Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Invesco Exch Traded Fd Tr II (PGX)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -4
Streak
1Q ▼
Buyers last Q
47%

Smart Money Signals — PGX

Based on 414 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 PGX 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 — 90% of 3.0Y peak

90% of all-time peak
414 funds currently hold this stock — 90% of the 3.0-year high of 462 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 5% fewer funds vs a year ago

fund count last 6Q
21 fewer hedge funds hold PGX compared to a year ago (-5% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 47% buying

172 buying194 selling
Last quarter: 194 funds reduced or exited vs 172 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 (-19 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 48 → 37 → 69 → 50. 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.
🔒

67% of holders stayed for 2+ years

■ 67% conviction (2yr+) ■ 18% medium ■ 16% new
276 out of 414 hedge funds have held PGX 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

40 → 48 → 37 → 69 → 50 new funds/Q
New funds entering each quarter: 48 → 37 → 69 → 50. A growing number of institutions are discovering PGX each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 70% of holders stayed 2+ years

■ 70% veterans ■ 12% 1-2yr ■ 17% new
Of 415 current holders: 292 (70%) 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 — 70% AUM from top-100 funds

70% from top-100 AUM funds
24 of 414 holders are among the 100 largest funds by AUM, controlling 70% of total institutional value in PGX. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.0
out of 10
Low Exit Risk
Exit risk score 3.0/10 — 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 — PGX

In 2026 Q1, 172 hedge funds were net buyers of PGX (50 opened a new position, 122 added to an existing one), while 194 reduced or exited (140 trimmed, 54 sold completely) — a 47% buyer ratio, indicating roughly balanced activity. 70% of total institutional value in PGX is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -4 funds (more exits than new entries). Total institutional holders: 414.

Hedge Fund Ownership: PGX

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

Market Analysis: PGX

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PGX

-- --

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

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

Signal Freshness measures how much PGX 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 · 74d ago
PGX
+0.5%
SPY
+14.1%

PGX outperformed SPY by -13.6% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 29d ago
PGX
-0.5%
SPY
+0.3%

Since the filing became public, PGX outperformed SPY by -0.8% .

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.

14 top-rated funds 2 high-conviction
Consensus
5.1
/ 10
breadth
×
Elite
2.3
/ 10
conviction
Hedge Fund Positioning: PGX
412 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 412 418 -1.44%
13F Shares 188M 195M -3.54%
Total Value $1.99B $2.21B -9.73%
New Positions 50 69 -19
Increased Positions 121 114 +7
Closed Positions 56 47 +9
Reduced Positions 140 149 -9
Total Calls 0 0 -
Total Puts 1 0 100%
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: PGX

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Valuation Measures Data as of: --

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

412 + investors

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

QUARTER:
Top 25 PGX holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Spectrum Asset Management, Inc. 84.85% 3,902,745 $42.5M
2 Stonebridge Advisors LLC 15.75% 1,223,779 $13.3M
3 Bramshill Investments, LLC 9.63% 10,278,204 $111.8M
4 Acute Investment Advisory, LLC 9.22% 75,491 $821K
5 Compass Financial Group, Inc. (Ohio) 2.85% 357,778 $3.9M
6 Pursuit Wealth Strategies, LLC 2.35% 149,315 $1.7M
7 Prairiewood Capital, LLC 2.14% 680,404 $7.4M
8 Manske Wealth Management 2.03% 664,411 $7.2M
9 Trinity Legacy Partners, LLC 1.79% 736,148 $8.3M
10 Cordoba Advisory Partners LLC 1.38% 458,900 $5.0M
11 Glaxis Capital Management, LLC 1.36% 100,000 $1.1M
12 Shepherd Kaplan Krochuk, LLC 1.33% 145,528 $1.6M
13 Field & Main Bank 1.24% 393,033 $4.3M
14 First National Bank & Trust Co of Newtown 1.24% 530,142 $5.8M
15 Investors Research Corp 1.20% 578,277 $6.3M
16 Plimoth Trust Co LLC 1.07% 440,393 $4.8M
17 Intrepid Financial Planning Group LLC 0.97% 221,034 $2.4M
18 KG Capital Management 0.93% 118,927 $1.3M
19 Brighton Securities CORP. 0.88% 167,863 $1.8M
20 Checchi Capital Advisers, LLC 0.76% 1,389,774 $15.1M
21 Fiduciary Advisors, INC. 0.69% 84,888 $924K
22 Trask Adam Roland 0.66% 64,188 $698K
23 Noesis Capital Mangement Corp 0.65% 405,487 $4.4M
24 Portland Financial Advisors Inc 0.64% 28,070 $305K
25 Hyposwiss Advisors SA 0.51% 47,070 $512K
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 (PGX)

What does the Smart Money Trend signal show for PGX?

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

More sellers than buyers — 47% buying: Last quarter: 194 funds reduced or exited vs 172 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 PGX holders?

Elite ownership — 70% AUM from top-100 funds: 24 of 414 holders are among the 100 largest funds by AUM, controlling 70% of total institutional value in PGX. 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 PGX?

67% of holders stayed for 2+ years: 276 out of 414 hedge funds have held PGX 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 (PGX) following the 2026 Q1 hedge fund 13F filings?

As of today, PGX has moved -0.5% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.3% for the SPY sector ETF — an outperformance of -0.8%. Since the quarter end (March 31, 2026), PGX has gained +0.5% 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.

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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