Invesco S&P 500 High Beta ETF
SPHB
132 hedge funds and large institutions have $399M invested in Invesco S&P 500 High Beta ETF in 2025 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 31 increasing their positions, 37 reducing their positions, and 14 closing their positions.
121% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 14
13% more funds holding
Funds holding: 117 → 132 (+15)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
2% less capital invested
Capital invested by funds: $407M → $399M (-$8.16M)
13.91% less ownership
Funds ownership: 83.16% → 69.25% (-14%)
16% less repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 37
81% less call options, than puts
Call options by funds: $351K | Put options by funds: $1.87M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$18.7M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$18.6M |
| 3 |
FGA
Fortis Group Advisors
Westwood,
New Jersey
|
+$3.96M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$3.36M |
| 5 |
MCC
Money Concepts Capital
Palm Beach Gardens,
Florida
|
+$3.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$30.8M |
| 2 |
Morgan Stanley
New York
|
-$22.3M |
| 3 |
Goldman Sachs
New York
|
-$21.9M |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
-$6.85M |
| 5 |
HH
Hilltop Holdings
Dallas,
Texas
|
-$5.61M |
SPHB Hedge Fund Activity: Q4 2025 in Review
132 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Invesco S&P 500 High Beta ETF (SPHB) for Q4 2025, worth a combined $399M — down 2% from $407M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new SPHB positions and 14 closed out — a net gain of 17 holders — while 31 added to existing stakes and 37 trimmed.
The largest buyer was Wells Fargo, adding an estimated $18.7M. The largest seller was Cambridge Investment Research Advisors, cutting an estimated $30.8M.
- 132 institutional investors held Invesco S&P 500 High Beta ETF (SPHB) as of Q4 2025, up from 117 in Q3 2025.
- Funds reported $399M of Invesco S&P 500 High Beta ETF stock for Q4 2025, down 2% quarter-over-quarter.
- 31 funds opened new Invesco S&P 500 High Beta ETF positions in Q4 2025 and 14 closed out, a net change of +17 holders.
- The largest Invesco S&P 500 High Beta ETF buyer in Q4 2025 was Wells Fargo, an estimated $18.7M added.
- The largest Invesco S&P 500 High Beta ETF seller in Q4 2025 was Cambridge Investment Research Advisors, an estimated $30.8M sold.
Based on aggregated 13F filings for Q4 2025.