Invesco National Amt-Free MuPZAETF

13F holders, Q3 2025 (September 30)
250holders +27
51new positions
24sold out
2famous investors
$23.09avg. 13F price*

At the end of Q3 2025, 250 institutions reported holding Invesco National Amt-Free Mu (PZA) in their 13F filings, up 27 from Q2 2025. 51 opened new positions and 24 sold out. The largest holders were Bank of America Corp. ($1.2B), Wellington Management Group LLP ($117.2M) and Cliftonlarsonallen Wealth Advisors, LLC ($95.8M). 2 famous investors held it, including Jim Simons / Peter Brown (0.0% of Renaissance Technologies's portfolio) and Israel Englander (0.0% of Millennium Management's portfolio).

Company
Invesco National Amt-Free Mu
CUSIP
46138E537
Latest filing quarter
Q2 2026

History

Number of 13F holders

0100200300400 Q1 2024: 197Q1 2024Q2 2024: 211Q2 2024Q3 2024: 217Q3 2024Q4 2024: 229Q4 2024Q1 2025: 213Q1 2025Q2 2025: 223Q2 2025Q3 2025: 250Q3 2025Q4 2025: 268Q4 2025Q1 2026: 294Q1 2026Q2 2026: 324Q2 2026

Total Exit/New Position Q2 2025 → Q3 2025

InstitutionsTotal Value
New Positions51$238.4M
Exits24$20.5M

All 13F filers, Q2 2025 → Q3 2025: 22,403,773 shares bought and 4,492,421 shares sold, net +17,911,352 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 250 holders

Bank of America Corp. 0.09% Add +13.9% 52,945,741 $1.2B
Wellington Management Group LLP 0.02% New 5,075,800 $117.2M
Cliftonlarsonallen Wealth Advisors, LLC 1.51% Add +6.5% 4,148,197 $95.8M
Richard Bernstein Advisors LLC 2.03% New 3,071,002 $71.3M
Envestnet Asset Management Inc. 0.02% Add +42.8% 2,763,992 $63.8M
LPL Financial LLC 0.02% Add +9.2% 2,640,438 $61.0M
Bank of New York Mellon Corp 0.01% Add +26.7% 2,270,025 $52.4M
Morgan Stanley 0.00% Add +17.7% 2,244,677 $51.8M
UBS Group AG 0.01% Add +46.9% 1,897,446 $43.8M
Northwestern Mutual Wealth Management Co. 0.02% Add +10.2% 1,572,593 $36.3M
Wells Fargo & Company 0.01% Reduce -24.4% 1,340,994 $31.0M
Composition Wealth, LLC 0.44% Add +44.6% 1,265,249 $29.2M
Stifel Financial Corp. 0.02% Add +10.5% 880,505 $20.3M
Ameriprise Financial Inc. 0.00% Reduce -2.9% 870,110 $20.1M
Cetera Investment Advisers 0.02% Add +36.5% 720,058 $16.6M
Gerber Kawasaki Wealth & Investment Management 0.54% Add +35.5% 677,032 $15.6M
Raymond James Financial Inc. 0.00% Reduce -8.1% 608,977 $14.1M
Osaic Holdings, Inc. 0.02% Reduce -3.3% 577,844 $13.0M
Stratos Wealth Partners, LTD. 0.15% Reduce -28.6% 528,935 $12.2M
Jane Street Group, LLC 0.01% Reduce -49.2% 516,116 $11.9M
JPMorgan Chase & Co. 0.00% Reduce -1.0% 501,945 $11.6M
Avidian Wealth Enterprises, LLC 0.42% Add +1139.9% 486,716 $11.2M
Allworth Financial LP 0.05% Add +3.4% 454,762 $10.5M
Sanctuary Advisors, LLC 0.06% Add +234.3% 442,650 $10.2M
Sofi Wealth, LLC 0.55% New 438,287 $10.1M
Renaissance Technologies 0.01% Add +13.4% 431,230 $10.0M
Commonwealth Equity Services, LLC 0.01% Add +56.4% 411,581 $9.5M
Rockefeller Capital Management L.P. 0.02% Reduce -5.1% 400,616 $9.3M
Elequin Capital, LP 0.79% New 400,000 $9.2M
Assetmark, Inc. 0.02% Add +4.5% 357,182 $8.2M
IHT Wealth Management, LLC 0.20% Add +6.8% 335,939 $7.8M
Stewardship Advisors, LLC 1.80% Add +1.1% 329,387 $7.6M
PNC Financial Services Group, Inc. 0.00% Reduce -0.2% 326,073 $7.5M
US Bancorp \de 0.01% Reduce -5.4% 308,059 $7.1M
Trustmark Bank Trust Department 0.40% Reduce -4.1% 267,822 $6.2M
Comerica Bank 0.02% Reduce -12.5% 265,583 $6.1M
Tortoise Investment Management, LLC 0.54% Reduce -6.3% 264,482 $6.1M
Simon Quick Advisors, LLC 0.27% Reduce -10.4% 262,908 $6.1M
Royal Bank of Canada 0.00% Reduce -3.4% 257,125 $5.9M
Wealth Enhancement Advisory Services, LLC 0.01% Add +4.0% 246,115 $5.7M
Anderson Hoagland & Co. 0.51% Reduce -5.7% 244,531 $5.6M
MML Investors Services, LLC 0.01% Reduce -37.2% 243,044 $5.6M
Traphagen Investment Advisors LLC 0.45% Add +10.5% 225,925 $5.2M
Confluence Investment Management LLC 0.07% Reduce -30.3% 221,206 $5.1M
1900 Wealth Management LLC 0.29% Add +422.7% 186,416 $4.3M
Shepherd Financial Partners LLC 0.41% New 185,664 $4.3M
Moneta Group Investment Advisors LLC 0.03% New 180,801 $4.2M
Integrated Wealth Concepts LLC 0.04% Add +44.1% 176,908 $4.1M
Petix & Botte Co 0.93% Add +8.4% 174,878 $4.0M
McAdam, LLC 0.20% Reduce -18.5% 172,883 $4.0M
Goodman Advisory Group, LLC 0.98% New 170,813 $3.9M
Ashton Thomas Securities, LLC 0.54% Add +188.6% 166,971 $3.9M
TD Private Client Wealth LLC 0.08% Add +69.6% 162,150 $3.7M
Private Advisor Group, LLC 0.02% Add +13.2% 161,471 $3.7M
Truist Financial Corp. 0.00% Reduce -66.3% 152,200 $3.5M
Park Avenue Securities LLC 0.03% Add +68.3% 149,955 $3.5M
Seeds Investor LLC 0.67% Reduce -50.1% 138,099 $3.2M
Jones Financial Companies LLLP 0.00% Add +23.5% 121,000 $2.8M
Clark Capital Management Group, Inc. 0.02% Add +37.0% 119,326 $2.8M
Rochester Wealth Strategies, LLC 1.50% Add +12.6% 99,198 $2.3M
SteelPeak Wealth, LLC 0.08% Reduce -20.8% 97,444 $2.2M
Leeward Financial Partners, LLC 0.61% Add +33.1% 93,496 $2.2M
First Foundation Advisors 0.08% Reduce -23.2% 92,901 $2.1M
Collaborative Wealth Managment Inc. 0.86% Add +14.9% 91,865 $2.1M
Principal Securities, Inc. 0.03% Add +28.6% 88,154 $2.0M
First Heartland Consultants, Inc. 0.16% Reduce -12.9% 86,756 $2.0M
Northeast Financial Group, Inc. 0.48% Add +7.5% 83,480 $1.9M
Advisory Services Network, LLC 0.03% Reduce -7.9% 82,323 $1.9M
AE Wealth Management LLC 0.01% Add +252.5% 72,448 $1.7M
West Wealth Group, LLC 0.36% New 69,368 $1.6M
Ssa Swiss Advisors AG 0.75% Add +1.5% 69,581 $1.6M
Vise Technologies, Inc. 0.06% Add +329.3% 69,536 $1.6M
Concurrent Investment Advisors, LLC 0.03% Add +13.4% 67,831 $1.6M
Econ Financial Services Corp 0.74% Reduce -17.0% 63,861 $1.5M
Waverly Advisors, LLC 0.01% Reduce -7.9% 59,788 $1.4M
Flynn Zito Capital Management, LLC 0.51% Add +17.9% 59,584 $1.4M
Elevation Point Wealth Partners, LLC 0.09% New 58,264 $1.3M
Spire Wealth Management 0.05% Reduce -29.8% 57,761 $1.3M
Garden State Investment Advisory Services LLC 0.33% Add +41.1% 56,771 $1.3M
Prelude Capital Management, LLC 0.10% New 56,750 $1.3M
Annex Advisory Services, LLC 0.03% Reduce -87.3% 52,913 $1.2M
Cambridge Investment Research Advisors, Inc. 0.00% Add +67.6% 51,570 $1.2M
Fiduciary Trust Co 0.01% No change 50,000 $1.2M
Choreo, LLC 0.01% Add +9.0% 49,471 $1.1M
Keybank National Association 0.00% Reduce -46.5% 47,318 $1.1M
Calton & Associates, Inc. 0.16% Reduce -1.1% 46,795 $1.1M
Synergy Investment Management, LLC 0.40% New 45,585 $1.1M
Creative Planning 0.00% Reduce -41.5% 45,337 $1.0M
FOCUS Wealth Advisors, LLC 0.50% Add +7.3% 45,316 $1.0M
Ausdal Financial Partners, Inc. 0.05% Add +0.6% 45,269 $1.0M
MIdWestOne Financial Group, Inc. 0.13% Add +20.7% 45,260 $1.0M
Per Stirling Capital Management, LLC. 0.12% Add +16.3% 44,640 $1.0M
ProVise Management Group, LLC 0.07% Add +6.5% 43,524 $1.0M
Merit Financial Group, LLC 0.01% Reduce -1.1% 43,125 $996K
Perennial Investment Advisors, LLC 0.08% New 41,695 $963K
World Investment Advisors 0.02% Add +15.8% 37,633 $869K
Quadrant Private Wealth Management, LLC 0.16% New 36,917 $852K
Running Point Capital Advisors, LLC 0.22% Add +2.4% 35,976 $831K
UMB Bank, n.a. 0.01% Reduce -2.5% 34,638 $800K
Kestra Advisory Services, LLC 0.00% Add +34.3% 34,589 $799K
CX Institutional 0.02% Reduce -17.5% 33,807 $781K
ShoreHaven Wealth Partners, LLC 0.28% New 32,997 $762K
Ally Invest Advisors Inc. 0.05% Add +14.1% 32,964 $761K
Bernardo Wealth Planning LLC 0.15% Add +1.2% 32,751 $756K
Ascent Group, LLC 0.03% New 31,781 $734K
Flagship Harbor Advisors, LLC 0.03% Add +0.5% 31,356 $724K
HighTower Advisors, LLC 0.00% Add +34.6% 31,150 $719K
Captrust Financial Advisors 0.00% Reduce -7.9% 31,067 $717K
Advisory Alpha, LLC 0.02% Add +7.5% 30,973 $716K
Janney Montgomery Scott LLC 0.00% New 30,909 $714K
Atria Investments, Inc 0.01% New 30,369 $701K
Vestmark Advisory Solutions, Inc. 0.01% Reduce -53.1% 30,329 $700K
Mma Asset Management LLC 0.23% Reduce -18.6% 29,208 $674K
Robertson Stephens Wealth Management, LLC 0.02% No change 29,199 $674K
Tyche Wealth Partners LLC 0.11% Reduce -7.1% 27,887 $644K
PFW Advisors LLC 0.18% Add +41.4% 26,820 $619K
Revisor Wealth Management LLC 0.21% Reduce -13.1% 26,340 $610K
Keystone Financial Group 0.05% New 26,224 $606K
Crews Bank & Trust 0.09% No change 26,010 $601K
Wealthcare Advisory Partners LLC 0.01% New 24,951 $576K
Envestnet Portfolio Solutions, Inc. 0.00% Add +18.1% 24,128 $557K
Ackerman Capital Advisors, LLC 0.11% No change 23,663 $546K
Sowell Financial Services LLC 0.02% Reduce -3.6% 23,055 $532K
IFG Advisory, LLC 0.02% Add +21.5% 22,933 $530K
Colonial River Investments, LLC 0.19% Add +21.3% 22,468 $519K
Axxcess Wealth Management, LLC 0.01% Add +22.4% 22,289 $515K
J.W. Cole Advisors, Inc. 0.01% No change 21,760 $502K
C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors 0.03% Add +17.2% 21,730 $502K
Blue Trust, Inc. 0.01% Add +0.8% 21,555 $498K
NewEdge Advisors, LLC 0.00% Reduce -14.1% 21,511 $497K
Dynamic Advisor Solutions LLC 0.01% Reduce -0.6% 21,170 $489K
Engineers Gate Manager LP 0.01% New 20,859 $482K
MRP Capital Investments, LLC 0.41% No change 21,361 $478K
Commerce Bank 0.00% No change 20,570 $475K
HRT Financial LP 0.00% Reduce -42.8% 20,548 $474K
Advisory Resource Group 0.08% Reduce -4.1% 20,432 $472K
Gladstone Institutional Advisory LLC 0.02% Reduce -13.7% 20,030 $462K
Wiser Advisor Group LLC 0.56% New 19,472 $450K
Orion Porfolio Solutions, LLC 0.00% Add +22.2% 18,336 $423K
Vectors Research Management, LLC 0.13% Reduce -14.9% 18,026 $416K
Courier Capital LLC 0.02% Reduce -14.9% 18,026 $416K
Sepio Capital, LP 0.02% Add +0.4% 17,562 $406K
Steward Partners Investment Advisory, LLC 0.00% Reduce -9.2% 17,543 $405K
Ehrlich Financial Group 0.24% New 17,498 $404K
Exencial Wealth Advisors, LLC 0.01% No change 16,874 $390K
Veltria Advisors Corp. 1.69% New 16,640 $384K
Thomasville National Bank 0.02% No change 16,600 $383K
Summit Wealth Group LLC / Co. 0.04% New 17,022 $377K
Old Mission Capital LLC 0.01% New 15,968 $369K
Mach-1 Financial Group, LLC 0.06% New 15,439 $356K
Integrity Advisory Solutions, LLC 0.06% — 15,439 $356K
FLP Wealth Management, LLC 1.00% New 15,311 $354K
Susquehanna International Group, LLP 0.00% Reduce -81.8% 15,125 $349K
Townsquare Capital LLC 0.05% Reduce -8.1% 14,839 $343K
First United Bank & Trust 0.11% Reduce -21.3% 14,211 $328K
Invested Advisors 0.47% — 13,783 $324K
American Institute for Advanced Investment Management, LLP 0.21% Add +13.7% 13,695 $316K
Fortis Capital Advisors, LLC 0.05% Reduce -14.2% 13,583 $314K
Belpointe Asset Management LLC 0.01% Reduce -14.2% 13,583 $314K
Cary Street Partners Financial LLC 0.01% Add +18.9% 13,528 $312K
Tempus Wealth Planning, LLC 0.07% Reduce -0.6% 13,025 $301K
Silver Oak Securities, Incorporated 0.02% Add +1.9% 12,814 $296K
CAP Partners, LLC 0.17% Add +0.8% 12,810 $296K
Millennium Management 0.00% New 12,785 $295K
Schwallier Wealth Management LLC 0.18% New 12,683 $293K
Kwmg, LLC 0.03% Reduce -49.3% 12,458 $288K
Cullen/Frost Bankers, Inc. 0.00% Add +421.4% 12,373 $286K
Diversify Advisory Services, LLC 0.01% New 12,130 $283K
Mascoma Wealth Management LLC 0.06% Add +0.2% 12,183 $281K
PAX Financial Group, LLC 0.05% Add +2.4% 12,128 $280K
First Trust Advisors LP 0.00% New 12,105 $280K
Tandem Financial, LLC 0.10% New 11,967 $276K
Total Clarity Wealth Management, Inc. 0.07% Add +10.9% 11,638 $269K
Mariner, LLC 0.00% Reduce -38.7% 11,289 $261K
Meridian Wealth Management, LLC 0.01% New 11,250 $260K
Capstone Financial Advisors, Inc. 0.01% New 11,233 $259K
&partners 0.00% Reduce -8.9% 11,169 $258K
Addison Advisors LLC 0.06% No change 11,160 $258K
Harbour Investments, Inc. 0.01% Add +58.1% 11,002 $254K
Synovus Financial Corp. 0.00% New 10,966 $253K
Quadrature Capital Ltd 0.00% Reduce -98.2% 10,915 $252K
Procyon Advisors, LLC 0.01% Add +2.1% 10,891 $251K
Hilltop Holdings Inc. 0.01% New 10,822 $250K
Patron Partners, LLC 0.11% New 10,795 $249K
Liberty Square Wealth Partners LLC 0.07% No change 10,437 $241K
First Citizens Financial Corp 0.12% Add +1.8% 10,382 $240K
Great Valley Advisor Group, Inc. 0.00% No change 10,334 $239K
High Falls Advisors, Inc 0.05% New 9,848 $227K
NewEdge Wealth, LLC 0.00% Reduce -4.3% 9,639 $224K
Parcion Private Wealth LLC 0.01% Reduce -87.4% 9,573 $221K
Harmony Asset Management LLC 0.07% Reduce -9.7% 9,300 $215K
KFA Private Wealth Group, LLC 0.06% Reduce -70.6% 9,195 $212K
Cornerstone Wealth Management, LLC 0.01% New 9,150 $211K
James J. Burns & Company, LLC 0.03% Reduce -3.5% 9,054 $209K
BlackRock, Inc. 0.00% Add +428.3% 8,991 $208K
PFG Advisors 0.01% New 8,878 $205K
Vontobel Holding Ltd. 0.00% Reduce -2.3% 8,843 $204K
Interactive Financial Advisors, Inc. 0.11% Reduce -6.6% 8,831 $204K
Farther Finance Advisors, LLC 0.00% No change 6,901 $159K
Ancora Advisors LLC 0.00% Reduce -2.2% 6,758 $156K
Aptus Capital Advisors, LLC 0.00% No change 6,161 $142K
Richardson Financial Services Inc. 0.09% Add +0.2% 6,010 $139K
Pineridge Advisors LLC 0.04% Reduce -2.6% 5,707 $132K
Private Trust Co. NA 0.01% Add +379.3% 5,598 $129K
Creative Financial Designs Inc. 0.01% New 5,441 $126K
Independence Bank of Kentucky 0.01% Reduce -3.7% 4,690 $108K
Greykasell Wealth Strategies, Inc. 0.05% No change 4,639 $107K
Simplex Trading, LLC 0.00% New 4,435 $102K
Capital Investment Advisory Services, LLC 0.01% Reduce -57.7% 3,990 $92K
New Millennium Group LLC 0.04% Add +3.9% 3,983 $92K
IFP Advisors, Inc 0.00% Add +3.5% 3,954 $91K
Parkside Financial Bank & Trust 0.01% Reduce -20.1% 3,952 $91K
Global Retirement Partners, LLC 0.00% Add +55.7% 3,742 $86K
Wealthspire Advisors, LLC 0.00% New 3,547 $82K
FMR LLC 0.00% Reduce -56.0% 2,970 $69K
Realta Investment Advisors 0.02% No change 2,889 $67K
IMG Wealth Management, Inc. 0.04% Add +3.4% 2,656 $61K
Cwm, LLC 0.00% Add +639.3% 2,580 $60K
Westside Investment Management, Inc. 0.01% No change 2,500 $58K
AlphaCore Capital LLC 0.00% Reduce -14.8% 2,430 $56K
Proathlete Wealth Management LLC 0.02% No change 2,387 $55K
United Financial Planning Group LLC 0.03% — 2,273 $52K
Albion Financial Group 0.00% No change 1,935 $45K
EverSource Wealth Advisors, LLC 0.00% Reduce -14.0% 1,924 $44K
Winthrop Capital Management, LLC 0.01% No change 1,626 $38K
Blair William & Co. 0.00% Add +795.2% 1,486 $34K
MAI Capital Management 0.00% No change 1,421 $33K
Lanark Financial, Inc. 0.00% New 1,005 $23K
N.E.W. Advisory Services LLC 0.00% No change 1,000 $23K
Franklin Resources Inc. 0.00% No change 1,000 $23K
First PREMIER Bank 0.01% No change 1,000 $23K
Horizon Financial Services, LLC 0.01% No change 911 $21K
Geneos Wealth Management Inc. 0.00% Reduce -7.8% 772 $18K
Golden State Wealth Management, LLC 0.00% Add +0.9% 692 $16K
Founders Financial Alliance, LLC 0.00% New 678 $16K
Centennial Bank 0.01% New 667 $15K
AdvisorNet Financial, Inc 0.00% No change 616 $14K
Bogart Wealth, LLC 0.00% No change 549 $13K
Ameritas Advisory Services, LLC 0.00% Reduce -51.9% 462 $11K
Fifth Third Bancorp 0.00% New 410 $9K
LGT Financial Advisors LLC 0.01% New 278 $6K
Versant Capital Management, Inc 0.00% No change 258 $6K
Rossby Financial, LCC 0.00% Add +58.1% 253 $6K
Smartleaf Asset Management LLC 0.00% New 186 $4K
Financial Network Wealth Advisors LLC 0.00% Add +87.6% 182 $4K
Evolution Wealth Management Inc. 0.00% New 106 $2K
Signaturefd, LLC 0.00% New 92 $2K
MassMutual Private Wealth & Trust, FSB 0.00% No change 73 $2K
Tower Research Capital LLC (TRC) 0.00% Add +2233.3% 70 $2K
Transamerica Financial Advisors, LLC 0.00% No change 23 $515

"% of holder's portfolio" is PZA's weight in each manager's 13F, not the share of Invesco National Amt-Free Mu the manager owns.