Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Invesco Exch Traded Fd Tr II (KBWD)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -2
Streak
1Q ▼
Buyers last Q
51%

Smart Money Signals — KBWD

Based on 62 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their KBWD positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 79% of 3.0Y peak

79% of all-time peak
62 funds currently hold this stock — 79% of the 3.0-year high of 78 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 21% fewer funds vs a year ago

fund count last 6Q
16 fewer hedge funds hold KBWD compared to a year ago (-21% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 51% buying

36 buying34 selling
Last quarter: 36 funds bought or added vs 34 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: 9 → 4 → 11 → 11. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

63% of holders stayed for 2+ years

■ 63% conviction (2yr+) ■ 21% medium ■ 16% new
39 out of 62 hedge funds have held KBWD 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

14 → 9 → 4 → 11 → 11 new funds/Q
New funds entering each quarter: 9 → 4 → 11 → 11. A growing number of institutions are discovering KBWD each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 71% veterans vs 16% newcomers

■ 71% veterans ■ 13% 1-2yr ■ 16% new
Entry-cohort mix of 62 holders: 44 (71%) are 2+ year veterans, 8 entered 1–2 years ago, and 10 (16%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 65% AUM from top-100 funds

65% from top-100 AUM funds
14 of 60 holders are among the 100 largest funds by AUM, controlling 65% of total institutional value in KBWD. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
2.4
out of 10
Low Exit Risk
Exit risk score 2.4/10 — 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 — KBWD

In 2026 Q2, 36 hedge funds were net buyers of KBWD (11 opened a new position, 25 added to an existing one), while 34 reduced or exited (21 trimmed, 13 sold completely) — a 51% buyer ratio, indicating a slight buying edge. 65% of total institutional value in KBWD is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -2 funds (more exits than new entries). Total institutional holders: 62.

Hedge Fund Ownership: KBWD

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

Market Analysis: KBWD

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: KBWD

-- --

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

Is It Too Late to Buy Invesco Exch Traded Fd Tr II (KBWD) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much KBWD has moved relative to its sector benchmark (SPY) since the 2026 Q3 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End September 30, 2026 · 45d ago
KBWD
-6.6%
SPY
-1.1%

KBWD outperformed SPY by -5.5% since September 30, 2026.

Since 13F Filing Date November 14, 2026 · 0d ago
KBWD
+0.0%
SPY
+0.0%

Since the filing became public, KBWD outperformed SPY by +0.0% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

2 top-rated funds 1 high-conviction
Consensus
2.1
/ 10
breadth
×
Elite
0.9
/ 10
conviction
Hedge Fund Positioning: KBWD
2026 Q3 Stats Unlock in 5 days 60 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 60 64 -6.25%
13F Shares 8M 7M 6.85%
Total Value $93M $88M 6.0%
New Positions 11 11 -
Increased Positions 24 24 -
Closed Positions 13 11 +2
Reduced Positions 21 19 +2
Total Calls 2 1 100.0%
Total Puts 0 1 -100.0%
PUT/CALL Ratio 0.0 1.0 Bullish

Statistics: KBWD

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Institutional Holders (2026 Q3)

60 + investors

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

QUARTER:
2026 Q3 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.
Top 25 KBWD holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Mission Hills Financial Advisory, LLC 1.23% 275,923 $3.0M
2 Endowment Wealth Management, Inc. 0.29% 75,898 $839K
3 Winnacle Wealth LLC 0.19% 26,337 $291K
4 Harvest Investment Services, LLC 0.13% 70,644 $781K
5 Gradient Investments LLC 0.10% 647,708 $7.2M
6 Kingswood Wealth Advisors, LLC 0.02% 46,022 $509K
7 Founders Financial Alliance, LLC 0.01% 7,185 $79K
8 CreativeOne Wealth, LLC 0.01% 40,194 $444K
9 IFP Advisors, Inc 0.01% 41,786 $462K
10 IMG Wealth Management, Inc. 0.01% 1,249 $14K
11 Koshinski Asset Management, Inc. 0.01% 11,615 $128K
12 Simplicity Wealth,LLC 0.01% 20,603 $228K
13 Independent Financial Group, LLC 0.01% 30,158 $333K
14 Great Valley Advisor Group, INC. 0.00% 25,809 $285K
15 Rossby Financial, LCC 0.00% 1,631 $18K
16 LPL Financial LLC 0.00% 1,073,607 $11.9M
17 Ashton Thomas Private Wealth, LLC 0.00% 9,339 $103K
18 BNP Paribas Financial Markets 0.00% 508,894 $5.6M
19 Triumph Capital Management 0.00% 924 $10K
20 Stratos Wealth Partners, LTD. 0.00% 10,609 $117K
21 Choreo, LLC 0.00% 10,134 $112K
22 Cullen/Frost Bankers, INC. 0.00% 9,922 $110K
23 Farther Finance Advisors, LLC 0.00% 12,793 $141K
24 Mml Investors Services, LLC 0.00% 25,025 $277K
25 Berthel, Fisher & Company Financial Services, INC. 0.00% 291 $4K
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 (KBWD)

What does the Smart Money Trend signal show for KBWD?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their KBWD positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for KBWD?

Slight buying edge — 51% buying: Last quarter: 36 funds bought or added vs 34 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 KBWD holders?

Elite ownership — 65% AUM from top-100 funds: 14 of 60 holders are among the 100 largest funds by AUM, controlling 65% of total institutional value in KBWD. 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 KBWD?

63% of holders stayed for 2+ years: 39 out of 62 hedge funds have held KBWD 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.

Is it too late to buy Invesco Exch Traded Fd Tr II (KBWD) following the 2026 Q3 hedge fund 13F filings?

As of today, KBWD has moved +0.0% since the 2026 Q3 13F filing date (November 14, 2026), compared to +0.0% for the SPY sector ETF — an outperformance of +0.0%. Since the quarter end (September 30, 2026), KBWD has gained -6.6% vs -1.1% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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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