Invesco KBW Bank ETF

KBWB • NASDAQ

Invesco KBW Bank ETF is an exchange-traded fund on NASDAQ. As of Q3 2025, 253 institutional investors hold shares in this ETF, with total holdings valued at $4.5B. BANK OF AMERICA CORP /DE/ is the largest holder with a position valued at $967.1M.

Overview

Overview of institutional ownership in KBWB as of Q3 2025

All Institutions

Institutions: 253
Value Held: $4.5B
Shares Held: 57.2M
Avg Position: $17.7M
Median Position: $568.6K

Hedge Funds

Hedge Funds: 12
Value Held: $117.8M
Shares Held: 1.5M
Avg Position: $9.8M
Median Position: $1.1M

Biggest Investors

Institutions with the largest positions in KBWB as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$967.1M 0.07% of portfolio	12.4M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$486.1M 0.03% of portfolio	6.2M shares	Q2 2017 Held for 8y 5m	$1.56T
H Harel Insurance Investments & Financial Services Ltd. Institution	-	$326.7M 3.32% of portfolio	4.2M shares	Q4 2021 Held for 3y 11m	$9.8B
C Clal Insurance Enterprises Holdings Ltd Institution	-	$301.6M 2.57% of portfolio	3.9M shares	Q1 2024 Held for 1y 8m	$11.7B
M Migdal Insurance & Financial Holdings Ltd. Institution	-	$288.8M 3.67% of portfolio	3.7M shares	Q3 2023 Held for 2y 2m	$7.9B
F Fisher Asset Management, LLC Institution	-	$255.4M 0.09% of portfolio	3.3M shares	Q3 2022 Held for 3y 2m	$276.29B
MENORA MIVTACHIM HOLDINGS LTD. Private Equity	Edward Joseph Keefe CFO	$241.6M 1.23% of portfolio	3.1M shares	Q1 2025 Held for 8 months	$19.7B
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$212.4M 0.03% of portfolio	2.7M shares	≤ Q2 2013 Held for 12y 5m+	$691.34B
Wharton Business Group, LLC RIA/Wealth	Billy Joe Webster CCO	$143.4M 6.28% of portfolio	1.8M shares	≤ Q2 2013 Held for 12y 5m+	$2.3B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$127.5M 0.01% of portfolio	1.6M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T

Net Capital Flow

Institutional buying and selling activity for KBWB in Q3 2025

Traded: +$418.6M
Buyers: 136
Sellers: 95
Total Bought: +$863.5M
Total Sold: −$444.9M
Avg Position: $16.0M

Biggest Buyers

Institution	Net Bought	Current Position
JPMORGAN CHASE & CO Institution	+$212.1M +2.7M shares	$486.1M 6.2M shares
H Harel Insurance Investments & Financial Services Ltd. Institution	+$149.0M +1.9M shares	$326.7M 4.2M shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$91.4M +1.2M shares	$94.9M 1.2M shares
T TEMASEK HOLDINGS LTD Institution	+$83.6M +1.1M shares	$83.6M 1.1M shares
A Advisor Group Holdings, Inc. Institution	+$54.5M +696.7K shares	$57.6M 736.4K shares
MEITAV DASH INVESTMENTS LTD RIA/Wealth	+$44.5M +570.0K shares	$47.6M 610.5K shares
MORGAN STANLEY RIA/Wealth	+$40.8M +521.2K shares	$127.5M 1.6M shares
F Fisher Asset Management, LLC Institution	+$21.4M +273.7K shares	$255.4M 3.3M shares
Marks Wealth, LLC RIA/Wealth	+$17.0M +217.5K shares	$17.0M 217.5K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	+$16.2M +207.1K shares	$16.6M 212.1K shares

Biggest Sellers

Institution	Net Sold	Current Position
M Migdal Insurance & Financial Holdings Ltd. Institution	−$148.8M −1.9M shares	$288.8M 3.7M shares
CITIGROUP INC Institution	−$41.8M −534.5K shares	$16.5M 210.4K shares
C Clal Insurance Enterprises Holdings Ltd Institution	−$40.2M −514.0K shares	$301.6M 3.9M shares
BANK OF AMERICA CORP /DE/ Institution	−$36.4M −465.6K shares	$967.1M 12.4M shares
SCHRODER INVESTMENT MANAGEMENT GROUP RIA/Wealth	−$23.0M −322.9K shares	Sold Off 0 shares
B BNP PARIBAS ARBITRAGE, SA Institution	−$22.9M −319.8K shares	Sold Off 0 shares
GOLDMAN SACHS GROUP INC Institution	−$17.6M −225.0K shares	$212.4M 2.7M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$15.8M −202.3K shares	$4.0M 50.8K shares
ALTFEST L J & CO INC RIA/Wealth	−$12.1M −169.6K shares	Sold Off 0 shares
F FIDUCIARY TRUST CO Institution	−$11.6M −148.9K shares	$60.8M 777.2K shares

Entry and Exit Activity

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

New Positions: 31
New Value: $48.9M
Exited Positions: 27
Exited Value: $78.4M

New Positions

Institution	Position Value
Marks Wealth, LLC RIA/Wealth	$17.0M 217.5K shares
Mivtachim The Workers Social Insurance Fund Ltd. Private Equity	$9.9M 127.0K shares
S Silphium Asset Management Ltd Institution	$4.0M 51.5K shares
V Vermillion & White Wealth Management Group, LLC RIA/Wealth	$3.9M 50.0K shares
W WILEY BROS.-AINTREE CAPITAL, LLC Institution	$3.8M 48.4K shares
I IPG Investment Advisors LLC RIA/Wealth	$3.1M 40.2K shares
Independent Advisor Alliance RIA/Wealth	$1.0M 12.9K shares
E Ensign Peak Advisors, Inc Institution	$767.2K 9.8K shares
C CIBC World Markets Inc. Institution	$685.3K 8.8K shares
B BENJAMIN EDWARDS INC Institution	$635.1K 8.1K shares

Exited Positions

Institution	Previous Position
SCHRODER INVESTMENT MANAGEMENT GROUP RIA/Wealth	$23.0M 322.9K shares
B BNP PARIBAS ARBITRAGE, SA Institution	$22.9M 319.8K shares
ALTFEST L J & CO INC RIA/Wealth	$12.1M 169.6K shares
N Nan Shan Life Insurance Co., Ltd. Institution	$7.1M 99.7K shares
PRINCIPAL FINANCIAL GROUP INC Institution	$3.9M 55.0K shares
Helix Partners Management LP Hedge Fund•Distressed	$2.5M 35.0K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$2.2M 30.2K shares
Q Quantitative Investment Management, LLC Hedge Fund•Quant Macro	$1.1M 15.4K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$1.1M 14.8K shares
Advisor Resource Council RIA/Wealth	$675.6K 9.4K shares

Options Activity

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

Call Positions: 8
Call Value: $39.8M
Put Positions: 4
Put Value: $26.4M

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$18.3M 2.3K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$17.9M 2.3K contracts
J JANE STREET GROUP, LLC Institution	$3.2M 403.0 contracts
W WOLVERINE TRADING, LLC Institution	$402.8K 51.0 contracts
BOOTHBAY FUND MANAGEMENT, LLC Fund of Funds	- - contracts
UBS Group AG Institution	- - contracts
Ulysses Management LLC Hedge Fund•Multi-Strategy	- - contracts
A Avanda Investment Management Pte. Ltd. Institution	- - contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$17.8M 2.3K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$8.2M 1.0K contracts
J JANE STREET GROUP, LLC Institution	$359.8K 46.0 contracts
HighTower Advisors, LLC RIA/Wealth	$4.5K 10.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Wharton Business Group, LLC RIA/Wealth	Billy Joe Webster CCO	6.28% $143.4M	1.8M shares	≤ Q2 2013 Held for 12y 5m+	$2.3B
Marks Wealth, LLC RIA/Wealth	Charles Marks CEO	5.25% $17.0M	217.5K shares	Q3 2025 Held for 2 months	$323.7M
R RFG HOLDINGS, INC. Institution	-	4.03% $15.6M	199.9K shares	Q3 2023 Held for 2y 2m	$387.6M
Guardian Partners Inc. RIA/Wealth	Thibault Basquin Member	3.77% $44.8M	581.3K shares	Q4 2024 Held for 11 months	$1.2B
M Migdal Insurance & Financial Holdings Ltd. Institution	-	3.67% $288.8M	3.7M shares	Q3 2023 Held for 2y 2m	$7.9B
H Harel Insurance Investments & Financial Services Ltd. Institution	-	3.32% $326.7M	4.2M shares	Q4 2021 Held for 3y 11m	$9.8B
C Clal Insurance Enterprises Holdings Ltd Institution	-	2.57% $301.6M	3.9M shares	Q1 2024 Held for 1y 8m	$11.7B
V Vermillion & White Wealth Management Group, LLC RIA/Wealth	Philip Nordell Carey CEO	2.54% $3.9M	50.0K shares	Q3 2025 Held for 2 months	$154.2M
SOL Capital Management CO RIA/Wealth	Rajmiel Odinec CEO	2.06% $20.8M	265.5K shares	≤ Q2 2013 Held for 12y 5m+	$1.0B
Delos Wealth Advisors, LLC RIA/Wealth	Cody Lee Lummus CEO	1.88% $2.8M	35.5K shares	Q1 2024 Held for 1y 8m	$148.1M