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Invesco Variable Rate Preferred ETF
VRP

247 hedge funds and large institutions have $1.24B invested in Invesco Variable Rate Preferred ETF in 2025 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 97 increasing their positions, 86 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

13% more repeat investments, than reductions

Existing positions increased: 97 | Existing positions reduced: 86

7% more capital invested

Capital invested by funds: $1.17B → $1.24B (+$77.4M)

1.59% less ownership

Funds ownership: 57.27% → 55.68% (-1.6%)

6% less funds holding

Funds holding: 262 → 247 (-15)

48% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 21

Holders
247
Holders Change
-15
Holders Change %
-5.73%
% of All Funds
3.24%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
11
Increased
97
Reduced
86
Closed
21
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MSWM
Mader & Shannon Wealth Management
Missouri
+$21.1M
2
Morgan Stanley
Morgan Stanley
New York
+$20.8M
3
JP Morgan Chase
JP Morgan Chase
New York
+$13.8M
4
Bank of America
Bank of America
North Carolina
+$12.2M
5
Jane Street
Jane Street
New York
+$11.4M

Top Sellers

Rank Fund Capital Flow
1
MIFH
Migdal Insurance & Financial Holdings
Israel
-$9.78M
2
SAMC
Spectrum Asset Management (Connecticut)
Connecticut
-$6.88M
3
SIA
SeaBridge Investment Advisors
New Jersey
-$6.34M
4
Stifel Financial
Stifel Financial
Missouri
-$3.82M
5
NMG
New Millennium Group
Utah
-$3.03M
Name Holding Trade Value Shares
Change 		Change in
Stake
FB
176
Finward Bancorp
Indiana
$250K -$11.1K -450 -4%
TCOO
177
Trust Company of Oklahoma
Oklahoma
$250K – – –
PAMG
178
Patton Albertson Miller Group
Tennessee
$246K -$24.6K -1,000 -9%
KeyBank National Association
179
KeyBank National Association
Ohio
$243K – – –
Neuberger Berman Group
180
Neuberger Berman Group
New York
$243K -$86.3K -3,511 -26%
Mariner
181
Mariner
Kansas
$237K -$147K -5,989 -38%
SWP
182
Stratos Wealth Partners
Ohio
$236K +$17K +690 +8%
Koshinski Asset Management
183
Koshinski Asset Management
Illinois
$233K – – –
DAS
184
Diversify Advisory Services
Utah
$229K +$8.36K +340 +4%
DI
185
Diligent Investors
California
$228K -$1.07M -43,373 -82%
CCM
186
Chilton Capital Management
Texas
$227K -$17.2K -700 -7%
IRAG
187
Investment Research & Advisory Group
Georgia
$226K +$3.05K +124 +1%
HA
188
Huntleigh Advisors
Missouri
$226K +$225K +9,144 New
ONST
189
Old North State Trust
North Carolina
$224K – – –
First Trust Advisors
190
First Trust Advisors
Illinois
$222K -$221K -9,000 -50%
QFW
191
QTR Family Wealth
Florida
$222K – – –
CB
192
Commerce Bank
Missouri
$219K – – –
PWM
193
Partners Wealth Management
California
$217K – – –
CA
194
Crumly & Associates
Illinois
$212K +$211K +8,576 New
RFN
195
Redwood Financial Network
Ohio
$201K -$46.5K -1,890 -19%
AP
196
Advisors Preferred
Maryland
$164K +$122K +4,946 +297%
William Blair & Company
197
William Blair & Company
Illinois
$160K – – –
BBHC
198
Brown Brothers Harriman & Co
New York
$149K – – –
OP
199
ORG Partners
Indiana
$146K – – –
HI
200
Harbour Investments
Wisconsin
$139K +$19.2K +780 +16%
6 7
8
9 10

VRP Hedge Fund Activity: Q3 2025 in Review

247 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Invesco Variable Rate Preferred ETF (VRP) for Q3 2025, worth a combined $1.24B — up 6.6% from $1.17B a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of VRP and 11 opened new positions — a net loss of 10 holders — while 86 trimmed existing stakes and 97 added.

The largest buyer was Mader & Shannon Wealth Management, opening a new position worth an estimated $21.1M. The largest seller was Migdal Insurance & Financial Holdings, exiting entirely with an estimated $9.78M sold.

  • 247 institutional investors held Invesco Variable Rate Preferred ETF (VRP) as of Q3 2025, down from 262 in Q2 2025.
  • Funds reported $1.24B of Invesco Variable Rate Preferred ETF stock for Q3 2025, up 6.6% quarter-over-quarter.
  • 11 funds opened new Invesco Variable Rate Preferred ETF positions in Q3 2025 and 21 closed out, a net change of -10 holders.
  • The largest Invesco Variable Rate Preferred ETF buyer in Q3 2025 was Mader & Shannon Wealth Management, an estimated $21.1M added.
  • The largest Invesco Variable Rate Preferred ETF seller in Q3 2025 was Migdal Insurance & Financial Holdings, an estimated $9.78M sold.

Based on aggregated 13F filings for Q3 2025.