We are live on ! Find out more
PPA icon

Invesco Aerospace & Defense ETF
PPA

446 hedge funds and large institutions have $3.65B invested in Invesco Aerospace & Defense ETF in 2025 Q3 according to their latest regulatory filings, with 61 funds opening new positions, 197 increasing their positions, 103 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

91% more repeat investments, than reductions

Existing positions increased: 197 | Existing positions reduced: 103

79% more first-time investments, than exits

New positions opened: 61 | Existing positions closed: 34

17% more capital invested

Capital invested by funds: $3.13B → $3.65B (+$519M)

13% more funds holding in top 10

Funds holding in top 10: 8 → 9 (+1)

4% more funds holding

Funds holding: 427 → 446 (+19)

0.09% more ownership

Funds ownership: 55.1% → 55.19% (+0.09%)

39% less call options, than puts

Call options by funds: $62.8M | Put options by funds: $103M

Holders
446
Holders Change
+19
Holders Change %
+4.45%
% of All Funds
5.85%
Holding in Top 10
9
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+12.5%
% of All Funds
0.12%
New
61
Increased
197
Reduced
103
Closed
34
Calls
$62.8M
Puts
$103M
Net Calls
-$40.3M
Net Calls Change
-$35.9M

Top Buyers

1
Bank of America
Bank of America
North Carolina
+$25.5M
2
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
+$23.5M
3
Ameriprise
Ameriprise
Minnesota
+$17.9M
4
Mirae Asset Global Investments
Mirae Asset Global Investments
South Korea
+$14.5M
5
QC
Quadrature Capital
United Kingdom
+$14.4M

Top Sellers

1
KAS
Kestra Advisory Services
Texas
-$34.2M
2
MCM
MAI Capital Management
Ohio
-$7.55M
3
NG
Norden Group
Utah
-$6.64M
4
CAAS
Capital Asset Advisory Services
Michigan
-$4.16M
5
AWM
Axxcess Wealth Management
California
-$3.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
IA
276
Integrity Alliance
Iowa
$350K +$63.4K +431 +24%
WFA
277
WMG Financial Advisors
Tennessee
$348K +$79.6K +541 +32%
RDFA
278
Ritter Daniher Financial Advisory
Ohio
$347K +$316K +2,148 +2,498%
VFG
279
V2 Financial group
Illinois
$342K – – –
Renaissance Technologies
280
Renaissance Technologies
New York
$342K +$324K +2,200 New
CAG
281
Csenge Advisory Group
Florida
$341K +$322K +2,191 New
WI
282
WBI Investments
New Jersey
$336K +$12.7K +86 +4%
KHC
283
Koesten Hirschmann & Crabtree
Kansas
$333K – – –
HWA
284
HCR Wealth Advisors
California
$332K +$95.6K +650 +44%
Northern Trust
285
Northern Trust
Illinois
$330K +$312K +2,122 New
FIA
286
Foundations Investment Advisors
Arizona
$329K +$311K +2,116 New
NGA
287
Naples Global Advisors
Florida
$329K +$311K +2,115 New
AC
288
AlphaCore Capital
California
$328K – – –
NW
289
NewEdge Wealth
Pennsylvania
$327K +$84.3K +573 +37%
WA
290
Waverly Advisors
Alabama
$325K +$82.7K +562 +37%
CIA
291
Compass Ion Advisors
Pennsylvania
$324K +$441 +3 +0.1%
Vontobel Holding
292
Vontobel Holding
Switzerland
$322K – – –
LIA
293
Lynx Investment Advisory
District of Columbia
$321K +$736 +5 +0.2%
WFC
294
Western Financial Corp
California
$314K -$88.7K -603 -23%
PCWA
295
Pacific Capital Wealth Advisors
California
$311K – – –
BCA
296
Bay Colony Advisors
Massachusetts
$310K +$8.97K +61 +3%
APW
297
Axim Planning & Wealth
Ohio
$308K +$291K +1,979 New
C
298
Certuity
Florida
$302K +$286K +1,942 New
DAS
299
Diversify Advisory Services
Utah
$302K +$147 +1 +0.1%
MIM
300
Marshall Investment Management
Colorado
$300K +$284K +1,932 New
10 11
12
13 14

PPA Hedge Fund Activity: Q3 2025 in Review

446 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Invesco Aerospace & Defense ETF (PPA) for Q3 2025, worth a combined $3.65B — up 17% from $3.13B a quarter earlier.

Buyers outnumbered sellers: 61 funds opened new PPA positions and 34 closed out — a net gain of 27 holders — while 197 added to existing stakes and 103 trimmed.

The largest buyer was Bank of America, adding an estimated $25.5M. The largest seller was Kestra Advisory Services, cutting an estimated $34.2M.

  • 446 institutional investors held Invesco Aerospace & Defense ETF (PPA) as of Q3 2025, up from 427 in Q2 2025.
  • Funds reported $3.65B of Invesco Aerospace & Defense ETF stock for Q3 2025, up 17% quarter-over-quarter.
  • 61 funds opened new Invesco Aerospace & Defense ETF positions in Q3 2025 and 34 closed out, a net change of +27 holders.
  • The largest Invesco Aerospace & Defense ETF buyer in Q3 2025 was Bank of America, an estimated $25.5M added.
  • The largest Invesco Aerospace & Defense ETF seller in Q3 2025 was Kestra Advisory Services, an estimated $34.2M sold.

Based on aggregated 13F filings for Q3 2025.