Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

INVESCO DB MULTI-SECTOR COMM (DBO)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +2
Streak
2Q ▲
Buyers last Q
54%

Smart Money Signals — DBO

Based on 52 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added DBO 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.
📊

High ownership — 71% of 3.0Y peak

71% of all-time peak
52 funds currently hold this stock — 71% of the 3.0-year high of 73 funds (reached 2023 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 13% fewer funds vs a year ago

fund count last 6Q
8 fewer hedge funds hold DBO compared to a year ago (-13% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 54% buying

26 buying22 selling
Last quarter: 26 funds bought or added vs 22 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.
➡️

Steady new buyers — ~11 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 10 → 7 → 10 → 11. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

62% of holders stayed for 2+ years

■ 62% conviction (2yr+) ■ 15% medium ■ 23% new
32 out of 52 hedge funds have held DBO 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

7 → 10 → 7 → 10 → 11 new funds/Q
New funds entering each quarter: 10 → 7 → 10 → 11. A growing number of institutions are discovering DBO each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 66% of holders stayed 2+ years

■ 66% veterans ■ 6% 1-2yr ■ 28% new
Of 53 current holders: 35 (66%) 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 — 59% AUM from top-100 funds

59% from top-100 AUM funds
13 of 52 holders are among the 100 largest funds by AUM, controlling 59% of total institutional value in DBO. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
2.1
out of 10
Low Exit Risk
Exit risk score 2.1/10 — 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.

Institutional Sentiment Summary — DBO

In 2025 Q4, 26 hedge funds were net buyers of DBO (11 opened a new position, 15 added to an existing one), while 22 reduced or exited (13 trimmed, 9 sold completely) — a 54% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. 59% of total institutional value in DBO is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +2 funds (more new holders than closures). Total institutional holders: 52.

Hedge Fund Ownership: DBO

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

Market Analysis: DBO

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: DBO

-- --

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.

6 top-rated funds 0 high-conviction
Consensus
3.7
/ 10
breadth
×
Elite
0.2
/ 10
conviction
Hedge Fund Positioning: DBO
2026 Q1 Stats Unlock in 1 days 52 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 52 49 6.12%
13F Shares 4M 4M -3.06%
Total Value $43M $49M -12.08%
New Positions 11 10 +1
Increased Positions 15 10 +5
Closed Positions 9 9 -
Reduced Positions 13 16 -3
Total Calls 0 0 -
Total Puts 1 1 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: DBO

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Financial Highlights

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Institutional Holders (2026 Q1)

52 + investors

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

QUARTER:
Top 25 institutional holders of DBO — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Narus Financial Partners, LLC 0.74% 144,284 $2.8M
2 E Fund Management Co., Ltd. 0.57% 979,736 $19.3M
3 RIK SAYLOR FINANCIAL, INC. 0.18% 12,378 $243K
4 Forty-three Eighteen Advisors, LLC 0.17% 11,270 $222K
5 Cadence Wealth Management LLC 0.12% 14,320 $282K
6 Roxbury Financial LLC 0.11% 6,200 $122K
7 TWO SIGMA SECURITIES, LLC 0.08% 35,120 $691K
8 Quadrature Capital Ltd 0.06% 262,633 $5.2M
9 Strategic Financial Concepts, LLC 0.06% 12,092 $238K
10 Allegheny Financial Group 0.06% 21,183 $417K
11 PRUDENTIAL PLC 0.05% 471,310 $9.3M
12 Cynosure Group, LLC 0.05% 21,116 $415K
13 Advisory Services Network, LLC 0.05% 180,002 $3.5M
14 PINEBRIDGE INVESTMENTS LLC 0.04% 263,577 $5.2M
15 Private Wealth Asset Management, LLC 0.03% 16,385 $322K
16 FLOW TRADERS U.S. LLC 0.02% 34,137 —
17 B. Riley Wealth Advisors, Inc. 0.02% 13,800 $287K
18 StoneX Group Inc. 0.02% 15,938 $314K
19 Cornerstone Wealth Management, LLC 0.01% 10,400 $205K
20 Ashton Thomas Private Wealth, LLC 0.01% 14,621 $288K
21 GREAT VALLEY ADVISOR GROUP, INC. 0.01% 18,000 $354K
22 WELLS FARGO & COMPANY/MN 0.01% 1,693,801 $33.3M
23 Davis Capital Management 0.01% 450 $9K
24 Curi Capital, LLC 0.00% 14,000 $275K
25 Asset Management One Co., Ltd. 0.00% 64,500 $1.3M
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 DB MULTI-SECTOR COMM (DBO)

What does the Smart Money Trend signal show for DBO?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added DBO 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 DBO?

Slight buying edge — 54% buying: Last quarter: 26 funds bought or added vs 22 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 DBO holders?

Elite ownership — 59% AUM from top-100 funds: 13 of 52 holders are among the 100 largest funds by AUM, controlling 59% of total institutional value in DBO. 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 DBO?

62% of holders stayed for 2+ years: 32 out of 52 hedge funds have held DBO 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.