Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF
PDN
98 hedge funds and large institutions have $309M invested in Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF in 2024 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 33 increasing their positions, 30 reducing their positions, and 7 closing their positions.
71% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 7
10% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 30
4% more funds holding
Funds holding: 94 → 98 (+4)
5.6% less ownership
Funds ownership: 73.69% → 68.09% (-5.6%)
15% less capital invested
Capital invested by funds: $361M → $309M (-$52.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$5.54M |
| 2 |
Jane Street
New York
|
+$5.1M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$807K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$687K |
| 5 |
Morgan Stanley
New York
|
+$440K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Charles Schwab
San Francisco,
California
|
-$81.1M |
| 2 |
MWM
Merriman Wealth Management
Seattle,
Washington
|
-$4.02M |
| 3 |
CIC
Cutler Investment Counsel
Jacksonville,
Oregon
|
-$2.76M |
| 4 |
FTUS
Flow Traders U.S.
New York
|
-$2.61M |
| 5 |
Focus Partners Wealth
Boston,
Massachusetts
|
-$856K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
101
Focus Partners Wealth
Boston,
Massachusetts
| – | -$856K | -25,546 | Closed |
|
|
DAS
102
Dynamic Advisor Solutions
Phoenix,
Arizona
| – | -$653K | -20,194 | Closed |
|
|
CRI
103
Colonial River Investments
Midlothian,
Virginia
| – | -$488K | -15,099 | Closed |
|
|
AWM
104
Axxcess Wealth Management
Carlsbad,
California
| – | -$487K | -15,063 | Closed |
|
|
TBWA
105
Three Bridge Wealth Advisors
Los Altos,
California
| – | -$284K | -8,777 | Closed |
|
|
NP
106
NorthRock Partners
Minneapolis,
Minnesota
| – | -$16.9K | -523 | Closed |
|
PDN Hedge Fund Activity: Q3 2024 in Review
98 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF (PDN) for Q3 2024, worth a combined $309M — down 15% from $361M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new PDN positions and 7 closed out — a net gain of 5 holders — while 33 added to existing stakes and 30 trimmed.
The largest buyer was Susquehanna International Group, adding an estimated $5.54M. The largest seller was Charles Schwab, cutting an estimated $81.1M.
- 98 institutional investors held Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF (PDN) as of Q3 2024, up from 94 in Q2 2024.
- Funds reported $309M of Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF stock for Q3 2024, down 15% quarter-over-quarter.
- 12 funds opened new Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF positions in Q3 2024 and 7 closed out, a net change of +5 holders.
- The largest Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF buyer in Q3 2024 was Susquehanna International Group, an estimated $5.54M added.
- The largest Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF seller in Q3 2024 was Charles Schwab, an estimated $81.1M sold.
Based on aggregated 13F filings for Q3 2024.