Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF
PDN
106 hedge funds and large institutions have $202M invested in Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF in 2026 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 33 increasing their positions, 30 reducing their positions, and 7 closing their positions.
86% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 7
10% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 30
5% more funds holding
Funds holding: 101 → 106 (+5)
4% more capital invested
Capital invested by funds: $194M → $202M (+$8.1M)
0.08% more ownership
Funds ownership: 54.48% → 54.55% (+0.08%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$6.95M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$6.18M |
| 3 |
Jane Street
New York
|
+$3.77M |
| 4 |
FTUS
Flow Traders U.S.
New York
|
+$1.32M |
| 5 |
VFO
Virtus Family Office
El Paso,
Texas
|
+$998K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Charles Schwab
San Francisco,
California
|
-$7.33M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$5.05M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$3.06M |
| 4 |
Mercer Global Advisors
Denver,
Colorado
|
-$511K |
| 5 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
-$313K |
PDN Hedge Fund Activity: Q1 2026 in Review
106 of the 8,191 institutional investors tracked by Wall St. Rank reported a position in Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF (PDN) for Q1 2026, worth a combined $202M — up 4.2% from $194M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new PDN positions and 7 closed out — a net gain of 6 holders — while 33 added to existing stakes and 30 trimmed.
The largest buyer was LPL Financial, adding an estimated $6.95M. The largest seller was Charles Schwab, cutting an estimated $7.33M.
- 106 institutional investors held Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF (PDN) as of Q1 2026, up from 101 in Q4 2025.
- Funds reported $202M of Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF stock for Q1 2026, up 4.2% quarter-over-quarter.
- 13 funds opened new Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF positions in Q1 2026 and 7 closed out, a net change of +6 holders.
- The largest Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF buyer in Q1 2026 was LPL Financial, an estimated $6.95M added.
- The largest Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF seller in Q1 2026 was Charles Schwab, an estimated $7.33M sold.
Based on aggregated 13F filings for Q1 2026.