Belpointe Asset Management’s Invesco Aerospace & Defense ETF PPA Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$6.7M	Buy	40,413 +6,769	+20%	+$1.18M	0.24%	75
2025 Q4	$5.27M	Buy	33,644 +1,803	+6%	+$278K	0.19%	89
2025 Q3	$4.95M	Sell	31,841 -2,076	-6%	-$305K	0.19%	95
2025 Q2	$4.81M	Sell	33,917 -10,842	-24%	-$1.37M	0.2%	94
2025 Q1	$5.22M	Buy	44,759 +10,365	+30%	+$1.22M	0.27%	70
2024 Q4	$3.9M	Sell	34,394 -401	-1%	-$47.3K	0.24%	85
2024 Q3	$4M	Buy	34,795 +1,572	+5%	+$171K	0.24%	83
2024 Q2	$3.41M	Buy	33,223 +18,345	+123%	+$1.88M	0.24%	81
2024 Q1	$1.51M	Buy	+14,878	New	+$1.41M	0.11%	175
2023 Q2	–	Sell	-5,216	Closed	-$420K	–	2612
2023 Q1	$420K	Sell	5,216 -1,939	-27%	-$155K	0.02%	617
2022 Q4	$561K	Buy	+7,155	New	+$539K	0.03%	487
2020 Q1	–	Sell	-2,399	Closed	-$164K	–	743
2019 Q4	$164K	Sell	2,399 -180	-7%	-$12.2K	0.02%	604
2019 Q3	$175K	Buy	+2,579	New	+$172K	0.03%	504