Invesco Variable Rate Preferred ETF
274 hedge funds and large institutions have $1.28B invested in Invesco Variable Rate Preferred ETF in 2025 Q4 according to their latest regulatory filings, with 41 funds opening new positions, 95 increasing their positions, 84 reducing their positions, and 13 closing their positions.
215% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 13
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
13% more repeat investments, than reductions
Existing positions increased: 95 | Existing positions reduced: 84
10% more funds holding
Funds holding: 248 → 274 (+26)
3% more capital invested
Capital invested by funds: $1.24B → $1.28B (+$37.4M)
0.7% less ownership
Funds ownership: 55.69% → 55% (-0.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$18.9M |
| 2 |
SAMC
Spectrum Asset Management (Connecticut)
Stamford,
Connecticut
|
+$12.3M |
| 3 |
LPL Financial
San Diego,
California
|
+$9.82M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$8.85M |
| 5 |
PAS
Park Avenue Securities
New York
|
+$6.57M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$11.5M |
| 2 |
MGIA
Matthew Goff Investment Advisor
Houston,
Texas
|
-$10.5M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$6.3M |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$5.44M |
| 5 |
Renaissance Technologies
New York
|
-$5.23M |
VRP Hedge Fund Activity: Q4 2025 in Review
274 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Invesco Variable Rate Preferred ETF (VRP) for Q4 2025, worth a combined $1.28B — up 3% from $1.24B a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new VRP positions and 13 closed out — a net gain of 28 holders — while 95 added to existing stakes and 84 trimmed.
The largest buyer was Bank of America, adding an estimated $18.9M. The largest seller was Jane Street, exiting entirely with an estimated $11.5M sold.
- 274 institutional investors held Invesco Variable Rate Preferred ETF (VRP) as of Q4 2025, up from 248 in Q3 2025.
- Funds reported $1.28B of Invesco Variable Rate Preferred ETF stock for Q4 2025, up 3% quarter-over-quarter.
- 41 funds opened new Invesco Variable Rate Preferred ETF positions in Q4 2025 and 13 closed out, a net change of +28 holders.
- The largest Invesco Variable Rate Preferred ETF buyer in Q4 2025 was Bank of America, an estimated $18.9M added.
- The largest Invesco Variable Rate Preferred ETF seller in Q4 2025 was Jane Street, an estimated $11.5M sold.
Based on aggregated 13F filings for Q4 2025.