Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF
PDN
57 hedge funds and large institutions have $222M invested in Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF in 2018 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 19 increasing their positions, 16 reducing their positions, and 8 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
28% more capital invested
Capital invested by funds: $174M → $222M (+$48.3M)
25% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 8
19% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 16
4% more funds holding
Funds holding: 55 → 57 (+2)
11.13% less ownership
Funds ownership: 79.75% → 68.62% (-11%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
+$66.9M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$4.58M |
| 3 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$3.51M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.79M |
| 5 |
BOTW
Bank of the West
Monterey Park,
California
|
+$2.76M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$3.1M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$2.71M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$2.17M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.33M |
| 5 |
TYCC
Texas Yale Capital Corp
St. Petersburg,
Florida
|
-$1.18M |
PDN Hedge Fund Activity: Q4 2018 in Review
57 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF (PDN) for Q4 2018, worth a combined $222M — up 28% from $174M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new PDN positions and 8 closed out — a net gain of 2 holders — while 19 added to existing stakes and 16 trimmed.
The largest buyer was Charles Schwab Investment Advisory, adding an estimated $66.9M. The largest seller was Jane Street, exiting entirely with an estimated $3.1M sold.
- 57 institutional investors held Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF (PDN) as of Q4 2018, up from 55 in Q3 2018.
- Funds reported $222M of Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF stock for Q4 2018, up 28% quarter-over-quarter.
- 10 funds opened new Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF positions in Q4 2018 and 8 closed out, a net change of +2 holders.
- The largest Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF buyer in Q4 2018 was Charles Schwab Investment Advisory, an estimated $66.9M added.
- The largest Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF seller in Q4 2018 was Jane Street, an estimated $3.1M sold.
Based on aggregated 13F filings for Q4 2018.