Invesco FTSE RAFI US 1500 Small-Mid ETF

PRFZ • NASDAQ

Invesco FTSE RAFI US 1500 Small-Mid ETF is an exchange-traded fund on NASDAQ. As of Q3 2025, 289 institutional investors hold shares in this ETF, with total holdings valued at $959.2M. BANK OF AMERICA CORP /DE/ is the largest holder with a position valued at $114.6M.

Overview

Overview of institutional ownership in PRFZ as of Q3 2025

All Institutions

Institutions: 289
Value Held: $959.2M
Shares Held: 21.2M
Avg Position: $3.3M
Median Position: $329.4K

Hedge Funds

Hedge Funds: 3
Value Held: $7.1M
Shares Held: 157.2K
Avg Position: $2.4M
Median Position: $814.1K

Biggest Investors

Institutions with the largest positions in PRFZ 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	$114.6M 0.01% of portfolio	2.5M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
L LPL Financial LLC Institution	-	$55.3M 0.02% of portfolio	1.2M shares	≤ Q2 2013 Held for 12y 5m+	$340.07B
Warren Averett Asset Management, LLC RIA/Wealth	Justin Thomas Russell CEO	$52.5M 0.53% of portfolio	1.2M shares	Q3 2017 Held for 8y 2m	$10.0B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$49.5M 0.00% of portfolio	1.1M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
RAYMOND JAMES FINANCIAL INC RIA/Wealth	Steven Robert Marcus CEO	$47.0M 0.02% of portfolio	1.0M shares	Q4 2024 Held for 11 months	$310.43B
Cetera Investment Advisers RIA/Wealth	Joseph Daniel Neary CEO	$44.1M 0.05% of portfolio	971.3K shares	Q1 2024 Held for 1y 8m	$85.4B
FIRST FOUNDATION ADVISORS RIA/Wealth	John Avak Hakopian President	$36.6M 1.35% of portfolio	805.2K shares	Q2 2022 Held for 3y 5m	$2.7B
Arbor Investment Advisors, LLC RIA/Wealth	Scott Edward Cawood CEO	$35.2M 4.47% of portfolio	775.7K shares	Q1 2011 Held for 14y 8m	$787.7M
R ROYAL BANK OF CANADA Institution	-	$33.1M 0.01% of portfolio	727.7K shares	≤ Q2 2013 Held for 12y 5m+	$542.04B
Stonebridge Financial Group, LLC RIA/Wealth	William Connors Managing Partner	$31.4M 2.77% of portfolio	692.1K shares	Q4 2024 Held for 11 months	$1.1B

Net Capital Flow

Institutional buying and selling activity for PRFZ in Q3 2025

Traded: +$24.9M
Buyers: 124
Sellers: 90
Total Bought: +$67.1M
Total Sold: −$42.2M
Avg Position: $3.1M

Biggest Buyers

Institution	Net Bought	Current Position
Cetera Investment Advisers RIA/Wealth	+$24.9M +547.4K shares	$44.1M 971.3K shares
Bank of New York Mellon Corp Institution	+$7.9M +174.2K shares	$7.9M 174.2K shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$5.5M +120.8K shares	$6.0M 132.5K shares
Invesco Ltd. ETF Provider	+$4.7M +103.0K shares	$20.7M 456.3K shares
JPMORGAN CHASE & CO Institution	+$3.6M +80.2K shares	$5.9M 128.9K shares
L LPL Financial LLC Institution	+$2.7M +58.9K shares	$55.3M 1.2M shares
BANK OF AMERICA CORP /DE/ Institution	+$973.7K +21.4K shares	$114.6M 2.5M shares
Three Bridge Wealth Advisors, LLC RIA/Wealth	+$952.5K +21.0K shares	$12.1M 267.4K shares
S SCOTIA CAPITAL INC. Institution	+$913.5K +20.1K shares	$913.5K 20.1K shares
Traction Financial Partners, LLC RIA/Wealth	+$828.6K +18.2K shares	$5.5M 121.9K shares

Biggest Sellers

Institution	Net Sold	Current Position
UBS Group AG Institution	−$9.8M −215.5K shares	$13.2M 290.5K shares
FIRST FOUNDATION ADVISORS RIA/Wealth	−$5.7M −125.1K shares	$36.6M 805.2K shares
Arbor Investment Advisors, LLC RIA/Wealth	−$5.6M −123.3K shares	$35.2M 775.7K shares
R ROYAL BANK OF CANADA Institution	−$5.1M −111.8K shares	$33.1M 727.7K shares
Warren Averett Asset Management, LLC RIA/Wealth	−$1.5M −33.6K shares	$52.5M 1.2M shares
L Lion Street Advisors, LLC RIA/Wealth	−$1.3M −31.4K shares	Sold Off 0 shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	−$1.2M −27.2K shares	$3.1M 67.6K shares
W WCG Wealth Advisors LLC Institution	−$1.2M −26.7K shares	$10.3M 227.9K shares
M Holdings Securities, Inc. RIA/Wealth	−$1.1M −27.4K shares	Sold Off 0 shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$980.8K −24.1K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 16
New Value: $2.2M
Exited Positions: 16
Exited Value: $6.0M

New Positions

Institution	Position Value
A ATRIA INVESTMENTS LLC Institution	$410.2K 9.0K shares
Kovack Advisors, Inc. RIA/Wealth	$313.3K 6.9K shares
W WILEY BROS.-AINTREE CAPITAL, LLC Institution	$243.2K 5.4K shares
Sonora Investment Management Group, LLC RIA/Wealth	$241.9K 5.3K shares
Vishria Bird Financial Group, LLC RIA/Wealth	$211.2K 4.6K shares
Wedmont Private Capital RIA/Wealth	$210.3K 4.6K shares
Capital Investment Advisors, LLC RIA/Wealth	$200.2K 4.4K shares
R Root Financial Partners, LLC RIA/Wealth	$151.5K 3.3K shares
Triumph Capital Management RIA/Wealth	$80.4K 1.8K shares
Steigerwald, Gordon & Koch Inc. RIA/Wealth	$67.9K 1.5K shares

Exited Positions

Institution	Previous Position
L Lion Street Advisors, LLC RIA/Wealth	$1.3M 31.4K shares
M Holdings Securities, Inc. RIA/Wealth	$1.1M 27.4K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$980.8K 24.1K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$605.1K 14.9K shares
O OLD MISSION CAPITAL LLC Institution	$533.0K 13.1K shares
SRS Capital Advisors, Inc. RIA/Wealth	$368.8K 9.1K shares
Plancorp, LLC RIA/Wealth	$228.4K 5.6K shares
J JANE STREET GROUP, LLC Institution	$215.5K 5.3K shares
Impact Capital Partners LLC RIA/Wealth	$204.9K 5.0K shares
FIRST FINANCIAL HOLDINGS, INC. Institution	$199.3K 4.9K shares

Options Activity

Institutions with the largest Call and Put options positions in PRFZ 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 PRFZ as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Johnson & White Wealth Management, LLC RIA/Wealth	Timothy Paul White CCO	4.94% $10.8M	237.3K shares	Q3 2022 Held for 3y 2m	$218.3M
Arbor Investment Advisors, LLC RIA/Wealth	Scott Edward Cawood CEO	4.47% $35.2M	775.7K shares	Q1 2011 Held for 14y 8m	$787.7M
Traction Financial Partners, LLC RIA/Wealth	Robert William Heykoop Managing Partner	3.42% $5.5M	121.9K shares	Q4 2023 Held for 1y 11m	$162.0M
Three Bridge Wealth Advisors, LLC RIA/Wealth	Eric Thomas Thurber CIO	3.13% $12.1M	267.4K shares	Q1 2022 Held for 3y 8m	$387.9M
Stonebridge Financial Group, LLC RIA/Wealth	William Connors Managing Partner	2.77% $31.4M	692.1K shares	Q4 2024 Held for 11 months	$1.1B
Sound Stewardship, LLC RIA/Wealth	Matthew Johnne Syverson Member	1.70% $3.5M	77.8K shares	Q4 2022 Held for 2y 11m	$208.4M
Verum Partners LLC RIA/Wealth	Abigail Anne Bennett Founder	1.51% $6.6M	145.7K shares	Q4 2022 Held for 2y 11m	$439.5M
E EQ WEALTH ADVISORS, LLC RIA/Wealth	Toby Scott Harris Managing Partner	1.40% $2.1M	46.8K shares	Q4 2024 Held for 11 months	$152.2M
FIRST FOUNDATION ADVISORS RIA/Wealth	John Avak Hakopian President	1.35% $36.6M	805.2K shares	Q2 2022 Held for 3y 5m	$2.7B
A Arlington Financial Advisors, LLC Institution	-	1.10% $7.5M	164.2K shares	Q4 2017 Held for 7y 11m	$679.2M

Hedge Fund Spotlight

Discover hedge funds investing in PRFZ

AQR CAPITAL MANAGEMENT LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerDavid Gary Kabiller

Portfolio Value: $156.17B
Positions: 3,453
Last Reported: Q3 2025

Sector Allocation

Position in Invesco FTSE RAFI US 1500 Small-Mid ETF

Market Value: $6.0M
Shares Held: 132.5K
Portfolio Weight: 0.00%
Owned Since: 2025-Q2

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$4.1B	2.62%
2 Microsoft MSFT	Software - Infrastructure Technology	$3.2B	2.05%
3 Apple AAPL	Consumer Electronics Technology	$2.8B	1.76%