Invesco Aerospace & Defense ETF (PPA) Holdings
PPA holdings summary
as of Oct 25, 2026- Holdings
- 66 positions listed
- Top 10 weight
- 62.5% of net assets
- Effective holdings
- 20 equal-weight equivalent
- Largest holding
- RTX 9.75% RTX Corporation
- Annual turnover
- 0.0% of the portfolio traded
All PPA holdings
| # | Name | ||||||
|---|---|---|---|---|---|---|---|
| 1 | RTX | RTX Corporation | Industrials | 9.75% | $709.7M | $261.36B | 34.1 |
| 2 | LMT | Lockheed Martin Corporation | Industrials | 9.60% | $698.9M | $127.42B | 20.3 |
| 3 | BA | The Boeing Company | Industrials | 9.09% | $662.1M | $150.34B | 67.9 |
| 4 | GCP | General Electric Company | Other | 8.17% | $595.3M | — | — |
| 5 | GD | General Dynamics Corporation | Industrials | 5.67% | $412.8M | $93.13B | 21.0 |
| 6 | NOC | Northrop Grumman Corporation | Industrials | 5.18% | $377.0M | $73.85B | 16.5 |
| 7 | LHX | L3Harris Technologies, Inc. | Industrials | 4.12% | $300.4M | $46.28B | 25.1 |
| 8 | HONAV | Honeywell Aerospace Inc. Common Stock When Issued | Other | 4.09% | $297.8M | — | — |
| 9 | TDG | TransDigm Group Incorporated | Industrials | 3.42% | $249.2M | $62.98B | 34.6 |
| 10 | HWM | Howmet Aerospace Inc. | Industrials | 3.41% | $248.2M | $88.12B | 47.6 |
| 11 | PH | Parker-Hannifin Corporation | Industrials | 3.25% | $236.5M | $121.49B | 33.8 |
| 12 | ESLT | Elbit Systems Ltd | Industrials | 2.94% | $213.8M | — | — |
| 13 | APH | Amphenol Corporation | Technology | 2.06% | $150.2M | $195.67B | 39.7 |
| 14 | AXON | Axon Enterprise, Inc. | Industrials | 2.01% | $146.5M | $31.71B | 161.9 |
| 15 | ETN | Eaton Corporation plc | Industrials | 1.77% | $128.6M | $151.92B | 39.8 |
| 16 | PLTR | Palantir Technologies Inc. | Technology | 1.69% | $123.3M | $447.04B | 160.4 |
| 17 | HEI | HEICO Corporation | Industrials | 1.25% | $91.2M | $43.31B | 51.6 |
| 18 | ATI | ATI Inc. | Industrials | 1.23% | $89.5M | $25.27B | 54.4 |
| 19 | LDOS | Leidos Holdings, Inc. | Technology | 1.02% | $74.2M | $15.67B | 11.7 |
| 20 | CW | Curtiss-Wright Corporation | Industrials | 1.02% | $74.0M | $18.55B | 34.6 |
| 21 | CACI | CACI International Inc | Technology | 1.00% | $72.9M | $13.58B | 25.4 |
| 22 | WWD | Woodward, Inc. | Industrials | 0.98% | $71.6M | $19.40B | 36.5 |
| 23 | SPCX | Space Exploration Technologies Corp. | Industrials | 0.94% | $68.7M | $1.92T | — |
| 24 | HII | Huntington Ingalls Industries, Inc. | Industrials | 0.94% | $68.1M | $10.72B | 16.2 |
| 25 | TXT | Textron Inc. | Industrials | 0.84% | $61.1M | $13.20B | 14.3 |
| 26 | CRS | Carpenter Technology Corporation | Industrials | 0.79% | $57.5M | $18.69B | 35.8 |
| 27 | RKLB | Rocket Lab USA, Inc. | Industrials | 0.77% | $56.0M | $32.51B | — |
| 28 | TDY | Teledyne Technologies Incorporated | Technology | 0.74% | $53.8M | $28.68B | 29.9 |
| 29 | 2VZ | LEONARDO DRS INC. DL-01 | Industrials | 0.72% | $52.7M | — | — |
| 30 | CAE | CAE Inc. | Industrials | 0.68% | $49.6M | — | — |
| 31 | BWXT | BWX Technologies, Inc. | Industrials | 0.68% | $49.3M | $12.55B | 35.5 |
| 32 | MOG.A | Moog Inc. | Industrials | 0.67% | $48.7M | $11.67B | 31.1 |
| 33 | KEYS | Keysight Technologies, Inc. | Technology | 0.67% | $48.5M | $56.39B | 44.8 |
| 34 | BAH | Booz Allen Hamilton Holding Corporation | Industrials | 0.63% | $46.1M | $8.93B | 11.7 |
| 35 | VSAT | Viasat, Inc. | Technology | 0.61% | $44.8M | $8.10B | — |
| 36 | SARO | StandardAero, Inc. | Industrials | 0.60% | $43.4M | $7.05B | 22.0 |
| 37 | KTOS | Kratos Defense & Security Solutions, Inc. | Industrials | 0.56% | $40.5M | $7.59B | 237.8 |
| 38 | AVAV | AeroVironment, Inc. | Industrials | 0.50% | $36.2M | $6.19B | — |
| 39 | HXL | Hexcel Corporation | Industrials | 0.49% | $35.7M | $6.82B | 45.6 |
| 40 | KRMN | Karman Holdings Inc. | Industrials | 0.41% | $29.6M | $4.60B | 119.6 |
| 41 | SAIC | Science Applications International Corporation | Technology | 0.40% | $29.1M | $5.58B | 15.5 |
| 42 | MRCY | Mercury Systems, Inc. | Industrials | 0.38% | $27.3M | $4.52B | — |
| 43 | MDA | MDA Ltd | Industrials | 0.37% | $26.8M | — | — |
| 44 | LOAR | Loar Holdings Inc. | Industrials | 0.34% | $25.1M | $5.83B | 87.6 |
| 45 | AIR | AAR Corp. | Industrials | 0.31% | $22.3M | $3.97B | 20.3 |
| 46 | KBR | KBR, Inc. | Industrials | 0.27% | $19.5M | $4.59B | 10.9 |
| 47 | PL | Planet Labs PBC | Industrials | 0.26% | $18.8M | $4.93B | — |
| 48 | TTMI | TTM Technologies, Inc. | Technology | 0.25% | $18.2M | $9.89B | 42.5 |
| 49 | AMTM | Amentum Holdings Inc. | Industrials | 0.24% | $17.7M | $4.77B | 23.5 |
| 50 | OSK | Oshkosh Corporation | Industrials | 0.21% | $15.4M | $7.84B | 14.5 |
| 51 | DCO | Ducommun Incorporated | Industrials | 0.20% | $14.3M | $2.58B | — |
| 52 | OSIS | OSI Systems, Inc. | Technology | 0.19% | $14.2M | $3.11B | 21.8 |
| 53 | VEC | Vectrus Inc | Industrials | 0.19% | $13.7M | — | — |
| 54 | FLY | Firefly Aerospace Inc. | Industrials | 0.18% | $13.2M | $2.80B | — |
| 55 | RDW | Redwire Corporation | Industrials | 0.18% | $13.0M | $2.10B | — |
| 56 | ONDS | Ondas Holdings Inc. | Information Technology | 0.16% | $11.7M | $3.52B | — |
| 57 | IRDM | Iridium Communications Inc | Communication Services | 0.15% | $11.0M | $4.64B | 49.7 |
| 58 | AADX | Applied Aerospace & Defense, Inc. | Industrials | 0.15% | $10.9M | $1.96B | — |
| 59 | PSN | Parsons Corporation | Technology | 0.15% | $10.6M | $4.72B | 30.4 |
| 60 | LASR | nLIGHT, Inc. | Technology | 0.12% | $8.5M | $1.94B | — |
| 61 | HAWK | HawkEye 360, Inc. | Industrials | 0.10% | $7.3M | $1.22B | — |
| 62 | CDRE | Cadre Holdings, Inc. | Industrials | 0.09% | $6.7M | $1.13B | 32.6 |
| 63 | VOYG | Voyager Technologies, Inc. | Industrials | 0.09% | $6.7M | $1.55B | — |
| 64 | BKSY | BlackSky Technology Inc. | Industrials | 0.06% | $4.3M | $708.8M | — |
| 65 | AVEX | AEVEX Corp. | Industrials | 0.06% | $4.0M | $1.06B | 73.1 |
| 66 | AGPXX | Invesco Short-Term Investments Trust Government & Agency Portfolio Institutional | Other | 0.05% | $3.9M | — | — |
Weights as a percentage of net assets. Value held = weight × net assets ($7.28B). Market cap and P/E from each company's latest fundamentals (U.S.-listed stocks).
PPA sector breakdown
| Sector | Weight | Holdings | Largest |
|---|---|---|---|
| Industrials | 78.5% | 49 | RTX, LMT, BA |
| Other | 12.3% | 3 | GCP, HONAV, AGPXX |
| Technology | 8.9% | 12 | APH, PLTR, LDOS |
| Information Technology | 0.2% | 1 | ONDS |
| Communication Services | 0.2% | 1 | IRDM |
Sum of the weights of the holdings in each sector.
PPA top industries
PPA overlap with other ETFs
| ETF | Fund | Overlap | Shared holdings | Expense ratio |
|---|---|---|---|---|
| MISL | First Trust Indxx Aerospace & Defense ETF | 69.2% | 38 of 44 | 0.62% |
| NATO | Themes Transatlantic Defense ETF | 58.3% | 34 of 85 | 0.34% |
| ITA | iShares U.S. Aerospace & Defense ETF | 57.9% | 32 of 50 | 0.41% |
| WDGF | WisdomTree Global Defense Fund | 52.1% | 43 of 109 | — |
| SHLD | Global X Defense Tech ETF | 47.9% | 22 of 50 | 0.47% |
| FOWF | Pacer Solactive Whitney Future of Warfare ETF | 43.6% | 15 of 85 | — |
Overlap = sum over shared holdings of the smaller of the two weights. 100% means identical portfolios.
About the PPA portfolio
Invesco Aerospace & Defense ETF holds 66 positions. The ten largest make up 62.5% of the fund and the top 50 98.0%, so it behaves like a portfolio of about 20 equally weighted stocks. The biggest positions are RTX Corporation (9.75%), Lockheed Martin Corporation (9.60%), The Boeing Company (9.09%), General Electric Company (8.17%), General Dynamics Corporation (5.67%).
By sector, Industrials is 78.5%, Other is 12.3%, Technology is 8.9%. Holdings data is from the fund's latest portfolio as reported by EODHD on October 25, 2026; positions change as the fund rebalances.
Related: PPA chart, PPA performance, PPA dividends, PPA valuation, PPA overview.
PPA holdings FAQ
How many holdings does PPA have?
PPA holds 66 positions as of October 25, 2026.
What are the top 10 holdings of PPA?
The ten largest holdings are RTX Corporation (9.75%), Lockheed Martin Corporation (9.60%), The Boeing Company (9.09%), General Electric Company (8.17%), General Dynamics Corporation (5.67%), Northrop Grumman Corporation (5.18%), L3Harris Technologies, Inc. (4.12%), Honeywell Aerospace Inc. Common Stock When Issued (4.09%), TransDigm Group Incorporated (3.42%), Howmet Aerospace Inc. (3.41%). Together they are 62.5% of the fund.
What percentage of PPA is RTX Corporation?
RTX Corporation is the largest holding at 9.75% of net assets, about $709.7M of the fund's $7.28B.
Which sector is the largest in PPA?
Industrials is the largest sector at 78.5%, followed by Other (12.3%) and Technology (8.9%), based on the sectors of the individual holdings.
How concentrated is PPA?
The top 10 holdings are 62.5% of the fund. By the effective number of holdings (1 divided by the sum of squared weights) PPA behaves like a portfolio of about 20 equally weighted stocks.