Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

INVESCO BULLETSHARES 2035 MUNICIPAL BOND ETF (BSMZ)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +20
Streak
1Q ▲
Buyers last Q
100%

Smart Money Signals — BSMZ

Based on 21 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 1Q
For 1 consecutive quarter, more hedge funds added BSMZ 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
21 hedge funds hold BSMZ right now — the highest count in 0.5 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.
🟢

More buyers than sellers — 100% buying

21 buying0 selling
Last quarter: 21 funds were net buyers (20 opened a brand new position + 1 added to an existing one). Only 0 were sellers (0 trimmed + 0 sold completely). A clear majority buying is a strong confirmation signal.
🔄

Mostly new holders — 100% entered in last year

■ 0% conviction (2yr+) ■ 0% medium ■ 100% new
Only 0 funds (0%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
💰

Value +1292% but shares only +1276% — price-driven

Value
+1292%
Shares
+1275%
Last quarter: the total dollar value of institutional holdings rose +1292%, but actual share count only changed +1276%. 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.
🌱

Early stage — 100% of holders entered in last year

■ 0% veterans ■ 0% 1-2yr ■ 100% new
Of 21 current holders: 21 (100%) entered in the past year, only 0 (0%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.
✅

Strong quality — 24% AUM from major funds

24% from top-100 AUM funds
4 of 21 holders rank in the top 100 by AUM, accounting for 24% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
5.5
out of 10
Moderate Exit Risk
Exit risk score 5.5/10 — 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 — BSMZ

In 2025 Q4, 21 hedge funds were net buyers of BSMZ (20 opened a new position, 1 added to an existing one), while 0 reduced or exited — a 100% buyer ratio, indicating clear institutional accumulation. 24% of total institutional value in BSMZ is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +20 funds (more new holders than closures). Total institutional holders: 21.

Hedge Fund Ownership: BSMZ

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

Market Analysis: BSMZ

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BSMZ

-- --

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

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

3 top-rated funds 0 high-conviction
Consensus
2.6
/ 10
breadth
×
Elite
0.0
/ 10
conviction
Hedge Fund Positioning: BSMZ
2026 Q1 Stats Unlock in 4 days 21 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 21 1 2000.0%
13F Shares 495K 36K 1275.63%
Total Value $13M $904K 1292.33%
New Positions 20 1 +19
Increased Positions 1 0 +1
Closed Positions 0 0 -
Reduced Positions 0 0 -
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: BSMZ

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Valuation Measures Data as of: --

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Enterprise Value --
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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

21 + investors

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

QUARTER:
Top 25 institutional holders of BSMZ — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Key FInancial Inc 0.14% 30,535 $767K
2 CONFLUENCE INVESTMENT MANAGEMENT LLC 0.09% 223,117 $5.6M
3 Atlantic Union Bankshares Corp 0.07% 138,398 $3.5M
4 Addison Advisors LLC 0.03% 6,254 $157K
5 GILL CAPITAL PARTNERS, LLC 0.03% 3,950 $99K
6 MONECO ADVISORS, LLC 0.03% 13,905 $349K
7 Jacobi Capital Management LLC 0.02% 11,700 $294K
8 MGO ONE SEVEN LLC 0.01% 21,763 $547K
9 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.01% 5,545 $140K
10 IFP Advisors, Inc 0.01% 18,000 $452K
11 COOKSON PEIRCE & CO INC 0.01% 8,275 $208K
12 Equitable Holdings, Inc. 0.01% 35,670 $896K
13 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.00% 15,270 $383K
14 Kestra Advisory Services, LLC 0.00% 19,579 $492K
15 HighTower Advisors, LLC 0.00% 40,214 $1.0M
16 STIFEL FINANCIAL CORP 0.00% 45,379 $1.1M
17 LPL Financial LLC 0.00% 150,431 $3.8M
18 MML INVESTORS SERVICES, LLC 0.00% 9,378 $236K
19 OSAIC HOLDINGS, INC. 0.00% 12,400 $312K
20 RAYMOND JAMES FINANCIAL INC 0.00% 38,032 $956K
21 ENVESTNET ASSET MANAGEMENT INC 0.00% 31,870 $801K
22 Root Financial Partners, LLC 0.00% 132 $3K
23 JANE STREET GROUP, LLC 0.00% 40,599 $1.0M
24 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% 8,147 $205K
25 ROYAL BANK OF CANADA 0.00% 3,840 $97K
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 BULLETSHARES 2035 MUNICIPAL BOND ETF (BSMZ)

What does the Smart Money Trend signal show for BSMZ?

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

More buyers than sellers — 100% buying: Last quarter: 21 funds were net buyers (20 opened a brand new position + 1 added to an existing one). Only 0 were sellers (0 trimmed + 0 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for BSMZ holders?

Strong quality — 24% AUM from major funds: 4 of 21 holders rank in the top 100 by AUM, accounting for 24% 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 BSMZ?

Mostly new holders — 100% entered in last year: Only 0 funds (0%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

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.