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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
RCA
76
Rowland Carmichael Advisors
Arizona
$45K – – –
CMBA
77
C.M. Bidwell & Associates
Hawaii
$42K +$671 +17 +2%
SF
78
Synovus Financial
Georgia
$19K +$237 +6 +1%
GWM
79
Geneos Wealth Management
Colorado
$19K +$19.7K +500 New
CFGS
80
Concourse Financial Group Securities
Alabama
$15K – – –
MA
81
MUFG Americas
New York
$14K – – –
TIM
82
Tortoise Investment Management
New York
$10K – – –
EI
83
Ellevest Inc
New York
$10K +$9.87K +250 New
WCG
84
Weaver Consulting Group
California
$9K – – –
PNC Financial Services Group
85
PNC Financial Services Group
Pennsylvania
$8K +$3.75K +95 +100%
GI
86
Gradient Investments
Minnesota
$7K +$6.91K +175 New
Carson Wealth (CWM LLC)
87
Carson Wealth (CWM LLC)
Nebraska
$5K – – –
FAAS
88
First Allied Advisory Services
California
$5K +$4.82K +122 New
Citigroup
89
Citigroup
New York
$4K -$6.63K -168 -65%
TWA
90
TCI Wealth Advisors
Arizona
$4K – – –
WT
91
Whittier Trust
California
$4K +$4.3K +109 New
HR
92
Howe & Rusling
New York
$4K +$4.42K +112 New
FHA
93
Flagship Harbor Advisors
Massachusetts
$3K -$1.18K -30 -23%
KWA
94
KCS Wealth Advisory
California
$2.46K +$2.45K +62 New
Toronto Dominion Bank
95
Toronto Dominion Bank
Ontario, Canada
$2K -$1.58K -40 -50%
EW
96
Evoke Wealth
California
$1.67K +$1.66K +42 New
GT
97
Glenmede Trust
Pennsylvania
$1.04K -$259K -6,563 -20%
SWP
98
Strategic Wealth Partners
Ohio
$7 +$4.78K +121 +157%
PI
99
PFS Investments
Georgia
– -$80.4M -1,967,497 Closed
USAA
100
United Services Automobile Association
Texas
– -$69.8M -1,718,270 Closed
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.