Invesco Aerospace & Defense ETF
516 hedge funds and large institutions have $3.74B invested in Invesco Aerospace & Defense ETF in 2025 Q4 according to their latest regulatory filings, with 96 funds opening new positions, 194 increasing their positions, 107 reducing their positions, and 23 closing their positions.
317% more first-time investments, than exits
New positions opened: 96 | Existing positions closed: 23
81% more repeat investments, than reductions
Existing positions increased: 194 | Existing positions reduced: 107
15% more funds holding
Funds holding: 448 → 516 (+68)
10% more funds holding in top 10
Funds holding in top 10: 10 → 11 (+1)
2% more capital invested
Capital invested by funds: $3.66B → $3.74B (+$80.8M)
0.7% less ownership
Funds ownership: 55.32% → 54.62% (-0.7%)
5% less call options, than puts
Call options by funds: $57.2M | Put options by funds: $60.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$13.7M |
| 2 |
LPL Financial
San Diego,
California
|
+$9.3M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$8.83M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$7.25M |
| 5 |
KA
Kovack Advisors
Ft. Lauderdale,
Florida
|
+$6.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mirae Asset Global Investments
Seoul,
South Korea
|
-$38.3M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
-$18.6M |
| 3 |
BHWA
Beacon Harbor Wealth Advisors
Virginia Beach,
Virginia
|
-$12.9M |
| 4 |
Corient Private Wealth
Miami,
Florida
|
-$10.1M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$6.35M |
PPA Hedge Fund Activity: Q4 2025 in Review
516 of the 8,266 institutional investors tracked by Wall St. Rank reported a position in Invesco Aerospace & Defense ETF (PPA) for Q4 2025, worth a combined $3.74B — up 2.2% from $3.66B a quarter earlier.
Buyers outnumbered sellers: 96 funds opened new PPA positions and 23 closed out — a net gain of 73 holders — while 194 added to existing stakes and 107 trimmed.
The largest buyer was Northwestern Mutual Wealth Management, adding an estimated $13.7M. The largest seller was Mirae Asset Global Investments, exiting entirely with an estimated $38.3M sold.
- 516 institutional investors held Invesco Aerospace & Defense ETF (PPA) as of Q4 2025, up from 448 in Q3 2025.
- Funds reported $3.74B of Invesco Aerospace & Defense ETF stock for Q4 2025, up 2.2% quarter-over-quarter.
- 96 funds opened new Invesco Aerospace & Defense ETF positions in Q4 2025 and 23 closed out, a net change of +73 holders.
- The largest Invesco Aerospace & Defense ETF buyer in Q4 2025 was Northwestern Mutual Wealth Management, an estimated $13.7M added.
- The largest Invesco Aerospace & Defense ETF seller in Q4 2025 was Mirae Asset Global Investments, an estimated $38.3M sold.
Based on aggregated 13F filings for Q4 2025.