Invesco S&P SmallCap Quality ETF
XSHQ
75 hedge funds and large institutions have $184M invested in Invesco S&P SmallCap Quality ETF in 2025 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 33 increasing their positions, 21 reducing their positions, and 10 closing their positions.
57% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 21
10% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 10
1% less funds holding
Funds holding: 76 → 75 (-1)
4.09% less ownership
Funds ownership: 69.21% → 65.12% (-4.1%)
18% less capital invested
Capital invested by funds: $224M → $184M (-$39.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ERFOTCOFW
Employees Retirement Fund of the City of Fort Worth
Fort Worth,
Texas
|
+$2.56M |
| 2 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$1.9M |
| 3 |
PAG
Private Advisory Group
Redmond,
Washington
|
+$1.78M |
| 4 |
LFG
Larson Financial Group
St Louis,
Missouri
|
+$1.05M |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
+$854K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NYLIM
New York Life Investment Management
New York
|
-$25.3M |
| 2 |
APCM
Alaska Permanent Capital Management
Anchorage,
Alaska
|
-$14.9M |
| 3 |
SGDR
SPX Gestao de Recursos
Rio De Janeiro,
Brazil
|
-$7.7M |
| 4 |
Morgan Stanley
New York
|
-$5.68M |
| 5 |
FTUS
Flow Traders U.S.
New York
|
-$3.02M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NYLIM
76
New York Life Investment Management
New York
| – | -$25.3M | -620,881 | Closed |
|
|
SGDR
77
SPX Gestao de Recursos
Rio De Janeiro,
Brazil
| – | -$7.7M | -189,080 | Closed |
|
|
PWM
78
Perigon Wealth Management
San Francisco,
California
| – | -$2.39M | -58,586 | Closed |
|
79
Goldman Sachs
New York
| – | -$553K | -13,569 | Closed |
|
|
SWM
80
Schwallier Wealth Management
Grand Rapids,
Michigan
| – | -$509K | -12,499 | Closed |
|
81
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
| – | -$447K | -10,970 | Closed |
|
|
FAIM
82
Financial Advocates Investment Management
Olympia,
Washington
| – | -$368K | -9,032 | Closed |
|
83
Citadel Advisors
Miami,
Florida
| – | -$346K | -8,498 | Closed |
|
84
MML Investors Services
Springfield,
Massachusetts
| – | -$231K | -5,673 | Closed |
|
85
Comerica Bank
Dallas,
Texas
| – | -$28.8K | -707 | Closed |
|
XSHQ Hedge Fund Activity: Q3 2025 in Review
75 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Invesco S&P SmallCap Quality ETF (XSHQ) for Q3 2025, worth a combined $184M — down 18% from $224M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new XSHQ positions and 10 closed out — a net gain of 1 holder — while 33 added to existing stakes and 21 trimmed.
The largest buyer was Employees Retirement Fund of the City of Fort Worth, adding an estimated $2.56M. The largest seller was New York Life Investment Management, exiting entirely with an estimated $25.3M sold.
- 75 institutional investors held Invesco S&P SmallCap Quality ETF (XSHQ) as of Q3 2025, down from 76 in Q2 2025.
- Funds reported $184M of Invesco S&P SmallCap Quality ETF stock for Q3 2025, down 18% quarter-over-quarter.
- 11 funds opened new Invesco S&P SmallCap Quality ETF positions in Q3 2025 and 10 closed out, a net change of +1 holder.
- The largest Invesco S&P SmallCap Quality ETF buyer in Q3 2025 was Employees Retirement Fund of the City of Fort Worth, an estimated $2.56M added.
- The largest Invesco S&P SmallCap Quality ETF seller in Q3 2025 was New York Life Investment Management, an estimated $25.3M sold.
Based on aggregated 13F filings for Q3 2025.