Invesco Exch Traded Fd Tr II (PICB): Hedge Fund Ownership & Smart Money Signals (Q1 2026)

Q: Is it too late to buy Invesco Exch Traded Fd Tr II (PICB) following the 2026 Q1 hedge fund 13F filings?

As of today, PICB has moved +0.4% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.2% for the SPY sector ETF — an outperformance of +0.2%. Since the quarter end (March 31, 2026), PICB gained +0.4% vs +13.9% 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.

Invesco Exch Traded Fd Tr II (PICB)

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

Smart Money Signals — PICB

Based on 64 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 6 quarters in a row

last 6Q

For 6 consecutive quarters, more hedge funds added PICB 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

64 hedge funds hold PICB 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.

🚀

Fast accumulation — +60% more funds vs a year ago

fund count last 6Q

+24 new funds entered over the past year (+60% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.

🟢

More buyers than sellers — 78% buying

49 buying14 selling

Last quarter: 49 funds were net buyers (14 opened a brand new position + 35 added to an existing one). Only 14 were sellers (9 trimmed + 5 sold completely). A clear majority buying is a strong confirmation signal.

📈

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

new funds entering per quarter

Funds opening a new PICB position: 18 → 10 → 6 → 14. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

🔒

45% of holders stayed for 2+ years

■ 45% conviction (2yr+) ■ 27% medium ■ 28% new

29 out of 64 hedge funds have held PICB 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

9 → 18 → 10 → 6 → 14 new funds/Q

New funds entering each quarter: 18 → 10 → 6 → 14. PICB 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 — 55% of holders stayed 2+ years

■ 55% veterans ■ 5% 1-2yr ■ 41% new

Of 64 current holders: 35 (55%) 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.

📋

Smaller funds dominant — 15% AUM from top-100

15% from top-100 AUM funds

11 of 64 holders rank in the top 100 by AUM, but together hold only 15% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

4.2

out of 10

Moderate Exit Risk

Exit risk score 4.2/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

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.

Metric	All 13F Filers (2026 Q1)	Prior (2025 Q4)	Change
Funds Holding	64	55	16.36%
13F Shares	11M	7M	41.3%
Total Value	$242M	$179M	35.36%
New Positions	14	6	+8
Increased Positions	35	33	+2
Closed Positions	5	3	+2
Reduced Positions	9	10	-1
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

16.36%

13F Shares

11M

41.3%

Total Value

$242M

$179M

35.36%

New Positions

Increased Positions

Closed Positions

Reduced Positions

-1

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q1)

64 + investors

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

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 PICB holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Dunhill Financial, LLC	11.83%	2,174,115	$50.2M
2	Tanager Wealth Management LLP	8.22%	3,676,200	$84.9M
3	Urban Financial Advisory Corp	5.08%	621,712	$14.4M
4	Bristlecone Value Partners, LLC	1.88%	92,532	$2.1M
5	1 North Wealth Services LLC	1.09%	131,187	$3.0M
6	Checchi Capital Advisers, LLC	0.98%	835,786	$19.3M
7	Climber Capital SA	0.87%	57,215	$1.3M
8	Walkner Condon Financial Advisors LLC	0.73%	238,901	$5.5M
9	VERITY Wealth Advisors	0.50%	32,431	$749K
10	Chapman Financial Group, LLC	0.46%	28,096	$649K
11	Millington Financial Advisors, LLC	0.30%	30,607	$720K
12	17 Capital Partners, LLC	0.28%	23,543	$544K
13	Grey Fox Wealth Advisors, LLC	0.20%	44,243	$1.0M
14	Fortis Group Advisors, LLC	0.15%	38,309	$903K
15	Pacifica Partners Inc.	0.13%	17,315	$400K
16	Freedom Investment Management, Inc.	0.09%	12,509	$289K
17	Factor Wealth Management LTD	0.05%	12,541	$290K
18	Addison Advisors LLC	0.04%	8,740	$202K
19	Insight Wealth Strategies, LLC	0.04%	16,928	$391K
20	First United Bank & Trust	0.04%	4,685	$108K
21	Ausdal Financial Partners, Inc.	0.02%	14,923	$345K
22	Fifth Third Securities, INC.	0.01%	9,043	$209K
23	Rathbones Group PLC	0.01%	130,009	$3.0M
24	Guggenheim Capital LLC	0.01%	60,665	$1.4M
25	Johnson Investment Counsel Inc	0.01%	51,235	$1.2M

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 (PICB)

What does the Smart Money Trend signal show for PICB?

Buying streak — 6 quarters in a row: For 6 consecutive quarters, more hedge funds added PICB 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 PICB?

More buyers than sellers — 78% buying: Last quarter: 49 funds were net buyers (14 opened a brand new position + 35 added to an existing one). Only 14 were sellers (9 trimmed + 5 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for PICB holders?

Smaller funds dominant — 15% AUM from top-100: 11 of 64 holders rank in the top 100 by AUM, but together hold only 15% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held PICB?

45% of holders stayed for 2+ years: 29 out of 64 hedge funds have held PICB 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 (PICB) following the 2026 Q1 hedge fund 13F filings?

As of today, PICB has moved +0.4% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.2% for the SPY sector ETF — an outperformance of +0.2%. Since the quarter end (March 31, 2026), PICB has gained +0.4% vs +13.9% 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.

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	--

Profit Margin	--
Return on Assets (ttm)	--
Return on Equity (ttm)	--

Revenue (ttm)	--
Net Income Avi to Common (ttm)	--
Diluted EPS (ttm)	--
Total Cash (mrq)	--
Total Debt/Equity (mrq)	--
Levered Free Cash Flow (ttm)	--

Invesco Exch Traded Fd Tr II (PICB)

Smart Money Signals — PICB

Buying streak — 6 quarters in a row

At the ownership peak (100% of max)

Fast accumulation — +60% more funds vs a year ago

More buyers than sellers — 78% buying

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

45% of holders stayed for 2+ years

Peak discovery — momentum slowing

Deep conviction — 55% of holders stayed 2+ years

Smaller funds dominant — 15% AUM from top-100

Institutional Sentiment Summary — PICB

Hedge Fund Ownership: PICB

Market Analysis: PICB

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: PICB

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

Hedge Fund Positioning: PICB

Statistics: PICB

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

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

Welcome to 13Foresight!