Invesco Dorsey Wright Emerging Markets Momentum ETF
PIE
61 hedge funds and large institutions have $71.7M invested in Invesco Dorsey Wright Emerging Markets Momentum ETF in 2025 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 24 increasing their positions, 15 reducing their positions, and 6 closing their positions.
60% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 15
50% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 6
5% more funds holding
Funds holding: 58 → 61 (+3)
0.51% less ownership
Funds ownership: 61.76% → 61.25% (-0.51%)
4% less capital invested
Capital invested by funds: $74.6M → $71.7M (-$2.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$1.45M |
| 2 |
Goldman Sachs
New York
|
+$826K |
| 3 |
P
&Partners
Nashville,
Tennessee
|
+$574K |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
+$564K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$383K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NC
NewSquare Capital
Newtown Square,
Pennsylvania
|
-$1.61M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.1M |
| 3 |
MHS
M Holdings Securities
Portland,
Oregon
|
-$957K |
| 4 |
LCM
Lunt Capital Management
Holladay,
Utah
|
-$828K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$704K |
PIE Hedge Fund Activity: Q4 2025 in Review
61 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Invesco Dorsey Wright Emerging Markets Momentum ETF (PIE) for Q4 2025, worth a combined $71.7M — down 3.9% from $74.6M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new PIE positions and 6 closed out — a net gain of 3 holders — while 24 added to existing stakes and 15 trimmed.
The largest buyer was Wells Fargo, adding an estimated $1.45M. The largest seller was NewSquare Capital, cutting an estimated $1.61M.
- 61 institutional investors held Invesco Dorsey Wright Emerging Markets Momentum ETF (PIE) as of Q4 2025, up from 58 in Q3 2025.
- Funds reported $71.7M of Invesco Dorsey Wright Emerging Markets Momentum ETF stock for Q4 2025, down 3.9% quarter-over-quarter.
- 9 funds opened new Invesco Dorsey Wright Emerging Markets Momentum ETF positions in Q4 2025 and 6 closed out, a net change of +3 holders.
- The largest Invesco Dorsey Wright Emerging Markets Momentum ETF buyer in Q4 2025 was Wells Fargo, an estimated $1.45M added.
- The largest Invesco Dorsey Wright Emerging Markets Momentum ETF seller in Q4 2025 was NewSquare Capital, an estimated $1.61M sold.
Based on aggregated 13F filings for Q4 2025.