Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF
PDN
55 hedge funds and large institutions have $254M invested in Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF in 2020 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 12 increasing their positions, 21 reducing their positions, and 12 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
14% more capital invested
Capital invested by funds: $223M → $254M (+$30.6M)
2.58% more ownership
Funds ownership: 72.62% → 75.19% (+2.6%)
7% less funds holding
Funds holding: 59 → 55 (-4)
33% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 12
43% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$18.1M |
| 2 |
OWM
Opes Wealth Management
Menlo Park,
California
|
+$7.22M |
| 3 |
SL
Systelligence LLC
Bloomington,
Minnesota
|
+$5.84M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$4.11M |
| 5 |
ACWM
Adams Chetwood Wealth Management
Durham,
North Carolina
|
+$1.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
-$39.6M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$3.22M |
| 3 |
DSA
Droms Strauss Advisors
St. Louis,
Missouri
|
-$1.33M |
| 4 |
GC
GFG Capital
Miami,
Florida
|
-$1.33M |
| 5 |
BOTW
Bank of the West
Monterey Park,
California
|
-$1.04M |
PDN Hedge Fund Activity: Q2 2020 in Review
55 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF (PDN) for Q2 2020, worth a combined $254M — up 14% from $223M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of PDN and 8 opened new positions — a net loss of 4 holders — while 21 trimmed existing stakes and 12 added.
The largest buyer was Citadel Advisors, adding an estimated $18.1M. The largest seller was Charles Schwab Investment Advisory, cutting an estimated $39.6M.
- 55 institutional investors held Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF (PDN) as of Q2 2020, down from 59 in Q1 2020.
- Funds reported $254M of Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF stock for Q2 2020, up 14% quarter-over-quarter.
- 8 funds opened new Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF positions in Q2 2020 and 12 closed out, a net change of -4 holders.
- The largest Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF buyer in Q2 2020 was Citadel Advisors, an estimated $18.1M added.
- The largest Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF seller in Q2 2020 was Charles Schwab Investment Advisory, an estimated $39.6M sold.
Based on aggregated 13F filings for Q2 2020.