Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Invesco Exch Traded Fd Tr II (PZT)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -3
Streak
2Q ▼
Buyers last Q
52%

Smart Money Signals — PZT

Based on 43 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their PZT positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 91% of 3.0Y peak

91% of all-time peak
43 funds currently hold this stock — 91% of the 3.0-year high of 47 funds (reached 2025 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +10% more funds vs a year ago

fund count last 6Q
+4 new funds entered over the past year (+10% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 52% buying

24 buying22 selling
Last quarter: 24 funds bought or added vs 22 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 — ~5 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 5 → 8 → 4 → 5. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

58% of holders stayed for 2+ years

■ 58% conviction (2yr+) ■ 26% medium ■ 16% new
25 out of 43 hedge funds have held PZT 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

4 → 5 → 8 → 4 → 5 new funds/Q
New funds entering each quarter: 5 → 8 → 4 → 5. PZT is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 67% veterans vs 16% newcomers

■ 67% veterans ■ 16% 1-2yr ■ 16% new
Entry-cohort mix of 43 holders: 29 (67%) are 2+ year veterans, 7 entered 1–2 years ago, and 7 (16%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 35% AUM from major funds

35% from top-100 AUM funds
13 of 43 holders rank in the top 100 by AUM, accounting for 35% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.0
out of 10
Low Exit Risk
Exit risk score 3.0/10 — 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 — PZT

In 2026 Q1, 24 hedge funds were net buyers of PZT (5 opened a new position, 19 added to an existing one), while 22 reduced or exited (14 trimmed, 8 sold completely) — a 52% buyer ratio, indicating a slight buying edge. Net selling has persisted for two consecutive quarters. 35% of total institutional value in PZT is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -3 funds (more exits than new entries). Total institutional holders: 43.

Hedge Fund Ownership: PZT

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

Market Analysis: PZT

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PZT

-- --

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

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

Signal Freshness measures how much PZT 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
PZT
+2.5%
SPY
+15.1%

PZT outperformed SPY by -12.6% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 38d ago
PZT
+1.8%
SPY
+1.3%

Since the filing became public, PZT outperformed SPY by +0.5% .

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.

3 top-rated funds 0 high-conviction
Consensus
2.6
/ 10
breadth
×
Elite
0.5
/ 10
conviction
Hedge Fund Positioning: PZT
43 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 43 46 -6.52%
13F Shares 2M 3M -9.95%
Total Value $50M $56M -12.0%
New Positions 5 4 +1
Increased Positions 19 22 -3
Closed Positions 8 5 +3
Reduced Positions 14 13 +1
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: PZT

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Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

43 + investors

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

QUARTER:
Top 25 PZT holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 American Financial & Tax Strategies Inc 0.82% 76,674 $1.7M
2 Note Advisors, LLC 0.81% 73,198 $1.6M
3 Hennion & Walsh Asset Management, Inc. 0.23% 314,685 $6.9M
4 Mustico Financial Group, INC. 0.17% 11,158 $250K
5 Godfrey Financial Associates, Inc. 0.16% 8,547 $189K
6 Tortoise Investment Management, LLC 0.11% 62,592 $1.4M
7 Mcdonald Partners LLC 0.06% 12,342 $272K
8 Sax Wealth Advisors, LLC 0.05% 41,676 $930K
9 Composition Wealth, LLC 0.03% 104,884 $2.3M
10 Guggenheim Capital LLC 0.03% 160,963 $3.6M
11 Cascade Financial Partners, LLC 0.02% 10,312 $228K
12 Stratos Wealth Partners, LTD. 0.01% 42,504 $938K
13 Belpointe Asset Management LLC 0.01% 10,666 $235K
14 Old Mission Capital LLC 0.01% 23,320 $515K
15 EP Wealth Advisors, LLC 0.01% 70,770 $1.6M
16 HighTower Advisors, LLC 0.01% 241,844 $5.3M
17 Gerber Kawasaki Wealth & Investment Management 0.01% 7,921 $175K
18 Mml Investors Services, LLC 0.00% 35,758 $789K
19 Root Financial Partners, LLC 0.00% 2,055 $45K
20 Commonwealth Equity Services, LLC 0.00% 52,519 $1.2M
21 Kestra Advisory Services, LLC 0.00% 17,694 $391K
22 Cetera Investment Advisers 0.00% 49,531 $1.1M
23 GAMMA Investing LLC 0.00% 1,079 $24K
24 LPL Financial LLC 0.00% 170,178 $3.8M
25 Wealthfront Advisers LLC 0.00% 14,680 $324K
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 (PZT)

What does the Smart Money Trend signal show for PZT?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their PZT 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 PZT?

Slight buying edge — 52% buying: Last quarter: 24 funds bought or added vs 22 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 PZT holders?

Strong quality — 35% AUM from major funds: 13 of 43 holders rank in the top 100 by AUM, accounting for 35% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held PZT?

58% of holders stayed for 2+ years: 25 out of 43 hedge funds have held PZT 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 (PZT) following the 2026 Q1 hedge fund 13F filings?

As of today, PZT has moved +1.8% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.3% for the SPY sector ETF — an outperformance of +0.5%. Since the quarter end (March 31, 2026), PZT has gained +2.5% 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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