Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF
PDN
107 hedge funds and large institutions have $207M invested in Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF in 2025 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 32 increasing their positions, 32 reducing their positions, and 5 closing their positions.
260% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 5
11% more funds holding
Funds holding: 96 → 107 (+11)
0% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 32
1% less capital invested
Capital invested by funds: $210M → $207M (-$2.21M)
1.58% less ownership
Funds ownership: 58.6% → 57.02% (-1.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$3.85M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.78M |
| 3 |
SC
Scotia Capital
Toronto,
Ontario, Canada
|
+$874K |
| 4 |
Morgan Stanley
New York
|
+$288K |
| 5 |
EFG
Elm3 Financial Group
Alpharetta,
Georgia
|
+$284K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Charles Schwab
San Francisco,
California
|
-$10.8M |
| 2 |
Jane Street
New York
|
-$3.36M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$3.24M |
| 4 |
Goldman Sachs
New York
|
-$2.75M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$736K |
PDN Hedge Fund Activity: Q3 2025 in Review
107 of the 7,640 institutional investors tracked by Wall St. Rank reported a position in Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF (PDN) for Q3 2025, worth a combined $207M — down 1.1% from $210M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new PDN positions and 5 closed out — a net gain of 13 holders — while 32 added to existing stakes and 32 trimmed.
The largest buyer was Invesco, adding an estimated $3.85M. The largest seller was Charles Schwab, cutting an estimated $10.8M.
- 107 institutional investors held Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF (PDN) as of Q3 2025, up from 96 in Q2 2025.
- Funds reported $207M of Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF stock for Q3 2025, down 1.1% quarter-over-quarter.
- 18 funds opened new Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF positions in Q3 2025 and 5 closed out, a net change of +13 holders.
- The largest Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF buyer in Q3 2025 was Invesco, an estimated $3.85M added.
- The largest Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF seller in Q3 2025 was Charles Schwab, an estimated $10.8M sold.
Based on aggregated 13F filings for Q3 2025.