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Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF
PDN

86 hedge funds and large institutions have $440M invested in Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF in 2023 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 22 increasing their positions, 35 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

3% more capital invested

Capital invested by funds: $428M → $440M (+$11.1M)

1% less ownership

Funds ownership: 77.13% → 76.13% (-1%)

9% less funds holding

Funds holding: 94 → 86 (-8)

33% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 9

37% less repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 35

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
86
Holders Change
-8
Holders Change %
-8.51%
% of All Funds
1.37%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
6
Increased
22
Reduced
35
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
+$25.4M
2
FTUS
Flow Traders U.S.
New York
+$4.32M
3
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$2.59M
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$955K
5
OMC
Old Mission Capital
Illinois
+$657K

Top Sellers

Rank Fund Capital Flow
1
CSIA
Charles Schwab Investment Advisory
California
-$25.3M
2
Invesco
Invesco
Georgia
-$2.85M
3
RPSA
Richard P. Slaughter Associates
Texas
-$2.29M
4
Jane Street
Jane Street
New York
-$2.13M
5
BA
Bridge Advisory
California
-$973K
Name Holding Trade Value Shares
Change 		Change in
Stake
KA
26
Klingman & Associates
New York
$792K – – –
GW
27
GW & Wade
Massachusetts
$792K – – –
Creative Planning
28
Creative Planning
Kansas
$778K +$61.2K +1,978 +9%
C
29
Certuity
Florida
$762K – – –
CIBC World Market
30
CIBC World Market
Ontario, Canada
$715K +$16.1K +521 +2%
SMC
31
Smith, Moore & Co
Missouri
$709K -$2.23K -72 -0.3%
AF
32
Allworth Financial
California
$679K -$260K -8,407 -28%
SM
33
Sensible Money
Arizona
$561K – – –
Morgan Stanley
34
Morgan Stanley
New York
$543K -$25.9K -837 -5%
CC
35
Callan Capital
California
$523K – – –
RSWM
36
Robertson Stephens Wealth Management
California
$515K -$197K -6,381 -28%
CIAS
37
CFS Investment Advisory Services
New Jersey
$423K -$64K -2,068 -13%
QCIG
38
Quad-Cities Investment Group
Iowa
$423K +$51.2K +1,654 +14%
Cetera Investment Advisers
39
Cetera Investment Advisers
Illinois
$390K – – –
CRI
40
Colonial River Investments
Virginia
$388K -$345K -11,143 -47%
JWA
41
JFS Wealth Advisors
Pennsylvania
$382K -$7.08K -229 -2%
UBS Group
42
UBS Group
Switzerland
$380K -$106K -3,433 -22%
Jane Street
43
Jane Street
New York
$380K -$2.13M -68,883 -85%
CGL
44
Clarius Group LLC
Washington
$356K -$26.7K -863 -7%
TBWA
45
Three Bridge Wealth Advisors
California
$329K -$15.1K -488 -4%
RJFSA
46
Raymond James Financial Services Advisors
Florida
$303K -$4.8K -155 -2%
KAS
47
Kestra Advisory Services
Texas
$303K +$302K +9,774 New
Mariner
48
Mariner
Kansas
$300K -$6.59K -213 -2%
IFA
49
Index Fund Advisors
California
$295K – – –
SFS
50
Summit Financial Strategies
Ohio
$260K – – –
1
2
3 4

PDN Hedge Fund Activity: Q1 2023 in Review

86 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF (PDN) for Q1 2023, worth a combined $440M — up 2.6% from $428M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of PDN and 6 opened new positions — a net loss of 3 holders — while 35 trimmed existing stakes and 22 added.

The largest buyer was Citadel Advisors, adding an estimated $25.4M. The largest seller was Charles Schwab Investment Advisory, cutting an estimated $25.3M.

  • 86 institutional investors held Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF (PDN) as of Q1 2023, down from 94 in Q4 2022.
  • Funds reported $440M of Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF stock for Q1 2023, up 2.6% quarter-over-quarter.
  • 6 funds opened new Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF positions in Q1 2023 and 9 closed out, a net change of -3 holders.
  • The largest Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF buyer in Q1 2023 was Citadel Advisors, an estimated $25.4M added.
  • The largest Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF seller in Q1 2023 was Charles Schwab Investment Advisory, an estimated $25.3M sold.

Based on aggregated 13F filings for Q1 2023.