Invesco FTSE RAFI Developed Markets ex-US ETF
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$53.4M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$13.4M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$5.72M |
| 4 |
Jane Street
New York
|
+$5.23M |
| 5 |
US Bancorp
Minneapolis,
Minnesota
|
+$4.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PI
PFS Investments
Duluth,
Georgia
|
-$80.4M |
| 2 |
USAA
United Services Automobile Association
San Antonio,
Texas
|
-$69.8M |
| 3 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
-$22.4M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$2.5M |
| 5 |
RC
RegentAtlantic Capital
Morristown,
New Jersey
|
-$2.45M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Bank of New York Mellon
New York
| – | -$1.89M | -46,570 | Closed |
|
|
BIA
102
BHK Investment Advisors
Birmingham,
Alabama
| – | -$298K | -7,342 | Closed |
|
103
MML Investors Services
Springfield,
Massachusetts
| – | -$293K | -7,212 | Closed |
|
|
OIA
104
OneDigital Investment Advisors
Overland Park,
Kansas
| – | -$65K | -1,589 | Closed |
|
105
JP Morgan Chase
New York
| – | -$62K | -1,539 | Closed |
|
|
VCM
106
Versant Capital Management
Phoenix,
Arizona
| – | -$47.9K | -1,213 | -99% |
|
|
RCAG
107
Rehmann Capital Advisory Group
Lansing,
Michigan
| – | -$14.2K | -350 | Closed |
|
|
ESB
108
Essex Savings Bank
Essex,
Connecticut
| – | -$10K | -250 | Closed |
|
|
SBL
109
Sargent Bickham Lagudis
Boulder,
Colorado
| – | -$5K | -121 | Closed |
|
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.