Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF
PDN
102 hedge funds and large institutions have $270M invested in Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF in 2025 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 35 increasing their positions, 31 reducing their positions, and 7 closing their positions.
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
13% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 31
2% more funds holding
Funds holding: 100 → 102 (+2)
0.04% more ownership
Funds ownership: 68.37% → 68.41% (+0.04%)
23% less capital inflows, than outflows
Capital inflows: $10.2M | Capital outflows: $13.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$3.62M |
| 2 |
Flow Traders U.S.
New York
|
+$1.89M |
| 3 |
Modern Wealth Management
Lenexa,
Kansas
|
+$1.49M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$478K |
| 5 |
Jane Street
New York
|
+$442K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Charles Schwab
San Francisco,
California
|
-$8.17M |
| 2 |
Cutler Investment Counsel
Jacksonville,
Oregon
|
-$2.01M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$1.37M |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$407K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$279K |
PDN Hedge Fund Activity: Q1 2025 in Review
102 of the 7,486 institutional investors tracked by Wall St. Rank reported a position in Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF (PDN) for Q1 2025, worth a combined $270M — up 4.5% from $259M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new PDN positions and 7 closed out — a net gain of 3 holders — while 35 added to existing stakes and 31 trimmed.
The largest buyer was Citadel Advisors, opening a new position worth an estimated $3.62M. The largest seller was Charles Schwab, cutting an estimated $8.17M.
- 102 institutional investors held Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF (PDN) as of Q1 2025, up from 100 in Q4 2024.
- Funds reported $270M of Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF stock for Q1 2025, up 4.5% quarter-over-quarter.
- 10 funds opened new Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF positions in Q1 2025 and 7 closed out, a net change of +3 holders.
- The largest Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF buyer in Q1 2025 was Citadel Advisors, an estimated $3.62M added.
- The largest Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF seller in Q1 2025 was Charles Schwab, an estimated $8.17M sold.
Based on aggregated 13F filings for Q1 2025.