Invesco FTSE RAFI Developed Markets ex-US ETF
58 hedge funds and large institutions have $456M invested in Invesco FTSE RAFI Developed Markets ex-US ETF in 2016 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 20 increasing their positions, 24 reducing their positions, and 8 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
0.05% less ownership
Funds ownership: 70.02% → 69.97% (-0.05%)
5% less funds holding
Funds holding: 61 → 58 (-3)
14% less capital invested
Capital invested by funds: $532M → $456M (-$76.9M)
17% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 24
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
USAA
United Services Automobile Association
San Antonio,
Texas
|
+$19.6M |
| 2 |
FMWA
Forvis Mazars Wealth Advisors
Springfield,
Missouri
|
+$4.93M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$4.23M |
| 4 |
KL
Kinsight LLC
Birmingham,
Alabama
|
+$3.89M |
| 5 |
MFP
Mosaic Financial Partners
San Francisco,
California
|
+$2.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$61.6M |
| 2 |
CPO
Cerity Partners OCIO
New York
|
-$19.8M |
| 3 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
-$9.92M |
| 4 |
Goldman Sachs
New York
|
-$3.95M |
| 5 |
RC
RegentAtlantic Capital
Morristown,
New Jersey
|
-$3.42M |
PXF Hedge Fund Activity: Q1 2016 in Review
58 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Invesco FTSE RAFI Developed Markets ex-US ETF (PXF) for Q1 2016, worth a combined $456M — down 14% from $532M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of PXF and 5 opened new positions — a net loss of 3 holders — while 24 trimmed existing stakes and 20 added.
The largest buyer was United Services Automobile Association, adding an estimated $19.6M. The largest seller was Invesco, cutting an estimated $61.6M.
- 58 institutional investors held Invesco FTSE RAFI Developed Markets ex-US ETF (PXF) as of Q1 2016, down from 61 in Q4 2015.
- Funds reported $456M of Invesco FTSE RAFI Developed Markets ex-US ETF stock for Q1 2016, down 14% quarter-over-quarter.
- 5 funds opened new Invesco FTSE RAFI Developed Markets ex-US ETF positions in Q1 2016 and 8 closed out, a net change of -3 holders.
- The largest Invesco FTSE RAFI Developed Markets ex-US ETF buyer in Q1 2016 was United Services Automobile Association, an estimated $19.6M added.
- The largest Invesco FTSE RAFI Developed Markets ex-US ETF seller in Q1 2016 was Invesco, an estimated $61.6M sold.
Based on aggregated 13F filings for Q1 2016.