Vault-13

INVESCO EXCHANGE TRADED FD T PPA

AEROSPACE DEFN · ETP · CUSIP 46137V100

448 institutional holders +17 vs Q2 2025
23,618,97623.6m shares reported held*
$3.7bnreported value*
58 new 198 added 105 reduced 35 sold out net bought ≈ $201.1m (+1.3m 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 ($506.7k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $155.29. Options: 2 managers hold calls ($1.5m notional), 2 hold puts ($1.5m).

Trends to Q3 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: 431Q3 25: 448448Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 2025448

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 23: 162 bought or addedQ4 23: 74 cut or sold outQ1 24: 182 bought or addedQ1 24: 95 cut or sold outQ1 24Q2 24: 192 bought or addedQ2 24: 84 cut or sold outQ3 24: 191 bought or addedQ3 24: 111 cut or sold outQ3 24Q4 24: 211 bought or addedQ4 24: 118 cut or sold outQ1 25: 184 bought or addedQ1 25: 169 cut or sold outQ1 25Q2 25: 233 bought or addedQ2 25: 142 cut or sold outQ3 25: 256 bought or addedQ3 25: 140 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 202316274
Q1 202418295
Q2 202419284
Q3 2024191111
Q4 2024211118
Q1 2025184169
Q2 2025233142
Q3 2025256140

Calls vs puts

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

CallsPuts
$0$2m$4m$6m$8mQ4 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 0.88Q3 25 calls: $1.5mQ3 25 puts: $1.5mQ3 25P/C 1.03
Numbers
QuarterCallsPutsP/C
Q4 2024$619.5k$298.3k0.48
Q1 2025$1.6m$6.2m3.94
Q2 2025$1.2m$1.1m0.88
Q3 2025$1.5m$1.5m1.03

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +173,290+173.3k
BNP PARIBAS FINANCIAL MARKETS Added +160,000+160.0k
AMERIPRISE FINANCIAL INC Added +121,776+121.8k
Mirae Asset Global Investments Co., Ltd. Added +98,597+98.6k
Quadrature Capital Ltd New +98,137+98.1k
Corient Private Wealth LP Added +92,672+92.7k
Modern Wealth Management, LLC New +89,910+89.9k
Beacon Harbor Wealth Advisors, Inc. New +83,234+83.2k
Cetera Investment Advisers Added +75,464+75.5k
LPL Financial LLC Added +66,273+66.3k

Biggest sellers

Kestra Advisory Services, LLC Reduced -232,357-232.4k
ROYAL BANK OF CANADA Reduced -158,932-158.9k
MAI Capital Management Reduced -51,334-51.3k
NORDEN GROUP LLC Sold out -46,899-46.9k
Capital Asset Advisory Services LLC Reduced -28,260-28.3k
AXXCESS WEALTH MANAGEMENT, LLC Reduced -25,122-25.1k
Veltria Advisors Corp. Sold out -25,063-25.1k
Rockefeller Capital Management L.P. Reduced -23,921-23.9k
Madrid Financial Services Reduced -18,718-18.7k
Uniting Wealth Partners, LLC Reduced -16,618-16.6k

Biggest calls

CITADEL ADVISORS LLC Added $1.2m7.4k shares
Belvedere Trading LLC Reduced $342.0k2.2k shares

Biggest puts

CITADEL ADVISORS LLC Added $1.2m7.9k shares
Belvedere Trading LLC Reduced $310.9k2.0k 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, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.09% of their portfolio CHARLOTTE, NC 7,668,2147.7m $1.2bn $1.2bn 0.09% Added +173.3k +173,290
2 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 2,115,5842.1m $328.9m $328.9m 0.02% Added +59.9k +59,914
3 LPL Financial LLC 0.08% of their portfolio FORT MILL, SC 1,668,7421.7m $259.4m $259.4m 0.08% Added +66.3k +66,273
4 UBS Group AG 0.03% of their portfolio ZURICH, V8 825,841825.8k $128.4m $128.4m 0.03% Added +46.3k +46,319
5 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 614,016614.0k $95.4m $95.4m 0.02% Added +1.6k +1,632
6 HighTower Advisors, LLC 0.09% of their portfolio CHICAGO, IL 536,086536.1k $83.3m $83.3m 0.09% Added +40.6k +40,640
7 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 460,471460.5k $71.6m $71.6m 0.02% Added +20.9k +20,948
8 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 400,922400.9k $62.3m $62.3m 0.01% Added +121.8k +121,776
9 Composition Wealth, LLC 0.81% of their portfolio LOS ANGELES, CA 348,329348.3k $54.1m $54.1m 0.81% Reduced -2.9k -2,870
10 AXXCESS WEALTH MANAGEMENT, LLC 1.10% of their portfolio CARLSBAD, CA 333,553333.6k $51.9m $51.9m 1.10% Reduced -25.1k -25,122
11 Capital Asset Advisory Services LLC 2.23% of their portfolio Williamston, MI 332,723332.7k $51.7m $51.7m 2.23% Reduced -28.3k -28,260
12 Cetera Investment Advisers 0.06% of their portfolio SCHAUMBURG, IL 327,419327.4k $50.9m $50.9m 0.06% Added +75.5k +75,464
13 Summit Trail Advisors, LLC 0.64% of their portfolio NEW YORK, NY 299,392299.4k $46.5m $46.5m 0.64% Reduced -394 -394
14 MEITAV INVESTMENT HOUSE LTD 0.59% of their portfolio BENE-BERAQ, L3 275,480275.5k $42.8m $42.8m 0.59% Unchanged
15 Mirae Asset Global Investments Co., Ltd. 0.12% of their portfolio SEOUL, M5 246,697246.7k $38.3m $38.3m 0.12% Added +98.6k +98,597
16 MAI Capital Management 0.23% of their portfolio INDEPENDENCE, OH 238,497238.5k $37.1m $37.1m 0.23% Reduced -51.3k -51,334
17 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 222,142222.1k $33.4m $33.4m 0.05% Added +15.7k +15,732
18 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 191,031191.0k $29.7m $29.7m 0.01% Added +19.5k +19,472
19 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 190,000190.0k $29.5m $29.5m 0.02% Added +160.0k +160,000
20 COMMONWEALTH EQUITY SERVICES, LLC 0.04% of their portfolio WALTHAM, MA 185,002185.0k $28.8m $28.8m 0.04% Added +30.4k +30,441
21 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 177,406177.4k $27.6m $27.6m 0.00% Reduced -158.9k -158,932
22 Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD 1.74% of their portfolio Tel Aviv, L3 166,184166.2k $25.8m $25.8m 1.74% Unchanged
23 TRUIST FINANCIAL CORP 0.03% of their portfolio CHARLOTTE, NC 161,677161.7k $25.1m $25.1m 0.03% Added +21.3k +21,284
24 Cambridge Investment Research Advisors, Inc. 0.07% of their portfolio FAIRFIELD, IA 161,303161.3k $25.1m $25.1m 0.07% Reduced -10.7k -10,708
25 Corient Private Wealth LP 0.04% of their portfolio MIAMI, FL 143,835143.8k $22.4m $22.4m 0.04% Added +92.7k +92,672
26 JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio DES PERES, MO 141,427141.4k $21.6m $21.6m 0.01% Added +32.8k +32,843
27 MML INVESTORS SERVICES, LLC 0.06% of their portfolio SPRINGFIELD, MA 140,956141.0k $21.9m $21.9m 0.06% Added +28.6k +28,621
28 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 123,373123.4k $19.2m $19.2m 0.02% Reduced -2.9k -2,891
29 SEARCY FINANCIAL SERVICES INC /ADV 6.95% of their portfolio OVERLAND PARK, KS 117,612117.6k $18.3m $18.3m 6.95% Reduced -5.2k -5,150
30 Equitable Holdings, Inc. 0.12% of their portfolio NEW YORK, NY 103,225103.2k $16.0m $16.0m 0.12% Added +35.5k +35,483
31 Focus Partners Wealth 0.03% of their portfolio ST LOUIS, MO 103,182103.2k $16.0m $16.0m 0.03% Added +1.2k +1,231
32 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 98,48698.5k $15.3m $15.3m 0.01% Added +9.8k +9,763
33 Quadrature Capital Ltd 0.18% of their portfolio LONDON, X0 98,13798.1k $15.3m $15.3m 0.18% New
34 Private Advisor Group, LLC 0.07% of their portfolio MORRISTOWN, NJ 94,24994.2k $14.7m $14.7m 0.07% Added +6.3k +6,268
35 Modern Wealth Management, LLC 0.28% of their portfolio KANSAS CITY, MO 89,91089.9k $14.0m $14.0m 0.28% New
36 INVESTMENT MANAGEMENT CORP /VA/ /ADV 11.92% of their portfolio ROANOKE, VA 89,23389.2k $13.9m $13.9m 11.92% Added +657 +657
37 Presidio Capital Management, LLC 4.62% of their portfolio SAN DIEGO, CA 84,77784.8k $13.2m $13.2m 4.62% Reduced -2.4k -2,364
38 Janney Montgomery Scott LLC 0.03% of their portfolio PHILADELPHIA, PA 83,97784.0k $13.1m $13.1m 0.03% Added +52.1k +52,148
39 Beacon Harbor Wealth Advisors, Inc. 3.02% of their portfolio VIRGINIA BEACH, VA 83,23483.2k $12.9m $12.9m 3.02% New
40 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 82,20482.2k $12.8m $12.8m 0.00% Added +43.2k +43,215
41 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 81,58481.6k $12.7m $12.7m 0.00% Added +46.4k +46,411
42 Perigon Wealth Management, LLC 0.24% of their portfolio SAN FRANCISCO, CA 75,06175.1k $11.7m $11.7m 0.24% Reduced -1.2k -1,207
43 Mivtachim The Workers Social Insurance Fund Ltd. (Under Special Management) 1.63% of their portfolio Tel Aviv, L3 72,00072.0k $11.2m $11.2m 1.63% Unchanged
44 IHT Wealth Management, LLC 0.28% of their portfolio Chicago, IL 70,39470.4k $10.9m $10.9m 0.28% Added +47.3k +47,329
45 Hollow Brook Wealth Management LLC 2.53% of their portfolio Katonah, NY 68,71468.7k $10.7m $10.7m 2.53% Added +1.2k +1,202
46 ADAPT WEALTH ADVISORS, LLC 3.89% of their portfolio ATLANTA, GA 67,71567.7k $10.5m $10.5m 3.89% Reduced -6.4k -6,416
47 VALLEY WEALTH MANAGERS, INC. 0.67% of their portfolio PARAMUS, NJ 64,96165.0k $10.1m $10.1m 0.67% Added +7.6k +7,617
48 PRUDENTIAL PLC 0.07% of their portfolio LONDON, X0 64,60064.6k $10.0m $10.0m 0.07% Added +15.2k +15,200
49 J.W. COLE ADVISORS, INC. 0.19% of their portfolio TAMPA, FL 64,40164.4k $10.0m $10.0m 0.19% Added +3.7k +3,686
50 Kestra Advisory Services, LLC 0.04% of their portfolio AUSTIN, TX 63,01363.0k $9.8m $9.8m 0.04% Reduced -232.4k -232,357
51 Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD 1.95% of their portfolio Tel Aviv, L3 61,16561.2k $9.5m $9.5m 1.95% Unchanged
52 Prosperity Consulting Group, LLC 0.44% of their portfolio OWINGS MILLS, MD 57,00357.0k $8.9m $8.9m 0.44% Added +4.9k +4,891
53 BECK CAPITAL MANAGEMENT, LLC 2.02% of their portfolio AUSTIN, TX 56,36256.4k $8.8m $8.8m 2.02% Reduced -1.2k -1,243
54 Beacon Pointe Advisors, LLC 0.07% of their portfolio NEWPORT BEACH, CA 56,18956.2k $8.7m $8.7m 0.07% Reduced -958 -958
55 Steward Partners Investment Advisory, LLC 0.05% of their portfolio STAMFORD, CT 53,38453.4k $8.3m $8.3m 0.05% Added +18 +18
56 Madrid Financial Services 5.15% of their portfolio MANHATTAN BEACH, CA 52,98253.0k $8.2m $8.2m 5.15% Reduced -18.7k -18,718
57 WT Wealth Management 2.07% of their portfolio SCOTTSDALE, AZ 46,25246.3k $7.2m $7.2m 2.07% Reduced -1.3k -1,276
58 Quaker Wealth Management, LLC 2.31% of their portfolio MOORESTOWN, NJ 45,63745.6k $7.1m $7.1m 2.31% Reduced -7.1k -7,057
59 CMH Wealth Management LLC 1.49% of their portfolio PORTSMOUTH, NH 45,03445.0k $7.0m $7.0m 1.49% Reduced -10 -10
60 Warner Group LLC 4.65% of their portfolio MADISON, CT 43,43943.4k $6.8m $6.8m 4.65% First filing
61 New England Private Wealth Advisors LLC 0.85% of their portfolio WELLESLEY, MA 41,30641.3k $6.4m $6.4m 0.85% Reduced -167 -167
62 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 40,72440.7k $6.3m $6.3m 0.01% Added +20.9k +20,880
63 NewEdge Advisors, LLC 0.03% of their portfolio NEW ORLEANS, LA 40,02540.0k $6.2m $6.2m 0.03% Added +9.8k +9,820
64 Uniting Wealth Partners, LLC 1.43% of their portfolio DENVER, CO 39,09939.1k $6.1m $6.1m 1.43% Reduced -16.6k -16,618
65 CASTLE WEALTH MANAGEMENT LLC 1.93% of their portfolio BOYNTON BEACH, FL 36,79836.8k $5.7m $5.7m 1.93% Reduced -1.1k -1,056
66 FLAGSHIP HARBOR ADVISORS, LLC 0.24% of their portfolio BOSTON, MA 35,59535.6k $5.5m $5.5m 0.24% Reduced -4.2k -4,208
67 Federation des caisses Desjardins du Quebec 0.02% of their portfolio LEVIS, A8 34,78734.8k $5.4m $5.4m 0.02% Added +13.1k +13,070
68 Financial Partners Group, Inc 0.65% of their portfolio Overland Park, KS 33,53133.5k $5.2m $5.2m 0.65% Added +2.6k +2,581
69 WEDBUSH SECURITIES INC 0.17% of their portfolio PASADENA, CA 33,21133.2k $5.2m $5.2m 0.17% Added +5.6k +5,557
70 GREAT VALLEY ADVISOR GROUP, INC. 0.10% of their portfolio WILMINGTON, DE 32,42732.4k $5.0m $5.0m 0.10% Added +6.5k +6,454
71 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 32,32832.3k $5.0m $5.0m 0.01% Reduced -712 -712
72 Belpointe Asset Management LLC 0.19% of their portfolio RENO, NV 31,84131.8k $4.9m $4.9m 0.19% Reduced -2.1k -2,076
73 CREATIVE FINANCIAL DESIGNS INC /ADV 0.32% of their portfolio KOKOMO, IN 30,83030.8k $4.8m $4.8m 0.32% Added +664 +664
74 Riggs Asset Managment Co. Inc. 1.04% of their portfolio DALLAS, PA 30,72630.7k $4.8m $4.8m 1.04% Added +403 +403
75 CWM, LLC 0.01% of their portfolio OMAHA, NE 30,70930.7k $4.8m $4.8m 0.01% Added +12.4k +12,394
76 Consolidated Portfolio Review Corp 0.60% of their portfolio WOODBURY, NY 30,56130.6k $4.8m $4.8m 0.60% New
77 Advyzon Investment Management, LLC 0.80% of their portfolio LISLE, IL 30,15830.2k $4.7m $4.7m 0.80% New
78 Pacific Sun Financial Corp 2.18% of their portfolio LOS ANGELES, CA 29,07429.1k $4.5m $4.5m 2.18% Added +110 +110
79 Detalus Advisors, LLC 1.15% of their portfolio ST. LOUIS, MO 28,57128.6k $4.4m $4.4m 1.15% New
80 StoneX Group Inc. 0.18% of their portfolio NEW YORK, NY 26,99027.0k $4.2m $4.2m 0.18% Added +4.9k +4,900
81 Capital Advisors, Ltd. LLC 0.46% of their portfolio SHAKER HEIGHTS, OH 26,13326.1k $4.1m $4.1m 0.46% Added +2.5k +2,523
82 Brookstone Capital Management 0.05% of their portfolio WHEATON, IL 25,91625.9k $4.0m $4.0m 0.05% Added +8.5k +8,526
83 Sowell Financial Services LLC 0.15% of their portfolio NORTH LITTLE ROCK, AR 25,15025.1k $3.9m $3.9m 0.15% Added +15.0k +15,006
84 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 25,04625.0k $3.9m $3.9m 0.01% Added +1.2k +1,183
85 PARK AVENUE SECURITIES LLC 0.03% of their portfolio NEW YORK, NY 24,82724.8k $3.9m $3.9m 0.03% Reduced -422 -422
86 Golden State Wealth Management, LLC 0.42% of their portfolio SANTA ANA, CA 24,68424.7k $3.8m $3.8m 0.42% Added +58 +58
87 Diversified Enterprises, LLC 0.25% of their portfolio Wilmington, DE 23,90023.9k $3.7m $3.7m 0.25% Reduced -152 -152
88 KPP Advisory Services LLC 0.55% of their portfolio Louisville, KY 23,80623.8k $3.7m $3.7m 0.55% Reduced -11.9k -11,855
89 HARBOUR INVESTMENTS, INC. 0.08% of their portfolio MADISON, WI 23,26823.3k $3.6m $3.6m 0.08% Added +5.4k +5,377
90 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 22,65722.7k $3.1m $3.1m 0.01% Added +11.2k +11,235
91 ORLEANS CAPITAL MANAGEMENT CORP/LA 2.18% of their portfolio MANDEVILLE, LA 21,70121.7k $3.4m $3.4m 2.18% Reduced -5.7k -5,684
92 Peck Wealth Management, LLC 3.20% of their portfolio WHITE PLAINS, NY 21,51421.5k $3.3m $3.3m 3.20% First filing
93 Spectrum Strategic Capital Management, LLC 1.96% of their portfolio CORVALLIS, OR 21,02821.0k $3.3m $3.3m 1.96% Reduced -755 -755
94 Tidemark, LLC 0.94% of their portfolio SAN DIEGO, CA 20,83320.8k $3.2m $3.2m 0.94% Added +14.1k +14,129
95 Bleakley Financial Group, LLC 0.07% of their portfolio PARSIPPANY, NJ 20,13420.1k $3.1m $3.1m 0.07% Added +1.0k +1,023
96 Merit Financial Group, LLC 0.03% of their portfolio ALPHARETTA, GA 20,02020.0k $3.1m $3.1m 0.03% Added +3.1k +3,084
97 SCHMIDT P J INVESTMENT MANAGEMENT INC 0.49% of their portfolio CEDARBURG, WI 19,11819.1k $3.0m $3.0m 0.49% Added +8.5k +8,530
98 EverSource Wealth Advisors, LLC 0.11% of their portfolio BIRMINGHAM, AL 18,51418.5k $2.9m $2.9m 0.11% Added +1.1k +1,149
99 Prospera Financial Services Inc 0.05% of their portfolio Dallas, TX 18,49918.5k $2.9m $2.9m 0.05% Added +962 +962
100 SYNOVUS FINANCIAL CORP 0.03% of their portfolio Columbus, GA 18,36018.4k $2.9m $2.9m 0.03% Reduced -109 -109