Graham Capital Management’s Invesco QQQ Trust QQQ Stock Holding History

Graham Capital Management’s Portfolio QQQ Stock Details QQQ Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	–	Sell	-190,000	Closed	-$117M	–	1444
2025 Q4	$117M	Sell	190,000 -10,000	-5%	-$6.14M	2.79%	3
2025 Q3	$120M	Sell	200,000 -75,000	-27%	-$42.9M	1.9%	9
2025 Q2	$152M	Buy	+275,000	New	+$137M	2.29%	7
2024 Q2	–	Sell	-170,000	Closed	-$75.5M	–	1305
2024 Q1	$75.5M	Buy	+170,000	New	+$72.9M	1.42%	11
2023 Q4	–	Sell	-440,000	Closed	-$158M	–	1273
2023 Q3	$158M	Buy	+440,000	New	+$163M	3.7%	4
2021 Q1	–	Sell	-168,500	Closed	-$52.9M	–	161
2020 Q4	$52.9M	Buy	+168,500	New	+$49.5M	1.94%	13
2014 Q2	–	Sell	-500,000	Closed	-$43.8M	–	169
2014 Q1	$43.8M	Buy	+500,000	New	+$44.2M	2.4%	8

Other funds holding QQQ

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

LPL Financial San Diego, California $377B AUM 19.32% 1-Year Est. Return

Susquehanna International Group Bala Cynwyd, Pennsylvania $893B AUM 36.07% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

Raymond James Financial St Petersburg, Florida $324B AUM 22.36% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

Graham Capital Management's QQQ Position: Q4 2025 in Review

Graham Capital Management sold out of Invesco QQQ Trust (QQQ) in Q4 2025, closing a stake of 8,200 shares — an estimated $5.03M sold.

Graham Capital Management first reported a position in QQQ in Q1 2015 and held it in 10 quarters. The position peaked at $259M in Q3 2018. 3,851 funds tracked by Wall St. Rank hold QQQ as of Q4 2025.

Graham Capital Management reported no remaining Invesco QQQ Trust position as of Q4 2025 after selling out during the quarter.
Graham Capital Management sold 8,200 Invesco QQQ Trust shares in Q4 2025, an estimated $5.03M.
Graham Capital Management first reported a position in Invesco QQQ Trust in Q1 2015 and held it in 10 quarters.
Graham Capital Management's Invesco QQQ Trust position peaked at $259M in Q3 2018.
3,851 funds tracked by Wall St. Rank held Invesco QQQ Trust as of Q4 2025.

Based on Graham Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.