HCM Defender 100 Index ETF
QQH
54 hedge funds and large institutions have $611M invested in HCM Defender 100 Index ETF in 2025 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 18 increasing their positions, 20 reducing their positions, and 3 closing their positions.
267% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 3
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
15% more funds holding
Funds holding: 47 → 54 (+7)
5% more capital invested
Capital invested by funds: $579M → $611M (+$31.6M)
4.16% more ownership
Funds ownership: 114.46% → 118.63% (+4.2%)
10% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Howard Capital Management
Roswell,
Georgia
|
+$22.5M |
| 2 |
HAG
HighPoint Advisor Group
Downers Grove,
Illinois
|
+$3.22M |
| 3 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
+$1.65M |
| 4 |
LPL Financial
San Diego,
California
|
+$1.38M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$1.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$4.84M |
| 2 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$3.58M |
| 3 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
-$3.51M |
| 4 |
OAS
Optivise Advisory Services
Franklin,
Tennessee
|
-$2.14M |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$2.04M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
AssetMark Inc
Concord,
California
| $63.7K | – | – | – |
|
52
Morgan Stanley
New York
| $38.8K | +$78 | +1 | +0.2% |
|
53
Wells Fargo
San Francisco,
California
| $28.2K | +$28.4K | +365 | New |
|
|
SPIA
54
Steward Partners Investment Advisory
New York
| $10.5K | – | – | – |
|
|
CI
55
CPR Investments
Rochester,
Michigan
| – | -$1.42M | -18,606 | Closed |
|
|
SF
56
Summit Financial
Parsippany,
New Jersey
| – | -$465K | -6,087 | Closed |
|
57
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$37K | -484 | Closed |
|
QQH Hedge Fund Activity: Q4 2025 in Review
54 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in HCM Defender 100 Index ETF (QQH) for Q4 2025, worth a combined $611M — up 5.5% from $579M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new QQH positions and 3 closed out — a net gain of 8 holders — while 18 added to existing stakes and 20 trimmed.
The largest buyer was Howard Capital Management, adding an estimated $22.5M. The largest seller was Envestnet Asset Management, cutting an estimated $4.84M.
- 54 institutional investors held HCM Defender 100 Index ETF (QQH) as of Q4 2025, up from 47 in Q3 2025.
- Funds reported $611M of HCM Defender 100 Index ETF stock for Q4 2025, up 5.5% quarter-over-quarter.
- 11 funds opened new HCM Defender 100 Index ETF positions in Q4 2025 and 3 closed out, a net change of +8 holders.
- The largest HCM Defender 100 Index ETF buyer in Q4 2025 was Howard Capital Management, an estimated $22.5M added.
- The largest HCM Defender 100 Index ETF seller in Q4 2025 was Envestnet Asset Management, an estimated $4.84M sold.
Based on aggregated 13F filings for Q4 2025.