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Invesco Solar ETF
TAN

183 hedge funds and large institutions have $207M invested in Invesco Solar ETF in 2025 Q3 according to their latest regulatory filings, with 33 funds opening new positions, 40 increasing their positions, 41 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 24

23% more capital invested

Capital invested by funds: $168M → $207M (+$38.8M)

3% more funds holding

Funds holding: 178 → 183 (+5)

0.78% less ownership

Funds ownership: 27.81% → 27.02% (-0.78%)

2% less repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 41

59% less call options, than puts

Call options by funds: $39.7M | Put options by funds: $97.3M

Holders
183
Holders Change
+5
Holders Change %
+2.81%
% of All Funds
2.4%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
33
Increased
40
Reduced
41
Closed
24
Calls
$39.7M
Puts
$97.3M
Net Calls
-$57.6M
Net Calls Change
-$11.3M

Top Buyers

Rank Fund Capital Flow
1
Citigroup
Citigroup
New York
+$31.1M
2
TF
Trek Financial
Arizona
+$14.8M
3
Millennium Management
Millennium Management
New York
+$13.6M
4
FCC
Florin Court Capital
United Kingdom
+$4.7M
5
Morgan Stanley
Morgan Stanley
New York
+$4.3M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$22.8M
2
UBS Group
UBS Group
Switzerland
-$14.2M
3
CI
Clal Insurance
Israel
-$12.4M
4
LP
LMR Partners
United Kingdom
-$7.18M
5
Verition Fund Management
Verition Fund Management
Connecticut
-$7.02M
Name Holding Trade Value Shares
Change 		Change in
Stake
Citigroup
1
Citigroup
New York
$38.7M +$31.1M +779,301 +719%
Morgan Stanley
2
Morgan Stanley
New York
$20.1M +$4.3M +107,615 +31%
TF
3
Trek Financial
Arizona
$16.2M +$14.8M +370,842 New
Millennium Management
4
Millennium Management
New York
$14.9M +$13.6M +341,536 New
Bank of America
5
Bank of America
North Carolina
$13.3M -$499K -12,490 -4%
LPL Financial
6
LPL Financial
California
$9.61M +$2.24M +55,941 +34%
Goldman Sachs
7
Goldman Sachs
New York
$5.95M -$103K -2,567 -2%
UBS Group
8
UBS Group
Switzerland
$5.9M -$14.2M -356,507 -73%
D.E. Shaw & Co
9
D.E. Shaw & Co
New York
$5.82M -$512K -12,802 -9%
FCC
10
Florin Court Capital
United Kingdom
$5.14M +$4.7M +117,700 New
Wells Fargo
11
Wells Fargo
California
$4.07M +$1.4M +35,075 +60%
Tudor Investment Corp
12
Tudor Investment Corp
Connecticut
$3.93M +$54.1K +1,354 +2%
Osaic Holdings
13
Osaic Holdings
Arizona
$3.78M +$2.68M +67,065 +329%
BSG
14
Black Swift Group
Colorado
$3.66M +$3.35M +83,820 New
CM
15
Caption Management
Oklahoma
$2.66M +$476K +11,919 +24%
Susquehanna International Group
16
Susquehanna International Group
Pennsylvania
$2.58M +$228K +5,699 +11%
JP Morgan Chase
17
JP Morgan Chase
New York
$2.56M -$2.97M -74,211 -56%
Royal Bank of Canada
18
Royal Bank of Canada
Ontario, Canada
$2.42M -$413K -10,325 -16%
PNC Financial Services Group
19
PNC Financial Services Group
Pennsylvania
$2.4M +$84K +2,101 +4%
National Bank of Canada
20
National Bank of Canada
Quebec, Canada
$2.07M +$1.41M +35,392 +293%
PI
21
PFG Investments
New York
$1.93M +$1.8K +45 +0.1%
Cambridge Investment Research Advisors
22
Cambridge Investment Research Advisors
Iowa
$1.89M +$596K +14,924 +52%
Commonwealth Equity Services
23
Commonwealth Equity Services
Massachusetts
$1.88M +$911K +22,802 +112%
BNP Paribas Financial Markets
24
BNP Paribas Financial Markets
France
$1.61M -$1.04M -26,119 -41%
PIMG
25
Patriot Investment Management Group
Tennessee
$1.6M – – –
1
2 3 4 5

TAN Hedge Fund Activity: Q3 2025 in Review

183 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Invesco Solar ETF (TAN) for Q3 2025, worth a combined $207M — up 23% from $168M a quarter earlier.

Buyers outnumbered sellers: 33 funds opened new TAN positions and 24 closed out — a net gain of 9 holders — while 40 added to existing stakes and 41 trimmed.

The largest buyer was Citigroup, adding an estimated $31.1M. The largest seller was Jane Street, exiting entirely with an estimated $22.8M sold.

  • 183 institutional investors held Invesco Solar ETF (TAN) as of Q3 2025, up from 178 in Q2 2025.
  • Funds reported $207M of Invesco Solar ETF stock for Q3 2025, up 23% quarter-over-quarter.
  • 33 funds opened new Invesco Solar ETF positions in Q3 2025 and 24 closed out, a net change of +9 holders.
  • The largest Invesco Solar ETF buyer in Q3 2025 was Citigroup, an estimated $31.1M added.
  • The largest Invesco Solar ETF seller in Q3 2025 was Jane Street, an estimated $22.8M sold.

Based on aggregated 13F filings for Q3 2025.