Churchill Management’s Invesco QQQ Trust QQQ Stock Holding History

Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake
Trade Value Portfolio Weight Portfolio Position
2025
Q2
$721M Sell
1,307,145
-49,601
-4% -$24.7M 7.83% 2
2025
Q1
$636M Sell
1,356,746
-483,279
-26% -$246M 8.07% 2
2024
Q4
$941M Buy
1,840,025
+13,772
+0.8% +$6.97M 10.27% 2
2024
Q3
$891M Sell
1,826,253
-429,384
-19% -$203M 10.22% 2
2024
Q2
$1.08B Buy
2,255,637
+409,251
+22% +$184M 12.75% 1
2024
Q1
$820M Buy
1,846,386
+433,317
+31% +$186M 10.23% 2
2023
Q4
$579M Buy
1,413,069
+376,661
+36% +$143M 8.9% 2
2023
Q3
$371M Sell
1,036,408
-17,404
-2% -$6.45M 6.28% 3
2023
Q2
$389M Buy
1,053,812
+1,044,818
+11,617% +$352M 6.58% 4
2023
Q1
$2.89M Sell
8,994
-158
-2% -$46.6K 0.06% 105
2022
Q4
$2.44M Sell
9,152
-10,267
-53% -$2.84M 0.06% 99
2022
Q3
$5.19M Buy
+19,419
New +$5.86M 0.14% 85
2022
Q2
Sell
-16,944
Closed -$6.14M 125
2022
Q1
$6.14M Sell
16,944
-705,774
-98% -$251M 0.11% 95
2021
Q4
$288M Sell
722,718
-11,057
-2% -$4.27M 4.01% 7
2021
Q3
$263M Sell
733,775
-10,602
-1% -$3.9M 3.95% 7
2021
Q2
$264M Sell
744,377
-3,405
-0.5% -$1.14M 3.89% 7
2021
Q1
$239M Sell
747,782
-36,077
-5% -$11.5M 3.92% 7
2020
Q4
$246M Sell
783,859
-31,724
-4% -$9.31M 4.19% 6
2020
Q3
$227M Sell
815,583
-36,025
-4% -$9.77M 5.56% 5
2020
Q2
$211M Sell
851,608
-2,795
-0.3% -$626K 6.55% 5
2020
Q1
$163M Sell
854,403
-211,619
-20% -$44.8M 8.19% 4
2019
Q4
$227M Buy
1,066,022
+191,276
+22% +$38.3M 4.31% 8
2019
Q3
$165M Buy
874,746
+13,283
+2% +$2.52M 4.2% 7
2019
Q2
$161M Sell
861,463
-2,457,127
-74% -$452M 4.33% 8
2019
Q1
$596M Buy
+3,318,590
New +$563M 15.86% 2
2018
Q4
Sell
-1,863,514
Closed -$346M 140
2018
Q3
$346M Buy
1,863,514
+633,057
+51% +$115M 7.5% 1
2018
Q2
$211M Sell
1,230,457
-754,119
-38% -$126M 5.62% 8
2018
Q1
$318M Sell
1,984,576
-1,821,088
-48% -$301M 9.22% 2
2017
Q4
$593M Buy
3,805,664
+136,405
+4% +$20.8M 13.01% 1
2017
Q3
$534M Buy
3,669,259
+150,394
+4% +$21.5M 13.12% 1
2017
Q2
$484M Buy
3,518,865
+130,587
+4% +$18M 12.67% 1
2017
Q1
$449M Buy
3,388,278
+73,281
+2% +$9.36M 12.72% 1
2016
Q4
$393M Buy
3,314,997
+1,960,680
+145% +$231M 13.08% 1
2016
Q3
$161M Buy
+1,354,317
New +$156M 6.57% 5
2016
Q1
Sell
-1,918,771
Closed -$215M 130
2015
Q4
$215M Buy
1,918,771
+731,653
+62% +$81.6M 10.1% 2
2015
Q3
$121M Sell
1,187,118
-180,468
-13% -$19.4M 9.66% 2
2015
Q2
$146M Buy
1,367,586
+112,331
+9% +$12.2M 5.21% 4
2015
Q1
$133M Buy
1,255,255
+231,467
+23% +$24.3M 4.55% 6
2014
Q4
$106M Sell
1,023,788
-122,414
-11% -$12.4M 4.2% 8
2014
Q3
$113M Buy
1,146,202
+256,618
+29% +$25M 4.66% 6
2014
Q2
$83.5M Sell
889,584
-340,673
-28% -$30.4M 3.77% 11
2014
Q1
$108M Buy
1,230,257
+218,405
+22% +$19.3M 4.24% 8
2013
Q4
$89M Buy
1,011,852
+265,667
+36% +$22.1M 3.41% 11
2013
Q3
$58.9M Buy
746,185
+104,527
+16% +$7.96M 3.04% 10
2013
Q2
$45.7M Buy
+641,658
New +$45.8M 2.13% 14

Other funds holding QQQ

Churchill Management's QQQ Position: Q2 2025 in Review

Churchill Management reduced its Invesco QQQ Trust (QQQ) stake by 3.7% in Q2 2025, selling an estimated $24.7M and leaving 1,307,145 shares worth $721M. The position accounts for 7.83% of the portfolio, ranked #2.

Churchill Management first reported a position in QQQ in Q2 2013 and has held it in 45 quarters since. The position peaked at $1.08B in Q2 2024. 3,483 funds tracked by Wall St. Rank hold QQQ as of Q2 2025.

  • Churchill Management held 1,307,145 shares of Invesco QQQ Trust worth $721M as of Q2 2025.
  • Churchill Management sold 49,601 Invesco QQQ Trust shares in Q2 2025, an estimated $24.7M.
  • Invesco QQQ Trust made up 7.83% of Churchill Management's portfolio in Q2 2025, its #2 holding.
  • Churchill Management first reported a position in Invesco QQQ Trust in Q2 2013 and has held it in 45 quarters since.
  • Churchill Management's Invesco QQQ Trust position peaked at $1.08B in Q2 2024.
  • 3,483 funds tracked by Wall St. Rank held Invesco QQQ Trust as of Q2 2025.

Based on Churchill Management's 13F filing for Q2 2025, filed 18 Jul 2025.