INVESCO EXCH TRADED FD TR II (PZA): Hedge Fund Ownership & Smart Money Signals (Q4 2025)

INVESCO EXCH TRADED FD TR II (PZA)

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

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.

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

Metric

All 13F Filers (2025 Q4)

Prior (2025 Q3)

Change

Funds Holding

253

241

4.98%

13F Shares

101M

-0.61%

Total Value

$2.38B

$2.34B

1.6%

New Positions

-11

Increased Positions

100

+12

Closed Positions

Reduced Positions

Total Calls

-66.67%

Total Puts

PUT/CALL Ratio

0.0

Bullish

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.

FILTER:All New Added To Reduced No Change | Overweight >5% | SHOW: Active managers + show index funds

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	Petix & Botte Co	0.96%	188,478	$4.3M
12	EHRLICH FINANCIAL GROUP	0.70%	53,034	$1.2M
13	Leeward Financial Partners, LLC	0.65%	95,690	$2.2M
14	FOCUS Wealth Advisors, LLC	0.52%	46,427	$1.1M
15	Wiser Advisor Group LLC	0.46%	16,685	$383K
16	ANDERSON HOAGLAND & CO	0.45%	228,404	$5.2M
17	TRAPHAGEN INVESTMENT ADVISORS LLC	0.41%	218,296	$5.0M
18	Magnolia Private Wealth, LLC	0.40%	25,871	$595K
19	Unify Financial Advisors	0.35%	14,440	$335K
20	1900 WEALTH MANAGEMENT LLC	0.30%	202,688	$4.7M
21	Skyline Advisors, Inc.	0.27%	34,043	$782K
22	Centennial Advisors, LLC	0.27%	9,174	$211K
23	FF Advisors,LLC	0.24%	25,142	$587K
24	INVESTED ADVISORS	0.23%	10,003	$230K
25	Sanchez Gaunt Capital Management, LLC	0.23%	15,845	$364K

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.

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INVESCO EXCH TRADED FD TR II (PZA)

Smart Money Signals — PZA

Buying streak — 3 quarters in a row

At the ownership peak (100% of max)

Steady growth — +17% more funds vs a year ago

Slight buying edge — 56% buying

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

55% of holders stayed for 2+ years

Acceleration phase — new buyers rushing in

Deep conviction — 57% of holders stayed 2+ years

Elite ownership — 70% AUM from top-100 funds

Hedge Fund Ownership: PZA

Market Analysis: PZA

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: PZA

Hedge Fund Positioning: PZA

Statistics: PZA

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — INVESCO EXCH TRADED FD TR II (PZA)

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