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Invesco FTSE RAFI Developed Markets ex-US ETF
PXF

99 hedge funds and large institutions have $800M invested in Invesco FTSE RAFI Developed Markets ex-US ETF in 2019 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 28 increasing their positions, 38 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

45% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 11

5% more funds holding

Funds holding: 94 → 99 (+5)

1.47% less ownership

Funds ownership: 67.96% → 66.49% (-1.5%)

11% less capital invested

Capital invested by funds: $897M → $800M (-$96.3M)

26% less repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 38

40% less funds holding in top 10

Funds holding in top 10: 5 → 3 (-2)

Holders
99
Holders Change
+5
Holders Change %
+5.32%
% of All Funds
2.17%
Holding in Top 10
3
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-40%
% of All Funds
0.07%
New
16
Increased
28
Reduced
38
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Victory Capital Management
Victory Capital Management
Texas
+$53.4M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$13.4M
3
UBS Group
UBS Group
Switzerland
+$5.72M
4
Jane Street
Jane Street
New York
+$5.23M
5
US Bancorp
US Bancorp
Minnesota
+$4.7M

Top Sellers

Rank Fund Capital Flow
1
PI
PFS Investments
Georgia
-$80.4M
2
USAA
United Services Automobile Association
Texas
-$69.8M
3
CSIA
Charles Schwab Investment Advisory
California
-$22.4M
4
Ameriprise
Ameriprise
Minnesota
-$2.5M
5
RC
RegentAtlantic Capital
New Jersey
-$2.45M
Name Holding Trade Value Shares
Change 		Change in
Stake
MWM
51
MorganRosel Wealth Management
Colorado
$434K -$40.5K -1,025 -9%
CAM
52
Concorde Asset Management
Michigan
$324K +$6.67K +169 +2%
HFA
53
HC Financial Advisors
California
$321K +$319K +8,088 New
UCFA
54
United Capital Financial Advisors
Texas
$320K -$3.4K -86 -1%
Cerity Partners
55
Cerity Partners
New York
$312K – – –
Commonwealth Equity Services
56
Commonwealth Equity Services
Massachusetts
$309K -$101K -2,565 -25%
RJA
57
Raymond James & Associates
Florida
$289K -$223K -5,646 -44%
PMFA
58
Plante Moran Financial Advisors
Michigan
$289K +$288K +7,287 New
FDCDDQ
59
Federation des caisses Desjardins du Quebec
Quebec, Canada
$279K -$34.2K -865 -11%
BlackRock
60
BlackRock
New York
$271K +$3.59K +91 +1%
TWA
61
Tillar-Wenstrup Advisors
Ohio
$253K -$321K -8,139 -56%
Comerica Bank
62
Comerica Bank
Texas
$247K +$238K +6,016 New
KA
63
Klingman & Associates
New York
$229K – – –
BA
64
Boston Advisors
Massachusetts
$224K -$39.5K -1,000 -15%
CIBC World Market
65
CIBC World Market
Ontario, Canada
$215K +$214K +5,417 New
BWP
66
Baldwin Wealth Partners
Massachusetts
$182K -$182K -4,598 -50%
FCA
67
FinTrust Capital Advisors
South Carolina
$159K – – –
Fidelity Investments
68
Fidelity Investments
Massachusetts
$157K -$26.8K -679 -15%
Northwestern Mutual Wealth Management
69
Northwestern Mutual Wealth Management
Wisconsin
$149K – – –
CCM
70
Covington Capital Management
California
$100K – – –
LTFS
71
Ladenburg Thalmann Financial Services
Florida
$97K -$3.28K -83 -3%
MAM
72
Marquette Asset Management
Minnesota
$97K – – –
Fifth Third Bancorp
73
Fifth Third Bancorp
Ohio
$79K -$214K -5,425 -73%
CA
74
Crewe Advisors
Utah
$69K – – –
SIAS
75
Shine Investment Advisory Services
Colorado
$49K – – –
1 2
3
4 5

PXF Hedge Fund Activity: Q3 2019 in Review

99 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Invesco FTSE RAFI Developed Markets ex-US ETF (PXF) for Q3 2019, worth a combined $800M — down 11% from $897M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new PXF positions and 11 closed out — a net gain of 5 holders — while 28 added to existing stakes and 38 trimmed.

The largest buyer was Victory Capital Management, opening a new position worth an estimated $53.4M. The largest seller was PFS Investments, exiting entirely with an estimated $80.4M sold.

  • 99 institutional investors held Invesco FTSE RAFI Developed Markets ex-US ETF (PXF) as of Q3 2019, up from 94 in Q2 2019.
  • Funds reported $800M of Invesco FTSE RAFI Developed Markets ex-US ETF stock for Q3 2019, down 11% quarter-over-quarter.
  • 16 funds opened new Invesco FTSE RAFI Developed Markets ex-US ETF positions in Q3 2019 and 11 closed out, a net change of +5 holders.
  • The largest Invesco FTSE RAFI Developed Markets ex-US ETF buyer in Q3 2019 was Victory Capital Management, an estimated $53.4M added.
  • The largest Invesco FTSE RAFI Developed Markets ex-US ETF seller in Q3 2019 was PFS Investments, an estimated $80.4M sold.

Based on aggregated 13F filings for Q3 2019.