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Invesco Dorsey Wright Developed Markets Momentum ETF
PIZ

95 hedge funds and large institutions have $400M invested in Invesco Dorsey Wright Developed Markets Momentum ETF in 2025 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 47 increasing their positions, 17 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

340% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 5

176% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 17

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

20% more capital invested

Capital invested by funds: $333M → $400M (+$67.6M)

20% more funds holding

Funds holding: 79 → 95 (+16)

2.83% more ownership

Funds ownership: 73.02% → 75.85% (+2.8%)

Holders
95
Holders Change
+16
Holders Change %
+20.25%
% of All Funds
1.16%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.04%
New
22
Increased
47
Reduced
17
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$8.78M
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$7.49M
3
LPL Financial
LPL Financial
California
+$6.73M
4
Citadel Advisors
Citadel Advisors
Florida
+$6.23M
5
Morgan Stanley
Morgan Stanley
New York
+$5.7M

Top Sellers

1
NC
NewSquare Capital
Pennsylvania
-$1.73M
2
FMP
Financial Management Professionals
Texas
-$1.6M
3
Jane Street
Jane Street
New York
-$642K
4
Wealth Enhancement Advisory Services
Wealth Enhancement Advisory Services
Minnesota
-$508K
5
MCM
Monument Capital Management
Virginia
-$332K
Name Holding Trade Value Shares
Change 		Change in
Stake
Wells Fargo
1
Wells Fargo
California
$98.1M +$2.91M +60,477 +3%
Morgan Stanley
2
Morgan Stanley
New York
$47.2M +$5.7M +118,538 +14%
LPL Financial
3
LPL Financial
California
$30.4M +$6.73M +139,939 +29%
Royal Bank of Canada
4
Royal Bank of Canada
Ontario, Canada
$28.3M +$8.78M +182,667 +46%
Wealth Enhancement Advisory Services
5
Wealth Enhancement Advisory Services
Minnesota
$27.1M -$508K -10,568 -2%
SL
6
Systelligence LLC
Minnesota
$18.1M +$445K +9,252 +3%
CFD
7
Creative Financial Designs
Indiana
$16.7M +$1.33M +27,734 +9%
UBS Group
8
UBS Group
Switzerland
$14.4M +$922K +19,183 +7%
Raymond James Financial
9
Raymond James Financial
Florida
$13M +$151K +3,149 +1%
AFS
10
Axiom Financial Strategies
Indiana
$11.4M -$141K -2,934 -1%
Envestnet Asset Management
11
Envestnet Asset Management
Illinois
$10.2M +$7.49M +155,883 +294%
Citadel Advisors
12
Citadel Advisors
Florida
$6.35M +$6.23M +129,634 New
DSCM
13
Del-Sette Capital Management
New York
$3.97M +$29.6K +616 +0.8%
Cetera Investment Advisers
14
Cetera Investment Advisers
Illinois
$3.64M +$2.02M +41,940 +129%
NC
15
NewSquare Capital
Pennsylvania
$3.15M -$1.73M -35,890 -36%
Stifel Financial
16
Stifel Financial
Missouri
$3.12M +$388K +8,062 +14%
Commonwealth Equity Services
17
Commonwealth Equity Services
Massachusetts
$3.06M +$153K +3,189 +5%
WWMP
18
Wagner Wealth Management (Pennsylvania)
Pennsylvania
$2.72M +$2.67M +55,450 New
EH
19
Equitable Holdings
New York
$2.66M +$111K +2,314 +4%
MML Investors Services
20
MML Investors Services
Massachusetts
$2.64M +$437K +9,100 +20%
Jones Financial Companies
21
Jones Financial Companies
Missouri
$2.23M +$1.27M +26,392 +138%
CPC
22
Consolidated Planning Corp
Georgia
$2.22M -$9.47K -197 -0.4%
Osaic Holdings
23
Osaic Holdings
Arizona
$2.14M +$273K +5,689 +15%
Cambridge Investment Research Advisors
24
Cambridge Investment Research Advisors
Iowa
$2.14M +$263K +5,474 +14%
NS
25
NBC Securities
Alabama
$2.07M -$5.53K -115 -0.3%
1
2 3 4 5

PIZ Hedge Fund Activity: Q4 2025 in Review

95 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Invesco Dorsey Wright Developed Markets Momentum ETF (PIZ) for Q4 2025, worth a combined $400M — up 20% from $333M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new PIZ positions and 5 closed out — a net gain of 17 holders — while 47 added to existing stakes and 17 trimmed.

The largest buyer was Royal Bank of Canada, adding an estimated $8.78M. The largest seller was NewSquare Capital, cutting an estimated $1.73M.

  • 95 institutional investors held Invesco Dorsey Wright Developed Markets Momentum ETF (PIZ) as of Q4 2025, up from 79 in Q3 2025.
  • Funds reported $400M of Invesco Dorsey Wright Developed Markets Momentum ETF stock for Q4 2025, up 20% quarter-over-quarter.
  • 22 funds opened new Invesco Dorsey Wright Developed Markets Momentum ETF positions in Q4 2025 and 5 closed out, a net change of +17 holders.
  • The largest Invesco Dorsey Wright Developed Markets Momentum ETF buyer in Q4 2025 was Royal Bank of Canada, an estimated $8.78M added.
  • The largest Invesco Dorsey Wright Developed Markets Momentum ETF seller in Q4 2025 was NewSquare Capital, an estimated $1.73M sold.

Based on aggregated 13F filings for Q4 2025.