Invesco WilderHill Clean Energy

PBW • ARCA

Invesco WilderHill Clean Energy is an exchange-traded fund on ARCA. As of Q3 2025, 130 institutional investors hold shares in this ETF, with total holdings valued at $138.5M. MORGAN STANLEY is the largest holder with a position valued at $27.7M.

Overview

Overview of institutional ownership in PBW as of Q3 2025

All Institutions

Institutions: 130
Value Held: $138.5M
Shares Held: 4.8M
Avg Position: $1.1M
Median Position: $42.4K

Hedge Funds

Hedge Funds: 2
Value Held: $5.6M
Shares Held: 195.4K
Avg Position: $2.8M
Median Position: $2.8M

Biggest Investors

Institutions with the largest positions in PBW as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$27.7M 0.00% of portfolio	959.3K shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
HighTower Advisors, LLC RIA/Wealth	Robert David Oros CEO	$23.5M 0.03% of portfolio	812.5K shares	Q3 2025 Held for 2 months	$87.7B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$15.4M 0.00% of portfolio	534.6K shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$7.6M 0.00% of portfolio	263.7K shares	Q1 2019 Held for 6y 8m	$691.34B
A ALLIANZ SE Institution	-	$6.2M 0.13% of portfolio	214.1K shares	Q1 2024 Held for 1y 8m	$4.7B
RAYMOND JAMES FINANCIAL INC RIA/Wealth	Steven Robert Marcus CEO	$5.7M 0.00% of portfolio	195.7K shares	Q4 2024 Held for 11 months	$310.43B
L LPL Financial LLC Institution	-	$5.6M 0.00% of portfolio	192.9K shares	≤ Q2 2013 Held for 12y 5m+	$340.07B
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	Scott David Hoffman CEO	$3.8M 0.01% of portfolio	133.2K shares	Q3 2025 Held for 2 months	$62.0B
Toroso Investments, LLC ETF Provider	Guillermo Trias CEO	$3.2M 0.01% of portfolio	111.7K shares	Q3 2025 Held for 2 months	$23.2B
CITIGROUP INC Institution	Jane Fraser CEO	$3.1M 0.00% of portfolio	106.8K shares	≤ Q2 2013 Held for 12y 5m+	$144.32B

Net Capital Flow

Institutional buying and selling activity for PBW in Q3 2025

Traded: +$54.3M
Buyers: 54
Sellers: 42
Total Bought: +$66.2M
Total Sold: −$11.9M
Avg Position: $989.3K

Biggest Buyers

Institution	Net Bought	Current Position
HighTower Advisors, LLC RIA/Wealth	+$23.5M +812.5K shares	$23.5M 812.5K shares
MORGAN STANLEY RIA/Wealth	+$6.1M +211.4K shares	$27.7M 959.3K shares
L LPL Financial LLC Institution	+$4.1M +140.4K shares	$5.6M 192.9K shares
BANK OF AMERICA CORP /DE/ Institution	+$3.9M +134.7K shares	$15.4M 534.6K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$3.8M +133.2K shares	$3.8M 133.2K shares
Toroso Investments, LLC ETF Provider	+$3.2M +111.7K shares	$3.2M 111.7K shares
S STIFEL FINANCIAL CORP Long Only Manager	+$2.8M +98.0K shares	$2.8M 98.0K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	+$2.3M +79.4K shares	$5.7M 195.7K shares
CITIGROUP INC Institution	+$2.2M +77.7K shares	$3.1M 106.8K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$1.8M +62.2K shares	$1.8M 62.2K shares

Biggest Sellers

Institution	Net Sold	Current Position
B BNP PARIBAS ARBITRAGE, SA Institution	−$6.6M −227.6K shares	$2.1M 71.7K shares
A ALLIANZ SE Institution	−$1.4M −50.0K shares	$6.2M 214.1K shares
T Tower Research Capital LLC Institution	−$1.0M −35.5K shares	$221.4K 7.7K shares
UBS Group AG Institution	−$995.0K −34.5K shares	$1.0M 35.1K shares
R ROYAL BANK OF CANADA Institution	−$377.5K −13.1K shares	$955.3K 33.1K shares
G GTS SECURITIES LLC Institution	−$374.9K −13.0K shares	$898.5K 31.1K shares
BB&T CORP Institution	−$286.5K −9.9K shares	$517.1K 17.9K shares
MOLLER FINANCIAL SERVICES RIA/Wealth	−$165.4K −5.7K shares	$923.6K 32.0K shares
Wealthfront Advisers LLC RIA/Wealth	−$107.6K −3.7K shares	$604.1K 20.9K shares
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC RIA/Wealth	−$99.1K −3.1K shares	$1.0M 31.6K shares

Entry and Exit Activity

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

New Positions: 11
New Value: $9.8M
Exited Positions: 10
Exited Value: $130.0K

New Positions

Institution	Position Value
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	$3.8M 133.2K shares
Toroso Investments, LLC ETF Provider	$3.2M 111.7K shares
B BENJAMIN EDWARDS INC Institution	$1.5M 53.3K shares
Wellington Shields & Co., LLC RIA/Wealth	$303.1K 10.5K shares
W Western Financial Corp/CA Institution	$259.1K 9.0K shares
E EWG Elevate Inc. Institution	$252.0K 8.7K shares
Kingsview Wealth Management, LLC RIA/Wealth	$234.2K 8.1K shares
Westfuller Advisors, LLC RIA/Wealth	$63.2K 2.2K shares
D Dakota Community Bank & Trust NA Institution	$58.7K 2.0K shares
HANTZ FINANCIAL SERVICES, INC. RIA/Wealth	$2.3K 79.0 shares

Exited Positions

Institution	Previous Position
Mirae Asset Global Investments Co., Ltd. Long Only Manager	$87.6K 4.4K shares
NorthRock Partners, LLC RIA/Wealth	$16.9K 850.0 shares
McIlrath & Eck, LLC RIA/Wealth	$11.8K 590.0 shares
Mount Yale Investment Advisors, LLC RIA/Wealth	$5.2K 260.0 shares
S S&T BANK/PA Institution	$2.8K 140.0 shares
FIRST FINANCIAL HOLDINGS, INC. Institution	$2.7K 134.0 shares
$US BANCORP \DE\ logo$ US BANCORP \DE\ Institution	$2.3K 114.0 shares
THURSTON, SPRINGER, MILLER, HERD & TITAK, INC. Private Equity	$599.0 30.0 shares
Newbridge Financial Services Group, Inc. RIA/Wealth	$139.0 7.0 shares
Wood Tarver Financial Group, LLC RIA/Wealth	- 29.0 shares

Options Activity

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

Call Positions: 1
Call Value: $462.1K
Put Positions: 1
Put Value: $433.2K

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$462.1K 160.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$433.2K 150.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
D Dakota Community Bank & Trust NA Institution	-	0.23% $58.7K	2.0K shares	Q3 2025 Held for 2 months	$25.4M
Coastal Investment Advisors, Inc. RIA/Wealth	Elizabeth Anne Legacy President	0.22% $659.4K	22.8K shares	Q3 2025 Held for 2 months	$298.9M
MOLLER FINANCIAL SERVICES RIA/Wealth	Nathan Lawrence Eads CEO	0.19% $923.6K	32.0K shares	Q3 2020 Held for 5y 2m	$479.5M
T TigerOak Management, L.L.C. Institution	-	0.14% $436.0K	15.1K shares	Q4 2024 Held for 11 months	$322.3M
A ALLIANZ SE Institution	-	0.13% $6.2M	214.1K shares	Q1 2024 Held for 1y 8m	$4.7B
W Western Financial Corp/CA Institution	-	0.11% $259.1K	9.0K shares	Q3 2025 Held for 2 months	$229.8M
Elwood & Goetz Wealth Advisory Group, LLC RIA/Wealth	Joseph William Goetz Managing Partner	0.09% $492.1K	17.0K shares	Q2 2025 Held for 5 months	$520.3M
P Personal Resources Investment & Strategic Management, Inc. RIA/Wealth	Mcginnis Andrew Mccoy President	0.09% $297.5K	10.3K shares	Q4 2024 Held for 11 months	$342.2M
MinichMacGregor Wealth Management, LLC RIA/Wealth	Martin James Briesach Managing Partner	0.08% $407.9K	14.1K shares	Q3 2025 Held for 2 months	$512.7M
Wellington Shields & Co., LLC RIA/Wealth	William Jameson Mcfadden CEO	0.08% $303.1K	10.5K shares	Q3 2025 Held for 2 months	$383.1M

Hedge Fund Spotlight

Discover hedge funds investing in PBW

TWO SIGMA INVESTMENTS LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerScott David Hoffman

Portfolio Value: $62.0B
Positions: 3,252
Last Reported: Q3 2025

Sector Allocation

Position in Invesco WilderHill Clean Energy

Market Value: $3.8M
Shares Held: 133.2K
Portfolio Weight: 0.01%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 SPDR S&P 500 ETF Trust SPY	ETF ETF	$680.4M	1.10%
2 Financial Select Sector SPDR Fund XLF	ETF ETF	$582.6M	0.94%
3 Consumer Staples Select Sector SPDR Fund XLP	ETF ETF	$489.6M	0.79%