Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Invesco Exch Traded Fd Tr II (PDN)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +6
Streak
1Q ▲
Buyers last Q
55%

Smart Money Signals — PDN

Based on 106 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added PDN 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
106 hedge funds hold PDN 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 — +5% more funds vs a year ago

fund count last 6Q
+5 new funds entered over the past year (+5% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 55% buying

46 buying38 selling
Last quarter: 46 funds bought or added vs 38 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 — ~15 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 6 → 18 → 11 → 15. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

61% of holders stayed for 2+ years

■ 61% conviction (2yr+) ■ 17% medium ■ 22% new
65 out of 106 hedge funds have held PDN 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.
➡️

Steady discovery — ~15 new funds/quarter

9 → 6 → 18 → 11 → 15 new funds/Q
New funds entering each quarter: 6 → 18 → 11 → 15. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 63% veterans vs 24% newcomers

■ 63% veterans ■ 13% 1-2yr ■ 24% new
Entry-cohort mix of 106 holders: 67 (63%) are 2+ year veterans, 14 entered 1–2 years ago, and 25 (24%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 68% AUM from top-100 funds

68% from top-100 AUM funds
19 of 106 holders are among the 100 largest funds by AUM, controlling 68% of total institutional value in PDN. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — 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 — PDN

In 2026 Q1, 46 hedge funds were net buyers of PDN (15 opened a new position, 31 added to an existing one), while 38 reduced or exited (29 trimmed, 9 sold completely) — a 55% buyer ratio, indicating a slight buying edge. 68% of total institutional value in PDN is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +6 funds (more new holders than closures). Total institutional holders: 106.

Hedge Fund Ownership: PDN

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

Market Analysis: PDN

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PDN

-- --

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

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

Signal Freshness measures how much PDN has moved relative to its sector benchmark (SPY) since the 2026 Q1 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 March 31, 2026 · 84d ago
PDN
+5.1%
SPY
+14.9%

PDN outperformed SPY by -9.8% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 39d ago
PDN
-1.3%
SPY
+1.1%

Since the filing became public, PDN outperformed SPY by -2.4% .

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.

4 top-rated funds 0 high-conviction
Consensus
3.0
/ 10
breadth
×
Elite
0.6
/ 10
conviction
Hedge Fund Positioning: PDN
102 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 102 100 2.0%
13F Shares 5M 5M 0.62%
Total Value $196M $192M 2.45%
New Positions 14 11 +3
Increased Positions 31 31 -
Closed Positions 12 16 -4
Reduced Positions 28 34 -6
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: PDN

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
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) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

102 + investors

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

QUARTER:
Top 25 PDN holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Robinswood Financial LLC 4.61% 84,289 $3.7M
2 Opes Wealth Management LLC 1.39% 194,811 $8.4M
3 Droms Strauss Advisors Inc /Mo/ /Adv 1.14% 100,709 $4.4M
4 Virtus Family Office LLC 0.83% 22,309 $968K
5 Cutler Investment Counsel LLC 0.44% 98,035 $4.3M
6 Beckerman Institutional, LLC 0.40% 17,344 $752K
7 Williams & Novak, LLC 0.35% 10,755 $474K
8 Crusonia Wealth Advisors LLC 0.33% 37,095 $1.6M
9 Elm3 Financial Group, LLC 0.30% 8,257 $358K
10 Studio Investment Management LLC 0.24% 31,051 $1.3M
11 KWB Wealth 0.21% 49,988 $2.1M
12 MB Generational Wealth, LLC 0.17% 7,206 $313K
13 Sensible Money, LLC 0.16% 12,350 $536K
14 L & S Advisors Inc 0.16% 29,724 $1.3M
15 Westmount Partners, LLC 0.12% 11,296 $490K
16 Smith, Moore & CO. 0.07% 22,244 $965K
17 C M Bidwell & Associates Ltd 0.06% 2,975 $129K
18 Access Investment Management LLC 0.05% 4,675 $203K
19 Asset Dedication, LLC 0.04% 14,718 $638K
20 Klingman & Associates, LLC 0.04% 21,342 $926K
21 CFO4Life Group, LLC 0.04% 6,672 $289K
22 Modern Wealth Management, LLC 0.03% 44,730 $2.0M
23 Sunrise Financial Services, LLC 0.02% 804 $35K
24 CFS Investment Advisory Services, LLC 0.02% 7,669 $359K
25 Summit Financial Strategies, Inc. 0.02% 6,544 $284K
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 (PDN)

What does the Smart Money Trend signal show for PDN?

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

Slight buying edge — 55% buying: Last quarter: 46 funds bought or added vs 38 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 PDN holders?

Elite ownership — 68% AUM from top-100 funds: 19 of 106 holders are among the 100 largest funds by AUM, controlling 68% of total institutional value in PDN. 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 PDN?

61% of holders stayed for 2+ years: 65 out of 106 hedge funds have held PDN 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 (PDN) following the 2026 Q1 hedge fund 13F filings?

As of today, PDN has moved -1.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.1% for the SPY sector ETF — an outperformance of -2.4%. Since the quarter end (March 31, 2026), PDN has gained +5.1% vs +14.9% 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.

Full history →