Invesco S&P 500 High Beta ETF
SPHB
109 hedge funds and large institutions have $284M invested in Invesco S&P 500 High Beta ETF in 2025 Q2 according to their latest regulatory filings, with 19 funds opening new positions, 18 increasing their positions, 46 reducing their positions, and 20 closing their positions.
10% more capital invested
Capital invested by funds: $258M → $284M (+$26.2M)
1% less funds holding
Funds holding: 110 → 109 (-1)
5% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 20
2.61% less ownership
Funds ownership: 76.37% → 73.76% (-2.6%)
61% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 46
77% less call options, than puts
Call options by funds: $1.98M | Put options by funds: $8.47M
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$20.1M |
| 2 |
A
Allianz
Munich,
Germany
|
+$18.9M |
| 3 |
Goldman Sachs
New York
|
+$8.78M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$6.57M |
| 5 |
CFS
Commonwealth Financial Services
Vienna,
West Virginia
|
+$3.88M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$35.7M |
| 2 |
LPL Financial
San Diego,
California
|
-$15.9M |
| 3 |
VAS
Vestmark Advisory Solutions
Wakefield,
Massachusetts
|
-$7.44M |
| 4 |
GS
GTS Securities
New York
|
-$5.09M |
| 5 |
CG
Cynosure Group
Salt Lake City,
Utah
|
-$4.97M |
SPHB Hedge Fund Activity: Q2 2025 in Review
109 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Invesco S&P 500 High Beta ETF (SPHB) for Q2 2025, worth a combined $284M — up 10% from $258M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of SPHB and 19 opened new positions — a net loss of 1 holder — while 46 trimmed existing stakes and 18 added.
The largest buyer was Cambridge Investment Research Advisors, adding an estimated $20.1M. The largest seller was Bank of America, cutting an estimated $35.7M.
- 109 institutional investors held Invesco S&P 500 High Beta ETF (SPHB) as of Q2 2025, down from 110 in Q1 2025.
- Funds reported $284M of Invesco S&P 500 High Beta ETF stock for Q2 2025, up 10% quarter-over-quarter.
- 19 funds opened new Invesco S&P 500 High Beta ETF positions in Q2 2025 and 20 closed out, a net change of -1 holder.
- The largest Invesco S&P 500 High Beta ETF buyer in Q2 2025 was Cambridge Investment Research Advisors, an estimated $20.1M added.
- The largest Invesco S&P 500 High Beta ETF seller in Q2 2025 was Bank of America, an estimated $35.7M sold.
Based on aggregated 13F filings for Q2 2025.