Invesco FTSE RAFI Developed Markets ex-US ETF
235 hedge funds and large institutions have $1.77B invested in Invesco FTSE RAFI Developed Markets ex-US ETF in 2025 Q4 according to their latest regulatory filings, with 40 funds opening new positions, 73 increasing their positions, 65 reducing their positions, and 6 closing their positions.
567% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 6
15% more funds holding
Funds holding: 204 → 235 (+31)
12% more repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 65
8% more capital invested
Capital invested by funds: $1.64B → $1.77B (+$133M)
1.16% more ownership
Funds ownership: 76.4% → 77.56% (+1.2%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SA
Sanctuary Advisors
Indianapolis,
Indiana
|
+$35M |
| 2 |
Bank of New York Mellon
New York
|
+$23.6M |
| 3 |
National Bank of Canada
Montreal,
Quebec, Canada
|
+$12.4M |
| 4 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
+$8.42M |
| 5 |
JP Morgan Chase
New York
|
+$8.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Charles Schwab
San Francisco,
California
|
-$32.8M |
| 2 |
Corient Private Wealth
Miami,
Florida
|
-$25.6M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$13.4M |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
-$6.92M |
| 5 |
FTUS
Flow Traders U.S.
New York
|
-$5.28M |
PXF Hedge Fund Activity: Q4 2025 in Review
235 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Invesco FTSE RAFI Developed Markets ex-US ETF (PXF) for Q4 2025, worth a combined $1.77B — up 8.2% from $1.64B a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new PXF positions and 6 closed out — a net gain of 34 holders — while 73 added to existing stakes and 65 trimmed.
The largest buyer was Sanctuary Advisors, opening a new position worth an estimated $35M. The largest seller was Charles Schwab, cutting an estimated $32.8M.
- 235 institutional investors held Invesco FTSE RAFI Developed Markets ex-US ETF (PXF) as of Q4 2025, up from 204 in Q3 2025.
- Funds reported $1.77B of Invesco FTSE RAFI Developed Markets ex-US ETF stock for Q4 2025, up 8.2% quarter-over-quarter.
- 40 funds opened new Invesco FTSE RAFI Developed Markets ex-US ETF positions in Q4 2025 and 6 closed out, a net change of +34 holders.
- The largest Invesco FTSE RAFI Developed Markets ex-US ETF buyer in Q4 2025 was Sanctuary Advisors, an estimated $35M added.
- The largest Invesco FTSE RAFI Developed Markets ex-US ETF seller in Q4 2025 was Charles Schwab, an estimated $32.8M sold.
Based on aggregated 13F filings for Q4 2025.