Invesco Water Resources ETF
380 hedge funds and large institutions have $859M invested in Invesco Water Resources ETF in 2025 Q4 according to their latest regulatory filings, with 43 funds opening new positions, 97 increasing their positions, 105 reducing their positions, and 40 closing their positions.
75% more funds holding in top 10
Funds holding in top 10: 4 → 7 (+3)
8% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 40
7% more call options, than puts
Call options by funds: $303K | Put options by funds: $282K
0.21% less ownership
Funds ownership: 39.81% → 39.6% (-0.21%)
1% less funds holding
Funds holding: 383 → 380 (-3)
4% less capital invested
Capital invested by funds: $892M → $859M (-$32.8M)
8% less repeat investments, than reductions
Existing positions increased: 97 | Existing positions reduced: 105
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PWM
Perigon Wealth Management
San Francisco,
California
|
+$27.7M |
| 2 |
SWM
Shepherd Wealth Management
Cincinnati,
Ohio
|
+$14.3M |
| 3 |
AI
Atria Investments
Charlotte,
North Carolina
|
+$3.29M |
| 4 |
AWM
Axxcess Wealth Management
Carlsbad,
California
|
+$1.85M |
| 5 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$1.43M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HighTower Advisors
Chicago,
Illinois
|
-$26.7M |
| 2 |
Morgan Stanley
New York
|
-$9.84M |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$9.18M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$7.43M |
| 5 |
PL
Polianta Ltd
St Helier,
Jersey
|
-$4.89M |
PHO Hedge Fund Activity: Q4 2025 in Review
380 of the 8,266 institutional investors tracked by Wall St. Rank reported a position in Invesco Water Resources ETF (PHO) for Q4 2025, worth a combined $859M — down 3.7% from $892M a quarter earlier.
Buyers outnumbered sellers: 43 funds opened new PHO positions and 40 closed out — a net gain of 3 holders — while 97 added to existing stakes and 105 trimmed.
The largest buyer was Perigon Wealth Management, opening a new position worth an estimated $27.7M. The largest seller was HighTower Advisors, cutting an estimated $26.7M.
- 380 institutional investors held Invesco Water Resources ETF (PHO) as of Q4 2025, down from 383 in Q3 2025.
- Funds reported $859M of Invesco Water Resources ETF stock for Q4 2025, down 3.7% quarter-over-quarter.
- 43 funds opened new Invesco Water Resources ETF positions in Q4 2025 and 40 closed out, a net change of +3 holders.
- The largest Invesco Water Resources ETF buyer in Q4 2025 was Perigon Wealth Management, an estimated $27.7M added.
- The largest Invesco Water Resources ETF seller in Q4 2025 was HighTower Advisors, an estimated $26.7M sold.
Based on aggregated 13F filings for Q4 2025.