INVESCO EXCH TRADED FD TR II (SPHD): Hedge Fund Ownership & Smart Money Signals (Q4 2025)

INVESCO EXCH TRADED FD TR II (SPHD)

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

Smart Money Signals — SPHD

Based on 317 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds added SPHD 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 (97% of max)

97% of all-time peak

317 hedge funds hold SPHD 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.

〰️

Stable — ownership unchanged year-over-year

fund count last 6Q

The number of hedge funds holding SPHD is almost the same as a year ago (-10 funds, -3% change). No significant rush to buy or sell — institutional backing is holding steady.

🟡

Slight buying edge — 55% buying

156 buying130 selling

Last quarter: 156 funds bought or added vs 130 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

📈

More new buyers each quarter (+16 vs last Q)

new funds entering per quarter

Funds opening a new SPHD position: 35 → 27 → 30 → 46. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

🔒

68% of holders stayed for 2+ years

■ 68% conviction (2yr+) ■ 18% medium ■ 14% new

216 out of 317 hedge funds have held SPHD 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.

📈

Growing discovery — still being found

47 → 35 → 27 → 30 → 46 new funds/Q

New funds entering each quarter: 35 → 27 → 30 → 46. A growing number of institutions are discovering SPHD each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.

🏛️

Deep conviction — 69% of holders stayed 2+ years

■ 69% veterans ■ 13% 1-2yr ■ 18% new

Of 321 current holders: 223 (69%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.

🏆

Elite ownership — 49% AUM from top-100 funds

49% from top-100 AUM funds

18 of 317 holders are among the 100 largest funds by AUM, controlling 49% of total institutional value in SPHD. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

3.2

out of 10

Low Exit Risk

Exit risk score 3.2/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

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.

Metric	All 13F Filers (2025 Q4)	Prior (2025 Q3)	Change
Funds Holding	321	307	4.56%
13F Shares	21M	21M	1.3%
Total Value	$991M	$1.02B	-2.83%
New Positions	46	30	+16
Increased Positions	118	108	+10
Closed Positions	32	39	-7
Reduced Positions	102	114	-12
Total Calls	3	3	-
Total Puts	2	1	100.0%
PUT/CALL Ratio	0.67	0.33	Bullish

Metric

All 13F Filers (2025 Q4)

Prior (2025 Q3)

Change

Funds Holding

321

307

4.56%

13F Shares

21M

1.3%

Total Value

$991M

$1.02B

-2.83%

New Positions

+16

Increased Positions

118

108

+10

Closed Positions

-7

Reduced Positions

102

114

-12

Total Calls

Total Puts

100.0%

PUT/CALL Ratio

0.67

0.33

Bullish

Institutional Holders (2026 Q1)

321 + investors

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

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 institutional holders of SPHD — 2025 Q4 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Fortune Financial Group, Inc.	6.23%	139,568	$6.9M
2	Advocate Investing Services LLC	3.72%	88,457	$4.4M
3	FINANCIAL DISCOVERY GROUP INC	2.65%	22,839	$1.1M
4	Stonebridge Wealth Management, LLC	2.35%	49,481	$2.5M
5	WJ Financial Advisors LLC	2.03%	50,758	$2.5M
6	Lynx Investment Advisory	1.65%	69,783	$3.5M
7	Chris Bulman Inc	1.59%	73,280	$3.6M
8	Portland Financial Advisors Inc	1.50%	14,527	$721K
9	Pinnacle Wealth Management Group, Inc.	1.47%	60,234	$3.0M
10	Winter & Associates, Inc.	1.38%	31,630	$1.6M
11	Leelyn Smith, LLC	1.23%	176,553	$8.8M
12	Brookstone Capital Management	1.20%	2,113,628	$104.9M
13	Fortis Group Advisors, LLC	1.07%	128,373	$6.5M
14	David Kennon Inc	1.03%	57,817	$2.9M
15	XML Financial, LLC	0.90%	224,691	$11.1M
16	Avidian Wealth Enterprises, LLC	0.74%	468,957	$23.3M
17	GREENBERG FINANCIAL GROUP	0.73%	35,618	$1.8M
18	Northside Capital Management, LLC	0.58%	132,885	$6.6M
19	Colonial River Investments, LLC	0.57%	32,283	$1.6M
20	Code Waechter LLC	0.54%	18,361	$911K
21	Sage Capital Management, LLC	0.46%	19,590	$972K
22	Curran Financial Partners, LLC	0.45%	50,801	$2.5M
23	Park Edge Advisors, LLC	0.41%	35,786	$1.8M
24	RDA Financial Network	0.33%	26,872	$1.3M
25	Tyche Wealth Partners LLC	0.32%	41,867	$2.1M

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 (SPHD)

What does the Smart Money Trend signal show for SPHD?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added SPHD 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 SPHD?

Slight buying edge — 55% buying: Last quarter: 156 funds bought or added vs 130 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for SPHD holders?

Elite ownership — 49% AUM from top-100 funds: 18 of 317 holders are among the 100 largest funds by AUM, controlling 49% of total institutional value in SPHD. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held SPHD?

68% of holders stayed for 2+ years: 216 out of 317 hedge funds have held SPHD 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.

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INVESCO EXCH TRADED FD TR II (SPHD)

Smart Money Signals — SPHD

Buying streak — 1 quarter in a row

At the ownership peak (97% of max)

Stable — ownership unchanged year-over-year

Slight buying edge — 55% buying

More new buyers each quarter (+16 vs last Q)

68% of holders stayed for 2+ years

Growing discovery — still being found

Deep conviction — 69% of holders stayed 2+ years

Elite ownership — 49% AUM from top-100 funds

Hedge Fund Ownership: SPHD

Market Analysis: SPHD

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: SPHD

Hedge Fund Positioning: SPHD

Statistics: SPHD

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — INVESCO EXCH TRADED FD TR II (SPHD)

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