Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Invesco Exch Traded Fd Tr II (PIO)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -1
Streak
1Q ▼
Buyers last Q
50%

Smart Money Signals — PIO

Based on 114 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 PIO positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (99% of max)

99% of all-time peak
114 hedge funds hold PIO 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 — +8% more funds vs a year ago

fund count last 6Q
+8 new funds entered over the past year (+8% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 50% buying

38 buying38 selling
Last quarter: 38 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 — ~12 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 9 → 11 → 14 → 12. 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+) ■ 21% medium ■ 18% new
69 out of 114 hedge funds have held PIO 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

10 → 9 → 11 → 14 → 12 new funds/Q
New funds entering each quarter: 9 → 11 → 14 → 12. A growing number of institutions are discovering PIO each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 61% veterans vs 22% newcomers

■ 61% veterans ■ 17% 1-2yr ■ 22% new
Entry-cohort mix of 114 holders: 70 (61%) are 2+ year veterans, 19 entered 1–2 years ago, and 25 (22%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 54% AUM from top-100 funds

54% from top-100 AUM funds
18 of 113 holders are among the 100 largest funds by AUM, controlling 54% of total institutional value in PIO. 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 — PIO

In 2026 Q1, 38 hedge funds were net buyers of PIO (12 opened a new position, 26 added to an existing one), while 38 reduced or exited (25 trimmed, 13 sold completely) — a 50% buyer ratio, indicating a slight buying edge. 54% of total institutional value in PIO is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -1 funds (more exits than new entries). Total institutional holders: 114.

Hedge Fund Ownership: PIO

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

Market Analysis: PIO

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PIO

-- --

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

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

Signal Freshness measures how much PIO 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 · 83d ago
PIO
+3.7%
SPY
+15.1%

PIO outperformed SPY by -11.4% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 38d ago
PIO
+3.4%
SPY
+1.3%

Since the filing became public, PIO outperformed SPY by +2.1% .

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.

6 top-rated funds 0 high-conviction
Consensus
3.7
/ 10
breadth
×
Elite
0.1
/ 10
conviction
Hedge Fund Positioning: PIO
112 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 112 115 -2.61%
13F Shares 2M 2M -1.82%
Total Value $98M $103M -4.35%
New Positions 12 14 -2
Increased Positions 25 21 +4
Closed Positions 15 5 +10
Reduced Positions 24 25 -1
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: PIO

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Institutional Holders (2026 Q1)

112 + investors

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

QUARTER:
Top 25 PIO holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 LFA - Lugano Financial Advisors SA 0.25% 11,497 $499K
2 Capital Wealth Alliance, LLC 0.20% 10,247 $445K
3 Accredited Investor Services, LLC 0.19% 6,834 $297K
4 Elmwood Wealth Management, Inc. 0.19% 15,755 $684K
5 Millstone Evans Group, LLC 0.13% 5,030 $218K
6 Ifrah Financial Services, Inc. 0.13% 11,169 $485K
7 Blueline Advisors LLC 0.11% 3,273 $142K
8 Meramec Financial Planners, LLC 0.09% 4,630 $217K
9 Sandbox Financial Partners, LLC 0.07% 5,734 $249K
10 Regal Investment Advisors LLC 0.05% 20,513 $891K
11 Linscomb Wealth, Inc. 0.05% 26,067 $1.1M
12 YHB Investment Advisors, Inc. 0.05% 14,720 $639K
13 United Financial Planning Group LLC 0.04% 1,060 $68K
14 SOA Wealth Advisors, LLC. 0.03% 4,016 $174K
15 Glen Eagle Advisors, LLC 0.03% 5,352 $232K
16 Ritter Daniher Financial Advisory LLC / DE 0.02% 3,041 $132K
17 Moneco Advisors, LLC 0.02% 6,638 $288K
18 Adirondack Trust Co 0.02% 1,500 $65K
19 Moors & Cabot, Inc. 0.02% 10,414 $452K
20 Union Savings Bank 0.02% 979 $43K
21 Spire Wealth Management 0.02% 11,130 $483K
22 1832 Asset Management L.P. 0.02% 400,105 $17.4M
23 WealthShield Partners, LLC 0.01% 3,085 $134K
24 Breakwater Investment Management 0.01% 774 $34K
25 Dearborn Partners LLC 0.01% 3,350 $224K
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 (PIO)

What does the Smart Money Trend signal show for PIO?

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

Slight buying edge — 50% buying: Last quarter: 38 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 PIO holders?

Elite ownership — 54% AUM from top-100 funds: 18 of 113 holders are among the 100 largest funds by AUM, controlling 54% of total institutional value in PIO. 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 PIO?

61% of holders stayed for 2+ years: 69 out of 114 hedge funds have held PIO 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 (PIO) following the 2026 Q1 hedge fund 13F filings?

As of today, PIO has moved +3.4% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.3% for the SPY sector ETF — an outperformance of +2.1%. Since the quarter end (March 31, 2026), PIO has gained +3.7% vs +15.1% 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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