Invesco S&P MidCap 400 QVM Multi-factor

QVMM • ARCA

Invesco S&P MidCap 400 QVM Multi-factor is an exchange-traded fund on ARCA. As of Q3 2025, 11 institutional investors hold shares in this ETF, with total holdings valued at $366.4M. Municipal Employees' Retirement System of Michigan is the largest holder with a position valued at $360.2M.

Overview

Overview of institutional ownership in QVMM as of Q3 2025

All Institutions

Institutions: 11
Value Held: $366.4M
Shares Held: 12.1M
Avg Position: $33.3M
Median Position: $319.4K

Hedge Funds

Hedge Funds: 1
Value Held: $225.7K
Shares Held: 7.4K
Avg Position: $225.7K
Median Position: $225.7K

Biggest Investors

Institutions with the largest positions in QVMM as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
M Municipal Employees' Retirement System of Michigan Institution	-	$360.2M 4.33% of portfolio	11.9M shares	Q2 2021 Held for 4y 5m	$8.3B
L LPL Financial LLC Institution	-	$2.5M 0.00% of portfolio	81.1K shares	Q3 2022 Held for 3y 2m	$340.07B
Private Advisor Group, LLC RIA/Wealth	Franklin R Smith CEO	$1.6M 0.01% of portfolio	51.5K shares	Q4 2023 Held for 1y 11m	$20.3B
Empirical Asset Management, LLC RIA/Wealth	Glenn Andrew Caldicott CIO	$837.1K 0.24% of portfolio	27.6K shares	Q2 2024 Held for 1y 5m	$352.0M
Fragasso Group Inc. RIA/Wealth	Robert Ivano Fragasso CEO	$632.3K 0.04% of portfolio	20.7K shares	Q1 2025 Held for 8 months	$1.6B
Kestra Advisory Services, LLC RIA/Wealth	John Vincent Amore President	$319.4K 0.00% of portfolio	10.5K shares	Q4 2024 Held for 11 months	$21.7B
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	Kenneth Cordele Griffin CEO	$225.7K 0.00% of portfolio	7.4K shares	Q4 2023 Held for 1y 11m	$122.08B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$195.0K 0.00% of portfolio	6.4K shares	Q1 2024 Held for 1y 8m	$1.33T
A Advisor Group Holdings, Inc. Institution	-	$785.0 0.00% of portfolio	26.0 shares	Q3 2021 Held for 4y 2m	$71.0B
UBS Group AG Institution	Sergio P. Ermotti CEO	$273.0 0.00% of portfolio	9.0 shares	Q3 2025 Held for 2 months	$511.54B

Net Capital Flow

Institutional buying and selling activity for QVMM in Q3 2025

Traded: −$1.0M
Buyers: 6
Sellers: 5
Total Bought: +$130.2K
Total Sold: −$1.2M
Avg Position: $26.2M

Biggest Buyers

Institution	Net Bought	Current Position
L LPL Financial LLC Institution	+$101.7K +3.4K shares	$2.5M 81.1K shares
Private Advisor Group, LLC RIA/Wealth	+$23.6K +779.0 shares	$1.6M 51.5K shares
Fragasso Group Inc. RIA/Wealth	+$4.5K +149.0 shares	$632.3K 20.7K shares
UBS Group AG Institution	+$273.0 +9.0 shares	$273.0 9.0 shares
Kestra Advisory Services, LLC RIA/Wealth	+$60.6 +2.0 shares	$319.4K 10.5K shares
MORGAN STANLEY RIA/Wealth	+$30.0 +1.0 shares	$30.0 1.0 shares

Biggest Sellers

Institution	Net Sold	Current Position
Empirical Asset Management, LLC RIA/Wealth	−$876.4K −28.9K shares	$837.1K 27.6K shares
GOLDMAN SACHS GROUP INC Institution	−$209.0K −7.3K shares	Sold Off 0 shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$82.4K −2.7K shares	$225.7K 7.4K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	−$5.6K −196.0 shares	Sold Off 0 shares
FMR LLC Institution	−$29.0 −1.0 shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 1
New Value: $30.0
Exited Positions: 3
Exited Value: $214.7K

New Positions

Institution	Position Value
MORGAN STANLEY RIA/Wealth	$30.0 1.0 shares

Exited Positions

Institution	Previous Position
GOLDMAN SACHS GROUP INC Institution	$209.0K 7.3K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	$5.6K 196.0 shares
FMR LLC Institution	$29.0 1.0 shares

Options Activity

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
M Municipal Employees' Retirement System of Michigan Institution	-	4.33% $360.2M	11.9M shares	Q2 2021 Held for 4y 5m	$8.3B
Empirical Asset Management, LLC RIA/Wealth	Glenn Andrew Caldicott CIO	0.24% $837.1K	27.6K shares	Q2 2024 Held for 1y 5m	$352.0M
Fragasso Group Inc. RIA/Wealth	Robert Ivano Fragasso CEO	0.04% $632.3K	20.7K shares	Q1 2025 Held for 8 months	$1.6B
Private Advisor Group, LLC RIA/Wealth	Franklin R Smith CEO	0.01% $1.6M	51.5K shares	Q4 2023 Held for 1y 11m	$20.3B
Kestra Advisory Services, LLC RIA/Wealth	John Vincent Amore President	0.00% $319.4K	10.5K shares	Q4 2024 Held for 11 months	$21.7B
L LPL Financial LLC Institution	-	0.00% $2.5M	81.1K shares	Q3 2022 Held for 3y 2m	$340.07B
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	Kenneth Cordele Griffin CEO	0.00% $225.7K	7.4K shares	Q4 2023 Held for 1y 11m	$122.08B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	0.00% $195.0K	6.4K shares	Q1 2024 Held for 1y 8m	$1.33T
A Advisor Group Holdings, Inc. Institution	-	0.00% $785.0	26.0 shares	Q3 2021 Held for 4y 2m	$71.0B
UBS Group AG Institution	Sergio P. Ermotti CEO	0.00% $273.0	9.0 shares	Q3 2025 Held for 2 months	$511.54B

Hedge Fund Spotlight

Discover hedge funds investing in QVMM

CITADEL ADVISORS LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerKenneth Cordele Griffin

Portfolio Value: $122.08B
Positions: 5,531
Last Reported: Q3 2025

Sector Allocation

Position in Invesco S&P MidCap 400 QVM Multi-factor

Market Value: $225.7K
Shares Held: 7.4K
Portfolio Weight: 0.00%
Owned Since: 2023-Q4

Top Holding	Sector	Market Value	Weight
1 Microsoft MSFT	Software - Infrastructure Technology	$2.1B	1.68%
2 Nvidia NVDA	Semiconductors Technology	$1.8B	1.50%
3 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$1.4B	1.18%