Invesco BulletShares 2028 Corporate Bond

BSCS • NASDAQ

Invesco BulletShares 2028 Corporate Bond is an exchange-traded fund on NASDAQ. As of Q3 2025, 328 institutional investors hold shares in this ETF, with total holdings valued at $2.1B. MORGAN STANLEY is the largest holder with a position valued at $163.7M.

Overview

Overview of institutional ownership in BSCS as of Q3 2025

All Institutions

Institutions: 328
Value Held: $2.1B
Shares Held: 101.4M
Avg Position: $6.4M
Median Position: $1.0M

Hedge Funds

Hedge Funds: 1
Value Held: $4.5M
Shares Held: 220.8K
Avg Position: $4.5M
Median Position: $4.5M

Biggest Investors

Institutions with the largest positions in BSCS as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$163.7M 0.01% of portfolio	8.0M shares	Q3 2019 Held for 6y 2m	$1.65T
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$152.1M 0.03% of portfolio	7.4M shares	Q4 2018 Held for 6y 11m	$488.50B
RAYMOND JAMES FINANCIAL INC RIA/Wealth	Steven Robert Marcus CEO	$117.8M 0.04% of portfolio	5.7M shares	Q4 2024 Held for 11 months	$310.43B
L LPL Financial LLC Institution	-	$108.8M 0.03% of portfolio	5.3M shares	Q1 2020 Held for 5y 8m	$340.07B
Lido Advisors, LLC RIA/Wealth	Jason Jay Ozur CEO	$103.6M 0.43% of portfolio	5.0M shares	Q1 2023 Held for 2y 8m	$24.2B
TruWealth Advisors, LLC RIA/Wealth	Charles Lee Simmons CEO	$90.2M 4.56% of portfolio	4.4M shares	Q4 2022 Held for 2y 11m	$2.0B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$71.8M 0.01% of portfolio	3.5M shares	Q3 2018 Held for 7y 2m	$1.33T
UBS Group AG Institution	Sergio P. Ermotti CEO	$62.8M 0.01% of portfolio	3.1M shares	Q1 2019 Held for 6y 8m	$511.54B
Hartland & Co., LLC RIA/Wealth	Bradley David Knapp CEO	$58.9M 0.86% of portfolio	2.9M shares	Q2 2024 Held for 1y 5m	$6.8B
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$50.0M 0.01% of portfolio	2.4M shares	Q4 2021 Held for 3y 11m	$633.08B

Net Capital Flow

Institutional buying and selling activity for BSCS in Q3 2025

Traded: +$97.4M
Buyers: 222
Sellers: 71
Total Bought: +$178.4M
Total Sold: −$81.0M
Avg Position: $6.1M

Biggest Buyers

Institution	Net Bought	Current Position
S SNS Financial Group, LLC Institution	+$15.0M +728.1K shares	$18.9M 918.1K shares
MORGAN STANLEY RIA/Wealth	+$11.5M +560.1K shares	$163.7M 8.0M shares
L LPL Financial LLC Institution	+$10.4M +505.2K shares	$108.8M 5.3M shares
W WILEY BROS.-AINTREE CAPITAL, LLC Institution	+$10.1M +493.1K shares	$14.8M 717.1K shares
UBS Group AG Institution	+$8.2M +397.1K shares	$62.8M 3.1M shares
Union Bankshares Corp Institution	+$7.8M +381.0K shares	$8.5M 415.4K shares
Summit Financial, LLC RIA/Wealth	+$7.6M +370.0K shares	$7.6M 370.0K shares
JPMORGAN CHASE & CO Institution	+$6.8M +330.2K shares	$6.8M 330.7K shares
Invesco Ltd. ETF Provider	+$5.6M +273.5K shares	$50.0M 2.4M shares
Sterling Financial Group, Inc. RIA/Wealth	+$5.1M +246.9K shares	$20.1M 977.0K shares

Biggest Sellers

Institution	Net Sold	Current Position
M Motley Fool Wealth Management, LLC Institution	−$20.3M −986.8K shares	$4.8M 234.4K shares
Siligmueller & Norvid Wealth Advisors LLC RIA/Wealth	−$18.7M −915.0K shares	Sold Off 0 shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$13.6M −665.4K shares	Sold Off 0 shares
Lido Advisors, LLC RIA/Wealth	−$4.9M −238.1K shares	$103.6M 5.0M shares
T TABLEAUX LLC Institution	−$4.8M −133.9K shares	Sold Off 0 shares
GUARDIAN WEALTH ADVISORS, LLC / NC RIA/Wealth	−$2.6M −124.2K shares	$1.2M 57.4K shares
Aptus Capital Advisors, LLC ETF Provider	−$2.5M −121.4K shares	$1.7M 83.9K shares
F FLOW TRADERS U.S. LLC Institution	−$1.6M −78.3K shares	Sold Off 0 shares
Carmel Capital Partners, LLC Hedge Fund•Value	−$1.4M −70.1K shares	$4.5M 220.8K shares
HighTower Advisors, LLC RIA/Wealth	−$1.4M −69.5K shares	$2.2M 109.0K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited BSCS in Q3 2025

New Positions: 24
New Value: $12.6M
Exited Positions: 15
Exited Value: $41.5M

New Positions

Institution	Position Value
Summit Financial, LLC RIA/Wealth	$7.6M 370.0K shares
C Cornerstone Wealth Management, LLC RIA/Wealth	$425.1K 20.7K shares
Strategic Family Wealth Counselors, L.L.C. RIA/Wealth	$418.4K 20.3K shares
Diversify Advisory Services, LLC RIA/Wealth	$382.8K 18.6K shares
Wealth Quarterback LLC RIA/Wealth	$376.3K 18.3K shares
Evanson Asset Management, LLC RIA/Wealth	$341.1K 16.6K shares
Axis Wealth Partners, LLC RIA/Wealth	$295.7K 14.4K shares
Well Done, LLC RIA/Wealth	$262.7K 12.8K shares
PREVAIL INNOVATIVE WEALTH ADVISORS, LLC RIA/Wealth	$258.6K 12.6K shares
Valmark Advisers, Inc. RIA/Wealth	$258.2K 12.6K shares

Exited Positions

Institution	Previous Position
Siligmueller & Norvid Wealth Advisors LLC RIA/Wealth	$18.7M 915.0K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$13.6M 665.4K shares
T TABLEAUX LLC Institution	$4.8M 133.9K shares
F FLOW TRADERS U.S. LLC Institution	$1.6M 78.3K shares
Eqis Capital Management, Inc. RIA/Wealth	$993.6K 48.5K shares
Summit Investment Advisory Services, LLC RIA/Wealth	$590.5K 28.8K shares
L Leo Wealth, LLC Institution	$290.5K 14.2K shares
Duncan Williams Asset Management, LLC RIA/Wealth	$226.4K 11.0K shares
KICKSTAND VENTURES, LLC. RIA/Wealth	$226.4K 11.0K shares
THRIVENT FINANCIAL FOR LUTHERANS Insurance Manager	$213.8K 10.4K shares

Options Activity

Institutions with the largest Call and Put options positions in BSCS as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with BSCS as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Sterling Financial Group, Inc. RIA/Wealth	Michael Patrick Hatch President	6.38% $20.1M	977.0K shares	Q2 2023 Held for 2y 5m	$314.8M
G GPM Growth Investors, Inc. RIA/Wealth	Timothy Griffin President	5.28% $13.7M	666.9K shares	Q2 2024 Held for 1y 5m	$259.9M
TLWM RIA/Wealth	Enzo Thomas Pellegrino CCO	5.08% $28.3M	1.4M shares	Q1 2021 Held for 4y 8m	$556.4M
L Ledgewood Wealth Advisors, LLC RIA/Wealth	Lawrence Edward Sarkozy COO	4.94% $8.3M	401.5K shares	Q4 2023 Held for 1y 11m	$167.3M
TruWealth Advisors, LLC RIA/Wealth	Charles Lee Simmons CEO	4.56% $90.2M	4.4M shares	Q4 2022 Held for 2y 11m	$2.0B
MANCHESTER FINANCIAL INC RIA/Wealth	Robert James Katch President	4.12% $20.4M	992.1K shares	Q1 2025 Held for 8 months	$495.4M
Wilkins Miller Wealth Management, LLC RIA/Wealth	Greg Alan Bowen CCO	4.02% $6.5M	316.8K shares	Q4 2024 Held for 11 months	$161.5M
Goepper Burkhardt LLC RIA/Wealth	John Bland Burkhardt Managing Partner	3.63% $10.7M	518.1K shares	Q4 2022 Held for 2y 11m	$293.4M
Sound Stewardship, LLC RIA/Wealth	Matthew Johnne Syverson Member	3.63% $7.6M	367.7K shares	Q3 2024 Held for 1y 2m	$208.4M
Farnam Financial LLC RIA/Wealth	Jonathan David Bird Member	3.55% $4.6M	222.0K shares	Q3 2024 Held for 1y 2m	$128.7M

Hedge Fund Spotlight

Discover hedge funds investing in BSCS

Carmel Capital Partners, LLC

Hedge Fund • Value

Portfolio ManagerRussell Gavin Silberstein

Portfolio Value: $239.6M
Positions: 105
Last Reported: Q3 2025

Sector Allocation

Position in Invesco BulletShares 2028 Corporate Bond

Market Value: $4.5M
Shares Held: 220.8K
Portfolio Weight: 1.89%
Owned Since: 2022-Q3

Top Holding	Sector	Market Value	Weight
1 Home Depot HD	Home Improvement Consumer Cyclical	$32.1M	13.39%
2 WisdomTree Floating Rate Treasury Fund USFR	ETF ETF	$27.2M	11.33%
3 Palantir Technologies Inc. PLTR	Software - Infrastructure Technology	$20.7M	8.63%