Invesco adjusts portfolio, selling AI-vulnerable stocks and adding defense and entertainment plays.

Invesco's Q1 2026 update reveals they sold shares in OBIC Business Consultants and Rightmove due to risks from AI disruption. They see potential in BAE Systems, a UK defense contractor benefiting from rising defense budgets. Flutter Entertainment's market grows with regulatory access but faces margin and competition concerns. Universal Music was sold amid valuation worries. The fund also initiated five new positions, signaling strategic portfolio shifts.