Invesco FTSE RAFI Developed Markets ex-US ETF
201 hedge funds and large institutions have $1.58B invested in Invesco FTSE RAFI Developed Markets ex-US ETF in 2025 Q2 according to their latest regulatory filings, with 29 funds opening new positions, 68 increasing their positions, 61 reducing their positions, and 19 closing their positions.
53% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 19
14% more capital invested
Capital invested by funds: $1.38B → $1.58B (+$199M)
11% more repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 61
3% more funds holding
Funds holding: 195 → 201 (+6)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.11% less ownership
Funds ownership: 77.79% → 77.68% (-0.11%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$13.8M |
| 2 |
Charles Schwab
San Francisco,
California
|
+$8.79M |
| 3 |
LPL Financial
San Diego,
California
|
+$7.43M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$7.08M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$6.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
-$4.79M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$3.71M |
| 3 |
FTUS
Flow Traders U.S.
New York
|
-$3.23M |
| 4 |
Corient Private Wealth
Miami,
Florida
|
-$3.15M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$1.86M |
PXF Hedge Fund Activity: Q2 2025 in Review
201 of the 7,613 institutional investors tracked by Wall St. Rank reported a position in Invesco FTSE RAFI Developed Markets ex-US ETF (PXF) for Q2 2025, worth a combined $1.58B — up 14% from $1.38B a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new PXF positions and 19 closed out — a net gain of 10 holders — while 68 added to existing stakes and 61 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $13.8M. The largest seller was Victory Capital Management, cutting an estimated $4.79M.
- 201 institutional investors held Invesco FTSE RAFI Developed Markets ex-US ETF (PXF) as of Q2 2025, up from 195 in Q1 2025.
- Funds reported $1.58B of Invesco FTSE RAFI Developed Markets ex-US ETF stock for Q2 2025, up 14% quarter-over-quarter.
- 29 funds opened new Invesco FTSE RAFI Developed Markets ex-US ETF positions in Q2 2025 and 19 closed out, a net change of +10 holders.
- The largest Invesco FTSE RAFI Developed Markets ex-US ETF buyer in Q2 2025 was Morgan Stanley, an estimated $13.8M added.
- The largest Invesco FTSE RAFI Developed Markets ex-US ETF seller in Q2 2025 was Victory Capital Management, an estimated $4.79M sold.
Based on aggregated 13F filings for Q2 2025.