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
VAS
326
Vestmark Advisory Solutions
Massachusetts
$245K +$231K +1,573 New
SAM
327
Seelaus Asset Management
New Jersey
$237K +$224K +1,525 New
IP
328
Ignite Planners
California
$234K -$3.09K -21 -1%
CWS
329
Cypress Wealth Services
California
$232K +$220K +1,495 New
AWM
330
Apollon Wealth Management
South Carolina
$231K -$20K -136 -8%
FTS
331
Fifth Third Securities
Ohio
$230K +$218K +1,482 New
CL
332
Choreo LLC
Illinois
$227K +$215K +1,464 New
CPA
333
Cathy Pareto & Associates
Florida
$225K +$213K +1,449 New
ERIC
334
Eagle Rock Investment Company
Georgia
$224K – – –
DWM
335
Diversify Wealth Management
Utah
$222K +$294 +2 +0.1%
PWP
336
Principle Wealth Partners
Connecticut
$218K +$207K +1,404 New
CIBC Private Wealth Group
337
CIBC Private Wealth Group
Georgia
$211K +$294 +2 +0.1%
National Bank of Canada
338
National Bank of Canada
Quebec, Canada
$209K -$19.4K -132 -9%
SA
339
Strategic Advisors
New York
$209K -$20.3K -138 -9%
CAL
340
Capital Analysts LLC
Pennsylvania
$208K +$20.6K +140 +12%
AWM
341
Avaii Wealth Management
Wisconsin
$205K +$194K +1,318 New
KL
342
KWMG LLC
Kansas
$204K +$193K +1,310 New
NCM
343
Noesis Capital Mangement
Florida
$202K +$191K +1,300 New
OA
344
Operose Advisors
Wisconsin
$200K – – –
AA
345
Ancora Advisors
Ohio
$195K +$34.3K +233 +23%
NFSG
346
Newbridge Financial Services Group
Florida
$181K -$18.2K -124 -10%
EWP
347
Elevation Wealth Partners
California
$176K +$441 +3 +0.3%
PTC
348
Private Trust Company
Ohio
$172K -$22.7K -154 -12%
RIL
349
Rothschild Investment LLC
Illinois
$167K – – –
SFC
350
SYM Financial Corp
Indiana
$161K – – –
12 13
14
15 16

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.