Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Invesco Exch Traded Fd Tr II (SPHD)

353 + 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
↑ +15
Streak
3Q ▲
Buyers last Q
57%

Smart Money Signals — SPHD

Based on 359 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 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 (100% of max)

100% of all-time peak
359 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.
📶

Steady growth — +9% more funds vs a year ago

fund count last 6Q
+29 new funds entered over the past year (+9% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 57% buying

183 buying138 selling
Last quarter: 183 funds bought or added vs 138 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 — ~48 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 34 → 49 → 44 → 48. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

64% of holders stayed for 2+ years

■ 64% conviction (2yr+) ■ 18% medium ■ 19% new
228 out of 359 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

29 → 34 → 49 → 44 → 48 new funds/Q
New funds entering each quarter: 34 → 49 → 44 → 48. 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 22% newcomers

■ 65% veterans ■ 13% 1-2yr ■ 22% new
Entry-cohort mix of 365 holders: 239 (65%) are 2+ year veterans, 47 entered 1–2 years ago, and 79 (22%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 47% AUM from top-100 funds

47% from top-100 AUM funds
28 of 358 holders are among the 100 largest funds by AUM, controlling 47% 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.
3.6
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 — SPHD

In 2026 Q2, 183 hedge funds were net buyers of SPHD (48 opened a new position, 135 added to an existing one), while 138 reduced or exited (105 trimmed, 33 sold completely) — a 57% buyer ratio, indicating a slight buying edge. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 47% of total institutional value in SPHD is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +15 funds (more new holders than closures). Total institutional holders: 359.

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

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

7 top-rated funds 4 high-conviction
Consensus
3.9
/ 10
breadth
×
Elite
3.1
/ 10
conviction
Hedge Fund Positioning: SPHD
353 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 353 344 2.62%
13F Shares 22M 22M -2.24%
Total Value $1.07B $1.06B 0.9%
New Positions 47 44 +3
Increased Positions 132 128 +4
Closed Positions 37 35 +2
Reduced Positions 102 97 +5
Total Calls 3 3 -
Total Puts 3 3 -
PUT/CALL Ratio 1.0 1.0 Neutral

Statistics: SPHD

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Institutional Holders (2026 Q2)

353 + 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 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Gilbert Capital Group, Inc. 4.12% 115,617 $5.9M
2 Financial Discovery Group Inc 3.73% 34,451 $1.8M
3 Advocate Investing Services LLC 3.71% 94,662 $4.8M
4 Surience Private Wealth LLC 3.01% 67,334 $3.4M
5 Delos Wealth Advisors, LLC 2.24% 86,027 $4.4M
6 Stonebridge Wealth Management, LLC 2.19% 48,218 $2.5M
7 Fortune Financial Group, Inc. 2.14% 53,802 $2.7M
8 WJ Financial Advisors LLC 1.96% 52,496 $2.7M
9 Pinnacle Wealth Management Group, Inc. 1.45% 61,144 $3.1M
10 Portland Financial Advisors Inc 1.35% 14,527 $739K
11 Chris Bulman Inc 1.24% 67,003 $3.4M
12 Fig Financial Advisory Services Inc /Adv 1.20% 36,392 $1.8M
13 Brookstone Capital Management 1.14% 2,247,099 $114.2M
14 Viawealth, LLC 1.06% 41,524 $2.1M
15 Fortis Group Advisors, LLC 1.00% 123,500 $6.3M
16 David Kennon Inc 0.94% 56,137 $2.9M
17 Prostatis Group LLC 0.91% 77,276 $3.9M
18 Lynx Investment Advisory 0.88% 53,053 $2.7M
19 XML Financial, LLC 0.86% 232,722 $11.8M
20 Strategic Financial Concepts, LLC 0.82% 54,294 $2.8M
21 Safe Harbor Fiduciary, LLC 0.78% 19,577 $995K
22 Avidian Wealth Enterprises, LLC 0.67% 477,457 $24.3M
23 Greenberg Financial Group 0.66% 34,983 $1.8M
24 Colonial River Investments, LLC 0.58% 39,986 $2.0M
25 Northside Capital Management, LLC 0.55% 132,885 $6.8M
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 — 3 quarters in a row: For 3 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: 183 funds bought or added vs 138 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 — 47% AUM from top-100 funds: 28 of 358 holders are among the 100 largest funds by AUM, controlling 47% 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?

64% of holders stayed for 2+ years: 228 out of 359 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.

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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