Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Invesco Exchange Traded Fd T (SPHQ)

727 + 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
↑ +33
Streak
11Q ▲
Buyers last Q
57%

Smart Money Signals — SPHQ

Based on 737 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 11 quarters in a row

last 6Q
For 11 consecutive quarters, 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
737 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.
🚀

Fast accumulation — +23% more funds vs a year ago

fund count last 6Q
+137 new funds entered over the past year (+23% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 57% buying

367 buying276 selling
Last quarter: 367 funds bought or added vs 276 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 (-15 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 106 → 72 → 98 → 83. 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.
🔒

50% of holders stayed for 2+ years

■ 50% conviction (2yr+) ■ 30% medium ■ 21% new
365 out of 737 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 — ~83 new funds/quarter

75 → 106 → 72 → 98 → 83 new funds/Q
New funds entering each quarter: 106 → 72 → 98 → 83. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 52% veterans vs 28% newcomers

■ 52% veterans ■ 20% 1-2yr ■ 28% new
Entry-cohort mix of 739 holders: 381 (52%) are 2+ year veterans, 149 entered 1–2 years ago, and 209 (28%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 43% AUM from top-100 funds

43% from top-100 AUM funds
26 of 736 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.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — 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 — SPHQ

In 2026 Q1, 367 hedge funds were net buyers of SPHQ (83 opened a new position, 284 added to an existing one), while 276 reduced or exited (226 trimmed, 50 sold completely) — a 57% buyer ratio, indicating a slight buying edge. This marks 11 consecutive quarters of net institutional buying — a persistent conviction signal. 43% of total institutional value in SPHQ is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +33 funds (more new holders than closures). Total institutional holders: 737.

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

-- --

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

Is It Too Late to Buy Invesco Exchange Traded Fd T (SPHQ) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much SPHQ 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 · 81d ago
SPHQ
+19.1%
SPY
+15.1%

SPHQ outperformed SPY by +4.0% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 36d ago
SPHQ
+8.4%
SPY
+1.3%

Since the filing became public, SPHQ outperformed SPY by +7.1% .

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.

21 top-rated funds 38 high-conviction
Consensus
5.8
/ 10
breadth
×
Elite
3.5
/ 10
conviction
Hedge Fund Positioning: SPHQ
727 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 727 704 3.27%
13F Shares 139M 131M 6.56%
Total Value $10.33B $9.85B 4.89%
New Positions 82 98 -16
Increased Positions 282 255 +27
Closed Positions 59 53 +6
Reduced Positions 222 231 -9
Total Calls 2 2 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: SPHQ

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Financial Highlights

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Institutional Holders (2026 Q1)

727 + investors

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

QUARTER:
Top 25 SPHQ holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Independence Asset Advisors, LLC 26.70% 982,253 $73.9M
2 Clearview Wealth Management LLC 21.72% 408,328 $30.7M
3 Schwallier Wealth Management LLC 20.68% 376,496 $28.3M
4 Union Savings Bank 16.09% 488,164 $36.7M
5 Demars Financial Group, LLC 15.44% 623,705 $46.9M
6 Heritage Wealth Advisors 13.77% 4,688,734 $352.5M
7 Sierra Ocean, LLC 13.22% 214,270 $16.1M
8 Wealth Management Resources, INC. 11.48% 438,438 $33.0M
9 Paragon Capital Management Ltd 11.36% 718,982 $54.1M
10 Alvarez & Marsal Private Wealth Partners, LLC 10.10% 956,589 $71.9M
11 Tulsa Wealth Advisors, INC 9.92% 752,841 $56.6M
12 Milestone Investment Advisors LLC 9.59% 528,118 $39.7M
13 Hoese & Co LLP 9.06% 162,420 $12.2M
14 Sfmg, LLC 8.59% 1,686,924 $126.8M
15 Sterling Group Wealth Management, LLC 8.23% 231,299 $17.4M
16 Cliftonlarsonallen Wealth Advisors, LLC 8.09% 7,350,884 $552.7M
17 Family Investment Center, Inc. 7.54% 520,845 $39.2M
18 MOR Wealth Management, LLC 7.51% 217,866 $16.4M
19 Artesa Financial Group, LLC 7.51% 104,727 $7.9M
20 Cresta Advisors, Ltd. 6.97% 226,368 $17.0M
21 Northwest Financial Advisors 6.68% 46,060 $3.5M
22 Ballast, Inc. 6.53% 375,405 $28.2M
23 Burns Matteson Capital Management, LLC 5.99% 217,586 $16.4M
24 Alpine Bank Wealth Management 5.85% 535,503 $40.3M
25 Compass Ion Advisors, LLC 5.34% 745,478 $56.1M
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 Exchange Traded Fd T (SPHQ)

What does the Smart Money Trend signal show for SPHQ?

Buying streak — 11 quarters in a row: For 11 consecutive quarters, 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 — 57% buying: Last quarter: 367 funds bought or added vs 276 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: 26 of 736 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?

50% of holders stayed for 2+ years: 365 out of 737 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.

Is it too late to buy Invesco Exchange Traded Fd T (SPHQ) following the 2026 Q1 hedge fund 13F filings?

As of today, SPHQ has moved +8.4% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.3% for the SPY sector ETF — an outperformance of +7.1%. Since the quarter end (March 31, 2026), SPHQ has gained +19.1% 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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