Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Invesco Exch Traded Fd Tr II (PICB)

70 + Investors. Track Smart Money conviction in PICB. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +6
Streak
7Q ▲
Buyers last Q
71%

Smart Money Signals — PICB

Based on 70 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 7 quarters in a row

last 6Q
For 7 consecutive quarters, more hedge funds added PICB than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
70 hedge funds hold PICB right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +37% more funds vs a year ago

fund count last 6Q
+19 new funds entered over the past year (+37% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟢

More buyers than sellers — 71% buying

45 buying18 selling
Last quarter: 45 funds were net buyers (11 opened a brand new position + 34 added to an existing one). Only 18 were sellers (13 trimmed + 5 sold completely). A clear majority buying is a strong confirmation signal.
➡️

Steady new buyers — ~11 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 10 → 6 → 14 → 11. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

47% of holders stayed for 2+ years

■ 47% conviction (2yr+) ■ 31% medium ■ 21% new
33 out of 70 hedge funds have held PICB for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💰

Value +34% but shares only +18% — price-driven

Value
+34%
Shares
+17%
Last quarter: the total dollar value of institutional holdings rose +34%, but actual share count only changed +18%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
📈

Growing discovery — still being found

19 → 10 → 6 → 14 → 11 new funds/Q
New funds entering each quarter: 10 → 6 → 14 → 11. A growing number of institutions are discovering PICB each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 57% veterans vs 39% newcomers

■ 57% veterans ■ 4% 1-2yr ■ 39% new
Entry-cohort mix of 70 holders: 40 (57%) are 2+ year veterans, 3 entered 1–2 years ago, and 27 (39%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 32% AUM from major funds

32% from top-100 AUM funds
14 of 70 holders rank in the top 100 by AUM, accounting for 32% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.0
out of 10
Moderate Exit Risk
Exit risk score 4.0/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — PICB

In 2026 Q2, 45 hedge funds were net buyers of PICB (11 opened a new position, 34 added to an existing one), while 18 reduced or exited (13 trimmed, 5 sold completely) — a 71% buyer ratio, indicating clear institutional accumulation. This marks 7 consecutive quarters of net institutional buying — a persistent conviction signal. 32% of total institutional value in PICB is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +6 funds (more new holders than closures). Total institutional holders: 70.

Hedge Fund Ownership: PICB

How many hedge funds hold PICB — quarterly history vs. share price
Quarterly hedge fund ownership of PICB vs. share price

Market Analysis: PICB

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PICB

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Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

1 top-rated funds 3 high-conviction
Consensus
1.3
/ 10
breadth
×
Elite
2.2
/ 10
conviction
Hedge Fund Positioning: PICB
70 + Investors

Track Smart Money conviction in PICB. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 70 64 9.38%
13F Shares 12M 11M 17.66%
Total Value $324M $242M 34.13%
New Positions 11 14 -3
Increased Positions 34 35 -1
Closed Positions 5 6 -1
Reduced Positions 13 9 +4
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: PICB

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Institutional Holders (2026 Q2)

70 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in PICB. Verified SEC 13F-HR filings.

QUARTER:
Top 25 PICB holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Dunhill Financial, LLC 10.52% 2,221,653 $51.4M
2 Tanager Wealth Management LLP 9.07% 4,499,641 $104.2M
3 Urban Financial Advisory Corp 2.40% 375,756 $8.7M
4 Bristlecone Value Partners, LLC 1.88% 100,865 $2.3M
5 1 North Wealth Services LLC 1.19% 156,512 $3.6M
6 Checchi Capital Advisers, LLC 0.87% 834,395 $19.3M
7 Climber Capital SA 0.85% 60,195 $1.4M
8 Walkner Condon Financial Advisors LLC 0.78% 294,945 $6.8M
9 VERITY Wealth Advisors 0.50% 35,790 $829K
10 Chapman Financial Group, LLC 0.43% 28,096 $651K
11 Millington Financial Advisors, LLC 0.30% 33,186 $767K
12 17 Capital Partners, LLC 0.27% 25,631 $594K
13 Fortis Group Advisors, LLC 0.15% 40,907 $947K
14 Grey Fox Wealth Advisors, LLC 0.13% 35,847 $830K
15 Pacifica Partners Inc. 0.12% 17,315 $401K
16 Addison Advisors LLC 0.10% 8,895 $206K
17 Manufacturers Life Insurance Company, the 0.05% 1,247,916 $66.4M
18 Factor Wealth Management LTD 0.04% 11,548 $267K
19 Insight Wealth Strategies, LLC 0.04% 17,487 $404K
20 First United Bank & Trust 0.03% 4,559 $106K
21 Cape Investment Advisory, Inc. 0.03% 4,088 $95K
22 Ausdal Financial Partners, Inc. 0.01% 15,468 $358K
23 Fifth Third Securities, INC. 0.01% 9,643 $223K
24 Johnson Investment Counsel Inc 0.01% 65,819 $1.5M
25 Guggenheim Capital LLC 0.01% 69,729 $1.6M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Invesco Exch Traded Fd Tr II (PICB)

What does the Smart Money Trend signal show for PICB?

Buying streak — 7 quarters in a row: For 7 consecutive quarters, more hedge funds added PICB than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for PICB?

More buyers than sellers — 71% buying: Last quarter: 45 funds were net buyers (11 opened a brand new position + 34 added to an existing one). Only 18 were sellers (13 trimmed + 5 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for PICB holders?

Strong quality — 32% AUM from major funds: 14 of 70 holders rank in the top 100 by AUM, accounting for 32% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held PICB?

47% of holders stayed for 2+ years: 33 out of 70 hedge funds have held PICB for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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