Vault-13

INVESCO EXCHANGE TRADED FD T PPA

AEROSPACE DEFN · ETP · CUSIP 46137V100

431 institutional holders +28 vs Q1 2025
22,391,39722.4m shares reported held*
$3.2bnreported value*
64 new 169 added 109 reduced 33 sold out net bought ≈ $129.8m (+918.2k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($231.7k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $141.66. Options: 3 managers hold calls ($1.2m notional), 2 hold puts ($1.1m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 178Q4 22: 224Q1 23: 237Q2 23: 235Q3 23: 242Q4 23: 286Q1 24: 324Q2 24: 352Q3 24: 367Q4 24: 393Q1 25: 403Q2 25: 431431Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022178
Q4 2022224
Q1 2023237
Q2 2023235
Q3 2023242
Q4 2023286
Q1 2024324
Q2 2024352
Q3 2024367
Q4 2024393
Q1 2025403
Q2 2025431

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
4000400Q3 23: 115 bought or addedQ3 23: 90 cut or sold outQ4 23: 162 bought or addedQ4 23: 74 cut or sold outQ4 23Q1 24: 182 bought or addedQ1 24: 95 cut or sold outQ2 24: 192 bought or addedQ2 24: 84 cut or sold outQ2 24Q3 24: 191 bought or addedQ3 24: 111 cut or sold outQ4 24: 211 bought or addedQ4 24: 118 cut or sold outQ4 24Q1 25: 184 bought or addedQ1 25: 169 cut or sold outQ2 25: 233 bought or addedQ2 25: 142 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 202311590
Q4 202316274
Q1 202418295
Q2 202419284
Q3 2024191111
Q4 2024211118
Q1 2025184169
Q2 2025233142

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$2m$4m$6m$8mQ3 24 calls: $965.7kQ3 24 puts: $321.9kQ3 24P/C 0.33Q4 24 calls: $619.5kQ4 24 puts: $298.3kQ4 24P/C 0.48Q1 25 calls: $1.6mQ1 25 puts: $6.2mQ1 25P/C 3.94Q2 25 calls: $1.2mQ2 25 puts: $1.1mQ2 25P/C 0.88
Numbers
QuarterCallsPutsP/C
Q3 2024$965.7k$321.9k0.33
Q4 2024$619.5k$298.3k0.48
Q1 2025$1.6m$6.2m3.94
Q2 2025$1.2m$1.1m0.88

Biggest buyers

ROYAL BANK OF CANADA Added +160,435+160.4k
LPL Financial LLC Added +149,910+149.9k
Mirae Asset Global Investments Co., Ltd. New +148,100+148.1k
MORGAN STANLEY Added +140,847+140.8k
Mivtachim The Workers Social Insurance Fund Ltd. (Under Special Management) New +72,000+72.0k
Quaker Wealth Management, LLC New +52,694+52.7k
NORDEN GROUP LLC New +46,899+46.9k
COMMONWEALTH EQUITY SERVICES, LLC Added +40,660+40.7k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +35,228+35.2k
BNP PARIBAS FINANCIAL MARKETS New +30,000+30.0k

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -175,293-175.3k
Penserra Capital Management LLC Sold out -32,819-32.8k
Summit Trail Advisors, LLC Reduced -29,223-29.2k
Cetera Investment Advisers Reduced -27,705-27.7k
AMERIPRISE FINANCIAL INC Reduced -23,238-23.2k
MAI Capital Management Reduced -23,122-23.1k
Brevan Howard Capital Management LP Sold out -20,621-20.6k
RAYMOND JAMES FINANCIAL INC Reduced -18,561-18.6k
Composition Wealth, LLC Reduced -13,896-13.9k
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sold out -12,500-12.5k

Biggest calls

CITADEL ADVISORS LLC Reduced $921.0k6.5k shares
Belvedere Trading LLC New $325.9k2.3k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Added $552.6k3.9k shares
Belvedere Trading LLC New $538.4k3.8k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.09% of their portfolio CHARLOTTE, NC 7,494,9247.5m $1.1bn $1.1bn 0.09% Reduced -175.3k -175,293
2 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 2,055,6702.1m $291.3m $291.3m 0.02% Added +140.8k +140,847
3 LPL Financial LLC 0.08% of their portfolio FORT MILL, SC 1,602,4691.6m $227.1m $227.1m 0.08% Added +149.9k +149,910
4 UBS Group AG 0.02% of their portfolio ZURICH, V8 779,522779.5k $110.5m $110.5m 0.02% Added +19.7k +19,739
5 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 612,384612.4k $86.8m $86.8m 0.02% Reduced -3.6k -3,557
6 HighTower Advisors, LLC 0.09% of their portfolio CHICAGO, IL 495,446495.4k $70.2m $70.2m 0.09% Reduced -4.0k -3,968
7 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 439,523439.5k $62.3m $62.3m 0.02% Reduced -18.6k -18,561
8 Capital Asset Advisory Services LLC 2.36% of their portfolio Williamston, MI 360,983361.0k $50.5m $50.5m 2.36% Added +13.4k +13,405
9 AXXCESS WEALTH MANAGEMENT, LLC 1.22% of their portfolio CARLSBAD, CA 358,675358.7k $50.8m $50.8m 1.22% Added +11.9k +11,909
10 Composition Wealth, LLC 0.84% of their portfolio LOS ANGELES, CA 351,199351.2k $49.8m $49.8m 0.84% Reduced -13.9k -13,896
11 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 336,338336.3k $47.7m $47.7m 0.00% Added +160.4k +160,435
12 Summit Trail Advisors, LLC 0.73% of their portfolio NEW YORK, NY 299,786299.8k $42.5m $42.5m 0.73% Reduced -29.2k -29,223
13 Kestra Advisory Services, LLC 0.20% of their portfolio AUSTIN, TX 295,370295.4k $41.9m $41.9m 0.20% Added +25.3k +25,313
14 MAI Capital Management 0.29% of their portfolio INDEPENDENCE, OH 289,831289.8k $41.1m $41.1m 0.29% Reduced -23.1k -23,122
15 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 279,146279.1k $39.6m $39.6m 0.01% Reduced -23.2k -23,238
16 MEITAV INVESTMENT HOUSE LTD 0.53% of their portfolio BENE-BERAQ, L3 275,480275.5k $39.0m $39.0m 0.53% Added +5.6k +5,634
17 Cetera Investment Advisers 0.06% of their portfolio SCHAUMBURG, IL 251,955252.0k $35.7m $35.7m 0.06% Reduced -27.7k -27,705
18 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 206,410206.4k $29.3m $29.3m 0.05% Added +22.3k +22,282
19 Cambridge Investment Research Advisors, Inc. 0.07% of their portfolio FAIRFIELD, IA 172,011172.0k $24.4m $24.4m 0.07% Added +2.4k +2,391
20 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 171,559171.6k $24.3m $24.3m 0.01% Added +29.5k +29,528
21 Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD 1.71% of their portfolio Tel Aviv, L3 166,184166.2k $23.6m $23.6m 1.71% Unchanged
22 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 154,561154.6k $21.9m $21.9m 0.03% Added +40.7k +40,660
23 Mirae Asset Global Investments Co., Ltd. 0.07% of their portfolio SEOUL, M5 148,100148.1k $21.0m $21.0m 0.07% New
24 TRUIST FINANCIAL CORP 0.03% of their portfolio CHARLOTTE, NC 140,393140.4k $19.9m $19.9m 0.03% Added +18.0k +17,993
25 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 126,264126.3k $17.9m $17.9m 0.02% Added +2.9k +2,888
26 SEARCY FINANCIAL SERVICES INC /ADV 7.07% of their portfolio OVERLAND PARK, KS 122,762122.8k $17.4m $17.4m 7.07% Reduced -5.6k -5,593
27 MML INVESTORS SERVICES, LLC 0.05% of their portfolio SPRINGFIELD, MA 112,335112.3k $15.9m $15.9m 0.05% Added +14.4k +14,379
28 JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio DES PERES, MO 108,584108.6k $15.3m $15.3m 0.01% Added +28.9k +28,916
29 Focus Partners Wealth 0.03% of their portfolio ST LOUIS, MO 101,951102.0k $14.4m $14.4m 0.03% Added +186 +186
30 Northeast Financial Consultants Inc 0.53% of their portfolio WESTPORT, CT 91,66291.7k $13.0m $13.0m 0.53% Added +7.8k +7,844
31 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 88,72388.7k $12.6m $12.6m 0.01% Added +35.2k +35,228
32 INVESTMENT MANAGEMENT CORP /VA/ /ADV 11.39% of their portfolio ROANOKE, VA 88,57688.6k $12.6m $12.6m 11.39% Reduced -441 -441
33 Private Advisor Group, LLC 0.07% of their portfolio MORRISTOWN, NJ 87,98188.0k $12.5m $12.5m 0.07% Added +10.1k +10,082
34 Presidio Capital Management, LLC 4.75% of their portfolio SAN DIEGO, CA 87,14187.1k $12.3m $12.3m 4.75% Reduced -1.3k -1,282
35 Perigon Wealth Management, LLC 0.25% of their portfolio SAN FRANCISCO, CA 76,26876.3k $10.8m $10.8m 0.25% Reduced -700 -700
36 ADAPT WEALTH ADVISORS, LLC 4.70% of their portfolio ATLANTA, GA 74,13174.1k $10.5m $10.5m 4.70% Added +2.3k +2,303
37 Mivtachim The Workers Social Insurance Fund Ltd. (Under Special Management) 1.57% of their portfolio Tel Aviv, L3 72,00072.0k $10.2m $10.2m 1.57% New
38 Madrid Financial Services 6.88% of their portfolio MANHATTAN BEACH, CA 71,70071.7k $10.2m $10.2m 6.88% Added +1.2k +1,165
39 Equitable Holdings, Inc. 0.08% of their portfolio NEW YORK, NY 67,74267.7k $9.6m $9.6m 0.08% Added +17.9k +17,911
40 Hollow Brook Wealth Management LLC 2.80% of their portfolio Katonah, NY 67,51267.5k $9.6m $9.6m 2.80% Reduced -641 -641
41 Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD 1.90% of their portfolio Tel Aviv, L3 61,16561.2k $8.7m $8.7m 1.90% Unchanged
42 J.W. COLE ADVISORS, INC. 0.18% of their portfolio TAMPA, FL 60,71560.7k $8.6m $8.6m 0.18% Added +8.9k +8,929
43 BECK CAPITAL MANAGEMENT, LLC 2.04% of their portfolio AUSTIN, TX 57,60557.6k $8.2m $8.2m 2.04% Reduced -2.6k -2,555
44 VALLEY WEALTH MANAGERS, INC. 0.58% of their portfolio PARAMUS, NJ 57,34457.3k $8.1m $8.1m 0.58% Reduced -4.0k -3,990
45 Beacon Pointe Advisors, LLC 0.08% of their portfolio NEWPORT BEACH, CA 57,14757.1k $8.1m $8.1m 0.08% Reduced -3.0k -2,966
46 Uniting Wealth Partners, LLC 3.05% of their portfolio DENVER, CO 55,71755.7k $7.9m $7.9m 3.05% Added +693 +693
47 Steward Partners Investment Advisory, LLC 0.06% of their portfolio STAMFORD, CT 53,36653.4k $7.6m $7.6m 0.06% Added +1.9k +1,892
48 Quaker Wealth Management, LLC 2.50% of their portfolio MOORESTOWN, NJ 52,69452.7k $7.5m $7.5m 2.50% New
49 Prosperity Consulting Group, LLC 0.54% of their portfolio OWINGS MILLS, MD 52,11252.1k $7.4m $7.4m 0.54% Reduced -42 -42
50 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 51,16351.2k $7.2m $7.2m 0.01% Reduced -5.2k -5,214
51 PRUDENTIAL PLC 0.04% of their portfolio LONDON, X0 49,40049.4k $7.0m $7.0m 0.04% Added +19.0k +19,000
52 WT Wealth Management 1.99% of their portfolio SCOTTSDALE, AZ 47,52847.5k $6.7m $6.7m 1.99% Added +1.1k +1,091
53 NORDEN GROUP LLC 0.72% of their portfolio PROVO, UT 46,89946.9k $6.6m $6.6m 0.72% New
54 CMH Wealth Management LLC 1.49% of their portfolio PORTSMOUTH, NH 45,04445.0k $6.4m $6.4m 1.49% Reduced -71 -71
55 New England Private Wealth Advisors LLC 0.89% of their portfolio WELLESLEY, MA 41,47341.5k $6.1m $6.1m 0.89% Added +848 +848
56 FLAGSHIP HARBOR ADVISORS, LLC 0.27% of their portfolio BOSTON, MA 39,80339.8k $5.6m $5.6m 0.27% Added +26.5k +26,516
57 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 39,10639.1k $5.5m $5.5m 0.01% Added +22.5k +22,481
58 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 38,98939.0k $5.5m $5.5m 0.00% Added +4.9k +4,915
59 CASTLE WEALTH MANAGEMENT LLC 1.95% of their portfolio BOYNTON BEACH, FL 37,85437.9k $5.4m $5.4m 1.95% Reduced -1.8k -1,791
60 KPP Advisory Services LLC 0.83% of their portfolio Louisville, KY 35,66135.7k $5.1m $5.1m 0.83% Added +4.0k +4,030
61 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 35,17335.2k $5.0m $5.0m 0.00% Added +4.3k +4,299
62 Belpointe Asset Management LLC 0.20% of their portfolio RENO, NV 33,91733.9k $4.8m $4.8m 0.20% Reduced -10.8k -10,842
63 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 33,04033.0k $4.7m $4.7m 0.01% Added +436 +436
64 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 31,82931.8k $4.5m $4.5m 0.01% Added +3.5k +3,496
65 Financial Partners Group, Inc 0.61% of their portfolio Overland Park, KS 30,95030.9k $4.4m $4.4m 0.61% Added +5.7k +5,670
66 Riggs Asset Managment Co. Inc. 1.06% of their portfolio DALLAS, PA 30,32330.3k $4.3m $4.3m 1.06% Added +2.0k +2,038
67 NewEdge Advisors, LLC 0.02% of their portfolio NEW ORLEANS, LA 30,20530.2k $4.3m $4.3m 0.02% Added +25.2k +25,228
68 CREATIVE FINANCIAL DESIGNS INC /ADV 0.31% of their portfolio KOKOMO, IN 30,16630.2k $4.3m $4.3m 0.31% Added +1.6k +1,551
69 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 30,00030.0k $4.3m $4.3m 0.00% New
70 Pacific Sun Financial Corp 2.14% of their portfolio LOS ANGELES, CA 28,96429.0k $4.1m $4.1m 2.14% Reduced -151 -151
71 WEDBUSH SECURITIES INC 0.14% of their portfolio PASADENA, CA 27,65427.7k $3.9m $3.9m 0.14% Added +927 +927
72 ORLEANS CAPITAL MANAGEMENT CORP/LA 2.06% of their portfolio MANDEVILLE, LA 27,38527.4k $3.9m $3.9m 2.06% Added +40 +40
73 GREAT VALLEY ADVISOR GROUP, INC. 0.08% of their portfolio WILMINGTON, DE 25,97326.0k $3.7m $3.7m 0.08% Added +4.7k +4,744
74 PARK AVENUE SECURITIES LLC 0.03% of their portfolio NEW YORK, NY 25,24925.2k $3.6m $3.6m 0.03% Added +1.8k +1,814
75 Veltria Advisors Corp. 2.37% of their portfolio MIAMI, FL 25,06325.1k $3.6m $3.6m 2.37% Unchanged
76 Golden State Wealth Management, LLC 0.42% of their portfolio SANTA ANA, CA 24,62624.6k $3.5m $3.5m 0.42% Added +1.2k +1,218
77 Atria Wealth Solutions, Inc. 0.08% of their portfolio NEW YORK, NY 24,18724.2k $3.4m $3.4m 0.08% Reduced -5.3k -5,279
78 Diversified Enterprises, LLC 0.25% of their portfolio Wilmington, DE 24,05224.1k $3.4m $3.4m 0.25% Reduced -187 -187
79 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 23,86323.9k $3.4m $3.4m 0.01% Added +4.7k +4,706
80 Capital Advisors, Ltd. LLC 0.41% of their portfolio SHAKER HEIGHTS, OH 23,61023.6k $3.3m $3.3m 0.41% Added +745 +745
81 IHT Wealth Management, LLC 0.09% of their portfolio Chicago, IL 23,06523.1k $3.3m $3.3m 0.09% Reduced -334 -334
82 StoneX Group Inc. 0.15% of their portfolio NEW YORK, NY 22,09022.1k $3.1m $3.1m 0.15% Added +1.8k +1,755
83 Spectrum Strategic Capital Management, LLC 1.97% of their portfolio CORVALLIS, OR 21,78321.8k $3.1m $3.1m 1.97% Reduced -2.5k -2,472
84 Federation des caisses Desjardins du Quebec 0.01% of their portfolio LEVIS, A8 21,71721.7k $3.1m $3.1m 0.01% Reduced -9.6k -9,589
85 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 19,84419.8k $2.8m $2.8m 0.00% Added +3.3k +3,294
86 Bleakley Financial Group, LLC 0.07% of their portfolio PARSIPPANY, NJ 19,11119.1k $2.7m $2.7m 0.07% Added +21 +21
87 SYNOVUS FINANCIAL CORP 0.03% of their portfolio Columbus, GA 18,46918.5k $2.6m $2.6m 0.03% Added +34 +34
88 CWM, LLC 0.01% of their portfolio OMAHA, NE 18,31518.3k $2.6m $2.6m 0.01% Added +7.6k +7,594
89 Stratos Investment Management, LLC 0.12% of their portfolio BEACHWOOD, OH 17,91917.9k $2.5m $2.5m 0.12% Added +5.1k +5,056
90 HARBOUR INVESTMENTS, INC. 0.06% of their portfolio MADISON, WI 17,89117.9k $2.5m $2.5m 0.06% Reduced -1.9k -1,863
91 OPPENHEIMER & CO INC 0.03% of their portfolio NEW YORK, NY 17,69017.7k $2.5m $2.5m 0.03% Reduced -353 -353
92 Global Retirement Partners, LLC 0.06% of their portfolio San Rafael, CA 17,61217.6k $2.5m $2.5m 0.06% First filing
93 Prospera Financial Services Inc 0.05% of their portfolio Dallas, TX 17,53717.5k $2.5m $2.5m 0.05% Added +94 +94
94 Brookstone Capital Management 0.03% of their portfolio WHEATON, IL 17,39017.4k $2.5m $2.5m 0.03% Added +3.0k +3,019
95 EverSource Wealth Advisors, LLC 0.11% of their portfolio BIRMINGHAM, AL 17,36517.4k $2.5m $2.5m 0.11% Added +16.7k +16,748
96 Merit Financial Group, LLC 0.03% of their portfolio ALPHARETTA, GA 16,93616.9k $2.4m $2.4m 0.03% Added +1.4k +1,394
97 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 16,90016.9k $2.4m $2.4m 0.00% Added +4.1k +4,106
98 Focus Financial Network, Inc. 0.09% of their portfolio MINNEAPOLIS, MN 16,71816.7k $2.4m $2.4m 0.09% Added +1.3k +1,333
99 Outlook Wealth Advisors, LLC 0.60% of their portfolio SHENANDOAH, TX 16,45516.5k $2.3m $2.3m 0.60% Added +4.5k +4,471
100 GUARDIAN WEALTH ADVISORS, LLC / NC 0.16% of their portfolio RALEIGH, NC 16,30316.3k $2.3m $2.3m 0.16% Added +977 +977