Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Invesco Exch Traded Fd Tr II (SPHD)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +10
Streak
2Q ▲
Buyers last Q
57%

Smart Money Signals — SPHD

Based on 344 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added SPHD 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 (99% of max)

99% of all-time peak
344 hedge funds hold SPHD 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.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding SPHD is almost the same as a year ago (+10 funds, +3% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 57% buying

173 buying132 selling
Last quarter: 173 funds bought or added vs 132 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 — ~44 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 28 → 34 → 49 → 44. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

63% of holders stayed for 2+ years

■ 63% conviction (2yr+) ■ 19% medium ■ 18% new
216 out of 344 hedge funds have held SPHD 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

36 → 28 → 34 → 49 → 44 new funds/Q
New funds entering each quarter: 28 → 34 → 49 → 44. A growing number of institutions are discovering SPHD each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 65% veterans vs 21% newcomers

■ 65% veterans ■ 14% 1-2yr ■ 21% new
Entry-cohort mix of 350 holders: 229 (65%) are 2+ year veterans, 48 entered 1–2 years ago, and 73 (21%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 45% AUM from top-100 funds

45% from top-100 AUM funds
25 of 343 holders are among the 100 largest funds by AUM, controlling 45% of total institutional value in SPHD. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.5
out of 10
Low Exit Risk
Exit risk score 3.5/10 — 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 — SPHD

In 2026 Q1, 173 hedge funds were net buyers of SPHD (44 opened a new position, 129 added to an existing one), while 132 reduced or exited (98 trimmed, 34 sold completely) — a 57% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. 45% of total institutional value in SPHD is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +10 funds (more new holders than closures). Total institutional holders: 344.

Hedge Fund Ownership: SPHD

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

Market Analysis: SPHD

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: SPHD

-- --

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

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

Signal Freshness measures how much SPHD 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 · 82d ago
SPHD
+0.7%
SPY
+15.1%

SPHD outperformed SPY by -14.4% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 37d ago
SPHD
+2.2%
SPY
+1.3%

Since the filing became public, SPHD outperformed SPY by +0.9% .

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.

13 top-rated funds 4 high-conviction
Consensus
5.0
/ 10
breadth
×
Elite
3.0
/ 10
conviction
Hedge Fund Positioning: SPHD
339 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 339 334 1.5%
13F Shares 22M 21M 3.6%
Total Value $1.05B $1.00B 5.06%
New Positions 41 49 -8
Increased Positions 127 110 +17
Closed Positions 36 38 -2
Reduced Positions 96 105 -9
Total Calls 3 3 -
Total Puts 3 2 50.0%
PUT/CALL Ratio 1.0 0.67 Neutral

Statistics: SPHD

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Institutional Holders (2026 Q1)

339 + investors

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

QUARTER:
Top 25 SPHD holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Fortune Financial Group, Inc. 6.23% 139,568 $6.9M
2 Advocate Investing Services LLC 3.72% 88,457 $4.4M
3 Financial Discovery Group Inc 2.65% 22,839 $1.1M
4 Stonebridge Wealth Management, LLC 2.35% 49,481 $2.5M
5 Delos Wealth Advisors, LLC 2.32% 81,793 $4.1M
6 WJ Financial Advisors LLC 2.03% 50,758 $2.5M
7 Fusion Capital, LLC 1.80% 134,580 $6.7M
8 Lynx Investment Advisory 1.65% 69,783 $3.5M
9 Chris Bulman Inc 1.59% 73,280 $3.6M
10 Portland Financial Advisors Inc 1.50% 14,527 $721K
11 Pinnacle Wealth Management Group, Inc. 1.47% 60,234 $3.0M
12 Winter & Associates, Inc. 1.38% 31,630 $1.6M
13 Leelyn Smith, LLC 1.23% 176,553 $8.8M
14 Brookstone Capital Management 1.20% 2,113,628 $104.9M
15 Viawealth, LLC 1.10% 39,847 $2.0M
16 Fortis Group Advisors, LLC 1.07% 128,373 $6.5M
17 David Kennon Inc 1.03% 57,817 $2.9M
18 LM Advisors LLC 0.90% 2,832 $57K
19 XML Financial, LLC 0.90% 224,691 $11.1M
20 Prostatis Group LLC 0.84% 66,050 $3.3M
21 Avidian Wealth Enterprises, LLC 0.74% 468,957 $23.3M
22 Greenberg Financial Group 0.73% 35,618 $1.8M
23 Northside Capital Management, LLC 0.58% 132,885 $6.6M
24 Colonial River Investments, LLC 0.57% 32,283 $1.6M
25 Estate Counselors, LLC 0.54% 123,070 $6.1M
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 (SPHD)

What does the Smart Money Trend signal show for SPHD?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added SPHD 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 SPHD?

Slight buying edge — 57% buying: Last quarter: 173 funds bought or added vs 132 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 SPHD holders?

Elite ownership — 45% AUM from top-100 funds: 25 of 343 holders are among the 100 largest funds by AUM, controlling 45% of total institutional value in SPHD. 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 SPHD?

63% of holders stayed for 2+ years: 216 out of 344 hedge funds have held SPHD 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 (SPHD) following the 2026 Q1 hedge fund 13F filings?

As of today, SPHD has moved +2.2% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.3% for the SPY sector ETF — an outperformance of +0.9%. Since the quarter end (March 31, 2026), SPHD has gained +0.7% 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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