Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Invesco Exch Traded Fd Tr II (PGX)

408 + 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
→ 0
Streak
1Q —
Buyers last Q
46%

Smart Money Signals — PGX

Based on 414 hedge funds · latest filing: 2026 Q2 · updated quarterly

➡️

No change last quarter

last 6Q
The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.
📊

High ownership — 89% of 3.0Y peak

89% of all-time peak
414 funds currently hold this stock — 89% of the 3.0-year high of 463 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding PGX is almost the same as a year ago (-6 funds, -1% change). No significant rush to buy or sell — institutional backing is holding steady.
🟠

More sellers than buyers — 46% buying

171 buying199 selling
Last quarter: 199 funds reduced or exited vs 171 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.
📈

More new buyers each quarter (+8 vs last Q)

new funds entering per quarter
Funds opening a new PGX position: 37 → 69 → 50 → 58. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

67% of holders stayed for 2+ years

■ 67% conviction (2yr+) ■ 15% medium ■ 17% new
279 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.
➡️

Steady discovery — ~58 new funds/quarter

49 → 37 → 69 → 50 → 58 new funds/Q
New funds entering each quarter: 37 → 69 → 50 → 58. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 71% veterans vs 19% newcomers

■ 71% veterans ■ 10% 1-2yr ■ 19% new
Entry-cohort mix of 414 holders: 293 (71%) are 2+ year veterans, 43 entered 1–2 years ago, and 78 (19%) 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
25 of 411 holders are among the 100 largest funds by AUM, controlling 68% 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.
3.1
out of 10
Low Exit Risk
Exit risk score 3.1/10 — 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 Q2, 171 hedge funds were net buyers of PGX (58 opened a new position, 113 added to an existing one), while 199 reduced or exited (141 trimmed, 58 sold completely) — a 46% buyer ratio, indicating roughly balanced activity. 68% of total institutional value in PGX is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: flat (entries and exits balanced). 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.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

10 top-rated funds 1 high-conviction
Consensus
4.5
/ 10
breadth
×
Elite
1.8
/ 10
conviction
Hedge Fund Positioning: PGX
2026 Q3 Stats Unlock in 20 days 408 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 408 414 -1.45%
13F Shares 213M 188M 13.19%
Total Value $2.20B $1.99B 10.16%
New Positions 57 50 +7
Increased Positions 113 122 -9
Closed Positions 60 55 +5
Reduced Positions 140 140 -
Total Calls 1 0 100%
Total Puts 0 1 -100.0%
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: PGX

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q2)

408 + 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 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Spectrum Asset Management, Inc. 77.11% 4,953,026 $53.7M
2 Stonebridge Advisors LLC 16.07% 1,230,714 $13.3M
3 Bramshill Investments, LLC 9.53% 11,489,931 $124.6M
4 Acute Investment Advisory, LLC 8.87% 77,378 $839K
5 Compass Financial Group, Inc. (Ohio) 2.78% 383,598 $4.2M
6 Manske Wealth Management 2.02% 751,282 $8.1M
7 Prairiewood Capital, LLC 1.85% 657,946 $7.1M
8 Trinity Legacy Partners, LLC 1.80% 830,570 $9.0M
9 Shepherd Kaplan Krochuk, LLC 1.69% 196,205 $2.1M
10 Investors Research Corp 1.18% 609,077 $6.6M
11 Cordoba Advisory Partners LLC 1.07% 465,571 $5.0M
12 First National Bank & Trust Co of Newtown 1.01% 461,090 $4.9M
13 Plimoth Trust Co LLC 0.99% 457,054 $5.0M
14 Pursuit Wealth Strategies, LLC 0.97% 68,856 $746K
15 Field & Main Bank 0.90% 401,291 $4.3M
16 Brighton Securities CORP. 0.82% 176,237 $1.9M
17 Checchi Capital Advisers, LLC 0.77% 1,569,752 $17.0M
18 KG Capital Management 0.75% 116,480 $1.3M
19 Centiva Capital, LP 0.65% 6,910,000 $74.9M
20 Noesis Capital Mangement Corp 0.59% 454,412 $4.9M
21 Portland Financial Advisors Inc 0.56% 28,070 $304K
22 Boreal Capital Management LLC 0.50% — $669K
23 Burnham & Co LLC 0.49% 55,488 $601K
24 First Hawaiian Bank 0.38% 278,337 $3.0M
25 1620 Investment Advisors, INC. 0.36% 54,337 $589K
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

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

What does the Smart Money Trend signal show for PGX?

No change last quarter: The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.

What is the institutional breadth score for PGX?

More sellers than buyers — 46% buying: Last quarter: 199 funds reduced or exited vs 171 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 — 68% AUM from top-100 funds: 25 of 411 holders are among the 100 largest funds by AUM, controlling 68% 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: 279 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.

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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