Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Invesco Exch Traded Fd Tr II (PCY)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -7
Streak
2Q ▼
Buyers last Q
50%

Smart Money Signals — PCY

Based on 187 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, 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.
📊

High ownership — 91% of 3.0Y peak

91% of all-time peak
187 funds currently hold this stock — 91% of the 3.0-year high of 205 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +4% more funds vs a year ago

fund count last 6Q
+8 new funds entered over the past year (+4% 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.
🟡

Slight buying edge — 50% buying

94 buying93 selling
Last quarter: 94 funds bought or added vs 93 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 — ~27 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 27 → 36 → 24 → 27. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

70% of holders stayed for 2+ years

■ 70% conviction (2yr+) ■ 17% medium ■ 13% new
131 out of 187 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.
📊

Peak discovery — momentum slowing

26 → 27 → 36 → 24 → 27 new funds/Q
New funds entering each quarter: 27 → 36 → 24 → 27. PCY is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 74% veterans vs 15% newcomers

■ 74% veterans ■ 11% 1-2yr ■ 15% new
Entry-cohort mix of 188 holders: 139 (74%) are 2+ year veterans, 20 entered 1–2 years ago, and 29 (15%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 76% AUM from top-100 funds

76% from top-100 AUM funds
24 of 187 holders are among the 100 largest funds by AUM, controlling 76% 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.
2.9
out of 10
Low Exit Risk
Exit risk score 2.9/10 — 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 — PCY

In 2026 Q2, 94 hedge funds were net buyers of PCY (27 opened a new position, 67 added to an existing one), while 93 reduced or exited (59 trimmed, 34 sold completely) — a 50% buyer ratio, indicating a slight buying edge. Net selling has persisted for two consecutive quarters. 76% of total institutional value in PCY is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -7 funds (more exits than new entries). Total institutional holders: 187.

Hedge Fund Ownership: PCY

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

Market Analysis: PCY

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PCY

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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
0.8
/ 10
conviction
Hedge Fund Positioning: PCY
187 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 187 194 -3.61%
13F Shares 51M 52M -2.75%
Total Value $1.10B $1.09B 0.58%
New Positions 27 24 +3
Increased Positions 66 62 +4
Closed Positions 34 35 -1
Reduced Positions 58 78 -20
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: PCY

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Institutional Holders (2026 Q2)

187 + 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:
Top 25 PCY holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Annex Advisory Services, LLC 1.56% 4,214,276 $91.2M
2 Syon Capital LLC 1.25% 1,330,345 $28.8M
3 Advisors Preferred, LLC 1.19% 355,232 $7.7M
4 City Center Advisors, LLC 0.84% 47,928 $1.0M
5 Alliance Wealth Management Group 0.84% 198,661 $4.3M
6 RiverTree Advisors, LLC 0.79% 61,766 $1.3M
7 Endowment Wealth Management, Inc. 0.65% 77,525 $1.7M
8 Towercrest Capital Management 0.64% 211,860 $4.6M
9 Sharper & Granite LLC 0.64% 95,050 $2.1M
10 Omega Financial Group, LLC 0.56% 85,508 $1.9M
11 Crabel Capital Management, LLC 0.40% 24,988 $541K
12 Robinswood Financial LLC 0.35% 47,171 $951K
13 WFA of San Diego, LLC 0.25% 14,411 $307K
14 Probity Advisors, Inc. 0.24% 75,913 $1.6M
15 Red Wave Investments LLC 0.22% 39,818 $862K
16 Risk Paradigm Group, LLC 0.21% 12,432 $269K
17 SGL Investment Advisors, Inc. 0.21% 28,615 $604K
18 Synergy Asset Management, LLC 0.19% 91,316 $2.0M
19 Legacy Wealth Asset Management, LLC 0.19% 38,965 $844K
20 Moneco Advisors, LLC 0.17% 129,755 $2.8M
21 Net Worth Advisory Group 0.16% 29,100 $630K
22 Post Resch Tallon Group Inc. 0.15% 10,033 $217K
23 Flywheel Private Wealth LLC 0.15% 13,722 $297K
24 Auour Investments LLC 0.13% 21,049 $456K
25 SigFig Wealth Management, LLC 0.11% 190,633 $4.1M
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 (PCY)

What does the Smart Money Trend signal show for PCY?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, 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?

Slight buying edge — 50% buying: Last quarter: 94 funds bought or added vs 93 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 PCY holders?

Elite ownership — 76% AUM from top-100 funds: 24 of 187 holders are among the 100 largest funds by AUM, controlling 76% 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?

70% of holders stayed for 2+ years: 131 out of 187 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.

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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