Del-Sette Bets Big on Invesco (IVZ) With a New 131,156 Share Position

What happened

According to a SEC filing dated November 18, 2025, Del-Sette Capital Management, LLC disclosed a new stake in Invesco (NYSE:IVZ), adding 131,156 shares with a quarter-end market value of approximately $3.01 million. The new holding reflects standard portfolio activity, with no prior position reported for the previous quarter.

What else to know

• This was a new position for the fund, representing 1.87% of 13F AUM, which places it outside the fund's top five holdings.
• Top five holdings after the filing:
  • NYSEMKT: IDOG: $14.42 million (9.0% of AUM)
  • NYSEMKT: EDOG: $12.26 million (7.6% of AUM)
  • NYSEMKT: FDL: $7.88 million (4.9% of AUM)
  • NYSEMKT: EEM: $6.87 million (4.3% of AUM)
  • NYSEMKT: DES: $6.02 million (3.7% of AUM)
• As of November 17, 2025, shares of Invesco were priced at $22.44, up 34.1% over the past year, outperforming the S&P 500 by 19.92 percentage points.
• Invesco reported trailing twelve-month revenue of $7.62 billion and net income of $998.90 million as of September 30, 2025.
• The stock offered a 3.7% dividend yield and was 8.53% below its 52-week high as of November 18, 2025.

Company overview

Company snapshot

• Offers investment management services including mutual funds, ETFs, private funds, and separate accounts across equity, fixed income, multi-asset, and alternative strategies.
• Serves a diversified client base comprising retail investors, institutions, pension funds, endowments, foundations, and sovereign wealth funds.
• Employs both quantitative and fundamental investment strategies to deliver tailored solutions for a broad spectrum of clients.

Invesco is a global asset manager with a comprehensive suite of investment products. Its scale and diversified offerings position it to compete effectively in the dynamic asset management industry.

Foolish take

Del-Sette Capital Management made a handful of new stock additions to its portfolio in the third quarter. Invesco was the second largest new addition with a value of $3.0 million at the end of September. The largest new addition to Del-Sette's portfolio in the third quarter was Altria, the company that markets Marlboro cigarettes in the U.S.

At 1.9% of the overall portfolio, Del-Sette's new Invesco position is significant. That said it wasn't in the fund's top 20 holdings at the end of September.

It's not hard to see why Del-Sette is bullish for Invesco. At the end of September, the financial services business reported assets under management that grew by 6.2% compared to the previous quarter. Assets under management rose to $2.1 trillion, which was a new record for the company.

It doesn't look like Invesco is cutting prices to drive the rapid business growth it's been reporting. It's adjusted operating margin expanded to 34.2% during the third quarter.

Glossary

Initiated position: When an investor buys a security for the first time, establishing a new holding in their portfolio.

13F reportable AUM: The assets under management that must be disclosed in quarterly SEC Form 13F filings by institutional investment managers.

Top five holdings: The five largest investments in a fund's portfolio, ranked by market value.

Dividend yield: The annual dividend payment expressed as a percentage of the stock's current price.

Trailing twelve-month (TTM): The 12-month period ending with the most recent quarterly report.

Portfolio activity: The buying or selling of securities within an investment fund or account.

Separate accounts: Investment portfolios managed individually for institutional or high-net-worth clients, distinct from pooled funds.

Alternative strategies: Investment approaches outside traditional stocks and bonds, such as hedge funds, private equity, or real assets.

Sovereign wealth funds: State-owned investment funds that manage national savings or reserves.

Outperforming: Achieving better returns than a specific benchmark or index over a given period.

Quarter-end market value: The value of an investment holding at the close of the most recent fiscal quarter.

Mutual funds: Investment vehicles pooling money from many investors to buy a diversified portfolio of securities.

Cory Renauer has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.