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

87 hedge funds and large institutions have $378M invested in Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF in 2023 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 32 increasing their positions, 25 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

28% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 25

0.04% less ownership

Funds ownership: 76% → 75.95% (-0.04%)

7% less capital invested

Capital invested by funds: $407M → $378M (-$29M)

10% less funds holding

Funds holding: 97 → 87 (-10)

50% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 16

Holders
87
Holders Change
-10
Holders Change %
-10.31%
% of All Funds
1.38%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
32
Reduced
25
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$1.96M
2
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$956K
3
LPL Financial
LPL Financial
California
+$750K
4
LSA
L & S Advisors
California
+$439K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$298K

Top Sellers

Rank Fund Capital Flow
1
CSIA
Charles Schwab Investment Advisory
California
-$6.55M
2
MWM
Merriman Wealth Management
Washington
-$4.52M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$2.12M
4
Invesco
Invesco
Georgia
-$1.2M
5
FTUS
Flow Traders U.S.
New York
-$1.18M
Name Holding Trade Value Shares
Change 		Change in
Stake
KA
26
Klingman & Associates
New York
$777K +$31.1K +1,000 +4%
GW
27
GW & Wade
Massachusetts
$755K – – –
Creative Planning
28
Creative Planning
Kansas
$752K +$67.5K +2,175 +9%
C
29
Certuity
Florida
$738K +$5.81K +187 +0.8%
CIBC World Market
30
CIBC World Market
Ontario, Canada
$681K +$2.3K +74 +0.3%
SMC
31
Smith, Moore & Co
Missouri
$659K -$4.63K -149 -0.7%
Commonwealth Equity Services
32
Commonwealth Equity Services
Massachusetts
$615K -$52.1K -1,678 -7%
SM
33
Sensible Money
Arizona
$535K – – –
Morgan Stanley
34
Morgan Stanley
New York
$502K -$7.79K -251 -1%
CC
35
Callan Capital
California
$499K – – –
RSWM
36
Robertson Stephens Wealth Management
California
$490K – – –
CGL
37
Clarius Group LLC
Washington
$449K +$116K +3,725 +32%
Mariner
38
Mariner
Kansas
$391K -$23.5K -757 -5%
CIAS
39
CFS Investment Advisory Services
New Jersey
$385K -$19.5K -628 -5%
Cetera Investment Advisers
40
Cetera Investment Advisers
Illinois
$382K – – –
Bank of America
41
Bank of America
North Carolina
$378K -$863K -27,784 -68%
JWA
42
JFS Wealth Advisors
Pennsylvania
$340K -$20.2K -650 -5%
AF
43
Allworth Financial
California
$335K -$60.8K -1,958 -15%
UBS Group
44
UBS Group
Switzerland
$312K -$75.1K -2,419 -19%
TBWA
45
Three Bridge Wealth Advisors
California
$311K +$186 +6 +0.1%
KAS
46
Kestra Advisory Services
Texas
$289K +$342 +11 +0.1%
IFA
47
Index Fund Advisors
California
$281K – – –
CRI
48
Colonial River Investments
Virginia
$278K -$4.04K -130 -1%
AAS
49
Avantax Advisory Services
Texas
$263K +$1.49K +48 +0.5%
CA
50
CoreCap Advisors
Michigan
$255K +$268K +8,642 New
1
2
3 4 5

PDN Hedge Fund Activity: Q3 2023 in Review

87 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF (PDN) for Q3 2023, worth a combined $378M — down 7.1% from $407M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of PDN and 8 opened new positions — a net loss of 8 holders — while 25 trimmed existing stakes and 32 added.

The largest buyer was Jane Street, adding an estimated $1.96M. The largest seller was Charles Schwab Investment Advisory, cutting an estimated $6.55M.

  • 87 institutional investors held Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF (PDN) as of Q3 2023, down from 97 in Q2 2023.
  • Funds reported $378M of Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF stock for Q3 2023, down 7.1% quarter-over-quarter.
  • 8 funds opened new Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF positions in Q3 2023 and 16 closed out, a net change of -8 holders.
  • The largest Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF buyer in Q3 2023 was Jane Street, an estimated $1.96M added.
  • The largest Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF seller in Q3 2023 was Charles Schwab Investment Advisory, an estimated $6.55M sold.

Based on aggregated 13F filings for Q3 2023.