Vault-13

INVESCO EXCHANGE TRADED FD T PPA

AEROSPACE DEFN · ETP · CUSIP 46137V100

571 institutional holders +54 vs Q4 2025
24,885,90724.9m shares reported held*
$4.1bnreported value*
89 new 237 added 115 reduced 35 sold out net bought ≈ $163.8m (+988.2k 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 ($954.8k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $165.79. Options: 3 managers hold calls ($1.9m notional), 3 hold puts ($3.2m).

Trends to Q1 2026

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: 448Q4 25: 517Q1 26: 571571Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q4 2025517
Q1 2026571

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q2 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 25Q4 25: 253 bought or addedQ4 25: 131 cut or sold outQ1 26: 326 bought or addedQ1 26: 150 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 202419284
Q3 2024191111
Q4 2024211118
Q1 2025184169
Q2 2025233142
Q3 2025256140
Q4 2025253131
Q1 2026326150

Calls vs puts

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

CallsPuts
$0$1m$2m$3m$4mQ2 25 calls: $1.2mQ2 25 puts: $1.1mQ2 25P/C 0.88Q3 25 calls: $1.5mQ3 25 puts: $1.5mQ3 25P/C 1.03Q4 25 calls: $1.0mQ4 25 puts: $1.1mQ4 25P/C 1.06Q1 26 calls: $1.9mQ1 26 puts: $3.2mQ1 26P/C 1.69
Numbers
QuarterCallsPutsP/C
Q2 2025$1.2m$1.1m0.88
Q3 2025$1.5m$1.5m1.03
Q4 2025$1.0m$1.1m1.06
Q1 2026$1.9m$3.2m1.69

Biggest buyers

LPL Financial LLC Added +237,797+237.8k
MAINSTAY CAPITAL MANAGEMENT LLC /ADV New +156,035+156.0k
AMERIPRISE FINANCIAL INC Added +98,993+99.0k
Kestra Advisory Services, LLC Added +88,795+88.8k
WELLS FARGO & COMPANY/MN Added +85,447+85.4k
ACORN FINANCIAL ADVISORY SERVICES INC /ADV New +79,823+79.8k
RAYMOND JAMES FINANCIAL INC Added +79,032+79.0k
ASSETMARK, INC Added +68,211+68.2k
Beacon Pointe Advisors, LLC Added +56,441+56.4k
JONES FINANCIAL COMPANIES LLLP Added +51,633+51.6k

Biggest sellers

AXXCESS WEALTH MANAGEMENT, LLC Sold out -337,760-337.8k
BANK OF AMERICA CORP /DE/ Reduced -296,375-296.4k
Quadrature Capital Ltd Sold out -82,136-82.1k
BNP PARIBAS FINANCIAL MARKETS Reduced -69,485-69.5k
PRUDENTIAL PLC Sold out -64,600-64.6k
Corient Private Wealth LP Reduced -51,674-51.7k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Reduced -43,220-43.2k
MML INVESTORS SERVICES, LLC Reduced -22,295-22.3k
BARCLAYS PLC Sold out -15,000-15.0k
Tidemark, LLC Reduced -13,751-13.8k

Biggest calls

CITADEL ADVISORS LLC Added $1.1m6.5k shares
Belvedere Trading LLC Added $778.8k4.7k shares
GROUP ONE TRADING LLC Reduced $16.6k100 shares

Biggest puts

Belvedere Trading LLC Added $2.4m14.3k shares
CITADEL ADVISORS LLC Reduced $762.2k4.6k shares
RAYMOND JAMES FINANCIAL INC New $30.0k200 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, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.09% of their portfolio CHARLOTTE, NC 7,418,8327.4m $1.2bn $1.2bn 0.09% Reduced -296.4k -296,375
2 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 2,168,2712.2m $359.3m $359.3m 0.02% Added +25.1k +25,063
3 LPL Financial LLC 0.09% of their portfolio FORT MILL, SC 1,966,8602.0m $325.9m $325.9m 0.09% Added +237.8k +237,797
4 UBS Group AG 0.02% of their portfolio ZURICH, V8 811,147811.1k $134.4m $134.4m 0.02% Added +26.5k +26,492
5 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 736,972737.0k $122.1m $122.1m 0.02% Added +85.4k +85,447
6 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 557,207557.2k $92.3m $92.3m 0.02% Added +99.0k +98,993
7 RAYMOND JAMES FINANCIAL INC 0.03% of their portfolio ST. PETERSBURG, FL 527,943527.9k $87.5m $87.5m 0.03% Added +79.0k +79,032
8 HighTower Advisors, LLC 0.09% of their portfolio CHICAGO, IL 491,329491.3k $81.4m $81.4m 0.09% Reduced -7.0k -7,015
9 Composition Wealth, LLC 0.91% of their portfolio LOS ANGELES, CA 399,687399.7k $66.2m $66.2m 0.91% Added +49.4k +49,427
10 Cetera Investment Advisers 0.06% of their portfolio SCHAUMBURG, IL 352,527352.5k $58.4m $58.4m 0.06% Added +47.1k +47,060
11 Summit Trail Advisors, LLC 0.79% of their portfolio NEW YORK, NY 332,632332.6k $55.1m $55.1m 0.79% Added +42.1k +42,065
12 Capital Asset Advisory Services LLC 2.20% of their portfolio Williamston, MI 325,342325.3k $57.4m $57.4m 2.20% Reduced -13.4k -13,424
13 MEITAV INVESTMENT HOUSE LTD 0.50% of their portfolio BENE-BERAQ, L3 275,480275.5k $45.6m $45.6m 0.50% Unchanged
14 OSAIC HOLDINGS, INC. 0.06% of their portfolio SCOTTSDALE, AZ 266,754266.8k $44.2m $44.2m 0.06% Added +44.5k +44,514
15 JONES FINANCIAL COMPANIES LLLP 0.02% of their portfolio DES PERES, MO 228,497228.5k $37.6m $37.6m 0.02% Added +51.6k +51,633
16 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 221,008221.0k $36.6m $36.6m 0.01% Added +16.3k +16,319
17 MAI Capital Management 0.20% of their portfolio INDEPENDENCE, OH 216,231216.2k $35.8m $35.8m 0.20% Reduced -5.7k -5,746
18 COMMONWEALTH EQUITY SERVICES, LLC 0.05% of their portfolio WALTHAM, MA 203,720203.7k $33.8m $33.8m 0.05% Added +17.5k +17,483
19 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 200,967201.0k $33.3m $33.3m 0.01% Added +16.4k +16,357
20 Cambridge Investment Research Advisors, Inc. 0.08% of their portfolio FAIRFIELD, IA 189,390189.4k $31.4m $31.4m 0.08% Added +31.1k +31,144
21 Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD 1.80% of their portfolio Tel Aviv, L3 166,184166.2k $27.5m $27.5m 1.80% Unchanged
22 TRUIST FINANCIAL CORP 0.04% of their portfolio CHARLOTTE, NC 164,314164.3k $27.2m $27.2m 0.04% Added +297 +297
23 MAINSTAY CAPITAL MANAGEMENT LLC /ADV 1.99% of their portfolio GRAND BLANC, MI 156,035156.0k $25.9m $25.9m 1.99% New
24 Kestra Advisory Services, LLC 0.10% of their portfolio AUSTIN, TX 153,727153.7k $25.5m $25.5m 0.10% Added +88.8k +88,795
25 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 144,228144.2k $23.9m $23.9m 0.01% Reduced -43.2k -43,220
26 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 140,713140.7k $23.3m $23.3m 0.02% Added +16.1k +16,053
27 Equitable Holdings, Inc. 0.13% of their portfolio NEW YORK, NY 128,625128.6k $20.2m $20.2m 0.13% Added +12.4k +12,377
28 MML INVESTORS SERVICES, LLC 0.06% of their portfolio SPRINGFIELD, MA 128,577128.6k $21.3m $21.3m 0.06% Reduced -22.3k -22,295
29 Modern Wealth Management, LLC 0.37% of their portfolio KANSAS CITY, MO 125,622125.6k $21.3m $21.3m 0.37% Added +35.5k +35,466
30 Focus Partners Wealth 0.02% of their portfolio ST LOUIS, MO 117,227117.2k $19.4m $19.4m 0.02% Added +11.4k +11,429
31 Private Advisor Group, LLC 0.09% of their portfolio MORRISTOWN, NJ 115,401115.4k $19.1m $19.1m 0.09% Added +38.2k +38,226
32 Beacon Pointe Advisors, LLC 0.10% of their portfolio NEWPORT BEACH, CA 114,217114.2k $18.9m $18.9m 0.10% Added +56.4k +56,441
33 Janney Montgomery Scott LLC 0.05% of their portfolio PHILADELPHIA, PA 111,812111.8k $18.5m $18.5m 0.05% Added +13.9k +13,931
34 SEARCY FINANCIAL SERVICES INC /ADV 6.51% of their portfolio OVERLAND PARK, KS 105,875105.9k $17.5m $17.5m 6.51% Reduced -7.0k -7,022
35 Corient Private Wealth LP 0.02% of their portfolio MIAMI, FL 105,218105.2k $17.4m $17.4m 0.02% Reduced -51.7k -51,674
36 J.W. COLE ADVISORS, INC. 0.53% of their portfolio TAMPA, FL 95,06495.1k $15.8m $15.8m 0.53% Added +4.4k +4,403
37 IHT Wealth Management, LLC 0.36% of their portfolio Chicago, IL 91,16891.2k $15.1m $15.1m 0.36% Added +8.8k +8,843
38 INVESTMENT MANAGEMENT CORP /VA/ /ADV 12.49% of their portfolio ROANOKE, VA 87,77687.8k $14.5m $14.5m 12.49% Reduced -1.3k -1,347
39 EFG International AG 0.31% of their portfolio Zurich, V8 85,91885.9k $14.2m $14.2m 0.31% Reduced -2.2k -2,180
40 Presidio Capital Management, LLC 4.11% of their portfolio SAN DIEGO, CA 85,43685.4k $14.2m $14.2m 4.11% Added +1.8k +1,761
41 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 83,22683.2k $13.8m $13.8m 0.00% Reduced -64 -64
42 ACORN FINANCIAL ADVISORY SERVICES INC /ADV 1.81% of their portfolio Reston, VA 79,82379.8k $13.2m $13.2m 1.81% New
43 Perigon Wealth Management, LLC 0.23% of their portfolio SAN FRANCISCO, CA 75,48875.5k $12.5m $12.5m 0.23% Added +321 +321
44 Mivtachim The Workers Social Insurance Fund Ltd. (Under Special Management) 1.51% of their portfolio Tel Aviv, L3 72,00072.0k $11.9m $11.9m 1.51% Unchanged
45 ADAPT WEALTH ADVISORS, LLC 4.26% of their portfolio ATLANTA, GA 70,96371.0k $11.8m $11.8m 4.26% Reduced -2.1k -2,051
46 VALLEY WEALTH MANAGERS, INC. 0.75% of their portfolio PARAMUS, NJ 70,50370.5k $11.7m $11.7m 0.75% Added +878 +878
47 ASSETMARK, INC 0.02% of their portfolio CONCORD, CA 68,97469.0k $11.4m $11.4m 0.02% Added +68.2k +68,211
48 Hollow Brook Wealth Management LLC 2.69% of their portfolio Katonah, NY 63,57163.6k $10.5m $10.5m 2.69% Reduced -246 -246
49 Steward Partners Investment Advisory, LLC 0.05% of their portfolio STAMFORD, CT 61,79461.8k $10.2m $10.2m 0.05% Added +7.1k +7,125
50 Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD 2.00% of their portfolio Tel Aviv, L3 61,16561.2k $10.1m $10.1m 2.00% Unchanged
51 Prosperity Consulting Group, LLC 0.44% of their portfolio OWINGS MILLS, MD 60,32360.3k $10.0m $10.0m 0.44% Added +1.7k +1,710
52 NewEdge Advisors, LLC 0.03% of their portfolio NEW ORLEANS, LA 52,82052.8k $8.8m $8.8m 0.03% Added +9.7k +9,747
53 Madrid Financial Services 5.05% of their portfolio MANHATTAN BEACH, CA 51,61051.6k $8.6m $8.6m 5.05% Reduced -413 -413
54 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 50,42450.4k $8.1m $8.1m 0.00% Added +7.5k +7,545
55 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 47,57447.6k $7.9m $7.9m 0.01% Added +3.6k +3,567
56 Quaker Wealth Management, LLC 2.41% of their portfolio MOORESTOWN, NJ 46,59646.6k $7.7m $7.7m 2.41% Added +579 +579
57 KPP Advisory Services LLC 1.06% of their portfolio Louisville, KY 43,88843.9k $7.3m $7.3m 1.06% Added +14.7k +14,730
58 SageGuard Financial Group, LLC 1.12% of their portfolio GOODLETTSVILLE, TN 43,58643.6k $7.2m $7.2m 1.12% Reduced -10 -10
59 Detalus Advisors, LLC 1.64% of their portfolio ST. LOUIS, MO 43,26643.3k $7.2m $7.2m 1.64% Added +10.0k +9,978
60 Pachira Investments Inc. 3.33% of their portfolio DANA POINT, CA 43,04243.0k $7.1m $7.1m 3.33% Added +11.8k +11,827
61 Kovack Advisors, Inc. 0.38% of their portfolio FT. LAUDERDALE, FL 42,64642.6k $7.1m $7.1m 0.38% Reduced -437 -437
62 New England Private Wealth Advisors LLC 0.80% of their portfolio WELLESLEY, MA 41,97842.0k $7.0m $7.0m 0.80% Added +501 +501
63 WEDBUSH SECURITIES INC 0.20% of their portfolio PASADENA, CA 41,85841.9k $6.9m $6.9m 0.20% Added +5.8k +5,846
64 CMH Wealth Management LLC 1.18% of their portfolio PORTSMOUTH, NH 41,53841.5k $6.9m $6.9m 1.18% Reduced -791 -791
65 Federation des caisses Desjardins du Quebec 0.02% of their portfolio LEVIS, A8 41,43141.4k $6.9m $6.9m 0.02% Added +1.1k +1,142
66 Artesa Financial Group, LLC 6.54% of their portfolio CONROE, TX 41,37741.4k $6.9m $6.9m 6.54% Added +1.2k +1,241
67 Uniting Wealth Partners, LLC 1.45% of their portfolio DENVER, CO 40,97941.0k $6.8m $6.8m 1.45% Added +1.2k +1,243
68 Belpointe Asset Management LLC 0.24% of their portfolio RENO, NV 40,41340.4k $6.7m $6.7m 0.24% Added +6.8k +6,769
69 BECK CAPITAL MANAGEMENT, LLC 1.51% of their portfolio AUSTIN, TX 39,77139.8k $6.6m $6.6m 1.51% Added +56 +56
70 NORDEN GROUP LLC 0.57% of their portfolio PROVO, UT 35,65535.7k $5.9m $5.9m 0.57% New
71 RM Financial Services, LLC 5.08% of their portfolio FALMOUTH, ME 35,57435.6k $5.9m $5.9m 5.08% Added +5.0k +4,976
72 CASTLE WEALTH MANAGEMENT LLC 1.88% of their portfolio BOYNTON BEACH, FL 34,93234.9k $5.8m $5.8m 1.88% Reduced -1.1k -1,112
73 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 34,87934.9k $5.8m $5.8m 0.01% Reduced -2.0k -1,996
74 Financial Partners Group, Inc 0.69% of their portfolio Overland Park, KS 34,59634.6k $5.7m $5.7m 0.69% Added +494 +494
75 GREAT VALLEY ADVISOR GROUP, INC. 0.10% of their portfolio WILMINGTON, DE 34,47534.5k $5.7m $5.7m 0.10% Added +3.0k +3,050
76 FLAGSHIP HARBOR ADVISORS, LLC 0.25% of their portfolio BOSTON, MA 34,44834.4k $5.7m $5.7m 0.25% Reduced -2.9k -2,939
77 FISCHER INVESTMENT STRATEGIES, LLC 3.20% of their portfolio Westlake Village, CA 33,12733.1k $5.5m $5.5m 3.20% New
78 StoneX Group Inc. 0.29% of their portfolio NEW YORK, NY 32,49632.5k $5.4m $5.4m 0.29% Added +2.2k +2,237
79 WT Wealth Management 1.56% of their portfolio SCOTTSDALE, AZ 31,62531.6k $5.2m $5.2m 1.56% Added +2.3k +2,322
80 Sowell Financial Services LLC 0.19% of their portfolio NORTH LITTLE ROCK, AR 31,13631.1k $5.2m $5.2m 0.19% Added +848 +848
81 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 30,74530.7k $5.1m $5.1m 0.01% Added +6.7k +6,749
82 HARBOUR INVESTMENTS, INC. 0.08% of their portfolio MADISON, WI 30,41930.4k $5.0m $5.0m 0.08% Added +5.8k +5,837
83 Henson-Edgewater Management, LLC 3.12% of their portfolio AVON, OH 29,61029.6k $4.9m $4.9m 3.12% Reduced -780 -780
84 Brookstone Capital Management 0.06% of their portfolio WHEATON, IL 29,49329.5k $4.9m $4.9m 0.06% Reduced -1.4k -1,373
85 Pacific Sun Financial Corp 2.37% of their portfolio LOS ANGELES, CA 29,48429.5k $4.9m $4.9m 2.37% Added +381 +381
86 CREATIVE FINANCIAL DESIGNS INC /ADV 0.30% of their portfolio KOKOMO, IN 29,32029.3k $4.9m $4.9m 0.30% Reduced -764 -764
87 Green Ridge Wealth Planning LLC 2.55% of their portfolio MONTVILLE, NJ 29,18629.2k $4.8m $4.8m 2.55% Added +98 +98
88 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 29,15929.2k $4.8m $4.8m 0.00% New
89 Capital Advisors, Ltd. LLC 0.49% of their portfolio SHAKER HEIGHTS, OH 26,26726.3k $4.4m $4.4m 0.49% Added +653 +653
90 JUNCTURE WEALTH STRATEGIES, LLC 1.41% of their portfolio SCOTTSDALE, AZ 25,54425.5k $4.2m $4.2m 1.41% Added +3.2k +3,224
91 Waterloo Capital, L.P. 0.29% of their portfolio AUSTIN, TX 25,31025.3k $4.2m $4.2m 0.29% New
92 McNaughton Wealth Management, LLC 1.70% of their portfolio SAN DIEGO, CA 24,79324.8k $4.1m $4.1m 1.70% Added +7.8k +7,760
93 Turn8 Private Wealth Inc. 2.56% of their portfolio POINTE CLAIRE, A8 24,69424.7k $4.1m $4.1m 2.56% New
94 Golden State Wealth Management, LLC 0.44% of their portfolio SANTA ANA, CA 24,34624.3k $4.0m $4.0m 0.44% Added +7 +7
95 Merit Financial Group, LLC 0.03% of their portfolio ALPHARETTA, GA 24,25724.3k $4.0m $4.0m 0.03% Added +2.4k +2,436
96 PARK AVENUE SECURITIES LLC 0.03% of their portfolio NEW YORK, NY 24,12224.1k $4.0m $4.0m 0.03% Reduced -1.2k -1,226
97 Diversified Enterprises, LLC 0.22% of their portfolio Wilmington, DE 23,98324.0k $4.0m $4.0m 0.22% Added +145 +145
98 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 23,59423.6k $3.9m $3.9m 0.01% Reduced -1.1k -1,092
99 Riggs Asset Managment Co. Inc. 0.80% of their portfolio DALLAS, PA 23,36923.4k $3.9m $3.9m 0.80% Reduced -7.6k -7,625
100 Prospera Financial Services Inc 0.06% of their portfolio Dallas, TX 23,01123.0k $3.8m $3.8m 0.06% Added +4.0k +3,959