Invesco Aerospace & Defense ETF
PPA
448 hedge funds and large institutions have $3.66B invested in Invesco Aerospace & Defense ETF in 2025 Q3 according to their latest regulatory filings, with 61 funds opening new positions, 198 increasing their positions, 104 reducing their positions, and 34 closing their positions.
90% more repeat investments, than reductions
Existing positions increased: 198 | Existing positions reduced: 104
79% more first-time investments, than exits
New positions opened: 61 | Existing positions closed: 34
16% more capital invested
Capital invested by funds: $3.15B → $3.66B (+$516M)
11% more funds holding in top 10
Funds holding in top 10: 9 → 10 (+1)
4% more funds holding
Funds holding: 429 → 448 (+19)
0.01% more ownership
Funds ownership: 55.31% → 55.32% (+0.01%)
39% less call options, than puts
Call options by funds: $62.8M | Put options by funds: $103M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$25.5M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
+$23.5M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$17.9M |
| 4 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$14.5M |
| 5 |
QC
Quadrature Capital
London,
United Kingdom
|
+$14.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KAS
Kestra Advisory Services
Austin,
Texas
|
-$34.2M |
| 2 |
MCM
MAI Capital Management
Independence,
Ohio
|
-$7.55M |
| 3 |
NG
Norden Group
Provo,
Utah
|
-$6.64M |
| 4 |
CAAS
Capital Asset Advisory Services
Williamston,
Michigan
|
-$4.16M |
| 5 |
AWM
Axxcess Wealth Management
Carlsbad,
California
|
-$3.7M |
PPA Hedge Fund Activity: Q3 2025 in Review
448 of the 7,640 institutional investors tracked by Wall St. Rank reported a position in Invesco Aerospace & Defense ETF (PPA) for Q3 2025, worth a combined $3.66B — up 16% from $3.15B a quarter earlier.
Buyers outnumbered sellers: 61 funds opened new PPA positions and 34 closed out — a net gain of 27 holders — while 198 added to existing stakes and 104 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.
- 448 institutional investors held Invesco Aerospace & Defense ETF (PPA) as of Q3 2025, up from 429 in Q2 2025.
- Funds reported $3.66B of Invesco Aerospace & Defense ETF stock for Q3 2025, up 16% 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.