Invesco Aerospace & Defense ETF
400 hedge funds and large institutions have $2.51B invested in Invesco Aerospace & Defense ETF in 2025 Q1 according to their latest regulatory filings, with 49 funds opening new positions, 135 increasing their positions, 134 reducing their positions, and 36 closing their positions.
36% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 36
25% more funds holding in top 10
Funds holding in top 10: 8 → 10 (+2)
6% more capital invested
Capital invested by funds: $2.37B → $2.51B (+$140M)
4.53% more ownership
Funds ownership: 50.44% → 54.98% (+4.5%)
2% more funds holding
Funds holding: 392 → 400 (+8)
1% more repeat investments, than reductions
Existing positions increased: 135 | Existing positions reduced: 134
77% less call options, than puts
Call options by funds: $122M | Put options by funds: $533M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$189M |
| 2 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$27M |
| 3 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$4.62M |
| 4 |
Jones Financial Companies
Des Peres,
Missouri
|
+$4.31M |
| 5 |
PCM
Penserra Capital Management
Orinda,
California
|
+$3.86M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
National Bank of Canada
Montreal,
Quebec, Canada
|
-$31.4M |
| 2 |
STA
Summit Trail Advisors
New York
|
-$24.6M |
| 3 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
-$19.8M |
| 4 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
-$12.8M |
| 5 |
Raymond James Financial
St Petersburg,
Florida
|
-$10.8M |
PPA Hedge Fund Activity: Q1 2025 in Review
400 of the 7,472 institutional investors tracked by Wall St. Rank reported a position in Invesco Aerospace & Defense ETF (PPA) for Q1 2025, worth a combined $2.51B — up 5.9% from $2.37B a quarter earlier.
Buyers outnumbered sellers: 49 funds opened new PPA positions and 36 closed out — a net gain of 13 holders — while 135 added to existing stakes and 134 trimmed.
The largest buyer was Bank of America, adding an estimated $189M. The largest seller was National Bank of Canada, cutting an estimated $31.4M.
- 400 institutional investors held Invesco Aerospace & Defense ETF (PPA) as of Q1 2025, up from 392 in Q4 2024.
- Funds reported $2.51B of Invesco Aerospace & Defense ETF stock for Q1 2025, up 5.9% quarter-over-quarter.
- 49 funds opened new Invesco Aerospace & Defense ETF positions in Q1 2025 and 36 closed out, a net change of +13 holders.
- The largest Invesco Aerospace & Defense ETF buyer in Q1 2025 was Bank of America, an estimated $189M added.
- The largest Invesco Aerospace & Defense ETF seller in Q1 2025 was National Bank of Canada, an estimated $31.4M sold.
Based on aggregated 13F filings for Q1 2025.