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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
3,349
Holders Change
-60
Holders Change %
-1.76%
% of All Funds
44.9%
Holding in Top 10
706
Holding in Top 10 Change
-47
Holding in Top 10 Change %
-6.24%
% of All Funds
9.47%
New
204
Increased
1,403
Reduced
1,299
Closed
196
Calls
$122B
Puts
$213B
Net Calls
-$91B
Net Calls Change
-$4B

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$1.63B
2
Wells Fargo
Wells Fargo
California
+$1.57B
3
Citadel Advisors
Citadel Advisors
Florida
+$1.15B
4
MMEA
Main Management ETF Advisors
California
+$1.11B
5
Bank of America
Bank of America
North Carolina
+$966M

Top Sellers

Rank Fund Capital Flow
1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$1.25B
2
RCMU
Rokos Capital Management (UK)
United Kingdom
-$1.2B
3
HF
HRT Financial
New York
-$975M
4
Optiver Holding
Optiver Holding
Netherlands
-$856M
5
KAM
Kensington Asset Management
Texas
-$413M
Name Holding Trade Value Shares
Change 		Change in
Stake
CI
3401
Clal Insurance
Israel
– -$4.46M -8,726 Closed
RFP
3402
Root Financial Partners
California
– -$4.33M -8,461 Closed
RCM
3403
Requisite Capital Management
Texas
– -$4.29M -8,394 Closed
PAM
3404
PCG Asset Management
New Jersey
– -$3.78M -7,402 Closed
NIP
3405
Nicholas Investment Partners
California
– -$3.64M -7,123 Closed
TSW
3406
Three Seasons Wealth
Utah
– -$3.61M -7,071 Closed
FCM
3407
Fortis Capital Management
Washington
– -$3.43M -6,717 Closed
FA
3408
Fedenia Advisers
Wisconsin
– -$3.29M -6,432 Closed
XT
3409
XTX Topco
Cayman Islands
– -$3.09M -6,038 Closed
TCM
3410
Towneley Capital Management
California
– -$2.94M -5,752 Closed
PWG
3411
Private Wealth Group
Florida
– -$2.68M -5,252 Closed
SA
3412
Sylvest Advisors
Texas
– -$2.58M -5,042 Closed
Marshall Wace
3413
Marshall Wace
United Kingdom
– -$2.54M -5,000 Closed
MWM
3414
Massachusetts Wealth Management
Massachusetts
– -$2.45M -4,802 Closed
CPC
3415
CFC Planning Company
Indiana
– -$2.43M -4,752 Closed
SI
3416
Symmetry Investments
Jersey
– -$2.39M -4,700 Closed
WP
3417
WMS Partners
Maryland
– -$2.32M -4,534 Closed
PBT
3418
Pictet Bank & Trust
Bahamas
– -$2.15M -4,200 Closed
AI
3419
Arvest Investments
Arkansas
– -$2.07M -4,047 Closed
MM
3420
Meridian Management
Arkansas
– -$1.88M -3,686 Closed
SF
3421
Symphony Financial
Texas
– -$1.89M -3,603 Closed
PCP
3422
Perbak Capital Partners
United Kingdom
– -$1.75M -3,417 Closed
CBA
3423
Coastal Bridge Advisors
Connecticut
– -$1.67M -3,272 Closed
CCA
3424
Cadent Capital Advisors
Oklahoma
– -$1.61M -3,144 Closed
ODG
3425
O'Dell Group
Ohio
– -$1.49M -2,916 Closed
135 136
137
138 139

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.