AllianzIM Buffer20 Allocation ETF
SPBW
31 hedge funds and large institutions have $47.5M invested in AllianzIM Buffer20 Allocation ETF in 2026 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 16 increasing their positions, 6 reducing their positions, and 1 closing their positions.
500% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 1
167% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 6
15% more funds holding
Funds holding: 27 → 31 (+4)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
5% less capital invested
Capital invested by funds: $49.8M → $47.5M (-$2.32M)
21.16% less ownership
Funds ownership: 79.48% → 58.31% (-21%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$1.59M |
| 2 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$1.12M |
| 3 |
IFG
Independent Financial Group
San Diego,
California
|
+$800K |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$741K |
| 5 |
WIA
World Investment Advisors
Santa Barbara,
California
|
+$722K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWM
AE Wealth Management
Topeka,
Kansas
|
-$10M |
| 2 |
A
Allianz
Munich,
Germany
|
-$2.27M |
| 3 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$453K |
| 4 |
PFGIA
Patriot Financial Group Insurance Agency
Westborough,
Massachusetts
|
-$213K |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
-$23.8K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
MML Investors Services
Springfield,
Massachusetts
| $231K | -$23.8K | -841 | -9% |
|
|
PFGIA
27
Patriot Financial Group Insurance Agency
Westborough,
Massachusetts
| $216K | -$213K | -7,536 | -50% |
|
|
HI
28
Harbour Investments
Madison,
Wisconsin
| $142K | – | – | – |
|
|
LAS
29
Lloyd Advisory Services
Suwanee,
Georgia
| $99.3K | +$98K | +3,460 | New |
|
|
IA
30
IFP Advisors
Tampa,
Florida
| $74.5K | +$28 | +1 | +0% |
|
|
SPIA
31
Steward Partners Investment Advisory
New York
| $21K | +$20.7K | +732 | New |
|
|
KCM
32
Key Capital Management
Hendersonville, Tn 37075,
Tennessee
| $11.1K | +$3.65K | +129 | +50% |
|
33
UBS Group
Zurich,
Switzerland
| – | -$5.42K | -199 | Closed |
|
SPBW Hedge Fund Activity: Q2 2026 in Review
31 of the 8,153 institutional investors tracked by Wall St. Rank reported a position in AllianzIM Buffer20 Allocation ETF (SPBW) for Q2 2026, worth a combined $47.5M — down 4.7% from $49.8M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new SPBW positions and 1 closed out — a net gain of 5 holders — while 16 added to existing stakes and 6 trimmed.
The largest buyer was Kestra Advisory Services, adding an estimated $1.59M. The largest seller was AE Wealth Management, cutting an estimated $10M.
- 31 institutional investors held AllianzIM Buffer20 Allocation ETF (SPBW) as of Q2 2026, up from 27 in Q1 2026.
- Funds reported $47.5M of AllianzIM Buffer20 Allocation ETF stock for Q2 2026, down 4.7% quarter-over-quarter.
- 6 funds opened new AllianzIM Buffer20 Allocation ETF positions in Q2 2026 and 1 closed out, a net change of +5 holders.
- The largest AllianzIM Buffer20 Allocation ETF buyer in Q2 2026 was Kestra Advisory Services, an estimated $1.59M added.
- The largest AllianzIM Buffer20 Allocation ETF seller in Q2 2026 was AE Wealth Management, an estimated $10M sold.
Based on aggregated 13F filings for Q2 2026.