Invesco QQQ Trust
QQQ
3,349 hedge funds and large institutions have $110B invested in Invesco QQQ Trust in 2025 Q1 according to their latest regulatory filings, with 204 funds opening new positions, 1,403 increasing their positions, 1,299 reducing their positions, and 196 closing their positions.
8% more repeat investments, than reductions
Existing positions increased: 1,403 | Existing positions reduced: 1,299
4% more first-time investments, than exits
New positions opened: 204 | Existing positions closed: 196
0.07% more ownership
Funds ownership: 37.84% → 37.91% (+0.07%)
2% less funds holding
Funds holding: 3,409 → 3,349 (-60)
6% less funds holding in top 10
Funds holding in top 10: 753 → 706 (-47)
16% less capital invested
Capital invested by funds: $132B → $110B (-$21.6B)
43% less call options, than puts
Call options by funds: $122B | Put options by funds: $213B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.63B |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.57B |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$1.15B |
| 4 |
MMEA
Main Management ETF Advisors
San Francisco,
California
|
+$1.11B |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$966M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.25B |
| 2 |
RCMU
Rokos Capital Management (UK)
London,
United Kingdom
|
-$1.2B |
| 3 |
HF
HRT Financial
New York
|
-$975M |
| 4 |
Optiver Holding
Amsterdam,
Netherlands
|
-$856M |
| 5 |
KAM
Kensington Asset Management
Austin,
Texas
|
-$413M |
QQQ Hedge Fund Activity: Q1 2025 in Review
3,349 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Invesco QQQ Trust (QQQ) for Q1 2025, worth a combined $110B — down 16% from $132B a quarter earlier.
Buyers outnumbered sellers: 204 funds opened new QQQ positions and 196 closed out — a net gain of 8 holders — while 1,403 added to existing stakes and 1,299 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $1.63B. The largest seller was Susquehanna International Group, cutting an estimated $1.25B.
- 3,349 institutional investors held Invesco QQQ Trust (QQQ) as of Q1 2025, down from 3,409 in Q4 2024.
- Funds reported $110B of Invesco QQQ Trust stock for Q1 2025, down 16% quarter-over-quarter.
- 204 funds opened new Invesco QQQ Trust positions in Q1 2025 and 196 closed out, a net change of +8 holders.
- The largest Invesco QQQ Trust buyer in Q1 2025 was Morgan Stanley, an estimated $1.63B added.
- The largest Invesco QQQ Trust seller in Q1 2025 was Susquehanna International Group, an estimated $1.25B sold.
Based on aggregated 13F filings for Q1 2025.