Invesco Exch Traded Fd Tr II (PCY): Hedge Fund Ownership & Smart Money Signals (Q1 2026)

Q: Is it too late to buy Invesco Exch Traded Fd Tr II (PCY) following the 2026 Q1 hedge fund 13F filings?

As of today, PCY has moved +2.8% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.3% for the SPY sector ETF — an outperformance of +2.5%. Since the quarter end (March 31, 2026), PCY gained +3.8% vs +14.1% 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.

Invesco Exch Traded Fd Tr II (PCY)

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

Smart Money Signals — PCY

Based on 193 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q

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

🏔️

At the ownership peak (95% of max)

95% of all-time peak

193 hedge funds hold PCY 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.

📶

Steady growth — +7% more funds vs a year ago

fund count last 6Q

+13 new funds entered over the past year (+7% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction. The peak was reached in just 2 quarters from the low — a sharp move.

🟠

More sellers than buyers — 43% buying

86 buying112 selling

Last quarter: 112 funds reduced or exited vs 86 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

⚠️

Fewer new buyers each quarter (-13 vs last Q)

new funds entering per quarter

Funds opening this position for the first time: 25 → 27 → 36 → 23. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.

🔒

66% of holders stayed for 2+ years

■ 66% conviction (2yr+) ■ 17% medium ■ 18% new

127 out of 193 hedge funds have held PCY 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

23 → 25 → 27 → 36 → 23 new funds/Q

New funds entering each quarter: 25 → 27 → 36 → 23. A growing number of institutions are discovering PCY 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 194 current holders: 133 (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 — 75% AUM from top-100 funds

75% from top-100 AUM funds

20 of 193 holders are among the 100 largest funds by AUM, controlling 75% of total institutional value in PCY. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

3.8

out of 10

Low Exit Risk

Exit risk score 3.8/10 — 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 (2026 Q1)	Prior (2025 Q4)	Change
Funds Holding	191	204	-6.37%
13F Shares	52M	40M	29.78%
Total Value	$1.09B	$908M	19.64%
New Positions	23	36	-13
Increased Positions	62	73	-11
Closed Positions	36	12	+24
Reduced Positions	76	67	+9
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

191

204

-6.37%

13F Shares

52M

40M

29.78%

Total Value

$1.09B

$908M

19.64%

New Positions

-13

Increased Positions

-11

Closed Positions

+24

Reduced Positions

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q1)

191 + investors

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

QUARTER:

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

Top 25 PCY holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Advisors Preferred, LLC	1.57%	511,065	$10.7M
2	Annex Advisory Services, LLC	1.57%	4,002,668	$83.7M
3	Syon Capital LLC	1.41%	1,342,138	$28.1M
4	Fortress Financial Solutions, LLC	1.17%	53,706	$1.1M
5	Robinswood Financial LLC	1.11%	41,981	$877K
6	Financial & Tax Architects, LLC	1.08%	231,834	$4.8M
7	Alliance Wealth Management Group	1.01%	221,723	$4.6M
8	RiverTree Advisors, LLC	0.91%	68,855	$1.4M
9	City Center Advisors, LLC	0.76%	39,247	$820K
10	Towercrest Capital Management	0.76%	232,208	$4.9M
11	Endowment Wealth Management, Inc.	0.70%	75,810	$1.6M
12	Sharper & Granite LLC	0.68%	95,160	$2.0M
13	Omega Financial Group, LLC	0.58%	85,411	$1.8M
14	Probity Advisors, Inc.	0.26%	78,159	$1.6M
15	Kintra Wealth, LLC	0.26%	173,304	$3.6M
16	Red Wave Investments LLC	0.25%	39,818	$832K
17	WFA of San Diego, LLC	0.24%	14,469	$302K
18	Risk Paradigm Group, LLC	0.23%	12,641	$264K
19	Moneco Advisors, LLC	0.22%	136,404	$2.9M
20	SGL Investment Advisors, Inc.	0.20%	24,097	$520K
21	Legacy Wealth Asset Management, LLC	0.19%	37,818	$790K
22	Post Resch Tallon Group Inc.	0.18%	10,463	$220K
23	Flywheel Private Wealth LLC	0.17%	13,891	$290K
24	Colonial River Investments, LLC	0.15%	19,379	$405K
25	Net Worth Advisory Group	0.13%	29,523	$617K

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 (PCY)

What does the Smart Money Trend signal show for PCY?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their PCY 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 PCY?

More sellers than buyers — 43% buying: Last quarter: 112 funds reduced or exited vs 86 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for PCY holders?

Elite ownership — 75% AUM from top-100 funds: 20 of 193 holders are among the 100 largest funds by AUM, controlling 75% of total institutional value in PCY. 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 PCY?

66% of holders stayed for 2+ years: 127 out of 193 hedge funds have held PCY 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 (PCY) following the 2026 Q1 hedge fund 13F filings?

As of today, PCY has moved +2.8% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.3% for the SPY sector ETF — an outperformance of +2.5%. Since the quarter end (March 31, 2026), PCY has gained +3.8% vs +14.1% 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.

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Invesco Exch Traded Fd Tr II (PCY)

Smart Money Signals — PCY

Selling streak — 1 quarter in a row

At the ownership peak (95% of max)

Steady growth — +7% more funds vs a year ago

More sellers than buyers — 43% buying

Fewer new buyers each quarter (-13 vs last Q)

66% of holders stayed for 2+ years

Growing discovery — still being found

Deep conviction — 69% of holders stayed 2+ years

Elite ownership — 75% AUM from top-100 funds

Institutional Sentiment Summary — PCY

Hedge Fund Ownership: PCY

Market Analysis: PCY

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: PCY

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

Hedge Fund Positioning: PCY

Statistics: PCY

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

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

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