Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

INVESCO EXCH TRADED FD TR II (PZA)

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

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Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +12
Streak
3Q ▲
Buyers last Q
56%

Smart Money Signals — PZA

Based on 252 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds added PZA 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
252 hedge funds hold PZA 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 — +17% more funds vs a year ago

fund count last 6Q
+37 new funds entered over the past year (+17% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 56% buying

139 buying108 selling
Last quarter: 139 funds bought or added vs 108 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.
⚠️

Fewer new buyers each quarter (-11 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 25 → 33 → 51 → 40. 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.
🔒

55% of holders stayed for 2+ years

55% conviction (2yr+) 21% medium 24% new
139 out of 252 hedge funds have held PZA 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.
🚀

Acceleration phase — new buyers rushing in

36 → 25 → 33 → 51 → 40 new funds/Q
New funds entering each quarter: 25 → 33 → 51 → 40. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Deep conviction — 57% of holders stayed 2+ years

57% veterans 13% 1-2yr 30% new
Of 253 current holders: 143 (57%) 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
18 of 252 holders are among the 100 largest funds by AUM, controlling 70% of total institutional value in PZA. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.9
out of 10
Low Exit Risk
Exit risk score 3.9/10 — 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.

Hedge Fund Ownership: PZA

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

Market Analysis: PZA

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PZA

-- --
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

19 top-rated funds 1 high-conviction
Consensus
5.6
/ 10
breadth
×
Elite
1.7
/ 10
conviction
Hedge Fund Positioning: PZA
2026 Q1 Stats Unlock in 21 days 253 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 253 241 4.98%
13F Shares 101M 101M -0.61%
Total Value $2.38B $2.34B 1.6%
New Positions 40 51 -11
Increased Positions 100 88 +12
Closed Positions 28 25 +3
Reduced Positions 81 73 +8
Total Calls 1 3 -66.67%
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: PZA

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Price/Book (mrq) --
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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)

253 + investors

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

Top 25 institutional holders of PZA — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Richard Bernstein Advisors LLC 6.07% 9,102,497 $209.2M
2 Connecticut Capital Management Group, LLC 3.65% 167,981 $3.9M
3 Archer Investment Management, LLC 2.51% 259,293 $6.0M
4 Meadowbrook Advisors Group, LLC 1.61% 117,594 $2.7M
5 FLP Wealth Management, LLC 1.49% 850 $729K
6 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 1.47% 4,364,629 $100.3M
7 Goodman Advisory Group, LLC 1.46% 244,404 $5.6M
8 Rochester Wealth Strategies, LLC 1.41% 101,282 $2.3M
9 Stewardship Advisors, LLC 1.27% 240,734 $5.5M
10 Targeted Financial Services LLC 1.05% 55,610 $1.3M
11 EHRLICH FINANCIAL GROUP 0.70% 53,034 $1.2M
12 Leeward Financial Partners, LLC 0.65% 95,690 $2.2M
13 FOCUS Wealth Advisors, LLC 0.52% 46,427 $1.1M
14 Wiser Advisor Group LLC 0.46% 16,685 $383K
15 ANDERSON HOAGLAND & CO 0.45% 228,404 $5.2M
16 TRAPHAGEN INVESTMENT ADVISORS LLC 0.41% 218,296 $5.0M
17 Magnolia Private Wealth, LLC 0.40% 25,871 $595K
18 Unify Financial Advisors 0.35% 14,440 $335K
19 1900 WEALTH MANAGEMENT LLC 0.30% 202,688 $4.7M
20 Skyline Advisors, Inc. 0.27% 34,043 $782K
21 Centennial Advisors, LLC 0.27% 9,174 $211K
22 FF Advisors,LLC 0.24% 25,142 $587K
23 Sanchez Gaunt Capital Management, LLC 0.23% 15,845 $364K
24 American Institute for Advanced Investment Management, LLP 0.22% 14,770 $339K
25 Composition Wealth, LLC 0.22% 690,679 $15.9M
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 (PZA)

What does the Smart Money Trend signal show for PZA?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added PZA 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 PZA?

Slight buying edge — 56% buying: Last quarter: 139 funds bought or added vs 108 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 PZA holders?

Elite ownership — 70% AUM from top-100 funds: 18 of 252 holders are among the 100 largest funds by AUM, controlling 70% of total institutional value in PZA. 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 PZA?

55% of holders stayed for 2+ years: 139 out of 252 hedge funds have held PZA 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.