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.
3% more capital invested
Capital invested by funds: $428M → $440M (+$11.8M)
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$25.4M |
| 2 |
FTUS
Flow Traders U.S.
New York
|
+$4.32M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$2.59M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$955K |
| 5 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$657K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
-$25.3M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$2.85M |
| 3 |
RPSA
Richard P. Slaughter Associates
Austin,
Texas
|
-$2.29M |
| 4 |
Jane Street
New York
|
-$2.13M |
| 5 |
BA
Bridge Advisory
Pasadena,
California
|
-$973K |
PDN Hedge Fund Activity: Q1 2023 in Review
86 of the 6,283 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 2.7% 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 2.7% 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.