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Invesco Aerospace & Defense ETF

398 hedge funds and large institutions have $2.5B invested in Invesco Aerospace & Defense ETF in 2025 Q1 according to their latest regulatory filings, with 48 funds opening new positions, 136 increasing their positions, 133 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more first-time investments, than exits

New positions opened: 48 | Existing positions closed: 36

29% more funds holding in top 10

Funds holding in top 10: 79 (+2)

6% more capital invested

Capital invested by funds: $2.36B → $2.5B (+$141M)

4.55% more ownership

Funds ownership: 50.25%54.8% (+4.6%)

2% more funds holding

Funds holding: 391398 (+7)

2% more repeat investments, than reductions

Existing positions increased: 136 | Existing positions reduced: 133

77% less call options, than puts

Call options by funds: $122M | Put options by funds: $533M

Holders
398
Holders Change
+7
Holders Change %
+1.79%
% of All Funds
5.34%
Holding in Top 10
9
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+28.57%
% of All Funds
0.12%
New
48
Increased
136
Reduced
133
Closed
36
Calls
$122M
Puts
$533M
Net Calls
-$412M
Net Calls Change
-$472M
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of America
1
Bank of America
North Carolina
$894M +$189M +1,604,509 +26%
Morgan Stanley
2
Morgan Stanley
New York
$223M -$2.55M -21,654 -1%
LPL Financial
3
LPL Financial
California
$169M +$2.11M +17,921 +1%
UBS Group
4
UBS Group
Switzerland
$88.6M +$768K +6,532 +0.9%
Wells Fargo
5
Wells Fargo
California
$71.8M +$1.37M +11,682 +2%
HighTower Advisors
6
HighTower Advisors
Illinois
$58.2M +$370K +3,150 +0.6%
Raymond James Financial
7
Raymond James Financial
Florida
$53.4M -$10.8M -91,457 -17%
MMA
8
Miracle Mile Advisors
California
$42.6M -$19.8M -168,706 -32%
CAAS
9
Capital Asset Advisory Services
Michigan
$41.3M -$14.7K -125 -0%
AWM
10
Axxcess Wealth Management
California
$40.4M -$15.9K -135 -0%
STA
11
Summit Trail Advisors
New York
$38.3M -$24.6M -209,495 -39%
MCM
12
MAI Capital Management
Ohio
$36.5M -$2.48M -21,076 -6%
Ameriprise
13
Ameriprise
Minnesota
$35.2M +$3.5M +29,790 +11%
Cetera Investment Advisers
14
Cetera Investment Advisers
Illinois
$32.6M +$4.62M +39,268 +16%
KAS
15
Kestra Advisory Services
Texas
$31.5M +$27M +229,345 +563%
MIH
16
Meitav Investment House
Israel
$31.5M -$2M -17,037 -6%
Osaic Holdings
17
Osaic Holdings
Arizona
$21.5M -$1.39M -11,833 -6%
Royal Bank of Canada
18
Royal Bank of Canada
Ontario, Canada
$20.5M +$1.69M +14,386 +9%
Cambridge Investment Research Advisors
19
Cambridge Investment Research Advisors
Iowa
$19.8M -$5.11M -43,425 -20%
KHLMVGHM
20
Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet
Israel
$19.4M
Envestnet Asset Management
21
Envestnet Asset Management
Illinois
$16.6M +$351K +2,984 +2%
SFS
22
Searcy Financial Services
Kansas
$15M +$16.5K +140 +0.1%
Stifel Financial
23
Stifel Financial
Missouri
$14.4M -$1.39M -11,835 -9%
Truist Financial
24
Truist Financial
North Carolina
$14.3M +$2.22M +18,893 +18%
Commonwealth Equity Services
25
Commonwealth Equity Services
Massachusetts
$13.3M -$286K -2,429 -2%

PPA Hedge Fund Activity: Q1 2025 in Review

398 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Invesco Aerospace & Defense ETF (PPA) for Q1 2025, worth a combined $2.5B — up 6% from $2.36B a quarter earlier.

Buyers outnumbered sellers: 48 funds opened new PPA positions and 36 closed out — a net gain of 12 holders — while 136 added to existing stakes and 133 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.

  • 398 institutional investors held Invesco Aerospace & Defense ETF (PPA) as of Q1 2025, up from 391 in Q4 2024.
  • Funds reported $2.5B of Invesco Aerospace & Defense ETF stock for Q1 2025, up 6% quarter-over-quarter.
  • 48 funds opened new Invesco Aerospace & Defense ETF positions in Q1 2025 and 36 closed out, a net change of +12 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.