PDN — INVESCO RAFI DEVELOPED MARKETS
Reported value held$94.85M
Funds holding (latest)15
Sector—
Funds holding (Q2 2026)12
Institutional value$83.63M · 1.86M sh
New / Add / Cut / Exit3 / 5 / 2 / 1
Top-5 / Top-10 concentration97.5% / 99.8%
Institutional holdings change
Reducing -28.1%
(-724.86K sh)
Institutional value change
Down -25.4%
As of Q2 2026, 12 SEC-registered investment managers reported holding PDN (INVESCO RAFI DEVELOPED MARKETS) in their latest 13F filings, with a combined reported value of $83.63M across 1.86M shares. That is -28.1% by share count (-724.86K shares) versus the previous quarter, while reported value moved -25.4%. Ownership is concentrated: the five largest holders account for 97.5% of reported value and the top ten for 99.8%.
Compared with the prior quarter, 3 opened new positions, 5 added to existing stakes, 2 trimmed, 1 exited entirely. 13F holdings are quarter-end snapshots, so these moves reflect positioning as of Q2 2026, not real-time trading.
All figures on this page are computed from SEC Form 13F quarterly filings. 13F filers disclose long positions of $100,000 or more within 45 days of quarter end; short positions, options overlays and intra-quarter trades are not included, so treat the numbers as a quarterly snapshot of institutional ownership rather than real-time positioning.
Q2 2026 — 12 funds
| Fund | Shares | Value | Portfolio Weight | Change |
|---|---|---|---|---|
| Charles Schwab Investment Management history | 1.62M | $72.82M | 0.01% | Reduce |
| Morgan Stanley history | 70.51K | $3.17M | 0.00% | Add |
| Citadel Advisors history | 57.51K | $2.59M | 0.00% | Reduce |
| Goldman Sachs Group history | 36.22K | $1.63M | 0.00% | New |
| Wells Fargo & Co history | 30.19K | $1.36M | 0.00% | Hold |
| Fidelity Management & Research (FMR) history | 12.34K | $555.23K | 0.00% | Add |
| Bank of America Corp history | 11.99K | $539.46K | 0.00% | Hold |
| UBS Group AG history | 8.94K | $401.97K | 0.00% | Add |
| AQR Capital Management history | 6.37K | $286.50K | 0.00% | New |
| BlackRock Inc history | 3.17K | $142.55K | 0.00% | Add |
| JPMorgan Chase & Co history | 1.87K | $84.21K | 0.00% | New |
| PNC Financial Services history | 1.15K | $51.75K | 0.00% | Add |
Q1 2026 — 10 funds
| Fund | Shares | Value | Portfolio Weight | Change |
|---|---|---|---|---|
| Charles Schwab Investment Management history | 2.02M | $87.82M | 0.01% | Reduce |
| Invesco Ltd history | 251.15K | $10.89M | 0.00% | Reduce |
| Citadel Advisors history | 177.70K | $7.71M | 0.00% | Add |
| Morgan Stanley history | 64.69K | $2.81M | 0.00% | Add |
| Wells Fargo & Co history | 30.30K | $1.31M | 0.00% | Hold |
| Bank of America Corp history | 11.96K | $518.73K | 0.00% | Reduce |
| Fidelity Management & Research (FMR) history | 11.63K | $504.61K | 0.00% | Add |
| UBS Group AG history | 7.53K | $326.49K | 0.00% | Reduce |
| BlackRock Inc history | 3.13K | $135.79K | 0.00% | Add |
| PNC Financial Services history | 934 | $40.49K | 0.00% | Reduce |
Q4 2025 — 12 funds
| Fund | Shares | Value | Portfolio Weight | Change |
|---|---|---|---|---|
| Charles Schwab Investment Management history | 2.19M | $92.34M | 0.01% | Reduce |
| Invesco Ltd history | 364.16K | $15.36M | 0.00% | Add |
| Morgan Stanley history | 60.85K | $2.57M | 0.00% | Add |
| Citadel Advisors history | 39.49K | $1.67M | 0.00% | Reduce |
| Wells Fargo & Co history | 30.38K | $1.28M | 0.00% | Add |
| Bank of America Corp history | 14.17K | $597.58K | 0.00% | Add |
| Fidelity Management & Research (FMR) history | 11.46K | $483.63K | 0.00% | Add |
| UBS Group AG history | 7.74K | $326.44K | 0.00% | Reduce |
| BlackRock Inc history | 1.24K | $52.27K | 0.00% | Add |
| JPMorgan Chase & Co history | 1.09K | $45.81K | 0.00% | Add |
| PNC Financial Services history | 1.01K | $42.46K | 0.00% | Add |
| Citigroup Inc history | 769 | $32.44K | 0.00% | New |
Q3 2025 — 12 funds
| Fund | Shares | Value | Portfolio Weight | Change |
|---|---|---|---|---|
| Charles Schwab Investment Management history | 2.34M | $96.32M | 0.01% | Reduce |
| Invesco Ltd history | 340.89K | $14.01M | 0.00% | Add |
| Citadel Advisors history | 67.91K | $2.79M | 0.00% | Reduce |
| Morgan Stanley history | 54.29K | $2.23M | 0.00% | Add |
| Goldman Sachs Group history | 33.45K | $1.38M | 0.00% | Reduce |
| Wells Fargo & Co history | 29.55K | $1.21M | 0.00% | Hold |
| Bank of America Corp history | 14.02K | $576.14K | 0.00% | Reduce |
| Fidelity Management & Research (FMR) history | 10.74K | $441.61K | 0.00% | Add |
| UBS Group AG history | 7.99K | $328.26K | 0.00% | Add |
| BlackRock Inc history | 1.22K | $49.95K | 0.00% | New |
| PNC Financial Services history | 996 | $40.93K | 0.00% | Add |
| JPMorgan Chase & Co history | 687 | $28.24K | 0.00% | Hold |
Q2 2025 — 11 funds
| Fund | Shares | Value | Portfolio Weight | Change |
|---|---|---|---|---|
| Charles Schwab Investment Management history | 2.61M | $101.69M | 0.02% | Reduce |
| Invesco Ltd history | 245.03K | $9.54M | 0.00% | Reduce |
| Citadel Advisors history | 148.57K | $5.78M | 0.00% | Add |
| Goldman Sachs Group history | 102.09K | $3.97M | 0.00% | New |
| Morgan Stanley history | 47.12K | $1.83M | 0.00% | Add |
| Wells Fargo & Co history | 29.68K | $1.16M | 0.00% | Add |
| Bank of America Corp history | 16.80K | $653.63K | 0.00% | Reduce |
| Fidelity Management & Research (FMR) history | 10.02K | $390.04K | 0.00% | Add |
| UBS Group AG history | 5.80K | $225.68K | 0.00% | Reduce |
| PNC Financial Services history | 989 | $38.51K | 0.00% | Reduce |
| JPMorgan Chase & Co history | 687 | $26.74K | 0.00% | Reduce |
Q1 2025 — 10 funds
| Fund | Shares | Value | Portfolio Weight | Change |
|---|---|---|---|---|
| Charles Schwab Investment Management history | 5.51M | $184.46M | 0.04% | Reduce |
| Invesco Ltd history | 461.67K | $15.46M | 0.00% | Reduce |
| Citadel Advisors history | 108.95K | $3.65M | 0.00% | New |
| Morgan Stanley history | 43.46K | $1.45M | 0.00% | Add |
| Wells Fargo & Co history | 29.18K | $976.99K | 0.00% | Reduce |
| Bank of America Corp history | 18.02K | $603.36K | 0.00% | Add |
| Fidelity Management & Research (FMR) history | 9.13K | $305.68K | 0.00% | Add |
| UBS Group AG history | 6.05K | $202.44K | 0.00% | Reduce |
| JPMorgan Chase & Co history | 4.91K | $164.44K | 0.00% | Add |
| PNC Financial Services history | 1.02K | $34.15K | 0.00% | Reduce |
New Positions (Q2 2026)
- Goldman Sachs Group 36.22K sh · $1.63M
- AQR Capital Management 6.37K sh · $286.50K
- JPMorgan Chase & Co 1.87K sh · $84.21K
Fully Exited (vs previous quarter)
- Invesco Ltd sold 251.15K sh · $10.89M
Fund Position History — shares by quarter (top 15 funds)
| Fund | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Charles Schwab Investment Management | 1.62M | 2.02M | 2.19M | 2.34M | 2.61M | 5.51M | 5.76M | 6.04M | 8.45M | — | — | — | — | — | — | — | — | — | — | — |
| Morgan Stanley | 70.51K | 64.69K | 60.85K | 54.29K | 47.12K | 43.46K | 37.11K | 33.64K | 20.58K | 11.82K | 11.62K | 16.99K | 17.24K | 17.50K | 18.33K | 25.45K | 38.42K | 46.45K | 57.34K | 49.34K |
| Citadel Advisors | 57.51K | 177.70K | 39.49K | 67.91K | 148.57K | 108.95K | — | 11.09K | 14.55K | 54.07K | 6.31K | 44.32K | 37.66K | 844.90K | 22.78K | 64.95K | — | — | 42.73K | 68.61K |
| Goldman Sachs Group | 36.22K | — | — | 33.45K | 102.09K | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 15.74K |
| Wells Fargo & Co | 30.19K | 30.30K | 30.38K | 29.55K | 29.68K | 29.18K | 30.41K | 30.49K | 30.62K | 31.32K | 29.52K | 32.15K | 33.40K | 35.10K | 64.05K | 65.83K | 63.12K | 60.23K | 59.97K | 57.28K |
| Fidelity Management & Research (FMR) | 12.34K | 11.63K | 11.46K | 10.74K | 10.02K | 9.13K | 8.71K | 7.32K | 6.17K | 4.73K | 4.11K | 4.34K | 2.20K | 1.76K | 1.59K | 1.16K | 1.19K | 1.25K | 1.69K | 1.57K |
| Bank of America Corp | 11.99K | 11.96K | 14.17K | 14.02K | 16.80K | 18.02K | 17.09K | 12.27K | 11.60K | 12.12K | 10.04K | 12.78K | 40.57K | 41.10K | 50.88K | 36.61K | 36.11K | 31.70K | 31.54K | 33.90K |
| UBS Group AG | 8.94K | 7.53K | 7.74K | 7.99K | 5.80K | 6.05K | 14.44K | 18.78K | 8.57K | 8.33K | 9.64K | 10.56K | 12.97K | 12.26K | 15.69K | 14.13K | 35.14K | 7.79K | 3.83K | 3.71K |
| AQR Capital Management | 6.37K | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| BlackRock Inc | 3.17K | 3.13K | 1.24K | 1.22K | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| JPMorgan Chase & Co | 1.87K | — | 1.09K | 687 | 687 | 4.91K | 3.02K | 3.00K | 3.16K | 473 | 234 | — | 1.15K | 3.23K | 103 | 72 | — | — | 2.00K | 2.40K |
| PNC Financial Services | 1.15K | 934 | 1.01K | 996 | 989 | 1.02K | 1.29K | 1.45K | — | 1.51K | 1.51K | 1.49K | 1.64K | 1.62K | 1.61K | 1.60K | 1.59K | 1.33K | 1.18K | 1.18K |
| Citigroup Inc | — | — | 769 | — | — | — | — | — | — | — | — | — | 1 | — | 5 | — | 6 | 5 | 27 | 3 |
| Invesco Ltd | — | 251.15K | 364.16K | 340.89K | 245.03K | 461.67K | 502.93K | 242.07K | 221.67K | 233.81K | 259.21K | 1.15M | 1.19M | 1.20M | 1.29M | 1.10M | 1.06M | 851.78K | 190.96K | 151.46K |
| Principal Global Investors | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 7.83K |
▲ Bought Low (fund opened/added, stock rose ≥5% next quarter) ▼ Sold High (fund reduced, stock fell ≥5% next quarter)
Drag / scroll to zoom · Default shows the most recent year · Annotations come from quarterly fund actions in 13F filings · Hover a marker for details