Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

INVESCO EXCHANGE TRADED FD T (PEZ)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -3
Streak
2Q ▼
Buyers last Q
33%

Smart Money Signals — PEZ

Based on 23 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their PEZ positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🔻

Below peak — only 64% of 3.0Y high

64% of all-time peak
Only 23 funds hold PEZ today versus a peak of 36 funds at 2024 Q4 — just 64% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.
📉

Outflows — 30% fewer funds vs a year ago

fund count last 6Q
10 fewer hedge funds hold PEZ compared to a year ago (-30% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🔴

Heavy selling pressure — only 33% buying

6 buying12 selling
Last quarter: 12 funds sold vs only 6 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
➡️

Steady new buyers — ~1 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 3 → 6 → 5 → 1. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

65% of holders stayed for 2+ years

■ 65% conviction (2yr+) ■ 26% medium ■ 9% new
15 out of 23 hedge funds have held PEZ 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

5 → 3 → 6 → 5 → 1 new funds/Q
New funds entering each quarter: 3 → 6 → 5 → 1. PEZ is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Deep conviction — 74% of holders stayed 2+ years

■ 74% veterans ■ 9% 1-2yr ■ 17% new
Of 23 current holders: 17 (74%) 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
8 of 23 holders are among the 100 largest funds by AUM, controlling 59% of total institutional value in PEZ. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
2.3
out of 10
Low Exit Risk
Exit risk score 2.3/10 — 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 — PEZ

In 2026 Q1, 6 hedge funds were net buyers of PEZ (1 opened a new position, 5 added to an existing one), while 12 reduced or exited (8 trimmed, 4 sold completely) — a 33% buyer ratio, indicating net institutional distribution. Net selling has persisted for two consecutive quarters. 59% of total institutional value in PEZ is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -3 funds (more exits than new entries). Total institutional holders: 23.

Hedge Fund Ownership: PEZ

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

Market Analysis: PEZ

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PEZ

-- --

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

Is It Too Late to Buy INVESCO EXCHANGE TRADED FD T (PEZ) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much PEZ 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 · 64d ago
PEZ
+2.6%
SPY
+16.8%

PEZ outperformed SPY by -14.2% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 19d ago
PEZ
+3.7%
SPY
+2.7%

Since the filing became public, PEZ outperformed SPY by +1.0% .

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.

0 top-rated funds 0 high-conviction
Consensus
0.0
/ 10
breadth
×
Elite
0.1
/ 10
conviction
Hedge Fund Positioning: PEZ
23 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 23 26 -11.54%
13F Shares 96K 116K -17.49%
Total Value $9M $12M -23.4%
New Positions 1 5 -4
Increased Positions 5 6 -1
Closed Positions 4 8 -4
Reduced Positions 8 7 +1
Total Calls 0 1 -100.0%
Total Puts 0 1 -100.0%
PUT/CALL Ratio 0.0 1.0 Bullish

Statistics: PEZ

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Beta (5Y Monthly) --
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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

23 + investors

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

QUARTER:
Top 23 institutional holders of PEZ — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Trueblood Wealth Management, LLC 0.17% 4,419 $426K
2 Genesee Capital Advisors, LLC 0.11% 2,725 $263K
3 Register Financial Advisors LLC 0.04% 1,111 $107K
4 BELLEVUE ASSET MANAGEMENT, LLC 0.02% 369 $36K
5 Farther Finance Advisors, LLC 0.01% 9,276 $902K
6 MTM Investment Management, LLC 0.00% 82 $8K
7 Transamerica Financial Advisors, LLC 0.00% 298 $29K
8 HARBOUR INVESTMENTS, INC. 0.00% 842 $81K
9 Sound Income Strategies, LLC 0.00% 244 $24K
10 Cetera Investment Advisers 0.00% 10,287 $992K
11 OSAIC HOLDINGS, INC. 0.00% 6,452 $622K
12 FIFTH THIRD BANCORP 0.00% 2,500 $241K
13 CENTRAL TRUST Co 0.00% 208 $20K
14 BANK OF AMERICA CORP /DE/ 0.00% 25,825 $2.5M
15 LPL Financial LLC 0.00% 6,272 $605K
16 IFP Advisors, Inc 0.00% 80 $8K
17 MORGAN STANLEY 0.00% 14,568 $1.4M
18 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% 5,510 $531K
19 GOLDMAN SACHS GROUP INC 0.00% 3,618 $349K
20 UBS Group AG 0.00% 762 $73K
21 BLAIR WILLIAM & CO/IL 0.00% 31 $3K
22 JONES FINANCIAL COMPANIES LLLP 0.00% 105 $10K
23 WELLS FARGO & COMPANY/MN 0.00% 100 $10K
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 EXCHANGE TRADED FD T (PEZ)

What does the Smart Money Trend signal show for PEZ?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their PEZ 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 PEZ?

Heavy selling pressure — only 33% buying: Last quarter: 12 funds sold vs only 6 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.

What is the fund quality score for PEZ holders?

Elite ownership — 59% AUM from top-100 funds: 8 of 23 holders are among the 100 largest funds by AUM, controlling 59% of total institutional value in PEZ. 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 PEZ?

65% of holders stayed for 2+ years: 15 out of 23 hedge funds have held PEZ 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 EXCHANGE TRADED FD T (PEZ) following the 2026 Q1 hedge fund 13F filings?

As of today, PEZ has moved +3.7% since the 2026 Q1 13F filing date (May 15, 2026), compared to +2.7% for the SPY sector ETF — an outperformance of +1.0%. Since the quarter end (March 31, 2026), PEZ has gained +2.6% vs +16.8% 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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