Invesco Dorsey Wright Developed Markets Momentum ETF
PIZ
79 hedge funds and large institutions have $333M invested in Invesco Dorsey Wright Developed Markets Momentum ETF in 2025 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 29 increasing their positions, 20 reducing their positions, and 8 closing their positions.
113% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 8
45% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 20
27% more capital invested
Capital invested by funds: $262M → $333M (+$70.4M)
11% more funds holding
Funds holding: 71 → 79 (+8)
0.2% less ownership
Funds ownership: 73.22% → 73.02% (-0.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$15.5M |
| 2 |
Morgan Stanley
New York
|
+$11.8M |
| 3 |
AFS
Axiom Financial Strategies
New Albany,
Indiana
|
+$10.9M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$5.5M |
| 5 |
SL
Systelligence LLC
Bloomington,
Minnesota
|
+$5.49M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$3.64M |
| 2 |
NAS
NWF Advisory Services
Los Angeles,
California
|
-$2.78M |
| 3 |
GS
GTS Securities
New York
|
-$2.75M |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
-$1.81M |
| 5 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
-$742K |
PIZ Hedge Fund Activity: Q3 2025 in Review
79 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Invesco Dorsey Wright Developed Markets Momentum ETF (PIZ) for Q3 2025, worth a combined $333M — up 27% from $262M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new PIZ positions and 8 closed out — a net gain of 9 holders — while 29 added to existing stakes and 20 trimmed.
The largest buyer was LPL Financial, adding an estimated $15.5M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $3.64M sold.
- 79 institutional investors held Invesco Dorsey Wright Developed Markets Momentum ETF (PIZ) as of Q3 2025, up from 71 in Q2 2025.
- Funds reported $333M of Invesco Dorsey Wright Developed Markets Momentum ETF stock for Q3 2025, up 27% quarter-over-quarter.
- 17 funds opened new Invesco Dorsey Wright Developed Markets Momentum ETF positions in Q3 2025 and 8 closed out, a net change of +9 holders.
- The largest Invesco Dorsey Wright Developed Markets Momentum ETF buyer in Q3 2025 was LPL Financial, an estimated $15.5M added.
- The largest Invesco Dorsey Wright Developed Markets Momentum ETF seller in Q3 2025 was Susquehanna International Group, an estimated $3.64M sold.
Based on aggregated 13F filings for Q3 2025.