On November 7, 2025, Avanda Investment Management Pte. Ltd. sold its entire stake in Invesco KBW Bank ETF (NASDAQ:KBWB), reducing its holdings by approximately $31.3 million, leading to a 41.8% overall drop in reportable AUM.

Avanda Investment Management completely exited its position in KBWB, previously 10.3% of AUM, now reduced to zero. Top holdings post-filing include SE, YUMC, MBB, V, and GOOGL.

Shares of KBWB were priced at $78.44 as of November 10, 2025, up 20% over the past year, outperforming the S&P 500 by 4.6 percentage points.

The exit from KBWB comes amidst solid performance from U.S. banks, but also challenges from a slowing loan market and increased regulatory scrutiny. Avanda’s move could signal a shift towards less economically sensitive assets after a significant drop in AUM last quarter.

Read more at Nasdaq: Avanda Disclosed Complete Sale of 438K KBWB Shares Valued at $31.3 Million