Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF
PDN
100 hedge funds and large institutions have $177M invested in Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF in 2026 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 34 increasing their positions, 26 reducing their positions, and 13 closing their positions.
31% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 26
3.73% less ownership
Funds ownership: 54.55% → 50.83% (-3.7%)
6% less funds holding
Funds holding: 106 → 100 (-6)
12% less capital invested
Capital invested by funds: $202M → $177M (-$25.1M)
15% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CI Investments Inc
Toronto,
Ontario, Canada
|
+$12.6M |
| 2 |
EWA
EP Wealth Advisors
Torrance,
California
|
+$9.04M |
| 3 |
Goldman Sachs
New York
|
+$1.66M |
| 4 |
Jones Financial Companies
Des Peres,
Missouri
|
+$432K |
| 5 |
VFO
Virtus Family Office
El Paso,
Texas
|
+$396K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Charles Schwab
San Francisco,
California
|
-$18.7M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$10.9M |
| 3 |
LPL Financial
San Diego,
California
|
-$7.07M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$5.52M |
| 5 |
Jane Street
New York
|
-$3.9M |
PDN Hedge Fund Activity: Q2 2026 in Review
100 of the 8,305 institutional investors tracked by Wall St. Rank reported a position in Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF (PDN) for Q2 2026, worth a combined $177M — down 12% from $202M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of PDN and 11 opened new positions — a net loss of 2 holders — while 26 trimmed existing stakes and 34 added.
The largest buyer was CI Investments Inc, opening a new position worth an estimated $12.6M. The largest seller was Charles Schwab, cutting an estimated $18.7M.
- 100 institutional investors held Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF (PDN) as of Q2 2026, down from 106 in Q1 2026.
- Funds reported $177M of Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF stock for Q2 2026, down 12% quarter-over-quarter.
- 11 funds opened new Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF positions in Q2 2026 and 13 closed out, a net change of -2 holders.
- The largest Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF buyer in Q2 2026 was CI Investments Inc, an estimated $12.6M added.
- The largest Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF seller in Q2 2026 was Charles Schwab, an estimated $18.7M sold.
Based on aggregated 13F filings for Q2 2026.