PXF — INVESCO RAFI DEVELOPED MARKETS
Reported value held$1.54B
Funds holding (latest)19
Sector—
Funds holding (Q2 2026)15
Institutional value$1.54B · 20.34M sh
New / Add / Cut / Exit2 / 9 / 3 / 0
Top-5 / Top-10 concentration91.1% / 99.7%
Institutional holdings change
Reducing -3.4%
(-715.51K sh)
Institutional value change
Up +4.5%
As of Q2 2026, 15 SEC-registered investment managers reported holding PXF (INVESCO RAFI DEVELOPED MARKETS) in their latest 13F filings, with a combined reported value of $1.54B across 20.34M shares. That is -3.4% by share count (-715.51K shares) versus the previous quarter, while reported value moved +4.5%. Ownership is concentrated: the five largest holders account for 91.1% of reported value and the top ten for 99.7%.
Compared with the prior quarter, 2 opened new positions, 9 added to existing stakes, 3 trimmed. 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 — 15 funds
| Fund | Shares | Value | Portfolio Weight | Change |
|---|---|---|---|---|
| Charles Schwab Investment Management history | 9.43M | $713.54M | 0.10% | Reduce |
| Invesco Ltd history | 5.80M | $438.45M | 0.04% | Reduce |
| Morgan Stanley history | 1.39M | $105.30M | 0.01% | Add |
| Bank of America Corp history | 974.90K | $73.74M | 0.01% | Add |
| BNY Mellon history | 924.85K | $69.96M | 0.01% | Reduce |
| UBS Group AG history | 702.11K | $53.11M | 0.01% | Add |
| Wells Fargo & Co history | 687.13K | $51.97M | 0.01% | Add |
| JPMorgan Chase & Co history | 290.10K | $21.83M | 0.00% | New |
| Goldman Sachs Group history | 45.89K | $3.47M | 0.00% | New |
| Fidelity Management & Research (FMR) history | 38.09K | $2.88M | 0.00% | Add |
| AQR Capital Management history | 26.44K | $2.00M | 0.00% | Add |
| Citigroup Inc history | 12.31K | $931.05K | 0.00% | Add |
| BlackRock Inc history | 11.53K | $871.96K | 0.00% | Add |
| Northern Trust Corp history | 3.95K | $298.63K | 0.00% | Hold |
| PNC Financial Services history | 1.37K | $103.78K | 0.00% | Add |
Q1 2026 — 13 funds
| Fund | Shares | Value | Portfolio Weight | Change |
|---|---|---|---|---|
| Charles Schwab Investment Management history | 10.24M | $715.94M | 0.11% | Reduce |
| Invesco Ltd history | 6.13M | $428.70M | 0.07% | Add |
| Morgan Stanley history | 1.36M | $95.08M | 0.01% | Add |
| Bank of America Corp history | 963.93K | $67.38M | 0.01% | Add |
| BNY Mellon history | 954.22K | $66.70M | 0.01% | Reduce |
| UBS Group AG history | 678.00K | $47.39M | 0.01% | Add |
| Wells Fargo & Co history | 649.50K | $45.40M | 0.01% | Add |
| Fidelity Management & Research (FMR) history | 36.11K | $2.52M | 0.00% | Add |
| AQR Capital Management history | 15.97K | $1.12M | 0.00% | Add |
| Citigroup Inc history | 11.23K | $785.05K | 0.00% | Add |
| BlackRock Inc history | 7.23K | $505.15K | 0.00% | Add |
| Northern Trust Corp history | 3.95K | $275.96K | 0.00% | Hold |
| PNC Financial Services history | 465 | $32.50K | 0.00% | Hold |
Q4 2025 — 16 funds
| Fund | Shares | Value | Portfolio Weight | Change |
|---|---|---|---|---|
| Charles Schwab Investment Management history | 10.86M | $711.64M | 0.11% | Reduce |
| Invesco Ltd history | 4.33M | $283.95M | 0.04% | Reduce |
| Morgan Stanley history | 1.33M | $87.35M | 0.01% | Reduce |
| BNY Mellon history | 1.20M | $78.95M | 0.01% | Add |
| Bank of America Corp history | 896.78K | $58.78M | 0.00% | Reduce |
| Wells Fargo & Co history | 558.51K | $36.61M | 0.01% | Add |
| JPMorgan Chase & Co history | 244.25K | $16.01M | 0.00% | Add |
| UBS Group AG history | 199.28K | $13.06M | 0.00% | Reduce |
| Fidelity Management & Research (FMR) history | 33.74K | $2.21M | 0.00% | Add |
| Vanguard Group history | 16.35K | $1.07M | 0.00% | Hold |
| Citadel Advisors history | 14.57K | $954.99K | 0.00% | Reduce |
| AQR Capital Management history | 13.27K | $869.84K | 0.00% | New |
| Citigroup Inc history | 9.48K | $621.37K | 0.00% | Reduce |
| Northern Trust Corp history | 3.95K | $258.77K | 0.00% | Reduce |
| BlackRock Inc history | 1.20K | $78.72K | 0.00% | Add |
| PNC Financial Services history | 465 | $30.48K | 0.00% | Hold |
Q3 2025 — 15 funds
| Fund | Shares | Value | Portfolio Weight | Change |
|---|---|---|---|---|
| Charles Schwab Investment Management history | 11.38M | $695.92M | 0.11% | Reduce |
| Invesco Ltd history | 4.36M | $266.81M | 0.04% | Reduce |
| Morgan Stanley history | 1.36M | $83.45M | 0.01% | Add |
| Bank of America Corp history | 937.06K | $57.32M | 0.00% | Add |
| BNY Mellon history | 831.66K | $50.88M | 0.01% | Reduce |
| Wells Fargo & Co history | 514.10K | $31.45M | 0.01% | Add |
| Citadel Advisors history | 225.84K | $13.82M | 0.00% | Add |
| UBS Group AG history | 204.72K | $12.52M | 0.00% | Add |
| JPMorgan Chase & Co history | 114.91K | $7.03M | 0.00% | Reduce |
| Fidelity Management & Research (FMR) history | 33.19K | $2.03M | 0.00% | Add |
| Vanguard Group history | 16.31K | $997.84K | 0.00% | Add |
| Citigroup Inc history | 10.17K | $622.09K | 0.00% | Add |
| Northern Trust Corp history | 4.08K | $249.84K | 0.00% | Reduce |
| BlackRock Inc history | 583 | $35.66K | 0.00% | New |
| PNC Financial Services history | 465 | $28.45K | 0.00% | Hold |
Q2 2025 — 14 funds
| Fund | Shares | Value | Portfolio Weight | Change |
|---|---|---|---|---|
| Charles Schwab Investment Management history | 11.86M | $681.07M | 0.12% | Add |
| Invesco Ltd history | 4.59M | $263.50M | 0.05% | Add |
| Morgan Stanley history | 1.32M | $75.94M | 0.01% | Add |
| Bank of America Corp history | 883.79K | $50.75M | 0.00% | Reduce |
| BNY Mellon history | 845.23K | $48.53M | 0.01% | Reduce |
| Wells Fargo & Co history | 386.92K | $22.22M | 0.01% | Reduce |
| UBS Group AG history | 147.07K | $8.45M | 0.00% | Add |
| Citadel Advisors history | 125.29K | $7.19M | 0.00% | New |
| JPMorgan Chase & Co history | 116.60K | $6.70M | 0.00% | Add |
| Fidelity Management & Research (FMR) history | 29.32K | $1.68M | 0.00% | Add |
| Vanguard Group history | 16.06K | $922.27K | 0.00% | Add |
| Citigroup Inc history | 7.92K | $454.48K | 0.00% | Reduce |
| Northern Trust Corp history | 4.16K | $238.93K | 0.00% | New |
| PNC Financial Services history | 465 | $26.70K | 0.00% | Reduce |
Q1 2025 — 13 funds
| Fund | Shares | Value | Portfolio Weight | Change |
|---|---|---|---|---|
| Charles Schwab Investment Management history | 11.70M | $608.25M | 0.11% | Reduce |
| Invesco Ltd history | 4.46M | $231.79M | 0.04% | Reduce |
| Morgan Stanley history | 1.07M | $55.50M | 0.00% | Reduce |
| Bank of America Corp history | 918.02K | $47.73M | 0.00% | Reduce |
| BNY Mellon history | 872.11K | $45.34M | 0.01% | Add |
| Wells Fargo & Co history | 397.72K | $20.68M | 0.01% | Add |
| UBS Group AG history | 124.94K | $6.50M | 0.00% | Reduce |
| JPMorgan Chase & Co history | 70.97K | $3.69M | 0.00% | Add |
| Fidelity Management & Research (FMR) history | 28.34K | $1.47M | 0.00% | Add |
| Goldman Sachs Group history | 25.12K | $1.31M | 0.00% | New |
| Vanguard Group history | 15.78K | $820.19K | 0.00% | Add |
| Citigroup Inc history | 8.14K | $423.36K | 0.00% | Reduce |
| PNC Financial Services history | 885 | $46.01K | 0.00% | Reduce |
New Positions (Q2 2026)
- JPMorgan Chase & Co 290.10K sh · $21.83M
- Goldman Sachs Group 45.89K sh · $3.47M
Fully Exited (vs previous quarter)
No tracked fund fully exited this quarter.
Fund Position History — shares by quarter (top 19 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 | 9.43M | 10.24M | 10.86M | 11.38M | 11.86M | 11.70M | 12.29M | 11.36M | 11.12M | — | — | — | — | — | — | — | — | — | — | — |
| Invesco Ltd | 5.80M | 6.13M | 4.33M | 4.36M | 4.59M | 4.46M | 4.59M | 4.40M | 4.91M | 4.74M | 4.35M | 4.62M | 4.73M | 5.09M | 1.30M | 1.26M | 1.48M | 1.57M | 1.50M | 2.20M |
| Morgan Stanley | 1.39M | 1.36M | 1.33M | 1.36M | 1.32M | 1.07M | 1.23M | 1.32M | 966.76K | 1.22M | 1.15M | 1.04M | 964.03K | 952.98K | 1.04M | 926.45K | 965.66K | 830.16K | 879.55K | 860.41K |
| Bank of America Corp | 974.90K | 963.93K | 896.78K | 937.06K | 883.79K | 918.02K | 1.47M | 1.68M | 1.79M | 1.89M | 1.87M | 1.56M | 1.57M | 1.55M | 1.43M | 775.58K | 818.99K | 191.26K | 182.63K | 173.90K |
| BNY Mellon | 924.85K | 954.22K | 1.20M | 831.66K | 845.23K | 872.11K | 723.74K | 726.14K | 730.75K | 741.81K | 723.39K | 708.86K | — | — | — | — | — | — | — | — |
| UBS Group AG | 702.11K | 678.00K | 199.28K | 204.72K | 147.07K | 124.94K | 125.59K | 126.59K | 126.69K | 76.62K | 72.62K | 69.95K | 67.31K | 55.58K | 64.16K | 110.20K | 110.58K | 117.30K | 122.39K | 118.08K |
| Wells Fargo & Co | 687.13K | 649.50K | 558.51K | 514.10K | 386.92K | 397.72K | 350.44K | 304.25K | 295.68K | 295.52K | 313.12K | 330.21K | 346.44K | 353.86K | 318.39K | 326.94K | 319.79K | 311.54K | 371.03K | 365.04K |
| JPMorgan Chase & Co | 290.10K | — | 244.25K | 114.91K | 116.60K | 70.97K | 66.53K | 58.44K | 48.01K | 112.37K | 105.73K | 39.04K | 31.56K | 24.93K | 17.96K | — | 7.84K | 5.37K | — | — |
| Goldman Sachs Group | 45.89K | — | — | — | — | 25.12K | — | — | 8.73K | — | — | — | — | — | — | — | — | — | — | — |
| Fidelity Management & Research (FMR) | 38.09K | 36.11K | 33.74K | 33.19K | 29.32K | 28.34K | 25.63K | 20.06K | 18.71K | 12.57K | 8.38K | 6.12K | 4.85K | 3.64K | 3.27K | 3.12K | 2.63K | 2.87K | 3.13K | 2.81K |
| AQR Capital Management | 26.44K | 15.97K | 13.27K | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Citigroup Inc | 12.31K | 11.23K | 9.48K | 10.17K | 7.92K | 8.14K | 8.88K | 8.81K | 8.99K | 8.87K | 7.73K | 7.21K | 7.12K | 6.69K | 5.93K | 5.95K | 7.51K | 5.05K | 5.25K | 3.21K |
| BlackRock Inc | 11.53K | 7.23K | 1.20K | 583 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Northern Trust Corp | 3.95K | 3.95K | 3.95K | 4.08K | 4.16K | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| PNC Financial Services | 1.37K | 465 | 465 | 465 | 465 | 885 | 1.27K | 1.27K | 846 | 846 | 387 | 4 | — | 5.00K | 5.00K | 5.00K | 5.00K | 5.00K | 5.00K | 64 |
| Citadel Advisors | — | — | 14.57K | 225.84K | 125.29K | — | — | — | 18.71K | 309.87K | 27.55K | 54.43K | — | 838.73K | 57.63K | — | — | — | 5.83K | 17.47K |
| Vanguard Group | — | — | 16.35K | 16.31K | 16.06K | 15.78K | 15.50K | 15.40K | 15.40K | 14.21K | 13.70K | 13.70K | — | — | — | — | — | — | — | — |
| Renaissance Technologies | — | — | — | — | — | — | — | — | — | — | — | — | 10.00K | 12.70K | — | — | — | — | — | — |
| Franklin Resources | — | — | — | — | — | — | — | — | 177 | — | — | — | — | — | — | — | — | — | — | — |
▲ Bought Low (fund opened/added, stock rose ≥5% next quarter) ▼ Sold High (fund reduced, stock fell ≥5% next quarter)
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