Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

INVESCO EXCHANGE TRADED FD T (SPHQ)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +42
Streak
1Q ▲
Buyers last Q
55%

Smart Money Signals — SPHQ

Based on 657 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added SPHQ 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
657 hedge funds hold SPHQ 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 — +19% more funds vs a year ago

fund count last 6Q
+103 new funds entered over the past year (+19% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 55% buying

329 buying272 selling
Last quarter: 329 funds bought or added vs 272 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.
📈

More new buyers each quarter (+28 vs last Q)

new funds entering per quarter
Funds opening a new SPHQ position: 71 → 98 → 65 → 93. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

51% of holders stayed for 2+ years

■ 51% conviction (2yr+) ■ 27% medium ■ 22% new
336 out of 657 hedge funds have held SPHQ 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.
➡️

Steady discovery — ~93 new funds/quarter

86 → 71 → 98 → 65 → 93 new funds/Q
New funds entering each quarter: 71 → 98 → 65 → 93. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 51% of holders stayed 2+ years

■ 51% veterans ■ 19% 1-2yr ■ 30% new
Of 657 current holders: 338 (51%) 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 — 43% AUM from top-100 funds

43% from top-100 AUM funds
20 of 657 holders are among the 100 largest funds by AUM, controlling 43% of total institutional value in SPHQ. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — 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: SPHQ

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

Market Analysis: SPHQ

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: SPHQ

-- --
Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

41 top-rated funds 27 high-conviction
Consensus
7.0
/ 10
breadth
×
Elite
4.1
/ 10
conviction
Hedge Fund Positioning: SPHQ
2026 Q1 Stats Unlock in 20 days 657 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 657 618 6.31%
13F Shares 128M 129M -0.95%
Total Value $9.64B $9.82B -1.82%
New Positions 93 66 +27
Increased Positions 236 258 -22
Closed Positions 51 65 -14
Reduced Positions 222 184 +38
Total Calls 2 2 -
Total Puts 0 1 -100.0%
PUT/CALL Ratio 0.0 0.5 Bullish

Statistics: SPHQ

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
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Institutional Holders (2026 Q1)

657 + investors

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

Top 25 institutional holders of SPHQ — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Independence Asset Advisors, LLC 26.70% 982,253 $73.9M
2 UNION SAVINGS BANK 16.09% 488,164 $36.7M
3 Demars Financial Group, LLC 15.44% 623,705 $46.9M
4 SIERRA OCEAN, LLC 13.22% 214,270 $16.1M
5 WEALTH MANAGEMENT RESOURCES, INC. 11.48% 438,438 $33.0M
6 Paragon Capital Management Ltd 11.36% 718,982 $54.1M
7 Hoese & Co LLP 9.06% 162,420 $12.2M
8 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 8.09% 7,350,884 $552.7M
9 Family Investment Center, Inc. 7.54% 520,845 $39.2M
10 MOR Wealth Management, LLC 7.51% 217,866 $16.4M
11 Artesa Financial Group, LLC 7.51% 104,727 $7.9M
12 Cresta Advisors, Ltd. 6.97% 226,368 $17.0M
13 Northwest Financial Advisors 6.68% 46,060 $3.5M
14 Alpine Bank Wealth Management 5.85% 535,503 $40.3M
15 Compass Ion Advisors, LLC 5.34% 745,478 $56.1M
16 Vigilare Wealth Management 5.31% 209,004 $15.7M
17 Lynx Investment Advisory 5.23% 145,458 $10.9M
18 Integrity Investment Advisors, LLC 5.08% 124,695 $9.4M
19 OakTrust Wealth Advisors, LLC 5.03% 73,429 $5.5M
20 Wealth Enhancement Trust Services, Inc. 3.89% 427,847 $32.2M
21 Family Capital Management, Inc. 3.60% 107,561 $8.1M
22 SYKON CAPITAL LLC 3.56% 142,099 $10.7M
23 CAPSTONE WEALTH MANAGEMENT GROUP, LLC 3.54% 112,312 $8.4M
24 Fortune Financial Group, Inc. 3.33% 49,185 $3.7M
25 Evensky & Katz LLC 3.32% 775,144 $58K
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 EXCHANGE TRADED FD T (SPHQ)

What does the Smart Money Trend signal show for SPHQ?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added SPHQ 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 SPHQ?

Slight buying edge — 55% buying: Last quarter: 329 funds bought or added vs 272 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 SPHQ holders?

Elite ownership — 43% AUM from top-100 funds: 20 of 657 holders are among the 100 largest funds by AUM, controlling 43% of total institutional value in SPHQ. 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 SPHQ?

51% of holders stayed for 2+ years: 336 out of 657 hedge funds have held SPHQ 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.