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Invesco Aerospace & Defense ETF
PPA

285 hedge funds and large institutions have $1.53B invested in Invesco Aerospace & Defense ETF in 2023 Q4 according to their latest regulatory filings, with 62 funds opening new positions, 124 increasing their positions, 59 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

313% more first-time investments, than exits

New positions opened: 62 | Existing positions closed: 15

150% more funds holding in top 10

Funds holding in top 10: 4 → 10 (+6)

110% more repeat investments, than reductions

Existing positions increased: 124 | Existing positions reduced: 59

58% more capital invested

Capital invested by funds: $965M → $1.53B (+$563M)

19% more funds holding

Funds holding: 240 → 285 (+45)

6.81% more ownership

Funds ownership: 50.09% → 56.9% (+6.8%)

2% more call options, than puts

Call options by funds: $286M | Put options by funds: $280M

Holders
285
Holders Change
+45
Holders Change %
+18.75%
% of All Funds
4.16%
Holding in Top 10
10
Holding in Top 10 Change
+6
Holding in Top 10 Change %
+150%
% of All Funds
0.15%
New
62
Increased
124
Reduced
59
Closed
15
Calls
$286M
Puts
$280M
Net Calls
+$5.43M
Net Calls Change
+$32.4M

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$130M
2
Bank of America
Bank of America
North Carolina
+$41.3M
3
MTWSIF
Mivtachim The Workers Social Insurance Fund
Israel
+$31.8M
4
PS
Portfolio Strategies
New York
+$28.2M
5
GC
Greenlight Capital
New York
+$15.9M

Top Sellers

Rank Fund Capital Flow
1
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$6.18M
2
TRCT
Tower Research Capital (TRC)
New York
-$1.93M
3
Two Sigma Investments
Two Sigma Investments
New York
-$1.67M
4
SWP
Stratos Wealth Partners
Ohio
-$1.61M
5
FTUS
Flow Traders U.S.
New York
-$1.34M
Name Holding Trade Value Shares
Change 		Change in
Stake
NEPWA
51
New England Private Wealth Advisors
Massachusetts
$3.66M +$11.6K +136 +0.3%
CWM
52
Castle Wealth Management
Florida
$3.53M -$29.3K -343 -0.9%
FFN
53
Focus Financial Network
Minnesota
$3.51M +$2.72M +31,838 +508%
AAS
54
Avantax Advisory Services
Texas
$3.5M +$1.46M +17,047 +82%
Baird Financial Group
55
Baird Financial Group
Wisconsin
$3.47M -$73.4K -858 -2%
WWM
56
WT Wealth Management
Arizona
$3.3M +$113K +1,319 +4%
EH
57
Equitable Holdings
New York
$3.28M +$1.13M +13,204 +59%
SSCM
58
Spectrum Strategic Capital Management
Oregon
$3.17M +$2.94M +34,382 New
OC
59
Oppenheimer & Co
New York
$3.05M -$257K -3,007 -8%
RAM
60
Riggs Asset Management
Pennsylvania
$2.96M +$85.6K +1,001 +3%
CFGS
61
Concourse Financial Group Securities
Alabama
$2.86M +$684 +8 +0%
CFD
62
Creative Financial Designs
Indiana
$2.8M -$23.5K -275 -0.9%
KAS
63
Kestra Advisory Services
Texas
$2.69M +$88.5K +1,035 +4%
PSF
64
Pacific Sun Financial
California
$2.68M -$941 -11 -0%
OCM
65
Orleans Capital Management
Louisiana
$2.63M +$127K +1,485 +5%
CA
66
Cetera Advisors
Colorado
$2.46M +$822K +9,610 +56%
IWM
67
IHT Wealth Management
Illinois
$2.45M -$16.8K -197 -0.7%
AWS
68
Atria Wealth Solutions
New York
$2.42M +$369K +4,315 +20%
D
69
Diversified
Delaware
$2.36M -$47.3K -553 -2%
Renaissance Technologies
70
Renaissance Technologies
New York
$2.25M +$1.68M +19,600 +408%
JWCA
71
J.W. Cole Advisors
Florida
$2.19M +$445K +5,199 +28%
SWA
72
Stratos Wealth Advisors
Ohio
$2.06M -$102K -1,192 -5%
PWM
73
Perigon Wealth Management
California
$2.01M +$1.26M +14,690 +207%
Qube Research & Technologies (QRT)
74
Qube Research & Technologies (QRT)
United Kingdom
$1.87M +$800K +9,354 +85%
GVAG
75
Great Valley Advisor Group
Delaware
$1.75M -$85.1K -995 -5%
1 2
3
4 5

PPA Hedge Fund Activity: Q4 2023 in Review

285 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Invesco Aerospace & Defense ETF (PPA) for Q4 2023, worth a combined $1.53B — up 58% from $965M a quarter earlier.

Buyers outnumbered sellers: 62 funds opened new PPA positions and 15 closed out — a net gain of 47 holders — while 124 added to existing stakes and 59 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $130M. The largest seller was Commonwealth Equity Services, cutting an estimated $6.18M.

  • 285 institutional investors held Invesco Aerospace & Defense ETF (PPA) as of Q4 2023, up from 240 in Q3 2023.
  • Funds reported $1.53B of Invesco Aerospace & Defense ETF stock for Q4 2023, up 58% quarter-over-quarter.
  • 62 funds opened new Invesco Aerospace & Defense ETF positions in Q4 2023 and 15 closed out, a net change of +47 holders.
  • The largest Invesco Aerospace & Defense ETF buyer in Q4 2023 was Morgan Stanley, an estimated $130M added.
  • The largest Invesco Aerospace & Defense ETF seller in Q4 2023 was Commonwealth Equity Services, an estimated $6.18M sold.

Based on aggregated 13F filings for Q4 2023.