: 81 → 63 (-18)

48% less capital invested

Capital invested by funds: $121M → $63.2M (-$58.1M)

63% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 30

68% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 25

Holders
63
Holders Change
-18
Holders Change %
-22.22%
% of All Funds
0.92%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
11
Reduced
30
Closed
25
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
+$801K
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$562K
3
AAS
Avantax Advisory Services
Texas
+$532K
4
Two Sigma Investments
Two Sigma Investments
New York
+$319K
5
FTUS
Flow Traders U.S.
New York
+$291K

Top Sellers

Rank Fund Capital Flow
1
HighTower Advisors
HighTower Advisors
Illinois
-$21M
2
FHA
Flagship Harbor Advisors
Massachusetts
-$14.1M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$7.26M
4
LPL Financial
LPL Financial
California
-$3.63M
5
Bank of America
Bank of America
North Carolina
-$2.89M
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$10.1M +$89.8K +2,086 +1%
LPL Financial
2
LPL Financial
California
$7.94M -$3.63M -84,229 -33%
Bank of America
3
Bank of America
North Carolina
$6.07M -$2.89M -67,187 -34%
UBS Group
4
UBS Group
Switzerland
$4.78M -$2.16M -50,089 -32%
MFG
5
Mainsail Financial Group
Washington
$2.66M +$167K +3,871 +7%
SCM
6
Sage Capital Management
New Jersey
$2.55M +$2.39M +55,551 New
HR
7
Howe & Rusling
New York
$2.35M -$62.7K -1,455 -3%
Commonwealth Equity Services
8
Commonwealth Equity Services
Massachusetts
$2.07M -$259K -6,023 -12%
Goldman Sachs
9
Goldman Sachs
New York
$1.92M -$16.2K -375 -0.9%
MC
10
Martin & Co
Tennessee
$1.9M -$79.9K -1,855 -4%
WS
11
Wedbush Securities
California
$1.75M -$69.9K -1,622 -4%
RJA
12
Raymond James & Associates
Florida
$1.73M -$2.01M -46,702 -55%
AAS
13
Avantax Advisory Services
Texas
$1.7M +$532K +12,362 +50%
Susquehanna International Group
14
Susquehanna International Group
Pennsylvania
$1.53M +$562K +13,060 +64%
TRCT
15
Tower Research Capital (TRC)
New York
$1.33M +$20.1K +466 +2%
Osaic Holdings
16
Osaic Holdings
Arizona
$1.29M -$1.98M -46,000 -62%
NP
17
Nilsine Partners
Colorado
$1.28M +$6.12K +142 +0.5%
Millennium Management
18
Millennium Management
New York
$853K +$801K +18,606 New
RJFSA
19
Raymond James Financial Services Advisors
Florida
$794K -$1.38M -31,963 -65%
PS
20
Principal Securities
Iowa
$708K +$665K +15,443 New
Envestnet Asset Management
21
Envestnet Asset Management
Illinois
$627K -$76.1K -1,767 -11%
EH
22
Equitable Holdings
New York
$607K -$663K -15,388 -54%
Ameriprise
23
Ameriprise
Minnesota
$592K -$1.09M -25,220 -66%
Two Sigma Investments
24
Two Sigma Investments
New York
$559K +$319K +7,400 +154%
MML Investors Services
25
MML Investors Services
Massachusetts
$505K +$6.63K +154 +1%
1
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PBJ Hedge Fund Activity: Q4 2023 in Review

63 of the 6,860 institutional investors tracked by Wall St. Rank reported a position in Invesco Food & Beverage ETF (PBJ) for Q4 2023, worth a combined $63.2M — down 48% from $121M a quarter earlier.

Sellers outnumbered buyers: 25 funds closed out of PBJ and 8 opened new positions — a net loss of 17 holders — while 30 trimmed existing stakes and 11 added.

The largest buyer was Millennium Management, opening a new position worth an estimated $801K. The largest seller was HighTower Advisors, cutting an estimated $21M.

  • 63 institutional investors held Invesco Food & Beverage ETF (PBJ) as of Q4 2023, down from 81 in Q3 2023.
  • Funds reported $63.2M of Invesco Food & Beverage ETF stock for Q4 2023, down 48% quarter-over-quarter.
  • 8 funds opened new Invesco Food & Beverage ETF positions in Q4 2023 and 25 closed out, a net change of -17 holders.
  • The largest Invesco Food & Beverage ETF buyer in Q4 2023 was Millennium Management, an estimated $801K added.
  • The largest Invesco Food & Beverage ETF seller in Q4 2023 was HighTower Advisors, an estimated $21M sold.

Based on aggregated 13F filings for Q4 2023.