Who Owns Invesco DB Commodity Index Tracking Fund (DBC)?Hedge Fund & Institutional Holders
Institutional Holders
50
as of Q4 2025
Total Institutional Value
$InfinityT
% of Float Held
—
QoQ Change in Holders
+10 / -3
Price History
DBC — Biggest New Institutional Buyers This Quarter
| Fund | Action | Shares Added | Value Added |
|---|---|---|---|
| JPMORGAN CHASE & CO | Increased | +711K | +$14.6B |
| Cordant, Inc. | New Position | +443K | +$9.9B |
| LOCKHEED MARTIN INVESTMENT MANAGEMENT CO | New Position | +430K | +$9.6B |
| M&T BANK CORP | Increased | +19K | +$9.5B |
| Gladwyn Financial Advisors, Inc. | New Position | +201K | +$4.5B |
| IFG Advisory, LLC | New Position | +172K | +$3.0B |
| KEYBANK NATIONAL ASSOCIATION/OH | New Position | +131K | +$2.9B |
| Man Group plc | Increased | +168K | +$2.9B |
| BKM Wealth Management, LLC | New Position | +71K | +$1.6B |
| Laird Norton Wetherby Trust Company, LLC | Increased | +108K | +$1.5B |
| Ashton Thomas Private Wealth, LLC | New Position | +49K | +$1.1B |
| COMMONWEALTH EQUITY SERVICES, LLC | New Position | +71K | +$1.0B |
| NWAM LLC | New Position | +39K | +$951.0M |
| Atlas Legacy Advisors, LLC | New Position | +42K | +$944.0M |
| CITADEL ADVISORS LLC | Increased | +42K | +$720.0M |
DBC — Institutions Reducing or Closing Positions
| Fund | Action | Shares Sold | Value Sold |
|---|---|---|---|
| LPL Financial LLC | Decreased | -4K | -$13.1B |
| WELLS FARGO & COMPANY/MN | Decreased | -304K | -$9.9B |
| HighVista Strategies LLC | Decreased | -379K | -$9.4B |
| Lido Advisors, LLC | Decreased | -186 | -$6.8B |
| Cetera Investment Advisers | Decreased | -3K | -$5.6B |
| Quadrature Capital Ltd | Closed Position | -240K | -$5.4B |
| DEUTSCHE BANK AG\ | Decreased | -45K | -$4.5B |
| GOLDMAN SACHS GROUP INC | Decreased | -157K | -$4.3B |
| AMERIPRISE FINANCIAL INC | Decreased | -21K | -$1.6B |
| Aureus Asset Management, LLC | Closed Position | -71K | -$1.6B |
| Integrated Wealth Concepts LLC | Closed Position | -65K | -$1.5B |
| BANK OF MONTREAL /CAN/ | Decreased | -2K | -$1.4B |
| ROYAL BANK OF CANADA | Decreased | -18K | -$1.3B |
| Mariner, LLC | Decreased | -1K | -$998.6M |
| Hilltop Holdings Inc. | Decreased | -11K | -$937.0M |
Top Institutional Holders(Q4 2025)
| # | Fund | Shares | Value | % of Portfolio | Type |
|---|---|---|---|---|---|
| 1 | BANK OF AMERICA CORP /DE/ | 3,191,094 | $71.0B | 0.01% | Share |
| 2 | WELLS FARGO & COMPANY/MN | 1,992,815 | $44.0B | 0.01% | Share |
| 3 | HighVista Strategies LLC | 1,057,238 | $23.0B | 5.93% | Share |
| 4 | WELLS FARGO & COMPANY/MN | 834,863 | $18.0B | 0.00% | Share |
| 5 | JPMORGAN CHASE & CO | 720,376 | $16.0B | 0.00% | Share |
| 6 | BANK OF AMERICA CORP /DE/ | 719,618 | $16.0B | 0.00% | Share |
| 7 | DEUTSCHE BANK AG\ | 568,519 | $12.0B | 0.00% | Share |
| 8 | Palumbo Wealth Management LLC | 485,566 | $10.9B | 2.68% | Share |
| 9 | WELLS FARGO & COMPANY/MN | 458,086 | $10.0B | 0.00% | Share |
| 10 | Cordant, Inc. | 442,987 | $9.9B | 4.15% | Share |
| 11 | LOCKHEED MARTIN INVESTMENT MANAGEMENT CO | 430,000 | $9.6B | 0.32% | Share |
| 12 | Avos Capital Management, LLC | 410,393 | $9.2B | 4.01% | Share |
| 13 | VICTORY CAPITAL MANAGEMENT INC | 439,100 | $9.0B | 0.01% | Share |
| 14 | Man Group plc | 438,269 | $9.0B | 0.02% | Share |
| 15 | DEUTSCHE BANK AG\ | 274,048 | $6.0B | 0.00% | Share |
| 16 | Gladwyn Financial Advisors, Inc. | 190,195 | $4.3B | 2.99% | Share |
| 17 | Fund Evaluation Group, LLC | 185,314 | $4.1B | 0.14% | Share |
| 18 | M&T BANK CORP | 20,872 | $4.1B | 0.01% | Share |
| 19 | M&T BANK CORP | 20,763 | $4.0B | 0.01% | Share |
| 20 | BANK OF AMERICA CORP /DE/ | 211,358 | $4.0B | 0.00% | Share |
| 21 | WELLS FARGO & COMPANY/MN | 221,717 | $4.0B | 0.00% | Share |
| 22 | UBS Group AG | 150,339 | $3.4B | 0.00% | Share |
| 23 | CSS LLC/IL | 140,422 | $3.1B | 0.14% | Share |
| 24 | MANUFACTURERS LIFE INSURANCE COMPANY, THE | 138,449 | $3.0B | 0.00% | Share |
| 25 | IFG Advisory, LLC | 172,390 | $3.0B | 0.13% | Share |
| 26 | KEYBANK NATIONAL ASSOCIATION/OH | 131,445 | $2.9B | 0.01% | Share |
| 27 | Cinctive Capital Management LP | 100,000 | $2.2B | 0.12% | Call |
| 28 | M&T BANK CORP | 10,771 | $2.1B | 0.01% | Share |
| 29 | Laird Norton Wetherby Trust Company, LLC | 127,667 | $2.0B | 0.04% | Share |
| 30 | Neuberger Berman Group LLC | 122,209 | $2.0B | 0.00% | Share |
| 31 | BKM Wealth Management, LLC | 70,750 | $1.6B | 0.58% | Share |
| 32 | Ashton Thomas Private Wealth, LLC | 48,673 | $1.1B | 0.03% | Share |
| 33 | CITADEL ADVISORS LLC | 54,476 | $1.0B | 0.00% | Share |
| 34 | GOLDMAN SACHS GROUP INC | 50,000 | $1.0B | 0.00% | Call |
| 35 | JPMORGAN CHASE & CO | 79,696 | $1.0B | 0.00% | Share |
| 36 | STIFEL FINANCIAL CORP | 62,498 | $1.0B | 0.00% | Share |
| 37 | AMERIPRISE FINANCIAL INC | 76,232 | $1.0B | 0.00% | Share |
| 38 | COMMONWEALTH EQUITY SERVICES, LLC | 71,295 | $1.0B | 0.00% | Share |
| 39 | Atria Investments, Inc | 73,202 | $1.0B | 0.01% | Share |
| 40 | DEUTSCHE BANK AG\ | 85,637 | $1.0B | 0.00% | Share |
| 41 | Hilltop Holdings Inc. | 73,568 | $1.0B | 0.06% | Share |
| 42 | ROYAL BANK OF CANADA | 83,098 | $1.0B | 0.00% | Share |
| 43 | MACKENZIE FINANCIAL CORP | 75,130 | $1.0B | 0.00% | Share |
| 44 | OSAIC HOLDINGS, INC. | 48,133 | $1.0B | 0.00% | Share |
| 45 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 62,500 | $1.0B | 0.00% | Put |
| 46 | NWAM LLC | 39,157 | $951.0M | 0.05% | Share |
| 47 | Atlas Legacy Advisors, LLC | 42,248 | $944.0M | 0.17% | Share |
| 48 | FIDUCIARY FINANCIAL GROUP, LLC | 42,003 | $939.0M | 0.13% | Share |
| 49 | DUFF & PHELPS INVESTMENT MANAGEMENT CO | 41,694 | $932.0M | 0.01% | Share |
| 50 | Sigma Planning Corp | 41,408 | $925.0M | 0.03% | Share |
DBC Institutional Ownership History
| Quarter | Holders | Total Value | Change |
|---|---|---|---|
| Q4 2025 | 205 | $348.0B | +76 |
| Q3 2025 | 129 | $289.7B | -41 |
| Q2 2025 | 170 | $378.5B | -36 |
| Q1 2025 | 206 | $519.7B | +27 |
| Q4 2024 | 179 | $2.6T | +28 |
| Q3 2024 | 151 | $34.4T | -6 |
| Q2 2024 | 157 | $25.7T | -1 |
| Q1 2024 | 158 | $28.1T | — |
Similar Stocks by Institutional Ownership
As of Q4 2025, 50 institutional investors hold DBC (Invesco DB Commodity Index Tracking Fund). The largest holder is BANK OF AMERICA CORP /DE/ with $71.0B in shares. This quarter, 10 institutions opened new positions and 3 closed their positions.
Frequently Asked Questions
How many hedge funds own DBC?
As of Q4 2025, 50 institutional investors report holding DBC (Invesco DB Commodity Index Tracking Fund) in their 13F filings.
Who is the largest institutional holder of DBC?
The largest institutional holder of DBC is BANK OF AMERICA CORP /DE/ with $71.0B in shares.
Is institutional ownership of DBC increasing or decreasing?
This quarter, 10 institutions opened new positions in DBC and 3 closed their positions.